a_jhvitrust.htm

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


500 Index Trust B
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 96.5%
Consumer Discretionary - 11.3%
Auto Components - 0.3%
BorgWarner, Inc. (I)(L)	20,501	$	1,585,536
Delphi Automotive PLC	52,254		2,320,078
Johnson Controls, Inc.	120,663		4,231,651
The Goodyear Tire & Rubber Company (I)	43,589		549,657

			8,686,922
Automobiles - 0.4%
Ford Motor Company	695,456		9,145,246
Harley-Davidson, Inc.	40,234		2,144,472

			11,289,718
Distributors - 0.1%
Genuine Parts Company	27,347		2,133,066
Diversified Consumer Services - 0.1%
Apollo Group, Inc., Class A (I)	17,980		312,672
H&R Block, Inc.	47,692		1,403,099

			1,715,771
Hotels, Restaurants & Leisure - 1.7%
Carnival Corp.	78,902		2,706,339
Chipotle Mexican Grill, Inc. (I)	5,501		1,792,611
Darden Restaurants, Inc.	22,639		1,169,984
International Game Technology	46,555		768,158
Marriott International, Inc., Class A	43,182		1,823,576
McDonald’s Corp.	177,898		17,734,652
Starbucks Corp.	132,866		7,568,047
Starwood Hotels & Resorts Worldwide, Inc.	34,681		2,210,220
Wyndham Worldwide Corp.	24,197		1,560,223
Wynn Resorts, Ltd.	14,012		1,753,742
Yum! Brands, Inc.	79,916		5,749,157

			44,836,709
Household Durables - 0.3%
D.R. Horton, Inc. (L)	48,923		1,188,829
Garmin, Ltd. (L)	19,263		636,450
Harman International Industries, Inc.	12,070		538,684
Leggett & Platt, Inc. (L)	24,824		838,555
Lennar Corp., Class A (L)	29,239		1,212,834
Newell Rubbermaid, Inc.	50,864		1,327,550
PulteGroup, Inc. (I)(L)	59,630		1,206,911
Whirlpool Corp.	13,915		1,648,371

			8,598,184
Internet & Catalog Retail - 1.1%
Amazon.com, Inc. (I)	64,502		17,189,138
Expedia, Inc. (L)	16,510		990,765
Netflix, Inc. (I)	9,930		1,880,841
priceline.com, Inc. (I)	8,846		6,085,429
TripAdvisor, Inc. (I)(L)	19,196		1,008,174

			27,154,347
Leisure Equipment & Products - 0.1%
Hasbro, Inc. (L)	20,236		889,170
Mattel, Inc.	61,146		2,677,583

			3,566,753
Media - 3.6%
Cablevision Systems Corp., Class A	37,584		562,257
CBS Corp., Class B	103,768		4,844,928
Comcast Corp., Class A	468,157		19,667,276
DIRECTV (I)	101,687		5,756,501
Discovery
Communications, Inc., Class A (I)(L)	43,478		3,423,458
Gannett Company, Inc. (L)	40,797		892,230


500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Media (continued)
News Corp., Class A	354,645	$	10,823,765
Omnicom Group, Inc.	46,316		2,728,012
Scripps Networks Interactive, Inc., Class A	15,225		979,577
The Interpublic Group of Companies, Inc.	73,214		953,978
The McGraw-Hill Companies, Inc.	49,449		2,575,304
The Walt Disney Company	320,252		18,190,314
The Washington Post Company, Class B	785		350,895
Time Warner Cable, Inc.	52,405		5,034,024
Time Warner, Inc.	165,759		9,551,034
Viacom, Inc., Class B	80,768		4,972,886

			91,306,439
Multiline Retail - 0.8%
Dollar General Corp. (I)	46,480		2,350,958
Dollar Tree, Inc. (I)	40,644		1,968,389
Family Dollar Stores, Inc.	17,131		1,011,586
J.C. Penney Company, Inc. (L)	24,580		371,404
Kohl’s Corp.	38,086		1,756,907
Macy’s, Inc.	69,880		2,923,779
Nordstrom, Inc.	26,950		1,488,449
Target Corp.	115,561		7,910,150

			19,781,622
Specialty Retail - 2.1%
Abercrombie & Fitch Company, Class A	14,135		653,037
AutoNation, Inc. (I)	6,914		302,488
AutoZone, Inc. (I)	6,450		2,559,167
Bed Bath & Beyond, Inc. (I)	40,145		2,586,141
Best Buy Company, Inc. (L)	46,138		1,021,957
CarMax, Inc. (I)	40,296		1,680,343
GameStop Corp., Class A (L)	22,112		618,473
L Brands, Inc.	42,096		1,880,007
Lowe’s Companies, Inc.	196,887		7,465,955
O’Reilly Automotive, Inc. (I)	19,754		2,025,773
PetSmart, Inc.	18,998		1,179,776
Ross Stores, Inc.	39,500		2,394,490
Staples, Inc. (L)	120,444		1,617,563
The Gap, Inc.	52,607		1,862,288
The Home Depot, Inc.	265,203		18,505,865
Tiffany & Company	21,013		1,461,244
TJX Companies, Inc.	129,850		6,070,488
Urban Outfitters, Inc. (I)	19,252		745,822

			54,630,877
Textiles, Apparel & Luxury Goods - 0.7%
Coach, Inc.	50,312		2,515,097
Fossil, Inc. (I)	9,621		929,389
NIKE, Inc., Class B	128,721		7,595,826
PVH Corp.	14,050		1,500,681
Ralph Lauren Corp.	10,775		1,824,315
VF Corp.	15,513		2,602,306

			16,967,614

			290,668,022
Consumer Staples - 10.6%
Beverages - 2.4%
Beam, Inc.	28,489		1,810,191
Brown-Forman Corp., Class B	26,737		1,909,022
Coca-Cola Enterprises, Inc.	46,519		1,717,481
Constellation Brands, Inc., Class A (I)	27,051		1,288,710
Dr. Pepper Snapple Group, Inc.	36,089		1,694,379
Molson Coors Brewing Company, Class B	27,479		1,344,547
Monster Beverage Corp. (I)	25,541		1,219,327
PepsiCo, Inc.	273,508		21,637,218

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Beverages (continued)
The Coca-Cola Company	679,886	$	27,494,590

			60,115,465
Food & Staples Retailing - 2.3%
Costco Wholesale Corp.	77,299		8,202,197
CVS Caremark Corp.	218,375		12,008,441
Safeway, Inc.	41,789		1,101,140
Sysco Corp. (L)	103,486		3,639,603
The Kroger Company	91,872		3,044,638
Wal-Mart Stores, Inc.	296,704		22,202,360
Walgreen Company	152,587		7,275,348
Whole Foods Market, Inc.	30,312		2,629,566

			60,103,293
Food Products - 1.8%
Archer-Daniels-Midland Company	116,186		3,918,954
Campbell Soup Company (L)	31,786		1,441,813
ConAgra Foods, Inc.	73,374		2,627,523
Dean Foods Company (I)	32,853		595,625
General Mills, Inc.	114,367		5,639,437
H.J. Heinz Company	56,861		4,109,344
Hormel Foods Corp. (L)	23,496		970,855
Kellogg Company	44,309		2,854,829
Kraft Foods Group, Inc.	105,090		5,415,288
McCormick & Company, Inc., Non-
Voting Shares	23,398		1,720,923
Mead Johnson Nutrition Company	35,952		2,784,482
Mondelez International, Inc., Class A	315,417		9,654,914
The Hershey Company	26,753		2,341,690
The J.M. Smucker Company	19,022		1,886,222
Tyson Foods, Inc., Class A	51,085		1,267,930

			47,229,829
Household Products - 2.2%
Colgate-Palmolive Company	78,018		9,208,465
Kimberly-Clark Corp.	68,775		6,738,575
The Clorox Company	23,235		2,056,995
The Procter & Gamble Company	484,576		37,341,427

			55,345,462
Personal Products - 0.2%
Avon Products, Inc.	76,245		1,580,559
The Estee Lauder Companies, Inc., Class A	42,351		2,711,735

			4,292,294
Tobacco - 1.7%
Altria Group, Inc.	356,456		12,258,522
Lorillard, Inc.	67,298		2,715,474
Philip Morris International, Inc.	292,261		27,095,517
Reynolds American, Inc.	57,050		2,538,155

			44,607,668

			271,694,011
Energy - 10.5%
Energy Equipment & Services - 1.8%
Baker Hughes, Inc.	78,298		3,633,810
Cameron International Corp. (I)	43,922		2,863,714
Diamond Offshore Drilling, Inc. (L)	12,142		844,598
Ensco PLC, Class A	40,946		2,456,760
FMC Technologies, Inc. (I)	42,059		2,287,589
Halliburton Company	165,188		6,675,247
Helmerich & Payne, Inc. (L)	18,652		1,132,176
Nabors Industries, Ltd.	51,252		831,307
National Oilwell Varco, Inc.	75,652		5,352,379
Noble Corp.	44,574		1,700,498


500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Energy Equipment & Services (continued)
Rowan Companies PLC, Class A (I)	22,146	$	783,083
Schlumberger, Ltd.	235,545		17,639,965

			46,201,126
Oil, Gas & Consumable Fuels - 8.7%
Anadarko Petroleum Corp.	88,750		7,761,188
Apache Corp.	69,488		5,361,694
Cabot Oil & Gas Corp.	37,048		2,504,815
Chesapeake Energy Corp. (L)	91,581		1,869,168
Chevron Corp.	344,558		40,940,382
ConocoPhillips	216,493		13,011,229
CONSOL Energy, Inc.	40,136		1,350,576
Denbury Resources, Inc. (I)	66,190		1,234,444
Devon Energy Corp.	66,924		3,775,852
EOG Resources, Inc.	48,185		6,171,053
EQT Corp.	26,396		1,788,329
Exxon Mobil Corp.	794,709		71,611,228
Hess Corp.	52,418		3,753,653
Kinder Morgan, Inc.	111,664		4,319,164
Marathon Oil Corp.	125,445		4,230,005
Marathon Petroleum Corp.	58,725		5,261,760
Murphy Oil Corp.	32,107		2,046,179
Newfield Exploration Company (I)	23,817		533,977
Noble Energy, Inc.	31,828		3,681,226
Occidental Petroleum Corp.	142,882		11,197,662
Peabody Energy Corp.	47,299		1,000,374
Phillips 66	110,176		7,709,015
Pioneer Natural Resources Company	23,463		2,915,278
QEP Resources, Inc.	31,150		991,816
Range Resources Corp.	28,670		2,323,417
Southwestern Energy Company (I)	62,234		2,318,839
Spectra Energy Corp.	117,673		3,618,445
Tesoro Corp.	24,489		1,433,831
The Williams Companies, Inc.	120,750		4,523,295
Valero Energy Corp.	97,969		4,456,610
WPX Energy, Inc. (I)	35,428		567,557

			224,262,061

			270,463,187
Financials - 15.0%
Capital Markets - 2.0%
Ameriprise Financial, Inc.	36,013		2,652,357
BlackRock, Inc.	22,300		5,728,424
E*TRADE Financial Corp. (I)	44,864		480,493
Franklin Resources, Inc.	24,383		3,677,200
Invesco, Ltd.	78,613		2,276,632
Legg Mason, Inc. (L)	20,881		671,324
Morgan Stanley	244,003		5,363,186
Northern Trust Corp.	38,592		2,105,580
State Street Corp.	80,978		4,784,990
T. Rowe Price Group, Inc.	45,888		3,435,635
The Bank of New York Mellon Corp.	206,534		5,780,887
The Charles Schwab Corp.	194,837		3,446,667
The Goldman Sachs Group, Inc.	77,582		11,416,191

			51,819,566
Commercial Banks - 2.6%
BB&T Corp.	123,332		3,871,391
Comerica, Inc.	33,308		1,197,423
Fifth Third Bancorp	155,180		2,530,986
First Horizon National Corp.	44,942		479,981
Huntington Bancshares, Inc.	151,454		1,119,245
KeyCorp	163,594		1,629,396
M&T Bank Corp. (L)	21,702		2,238,778

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Banks (continued)
PNC Financial Services Group, Inc.	93,388	$	6,210,302
Regions Financial Corp.	249,353		2,042,201
SunTrust Banks, Inc.	95,006		2,737,123
U.S. Bancorp	330,607		11,217,496
Wells Fargo & Company	869,513		32,163,286
Zions Bancorporation (L)	32,912		822,471

			68,260,079
Consumer Finance - 0.9%
American Express Company	170,433		11,497,410
Capital One Financial Corp.	103,277		5,675,071
Discover Financial Services	87,836		3,938,566
SLM Corp.	80,330		1,645,158

			22,756,205
Diversified Financial Services - 3.5%
Bank of America Corp.	1,919,109		23,374,748
Citigroup, Inc.	538,981		23,844,519
CME Group, Inc.	54,410		3,340,230
IntercontinentalExchange, Inc. (I)(L)	12,842		2,094,145
JPMorgan Chase & Company	678,828		32,217,177
Leucadia National Corp.	51,907		1,423,809
Moody’s Corp.	34,141		1,820,398
NYSE Euronext	43,280		1,672,339
The NASDAQ OMX Group, Inc.	20,684		668,093

			90,455,458
Insurance - 4.0%
ACE, Ltd.	60,132		5,349,944
Aflac, Inc.	82,651		4,299,505
American International Group, Inc. (I)	261,780		10,162,300
Aon PLC	55,215		3,395,723
Assurant, Inc.	13,943		627,574
Berkshire Hathaway, Inc., Class B (I)	323,491		33,707,762
Cincinnati Financial Corp.	25,803		1,217,644
Genworth Financial, Inc., Class A (I)	85,102		851,020
Hartford Financial Services Group, Inc.	76,930		1,984,794
Lincoln National Corp.	48,035		1,566,421
Loews Corp.	55,130		2,429,579
Marsh & McLennan Companies, Inc.	97,160		3,689,165
MetLife, Inc.	193,856		7,370,405
Principal Financial Group, Inc.	48,972		1,666,517
Prudential Financial, Inc.	82,232		4,850,866
The Allstate Corp.	84,520		4,147,396
The Chubb Corp.	46,332		4,055,440
The Progressive Corp.	98,870		2,498,445
The Travelers Companies, Inc.	66,979		5,638,962
Torchmark Corp.	16,705		998,959
Unum Group	47,622		1,345,322
XL Group PLC	52,217		1,582,175

			103,435,918
Real Estate Investment Trusts - 1.8%
Apartment Investment & Management
Company, Class A	25,345		777,078
AvalonBay Communities, Inc.	20,236		2,563,294
Boston Properties, Inc.	26,866		2,715,078
Equity Residential	56,469		3,109,183
HCP, Inc.	80,255		4,001,514
Health Care REIT, Inc.	46,001		3,123,928
Host Hotels & Resorts, Inc. (L)	127,509		2,230,132
Kimco Realty Corp.	71,847		1,609,373
Plum Creek Timber Company, Inc. (L)	28,524		1,488,953
Prologis, Inc.	81,983		3,277,680
Public Storage	25,419		3,871,822


500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Real Estate Investment Trusts (continued)
Simon Property Group, Inc.	55,606	$	8,816,887
Ventas, Inc.	51,698		3,784,294
Vornado Realty Trust	29,839		2,495,734
Weyerhaeuser Company	96,443		3,026,381

			46,891,331
Real Estate Management & Development - 0.1%
CBRE Group, Inc., Class A (I)	53,264		1,344,916
Thrifts & Mortgage Finance - 0.1%
Hudson City Bancorp, Inc.	82,890		716,170
People’s United Financial, Inc.	61,399		825,203

			1,541,373

			386,504,846
Health Care - 12.1%
Biotechnology - 1.8%
Alexion Pharmaceuticals, Inc. (I)	34,624		3,190,255
Amgen, Inc.	132,745		13,607,690
Biogen Idec, Inc. (I)	41,908		8,084,472
Celgene Corp. (I)	74,270		8,608,636
Gilead Sciences, Inc. (I)	270,012		13,211,687

			46,702,740
Health Care Equipment & Supplies - 2.1%
Abbott Laboratories	278,534		9,837,821
Baxter International, Inc.	97,169		7,058,356
Becton, Dickinson and Company	34,379		3,286,976
Boston Scientific Corp. (I)	242,197		1,891,559
C.R. Bard, Inc.	13,488		1,359,321
CareFusion Corp. (I)	39,161		1,370,243
Covidien PLC	83,731		5,680,311
DENTSPLY International, Inc.	25,028		1,061,688
Edwards Lifesciences Corp. (I)	20,417		1,677,461
Intuitive Surgical, Inc. (I)	7,117		3,495,799
Medtronic, Inc.	178,810		8,396,918
St. Jude Medical, Inc.	50,163		2,028,592
Stryker Corp.	51,014		3,328,153
Varian Medical Systems, Inc. (I)	19,535		1,406,520
Zimmer Holdings, Inc.	30,019		2,258,029

			54,137,747
Health Care Providers & Services - 1.8%
Aetna, Inc.	58,148		2,972,526
AmerisourceBergen Corp.	40,809		2,099,623
Cardinal Health, Inc.	60,183		2,504,816
Cigna Corp.	50,867		3,172,575
Coventry Health Care, Inc.	23,609		1,110,331
DaVita HealthCare Partners, Inc. (I)	14,932		1,770,786
Express Scripts Holding Company (I)	145,147		8,367,725
Humana, Inc.	28,073		1,940,125
Laboratory Corp. of America Holdings (I)	16,484		1,486,857
McKesson Corp.	41,308		4,459,612
Patterson Companies, Inc.	14,940		568,318
Quest Diagnostics, Inc.	27,997		1,580,431
Tenet Healthcare Corp. (I)	18,612		885,559
UnitedHealth Group, Inc.	181,756		10,398,261
WellPoint, Inc.	53,564		3,547,544

			46,865,089
Health Care Technology - 0.1%
Cerner Corp. (I)(L)	25,679		2,433,085
Life Sciences Tools & Services - 0.5%
Agilent Technologies, Inc.	61,482		2,580,400
Life Technologies Corp. (I)	30,933		1,999,200

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Life Sciences Tools & Services (continued)
PerkinElmer, Inc.	19,872	$	668,494
Thermo Fisher Scientific, Inc.	63,714		4,873,484
Waters Corp. (I)	15,473		1,453,069

			11,574,647
Pharmaceuticals - 5.8%
AbbVie, Inc.	280,331		11,431,898
Actavis, Inc. (I)	22,522		2,074,501
Allergan, Inc.	54,535		6,087,742
Bristol-Myers Squibb Company	290,366		11,960,176
Eli Lilly & Company	177,019		10,052,909
Forest Laboratories, Inc. (I)	41,251		1,569,188
Hospira, Inc. (I)	29,140		956,666
Johnson & Johnson	495,832		40,425,183
Merck & Company, Inc.	536,079		23,710,774
Mylan, Inc. (I)	70,071		2,027,855
Perrigo Company	15,508		1,841,265
Pfizer, Inc.	1,275,083		36,798,895

			148,937,052

			310,650,360
Industrials - 9.8%
Aerospace & Defense - 2.3%
General Dynamics Corp.	58,955		4,156,917
Honeywell International, Inc.	139,018		10,475,006
L-3 Communications Holdings, Inc.	15,920		1,288,246
Lockheed Martin Corp.	47,507		4,585,376
Northrop Grumman Corp.	42,024		2,947,984
Precision Castparts Corp.	25,991		4,928,413
Raytheon Company	57,683		3,391,184
Rockwell Collins, Inc. (L)	24,224		1,529,019
Textron, Inc.	48,149		1,435,322
The Boeing Company	120,704		10,362,438
United Technologies Corp.	149,615		13,978,529

			59,078,434
Air Freight & Logistics - 0.7%
C.H. Robinson Worldwide, Inc.	28,494		1,694,253
Expeditors International of Washington, Inc.	37,154		1,326,769
FedEx Corp.	51,916		5,098,151
United Parcel Service, Inc., Class B	126,823		10,894,096

			19,013,269
Airlines - 0.1%
Southwest Airlines Company	129,019		1,739,176
Building Products - 0.1%
Masco Corp.	63,056		1,276,884
Commercial Services & Supplies - 0.6%
Avery Dennison Corp. (L)	17,749		764,449
Cintas Corp. (L)	18,984		837,764
Iron Mountain, Inc.	28,961		1,051,574
Pitney Bowes, Inc. (L)	35,695		530,428
Republic Services, Inc. (L)	52,863		1,744,479
Stericycle, Inc. (I)	15,110		1,604,380
The ADT Corp. (I)	41,190		2,015,839
Tyco International, Ltd.	82,621		2,643,872
Waste Management, Inc.	76,909		3,015,602

			14,208,387
Construction & Engineering - 0.2%
Fluor Corp.	28,866		1,914,682
Jacobs Engineering Group, Inc. (I)	22,924		1,289,246


500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Construction & Engineering (continued)
Quanta Services, Inc. (I)	37,663	$	1,076,409

			4,280,337
Electrical Equipment - 0.6%
Eaton Corp. PLC	83,551		5,117,499
Emerson Electric Company	128,280		7,167,004
Rockwell Automation, Inc.	24,892		2,149,424
Roper Industries, Inc.	17,549		2,234,163

			16,668,090
Industrial Conglomerates - 2.4%
3M Company	112,590		11,969,443
Danaher Corp.	103,042		6,404,060
General Electric Company	1,844,276		42,639,661

			61,013,164
Machinery - 1.7%
Caterpillar, Inc.	116,233		10,108,784
Cummins, Inc.	31,232		3,616,978
Deere & Company	69,086		5,940,014
Dover Corp.	31,026		2,261,175
Flowserve Corp.	8,563		1,436,101
Illinois Tool Works, Inc.	73,719		4,492,436
Ingersoll-Rand PLC	48,899		2,689,934
Joy Global, Inc.	18,673		1,111,417
PACCAR, Inc. (L)	62,348		3,152,315
Pall Corp.	19,604		1,340,325
Parker Hannifin Corp.	26,356		2,413,682
Pentair, Ltd.	36,967		1,950,009
Snap-on, Inc.	10,401		860,163
Stanley Black & Decker, Inc.	28,465		2,304,811
Xylem, Inc.	32,717		901,681

			44,579,825
Professional Services - 0.1%
Equifax, Inc.	21,124		1,216,531
Robert Half International, Inc.	24,749		928,830
The Dun & Bradstreet Corp. (L)	7,235		605,208

			2,750,569
Road & Rail - 0.8%
CSX Corp.	181,105		4,460,616
Norfolk Southern Corp.	55,795		4,300,679
Ryder Systems, Inc.	8,807		526,218
Union Pacific Corp.	83,243		11,854,636

			21,142,149
Trading Companies & Distributors - 0.2%
Fastenal Company	47,559		2,442,155
W.W. Grainger, Inc.	10,568		2,377,589

			4,819,744

			250,570,028
Information Technology - 17.4%
Communications Equipment - 1.9%
Cisco Systems, Inc.	945,680		19,774,169
F5 Networks, Inc. (I)	13,944		1,242,132
Harris Corp.	19,928		923,464
JDS Uniphase Corp. (I)	41,621		556,473
Juniper Networks, Inc. (I)	91,405		1,694,649
Motorola Solutions, Inc.	48,938		3,133,500
QUALCOMM, Inc.	304,769		20,404,285

			47,728,672

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Computers & Peripherals - 4.0%
Apple, Inc.	166,565	$	73,726,666
Dell, Inc.	259,019		3,711,742
EMC Corp. (I)	372,447		8,897,759
Hewlett-Packard Company	346,884		8,269,715
NetApp, Inc. (I)	64,099		2,189,622
SanDisk Corp. (I)	42,620		2,344,100
Seagate Technology PLC	56,594		2,069,077
Western Digital Corp.	38,395		1,930,501

			103,139,182
Electronic Equipment, Instruments & Components - 0.4%
Amphenol Corp., Class A	28,408		2,120,657
Corning, Inc.	262,704		3,501,844
FLIR Systems, Inc.	26,435		687,574
Jabil Circuit, Inc.	32,620		602,818
Molex, Inc. (L)	24,562		719,175
TE Connectivity, Ltd.	74,485		3,123,156

			10,755,224
Internet Software & Services - 2.2%
Akamai Technologies, Inc. (I)	31,299		1,104,542
eBay, Inc. (I)	206,968		11,221,805
Google, Inc., Class A (I)	47,365		37,609,231
VeriSign, Inc. (I)(L)	27,041		1,278,498
Yahoo!, Inc. (I)	171,903		4,044,878

			55,258,954
IT Services - 3.7%
Accenture PLC, Class A	114,256		8,680,028
Automatic Data Processing, Inc.	85,972		5,589,899
Cognizant Technology
Solutions Corp., Class A (I)	53,509		4,099,324
Computer Sciences Corp.	27,422		1,349,985
Fidelity National Information Services, Inc.	51,933		2,057,585
Fiserv, Inc. (I)	23,625		2,074,984
IBM Corp.	185,831		39,637,752
Mastercard, Inc., Class A	18,728		10,134,283
Paychex, Inc. (L)	57,033		2,000,147
SAIC, Inc. (L)	49,307		668,110
Teradata Corp. (I)	29,753		1,740,848
The Western Union Company	100,903		1,517,581
Total Systems Services, Inc.	28,604		708,807
Visa, Inc., Class A	91,465		15,534,416

			95,793,749
Office Electronics - 0.1%
Xerox Corp.	216,988		1,866,097
Semiconductors & Semiconductor Equipment - 1.9%
Advanced Micro Devices, Inc. (I)(L)	109,275		278,651
Altera Corp.	56,420		2,001,217
Analog Devices, Inc.	54,223		2,520,827
Applied Materials, Inc.	211,551		2,851,707
Broadcom Corp., Class A	92,800		3,217,376
First Solar, Inc. (I)	10,672		287,717
Intel Corp.	877,230		19,167,476
KLA-Tencor Corp.	29,375		1,549,238
Lam Research Corp. (I)	28,758		1,192,307
Linear Technology Corp.	40,618		1,558,513
LSI Corp. (I)	98,342		666,759
Microchip Technology, Inc. (L)	34,170		1,256,089
Micron Technology, Inc. (I)	179,548		1,791,889
NVIDIA Corp.	109,270		1,400,841
Teradyne, Inc. (I)(L)	33,253		539,364
Texas Instruments, Inc.	195,899		6,950,497


500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Semiconductors & Semiconductor Equipment (continued)
Xilinx, Inc.	46,236	$	1,764,828

			48,995,296
Software - 3.2%
Adobe Systems, Inc. (I)	88,464		3,849,069
Autodesk, Inc. (I)	40,034		1,651,002
BMC Software, Inc. (I)	23,341		1,081,389
CA, Inc.	59,051		1,486,314
Citrix Systems, Inc. (I)	32,985		2,380,198
Electronic Arts, Inc. (I)	53,233		942,224
Intuit, Inc.	49,420		3,244,423
Microsoft Corp.	1,337,253		38,258,808
Oracle Corp.	654,980		21,182,053
Red Hat, Inc. (I)	34,059		1,722,023
Salesforce.com, Inc. (I)	23,895		4,273,143
Symantec Corp. (I)	122,213		3,016,217

			83,086,863

			446,624,037
Materials - 3.3%
Chemicals - 2.4%
Air Products & Chemicals, Inc.	36,848		3,210,198
Airgas, Inc.	12,235		1,213,223
CF Industries Holdings, Inc.	11,061		2,105,683
E.I. du Pont de Nemours & Company	165,722		8,146,894
Eastman Chemical Company	26,980		1,885,093
Ecolab, Inc.	47,077		3,774,634
FMC Corp.	24,222		1,381,381
International Flavors & Fragrances, Inc.	14,376		1,102,208
LyondellBasell Industries NV, Class A	67,142		4,249,417
Monsanto Company	95,032		10,038,230
PPG Industries, Inc.	25,317		3,390,959
Praxair, Inc.	52,596		5,866,558
Sigma-Aldrich Corp. (L)	21,295		1,654,196
The Dow Chemical Company	213,591		6,800,737
The Mosaic Company	48,784		2,908,014
The Sherwin-Williams Company	15,197		2,566,621

			60,294,046
Construction Materials - 0.0%
Vulcan Materials Company	22,848		1,181,242
Containers & Packaging - 0.2%
Ball Corp.	26,390		1,255,636
Bemis Company, Inc.	18,366		741,252
MeadWestvaco Corp.	30,586		1,110,272
Owens-Illinois, Inc. (I)	29,467		785,296
Sealed Air Corp.	34,285		826,611

			4,719,067
Metals & Mining - 0.6%
Alcoa, Inc. (L)	187,973		1,601,530
Allegheny Technologies, Inc.	19,183		608,293
Cliffs Natural Resources, Inc. (L)	26,835		510,133
Freeport-McMoRan Copper & Gold, Inc.	168,352		5,572,451
Newmont Mining Corp.	87,525		3,666,422
Nucor Corp.	55,914		2,580,431
United States Steel Corp. (L)	25,764		502,398

			15,041,658
Paper & Forest Products - 0.1%
International Paper Company	78,190		3,642,090

			84,878,103

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Telecommunication Services - 3.1%
Diversified Telecommunication Services - 2.8%
American Tower Corp.	69,709	$	5,362,016
AT&T, Inc.	974,060		35,738,261
CenturyLink, Inc. (L)	111,063		3,901,643
Frontier Communications Corp. (L)	176,258		701,507
Verizon Communications, Inc.	506,922		24,915,216
Windstream Corp. (L)	103,847		825,584

			71,444,227
Wireless Telecommunication Services - 0.3%
Crown Castle International Corp. (I)	51,736		3,602,895
MetroPCS Communications, Inc. (I)	54,988		599,369
Sprint Nextel Corp. (I)	529,458		3,287,934

			7,490,198

			78,934,425
Utilities - 3.4%
Electric Utilities - 2.0%
American Electric Power Company, Inc.	85,556		4,160,588
Duke Energy Corp.	124,893		9,065,983
Edison International	57,503		2,893,551
Entergy Corp.	31,299		1,979,349
Exelon Corp.	151,576		5,226,340
FirstEnergy Corp.	73,802		3,114,444
NextEra Energy, Inc.	75,083		5,832,447
Northeast Utilities	55,366		2,406,206
Pepco Holdings, Inc.	40,381		864,153
Pinnacle West Capital Corp.	19,342		1,119,708
PPL Corp.	102,491		3,208,993
The Southern Company	154,326		7,240,976
Xcel Energy, Inc.	86,021		2,554,824

			49,667,562
Gas Utilities - 0.1%
AGL Resources, Inc.	20,775		871,511
ONEOK, Inc.	36,205		1,725,892

			2,597,403
Independent Power Producers & Energy Traders - 0.1%
AES Corp.	109,550		1,377,044
NRG Energy, Inc.	56,881		1,506,778

			2,883,822
Multi-Utilities - 1.2%
Ameren Corp.	42,855		1,500,782
CenterPoint Energy, Inc.	75,457		1,807,950
CMS Energy Corp.	46,826		1,308,318
Consolidated Edison, Inc.	51,676		3,153,786
Dominion Resources, Inc.	102,118		5,941,225
DTE Energy Company	30,311		2,071,454
Integrys Energy Group, Inc.	13,586		790,162
NiSource, Inc.	54,710		1,605,191
PG&E Corp.	77,627		3,456,730
Public Service Enterprise Group, Inc.	89,266		3,065,394
SCANA Corp.	23,175		1,185,633
Sempra Energy	40,025		3,199,599
TECO Energy, Inc. (L)	35,329		629,563
Wisconsin Energy Corp.	40,671		1,744,379

			31,460,166

			86,608,953

TOTAL COMMON STOCKS (Cost $1,697,745,396)		$	2,477,595,972


500 Index Trust B (continued)
		Shares or
		Principal
		Amount		Value


SECURITIES LENDING COLLATERAL - 1.6%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		4,160,985		41,646,048

TOTAL SECURITIES LENDING
COLLATERAL (Cost $41,644,968)			$	41,646,048


SHORT-TERM INVESTMENTS - 3.5%
Repurchase Agreement - 3.5%
Repurchase Agreement with State Street Corp.
dated 03/28/2013 at 0.010% to be
repurchased at $89,865,100 on 04/01/2013,
collateralized by $83,330,000 U.S. Treasury
Notes, 2.750% due 02/28/2018 (valued at $
91,663,000, including interest)	$	89,865,000	$	89,865,000

TOTAL SHORT-TERM INVESTMENTS (Cost $89,865,000)			$	89,865,000

Total Investments (500 Index Trust B)
(Cost $1,829,255,364) - 101.6%			$	2,609,107,020
Other assets and liabilities, net - (1.6%)				(40,838,058)

TOTAL NET ASSETS - 100.0%			$	2,568,268,962




Active Bond Trust
		Shares or
		Principal
		Amount		Value


U.S. GOVERNMENT & AGENCY
OBLIGATIONS - 25.3%
U.S. Government - 3.9%
U.S. Treasury Bonds
2.750%, 11/15/2042	$	16,855,000	$	15,656,711
U.S. Treasury Notes
0.875%, 04/30/2017		3,350,000		3,390,830
1.375%, 02/28/2019		2,000,000		2,046,406
1.500%, 06/30/2016		2,525,000		2,613,769
2.000%, 02/15/2023		5,241,000		5,311,429
2.250%, 07/31/2018		1,000,000		1,074,062
2.625%, 08/15/2020		11,320,000		12,374,175
2.750%, 02/28/2018		3,000,000		3,292,734
3.125%, 05/15/2021		1,055,000		1,188,853
U.S. Treasury Strips, PO
1.988%, 11/15/2030		3,485,000		2,064,270

				49,013,239
U.S. Government Agency - 21.4%
Federal Home Loan Mortgage Corp.
4.500%, 09/01/2023 to 10/01/2041		9,745,583		10,472,231
5.000%, 03/01/2041 to 04/01/2041		3,417,996		3,729,137
6.500%, 06/01/2037 to 02/01/2038		649,133		724,729
Federal National Mortgage Association
2.621%, 07/01/2033 (P)		49,773		53,276
2.678%, 08/01/2034 (P)		1,808,669		1,931,833
3.000%, TBA (C)		12,000,000		12,378,193
3.000%, 07/01/2027 to 02/01/2043		11,952,950		12,426,910
3.500%, TBA (C)		3,250,000		3,431,256
3.500%, 02/01/2026 to 06/01/2042		15,071,435		15,977,356
4.000%, TBA (C)		16,250,000		17,324,024
4.000%, 12/01/2024 to 05/01/2042		34,923,966		37,590,101
4.500%, TBA (C)		22,650,000		24,394,532
4.500%, 11/01/2040 to 06/01/2041		29,021,390		31,444,498
5.000%, 05/01/2018 to 04/01/2041		38,642,463		42,749,876
5.500%, 02/01/2018 to 11/01/2039		18,644,037		20,449,638
6.000%, 05/01/2035 to 02/01/2036		10,432,914		11,576,758

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


U.S. GOVERNMENT & AGENCY
OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage
Association (continued)
6.500%, 02/01/2036 to 06/01/2039	$	7,194,222	$	8,038,902
7.000%, 04/01/2017 to 06/01/2032		548,590		630,769
7.500%, 09/01/2029 to 08/01/2031		115,037		134,588
Government National
Mortgage Association
4.000%, TBA (C)		7,500,000		8,174,999
5.000%, 04/15/2035		1,460,796		1,595,875
5.500%, 03/15/2035		1,080,506		1,197,421
6.000%, 03/15/2033 to 06/15/2033		698,646		806,608
6.500%, 09/15/2028 to 08/15/2031		164,432		189,011
7.000%, 04/15/2029		67,573		78,571
8.000%, 10/15/2026 to 05/15/2029		88,013		103,345

				267,604,437

TOTAL U.S. GOVERNMENT & AGENCY
OBLIGATIONS (Cost $310,105,054)			$	316,617,676


FOREIGN GOVERNMENT
OBLIGATIONS - 0.7%
Argentina - 0.2%
City of Buenos Aires
9.950%, 03/01/2017 (S)		1,120,000		946,400
Republic of Argentina
1.180%, 12/31/2038 (P)	ARS	8,797,621		824,664
5.830%, 12/31/2033 (P)		3,617,497		1,026,466
12/15/2035 (I)		19,532,033		257,849

				3,055,379
Germany - 0.1%
Federal Republic of Germany
6.250%, 01/04/2030	EUR	725,000		1,495,302
Japan - 0.1%
Government of Japan
1.500%, 09/20/2014	JPY	68,650,000		744,766
Mexico - 0.2%
Government of Mexico
8.000%, 12/19/2013 to 12/07/2023	MXN	20,193,300		1,891,106
Panama - 0.1%
Republic of Panama
8.875%, 09/30/2027	$	344,000		530,964
9.375%, 04/01/2029		130,000		211,445

				742,409
Peru - 0.0%
Republic of Peru
9.875%, 02/06/2015		111,000		129,315
United Kingdom - 0.0%
Government of United Kingdom
6.000%, 12/07/2028	GBP	85,000		189,714
8.000%, 12/07/2015		125,000		229,551

				419,265

TOTAL FOREIGN GOVERNMENT
OBLIGATIONS (Cost $8,025,257)			$	8,477,542


CORPORATE BONDS - 41.6%
Consumer Discretionary - 4.9%
Allison Transmission, Inc.
7.125%, 05/15/2019 (S)	$	730,000		785,634


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Consumer Discretionary (continued)
AMC Entertainment, Inc.
8.750%, 06/01/2019	$	305,000	$	334,738
American Axle & Manufacturing, Inc.
6.625%, 10/15/2022 (L)		130,000		134,550
American Standard Americas
10.750%, 01/15/2016 (S)		355,000		368,313
Arcelik AS
5.000%, 04/03/2023 (S)		400,000		398,811
Arcos Dorados Holdings, Inc.
10.250%, 07/13/2016 (S)	BRL	1,120,000		573,371
AutoNation, Inc.
5.500%, 02/01/2020	$	1,020,000		1,106,700
Burlington Coat Factory Warehouse Corp.
10.000%, 02/15/2019		1,255,000		1,393,050
Burlington Holdings LLC, PIK
9.000%, 02/15/2018 (S)		315,000		319,725
Cablevision Systems Corp.
8.625%, 09/15/2017		235,000		273,775
CBS Corp.
7.875%, 07/30/2030		1,010,000		1,336,907
CCM Merger, Inc.
9.125%, 05/01/2019 (S)		920,000		943,000
Cinemark USA, Inc.
7.375%, 06/15/2021		365,000		407,888
8.625%, 06/15/2019		325,000		358,719
Comcast Corp.
6.550%, 07/01/2039		1,000,000		1,290,032
Corporacion GEO SAB de CV
8.875%, 03/27/2022 (S)		930,000		795,150
CSC Holdings LLC
7.875%, 02/15/2018		665,000		774,725
Darden Restaurants, Inc.
6.800%, 10/15/2037		1,665,000		1,925,038
Downstream Development Authority of
the Quapaw Tribe of Oklahoma
10.500%, 07/01/2019 (S)		700,000		777,000
Exide Technologies
8.625%, 02/01/2018		635,000		545,306
Expedia, Inc.
5.950%, 08/15/2020		880,000		979,014
Ford Motor Company
4.750%, 01/15/2043		800,000		745,820
6.625%, 10/01/2028		230,000		265,404
Ford Motor Credit Company LLC
5.000%, 05/15/2018		951,000		1,047,917
5.875%, 08/02/2021		2,994,000		3,426,995
8.000%, 12/15/2016		949,000		1,137,857
Greektown Superholdings, Inc.
13.000%, 07/01/2015		978,000		1,048,905
Harley-Davidson Financial Services, Inc.
2.700%, 03/15/2017 (S)		1,000,000		1,033,195
Hillman Group, Inc.
10.875%, 06/01/2018		785,000		863,500
Hyundai Capital Services, Inc.
4.375%, 07/27/2016 (S)		405,000		437,728
6.000%, 05/05/2015 (S)		710,000		776,284
Jo-Ann Stores Holdings, Inc., PIK
9.750%, 10/15/2019 (S)		1,015,000		1,065,750
Kia Motors Corp.
3.625%, 06/14/2016 (S)		585,000		618,558
Landry’s, Inc.
9.375%, 05/01/2020 (S)		450,000		484,875

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Consumer Discretionary (continued)
Limited Brands, Inc.
6.625%, 04/01/2021	$	1,095,000	$	1,237,350
Little Traverse Bay Bands of Odawa
Indians
9.000%, 08/31/2020 (S)		819,000		794,430
Macy’s Retail Holdings, Inc.
7.875%, 08/15/2036		895,000		997,342
Marina District Finance Company, Inc.
9.500%, 10/15/2015		655,000		674,650
MGM Resorts International
6.750%, 10/01/2020 (S)		645,000		683,700
8.625%, 02/01/2019		865,000		1,007,725
News America, Inc.
6.150%, 03/01/2037		210,000		246,757
6.400%, 12/15/2035		305,000		369,173
6.650%, 11/15/2037		1,000,000		1,237,169
6.750%, 01/09/2038		108,000		129,633
7.750%, 12/01/2045		491,000		674,949
Petco Holdings Inc., PIK
8.500%, 10/15/2017 (S)		290,000		299,063
QVC, Inc.
4.375%, 03/15/2023 (S)		715,000		723,339
5.125%, 07/02/2022		225,000		238,497
Regal Entertainment Group
9.125%, 08/15/2018		200,000		224,500
RHP Hotel Properties LP
5.000%, 04/15/2021 (S)		130,000		130,000
Rivers Pittsburgh Borrower LP
9.500%, 06/15/2019 (S)		330,000		360,525
Seminole Indian Tribe of Florida
6.535%, 10/01/2020 (S)		875,000		966,875
7.750%, 10/01/2017 (S)		560,000		604,800
Station Casinos LLC
7.500%, 03/01/2021 (S)		640,000		657,600
Target Corp.
6.500%, 10/15/2037		1,800,000		2,427,091
Time Warner Cable, Inc.
5.500%, 09/01/2041		750,000		771,971
6.550%, 05/01/2037		930,000		1,074,619
6.750%, 07/01/2018		1,775,000		2,185,259
8.250%, 04/01/2019		510,000		664,207
Time Warner Companies, Inc.
7.570%, 02/01/2024		1,716,000		2,303,934
Time Warner Entertainment Company LP
8.375%, 07/15/2033		1,520,000		2,103,796
Time Warner, Inc.
7.625%, 04/15/2031		451,000		610,958
Toys R Us Property Company II LLC
8.500%, 12/01/2017		240,000		253,500
Toys R Us, Inc.
10.375%, 08/15/2017		415,000		420,706
Viacom, Inc.
4.375%, 03/15/2043 (S)		1,142,000		1,056,923
6.125%, 10/05/2017		1,500,000		1,775,625
Visteon Corp.
6.750%, 04/15/2019		864,000		924,480
Waterford Gaming LLC
8.625%, 09/15/2014 (S)		566,734		245,803
Wok Acquisition Corp.
10.250%, 06/30/2020 (S)		600,000		642,000
Yum! Brands, Inc.
6.250%, 03/15/2018		715,000		855,847


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Consumer Discretionary (continued)
Yum! Brands, Inc. (continued)
6.875%, 11/15/2037	$	1,130,000	$	1,476,472

				60,825,502
Consumer Staples - 1.9%
Ajecorp BV
6.500%, 05/14/2022 (S)		825,000		889,350
Alliance One International, Inc.
10.000%, 07/15/2016		1,475,000		1,557,969
Anheuser-Busch Companies, Inc.
5.750%, 04/01/2036		1,000,000		1,223,940
6.500%, 02/01/2043		540,000		738,685
Bunge, Ltd. Finance Corp.
8.500%, 06/15/2019		800,000		1,031,722
ConAgra Foods, Inc.
3.200%, 01/25/2023		705,000		703,212
Corporacion Lindley SA
6.750%, 11/23/2021 (S)		300,000		345,450
Corporacion Pesquera Inca SAC
9.000%, 02/10/2017 (S)		585,000		594,360
CVS Pass-Through Trust
8.353%, 07/10/2031 (S)		1,238,541		1,685,770
Harbinger Group, Inc.
7.875%, 07/15/2019 (S)		950,000		1,002,250
Kraft Foods Group, Inc.
6.125%, 08/23/2018		817,000		994,165
Michael Foods Holding, Inc., PIK
8.500%, 07/15/2018 (S)		185,000		191,013
Mondelez International, Inc.
6.125%, 02/01/2018		288,000		345,562
Revlon Consumer Products Corp.
5.750%, 02/15/2021 (S)		670,000		672,513
Rite Aid Corp.
9.250%, 03/15/2020		1,495,000		1,687,481
SABMiller PLC
6.500%, 07/15/2018 (S)		1,715,000		2,103,427
Safeway, Inc.
5.000%, 08/15/2019		1,200,000		1,338,480
6.350%, 08/15/2017		820,000		957,380
7.250%, 02/01/2031		500,000		574,436
Simmons Foods, Inc.
10.500%, 11/01/2017 (S)		1,070,000		1,063,313
TESCO PLC
6.150%, 11/15/2037 (S)		900,000		1,116,652
The Kroger Company
7.000%, 05/01/2018		1,105,000		1,341,595
The Sun Products Corp.
7.750%, 03/15/2021 (S)		385,000		387,888
Tops Holding Corp.
8.875%, 12/15/2017 (S)		336,000		368,760
Vector Group, Ltd.
7.750%, 02/15/2021 (S)		435,000		457,838
YCC Holdings LLC, PIK
10.250%, 02/15/2016		765,000		788,906

				24,162,117
Energy - 4.7%
Afren PLC
10.250%, 04/08/2019 (S)		490,000		581,875
11.500%, 02/01/2016 (S)		400,000		474,000
Anadarko Petroleum Corp.
6.450%, 09/15/2036		2,750,000		3,384,846
Astoria Depositor Corp., Series B
8.144%, 05/01/2021 (S)		2,245,000		2,278,675

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Energy (continued)
BP Capital Markets PLC
4.750%, 03/10/2019	$	1,000,000	$	1,158,957
BreitBurn Energy Partners LP
7.875%, 04/15/2022		485,000		518,950
Cameron International Corp.
5.950%, 06/01/2041		1,178,000		1,434,197
CNOOC Finance 2003, Ltd.
5.500%, 05/21/2033 (S)		545,000		626,954
DCP Midstream LLC
9.750%, 03/15/2019 (S)		845,000		1,113,373
DCP Midstream Operating LP
3.875%, 03/15/2023		510,000		513,135
Devon Energy Corp.
4.000%, 07/15/2021		1,000,000		1,067,963
Devon Financing Corp. ULC
7.875%, 09/30/2031		874,000		1,186,675
El Paso Pipeline Partners Operating
Company LLC
5.000%, 10/01/2021		500,000		560,936
Enbridge Energy Partners LP
7.500%, 04/15/2038		600,000		760,229
Energy Transfer Partners LP
5.200%, 02/01/2022		345,000		387,590
6.625%, 10/15/2036		1,000,000		1,141,837
9.700%, 03/15/2019		860,000		1,159,818
Enersis SA
7.375%, 01/15/2014		633,000		660,934
Enterprise Products Operating LLC
6.650%, 04/15/2018		750,000		926,522
6.875%, 03/01/2033		471,000		597,590
Enterprise Products Operating LLC
(7.000% to 06/01/2017, then 3 month
LIBOR + 2.778%)
06/01/2067		1,235,000		1,333,800
EP Energy LLC
7.750%, 09/01/2022		460,000		508,300
EV Energy Partners LP
8.000%, 04/15/2019		725,000		764,875
Exterran Partners LP
6.000%, 04/01/2021 (S)		205,000		204,231
Goodrich Petroleum Corp.
8.875%, 03/15/2019		285,000		294,975
GS Caltex Corp.
5.500%, 08/25/2014 (S)		471,000		497,864
Halcon Resources Corp.
8.875%, 05/15/2021 (S)		315,000		339,413
Hess Corp.
5.600%, 02/15/2041		1,500,000		1,613,388
Kerr-McGee Corp.
6.950%, 07/01/2024		1,130,000		1,416,551
Kinder Morgan Energy Partners LP
4.150%, 03/01/2022		500,000		536,564
5.800%, 03/15/2035		402,000		452,699
7.300%, 08/15/2033		603,000		772,596
7.750%, 03/15/2032		285,000		381,568
Linn Energy LLC
6.250%, 11/01/2019 (S)		1,105,000		1,129,863
8.625%, 04/15/2020		380,000		418,950
Marathon Oil Corp.
6.800%, 03/15/2032		785,000		982,424
MarkWest Energy Partners LP
6.500%, 08/15/2021		569,000		614,520


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Energy (continued)
Newfield Exploration Company
5.750%, 01/30/2022	$	555,000	$	593,850
Nexen, Inc.
5.875%, 03/10/2035		598,000		723,282
6.400%, 05/15/2037		775,000		1,002,669
Noble Holding International, Ltd.
4.900%, 08/01/2020		1,000,000		1,109,531
5.250%, 03/15/2042		500,000		503,780
NuStar Logistics LP
4.750%, 02/01/2022		1,000,000		971,842
8.150%, 04/15/2018		551,000		630,672
Offshore Group Investment, Ltd.
7.125%, 04/01/2023 (S)		560,000		571,478
ONEOK Partners LP
6.650%, 10/01/2036		1,435,000		1,726,614
Pacific Rubiales Energy Corp.
5.125%, 03/28/2023 (S)		500,000		504,184
Petro-Canada
6.050%, 05/15/2018		1,445,000		1,741,911
Petroleos de Venezuela SA
5.375%, 04/12/2027		930,000		641,700
Petroleos Mexicanos
4.875%, 01/24/2022		530,000		586,975
Precision Drilling Corp.
6.625%, 11/15/2020		550,000		587,125
Rex Energy Corp.
8.875%, 12/01/2020 (S)		405,000		429,300
Rowan Companies, Inc.
4.875%, 06/01/2022		750,000		815,779
5.400%, 12/01/2042		1,300,000		1,300,104
Spectra Energy Capital LLC
6.750%, 02/15/2032		589,000		695,580
Sunoco Logistics Partners Operations LP
3.450%, 01/15/2023		1,080,000		1,069,332
Talisman Energy, Inc.
6.250%, 02/01/2038		1,025,000		1,159,849
Targa Resources Partners LP
6.375%, 08/01/2022		485,000		529,863
TransCanada Pipelines, Ltd. (6.350% to
05/15/2017, then 3 month
LIBOR + 2.210%)
05/15/2067		1,260,000		1,344,562
Transocean, Inc.
6.000%, 03/15/2018		1,000,000		1,133,094
6.800%, 03/15/2038		2,100,000		2,316,136
Trinidad Drilling, Ltd.
7.875%, 01/15/2019 (S)		435,000		471,975
Weatherford International, Ltd.
6.500%, 08/01/2036		600,000		645,316
Williams Partners LP
5.250%, 03/15/2020		1,350,000		1,539,254
WPX Energy, Inc.
6.000%, 01/15/2022		590,000		618,025

				58,761,419
Financials - 16.7%
Abbey National Treasury Services PLC
4.000%, 04/27/2016		1,230,000		1,308,058
Aflac, Inc.
8.500%, 05/15/2019		780,000		1,054,702
Alfa Bank OJSC
7.750%, 04/28/2021 (S)		270,000		301,725
Allied World Assurance Company, Ltd.
7.500%, 08/01/2016		505,000		600,605

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
American Campus Communities
Operating Partnership LP
3.750%, 04/15/2023	$	750,000	$	754,907
American Express Bank FSB
6.000%, 09/13/2017		1,585,000		1,893,179
American International Group, Inc.
6.250%, 03/15/2037		1,300,000		1,439,880
6.400%, 12/15/2020		1,500,000		1,858,721
8.250%, 08/15/2018		470,000		609,167
Aon PLC
4.250%, 12/12/2042 (S)		600,000		580,396
Aries Vermogensverwaltung GmbH
9.600%, 10/25/2014		750,000		852,000
Assurant, Inc.
4.000%, 03/15/2023		1,260,000		1,262,022
5.625%, 02/15/2014		461,000		479,428
AvalonBay Communities, Inc.
5.700%, 03/15/2017		1,500,000		1,740,419
AXA SA
8.600%, 12/15/2030		510,000		654,688
AXA SA (6.463% to 12/14/2018, then
3 month LIBOR + 1.449%)
12/14/2018 (Q)(S)		1,440,000		1,429,200
Banco de Credito del Peru
4.750%, 03/16/2016 (S)		455,000		489,125
Banco Santander Brasil SA
8.000%, 03/18/2016 (S)	BRL	1,400,000		699,047
Banco Santander Chile
5.375%, 12/09/2014 (S)	$	295,000		308,904
Bank of America Corp.
3.300%, 01/11/2023		575,000		567,407
3.625%, 03/17/2016		1,250,000		1,326,095
5.000%, 05/13/2021		2,485,000		2,787,154
5.650%, 05/01/2018		1,000,000		1,157,325
5.700%, 01/24/2022		1,500,000		1,758,131
6.500%, 08/01/2016		650,000		748,662
7.625%, 06/01/2019		1,065,000		1,353,537
Bank of America NA
5.300%, 03/15/2017		355,000		397,913
Bank of Ceylon
6.875%, 05/03/2017 (S)		550,000		577,500
Barclays Bank PLC
6.050%, 12/04/2017 (S)		1,305,000		1,455,169
10.179%, 06/12/2021 (S)		470,000		629,504
BB&T Corp.
3.200%, 03/15/2016		500,000		531,757
Boardwalk Pipelines LP
3.375%, 02/01/2023		850,000		834,873
Boston Properties LP
3.700%, 11/15/2018		1,413,000		1,550,139
BPCE SA (12.500% to 09/30/2019, then
3 month LIBOR + 12.980%)
09/30/2019 (Q)(S)		718,000		885,606
Brandywine Operating Partnership LP
7.500%, 05/15/2015		660,000		739,295
BRE Properties, Inc.
5.500%, 03/15/2017		1,506,000		1,705,525
Camden Property Trust
5.000%, 06/15/2015		804,000		867,458
Capital One Financial Corp.
3.150%, 07/15/2016		1,000,000		1,061,886
4.750%, 07/15/2021		1,795,000		2,026,612
6.750%, 09/15/2017		930,000		1,124,014


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
CBRE Services, Inc.
5.000%, 03/15/2023	$	310,000	$	313,488
Citigroup, Inc.
4.450%, 01/10/2017		1,350,000		1,486,783
4.500%, 01/14/2022		2,840,000		3,159,631
5.375%, 08/09/2020		1,500,000		1,757,097
CNA Financial Corp.
5.875%, 08/15/2020		570,000		671,384
6.500%, 08/15/2016		1,310,000		1,507,855
7.250%, 11/15/2023		1,035,000		1,318,435
CNO Financial Group, Inc.
6.375%, 10/01/2020 (S)		340,000		361,675
Corrections Corp. of America
4.625%, 05/01/2023 (S)		740,000		754,800
DDR Corp.
4.625%, 07/15/2022		195,000		211,077
7.500%, 04/01/2017		1,755,000		2,086,976
7.875%, 09/01/2020		255,000		324,394
Discover Bank
7.000%, 04/15/2020		525,000		653,868
Discover Financial Services
5.200%, 04/27/2022		1,120,000		1,260,316
Dresdner Bank AG
7.250%, 09/15/2015		627,000		677,957
DTEK Finance PLC
7.875%, 04/04/2018 (S)		840,000		826,413
Entertainment Properties Trust
7.750%, 07/15/2020		921,000		1,101,883
ERP Operating LP
5.125%, 03/15/2016		1,000,000		1,113,390
5.750%, 06/15/2017		1,730,000		2,022,405
First Horizon National Corp.
5.375%, 12/15/2015		810,000		881,123
General Electric Capital Corp.
0.770%, 08/15/2036 (P)		1,020,000		844,511
4.375%, 09/16/2020		615,000		687,195
5.875%, 01/14/2038		255,000		297,781
6.000%, 08/07/2019		1,530,000		1,858,525
General Electric Capital Corp. (7.125%
until 06/15/2022, then 3 month
LIBOR + 5.296%)
06/15/2022 (Q)		1,450,000		1,687,729
General Shopping Investments, Ltd.
(12.000% to 03/20/2017, then 5 Year
USGG + 11.052%)
03/20/2017 (Q)(S)		635,000		571,500
Glen Meadow Pass-Through Trust
(6.505% to 02/15/2017, then 3 month
LIBOR + 2.125%)
02/12/2067 (S)		1,640,000		1,566,200
Goodman Funding Pty, Ltd.
6.375%, 04/15/2021 (S)		1,210,000		1,401,259
Hartford Financial Services Group, Inc.
4.625%, 07/15/2013		417,000		421,809
5.500%, 03/30/2020		1,405,000		1,639,511
6.000%, 01/15/2019		193,000		230,359
6.625%, 03/30/2040		500,000		640,056
HBOS PLC
6.000%, 11/01/2033 (S)		990,000		948,222
Health Care REIT, Inc.
4.950%, 01/15/2021		335,000		372,653
6.000%, 11/15/2013		755,000		778,909
6.125%, 04/15/2020		1,295,000		1,531,857

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
Health Care REIT, Inc. (continued)
6.200%, 06/01/2016	$	625,000	$	712,202
Healthcare Realty Trust, Inc.
5.750%, 01/15/2021		1,000,000		1,140,382
6.500%, 01/17/2017		875,000		1,007,407
Highwoods Realty LP
5.850%, 03/15/2017		1,250,000		1,402,798
Host Hotels & Resorts LP
3.750%, 10/15/2023		360,000		361,408
5.250%, 03/15/2022		775,000		860,250
ICICI Bank, Ltd.
4.700%, 02/21/2018 (S)		955,000		1,008,414
5.750%, 11/16/2020 (S)		595,000		655,389
Intercorp Retail Trust
8.875%, 11/14/2018 (S)		385,000		438,419
International Lease Finance Corp.
7.125%, 09/01/2018 (S)		545,000		640,375
Invesco Finance PLC
3.125%, 11/30/2022		850,000		868,142
iPayment, Inc.
10.250%, 05/15/2018		980,000		906,500
Jefferies Group, Inc.
5.125%, 04/13/2018		600,000		654,000
6.875%, 04/15/2021		1,065,000		1,243,217
8.500%, 07/15/2019		740,000		921,233
Jones Lang Lasalle, Inc.
4.400%, 11/15/2022		290,000		298,529
JPMorgan Chase & Company
4.500%, 01/24/2022		1,300,000		1,425,637
4.625%, 05/10/2021		2,020,000		2,259,132
6.300%, 04/23/2019		1,000,000		1,222,042
JPMorgan Chase & Company (7.900% to
04/30/2018, then 3 month
LIBOR + 3.470%)
04/30/2018 (Q)		1,005,000		1,155,113
Kazkommertsbank JSC
8.500%, 04/16/2013		350,000		350,175
Kimco Realty Corp.
6.875%, 10/01/2019		755,000		957,317
Liberty Mutual Group, Inc.
5.000%, 06/01/2021 (S)		1,470,000		1,614,345
7.800%, 03/15/2037 (S)		1,220,000		1,421,300
Liberty Property LP
5.500%, 12/15/2016		1,500,000		1,695,974
Lincoln National Corp.
6.250%, 02/15/2020		1,000,000		1,210,643
8.750%, 07/01/2019		720,000		976,386
Lincoln National Corp. (6.050% to
04/20/2017, then 3 month
LIBOR + 2.040%)
04/20/2067		2,002,000		2,012,010
Lincoln National Corp. (7.000% to
05/17/2016, then 3 month
LIBOR + 2.358%)
05/17/2066		305,000		312,625
Macquarie Bank, Ltd.
6.625%, 04/07/2021 (S)		485,000		542,265
Macquarie Group, Ltd.
6.000%, 01/14/2020 (S)		570,000		625,663
Markel Corp.
5.000%, 03/30/2043		1,270,000		1,272,062
5.350%, 06/01/2021		1,500,000		1,713,752


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
Merrill Lynch & Company, Inc.
6.875%, 04/25/2018	$	1,350,000	$	1,630,190
7.750%, 05/14/2038		510,000		680,676
MetLife, Inc.
6.400%, 12/15/2036		705,000		772,166
Metropolitan Life Global Funding I
3.650%, 06/14/2018 (S)		1,500,000		1,645,272
Montpelier Re Holdings, Ltd.
4.700%, 10/15/2022		1,080,000		1,109,224
Moody’s Corp.
4.500%, 09/01/2022		580,000		598,133
Morgan Stanley
3.750%, 02/25/2023		1,250,000		1,264,418
5.500%, 07/28/2021		1,250,000		1,433,886
5.550%, 04/27/2017		1,580,000		1,787,100
5.750%, 01/25/2021		2,540,000		2,936,888
5.950%, 12/28/2017		1,265,000		1,465,165
6.375%, 07/24/2042		920,000		1,107,106
6.625%, 04/01/2018		470,000		562,083
7.300%, 05/13/2019		950,000		1,176,204
MPT Operating Partnership LP
6.375%, 02/15/2022		670,000		720,250
6.875%, 05/01/2021		475,000		515,375
NANA Development Corp.
9.500%, 03/15/2019 (S)		560,000		567,000
Nationstar Mortgage LLC
7.875%, 10/01/2020 (S)		2,020,000		2,232,100
9.625%, 05/01/2019 (S)		680,000		777,725
10.875%, 04/01/2015		1,085,000		1,151,456
Nationwide Mutual Insurance Company
(5.810% to 12/15/2014, then 3 month
LIBOR + 2.290%)
12/15/2024 (S)		1,130,000		1,127,175
Nelnet, Inc.
3.659%, 09/29/2036 (P)		630,000		467,775
Nippon Life Insurance Company
5.000%, 10/18/2042 (P)(S)		645,000		659,363
Nordea Bank AB
3.125%, 03/20/2017 (S)		1,300,000		1,375,134
Oil Casualty Insurance, Ltd.
8.000%, 09/15/2034 (S)		1,127,000		1,293,886
Onex USI Aquisition Corp.
7.750%, 01/15/2021 (S)		840,000		842,100
Pacific LifeCorp.
6.000%, 02/10/2020 (S)		415,000		479,074
PNC Financial Services Group, Inc.
2.854%, 11/09/2022		1,720,000		1,704,838
ProLogis International Funding II
4.875%, 02/15/2020 (S)		390,000		400,149
ProLogis LP
4.500%, 08/15/2017		145,000		159,476
6.250%, 03/15/2017		1,992,000		2,302,537
7.625%, 08/15/2014		1,041,000		1,125,333
Prudential Financial, Inc.
5.200%, 03/15/2044 (P)		250,000		251,066
Prudential Financial, Inc. (5.875% to
09/15/2022, then 3 month
LIBOR + 4.175%)
09/15/2042		935,000		995,775
Rabobank Nederland NV
3.950%, 11/09/2022		400,000		403,024

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (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)	$	1,152,000	$	1,540,800
Realogy Corp.
7.875%, 02/15/2019 (S)		460,000		503,700
Realty Income Corp.
3.250%, 10/15/2022		1,730,000		1,695,182
5.375%, 09/15/2017		1,250,000		1,443,455
5.950%, 09/15/2016		530,000		608,022
Regions Financial Corp.
7.750%, 11/10/2014		515,000		567,777
Royal Bank of Scotland Group PLC
6.125%, 12/15/2022		825,000		853,857
Santander Holdings USA, Inc.
4.625%, 04/19/2016		240,000		256,672
Sberbank of Russia
6.125%, 02/07/2022 (S)		500,000		558,750
SL Green Realty Corp.
7.750%, 03/15/2020		1,165,000		1,430,940
SPL Logistics Escrow LLC
8.875%, 08/01/2020 (S)		456,000		484,500
Swedbank AB
2.125%, 09/29/2017 (S)		975,000		987,129
Symetra Financial Corp.
6.125%, 04/01/2016 (S)		1,650,000		1,829,038
Synovus Financial Corp.
7.875%, 02/15/2019		395,000		448,325
Teachers Insurance & Annuity Association
of America
6.850%, 12/16/2039 (S)		990,000		1,323,086
The Bear Stearns Companies LLC
7.250%, 02/01/2018		455,000		565,697
The Charles Schwab Corp. (7.000% to
02/01/2022, then 3 month
LIBOR + 4.820%)
02/01/2022 (Q)		1,000,000		1,164,257
The Chubb Corp. (6.375% until
04/15/2017, then 3 month
LIBOR + 2.250%)
03/29/2067		1,215,000		1,334,981
The Chuo Mitsui Trust & Banking
Company, Ltd. (5.506% to 02/01/2022,
then 3 month LIBOR + 2.490%)
02/01/2022 (Q)(S)		960,000		1,002,247
The Goldman Sachs Group, Inc.
5.250%, 07/27/2021		2,410,000		2,732,376
5.750%, 01/24/2022		3,060,000		3,560,197
5.950%, 01/18/2018		725,000		845,638
6.150%, 04/01/2018		1,000,000		1,178,883
6.750%, 10/01/2037		1,250,000		1,402,679
The Hanover Insurance Group, Inc.
6.375%, 06/15/2021		285,000		329,316
Transatlantic Holdings, Inc.
5.750%, 12/14/2015		1,555,000		1,722,646
UBS AG
7.625%, 08/17/2022		935,000		1,045,467
Unum Group
7.125%, 09/30/2016		635,000		748,911
UnumProvident Finance Company PLC
6.850%, 11/15/2015 (S)		955,000		1,076,500
USB Realty Corp.
1.451%, 01/15/2017 (Q)(S)		1,310,000		1,134,788


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
Ventas Realty LP
2.700%, 04/01/2020	$	495,000	$	497,040
4.000%, 04/30/2019		715,000		780,715
4.750%, 06/01/2021		1,350,000		1,501,207
Vornado Realty LP
4.250%, 04/01/2015		1,000,000		1,056,958
5.000%, 01/15/2022		1,250,000		1,385,678
VTB Bank OJSC (9.500% to 12/06/2022,
then 10 Year U.S. Treasury + 8.067%)
12/06/2022 (Q)(S)		700,000		747,250
W.R. Berkley Corp.
6.150%, 08/15/2019		699,000		808,396
Wachovia Bank NA
5.850%, 02/01/2037		700,000		847,799
WEA Finance LLC
4.625%, 05/10/2021 (S)		1,000,000		1,116,093
6.750%, 09/02/2019 (S)		580,000		717,664
Weingarten Realty Investors
3.375%, 10/15/2022		2,050,000		2,037,602
Wells Fargo & Company, Series K
(7.980% to 03/15/2018, then 3 month
LIBOR + 3.770%)
03/15/2018 (Q)		1,447,000		1,669,476
Weyerhaeuser Company
7.375%, 03/15/2032		1,255,000		1,590,467
White Mountains Re Group, Ltd. (7.506%
to 06/30/2017, then 3 month
LIBOR + 3.200%)
06/30/2017 (Q)(S)		2,425,000		2,567,668
Willis Group Holdings PLC
5.750%, 03/15/2021		1,350,000		1,516,340
WR Berkley Corp.
5.375%, 09/15/2020		600,000		677,400
XL Group PLC, Series E (6.500% to
04/15/2017, then 3 month
LIBOR + 2.458%)
04/15/2017 (Q)		1,612,000		1,575,730
Xstrata Finance Canada, Ltd.
4.000%, 10/25/2022 (S)		1,350,000		1,360,661

				208,804,949
Health Care - 1.2%
AbbVie, Inc.
2.900%, 11/06/2022 (S)		995,000		996,643
Alere, Inc.
7.250%, 07/01/2018 (S)		690,000		733,125
8.625%, 10/01/2018		455,000		483,438
BioScrip, Inc.
10.250%, 10/01/2015		455,000		480,025
Catalent Pharma Solutions, Inc.
7.875%, 10/15/2018 (S)		300,000		304,125
9.500%, 04/15/2015		168,919		168,074
Cigna Corp.
4.500%, 03/15/2021		1,100,000		1,230,776
DJO Finance LLC
9.875%, 04/15/2018		175,000		192,063
Endo Health Solutions, Inc.
7.250%, 01/15/2022		885,000		951,375
HCA, Inc.
7.500%, 02/15/2022		755,000		868,250
Medco Health Solutions, Inc.
7.125%, 03/15/2018		925,000		1,145,132
MModal, Inc.
10.750%, 08/15/2020 (S)		600,000		516,000

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Health Care (continued)
Mylan, Inc.
7.875%, 07/15/2020 (S)	$	1,150,000	$	1,342,211
National Mentor Holdings, Inc.
12.500%, 02/15/2018 (S)		910,000		982,800
Teva Pharmaceutical Finance
Company LLC
6.150%, 02/01/2036		1,680,000		2,138,055
UnitedHealth Group, Inc.
5.800%, 03/15/2036		540,000		642,490
WellPoint, Inc.
6.375%, 06/15/2037		1,000,000		1,232,338
Zoetis, Inc.
3.250%, 02/01/2023 (S)		455,000		461,748

				14,868,668
Industrials - 4.0%
Aeropuertos Dominicanos Siglo XXI SA
9.250%, 11/13/2019 (S)		650,000		706,875
Air Lease Corp.
4.500%, 01/15/2016		190,000		197,125
6.125%, 04/01/2017		400,000		433,000
Aircastle, Ltd.
6.250%, 12/01/2019		510,000		557,175
6.750%, 04/15/2017		375,000		412,500
7.625%, 04/15/2020		290,000		335,675
America West Airlines 2000-1 Pass
Through Trust
8.057%, 07/02/2020		469,876		523,912
American Airlines 2011-1 Class B Pass
Through Trust
7.000%, 01/31/2018 (S)		1,649,839		1,732,331
BC Mountain LLC
7.000%, 02/01/2021 (S)		250,000		265,000
Bombardier, Inc.
7.750%, 03/15/2020 (S)		435,000		500,250
Casella Waste Systems, Inc.
7.750%, 02/15/2019		870,000		828,675
Coleman Cable, Inc.
9.000%, 02/15/2018		515,000		557,488
Continental Airlines 1997-4 Class A Pass
Through Trust
6.900%, 01/02/2018		654,013		709,604
Continental Airlines 1998-1 Class A Pass
Through Trust
6.648%, 09/15/2017		340,389		363,365
Continental Airlines 1999-1 Class A Pass
Through Trust
6.545%, 02/02/2019		275,835		304,797
Continental Airlines 2000-2 Class B Pass
Through Trust
8.307%, 04/02/2018		235,663		255,105
Continental Airlines 2007-1 Class A Pass
Through Trust
5.983%, 04/19/2022		925,903		1,053,214
Continental Airlines 2010-1 Class A Pass
Through Trust
4.750%, 01/12/2021		226,182		248,235
Continental Airlines 2012-1 Class B Pass
Through Trust
6.250%, 04/11/2020		450,000		472,500
CSX Corp.
7.375%, 02/01/2019		1,540,000		1,964,399


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Industrials (continued)
Delta Air Lines 2002-1 Class G-1 Pass
Through Trust
6.718%, 01/02/2023	$	1,374,540	$	1,529,176
Delta Air Lines 2007-1 Class A Pass
Through Trust
6.821%, 08/10/2022		1,214,447		1,375,362
Delta Air Lines 2010-1 Class A Pass
Through Trust
6.200%, 07/02/2018		313,777		357,706
Delta Air Lines 2011-1 Class A Pass
Through Trust
5.300%, 04/15/2019		614,323		678,827
Ducommun, Inc.
9.750%, 07/15/2018		180,000		198,000
Embraer Overseas, Ltd.
6.375%, 01/15/2020		590,000		682,217
Empresas ICA SAB de CV
8.375%, 07/24/2017 (S)		275,000		294,250
Garda World Security Corp.
9.750%, 03/15/2017 (S)		225,000		241,313
General Electric Company
2.700%, 10/09/2022		1,100,000		1,100,915
4.125%, 10/09/2042		460,000		462,034
Huntington Ingalls Industries, Inc.
7.125%, 03/15/2021		595,000		647,063
Iron Mountain, Inc.
5.750%, 08/15/2024		680,000		679,150
Kratos Defense & Security Solutions, Inc.
10.000%, 06/01/2017		820,000		902,000
Masco Corp.
7.125%, 03/15/2020		580,000		677,443
Navios South American Logistics, Inc.
9.250%, 04/15/2019		945,000		1,015,875
Northwest Airlines 2002-1 Class G-2 Pass
Through Trust
6.264%, 11/20/2021		185,326		196,446
Northwest Airlines 2007-1 Class A Pass
Through Trust
7.027%, 11/01/2019		324,500		366,685
Odebrecht Finance, Ltd.
6.000%, 04/05/2023 (S)		456,000		510,720
7.125%, 06/26/2042 (S)		1,035,000		1,172,138
7.500%, 09/14/2015 (Q)(S)		365,000		388,725
Owens Corning
4.200%, 12/15/2022		915,000		936,468
Penske Truck Leasing Company LP
2.875%, 07/17/2018 (S)		940,000		958,981
3.750%, 05/11/2017 (S)		935,000		1,002,036
Ply Gem Industries, Inc.
9.375%, 04/15/2017		185,000		203,500
Steelcase, Inc.
6.375%, 02/15/2021		930,000		1,028,766
Tenedora Nemak SA de CV
5.500%, 02/28/2023 (S)		475,000		480,938
Textron Financial Corp. (6.000% to
02/15/2017, then 3 month
LIBOR + 1.735%)
02/15/2067 (S)		3,275,000		2,963,875
Textron, Inc.
5.600%, 12/01/2017		795,000		896,980
7.250%, 10/01/2019		545,000		660,306
The Dun & Bradstreet Corp.
4.375%, 12/01/2022		1,300,000		1,322,585

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Industrials (continued)
The Hertz Corp.
6.750%, 04/15/2019	$	1,170,000	$	1,276,763
The Kenan Advantage Group, Inc.
8.375%, 12/15/2018 (S)		800,000		840,000
Tutor Perini Corp.
7.625%, 11/01/2018		890,000		934,500
Tyco Electronics Group SA
4.875%, 01/15/2021		500,000		555,456
6.550%, 10/01/2017		945,000		1,130,513
UAL 2007-1 Class C Pass Through Trust
2.758%, 07/02/2014 (P)		1,852,169		1,833,648
UAL 2009-1 Pass Through Trust
10.400%, 11/01/2016		209,802		241,272
UAL 2009-2A Pass Through Trust
9.750%, 01/15/2017		586,552		680,400
Union Pacific Corp.
4.163%, 07/15/2022		1,137,000		1,281,200
US Airways 2010-1 Class A Pass
Through Trust
6.250%, 04/22/2023		623,183		691,733
US Airways 2012-1 Class A Pass
Through Trust
5.900%, 10/01/2024		345,000		385,538
US Airways 2012-2 Class A Pass
Through Trust
4.625%, 06/03/2025		1,055,000		1,099,838
Voto-Votorantim Overseas Trading
Operations NV
6.625%, 09/25/2019 (S)		800,000		920,000
Voto-Votorantim, Ltd.
6.750%, 04/05/2021 (S)		880,000		1,018,600
Waste Management, Inc.
7.750%, 05/15/2032		625,000		869,661

				50,110,827
Information Technology - 0.4%
Aspect Software, Inc.
10.625%, 05/15/2017		750,000		750,000
Brightstar Corp.
9.500%, 12/01/2016 (S)		1,175,000		1,257,250
Computer Sciences Corp.
4.450%, 09/15/2022		530,000		562,316
Global Generations Merger Sub, Inc.
11.000%, 12/15/2020 (S)		680,000		737,800
XLIT, Ltd.
5.750%, 10/01/2021		1,000,000		1,188,354

				4,495,720
Materials - 2.8%
Alcoa, Inc.
5.720%, 02/23/2019		560,000		602,613
Allegheny Technologies, Inc.
5.950%, 01/15/2021		300,000		335,583
9.375%, 06/01/2019		1,610,000		2,073,688
American Gilsonite Company
11.500%, 09/01/2017 (S)		980,000		1,041,250
ArcelorMittal
6.125%, 06/01/2018		530,000		572,654
6.750%, 02/25/2022 (L)		1,000,000		1,093,528
10.350%, 06/01/2019		580,000		732,771
ARD Finance SA, PIK
11.125%, 06/01/2018 (S)		680,878		742,157
Braskem Finance, Ltd.
7.000%, 05/07/2020 (S)		1,335,000		1,505,880


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Materials (continued)
CF Industries, Inc.
7.125%, 05/01/2020	$	1,315,000	$	1,630,132
Commercial Metals Company
7.350%, 08/15/2018		645,000		715,950
Consolidated Container Company LLC
10.125%, 07/15/2020 (S)		755,000		826,725
Corporacion Nacional del Cobre de Chile
5.500%, 10/15/2013 (S)		481,000		491,450
Eastman Chemical Company
4.500%, 01/15/2021		1,000,000		1,107,052
Edgen Murray Corp.
8.750%, 11/01/2020 (S)		700,000		728,000
EuroChem Mineral & Chemical Company
OJSC
5.125%, 12/12/2017 (S)		375,000		380,625
FMG Resources August 2006 Pty, Ltd.
6.875%, 02/01/2018 to 04/01/2022 (S)		1,230,000		1,290,413
8.250%, 11/01/2019 (S)		335,000		361,381
Georgia-Pacific LLC
5.400%, 11/01/2020 (S)		945,000		1,118,773
7.250%, 06/01/2028		345,000		453,828
Incitec Pivot Finance LLC
6.000%, 12/10/2019 (S)		330,000		383,157
International Paper Company
9.375%, 05/15/2019		620,000		852,501
JMC Steel Group
8.250%, 03/15/2018 (S)		225,000		238,500
LyondellBasell Industries NV
5.000%, 04/15/2019		475,000		536,750
Magnesita Finance, Ltd.
8.625%, 04/05/2017 (Q)(S)		840,000		890,515
Metinvest BV
8.750%, 02/14/2018 (S)		870,000		890,010
OJSC Novolipetsk Steel
4.450%, 02/19/2018 (S)		325,000		324,188
Polymer Group, Inc.
7.750%, 02/01/2019		210,000		228,900
Pretium Packaging LLC
11.500%, 04/01/2016		290,000		314,650
Rain CII Carbon LLC
8.000%, 12/01/2018 (S)		415,000		438,863
8.250%, 01/15/2021 (S)		400,000		432,000
Rio Tinto Alcan, Inc.
5.000%, 06/01/2015		339,000		366,804
Rock-Tenn Company
4.000%, 03/01/2023		1,000,000		1,017,985
Severstal Columbus LLC
10.250%, 02/15/2018		180,000		194,850
Southern Copper Corp.
5.250%, 11/08/2042		850,000		806,130
SunCoke Energy, Inc.
7.625%, 08/01/2019		490,000		526,750
Tekni-Plex, Inc.
9.750%, 06/01/2019 (S)		811,000		896,155
The Dow Chemical Company
3.000%, 11/15/2022		1,270,000		1,249,089
4.125%, 11/15/2021		1,000,000		1,071,224
Thompson Creek Metals Company, Inc.
7.375%, 06/01/2018		825,000		676,500
Valspar Corp.
4.200%, 01/15/2022		1,000,000		1,088,960
Vulcan Materials Company
7.500%, 06/15/2021		225,000		264,938

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Materials (continued)
Walter Energy, Inc.
9.875%, 12/15/2020 (S)	$	670,000	$	726,950
Westvaco Corp.
7.950%, 02/15/2031		1,315,000		1,606,933
Xstrata Canada Financial Corp.
3.600%, 01/15/2017 (S)		700,000		736,576
4.950%, 11/15/2021 (S)		900,000		968,558

				35,532,889
Telecommunication Services - 2.4%
American Tower Corp.
4.700%, 03/15/2022		805,000		875,438
5.900%, 11/01/2021		1,500,000		1,758,657
AT&T, Inc.
4.350%, 06/15/2045 (S)		285,000		265,433
5.350%, 09/01/2040		580,000		621,943
BellSouth Corp.
6.550%, 06/15/2034		1,580,000		1,870,263
CenturyLink, Inc.
5.625%, 04/01/2020		290,000		296,678
5.800%, 03/15/2022		965,000		977,671
6.450%, 06/15/2021		675,000		715,911
7.600%, 09/15/2039		1,630,000		1,583,036
7.650%, 03/15/2042		1,000,000		967,456
Clearwire Communications LLC
12.000%, 12/01/2015 (S)		620,000		668,825
Crown Castle Towers LLC
4.883%, 08/15/2020 (S)		1,295,000		1,491,792
6.113%, 01/15/2020 (S)		1,320,000		1,616,081
Deutsche Telekom International
Finance BV
8.750%, 06/15/2030		1,358,000		1,925,120
Digicel Group, Ltd.
8.250%, 09/30/2020 (S)		475,000		503,500
Digicel, Ltd.
7.000%, 02/15/2020 (S)		300,000		313,500
Embarq Corp.
7.995%, 06/01/2036		1,092,000		1,150,923
GTP Acquisition Partners I LLC
7.628%, 06/15/2016 (S)		1,530,000		1,700,353
Intelsat Luxembourg SA
7.750%, 06/01/2021 (S)		615,000		624,994
MetroPCS Wireless, Inc.
6.250%, 04/01/2021 (S)		375,000		381,563
Oi SA
9.750%, 09/15/2016 (S)	BRL	2,010,000		1,031,981
PAETEC Holding Corp.
9.875%, 12/01/2018	$	436,000		500,310
SBA Tower Trust
2.933%, 12/15/2017 (S)		855,000		893,307
5.101%, 04/17/2017 (S)		775,000		871,894
Sprint Capital Corp.
6.875%, 11/15/2028		750,000		766,875
Telecom Italia Capital SA
6.999%, 06/04/2018		675,000		762,090
7.200%, 07/18/2036		670,000		668,471
Verizon Communications, Inc.
6.900%, 04/15/2038		1,715,000		2,201,004
Verizon New York, Inc.
7.000%, 12/01/2033		500,000		514,820
West Corp.
11.000%, 10/15/2016 (L)		775,000		807,938

				29,327,827


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Utilities - 2.6%
Appalachian Power Company
5.800%, 10/01/2035	$	1,961,000	$	2,307,285
Arizona Public Service Company
5.500%, 09/01/2035		1,118,000		1,315,241
Beaver Valley II Funding
9.000%, 06/01/2017		957,000		969,859
BVPS II Funding Corp.
8.890%, 06/01/2017		552,000		602,179
CenterPoint Energy Houston Electric LLC
6.950%, 03/15/2033		535,000		748,754
CMS Energy Corp.
5.050%, 03/15/2022		1,375,000		1,583,779
Commonwealth Edison Company
5.800%, 03/15/2018		585,000		704,725
DPL, Inc.
7.250%, 10/15/2021		1,110,000		1,176,600
Electricite de France SA
5.250%, 01/29/2023 (Q)(S)		400,000		397,648
Entergy Corp.
4.700%, 01/15/2017		1,000,000		1,092,340
Exelon Generation Company LLC
5.600%, 06/15/2042		471,000		511,136
6.250%, 10/01/2039		430,000		500,106
FirstEnergy Corp.
4.250%, 03/15/2023		1,190,000		1,204,416
Integrys Energy Group, Inc. (6.110% to
12/01/2016, then 3 month
LIBOR + 2.120%)
12/01/2066		1,328,000		1,407,680
Ipalco Enterprises, Inc.
5.000%, 05/01/2018		785,000		847,800
Israel Electric Corp., Ltd.
7.250%, 01/15/2019 (S)		1,020,000		1,171,689
Michigan Consolidated Gas Company
5.700%, 03/15/2033		736,000		854,769
NextEra Energy Capital Holdings, Inc.
(6.650% to 06/15/2017, then 3 month
LIBOR + 2.125%)
06/15/2067		410,000		439,725
NiSource Finance Corp.
6.400%, 03/15/2018		1,672,000		2,008,751
NRG Energy, Inc.
7.625%, 01/15/2018		880,000		1,001,000
8.250%, 09/01/2020		730,000		823,988
Oncor Electric Delivery Company LLC
4.100%, 06/01/2022		1,350,000		1,473,791
PNM Resources, Inc.
9.250%, 05/15/2015		964,000		1,100,165
PPL Capital Funding, Inc.
3.500%, 12/01/2022		1,170,000		1,179,500
PPL Capital Funding, Inc. (6.700% to
03/30/2017, then 3 month
LIBOR + 2.665%)
03/30/2067		605,000		642,813
PPL Energy Supply LLC
6.500%, 05/01/2018		1,000,000		1,184,633
PSEG Power LLC
8.625%, 04/15/2031		736,000		1,070,970
Salton Sea Funding Corp., Series F
7.475%, 11/30/2018		507,422		532,917

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Utilities (continued)
Southern California Edison Company
(6.250% to 02/01/2022, then 3 month
LIBOR + 4.199%)
02/01/2022 (Q)	$	660,000	$	727,610
SPI Electricity & Gas Australia
Holdings Pty, Ltd.
6.150%, 11/15/2013 (S)		798,000		817,222
TransAlta Corp.
6.650%, 05/15/2018		1,157,000		1,356,183
W3A Funding Corp.
8.090%, 01/02/2017		309,262		318,375
Wisconsin Energy Corp. (6.250% to
05/15/2017, then 3 month
LIBOR + 2.113%)
05/15/2067		735,000		797,843

				32,871,492

TOTAL CORPORATE BONDS (Cost $471,628,747)			$	519,761,410


CAPITAL PREFERRED SECURITIES - 0.9%
Financials - 0.9%
Allfirst Preferred Capital Trust
1.804%, 07/15/2029 (P)		1,025,000		850,750
Fifth Third Capital Trust IV (6.500% to
04/15/2017 then 3 month
LIBOR + 1.368%)
04/15/2037		1,375,000		1,378,438
HSBC Finance Capital Trust IX (5.911%
to 11/30/2015, then 3 month
LIBOR + 1.926%)
11/30/2035		1,350,000		1,360,125
MetLife Capital Trust X (9.250% to
04/08/2033, then 3 month
LIBOR + 5.540%)
04/08/2038 (S)		650,000		906,750
PNC Financial Services Group, Inc.
(6.750% to 08/01/2021, then 3 month
LIBOR + 3.678%)
08/01/2021 (L)(Q)		245,000		280,777
Regions Financing Trust II (6.625% to
05/15/2027, then 3 month
LIBOR + 1.290%)
05/15/2047		530,000		530,663
Sovereign Capital Trust VI
7.908%, 06/13/2036		390,000		405,600
State Street Capital Trust IV
1.280%, 06/15/2037 (P)		1,685,000		1,354,319
SunTrust Preferred Capital I
4.000%, 06/03/2013 (Q)		425,000		365,500
USB Capital IX
3.500%, 04/15/2017 (Q)		1,745,000		1,618,662
ZFS Finance USA Trust II (6.450% to
06/15/2016, then 3 month
LIBOR + 2.000%)
12/15/2065 (S)		640,000		689,600
ZFS Finance USA Trust V
6.500%, 05/09/2037 (P)(S)		1,385,000		1,481,950

				11,223,134

TOTAL CAPITAL PREFERRED
SECURITIES (Cost $10,348,447)			$	11,223,134


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CONVERTIBLE BONDS - 0.0%
Consumer Discretionary - 0.0%
XM Satellite Radio, Inc.
7.000%, 12/01/2014 (S)	$	220,000	$	389,400

TOTAL CONVERTIBLE BONDS (Cost $237,588)			$	389,400


TERM LOANS (M) - 0.3%
Consumer Discretionary - 0.2%
CCM Merger, Inc. 6.000%, 03/01/2017		447,724		451,082
Kalispel Tribal Economic Authority
7.500%, 02/24/2017		1,443,463		1,454,289

				1,905,371
Financials - 0.0%
iStar Financial, Inc. 4.500%, 09/28/2017		229,865		231,110
Walter Investment Management Corp.
5.750%, 11/28/2017		341,250		346,625

				577,735
Industrials - 0.1%
Delta Air Lines, Inc. 5.250%, 10/18/2018		500,000		507,188
WP CPP Holdings LLC
4.753%, 12/27/2019		249,375		249,375

				756,563
Materials - 0.0%
Fortescue Metals Group Finance PTY, Ltd.
5.250%, 10/18/2017		547,250		553,113

TOTAL TERM LOANS (Cost $3,720,925)			$	3,792,782


MUNICIPAL BONDS - 0.3%
New Jersey State Turnpike Authority
7.414%, 01/01/2040		1,885,000		2,753,646
State of Illinois, GO 5.100%, 06/01/2033		570,000		563,114

TOTAL MUNICIPAL BONDS (Cost $2,580,337)			$	3,316,760


COLLATERALIZED MORTGAGE
OBLIGATIONS - 22.2%
Commercial & Residential - 16.3%
American Home Mortgage Assets LLC,
Series 2006-6, Class XP IO
2.062%, 12/25/2046		12,137,138		1,040,588
American Home
Mortgage Investment Trust
Series 2005-1, Class 1A1,
0.424%, 06/25/2045 (P)		1,576,861		1,424,407
Series 2004-4, Class 5A,
2.457%, 02/25/2045 (P)		1,446,292		1,417,476
Americold 2010 LLC Trust
Series 2010-ARTA, Class C,
6.811%, 01/14/2029 (S)		750,000		907,182
Series 2010-ARTA, Class D,
7.443%, 01/14/2029 (S)		2,850,000		3,466,945
Banc of America
Commercial Mortgage Trust, Inc.
Series 2005-5, Class XC IO,
0.092%, 10/10/2045 (S)		220,980,679		690,565
Series 2005-2, Class AJ,
4.953%, 07/10/2043 (P)		2,524,154		2,712,153
Series 2007-3, Class AMF,
5.317%, 06/10/2049		900,000		1,011,260
Series 2007-1, Class A3,
5.449%, 01/15/2049		773,064		790,670
Series 2007-2, Class A2,
5.619%, 04/10/2049 (P)		669,287		681,522

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial & Residential (continued)
Banc of America Commercial
Mortgage Trust, Inc. (continued)
Series 2007-3, Class AM,
5.623%, 06/10/2049 (P)	$	1,000,000	$	1,136,961
Series 2006-4, Class AM,
5.675%, 07/10/2046		1,590,000		1,797,462
Series 2006-2, Class AM,
5.763%, 05/10/2045 (P)		930,000		1,044,147
Series 2006-3, Class A4,
5.889%, 07/10/2044 (P)		1,630,000		1,835,898
Bayview Commercial Asset Trust,
Series 2008-1, Class A4
1.704%, 01/25/2038 (P)(S)		1,760,000		930,021
Bear Stearns Alt-A Trust
Series 2005-5, Class 1A4,
0.764%, 07/25/2035 (P)		1,216,037		1,121,714
Series 2004-12, Class 1A1,
0.904%, 01/25/2035 (P)		1,235,054		1,183,718
Bear Stearns Asset
Backed Securities Trust
Series 2004-AC5, Class A1,
5.250%, 10/25/2034		1,238,037		1,289,552
Series 2003-AC4, Class A,
5.500%, 09/25/2033		1,355,705		1,403,264
Bear Stearns Commercial Mortgage
Securities, Series 2007-PW17, Class AJ
5.893%, 06/11/2050 (P)		880,000		830,907
Bear Stearns Commercial
Mortgage Securities, Inc.
Series 2006-T24, Class X2 IO,
0.446%, 10/12/2041 (S)		99,367,208		273,856
Series 2004-T16, Class X1 IO,
0.770%, 02/13/2046 (S)		22,828,357		235,589
Series 2004-PWR5, Class X1 IO,
0.849%, 07/11/2042 (S)		22,404,911		279,613
Bear Stearns Mortgage Funding Trust,
Series 2006-AR4, Class A1
0.414%, 12/25/2036 (P)		1,283,517		777,041
Citigroup Commercial Mortgage Trust,
Series 2006-C4, Class A3
5.741%, 03/15/2049 (P)		1,764,000		1,984,784
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2005-CD1,
Class C 5.218%, 07/15/2044 (P)		400,000		404,372
Commercial Mortgage Pass
Through Certificates
Series 2012-CR5, Class XA IO,
1.948%, 12/10/2045		10,694,120		1,295,047
Series 2012-CR2, Class XA IO,
1.966%, 08/15/2045		16,686,220		2,101,980
Series 2012-LC4, Class XA IO,
2.521%, 12/10/2044 (S)		6,181,255		959,331
Series 2011-THL, Class A,
3.376%, 06/09/2028 (S)		1,897,164		1,909,611
Series 2012-LC4, Class B,
4.934%, 12/10/2044 (P)		730,000		822,763
Series 2012-LC4, Class C,
5.649%, 12/10/2044 (P)		1,475,000		1,698,401
Series 2007-C9, Class A4,
5.800%, 12/10/2049 (P)		2,050,000		2,402,854


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial & Residential (continued)
Countrywide Home Loan Mortgage
Pass Through Trust
Series 2004-HYB2, Class 4A,
2.593%, 07/20/2034 (P)	$	2,706,479	$	2,741,536
Series 2005-12, Class 2A5,
5.500%, 05/25/2035		131,312		131,515
Credit Suisse First Boston Mortgage
Securities Corp., Series 2005-C1,
Class AX IO 0.336%, 02/15/2038 (S)		39,658,417		211,260
Extended Stay America Trust
Series 2013-ESH5, Class C5,
2.675%, 12/05/2031 (S)		850,000		853,919
Series 2013-ESFL, Class DFL,
3.342%, 12/05/2031 (P)(S)		545,000		558,257
Series 2013-ESHM, Class M,
7.625%, 12/05/2019 (S)		800,000		851,025
Fontainebleau Miami Beach Trust
Series 2012-FBLU, Class C,
4.270%, 05/05/2027 (S)		1,795,000		1,876,613
Series 2012-FBLU, Class D,
5.007%, 05/05/2027 (S)		1,150,000		1,197,571
FREMF Mortgage Trust
Series 2011-K11, Class B,
4.421%, 12/25/2048 (P)(S)		875,000		944,882
Series 2011-K10, Class B,
4.597%, 11/25/2049 (P)(S)		1,000,000		1,093,180
G-FORCE LLC, Series 2005-RR2,
Class A4B 5.422%, 12/25/2039 (S)		2,060,000		266,811
GE Capital Commercial Mortgage Corp.
Series 2005-C1, Class XC IO,
0.541%, 06/10/2048 (S)		53,026,777		453,485
Series 2005-C3, Class A7A,
4.974%, 07/10/2045 (P)		2,500,000		2,707,458
GMAC Mortgage Corp. Loan Trust,
Series 2004-AR2, Class 3A
3.565%, 08/19/2034 (P)		1,810,043		1,752,579
Greenwich Capital Commercial
Funding Corp., Series 2006-GG7,
Class AM 5.866%, 07/10/2038 (P)		2,050,000		2,294,157
GS Mortgage Securities Corp. II
Series 2005-GG4, Class XC IO,
0.747%, 07/10/2039 (S)		71,318,499		926,784
Series 2013-KYO, Class D,
2.802%, 11/08/2029 (P)(S)		1,295,000		1,301,659
Series 2011-ALF, Class XA1 IO,
3.364%, 02/10/2021 (S)		14,239,459		217,864
Series 2011-ALF, Class D,
4.209%, 02/10/2021 (S)		1,500,000		1,513,350
Series 2013-GC10, Class C,
4.285%, 02/10/2046 (P)(S)		859,800		889,976
Series 2007-GG10, Class A4,
5.787%, 08/10/2045 (P)		2,000,000		2,289,078
GSR Mortgage Loan Trust
Series 2005-AR6, Class 3A1,
2.653%, 09/25/2035 (P)		955,103		937,886
Series 2004-9, Class B1,
3.210%, 08/25/2034 (P)		1,527,805		691,860
Harborview Mortgage Loan Trust
Series 2007-6, Class ES IO,
0.342%, 08/19/2037 (S)		25,477,862		180,893
Series 2007-3, Class ES IO,
0.350%, 05/19/2047		30,740,943		218,261

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial & Residential (continued)
Harborview Mortgage Loan Trust (continued)
Series 2007-4, Class ES IO,
0.350%, 07/19/2047	$	35,529,809	$	252,262
Series 2005-11, Class X IO,
2.082%, 08/19/2045		5,733,103		338,779
Series 2004-11, Class X1 IO,
2.110%, 01/19/2035		10,182,794		750,517
Series 2005-8, Class 1X IO,
2.252%, 09/19/2035		9,051,213		730,010
Series 2004-7, Class 2A3,
2.504%, 11/19/2034 (P)		408,221		351,918
IndyMac Index Mortgage Loan Trust
Series 2005-AR18, Class 2X IO,
1.675%, 10/25/2036		25,318,038		1,328,944
Series 2005-AR18, Class 1X IO,
2.029%, 10/25/2036		16,222,113		1,154,852
JPMorgan Chase Commercial
Mortgage Securities Corp.
Series 2006-LDP8, Class X IO,
0.538%, 05/15/2045		78,558,794		1,175,004
Series 2011-C3A, Class XA IO,
1.319%, 02/15/2046 (S)		26,942,871		1,520,629
Series 2012-HSBC Class XA IO,
1.431%, 07/05/2032 (S)		16,335,000		1,869,622
Series 2011-C4, Class XA IO,
1.586%, 07/15/2046 (S)		35,370,386		2,356,163
Series 2012-PHH, Class D,
3.471%, 10/15/2025 (P)(S)		595,000		602,747
Series 2005-LDP5, Class A4,
5.201%, 12/15/2044 (P)		5,990,000		6,565,759
Series 2005-LDP5, Class AM,
5.243%, 12/15/2044 (P)		4,225,000		4,676,002
Series 2007-LDPX, Class A2S,
5.305%, 01/15/2049		1,011,079		1,020,662
Series 2006-LDP9, Class A3,
5.336%, 05/15/2047		1,250,000		1,407,680
Series 2005-LDP5, Class G,
5.356%, 12/15/2044 (P)(S)		500,000		396,095
Series 2006-LDP9, Class AM,
5.372%, 05/15/2047		3,335,000		3,594,333
Series 2007-LDPX, Class A3,
5.420%, 01/15/2049		4,383,197		4,984,887
Series 2006-LDP8, Class AM,
5.440%, 05/15/2045		1,700,000		1,897,071
Series 2007-CB18, Class A4,
5.440%, 06/12/2047		2,290,000		2,598,071
Series 2006-LDP8, Class A3B,
5.447%, 05/15/2045		4,530,000		4,674,276
Series 2007-LDPX Class AM,
5.464%, 01/15/2049 (P)		3,970,000		4,237,264
Series 2006-LDP7, Class AM,
5.871%, 04/15/2045 (P)		1,685,000		1,908,333
Series 2007-LD12, Class AM,
6.001%, 02/15/2051 (P)		2,900,000		3,314,955
LB-UBS Commercial Mortgage Trust
Series 2005-C1, Class XCL IO,
0.811%, 02/15/2040 (S)		28,777,667		375,088
Series 2005-C2, Class AJ,
5.205%, 04/15/2030 (P)		1,000,000		1,055,683
Series 2006-C6, Class AM,
5.413%, 09/15/2039		2,180,000		2,457,645


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial & Residential (continued)
LB-UBS Commercial
Mortgage Trust (continued)
Series 2007-C2, Class A3,
5.430%, 02/15/2040	$	2,260,000	$	2,547,196
MASTR Adjustable Rate Mortgages Trust
Series 2004-13, Class 2A1,
2.671%, 04/21/2034 (P)		891,185		924,512
Series 2004-8, Class 5A1,
2.728%, 08/25/2034 (P)		2,103,074		2,094,697
MASTR Alternative Loans Trust,
Series 2004-4, Class 8A1
6.500%, 05/25/2034		879,358		938,452
Merrill Lynch Mortgage Investors Trust
Series 2005-A, Class A1,
0.664%, 03/25/2030 (P)		95,694		95,410
Series 2007-3, Class M1,
3.381%, 09/25/2037 (P)		373,980		196,323
Series 2007-3, Class M2,
3.381%, 09/25/2037 (P)		324,273		43,061
Series 2007-3, Class M3,
3.381%, 09/25/2037 (P)		100,222		3,148
Merrill Lynch Mortgage Trust
Series 2005-CIP1, Class XC IO,
0.110%, 07/12/2038 (S)		200,110,314		995,349
Series 2005-CIP1, Class XP IO,
0.182%, 07/12/2038		99,791,913		112,765
Series 2006-C2, Class X IO,
0.359%, 08/12/2043 (S)		88,382,219		889,037
Series 2008-C1, Class X IO,
0.445%, 02/12/2051 (S)		43,712,589		699,839
Series 2004-KEY2, Class A4,
4.864%, 08/12/2039 (P)		1,588,012		1,668,572
Series 2007-C1, Class AM,
5.850%, 06/12/2050 (P)		964,000		990,007
Merrill Lynch/Countrywide Commercial
Mortgage Trust, Series 2007-5,
Class AM 5.419%, 08/12/2048		1,760,000		1,905,740
ML-CFC Commercial Mortgage Trust,
Series 2007-6, Class AM
5.526%, 03/12/2051 (P)		1,500,000		1,565,937
Morgan Stanley Bank of America
Merrill Lynch Trust
Series 2013-C7, Class XA IO,
1.769%, 02/15/2046		8,727,559		986,179
Series 2012-C5, Class XA IO,
1.931%, 08/15/2045 (S)		15,374,994		1,704,349
Series 2012-C6, Class XA IO,
2.190%, 11/15/2045 (S)		11,936,974		1,500,752
Series 2013-C7, Class C,
4.190%, 02/15/2046 (P)		1,375,000		1,415,201
Morgan Stanley Capital I Trust
Series 2005-T17, Class X1 IO,
0.604%, 12/13/2041 (S)		57,870,824		539,067
Series 2005-IQ9, Class X1 IO,
1.077%, 07/15/2056 (S)		28,688,419		614,850
Series 2011-C3, Class XA IO,
1.377%, 07/15/2049 (S)		21,853,643		1,223,782
Series 2012-C4, Class AS,
3.773%, 03/15/2045		2,371,500		2,523,931
Series 2006-HQ10, Class AM,
5.360%, 11/12/2041		1,345,000		1,464,985

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (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 Trust (continued)
Series 2007-IQ13, Class A4,
5.364%, 03/15/2044	$	2,380,000	$	2,714,145
Series 2006-HQ8, Class AM,
5.470%, 03/12/2044 (P)		2,015,000		2,238,091
Series 2007-IQ14, Class AM,
5.663%, 04/15/2049 (P)		1,890,000		1,990,903
Series 2006-T23, Class A4,
5.819%, 08/12/2041 (P)		1,469,000		1,677,050
MortgageIT Trust, Series 2005-2,
Class 1A2 0.534%, 05/25/2035 (P)		1,177,327		1,094,466
Motel 6 Trust, Series 2012-MTL6,
Class D 3.781%, 10/05/2025 (S)		3,350,000		3,344,727
Multi Security Asset Trust,
Series 2005-RR4A, Class F
5.880%, 11/28/2035 (P)(S)		580,000		548,100
Residential Accredit Loans, Inc.
Series 2005-QO4, Class XIO IO,
2.513%, 12/25/2045		10,678,173		654,486
Series 2004-QS16, Class 1A1,
5.500%, 12/25/2034		263,728		259,853
Sequoia Mortgage Trust, Series 2005-3,
Class A1 0.403%, 05/20/2035 (P)		204,795		184,945
Springleaf Mortgage Loan Trust
Series 2012-2A, Class A,
2.220%, 10/25/2057 (P)(S)		926,048		938,364
Series 2012-3A, Class M1,
2.660%, 12/25/2059 (P)(S)		605,000		607,446
Structured Asset Securities Corp.
Series 2003-6A, Class B1,
2.619%, 03/25/2033 (P)		611,930		437,810
Series 1998-RF2, Class A,
7.323%, 07/15/2027 (P)(S)		177,447		179,619
Thornburg Mortgage Securities Trust,
Series 2004-1, Class II2A
1.822%, 03/25/2044 (P)		1,294,791		1,288,977
Timberstar Trust, Series 2006-1A, Class A
5.668%, 10/15/2036 (S)		2,300,000		2,626,342
UBS Commercial Mortgage Trust
Series 2012-C1, Class B,
4.822%, 05/10/2045		820,000		900,056
Series 2012-C1, Class C,
5.536%, 05/10/2045 (P)(S)		585,000		658,945
UBS-Barclays
Commercial Mortgage Trust
Series 2012-C2, Class XA IO,
1.820%, 05/10/2063 (S)		19,338,573		2,006,280
Series 2012-C4, Class B,
3.718%, 12/10/2045 (P)(S)		1,250,000		1,276,106
Wachovia Bank
Commercial Mortgage Trust
Series 2005-C17, Class XC IO,
0.278%, 03/15/2042 (S)		36,097,780		181,680
Series 2005-C19, Class AJ,
4.793%, 05/15/2044		1,862,483		2,018,220
Series 2005-C16, Class D,
5.044%, 10/15/2041 (P)		1,000,000		1,040,461
Series 2005-C16, Class E,
5.153%, 10/15/2041 (P)(S)		2,500,000		2,533,368
Series 2007-C31, Class AM,
5.591%, 04/15/2047 (P)		2,580,000		2,853,645


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial & Residential (continued)
WaMu Commercial Mortgage
Securities Trust, Series 2007-SL3,
Class A 5.939%, 03/23/2045 (P)(S)	$	767,201	$	773,345
WaMu Mortgage Pass
Through Certificates
Series 2005-AR19, Class A1A2,
0.494%, 12/25/2045 (P)		1,742,124		1,605,338
Series 2005-AR2, Class 2A3,
0.554%, 01/25/2045 (P)		970,605		911,887
Series 2005-AR8, Class 2AB3,
0.564%, 07/25/2045 (P)		1,069,500		987,206
Series 2005-AR8, Class 2AB2,
0.624%, 07/25/2045 (P)		1,605,898		1,491,679
Series 2005-AR13, Class X IO,
1.468%, 10/25/2045		16,279,792		910,413
Series 2005-AR8, Class X IO,
1.653%, 07/25/2045		16,507,674		941,520
Series 2005-AR6, Class X IO,
1.653%, 04/25/2045		12,648,103		717,929
Washington Mutual Alternative Mortgage
Pass Through Certificates,
Series 2005-1, Class 6A1
6.500%, 03/25/2035		564,776		524,248
Wells Fargo Mortgage Backed
Securities Trust, Series 2005-AR5,
Class 1A1 2.670%, 04/25/2035 (P)		938,174		919,579
WF-RBS Commercial Mortgage Trust
Series 2011-C3, Class XA IO,
1.697%, 03/15/2044 (S)		26,021,868		2,061,687
Series 2012-C10, Class XA IO,
1.852%, 12/15/2045 (S)		7,969,490		981,347
Series 2012-C9, Class XA IO,
2.281%, 11/15/2045 (S)		19,703,130		2,788,308

				204,070,476
U.S. Government Agency - 5.9%
Federal Home Loan Mortgage Corp.
Series K011, Class X1 IO,
0.372%, 11/25/2020		57,356,826		1,232,954
Series K014, Class X1 IO,
1.269%, 04/25/2021		5,605,456		465,617
Series K022, Class X1 IO,
1.309%, 07/25/2022		13,915,632		1,328,929
Series KAIV, Class X1 IO,
1.392%, 06/25/2021		26,711,199		2,247,828
Series K017, Class X1 IO,
1.454%, 12/25/2021		6,750,731		666,311
Series K018, Class X1 IO,
1.464%, 01/25/2022		7,961,539		792,388
Series K708, Class X1 IO,
1.512%, 01/25/2019		12,232,155		937,020
Series K021, Class X1 IO,
1.514%, 06/25/2022		13,773,206		1,522,518
Series K709, Class X1 IO,
1.546%, 03/25/2019		8,288,357		654,921
Series K707, Class X1 IO,
1.559%, 12/25/2018		11,680,443		897,338
Series K705, Class X1 IO,
1.760%, 09/25/2018		15,918,524		1,332,476
Series K710, Class X1 IO,
1.784%, 05/25/2019		5,985,244		556,502
Series K021, Class A2,
2.396%, 06/25/2022		1,000,000		1,006,290

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (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 Home Loan Mortgage Corp. (continued)
Series 4042, Class PI IO,
3.000%, 05/15/2027	$	14,850,922	$	1,466,062
Series 3632, Class AP,
3.000%, 02/15/2040		4,476,782		4,750,537
Series 3956, Class DJ,
3.250%, 10/15/2036		2,741,960		2,809,412
Series 290, Class IO,
3.500%, 11/15/2032		4,232,535		886,181
Series 3630, Class BI IO,
4.000%, 05/15/2027		502,284		13,604
Series 3908, Class PA,
4.000%, 06/15/2039		1,627,041		1,731,270
Series 3943, Class DI IO,
4.000%, 11/15/2039		5,410,498		780,272
Series 3623, Class LI IO,
4.500%, 01/15/2025		1,207,145		95,446
Series 3830, Class NI IO,
4.500%, 01/15/2036		6,185,051		686,080
Series 3794, Class PI IO,
4.500%, 02/15/2038		2,097,731		221,011
Series 4030, Class BI IO,
5.000%, 01/15/2042		4,211,856		762,427
Series 4077, Class IK IO,
5.000%, 07/15/2042		2,430,636		687,002
Series 3581, Class IO,
6.000%, 10/15/2039		1,329,215		185,737
Series T-41, Class 3A,
6.742%, 07/25/2032 (P)		119,686		135,127
Federal National Mortgage Association
Series 2012-M5, Class X IO,
0.643%, 02/25/2022		13,511,326		602,024
Series 2012-21, Class PA,
2.000%, 03/25/2041		9,318,327		9,419,524
Series 2012-38, Class PA,
2.000%, 09/25/2041		2,365,428		2,406,040
Series 2012-137, Class WI IO,
3.500%, 12/25/2032		4,247,001		848,014
Series 2012-19, Class JA,
3.500%, 03/25/2041		3,240,347		3,520,773
Series 2011-146, Class MA,
3.500%, 08/25/2041		2,876,901		3,106,924
Series 2012-118, Class IB IO,
3.500%, 11/25/2042		3,473,521		876,264
Series 2010-14, Class AI IO,
4.000%, 08/25/2027		1,450,786		43,099
Series 2010-36, Class BI IO,
4.000%, 03/25/2028		1,451,704		49,135
Series 2010-15, Class KA,
4.000%, 03/25/2039		2,178,852		2,303,837
Series 402, Class 4 IO,
4.000%, 10/25/2039		3,501,773		385,102
Series 402, Class 3 IO,
4.000%, 11/25/2039		2,076,943		222,879
Series 2011-41, Class KA,
4.000%, 01/25/2041		3,185,402		3,401,053
Series 2011-86, Class NA,
4.000%, 01/25/2041		5,207,433		5,615,982
Series 2009-109, Class IW IO,
4.500%, 04/25/2038		1,808,378		153,412
Series 398, Class C3 IO,
4.500%, 05/25/2039		1,604,591		142,639


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage
Association (continued)
Series 401, Class C2 IO,
4.500%, 06/25/2039	$	1,319,559	$	154,126
Series 402, Class 7 IO,
4.500%, 11/25/2039		3,175,765		373,377
Series 2009-47, Class EI IO,
5.000%, 08/25/2019		1,738,391		147,572
Series 407, Class 21 IO,
5.000%, 01/25/2039		1,695,298		173,622
Series 2009-50, Class GI IO,
5.000%, 05/25/2039		3,160,692		354,962
Series 2009-78, Class IB IO,
5.000%, 06/25/2039		4,214,351		393,214
Series 407, Class 15 IO,
5.000%, 01/25/2040		2,603,452		373,894
Series 407, Class 16 IO,
5.000%, 01/25/2040		520,694		63,480
Series 407, Class 17 IO,
5.000%, 01/25/2040		499,722		62,748
Series 407, Class 7 IO,
5.000%, 03/25/2041		2,047,081		302,463
Series 407, Class 8 IO,
5.000%, 03/25/2041		1,005,498		147,106
Series 407, Class C6 IO,
5.500%, 01/25/2040		7,541,293		1,267,664
Series 2010-135, Class TS IO,
5.816%, 12/25/2040		7,253,694		1,272,363
Series 2001-50, Class BA,
7.000%, 10/25/2041		28,762		30,525
Series 2002-W3, Class A5,
7.500%, 11/25/2041		165,077		196,291
Government National
Mortgage Association
Series 2012-70, Class IO,
0.963%, 08/16/2052		12,939,014		907,775
Series 2012-120, Class IO,
1.013%, 02/16/2053		15,883,803		1,375,871
Series 2012-114, Class IO,
1.027%, 01/16/2053		16,096,125		1,578,241
Series 2013-42, Class IA IO,
3.500%, 03/20/2043		4,125,000		604,570
Series 2010-78, Class AI IO,
4.500%, 04/20/2039		2,721,067		154,522
Series 2010-147, Class SA IO,
5.967%, 05/20/2040		7,726,086		1,299,297
Series 2010-85, Class SB IO,
6.397%, 03/16/2040		6,590,396		1,069,232

				74,250,876

TOTAL COLLATERALIZED MORTGAGE
OBLIGATIONS (Cost $274,389,626)			$	278,321,352


ASSET BACKED SECURITIES - 3.9%
Aegis Asset Backed Securities Trust
Series 2004-3, Class A1,
0.564%, 09/25/2034 (P)		675,236		662,457
Series 2005-4, Class M1,
0.654%, 10/25/2035 (P)		1,585,000		1,349,632
Ameriquest Mortgage Securities, Inc.
Series 2005-R1, Class M1,
0.654%, 03/25/2035 (P)		790,363		778,735

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


ASSET BACKED SECURITIES (continued)
Ameriquest Mortgage
Securities, Inc. (continued)
Series 2005-R3, Class M2,
0.674%, 05/25/2035 (P)	$	1,100,000	$	998,083
Amresco Residential Securities Mortgage
Loan Trust, Series 1998-1, Class A6
6.510%, 08/25/2027		5,755		5,793
Argent Securities, Inc.
Series 2004-W6, Class M1,
0.754%, 05/25/2034 (P)		841,795		825,373
Series 2003-W10, Class M1,
1.284%, 01/25/2034 (P)		649,508		633,357
Series 2004-W1, Class M3,
2.379%, 03/25/2034 (P)		301,149		229,278
Asset Backed Funding Certificates
Series 2005-HE1, Class M1,
0.624%, 03/25/2035 (P)		1,092,363		1,052,833
Series 2005-AQ1, Class A4,
5.010%, 06/25/2035		748,533		758,224
Asset Backed Securities Corp. Home
Equity, Series 2006-HE1, Class A3
0.404%, 01/25/2036 (P)		1,133,011		1,057,059
Bayview Financial Acquisition Trust,
Series 2006-A, Class 2A3
0.554%, 02/28/2041 (P)		412,209		408,907
Bravo Mortgage Asset Trust,
Series 2006-1A, Class A2
0.444%, 07/25/2036 (P)(S)		1,823,538		1,634,831
Carrington Mortgage Loan Trust
Series 2006-NC4, Class A5,
0.264%, 10/25/2036 (P)		394,645		324,238
Series 2005-OPT2, Class M2,
0.654%, 05/25/2035 (P)		649,534		630,116
Centex Home Equity
Series 2005-A, Class M4,
1.004%, 01/25/2035 (P)		238,164		170,803
Series 2004-D, Class AF4,
4.680%, 06/25/2032		656,951		686,457
Citicorp Residential Mortgage
Securities, Inc., Series 2007-2, Class A6
6.043%, 06/25/2037 (P)		747,496		758,924
CKE Restaurant Holdings, Inc.,
Series 2013-1A, Class A2
4.474%, 03/20/2043 (S)		1,995,000		1,995,022
ContiMortgage Home Equity Loan Trust,
Series 1995-2, Class A5
8.100%, 08/15/2025		12,029		11,905
Countrywide Asset-Backed Certificates
Series 2006-3, Class 2A2,
0.384%, 06/25/2036 (P)		554,177		550,371
Series 2004-10, Class AF5B,
5.110%, 02/25/2035		1,326,163		1,355,722
Credit-Based Asset Servicing
and Securitization LLC
Series 2005-CB2, Class M1,
0.644%, 04/25/2036 (P)		1,245,851		1,222,793
Series 2006-MH1, Class B1,
5.973%, 10/25/2036 (S)		2,560,000		1,281,690
CSMC Trust, Series 2006-CF2, Class M1
0.674%, 05/25/2036 (S)(P)		1,225,000		1,184,884
Dominos Pizza Master Issuer LLC,
Series 2012-1A, Class A2
5.216%, 01/25/2042 (S)		4,673,825		5,248,210


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


ASSET BACKED SECURITIES (continued)
Encore Credit Receivables Trust,
Series 2005-2, Class M2
0.664%, 11/25/2035 (P)	$	1,400,000	$	1,281,538
Equity One ABS, Inc.
Series 2004-1, Class M2,
5.115%, 04/25/2034		250,176		215,114
Series 2004-1, Class M3,
5.260%, 04/25/2034		303,746		201,367
Fremont Home Loan Trust, Series 2005-1,
Class M3 0.969%, 06/25/2035 (P)		840,000		797,935
GSAA Trust, Series 2005-10, Class M3
0.754%, 06/25/2035 (P)		1,545,000		1,441,555
GSRPM Mortgage Loan Trust,
Series 2006-1, Class A1
0.504%, 03/25/2035 (P)(S)		1,827,870		1,749,655
Home Equity Asset Trust, Series 2005-5,
Class M1 0.684%, 11/25/2035 (P)		1,150,000		1,122,587
Leaf Receivables Funding 6 LLC,
Series 2011-1, Class A
1.700%, 12/20/2018 (S)		109,156		108,643
Long Beach Mortgage Loan Trust,
Series 2004-1, Class M3
1.254%, 02/25/2034 (P)		161,075		145,663
Mastr Asset Backed Securities Trust,
Series 2007-HE2, Class A2
0.904%, 08/25/2037 (P)		619,655		600,488
Merrill Lynch Mortgage Investors, Inc.,
Series 2005-WMC1, Class M1
0.954%, 09/25/2035 (P)		465,176		435,518
New Century Home Equity Loan Trust
Series 2005-1, Class M1,
0.654%, 03/25/2035 (P)		780,000		755,169
Series 2005-3, Class M1,
0.684%, 07/25/2035 (P)		325,000		319,592
NovaStar Home Equity Loan,
Series 2004-4, Class M3
1.284%, 03/25/2035 (P)		599,693		584,536
Option One Mortgage Loan Trust,
Series 2004-1, Class M1
1.104%, 01/25/2034 (P)		596,509		545,807
Park Place Securities, Inc.
Series 2005-WCH1, Class M2,
0.724%, 01/25/2036 (P)		1,311,107		1,287,023
Series 2004-WHQ2, Class M2,
0.834%, 02/25/2035 (P)		1,575,883		1,556,919
People’s Choice Home Loan
Securities Trust, Series 2005-1,
Class M3 1.074%, 01/25/2035 (P)		930,000		920,682
RAMP Trust
Series 2005-RS3, Class M1,
0.624%, 03/25/2035 (P)		755,000		709,603
Series 2004-RZ3, Class AI-4,
4.572%, 05/25/2033 (P)		125,755		122,404
Series 2004-RS9, Class AI-4,
4.767%, 10/25/2032 (P)		138,116		130,803
Renaissance Home Equity Loan Trust
Series 2005-2, Class AF3,
4.499%, 08/25/2035		189,947		190,571
Series 2005-2, Class AF4,
4.934%, 08/25/2035		660,000		642,715
Sonic Capital LLC, Series 2011-1A,
Class A2 5.438%, 05/20/2041 (S)		995,720		1,117,432

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


ASSET BACKED SECURITIES (continued)
Soundview Home Loan Trust,
Series 2006-OPT2, Class A3
0.384%, 05/25/2036 (P)	$	561,902	$	501,444
Specialty Underwriting & Residential
Finance Trust, Series 2006-BC1,
Class A2D 0.504%, 12/25/2036 (P)		2,475,000		2,376,116
Trapeza CDO I LLC, Series 2007-12A,
Class B 0.865%, 04/06/2042 (P)(S)		3,102,009		50,222
Westgate Resorts LLC
Series 2012-3A, Class A,
2.500%, 03/20/2025 (S)		953,176		954,368
Series 2012-2A, Class A,
3.000%, 01/20/2025 (S)		1,254,069		1,264,651
Series 2012-3A, Class B,
4.500%, 03/20/2025 (S)		279,303		280,350

TOTAL ASSET BACKED SECURITIES (Cost $49,788,996)			$	48,226,167


COMMON STOCKS - 0.0%
Consumer Discretionary - 0.0%
Greektown Superholdings, Inc. (I)		821		73,890
Financials - 0.0%
BTA Bank JSC, GDR (I)(S)		1,781		1,411

TOTAL COMMON STOCKS (Cost $135,472)			$	75,301


PREFERRED SECURITIES - 0.9%
Consumer Discretionary - 0.1%
Greektown
Superholdings, Inc., Series A (I)		16,024	$	1,442,160
Consumer Staples - 0.2%
Ocean Spray Cranberries, Inc.,
Series A, 6.250% (S)		22,216		2,066,088
Financials - 0.5%
Ally Financial, Inc., 7.300%		30,550		779,025
Bank of America Corp., Series 8, 8.625%		25,000		637,500
Citigroup Capital XIII (7.875% to
10/30/2015, then
3 month LIBOR + 6.370%)		10,400		297,336
Discover Financial Services, 6.500%		21,900		565,896
GMAC Capital Trust I (8.125% to
02/15/2016, then
3 month LIBOR + 5.785%)		42,340		1,151,648
PNC Financial Services
Group, Inc., 6.125%		38,875		1,075,671
Regions Financial Corp., 6.375%		40,445		1,032,561
U.S. Bancorp (6.000% to 04/15/2017, then
3 month LIBOR + 4.861%)		31,225		869,304

				6,408,941
Industrials - 0.1%
United Technologies Corp., 7.500%		14,936		893,922
Materials - 0.0%
ArcelorMittal, 6.000%		5,385		112,816
Utilities - 0.0%
Duke Energy Corp., 5.125%		21,000		533,190

TOTAL PREFERRED SECURITIES (Cost $10,910,148)			$	11,457,117


SECURITIES LENDING COLLATERAL - 0.1%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		158,572		1,587,097

TOTAL SECURITIES LENDING
COLLATERAL (Cost $1,587,055)			$	1,587,097


Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


SHORT-TERM INVESTMENTS - 9.9%
Money Market Funds - 8.1%
State Street Institutional U.S. Government
Money Market Fund, 0.0241% (Y)		100,914,449		100,914,449
Repurchase Agreement - 1.8%
Repurchase Agreement with State
Street Corp. dated 03/28/2013 at
0.010% to be repurchased at
$23,012,026 on 04/01/2013,
collateralized by $22,435,000
U.S. Treasury Notes 2.125% due
05/31/2015 (valued at $23,472,619,
including interest)	$	23,012,000	$	23,012,000

TOTAL SHORT-TERM INVESTMENTS (Cost $123,926,449)			$	123,926,449

Total Investments (Active Bond Trust)
(Cost $1,267,384,101) - 106.1%			$	1,327,172,187
Other assets and liabilities, net - (6.1%)				(76,547,484)

TOTAL NET ASSETS - 100.0%			$	1,250,624,703




All Cap Core Trust
		Shares or
		Principal
		Amount		Value


COMMON STOCKS - 98.9%
Consumer Discretionary - 12.4%
Auto Components - 0.3%
Cooper Tire & Rubber Company		50,600	$	1,298,395
Hotels, Restaurants & Leisure - 1.9%
AFC Enterprises, Inc. (I)		8,700		316,071
Marriott International, Inc., Class A		117,900		4,978,917
Marriott Vacations Worldwide Corp. (I)		11,600		497,756
Multimedia Games Holding Company, Inc. (I)		4,800		100,176
Six Flags Entertainment Corp.		17,100		1,239,408

				7,132,328
Household Durables - 2.1%
Mohawk Industries, Inc. (I)		7,600		859,712
NACCO Industries, Inc., Class A		9,600		512,256
NVR, Inc. (I)		437		472,008
PulteGroup, Inc. (I)(L)		65,000		1,315,600
Whirlpool Corp.		41,300		4,892,398

				8,051,974
Internet & Catalog Retail - 1.5%
Expedia, Inc.		72,000		4,320,720
PetMed Express, Inc.		14,700		197,201
priceline.com, Inc. (I)		1,700		1,169,481

				5,687,402
Media - 3.0%
Arbitron, Inc.		9,800		459,326
Comcast Corp., Class A		134,200		5,637,742
Discovery Communications, Inc., Class A (I)		28,700		2,259,838
MDC Partners, Inc., Class A		11,700		189,189
News Corp., Class A		20,800		634,816
The Madison Square Garden, Inc., Class A (I)		800		46,080
The McGraw-Hill Companies, Inc.		19,500		1,015,560
The Walt Disney Company		18,200		1,033,760
The Washington Post Company, Class B		200		89,400

				11,365,711

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


All Cap Core Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Multiline Retail - 0.2%
Dillard’s, Inc., Class A (L)	5,600	$	439,880
The Bon-Ton Stores, Inc. (L)	29,400		382,200
Tuesday Morning Corp. (I)	8,200		63,632

			885,712
Specialty Retail - 3.3%
Brown Shoe Company, Inc. (L)	87,500		1,400,000
GameStop Corp., Class A (L)	139,800		3,910,206
Stage Stores, Inc.	10,500		271,740
The Gap, Inc.	127,100		4,499,340
The Home Depot, Inc.	32,000		2,232,960
TJX Companies, Inc.	2,200		102,850

			12,417,096
Textiles, Apparel & Luxury Goods - 0.1%
Movado Group, Inc.	12,400		415,648

			47,254,266
Consumer Staples - 8.5%
Beverages - 0.3%
PepsiCo, Inc.	14,400		1,139,184
Food & Staples Retailing - 1.8%
Costco Wholesale Corp.	27,000		2,864,970
CVS Caremark Corp.	59,200		3,255,408
Whole Foods Market, Inc.	6,700		581,225

			6,701,603
Food Products - 1.5%
Cal-Maine Foods, Inc.	5,800		246,848
ConAgra Foods, Inc.	13,400		479,854
John B. Sanfilippo & Son, Inc.	11,000		219,780
Pilgrim’s Pride Corp. (I)(L)	35,600		327,164
Sanderson Farms, Inc.	51,100		2,791,082
Tyson Foods, Inc., Class A	69,900		1,734,918

			5,799,646
Household Products - 1.8%
Colgate-Palmolive Company	11,700		1,380,951
Kimberly-Clark Corp.	4,300		421,314
The Procter & Gamble Company	68,000		5,240,080

			7,042,345
Personal Products - 0.2%
Medifast, Inc. (I)(L)	7,200		165,024
USANA Health Sciences, Inc. (I)(L)	12,100		584,793

			749,817
Tobacco - 2.9%
Altria Group, Inc.	176,000		6,052,640
Philip Morris International, Inc.	35,500		3,291,205
Universal Corp. (L)	26,900		1,507,476

			10,851,321

			32,283,916
Energy - 10.8%
Energy Equipment & Services - 0.6%
Exterran Holdings, Inc. (I)	71,100		1,919,700
RPC, Inc. (L)	18,200		276,094

			2,195,794
Oil, Gas & Consumable Fuels - 10.2%
Alon USA Energy, Inc.	100,800		1,920,240
Chevron Corp.	11,000		1,307,020
ConocoPhillips	3,100		186,310
CVR Energy, Inc.	16,200		836,244


All Cap Core Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels (continued)
Delek US Holdings, Inc.	66,300	$	2,616,198
EPL Oil & Gas, Inc. (I)	7,700		206,437
Exxon Mobil Corp.	55,500		5,001,105
HollyFrontier Corp.	93,700		4,820,865
Marathon Petroleum Corp.	60,800		5,447,680
Penn Virginia Corp. (L)	51,800		209,272
Phillips 66	6,700		468,799
Tesoro Corp.	85,300		4,994,315
Vaalco Energy, Inc. (I)(L)	95,700		726,363
Valero Energy Corp.	118,800		5,404,212
Western Refining, Inc. (L)	134,000		4,744,940

			38,890,000

			41,085,794
Financials - 14.6%
Capital Markets - 1.7%
Investment Technology Group, Inc. (I)	38,400		423,936
Piper Jaffray Companies (I)	15,600		535,080
Safeguard Scientifics, Inc. (I)(L)	9,700		153,260
T. Rowe Price Group, Inc.	67,900		5,083,673
Virtus Investment Partners, Inc. (I)	1,400		260,792

			6,456,741
Commercial Banks - 2.2%
BankUnited, Inc.	4,700		120,414
Banner Corp.	8,900		283,287
Citizens Republic Bancorp, Inc. (I)	26,400		595,320
First Financial Holdings, Inc.	7,100		148,816
First Merchants Corp.	12,700		196,469
Iberiabank Corp.	13,200		660,264
Pinnacle Financial Partners, Inc. (I)(L)	25,200		588,672
PrivateBancorp, Inc.	50,600		956,846
Regions Financial Corp.	15,600		127,764
SunTrust Banks, Inc.	29,600		852,776
Susquehanna Bancshares, Inc.	149,400		1,857,042
Taylor Capital Group, Inc. (I)(L)	7,800		124,722
Umpqua Holdings Corp.	19,100		253,266
Western Alliance Bancorp (I)	15,900		220,056
Wilshire Bancorp, Inc. (I)	37,800		256,284
Zions Bancorporation (L)	46,700		1,167,033

			8,409,031
Consumer Finance - 1.4%
American Express Company	13,200		890,472
Discover Financial Services	104,900		4,703,716

			5,594,188
Diversified Financial Services - 1.7%
Bank of America Corp.	219,100		2,668,638
Citigroup, Inc.	39,300		1,738,632
JPMorgan Chase & Company	35,500		1,684,830
Moody’s Corp.	7,300		389,236

			6,481,336
Insurance - 5.0%
Berkshire Hathaway, Inc., Class B (I)	11,900		1,239,980
Cincinnati Financial Corp.	27,600		1,302,444
Fidelity National Financial, Inc., Class A	79,100		1,995,693
First American Financial Corp.	188,700		4,825,059
Homeowners Choice, Inc.	8,800		239,800
Maiden Holdings, Ltd.	6,000		63,540
MBIA, Inc. (I)	36,600		375,882
The Allstate Corp.	47,700		2,340,639
The Chubb Corp.	15,100		1,321,703

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


All Cap Core Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Insurance (continued)
The Progressive Corp.	114,300	$	2,888,361
The Travelers Companies, Inc.	27,800		2,340,482

			18,933,583
Real Estate Investment Trusts - 2.5%
Parkway Properties, Inc.	27,000		500,850
Pennsylvania Real Estate Investment Trust	43,400		841,526
Potlatch Corp.	8,100		371,466
Public Storage	6,800		1,035,776
Simon Property Group, Inc.	10,400		1,649,024
Sovran Self Storage, Inc.	700		45,143
Weyerhaeuser Company	163,000		5,114,940

			9,558,725
Thrifts & Mortgage Finance - 0.1%
Ocwen Financial Corp. (I)	9,100		345,072

			55,778,676
Health Care - 14.2%
Biotechnology - 2.8%
Alexion Pharmaceuticals, Inc. (I)	9,300		856,902
Alnylam Pharmaceuticals, Inc. (I)	56,900		1,386,653
Amgen, Inc.	45,600		4,674,456
Biogen Idec, Inc. (I)	7,300		1,408,243
Celgene Corp. (I)	15,000		1,738,650
PDL BioPharma, Inc. (L)	67,100		490,501

			10,555,405
Health Care Equipment & Supplies - 0.3%
Abbott Laboratories	11,100		392,052
ICU Medical, Inc. (I)	2,100		123,795
SurModics, Inc. (I)	15,000		408,750
West Pharmaceutical Services, Inc.	1,400		90,916

			1,015,513
Health Care Providers & Services - 5.1%
Aetna, Inc.	8,800		449,856
AMN Healthcare Services, Inc. (I)	47,000		744,010
Amsurg Corp. (I)	5,300		178,292
Cigna Corp.	81,500		5,083,155
Gentiva Health Services, Inc. (I)(L)	27,900		301,878
Molina Healthcare, Inc. (I)(L)	43,600		1,345,932
UnitedHealth Group, Inc.	99,100		5,669,511
WellCare Health Plans, Inc. (I)	10,100		585,396
WellPoint, Inc.	79,800		5,285,154

			19,643,184
Life Sciences Tools & Services - 1.0%
Cambrex Corp. (I)	55,200		706,008
Covance, Inc. (I)	22,100		1,642,472
Mettler-Toledo International, Inc. (I)	3,000		639,660
PAREXEL International Corp. (I)	16,900		667,719

			3,655,859
Pharmaceuticals - 5.0%
AbbVie, Inc.	35,000		1,427,300
Actavis, Inc. (I)	11,500		1,059,265
Allergan, Inc.	2,700		301,401
Eli Lilly & Company	107,300		6,093,567
Johnson & Johnson	49,000		3,994,970
Merck & Company, Inc.	53,300		2,357,459
Pfizer, Inc.	93,900		2,709,954
Pozen, Inc. (I)	33,600		177,072
Questcor Pharmaceuticals, Inc. (L)	30,800		1,002,232


All Cap Core Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Pharmaceuticals (continued)
Sciclone Pharmaceuticals, Inc. (I)	8,400	$	38,640

			19,161,860

			54,031,821
Industrials - 9.4%
Aerospace & Defense - 3.4%
Honeywell International, Inc.	18,500		1,393,975
Huntington Ingalls Industries, Inc.	56,900		3,034,477
Lockheed Martin Corp.	8,600		830,072
Northrop Grumman Corp.	61,400		4,307,210
Raytheon Company	12,900		758,391
Taser International, Inc. (I)	131,800		1,047,810
Textron, Inc.	41,800		1,246,058
The Boeing Company	1,200		103,020

			12,721,013
Airlines - 0.8%
Delta Air Lines, Inc. (I)	47,200		779,272
Hawaiian Holdings, Inc. (I)(L)	92,500		532,800
Republic Airways Holdings, Inc. (I)	116,900		1,349,026
SkyWest, Inc.	2,700		43,335
Southwest Airlines Company	16,400		221,072

			2,925,505
Building Products - 1.4%
AAON, Inc.	7,600		209,684
Apogee Enterprises, Inc.	12,200		353,190
Masco Corp.	124,800		2,527,200
Nortek, Inc. (I)	1,400		99,904
Trex Company, Inc. (I)	7,600		373,768
USG Corp. (I)	62,700		1,657,788

			5,221,534
Commercial Services & Supplies - 1.2%
Avery Dennison Corp. (L)	49,400		2,127,658
EnergySolutions, Inc. (I)	22,200		83,250
Kimball International, Inc., Class B	40,100		363,306
Mine Safety Appliances Company	4,600		228,252
Quad/Graphics, Inc. (L)	40,100		959,994
UniFirst Corp.	1,900		171,950
Viad Corp.	28,400		785,544

			4,719,954
Construction & Engineering - 0.1%
Argan, Inc.	18,200		271,362
Pike Electric Corp.	11,500		163,645

			435,007
Industrial Conglomerates - 0.2%
General Electric Company	31,600		730,592
Machinery - 2.0%
FreightCar America, Inc.	16,500		360,030
ITT Corp.	140,100		3,983,043
Mueller Water Products, Inc., Class A	134,800		799,364
Oshkosh Corp. (I)	58,200		2,472,918
Standex International Corp.	800		44,176

			7,659,531
Marine - 0.0%
Matson, Inc.	3,400		83,640
Professional Services - 0.0%
Barrett Business Services, Inc.	1,600		84,256
Road & Rail - 0.2%
Saia, Inc. (I)	19,600		708,932

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


All Cap Core Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Trading Companies & Distributors - 0.1%
DXP Enterprises, Inc. (I)	4,400	$	328,680

			35,618,644
Information Technology - 20.1%
Communications Equipment - 2.6%
Cisco Systems, Inc.	186,600		3,901,806
Comtech Telecommunications Corp. (L)	26,600		645,848
InterDigital, Inc.	67,200		3,214,176
Loral Space & Communications, Inc.	3,700		228,956
QUALCOMM, Inc.	25,800		1,727,310

			9,718,096
Computers & Peripherals - 4.3%
Apple, Inc.	9,426		4,172,230
Hewlett-Packard Company	223,900		5,337,776
Intermec, Inc. (I)(L)	78,800		774,604
Silicon Graphics International Corp. (I)	41,800		574,750
Synaptics, Inc. (I)	18,400		748,696
Western Digital Corp.	97,100		4,882,188

			16,490,244
Electronic Equipment, Instruments & Components - 0.0%
Checkpoint Systems, Inc. (I)	4,300		56,158
Internet Software & Services - 3.4%
AOL, Inc. (I)	84,000		3,233,160
EarthLink, Inc.	12,700		68,834
eBay, Inc. (I)	102,200		5,541,284
LinkedIn Corp., Class A (I)	22,900		4,031,774

			12,875,052
IT Services - 4.1%
Cognizant Technology
Solutions Corp., Class A (I)	8,400		643,524
Computer Sciences Corp.	98,800		4,863,924
CoreLogic, Inc. (I)	163,700		4,233,282
CSG Systems International, Inc. (I)	52,700		1,116,713
Global Cash Access Holdings, Inc. (I)	65,800		463,890
Heartland Payment Systems, Inc. (L)	5,400		178,038
IBM Corp.	5,455		1,163,552
Visa, Inc., Class A	17,200		2,921,248

			15,584,171
Semiconductors & Semiconductor Equipment - 2.9%
Advanced Energy Industries, Inc. (I)	39,400		721,020
First Solar, Inc. (I)(L)	135,800		3,661,168
FormFactor, Inc. (I)	17,200		80,840
KLA-Tencor Corp.	88,900		4,688,586
Kulicke & Soffa Industries, Inc. (I)	107,400		1,241,544
Photronics, Inc. (I)(L)	79,300		529,724

			10,922,882
Software - 2.8%
CA, Inc.	61,400		1,545,438
Microsoft Corp.	116,907		3,344,709
Netscout Systems, Inc. (I)	4,200		103,194
SolarWinds, Inc. (I)	20,700		1,223,370
Symantec Corp. (I)	173,800		4,289,384
Telenav, Inc. (I)	42,600		274,770

			10,780,865

			76,427,468
Materials - 4.7%
Chemicals - 3.7%
American Vanguard Corp.	18,100		552,774


All Cap Core Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Chemicals (continued)
CF Industries Holdings, Inc.	8,900	$	1,694,293
LyondellBasell Industries NV, Class A	22,100		1,398,709
Monsanto Company	14,500		1,531,635
The Sherwin-Williams Company	25,400		4,289,806
Westlake Chemical Corp.	48,300		4,516,050

			13,983,267
Containers & Packaging - 0.0%
AEP Industries, Inc. (I)	1,100		78,991
Paper & Forest Products - 1.0%
Louisiana-Pacific Corp. (I)	184,300		3,980,880

			18,043,138
Telecommunication Services - 1.8%
Diversified Telecommunication Services - 1.5%
American Tower Corp.	8,700		669,204
Atlantic Tele-Network, Inc.	1,900		92,169
Cbeyond, Inc. (I)	32,800		243,704
Verizon Communications, Inc.	94,700		4,654,505

			5,659,582
Wireless Telecommunication Services - 0.3%
Sprint Nextel Corp. (I)	88,700		550,827
Telephone & Data Systems, Inc.	17,485		368,409
USA Mobility, Inc.	14,300		189,761

			1,108,997

			6,768,579
Utilities - 2.4%
Electric Utilities - 0.0%
MGE Energy, Inc.	2,000		110,880
Otter Tail Corp.	2,500		77,850

			188,730
Independent Power Producers & Energy Traders - 0.3%
NRG Energy, Inc.	41,700		1,104,633
Multi-Utilities - 2.0%
Ameren Corp.	138,900		4,864,278
Consolidated Edison, Inc.	13,900		848,317
DTE Energy Company	25,300		1,729,002

			7,441,597
Water Utilities - 0.1%
American Water Works Company, Inc.	13,500		559,440

			9,294,400

TOTAL COMMON STOCKS (Cost $325,226,481)		$	376,586,702


SECURITIES LENDING COLLATERAL - 5.5%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)	2,098,923		21,007,491

TOTAL SECURITIES LENDING
COLLATERAL (Cost $21,007,363)		$	21,007,491

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


All Cap Core Trust (continued)
	Shares or
	Principal
	Amount		Value

SHORT-TERM INVESTMENTS - 0.9%
Money Market Funds - 0.9%
State Street Institutional Liquid Reserves
Fund, 0.1355% (Y)	3,383,348		3,383,348

TOTAL SHORT-TERM INVESTMENTS (Cost $3,383,348)		$	3,383,348

Total Investments (All Cap Core Trust)
(Cost $349,617,192) - 105.3%		$	400,977,541
Other assets and liabilities, net - (5.3%)			(20,088,353)

TOTAL NET ASSETS - 100.0%		$	380,889,188




All Cap Value Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 99.0%
Consumer Discretionary - 11.9%
Hotels, Restaurants & Leisure - 1.0%
Darden Restaurants, Inc. (L)	105,378	$	5,445,937
Media - 4.9%
Comcast Corp., Class A	181,900		7,641,619
The Interpublic Group of Companies, Inc.	369,700		4,817,191
The Walt Disney Company	89,951		5,109,217
Time Warner, Inc.	149,700		8,625,714

			26,193,741
Multiline Retail - 2.4%
Macy’s, Inc.	154,100		6,447,544
Target Corp.	92,700		6,345,315

			12,792,859
Specialty Retail - 3.6%
Bed Bath & Beyond, Inc. (I)	72,400		4,664,006
Foot Locker, Inc.	112,500		3,852,000
GNC Holdings, Inc., Class A	122,200		4,800,016
The Home Depot, Inc.	81,200		5,666,136

			18,982,158

			63,414,695
Consumer Staples - 5.7%
Beverages - 0.8%
The Coca-Cola Company	104,500		4,225,980
Food & Staples Retailing - 0.6%
CVS Caremark Corp.	52,495		2,886,700
Food Products - 3.3%
Archer-Daniels-Midland Company	76,934		2,594,984
Bunge, Ltd.	52,600		3,883,458
Kraft Foods Group, Inc.	97,865		5,042,983
Mondelez International, Inc., Class A	193,197		5,913,760

			17,435,185
Household Products - 1.0%
Kimberly-Clark Corp.	55,800		5,467,284

			30,015,149
Energy - 11.2%
Energy Equipment & Services - 1.1%
Halliburton Company	53,400		2,157,894
Schlumberger, Ltd.	49,900		3,737,011

			5,894,905


All Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels - 10.1%
Anadarko Petroleum Corp.	87,200	$	7,625,640
Chevron Corp.	47,600		5,655,832
EOG Resources, Inc.	25,500		3,265,785
Exxon Mobil Corp.	134,418		12,112,406
Noble Energy, Inc.	51,400		5,944,924
Occidental Petroleum Corp.	99,300		7,782,141
Range Resources Corp.	21,800		1,766,672
Valero Energy Corp.	205,500		9,348,195

			53,501,595

			59,396,500
Financials - 24.9%
Capital Markets - 3.8%
Affiliated Managers Group, Inc. (I)	35,600		5,467,092
Artisan Partners Asset Management, Inc. (I)	48,810		1,925,555
Franklin Resources, Inc.	32,500		4,901,325
Raymond James Financial, Inc.	141,100		6,504,710
TD Ameritrade Holding Corp.	72,600		1,497,012

			20,295,694
Commercial Banks - 5.6%
Fifth Third Bancorp	261,300		4,261,803
First Republic Bank	70,900		2,738,158
PNC Financial Services Group, Inc.	53,200		3,537,800
Signature Bank (I)(L)	32,400		2,551,824
SunTrust Banks, Inc.	177,600		5,116,656
U.S. Bancorp	124,700		4,231,071
Wells Fargo & Company	203,400		7,523,766

			29,961,078
Consumer Finance - 1.6%
Capital One Financial Corp.	150,900		8,291,955
Diversified Financial Services - 5.9%
Citigroup, Inc.	322,700		14,276,248
IntercontinentalExchange, Inc. (I)(L)	17,400		2,837,418
JPMorgan Chase & Company	295,124		14,006,585

			31,120,251
Insurance - 7.2%
ACE, Ltd.	68,100		6,058,857
Berkshire Hathaway, Inc., Class B (I)	54,415		5,670,043
Marsh & McLennan Companies, Inc.	108,617		4,124,187
Prudential Financial, Inc.	124,300		7,332,457
The Allstate Corp.	130,700		6,413,449
The Travelers Companies, Inc.	104,791		8,822,354

			38,421,347
Real Estate Management & Development - 0.8%
Jones Lang LaSalle, Inc.	42,700		4,244,807

			132,335,132
Health Care - 18.8%
Biotechnology - 4.7%
Celgene Corp. (I)	71,616		8,301,011
Incyte Corp. (I)(L)	249,400		5,838,454
Onyx Pharmaceuticals, Inc. (I)	82,000		7,286,520
Sarepta Therapeutics, Inc. (I)(L)	88,600		3,273,770

			24,699,755
Health Care Providers & Services - 7.9%
Cigna Corp.	111,212		6,936,292
Community Health Systems, Inc.	147,700		6,999,503
DaVita HealthCare Partners, Inc. (I)	40,300		4,779,177
Express Scripts Holding Company (I)	139,475		8,040,734

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


All Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value

COMMON STOCKS (continued)
Health Care Providers & Services (continued)
Humana, Inc.	71,400	$	4,934,454
Laboratory Corp. of America Holdings (I)	67,700		6,106,540
Team Health Holdings, Inc. (I)	115,600		4,205,528

			42,002,228
Life Sciences Tools & Services - 3.0%
Life Technologies Corp. (I)	108,603		7,019,012
Thermo Fisher Scientific, Inc.	115,687		8,848,899

			15,867,911
Pharmaceuticals - 3.2%
Actavis, Inc. (I)	69,700		6,420,067
Eli Lilly & Company	146,000		8,291,340
Teva Pharmaceutical Industries, Ltd., ADR	64,030		2,540,710

			17,252,117

			99,822,011
Industrials - 7.2%
Aerospace & Defense - 1.2%
United Technologies Corp.	68,800		6,427,984
Construction & Engineering - 2.7%
Jacobs Engineering Group, Inc. (I)	101,400		5,702,736
URS Corp.	184,700		8,756,627

			14,459,363
Electrical Equipment - 1.3%
Eaton Corp. PLC	110,278		6,754,528
Machinery - 0.2%
Kennametal, Inc.	27,223		1,062,786
Professional Services - 0.7%
Robert Half International, Inc.	95,900		3,599,127
Road & Rail - 1.1%
Hertz Global Holdings, Inc. (I)	272,400		6,063,624

			38,367,412
Information Technology - 7.8%
Communications Equipment - 0.2%
QUALCOMM, Inc.	20,400		1,365,780
Computers & Peripherals - 1.5%
NCR Corp. (I)	281,600		7,760,896
Electronic Equipment, Instruments & Components - 1.8%
Anixter International, Inc. (L)	74,950		5,240,504
Arrow Electronics, Inc. (I)	103,060		4,186,297

			9,426,801
Internet Software & Services - 1.0%
eBay, Inc. (I)	102,800		5,573,816
IT Services - 1.3%
Alliance Data Systems Corp. (I)(L)	41,300		6,686,057
Semiconductors & Semiconductor Equipment - 1.5%
Broadcom Corp., Class A	117,700		4,080,659
Xilinx, Inc.	106,900		4,080,373

			8,161,032
Software - 0.5%
Microsoft Corp.	93,900		2,686,479

			41,660,861
Materials - 4.0%
Chemicals - 1.7%
Ashland, Inc.	36,400		2,704,520
Axiall Corp.	65,000		4,040,400


All Cap Value Trust (continued)
		Shares or
		Principal
		Amount		Value


COMMON STOCKS (continued)
Chemicals (continued)
Celanese Corp., Series A		47,200	$	2,079,160

				8,824,080
Containers & Packaging - 0.6%
Berry Plastics Group, Inc. (I)		179,900		3,427,095
Metals & Mining - 1.1%
Reliance Steel & Aluminum Company		83,879		5,969,668
Paper & Forest Products - 0.6%
International Paper Company		68,500		3,190,730

				21,411,573
Telecommunication Services - 4.1%
Diversified Telecommunication Services - 4.1%
AT&T, Inc.		274,500		10,071,405
Verizon Communications, Inc.		238,900		11,741,935

				21,813,340

				21,813,340
Utilities - 3.4%
Electric Utilities - 2.2%
Duke Energy Corp.		60,332		4,379,500
Edison International		20,700		1,041,624
NextEra Energy, Inc.		36,120		2,805,802
Xcel Energy, Inc.		104,500		3,103,650

				11,330,576
Multi-Utilities - 1.2%
Dominion Resources, Inc.		69,700		4,055,146
PG&E Corp.		56,000		2,493,680

				6,548,826

				17,879,402

TOTAL COMMON STOCKS (Cost $439,850,694)			$	526,116,075


SECURITIES LENDING COLLATERAL - 3.4%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		1,799,788		18,013,539

TOTAL SECURITIES LENDING
COLLATERAL (Cost $18,013,379)			$	18,013,539


SHORT-TERM INVESTMENTS - 1.8%
Repurchase Agreement - 1.8%
Repurchase Agreement with State Street Corp.
dated 03/28/2013 at 0.010% to be
repurchased at $9,348,010 on 04/01/2013,
collateralized by $9,550,000 Federal Home
Loan Mortgage Corp., 1.600% due
01/09/2020 (valued at $9,538,063,
including interest)	$	9,348,000	$	9,348,000

TOTAL SHORT-TERM INVESTMENTS (Cost $9,348,000)			$	9,348,000

Total Investments (All Cap Value Trust)
(Cost $467,212,073) - 104.2%			$	553,477,614
Other assets and liabilities, net - (4.2%)				(22,327,519)

TOTAL NET ASSETS - 100.0%			$	531,150,095

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Alpha Opportunities Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 97.0%
Consumer Discretionary - 16.4%
Auto Components - 0.8%
Aisin Seiki Company, Ltd.	4,300	$	158,433
Allison Transmission Holdings, Inc.	177,130		4,252,891
Modine Manufacturing Company (I)	156,204		1,421,453
Stoneridge, Inc. (I)(L)	103,978		793,352
Tenneco, Inc. (I)	21,400		841,234

			7,467,363
Automobiles - 1.3%
Daihatsu Motor Company, Ltd.	7,500		155,818
Dongfeng Motor Group Company, Ltd.,
H Shares	1,191,820		1,679,858
Ford Motor Company	193,065		2,538,805
Harley-Davidson, Inc.	58,460		3,115,918
Hyundai Motor Company	5,350		1,077,084
Peugeot SA (I)(L)	156,530		1,136,274
Renault SA	17,503		1,099,092
Tesla Motors, Inc. (I)(L)	43,175		1,635,901

			12,438,750
Diversified Consumer Services - 0.0%
Apollo Group, Inc., Class A (I)	3,585		62,343

			62,343
Hotels, Restaurants & Leisure - 1.5%
Burger King Worldwide, Inc. (L)	283,749		5,419,606
Dunkin’ Brands Group, Inc.	54,580		2,012,910
Galaxy Entertainment Group, Ltd. (I)	75,000		314,272
Penn National Gaming, Inc. (I)(L)	63,940		3,480,254
Sands China, Ltd.	99,430		515,801
Wyndham Worldwide Corp.	30,220		1,948,586

			13,691,429
Household Durables - 1.4%
KB Home (L)	144,850		3,153,385
M/I Homes, Inc. (I)(L)	78,410		1,917,125
NVR, Inc. (I)	6,095		6,583,270
PDG Realty SA Empreendimentos
e Participacoes	99,050		154,402
Sekisui House, Ltd.	9,000		122,463
Sony Corp.	16,700		289,887
Tempur-Pedic International, Inc. (I)	19,690		977,215

			13,197,747
Internet & Catalog Retail - 1.5%
Amazon.com, Inc. (I)	25,945		6,914,083
Expedia, Inc. (L)	9,040		542,490
Netflix, Inc. (I)	1,450		274,645
priceline.com, Inc. (I)	8,910		6,129,456

			13,860,674
Leisure Equipment & Products - 0.4%
Hasbro, Inc. (L)	33,635		1,477,922
Mattel, Inc.	60,759		2,660,637

			4,138,559
Media - 2.5%
Charter Communications, Inc., Class A (I)	17,680		1,841,902
Comcast Corp., Special Class A	38,845		1,539,039
Gannett Company, Inc. (L)	17,400		380,538
Omnicom Group, Inc.	89,292		5,259,299
Pandora Media, Inc. (I)(L)	226,550		3,207,948
The Walt Disney Company	46,118		2,619,502
Time Warner, Inc.	107,386		6,187,581


Alpha Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Media (continued)
WPP PLC	166,326	$	2,660,332

			23,696,141
Multiline Retail - 0.5%
Maoye International Holdings, Ltd.	4,212,830		1,005,911
Target Corp.	61,209		4,189,756

			5,195,667
Specialty Retail - 5.1%
Abercrombie & Fitch Company, Class A	82,135		3,794,637
Advance Auto Parts, Inc.	63,385		5,238,770
Aeropostale, Inc. (I)(L)	55,700		757,520
AutoZone, Inc. (I)	8,859		3,514,985
Best Buy Company, Inc. (L)	24,435		541,235
Cabela’s, Inc. (I)(L)	5,600		340,368
CarMax, Inc. (I)(L)	13,335		556,070
Dick’s Sporting Goods, Inc. (L)	122,070		5,773,911
GameStop Corp., Class A (L)	88,045		2,462,619
Lowe’s Companies, Inc.	525,723		19,935,416
Tiffany & Company (L)	20,770		1,444,346
TJX Companies, Inc.	12,500		584,375
Urban Outfitters, Inc. (I)	29,750		1,152,515
Zhongsheng Group Holdings, Ltd.	1,220,510		1,478,882

			47,575,649
Textiles, Apparel & Luxury Goods - 1.4%
Deckers Outdoor Corp. (I)(L)	22,655		1,261,657
Fifth & Pacific Companies, Inc. (I)	164,483		3,105,439
Michael Kors Holdings, Ltd. (I)	12,550		712,715
Prada SpA	68,300		694,220
Quiksilver, Inc. (I)	151,150		917,481
Samsonite International SA	2,509,130		6,272,662

			12,964,174

			154,288,496
Consumer Staples - 5.5%
Beverages - 1.7%
Anheuser-Busch InBev NV	41,056		4,069,154
Brown-Forman Corp., Class B	6,800		485,520
Molson Coors Brewing Company, Class B	72,880		3,566,018
Monster Beverage Corp. (I)	58,084		2,772,930
PepsiCo, Inc.	66,216		5,238,348

			16,131,970
Food & Staples Retailing - 1.3%
CP ALL PCL	856,010		1,337,287
CVS Caremark Corp.	136,162		7,487,548
Olam International, Ltd. (L)	149,770		208,198
Walgreen Company	73,600		3,509,248

			12,542,281
Food Products - 1.7%
Asian Bamboo AG (L)	34,455		185,434
Asian Citrus Holdings, Ltd. (I)	2,273,014		1,172,079
China Minzhong Food Corp., Ltd. (I)(L)	1,002,155		976,006
General Mills, Inc.	59,926		2,954,951
Green Mountain Coffee Roasters, Inc. (I)(L)	29,285		1,662,217
Hillshire Brands Company	46,600		1,637,990
Kraft Foods Group, Inc.	66,733		3,438,751
Unilever NV - NY Shares	78,910		3,235,310
Universal Robina Corp.	306,350		847,910

			16,110,648

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Alpha Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Household Products - 0.1%
The Procter & Gamble Company	6,000	$	462,360

			462,360
Personal Products - 0.1%
The Estee Lauder Companies, Inc., Class A	7,200		461,016

			461,016
Tobacco - 0.6%
Altria Group, Inc.	27,100		931,969
Lorillard, Inc.	20,900		843,315
Philip Morris International, Inc.	45,190		4,189,565

			5,964,849

			51,673,124
Energy - 9.3%
Energy Equipment & Services - 2.2%
Baker Hughes, Inc.	177,600		8,242,416
Halliburton Company	160,185		6,473,076
McDermott International, Inc. (I)	156,775		1,722,957
Oceaneering International, Inc.	5,100		338,691
Superior Energy Services, Inc. (I)	41,545		1,078,924
Trican Well Service, Ltd.	236,130		3,463,441

			21,319,505
Oil, Gas & Consumable Fuels - 7.1%
Anadarko Petroleum Corp.	126,529		11,064,961
Banpu PCL	35,735		460,034
BG Group PLC	371,148		6,371,430
BP PLC, ADR	93,570		3,962,690
Cabot Oil & Gas Corp.	26,320		1,779,495
Chesapeake Energy Corp. (L)	31,470		642,303
Chevron Corp.	44,210		5,253,032
Cobalt International Energy, Inc. (I)	381,820		10,767,324
Exxon Mobil Corp.	47,240		4,256,796
JX Holdings, Inc.	250,180		1,406,263
Karoon Gas Australia, Ltd. (I)	688,201		3,682,872
KiOR, Inc., Class A (I)(L)	82,645		384,299
Occidental Petroleum Corp.	80,431		6,303,377
Pioneer Natural Resources Company	37,610		4,673,043
Royal Dutch Shell PLC, ADR, Class B (L)	54,170		3,619,639
Tesoro Corp.	31,650		1,853,108

			66,480,666

			87,800,171
Financials - 15.5%
Capital Markets - 3.0%
Ameriprise Financial, Inc.	21,962		1,617,501
BlackRock, Inc.	42,628		10,950,281
CETIP SA - Mercados Organizados	71,340		840,582
CITIC Securities Company, Ltd., H Shares	481,515		1,039,459
E*TRADE Financial Corp. (I)	304,455		3,260,713
LPL Financial Holdings, Inc.	33,220		1,071,013
Matsui Securities Company, Ltd.	63,665		681,727
Morgan Stanley	12,200		268,156
SBI Holdings, Inc. (L)	95,265		846,035
SEI Investments Company	206,610		5,960,699
T. Rowe Price Group, Inc.	24,130		1,806,613

			28,342,779
Commercial Banks - 3.5%
Agricultural Bank of China, Ltd., H Shares	2,008,675		963,497
BOK Financial Corp.	24,280		1,512,644
China Construction Bank Corp., H Shares	1,270,025		1,040,183
Cullen/Frost Bankers, Inc. (L)	10,265		641,870


Alpha Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Banks (continued)
First Niagara Financial Group, Inc.	100,030	$	886,266
First Republic Bank	44,390		1,714,342
Industrial & Commercial Bank of China, Ltd.,
H Shares	1,496,585		1,051,660
M&T Bank Corp. (L)	56,540		5,832,666
Mitsubishi UFJ Financial Group	41,800		251,962
PNC Financial Services Group, Inc.	129,913		8,639,215
The Bank of Yokohama, Ltd.	22,000		127,612
Wells Fargo & Company	273,649		10,122,277

			32,784,194
Consumer Finance - 0.1%
American Express Company	5,400		364,284
Discover Financial Services	7,400		331,816

			696,100
Diversified Financial Services - 2.4%
Bank of America Corp.	21,800		265,524
Citigroup, Inc.	165,230		7,309,775
IntercontinentalExchange, Inc. (I)	35,830		5,842,798
JPMorgan Chase & Company	129,283		6,135,771
Mitsubishi UFJ Lease &
Finance Company, Ltd.	183,100		958,829
Moody’s Corp.	20,590		1,097,859
ORIX Corp.	49,800		636,079

			22,246,635
Insurance - 5.3%
ACE, Ltd. (L)	50,950		4,533,022
AIA Group, Ltd.	450,360		1,968,195
Alleghany Corp. (I)	6,980		2,763,522
American International Group, Inc. (I)	420,422		16,320,782
Berkshire Hathaway, Inc., Class B (I)	21,430		2,233,006
China Pacific Insurance Group Company, Ltd.,
H Shares	587,010		1,938,753
China Taiping Insurance
Holdings Company, Ltd. (I)	495,005		844,816
Fidelity National Financial, Inc., Class A	87,000		2,195,010
Markel Corp. (I)(L)	9,700		4,883,950
Marsh & McLennan Companies, Inc.	167,120		6,345,546
MetLife, Inc.	27,000		1,026,540
MS&AD Insurance Group Holdings	7,900		175,984
T&D Holdings, Inc.	82,235		984,658
The Dai-ichi Life Insurance Company, Ltd.	170		228,378
Tokio Marine Holdings, Inc.	10,700		309,280
XL Group PLC (L)	92,850		2,813,355

			49,564,797
Real Estate Investment Trusts - 0.6%
Fibra Uno Administracion SA de CV	252,280		833,206
Public Storage	7,090		1,079,949
Rayonier, Inc.	39,850		2,377,850
Unibail-Rodamco SE	1,387		323,049
Weyerhaeuser Company	46,520		1,459,798

			6,073,852
Real Estate Management & Development - 0.5%
Bekasi Fajar Industrial Estate Tbk Pt (I)	4,115,000		411,217
BR Malls Participacoes SA	89,600		1,120,915
Countrywide PLC (I)	2,484		14,720
Forestar Group, Inc. (I)	28,700		627,382
Hemaraj Land And Development PCL	3,615,200		522,094
Mitsui Fudosan Company, Ltd.	8,500		242,475
Realogy Holdings Corp. (I)	21,119		1,031,452

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Alpha Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Real Estate Management & Development (continued)
Robinsons Land Corp.	1,349,920	$	843,266

			4,813,521
Thrifts & Mortgage Finance - 0.1%
Ocwen Financial Corp. (I)	29,310		1,111,435

			1,111,435

			145,633,313
Health Care - 13.0%
Biotechnology - 2.7%
Algeta ASA (I)(L)	39,130		1,316,922
Amgen, Inc.	8,500		871,335
Arena Pharmaceuticals, Inc. (I)(L)	181,130		1,487,077
Biogen Idec, Inc. (I)	9,420		1,817,212
BioMarin Pharmaceutical, Inc. (I)(L)	8,510		529,833
Gilead Sciences, Inc. (I)	123,940		6,064,384
Onyx Pharmaceuticals, Inc. (I)	40,565		3,604,606
Puma Biotechnology, Inc. (I)(L)	22,560		753,278
Regeneron Pharmaceuticals, Inc. (I)	21,508		3,794,011
Seattle Genetics, Inc. (I)(L)	49,910		1,772,304
TESARO, Inc. (I)	26,600		584,136
Vertex Pharmaceuticals, Inc. (I)	48,695		2,677,251

			25,272,349
Health Care Equipment & Supplies - 2.1%
Boston Scientific Corp. (I)	68,800		537,328
Edwards Lifesciences Corp. (I)	28,620		2,351,419
Hologic, Inc. (I)	426,795		9,645,567
Medtronic, Inc.	142,536		6,693,491
Stryker Corp.	4,900		319,676

			19,547,481
Health Care Providers & Services - 2.3%
Brookdale Senior Living, Inc. (I)	69,260		1,930,969
Cardinal Health, Inc.	156,212		6,501,543
Catamaran Corp. (I)	110,622		5,866,285
Cigna Corp.	49,875		3,110,704
HCA Holdings, Inc.	17,600		715,088
Laboratory Corp. of America Holdings (I)	28,980		2,613,996
Qualicorp SA (I)	96,380		968,689

			21,707,274
Health Care Technology - 0.1%
CareView Communications, Inc. (I)	1,381,395		828,837

			828,837
Life Sciences Tools & Services - 0.3%
Agilent Technologies, Inc.	78,830		3,308,495

			3,308,495
Pharmaceuticals - 5.5%
Actavis, Inc. (I)	50,850		4,683,794
Bristol-Myers Squibb Company	14,500		597,255
Eli Lilly & Company	58,660		3,331,301
H. Lundbeck A/S (L)	91,300		1,684,151
Hisamitsu Pharmaceutical Company, Inc.	3,800		205,847
Jazz Pharmaceuticals PLC (I)	9,160		512,136
Johnson & Johnson	160,535		13,088,419
Merck & Company, Inc.	93,510		4,135,947
Mylan, Inc. (I)	29,700		859,518
Pfizer, Inc.	70,833		2,044,240
Roche Holdings AG	58,672		13,698,335
Teva Pharmaceutical Industries, Ltd., ADR	130,973		5,197,009
TherapeuticsMD, Inc. (I)	678,320		1,220,976


Alpha Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Pharmaceuticals (continued)
Warner Chilcott PLC, Class A	39,265	$	532,041

			51,790,969

			122,455,405
Industrials - 13.8%
Aerospace & Defense - 2.6%
DigitalGlobe, Inc. (I)	135,070		3,904,874
Lockheed Martin Corp.	32,092		3,097,520
Northrop Grumman Corp.	43,558		3,055,594
Rolls-Royce Holdings PLC (I)	209,708		3,603,542
Safran SA	71,090		3,176,641
Textron, Inc.	15,300		456,093
TransDigm Group, Inc.	15,173		2,320,255
United Technologies Corp.	49,100		4,587,413

			24,201,932
Air Freight & Logistics - 1.2%
C.H. Robinson Worldwide, Inc.	45,105		2,681,943
United Parcel Service, Inc., Class B	101,061		8,681,140

			11,363,083
Airlines - 1.2%
AirAsia BHD	1,514,796		1,401,237
Delta Air Lines, Inc. (I)	375,740		6,203,467
Gol Linhas Aereas
Inteligentes SA, ADR (I)(L)	91,525		544,574
United Continental Holdings, Inc. (I)	108,575		3,475,486

			11,624,764
Building Products - 0.7%
Assa Abloy AB, Series B	7,034		287,714
Lennox International, Inc.	86,275		5,477,600
Masco Corp.	31,110		629,978

			6,395,292
Commercial Services & Supplies - 0.1%
Stericycle, Inc. (I)	6,900		732,642

			732,642
Construction & Engineering - 0.7%
Jacobs Engineering Group, Inc. (I)(L)	84,670		4,761,841
MasTec, Inc. (I)(L)	54,420		1,586,343

			6,348,184
Electrical Equipment - 1.3%
AMETEK, Inc. (L)	7,700		333,872
Eaton Corp. PLC	69,400		4,250,750
General Cable Corp. (I)	62,940		2,305,492
Hubbell, Inc., Class B	4,870		472,926
Polypore International, Inc. (I)(L)	133,958		5,382,432

			12,745,472
Industrial Conglomerates - 0.6%
3M Company	49,322		5,243,422

			5,243,422
Machinery - 2.2%
Amada Company, Ltd.	80,755		536,241
Barnes Group, Inc.	101,455		2,935,093
Fiat Industrial SpA	169,300		1,905,379
IDEX Corp. (L)	35,115		1,875,843
IHI Corp.	68,000		206,997
Jain Irrigation Systems, Ltd.	755,353		859,683
PACCAR, Inc. (L)	95,255		4,816,093
Pall Corp.	27,685		1,892,823
Stanley Black & Decker, Inc.	41,242		3,339,365

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Alpha Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Machinery (continued)
Terex Corp. (I)	45,915	$	1,580,394
Vallourec SA	9,510		457,580

			20,405,491
Professional Services - 1.1%
IHS, Inc., Class A (I)	59,580		6,239,218
ManpowerGroup, Inc.	14,130		801,454
Nielsen Holdings NV	20,100		719,982
Verisk Analytics, Inc., Class A (I)	38,358		2,364,004

			10,124,658
Road & Rail - 1.5%
Canadian National Railway Company	18,200		1,829,227
Canadian Pacific Railway, Ltd.	14,890		1,942,698
Hertz Global Holdings, Inc. (I)(L)	273,225		6,081,989
Kansas City Southern	22,880		2,537,392
Landstar System, Inc.	29,810		1,701,853

			14,093,159
Trading Companies & Distributors - 0.6%
MSC Industrial Direct Company, Inc., Class A	53,725		4,608,531
WESCO International, Inc. (I)	21,500		1,561,115

			6,169,646

			129,447,745
Information Technology - 15.9%
Communications Equipment - 2.5%
Alcatel-Lucent, ADR (I)(L)	1,466,505		1,950,452
Cisco Systems, Inc.	972,081		20,326,214
JDS Uniphase Corp. (I)	102,578		1,371,468

			23,648,134
Computers & Peripherals - 1.0%
Apple, Inc.	1,065		471,401
SanDisk Corp. (I)	139,030		7,646,650
Toshiba Corp.	251,620		1,281,134

			9,399,185
Electronic Equipment, Instruments & Components - 0.1%
Jabil Circuit, Inc.	44,800		827,904

			827,904
Internet Software & Services - 2.8%
Akamai Technologies, Inc. (I)	190,849		6,735,061
IAC/InterActiveCorp	29,910		1,336,379
LinkedIn Corp., Class A (I)	58,835		10,358,490
Web.com Group, Inc. (I)(L)	91,296		1,559,336
Yahoo!, Inc. (I)	263,484		6,199,779

			26,189,045
IT Services - 0.4%
Amadeus IT Holding SA, A Shares	49,865		1,349,890
Automatic Data Processing, Inc. (L)	40,898		2,659,188
Cap Gemini SA	5,043		229,849

			4,238,927
Semiconductors & Semiconductor Equipment - 3.8%
Analog Devices, Inc.	109,670		5,098,558
ASML Holding NV, ADR (L)	25,749		1,751,189
Avago Technologies, Ltd.	118,875		4,269,990
GT Advanced Technologies, Inc. (I)	55,400		182,266
Intel Corp.	333,915		7,296,043
Maxim Integrated Products, Inc.	16,900		551,785
Micron Technology, Inc. (I)	1,026,170		10,241,177
NXP Semiconductor NV (I)	85,530		2,588,138
RF Micro Devices, Inc. (I)	279,440		1,486,621


Alpha Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Semiconductors & Semiconductor Equipment (continued)
Samsung Electronics Company, Ltd.	815	$	1,110,033
Tokyo Electron, Ltd.	19,425		828,260

			35,404,060
Software - 5.3%
Adobe Systems, Inc. (I)	18,700		813,637
ANSYS, Inc. (I)	15,255		1,242,062
Autodesk, Inc. (I)	170,010		7,011,212
Cadence Design Systems, Inc. (I)	457,700		6,375,761
Concur Technologies, Inc. (I)(L)	78,080		5,360,973
FactSet Research Systems, Inc. (L)	15,965		1,478,359
Microsoft Corp.	231,107		6,611,971
NetSuite, Inc. (I)(L)	3,100		248,186
Oracle Corp.	194,510		6,290,453
Salesforce.com, Inc. (I)	17,750		3,174,233
ServiceNow, Inc. (I)	161,180		5,834,716
SolarWinds, Inc. (I)	7,100		419,610
Solera Holdings, Inc.	59,500		3,470,635
Splunk, Inc. (I)	7,900		316,237
TIBCO Software, Inc. (I)	54,660		1,105,225

			49,753,270

			149,460,525
Materials - 6.0%
Chemicals - 1.6%
Celanese Corp., Series A	51,110		2,251,396
Methanex Corp.	75,221		3,056,229
Mitsubishi Gas & Chemicals Company, Inc.	73,275		484,947
Mitsui Chemicals, Inc.	833,165		1,815,416
PTT Global Chemical PCL	389,990		925,535
Shin-Etsu Chemical Company, Ltd.	3,300		218,992
The Dow Chemical Company	80,750		2,571,080
The Mosaic Company	33,010		1,967,726
The Sherwin-Williams Company	11,485		1,939,702

			15,231,023
Construction Materials - 0.0%
Siam Cement PCL, NVDR	19,600		322,029

			322,029
Containers & Packaging - 1.4%
Graphic Packaging Holding Company (I)	179,615		1,345,316
MeadWestvaco Corp.	8,000		290,400
Packaging Corp. of America	62,220		2,791,811
Rock-Tenn Company, Class A	74,045		6,870,636
Silgan Holdings, Inc.	31,690		1,497,353

			12,795,516
Metals & Mining - 1.6%
AuRico Gold, Inc. (I)(L)	156,970		987,341
Barrick Gold Corp.	247,290		7,270,326
China Metal Recycling Holdings, Ltd. (L)	481,015		467,472
Continental Gold Ltd. (I)	375,650		2,411,023
Molycorp, Inc. (I)(L)	243,215		1,264,718
SunCoke Energy, Inc. (I)	114,770		1,874,194
Walter Energy, Inc. (L)	19,660		560,310

			14,835,384
Paper & Forest Products - 1.4%
International Paper Company	208,130		9,694,695
Louisiana-Pacific Corp. (I)	48,870		1,055,592
Norbord, Inc. (I)	68,300		2,324,963

			13,075,250

			56,259,202

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Alpha Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value


COMMON STOCKS (continued)
Telecommunication Services - 0.5%
Diversified Telecommunication Services - 0.4%
American Tower Corp.		10,146	$	780,430
AT&T, Inc.		79,080		2,901,445

				3,681,875
Wireless Telecommunication Services - 0.1%
NII Holdings, Inc. (I)		119,900		519,167
Softbank Corp.		4,900		225,792

				744,959

				4,426,834
Utilities - 1.1%
Electric Utilities - 0.1%
Xcel Energy, Inc.		16,000		475,200

				475,200
Gas Utilities - 0.7%
UGI Corp.		193,940		7,445,357
Independent Power Producers & Energy Traders - 0.3%
Calpine Corp. (I)		50,595		1,042,257
NRG Energy, Inc.		66,420		1,759,466

				2,801,723

				10,722,280

TOTAL COMMON STOCKS (Cost $793,693,964)			$	912,167,095

SECURITIES LENDING COLLATERAL - 8.4%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		7,919,120		79,260,091

TOTAL SECURITIES LENDING
COLLATERAL (Cost $79,259,628)			$	79,260,091

SHORT-TERM INVESTMENTS - 3.5%
Repurchase Agreement - 3.5%
Deutsche Bank Tri-Party Repurchase
Agreement dated 03/28/13 at 0.250% to be
repurchased at $32,600,906 on 04/01/2013,
collateralized by $31,303,102 Government
National Mortgage Association, 2.300% -
3.090% due 10/15/2041 - 03/15/2053
(valued at $33,252,000, including interest)	$	32,600,000	$	32,600,000

TOTAL SHORT-TERM INVESTMENTS (Cost $32,600,000)			$	32,600,000

Total Investments (Alpha Opportunities Trust)
(Cost $905,553,592) - 108.9%			$	1,024,027,186
Other assets and liabilities, net - (8.9%)				(83,710,827)

TOTAL NET ASSETS - 100.0%			$	940,316,359


American Asset Allocation Trust
	Shares or
	Principal
	Amount		Value


INVESTMENT COMPANIES - 100.0%
American Funds Insurance Series - 100.0%
American Asset Allocation Fund - Class 1	87,050,975	$	1,727,961,860

TOTAL INVESTMENT COMPANIES (Cost $1,156,646,995)		$	1,727,961,860

Total Investments (American Asset Allocation Trust)
(Cost $1,156,646,995) - 100.0%		$	1,727,961,860
Other assets and liabilities, net - 0.0%			(12,537)

TOTAL NET ASSETS - 100.0%		$	1,727,949,323




American Global Growth Trust
	Shares or
	Principal
	Amount		Value


INVESTMENT COMPANIES - 100.0%
American Funds Insurance Series - 100.0%
American Global Growth Fund - Class 1	6,977,218	$	174,500,215

TOTAL INVESTMENT COMPANIES (Cost $141,893,531)		$	174,500,215

Total Investments (American Global Growth Trust)
(Cost $141,893,531) - 100.0%		$	174,500,215
Other assets and liabilities, net - 0.0%			(11,524)

TOTAL NET ASSETS - 100.0%		$	174,488,691




American Global Small Capitalization Trust
	Shares or
	Principal
	Amount		Value


INVESTMENT COMPANIES - 100.1%
American Funds Insurance Series - 100.1%
American Global Small Capitalization
Fund - Class 1	4,214,908	$	93,739,545

			93,739,545
Total Investments (American Global Small Capitalization
Trust) (Cost $67,780,077) - 100.1%		$	93,739,545
Other assets and liabilities, net - (0.1%)			(62,463)

TOTAL NET ASSETS - 100.0%		$	93,677,082




American Growth Trust
	Shares or
	Principal
	Amount		Value

INVESTMENT COMPANIES - 100.0%
American Funds Insurance Series - 100.0%
American Growth Fund - Class 1	17,124,987	$	1,115,350,400

TOTAL INVESTMENT COMPANIES (Cost $847,475,184)		$	1,115,350,400

Total Investments (American Growth Trust)
(Cost $847,475,184) - 100.0%		$	1,115,350,400
Other assets and liabilities, net - 0.0%			(12,312)

TOTAL NET ASSETS - 100.0%		$	1,115,338,088

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


American Growth-Income Trust
	Shares or
	Principal
	Amount		Value


INVESTMENT COMPANIES - 100.0%
American Funds Insurance Series - 100.0%
American Growth-Income Fund - Class 1	31,916,135	$	1,340,158,519

TOTAL INVESTMENT COMPANIES (Cost $1,001,951,962)		$	1,340,158,519

Total Investments (American Growth-Income Trust)
(Cost $1,001,951,962) - 100.0%		$	1,340,158,519
Other assets and liabilities, net - 0.0%			(67,950)

TOTAL NET ASSETS - 100.0%		$	1,340,090,569




American High-Income Bond Trust
	Shares or
	Principal
	Amount		Value


INVESTMENT COMPANIES - 100.1%
American Funds Insurance Series - 100.1%
American High-Income Bond Fund - Class 1	9,232,289	$	105,432,740

TOTAL INVESTMENT COMPANIES (Cost $100,772,339)		$	105,432,740

Total Investments (American High-Income Bond Trust)
(Cost $100,772,339) - 100.1%		$	105,432,740
Other assets and liabilities, net - (0.1%)			(78,310)

TOTAL NET ASSETS - 100.0%		$	105,354,430




American International Trust
	Shares or
	Principal
	Amount		Value


INVESTMENT COMPANIES - 100.0%
American Funds Insurance Series - 100.0%
American International Fund - Class 1	38,169,022	$	701,928,309

TOTAL INVESTMENT COMPANIES (Cost $645,552,842)		$	701,928,309

Total Investments (American International Trust)
(Cost $645,552,842) - 100.0%		$	701,928,309
Other assets and liabilities, net - 0.0%			(12,469)

TOTAL NET ASSETS - 100.0%		$	701,915,840




American New World Trust
	Shares or
	Principal
	Amount		Value


INVESTMENT COMPANIES - 100.0%
American Funds Insurance Series - 100.0%
American New World Fund - Class 1	3,405,505	$	77,917,951

			77,917,951

TOTAL INVESTMENT COMPANIES (Cost $71,522,801)		$	77,917,951

Total Investments (American New World Trust)
(Cost $71,522,801) - 100.0%		$	77,917,951
Other assets and liabilities, net - 0.0%			(13,541)

TOTAL NET ASSETS - 100.0%		$	77,904,410


Blue Chip Growth Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 99.3%
Consumer Discretionary - 23.0%
Automobiles - 0.6%
Harley-Davidson, Inc.	215,500	$	11,486,148
Hotels, Restaurants & Leisure - 6.3%
Carnival Corp.	372,400		12,773,320
Chipotle Mexican Grill, Inc. (I)	37,300		12,154,951
Las Vegas Sands Corp.	434,000		24,455,900
Marriott International, Inc., Class A	198,929		8,400,772
McDonald’s Corp.	1,800		179,442
Starbucks Corp.	583,000		33,207,680
Starwood Hotels & Resorts Worldwide, Inc.	322,000		20,521,060
Tim Hortons, Inc.	3,500		190,120
Yum! Brands, Inc.	35,600		2,561,064

			114,444,309
Household Durables - 0.0%
Lennar Corp., Class A (L)	4,400		182,512
Internet & Catalog Retail - 7.2%
Amazon.com, Inc. (I)	296,389		78,984,705
Expedia, Inc. (L)	29,500		1,770,295
Liberty Interactive Corp., Series A (I)	93,800		2,005,444
priceline.com, Inc. (I)	69,800		48,017,514

			130,777,958
Media - 2.2%
Discovery
Communications, Inc., Series C (I)(L)	317,900		22,106,766
Omnicom Group, Inc. (L)	70,900		4,176,010
The Walt Disney Company	211,200		11,996,160
Time Warner, Inc.	25,400		1,463,548

			39,742,484
Multiline Retail - 0.3%
Dollar Tree, Inc. (I)	92,800		4,494,304
Specialty Retail - 2.7%
L Brands, Inc. (L)	221,100		9,874,326
Lowe’s Companies, Inc.	101,000		3,829,920
O’Reilly Automotive, Inc. (I)	138,900		14,244,195
Ross Stores, Inc.	86,900		5,267,878
The Home Depot, Inc.	211,400		14,751,492
Tiffany & Company	10,300		716,262

			48,684,073
Textiles, Apparel & Luxury Goods - 3.7%
Fossil, Inc. (I)(L)	162,300		15,678,180
Lululemon Athletica, Inc. (I)(L)	55,500		3,460,425
Michael Kors Holdings, Ltd. (I)	118,500		6,729,615
NIKE, Inc., Class B	174,100		10,273,641
PVH Corp.	133,500		14,259,135
Ralph Lauren Corp.	103,200		17,472,792

			67,873,788

			417,685,576
Consumer Staples - 2.6%
Beverages - 0.3%
Anheuser-Busch InBev NV, ADR	13,400		1,333,970
Monster Beverage Corp. (I)	53,800		2,568,412
The Coca-Cola Company	17,100		691,524

			4,593,906
Food & Staples Retailing - 1.5%
Costco Wholesale Corp.	42,900		4,552,119
CVS Caremark Corp.	158,200		8,699,418
The Kroger Company	46,000		1,524,440

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Blue Chip Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Food & Staples Retailing (continued)
Wal-Mart Stores, Inc.	2,400	$	179,592
Whole Foods Market, Inc.	148,300		12,865,025

			27,820,594
Food Products - 0.4%
Green Mountain Coffee Roasters, Inc. (I)(L)	115,700		6,567,132
Nestle SA	15,011		1,085,986

			7,653,118
Household Products - 0.4%
The Procter & Gamble Company	96,900		7,467,114
Personal Products - 0.0%
The Estee Lauder Companies, Inc., Class A	2,800		179,284

			47,714,016
Energy - 5.3%
Energy Equipment & Services - 1.9%
Cameron International Corp. (I)	156,000		10,171,200
FMC Technologies, Inc. (I)	61,800		3,361,302
Schlumberger, Ltd.	276,492		20,706,486

			34,238,988
Oil, Gas & Consumable Fuels - 3.4%
Cabot Oil & Gas Corp.	14,300		966,823
Concho Resources, Inc. (I)	26,400		2,572,152
EOG Resources, Inc.	105,600		13,524,192
EQT Corp.	119,600		8,102,900
Phillips 66	161,600		11,307,152
Pioneer Natural Resources Company	112,800		14,015,400
Range Resources Corp. (L)	141,900		11,499,576

			61,988,195

			96,227,183
Financials - 8.1%
Capital Markets - 5.1%
Ameriprise Financial, Inc.	57,151		4,209,171
Franklin Resources, Inc.	224,565		33,866,648
Invesco, Ltd.	689,800		19,976,608
Morgan Stanley	253,600		5,574,128
Northern Trust Corp.	125,289		6,835,768
State Street Corp.	215,607		12,740,218
TD Ameritrade Holding Corp.	243,800		5,027,156
The Goldman Sachs Group, Inc.	36,376		5,352,728

			93,582,425
Commercial Banks - 0.4%
U.S. Bancorp	222,200		7,539,246
Consumer Finance - 1.2%
American Express Company	310,852		20,970,076
Diversified Financial Services - 1.2%
Citigroup, Inc.	142,800		6,317,472
IntercontinentalExchange, Inc. (I)(L)	52,600		8,577,482
JPMorgan Chase & Company	152,700		7,247,142

			22,142,096
Insurance - 0.2%
Marsh & McLennan Companies, Inc.	99,700		3,785,609

			148,019,452
Health Care - 13.7%
Biotechnology - 7.0%
Alexion Pharmaceuticals, Inc. (I)	157,100		14,475,194
Amgen, Inc.	5,600		574,056
Biogen Idec, Inc. (I)	166,000		32,023,060


Blue Chip Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Biotechnology (continued)
Celgene Corp. (I)	251,600	$	29,162,956
Gilead Sciences, Inc. (I)	859,700		42,065,121
Onyx Pharmaceuticals, Inc. (I)	2,100		186,606
Regeneron Pharmaceuticals, Inc. (I)(L)	50,900		8,978,760

			127,465,753
Health Care Equipment & Supplies - 1.4%
Baxter International, Inc.	94,000		6,828,160
Becton, Dickinson and Company	9,700		927,417
Covidien PLC	109,600		7,435,264
Edwards Lifesciences Corp. (I)	61,600		5,061,056
Stryker Corp.	87,179		5,687,558

			25,939,455
Health Care Providers & Services - 2.9%
Express Scripts Holding Company (I)	235,300		13,565,045
Henry Schein, Inc. (I)(L)	9,700		897,735
McKesson Corp.	284,300		30,693,028
UnitedHealth Group, Inc.	125,300		7,168,413

			52,324,221
Health Care Technology - 0.2%
Cerner Corp. (I)(L)	29,800		2,823,550
Life Sciences Tools & Services - 0.9%
Thermo Fisher Scientific, Inc.	215,200		16,460,648
Pharmaceuticals - 1.3%
Allergan, Inc.	155,300		17,336,139
Perrigo Company	17,000		2,018,410
Valeant Pharmaceuticals International, Inc.
(Toronto Exchange) (I)	56,400		4,231,128
Zoetis, Inc. (I)	17,500		584,500

			24,170,177

			249,183,804
Industrials - 14.4%
Aerospace & Defense - 4.0%
Honeywell International, Inc.	203,600		15,341,260
Precision Castparts Corp.	165,800		31,438,996
The Boeing Company	189,700		16,285,745
United Technologies Corp.	96,900		9,053,367

			72,119,368
Air Freight & Logistics - 1.1%
FedEx Corp.	199,900		19,630,180
Airlines - 0.5%
United Continental Holdings, Inc. (I)	299,500		9,586,995
Electrical Equipment - 0.6%
Eaton Corp. PLC	2,800		171,500
Roper Industries, Inc.	87,600		11,152,356

			11,323,856
Industrial Conglomerates - 3.5%
3M Company	60,800		6,463,648
Danaher Corp.	902,826		56,110,636

			62,574,284
Machinery - 0.0%
Flowserve Corp.	2,400		402,504
Professional Services - 0.4%
IHS, Inc., Class A (I)	72,600		7,602,672
Verisk Analytics, Inc., Class A (I)	3,400		209,542

			7,812,214

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Blue Chip Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Road & Rail - 3.0%
J.B. Hunt Transport Services, Inc. (L)	42,100	$	3,135,608
Kansas City Southern	138,000		15,304,200
Union Pacific Corp.	248,900		35,445,849

			53,885,657
Trading Companies & Distributors - 1.3%
Fastenal Company (L)	347,800		17,859,530
W.W. Grainger, Inc.	26,400		5,939,472

			23,799,002

			261,134,060
Information Technology - 25.4%
Communications Equipment - 2.5%
F5 Networks, Inc. (I)	2,800		249,424
Juniper Networks, Inc. (I)	247,121		4,581,623
QUALCOMM, Inc.	607,177		40,650,500

			45,481,547
Computers & Peripherals - 2.5%
Apple, Inc.	84,300		37,313,709
EMC Corp. (I)	389,200		9,297,988

			46,611,697
Electronic Equipment, Instruments & Components - 0.1%
Amphenol Corp., Class A	21,400		1,597,510
Internet Software & Services - 10.0%
Akamai Technologies, Inc. (I)	23,000		811,670
Baidu, Inc., ADR (I)(L)	110,700		9,708,390
eBay, Inc. (I)	668,278		36,234,033
Facebook, Inc., Class A (I)	552,908		14,143,387
Google, Inc., Class A (I)	120,366		95,574,215
LinkedIn Corp., Class A (I)	71,200		12,535,472
Tencent Holdings, Ltd.	418,100		13,314,883

			182,322,050
IT Services - 6.4%
Accenture PLC, Class A	105,200		7,992,044
Alliance Data Systems Corp. (I)	50,000		8,094,500
Cognizant Technology
Solutions Corp., Class A (I)	106,300		8,143,643
Fiserv, Inc. (I)	87,400		7,676,342
Mastercard, Inc., Class A	102,700		55,574,051
Visa, Inc., Class A	167,400		28,431,216

			115,911,796
Semiconductors & Semiconductor Equipment - 1.4%
Broadcom Corp., Class A	558,900		19,377,063
Xilinx, Inc.	145,125		5,539,421

			24,916,484
Software - 2.5%
Autodesk, Inc. (I)	170,900		7,047,916
Citrix Systems, Inc. (I)	25,700		1,854,512
Intuit, Inc.	68,800		4,516,720
Red Hat, Inc. (I)	210,700		10,652,992
Salesforce.com, Inc. (I)(L)	119,700		21,405,951

			45,478,091

			462,319,175
Materials - 4.6%
Chemicals - 4.6%
Ecolab, Inc.	190,100		15,242,218
Monsanto Company	158,504		16,742,778
Praxair, Inc.	241,900		26,981,526


Blue Chip Growth Trust (continued)
		Shares or
		Principal
		Amount		Value


COMMON STOCKS (continued)
Chemicals (continued)
The Sherwin-Williams Company		146,700	$	24,776,163

				83,742,685

				83,742,685
Telecommunication Services - 2.2%
Diversified Telecommunication Services - 2.2%
American Tower Corp.		514,938		39,609,031

TOTAL COMMON STOCKS (Cost $1,238,257,027)			$	1,805,634,982


SECURITIES LENDING COLLATERAL - 2.8%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		4,981,913		49,862,474

TOTAL SECURITIES LENDING
COLLATERAL (Cost $49,862,646)			$	49,862,474


SHORT-TERM INVESTMENTS - 0.5%
Money Market Funds - 0.5%
State Street Institutional U.S. Government
Money Market Fund, 0.0241% (Y)		326,210		326,210
T. Rowe Price Prime Reserve Investment
Fund, 0.0959% (Y)		9,278,437		9,278,437

				9,604,647

TOTAL SHORT-TERM INVESTMENTS (Cost $9,604,647)			$	9,604,647

Total Investments (Blue Chip Growth Trust)
(Cost $1,297,724,320) - 102.6%			$	1,865,102,103
Other assets and liabilities, net - (2.6%)				(46,464,673)

TOTAL NET ASSETS - 100.0%			$	1,818,637,430




Bond Trust
		Shares or
		Principal
		Amount		Value


U.S. GOVERNMENT & AGENCY
OBLIGATIONS - 49.1%
U.S. Government - 17.6%
U.S. Treasury Bonds 2.750%, 11/15/2042	$	159,345,000	$	148,016,527
U.S. Treasury Notes
0.625%, 08/31/2017 to 11/30/2017		310,240,000		309,872,353
0.750%, 10/31/2017 to 12/31/2017		131,500,000		131,905,026
1.000%, 03/31/2017		232,175,000		236,274,282
2.000%, 02/15/2023		156,202,000		158,301,042
2.625%, 08/15/2020		365,650,000		399,701,156
U.S. Treasury Strips, PO 2.909%, 11/15/2030		40,870,000		24,208,527

				1,408,278,913
U.S. Government Agency - 31.5%
Federal Home Loan Mortgage Corp.
1.750%, 05/30/2019		39,220,000		40,366,008
2.380%, 04/01/2042 (P)		33,951,183		35,581,893
2.621%, 06/01/2035 (P)		6,067,301		6,521,948
3.000%, 08/01/2042		—		0
3.500%, 10/01/2026 to 05/01/2042		22,926,600		24,193,694
4.000%, 09/01/2041 to 11/01/2041		50,723,097		53,903,197
4.281%, 09/01/2039 (P)		1,772,254		1,883,234
4.284%, 09/01/2039 (P)		1,323,760		1,423,768
4.500%, 09/01/2041 to 10/01/2041 (C)		79,190,989		85,142,682
5.000%, 09/01/2040 to 04/01/2041		54,433,727		58,745,459
6.000%, 11/01/2037		16,884,625		18,577,704

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


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)
6.500%, 05/01/2037 to 09/01/2039	$	43,540,692	$	48,606,987
Federal National Mortgage Association
2.438%, 04/01/2042 (P)		19,235,345		20,065,389
2.494%, 02/01/2042 (P)		14,034,631		14,701,136
2.602%, 02/01/2042 (P)		7,534,091		7,892,457
2.659%, 10/01/2035 (P)		69,997,211		74,821,629
3.000%, TBA (C)		197,935,000		204,173,139
3.000%, 09/01/2027 to 03/01/2043		141,116,584		145,056,850
3.012%, 02/01/2042 (P)		9,929,680		10,382,265
3.500%, 02/01/2026 to 08/01/2042		348,560,840		369,468,978
4.000%, 12/01/2024 to 04/01/2042		159,833,911		172,142,902
4.450%, 09/01/2039 (P)		4,334,407		4,599,378
4.500%, 01/01/2027 to 02/01/2042		291,190,836		316,367,590
4.500%, 05/01/2041 (C)		92,417,406		99,727,770
5.000%, 02/01/2033 to 12/01/2041		363,444,976		399,266,450
5.500%, 02/01/2036 to 05/01/2040		85,649,978		93,685,341
6.000%, 04/01/2035 to 06/01/2040		24,222,640		26,628,631
6.500%, 07/01/2036 to 10/01/2039		101,866,022		113,584,675
6.500%, 08/01/2038 (C)		13,905,534		15,502,497
Government National Mortgage Association
3.500%, 11/20/2039 (P)		7,535,437		7,931,500
4.000%, 10/15/2039 to 11/15/2041		36,027,595		39,360,305
5.000%, 08/15/2039		545,131		602,268

				2,510,907,724

TOTAL U.S. GOVERNMENT & AGENCY
OBLIGATIONS (Cost $3,882,020,266)			$	3,919,186,637


FOREIGN GOVERNMENT
OBLIGATIONS - 0.1%
South Korea - 0.1%
Korea Development Bank
4.000%, 09/09/2016		8,355,000		9,096,490

TOTAL FOREIGN GOVERNMENT
OBLIGATIONS (Cost $8,328,466)			$	9,096,490


CORPORATE BONDS - 35.1%
Consumer Discretionary - 3.4%
Best Buy Company, Inc.
7.250%, 07/15/2013		12,853,000		13,045,795
BorgWarner, Inc.
5.750%, 11/01/2016		4,770,000		5,441,139
CBS Corp.
7.875%, 07/30/2030		13,795,000		18,260,028
DIRECTV Holdings LLC
5.875%, 10/01/2019		26,252,000		31,109,355
Expedia, Inc.
5.950%, 08/15/2020		11,240,000		12,504,680
Ford Motor Company
4.750%, 01/15/2043		9,640,000		8,987,131
6.625%, 10/01/2028		2,910,000		3,357,936
Ford Motor Credit Company LLC
5.000%, 05/15/2018		12,129,000		13,365,079
5.875%, 08/02/2021		38,711,000		44,309,424
8.000%, 12/15/2016		12,880,000		15,443,197
Hyundai Capital Services, Inc.
4.375%, 07/27/2016 (S)		8,795,000		9,505,715
6.000%, 05/05/2015 (S)		10,350,000		11,316,255
Hyundai Motor Manufacturing
4.500%, 04/15/2015 (S)		11,100,000		11,774,492


Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Consumer Discretionary (continued)
Kia Motors Corp.
3.625%, 06/14/2016 (S)	$	8,100,000	$	8,564,648
Macy’s Retail Holdings, Inc.
7.875%, 08/15/2036		10,453,000		11,648,290
News America, Inc.
6.150%, 03/01/2037		3,580,000		4,206,625
6.400%, 12/15/2035		4,035,000		4,883,972
Nissan Motor Acceptance Corp.
1.950%, 09/12/2017 (S)		13,745,000		13,953,374
QVC, Inc.
4.375%, 03/15/2023 (S)		8,645,000		8,745,827
5.125%, 07/02/2022		2,665,000		2,824,860
Seminole Indian Tribe of Florida
6.535%, 10/01/2020 (S)		115,000		127,075
Time Warner Cable, Inc.
8.250%, 04/01/2019		14,595,000		19,008,032

				272,382,929
Consumer Staples - 1.2%
Bunge, Ltd. Finance Corp.
4.100%, 03/15/2016		14,250,000		15,242,185
5.100%, 07/15/2015		3,455,000		3,746,426
8.500%, 06/15/2019		11,438,000		14,751,051
ConAgra Foods, Inc.
3.200%, 01/25/2023		9,455,000		9,431,022
Pernod-Ricard SA
2.950%, 01/15/2017 (S)		8,970,000		9,424,528
Safeway, Inc.
3.400%, 12/01/2016		20,525,000		21,645,070
7.250%, 02/01/2031		6,740,000		7,743,391
The Kroger Company
6.400%, 08/15/2017		12,930,000		15,449,708

				97,433,381
Energy - 3.2%
Anadarko Petroleum Corp.
8.700%, 03/15/2019		14,070,000		18,952,670
Boardwalk Pipelines LP
5.500%, 02/01/2017		5,645,000		6,304,172
DCP Midstream LLC
9.750%, 03/15/2019 (S)		14,275,000		18,808,754
DCP Midstream Operating LP
2.500%, 12/01/2017		11,315,000		11,492,091
3.875%, 03/15/2023		6,030,000		6,067,072
Energy Transfer Partners LP
5.200%, 02/01/2022		3,895,000		4,375,830
9.700%, 03/15/2019		10,085,000		13,600,893
Enterprise Products Operating LLC
6.500%, 01/31/2019		31,220,000		38,781,265
6.650%, 04/15/2018		6,695,000		8,270,755
Kerr-McGee Corp.
6.950%, 07/01/2024		17,575,000		22,031,756
Kinder Morgan Energy Partners LP
7.750%, 03/15/2032		4,185,000		5,603,020
NuStar Logistics LP
8.150%, 04/15/2018		6,576,000		7,526,857
ONEOK Partners LP
6.150%, 10/01/2016		9,147,000		10,582,649
Petrohawk Energy Corp.
6.250%, 06/01/2019		17,215,000		19,558,030
Petroleos Mexicanos
4.875%, 01/24/2022		6,270,000		6,944,025
Rowan Companies, Inc.
4.875%, 06/01/2022		9,415,000		10,240,743

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Energy (continued)
Suncor Energy, Inc.
6.100%, 06/01/2018	$	9,440,000	$	11,424,033
TransCanada Pipelines, Ltd. (6.350% to
5/15/17, then 3 month LIBOR + 2.210%)
05/15/2067		16,140,000		17,223,204
Williams Partners LP
5.250%, 03/15/2020		17,835,000		20,335,253

				258,123,072
Financials - 16.5%
Abbey National Treasury Services PLC
4.000%, 04/27/2016		17,595,000		18,711,614
Aflac, Inc.
8.500%, 05/15/2019		11,585,000		15,665,028
American Campus Communities Operating
Partnership LP
3.750%, 04/15/2023 (C)		9,060,000		9,119,271
American International Group, Inc.
8.250%, 08/15/2018		16,225,000		21,029,200
Aon PLC
4.250%, 12/12/2042 (S)		7,435,000		7,192,076
AXA SA
8.600%, 12/15/2030		1,770,000		2,272,151
AXA SA (6.379% to 12/14/2036, then
3 month LIBOR + 2.256%)
12/14/2036 (Q)(S)		7,000,000		6,947,500
Banco de Credito del Peru
4.750%, 03/16/2016 (S)		7,360,000		7,912,000
Bank of America Corp.
3.300%, 01/11/2023		7,590,000		7,489,766
5.000%, 05/13/2021		18,765,000		21,046,655
6.500%, 08/01/2016		8,010,000		9,225,814
Bank of America NA
5.300%, 03/15/2017		4,550,000		5,100,013
Barclays Bank PLC
6.050%, 12/04/2017 (S)		17,465,000		19,474,732
6.750%, 05/22/2019		18,545,000		23,079,698
10.179%, 06/12/2021 (S)		6,150,000		8,237,126
BioMed Realty LP
6.125%, 04/15/2020		3,400,000		3,986,813
Boston Properties LP
3.700%, 11/15/2018		5,455,000		5,984,435
BPCE SA (12.500% to 09/30/2019, then
3 month LIBOR + 12.980%)
09/30/2019 (Q)(S)		60,000		74,006
Brandywine Operating Partnership LP
7.500%, 05/15/2015		10,007,000		11,209,281
Capital One Financial Corp.
4.750%, 07/15/2021		13,530,000		15,275,803
Citigroup, Inc.
4.500%, 01/14/2022		10,320,000		11,481,475
6.875%, 03/05/2038		300,000		394,184
8.500%, 05/22/2019		13,730,000		18,300,978
CNA Financial Corp.
5.875%, 08/15/2020		7,940,000		9,352,256
7.250%, 11/15/2023		14,888,000		18,965,079
Credit Agricole SA
2.625%, 01/21/2014 (S)		6,000,000		6,069,432
DDR Corp.
4.625%, 07/15/2022		2,460,000		2,662,815
7.875%, 09/01/2020		3,255,000		4,140,799
Discover Bank
7.000%, 04/15/2020		10,035,000		12,498,211


Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
Discover Financial Services
5.200%, 04/27/2022	$	14,460,000	$	16,271,578
First Horizon National Corp.
5.375%, 12/15/2015		27,852,000		30,297,573
General Electric Capital Corp.
0.770%, 08/15/2036 (P)		9,945,000		8,233,983
4.375%, 09/16/2020		7,625,000		8,520,099
5.550%, 05/04/2020		4,715,000		5,626,579
5.875%, 01/14/2038		1,455,000		1,699,101
6.000%, 08/07/2019		18,540,000		22,520,946
Goodman Funding Pty, Ltd.
6.375%, 04/15/2021 (S)		17,030,000		19,721,847
Hartford Financial Services Group, Inc.
5.500%, 03/30/2020		5,450,000		6,359,670
6.000%, 01/15/2019		2,570,000		3,067,480
HCP, Inc.
5.375%, 02/01/2021		6,355,000		7,386,315
5.625%, 05/01/2017		14,670,000		16,857,092
Health Care REIT, Inc.
4.125%, 04/01/2019		7,080,000		7,679,315
4.700%, 09/15/2017		4,400,000		4,934,274
4.950%, 01/15/2021		5,365,000		5,968,010
6.125%, 04/15/2020		14,665,000		17,347,243
6.200%, 06/01/2016		595,000		678,016
Healthcare Realty Trust, Inc.
6.500%, 01/17/2017		12,120,000		13,954,023
Highwoods Realty LP
5.850%, 03/15/2017		18,630,000		20,907,294
Host Hotels & Resorts LP
3.750%, 10/15/2023		4,360,000		4,377,048
ICICI Bank, Ltd.
4.700%, 02/21/2018 (S)		11,400,000		12,037,613
5.750%, 11/16/2020 (S)		9,690,000		10,673,477
International Lease Finance Corp.
7.125%, 09/01/2018 (S)		6,465,000		7,596,375
Jefferies Group, Inc.
6.875%, 04/15/2021		14,410,000		16,821,369
8.500%, 07/15/2019		7,975,000		9,928,157
Jones Lang Lasalle, Inc.
4.400%, 11/15/2022		3,730,000		3,839,707
JPMorgan Chase & Company
4.250%, 10/15/2020		21,130,000		23,197,761
4.625%, 05/10/2021		24,265,000		27,137,539
JPMorgan Chase & Company (7.900% to
04/30/2018, then 3 month LIBOR + 3.470%)
04/30/2018 (Q)		14,175,000		16,292,263
Liberty Mutual Group, Inc.
5.000%, 06/01/2021 (S)		18,005,000		19,772,983
Lincoln National Corp.
4.200%, 03/15/2022		7,000,000		7,603,400
8.750%, 07/01/2019		8,074,000		10,949,087
Lincoln National Corp. (6.050% to 04/20/17,
then 3 month LIBOR + 2.040%)
04/20/2067		11,130,000		11,185,650
Lincoln National Corp. (7.000% to
05/17/2016, then 3 month LIBOR + 2.358%)
05/17/2066		3,675,000		3,766,875
Macquarie Bank, Ltd.
6.625%, 04/07/2021 (S)		5,695,000		6,367,426
Macquarie Group, Ltd.
6.000%, 01/14/2020 (S)		7,365,000		8,084,222
Merrill Lynch & Company, Inc.
6.875%, 04/25/2018		19,045,000		22,997,752

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
Merrill Lynch & Company, Inc. (continued)
7.750%, 05/14/2038	$	7,895,000	$	10,537,125
MetLife, Inc.
6.400%, 12/15/2036		8,960,000		9,813,628
Moody’s Corp.
4.500%, 09/01/2022		7,595,000		7,832,450
Morgan Stanley
5.550%, 04/27/2017		23,360,000		26,421,935
5.750%, 01/25/2021		15,725,000		18,182,110
6.000%, 04/28/2015		5,900,000		6,426,782
6.375%, 07/24/2042		11,670,000		14,043,398
7.300%, 05/13/2019		11,610,000		14,374,445
Nippon Life Insurance Company
5.000%, 10/18/2042 (P)(S)		9,280,000		9,486,647
Nordea Bank AB
3.125%, 03/20/2017 (S)		19,655,000		20,790,961
Pacific LifeCorp.
6.000%, 02/10/2020 (S)		5,280,000		6,095,200
ProLogis International Funding II
4.875%, 02/15/2020 (S)		5,455,000		5,596,962
ProLogis LP
4.500%, 08/15/2017		1,325,000		1,457,283
6.250%, 03/15/2017		13,645,000		15,772,146
7.625%, 08/15/2014		5,000,000		5,405,060
Prudential Financial, Inc.
4.500%, 11/15/2020		18,925,000		21,283,301
5.200%, 03/15/2044 (P)		3,025,000		3,037,893
Prudential Financial, Inc. (5.875% to
09/15/2022, then 3 month LIBOR + 4.175%)
09/15/2042		12,740,000		13,568,100
Qwest Corp.
6.750%, 12/01/2021		21,760,000		25,069,435
Rabobank Nederland NV
3.950%, 11/09/2022		5,000,000		5,037,795
Rabobank Nederland NV (11.000% to
06/30/2019, then 3 month
LIBOR + 10.868%)
06/30/2019 (Q)(S)		14,362,000		19,209,175
Royal Bank of Scotland Group PLC
6.125%, 12/15/2022		10,435,000		10,799,995
6.400%, 10/21/2019		19,180,000		22,911,833
Santander Holdings USA, Inc.
4.625%, 04/19/2016		2,595,000		2,775,267
Sberbank of Russia
6.125%, 02/07/2022 (S)		4,250,000		4,749,375
SunTrust Banks, Inc.
3.500%, 01/20/2017		19,690,000		21,090,589
Swedbank AB
2.125%, 09/29/2017 (S)		12,825,000		12,984,543
Teachers Insurance & Annuity Association of
America
6.850%, 12/16/2039 (S)		13,160,000		17,587,695
The Bear Stearns Companies LLC
7.250%, 02/01/2018		325,000		404,069
The Chubb Corp. (6.375% until 04/15/2017,
then 3 month LIBOR + 2.250%)
03/29/2067		16,865,000		18,530,419
The Goldman Sachs Group, Inc.
5.250%, 07/27/2021		32,530,000		36,881,408
6.750%, 10/01/2037		15,975,000		17,926,234
The Hanover Insurance Group, Inc.
6.375%, 06/15/2021		3,160,000		3,651,361


Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
U.S. Bancorp
3.442%, 02/01/2016	$	18,395,000	$	19,579,914
UBS AG
7.625%, 08/17/2022		12,675,000		14,172,501
Unum Group
5.625%, 09/15/2020		4,762,000		5,521,987
7.125%, 09/30/2016		6,993,000		8,247,460
UnumProvident Finance Company PLC
6.850%, 11/15/2015 (S)		9,155,000		10,319,745
USB Realty Corp.
1.451%, 01/15/2017 (P)(Q)(S)		565,000		489,431
Ventas Realty LP
2.700%, 04/01/2020		6,110,000		6,135,185
4.000%, 04/30/2019		9,330,000		10,187,511
4.750%, 06/01/2021		18,423,000		20,486,468
Wachovia Bank NA
5.850%, 02/01/2037		8,975,000		10,869,999
WEA Finance LLC
6.750%, 09/02/2019 (S)		7,480,000		9,255,393
Wells Fargo & Company, Series K (7.980% to
03/15/2018, then 3 month LIBOR + 3.770%)
03/15/2018 (Q)		18,614,000		21,475,903
WR Berkley Corp.
5.375%, 09/15/2020		7,530,000		8,501,370

				1,318,534,839
Health Care - 1.2%
AbbVie, Inc.
2.900%, 11/06/2022 (S)		12,695,000		12,715,959
Medco Health Solutions, Inc.
7.125%, 03/15/2018		20,350,000		25,192,913
Mylan, Inc.
7.875%, 07/15/2020 (S)		15,750,000		18,382,455
Quest Diagnostics, Inc.
6.400%, 07/01/2017		10,000,000		11,694,870
WellPoint, Inc.
7.000%, 02/15/2019		17,835,000		22,315,598
Zoetis, Inc.
3.250%, 02/01/2023 (S)		6,300,000		6,393,435

				96,695,230
Industrials - 3.3%
Air Lease Corp.
4.500%, 01/15/2016		2,680,000		2,780,500
6.125%, 04/01/2017		4,985,000		5,396,263
America West Airlines 2000-1 Pass
Through Trust
8.057%, 07/02/2020		2,453,799		2,735,986
Continental Airlines 1997-4 Class A Pass
Through Trust
6.900%, 01/02/2018		6,612,015		7,174,036
Continental Airlines 1998-1 Class A Pass
Through Trust
6.648%, 09/15/2017		2,782,794		2,970,633
Continental Airlines 1999-1 Class A Pass
Through Trust
6.545%, 02/02/2019		4,194,600		4,635,033
Continental Airlines 2007-1 Class A Pass
Through Trust
5.983%, 04/19/2022		13,839,336		15,742,244
Continental Airlines 2010-1 Class A Pass
Through Trust
4.750%, 01/12/2021		2,852,660		3,130,795

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Industrials (continued)
Delta Air Lines 2007-1 Class A Pass
Through Trust
6.821%, 08/10/2022	$	17,282,309	$	19,572,215
Delta Air Lines 2010-1 Class A Pass
Through Trust
6.200%, 07/02/2018		2,832,040		3,228,526
Delta Air Lines 2011-1 Class A Pass
Through Trust
5.300%, 04/15/2019		8,310,663		9,183,282
Embraer Overseas, Ltd.
6.375%, 01/15/2020		7,410,000		8,568,183
ERAC USA Finance LLC
5.900%, 11/15/2015 (S)		6,756,000		7,572,199
General Electric Company
4.125%, 10/09/2042		6,335,000		6,363,007
Northwest Airlines 2002-1 Class G-2 Pass
Through Trust
6.264%, 11/20/2021		3,105,107		3,291,414
Northwest Airlines 2007-1 Class A Pass
Through Trust
7.027%, 11/01/2019		65,777		74,328
Odebrecht Finance, Ltd.
6.000%, 04/05/2023 (S)		9,041,000		10,125,920
7.125%, 06/26/2042 (S)		13,555,000		15,351,038
7.500%, 09/14/2015 (Q)(S)		5,520,000		5,878,800
Penske Truck Leasing Company LP
2.875%, 07/17/2018 (S)		11,600,000		11,834,239
3.750%, 05/11/2017 (S)		23,380,000		25,056,252
Ryder System, Inc.
3.500%, 06/01/2017		14,670,000		15,698,778
Textron, Inc.
5.600%, 12/01/2017		6,839,000		7,716,286
6.200%, 03/15/2015		4,000,000		4,357,008
7.250%, 10/01/2019		6,440,000		7,802,517
The ADT Corp.
2.250%, 07/15/2017 (S)		9,395,000		9,435,023
UAL 2009-2A Pass Through Trust
9.750%, 01/15/2017		8,649,779		10,033,744
US Airways 2012-1 Class A Pass
Through Trust
5.900%, 10/01/2024		5,100,000		5,699,250
Voto-Votorantim Overseas Trading
Operations NV
6.625%, 09/25/2019 (S)		12,010,000		13,811,500
Voto-Votorantim, Ltd.
6.750%, 04/05/2021 (S)		11,845,000		13,710,588

				258,929,587
Information Technology - 0.5%
Computer Sciences Corp.
4.450%, 09/15/2022		6,345,000		6,731,880
Fiserv, Inc.
4.625%, 10/01/2020		10,690,000		11,586,720
Xerox Corp.
5.625%, 12/15/2019		9,250,000		10,577,616
6.750%, 02/01/2017		9,042,000		10,437,841

				39,334,057
Materials - 2.0%
Allegheny Technologies, Inc.
5.950%, 01/15/2021		3,850,000		4,306,649
9.375%, 06/01/2019		10,435,000		13,440,332
ArcelorMittal
10.350%, 06/01/2019		10,110,000		12,772,954


Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Materials (continued)
Braskem Finance, Ltd.
7.000%, 05/07/2020 (S)	$	16,420,000	$	18,521,760
CF Industries, Inc.
7.125%, 05/01/2020		17,015,000		21,092,543
Georgia-Pacific LLC
7.250%, 06/01/2028		4,420,000		5,814,258
Incitec Pivot Finance LLC
6.000%, 12/10/2019 (S)		9,055,000		10,513,598
International Paper Company
7.950%, 06/15/2018		13,633,000		17,553,333
9.375%, 05/15/2019		8,915,000		12,258,143
OJSC Novolipetsk Steel
4.450%, 02/19/2018 (S)		4,155,000		4,144,613
Westvaco Corp.
7.950%, 02/15/2031		11,325,000		13,839,173
Xstrata Canada Financial Corp.
3.600%, 01/15/2017 (S)		19,690,000		20,718,842

				154,976,198
Telecommunication Services - 1.8%
American Tower Corp.
4.700%, 03/15/2022		11,575,000		12,587,813
CenturyLink, Inc.
6.450%, 06/15/2021		7,735,000		8,203,811
7.600%, 09/15/2039		7,775,000		7,550,987
Crown Castle Towers LLC
4.883%, 08/15/2020 (S)		28,660,000		33,015,260
6.113%, 01/15/2020 (S)		12,065,000		14,771,228
SBA Tower Trust
2.933%, 12/15/2017 (S)		11,355,000		11,863,738
5.101%, 04/17/2017 (S)		11,983,000		13,481,175
Telecom Italia Capital SA
5.250%, 11/15/2013		5,000,000		5,104,305
6.999%, 06/04/2018		7,350,000		8,298,312
7.200%, 07/18/2036		8,125,000		8,106,459
Telefonica Emisiones SAU
2.582%, 04/26/2013		15,000,000		15,014,775
Verizon New York, Inc.
7.000%, 12/01/2033		7,030,000		7,238,362

				145,236,225
Utilities - 2.0%
Beaver Valley II Funding
9.000%, 06/01/2017		6,144,000		6,226,557
Constellation Energy Group, Inc.
5.150%, 12/01/2020		8,765,000		10,013,706
Electricite de France SA
5.250%, 01/29/2023 (P)(Q)(S)		6,025,000		5,989,567
Entergy Texas, Inc.
7.125%, 02/01/2019		19,840,000		24,610,270
Exelon Generation Company LLC
5.600%, 06/15/2042		5,810,000		6,305,099
6.250%, 10/01/2039		5,200,000		6,047,792
FirstEnergy Corp.
4.250%, 03/15/2023		9,940,000		10,060,413
GDF Suez
2.875%, 10/10/2022 (S)		9,660,000		9,623,978
Integrys Energy Group, Inc. (6.110% to
12/01/2016, then 3 month LIBOR + 2.120%)
12/01/2066		18,700,000		19,822,000
Israel Electric Corp., Ltd.
7.250%, 01/15/2019 (S)		4,435,000		5,094,551
ITC Holdings Corp.
6.050%, 01/31/2018 (S)		4,760,000		5,559,942

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Utilities (continued)
NextEra Energy Capital Holdings, Inc.
(6.650% to 06/15/2017, then 3 month
Libor + 2.125%)
06/15/2067	$	5,090,000	$	5,459,025
Oncor Electric Delivery Company LLC
5.000%, 09/30/2017		5,600,000		6,384,185
PNPP II Funding Corp.
9.120%, 05/30/2016		620,000		644,247
PPL WEM Holdings PLC
3.900%, 05/01/2016 (S)		10,295,000		10,875,617
Salton Sea Funding Corp., Series F
7.475%, 11/30/2018		12,419		13,043
Southern California Edison Company (6.250%
to 02/01/2022, then 3 month
LIBOR + 4.199%)
02/01/2022 (Q)		7,580,000		8,356,488
W3A Funding Corp.
8.090%, 01/02/2017		78,978		81,305
Wisconsin Energy Corp. (6.250% to
05/15/2017, then 3 month LIBOR + 2.113%)
05/15/2067		16,330,000		17,726,215

				158,894,000

TOTAL CORPORATE BONDS (Cost $2,650,447,341)			$	2,800,539,518


MUNICIPAL BONDS - 0.1%
State of Illinois, GO 5.100%, 06/01/2033		10,215,000		10,091,603

TOTAL MUNICIPAL BONDS (Cost $9,497,196)			$	10,091,603


CAPITAL PREFERRED SECURITIES - 0.7%
Financials - 0.7%
Allfirst Preferred Capital Trust
1.804%, 07/15/2029 (P)		55,000		45,650
Fifth Third Capital Trust IV (6.500% to
04/15/2017 then 3 month LIBOR + 1.368%)
04/15/2037		18,976,000		19,023,440
MetLife Capital Trust X
9.250%, 04/08/2038 (S)		7,305,000		10,190,475
PNC Financial Services Group, Inc. (6.750%
to 08/01/2021, then 3 month
LIBOR + 3.678%)
08/01/2021 (Q)		4,445,000		5,094,103
Sovereign Capital Trust VI
7.908%, 06/13/2036		275,000		286,000
State Street Capital Trust IV
1.280%, 06/15/2037 (P)		19,925,000		16,014,719
ZFS Finance USA Trust II (6.450% to
06/15/2016, then 3 month LIBOR + 2.000%)
12/15/2065 (S)		6,225,000		6,707,438

				57,361,825

TOTAL CAPITAL PREFERRED
SECURITIES (Cost $53,209,639)			$	57,361,825


Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS - 11.6%

COMMERCIAL & RESIDENTIAL - 0.0%
Morgan Stanley Capital I Trust,
Series 2007-IQ13, Class A4
5.364%, 03/15/2044	$	325,000	$	370,629

U.S. GOVERNMENT AGENCY - 11.6%
Federal Home Loan Mortgage Corp.
Series K022, Class X1 IO,
1.309%, 07/25/2022		174,739,006		16,687,400
Series K017, Class X1 IO,
1.454%, 12/25/2021		80,394,614		7,935,109
Series K018, Class X1 IO,
1.464%, 01/25/2022		110,363,709		10,984,169
Series K708, Class X1 IO,
1.512%, 01/25/2019		167,006,564		12,793,204
Series K021, Class X1 IO,
1.514%, 06/25/2022		23,943,635		2,646,777
Series K709, Class X1 IO,
1.546%, 03/25/2019		97,060,897		7,669,461
Series K707, Class X1 IO,
1.559%, 12/25/2018		66,038,087		5,073,310
Series K710, Class X1 IO,
1.784%, 05/25/2019		73,758,158		6,857,960
Series 3833, Class LI IO,
2.173%, 10/15/2040		88,775,756		5,074,689
Series 4113, Class JH,
3.000%, 07/15/2039		52,454,915		54,493,313
Series 4094, Class QA,
3.000%, 11/15/2039		24,666,197		26,281,561
Series 4068, Class BH,
3.000%, 06/15/2040		31,055,350		32,481,629
Series 4060, Class HC,
3.000%, 03/15/2041		34,500,298		36,633,106
Series 4074, Class PA,
3.000%, 05/15/2041		35,897,807		37,753,544
Series 4065, Class QA,
3.000%, 08/15/2041		24,904,473		26,200,328
Series 4088, Class CA,
3.000%, 03/15/2042		35,945,114		38,070,297
Series 3956, Class DJ,
3.250%, 10/15/2036		52,193,041		53,476,990
Series 3972, Class PL IO,
3.500%, 11/15/2031		10,825,233		1,295,063
Series 4068, Class AP,
3.500%, 06/15/2040		37,583,663		39,772,084
Series 4027, Class TA,
3.500%, 07/15/2041		43,782,130		46,622,452
Series 4023, Class EA,
3.500%, 08/15/2041		21,283,956		22,701,149
Series 3630, Class BI IO,
4.000%, 05/15/2027		1,350,972		36,589
Series 3738, Class IC IO,
4.000%, 08/15/2029		9,225,573		553,537
Series 3738, Class MI IO,
4.000%, 09/15/2034		23,926,026		823,402
Series 3908, Class PA,
4.000%, 06/15/2039		14,383,354		15,304,766
Series 3943, Class DI IO,
4.000%, 11/15/2039		41,119,785		5,930,065
Series 3609, Class LI IO,
4.500%, 12/15/2024		18,203,364		1,419,526
Series 3623, Class LI IO,
4.500%, 01/15/2025		2,850,684		225,396

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


U.S. GOVERNMENT AGENCY (continued)
Federal Home Loan Mortgage Corp. (continued)
Series 3747, Class HI IO,
4.500%, 07/15/2037	$	75,297,197	$	5,315,666
Series 3699, Class MI IO,
4.500%, 01/15/2038		34,282,700		3,004,131
Series 3794, Class PI IO,
4.500%, 02/15/2038		18,017,145		1,898,236
Series 3714, Class KI IO,
4.500%, 11/15/2039		19,626,759		2,005,158
Series 3927, Class IP IO,
4.500%, 06/15/2040		17,121,461		2,538,349
Series 3947, Class PA,
4.500%, 01/15/2041		16,738,373		18,582,021
Series 3934, Class PI IO,
4.500%, 07/15/2041		24,424,812		3,669,098
Series 4030, Class BI IO,
5.000%, 01/15/2042		21,715,442		3,930,914
Series 4077, Class IK IO,
5.000%, 07/15/2042		29,026,585		8,204,161
Series 3581, Class IO,
6.000%, 10/15/2039		2,661,774		371,941
Federal National Mortgage Association
Series 2012-110, Class MA,
3.000%, 07/25/2041		38,006,733		40,950,051
Series 2012-67, Class KG,
3.500%, 02/25/2041		11,482,218		12,578,483
Series 2011-146, Class MA,
3.500%, 08/25/2041		26,336,722		28,442,474
Series 2012-98, Class JP,
3.500%, 03/25/2042		34,044,752		36,944,854
Series 2012-120, Class PA,
3.500%, 10/25/2042		27,709,162		29,656,756
Series 2012-118, Class IC IO,
3.500%, 11/25/2042		43,040,536		10,213,795
Series 2012-118, Class IB IO,
3.500%, 11/25/2042		44,512,526		11,229,166
Series 2010-93, Class AI IO,
4.000%, 08/25/2020		6,709,046		541,329
Series 2010-14, Class IA IO,
4.000%, 08/25/2027		4,874,182		144,800
Series 2010-14, Class AI IO,
4.000%, 08/25/2027		3,167,645		94,103
Series 2010-36, Class BI IO,
4.000%, 03/25/2028		3,751,596		126,978
Series 2011-71, Class BA,
4.000%, 05/25/2037		21,783,306		23,063,118
Series 2009-66, Class EK,
4.000%, 09/25/2039		16,447,945		17,136,735
Series 402, Class 4 IO,
4.000%, 10/25/2039		9,483,869		1,042,974
Series 402, Class 3 IO,
4.000%, 11/25/2039		6,665,543		715,288
Series 2010-23, Class KA,
4.000%, 02/25/2040		10,910,276		11,437,449
Series 2011-49, Class LA,
4.000%, 05/25/2041		25,247,023		27,016,007
Series 398, Class C3 IO,
4.500%, 05/25/2039		6,034,348		536,421
Series 401, Class C2 IO,
4.500%, 06/25/2039		3,922,820		458,190
Series 402, Class 8 IO,
4.500%, 11/25/2039		14,485,309		1,970,517
Series 402, Class 7 IO,
4.500%, 11/25/2039		13,144,851		1,545,449


Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


U.S. GOVERNMENT AGENCY (continued)
Federal National Mortgage
Association (continued)
Series 2011-73, Class PI IO,
4.500%, 05/25/2041	$	12,176,213	$	1,816,240
Series 2012-21, Class IQ IO,
4.500%, 09/25/2041		41,657,028		7,721,759
Series 2008-17, Class DP,
4.750%, 02/25/2038		16,111,911		17,517,804
Series 2010-13, Class KI IO,
5.000%, 12/25/2018		8,498,568		646,907
Series 2009-47, Class EI IO,
5.000%, 08/25/2019		4,903,567		416,265
Series 2010-45, Class AI IO,
5.000%, 02/25/2021		16,942,317		1,465,822
Series 366, Class 24 IO,
5.000%, 10/01/2035		8,092,963		723,973
Series 2010-68, Class CI IO,
5.000%, 11/25/2038		22,793,071		2,571,954
Series 407, Class 21 IO,
5.000%, 01/25/2039		13,803,644		1,413,682
Series 2009-50, Class GI IO,
5.000%, 05/25/2039		8,574,890		963,006
Series 407, Class 15 IO,
5.000%, 01/25/2040		21,257,608		3,052,906
Series 407, Class 16 IO,
5.000%, 01/25/2040		4,171,541		508,566
Series 407, Class 17 IO,
5.000%, 01/25/2040		3,945,111		495,369
Series 407, Class 7 IO,
5.000%, 03/25/2041		16,423,143		2,426,576
Series 407, Class 8 IO,
5.000%, 03/25/2041		7,650,356		1,119,260
Series 407, Class C6 IO,
5.500%, 01/25/2040		37,779,167		6,350,541
Government National Mortgage Association
Series 2012-114, Class IO,
1.027%, 01/16/2053		58,105,623		5,697,314
Series 2013-6, Class AI IO,
3.500%, 08/20/2039		69,128,081		13,937,770
Series 2009-103, Class DC,
3.500%, 09/16/2039		7,231,340		7,680,385
Series 2013-42, Class IO,
3.500%, 03/20/2043		32,620,000		4,811,450
Series 2009-69, Class PC,
4.000%, 07/16/2039		12,164,021		12,953,406
Series 2009-40, Class BI IO,
4.500%, 09/20/2036		30,999,590		3,114,070
Series 2009-123, Class DI, IO,
4.500%, 07/20/2037		9,648,430		758,473
Series 2010-78, Class AI IO,
4.500%, 04/20/2039		12,284,568		697,609
Series 5927, Class AI,
4.500%, 08/01/2041		4,807,756		5,248,154

				925,270,749

TOTAL COLLATERALIZED MORTGAGE
OBLIGATIONS (Cost $957,272,186)			$	925,641,378

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


PREFERRED SECURITIES - 0.2%
Financials - 0.2%
PNC Financial Services Group, Inc. (6.135%
to 05/01/22, then 3 month
LIBOR + 4.067%),
		534,775		14,797,224

TOTAL PREFERRED SECURITIES (Cost $13,369,375)			$	14,797,224


SHORT-TERM INVESTMENTS - 6.4%
Repurchase Agreement - 6.4%
Barclays Tri-Party Repurchase Agreement
dated 03/28/2013 at 0.150% to be
repurchased at $145,164,419 on 04/01/2013,
collateralized by $147,886,500
U.S. Treasury Notes, 0.250% due
06/30/2014 (valued at $148,067,784,
including interest)	$	145,162,000	$	145,162,000
Repurchase Agreement with State Street Corp.
dated 03/28/2013 at 0.010% to be
repurchased at $363,342,404 on 04/01/2013,
collateralized by $354,370,000
U.S. Treasury Notes, 0.250% to 3.250% due
05/31/2015 to 06/30/2016 (valued at
$370,610,249, including interest)		363,342,000		363,342,000

				508,504,000

TOTAL SHORT-TERM INVESTMENTS (Cost $508,504,000)			$	508,504,000

Total Investments (Bond Trust) (Cost $8,082,648,469) - 103.3%			$	8,245,218,675
Other assets and liabilities, net - (3.3%)				(264,687,395)

TOTAL NET ASSETS - 100.0%			$	7,980,531,280




Bond PS Series
		Shares or
		Principal
		Amount		Value


U.S. GOVERNMENT & AGENCY
OBLIGATIONS - 50.1%
U.S. Government - 18.5%
U.S. Treasury Bonds 2.750%, 11/15/2042	$	4,770,000	$	4,430,882
U.S. Treasury Notes
0.500%, 07/31/2017		3,820,000		3,799,406
0.625%, 08/31/2017 to 11/30/2017		4,355,000		4,349,673
0.875%, 12/31/2016 to 01/31/2018		11,375,000		11,507,814
1.000%, 03/31/2017		3,500,000		3,561,796
2.000%, 02/15/2023		6,591,000		6,679,570
2.625%, 08/15/2020		9,180,000		10,034,888
U.S. Treasury Strips, PO 2.946%, 11/15/2030		1,215,000		719,681

				45,083,710
U.S. Government Agency - 31.6%
Federal Home Loan Mortgage Corp.
1.750%, 05/30/2019		1,175,000		1,209,334
2.658%, 11/01/2041 (P)		972,132		1,011,631
3.500%, 05/01/2042		2,191,588		2,313,302
4.000%, 11/01/2041		3,690,139		3,921,493
4.500%, 10/01/2040 to 03/01/2041		1,146,946		1,229,801
5.000%, 04/01/2041		550,299		594,903
5.500%, 10/01/2039		499,506		540,950
6.500%, 12/01/2036 to 09/01/2039		1,467,715		1,639,254
Federal National Mortgage Association
1.918%, 08/01/2042 (P)		1,849,090		1,916,445


Bond PS Series (continued)
		Shares or
		Principal
		Amount		Value


U.S. GOVERNMENT & AGENCY
OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage
Association (continued)
2.494%, 02/01/2042 (P)	$	480,198	$	503,002
2.602%, 02/01/2042 (P)		576,922		604,364
3.000%, TBA (C)		6,240,000		6,436,660
3.000%, 07/01/2027 to 02/01/2043		4,561,583		4,696,645
3.012%, 02/01/2042 (P)		406,209		424,724
3.500%, TBA (C)		1,500,000		1,583,657
3.500%, 02/01/2026 to 10/01/2042		6,987,351		7,403,250
3.905%, 02/01/2040 (P)		509,961		538,884
4.000%, 09/01/2041 to 05/01/2042		2,548,743		2,759,494
4.500%, 09/01/2039 to 02/01/2042		15,360,004		16,614,174
5.000%, 04/01/2035 to 07/01/2041		10,701,653		11,674,710
5.500%, 02/01/2035 to 01/01/2039		2,970,904		3,257,130
6.000%, 01/01/2037 to 06/01/2040		4,078,985		4,485,245
6.500%, 10/01/2037 to 11/01/2037		1,036,594		1,155,963
Government National Mortgage Association
4.000%, 05/15/2041		579,292		631,542

				77,146,557

TOTAL U.S. GOVERNMENT & AGENCY
OBLIGATIONS (Cost $121,685,569)			$	122,230,267


FOREIGN GOVERNMENT
OBLIGATIONS - 0.1%
South Korea - 0.1%
Korea Development Bank 4.000%, 09/09/2016		300,000		326,624

TOTAL FOREIGN GOVERNMENT
OBLIGATIONS (Cost $326,478)			$	326,624


CORPORATE BONDS - 33.3%
Consumer Discretionary - 3.0%
Best Buy Company, Inc.
7.250%, 07/15/2013		270,000		274,050
CBS Corp.
7.875%, 07/30/2030		395,000		522,850
DIRECTV Holdings LLC
5.875%, 10/01/2019		748,000		886,401
Expedia, Inc.
5.950%, 08/15/2020		375,000		417,194
Ford Motor Company
4.750%, 01/15/2043		295,000		275,021
6.625%, 10/01/2028		85,000		98,084
Ford Motor Credit Company LLC
5.000%, 05/15/2018		431,000		474,924
5.875%, 08/02/2021		1,148,000		1,314,025
8.000%, 12/15/2016		285,000		341,717
Hyundai Capital Services, Inc.
4.375%, 07/27/2016 (S)		380,000		410,707
Hyundai Motor Manufacturing
4.500%, 04/15/2015 (S)		200,000		212,153
Kia Motors Corp.
3.625%, 06/14/2016 (S)		200,000		211,473
Macy’s Retail Holdings, Inc.
7.875%, 08/15/2036		193,000		215,069
News America, Inc.
6.150%, 03/01/2037		175,000		205,631
6.400%, 12/15/2035		90,000		108,936
Nissan Motor Acceptance Corp.
1.950%, 09/12/2017 (S)		370,000		375,609
QVC, Inc.
4.375%, 03/15/2023 (S)		260,000		263,032

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Bond PS Series (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Consumer Discretionary (continued)
QVC, Inc. (continued)
5.125%, 07/02/2022	$	60,000	$	63,599
Time Warner Cable, Inc.
8.250%, 04/01/2019		405,000		527,458

				7,197,933
Consumer Staples - 1.1%
Bunge, Ltd. Finance Corp.
4.100%, 03/15/2016		515,000		550,858
8.500%, 06/15/2019		265,000		341,758
ConAgra Foods, Inc.
3.200%, 01/25/2023		280,000		279,290
Pernod-Ricard SA
2.950%, 01/15/2017 (S)		285,000		299,442
Safeway, Inc.
3.400%, 12/01/2016		460,000		485,103
7.250%, 02/01/2031		255,000		292,962
The Kroger Company
6.400%, 08/15/2017		425,000		507,821

				2,757,234
Energy - 3.4%
Anadarko Petroleum Corp.
8.700%, 03/15/2019		395,000		532,076
Boardwalk Pipelines LP
5.500%, 02/01/2017		175,000		195,435
DCP Midstream LLC
9.750%, 03/15/2019 (S)		425,000		559,980
DCP Midstream Operating LP
2.500%, 12/01/2017		325,000		330,087
3.875%, 03/15/2023		190,000		191,168
Energy Transfer Partners LP
5.200%, 02/01/2022		275,000		308,948
9.700%, 03/15/2019		275,000		370,872
Enterprise Products Operating LLC
6.500%, 01/31/2019		955,000		1,186,294
6.650%, 04/15/2018		150,000		185,304
Kerr-McGee Corp.
6.950%, 07/01/2024		605,000		758,419
Kinder Morgan Energy Partners LP
7.750%, 03/15/2032		270,000		361,485
NuStar Logistics LP
8.150%, 04/15/2018		179,000		204,883
ONEOK Partners LP
6.150%, 10/01/2016		318,000		367,911
Petrohawk Energy Corp.
6.250%, 06/01/2019		595,000		675,982
Petroleos Mexicanos
4.875%, 01/24/2022		310,000		343,325
Rowan Companies, Inc.
4.875%, 06/01/2022		275,000		299,119
Suncor Energy, Inc.
6.100%, 06/01/2018		275,000		332,798
TransCanada Pipelines, Ltd. (6.350% to
05/15/2017, then 3 month LIBOR + 2.210%)
05/15/2067		400,000		426,845
Williams Partners LP
5.250%, 03/15/2020		530,000		604,300

				8,235,231
Financials - 15.7%
Abbey National Treasury Services PLC
4.000%, 04/27/2016		495,000		526,414


Bond PS Series (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
Aflac, Inc.
8.500%, 05/15/2019	$	345,000	$	466,503
American Campus Communities Operating
Partnership LP
3.750%, 04/15/2023		275,000		276,799
American International Group, Inc.
8.250%, 08/15/2018		550,000		712,854
Aon PLC
4.250%, 12/12/2042 (S)		130,000		125,753
AXA SA
8.600%, 12/15/2030		250,000		320,925
AXA SA (6.379% to 12/14/2036, then
3 month LIBOR + 2.256%)
12/14/2036 (Q)(S)		350,000		347,375
Banco de Credito del Peru
4.750%, 03/16/2016 (S)		250,000		268,750
Bank of America Corp.
3.300%, 01/11/2023		220,000		217,095
5.000%, 05/13/2021		570,000		639,307
6.500%, 08/01/2016		190,000		218,840
Bank of America NA
5.300%, 03/15/2017		100,000		112,088
Barclays Bank PLC
6.050%, 12/04/2017 (S)		505,000		563,111
6.750%, 05/22/2019		530,000		659,598
10.179%, 06/12/2021 (S)		105,000		140,634
BioMed Realty LP
6.125%, 04/15/2020		50,000		58,630
Boston Properties LP
3.700%, 11/15/2018		185,000		202,955
Brandywine Operating Partnership LP
7.500%, 05/15/2015		355,000		397,651
Capital One Financial Corp.
4.750%, 07/15/2021		415,000		468,548
Citigroup, Inc.
4.500%, 01/14/2022		315,000		350,452
8.500%, 05/22/2019		395,000		526,503
CNA Financial Corp.
5.875%, 08/15/2020		230,000		270,909
7.250%, 11/15/2023		415,000		528,648
DDR Corp.
4.625%, 07/15/2022		75,000		81,183
7.875%, 09/01/2020		90,000		114,492
Discover Bank
7.000%, 04/15/2020		326,000		406,021
Discover Financial Services
5.200%, 04/27/2022		450,000		506,377
First Horizon National Corp.
5.375%, 12/15/2015		745,000		810,415
General Electric Capital Corp.
4.375%, 09/16/2020		310,000		346,391
5.550%, 05/04/2020		145,000		173,034
6.000%, 08/07/2019		735,000		892,821
Goodman Funding Pty, Ltd.
6.375%, 04/15/2021 (S)		370,000		428,484
Hartford Financial Services Group, Inc.
5.500%, 03/30/2020		130,000		151,699
6.000%, 01/15/2019		61,000		72,808
HCP, Inc.
5.375%, 02/01/2021		195,000		226,645
5.625%, 05/01/2017		455,000		522,834
Health Care REIT, Inc.
4.125%, 04/01/2019		205,000		222,353

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Bond PS Series (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
Health Care REIT, Inc. (continued)
4.700%, 09/15/2017	$	185,000	$	207,464
4.950%, 01/15/2021		110,000		122,364
6.125%, 04/15/2020		525,000		621,023
6.200%, 06/01/2016		50,000		56,976
Healthcare Realty Trust, Inc.
6.500%, 01/17/2017		425,000		489,312
Highwoods Realty LP
5.850%, 03/15/2017		545,000		611,620
Host Hotels & Resorts LP
3.750%, 10/15/2023		130,000		130,508
ICICI Bank, Ltd.
4.700%, 02/21/2018 (S)		290,000		306,220
5.750%, 11/16/2020 (S)		200,000		220,299
International Lease Finance Corp.
7.125%, 09/01/2018 (S)		255,000		299,625
Jefferies Group, Inc.
6.875%, 04/15/2021		435,000		507,793
8.500%, 07/15/2019		145,000		180,512
Jones Lang Lasalle, Inc.
4.400%, 11/15/2022		105,000		108,088
JPMorgan Chase & Company
4.250%, 10/15/2020		610,000		669,694
4.625%, 05/10/2021		765,000		855,562
JPMorgan Chase & Company (7.900% to
04/30/2018, then 3 month LIBOR + 3.470%)
04/30/2018 (Q)		385,000		442,506
Liberty Mutual Group, Inc.
5.000%, 06/01/2021 (S)		550,000		604,007
Lincoln National Corp.
4.200%, 03/15/2022		175,000		190,085
8.750%, 07/01/2019		265,000		359,364
Lincoln National Corp. (6.050% to
04/20/2017, then 3 month LIBOR + 2.040%)
04/20/2067		305,000		306,525
Lincoln National Corp. (7.000% to
05/17/2016, then 3 month LIBOR + 2.358%)
05/17/2066		110,000		112,750
Macquarie Bank, Ltd.
6.625%, 04/07/2021 (S)		150,000		167,711
Macquarie Group, Ltd.
6.000%, 01/14/2020 (S)		300,000		329,296
Merrill Lynch & Company, Inc.
6.875%, 04/25/2018		545,000		658,114
7.750%, 05/14/2038		315,000		420,417
MetLife, Inc.
6.400%, 12/15/2036		260,000		284,770
Moody’s Corp.
4.500%, 09/01/2022		195,000		201,096
Morgan Stanley
5.550%, 04/27/2017		620,000		701,267
5.750%, 01/25/2021		430,000		497,190
6.000%, 04/28/2015		145,000		157,946
6.375%, 07/24/2042		275,000		330,928
7.300%, 05/13/2019		425,000		526,196
Nippon Life Insurance Company
5.000%, 10/18/2042 (P)(S)		255,000		260,678
Nordea Bank AB
3.125%, 03/20/2017 (S)		550,000		581,787
Pacific LifeCorp.
6.000%, 02/10/2020 (S)		155,000		178,931
ProLogis International Funding II
4.875%, 02/15/2020 (S)		150,000		153,904


Bond PS Series (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
ProLogis LP
4.500%, 08/15/2017	$	200,000	$	219,967
6.250%, 03/15/2017		310,000		358,327
7.625%, 08/15/2014		100,000		108,101
Prudential Financial, Inc.
4.500%, 11/15/2020		535,000		601,668
5.200%, 03/15/2044 (P)		90,000		90,384
Prudential Financial, Inc. (5.875% to
09/15/2022, then 3 month LIBOR + 4.175%)
09/15/2042		315,000		335,475
Qwest Corp.
6.750%, 12/01/2021		645,000		743,097
Rabobank Nederland NV (11.000% to
06/30/2019, then 3 month
LIBOR + 10.868%)
06/30/2019 (Q)(S)		375,000		501,563
Royal Bank of Scotland Group PLC
6.125%, 12/15/2022		310,000		320,843
6.400%, 10/21/2019		550,000		657,013
Santander Holdings USA, Inc.
4.625%, 04/19/2016		250,000		267,367
Sberbank of Russia
6.125%, 02/07/2022 (S)		250,000		279,375
SunTrust Banks, Inc.
3.500%, 01/20/2017		645,000		690,880
Swedbank AB
2.125%, 09/29/2017 (S)		365,000		369,541
Teachers Insurance & Annuity Association of
America
6.850%, 12/16/2039 (S)		365,000		487,805
The Chubb Corp. (6.375% until 04/15/2017,
then 3 month LIBOR + 2.250%)
03/29/2067		420,000		461,475
The Goldman Sachs Group, Inc.
5.250%, 07/27/2021		935,000		1,060,071
6.750%, 10/01/2037		430,000		482,521
The Hanover Insurance Group, Inc.
6.375%, 06/15/2021		15,000		17,332
U.S. Bancorp
3.442%, 02/01/2016		370,000		393,834
UBS AG
7.625%, 08/17/2022		320,000		357,807
Unum Group
5.625%, 09/15/2020		135,000		156,545
7.125%, 09/30/2016		250,000		294,847
UnumProvident Finance Company PLC
6.850%, 11/15/2015 (S)		220,000		247,990
USB Realty Corp.
1.451%, 01/15/2017 (Q)(S)		100,000		86,625
Ventas Realty LP
2.700%, 04/01/2020		185,000		185,763
4.000%, 04/30/2019		335,000		365,790
4.750%, 06/01/2021		555,000		617,163
Wachovia Bank NA
5.850%, 02/01/2037		200,000		242,228
WEA Finance LLC
6.750%, 09/02/2019 (S)		155,000		191,790
Wells Fargo & Company, Series K (7.980% to
03/15/2018, then 3 month LIBOR + 3.770%)
03/15/2018 (Q)		544,000		627,640
WR Berkley Corp.
5.375%, 09/15/2020		220,000		248,380

				38,277,634

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Bond PS Series (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Health Care - 1.1%
AbbVie, Inc.
2.900%, 11/06/2022 (S)	$	355,000	$	355,586
Medco Health Solutions, Inc.
7.125%, 03/15/2018		565,000		699,459
Mylan, Inc.
7.875%, 07/15/2020 (S)		465,000		542,720
Quest Diagnostics, Inc.
6.400%, 07/01/2017		250,000		292,372
WellPoint, Inc.
7.000%, 02/15/2019		515,000		644,381
Zoetis, Inc.
3.250%, 02/01/2023 (S)		185,000		187,744

				2,722,262
Industrials - 3.3%
Air Lease Corp.
4.500%, 01/15/2016		75,000		77,813
6.125%, 04/01/2017		150,000		162,375
Continental Airlines 1997-4 Class A Pass
Through Trust
6.900%, 01/02/2018		92,491		100,353
Continental Airlines 1999-1 Class A Pass
Through Trust
6.545%, 02/02/2019		124,509		137,582
Continental Airlines 2010-1 Class A Pass
Through Trust
4.750%, 01/12/2021		27,696		30,396
Continental Airlines 2012-2 Class B Pass
Through Trust
5.500%, 10/29/2020		2,000,000		2,090,000
Delta Air Lines 2007-1 Class A Pass
Through Trust
6.821%, 08/10/2022		536,696		607,809
Delta Air Lines 2010-1 Class A Pass
Through Trust
6.200%, 07/02/2018		60,342		68,790
Delta Air Lines 2011-1 Class A Pass
Through Trust
5.300%, 04/15/2019		190,354		210,341
Embraer Overseas, Ltd.
6.375%, 01/15/2020		180,000		208,134
ERAC USA Finance LLC
5.900%, 11/15/2015 (S)		68,000		76,215
General Electric Company
4.125%, 10/09/2042		170,000		170,752
Odebrecht Finance, Ltd.
6.000%, 04/05/2023 (S)		336,000		376,320
7.125%, 06/26/2042 (S)		400,000		453,000
7.500%, 09/14/2015 (Q)(S)		100,000		106,500
Penske Truck Leasing Company LP
2.875%, 07/17/2018 (S)		355,000		362,169
3.750%, 05/11/2017 (S)		795,000		851,998
Ryder System, Inc.
3.500%, 06/01/2017		330,000		353,142
Textron, Inc.
5.600%, 12/01/2017		150,000		169,242
6.200%, 03/15/2015		70,000		76,248
7.250%, 10/01/2019		145,000		175,678
The ADT Corp.
2.250%, 07/15/2017 (S)		270,000		271,150
UAL 2009-2A Pass Through Trust
9.750%, 01/15/2017		129,932		150,721


Bond PS Series (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Industrials (continued)
US Airways 2012-1 Class A Pass
Through Trust
5.900%, 10/01/2024	$	100,000	$	111,750
Voto-Votorantim Overseas Trading
Operations NV
6.625%, 09/25/2019 (S)		300,000		345,000
Voto-Votorantim, Ltd.
6.750%, 04/05/2021 (S)		300,000		347,250

				8,090,728
Information Technology - 0.5%
Computer Sciences Corp.
4.450%, 09/15/2022		175,000		185,670
Fiserv, Inc.
4.625%, 10/01/2020		325,000		352,262
Xerox Corp.
5.625%, 12/15/2019		285,000		325,905
6.750%, 02/01/2017		197,000		227,411

				1,091,248
Materials - 1.8%
Allegheny Technologies, Inc.
5.950%, 01/15/2021		300,000		335,583
9.375%, 06/01/2019		320,000		412,162
ArcelorMittal
10.350%, 06/01/2019		275,000		347,434
Braskem Finance, Ltd.
7.000%, 05/07/2020 (S)		600,000		676,800
CF Industries, Inc.
7.125%, 05/01/2020		480,000		595,029
Georgia-Pacific LLC
7.250%, 06/01/2028		90,000		118,390
Incitec Pivot Finance LLC
6.000%, 12/10/2019 (S)		180,000		208,995
International Paper Company
7.950%, 06/15/2018		400,000		515,025
9.375%, 05/15/2019		200,000		275,000
Westvaco Corp.
7.950%, 02/15/2031		310,000		378,821
Xstrata Canada Financial Corp.
3.600%, 01/15/2017 (S)		470,000		494,558

				4,357,797
Telecommunication Services - 1.7%
American Tower Corp.
4.700%, 03/15/2022		350,000		380,625
CenturyLink, Inc.
6.450%, 06/15/2021		410,000		434,850
7.600%, 09/15/2039		190,000		184,526
Crown Castle Towers LLC
4.883%, 08/15/2020 (S)		970,000		1,117,404
6.113%, 01/15/2020 (S)		200,000		244,861
SBA Tower Trust
2.933%, 12/15/2017 (S)		275,000		287,321
5.101%, 04/17/2017 (S)		380,000		427,510
Telecom Italia Capital SA
5.250%, 11/15/2013		85,000		86,773
6.999%, 06/04/2018		280,000		316,126
7.200%, 07/18/2036		150,000		149,658
Telefonica Emisiones SAU
2.582%, 04/26/2013		400,000		400,394
Verizon New York, Inc.
7.000%, 12/01/2033		195,000		200,780

				4,230,828

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Bond PS Series (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Utilities - 1.7%
Constellation Energy Group, Inc.
5.150%, 12/01/2020	$	255,000	$	291,329
Electricite de France SA
5.250%, 01/29/2023 (Q)(S)		180,000		178,941
Entergy Texas, Inc.
7.125%, 02/01/2019		660,000		818,688
Exelon Generation Company LLC
5.600%, 06/15/2042		145,000		157,356
6.250%, 10/01/2039		105,000		122,119
FirstEnergy Corp.
4.250%, 03/15/2023		305,000		308,695
GDF Suez
2.875%, 10/10/2022 (S)		260,000		259,030
Integrys Energy Group, Inc. (6.110% to
12/01/2016, then 3 month LIBOR + 2.120%)
12/01/2066		530,000		561,800
Israel Electric Corp., Ltd.
7.250%, 01/15/2019 (S)		100,000		114,872
NextEra Energy Capital Holdings, Inc.
(6.650% to 06/15/2017, then 3 month
LIBOR + 2.125%)
06/15/2067		155,000		166,238
Oncor Electric Delivery Company LLC
5.000%, 09/30/2017		300,000		342,010
PNPP II Funding Corp.
9.120%, 05/30/2016		71,000		73,777
PPL WEM Holdings PLC
3.900%, 05/01/2016 (S)		290,000		306,355
Southern California Edison Company (6.250%
to 02/01/2022, then 3 month
LIBOR + 4.199%)
02/01/2022 (Q)		140,000		154,341
Wisconsin Energy Corp. (6.250% to
05/15/2017, then 3 month LIBOR + 2.113%)
05/15/2067		300,000		325,650

				4,181,201

TOTAL CORPORATE BONDS (Cost $77,706,130)			$	81,142,096


CAPITAL PREFERRED SECURITIES - 0.6%
Financials - 0.6%
Fifth Third Capital Trust IV (6.500% to
04/15/2017 then 3 month LIBOR + 1.368%)
04/15/2037		625,000		626,563
MetLife Capital Trust X
9.250%, 04/08/2038 (S)		270,000		376,650
PNC Financial Services Group, Inc. (6.750%
to 08/01/2021, then 3 month
LIBOR + 3.678%)
08/01/2021 (Q)		90,000		103,143
State Street Capital Trust IV
1.280%, 06/15/2037 (P)		465,000		373,744
ZFS Finance USA Trust II (6.450% to
06/15/2016, then 3 month LIBOR + 2.000%)
12/15/2065 (S)		75,000		80,813

				1,560,913

TOTAL CAPITAL PREFERRED
SECURITIES (Cost $1,447,063)			$	1,560,913


MUNICIPAL BONDS - 0.1%
State of Illinois, GO 5.100%, 06/01/2033		240,000		237,101

TOTAL MUNICIPAL BONDS (Cost $224,813)			$	237,101


Bond PS Series (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS - 10.9%
U.S. Government Agency - 10.9%
Federal Home Loan Mortgage Corp.
Series K022, Class X1 IO,
1.309%, 07/25/2022	$	5,051,155	$	482,380
Series K017, Class X1 IO,
1.454%, 12/25/2021		1,941,516		191,632
Series K018, Class X1 IO,
1.464%, 01/25/2022		2,206,580		219,614
Series K708, Class X1 IO,
1.512%, 01/25/2019		3,565,426		273,122
Series K021, Class X1 IO,
1.514%, 06/25/2022		667,846		73,825
Series K709, Class X1 IO,
1.546%, 03/25/2019		2,155,471		170,319
Series K707, Class X1 IO,
1.559%, 12/25/2018		1,379,737		105,997
Series K710, Class X1 IO,
1.784%, 05/25/2019		1,755,672		163,241
Series 288, Class IO,
3.000%, 10/15/2027		2,870,787		319,574
Series 4113, Class JH,
3.000%, 07/15/2039		1,450,547		1,506,915
Series 4094, Class QA,
3.000%, 11/15/2039		966,165		1,029,438
Series 4068, Class BH,
3.000%, 06/15/2040		690,652		722,371
Series 4060, Class HC,
3.000%, 03/15/2041		794,306		843,410
Series 4074, Class PA,
3.000%, 05/15/2041		1,273,280		1,339,102
Series 4065, Class QA,
3.000%, 08/15/2041		546,422		574,854
Series 4088, Class CA,
3.000%, 03/15/2042		1,297,216		1,373,911
Series 3956, Class DJ,
3.250%, 10/15/2036		1,231,829		1,262,132
Series 4136, Class IH IO,
3.500%, 09/15/2027		2,544,717		381,708
Series 3972, Class PL IO,
3.500%, 11/15/2031		2,133,567		255,246
Series 290, Class IO,
3.500%, 11/15/2032		2,970,508		621,946
Series 4068, Class AP,
3.500%, 06/15/2040		831,561		879,981
Series 4027, Class TA,
3.500%, 07/15/2041		910,270		969,323
Series 4023, Class EA,
3.500%, 08/15/2041		903,235		963,377
Series 3908, Class PA,
4.000%, 06/15/2039		248,193		264,092
Series 3943, Class DI IO,
4.000%, 11/15/2039		1,791,047		258,295
Series 3940, Class PA,
4.000%, 02/15/2041		2,523,358		2,635,448
Series 3830, Class NI IO,
4.500%, 01/15/2036		2,358,051		261,568
Series 3927, Class IP IO,
4.500%, 06/15/2040		830,926		123,189
Series 3947, Class PA,
4.500%, 01/15/2041		445,170		494,203
Series 3934, Class PI IO,
4.500%, 07/15/2041		855,311		128,485

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Bond PS Series (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal Home Loan Mortgage Corp. (continued)
Series 4030, Class BI IO,
5.000%, 01/15/2042	$	443,353	$	80,255
Series 4077, Class IK IO,
5.000%, 07/15/2042		794,540		224,571
Federal National Mortgage Association
Series 2012-110, Class MA,
3.000%, 07/25/2041		1,040,877		1,121,484
Series 2012-137, Class WI IO,
3.500%, 12/25/2032		1,776,515		354,723
Series 2012-67, Class KG,
3.500%, 02/25/2041		255,518		279,913
Series 2011-146, Class MA,
3.500%, 08/25/2041		941,531		1,016,811
Series 2012-98, Class JP,
3.500%, 03/25/2042		828,458		899,030
Series 2012-120, Class PA,
3.500%, 10/25/2042		764,221		817,935
Series 2012-118, Class IC IO,
3.500%, 11/25/2042		1,484,156		352,200
Series 2012-118, Class IB IO,
3.500%, 11/25/2042		1,222,165		308,315
Series 2010-93, Class AI IO,
4.000%, 08/25/2020		203,304		16,404
Series 2011-71, Class BA,
4.000%, 05/25/2037		608,752		644,518
Series 2011-49, Class LA,
4.000%, 05/25/2041		117,149		125,357
Series 2011-73, Class PL IO,
4.500%, 05/25/2041		800,872		119,460
Series 2012-21, Class IQ IO,
4.500%, 09/25/2041		880,616		163,235
Series 407, Class 21 IO,
5.000%, 01/25/2039		64,624		6,618
Series 407, Class 15 IO,
5.000%, 01/25/2040		92,096		13,226
Series 407, Class 16 IO,
5.000%, 01/25/2040		47,675		5,812
Series 407, Class 17 IO,
5.000%, 01/25/2040		57,242		7,188
Series 407, Class C6 IO,
5.500%, 01/25/2040		1,652,343		277,753
Government National Mortgage Association
Series 2012-114, Class IO,
1.027%, 01/16/2053		1,640,338		160,837
Series 2013-6, Class AI IO,
3.500%, 08/20/2039		2,048,203		412,964
Series 2013-42, Class IO,
3.500%, 03/20/2043		1,003,940		148,071

				26,445,378

TOTAL COLLATERALIZED MORTGAGE
OBLIGATIONS (Cost $26,525,061)			$	26,445,378


SHORT-TERM INVESTMENTS - 11.1%
Repurchase Agreement - 9.0%
Repurchase Agreement with State Street Corp.
dated 3/28/13 at 0.010% to be repurchased
at $21,996,024 on 4/1/13, collateralized by
$21,870,000 United States Treasury Notes,
1.875% due 4/30/14 (valued at $22,436,608,
including interest)		21,996,000		21,996,000


Bond PS Series (continued)
		Shares or
		Principal
		Amount		Value


SHORT-TERM INVESTMENTS (continued)
U.S. Government - 2.1%
U.S. Treasury Bill 0.147%, 05/02/2013 *	$	5,000,000	$	4,999,805

TOTAL SHORT-TERM INVESTMENTS (Cost $26,995,375)			$	26,995,805

Total Investments (Bond PS Series)
(Cost $254,910,489) - 106.2%			$	258,938,184
Other assets and liabilities, net - (6.2%)				(15,026,164)

TOTAL NET ASSETS - 100.0%			$	243,912,020




Capital Appreciation Trust
		Shares or
		Principal
		Amount		Value


COMMON STOCKS - 100.0%
Consumer Discretionary - 21.4%
Hotels, Restaurants & Leisure - 4.4%
Chipotle Mexican Grill, Inc. (I)(L)		38,404	$	12,514,711
Dunkin’ Brands Group, Inc. (L)		347,992		12,833,945
Starbucks Corp.		155,746		8,871,292
Yum! Brands, Inc.		189,922		13,662,989

				47,882,937
Internet & Catalog Retail - 5.0%
Amazon.com, Inc. (I)		122,885		32,747,624
priceline.com, Inc. (I)		31,378		21,585,868

				54,333,492
Media - 2.2%
Discovery Communications, Inc., Class A (I)		69,343		5,460,068
The Walt Disney Company		329,096		18,692,653

				24,152,721
Specialty Retail - 4.0%
Inditex SA		156,997		20,922,112
TJX Companies, Inc.		476,801		22,290,447

				43,212,559
Textiles, Apparel & Luxury Goods - 5.8%
Lululemon Athletica, Inc. (I)(L)		141,331		8,811,988
Luxottica Group SpA		255,552		12,835,798
NIKE, Inc., Class B		402,307		23,740,136
Ralph Lauren Corp.		109,470		18,534,366

				63,922,288

				233,503,997
Consumer Staples - 7.5%
Beverages - 1.2%
Diageo PLC, ADR		107,027		13,468,278
Food & Staples Retailing - 3.5%
Costco Wholesale Corp.		208,788		22,154,495
Whole Foods Market, Inc.		179,228		15,548,029

				37,702,524
Food Products - 1.2%
Mondelez International, Inc., Class A		425,949		13,038,299
Personal Products - 1.6%
The Estee Lauder Companies, Inc., Class A		274,907		17,602,295

				81,811,396

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Capital Appreciation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Energy - 4.3%
Energy Equipment & Services - 1.9%
FMC Technologies, Inc. (I)	124,087	$	6,749,092
Schlumberger, Ltd.	187,836		14,067,038

			20,816,130
Oil, Gas & Consumable Fuels - 2.4%
Concho Resources, Inc. (I)	151,456		14,756,358
EOG Resources, Inc.	86,481		11,075,622

			25,831,980

			46,648,110
Financials - 2.7%
Capital Markets - 2.7%
Morgan Stanley	671,943		14,769,307
The Goldman Sachs Group, Inc.	100,431		14,778,422

			29,547,729

			29,547,729
Health Care - 19.5%
Biotechnology - 8.1%
Alexion Pharmaceuticals, Inc. (I)	178,436		16,441,093
Biogen Idec, Inc. (I)	125,576		24,224,866
Celgene Corp. (I)	96,377		11,171,058
Gilead Sciences, Inc. (I)	421,097		20,604,276
Vertex Pharmaceuticals, Inc. (I)	297,373		16,349,568

			88,790,861
Health Care Equipment & Supplies - 1.5%
Abbott Laboratories	298,665		10,548,848
Intuitive Surgical, Inc. (I)	12,635		6,206,186

			16,755,034
Health Care Providers & Services - 2.2%
Express Scripts Holding Company (I)	238,049		13,723,525
UnitedHealth Group, Inc.	188,781		10,800,161

			24,523,686
Life Sciences Tools & Services - 0.8%
Illumina, Inc. (I)(L)	155,315		8,387,010
Pharmaceuticals - 6.9%
Allergan, Inc.	195,592		21,833,935
Bristol-Myers Squibb Company	255,664		10,530,800
Novo Nordisk A/S, ADR	112,140		18,110,610
Perrigo Company (L)	79,628		9,454,232
Shire PLC, ADR	167,039		15,260,683

			75,190,260

			213,646,851
Industrials - 9.4%
Aerospace & Defense - 6.1%
Precision Castparts Corp.	117,103		22,205,071
Rolls-Royce Holdings PLC (I)	326,384		5,608,458
The Boeing Company	242,423		20,812,015
United Technologies Corp.	188,407		17,602,866

			66,228,410
Electrical Equipment - 0.6%
Roper Industries, Inc. (L)	51,504		6,556,974
Road & Rail - 2.7%
Canadian Pacific Railway, Ltd.	23,484		3,063,957
Kansas City Southern	74,163		8,224,677


Capital Appreciation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Road & Rail (continued)
Union Pacific Corp.	130,180	$	18,538,934

			29,827,568

			102,612,952
Information Technology - 31.4%
Communications Equipment - 0.5%
QUALCOMM, Inc.	81,151		5,433,059
Computers & Peripherals - 4.7%
Apple, Inc.	86,814		38,426,481
EMC Corp. (I)	515,106		12,305,882

			50,732,363
Internet Software & Services - 8.7%
eBay, Inc. (I)	258,352		14,007,845
Facebook, Inc., Class A (I)(L)	438,479		11,216,293
Google, Inc., Class A (I)	50,365		39,991,321
LinkedIn Corp., Class A (I)	123,954		21,823,341
Rackspace Hosting, Inc. (I)(L)	143,824		7,260,236
Youku.com, Inc., ADR (I)(L)	16,332		273,888

			94,572,924
IT Services - 8.1%
IBM Corp.	84,657		18,057,338
Mastercard, Inc., Class A	76,657		41,481,402
Teradata Corp. (I)	88,946		5,204,230
Visa, Inc., Class A	142,395		24,184,367

			88,927,337
Semiconductors & Semiconductor Equipment - 2.8%
ARM Holdings PLC, ADR (L)	260,139		11,022,089
Avago Technologies, Ltd.	262,594		9,432,376
Broadcom Corp., Class A	298,886		10,362,378

			30,816,843
Software - 6.6%
Intuit, Inc.	216,345		14,203,049
Red Hat, Inc. (I)	278,893		14,100,830
Salesforce.com, Inc. (I)(L)	100,198		17,918,408
Splunk, Inc. (I)	131,864		5,278,516
VMware, Inc., Class A (I)	177,985		14,039,457
Workday, Inc., Class A (I)	110,957		6,838,280

			72,378,540

			342,861,066
Materials - 2.4%
Chemicals - 2.4%
Monsanto Company	248,476		26,246,520
Telecommunication Services - 1.4%
Diversified Telecommunication Services - 0.8%
American Tower Corp.	113,057		8,696,344
Wireless Telecommunication Services - 0.6%
Crown Castle International Corp. (I)	95,478		6,649,088

			15,345,432

TOTAL COMMON STOCKS (Cost $824,712,454)		$	1,092,224,053


SECURITIES LENDING COLLATERAL - 4.0%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)	4,405,676		44,095,093

TOTAL SECURITIES LENDING
COLLATERAL (Cost $44,094,781)		$	44,095,093

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Capital Appreciation Trust (continued)
	Shares or
	Principal
	Amount		Value


SHORT-TERM INVESTMENTS - 0.3%
Money Market Funds - 0.3%
State Street Institutional Treasury Money
Market Fund, 0.0000% (Y)	3,658,683		3,658,683

TOTAL SHORT-TERM INVESTMENTS (Cost $3,658,683)		$	3,658,683

Total Investments (Capital Appreciation Trust)
(Cost $872,465,918) - 104.3%		$	1,139,977,829
Other assets and liabilities, net - (4.3%)			(47,476,004)

TOTAL NET ASSETS - 100.0%		$	1,092,501,825




Capital Appreciation Value Trust
	Shares or
	Principal
	Amount		Value

COMMON STOCKS - 60.5%
Consumer Discretionary - 9.1%
Auto Components - 3.0%
Delphi Automotive PLC	85,800	$	3,809,520
Johnson Controls, Inc.	58,500		2,051,595
TRW Automotive Holdings Corp. (I)	86,600		4,763,000

			10,624,115
Automobiles - 0.1%
General Motors Company (I)	11,500		319,930
Media - 2.1%
Omnicom Group, Inc.	64,800		3,816,720
The McGraw-Hill Companies, Inc.	18,000		937,440
The Walt Disney Company (D)	43,400		2,465,120

			7,219,280
Multiline Retail - 1.2%
Dollar General Corp. (I)	54,400		2,751,552
Dollar Tree, Inc. (I)	22,300		1,079,989
Kohl’s Corp.	5,600		258,328

			4,089,869
Specialty Retail - 2.7%
AutoZone, Inc. (I)	11,900		4,721,554
Lowe’s Companies, Inc.	123,900		4,698,288

			9,419,842

			31,673,036
Consumer Staples - 6.7%
Beverages - 1.2%
PepsiCo, Inc.	51,500		4,074,165
Food Products - 2.3%
General Mills, Inc.	72,700		3,584,837
Kellogg Company	59,000		3,801,370
Nestle SA	6,923		500,852

			7,887,059
Household Products - 1.5%
The Procter & Gamble Company (D)	68,637		5,289,167
Personal Products - 0.2%
Avon Products, Inc.	44,200		916,266
Tobacco - 1.5%
Philip Morris International, Inc. (D)	55,900		5,182,489

			23,349,146


Capital Appreciation Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Energy - 3.2%
Oil, Gas & Consumable Fuels - 3.2%
Anadarko Petroleum Corp.	14,600	$	1,276,770
Apache Corp.	16,900		1,304,004
Chevron Corp.	6,800		807,976
Exxon Mobil Corp.	22,500		2,027,475
Range Resources Corp.	13,700		1,110,248
The Williams Companies, Inc. (D)	117,700		4,409,042

			10,935,515

			10,935,515
Financials - 10.8%
Capital Markets - 6.3%
Invesco, Ltd.	267,600		7,749,696
Northern Trust Corp.	41,100		2,242,416
State Street Corp.	112,500		6,647,625
TD Ameritrade Holding Corp.	257,500		5,309,650

			21,949,387
Commercial Banks - 1.7%
U.S. Bancorp (D)	177,800		6,032,754
Diversified Financial Services - 0.6%
JPMorgan Chase & Company (D)	41,200		1,955,352
Insurance - 2.2%
Marsh & McLennan Companies, Inc.	140,200		5,323,394
XL Group PLC	74,400		2,254,320

			7,577,714

			37,515,207
Health Care - 8.9%
Health Care Equipment & Supplies - 0.4%
DENTSPLY International, Inc.	28,600		1,213,212
Health Care Providers & Services - 2.8%
AmerisourceBergen Corp.	20,400		1,049,580
Henry Schein, Inc. (I)(L)	9,557		884,500
Laboratory Corp. of America Holdings (I)	14,000		1,262,800
McKesson Corp.	13,200		1,425,072
UnitedHealth Group, Inc.	88,200		5,045,922

			9,667,874
Life Sciences Tools & Services - 3.4%
Thermo Fisher Scientific, Inc.	156,400		11,963,036
Pharmaceuticals - 2.3%
Pfizer, Inc. (D)	267,870		7,730,728
Zoetis, Inc. (D)(I)	5,500		183,700

			7,914,428

			30,758,550
Industrials - 8.3%
Aerospace & Defense - 4.7%
Honeywell International, Inc.	49,200		3,707,220
United Technologies Corp.	137,100		12,809,253

			16,516,473
Industrial Conglomerates - 3.5%
Danaher Corp.	195,100		12,125,465
Machinery - 0.1%
Actuant Corp., Class A (L)	7,699		235,743

			28,877,681

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Capital Appreciation Value Trust (continued)
	Shares or
	Principal
	Amount		Value

COMMON STOCKS (continued)
Information Technology - 10.6%
Communications Equipment - 0.2%
Cisco Systems, Inc. (D)	28,100	$	587,571
Computers & Peripherals - 1.0%
Apple, Inc.	7,800		3,452,514
Electronic Equipment, Instruments & Components - 1.6%
TE Connectivity, Ltd.	135,900		5,698,287
Internet Software & Services - 1.5%
Google, Inc., Class A (I)	6,400		5,081,792
IT Services - 3.7%
Accenture PLC, Class A (D)	23,000		1,747,310
Fiserv, Inc. (I)	98,000		8,607,340
IBM Corp. (D)	11,300		2,410,290

			12,764,940
Semiconductors & Semiconductor Equipment - 1.9%
Texas Instruments, Inc.	187,800		6,663,144
Software - 0.7%
Microsoft Corp. (D)	24,800		709,528
Oracle Corp. (D)	60,000		1,940,400

			2,649,928

			36,898,176
Materials - 0.5%
Chemicals - 0.2%
Potash Corp. of Saskatchewan, Inc.	16,600		651,550
Containers & Packaging - 0.3%
Crown Holdings, Inc. (I)	29,400		1,223,334

			1,874,884
Utilities - 2.4%
Electric Utilities - 0.7%
Xcel Energy, Inc.	85,400		2,536,380
Independent Power Producers & Energy Traders - 0.2%
NRG Energy, Inc.	22,200		588,078
Multi-Utilities - 1.5%
PG&E Corp.	112,900		5,027,437

			8,151,895

TOTAL COMMON STOCKS (Cost $166,013,392)		$	210,034,090

PREFERRED SECURITIES - 1.8%
Consumer Discretionary - 0.4%
Automobiles - 0.4%
General Motors Company, Series B, 4.750%	29,500		1,266,730
Consumer Staples - 0.1%
Food Products - 0.1%
H.J. Heinz Finance Company, 8.000% (S)	4		409,250
Financials - 0.7%
Commercial Banks - 0.2%
U.S. Bancorp (6.000% to 04/15/2017, then
3 month LIBOR + 4.861%)	15,000		417,600
U.S. Bancorp (6.500% to 01/15/2022, then
3 month LIBOR + 4.468%)	14,000		418,040

			835,640
Diversified Financial Services - 0.5%
AMG Capital Trust I, 5.100%	29,460		1,797,060

			2,632,700


Capital Appreciation Value Trust (continued)
		Shares or
		Principal
		Amount		Value


PREFERRED SECURITIES (continued)
Utilities - 0.6%
Electric Utilities - 0.6%
PPL Corp., 8.750%		28,250	$	1,574,938
SCE Trust I, 5.625%		15,000		394,350

				1,969,288

				1,969,288

TOTAL PREFERRED SECURITIES (Cost $5,803,405)			$	6,277,968


CORPORATE BONDS - 12.3%
Consumer Discretionary - 2.2%
Amazon.com, Inc.
0.650%, 11/27/2015	$	560,000	$	559,324
American Honda Finance Corp.
1.000%, 08/11/2015 (S)		445,000		446,594
Delphi Corp.
5.875%, 05/15/2019		550,000		594,000
Dollar General Corp.
4.125%, 07/15/2017		225,000		241,594
Ford Motor Credit Company LLC
2.500%, 01/15/2016		380,000		387,382
2.750%, 05/15/2015		400,000		408,306
3.875%, 01/15/2015		890,000		925,214
6.625%, 08/15/2017		200,000		233,334
7.000%, 10/01/2013		400,000		411,897
8.000%, 06/01/2014		500,000		537,885
Lamar Media Corp.
9.750%, 04/01/2014		885,000		953,588
NBCUniversal Enterprise, Inc.
0.817%, 04/15/2016 (P)(S)		420,000		419,711
0.965%, 04/15/2018 (P)(S)		175,000		175,040
The Walt Disney Company
0.280%, 02/11/2015 (P)		395,000		394,784
0.450%, 12/01/2015		250,000		249,762
Unitymedia Hessen GmbH & Company KG
7.500%, 03/15/2019 (S)		580,000		748,475

				7,686,890
Consumer Staples - 1.3%
Anheuser-Busch InBev Finance, Inc.
0.800%, 01/15/2016		950,000		950,755
Campbell Soup Company
0.599%, 08/01/2014 (P)		460,000		461,221
Costco Wholesale Corp.
0.650%, 12/07/2015		440,000		440,630
General Mills, Inc.
0.601%, 01/29/2016 (P)		350,000		350,299
0.875%, 01/29/2016		90,000		90,311
Heineken NV
0.800%, 10/01/2015 (S)		160,000		160,016
Kellogg Company
0.522%, 02/13/2015 (P)		195,000		195,255
PepsiCo, Inc.
0.497%, 02/26/2016 (P)		505,000		505,296
0.700%, 02/26/2016		300,000		300,077
Reynolds American, Inc.
1.050%, 10/30/2015		50,000		50,018
The Coca-Cola Company
0.264%, 03/05/2015 (P)		435,000		435,165
Walgreen Company
0.780%, 03/13/2014 (P)		310,000		310,832
1.000%, 03/13/2015		310,000		310,620

				4,560,495

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Capital Appreciation Value Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Energy - 2.6%
Concho Resources, Inc.
5.500%, 10/01/2022 to 04/01/2023	$	1,350,000	$	1,401,938
EP Energy LLC
6.875%, 05/01/2019		225,000		246,375
EQT Corp.
4.875%, 11/15/2021		1,570,000		1,664,530
6.500%, 04/01/2018		315,000		365,071
Laredo Petroleum, Inc.
7.375%, 05/01/2022		100,000		109,500
9.500%, 02/15/2019		150,000		169,500
Marathon Oil Corp.
0.900%, 11/01/2015		65,000		64,841
ONEOK Partners LP
2.000%, 10/01/2017		140,000		141,537
QEP Resources, Inc.
6.800%, 03/01/2020		70,000		77,525
Range Resources Corp.
5.000%, 08/15/2022		1,500,000		1,530,000
5.000%, 03/15/2023 (S)		400,000		409,000
5.750%, 06/01/2021		160,000		171,600
8.000%, 05/15/2019		700,000		766,500
Shell International Finance BV
0.625%, 12/04/2015		395,000		396,454
SM Energy Company
6.500%, 01/01/2023		225,000		246,375
Total Capital Canada, Ltd.
0.683%, 01/15/2016 (P)		475,000		477,105
Total Capital International SA
0.750%, 01/25/2016		470,000		471,162
TransCanada PipeLines, Ltd.
0.750%, 01/15/2016		395,000		394,554

				9,103,567
Financials - 1.4%
American Honda Finance Corp.
0.378%, 08/02/2013 (P)(S)		335,000		335,094
CNH Capital LLC
6.250%, 11/01/2016		50,000		55,250
E*TRADE Financial Corp.
6.000%, 11/15/2017		100,000		104,625
6.375%, 11/15/2019		400,000		423,000
6.750%, 06/01/2016		50,000		53,875
Host Hotels & Resorts LP
6.750%, 06/01/2016		35,000		35,656
International Lease Finance Corp.
6.500%, 09/01/2014 (S)		250,000		266,250
Janus Capital Group, Inc.
6.700%, 06/15/2017		675,000		772,972
Kreditanstalt fuer Wiederaufbau
0.500%, 04/19/2016		832,000		830,982
Legg Mason, Inc.
5.500%, 05/21/2019		860,000		933,643
Toyota Motor Credit Corp.
0.369%, 08/22/2014 (P)		450,000		450,316
0.430%, 03/10/2015 (P)		400,000		400,384
0.472%, 01/23/2015 (P)		285,000		285,003

				4,947,050
Health Care - 0.2%
Takeda Pharmaceutical Company, Ltd.
1.031%, 03/17/2015 (S)		365,000		368,153
Zoetis, Inc.
1.150%, 02/01/2016 (S)		115,000		115,316


Capital Appreciation Value Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Health Care (continued)
Zoetis, Inc. (continued)
1.875%, 02/01/2018 (S)	$	85,000	$	85,587

				569,056
Industrials - 1.8%
American Airlines Pass
Through Trust 2009-1A
10.375%, 07/02/2019		98,090		102,504
Caterpillar Financial Services Corp.
0.527%, 02/26/2016 (P)		210,000		210,184
0.700%, 11/06/2015		205,000		205,179
Continental Airlines 2009-1 Pass
Through Trust
9.000%, 07/08/2016		261,489		302,347
Continental Airlines 2009-2 Class A Pass
Through Trust
7.250%, 11/10/2019		153,401		179,096
Continental Airlines 2012-1 Class A Pass
Through Trust
4.150%, 04/11/2024		600,000		627,750
Continental Airlines, Inc.
6.750%, 09/15/2015 (S)		190,000		199,025
Delta Air Lines 2009-1 Class A Pass
Through Trust
7.750%, 12/17/2019		184,068		212,598
Delta Air Lines 2011-1 Class A Pass
Through Trust
5.300%, 04/15/2019		129,787		143,414
John Deere Capital Corp.
0.404%, 01/12/2015 (P)		700,000		700,120
0.405%, 10/08/2014 (P)		555,000		555,512
0.700%, 09/04/2015		310,000		310,401
0.750%, 01/22/2016		225,000		225,680
PACCAR Financial Corp.
0.563%, 02/08/2016 (P)		35,000		35,030
Precision Castparts Corp.
0.700%, 12/20/2015		300,000		300,596
Schaeffler Finance BV
7.750%, 02/15/2017 (S)		200,000		225,250
8.500%, 02/15/2019 (S)		200,000		227,500
United Technologies Corp.
0.787%, 06/01/2015 (P)		900,000		908,809
US Airways 2010-1 Class A Pass
Through Trust
6.250%, 04/22/2023		478,677		531,331
US Airways 2010-1 Class B Pass
Through Trust
8.500%, 04/22/2017		65,526		70,276
US Airways 2012-2 Class A Pass
Through Trust
4.625%, 06/03/2025		25,000		26,063
US Airways 2012-2 Class B Pass
Through Trust
6.750%, 06/03/2021		75,000		79,875

				6,378,540
Information Technology - 0.1%
Autodesk, Inc.
1.950%, 12/15/2017		285,000		282,398
Materials - 0.3%
Ball Corp.
7.375%, 09/01/2019		325,000		359,938

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Capital Appreciation Value Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Materials (continued)
Rexam PLC (6.750% to 06/29/2017, then
3 month EURIBOR + 2.900%)
06/29/2067	$	480,000	$	639,660

				999,598
Telecommunication Services - 1.7%
American Tower Corp.
4.625%, 04/01/2015		70,000		74,645
AT&T, Inc.
0.677%, 02/12/2016 (P)		450,000		451,858
0.800%, 12/01/2015		590,000		588,822
0.900%, 02/12/2016		175,000		174,896
British Telecommunications PLC
1.405%, 12/20/2013 (P)		430,000		433,367
2.000%, 06/22/2015		290,000		296,696
Cricket Communications, Inc.
7.750%, 10/15/2020		660,000		658,350
Crown Castle International Corp.
7.125%, 11/01/2019		25,000		27,313
Matterhorn Mobile SA
5.399%, 05/15/2019 (P)(S)		150,000		160,065
6.750%, 05/15/2019 (S)		200,000		224,629
SBA Telecommunications, Inc.
8.250%, 08/15/2019		49,000		54,023
Sprint Capital Corp.
6.900%, 05/01/2019		25,000		27,438
Sprint Nextel Corp.
9.000%, 11/15/2018 (S)		300,000		370,875
11.500%, 11/15/2021		90,000		126,000
UPCB Finance VI, Ltd.
6.875%, 01/15/2022 (S)		1,500,000		1,631,250
Verizon Communications, Inc.
0.481%, 03/06/2015 (P)(S)		700,000		699,728

				5,999,955
Utilities - 0.7%
Calpine Construction Finance Company LP
8.000%, 06/01/2016 (S)		750,000		786,563
Calpine Corp.
7.500%, 02/15/2021 (S)		247,000		271,083
CMS Energy Corp.
6.550%, 07/17/2017		170,000		203,219
8.750%, 06/15/2019		80,000		108,027
EQT Corp.
8.125%, 06/01/2019		483,000		599,901
Florida Power Corp.
0.650%, 11/15/2015		285,000		285,029

				2,253,822

TOTAL CORPORATE BONDS (Cost $41,596,271)			$	42,781,371


CONVERTIBLE BONDS - 0.9%
Energy - 0.0%
Peabody Energy Corp. 4.750%, 12/15/2041		40,000		32,600
Industrials - 0.5%
Continental Airlines, Inc. 4.500%, 01/15/2015		885,000		1,584,150
Information Technology - 0.3%
Xilinx, Inc. 3.125%, 03/15/2037		876,000		1,174,388
Telecommunication Services - 0.1%
SBA Communications Corp.
1.875%, 05/01/2013		229,000		396,170

TOTAL CONVERTIBLE BONDS (Cost $2,313,627)			$	3,187,308


Capital Appreciation Value Trust (continued)
		Shares or
		Principal
		Amount		Value


TERM LOANS (M) - 6.3%
Consumer Discretionary - 0.8%
Charter Communications Operating LLC
3.460%, 09/06/2016	$	215,350	$	216,036
Dollar General Corp.
2.954%, 07/06/2017		1,250,000		1,252,329
Federal-Mogul Corp.
2.138%, 12/28/2015		645,165		602,333
Peninsula Gaming LLC
5.750%, 11/20/2017		748,125		760,282
Univision Communications, Inc.
4.454%, 03/31/2017		275,721		276,969

				3,107,949
Consumer Staples - 3.5%
Dunkin’ Brands, Inc.
3.753%, 02/14/2020		9,226,461		9,328,339
H.J. Heinz Company,
TBD 03/27/2020 (T)		2,475,000		2,496,038
Pinnacle Foods Finance LLC
4.750%, 10/17/2018		371,189		374,397

				12,198,774
Energy - 0.1%
Terra-Gen Finance Company LLC
6.500%, 06/22/2017		207,042		206,524
Financials - 0.0%
Fifth Third Processing
3.750%, 03/27/2019		49,500		49,624
Health Care - 0.1%
DaVita, Inc.
4.000%, 11/01/2019		199,500		201,246
Industrials - 0.1%
Delos Aircraft, Inc.
4.750%, 04/12/2016		250,000		251,250
Telecommunication Services - 1.7%
Crown Castle Operating Company
4.000%, 01/31/2019		541,749		547,708
Intelsat Jackson Holdings SA
4.500%, 04/02/2018		3,740,625		3,796,734
SBA Senior Finance
3.750%, 06/29/2018		196,500		198,281
Telesat Canada
TBD 03/28/2019 (T)		500,000		495,890
4.396%, 03/24/2017		148,125		144,720
5.500%, 03/28/2019		707,892		712,316

				5,895,649

TOTAL TERM LOANS (Cost $21,735,247)			$	21,911,016


COLLATERALIZED MORTGAGE
OBLIGATIONS - 5.0%
U.S. Government Agency - 5.0%
Federal Home Loan Mortgage Corp.
Series 4060, Class FH,
0.703%, 06/15/2042 (P)	$	908,619	$	916,800
Series 4062, Class AF,
0.703%, 06/15/2042 (P)		608,882		613,392
Series 4074, Class FK,
0.583%, 07/15/2042 (P)		631,550		635,285
Series 4077, Class FD,
0.703%, 07/15/2042 (P)		330,728		333,746
Series 4080, Class FA,
0.703%, 07/15/2042 (P)		332,893		335,834

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Capital Appreciation Value Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal Home Loan Mortgage Corp. (continued)
Series 4086, Class FT,
0.703%, 07/15/2042 (P)	$	484,999	$	492,025
Series 4089, Class FD,
0.703%, 08/15/2042 (P)		217,587		219,510
Series 4091, Class TF,
0.653%, 08/15/2042 (P)		265,582		267,106
Series 4097, Class FA,
0.653%, 08/15/2042 (P)		1,010,007		1,018,114
Series 4097, Class TF,
0.603%, 05/15/2039 (P)		1,129,003		1,133,508
Federal National Mortgage Association
Series 2012-114, Class DF,
0.604%, 08/25/2039 (P)		966,291		970,139
Series 2012-103, Class CF,
0.654%, 09/25/2042 (P)		970,886		978,642
Series 2012-113, Class FC,
0.604%, 10/25/2042 (P)		1,356,533		1,365,041
Series 2012-113, Class FM,
0.604%, 10/25/2042 (P)		1,004,673		1,009,959
Series 2012-113, Class GF,
0.604%, 10/25/2042 (P)		454,047		456,480
Series 2012-86, Class CF,
0.604%, 04/25/2039 (P)		509,032		511,254
Series 2012-86, Class FC,
0.654%, 08/25/2042 (P)		501,694		507,542
Series 2012-87, Class FK,
0.704%, 08/25/2042 (P)		486,208		493,442
Series 2012-93, Class FG,
0.604%, 09/25/2042 (P)		522,383		525,623
Series 2012-93, Class FK,
0.654%, 09/25/2042 (P)		566,395		571,000
Series 2012-99, Class FA,
0.654%, 09/25/2042 (P)		147,458		148,650
Series 2012-99, Class FB,
0.584%, 09/25/2042 (P)		265,272		266,711
Series 2012-99, Class FQ,
0.654%, 09/25/2042 (P)		888,173		897,095
Government National Mortgage Association
Series 2011-93, Class BF,
0.603%, 07/16/2041 (P)		965,972		971,035
Series 2012-32, Class FP,
0.603%, 03/16/2042 (P)		916,632		922,806
Series 2012-43, Class FH,
0.603%, 04/16/2042 (P)		739,899		745,101

				17,305,840

TOTAL COLLATERALIZED MORTGAGE
OBLIGATIONS (Cost $17,222,926)			$	17,305,840


ASSET BACKED SECURITIES - 0.7%
Ally Master Owner Trust, Series 2012-3,
Class A1
0.903%, 06/15/2017 (P)		1,540,000		1,549,620
Ford Credit Auto Owner Trust, Series 2012-C,
Class A3
0.580%, 12/15/2016		390,000		390,716
Honda Auto Receivables Owner Trust,
Series 2012-3, Class A3
0.560%, 05/15/2016		380,000		380,325

TOTAL ASSET BACKED SECURITIES (Cost $2,309,974)			$	2,320,661


Capital Appreciation Value Trust (continued)
		Shares or
		Principal
		Amount		Value


SECURITIES LENDING COLLATERAL - 0.0%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		13,456		134,678

TOTAL SECURITIES LENDING
COLLATERAL (Cost $134,676)			$	134,678


SHORT-TERM INVESTMENTS - 12.8%
Money Market Funds - 12.2%
T. Rowe Price Prime Reserve Investment
Fund, 0.0959% (Y)	$	42,327,640	$	42,327,640
Repurchase Agreement - 0.6%
Repurchase Agreement with State Street Corp.
dated 03/28/2013 at 0.010% to be
repurchased at $138,457 on 04/01/2013,
collateralized by $150,000 Federal National
Mortgage Association, 2.080% due
11/02/2022 (valued at $148,828
including interest)		138,457		138,457
Repurchase Agreement with State Street Corp.
dated 03/28/2013 at 0.010% to be
repurchased at $1,980,002 on 04/01/2013,
collateralized by $1,945,000 U.S. Treasury
Note, 1.500% due 06/30/2016 (valued at
$2,020,087 including interest)		1,980,000		1,980,000

				2,118,457

TOTAL SHORT-TERM INVESTMENTS (Cost $44,446,097)			$	44,446,097

Total Investments (Capital Appreciation Value Trust)
(Cost $301,575,615) - 100.3%			$	348,399,029
Other assets and liabilities, net - (0.3%)				(1,062,336)

TOTAL NET ASSETS - 100.0%			$	347,336,693




Core Allocation Plus Trust
		Shares or
		Principal
		Amount		Value



COMMON STOCKS - 64.0%
Consumer Discretionary - 10.5%
Auto Components - 0.6%
Aisin Seiki Company, Ltd.		2,900	$	106,850
Allison Transmission Holdings, Inc.		6,480		155,585
Continental AG		2,356		281,881
Delphi Automotive PLC		1,140		50,616
Exedy Corp.		6,900		161,972
Stanley Electric Company, Ltd.		6,700		116,136
Tenneco, Inc. (I)		4,830		189,867
Xingda International Holdings, Ltd.		419,000		139,083

				1,201,990
Automobiles - 0.3%
Daihatsu Motor Company, Ltd.		5,000		103,878
Dongfeng Motor Group Company, Ltd.,
H Shares		110,000		155,044
General Motors Company (I)		7,100		197,522
Nissan Motor Company, Ltd.		15,100		146,313

				602,757
Diversified Consumer Services - 0.3%
Anhanguera Educacional Participacoes SA		17,200		278,077
H&R Block, Inc.		7,600		223,592

				501,669

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Core Allocation Plus Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Hotels, Restaurants & Leisure - 0.8%
AFC Enterprises, Inc. (I)	2,170	$	78,836
Bloomin’ Brands, Inc. (I)	6,610		118,121
Buffalo Wild Wings, Inc. (I)(L)	1,340		117,290
Burger King Worldwide, Inc. (L)	5,740		109,634
Carnival Corp.	2,480		85,064
Galaxy Entertainment Group, Ltd. (I)	50,000		209,515
Home Inns & Hotels
Management, Inc., ADR (I)(L)	6,300		187,677
Marriott International, Inc., Class A	1,300		54,899
OPAP SA	13,016		102,773
Sands China, Ltd.	66,000		342,380
The Cheesecake Factory, Inc. (L)	3,260		125,869

			1,532,058
Household Durables - 0.8%
iRobot Corp. (I)(L)	4,400		112,904
PDG Realty SA Empreendimentos
e Participacoes	138,000		215,118
Persimmon PLC	33,136		539,382
PulteGroup, Inc. (I)	3,500		70,840
Sekisui House, Ltd.	6,000		81,642
Sony Corp.	11,200		194,415
Standard Pacific Corp. (I)	12,050		104,112
Whirlpool Corp.	1,840		217,966

			1,536,379
Internet & Catalog Retail - 1.7%
Amazon.com, Inc. (I)	5,140		1,369,759
Ctrip.com International, Ltd., ADR (I)(L)	8,750		187,075
Expedia, Inc. (L)	8,350		501,084
HomeAway, Inc. (I)	2,980		96,850
HSN, Inc.	2,380		130,567
Hyundai Home Shopping Network Corp.	2,910		363,415
Netflix, Inc. (I)	980		185,622
priceline.com, Inc. (I)	265		182,301
Rakuten, Inc.	11,200		114,592

			3,131,265
Leisure Equipment & Products - 0.2%
Mattel, Inc.	800		35,032
Polaris Industries, Inc. (L)	1,450		134,111
Sega Sammy Holdings, Inc.	6,200		124,527

			293,670
Media - 1.3%
AirMedia Group, Inc., ADR (I)	30,600		54,774
Comcast Corp., Class A	3,400		142,834
DIRECTV (I)	7,720		437,029
DreamWorks Animation
SKG, Inc., Class A (I)(L)	18,800		356,448
Gannett Company, Inc. (L)	18,330		400,877
Genius Products, Inc. (I)	32		2
News Corp., Class A	1,600		48,832
Pandora Media, Inc. (I)(L)	11,920		168,787
Shutterstock, Inc. (I)(L)	2,828		127,203
Thomson Reuters Corp.	1,600		51,968
Time Warner Cable, Inc.	1,540		147,932
Viacom, Inc., Class B	1,100		67,727
Wolters Kluwer NV	18,437		402,910

			2,407,323
Multiline Retail - 0.8%
Dollar Tree, Inc. (I)	800		38,744
Golden Eagle Retail Group, Ltd.	123,000		222,848
Intime Department Store Group Company, Ltd.	220,000		253,232


Core Allocation Plus Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Multiline Retail (continued)
Macy’s, Inc.	4,600	$	192,464
Maoye International Holdings, Ltd.	899,000		214,657
New World Department Store China, Ltd.	163,000		94,588
Target Corp.	7,200		492,840

			1,509,373
Specialty Retail - 2.4%
Advance Auto Parts, Inc.	5,250		433,913
AutoZone, Inc. (I)	600		238,062
Cabela’s, Inc. (I)(L)	3,700		224,886
DSW, Inc., Class A	2,220		141,636
Five Below, Inc. (I)	2,350		89,042
Francesca’s Holdings Corp. (I)(L)	4,480		128,397
GameStop Corp., Class A	6,200		173,414
Hibbett Sports, Inc. (I)(L)	1,850		104,100
K’s Holding Corp.	4,300		137,750
Lowe’s Companies, Inc.	11,850		449,352
O’Reilly Automotive, Inc. (I)	1,600		164,080
Pier 1 Imports, Inc. (L)	6,700		154,100
Ross Stores, Inc.	400		24,248
rue21, Inc. (I)(L)	2,840		83,468
Staples, Inc.	3,300		44,319
The Gap, Inc.	8,800		311,520
The Home Depot, Inc.	4,010		279,818
Tiffany & Company	3,400		236,436
TJX Companies, Inc.	18,750		876,563
Urban Outfitters, Inc. (I)	6,680		258,783

			4,553,887
Textiles, Apparel & Luxury Goods - 1.3%
Bosideng International Holdings, Ltd.	786,000		244,259
China Dongxiang Group Company	826,000		127,794
Coach, Inc.	7,630		381,424
Hanesbrands, Inc. (I)(L)	3,081		140,370
Michael Kors Holdings, Ltd. (I)	8,460		480,443
Prada SpA	45,100		458,409
Quiksilver, Inc. (I)	7,140		43,340
Samsonite International SA	205,850		514,612
Steven Madden, Ltd. (I)	3,610		155,735

			2,546,386

			19,816,757
Consumer Staples - 5.3%
Beverages - 0.7%
Brown-Forman Corp., Class B	4,550		324,870
C&C Group PLC	1,527		9,934
C&C Group PLC (London Exchange)	57,122		373,500
Coca-Cola Enterprises, Inc.	3,000		110,760
Constellation Brands, Inc., Class A (I)	4,400		209,616
Monster Beverage Corp. (I)	4,360		208,146
The Coca-Cola Company	2,920		118,085

			1,354,911
Food & Staples Retailing - 1.5%
Alimentation Couche Tard, Inc.	2,900		157,183
Casey’s General Stores, Inc. (L)	1,760		102,608
CVS Caremark Corp.	15,710		863,893
The Fresh Market, Inc. (I)(L)	4,500		192,465
The Kroger Company	15,200		503,728
Wal-Mart Stores, Inc.	9,400		703,402
Walgreen Company	6,600		314,688

			2,837,967

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Core Allocation Plus Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Food Products - 0.7%
Archer-Daniels-Midland Company	13,900	$	468,847
ConAgra Foods, Inc.	900		32,229
Dean Foods Company (I)	2,800		50,764
Golden Agri-Resources, Ltd.	162,000		75,921
Hillshire Brands Company	1,900		66,785
Ingredion, Inc.	4,490		324,717
Mead Johnson Nutrition Company	900		69,705
The J.M. Smucker Company	300		29,748
Tyson Foods, Inc., Class A	10,700		265,574

			1,384,290
Household Products - 0.5%
Energizer Holdings, Inc.	720		71,806
Spectrum Brands Holdings, Inc.	2,640		149,398
The Procter & Gamble Company	8,100		624,186

			845,390
Personal Products - 0.3%
Elizabeth Arden, Inc. (I)	3,400		136,850
Hypermarcas SA (I)	14,800		117,257
Nu Skin Enterprises, Inc., Class A (L)	1,000		44,200
The Estee Lauder Companies, Inc., Class A	4,800		307,344

			605,651
Tobacco - 1.6%
Altria Group, Inc.	28,230		970,830
Japan Tobacco, Inc.	6,500		208,037
Lorillard, Inc.	17,320		698,862
Philip Morris International, Inc.	11,810		1,094,905

			2,972,634

			10,000,843
Energy - 5.2%
Energy Equipment & Services - 0.7%
Atwood Oceanics, Inc. (I)	2,050		107,707
Diamond Offshore Drilling, Inc. (L)	2,600		180,856
Ensco PLC, Class A	500		30,000
Halliburton Company	6,660		269,131
Helmerich & Payne, Inc.	2,000		121,400
Oceaneering International, Inc.	3,500		232,435
Patterson-UTI Energy, Inc. (L)	4,340		103,466
Trican Well Service, Ltd.	10,620		155,769

			1,200,764
Oil, Gas & Consumable Fuels - 4.5%
Anadarko Petroleum Corp.	3,310		289,460
Apache Corp.	2,650		204,474
Banpu PCL	6,700		86,252
Cabot Oil & Gas Corp.	3,400		229,874
Canadian Natural Resources, Ltd.	8,200		262,907
Chevron Corp.	9,780		1,162,060
Cobalt International Energy, Inc. (I)	12,400		349,680
ConocoPhillips	10,600		637,060
Exxon Mobil Corp.	15,575		1,403,463
Gulfport Energy Corp. (I)	1,830		83,869
Hess Corp.	900		64,449
HollyFrontier Corp.	950		48,878
Inpex Corp.	22		118,246
JX Holdings, Inc.	26,700		150,081
Karoon Gas Australia, Ltd. (I)	11,785		63,067
Marathon Petroleum Corp.	3,000		268,800
Murphy Oil Corp.	2,900		184,817
Occidental Petroleum Corp.	4,250		333,073
Painted Pony Petroleum, Ltd., Class A (I)	9,650		96,799


Core Allocation Plus Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels (continued)
Phillips 66	2,100	$	146,937
Pioneer Natural Resources Company	3,450		428,663
Range Resources Corp.	3,535		286,476
Repsol SA	7,239		147,294
Rex Energy Corp. (I)(L)	5,290		87,179
Rosetta Resources, Inc. (I)	2,200		104,676
SemGroup Corp., Class A (I)	3,820		197,570
Southwestern Energy Company (I)	8,500		316,710
Tesoro Corp.	7,600		444,980
Valero Energy Corp.	5,000		227,450
WPX Energy, Inc. (I)	5,500		88,110

			8,513,354

			9,714,118
Financials - 9.3%
Capital Markets - 1.4%
American Capital, Ltd. (I)	10,900		159,086
EFG International (L)	35,165		425,074
Financial Engines, Inc. (L)	2,770		100,329
Julius Baer Group, Ltd. (I)	5,866		228,513
LPL Financial Holdings, Inc.	7,500		241,800
Morgan Stanley	11,100		243,978
T. Rowe Price Group, Inc.	2,800		209,636
The Goldman Sachs Group, Inc.	2,520		370,818
UBS AG (I)	38,500		591,251
Virtus Investment Partners, Inc. (I)	300		55,884
WisdomTree Investments, Inc. (I)	5,670		58,968

			2,685,337
Commercial Banks - 2.2%
Banco Santander Brasil SA, ADR	37,700		273,702
Bank of Ireland (I)	47,334		9,347
Bank of Ireland (London Exchange) (I)	790,610		155,179
East West Bancorp, Inc.	810		20,793
Fifth Third Bancorp	23,100		376,761
Hana Financial Group, Inc.	9,040		319,946
Huntington Bancshares, Inc.	6,700		49,513
Itau Unibanco Holding SA, ADR	20,000		356,000
Mitsubishi UFJ Financial Group	69,100		416,521
PNC Financial Services Group, Inc.	8,390		557,935
Regions Financial Corp.	7,200		58,968
Royal Bank of Scotland Group PLC (I)	70,416		296,273
SunTrust Banks, Inc.	8,600		247,766
The Bank of Yokohama, Ltd.	14,000		81,207
Wells Fargo & Company	25,140		929,929

			4,149,840
Consumer Finance - 0.6%
American Express Company	3,600		242,856
Capital One Financial Corp.	600		32,970
Discover Financial Services	15,000		672,600
SLM Corp.	7,800		159,744

			1,108,170
Diversified Financial Services - 1.6%
Bank of America Corp.	58,050		707,049
Citigroup, Inc.	19,790		875,510
JPMorgan Chase & Company	24,620		1,168,465
Moody’s Corp.	4,300		229,276

			2,980,300
Insurance - 2.3%
AIA Group, Ltd.	30,800		134,604
American International Group, Inc. (I)	28,830		1,119,181

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Core Allocation Plus Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Insurance (continued)
Assurant, Inc.	4,200	$	189,042
Berkshire Hathaway, Inc., Class B (I)	2,160		225,072
China Pacific Insurance Group Company, Ltd.,
H Shares	37,600		124,184
Direct Line Insurance Group Plc	28,972		89,785
Everest Re Group, Ltd.	1,150		149,339
Hartford Financial Services Group, Inc. (L)	2,700		69,660
Lincoln National Corp.	5,200		169,572
Marsh & McLennan Companies, Inc.	8,400		318,948
MetLife, Inc.	4,300		163,486
MS&AD Insurance Group Holdings	5,200		115,837
Prudential Financial, Inc.	4,040		238,320
T&D Holdings, Inc.	15,400		184,395
The Allstate Corp.	10,300		505,421
The Dai-ichi Life Insurance Company, Ltd.	113		151,804
Tokio Marine Holdings, Inc.	12,500		361,309

			4,309,959
Real Estate Investment Trusts - 1.0%
American Capital Agency Corp.	11,900		390,082
Annaly Capital Management, Inc. (L)	19,110		303,658
Kimco Realty Corp. (L)	21,000		470,400
MFA Financial, Inc.	8,300		77,356
Pebblebrook Hotel Trust	6,240		160,930
Potlatch Corp.	4,030		184,816
Unibail-Rodamco SE	930		216,608

			1,803,850
Real Estate Management & Development - 0.2%
BR Properties SA	16,500		183,556
Countrywide PLC (I)	1,700		10,074
Mitsui Fudosan Company, Ltd.	6,000		171,159
Multiplan Empreendimentos Imobiliarios SA	2,000		57,513

			422,302
Thrifts & Mortgage Finance - 0.0%
Ocwen Financial Corp. (I)	2,280		86,458

			17,546,216
Health Care - 10.2%
Biotechnology - 3.9%
Algeta ASA (I)(L)	3,850		129,572
Alkermes PLC (I)	6,900		163,599
Amgen, Inc.	11,530		1,181,940
Arena Pharmaceuticals, Inc. (I)(L)	7,060		57,963
AVEO Pharmaceuticals, Inc. (I)(L)	6,240		45,864
Biogen Idec, Inc. (I)	2,980		574,872
BioMarin Pharmaceutical, Inc. (I)(L)	5,740		357,372
Celgene Corp. (I)	3,700		428,867
Cubist Pharmaceuticals, Inc. (I)	2,090		97,854
Exelixis, Inc. (I)(L)	11,150		51,513
Gilead Sciences, Inc. (I)	17,840		872,911
Immunogen, Inc. (I)	4,400		70,664
Incyte Corp. (I)	3,310		77,487
Ironwood Pharmaceuticals, Inc. (I)(L)	6,090		111,386
NPS Pharmaceuticals, Inc. (I)(L)	9,410		95,888
Onyx Pharmaceuticals, Inc. (I)	13,120		1,165,843
Regeneron Pharmaceuticals, Inc. (I)	5,950		1,049,580
Rigel Pharmaceuticals, Inc. (I)	5,500		37,345
Seattle Genetics, Inc. (I)(L)	14,620		519,156
Vertex Pharmaceuticals, Inc. (I)	4,600		252,908

			7,342,584
Health Care Equipment & Supplies - 0.6%
Abbott Laboratories	4,630		163,532


Core Allocation Plus Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Health Care Equipment & Supplies (continued)
Boston Scientific Corp. (I)	46,100	$	360,041
HeartWare International, Inc. (I)(L)	920		81,356
Insulet Corp. (I)(L)	3,910		101,113
Medtronic, Inc.	1,100		51,656
St. Jude Medical, Inc.	3,800		153,672
Stryker Corp.	4,350		283,794

			1,195,164
Health Care Providers & Services - 1.0%
Aetna, Inc.	1,900		97,128
Air Methods Corp. (L)	2,760		133,142
AmerisourceBergen Corp.	2,200		113,190
Brookdale Senior Living, Inc. (I)	8,100		225,828
Cigna Corp.	4,530		282,536
HCA Holdings, Inc.	11,800		479,434
Team Health Holdings, Inc. (I)	2,370		86,221
UnitedHealth Group, Inc.	5,000		286,050
WellCare Health Plans, Inc. (I)	1,820		105,487
WellPoint, Inc.	1,100		72,853

			1,881,869
Life Sciences Tools & Services - 0.2%
Covance, Inc. (I)	2,100		156,072
Thermo Fisher Scientific, Inc.	1,800		137,682

			293,754
Pharmaceuticals - 4.5%
AbbVie, Inc.	3,600		146,808
Actavis, Inc. (I)	3,400		313,174
AstraZeneca PLC	13,771		692,418
Bristol-Myers Squibb Company	9,500		391,305
Daiichi Sankyo Company, Ltd.	10,100		194,757
Eisai Company, Ltd.	6,200		277,683
Eli Lilly & Company	24,980		1,418,614
Forest Laboratories, Inc. (I)	4,800		182,592
H. Lundbeck A/S (L)	7,929		146,261
Hisamitsu Pharmaceutical Company, Inc.	2,500		135,426
Jazz Pharmaceuticals PLC (I)	6,100		341,051
Johnson & Johnson	8,410		685,667
Merck & Company, Inc.	19,370		856,735
Mylan, Inc. (I)	24,100		697,454
Pfizer, Inc.	39,110		1,128,715
Salix Pharmaceuticals, Ltd. (I)	1,960		100,313
Shionogi & Company, Ltd.	10,300		208,627
The Medicines Company (I)	4,060		135,685
UCB SA	6,222		397,502

			8,450,787

			19,164,158
Industrials - 7.6%
Aerospace & Defense - 2.4%
DigitalGlobe, Inc. (I)	7,990		230,991
General Dynamics Corp.	6,380		449,854
Lockheed Martin Corp.	7,600		733,552
Moog, Inc., Class A (I)	3,210		147,114
Northrop Grumman Corp.	4,320		303,048
QinetiQ Group PLC	78,294		246,879
Raytheon Company	7,140		419,761
Rolls-Royce Holdings PLC (I)	37,800		649,541
Safran SA	13,614		608,339
Teledyne Technologies, Inc. (I)	1,600		125,504
Textron, Inc.	10,100		301,081
The Boeing Company	4,500		386,325

			4,601,989

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Core Allocation Plus Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Air Freight & Logistics - 0.1%
FedEx Corp.	2,360	$	231,752
Airlines - 0.5%
Southwest Airlines Company	29,220		393,886
Spirit Airlines, Inc. (I)	9,170		232,551
United Continental Holdings, Inc. (I)	11,800		377,718

			1,004,155
Building Products - 0.7%
Apogee Enterprises, Inc.	3,600		104,220
Armstrong World Industries, Inc. (I)	1,200		67,068
Assa Abloy AB, Series B	4,714		192,818
Cie de Saint-Gobain	8,860		328,828
Masco Corp.	28,500		577,125
Owens Corning, Inc. (I)	1,610		63,482

			1,333,541
Commercial Services & Supplies - 0.5%
ACCO Brands Corp. (I)(L)	30,200		201,736
Performant Financial Corp. (I)	9,460		116,169
Stericycle, Inc. (I)	4,660		494,799
Tyco International, Ltd.	2,100		67,200

			879,904
Construction & Engineering - 0.4%
Fluor Corp.	5,900		391,347
Vinci SA	7,723		348,310

			739,657
Electrical Equipment - 0.6%
Acuity Brands, Inc.	1,160		80,446
AMETEK, Inc.	5,200		225,472
Belden, Inc.	3,125		161,406
Emerson Electric Company	2,000		111,740
Hubbell, Inc., Class B	3,280		318,521
Polypore International, Inc. (I)(L)	3,800		152,684
Rockwell Automation, Inc.	2,100		181,335

			1,231,604
Industrial Conglomerates - 0.7%
3M Company	1,880		199,863
General Electric Company	23,930		553,262
Nava Bharat Ventures, Ltd.	80,178		243,892
Shanghai Industrial Holdings, Ltd.	75,000		235,344

			1,232,361
Machinery - 0.6%
Amada Company, Ltd.	17,000		112,886
Briggs & Stratton Corp. (L)	4,990		123,752
Flowserve Corp.	670		112,366
IHI Corp.	48,000		146,116
Illinois Tool Works, Inc.	1,400		85,316
Ingersoll-Rand PLC	3,900		214,539
Middleby Corp. (I)	420		63,903
Parker Hannifin Corp.	700		64,106
Vallourec SA	3,411		164,123

			1,087,107
Professional Services - 0.5%
Equifax, Inc.	2,800		161,252
Nielsen Holdings NV	4,800		171,936
On Assignment, Inc. (I)	4,400		111,364
The Dun & Bradstreet Corp. (L)	1,900		158,935
TrueBlue, Inc. (I)	3,400		71,876
WageWorks, Inc. (I)	7,460		186,724

			862,087


Core Allocation Plus Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Road & Rail - 0.4%
Avis Budget Group, Inc. (I)(L)	4,398	$	122,396
Hertz Global Holdings, Inc. (I)	10,960		243,970
Landstar System, Inc.	2,340		133,591
Localiza Rent a Car SA	2,700		48,502
Old Dominion Freight Line, Inc. (I)	4,635		177,057

			725,516
Trading Companies & Distributors - 0.2%
Applied Industrial Technologies, Inc.	2,310		103,950
DXP Enterprises, Inc. (I)	710		53,037
WESCO International, Inc. (I)(L)	2,476		179,782

			336,769

			14,266,442
Information Technology - 11.6%
Communications Equipment - 1.4%
Aruba Networks, Inc. (I)	3,320		82,137
Cisco Systems, Inc.	42,250		883,448
F5 Networks, Inc. (I)	540		48,103
Harris Corp.	5,400		250,236
Ixia (I)(L)	5,570		120,535
JDS Uniphase Corp. (I)	11,020		147,337
Juniper Networks, Inc. (I)	23,100		428,274
Palo Alto Networks, Inc. (I)	1,750		99,050
QUALCOMM, Inc.	9,500		636,025

			2,695,145
Computers & Peripherals - 1.4%
Apple, Inc.	3,540		1,566,879
EMC Corp. (I)	14,500		346,405
Hewlett-Packard Company	4,200		100,128
NetApp, Inc. (I)	4,810		164,310
Seagate Technology PLC	3,100		113,336
Toshiba Corp.	33,000		168,021
Western Digital Corp.	3,700		186,036

			2,645,115
Electronic Equipment, Instruments & Components - 0.2%
IPG Photonics Corp. (L)	900		59,769
Rogers Corp. (I)	2,440		116,193
WPG Holdings Company, Ltd.	151,000		171,536

			347,498
Internet Software & Services - 1.8%
Cornerstone OnDemand, Inc. (I)	2,150		73,315
CoStar Group, Inc. (I)	720		78,811
Daum Communications Corp. (I)	4,004		328,552
Dealertrack Technologies, Inc. (I)(L)	4,480		131,622
Dena Company, Ltd.	4,861		132,429
eBay, Inc. (I)	1,200		65,064
Google, Inc., Class A (I)	950		754,329
Gree, Inc. (L)	5,700		71,724
IAC/InterActiveCorp	2,770		123,764
LinkedIn Corp., Class A (I)	4,390		772,903
LivePerson, Inc. (I)	7,710		104,702
Sohu.com, Inc. (I)(L)	4,130		204,889
Trulia, Inc. (I)(L)	4,976		156,147
VeriSign, Inc. (I)(L)	1,800		85,104
Web.com Group, Inc. (I)(L)	10,100		172,508
Yahoo!, Inc. (I)	6,200		145,886

			3,401,749
IT Services - 1.3%
Accenture PLC, Class A	700		53,179
Amdocs, Ltd.	4,200		152,250

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Core Allocation Plus Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
IT Services (continued)
Cap Gemini SA	3,380	$	154,053
Cognizant Technology
Solutions Corp., Class A (I)	500		38,305
Computer Sciences Corp.	3,000		147,690
Heartland Payment Systems, Inc. (L)	2,980		98,251
IBM Corp.	3,400		725,220
Mastercard, Inc., Class A	890		481,606
NET One Systems Company, Ltd.	9,900		87,228
The Western Union Company	13,900		209,056
Virtusa Corp. (I)	1,340		31,838
WEX, Inc. (I)	1,470		115,395
WNS Holdings, Ltd., ADR (I)	7,440		109,666

			2,403,737
Semiconductors & Semiconductor Equipment - 1.1%
Cypress Semiconductor Corp. (I)	14,900		164,347
Intel Corp.	48,900		1,068,465
Lattice Semiconductor Corp. (I)	24,810		135,215
Maxim Integrated Products, Inc.	11,300		368,945
NXP Semiconductor NV (I)	6,300		190,638
Ultratech, Inc. (I)	2,490		98,430
Wolfson Microelectronics PLC (I)	43,987		118,284

			2,144,324
Software - 4.4%
Activision Blizzard, Inc.	28,200		410,874
Adobe Systems, Inc. (I)	12,500		543,875
Cadence Design Systems, Inc. (I)(L)	12,460		173,568
Changyou.com, Ltd., ADR (L)	2,760		79,736
Comverse, Inc. (I)	15,770		442,191
Concur Technologies, Inc. (I)(L)	2,240		153,798
Electronic Arts, Inc. (I)	20,330		359,841
Fair Isaac Corp.	3,590		164,027
FleetMatics Group PLC (I)	6,030		146,228
Imperva, Inc. (I)	4,500		173,250
Konami Corp.	3,600		71,978
MacDonald Dettwiler & Associates, Ltd.	2,200		150,514
MICROS Systems, Inc. (I)(L)	3,150		143,357
Microsoft Corp.	39,190		1,121,226
NetSuite, Inc. (I)(L)	2,100		168,126
Nintendo Company, Ltd.	1,960		212,103
Oracle Corp.	27,660		894,524
PTC, Inc. (I)	4,070		103,744
Salesforce.com, Inc. (I)	2,770		495,359
ServiceNow, Inc. (I)	9,915		358,923
SolarWinds, Inc. (I)	4,700		277,770
Solera Holdings, Inc.	2,880		167,990
Splunk, Inc. (I)	8,110		324,643
Symantec Corp. (I)	12,700		313,436
TIBCO Software, Inc. (I)	2,130		43,069
TiVo, Inc. (I)	7,400		91,686
Verint Systems, Inc. (I)	16,816		614,612

			8,200,448

			21,838,016
Materials - 2.3%
Chemicals - 0.7%
CF Industries Holdings, Inc.	1,480		281,748
Huabao International Holdings, Ltd.	472,000		204,529
LyondellBasell Industries NV, Class A	4,900		310,121
Methanex Corp.	4,880		198,274
NewMarket Corp. (L)	270		70,297
Shin-Etsu Chemical Company, Ltd.	2,400		159,267
The Sherwin-Williams Company	510		86,134


Core Allocation Plus Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Chemicals (continued)
Westlake Chemical Corp.	660	$	61,710

			1,372,080
Construction Materials - 0.6%
CRH PLC (London Exchange)	18,205		404,158
Headwaters, Inc. (I)	15,710		171,239
HeidelbergCement AG	3,833		275,602
Siam Cement PCL, NVDR	12,800		210,305

			1,061,304
Containers & Packaging - 0.5%
Crown Holdings, Inc. (I)	5,450		226,775
MeadWestvaco Corp.	5,400		196,020
Packaging Corp. of America	2,380		106,791
Smurfit Kappa Group PLC	23,931		395,876

			925,462
Metals & Mining - 0.2%
Alcoa, Inc.	11,700		99,684
Detour Gold Corp. (I)	4,100		78,824
Monnet Ispat & Energy, Ltd.	22,389		75,339
New Gold, Inc. (I)	5,500		50,050
Southern Copper Corp.	3,200		120,224

			424,121
Paper & Forest Products - 0.3%
International Paper Company	3,200		149,056
KapStone Paper and Packaging Corp.	7,630		212,114
Louisiana-Pacific Corp. (I)	6,380		137,808

			498,978

			4,281,945
Telecommunication Services - 0.6%
Diversified Telecommunication Services - 0.5%
AT&T, Inc.	7,350		269,672
Verizon Communications, Inc.	12,230		601,105
Windstream Corp.	4,400		34,980

			905,757
Wireless Telecommunication Services - 0.1%
Softbank Corp.	3,300		152,064
Sprint Nextel Corp. (I)	12,300		76,383

			228,447

			1,134,204
Utilities - 1.4%
Electric Utilities - 0.9%
Entergy Corp.	5,570		352,247
Exelon Corp.	4,300		148,264
Pinnacle West Capital Corp.	6,900		399,441
Xcel Energy, Inc.	24,500		727,650

			1,627,602
Gas Utilities - 0.1%
Infraestructura Energetica Nova
SAB de CV (I)	1,400		4,460
Snam SpA	31,020		141,519

			145,979
Independent Power Producers & Energy Traders - 0.1%
AES Corp.	4,100		51,537
NTPC, Ltd.	48,239		126,218

			177,755

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value


COMMON STOCKS (continued)
Multi-Utilities - 0.3%
Ameren Corp.		9,720	$	340,394
Public Service Enterprise Group, Inc.		9,770		335,502

				675,896

				2,627,232

TOTAL COMMON STOCKS (Cost $107,222,051)			$	120,389,931


PREFERRED SECURITIES - 0.1%
Financials - 0.1%
Citigroup Capital XIII (7.875% to 10/30/2015,
then 3 month LIBOR + 6.370%)		5,000		142,950

TOTAL PREFERRED SECURITIES (Cost $140,000)			$	142,950


U.S. GOVERNMENT & AGENCY
OBLIGATIONS - 10.6%
U.S. Government - 10.0%
U.S. Treasury Bonds
2.750%, 11/15/2042	$	220,000	$	204,359
3.000%, 05/15/2042		125,000		122,637
3.125%, 11/15/2041		1,200,000		1,209,563
3.875%, 08/15/2040		100,000		115,891
4.250%, 05/15/2039 (F)		675,000		830,988
4.375%, 02/15/2038 to 05/15/2041		418,500		525,209
4.625%, 02/15/2040		500,000		652,110
4.750%, 02/15/2041		674,400		897,162
5.375%, 02/15/2031		455,000		633,588
6.250%, 08/15/2023 (F)		100,000		141,641
U.S. Treasury Notes
0.250%, 06/30/2014		950,000		950,668
0.625%, 07/15/2014		675,000		678,665
0.750%, 12/15/2013 (D)		1,850,000		1,857,805
0.875%, 04/30/2017		4,575,000		4,630,760
1.625%, 11/15/2022		285,000		280,191
1.750%, 07/31/2015		1,405,000		1,452,748
2.000%, 04/30/2016		840,000		881,672
3.125%, 08/31/2013		970,000		981,974
4.000%, 02/15/2015		975,000		1,043,250
4.250%, 11/15/2014		800,000		852,062

				18,942,943
U.S. Government Agency - 0.6%
Federal Home Loan Mortgage Corp.
4.500%, 10/01/2038		40,698		43,528
Federal National Mortgage Association
4.520%, 04/01/2020		288,847		331,186
4.680%, 02/01/2020		289,028		333,851
Government National Mortgage Association
4.000%, 11/15/2040 to 09/15/2041		145,893		159,190
5.000%, 04/15/2036 to 04/15/2038		216,514		236,115

				1,103,870

TOTAL U.S. GOVERNMENT & AGENCY
OBLIGATIONS (Cost $19,565,147)			$	20,046,813


FOREIGN GOVERNMENT
OBLIGATIONS - 0.3%
Brazil - 0.2%
Federative Republic of Brazil
Zero Coupon 01/01/2015 (Z)		500,000		214,004
Bond2.625%, maturing at 01/05/2023		200,000		192,000

				406,004


Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value


FOREIGN GOVERNMENT
OBLIGATIONS (continued)
Chile - 0.1%
Republic of Chile
3.875%, 08/05/2020	$	150,000	$	165,525
Mexico - 0.0%
Government of Mexico
4.750%, 03/08/2044		74,000		76,775

TOTAL FOREIGN GOVERNMENT
OBLIGATIONS (Cost $657,544)			$	648,304


CORPORATE BONDS - 12.4%
Consumer Discretionary - 1.9%
AutoNation, Inc.
5.500%, 02/01/2020		16,000		17,360
Autozone, Inc.
4.000%, 11/15/2020		135,000		144,508
CBS Corp.
5.750%, 04/15/2020		90,000		106,025
8.875%, 05/15/2019		50,000		66,814
CCO Holdings LLC
5.750%, 09/01/2023 (S)		10,000		10,025
6.500%, 04/30/2021		15,000		15,863
6.625%, 01/31/2022		25,000		26,813
7.375%, 06/01/2020		40,000		44,350
Choice Hotels International, Inc.
5.750%, 07/01/2022		10,000		11,100
Comcast Cable Communications LLC
8.500%, 05/01/2027		50,000		70,882
Comcast Corp.
6.450%, 03/15/2037		150,000		190,561
COX Communications, Inc.
8.375%, 03/01/2039 (S)		130,000		192,854
Daimler Finance North America LLC
1.250%, 01/11/2016 (S)		185,000		185,649
DIRECTV Holdings LLC
1.750%, 01/15/2018		110,000		108,775
4.600%, 02/15/2021		50,000		54,469
Discovery Communications LLC
3.250%, 04/01/2023		20,000		20,307
DISH DBS Corp.
5.875%, 07/15/2022		35,000		36,706
6.750%, 06/01/2021		35,000		38,894
7.875%, 09/01/2019		16,000		18,960
Ford Motor Credit Company LLC
5.875%, 08/02/2021		200,000		228,924
6.625%, 08/15/2017		125,000		145,834
Historic TW, Inc.
6.625%, 05/15/2029		100,000		123,656
Home Depot, Inc.
5.875%, 12/16/2036		80,000		99,584
Lamar Media Corp.
5.875%, 02/01/2022		5,000		5,413
Liberty Interactive LLC
8.250%, 02/01/2030		20,000		22,000
Limited Brands, Inc.
5.625%, 02/15/2022		40,000		42,400
7.000%, 05/01/2020		10,000		11,600
NBCUniversal Enterprise, Inc.
1.974%, 04/15/2019 (S)		100,000		100,702
NBCUniversal Media LLC
5.150%, 04/30/2020		110,000		130,439
6.400%, 04/30/2040		40,000		50,796
Netflix, Inc.
5.375%, 02/01/2021 (S)		10,000		9,925

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Consumer Discretionary (continued)
News America, Inc.
6.150%, 02/15/2041	$	45,000	$	53,972
7.280%, 06/30/2028		140,000		177,917
7.850%, 03/01/2039		50,000		67,247
PVH Corp.
7.375%, 05/15/2020		20,000		22,300
Sally Holdings LLC
5.750%, 06/01/2022		10,000		10,438
Sotheby’s
5.250%, 10/01/2022 (S)		10,000		10,100
Tenneco, Inc.
6.875%, 12/15/2020		20,000		21,975
Time Warner Cable, Inc.
4.125%, 02/15/2021		75,000		80,545
4.500%, 09/15/2042		65,000		59,188
5.000%, 02/01/2020		90,000		102,464
5.875%, 11/15/2040		120,000		128,142
Time Warner, Inc.
7.625%, 04/15/2031		200,000		270,935
Viacom, Inc.
4.375%, 03/15/2043 (S)		141,000		130,496
Videotron, Ltd.
5.000%, 07/15/2022		21,000		21,315
Wynn Las Vegas LLC
7.750%, 08/15/2020		35,000		39,244

				3,528,466
Consumer Staples - 0.9%
Altria Group, Inc.
2.850%, 08/09/2022		75,000		73,786
9.700%, 11/10/2018		68,000		94,677
10.200%, 02/06/2039		25,000		42,134
Anheuser-Busch InBev Worldwide, Inc.
8.200%, 01/15/2039		50,000		80,542
Avon Products, Inc.
2.375%, 03/15/2016		10,000		10,130
5.000%, 03/15/2023		5,000		5,134
Cargill, Inc.
4.307%, 05/14/2021 (S)		100,000		110,333
Coca-Cola Enterprises, Inc.
2.125%, 09/15/2015		170,000		174,842
Coca-Cola Refreshments USA, Inc.
7.375%, 03/03/2014		1,000		1,060
Constellation Brands, Inc.
7.250%, 05/15/2017		45,000		51,778
CVS Caremark Corp.
2.750%, 12/01/2022		110,000		108,525
6.250%, 06/01/2027		65,000		83,221
General Mills, Inc.
5.250%, 08/15/2013		100,000		101,776
Heineken NV
2.750%, 04/01/2023 (S)		25,000		24,570
Imperial Tobacco Finance PLC
3.500%, 02/11/2023 (S)		225,000		227,158
Lorillard Tobacco Company
8.125%, 06/23/2019		21,000		26,730
Molson Coors Brewing Company
3.500%, 05/01/2022		25,000		26,027
Mondelez International, Inc.
6.875%, 01/26/2039		90,000		121,263
PepsiCo, Inc.
7.900%, 11/01/2018		114,000		151,852


Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Consumer Staples (continued)
Wal-Mart Stores, Inc.
6.200%, 04/15/2038	$	125,000	$	165,156

				1,680,694
Energy - 1.1%
Anadarko Petroleum Corp.
6.450%, 09/15/2036		150,000		184,628
ConocoPhillips
5.900%, 05/15/2038		245,000		306,191
CONSOL Energy, Inc.
8.000%, 04/01/2017		5,000		5,400
8.250%, 04/01/2020		10,000		11,075
Continental Resources, Inc.
5.000%, 09/15/2022		35,000		37,188
Denbury Resources, Inc.
4.625%, 07/15/2023		10,000		9,650
El Paso Corp.
6.500%, 09/15/2020		40,000		44,216
7.000%, 06/15/2017		35,000		40,045
Energy Transfer Equity LP
7.500%, 10/15/2020		45,000		51,863
Energy Transfer Partners LP
3.600%, 02/01/2023		105,000		104,565
EP Energy LLC
6.875%, 05/01/2019		10,000		10,950
Gazprom Neft OAO
4.375%, 09/19/2022 (S)		200,000		197,250
Harvest Operations Corp.
6.875%, 10/01/2017		30,000		33,525
Hornbeck Offshore Services, Inc.
5.875%, 04/01/2020		15,000		15,525
Kinder Morgan Energy Partners LP
6.850%, 02/15/2020		75,000		94,119
Kinder Morgan Finance Company LLC
6.000%, 01/15/2018 (S)		55,000		60,889
Newfield Exploration Company
5.625%, 07/01/2024		10,000		10,325
5.750%, 01/30/2022		10,000		10,700
6.875%, 02/01/2020		25,000		26,813
Nexen, Inc.
6.200%, 07/30/2019		100,000		124,867
Peabody Energy Corp.
6.500%, 09/15/2020		61,000		64,965
Petrobras International Finance Company
5.375%, 01/27/2021		200,000		215,923
6.750%, 01/27/2041		26,000		29,431
Petroleos Mexicanos
5.500%, 06/27/2044 (S)		135,000		139,253
Pioneer Natural Resources Company
6.650%, 03/15/2017		25,000		29,347
6.875%, 05/01/2018		25,000		30,471
Range Resources Corp.
5.750%, 06/01/2021		5,000		5,363
6.750%, 08/01/2020		20,000		22,000
Transocean, Inc.
2.500%, 10/15/2017		40,000		40,523
4.950%, 11/15/2015		100,000		108,199

				2,065,259
Financials - 5.3%
American Express Company
7.000%, 03/19/2018		170,000		212,369
American International Group, Inc.
2.375%, 08/24/2015		55,000		56,419

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
American International Group, Inc. (continued)
4.875%, 06/01/2022	$	70,000	$	79,244
5.450%, 05/18/2017		100,000		114,596
Bank of America Corp.
2.000%, 01/11/2018		80,000		79,656
5.000%, 05/13/2021		100,000		112,159
5.625%, 07/01/2020		115,000		134,275
5.750%, 12/01/2017		85,000		98,357
5.875%, 01/05/2021		100,000		118,163
7.625%, 06/01/2019		125,000		158,866
Barclays Bank PLC
6.050%, 12/04/2017 (S)		200,000		223,014
BNP Paribas SA
2.375%, 09/14/2017		200,000		203,047
Brandywine Operating Partnership LP
4.950%, 04/15/2018		75,000		82,724
7.500%, 05/15/2015		100,000		112,014
Capital One Financial Corp.
6.150%, 09/01/2016		175,000		201,195
CBRE Services, Inc.
5.000%, 03/15/2023		5,000		5,056
CIT Group, Inc.
5.250%, 03/15/2018		31,000		33,480
5.500%, 02/15/2019 (S)		25,000		27,438
Citigroup, Inc.
2.250%, 08/07/2015		100,000		102,359
4.050%, 07/30/2022		110,000		113,712
6.125%, 11/21/2017 to 08/25/2036		480,000		563,491
6.875%, 03/05/2038		15,000		19,709
8.500%, 05/22/2019		60,000		79,975
Credit Acceptance Corp.
9.125%, 02/01/2017		25,000		27,188
Discover Financial Services
6.450%, 06/12/2017		100,000		117,210
Duke Realty Lp
3.625%, 04/15/2023		50,000		50,101
DuPont Fabros Technology LP
8.500%, 12/15/2017		30,000		32,250
Equity One, Inc.
6.000%, 09/15/2017		50,000		56,998
ERP Operating LP
5.250%, 09/15/2014		100,000		106,483
General Electric Capital Corp.
4.650%, 10/17/2021		310,000		347,284
5.875%, 01/14/2038		130,000		151,810
6.750%, 03/15/2032		90,000		114,707
General Electric Capital Corp., (6.250% to
12/15/2022, then 3 month LIBOR + 4.704%)
12/15/2022 (Q)		100,000		109,842
Hartford Financial Services Group, Inc.,
(8.125% to 06/15/2018, then 3 month
LIBOR + 4.6025%)
06/15/2038		30,000		35,588
HCP, Inc.
3.750%, 02/01/2019		30,000		32,355
5.650%, 12/15/2013		100,000		103,452
6.000%, 01/30/2017		35,000		40,529
Health Care REIT, Inc.
2.250%, 03/15/2018		20,000		20,191
4.125%, 04/01/2019		5,000		5,423
5.250%, 01/15/2022		125,000		141,109
Host Hotels & Resorts LP
6.000%, 11/01/2020		30,000		33,225


Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
HSBC Holdings PLC
5.100%, 04/05/2021	$	245,000	$	283,261
6.800%, 06/01/2038		100,000		128,001
HSBC USA, Inc.
1.625%, 01/16/2018		145,000		144,932
ING US, Inc.
5.500%, 07/15/2022 (S)		15,000		16,607
International Lease Finance Corp.
5.650%, 06/01/2014		30,000		31,313
5.750%, 05/15/2016		60,000		64,806
7.125%, 09/01/2018 (S)		50,000		58,750
JPMorgan Chase & Company
4.350%, 08/15/2021		160,000		176,620
6.000%, 01/15/2018		200,000		237,771
6.400%, 05/15/2038		150,000		192,639
Kimco Realty Corp.
6.875%, 10/01/2019		100,000		126,797
Liberty Property LP
3.375%, 06/15/2023		30,000		29,807
4.125%, 06/15/2022		25,000		26,448
Massachusetts Mutual Life Insurance
Company
8.875%, 06/01/2039 (S)		100,000		154,804
Merrill Lynch & Company, Inc.
6.400%, 08/28/2017		55,000		64,578
7.750%, 05/14/2038		200,000		266,932
Metropolitan Life Global Funding I
3.125%, 01/11/2016 (S)		325,000		343,824
5.125%, 04/10/2013 (S)		25,000		25,024
Morgan Stanley
3.750%, 02/25/2023		50,000		50,577
4.875%, 11/01/2022		105,000		111,389
5.500%, 07/24/2020		100,000		115,230
5.550%, 04/27/2017		100,000		113,108
6.375%, 07/24/2042		55,000		66,186
6.625%, 04/01/2018		250,000		298,980
Nationwide Mutual Insurance Company
9.375%, 08/15/2039 (S)		105,000		152,194
PNC Funding Corp.
5.625%, 02/01/2017		100,000		114,264
ProLogis LP
6.125%, 12/01/2016		100,000		115,059
Provident Funding Associates LP
10.250%, 04/15/2017 (S)		25,000		27,875
Realty Income Corp.
3.250%, 10/15/2022		20,000		19,597
6.750%, 08/15/2019		100,000		123,772
Royal Bank of Scotland Group PLC
2.550%, 09/18/2015		75,000		77,084
6.125%, 12/15/2022		40,000		41,399
SLM Corp.
4.625%, 09/25/2017		175,000		181,855
6.000%, 01/25/2017		20,000		21,750
8.450%, 06/15/2018		35,000		41,475
SunTrust Banks, Inc.
3.600%, 04/15/2016		100,000		107,094
Swiss Re Treasury U.S. Corp.
2.875%, 12/06/2022 (S)		20,000		19,958
The Bear Stearns Companies LLC
6.400%, 10/02/2017		115,000		137,343
The Goldman Sachs Group, Inc.
5.250%, 07/27/2021		155,000		175,734
5.750%, 01/24/2022		150,000		174,519

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
The Goldman Sachs Group, Inc. (continued)
6.150%, 04/01/2018	$	45,000	$	53,050
6.750%, 10/01/2037		230,000		258,093
7.500%, 02/15/2019		60,000		75,101
Ventas Realty LP
2.000%, 02/15/2018		40,000		40,245
2.700%, 04/01/2020		55,000		55,227
4.750%, 06/01/2021		75,000		83,400
Wachovia Corp.
5.750%, 06/15/2017		155,000		182,232
Wells Fargo & Company
3.450%, 02/13/2023		50,000		50,374
3.676%, 06/15/2016		100,000		108,141

				10,022,282
Health Care - 0.7%
AbbVie, Inc.
1.750%, 11/06/2017 (S)		105,000		106,324
2.000%, 11/06/2018 (S)		105,000		106,308
2.900%, 11/06/2022 (S)		45,000		45,074
AmerisourceBergen Corp.
5.875%, 09/15/2015		50,000		55,993
Amgen, Inc.
5.150%, 11/15/2041		15,000		16,122
6.900%, 06/01/2038		130,000		171,956
Community Health Systems, Inc.
5.125%, 08/15/2018		40,000		41,900
Express Scripts Holding Company
2.100%, 02/12/2015		275,000		280,933
Fresenius US Finance II, Inc.
9.000%, 07/15/2015 (S)		15,000		17,175
HCA, Inc.
4.750%, 05/01/2023		20,000		19,900
6.500%, 02/15/2020		40,000		45,125
8.500%, 04/15/2019		25,000		27,594
Pfizer, Inc.
7.200%, 03/15/2039		50,000		73,578
Roche Holdings, Inc.
6.000%, 03/01/2019 (S)		125,000		155,542
WellPoint, Inc.
4.650%, 01/15/2043		105,000		105,157
7.000%, 02/15/2019		30,000		37,537
Zoetis, Inc.
3.250%, 02/01/2023 (S)		25,000		25,371

				1,331,589
Industrials - 0.6%
Air Lease Corp.
4.750%, 03/01/2020		25,000		25,625
BE Aerospace, Inc.
5.250%, 04/01/2022		35,000		36,094
Bombardier, Inc.
7.500%, 03/15/2018 (S)		20,000		22,825
Case New Holland, Inc.
7.875%, 12/01/2017		80,000		93,600
Clean Harbors, Inc.
5.250%, 08/01/2020		10,000		10,325
Continental Airlines 1997-4 Class A Pass
Through Trust
6.900%, 01/02/2018		35,068		38,049
Continental Airlines 1998-1 Class A Pass
Through Trust
6.648%, 09/15/2017		31,086		33,184


Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Industrials (continued)
Continental Airlines 2012-2 Class A Pass
Through Trust
4.000%, 10/29/2024	$	85,000	$	88,400
Crown Americas LLC
6.250%, 02/01/2021		10,000		10,925
Deluxe Corp.
6.000%, 11/15/2020 (S)		10,000		10,250
7.000%, 03/15/2019		5,000		5,425
ERAC USA Finance LLC
6.375%, 10/15/2017 (S)		100,000		120,338
Esterline Technologies Corp.
7.000%, 08/01/2020		5,000		5,519
Huntington Ingalls Industries, Inc.
7.125%, 03/15/2021		30,000		32,625
Hutchison Whampoa International 12 II, Ltd.
2.000%, 11/08/2017 (S)		250,000		252,140
Masco Corp.
6.500%, 08/15/2032		15,000		15,299
7.125%, 03/15/2020		35,000		40,880
Penske Truck Leasing Company LP
2.875%, 07/17/2018 (S)		120,000		122,423
Textron, Inc.
7.250%, 10/01/2019		50,000		60,579
US Airways 2010-1 Class A Pass
Through Trust
6.250%, 04/22/2023		13,547		15,038
Waste Management, Inc.
6.375%, 03/11/2015		45,000		49,710

				1,089,253
Information Technology - 0.3%
Audatex North America, Inc.
6.750%, 06/15/2018 (S)		10,000		10,725
Brocade Communications Systems, Inc.
4.625%, 01/15/2023 (S)		5,000		4,838
Equinix, Inc.
5.375%, 04/01/2023		10,000		10,125
8.125%, 03/01/2018		20,000		22,100
Fidelity National Information Services, Inc.
5.000%, 03/15/2022		35,000		37,144
Flextronics International, Ltd.
5.000%, 02/15/2023 (S)		5,000		4,988
Hewlett-Packard Company
2.600%, 09/15/2017		125,000		126,022
2.650%, 06/01/2016		40,000		40,803
4.750%, 06/02/2014		46,000		48,048
Hughes Satellite Systems Corp.
6.500%, 06/15/2019		15,000		16,463
IAC/InterActiveCorp.
4.750%, 12/15/2022 (S)		10,000		9,775
Jabil Circuit, Inc.
5.625%, 12/15/2020		5,000		5,300
NCR Corp.
4.625%, 02/15/2021 (S)		20,000		19,900
Seagate HDD Cayman
6.875%, 05/01/2020		55,000		59,125
TSMC Global Ltd.
1.625%, 04/03/2018 (S)		200,000		199,866

				615,222
Materials - 0.3%
Agrium, Inc.
7.125%, 05/23/2036		50,000		61,933

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Materials (continued)
Ashland, Inc.
4.750%, 08/15/2022 (S)	$	5,000	$	5,088
Ball Corp.
5.000%, 03/15/2022		10,000		10,400
6.750%, 09/15/2020		30,000		33,075
CF Industries, Inc.
7.125%, 05/01/2020		15,000		18,595
Clearwater Paper Corp.
7.125%, 11/01/2018		5,000		5,438
FMG Resources August 2006 Pty, Ltd.
6.000%, 04/01/2017 (S)		15,000		15,413
Freeport-McMoRan Copper & Gold, Inc.
3.875%, 03/15/2023 (S)		155,000		155,561
Owens-Brockway Glass Container, Inc.
7.375%, 05/15/2016		45,000		51,750
PH Glatfelter Company
5.375%, 10/15/2020		6,000		6,285
Rio Tinto Finance USA, Ltd.
6.500%, 07/15/2018		75,000		92,105
Rock-Tenn Company
4.000%, 03/01/2023		15,000		15,270
Silgan Holdings, Inc.
5.000%, 04/01/2020		40,000		41,100
The Dow Chemical Company
4.250%, 11/15/2020		95,000		104,387
5.900%, 02/15/2015		50,000		54,650

				671,050
Telecommunication Services - 0.6%
AT&T, Inc.
6.300%, 01/15/2038		160,000		192,213
Deutsche Telekom International Finance BV
8.750%, 06/15/2030		50,000		70,881
eAccess, Ltd.
8.250%, 04/01/2018 (S)		5,000		5,538
Frontier Communications Corp.
7.125%, 03/15/2019		10,000		10,800
8.250%, 04/15/2017		10,000		11,700
SBA Tower Trust
2.933%, 12/15/2017 (S)		75,000		78,360
Sprint Nextel Corp.
7.000%, 03/01/2020 (S)		15,000		17,475
9.000%, 11/15/2018 (S)		15,000		18,544
Telecom Italia Capital SA
5.250%, 11/15/2013		50,000		51,043
Telefonica Emisiones SAU
3.992%, 02/16/2016		50,000		52,121
Verizon Communications, Inc.
2.450%, 11/01/2022		60,000		56,789
8.750%, 11/01/2018		185,000		248,909
Verizon Wireless Capital LLC
5.550%, 02/01/2014		115,000		119,499
Vivendi SA
2.400%, 04/10/2015 (S)		50,000		50,986
Windstream Corp.
7.875%, 11/01/2017		60,000		68,550

				1,053,408
Utilities - 0.7%
AmeriGas Finance LLC
6.750%, 05/20/2020		25,000		27,188
AmeriGas Partners LP
6.500%, 05/20/2021		15,000		15,975


Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Utilities (continued)
Calpine Corp.
7.500%, 02/15/2021	$	17,227	$	18,907
Carolina Power & Light Company
5.300%, 01/15/2019		55,000		66,180
CenterPoint Energy, Inc.
6.500%, 05/01/2018		50,000		61,096
Commonwealth Edison Company
5.950%, 08/15/2016		100,000		116,198
Dominion Resources, Inc.
6.400%, 06/15/2018		50,000		61,801
7.000%, 06/15/2038		25,000		34,746
DPL, Inc.
7.250%, 10/15/2021		40,000		42,400
Duke Energy Corp.
5.650%, 06/15/2013		50,000		50,513
Edison International
3.750%, 09/15/2017		50,000		54,498
Ferrellgas LP
6.500%, 05/01/2021		16,000		16,520
FirstEnergy Corp.
7.375%, 11/15/2031		100,000		117,286
Ipalco Enterprises, Inc.
7.250%, 04/01/2016 (S)		5,000		5,613
NiSource Finance Corp.
6.400%, 03/15/2018		50,000		60,070
Oncor Electric Delivery Company LLC
7.500%, 09/01/2038		50,000		69,985
Progress Energy, Inc.
7.000%, 10/30/2031		50,000		65,106
Puget Sound Energy, Inc.
5.757%, 10/01/2039		100,000		126,834
Sempra Energy
6.500%, 06/01/2016		115,000		134,040
Southern California Edison Company
6.000%, 01/15/2034		100,000		129,391
The AES Corp.
8.000%, 06/01/2020		20,000		23,700

				1,298,047

TOTAL CORPORATE BONDS (Cost $21,625,902)			$	23,355,270


CONVERTIBLE BONDS - 0.0%
Energy - 0.0%
Chesapeake Energy Corp.
2.500%, 05/15/2037	$	22,000	$	21,079

TOTAL CONVERTIBLE BONDS (Cost $20,207)			$	21,079


CAPITAL PREFERRED SECURITIES - 0.1%
Financials - 0.1%
ACE Capital Trust II
9.700%, 04/01/2030		75,000		109,125

TOTAL CAPITAL PREFERRED SECURITIES (Cost $83,614)			$	109,125

Municipal Bonds - 0.9%
Bay Area Toll Authority (California)
6.263%, 04/01/2049		50,000		68,097
Illinois State Toll Highway Authority
6.184%, 01/01/2034		95,000		120,471
Los Angeles Unified School District
(California)
5.750%, 07/01/2034		150,000		183,905
Maryland State Transportation Authority
5.888%, 07/01/2043		40,000		52,670

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value


CAPITAL PREFERRED SECURITIES (continued)
Municipal Bonds (continued)
New Jersey State Turnpike Authority
7.414%, 01/01/2040	$	100,000	$	146,082
New York State Thruway Authority
5.883%, 04/01/2030		185,000		230,297
Port Authority of New York & New Jersey
6.040%, 12/01/2029		45,000		58,475
State of California
7.600%, 11/01/2040		30,000		43,799
7.550%, 04/01/2039		100,000		144,480
7.300%, 10/01/2039		175,000		243,889
State of Illinois, GO
5.665%, 03/01/2018		115,000		131,490
University of California
5.770%, 05/15/2043		85,000		102,623
University of Missouri
5.960%, 11/01/2039		110,000		142,606

TOTAL MUNICIPAL BONDS (Cost $1,300,725)			$	1,668,884


COLLATERALIZED MORTGAGE
OBLIGATIONS - 1.9%
Commercial & Residential - 1.9%
Alternative Loan Trust, Series 2005-56,
Class 5A1 0.524%, 11/25/2035 (P)		18,644		14,077
Banc of America Merrill Lynch Commercial
Mortgage, Inc., Series 2007-4, Class A4
5.936%, 02/10/2051 (P)		140,000		162,396
Bear Stearns Commercial Mortgage Securities
Series 2005-10, Class 11A1,
0.704%, 01/25/2036 (P)		34,827		22,346
Series 2006-PW14, Class A4,
5.201%, 12/11/2038		215,000		242,072
Series 2007-T26, Class A4,
5.471%, 01/12/2045 (P)		30,000		34,545
Series 2006-PW11, Class A4,
5.618%, 03/11/2039 (P)		225,000		250,607
Series 2007-PW16, Class A4,
5.905%, 06/11/2040 (P)		140,000		163,117
Citigroup/Deutsche Bank
Commercial Mortgage Trust
Series 2007-CD4, Class A4,
5.322%, 12/11/2049		85,000		96,636
Series 2007-CD4, Class AJ,
5.398%, 12/11/2049 (P)		50,000		30,414
Commercial Mortgage Loan Trust,
Series 2008-LS1, Class A4B
6.206%, 12/10/2049 (P)		80,000		93,545
Commercial Mortgage Pass
Through Certificates
Series 2013-WWP, Class A2,
3.424%, 03/10/2031 (S)		135,000		138,375
Series 2012-CR3, Class F,
4.750%, 11/15/2045 (P)(S)		35,000		28,209
Series 2006-C7, Class A4,
5.940%, 06/10/2046 (P)		60,000		67,489
Credit Suisse Mortgage Capital Certificates,
Series 2006-C4, Class A3
5.467%, 09/15/2039		88,709		99,393
Greenwich Capital Commercial
Funding Corp., Series 2004-GG1, Class A7
5.317%, 06/10/2036 (P)		67,999		69,907
GS Mortgage Securities Corp. II
Series 2012-BWTR, Class A,
2.954%, 11/05/2034 (S)		130,000		129,638


Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial & Residential (continued)
GS Mortgage Securities Corp. II (continued)
Series 2012-ALOH, Class A,
3.551%, 04/10/2034 (S)	$	140,000	$	147,330
Series 2012-GCJ9, Class D,
5.020%, 11/10/2045 (P)(S)		45,000		42,731
Series 2005-ROCK, Class A,
5.366%, 05/03/2032 (S)		30,000		36,369
GS Mortgage Securities Corp. Trust,
Series 2012-SHOP, Class A
2.933%, 06/05/2031 (S)		105,000		109,716
Harborview Mortgage Loan Trust
Series 2006-12, Class 2A2A,
0.393%, 01/19/2038 (P)		21,651		17,194
Series 2005-8, Class 1A2A,
0.533%, 09/19/2035 (P)		16,979		13,139
Indymac Indx Mortgage Loan Trust,
Series 2006-AR8, Class A4A
0.604%, 07/25/2046 (P)		27,605		12,380
JPMorgan Chase Commercial
Mortgage Securities Corp.
Series 2012-LC9, Class A5,
2.840%, 12/15/2047		120,000		120,425
Series 2012-WLDN, Class A,
3.905%, 05/05/2030 (S)		125,000		133,502
LB-UBS Commercial Mortgage Trust
Series 2007-C2, Class A3,
5.430%, 02/15/2040		135,000		152,156
Series 2006-C4, Class A4,
6.062%, 06/15/2038 (P)		140,000		158,807
Morgan Stanley Capital I
Series 2011-C2, Class A4,
4.661%, 06/15/2044 (S)		100,000		115,705
Series 2011, Class C10,
5.033%, 09/15/2047 (P)(S)		100,000		118,360
Morgan Stanley Capital I Trust,
Series 2008-T29, Class A4
6.452%, 01/11/2043 (P)		35,000		42,249
OBP Depositor LLC Trust, Series 2010-OBP,
Class A 4.646%, 07/15/2045 (S)		100,000		115,171
RALI Series Trust, Series 2007-QH9, Class A1
2.994%, 11/25/2037 (P)		65,431		34,353
Residential Asset Securitization Trust,
Series 2005-A2, Class A2
0.654%, 03/25/2035 (P)		14,897		11,439
Structured Asset Mortgage
Investments II Trust, Series 2006-AR5,
Class 4A1 0.424%, 05/25/2046 (P)		17,830		9,823
UBS-Barclays Commercial Mortgage Trust
Series 2013-C5, Class A4,
3.185%, 03/10/2046		140,000		143,706
Series 2012-C2, Class A4,
3.525%, 05/10/2063		150,000		158,607
Series 2012-C3, Class E,
5.000%, 08/10/2049 (P)(S)		60,000		48,477
WF-RBS Commercial Mortgage Trust
Series 2012-C10, Class A3,
2.875%, 12/15/2045		25,000		25,200
Series 2013-C11, Class E,
4.325%, 03/15/2045 (P)(S)		100,000		76,110
Series 2011-C2, Series A4,
4.869%, 02/15/2044 (P)(S)		90,000		104,708

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial & Residential (continued)
WF-RBS Commercial
Mortgage Trust (continued)
Series 2011-C4, Class F,
5.000%, 06/15/2044 (P)(S)	$	35,000	$	29,595

TOTAL COLLATERALIZED MORTGAGE
OBLIGATIONS (Cost $3,557,532)			$	3,620,018


ASSET BACKED SECURITIES - 0.7%
Ally Master Owner Trust, Series 2010-3,
Class B 3.470%, 04/15/2015 (S)		125,000		125,103
CAL Funding II, Ltd., Series 2012-1A,
Class A 3.470%, 10/25/2027 (S)		23,958		24,328
CenterPoint Energy Transition Bond
Company LLC, Series 2005-A, Class A
5.170%, 08/01/2019		28,000		31,365
First Investors Auto Owner Trust,
Series 2012-1A, Class A2
1.960%, 11/15/2017 (S)		61,518		62,107
Ford Credit Auto Lease Trust, Series 2012-A,
Class B 1.610%, 10/15/2016 (S)		175,000		176,301
GSAA Home Equity Trust
Series 2006-20, Class 2A1A,
0.254%, 12/25/2046 (P)		82,127		50,225
Series 2006-11, Class 2A2,
0.364%, 07/25/2036 (P)		74,981		37,615
Series 2007-3, Class 1A2,
0.374%, 03/25/2047 (P)		124,988		60,465
GSAMP Trust
Series 2007-FM2, Class A2B,
0.294%, 01/25/2037 (P)		123,137		66,197
Series 2007-NC1, Class A2D,
0.434%, 12/25/2046 (P)		119,513		64,236
Hertz Vehicle Financing LLC, Series 2010-1A,
Class A2 3.740%, 02/25/2017 (S)		150,000		161,028
Santander Drive Auto Receivables Trust
Series 2012-5, Class B,
1.560%, 08/15/2018		80,000		80,781
Series 2011-1, Class B,
2.350%, 11/16/2015		185,000		187,564
Series 2010-2, Class C,
3.890%, 07/17/2017		70,000		72,205
SNAAC Auto Receivables Trust,
Series 2012-1A, Class A
1.780%, 06/15/2016 (S)		20,781		20,901
Volvo Financial Equipment LLC,
Series 2012-1A, Class B
1.510%, 08/15/2017 (S)		35,000		35,320

TOTAL ASSET BACKED SECURITIES (Cost $1,207,071)			$	1,255,741


INVESTMENT COMPANIES - 0.1%
Financials - 0.1%
iShares Russell 2000 Growth Index Fund (L)		1,640	$	176,710
SPDR S&P 500 ETF Trust		595		93,147

				269,857

TOTAL INVESTMENT COMPANIES (Cost $264,052)			$	269,857


Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value


SECURITIES LENDING COLLATERAL - 4.2%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		780,953		7,816,329

TOTAL SECURITIES LENDING
COLLATERAL (Cost $7,816,281)			$	7,816,329


SHORT-TERM INVESTMENTS - 9.1%
Repurchase Agreement - 9.1%
Bank of America Tri-Party Repurchase
Agreement dated 03/28/2013 at 0.190% to
be repurchased at $17,100,361 on
04/01/2013, collateralized by $17,448,400
U.S. Treasury Notes, 0.250% due
07/15/2015 (valued at $17,442,070,
including interest)	$	17,100,000	$	17,100,000

TOTAL SHORT-TERM INVESTMENTS (Cost $17,100,000)			$	17,100,000

Total Investments (Core Allocation Plus Trust)
(Cost $180,560,126) - 104.4%			$	196,444,301
Other assets and liabilities, net - (4.4%)				(8,274,895)

TOTAL NET ASSETS - 100.0%			$	188,169,406




Core Bond Trust
		Shares or
		Principal
		Amount		Value



U.S. GOVERNMENT & AGENCY
OBLIGATIONS - 53.2%
U.S. Government - 19.5%
U.S. Treasury Bonds
2.750%, 11/15/2042	$	6,877,000	$	6,388,087
3.125%, 11/15/2041 to 02/15/2043		4,503,000		4,528,516
4.375%, 05/15/2041		4,159,000		5,227,343
4.500%, 05/15/2038		7,823,000		9,981,663
U.S. Treasury Notes
0.125%, 12/31/2014		3,738,000		3,731,574
0.250%, 04/30/2014 to 10/15/2015		173,574,000		173,594,048
0.375%, 04/15/2015 to 03/15/2016		77,398,000		77,532,825
0.750%, 02/28/2018		18,090,000		18,094,233
1.250%, 03/15/2014		4,641,000		4,688,677
1.375%, 11/30/2015		11,428,000		11,744,944
1.750%, 03/31/2014		12,481,000		12,676,016
2.000%, 02/15/2023		2,297,000		2,327,867
2.750%, 11/30/2016		14,978,000		16,204,324

				346,720,117
U.S. Government Agency - 33.7%
Federal Home Loan Mortgage Corp.
2.500%, TBA (C)		30,300,000		30,864,543
3.000%, TBA (C)		80,000,000		81,879,233
3.000%, 07/01/2032 to 04/15/2043		22,555,309		23,184,235
3.500%, TBA (C)		8,900,000		9,343,957
3.500%, 08/01/2032 to 05/15/2043		25,790,923		27,407,412
4.000%, 04/01/2042 to 04/01/2043		54,106,115		58,957,086
4.500%, 09/01/2042		1,714,262		1,912,741
5.000%, 08/01/2039 to 04/01/2042		25,473,572		28,316,338
5.500%, 07/01/2038		4,569,389		4,987,061
6.000%, 03/01/2034 to 03/01/2036		3,127,084		3,511,619
Federal National Mortgage Association
3.000%, 02/01/2033 to 04/01/2043		112,371,787		115,651,179
3.500%, 08/01/2032 to 04/01/2043		50,819,446		54,097,436
4.000%, 07/01/2042 to 04/01/2043		39,582,077		43,164,565

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


U.S. GOVERNMENT & AGENCY
OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage
Association (continued)
5.000%, 03/01/2041 to 09/01/2041	$	41,351,784	$	46,739,373
5.500%, 09/01/2034 to 04/01/2040		5,379,885		6,047,859
6.000%, 03/01/2034 to 07/01/2037		30,622,715		34,379,116
6.500%, 10/01/2036		2,348,305		2,619,606
Government National Mortgage Association
3.000%, TBA (C)		17,300,000		18,077,650
6.000%, 01/15/2040		6,564,328		7,399,229

				598,540,238

TOTAL U.S. GOVERNMENT & AGENCY
OBLIGATIONS (Cost $942,094,495)			$	945,260,355


FOREIGN GOVERNMENT
OBLIGATIONS - 1.2%
Canada - 0.3%
Province of Quebec, Canada
2.625%, 02/13/2023		4,270,000		4,292,554
Colombia - 0.1%
Republic of Colombia
2.625%, 03/15/2023		1,610,000		1,545,600
Mexico - 0.2%
Government of Mexico
5.750%, 10/12/2110		3,847,000		4,220,159
Slovakia - 0.3%
Government of Slovakia, Bond
4.375%, 05/21/2022 (S)		4,970,000		5,244,245
Slovenia - 0.1%
Government of Slovenia
5.500%, 10/26/2022 (S)		2,504,000		2,397,580
Spain - 0.2%
Government of Spain
4.000%, 03/06/2018 (S)		2,715,000		2,689,479

TOTAL FOREIGN GOVERNMENT
OBLIGATIONS (Cost $20,259,352)			$	20,389,617


CORPORATE BONDS - 23.5%
Consumer Discretionary - 2.2%
Daimler Finance North America LLC
1.300%, 07/31/2015 (S)		4,230,000		4,258,490
1.875%, 09/15/2014 (S)		4,290,000		4,352,853
DIRECTV Holdings LLC 3.800%, 03/15/2022		1,305,000		1,334,841
Discovery Communications LLC
4.875%, 04/01/2043		1,965,000		2,013,846
Eaton Corp.
0.950%, 11/02/2015 (S)		2,385,000		2,396,190
2.750%, 11/02/2022 (S)		1,940,000		1,930,263
4.000%, 11/02/2032 (S)		675,000		675,077
Ford Motor Credit Company LLC
2.750%, 05/15/2015		1,895,000		1,934,348
5.875%, 08/02/2021		6,167,000		7,058,878
LVMH Moet Hennessy Louis Vuitton SA
1.625%, 06/29/2017 (S)		3,085,000		3,121,730
Mohawk Industries, Inc. 3.850%, 02/01/2023		2,060,000		2,095,704
NBCUniversal Enterprise, Inc.
1.974%, 04/15/2019 (S)		1,895,000		1,908,309
NBCUniversal Media LLC
4.450%, 01/15/2043		1,485,000		1,468,227
Omnicom Group, Inc. 3.625%, 05/01/2022		750,000		767,196


Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Consumer Discretionary (continued)
Pearson Funding Four PLC
3.750%, 05/08/2022 (S)	$	1,104,000	$	1,153,342
Time Warner Cable, Inc.
4.000%, 09/01/2021		865,000		923,554
4.500%, 09/15/2042		1,385,000		1,261,157
WPP Finance 2010 5.125%, 09/07/2042		417,000		411,122

				39,065,127
Consumer Staples - 1.5%
Anheuser-Busch InBev Worldwide, Inc.
1.375%, 07/15/2017		3,540,000		3,570,957
7.750%, 01/15/2019		1,285,000		1,689,455
Avon Products, Inc.
4.600%, 03/15/2020		645,000		670,525
5.000%, 03/15/2023		645,000		662,281
ConAgra Foods, Inc.
1.300%, 01/25/2016		1,425,000		1,436,380
1.900%, 01/25/2018		1,045,000		1,055,815
3.200%, 01/25/2023		1,726,000		1,721,623
Kraft Foods Group, Inc. 6.500%, 02/09/2040		1,830,000		2,349,694
PepsiCo, Inc. 1.250%, 08/13/2017		3,379,000		3,391,164
Pernod-Ricard SA
4.250%, 07/15/2022 (S)		1,910,000		2,069,896
5.750%, 04/07/2021 (S)		803,000		954,809
Philip Morris International, Inc.
2.625%, 03/06/2023		1,470,000		1,446,568
4.125%, 03/04/2043		1,215,000		1,175,585
The Coca-Cola Company 1.150%, 04/01/2018		1,140,000		1,141,928
Tyson Foods, Inc. 4.500%, 06/15/2022		2,425,000		2,638,703
Wal-Mart Stores, Inc. 5.625%, 04/15/2041		1,030,000		1,290,489

				27,265,872
Energy - 2.9%
Apache Corp. 4.250%, 01/15/2044		641,000		609,340
BP Capital Markets PLC 2.500%, 11/06/2022		1,690,000		1,646,197
Canadian Oil Sands, Ltd.
4.500%, 04/01/2022 (S)		1,131,000		1,220,343
6.000%, 04/01/2042 (S)		1,961,000		2,236,795
DCP Midstream Operating LP
2.500%, 12/01/2017		2,965,000		3,011,405
3.875%, 03/15/2023		1,725,000		1,735,605
4.950%, 04/01/2022		2,531,000		2,765,107
El Paso Pipeline Partners Operating
Company LLC 4.100%, 11/15/2015		2,045,000		2,194,776
Energen Corp. 4.625%, 09/01/2021		2,125,000		2,191,408
Energy Transfer Partners LP
3.600%, 02/01/2023		1,425,000		1,419,093
5.150%, 02/01/2043		515,000		508,072
6.500%, 02/01/2042		329,000		376,495
Enterprise Products Operating LLC
4.850%, 03/15/2044		980,000		1,002,215
Husky Energy, Inc. 7.250%, 12/15/2019		667,000		859,632
Kerr-McGee Corp. 6.950%, 07/01/2024		2,865,000		3,591,521
Kinder Morgan Energy Partners LP
5.000%, 08/15/2042 to 03/01/2043		2,036,000		2,070,396
Marathon Petroleum Corp.
6.500%, 03/01/2041		919,000		1,144,444
Murphy Oil Corp. 3.700%, 12/01/2022		2,420,000		2,352,734
ONEOK Partners LP 2.000%, 10/01/2017		1,575,000		1,592,287
Petrobras International Finance Company
2.875%, 02/06/2015		1,775,000		1,811,952
3.500%, 02/06/2017		4,460,000		4,606,569
Petroleos Mexicanos 5.500%, 06/27/2044 (S)		1,285,000		1,325,478
Rowan Companies, Inc. 5.400%, 12/01/2042		1,027,000		1,027,082

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Energy (continued)
Statoil ASA 1.200%, 01/17/2018	$	2,765,000	$	2,775,902
Sunoco Logistics Partners Operations LP
4.950%, 01/15/2043		413,000		405,452
Talisman Energy, Inc. 7.750%, 06/01/2019		1,435,000		1,819,907
Total Capital Canada, Ltd. 1.450%, 01/15/2018		2,115,000		2,135,063
Transocean, Inc. 6.375%, 12/15/2021		1,847,000		2,151,740
Western Gas Partners LP 5.375%, 06/01/2021		580,000		656,396

				51,243,406
Financials - 10.6%
ACE INA Holdings, Inc.
2.700%, 03/13/2023		4,600,000		4,580,064
4.150%, 03/13/2043		485,000		489,234
American Campus Communities Operating
Partnership LP 3.750%, 04/15/2023		1,965,000		1,977,855
American Express Credit Corp.
1.750%, 06/12/2015		4,414,000		4,510,141
American International Group, Inc.
4.875%, 06/01/2022		1,698,000		1,922,226
6.400%, 12/15/2020		1,270,000		1,573,717
Assurant, Inc.
2.500%, 03/15/2018		2,950,000		2,951,341
4.000%, 03/15/2023		1,475,000		1,477,367
Banco Santander SA 4.125%, 11/09/2022 (S)		2,195,000		2,205,975
Bank of America Corp.
1.500%, 10/09/2015		6,825,000		6,847,543
2.000%, 01/11/2018		8,630,000		8,592,839
3.300%, 01/11/2023		2,600,000		2,565,664
5.875%, 01/05/2021		845,000		998,475
6.000%, 09/01/2017		2,350,000		2,729,299
Berkshire Hathaway Finance Corp.
3.000%, 05/15/2022		474,000		483,489
Berkshire Hathaway, Inc.
1.550%, 02/09/2018		2,960,000		2,998,151
3.000%, 02/11/2023		1,905,000		1,934,286
4.500%, 02/11/2043		675,000		681,741
Boston Properties LP 3.850%, 02/01/2023		2,135,000		2,257,726
Citigroup, Inc.
2.650%, 03/02/2015		1,373,000		1,410,918
4.450%, 01/10/2017		2,935,000		3,232,377
4.500%, 01/14/2022		1,116,000		1,241,601
5.875%, 01/30/2042		480,000		572,891
Commonwealth Bank of Australia
0.750%, 01/15/2016 (S)		4,690,000		4,685,695
Daimler Finance North America LLC
1.875%, 01/11/2018 (S)		1,792,000		1,806,711
DDR Corp. 4.625%, 07/15/2022		2,000,000		2,164,890
Equity One, Inc. 3.750%, 11/15/2022		854,000		851,915
Federal Realty
Investment Trust 3.000%, 08/01/2022		1,000,000		987,931
General Electric Capital Corp.
1.625%, 07/02/2015		2,731,000		2,778,246
3.100%, 01/09/2023		4,223,000		4,184,186
5.875%, 01/14/2038		1,290,000		1,506,419
6.875%, 01/10/2039		924,000		1,212,481
Goodman Funding Pty, Ltd.
6.000%, 03/22/2022 (S)		990,000		1,129,970
HCP, Inc.
2.625%, 02/01/2020		888,000		894,156
3.750%, 02/01/2019		3,020,000		3,257,037
5.650%, 12/15/2013		2,945,000		3,046,667
HSBC Holdings PLC 4.000%, 03/30/2022		1,270,000		1,367,361
HSBC USA, Inc. 2.375%, 02/13/2015		2,575,000		2,649,469


Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
Inter-American Development Bank
3.875%, 10/28/2041	$	2,184,000	$	2,341,078
Itau Unibanco Holding SA/Cayman Island
5.125%, 05/13/2023 (S)		1,453,000		1,479,881
JPMorgan Chase & Company
5.400%, 01/06/2042		484,000		556,507
JPMorgan Chase Bank NA
6.000%, 10/01/2017		4,255,000		5,014,186
Lazard Group LLC
6.850%, 06/15/2017		4,058,000		4,667,382
7.125%, 05/15/2015		2,970,000		3,285,399
Liberty Mutual Group, Inc.
6.500%, 05/01/2042 (S)		1,151,000		1,313,511
Markel Corp.
3.625%, 03/30/2023		865,000		868,933
4.900%, 07/01/2022		1,235,000		1,372,344
5.000%, 03/30/2043		780,000		781,267
MetLife, Inc. 4.125%, 08/13/2042		679,000		636,758
Morgan Stanley
1.750%, 02/25/2016		3,075,000		3,099,206
3.750%, 02/25/2023		865,000		874,977
5.500%, 07/28/2021		2,194,000		2,516,757
Murray Street Investment Trust I
4.647%, 03/09/2017		7,041,000		7,702,108
Nordea Bank AB 4.875%, 05/13/2021 (S)		890,000		963,965
Pacific LifeCorp 5.125%, 01/30/2043 (S)		1,310,000		1,272,076
PNC Bank NA 2.700%, 11/01/2022		2,570,000		2,497,824
Prudential Financial, Inc.
5.200%, 03/15/2044 (P)		1,420,000		1,426,052
5.625%, 05/12/2041		540,000		615,699
Rabobank Nederland NV
3.875%, 02/08/2022		1,790,000		1,889,469
3.950%, 11/09/2022		1,165,000		1,173,806
Royal Bank of Scotland Group PLC
2.550%, 09/18/2015		3,673,000		3,775,069
6.125%, 12/15/2022		1,825,000		1,888,835
Simon Property Group LP
1.500%, 02/01/2018 (S)		4,044,000		4,031,759
Skandinaviska Enskilda Banken AB
1.750%, 03/19/2018 (S)		4,010,000		4,009,888
Stadshypotek AB 1.875%, 10/02/2019 (S)		4,609,000		4,625,182
Standard Chartered PLC
3.950%, 01/11/2023 (S)		2,405,000		2,396,967
5.300%, 01/09/2043 (S)		445,000		459,480
Svenska Handelsbanken AB
1.625%, 03/21/2018		4,320,000		4,308,774
Swedbank AB 1.750%, 03/12/2018 (S)		3,295,000		3,283,563
Swedbank Hypotek AB
1.375%, 03/28/2018 (S)		4,745,000		4,752,925
The Goldman Sachs Group, Inc.
2.375%, 01/22/2018		3,383,000		3,430,666
3.625%, 01/22/2023		1,294,000		1,304,063
6.150%, 04/01/2018		2,270,000		2,676,064
6.250%, 02/01/2041		460,000		547,504
6.750%, 10/01/2037		856,000		960,554
Ventas Realty LP
2.000%, 02/15/2018		1,885,000		1,896,544
2.700%, 04/01/2020		2,460,000		2,470,140
3.250%, 08/15/2022		1,905,000		1,897,551
WR Berkley Corp. 4.625%, 03/15/2022		1,055,000		1,145,505
Xstrata Finance Canada, Ltd.
4.000%, 10/25/2022 (S)		1,777,000		1,791,033

				188,759,305

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Health Care - 1.5%
AbbVie, Inc.
1.200%, 11/06/2015 (S)	$	4,500,000	$	4,534,961
2.000%, 11/06/2018 (S)		2,115,000		2,141,340
Amgen, Inc. 5.375%, 05/15/2043		3,100,000		3,454,454
Celgene Corp. 3.250%, 08/15/2022		3,432,000		3,473,489
Express Scripts Holding Company
2.100%, 02/12/2015		2,845,000		2,906,384
St. Jude Medical, Inc. 3.250%, 04/15/2023		1,965,000		1,972,199
Teva Pharmaceutical Finance Company BV
2.950%, 12/18/2022		1,572,000		1,577,244
Teva Pharmaceutical Finance IV LLC
2.250%, 03/18/2020		1,227,000		1,234,163
Watson Pharmaceuticals, Inc.
1.875%, 10/01/2017		526,000		532,363
WellPoint, Inc.
3.125%, 05/15/2022		873,000		879,545
4.625%, 05/15/2042		805,000		809,592
Zoetis, Inc.
1.875%, 02/01/2018 (S)		1,345,000		1,354,294
3.250%, 02/01/2023 (S)		1,464,000		1,485,713
4.700%, 02/01/2043 (S)		883,000		902,971

				27,258,712
Industrials - 0.4%
ERAC USA Finance LLC
3.300%, 10/15/2022 (S)		657,000		662,357
5.625%, 03/15/2042 (S)		1,997,000		2,229,986
Hutchison Whampoa International 11, Ltd.
4.625%, 01/13/2022 (S)		1,960,000		2,139,248
Owens Corning 4.200%, 12/15/2022		1,257,000		1,286,492
Penske Truck Leasing Company LP
2.875%, 07/17/2018 (S)		1,130,000		1,152,818

				7,470,901
Information Technology - 0.3%
IBM Corp. 1.250%, 02/08/2018		2,090,000		2,100,310
Intel Corp.
2.700%, 12/15/2022		1,115,000		1,105,559
4.000%, 12/15/2032		1,905,000		1,884,658

				5,090,527
Materials - 0.5%
Goldcorp, Inc. 3.700%, 03/15/2023		2,155,000		2,165,697
The Dow Chemical Company
5.250%, 11/15/2041		1,230,000		1,317,040
Vale SA 5.625%, 09/11/2042		1,329,000		1,316,861
Xstrata Finance Canada, Ltd.
1.800%, 10/23/2015 (S)		3,891,000		3,935,217

				8,734,815
Telecommunication Services - 1.9%
America Movil SAB de CV
2.375%, 09/08/2016		1,385,000		1,424,852
3.125%, 07/16/2022		3,755,000		3,684,988
American Tower Corp.
3.500%, 01/31/2023		1,807,000		1,793,527
4.500%, 01/15/2018		2,675,000		2,943,230
5.050%, 09/01/2020		767,000		851,923
AT&T, Inc.
0.800%, 12/01/2015		4,245,000		4,236,527
1.600%, 02/15/2017		2,655,000		2,688,448
2.625%, 12/01/2022		1,230,000		1,188,524
4.300%, 12/15/2042 (S)		2,290,000		2,137,422
Rogers Communications, Inc.
3.000%, 03/15/2023		1,295,000		1,300,524


Core Bond Trust (continued)
	Shares or
	Principal
	Amount		Value


CORPORATE BONDS (continued)
Telecommunication Services (continued)
Telefonica Chile SA 3.875%, 10/12/2022 (S) $	1,570,000	$	1,542,362
Vodafone Group PLC
0.900%, 02/19/2016	4,269,000		4,259,203
1.500%, 02/19/2018	4,270,000		4,260,982
4.375%, 02/19/2043	845,000		807,774

			33,120,286
Utilities - 1.7%
Alabama Power Company 3.850%, 12/01/2042	430,000		413,847
Ameren Corp. 8.875%, 05/15/2014	2,080,000		2,245,872
Ameren Illinois Company 2.700%, 09/01/2022	2,595,000		2,616,507
American Electric Power Company, Inc.
1.650%, 12/15/2017	2,540,000		2,549,723
APT Pipelines, Ltd. 3.875%, 10/11/2022 (S)	1,017,000		1,011,531
Carolina Power & Light Company
4.100%, 05/15/2042	1,020,000		1,020,135
CMS Energy Corp. 2.750%, 05/15/2014	1,230,000		1,250,428
Consolidated Edison Company of New
York, Inc. 3.950%, 03/01/2043	1,290,000		1,274,545
Dominion Resources, Inc. 8.875%, 01/15/2019	2,175,000		2,961,367
Duke Energy Corp. 1.625%, 08/15/2017	1,270,000		1,281,787
Duke Energy Indiana, Inc. 4.200%, 03/15/2042	1,792,000		1,819,427
EDF SA 4.600%, 01/27/2020 (S)	775,000		862,839
Electricite de France SA
5.250%, 01/29/2023 (P)(Q)(S)	385,000		382,736
Georgia Power Company 4.300%, 03/15/2043	1,300,000		1,306,750
MidAmerican Energy Holdings Company
6.500%, 09/15/2037	235,000		305,546
Niagara Mohawk Power Corp.
4.119%, 11/28/2042 (S)	1,000,000		976,503
Potomac Electric Power Company
4.150%, 03/15/2043	865,000		884,622
PPL Capital Funding, Inc. 3.500%, 12/01/2022	1,870,000		1,885,184
Progress Energy, Inc. 3.150%, 04/01/2022	911,000		928,917
Public Service Company of Colorado
3.950%, 03/15/2043	1,110,000		1,116,038
Southwestern Electric Power Company
3.550%, 02/15/2022	1,735,000		1,808,765
Westar Energy, Inc. 4.100%, 04/01/2043	1,475,000		1,495,608

			30,398,677

TOTAL CORPORATE BONDS (Cost $408,946,063)		$	418,407,628


MUNICIPAL BONDS - 1.2%
County of Clark (Nevada) 6.820%, 07/01/2045	1,835,000		2,571,789
Los Angeles Community College District
(California) 6.750%, 08/01/2049	1,785,000		2,553,907
New Jersey State Turnpike Authority
7.102%, 01/01/2041	2,238,000		3,183,040
North Texas Tollway Authority
6.718%, 01/01/2049	2,015,000		2,737,760
Port Authority of New York & New Jersey
4.458%, 10/01/2062	2,370,000		2,367,630
State of California 7.600%, 11/01/2040	1,540,000		2,248,369
State of Illinois, GO
5.365%, 03/01/2017	1,085,000		1,215,298
5.877%, 03/01/2019	905,000		1,041,483
5.665%, 03/01/2018	985,000		1,126,239
The Ohio State University 4.800%, 06/01/2111	715,000		762,018
University of Pennsylvania
4.674%, 09/01/2112	1,375,000		1,466,330

TOTAL MUNICIPAL BONDS (Cost $17,237,299)		$	21,273,863

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS - 9.2%
Commercial & Residential - 6.3%
Banc of America Commercial Mortgage Trust,
Series 2007-1, Class A4
5.451%, 01/15/2049	$	3,111,000	$	3,532,058
Banc of America Commercial Mortgage, Inc.
Series 2004-6, Class A3,
4.512%, 12/10/2042		147,939		149,147
Series 2006-6, Class A4,
5.356%, 10/10/2045		2,339,000		2,636,203
Series 2006-1, Class A4,
5.372%, 09/10/2045 (P)		1,778,000		1,969,492
Bear Stearns Commercial Mortgage
Securities, Inc., Series 2005-PWR7,
Class A2 4.945%, 02/11/2041		108,739		109,592
CFCRE Commercial Mortgage Trust,
Series 2011-C1, Class A4
4.961%, 04/15/2044 (P)(S)		2,387,000		2,766,858
Citigroup Commercial Mortgage Trust
Series 2005-C3, Class A4,
4.860%, 05/15/2043		2,205,000		2,348,523
Series 2007-C6, Class A4,
5.885%, 12/10/2049 (P)		936,000		1,089,185
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2005-CD1, Class A4
5.218%, 07/15/2044 (P)		1,918,000		2,097,325
Commercial Mortgage Pass
Through Certificates
Series 2013-LC6, Class ASB,
2.478%, 01/10/2046		1,277,000		1,296,917
Series 2012-CR2, Class ASB,
2.752%, 08/15/2045		2,214,000		2,296,564
Series 2012-LC4, Class A4,
3.288%, 12/10/2044		867,000		912,857
Credit Suisse First Boston
Mortgage Securities Corp.
Series 2005-C1, Class A3,
4.813%, 02/15/2038		663,205		675,000
Series 2004-C5, Class A4,
4.829%, 11/15/2037		431,000		454,598
Series 2005-C2, Class A4,
4.832%, 04/15/2037		3,259,000		3,455,857
Credit Suisse Mortgage Capital Certificates
Series 2006-C5, Class A3,
5.311%, 12/15/2039		4,847,000		5,428,562
Series 2006-C4, Class A3,
5.467%, 09/15/2039		803,313		900,055
CS First Boston Mortgage Securities Corp.,
Series 2005-C5, Class A4
5.100%, 08/15/2038 (P)		1,711,000		1,846,058
DBUBS Mortgage Trust, Series 2011-LC2A,
Class A4 4.537%, 07/10/2044 (S)		939,000		1,070,555
DDR Corp., Series 2009-DDR1, Class A
3.807%, 10/14/2022 (S)		2,425,006		2,515,626
GMAC Commercial Mortgage Securities, Inc.,
Series 2006-C1, Class AM
5.290%, 11/10/2045 (P)		1,616,000		1,749,516
Greenwich Capital Commercial Funding Corp.
Series 2005-GG5, Class A5,
5.224%, 04/10/2037 (P)		5,393,000		5,885,936
Series 2004-GG1, Class A7,
5.317%, 06/10/2036 (P)		1,377,456		1,416,116
Impact Funding LLC, Series 2010-1, Class A1
5.314%, 01/25/2051 (S)		4,264,820		4,809,664


Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial & Residential (continued)
JPMorgan Chase Commercial
Mortgage Securities Corp.
Series 2012-C8, Class ASB,
2.379%, 10/15/2045	$	1,491,000	$	1,520,754
Series 2013-C10, Class ASB,
2.702%, 12/15/2047		3,172,000		3,251,030
Series 2010-CNTR, Class A1,
3.300%, 08/05/2032 (S)		1,081,766		1,155,021
Series 2010-CNTR, Class A2,
4.311%, 08/05/2032 (S)		1,646,000		1,821,564
Series 2004-IN2, Class A2,
5.115%, 07/15/2041		4,860,000		5,087,142
Series 2006-LDP9, Class A2,
5.134%, 05/15/2047		562,721		590,870
Series 2006-CB17, Class A4,
5.429%, 12/12/2043		8,212,000		9,195,215
Series 2007-CB19, Class A4,
5.910%, 02/12/2049 (P)		2,085,000		2,404,991
LB Commercial Conduit Mortgage Trust,
Series 2007-C3, Class A3
5.854%, 07/15/2044 (P)		826,000		858,954
LB-UBS Commercial Mortgage Trust
Series 2004-C7, Class A5,
4.628%, 10/15/2029		126,145		127,705
Series 2005-C3, Class AM,
4.794%, 07/15/2040		2,722,000		2,934,855
Series 2004-C8, Class A6,
4.799%, 12/15/2029 (P)		375,085		391,950
Series 2007-C7, Class A3,
5.866%, 09/15/2045 (P)		4,494,000		5,174,333
Merrill Lynch Mortgage Trust
Series 2005-CIP1, Class A3A,
4.949%, 07/12/2038 (P)		721,000		752,030
Series 2005-CIP1, Class A4,
5.047%, 07/12/2038 (P)		1,239,000		1,346,698
Series 2005-CKI1, Class A6,
5.448%, 11/12/2037 (P)		868,000		947,589
Series 2007-C1, Class A4,
6.044%, 06/12/2050 (P)		2,312,000		2,671,451
Morgan Stanley Bank of America
Merrill Lynch Trust
Series 2013-C7, Class AAB,
2.469%, 02/15/2046		1,294,000		1,312,213
Series 2012-C6, Class A3,
2.506%, 11/15/2045		3,134,000		3,178,788
Series 2012-C5, Class A3,
2.825%, 08/15/2045		1,662,000		1,717,910
Morgan Stanley Capital I
Series 2004-HQ4, Class A7,
4.970%, 04/14/2040		1,680,000		1,750,002
Series 2005-HQ6, Class A4A,
4.989%, 08/13/2042		40,000		43,058
Morgan Stanley Dean Witter Capital I,
Series 2001-TOP3, Class A4
6.390%, 07/15/2033		44,201		44,224
Morgan Stanley Mortgage Loan Trust,
Series 2007-6XS, Class 2A1S
0.314%, 02/25/2047 (P)		21,391		19,523
Motel 6 Trust, Series 2012-MTL6, Class A2
1.948%, 10/05/2025 (S)		3,654,000		3,663,701

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial & Residential (continued)
Sequoia Mortgage Trust
Series 2010-H1, Class A1,
3.750%, 02/25/2040 (P)	$	175,619	$	177,061
Series 2011-1, Class A1,
4.125%, 02/25/2041 (P)		270,103		271,776
UBS-Barclays Commercial Mortgage Trust
Series 2012-C4, Class AAB,
2.459%, 12/10/2045		4,359,000		4,426,150
Series 2012-C3, Class A3,
2.728%, 08/10/2049		1,835,000		1,884,422
Series 2013-C5, Class A4,
3.185%, 03/10/2046		1,726,000		1,771,691

				111,904,935
U.S. Government Agency - 2.9%
Federal Home Loan Mortgage Corp.
Series 3664, Class DA,
4.000%, 11/15/2037		1,134,132		1,235,460
Series K003, Class AAB,
4.768%, 05/25/2018		1,677,000		1,862,027
Series 3622, Class WA,
5.500%, 09/15/2039		3,401,024		3,890,840
Series 2980, Class QA,
6.000%, 05/15/2035		2,460,612		2,782,765
Series T-48, Class 1A,
6.087%, 07/25/2033 (P)		58,080		68,549
Series 3529, Class AG,
6.500%, 04/15/2039		3,984,677		4,507,957
Series T-57, Class 1A2,
7.000%, 07/25/2043		743,932		864,386
Series T-57, Class 1A3,
7.500%, 07/25/2043		593,644		704,218
Series T-59, Class 1A3,
7.500%, 10/25/2043		816,929		967,889
Series T-60, Class 1A3,
7.500%, 03/25/2044		856,628		1,015,284
Federal National Mortgage Association
Series 2012-130, Class DC,
3.000%, 12/25/2042		18,553,807		19,480,273
Series 2012-134, Class LC,
3.000%, 12/25/2042		1,686,271		1,769,610
Series 2005-5, Class PA,
5.000%, 01/25/2035		1,036,938		1,139,726
Series 2005-64, Class PL,
5.500%, 07/25/2035		1,097,795		1,243,429
Series 2003-W17, Class 1A7,
5.750%, 08/25/2033		1,000,000		1,107,661
Series 2002-95, Class DB,
6.000%, 01/25/2033		2,992,527		3,443,142
Series 2006-56, Class CA,
6.000%, 07/25/2036		581,033		661,021
Series 2009-30, Class AD,
6.500%, 04/25/2039		27,763		30,467
Series 2012-3, Class CD,
7.000%, 02/25/2042		2,887,780		3,235,653
Series 2002-33, Class A2,
7.500%, 06/25/2032		651,287		801,414


Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
U.S. Government Agency (continued)
Government National Mortgage Association,
Series 2003-79, Class PV
5.500%, 10/20/2023	$	1,147,818	$	1,252,398

				52,064,169

TOTAL COLLATERALIZED MORTGAGE
OBLIGATIONS (Cost $162,379,609)			$	163,969,104


ASSET BACKED SECURITIES - 16.5%
Ally Auto Receivables Trust
Series 2012-4, Class A2,
0.480%, 05/15/2015		5,777,000		5,779,877
Series 2010-4, Class A4,
1.350%, 12/15/2015		2,740,000		2,757,911
Series 2010-5, Class A4,
1.750%, 03/15/2016		4,730,000		4,781,926
Series 2011-1, Class A4,
2.230%, 03/15/2016		5,694,000		5,797,876
Ally Master Owner Trust
Series 2012-3, Class A1,
0.903%, 06/15/2017 (P)		2,379,000		2,393,862
Series 2012-1, Class A1,
1.003%, 02/15/2017 (P)		3,716,000		3,744,357
Series 2011-3, Class A2,
1.810%, 05/15/2016		3,391,000		3,438,972
American Express Credit
Account Master Trust
Series 2012-3, Class A,
0.353%, 03/15/2018 (P)		1,753,000		1,754,355
Series 2012-4, Class A,
0.443%, 05/15/2020 (P)		6,033,000		6,021,978
Series 2010-1, Class A,
0.453%, 11/16/2015 (P)		4,726,000		4,726,473
Series 2009-2, Class A,
1.453%, 03/15/2017 (P)		2,074,000		2,108,109
American Express Issuance Trust II,
Series 2013-1, Class A
0.483%, 02/15/2019 (P)		6,561,000		6,561,262
AmeriCredit Automobile Receivables Trust
Series 2012-4, Class A2,
0.490%, 04/08/2016		2,421,532		2,422,331
Series 2012-4, Class A3,
0.670%, 06/08/2017		1,949,000		1,951,674
BA Credit Card Trust, Series 2007-A6,
Class A6 0.263%, 09/15/2016 (P)		9,392,000		9,394,038
Capital Auto Receivables Asset Trust
Series 2013-1, Class A3,
0.790%, 06/20/2017		4,271,000		4,277,035
Series 2013-1, Class A4,
0.970%, 01/22/2018		1,708,000		1,710,277
Capital One Multi-Asset Execution Trust,
Series 2008-A3, Class A3
5.050%, 02/15/2016		1,544,000		1,547,457
Chase Issuance Trust
Series 2011-A2, Class A-2,
0.293%, 05/15/2015 (P)		12,011,000		12,011,961
Series 2012-A1, Class A1,
0.303%, 05/16/2016 (P)		3,815,000		3,815,980
Series 2012-A6, Class A,
0.333%, 08/15/2017 (P)		17,339,000		17,344,271
Series 2012-A10, Class A10,
0.463%, 12/16/2019 (P)		2,151,000		2,151,000

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


ASSET BACKED SECURITIES (continued)
Chase Issuance Trust (continued)
Series 2012-A8, Class A8,
0.540%, 10/16/2017	$	2,125,000	$	2,121,681
Series 2008-A13, Class A13,
1.780%, 09/15/2015 (P)		5,279,000		5,316,808
Discover Card Master Trust
Series 2013-A1, Class A1,
0.503%, 08/17/2020 (P)		2,611,000		2,611,000
Series 2011-A1, Class A1,
0.553%, 08/15/2016 (P)		8,575,000		8,594,011
Ford Credit Auto Owner Trust, Series 2012-B,
Class A2 0.570%, 01/15/2015		3,256,272		3,258,509
Ford Credit Floorplan Master Owner Trust
Series 2012-4, Class A2,
0.553%, 09/15/2016 (P)		6,715,000		6,727,953
Series 2013-1, Class A2,
0.583%, 01/15/2018 (P)		2,972,000		2,970,327
GE Capital Credit Card Master Note Trust,
Series 2011-1, Class A
0.753%, 01/15/2017 (P)		1,546,000		1,552,416
Honda Auto Receivables Owner Trust
Series 2013-1, Class A2,
0.350%, 06/22/2015		5,728,000		5,726,539
Series 2012-3, Class A2,
0.460%, 12/15/2014		1,710,000		1,710,995
Series 2010-3, Class A4,
0.940%, 12/21/2016		4,394,000		4,403,553
Series 2010-2, Class A4,
1.930%, 08/18/2016		1,127,000		1,132,508
MBNA Credit Card Master Note Trust,
Series 2003-A10, Class A10
0.463%, 03/15/2016 (P)		2,087,000		2,089,995
MMCA Auto Owner Trust, Series 2011-A,
Class A4 2.020%, 10/17/2016 (S)		1,064,000		1,076,848
Nelnet Student Loan Trust
Series 2007-1, Class A1,
0.298%, 11/27/2018 (P)		297,700		297,391
Series 2007-1, Class A3,
0.358%, 05/27/2025 (P)		3,062,000		2,933,763
Series 2006-1, Class A4,
0.378%, 11/23/2022 (P)		7,085,077		7,068,172
Series 2006-2, Class A4,
0.381%, 10/26/2026 (P)		9,090,048		9,076,631
Series 2005-2, Class A5,
0.384%, 03/23/2037 (P)		8,428,000		8,053,485
Series 2005-1, Class A5,
0.411%, 10/25/2033 (P)		5,020,000		4,846,358
Series 2007-2A, Class A3L,
0.634%, 03/25/2026 (P)(S)		10,347,000		10,208,402
Nissan Auto Receivables Owner Trust,
Series 2012-B, Class A2
0.390%, 04/15/2015		1,078,000		1,078,293
Santander Drive Auto Receivables Trust
Series 2012-5, Class A2,
0.570%, 12/15/2015		1,249,242		1,249,850
Series 2012-6, Class A3,
0.620%, 07/15/2016		1,096,000		1,096,672
Series 2013-2, Class A3,
0.700%, 09/15/2017		5,737,000		5,734,424
Series 2012-3, Class A2,
0.830%, 04/15/2015		1,263,337		1,265,392
Series 2012-5, Class A3,
0.830%, 12/15/2016		973,000		975,632


Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


ASSET BACKED SECURITIES (continued)
Santander Drive Auto
Receivables Trust (continued)
Series 2011-2, Class A3,
1.290%, 02/16/2015	$	640,138	$	641,401
SLC Student Loan Trust, Series 2007-2,
Class A2 0.690%, 05/15/2028 (P)		1,237,401		1,241,268
SLM Student Loan Trust
Series 2007-2, Class A2,
0.301%, 07/25/2017 (P)		1,159,973		1,158,417
Series 2007-4, Class A3,
0.361%, 01/25/2022 (P)		5,856,275		5,843,772
Series 2007-7, Class A4,
0.371%, 04/25/2022 (P)		585,777		585,340
Series 2006-6, Class A2,
0.381%, 10/25/2022 (P)		1,726,635		1,724,807
Series 2005-9, Class A4,
0.401%, 01/25/2023 (P)		891,666		891,791
Series 2005-5, Class A3,
0.401%, 04/25/2025 (P)		407,000		404,339
Series 2013-1, Class A2,
0.454%, 09/25/2019 (P)		1,752,000		1,750,866
Series 2007-2, Class B,
0.471%, 07/25/2025 (P)		1,292,000		1,119,199
Series 2010-1, Class A,
0.604%, 03/25/2025 (P)		3,412,575		3,422,154
Series 2004-8A, Class A5,
0.801%, 04/25/2024 (P)(S)		9,241,000		9,279,743
Series 2013-A, Class A1,
0.803%, 08/15/2022 (P)(S)		3,971,000		3,970,980
Series 2008-6, Class A2,
0.851%, 10/25/2017 (P)		350,267		350,770
Series 2004-5A, Class A5,
0.901%, 10/25/2023 (P)(S)		4,553,000		4,587,448
Series 2012-E, Class A1,
0.953%, 10/16/2023 (P)(S)		5,220,592		5,245,400
Series 2012-6, Class B,
1.204%, 04/27/2043 (P)		1,844,000		1,683,240
Series 2012-B, Class A1,
1.303%, 12/15/2021 (P)(S)		4,858,250		4,897,242
Series 2012-C, Class A1,
1.303%, 08/15/2023 (P)(S)		3,597,926		3,632,793
Series 2005-6, Class A5B,
1.501%, 07/27/2026 (P)		1,994,000		2,018,301
Series 2011-C, Class A1,
1.603%, 12/15/2023 (P)(S)		5,341,620		5,407,092
Series 2012-A, Class A1,
1.603%, 08/15/2025 (P)(S)		5,264,045		5,344,659
Series 2013-A, Class A2A,
1.770%, 05/17/2027 (S)		1,587,000		1,587,554
Series 2008-9, Class A,
1.801%, 04/25/2023 (P)		4,118,458		4,284,518
Series 2012-E, Class A2B,
1.953%, 06/15/2045 (P)(S)		4,487,000		4,610,823
Series 2013-1, Class B,
2.004%, 11/25/2043 (P)		1,348,000		1,299,262
SMS Student Loan Trust
Series 2000-A, Class A2,
0.491%, 10/28/2028 (P)		1,963,603		1,959,067
Series 2000-B, Class A2,
0.501%, 04/28/2029 (P)		1,536,280		1,533,862
Toyota Auto Receivables Owner Trust,
Series 2012-A, Class A2
0.570%, 10/15/2014		2,066,810		2,068,712

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


ASSET BACKED SECURITIES (continued)
Volkswagen Auto Loan Enhanced Trust,
Series 2012-2, Class A2
0.330%, 07/20/2015	$	1,753,000	$	1,752,285

TOTAL ASSET BACKED SECURITIES (Cost $292,606,555)			$	293,967,695

SHORT-TERM INVESTMENTS - 4.3%
Money Market Funds - 4.3%
State Street Institutional Liquid Reserves
Fund, 0.1355% (Y)		77,122,542		77,122,542

TOTAL SHORT-TERM INVESTMENTS (Cost $77,122,542)			$	77,122,542

Total Investments (Core Bond Trust)
(Cost $1,920,645,915) - 109.1%			$	1,940,390,804
Other assets and liabilities, net - (9.1%)				(161,894,657)

TOTAL NET ASSETS - 100.0%			$	1,778,496,147




Core Fundamental Holdings Trust
		Shares or
		Principal
		Amount		Value


INVESTMENT COMPANIES - 100.0%
Affiliated Investment Companies (G) - 40.0%
John Hancock Variable Insurance Trust - 40.0%
Equity - 24.2%
Strategic Equity Allocation, Series NAV
(John Hancock) (A)(2)		5,987,632	$	86,700,914
Fixed Income - 15.8%
Bond Trust, Series NAV (John Hancock) (A)(1)		4,040,117		56,723,236
American Funds Insurance Series - 60.0%
Equity - 36.2%
American Growth Fund - Class 1		389,498		25,367,986
American Growth-Income Fund - Class 1		1,824,632		76,616,308
American International Fund - Class 1		1,503,675		27,652,578
Fixed Income - 23.8%
American U.S. Government Fund - Class 1		6,689,061		85,084,854

TOTAL INVESTMENT COMPANIES (Cost $327,474,690)			$	358,145,876

Total Investments (Core Fundamental Holdings Trust)
(Cost $327,474,690) - 100.0%			$	358,145,876
Other assets and liabilities, net - 0.0%				(19,159)

TOTAL NET ASSETS - 100.0%			$	358,126,717




Core Global Diversification Trust
		Shares or
		Principal
		Amount		Value


INVESTMENT COMPANIES - 99.8%
Affiliated Investment Companies (G) - 28.9%
John Hancock Variable Insurance Trust - 28.9%
Equity - 15.0%
Strategic Equity Allocation, Series NAV
(John Hancock) (A)(2)		3,674,501	$	53,206,768
Fixed Income - 13.9%
Bond Trust, Series NAV (John Hancock) (A)(1)		3,534,817		49,628,833


Core Global Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


INVESTMENT COMPANIES (continued)
American Funds Insurance Series - 59.9%
Equity - 38.9%
American Global Growth Fund - Class 1	2,438,107	$	60,977,052
American Growth-Income Fund - Class 1	415,262		17,436,855
American International Fund - Class 1	3,257,699		59,909,092
Fixed Income - 21.0%
American U.S. Government Fund - Class 1	5,852,457		74,443,250
Exchange Traded Funds - 11.0%
Vanguard MSCI EAFE ETF	1,070,384		38,994,089

TOTAL INVESTMENT COMPANIES (Cost $330,340,408)		$	354,595,939

Total Investments (Core Global Diversification Trust)
(Cost $330,340,408) - 99.8%		$	354,595,939
Other assets and liabilities, net - 0.2%			764,716

TOTAL NET ASSETS - 100.0%		$	355,360,655




Core Strategy Trust
	Shares or
	Principal
	Amount		Value


INVESTMENT COMPANIES - 100.0%
Affiliated Investment Companies (G) - 100.0%
John Hancock Variable Insurance Trust - 100.0%
Equity - 70.4%
Strategic Equity Allocation, Series NAV
(John Hancock) (A)(2)	38,495,475	$	557,414,474
Fixed Income - 29.6%
Bond Trust, Series NAV (John Hancock) (A)(1)	16,691,276		234,345,513

			791,759,987

TOTAL INVESTMENT COMPANIES (Cost $743,136,682)		$	791,759,987

Total Investments (Core Strategy Trust)
(Cost $743,136,682) - 100.0%		$	791,759,987
Other assets and liabilities, net - 0.0%			(35,706)

TOTAL NET ASSETS - 100.0%		$	791,724,281




Disciplined Diversification Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 71.3%
Consumer Discretionary - 9.4%
Auto Components - 0.6%
Aisin Seiki Company, Ltd.	600	$	22,107
Autoliv, Inc. (L)	1,000		69,140
Autoneum Holding AG	46		3,078
BorgWarner, Inc. (I)	800		61,872
Bosch, Ltd.	16		2,652
Bridgestone Corp.	1,700		57,350
Cheng Shin Rubber Industry Company, Ltd.	6,726		19,148
Cie Generale des Etablissements Michelin	998		83,625
Continental AG	469		56,113
Cooper Tire & Rubber Company	800		20,528
Dana Holding Corp.	1,463		26,085

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Auto Components (continued)
Denso Corp.	1,700	$	72,288
Dorman Products, Inc. (L)	600		22,326
Exedy Corp.	200		4,695
Exide Technologies (I)	1,700		4,590
Faurecia (I)	464		7,384
FCC Company, Ltd.	400		9,697
Federal-Mogul Corp. (I)	900		5,427
Firma Oponiarska Debica SA	167		3,430
Fuel Systems Solutions, Inc. (I)	300		4,941
Futaba Industrial Company, Ltd. (I)	400		1,853
Gentex Corp.	1,100		22,011
Gentherm, Inc. (I)	400		6,552
GKN PLC	8,902		35,892
Hankook Tire Company, Ltd.	480		20,766
Hankook Tire Worldwide Company, Ltd.	110		1,822
Hudaco Industries, Ltd.	45		462
Hyundai Mobis	203		56,812
Johnson Controls, Inc.	3,264		114,468
Keihin Corp.	300		4,146
Koito Manufacturing Company, Ltd.	1,000		17,262
Lear Corp.	1,000		54,870
Leoni AG	304		11,783
Linamar Corp.	400		9,537
Magna International, Inc.	1,047		61,541
Mando Corp.	32		3,364
Minth Group, Ltd.	6,000		8,840
Modine Manufacturing Company (I)	1,300		11,830
Nan Kang Rubber Tire Company, Ltd.	3,088		3,467
NGK Spark Plug Company, Ltd.	1,000		15,348
Nifco, Inc.	200		4,566
Nissin Kogyo Company, Ltd.	600		10,007
NOK Corp.	800		11,569
Nokian Renkaat OYJ	608		27,131
Pirelli & C. SpA	1,527		16,040
Plascar Participacoes Industriais SA	700		149
Press Kogyo Company, Ltd.	1,000		5,183
Riken Corp.	1,000		4,209
Sanden Corp.	1,000		4,144
Sri Trang Agro-Industry PCL	7,000		3,848
Standard Motor Products, Inc.	500		13,860
Stanley Electric Company, Ltd.	800		13,867
Stoneridge, Inc. (I)	200		1,526
Superior Industries International, Inc. (L)	500		9,340
Takata Corp.	200		4,041
Tenneco, Inc. (I)	300		11,793
The Goodyear Tire & Rubber Company (I)	1,800		22,698
The Yokohama Rubber Company, Ltd.	2,000		23,152
Tianneng Power International, Ltd.	3,600		2,415
Tokai Rika Company, Ltd.	600		11,195
Tong Yang Industry Company, Ltd.	6,676		6,083
Toyo Tire & Rubber Company, Ltd.	4,000		17,946
Toyoda Gosei Company, Ltd.	600		14,419
Toyota Boshoku Corp.	400		5,659
TRW Automotive Holdings Corp. (I)	1,100		60,500
TS Tech Company, Ltd.	300		8,545
Valeo SA	484		26,211
Visteon Corp. (I)	400		23,080
Xingda International Holdings, Ltd.	14,000		4,647
Xinyi Glass Holdings Company, Ltd.	14,000		9,918

			1,396,843
Automobiles - 0.9%
Astra International Tbk PT	50,000		40,681
Bajaj Auto, Ltd.	482		15,773


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Automobiles (continued)
Bayerische Motoren Werke AG	1,234	$	106,534
Brilliance China Automotive Holdings, Ltd. (I)	10,000		11,792
Byd Company, Ltd., H Shares (I)	3,000		9,672
Daihatsu Motor Company, Ltd.	1,000		20,776
Daimler AG	2,957		160,959
Dongfeng Motor Group Company, Ltd.,
H Shares	12,000		16,914
Fiat SpA (I)	3,358		17,947
Ford Motor Company	16,600		218,262
Ford Otomotiv Sanayi AS	1,110		15,954
Fuji Heavy Industries, Ltd.	2,000		31,773
Geely Automobile Holdings Company, Ltd.	10,000		4,907
General Motors Company (I)	3,463		96,341
Great Wall Motor Company, Ltd., H Shares	3,000		10,199
Guangzhou Automobile Group Company, Ltd.,
H Shares	10,233		8,741
Harley-Davidson, Inc.	1,400		74,620
Honda Motor Company, Ltd.	5,700		219,641
Hyundai Motor Company	529		106,500
IMMSI SpA	4,536		2,736
Isuzu Motors, Ltd.	4,000		24,209
Kia Motors Corp.	733		37,069
Mahindra & Mahindra, Ltd.	1,788		28,381
Maruti Suzuki India, Ltd.	284		6,671
Mazda Motor Corp. (I)	9,000		26,568
Mitsubishi Motors Corp. (I)	19,000		19,889
Nissan Motor Company, Ltd.	9,200		89,144
Peugeot SA (I)(L)	1,042		7,564
Renault SA	1,175		73,784
Suzuki Motor Corp.	1,300		29,152
TAN Chong Motor Holdings BHD	2,300		3,825
Tata Motors, Ltd., ADR (L)	1,303		31,806
Tesla Motors, Inc. (I)(L)	927		35,124
Tofas Turk Otomobil Fabrikasi AS	232		1,674
Toyota Motor Corp. (Tokyo Exchange)	2,000		103,073
Toyota Motor Corp., ADR (L)	3,752		385,105
UMW Holdings BHD	900		3,898
Volkswagen AG	138		25,964
Winnebago Industries, Inc. (I)	400		8,256
Yamaha Motor Company, Ltd.	1,800		24,373

			2,156,251
Distributors - 0.1%
Canon Marketing Japan, Inc.	700		10,400
Core-Mark Holding Company, Inc.	100		5,131
Dah Chong Hong Holdings, Ltd.	8,000		7,571
Dogus Otomotiv Servis ve Ticaret AS	43		270
Genuine Parts Company (L)	1,200		93,600
Headlam Group PLC	474		2,510
Imperial Holdings, Ltd.	1,333		30,485
Inchcape PLC	4,402		33,747
John Menzies PLC	4		43
Li & Fung, Ltd.	16,000		22,098
LKQ Corp. (I)	1,500		32,640
Pacific Brands, Ltd.	5,817		5,229
Pool Corp.	400		19,200
Silver Base Group Holdings, Ltd.	3,075		935
Smiths News PLC	2,505		7,048
Uni-Select, Inc.	200		3,886
VOXX International Corp. (I)	700		7,497

			282,290
Diversified Consumer Services - 0.1%
Advtech, Ltd.	11,287		8,587

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Diversified Consumer Services (continued)
American Public Education, Inc. (I)	200	$	6,978
Anhanguera Educacional Participacoes SA	800		12,934
Apollo Group, Inc., Class A (I)	800		13,912
Ascent Capital Group, Inc., Class A (I)	200		14,888
Bridgepoint Education, Inc. (I)	500		5,115
Cambium Learning Group, Inc. (I)	3,401		3,503
Career Education Corp. (I)	1,300		3,081
Coinstar, Inc. (I)(L)	300		17,526
DeVry, Inc. (L)	612		19,431
Educomp Solutions, Ltd.	690		790
Estacio Participacoes SA	700		15,034
Grand Canyon Education, Inc. (I)(L)	600		15,234
H&R Block, Inc.	1,500		44,130
Hillenbrand, Inc.	200		5,056
ITT Educational Services, Inc. (I)(L)	300		4,134
K12, Inc. (I)	500		12,055
Kroton Educacional SA	1,140		14,594
Learning Tree International, Inc. (I)	300		1,110
Lincoln Educational Services Corp.	400		2,344
Mac-Gray Corp.	400		5,120
Matthews International Corp., Class A	400		13,956
Navitas, Ltd.	2,006		11,163
Raffles Education Corp., Ltd. (I)	8,799		2,567
Service Corp. International	1,300		21,749
Sotheby’s	500		18,705
Steiner Leisure, Ltd. (I)	200		9,672
Stewart Enterprises, Inc., Class A (L)	1,600		14,864
Strayer Education, Inc. (I)	200		9,676
Universal Technical Institute, Inc.	300		3,789
Weight Watchers International, Inc. (L)	400		16,844
Zee Learn, Ltd. (I)	711		284

			348,825
Hotels, Restaurants & Leisure - 1.3%
Accor SA	793		27,563
AFC Enterprises, Inc. (I)	100		3,633
Ajisen China Holdings, Ltd.	8,000		6,355
Alsea SAB de CV (I)	5,441		15,679
Ambassadors Group, Inc. (I)	200		862
AmRest Holdings SE (I)	371		9,819
Aristocrat Leisure, Ltd.	3,696		14,175
Autogrill SpA	1,195		14,155
Bally Technologies, Inc. (I)(L)	400		20,788
Berjaya Sports Toto BHD	3,722		4,992
Betsson AB	583		18,781
Biglari Holdings, Inc. (I)	25		9,330
BJ’s Restaurants, Inc. (I)	300		9,984
Bob Evans Farms, Inc.	150		6,393
Boyd Gaming Corp. (I)(L)	1,600		13,232
Brinker International, Inc. (L)	900		33,885
Buffalo Wild Wings, Inc. (I)(L)	300		26,259
Bwin.Party Digital Entertainment PLC	3,922		8,606
Cafe de Coral Holdings, Ltd.	2,000		6,166
Carnival Corp.	2,800		96,040
Carnival PLC, ADR (L)	880		30,826
China Energy Development Holdings, Ltd. (I)	160,000		2,422
China Travel International Investment
Hong Kong, Ltd.	22,000		4,285
Chipotle Mexican Grill, Inc. (I)	100		32,587
Choice Hotels International, Inc. (L)	600		25,386
Churchill Downs, Inc.	200		14,008
City Lodge Hotels, Ltd.	313		3,917
Club Mediterranee SA (I)	311		5,380
Compass Group PLC	9,971		127,406


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Hotels, Restaurants & Leisure (continued)
Cracker Barrel Old Country Store, Inc.	300	$	24,255
Crown, Ltd.	1,773		22,773
Darden Restaurants, Inc. (L)	800		41,344
DineEquity, Inc.	100		6,879
Domino’s Pizza Enterprises, Ltd.	475		5,722
Domino’s Pizza, Inc.	600		30,864
Doutor Nichires Holdings Company, Ltd.	300		4,402
Echo Entertainment Group, Ltd.	4,790		17,398
Enterprise Inns PLC (I)	2,020		3,268
Flight Centre, Ltd. (L)	476		16,725
Galaxy Entertainment Group, Ltd. (I)	6,000		25,142
Genting BHD	6,400		20,764
Genting Hong Kong, Ltd. (I)	54,000		23,629
Genting Malaysia BHD	18,600		22,055
Genting Singapore PLC	17,000		20,543
Great Canadian Gaming Corp. (I)	400		3,690
Greene King PLC	1,452		15,526
Hotel Properties, Ltd.	2,000		5,309
Hotel Shilla Company, Ltd.	160		7,925
Hyatt Hotels Corp., Class A (I)	500		21,615
Indian Hotels Company, Ltd.	1,727		1,701
InterContinental Hotels Group PLC, ADR	1,290		39,242
International Game Technology	1,800		29,700
Interval Leisure Group, Inc.	720		15,653
Intralot SA-Integrated Lottery Systems
& Services	1,792		4,203
Isle of Capri Casinos, Inc. (I)	600		3,774
J.D. Wetherspoon PLC	642		5,247
Jollibee Foods Corp.	3,540		10,996
Kangwon Land, Inc.	460		12,753
Kisoji Company, Ltd.	400		8,127
Krispy Kreme Doughnuts, Inc. (I)	200		2,888
Kuoni Reisen Holding AG	39		12,333
Ladbrokes PLC	7,440		25,630
Las Vegas Sands Corp.	1,600		90,160
Life Time Fitness, Inc. (I)(L)	400		17,112
Lottomatica SpA	447		10,524
Luby’s, Inc. (I)(L)	139		1,040
Marcus Corp.	300		3,747
Marriott International, Inc., Class A	1,229		51,901
Marriott Vacations Worldwide Corp. (I)	242		10,384
Marston’s PLC	2,935		6,324
McDonald’s Corp.	3,900		388,791
Melia Hotels International SA	724		4,924
MGM Resorts International (I)	4,600		60,490
Millennium & Copthorne Hotels PLC	2,080		17,992
Minor International PCL, Foreign Shares	17,380		14,243
Mitchells & Butlers PLC (I)	2,067		10,245
Monarch Casino & Resort, Inc. (I)	200		1,946
Multimedia Games Holding Company, Inc. (I)	1,200		25,044
NH Hoteles SA (I)	580		1,831
OPAP SA	1,350		10,659
Orbis SA	719		7,943
Orient-Express Hotels, Ltd., Class A (I)	1,400		13,804
Oriental Land Company, Ltd.	100		16,380
Paddy Power PLC	306		27,656
Panera Bread Company, Class A (I)	200		33,048
Papa John’s International, Inc. (I)	200		12,364
Penn National Gaming, Inc. (I)	825		44,905
Pierre & Vacances SA	194		3,506
Pinnacle Entertainment, Inc. (I)	1,500		21,930
Punch Taverns PLC (I)	1,433		229
Restaurant Group PLC	2,413		17,160

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Hotels, Restaurants & Leisure (continued)
Rezidor Hotel Group AB (I)	1,181	$	5,716
Royal Caribbean Cruises, Ltd.	1,900		63,118
Royal Holdings Company, Ltd.	700		10,212
Ruby Tuesday, Inc. (I)	1,200		8,844
Ruth’s Hospitality Group, Inc. (I)(L)	900		8,586
Sands China, Ltd.	4,000		20,750
Scientific Games Corp., Class A (I)	1,200		10,500
Shangri-La Asia, Ltd.	4,833		9,527
Six Flags Entertainment Corp.	800		57,984
SJM Holdings, Ltd.	6,000		15,037
SkiStar AB	355		4,223
SKYCITY Entertainment Group, Ltd.	3,284		12,132
Sodexo	357		33,287
Sonic Corp. (I)	600		7,728
Speedway Motorsports, Inc.	700		12,593
Spirit Pub Company PLC	1,433		1,280
Starbucks Corp.	3,600		205,056
Starwood Hotels & Resorts Worldwide, Inc.	1,500		95,595
Sun International, Ltd.	1,350		14,817
Tabcorp Holdings, Ltd.	5,372		18,097
Tatts Group, Ltd.	6,221		20,571
The Cheesecake Factory, Inc. (L)	500		19,305
The Hongkong & Shanghai Hotels, Ltd.	182		312
The Wendy’s Company (L)	4,304		24,404
Thomas Cook Group PLC (I)	3,890		6,653
Tim Hortons, Inc.	600		32,609
TUI AG (I)	2,754		29,565
TUI Travel PLC	4,353		21,611
Vail Resorts, Inc. (L)	400		24,928
Whitbread PLC	1,035		40,531
William Hill PLC	6,637		37,442
WMS Industries, Inc. (I)	700		17,647
Wyndham Worldwide Corp.	1,800		116,064
Wynn Macau, Ltd. (I)	4,400		11,773
Wynn Resorts, Ltd.	319		39,926
Yoshinoya Holdings Conpany, Ltd.	1		1,177
Yum! Brands, Inc.	1,900		136,686
Zensho Holdings Company, Ltd.	700		9,453

			3,237,010
Household Durables - 0.8%
Aga Rangemaster Group PLC (I)	3,162		4,050
AmTRAN Technology Company, Ltd.	9,687		7,885
Arcelik AS	2,206		15,604
Bang & Olufsen A/S (I)	260		2,329
Barratt Developments PLC (I)	569		2,372
Beazer Homes USA, Inc. (I)(L)	180		2,851
Bellway PLC	1,862		36,710
Berkeley Group Holdings PLC	769		23,863
Blyth, Inc.	200		3,472
Bovis Homes Group PLC	816		9,195
Brookfield Incorporacoes SA	1,946		2,398
Brookfield Residential Properties, Inc. (I)	152		3,700
Casio Computer Company, Ltd. (I)(L)	2,000		15,661
Cavco Industries, Inc. (I)	100		4,757
Consorcio ARA SAB de CV (I)	6,000		2,441
Coway Company, Ltd.	390		17,344
Cyrela Brazil Realty SA Empreendimentos
e Participacoes	1,800		15,446
D.R. Horton, Inc. (L)	3,100		75,330
Desarrolladora Homex SAB de CV (I)	2,400		3,583
Dorel Industries, Inc., Class B	200		8,062
Duni AB	351		3,340
Ekornes ASA	233		3,749


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Household Durables (continued)
Electrolux AB (L)	1,989	$	50,679
Ethan Allen Interiors, Inc. (L)	400		13,168
Even Construtora e Incorporadora SA	1,800		8,614
EZ Tec Empreendimentos e Participacoes SA	1,100		14,719
Fiskars Corp.	285		6,400
Forbo Holding AG	23		15,032
France Bed Holdings Company, Ltd.	1,000		2,279
Gafisa SA (I)	3,000		5,968
Garmin, Ltd.	1,600		52,864
Haier Electronics Group Company, Ltd. (I)	1,000		1,604
Harman International Industries, Inc.	600		26,778
Haseko Corp. (I)	7,000		6,527
Helen of Troy, Ltd. (I)	500		19,180
Hooker Furniture Corp.	200		3,188
Hunter Douglas NV	39		1,554
Husqvarna AB, A Shares	1,070		6,322
Husqvarna AB, B Shares	3,585		21,188
Jarden Corp. (I)(L)	1,350		57,848
JM AB (L)	800		18,999
JVC Kenwood Corp.	1,800		4,856
KB Home	1,200		26,124
La-Z-Boy, Inc.	1,817		34,287
Leggett & Platt, Inc. (L)	1,200		40,536
Lennar Corp., Class A (L)	1,200		49,776
Lennar Corp., Class B	59		1,903
LG Electronics, Inc.	484		35,577
Libbey, Inc. (I)	400		7,732
M/I Homes, Inc. (I)	300		7,335
MDC Holdings, Inc.	700		25,655
Meritage Homes Corp. (I)	400		18,744
Mohawk Industries, Inc. (I)	800		90,496
MRV Engenharia e Participacoes SA	2,200		9,145
NACCO Industries, Inc., Class A	100		5,336
Newell Rubbermaid, Inc.	2,300		60,030
Nexity SA	201		6,929
Nobia AB	2,476		13,204
NVR, Inc. (I)	100		108,011
PanaHome Corp.	1,000		7,162
Panasonic Corp.	7,900		59,455
PDG Realty SA Empreendimentos
e Participacoes	8,200		12,782
Persimmon PLC	5,286		86,045
PIK Group, GDR (I)	572		1,126
PulteGroup, Inc. (I)	2,700		54,648
Redrow PLC (I)	1,082		3,090
Rossi Residencial SA	3,738		5,660
Sampo Corp.	21,000		7,169
SEB SA	170		11,759
Sekisui Chemical Company, Ltd.	2,000		22,141
Sekisui House, Ltd.	3,000		40,821
Sharp Corp. (I)(L)	6,000		17,171
Skyworth Digital Holdings, Ltd.	6,106		4,144
Sony Corp. (Tokyo Exchange)	2,100		36,453
Sony Corp., ADR (L)	2,600		45,240
Standard Pacific Corp. (I)	2,300		19,872
Steinhoff International Holdings, Ltd. (I)	6,666		18,130
Sumitomo Forestry Company, Ltd.	1,300		14,427
Tatung Company, Ltd. (I)	10,000		2,529
Taylor Wimpey PLC	12,083		16,702
TCL Multimedia Technology Holdings, Ltd.	12,000		9,368
Tecnisa SA	1,800		7,411
Tempur-Pedic International, Inc. (I)	400		19,852
The Ryland Group, Inc. (L)	900		37,458

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Household Durables (continued)
Token Corp.	120	$	8,126
Toll Brothers, Inc. (I)	1,500		51,360
TomTom NV (I)	237		947
Tupperware Brands Corp.	600		49,044
Universal Electronics, Inc. (I)	100		2,325
Urbi Desarrollos Urbanos SAB de CV (I)	6,600		1,694
Videocon Industries, Ltd.	482		1,809
Viver Incorporadora e Construtora SA (I)	1,527		589
Whirlpool Corp.	900		106,614

			1,925,852
Internet & Catalog Retail - 0.4%
Amazon.com, Inc. (I)	1,400		373,086
B2W Cia Global do Varejo (I)	300		2,228
Expedia, Inc.	890		53,409
Home Retail Group PLC	5,710		13,495
HSN, Inc.	420		23,041
Liberty Interactive Corp., Series A (I)	4,200		89,796
Liberty Ventures, Series A (I)	260		19,651
N. Brown Group PLC	922		5,736
Netflix, Inc. (I)	500		94,705
Orbitz Worldwide, Inc. (I)	700		3,997
Overstock.com, Inc. (I)	200		2,464
PetMed Express, Inc.	300		4,025
priceline.com, Inc. (I)	300		206,379
Scroll Corp.	400		1,234
Shutterfly, Inc. (I)	200		8,834
TripAdvisor, Inc. (I)	700		36,764
US Auto Parts Network, Inc. (I)	700		840
Wotif.com Holdings, Ltd.	1,550		7,987
Yoox SpA (I)	691		12,964

			960,635
Leisure Equipment & Products - 0.2%
Ability Enterprise Company, Ltd.	2,000		1,829
Accell Group	148		2,601
Altek Corp.	4,121		2,497
Asia Optical Company, Inc. (I)	5,000		5,113
Brunswick Corp.	800		27,376
Callaway Golf Company	1,000		6,620
Hasbro, Inc. (L)	800		35,152
JAKKS Pacific, Inc.	165		1,731
LeapFrog Enterprises, Inc. (I)	1,000		8,560
Mattel, Inc.	1,637		71,684
Mizuno Corp.	1,000		4,542
Namco Bandai Holdings, Inc.	1,400		24,809
Nikon Corp.	900		21,212
Noritsu Koki Company, Ltd.	100		467
Polaris Industries, Inc. (L)	400		36,996
Roland Corp.	400		3,446
Sankyo Company, Ltd.	400		18,734
Sega Sammy Holdings, Inc.	1,100		22,094
Shimano, Inc.	400		32,758
Smith & Wesson Holding Corp. (I)(L)	1,700		15,300
Steinway Musical Instruments, Inc. (I)	100		2,402
Sturm Ruger & Company, Inc.	300		15,219
Trigano SA (I)	184		2,210
Yamaha Corp.	1,100		10,718

			374,070
Media - 2.1%
Aimia, Inc.	2,100		31,835
Alma Media OYJ	1,123		5,328
Amalgamated Holdings, Ltd.	3,029		25,718


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Media (continued)
AMC Networks, Inc., Class A (I)	525	$	33,170
Antena 3 de Television SA	49		269
APN News & Media, Ltd.	2,128		816
Arbitron, Inc.	100		4,687
Arnoldo Mondadori Editore SpA (I)	2,250		2,698
ASATSU-DK, Inc.	200		5,600
Astral Media, Inc.	600		28,965
Axel Springer AG	261		11,314
Belo Corp., Class A	600		5,898
British Sky Broadcasting
Group PLC, ADR (L)	1,038		55,886
Cablevision Systems Corp., Class A (L)	1,000		14,960
Caltagirone Editore SpA	265		274
CBS Corp.	100		4,633
CBS Corp., Class B	3,194		149,128
Cheil Worldwide, Inc. (I)	640		13,855
Cinemark Holdings, Inc.	1,000		29,440
Cineplex, Inc.	422		14,324
Cineworld Group PLC	2,556		10,838
Clear Channel Outdoor
Holdings, Inc., Class A (I)	500		3,745
Comcast Corp., Class A	13,054		548,399
Comcast Corp., Special Class A	3,584		141,998
Corus Entertainment, Inc.	700		18,026
CTC Media, Inc.	1,500		17,685
CTS Eventim AG	131		4,444
Daily Mail & General Trust PLC	1,678		18,098
Dentsu, Inc.	600		17,952
Digital Generation, Inc. (I)(L)	400		2,572
DIRECTV (I)	2,620		148,318
Discovery Communications, Inc., Class A (I)	800		62,992
Discovery Communications, Inc., Series C (I)	615		42,767
DISH Network Corp., Class A	1,000		37,900
Dish TV India, Ltd. (I)	3,527		4,389
DreamWorks Animation
SKG, Inc., Class A (I)(L)	1,000		18,960
Eniro AB (I)	889		1,593
Entercom
Communications Corp., Class A (I)(L)	700		5,208
Euromoney Institutional Investor PLC	277		4,069
Eutelsat Communications	356		12,560
Fairfax Media, Ltd. (L)	23,506		15,455
Fisher Communications, Inc.	100		3,924
Fuji Television Network, Inc.	5		8,708
Gannett Company, Inc. (L)	2,500		54,675
Glacier Media, Inc.	600		1,122
Gray Television, Inc. (I)	535		2,509
Grupo Televisa SAB, ADR	2,660		70,783
Gruppo Editoriale L’Espresso SpA	2,310		2,117
Hakuhodo DY Holdings, Inc.	210		16,182
Harte-Hanks, Inc.	300		2,337
Havas SA	3,883		24,597
Hurriyet Gazetecilik AS (I)	2,696		1,357
Ilkka-Yhtyma OYJ	259		1,255
IMAX Corp. (I)	300		8,018
Informa PLC	4,324		34,697
IPSOS	285		9,985
ITV PLC	24,940		49,075
Jagran Prakashan, Ltd.	329		561
John Wiley & Sons, Inc., Class A (L)	500		19,480
Johnston Press PLC (I)	3,508		801
Journal Communications, Inc., Class A (I)	1,100		7,392
Kabel Deutschland Holding AG	450		41,494

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Media (continued)
Kinepolis Group NV (I)	53	$	6,655
Lagardere SCA	829		30,546
Lamar Advertising Company, Class A (I)	500		24,305
Liberty Global, Inc., Class A (I)(L)	570		41,838
Liberty Global, Inc., Series C (I)	453		31,089
Liberty Media Corp. (I)	1,005		112,188
LIN TV Corp., Class A (I)	700		7,693
Live Nation Entertainment, Inc. (I)(L)	1,976		24,443
Media General, Inc., Class A (I)	500		2,970
Media Prima BHD	9,700		7,639
Mediaset Espana Comunicacion SA (I)	1,438		10,399
Mediaset SpA	4,833		9,890
Meredith Corp. (L)	500		19,130
Mood Media Corp. (I)	103		104
Morningstar, Inc.	503		35,170
Naspers, Ltd.	1,063		66,221
National CineMedia, Inc.	700		11,046
News Corp., Class A	7,600		231,952
News Corp., Class B	1,994		61,335
NRJ Group	256		1,901
Omnicom Group, Inc.	1,165		68,619
Outdoor Channel Holdings, Inc.	300		2,676
PagesJaunes Groupe (I)	975		2,104
Pearson PLC, ADR (L)	4,443		79,930
Promotora de Informaciones SA (I)	515		149
Publicis Groupe SA	872		58,538
PubliGroupe SA	25		3,786
Quebecor, Inc.	300		12,713
REA Group, Ltd.	226		6,541
Reed Elsevier NV	2,667		45,717
Reed Elsevier PLC, ADR (L)	1,214		57,701
Regal Entertainment Group, Class A	900		15,003
Rightmove PLC	657		17,815
Sanoma OYJ	694		6,383
Schibsted ASA	400		17,866
Scholastic Corp.	400		10,660
Scripps Networks Interactive, Inc., Class A	700		45,038
SES SA	961		30,134
Seven West Media, Ltd.	1,122		2,362
Shaw Communications, Inc., Class B (L)	1,500		37,151
Shochiku Company, Ltd.	1,000		10,253
Singapore Press Holdings, Ltd.	5,000		18,084
Sirius XM Radio, Inc. (L)	7,357		22,660
Sky Network Television, Ltd.	2,275		10,098
SKY Perfect JSAT Holdings, Inc.	16		7,577
Societe Television Francaise 1	400		4,491
Southern Cross Media Group, Ltd.	7,663		12,500
Starz - Liberty Capital (I)	1,005		22,261
STW Communications Group, Ltd.	4,307		6,576
Telegraaf Media Groep NV	304		3,550
Ten Network Holdings, Ltd. (I)	18,724		6,261
The EW Scripps Company, Class A (I)	800		9,624
The Interpublic Group of Companies, Inc.	3,900		50,817
The Madison Square Garden, Inc., Class A (I)	625		36,000
The McGraw-Hill Companies, Inc.	1,000		52,080
The New York Times Company, Class A (I)	1,400		13,720
The Walt Disney Company	10,266		583,109
Thomson Reuters Corp. (L)	1,127		36,566
Time Warner Cable, Inc.	1,640		157,538
Time Warner, Inc.	6,317		363,986
Times Media Group, Ltd. (I)	1,017		1,825
Toho Company, Ltd.	100		2,091
Torstar Corp.	400		2,899


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Media (continued)
Trinity Mirror PLC (I)	1,806	$	2,587
TV Azteca SA de CV	15,400		10,967
TVN SA	1,226		3,590
UBM PLC	2,888		30,932
Valassis Communications, Inc.	200		5,974
Viacom, Inc., Class B	2,300		141,611
Virgin Media, Inc.	1,400		68,558
Vocento SA (I)	703		963
VODone, Ltd.	30,800		2,266
Wolters Kluwer NV	1,825		39,882
Woongjin Thinkbig Company, Ltd. (I)	440		3,450
World Wrestling Entertainment, Inc., Class A	500		4,410
WPP PLC, ADR	1,402		112,328
Zenrin Company, Ltd.	500		6,971
Zon Multimedia Servicos de Telecomunicacoes
e Multimedia SGPS SA	2,647		11,183

			5,075,473
Multiline Retail - 0.6%
Aeon Company BHD	1,500		6,329
Big Lots, Inc. (I)(L)	600		21,162
Canadian Tire Corp., Ltd. (L)	400		28,866
David Jones, Ltd.	5,125		16,005
Debenhams PLC	18,950		23,865
Dillard’s, Inc., Class A (L)	500		39,275
Dollar Tree, Inc. (I)	1,400		67,802
Dollarama, Inc.	362		23,245
Don Quijote Company, Ltd.	200		8,872
El Puerto de Liverpool SAB de CV	1,200		14,719
Family Dollar Stores, Inc.	600		35,430
Fred’s, Inc., Class A (L)	300		4,104
Golden Eagle Retail Group, Ltd.	3,000		5,435
H20 Retailing Corp.	1,000		10,720
Hyundai Department Store Company, Ltd.	96		14,097
Hyundai Greenfood Company, Ltd.	450		6,865
Intime Department Store Group Company, Ltd.	7,000		8,057
Isetan Mitsukoshi Holdings, Ltd.	2,600		37,580
J Front Retailing Company, Ltd.	3,000		23,451
J.C. Penney Company, Inc. (I)(L)	2,000		30,220
Kohl’s Corp.	1,942		89,584
Lojas Renner SA	600		22,352
Lotte Shopping Company, Ltd.	69		24,424
Macy’s, Inc.	2,000		83,680
Marks & Spencer Group PLC	7,943		47,084
Marui Group Company, Ltd.	1,500		15,584
Matsuya Company, Ltd. (I)	500		8,393
Mitra Adiperkasa Tbk PT	6,000		5,628
Myer Holdings, Ltd.	6,514		20,050
New World Department Store China, Ltd.	8,000		4,642
Next PLC	566		37,616
Nordstrom, Inc.	1,300		71,799
Parkson Holdings BHD	5,712		8,677
PCD Stores Group, Ltd.	16,000		2,413
PPR	344		75,734
Ramayana Lestari Sentosa Tbk PT	106,000		15,166
Ripley Corp. SA	7,726		8,848
Saks, Inc. (I)(L)	1,600		18,352
Sears Canada, Inc.	256		2,462
Sears Holdings Corp. (I)(L)	600		29,982
Shinsegae Company, Ltd.	42		8,384
Stockmann OYJ ABP, Series B	271		4,253
Target Corp.	3,500		239,575
The Reject Shop, Ltd.	168		2,927
Tuesday Morning Corp. (I)	900		6,984

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Multiline Retail (continued)
Woolworths Holdings, Ltd.	4,691	$	36,016

			1,316,708
Specialty Retail - 1.6%
Aaron’s, Inc.	650		18,642
ABC-MART, Inc.	100		3,813
Abercrombie & Fitch Company, Class A	600		27,720
Advance Auto Parts, Inc.	500		41,325
Aeropostale, Inc. (I)	697		9,479
America’s Car-Mart, Inc. (I)	200		9,348
American Eagle Outfitters, Inc.	1,879		35,137
ANN, Inc. (I)	300		8,706
Aoyama Trading Company, Ltd.	300		7,679
ARB Corp., Ltd.	509		6,710
Asbury Automotive Group, Inc. (I)	500		18,345
Ascena Retail Group, Inc. (I)	1,600		29,680
Automotive Holdings Group	166		721
AutoNation, Inc. (I)	300		13,125
AutoZone, Inc. (I)	100		39,677
Barnes & Noble, Inc. (I)(L)	1,000		16,450
Bed Bath & Beyond, Inc. (I)	1,092		70,347
Belle International Holdings, Ltd.	17,000		28,455
Best Buy Company, Inc. (L)	3,100		68,665
Best Denki Company, Ltd. (I)	500		1,039
Beter Bed Holding NV	234		4,290
Big 5 Sporting Goods Corp.	400		6,244
Bilia AB	225		4,065
BMTC Group, Inc., Class A (I)	200		2,682
Brown Shoe Company, Inc. (L)	800		12,800
Build-A-Bear Workshop, Inc. (I)	600		3,234
Cabela’s, Inc. (I)(L)	800		48,624
CarMax, Inc. (I)	1,700		70,890
Charles Voegele Holding AG (I)	176		2,986
Chico’s FAS, Inc.	1,500		25,200
Chiyoda Company, Ltd.	200		5,206
Cia Hering	800		14,308
Citi Trends, Inc. (I)	300		3,069
Clas Ohlson AB	376		5,022
Conn’s, Inc. (I)	988		35,469
DCM Holdings Company, Ltd.	1,400		11,701
Delticom AG	67		3,078
Destination Maternity Corp.	200		4,680
Destination XL Group, Inc. (I)	800		4,072
Dick’s Sporting Goods, Inc. (L)	600		28,380
Dickson Concepts International, Ltd.	7,500		4,261
Dixons Retail PLC (I)	27,929		14,374
DSW, Inc., Class A	286		18,247
Dufry Group AG (I)	164		20,370
Dunelm Group PLC	675		8,601
EDION Corp.	500		2,363
Esprit Holdings, Ltd.	10,969		13,205
Etam Developpement SA (I)	97		2,289
Express, Inc. (I)	700		12,467
Fast Retailing Company, Ltd.	200		63,965
Fielmann AG	101		9,326
Foot Locker, Inc.	1,400		47,936
Fourlis Holdings SA (I)	160		363
GameStop Corp., Class A (L)	1,000		27,970
Genesco, Inc. (I)	400		24,036
Giordano International, Ltd.	8,000		7,973
GNC Holdings, Inc., Class A	900		35,352
GOME Electrical
Appliances Holdings, Ltd. (I)	74,000		8,110
Group 1 Automotive, Inc. (L)	491		29,494


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Specialty Retail (continued)
Grupo Elektra SA de CV	125	$	4,958
Guess?, Inc. (L)	800		19,864
Halfords Group PLC	1,000		4,905
Haverty Furniture Companies, Inc.	300		6,168
Hennes & Mauritz AB, B Shares	2,486		89,026
Hibbett Sports, Inc. (I)(L)	400		22,508
Hot Topic, Inc. (L)	1,000		13,880
Howden Joinery Group PLC	6,088		22,155
Inditex SA	970		129,266
JB Hi-Fi, Ltd. (L)	480		7,402
JD Group, Ltd.	2,907		11,009
Jos A. Bank Clothiers, Inc. (I)(L)	300		11,970
JUMBO SA	213		1,518
Kingfisher PLC	12,489		54,741
Kirkland’s, Inc. (I)	500		5,730
Kohnan Shoji Company, Ltd.	300		3,862
L Brands, Inc.	1,000		44,660
Leon’s Furniture, Ltd.	300		3,632
Lewis Group, Ltd.	1,301		9,146
Lowe’s Companies, Inc.	7,489		283,983
MarineMax, Inc. (I)	200		2,718
Mobilezone Holding AG	918		9,381
Monro Muffler Brake, Inc. (L)	300		11,913
New York & Company, Inc. (I)	200		818
Nishimatsuya Chain Company, Ltd.	100		811
Nitori Holdings Company, Ltd.	50		3,864
O’Reilly Automotive, Inc. (I)	900		92,295
OfficeMax, Inc.	1,000		11,610
OSIM International, Ltd.	1,000		1,610
Paris Miki, Inc.	800		4,344
Pendragon PLC (I)	26,477		9,154
Penske Automotive Group, Inc. (L)	1,200		40,032
PetSmart, Inc.	700		43,470
Pier 1 Imports, Inc. (L)	900		20,700
Point, Inc.	250		12,366
Praktiker AG (I)	838		1,220
Premier Investments, Ltd.	906		8,103
RadioShack Corp. (I)(L)	1,730		5,813
Reitmans Canada, Ltd., Class A (L)	500		5,084
Rent-A-Center, Inc.	500		18,470
RONA, Inc.	1,300		14,307
Ross Stores, Inc.	1,600		96,992
Sally Beauty Holdings, Inc. (I)(L)	1,109		32,582
Select Comfort Corp. (I)	500		9,885
Shoe Carnival, Inc.	450		9,198
Signet Jewelers, Ltd.	876		58,692
Sonic Automotive, Inc., Class A	600		13,296
Stage Stores, Inc.	500		12,940
Staples, Inc.	6,225		83,602
Stein Mart, Inc.	700		5,866
Super Cheap Auto Group, Ltd.	1,220		15,727
Super Group, Ltd. (I)	7,139		18,865
Systemax, Inc.	700		6,930
The Buckle, Inc. (L)	350		16,328
The Cato Corp., Class A (L)	400		9,656
The Children’s Place Retail Stores, Inc. (I)	200		8,964
The Finish Line, Inc., Class A	300		5,877
The Foschini Group, Ltd.	1,414		17,345
The Gap, Inc.	1,328		47,011
The Home Depot, Inc.	10,004		698,079
The Men’s Wearhouse, Inc. (L)	600		20,052
The Pep Boys - Manny, Moe & Jack (I)(L)	1,100		12,969
The Wet Seal, Inc., Class A (I)	2,000		6,040

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Specialty Retail (continued)
Thorn Group, Ltd.	3,594	$	7,725
Tiffany & Company (L)	700		48,678
TJX Companies, Inc.	2,830		132,303
Tractor Supply Company	400		41,652
Truworths International, Ltd.	2,007		19,690
Ulta Salon Cosmetics & Fragrance, Inc. (I)	356		28,897
Urban Outfitters, Inc. (I)	800		30,992
Valora Holding AG	66		13,486
Vitamin Shoppe, Inc. (I)(L)	300		14,655
West Marine, Inc. (I)	300		3,429
WH Smith PLC	730		8,294
Williams-Sonoma, Inc.	600		30,912
Yamada Denki Company, Ltd. (L)	430		19,725
Zale Corp. (I)	300		1,179

			3,778,744
Textiles, Apparel & Luxury Goods - 0.7%
361 Degrees International, Ltd.	9,000		2,625
Adidas AG	972		100,926
Anta Sports Products, Ltd.	1,000		858
Asics Corp.	1,000		16,550
Billabong International, Ltd. (I)(L)	6,621		5,029
Bosideng International Holdings, Ltd.	32,000		9,944
Burberry Group PLC	1,623		32,805
Carter’s, Inc. (I)	800		45,816
China Dongxiang Group Company	27,000		4,177
Christian Dior SA	189		31,408
Cie Financiere Richemont SA	1,933		151,955
Coach, Inc.	1,300		64,987
Columbia Sportswear Company (L)	400		23,152
Crocs, Inc. (I)	900		13,338
Daphne International Holdings, Ltd.	10,000		12,582
Deckers Outdoor Corp. (I)(L)	400		22,276
Fila Korea, Ltd.	67		3,862
Fossil, Inc. (I)	407		39,316
G-III Apparel Group, Ltd. (I)(L)	200		8,022
Geox SpA	1,356		3,788
Gerry Weber International AG	118		5,155
Gildan Activewear, Inc.	600		23,939
Grendene SA	1,900		20,140
Gunze, Ltd.	3,000		7,787
Handsome Company, Ltd.	150		3,915
Hanesbrands, Inc. (I)	800		36,448
Hermes International SA	30		10,419
IC Companys A/S	52		1,201
Iconix Brand Group, Inc. (I)	200		5,174
Japan Wool Textile Company, Ltd.	1,000		7,749
Kurabo Industries, Ltd.	3,000		5,625
LG Fashion Corp.	100		2,713
Li Ning Company, Ltd. (I)	5,000		2,950
LPP SA	4		6,938
Lululemon Athletica, Inc. (I)(L)	664		41,400
Luxottica Group SpA	390		19,589
Luxottica Group SpA, ADR	10		503
LVMH Moet Hennessy Louis Vuitton SA	682		117,165
Maidenform Brands, Inc. (I)	400		7,012
Makalot Industrial Company, Ltd.	1,000		3,749
Ming Fung Jewellery Group, Ltd. (I)	90,000		3,608
Movado Group, Inc.	300		10,056
New Wave Group AB	1,015		5,679
NG2 SA	20		435
NIKE, Inc., Class B	2,756		162,632
Onward Holdings Company, Ltd.	1,000		8,986
Oxford Industries, Inc.	100		5,310


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Textiles, Apparel & Luxury Goods (continued)
Peak Sport Products Company, Ltd.	8,000	$	1,311
Perry Ellis International, Inc.	200		3,638
Ports Design, Ltd.	2,500		2,098
Pou Chen Corp.	11,596		12,399
PVH Corp.	772		82,457
Quiksilver, Inc. (I)	1,800		10,926
Ralph Lauren Corp.	300		50,793
RG Barry Corp.	344		4,606
Ruentex Industries, Ltd.	730		1,691
Safilo Group SpA (I)	447		6,081
Sanyo Shokai, Ltd.	1,000		3,173
Seiko Holdings Corp.	1,000		4,756
Seiren Company, Ltd.	500		3,222
Shinkong Textile Company, Ltd.	1,000		1,281
Skechers U.S.A., Inc., Class A (I)	400		8,460
Stella International Holdings, Ltd.	4,000		12,016
Steven Madden, Ltd. (I)	450		19,413
Taiwan Paiho, Ltd.	3,210		2,015
Texhong Textile Group, Ltd.	12,000		11,413
The Jones Group, Inc. (L)	1,300		16,536
The Swatch Group AG	69		7,009
The Swatch Group AG (Bearer Shares)	111		64,626
Tod’s SpA	46		6,601
True Religion Apparel, Inc.	400		10,444
TSI Holdings Company, Ltd.	1,000		5,799
Under Armour, Inc., Class A (I)	350		17,920
Unifi, Inc. (I)	466		8,901
Unitika, Ltd. (I)	1,000		555
Van de Velde NV (I)	98		4,303
Vera Bradley, Inc. (I)(L)	400		9,452
VF Corp.	361		60,558
Wacoal Holdings Corp.	1,000		10,838
Weiqiao Textile Company, H Shares	11,000		6,142
XTEP International Holdings	14,500		5,625
Youngone Holdings Company, Ltd.	130		8,820
Yue Yuen Industrial Holdings, Ltd.	4,000		13,072

			1,618,643

			22,471,344
Consumer Staples - 6.2%
Beverages - 1.2%
A.G.Barr PLC	2,037		16,881
Anadolu Efes Biracilik Ve Malt Sanayii AS	846		13,563
Anheuser-Busch InBev NV	2,015		199,711
Arca Continental SAB de CV	2,239		16,774
Asahi Group Holdings, Ltd.	1,100		26,338
Baron de Ley SA (I)	66		4,208
Beam, Inc.	1,405		89,274
Britvic PLC	1,286		8,688
Brown-Forman Corp., Class B	675		48,195
C&C Group PLC	2,122		13,804
Carlsberg A/S	401		39,114
Central European Distribution Corp. (I)(L)	400		134
Cia Cervecerias Unidas SA, ADR	567		18,756
Coca Cola Hellenic
Bottling Company S.A.,ADR	1,000		26,760
Coca-Cola Amatil, Ltd.	2,260		34,365
Coca-Cola Bottling Company Consolidated	100		6,032
Coca-Cola Enterprises, Inc.	2,700		99,684
Coca-Cola Femsa SAB de CV, ADR (L)	140		22,928
Coca-Cola West Company, Ltd.	700		12,208
Companhia de Bebidas das Americas, ADR	2,000		84,660
Constellation Brands, Inc., Class A (I)	2,001		95,328

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Beverages (continued)
Cott Corp.	800	$	8,080
Crimson Wine Group, Ltd. (I)	221		2,055
Davide Campari Milano SpA	2,064		16,085
Diageo PLC, ADR (L)	1,505		189,389
Dr. Pepper Snapple Group, Inc.	1,300		61,035
Fomento Economico Mexicano SAB
de CV, ADR	600		68,100
Grupo Modelo SAB de CV	1,300		11,781
Guinness Anchor BHD	1,000		5,939
Heineken NV	837		63,182
Hey Song Corp.	2,000		2,621
Hite Jinro Company, Ltd.	291		8,516
Hitejinro Holdings Company, Ltd.	51		775
ITO EN, Ltd.	400		9,673
Kirin Holdings Company, Ltd.	3,000		48,332
Laurent-Perrier SA	19		1,491
Lotte Chilsung Beverage Company, Ltd.	10		13,475
Mikuni Coca-Cola Bottling Company, Ltd.	1,000		10,216
Molson Coors Brewing Company, Class B	1,400		68,502
Monster Beverage Corp. (I)	1,000		47,740
National Beverage Corp.	651		9,147
Olvi OYJ	100		2,732
PepsiCo, Inc.	6,334		501,083
Pernod-Ricard SA	632		78,836
Remy Cointreau SA	197		22,779
Royal Unibrew A/S	164		14,603
SABMiller PLC	2,908		153,152
Sapporo Holdings, Ltd.	2,000		8,518
The Coca-Cola Company	14,758		596,814
Treasury Wine Estates, Ltd.	2,862		17,041
Tsingtao Brewery Company, Ltd., H Shares	2,000		12,701
United Spirits, Ltd.	763		26,702
Vina Concha y Toro SA, ADR	300		11,700

			2,970,200
Food & Staples Retailing - 1.4%
Aeon Company, Ltd.	1,900		24,598
Alimentation Couche Tard, Inc.	600		32,521
Arcs Company, Ltd.	500		11,212
Axfood AB	100		4,070
BIM Birlesik Magazalar AS	412		20,094
Booker Group PLC	1,351		2,501
Carrefour SA	2,897		79,579
Casey’s General Stores, Inc. (L)	400		23,320
Casino Guichard Perrachon SA	268		28,178
Cencosud SA	3,656		22,719
China Resources Enterprises, Ltd.	4,000		11,880
Cia Brasileira de Distribuicao Grupo Pao de
Acucar, ADR	500		26,640
Clicks Group, Ltd.	2,382		15,034
Colruyt SA	325		15,722
Costco Wholesale Corp.	1,800		190,998
CP ALL PCL	5,600		8,749
CVS Caremark Corp.	6,742		370,743
Delhaize Group (L)	495		27,022
Distribuidora Internacional
de Alimentacion SA	2,447		16,940
E-Mart Company, Ltd.	121		23,867
Emperia Holding SA	170		3,014
Empire Company, Ltd.	200		13,024
Eurocash SA	556		9,074
FamilyMart Company, Ltd.	300		13,714
George Weston, Ltd.	200		14,870
Greggs PLC	350		2,539


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Food & Staples Retailing (continued)
Hakon Invest AB (I)	156	$	4,014
Harashin Narus Holdings Company, Ltd.	400		7,417
Harris Teeter Supermarkets, Inc.	400		17,084
Heng Tai Consumables Group, Ltd. (I)	7,875		168
Inageya Company, Ltd.	200		2,139
Ingles Markets, Inc., Class A	100		2,148
Izumiya Company, Ltd.	1,000		5,270
J Sainsbury PLC	5,822		33,506
Jeronimo Martins SGPS SA	839		16,337
Kesko OYJ, B Shares	469		14,663
Koninklijke Ahold NV	4,990		76,514
Lawson, Inc.	300		23,047
Lianhua Supermarket Holdings Company, Ltd.,
H Shares	5,000		3,992
Liquor Stores N.A., Ltd.	149		2,668
Loblaw Companies, Ltd.	500		21,037
Massmart Holdings, Ltd.	579		11,980
Matsumotokiyoshi Holdings Company, Ltd.	500		14,324
Metcash, Ltd.	4,536		19,607
Metro AG	661		18,798
Metro, Inc.	500		31,328
Nash Finch Company	200		3,916
Organizacion Soriana SAB de CV, Series B	5,100		19,937
Pick’n Pay Stores, Ltd.	1,977		9,162
President Chain Store Corp.	2,000		10,976
Pricesmart, Inc. (L)	300		23,349
Raia Drogasil SA	1,300		13,857
Rallye SA	382		14,030
Safeway, Inc.	2,000		52,700
Seven & I Holdings Company, Ltd.	2,500		82,911
Shoppers Drug Mart Corp.	1,116		47,756
Shoprite Holdings, Ltd.	1,492		29,669
Shufersal, Ltd.	1,097		3,391
Sligro Food Group NV	122		3,872
Spartan Stores, Inc.	200		3,510
Susser Holdings Corp. (I)(L)	200		10,222
Sysco Corp.	2,459		86,483
Taiwan TEA Corp.	18,218		10,552
Tesco PLC	25,933		150,776
The Andersons, Inc.	300		16,056
The Fresh Market, Inc. (I)	200		8,554
The Kroger Company	2,040		67,606
The Pantry, Inc. (I)	300		3,741
The Spar Group, Ltd.	1,244		15,378
Tsuruha Holdings, Inc.	100		9,770
United Natural Foods, Inc. (I)	500		24,600
UNY Company, Ltd.	1,000		7,795
Valor Company, Ltd.	500		9,567
Wal-Mart de Mexico SAB de CV	12,014		39,218
Wal-Mart Stores, Inc.	7,655		572,824
Walgreen Company	4,220		201,210
Weis Markets, Inc.	300		12,210
Wesfarmers, Ltd.	4,414		185,282
Whole Foods Market, Inc.	700		60,725
WM Morrison Supermarkets PLC	12,393		52,047
Woolworths, Ltd.	3,379		119,264
X5 Retail Group NV, GDR (I)	473		7,953
Yokohama Reito Company, Ltd.	1,000		9,611

			3,339,143
Food Products - 1.8%
AarhusKarlshamn AB	127		6,414
Afgri, Ltd.	8,620		5,016
Ajinomoto Company, Inc.	2,000		29,410

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Food Products (continued)
Alico, Inc.	100	$	4,625
Archer-Daniels-Midland Company	4,059		136,910
Aryzta AG	591		34,920
Asian Bamboo AG (L)	217		1,168
Asian Citrus Holdings, Ltd.	1,000		516
Associated British Foods PLC	1,953		56,435
Astra Agro Lestari Tbk PT	2,000		3,816
Astral Foods, Ltd.	425		4,354
Atria PLC	525		4,486
Austevoll Seafood ASA	935		5,685
AVI, Ltd.	4,242		24,788
B&G Foods, Inc.	100		3,049
Bakrie Sumatera Plantations Tbk PT	124,000		1,265
Barry Callebaut AG	15		14,476
Binggrae Company, Ltd.	108		12,808
Bisi International PT	47,500		4,218
Bonduelle SCA	240		6,067
Bongrain SA	43		2,825
Boulder Brands, Inc. (I)(L)	1,172		10,525
BRF - Brasil Foods SA, ADR	2,654		58,680
Bunge, Ltd.	1,500		110,745
Calavo Growers, Inc.	300		8,634
Campbell Soup Company (L)	1,544		70,036
Campofrio Food Group SA (I)	204		1,220
Chaoda Modern Agriculture Holdings, Ltd. (I)	28,480		1,566
Charoen Pokphand Foods PCL	9,600		10,818
Charoen Pokphand Indonesia Tbk PT	44,500		23,149
China Agri-Industries Holdings, Ltd.	13,000		6,702
China Foods, Ltd.	6,000		3,424
China Green Holdings, Ltd. (I)	3,000		518
China Huiyuan Juice Group, Ltd. (I)	11,000		5,520
China Mengniu Dairy Company, Ltd.	8,000		23,045
China Yurun Food Group, Ltd. (I)	10,000		6,894
CJ CheilJedang Corp.	55		16,907
ConAgra Foods, Inc.	2,600		93,106
Copeinca ASA	560		5,803
CSM NV	366		7,752
Dairy Crest Group PLC	1,305		8,521
Danone SA	1,531		106,671
Darling International, Inc. (I)(L)	1,200		21,552
DE Master Blenders 1753 NV (I)	2,200		34,023
Dean Foods Company (I)	2,300		41,699
Deoleo SA (I)	2,018		674
Diamond Foods, Inc. (I)(L)	300		5,058
Dydo Drinco, Inc.	100		4,781
East Asiatic Company, Ltd. A/S (I)	298		5,147
Ebro Foods SA	866		17,230
Elders, Ltd. (I)	1,707		214
Empresas Iansa SA	65,744		4,933
Flowers Foods, Inc.	1,450		47,763
Fresh Del Monte Produce, Inc.	538		14,515
Fuji Oil Company, Ltd.	400		6,176
General Mills, Inc.	2,600		128,206
Genting Plantations BHD	2,500		6,935
Glanbia PLC (Dublin Exchange)	1,295		15,376
Global Bio-Chem Technology
Group Company, Ltd.	14,000		1,211
Golden Agri-Resources, Ltd.	35,000		16,403
Goodman Fielder, Ltd. (I)	25,003		18,539
GrainCorp., Ltd.	1,190		14,483
Green Mountain Coffee Roasters, Inc. (I)(L)	950		53,922
Greencore Group PLC	975		1,567
Gruma SAB de CV, ADR (I)	200		3,512


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Food Products (continued)
Grupo Bimbo SAB de CV	7,300	$	23,328
Grupo Herdez SAB de CV	2,700		9,927
Grupo Nutresa SA	700		9,968
Hillshire Brands Company	440		15,466
Hormel Foods Corp. (L)	1,394		57,600
House Food Corp.	500		8,698
Illovo Sugar, Ltd.	1,857		6,423
Indofood Agri Resources, Ltd.	4,000		3,987
Indofood Sukses Makmur Tbk PT	31,000		23,745
Industrias Bachoco SAB de CV, ADR	383		12,298
Ingredion, Inc.	700		50,624
IOI Corp. BHD	11,153		16,795
J&J Snack Foods Corp.	190		14,609
Japfa Comfeed Indonesia Tbk PT (I)	4,000		3,905
JBS SA (I)	2,900		9,744
Kagome Company, Ltd.	200		3,801
Kameda Seika Company, Ltd.	400		10,828
Keck Seng Malaysia BHD	2,700		4,501
Kellogg Company	928		59,791
Kernel Holding SA (I)	123		2,234
Kerry Group PLC	639		38,096
Kewpie Corp.	900		12,845
KEY Coffee, Inc.	300		4,918
Kikkoman Corp.	1,000		17,495
Kraft Foods Group, Inc.	2,841		146,397
Kuala Lumpur Kepong BHD	1,300		8,709
KWS Saat AG	30		10,698
Lancaster Colony Corp.	200		15,400
Lifeway Foods, Inc. (L)	200		2,780
Lotte Confectionery Company, Ltd.	5		7,935
M Dias Branco SA	300		11,951
Maple Leaf Foods, Inc.	1,300		17,583
Marfrig Alimentos SA (I)	1,000		4,068
Marine Harvest ASA (I)	21,345		19,862
Marudai Food Company, Ltd.	2,000		6,813
Maruha Nichiro Holdings, Inc.	3,000		5,754
Mayora Indah Tbk PT	5,000		13,961
McCormick & Company, Inc., Non-
Voting Shares (L)	800		58,840
Mead Johnson Nutrition Company	800		61,960
Megmilk Snow Brand Company, Ltd.	500		7,926
Mondelez International, Inc., Class A	8,525		260,950
Morinaga Milk Industry Company, Ltd.	3,000		9,257
Namyang Dairy Products Company, Ltd.	12		11,548
Nestle India, Ltd.	107		9,087
Nestle Malaysia BHD	400		7,843
Nestle SA	9,400		680,053
NICHIREI Corp.	2,000		11,977
Nippon Flour Mills Company, Ltd.	1,000		4,561
Nippon Meat Packers, Inc.	1,000		16,177
Nippon Suisan Kaisha, Ltd.	1,200		2,328
Nisshin Oillio Group, Ltd.	2,000		7,345
Nisshin Seifun Group, Inc.	1,500		19,828
Nissin Food Products Company, Ltd.	300		13,787
NongShim Company, Ltd.	25		6,910
Nutreco Holding NV	199		18,303
Oceanus Group, Ltd. (I)	21,000		988
Orion Corp.	21		20,593
Orkla ASA	4,826		38,719
Osem Investments, Ltd.	13		249
Parmalat SpA	324		827
Perusahaan Perkebunan London Sumatra
Indonesia Tbk PT	13,500		2,686

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Food Products (continued)
Pilgrim’s Pride Corp. (I)(L)	2,656	$	24,409
Pioneer Foods, Ltd.	1,044		8,127
Post Holdings, Inc. (I)	300		12,879
PPB Group BHD	2,500		10,200
Premier Foods PLC (I)	5,155		6,297
REI Agro, Ltd.	10,562		1,994
Ridley Corp., Ltd.	3,902		3,776
Sampoerna Agro Tbk PT	18,000		3,890
Samyang Holdings Corp.	135		8,427
Sanderson Farms, Inc.	200		10,924
Sao Martinho SA	500		7,027
Saputo, Inc.	500		25,388
Seneca Foods Corp., Class A (I)	200		6,604
Shenguan Holdings Group, Ltd.	8,000		4,157
Sipef SA	36		2,916
SLC Agricola SA	200		1,829
Smithfield Foods, Inc. (I)	1,200		31,776
Snyders-Lance, Inc.	900		22,734
Tata Global Beverages, Ltd.	3,900		9,168
Tate & Lyle PLC	2,335		30,208
The Hain Celestial Group, Inc. (I)(L)	500		30,540
The Hershey Company	600		52,518
The J.M. Smucker Company	1,000		99,160
Tiger Brands, Ltd.	908		29,031
Tingyi Cayman Islands Holding Corp.	10,000		26,038
Tongaat Hulett, Ltd.	519		8,097
TreeHouse Foods, Inc. (I)	200		13,030
Tyson Foods, Inc., Class A	2,900		71,978
Uni-President Enterprises Corp.	15,107		28,639
Unilever NV	4,041		165,658
Unilever PLC, ADR (L)	3,146		132,887
Viscofan SA	232		12,185
Vitasoy International Holdings, Ltd.	2,000		2,259
Want Want China Holdings, Ltd.	27,000		41,425
Wilmar International, Ltd.	7,000		19,529
Yakult Honsha Company, Ltd.	300		12,102
Yamazaki Baking Company, Ltd.	1,000		13,188

			4,364,679
Household Products - 0.8%
Central Garden & Pet Company (I)	400		3,448
Central Garden & Pet Company, Class A (I)	300		2,466
Church & Dwight Company, Inc.	1,000		64,630
Colgate-Palmolive Company	1,828		215,759
Energizer Holdings, Inc.	500		49,865
Henkel AG & Company, KGaA	449		35,455
Hindustan Unilever, Ltd.	1,743		14,965
Kimberly-Clark Corp.	1,600		156,768
Kimberly-Clark de Mexico SAB de CV	9,000		31,426
LG Household & Health Care, Ltd.	26		14,302
Lion Corp.	1,000		5,575
McBride PLC	3,988		7,218
NVC Lighting Holdings, Ltd.	3,000		693
PZ Cussons PLC	1,458		8,952
Reckitt Benckiser Group PLC	1,506		108,064
Spectrum Brands Holdings, Inc.	600		33,954
The Clorox Company	600		53,118
The Procter & Gamble Company	14,877		1,146,422
Unicharm Corp.	200		11,428
Vinda International Holdings, Ltd.	3,000		4,282
WD-40 Company	94		5,148

			1,973,938


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Personal Products - 0.3%
Aderans Company, Ltd.	200	$	3,403
Amorepacific Corp.	14		11,787
AMOREPACIFIC Group	43		15,687
Atrium Innovations, Inc. (I)	65		771
Avon Products, Inc.	2,200		45,606
Beiersdorf AG	429		39,631
Blackmores, Ltd.	69		2,183
Colgate-Palmolive India, Ltd.	468		10,738
Dabur India, Ltd.	4,276		10,843
Elizabeth Arden, Inc. (I)	300		12,075
Fancl Corp.	300		3,311
Gillette India, Ltd.	134		4,982
Hengan International Group Company, Ltd.	3,000		29,338
Herbalife, Ltd. (L)	600		22,470
Hypermarcas SA (I)	1,400		11,092
Inter Parfums, Inc.	500		12,215
Jinchuan Group International
Resources Company, Ltd. (I)	7,000		1,444
Kao Corp.	1,600		51,840
Kobayashi Pharmaceutical Company, Ltd.	200		9,731
Kose Corp.	200		4,653
L’Oreal SA	506		80,287
Natura Cosmeticos SA	600		14,442
Nu Skin Enterprises, Inc., Class A (L)	700		30,940
Nutraceutical International Corp.	300		5,205
Prestige Brands Holdings, Inc. (I)	1,300		33,397
Procter & Gamble Hygiene &
Health Care, Ltd.	55		2,565
Revlon, Inc., Class A (I)	600		13,416
Shiseido Company, Ltd.	1,400		19,664
The Estee Lauder Companies, Inc., Class A	1,000		64,030
USANA Health Sciences, Inc. (I)	200		9,666

			577,412
Tobacco - 0.7%
Alliance One International, Inc. (I)	2,600		10,114
Altria Group, Inc.	7,764		267,004
British American Tobacco Malaysia BHD	800		16,152
British American Tobacco PLC, ADR (L)	2,442		261,416
Gudang Garam Tbk PT	2,000		10,105
Imperial Tobacco Group PLC	2,651		92,820
Imperial Tobacco Group, ADR	219		15,330
ITC, Ltd.	6,318		36,042
Japan Tobacco, Inc.	2,600		83,215
KT&G Corp.	357		24,213
Lorillard, Inc.	1,500		60,525
Philip Morris International, Inc.	7,527		697,828
Reynolds American, Inc.	1,500		66,735
Souza Cruz SA	1,300		19,100
Swedish Match AB	675		20,974
Universal Corp. (L)	150		8,406
Vector Group, Ltd. (L)	1,226		19,763

			1,709,742

			14,935,114
Energy - 7.2%
Energy Equipment & Services - 1.1%
Aker ASA, Series A	250		9,376
Aker Solutions ASA	700		13,084
AMEC PLC	1,953		31,364
Archer, Ltd. (I)	243		218
Atwood Oceanics, Inc. (I)	600		31,524
Baker Hughes, Inc.	2,588		120,109

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Energy Equipment & Services (continued)
Basic Energy Services, Inc. (I)(L)	600	$	8,202
BGR Energy Systems, Ltd.	542		1,996
Bourbon SA	210		5,813
Bristow Group, Inc.	400		26,376
BW Offshore, Ltd.	2,640		2,787
Calfrac Well Services, Ltd.	200		5,373
Cameron International Corp. (I)	1,100		71,720
Canyon Services Group, Inc.	650		7,115
China Oilfield Services, Ltd., H Shares	10,000		20,997
Cie Generale de Geophysique-Veritas (I)	928		20,874
Compagnie Generale de Geophysique-
Veritas, ADR	435		9,788
Core Laboratories NV	83		11,447
Dawson Geophysical Company (I)	200		6,000
Diamond Offshore Drilling, Inc. (L)	1,200		83,472
DOF ASA (I)(L)	400		1,651
Dresser-Rand Group, Inc. (I)	600		36,996
Dril-Quip, Inc. (I)	300		26,151
Enerflex, Ltd.	500		6,851
Exterran Holdings, Inc. (I)(L)	1,200		32,400
Farstad Shipping ASA	96		2,112
FMC Technologies, Inc. (I)	1,300		70,707
Fred Olsen Energy ASA	80		3,437
Fugro NV	504		28,007
Gulf Island Fabrication, Inc.	100		2,106
Gulfmark Offshore, Inc., Class A	400		15,584
Halliburton Company	4,800		193,968
Heckmann Corp. (I)(L)	1,600		6,864
Helix Energy Solutions Group, Inc. (I)	900		20,592
Helmerich & Payne, Inc. (L)	1,100		66,770
Hornbeck Offshore Services, Inc. (I)(L)	600		27,876
Hunting PLC	1,178		15,916
Integra Group Holdings, GDR (I)	532		200
ION Geophysical Corp. (I)	1,500		10,215
John Wood Group PLC	2,377		31,460
Key Energy Services, Inc. (I)	1,400		11,312
KNM Group BHD (I)	6,100		947
Kvaerner ASA	700		1,456
Lamprell PLC	243		486
Lufkin Industries, Inc. (L)	400		26,556
Matrix Service Company (I)	500		7,450
McDermott International, Inc. (I)	1,600		17,584
Modec, Inc.	100		3,024
Nabors Industries, Ltd.	2,700		43,794
National Oilwell Varco, Inc.	2,601		184,021
Natural Gas Services Group, Inc. (I)	100		1,926
Newpark Resources, Inc. (I)(L)	1,011		9,382
Noble Corp.	1,023		39,027
North American Energy Partners, Inc. (I)	700		3,170
Oceaneering International, Inc.	800		53,128
Oil States International, Inc. (I)	500		40,785
Parker Drilling Company (I)	2,500		10,700
Pason Systems, Inc.	600		10,466
Patterson-UTI Energy, Inc. (L)	1,500		35,760
Petrofac, Ltd.	1,116		24,317
Petroleum Geo-Services ASA	1,029		15,940
Pioneer Energy Services Corp. (I)	900		7,425
Precision Drilling Corp.	1,800		16,638
ProSafe SE	1,104		10,731
RigNet, Inc. (I)	200		4,988
Rowan Companies PLC, Class A (I)	1,100		38,896
RPC, Inc.	1,650		25,031
Saipem SpA	1,231		37,937


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Energy Equipment & Services (continued)
Sapurakencana Petroleum BHD (I)	11,469	$	11,114
Savanna Energy Services Corp.	400		2,697
SBM Offshore NV (I)	691		11,445
Schlumberger, Ltd.	6,129		459,001
Schoeller-Bleckmann Oilfield Equipment AG	46		4,599
Seadrill, Ltd.	907		33,004
Sevan Marine ASA (I)	512		1,622
Shawcor Ltd.	500		21,199
Shinko Plantech Company, Ltd.	700		5,659
Siem Offshore, Inc. (I)	1,271		1,621
Songa Offshore SE (I)	1,579		1,548
Steel Excel, Inc. (I)	150		4,071
Subsea 7 SA	1,520		35,656
Superior Energy Services, Inc. (I)	1,006		26,126
Swiber Holdings, Ltd.	6,000		3,247
Technip SA	523		53,653
Tecnicas Reunidas SA	207		9,733
Tenaris SA, ADR (L)	942		38,415
Tesco Corp. (I)	200		2,678
Tidewater, Inc. (L)	600		30,300
TMK OAO, GDR	600		7,173
Total Energy Services, Inc.	400		5,591
Trican Well Service, Ltd.	900		13,201
Unit Corp. (I)	500		22,775
Weatherford International, Ltd. (I)	5,000		60,700
Willbros Group, Inc. (I)	600		5,892
WorleyParsons, Ltd.	854		22,038

			2,665,133
Oil, Gas & Consumable Fuels - 6.1%
Adaro Energy Tbk PT	67,000		9,052
Advantage Oil & Gas, Ltd. (I)	1,400		5,182
Afren PLC (I)	4,344		9,371
Alon USA Energy, Inc.	1,100		20,955
Alpha Natural Resources, Inc. (I)(L)	2,153		17,676
AltaGas, Ltd.	700		24,056
Anadarko Petroleum Corp.	3,300		288,585
Apache Corp.	2,300		177,468
Approach Resources, Inc. (I)(L)	400		9,844
Aquila Resources, Ltd. (I)	871		1,799
ARC Resources, Ltd. (L)	1,233		32,577
Arch Coal, Inc.	1,300		7,059
Aurora Oil and Gas, Ltd. (I)	2,460		8,476
AWE, Ltd. (I)	6,149		8,326
Bangchak Petroleum PCL	6,900		8,482
Bankers Petroleum, Ltd. (I)	700		1,840
Banpu PCL	700		9,011
Bayan Resources Tbk PT	1,500		1,204
Baytex Energy Corp.	438		18,355
Beach Energy, Ltd.	27,483		40,512
Bellatrix Exploration, Ltd. (I)	2,700		17,382
Berry Petroleum Company, Class A	500		23,145
BG Group PLC	11,036		189,453
Bharat Petroleum Corp., Ltd.	1,270		8,805
Bill Barrett Corp. (I)(L)	700		14,189
BlackPearl Resources, Inc. (I)	1,800		4,129
Bonavista Energy Corp. (L)	600		8,824
Bonheur ASA	169		3,961
BP PLC, ADR	10,081		426,930
Brightoil Petroleum Holdings Ltd (I)	17,000		3,223
Bumi Resources Tbk PT	59,500		4,231
Cabot Oil & Gas Corp.	1,900		128,459
Cairn Energy PLC (I)	3,753		15,575
Cairn India, Ltd.	1,480		7,466

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels (continued)
Callon Petroleum Company (I)	600	$	2,220
Caltex Australia, Ltd.	761		16,999
Calvalley Petroleums, Inc. (I)	325		672
Cameco Corp. (L)	2,100		43,577
Canadian Natural Resources, Ltd.	4,150		133,057
Canadian Oil Sands, Ltd.	1,531		31,559
Carrizo Oil & Gas, Inc. (I)(L)	400		10,308
CCX Carvao da Colombia SA (I)	600		1,078
Cenovus Energy, Inc.	2,056		63,673
Cheniere Energy, Inc. (I)	1,500		42,000
Chennai Petroleum Corp., Ltd.	742		1,678
Chesapeake Energy Corp. (L)	4,400		89,804
Chevron Corp.	12,747		1,514,599
China Aviation Oil Singapore Corp., Ltd.	2,000		1,744
China Coal Energy Company, Ltd., H Shares	29,000		26,005
China Petroleum & Chemical Corp., ADR	719		84,065
China Qinfa Group, Ltd.	4,000		475
China Shenhua Energy Company, Ltd.,
H Shares	11,000		39,877
Chinook Energy, Inc. (I)	716		811
Cimarex Energy Company	800		60,352
Clayton Williams Energy, Inc. (I)(L)	300		13,119
Clean Energy Fuels Corp. (I)(L)	1,082		14,066
Cloud Peak Energy, Inc. (I)(L)	700		13,146
CNOOC, Ltd.	2,000		3,828
CNOOC, Ltd., ADR	568		108,772
Cobalt International Energy, Inc. (I)	1,100		31,020
Cockatoo Coal, Ltd. (I)	8,818		615
Comstock Resources, Inc. (I)	600		9,750
Concho Resources, Inc. (I)	1,100		107,173
Connacher Oil and Gas, Ltd. (I)	1,300		198
ConocoPhillips	7,097		426,530
CONSOL Energy, Inc.	1,900		63,935
Continental Resources, Inc. (I)(L)	300		26,079
Corridor Resources, Inc. (I)	1,200		803
Cosan SA Industria e Comercio	700		15,644
Cosmo Oil Company, Ltd. (I)	4,000		8,419
Crescent Point Energy Corp. (L)	800		30,201
Crew Energy, Inc. (I)	300		2,117
Crosstex Energy, Inc.	511		9,842
CVR Energy, Inc.	1,100		0
Dart Energy, Ltd. (I)	4,100		451
Delek US Holdings, Inc.	336		13,259
Delta Dunia Makmur Tbk PT (I)	65,000		1,412
Denbury Resources, Inc. (I)	3,423		63,839
Devon Energy Corp. (L)	2,300		129,766
DNO International ASA (I)	4,000		6,949
Dragon Oil PLC	2,521		24,754
Ecopetrol SA, ADR (L)	500		27,260
Empresas COPEC SA	1,573		22,849
Enbridge Income Fund Holdings, Inc.	400		9,986
Enbridge, Inc. (L)	2,068		96,290
EnCana Corp.	2,056		39,993
Energen Corp.	700		36,407
Energi Mega Persada Tbk PT (I)	260,500		2,687
Energy Resources of Australia, Ltd. (I)	1,102		1,537
Energy XXI Bermuda, Ltd. (L)	800		21,776
Enerplus Corp. (L)	1,342		19,605
ENI SpA, ADR	3,874		173,904
EnQuest PLC (I)	5,935		12,955
EOG Resources, Inc.	1,801		230,654
EPL Oil & Gas, Inc. (I)	600		16,086
EQT Corp.	700		47,425


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels (continued)
ERG SpA	259	$	2,362
Essar Oil, Ltd. (I)	3,444		4,920
Essar Shipping, Ltd. (I)	1,514		481
Esso SAF	21		1,417
Etablissements Maurel et Prom SA	451		7,885
Euronav NV (I)	398		1,775
EXCO Resources, Inc. (L)	1,900		13,547
Exxaro Resources, Ltd.	603		10,708
Exxon Mobil Corp.	27,915		2,515,421
Forest Oil Corp. (I)	1,500		7,890
Formosa Petrochemical Corp.	2,000		5,261
Frontline, Ltd. (I)	400		891
FX Energy, Inc. (I)	1,300		4,368
Galp Energia SGPS SA	945		14,815
Gazprom OAO, ADR (London Exchange)	18,987		162,864
Gran Tierra Energy, Inc. (I)	1,700		9,996
Gran Tierra Energy, Inc.
(Toronto Exchange) (I)	49		286
Grupa Lotos SA (I)	726		9,144
GS Holdings Corp.	329		19,211
Gulfport Energy Corp. (I)	600		27,498
Halcon Resources Corp. (I)	579		4,510
Harvest Natural Resources, Inc. (I)	500		1,755
Hellenic Petroleum SA	1,357		13,032
Hess Corp.	1,764		126,320
Hidili Industry International Development, Ltd.	13,000		2,867
Hindustan Petroleum Corp., Ltd.	939		4,913
HollyFrontier Corp.	2,042		105,061
Horizon Oil, Ltd. (I)	30,952		13,383
Husky Energy, Inc.	1,275		36,599
Imperial Oil, Ltd.	750		30,654
Indian Oil Corp., Ltd.	2,260		11,701
Indo Tambangraya Megah Tbk PT	2,000		7,323
Inpex Corp.	9		48,373
IRPC PCL	74,400		9,908
Ivanhoe Energy, Inc. (I)	900		594
Japan Petroleum Exploration Company, Ltd.	200		7,874
JKX Oil & Gas PLC (I)	308		354
JX Holdings, Inc.	10,490		58,964
Kelt Exploration, Ltd. (I)	300		1,964
Keyera Corp.	500		28,100
Kinder Morgan, Inc.	2,660		102,889
King Stone Energy Group, Ltd. (I)	18,000		1,013
Kunlun Energy Company, Ltd.	16,000		34,035
Legacy Oil & Gas, Inc. (I)	800		4,292
Linc Energy, Ltd. (I)	3,876		9,145
Lone Pine Resources, Inc. (I)	918		1,102
Long Run Exploration, Ltd. (I)	125		557
Lukoil OAO, ADR	1,631		105,184
Lundin Petroleum AB (I)	1,302		28,211
Mangalore Refinery and Petrochemicals, Ltd.	2,861		2,606
Marathon Oil Corp.	5,000		168,600
Marathon Petroleum Corp.	1,894		169,702
McMoRan Exploration Company (I)	1,285		21,010
Medco Energi Internasional Tbk PT	35,000		5,838
MEG Energy Corp. (I)	200		6,420
Mitsuuroko Holdings Company, Ltd.	700		3,815
MOL Hungarian Oil and Gas PLC	133		9,349
Mongolia Energy Company, Ltd. (I)	38,000		1,517
Motor Oil Hellas Corinth Refineries SA	798		7,753
Murphy Oil Corp.	1,300		82,849
Neste Oil OYJ	833		11,759
New Hope Corp., Ltd	1,732		7,168

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels (continued)
New Zealand Refining Company, Ltd.	491	$	1,032
Newfield Exploration Company (I)	1,200		26,904
Niko Resources, Ltd. (I)	400		2,516
Noble Energy, Inc.	800		92,528
Norwegian Energy Company AS (I)	1,197		943
NuVista Energy, Ltd. (I)	800		5,119
Oasis Petroleum, Inc. (I)(L)	700		26,649
Occidental Petroleum Corp.	5,101		399,765
Oil & Natural Gas Corp., Ltd.	855		4,916
Oil Refineries, Ltd. (I)	5,510		2,903
Oil Search, Ltd.	3,817		29,620
OMV AG	732		31,154
Origin Energy, Ltd.	5,053		70,098
Overseas Shipholding Group, Inc. (I)	400		1,320
PA Resources AB (I)	475		4
Pacific Rubiales Energy Corp.	1,300		27,437
Paladin Resources, Ltd. (I)	5,205		5,409
Paramount Resources, Ltd. (I)	300		11,074
Parkland Fuel Corp.	583		9,814
Paz Oil Company, Ltd. (I)	59		9,208
PDC Energy, Inc. (I)(L)	400		19,828
Peabody Energy Corp.	2,000		42,300
Pembina Pipeline Corp. (L)	1,092		34,506
Pengrowth Energy Trust (L)	2,555		13,028
Penn Virginia Corp. (I)(L)	500		2,020
Penn West Petroleum, Ltd. (L)	3,360		36,119
Perpetual Energy, Inc. (I)	1,900		2,114
PetroBakken Energy, Ltd. (L)	2,026		17,610
Petrobank Energy & Resources, Ltd. (I)	1,000		689
PetroChina Company, Ltd., H Shares	78,000		102,807
Petroleo Brasileiro SA	2,100		17,459
Petroleo Brasileiro SA (Class A), ADR	7,816		141,860
Petroleo Brasileiro SA, ADR	4,329		71,732
Petrominerales, Ltd.	1,014		6,169
Petronas Dagangan BHD	1,700		12,877
Petroquest Energy, Inc. (I)	1,000		4,440
Peyto Exploration & Development Corp.	570		15,116
Phillips 66	3,548		248,254
Pioneer Natural Resources Company	800		99,400
Plains Exploration & Production Company (I)	1,300		61,711
Polski Koncern Naftowy Orlen SA (I)	2,198		34,808
Premier Oil PLC (I)	2,268		13,443
PTT Exploration & Production PCL	4,783		24,254
PTT PCL, Foreign Shares	3,806		42,108
QEP Resources, Inc.	1,607		51,167
Questerre Energy Corp. (I)	3,200		2,961
Quicksilver Resources, Inc. (I)	2,000		4,500
Range Resources Corp.	1,100		89,144
Reliance Industries, Ltd.	5,113		73,355
Repsol SA	2,886		58,722
Rex Energy Corp. (I)	800		13,184
Rosetta Resources, Inc. (I)	500		23,790
Rosneft OAO, GDR	4,354		33,252
Royal Dutch Shell PLC, ADR	66		4,301
Royal Dutch Shell PLC, ADR, Class B (L)	5,107		341,250
Royal Dutch Shell PLC, B Shares	2,979		99,130
S-Oil Corp.	123		10,370
Salamander Energy PLC (I)	742		2,339
San-Ai Oil Company, Ltd.	2,000		10,079
SandRidge Energy, Inc. (I)(L)	4,188		22,071
Santonia Energy, Inc. (I)	400		579
Santos, Ltd.	5,154		67,015
Saras SpA (I)	2,835		3,447


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels (continued)
Sasol, Ltd., ADR	1,678	$	74,403
SemGroup Corp., Class A (I)	700		36,204
Shell Refining Company Federation of
Malaya BHD	1,100		3,026
Ship Finance International, Ltd. (L)	900		15,876
Sino Oil And Gas Holdings, Ltd. (I)	100,000		1,857
SK Innovation Company, Ltd.	244		35,812
SM Energy Company	700		41,454
SouthGobi Energy Resources, Ltd. (I)	100		197
Southwestern Energy Company (I)	2,600		96,876
Spectra Energy Corp.	3,100		95,325
Sprott Resource Corp.	687		3,084
Statoil ASA	883		21,559
Statoil ASA, ADR (L)	2,628		64,701
Stone Energy Corp. (I)(L)	700		15,225
Suncor Energy, Inc.	6,039		180,959
Swift Energy Company (I)	500		7,405
Talisman Energy, Inc.	3,900		47,682
Targa Resources Corp.	500		33,980
Teekay Corp.	600		21,576
Tesoro Corp.	1,200		70,260
Tethys Petroleum, Ltd. (I)	400		303
The Great Eastern Shipping Company, Ltd.	515		2,183
The Williams Companies, Inc.	2,500		93,650
TORC Oil & Gas, Ltd. (I)	300		579
Total SA (L)	6,664		318,516
Total SA, ADR	494		23,702
TransCanada Corp. (L)	2,339		111,672
TransGlobe Energy Corp. (I)	600		5,139
Trilogy Energy Corp.	400		11,537
Tullow Oil PLC	3,282		61,432
Tupras Turkiye Petrol Rafinerileri AS	681		20,479
UEX Corp. (I)	800		457
Ultra Petroleum Corp. (I)(L)	1,300		26,130
Ultrapar Participacoes SA	800		20,286
Ultrapar Participacoes SA, ADR	400		10,152
Uranium One, Inc. (I)	4,000		11,025
USEC, Inc. (I)(L)	2,500		925
Vaalco Energy, Inc. (I)(L)	600		4,554
Valero Energy Corp.	3,900		177,411
Vanguarda Agro SA (I)	22,843		4,861
Veresen, Inc.	1,100		14,034
Vermilion Energy, Inc. (L)	320		16,569
W&T Offshore, Inc.	500		7,100
Warren Resources, Inc. (I)	900		2,889
Washington H. Soul Pattinson
& Company, Ltd.	518		7,503
Western Refining, Inc. (L)	1,400		49,574
White Energy Company, Ltd.- Australian
Stock Exchange (I)	652		116
Whitehaven Coal, Ltd.	1,593		3,530
Whiting Petroleum Corp. (I)	1,200		61,008
Woodside Petroleum, Ltd.	1,959		73,353
World Fuel Services Corp.	500		19,860
WPX Energy, Inc. (I)	1,633		26,161
Yanchang Petroleum International, Ltd. (I)	19,205		1,288
Yanzhou Coal Mining
Company, Ltd., ADR (L)	900		12,321
Yanzhou Coal Mining Company, Ltd.,
H Shares	2,000		2,713
Zargon Oil & Gas, Ltd.	455		3,301

			14,532,554

			17,197,687

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Financials - 13.7%
Capital Markets - 1.7%
Aberdeen Asset Management PLC	7,201	$	47,186
ABG Sundal Collier Holding ASA	5,096		4,146
Affiliated Managers Group, Inc. (I)	500		76,785
AGF Management, Ltd., Class B	756		8,023
Allied Properties HK, Ltd.	20,000		3,230
Altamir Amboise	346		4,055
American Capital, Ltd. (I)	2,631		38,399
Ameriprise Financial, Inc.	1,900		139,935
Ashmore Group PLC	2,022		10,773
Azimut Holding SpA	1,451		23,557
BinckBank NV	387		3,642
BlackRock, Inc.	675		173,394
Brait SE (I)	5,319		20,136
Calamos Asset Management, Inc., Class A	400		4,708
Canaccord Financial, Inc. (Toronto Exchange)	1,200		8,056
Capital Securities Corp.	15,403		5,481
Capital Southwest Corp.	100		11,500
CETIP SA - Mercados Organizados	1,100		12,961
China Everbright, Ltd.	8,000		12,757
CI Financial Corp. (L)	800		22,129
Close Brothers Group PLC	1,435		23,015
Cohen & Steers, Inc.	309		11,146
Coronation Fund Managers, Ltd.	4,050		21,154
Cowen Group, Inc., Class A (I)	677		1,909
Credit Suisse Group AG	318		8,392
Credit Suisse Group AG, ADR	5,179		135,690
Daishin Securities Company, Ltd.	870		7,618
Daiwa Securities Group, Inc.	6,000		42,503
Deutsche Bank AG	3,412		133,477
Deutsche Bank AG (German Exchange)	199		7,765
E*TRADE Financial Corp. (I)	2,350		25,169
Eaton Vance Corp. (L)	1,200		50,196
EFG International (L)	308		3,723
Eugene Investment &
Securities Company, Ltd. (I)	773		1,793
Evercore Partners, Inc., Class A	300		12,480
F&C Asset Management PLC	4,118		6,538
Federated Investors, Inc., Class B (L)	800		18,936
Franklin Resources, Inc.	600		90,486
GAM Holding AG	1,827		30,915
GAMCO Investors, Inc., Class A	100		5,311
Get Nice Holdings, Ltd.	30,000		1,373
GFI Group, Inc.	2,600		8,684
GMP Capital, Inc.	600		3,875
Greenhill & Company, Inc.	300		16,014
Hanwha Investment &
Securities Company, Ltd.	1,080		4,142
Hargreaves Lansdown PLC	1,126		14,861
Harris & Harris Group, Inc. (I)	600		2,160
Henderson Group PLC	3,377		8,220
HFF, Inc., Class A	500		9,965
Hyundai Securities Company, Ltd.	1,170		8,349
ICAP PLC	3,375		14,908
ICG Group, Inc. (I)	800		9,984
Ichiyoshi Securities Company, Ltd.	1,100		12,157
IGM Financial, Inc.	400		18,022
Intermediate Capital Group PLC	1,170		7,529
INTL. FCStone, Inc. (I)(L)	300		5,223
Invesco, Ltd.	3,459		100,173
Investec PLC	3,161		22,061
Investec, Ltd.	1,608		11,243
Investment Technology Group, Inc. (I)	300		3,312


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Capital Markets (continued)
IOOF Holdings, Ltd.	1,604	$	13,920
Janus Capital Group, Inc. (L)	2,400		22,560
JMP Group, Inc.	400		2,764
Julius Baer Group, Ltd.	1,200		46,747
KIWOOM Securities Company, Ltd.	141		8,606
Knight Capital Group, Inc., Class A (I)	786		2,924
Legg Mason, Inc. (L)	1,300		41,795
LPL Financial Holdings, Inc.	800		25,792
Macquarie Group, Ltd.	1,925		74,772
Macquarie Korea Infrastructure Fund	1,650		10,055
Man Group PLC	12,668		17,179
MCG Capital Corp.	700		3,346
Medallion Financial Corp.	300		3,966
Mediobanca SpA	3,919		20,081
Mirae Asset Securities Company, Ltd.	306		11,379
MLP AG	663		4,425
Morgan Stanley	11,761		258,507
NH Investment & Securities Company, Ltd.	597		2,776
Nomura Holdings, Inc.	14,700		91,175
Northern Trust Corp.	2,100		114,576
Okasan Holdings, Inc.	1,000		9,689
Partners Group Holding AG	72		17,777
Peregrine Holdings, Ltd.	3,334		4,102
Perpetual, Ltd.	325		13,689
Piper Jaffray Companies (I)(L)	200		6,860
Platinum Asset Management, Ltd.	1,354		7,330
Proton Bank SA (I)	1,023		0
Rathbone Brothers PLC	506		11,222
Ratos AB	1,199		12,680
Raymond James Financial, Inc.	1,200		55,320
Safeguard Scientifics, Inc. (I)	400		6,320
Samsung Securities Company, Ltd.	422		20,346
SBI Holdings, Inc. (L)	1,520		13,499
Schroders PLC	596		19,184
SEI Investments Company	1,300		37,505
SK Securities Company, Ltd.	3,120		2,927
Sprott, Inc.	752		2,591
State Street Corp.	3,100		183,179
Stifel Financial Corp. (I)(L)	632		21,917
Sun Hung Kai & Company, Ltd.	7,000		4,738
Swissquote Group Holding SA	142		4,499
SWS Group, Inc. (I)	400		2,420
T. Rowe Price Group, Inc.	1,200		89,844
TD Ameritrade Holding Corp.	2,897		59,736
The Bank of New York Mellon Corp.	7,550		211,325
The Charles Schwab Corp.	6,818		120,610
The Goldman Sachs Group, Inc.	3,012		443,216
Tokai Tokyo Securities Company, Ltd.	3,000		22,171
TONGYANG Securities, Inc.	370		1,341
Tullett Prebon PLC	2,196		8,655
UBS AG	15,372		236,070
Virtus Investment Partners, Inc. (I)	85		15,834
Vontobel Holding AG	286		9,102
Waddell & Reed Financial, Inc., Class A (L)	800		35,024
Waterland Financial Holding Company, Ltd.	25,633		8,630
Woori Investment & Securities Company, Ltd.	1,003		10,398
Yuanta Financial Holdings Company, Ltd.	51,330		26,031

			4,084,450
Commercial Banks - 5.7%
1st Source Corp.	100		2,370
1st United Bancorp, Inc.	600		3,876
ABSA Group, Ltd.	1,132		19,081
Agricultural Bank of China, Ltd., H Shares	16,000		7,675

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Banks (continued)
Aichi Bank, Ltd.	100	$	5,947
Akbank TAS	4,415		23,178
Akita Bank, Ltd.	3,000		8,476
Albaraka Turk Katilim Bankasi AS (I)	3,793		4,092
Allahabad Bank	1,093		2,561
Alpha Bank AE (I)	4,746		4,319
Ameris Bancorp (I)	203		2,913
Aomori Bank, Ltd.	1,000		3,113
Arrow Financial Corp.	222		5,470
Associated Banc-Corp.	2,000		30,380
Asya Katilim Bankasi AS (I)	1,317		1,741
Australia & New Zealand Banking Group, Ltd.	9,177		273,647
Awa Bank, Ltd.	2,000		12,518
Axis Bank, Ltd.	1,275		30,668
Banca Carige SpA	7,025		4,700
Banca Monte dei Paschi di Siena SpA (I)	13,824		3,298
Banca Piccolo Credito Valtellinese Scarl	3,173		3,503
Banca Popolare dell’Emilia Romagna SCRL	1,417		10,031
Banca Popolare dell’Etruria e del
Lazio SpA (I)	1,167		558
Banca Popolare di Milano SpA (I)	20,720		12,719
Banca Popolare di Sondrio SCRL	1,955		10,229
Bancfirst Corp.	200		8,340
Banco Bilbao Vizcaya Argentaria SA	12,635		110,177
Banco Bilbao Vizcaya Argentaria SA, ADR	5,631		49,384
Banco BPI SA (I)	5,418		6,880
Banco Bradesco SA	1,525		26,429
Banco Bradesco SA, ADR	6,710		114,204
Banco Comercial Portugues SA (I)(L)	47,354		5,794
Banco de Chile, ADR	66		6,258
Banco de Sabadell SA	7,834		14,396
Banco di Desio e della Brianza SpA	669		1,591
Banco do Brasil SA	3,145		42,613
Banco Espanol de Credito SA (I)	577		2,399
Banco Espirito Santo SA (I)	10,200		10,462
Banco Popolare SC (I)	3,700		4,697
Banco Popular Espanol SA (I)	31,328		23,457
Banco Santander Brasil SA, ADR	4,500		32,670
Banco Santander Chile, ADR	420		11,957
Banco Santander SA	35,044		237,071
Banco Santander SA, ADR	102		695
Bancolombia SA, ADR	200		12,650
BancorpSouth, Inc. (L)	1,300		21,190
Bangkok Bank PCL, Foreign Shares	2,700		20,878
Bank Central Asia Tbk PT	37,500		44,141
Bank Coop AG	119		6,763
Bank Danamon Indonesia Tbk PT	32,996		21,933
Bank Handlowy w Warszawie SA	220		6,161
Bank Hapoalim, Ltd. (I)	4,818		21,863
Bank Leumi Le-Israel, Ltd. (I)	6,483		22,867
Bank Mandiri Persero Tbk PT	43,228		44,525
Bank Millennium SA (I)	2,000		2,950
Bank Negara Indonesia Persero Tbk PT	11,598		6,036
Bank of Ayudhya PCL	16,200		19,392
Bank of China, Ltd., H Shares	298,100		138,763
Bank of Communications Company, Ltd.,
H Shares	28,225		21,259
Bank of Cyprus PLC (I)	5,706		1,514
Bank of East Asia, Ltd.	8,438		33,282
Bank of Greece SA	162		2,558
Bank of Hawaii Corp. (L)	400		20,324
Bank of India	845		4,735
Bank of Montreal (Canadian Exchange) (L)	2,360		148,544


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Banks (continued)
Bank of Nova Scotia	3,495	$	203,366
Bank of Queensland, Ltd.	2,116		21,344
Bank of Saga, Ltd.	3,000		7,791
Bank of the Ozarks, Inc. (L)	400		17,740
Bank Pan Indonesia Tbk PT (I)	46,000		3,840
Bank Pekao SA	320		15,431
Bank Permata Tbk PT (I)	6,000		1,026
Bank Rakyat Indonesia Persero Tbk PT	43,000		38,813
Bank Tabungan Negara Persero Tbk PT	33,960		5,952
Bank Tabungan Pensiunan Nasional Tbk PT (I)	7,500		4,099
Bankinter SA	2,422		11,804
BankUnited, Inc.	267		6,841
Barclays PLC, ADR (L)	11,967		212,534
Basler Kantonalbank	42		4,177
BB&T Corp.	4,200		131,838
BBCN Bancorp, Inc.	1,324		17,291
BDO Unibank, Inc. (I)	4,325		9,505
Bendigo and Adelaide Bank, Ltd.	2,563		27,512
Berner Kantonalbank	51		13,753
BNP Paribas SA	4,055		208,904
BOC Hong Kong Holdings, Ltd.	10,000		33,447
BOK Financial Corp.	400		24,920
Boston Private Financial Holdings, Inc.	1,106		10,927
Bryn Mawr Bank Corp.	150		3,492
BS Financial Group, Inc.	490		6,662
CaixaBank (L)	5,353		18,177
Camden National Corp.	200		6,616
Canadian Imperial Bank of Commerce (L)	1,279		100,321
Canara Bank	847		5,966
Capital Bank Financial Corp., Class A (I)	18		309
Capital City Bank Group, Inc. (I)(L)	200		2,470
CapitalSource, Inc.	2,753		26,484
Capitec Bank Holdings, Ltd.	339		7,896
Cardinal Financial Corp.	600		10,908
Cathay General Bancorp	1,300		26,156
Centerstate Banks, Inc.	300		2,574
Chang Hwa Commercial Bank	33,822		19,854
Chemical Financial Corp.	400		10,552
China Citic Bank Corp., Ltd., H Shares	47,000		28,301
China Construction Bank Corp., H Shares	263,891		216,133
China Development
Financial Holdings Corp. (I)	41,029		11,732
China Merchants Bank Company, Ltd.,
H Shares	15,128		32,153
China Minsheng Banking Corp., Ltd.,
H Shares	23,000		29,494
Chinatrust Financial Holding Company, Ltd.	40,153		23,980
Chong Hing Bank, Ltd.	2,000		4,928
CIMB Group Holdings BHD	18,000		44,479
CIT Group, Inc. (I)	1,600		69,568
City Holding Company	100		3,979
City National Corp. (L)	500		29,455
CoBiz Financial, Inc.	700		5,656
Columbia Banking System, Inc. (L)	500		10,990
Comdirect Bank AG	358		3,758
Comerica, Inc. (L)	1,849		66,472
Commerce Bancshares, Inc.	695		28,377
Commerzbank AG (I)(L)	17,645		25,931
Commonwealth Bank of Australia	5,017		356,604
Community Bank Systems, Inc. (L)	600		17,778
Community Trust Bancorp, Inc.	300		10,209
Corpbanca SA	134,251		1,851
Corpbanca SA, ADR	333		6,963

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Banks (continued)
Credicorp, Ltd. (L)	258	$	42,841
Credit Agricole SA (I)	5,426		44,861
Credito Bergamasco SpA	157		2,347
Credito Emiliano SpA	637		3,267
Cullen/Frost Bankers, Inc. (L)	500		31,265
CVB Financial Corp.	900		10,143
Dah Sing Banking Group, Ltd.	40		55
Dah Sing Financial Holdings, Ltd.	900		4,714
Daisan Bank, Ltd.	1,000		1,950
Daishi Bank, Ltd.	3,000		12,367
Danske Bank A/S (I)	2,793		50,071
DBS Group Holdings, Ltd.	6,477		83,791
DGB Financial Group, Inc.	910		13,743
DNB ASA	3,643		53,613
DVB Bank AG	130		4,116
E.Sun Financial Holding Company, Ltd.	35,163		21,287
East West Bancorp, Inc.	1,700		43,639
Ehime Bank, Ltd.	1,000		2,635
Enterprise Financial Services Corp.	100		1,434
Entie Commercial Bank	3,000		1,698
Erste Group Bank AG (I)	1,066		29,759
Far Eastern International Bank	22,121		8,988
Federal Bank, Ltd.	1,480		13,110
Fifth Third Bancorp	6,700		109,277
Financial Institutions, Inc.	100		1,996
First Bancorp North Carolina	300		4,047
First Busey Corp.	1,300		5,941
First Commonwealth Financial Corp. (L)	1,500		11,190
First Community Bancshares, Inc.	300		4,755
First Financial Bancorp	659		10,577
First Financial Bankshares, Inc. (L)	150		7,290
First Financial Corp.	200		6,298
First Financial Holding Company, Ltd.	47,019		29,413
First Financial Holdings, Inc.	100		2,096
First Horizon National Corp. (L)	2,054		21,937
First Merchants Corp.	300		4,641
First Midwest Bancorp, Inc.	800		10,624
First Niagara Financial Group, Inc.	3,414		30,248
First Republic Bank	481		18,576
FirstMerit Corp.	1,318		21,787
FNB Corp.	1,800		21,780
Fukui Bank, Ltd.	2,000		4,521
Fukuoka Financial Group, Inc.	5,000		25,071
Fulton Financial Corp.	1,800		21,060
German American Bancorp, Inc.	200		4,602
Getin Holding SA (I)	5,326		4,450
Glacier Bancorp, Inc.	1,200		22,776
Great Southern Bancorp, Inc.	200		4,878
Grupo Aval Acciones y Valores	7,084		4,909
Grupo Financiero Banorte SAB
de CV, Series O	10,800		86,670
Grupo Financiero Inbursa SAB
de CV, Series O	9,600		27,921
GSD Holding AS (I)	3,434		2,030
Hana Financial Group, Inc.	1,320		46,718
Hancock Holding Company	785		24,272
Hang Seng Bank, Ltd.	2,400		38,493
HDFC Bank, Ltd.	1,692		19,546
HDFC Bank, Ltd., ADR (L)	462		17,288
Heartland Financial USA, Inc.	400		10,108
Higashi-Nippon Bank, Ltd.	3,000		8,053
Higo Bank, Ltd.	2,000		12,961
Hokuhoku Financial Group, Inc.	10,000		20,362


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Banks (continued)
Home BancShares, Inc. (L)	228	$	8,589
Hong Leong Bank BHD	660		3,079
HSBC Holdings PLC, ADR (L)	12,079		644,294
Hua Nan Financial Holdings Company, Ltd.	35,777		20,634
Hudson Valley Holding Corp.	242		3,608
Huntington Bancshares, Inc.	7,100		52,469
Hyakujushi Bank, Ltd.	2,000		8,402
Iberiabank Corp.	400		20,008
ICICI Bank, Ltd., ADR	1,090		46,761
IDBI Bank, Ltd.	2,292		3,407
Indian Bank	736		2,429
Industrial & Commercial Bank of China, Ltd.,
H Shares	235,730		165,649
Industrial Bank of Korea	1,290		14,845
International Bancshares Corp.	1,300		27,040
Intesa Sanpaolo SpA	40,133		59,143
Investors Bancorp, Inc.	1,111		20,865
Irish Bank Resolution Corp., Ltd. (I)	3,621		0
Israel Discount Bank, Ltd. (I)	2,562		4,389
Itau Unibanco Holding SA	1,000		17,815
Itau Unibanco Holding SA, ADR	6,017		107,103
Jeonbuk Bank	469		2,364
Juroku Bank, Ltd.	3,000		12,652
Jyske Bank A/S (I)	329		11,270
Kagoshima Bank, Ltd.	2,000		14,167
Karnataka Bank, Ltd.	259		629
Kasikornbank PCL, Foreign Shares	5,000		35,814
KB Financial Group, Inc., ADR	1,600		52,864
KBC Groep NV	896		30,912
Keiyo Bank, Ltd.	2,000		11,486
KeyCorp	8,228		81,951
King’s Town Bank (I)	12,000		11,079
Kita-Nippon Bank, Ltd.	100		2,651
Komercni Banka AS	95		18,134
Korea Exchange Bank	1,880		12,508
Krung Thai Bank PCL	25,625		21,701
Lakeland Bancorp, Inc.	220		2,167
Lakeland Financial Corp.	200		5,338
Laurentian Bank of Canada	300		12,982
Liechtensteinische Landesbank AG	43		1,649
Lloyds Banking Group PLC (I)	28,330		21,078
Lloyds TSB Group PLC, ADR (I)(L)	21,187		63,561
Luzerner Kantonalbank AG	38		14,490
M&T Bank Corp. (L)	1,316		135,759
MainSource Financial Group, Inc.	700		9,828
Malayan Banking BHD	12,983		39,439
MB Financial, Inc.	300		7,251
Mega Financial Holding Company, Ltd.	32,419		26,283
Metro Bancorp, Inc. (I)	400		6,616
Metropolitan Bank & Trust Company	2,360		6,758
Minato Bank, Ltd.	3,000		5,539
Mitsubishi UFJ Financial Group	58,547		352,910
Mizrahi Tefahot Bank, Ltd. (I)	1,337		14,271
Mizuho Financial Group, Inc. (L)	98,380		211,251
National Australia Bank, Ltd.	8,485		273,162
National Bank of Canada	400		29,378
National Bank of Greece SA (I)	8,069		6,857
National Penn Bancshares, Inc. (L)	1,500		16,035
Natixis	5,861		22,285
NBT Bancorp, Inc.	300		6,645
Nedbank Group, Ltd.	1,070		22,170
Nordea Bank AB	10,305		116,928
North Pacific Bank, Ltd.	2,200		7,435

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Banks (continued)
Ogaki Kyoritsu Bank, Ltd.	2,000	$	7,432
Old National Bancorp	500		6,875
Oriental Bank of Commerce	416		1,922
Oriental Financial Group, Inc. (L)	500		7,755
OTP Bank PLC	1,599		28,846
Oversea-Chinese Banking Corp., Ltd.	8,352		71,857
Pacific Continental Corp.	400		4,468
PacWest Bancorp (L)	500		14,555
Park National Corp.	100		6,979
Peoples Bancorp, Inc.	100		2,239
Pinnacle Financial Partners, Inc. (I)	500		11,680
Piraeus Bank SA (I)	19,556		4,888
PNC Financial Services Group, Inc.	3,300		219,450
Powszechna Kasa Oszczednosci
Bank Polski SA	1,895		20,118
PrivateBancorp, Inc.	900		17,019
Prosperity Bancshares, Inc. (L)	400		18,956
Public Bank BHD	600		3,160
Raiffeisen Bank International AG	268		9,122
Regions Financial Corp.	12,100		99,099
Renasant Corp.	200		4,476
Republic Bancorp, Inc., Class A (L)	300		6,792
Resona Holdings, Inc.	7,700		40,673
Ringkjoebing Landbobank A/S	36		5,369
Rizal Commercial Banking Corp.	3,600		6,176
Royal Bank of Canada (L)	4,212		253,752
Royal Bank of Scotland Group PLC, ADR (I)	4,360		36,755
S&T Bancorp, Inc.	400		7,416
Sandy Spring Bancorp, Inc.	300		6,030
Sberbank of Russia, ADR (I)	4,971		63,856
SCBT Financial Corp.	300		15,120
Sekerbank TAS (I)	5,965		7,091
Shiga Bank, Ltd.	2,000		13,785
Shikoku Bank, Ltd.	1,000		3,182
Shimizu Bank, Ltd.	100		3,002
Shinhan Financial Group Company, Ltd., ADR	1,850		66,415
Siam Commercial Bank PCL	2,300		13,941
Sierra Bancorp	100		1,315
Signature Bank (I)	500		39,380
Simmons First National Corp., Class A	200		5,064
SinoPac Financial Holdings Company, Ltd.	40,065		19,091
Skandinaviska Enskilda Banken
AB, Series A (L)	6,481		65,192
Societe Generale SA (I)	2,915		96,163
Southside Bancshares, Inc. (L)	136		2,857
Southwest Bancorp, Inc. (I)	200		2,512
Spar Nord Bank A/S (I)	1,200		6,549
St. Galler Kantonalbank	37		15,590
Standard Bank Group, Ltd.	4,323		55,658
Standard Chartered PLC	8,065		208,924
State Bank of India	396		15,175
StellarOne Corp.	200		3,230
Sterling Bancorp	600		6,096
Suffolk Bancorp (I)	100		1,424
Sumitomo Mitsui Financial Group, Inc.	6,136		251,794
Sumitomo Mitsui Trust Holdings, Inc.	12,430		59,124
Sun Bancorp, Inc. (I)	315		1,074
SunTrust Banks, Inc.	3,500		100,835
Susquehanna Bancshares, Inc.	3,457		42,971
SVB Financial Group (I)	500		35,470
Svenska Handelsbanken AB, Class A (L)	1,724		73,789
Swedbank AB, Class A (L)	2,656		60,515
SY Bancorp, Inc.	100		2,250


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Banks (continued)
Sydbank A/S (I)	511	$	10,462
Synovus Financial Corp.	1,500		4,155
Ta Chong Bank, Ltd. (I)	12,360		4,509
Taishin Financial Holdings Company, Ltd.	44,637		18,674
Taiwan Business Bank (I)	28,256		8,925
Taiwan Cooperative Financial Holding	27,470		15,695
Taylor Capital Group, Inc. (I)	466		7,451
TCF Financial Corp. (L)	1,900		28,424
Texas Capital Bancshares, Inc. (I)	500		20,225
Thanachart Capital PCL	2,100		3,209
The Bancorp, Inc. (I)	700		9,695
The Bank of Kyoto, Ltd.	3,000		29,404
The Bank of Yokohama, Ltd.	9,000		52,205
The Chiba Bank, Ltd.	5,000		36,047
The Chiba Kogyo Bank, Ltd. (I)	700		6,903
The Chugoku Bank, Ltd.	1,000		16,176
The Governor & Company of the Bank of
Ireland, ADR (I)	200		1,694
The Gunma Bank, Ltd.	2,000		11,939
The Hachijuni Bank, Ltd.	3,000		17,954
The Hiroshima Bank, Ltd.	3,000		14,522
The Hokkoku Bank, Ltd.	3,000		12,710
The Hyakugo Bank, Ltd.	2,000		10,103
The Iyo Bank, Ltd.	2,000		18,564
The Joyo Bank, Ltd.	5,000		27,889
The Nanto Bank, Ltd.	2,000		9,590
The Nishi-Nippon City Bank, Ltd.	4,000		12,419
The San-in Godo Bank, Ltd.	2,000		17,281
The Shizuoka Bank, Ltd.	3,000		33,870
The Toronto-Dominion Bank	3,107		258,690
The Yachiyo Bank, Ltd.	300		10,300
Tochigi Bank, Ltd.	1,000		4,051
Toho Bank, Ltd.	3,000		9,707
Tomato Bank, Ltd.	1,000		1,874
TOMONY Holdings, Inc.	2,000		8,680
Tompkins Financial Corp.	110		4,651
TowneBank	515		7,710
Trico Bancshares	400		6,840
Trustmark Corp.	900		22,509
TT Hellenic Postbank SA (I)	615		132
Turkiye Garanti Bankasi AS	6,365		33,766
Turkiye Halk Bankasi AS	1,645		17,599
Turkiye Is Bankasi, Class C	4,912		18,686
Turkiye Vakiflar Bankasi Tao, Class D	5,846		18,748
U.S. Bancorp	9,300		315,549
UMB Financial Corp. (L)	400		19,628
Umpqua Holdings Corp. (L)	2,100		27,846
UniCredit SpA (I)	16,319		70,165
Union Bank of Philippines	1,410		4,319
Union First Market Bankshares Corp.	100		1,956
Unione di Banche Italiane SCPA	4,010		14,810
United Bankshares, Inc.	900		23,949
United Community Banks, Inc. (I)	81		919
United Overseas Bank, Ltd.	4,068		66,963
Univest Corp. of Pennsylvania	200		3,484
Valiant Holding AG	141		12,558
Valley National Bancorp (L)	1,677		17,172
Virginia Commerce Bancorp, Inc. (I)	600		8,430
VTB Bank OJSC, GDR	1,125		3,546
VTB Bank OJSC, GDR (London Exchange)	2,787		8,768
Washington Banking Company	400		5,576
Washington Trust Bancorp, Inc.	100		2,738
Webster Financial Corp.	1,300		31,538

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Banks (continued)
Wells Fargo & Company	25,935	$	959,336
WesBanco, Inc.	400		9,580
West Bancorp, Inc.	488		5,417
West Coast Bancorp	241		5,851
Westamerica Bancorp.	100		4,533
Western Alliance Bancorp (I)	1,400		19,376
Westpac Banking Corp, ADR (L)	1,047		168,630
Westpac Banking Corp.	6,899		221,909
Wilshire Bancorp, Inc. (I)	700		4,746
Wintrust Financial Corp. (L)	500		18,520
Woori Finance Holdings Company, Ltd.	2,440		27,459
Yamagata Bank, Ltd.	1,000		4,817
Yapi ve Kredi Bankasi AS	4,484		13,876
Yes Bank, Ltd.	1,666		13,227
Zions Bancorporation (L)	1,844		46,082

			13,658,783
Consumer Finance - 0.4%
Allied Group, Ltd.	2,000		6,647
American Express Company	4,400		296,824
Asset Acceptance Capital Corp. (I)	200		1,348
Atlanticus Holdings Corp. (I)	376		1,380
Capital One Financial Corp.	3,388		186,171
Cash America International, Inc. (L)	300		15,741
Compartamos SAB de CV	12,100		22,294
Credit Acceptance Corp. (I)	239		29,191
Credit Saison Company, Ltd.	800		20,030
DFC Global Corp. (I)(L)	600		9,984
Discover Financial Services	2,700		121,068
Encore Capital Group, Inc. (I)(L)	200		6,020
Ezcorp, Inc., Class A (I)	500		10,650
First Cash Financial Services, Inc. (I)	300		17,502
International Personal Finance PLC	1,077		7,287
Mahindra & Mahindra Financial Services Ltd.	1,185		4,275
Nelnet, Inc., Class A	400		13,520
Portfolio Recovery Associates, Inc. (I)	200		25,384
Provident Financial PLC	814		19,407
Samsung Card Company, Ltd.	400		13,751
Shriram Transport Finance Company, Ltd.	782		9,992
SLM Corp.	3,900		79,872
World Acceptance Corp. (I)	150		12,881

			931,219
Diversified Financial Services - 1.8%
Ackermans & Van Haaren NV	186		15,723
AET&D Holdings No 1, Ltd.	2		0
African Bank Investments, Ltd.	4,899		16,144
AMMB Holdings BHD	7,200		15,197
ASX, Ltd.	754		28,523
Ayala Corp.	500		6,926
Bank of America Corp.	79,612		969,674
BM&F Bovespa SA	9,281		62,417
Bolsa Mexicana de Valores SAB de CV	700		2,010
Bolsas y Mercados Espanoles SA	488		12,038
Bure Equity AB	284		1,011
Bursa Malaysia BHD	3,900		8,768
CBOE Holdings, Inc.	500		18,470
Citigroup, Inc.	18,901		836,180
CME Group, Inc.	1,500		92,085
CRISIL, Ltd.	190		3,087
Deutsche Boerse AG	686		41,544
FirstRand, Ltd.	9,659		33,837
Fubon Financial Holding Company, Ltd.	19,209		27,564
Grenkeleasing AG	155		11,022


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Diversified Financial Services (continued)
Grupo de Inversiones Suramericana SA	500	$	10,676
Hong Kong Exchanges & Clearing, Ltd.	2,700		46,118
IBJ Leasing Company, Ltd.	200		6,192
IDFC, Ltd.	5,962		15,801
IG Group Holdings PLC	2,931		23,868
ING Groep NV (I)	13,262		95,311
Inmuebles Carso SAB de CV, Class B1 (I)	5,300		5,270
Interactive Brokers Group, Inc., Class A	400		5,964
IntercontinentalExchange, Inc. (I)	600		97,842
JPMorgan Chase & Company	27,863		1,322,378
JSE, Ltd.	919		7,128
Kardan Yazamut, Ltd. (I)	65		5
Kotak Mahindra Bank, Ltd.	1,923		23,251
Leucadia National Corp.	3,592		98,529
London Stock Exchange Group PLC	1,258		25,117
Marfin Investment Group SA (I)	7,394		2,549
MarketAxess Holdings, Inc.	300		11,190
Meritz Finance Holdings Company (I)	303		1,092
Moody’s Corp.	1,100		58,652
MSCI, Inc. (I)	1,226		41,598
Mulpha International BHD (I)	40,100		4,981
NewStar Financial, Inc. (I)	350		4,631
NYSE Euronext	2,100		81,144
Onex Corp.	500		23,842
PHH Corp. (I)(L)	900		19,764
PICO Holdings, Inc. (I)	150		3,330
Pohjola Bank OYJ (L)	1,228		17,924
Power Finance Corp. Ltd.	2,196		7,394
PSG Group, Ltd.	1,178		8,047
Reliance Capital, Ltd.	1,234		7,127
Resource America, Inc., Class A	565		5,627
Rural Electrification Corp., Ltd.	3,171		12,328
Singapore Exchange, Ltd.	3,000		18,660
SNS REAAL NV (I)	1,920		0
Sprott Resource Lending Corp.	1,200		1,654
The NASDAQ OMX Group, Inc.	1,600		51,680

			4,368,884
Insurance - 3.0%
ACE, Ltd.	2,002		178,118
Admiral Group PLC	1,105		22,420
Aegon NV	11,074		66,674
Aflac, Inc.	2,500		130,050
Ageas	1,449		49,052
Alleghany Corp. (I)	104		41,176
Allianz SE	1,823		247,704
Allied World Assurance Company
Holdings AG	400		37,088
Alterra Capital Holdings, Ltd.	600		18,900
American Equity Investment Life
Holding Company (L)	1,100		16,379
American Financial Group, Inc.	700		33,166
American International Group, Inc. (I)	1,100		42,702
American National Insurance Company	100		8,687
American Safety Insurance Holdings, Ltd. (I)	200		4,992
AMERISAFE, Inc.	200		7,108
Amlin PLC	5,558		35,781
AMP, Ltd.	10,955		59,605
Amtrust Financial Services, Inc. (L)	550		19,058
Aon PLC	1,600		98,400
April Group SA	269		4,222
Arch Capital Group, Ltd. (I)	1,200		63,084
Argo Group International Holdings, Ltd.	500		20,690
Arthur J. Gallagher & Company	820		33,874

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Insurance (continued)
Aspen Insurance Holdings, Ltd.	400	$	15,432
Assicurazioni Generali SpA	4,317		67,578
Assurant, Inc.	800		36,008
Assured Guaranty, Ltd.	2,200		45,342
Aviva PLC	16,892		76,110
AXA SA	6,944		119,704
Axis Capital Holdings, Ltd.	1,100		45,782
Baloise Holding AG	279		26,150
Beazley PLC	2,500		7,943
Berkshire Hathaway, Inc., Class B (I)	4,069		423,990
Brown & Brown, Inc.	1,100		35,244
Cathay Financial Holdings Company, Ltd.	22,253		30,687
Catlin Group, Ltd.	3,445		27,323
Chesnara PLC	1,469		5,254
China Life Insurance Company, Ltd., ADR (L)	1,567		61,771
China Pacific Insurance Group Company, Ltd.,
H Shares	8,174		26,997
China Taiping Insurance
Holdings Company, Ltd. (I)	7,000		11,947
Cincinnati Financial Corp.	1,400		66,066
Citizens, Inc. (I)	100		839
Clal Insurance Enterprise Holdings, Ltd.	217		3,601
CNO Financial Group, Inc.	4,000		45,800
CNP Assurances	638		8,759
Delta Lloyd NV	234		4,038
Discovery Holdings, Ltd.	1,963		16,698
Donegal Group, Inc., Class A	304		4,642
Dongbu Insurance Company, Ltd.	320		13,662
eHealth, Inc. (I)	200		3,576
EMC Insurance Group, Inc.	260		6,846
Employers Holdings, Inc.	600		14,070
Endurance Specialty Holdings, Ltd.	500		23,905
Enstar Group, Ltd. (I)	200		24,858
Erie Indemnity Company, Class A	400		30,212
Everest Re Group, Ltd.	400		51,944
Fairfax Financial Holdings, Ltd.	100		39,047
FBD Holdings PLC	77		1,212
FBL Financial Group, Inc., Class A	150		5,829
Fidelity National Financial, Inc., Class A	2,134		53,841
First American Financial Corp.	1,400		35,798
Fondiaria-SAI SpA (I)	1,772		2,949
Genworth Financial, Inc., Class A (I)	4,300		43,000
Global Indemnity PLC (I)	450		10,440
Great-West Lifeco, Inc. (L)	1,000		26,805
Greenlight Capital Re, Ltd., Class A (I)	200		4,890
Grupo Catalana Occidente SA	291		6,299
Hallmark Financial Services, Inc. (I)	500		4,500
Hannover Rueckversicherung AG	349		27,381
Hanwha Life Insurance Company, Ltd.	1,640		10,006
Hartford Financial Services Group, Inc. (L)	3,772		97,318
HCC Insurance Holdings, Inc.	900		37,827
Helvetia Patria Holding AG	45		18,190
Hilltop Holdings, Inc. (I)	1,200		16,188
Hiscox, Ltd. (I)	3,171		26,534
Horace Mann Educators Corp.	800		16,680
Hyundai Marine & Fire
Insurance Company, Ltd.	450		12,904
Independence Holding Company	130		1,323
Industrial Alliance Insurance and
Financial Services, Inc.	600		22,066
Insurance Australia Group, Ltd.	10,887		64,900
Intact Financial Corp.	643		39,402
Jardine Lloyd Thompson Group PLC	1,171		15,156


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Insurance (continued)
Kemper Corp.	500	$	16,305
Lancashire Holdings, Ltd.	97		1,193
Legal & General Group PLC	31,097		81,673
Liberty Holdings, Ltd.	983		12,844
LIG Insurance Company, Ltd.	440		9,388
Lincoln National Corp. (L)	2,400		78,264
Loews Corp.	1,907		84,041
LPI Capital BHD	400		1,770
Maiden Holdings, Ltd.	1,300		13,767
Mapfre SA	4,256		13,170
Markel Corp. (I)	100		50,350
Marsh & McLennan Companies, Inc.	2,200		83,534
MBIA, Inc. (I)	2,700		27,729
Meadowbrook Insurance Group, Inc.	1,100		7,755
Mediolanum SpA	1,091		6,031
Menorah Mivtachim Holdings, Ltd. (I)	45		484
Mercury General Corp.	300		11,379
Meritz Fire & Marine
Insurance Company, Ltd.	726		7,943
MetLife, Inc.	5,600		212,912
Milano Assicurazioni SpA (I)	1,886		1,004
MMI Holdings, Ltd.	1,282		3,239
MS&AD Insurance Group Holdings	1,882		41,924
Muenchener Rueckversicherungs AG	597		111,697
National Financial Partners Corp. (I)	300		6,729
National Interstate Corp.	200		5,996
NIB Holdings, Ltd.	7,722		18,303
NKSJ Holdings, Inc.	1,175		24,706
Novae Group PLC	791		5,471
Old Mutual PLC	29,424		91,041
Old Republic International Corp.	1,830		23,259
OneBeacon Insurance Group, Ltd., Class A (L)	300		4,056
PartnerRe, Ltd. (L)	600		55,866
PICC Property & Casualty Company, Ltd.,
H Shares	10,000		12,845
Ping An Insurance Group Company, H Shares	4,500		34,933
Platinum Underwriters Holdings, Ltd.	500		27,905
Powszechny Zaklad Ubezpieczen SA	95		11,793
Primerica, Inc.	900		29,502
Principal Financial Group, Inc. (L)	2,900		98,687
ProAssurance Corp.	600		28,398
Protective Life Corp.	900		32,220
Prudential Financial, Inc.	3,000		176,970
Prudential PLC, ADR (L)	5,195		168,110
QBE Insurance Group, Ltd.	4,154		58,627
Reinsurance Group of America, Inc.	700		41,769
RenaissanceRe Holdings, Ltd.	400		36,796
Resolution, Ltd.	9,828		40,791
RLI Corp.	200		14,370
RSA Insurance Group PLC	22,134		39,244
Safety Insurance Group, Inc.	200		9,830
Sampo OYJ	2,125		81,801
Samsung Fire & Marine
Insurance Company, Ltd.	185		36,171
Samsung Life Insurance Company, Ltd.	142		13,285
Sanlam, Ltd. (South African Exchange)	9,196		47,183
Santam, Ltd.	394		8,239
Schweizerische National-Versicherungs-
Gesellschaft AG	182		8,795
SCOR SE	962		27,637
Selective Insurance Group, Inc. (L)	800		19,208
Shin Kong Financial
Holding Company, Ltd. (I)	42,512		13,356

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Insurance (continued)
Societa’ Cattolica di Assicurazioni SCRL (I)	140	$	2,423
St James’s Place PLC	1,876		14,519
StanCorp Financial Group, Inc. (L)	800		34,208
Standard Life PLC	15,556		86,768
State Auto Financial Corp. (L)	900		15,678
Stewart Information Services Corp. (L)	200		5,094
Storebrand ASA (I)	2,971		11,618
Sul America SA	1,729		17,309
Sun Life Financial, Inc. (L)	2,263		61,752
Suncorp Group, Ltd.	5,557		68,589
Swiss Life Holding	221		32,794
Swiss Re, Ltd.	1,712		139,329
T&D Holdings, Inc.	2,200		26,342
The Allstate Corp.	3,100		152,117
The Chubb Corp.	1,700		148,801
The Dai-ichi Life Insurance Company, Ltd.	29		38,959
The Hanover Insurance Group, Inc.	500		24,840
The Navigators Group, Inc. (I)	205		12,044
The Progressive Corp.	3,094		78,185
The Travelers Companies, Inc.	2,400		202,056
Tokio Marine Holdings, Inc.	2,700		78,043
Topdanmark A/s (I)	730		17,492
Torchmark Corp.	1,000		59,800
Tryg A/S	177		14,298
Unipol Gruppo Finanziario SpA (I)	1,848		5,014
Uniqa Versicherungen AG (I)	453		5,879
United Fire Group, Inc.	500		12,735
Universal Insurance Holdings, Inc.	800		3,880
Unum Group	2,220		62,715
Validus Holdings, Ltd.	984		36,772
Vienna Insurance Group AG	255		12,355
W.R. Berkley Corp.	1,100		48,807
Willis Group Holdings PLC	1,400		55,286
XL Group PLC	2,803		84,931
Zurich Insurance Group AG	678		188,823

			7,354,736
Real Estate Investment Trusts - 0.0%
Ryman Hospitality Properties	565		25,849
Shopping Centres Australasia
Property Group (I)	675		1,164

			27,013
Real Estate Management & Development - 0.9%
AFI Development PLC, GDR (I)	5,263		3,629
Africa Israel Investments, Ltd. (I)	911		2,308
Agile Property Holdings, Ltd.	8,000		9,556
Alexander & Baldwin, Inc. (I)	400		14,300
Allreal Holding AG	57		8,288
Altisource Asset Management Corp. (I)	60		8,100
Altisource Portfolio Solutions SA (I)	600		41,850
Altisource Residential Corp., Class B (I)	200		4,000
Asia Standard International Group	20,000		3,710
Associated International Hotels, Ltd.	2,000		5,681
Atrium European Real Estate, Ltd.	1,193		6,883
Atrium Ljungberg AB, Class B	157		2,194
AV Homes, Inc. (I)	100		1,333
Ayala Land, Inc.	24,800		19,847
BR Malls Participacoes SA	2,600		32,527
Brasil Brokers Participacoes SA	2,200		7,882
Brookfield Asset Management, Inc. (L)	1,300		47,477
Brookfield Office Properties, Inc.	700		12,018
Bukit Sembawang Estates, Ltd.	2,000		11,455
Bumi Serpong Damai PT	40,000		7,215


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Real Estate Management & Development (continued)
Bund Center Investment, Ltd.	9,000	$	1,672
C C Land Holdings, Ltd.	7,000		2,153
CA Immobilien Anlagen AG	23		303
Capital & Counties Properties PLC	408		1,689
Capital & Regional PLC (I)	1,359		681
CapitaLand, Ltd.	12,000		34,238
CapitaMalls Asia, Ltd.	8,000		13,256
Castellum AB	536		7,636
CBRE Group, Inc., Class A (I)	2,500		63,125
Cheung Kong Holdings, Ltd.	5,000		73,926
China Overseas Grand Oceans Group, Ltd.	6,000		7,928
China Overseas Land & Investment, Ltd.	18,960		52,603
China Resources Land, Ltd.	12,000		33,697
Chong Hong Construction Company	2,141		7,074
City Developments, Ltd.	3,000		27,473
Consolidated-Tomoka Land Company	67		2,630
Country Garden Holdings Company, Ltd. (I)	33,571		16,675
CSI Properties, Ltd	103,682		4,823
Daikyo, Inc.	1,000		3,516
Daito Trust Construction Company, Ltd.	300		25,726
Daiwa House Industry Company, Ltd.	2,000		39,160
Deutsche Wohnen AG	1,346		24,481
Development Securities PLC	1,830		4,190
DLF, Ltd.	2,243		9,804
Evergrande Real Estate Group, Ltd.	25,000		10,082
Fabege AB (L)	1,258		12,869
Far East Consortium International, Ltd.	13,000		4,343
First Capital Realty, Inc.	173		3,227
FirstService Corp. (I)	200		6,668
Forest City Enterprises, Inc., Class A (I)	1,400		24,878
Forestar Group, Inc. (I)(L)	400		8,744
Franshion Properties China, Ltd.	40,000		12,997
GAGFAH SA (I)	1,288		15,823
Glorious Property Holdings, Ltd. (I)	45,000		7,144
Goldcrest Company, Ltd.	170		4,244
Greentown China Holdings, Ltd. (I)	11,500		21,620
Growthpoint Properties, Ltd.	8,759		25,671
Hang Lung Group, Ltd.	6,000		33,818
Hang Lung Properties, Ltd.	9,000		33,719
Heiwa Real Estate Company, Ltd.	700		13,926
Helical Bar PLC	514		1,849
Henderson Land Development Company, Ltd.	4,036		27,627
Highwealth Construction Corp.	4,000		8,348
Hopson Development Holdings, Ltd. (I)	6,000		8,686
Housing Development
& Infrastructure, Ltd. (I)	1,200		1,030
Huaku Development Company, Ltd.	3,338		8,362
Hufvudstaden AB, Class A	503		6,320
Hulic Company, Ltd. (I)	1,800		14,832
Hung Poo Real Estate Development Corp.	5,499		5,865
Hysan Development Company, Ltd.	3,000		15,237
Iguatemi Empresa de Shopping Centers SA	356		4,484
Indiabulls Real Estate, Ltd. (I)	4,034		4,073
IVG Immobilien AG (I)	1,471		1,233
JHSF Participacoes SA	2,000		7,581
Jones Lang LaSalle, Inc.	500		49,705
K Wah International Holdings, Ltd.	17,000		9,555
Kennedy-Wilson Holdings, Inc. (L)	800		12,408
Kerry Properties, Ltd.	3,000		13,371
KLCC Property Holdings BHD	7,300		15,711
Kungsleden AB	1,328		8,565
Kuoyang Construction Company, Ltd.	13,000		7,683
KWG Property Holding, Ltd.	14,500		9,103

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Real Estate Management & Development (continued)
Land and Houses PCL, NVDR	33,200	$	14,520
Lend Lease Corp.	3,480		37,068
Lippo Karawaci Tbk PT	62,500		8,811
Longfor Properties Company, Ltd.	5,053		8,387
LPS Brasil Consultoria de Imoveis SA	500		8,900
Midland Holdings, Ltd.	10,000		4,433
Mingfa Group International Company, Ltd.	16,000		5,341
Mitsubishi Estate Company, Ltd.	4,000		113,346
Mitsui Fudosan Company, Ltd.	2,000		57,053
Mobimo Holding AG	62		13,909
Multiplan Empreendimentos Imobiliarios SA	279		8,023
New World Development Company, Ltd.	18,036		30,664
Parque Arauco SA	801		2,071
Peet, Ltd. (I)	3,526		4,589
Poly Property Group Company, Ltd. (I)	11,000		7,026
Prelios SpA (I)	2,380		237
Pruksa Real Estate PCL	8,900		9,117
PSP Swiss Property AG	76		6,925
Quintain Estates & Development PLC (I)	3,488		3,561
Radium Life Tech Company, Ltd.	2,626		2,393
Renhe Commercial
Holdings Company, Ltd. (I)	56,000		3,367
Resilient Property Income Fund, Ltd.	206		1,221
Ruentex Development Company, Ltd.	1,390		2,843
Savills PLC	2,183		18,107
Sentul City Tbk PT (I)	105,000		3,358
Servcorp, Ltd.	1,145		4,504
Shenzhen Investment, Ltd.	44,000		17,674
Shui On Land, Ltd.	12,847		5,529
Sinarmas Land, Ltd.	9,000		3,307
Sino Land Company, Ltd.	14,474		24,605
Sino-Ocean Land Holdings, Ltd.	18,596		11,305
Sinolink Worldwide Holdings, Ltd. (I)	58,000		4,792
SM Development Corp.	8,910		1,850
SM Prime Holdings, Ltd.	23,500		10,976
Sobha Developers, Ltd.	1,142		7,275
SOHO China, Ltd.	15,000		12,508
St. Modwen Properties PLC	1,033		4,061
Sumitomo Realty &
Development Company, Ltd.	1,000		38,939
Summarecon Agung Tbk PT	24,500		6,242
Sun Hung Kai Properties, Ltd.	6,202		83,554
TAG Immobilien AG	734		8,404
Technopolis PLC	1,351		6,480
Tejon Ranch Company (I)	338		10,066
The Howard Hughes Corp. (I)	105		8,800
The St. Joe Company (I)(L)	1,000		21,250
Tian An China Investment, Ltd.	12,000		7,862
Tokyo Rakutenchi Company, Ltd.	1,000		4,811
Tokyo Tatemono Company, Ltd.	3,000		21,423
Tokyu Land Corp.	3,000		28,285
UEM Land Holdings BHD (I)	2,800		2,435
Unite Group PLC	371		1,815
Unitech, Ltd. (I)	9,169		4,012
United Industrial Corp, Ltd.	5,000		12,308
Vukile Property Fund, Ltd.	2,185		4,511
Wharf Holdings, Ltd.	7,000		62,608
Wheelock and Company, Ltd.	5,000		26,816
Wihlborgs Fastigheter AB	722		11,893
Wing Tai Holdings, Ltd.	2,175		3,338
Yanlord Land Group, Ltd. (I)	7,000		8,490
Yuexiu Property Company, Ltd.	62,949		18,204

			2,076,315


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Thrifts & Mortgage Finance - 0.2%
Astoria Financial Corp.	500	$	4,930
Bank Mutual Corp.	1,200		6,636
BankFinancial Corp.	300		2,427
Beneficial Mutual Bancorp, Inc. (I)	323		3,327
Berkshire Hills Bancorp, Inc.	256		6,538
BofI Holding, Inc. (I)	300		10,764
Brookline Bancorp, Inc.	900		8,226
Capitol Federal Financial, Inc.	1,137		13,724
Clifton Savings Bancorp, Inc.	500		6,230
Dime Community Bancshares, Inc.	400		5,744
ESSA Bancorp, Inc.	200		2,168
Federal Agricultural Mortgage Corp., Class C	300		9,237
First Financial Northwest, Inc. (I)	500		3,905
Flushing Financial Corp.	655		11,096
Home Federal Bancorp, Inc.	200		2,560
Hudson City Bancorp, Inc.	5,200		44,928
Kearny Financial Corp.	500		5,100
LIC Housing Finance, Ltd.	3,411		14,157
Meridian Interstate Bancorp, Inc. (I)	400		7,500
MGIC Investment Corp. (I)	1,700		8,415
New York Community Bancorp, Inc. (L)	4,152		59,581
Northfield Bancorp, Inc.	420		4,771
Northwest Bancshares, Inc. (L)	1,225		15,545
OceanFirst Financial Corp.	200		2,884
Ocwen Financial Corp. (I)	1,300		49,296
Oritani Financial Corp. (L)	735		11,385
People’s United Financial, Inc.	3,363		45,199
Provident Financial Services, Inc.	400		6,108
Provident New York Bancorp	800		7,256
Radian Group, Inc.	2,100		22,491
Rockville Financial, Inc.	303		3,927
Roma Financial Corp. (I)	200		3,212
Territorial Bancorp, Inc.	200		4,756
TFS Financial Corp. (I)	1,900		20,577
Tree.com, Inc.	20		370
TrustCo Bank Corp.	1,600		8,928
ViewPoint Financial Group	420		8,446
Washington Federal, Inc.	1,000		17,500
Waterstone Financial, Inc. (I)	200		1,654
Westfield Financial, Inc.	400		3,112

			474,610

			32,976,010
Health Care - 6.7%
Biotechnology - 0.8%
Acorda Therapeutics, Inc. (I)	400		12,812
Actelion, Ltd.	514		27,932
Affymax, Inc. (I)	500		695
Alexion Pharmaceuticals, Inc. (I)	800		73,712
Alkermes PLC (I)	1,000		23,710
Alnylam Pharmaceuticals, Inc. (I)	400		9,748
AMAG Pharmaceuticals, Inc. (I)	300		7,155
Amgen, Inc.	4,405		451,557
Ariad Pharmaceuticals, Inc. (I)	2,200		39,798
Arqule, Inc. (I)	600		1,554
Bavarian Nordic A/S (I)	450		5,336
Biogen Idec, Inc. (I)	1,008		194,453
BioMarin Pharmaceutical, Inc. (I)(L)	700		43,582
Biotest AG	64		4,795
Cangene Corp. (I)	400		1,142
Celgene Corp. (I)	1,757		203,654
Cepheid, Inc. (I)(L)	451		17,305
CSL, Ltd.	1,507		93,323

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Biotechnology (continued)
Cubist Pharmaceuticals, Inc. (I)	600	$	28,092
Elan Corp. PLC, ADR (I)	1,912		22,562
Emergent Biosolutions, Inc. (I)	500		6,990
Enzon Pharmaceuticals, Inc. (L)	700		2,660
Galapagos NV (I)	188		4,599
Genmab A/S (I)	380		8,835
Genus PLC	575		13,814
Gilead Sciences, Inc. (I)	5,800		283,794
Grifols SA (I)	798		29,674
Immunomedics, Inc. (I)	900		2,169
Incyte Corp. (I)(L)	1,300		30,433
Intercell AG (I)	488		1,058
Medivation, Inc. (I)	400		18,708
Medivir AB (I)	250		3,106
Momenta Pharmaceuticals, Inc. (I)	600		8,004
Myriad Genetics, Inc. (I)	800		20,320
Onyx Pharmaceuticals, Inc. (I)	400		35,544
Osiris Therapeutics, Inc. (I)	500		5,200
PDL BioPharma, Inc. (L)	1,900		13,889
Progenics Pharmaceuticals, Inc. (I)	200		1,078
Prothena Corp. PLC (I)	46		308
Regeneron Pharmaceuticals, Inc. (I)	500		88,200
Rigel Pharmaceuticals, Inc. (I)	800		5,432
RNL BIO Company, Ltd. (I)	920		1,104
Sangamo Biosciences, Inc. (I)(L)	700		6,692
Seattle Genetics, Inc. (I)(L)	800		28,408
Spectrum Pharmaceuticals, Inc.	1,100		8,206
Swedish Orphan Biovitrum AB (I)	35		225
Theravance, Inc. (I)(L)	191		4,511
ThromboGenics NV (I)	334		16,125
United Therapeutics Corp. (I)	300		18,261
Vertex Pharmaceuticals, Inc. (I)	1,000		54,980
Vical, Inc. (I)	900		3,582
Zeltia SA (I)	2,108		3,461

			1,992,287
Health Care Equipment & Supplies - 1.1%
Abaxis, Inc. (L)	200		9,464
Abbott Laboratories	5,994		211,708
Accuray, Inc. (I)	1,095		5,081
Alere, Inc. (I)	800		20,424
Align Technology, Inc. (I)	1,000		33,510
Analogic Corp.	200		15,804
Anika Therapeutics, Inc. (I)	500		7,260
Ansell, Ltd.	679		11,413
ArthroCare Corp. (I)	300		10,428
Baxter International, Inc.	2,300		167,072
Becton, Dickinson and Company	996		95,228
BioMerieux SA	114		10,755
Biosensors International Group, Ltd. (I)	6,000		6,341
Boston Scientific Corp. (I)	12,401		96,852
C.R. Bard, Inc.	600		60,468
Cantel Medical Corp.	300		9,018
CareFusion Corp. (I)	1,882		65,851
Cie Generale d’Optique
Essilor International SA	776		86,372
Cochlear, Ltd.	210		14,908
Coloplast A/S	440		23,664
Conceptus, Inc. (I)	500		12,075
CONMED Corp.	200		6,812
Covidien PLC	2,571		174,417
Cutera, Inc. (I)	300		3,900
Cyberonics, Inc. (I)	200		9,362
DENTSPLY International, Inc.	1,400		59,388


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Health Care Equipment & Supplies (continued)
DiaSorin SpA (L)	185	$	6,476
Edwards Lifesciences Corp. (I)	600		49,296
Elekta AB, Series B	2,004		30,437
Exactech, Inc. (I)	100		2,069
Getinge AB, B Shares (L)	1,295		39,556
Given Imaging, Ltd. (I)	15		241
GN Store Nord A/S	2,000		35,660
Greatbatch, Inc. (I)	300		8,961
Haemonetics Corp. (I)(L)	400		16,664
Hill-Rom Holdings, Inc.	500		17,610
Hogy Medical Company, Ltd.	100		5,412
Hologic, Inc. (I)	2,200		49,720
ICU Medical, Inc. (I)(L)	200		11,790
IDEXX Laboratories, Inc. (I)	300		27,717
Integra LifeSciences Holdings Corp. (I)	300		11,703
Intuitive Surgical, Inc. (I)	200		98,238
Jeol, Ltd. (I)	1,000		4,484
Masimo Corp.	200		3,924
Medical Action Industries, Inc. (I)	500		3,000
Medtronic, Inc.	5,144		241,562
Merit Medical Systems, Inc. (I)	375		4,598
Natus Medical, Inc. (I)	500		6,720
Neogen Corp. (I)	250		12,393
Nihon Kohden Corp.	400		14,120
Nipro Corp.	800		7,182
Nissui Pharmaceutical Company, Ltd.	300		3,361
Nobel Biocare Holding AG	1,134		11,386
NuVasive, Inc. (I)	500		10,655
Olympus Corp. (I)	1,000		23,757
Orthofix International NV (I)	100		3,587
Palomar Medical Technologies, Inc. (I)	500		6,745
Quidel Corp. (I)(L)	400		9,500
ResMed, Inc. (L)	1,200		55,632
RTI Biologics, Inc. (I)	1,400		5,516
Sirona Dental Systems, Inc. (I)	400		29,492
Smith & Nephew PLC, ADR (L)	902		52,072
Sonova Holding AG	320		38,431
Sorin SpA (I)	818		2,105
Spectranetics Corp. (I)	700		12,971
St. Jude Medical, Inc.	1,390		56,212
STERIS Corp.	544		22,636
Straumann Holding AG	53		7,158
Stryker Corp.	1,625		106,015
SurModics, Inc. (I)	200		5,450
Symmetry Medical, Inc. (I)	400		4,580
Teleflex, Inc.	400		33,804
Terumo Corp.	500		21,495
The Cooper Companies, Inc.	500		53,940
Thoratec Corp. (I)	500		18,750
Top Glove Corp. BHD	5,200		9,074
Tornier BV (I)	400		7,540
Varian Medical Systems, Inc. (I)(L)	700		50,400
West Pharmaceutical Services, Inc.	200		12,988
William Demant Holdings A/S (I)	107		8,980
Wright Medical Group, Inc. (I)(L)	748		17,810
Ypsomed Holding AG	2		116
Zimmer Holdings, Inc.	1,800		135,396

			2,774,662
Health Care Providers & Services - 1.2%
Aetna, Inc.	1,800		92,016
Air Methods Corp. (L)	900		43,416
Almost Family, Inc.	100		2,043
Amedisys, Inc. (I)	500		5,560

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Health Care Providers & Services (continued)
AmerisourceBergen Corp.	1,100	$	56,595
Amil Participacoes SA	800		12,514
AMN Healthcare Services, Inc. (I)	400		6,332
Amplifon SpA	619		3,240
Amsurg Corp. (I)	500		16,820
Apollo Hospitals Enterprise, Ltd.	1,126		17,514
Assisted Living Concepts, Inc., Class A	263		3,127
Assura Group, Ltd.	5,036		2,716
Bio-Reference Labs, Inc. (I)(L)	400		10,392
BioScrip, Inc. (I)	700		8,897
Brookdale Senior Living, Inc. (I)	1,400		39,032
Capital Senior Living Corp. (I)	800		21,144
Cardinal Health, Inc.	1,565		65,135
Catamaran Corp. (I)	928		49,196
Celesio AG	622		11,680
Centene Corp. (I)	512		22,548
Chemed Corp.	200		15,996
Cigna Corp.	1,500		93,555
CML Healthcare, Inc.	327		2,337
Community Health Systems, Inc.	1,000		47,390
Corvel Corp. (I)	200		9,898
Coventry Health Care, Inc.	1,100		51,733
DaVita HealthCare Partners, Inc. (I)	700		83,013
Diagnosticos da America SA	2,500		14,339
Emeritus Corp. (I)	200		5,558
Express Scripts Holding Company (I)	4,691		270,436
Fleury SA	200		1,877
Fresenius Medical Care AG & Company
KGaA, ADR (L)	890		30,135
Fresenius SE & Company KGaA	522		64,432
Gentiva Health Services, Inc. (I)(L)	400		4,328
HCA Holdings, Inc.	800		32,504
Health Management
Associates, Inc., Class A (I)	2,700		34,749
Health Net, Inc. (I)	600		17,172
HealthSouth Corp. (I)	600		15,822
Healthways, Inc. (I)	600		7,350
Henry Schein, Inc. (I)(L)	800		74,040
Humana, Inc.	900		62,199
IPC The Hospitalist Company, Inc. (I)(L)	200		8,896
Kindred Healthcare, Inc. (I)(L)	741		7,803
Korian	384		8,403
Laboratory Corp. of America Holdings (I)	600		54,120
Landauer, Inc.	100		5,638
LHC Group, Inc. (I)	200		4,298
Life Healthcare Group Holdings, Ltd.	3,407		12,821
LifePoint Hospitals, Inc. (I)	500		24,230
Magellan Health Services, Inc. (I)	300		14,271
McKesson Corp.	1,200		129,552
MedCath Corp.	500		685
Medica SA	35		639
Mediclinic International, Ltd.	1,496		10,445
Medipal Holdings Corp.	800		11,266
MEDNAX, Inc. (I)	499		44,725
Miraca Holdings, Inc.	300		14,401
Molina Healthcare, Inc. (I)	900		27,783
MWI Veterinary Supply, Inc. (I)	200		26,452
National Healthcare Corp.	100		4,572
Netcare, Ltd.	1,489		3,211
Odontoprev SA	1,800		8,204
Omnicare, Inc. (L)	900		36,648
Oriola-KD OYJ	3,601		11,370
Orpea SA	163		6,789


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Health Care Providers & Services (continued)
Owens & Minor, Inc. (L)	350	$	11,396
Patterson Companies, Inc.	900		34,236
PDI, Inc. (I)	300		1,770
PharMerica Corp. (I)	600		8,400
Primary Health Care, Ltd.	5,118		26,458
Quest Diagnostics, Inc.	1,400		79,030
Ramsay Health Care, Ltd.	719		24,181
Rhoen-Klinikum AG	1,133		24,060
Ship Healthcare Holdings, Inc.	500		17,703
Sinopharm Group Company, Ltd., H Shares	1,600		5,169
Sonic Healthcare, Ltd.	1,778		25,946
Southern Cross Healthcare, Ltd. (I)	1,847		175
Suzuken Company, Ltd.	400		14,510
Team Health Holdings, Inc. (I)	600		21,828
Tenet Healthcare Corp. (I)	800		38,064
The Ensign Group, Inc.	200		6,680
The Providence Service Corp. (I)	400		7,396
Toho Holdings Company, Ltd.	300		6,904
Triple-S Management Corp., Class B (I)(L)	400		6,968
United Drug PLC	3,962		16,332
UnitedHealth Group, Inc.	5,506		314,998
Universal American Corp.	700		5,831
Universal Health Services, Inc., Class B	800		51,096
VCA Antech, Inc. (I)	900		21,141
Vital KSK Holdings, Inc.	1,200		11,638
WellCare Health Plans, Inc. (I)	400		23,184
WellPoint, Inc.	1,916		126,897

			2,837,993
Health Care Technology - 0.1%
AGFA Gevaert NV (I)	1,939		2,787
Allscripts Healthcare Solutions, Inc. (I)	1,400		19,026
athenahealth, Inc. (I)(L)	400		38,816
Cerner Corp. (I)	600		56,850
HMS Holdings Corp. (I)(L)	462		12,543
MedAssets, Inc. (I)	700		13,475
Medidata Solutions, Inc. (I)	300		17,394
Omnicell, Inc. (I)	600		11,328
Quality Systems, Inc.	500		9,140

			181,359
Life Sciences Tools & Services - 0.3%
Affymetrix, Inc. (I)(L)	1,200		5,664
Agilent Technologies, Inc.	1,500		62,955
Bachem Holding AG	51		2,119
Bio-Rad Laboratories, Inc., Class A (I)	300		37,800
Bruker Corp. (I)	1,400		26,740
Charles River
Laboratories International, Inc. (I)	500		22,135
Covance, Inc. (I)	500		37,160
EPS Company, Ltd.	4		5,958
Evotec AG (I)	1,151		3,327
Furiex Pharmaceuticals, Inc. (I)	125		4,685
Gerresheimer AG	197		11,319
Illumina, Inc. (I)	500		27,000
Life Technologies Corp. (I)	1,500		96,945
Lonza Group AG	368		23,898
Luminex Corp. (I)	500		8,260
Mettler-Toledo International, Inc. (I)	100		21,322
Morphosys AG (I)	113		4,618
Nordion, Inc. (I)	900		5,971
PAREXEL International Corp. (I)	600		23,706
PerkinElmer, Inc.	1,200		40,368
QIAGEN NV (I)	1,198		24,992

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Life Sciences Tools & Services (continued)
Siegfried Holding AG	58	$	7,546
Techne Corp.	225		15,266
Thermo Fisher Scientific, Inc.	2,411		184,417
Waters Corp. (I)	600		56,346

			760,517
Pharmaceuticals - 3.2%
AbbVie, Inc.	6,794		277,059
Acino Holding AG (I)	47		4,791
Actavis, Inc. (I)	1,300		119,743
Adcock Ingram Holdings, Ltd.	882		5,811
Alapis Holding Industrial and Commercial SA
of Pharmaceutical (I)	234		12
Allergan, Inc.	1,100		122,793
Almirall SA	494		6,177
Aspen Pharmacare Holdings, Ltd.	2,184		45,361
Astellas Pharma, Inc.	1,300		70,123
AstraZeneca PLC, ADR (L)	3,780		188,924
Bayer AG	2,535		261,556
Bristol-Myers Squibb Company	6,375		262,586
BTG PLC (I)	3,898		21,166
China Chemical &
Pharmaceutical Company, Ltd.	1,000		675
China Medical System Holdings, Ltd.	2,000		2,039
China Shineway Pharmaceutical Group, Ltd.	5,000		8,967
Chugai Pharmaceutical Company, Ltd.	300		6,691
CSPC Pharmaceutical Group, Ltd. (I)	14,000		5,970
Daiichi Sankyo Company, Ltd.	2,300		44,351
Dainippon Sumitomo Pharma Company, Ltd.	1,000		17,722
Dechra Pharmaceuticals PLC	545		6,208
Depomed, Inc. (I)	1,200		7,044
Dong-A Pharmaceutical Company, Ltd.	45		5,015
Dr. Reddy’s Laboratories, Ltd., ADR (L)	384		12,422
EGIS Pharmaceuticals PLC	22		1,668
Eisai Company, Ltd.	600		26,873
Eli Lilly & Company	4,400		249,876
Endo Health Solutions, Inc. (I)	1,100		33,836
Faes Farma SA	498		1,288
Forest Laboratories, Inc. (I)	2,400		91,296
Galenica Holding AG	30		18,103
Genomma Lab Internacional
SAB de CV (I)(L)	3,800		9,312
GlaxoSmithKline Pharmaceuticals, Ltd.	235		9,626
GlaxoSmithKline PLC, ADR (L)	6,151		288,543
Glenmark Pharmaceuticals, Ltd.	334		2,840
Green Cross Holdings Corp.	480		7,598
H. Lundbeck A/S	487		8,983
Hanmi Pharm Company, Ltd. (I)	17		2,457
Hanmi Science Company, Ltd. (I)	26		242
Hi-Tech Pharmacal Company, Inc. (L)	200		6,622
Hisamitsu Pharmaceutical Company, Inc.	300		16,251
Hospira, Inc. (I)	1,400		45,962
Impax Laboratories, Inc. (I)	700		10,808
Ipsen SA	190		6,799
Jazz Pharmaceuticals PLC (I)	401		22,420
Johnson & Johnson	11,335		924,143
Kaken Pharmaceutical Company, Ltd.	1,000		18,164
Kissei Pharmaceutical Company, Ltd.	500		10,607
Kyowa Hakko Kogyo Company, Ltd.	2,000		22,674
Lannett Company, Inc. (I)	600		6,066
LG Life Sciences, Ltd. (I)	173		8,837
Lupin, Ltd.	519		5,993
Meda AB	1,953		23,202
Merck & Company, Inc.	15,305		676,940


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Pharmaceuticals (continued)
Merck KGaA	311	$	46,934
Mitsubishi Tanabe Pharma Corp.	600		9,190
Mylan, Inc. (I)	3,200		92,608
Nippon Shinyaku Company, Ltd.	1,000		14,273
Novartis AG	1,146		81,608
Novartis AG, ADR	5,725		407,849
Novo Nordisk A/S, ADR	1,149		185,564
Ono Pharmaceutical Company, Ltd.	400		24,761
Orion OYJ	460		12,104
Orion OYJ, Series A	170		4,433
Otsuka Holdings Company, Ltd.	300		10,448
Pain Therapeutics, Inc.	900		3,087
Perrigo Company	400		47,492
Pfizer, Inc.	35,524		1,025,223
Pharmaxis, Ltd. (I)	8,412		2,906
Piramal Enterprises, Ltd.	482		5,400
Questcor Pharmaceuticals, Inc. (L)	900		29,286
Ranbaxy Laboratories, Ltd. (I)	764		6,234
Recordati SpA	1,275		11,558
Richter Gedeon Nyrt	89		12,451
Roche Holdings AG	2,022		472,083
Roche Holdings AG (SIX Swiss Exchange)	72		16,865
Rohto Pharmaceutical Company, Ltd.	1,000		13,891
Salix Pharmaceuticals, Ltd. (I)	700		35,826
Sanofi, ADR	7,547		385,501
Santarus, Inc. (I)	1,300		22,529
Santen Pharmaceutical Company, Ltd.	400		18,564
Sawai Pharmaceutical Company, Ltd.	100		11,884
Seikagaku Corp.	100		1,084
Shionogi & Company, Ltd.	1,500		30,383
Shire PLC, ADR	715		65,322
Sihuan Pharmaceutical Holdings Group, Ltd.	4,000		1,986
Sino Biopharmaceutical	20,000		13,987
Stada Arzneimittel AG	532		21,778
Strides Arcolab, Ltd.	487		7,855
Sun Pharmaceutical Industries, Ltd.	965		14,567
Takeda Pharmaceutical Company, Ltd.	2,300		125,901
Teva Pharmaceutical Industries, Ltd., ADR	2,808		111,421
The Medicines Company (I)	400		13,368
Tsumura & Company, Ltd.	400		14,629
UCB SA	475		30,346
United Laboratories
International Holdings, Ltd. (I)	7,500		3,347
Valeant Pharmaceuticals International, Inc.
(Toronto Exchange) (I)	846		63,467
Vectura Group PLC (I)	4,498		6,208
ViroPharma, Inc. (I)(L)	986		24,808
Warner Chilcott PLC, Class A	1,500		20,325
Wockhardt, Ltd. (I)	291		10,680
Yuhan Corp.	106		18,141

			7,671,390

			16,218,208
Industrials - 9.6%
Aerospace & Defense - 1.1%
AAR Corp.	700		12,873
Aerovironment, Inc. (I)	300		5,439
Alliant Techsystems, Inc.	400		28,972
American Science & Engineering, Inc.	100		6,099
AviChina Industry & Technology
Company, Ltd., H Shares	8,000		3,973
B/E Aerospace, Inc. (I)	820		49,438
BAE Systems PLC	16,678		100,108

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Aerospace & Defense (continued)
Bombardier, Inc.	4,300	$	17,059
CAE, Inc.	1,009		9,863
Chemring Group PLC	1,365		5,400
Cobham PLC	7,963		29,465
Cubic Corp.	300		12,816
Curtiss-Wright Corp.	600		20,820
DigitalGlobe, Inc. (I)	956		27,651
Ducommun, Inc. (I)	100		1,979
Elbit Systems, Ltd.	100		4,214
Embraer SA, ADR	850		30,320
Engility Holdings, Inc. (I)	183		4,388
Esterline Technologies Corp. (I)	200		15,140
European Aeronautic Defence &
Space Company NV	1,209		61,640
Exelis, Inc.	1,113		12,121
Finmeccanica SpA (I)	3,480		16,815
Forjas Taurus SA	139		208
GenCorp, Inc. (I)(L)	500		6,650
General Dynamics Corp.	1,565		110,348
HEICO Corp.	125		5,426
HEICO Corp., Class A	250		8,578
Hexcel Corp. (I)	1,000		29,010
Honeywell International, Inc.	2,898		218,364
Huntington Ingalls Industries, Inc.	466		24,852
L-3 Communications Holdings, Inc.	1,100		89,012
LMI Aerospace, Inc. (I)	200		4,158
Lockheed Martin Corp.	1,100		106,172
Meggitt PLC	5,021		37,602
MTU Aero Engines Holding AG	206		19,528
National Presto Industries, Inc.	100		8,050
Northrop Grumman Corp.	1,200		84,180
Orbital Sciences Corp. (I)	900		15,021
Precision Castparts Corp.	633		120,029
QinetiQ Group PLC	11,015		34,733
Raytheon Company	2,100		123,459
Rockwell Collins, Inc. (L)	865		54,599
Rolls-Royce Holdings PLC	9,783		168,107
S&T Dynamics Company, Ltd.	570		6,627
Saab AB	662		14,346
Safran SA	698		31,190
Singapore Technologies Engineering, Ltd.	6,000		20,897
Spirit Aerosystems Holdings, Inc., Class A (I)	1,200		22,788
Taser International, Inc. (I)	400		3,180
Teledyne Technologies, Inc. (I)	300		23,532
Textron, Inc.	2,400		71,544
Thales SA	402		17,018
The Boeing Company	2,800		240,380
TransDigm Group, Inc.	300		45,876
Triumph Group, Inc.	400		31,400
Ultra Electronics Holdings PLC	436		11,405
United Technologies Corp.	4,000		373,720
Zodiac Aerospace	219		25,532

			2,684,114
Air Freight & Logistics - 0.3%
Air Transport Services Group, Inc. (I)	1,300		7,579
Atlas Air Worldwide Holdings, Inc. (I)	400		16,304
C.H. Robinson Worldwide, Inc.	763		45,368
Deutsche Post AG	2,841		65,562
Expeditors International of Washington, Inc.	1,100		39,281
FedEx Corp.	1,430		140,426
Freightways, Ltd.	3,835		14,557
Hanjin Transportation Company, Ltd.	140		3,033
Hub Group, Inc., Class A (I)	300		11,538


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Air Freight & Logistics (continued)
Hyundai Glovis Company, Ltd.	48	$	8,293
Kerry TJ Logistics Company, Ltd.	4,000		6,279
Kintetsu World Express, Inc.	100		3,719
Pacer International, Inc. (I)	200		1,006
Park-Ohio Holdings Corp. (I)	300		9,939
PostNL NV (I)	1,973		3,960
Shibusawa Warehouse Company, Ltd.	1,000		6,197
Sinotrans, Ltd., H Shares	11,000		2,300
TNT Express NV	1,760		12,947
Toll Holdings, Ltd.	3,609		22,362
United Parcel Service, Inc., Class B	2,777		238,544
UTi Worldwide, Inc.	1,000		14,480
Wincanton PLC (I)	620		412
Yamato Transport Company, Ltd.	2,400		43,549

			717,635
Airlines - 0.3%
Air China, Ltd., H Shares	4,000		3,565
Air France KLM (I)	1,136		10,737
Alaska Air Group, Inc. (I)	700		44,772
All Nippon Airways Company, Ltd.	3,000		6,193
Asiana Airlines, Inc. (I)	1,080		5,547
Cathay Pacific Airways, Ltd.	8,000		13,691
China Airlines, Ltd. (I)	24,511		9,561
China Eastern Airlines Corp., Ltd.,
H Shares (I)	6,000		2,605
China Southern Airlines Company, Ltd.,
H Shares	10,000		5,735
Delta Air Lines, Inc. (I)	5,500		90,805
Deutsche Lufthansa AG	1,546		30,203
easyJet PLC	2,043		33,566
Eva Airways Corp. (I)	13,112		7,755
Gol Linhas Aereas
Inteligentes SA, ADR (I)(L)	900		5,355
Hawaiian Holdings, Inc. (I)(L)	1,000		5,760
International Consolidated
Airlines Group SA (I)	7,304		28,232
JetBlue Airways Corp. (I)(L)	3,231		22,294
Korean Air Lines Company, Ltd. (I)	130		4,756
Latam Airlines Group SA (I)	1,170		24,636
Latam Airlines Group SA, ADR	200		4,348
Malaysian Airline System BHD (I)	8,000		1,932
Norwegian Air Shuttle ASA (I)	300		10,918
Qantas Airways, Ltd. (I)	5,035		9,371
Singapore Airlines, Ltd.	3,000		26,324
SkyWest, Inc.	100		1,605
Southwest Airlines Company	6,509		87,741
Thai Airways International PCL	6,600		6,029
Turk Hava Yollari (I)	3,051		12,493
United Continental Holdings, Inc. (I)	3,094		99,039
US Airways Group, Inc. (I)(L)	1,010		17,140
Virgin Australia Holdings, Ltd. (I)	16,061		84
Virgin Australia Holdings, Ltd.
(Australian Exchange) (I)	16,061		6,951

			639,743
Building Products - 0.3%
AAON, Inc.	450		12,416
AFG Arbonia-Forster Holding AG (I)	54		1,458
American Woodmark Corp. (I)	100		3,403
AO Smith Corp.	450		33,107
Apogee Enterprises, Inc.	400		11,580
Armstrong World Industries, Inc. (I)	500		27,945
Asahi Glass Company, Ltd.	4,000		27,780

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Building Products (continued)
Assa Abloy AB, Series B	2,028	$	82,952
Belimo Holding AG	4		9,234
Bunka Shutter Company, Ltd.	2,000		10,322
Cie de Saint-Gobain	1,580		58,640
Daikin Industries, Ltd.	600		23,666
Fortune Brands Home & Security, Inc. (I)	2,100		78,603
Geberit AG	153		37,693
Gibraltar Industries, Inc. (I)	200		3,650
Griffon Corp.	653		7,784
GWA International, Ltd.	1,367		3,606
Hills Industries, Ltd.	1,154		1,346
Insteel Industries, Inc.	280		4,570
Lennox International, Inc.	400		25,396
LG Hausys, Ltd.	28		2,135
Lindab International AB	600		4,842
LIXIL Group Corp.	1,600		31,918
Masco Corp.	3,500		70,875
Nibe Industrier AB	654		11,375
Nippon Sheet Glass Company, Ltd. (I)	11,000		12,224
Nitto Boseki Company, Ltd. (I)	2,000		7,654
Owens Corning, Inc. (I)	1,020		40,219
Quanex Building Products Corp.	500		8,050
Rockwool International A/S	100		12,228
Sankyo Tateyama, Inc. (I)	200		4,149
Sanwa Shutter Corp.	2,000		10,377
Simpson Manufacturing Company, Inc. (L)	400		12,244
Sintex Industries, Ltd.	1,509		1,283
Systemair AB	211		3,370
Takara Standard Company, Ltd.	1,000		7,857
Takasago Thermal Engineering Company, Ltd.	1,000		8,300
TOTO, Ltd.	2,000		17,964
Trex Company, Inc. (I)	300		14,754
Universal Forest Products, Inc.	300		11,943
USG Corp. (I)	1,400		37,016
Wienerberger AG (L)	1,142		13,657
Zehnder Group AG	185		8,031

			817,616
Commercial Services & Supplies - 0.7%
3M India, Ltd. (I)	25		1,724
ABM Industries, Inc.	600		13,344
ACCO Brands Corp. (I)(L)	1,612		10,768
Aggreko PLC	1,134		30,832
ARC Document Solutions, Inc. (I)	800		2,384
Avery Dennison Corp. (L)	800		34,456
Babcock International Group PLC	1,783		29,549
Berendsen PLC	1,296		15,483
Bilfinger SE	293		30,460
Blue Label Telecoms, Ltd.	3,672		3,151
Brambles, Ltd.	5,274		46,670
Cabcharge Australia, Ltd.	479		2,294
China Everbright International, Ltd.	16,000		11,428
Cintas Corp.	1,168		51,544
Clean Harbors, Inc. (I)(L)	493		28,638
Consolidated Graphics, Inc. (I)	200		7,820
Copart, Inc. (I)	1,400		47,992
Corrections Corp. of America	862		33,678
Courier Corp.	200		2,882
Covanta Holding Corp.	1,384		27,888
Dai Nippon Printing Company, Ltd.	4,000		38,187
Daiseki Company, Ltd.	500		8,492
De La Rue PLC	1,136		16,875
Deluxe Corp. (L)	400		16,560
Derichebourg SA (I)	416		1,649


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Services & Supplies (continued)
Downer EDI, Ltd.	1,628	$	8,442
Duskin Company, Ltd.	600		12,122
Edenred	625		20,466
Ennis, Inc.	200		3,014
Fuel Tech, Inc. (I)	500		2,160
G&K Services, Inc., Class A	200		9,102
G4S PLC	6,767		30,045
Gategroup Holding AG (I)	136		2,561
GL Events SA	168		3,650
Gunnebo AB	1,340		6,521
Herman Miller, Inc.	400		11,068
HNI Corp. (L)	600		21,294
Homeserve PLC	3,340		10,184
Horizon North Logistics, Inc.	240		1,349
InnerWorkings, Inc. (I)	1,000		15,140
Interface, Inc. (L)	800		15,376
Intersections, Inc.	206		1,938
Intrum Justitia AB	459		8,879
Iron Mountain, Inc.	1,205		43,754
K-Green Trust	1,400		1,249
Kimball International, Inc., Class B	200		1,812
Kokuyo Company, Ltd.	500		3,845
Lassila & Tikanoja OYJ	363		5,838
Loomis AB	512		9,534
McGrath RentCorp. (L)	200		6,220
Mine Safety Appliances Company	400		19,848
Mitie Group PLC	2,329		9,943
Mitsubishi Pencil Company, Ltd.	200		3,671
Moshi Moshi Hotline, Inc.	400		5,702
Mvelaserve, Ltd. (I)	2,549		2,336
NL Industries, Inc.	400		4,972
Orell Fuessli Holding AG	16		1,526
PayPoint PLC	1,027		13,843
Pitney Bowes, Inc. (L)	1,400		20,804
Programmed Maintenance Services, Ltd.	3,918		10,494
Progressive Waste Solutions, Ltd.	233		4,928
R.R. Donnelley & Sons Company (L)	1,800		21,690
Regus PLC	6,222		15,089
Rentokil Initial PLC	15,959		24,358
Republic Services, Inc. (L)	3,305		109,065
Ritchie Brothers Auctioneers, Inc.	700		15,242
Rollins, Inc.	950		23,323
RPS Group PLC	1,673		6,815
S1 Corp.	180		10,070
Schawk, Inc.	500		5,495
Seche Environnement SA	29		1,030
Secom Company, Ltd.	500		25,835
Securitas AB, Series B	2,105		19,839
Serco Group PLC	2,550		24,369
Shanks Group PLC	2,270		2,711
Societe BIC SA	122		14,177
Sohgo Security Services Company, Ltd.	1,000		14,665
Standard Parking Corp. (I)	200		4,140
Steelcase, Inc., Class A	1,200		17,676
Stericycle, Inc. (I)	500		53,090
Taiwan Secom Company, Ltd.	4,000		9,033
Team, Inc. (I)	400		16,428
Tetra Tech, Inc. (I)	800		24,392
The ADT Corp.	1,264		61,860
The Brink’s Company	300		8,478
The Geo Group, Inc.	714		26,861
Tomra Systems ASA	800		7,810
Toppan Forms Company, Ltd.	800		7,766

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Services & Supplies (continued)
Toppan Printing Company, Ltd.	3,000	$	21,638
Transcontinental, Inc., Class A	500		6,207
Transfield Services, Ltd.	6,866		13,095
Transpacific Industries Group, Ltd. (I)	6,167		6,389
Tyco International, Ltd.	2,129		68,128
UniFirst Corp.	200		18,100
United Stationers, Inc.	400		15,460
US Ecology, Inc.	100		2,655
Valid Solucoes e Servicos de Seguranca em
Meios de Pagamento e Identificacao SA	220		4,221
Viad Corp.	400		11,064
Waste Connections, Inc.	1,250		44,975
Waste Management, Inc.	2,333		91,477
WHK Group, Ltd.	5,300		5,603

			1,748,697
Construction & Engineering - 0.6%
Abengoa SA	391		1,109
Abengoa SA, B Shares	1,564		3,889
ACS Actividades de Construccion
y Servicios SA	639		14,931
AECOM Technology Corp. (I)	900		29,520
Aecon Group, Inc.	1,200		15,404
Aegion Corp. (I)(L)	700		16,205
Arcadis NV	353		9,772
Astaldi SpA	400		2,764
Aveng, Ltd.	2,595		9,114
Balfour Beatty PLC	4,923		17,614
Bauer AG	199		5,080
Besalco SA	5,468		10,194
Bird Construction, Inc.	47		613
Boart Longyear, Ltd.	4,209		5,635
Bouygues SA	1,092		29,640
Cardno, Ltd.	828		5,941
Carillion PLC	3,896		16,167
Chicago Bridge & Iron Company NV	68		4,223
China Communications Construction
Company, Ltd., H Shares	21,787		20,352
China Railway Construction Corp., H Shares	13,500		12,851
China Railway Group, Ltd., H Shares	23,000		11,733
China State Construction
International Holdings, Ltd.	1,600		2,191
Chung Hsin Electric &
Machinery Manufacturing Corp.	1,000		544
Churchill Corp.	400		2,961
Comfort Systems USA, Inc.	400		5,636
Consolidated Infrastructure Group, Ltd. (I)	116		246
Cosco International Holdings, Ltd.	22,427		9,576
CTCI Corp.	6,000		11,593
Daelim Industrial Company, Ltd.	115		9,462
Doosan Heavy Industries and
Construction Company, Ltd.	275		11,138
Dycom Industries, Inc. (I)	500		9,845
Eiffage SA	234		9,915
Ellaktor SA (I)	2,313		4,595
EMCOR Group, Inc.	600		25,434
Empresas ICA SAB de CV (I)	8,100		26,930
Ferrovial SA	2,357		37,553
FLSmidth & Company A/S, B Shares	389		23,633
Fluor Corp.	1,100		72,963
Fomento de Construcciones
y Contratas SA (L)	377		3,600
Furmanite Corp. (I)	344		2,301
Galliford Try PLC	1,829		25,615


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Construction & Engineering (continued)
Gammon India, Ltd.	1,883	$	799
Gamuda BHD	12,700		16,948
GEK Terna Holding Real
Estate Construction SA (I)	925		1,897
GMR Infrastructure, Ltd. (I)	11,509		4,649
Granite Construction, Inc.	500		15,920
Great Lakes Dredge & Dock Corp.	800		5,384
Grontmij (I)	859		3,742
Group Five, Ltd.	927		3,629
GS Engineering & Construction Corp.	209		10,169
Halla Engineering & Construction Corp.	260		1,563
Heijmans NV	103		926
Hindustan Construction Company, Ltd. (I)	4,756		1,193
HKC Holdings, Ltd.	27,770		969
Hochtief AG (I)	251		16,332
Hyundai Development Company	490		10,934
Hyundai Engineering &
Construction Company, Ltd.	310		18,564
IJM Corp. BHD	6,200		11,039
Implenia AG	111		6,067
Impregilo SpA	2,604		13,368
Impulsora del Desarrollo y El Empleo en
America Latina SAB de CV (I)	13,100		28,268
Interchina Holdings Company (I)	15,000		804
IVRCL, Ltd. (I)	6,650		2,395
Jacobs Engineering Group, Inc. (I)	1,300		73,112
JGC Corp.	1,000		25,653
Kajima Corp.	5,000		13,592
Kandenko Company, Ltd.	1,000		4,613
KBR, Inc.	1,500		48,120
Keller Group PLC	325		4,027
KEPCO Engineering &
Construction Company, Inc.	50		3,982
Kier Group PLC	213		3,799
Kinden Corp.	1,000		6,562
Koninklijke BAM Groep NV	2,400		9,734
Koninklijke Boskalis Westinster NV	422		16,775
Kumho Industrial Company, Ltd. (I)	4		54
Kyowa Exeo Corp.	1,000		10,747
Lanco Infratech, Ltd. (I)	6,722		1,279
Larsen & Toubro, Ltd.	474		11,950
Layne Christensen Company (I)(L)	400		8,552
Leighton Holdings, Ltd.	671		14,402
Macmahon Holdings, Ltd.	8,180		1,969
Maeda Road Construction Company, Ltd.	1,000		13,685
Malaysian Resources Corp. BHD	19,050		8,935
MasTec, Inc. (I)(L)	1,000		29,150
Metallurgical Corp. of China, Ltd.,
H Shares (I)	3,000		581
Michael Baker Corp.	100		2,450
Mirait Holdings Corp.	1,000		10,243
Monadelphous Group, Ltd.	333		7,914
Morgan Sindall PLC	210		1,774
Mota Engil SGPS SA	444		1,058
Murray & Roberts Holdings, Ltd. (I)	4,035		10,306
MYR Group, Inc. (I)	300		7,368
NCC, Ltd.	1,391		840
Nishimatsu Construction Company, Ltd.	2,000		3,399
Northwest Pipe Company (I)	200		5,596
NRW Holdings, Ltd.	518		892
Obayashi Corp.	4,000		19,153
Obrascon Huarte Lain SA	200		6,583
Orion Marine Group, Inc. (I)(L)	300		2,982

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Construction & Engineering (continued)
Outotec OYJ	860	$	12,646
PER Aarsleff A/S	90		8,439
Pike Electric Corp.	500		7,115
Polimex-Mostostal SA (I)	26		3
Polnord SA (I)	395		810
Promotora y Operadora de Infraestructura
SAB de CV (I)	1,642		13,241
Punj Lloyd, Ltd.	1,401		1,424
Quanta Services, Inc. (I)	1,800		51,444
Raubex Group, Ltd.	1,042		2,210
Royal Imtech NV (I)	448		5,091
Sacyr Vallehermoso SA (I)	311		566
Samsung Engineering Company, Ltd.	129		14,888
Sanki Engineering Company, Ltd.	2,000		10,790
Severfield Rowen PLC	2,280		1,318
Shikun & Binui, Ltd.	842		1,765
Shimizu Corp.	3,000		9,854
Skanska AB, Series B	2,340		42,345
SNC-Lavalin Group, Inc.	700		29,300
Sterling Construction Company, Inc. (I)	300		3,267
Strabag SE	153		3,430
Sweco AB	449		5,303
Taisei Corp.	6,000		16,697
Toda Corp.	3,000		7,181
Toyo Engineering Corp.	1,000		4,370
Tutor Perini Corp. (I)	700		13,510
UGL, Ltd.	1,131		12,089
United Engineers, Ltd.	2,000		5,134
URS Corp.	1,000		47,410
Veidekke ASA	501		4,002
Vianini Lavori SpA	357		1,530
Vinci SA	1,259		56,781
Wilson Bayly Holmes-Ovcon, Ltd.	416		6,979
YIT OYJ	616		12,846
Yokogawa Bridge Corp.	1,000		8,487
Yongnam Holdings, Ltd.	43,000		9,888

			1,538,025
Electrical Equipment - 0.7%
ABB, Ltd.	467		4,180
ABB, Ltd. (SIX Swiss Exchange)	7,279		164,387
Acuity Brands, Inc.	500		34,675
Alstom SA	788		32,148
AMETEK, Inc.	1,443		62,568
AZZ, Inc.	400		19,280
Belden, Inc.	400		20,660
Bharat Heavy Electricals, Ltd.	2,195		7,217
Brady Corp., Class A	700		23,471
China High Speed Transmission Equipment
Group Company, Ltd. (I)	5,000		2,360
Crompton Greaves, Ltd.	1,545		2,683
Eaton Corp. PLC	3,007		184,179
Eltek ASA	1,541		1,486
Emerson Electric Company	3,256		181,913
Encore Wire Corp.	500		17,510
EnerSys, Inc. (I)	761		34,686
Franklin Electric Company, Inc. (L)	400		13,428
FSP Technology, Inc.	6,079		5,767
Fujikura, Ltd.	4,000		12,693
Furukawa Electric Company, Ltd.	4,000		8,847
Futaba Corp.	600		6,412
Gamesa Corporacion Tecnologica SA	1,673		5,114
Generac Holdings, Inc.	700		24,738
General Cable Corp. (I)	500		18,315


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Electrical Equipment (continued)
GrafTech International, Ltd. (I)(L)	1,700	$	13,056
Harbin Electric Company, Ltd., H Shares	6,000		4,902
Hubbell, Inc., Class B	400		38,844
Huber & Suhner AG	13		624
II-VI, Inc. (I)	250		4,260
Johnson Electric Holdings, Ltd.	11,000		8,196
Legrand SA	852		37,175
LS Cable, Ltd.	47		3,737
LS Industrial Systems Company, Ltd.	164		9,041
LSI Industries, Inc.	300		2,094
Mabuchi Motor Company, Ltd.	200		10,807
Mersen	322		7,490
Mitsubishi Electric Corp.	6,000		48,950
Neo Holdings Company, Ltd. (I)	85		0
Neo-Neon Holdings, Ltd. (I)	10,000		2,257
Nexans SA	196		9,015
Nidec Corp.	400		23,966
Nippon Carbon Company, Ltd.	1,000		2,347
Nippon Signal Company, Ltd.	800		6,285
Nitto Kogyo Corp.	100		1,485
Nordex AG (I)	111		690
Ormat Industries, Ltd. (I)	811		4,863
Phoenix Mecano AG	4		1,993
Polypore International, Inc. (I)(L)	500		20,090
Powell Industries, Inc. (I)	100		5,257
Powercom Company, Ltd. (I)	5,350		2,243
Prysmian SpA	1,145		23,618
Regal-Beloit Corp.	400		32,624
Rockwell Automation, Inc.	900		77,715
Roper Industries, Inc.	1,000		127,310
Saft Groupe SA	395		10,182
Schneider Electric SA	1,537		112,421
SGL Carbon SE	292		11,493
Somfy SA	32		6,955
Sumitomo Electric Industries, Ltd.	3,500		42,996
SWCC Showa Holdings Company, Ltd. (I)	6,000		5,962
Taihan Electric Wire Company, Ltd. (I)	265		731
The Babcock & Wilcox Company	1,200		34,092
Toyo Tanso Company, Ltd.	200		4,913
Ushio, Inc.	700		7,157
Vacon PLC	122		8,228
Vestas Wind Systems A/S (I)(L)	992		7,985
Vicor Corp. (I)	200		994
Walsin Lihwa Corp. (I)	39,000		11,231
XP Power, Ltd.	131		2,518
Zhuzhou CSR Times Electric Company, Ltd.,
H Shares	4,000		11,389
Zumtobel AG	627		7,239

			1,706,137
Industrial Conglomerates - 1.2%
3M Company	2,900		308,299
Aditya Birla Nuvo, Ltd.	491		8,826
Alfa SAB de CV, Class A	18,000		44,039
Bakrie & Brothers Tbk PT (I)	1,496,000		7,697
Beijing Enterprises Holdings, Ltd.	4,000		30,846
Berjaya Corp. BHD	16,100		2,678
Bidvest Group, Ltd.	1,357		35,766
Carlisle Companies, Inc.	600		40,674
Chongqing Machinery & Electric
Company, Ltd., H Shares	4,000		573
CIR-Compagnie Industriali Riunite SpA	2,773		2,773
Citic Pacific, Ltd.	6,000		7,835
CJ Corp.	119		15,559

100

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Industrial Conglomerates (continued)
Clal Industries & Investments, Ltd.	576	$	2,248
CSR, Ltd.	6,720		14,450
Daetwyler Holding AG	23		2,547
Danaher Corp.	3,200		198,880
DCC PLC	645		22,699
Dogan Sirketler Grubu Holdings AS (I)	10,683		6,321
Doosan Corp.	85		9,824
Enka Insaat ve Sanayi AS	2,091		6,470
Far Eastern New Century Corp.	12,588		12,939
General Electric Company	53,060		1,226,747
Grupo Carso SAB de CV, Series A1	5,200		28,991
Hutchison Whampoa, Ltd.	8,000		83,754
Ihlas Holding AS (I)	8,301		3,810
Indus Holding AG	334		10,322
Jaiprakash Associates, Ltd.	3,873		4,716
Katakura Industries Company, Ltd.	700		8,620
Keihan Electric Railway Company, Ltd.	3,000		13,353
Keppel Corp., Ltd.	3,700		33,477
Koninklijke Philips Electronics NV	4,947		147,018
LG Corp.	343		19,995
MAX India, Ltd.	1,717		7,150
NWS Holdings, Ltd.	9,672		17,344
Raven Industries, Inc. (L)	600		20,166
Reunert, Ltd.	873		7,287
Rheinmetall AG	298		13,796
Samsung Techwin Company, Ltd.	171		10,123
Schouw & Company A/S	100		3,462
SembCorp Industries, Ltd.	4,000		16,761
Shanghai Industrial Holdings, Ltd.	4,000		12,552
Shun Tak Holdings, Ltd.	16,500		8,869
Siemens AG	306		32,965
Siemens AG, ADR (L)	2,430		261,954
Sime Darby BHD	9,700		29,021
SK Holdings Company, Ltd.	178		26,917
SM Investments Corp.	610		16,671
Smiths Group PLC	1,557		29,839
Sonae	3,327		2,987
Turkiye Sise ve Cam Fabrikalari AS	4,366		7,407

			2,888,017
Machinery - 2.1%
Aalberts Industries NV	535		11,986
Actuant Corp., Class A (L)	500		15,310
AG Growth International, Inc.	87		2,835
AGCO Corp.	800		41,696
Aida Engineering, Ltd.	1,000		8,115
Alamo Group, Inc.	400		15,300
Albany International Corp., Class A	400		11,560
Alfa Laval AB	1,396		32,255
Altra Holdings, Inc.	300		8,166
American Railcar Industries, Inc.	400		18,696
Andritz AG	368		24,709
Ashok Leyland, Ltd.	3,312		1,343
Atlas Copco AB, Series A	1,661		47,330
Atlas Copco AB, Series B	1,113		28,222
ATS Automation Tooling Systems, Inc. (I)	1,702		16,587
Bando Chemical Industries, Ltd.	1,000		3,183
Barnes Group, Inc.	700		20,251
Beijer Alma AB	96		2,118
Blount International, Inc. (I)	500		6,690
Bobst Group AG (I)	236		7,717
Bodycote PLC	1,394		11,396
Bradken, Ltd.	1,082		7,379
Briggs & Stratton Corp. (L)	400		9,920


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Machinery (continued)
Bucher Industries AG	51	$	11,809
Burckhardt Compression Holding AG	20		7,490
Cargotec Corp. OYJ	270		8,313
Caterpillar, Inc.	3,200		278,304
Chart Industries, Inc. (I)(L)	600		48,006
China Automation Group, Ltd.	13,000		2,932
China National Materials Company, Ltd.,
H Shares	11,000		2,942
Chugai Ro Company, Ltd.	1,000		2,650
CIRCOR International, Inc.	300		12,750
CLARCOR, Inc.	365		19,119
CNH Global NV	619		25,577
Colfax Corp. (I)(L)	773		35,975
Columbus McKinnon Corp. (I)	500		9,625
Concentric AB	1,200		12,821
Conzzeta Holding AG	3		5,881
Cosco Corp. Singapore, Ltd.	10,000		7,371
Crane Company	400		22,344
CSR Corp., Ltd., H Shares	6,000		4,268
Cummins, Inc.	808		93,574
Daifuku Company, Ltd.	1,500		12,249
Danieli & C Officine Meccaniche SpA	270		6,841
Deere & Company (L)	1,900		163,362
Deutz AG (I)	380		1,999
Donaldson Company, Inc.	600		21,714
Doosan Infracore Company, Ltd. (I)	830		11,739
Dover Corp.	1,800		131,184
Ebara Corp.	4,000		15,977
EnPro Industries, Inc. (I)(L)	300		15,351
ESCO Technologies, Inc.	400		16,344
Faiveley Transport	97		6,142
FANUC Corp.	600		92,308
Federal Signal Corp. (I)	1,100		8,954
Fenner PLC	3,040		17,983
Fiat Industrial SpA	3,942		44,365
First Tractor Company, Ltd., H Shares (I)	10,000		8,908
Flowserve Corp.	500		83,855
FreightCar America, Inc.	100		2,182
Fujitec Company, Ltd.	1,000		10,025
Furukawa Company, Ltd.	3,000		3,430
Gardner Denver, Inc.	500		37,555
GEA Group AG	875		28,862
Georg Fischer AG	30		12,722
Gildemeister AG	397		8,345
Glory, Ltd.	500		11,999
Graco, Inc.	600		34,818
Graham Corp.	300		7,422
Greenbrier Companies, Inc. (I)(L)	300		6,813
Haldex AB	1,200		7,165
Hanjin Heavy Industries &
Construction Company, Ltd. (I)	558		4,489
Hanjin Heavy Industries & Construction
Holdings Company, Ltd.	120		714
Harsco Corp.	1,100		27,247
Heidelberger Druckmaschinen AG (I)	2,635		6,073
Hitachi Construction
Machinery Company, Ltd.	400		8,607
Hitachi Koki Company, Ltd.	800		6,602
Hitachi Zosen Corp.	7,500		12,567
Hyster-Yale Materials Handling, Inc.	200		11,418
Hyundai Heavy Industries Company, Ltd.	170		32,859
Hyundai Mipo Dockyard	82		8,559
IDEX Corp. (L)	500		26,710

101

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Machinery (continued)
IHI Corp.	9,000	$	27,397
Illinois Tool Works, Inc.	2,300		140,162
IMI PLC	2,326		45,803
Ingersoll-Rand PLC	1,900		104,519
Interpump SpA	762		5,971
Invensys PLC	5,363		28,693
Iochpe-Maxion SA	800		10,507
Iseki & Company, Ltd.	3,000		10,683
ITT Corp.	800		22,744
Jain Irrigation Systems, Ltd.	1,975		2,248
Jaya Holdings, Ltd.	8,000		4,449
John Bean Technologies Corp.	343		7,117
Joy Global, Inc.	617		36,724
JTEKT Corp.	1,000		9,473
Kadant, Inc.	100		2,500
Kawasaki Heavy Industries, Ltd.	7,000		22,201
Kaydon Corp.	500		12,790
Kennametal, Inc.	574		22,409
Kitz Corp.	1,000		5,220
Komatsu, Ltd.	2,900		69,212
Komori Corp.	700		7,386
Kone OYJ	614		48,406
Konecranes OYJ	207		6,858
Krones AG	110		7,807
Kubota Corp.	3,000		43,494
KUKA AG (I)	423		18,457
Kurita Water Industries, Ltd.	700		15,523
LB Foster Company, Class A	200		8,858
Lincoln Electric Holdings, Inc.	800		43,344
Lindsay Corp.	200		17,636
Lonking Holdings, Ltd.	24,000		5,514
Lydall, Inc. (I)	600		9,210
Makino Milling Machine Company, Ltd.	1,000		6,233
Makita Corp.	400		17,834
MAN SE	223		23,993
Meidensha Corp.	2,000		6,046
Melrose Industries PLC	7,542		30,440
Meritor, Inc. (I)	1,100		5,203
Met-Pro Corp.	200		2,066
Metka SA	436		5,684
Metso OYJ	922		39,391
Meyer Burger Technology AG (I)	313		2,466
Middleby Corp. (I)	200		30,430
Miller Industries, Inc. (L)	300		4,815
Minebea Company, Ltd.	2,000		6,872
Mitsubishi Heavy Industries, Ltd.	11,000		63,672
Mitsuboshi Belting Company, Ltd.	1,000		5,326
Morgan Crucible Company PLC	2,337		10,042
Mori Seiki Company, Ltd.	400		4,892
Mueller Industries, Inc.	395		21,050
Mueller Water Products, Inc., Class A	1,800		10,674
Nabtesco Corp.	400		8,209
Nachi-Fujikoshi Corp.	1,000		4,307
NGK Insulators, Ltd.	1,000		10,670
Nippon Thompson Company, Ltd.	1,000		5,131
Nitto Kohki Company, Ltd.	300		5,763
NKT Holding A/S	153		5,683
Nordson Corp.	600		39,570
Noritake Company, Ltd.	1,000		2,475
NTN Corp.	3,000		8,062
OC Oerlikon Corp. AG	1,126		13,399
OSG Corp.	400		5,527
Oshkosh Corp. (I)	900		38,241


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Machinery (continued)
Otto Marine, Ltd. (I)	21,000	$	1,480
PACCAR, Inc.	1,456		73,615
Pall Corp. (L)	900		61,533
Parker Hannifin Corp.	900		82,422
Pentair, Ltd.	506		26,692
Pfeiffer Vacuum Technology AG	50		5,517
PMFG, Inc. (I)	100		617
Rational AG	25		7,516
Rieter Holding AG	46		7,810
Rotork PLC	289		12,780
Ryobi, Ltd.	1,000		2,488
Samsung Heavy Industries Company, Ltd.	740		23,402
Sandvik AB	2,650		40,894
Sauer-Danfoss, Inc.	300		17,529
Scania AB, Series B	1,474		30,932
Schindler Holding AG, Registered Shares	88		12,558
Schweiter Technologies AG	26		16,073
SembCorp Marine, Ltd.	2,000		7,162
Semperit AG Holding	67		2,588
Senior PLC	2,247		8,160
Shima Seiki Manufacturing, Ltd.	400		9,057
Sinotruk Hong Kong, Ltd.	3,000		1,622
Sintokogio, Ltd.	600		5,423
SKF AB, B Shares	2,021		49,449
SMC Corp.	200		38,857
Snap-on, Inc.	500		41,350
Spirax-Sarco Engineering PLC	456		18,673
SPX Corp.	600		47,376
Standex International Corp.	100		5,522
Stanley Black & Decker, Inc.	1,656		134,086
STX Corp. Company, Ltd.	484		3,019
STX Engine Company, Ltd. (I)	440		3,067
STX Offshore &
Shipbuilding Company, Ltd. (I)	430		2,567
Sulzer AG	175		29,972
Sumitomo Heavy Industries, Ltd.	4,000		15,863
Swisslog Holding AG	5,374		6,965
Tecumseh Products Company, Class A (I)	100		872
Tennant Company	100		4,856
Terex Corp. (I)	1,200		41,304
The Gorman-Rupp Company	373		11,209
The Japan Steel Works, Ltd.	2,000		10,596
The Manitowoc Company, Inc.	1,600		32,896
The Toro Company	800		36,832
The Weir Group PLC	1,008		34,693
THK Company, Ltd.	600		11,899
Timken Company	1,100		62,238
Titan International, Inc.	525		11,067
Torishima Pump Manufacturing Company, Ltd.	200		1,626
Toromont Industries, Ltd.	500		11,473
Trelleborg AB, Series B	939		12,902
Trimas Corp. (I)	500		16,235
Trinity Industries, Inc. (L)	1,000		45,330
Tsubakimoto Chain Company, Ltd.	1,000		5,150
Union Tool Company, Ltd.	100		2,053
United Tractors Tbk PT	5,053		9,483
Vallourec SA	550		26,464
Valmont Industries, Inc.	200		31,454
Vesuvius PLC	3,162		17,019
Volvo AB, Series A	2,127		30,976
Volvo AB, Series B	4,958		72,243
Vossloh AG	56		5,602
WABCO Holdings, Inc. (I)	400		28,236

102

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Machinery (continued)
Wabtec Corp.	400	$	40,844
Wacker Neuson SE	190		2,751
Wartsila OYJ Abp	1,392		62,799
Watts Water Technologies, Inc., Class A	600		28,794
WEG SA	1,400		18,145
Weichai Power Company, Ltd., H Shares	1,200		4,026
Woodward, Inc. (L)	900		35,784
Xylem, Inc.	1,692		46,632
Yangzijiang Shipbuilding Holdings, Ltd.	14,000		10,974
Zardoya Otis SA	1,278		17,092
Zoomlion Heavy Industry Science and
Technology Company, Ltd., H Shares	4,200		5,091

			4,910,730
Marine - 0.1%
A.P. Moeller Maersk A/S, Series A	4		31,417
China COSCO Holdings Company, Ltd.,
H Shares (I)	18,500		8,803
China Shipping Development Company, Ltd.,
H Shares	10,000		4,849
Cia Sud Americana de Vapores SA (I)	7,688		779
D/S Norden A/S	64		2,069
DFDS A/S	36		2,123
Genco Shipping & Trading, Ltd. (I)(L)	300		864
Golden Ocean Group, Ltd. (I)	4,000		3,889
Grindrod, Ltd.	3,074		6,688
Hanjin Shipping Company, Ltd. (I)	826		7,845
Hanjin Shipping Holdings Company, Ltd. (I)	98		476
Hyundai Merchant Marine Company, Ltd. (I)	144		1,859
Iino Kaiun Kaisha, Ltd.	1,300		9,809
International Shipholding Corp.	200		3,640
Kawasaki Kisen Kaisha, Ltd. (I)	5,000		10,700
Kirby Corp. (I)	600		46,080
Kuehne & Nagel International AG	166		18,129
Malaysian Bulk Carriers BHD	1,700		868
Matson, Inc.	400		9,840
Mermaid Marine Australia, Ltd.	601		2,363
MISC BHD (I)	6,240		10,808
Mitsui O.S.K. Lines, Ltd. (I)	7,000		23,201
Neptune Orient Lines, Ltd. (I)	7,000		6,712
Nippon Yusen KK	11,000		28,326
Orient Overseas International, Ltd.	1,500		10,165
Pacific Basin Shipping, Ltd.	14,000		8,339
Sinotrans Shipping, Ltd.	15,500		4,146
STX Pan Ocean Company, Ltd. (I)	870		3,574
Trada Maritime Tbk PT (I)	99,000		14,171
Trencor, Ltd.	1,264		9,904
U-Ming Marine Transport Corp.	4,000		6,176
Wan Hai Lines, Ltd. (I)	8,820		4,680
Wilh Wilhelmsen Holding ASA, Class A	150		4,337

			307,629
Professional Services - 0.5%
Acacia Research Corp. (I)	313		9,443
Adcorp Holdings, Ltd.	858		2,847
Adecco SA	866		47,485
AF AB	518		15,326
ALS, Ltd.	2,425		26,543
Barrett Business Services, Inc.	312		16,430
Brunel International NV	211		8,934
Bureau Veritas SA	188		23,410
Capita PLC	2,953		40,412
CBIZ, Inc. (I)	900		5,742
CDI Corp.	200		3,440


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Professional Services (continued)
CRA International, Inc. (I)	300	$	6,711
Equifax, Inc.	1,000		57,590
Experian PLC	4,400		76,521
Exponent, Inc.	200		10,788
FTI Consulting, Inc. (I)	400		15,064
GP Strategies Corp. (I)	499		11,906
Hays PLC	14,281		21,004
Heidrick & Struggles International, Inc.	300		4,485
Hill International, Inc. (I)	800		2,392
Hudson Global, Inc. (I)	200		788
Huron Consulting Group, Inc. (I)	300		12,096
ICF International, Inc. (I)	200		5,440
IHS, Inc., Class A (I)	500		52,360
Insperity, Inc.	300		8,511
Intertek Group PLC	687		35,493
Kelly Services, Inc., Class A	400		7,472
Kforce, Inc.	400		6,548
Korn/Ferry International (I)	800		14,288
ManpowerGroup, Inc.	727		41,235
McMillan Shakespeare, Ltd.	251		3,854
Meitec Corp.	500		12,650
Michael Page International PLC	1,081		6,955
Morneau Shepell, Inc.	300		3,860
Navigant Consulting Company (I)	1,000		13,140
Nielsen Holdings NV	1,900		68,058
On Assignment, Inc. (I)	600		15,186
Poyry OYJ (I)	603		3,349
Proffice AB	946		3,603
Randstad Holdings NV	513		21,023
Resources Connection, Inc.	700		8,890
Robert Half International, Inc.	800		30,024
RPX Corp. (I)	400		5,644
Seek, Ltd.	1,533		16,143
SGS SA	23		56,507
Stantec, Inc.	200		8,822
Sthree PLC	2,216		11,693
Teleperformance SA	626		26,687
The Advisory Board Company (I)	200		10,504
The Corporate Executive Board Company	400		23,264
The Dun & Bradstreet Corp. (L)	300		25,095
Towers Watson & Company, Class A	700		48,524
TrueBlue, Inc. (I)	500		10,570
USG People NV	994		8,555
Verisk Analytics, Inc., Class A (I)	1,000		61,630
Volt Information Sciences, Inc. (I)	500		4,175
VSE Corp.	100		2,499
W.S. Atkins PLC	1,648		22,860

			1,124,468
Road & Rail - 0.9%
All America Latina Logistica SA	3,400		16,926
Amerco, Inc.	150		26,031
Arkansas Best Corp.	300		3,504
Asciano, Ltd.	5,940		34,733
Aurizon Holdings, Ltd.	540		2,275
Avis Budget Group, Inc. (I)(L)	1,500		41,745
Canadian National Railway Company	1,100		110,558
Canadian Pacific Railway, Ltd. (L)	1,000		130,472
Celadon Group, Inc.	300		6,258
Central Japan Railway Company, Ltd.	400		42,276
ComfortDelGro Corp., Ltd.	13,000		20,045
Con-way, Inc.	800		28,168
Container Corp of India	286		5,404
CSX Corp.	5,073		124,948

103

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Road & Rail (continued)
DSV A/S, ADR	974	$	23,581
East Japan Railway Company	1,000		82,313
Evergreen International Storage
& Transport Corp.	6,000		4,136
FirstGroup PLC	4,847		14,865
Genesee & Wyoming, Inc., Class A (I)	300		27,933
Go-Ahead Group PLC	280		6,261
Hankyu Hanshin Holdings, Inc.	5,000		30,201
Hertz Global Holdings, Inc. (I)	3,900		86,814
Hitachi Transport System, Ltd.	600		9,495
J.B. Hunt Transport Services, Inc.	700		52,136
Kansas City Southern	1,200		133,080
Keikyu Corp.	2,000		20,892
Keio Corp.	2,000		17,190
Kintetsu Corp. (L)	6,000		27,965
Landstar System, Inc.	400		22,836
Localiza Rent a Car SA	600		10,778
Marten Transport, Ltd.	400		8,052
MTR Corp., Ltd.	4,659		18,539
Nagoya Railroad Company, Ltd.	4,000		12,859
Nankai Electric Railway Company, Ltd.	3,000		12,749
National Express Group PLC	3,933		12,255
Nippon Express Company, Ltd.	4,000		19,202
Nishi-Nippon Railroad Company, Ltd.	3,000		12,384
Norfolk Southern Corp.	1,828		140,902
Northgate PLC	771		3,667
Odakyu Electric Railway Company, Ltd.	2,000		24,933
Old Dominion Freight Line, Inc. (I)	1,332		50,882
P.A.M. Transportation Services, Inc.	300		3,177
Ryder Systems, Inc.	400		23,900
Saia, Inc. (I)	300		10,851
Sankyu, Inc.	3,000		13,594
Senko Company, Ltd.	1,000		5,222
Shin-Keisei Electric Railway Company, Ltd.	1,000		4,243
SMRT Corp., Ltd.	4,000		5,096
Sotetsu Holdings, Inc.	3,000		11,206
Stagecoach Group PLC	2,185		10,318
Tegma Gestao Logistica	700		11,133
Tobu Railway Company, Ltd.	5,000		28,699
Tokyu Corp.	4,000		29,619
TransForce, Inc.	1,100		23,714
Transport International Holdings, Ltd.	2,800		6,287
Union Pacific Corp.	2,300		327,543
Universal Truckload Services, Inc. (I)	100		2,333
USA Truck, Inc. (I)	200		982
Werner Enterprises, Inc. (L)	900		21,726
West Japan Railway Company	400		19,248

			2,039,134
Trading Companies & Distributors - 0.6%
Aceto Corp.	700		7,749
Adani Enterprises, Ltd.	790		2,956
AddTech AB	180		5,986
Aircastle, Ltd.	1,100		15,048
AKR Corporindo Tbk PT	14,500		7,469
Applied Industrial Technologies, Inc.	500		22,500
Ashtead Group PLC	2,287		20,464
B&B Tools AB	25		326
Barloworld, Ltd.	2,065		21,523
BayWa AG	220		10,372
BE Group AB	1,490		4,166
Beacon Roofing Supply, Inc. (I)(L)	500		19,330
BlueLinx Holdings, Inc. (I)	756		2,155
Brenntag AG	143		22,333


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Trading Companies & Distributors (continued)
Bunzl PLC	2,412	$	47,568
CAI International, Inc. (I)	502		14,468
Chaoyue Group, Ltd. (I)	45,000		1,975
Citic Resources Holdings, Ltd. (I)	11,500		1,548
Cramo OYJ	622		7,723
Daewoo International Corp.	296		10,326
DXP Enterprises, Inc. (I)	200		14,940
Emeco Holdings, Ltd.	4,324		2,839
Eqstra Holdings, Ltd.	4,732		3,428
Fastenal Company	1,500		77,025
Finning International, Inc.	900		22,424
G & L Beijer AB	110		2,030
GATX Corp.	400		20,788
Grafton Group PLC	1,533		10,051
H&E Equipment Services, Inc.	470		9,588
Hanwa Company, Ltd.	2,000		7,140
Inabata & Company, Ltd.	1,600		11,922
ITOCHU Corp.	5,600		68,693
Jacquet Metal Service	172		2,029
Japan Pulp & Paper Company, Ltd.	1,000		3,194
Kaman Corp.	200		7,094
Kanematsu Corp. (I)	5,000		6,716
Kloeckner & Company SE (I)	742		10,514
Kuroda Electric Company, Ltd.	300		3,588
Lavendon Group PLC	5,310		14,559
Lawson Products, Inc. (I)	300		5,274
LG International Corp.	310		11,770
Marubeni Corp.	5,000		38,232
Mitsubishi Corp.	5,800		108,964
Mitsui & Company, Ltd., ADR	300		83,700
MSC Industrial Direct Company, Inc., Class A	300		25,734
Nagase & Company, Ltd.	1,000		12,393
Noble Group, Ltd.	16,000		15,721
PaperlinX, Ltd. (I)	2,943		268
Ramirent OYJ	637		6,043
Reece Australia, Ltd.	862		21,531
Rexel SA	856		18,689
Rush Enterprises, Inc., Class A (I)	500		12,060
Russel Metals, Inc.	700		19,887
Samsung C&T Corp.	554		34,229
Seven Group Holdings, Ltd.	755		7,791
SIG PLC	6,281		15,187
SK Networks Company, Ltd.	860		5,875
Sumitomo Corp.	4,100		51,710
TAL International Group, Inc.	700		31,717
Textainer Group Holdings, Ltd.	600		23,730
Titan Machinery, Inc. (I)	400		11,100
Toyota Tsusho Corp.	600		15,382
Travis Perkins PLC	1,035		22,925
United Rentals, Inc. (I)(L)	1,103		60,632
W.W. Grainger, Inc.	267		60,070
Watsco, Inc. (L)	400		33,672
WESCO International, Inc. (I)(L)	400		29,044
Wolseley PLC	1,878		93,854

			1,421,731
Transportation Infrastructure - 0.2%
Abertis Infraestructuras SA	1,455		24,565
Airports of Thailand PCL	1,900		7,948
Anhui Expressway Company, Ltd., H Shares	4,000		2,054
Ansaldo STS SpA	546		5,480
Arteris SA	1,000		11,164
Atlantia SpA	1,339		21,212
Auckland International Airport, Ltd.	8,072		19,883

104

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Transportation Infrastructure (continued)
Australian Infrastructure Fund	5,379	$	17,143
BBA Aviation PLC	4,353		17,089
Beijing Capital International Airport
Company, Ltd., H Shares	26,000		18,800
CCR SA	2,900		29,621
China Merchants Holdings
International Company, Ltd.	6,458		21,280
COSCO Pacific, Ltd.	8,000		11,615
EcoRodovias Infraestrutura e Logistica SA	1,500		12,879
Flughafen Wien AG	263		15,680
Flughafen Zuerich AG	34		15,825
Groupe Eurotunnel SA	3,239		25,810
Grupo Aeroportuario del Sureste SAB
de CV, ADR (L)	160		21,867
Hamburger Hafen und Logistik AG	130		2,838
Hopewell Highway Infrastructure, Ltd.	12,600		6,242
Jasa Marga Tbk PT	18,000		11,034
Jiangsu Expressway, Ltd., H Shares	10,000		10,050
Koninklijke Vopak NV	230		13,873
LLX Logistica SA (I)	587		610
Malaysia Airports Holdings BHD	3,300		6,190
Mitsubishi Logistics Corp.	1,000		18,558
Mitsui-Soko Company, Ltd.	1,000		6,212
Nissin Corp.	3,000		8,631
Novorossiysk Commercial Sea Trade Port
PJSC, GDR	448		3,721
Port of Tauranga, Ltd.	651		7,515
Santos Brasil Participacoes SA	600		8,819
SATS, Ltd.	3,920		9,614
Shenzhen International Holdings, Ltd.	45,000		5,355
Sociedad Matriz SAAM SA (I)	8,586		983
TAV Havalimanlari Holding AS (I)	958		6,174
Transurban Group	4,457		29,625
Veripos, Inc. (I)	152		574
Yuexiu Transport Infrastructure, Ltd.	5,640		2,956
Zhejiang Expressway Company, Ltd., H Shares	12,000		9,473

			468,962

			23,012,638
Information Technology - 8.8%
Communications Equipment - 0.9%
Accton Technology Corp.	15,535		9,103
ADTRAN, Inc.	500		9,825
ADVA Optical Networking SE (I)	1,343		6,214
Aiphone Company, Ltd.	400		6,819
Alcatel-Lucent (I)	11,778		15,904
Alcatel-Lucent, ADR (I)	1,300		1,729
Anaren, Inc. (I)	300		5,817
Arris Group, Inc. (I)	950		16,312
Aruba Networks, Inc. (I)	900		22,266
Ascom Holding AG	647		7,877
Aviat Networks, Inc. (I)	800		2,696
Axis Communications AB (L)	628		16,338
Bel Fuse, Inc., Class B	300		4,683
Black Box Corp.	200		4,362
Brocade Communications Systems, Inc. (I)	4,000		23,080
BYD Electronic International Company, Ltd.	7,000		2,141
CalAmp Corp. (I)	821		9,006
Calix, Inc. (I)	600		4,890
Ceragon Networks, Ltd. (I)	362		1,580
Cisco Systems, Inc.	28,450		594,890
Comba Telecom Systems Holdings, Ltd.	12,000		4,078
Comtech Telecommunications Corp. (L)	200		4,856


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Communications Equipment (continued)
CyberTAN Technology, Inc.	5,000	$	4,176
D-Link Corp.	7,980		4,646
Digi International, Inc. (I)	500		4,465
DragonWave, Inc. (I)	700		1,109
EchoStar Corp., Class A (I)	500		19,485
Emulex Corp. (I)	1,300		8,489
EVS Broadcast Equipment SA	233		14,971
EXFO, Inc. (NASDAQ Exchange) (I)	55		279
Extreme Networks, Inc. (I)	1,700		5,729
F5 Networks, Inc. (I)	500		44,540
Finisar Corp. (I)(L)	600		7,914
Gemtek Technology Corp.	5,252		6,631
Gigaset AG (I)	1,047		1,305
Globecomm Systems, Inc. (I)	400		4,804
Grupo Ezentis SA (I)	9,929		1,699
Harmonic, Inc. (I)	1,700		9,843
Harris Corp.	1,000		46,340
HTC Corp.	2,661		21,755
ICOM, Inc.	300		7,638
Infinera Corp. (I)(L)	900		6,300
Ixia (I)	800		17,312
JDS Uniphase Corp. (I)	1,500		20,055
Juniper Networks, Inc. (I)	3,800		70,452
KVH Industries, Inc. (I)	200		2,714
Loral Space & Communications, Inc.	200		12,376
Motorola Solutions, Inc.	1,361		87,145
NETGEAR, Inc. (I)(L)	500		16,755
Nokia OYJ (L)	11,802		38,552
Nokia OYJ, ADR (L)	6,154		20,185
Oplink Communications, Inc. (I)	300		4,920
Pace PLC	2,180		8,083
Plantronics, Inc. (L)	300		13,257
Polycom, Inc. (I)	1,300		14,404
QUALCOMM, Inc.	7,200		482,040
Research In Motion, Ltd. (I)(L)	2,300		34,165
Riverbed Technology, Inc. (I)	1,123		16,744
Sandvine Corp. (I)	1,900		3,759
Sonus Networks, Inc. (I)	200		518
Spirent Communications PLC	3,276		7,352
Symmetricom, Inc. (I)	900		4,086
TCL Communication
Technology Holdings, Ltd.	10,000		2,972
Telefonaktiebolaget LM Ericsson, A Shares	336		4,092
Telefonaktiebolaget LM Ericsson, B Shares	10,303		128,555
Tellabs, Inc.	5,200		10,868
Telular Corp.	700		7,042
TKH Group NV	170		4,411
Unizyx Holding Corp.	6,000		2,946
ViaSat, Inc. (I)(L)	400		19,376
VTech Holdings, Ltd.	1,000		12,232
Wi-LAN, Inc.	1,000		4,056
Wistron NeWeb Corp.	2,203		3,759
Zinwell Corp.	4,000		3,258
ZTE Corp., H Shares	3,520		6,183

			2,081,208
Computers & Peripherals - 1.5%
3D Systems Corp. (I)(L)	600		19,344
Acer, Inc. (I)	10,287		8,951
Apple, Inc.	5,000		2,213,150
Asia Vital Components Company Ltd.	1,048		541
Asustek Computer, Inc.	2,011		23,956
Avid Technology, Inc. (I)	800		5,016
Bull SA (I)	1,340		5,244

105

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Computers & Peripherals (continued)
Catcher Technology Company, Ltd.	1,720	$	7,751
Clevo Company	5,402		7,994
CMC Magnetics Corp. (I)	50,000		8,815
Compal Electronics, Inc.	16,575		11,723
Cray, Inc. (I)	400		9,284
Dell, Inc.	7,627		109,295
Diebold, Inc. (L)	574		17,404
Eizo Nanao Corp.	100		1,769
Electronics for Imaging, Inc. (I)	500		12,680
EMC Corp. (I)	8,495		202,946
Foxconn Technology Company, Ltd.	4,298		11,874
Fujitsu, Ltd.	7,000		29,226
Gemalto NV	679		59,256
Gigastorage Corp.	6,895		4,947
Hewlett-Packard Company	10,256		244,503
Imation Corp. (I)	600		2,292
Immersion Corp. (I)	300		3,522
Intermec, Inc. (I)(L)	1,300		12,779
Intevac, Inc. (I)	131		618
Inventec Corp.	21,337		8,036
Lenovo Group, Ltd.	28,000		27,886
Lexmark International, Inc., Class A	765		20,196
Lite-On Technology Corp.	14,447		23,447
Logitech International SA (L)	1,458		9,883
Micro-Star International Company, Ltd.	7,642		3,615
Mitac International Corp.	14,559		5,373
NCR Corp. (I)	679		18,713
NEC Corp.	15,000		40,088
NetApp, Inc. (I)	1,551		52,982
Pegatron Corp. (I)	10,642		16,385
Qisda Corp. (I)	11,000		2,741
QLogic Corp. (I)	1,000		11,600
Quanta Computer, Inc.	8,080		17,847
Rimage Corp. (I)	200		1,804
Ritek Corp. (I)	45,359		5,867
SanDisk Corp. (I)	1,500		82,500
Seagate Technology PLC	2,300		84,088
Silicon Graphics International Corp. (I)	600		8,250
STEC, Inc. (I)	700		3,094
Stratasys, Ltd. (I)	119		8,832
Super Micro Computer, Inc. (I)	200		2,258
Synaptics, Inc. (I)(L)	500		20,345
Toshiba Corp.	11,000		56,007
Western Digital Corp.	2,000		100,560
Wincor Nixdorf AG	298		14,806
Wistron Corp.	14,360		15,774

			3,697,857
Electronic Equipment, Instruments & Components - 0.9%
Agilysys, Inc. (I)	300		2,982
Alps Electric Company, Ltd.	1,200		7,910
Amphenol Corp., Class A	965		72,037
Anixter International, Inc.	300		20,976
Anritsu Corp.	1,000		15,654
Arrow Electronics, Inc. (I)	900		36,558
AU Optronics Corp. (I)	11,000		4,809
AU Optronics Corp., ADR (I)(L)	4,523		19,449
Avnet, Inc. (I)	1,200		43,440
AVX Corp.	1,300		15,470
Badger Meter, Inc.	200		10,704
Barco NV	80		7,003
Benchmark Electronics, Inc. (I)	700		12,614
Canon Electronics, Inc.	200		3,978
Career Technology MFG. Company, Ltd.	3,000		3,846


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Electronic Equipment, Instruments &
Components (continued)
Celestica, Inc. (I)	1,400	$	11,301
Checkpoint Systems, Inc. (I)	600		7,836
Cheng Uei Precision Industry Company, Ltd.	5,253		9,953
Chin-Poon Industrial Company, Ltd.	9,000		10,605
China Aerospace International Holdings, Ltd.	76,000		7,446
Chroma ATE, Inc.	2,080		5,027
Chunghwa Picture Tubes, Ltd. (I)	29,162		1,115
Citizen Holdings Company, Ltd.	1,800		9,212
Cognex Corp.	400		16,860
Coherent, Inc.	260		14,752
Compeq Manufactuing Company	5,000		1,838
Corning, Inc.	9,800		130,634
CTS Corp.	400		4,176
Daeduck Electronics Company	100		1,010
Daiwabo Holdings Company, Ltd.	5,000		9,222
Daktronics, Inc.	800		8,400
Datalogic SpA	499		3,857
DataTec, Ltd.	2,172		11,932
Delta Electronics, Inc.	6,241		26,188
Digital China Holdings, Ltd.	6,000		8,117
Diploma PLC	2,172		18,554
Dolby Laboratories, Inc., Class A (L)	500		16,780
Domino Printing Sciences PLC	631		6,149
DTS, Inc. (I)	353		5,870
Electro Rent Corp.	500		9,270
Electro Scientific Industries, Inc.	400		4,420
Electrocomponents PLC	2,084		7,979
Elite Material Company	5,123		5,155
Everlight Electronics Company, Ltd.	3,000		4,864
Evertz Technologies, Ltd.	154		2,383
FEI Company	500		32,275
FLIR Systems, Inc.	1,079		28,065
FUJIFILM Holdings Corp.	2,100		41,596
GSI Group, Inc. (I)	459		3,915
Halma PLC	2,484		19,565
HannStar Display Corp. (I)	45,000		6,986
Hexagon AB	1,811		49,393
Hi Sun Technology China, Ltd. (I)	15,000		1,785
Hirose Electric Company, Ltd.	100		13,197
Hitachi, Ltd.	1,000		5,832
Hitachi, Ltd., ADR	1,400		81,060
Holy Stone Enterprise Company, Ltd.	7,643		7,003
Hon Hai Precision Industry Company, Ltd.	31,018		86,123
Horiba, Ltd.	400		12,645
Hosiden Corp.	1,100		6,485
Hoya Corp.	1,200		22,574
Ibiden Company, Ltd.	900		14,090
Inficon Holding AG	15		4,425
Ingenico SA	279		16,541
Ingram Micro, Inc., Class A (I)	1,050		20,664
Innolux Corp. (I)	34,489		21,327
Insight Enterprises, Inc. (I)	400		8,248
Inspur International, Ltd.	45,000		1,740
IPG Photonics Corp. (L)	400		26,564
Itron, Inc. (I)(L)	600		27,840
Jabil Circuit, Inc.	2,000		36,960
Jenoptik AG	706		7,290
Ju Teng International Holdings, Ltd.	10,000		6,292
Keyence Corp.	120		36,866
Kingboard Chemical Holdings, Ltd.	4,500		12,888
Kingboard Laminates Holdings, Ltd.	16,000		7,056
Koa Corp.	800		7,666

106

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Electronic Equipment, Instruments &
Components (continued)
Kudelski SA	786	$	10,353
Kyocera Corp., ADR (L)	600		54,870
Laird PLC	1,534		5,081
LEM Holding SA	8		4,966
LG Display Company, Ltd. (I)	1,140		33,246
LG Display Company, Ltd., ADR (I)(L)	600		8,754
LG Innotek Company, Ltd. (I)	123		8,644
Littelfuse, Inc.	300		20,355
Measurement Specialties, Inc. (I)	300		11,931
Mercury Computer Systems, Inc. (I)	500		3,685
Methode Electronics, Inc.	400		5,152
Micronic Laser Systems AB (I)	2,274		4,987
Mitsumi Electric Company, Ltd. (I)	800		4,444
Molex, Inc. (L)	900		26,352
Molex, Inc., Class A	500		12,060
MTS Systems Corp. (L)	200		11,630
Multi-Fineline Electronix, Inc. (I)	300		4,629
Murata Manufacturing Company, Ltd.	600		45,339
Nan Ya Printed Circuit Board Corp.	2,000		2,179
National Instruments Corp.	850		27,838
Newport Corp. (I)	400		6,768
Nichicon Corp.	100		858
Nihon Dempa Kogyo Company, Ltd.	200		2,056
Nippon Ceramic Company, Ltd.	100		1,758
Nippon Chemi-Con Corp. (I)	1,000		2,696
Nippon Electric Glass Company, Ltd.	2,000		9,965
Omron Corp.	1,000		25,312
OSI Systems, Inc. (I)	400		24,916
Pan-International Industrial (I)	5,000		4,177
PAR Technology Corp. (I)	200		942
Park Electrochemical Corp.	400		10,136
Plexus Corp. (I)	500		12,155
Power-One, Inc. (I)(L)	1,200		4,980
Premier Farnell PLC	4,968		16,848
Pulse Electronics Corp. (I)	791		320
Radisys Corp. (I)	200		984
RealD, Inc. (I)	7		91
Richardson Electronics, Ltd.	300		3,558
Rofin-Sinar Technologies, Inc. (I)	100		2,709
Rogers Corp. (I)	300		14,286
Samsung Electro-Mechanics Company, Ltd.	285		25,670
Samsung SDI Company, Ltd.	204		25,864
Sanmina Corp. (I)	1,300		14,768
ScanSource, Inc. (I)	300		8,466
SMK Corp.	1,000		2,845
Spectris PLC	1,322		49,537
Star Micronics Company, Ltd.	1,000		9,900
SYNNEX Corp. (I)(L)	700		25,900
Synnex Technology International Corp.	6,045		10,948
TDK Corp., ADR (L)	669		23,395
TE Connectivity, Ltd.	1,877		78,703
Tech Data Corp. (I)	400		18,244
Trimble Navigation, Ltd. (I)	1,600		47,936
TTM Technologies, Inc. (I)	1,300		9,880
Unimicron Technology Corp.	12,000		12,394
Vaisala OYJ	274		6,918
Venture Corp., Ltd.	2,000		13,973
Vishay Intertechnology, Inc. (I)(L)	1,500		20,415
Vishay Precision Group, Inc. (I)	250		3,673
WPG Holdings Company, Ltd.	6,429		7,303
Yageo Corp. (I)	19,000		6,110


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Electronic Equipment, Instruments &
Components (continued)
Young Fast Optoelectronics Company, Ltd.	1,099	$	2,131

			2,210,274
Internet Software & Services - 0.9%
Akamai Technologies, Inc. (I)	1,019		35,961
AOL, Inc.	1,566		60,275
Blucora, Inc. (I)	300		4,644
comScore, Inc. (I)	500		8,390
CoStar Group, Inc. (I)	221		24,191
Dealertrack Technologies, Inc. (I)	400		11,752
Dena Company, Ltd.	400		10,897
Dice Holdings, Inc. (I)	1,000		10,130
Digital River, Inc. (I)	600		8,484
EarthLink, Inc.	800		4,336
eBay, Inc. (I)	6,200		336,164
Equinix, Inc. (I)(L)	354		76,574
Google, Inc., Class A (I)	1,100		873,433
IAC/InterActiveCorp	600		26,808
Internap Network Services Corp. (I)	800		7,480
Limelight Networks, Inc. (I)(L)	2,200		4,532
Monster Worldwide, Inc. (I)	1,600		8,112
Move, Inc. (I)	625		7,469
Net Entertainment NE AB (I)	203		2,941
NHN Corp.	96		23,235
NIC, Inc.	800		15,328
Open Text Corp. (I)	400		23,641
Opera Software ASA	999		6,393
Perficient, Inc. (I)	500		5,830
QuinStreet, Inc. (I)	500		2,985
Rackspace Hosting, Inc. (I)(L)	800		40,384
RealNetworks, Inc. (I)	700		5,397
Saba Software, Inc. (I)	800		6,360
support.com, Inc. (I)	600		2,508
TechTarget, Inc. (I)	289		1,413
Telecity Group PLC	1,389		19,115
Tencent Holdings, Ltd.	2,800		89,169
United Internet AG	711		17,294
United Online, Inc.	1,300		7,839
ValueClick, Inc. (I)	900		26,595
VeriSign, Inc. (I)(L)	900		42,552
VistaPrint NV (I)	329		12,719
Web.com Group, Inc. (I)(L)	700		11,956
WebMD Health Corp. (I)	400		9,728
XO Group, Inc. (I)	300		3,000
Yahoo Japan Corp.	42		19,353
Yahoo!, Inc. (I)	6,103		143,604
Zix Corp. (I)	200		716

			2,059,687
IT Services - 1.6%
Accenture PLC, Class A	2,500		189,925
Acxiom Corp. (I)	900		18,360
Alliance Data Systems Corp. (I)	300		48,567
Alten SA	166		6,576
Altran Technologies SA (I)	1,410		9,794
Amadeus IT Holding SA, A Shares	1,481		40,092
Amdocs, Ltd.	1,400		50,750
Anite PLC	600		1,147
Atea ASA	1,060		11,794
AtoS	208		14,324
Automatic Data Processing, Inc.	2,126		138,233
Bechtle AG	182		8,453
Broadridge Financial Solutions, Inc.	1,200		29,808

107

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
IT Services (continued)
CACI International, Inc., Class A (I)	300	$	17,361
Cap Gemini SA	967		44,074
Cardtronics, Inc. (I)	200		5,492
Cass Information Systems, Inc.	121		5,087
CGI Group, Inc., Class A (I)	1,200		32,615
CIBER, Inc. (I)	1,400		6,580
Cielo SA	1,400		41,195
Cognizant Technology
Solutions Corp., Class A (I)	1,100		84,271
Computacenter PLC	1,000		8,212
Computer Sciences Corp.	1,400		68,922
Computershare, Ltd.	1,852		19,720
Convergys Corp.	1,600		27,248
CoreLogic, Inc. (I)	1,400		36,204
CSE Global, Ltd.	12,000		8,375
CSG Systems International, Inc. (I)	400		8,476
DST Systems, Inc.	400		28,508
Euronet Worldwide, Inc. (I)	830		21,862
ExlService Holdings, Inc. (I)	284		9,338
Fidelity National Information Services, Inc.	2,600		103,012
Fiserv, Inc. (I)	1,347		118,307
FleetCor Technologies, Inc. (I)	500		38,335
Forrester Research, Inc.	300		9,495
Gartner, Inc. (I)	600		32,646
Genpact, Ltd.	2,400		43,656
Global Cash Access Holdings, Inc. (I)	1,000		7,050
Global Payments, Inc.	500		24,830
Groupe Steria SA	723		9,775
HCL Infosystems, Ltd.	2,958		2,045
Heartland Payment Systems, Inc.	500		16,485
HIQ International AB	1,776		10,737
IBM Corp.	4,500		959,850
iGATE Corp. (I)	650		12,227
Indra Sistemas SA	937		11,185
Infosys, Ltd.	200		10,684
Infosys, Ltd., ADR (L)	825		44,476
Iress, Ltd.	112		909
IT Holdings Corp.	300		3,937
Jack Henry & Associates, Inc.	900		41,589
Lender Processing Services, Inc.	800		20,368
Lionbridge Technologies, Inc. (I)	600		2,322
ManTech International Corp., Class A (L)	300		8,061
Mastercard, Inc., Class A	400		216,452
ModusLink Global Solutions, Inc. (I)	200		660
MoneyGram International, Inc. (I)	175		3,168
Mphasis, Ltd.	1,153		8,256
NET One Systems Company, Ltd.	600		5,287
NeuStar, Inc., Class A (I)	675		31,408
Nomura Research Institute, Ltd.	600		15,551
NS Solutions Corp.	300		5,782
NTT Data Corp.	4		13,212
Ordina NV (I)	210		324
Otsuka Corp.	100		10,888
Panasonic Information Systems	100		2,371
Paychex, Inc. (L)	1,665		58,392
Rolta India, Ltd.	3,026		3,680
SAIC, Inc. (L)	3,375		45,731
SCSK Corp.	220		4,257
SMS Management & Technology, Ltd.	1,494		7,915
Sykes Enterprises, Inc. (I)	600		9,576
Syntel, Inc. (I)	500		33,760
Tata Consultancy Services, Ltd.	1,202		34,774
Teradata Corp. (I)	1,000		58,510


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
IT Services (continued)
The Hackett Group, Inc.	1,000	$	4,570
The Western Union Company	3,134		47,135
Tieto OYJ	537		11,374
TKC Corp.	200		3,711
Total Systems Services, Inc.	1,500		37,170
Travelsky Technology, Ltd., H Shares	12,000		7,904
Unisys Corp. (I)	500		11,375
VeriFone Systems, Inc. (I)	692		14,311
Virtusa Corp. (I)	200		4,752
Visa, Inc., Class A	2,800		475,552
WEX, Inc. (I)	300		23,550
Wipro, Ltd.	661		5,369
Wipro, Ltd., ADR (L)	1,666		16,827
Wire Card AG	551		15,213
Xchanging PLC	4,028		8,150

			3,830,261
Office Electronics - 0.1%
Brother Industries, Ltd.	1,000		10,358
Canon, Inc., ADR (L)	3,000		110,070
Konica Minolta Holdings, Inc.	2,500		18,310
Neopost SA	327		19,609
Ricoh Company, Ltd.	4,000		43,576
Riso Kagaku Corp.	200		4,001
Toshiba TEC Corp.	1,000		5,928
Xerox Corp.	10,459		89,947
Zebra Technologies Corp., Class A (I)	500		23,565

			325,364
Semiconductors & Semiconductor Equipment - 1.5%
Advanced Energy Industries, Inc. (I)	400		7,320
Advanced Micro Devices, Inc. (I)(L)	4,400		11,220
Advanced Semiconductor Engineering, Inc.	14,060		11,425
Advantest Corp.	700		9,897
Aixtron SE NA	785		11,383
Altera Corp.	1,600		56,752
Amkor Technology, Inc. (I)(L)	2,800		11,200
AMS AG	167		18,853
Analog Devices, Inc.	1,220		56,718
Applied Materials, Inc.	6,200		83,576
Applied Micro Circuits Corp. (I)	900		6,678
ARM Holdings PLC, ADR (L)	1,516		64,233
ASM International NV	872		28,982
ASM Pacific Technology, Ltd.	1,100		12,120
ASML Holding NV	1,011		68,070
Atmel Corp. (I)	3,600		25,056
ATMI, Inc. (I)	400		8,972
Avago Technologies, Ltd.	1,581		56,790
AXT, Inc. (I)	800		2,352
BE Semiconductor Industries NV	812		6,979
Broadcom Corp., Class A	2,200		76,274
Brooks Automation, Inc. (L)	1,100		11,198
Cabot Microelectronics Corp. (I)(L)	300		10,425
Cirrus Logic, Inc. (I)	219		4,982
Cohu, Inc.	300		2,808
Cree, Inc. (I)	1,100		60,181
CSR PLC	763		5,597
CSR PLC, ADR	103		3,003
Cymer, Inc. (I)	300		28,830
Cypress Semiconductor Corp.	711		7,842
Dialog Semiconductor PLC (I)	447		5,935
Diodes, Inc. (I)	700		14,686
Disco Corp.	100		5,698
Dongbu HiTek Company, Ltd. (I)	260		1,498

108

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Semiconductors & Semiconductor Equipment (continued)
DSP Group, Inc. (I)	300	$	2,421
Elan Microelectronics Corp.	5,050		11,129
Entegris, Inc. (I)	1,700		16,762
Epistar Corp.	6,000		10,744
Exar Corp. (I)	600		6,300
Fairchild Semiconductor International, Inc. (I)	1,500		21,210
First Solar, Inc. (I)(L)	500		13,480
Forhouse Corp.	7,000		3,510
FormFactor, Inc. (I)	945		4,442
GCL-Poly Energy Holdings, Ltd.	47,596		9,732
Gintech Energy Corp. (I)	5,301		4,671
GSI Technology, Inc. (I)	800		5,272
GT Advanced Technologies, Inc. (I)(L)	700		2,303
Hansol Technics Company, Inc. (I)	341		6,543
Hittite Microwave Corp. (I)	300		18,168
Infineon Technologies AG	2,691		21,258
Infineon Technologies AG, ADR (L)	1,444		11,494
Inotera Memories, Inc. (I)	13,000		3,679
Integrated Device Technology, Inc. (I)	800		5,976
Integrated Silicon Solution, Inc. (I)	500		4,585
Intel Corp.	24,519		535,740
International Rectifier Corp. (I)(L)	900		19,035
Intersil Corp., Class A	1,600		13,936
IXYS Corp.	300		2,877
KLA-Tencor Corp.	1,600		84,384
Kontron AG	927		5,040
Kulicke & Soffa Industries, Inc. (I)	1,200		13,872
Lam Research Corp. (I)	1,402		58,127
Linear Technology Corp.	1,259		48,308
LSI Corp. (I)	4,384		29,724
Macronix International	28,304		8,138
Marvell Technology Group, Ltd.	4,500		47,610
Maxim Integrated Products, Inc.	2,000		65,300
MediaTek, Inc.	4,026		45,884
Mellanox Technologies, Ltd. (I)	228		12,596
Microchip Technology, Inc. (L)	1,100		40,436
Micron Technology, Inc. (I)	9,700		96,806
Micronas Semiconductor Holding AG	171		1,228
Microsemi Corp. (I)	900		20,853
Mindspeed Technologies, Inc. (I)	200		666
MKS Instruments, Inc.	400		10,880
Monolithic Power Systems, Inc.	300		7,311
MoSys, Inc. (I)	500		2,355
Nanometrics, Inc. (I)(L)	400		5,772
Nanya Technology Corp. (I)	27,181		3,325
Nordic Semiconductor ASA (I)(L)	2,682		8,433
Novatek Microelectronics Corp., Ltd.	4,000		17,533
NVIDIA Corp.	5,400		69,228
OmniVision Technologies, Inc. (I)(L)	600		8,268
ON Semiconductor Corp. (I)	3,200		26,496
OptoTech Corp.	9,000		3,715
Pericom Semiconductor Corp. (I)	400		2,724
Photronics, Inc. (I)(L)	1,000		6,680
PMC-Sierra, Inc. (I)	1,900		12,901
Powertech Technology, Inc.	6,300		10,607
Realtek Semiconductor Corp.	4,161		9,545
Renewable Energy Corp. ASA (I)	5,803		1,149
RF Micro Devices, Inc. (I)	3,400		18,088
Richtek Technology Corp.	1,050		6,069
Rohm Company, Ltd.	700		24,328
Rubicon Technology, Inc. (I)	400		2,640
Rudolph Technologies, Inc. (I)	600		7,068
Samsung Electronics Company, Ltd.	322		438,565


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Semiconductors & Semiconductor Equipment (continued)
Sanken Electric Company, Ltd.	1,000	$	4,043
Semiconductor
Manufacturing International Corp. (I)	265,000		15,923
Semtech Corp. (I)	400		14,156
Shinko Electric Industries Company, Ltd.	800		6,681
Sigma Designs, Inc. (I)	900		4,383
Sigurd Microelectronics Corp.	12,000		12,324
Silicon Image, Inc. (I)	400		1,944
Silicon Laboratories, Inc. (I)	400		16,544
Siliconware Precision Industries Company
(Taiwan Exchange)	18,000		20,818
Siliconware Precision Industries
Company, ADR	212		1,234
SK Hynix, Inc. (I)	1,570		41,564
Skyworks Solutions, Inc. (I)	1,100		24,233
SMA Solar Technology AG	59		1,413
SOITEC (I)	1,651		6,191
Solarworld AG	724		795
Sonix Technology Company, Ltd.	5,000		7,218
Spansion, Inc., Class A (I)	900		11,583
STMicroelectronics NV	3,889		29,951
Sumco Corp.	900		10,235
Supertex, Inc.	100		2,221
Taiwan Semiconductor
Manufacturing Company, Ltd.	66,530		222,269
Teradyne, Inc. (I)(L)	1,912		31,013
Texas Instruments, Inc.	4,400		156,112
Tokyo Electron, Ltd.	600		25,583
Tokyo Seimitsu Company, Ltd.	200		4,179
Tower Semiconductor, Ltd. (I)	152		1,079
TriQuint Semiconductor, Inc. (I)	2,600		13,130
Tyntek Corp. (I)	8,405		2,314
Ultra Clean Holdings (I)	400		2,600
Ultratech, Inc. (I)	200		7,906
ULVAC, Inc. (I)	300		2,498
Unisem Malaysia BHD	50		14
United Microelectronics Corp.	67,620		25,190
Veeco Instruments, Inc. (I)	600		22,998
Volterra Semiconductor Corp. (I)	300		4,260
Wolfson Microelectronics PLC (I)	1,312		3,528
Xilinx, Inc.	1,700		64,889

			3,658,468
Software - 1.4%
Absolute Software Corp.	200		1,061
Accelrys, Inc. (I)	100		976
ACI Worldwide, Inc. (I)	323		15,782
Activision Blizzard, Inc.	2,300		33,511
Adobe Systems, Inc. (I)	2,484		108,079
Advent Software, Inc. (I)	400		11,188
ANSYS, Inc. (I)	600		48,852
Aspen Technology, Inc. (I)	646		20,859
Asseco Poland SA	707		9,126
Autodesk, Inc. (I)	1,400		57,736
Aveva Group PLC	375		12,914
Blackbaud, Inc.	700		20,741
BMC Software, Inc. (I)	900		41,697
Bottomline Technologies, Inc. (I)(L)	300		8,553
CA, Inc.	2,000		50,340
Cadence Design Systems, Inc. (I)	2,100		29,253
Citrix Systems, Inc. (I)	900		64,944
CommVault Systems, Inc. (I)	307		25,168
Computer Modelling Group, Ltd.	240		4,983
Compuware Corp. (I)	2,436		30,450

109

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Software (continued)
Concur Technologies, Inc. (I)(L)	700	$	48,062
Cyberlink Corp.	1,612		5,185
Dassault Systemes SA	135		15,617
DTS Corp.	500		8,253
DuzonBlzon Company, Ltd.	520		5,884
Ebix, Inc. (L)	600		9,732
Electronic Arts, Inc. (I)	2,800		49,560
EPIQ Systems, Inc.	400		5,612
ePlus, Inc.	100		4,621
Exact Holdings NV	78		1,620
FactSet Research Systems, Inc. (L)	300		27,780
Fair Isaac Corp.	400		18,276
FalconStor Software, Inc. (I)	800		2,144
Fidessa Group PLC	252		7,479
Financial Technologies India, Ltd.	236		3,089
Fortinet, Inc. (I)	800		18,944
GameLoft SA (I)	440		2,877
Industrial & Financial Systems AB	283		5,058
Informatica Corp. (I)	600		20,682
Interactive Intelligence Group (I)	200		8,870
Intuit, Inc.	1,200		78,780
Kingdee International Software
Group Company, Ltd. (I)	12,000		2,013
Kingsoft Corp., Ltd.	12,000		11,043
Kofax PLC (I)	695		3,350
MacDonald Dettwiler & Associates, Ltd.	292		19,977
Manhattan Associates, Inc. (I)	115		8,543
Mentor Graphics Corp.	1,500		27,075
Micro Focus International PLC	390		4,062
MICROS Systems, Inc. (I)(L)	500		22,755
Microsoft Corp.	28,908		827,058
Monotype Imaging Holdings, Inc.	600		14,250
NCSoft Corp.	98		13,701
Netscout Systems, Inc. (I)	600		14,742
NetSuite, Inc. (I)(L)	397		31,784
NICE Systems, Ltd., ADR (I)	349		12,854
Nintendo Company, Ltd.	300		32,465
NSD Company, Ltd.	400		4,534
Nuance Communications, Inc. (I)(L)	2,100		42,378
OBIC Business Consultants, Ltd.	50		2,804
Oracle Corp.	14,254		460,974
Oracle Financial Services Software, Ltd. (I)	194		9,267
PROS Holdings, Inc. (I)	700		19,019
PTC, Inc. (I)	1,200		30,588
Red Hat, Inc. (I)	1,035		52,330
RM PLC	1,719		2,062
Rosetta Stone, Inc. (I)	300		4,614
Rovi Corp. (I)	900		19,269
Salesforce.com, Inc. (I)	500		89,415
SAP AG	1,012		81,101
SAP AG, ADR	1,688		135,952
SDL PLC	846		5,065
Seachange International, Inc. (I)	300		3,567
SimCorp A/S	51		13,684
SolarWinds, Inc. (I)	600		35,460
Solera Holdings, Inc.	500		29,165
Square Enix Company, Ltd.	400		4,287
SS&C Technologies Holdings, Inc. (I)	800		23,984
Symantec Corp. (I)	3,500		86,380
Synopsys, Inc. (I)	1,200		43,056
Take-Two Interactive Software, Inc. (I)	1,019		16,457
TeleCommunication
Systems, Inc., Class A (I)(L)	300		669


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Software (continued)
Temenos Group AG (I)	448	$	10,652
The Descartes Systems Group, Inc. (I)	600		5,623
The Sage Group PLC	8,218		42,921
TIBCO Software, Inc. (I)	800		16,176
Totvs SA	500		10,278
Trend Micro, Inc.	500		14,045
Tyler Technologies, Inc. (I)	500		30,630
UBISOFT Entertainment SA (I)	662		7,167
Unit4 NV	323		10,507
Verint Systems, Inc. (I)	200		7,310
VMware, Inc., Class A (I)	400		31,552

			3,392,952

			21,256,071
Materials - 5.1%
Chemicals - 2.1%
A. Schulman, Inc.	500		15,780
Aeci, Ltd.	576		6,391
African Oxygen, Ltd.	1,477		3,664
Agrium, Inc.	500		48,757
Air Liquide SA	771		93,749
Air Products & Chemicals, Inc.	1,024		89,211
Air Water, Inc.	1,000		13,940
Airgas, Inc. (L)	800		79,328
Akzo Nobel NV	1,480		94,040
Albemarle Corp.	700		43,764
Alent PLC (I)	3,162		18,146
American Vanguard Corp.	200		6,108
Arkema SA	492		44,807
Asahi Kasei Corp.	5,000		33,773
Asahi Organic Chemicals
Industry Company, Ltd.	3,000		6,682
Ashland, Inc.	900		66,870
Asia Polymer Corp.	2,400		1,907
Axiall Corp.	641		39,845
Balchem Corp.	100		4,394
Barito Pacific Tbk PT (I)	49,500		2,217
BASF SE	2,564		224,646
Batu Kawan BHD	1,600		9,306
Cabot Corp.	600		20,520
Capro Corp.	180		1,849
Celanese Corp., Series A	1,000		44,050
CF Industries Holdings, Inc.	438		83,382
Cheil Industries, Inc.	295		23,454
Chemtura Corp. (I)	1,400		30,254
China BlueChemical, Ltd., H Shares	18,000		11,137
China Lumena New Materials Corp. (L)	26,000		5,568
China Manmade Fibers Corp. (I)	5,000		1,943
China Petrochemical Development Corp.	13,700		7,470
Chr Hansen Holding A/S	448		16,616
Ciech SA (I)	754		5,260
Clariant AG	2,144		29,867
Coromandel International, Ltd.	62		211
Croda International PLC	768		32,032
Cytec Industries, Inc.	600		44,448
Daicel Corp.	2,000		15,662
Dainichiseika Color & Chemicals
Manufacturing Company, Ltd.	1,000		4,750
DIC Corp.	3,000		6,439
Dongyue Group	5,000		2,911
DuluxGroup, Ltd.	2,418		11,222
E.I. du Pont de Nemours & Company	3,700		181,892
Eastman Chemical Company	1,144		79,931

110

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Chemicals (continued)
Ecolab, Inc.	1,300	$	104,234
EID Parry India, Ltd.	32		89
Elementis PLC	3,596		14,293
Eternal Chemical Company, Ltd.	9,922		8,211
Everlight Chemical Industrial Corp.	10,395		7,183
Fertilizantes Heringer SA (I)	200		1,178
Filtrona PLC	3,088		34,258
FMC Corp.	1,000		57,030
Formosa Chemicals & Fibre Corp.	8,390		18,781
Formosa Plastics Corp.	13,470		31,876
Frutarom Industries, Ltd.	570		7,674
Fuchs Petrolub AG	145		11,150
Fufeng Group, Ltd.	10,000		3,569
Givaudan AG	43		52,836
Grand Pacific Petrochemical Corp.	14,000		7,110
Gurit Holding AG	8		3,250
H&R AG	165		2,086
H.B. Fuller Company	600		23,448
Hanwha Chemical Corp.	600		10,653
Hawkins, Inc. (L)	200		7,990
Hexpol AB	75		4,308
Hitachi Chemical, Ltd.	400		6,129
Ho Tung Chemical Corp. (I)	10,035		4,621
Huchems Fine Chemical Corp.	244		5,314
Huntsman Corp.	2,000		37,180
Hyosung Corp.	25		1,239
Incitec Pivot, Ltd.	9,678		31,257
Innophos Holdings, Inc.	100		5,456
International Flavors & Fragrances, Inc.	500		38,335
Intrepid Potash, Inc. (L)	600		11,256
Israel Chemicals, Ltd.	1,355		17,530
Johnson Matthey PLC	1,154		40,366
JSR Corp.	800		16,391
K&S AG	621		28,887
Kansai Paint Company, Ltd.	1,000		11,119
Kanto Denka Kogyo Company, Ltd. (I)	1,000		2,583
Kolon Corp.	64		1,328
Kolon Industries, Inc.	208		10,068
Koninklijke DSM NV	729		42,470
Koninklijke Ten Cate NV	100		2,356
Kraton Performance Polymers, Inc. (I)	400		9,360
Kronos Worldwide, Inc.	400		6,260
Kumho Petrochemical Company, Ltd.	90		8,631
Kuraray Company, Ltd.	1,800		25,385
Kureha Corp.	1,000		3,559
Landec Corp. (I)	300		4,341
Lanxess AG	523		37,098
Lee & Man Chemical Company, Ltd.	2,000		1,166
LG Chem, Ltd.	142		33,967
Linde AG	632		117,565
Lintec Corp.	100		1,910
Lotte Chemical Corp.	57		10,163
LSB Industries, Inc. (I)	200		6,956
LyondellBasell Industries NV, Class A	773		48,923
Methanex Corp.	500		20,372
Mexichem SAB de CV	4,727		25,367
Migao Corp. (I)(L)	1,200		1,370
Minerals Technologies, Inc.	400		16,604
Mitsubishi Chemical Holdings Corp.	8,000		38,080
Mitsubishi Gas & Chemicals Company, Inc.	1,000		6,618
Mitsui Chemicals, Inc.	6,000		13,074
Monsanto Company	2,500		264,075
Nan Ya Plastics Corp.	14,870		26,251


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Chemicals (continued)
NewMarket Corp.	100	$	26,036
Nissan Chemical Industries, Ltd.	1,000		12,072
Nitto Denko Corp.	400		24,037
NOF Corp.	1,000		4,945
Novozymes A/S, B shares	902		30,566
Nufarm, Ltd.	1,560		6,427
Nuplex Industries, Ltd.	4,226		11,769
OCI Company, Ltd.	93		13,368
Okamoto Industries, Inc.	2,000		6,832
Olin Corp.	760		19,167
Omnia Holdings, Ltd.	85		1,461
OMNOVA Solutions, Inc. (I)	1,200		9,204
Orica, Ltd.	1,427		36,417
Penford Corp. (I)	100		1,097
Petronas Chemicals Group BHD	2,800		5,833
PolyOne Corp.	1,327		32,384
Potash Corp. of Saskatchewan, Inc.	2,200		86,410
PPG Industries, Inc.	595		79,694
Praxair, Inc.	1,199		133,736
PTT Global Chemical PCL	5,614		13,323
Quaker Chemical Corp.	100		5,902
Rockwood Holdings, Inc.	600		39,264
RPM International, Inc.	1,300		41,054
Sakai Chemical Industry Company, Ltd.	1,000		3,188
Samsung Fine Chemicals Company, Ltd.	232		11,563
Sanyo Chemical Industries, Ltd.	1,000		5,500
Sensient Technologies Corp.	300		11,727
Shin-Etsu Chemical Company, Ltd.	1,300		86,269
Showa Denko KK	5,000		7,540
Sigma-Aldrich Corp. (L)	800		62,144
Sika AG	13		31,613
Sinofert Holdings, Ltd.	34,000		8,573
SK Chemicals Company, Ltd.	103		5,204
Sociedad Quimica y Minera de
Chile SA, ADR	243		13,474
Solvay SA	301		40,794
Stella Chemifa Corp.	200		3,834
Stepan Company	200		12,620
Sumitomo Chemical Company, Ltd.	8,645		27,167
Symrise AG	434		17,198
Syngenta AG	18		7,524
Syngenta AG, ADR (L)	1,485		124,369
Synthos SA	9,279		17,969
Taekwang Industrial Company, Ltd.	5		4,683
Taiyo Holdings Company, Ltd.	100		2,898
Taiyo Nippon Sanso Corp.	2,000		13,915
Takasago International Corp.	1,000		5,556
Teijin, Ltd.	6,000		13,908
Tessenderlo Chemie NV (I)	18		0
Tessenderlo Chemie NV	221		5,880
The Dow Chemical Company	7,076		225,300
The Mosaic Company	1,500		89,415
The Scotts Miracle-Gro Company, Class A (L)	500		21,620
The Sherwin-Williams Company	600		101,334
Tikkurila OYJ	323		6,799
Toda Kogyo Corp.	1,000		3,443
Tokai Carbon Company, Ltd.	2,000		6,901
Tokuyama Corp. (L)	2,000		5,640
Toray Industries, Inc.	4,000		27,163
Toyobo Company, Ltd.	10,000		17,098
Ube Industries, Ltd.	5,000		9,867
Umicore SA	650		30,578
United Phosphorus, Ltd.	3,143		6,864

111

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Chemicals (continued)
Uralkali OJSC, GDR	899	$	33,203
Valspar Corp.	900		56,025
Victrex PLC	784		19,844
W.R. Grace & Company (I)	500		38,755
Wacker Chemie AG	99		7,087
Westlake Chemical Corp.	400		37,400
Yara International ASA	496		22,560
Yingde Gases	9,000		10,040
Yushiro Chemical Industry Company, Ltd.	300		3,020
Zep, Inc.	400		6,004
Zoltek Companies, Inc. (I)	800		9,560

			5,042,008
Construction Materials - 0.4%
ACC, Ltd.	460		9,817
Adana Cimento Sanayii TAS, Class A	1,960		4,419
Adelaide Brighton, Ltd.	4,590		16,959
Ambuja Cements, Ltd.	4,724		15,150
Anhui Conch Cement Company, Ltd.,
H Shares	7,500		25,044
Asia Cement Corp.	7,000		8,480
Boral, Ltd.	4,267		21,883
Buzzi Unicem SpA	1,110		17,088
Cementir SpA	447		1,268
Cementos Portland Valderrivas SA (I)	444		2,540
Cemex SAB de CV, ADR (I)(L)	7,572		92,454
Chia Hsin Cement Corp.	15,149		6,619
China National Building Material
Company, Ltd., H Shares	14,000		17,725
China Shanshui Cement Group, Ltd.	20,000		11,516
Corp Moctezuma SAB de CV	4,000		12,495
CRH PLC, ADR (L)	3,666		80,982
Eagle Materials, Inc.	700		46,641
Fletcher Building, Ltd.	3,415		24,532
Goldsun Development &
Construction Company, Ltd.	20,786		8,336
Grasim Industries, Ltd.	106		5,763
Hanil Cement Company, Ltd.	6		308
Headwaters, Inc. (I)	1,000		10,900
HeidelbergCement AG	774		55,652
Holcim Indonesia Tbk PT	28,500		10,564
Holcim, Ltd.	1,304		104,033
Imerys SA	268		17,428
India Cements, Ltd.	2,973		4,562
Indocement Tunggal Prakarsa Tbk PT	5,500		13,202
Italcementi SpA	699		4,080
James Hardie Industries PLC, ADR	600		31,278
Lafarge Malayan Cement BHD	1,200		3,832
Lafarge SA	1,192		79,281
Martin Marietta Materials, Inc. (L)	400		40,808
Nuh Cimento Sanayi AS	584		3,471
PPC, Ltd.	4,312		15,035
RHI AG	89		2,890
Sa des Ciments Vicat	137		8,542
Semen Gresik Persero Tbk PT	10,500		19,126
Shree Cement, Ltd.	150		11,140
Taiheiyo Cement Corp.	6,000		14,408
Taiwan Cement Corp.	13,740		16,948
TCC International Holdings, Ltd.	10,000		2,687
Texas Industries, Inc. (I)(L)	400		25,244
Titan Cement Company SA (I)	454		7,563
Ultratech Cement, Ltd.	431		14,963
United States Lime & Minerals, Inc. (I)	100		5,319
Universal Cement Corp.	11,000		6,579


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Construction Materials (continued)
Vulcan Materials Company	1,300	$	67,210

			1,026,764
Containers & Packaging - 0.3%
AEP Industries, Inc. (I)	200		14,362
Amcor, Ltd.	5,696		55,310
AMVIG Holdings, Ltd.	4,000		1,486
Aptargroup, Inc.	644		36,933
Ball Corp.	800		38,064
Bemis Company, Inc.	900		36,324
BillerudKorsnas AB	900		8,684
Boise, Inc.	1,250		10,825
Cascades, Inc.	500		2,215
CCL Industries, Inc.	500		29,483
Cheng Loong Corp.	5,200		2,282
Crown Holdings, Inc. (I)	700		29,127
D.S. Smith PLC	8,104		26,968
Fajar Surya Wisesa Tbk PT (I)	24,000		6,678
Graphic Packaging Holding Company (I)	5,047		37,802
Greif, Inc., Class A	300		16,086
Huhtamaki OYJ	687		13,520
Intertape Polymer Group, Inc.	2,100		22,822
MeadWestvaco Corp.	1,555		56,447
Mpact, Ltd.	1,967		5,003
Myers Industries, Inc.	300		4,188
Nampak, Ltd.	4,542		15,865
Nihon Yamamura Glass Company, Ltd.	2,000		3,902
Owens-Illinois, Inc. (I)	1,800		47,970
Packaging Corp. of America	600		26,922
Rexam PLC	6,245		50,080
Rock-Tenn Company, Class A	608		56,416
RPC Group PLC	2,000		12,085
Sealed Air Corp.	1,700		40,987
Silgan Holdings, Inc.	600		28,350
Sonoco Products Company	1,000		34,990
Taiwan Hon Chuan Enterprise Company, Ltd.	3,000		7,760
Toyo Seikan Kaisha, Ltd.	1,100		15,242
Vidrala SA	144		4,706

			799,884
Metals & Mining - 2.0%
A. M. Castle & Company (I)(L)	200		3,500
Acerinox SA (L)	1,123		11,528
African Rainbow Minerals, Ltd.	594		12,233
Agnico-Eagle Mines, Ltd.	800		32,816
Aichi Steel Corp.	1,000		4,048
Alcoa, Inc. (L)	9,000		76,680
Allegheny Technologies, Inc.	845		26,795
Allied Nevada Gold Corp. (I)	825		13,580
Alumina, Ltd. (I)	18,167		21,228
Aluminum Corp. of China, Ltd., H Shares (I)	8,000		3,116
AMCOL International Corp.	100		3,019
Aneka Tambang Persero Tbk PT	33,000		4,666
Angang Steel Company, Ltd., H Shares (I)	10,000		5,500
Anglo American Platinum, Ltd. (I)	276		11,475
Anglo American PLC	5,071		130,542
AngloGold Ashanti, Ltd., ADR	1,100		25,905
Antofagasta PLC	1,948		29,169
APERAM (I)	208		2,559
Aquarius Platinum, Ltd. (I)	2,324		1,753
ArcelorMittal	3,070		39,656
ArcelorMittal South Africa, Ltd. (I)	1,545		4,778
Arrium, Ltd.	9,891		9,011
Assore, Ltd.	264		8,920

112

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Metals & Mining (continued)
Aura Minerals, Inc. (I)	1,715	$	574
AuRico Gold, Inc.	1,784		11,239
Aurizon Mines, Ltd. (I)	1,500		6,571
Aurubis AG	323		20,531
Barrick Gold Corp.	3,662		107,569
BHP Billiton PLC	3,151		182,947
BHP Billiton, Ltd.	2,069		70,801
BHP Billiton, Ltd., ADR	3,272		223,903
BlueScope Steel, Ltd. (I)	4,234		22,190
Boliden AB	2,677		43,183
Canam Group, Inc. (I)	100		836
CAP SA	412		13,361
Carpenter Technology Corp.	400		19,716
Centerra Gold, Inc.	800		4,764
Century Aluminum Company (I)	1,600		12,384
China Metal Recycling Holdings, Ltd. (L)	7,800		7,580
China Molybdenum Company, Ltd., H Shares	18,000		7,899
China Precious Metal Resources
Holdings Company, Ltd. (I)	50,000		9,082
China Rare Earth Holdings, Ltd.	22,000		3,916
China Steel Corp.	41,831		36,363
China Zhongwang Holdings, Ltd. (I)	11,600		3,926
Chung Hung Steel Corp. (I)	7,450		2,141
Cia Minera Autlan SAB de CV, Series B	400		352
Cliffs Natural Resources, Inc. (L)	1,300		24,713
Cline Mining Corp. (I)	2,400		201
Coeur d’Alene Mines Corp. (I)	700		13,202
Commercial Metals Company	1,700		26,945
Companhia Siderurgica Nacional SA, ADR (L)	3,950		17,696
Compania de Minas
Buenaventura SA, ADR (L)	693		17,990
Compass Minerals International, Inc.	400		31,560
CST Mining Group, Ltd. (I)	240,000		3,595
Daido Steel Company, Ltd.	2,000		10,658
Detour Gold Corp. (I)	400		7,690
Dominion Diamond Corp. (I)	200		3,268
Dowa Holdings Company, Ltd.	2,000		15,695
DRDGOLD, Ltd.	8,960		6,982
Dundee Precious Metals, Inc. (I)	1,300		10,110
Eastern Platinum, Ltd. (I)	26,100		3,725
Eldorado Gold Corp.	2,834		27,089
Eramet	36		3,899
Eregli Demir ve Celik Fabrikalari TAS	5,799		7,531
Eurasian Natural Resources Corp. PLC	1,380		5,168
Evraz PLC	2,142		7,271
First Majestic Silver Corp (I)	200		3,239
First Quantum Minerals, Ltd. (L)	1,800		34,233
Fortescue Metals Group, Ltd. (L)	3,428		14,197
Fortuna Silver Mines, Inc. (I)	800		3,449
Franco-Nevada Corp.	500		22,823
Freeport-McMoRan Copper & Gold, Inc.	4,700		155,570
Fresnillo PLC	759		15,687
G-Resources Group, Ltd. (I)	84,000		4,392
Gem Diamonds, Ltd. (I)	3,004		6,250
Gerdau SA	9		62
Gerdau SA, ADR (L)	3,700		28,527
Globe Specialty Metals, Inc.	858		11,943
Godo Steel, Ltd.	3,000		5,414
Gold Fields, Ltd., ADR	3,655		28,326
Goldcorp, Inc. (New York Exchange)	3,233		108,780
Golden Star Resources, Ltd. (I)	1,500		2,407
Grupo Mexico SAB de CV, Series B	15,008		60,567
Guyana Goldfields, Inc. (I)	396		1,099


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Metals & Mining (continued)
Harmony Gold Mining Company, Ltd., ADR	1,902	$	12,192
Haynes International, Inc.	100		5,530
Hecla Mining Company (L)	3,200		12,640
Hill & Smith Holdings PLC	125		850
Hindalco Industries, Ltd.	7,917		13,359
Hitachi Metals, Ltd.	1,400		13,402
Hoganas AB	200		9,895
Horsehead Holding Corp. (I)	700		7,616
HudBay Minerals, Inc.	1,080		10,387
Hunan Nonferrous Metal Corp., Ltd.,
H Shares (I)	12,000		3,619
Hyundai Hysco Company, Ltd.	300		9,220
Hyundai Steel Company	304		22,273
IAMGOLD Corp.	2,000		14,431
Iluka Resources, Ltd. (L)	1,855		18,138
Impala Platinum Holdings, Ltd.	2,297		33,821
Independence Group NL	1,343		5,580
Industrias CH SAB de CV, Series B (I)	2,500		21,831
Industrias Penoles SAB de CV	590		27,693
Inmet Mining Corp.	300		19,978
International Tower Hill Mines, Ltd. (I)	1,100		1,678
Ivanhoe Australia, Ltd. (I)	2,621		726
Jaguar Mining, Inc. (I)	600		354
JFE Holdings, Inc.	2,000		38,663
Jiangxi Copper Company, Ltd., H Shares	9,000		19,989
Jindal Steel & Power, Ltd.	1,814		11,715
JSW Steel, Ltd.	631		7,671
Kagara, Ltd. (I)	15,000		1,874
Kaiser Aluminum Corp.	100		6,465
Kardemir Karabuk Demir Celik Sanayi ve
Ticaret AS, Class D	6,724		6,018
Katanga Mining, Ltd. (I)	1,200		862
Kazakhmys PLC	1,137		6,788
KGHM Polska Miedz SA	649		31,492
Kingsgate Consolidated, Ltd.	682		2,774
Kinross Gold Corp.	6,178		48,896
Kirkland Lake Gold, Inc. (I)	100		530
KISCO Corp.	35		872
KISCO Holdings Company, Ltd.	10		326
Kobe Steel, Ltd. (I)	17,000		20,001
Korea Zinc Company, Ltd.	37		11,826
Koza Anadolu Metal Madencilik
Isletmeleri AS (I)	6,160		17,644
Kumba Iron Ore, Ltd.	205		10,971
Lake Shore Gold Corp. (I)(L)	2,500		1,501
Lingbao Gold Company, Ltd., H Shares	4,000		1,510
Lion Industries Corp. BHD	17,400		5,065
Lonmin PLC (I)(L)	3,693		16,348
Lundin Mining Corp. (I)	3,005		13,134
Magnitogorsk Iron & Steel Works, GDR	911		3,123
Major Drilling Group International	300		2,673
Materion Corp.	300		8,550
Mechel, ADR (L)	500		2,530
Medusa Mining, Ltd.	1,338		6,013
Mercator Minerals, Ltd. (I)	2,600		934
Midas Holdings, Ltd.	12,000		5,241
Minera Andes Acquisition Corp. (I)	1,683		4,788
Minera Frisco SAB de CV, Class A1 (I)	5,300		22,945
Mitsubishi Materials Corp.	6,000		16,969
MMC Norilsk Nickel OJSC, ADR (London
Stock Exchange)	1,618		27,406
Molycorp, Inc. (I)	875		4,550
Mount Gibson Iron, Ltd.	2,570		1,395

113

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Metals & Mining (continued)
Mytilineos Holdings SA (I)	2,024	$	10,689
National Aluminium Company, Ltd.	5,523		3,387
New Gold, Inc (I)	2,600		23,649
Newcrest Mining, Ltd.	3,050		63,737
Newmont Mining Corp.	2,500		104,725
Nippon Coke & Engineering Company, Ltd.	3,500		4,653
Nippon Light Metal Holdings Co Ltd.	3,000		3,431
Nippon Steel Corp.	23,820		60,621
Nippon Yakin Kogyo Company, Ltd. (I)	500		662
Nisshin Steel Holdings Co Ltd.	700		5,543
Noranda Aluminum Holding Corp.	1,000		4,490
Norsk Hydro ASA	5,320		23,138
North American Palladium, Ltd. (I)	200		285
Northam Platinum, Ltd. (I)	2,901		12,531
Northern Dynasty Minerals, Ltd. (I)	500		1,590
Novolipetsk Steel OJSC, GDR	400		6,308
Nucor Corp.	1,648		76,055
Nyrstar	1,073		4,999
Nyrstar - Strip VVP (I)	441		1
OceanaGold Corp. (I)	3,000		8,535
OSAKA Titanium Technologies Company	100		2,036
Osisko Mining Corp. (I)	1,400		8,310
Outokumpu OYJ (I)	11,376		8,674
OZ Minerals, Ltd.	1,737		9,685
Palabora Mining Company, Ltd. (I)	99		1,130
Pan American Silver Corp.	762		12,527
PanAust, Ltd.	4,050		10,534
Panoramic Resources, Ltd.	4,562		1,772
Petropavlovsk PLC	879		2,975
Polymetal International PLC	1,050		13,874
Poongsan Corp.	230		5,654
POSCO, ADR	1,036		76,364
Randgold Resources, Ltd.	381		32,809
Rautaruukki OYJ	824		5,238
Reliance Steel & Aluminum Company	900		64,053
Resolute Mining, Ltd.	6,735		9,358
Rex Minerals, Ltd. (I)	1,663		811
Rio Tinto PLC, ADR (L)	3,978		187,284
Rio Tinto, Ltd.	1,344		80,303
Royal Gold, Inc.	500		35,515
RTI International Metals, Inc. (I)(L)	400		12,676
Rubicon Minerals Corp. (I)	2,300		5,592
Ruukki Group OYJ (I)	3,552		2,003
Sabina Gold & Silver Corp. (I)	1,600		2,977
Sanyo Special Steel Company, Ltd.	1,000		3,567
SeAH Holdings Corp.	19		1,558
SEMAFO, Inc.	1,800		4,501
Sesa Goa, Ltd.	2,752		7,907
Severstal OAO, GDR	645		5,731
Sherritt International Corp.	3,300		16,373
Shore Gold, Inc. (I)	1,200		236
Shougang Concord International
Enterprises Company, Ltd. (I)	12,000		667
Shougang Fushan Resources Group, Ltd.	16,000		7,117
Sibanye Gold, Ltd., ADR (I)	914		5,163
Silver Lake Resources, Ltd. (I)	1,765		3,885
Silver Standard Resources, Inc. (I)	600		6,332
Silver Wheaton Corp.	1,200		37,565
Sims Metal Management, Ltd.	789		8,269
Southern Copper Corp. (L)	707		26,562
SSAB AB, Series A	1,479		11,286
SSAB AB, Series B	470		3,089
St Andrew Goldfields, Ltd. (I)	4,000		1,733


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Metals & Mining (continued)
St. Barbara, Ltd. (I)	1,706	$	2,141
Steel Authority of India, Ltd.	3,771		4,317
Steel Dynamics, Inc.	2,400		38,088
Sterlite Industries India Ltd	4,944		8,549
Sterlite Industries India, Ltd., ADR	1,100		7,678
Stillwater Mining Company (I)(L)	1,100		14,223
Straits Metals, Ltd. (I)	839		35
Sumitomo Metal Mining Company, Ltd.	2,000		28,410
SunCoke Energy, Inc. (I)	685		11,186
Taseko Mines, Ltd. (I)	900		2,507
Tata Steel, Ltd.	2,299		13,246
Teck Resources, Ltd.	2,100		59,123
Thompson Creek Metals Company, Inc. (I)(L)	1,300		3,929
ThyssenKrupp AG (I)	2,260		45,995
Timah Persero Tbk PT	35,500		5,237
Timminco, Ltd. (I)	300		0
Toho Zinc Company, Ltd.	1,000		4,066
Tokyo Rope Manufacturing Company, Ltd. (I)	4,000		4,921
Tokyo Steel Manufacturing Company, Ltd.	900		3,820
Ton Yi Industrial Corp.	10,500		6,452
Tubos Reunidos SA	599		1,319
Tung Ho Steel Enterprise Corp.	3,212		3,072
Turquoise Hill Resources, Ltd. (I)	1,020		6,496
United States Steel Corp. (L)	1,200		23,400
Usha Martin, Ltd. (I)	2,314		938
Usinas Siderurgicas de Minas Gerais SA (I)	1,400		7,773
Vale Indonesia Tbk PT	24,000		5,884
Vale SA (Ordinary A Shares), ADR	4,608		79,672
Vale SA (Preference A Shares), ADR	7,283		120,388
Vedanta Resources PLC	761		11,637
Viohalco Hellenic Copper and
Aluminum Industry SA (I)	1,796		7,589
Voestalpine AG	608		18,694
Walter Energy, Inc. (L)	500		14,250
Welspun Corp, Ltd.	1,168		1,088
Western Areas NL	1,453		5,180
Worthington Industries, Inc.	800		24,784
Xinjiang Xinxin Mining Industry
Company, Ltd., H Shares	3,000		623
Xstrata PLC	8,020		130,724
Yamana Gold, Inc. (L)	2,800		43,136
Yamato Kogyo Company, Ltd.	300		8,221
YC INOX Company, Ltd.	8,000		4,486
Young Poong Corp.	8		8,621
Zijin Mining Group Company, Ltd., H Shares	10,000		3,315

			4,659,460
Paper & Forest Products - 0.3%
Ahlstrom OYJ	478		7,413
Buckeye Technologies, Inc.	300		8,985
Canfor Corp. (I)	1,200		25,114
Canfor Pulp Products, Inc.	371		4,003
Clearwater Paper Corp. (I)	400		21,076
Daio Paper Corp.	1,000		6,472
Deltic Timber Corp.	100		6,872
Domtar Corp. (L)	400		31,048
Empresas CMPC SA	5,327		19,410
Ence Energia y Celulosa SA	834		2,369
Fibria Celulose SA, ADR (I)(L)	1,104		13,325
Gunns, Ltd. (I)	11,710		1,951
Hansol Paper Company, Ltd.	970		10,478
Holmen AB, Series B	626		18,623
Indah Kiat Pulp & Paper Corp. Tbk PT (I)	38,500		3,498
International Forest Products, Ltd. (I)	300		3,074

114

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Paper & Forest Products (continued)
International Paper Company	2,527	$	117,708
KapStone Paper and Packaging Corp.	600		16,680
Lee & Man Paper Manufacturing, Ltd.	10,600		8,281
Louisiana-Pacific Corp. (I)	1,900		41,040
Masisa SA	76,248		7,681
Mercer International, Inc. (I)	900		6,219
Metsa Board OYJ	5,400		15,969
Mitsubishi Paper Mills, Ltd.	2,000		1,983
Mondi PLC	1,385		18,887
Neenah Paper, Inc.	500		15,380
Nine Dragons Paper Holdings, Ltd.	16,000		15,035
Nippon Paper Group, Inc. (L)	800		12,204
Norbord, Inc. (I)	60		2,042
OJI Paper Company, Ltd.	6,000		22,542
P.H. Glatfelter Company	800		18,704
Portucel - Empresa Produtora de Pasta
e Papel SA	3,115		10,719
Sappi, Ltd., ADR (I)(L)	3,600		11,052
Schweitzer-Mauduit International, Inc.	200		7,746
Semapa-Sociedade de Investimento & Gestao	1,179		10,671
Sequana SA (I)	177		1,416
Sonae Industria SGPS SA (I)	2,576		1,764
Stora Enso OYJ, Series R (L)	3,514		22,764
Svenska Cellulosa AB (A Shares)	349		8,984
Svenska Cellulosa AB (B Shares)	3,599		92,926
Tokushu Tokai Paper Company, Ltd.	3,000		7,031
UPM-Kymmene OYJ	2,812		31,503
Wausau Paper Corp. (L)	400		4,312
West Fraser Timber Company, Ltd.	300		26,579

			741,533

			12,269,649
Telecommunication Services - 2.3%
Diversified Telecommunication Services - 1.5%
AT&T, Inc.	27,595		1,012,461
Atlantic Tele-Network, Inc.	200		9,702
Axtel SAB de CV (I)	14,800		4,444
BCE, Inc. (L)	762		35,600
Belgacom SA (L)	803		19,981
Bell Aliant, Inc. (L)	472		12,517
Bezeq The
Israeli Telecommunication Corp., Ltd.	5,098		7,075
BT Group PLC (L)	3,373		141,767
Cable & Wireless Communications PLC	17,566		11,225
Cbeyond, Inc. (I)	300		2,229
CenturyLink, Inc. (L)	4,165		146,316
China Telecom Corp., Ltd., ADR (L)	320		16,269
China Unicom Hong Kong, Ltd., ADR	1,777		23,954
Chorus, Ltd.	786		1,850
Chunghwa Telecom Company, Ltd., ADR	870		27,057
Cincinnati Bell, Inc. (I)(L)	2,600		8,476
Citic 21CN Company, Ltd. (I)	36,000		2,159
Citic Telecom International Holdings, Ltd.	14,000		5,225
Colt Telecom Group SA (I)	4,670		8,943
Consolidated
Communications Holdings, Inc. (L)	487		8,547
Deutsche Telekom AG	9,480		100,241
Elisa OYJ, Class A (L)	806		14,980
France Telecom SA	4,956		50,252
France Telecom SA, ADR (L)	2,398		24,364
Frontier Communications Corp. (L)	9,122		36,306
General Communication, Inc., Class A (I)	1,000		9,170


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Diversified Telecommunication Services (continued)
Hellenic
Telecommunications Organization SA (I)	1,308	$	7,913
IDT Corp., Class B	500		6,030
iiNET, Ltd.	1,376		7,459
Iliad SA	103		21,927
Inmarsat PLC	2,777		29,712
Iridium Communications, Inc. (I)	1,092		6,574
Jazztel PLC (I)	1,715		13,103
Kcom Group PLC	10,565		13,045
Koninklijke KPN NV	4,800		16,265
Level 3 Communications, Inc. (I)(L)	1,253		25,423
LG Uplus Corp. (I)	650		4,691
Lumos Networks Corp.	200		2,696
Mahanagar Telephone Nigam, Ltd. (I)	2		1
Manitoba Telecom Services, Inc.	100		3,249
Netia SA (I)	2,567		3,332
Neutral Tandem, Inc.	300		981
Nippon Telegraph & Telephone Corp.	1,400		61,073
Oi SA	1,056		3,632
Oi SA, ADR	1,731		5,262
Oi SA, Series C, ADR	168		564
PCCW, Ltd.	34,000		15,692
Portugal Telecom SGPS SA (L)	4,625		22,992
Premiere Global Services, Inc. (I)(L)	1,100		12,089
Primus Telecommunications Group, Inc.	323		3,569
QSC AG	2,321		7,775
Singapore Telecommunications, Ltd.	24,000		69,588
Swisscom AG	63		29,160
TalkTalk Telecom Group PLC	5,942		24,625
Tata Communications, Ltd.	396		1,687
TDC A/S	181		1,398
Tele2 AB, B Shares	1,694		29,516
Telecom Corp. of New Zealand, Ltd.	3,933		7,712
Telecom Italia SpA	29,174		20,719
Telefonica Brasil SA, ADR (L)	795		21,211
Telefonica Czech Republic AS	718		10,819
Telefonica SA	1,104		14,923
Telefonica SA, ADR	9,743		131,628
Telekom Austria AG	1,428		9,379
Telekomunikacja Polska SA	1,838		3,765
Telekomunikasi Indonesia Tbk PT, ADR	775		34,937
Telenor ASA	2,003		43,930
TeliaSonera AB	7,752		55,418
Telkom SA, Ltd., ADR (I)	800		5,144
Telstra Corp., Ltd.	13,157		61,853
TELUS Corp.	373		25,761
Tiscali SpA (I)	46,781		2,377
Total Access Communication PCL,
Foreign Shares	6,300		20,383
True Corp. PCL (I)	34,600		9,570
Turk Telekomunikasyon AS	2,270		10,064
tw telecom, Inc. (I)	1,600		40,304
Verizon Communications, Inc.	13,838		680,138
Vivendi SA	4,626		95,810
Windstream Corp. (L)	5,085		40,426
Xl Axiata Tbk PT	2,500		1,351

			3,539,755
Wireless Telecommunication Services - 0.8%
Advanced Info Service PCL	3,000		24,176
Allied Technologies, Ltd.	499		2,009
America Movil SAB de CV,
Series L, ADR (L)	4,751		99,581
Axiata Group BHD	6,300		13,484

115

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Wireless Telecommunication Services (continued)
Bharti Airtel, Ltd.	996	$	5,356
Cellcom Israel, Ltd. (I)	473		3,970
China Mobile, Ltd., ADR (L)	3,993		212,148
Crown Castle International Corp. (I)	1,200		83,568
DiGi.Com BHD	11,000		16,516
Drillisch AG	987		18,035
ENTEL Chile SA	567		12,013
Far EasTone
Telecommunications Company, Ltd.	6,000		13,588
Freenet AG	1,164		28,289
Globe Telecom, Inc.	330		9,716
Idea Cellular, Ltd. (I)	4,368		9,084
Indosat Tbk PT	6,000		4,020
Indosat Tbk PT, ADR	131		4,360
KDDI Corp.	1,400		58,573
Leap Wireless International, Inc. (I)	1,400		8,246
Maxis BHD	6,700		14,134
MetroPCS Communications, Inc. (I)	2,900		31,610
Millicom International Cellular SA	182		14,552
Mobistar SA (I)	176		3,966
MTN Group, Ltd.	5,855		102,818
NII Holdings, Inc. (I)	1,300		5,629
NTT DOCOMO, Inc.	58		86,199
Partner Communications Company, Ltd., ADR	700		4,361
Reliance Communications, Ltd.	3,426		3,492
Rogers Communications, Inc., Class B (L)	1,300		66,404
SBA Communications Corp., Class A (I)	800		57,616
Shenandoah Telecommunications Company	200		3,046
SK Telecom Company, Ltd., ADR	400		7,148
Softbank Corp.	2,861		131,835
Sprint Nextel Corp. (I)	26,600		165,186
Taiwan Mobile Company, Ltd.	3,600		12,172
Telephone & Data Systems, Inc.	768		16,182
Tim Participacoes SA	2,500		10,974
Turkcell Iletisim Hizmetleri AS, ADR (I)	882		14,676
United States Cellular Corp. (I)	300		10,800
USA Mobility, Inc.	500		6,635
VimpelCom, Ltd., ADR	1,335		15,873
Vodacom Group, Ltd.	765		9,146
Vodafone Group PLC, ADR	16,447		467,259

			1,888,445

			5,428,200
Utilities - 2.3%
Electric Utilities - 1.1%
Acciona SA	190		10,447
ALLETE, Inc.	300		14,706
American Electric Power Company, Inc.	2,242		109,028
Centrais Eletricas Brasileiras SA	1,200		4,157
Centrais Eletricas Brasileiras SA, B
Shares, ADR (L)	1,100		6,886
CEZ AS	470		13,756
Cheung Kong Infrastructure Holdings, Ltd.	2,000		13,710
Chubu Electric Power Company, Inc.	1,600		19,496
Cia Energetica de Minas Gerais	500		5,884
Cia Energetica de Minas Gerais, ADR (L)	2,387		28,286
Cia General de Electricidad	1,916		12,069
Cia Paranaense de Energia, ADR	300		4,641
Cleco Corp.	500		23,515
CLP Holdings, Ltd.	4,500		39,444
Duke Energy Corp.	3,404		247,096
E.CL SA	3,509		7,517
Edison International	1,488		74,876


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Electric Utilities (continued)
EDP - Energias de Portugal SA	7,563	$	23,344
EDP - Energias do Brasil SA	2,100		13,198
Electricite de France SA	876		16,808
Elia System Operator SA	221		9,463
Enea SA	198		903
Enel SpA	17,535		57,515
Energiedienst Holding AG	22		849
Enersis SA, ADR	1,851		35,613
Entergy Corp.	800		50,592
Equatorial Energia SA	1,499		14,688
Exelon Corp.	3,137		108,164
Federal Hydrogenerating Company JSC, ADR	6,577		12,846
First Philippine Holdings Corp.	6,300		16,214
FirstEnergy Corp.	1,937		81,741
Fortis, Inc.	900		30,255
Fortum OYJ	1,389		28,076
Great Plains Energy, Inc.	1,000		23,190
Hawaiian Electric Industries, Inc.	900		24,939
Hokkaido Electric Power Company, Inc. (I)	900		9,212
Iberdrola SA	15,587		72,689
IDACORP, Inc.	500		24,135
Isagen SA ESP	7,000		9,738
ITC Holdings Corp. (L)	500		44,630
Korea Electric Power Corp., ADR (I)(L)	1,380		18,754
Kyushu Electric Power Company, Inc. (I)	1,900		19,394
Light SA	700		6,918
MGE Energy, Inc. (L)	300		16,632
NextEra Energy, Inc.	1,900		147,592
Northeast Utilities	943		40,983
NV Energy, Inc.	1,200		24,036
OGE Energy Corp.	500		34,990
Otter Tail Corp.	200		6,228
Pepco Holdings, Inc.	900		19,260
PGE SA	3,010		15,484
Pinnacle West Capital Corp.	600		34,734
PNM Resources, Inc.	600		13,974
Portland General Electric Company	700		21,231
Power Assets Holdings, Ltd.	4,000		37,796
PPL Corp.	2,765		86,572
Public Power Corp. SA (I)	1,004		7,155
Red Electrica Corp. SA	538		27,083
Reliance Infrastructure, Ltd.	523		3,144
Romande Energie Holding SA	8		8,862
Shikoku Electric Power Company, Inc. (I)	600		8,547
Spark Infrastructure Group	9,219		15,945
SSE PLC	4,344		98,155
Tata Power Company, Ltd.	4,280		7,575
Tenaga Nasional BHD	8,750		20,341
Terna Rete Elettrica Nazionale SpA	4,713		19,550
The Chugoku Electric Power Company, Inc.	800		10,450
The Empire District Electric Company	500		11,200
The Kansai Electric Power Company, Ltd. (I)	1,800		17,087
The Southern Company	3,843		180,314
Tohoku Electric Power Company, Inc. (I)	1,800		14,340
Tokyo Electric Power Company, Inc. (I)	5,800		14,424
Torrent Power, Ltd.	1,000		2,518
Transmissora Alianca de Energia Eletrica SA	2,400		26,568
UIL Holdings Corp. (L)	400		15,836
Unitil Corp.	200		5,626
UNS Energy Corp. (L)	500		24,470
Verbund AG, Class A	185		4,013
Westar Energy, Inc.	1,000		33,180

116

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Electric Utilities (continued)
Xcel Energy, Inc.	2,120	$	62,964

			2,528,241
Gas Utilities - 0.3%
AGL Resources, Inc.	586		24,583
APA Group, Ltd.	2,860		17,784
Atmos Energy Corp.	667		28,474
Chesapeake Utilities Corp.	100		4,905
China Gas Holdings, Ltd.	16,000		15,990
China Oil and Gas Group, Ltd. (I)	20,000		3,925
China Resources Gas Group, Ltd.	6,000		16,546
Empresa de Energia de Bogota SA	1,600		1,235
Enagas SA	853		19,931
ENN Energy Holdings, Ltd.	4,000		22,081
Envestra, Ltd.	2,480		2,727
GAIL India, Ltd.	453		2,638
Gas Natural SDG SA	1,886		33,426
Hong Kong & China Gas Company, Ltd.	12,247		35,694
National Fuel Gas Company	400		24,540
New Jersey Resources Corp. (L)	400		17,940
Northwest Natural Gas Company (L)	300		13,146
ONEOK, Inc.	1,400		66,738
Osaka Gas Company, Ltd.	6,000		26,232
Perusahaan Gas Negara Persero Tbk PT	30,500		18,693
Piedmont Natural Gas Company, Inc. (L)	559		18,380
Questar Corp.	1,500		36,495
Saibu Gas Company, Ltd.	4,000		9,364
Samchully Company, Ltd.	69		7,348
Snam SpA	4,918		22,437
South Jersey Industries, Inc.	200		11,118
Southwest Gas Corp.	320		15,187
Superior Plus Corp.	700		8,200
The Laclede Group, Inc. (L)	400		17,080
Toho Gas Company, Ltd.	2,000		12,735
Tokyo Gas Company, Ltd.	8,000		43,242
Towngas China Company, Ltd.	4,000		3,686
UGI Corp.	900		34,551
Valener, Inc.	130		2,060
WGL Holdings, Inc.	500		22,050

			661,161
Independent Power Producers & Energy Traders - 0.2%
Aboitiz Power Corp.	6,400		5,802
Adani Power, Ltd. (I)	2,436		1,813
AES Corp.	4,362		54,830
AES Gener SA (I)	12,208		8,415
Algonquin Power & Utilities Corp.	200		1,465
Boralex, Inc. (I)	200		2,097
Calpine Corp. (I)	4,400		90,640
Capital Power Corp.	200		4,174
Capstone Infrastructure Corp.	350		1,464
China Longyuan Power Group Corp., H Shares	13,000		11,853
China Power New Energy
Development Company, Ltd. (I)	100,000		5,994
China Resource Power Holdings, Ltd.	8,000		24,033
Drax Group PLC	2,951		27,483
EDP Renovaveis SA (I)	1,363		6,590
Electric Power Development Company, Ltd.	500		12,725
Empresa Nacional de Electricidad SA, ADR	298		15,818
Energy Development Corp.	82,000		12,987
Energy World Corp., Ltd. (I)	12,838		4,967
Genie Energy, Ltd., B Shares (I)	500		4,630
GVK Power & Infrastructure, Ltd. (I)	6,734		1,161
Indiabulls Infrastructure and Power, Ltd. (I)	11,900		1,011


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Independent Power Producers & Energy Traders (continued)
Infigen Energy (I)	6,731	$	1,891
Jaiprakash Power Ventures, Ltd. (I)	5,500		2,561
JSW Energy, Ltd.	1,338		1,350
Maxim Power Corp. (I)	100		305
MPX Energia SA (I)	1,800		8,409
National Hydroelectric Power Corp. Ltd.	17,228		6,348
Northland Power, Inc.	847		15,425
NRG Energy, Inc.	2,111		55,920
Ormat Technologies, Inc. (I)(L)	600		12,390
PTC India, Ltd.	2,981		3,270
Ram Power Corp. (I)	365		83
Ratchaburi Electricity Generating
Holding PCL	7,200		14,690
Reliance Power, Ltd. (I)	5,453		6,220
Sechilienne-Sidec SA	300		5,322
Terna Energy SA	291		948
Theolia SA (I)	223		421
TransAlta Corp. (L)	1,399		20,451

			455,956
Multi-Utilities - 0.6%
A2A SpA	9,798		5,829
AGL Energy, Ltd.	1,916		31,700
Alliant Energy Corp.	500		25,090
Ameren Corp.	1,300		45,526
Black Hills Corp.	500		22,020
Canadian Utilities, Ltd.	200		15,851
CenterPoint Energy, Inc.	2,000		47,920
Centrica PLC	19,344		108,250
CH Energy Group, Inc.	200		13,078
CMS Energy Corp.	1,400		39,116
Consolidated Edison, Inc. (L)	1,357		82,818
Dominion Resources, Inc.	2,620		152,432
DTE Energy Company	900		61,506
DUET Group	9,592		22,983
E.ON AG	6,787		118,551
GDF Suez	5,101		98,317
Hera SpA	1,398		2,467
Integrys Energy Group, Inc.	400		23,264
Iren SpA	1,525		1,140
Just Energy Group, Inc. (L)	1,200		7,879
MDU Resources Group, Inc.	700		17,493
MVV Energie AG	69		2,001
National Grid PLC, ADR	1,792		103,954
NiSource, Inc.	1,300		38,142
NorthWestern Corp.	300		11,958
PG&E Corp.	1,865		83,048
Public Service Enterprise Group, Inc.	2,444		83,927
Redes Energeticas Nacionais SA	2,238		6,460
RWE AG	1,544		57,577
SCANA Corp.	500		25,580
Sempra Energy	1,000		79,940
Suez Environnement Company	808		10,311
TECO Energy, Inc. (L)	1,300		23,166
Vector, Ltd.	1,058		2,534
Vectren Corp.	500		17,710
Veolia Environnement SA	793		10,011
Wisconsin Energy Corp. (L)	1,100		47,179
YTL Corp. BHD	20,154		10,640
YTL Power International BHD	13,100		6,182

			1,563,550
Water Utilities - 0.1%
Aguas Andinas SA	1,641		1,288

117

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Water Utilities (continued)
American States Water Company	200	$	11,514
American Water Works Company, Inc.	900		37,296
Aqua America, Inc. (L)	1,084		34,081
Beijing Enterprises Water Group, Ltd.	12,000		3,589
Cadiz, Inc. (I)	400		2,704
California Water Service Group	400		7,960
Cia de Saneamento de Minas Gerais	300		7,272
Companhia de Saneamento Basico de Estado
de Sao Paulo, ADR	400		19,092
Connecticut Water Service, Inc.	200		5,846
Consolidated Water Company, Ltd.	300		2,970
Guangdong Investment, Ltd.	18,000		15,824
Inversiones Aguas Metropolitanas SA	2,737		5,776
Manila Water Company, Inc.	7,000		6,860
Middlesex Water Company	200		3,904
Pennon Group PLC	2,175		20,610
Severn Trent PLC	1,206		31,387
SJW Corp. (L)	300		7,950
Thai Tap Water Supply PCL	15,100		5,569
United Utilities Group PLC	3,691		39,756

			271,248

			5,480,156

TOTAL COMMON STOCKS (Cost $122,308,159)		$	171,245,077


PREFERRED SECURITIES - 0.1%
Consumer Discretionary - 0.0%
Automobiles - 0.0%
Porsche Automobil Holding SE	784		57,343
Multiline Retail - 0.0%
Lojas Americanas SA	1,484		12,793
Textiles, Apparel & Luxury Goods - 0.0%
Alpargatas SA	1,870		12,576

			82,712
Consumer Staples - 0.0%
Beverages - 0.0%
Embotelladora Andina SA, Class A	2,425		12,961
Embotelladora Andina SA, Class B	1,067		7,174

			20,135
Food & Staples Retailing - 0.0%
Cia Brasileira de Distribuicao Grupo Pao
de Acucar	4		210

			20,345
Financials - 0.0%
Commercial Banks - 0.0%
Banco Daycoval SA	600		3,590
Itau Unibanco Holding SA	800		14,209
Banco do Estado do Rio Grande do Sul SA	1,000		8,566

			26,365
Diversified Financial Services - 0.0%
Banco ABC Brasil SA	1,844		14,902
Grupo de Inversiones Suramericana SA	500		10,732

			25,634

			51,999
Industrials - 0.0%
Aerospace & Defense - 0.0%
Forjas Taurus SA	554		825


Disciplined Diversification Trust (continued)
		Shares or
		Principal
		Amount		Value



PREFERRED SECURITIES (continued)
Commercial Services & Supplies - 0.0%
Contax Participacoes SA		400	$	5,166
Machinery - 0.0%
Marcopolo SA		2,500		17,753
Randon Participacoes SA		1,200		7,459

				25,212

				31,203
Materials - 0.1%
Containers & Packaging - 0.1%
Klabin SA		6,500		44,486
Metals & Mining - 0.0%
Gerdau SA		875		6,703
Cia Ferro Ligas da Bahia - Ferbasa		300		1,750
Usinas Siderurgicas de Minas Gerais SA		3,400		18,155

				26,608
Paper & Forest Products - 0.0%
Suzano Papel e Celulose SA		2,750		10,465
Eucatex SA Industria e Comercio		900		4,031

				14,496

				85,590
Telecommunication Services - 0.0%
Diversified Telecommunication Services - 0.0%
Telefonica Brasil SA		314		8,386
Oi SA		1,348		4,109

				12,495

				12,495
Utilities - 0.0%
Electric Utilities - 0.0%
Cia Energetica do Ceara		200		4,948
Companhia de Transmissao de Energia
Eletrica Paulista		200		3,317

				8,265
Independent Power Producers & Energy Traders - 0.0%
AES Tiete SA		800		7,760
Companhia Energetica de Sao Paulo		900		9,032

				16,792

				25,057

TOTAL PREFERRED SECURITIES (Cost $252,804)			$	309,401


U.S. GOVERNMENT & AGENCY
OBLIGATIONS - 28.0%
U.S. Government - 9.2%
U.S. Treasury Bonds
6.000%, 02/15/2026	$	750,000	$	1,068,516
6.750%, 08/15/2026		1,400,000		2,128,437
6.875%, 08/15/2025		525,000		796,441
7.250%, 08/15/2022		470,000		698,611
7.500%, 11/15/2024		675,000		1,059,328
8.125%, 05/15/2021		350,000		530,934
8.875%, 08/15/2017		1,409,000		1,911,396
9.250%, 02/15/2016		2,015,000		2,527,566
9.875%, 11/15/2015		370,000		462,066
10.625%, 08/15/2015		1,431,000		1,780,366
11.250%, 02/15/2015		466,000		561,694
U.S. Treasury Notes
2.250%, 07/31/2018		2,965,000		3,184,594
2.625%, 02/29/2016		1,750,000		1,864,980

118

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Disciplined Diversification Trust (continued)
		Shares or
		Principal
		Amount		Value



U.S. GOVERNMENT & AGENCY
OBLIGATIONS (continued)
U.S. Government (continued)
U.S. Treasury Notes (continued)
2.750%, 02/15/2019	$	1,200,000	$	1,323,656
3.625%, 02/15/2020		1,900,000		2,209,343

				22,107,928
U.S. Government Agency - 18.8%
Federal Farm Credit Bank
3.400%, 06/04/2018		1,000,000		1,118,971
3.650%, 12/21/2020		1,100,000		1,258,849
4.875%, 12/16/2015 to 01/17/2017		3,700,000		4,269,166
5.125%, 08/25/2016		2,200,000		2,542,441
5.220%, 05/15/2023		2,480,000		3,168,418
5.250%, 03/06/2023		1,135,000		1,433,947
Federal Home Loan Bank
3.375%, 06/12/2020		500,000		564,710
3.625%, 03/10/2017		800,000		889,116
4.125%, 03/13/2020		400,000		469,419
4.375%, 03/13/2026		900,000		1,086,224
4.500%, 09/13/2019		1,850,000		2,216,113
4.750%, 12/16/2016		2,650,000		3,058,985
4.875%, 05/17/2017		1,900,000		2,225,641
5.000%, 12/21/2015 to 11/17/2017		3,200,000		3,676,420
5.125%, 10/19/2016		1,750,000		2,030,263
5.250%, 12/09/2022		1,155,000		1,474,792
5.365%, 09/09/2024		800,000		1,036,330
5.375%, 05/18/2016 to 05/15/2019		2,450,000		2,899,940
5.625%, 06/11/2021		905,000		1,176,815
Tennessee Valley Authority
1.875%, 08/15/2022		990,000		978,632
3.875%, 02/15/2021		780,000		905,472
4.500%, 04/01/2018		1,300,000		1,524,244
5.500%, 07/18/2017		1,250,000		1,499,404
6.250%, 12/15/2017		2,986,000		3,721,849

				45,226,161

TOTAL U.S. GOVERNMENT & AGENCY
OBLIGATIONS (Cost $62,020,254)			$	67,334,089


WARRANTS - 0.0%
Seat Pagine Gialle SpA (Expiration
Date: 08/31/2014) (I)(N)		662		0

TOTAL WARRANTS (Cost $0)			$	0


RIGHTS - 0.0%
Li Ning Company, Ltd. (Expiration Date:
04/15/2013; Strike Price: HKD 3.5) (I)		2,500		345
Polimex-Mostostal SA (Strike Price:
PLN 0.52) (I)(N)		26		0
Severfield-Rowen PLC (Expiration Date:
04/04/2013; Strike Price: GBP 0.23) (I)		5,320		1,253
William Hill PLC (Expiration Date:
04/04/2013; Strike Price: GBP 2.45) (I)		1,475		2,779
Wright Medical Group, Inc. (Expiration
Date: 01/02/2024) (I)(N)		600		1,500

TOTAL RIGHTS (Cost $6,435)			$	5,877


SECURITIES LENDING COLLATERAL - 6.0%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		1,446,981	$	14,482,403

TOTAL SECURITIES LENDING
COLLATERAL (Cost $14,481,678)			$	14,482,403


Disciplined Diversification Trust (continued)
		Shares or
		Principal
		Amount		Value



SHORT-TERM INVESTMENTS - 0.1%
Money Market Funds - 0.1%
State Street Institutional Liquid Reserves
Fund, 0.1355% (Y)		194,923		194,923

TOTAL SHORT-TERM INVESTMENTS (Cost $194,923)			$	194,923

Total Investments (Disciplined Diversification Trust)
(Cost $199,264,253) - 105.5%			$	253,571,770
Other assets and liabilities, net - (5.5%)				(13,225,661)

TOTAL NET ASSETS - 100.0%			$	240,346,109





Emerging Markets Value Trust
		Shares or
		Principal
		Amount		Value



COMMON STOCKS - 97.9%
Brazil - 7.7%
Banco Alfa de Investimento SA		35,100	$	111,688
Banco Santander Brasil SA, ADR	1,309,081			9,503,928
Bematech SA		98,850		427,539
BrasilAgro - Companhia Brasileira de
Propriedades Agricolas (I)		12,800		63,279
Braskem SA, ADR (L)		10,155		137,499
Brookfield Incorporacoes SA		606,694		747,578
Cia Providencia Industria e Comercio SA		52,100		224,308
CR2 Empreendimentos Imobiliarios SA		9,300		19,329
Even Construtora e Incorporadora SA		261,400		1,250,891
Fertilizantes Heringer SA (I)		15,250		89,806
Fibria Celulose SA (I)		94,998		1,136,262
Fibria Celulose SA, ADR (I)(L)		311,742		3,762,717
Forjas Taurus SA		7,434		11,110
Gafisa SA (I)		393,561		782,935
Gafisa SA, ADR (I)(L)		151,219		591,266
Gerdau SA		169,029		1,169,380
Gerdau SA, ADR (L)		934,098		7,201,896
Grendene SA		44,199		468,510
Hypermarcas SA (I)		94,917		752,009
Industrias Romi SA (I)		111,700		301,810
Inepar SA Industria e Construcoes (I)		4,400		3,244
JBS SA (I)	1,268,123			4,261,069
Log-in Logistica Intermodal SA (I)		122,600		561,203
Magnesita Refratarios SA		353,056		1,254,456
Marfrig Alimentos SA (I)		96,713		393,409
Metalfrio Solutions SA (I)		4,500		8,351
Minerva SA		5,175		33,548
Paranapanema SA (I)		511,050		1,401,072
PDG Realty SA Empreendimentos
e Participacoes	1,292,389			2,014,611
Petroleo Brasileiro SA		302,667		2,516,296
Petroleo Brasileiro SA, ADR		935,108		15,494,740
Petroleo Brasileiro SA, ADR, Class A (L)	1,293,396			23,475,137
Plascar Participacoes Industriais SA		4,800		1,021
Positivo Informatica SA (I)		102,700		208,881
Profarma Distribuidora de
Produtos Farmaceuticos SA		20,000		219,819
Rodobens Negocios Imobiliarios SA		63,500		465,703
Rossi Residencial SA		319,326		483,552
Sao Carlos Empreendimentos
e Participacoes SA		9,905		227,976
Sao Martinho SA		48,192		677,299
SLC Agricola SA		48,204		440,831
Springs Global Participacoes SA (I)		185,253		308,946

119

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Brazil (continued)
Tecnisa SA	48,022	$	197,720
Tereos Internacional SA	56,400		86,243
TPI - Triunfo Participacoes e Investimentos SA	31,510		190,081
Trisul SA (I)	56,446		127,096
Usinas Siderurgicas de Minas Gerais SA (I)	319,300		1,772,879
Vanguarda Agro SA (I)	1,534,075		326,439
Viver Incorporadora e Construtora SA (I)	634,575		244,943

			86,150,305
Chile - 2.2%
Cementos BIO BIO SA (I)	50,384		70,527
Cia General de Electricidad SA	58,481		368,374
Cia Sud Americana de Vapores SA (I)	2,193,921		222,184
Cristalerias de Chile SA	66,213		702,153
Empresas CMPC SA	1,737,226		6,329,914
Empresas COPEC SA	108,030		1,569,242
Empresas Hites SA	46,731		55,502
Empresas Iansa SA	1,776,092		133,273
Enersis SA, ADR	559,081		10,756,718
Gasco SA	130,347		1,340,791
Inversiones Aguas Metropolitanas SA	215,464		454,691
Madeco SA	10,353,871		428,209
Masisa SA	4,707,749		474,270
PAZ Corp., SA	82,431		58,742
Ripley Corp. SA	467,459		535,372
Salfacorp SA	49,972		109,716
Sociedad Matriz SAAM SA (I)	1,470,144		168,373
Socovesa SA	315,706		157,351
Vina Concha y Toro SA	80,030		159,721
Vina San Pedro Tarapaca SA	19,029,176		131,166

			24,226,289
China - 9.9%
Agile Property Holdings, Ltd.	760,000		907,816
Agricultural Bank of China, Ltd., H Shares	11,169,000		5,357,414
Aluminum Corp. of China, Ltd.,
H Shares (I)(L)	628,000		244,635
Angang Steel Company, Ltd., H Shares (I)(L)	1,318,000		724,846
Anhui Tianda Oil Pipe Company, Ltd.,
H Shares	135,000		24,418
Asia Cement China Holdings Corp.	265,500		133,594
AVIC International Holdings, Ltd. (I)	152,000		54,332
Bank of China, Ltd., H Shares	64,081,694		29,829,492
Bank of Communications Company, Ltd.,
H Shares	7,526,876		5,669,307
Baoye Group Company, Ltd., H Shares	376,000		267,169
Beijing Capital International Airport
Company, Ltd., H Shares	2,308,000		1,668,868
Beijing Capital Land, Ltd., H Shares	1,272,000		471,043
Beijing Jingkelong Company, Ltd., H Shares	38,000		14,932
Beijing North Star Company, H Shares	866,000		204,357
Besunyen Holdings Company, Ltd. (I)	321,000		13,027
Boer Power Holdings Ltd.	29,000		16,861
BYD Electronic International Company, Ltd.	947,500		289,835
Central China Real Estate, Ltd.	531,732		170,693
Changshouhua Food Company, Ltd.	91,000		51,832
China Aoyuan Property Group, Ltd.	1,387,000		299,219
China Automation Group, Ltd.	388,000		87,508
China Citic Bank Corp., Ltd., H Shares	6,750,775		4,065,006
China Coal Energy Company, Ltd., H Shares	3,748,000		3,360,964
China Communications Construction
Company, Ltd., H Shares	4,413,555		4,122,840
China Communications Services Corp., Ltd.,
H Shares	1,447,200		937,081


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
China (continued)
China Construction Bank Corp., H Shares	500,000	$	409,513
China Dongxiang Group Company	2,254,000		348,727
China Huiyuan Juice Group, Ltd. (I)	1,032,500		518,096
China ITS Holdings Company, Ltd. (I)	528,000		88,819
China Minsheng Banking Corp., Ltd.,
H Shares	502,500		644,372
China Molybdenum Company, Ltd., H Shares	346,000		151,831
China National Materials Company, Ltd.,
H Shares	832,000		222,550
China Nickel Resources
Holding Company, Ltd.	518,000		32,815
China Petroleum & Chemical Corp., ADR	146,867		17,171,690
China Petroleum & Chemical Corp., H Shares	4,167,439		4,882,654
China Qinfa Group, Ltd.	424,000		50,384
China Railway Construction Corp.,
H Shares (L)	1,993,165		1,897,299
China Rare Earth Holdings, Ltd.	1,000,000		178,017
China Rongsheng Heavy Industry
Group Company, Ltd. (L)	1,175,000		193,473
China Sandi Holdings, Ltd. (I)	331,800		25,219
China SCE Property Holdings, Ltd.	71,000		17,253
China Shipping Container Lines
Company, Ltd., H Shares (I)(L)	4,448,150		1,208,170
China Shipping Development Company, Ltd.,
H Shares	920,000		446,119
China Southern Airlines Company, Ltd.,
H Shares	1,138,000		652,594
China Tontine Wines Group, Ltd.	248,000		15,835
China Yurun Food Group, Ltd. (I)(L)	905,000		623,916
China Zhongwang Holdings, Ltd. (I)	876,000		296,506
Chongqing Iron & Steel Company, Ltd.,
H Shares (I)	382,000		59,693
Chongqing Machinery & Electric
Company, Ltd., H Shares	486,000		69,672
Chu Kong Petroleum & Natural Gas Steel
Pipe Holdings, Ltd.	164,000		80,556
Comtec Solar Systems Group, Ltd. (I)	314,000		51,835
Dalian Port PDA Company, Ltd., H Shares	586,000		136,154
Evergreen International Holdings, Ltd.	122,000		23,947
Fantasia Holdings Group Company, Ltd.	763,500		115,476
Fosun International, Ltd.	2,296,500		1,546,792
Great Wall Technology Company, Ltd.,
H Shares	324,942		60,476
Greentown China Holdings, Ltd. (I)	434,000		815,926
Guangshen Railway Company, Ltd., ADR (L)	35,688		862,222
Guangzhou Automobile Group Company, Ltd.,
H Shares	1,948,415		1,664,312
Guangzhou R&F Properties Company, Ltd.,
H Shares	66,000		111,221
Hainan Meilan International Airport
Company, Ltd., H Shares	201,000		183,950
Harbin Electric Company, Ltd., H Shares	888,000		725,474
Hidili Industry
International Development, Ltd. (L)	1,278,000		281,888
Honghua Group, Ltd.	421,000		196,245
International Taifeng Holdings, Ltd. (I)	204,000		57,029
Kaisa Group Holdings, Ltd. (I)(L)	1,211,000		343,253
Leoch International Technology Ltd.	102,000		13,577
Li Ning Company, Ltd. (I)	24,000		14,160
Lingbao Gold Company, Ltd., H Shares	140,000		52,841
Lonking Holdings, Ltd. (L)	839,000		192,774
Maanshan Iron & Steel Company, Ltd.,
H Shares (I)(L)	1,866,000		487,699

120

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
China (continued)
Maoye International Holdings, Ltd.	214,000	$	51,097
Metallurgical Corp. of China, Ltd.,
H Shares (I)(L)	1,936,000		375,046
Minth Group, Ltd.	158,000		232,797
O-Net Communications Group, Ltd.	244,000		56,054
PCD Stores Group, Ltd.	2,108,000		317,863
Peak Sport Products Company, Ltd.	570,000		93,387
Powerlong Real Estate Holdings, Ltd.	627,000		146,048
Qunxing Paper Holdings Company, Ltd.	634,371		168,674
Renhe Commercial
Holdings Company, Ltd. (I)(L)	4,204,000		252,758
Semiconductor Manufacturing
International Corp., ADR (I)	140,377		409,901
Semiconductor
Manufacturing International Corp. (I)	15,570,000		935,566
Shandong Chenming Paper Holdings, Ltd.,
H Shares	335,500		121,173
Shanghai Jin Jiang International Hotels Group
Company, Ltd., H Shares	848,000		147,542
Shanghai Prime Machinery Company, Ltd.,
H Shares	962,000		127,727
Shengli Oil & Gas Pipe Holdings, Ltd.	268,500		28,363
Shui On Land, Ltd. (L)	3,137,221		1,350,294
Sijia Group Company	93,000		16,413
Sino Dragon New Energy Holdings, Ltd. (I)	488,000		8,869
Sino-Ocean Land Holdings, Ltd.	4,208,635		2,558,544
Sinotrans, Ltd., H Shares	2,019,000		422,201
Sinotruk Hong Kong, Ltd.	836,500		452,128
SOHO China, Ltd. (L)	2,544,000		2,121,306
SPG Land Holdings, Ltd. (I)	353,625		127,020
Tiangong International Company, Ltd.	478,000		140,310
Travelsky Technology, Ltd., H Shares	1,285,500		846,666
Weiqiao Textile Company, H Shares	603,000		336,674
West China Cement, Ltd.	76,000		12,570
Xiamen International Port Company, Ltd.,
H Shares	1,372,000		185,690
Xingda International Holdings, Ltd.	607,000		201,487
Xinhua Winshare Publishing and Media
Company, Ltd., H Shares	641,000		355,307
Xinjiang Goldwind Science & Technology
Company, Ltd., H Shares	158,000		94,991
Xinjiang Xinxin Mining Industry
Company, Ltd., H Shares	903,000		187,417
Xiwang Sugar Holdings Company, Ltd.	665,717		66,967
Yantai North Andre Juice Company, H Shares	15,000		5,898
Yuzhou Properties Company	158,400		38,584
Zhejiang Glass Company, Ltd., H Shares (I)	162,000		0
Zhong An Real Estate, Ltd. (I)	801,600		128,374

			110,331,819
Colombia - 0.1%
Grupo de Inversiones Suramericana SA	34,690		740,705
Grupo Nutresa SA	1,200		17,088

			757,793
Czech Republic - 0.4%
Komercni Banka AS	8,937		1,705,961
Pegas Nonwovens SA	22,565		570,060
Telefonica Czech Republic AS	551		8,302
Unipetrol AS (I)	214,695		1,825,247

			4,109,570
Hong Kong - 4.5%
361 Degrees International, Ltd. (L)	523,000		152,531


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Hong Kong (continued)
AMVIG Holdings, Ltd.	494,000	$	183,491
Asian Citrus Holdings, Ltd.	324,000		167,070
AVIC International Holding
Hong Kong, Ltd. (I)	1,840,152		72,409
Beijing Development Hong Kong, Ltd. (I)	84,000		20,020
C C Land Holdings, Ltd.	822,084		252,800
Carnival Group International Holdings, Ltd. (I)	134,000		7,590
Chaoda Modern Agriculture Holdings, Ltd. (I)	3,056,474		168,111
Chigo Holding, Ltd. (I)	2,796,000		70,284
China Aerospace International Holdings, Ltd.	1,971,200		193,118
China Agri-Industries Holdings, Ltd.	1,769,300		912,105
China All Access Holdings, Ltd.	48,000		15,780
China Chengtong Development Group, Ltd. (I)	526,000		17,702
China Energine International Holdings, Ltd. (I)	857,853		39,900
China Everbright, Ltd.	998,000		1,591,377
China Glass Holdings, Ltd.	238,000		32,938
China Green Holdings, Ltd. (I)	422,627		72,963
China Haidian Holdings, Ltd.	1,124,000		117,551
China High Precision Automation Group, Ltd.	18,000		2,875
China High Speed Transmission Equipment
Group Company, Ltd. (I)	938,000		442,768
China Lumena New Materials Corp. (L)	2,036,000		436,004
China New Town
Development Company, Ltd. (I)	1,505,165		116,447
China Ocean Resources Company, Ltd. (I)(L)	8,670		29,411
China Properties Group, Ltd. (I)	724,000		214,575
China South City Holdings, Ltd.	956,000		160,428
China Starch Holdings, Ltd.	1,415,000		40,481
China Tianyi Holdings, Ltd.	128,000		16,891
China Travel International Investment
Hong Kong, Ltd.	4,134,000		805,184
China Unicom Hong Kong, Ltd.	4,504,000		6,024,892
China Unicom Hong Kong, Ltd., ADR (L)	214,448		2,890,759
China Vanadium Titano - Magnetite
Mining Company, Ltd.	411,000		94,811
CIMC Enric Holdings, Ltd.	24,000		25,905
CITIC Pacific, Ltd. (L)	1,524,000		1,989,994
CITIC Resources Holdings, Ltd. (I)	3,528,000		475,004
Coastal Greenland, Ltd. (I)	520,000		31,610
Comba Telecom Systems Holdings, Ltd. (L)	244,000		82,914
Cosco International Holdings, Ltd.	925,625		395,232
COSCO Pacific, Ltd.	1,575,220		2,287,076
CSPC Pharmaceutical Group, Ltd. (I)	1,074,000		457,996
DaChan Food Asia, Ltd.	612,000		88,313
Dawnrays Pharmaceutical Holdings, Ltd.	44,000		11,800
Dynasty Fine Wines Group, Ltd. (I)	330,000		62,432
Franshion Properties China, Ltd.	3,012,000		978,639
Fufeng Group, Ltd.	291,000		103,862
Global Bio-Chem Technology
Group Company, Ltd.	2,520,000		217,981
Global Sweeteners Holdings, Ltd. (I)	148,000		11,057
Glorious Property Holdings, Ltd. (I)	2,284,000		362,605
Golden Meditech Holdings, Ltd.	837,684		102,701
Goldlion Holdings, Ltd.	261,000		136,428
GOME Electrical
Appliances Holdings, Ltd. (I)(L)	8,845,000		969,360
Heng Tai Consumables Group, Ltd. (I)	3,363,862		71,952
HKC Holdings, Ltd.	4,298,149		149,992
Hopson Development Holdings, Ltd. (I)(L)	850,000		1,230,477
Huscoke Resources Holdings, Ltd. (I)	2,258,000		33,135
Hutchison Harbour Ring, Ltd.	536,000		44,923
Inspur International, Ltd.	2,440,000		94,333
Ju Teng International Holdings, Ltd.	778,000		489,530

121

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Hong Kong (continued)
Kai Yuan Holdings, Ltd. (I)	2,980,000	$	79,010
Kingboard Chemical Holdings, Ltd.	630,525		1,805,789
Kingboard Laminates Holdings, Ltd.	244,500		107,826
Kingway Brewery Holdings, Ltd.	460,000		182,190
KWG Property Holding, Ltd.	1,117,013		701,225
Lai Fung Holdings, Ltd.	8,970,000		240,792
Le Saunda Holdings	22,000		6,901
Lee & Man Paper Manufacturing, Ltd.	286,000		223,440
Lijun International
Pharmaceutical Holding, Ltd.	210,000		64,121
Loudong General Nice Resources
China Holdings, Ltd. (I)	590,400		39,673
MIN XIN Holdings, Ltd.	116,000		64,901
Mingyuan Medicare
Development Company, Ltd. (I)	1,300,000		25,639
Minmetals Land, Ltd.	798,000		114,352
Nan Hai Corp., Ltd. (I)	27,150,000		122,541
New World China Land, Ltd.	2,335,200		992,995
New World Department Store China, Ltd.	51,000		29,595
Nine Dragons Paper Holdings, Ltd.	872,000		819,416
PetroAsian Energy Holdings, Ltd. (I)	600,000		13,298
Poly Property Group Company, Ltd. (I)	1,500,453		958,331
Pou Sheng International Holdings, Ltd. (I)	503,000		30,852
Prosperity International Holdings HK, Ltd. (I)	1,320,000		51,960
Qingling Motors Company, Ltd., H Shares	1,054,000		284,897
Real Nutriceutical Group, Ltd.	529,000		130,509
Regent Manner International Holdings, Ltd.	360,000		71,000
REXLot Holdings, Ltd.	4,434,921		389,315
Royale Furniture Holdings, Ltd	207,750		18,255
Samson Holding, Ltd.	361,548		68,969
Shanghai Industrial Holdings, Ltd.	620,000		1,945,509
Shanghai Industrial Urban
Development Group, Ltd. (I)	775,000		152,648
Shanghai Zendai Property, Ltd. (I)	2,530,000		48,678
Shenzhen International Holdings, Ltd.	10,320,000		1,228,117
Shenzhen Investment, Ltd.	2,574,142		1,033,962
Shimao Property Holdings, Ltd.	1,805,000		3,487,782
Shougang Concord International
Enterprises Company, Ltd. (I)	4,306,000		239,214
Shougang Fushan Resources Group, Ltd.	2,306,000		1,025,790
Silver Grant International, Ltd.	1,072,000		180,003
SIM Technology Group, Ltd. (I)	975,000		37,081
Sino Oil And Gas Holdings, Ltd. (I)	3,850,000		71,481
Sino Prosper State Gold
Resources Holdings, Ltd. (I)	365,000		9,781
Sinofert Holdings, Ltd.	2,924,000		737,267
Sinolink Worldwide Holdings, Ltd. (I)	2,292,000		189,371
Sinotrans Shipping, Ltd.	842,000		225,236
Skyworth Digital Holdings, Ltd. (L)	1,659,845		1,126,452
SMI Corp., Ltd. (I)	1,280,000		29,089
Solargiga Energy Holdings, Ltd. (I)	354,000		18,715
SRE Group, Ltd. (I)	3,206,857		124,320
Tak Sing Alliance Holdings, Ltd.	182,675		27,307
TCC International Holdings, Ltd.	696,000		187,021
TCL Communication
Technology Holdings, Ltd.	285,000		84,716
TCL Multimedia Technology Holdings, Ltd.	671,200		523,979
Texhong Textile Group, Ltd. (I)	20,000		19,022
Tian An China Investment, Ltd.	741,000		485,489
Tianjin Port Development Holdings, Ltd.	744,000		110,654
Tomson Group, Ltd.	386,807		105,403
TPV Technology, Ltd.	583,684		165,280
Truly International Holdings, Ltd.	705,000		365,949


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Hong Kong (continued)
VODone, Ltd.	1,977,400	$	145,500
Wasion Group Holdings, Ltd.	318,000		182,317
Welling Holding, Ltd.	36,000		7,927
Yanchang Petroleum International, Ltd. (I)	2,560,000		171,626
Yip’s Chemical Holdings, Ltd.	16,000		17,173
Yuexiu Property Company, Ltd.	7,105,250		2,054,722

			50,470,890
Hungary - 0.5%
Danubius Hotel and Spa PLC (I)	6,805		91,086
EGIS Pharmaceuticals PLC	3,776		286,210
Fotex Holding SE (I)	8,707		6,250
OTP Bank PLC	282,692		5,099,840

			5,483,386
India - 7.0%
Aarti Industries, Ltd.	51,087		75,472
Aban Offshore, Ltd.	15,263		73,745
ABG Shipyard, Ltd. (I)	8,406		49,498
Adani Enterprises, Ltd.	130,677		488,934
Aditya Birla Nuvo, Ltd.	55,261		993,293
Alembic Pharmaceuticals, Ltd.	33,243		63,366
Alembic, Ltd. (I)	43,665		12,630
Allahabad Bank	186,565		437,105
Alok Industries, Ltd.	568,576		87,504
Amtek Auto, Ltd.	146,074		172,231
Amtek India, Ltd.	10,552		13,867
Anant Raj , Ltd.	54,720		63,239
Andhra Bank	198,888		352,309
Ansal Properties & Infrastructure, Ltd. (I)	30,966		12,614
Apollo Tyres, Ltd.	226,563		348,474
Arvind, Ltd.	109,711		156,069
Ashok Leyland, Ltd.	1,096,572		444,795
Atul Ltd.	584		3,313
Aurobindo Pharma, Ltd.	89,300		240,031
Bajaj Finance, Ltd.	14,961		323,382
Bajaj Hindusthan, Ltd.	344,964		119,836
Bajaj Holdings and Investment, Ltd.	49,562		831,281
Ballarpur Industries, Ltd.	403,880		127,662
Balmer Lawrie & Company, Ltd.	5,100		56,835
Balrampur Chini Mills, Ltd. (I)	206,266		166,326
Bank of Baroda	88,490		1,103,434
Bank of India	114,231		640,147
Bank of Maharashtra	152,501		146,488
BEML, Ltd.	14,453		39,776
Bhushan Steel, Ltd.	43,136		363,546
Bhushan Steel, Ltd. (I)	2,875		12,986
Birla Corp., Ltd.	41,435		186,326
Bombay Burmah Trading Company	15,000		31,043
Bombay Dyeing &
Manufacturing Company, Ltd.	25,940		43,052
Bombay Rayon Fashions, Ltd. (I)	7,468		34,258
Brigade Enterprises, Ltd.	1,477		1,548
Cairn India, Ltd.	631,653		3,186,634
Canara Bank	98,171		691,443
Capital First, Ltd.	4,573		13,698
Central Bank of India	54,446		66,823
Century Textiles & Industries, Ltd.	34,929		185,537
Chambal Fertilizers & Chemicals, Ltd.	39,136		36,134
City Union Bank, Ltd.	162,675		157,406
City Union Bank, Ltd. (I)	40,668		30,326
Claris Lifesciences Ltd.	4,155		17,221
Core Education & Technologies, Ltd.	2,140		2,017
Corporation Bank	11,690		82,769

122

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
India (continued)
Cox & Kings Ltd.	15,845	$	37,399
Dalmia Bharat Enterprises, Ltd.	12,925		35,124
DB Realty, Ltd. (I)	35,138		38,685
DCM Shriram Consolidated	39,804		38,840
Deepak Fertilizers
& Petrochemicals Corp., Ltd.	28,839		53,132
Dena Bank	27,208		44,887
Development Credit Bank, Ltd. (I)	121,079		97,509
DLF, Ltd.	430,090		1,879,860
Dredging Corp. of India, Ltd. (I)	1,365		4,988
Edelweiss Financial Services, Ltd.	304,550		173,034
Educomp Solutions, Ltd.	42,399		48,535
EID Parry India, Ltd.	80,296		222,075
EIH, Ltd.	14,338		14,687
Elder Pharmaceuticals, Ltd.	7,799		40,712
Electrosteel Castings, Ltd.	89,970		25,712
Era Infra Engineering, Ltd.	36,627		90,627
Escorts, Ltd.	44,637		40,828
Ess Dee Aluminium Ltd.	1,077		6,268
Essar Oil, Ltd. (I)	184,984		264,269
Essar Ports, Ltd.	16,178		26,234
Essel Propack, Ltd.	37,352		21,575
Federal Bank, Ltd.	163,534		1,448,651
Finolex Cables, Ltd.	54,200		45,825
Finolex Industries, Ltd.	46,584		81,630
Fortis Healthcare, Ltd. (I)	76,664		142,106
Gammon India, Ltd.	85,633		36,320
Gateway Distriparks, Ltd.	10,919		24,896
Geodesic, Ltd.	94,402		16,477
Gitanjali Gems, Ltd.	56,665		614,641
Graphite India, Ltd.	75,117		109,808
Grasim Industries, Ltd.	28,107		1,528,138
GTL Infrastructure, Ltd. (I)	100,276		4,893
Gujarat Alkalies & Chemicals, Ltd.	24,028		95,308
Gujarat Fluorochemicals, Ltd.	3,024		16,688
Gujarat Narmada Valley
Fertilizers Company, Ltd.	66,143		91,336
Gujarat NRE Coke, Ltd.	166,598		51,075
Gujarat State Fertilisers & Chemicals, Ltd.	105,690		114,004
Gujarat State Petronet, Ltd.	85,023		104,544
HBL Power Systems, Ltd.	5,099		890
HCL Infosystems, Ltd.	126,394		87,389
HEG, Ltd.	12,877		40,317
HeidelbergCement India, Ltd. (I)	4,823		3,291
Hexa Tradex, Ltd. (I)	32,971		16,349
Hexaware Technologies, Ltd.	12,380		19,203
Hindalco Industries, Ltd.	1,340,282		2,261,522
Hinduja Ventures, Ltd.	5,620		41,213
Hindustan Construction Company, Ltd. (I)	223,609		56,092
Hotel Leela Venture, Ltd. (I)	112,448		41,750
Housing Development
& Infrastructure, Ltd. (I)	220,761		189,561
HSIL, Ltd.	5,997		10,069
ICICI Bank, Ltd.	167,495		3,247,000
IDBI Bank, Ltd.	267,194		397,230
IDFC, Ltd.	119,156		315,789
IFCI, Ltd.	181,420		87,259
India Cements, Ltd.	258,302		396,347
India Infoline, Ltd.	213,160		242,587
Indiabulls Housing Finance, Ltd. (I)	240,661		1,203,526
Indiabulls Infrastructure and Power, Ltd. (I)	930,247		79,006
Indiabulls Real Estate, Ltd. (I)	315,338		318,375
Indian Bank	70,234		231,777


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
India (continued)
Indian Hotels Company, Ltd.	200,274	$	197,216
Indian Overseas Bank	234,477		281,231
ING Vysya Bank, Ltd.	16,192		166,558
Ingersoll-Rand India, Ltd.	14,510		103,216
IVRCL, Ltd. (I)	311,424		112,163
Jai Corp., Ltd.	22,618		21,053
Jaiprakash Associates, Ltd.	796,755		970,135
Jammu & Kashmir Bank, Ltd.	41,976		918,499
Jaypee Infratech, Ltd.	28,073		20,351
JB Chemicals & Pharmaceuticals, Ltd.	20,800		28,380
JBF Industries, Ltd.	33,505		60,596
Jindal Poly Films, Ltd.	1,258		3,401
Jindal Saw, Ltd.	164,858		252,556
Jindal Stainless, Ltd. (I)	44,529		39,918
JK Cement, Ltd.	5,431		26,785
JK Lakshmi Cement, Ltd.	7,421		13,341
JM Financial, Ltd.	124,021		36,864
JSW Energy, Ltd.	408,574		412,108
JSW Steel, Ltd.	122,212		1,485,717
Jubilant Life Sciences, Ltd.	53,395		170,023
Kalpataru Power Transmission, Ltd.	20,383		31,244
Karnataka Bank, Ltd.	180,381		437,960
Karur Vysya Bank, Ltd.	30,968		256,710
Kesoram Industries, Ltd.	26,673		41,633
Kingfisher Airlines, Ltd. (I)	150,938		22,291
Lakshmi Vilas Bank, Ltd.	30,751		45,868
Madras Cements, Ltd.	36,000		170,759
Mahanagar Telephone Nigam, Ltd. (I)	186,850		63,432
Maharashtra Seamless, Ltd.	38,253		158,612
Mahindra Lifespace Developers, Ltd.	10,600		74,080
Manaksia, Ltd. (I)	3,292		2,649
McLeod Russel India, Ltd.	48,101		312,325
Mercator, Ltd. (I)	150,335		36,424
MindTree, Ltd.	362		6,052
MOIL, Ltd.	3,305		13,655
Monnet Ispat & Energy, Ltd.	29,947		100,772
Mphasis, Ltd.	2,277		16,305
MRF, Ltd.	920		203,001
Nagarjuna Fertilizers & Chemicals, Ltd. (I)	138,250		26,940
Nagarjuna Oil Refinery, Ltd. (I)	125,682		7,057
National Aluminium Company, Ltd.	108,688		66,657
Nava Bharat Ventures, Ltd.	1,614		4,910
NCC, Ltd.	263,914		159,389
NIIT Technologies, Ltd.	22,936		119,840
NIIT, Ltd.	19,897		7,655
Noida Toll Bridge Company, Ltd.	62,165		23,017
OMAXE, Ltd. (I)	49,670		136,433
Orbit Corp., Ltd. (I)	43,904		20,823
Orchid Chemicals & Pharmaceuticals, Ltd.	37,760		43,418
Orient Cement Ltd. (I)	58,165		61,643
Orient Paper & Industries, Ltd.	58,165		6,902
Oriental Bank of Commerce	101,465		468,679
Oswal Chemicals & Fertilizers (I)	1,896		692
Panacea Biotec, Ltd. (I)	12,287		28,345
Parsvnath Developers, Ltd. (I)	76,316		55,864
Peninsula Land, Ltd.	23,190		15,683
Persistent Systems, Ltd.	2,387		23,854
Piramal Enterprises, Ltd.	46,384		519,684
Plethico Pharmaceuticals, Ltd. (I)	7,219		21,714
Polaris Financial Technology, Ltd.	26,963		55,306
Polyplex Corp., Ltd.	3,400		10,103
Prime Focus Ltd. (I)	46,896		36,102
Prozone Capital Shopping Centres, Ltd. (I)	43,382		18,834

123

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
India (continued)
PTC India Financial Services, Ltd. (I)	29,410	$	7,653
PTC India, Ltd.	233,522		256,159
Punj Lloyd, Ltd.	165,098		167,755
Punjab & Sind Bank	5,337		5,777
Raymond, Ltd.	30,886		164,015
REI Agro, Ltd.	214,503		40,492
REI Six Ten Retail, Ltd. (I)	7,680		343
Reliance Capital, Ltd.	94,899		548,115
Reliance Communications, Ltd.	685,263		698,532
Reliance Industries, Ltd.	666,535		9,562,572
Reliance Industries, Ltd., GDR (S)	349,881		9,978,880
Reliance Power, Ltd. (I)	588,041		670,703
Rolta India, Ltd.	133,332		162,146
Ruchi Soya Industries, Ltd.	125,412		143,104
Rural Electrification Corp., Ltd.	140,240		545,224
Sesa Goa, Ltd.	315,155		905,485
Shipping Corp. of India, Ltd. (I)	104,070		77,788
Shiv-Vani Oil & Gas
Exploration Services, Ltd.	6,058		4,399
Shree Renuka Sugars, Ltd. (I)	220,608		90,960
Sintex Industries, Ltd.	97,140		82,606
Sobha Developers, Ltd.	40,327		256,882
South Indian Bank, Ltd.	1,171,770		533,785
SREI Infrastructure Finance, Ltd.	247,892		121,340
SRF, Ltd.	24,910		78,395
State Bank of Bikaner & Jaipur	899		6,846
State Bank of India	78,651		3,013,897
State Bank of India, GDR	435		36,316
Steel Authority of India, Ltd.	521,441		596,924
Sterling Biotech, Ltd. (I)	34,756		2,721
Sterlite Industries India, Ltd., ADR (L)	377,373		2,634,064
Sterlite Technologies, Ltd.	72,209		31,352
Strides Arcolab, Ltd.	7,164		115,549
Sundaram Finance, Ltd.	1,300		11,465
Suzlon Energy, Ltd. (I)	761,267		189,885
Syndicate Bank	206,951		421,229
Tata Chemicals, Ltd.	96,921		574,389
Tata Communications, Ltd.	50,645		215,810
Tata Communications, Ltd., ADR	11,658		95,829
Tata Global Beverages, Ltd.	467,750		1,099,534
Tata Investment Corp., Ltd.	6,673		53,172
Tata Steel, Ltd.	344,558		1,985,276
Tata Steel, Ltd., GDR	743		4,272
The Great Eastern Shipping Company, Ltd.	84,512		358,278
Time Technoplast, Ltd.	4,194		3,498
Trent, Ltd.	46		846
Tube Investments of India, Ltd.	369		1,132
Tulip Telecom, Ltd. (I)	28,364		4,479
TV18 Broadcast, Ltd. (I)	56,338		29,047
UCO Bank	85,194		88,346
Uflex, Ltd.	10,885		14,627
Union Bank of India, Ltd.	169,587		684,421
Unitech, Ltd. (I)	1,276,814		558,745
United Phosphorus, Ltd.	178,021		388,792
Usha Martin, Ltd. (I)	154,885		62,775
Uttam Galva Steels, Ltd. (I)	13,863		19,476
Vardhman Special Steels, Ltd. (I)	1,620		757
Vardhman Textiles, Ltd.	8,101		39,336
Videocon Industries, Ltd.	105,664		396,640
Vijaya Bank	83,311		72,469
Welspun Corp, Ltd.	55,523		51,708
Zuari Agro Chemicals, Ltd. (I)	9,200		24,117


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
India (continued)
Zuari Global, Ltd.	9,200	$	12,105

			78,060,946
Indonesia - 3.4%
Adaro Energy Tbk PT	5,765,000		778,843
Adhi Karya Persero Tbk PT	449,500		143,439
Agis Tbk PT (I)	1,846,000		86,586
Alam Sutera Realty Tbk PT	1,910,500		210,891
Aneka Tambang Persero Tbk PT	5,527,500		781,530
Asahimas Flat Glass Tbk PT	65,500		59,485
Astra Graphia Tbk PT	389,500		74,612
Bakrie & Brothers Tbk PT (I)	121,836,489		626,892
Bakrie Sumatera Plantations Tbk PT	17,546,000		178,928
Bakrie Telecom Tbk PT (I)	24,850,000		127,939
Bakrieland Development Tbk PT (I)	41,455,500		239,539
Bank Bukopin Tbk PT	4,493,500		416,524
Bank Danamon Indonesia Tbk PT	4,507,294		2,996,083
Bank Mandiri Persero Tbk PT	3,829,320		3,944,209
Bank Negara Indonesia Persero Tbk PT	11,492,881		5,980,940
Bank Pan Indonesia Tbk PT (I)	4,924,397		411,111
Bank Pembangunan Daerah Jawa Barat Dan
Banten Tbk PT	2,121,500		282,066
Bank Tabungan Negara Persero Tbk PT	3,842,861		673,488
Barito Pacific Tbk PT (I)	1,893,500		84,803
Benakat Petroleum Energy Tbk PT (I)	3,184,000		58,976
Berau Coal Energy Tbk PT	2,215,500		54,842
Berlian Laju Tanker Tbk PT (I)	16,708,166		0
Bhakti Investama Tbk PT	17,730,000		913,316
Bisi International PT	1,105,000		98,118
Borneo Lumbung Energi & Metal Tbk PT (I)	239,000		11,564
Budi Acid Jaya Tbk PT (I)	1,493,000		17,838
Bumi Serpong Damai PT	475,500		85,768
Central Proteinaprima Tbk PT (I)	16,930,000		67,946
Ciputra Development Tbk PT	16,900,000		1,880,286
Ciputra Property Tbk PT	213,500		21,130
Ciputra Surya Tbk PT	896,000		258,919
Clipan Finance Indonesia Tbk PT	1,045,000		48,409
Darma Henwa Tbk PT (I)	21,675,000		111,526
Davomas Abadi Tbk PT (I)	2,465,000		12,683
Delta Dunia Makmur Tbk PT (I)	628,500		13,649
Elnusa Tbk PT (I)	2,000,000		39,156
Energi Mega Persada Tbk PT (I)	39,318,681		405,526
Exploitasi Energi Indonesia Tbk PT (I)	1,955,500		80,721
Gajah Tunggal Tbk PT	2,052,500		528,827
Garuda Indonesia Persero Tbk PT (I)	1,084,000		72,548
Global Mediacom Tbk PT	1,172,000		281,233
Gozco Plantations Tbk PT	3,863,400		65,600
Holcim Indonesia Tbk PT	1,381,268		511,978
Indah Kiat Pulp & Paper Corp. Tbk PT (I)	2,168,500		197,021
Indika Energy Tbk PT	1,851,000		232,584
Indofood Sukses Makmur Tbk PT	4,579,000		3,507,414
Intiland Development Tbk PT	3,722,500		222,068
Japfa Comfeed Indonesia Tbk PT	156,054		152,365
Kawasan Industri Jababeka Tbk PT (I)	14,566,000		450,676
Lippo Karawaci Tbk PT	19,265,793		2,715,995
Matahari Putra Prima Tbk PT	2,803,500		523,695
Medco Energi Internasional Tbk PT	2,465,000		411,141
Mitra International Resources Tbk PT (I)	1,747,000		13,312
Multipolar Corp. Tbk Pt	833,500		49,111
Pabrik Kertas Tjiwi Kimia Tbk PT	72,500		14,903
Panin Financial Tbk PT (I)	19,315,500		488,063
Panin Insurance Tbk PT	1,627,000		123,933
Pembangunan Perumahan Persero Tbk PT	807,000		99,764

124

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Indonesia (continued)
Perusahaan Perkebunan London Sumatra
Indonesia Tbk PT	1,764,500	$	351,051
Petrosea Tbk Pt	210,500		40,984
Polychem Indonesia Tbk PT (I)	2,945,500		110,673
Ramayana Lestari Sentosa Tbk PT	2,505,000		358,395
Salim Ivomas Pratama Tbk Pt (I)	172,000		18,639
Sampoerna Agro Tbk PT	703,500		152,036
Samudera Indonesia Tbk PT	58,500		24,536
Selamat Sempurna Tbk PT	7,500		1,967
Sentul City Tbk PT (I)	19,986,000		639,140
Summarecon Agung Tbk PT	250,500		63,823
Suryainti Permata Tbk PT (I)	1,446,000		13,244
Tiga Pilar Sejahtera Food Tbk	1,539,500		202,908
Timah Persero Tbk PT	2,897,500		427,470
Trias Sentosa Tbk PT	2,019,500		72,711
Trimegah Securities Tbk PT (I)	1,540,500		17,167
Truba Alam Manunggal Engineering
Tbk PT (I)	11,991,500		61,701
Tunas Baru Lampung Tbk PT	1,620,000		80,132
Tunas Ridean Tbk PT	2,272,500		217,569
United Tractors Tbk PT	571,500		1,072,542
Vale Indonesia Tbk PT	3,845,000		942,597
Wijaya Karya Persero Tbk PT	1,102,748		230,032

			38,039,829
Israel - 0.0%
Mivtach Shamir Holdings, Ltd.	6,071		156,203
Malaysia - 4.1%
Affin Holdings BHD	711,300		783,969
AirAsia BHD	818,200		756,863
Alam Maritim Resources BHD (I)	346,100		103,415
Alliance Financial Group BHD	1,285,500		1,828,517
AMMB Holdings BHD	2,200,162		4,643,760
Ann Joo Resources BHD	252,200		100,146
APM Automotive Holdings BHD	6,500		10,407
Asas Dunia BHD	24,000		11,507
Berjaya Corp. BHD	2,315,900		385,273
BIMB Holdings BHD	142,900		158,475
Boustead Holdings BHD	607,376		1,015,117
Cahya Mata Sarawak BHD	241,600		242,794
Coastal Contracts BHD	30,000		19,385
Dijaya Corp. BHD	81,800		40,672
DRB-Hicom BHD	1,194,900		997,635
Eastern & Oriental BHD	337,900		174,851
ECM Libra Financial Group BHD	175,561		40,272
Faber Group BHD	123,900		63,265
Gamuda BHD	143,700		191,771
Genting Malaysia BHD	1,545,000		1,831,994
Globetronics Technology BHD	190,440		108,288
Glomac BHD	462,600		147,822
Goldis BHD (I)	306,000		197,630
HAP Seng Consolidated BHD	1,815,120		1,013,641
Hap Seng Plantations Holdings BHD	617,500		543,962
Hong Leong Financial Group BHD	309,800		1,495,954
Hong Leong Industries BHD	25,000		34,628
Hunza Properties BHD	113,800		56,507
Hwang-DBS Malaysia BHD	105,200		142,732
IGB Corp. BHD	1,590,043		1,165,416
IJM Corp. BHD	2,070,980		3,687,356
IJM Land BHD	443,300		368,748
IJM Plantations BHD	64,500		62,676
Inch Kenneth Kajang Rubber	106,800		31,948
Insas BHD	494,969		67,972


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Malaysia (continued)
Integrated Logistics BHD	162,855	$	52,085
Iris Corp. Bhd	356,700		18,422
JAKS Resources BHD (I)	246,000		27,415
Jaya Tiasa Holdings BHD	251,226		145,873
JCY International BHD	265,600		44,594
K&N Kenanga Holdings BHD	402,145		70,114
Karambunai Corp. BHD (I)	1,978,300		69,916
Keck Seng Malaysia BHD	222,300		370,594
Kian JOO CAN Factory BHD	290,000		222,150
Kim Loong Resources BHD	32,400		23,120
Kinsteel BHD (I)	561,400		54,381
KLCC Property Holdings BHD	796,400		1,713,961
KNM Group BHD (I)	1,152,000		178,872
KSL Holdings BHD (I)	267,333		176,876
KUB Malaysia BHD (I)	534,400		70,139
Kulim Malaysia BHD	989,600		1,163,986
Kumpulan Fima BHD	2,300		1,413
Kwantas Corp. BHD	56,000		32,372
Land & General BHD (I)	163,200		21,899
Landmarks BHD (I)	384,900		121,143
LBS Bina Group BHD	210,000		63,055
Lion Industries Corp. BHD	736,100		214,271
Mah Sing Group BHD	162,133		121,639
Malayan Flour Mills BHD	132,300		51,317
Malaysia Airports Holdings BHD	182,485		342,277
Malaysian Airline System BHD (I)	308,600		74,510
Malaysian Bulk Carriers BHD	194,100		99,106
Malaysian Pacific Industries BHD	64,375		52,146
Malaysian Resources Corp. BHD	650,100		304,899
MBM Resources BHD	78,650		85,185
Media Prima BHD	46,900		36,937
Mega First Corp. BHD	163,700		83,506
MISC BHD (I)	417,900		723,844
MK Land Holdings BHD	632,500		64,425
MMC Corp. BHD	1,118,700		922,526
MNRB Holdings BHD	10,000		9,357
Mudajaya Group BHD	201,700		157,964
Muhibbah Engineering Malaysia BHD	495,300		195,273
Mulpha International BHD (I)	2,622,700		325,792
Naim Holdings BHD	198,100		144,029
NCB Holdings BHD	4,100		5,958
Nylex Malaysia BHD	42,463		6,366
Oriental Holdings BHD	549,620		1,703,516
OSK Holdings BHD	903,998		429,401
Panasonic Manufacturing Malaysia BHD	45,500		315,318
Perdana Petroleum BHD (I)	259,400		108,130
Pharmaniaga BHD	1,462		3,948
PJ Development Holdings BHD	258,900		66,480
POS Malaysia BHD	68,800		94,299
PPB Group BHD	729,200		2,975,141
Press Metal BHD	51,000		29,319
Protasco BHD	172,400		63,009
RHB Capital BHD	106,626		297,751
Rimbunan Sawit Bhd	166,100		42,384
Salcon BHD	42,800		6,692
Scientex BHD	32,000		39,861
Scomi Group BHD (I)	1,708,300		193,464
Selangor Dredging BHD	326,900		84,365
Selangor Properties BHD	105,000		123,522
Shangri-La Hotels BHD	101,900		153,454
Shell Refining Company Federation of
Malaya BHD	161,700		444,797
SHL Consolidated BHD	172,300		73,449

125

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Malaysia (continued)
Sunway BHD	898,722	$	855,754
Supermax Corp. BHD	325,900		200,137
Suria Capital Holdings BHD	237,900		116,856
Symphony Life BHD (I)	185,955		54,912
TA Ann Holdings BHD	344,990		387,537
TA Enterprise BHD	1,903,200		316,609
TA Global BHD	1,233,900		97,478
TAN Chong Motor Holdings BHD	20,700		34,422
TDM BHD	171,700		211,688
TH Plantations BHD (I)	12,400		8,249
Time.com BHD (I)	346,900		441,479
Tradewinds Corp. BHD	398,400		132,514
Tradewinds Plantation BHD	45,500		73,314
UEM Land Holdings BHD (I)	170,400		148,177
Unisem Malaysia BHD	601,680		171,214
United Malacca BHD	97,800		231,734
UOA Development Bhd	63,900		43,129
VS Industry BHD	166,770		74,802
Wah Seong Corp. BHD	106,156		56,516
WCT BHD	608,550		473,472
Wing Tai Malaysia BHD	124,000		75,973
WTK Holdings BHD	368,500		107,229
YNH Property BHD	662,715		404,459
YTL Corp. BHD	5,036,140		2,658,875
YTL Land & Development BHD (I)	52,700		15,340
Zelan BHD (I)	227,600		21,391

			45,850,635
Mexico - 8.2%
Alfa SAB de CV, Class A	3,135,770		7,671,998
Alsea SAB de CV (I)	13,769		39,677
Arca Continental SAB de CV	287,886		2,156,819
Axtel SAB de CV (I)	982,700		295,075
Cemex SAB de CV, ADR (I)(L)	1,313,956		16,043,403
Cia Minera Autlan SAB de CV, Series B	14,000		12,330
Consorcio ARA SAB de CV (I)	1,418,400		576,949
Controladora Comercial Mexicana SAB de CV	147,007		541,467
Corporacion GEO SAB de CV, Series B (I)	793,874		476,770
Desarrolladora Homex SAB de CV (I)	153,600		229,340
Desarrolladora Homex SAB
de CV, ADR (I)(L)	9,800		87,612
Empresas ICA SAB de CV (I)	220,900		734,426
Empresas ICA SAB de CV, ADR (I)(L)	198,467		2,631,672
Fomento Economico Mexicano SAB
de CV, ADR	82,567		9,371,355
GMD Resorts SAB de CV (I)	60,500		20,083
Gruma SAB de CV, ADR (I)	7,982		140,164
Gruma SAB de CV, Class B (I)	343,439		1,514,823
Grupo Aeroportuario del Centro Norte
SAB de CV	281,000		1,173,910
Grupo Aeroportuario del Centro Norte SAB
de CV, ADR	4,057		135,504
Grupo Aeroportuario del Pacifico SAB
de CV, ADR	81,585		4,781,697
Grupo Aeroportuario del Sureste SAB
de CV, ADR (L)	30,747		4,202,192
Grupo Aeroportuario del Sureste SAB
de CV, Class B	28,700		392,640
Grupo Carso SAB de CV, Series A1	880,268		4,907,683
Grupo Cementos de Chihuahua SAB de CV (I)	35,500		129,496
Grupo Comercial Chedraui SA de CV	17,900		60,717
Grupo Famsa SAB de CV, Class A (I)	357,718		754,725
Grupo Financiero Banorte SAB
de CV, Series O	2,397,900		19,243,053


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Mexico (continued)
Grupo Industrial Maseca SAB de CV, Series B	53,900	$	69,357
Grupo Industrial Saltillo SAB de CV	94,000		218,504
Grupo KUO SAB de CV, Series B	164,000		424,443
Grupo Mexicano de Desarrollo SAB de CV (I)	52,030		31,323
Grupo Simec SAB de CV, Series B (I)	219,500		1,045,483
Industrias Bachoco SAB de CV, ADR	2,653		85,188
Industrias CH SAB de CV, Series B (I)	265,600		2,319,306
Inmuebles Carso SAB de CV, Class B1 (I)	1,110,125		1,103,914
Minera Frisco SAB de CV, Class A1 (I)	118,600		513,443
OHL Mexico SAB de CV (I)	40,300		111,531
Organizacion Soriana SAB de CV, Series B	1,587,300		6,204,958
Qualitas Controladora SAB de CV	318,900		598,718
Sare Holding SAB de CV, Class B (I)	106,048		5,136
Urbi Desarrollos Urbanos SAB de CV (I)	662,000		169,868

			91,226,752
Philippines - 1.2%
Alliance Global Group, Inc.	2,833,000		1,465,190
Atlas Consolidated Mining & Development	194,000		106,724
Cebu Air, Inc.	6,460		10,814
Empire East Land Holdings, Inc. (I)	2,990,000		78,410
Filinvest Development Corp.	211,875		30,226
Filinvest Land, Inc.	18,335,500		886,938
First Philippine Holdings Corp.	427,000		1,098,943
Global-Estate Resorts, Inc. (I)	1,064,000		60,466
JG Summit Holdings, Inc.	162,300		168,794
Lafarge Republic, Inc.	80,428		21,565
Lopez Holdings Corp.	3,257,000		575,537
Megaworld Corp.	19,138,800		1,820,059
Metropolitan Bank & Trust Company	111,411		319,026
Philippine National Bank (I)	362,200		896,510
Philtown Properties, Inc. (I)	3,844		145
RFM Corp.	120,000		13,858
Rizal Commercial Banking Corp.	602,800		1,034,088
Robinsons Land Corp.	2,512,500		1,569,505
San Miguel Corp.	745,140		2,108,267
SM Development Corp.	541,420		112,388
Trans-Asia Oil & Energy Development	20,000		1,116
Union Bank of Philippines	214,600		657,366
Vista Land & Lifescapes, Inc.	5,803,000		770,449

			13,806,384
Poland - 1.7%
Agora SA	77,712		181,801
Asseco Poland SA	62,666		808,929
Bank Millennium SA (I)	296,783		437,755
Bank Zachodni WBK SA	3,229		249,854
Bioton SA (I)	4,546,178		69,534
Ciech SA (I)	32,747		228,430
ComArch SA	1,802		45,967
Enea SA	92,903		423,767
Fabryki Mebli Forte SA	23,417		118,744
Farmacol SA (I)	10,785		157,981
Firma Oponiarska Debica SA	7,423		152,442
Getin Holding SA (I)(L)	174,983		146,214
Grupa Kety SA	17,823		770,848
Grupa Lotos SA (I)	99,148		1,248,731
Impexmetal SA (I)	98,393		84,053
Koelner SA	3,382		6,360
Kopex SA (I)	61,117		290,588
LC Corp. SA (I)	155,767		57,925
MCI Management SA (I)	32,259		65,963
Netia SA (I)(L)	324,551		421,219
Orbis SA	45,854		506,571

126

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Poland (continued)
Petrolinvest SA (I)	50,401	$	14,569
PGE SA	828,765		4,263,445
Polimex-Mostostal SA (I)	283,029		32,170
Polnord SA (I)	19,758		40,516
Polski Koncern Miesny Duda SA (I)	61,515		9,816
Polski Koncern Naftowy Orlen SA (I)(L)	472,808		7,487,483
Rovese SA (I)	40,467		16,782
Sygnity SA (I)	6,918		32,619
Tauron Polska Energia SA	587,471		772,464
Zaklady Azotowe w Tarnowie-Moscicach SA	13,473		238,822

			19,382,362
Russia - 4.7%
Federal Hydrogenerating Company JSC, ADR	865,654		1,690,790
Gazprom OAO, ADR (London Exchange)	5,453,751		46,780,367
Lukoil OAO, ADR	55,032		3,549,026
Magnitogorsk Iron & Steel Works, GDR	90,476		310,152
Magnitogorsk Iron & Steel Works, GDR
(London Exchange)	8,444		29,007

			52,359,342
South Africa - 7.0%
ABSA Group, Ltd. (L)	383,490		6,464,133
Adcorp Holdings, Ltd.	28,318		93,961
Aeci, Ltd.	57,773		641,040
Afgri, Ltd.	389,921		226,896
African Rainbow Minerals, Ltd.	107,152		2,206,797
Allied Electronics Corp., Ltd.	62,999		143,944
ArcelorMittal South Africa, Ltd. (I)	138,452		428,204
Argent Industrial, Ltd.	113,274		72,019
Aveng, Ltd.	442,348		1,553,539
Barloworld, Ltd.	265,047		2,762,476
Basil Read Holdings, Ltd. (I)	36,217		46,872
Bell Equipment, Ltd.	34,158		81,368
Blue Label Telecoms, Ltd.	182,758		156,814
Business Connexion Group, Ltd.	100,096		63,282
Caxton & CTP Publishers & Printers, Ltd.	185,300		352,757
Cipla Medpro South Africa, Ltd.	491,176		497,834
Clover Industries, Ltd.	12,309		22,760
Consolidated Infrastructure Group, Ltd. (I)	3,352		7,107
DataTec, Ltd.	255,498		1,403,567
DRDGOLD, Ltd.	329,618		256,860
Eqstra Holdings, Ltd.	194,239		140,710
Gold Fields, Ltd., ADR	784,509		6,079,945
Grindrod, Ltd.	607,680		1,322,041
Group Five, Ltd.	94,236		368,934
Harmony Gold Mining
Company, Ltd., ADR (L)	532,185		3,411,306
Hudaco Industries, Ltd.	10,209		104,849
Hulamin, Ltd. (I)	112,965		65,021
Iliad Africa, Ltd.	124,370		67,631
Illovo Sugar, Ltd.	27,659		95,674
Impala Platinum Holdings, Ltd.	382,149		5,626,727
Investec, Ltd.	318,380		2,226,158
JD Group, Ltd. (L)	204,241		773,468
KAP Industrial Holdings, Ltd.	146,538		52,585
Lewis Group, Ltd.	97,828		687,695
Liberty Holdings, Ltd.	126,115		1,647,815
Merafe Resources, Ltd. (I)	2,241,497		177,958
Metair Investments, Ltd.	117,651		478,533
MMI Holdings, Ltd.	1,109,101		2,801,830
Mondi, Ltd.	145,980		1,976,885
Mpact, Ltd.	6,878		17,495
Murray & Roberts Holdings, Ltd. (I)	63,097		161,164


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
South Africa (continued)
Mvelaserve, Ltd. (I)	154,755	$	141,809
Nedbank Group, Ltd. (L)	282,400		5,851,327
Northam Platinum, Ltd. (I)	193,290		834,907
Nu-World Holdings, Ltd.	19,436		42,274
Omnia Holdings, Ltd.	62,359		1,071,589
Palabora Mining Company, Ltd. (I)	9,746		111,280
Peregrine Holdings, Ltd.	95,789		117,856
Petmin, Ltd.	101,536		23,749
PSG Group, Ltd.	31,165		212,888
Raubex Group, Ltd.	77,675		164,724
Royal Bafokeng Platinum, Ltd. (I)	5,409		31,761
Sappi, Ltd. (I)	331,201		1,031,102
Sappi, Ltd., ADR (I)(L)	156,861		481,563
Sentula Mining, Ltd. (I)	262,338		46,997
Sibanye Gold, Ltd., ADR (I)	196,127		1,108,119
Standard Bank Group, Ltd.	923,202		11,886,063
Stefanutti Stocks Holdings, Ltd.	48,594		47,933
Steinhoff International Holdings, Ltd. (I)(L)	1,892,115		5,146,220
Super Group, Ltd. (I)	247,529		654,106
Telkom SA, Ltd. (I)	271,496		443,100
Telkom SA, Ltd., ADR (I)	3,000		19,290
Tiger Wheels, Ltd. (I)	32,678		0
Times Media Group, Ltd. (I)	61,751		110,835
Tongaat Hulett, Ltd.	74,597		1,163,860
Trans Hex Group, Ltd. (I)	44,790		16,804
Trencor, Ltd.	89,914		704,495
Value Group, Ltd.	178,661		112,716
Village Main Reef, Ltd.	344,988		42,045
Wilson Bayly Holmes-Ovcon, Ltd.	30		503
Zeder Investments, Ltd.	135,273		52,080

			77,438,649
South Korea - 15.4%
AMOREPACIFIC Group	794		289,664
Asia Cement Company, Ltd.	3,240		222,093
Asia Paper Manufacturing Company, Ltd.	1,600		27,361
AUK Corp. (I)	19,670		35,064
Bookook Securities Company, Ltd.	4,950		73,075
Boryung Pharmaceutical Company, Ltd.	4,053		113,069
BS Financial Group, Inc.	185,010		2,515,421
Busan City Gas Company, Ltd.	7,300		161,643
BYC Company, Ltd.	240		44,957
Byucksan Corp.	19,800		32,236
Chin Hung International, Inc. (I)	21,552		10,538
Chong Kun Dang Pharm Corp.	3,300		156,028
Chosun Refractories Company, Ltd.	1,708		99,394
CJ Corp.	17,422		2,277,946
CJ Korea Express Company, Ltd. (I)	8,268		753,633
Cosmochemical Company, Ltd. (I)	3,570		23,415
Dae Dong Industrial Company, Ltd.	9,000		46,830
Dae Han Flour Mills Company, Ltd.	1,232		145,221
Dae Won Kang Up Company, Ltd.	1,907		13,803
Daechang Company, Ltd.	43,270		48,998
Daeduck GDS Company, Ltd.	12,540		206,244
Daegu Department Store	9,340		123,173
Daehan Steel Company, Ltd.	9,250		63,458
Daekyo Company, Ltd.	44,550		270,848
Daelim Industrial Company, Ltd.	32,582		2,680,829
Daelim Trading Company, Ltd.	1,417		5,140
Daesang Corp.	2,330		76,886
Daesang Holdings Company, Ltd.	8,320		64,133
Daesung Group Partners Company, Ltd.	525		15,651
Daesung Holdings Company, Ltd.	8,110		54,299
Daewoo Securities Company, Ltd.	27,971		287,553

127

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
South Korea (continued)
Daewoo Shipbuilding & Marine
Engineering Company, Ltd.	23,550	$	584,815
Daewoong Pharmaceutical Company, Ltd.	484		26,549
Dahaam E-Tec Company, Ltd.	2,630		41,958
Daishin Securities Company, Ltd.	53,530		468,738
Daou Technology, Inc.	26,120		414,986
DGB Financial Group, Inc.	146,510		2,212,612
Digital Power Communications Company, Ltd.	1,370		4,609
Dong Ah Tire & Rubber Company, Ltd.	10,970		168,894
Dong Yang Gang Chul Company, Ltd. (I)	2,200		4,621
Dong-Il Corp.	673		32,275
Dongbang Transport Logistics Company, Ltd.	5,500		14,946
Dongbu Corp. (I)	12,860		48,871
Dongbu HiTek Company, Ltd. (I)	26,970		155,438
Dongbu Securities Company, Ltd.	32,430		117,300
Dongbu Steel Company, Ltd. (I)	23,705		73,055
Dongil Industries Company, Ltd.	1,340		69,395
Dongkuk Steel Mill Company, Ltd. (L)	42,070		463,587
Dongwha Pharmaceutical Company, Ltd.	16,190		88,159
Dongwon F&B Company, Ltd.	1,080		107,720
Doosan Corp.	5,073		586,311
Doosan Engineering &
Construction Company, Ltd. (I)(L)	40,872		103,732
DRB Holding Company, Ltd.	4,881		26,973
DRB Industrial Company, Ltd.	4,258		28,222
Eugene Investment &
Securities Company, Ltd. (I)	45,730		106,085
Fursys, Inc.	3,612		81,733
Gaon Cable Company, Ltd.	2,934		58,760
Golden Bridge Investment &
Securities Company, Ltd.	17,880		20,193
GS Engineering & Construction Corp.	2,720		132,346
GS Holdings Corp.	42,665		2,491,241
Gwangju Shinsegae Company, Ltd.	1,111		279,176
Halla Engineering & Construction Corp.	14,352		86,255
Han Kuk Carbon Company, Ltd.	13,870		104,512
Hana Financial Group, Inc.	267,845		9,479,638
Handok Pharmaceuticals Company, Ltd.	1,320		25,212
Hanil Cement Company, Ltd.	6,209		318,703
Hanjin Heavy Industries &
Construction Company, Ltd. (I)(L)	51,421		413,675
Hanjin Heavy Industries & Construction
Holdings Company, Ltd.	14,860		88,383
Hanjin Shipping Company, Ltd. (I)(L)	66,686		633,387
Hanjin Shipping Holdings Company, Ltd. (I)	6,150		29,899
Hanjin Transportation Company, Ltd.	11,210		242,881
Hankuk Glass Industries, Inc. (I)	1,970		35,938
Hankuk Paper Manufacturing Company, Ltd.	3,920		98,808
Hanmi Science Company, Ltd. (I)	3,124		29,023
Hanmi Semiconductor Company, Ltd.	8,570		69,812
Hansol Paper Company, Ltd.	40,470		437,140
Hanwha Chemical Corp.	67,510		1,198,680
Hanwha Corp.	38,140		1,156,521
Hanwha General Insurance Company, Ltd. (I)	3,270		16,916
Hanwha Investment &
Securities Company, Ltd.	58,320		223,647
Hanwha Life Insurance Company, Ltd.	62,170		379,306
Hanwha Timeworld Company, Ltd.	2,650		78,185
Hanyang Securities Company, Ltd.	11,820		68,570
Heung-A Shipping Company, Ltd.	17,782		21,451
Hitejinro Holdings Company, Ltd.	7,640		116,136
HMC Investment Securities Company, Ltd.	17,256		202,820
HS R&A Company, Ltd.	2,470		27,761


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
South Korea (continued)
Husteel Company, Ltd.	6,110	$	140,302
Hwacheon Machine Tool Company, Ltd.	940		37,637
Hyosung Corp.	21,955		1,087,835
Hyundai BNG Steel Company, Ltd. (I)	7,680		74,138
Hyundai Development Company	68,610		1,530,935
Hyundai Heavy Industries Company, Ltd.	529		102,251
Hyundai Mipo Dockyard	12,693		1,324,936
Hyundai Securities Company, Ltd.	141,746		1,011,445
Hyundai Steel Company	54,387		3,984,827
Il Dong Pharmaceutical Company, Ltd.	10,050		101,210
Iljin Electric Company, Ltd.	2,300		8,344
Ilshin Spinning Company, Ltd.	867		78,544
Ilsung Pharmaceutical Company, Ltd.	1,895		134,949
Industrial Bank of Korea	208,787		2,402,669
Inzi Controls Company, Ltd.	6,050		36,877
IS Dongseo Company, Ltd. (I)	9,480		99,002
ISU Chemical Company, Ltd.	7,460		124,554
Jeil Pharmaceutical Company	13,980		217,976
Jeil Savings Bank (I)	1,820		49
Jeonbuk Bank	48,334		243,646
JW Pharmaceutical Corp.	6,789		91,330
KB Financial Group, Inc.	62,198		2,077,455
KB Financial Group, Inc., ADR (L)	341,648		11,288,050
KC Tech Company, Ltd.	9,012		37,077
KCC Corp.	5,518		1,476,094
Keangnam Enterprises, Ltd. (I)	8,628		55,513
Keyang Electric Machinery Company, Ltd.	13,000		29,621
KG Chemical Corp.	5,600		70,148
KISCO Corp.	3,841		95,667
KISCO Holdings Company, Ltd.	778		25,337
Kishin Corp.	8,229		50,929
KISWIRE, Ltd.	5,463		154,874
Kolon Corp.	1,959		40,653
Kolon Global Corp. (I)	7,660		28,733
Kolon Industries, Inc.	2,175		105,280
Korea Airport Service Company, Ltd.	2,720		67,867
Korea Cast Iron Pipe Industries Company, Ltd.	5,500		19,066
Korea Electric Terminal Company, Ltd.	5,770		154,956
Korea Exchange Bank	325,730		2,167,064
Korea Flange Company, Ltd. (I)	4,810		56,478
Korea Investment Holdings Company, Ltd.	44,860		1,795,907
Korea United Pharm, Inc.	2,050		26,882
KPX Chemical Company, Ltd.	933		44,211
KPX Fine Chemical Company, Ltd. (I)	510		9,534
KTB Investment &
Securities Company, Ltd. (I)	55,710		179,273
Kukdo Chemical Company, Ltd.	1,414		61,752
Kumho Electric Company, Ltd.	4,015		111,368
Kunsul Chemical Industrial Company, Ltd.	1,970		43,377
Kwang Dong Pharmaceutical Company, Ltd.	33,800		197,707
Kyeryong Construction
Industrial Company, Ltd. (I)	6,260		48,870
Kyobo Securities Company	12,618		58,098
Kyung-In Synthetic Corp.	7,860		23,424
Kyungbang, Ltd. (I)	1,250		104,108
LG Corp.	77,528		4,519,344
LG Display Company, Ltd., ADR (I)(L)	517,007		7,543,132
LG Electronics, Inc.	127,442		9,367,804
LG Hausys, Ltd.	4,347		331,411
LG Innotek Company, Ltd. (I)(L)	6,033		423,981
LG Uplus Corp. (I)	263,010		1,898,241
Livart Furniture Company, Ltd.	1,200		7,151
Lotte Chilsung Beverage Company, Ltd. (L)	825		1,111,676

128

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
South Korea (continued)
Lotte Confectionery Company, Ltd.	833	$	1,322,003
Lotte Samkang Company, Ltd.	116		85,105
Lotte Shopping Company, Ltd.	12,948		4,583,286
Meritz Securities Company, Ltd.	230,139		294,052
Mi Chang Oil Industrial Company, Ltd.	905		65,084
Mirae Asset Securities Company, Ltd.	24,550		912,933
Moorim P&P Company, Ltd.	29,420		128,654
Moorim Paper Company, Ltd. (I)	13,820		29,433
Motonic Corp.	6,055		69,383
Namyang Dairy Products Company, Ltd.	559		537,934
National Plastic Company	2,860		8,175
Neo Holdings Company, Ltd. (I)	5,073		0
Nexen Corp.	1,289		88,437
NH Investment & Securities Company, Ltd.	26,217		121,921
Nong Shim Holdings Company, Ltd.	2,560		164,628
NongShim Company, Ltd.	2,041		564,145
Ottogi Corp.	648		176,095
PaperCorea, Inc. (I)(L)	70,940		61,715
Poonglim Industrial Company, Ltd. (I)	189		374
Poongsan Corp.	1,190		29,252
Poongsan Holdings Corp.	5,382		112,109
POSCO	45,501		13,403,769
POSCO Coated & Color
Steel Company, Ltd. (I)	4,050		53,985
POSCO, ADR	71,464		5,267,611
Pulmuone Holdings Company, Ltd.	620		28,220
S&T Dynamics Company, Ltd.	24,980		290,416
S&T Holdings Company, Ltd.	11,230		116,948
S&T Motiv Company, Ltd.	5,310		118,429
Saeron Automotive Corp.	5,550		33,116
Sam Young Electronics Company, Ltd.	10,510		84,330
Sam Yung Trading Company, Ltd.	4,592		59,373
Sambu Construction Company, Ltd. (I)	4,000		15,656
SAMHWA Paints Industrial Company, Ltd.	5,090		22,323
Samick Musical
Instruments Company, Ltd. (I)(L)	24,370		29,535
Samlip General Foods Company, Ltd.	1,510		29,712
Samsung SDI Company, Ltd.	39,287		4,980,879
Samyang Genex Company, Ltd.	1,448		105,108
Samyang Holdings Corp.	7,193		449,010
Samyang Tongsang Company, Ltd.	1,360		28,331
SAVEZONE I&C Corp.	16,880		48,211
SBS Media Holdings Company, Ltd.	11,060		58,770
SeAH Holdings Corp.	1,122		92,005
SeAH Steel Corp.	2,835		253,816
Sebang Company, Ltd.	11,820		196,669
Seowon Company, Ltd.	1,920		4,994
Sewon Cellontech Company, Ltd. (I)	3,610		13,067
SG Corp. (I)	84,000		78,921
Shin Poong Pharmaceutical Company, Ltd.	800		3,859
Shinhan Financial Group Company, Ltd., ADR	390,336		14,013,062
Shinhan Financial Group Company, Ltd.	136,367		4,897,933
Shinsegae Information &
Communication Company, Ltd.	1,038		62,535
Shinsung Solar Energy Company, Ltd. (I)	30,622		33,072
Shinsung Tongsang Company, Ltd.	24,560		20,072
Shinwon Corp. (I)(L)	27,180		33,115
Shinyoung Securities Company, Ltd.	5,296		163,353
Silla Company, Ltd.	5,476		119,667
Sindoh Company, Ltd.	3,959		237,553
SJM Company, Ltd.	4,902		40,094
SK Gas Company, Ltd.	2,870		215,199
SK Holdings Company, Ltd.	35,524		5,371,925


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
South Korea (continued)
SK Innovation Company, Ltd.	38,962	$	5,718,394
SK Networks Company, Ltd.	118,827		811,786
SK Securities Company, Ltd.	198,250		185,970
Ssangyong Cement
Industrial Company, Ltd. (I)	20,770		145,333
STX Corp. Company, Ltd. (L)	34,400		214,556
STX Engine Company, Ltd. (I)	14,010		97,651
STX Offshore &
Shipbuilding Company, Ltd. (I)	36,140		215,744
STX Pan Ocean Company, Ltd. (I)(L)	112,020		460,131
Suheung Capsule Company, Ltd.	2,800		58,210
Sungshin Cement Company, Ltd. (I)	15,480		92,175
Sunjin Company, Ltd.	4,362		58,754
Tae Kyung Industrial Company, Ltd.	10,000		36,850
Taekwang Industrial Company, Ltd.	444		415,887
Taeyoung Engineering &
Construction Company, Ltd.	55,620		307,152
Tailim Packaging Industrial Company, Ltd.	30,000		70,552
TCC Steel	5,364		20,097
Telcoware Company, Ltd.	820		6,699
Tong Yang Moolsan Company, Ltd.	1,510		15,212
TONGYANG Securities, Inc.	75,161		272,398
TS Corp.	5,232		128,507
Uangel Corp.	3,800		16,916
Unid Company, Ltd.	1,621		60,755
Union Steel	8,940		101,779
Wiscom Company, Ltd.	3,760		16,443
Woongjin Holdings Company, Ltd. (I)	27,256		48,383
Woori Finance Holdings Company, Ltd.	424,357		4,775,609
Woori Finance Holdings Company, Ltd., ADR	100		3,397
Woori Financial Company, Ltd.	6,578		118,873
Woori Investment & Securities Company, Ltd.	131,401		1,362,271
YESCO Company, Ltd.	1,950		54,642
Yoosung Enterprise Company, Ltd.	6,386		23,756
Youlchon Chemical Company, Ltd.	19,470		183,912
Young Poong Corp.	143		154,108
YuHwa Securities Company, Ltd.	3,410		36,182

			170,995,176
Taiwan - 13.5%
A-DATA Technology Company, Ltd.	104,000		170,741
Ability Enterprise Company, Ltd.	21,000		19,207
AcBel Polytech, Inc.	254,000		221,530
Accton Technology Corp.	687,722		402,993
Acer, Inc. (I)	2,808,000		2,443,206
ACHEM Technology Corp.	122,701		59,638
Action Electronics Company, Ltd. (I)	190,923		44,953
AGV Products Corp. (I)	568,100		199,757
Alpha Networks, Inc.	245,000		159,726
Altek Corp.	291,578		176,654
AMPOC Far-East Company, Ltd.	86,993		81,860
AmTRAN Technology Company, Ltd.	109,185		88,878
Anpec Electronics Corp.	24,000		15,983
APCB, Inc.	92,000		62,811
Apex Science & Engineering	6,489		2,238
Ardentec Corp.	22,219		14,776
Asia Cement Corp.	2,033,032		2,462,783
Asia Optical Company, Inc. (I)	183,000		187,130
Asia Polymer Corp.	20,400		16,210
Asia Vital Components Company Ltd.	148,328		76,554
AU Optronics Corp., ADR (I)(L)	904,460		3,889,178
Audix Corp.	81,200		74,820
Aurora Systems Corp.	42,000		47,341
Avermedia Technologies, Inc.	163,000		76,727

129

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Taiwan (continued)
Avision, Inc.	154,751	$	44,384
AVY Precision Technology, Inc.	4,000		6,501
Bank of Kaohsiung (I)	518,207		166,586
Basso Industry Corp.	28,000		18,644
BES Engineering Corp.	2,195,700		669,480
Biostar Microtech International Corp.	67,000		25,231
Bright Led Electronics Corp.	97,000		50,523
C Sun Manufacturing, Ltd.	59,000		43,381
Cameo Communications, Inc. (I)	164,944		45,721
Capital Securities Corp.	711,069		253,031
Carnival Industrial Corp. (I)	205,000		64,536
Cathay Chemical Works	93,000		43,356
Cathay Real Estate
Development Company, Ltd.	1,335,000		741,103
Central Reinsurance Company, Ltd. (I)	293,422		135,067
ChainQui Construction
Development Company, Ltd.	75,000		48,531
Champion Building Materials Company, Ltd.	120,132		41,716
Chang Hwa Commercial Bank	2,541,250		1,491,753
Charoen Pokphand Enterprise	147,000		76,075
Cheng Loong Corp.	1,412,320		619,674
Cheng Uei Precision Industry Company, Ltd.	63,629		120,557
Chia Hsin Cement Corp.	715,773		312,742
Chien Kuo Construction Company, Ltd.	172,785		86,345
Chien Shing Stainless Steel Company (I)	199,000		25,136
Chin-Poon Industrial Company, Ltd.	571,571		673,486
China Airlines, Ltd. (I)	2,108,910		822,643
China Chemical &
Pharmaceutical Company, Ltd.	196,000		132,311
China Development
Financial Holdings Corp. (I)	12,429,208		3,554,191
China Electric Manufacturing Corp.	93,000		56,390
China General Plastics Corp. (I)	495,000		250,719
China Glaze Company, Ltd.	98,000		46,059
China Manmade Fibers Corp. (I)	1,729,000		671,980
China Metal Products Company, Ltd.	201,136		263,422
China Motor Corp.	929,125		860,468
China Petrochemical Development Corp.	1,166,550		636,039
China Steel Structure Company, Ltd.	169,000		201,605
China Synthetic Rubber Corp.	136,965		147,435
China Wire & Cable Company, Ltd. (I)	128,000		46,636
Chinese Maritime Transport, Ltd.	12,000		14,443
Chun Yu Works & Company, Ltd. (I)	161,000		66,694
Chun Yuan Steel	672,874		252,540
Chung Hsin Electric &
Machinery Manufacturing Corp.	292,000		158,786
Chung Hung Steel Corp. (I)	235,625		67,720
Chung Hwa Pulp Corp. (I)	501,610		167,289
Chunghwa Picture Tubes, Ltd. (I)	4,649,429		177,833
CMC Magnetics Corp. (I)	4,348,000		766,522
CoAsia Microelectronics Corp.	39,000		29,647
Collins Company, Ltd.	134,626		51,101
Compal Electronics, Inc.	3,884,000		2,747,081
Compeq Manufactuing Company	1,453,000		534,228
Concord Securities Corp. (I)	48,000		11,308
Continental Holdings Corp.	821,000		316,107
Coretronic Corp.	114,000		85,194
Coxon Precise Industrial Company, Ltd.	59,000		127,237
CSBC Corp. Taiwan	147,100		92,098
D-Link Corp.	389,834		226,960
DA CIN Construction Company, Ltd.	62,000		50,105
Darfon Electronics Corp.	220,850		220,199
Delpha Construction Company, Ltd.	149,261		48,303


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Taiwan (continued)
DFI, Inc.	6,000	$	5,682
Dynamic Electronics Company, Ltd.	159,762		51,991
E Ink Holdings, Inc.	150,000		116,444
E-Ton Solar Tech Company, Ltd. (I)	184,570		67,090
E.Sun Financial Holding Company, Ltd.	5,584,924		3,381,059
Eastern Media International Corp. (I)	1,273,049		171,168
Edimax Technology Company, Ltd. (I)	49,000		21,051
Edison Opto Corp.	5,000		6,776
Edom Technology Company, Ltd.	141,000		52,245
Elite Material Company	61,000		61,385
Elite Semiconductor Memory Technology, Inc.	141,000		147,028
Elitegroup Computer Systems Company, Ltd.	968,793		371,000
ENG Electric Company, Ltd.	46,000		49,045
Enlight Corp. (I)	19,191		2,560
Entie Commercial Bank	53,000		29,993
Episil Technologies, Inc.	140,000		42,330
Epistar Corp.	558,000		999,214
Eternal Chemical Company, Ltd.	35,000		28,966
Etron Technology, Inc. (I)	149,000		49,620
Everest Textile Company, Ltd. (I)	230,000		53,236
Evergreen International Storage
& Transport Corp.	353,600		243,754
Evergreen Marine Corp., Ltd. (I)	1,928,291		1,150,535
Everlight Chemical Industrial Corp.	26,250		18,138
Everlight Electronics Company, Ltd.	44,000		71,339
Everspring Industry Company, Ltd. (I)	133,000		101,541
Excel Cell Electronic Company, Ltd.	11,000		4,899
Excelsior Medical Company, Ltd.	46,200		89,468
Far Eastern International Bank	1,870,846		760,106
Farglory Land Development Company, Ltd.	8,000		14,705
Federal Corp.	556,022		398,070
First Copper Technology Company, Ltd. (I)	356,000		107,728
First Financial Holding Company, Ltd.	6,348,164		3,971,172
First Insurance Company, Ltd.	193,475		118,901
First Steamship Company, Ltd.	130,104		98,616
Forhouse Corp.	323,099		162,025
Formosa Advanced
Technologies Company, Ltd.	24,000		15,542
Formosa Epitaxy, Inc. (I)	329,000		255,008
Formosa Oilseed Processing	88,578		38,839
Formosa Taffeta Company, Ltd.	1,399,000		1,277,102
Formosan Rubber Group, Inc.	272,000		203,239
Formosan Union Chemical	280,940		142,968
Fortune Electric Company, Ltd.	35,000		16,075
Founding Construction &
Development Company, Ltd.	87,623		62,895
Froch Enterprise Company, Ltd. (I)	41,000		13,171
FSP Technology, Inc.	72,229		68,517
FU I Industrial Company, Ltd. (I)	7,716		13,964
Fubon Financial Holding Company, Ltd. (I)	4,495,649		6,451,072
Fullerton Technology Company, Ltd.	86,460		79,018
Fulltech Fiber Glass Corp.	149,616		63,306
Fwusow Industry Company, Ltd.	175,702		89,333
G Shank Enterprise Company, Ltd.	55,000		32,330
Gemtek Technology Corp.	175,697		221,841
Genesis Photonics, Inc. (I)	70,000		51,243
Getac Technology Corp.	460,000		237,252
Giantplus Technology Company, Ltd. (I)	170,000		50,828
Giga Solution Tech Company, Ltd.	19,000		10,903
Gigabyte Technology Company, Ltd.	854,000		775,332
Gigastorage Corp.	251,000		180,097
Gintech Energy Corp. (I)	258,349		227,667
Global Brands Manufacture, Ltd.	171,806		63,331

130

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Taiwan (continued)
Globe Union Industrial Corp.	129,000	$	66,737
Gloria Material Technology Corp.	127,000		97,749
Gold Circuit Electronics, Ltd. (I)	666,204		132,447
Goldsun Development &
Construction Company, Ltd.	1,644,714		659,580
Grand Pacific Petrochemical Corp.	783,000		397,672
Green Energy Technology, Inc. (I)	221,194		182,029
GTM Corp. (I)	159,000		87,885
Hannstar Board Corp.	128,759		60,698
HannStar Display Corp. (I)	2,359,500		366,308
Harvatek Corp.	131,521		57,155
Hey Song Corp.	274,000		359,127
HiTi Digital, Inc.	34,000		14,545
Hitron Technology, Inc.	88,000		48,135
Ho Tung Chemical Corp. (I)	809,279		372,643
Hocheng Corp.	424,500		129,318
Holy Stone Enterprise Company, Ltd.	169,000		154,856
Hong TAI Electric Industrial Company, Ltd.	351,000		117,621
Horizon Securities Company, Ltd. (I)	223,000		68,322
Hsin Kuang Steel Company, Ltd.	312,085		199,761
Hsing TA Cement Company, Ltd.	435,000		152,074
HUA ENG Wire & Cable Company, Ltd. (I)	923,000		371,556
Hua Nan Financial Holdings Company, Ltd.	2,586,684		1,491,814
Hung Ching Development &
Construction Company, Ltd.	173,000		77,133
Hung Poo Real Estate Development Corp.	123,000		131,184
Hung Sheng Construction Company, Ltd.	827,200		599,034
Hwa Fong Rubber Company, Ltd. (I)	427,770		99,247
I-Chiun Precision Industry Company, Ltd. (I)	98,000		67,502
Ichia Technologies, Inc. (I)	478,180		233,785
Infortrend Technology, Inc.	34,000		18,326
Innolux Corp. (I)	5,839,767		3,611,071
Inotera Memories, Inc. (I)	1,970,000		557,519
Inventec Corp.	2,755,449		1,037,784
ITE Technology, Inc. (I)	108,000		94,817
J Touch Corp. (I)	60,000		60,718
Jess-Link Products Company, Ltd. (I)	57,000		49,702
K Laser Technology, Inc. (I)	82,214		38,115
Kang Na Hsiung Enterprise Company, Ltd.	105,000		49,940
Kaulin Manufacturing Company, Ltd.	202,710		137,323
Kenmec Mechanical
Engineering Company, Ltd.	44,000		15,961
Kindom Construction Company, Ltd.	214,000		193,441
King Yuan Electronics Company, Ltd.	1,771,796		1,201,609
King’s Town Bank (I)	517,000		477,302
King’s Town Construction Company, Ltd.	38,850		39,100
Kinpo Electronics, Inc.	1,828,269		429,022
KS Terminals, Inc.	52,000		35,124
Kuo Toong International Company, Ltd.	49,000		38,252
Kuoyang Construction Company, Ltd.	268,000		158,388
Kwong Fong Industries Corp. (I)	671,300		421,274
KYE System Corp. (I)	213,000		65,543
L&K Engineering Company, Ltd.	74,000		71,191
LAN FA Textile	188,863		51,475
Leader Electronics, Inc.	10,000		6,837
Lealea Enterprise Company, Ltd.	1,037,163		363,418
Ledtech Electronics Corp.	72,000		35,744
LEE CHI Enterprises Company, Ltd.	118,000		50,203
Lelon Electronics Corp.	76,650		33,556
Leofoo Development Company, Ltd. (I)	125,969		61,907
Lextar Electronics Corp. (I)	112,000		124,266
Li Peng Enterprise Company, Ltd. (I)	631,659		223,204
Lien Hwa Industrial Corp.	776,414		504,172


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Taiwan (continued)
Lingsen Precision Industries, Ltd.	372,481	$	202,908
Lite-On Semiconductor Corp.	245,000		134,465
Lite-On Technology Corp.	2,283,677		3,706,357
Long Bon International Company, Ltd. (I)	63,000		45,519
Long Chen Paper Company, Ltd. (I)	750,771		223,745
Longwell Company	9,000		7,984
Lotes Company, Ltd.	14,000		41,589
Lucky Cement Corp. (I)	390,000		96,490
Macronix International	3,734,001		1,073,580
Marketech International Corp.	82,000		52,323
Masterlink Securities Corp.	708,000		223,049
Maxtek Technology Company, Ltd.	16,000		11,163
Mayer Steel Pipe Corp. (I)	321,379		129,787
Mega Financial Holding Company, Ltd.	11,029,050		8,941,458
Meiloon Industrial Company, Ltd.	107,684		45,309
Mercuries Data Systems, Ltd.	49,000		14,849
Micro-Star International Company, Ltd.	1,410,264		667,077
Microelectronics Technology, Inc. (I)	107,830		70,100
Mirle Automation Corp.	8,240		5,918
Mitac International Corp.	1,913,956		706,343
Mobiletron Electronics Company, Ltd.	56,000		32,695
Mosel Vitelic, Inc. (I)	286,758		69,611
Motech Industries, Inc. (I)	47,000		48,381
Mustek Systems, Inc. (I)	28,367		1,397
Nan Ya Printed Circuit Board Corp.	46,000		50,111
Nantex Industry Company, Ltd.	11,000		7,111
Neo Solar Power Corp. (I)	317,000		238,298
New Era Electronics Company, Ltd.	34,000		31,508
Nien Hsing Textile Company, Ltd.	486,183		346,562
Nishoku Technology, Inc.	6,000		12,503
Ocean Plastics Company, Ltd. (I)	5,000		5,565
Optimax Technology Corp. (I)	144,610		10,074
OptoTech Corp.	305,000		125,885
Orient Semiconductor Electronics, Ltd. (I)	382,000		57,202
P-Two Industries, Inc.	14,000		8,188
Pacific Construction Company, Ltd.	89,289		27,802
Pan Jit International, Inc. (I)	249,000		98,266
Paragon Technologies Company, Ltd.	50,400		71,078
Pegatron Corp. (I)	1,381,660		2,127,286
Phihong Technology Company, Ltd.	92,000		74,943
Plotech Company, Ltd.	30,000		11,279
Portwell, Inc.	42,000		41,133
Pou Chen Corp.	1,607,348		1,718,684
Powercom Company, Ltd. (I)	85,600		35,887
Powertech Technology, Inc.	472,000		794,646
President Securities Corp. (I)	564,285		337,211
Prodisc Technology, Inc. (I)	762,000		4,332
Promate Electronic Company, Ltd.	44,000		40,202
Promise Technology, Inc. (I)	48,000		24,509
Qisda Corp. (I)	1,550,280		386,233
Quanta Storage, Inc.	131,000		80,060
Quintain Steel Company, Ltd.	361,602		85,154
Radium Life Tech Company, Ltd.	390,483		355,863
Ralec Electronic Corp.	41,335		43,796
Rexon Industrial Corp., Ltd. (I)	63,456		17,637
Ritek Corp. (I)	4,226,029		546,648
Sampo Corp.	902,338		308,042
Sanyang Industrial Company, Ltd. (I)	952,859		804,969
SDI Corp.	52,000		51,598
Sheng Yu Steel Company, Ltd.	169,000		102,118
ShenMao Technology, Inc.	13,000		14,396
Shih Wei Navigation Company, Ltd.	54,039		37,169
Shihlin Electric & Engineering Corp.	41,000		48,586

131

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Taiwan (continued)
Shin Kong Financial
Holding Company, Ltd. (I)	3,916,000	$	1,230,336
Shinkong Insurance Company, Ltd.	123,000		85,646
Shinkong Synthetic Fibers Corp.	2,221,239		698,542
Shuttle, Inc. (I)	112,000		39,203
Sigurd Microelectronics Corp.	376,293		386,445
Silicon Integrated Systems Corp. (I)	440,000		149,946
Sinbon Electronics Company, Ltd.	118,000		111,956
Sino-American Silicon Products, Inc.	121,000		157,443
Sinon Corp.	368,650		180,350
SinoPac Financial Holdings Company, Ltd.	8,807,798		4,196,993
Sirtec International Company, Ltd.	54,000		70,294
Sitronix Technology Corp.	45,000		64,585
Siward Crystal Technology Company, Ltd. (I)	64,213		20,989
Solomon Technology Corp. (I)	90,394		37,652
Solytech Enterprise Corp. (I)	72,000		23,544
Southeast Cement Company, Ltd.	295,000		136,613
Spirox Corp.	127,068		53,148
Star Comgistic Capital Company, Ltd.	69,795		32,632
Stark Technology, Inc.	46,000		39,303
Sunonwealth Electric Machine
Industry Company, Ltd.	19,000		12,353
Sunplus Technology Company, Ltd. (I)	409,000		125,604
Sunrex Technology Corp.	71,000		30,629
Super Dragon Technology Company, Ltd. (I)	3,000		2,560
Supreme Electronics Company, Ltd.	181,000		84,471
Sweeten Construction Company, Ltd.	36,729		23,552
Sysage Technology Company, Ltd.	14,000		14,882
TA Chen Stainless Pipe	612,535		289,458
Ta Chong Bank, Ltd. (I)	2,620,320		955,805
Ta Chong Securities Company, Ltd. (I)	51,000		13,453
Ta Ya Electric Wire & Cable Company, Ltd.	928,436		220,852
TA-I Technology Company, Ltd.	73,634		40,375
Tah Hsin Industrial Company, Ltd.	217,000		209,786
Taichung Commercial Bank	2,061,504		728,521
Tainan Enterprises Company, Ltd.	194,250		197,522
Tainan Spinning Company, Ltd.	1,704,135		855,049
Taishin Financial Holdings Company, Ltd.	7,925,326		3,315,510
Taisun Enterprise Company, Ltd.	73,032		37,670
Taita Chemical Company, Ltd.	140,028		41,962
Taiwan Business Bank (I)	3,940,127		1,244,588
Taiwan Cement Corp.	3,198,983		3,945,806
Taiwan Cogeneration Corp.	359,434		244,283
Taiwan Cooperative Financial Holding	6,201,390		3,543,179
Taiwan Fire & Marine Insurance Company	6,000		4,422
Taiwan FU Hsing Industrial Company, Ltd.	231,000		223,120
Taiwan Hopax Chemicals
Manufacturing Company, Ltd.	10,200		5,983
Taiwan Kolin Company, Ltd. (I)	327,000		0
Taiwan Land Development Corp. (I)	533,376		207,510
Taiwan Mask Corp.	407,150		138,939
Taiwan Navigation Company, Ltd.	9,000		6,990
Taiwan Paiho, Ltd.	404,845		254,145
Taiwan Pulp & Paper Corp.	417,640		127,622
Taiwan Sakura Corp.	15,000		7,959
Taiwan Semiconductor Company, Ltd.	133,000		64,408
Taiwan Styrene Monomer Corp. (I)	622,121		182,401
Taiwan Surface Mounting
Technology Company, Ltd.	22,000		36,417
Taiwan TEA Corp.	546,000		316,237
Taiwan Union Technology Corp.	65,000		38,387
Taiyen Biotech Company, Ltd.	320,000		323,712
Tatung Company, Ltd. (I)	2,265,400		573,000


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Taiwan (continued)
Teco Electric & Machinery Company, Ltd.	2,874,000	$	2,286,106
Tekcore Company, Ltd. (I)	17,000		7,365
Tex-Ray Industrial Company, Ltd.	91,800		37,071
Thinking Electronic Industrial Company, Ltd.	52,000		57,120
Ton Yi Industrial Corp.	697,200		428,442
Tong Yang Industry Company, Ltd.	227,929		207,675
Tong-Tai Machine & Tool Company, Ltd.	110,160		88,373
Topco Scientific Company, Ltd.	11,444		20,799
Topoint Technology Company, Ltd.	69,664		41,741
Tung Ho Steel Enterprise Corp.	266,000		254,429
TYC Brother Industrial Company, Ltd.	170,511		63,714
Tycoons Group Enterprise Company, Ltd. (I)	367,768		72,346
Tyntek Corp. (I)	209,096		57,559
TZE Shin International Company, Ltd.	48,284		23,853
U-Tech Media Corp. (I)	180,000		31,444
Unimicron Technology Corp.	1,112,000		1,148,526
Union Bank of Taiwan (I)	743,372		280,825
Unitech Computer Company, Ltd.	158,039		75,906
Unitech Printed Circuit Board Corp.	717,975		226,535
United Microelectronics Corp.	16,156,794		6,018,773
Universal Cement Corp.	821,108		491,092
Unizyx Holding Corp.	377,000		185,135
UPC Technology Corp.	937,435		496,648
Ve Wong Corp.	93,993		63,858
Wafer Works Corp.	76,342		42,263
Wah Hong Industrial Corp.	7,988		11,194
Wah Lee Industrial Corp.	98,000		139,612
Walsin Lihwa Corp. (I)	4,214,000		1,213,570
Walsin Technology Corp. (I)	858,044		202,977
Walton Advanced Engineering, Inc. (I)	229,584		67,023
Wan Hai Lines, Ltd. (I)	149,050		79,088
Waterland Financial Holding Company, Ltd.	2,977,081		1,002,276
WEI Chih Steel Industrial Company, Ltd. (I)	100,000		16,309
Wei Mon Industry Company, Ltd.	173,000		64,325
Weikeng Industrial Company, Ltd.	94,500		70,020
Well Shin Technology Company, Ltd.	30,000		45,623
Weltrend Semiconductor, Inc. (I)	67,000		30,531
Winbond Electronics Corp. (I)	4,720,000		921,304
Wintek Corp. (I)	1,535,000		806,679
Wistron Corp.	1,007,450		1,106,685
WT Microelectronics Company, Ltd.	17,509		20,459
WUS Printed Circuit Company, Ltd. (I)	520,000		220,041
Yageo Corp. (I)	3,548,000		1,140,946
Yang Ming Marine Transport Corp. (I)	786,500		360,591
YC INOX Company, Ltd.	187,000		104,864
Yem Chio Company, Ltd.	156,273		102,397
YFY, Inc.	1,678,202		839,476
Yi Jinn Industrial Company, Ltd. (I)	301,996		74,508
Yieh Phui Enterprise Company, Ltd.	1,775,363		515,530
Young Fast Optoelectronics Company, Ltd.	103,000		199,729
Yuanta Financial Holdings Company, Ltd.	7,417,705		3,761,731
Yufo Electronics Company, Ltd.	12,000		8,887
Yulon Motor Company, Ltd.	503,000		897,890
Yung Chi Paint & Varnish
Manufacturing Company, Ltd.	63,787		153,328
Zenitron Corp.	150,000		93,595
Zig Sheng Industrial Company, Ltd.	349,414		111,445
Zinwell Corp.	34,000		27,697

			150,669,821
Thailand - 3.8%
A.J. Plast PCL	117,500		54,567
AAPICO Hitech PCL	144,720		128,486
Asia Plus Securities PCL	976,600		132,059

132

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Thailand (continued)
Bangchak Petroleum PCL	805,100	$	989,708
Bangkok Aviation Fuel Services PCL	108,671		92,399
Bangkok Bank PCL (L)	1,038,900		7,893,163
Bangkok Bank PCL, Foreign Shares	145,000		1,121,208
Bangkok Expressway PCL	565,700		767,853
Bangkok Insurance PCL	3,250		42,283
Bangkokland PCL	9,510,100		639,744
Bank of Ayudhya PCL	2,762,100		3,306,399
CalComp Electronics Thailand PCL	1,880,300		234,997
Delta Electronics Thailand PCL	268,300		336,692
Eastern Water Resources Development &
Management PCL	275,500		141,113
Esso Thailand PCL	1,090,000		349,872
G J Steel PCL (I)	58,717,750		240,605
G Steel PCL (I)	3,947,700		51,225
Golden Land Property Development PCL (I)	37,000		15,793
Hana Microelectronics PCL	328,800		283,497
IRPC PCL	9,283,000		1,236,254
Italian-Thai Development PCL (I)	764,900		189,364
KGI Securities Thailand PCL	566,200		65,349
Kiatnakin Bank PCL	434,200		985,976
Krung Thai Bank PCL	6,209,500		5,258,515
Krungthai Card PCL	134,500		179,119
Loxley PCL	70,350		16,576
MBK PCL	46,300		280,630
Padaeng Industry PCL (I)	166,300		80,637
Polyplex PCL	266,900		114,835
Pranda Jewelry PCL	214,300		76,104
Precious Shipping PCL	577,100		350,773
PTT Global Chemical PCL	2,063,100		4,896,208
PTT PCL	202,800		2,243,715
Quality House PCL	3,590,167		532,058
Regional Container Lines PCL (I)	582,300		143,164
Rojana Industrial Park PCL	29,800		11,906
Saha-Union PCL	204,000		303,022
Sahaviriya Steel Industries PCL (I)	8,662,200		171,558
Sansiri PCL	204,532		33,245
SC Asset Corp. PCL	336,400		373,331
Sri Trang Agro-Industry PCL	518,700		285,165
Tata Steel Thailand PCL (I)	5,227,800		182,085
Thai Airways International PCL	885,300		808,666
Thai Carbon Black PCL	44,000		42,821
Thai Oil PCL	600,900		1,313,218
Thai Stanley Electric PCL	700		5,737
Thaicom PCL	758,200		912,636
Thanachart Capital PCL	811,900		1,240,653
Thoresen Thai Agencies PCL (I)	612,724		372,426
TMB Bank PCL	15,334,300		1,340,475
TPI Polene PCL	1,302,600		693,890
Vanachai Group PCL	940,600		124,621
Vinythai PCL	56,200		34,735

			41,721,130
Turkey - 2.6%
Adana Cimento Sanayii TAS, Class A	20,346		45,872
Akenerji Elektrik Uretim AS (I)	150,806		147,511
Aksa Akrilik Kimya Sanayi AS	170,085		463,610
Alarko Holding AS	100,330		319,369
Albaraka Turk Katilim Bankasi AS (I)	47,374		51,103
Anadolu Anonim Tuerk Sigorta Sirketi (I)	360,610		249,258
Anadolu Cam Sanayii AS (I)	69,379		109,321
Asya Katilim Bankasi AS (I)	371,165		490,531
Aygaz AS	112,944		674,100
Baticim Bati Anadolu Cimento Sanayii AS	3,127		13,548


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Turkey (continued)
Bolu Cimento Sanayii AS	117,979	$	119,972
Borusan Mannesmann Boru Sanayi ve
Ticaret AS	14,559		283,427
Cemtas Celik Makina Sanayi Ticaret AS (I)	98,165		61,305
Cimsa Cimento Sanayi VE Tica	62,677		386,189
Deva Holding AS (I)	21,812		27,634
Dogan Sirketler Grubu Holdings AS (I)	1,464,692		866,581
Dogus Otomotiv Servis ve Ticaret AS	6,235		39,144
Eczacibasi Yatirim Holding Ortakligi AS	27,948		114,339
EGE Seramik Sanayi ve Ticaret AS	31,602		40,160
EIS Eczacibasi Ilac ve Sinai ve Finansal
Yatirimlar Sanayi ve Ticaret AS	268,690		381,991
Eregli Demir ve Celik Fabrikalari TAS	1,034,264		1,343,131
Gentas Genel Metal Sanayi ve Ticaret AS	70,980		52,575
Global Yatirim Holding AS (I)	380,889		391,831
Goldas Kuyumculuk Sanayi Ithalat ve
Ihracat AS (I)	54,846		6,678
GSD Holding AS (I)	418,949		247,696
Gunes Sigorta (I)	14,161		18,638
Hurriyet Gazetecilik AS (I)	291,507		146,688
Ihlas Holding AS (I)	481,506		221,030
Is Finansal Kiralama AS (I)	84,158		46,508
Kardemir Karabuk Demir Celik Sanayi ve
Ticaret AS, Class A (I)	371,286		332,550
Kardemir Karabuk Demir Celik Sanayi ve
Ticaret AS, Class B (I)	51,079		74,267
Kardemir Karabuk Demir Celik Sanayi ve
Ticaret AS, Class D	356,875		319,388
KOC Holdings AS	717,392		4,164,646
Kordsa Global Endustriyel Iplik ve Kord Bezi
Sanayi ve Ticaret AS	124,048		279,690
Marti Otel Isletmeleri AS (I)	100,968		43,537
Menderes Tekstil Sanayi ve Ticaret AS (I)	171,704		51,275
Metro Ticari ve Mali Yatirimlar
Holding AS (I)	49,860		13,225
Net Turizm Ticaret ve Sanayi AS (I)	196,638		92,406
Parsan Makina Parcalari (I)	48,236		93,880
Petkim Petrokimya Holding AS (I)(L)	389,715		671,772
Pinar Entegre Et ve Un Sanayi AS	36,324		140,563
Polyester Sanayi AS (I)(L)	105,156		68,568
Sarkuysan Elektrolitik Bakir Sanayi ve
Ticaret AS	168,256		262,318
Sekerbank TAS (I)	472,361		561,517
Selcuk Ecza Deposu Ticaret ve Sanayi AS	50,128		61,287
Soda Sanayii AS (I)	22,635		30,773
Tekfen Holding AS	210,781		904,444
Tekstil Bankasi AS (I)	84,007		62,253
Trakya Cam Sanayi AS (I)	420,130		656,875
Turcas Petrol AS	47,466		97,133
Turk Hava Yollari (I)	628,584		2,573,886
Turkiye Is Bankasi, Class C	993,689		3,780,122
Turkiye Sinai Kalkinma Bankasi AS	691,828		952,390
Turkiye Sise ve Cam Fabrikalari AS	723,387		1,227,182
Turkiye Vakiflar Bankasi Tao, Class D	1,023,771		3,283,240
Uzel Makina Sanayii AS (I)	22,930		0
Vestel Elektronik Sanayi ve Tracaret AS (I)	118,623		131,848
Yapi ve Kredi Bankasi AS	360,334		1,115,068

			29,405,843

TOTAL COMMON STOCKS (Cost $1,032,296,049)		$	1,090,643,124


PREFERRED SECURITIES - 1.7%
Brazil - 1.7%
Banco ABC Brasil SA	102,512		828,416

133

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Emerging Markets Value Trust (continued)
		Shares or
		Principal
		Amount		Value



PREFERRED SECURITIES (continued)
Brazil (continued)
Banco Daycoval SA		88,000	$	526,498
Banco Industrial e Comercial SA		155,800		454,891
Banco Panamericano SA		64,100		221,729
Banco Pine SA		34,254		242,062
Banco Sofisa SA		83,500		171,070
Bardella SA Industrias Mecanicas		916		32,637
Braskem SA, A Shares		83,800		562,330
Cia Ferro Ligas da Bahia - Ferbasa		119,324		696,192
Eucatex SA Industria e Comercio		45,078		201,883
Forjas Taurus SA		45,805		68,229
Gerdau SA		444,000		3,401,272
Inepar SA Industria e Construcoes (I)		152,248		113,013
Parana Banco SA		21,400		149,533
Petroleo Brasileiro SA		492,606		4,480,563
Suzano Papel e Celulose SA		379,300		1,443,433
Unipar Participacoes SA		773,200		225,752
Usinas Siderurgicas de Minas Gerais SA		920,837		4,916,903

				18,736,406
Colombia - 0.0%
Grupo de Inversiones Suramericana SA		24,270		520,918

TOTAL PREFERRED SECURITIES (Cost $23,917,572)			$	19,257,324


CORPORATE BONDS - 0.0%
Malaysia - 0.0%
K&N Kenanga Holdings BHD
5.000%, 12/13/2013	$	31,253	$	6

TOTAL CORPORATE BONDS (Cost $17)			$	6


RIGHTS - 0.0%
Alok Industries, Ltd. (Expiration Date:
04/27/2013; Strike Price: INR 10) (I)		379,051		0
Doosan Engineering & Construction
Company, Ltd. (Expiration Date:
04/15/2013; Strike Price: KRW 2,700) (I)		31,416		3,530
Li Ning Company, Ltd. (Expiration Date:
04/15/2013; Strike Price HKD 3.5) (I)		12,000		1,654
Polimex-Mostostal SA (Strike Price:
PLN 0.52) (I)(N)		283,029		0
Solargiga Energy Holdings, Ltd. (Strike Price:
HKD 0.51) (I)(N)		70,800		0

TOTAL RIGHTS (Cost $0)			$	5,184


WARRANTS - 0.0%
G J Steel PCL (Expiration Date: 02/07/2020;
Strike: THB 0.15) (I)	3,523,065			48,121
Loxley PCL (Expiration
Date: 04/21/2016) (I)(N)		837		50
Mah Sing Group BHD (Expiration Date:
03/18/2018; Strike Price: MYR 2.38) (I)		24,319		3,691
Thoresen Thai Agencies PCL (Expiration
Date: 09/12/2015; Strike Price:
THB 17.00) (I)		87,532		21,222

TOTAL WARRANTS (Cost $0)			$	73,084


Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value


SECURITIES LENDING COLLATERAL - 8.4%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)	9,306,842		93,149,394

TOTAL SECURITIES LENDING
COLLATERAL (Cost $93,147,665)		$	93,149,394

Total Investments (Emerging Markets Value Trust)
(Cost $1,149,361,303) - 108.0%		$	1,203,128,116
Other assets and liabilities, net - (8.0%)			(89,543,285)

TOTAL NET ASSETS - 100.0%		$	1,113,584,831




Equity-Income Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 94.1%
Consumer Discretionary - 10.9%
Auto Components - 0.5%
Johnson Controls, Inc.	320,100	$	11,225,906
Automobiles - 0.5%
Ford Motor Company	812,500		10,684,375
Distributors - 0.6%
Genuine Parts Company (L)	159,200		12,417,600
Hotels, Restaurants & Leisure - 0.5%
Carnival Corp.	280,400		9,617,720
Household Durables - 0.2%
Whirlpool Corp.	36,300		4,300,098
Leisure Equipment & Products - 1.5%
Hasbro, Inc. (L)	181,500		7,975,110
Mattel, Inc.	527,575		23,102,509

			31,077,619
Media - 4.8%
Cablevision Systems Corp., Class A (L)	544,500		8,145,720
Comcast Corp., Class A	260,200		10,931,002
The Madison Square Garden, Inc., Class A (I)	169,800		9,780,480
The McGraw-Hill Companies, Inc.	326,900		17,024,952
The New York Times Company, Class A (I)(L)	542,200		5,313,560
The Walt Disney Company	315,100		17,897,680
Time Warner, Inc.	455,400		26,240,148
WPP PLC	356,851		5,707,720

			101,041,262
Multiline Retail - 1.6%
Kohl’s Corp. (L)	467,400		21,561,162
Macy’s, Inc.	297,400		12,443,216

			34,004,378
Specialty Retail - 0.7%
Staples, Inc. (L)	1,035,100		13,901,393
Tiffany & Company (L)	21,200		1,474,248

			15,375,641

			229,744,599
Consumer Staples - 5.6%
Beverages - 0.9%
PepsiCo, Inc.	239,300		18,931,023
Food Products - 2.4%
Archer-Daniels-Midland Company	592,000		19,968,160
Campbell Soup Company (L)	473,800		21,491,568

134

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Equity-Income Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Food Products (continued)
McCormick & Company, Inc., Non-
Voting Shares (L)	142,900	$	10,510,295

			51,970,023
Household Products - 1.5%
Energizer Holdings, Inc. (L)	85,600		8,536,888
The Clorox Company (L)	258,700		22,902,711

			31,439,599
Personal Products - 0.8%
Avon Products, Inc.	816,500		16,926,045

			119,266,690
Energy - 14.0%
Energy Equipment & Services - 1.7%
Diamond Offshore Drilling, Inc. (L)	221,900		15,435,364
Schlumberger, Ltd.	264,300		19,793,427

			35,228,791
Oil, Gas & Consumable Fuels - 12.3%
Anadarko Petroleum Corp.	254,000		22,212,300
Apache Corp.	384,800		29,691,168
BP PLC, ADR	260,775		11,043,821
Chevron Corp.	428,500		50,914,370
ConocoPhillips	133,000		7,993,300
CONSOL Energy, Inc. (L)	427,400		14,382,010
Exxon Mobil Corp.	484,300		43,640,273
Hess Corp.	322,700		23,108,547
Murphy Oil Corp.	368,300		23,471,759
Petroleo Brasileiro SA, ADR	259,600		4,301,572
Royal Dutch Shell PLC, ADR	464,700		30,279,852

			261,038,972

			296,267,763
Financials - 19.8%
Capital Markets - 2.3%
Legg Mason, Inc. (L)	512,502		16,476,939
Northern Trust Corp.	359,400		19,608,864
The Bank of New York Mellon Corp.	447,200		12,517,128

			48,602,931
Commercial Banks - 5.8%
PNC Financial Services Group, Inc.	399,300		26,553,450
Regions Financial Corp.	888,300		7,275,177
SunTrust Banks, Inc.	608,200		17,522,242
U.S. Bancorp	977,800		33,176,754
Wells Fargo & Company	1,063,800		39,349,962

			123,877,585
Consumer Finance - 2.7%
American Express Company	414,500		27,962,170
Capital One Financial Corp.	230,175		12,648,116
SLM Corp.	809,100		16,570,368

			57,180,654
Diversified Financial Services - 3.8%
Bank of America Corp.	2,113,793		25,745,999
JPMorgan Chase & Company	1,148,575		54,511,370

			80,257,369
Insurance - 4.4%
Lincoln National Corp. (L)	362,200		11,811,342
Loews Corp.	154,400		6,804,408
Marsh & McLennan Companies, Inc.	608,800		23,116,136
Sun Life Financial, Inc. (L)	270,000		7,368,300


Equity-Income Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Insurance (continued)
The Allstate Corp.	504,600	$	24,760,722
The Chubb Corp.	117,100		10,249,763
Willis Group Holdings PLC	234,100		9,244,609

			93,355,280
Real Estate Investment Trusts - 0.8%
Weyerhaeuser Company	521,700		16,370,946

			419,644,765
Health Care - 7.0%
Health Care Providers & Services - 0.5%
Quest Diagnostics, Inc. (L)	179,100		10,110,195
Life Sciences Tools & Services - 1.6%
Agilent Technologies, Inc.	165,400		6,941,838
Thermo Fisher Scientific, Inc.	359,300		27,482,857

			34,424,695
Pharmaceuticals - 4.9%
Bristol-Myers Squibb Company	468,425		19,294,426
Hospira, Inc. (I)	68,100		2,235,723
Johnson & Johnson	370,000		30,166,100
Merck & Company, Inc.	534,550		23,643,147
Pfizer, Inc.	981,335		28,321,328

			103,660,724

			148,195,614
Industrials - 13.7%
Aerospace & Defense - 2.5%
Honeywell International, Inc.	336,100		25,325,135
Lockheed Martin Corp.	95,800		9,246,616
The Boeing Company	216,000		18,543,600

			53,115,351
Air Freight & Logistics - 1.0%
United Parcel Service, Inc., Class B	250,200		21,492,180
Airlines - 0.9%
United Continental Holdings, Inc. (I)(L)	599,000		19,173,990
Building Products - 0.9%
Masco Corp.	576,800		11,680,200
USG Corp. (I)(L)	248,700		6,575,628

			18,255,828
Electrical Equipment - 1.6%
Eaton Corp. PLC	175,904		10,774,120
Emerson Electric Company (L)	406,300		22,699,981

			33,474,101
Industrial Conglomerates - 4.0%
3M Company	263,500		28,012,685
General Electric Company	2,498,700		57,769,944

			85,782,629
Machinery - 1.6%
Illinois Tool Works, Inc.	402,400		24,522,256
Ingersoll-Rand PLC	39,900		2,194,899
Joy Global, Inc.	59,900		3,565,248
Xylem, Inc.	159,548		4,397,143

			34,679,546
Road & Rail - 1.2%
Norfolk Southern Corp.	322,700		24,873,716

			290,847,341

135

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Equity-Income Trust (continued)
	Shares or
	Principal
	Amount		Value

COMMON STOCKS (continued)
Information Technology - 8.9%
Communications Equipment - 1.8%
Cisco Systems, Inc.	832,000	$	17,397,120
Harris Corp.	362,200		16,784,348
Nokia OYJ, ADR (L)	1,127,600		3,698,528

			37,879,996
Computers & Peripherals - 1.9%
Apple, Inc.	24,200		10,711,646
Dell, Inc.	1,331,100		19,074,663
Hewlett-Packard Company	433,300		10,329,872

			40,116,181
Electronic Equipment, Instruments & Components - 0.8%
Corning, Inc.	1,191,700		15,885,361
IT Services - 1.0%
Computer Sciences Corp.	317,724		15,641,553
The Western Union Company (L)	396,700		5,966,368

			21,607,921
Semiconductors & Semiconductor Equipment - 2.0%
Analog Devices, Inc.	330,200		15,350,998
Applied Materials, Inc.	1,025,200		13,819,696
Texas Instruments, Inc.	384,200		13,631,416

			42,802,110
Software - 1.4%
CA, Inc.	186,900		4,704,273
Microsoft Corp.	879,025		25,148,905

			29,853,178

			188,144,747
Materials - 4.6%
Chemicals - 0.5%
E.I. du Pont de Nemours & Company	203,700		10,013,892
Construction Materials - 0.7%
Vulcan Materials Company (L)	282,600		14,610,420
Containers & Packaging - 0.5%
MeadWestvaco Corp.	324,000		11,761,200
Metals & Mining - 1.4%
Cliffs Natural Resources, Inc. (L)	172,700		3,283,027
Newmont Mining Corp.	203,700		8,532,993
Nucor Corp.	400,000		18,460,000

			30,276,020
Paper & Forest Products - 1.5%
International Paper Company	674,000		31,394,920

			98,056,452
Telecommunication Services - 3.8%
Diversified Telecommunication Services - 3.5%
AT&T, Inc.	987,649		36,236,842
CenturyLink, Inc. (L)	305,717		10,739,838
Telefonica SA	426,879		5,770,092
Verizon Communications, Inc.	419,900		20,638,085

			73,384,857
Wireless Telecommunication Services - 0.3%
Vodafone Group PLC	2,548,192		7,232,658

			80,617,515
Utilities - 5.8%
Electric Utilities - 4.2%
Duke Energy Corp.	393,819		28,587,321


Equity-Income Trust (continued)
	Shares or
	Principal
	Amount		Value

COMMON STOCKS (continued)
Electric Utilities (continued)
Entergy Corp.	307,800	$	19,465,272
Exelon Corp.	562,600		19,398,448
FirstEnergy Corp.	180,500		7,617,100
Xcel Energy, Inc.	477,500		14,181,750

			89,249,891
Independent Power Producers & Energy Traders - 0.3%
AES Corp.	570,400		7,169,928
Multi-Utilities - 1.3%
NiSource, Inc.	779,600		22,873,464
TECO Energy, Inc. (L)	195,900		3,490,938

			26,364,402

			122,784,221

TOTAL COMMON STOCKS (Cost $1,472,321,629)		$	1,993,569,707

PREFERRED SECURITIES - 0.5%
Consumer Discretionary - 0.5%
General Motors Company, Series B, 4.750%	278,400		11,954,496

TOTAL PREFERRED SECURITIES (Cost $13,851,919)		$	11,954,496

SECURITIES LENDING COLLATERAL - 6.8%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)	14,354,606		143,670,945

TOTAL SECURITIES LENDING
COLLATERAL (Cost $143,666,220)		$	143,670,945

SHORT-TERM INVESTMENTS - 5.4%
Money Market Funds - 5.4%
State Street Institutional U.S. Government
Money Market Fund, 0.0241% (Y)	1,865,050		1,865,050
T. Rowe Price Reserve Investment
Fund, 0.0959% (Y)	111,812,068		111,812,068

			113,677,118

TOTAL SHORT-TERM INVESTMENTS (Cost $113,677,118)		$	113,677,118

Total Investments (Equity-Income Trust)
(Cost $1,743,516,886) - 106.8%		$	2,262,872,266
Other assets and liabilities, net - (6.8%)			(144,945,241)

TOTAL NET ASSETS - 100.0%		$	2,117,927,025




Financial Services Trust
	Shares or
	Principal
	Amount		Value

COMMON STOCKS - 95.1%
Consumer Discretionary - 1.4%
Specialty Retail - 1.4%
Bed Bath & Beyond, Inc. (I)	34,410	$	2,216,692
Consumer Staples - 2.9%
Food & Staples Retailing - 2.9%
CVS Caremark Corp.	83,500		4,591,665
Energy - 3.0%
Oil, Gas & Consumable Fuels - 3.0%
Canadian Natural Resources, Ltd.	149,120		4,791,226

136

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Financial Services Trust (continued)
		Shares or
		Principal
		Amount		Value

COMMON STOCKS (continued)
Financials - 79.9%
Capital Markets - 20.2%
Ameriprise Financial, Inc.		31,986	$	2,355,769
Julius Baer Group, Ltd. (I)		191,194		7,448,059
Oaktree Capital Group LLC		156,850		8,002,487
The Bank of New York Mellon Corp.		315,586		8,833,252
The Charles Schwab Corp.		27,502		486,510
The Goldman Sachs Group, Inc.		34,148		5,024,878

				32,150,955
Commercial Banks - 14.6%
ICICI Bank, Ltd., ADR		34,573		1,483,182
SKBHC Holdings LLC (I)		432		2,388,605
State Bank of India, GDR		99,569		8,312,562
U.S. Bancorp		23,229		788,160
Wells Fargo & Company		275,881		10,204,838

				23,177,347
Consumer Finance - 11.1%
American Express Company		255,968		17,267,601
The First Marblehead Corp. (I)(L)		410,168		414,270

				17,681,871
Diversified Financial Services - 0.3%
Bank of America Corp.		36,055		439,150
Insurance - 29.6%
Alleghany Corp. (I)		19,919		7,886,330
American International Group, Inc. (I)		183,700		7,131,234
Everest Re Group, Ltd. (L)		54,438		7,069,319
Loews Corp.		199,875		8,808,491
Markel Corp. (I)(L)		18,474		9,301,659
The Progressive Corp.		275,420		6,959,863

				47,156,896
Real Estate Management & Development - 4.1%
Brookfield Asset Management, Inc., Class A		180,090		6,571,484

				127,177,703
Information Technology - 7.9%
Internet Software & Services - 2.4%
Google, Inc., Class A (I)		4,800		3,811,344
IT Services - 5.5%
Cielo SA		67,128		1,975,223
Visa, Inc., Class A		40,153		6,819,586

				8,794,809

				12,606,153

TOTAL COMMON STOCKS (Cost $123,972,427)			$	151,383,439


SECURITIES LENDING COLLATERAL - 5.4%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		863,247		8,639,982

TOTAL SECURITIES LENDING
COLLATERAL (Cost $8,639,886)			$	8,639,982


SHORT-TERM INVESTMENTS - 4.9%
Commercial Paper - 4.9%
Sumitomo Mitsui Banking Corp. 0.149%,
04/03/2013 *	$	1,000,000	$	999,992
Bank of Tokyo-Mitsubishi UFJ, Ltd. 0.159%,
04/01/2013 *		1,000,000		1,000,000
Bank of Nova Scotia
0.079%, 04/01/2013 *		4,774,000		4,774,000


Financial Services Trust (continued)
		Shares or
		Principal
		Amount		Value


SHORT-TERM INVESTMENTS (continued)
Commercial Paper (continued)
Bank of Nova Scotia (continued)
0.120%, 04/01/2013 *	$	1,000,000	$	1,000,000

				7,773,992

TOTAL SHORT-TERM INVESTMENTS (Cost $7,773,992)			$	7,773,992

Total Investments (Financial Services Trust)
(Cost $140,386,305) - 105.4%			$	167,797,413
Other assets and liabilities, net - (5.4%)				(8,547,779)

TOTAL NET ASSETS - 100.0%			$	159,249,634



Franklin Templeton Founding Allocation Trust
		Shares or
		Principal
		Amount		Value


INVESTMENT COMPANIES - 100.0%
Affiliated Investment Companies (G) - 100.0%
John Hancock Variable Insurance Trust - 100.0%
Equity - 66.5%
Global, Series NAV (Franklin)	25,563,627		$	429,468,936
Mutual Shares, Series NAV (Franklin)	36,363,165			434,539,819
Fixed Income - 33.5%
Income, Series NAV (Franklin)	37,896,268			434,670,193

				1,298,678,948

TOTAL INVESTMENT COMPANIES (Cost $1,167,752,411)			$	1,298,678,948

Total Investments (Franklin Templeton Founding Allocation
Trust) (Cost $1,167,752,411) - 100.0%			$	1,298,678,948
Other assets and liabilities, net - 0.0%				(30,424)

TOTAL NET ASSETS - 100.0%			$	1,298,648,524


Fundamental All Cap Core Trust
		Shares or
		Principal
		Amount		Value


COMMON STOCKS - 98.7%
Consumer Discretionary - 18.8%
Hotels, Restaurants & Leisure - 3.1%
Carnival Corp.		815,934	$	27,986,536
Starbucks Corp.	281,459			16,031,905

				44,018,441
Household Durables - 1.2%
Lennar Corp., Class A	423,213			17,554,875
Internet & Catalog Retail - 8.9%
Amazon.com, Inc. (I)	392,592			104,621,842
Blue Nile, Inc. (I)(V)	649,045			22,359,600

				126,981,442
Media - 1.8%
Corus Entertainment, Inc.	572,163			14,734,246
Omnicom Group, Inc.	204,563			12,048,761

				26,783,007
Specialty Retail - 3.8%
Bed Bath & Beyond, Inc. (I)	236,306			15,222,833

137

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Fundamental All Cap Core Trust (continued)
	Shares or
	Principal
	Amount		Value

COMMON STOCKS (continued)
Specialty Retail (continued)
Lowe’s Companies, Inc.	1,035,055	$	39,249,286

			54,472,119

			269,809,884
Consumer Staples - 5.5%
Beverages - 4.0%
Diageo PLC, ADR	118,134		14,865,983
SABMiller PLC	335,314		17,659,524
Tsingtao Brewery Company, Ltd., H Shares	3,781,254		24,013,753

			56,539,260
Personal Products - 1.5%
Avon Products, Inc.	1,061,444		22,003,734

			78,542,994
Energy - 6.9%
Energy Equipment & Services - 1.9%
National Oilwell Varco, Inc.	176,507		12,487,870
Schlumberger, Ltd.	199,314		14,926,625

			27,414,495
Oil, Gas & Consumable Fuels - 5.0%
Apache Corp.	424,505		32,754,806
Occidental Petroleum Corp.	296,781		23,258,727
Ultra Petroleum Corp. (I)	756,711		15,209,891

			71,223,424

			98,637,919
Financials - 25.9%
Capital Markets - 15.6%
AllianceBernstein Holding LP	2,194,456		48,058,586
Morgan Stanley	1,745,227		38,360,089
Northern Trust Corp.	484,027		26,408,513
State Street Corp.	248,940		14,709,865
T. Rowe Price Group, Inc.	486,032		36,389,216
The Goldman Sachs Group, Inc.	399,592		58,799,963

			222,726,232
Diversified Financial Services - 9.3%
Bank of America Corp.	5,336,514		64,998,741
JPMorgan Chase & Company	1,425,480		67,653,281

			132,652,022
Insurance - 1.0%
Prudential Financial, Inc.	253,509		14,954,496

			370,332,750
Health Care - 4.6%
Health Care Equipment & Supplies - 0.3%
Medtronic, Inc.	78,334		3,678,565
Health Care Providers & Services - 4.3%
AMN Healthcare Services, Inc. (I)(V)	2,409,698		38,145,519
Amsurg Corp. (I)	116,420		3,916,369
VCA Antech, Inc. (I)	846,774		19,890,721

			61,952,609

			65,631,174
Industrials - 8.7%
Aerospace & Defense - 1.0%
L-3 Communications Holdings, Inc.	175,613		14,210,604
Commercial Services & Supplies - 4.5%
Avery Dennison Corp.	1,487,673		64,074,076


Fundamental All Cap Core Trust (continued)
		Shares or
		Principal
		Amount		Value

COMMON STOCKS (continued)
Electrical Equipment - 3.1%
Sensata Technologies Holding NV (I)	1,355,736		$	44,563,042
Professional Services - 0.1%
Robert Half International, Inc.	53,556			2,009,957

				124,857,679
Information Technology - 28.3%
Communications Equipment - 6.7%
Cisco Systems, Inc.	849,448			17,761,958
QUALCOMM, Inc.	1,171,130			78,407,154

				96,169,112
Computers & Peripherals - 9.0%
Apple, Inc.	185,928			82,297,311
EMC Corp. (I)	728,379			17,400,974
NetApp, Inc. (I)	840,972			28,727,604

				128,425,889
Internet Software & Services - 5.0%
Bankrate, Inc. (I)	1,788,411			21,353,625
Google, Inc., Class A (I)	31,444			24,967,479
VistaPrint NV (I)	647,977			25,050,791

				71,371,895
IT Services - 4.1%
Broadridge Financial Solutions, Inc.	1,213,196			30,135,789
VeriFone Systems, Inc. (I)	1,386,591			28,674,702

				58,810,491
Software - 3.5%
FactSet Research Systems, Inc.	538,310			49,847,506

				404,624,893

TOTAL COMMON STOCKS (Cost $1,229,214,221)			$	1,412,437,293

SHORT-TERM INVESTMENTS - 1.2%
Repurchase Agreement - 1.2%
Repurchase Agreement with State Street Corp.
dated 03/28/2013 at 0.010% to be
repurchased at $17,034,019 on 4/01/2013
collateralized by $17,385,000 U.S. Treasury
Bills 0.010% due 09/26/2013 (valued at
$17,376,308 including interest)	$	17,034,000	$	17,034,000

TOTAL SHORT-TERM INVESTMENTS (Cost $17,034,000)			$	17,034,000

Total Investments (Fundamental All Cap Core Trust)
(Cost $1,246,248,221) - 99.9%			$	1,429,471,293
Other assets and liabilities, net - 0.1%				1,118,983

TOTAL NET ASSETS - 100.0%			$	1,430,590,276



Fundamental Holdings Trust
		Shares or
		Principal
		Amount		Value

INVESTMENT COMPANIES - 100.0%
Affiliated Investment Companies (G) - 38.9%
John Hancock Variable Insurance Trust - 38.9%
Fixed Income - 38.9%
Bond Trust, Series NAV (John Hancock) (A)(1)	30,058,686		$	422,023,944

138

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Fundamental Holdings Trust (continued)
	Shares or
	Principal
	Amount		Value


INVESTMENT COMPANIES (continued)
American Funds Insurance Series - 61.1%
Equity - 61.1%
American Growth Fund - Class 1	3,979,110	$	259,159,439
American Growth-Income Fund - Class 1	6,173,515		259,225,877
American International Fund - Class 1	7,852,523		144,407,892

TOTAL INVESTMENT COMPANIES (Cost $832,567,641)		$	1,084,817,152

Total Investments (Fundamental Holdings Trust)
(Cost $832,567,641) - 100.0%		$	1,084,817,152
Other assets and liabilities, net - 0.0%			(15,497)

TOTAL NET ASSETS - 100.0%		$	1,084,801,655



Fundamental Large Cap Value Trust
	Shares or
	Principal
	Amount		Value

COMMON STOCKS - 98.5%
Consumer Discretionary - 12.2%
Hotels, Restaurants & Leisure - 1.0%
Carnival Corp.	167,765	$	5,754,340
Household Durables - 3.7%
Dorel Industries, Inc., Class B	172,448		6,951,563
Lennar Corp., Class A	170,022		7,052,513
Tempur-Pedic International, Inc. (I)	145,796		7,235,855

			21,239,931
Media - 1.6%
Omnicom Group, Inc.	148,980		8,774,922
Specialty Retail - 4.4%
Lowe’s Companies, Inc.	655,306		24,849,204
Textiles, Apparel & Luxury Goods - 1.5%
Adidas AG	84,486		8,772,426

			69,390,823
Consumer Staples - 11.8%
Beverages - 6.4%
Diageo PLC, ADR	92,294		11,614,277
PepsiCo, Inc.	160,886		12,727,691
SABMiller PLC (I)	234,713		12,361,309

			36,703,277
Food Products - 1.0%
Danone SA	82,889		5,775,229
Household Products - 1.6%
The Procter & Gamble Company	117,453		9,050,928
Personal Products - 2.0%
Avon Products, Inc.	548,982		11,380,397
Tobacco - 0.8%
Philip Morris International, Inc.	46,679		4,327,610

			67,237,441
Energy - 10.6%
Energy Equipment & Services - 1.2%
National Oilwell Varco, Inc.	95,193		6,734,905
Oil, Gas & Consumable Fuels - 9.4%
Apache Corp.	204,607		15,787,476
Chevron Corp.	97,056		11,532,194
Exxon Mobil Corp.	66,886		6,027,097


Fundamental Large Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value

COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels (continued)
Occidental Petroleum Corp.	185,706	$	14,553,779
Southwestern Energy Company (I)	163,227		6,081,838

			53,982,384

			60,717,289
Financials - 29.0%
Capital Markets - 14.7%
AllianceBernstein Holding LP	823,839		18,042,074
Morgan Stanley	645,954		14,198,069
Northern Trust Corp.	299,546		16,343,230
State Street Corp.	215,991		12,762,908
The Goldman Sachs Group, Inc.	153,054		22,521,896

			83,868,177
Commercial Banks - 3.1%
Wells Fargo & Company	482,543		17,849,266
Diversified Financial Services - 8.2%
Bank of America Corp.	1,699,006		20,693,893
JPMorgan Chase & Company	550,805		26,141,205

			46,835,098
Insurance - 3.0%
Prudential Financial, Inc.	96,690		5,703,743
Stewart Information Services Corp.	434,640		11,070,281

			16,774,024

			165,326,565
Health Care - 9.8%
Biotechnology - 1.0%
Amgen, Inc.	59,203		6,068,900
Health Care Equipment & Supplies - 2.0%
Medtronic, Inc.	240,173		11,278,524
Health Care Providers & Services - 2.1%
Amsurg Corp. (I)	85,796		2,886,177
VCA Antech, Inc. (I)	385,679		9,059,600

			11,945,777
Pharmaceuticals - 4.7%
Merck & Company, Inc.	334,313		14,786,664
Novartis AG, ADR	169,009		12,040,201

			26,826,865

			56,120,066
Industrials - 12.4%
Air Freight & Logistics - 1.9%
FedEx Corp.	105,960		10,405,272
Commercial Services & Supplies - 3.5%
Avery Dennison Corp.	466,464		20,090,604
Electrical Equipment - 1.9%
Sensata Technologies Holding NV (I)	333,475		10,961,323
Industrial Conglomerates - 2.4%
General Electric Company	589,148		13,621,102
Machinery - 1.4%
Deere & Company	93,982		8,080,572
Professional Services - 1.3%
Robert Half International, Inc.	200,258		7,515,683

			70,674,556
Information Technology - 12.7%
Communications Equipment - 6.0%
Cisco Systems, Inc.	1,047,204		21,897,036

139

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Fundamental Large Cap Value Trust (continued)
		Shares or
		Principal
		Amount		Value


COMMON STOCKS (continued)
Communications Equipment (continued)
QUALCOMM, Inc.	187,512		$	12,553,928

				34,450,964
Computers & Peripherals - 1.5%
Apple, Inc.	19,478			8,621,547
IT Services - 1.7%
Broadridge Financial Solutions, Inc.	393,293			9,769,398
Semiconductors & Semiconductor Equipment - 2.2%
Intel Corp.	573,374			12,528,222
Software - 1.3%
Microsoft Corp.	257,031			7,353,657

				72,723,788

TOTAL COMMON STOCKS (Cost $469,645,351)			$	562,190,528


SHORT-TERM INVESTMENTS - 1.7%
Repurchase Agreement - 1.7%
Repurchase Agreement with State Street Corp.
dated 03/28/2013 at 0.010% to be
repurchased at $9,848,011on 04/01/2013,
collateralized by $10,050,000, U.S. Treasury
Bills, 0.010% due 09/26/2013-10/17/2013
(valued at $10,044,975,including interest) $	9,848,000		$	9,848,000

TOTAL SHORT-TERM INVESTMENTS (Cost $9,848,000)			$	9,848,000

Total Investments (Fundamental Large Cap Value Trust)
(Cost $479,493,351) - 100.2%			$	572,038,528
Other assets and liabilities, net - (0.2%)				(999,620)

TOTAL NET ASSETS - 100.0%			$	571,038,908




Fundamental Value Trust
		Shares or
		Principal
		Amount		Value



COMMON STOCKS - 97.8%
Consumer Discretionary - 8.4%
Automobiles - 0.7%
Harley-Davidson, Inc.	203,028		$	10,821,389
Household Durables - 0.2%
Hunter Douglas NV	68,688			2,737,216
Internet & Catalog Retail - 1.2%
Groupon, Inc. (I)(L)	497,210			3,042,925
Liberty Interactive Corp., Series A (I)	425,495			9,097,083
Liberty Ventures, Series A (I)	28,616			2,162,797
Netflix, Inc. (I)	21,860			4,140,503

				18,443,308
Media - 2.3%
Grupo Televisa SAB, ADR	139,111			3,701,744
The Walt Disney Company	590,580			33,544,944

				37,246,688
Specialty Retail - 3.8%
Bed Bath & Beyond, Inc. (I)	698,178			44,976,627
CarMax, Inc. (I)	255,468			10,653,016
Tiffany & Company (L)	79,730			5,544,424

				61,174,067


Fundamental Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Textiles, Apparel & Luxury Goods - 0.2%
Cie Financiere Richemont SA, Class A	39,000	$	3,065,821

			133,488,489
Consumer Staples - 16.5%
Beverages - 4.7%
Diageo PLC, ADR	274,982		34,603,735
Heineken Holding NV	296,355		18,999,784
The Coca-Cola Company	547,760		22,151,414

			75,754,933
Food & Staples Retailing - 10.4%
Costco Wholesale Corp.	603,968		64,087,044
CVS Caremark Corp.	1,761,636		96,872,364
Sysco Corp. (L)	136,200		4,790,154

			165,749,562
Food Products - 0.4%
Nestle SA	22,680		1,640,808
Unilever NV - NY Shares	124,080		5,087,280

			6,728,088
Tobacco - 1.0%
Philip Morris International, Inc.	170,957		15,849,423

			264,082,006
Energy - 9.2%
Energy Equipment & Services - 1.3%
Schlumberger, Ltd.	128,220		9,602,396
Transocean, Ltd. (I)	204,152		10,607,738

			20,210,134
Oil, Gas & Consumable Fuels - 7.9%
Canadian Natural Resources, Ltd.	1,281,910		41,187,768
Devon Energy Corp. (L)	189,451		10,688,825
EOG Resources, Inc.	374,293		47,935,705
Occidental Petroleum Corp.	346,160		27,128,559

			126,940,857

			147,150,991
Financials - 37.5%
Capital Markets - 9.7%
Ameriprise Financial, Inc.	117,287		8,638,188
Julius Baer Group, Ltd. (I)	1,004,800		39,142,492
The Bank of New York Mellon Corp.	3,035,702		84,969,299
The Charles Schwab Corp.	694,200		12,280,398
The Goldman Sachs Group, Inc.	61,700		9,079,155

			154,109,532
Commercial Banks - 5.4%
Wells Fargo & Company	2,338,326		86,494,679
Consumer Finance - 6.0%
American Express Company	1,417,302		95,611,193
Diversified Financial Services - 0.9%
CME Group, Inc.	55,950		3,434,771
JPMorgan Chase & Company	236,408		11,219,924

			14,654,695
Insurance - 13.6%
ACE, Ltd.	154,530		13,748,534
Alleghany Corp. (I)	67,586		26,758,649
Aon PLC	52,280		3,215,220
Berkshire Hathaway, Inc. Class A (I)	406		63,449,680
Everest Re Group, Ltd.	27,630		3,588,032
Fairfax Financial Holdings, Ltd.	22,200		8,683,308

140

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Fundamental Value Trust (continued)
	Shares or
	Principal
	Amount		Value

COMMON STOCKS (continued)
Insurance (continued)
Fairfax Financial Holdings, Ltd.	8,800	$	3,436,145
Loews Corp.	1,063,737		46,878,890
Markel Corp. (I)(L)	5,723		2,881,531
The Progressive Corp.	1,786,084		45,134,343

			217,774,332
Real Estate Management & Development - 1.9%
Brookfield Asset Management, Inc., Class A	456,380		16,653,306
Hang Lung Group, Ltd.	2,503,200		14,108,669

			30,761,975

			599,406,406
Health Care - 4.2%
Health Care Providers & Services - 3.8%
Express Scripts Holding Company (I)	516,088		29,752,473
Laboratory Corp. of America Holdings (I)	160,480		14,475,296
UnitedHealth Group, Inc.	299,040		17,108,078

			61,335,847
Life Sciences Tools & Services - 0.4%
Agilent Technologies, Inc.	134,580		5,648,323

			66,984,170
Industrials - 5.0%
Commercial Services & Supplies - 1.3%
Iron Mountain, Inc.	571,049		20,734,789
Electrical Equipment - 0.6%
Emerson Electric Company	116,240		6,494,329
Schneider Electric SA	31,400		2,296,686

			8,791,015
Machinery - 0.9%
PACCAR, Inc. (L)	289,530		14,638,637
Marine - 1.0%
Kuehne & Nagel International AG	153,556		16,769,750
Transportation Infrastructure - 1.2%
China Merchants Holdings
International Company, Ltd.	5,837,736		19,236,544

			80,170,735
Information Technology - 9.9%
Computers & Peripherals - 0.5%
Hewlett-Packard Company	311,046		7,415,337
Internet Software & Services - 4.3%
Google, Inc., Class A (I)	86,500		68,683,595
IT Services - 1.0%
IBM Corp.	25,330		5,402,889
Visa, Inc., Class A	67,830		11,520,247

			16,923,136
Semiconductors & Semiconductor Equipment - 1.9%
Intel Corp.	182,170		3,980,415
Texas Instruments, Inc.	727,110		25,797,863

			29,778,278
Software - 2.2%
Activision Blizzard, Inc.	755,900		11,013,463
Microsoft Corp.	385,084		11,017,253
Oracle Corp.	408,150		13,199,571

			35,230,287

			158,030,633


Fundamental Value Trust (continued)
		Shares or
		Principal
		Amount		Value



COMMON STOCKS (continued)
Materials - 6.9%
Chemicals - 5.4%
Air Products & Chemicals, Inc.	274,720		$	23,933,606
Ecolab, Inc.	191,855			15,382,934
Monsanto Company	281,560			29,741,183
Potash Corp. of Saskatchewan, Inc.	265,498			10,420,797
Praxair, Inc.	63,913			7,128,856

				86,607,376
Construction Materials - 0.3%
Martin Marietta Materials, Inc. (L)	40,371			4,118,649
Metals & Mining - 1.2%
BHP Billiton PLC	355,520			10,322,085
Rio Tinto PLC	192,534			9,068,491

				19,390,576
Paper & Forest Products - 0.0%
Emerald Plantation Holdings, Ltd. (I)	493,800			229,617

				110,346,218
Telecommunication Services - 0.2%
Wireless Telecommunication Services - 0.2%
America Movil SAB de CV,
Series L, ADR (L)	124,400			2,607,424

TOTAL COMMON STOCKS (Cost $1,126,797,186)			$	1,562,267,072


CONVERTIBLE BONDS - 0.0%
Materials - 0.0%
Emerald Plantation Holdings, Ltd.
6.000%, 01/30/2020	$	533,838	$	376,356

TOTAL CONVERTIBLE BONDS (Cost $3,209,190)			$	376,356


SECURITIES LENDING COLLATERAL - 1.5%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)	2,333,740		$	23,357,707

TOTAL SECURITIES LENDING
COLLATERAL (Cost $23,357,682)			$	23,357,707


SHORT-TERM INVESTMENTS - 2.1%
Commercial Paper - 2.1%
Bank of Nova Scotia
0.080%, 04/01/2013 *	$	10,170,000	$	10,170,000
0.120%, 04/01/2013 *	6,000,000			6,000,000
Bank of Tokyo-Mitsubishi UFJ, Ltd.
0.100%, 04/04/2013 *	4,000,000			3,999,967
0.160%, 04/01/2013 *	8,000,000			8,000,000
Sumitomo Mitsui Banking Corp. 0.150%,
04/03/2013 *	6,000,000			5,999,950

				34,169,917

TOTAL SHORT-TERM INVESTMENTS (Cost $34,169,917)			$	34,169,917

Total Investments (Fundamental Value Trust)
(Cost $1,187,533,975) - 101.4%			$	1,620,171,052
Other assets and liabilities, net - (1.4%)				(23,122,358)

TOTAL NET ASSETS - 100.0%			$	1,597,048,694

141

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Global Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 98.1%
Brazil - 1.1%
Petroleo Brasileiro SA, Class A, ADR (I)	251,500	$	4,564,725
Vale SA (Preference A Shares), ADR	146,440		2,420,653

			6,985,378
Canada - 1.5%
Talisman Energy, Inc.	779,550		9,530,946
China - 0.6%
China Telecom Corp., Ltd., ADR (L)	53,040		2,696,554
Dongfang Electric Corp., Ltd., H Shares (L)	656,556		1,086,560

			3,783,114
France - 10.7%
Alstom SA	195,310		7,968,000
AXA SA	423,026		7,292,336
BNP Paribas SA	174,790		9,004,756
Cie Generale des Etablissements Michelin	96,502		8,086,183
Credit Agricole SA (I)	818,790		6,769,550
France Telecom SA	338,330		3,430,563
Sanofi	120,810		12,319,669
Total SA	178,610		8,536,938
Vivendi SA	198,244		4,105,852

			67,513,847
Germany - 4.8%
Deutsche Lufthansa AG	537,330		10,497,440
Merck KGaA	38,100		5,749,793
Muenchener Rueckversicherungs AG	31,350		5,865,486
SAP AG	14,430		1,156,414
Siemens AG	63,450		6,835,467

			30,104,600
Hong Kong - 0.3%
China Mobile, Ltd.	187,000		1,979,951
India - 0.6%
ICICI Bank, Ltd., ADR	83,180		3,568,422
Ireland - 2.3%
CRH PLC	422,064		9,326,152
Elan Corp. PLC, ADR (I)(L)	432,140		5,099,252

			14,425,404
Italy - 3.0%
Eni SpA	299,420		6,723,436
Intesa Sanpaolo SpA	3,441,660		5,071,878
UniCredit SpA (I)	1,629,069		7,004,365

			18,799,679
Japan - 3.5%
Konica Minolta Holdings, Inc.	319,010		2,336,374
Mazda Motor Corp. (I)	1,444,000		4,262,686
Nintendo Company, Ltd.	33,050		3,576,525
Nissan Motor Company, Ltd.	394,200		3,819,638
Toyota Motor Corp.	155,450		8,011,348

			22,006,571
Netherlands - 6.1%
Akzo Nobel NV	98,286		6,245,151
Fugro NV	23,904		1,328,315
ING Groep NV (I)	1,123,202		8,072,175
Koninklijke Philips Electronics NV	206,590		6,139,551
Randstad Holdings NV	174,570		7,154,061
Royal Dutch Shell PLC, A Shares	97,344		3,158,528
Royal Dutch Shell PLC, B Shares	156,840		5,219,055
SBM Offshore NV (I)	44,922		744,033

			38,060,869


Global Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Portugal - 0.7%
Galp Energia SGPS SA	280,430	$	4,396,305
Singapore - 2.7%
DBS Group Holdings, Ltd.	419,510		5,427,079
Flextronics International, Ltd. (I)	622,360		4,207,154
Singapore Telecommunications, Ltd.	2,468,100		7,137,552

			16,771,785
South Korea - 2.9%
KB Financial Group, Inc., ADR	180,628		5,967,949
POSCO	5,030		1,481,747
Samsung Electronics Company, Ltd.	7,970		10,855,167

			18,304,863
Spain - 0.5%
Telefonica SA	215,740		2,916,142
Sweden - 1.0%
Telefonaktiebolaget LM Ericsson, B Shares	496,087		6,189,902
Switzerland - 7.4%
Credit Suisse Group AG (I)	336,400		8,878,085
Noble Corp.	157,830		6,021,215
Roche Holdings AG	57,200		13,354,663
Swiss Re, Ltd. (I)	92,630		7,538,599
TE Connectivity, Ltd.	135,420		5,678,161
UBS AG	345,020		5,298,531

			46,769,254
Turkey - 1.0%
Turkcell Iletisim Hizmetleri AS, ADR (I)	382,250		6,360,640
United Kingdom - 11.6%
Aviva PLC	1,256,769		5,662,584
BAE Systems PLC	592,240		3,554,861
BP PLC, ADR	829,365		5,824,387
Carillion PLC	166,950		692,764
GlaxoSmithKline PLC	487,640		11,414,010
HSBC Holdings PLC	620,039		6,564,818
International Consolidated Airlines Group SA
(London Exchange) (I)	2,860,050		11,060,073
Kingfisher PLC	1,640,530		7,190,677
Tesco PLC	1,215,450		7,066,683
Vodafone Group PLC	4,767,350		13,531,402

			72,562,259
United States - 35.8%
American Express Company	49,130		3,314,310
American International Group, Inc. (I)	71,850		2,789,217
Amgen, Inc.	96,430		9,885,039
Baker Hughes, Inc.	210,060		9,748,885
Brocade Communications Systems, Inc. (I)	584,460		3,372,334
Chesapeake Energy Corp. (L)	243,130		4,962,283
Chevron Corp.	52,630		6,253,497
Cisco Systems, Inc.	505,220		10,564,150
Citigroup, Inc.	235,940		10,437,986
Comcast Corp., Special Class A	161,560		6,401,007
CVS Caremark Corp.	96,960		5,331,830
Dell, Inc.	318,660		4,566,398
FedEx Corp.	46,300		4,546,660
Forest Laboratories, Inc. (I)	45,420		1,727,777
Halliburton Company	219,140		8,855,447
Hewlett-Packard Company	347,440		8,282,970
JPMorgan Chase & Company	139,760		6,633,010
Medtronic, Inc.	164,650		7,731,964
Merck & Company, Inc.	203,200		8,987,536
Microsoft Corp.	457,290		13,083,067

142

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Global Trust (continued)
		Shares or
		Principal
		Amount		Value



COMMON STOCKS (continued)
United States (continued)
Morgan Stanley		320,480	$	7,044,150
Navistar International Corp. (I)(L)		227,630		7,869,169
News Corp., Class A		198,830		6,068,292
Oracle Corp.		144,430		4,670,866
Pfizer, Inc.		482,700		13,930,722
Sprint Nextel Corp. (I)		1,498,990		9,308,728
SunTrust Banks, Inc.		105,360		3,035,422
Target Corp.		67,980		4,653,231
The Walt Disney Company		85,470		4,854,696
Time Warner Cable, Inc.		49,212		4,727,305
Time Warner, Inc.		125,983		7,259,140
United Parcel Service, Inc., Class B		113,280		9,730,752
Viacom, Inc., Class B		65,560		4,036,531

				224,664,371

TOTAL COMMON STOCKS (Cost $605,758,762)			$	615,694,302


SECURITIES LENDING COLLATERAL - 2.0%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		1,253,271		12,543,609

TOTAL SECURITIES LENDING
COLLATERAL (Cost $12,543,340)			$	12,543,609


SHORT-TERM INVESTMENTS - 1.6%
Time Deposits - 1.6%
Bank of Montreal 0.080%, 04/01/2013 *	$	10,000,000	$	10,000,000

TOTAL SHORT-TERM INVESTMENTS (Cost $10,000,000)			$	10,000,000

Total Investments (Global Trust) (Cost $628,302,102) - 101.7%			$	638,237,911
Other assets and liabilities, net - (1.7%)				(10,509,155)

TOTAL NET ASSETS - 100.0%			$	627,728,756




Global Bond Trust
		Shares or
		Principal
		Amount		Value


U.S. GOVERNMENT & AGENCY
OBLIGATIONS - 24.7%
U.S. Government - 19.2%
Treasury Inflation Protected Securities
0.125%, 07/15/2022 to 01/15/2023	$	1,696,596	$	1,834,203
1.375%, 01/15/2020		532,400		634,513
1.750%, 01/15/2028		6,924,330		8,810,670
2.375%, 01/15/2027		799,253		1,088,795
2.500%, 01/15/2029		4,504,374		6,299,790
U.S. Cash Management Bill
0.010%, 04/15/2013 (D) *		1,147,000		1,146,960
U.S. Treasury Bill
0.010%, 11/14/2013 (D) *		480,000		479,667
0.010%, 02/06/2014 (D) (F) *		156,000		155,835
U.S. Treasury Bonds
2.750%, 11/15/2042	$	500,000		464,453
3.000%, 05/15/2042		2,800,000		2,747,063
3.125%, 11/15/2041 to 02/15/2043		11,700,000		11,791,284
3.750%, 08/15/2041		3,100,000		3,512,204
5.500%, 08/15/2028 (D) (F)		34,700,000		48,146,250
U.S. Treasury Notes
0.125%, 12/31/2013		1,100,000		1,099,871
0.250%, 11/30/2013 to 03/31/2014		34,400,000		34,426,438
0.250%, 01/31/2014 (D)		12,400,000		12,410,168


Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


U.S. GOVERNMENT & AGENCY
OBLIGATIONS (continued)
U.S. Government (continued)
U.S. Treasury Notes (continued)
0.500%, 11/15/2013	$	2,100,000	$	2,104,841
0.750%, 12/15/2013		1,300,000		1,305,485
1.000%, 01/15/2014		9,200,000		9,261,815
1.250%, 02/15/2014 to 03/15/2014		24,600,000		24,846,390
1.500%, 12/31/2013		1,300,000		1,313,101
1.750%, 01/31/2014		9,700,000		9,828,826
1.875%, 02/28/2014		400,000		406,234
2.000%, 02/15/2023		1,300,000		1,317,469

				185,432,325
U.S. Government Agency - 5.5%
Federal Home Loan Mortgage Corp.
4.000%, TBA (C)		7,000,000		7,438,594
4.000%, 03/01/2039 to 01/01/2042		10,147,706		10,785,702
5.336%, 03/01/2035 (P)		178,379		188,557
Federal National Mortgage Association
2.378%, 12/01/2034 (P)		199,401		210,644
2.493%, 11/01/2034 (P)		1,310,649		1,400,009
4.000%, 07/01/2040		124,182		132,395
4.500%, 03/01/2028 to 05/01/2042		30,448,361		32,855,426
5.007%, 05/01/2035 (P)		187,278		199,331
Government National
Mortgage Association
1.625%, 11/20/2023 to 01/20/2030 (P)		110,519		114,421
1.750%, 06/20/2030 (P)		27,629		28,253
2.000%, 04/20/2030 to 05/20/2030 (P)		14,103		14,989

				53,368,321

TOTAL U.S. GOVERNMENT & AGENCY
OBLIGATIONS (Cost $237,444,868)			$	238,800,646


FOREIGN GOVERNMENT
OBLIGATIONS - 18.7%
Australia - 0.0%
New South Wales Treasury Corp.
2.750%, 11/20/2025	AUD	100,000		135,634

				135,634
Canada - 1.1%
Government of Canada
4.000%, 06/01/2041	CAD	300,000		384,328
Province of British Columbia
4.300%, 06/18/2042		600,000		679,311
Province of Ontario
2.450%, 06/29/2022	$	1,300,000		1,304,293
Province of Quebec
2.750%, 08/25/2021		4,300,000		4,467,051
3.000%, 09/01/2023	CAD	1,700,000		1,684,571
4.250%, 12/01/2021		2,200,000		2,434,109

				10,953,663
Germany - 0.6%
Federal Republic of Germany
1.750%, 07/04/2022	EUR	1,400,000		1,885,218
3.250%, 07/04/2021		200,000		302,996
4.000%, 01/04/2037		1,200,000		2,065,677
Federal Republic of Germany, Inflation
Linked Bond
0.100%, 04/15/2023		1,017,090		1,388,111

				5,642,002

143

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value



FOREIGN GOVERNMENT
OBLIGATIONS (continued)
Italy - 0.2%
Republic of Italy
6.000%, 08/04/2028	GBP	900,000	$	1,391,217

				1,391,217
Mexico - 1.2%
Government of Mexico
1.290%, 06/08/2015	MXN	1,100,000,000		11,715,190

				11,715,190
New Zealand - 3.9%
Dominion of New Zealand
5.000%, 03/15/2019	NZD	23,600,000		21,825,575
5.500%, 04/15/2023		4,400,000		4,295,623
6.000%, 12/15/2017 to 05/15/2021		11,700,000		11,600,927

				37,722,125
Norway - 0.2%
Kommunalbanken AS
0.663%, 03/27/2017 (P)	$	1,500,000		1,513,704

				1,513,704
South Korea - 0.2%
Export-Import Bank of Korea
5.750%, 05/22/2013	EUR	1,800,000		2,322,098

				2,322,098
Spain - 3.0%
Autonomous Community of Madrid
4.200%, 09/24/2014		5,600,000		7,286,040
Fund for Orderly Bank Restructuring
4.400%, 10/21/2013		1,100,000		1,432,867
Junta de Castilla y Leon
6.270%, 02/19/2018		500,000		664,465
Kingdom of Spain
1.961%, 03/25/2014 (P)		11,000,000		13,781,691
5.250%, 04/06/2029	GBP	700,000		965,167
Xunta de Galicia
6.131%, 04/03/2018	EUR	3,500,000		4,641,082

				28,771,312
United Kingdom - 8.3%
Government of United Kingdom
1.750%, 09/07/2022	GBP	1,300,000		1,973,665
4.250%, 12/07/2027 to 12/07/2040		7,800,000		14,522,655
4.750%, 12/07/2030 to 12/07/2038		6,200,000		12,284,526
5.000%, 03/07/2025		1,200,000		2,390,891
6.000%, 12/07/2028		600,000		1,339,161
Government of United Kingdom, Inflation
Linked Bond
0.125%, 03/22/2024		9,025,312		15,915,897
0.375%, 03/22/2062		208,484		393,220
1.875%, 11/22/2022		15,300,352		31,641,150

				80,461,165

TOTAL FOREIGN GOVERNMENT
OBLIGATIONS (Cost $179,886,884)			$	180,628,110


CORPORATE BONDS - 30.4%
Australia - 2.9%
Australia & New Zealand Banking
Group, Ltd.
1.000%, 10/06/2015 (S)	$	9,800,000		9,874,475
Commonwealth Bank of Australia
0.725%, 07/12/2013 (P) (S)		7,900,000		7,909,488
0.784%, 06/25/2014 (P) (S)		9,800,000		9,860,172


Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value



CORPORATE BONDS (continued)
Australia (continued)
Westpac Banking Corp.
2.900%, 09/10/2014 (S)	$	400,000	$	414,424

				28,058,559
Belgium - 1.0%
European Union
2.500%, 12/04/2015	EUR	3,500,000		4,749,834
2.750%, 06/03/2016		3,500,000		4,814,892

				9,564,726
Denmark - 0.0%
Nykredit Realkredit A/S
6.000%, 10/01/2029	DKK	102,217		19,946
Realkredit Danmark A/S
1.340%, 01/01/2038 (P)		1,217,494		215,600

				235,546
France - 6.5%
BNP Paribas Home Loan
Covered Bonds SA
2.200%, 11/02/2015 (S)	$	5,800,000		5,992,560
3.000%, 07/23/2013	EUR	200,000		258,495
4.750%, 05/28/2013		2,700,000		3,483,909
Cie de Financement Foncier
2.125%, 04/22/2013 (S)	$	4,900,000		4,903,925
2.500%, 09/16/2015 (S)		5,100,000		5,287,512
Credit Agricole Home Loan
1.052%, 07/21/2014 (P) (S)		5,200,000		5,212,090
Dexia Credit Local SA
1.104%, 09/18/2013 (P)	EUR	11,000,000		14,135,624
1.700%, 09/06/2013	$	7,400,000		7,429,610
2.750%, 01/10/2014 to 04/29/2014 (S)		16,000,000		16,224,500

				62,928,225
Germany - 5.7%
FMS Wertmanagement
0.737%, 06/16/2014 (P)	GBP	900,000		1,371,829
2.375%, 12/15/2014	EUR	11,900,000		15,807,929
2.750%, 06/03/2016		3,700,000		5,074,771
3.375%, 06/17/2021		2,200,000		3,222,076
Kreditanstalt fuer Wiederaufbau
0.625%, 05/29/2015		7,900,000		10,226,044
2.000%, 09/07/2016		1,800,000		2,432,620
6.250%, 05/19/2021	AUD	10,900,000		12,800,495
Landwirtschaftliche Rentenbank
5.500%, 03/09/2020		4,000,000		4,463,008

				55,398,772
Ireland - 0.8%
German Postal Pensions Securitisation
2 PLC
4.250%, 01/18/2017	EUR	2,000,000		2,892,060
German Postal Pensions
Securitisation PLC
3.375%, 01/18/2016		3,400,000		4,685,587

				7,577,647
Italy - 0.5%
Intesa Sanpaolo SpA
2.688%, 02/24/2014 (P) (S)	$	4,600,000		4,626,616

				4,626,616

144

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Jersey, Channel Islands - 0.2%
HBOS Capital Funding LP (9.540% to
03/19/2018, then GBP
LIBOR + 6.750%)
03/19/2018 (Q)	GBP	1,700,000	$	2,377,711

				2,377,711
Luxembourg - 0.7%
ALROSA Finance SA
7.750%, 11/03/2020	$	2,100,000		2,458,995
European Investment Bank
6.125%, 01/23/2017	AUD	1,200,000		1,353,596
6.250%, 04/15/2015 to 06/08/2021		2,500,000		2,788,695

				6,601,286
Netherlands - 1.5%
Achmea Hypotheekbank NV
3.200%, 11/03/2014	$	395,000		411,511
3.200%, 11/03/2014 (S)		194,000		202,109
Fortis Bank Nederland Holding NV
3.375%, 05/19/2014	EUR	5,900,000		7,831,418
LeasePlan Corp. NV
3.250%, 05/22/2014		1,800,000		2,385,949
NIBC Bank NV
2.800%, 12/02/2014 (S)	$	848,000		881,175
3.500%, 04/07/2014	EUR	1,700,000		2,250,897
Ziggo Finance BV
6.125%, 11/15/2017		700,000		939,917

				14,902,976
Norway - 0.5%
DNB Boligkreditt AS
2.375%, 07/20/2015		3,700,000		4,938,286

				4,938,286
Sweden - 0.3%
Stadshypotek AB
4.250%, 10/10/2017	AUD	2,400,000		2,492,657

				2,492,657
Switzerland - 0.5%
EUROFIMA
5.625%, 10/24/2016		1,000,000		1,102,045
6.250%, 12/28/2018		3,000,000		3,416,697

				4,518,742
Tunisia - 0.3%
African Development Bank
5.250%, 03/23/2022		2,900,000		3,233,579

				3,233,579
United Kingdom - 2.4%
Bank of Scotland PLC
4.500%, 10/23/2013	EUR	200,000		262,377
British Sky Broadcasting Group PLC
6.100%, 02/15/2018 (S)	$	400,000		473,742
HBOS PLC
6.750%, 05/21/2018 (S)		900,000		1,000,760
LBG Capital No.1 PLC
7.375%, 03/12/2020	EUR	1,100,000		1,438,237
11.040%, 03/19/2020	GBP	2,800,000		4,903,264
LBG Capital No.2 PLC
7.625%, 12/09/2019		3,138,000		4,887,234
Pearson Dollar Finance Two PLC
5.500%, 05/06/2013 (S)	$	3,000,000		3,012,213
Tate & Lyle International Finance PLC
5.000%, 11/15/2014 (S)		400,000		421,968


Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
United Kingdom (continued)
The Royal Bank of Scotland PLC
2.750%, 06/18/2013	EUR	1,800,000	$	2,319,055
Westpac Securities NZ, Ltd.
3.450%, 07/28/2014 (S)	$	4,300,000		4,468,646

				23,187,496
United States - 6.6%
Altria Group, Inc.
9.250%, 08/06/2019		676,000		942,748
American International Group, Inc.
(8.000% to 05/22/2018, then 3 month
EURIBOR + 4.450%)
05/22/2038 (S)	EUR	5,600,000		8,398,686
Bank of America Corp.
0.888%, 05/23/2017 (P)		4,100,000		4,966,531
Boston Scientific Corp.
6.400%, 06/15/2016	$	1,600,000		1,827,762
Citigroup, Inc.
0.859%, 05/31/2017 (P)	EUR	1,800,000		2,183,312
5.500%, 10/15/2014	$	71,000		75,764
CNA Financial Corp.
5.850%, 12/15/2014		4,000,000		4,306,628
Computer Sciences Corp.
6.500%, 03/15/2018		2,050,000		2,378,242
Hawk Acquisition Sub, Inc.
4.250%, 10/15/2020 (S)		4,000,000		4,000,000
HCA, Inc.
7.875%, 02/15/2020		200,000		221,000
International Finance Corp.
5.000%, 08/03/2016	AUD	700,000		764,951
5.750%, 06/24/2014		1,300,000		1,395,995
International Lease Finance Corp.
6.500%, 09/01/2014 (S)	$	2,800,000		2,982,000
6.625%, 11/15/2013		600,000		618,000
Loews Corp.
5.250%, 03/15/2016		400,000		445,321
Marsh & McLennan Companies, Inc.
5.750%, 09/15/2015		910,000		1,012,098
Merrill Lynch & Company, Inc.
0.486%, 01/31/2014 (P)	EUR	900,000		1,151,834
Simon Property Group LP
6.125%, 05/30/2018	$	1,250,000		1,527,910
Spectra Energy Capital LLC
6.200%, 04/15/2018		5,000,000		6,042,035
Springleaf Finance Corp.
6.900%, 12/15/2017		3,000,000		3,026,250
Starwood Hotels & Resorts
Worldwide, Inc.
6.750%, 05/15/2018		3,000,000		3,643,269
The Cleveland Electric Illuminating
Company
5.700%, 04/01/2017		3,000,000		3,400,029
WM Covered Bond Program
4.000%, 09/27/2016	EUR	900,000		1,271,111
4.375%, 05/19/2014		5,200,000		6,938,961

				63,520,437

TOTAL CORPORATE BONDS (Cost $290,640,169)			$	294,163,261


MUNICIPAL BONDS - 1.4%
American Municipal Power, Inc. (Ohio)
7.734%, 02/15/2033	$	1,600,000		2,122,144
8.084%, 02/15/2050		4,100,000		6,002,769
City of New York 4.937%, 12/01/2019		2,700,000		3,205,764

145

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value



MUNICIPAL BONDS (continued)
Iowa Tobacco Settlement Authority,
Series A 6.500%, 06/01/2023	$	395,000	$	391,338
Metropolitan Water District of Southern
California 5.000%, 10/01/2036		45,000		46,101
State of California
7.700%, 11/01/2030		900,000		1,142,487
7.950%, 03/01/2036		200,000		251,000

TOTAL MUNICIPAL BONDS (Cost $9,985,697)			$	13,161,603


COLLATERALIZED MORTGAGE
OBLIGATIONS - 13.5%
Australia - 0.9%
Crusade Global Trust, Series 2005-2,
Class A2
3.116%, 08/14/2037 (P)	AUD	2,448,949		2,529,021
Puma Finance, Ltd.
Series 2006-G5, Class A1,
0.429%, 02/21/2038 (P) (S)	$	370,566		362,823
Series 2005-P11, Class BA,
3.430%, 08/22/2037 (P)	AUD	1,645,050		1,675,543
Series 2004-P10, Class BA,
3.583%, 07/12/2036 (P)		289,540		299,825
Swan Trust, Series 2006-1E, Class A2
3.082%, 05/12/2037 (P)		968,168		1,007,985
The Superannuation Member Home Loan
Programme, Series 2009-3, Class A1
4.440%, 11/07/2040 (P)		1,324,387		1,372,585
Torrens Trust, Series 2007-1, Class A
3.465%, 10/19/2038 (P)		1,296,969		1,309,570

				8,557,352
Germany - 0.5%
German Residential Asset
Note Distributor PLC, Series 2006-1,
Class A
1.611%, 01/20/2021 (P)	EUR	3,595,800		4,613,888

				4,613,888
Italy - 0.8%
Berica ABS SRL, Series 2011-1, Class A1
0.513%, 12/30/2055 (P)		3,100,000		3,846,777
Berica Residential MBS SRL
0.537%, 03/31/2048 (P)		3,086,707		3,598,391

				7,445,168
Netherlands - 0.0%
Atomium Mortgage Finance BV,
Series 2003-I, Class A
0.327%, 07/01/2034 (P)		28,622		36,152
Dutch Mortgage Portfolio Loans BV,
Series III, Class A
0.473%, 11/20/2035 (P)		142,134		182,173

				218,325
United Kingdom - 3.6%
Alba PLC, Series 2006-2, Class A3A
0.677%, 12/15/2038 (P)	GBP	297,765		403,679
Fosse Master Issuer PLC, Series 2012-1A,
Class 2B2
2.611%, 10/18/2054 (P) (S)		3,100,000		4,802,234
Gosforth Funding PLC, Series 2011-1,
Class A2
1.961%, 04/24/2047 (P)		2,700,000		4,178,997


Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United Kingdom (continued)
Great Hall Mortgages PLC
Series 2007-1, Class A2B,
0.334%, 03/18/2039 (P)	EUR	1,667,876	$	1,922,311
Series 2006-1, Class A2B,
0.354%, 06/18/2038 (P)		2,277,093		2,655,600
Series 2007-1, Class A2A,
0.637%, 03/18/2039 (P)	GBP	1,667,877		2,278,343
Holmes Master Issuer PLC
Series 2011-1A, Class A3,
1.545%, 10/15/2054 (P) (S)	EUR	824,585		1,066,591
Series 2010-1A, Class A3,
1.595%, 10/15/2054 (P) (S)		3,312,306		4,275,684
Mansard Mortgages PLC, Series 2007-2X,
Class A1
1.157%, 12/15/2049 (P)	GBP	7,731,429		10,841,161
Newgate Funding PLC, Series 2007-3X,
Class A1
1.107%, 12/15/2050 (P)		673,517		1,019,362
RMAC Securities PLC,
Series 2006-NS1X, Class A2C
0.351%, 06/12/2044 (P)	EUR	1,417,673		1,655,067

				35,099,029
United States - 7.7%
Adjustable Rate Mortgage Trust,
Series 2005-5, Class 2A1
3.079%, 09/25/2035 (P)	$	157,347		148,635
American Home Mortgage
Investment Trust, Series 2004-3,
Class 5A
2.291%, 10/25/2034 (P)		75,893		74,726
Banc of America Funding Corp.
Series 2005-E , Class 1A1,
0.493%, 05/20/2035 (P)		442,262		296,474
Series 2006-J, Class 4A1,
5.623%, 01/20/2047 (P)		204,915		159,939
Banc of America Large Loan, Inc.,
Series 2010-HLTN, Class HLTN
2.503%, 11/15/2015 (P) (S)		5,248,645		5,277,901
Banc of America Mortgage
Securities, Inc., Series 2005-B,
Class 2A2
2.850%, 03/25/2035 (P)		1,110,977		1,066,023
Bear Stearns Adjustable
Rate Mortgage Trust
Series 2005-12, Class 23A1,
2.353%, 02/25/2036 (P)		1,082,597		720,284
Series 2003-6, Class 1A1,
2.467%, 08/25/2033 (P)		149,171		149,647
Series 2005-2, Class A1,
2.600%, 03/25/2035 (P)		1,741,069		1,751,895
Series 2005-2, Class A2,
2.793%, 03/25/2035 (P)		591,388		595,268
Series 2003-7, Class 6A,
2.804%, 10/25/2033 (P)		144,372		145,939
Series 2003-9, Class 2A1,
3.018%, 02/25/2034 (P)		27,615		27,216
Series 2004-2, Class 22A,
3.051%, 05/25/2034 (P)		266,537		253,724
Series 2004-2, Class 23A,
3.145%, 05/25/2034 (P)		111,199		106,595
Series 2004-9, Class 22A1,
3.485%, 11/25/2034 (P)		112,130		112,502

146

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
Bear Stearns Alt-A Trust
Series 2005-9, Class 24A1,
2.835%, 11/25/2035 (P)	$	1,020,675	$	779,446
Series 2005-7, Class 22A1,
2.926%, 09/25/2035 (P)		1,345,995		1,132,604
Bear Stearns Structured
Products, Inc. Trust, Series 2007-R6,
Class 1A1
2.618%, 01/26/2036 (P)		2,317,344		1,807,085
Citigroup Mortgage Loan Trust, Inc.
Series 2005-6, Class A1,
2.270%, 09/25/2035 (P)		595,617		589,332
Series 2005-6, Class A2,
2.340%, 09/25/2035 (P)		646,807		635,184
Countrywide Alternative Loan Trust
Series 2007-OA7, Class A1A,
0.384%, 05/25/2047 (P)		2,264,341		1,678,321
Series 2006-OA9, Class 2A1B,
0.403%, 07/20/2046 (P)		628,493		338,415
Series 2007-11T1, Class A12,
0.554%, 05/25/2037 (P)		505,124		293,309
Series 2005-56, Class 2A3,
1.663%, 11/25/2035 (P)		162,811		118,393
Series 2005-56, Class 2A2,
2.203%, 11/25/2035 (P)		135,768		101,722
Series 2005-21CB, Class A3,
5.250%, 06/25/2035		216,616		194,601
Series 2007-16CB, Class 5A1,
6.250%, 08/25/2037		226,310		181,502
Countrywide Home Loan Mortgage
Pass Through Trust
Series 2005-2, Class 2A1,
0.524%, 03/25/2035 (P)		119,995		95,905
Series 2004-25, Class 1A1,
0.534%, 02/25/2035 (P)		53,245		47,441
Series 2004-25, Class 2A1,
0.544%, 02/25/2035 (P)		81,252		74,350
Series 2004-HYB5, Class 2A1,
2.889%, 04/20/2035 (P)		110,751		109,390
Series 2004-22, Class A3,
2.927%, 11/25/2034 (P)		302,835		283,706
Series 2004-12, Class 11A1,
3.057%, 08/25/2034 (P)		94,834		83,823
Credit Suisse First Boston
Mortgage Securities Corp.
Series 2002-AR13, Class 3A,
2.120%, 05/25/2032 (P)		2,079		2,013
Series 2003-AR18, Class 2A3,
2.547%, 07/25/2033 (P)		26,006		25,859
Series 2003-AR20, Class 2A1,
2.618%, 08/25/2033 (P)		376,771		376,143
Series 2003-8, Class 5A1,
6.500%, 04/25/2033		24,247		25,724
DSLA Mortgage Loan Trust,
Series 2006-AR2, Class 2AB3
0.513%, 10/19/2036 (P)		1,846,825		96,491
Federal Home Loan Mortgage Corp.,
Series T-62, Class 1A1
1.375%, 10/25/2044 (P)		1,699,515		1,690,691
Federal National Mortgage Association
Series 2004-W2, Class 5AF,
0.554%, 03/25/2044 (P)		82,134		79,462


Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
Federal National Mortgage
Association (continued)
Series 2002-W8, Class F,
0.604%, 09/25/2032 (P)	$	18,169	$	18,030
Series 2010-136, Class FA,
0.704%, 12/25/2040 (P)		2,617,899		2,632,646
First Horizon Mortgage Pass
Through Trust, Series 2005-AR3,
Class 2A1
2.615%, 08/25/2035 (P)		165,839		164,412
First Republic Mortgage Loan Trust,
Series 2001-FRB1, Class A
0.553%, 11/15/2031 (P)		83,675		82,361
GMAC Mortgage Corp. Loan Trust,
Series 2004-AR1, Class 22A
3.609%, 06/25/2034 (P)		31,745		29,996
Government National Mortgage
Association, Series 2004-68, Class ZC
6.000%, 08/20/2034		2,507,238		2,954,271
Greenpoint Mortgage Funding Trust,
Series 2006-OH1, Class A1
0.384%, 01/25/2037 (P)		321,312		199,491
Greenpoint Mortgage Pass-Through
Certificates, Series 2003-1, Class A1
2.939%, 10/25/2033 (P)		25,854		25,558
GS Mortgage Securities Corp. II,
Series 2012-GCJ9, Class XA IO
2.408%, 11/10/2045		4,480,806		680,164
GSR Mortgage Loan Trust, Series 2003-1,
Class A2
1.940%, 03/25/2033 (P)		111,214		111,795
Harborview Mortgage Loan Trust
Series 2003-1, Class A,
2.703%, 05/19/2033 (P)		260,460		260,684
Series 2005-4, Class 3A1,
3.027%, 07/19/2035 (P)		65,653		56,565
Indymac Index Mortgage Loan Trust,
Series 2004-AR11, Class 2A
2.647%, 12/25/2034 (P)		101,780		89,197
JPMorgan Alternative Loan Trust,
Series 2006-A6, Class 2A1
5.500%, 11/25/2036 (P)		162,633		160,353
JPMorgan Mortgage Trust
Series 2003-A2, Class 3A1,
2.340%, 11/25/2033 (P)		141,095		140,549
Series 2007-A1, Class 5A5,
3.003%, 07/25/2035 (P)		659,200		676,025
Series 2007-A1, Class 5A6,
3.003%, 07/25/2035 (P)		599,272		539,595
Series 2006-S2, Class 1A3,
5.500%, 07/25/2036		755,110		691,839
MASTR Adjustable Rate Mortgages Trust,
Series 2007-HF1, Class A1
0.444%, 05/25/2037 (P)		429,771		295,384
Mellon Residential Funding Corp.,
Series 2000-TBC3, Class A1
0.643%, 12/15/2030 (P)		52,756		51,073
Merrill Lynch Floating Trust,
Series 2008-LAQA, Class A1
0.740%, 07/09/2021 (P) (S)		2,134,255		2,101,313

147

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
Merrill Lynch Mortgage Investors, Inc.
Series 2005-A10, Class A,
0.414%, 02/25/2036 (P)	$	4,663,376	$	4,140,943
Series 2005-3, Class 4A,
0.454%, 11/25/2035 (P)		956,124		908,781
Series 2005-A8, Class A3A2,
0.454%, 08/25/2036 (P)		136,430		128,225
Series 2005-2, Class 1A,
1.760%, 10/25/2035 (P)		915,645		900,563
Series 2003-A2, Class 1A1,
2.436%, 02/25/2033 (P)		159,553		150,430
Merrill Lynch/Countrywide
Commercial Mortgage Trust
Series 2006-3, Class A4,
5.414%, 07/12/2046 (P)		2,400,000		2,714,057
Series 2007-8, Class A3,
5.936%, 08/12/2049 (P)		3,200,000		3,723,706
NCUA Guaranteed Notes Trust
Series 2010-R2, Class 1A,
0.573%, 11/06/2017 (P)		8,711,292		8,746,660
Series 2010-R1, Class 1A,
0.653%, 10/07/2020 (P)		3,281,833		3,292,106
Residential Accredit Loans, Inc.
Series 2007-QO2, Class A1,
0.354%, 02/25/2047 (P)		647,400		388,470
Series 2006-QO6, Class A1,
0.384%, 06/25/2046 (P)		2,721,416		1,314,316
Series 2007-QH4, Class A2,
0.434%, 05/25/2037 (P)		889,724		177,238
Series 2006-QA2, Class 2A1,
3.684%, 02/25/2036 (P)		778,081		526,416
Residential Asset Securitization Trust,
Series 2006-R1, Class A2
0.604%, 01/25/2046 (P)		660,746		295,928
Residential Funding Mortgage
Securities I, Series 2005-SA4,
Class 1A21
3.275%, 09/25/2035 (P)		190,671		155,291
Sequoia Mortgage Trust
Series 2003-4, Class 2A1,
0.553%, 07/20/2033 (P)		213,201		209,117
Series 5, Class A,
0.903%, 10/19/2026 (P)		33,212		33,049
Structured Adjustable Rate
Mortgage Loan Trust
Series 2004-1, Class 4A1,
2.586%, 02/25/2034 (P)		193,756		195,157
Series 2005-18, Class 6A1,
2.663%, 09/25/2035 (P)		430,474		386,321
Series 2004-4, Class 3A2,
2.718%, 04/25/2034 (P)		446,470		447,191
Series 2004-12, Class 7A1,
2.792%, 09/25/2034 (P)		470,120		471,471
Structured Asset
Mortgage Investments, Inc.
Series 2006-AR5, Class 1A1,
0.414%, 05/25/2046 (P)		698,096		423,611
Series 2004-AR3, Class 1A2,
0.783%, 07/19/2034 (P)		106,794		104,588
Thornburg Mortgage Securities Trust
Series 2007-2, Class A1,
1.454%, 06/25/2037 (P)		1,089,834		951,150


Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
Thornburg Mortgage Securities Trust (continued)
Series 2007-3, Class 2A1,
1.454%, 06/25/2047 (P)	$	295,599	$	272,138
Series 2003-5, Class 1A,
2.725%, 10/25/2043 (P)		868,715		854,309
Series 2007-2, Class A2A,
5.750%, 06/25/2037 (P)		1,096,889		1,071,157
Series 2007-2, Class A3A,
5.750%, 06/25/2037 (P)		2,178,125		2,192,128
Series 2007-3, Class 3A1,
5.750%, 06/25/2047 (P)		704,321		647,111
Series 2007-3, Class 4A1,
5.750%, 06/25/2047 (P)		764,496		754,289
Wachovia Bank Commercial
Mortgage Trust, Series 2006-C28,
Class A4
5.572%, 10/15/2048		192,000		216,274
WaMu Mortgage Pass-
Through Certificates
Series 2005-AR6, Class 2A1A,
0.434%, 04/25/2045 (P)		132,487		121,738
Series 2005-AR2, Class 2A1A,
0.514%, 01/25/2045 (P)		63,108		60,665
Series 2002-AR17, Class 1A,
1.377%, 11/25/2042 (P)		383,571		365,876
Series 2002-AR2, Class A,
2.212%, 02/27/2034 (P)		76,987		78,021
Series 2003-AR5, Class A7,
2.452%, 06/25/2033 (P)		119,770		122,259
Washington Mutual Alternative Mortgage
Pass-Through Certificates,
Series 2006-AR5, Class 3A
1.117%, 07/25/2046 (P)		433,934		217,782
Wells Fargo Mortgage Backed
Securities Trust, Series 2005-AR11,
Class 1A1
2.665%, 06/25/2035 (P)		2,222,333		2,267,133
WFRBS Commercial Mortgage Trust,
Series 2013-C11, Class XA IO
1.527%, 03/15/2045 (S)		12,789,930		1,215,031

				74,929,677

TOTAL COLLATERALIZED MORTGAGE
OBLIGATIONS (Cost $133,286,248)			$	130,863,439


ASSET BACKED SECURITIES - 2.6%
Cayman Islands - 0.9%
Callidus Debt Partners CLO
Fund VII, Ltd.
1.052%, 01/21/2021 (P) (S)		997,889		992,070
Commercial Industrial Finance Corp.,
Series 2007-1A, Class A1l
0.552%, 05/10/2021 (P) (S)		2,100,000		2,051,383
Duane Street CLO, Series 2005-1A,
Class A2
0.543%, 11/08/2017 (P) (S)		511,347		509,081
Franklin CLO, Ltd.
0.540%, 06/15/2018 (P) (S)		1,033,911		1,012,881
Fraser Sullivan CLO, Ltd.,
Series 2006-1A, Class A2
0.540%, 03/15/2020 (P) (S)		3,732,246		3,696,916

148

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


ASSET BACKED SECURITIES (continued)
Cayman Islands (continued)
Landmark V CDO, Ltd., Series 2005-1A,
Class A1L
0.587%, 06/01/2017 (P) (S)	$	656,413	$	653,143

				8,915,474
Ireland - 0.6%
Aquilae CLO PLC, Series 2006-1X,
Class A
0.581%, 01/17/2023 (P)	EUR	3,596,683		4,479,632
Magnolia Funding, Ltd., Series 2010-1A,
Class A1
0.671%, 04/11/2021 (P) (S)		1,413,910		1,752,536

				6,232,168
Luxembourg - 0.1%
Penta CLO SA, Series 2007-1X, Class A1
0.564%, 06/04/2024 (P)		968,307		1,182,377

				1,182,377
Netherlands - 0.5%
Globaldrive BV, Series 2011-AA, Class A
0.869%, 04/20/2019 (P) (S)		1,474,310		1,901,186
Grosvenor Place CLO BV
Series I-X, Class A1,
0.454%, 07/20/2021 (P)		696,628		864,423
Series I-X, Class A2,
0.771%, 07/20/2021 (P)	GBP	1,238,450		1,815,935

				4,581,544
United States - 0.5%
Access Group, Inc., Series 2008-1,
Class A
1.601%, 10/27/2025 (P)	$	1,416,990		1,437,961
Aegis Asset Backed Securities Trust,
Series 2005-4, Class 1A4
0.574%, 10/25/2035 (P)		2,594,719		2,453,553
Amortizing Residential Collateral Trust,
Series 2002-BC4, Class A
0.784%, 07/25/2032 (P)		6,344		5,711
Amresco Residential Securities,
Series 1999-1, Class A
1.144%, 06/25/2029 (P)		27,650		24,501
First Alliance Mortgage Loan,
Series 1997-4, Class A3
0.433%, 12/20/2027 (P)		20,676		15,604
GSRPM Mortgage Loan Trust,
Series 2003-1, Class A2
1.604%, 01/25/2032 (P)		5,659		5,659
Home Equity Asset Trust, Series 2002-1,
Class A4
0.804%, 11/25/2032 (P)		1,283		928
Plymouth Rock CLO, Ltd.,
Series 2010-1A, Class A
1.790%, 02/16/2019 (P) (S)		207,940		208,124
Residential Asset Mortgage
Products, Inc. Trust, Series 2002-RS3
0.764%, 06/25/2032 (P)		12,672		11,233
Residential Asset Securities Corp. Trust,
Series 2002-KS4, Class AIIB
0.704%, 07/25/2032 (P)		33,497		27,529
Securitized Asset Backed
Receivables LLC Trust,
Series 2007-NC1, Class A2A
0.254%, 12/25/2036 (P)		64,992		32,564


Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


ASSET BACKED SECURITIES (continued)
United States (continued)
Small Business Administration
Participation Certificates,
Series 2000-20K, Class 1
7.220%, 11/01/2020	$	42,246	$	47,281
United States Small Business
Administration, Series 2004-10A,
Class 1
4.120%, 03/10/2014		78,040		79,647

				4,350,295

TOTAL ASSET BACKED SECURITIES (Cost $25,250,938)			$	25,261,858


TERM LOANS (M) - 1.7%
United Kingdom - 0.5%
Virgin Media, Inc.,
TBD 02/17/2020 (T)		4,400,000		4,374,858

				4,374,858
United States - 1.2%
Dell, Inc.
- TBD 02/28/2014 (T)		3,261,538		3,261,538
- TBD 02/05/2021 (T)		2,038,462		2,038,462
H.J. Heinz Company,
TBD 02/14/2014 (T)		3,000,000		3,000,000
Springleaf Finance Funding Company
5.500%, 05/10/2017		3,500,000		3,519,688

TOTAL TERM LOANS (Cost $16,128,524)			$	16,194,546


PREFERRED SECURITIES - 0.2%
United States - 0.2%
DG Funding Trust, 0.636% (S)		236	$	2,060,804
SLM Corp., 3.791%		9,800		239,414

				2,300,218

TOTAL PREFERRED SECURITIES (Cost $2,611,850)			$	2,300,218


ESCROW SHARES - 0.3%
United States - 0.3%
Lehman Brothers Holdings, Inc.
5.460%, 12/30/2016 (I)		4,100,000		1,086,500
Lehman Brothers Holdings, Inc.
5.625%, 01/24/2049 (I)		4,500,000		1,203,750
Lehman Brothers Holdings, Inc.
6.875%, 05/02/2018 (I)		2,100,000		572,250

				2,862,500

TOTAL ESCROW SHARES (Cost $2,148,476)			$	2,862,500


PURCHASED OPTIONS - 0.1%
Put Options - 0.1%
Over the Counter Put on 30 Year Interest
Rate Swap. Receive a fixed rate of
3.450% and pay a floating rate based on
3-month LIBOR (Expiration Date:
09/21/2015; Counterparty: Bank of
America NA) (I)		7,000,000		623,175

149

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


PURCHASED OPTIONS (continued)
Put Options (continued)
Over the Counter Put on 30 Year Interest
Rate Swap. Receive a fixed rate of
3.450% and pay a floating rate based on
3-month LIBOR (Expiration Date:
09/21/2015; Counterparty:
Citibank NA) (I)		3,600,000	$	320,490

				943,665

TOTAL PURCHASED OPTIONS (Cost $862,500)			$	943,665


SHORT-TERM INVESTMENTS - 7.1%
U.S. Government - 1.1%
U.S. Treasury Bill
0.100%, 12/12/2013 (D) (F) *	$	2,753,000	$	2,750,855
0.105%, 01/09/2014 (D) (F) *		2,665,000		2,662,594
0.111%, 09/19/2013 (F) *		212,000		211,897
0.123%, 02/06/2014 (D) (F) *		4,801,000		4,794,986
0.128%, 11/14/2013 (D) *		520,000		519,580

				10,939,912
U.S. Government Agency - 1.4%
Federal Home Loan Mortgage Corp.
Discount Notes
0.166%, 02/11/2014 *		1,000,000		998,716
0.167%, 02/04/2014 *		5,200,000		5,193,606
0.168%, 01/14/2014 *		7,800,000		7,791,434

				13,983,756
Foreign Government - 1.8%
Mexico Cetes
4.030%, 09/05/2013 *	MXN	2,070,000,000		16,461,691
4.110%, 07/11/2013 *		140,000,000		1,120,503

				17,582,194
Commercial Paper - 0.3%
Santander UK PLC 2.200%, 04/02/2013 *	$	3,000,000		2,999,817

				2,999,817
Repurchase Agreement - 2.5%
Repurchase Agreement with Citigroup
dated 03/28/2013 at 0.220% to be
repurchased at $23,700,579 on
04/01/2013, collateralized by
$24,185,000 U.S. Treasury Notes,
0.125% due 12/31/2013 (valued at
$24,192,266, including interest)		23,700,000		23,700,000

TOTAL SHORT-TERM INVESTMENTS (Cost $69,064,894)			$	69,205,679

Total Investments (Global Bond Trust)
(Cost $967,311,048) - 100.7%			$	974,385,525
Other assets and liabilities, net - (0.7%)				(6,902,364)

TOTAL NET ASSETS - 100.0%			$	967,483,161




Global Diversification Trust
		Shares or
		Principal
		Amount		Value


INVESTMENT COMPANIES - 100.0%
Affiliated Investment Companies (G) - 26.2%
John Hancock Variable Insurance Trust - 26.2%


Global Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value

INVESTMENT COMPANIES (continued)
Fixed Income - 26.2%
Bond Trust, Series NAV (John Hancock) (A)(1)	14,664,475	$	205,889,230
American Funds Insurance Series - 73.8%
Equity - 66.1%
American Global Growth Fund - Class 1	12,948,021		323,829,999
American Global Small Capitalization
Fund - Class 1	5,387,861		119,826,022
American New World Fund - Class 1	3,312,854		75,798,111
Fixed Income - 7.7%
American High-Income Bond Fund - Class 1	5,274,759		60,237,743

TOTAL INVESTMENT COMPANIES (Cost $637,974,041)		$	785,581,105

Total Investments (Global Diversification Trust)
(Cost $637,974,041) - 100.0%		$	785,581,105
Other assets and liabilities, net - 0.0%			(13,411)

TOTAL NET ASSETS - 100.0%		$	785,567,694




Growth Equity Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 99.6%
Consumer Discretionary - 20.1%
Hotels, Restaurants & Leisure - 0.6%
Starwood Hotels & Resorts Worldwide, Inc.	44,330	$	2,825,145
Internet & Catalog Retail - 3.8%
Amazon.com, Inc. (I)	48,290		12,868,802
priceline.com, Inc. (I)	7,300		5,021,889

			17,890,691
Media - 8.3%
CBS Corp., Class B	183,020		8,545,204
Comcast Corp., Class A	280,460		11,782,125
Discovery Communications, Inc., Class A (I)	85,930		6,766,128
Liberty Global, Inc., Class A (I)	31,940		2,344,396
The Walt Disney Company	166,830		9,475,944

			38,913,797
Multiline Retail - 0.9%
Nordstrom, Inc.	79,580		4,395,203
Specialty Retail - 2.6%
The Home Depot, Inc.	112,610		7,857,926
Tractor Supply Company	40,100		4,175,613

			12,033,539
Textiles, Apparel & Luxury Goods - 3.9%
Michael Kors Holdings, Ltd. (I)	94,860		5,387,099
NIKE, Inc., Class B	116,120		6,852,241
Ralph Lauren Corp.	37,270		6,310,184

			18,549,524

			94,607,899
Consumer Staples - 9.4%
Beverages - 3.5%
Anheuser-Busch InBev NV, ADR	97,050		9,661,328
Diageo PLC, ADR	56,400		7,097,376

			16,758,704
Food & Staples Retailing - 4.0%
Costco Wholesale Corp.	70,970		7,530,627

150

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Growth Equity Trust (continued)
	Shares or
	Principal
	Amount		Value

COMMON STOCKS (continued)
Food & Staples Retailing (continued)
CVS Caremark Corp.	119,630	$	6,578,454
Whole Foods Market, Inc.	53,700		4,658,475

			18,767,556
Household Products - 0.2%
Church & Dwight Company, Inc.	14,530		939,074
Personal Products - 1.7%
The Estee Lauder Companies, Inc., Class A	122,510		7,844,315

			44,309,649
Energy - 3.5%
Energy Equipment & Services - 2.6%
Cameron International Corp. (I)	69,370		4,522,924
Schlumberger, Ltd.	99,510		7,452,304

			11,975,228
Oil, Gas & Consumable Fuels - 0.9%
Anadarko Petroleum Corp.	48,590		4,249,196

			16,224,424
Financials - 4.4%
Capital Markets - 2.9%
T. Rowe Price Group, Inc.	84,820		6,350,473
The Goldman Sachs Group, Inc.	49,320		7,257,438

			13,607,911
Diversified Financial Services - 1.5%
IntercontinentalExchange, Inc. (I)	43,250		7,052,778

			20,660,689
Health Care - 13.7%
Biotechnology - 5.2%
BioMarin Pharmaceutical, Inc. (I)	68,700		4,277,262
Celgene Corp. (I)	61,770		7,159,761
Gilead Sciences, Inc. (I)	262,570		12,847,550

			24,284,573
Health Care Equipment & Supplies - 0.9%
Intuitive Surgical, Inc. (I)	8,540		4,194,763
Health Care Providers & Services - 1.3%
Catamaran Corp. (I)	114,970		6,096,859
Life Sciences Tools & Services - 1.0%
Illumina, Inc. (I) (L)	87,370		4,717,980
Pharmaceuticals - 5.3%
Actavis, Inc. (I)	49,970		4,602,737
Allergan, Inc.	81,020		9,044,263
Novo Nordisk A/S, ADR	53,000		8,559,500
Shire PLC, ADR	33,020		3,016,707

			25,223,207

			64,517,382
Industrials - 11.6%
Aerospace & Defense - 3.6%
Honeywell International, Inc.	102,610		7,731,664
Precision Castparts Corp.	49,400		9,367,228

			17,098,892
Electrical Equipment - 3.3%
AMETEK, Inc.	199,150		8,635,144
Eaton Corp. PLC	111,790		6,847,138

			15,482,282
Machinery - 1.9%
Cummins, Inc.	77,430		8,967,168


Growth Equity Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Professional Services - 1.1%
Verisk Analytics, Inc., Class A (I)	81,890	$	5,046,881
Road & Rail - 1.7%
Kansas City Southern	70,910		7,863,919

			54,459,142
Information Technology - 28.8%
Communications Equipment - 2.5%
QUALCOMM, Inc.	175,200		11,729,640
Computers & Peripherals - 5.2%
Apple, Inc.	39,940		17,678,642
EMC Corp. (I)	289,590		6,918,305

			24,596,947
Electronic Equipment, Instruments & Components - 0.7%
Trimble Navigation, Ltd. (I)	110,430		3,308,483
Internet Software & Services - 6.8%
eBay, Inc. (I)	98,740		5,353,683
Facebook, Inc., Class A (I)	212,870		5,445,215
Google, Inc., Class A (I)	26,620		21,137,079

			31,935,977
IT Services - 7.6%
Accenture PLC, Class A	145,100		11,023,247
Mastercard, Inc., Class A	17,710		9,583,412
Teradata Corp. (I)	71,260		4,169,423
Visa, Inc., Class A	64,840		11,012,426

			35,788,508
Software - 6.0%
Citrix Systems, Inc. (I)	65,760		4,745,242
Intuit, Inc.	76,530		5,024,195
Red Hat, Inc. (I)	89,590		4,529,670
Salesforce.com, Inc. (I)	38,400		6,867,072
SAP AG, ADR (L)	83,930		6,759,722

			27,925,901

			135,285,456
Materials - 5.6%
Chemicals - 4.7%
Ecolab, Inc.	62,990		5,050,538
LyondellBasell Industries NV, Class A	75,940		4,806,243
Monsanto Company	80,730		8,527,510
Praxair, Inc.	32,930		3,673,012

			22,057,303
Metals & Mining - 0.9%
Freeport-McMoRan Copper & Gold, Inc.	121,180		4,011,058

			26,068,361
Telecommunication Services - 2.5%
Diversified Telecommunication Services - 1.1%
American Tower Corp.	64,990		4,999,031
Wireless Telecommunication Services - 1.4%
Crown Castle International Corp. (I)	95,090		6,622,068

			11,621,099

TOTAL COMMON STOCKS (Cost $393,689,432)		$	467,754,101


SECURITIES LENDING COLLATERAL - 1.4%
John Hancock Collateral
Investment Trust, 0.2481% (W) (Y)	658,435		6,590,078

TOTAL SECURITIES LENDING
COLLATERAL (Cost $6,590,004)		$	6,590,078

151

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Growth Equity Trust (continued)
	Shares or
	Principal
	Amount		Value


SHORT-TERM INVESTMENTS - 0.3%
Money Market Funds - 0.3%
State Street Institutional US Government
Money Market Fund, 0.0241% (Y)	1,481,335		1,481,335

TOTAL SHORT-TERM INVESTMENTS (Cost $1,481,335)		$	1,481,335

Total Investments (Growth Equity Trust)
(Cost $401,760,771) - 101.3%		$	475,825,514
Other assets and liabilities, net - (1.3%)			(5,921,709)

TOTAL NET ASSETS - 100.0%		$	469,903,805




Health Sciences Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 95.3%
Consumer Staples - 0.4%
Food & Staples Retailing - 0.4%
CP ALL PCL	283,700	$	443,206
Raia Drogasil SA	49,276		525,253

			968,459
Financials - 0.1%
Insurance - 0.1%
eHealth, Inc. (I)	10,300		184,164
Health Care - 92.8%
Biotechnology - 35.4%
3SBio Inc., ADR (I)	30,800		468,160
Abcam PLC	42,962		292,516
Acadia Pharmaceuticals, Inc. (I)	12,600		100,044
Achillion Pharmaceuticals, Inc. (I)	32,200		281,428
Acorda Therapeutics, Inc. (I)	16,261		520,840
Aegerion Pharmaceuticals, Inc. (I)	46,100		1,859,674
Alexion Pharmaceuticals, Inc. (D)(I)	112,840		10,397,078
Alkermes PLC (I)	114,000		2,702,940
Allos Therapeutics, Inc. (I)	28,700		0
Alnylam Pharmaceuticals, Inc. (I)	22,500		548,325
AMAG Pharmaceuticals, Inc. (I)	32,700		779,895
Amarin Corp. PLC, ADR (I)	75,700		560,937
Amgen, Inc. (D)	26,700		2,737,017
Anacor Pharmaceuticals, Inc. (I)	38,900		251,294
AP Pharma, Inc. (I)	450,600		166,722
Ariad Pharmaceuticals, Inc. (D)(I)	19,400		350,946
Basilea Pharmaceutica (I)	1,123		68,079
Biocon, Ltd.	13,200		66,302
Biogen Idec, Inc. (I)	8,619		1,662,691
BioMarin Pharmaceutical, Inc. (I)	48,500		3,019,610
Celgene Corp. (D)(I)	30,766		3,566,087
ChemoCentryx, Inc. (I)	3,700		51,134
China Biologic Products, Inc. (I)	5,100		141,423
Clovis Oncology, Inc. (I)	4,900		140,483
Cubist Pharmaceuticals, Inc. (I)	35,300		1,652,746
Cytokinetics, Inc. (I)	83,900		95,646
Dendreon Corp. (I)	29,600		140,008
Dyadic International, Inc. (I)	18,500		32,005
Elan Corp. PLC, ADR (I)	146,500		1,728,700
Exact Sciences Corp. (I)	9,100		89,180
Exelixis, Inc. (I)	114,500		528,990
Gilead Sciences, Inc. (D)(I)	222,792		10,901,213
Grifols SA, ADR (I)	8,085		234,546
Grifols SA, B Shares (I)	4,400		126,282


Health Sciences Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Biotechnology (continued)
GTx, Inc. (I)	6,600	$	27,390
Halozyme Therapeutics, Inc. (I)	5,600		32,312
Idenix Pharmaceuticals, Inc. (I)	142,604		507,670
Immunogen, Inc. (I)	9,300		149,358
Incyte Corp. (I)	182,100		4,262,961
Infinity Pharmaceuticals, Inc. (I)	24,075		1,166,915
Intercept Pharmaceuticals, Inc. (I)	3,700		138,380
InterMune, Inc. (I)	73,900		668,795
Ironwood Pharmaceuticals, Inc. (I)	11,200		204,848
Isis Pharmaceuticals, Inc. (I)	20,300		343,882
Lexicon Pharmaceuticals, Inc. (I)	42,400		92,432
Medivation, Inc. (I)	38,600		1,805,322
Neurocrine Biosciences, Inc. (I)	75,700		918,998
Onyx Pharmaceuticals, Inc. (I)	37,638		3,344,513
Orexigen Therapeutics, Inc. (I)	21,500		134,375
Pharmacyclics, Inc. (I)	73,200		5,886,012
Prothena Corp. PLC (I)	3,948		26,412
Puma Biotechnology, Inc. (I)	24,087		804,265
Regeneron Pharmaceuticals, Inc. (D)(I)	20,000		3,528,000
Rigel Pharmaceuticals, Inc. (I)	43,500		295,365
Sarepta Therapeutics, Inc. (I)	12,900		476,655
Seattle Genetics, Inc. (I)	16,200		575,262
Sinovac Biotech, Ltd. (I)	10,000		37,200
Sophiris Bio, Inc. (I)	207,000		52,980
Swedish Orphan Biovitrum AB (I)	60,245		388,114
Synageva BioPharma Corp. (I)	1,900		104,348
Synta Pharmaceuticals Corp. (I)	9,300		79,980
TESARO, Inc. (I)	30,085		660,667
Theravance, Inc. (I)	27,400		647,188
Threshold Pharmaceuticals, Inc. (I)	21,600		99,576
United Therapeutics Corp. (I)	4,800		292,176
Vertex Pharmaceuticals, Inc. (I)	20,804		1,143,804
Vical, Inc. (I)	67,900		270,242

			75,429,338
Health Care Equipment & Supplies - 13.0%
Abbott Laboratories	20,700		731,124
ArthroCare Corp. (I)	16,200		563,112
Baxter International, Inc.	41,300		3,000,032
Conceptus, Inc. (I)	54,000		1,304,100
Covidien PLC (D)	46,625		3,163,040
Cynosure, Inc., Class A (I)	10,200		266,934
DENTSPLY International, Inc.	50,750		2,152,815
Edwards Lifesciences Corp. (D)(I)	19,100		1,569,256
Endologix, Inc. (I)	9,000		145,350
EnteroMedics, Inc. (I)	50,650		50,650
GenMark Diagnostics, Inc. (I)	49,800		643,416
HeartWare International, Inc. (I)	16,800		1,485,624
Hill-Rom Holdings, Inc.	10,900		383,898
IDEXX Laboratories, Inc. (I)	20,100		1,857,039
Insulet Corp. (I)	20,400		527,544
Intuitive Surgical, Inc. (D)(I)	3,200		1,571,808
Meridian Bioscience, Inc.	10,300		235,046
Nobel Biocare Holding AG	6,740		67,676
Shandong Weigao Group Medical Polymer
Company, Ltd., H Shares	304,000		275,807
Sonova Holding AG	1,262		151,562
Stryker Corp. (D)	43,000		2,805,320
The Cooper Companies, Inc. (D)	15,635		1,686,704
Tornier BV (I)	15,300		288,405
Urologix, Inc. (I)	71,100		39,105
Volcano Corp. (I)	31,000		690,060
Wright Medical Group, Inc. (I)	6,361		151,455

152

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Health Sciences Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Health Care Equipment & Supplies (continued)
Zimmer Holdings, Inc. (D)	24,600	$	1,850,412

			27,657,294
Health Care Providers & Services - 20.9%
Acadia Healthcare Company, Inc. (I)	31,000		911,090
Aetna, Inc.	48,900		2,499,768
Air Methods Corp.	20,864		1,006,479
AmerisourceBergen Corp.	33,700		1,733,865
Amil Participacoes SA	8,500		132,963
Bumrungrad Hospital PCL	163,400		479,850
Cardinal Health, Inc.	5,100		212,262
Catamaran Corp. (D)(I)	170,438		9,038,327
Centene Corp. (I)	32,000		1,409,280
Cigna Corp.	10,300		642,411
Community Health Systems, Inc.	7,300		345,947
DaVita HealthCare Partners, Inc. (D)(I)	10,195		1,209,025
Diagnosticos da America SA	24,100		138,225
Express Scripts Holding Company (I)	35,045		2,020,344
Fleury SA	17,700		166,073
Fresenius Medical Care AG &
Company KGaA	8,910		601,529
Fresenius SE & Company KGaA	4,820		594,950
HCA Holdings, Inc.	22,300		906,049
Health Management
Associates, Inc., Class A (I)	5,600		72,072
Henry Schein, Inc. (I)	27,200		2,517,360
Humana, Inc.	6,300		435,393
Laboratory Corp. of America Holdings (I)	20,500		1,849,100
LCA-Vision, Inc. (I)	44,904		150,877
McKesson Corp. (D)	29,800		3,217,208
MEDNAX, Inc. (I)	15,500		1,389,265
MWI Veterinary Supply, Inc. (I)	6,200		820,012
Odontoprev SA	47,400		216,036
Quest Diagnostics, Inc.	11,100		626,595
Select Medical Holdings Corp.	26,000		234,000
Shanghai Pharmaceuticals Holding
Company, Ltd., H Shares	187,100		410,738
Sinopharm Group Company, Ltd., H Shares	50,400		162,817
Triple-S Management Corp., Class B (I)	6,600		114,972
UnitedHealth Group, Inc.	72,300		4,136,283
Universal Health Services, Inc., Class B	42,150		2,692,121
WellCare Health Plans, Inc. (I)	24,600		1,425,816

			44,519,102
Health Care Technology - 1.8%
athenahealth, Inc. (I)	16,600		1,610,864
Cerner Corp. (I)	8,000		758,000
HMS Holdings Corp. (I)	54,600		1,482,390

			3,851,254
Life Sciences Tools & Services - 3.1%
Agilent Technologies, Inc.	31,100		1,305,267
Bruker Corp. (I)	34,400		657,040
Covance, Inc. (I)	21,300		1,583,016
Illumina, Inc. (I)	5,150		278,100
Mettler-Toledo International, Inc. (I)	2,800		597,016
Thermo Fisher Scientific, Inc.	27,900		2,134,071

			6,554,510
Pharmaceuticals - 18.6%
AbbVie, Inc.	53,300		2,173,574
Actavis, Inc. (I)	2,600		239,486
Allergan, Inc. (D)	5,200		580,476
Auxilium Pharmaceuticals, Inc. (I)	21,500		371,520
AVANIR Pharmaceuticals, Inc., Class A (I)	284,000		778,160


Health Sciences Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Pharmaceuticals (continued)
Bayer AG	9,566	$	986,999
Bayer AG, ADR	400		41,420
Bristol-Myers Squibb Company	17,100		704,349
Cadence Pharmaceuticals, Inc. (I)	106,200		710,478
CFR Pharmaceuticals SA	764,200		196,925
China Medical System Holdings, Ltd.	1,156,200		1,178,868
Depomed, Inc. (I)	19,200		112,704
Eli Lilly & Company (D)	12,000		681,480
Endocyte, Inc. (I)	9,200		114,540
Forest Laboratories, Inc. (I)	40,200		1,529,208
GlaxoSmithKline Pharmaceuticals, Ltd.	1,606		65,786
GlaxoSmithKline PLC	30,742		719,567
Hikma Pharmaceuticals PLC	6,668		104,815
Hospira, Inc. (I)	15,500		508,865
Impax Laboratories, Inc. (I)	22,100		341,224
Ipca Laboratories, Ltd.	30,693		307,546
Jazz Pharmaceuticals PLC (I)	20,700		1,157,337
Lijun International
Pharmaceutical Holding, Ltd.	168,000		51,297
Merck & Company, Inc.	56,509		2,499,393
Natco Pharma, Ltd.	6,048		48,468
Nektar Therapeutics (I)	13,700		150,700
Novo Nordisk A/S, Class B	3,490		569,709
Optimer Pharmaceuticals, Inc. (I)	56,805		675,980
Pacira Pharmaceuticals, Inc. (I)	55,100		1,590,186
Pfizer, Inc.	48,801		1,408,397
Ranbaxy Laboratories, Ltd. (I)	18,713		152,684
Roche Holdings AG	7,746		1,808,483
Salix Pharmaceuticals, Ltd. (I)	8,500		435,030
Sawai Pharmaceutical Company, Ltd.	6,700		796,229
Shire PLC	13,471		410,255
Shire PLC, ADR	6,500		593,840
Simcere Pharmaceutical Group, ADR (I)	19,800		182,358
Stada Arzneimittel AG	8,910		364,747
Stemline Therapeutics, Inc. (I)	9,700		110,677
Sun Pharmaceutical Industries, Ltd.	20,398		307,904
Supernus Pharmaceuticals, Inc. (I)	75,700		425,434
Teva Pharmaceutical Industries, Ltd., ADR (D)	22,365		887,443
The Medicines Company (I)	88,155		2,946,140
Towa Pharmaceutical Company, Ltd.	9,500		502,725
UCB SA	18,934		1,209,626
Valeant
Pharmaceuticals International, Inc. (D)(I)	84,380		6,330,188
Vectura Group PLC (I)	59,375		81,943
ViroPharma, Inc. (I)	27,500		691,900
Warner Chilcott PLC, Class A	13,000		176,150
XenoPort, Inc. (I)	73,200		523,380
Zoetis, Inc. (I)	4,900		163,660

			39,700,253

			197,711,751
Industrials - 0.7%
Commercial Services & Supplies - 0.2%
Stericycle, Inc. (I)	4,200		445,956
Professional Services - 0.5%
The Advisory Board Company (I)	18,300		961,116

			1,407,072
Information Technology - 0.8%
IT Services - 0.3%
MAXIMUS, Inc.	9,300		743,721

153

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Health Sciences Trust (continued)
		Shares or
		Principal
		Amount		Value



COMMON STOCKS (continued)
Software - 0.5%
Nuance Communications, Inc. (I)		47,600	$	960,568

				1,704,289
Materials - 0.5%
Chemicals - 0.5%
Monsanto Company (D)		9,500		1,003,485

TOTAL COMMON STOCKS (Cost $136,901,018)			$	202,979,220


PREFERRED SECURITIES - 0.1%
Health Care - 0.0%
Ultragenyx Pharmaceutical, Inc. (I)(R)		44,236		122,507
Information Technology - 0.1%
Castlight Health, Inc. (I)(R)		27,963		168,800

TOTAL PREFERRED SECURITIES (Cost $291,307)			$	291,307


CONVERTIBLE BONDS - 0.1%
Health Care - 0.1%
HeartWare International, Inc.
3.500%, 12/15/2017	$	51,000	$	60,371
Insulet Corp. 3.750%, 06/15/2016		52,000		61,425
Omthera Pharmaceuticals, Inc.
8.000%, 02/15/2014		83,324		82,491

TOTAL CONVERTIBLE BONDS (Cost $184,354)			$	204,287


RIGHTS - 0.0%
Health Care - 0.0%
Wright Medical Group, Inc. (Expiration
Date: 01/02/2024) (I)		7,500		18,750

TOTAL RIGHTS (Cost $18,750)			$	18,750


WARRANTS - 0.0%
Alexza Pharmaceuticals, Inc. (Expiration Date
10/05/2016; Strike price $2.77) (I)		1,413		109
Cadence Pharmaceuticals, Inc. (Expiration
Date 02/18/2014; Strike price $7.84) (I)		10,500		7,306
EnteroMedics, Inc. (Expiration Date:
06/13/2016; Strike Price $2.19) (I)		30,600		3,308
EnteroMedics, Inc. (Expiration Date
09/28/2016; Strike price $1.90) (I)		4,120		603
Omthera Pharmaceuticals, Inc. (Expiration
Date 02/15/2023; Strike price $0.01) (I)		20,831		833
Cytokinetics, Inc. (Expiration Date:
06/20/2017; Strike Price: $0.88) (I)		77,760		20,543

TOTAL WARRANTS (Cost $3,920)			$	32,702


SHORT-TERM INVESTMENTS - 5.2%
Money Market Funds - 5.2%
State Street Institutional U.S. Government
Money Market Fund, 0.0241% (Y)	$	437,332	$	437,332
T. Rowe Price Reserve Investment
Fund, 0.0959% (Y)		10,568,579		10,568,579

TOTAL SHORT-TERM INVESTMENTS (Cost $11,005,911)			$	11,005,911

Total Investments (Health Sciences Trust)
(Cost $148,405,260) - 100.7%			$	214,532,177
Other assets and liabilities, net - (0.7%)				(1,496,508)

TOTAL NET ASSETS - 100.0%			$	213,035,669


Heritage Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 99.4%
Consumer Discretionary - 21.3%
Auto Components - 1.0%
BorgWarner, Inc. (I)(L)	18,431	$	1,425,454
Automobiles - 1.6%
Harley-Davidson, Inc.	42,902		2,286,677
Diversified Consumer Services - 0.2%
Sotheby’s	7,624		285,214
Hotels, Restaurants & Leisure - 2.2%
Bally Technologies, Inc. (I)(L)	17,207		894,248
Norwegian Cruise Line Holdings, Ltd. (I)(L)	18,159		538,414
Panera Bread Company, Class A (I)	6,156		1,017,217
Wyndham Worldwide Corp.	11,358		732,364

			3,182,243
Household Durables - 0.8%
Toll Brothers, Inc. (I)	32,114		1,099,583
Internet & Catalog Retail - 2.2%
Blue Nile, Inc. (I)(L)	7,440		256,308
Expedia, Inc. (L)	22,983		1,379,210
priceline.com, Inc. (I)	2,292		1,576,736

			3,212,254
Media - 4.5%
AMC Networks, Inc., Class A (I)	13,023		822,793
Discovery Communications, Inc., Class A (I)	24,817		1,954,091
Liberty Global, Inc., Class A (I)(L)	26,058		1,912,657
Scripps Networks Interactive, Inc., Class A	11,463		737,529
Sirius XM Radio, Inc. (L)	362,092		1,115,243

			6,542,313
Specialty Retail - 6.1%
DSW, Inc., Class A	12,600		803,880
GNC Holdings, Inc., Class A	24,229		951,715
Lumber Liquidators Holdings, Inc. (I)	12,571		882,736
O’Reilly Automotive, Inc. (I)	6,920		709,646
PetSmart, Inc.	26,660		1,655,586
Ross Stores, Inc.	15,083		914,331
Tractor Supply Company	13,266		1,381,389
Ulta Salon Cosmetics & Fragrance, Inc. (I)	7,778		631,340
Urban Outfitters, Inc. (I)	24,879		963,812

			8,894,435
Textiles, Apparel & Luxury Goods - 2.7%
Michael Kors Holdings, Ltd. (I)	31,197		1,771,678
PVH Corp.	10,848		1,158,675
Under Armour, Inc., Class A (I)	19,731		1,010,227

			3,940,580

			30,868,753
Consumer Staples - 7.4%
Beverages - 0.6%
Brown-Forman Corp., Class B	11,504		821,386
Food & Staples Retailing - 3.9%
Costco Wholesale Corp.	21,915		2,325,401
Pricesmart, Inc. (L)	10,717		834,104
Whole Foods Market, Inc.	27,941		2,423,882

			5,583,387
Food Products - 1.7%
McCormick & Company, Inc., Non-
Voting Shares (L)	9,865		725,571
Mead Johnson Nutrition Company	13,929		1,078,801

154

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Heritage Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Food Products (continued)
The Hain Celestial Group, Inc. (I)(L)	11,311	$	690,876

			2,495,248
Household Products - 1.2%
Church & Dwight Company, Inc.	28,063		1,813,712

			10,713,733
Energy - 5.3%
Energy Equipment & Services - 2.2%
Atwood Oceanics, Inc. (I)	18,280		960,431
Cameron International Corp. (I)	18,340		1,195,768
McDermott International, Inc. (I)	45,495		499,990
Patterson-UTI Energy, Inc. (L)	26,161		623,678

			3,279,867
Oil, Gas & Consumable Fuels - 3.1%
Cabot Oil & Gas Corp.	29,204		1,974,482
Concho Resources, Inc. (I)	14,396		1,402,602
Linn Energy LLC	28,007		1,061,465

			4,438,549

			7,718,416
Financials - 6.9%
Capital Markets - 2.3%
KKR & Company LP	45,366		876,471
Lazard, Ltd., Class A	33,150		1,131,410
Raymond James Financial, Inc.	27,695		1,276,740

			3,284,621
Commercial Banks - 1.4%
East West Bancorp, Inc.	34,448		884,280
SVB Financial Group (I)	15,921		1,129,436

			2,013,716
Consumer Finance - 1.5%
Discover Financial Services	48,118		2,157,611
Insurance - 0.5%
Cincinnati Financial Corp.	15,332		723,517
Real Estate Management & Development - 1.2%
CBRE Group, Inc., Class A (I)	41,947		1,059,162
Realogy Holdings Corp. (I)	15,139		739,389

			1,798,551

			9,978,016
Health Care - 13.8%
Biotechnology - 4.1%
Alexion Pharmaceuticals, Inc. (I)	19,147		1,764,205
Grifols SA (I)	36,196		1,345,945
Medivation, Inc. (I)	13,208		617,738
Onyx Pharmaceuticals, Inc. (I)	9,043		803,561
Regeneron Pharmaceuticals, Inc. (I)	7,860		1,386,504

			5,917,953
Health Care Equipment & Supplies - 2.4%
IDEXX Laboratories, Inc. (I)	11,429		1,055,925
Sirona Dental Systems, Inc. (I)	10,851		800,044
Teleflex, Inc.	3,770		318,603
The Cooper Companies, Inc.	11,471		1,237,491

			3,412,063
Health Care Providers & Services - 3.7%
Catamaran Corp. (I)	80,840		4,286,945
Express Scripts Holding Company (I)	19,698		1,135,590

			5,422,535


Heritage Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Health Care Technology - 1.0%
athenahealth, Inc. (I)(L)	1,498	$	145,366
Cerner Corp. (I)(L)	13,102		1,241,415

			1,386,781
Life Sciences Tools & Services - 0.5%
Covance, Inc. (I)	10,516		781,549
Pharmaceuticals - 2.1%
Actavis, Inc. (I)	16,224		1,494,393
Perrigo Company (L)	12,313		1,461,922
Zoetis, Inc. (I)	4,340		144,956

			3,101,271

			20,022,152
Industrials - 17.6%
Aerospace & Defense - 1.8%
TransDigm Group, Inc.	11,875		1,815,925
Triumph Group, Inc.	9,230		724,555

			2,540,480
Building Products - 1.6%
Fortune Brands Home & Security, Inc. (I)	37,262		1,394,717
Lennox International, Inc.	14,503		920,795

			2,315,512
Commercial Services & Supplies - 1.5%
Cintas Corp.	18,140		800,518
Stericycle, Inc. (I)	13,553		1,439,058

			2,239,576
Construction & Engineering - 2.7%
Chicago Bridge & Iron Company NV	12,914		801,959
MasTec, Inc. (I)(L)	47,657		1,389,202
Quanta Services, Inc. (I)	57,875		1,654,068

			3,845,229
Electrical Equipment - 0.9%
Eaton Corp. PLC	22,259		1,363,364
Machinery - 3.4%
Chart Industries, Inc. (I)(L)	8,930		714,489
Flowserve Corp.	9,649		1,618,234
Trinity Industries, Inc. (L)	29,272		1,326,900
Valmont Industries, Inc.	8,175		1,285,682

			4,945,305
Road & Rail - 4.5%
Canadian Pacific Railway, Ltd.	17,975		2,345,198
Genesee & Wyoming, Inc., Class A (I)	7,722		718,995
Kansas City Southern	31,393		3,481,484

			6,545,677
Trading Companies & Distributors - 1.2%
United Rentals, Inc. (I)(L)	30,468		1,674,826

			25,469,969
Information Technology - 17.6%
Communications Equipment - 0.9%
Palo Alto Networks, Inc. (I)	14,108		798,513
Research In Motion, Ltd. (I)(L)	35,714		516,067

			1,314,580
Computers & Peripherals - 1.5%
NetApp, Inc. (I)	61,496		2,100,703
Electronic Equipment, Instruments & Components - 2.0%
FLIR Systems, Inc.	36,988		962,058

155

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Heritage Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Electronic Equipment, Instruments &
Components (continued)
Trimble Navigation, Ltd. (I)	65,280	$	1,955,789

			2,917,847
Internet Software & Services - 3.2%
Equinix, Inc. (I)(L)	6,433		1,391,522
LinkedIn Corp., Class A (I)	12,939		2,278,040
Rackspace Hosting, Inc. (I)(L)	13,928		703,085
Xoom Corp. (I)(L)	9,848		224,928

			4,597,575
IT Services - 3.4%
Alliance Data Systems Corp. (I)	19,357		3,133,705
Cognizant Technology
Solutions Corp., Class A (I)	9,805		751,161
Teradata Corp. (I)	18,253		1,067,983

			4,952,849
Semiconductors & Semiconductor Equipment - 3.0%
ARM Holdings PLC	50,592		711,671
Cree, Inc. (I)	10,478		573,251
NXP Semiconductor NV (I)	34,919		1,056,649
Xilinx, Inc.	52,658		2,009,956

			4,351,527
Software - 3.6%
CommVault Systems, Inc. (I)	18,172		1,489,741
NetSuite, Inc. (I)(L)	25,686		2,056,421
Salesforce.com, Inc. (I)	4,098		732,845
Splunk, Inc. (I)	23,930		957,918

			5,236,925

			25,472,006
Materials - 6.8%
Chemicals - 5.2%
Airgas, Inc. (L)	14,877		1,475,203
American Vanguard Corp. (L)	17,510		534,755
Cytec Industries, Inc.	14,452		1,070,604
Eastman Chemical Company	10,229		714,700
FMC Corp.	31,659		1,805,513
The Sherwin-Williams Company	9,953		1,680,962
Westlake Chemical Corp.	2,306		215,611

			7,497,348
Construction Materials - 0.9%
Martin Marietta Materials, Inc.	8,599		877,270
Texas Industries, Inc. (I)(L)	5,907		372,791

			1,250,061
Metals & Mining - 0.4%
First Quantum Minerals, Ltd.	31,185		593,094
Paper & Forest Products - 0.3%
Boise Cascade Company (I)	13,782		467,761

			9,808,264
Telecommunication Services - 2.7%
Diversified Telecommunication Services - 0.8%
tw telecom, Inc. (I)	44,195		1,113,272
Wireless Telecommunication Services - 1.9%
SBA Communications Corp., Class A (I)(L)	38,290		2,757,646

			3,870,918

TOTAL COMMON STOCKS (Cost $112,219,502)		$	143,922,227


Heritage Trust (continued)
		Shares or
		Principal
		Amount		Value


SECURITIES LENDING COLLATERAL - 13.5%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		1,948,849		19,505,442

TOTAL SECURITIES LENDING
COLLATERAL (Cost $19,505,236)			$	19,505,442


SHORT-TERM INVESTMENTS - 0.6%
Money Market Funds - 0.6%
State Street Institutional U.S. Government
Money Market Fund, 0.0241% (Y)		834,828		834,828

TOTAL SHORT-TERM INVESTMENTS (Cost $834,828)			$	834,828

Total Investments (Heritage Trust)
(Cost $132,559,566) - 113.5%			$	164,262,497
Other assets and liabilities, net - (13.5%)				(19,568,013)

TOTAL NET ASSETS - 100.0%			$	144,694,484




High Yield Trust
		Shares or
		Principal
		Amount		Value


FOREIGN GOVERNMENT
OBLIGATIONS - 1.9%
Argentina - 0.0%
Republic of Argentina
7.000%, 10/03/2015	$	130,000	$	109,850
Brazil - 0.6%
Federative Republic of Brazil
10.000%, 01/01/2014 to 01/01/2021	BRL	3,037,000		1,567,882

				1,567,882
Indonesia - 0.3%
Republic of Indonesia
10.250%, 07/15/2022	IDR	4,912,000,000		672,301
Mexico - 0.4%
Government of Mexico, Bond
6.500%, 06/09/2022	MXN	11,189,000		1,008,419
Venezuela - 0.6%
Republic of Venezuela
Zero Coupon 04/15/2020 (Z)	$	346,000		105,530
5.750%, 02/26/2016		1,621,000		1,527,793

				1,633,323

TOTAL FOREIGN GOVERNMENT
OBLIGATIONS (Cost $5,012,315)			$	4,991,775


CORPORATE BONDS - 85.6%
Consumer Discretionary - 16.6%
Affinity Gaming LLC
9.000%, 05/15/2018 (S)		610,000		651,175
American Axle & Manufacturing, Inc.
6.625%, 10/15/2022 (L)		880,000		910,800
American Greetings Corp.
7.375%, 12/01/2021		40,000		40,400
Bankrate, Inc.
11.750%, 07/15/2015		1,093,000		1,180,440
Bossier Casino Venture Holdco, Inc., PIK
14.000%, 02/09/2018 (S)		662,976		637,881
Boyd Gaming Corp.
9.000%, 07/01/2020 (S)		860,000		894,400
9.125%, 12/01/2018		140,000		148,488

156

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Consumer Discretionary (continued)
Caesars Entertainment
Operating Company, Inc.
8.500%, 02/15/2020	$	320,000	$	316,000
10.000%, 12/15/2015		130,000		120,575
10.750%, 02/01/2016		560,000		509,600
11.250%, 06/01/2017		680,000		723,350
Caesars Operating Escrow LLC
9.000%, 02/15/2020 (S)		240,000		241,500
Carmike Cinemas, Inc.
7.375%, 05/15/2019		250,000		274,375
Carrols Restaurant Group, Inc.
11.250%, 05/15/2018		680,000		765,850
CCM Merger, Inc.
9.125%, 05/01/2019 (S)		870,000		891,750
CCO Holdings LLC
6.500%, 04/30/2021		350,000		370,125
8.125%, 04/30/2020		340,000		379,950
Cengage Learning Acquisitions, Inc.
11.500%, 04/15/2020 (S)		590,000		442,500
Chrysler Group LLC
8.250%, 06/15/2021		720,000		803,700
Clear Channel Worldwide Holdings, Inc.
6.500%, 11/15/2022 (S)		750,000		788,375
7.625%, 03/15/2020		560,000		582,601
Continental Rubber of America Corp.
4.500%, 09/15/2019 (S)		1,300,000		1,329,250
CSC Holdings LLC
6.750%, 11/15/2021		1,260,000		1,412,775
CVR Refining LLC
6.500%, 11/01/2022 (S)		520,000		531,700
DISH DBS Corp.
6.750%, 06/01/2021		10,000		11,113
Downstream Development Authority of
the Quapaw Tribe of Oklahoma
10.500%, 07/01/2019 (S)		640,000		710,400
Dufry Finance SCA
5.500%, 10/15/2020 (S)		1,230,000		1,276,167
Edcon Pty, Ltd.
9.500%, 03/01/2018 (S)		1,110,000		1,104,450
Empire Today LLC
11.375%, 02/01/2017 (S)		370,000		385,263
Fontainebleau Las Vegas Holdings LLC
10.250%, 06/15/2015 (H)(S)		3,620,000		2,263
Good Sam Enterprises LLC
11.500%, 12/01/2016		820,000		874,325
Gymboree Corp.
9.125%, 12/01/2018 (L)		1,250,000		1,176,563
HOA Restaurant Group LLC
11.250%, 04/01/2017 (S)		720,000		676,800
Landry’s Holdings II, Inc.
10.250%, 01/01/2018 (S)		660,000		691,350
Landry’s, Inc.
9.375%, 05/01/2020 (S)		350,000		377,125
Laureate Education, Inc.
9.250%, 09/01/2019 (S)		520,000		577,850
LBI Media, Inc.
10.000%, 04/15/2019 (S)		280,000		259,000
Lynx II Corp.
6.375%, 04/15/2023 (S)		1,460,000		1,529,350
Mastro’s Restaurants LLC, PIK
12.000%, 06/01/2017 (S)		609,349		667,237
MCE Finance, Ltd.
5.000%, 02/15/2021 (S)		600,000		606,000


High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Consumer Discretionary (continued)
McGraw-Hill Global Education
Holdings LLC
9.750%, 04/01/2021 (S)	$	640,000	$	633,600
MDC Holdings, Inc.
6.000%, 01/15/2043		560,000		556,107
MDC Partners, Inc.
6.750%, 04/01/2020 (S)		340,000		343,400
Mohegan Tribal Gaming Authority
10.500%, 12/15/2016 (S)		1,530,000		1,507,050
Monitronics International, Inc.
9.125%, 04/01/2020		1,350,000		1,427,625
Nara Cable Funding, Ltd.
8.875%, 12/01/2018 (S)		1,150,000		1,204,625
NCL Corp., Ltd.
5.000%, 02/15/2018 (S)		510,000		519,563
9.500%, 11/15/2018		1,300,000		1,469,000
New Academy Finance Company LLC,
PIK
8.000%, 06/15/2018 (S)		140,000		144,900
Nielsen Finance LLC
4.500%, 10/01/2020 (S)		250,000		249,688
Ono Finance II PLC
10.875%, 07/15/2019 (S)		840,000		869,400
PH Holding LLC
9.750%, 12/31/2017		510,000		541,729
Reynolds Group Issuer, Inc.
8.000%, 12/15/2016 (S)	EUR	840,000		1,076,755
Rivers Pittsburgh Borrower LP
9.500%, 06/15/2019 (S)	$	180,000		196,650
Service Corp. International
7.500%, 04/01/2027		480,000		532,800
Seven Seas Cruises S. DE R.L. LLC
9.125%, 05/15/2019		990,000		1,071,675
Sinclair Television Group, Inc.
5.375%, 04/01/2021 (S)		470,000		466,475
Snoqualmie Entertainment Authority
4.223%, 02/01/2014 (P)(S)		240,000		238,800
Sotheby’s
5.250%, 10/01/2022 (S)		770,000		777,700
Spectrum Brands Escrow Corp.
6.625%, 11/15/2022 (S)		120,000		130,200
Speedway Motorsports, Inc.
6.750%, 02/01/2019 (S)		120,000		128,100
Spencer Spirit Holdings, Inc.
11.000%, 05/01/2017 (S)		600,000		655,500
Stewart Enterprises, Inc.
6.500%, 04/15/2019		220,000		234,850
The Bon-Ton Department Stores, Inc.
10.250%, 03/15/2014		67,000		67,335
10.625%, 07/15/2017		470,000		470,588
The ServiceMaster Company
8.000%, 02/15/2020		680,000		729,300
Unitymedia Hessen GmbH & Company
KG
5.500%, 01/15/2023 (S)		200,000		205,500
Univision Communications, Inc.
6.750%, 09/15/2022 (S)		30,000		32,400
6.875%, 05/15/2019 (S)		1,360,000		1,455,200
William Lyon Homes, Inc.
8.500%, 11/15/2020 (S)		760,000		828,400

				44,637,731

157

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Consumer Staples - 5.0%
Alliance One International, Inc.
10.000%, 07/15/2016	$	1,230,000	$	1,299,188
Chiquita Brands International, Inc.
7.875%, 02/01/2021 (S)		1,080,000		1,132,650
Harbinger Group, Inc.
7.875%, 07/15/2019 (S)		170,000		179,350
Harmony Foods Corp.
10.000%, 05/01/2016 (S)		297,000		320,018
Hawk Acquisition Sub, Inc.
4.250%, 10/15/2020 (S)		760,000		760,000
Hypermarcas SA
6.500%, 04/20/2021 (S)		1,350,000		1,459,688
Lantheus Medical Imaging, Inc.
9.750%, 05/15/2017		590,000		585,575
NES Rentals Holdings, Inc.
12.250%, 04/15/2015 (S)		780,000		824,850
Pactiv LLC
7.950%, 12/15/2025		30,000		28,500
Post Holdings, Inc.
7.375%, 02/15/2022		90,000		98,438
Reynolds Group Issuer, Inc.
9.000%, 04/15/2019		260,000		274,950
9.875%, 08/15/2019		1,710,000		1,874,588
Simmons Foods, Inc.
10.500%, 11/01/2017 (S)		1,260,000		1,252,125
The Sun Products Corp.
7.750%, 03/15/2021 (S)		700,000		705,250
Viskase Companies, Inc.
9.875%, 01/15/2018 (S)		2,190,000		2,321,400
Wells Enterprises, Inc.
6.750%, 02/01/2020 (S)		330,000		348,150

				13,464,720
Energy - 18.6%
Access Midstream Partners LP
4.875%, 05/15/2023		590,000		582,625
6.125%, 07/15/2022		800,000		858,000
Adaro Indonesia PT
7.625%, 10/22/2019 (S)		730,000		790,225
Arch Coal, Inc.
7.000%, 06/15/2019 (L)		470,000		424,175
8.750%, 08/01/2016		720,000		748,800
9.875%, 06/15/2019 (S)		380,000		389,500
Atlas Pipeline Partners LP
5.875%, 08/01/2023 (S)		570,000		567,150
6.625%, 10/01/2020 (S)		260,000		271,050
Atwood Oceanics, Inc.
6.500%, 02/01/2020		450,000		489,375
Basic Energy Services, Inc.
7.750%, 10/15/2022		40,000		41,200
Berry Petroleum Company
6.375%, 09/15/2022		210,000		223,125
Calumet Specialty Products Partners LP
9.375%, 05/01/2019		700,000		784,000
9.625%, 08/01/2020 (S)		430,000		484,825
Carrizo Oil & Gas, Inc.
7.500%, 09/15/2020		390,000		416,325
Chesapeake Energy Corp.
5.750%, 03/15/2023		990,000		1,003,613
6.125%, 02/15/2021 (L)		650,000		691,438
9.500%, 02/15/2015		20,000		22,600
Chesapeake Oilfield Operating LLC
6.625%, 11/15/2019 (S)		670,000		690,100


High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Energy (continued)
Cie Generale de Geophysique-Veritas
9.500%, 05/15/2016	$	560,000	$	588,000
Comstock Resources, Inc.
9.500%, 06/15/2020		540,000		591,300
Concho Resources, Inc.
5.500%, 10/01/2022		540,000		561,600
7.000%, 01/15/2021		200,000		220,000
CONSOL Energy, Inc.
8.250%, 04/01/2020		970,000		1,074,275
Continental Resources, Inc.
5.000%, 09/15/2022		650,000		690,625
Corral Petroleum Holdings AB, PIK
15.000%, 12/31/2017 (S)		1,138,025		1,098,908
Crosstex Energy LP
7.125%, 06/01/2022 (S)		330,000		349,800
8.875%, 02/15/2018		750,000		811,875
Energy Future Intermediate
Holding Company LLC
6.875%, 08/15/2017 (S)		1,160,000		1,220,900
11.750%, 03/01/2022 (S)		1,730,000		1,989,500
Energy Transfer Equity LP
7.500%, 10/15/2020		295,000		339,988
EPE Holdings LLC, PIK
8.125%, 12/15/2017 (S)		550,000		577,500
EXCO Resources, Inc.
7.500%, 09/15/2018		540,000		510,975
First Wind Capital LLC
10.250%, 06/01/2018 (S)		950,000		1,009,375
Gulfmark Offshore, Inc.
6.375%, 03/15/2022		720,000		748,800
Halcon Resources Corp.
8.875%, 05/15/2021 (S)		640,000		689,600
9.750%, 07/15/2020 (S)		760,000		839,800
Hercules Offshore, Inc.
7.125%, 04/01/2017 (S)		220,000		237,050
10.500%, 10/15/2017 (S)		2,065,000		2,240,525
Hiland Partners LP
7.250%, 10/01/2020 (S)		280,000		305,900
Key Energy Services, Inc.
6.750%, 03/01/2021		820,000		854,850
Kodiak Oil & Gas Corp.
8.125%, 12/01/2019		710,000		802,300
Magnum Hunter Resources Corp.
9.750%, 05/15/2020 (S)		970,000		1,018,500
Markwest Energy Partners LP
4.500%, 07/15/2023		860,000		841,725
MarkWest Energy Partners LP
6.250%, 06/15/2022		19,000		20,473
6.500%, 08/15/2021		527,000		569,160
6.750%, 11/01/2020		440,000		480,700
MEG Energy Corp.
6.375%, 01/30/2023 (S)		1,020,000		1,060,800
6.500%, 03/15/2021 (S)		360,000		383,400
Milagro Oil & Gas, Inc.
10.500%, 05/15/2016		810,000		631,800
Oil States International, Inc.
5.125%, 01/15/2023 (S)		590,000		590,000
6.500%, 06/01/2019		560,000		599,200
Overseas Shipholding Group, Inc.
8.125%, 03/30/2018 (H)		1,290,000		1,006,200
8.750%, 12/01/2013 (H)		260,000		200,850
Pacific Drilling V, Ltd.
7.250%, 12/01/2017 (S)		590,000		622,450

158

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Energy (continued)
Pan American Energy LLC
7.875%, 05/07/2021	$	299,000	$	285,545
Parker Drilling Company
9.125%, 04/01/2018		630,000		686,700
Peabody Energy Corp.
6.500%, 09/15/2020		500,000		532,500
7.875%, 11/01/2026		350,000		374,500
Petroleum Geo-Services ASA
7.375%, 12/15/2018 (S)		360,000		394,200
Pioneer Energy Services Corp.
9.875%, 03/15/2018		110,000		120,450
Plains Exploration & Production Company
6.125%, 06/15/2019		320,000		350,400
6.500%, 11/15/2020		640,000		707,200
6.750%, 02/01/2022		680,000		757,350
8.625%, 10/15/2019		280,000		317,800
QEP Resources, Inc.
5.375%, 10/01/2022		400,000		415,000
Quicksilver Resources, Inc.
8.250%, 08/01/2015		240,000		236,100
11.750%, 01/01/2016		1,820,000		1,856,400
Range Resources Corp.
5.000%, 08/15/2022		380,000		387,600
5.750%, 06/01/2021		140,000		150,150
Regency Energy Partners LP
5.500%, 04/15/2023		220,000		235,400
6.875%, 12/01/2018		90,000		98,100
Samson Investment Company
9.750%, 02/15/2020 (S)		1,700,000		1,806,250
SandRidge Energy, Inc.
7.500%, 03/15/2021 to 02/15/2023		750,000		779,875
SESI LLC
7.125%, 12/15/2021		740,000		827,875
Shelf Drilling Holdings, Ltd.
8.625%, 11/01/2018 (S)		470,000		498,200
Sidewinder Drilling, Inc.
9.750%, 11/15/2019 (S)		290,000		291,450
Targa Resources Partners LP
6.375%, 08/01/2022		700,000		764,750
Tesoro Logistics LP
5.875%, 10/01/2020 (S)		260,000		274,300
Xinergy Corp.
9.250%, 05/15/2019 (S)		1,110,000		788,100

				49,793,025
Financials - 6.2%
Ally Financial, Inc.
5.500%, 02/15/2017		220,000		238,067
Barclays Bank PLC
7.625%, 11/21/2022		320,000		316,400
10.179%, 06/12/2021 (S)		880,000		1,178,646
BBVA US Senior SAU
4.664%, 10/09/2015		370,000		379,425
CIT Group, Inc.
4.250%, 08/15/2017		560,000		585,200
5.500%, 02/15/2019 (S)		40,000		43,900
Corrections Corp. of America
4.125%, 04/01/2020 (S)		230,000		234,313
4.625%, 05/01/2023 (S)		290,000		295,800
Credit Agricole SA (8.375% to
10/13/2019, then 3 month
LIBOR + 6.982%)
10/13/2019 (Q)(S)		460,000		503,125


High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
DJO Finance LLC
9.750%, 10/15/2017	$	210,000	$	218,925
Fidelity & Guaranty Life Holdings, Inc.
6.375%, 04/01/2021 (S)		350,000		357,875
GMAC International Finance BV
7.500%, 04/21/2015	EUR	530,000		739,656
International Lease Finance Corp.
3.875%, 04/15/2018	$	70,000		69,913
4.625%, 04/15/2021		250,000		249,375
8.250%, 12/15/2020		1,260,000		1,543,500
8.625%, 01/15/2022 (L)		1,000,000		1,272,500
Liberty Mutual Group, Inc.
7.800%, 03/15/2037 (S)		430,000		500,950
M&T Bank Corp.
6.875%, 06/15/2016 (S)		790,000		844,984
Nationstar Mortgage LLC
7.875%, 10/01/2020 (S)		450,000		497,250
Neovia Logistics Intermediate
Holdings LLC, PIK
10.000%, 02/15/2018 (S)		630,000		626,850
Noranda Aluminum Acquisition Corp.
11.000%, 06/01/2019 (S)		460,000		460,000
Rabobank Nederland NV (11.000% to
06/30/2019, then 3 month
LIBOR + 10.868%)
06/30/2019 (Q)(S)		1,070,000		1,431,125
Royal Bank of Scotland NV
7.750%, 05/15/2023		210,000		236,529
SPL Logistics Escrow LLC
8.875%, 08/01/2020 (S)		480,000		510,000
Taylor Morrison Communities, Inc.
7.750%, 04/15/2020 (S)		1,630,000		1,748,175
The Royal Bank of Scotland Group PLC
(7.648% to 09/30/2031, then 3 month
LIBOR + 2.500%)
09/30/2031 (Q)		720,000		748,800
Watco Companies LLC
6.375%, 04/01/2023 (S)		650,000		668,688

				16,499,971
Health Care - 3.9%
Acadia Healthcare Company, Inc.
6.125%, 03/15/2021 (S)		390,000		402,675
12.875%, 11/01/2018		390,000		477,750
Community Health Systems, Inc.
5.125%, 08/15/2018		160,000		167,600
7.125%, 07/15/2020		720,000		781,200
CRC Health Corp.
10.750%, 02/01/2016		1,780,000		1,797,800
DJO Finance LLC
9.875%, 04/15/2018		410,000		449,975
ExamWorks Group, Inc.
9.000%, 07/15/2019		470,000		509,950
Fresenius Medical Care
US Finance II, Inc.
5.875%, 01/31/2022 (S)		30,000		33,488
HCA Holdings, Inc.
6.250%, 02/15/2021		160,000		170,600
HCA, Inc.
5.875%, 03/15/2022		410,000		441,775
8.500%, 04/15/2019		490,000		540,838
Hologic, Inc.
6.250%, 08/01/2020		350,000		372,313

159

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Health Care (continued)
IASIS Healthcare LLC
8.375%, 05/15/2019	$	360,000	$	378,972
INC Research LLC
11.500%, 07/15/2019 (S)		260,000		278,850
Jaguar Holdings Company II
9.500%, 12/01/2019 (S)		270,000		309,825
Merge Healthcare, Inc.
11.750%, 05/01/2015		770,000		821,975
Physiotherapy Associates Holdings, Inc.
11.875%, 05/01/2019 (S)		210,000		202,125
Radnet Management, Inc.
10.375%, 04/01/2018		760,000		792,300
Tenet Healthcare Corp.
4.750%, 06/01/2020 (S)		620,000		623,100
Valeant Pharmaceuticals International
6.375%, 10/15/2020 (S)		510,000		537,731
Vanguard Health Holding
Company II LLC
8.000%, 02/01/2018		100,000		106,500
VPI Escrow Corp.
6.375%, 10/15/2020 (S)		250,000		263,438

				10,460,780
Industrials - 12.7%
Aguila 3 SA
7.875%, 01/31/2018 (S)		390,000		418,275
America West Airlines 2001-1 Pass
Through Trust
7.100%, 04/02/2021		383,141		426,245
American Airlines 2011-1 Class B Pass
Through Trust
7.000%, 01/31/2018 (S)		376,715		395,550
American Airlines 2013-1 Class B Pass
Through Trust
5.625%, 01/15/2021 (S)		260,000		263,250
American Reprographics Company
10.500%, 12/15/2016		1,090,000		1,087,275
Ardagh Packaging Finance PLC
7.375%, 10/15/2017 (S)	EUR	290,000		401,476
9.125%, 10/15/2020 (S)	$	1,190,000		1,316,825
Ashtead Capital, Inc.
6.500%, 07/15/2022 (S)		670,000		727,788
Ashton Woods USA LLC
6.875%, 02/15/2021 (S)		520,000		527,800
Ausdrill Finance Pty, Ltd.
6.875%, 11/01/2019 (S)		780,000		797,550
BC Mountain LLC
7.000%, 02/01/2021 (S)		180,000		190,800
Belden, Inc.
5.500%, 09/01/2022 (S)		580,000		594,500
Beverage Packaging Holdings
Luxembourg II SA
9.500%, 06/15/2017 (S)	EUR	860,000		1,132,707
Building Materials Corp. of America
7.500%, 03/15/2020 (S)	$	270,000		294,975
CMA CGM SA
8.500%, 04/15/2017 (S)		1,480,000		1,369,000
Continental Airlines 2001-1 Class B Pass
Through Trust
7.373%, 12/15/2015		199,443		209,675
Continental Airlines 2007-1 Class B Pass
Through Trust
6.903%, 04/19/2022		122,722		132,000


High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Industrials (continued)
Continental Airlines 2007-1 Class C Pass
Through Trust
7.339%, 04/19/2014	$	730,646	$	750,739
Continental Airlines 2012-3 Class C Pass
Through Trust
6.125%, 04/29/2018		350,000		351,750
Cooper-Standard Holding, Inc., PIK
7.375%, 04/01/2018 (S)		350,000		350,000
Delta Air Lines 2007-1 Class A Pass
Through Trust
6.821%, 08/10/2022		701,834		794,827
Delta Air Lines 2009-1 Series B Pass
Through Trust
9.750%, 12/17/2016		513,826		570,347
Delta Air Lines 2012-1 Class B Pass
Through Trust
6.875%, 05/07/2019 (S)		490,000		518,175
Dematic SA
7.750%, 12/15/2020 (S)		1,380,000		1,435,200
Ducommun, Inc.
9.750%, 07/15/2018		540,000		594,000
Florida East Coast Holdings Corp., PIK
10.500%, 08/01/2017		1,523,660		1,588,416
GenCorp, Inc.
7.125%, 03/15/2021 (S)		380,000		400,900
H&E Equipment Services, Inc.
7.000%, 09/01/2022 (S)		900,000		990,000
Hapag-Lloyd AG
9.750%, 10/15/2017 (L)(S)		760,000		799,900
Hertz Holdings Netherlands BV
8.500%, 07/31/2015 (S)	EUR	360,000		486,847
Horizon Lines LLC
11.000%, 10/15/2016	$	471,000		472,178
Horizon Lines LLC, PIK
13.000%, 10/15/2016		730,865		677,877
International Wire Group Holdings, Inc.
8.500%, 10/15/2017 (S)		530,000		545,900
Jack Cooper Holdings Corp.
13.750%, 12/15/2015 (S)		140,000		149,800
JM Huber Corp.
9.875%, 11/01/2019 (S)		410,000		464,325
Kloeckner Pentaplast GmbH & Company
11.625%, 07/15/2017 (S)	EUR	220,000		317,314
Kloeckner Pentaplast GmbH & Company
KG
11.625%, 07/15/2017		180,000		259,621
Kratos Defense & Security Solutions, Inc.
10.000%, 06/01/2017	$	1,030,000		1,133,000
Navios Maritime Acquisition Corp.
8.625%, 11/01/2017 (L)		1,170,000		1,163,419
Rearden G Holdings EINS GmbH
7.875%, 03/30/2020 (S)		932,000		1,025,200
Rexel SA
5.250%, 06/15/2020 (S)		1,120,000		1,139,123
RSI Home Products, Inc.
6.875%, 03/01/2018 (S)		290,000		294,350
ServiceMaster Company
7.000%, 08/15/2020 (S)		60,000		62,100
Silver II Borrower
7.750%, 12/15/2020 (S)		370,000		394,050
syncreon Global Ireland, Ltd.
9.500%, 05/01/2018 (S)		1,510,000		1,604,375

160

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Industrials (continued)
Titan International, Inc.
7.875%, 10/01/2017 (S)	$	190,000	$	204,488
TransUnion Holding Company, Inc.
9.625%, 06/15/2018		690,000		750,375
Triumph Group, Inc.
4.875%, 04/01/2021 (S)		380,000		383,800
United Rentals North America, Inc.
7.625%, 04/15/2022		652,000		728,610
8.375%, 09/15/2020		740,000		825,100
Wyle Services Corp.
10.500%, 04/01/2018 (S)		1,585,000		1,660,288

				34,172,085
Information Technology - 1.9%
313 Group, Inc.
6.375%, 12/01/2019 (S)		510,000		506,175
Advanced Micro Devices, Inc.
7.500%, 08/15/2022 (S)		160,000		145,200
CyrusOne LP
6.375%, 11/15/2022 (S)		570,000		597,075
First Data Corp.
6.750%, 11/01/2020 (S)		1,030,000		1,073,775
12.625%, 01/15/2021		120,000		130,050
Global Generations Merger Sub, Inc.
11.000%, 12/15/2020 (S)		340,000		368,900
Interface Security Systems Holdings, Inc.
9.250%, 01/15/2018 (S)		630,000		650,475
NXP BV
5.750%, 02/15/2021 to 03/15/2023 (S)		890,000		912,525
9.750%, 08/01/2018 (S)		224,000		255,360
Zayo Group LLC
8.125%, 01/01/2020		480,000		537,600

				5,177,135
Materials - 9.0%
Appleton Papers, Inc.
11.250%, 12/15/2015		1,375,000		1,529,688
ArcelorMittal
5.000%, 02/25/2017		240,000		251,249
6.000%, 03/01/2021		700,000		736,369
6.750%, 02/25/2022		430,000		470,217
Ardagh Packaging Finance PLC
4.875%, 11/15/2022 (S)		240,000		237,000
7.000%, 11/15/2020 (S)		520,000		534,300
Ashland, Inc. 4.750%, 08/15/2022 (S)		690,000		702,075
Axiall Corp. 4.875%, 05/15/2023 (S)		460,000		468,050
Boise Cascade LLC
6.375%, 11/01/2020 (S)		250,000		265,313
Building Materials Corp. of America
6.750%, 05/01/2021 (S)		150,000		163,875
7.000%, 02/15/2020 (S)		80,000		86,800
Cemex SAB de CV 9.000%, 01/11/2018		200,000		221,500
Clearwater Paper Corp.
4.500%, 02/01/2023 (S)		350,000		343,000
Coeur d’Alene Mines Corp.
7.875%, 02/01/2021 (S)		940,000		992,875
Eagle Spinco, Inc. 4.625%, 02/15/2021 (S)		310,000		315,425
Evraz Group SA
6.750%, 04/27/2018 (S)		1,200,000		1,242,000
9.500%, 04/24/2018		100,000		114,625
Fibria Overseas Finance, Ltd.
6.750%, 03/03/2021 (S)		210,000		231,945
FMG Resources August 2006 Pty, Ltd.
6.000%, 04/01/2017 (S)		390,000		400,725


High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Materials (continued)
FMG Resources
August 2006 Pty, Ltd. (continued)
6.375%, 02/01/2016 (S)	$	20,000	$	20,625
6.875%, 02/01/2018 (S)		90,000		94,613
8.250%, 11/01/2019 (S)		720,000		776,700
Global Brass and Copper, Inc.
9.500%, 06/01/2019 (S)		570,000		631,275
JW Aluminum Company
11.500%, 11/15/2017 (S)		860,000		872,900
Kerling PLC 10.625%, 02/01/2017 (S)	EUR	553,000		657,613
LyondellBasell Industries NV
6.000%, 11/15/2021	$	710,000		841,350
Midwest Vanadium Pty, Ltd.
11.500%, 02/15/2018 (S)		1,730,000		1,089,900
Mirabela Nickel, Ltd.
8.750%, 04/15/2018 (S)		450,000		410,625
Molycorp Inc 10.000%, 06/01/2020		750,000		736,875
Nufarm Australia, Ltd.
6.375%, 10/15/2019 (S)		260,000		266,500
Prince Mineral Holding Corp.
11.500%, 12/15/2019 (S)		450,000		502,875
Rain CII Carbon LLC
8.250%, 01/15/2021 (S)		200,000		216,000
Ryerson, Inc. 9.000%, 10/15/2017 (S)		1,030,000		1,125,275
Sappi Papier Holding GmbH
6.625%, 04/15/2021 (S)		90,000		92,925
8.375%, 06/15/2019 (S)		1,040,000		1,154,400
St. Barbara, Ltd. 8.875%, 04/15/2018 (S)		680,000		692,750
Steel Dynamics, Inc.
6.125%, 08/15/2019 (S)		340,000		367,200
SunCoke Energy Partners LP
7.375%, 02/01/2020 (S)		310,000		326,275
Thompson Creek Metals Company, Inc.
9.750%, 12/01/2017		740,000		802,900
12.500%, 05/01/2019		710,000		694,025
Vedanta Resources PLC
6.750%, 06/07/2016 (S)		710,000		745,500
8.750%, 01/15/2014 (S)		570,000		592,800
Verso Paper Holdings LLC
11.750%, 01/15/2019 (L)		610,000		661,850
11.750%, 01/15/2019		287,000		232,470
Weekley Homes LLC
6.000%, 02/01/2023 (S)		260,000		267,800

				24,181,052
Telecommunication Services - 7.9%
Axtel SAB de CV
7.000%, 01/31/2020 (S)		629,000		553,520
Cogent Communications Group, Inc.
8.375%, 02/15/2018 (S)		850,000		941,375
Intelsat Jackson Holdings SA
7.250%, 04/01/2019 to 10/15/2020		2,270,000		2,491,038
7.500%, 04/01/2021		30,000		33,375
Intelsat Luxembourg SA
6.750%, 06/01/2018 (S)		50,000		51,563
Koninklijke KPN NV
7.000%, 03/28/2073 (P)(S)		200,000		197,500
Level 3 Financing, Inc.
8.625%, 07/15/2020		880,000		981,200
MetroPCS Wireless, Inc.
7.875%, 09/01/2018		620,000		677,350
Sprint Capital Corp.
6.875%, 11/15/2028		540,000		552,150
8.750%, 03/15/2032		1,955,000		2,331,338

161

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Telecommunication Services (continued)
Sprint Nextel Corp.
6.000%, 11/15/2022	$	540,000	$	554,850
7.000%, 08/15/2020		380,000		418,000
9.000%, 11/15/2018 (S)		1,820,000		2,249,975
tw telecom holdings, Inc.
5.375%, 10/01/2022		410,000		427,425
UPC Holding BV
9.875%, 04/15/2018 (S)		210,000		234,413
UPCB Finance III, Ltd.
6.625%, 07/01/2020 (S)		350,000		376,250
UPCB Finance V, Ltd.
7.250%, 11/15/2021 (S)		290,000		320,450
UPCB Finance VI, Ltd.
6.875%, 01/15/2022 (S)		810,000		880,875
Vimpel Communications
8.250%, 05/23/2016		1,247,000		1,395,393
VimpelCom Holdings BV
7.504%, 03/01/2022 (S)		460,000		511,888
Wind Acquisition Holdings Finance SA,
PIK
12.250%, 07/15/2017 (S)		2,879,031		2,994,192
Windstream Corp.
6.375%, 08/01/2023 (S)		590,000		585,575
7.500%, 06/01/2022 to 04/01/2023		1,230,000		1,310,200

				21,069,895
Utilities - 3.8%
Atlantic Power Corp.
9.000%, 11/15/2018		580,000		606,100
Electricite de France SA
5.250%, 01/29/2023 (Q)(S)		170,000		169,000
Foresight Energy LLC
9.625%, 08/15/2017 (S)		1,260,000		1,363,950
GenOn Americas Generation LLC
9.125%, 05/01/2031		710,000		793,425
GenOn REMA LLC
9.237%, 07/02/2017		455,093		501,740
9.681%, 07/02/2026		510,000		557,175
Midwest Generation LLC, Series B
8.560%, 01/02/2016 (H)		712,828		698,571
Mirant Mid Atlantic LLC
9.125%, 06/30/2017		563,108		630,681
10.060%, 12/30/2028		1,627,072		1,854,862
PPL Energy Supply LLC
4.600%, 12/15/2021		883,000		941,612
Red Oak Power LLC
9.200%, 11/30/2029		1,030,000		1,135,575
Suburban Propane Partners LP
7.375%, 03/15/2020		599,000		646,920
The AES Corp.
7.750%, 10/15/2015		190,000		213,513

				10,113,124

TOTAL CORPORATE BONDS (Cost $223,016,939)			$	229,569,518


CAPITAL PREFERRED SECURITIES - 1.7%
Financials - 1.7%
ILFC E-Capital Trust I (1.550% + Highest
of 3 month LIBOR, 10 year CMT and
30 year CMT)
4.680%, 12/21/2065 (S)		1,000,000		875,000
ING Capital Funding Trust III
3.884%, 06/13/2013 (P)(Q)		220,000		212,300


High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value


CAPITAL PREFERRED SECURITIES (continued)
Financials (continued)
Santander Finance Preferred SA
Unipersonal (10.500% until 09/29/2014,
then 3 month LIBOR + 7.673%)
09/29/2014 (Q)	$	2,490,000	$	2,664,126
ZFS Finance USA Trust II (6.450% to
06/15/2016, then 3 month
LIBOR + 2.000%)
6.450%, 12/15/2065 (S)		740,000		797,350

				4,548,776

TOTAL CAPITAL PREFERRED
SECURITIES (Cost $4,571,700)			$	4,548,776


CONVERTIBLE BONDS - 0.1%
Consumer Discretionary - 0.0%
Mood Media Corp.
10.000%, 10/31/2015	CAD	28,000		17,920
Financials - 0.1%
Starwood Property Trust, Inc.
4.550%, 03/01/2018	$	230,000		252,713
Telecommunication Services - 0.0%
Axtel SAB de CV
7.000%, 01/31/2020 (S)	MXN	717,000		75,465

TOTAL CONVERTIBLE BONDS (Cost $342,260)			$	346,098


TERM LOANS (M) - 3.1%
Consumer Discretionary - 0.9%
Equinox Fitness Clubs
9.750%, 05/16/2020	$	630,000		642,600
Gymboree Corp.
5.000%, 02/23/2018		310,000		300,778
Stockbridge SBE Holdings LLC
13.000%, 05/02/2017		1,360,000		1,472,200

				2,415,578
Consumer Staples - 0.6%
Advancepierre Foods
9.500%, 10/10/2017		270,000		277,763
H.J. Heinz Company,
TBD 02/14/2014 (T)		1,200,000		1,200,000

				1,477,763
Energy - 0.4%
Chesapeake Energy Corp.
5.750%, 12/02/2017		500,000		514,911
FTS International, Inc.
8.500%, 05/06/2016		620,000		587,709

				1,102,620
Health Care - 0.1%
Immucor, Inc.
5.750%, 08/17/2018		306,137		307,667
Industrials - 0.4%
Intelligrated, Inc.
10.500%, 12/31/2019		1,070,000		1,095,413
Information Technology - 0.2%
CompuCom Systems, Inc.
10.250%, 10/04/2019		630,000		642,600
Materials - 0.2%
Kronos, Inc.
9.750%, 04/30/2020		510,000		531,675

162

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value


TERM LOANS (M) (continued)
Telecommunication Services - 0.3%
Vodafone Group PLC, PIK
6.875%, 08/11/2015	$	703,120	$	722,455

TOTAL TERM LOANS (Cost $7,882,222)			$	8,295,771


COMMON STOCKS - 4.1%
Consumer Discretionary - 0.1%
Bossier Casino Venture Holdco, Inc. (I)(S)		43,365 $		86,706
PB Investors II LLC		127,402		1
Tropicana Entertainment LLC (I)		7,500		33,750
Vertis Holdings, Inc. (I)		69,391		0

				120,457
Financials - 3.1%
Citigroup, Inc.		32,112		1,420,635
KCAD Holdings I, Ltd.		165,553,563		1,738,312
Realogy Holdings Corp. (I)		107,123		5,191,654

				8,350,601
Industrials - 0.8%
DeepOcean Group Holdings AS (I)(S)		83,286		1,490,819
Horizon Lines, Inc. (I)		373,764		523,270
Nortek, Inc. (I)		2,790		199,094

				2,213,183
Materials - 0.1%
LyondellBasell Industries NV, Class A		6,013		380,563
Telecommunication Services - 0.0%
Maxcom Telecomunicaciones SAB
de CV, ADR (I)		13,302		32,989
Viatel Holdings Bermuda, Ltd. (I)		38		4

				32,993

TOTAL COMMON STOCKS (Cost $12,406,957)			$	11,097,797


PREFERRED SECURITIES - 1.7%
Energy - 0.3%
Sanchez Energy Corp., 6.500% (S)		12,900	$	667,188
Financials - 1.4%
GMAC Capital Trust I (8.125% to
02/15/2016, then 3 month
LIBOR + 5.785%), 8.125%		133,112		3,620,646
Materials - 0.0%
ArcelorMittal, 6.000%		5,400		113,130

TOTAL PREFERRED SECURITIES (Cost $4,029,310)			$	4,400,964


ESCROW CERTIFICATES - 0.0%
Consumer Discretionary - 0.0%
Adelphia Communications Corp.
7.750%, 01/15/2049 (I)		3,000,000		22,500
9.875%, 03/01/2049 (I)		2,050,000		15,375
10.250%, 11/01/2049 (I)		1,025,000		7,688
Mood Media Corp.
Zero Coupon (I)		58,550		0
SuperMedia, Inc.
8.000%, 11/15/2016 (I)		3,162,000		0

				45,563

TOTAL ESCROW CERTIFICATES (Cost $440,831)			$	45,563


WARRANTS - 0.4%
Mood Media Corp. (Expiration Date:
05/06/2016; Strike Price $3.50) (I)		66,933		3,505


High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value


WARRANTS (continued)
SemGroup Corp., Class A (Expiration
Date: 11/30/2014; Strike
Price $25.00) (I)		35,326	$	952,742

TOTAL WARRANTS (Cost $0)			$	956,247


PURCHASED OPTIONS - 0.0%
Over the Counter USD Purchased Options
on 5 Year Credit Default Swaption
(Expiration Date: 05/15/2013; Strike
Price: $101; Counterparty: JPMorgan
Securities, Inc.) (I)		5,900,000		22,007

TOTAL PURCHASED OPTIONS (Cost $85,550)			$	22,007


SECURITIES LENDING COLLATERAL - 1.8%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		491,715	$	4,921,425

SHORT-TERM INVESTMENTS - 0.6%
Repurchase Agreement - 0.6%
Repurchase Agreement with State
Street Corp. dated 03/28/2013 at
0.010% to be repurchased at $1,493,002
on 04/01/2013, collateralized by
$1,470,000 U.S. Treasury Note, 1.500%
due 06/30/2016 (valued at $1,526,749,
including interest)	$	1,493,000	$	1,493,000

TOTAL SHORT-TERM INVESTMENTS (Cost $1,493,000)			$	1,493,000

Total Investments (High Yield Trust)
(Cost $264,202,416) - 101.0%			$	270,688,941
Other assets and liabilities, net - (1.0%)				(2,607,453)

TOTAL NET ASSETS - 100.0%			$	268,081,488




Income Trust
		Shares or
		Principal
		Amount		Value


COMMON STOCKS - 51.0%
Consumer Discretionary - 0.7%
Media - 0.4%
Comcast Corp., Class A		40,000	$	1,680,400
Dex Media, Inc. (I)(L)		99,669		170,434

				1,850,834
Multiline Retail - 0.3%
Target Corp.		18,110		1,239,630

				3,090,464
Consumer Staples - 1.2%
Beverages - 1.1%
Diageo PLC		75,000		2,361,671
PepsiCo, Inc.		30,000		2,373,300

				4,734,971
Food & Staples Retailing - 0.1%
Safeway, Inc.		25,540		672,979

				5,407,950
Energy - 7.4%
Energy Equipment & Services - 1.4%
Baker Hughes, Inc.		11,800		547,638

163

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Income Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Energy Equipment & Services (continued)
Halliburton Company	77,910	$	3,148,343
Schlumberger, Ltd.	20,000		1,497,800
Weatherford International, Ltd. (I)	70,000		849,800

			6,043,581
Oil, Gas & Consumable Fuels - 6.0%
Anadarko Petroleum Corp.	18,020		1,575,849
BP PLC, ADR	80,000		3,388,000
Callon Petroleum Company (I)	55,000		203,500
Canadian Oil Sands, Ltd.	190,000		3,916,523
Chesapeake Energy Corp. (L)	40,000		816,400
Chevron Corp.	32,230		3,829,569
Devon Energy Corp.	10,000		564,200
Exxon Mobil Corp.	30,000		2,703,300
Peabody Energy Corp.	47,370		1,001,876
Royal Dutch Shell PLC, ADR	76,920		5,012,107
Spectra Energy Corp.	67,000		2,060,250
Total SA, ADR	25,000		1,199,500

			26,271,074

			32,314,655
Financials - 5.5%
Capital Markets - 0.5%
BlackRock, Inc.	8,000		2,055,040
Commercial Banks - 2.4%
Barclays PLC	150,000		664,797
HSBC Holdings PLC	250,000		2,661,472
M&T Bank Corp. (L)	8,094		834,977
Wells Fargo & Company	174,800		6,465,852

			10,627,098
Diversified Financial Services - 2.2%
Bank of America Corp.	300,000		3,654,000
JPMorgan Chase & Company	120,000		5,695,200

			9,349,200
Insurance - 0.4%
QBE Insurance Group, Ltd.	75,000		1,058,511
MetLife, Inc.	19,056		724,509

			1,783,020

			23,814,358
Health Care - 6.4%
Pharmaceuticals - 6.4%
Johnson & Johnson	80,000		6,522,400
Merck & Company, Inc.	167,130		7,392,160
Pfizer, Inc.	200,000		5,772,000
Roche Holdings AG	23,430		5,470,275
Sanofi, ADR	50,000		2,554,000

			27,710,835

			27,710,835
Industrials - 2.9%
Aerospace & Defense - 0.5%
Lockheed Martin Corp.	10,194		983,925
Raytheon Company	19,110		1,123,477

			2,107,402
Commercial Services & Supplies - 0.8%
Republic Services, Inc. (L)	22,620		746,460
Waste Management, Inc.	65,340		2,561,981

			3,308,441


Income Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Electrical Equipment - 0.2%
Rockwell Automation, Inc.	8,920	$	770,242
Industrial Conglomerates - 1.3%
General Electric Company	254,770		5,890,282
Machinery - 0.1%
Caterpillar, Inc.	4,500		391,365

			12,467,732
Information Technology - 2.5%
Communications Equipment - 0.2%
Cisco Systems, Inc.	33,200		694,212
Computers & Peripherals - 0.1%
Apple, Inc.	1,400		619,682
Semiconductors & Semiconductor Equipment - 1.6%
Texas Instruments, Inc.	40,350		1,431,618
Intel Corp.	256,460		5,603,651

			7,035,269
Software - 0.6%
Microsoft Corp.	61,640		1,763,520
Oracle Corp.	20,410		660,059

			2,423,579

			10,772,742
Materials - 7.2%
Chemicals - 3.2%
E.I. du Pont de Nemours & Company	69,450		3,414,162
LyondellBasell Industries NV, Class A	75,000		4,746,750
The Dow Chemical Company	183,430		5,840,411

			14,001,323
Metals & Mining - 4.0%
Barrick Gold Corp.	89,750		2,638,650
BHP Billiton PLC	100,920		2,930,088
Freeport-McMoRan Copper & Gold, Inc.	119,830		3,966,373
Goldcorp, Inc.	59,200		1,990,896
Newmont Mining Corp.	93,750		3,927,188
Rio Tinto PLC, ADR (L)	38,820		1,827,646

			17,280,841

			31,282,164
Telecommunication Services - 3.4%
Diversified Telecommunication Services - 2.4%
AT&T, Inc.	140,000		5,136,600
CenturyLink, Inc. (L)	30,000		1,053,900
France Telecom SA	28,700		291,009
Frontier Communications Corp. (L)	75,000		298,500
Telstra Corp., Ltd.	500,000		2,350,576
Vivendi SA	51,666		1,070,060

			10,200,645
Wireless Telecommunication Services - 1.0%
Vodafone Group PLC	1,600,000		4,541,358

			14,742,003
Utilities - 13.8%
Electric Utilities - 8.4%
American Electric Power Company, Inc.	75,040		3,649,195
Duke Energy Corp.	137,082		9,950,782
Entergy Corp.	50,000		3,162,000
Exelon Corp.	115,000		3,965,200
FirstEnergy Corp.	60,000		2,532,000
NextEra Energy, Inc.	53,345		4,143,840

164

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Income Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Electric Utilities (continued)
Pinnacle West Capital Corp.	27,430	$	1,587,923
PPL Corp.	35,500		1,111,505
The Southern Company	72,030		3,379,648
Xcel Energy, Inc.	110,000		3,267,000

			36,749,093
Gas Utilities - 0.5%
AGL Resources, Inc.	50,000		2,097,500
Independent Power Producers & Energy Traders - 0.6%
Dynegy, Inc. (I)(L)	110,168		2,642,930
Multi-Utilities - 4.3%
Dominion Resources, Inc.	60,070		3,494,873
PG&E Corp.	112,400		5,005,172
Public Service Enterprise Group, Inc.	150,000		5,151,000
Sempra Energy	49,950		3,993,003
TECO Energy, Inc. (L)	59,000		1,051,380

			18,695,428

			60,184,951

TOTAL COMMON STOCKS (Cost $207,286,220)		$	221,787,854


PREFERRED SECURITIES - 5.6%
Consumer Discretionary - 0.2%
Automobiles - 0.2%
General Motors Company,
Series B, 4.750%	23,600		1,013,384
Energy - 1.0%
Oil, Gas & Consumable Fuels - 1.0%
Chesapeake Energy Corp., 5.750% (S)	1,900		1,952,288
Sandridge Energy, Inc., 7.000%	26,500		2,365,125

			4,317,413

			4,317,413
Financials - 4.2%
Commercial Banks - 1.3%
Wells Fargo & Company, Series L, 7.500%	4,600		5,928,250
Consumer Finance - 0.3%
Ally Financial, Inc., 7.000% (S)	1,341		1,326,165
Diversified Financial Services - 1.5%
Bank of America Corp., Series L, 7.250%	5,350		6,517,156
Insurance - 0.3%
MetLife, Inc., 5.000%	27,000		1,333,800
Real Estate Investment Trusts - 0.5%
FelCor Lodging Trust, Inc.,
Series A, 1.950%	90,000		2,234,700
Thrifts & Mortgage Finance - 0.3%
Federal Home Loan Mortgage Corp.,
Series Z (higher of 3 month
LIBOR + 4.160% or 7.875%) (I)	94,900		315,068
Federal National Mortgage Association,
Series S (higher of 3 month
LIBOR + 4.230% or 7.750%) (I)	79,300		257,725
Federal National Mortgage Association,
Series R, 7.625% (I)	60,200		175,784
Federal National Mortgage Association,
Series Q, 6.750% (I)	80,000		224,000


Income Trust (continued)
		Shares or
		Principal
		Amount		Value


PREFERRED SECURITIES (continued)
Thrifts & Mortgage Finance (continued)
Federal National Mortgage
Association, 5.375% (I)		20	$	215,000

				1,187,577

				18,527,648
Materials - 0.2%
Metals & Mining - 0.2%
AngloGold Ashanti Holdings
Finance PLC, 6.000%		25,000		712,000

TOTAL PREFERRED SECURITIES (Cost $27,164,870)			$	24,570,445


CORPORATE BONDS - 32.1%
Consumer Discretionary - 5.4%
Academy, Ltd. 9.250%, 08/01/2019 (S)	$	400,000	$	451,000
Cablevision Systems Corp.
7.750%, 04/15/2018		2,000,000		2,242,500
8.000%, 04/15/2020		1,400,000		1,575,000
Caesars Entertainment
Operating Company, Inc.
8.500%, 02/15/2020		1,200,000		1,185,000
11.250%, 06/01/2017		450,000		478,688
CCO Holdings LLC 6.500%, 04/30/2021		1,000,000		1,057,500
Chrysler Group LLC 8.000%, 06/15/2019		3,000,000		3,288,750
CityCenter Holdings LLC
7.625%, 01/15/2016		700,000		751,625
Clear Channel Communications, Inc.
9.000%, 12/15/2019 (S)		1,019,000		979,514
CSC Holdings LLC 6.750%, 11/15/2021		2,000,000		2,242,500
KB Home 7.500%, 09/15/2022		700,000		785,750
Landry’s, Inc. 9.375%, 05/01/2020 (S)		2,000,000		2,155,000
Laureate Education, Inc.
9.250%, 09/01/2019 (S)		500,000		555,625
MGM Resorts International
6.750%, 10/01/2020 (S)		400,000		424,000
10.000%, 11/01/2016		1,500,000		1,788,750
The Goodyear Tire & Rubber Company
6.500%, 03/01/2021		1,600,000		1,650,000
Visant Corp. 10.000%, 10/01/2017		1,900,000		1,733,750

				23,344,952
Consumer Staples - 2.6%
Boparan Finance PLC
9.750%, 04/30/2018 (S)	EUR	700,000		999,765
9.875%, 04/30/2018 (S)	GBP	750,000		1,265,512
Ceridian Corp. 11.250%, 11/15/2015	$	1,000,000		1,032,500
Dean Foods Company 9.750%, 12/15/2018		900,000		1,041,750
JBS USA LLC
8.250%, 02/01/2020 (S)		700,000		764,750
11.625%, 05/01/2014		1,000,000		1,107,500
Reynolds Group Issuer, Inc.
5.750%, 10/15/2020		900,000		916,875
7.875%, 08/15/2019		300,000		330,750
9.875%, 08/15/2019		1,500,000		1,644,375
SUPERVALU, Inc. 8.000%, 05/01/2016		1,300,000		1,352,000
US Foodservice 8.500%, 06/30/2019 (S)		800,000		849,000

				11,304,777
Energy - 5.6%
Antero Resources Finance Corp.
7.250%, 08/01/2019		300,000		325,125
9.375%, 12/01/2017		750,000		813,750
Arch Coal, Inc. 7.000%, 06/15/2019 (L)		750,000		676,875
Bill Barrett Corp. 7.000%, 10/15/2022		500,000		523,750

165

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Income Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Energy (continued)
Chesapeake Energy Corp.
5.750%, 03/15/2023	$	4,200,000	$	4,257,750
6.875%, 08/15/2018 to 11/15/2020		1,700,000		1,825,000
7.250%, 12/15/2018		2,000,000		2,270,000
CONSOL Energy, Inc. 8.250%, 04/01/2020		1,400,000		1,550,500
El Paso Corp. 7.750%, 01/15/2032		300,000		336,129
Energy XXI Gulf Coast, Inc.
9.250%, 12/15/2017		1,000,000		1,130,000
EP Energy LLC 9.375%, 05/01/2020		1,000,000		1,155,000
Expro Finance Luxembourg SCA
8.500%, 12/15/2016 (S)		613,000		649,780
Linn Energy LLC 8.625%, 04/15/2020		1,700,000		1,874,250
Offshore Group Investment, Ltd.
7.500%, 11/01/2019 (S)		2,200,000		2,332,000
Peabody Energy Corp. 6.250%, 11/15/2021		500,000		520,000
Sabine Pass LNG LP 7.500%, 11/30/2016		800,000		884,000
Samson Investment Company
9.750%, 02/15/2020 (S)		1,800,000		1,912,500
W&T Offshore, Inc. 8.500%, 06/15/2019		1,200,000		1,305,000

				24,341,409
Financials - 3.4%
Bank of America Corp., (8.125% to
05/15/2018, then 3 month
LIBOR + 3.640%)
05/15/2018 (Q)		1,500,000		1,691,058
E*TRADE Financial Corp.
6.000%, 11/15/2017		500,000		523,125
JPMorgan Chase & Company (7.900% to
04/30/2018, then 3 month
LIBOR + 3.470%)
04/30/2018 (Q)		7,500,000		8,620,245
Nationstar Mortgage LLC
9.625%, 05/01/2019 (S)		2,000,000		2,290,000
Nuveen Investments Inc
9.500%, 10/15/2020 (S)		1,800,000		1,881,000

				15,005,428
Health Care - 2.6%
Grifols, Inc. 8.250%, 02/01/2018		600,000		660,000
HCA, Inc.
6.500%, 02/15/2016 to 02/15/2020		3,500,000		3,875,563
7.500%, 02/15/2022		1,200,000		1,380,000
Tenet Healthcare Corp.
8.000%, 08/01/2020		953,000		1,051,874
9.250%, 02/01/2015		3,500,000		3,946,250
Vanguard Health Holding Company II LLC
7.750%, 02/01/2019		500,000		535,000

				11,448,687
Industrials - 1.9%
Abengoa Finance SAU
8.875%, 11/01/2017 (S)		1,200,000		1,170,000
CEVA Group PLC
8.375%, 12/01/2017 (S)		1,000,000		1,030,000
11.500%, 04/01/2018 (S)		2,200,000		2,013,000
12.750%, 03/31/2020 (S)		1,500,000		1,203,750
Navistar International Corp.
8.250%, 11/01/2021		1,100,000		1,120,625
The Manitowoc Company, Inc.
9.500%, 02/15/2018 (L)		500,000		551,250
United Rentals North America, Inc.
8.375%, 09/15/2020		900,000		1,003,500

				8,092,125


Income Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Information Technology - 4.9%
CDW LLC
8.500%, 04/01/2019	$	2,500,000	$	2,790,625
12.535%, 10/12/2017		594,000		637,808
First Data Corp.
8.250%, 01/15/2021 (S)		2,500,000		2,600,000
9.875%, 09/24/2015		199,000		204,970
11.250%, 03/31/2016 (L)		4,400,000		4,422,000
12.625%, 01/15/2021		3,050,000		3,305,438
First Data Corp., PIK
8.750%, 01/15/2022 (S)		1,504,000		1,590,480
Freescale Semiconductor, Inc.
8.050%, 02/01/2020		2,000,000		2,115,000
10.125%, 12/15/2016		979,000		1,008,370
10.750%, 08/01/2020		1,676,000		1,902,260
Infor US, Inc. 9.375%, 04/01/2019		200,000		226,750
SRA International, Inc.
11.000%, 10/01/2019		300,000		315,000

				21,118,701
Materials - 2.7%
Algeco Scotsman Global Finance PLC
8.500%, 10/15/2018 (S)		1,000,000		1,072,500
Cemex SAB de CV
9.000%, 01/11/2018 (S)		3,000,000		3,322,500
FMG Resources August 2006 Pty, Ltd.
6.875%, 02/01/2018 (S)		1,000,000		1,051,250
7.000%, 11/01/2015 (S)		500,000		523,750
Ineos Finance PLC 8.375%, 02/15/2019 (S)		700,000		774,375
INEOS Group Holdings PLC
7.875%, 02/15/2016 (S)	EUR	1,650,000		2,130,917
Inmet Mining Corp.
8.750%, 06/01/2020 (S)	$	900,000		994,500
Orion Engineered Carbons Bondco GmbH
10.000%, 06/15/2018 (S)	EUR	1,350,000		1,938,504

				11,808,296
Telecommunication Services - 2.0%
Cricket Communications, Inc.
7.750%, 10/15/2020 (L)	$	2,300,000		2,294,250
Frontier Communications Corp.
8.500%, 04/15/2020		500,000		566,250
Sprint Nextel Corp.
9.000%, 11/15/2018 (S)		3,000,000		3,708,750
11.500%, 11/15/2021		1,500,000		2,100,000

				8,669,250
Utilities - 1.0%
Calpine Corp.
7.500%, 02/15/2021 (S)		900,000		987,750
7.875%, 07/31/2020 (S)		720,000		788,400
GenOn Energy, Inc.
7.625%, 06/15/2014		900,000		958,500
7.875%, 06/15/2017		400,000		446,000
Intergen NV 9.000%, 06/30/2017 (S)		1,000,000		982,500

				4,163,150

TOTAL CORPORATE BONDS (Cost $125,218,538)			$	139,296,775


CONVERTIBLE BONDS - 1.1%
Consumer Discretionary - 0.4%
Volkswagen International Finance NV
5.500%, 11/09/2015 (S)		1,500,000		1,961,232

166

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Income Trust (continued)
		Shares or
		Principal
		Amount		Value


CONVERTIBLE BONDS (continued)
Materials - 0.7%
Cemex SAB de CV
3.250%, 03/15/2016	$	1,350,000	$	1,787,063
3.750%, 03/15/2018		805,000		1,089,769

				2,876,832

TOTAL CONVERTIBLE BONDS (Cost $4,075,619)			$	4,838,064


TERM LOANS (M) - 4.3%
Consumer Discretionary - 0.8%
Clear Channel Communications, Inc.
3.854%, 01/29/2016		3,400,769		3,010,745
SuperMedia, Inc., PIK
11.000%, 12/31/2015 (H)		419,840		307,533

				3,318,278
Industrials - 0.4%
Navistar, Inc.
7.000%, 07/16/2014		1,097,250		1,107,243
US Investigations Services, Inc.
3.204%, 02/21/2015		678,902		663,626

				1,770,869
Information Technology - 0.9%
First Data Corp.
4.204%, 03/23/2018		1,584,873		1,579,326
5.204%, 03/24/2017		1,367,115		1,374,592
SRA International, Inc.
6.500%, 07/20/2018		817,143		814,589

				3,768,507
Utilities - 2.2%
Dynegy Midwest Generation LLC
9.250%, 08/04/2016		573,244		597,129
Dynegy Power LLC
9.250%, 08/04/2016		986,487		1,025,946
Texas Competitive Electric Holdings
Company LLC
4.733%, 10/10/2017		11,493,117		8,148,620

				9,771,695

TOTAL TERM LOANS (Cost $20,667,378)			$	18,629,349


ASSET BACKED SECURITIES - 0.2%
JPMorgan Chase & Company
7.500%, 11/15/2013		20,000		879,218

TOTAL ASSET BACKED SECURITIES (Cost $804,000)			$	879,218


WARRANTS - 0.1%
Dynegy, Inc. (Expiration Date: 10/02/2017;
Strike Price: $40.00) (I)(L)		10,796	$	13,927
General Motors Company (Expiration
Date: 07/10/2016; Strike
Price: $10.00) (I)		7,875		145,766
General Motors Company (Expiration
Date: 07/10/2019; Strike
Price: $18.33) (I)		7,875		92,846

TOTAL WARRANTS (Cost $1,072,118)			$	252,539


ESCROW CERTIFICATES - 0.0%
Consumer Discretionary - 0.0%
SuperMedia, Inc., 12/01/2020 (I)		651,025		0

TOTAL ESCROW CERTIFICATES (Cost $326)			$	0


Income Trust (continued)
		Shares or
		Principal
		Amount		Value


SECURITIES LENDING COLLATERAL - 2.2%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		977,778	$	9,786,288

TOTAL SECURITIES LENDING
COLLATERAL (Cost $9,786,162)			$	9,786,288


SHORT-TERM INVESTMENTS - 9.0%
U.S. Government & Agency
Obligations - 2.3%
Federal Home Loan Bank Discount Notes,
0.000%, 04/01/2013 *	$	10,000,000	$	10,000,000
Repurchase Agreement - 6.7%
Repurchase Agreement with State
Street Corp. dated 03/28/2013 at 0.010%
to be repurchased at $29,000,032 on
04/01/2013, collateralized by
$28,275,000 U.S. Treasury Note, 2.125%
due 05/31/2015 (valued at $29,582,719)		29,000,000		29,000,000

TOTAL SHORT-TERM INVESTMENTS (Cost $39,000,000)			$	39,000,000

Total Investments (Income Trust)
(Cost $435,075,231) - 105.6%			$	459,040,532
Other assets and liabilities, net - (5.6%)				(24,486,304)

TOTAL NET ASSETS - 100.0%			$	434,554,228




International Core Trust
		Shares or
		Principal
		Amount		Value


COMMON STOCKS - 95.5%
Australia - 6.2%
Arrium, Ltd. (I)		3,442,928	$	1,199,328
BHP Billiton, Ltd.		66,351		2,270,531
Billabong International, Ltd.		246,078		186,920
BlueScope Steel, Ltd. (I)		442,180		2,317,439
Caltex Australia, Ltd.		8,399		187,610
Commonwealth Bank of Australia		30,277		2,152,061
CSL, Ltd.		78,679		4,872,298
David Jones, Ltd. (L)		37,934		118,468
Fortescue Metals Group, Ltd.		70,724		292,900
Goodman Fielder, Ltd. (I)		1,237,863		917,846
Goodman Group		269,273		1,342,988
GPT Group		254,172		984,385
Insurance Australia Group, Ltd.		50,217		299,357
Investa Office Fund		329,842		1,051,651
JB Hi-Fi, Ltd. (L)		72,794		1,122,593
Macquarie Group, Ltd.		42,205		1,639,361
Mirvac Group		727,414		1,231,639
Myer Holdings, Ltd. (L)		167,708		516,202
Pacific Brands, Ltd.		424,353		381,488
Qantas Airways, Ltd. (I)		337,724		628,534
QBE Insurance Group, Ltd.		438,219		6,184,797
Stockland		721,309		2,749,262
Tabcorp Holdings, Ltd.		289,310		974,625
Tatts Group, Ltd.		132,280		437,420
Telstra Corp., Ltd.		1,238,159		5,820,774
Westpac Banking Corp.		188,545		6,064,617

				45,945,094
Austria - 0.7%
AMS AG		2,184		246,560
Andritz AG (L)		12,916		867,235

167

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Core Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Austria (continued)
Erste Group Bank AG (I)	4,792	$	133,776
OMV AG	53,689		2,285,037
Raiffeisen Bank International AG	11,719		398,891
Voestalpine AG	35,050		1,077,648

			5,009,147
Belgium - 1.7%
Ageas	65,297		2,210,443
Anheuser-Busch InBev NV	76,416		7,573,765
Belgacom SA	47,822		1,189,979
Delhaize Group SA	22,301		1,219,046
KBC Groep NV	14,158		488,447

			12,681,680
Canada - 3.3%
Agrium, Inc.	7,300		711,855
Alimentation Couche Tard, Inc.	9,900		536,589
Bank of Montreal	8,300		522,422
Bombardier, Inc.	140,300		556,587
Canadian National Railway Company	24,000		2,412,167
Canadian Natural Resources, Ltd.	78,300		2,510,441
Canadian Oil Sands, Ltd.	21,400		441,124
Canadian Pacific Railway, Ltd.	7,200		939,399
Canadian Tire Corp., Ltd.	5,100		368,047
Dollarama, Inc.	7,700		494,434
EnCana Corp.	88,000		1,711,749
First Quantum Minerals, Ltd. (L)	79,200		1,506,270
Husky Energy, Inc.	41,700		1,197,000
Magna International, Inc.	10,700		628,928
Methanex Corp. (L)	11,400		464,484
Metro, Inc. (L)	20,600		1,290,732
Research In Motion, Ltd. (I)(L)	208,100		3,091,233
Royal Bank of Canada (L)	30,700		1,849,523
Sherritt International Corp.	53,400		264,937
Sun Life Financial, Inc. (L)	101,000		2,756,037
Teck Resources, Ltd.	11,400		320,953

			24,574,911
China - 0.1%
AAC Technologies Holdings, Inc.	31,500		151,807
China Minzhong Food Corp., Ltd. (I)(L)	278,000		270,746
Yangzijiang Shipbuilding Holdings, Ltd.	538,000		421,704

			844,257
Denmark - 0.9%
Coloplast A/S	9,224		496,082
GN Store Nord A/S	14,038		250,298
Novo Nordisk A/S, Class B	36,081		5,889,879

			6,636,259
Finland - 0.6%
Kone OYJ	3,295		259,767
Neste Oil OYJ	43,477		613,752
Nokia OYJ (L)	1,108,932		3,622,390
Tieto OYJ (L)	4,745		100,502

			4,596,411
France - 10.7%
Air France KLM (I)(L)	208,875		1,974,235
AXA SA	78,850		1,359,256
BNP Paribas SA	82,835		4,267,458
Bouygues SA	27,326		741,707
Carrefour SA	9,293		255,274
Cie Generale d’Optique
Essilor International SA	13,468		1,499,036


International Core Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
France (continued)
Cie Generale des Etablissements Michelin	14,345	$	1,202,009
France Telecom SA	212,549		2,155,182
GDF Suez	65,350		1,259,563
Lafarge SA	11,492		764,339
Lagardere SCA	38,016		1,400,769
Peugeot SA (I)(L)	289,363		2,100,527
Rallye SA	7,602		279,200
Remy Cointreau SA	1,866		215,766
Renault SA	83,724		5,257,406
Sanofi	204,987		20,903,667
Societe Generale SA (I)	81,929		2,702,769
Total SA	560,207		26,775,951
Vivendi SA	169,952		3,519,894

			78,634,008
Germany - 6.7%
Allianz SE	23,779		3,231,016
Aurubis AG	24,166		1,536,083
Bayer AG	94,981		9,799,927
Beiersdorf AG	6,600		609,702
Continental AG	11,141		1,332,952
Deutsche Bank AG	23,541		918,599
Deutsche Lufthansa AG	93,740		1,831,333
Deutsche Post AG	58,798		1,356,886
Duerr AG	12,468		1,361,540
E.ON AG	717,338		12,530,040
KUKA AG (I)	676		29,496
Leoni AG	28,539		1,106,163
Muenchener Rueckversicherungs AG	19,410		3,631,550
RWE AG	115,174		4,294,900
Salzgitter AG	20,201		811,023
SAP AG	36,536		2,927,979
Sky Deutschland AG (I)	15,336		84,620
Suedzucker AG	41,290		1,744,443

			49,138,252
Greece - 0.3%
OPAP SA	164,603		1,299,689
Public Power Corp. SA (I)	99,177		706,807

			2,006,496
Hong Kong - 1.1%
Cheung Kong Holdings, Ltd.	73,000		1,079,315
Esprit Holdings, Ltd.	758,415		913,003
Galaxy Entertainment Group, Ltd. (I)	330,000		1,382,797
Hong Kong & China Gas Company, Ltd.	492		1,434
Melco International Development, Ltd.	51		89
Noble Group, Ltd.	785,000		771,311
Pacific Basin Shipping, Ltd.	757,000		450,918
Sun Hung Kai Properties, Ltd.	63,000		848,747
Swire Pacific, Ltd.	96,000		1,225,606
The Link REIT	76,000		415,262
Wharf Holdings, Ltd.	41,000		366,703
Yue Yuen Industrial Holdings, Ltd.	184,782		603,877

			8,059,062
Ireland - 0.6%
C&C Group PLC	92,317		600,547
DCC PLC	22,458		790,345
Kerry Group PLC	29,470		1,756,967
Paddy Power PLC	14,885		1,345,284

			4,493,143
Israel - 0.1%
Africa Israel Investments, Ltd. (I)	52,914		133,979

168

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Core Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Israel (continued)
Mellanox Technologies, Ltd. (I)	13,025	$	719,590
Partner Communications Company, Ltd.	22,156		136,852
Teva Pharmaceutical Industries, Ltd.	1,236		49,127

			1,039,548
Italy - 4.6%
A2A SpA	501,596		298,429
Ansaldo STS SpA	5,844		58,656
Azimut Holding SpA	36,902		599,104
Enel SpA	3,078,505		10,097,551
Eni SpA	463,639		10,410,952
Exor SpA	9,388		263,105
Fiat Industrial SpA	112,455		1,265,620
Fiat SpA (I)	351,585		1,879,108
Finmeccanica SpA (I)	456,180		2,204,211
Intesa Sanpaolo SpA	807,363		1,189,788
Lottomatica SpA	5,928		139,568
Mediaset SpA	213,549		436,994
Mediolanum SpA	170,122		940,498
Recordati SpA	39,684		359,732
Telecom Italia RSP	2,376,831		1,468,149
Telecom Italia SpA	3,634,043		2,580,820

			34,192,285
Japan - 24.6%
3-d Matrix Ltd. (I)	2,000		152,454
ABC-MART, Inc.	5,200		198,250
Accordia Golf Company, Ltd.	781		759,997
Advance Residence Investment Corp.	255		684,806
Advantest Corp.	44,200		624,915
Aeon Company, Ltd.	248,800		3,220,990
Anritsu Corp.	92,000		1,440,211
Arnest One Corp.	2,100		41,650
Astellas Pharma, Inc.	99,426		5,363,089
Avex Group Holdings, Inc.	3,200		86,516
Credit Saison Company, Ltd.	46,600		1,166,771
Daikyo, Inc.	415,000		1,459,337
Daito Trust Construction Company, Ltd.	52,200		4,476,354
Daiwa House Industry Company, Ltd.	18,000		352,436
Daiwabo Holdings Company, Ltd.	69,000		127,262
Dena Company, Ltd. (L)	76,000		2,070,488
DIC Corp.	236,000		506,509
Eisai Company, Ltd.	31,620		1,416,185
Fast Retailing Company, Ltd.	4,400		1,407,225
Fuji Electric Company, Ltd.	200,000		587,575
Fuji Heavy Industries, Ltd.	161,884		2,571,740
Fuji Oil Company, Ltd.	12,200		188,371
GMO Internet, Inc.	4,600		43,723
Gunze, Ltd.	92,000		238,795
Hanwa Company, Ltd.	88,000		314,143
Haseko Corp. (I)	1,391,500		1,297,449
Hikari Tsushin, Inc.	17,100		853,006
Hino Motors, Ltd.	8,000		86,880
Inpex Corp.	229		1,230,833
ITOCHU Corp.	413,800		5,075,903
J Trust Company, Ltd.	14,800		469,403
Japan Tobacco, Inc.	95,700		3,062,950
JFE Holdings, Inc.	109,000		2,107,114
Jin Company, Ltd.	1,000		55,386
Juki Corp. (I)(L)	106,000		174,589
JX Holdings, Inc.	1,011,600		5,686,209
K’s Holding Corp.	56,200		1,800,361
Kajima Corp.	647,000		1,758,849
Kakaku.com, Inc.	36,400		917,206


International Core Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Japan (continued)
Kao Corp.	46,050	$	1,492,007
Kawasaki Kisen Kaisha, Ltd. (I)(L)	1,036,000		2,217,015
KDDI Corp.	196,590		8,224,931
Kinugawa Rubber
Industrial Company, Ltd. (L)	70,000		356,797
Kobe Steel, Ltd. (I)	411,000		483,557
Kohnan Shoji Company, Ltd.	29,700		382,292
Kurimoto, Ltd.	64,000		210,165
Lawson, Inc.	21,100		1,620,989
Leopalace21 Corp. (I)	234,300		1,011,240
Look, Inc.	63,000		261,320
Marubeni Corp.	400,176		3,059,895
Mazda Motor Corp. (I)	863,512		2,549,086
Medipal Holdings Corp.	59,900		843,577
MEIJI Holdings Company, Ltd.	8,100		371,243
Misawa Homes Company, Ltd.	3,500		54,871
Mitsubishi Chemical Holdings Corp.	391,500		1,863,541
Mitsubishi Corp.	293,205		5,508,422
Mitsubishi Estate Company, Ltd.	59,000		1,671,852
Mitsui & Company, Ltd.	210,800		2,964,831
Mitsui Engineering &
Shipbuilding Company, Ltd.	369,000		670,877
Mitsui Fudosan Company, Ltd.	44,000		1,255,167
Mitsui Mining & Smelting Company, Ltd.	342,000		793,159
Mitsui O.S.K. Lines, Ltd. (I)	536,000		1,776,564
Mizuho Financial Group, Inc.	2,475,800		5,316,263
Namco Bandai Holdings, Inc.	61,200		1,084,510
Nanocarrier Co Ltd. (I)(L)	113		441,221
NEC Corp.	143,000		382,174
Nintendo Company, Ltd.	14,200		1,536,661
Nippon Light Metal Holdings Company, Ltd.	529,000		604,936
Nippon Paper Group, Inc. (L)	78,500		1,197,493
Nippon Steel Corp.	510,000		1,297,935
Nippon Telegraph & Telephone Corp.	171,300		7,472,706
Nippon Yusen KK	630,000		1,622,304
Nipro Corp.	89,800		806,153
Nitori Holdings Company, Ltd.	20,250		1,564,990
Nitto Denko Corp.	16,700		1,003,540
Nomura Holdings, Inc.	169,200		1,049,444
North Pacific Bank Ltd.	82,500		278,810
NTT DOCOMO, Inc.	1,679		2,495,326
Obayashi Corp.	291,000		1,393,415
OKI Electric Industry Company, Ltd. (I)	314,428		363,036
Ono Pharmaceutical Company, Ltd.	17,100		1,058,544
Orient Corp. (I)	184,500		593,859
Penta-Ocean Construction Company, Ltd.	297,000		764,517
Pigeon Corp.	500		35,124
Point, Inc.	24,660		1,219,800
Resona Holdings, Inc.	1,112,800		5,878,096
Ricoh Company, Ltd.	135,000		1,470,694
Round One Corp.	108,300		800,591
Ryohin Keikaku Company, Ltd.	20,000		1,575,227
Sankyo Company, Ltd.	32,900		1,540,835
Seven Bank, Ltd.	75,200		242,008
Shinko Electric Industries Company, Ltd.	13,100		109,409
Ship Healthcare Holdings, Inc.	3,300		116,837
SHO-BOND Holdings Company, Ltd.	4,200		153,247
Softbank Corp.	91,800		4,230,150
Sojitz Corp.	820,100		1,286,715
Sumitomo Corp.	372,200		4,694,228
Sumitomo Light Metal Industries, Ltd.	400,000		409,626
Sumitomo Mitsui Company, Ltd. (I)	258,700		213,507
Sumitomo Mitsui Financial Group, Inc.	61,600		2,527,791

169

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Core Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Japan (continued)
Sumitomo Mitsui Trust Holdings, Inc.	226,000	$	1,074,985
Sumitomo Realty &
Development Company, Ltd.	19,000		739,844
Taisei Corp.	608,000		1,691,939
Takeda Pharmaceutical Company, Ltd.	139,111		7,614,864
The Daiei, Inc. (I)	8,750		31,977
Tokyo Electric Power Company, Inc. (I)	205,900		512,054
Tokyu Land Corp.	47,000		443,131
TonenGeneral Sekiyu KK	68,867		683,052
Tosoh Corp.	186,000		533,273
Toyobo Company, Ltd.	103,000		176,114
Toyota Motor Corp.	77,200		3,978,617
Toyota Tsusho Corp.	131,600		3,373,827
Unitika, Ltd. (I)	519,000		288,202
UNY Company, Ltd.	152,300		1,187,170
USS Company, Ltd.	10,080		1,158,322
Wacom Company, Ltd.	275		1,065,108
Yahoo Japan Corp.	472		217,490
Yamada Denki Company, Ltd. (L)	83,080		3,811,063

			181,132,082
Jersey, Channel Islands - 0.1%
Randgold Resources, Ltd.	8,351		719,127
Macau - 0.1%
Sands China, Ltd.	59,600		309,180
Netherlands - 3.5%
Aegon NV	345,900		2,082,578
ASML Holding NV	25,569		1,721,539
CSM NV	34,335		727,239
Delta Lloyd NV	26,818		462,796
Gemalto NV	13,869		1,210,344
Heineken NV	3,017		227,741
ING Groep NV (I)	112,967		811,866
Koninklijke BAM Groep NV	195,375		792,389
Koninklijke Philips Electronics NV	35,153		1,044,696
Koninklijke Vopak NV	5,619		338,926
PostNL NV (I)	64,179		128,805
Royal Dutch Shell PLC, B Shares	181,530		6,040,647
Royal Dutch Shell PLC, Class A (London
Stock Exchange)	298,144		9,682,541
SNS REAAL NV (I)	69,081		0
Wereldhave NV	11,188		775,109

			26,047,216
New Zealand - 0.6%
Chorus, Ltd.	250,753		590,078
Fletcher Building, Ltd.	182,632		1,311,940
Telecom Corp. of New Zealand, Ltd.	1,424,941		2,794,130

			4,696,148
Norway - 0.4%
Aker Solutions ASA	41,268		771,355
Petroleum Geo-Services ASA	27,391		424,312
STX OSV Holdings, Ltd.	196,000		192,805
TGS-NOPEC Geophysical Company ASA	41,707		1,578,883

			2,967,355
Portugal - 0.3%
EDP - Energias de Portugal SA	710,281		2,192,327
Portugal Telecom SGPS SA	34,253		170,279

			2,362,606
Singapore - 1.2%
Asiasons Capital, Ltd. (I)	150,000		113,727


International Core Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Singapore (continued)
Ezion Holdings, Ltd.	311,000	$	545,631
Ezra Holdings, Ltd. (I)	587,000		547,456
Golden Agri-Resources, Ltd.	6,272,000		2,939,373
Liongold Corp., Ltd. (I)	477,000		444,809
Singapore Telecommunications, Ltd.	1,476,210		4,280,244
Yoma Strategic Holdings Ltd.	105,000		64,518

			8,935,758
Spain - 7.3%
Abengoa SA, B Shares	35,802		89,029
ACS Actividades de Construccion
y Servicios SA	10,339		241,577
Amadeus IT Holding SA, A Shares	24,178		654,520
Banco Bilbao Vizcaya Argentaria SA	718,584		6,266,047
Banco Santander SA	2,079,345		14,066,669
Distribuidora Internacional
de Alimentacion SA	170,588		1,180,948
Enagas SA	4,192		97,949
Ferrovial SA	40,908		651,768
Fomento de Construcciones
y Contratas SA (L)	22,920		218,858
Gas Natural SDG SA	209,275		3,709,025
Grifols SA (I)	61,788		2,297,581
Iberdrola SA	865,529		4,036,316
Inditex SA	34,590		4,609,616
Repsol SA	160,847		3,272,790
Telefonica SA	893,395		12,075,955

			53,468,648
Sweden - 0.9%
Boliden AB	65,563		1,057,607
Investor AB, B Shares	63,449		1,835,302
NCC AB, B Shares	30,358		760,498
Skandinaviska Enskilda Banken AB, Series A	59,911		602,640
Svenska Handelsbanken AB, Class A	19,802		847,542
Swedbank AB, Class A	74,241		1,691,524

			6,795,113
Switzerland - 1.3%
Cie Financiere Richemont SA	5,487		431,337
Credit Suisse Group AG	24,425		644,611
Novartis AG	71,524		5,093,327
Roche Holdings AG	6,160		1,438,194
Swiss Life Holding (I)	1,741		258,345
Swiss Re, Ltd.	15,837		1,288,878

			9,154,692
United Kingdom - 17.6%
Aberdeen Asset Management PLC	208,912		1,368,935
Admiral Group PLC	14,197		288,053
ARM Holdings PLC	45,893		645,571
Ashtead Group PLC	29,095		260,344
AstraZeneca PLC	387,062		19,461,820
Aviva PLC	212,802		958,815
Babcock International Group PLC	32,537		539,227
BAE Systems PLC	1,043,174		6,261,547
Barclays PLC	2,463,082		10,916,333
BBA Aviation PLC	12,288		48,240
BP PLC, ADR	2,591,743		18,201,051
Bunzl PLC	48,482		956,125
Croda International PLC	6,998		291,872
Darty PLC	208,997		137,353
Diageo PLC	300,378		9,458,588
Dixons Retail PLC (I)	2,165,141		1,114,306
Drax Group PLC	152,164		1,417,106

170

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Core Trust (continued)
		Shares or
		Principal
		Amount		Value


COMMON STOCKS (continued)
United Kingdom (continued)
easyJet PLC		46,013	$	755,982
FirstGroup PLC		279,220		856,303
Halfords Group PLC		10,643		52,206
Hargreaves Lansdown PLC		11,795		155,673
Home Retail Group PLC (L)		753,349		1,780,522
HSBC Holdings PLC		205,701		2,189,870
Intercontinental Hotels Group PLC		27,983		855,552
Intertek Group PLC		9,466		489,044
ITV PLC		582,767		1,146,731
Lancashire Holdings, Ltd.		36,321		446,717
Lloyds Banking Group PLC (I)		6,631,954		4,934,245
Micro Focus International PLC		5,069		52,798
Mondi PLC		4,446		60,630
Next PLC		69,914		4,646,418
Persimmon PLC		16,798		273,435
Playtech, Ltd.		73,371		705,616
Premier Foods PLC (I)		113,626		138,800
Prudential PLC		207,248		3,372,426
Reed Elsevier PLC		36,011		428,711
Rio Tinto PLC		252,826		11,908,288
Rolls-Royce Holdings PLC (I)		184,730		3,174,330
Royal Bank of Scotland Group PLC (I)		239,986		1,009,734
SABMiller PLC		40,927		2,155,446
Spectris PLC		31,844		1,193,237
SSE PLC		42,863		968,510
Standard Life PLC		61,063		340,597
Telecity Group PLC		20,784		286,026
Thomas Cook Group PLC (I)(L)		866,180		1,481,399
Trinity Mirror PLC (I)		12,106		17,341
Tullett Prebon PLC		29,571		116,551
Vodafone Group PLC		2,441,199		6,928,974
WH Smith PLC		38,693		439,614
Whitbread PLC		10,971		429,625
William Hill PLC		310,154		1,749,707
WPP PLC		116,078		1,856,631

				129,722,975

TOTAL COMMON STOCKS (Cost $676,016,229)			$	704,161,453


PREFERRED SECURITIES - 0.9%
Germany - 0.9%
Henkel AG & Company KgaA		28,630		2,756,570
Porsche Automobil Holding SE		49,989		3,656,285

				6,412,855

TOTAL PREFERRED SECURITIES (Cost $4,910,310)			$	6,412,855


SHORT-TERM INVESTMENTS - 2.4%
United States - 2.4%
State Street Institutional Treasury Money
Market Fund, 0.0000%	$	17,760,086	$	17,760,086

TOTAL SHORT-TERM INVESTMENTS (Cost $17,760,086)			$	17,760,086


International Core Trust (continued)
	Shares or
	Principal
	Amount		Value


SECURITIES LENDING COLLATERAL - 4.1%
United States - 4.1%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)	3,059,171		30,618,328

TOTAL SECURITIES LENDING
COLLATERAL (Cost $30,618,144)		$	30,618,328

Total Investments (International Core Trust)
(Cost $729,304,769) - 102.9%		$	758,952,722
Other assets and liabilities, net - (2.9%)			(21,529,129)

TOTAL NET ASSETS - 100.0%		$	737,423,593




International Equity Index Trust B
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 95.3%
Australia - 6.3%
AGL Energy, Ltd.	21,218	$	351,050
ALS, Ltd. (L)	13,553		148,348
Alumina, Ltd. (I)	97,775		114,248
Amcor, Ltd.	50,570		491,047
AMP, Ltd.	113,132		615,541
APA Group, Ltd.	22,076		137,273
Asciano, Ltd.	34,768		203,300
ASX, Ltd.	6,089		230,336
Aurizon Holdings, Ltd.	67,567		284,647
Australia & New Zealand Banking Group, Ltd.	102,615		3,059,853
Bendigo and Adelaide Bank, Ltd.	15,910		170,784
BHP Billiton, Ltd.	121,345		4,152,425
BlueScope Steel, Ltd. (I)	5,754		30,156
Boral, Ltd.	29,853		153,102
Brambles, Ltd.	58,198		515,003
Caltex Australia, Ltd.	5,216		116,511
CFS Retail Property Trust Group	66,708		140,129
Coca-Cola Amatil, Ltd.	22,621		343,972
Cochlear, Ltd.	2,020		143,403
Commonwealth Bank of Australia	62,184		4,419,980
Computershare, Ltd.	16,288		173,437
Crown, Ltd.	14,609		187,639
CSL, Ltd.	20,060		1,242,241
Dart Energy, Ltd. (I)	8,396		924
Dexus Property Group	183,993		200,332
DuluxGroup, Ltd.	220		1,021
Echo Entertainment Group, Ltd.	32,309		117,349
Federation Centres	48,148		118,417
Fortescue Metals Group, Ltd. (L)	47,394		196,280
Goodman Group	48,935		244,061
GPT Group	65,288		252,854
Harvey Norman Holding, Ltd. (L)	15,159		43,288
Iluka Resources, Ltd. (L)	17,126		167,455
Incitec Pivot, Ltd.	62,851		202,990
Insurance Australia Group, Ltd.	78,599		468,549
Leighton Holdings, Ltd.	5,921		127,082
Lend Lease Corp.	23,010		245,094
Macquarie Group, Ltd.	14,236		552,966
Metcash, Ltd.	24,516		105,971
Mirvac Group	122,602		207,587
National Australia Bank, Ltd.	86,233		2,776,144
Newcrest Mining, Ltd.	29,626		619,104
Nufarm, Ltd.	558		2,299
Orica, Ltd.	14,345		366,087

171

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Australia (continued)
Origin Energy, Ltd.	43,383	$	601,832
OZ Minerals, Ltd.	10,747		59,924
Qantas Airways, Ltd. (I)	44,750		83,284
QBE Insurance Group, Ltd.	42,567		600,769
Ramsay Health Care, Ltd.	2,825		95,007
Rio Tinto, Ltd.	17,026		1,017,291
Santos, Ltd.	36,416		473,499
Shopping Centres Australasia
Property Group (I)	9,466		16,323
Sonic Healthcare, Ltd.	13,653		199,234
SP AusNet	75,538		94,051
Stockland	91,343		348,153
Suncorp Group, Ltd.	51,268		632,794
Sydney Airport	14,230		48,687
Tabcorp Holdings, Ltd.	31,267		105,332
Tatts Group, Ltd.	50,782		167,924
Telstra Corp., Ltd.	167,265		786,338
Toll Holdings, Ltd.	25,442		157,646
Transurban Group	52,110		346,371
Treasury Wine Estates, Ltd.	24,135		143,708
Wesfarmers, Ltd.	42,298		1,775,501
Wesfarmers, Ltd., Price Protected Shares	5,492		233,890
Westfield Group	83,468		944,794
Westfield Retail Trust	102,811		323,878
Westpac Banking Corp.	119,540		3,845,047
Whitehaven Coal, Ltd.	9,666		21,418
Woodside Petroleum, Ltd.	24,611		921,535
Woolworths, Ltd.	47,333		1,670,656
WorleyParsons, Ltd.	7,028		181,365

			40,336,530
Austria - 0.2%
Andritz AG	2,752		184,781
Erste Group Bank AG (I)	7,913		220,904
Immoeast AG (I)	16,437		0
IMMOFINANZ AG (I)	24,655		93,457
OMV AG	5,543		235,913
Raiffeisen Bank International AG (L)	1,484		50,512
Telekom Austria AG	11,560		75,929
Verbund AG, Class A	2,521		54,690
Vienna Insurance Group AG	1,321		64,004
Voestalpine AG	4,357		133,960

			1,114,150
Belgium - 0.8%
Ageas	9,884		264,016
Anheuser-Busch InBev NV	36,621		3,019,068
Belgacom SA (L)	5,996		149,201
Colruyt SA	2,769		133,951
Delhaize Group SA	3,906		213,515
Groupe Bruxelles Lambert SA	3,135		239,823
KBC Groep NV	9,550		329,473
Solvay SA	2,305		312,395
Telenet Group Holding NV	2,144		106,010
UCB SA	3,593		229,544
Umicore SA	4,660		219,221

			5,216,217
Brazil - 1.4%
All America Latina Logistica SA	18,200		90,606
Amil Participacoes SA	5,200		81,342
Anhanguera Educacional Participacoes SA	5,000		80,836
Arteris SA	5,400		60,287
Banco Bradesco SA	23,540		407,953


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Brazil (continued)
Banco do Brasil SA	21,413	$	290,134
Banco Santander Brasil SA	28,594		207,442
BM&F Bovespa SA	65,076		437,651
BR Malls Participacoes SA	15,410		192,782
BR Properties SA	7,500		83,434
Braskem SA, ADR (L)	1,584		21,447
BRF - Brasil Foods SA	23,920		530,188
CCR SA	32,600		332,977
Centrais Eletricas Brasileiras SA	6,700		23,209
Centrais Eletricas Brasileiras SA, B
Shares, ADR (L)	1,429		8,946
Centrais Eletricas Brasileiras SA, Ordinary
Shares, ADR	2,381		8,143
CETIP SA - Mercados Organizados	8,200		96,619
Cia Brasileira de Distribuicao Grupo Pao de
Acucar, ADR	628		33,460
Cia de Bebidas das Americas (I)	7		288
Cia de Bebidas das Americas	5,200		213,738
Cia de Saneamento Basico do Estado de
Sao Paulo	4,290		204,527
Cia de Saneamento de Minas Gerais	2,500		60,596
Cia Hering	5,400		96,576
Cia Siderurgica Nacional SA	16,100		72,742
Cielo SA	10,875		319,994
Companhia Siderurgica Nacional SA, ADR (L)	11,800		52,864
Cosan SA Industria e Comercio	4,911		109,752
CPFL Energia SA	9,500		99,431
Cyrela Brazil Realty SA Empreendimentos
e Participacoes	11,600		99,539
Diagnosticos da America SA	9,900		56,781
Duratex SA	10,300		82,318
EcoRodovias Infraestrutura e Logistica SA	7,200		61,819
EDP - Energias do Brasil SA	8,700		54,678
Embraer SA	10,800		96,095
Embraer SA, ADR	2,626		93,669
Fibria Celulose SA (I)	3,172		37,940
Fibria Celulose SA, ADR (I)(L)	6,862		82,824
Hypermarcas SA (I)	13,608		107,813
JBS SA (I)	15,473		51,991
Light SA	3,200		31,624
Localiza Rent a Car SA	5,311		95,405
Lojas Renner SA	4,700		175,091
MPX Energia SA (I)	7,100		33,168
MRV Engenharia e Participacoes SA	13,201		54,875
Multiplan Empreendimentos Imobiliarios SA	3,100		89,146
Multiplus SA	2,200		31,834
Natura Cosmeticos SA	6,500		156,457
Odontoprev SA	11,500		52,414
OGX Petroleo e Gas Participacoes SA (I)	50,700		57,957
Oi SA	8,584		29,523
Oi SA, ADR (L)	11,580		35,203
Oi SA, Series C, ADR	1,146		3,851
PDG Realty SA Empreendimentos
e Participacoes	46,864		73,053
Petroleo Brasileiro SA	107,029		889,812
Porto Seguro SA	4,419		61,734
Raia Drogasil SA	8,100		86,341
Souza Cruz SA	14,400		211,573
Sul America SA	5,300		53,059
Telefonica Brasil SA, ADR (L)	6,017		160,534
Tim Participacoes SA	32,920		144,501
Totvs SA	4,500		92,505
Tractebel Energia SA	6,400		109,615

172

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Brazil (continued)
Ultrapar Participacoes SA	12,100	$	306,819
Usinas Siderurgicas de Minas Gerais SA (I)	4,400		24,431
Usinas Siderurgicas de Minas
Gerais SA, ADR (I)	800		4,260
Vale SA	47,000		812,193
WEG SA	8,100		104,980

			9,025,389
Canada - 7.4%
Agnico-Eagle Mines, Ltd.	6,800		278,935
Agrium, Inc.	6,400		624,092
Alimentation Couche Tard, Inc.	5,600		303,525
ARC Resources, Ltd. (L)	11,900		314,413
Athabasca Oil Corp. (I)	14,200		127,064
Bank of Montreal (L)	24,600		1,548,382
Bank of Nova Scotia (L)	43,800		2,548,622
Barrick Gold Corp.	38,540		1,132,090
Baytex Energy Corp. (L)	4,700		196,957
BCE, Inc. (L)	10,311		481,725
Bell Aliant, Inc. (L)	3,600		95,471
Bombardier, Inc.	65,200		258,656
Bonavista Energy Corp. (L)	8,000		117,655
Brookfield Asset Management, Inc. (L)	21,799		796,124
Brookfield Residential Properties, Inc. (I)	1,056		25,707
CAE, Inc.	11,300		110,458
Cameco Corp. (L)	16,400		340,318
Canadian Imperial Bank of Commerce (L)	15,700		1,231,457
Canadian National Railway Company	16,600		1,668,416
Canadian Natural Resources, Ltd.	42,760		1,370,963
Canadian Oil Sands, Ltd.	19,100		393,714
Canadian Pacific Railway, Ltd. (L)	6,600		861,115
Canadian Tire Corp., Ltd. (L)	3,000		216,499
Canadian Utilities, Ltd.	2,400		190,209
Cenovus Energy, Inc.	29,000		898,105
Centerra Gold, Inc.	8,700		51,814
CGI Group, Inc., Class A (I)	9,200		250,049
Chorus Aviation, Inc.	831		3,215
CI Financial Corp. (L)	6,700		185,332
Crescent Point Energy Corp. (L)	13,800		520,973
Dollarama, Inc.	2,600		166,952
Eldorado Gold Corp.	25,100		239,918
Empire Company, Ltd.	1,000		65,118
Enbridge, Inc. (L)	28,700		1,336,329
EnCana Corp.	28,600		556,318
Enerplus Corp. (L)	7,700		112,485
Finning International, Inc.	7,200		179,389
First Quantum Minerals, Ltd. (L)	17,800		338,530
Fortis, Inc. (L)	6,900		231,958
Franco-Nevada Corp. (L)	5,900		269,314
George Weston, Ltd.	2,100		156,138
Gildan Activewear, Inc.	5,000		199,488
Goldcorp, Inc.	30,884		1,039,145
Great-West Lifeco, Inc. (L)	11,700		313,620
H&R Real Estate Investment Trust	4,300		99,008
Husky Energy, Inc. (L)	13,800		396,129
IAMGOLD Corp.	14,900		107,513
IGM Financial, Inc. (L)	4,900		220,774
Imperial Oil, Ltd.	11,330		463,082
Industrial Alliance Insurance and
Financial Services, Inc.	4,700		172,852
Inmet Mining Corp.	1,700		113,211
Intact Financial Corp.	5,000		306,394
Kinross Gold Corp.	43,729		346,096
Loblaw Companies, Ltd. (L)	4,900		206,158


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Canada (continued)
Magna International, Inc. (L)	8,800	$	517,250
Manulife Financial Corp. (O)	68,300		1,005,826
MEG Energy Corp. (I)	6,100		195,817
Metro, Inc.	3,800		238,096
National Bank of Canada (L)	6,800		499,432
New Gold, Inc (I)	18,000		163,725
Onex Corp.	3,500		166,895
Open Text Corp. (I)	2,400		141,848
Osisko Mining Corp. (I)	15,100		89,632
Pace Oil And Gas, Ltd. (I)	745		2,112
Pan American Silver Corp.	5,300		87,129
Pembina Pipeline Corp. (L)	11,700		369,710
Pengrowth Energy Trust (L)	17,100		87,196
Penn West Petroleum, Ltd. (L)	19,010		204,350
PetroBakken Energy, Ltd. (L)	2,320		20,166
Petrobank Energy & Resources, Ltd. (I)	2,100		1,447
Petrominerales, Ltd. (L)	1,289		7,842
Potash Corp. of Saskatchewan, Inc.	32,600		1,280,445
Power Corp. of Canada (L)	14,300		384,299
Power Financial Corp. (L)	10,400		306,518
QLT, Inc. (I)	230		2,038
Research In Motion, Ltd. (I)(L)	19,900		295,606
RioCan Real Estate Investment Trust	5,300		145,041
Ritchie Brothers Auctioneers, Inc. (L)	3,100		67,502
Rogers Communications, Inc., Class B (L)	15,600		796,854
Royal Bank of Canada (L)	55,300		3,331,555
Saputo, Inc.	5,300		269,109
Shaw Communications, Inc., Class B (L)	14,600		361,605
Shoppers Drug Mart Corp.	8,900		380,847
Silver Wheaton Corp.	13,900		435,123
SNC-Lavalin Group, Inc.	6,400		267,882
Sun Life Financial, Inc. (L)	23,400		638,527
Suncor Energy, Inc.	58,887		1,764,552
Talisman Energy, Inc.	39,600		484,158
Teck Resources, Ltd.	22,961		646,439
TELUS Corp.	6,000		414,392
The Toronto-Dominion Bank (L)	34,650		2,884,970
Thomson Reuters Corp. (L)	14,777		479,451
Tim Hortons, Inc.	6,600		358,701
TMX Group Ltd.	273		14,939
Tourmaline Oil Corp. (I)	4,900		189,469
TransAlta Corp. (L)	10,400		152,030
TransCanada Corp. (L)	27,200		1,298,617
Turquoise Hill Resources, Ltd. (I)	16,860		107,382
Valeant Pharmaceuticals International, Inc. (I)	11,100		833,279
Vermilion Energy, Inc. (L)	4,000		207,117
Yamana Gold, Inc. (L)	29,844		459,771

			47,834,665
Chile - 0.4%
Banco Santander Chile, ADR (L)	13,061		371,847
Cencosud SA	61,383		381,447
Cia Cervecerias Unidas SA, ADR	6,197		204,997
Corpbanca SA, ADR (L)	2,999		62,709
Empresa Nacional de Electricidad SA, ADR	6,770		359,352
Enersis SA, ADR	26,429		508,494
Latam Airlines Group SA, ADR (L)	9,925		215,770
Sociedad Quimica y Minera de Chile SA, ADR	4,454		246,974
Vina Concha y Toro SA, ADR (L)	2,105		82,095

			2,433,685
China - 3.0%
Agile Property Holdings, Ltd.	68,589		81,929
Agricultural Bank of China, Ltd., H Shares	807,000		387,092

173

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
China (continued)
Air China, Ltd., H Shares	84,534	$	75,346
Aluminum Corp. of China, Ltd.,
H Shares (I)(L)	185,220		72,152
Angang Steel Company, Ltd., H Shares (I)(L)	75,507		41,526
Anhui Conch Cement Company, Ltd., H Shares	56,790		189,631
Anta Sports Products, Ltd.	17,000		14,581
Bank of China, Ltd., H Shares	2,759,563		1,284,553
Bank of Communications Company, Ltd.,
H Shares	337,527		254,228
BBMG Corp., H Shares	22,000		17,935
Beijing Capital International Airport
Company, Ltd., H Shares	134,789		97,463
Byd Company, Ltd., H Shares (I)(L)	24,105		77,711
China BlueChemical, Ltd., H Shares	124,000		76,725
China Citic Bank Corp., Ltd., H Shares	310,800		187,149
China Coal Energy Company, Ltd., H Shares	179,000		160,516
China Communications Construction
Company, Ltd., H Shares	200,335		187,139
China Communications Services Corp., Ltd.,
H Shares	129,600		83,918
China Construction Bank Corp., H Shares	2,567,914		2,103,187
China COSCO Holdings Company, Ltd.,
H Shares (I)	115,631		55,019
China Dongxiang Group Company	164,500		25,451
China Life Insurance Company, Ltd., H Shares	282,624		736,365
China Longyuan Power Group Corp., H Shares	99,000		90,265
China Merchants Bank Company, Ltd.,
H Shares	167,226		355,417
China Minsheng Banking Corp., Ltd., H Shares	210,900		270,444
China National Building Material
Company, Ltd., H Shares	116,000		146,863
China Oilfield Services, Ltd., H Shares	56,000		117,586
China Pacific Insurance Group Company, Ltd.,
H Shares	69,100		228,221
China Petroleum & Chemical Corp., H Shares	677,970		794,323
China Railway Construction Corp., H Shares	113,000		107,565
China Railway Group, Ltd., H Shares	179,000		91,313
China Shenhua Energy Company, Ltd.,
H Shares	127,500		462,210
China Shipping Container Lines Company, Ltd.,
H Shares (I)	145,123		39,417
China Shipping Development Company, Ltd.,
H Shares	86,432		41,912
China Telecom Corp., Ltd., H Shares	605,604		306,126
CITIC Securities Company, Ltd., H Shares	11,000		23,746
CNOOC, Ltd.	680,258		1,302,074
Country Garden Holdings Company, Ltd. (I)	214,323		106,454
CSR Corp., Ltd., H Shares	91,000		64,726
Datang International Power Generation
Company, Ltd., H Shares	220,864		97,789
Dongfang Electric Corp., Ltd., H Shares	28,000		46,338
Dongfeng Motor Group Company, Ltd.,
H Shares	123,220		173,677
ENN Energy Holdings, Ltd.	38,000		209,766
Evergrande Real Estate Group, Ltd.	232,959		93,946
Fosun International, Ltd.	122,500		82,509
Golden Eagle Retail Group, Ltd.	36,000		65,224
Great Wall Motor Company, Ltd., H Shares	24,000		81,592
Guangzhou Automobile Group Company, Ltd.,
H Shares	101,650		86,828
Guangzhou R&F Properties Company, Ltd.,
H Shares	43,600		73,473
Hengan International Group Company, Ltd.	25,000		244,487


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
China (continued)
Huaneng Power International, Inc., H Shares	149,436	$	158,902
Industrial & Commercial Bank of China, Ltd.,
H Shares	2,400,735		1,687,013
Jiangsu Expressway, Ltd., H Shares	81,145		81,553
Jiangxi Copper Company, Ltd., H Shares	54,075		120,099
Lenovo Group, Ltd.	257,436		256,391
Longfor Properties Company, Ltd.	53,600		88,966
Parkson Retail Group, Ltd.	79,000		46,947
PetroChina Company, Ltd., H Shares	802,261		1,057,413
PICC Property & Casualty Company, Ltd.,
H Shares	104,342		134,031
Ping An Insurance Group Company, H Shares	65,645		509,592
Renhe Commercial Holdings Company, Ltd. (I)	160,000		9,620
Semiconductor
Manufacturing International Corp. (I)	387,000		23,254
Shandong Weigao Group Medical Polymer
Company, Ltd., H Shares	80,000		72,581
Shanghai Electric Group Company, Ltd.,
H Shares	144,864		56,638
Shui On Land, Ltd.	188,275		81,036
Sino-Ocean Land Holdings, Ltd.	161,867		98,403
Sinopec Shanghai Petrochemical
Company, Ltd., H Shares	179,934		78,950
Sinopharm Group Company, Ltd., H Shares	30,000		96,915
SOHO China, Ltd.	140,000		116,739
Sun Art Retail Group, Ltd.	86,000		119,551
Tencent Holdings, Ltd.	39,300		1,251,554
Tingyi Cayman Islands Holding Corp.	76,000		197,890
Tsingtao Brewery Company, Ltd., H Shares	12,000		76,209
Want Want China Holdings, Ltd.	243,000		372,824
Weichai Power Company, Ltd., H Shares	19,680		66,031
Wumart Stores, Inc., H Shares	14,000		25,343
Yangzijiang Shipbuilding Holdings, Ltd.	65,000		50,949
Yanzhou Coal Mining Company, Ltd., H Shares	85,990		116,636
Zhejiang Expressway Company, Ltd., H Shares	103,718		81,879
Zijin Mining Group Company, Ltd.,
H Shares (L)	285,469		94,636
Zoomlion Heavy Industry Science and
Technology Company, Ltd., H Shares	33,000		39,998
ZTE Corp., H Shares	40,406		70,979

			19,353,429
Colombia - 0.3%
Bancolombia SA, ADR	18,325		1,159,056
Ecopetrol SA, ADR (L)	8,500		463,420
Pacific Rubiales Energy Corp.	11,600		244,824

			1,867,300
Czech Republic - 0.1%
CEZ AS	6,817		199,517
Komercni Banka AS	688		131,331
Telefonica Czech Republic AS	2,389		35,997

			366,845
Denmark - 0.8%
A.P. Moeller Maersk A/S, Series A	49		384,859
A.P. Moller Maersk A/S	24		179,846
Carlsberg A/S	4,179		407,629
Coloplast A/S	4,165		224,001
Danske Bank A/S (I)	26,933		482,840
DSV A/S, ADR (L)	7,635		184,850
Novo Nordisk A/S, Class B (L)	15,626		2,550,795
Novozymes A/S, B shares	8,960		303,630
TDC A/S	15,100		116,620

174

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Denmark (continued)
Tryg A/S	1,502	$	121,335
William Demant Holdings A/S (I)	1,000		83,928

			5,040,333
Egypt - 0.0%
Commercial International Bank	6,558		29,218
Egypt Kuwait Holding Company	7,787		9,344
Egyptian Financial Group-Hermes Holding (I)	2,727		4,008
EL EZZ Steel Company	2,373		3,209
Orascom Construction Industries (I)	3,416		120,511
Orascom Telecom Holding SAE (I)	23,717		15,130
Telecom Egypt	4,467		8,641

			190,061
Finland - 0.5%
Elisa OYJ, Class A (L)	6,060		112,626
Fortum OYJ	16,798		339,538
Kesko OYJ, B Shares	2,506		78,346
Kone OYJ	5,967		470,419
Metso OYJ	4,686		200,202
Neste Oil OYJ	4,388		61,944
Nokia OYJ (L)	142,752		466,308
Nokian Renkaat OYJ	3,680		164,213
Orion OYJ	2,574		67,728
Pohjola Bank OYJ (L)	3,924		57,274
Sampo OYJ	15,692		604,059
Stora Enso OYJ, Series R (L)	20,482		132,686
UPM-Kymmene OYJ (L)	19,972		223,747
Wartsila OYJ Abp	6,451		291,031

			3,270,121
France - 6.1%
Accor SA	5,625		195,511
Aeroports de Paris	1,056		89,625
Air Liquide SA	12,029		1,462,652
Alstom SA	8,387		342,162
ANF Immobilier	21		584
Arkema SA	2,236		203,636
AtoS	1,974		135,942
AXA SA	66,650		1,148,946
BNP Paribas SA	38,417		1,979,150
Bouygues SA	7,773		210,982
Bureau Veritas SA	2,208		274,946
Cap Gemini SA	5,485		249,994
Carrefour SA	22,907		629,244
Casino Guichard Perrachon SA	2,363		248,453
Christian Dior SA	2,157		358,449
Cie de Saint-Gobain	15,249		565,947
Cie Generale d’Optique
Essilor International SA	7,727		860,042
Cie Generale de Geophysique-Veritas (I)	6,098		137,168
Cie Generale des Etablissements Michelin	7,256		608,001
CNP Assurances	6,036		82,869
Credit Agricole SA (I)	40,543		335,199
Danone SA	22,360		1,557,916
Dassault Systemes SA	2,367		273,816
Edenred	6,463		211,630
Electricite de France SA	9,364		179,673
Eurazeo	1,228		62,312
European Aeronautic Defence &
Space Company NV	15,786		804,842
Eutelsat Communications	5,655		199,517
Fonciere Des Regions	1,089		85,306
France Telecom SA	71,498		724,968


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
France (continued)
GDF Suez	49,010	$	944,624
Gecina SA	1,027		119,258
Groupe Eurotunnel SA	20,725		165,145
ICADE	923		80,785
Iliad SA	983		209,261
Imerys SA	1,144		74,395
JCDecaux SA	2,889		79,395
Klepierre	4,227		166,183
L’Oreal SA	9,174		1,455,636
Lafarge SA	7,836		521,177
Lagardere SCA	4,134		152,325
Legrand SA	9,501		414,555
LVMH Moet Hennessy Louis Vuitton SA	9,714		1,668,831
Natixis	36,204		137,659
Pernod-Ricard SA	7,992		996,922
Peugeot SA (I)	8,575		62,247
PPR	2,941		647,482
Publicis Groupe SA	7,075		474,950
Remy Cointreau SA	868		100,367
Renault SA	7,469		469,012
Rexel SA	4,065		88,752
Safran SA	9,200		411,100
Sanofi	45,296		4,619,086
Schneider Electric SA	20,267		1,482,387
SCOR SE	6,688		192,135
Societe BIC SA	1,262		146,651
Societe Generale SA (I)	27,192		897,041
Sodexo	3,571		332,961
Suez Environnement Company	10,572		134,917
Technip SA	3,838		393,725
Thales SA	3,128		132,418
Total SA (L)	80,990		3,871,041
Unibail-Rodamco SE	3,494		813,796
Valeo SA	140		7,582
Vallourec SA	4,720		227,106
Veolia Environnement SA	15,729		198,558
Vinci SA	17,273		779,019
Vivendi SA	49,108		1,017,081
Wendel SA	1,458		154,539
Zodiac Aerospace	1,290		150,396

			39,209,982
Germany - 5.3%
Adidas AG	8,162		847,484
Allianz SE	17,367		2,359,774
Axel Springer AG	942		40,834
BASF SE	34,892		3,057,075
Bayer AG	31,410		3,240,814
Bayerische Motoren Werke AG	12,717		1,097,887
Beiersdorf AG	3,496		322,957
Brenntag AG	2,116		330,469
Celesio AG	2,960		55,581
Commerzbank AG (I)(L)	154,587		227,178
Continental AG	4,362		521,886
Daimler AG	34,659		1,886,596
Deutsche Bank AG	35,535		1,386,620
Deutsche Boerse AG	7,628		461,955
Deutsche Lufthansa AG	9,293		181,551
Deutsche Post AG	35,378		816,421
Deutsche Telekom AG	107,215		1,133,688
E.ON AG	68,822		1,202,142
Fraport AG Frankfurt Airport
Services Worldwide	1,295		72,635
Fresenius Medical Care AG & Company KGaA	7,543		509,240

175

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Germany (continued)
Fresenius SE & Company KGaA	4,906	$	605,565
GEA Group AG	6,518		214,996
Hannover Rueckversicherung AG	2,242		175,895
HeidelbergCement AG	5,487		394,528
Henkel AG & Company, KGaA	5,337		421,434
Hochtief AG (I)	1,773		115,366
Hugo Boss AG	784		87,857
Infineon Technologies AG	41,827		330,417
K&S AG	6,360		295,847
Kabel Deutschland Holding AG	2,945		271,558
Lanxess AG	3,352		237,767
Linde AG	6,915		1,286,336
MAN SE	4,328		465,658
Merck KGaA	2,354		355,250
Metro AG	4,961		141,087
Muenchener Rueckversicherungs AG	6,791		1,270,575
RWE AG	18,018		671,901
Salzgitter AG	1,439		57,772
SAP AG	35,191		2,820,191
Siemens AG	31,260		3,367,639
Suedzucker AG	2,769		116,986
ThyssenKrupp AG (I)	15,527		316,003
United Internet AG	3,568		86,786
Volkswagen AG	1,068		200,943

			34,061,144
Greece - 0.0%
Coca Cola Hellenic Bottling Company SA	7,325		196,239
OPAP SA	8,113		64,059

			260,298
Guernsey, Channel Islands - 0.0%
Resolution, Ltd.	56,076		232,742
Hong Kong - 3.0%
AIA Group, Ltd.	416,800		1,821,529
ASM Pacific Technology, Ltd.	6,500		71,616
Bank of East Asia, Ltd.	60,305		237,859
Beijing Enterprises Holdings, Ltd.	19,786		152,582
Belle International Holdings, Ltd.	185,860		311,100
BOC Hong Kong Holdings, Ltd.	143,328		479,395
Brilliance China Automotive Holdings, Ltd. (I)	94,000		110,847
Cathay Pacific Airways, Ltd.	31,782		54,390
Cheung Kong Holdings, Ltd.	53,000		783,613
Cheung Kong Infrastructure Holdings, Ltd.	18,772		128,681
China Agri-Industries Holdings, Ltd.	144,580		74,534
China Everbright, Ltd.	56,216		89,640
China Gas Holdings, Ltd.	74,000		73,956
China Mengniu Dairy Company, Ltd.	44,502		128,193
China Merchants Holdings
International Company, Ltd.	54,671		180,152
China Mobile, Ltd.	227,030		2,403,788
China Overseas Land & Investment, Ltd.	178,882		496,296
China Resource Power Holdings, Ltd.	67,867		203,882
China Resources Enterprises, Ltd.	49,145		145,962
China Resources Gas Group, Ltd.	18,000		49,639
China Resources Land, Ltd.	90,789		254,943
China State Construction
International Holdings, Ltd.	42,000		57,510
China Taiping Insurance
Holdings Company, Ltd. (I)	50,000		85,334
China Unicom Hong Kong, Ltd.	165,982		222,030
Citic Pacific, Ltd.	43,967		57,411
CLP Holdings, Ltd.	73,400		643,383
COSCO Pacific, Ltd.	81,057		117,687


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Hong Kong (continued)
First Pacific Company, Ltd.	82,000	$	111,374
Franshion Properties China, Ltd.	74,000		24,044
Galaxy Entertainment Group, Ltd. (I)	84,000		351,985
GCL-Poly Energy Holdings, Ltd.	161,000		32,921
Geely Automobile Holdings Company, Ltd.	75,000		36,801
GOME Electrical Appliances Holdings, Ltd. (I)	380,304		41,679
Guangdong Investment, Ltd.	99,220		87,223
Hang Lung Properties, Ltd.	88,326		330,913
Hang Seng Bank, Ltd.	29,619		475,049
Henderson Land Development Company, Ltd.	37,031		253,482
HKT Trust and HKT, Ltd.	107,825		107,905
Hong Kong & China Gas Company, Ltd.	201,645		587,697
Hong Kong Exchanges & Clearing, Ltd.	41,356		706,384
Hopewell Holdings, Ltd.	16,000		64,952
Huabao International Holdings, Ltd.	75,000		32,499
Hutchison Whampoa, Ltd.	81,800		856,389
Hysan Development Company, Ltd.	24,415		124,003
Kerry Properties, Ltd.	21,438		95,553
Kingboard Chemical Holdings, Ltd.	24,777		70,960
Kunlun Energy Company, Ltd.	118,000		251,010
Lee & Man Paper Manufacturing, Ltd.	36,000		28,125
Li & Fung, Ltd.	211,600		292,245
MGM China Holdings, Ltd.	35,912		77,361
MTR Corp., Ltd.	50,281		200,080
New World Development Company, Ltd.	125,995		214,211
Nine Dragons Paper Holdings, Ltd.	81,000		76,116
Noble Group, Ltd.	113,653		111,671
NWS Holdings, Ltd.	48,656		87,250
Orient Overseas International, Ltd.	5,500		37,271
PCCW, Ltd.	176,000		81,228
Poly Property Group Company, Ltd. (I)	61,000		38,960
Power Assets Holdings, Ltd.	53,582		506,292
Shanghai Industrial Holdings, Ltd.	33,930		106,470
Shangri-La Asia, Ltd.	70,102		138,192
Shimao Property Holdings, Ltd.	64,000		123,667
Shougang Fushan Resources Group, Ltd.	80,000		35,587
Sino Land Company, Ltd.	123,016		209,117
Sinofert Holdings, Ltd.	136,000		34,291
SJM Holdings, Ltd.	83,000		208,010
Skyworth Digital Holdings, Ltd.	43,214		29,327
Sun Hung Kai Properties, Ltd.	60,481		814,811
Swire Pacific, Ltd.	26,663		340,399
Swire Properties, Ltd.	43,628		155,631
The Link REIT	84,546		461,957
Wharf Holdings, Ltd.	56,876		508,698
Wheelock and Company, Ltd.	35,000		187,715
Wing Hang Bank, Ltd.	5,834		62,115
Yue Yuen Industrial Holdings, Ltd.	20,067		65,580

			19,311,152
Hungary - 0.0%
Magyar Telekom Telecommunications PLC	15,864		27,599
MOL Hungarian Oil and Gas PLC	1,549		108,886
OTP Bank PLC	9,034		162,976

			299,461
India - 1.4%
Axis Bank, Ltd., GDR	8,490		205,628
Dr. Reddy’s Laboratories, Ltd., ADR (L)	6,254		202,317
GAIL India, Ltd., GDR	2,500		89,375
HDFC Bank, Ltd., ADR (L)	21,025		786,756
ICICI Bank, Ltd., ADR	35,266		1,512,911
Infosys, Ltd., ADR (L)	47,587		2,565,415
Larsen & Toubro, Ltd., GDR (S)	12,013		301,972

176

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
India (continued)
Mahindra & Mahindra, Ltd., ADR	6,560	$	104,566
Ranbaxy Laboratories, Ltd., GDR (I)	8,490		69,533
Reliance Capital, Ltd., GDR (L)(S)	4,327		24,895
Reliance Communication, Ltd., GDR (S)	75,892		77,220
Reliance Industries, Ltd., GDR (S)	63,620		1,811,898
Reliance Infrastructure, Ltd., GDR (S)	1,788		32,021
State Bank of India, GDR	2,612		217,710
Sterlite Industries India, Ltd., ADR	12,500		87,250
Tata Motors, Ltd., ADR (L)	19,319		471,577
Tata Steel, Ltd., GDR	11,000		63,250
Ultratech Cement, Ltd., GDR	1,026		35,281
Wipro, Ltd., ADR (L)	39,514		399,091

			9,058,666
Indonesia - 0.7%
Adaro Energy Tbk PT	315,000		42,556
Astra Agro Lestari Tbk PT	17,500		33,387
Astra International Tbk PT	805,000		654,967
Bank Central Asia Tbk PT	490,000		576,780
Bank Danamon Indonesia Tbk PT	200,286		133,134
Bank Mandiri Persero Tbk PT	357,837		368,573
Bank Negara Indonesia Persero Tbk PT	276,500		143,892
Bank Pan Indonesia Tbk PT (I)	33,314		2,781
Bank Rakyat Indonesia Persero Tbk PT	501,000		452,213
Berlian Laju Tanker Tbk PT (I)	128,000		0
Bumi Resources Tbk PT	803,000		57,097
Charoen Pokphand Indonesia Tbk PT	276,000		143,576
Energi Mega Persada Tbk PT (I)	138,000		1,423
Gudang Garam Tbk PT	26,000		131,360
Indo Tambangraya Megah Tbk PT	16,000		58,581
Indocement Tunggal Prakarsa Tbk PT	53,500		128,418
Indofood Sukses Makmur Tbk PT	253,500		194,175
Indosat Tbk PT	36,000		24,121
Indosat Tbk PT, ADR	20		666
Kalbe Farma Tbk PT	855,000		109,122
Perusahaan Gas Negara Persero Tbk PT	480,500		294,498
Semen Gresik Persero Tbk PT	111,000		202,188
Tambang Batubara Bukit Asam Persero Tbk PT	36,500		54,160
Telekomunikasi Indonesia Persero Tbk PT	386,500		437,785
Telekomunikasi Indonesia Tbk PT, ADR	179		8,069
Unilever Indonesia Tbk PT	66,500		156,254
United Tractors Tbk PT	92,779		174,120

			4,583,896
Ireland - 0.4%
Bank of Ireland (I)	55,222		10,905
C&C Group PLC	478		3,110
CRH PLC	19,657		434,352
CRH PLC (London Exchange)	16,787		372,678
Elan Corp. PLC (I)	10,028		116,441
Experian PLC	38,730		673,561
Greencore Group PLC	26		42
Irish Bank Resolution Corp., Ltd. (I)	38,483		0
James Hardie Industries, Ltd.	16,532		172,932
Kerry Group PLC	5,738		342,093
Paddy Power PLC	51		4,591
Prothena Corp. PLC (I)	244		1,632
Ryanair Holdings PLC, ADR	1,921		80,259
Shire PLC	21,648		659,282

			2,871,878
Israel - 0.4%
Bank Hapoalim, Ltd. (I)	44,835		203,448
Bank Leumi Le-Israel, Ltd. (I)	54,437		192,011


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Israel (continued)
Bezeq The
Israeli Telecommunication Corp., Ltd.	65,229	$	90,524
Delek Group, Ltd.	86		24,156
Israel Chemicals, Ltd.	16,931		219,039
Israel Corp., Ltd.	58		44,069
Mellanox Technologies, Ltd. (I)	1,352		74,694
Mizrahi Tefahot Bank, Ltd. (I)	5,543		59,166
Nice Systems, Ltd. (I)	2,975		109,678
Teva Pharmaceutical Industries, Ltd.	35,251		1,401,117

			2,417,902
Italy - 1.3%
Arnoldo Mondadori Editore SpA (I)	29		35
Assicurazioni Generali SpA	45,582		713,533
Atlantia SpA	11,994		190,004
Banca Monte dei Paschi di Siena SpA (I)(L)	316,496		75,517
Banco Popolare SC (I)	66,876		84,893
Beni Stabili SpA	3,030		1,792
BGP Holdings PLC (I)	271,827		0
Enel Green Power SpA	77,743		145,998
Enel SpA	252,346		827,699
Eni SpA	96,142		2,158,856
Exor SpA	3,038		85,142
Fiat Industrial SpA	34,400		387,153
Fiat SpA (I)	33,809		180,698
Finmeccanica SpA (I)	17,213		83,171
Intesa Sanpaolo RSP	42,950		54,450
Intesa Sanpaolo SpA	384,582		566,748
Luxottica Group SpA	6,760		339,539
Mediobanca SpA	18,489		94,739
Pirelli & C. SpA (L)	10,659		111,964
Prelios SpA (I)	10,659		1,060
Prysmian SpA	7,382		152,269
Saipem SpA	10,004		308,303
Snam SpA	62,699		286,045
Telecom Italia RSP	233,394		144,166
Telecom Italia SpA	379,537		269,539
Terna Rete Elettrica Nazionale SpA	43,861		181,943
UniCredit SpA (I)	154,674		665,038
Unione di Banche Italiane SCPA	27,462		101,427

			8,211,721
Japan - 14.5%
ABC-MART, Inc.	700		26,688
Acom Company, Ltd. (I)	2,280		65,220
Advantest Corp.	6,000		84,830
Aeon Company, Ltd.	22,200		287,403
AEON Credit Service Company, Ltd. (L)	3,900		110,553
Aeon Mall Company, Ltd.	3,000		91,515
Air Water, Inc.	5,000		69,701
Aisin Seiki Company, Ltd.	7,900		291,075
Ajinomoto Company, Inc.	24,000		352,926
Alfresa Holdings Corp.	1,324		72,281
All Nippon Airways Company, Ltd.	54,000		111,479
Amada Company, Ltd.	12,000		79,684
Aozora Bank, Ltd.	49,000		138,314
Asahi Glass Company, Ltd.	41,000		284,740
Asahi Group Holdings, Ltd.	14,700		351,973
Asahi Kasei Corp.	51,000		344,488
Asics Corp.	5,900		97,644
Astellas Pharma, Inc.	16,674		899,404
Benesse Holdings, Inc.	2,400		102,178
Bridgestone Corp.	24,900		840,005
Brother Industries, Ltd.	9,200		95,297

177

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Japan (continued)
Calbee, Inc.	900	$	70,898
Canon, Inc.	43,700		1,611,527
Casio Computer Company, Ltd. (L)	6,700		52,465
Central Japan Railway Company, Ltd.	5,500		581,292
Chiyoda Corp.	6,000		67,229
Chubu Electric Power Company, Inc.	26,200		319,250
Chugai Pharmaceutical Company, Ltd.	8,600		191,795
Citizen Holdings Company, Ltd.	8,800		45,034
Coca-Cola West Company, Ltd.	1,077		18,783
Cosmo Oil Company, Ltd. (I)	24,000		50,515
Credit Saison Company, Ltd.	5,000		125,190
Dai Nippon Printing Company, Ltd.	22,000		210,030
Daicel Corp.	12,534		98,153
Daido Steel Company, Ltd.	9,000		47,962
Daihatsu Motor Company, Ltd.	8,000		166,206
Daiichi Sankyo Company, Ltd.	25,000		482,073
Daikin Industries, Ltd.	9,900		390,494
Dainippon Sumitomo Pharma Company, Ltd.	7,200		127,596
Daito Trust Construction Company, Ltd.	2,900		248,686
Daiwa House Industry Company, Ltd.	21,000		411,176
Daiwa Securities Group, Inc.	66,900		473,912
Dena Company, Ltd. (L)	3,500		95,351
Denki Kagaku Kogyo KK	18,000		64,975
Denso Corp.	18,500		786,663
Dentsu, Inc.	7,600		227,386
Don Quijote Company, Ltd.	2,600		115,336
East Japan Railway Company	13,000		1,070,064
Eisai Company, Ltd.	9,300		416,525
Electric Power Development Company, Ltd.	4,600		117,068
FamilyMart Company, Ltd.	1,700		77,710
FANUC Corp.	7,300		1,123,077
Fast Retailing Company, Ltd.	2,100		671,630
Fuji Electric Company, Ltd.	17,000		49,944
Fuji Heavy Industries, Ltd.	25,000		397,158
FUJIFILM Holdings Corp.	17,900		354,558
Fujitsu, Ltd.	70,000		292,262
Fukuoka Financial Group, Inc.	29,000		145,410
Furukawa Electric Company, Ltd.	23,362		51,672
Gree, Inc. (L)	3,700		46,557
GS Yuasa Corp. (L)	11,000		45,985
Hakuhodo DY Holdings, Inc.	990		76,287
Hamamatsu Photonics KK	2,700		107,021
Hankyu Hanshin Holdings, Inc.	43,000		259,731
Hino Motors, Ltd.	10,000		108,600
Hirose Electric Company, Ltd.	1,300		171,560
Hisamitsu Pharmaceutical Company, Inc.	2,400		130,009
Hitachi Chemical, Ltd.	3,700		56,697
Hitachi Construction Machinery Company, Ltd.	4,100		88,221
Hitachi High-Technologies Corp.	3,200		66,967
Hitachi Metals, Ltd.	5,000		47,865
Hitachi, Ltd.	175,000		1,020,645
Hokkaido Electric Power Company, Inc. (I)	5,800		59,368
Hokuriku Electric Power Company	6,300		77,870
Honda Motor Company, Ltd.	62,700		2,416,047
Hoya Corp.	17,500		329,211
Hulic Company, Ltd. (I)	13,600		112,064
Ibiden Company, Ltd.	4,400		68,882
Idemitsu Kosan Company, Ltd.	700		60,969
IHI Corp.	44,000		133,939
Inpex Corp.	84		451,485
Isetan Mitsukoshi Holdings, Ltd.	12,219		176,609
Isuzu Motors, Ltd.	46,000		278,401
ITOCHU Corp.	56,300		690,607


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Japan (continued)
Itochu Techno-Science Corp.	800	$	39,588
J Front Retailing Company, Ltd.	18,000		140,705
Japan Airlines Company, Ltd.	3,000		139,951
Japan Petroleum Exploration Company, Ltd.	600		23,622
Japan Prime Realty Investment Corp.	28		108,370
Japan Real Estate Investment Corp.	21		290,692
Japan Retail Fund Investment Corp.	75		186,050
Japan Tobacco, Inc.	34,600		1,107,399
JFE Holdings, Inc.	18,400		355,696
JGC Corp.	9,000		230,881
JSR Corp.	6,500		133,180
JTEKT Corp.	7,300		69,154
Jupiter Telecommunications Company, Ltd.	96		125,725
JX Holdings, Inc.	84,911		477,285
Kajima Corp.	33,000		89,709
Kamigumi Company, Ltd.	9,000		82,771
Kaneka Corp.	11,829		68,399
Kansai Paint Company, Ltd.	7,000		77,831
Kao Corp.	20,400		660,954
Kawasaki Heavy Industries, Ltd.	50,000		158,579
KDDI Corp.	20,600		861,863
Keikyu Corp.	18,000		188,032
Keio Corp.	20,000		171,897
Keisei Electric Railway Company, Ltd.	8,000		84,552
Keyence Corp.	1,699		521,956
Kikkoman Corp.	5,000		87,476
Kinden Corp.	3,591		23,563
Kintetsu Corp. (L)	62,000		288,967
Kirin Holdings Company, Ltd.	32,000		515,544
Kobe Steel, Ltd. (I)	105,000		123,536
Koito Manufacturing Company, Ltd.	4,000		69,050
Komatsu, Ltd.	37,200		887,825
Konami Corp.	3,700		73,977
Konica Minolta Holdings, Inc.	20,000		146,477
Kubota Corp.	44,000		637,909
Kuraray Company, Ltd.	13,200		186,157
Kurita Water Industries, Ltd.	4,400		97,570
Kyocera Corp.	5,800		532,476
Kyowa Hakko Kogyo Company, Ltd.	9,473		107,397
Kyushu Electric Power Company, Inc. (I)	16,300		166,383
Lawson, Inc.	2,100		161,331
LIXIL Group Corp.	11,000		219,435
M3, Inc.	37		72,135
Mabuchi Motor Company, Ltd.	800		43,227
Makita Corp.	3,900		173,884
Marubeni Corp.	67,000		512,307
Marui Group Company, Ltd.	7,600		78,960
Maruichi Steel Tube, Ltd.	1,200		28,020
Mazda Motor Corp. (I)	102,000		301,104
McDonald’s Holdings Company, Ltd.	2,600		69,950
Medipal Holdings Corp.	5,490		77,316
MEIJI Holdings Company, Ltd.	2,500		114,581
Miraca Holdings, Inc.	2,300		110,407
Mitsubishi Chemical Holdings Corp.	50,500		240,380
Mitsubishi Corp.	53,600		1,006,980
Mitsubishi Electric Corp.	73,000		595,553
Mitsubishi Estate Company, Ltd.	49,000		1,388,488
Mitsubishi Gas & Chemicals Company, Inc.	14,829		98,141
Mitsubishi Heavy Industries, Ltd.	118,000		683,022
Mitsubishi Logistics Corp.	5,943		110,288
Mitsubishi Materials Corp.	50,000		141,410
Mitsubishi Motors Corp. (I)	170,000		177,952
Mitsubishi Tanabe Pharma Corp.	7,000		107,217

178

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Japan (continued)
Mitsubishi UFJ Financial Group	489,900	$	2,953,022
Mitsubishi UFJ Lease &
Finance Company, Ltd.	17,600		92,165
Mitsui & Company, Ltd.	67,300		946,552
Mitsui Chemicals, Inc.	25,000		54,473
Mitsui Fudosan Company, Ltd.	32,000		912,849
Mitsui O.S.K. Lines, Ltd. (I)	47,000		155,781
Mizuho Financial Group, Inc. (L)	892,800		1,917,102
MS&AD Insurance Group Holdings	19,600		436,618
Murata Manufacturing Company, Ltd.	8,100		612,072
Nabtesco Corp.	3,900		80,036
Namco Bandai Holdings, Inc.	6,199		109,851
NEC Corp.	95,000		253,892
Nexon Company, Ltd.	4,100		40,067
NGK Insulators, Ltd.	9,000		96,028
NGK Spark Plug Company, Ltd.	5,000		76,741
NHK Spring Company, Ltd.	4,600		48,062
Nidec Corp.	4,400		263,631
Nikon Corp.	13,700		322,898
Nintendo Company, Ltd.	4,000		432,862
Nippon Building Fund, Inc.	24		336,190
Nippon Electric Glass Company, Ltd.	14,000		69,754
Nippon Express Company, Ltd.	30,000		144,018
Nippon Meat Packers, Inc.	5,238		84,734
Nippon Paper Group, Inc. (L)	3,300		50,340
Nippon Steel Corp.	302,000		768,581
Nippon Telegraph & Telephone Corp.	16,300		711,063
Nippon Yusen KK (L)	55,000		141,630
Nissan Motor Company, Ltd.	95,900		929,232
Nisshin Seifun Group, Inc.	9,000		118,965
Nissin Food Products Company, Ltd.	2,200		101,108
Nitori Holdings Company, Ltd.	1,050		81,148
Nitto Denko Corp.	6,800		408,627
NKSJ Holdings, Inc.	14,300		300,678
NOK Corp.	3,800		54,954
Nomura Holdings, Inc.	141,200		875,777
Nomura Real Estate Holdings, Inc.	4,500		100,812
Nomura Real Estate Office Fund, Inc.	7		51,549
Nomura Research Institute, Ltd.	3,200		82,940
NSK, Ltd.	13,715		104,544
NTT Data Corp.	55		181,662
NTT DOCOMO, Inc.	593		881,315
NTT Urban Development Corp.	22		26,487
Obayashi Corp.	27,000		129,286
Odakyu Electric Railway Company, Ltd. (L)	23,000		286,727
OJI Paper Company, Ltd.	30,000		112,710
Olympus Corp. (I)	9,400		223,316
Omron Corp.	7,100		179,714
Ono Pharmaceutical Company, Ltd.	2,900		179,519
Oracle Corp. Japan	1,500		67,664
Oriental Land Company, Ltd.	1,800		294,844
ORIX Corp.	42,400		541,561
Osaka Gas Company, Ltd.	69,000		301,664
Otsuka Corp.	400		43,553
Otsuka Holdings Company, Ltd.	14,500		504,994
Panasonic Corp. (I)	85,000		639,702
Park24 Company, Ltd.	5,000		97,897
Rakuten, Inc.	27,200		278,294
Resona Holdings, Inc.	71,500		377,681
Ricoh Company, Ltd.	24,000		261,457
Rinnai Corp.	1,200		85,516
Rohm Company, Ltd.	3,800		132,067
Sankyo Company, Ltd.	1,900		88,984


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Japan (continued)
Sanrio Company, Ltd. (L)	1,700	$	75,446
Santen Pharmaceutical Company, Ltd.	2,800		129,951
SBI Holdings, Inc. (L)	8,013		71,162
Secom Company, Ltd.	8,700		449,526
Sega Sammy Holdings, Inc.	6,900		138,587
Sekisui Chemical Company, Ltd.	17,000		188,202
Sekisui House, Ltd.	20,000		272,141
Seven & I Holdings Company, Ltd.	28,700		951,816
Seven Bank, Ltd.	20,400		65,651
Sharp Corp. (I)(L)	41,000		117,338
Shikoku Electric Power Company, Inc. (I)	6,400		91,170
Shimadzu Corp.	9,000		64,083
Shimamura Company, Ltd.	700		81,935
Shimano, Inc.	2,600		212,929
Shimizu Corp.	20,000		65,694
Shin-Etsu Chemical Company, Ltd.	15,700		1,041,870
Shinsei Bank, Ltd.	69,000		158,762
Shionogi & Company, Ltd.	12,600		255,213
Shiseido Company, Ltd. (L)	14,200		199,452
Showa Denko KK	45,839		69,127
Showa Shell Sekiyu KK	6,845		48,607
SMC Corp.	2,200		427,423
Softbank Corp.	36,600		1,686,530
Sojitz Corp.	41,700		65,426
Sony Corp. (L)	39,100		678,718
Sony Financial Holdings, Inc.	5,800		86,660
Stanley Electric Company, Ltd.	4,500		78,002
Sumco Corp.	5,200		59,135
Sumitomo Chemical Company, Ltd.	64,000		201,122
Sumitomo Corp.	44,500		561,239
Sumitomo Electric Industries, Ltd.	30,900		379,597
Sumitomo Heavy Industries, Ltd.	20,010		79,353
Sumitomo Metal Mining Company, Ltd.	21,000		298,303
Sumitomo Mitsui Financial Group, Inc.	51,700		2,121,539
Sumitomo Mitsui Trust Holdings, Inc.	117,000		556,519
Sumitomo Realty &
Development Company, Ltd.	14,000		545,148
Sumitomo Rubber Industries, Ltd.	7,100		119,145
Suruga Bank, Ltd.	6,000		96,346
Suzuken Company, Ltd.	2,400		87,058
Suzuki Motor Corp.	13,000		291,525
Sysmex Corp.	2,400		146,250
T&D Holdings, Inc.	23,300		278,987
Taiheiyo Cement Corp.	42,000		100,857
Taisei Corp. (L)	37,000		102,963
Taisho Pharmaceutical Holdings Company, Ltd.	1,200		85,106
Taiyo Nippon Sanso Corp.	9,000		62,617
Takashimaya Company, Ltd.	11,181		110,984
Takeda Pharmaceutical Company, Ltd.	30,100		1,647,658
TDK Corp. (L)	4,900		171,859
Teijin, Ltd.	32,000		74,175
Terumo Corp.	5,900		253,636
The 77th Bank, Ltd.	6,523		35,249
The Bank of Kyoto, Ltd.	13,000		127,415
The Bank of Yokohama, Ltd.	52,000		301,627
The Chiba Bank, Ltd.	31,000		223,494
The Chugoku Bank, Ltd.	6,000		97,059
The Chugoku Electric Power Company, Inc.	12,400		161,970
The Dai-ichi Life Insurance Company, Ltd.	340		456,756
The Gunma Bank, Ltd.	14,000		83,571
The Hachijuni Bank, Ltd.	13,000		77,799
The Hiroshima Bank, Ltd.	24,000		116,179
The Iyo Bank, Ltd.	10,000		92,820

179

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Japan (continued)
The Japan Steel Works, Ltd.	12,000	$	63,576
The Joyo Bank, Ltd.	23,000		128,291
The Kansai Electric Power Company, Ltd. (I)	29,800		282,886
The Nishi-Nippon City Bank, Ltd.	34,000		105,559
The Shizuoka Bank, Ltd.	22,000		248,377
THK Company, Ltd.	4,000		79,326
Tobu Railway Company, Ltd.	40,000		229,589
Toho Company, Ltd.	4,567		95,486
Toho Gas Company, Ltd.	14,000		89,146
Tohoku Electric Power Company, Inc. (I)	18,500		147,381
Tokio Marine Holdings, Inc.	27,300		789,098
Tokyo Electric Power Company, Inc. (I)	54,500		135,536
Tokyo Electron, Ltd.	6,700		285,680
Tokyo Gas Company, Ltd.	98,000		529,718
Tokyu Corp.	44,000		325,813
Tokyu Land Corp.	15,000		141,425
TonenGeneral Sekiyu KK	10,000		99,184
Toppan Printing Company, Ltd.	24,000		173,106
Toray Industries, Inc.	58,000		393,860
Toshiba Corp.	155,000		789,189
TOTO, Ltd.	9,000		80,840
Toyo Seikan Kaisha, Ltd.	4,800		66,509
Toyo Suisan Kaisha, Ltd.	4,000		123,553
Toyoda Gosei Company, Ltd.	2,466		59,264
Toyota Boshoku Corp.	3,300		46,691
Toyota Industries Corp.	6,100		224,586
Toyota Motor Corp.	106,000		5,462,868
Toyota Tsusho Corp.	7,900		202,532
Trend Micro, Inc.	4,000		112,362
Tsumura & Company, Ltd.	2,500		91,428
Ube Industries, Ltd.	37,000		73,017
Unicharm Corp.	4,300		245,705
Ushio, Inc.	4,200		42,942
USS Company, Ltd.	1,007		115,717
West Japan Railway Company	7,100		341,650
Yahoo Japan Corp.	630		290,294
Yakult Honsha Company, Ltd. (L)	4,143		167,124
Yamada Denki Company, Ltd. (L)	3,340		153,213
Yamaguchi Financial Group, Inc.	7,000		69,933
Yamaha Corp.	4,400		42,873
Yamaha Motor Company, Ltd.	12,400		167,905
Yamato Kogyo Company, Ltd.	2,300		63,026
Yamato Transport Company, Ltd.	15,700		284,884
Yamazaki Baking Company, Ltd.	4,000		52,751
Yaskawa Electric Corp.	9,000		90,552
Yokogawa Electric Corp.	7,686		77,287

			93,673,459
Jersey, Channel Islands - 0.0%
Randgold Resources, Ltd.	3,461		298,036
Luxembourg - 0.2%
APERAM	894		11,000
ArcelorMittal	39,259		507,114
Millicom International Cellular SA	2,700		215,878
Reinet Investments SCA (I)	1,493		28,920
SES SA	11,632		364,746
Tenaris SA	20,099		409,003

			1,536,661
Macau - 0.1%
Sands China, Ltd.	96,400		500,083
Wynn Macau, Ltd. (I)	61,415		164,324

			664,407


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Malaysia - 0.8%
AirAsia BHD	21,700	$	20,073
Alliance Financial Group BHD	53,600		76,242
AMMB Holdings BHD	59,087		124,712
Axiata Group BHD	90,800		194,338
Berjaya Sports Toto BHD	11,280		15,129
British American Tobacco Malaysia BHD	4,300		86,816
Bumi Armada BHD	41,700		51,012
CIMB Group Holdings BHD	191,800		473,947
DiGi.Com BHD	110,800		166,365
Felda Global Ventures Holdings BHD	39,000		57,673
Gamuda BHD	62,000		82,740
Genting BHD	72,900		236,519
Genting Malaysia BHD	105,700		125,334
Genting Plantations BHD	15,000		41,608
Hong Leong Bank BHD	20,060		93,591
Hong Leong Financial Group BHD	5,600		27,041
IHH Healthcare BHD (I)	71,800		85,416
IJM Corp. BHD	43,710		77,825
IJM Land BHD	1,395		1,160
IOI Corp. BHD	114,466		172,373
Kuala Lumpur Kepong BHD	17,150		114,890
Lafarge Malayan Cement BHD	9,360		29,892
Malayan Banking BHD	164,067		498,390
Malaysia Airports Holdings BHD	33,100		62,084
Malaysia Marine And Heavy Engineering
Holdings BHD	32,900		40,233
Maxis BHD	80,200		169,188
MISC BHD (I)	26,280		45,520
MMC Corp. BHD	53,600		44,201
Parkson Holdings BHD	20,197		30,679
Petronas Chemicals Group BHD	99,800		207,904
Petronas Dagangan BHD	12,200		92,415
Petronas Gas BHD	21,200		130,070
PPB Group BHD	17,700		72,216
Public Bank BHD	23,226		121,852
Public Bank BHD	21,000		110,594
RHB Capital BHD	23,140		64,618
Sapurakencana Petroleum BHD (I)	80,300		77,814
Sime Darby BHD	96,401		288,417
Telekom Malaysia BHD	40,000		69,643
Tenaga Nasional BHD	97,450		226,539
UEM Land Holdings BHD (I)	36,187		31,468
UMW Holdings BHD	25,500		110,436
YTL Corp. BHD	166,792		88,059
YTL Power International BHD	82,365		38,868

			4,975,904
Mexico - 1.3%
Alfa SAB de CV, Class A	115,380		282,290
America Movil SAB de CV, Series L	1,505,632		1,584,665
Arca Continental SAB de CV	7,500		56,189
Cemex SAB de CV (I)	402,211		490,435
Coca-Cola Femsa SAB de CV, Series L	15,312		251,323
Compartamos SAB de CV	28,000		51,591
Controladora Comercial Mexicana SAB de CV	20,600		75,875
El Puerto de Liverpool SAB de CV	4,600		56,424
Fomento Economico Mexicano SAB de CV	74,920		850,474
Fresnillo PLC	7,504		155,093
Grupo Aeroportuario del Pacifico SAB
de CV, Series B	18,400		107,757
Grupo Aeroportuario del Sureste SAB
de CV, Class B	9,800		134,072
Grupo Bimbo SAB de CV	63,384		202,547
Grupo Carso SAB de CV, Series A1	27,077		150,960

180

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Mexico (continued)
Grupo Financiero Banorte SAB de CV, Series O	63,862	$	512,490
Grupo Financiero Inbursa SAB de CV, Series O	64,238		186,834
Grupo Financiero Santander Mexico
Sab De CV	65,000		201,142
Grupo Mexico SAB de CV, Series B	156,766		632,656
Grupo Modelo SAB de CV	24,025		217,725
Grupo Televisa SA	101,026		539,419
Industrias CH SAB de CV, Series B (I)	9,500		82,957
Industrias Penoles SAB de CV	4,883		229,191
Kimberly-Clark de Mexico SAB de CV	56,178		196,164
Mexichem SAB de CV	31,640		169,790
Minera Frisco SAB de CV, Class A1 (I)	27,077		117,222
Wal-Mart de Mexico SAB de CV	199,088		649,902

			8,185,187
Netherlands - 3.0%
Aegon NV	69,292		417,190
Akzo Nobel NV	9,017		572,946
ASML Holding NV	12,384		833,804
Corio NV	2,612		121,948
DE Master Blenders 1753 NV (I)	24,375		376,965
Delta Lloyd NV	4,209		72,634
Fugro NV	2,691		149,535
Gemalto NV	2,994		261,286
Heineken Holding NV	4,171		267,409
Heineken NV	8,722		658,389
ING Groep NV (I)	144,739		1,040,203
Koninklijke Ahold NV	43,694		669,977
Koninklijke Boskalis Westinster NV	2,389		94,965
Koninklijke DSM NV	6,015		350,419
Koninklijke KPN NV (L)	38,133		129,219
Koninklijke Philips Electronics NV	39,744		1,181,133
Koninklijke Vopak NV	2,830		170,700
QIAGEN NV (I)	9,116		190,170
Randstad Holdings NV	4,408		180,644
Reed Elsevier NV	27,065		463,942
Royal Dutch Shell PLC, B Shares	100,409		3,341,240
Royal Dutch Shell PLC, Class A (London
Stock Exchange)	145,316		4,719,290
TNT Express NV	12,020		88,422
Unilever NV (L)	63,463		2,601,617
Wolters Kluwer NV	11,636		254,286
Ziggo NV	4,475		157,556

			19,365,889
New Zealand - 0.1%
Auckland International Airport, Ltd.	26,045		64,155
Contact Energy, Ltd.	8,664		41,368
Fletcher Building, Ltd.	32,368		232,516
SKYCITY Entertainment Group, Ltd.	17,594		64,996
Telecom Corp. of New Zealand, Ltd. (L)	34,738		68,117

			471,152
Norway - 0.6%
Aker Solutions ASA	7,375		137,849
DNB ASA	40,576		597,151
Gjensidige Forsikring ASA	4,167		69,013
Kvaerner ASA	3,694		7,685
Norsk Hydro ASA	44,388		193,057
Orkla ASA	33,366		267,698
Seadrill, Ltd.	13,637		496,220
Statoil ASA	42,623		1,040,679
Telenor ASA	26,823		588,280


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Norway (continued)
Yara International ASA	6,981	$	317,525

			3,715,157
Peru - 0.1%
Compania de Minas Buenaventura SA	3,633		93,981
Compania de Minas
Buenaventura SA, ADR (L)	4,331		112,433
Credicorp, Ltd. (L)	2,734		453,981
Southern Peru Copper Corp.	3,008		110,569

			770,964
Philippines - 0.2%
Ayala Corp.	7,160		99,183
Ayala Land, Inc.	253,800		203,108
Bank of the Philippine Islands	27,067		72,974
BDO Unibank, Inc. (I)	24,194		53,173
Energy Development Corp.	244,436		38,713
Filinvest Land, Inc.	211,491		10,230
Globe Telecom, Inc.	970		28,559
Jollibee Foods Corp.	18,900		58,709
Metropolitan Bank & Trust Company	30,818		88,248
Philippine Long Distance Telephone Company	2,340		169,805
SM Investments Corp.	8,108		221,588
SM Prime Holdings, Ltd.	241,744		112,909

			1,157,199
Poland - 0.3%
Asseco Poland SA	2,172		28,037
Bank Handlowy w Warszawie SA	1,164		32,595
Bank Millennium SA (I)	12,341		18,203
Bank Pekao SA	4,928		237,639
Boryszew SA (I)	23,796		3,216
BRE Bank SA (I)	525		55,176
Cyfrowy Polsat SA (I)	6,360		33,217
Enea SA	3,933		17,940
Eurocash SA	2,447		39,935
Firma Oponiarska Debica SA	64		1,314
Grupa Lotos SA (I)	2,314		29,144
Jastrzebska Spolka Weglowa SA	1,255		36,011
KGHM Polska Miedz SA	5,681		275,663
PGE SA	26,654		137,117
Polski Koncern Naftowy Orlen SA (I)	11,432		181,039
Polskie Gornictwo
Naftowe i Gazownictwo SA (I)	63,078		107,054
Powszechna Kasa Oszczednosci
Bank Polski SA	30,479		323,571
Powszechny Zaklad Ubezpieczen SA	2,300		285,518
Sygnity SA (I)	207		976
Synthos SA	14,988		29,025
Tauron Polska Energia SA	37,474		49,274
Telekomunikacja Polska SA	26,179		53,630

			1,975,294
Portugal - 0.1%
Banco Espirito Santo SA (I)	60,988		62,556
EDP - Energias de Portugal SA	84,624		261,197
Galp Energia SGPS SA	7,057		110,633
Jeronimo Martins SGPS SA	7,332		142,767
Portugal Telecom SGPS SA (L)	27,409		136,256

			713,409
Russia - 1.4%
Federal Grid Company Unified Energy System
JSC, GDR (I)(S)	1,087		2,753
Gazprom OAO, (London Exchange), ADR	3,680		31,566

181

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Russia (continued)
Gazprom OAO, ADR	251,662	$	2,139,127
LUKOIL OAO, ADR	29,756		1,919,262
Mechel, ADR (L)	5,229		26,459
MMC Norilsk Nickel OJSC, ADR	39,185		661,835
Mobile TeleSystems OJSC, ADR (L)	20,264		420,275
NovaTek OAO, GDR	3,606		388,153
Novolipetsk Steel OJSC, GDR	2,424		38,226
Pharmstandard OJSC, GDR (I)	1,320		27,258
Rosneft OAO, GDR (I)	30,000		228,900
Rosneft OAO, GDR (I)	38,621		294,956
Sberbank of Russia, ADR (I)	40,000		510,000
Sberbank of Russia, ADR (I)	34,900		446,789
Severstal OAO, GDR	4,250		37,761
Sistema JSFC, GDR	3,202		58,877
Surgutneftegas OAO, ADR	34,280		308,520
Surgutneftegas OAO, Class B, ADR	38,814		268,593
Tatneft OAO, ADR	14,389		571,229
Uralkali OSJC, GDR	6,000		221,280
VTB Bank OJSC, GDR	50,760		159,982

			8,761,801
Singapore - 1.2%
Ascendas Real Estate Investment Trust	56,864		119,388
CapitaLand, Ltd.	115,999		330,961
CapitaMall Trust	90,402		152,552
CapitaMalls Asia, Ltd.	31,000		51,368
City Developments, Ltd.	23,000		210,629
ComfortDelGro Corp., Ltd.	97,000		149,566
DBS Group Holdings, Ltd.	71,035		918,959
Genting Singapore PLC	226,200		273,348
Golden Agri-Resources, Ltd.	284,496		133,329
Hutchison Port Holdings Trust	215,400		183,352
Jardine Cycle and Carriage, Ltd.	4,547		187,673
K-Green Trust	6,562		5,852
Keppel Corp., Ltd.	56,969		515,443
Keppel Land, Ltd.	35,510		113,130
Olam International, Ltd. (L)	59,316		82,456
Oversea-Chinese Banking Corp., Ltd.	101,145		870,202
SembCorp Industries, Ltd.	38,019		159,309
SembCorp Marine, Ltd.	36,999		132,500
Singapore Airlines, Ltd.	23,140		203,043
Singapore Exchange, Ltd.	37,000		230,136
Singapore Press Holdings, Ltd.	59,500		215,194
Singapore Technologies Engineering, Ltd.	73,000		254,241
Singapore Telecommunications, Ltd.	303,840		880,978
StarHub, Ltd.	21,000		73,725
Suntec Real Estate Investment Trust	191		277
United Overseas Bank, Ltd.	50,361		828,994
UOL Group, Ltd.	24,099		135,821
Wilmar International, Ltd.	72,000		200,868

			7,613,294
South Africa - 1.6%
ABSA Group, Ltd.	12,071		203,470
African Bank Investments, Ltd. (L)	28,012		92,311
African Rainbow Minerals, Ltd.	5,606		115,456
Anglo American Platinum, Ltd. (I)	2,632		109,427
AngloGold Ashanti, Ltd.	14,430		339,018
ArcelorMittal South Africa, Ltd. (I)	5,939		18,368
Aspen Pharmacare Holdings, Ltd. (I)	8,659		179,846
Assore, Ltd.	664		22,434
Aveng, Ltd.	16,957		59,553
Bidvest Group, Ltd.	11,166		294,295
Discovery Holdings, Ltd.	15,181		129,132


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
South Africa (continued)
Exxaro Resources, Ltd.	4,891	$	86,857
FirstRand, Ltd.	118,126		413,819
Gold Fields, Ltd.	29,492		226,470
Growthpoint Properties, Ltd.	59,976		175,777
Harmony Gold Mining Company, Ltd.	16,381		105,417
Hulamin, Ltd. (I)	156		90
Impala Platinum Holdings, Ltd.	22,733		334,719
Imperial Holdings, Ltd.	6,917		158,190
Investec, Ltd.	7,953		55,608
Kumba Iron Ore, Ltd. (L)	3,135		167,780
Liberty Holdings, Ltd.	4,754		62,116
Massmart Holdings, Ltd.	4,351		90,028
MMI Holdings, Ltd.	19,936		50,363
Mr. Price Group, Ltd.	8,969		114,108
MTN Group, Ltd.	63,985		1,123,627
Naspers, Ltd.	14,605		909,839
Nedbank Group, Ltd.	9,463		196,073
Netcare, Ltd.	36,217		78,110
Northam Platinum, Ltd. (I)	9,557		41,281
Pick’n Pay Stores, Ltd.	7,147		33,121
PPC, Ltd.	27,421		95,610
Redefine Income Fund, Ltd.	113,653		122,357
Remgro, Ltd.	18,654		371,542
Reunert, Ltd.	6,898		57,574
RMB Holdings, Ltd.	31,391		142,141
RMI Holdings	31,391		79,505
Sanlam, Ltd.	64,030		328,523
Sappi, Ltd. (I)	26,810		83,465
Sasol, Ltd.	20,803		921,863
Shoprite Holdings, Ltd.	16,492		327,949
Standard Bank Group, Ltd.	44,958		578,826
Steinhoff International Holdings, Ltd. (I)	51,950		141,295
Super Group, Ltd. (I)	290		766
The Foschini Group, Ltd.	6,632		81,354
Tiger Brands, Ltd.	6,286		200,978
Trans Hex Group, Ltd. (I)	1,091		409
Truworths International, Ltd.	18,481		181,308
Vodacom Group, Ltd.	16,692		199,563
Woolworths Holdings, Ltd.	26,688		204,901

			10,106,632
South Korea - 3.2%
Amorepacific Corp.	127		106,928
AMOREPACIFIC Group	129		47,061
BS Financial Group, Inc.	7,467		101,522
Celltrion, Inc. (I)	2,478		118,539
Cheil Industries, Inc.	1,865		148,279
CJ CheilJedang Corp.	326		100,215
CJ Corp.	651		85,119
Coway Company, Ltd.	1,930		85,833
Daelim Industrial Company, Ltd.	1,199		98,653
Daewoo Engineering &
Construction Company, Ltd. (I)	6,620		53,353
Daewoo International Corp.	1,626		56,723
Daewoo Securities Company, Ltd.	7,159		73,597
Daewoo Shipbuilding & Marine
Engineering Company, Ltd.	4,040		100,325
DGB Financial Group, Inc.	3,940		59,502
Dongbu Insurance Company, Ltd.	1,810		77,278
Doosan Corp.	370		42,763
Doosan Heavy Industries and
Construction Company, Ltd.	2,030		82,220
Doosan Infracore Company, Ltd. (I)	4,470		63,223
E-Mart Company, Ltd.	817		161,149

182

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
South Korea (continued)
GS Engineering & Construction Corp.	1,110	$	54,009
GS Holdings Corp.	2,038		119,000
Hana Financial Group, Inc.	8,840		312,868
Hankook Tire Company, Ltd.	3,008		130,136
Hanwha Chemical Corp.	2,217		39,364
Hanwha Corp.	2,040		61,859
Hanwha Life Insurance Company, Ltd.	8,120		49,541
Hitejinro Holdings Company, Ltd.	200		3,040
Hyosung Corp.	1,033		51,184
Hyundai Department Store Company, Ltd.	654		96,036
Hyundai Development Company	1,140		25,437
Hyundai Engineering &
Construction Company, Ltd.	2,649		158,635
Hyundai Glovis Company, Ltd.	539		93,126
Hyundai Heavy Industries Company, Ltd.	1,587		306,753
Hyundai Hysco Company, Ltd.	1,490		45,794
Hyundai Marine & Fire
Insurance Company, Ltd.	2,650		75,988
Hyundai Merchant Marine Company, Ltd. (I)	2,180		28,139
Hyundai Mipo Dockyard	513		53,549
Hyundai Mobis	2,535		709,454
Hyundai Motor Company	5,686		1,144,729
Hyundai Securities Company, Ltd.	2,435		17,375
Hyundai Steel Company	2,195		160,823
Hyundai Wia Corp.	644		95,709
Industrial Bank of Korea	7,080		81,475
Kangwon Land, Inc.	4,000		110,895
KB Financial Group, Inc.	10,980		366,739
KB Financial Group, Inc., ADR	2,772		91,587
KCC Corp.	196		52,431
Kia Motors Corp.	9,843		497,779
Korea Aerospace Industries, Ltd.	1,710		39,668
Korea Electric Power Corp. (I)	7,710		211,453
Korea Electric Power Corp., ADR (I)(L)	4,277		58,124
Korea Exchange Bank	11,150		74,180
Korea Gas Corp.	1,000		63,078
Korea Investment Holdings Company, Ltd.	1,760		70,459
Korea Zinc Company, Ltd.	339		108,349
Korean Air Lines Company, Ltd. (I)	1,139		41,673
Korean Reinsurance Company, Ltd.	15		155
KT Corp.	2,633		83,258
KT Corp., ADR	1,663		26,126
KT&G Corp.	4,163		282,348
Kumho Industrial Company, Ltd. (I)	17		228
Kumho Petrochemical Company, Ltd.	614		58,882
LG Chem, Ltd.	1,735		415,023
LG Corp.	3,654		213,003
LG Display Company, Ltd. (I)	7,650		223,098
LG Display Company, Ltd., ADR (I)(L)	2,417		35,264
LG Electronics, Inc.	4,051		297,774
LG Household & Health Care, Ltd.	362		199,126
LG Innotek Company, Ltd. (I)	210		14,758
LG Uplus Corp. (I)	10,232		73,848
Lotte Chemical Corp.	737		131,402
Lotte Confectionery Company, Ltd.	35		55,546
Lotte Shopping Company, Ltd.	410		145,130
LS Cable, Ltd.	793		63,052
LS Industrial Systems Company, Ltd.	735		40,521
Mando Corp.	567		59,600
Mirae Asset Securities Company, Ltd.	875		32,538
NCSoft Corp.	632		88,359
Neo Holdings Company, Ltd. (I)	370		0
NHN Corp.	1,544		373,688


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
South Korea (continued)
OCI Company, Ltd.	650	$	93,434
Orion Corp.	143		140,227
POSCO	2,426		714,656
S-Oil Corp.	1,778		149,895
S1 Corp.	810		45,316
Samsung C&T Corp.	4,787		295,763
Samsung Card Company, Ltd.	1,490		51,223
Samsung Electro-Mechanics Company, Ltd.	2,318		208,780
Samsung Electronics Company, Ltd.	4,040		5,502,494
Samsung Engineering Company, Ltd.	1,181		136,304
Samsung Fire & Marine
Insurance Company, Ltd.	1,357		265,318
Samsung Heavy Industries Company, Ltd.	6,270		198,285
Samsung Life Insurance Company, Ltd.	2,331		218,073
Samsung SDI Company, Ltd.	1,333		169,000
Samsung Securities Company, Ltd.	2,498		120,435
Samsung Techwin Company, Ltd.	1,577		93,357
Shinhan Financial Group Company, Ltd., ADR	350		12,565
Shinhan Financial Group Company, Ltd.	15,585		559,771
Shinsegae Company, Ltd.	318		63,482
SK C&C Company, Ltd.	964		86,395
SK Holdings Company, Ltd.	1,019		154,093
SK Hynix, Inc. (I)	19,510		516,506
SK Innovation Company, Ltd.	2,274		333,752
SK Networks Company, Ltd.	3,090		21,110
SK Telecom Company, Ltd.	470		76,439
SK Telecom Company, Ltd., ADR	4,155		74,250
Woori Finance Holdings Company, Ltd.	14,510		163,292
Woori Investment & Securities Company, Ltd.	3,944		40,889
Yuhan Corp.	350		59,900

			20,840,451
Spain - 1.8%
Abertis Infraestructuras SA (L)	13,762		232,347
Acciona SA	1,036		56,965
ACS Actividades de Construccion
y Servicios SA	6,186		144,540
Amadeus IT Holding SA, A Shares	12,738		344,829
Banco Bilbao Vizcaya Argentaria SA	209,044		1,822,862
Banco de Sabadell SA	115,316		211,911
Banco de Valencia SA (I)	149		2
Banco Popular Espanol SA (I)	167,020		125,059
Banco Santander SA	403,891		2,732,306
Bankia SA (I)(L)	34,046		7,280
CaixaBank (L)	34,807		118,195
Distribuidora Internacional de Alimentacion SA	23,600		163,378
Enagas SA	6,236		145,708
Ferrovial SA	14,499		231,006
Gas Natural SDG SA	14,483		256,685
Grifols SA (I)	4,281		159,189
Grifols SA, B Shares (I)	427		12,255
Iberdrola SA	158,633		739,771
Inditex SA	8,254		1,099,964
Mapfre SA	30,375		93,991
Red Electrica Corp. SA	4,146		208,707
Repsol SA	33,713		685,966
Telefonica SA	158,395		2,141,014
Zardoya Otis SA	5,301		70,895
Zeltia SA (I)	175		287

			11,805,112
Sweden - 2.2%
Alfa Laval AB	13,367		308,847
Assa Abloy AB, Series B	13,254		542,132

183

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Sweden (continued)
Atlas Copco AB, Series A	25,624	$	730,159
Atlas Copco AB, Series B	13,732		348,203
Boliden AB	10,826		174,636
CDON Group AB (I)	1,132		6,431
Electrolux AB (L)	9,396		239,404
Elekta AB, Series B	15,376		233,533
Getinge AB, B Shares (L)	6,512		198,910
Hennes & Mauritz AB, B Shares	35,889		1,285,212
Hexagon AB	9,601		261,857
Husqvarna AB, B Shares	18,793		111,068
Industrivarden AB, C Shares	2,860		52,154
Investment AB Kinnevik, B Shares	7,421		179,980
Investor AB, B Shares	16,147		467,062
Lundin Petroleum AB (I)	8,518		184,561
Nordea Bank AB	100,775		1,143,469
Ratos AB	7,211		76,258
Sandvik AB	40,462		624,394
Scania AB, Series B	10,652		223,532
Securitas AB, Series B	14,347		135,219
Skandinaviska Enskilda Banken
AB, Series A (L)	56,007		563,370
Skanska AB, Series B	14,150		256,061
SKF AB, B Shares	15,548		380,423
Svenska Cellulosa AB, B Shares	22,959		592,800
Svenska Handelsbanken AB, Class A (L)	18,485		791,173
Swedbank AB, Class A (L)	32,393		738,050
Swedish Match AB	8,709		270,615
Tele2 AB, B Shares	12,690		221,107
Telefonaktiebolaget LM Ericsson, B Shares	116,154		1,449,306
TeliaSonera AB	82,426		589,257
Volvo AB, Series B	52,551		765,722

			14,144,905
Switzerland - 6.7%
ABB, Ltd. (SIX Swiss Exchange) (I)	83,395		1,883,366
Actelion, Ltd. (I)	4,318		234,647
Adecco SA (I)	5,213		285,845
Aryzta AG (I)	3,464		204,676
Baloise Holding AG	1,820		170,583
Banque Cantonale Vaudoise	114		63,731
Barry Callebaut AG (I)	69		66,589
Cie Financiere Richemont SA	20,075		1,578,112
Credit Suisse Group AG (I)	48,428		1,278,085
EMS-Chemie Holding AG	400		120,519
Geberit AG (I)	1,444		355,744
Givaudan AG (I)	319		391,966
Glencore International PLC (L)	143,895		782,354
Holcim, Ltd. (I)	9,427		752,088
Julius Baer Group, Ltd. (I)	8,521		331,940
Kuehne & Nagel International AG	2,068		225,845
Lindt & Spruengli AG - PC (I)	35		134,747
Lindt & Spruengli AG - REG (I)	4		180,466
Lonza Group AG (I)	1,931		125,402
Nestle SA	123,812		8,957,305
Novartis AG	87,611		6,238,905
Pargesa Holding SA	960		65,349
Partners Group Holding AG	751		185,428
Roche Holdings AG	26,722		6,238,869
Schindler Holding AG,
Participation Certificates	1,821		266,988
Schindler Holding AG, Registered Shares	764		109,029
SGS SA	206		506,108
Sika AG	91		221,294
Sonova Holding AG (I)	1,882		226,021


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Switzerland (continued)
STMicroelectronics NV	24,208	$	186,435
Sulzer AG	981		168,014
Swiss Life Holding (I)	1,158		171,835
Swiss Prime Site AG (I)	2,297		186,025
Swiss Re, Ltd.	13,654		1,111,217
Swisscom AG	890		411,943
Syngenta AG	3,571		1,492,610
The Swatch Group AG	1,748		177,567
The Swatch Group AG, BR Shares	1,160		675,369
Transocean, Ltd. (I)	14,101		728,576
UBS AG (I)	138,236		2,122,914
Wolseley PLC	10,619		530,692
Xstrata PLC (I)	81,091		1,321,760
Zurich Insurance Group AG (I)	5,672		1,579,654

			43,046,612
Taiwan - 1.8%
Acer, Inc. (I)	53,424		46,484
Advanced Semiconductor Engineering, Inc.	215,933		175,462
Advantech Company, Ltd.	1,811		7,849
Asia Cement Corp.	35,433		42,923
Asia Optical Company, Inc. (I)	79		81
Asustek Computer, Inc.	24,952		297,239
AU Optronics Corp. (I)	163,827		71,616
Catcher Technology Company, Ltd.	8,184		36,878
Cathay Financial Holdings Company, Ltd.	262,335		361,765
Chang Hwa Commercial Bank	79,308		46,555
Cheng Shin Rubber Industry Company, Ltd.	67,548		192,301
Cheng Uei Precision Industry Company, Ltd.	6,949		13,166
China Airlines, Ltd. (I)	26,874		10,483
China Development
Financial Holdings Corp. (I)	213,153		60,952
China Motor Corp.	65		60
China Steel Corp.	425,538		369,918
Chinatrust Financial Holding Company, Ltd.	459,988		274,709
Chunghwa Telecom Company, Ltd.	141,148		435,081
Compal Communications, Inc. (I)	512		545
Compal Electronics, Inc.	79,764		56,416
D-Link Corp.	361		210
Delta Electronics, Inc.	67,331		282,526
E.Sun Financial Holding Company, Ltd.	50,143		30,356
Epistar Corp.	10,064		18,022
Eternal Chemical Company, Ltd.	4,064		3,363
Eva Airways Corp. (I)	23,623		13,971
Evergreen Marine Corp., Ltd. (I)	8,799		5,250
Far Eastern Department Stores Company, Ltd.	19,552		17,478
Far Eastern New Century Corp.	61,134		62,839
Far EasTone
Telecommunications Company, Ltd.	69,159		156,616
First Financial Holding Company, Ltd.	108,731		68,018
Formosa Chemicals & Fibre Corp.	115,740		259,087
Formosa Petrochemical Corp.	24,720		65,020
Formosa Plastics Corp.	148,160		350,607
Formosa Taffeta Company, Ltd.	5,000		4,564
Foxconn Technology Company, Ltd.	13,795		38,111
Fubon Financial Holding Company, Ltd.	211,112		302,937
Hon Hai Precision Industry Company, Ltd.	371,382		1,031,155
HTC Corp.	26,997		220,714
Hua Nan Financial Holdings Company, Ltd.	74,724		43,095
Innolux Corp. (I)	93,794		57,998
Inotera Memories, Inc. (I)	428		121
Inventec Corp.	25,899		9,754
Kinsus Interconnect Technology Corp.	1,035		3,205
Largan Precision Company, Ltd.	1,143		29,938

184

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Taiwan (continued)
Lite-On Technology Corp.	38,846	$	63,046
Macronix International	49,487		14,228
MediaTek, Inc.	42,340		482,547
Mega Financial Holding Company, Ltd.	331,661		268,884
Mitac International Corp.	2,814		1,039
Mosel Vitelic, Inc. (I)	236		57
Nan Ya Plastics Corp.	175,240		309,368
Novatek Microelectronics Corp., Ltd.	7,361		32,265
Pan-International Industrial (I)	324		271
Pegatron Corp. (I)	32,989		50,792
Pou Chen Corp.	36,641		39,179
Powertech Technology, Inc.	13,149		22,137
President Chain Store Corp.	7,496		41,140
Quanta Computer, Inc.	92,771		204,911
Realtek Semiconductor Corp.	5,940		13,625
Richtek Technology Corp.	2,425		14,016
Shin Kong Financial Holding Company, Ltd. (I)	95,063		29,867
Siliconware Precision Industries Company	54,855		63,443
SinoPac Financial Holdings Company, Ltd.	104,368		49,732
Synnex Technology International Corp.	23,741		42,996
Taishin Financial Holdings Company, Ltd.	69,974		29,273
Taiwan Cement Corp.	60,781		74,971
Taiwan Cooperative Financial Holding	49,514		28,290
Taiwan Fertilizer Company, Ltd.	13,000		31,062
Taiwan Glass Industrial Corp.	11,254		10,322
Taiwan Mobile Company, Ltd.	62,257		210,493
Taiwan Semiconductor
Manufacturing Company, Ltd.	914,227		3,054,321
Teco Electric & Machinery Company, Ltd.	16,000		12,727
TPK Holding Company, Ltd.	8,000		159,696
Transcend Information, Inc.	6,608		21,453
Tripod Technology Corp.	4,110		9,181
Tung Ho Steel Enterprise Corp.	8,132		7,778
U-Ming Marine Transport Corp.	5,000		7,721
Uni-President Enterprises Corp.	153,600		291,185
Unimicron Technology Corp.	20,604		21,281
United Microelectronics Corp.	258,313		96,227
Wafer Works Corp.	142		79
Walsin Lihwa Corp. (I)	28,000		8,064
Wan Hai Lines, Ltd. (I)	5,512		2,925
Wistron Corp.	35,352		38,834
Ya Hsin Industrial Company, Ltd. (I)	36,000		0
Yang Ming Marine Transport Corp. (I)	3,348		1,535
Yuanta Financial Holdings Company, Ltd.	179,932		91,249
Yulon Motor Company, Ltd.	17,510		31,257
Zinwell Corp.	904		736

			11,559,641
Thailand - 0.6%
Advanced Info Service PCL	48,400		390,043
Bangkok Bank PCL	15,300		116,244
Bangkok Bank PCL, Foreign Shares	34,900		269,863
Bangkok Expressway PCL	4,000		5,429
Bank of Ayudhya PCL	112,400		134,550
Banpu PCL	5,500		70,804
BEC World PCL	46,019		100,571
Charoen Pokphand Foods PCL	136,200		153,478
CP ALL PCL	173,500		271,047
Electricity Generating PCL, Foreign Shares	800		4,248
Glow Energy PCL	27,900		70,738
IRPC PCL	528,400		70,369
Kasikornbank PCL, Foreign Shares	61,800		442,658
Krung Thai Bank PCL	164,375		139,201
PTT Exploration & Production PCL	60,147		304,997


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Thailand (continued)
PTT Global Chemical PCL	65,273	$	154,908
PTT PCL, Foreign Shares	34,300		379,484
Siam Cement PCL, Foreign Shares	11,300		187,102
Siam Commercial Bank PCL	70,748		428,812
Thai Oil PCL	28,800		62,940

			3,757,486
Turkey - 0.5%
Adana Cimento Sanayii TAS, Class A	685		1,544
Akbank TAS	67,697		355,396
Akcansa Cimento AS	635		3,860
Aksigorta AS	3,270		4,267
Anadolu Efes Biracilik Ve Malt Sanayii AS	8,117		130,132
Arcelik AS	6,139		43,423
Asya Katilim Bankasi AS (I)	1,627		2,150
BIM Birlesik Magazalar AS	4,107		200,302
Coca-Cola Icecek AS	2,884		81,705
Emlak Konut Gayrimenkul Yatirim
Ortakligi AS	17,803		28,455
Enka Insaat ve Sanayi AS	19,622		60,716
Eregli Demir ve Celik Fabrikalari TAS	26,650		34,609
Ford Otomotiv Sanayi AS	4,572		65,715
HACI Omer Sabanci Holding AS	31,762		187,858
Is Gayrimenkul Yatirim Ortakligi AS	3,602		2,906
KOC Holdings AS	25,423		147,587
Koza Altin Isletmeleri AS	1,847		43,190
TAV Havalimanlari Holding AS (I)	4,656		30,006
Tupras Turkiye Petrol Rafinerileri AS	4,998		150,301
Turk Hava Yollari (I)	22,058		90,322
Turk Telekomunikasyon AS	22,064		97,820
Turkcell Iletisim Hizmetleri AS (I)	29,771		199,328
Turkiye Garanti Bankasi AS	86,216		457,377
Turkiye Halk Bankasi AS	25,911		277,214
Turkiye Is Bankasi, Class C	60,572		230,424
Turkiye Sise ve Cam Fabrikalari AS	29,230		49,587
Turkiye Vakiflar Bankasi Tao, Class D	22,351		71,680
Yapi ve Kredi Bankasi AS	35,813		110,825

			3,158,699
Ukraine - 0.0%
Kernel Holding SA (I)	1,846		33,521
United Kingdom - 13.1%
3i Group PLC	36,258		174,917
Aberdeen Asset Management PLC	32,456		212,674
Admiral Group PLC	8,824		179,036
Aggreko PLC	10,324		280,692
AMEC PLC	13,168		211,467
Anglo American PLC	53,582		1,379,350
Antofagasta PLC	15,103		226,149
ARM Holdings PLC	51,898		730,043
Associated British Foods PLC	13,331		385,220
AstraZeneca PLC	47,762		2,401,516
Aviva PLC	114,794		517,224
Babcock International Group PLC	14,731		244,133
BAE Systems PLC	127,718		766,614
Balfour Beatty PLC	30,906		110,582
Barclays PLC	443,011		1,963,416
BG Group PLC	130,209		2,235,274
BHP Billiton PLC	80,927		2,349,616
BP PLC, ADR	725,507		5,095,023
British American Tobacco PLC	74,157		3,970,556
British Land Company PLC	32,395		267,692
British Sky Broadcasting Group PLC	42,555		571,168
BT Group PLC	304,155		1,281,586

185

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
United Kingdom (continued)
Bunzl PLC	13,875	$	273,632
Burberry Group PLC	16,791		339,386
Capita PLC	24,608		336,764
Capital Shopping Centres Group PLC	20,310		103,345
Carnival PLC	7,468		262,247
Centrica PLC	201,036		1,125,005
Cobham PLC	45,465		168,234
Compass Group PLC	72,462		925,892
Croda International PLC	5,115		213,336
Diageo PLC	95,806		3,016,830
Enquest PLC (I)	3,012		6,709
Eurasian Natural Resources Corp. PLC	9,172		34,349
Evraz PLC	12,663		42,986
G4S PLC	58,577		260,081
GKN PLC	59,980		241,836
GlaxoSmithKline PLC	189,684		4,439,864
Hammerson PLC	26,287		196,953
Hargreaves Lansdown PLC	8,843		116,712
HSBC Holdings PLC	696,765		7,417,683
ICAP PLC	23,327		103,037
IMI PLC	12,138		239,019
Imperial Tobacco Group PLC	38,109		1,334,312
Inmarsat PLC	19,227		205,716
Intercontinental Hotels Group PLC	10,577		323,381
International Consolidated
Airlines Group SA (I)	42,245		163,286
International Personal Finance PLC	84		568
Intertek Group PLC	6,301		325,530
Invensys PLC	34,926		186,859
Investec PLC	23,790		166,032
ITV PLC	141,502		278,438
J Sainsbury PLC	44,909		258,451
Johnson Matthey PLC	8,399		293,788
Kazakhmys PLC	8,303		49,569
Kingfisher PLC	91,500		401,058
Land Securities Group PLC	30,644		386,234
Legal & General Group PLC	222,663		584,801
Lloyds Banking Group PLC (I)	1,628,050		1,211,287
London Stock Exchange Group PLC	7,855		156,829
Marks & Spencer Group PLC	60,423		358,168
Meggitt PLC (I)	28,808		215,740
Melrose Industries PLC	51,335		207,193
National Grid PLC	139,903		1,629,208
Next PLC	6,453		428,860
Old Mutual PLC	187,810		581,104
Pearson PLC	31,278		563,662
Petrofac, Ltd.	10,236		223,032
Prudential PLC	97,134		1,580,605
Reckitt Benckiser Group PLC	25,017		1,795,106
Reed Elsevier PLC	47,073		560,404
Rexam PLC	32,638		261,729
Rio Tinto PLC	51,262		2,414,477
Rolls-Royce Holdings PLC	71,888		1,235,296
Royal Bank of Scotland Group PLC (I)	84,048		353,629
RSA Insurance Group PLC	134,083		237,733
SABMiller PLC	36,390		1,916,502
Schroders PLC	5,056		162,744
Segro PLC	33,442		129,313
Serco Group PLC	19,001		181,584
Severn Trent PLC	8,842		230,122
Smith & Nephew PLC	35,695		412,949
Smiths Group PLC	15,034		288,119
SSE PLC	35,919		811,607


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
United Kingdom (continued)
Standard Chartered PLC	91,216	$	2,362,950
Standard Life PLC	93,701		522,645
Subsea 7 SA	11,603		272,184
Tate & Lyle PLC	18,516		239,546
Tesco PLC	310,563		1,805,628
The Sage Group PLC	49,837		260,287
The Weir Group PLC	8,453		290,929
TUI Travel PLC	21,522		106,848
Tullow Oil PLC	34,473		645,256
Unilever PLC	49,670		2,107,363
United Utilities Group PLC	26,610		286,616
Vedanta Resources PLC	4,922		75,267
Vodafone Group PLC	1,874,149		5,319,489
Whitbread PLC	7,297		285,751
WM Morrison Supermarkets PLC	92,199		387,212
WPP PLC	48,919		782,444

			84,273,288
United States - 0.1%
Brookfield Office Properties, Inc.	11,124		190,976
Catamaran Corp. (I)	8,200		434,519
Sims Metal Management, Ltd.	5,577		58,450
Southern Copper Corp. (L)	3,966		149,003

			832,948

TOTAL COMMON STOCKS (Cost $508,414,127)		$	614,004,675


PREFERRED SECURITIES - 1.8%
Brazil - 1.3%
AES Tiete SA	4,500		43,647
Banco Bradesco SA	75,608		1,275,879
Banco do Estado do Rio Grande do Sul SA	7,832		67,090
Bradespar SA	8,800		114,445
Braskem SA, A Shares	4,100		27,513
Centrais Eletricas Brasileiras SA	4,300		27,131
Cia Brasileira de Distribuicao Grupo Pao
de Acucar	2,536		133,429
Cia Paranaense de Energia	4,400		67,848
Companhia de Bebidas das Americas	27,019		1,136,516
Companhia de Transmissao de Energia
Eletrica Paulista	1,616		26,798
Companhia Energetica de Minas Gerais	17,986		211,124
Companhia Energetica de Sao Paulo	6,883		69,077
Eletropaulo Metropolitana Eletricidade de
Sao Paulo SA	4,851		23,862
Gerdau SA	31,800		243,605
Itau Unibanco Holding SA	82,000		1,456,380
Itausa - Investimentos Itau SA	92,611		481,215
Klabin SA	17,800		121,823
Lojas Americanas SA	15,656		134,964
Marcopolo SA	9,200		65,332
Metalurgica Gerdau SA	10,700		102,565
Oi SA	30,670		93,494
Petroleo Brasileiro SA	150,651		1,370,266
Telefonica Brasil SA	5,054		134,982
Usinas Siderurgicas de Minas Gerais SA	10,150		54,197
Vale SA	71,900		1,190,179

			8,673,361
Germany - 0.4%
Bayerische Motoren Werke AG	1,808		115,527
Henkel AG & Company KGaA	6,820		656,647
Porsche Automobil Holding SE	5,849		427,806
ProSiebenSat.1 Media AG	4,045		144,491

186

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value


PREFERRED SECURITIES (continued)
Germany (continued)
RWE AG (L)	1,550	$	55,600
Volkswagen AG	5,487		1,090,711

			2,490,782
South Korea - 0.1%
Hyundai Motor Company, Ltd.	1,066		75,829
Hyundai Motor Company, Ltd., 2nd Preferred	1,556		118,889
Hyundai Securities Company	980		6,774
LG Chem, Ltd.	411		33,013
Samsung Electronics Company, Ltd.	766		599,215

			833,720

TOTAL PREFERRED SECURITIES (Cost $9,331,341)		$	11,997,863


RIGHTS - 0.0%
Caixabank (I)(N)	34,807	$	2,365

TOTAL RIGHTS (Cost $2,723)		$	2,365


WARRANTS - 0.0%
Kinross Gold Corp. (Expiration Date:
09/17/2014; Strike Price: $21.30) (I)	1,210		226

TOTAL WARRANTS (Cost $5,766)		$	226


SECURITIES LENDING COLLATERAL - 6.5%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)	4,166,748	$	41,703,733

TOTAL SECURITIES LENDING
COLLATERAL (Cost $41,703,228)		$	41,703,733


SHORT-TERM INVESTMENTS - 1.6%
Money Market Funds - 1.6%
AIM Short-Term Investment Trust, STIC Prime
Portfolio, Institutional Class, 0.1200% (Y)	10,128,209		10,128,209

TOTAL SHORT-TERM INVESTMENTS (Cost $10,128,209)		$	10,128,209

Total Investments (International Equity Index Trust B)
(Cost $569,585,394) - 105.2%		$	677,837,071
Other assets and liabilities, net - (5.2%)			(33,485,859)

TOTAL NET ASSETS - 100.0%		$	644,351,212




International Growth Stock Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 90.8%
Australia - 5.1%
BHP Billiton, Ltd.	136,486	$	4,670,550
Brambles, Ltd.	1,143,439		10,118,476
CSL, Ltd.	96,331		5,965,421
WorleyParsons, Ltd.	230,523		5,948,888

			26,703,335
Belgium - 2.0%
Anheuser-Busch InBev NV	103,494		10,257,527
Brazil - 1.9%
Banco Bradesco SA, ADR	587,232		9,994,690
Canada - 8.5%
Agrium, Inc.	54,130		5,278,454
Canadian National Railway Company	46,508		4,674,378


International Growth Stock Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Canada (continued)
Canadian Natural Resources, Ltd.	83,140	$	2,665,620
Cenovus Energy, Inc.	164,804		5,103,838
CGI Group, Inc., Class A (I)	248,133		6,744,059
Fairfax Financial Holdings, Ltd.	13,810		5,392,405
Potash Corp. of Saskatchewan, Inc.	141,489		5,557,327
Suncor Energy, Inc.	302,141		9,053,671

			44,469,752
China - 3.7%
Baidu, Inc., ADR (I)	99,846		8,756,494
CNOOC, Ltd.	2,410,000		4,612,952
Industrial & Commercial Bank of China, Ltd.,
H Shares	8,331,000		5,854,250

			19,223,696
Denmark - 0.9%
Novo Nordisk A/S, Class B	29,985		4,894,765
France - 4.6%
Eutelsat Communications	113,439		4,002,293
L’Oreal SA	16,582		2,631,067
Publicis Groupe SA	127,224		8,540,648
Schneider Electric SA	81,255		5,943,224
Sodexo	29,315		2,733,334

			23,850,566
Germany - 7.3%
Adidas AG	90,690		9,416,605
Allianz SE	28,333		3,849,799
Deutsche Boerse AG	65,720		3,980,032
Deutsche Post AG	164,598		3,798,440
Fresenius Medical Care AG &
Company KGaA	72,208		4,874,881
SAP AG	154,164		12,354,633

			38,274,390
Hong Kong - 3.0%
China Mobile, Ltd.	405,000		4,288,129
Galaxy Entertainment Group, Ltd. (I)	1,412,000		5,916,695
Hutchison Whampoa, Ltd.	532,000		5,569,667

			15,774,491
Ireland - 0.5%
Shire PLC	91,921		2,799,421
Israel - 1.8%
Teva Pharmaceutical Industries, Ltd., ADR	232,623		9,230,481
Japan - 4.9%
Denso Corp.	101,400		4,311,761
FANUC Corp.	37,500		5,769,232
Keyence Corp.	20,000		6,144,277
Komatsu, Ltd.	104,900		2,503,571
Toyota Motor Corp.	132,200		6,813,125

			25,541,966
Mexico - 2.7%
America Movil SAB de CV, Series L, ADR	155,399		3,257,163
Fomento Economico Mexicano SAB
de CV, ADR	35,688		4,050,588
Grupo Televisa SAB, ADR	262,668		6,989,595

			14,297,346
Netherlands - 2.3%
Royal Dutch Shell PLC, B Shares	166,008		5,524,132
Unilever NV	163,124		6,687,143

			12,211,275

187

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Growth Stock Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Russia - 0.4%
Gazprom OAO, (London Exchange), ADR	267,887	$	2,297,841
Singapore - 3.6%
Avago Technologies, Ltd.	201,144		7,225,092
Keppel Corp., Ltd.	748,200		6,769,554
United Overseas Bank, Ltd.	294,000		4,839,543

			18,834,189
South Korea - 2.8%
Hyundai Mobis	29,744		8,324,256
NHN Corp.	25,457		6,161,261

			14,485,517
Spain - 1.4%
Amadeus IT Holding SA, A Shares	262,225		7,098,667
Sweden - 4.8%
Investment AB Kinnevik, B Shares	152,628		3,701,661
Investor AB, B Shares	224,230		6,485,993
Swedbank AB, Class A	257,067		5,857,075
Telefonaktiebolaget LM Ericsson, B Shares	364,997		4,554,233
Volvo AB, Series B	305,210		4,447,220

			25,046,182
Switzerland - 10.0%
ABB, Ltd. (SIX Swiss Exchange) (I)	307,140		6,936,352
Informa PLC	594,657		4,771,664
Julius Baer Group, Ltd. (I)	141,575		5,515,126
Nestle SA	113,816		8,234,135
Novartis AG	84,194		5,995,576
Roche Holdings AG	42,978		10,034,208
Syngenta AG	19,843		8,293,994
UBS AG (I)	171,708		2,636,949

			52,418,004
Taiwan - 1.0%
Taiwan Semiconductor
Manufacturing Company, Ltd.	1,633,000		5,455,654
Turkey - 1.1%
Akbank TAS	1,064,710		5,589,513
United Kingdom - 16.5%
BG Group PLC	426,140		7,315,468
British American Tobacco PLC	192,939		10,330,466
British Sky Broadcasting Group PLC	420,214		5,640,061
Centrica PLC	826,953		4,627,661
Compass Group PLC	993,571		12,695,468
Imperial Tobacco Group PLC	255,397		8,942,228
Kingfisher PLC	1,234,183		5,409,600
Next PLC	82,696		5,495,897
Reed Elsevier PLC	1,169,997		13,928,821
Smith & Nephew PLC	388,821		4,498,196
WPP PLC	459,824		7,354,741

			86,238,607

TOTAL COMMON STOCKS (Cost $411,255,074)		$	474,987,875


PREFERRED SECURITIES - 1.0%
Germany - 1.0%
Volkswagen AG	27,195		5,405,845

TOTAL PREFERRED SECURITIES (Cost $4,441,036)		$	5,405,845


International Growth Stock Trust (continued)
		Shares or
		Principal
		Amount		Value


SHORT-TERM INVESTMENTS - 7.8%
Money Market Funds - 7.8%
State Street Institutional Liquid Reserves
Fund, 0.1355% (Y)	$	40,856,938		40,856,938

TOTAL SHORT-TERM INVESTMENTS (Cost $40,856,938)			$	40,856,938

Total Investments (International Growth Stock Trust)
(Cost $456,553,048) - 99.6%			$	521,250,658
Other assets and liabilities, net - 0.4%				1,896,193

TOTAL NET ASSETS - 100.0%			$	523,146,851




International Small Company Trust
		Shares or
		Principal
		Amount		Value


COMMON STOCKS - 98.8%
Australia - 5.9%
Aditya Birla Minerals, Ltd.		16,006	$	7,258
AED Oil, Ltd. (I)		17,758		2,681
AJ Lucas Group, Ltd. (I)		6,337		8,113
Alkane Resources, Ltd. (I)		4,753		2,875
Alliance Resources, Ltd. (I)		22,348		3,633
Amalgamated Holdings, Ltd.		8,898		75,548
APN News & Media, Ltd.		27,123		10,401
Aquila Resources, Ltd. (I)		9,515		19,654
Arafura Resources, Ltd. (I)		20,511		3,002
ARB Corp., Ltd.		6,954		91,670
Aristocrat Leisure, Ltd.		27,834		106,749
ASG Group, Ltd.		16,688		7,292
Ausdrill, Ltd.		38,430		116,486
Ausenco, Ltd.		7,289		29,412
Austal, Ltd. (I)		23,155		16,106
Austbrokers Holdings, Ltd.		4,308		44,151
Austin Engineering, Ltd.		7,179		43,577
Australian Agricultural Company, Ltd. (I)		12,266		16,500
Automotive Holdings Group		33,552		145,799
AWE, Ltd. (I)		36,008		48,755
Bandanna Energy, Ltd. (I)		1,544		275
Beach Energy, Ltd.		136,945		201,865
Beadell Resources, Ltd. (I)		37,445		35,558
Billabong International, Ltd. (I)		15,622		11,866
Blackmores, Ltd.		1,382		43,722
Bradken, Ltd. (L)		10,103		68,902
Brickworks, Ltd.		1,798		24,387
BT Investment Management, Ltd.		3,141		10,350
Cabcharge Australia, Ltd.		9,047		43,320
Cape Lambert Iron Ore, Ltd. (I)		61,857		11,967
Cardno, Ltd.		7,141		51,238
Carnarvon Petroleum, Ltd. (I)		56,316		2,823
Chandler Macleod, Ltd.		23,343		14,350
Citigold Corp., Ltd. (I)		12,839		736
Clough, Ltd.		20,047		27,584
Coal of Africa, Ltd. (I)		28,467		5,977
Coalspur Mines, Ltd. (I)		22,551		12,160
Cockatoo Coal, Ltd. (I)		84,085		5,863
Coffey International, Ltd. (I)		25,659		11,250
Compass Resources, Ltd. (I)		15,577		0
CSG, Ltd.		23,845		18,276
CSR, Ltd.		40,665		87,442
CuDECO, Ltd. (I)		8,580		30,473
Cue Energy Resources, Ltd. (I)		5,000		703
David Jones, Ltd.		23,785		74,281

188

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Australia (continued)
Deep Yellow, Ltd. (I)	57,118	$	2,855
Devine, Ltd.	8,467		8,033
Discovery Metals, Ltd. (I)	22,724		14,939
Downer EDI, Ltd.	791		4,102
DuluxGroup, Ltd.	21,139		98,110
DWS Advanced Business Solutions, Ltd.	12,684		19,933
Elders, Ltd. (I)	48,521		6,084
Emeco Holdings, Ltd.	61,822		40,584
Energy World Corp., Ltd. (I)	75,962		29,388
Envestra, Ltd.	85,048		93,529
Evolution Mining, Ltd. (I)	26,424		40,463
Fantastic Holdings, Ltd.	4,687		15,436
FKP Property Group	19,106		31,517
Fleetwood Corp., Ltd.	5,216		50,552
FlexiGroup, Ltd.	15,968		66,961
Flinders Mines, Ltd. (I)	102,814		6,420
Focus Minerals, Ltd. (I)	124,710		2,861
Gindalbie Metals, Ltd. (I)	51,157		11,256
Goodman Fielder, Ltd. (I)	209,597		155,411
Grange Resources Corp., Ltd.	101,992		23,035
Gryphon Minerals, Ltd. (I)	17,464		6,353
GUD Holdings, Ltd.	6,387		47,898
Gujarat NRE Coking Coal, Ltd. (I)	3,510		732
Gunns, Ltd. (I)	91,122		15,179
GWA International, Ltd.	18,833		49,679
Hastie Group, Ltd. (I)	2,492		415
Hillgrove Resources Ltd. (I)	71,641		7,344
Hills Industries, Ltd.	29,039		33,882
Horizon Oil, Ltd. (I)	90,132		38,972
iiNET, Ltd.	15,854		85,941
Imdex, Ltd.	15,820		20,250
IMF Australia, Ltd.	10,109		18,145
Independence Group NL	16,664		69,231
Indophil Resources NL (I)	145,281		48,518
Infigen Energy (I)	81,696		22,954
International Ferro Metals, Ltd. (I)	24,339		3,689
Intrepid Mines, Ltd. (I)	32,053		8,377
Invocare, Ltd.	7,061		81,002
IOOF Holdings, Ltd.	18,395		159,640
Iress, Ltd.	5,989		48,630
Ivanhoe Australia, Ltd. (I)	7,998		2,216
JB Hi-Fi, Ltd. (L)	5,227		80,608
Kagara, Ltd. (I)	48,216		6,024
Karoon Gas Australia, Ltd. (I)	6,513		34,854
Kingsgate Consolidated, Ltd.	8,151		33,148
Linc Energy, Ltd. (I)	22,798		53,787
M2 Telecommunications Group, Ltd.	14,009		71,859
Macmahon Holdings, Ltd.	112,440		27,069
Matrix Composites & Engineering, Ltd.	1,943		2,190
McPherson’s, Ltd.	7,978		18,763
Medusa Mining, Ltd.	7,559		33,969
Mermaid Marine Australia, Ltd.	14,850		58,398
Metals X, Ltd. (I)	140,431		22,017
Mincor Resources NL	19,890		15,107
Mineral Deposits, Ltd. (I)	4,722		18,521
Mirabela Nickel, Ltd. (I)	61,772		18,060
Molopo Energy, Ltd. (I)	5,287		1,624
Mount Gibson Iron, Ltd.	10,942		5,938
Myer Holdings, Ltd.	45,216		139,174
Nexus Energy, Ltd. (I)	112,125		18,659
NIB Holdings, Ltd.	43,000		101,921
Nido Petroleum, Ltd. (I)	140,525		3,942
Northern Star Resources, Ltd.	24,433		26,587


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Australia (continued)
NRW Holdings, Ltd.	18,377	$	31,636
Nufarm, Ltd.	14,896		61,365
Oakton, Ltd.	7,538		10,049
OceanaGold Corp. (I)	21,200		60,312
OrotonGroup, Ltd.	3,034		22,717
Otto Energy, Ltd. (I)	63,569		5,300
Pacific Brands, Ltd.	68,225		61,333
Pan Pacific Petroleum NL	39,039		4,276
Panoramic Resources, Ltd.	21,653		8,411
PaperlinX, Ltd. (I)	67,848		6,188
Peet, Ltd. (I)	9,595		12,489
Perilya, Ltd. (I)	61,419		16,032
Perpetual, Ltd.	2,322		97,802
Perseus Mining, Ltd. (I)	29,724		55,886
Pharmaxis, Ltd. (I)	25,383		8,768
PMP, Ltd.	32,750		7,720
Premier Investments, Ltd.	4,278		38,263
Prime Retirement & Aged
Care Property Trust (I)	14,396		0
Programmed Maintenance Services, Ltd.	12,923		34,615
Ramelius Resources, Ltd. (I)	2,953		1,064
REA Group, Ltd.	2,042		59,101
Reckon, Ltd.	11,034		27,606
Redflex Holdings, Ltd.	3,279		2,758
Resolute Mining, Ltd.	56,262		78,173
Resource Generation, Ltd. (I)	9,069		2,439
Retail Food Group, Ltd.	6,290		23,580
Ridley Corp., Ltd.	19,156		18,538
Roc Oil Company, Ltd. (I)	64,961		33,845
SAI Global, Ltd.	14,082		49,487
Sandfire Resources NL (I)	3,643		22,919
Saracen Mineral Holdings, Ltd. (I)	15,052		4,490
Sedgman, Ltd.	11,057		10,290
Senex Energy, Ltd. (I)	87,382		61,778
Servcorp, Ltd.	5,074		19,961
Sigma Pharmaceuticals, Ltd.	207,664		160,410
Silex Systems, Ltd. (I)	1,955		6,743
Silver Lake Resources, Ltd. (I)	29,625		65,216
Sirtex Medical, Ltd.	2,941		34,083
Skilled Group, Ltd.	4,165		15,471
SMS Management & Technology, Ltd.	3,796		20,111
Southern Cross Media Group, Ltd.	58,632		95,640
Specialty Fashion Group, Ltd.	12,034		14,938
St. Barbara, Ltd. (I)	33,049		41,473
Straits Metals, Ltd. (I)	26,265		1,096
STW Communications Group, Ltd.	25,254		38,557
Sundance Resources, Ltd. (I)	164,268		35,916
Super Cheap Auto Group, Ltd.	575		7,412
Technology One, Ltd.	17,402		32,061
Ten Network Holdings, Ltd. (I)	108,747		36,362
TFS Corp., Ltd. (I)	19,836		11,187
The Reject Shop, Ltd.	2,561		44,620
Tiger Resources, Ltd. (I)	50,647		17,194
Tox Free Solutions, Ltd.	8,380		29,110
Transfield Services, Ltd.	40,071		76,426
Transpacific Industries Group, Ltd. (I)	18,498		19,164
Troy Resources NL	6,603		14,917
UXC, Ltd.	17,598		22,619
Village Roadshow, Ltd.	23,279		118,589
Virgin Australia Holdings, Ltd. (I)	353,418		152,955
Virgin Australia International Holdings, Ltd. (I)	359,466		1,871
Watpac, Ltd. (I)	11,170		7,972
Webjet, Ltd.	11,954		59,235

189

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Australia (continued)
Western Areas NL (L)	8,357	$	29,792
White Energy Company, Ltd. (I)	9,845		1,756
Wide Bay Australia, Ltd.	607		3,434
Windimurra Vanadium, Ltd. (I)	3,292		0
Wotif.com Holdings, Ltd. (L)	6,934		35,731

			6,089,017
Austria - 1.1%
AMS AG	1,784		201,403
Austria Technologie & Systemtechnik AG	217		1,890
CA Immobilien Anlagen AG	722		9,516
CAT Oil AG	3,036		36,212
EVN AG	1,566		22,695
Flughafen Wien AG	1,080		64,388
Frauenthal Holdings AG	62		652
Intercell AG (I)	3,233		7,009
Kapsch Trafficcom AG	191		9,082
Lenzing AG	51		4,274
Mayr-Melnhof Karton AG	551		60,364
Oesterreichische Post AG	4,652		200,430
Palfinger AG	1,137		33,025
RHI AG	2,979		96,733
Rosenbauer International AG	174		11,712
S IMMO AG	1,298		7,802
S&T AG (I)	641		1,887
Schoeller-Bleckmann Oilfield Equipment AG	1,435		143,476
Semperit AG Holding	128		4,944
Wienerberger AG (L)	8,352		99,878
Zumtobel AG	5,975		68,985

			1,086,357
Bahamas - 0.0%
United International Enterprises	65		11,013
Belgium - 1.2%
Ackermans & Van Haaren NV	1,723		145,646
AGFA Gevaert NV (I)	43,110		59,389
Arseus NV	1,641		42,988
Banque Nationale de Belgique	9		31,711
Barco NV	780		68,277
Compagnie d’Entreprises CFE	687		40,129
Compagnie Maritime Belge SA	1,387		27,354
D’ieteren SA	3,844		175,794
Deceuninck Plastics NV (I)	7,720		13,368
Econocom Group	4,944		39,927
Elia System Operator SA	3,207		114,454
Euronav NV (I)	2,340		10,438
EVS Broadcast Equipment SA	811		52,110
Exmar NV	836		8,269
Galapagos NV (I)	2,443		59,767
Gimv NV	23		1,150
Kinepolis Group NV (I)	719		90,285
Melexis NV	1,922		35,968
Nyrstar	19,549		64,540
Sipef SA	356		28,840
Tessenderlo Chemie NV	1,615		37,971
ThromboGenics NV (I)	1,612		77,823
Van de Velde NV (I)	356		15,632

			1,241,830
Bermuda - 0.5%
Catlin Group, Ltd.	29,759		236,026
Frontline, Ltd. (I)(L)	3,470		7,732
Golden Ocean Group, Ltd. (I)	34,000		33,054


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Bermuda (continued)
Hiscox, Ltd. (I)	23,931	$	200,244

			477,056
Canada - 8.9%
5N Plus, Inc. (I)	3,515		7,405
Aastra Technologies, Ltd	2,000		39,671
Absolute Software Corp.	3,900		20,693
Advantage Oil & Gas, Ltd. (I)	19,100		70,695
Aecon Group, Inc.	5,300		68,034
AG Growth International, Inc.	1,100		35,842
AGF Management, Ltd., Class B	6,598		70,017
Akita Drilling, Ltd.	1,500		16,538
Alamos Gold, Inc.	2,700		37,077
Alexco Resource Corp. (I)	4,800		15,829
Algonquin Power & Utilities Corp.	9,200		67,380
Alliance Grain Traders, Inc.	1,218		15,563
Alterra Power Corp. (I)	15,708		4,794
Altius Minerals Corp. (I)	3,100		36,589
Anderson Energy, Ltd. (I)	8,700		1,584
Angle Energy, Inc. (I)	5,300		16,121
Antrim Energy, Inc. (I)	15,500		2,594
Asanko Gold, Inc. (I)	6,600		21,115
Astral Media, Inc.	4,349		209,947
Atrium Innovations, Inc. (I)	2,400		28,469
ATS Automation Tooling Systems, Inc. (I)	8,247		80,371
Augusta Resource Corp. (I)	8,429		21,656
Aura Minerals, Inc. (I)	10,300		3,447
Aurizon Mines, Ltd. (I)	14,000		61,328
Avalon Rare Metals, Inc. (I)	5,100		5,522
B2Gold Corp. (I)	28,406		86,405
Bankers Petroleum, Ltd. (I)	23,800		62,555
Bellatrix Exploration, Ltd. (I)	6,720		43,263
Birch Mountain Resources, Ltd. (I)	9,200		5
Birchcliff Energy, Ltd. (I)	9,700		81,832
Black Diamond Group, Ltd. (L)	2,750		56,984
BlackPearl Resources, Inc. (I)	24,200		55,506
BMTC Group, Inc., Class A (I)	500		6,704
Bonterra Energy Corp.	1,500		72,870
Boralex, Inc. (I)	2,500		26,210
Brigus Gold Corp. (I)	14,000		11,852
Burcon Nutrascience Corp. (I)	2,500		7,506
Calfrac Well Services, Ltd.	2,151		57,785
Calvalley Petroleums, Inc. (I)	6,909		14,283
Canaccord Financial, Inc. (Toronto Exchange)	6,371		42,772
Canada Bread Company, Ltd.	1,260		62,017
Canadian Energy Services & Technology Corp.	2,031		24,791
Canam Group, Inc. (I)	4,200		35,102
Canexus Corp.	300		2,631
Canfor Pulp Products, Inc.	2,715		29,292
Cangene Corp. (I)	100		285
Canyon Services Group, Inc.	4,068		44,530
Capital Power Corp.	3,719		77,613
Capstone Infrastructure Corp.	4,454		18,634
Capstone Mining Corp. (I)	23,967		53,320
Cardero Resource Corp. (I)	7,100		2,062
Carpathian Gold, Inc. (I)	24,200		6,670
Cascades, Inc.	6,800		30,123
CCL Industries, Inc.	3,600		212,275
Celestica, Inc. (I)	17,900		144,490
Centerra Gold, Inc.	9,842		58,615
Cequence Energy, Ltd. (I)	2,335		4,068
China Gold
International Resources Corp., Ltd. (I)	12,500		47,251
Chinook Energy, Inc. (I)	3,544		4,012

190

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Canada (continued)
Churchill Corp.	1,600	$	11,844
Cineplex, Inc.	2,000		67,884
Clarke, Inc.	2,800		12,955
Claude Resources, Inc. (I)	10,900		5,043
Cline Mining Corp. (I)	9,200		770
CML Healthcare, Inc.	7,000		50,027
Cogeco Cable, Inc.	1,000		44,908
Cogeco, Inc.	345		14,383
Colabor Group, Inc.	649		4,766
COM DEV International, Ltd. (I)	8,800		34,564
Computer Modelling Group, Ltd.	1,060		22,007
Connacher Oil and Gas, Ltd. (I)	52,700		8,041
Contrans Group, Inc., Class A	2,800		33,296
Copper Mountain Mining Corp. (I)	8,800		23,563
Corridor Resources, Inc. (I)	4,930		3,300
Corus Entertainment, Inc.	4		103
Cott Corp.	8,900		89,889
Crew Energy, Inc. (I)	11,300		79,757
Davis & Henderson Corp.	4,533		97,456
Deethree Exploration, Ltd. (I)	200		1,297
Delphi Energy Corp. (I)	20,245		24,114
Denison Mines Corp. (I)	33,028		45,193
DirectCash Payments, Inc.	500		12,389
Dominion Diamond Corp. (I)	7,361		120,286
Dorel Industries, Inc., Class B	3,200		128,995
Duluth Metals, Ltd. (I)	8,700		16,615
Dundee Precious Metals, Inc. (I)	11,000		85,544
Eastern Platinum, Ltd. (I)	140,500		20,055
Eastmain Resources, Inc. (I)	7,100		4,543
Easyhome, Ltd.	1,446		14,462
Eco Oro Minerals Corp. (I)	4,600		4,347
Enbridge Income Fund Holdings, Inc.	1,765		44,062
Endeavour Silver Corp. (I)	5,307		33,069
Enerflex, Ltd.	4,700		64,403
Energy Fuels, Inc. (I)	36,529		5,574
Enghouse Systems, Ltd.	600		11,807
Entree Gold, Inc. (I)	7,400		2,695
Equitable Group, Inc.	400		14,971
Essential Energy Services, Ltd.	3,768		8,234
Evertz Technologies, Ltd.	1,712		26,493
Excellon Resources, Inc. (I)	2,000		906
Exco Technologies, Ltd.	2,900		17,842
Exeter Resource Corp. (I)	230		276
Extendicare, Inc.	1,246		9,935
Firm Capital Mortgage Investment Corp.	1,100		14,748
First National Financial Corp.	700		11,852
FirstService Corp. (I)	2,400		80,020
Forsys Metals Corp. (I)	400		260
Fortress Paper, Ltd. (I)	900		7,353
Fortuna Silver Mines, Inc. (I)	6,199		26,728
Fortune Minerals, Ltd. (I)	2,450		1,109
Gamehost, Inc.	100		1,285
Genivar, Inc.	1,373		31,884
Glacier Media, Inc.	6,100		11,409
Glentel, Inc.	1,400		27,081
Gluskin Sheff & Associates, Inc.	1,300		23,227
GMP Capital, Inc.	3,026		19,541
Gran Tierra Energy, Inc. (I)	19,353		112,973
Great Canadian Gaming Corp. (I)	3,900		35,973
Great Panther Silver, Ltd. (I)	14,100		18,599
Guyana Goldfields, Inc. (I)	6,600		18,322
Hanfeng Evergreen, Inc. (I)	200		372
Heroux-Devtek, Inc.	1,600		12,679


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Canada (continued)
Horizon North Logistics, Inc.	5,748	$	32,309
HudBay Minerals, Inc.	11,202		107,736
IBI Group, Inc.	900		4,890
IMAX Corp. (I)	2,613		69,836
Imperial Metals Corp. (I)	4,600		67,697
Innergex Renewable Energy, Inc.	5,656		53,673
Insignia Energy, Ltd. (I)	2,410		1,708
International Forest Products, Ltd. (I)	2,050		21,008
International Tower Hill Mines, Ltd. (I)	2,300		3,509
Intertape Polymer Group, Inc.	4,500		48,905
Ivanhoe Energy, Inc. (I)	25,500		16,818
Just Energy Group, Inc. (L)	11,140		73,144
K-Bro Linen, Inc.	600		19,432
KAB Distribution, Inc. (I)	7,076		1
Katanga Mining, Ltd. (I)	87,256		62,703
Kelt Exploration, Ltd. (I)	95		619
Killam Properties, Inc.	3,456		40,825
Kingsway Financial Services, Inc. (I)	2,025		8,213
Kirkland Lake Gold, Inc. (I)	4,664		24,701
Lake Shore Gold Corp. (I)(L)	24,100		14,472
Laurentian Bank of Canada	2,814		121,773
Le Chateau, Inc. (I)	1,700		5,037
Legacy Oil & Gas, Inc. (I)	12,446		66,772
Leisureworld Senior Care Corp.	1,555		19,609
Leon’s Furniture, Ltd.	5,526		66,909
Linamar Corp.	4,251		101,353
Long Run Exploration, Ltd. (I)	6,886		30,707
Major Drilling Group International	6,900		61,471
Maple Leaf Foods, Inc.	8,000		108,205
Martinrea International, Inc. (I)	8,593		69,194
Maxim Power Corp. (I)	4,800		14,648
Mega Uranium, Ltd. (I)	24,000		3,308
Mercator Minerals, Ltd. (I)	19,100		6,863
Migao Corp. (L)	3,000		3,426
Minera Andes Acquisition Corp. (I)	12,375		35,206
Mood Media Corp. (I)	6,130		6,215
Morneau Shepell, Inc.	3,098		39,859
Mullen Group, Ltd.	3,000		66,122
Nautilus Minerals, Inc. (I)	24,663		6,191
Nevsun Resources, Ltd.	758		2,925
Newalta, Inc.	5,900		84,796
Norbord, Inc. (I)	940		31,998
Nordion, Inc.	12,578		83,453
North American Palladium, Ltd. (I)	7,400		10,563
Northland Power, Inc. (L)	3,678		66,981
NuVista Energy, Ltd. (I)	9,573		61,254
Paladin Labs, Inc. (I)	700		32,511
Parex Resources, Inc. (I)	6,263		28,545
Parkland Fuel Corp.	2,300		38,716
Pason Systems, Inc. (L)	6,600		115,127
Perpetual Energy, Inc. (I)	1,456		1,620
PetroBakken Energy, Ltd. (L)	1,678		14,586
Petrobank Energy & Resources, Ltd. (I)	1,519		1,047
Petrominerales, Ltd. (L)	3,400		20,684
PHX Energy Services Corp.	700		6,436
Pilot Gold, Inc. (I)	3,109		5,142
Pine Cliff Energy, Ltd. (I)	36		31
Platinum Group Metals, Ltd. (I)	5,000		7,038
Polymet Mining Corp. (I)(L)	7,903		9,491
Poseidon Concepts Corp.	3,270		869
Premium Brands Holdings Corp.	1,400		26,171
Primero Mining Corp. (I)	369		2,463
Pulse Seismic, Inc.	5,782		17,815

191

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Canada (continued)
QLT, Inc. (I)	100	$	886
Questerre Energy Corp. (I)	37,200		34,422
Reitmans Canada, Ltd.	154		1,522
Reitmans Canada, Ltd., Class A (L)	7,000		71,182
Resverlogix Corp. (I)(L)	1,700		4,585
Richelieu Hardware, Ltd.	1,400		54,024
Richmont Mines, Inc. (I)	2,000		5,473
RMP Energy, Inc. (I)	4,700		18,877
Rogers Sugar, Inc.	4,174		25,722
RONA, Inc.	10,343		113,831
RS Technologies, Inc. (I)	152		5
Rubicon Minerals Corp. (I)	15,700		38,174
Russel Metals, Inc. (L)	7,189		204,237
Sabina Gold & Silver Corp. (I)	2,375		4,419
San Gold Corp. (I)	15,200		4,339
Sandvine Corp. (I)	11,600		22,952
Santonia Energy, Inc. (I)	8,600		12,445
Savanna Energy Services Corp. (L)	5,222		35,213
Scorpio Mining Corp. (I)	8,900		6,133
Secure Energy Services, Inc. (I)	3,037		36,533
SEMAFO, Inc.	13,893		34,738
Sherritt International Corp. (L)	23,100		114,607
Shore Gold, Inc. (I)	22,600		4,449
Sierra Wireless, Inc. (I)	3,200		34,052
Silver Standard Resources, Inc. (I)	6,000		63,316
Softchoice Corp.	500		8,239
Southern Pacific Resource Corp. (I)	14,216		11,195
SouthGobi Energy Resources, Ltd. (I)	4,900		9,647
Sprott Resource Corp.	9,300		41,746
Sprott Resource Lending Corp.	9,200		12,679
Sprott, Inc.	5,300		18,261
Stantec, Inc.	4,700		207,321
Stella-Jones, Inc.	100		7,464
Student Transportation of America, Ltd. (L)	5,290		33,901
SunOpta, Inc. (I)	6,708		48,468
Superior Plus Corp. (L)	8,000		93,715
Taseko Mines, Ltd. (I)	25,500		71,039
Teranga Gold Corp., ADR (I)	12,432		13,936
The Cash Store Financial Services, Inc.	2,451		6,225
The Descartes Systems Group, Inc. (I)	6,000		56,229
The North West Company, Inc.	2,983		68,096
Theratechnologies, Inc. (I)	3,586		988
Timminco, Ltd. (I)	8,700		6
Timmins Gold Corp. (I)	6,378		18,459
TLC Vision Corp. (I)	3,400		17
TORC Oil & Gas, Ltd. (I)	8,900		17,172
Toromont Industries, Ltd.	5,100		117,026
Torstar Corp.	6,800		50,070
Total Energy Services, Inc.	8,400		117,419
Transcontinental, Inc., Class A (L)	5,983		74,268
TransForce, Inc.	7,918		170,699
TransGlobe Energy Corp. (I)	5,600		47,960
Transition Therapeutics, Inc. (I)	2,700		5,316
Trican Well Service, Ltd.	7,500		110,006
Trinidad Drilling, Ltd. (L)	11,797		85,471
Twin Butte Energy, Ltd.	8,287		20,068
Uni-Select, Inc.	1,500		29,148
Valener, Inc.	690		10,936
Vecima Networks, Inc.	2,779		12,994
Virginia Mines, Inc. (I)	600		5,836
Vitran Corp., Inc. (I)	600		3,621
Wajax Corp.	1,300		48,860
Wesdome Gold Mines, Ltd. (I)	8,000		4,725


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Canada (continued)
Whitecap Resources, Inc.	5,306	$	50,508
Wi-LAN, Inc.	9,800		39,746
Winpak, Ltd.	200		3,800
Xtreme Drilling and Coil Services Corp. (I)	3,452		7,102
Zargon Oil & Gas, Ltd.	1,173		8,510
ZCL Composites, Inc.	3,500		18,088

			9,129,117
Cayman Islands - 0.0%
Endeavour Mining Corp. (I)	19,325		28,535
China - 0.1%
Bund Center Investment, Ltd.	152,000		28,235
Sound Global, Ltd.	51,000		22,671
SunVic Chemical Holdings, Ltd. (I)	26,000		8,515

			59,421
Cyprus - 0.0%
Deep Sea Supply PLC (I)	11,000		18,678
Songa Offshore SE (I)	14,000		13,722

			32,400
Denmark - 1.0%
ALK-Abello A/S	491		35,492
Alm Brand A/S (I)	5,370		18,642
Amagerbanken A/S (I)	25,580		0
Ambu A/S	7		243
Auriga Industries (I)	1,693		37,469
Bang & Olufsen A/S (I)	3,937		35,269
Bavarian Nordic A/S (I)	1,856		22,008
D/S Norden A/S	2,246		72,606
DFDS A/S	33		1,946
East Asiatic Company, Ltd. A/S (I)	1,511		26,096
Genmab A/S (I)	3,300		76,726
IC Companys A/S	807		18,633
Jyske Bank A/S (I)	1,785		61,147
Lan & Spar Bank A/S	225		10,831
NKT Holding A/S	2,489		92,457
Ringkjoebing Landbobank A/S	386		57,566
Rockwool International A/S	36		4,402
Royal Unibrew A/S	750		66,783
Schouw & Company A/S	1,959		67,830
SimCorp A/S	537		144,088
Solar Holdings A/S	603		30,170
Spar Nord Bank A/S (I)	9,884		53,940
Sydbank A/S (I)	5,133		105,092
Vestjysk Bank A/S (I)	155		211

			1,039,647
Finland - 2.4%
Ahlstrom OYJ	63		977
Alma Media OYJ	4,110		19,500
Amer Sports OYJ (L)	21,685		358,529
Atria PLC	1,021		8,725
Cargotec Corp. OYJ	5,393		166,041
Citycon OYJ	2,081		5,955
Cramo OYJ	2,993		37,163
Elektrobit Corp.	2,752		2,818
F-Secure OYJ	7,159		15,623
Finnair OYJ	3,281		10,750
Finnlines OYJ (I)	4,379		39,910
Fiskars Corp.	3,512		78,871
HKScan OYJ	316		1,525
Huhtamaki OYJ	5,884		115,798
Ilkka-Yhtyma OYJ	1,535		7,437

192

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Finland (continued)
Kemira OYJ (L)	8,272	$	114,829
Konecranes OYJ (L)	4,353		144,211
Lannen Tehtaat OYJ	696		13,870
Metsa Board OYJ	44,242		130,837
Olvi OYJ	1,172		32,016
Oriola-KD OYJ	4,895		15,456
Outotec OYJ (L)	13,940		204,978
PKC Group OYJ	1,196		27,763
Poyry OYJ (I)	2,864		15,908
Raisio OYJ (L)	8,267		32,005
Ramirent OYJ (L)	4,765		45,206
Rapala VMC OYJ	2,298		13,938
Rautaruukki OYJ	6,695		42,558
Ruukki Group OYJ (I)	8,977		5,062
Scanfil PLC	3,574		3,994
Sievi Capital PLC	3,574		4,765
Stockmann OYJ ABP, Series B	3,940		61,829
Tieto OYJ (L)	4,223		89,446
Tikkurila OYJ	2,068		43,532
Uponor OYJ	4,437		60,356
Vacon PLC	758		51,120
Vaisala OYJ	206		5,201
YIT OYJ	19,536		407,391

			2,435,893
France - 3.6%
ABC Arbitrage	1,757		10,773
Air France KLM (I)	10,115		95,604
Alten SA	1,900		75,262
Altran Technologies SA (I)	15,565		108,116
April Group SA	1,212		19,023
Assystem SA	1,693		35,383
Beneteau SA (I)	4,024		40,861
Boiron SA	699		36,222
Bonduelle SCA	812		20,527
Bongrain SA	189		12,419
Bourbon SA	4,600		127,334
Boursorama (I)	743		5,859
Bull SA (I)	11,076		43,345
Cegedim SA (I)	385		12,372
Club Mediterranee SA (I)	1,557		26,936
Compagnie Plastic Omnium SA	1,499		69,420
Derichebourg SA (I)	8,547		33,882
Electricite de Strasbourg SA	81		9,678
Esso SAF	197		13,297
Etablissements Maurel et Prom SA	12,266		214,451
Euro Disney SCA (I)	1,445		8,800
Faiveley Transport	97		6,142
Faurecia	333		5,300
Financiere Marc de Lacharriere SA (I)	961		50,252
GameLoft SA (I)	3,348		21,892
GFI Informatique SA	7,671		33,437
GL Events SA	213		4,628
Groupe Steria SA	2,929		39,602
Guerbet SA	129		19,039
Haulotte Group SA (I)	962		8,457
Havas SA	28,316		179,372
Ingenico SA	983		58,279
Ipsen SA	822		29,417
IPSOS	2,752		96,419
Jacquet Metal Service	2,200		25,949
Korian	170		3,720
Lafuma SA (I)	323		6,213
Laurent-Perrier SA	215		16,869


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
France (continued)
Lectra SA	2,262	$	15,486
LISI SA	69		6,700
Manitou BF SA	1,105		15,803
Manutan International	162		6,621
Maurel & Prom Nigeria (I)	9,551		39,262
Medica SA	1,755		32,019
Mersen	1,792		41,681
Metropole Television SA	6,834		106,261
Naturex	209		16,055
Neopost SA	3,041		182,356
Nexans SA	2,042		93,922
Nexity SA	3,567		122,965
NicOx SA (I)	4,623		16,339
Norbert Dentressangle SA	449		34,041
NRJ Group	2,727		20,254
Orpea SA	2,102		87,543
PagesJaunes Groupe (I)(L)	3,728		8,046
Parrot SA (I)	1,095		33,831
Pierre & Vacances SA	453		8,187
Rallye SA	2,815		103,387
Recylex SA (I)	3,196		13,186
Robertet SA (I)	135		23,726
Rubis SA	2,064		125,787
Saft Groupe SA	2,392		61,657
Seche Environnement SA	361		12,816
Sechilienne-Sidec SA	1,808		32,075
Sequana SA (I)	1,025		8,201
Societe d’Edition de Canal Plus	4,707		32,743
Societe Internationale de
Plantations d’Heveas SA	50		4,164
Societe Television Francaise 1	6,695		75,174
SOITEC (I)(L)	8,812		33,045
Somfy SA	280		60,860
Sopra Group SA	155		11,471
Spir Communication SA (I)	492		8,270
STEF	956		49,023
Synergie SA	80		815
Technicolor SA (I)	5,354		21,849
Teleperformance SA	5,894		251,269
Theolia SA (I)	4,793		9,045
Transgene SA (I)	767		8,158
Trigano SA (I)	1,753		21,058
UBISOFT Entertainment SA (I)	6,111		66,161
Vetoquinol SA	56		1,838
Viel & Compagnie SA	5,712		17,074
Vilmorin & Compagnie SA	749		90,166
Virbac SA	384		88,474
VM Materiaux SA	263		5,431

			3,748,846
Germany - 4.6%
Aareal Bank AG (I)	4,192		88,845
ADVA Optical Networking SE (I)	6,343		29,350
Air Berlin PLC (I)	4,881		14,782
Asian Bamboo AG (L)	1,159		6,238
Aurubis AG	5,323		338,350
Balda AG	4,452		26,214
Bauer AG	162		4,136
BayWa AG	921		43,422
Bechtle AG	1,216		56,478
Bertrandt AG	193		22,527
Carl Zeiss Meditec AG	321		10,150
Cewe Color Holding AG	385		16,290
Comdirect Bank AG	2,391		25,101

193

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Germany (continued)
CompuGroup Medical AG	448	$	9,858
CTS Eventim AG	1,134		38,472
Delticom AG	491		22,559
Deutsche Beteiligungs AG	423		10,199
Deutsche Wohnen AG	8,915		162,143
Deutz AG (I)	5,916		31,115
Dialog Semiconductor PLC (I)	4,253		56,467
Drillisch AG	6,350		116,032
Duerr AG	1,696		185,208
DVB Bank AG	6,310		199,785
ElringKlinger AG	3,656		110,790
Evotec AG (I)(L)	16,036		46,352
Freenet AG (L)	15,169		368,662
Gerresheimer AG	2,768		159,047
Gerry Weber International AG	2,637		115,198
Gesco AG	295		28,586
GFK AG	324		16,358
Gildemeister AG	684		14,378
Grenkeleasing AG	129		9,174
Hamburger Hafen und Logistik AG	2,218		48,423
Heidelberger Druckmaschinen AG (I)	21,081		48,586
Indus Holding AG	1,623		50,157
IVG Immobilien AG (I)	12,392		10,391
Jenoptik AG	3,285		33,920
Kloeckner & Company SE (I)	9,276		131,442
Kontron AG	5,420		29,466
Krones AG	1,806		128,176
KUKA AG (I)	2,152		93,898
KWS Saat AG	206		73,459
Leoni AG	2,827		109,574
Manz AG (I)	233		7,095
Medigene AG (I)	3,040		3,429
MLP AG	4,269		28,490
Muehlbauer Holding AG & Company KGaA	156		4,496
MVV Energie AG	884		25,638
Nordex AG (I)	2,657		16,522
Norma Group	198		6,250
Pfeiffer Vacuum Technology AG	173		19,089
Plambeck Neue Energien AG	6,235		21,128
Praktiker AG (I)	12,292		17,891
QSC AG	6,549		21,938
Rheinmetall AG	2,295		106,248
Rhoen-Klinikum AG	5,385		114,352
Salzgitter AG	688		27,622
Sedo Holding AG (I)	1,636		4,463
Singulus Technologies AG (I)(L)	10,192		16,725
Sixt AG	2,356		46,274
Solarworld AG (L)	11,677		12,830
Stada Arzneimittel AG	7,746		317,096
Suss Microtec AG (I)	2,259		25,830
TAG Immobilien AG	365		4,179
TUI AG (I)	9,525		102,254
Vossloh AG	766		76,634
VTG AG	1,231		21,055
Wacker Neuson SE	2,763		40,011
Wincor Nixdorf AG	4,031		200,276
Wire Card AG	8,458		233,520
Xing AG	361		19,087

			4,680,180
Gibraltar - 0.2%
888 Holdings PLC	12,231		31,320


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Gibraltar (continued)
Bwin.Party Digital Entertainment PLC	74,167	$	162,745

			194,065
Greece - 0.7%
Aegean Airlines SA (I)	1,678		5,365
Alapis Holding Industrial and Commercial SA
of Pharmaceutical (I)	3,303		174
Alpha Bank AE (I)	7,465		6,793
Athens Water Supply and Sewage Company SA	2,538		16,266
Autohellas SA	2,895		6,234
Bank of Greece SA	1,882		29,718
Diagnostic & Therapeutic Center of
Athens Hygeia SA (I)	12,314		6,250
Ellaktor SA (I)	11,183		22,218
Folli Follie Group (I)	2,116		35,976
Fourlis Holdings SA (I)	6,312		14,320
Frigoglass SA (I)	6,060		33,790
GEK Terna Holding Real
Estate Construction SA (I)	5,812		11,920
Hellenic Exchanges SA Holding Clearing
Settlement and Registry	7,482		37,690
Hellenic Petroleum SA	5,896		56,621
Intralot SA-Integrated Lottery Systems
& Services	2,796		6,559
JUMBO SA	1,195		8,516
Loulis Mills SA (I)	3,541		11,336
Marfin Investment Group SA (I)	72,043		24,840
Metka SA	3,097		40,372
Motor Oil Hellas Corinth Refineries SA	6,346		61,658
Mytilineos Holdings SA (I)	8,264		43,643
National Bank of Greece SA (I)	4,003		3,402
Piraeus Bank SA (I)	83,629		20,902
Piraeus Port Authority SA	710		15,803
Public Power Corp. SA (I)	5,553		39,575
Sarantis SA (I)	3,860		21,771
Sidenor Steel Products
Manufacturing Company SA (I)	3,429		5,406
Terna Energy SA	4,347		14,157
Titan Cement Company SA (I)	5,693		94,834
TT Hellenic Postbank SA (I)	12,594		2,712
Viohalco Hellenic Copper and
Aluminum Industry SA (I)	7,173		30,309

			729,130
Guernsey, Channel Islands - 0.0%
Tethys Petroleum, Ltd. (I)	5,500		4,169
Hong Kong - 2.5%
Allied Group, Ltd.	26,000		86,415
Allied Properties HK, Ltd.	358,000		57,822
Apac Resources, Ltd. (I)	500,000		10,328
Asia Satellite Telecom Holdings Company, Ltd.	2,500		9,162
Associated International Hotels, Ltd.	44,000		124,985
Bonjour Holdings, Ltd.	208,000		33,279
Brightoil Petroleum Holdings Ltd (I)	26,000		4,929
Brockman Mining, Ltd. (I)	740,840		44,904
Cafe de Coral Holdings, Ltd.	8,000		24,665
Champion Technology Holdings, Ltd.	540,520		8,357
Chen Hsong Holdings, Ltd.	10,000		3,513
Cheuk Nang Holdings, Ltd.	3,114		2,376
China Billion Resources Ltd. (I)	97,920		1,097
China Energy Development Holdings, Ltd. (I)	634,000		9,598
China Metal International Holdings, Inc.	12,000		2,674
China Public Procurement, Ltd. (I)	232,000		0
China Renji Medical Group, Ltd. (I)	1,332,000		10,296

194

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Hong Kong (continued)
China Resources and
Transportation Group, Ltd. (I)	400,000	$	15,464
China Solar Energy Holdings, Ltd. (I)	425,000		1,317
China WindPower Group, Ltd.	440,000		16,738
China Yunnan Tin Minerals
Group Company, Ltd. (I)	17,100		683
Chong Hing Bank, Ltd.	11,000		27,105
Chow Sang Sang
Holdings International, Ltd. (I)	12,000		35,302
Chuang’s Consortium International, Ltd. (I)	30,948		4,162
Citic Telecom International Holdings, Ltd.	112,000		41,799
CK Life Sciences International Holdings, Inc.	42,000		3,633
CP Lotus Corp. (I)	220,000		6,666
Cross-Harbour Holdings, Ltd.	18,000		15,215
CSI Properties, Ltd	245,066		11,399
CST Mining Group, Ltd. (I)	2,210,240		33,109
Culture Landmark Investment, Ltd. (I)	39,200		3,126
Dah Sing Financial Holdings, Ltd.	4,000		20,949
Dickson Concepts International, Ltd.	35,000		19,884
EganaGoldpfeil Holdings, Ltd. (I)	103,373		0
Emperor Entertainment Hotel, Ltd.	80,000		25,087
Emperor International Holdings, Ltd.	177,333		48,336
Esprit Holdings, Ltd. (I)	4,550		5,477
eSun Holdings, Ltd. (I)	74,000		12,270
EVA Precision Industrial Holdings, Ltd.	152,000		23,159
Far East Consortium International, Ltd.	144,224		48,179
Fortune Oil PLC	242,039		29,274
G-Resources Group, Ltd. (I)	1,182,000		61,805
Get Nice Holdings, Ltd.	394,000		18,031
Giordano International, Ltd.	60,000		59,795
Glorious Sun Enterprises, Ltd.	64,000		18,490
Goldin Properties Holdings, Ltd. (I)	47,000		27,557
Haitong International Securities Group, Ltd.	22,399		9,189
Hang Fung Gold Technology, Ltd. (I)	90,000		0
Harbour Centre Development, Ltd.	46,000		92,916
HKR International, Ltd.	75,200		40,600
Hong Kong Ferry Holdings Company	29,000		31,855
Hongkong Chinese, Ltd.	4,000		758
Hung Hing Printing Group, Ltd.	82,000		13,770
Hutchison Telecommunications Hong
Kong Holdings, Ltd.	26,000		12,873
Imagi International Holdings, Ltd. (I)	106,250		1,246
IT, Ltd.	80,601		32,868
K Wah International Holdings, Ltd.	161,338		90,681
King Stone Energy Group, Ltd. (I)	61,000		3,434
Kowloon Development Company, Ltd.	7,000		9,415
Lai Sun Development (I)	230,000		7,390
Lippo China Resources, Ltd.	36,000		1,023
Liu Chong Hing Investment	16,000		24,124
Melco International Development, Ltd.	9,000		15,652
Midland Holdings, Ltd.	48,000		21,281
Mongolia Energy Company, Ltd. (I)	122,000		4,870
Natural Beauty Bio-Technology, Ltd.	20,000		1,779
Neo-Neon Holdings, Ltd. (I)	39,500		8,915
New Times Energy Corp., Ltd. (I)	26,300		2,653
NewOcean Energy Holdings, Ltd.	34,000		19,369
Norstar Founders Group, Ltd. (I)	244,000		0
Pacific Andes International Holdings, Ltd.	218,671		10,733
Pacific Basin Shipping, Ltd.	105,000		62,545
Pacific Textile Holdings, Ltd.	77,000		83,010
Paliburg Holdings, Ltd.	46,000		15,444
Peace Mark Holdings, Ltd. (I)	164,000		0
Pearl Oriental Oil, Ltd. (I)	186,000		15,096


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Hong Kong (continued)
Pico Far East Holdings, Ltd.	100,000	$	36,036
Playmates Holdings, Ltd.	31,800		28,727
PNG Resources Holdings, Ltd. (I)	888,000		31,014
Polytec Asset Holdings, Ltd.	150,000		20,141
PYI Corp., Ltd.	372,000		9,039
Regal Hotels International Holdings, Ltd.	56,000		27,019
SA SA International Holdings, Ltd.	50,000		48,254
SEA Holdings, Ltd.	4,000		2,588
Shun Tak Holdings, Ltd.	120,250		64,635
Sing Tao News Corp., Ltd.	108,000		16,148
Singamas Container Holdings, Ltd.	158,000		41,244
Sino-Tech International Holdings, Ltd. (I)	440,000		2,041
SmarTone
Telecommunications Holdings, Ltd. (I)	19,000		31,337
SOCAM Development, Ltd.	16,674		20,505
Solomon Systech International, Ltd. (I)	254,000		6,908
South China (China), Ltd. (I)	256,000		25,068
Sun Hung Kai & Company, Ltd.	25,000		16,921
TAI Cheung Holdings, Ltd.	59,000		47,128
Texwinca Holdings, Ltd.	28,000		29,594
Titan Petrochemicals Group, Ltd. (I)	500,000		15,845
Transport International Holdings, Ltd.	19,200		43,108
Trinity, Ltd.	30,000		15,404
Upbest Group, Ltd.	148,000		18,685
Victory City International Holdings, Ltd.	105,827		13,940
Vitasoy International Holdings, Ltd.	102,000		115,203
VST Holdings Company, Ltd.	96,000		25,035
Wai Kee Holdings, Ltd.	68,000		18,018
Wing Tai Properties, Ltd.	102,000		72,060
YGM Trading, Ltd.	11,000		31,788
Yugang International, Ltd. (I)	312,000		2,294

			2,577,627
Ireland - 1.6%
Aer Lingus Group PLC	15,850		28,218
Beazley PLC	57,792		183,615
C&C Group PLC	31,161		202,711
DCC PLC	6,369		224,139
FBD Holdings PLC	1,839		28,939
Glanbia PLC (Dublin Exchange)	11,290		134,053
Grafton Group PLC	18,960		124,315
Greencore Group PLC	24,808		39,876
Henderson Group PLC	72,524		176,536
IFG Group PLC	8,615		15,680
Independent News & Media PLC (I)	11,035		539
Irish Continental Group PLC	289		7,356
Kingspan Group PLC	10,256		126,470
Smurfit Kappa Group PLC	10,583		175,068
UBM PLC	12,014		128,676
United Drug PLC	20,187		83,214

			1,679,405
Isle of Man - 0.0%
Hansard Global PLC	6,816		10,398
Israel - 0.6%
Africa Israel Investments, Ltd. (I)	4,764		12,062
Ceragon Networks, Ltd. (I)	220		960
Clal Biotechnology Industries, Ltd. (I)	3,326		7,737
Clal Industries & Investments, Ltd.	6,262		24,437
Clal Insurance Enterprise Holdings, Ltd.	2,775		46,050
Delek Automotive Systems, Ltd.	2,309		21,933
Electra Israel, Ltd.	37		4,043
First International Bank of Israel, Ltd. (I)	3,533		50,637
Frutarom Industries, Ltd.	2,382		32,069

195

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Israel (continued)
Gilat Satellite Networks, Ltd. (I)	900	$	5,129
Given Imaging, Ltd. (I)	792		12,709
Hadera Paper, Ltd. (I)	244		13,557
Harel Insurance Investments &
Financial Services, Ltd.	685		35,473
Israel Discount Bank, Ltd. (I)	638		1,093
Ituran Location & Control, Ltd.	1,195		18,775
Jerusalem Oil Exploration (I)	308		6,943
Kamada, Ltd. (I)	929		9,595
Matrix IT, Ltd.	173		795
Melisron, Ltd.	35		743
Menorah Mivtachim Holdings, Ltd. (I)	1,766		18,985
Migdal Insurance Holdings, Ltd.	11,510		18,762
Oil Refineries, Ltd. (I)	10,550		5,559
Ormat Industries, Ltd. (I)	7,009		42,025
Osem Investments, Ltd.	513		9,817
Partner Communications Company, Ltd.	25		154
Paz Oil Company, Ltd. (I)	378		58,994
Rami Levi Chain Stores Hashikma
Marketing 2006, Ltd.	711		28,852
Shikun & Binui, Ltd.	11,140		23,357
Shufersal, Ltd.	9,143		28,254
Strauss Group, Ltd.	2,935		41,289
The Phoenix Holdings, Ltd.	2,821		8,622

			589,410
Italy - 2.7%
ACEA SpA	8,580		45,462
Aedes SpA (I)	75,645		4,364
Aeroporto di Venezia Marco Polo SpA	841		10,607
Amplifon SpA	9,264		48,493
Ansaldo STS SpA	8,748		87,803
Arnoldo Mondadori Editore SpA (I)	12,613		15,126
Astaldi SpA	4,499		31,089
Autogrill SpA	4,059		48,078
Azimut Holding SpA	15,042		244,207
Banca Generali SpA	1,570		29,889
Banca Piccolo Credito Valtellinese Scarl	22,689		25,050
Banca Popolare dell’Emilia Romagna Scrl	9,364		66,287
Banca Popolare dell’Etruria e del Lazio SpA (I)	7,405		3,539
Banca Popolare di Milano Scarl (I)	205,710		126,277
Banca Popolare di Sondrio SCARL	10,227		53,512
Biesse SpA (I)	3,189		9,827
Brembo SpA	2,573		41,380
Buzzi Unicem SpA	4,611		70,984
Caltagirone SpA	2,494		4,143
Cementir SpA	9,230		26,186
CIR-Compagnie Industriali Riunite SpA	58,400		58,398
Credito Emiliano SpA	9,474		48,585
Danieli & C Officine Meccaniche SpA	2,311		58,553
De’ Longhi SpA	149		2,349
DeA Capital SpA (I)	4,665		8,037
DiaSorin SpA (L)	2,304		80,658
Ei Towers SpA (I)	1,655		50,703
Engineering Ingegneria Informatica SpA	449		17,334
ERG SpA	6,865		62,602
Esprinet SpA	3,554		16,293
Eurotech SpA (I)	1,562		2,441
Falck Renewables SpA	20,060		21,826
Finmeccanica SpA (I)	14,821		71,613
Fondiaria-SAI SpA (I)	11,892		19,790
Gemina SpA (I)	54,600		91,806
Geox SpA	8,390		23,438
Gruppo Editoriale L’Espresso SpA	35,685		32,702


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Italy (continued)
Hera SpA	58,891	$	103,962
IMMSI SpA	24,591		14,832
Impregilo SpA	21,459		110,166
Indesit Company SpA	2,066		16,286
Interpump SpA	6,839		53,592
Iren SpA	34,401		25,723
Italcementi SpA	5,020		29,299
Italmobiliare SpA (I)	827		15,467
Juventus Football Club SpA (I)	23,150		6,360
KME Group SpA (I)	27,631		10,633
Landi Renzo SpA (I)	3,939		6,780
Maire Tecnimont SpA (I)	12,753		6,074
MARR SpA	2,608		28,641
Mediaset SpA	14,664		30,008
Milano Assicurazioni SpA (I)	24,455		13,021
Piaggio & C SpA	17,916		46,027
Prelios SpA (I)	44,428		4,417
Premafin Finanziaria SpA (I)	12,050		2,841
Recordati SpA	11,787		106,848
Safilo Group SpA (I)	1,868		25,412
Saras SpA (I)	17,735		21,561
Societa Iniziative Autostradali e Servizi SpA	5,263		49,363
Societa’ Cattolica di Assicurazioni SCRL (I)	4,776		82,670
Sogefi SpA	3,551		10,084
SOL SpA	2,802		16,514
Sorin SpA (I)	28,116		72,346
Telecom Italia Media SpA (I)	73,686		9,260
Trevi Finanziaria SpA	4,195		28,852
Unipol Gruppo Finanziario SpA (I)	12,240		33,206
Vittoria Assicurazioni SpA	2,112		17,064
Yoox SpA (I)	3,137		58,854
Zignago Vetro SpA	1,669		10,334

			2,725,928
Japan - 23.4%
Accordia Golf Company, Ltd.	79		76,876
Achilles Corp.	18,000		27,243
ADEKA Corp.	8,700		75,127
Advan Company, Ltd.	1,800		20,073
Aeon Delight Company, Ltd.	2,100		46,443
Ahresty Corp.	2,300		12,101
AI Holdings Corp.	3,400		31,366
Aica Kogyo Company, Ltd.	5,200		95,510
Aichi Bank, Ltd.	900		53,524
Aichi Corp.	3,200		15,164
Aichi Steel Corp.	10,000		40,476
Aida Engineering, Ltd.	7,500		60,860
Aiphone Company, Ltd.	1,300		22,162
Airport Facilities Company, Ltd.	2,900		20,236
Aisan Industry Company, Ltd.	2,500		24,103
Akita Bank, Ltd.	15,000		42,381
Alpen Company, Ltd.	1,700		32,014
Alpha Systems, Inc.	840		12,055
Alpine Electronics, Inc.	3,300		31,685
Amano Corp.	6,100		58,281
Amiyaki Tei Company., Ltd.	5		10,811
Ando Corp.	3,000		3,697
AOC Holdings, Inc.	4,400		16,945
AOKI Holdings, Inc.	2,000		51,603
Aomori Bank, Ltd.	23,000		71,605
Aoyama Trading Company, Ltd.	5,100		130,536
Arakawa Chemical Industries, Ltd.	1,900		16,928
Arc Land Sakamoto Company, Ltd.	1,200		21,163
Arcs Company, Ltd.	3,125		70,072

196

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Japan (continued)
Ariake Japan Company, Ltd.	1,900	$	38,984
Arisawa Manufacturing Company, Ltd. (I)	3,300		10,869
Arnest One Corp.	3,000		59,499
As One Corp.	1,400		32,176
Asahi Company, Ltd.	1,500		20,737
Asahi Diamond Industrial Company, Ltd.	5,000		48,708
Asahi Holdings, Inc.	1,800		38,797
Asahi Organic Chemicals
Industry Company, Ltd.	6,000		13,363
ASATSU-DK, Inc.	2,300		64,399
ASKA Pharmaceutical Company, Ltd.	3,000		23,027
ASKUL Corp.	2,100		30,576
Atom Corp.	1,100		6,624
Atsugi Company, Ltd.	19,000		22,690
Avex Group Holdings, Inc.	3,400		91,924
Bando Chemical Industries, Ltd.	8,000		25,468
Bank of Iwate, Ltd.	1,400		57,508
Bank of Nagoya, Ltd.	17,000		78,397
Bank of Okinawa, Ltd.	2,100		89,904
Bank of Saga, Ltd.	15,000		38,954
Bank of the Ryukyus, Ltd.	4,800		70,996
Belc Company, Ltd.	1,400		21,577
BIC Camera, Inc. (L)	33		15,524
BML, Inc.	1,200		32,383
Bookoff Corp.	1,400		10,434
Bunka Shutter Company, Ltd.	5,000		25,804
CAC Corp.	1,500		13,544
Can Do Company, Ltd.	16		26,670
Canon Electronics, Inc.	1,700		33,812
Cawachi, Ltd.	2,000		42,782
Central Glass Company, Ltd.	19,000		66,098
Chi Group Company, Ltd. (I)	2,700		7,041
Chino Corp.	2,000		4,730
Chiyoda Company, Ltd.	2,600		67,678
Chiyoda Integre Company, Ltd.	1,400		15,892
Chofu Seisakusho Company, Ltd.	2,100		47,865
Chori Company, Ltd.	1,700		19,724
Chubu Shiryo Company, Ltd.	2,000		12,322
Chudenko Corp.	2,600		26,171
Chuetsu Pulp & Paper Company, Ltd.	10,000		15,755
Chugai Mining Company, Ltd. (I)	34,900		12,301
Chugai Ro Company, Ltd.	5,000		13,248
Chugoku Marine Paints, Ltd.	6,000		32,036
Chukyo Bank, Ltd.	9,000		19,876
Chuo Denki Kogyo Company, Ltd.	2,200		8,417
CKD Corp.	5,400		34,916
Clarion Company, Ltd. (I)	5,000		6,522
Cleanup Corp.	2,100		14,377
CMK Corp. (I)	5,400		17,260
Coca-Cola Central Japan Company, Ltd.	1,400		18,475
Cocokara Fine Holdings, Inc.	1,540		56,289
Corona Corp.	1,600		18,605
Cosel Company, Ltd.	1,200		13,801
Cybozu, Inc.	40		10,906
Dai Nippon Toryo Company, Ltd.	12,000		24,202
Dai-Dan Company, Ltd.	2,000		10,715
Daibiru Corp.	5,200		61,473
Daido Metal Company, Ltd.	4,000		32,620
Daidoh, Ltd.	2,000		14,540
Daifuku Company, Ltd.	6,500		53,079
Daihen Corp.	8,000		23,632
Daiichi Jitsugyo Company, Ltd.	4,000		21,324
Daiichi Kigenso Kagaku-Kogyo Company, Ltd.	400		5,773


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Japan (continued)
Daiken Corp.	9,000	$	24,945
Daikoku Denki Company, Ltd.	800		21,793
Daikyo, Inc.	19,000		66,813
Dainichiseika Color & Chemicals
Manufacturing Company, Ltd.	7,000		33,248
Daio Paper Corp.	7,000		45,301
Daisan Bank, Ltd.	17,000		33,153
Daiseki Company, Ltd.	2,900		49,256
Daishi Bank, Ltd.	27,000		111,306
Daiso Company, Ltd.	7,000		21,799
Daisyo Corp.	1,300		16,727
Daiwa Industries, Ltd.	4,000		23,598
Daiwabo Holdings Company, Ltd.	17,000		31,354
DCM Holdings Company, Ltd.	7,700		64,356
Denki Kogyo Company, Ltd.	7,000		33,114
Denyo Company, Ltd.	1,700		22,229
Descente, Ltd.	4,000		26,926
Doshisha Company, Ltd.	2,400		36,116
Doutor Nichires Holdings Company, Ltd.	2,900		42,555
Dr. Ci:Labo Company, Ltd. (L)	15		45,866
DTS Corp.	1,700		28,059
Dunlop Sports Company, Ltd.	1,300		14,644
Duskin Company, Ltd.	6,000		121,218
Dydo Drinco, Inc.	1,200		57,371
Eagle Industry Company, Ltd.	2,000		19,459
EDION Corp.	6,100		28,833
Ehime Bank, Ltd.	18,000		47,422
Eighteenth Bank, Ltd.	20,000		55,234
Eiken Chemical Company, Ltd.	1,400		19,887
Eizo Nanao Corp.	1,500		26,535
Elematec Corp.	700		9,950
EPS Company, Ltd.	28		41,708
Espec Corp.	1,600		12,104
F&A Aqua Holdings, Inc.	2,400		34,210
Fancl Corp.	2,600		28,694
FCC Company, Ltd.	2,800		67,882
Felissimo Corp.	800		9,347
Foster Electric Company, Ltd.	2,100		28,878
France Bed Holdings Company, Ltd.	11,000		25,073
Fuji Company, Ltd.	2,100		40,356
Fuji Corp., Ltd.	100		629
Fuji Electronics Company, Ltd.	1,600		20,336
Fuji Kyuko Company, Ltd.	4,000		31,944
Fuji Oil Company, Ltd.	5,800		89,553
Fuji Seal International, Inc.	1,700		43,103
Fuji Soft, Inc.	1,800		43,643
Fujibo Holdings, Inc.	7,000		20,953
Fujicco Company, Ltd.	2,000		23,924
Fujikura Kasei Company, Ltd.	2,000		8,369
Fujimori Kogyo Company, Ltd.	1,600		39,540
Fujita Kanko, Inc.	1,000		4,726
Fujitec Company, Ltd.	5,000		50,126
Fujitsu General, Ltd.	6,000		50,792
Fujiya Company, Ltd.	6,000		12,910
Fukui Bank, Ltd.	23,000		51,996
Fukushima Bank, Ltd.	21,000		18,643
Funai Consulting Company, Ltd.	3,300		24,008
Funai Electric Company, Ltd. (I)	2,600		32,124
Furukawa Company, Ltd.	27,000		30,868
Furukawa-Sky Aluminum Corp.	9,000		27,447
Fuso Pharmaceutical Industries, Ltd.	5,000		22,528
Futaba Corp.	2,900		30,992
Futaba Industrial Company, Ltd. (I)	3,400		15,750

197

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Japan (continued)
Future System Consulting Corp.	2	$	928
Fuyo General Lease Company, Ltd.	1,700		64,870
Gakken Company, Ltd.	4,000		11,677
Geo Corp.	39		49,565
GLOBERIDE, Inc.	10,000		13,526
GMO Internet, Inc.	3,800		36,119
Godo Steel, Ltd.	16,000		28,877
Goldcrest Company, Ltd.	2,190		54,673
Goldwin, Inc.	5,000		30,302
Gulliver International Company, Ltd.	550		32,271
Gun-Ei Chemical Industry Company, Ltd.	4,000		9,417
Gunze, Ltd.	13,000		33,743
Hakuto Company, Ltd.	1,300		12,691
Hamakyorex Company, Ltd.	500		20,437
Hanwa Company, Ltd.	14,000		49,977
Harashin Narus Holdings Company, Ltd.	1,300		24,107
Harima Chemicals, Inc.	2,000		10,001
Heiwa Real Estate Company, Ltd.	3,500		69,629
Heiwado Company, Ltd.	2,000		30,954
Hibiya Engineering, Ltd.	2,400		24,858
Hiday Hidaka Corp.	1,320		29,437
Higashi-Nippon Bank, Ltd.	17,000		45,631
Hioki Ee Corp.	500		7,567
HIS Company, Ltd.	1,800		78,106
Hisaka Works, Ltd.	2,000		19,071
Hitachi Cable, Ltd. (I)(L)	13,000		20,789
Hitachi Koki Company, Ltd.	5,700		47,042
Hitachi Kokusai Electric, Inc.	3,000		26,599
Hitachi Medical Corp.	2,000		32,029
Hitachi Zosen Corp.	47,000		78,751
Hochiki Corp.	3,000		14,757
Hodogaya Chemical Company, Ltd.	7,000		15,756
Hogy Medical Company, Ltd.	1,200		64,938
Hokkaido Gas Company, Ltd.	3,000		8,041
Hokkan Holdings, Ltd.	5,000		15,789
Hokuetsu Bank, Ltd.	21,000		51,665
Hokuetsu Paper Mills, Ltd.	9,500		45,581
Hokuto Corp.	1,600		30,367
Honeys Company, Ltd.	1,350		17,578
Horiba, Ltd.	2,500		79,030
Hosiden Corp.	6,500		38,318
Hosokawa Micron Corp.	3,000		26,054
Hyakujushi Bank, Ltd.	21,000		88,224
IBJ Leasing Company, Ltd.	1,900		58,822
Ichikoh Industries, Ltd. (I)	4,000		6,031
Ichiyoshi Securities Company, Ltd.	3,000		33,155
ICOM, Inc.	1,000		25,460
IDEC Corp.	2,500		22,395
Ihara Chemical Industry Company, Ltd.	5,000		30,537
Iino Kaiun Kaisha, Ltd.	5,200		39,238
Ikegami Tsushinki Company, Ltd. (I)	4,000		3,288
Imasen Electric Industrial (L)	1,700		20,604
Imperial Hotel, Ltd.	400		15,249
Inaba Denki Sangyo Company, Ltd.	1,600		48,366
Inaba Seisakusho Company, Ltd.	200		2,654
Inabata & Company, Ltd.	5,100		38,003
Inageya Company, Ltd.	4,400		47,069
Ines Corp.	2,700		20,556
Intage, Inc.	800		20,245
Internet Initiative Japan, Inc.	2,400		81,078
Inui Steamship Company, Ltd. (I)	2,500		11,494
Iseki & Company, Ltd.	12,000		42,731
Ishihara Sangyo Kaisha, Ltd. (I)	32,000		27,707


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Japan (continued)
IT Holdings Corp.	6,500	$	85,304
ITC Networks Corp.	3,200		27,420
Itochu Enex Company, Ltd.	5,900		33,608
Itochu-Shokuhin Company, Ltd.	600		24,468
Itoham Foods, Inc.	12,000		59,834
Iwatani International Corp.	11,000		52,509
Izumiya Company, Ltd.	9,000		47,429
J-Oil Mills, Inc.	9,000		28,743
Jalux, Inc.	1,300		12,763
Japan Aviation Electronics Industry, Ltd.	4,000		30,526
Japan Cash Machine Company, Ltd.	1,600		17,730
Japan Digital Laboratory Company, Ltd.	2,200		27,591
Japan Pulp & Paper Company, Ltd.	6,000		19,163
Japan Pure Chemical Company, Ltd.	1		2,418
Japan Transcity Corp., Ltd.	5,000		20,112
Japan Wool Textile Company, Ltd.	8,000		61,994
Jastec Company, Ltd.	400		2,838
JBCC Holdings, Inc.	1,900		18,134
JMS Company, Ltd.	1,000		3,804
Joshin Denki Company, Ltd.	3,000		28,556
JSP Corp.	2,600		38,640
JVC Kenwood Corp.	9,070		24,468
Kadokawa Holdings, Inc. (L)	2,000		53,478
Kaga Electronics Company, Ltd.	2,700		23,006
Kameda Seika Company, Ltd.	1,800		48,724
Kamei Corp.	2,000		22,318
Kanamoto Company, Ltd.	3,000		65,155
Kandenko Company, Ltd.	7,000		32,292
Kanematsu Corp. (I)	40,000		53,731
Kanematsu Electronics, Ltd.	1,300		16,177
Kanto Natural Gas Development, Ltd.	3,000		21,694
Kappa Create Company, Ltd. (I)	400		8,096
Kasumi Company, Ltd.	4,200		26,172
Katakura Industries Company, Ltd.	2,100		25,859
Kato Sangyo Company, Ltd.	2,700		56,514
Kawai Musical Instruments
Manufacturing Company, Ltd.	6,000		11,060
Keiyo Company, Ltd. (L)	3,600		18,316
KEY Coffee, Inc.	600		9,836
Kimoto Company, Ltd.	1,500		12,670
Kimura Chemical Plants Company, Ltd.	1,600		6,078
Kinki Sharyo Company, Ltd.	3,000		9,755
Kintetsu World Express, Inc.	1,300		48,344
Kinugawa Rubber Industrial Company, Ltd.	6,000		30,583
Kisoji Company, Ltd.	1,600		32,508
Kissei Pharmaceutical Company, Ltd.	3,000		63,640
Kita-Nippon Bank, Ltd.	700		18,560
Kitz Corp.	10,000		52,201
Kiyo Holdings, Inc.	53,000		85,349
Koa Corp.	3,300		31,620
Koatsu Gas Kogyo Company, Ltd.	3,000		16,992
Kohnan Shoji Company, Ltd. (L)	2,800		36,041
Kohsoku Corp.	1,700		15,826
Kojima Company, Ltd.	3,000		11,090
Kokuyo Company, Ltd.	8,300		63,822
Komatsu Seiren Company, Ltd.	2,000		9,062
Komatsu Wall Industry Company, Ltd.	1,000		20,956
Komori Corp.	6,300		66,477
Konishi Company, Ltd.	1,700		30,278
Kourakuen Corp.	300		3,949
KRS Corp.	900		9,189
Kumagai Gumi Company, Ltd. (I)	17,000		18,143
Kumiai Chemical Industry Company, Ltd.	4,000		24,155

198

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Japan (continued)
Kura Corp.	800	$	14,791
Kurabo Industries, Ltd.	22,000		41,249
Kureha Corp.	14,000		49,823
Kurimoto, Ltd.	10,000		32,838
Kuroda Electric Company, Ltd.	3,100		37,071
Kyodo Printing Company, Ltd.	8,000		24,298
Kyodo Shiryo Company, Ltd.	8,000		10,062
Kyoei Steel, Ltd.	1,100		19,707
Kyokuto Securities Company, Ltd.	1,600		26,437
Kyokuyo Company, Ltd.	1,000		2,299
Kyoritsu Maintenance Company, Ltd.	1,200		35,196
Kyosan Electric Manufacturing Company, Ltd.	6,000		20,873
Kyowa Exeo Corp.	6,700		72,007
Kyudenko Corp.	4,000		18,066
LEC, Inc.	700		9,535
Life Corp.	2,700		39,317
Macnica, Inc.	1,300		26,498
Maeda Corp.	10,000		40,551
Maezawa Kasei Industries Company, Ltd.	1,100		11,576
Maezawa Kyuso Industries Company, Ltd.	1,500		19,927
Makino Milling Machine Company, Ltd.	8,000		49,865
Mandom Corp.	1,400		49,784
Mars Engineering Corp.	700		14,889
Marubun Corp.	2,600		12,182
Marudai Food Company, Ltd.	12,000		40,881
Maruetsu, Inc.	6,000		22,340
Maruha Nichiro Holdings, Inc.	27,385		52,521
Marusan Securities Company, Ltd.	7,800		59,692
Maruwa Company, Ltd.	900		25,139
Maruzen Showa Unyu Company, Ltd.	6,000		22,133
Matsuda Sangyo Company, Ltd.	1,400		21,460
Matsuya Company, Ltd. (I)	2,300		38,606
Matsuya Foods Company, Ltd.	700		12,287
Max Company, Ltd.	5,000		61,989
Maxvalu Tokai Company, Ltd.	900		12,491
Megane TOP Company, Ltd.	3,600		50,086
Megmilk Snow Brand Company, Ltd.	4,600		72,922
Meidensha Corp.	17,000		51,389
Meiji Shipping Company, Ltd.	2,900		15,314
Meiko Network Japan Company, Ltd.	3,000		41,660
Meitec Corp.	3,100		78,433
Meito Sangyo Company, Ltd.	900		9,550
Melco Holdings, Inc.	1,200		21,007
Michinoku Bank, Ltd.	14,000		35,120
Mikuni Coca-Cola Bottling Company, Ltd.	3,300		33,712
Milbon Company, Ltd.	880		31,068
Mimasu Semiconductor Industry Company, Ltd.	1,400		13,557
Minato Bank, Ltd.	16,000		29,540
Ministop Company, Ltd.	1,800		29,206
Mirait Holdings Corp.	5,440		55,723
Misawa Homes Company, Ltd.	3,600		56,439
Mitsuba Corp.	4,000		43,195
Mitsubishi Kakoki Kaisha, Ltd. (I)	7,000		15,173
Mitsubishi Paper Mills, Ltd.	37,000		36,691
Mitsubishi Pencil Company, Ltd.	2,400		44,053
Mitsubishi Steel Manufacturing Company, Ltd.	10,000		21,386
Mitsuboshi Belting Company, Ltd.	6,000		31,956
Mitsui High-Tec, Inc.	2,200		16,619
Mitsui Home Company, Ltd.	3,000		15,930
Mitsui Knowledge Industry Company, Ltd.	90		15,451
Mitsui Matsushima Company, Ltd.	10,000		19,576
Mitsui Sugar Company, Ltd.	8,000		25,280
Mitsui-Soko Company, Ltd.	9,000		55,904


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Japan (continued)
Mitsuuroko Holdings Company, Ltd.	3,200	$	17,439
Miura Company, Ltd.	2,600		67,265
Miyazaki Bank, Ltd.	14,000		41,443
Miyoshi Oil & Fat Company, Ltd.	9,000		15,352
Mizuno Corp.	7,000		31,791
Modec, Inc.	500		15,118
Monex Group, Inc.	78		31,635
Mori Seiki Company, Ltd.	7,900		96,615
Morinaga & Company, Ltd.	14,000		30,839
Morinaga Milk Industry Company, Ltd.	14,000		43,197
Morita Corp.	3,000		27,036
MOS Food Services, Inc.	1,800		38,235
Moshi Moshi Hotline, Inc.	4,400		62,718
Mr. Max Corp.	3,200		11,585
Musashi Seimitsu Industry Company, Ltd.	1,800		40,899
Musashino Bank, Ltd.	3,800		150,224
Nachi-Fujikoshi Corp.	11,000		47,379
Nagaileben Company, Ltd.	1,800		27,471
Nagano Bank, Ltd.	8,000		15,688
Nagatanien Company, Ltd.	2,000		18,958
Nakamuraya Company, Ltd.	3,000		13,885
Nakayama Steel Works, Ltd. (I)	11,000		8,687
NEC Fielding, Ltd.	1,200		15,341
NEC Leasing, Ltd.	800		19,667
NEC Mobiling, Ltd.	700		46,324
NEC Networks & System Integration Corp.	2,700		52,945
NET One Systems Company, Ltd.	6,400		56,390
Neturen Company, Ltd.	3,800		28,089
Nice Holdings, Inc.	6,000		16,360
Nichias Corp.	7,000		42,119
Nichicon Corp.	4,600		39,456
Nichiden Corp.	700		17,779
Nichiha Corp.	2,400		35,818
Nichii Gakkan Company, Ltd.	3,200		27,883
Nichireki Company, Ltd.	3,000		20,362
Nidec Copal Corp.	1,200		8,237
Nifco, Inc.	2,700		61,646
Nihon Chouzai Company, Ltd.	180		4,430
Nihon Dempa Kogyo Company, Ltd.	1,800		18,502
Nihon Kagaku Sangyo Company, Ltd.	1,000		6,536
Nihon M&A Center, Inc.	800		35,289
Nihon Nohyaku Company, Ltd.	4,000		27,232
Nihon Parkerizing Company, Ltd.	4,000		69,946
Nihon Shokuhin Kako Company, Ltd.	2,000		8,076
Nihon Yamamura Glass Company, Ltd.	10,000		19,509
Nikkiso Company, Ltd.	6,000		71,561
Nippo Corp.	2,000		24,711
Nippon Beet Sugar
Manufacturing Company, Ltd.	15,000		29,550
Nippon Carbon Company, Ltd.	12,000		28,158
Nippon Ceramic Company, Ltd.	2,100		36,910
Nippon Chemi-Con Corp. (I)	11,000		29,659
Nippon Chemical Industrial Company, Ltd. (I)	7,000		8,822
Nippon Coke & Engineering Company, Ltd.	18,000		23,927
Nippon Denko Company, Ltd.	4,000		13,254
Nippon Densetsu Kogyo Company, Ltd.	5,000		52,915
Nippon Fine Chemical Company, Ltd.	1,800		12,264
Nippon Flour Mills Company, Ltd.	13,000		59,296
Nippon Formula Feed
Manufacturing Company, Ltd.	8,000		10,426
Nippon Gas Company, Ltd.	3,000		36,503
Nippon Kanzai Company, Ltd.	700		11,129
Nippon Koei Company, Ltd.	8,000		32,624

199

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Japan (continued)
Nippon Konpo Unyu Soko Company, Ltd.	6,000	$	95,483
Nippon Koshuha Steel Company, Ltd. (I)	8,000		7,859
Nippon Light Metal Holdings Co Ltd.	43,000		49,172
Nippon Road Company, Ltd.	7,000		30,587
Nippon Seiki Company, Ltd.	4,000		54,674
Nippon Sharyo, Ltd.	8,000		36,150
Nippon Shinyaku Company, Ltd.	4,000		57,091
Nippon Signal Company, Ltd.	2,700		21,211
Nippon Soda Company, Ltd.	16,000		75,529
Nippon Suisan Kaisha, Ltd.	15,600		30,267
Nippon Synthetic Chemical
Industry Company, Ltd.	3,000		25,539
Nippon Thompson Company, Ltd.	8,000		41,046
Nippon Valqua Industries, Ltd.	8,000		20,703
Nippon Yakin Kogyo Company, Ltd. (I)	11,000		14,572
Nipro Corp.	6,800		61,045
Nishimatsu Construction Company, Ltd.	29,000		49,291
Nishimatsuya Chain Company, Ltd.	5,100		41,380
Nissen Holdings Company, Ltd.	3,100		12,216
Nisshin Fudosan Company, Ltd.	2,900		22,474
Nisshin Oillio Group, Ltd.	13,000		47,744
Nisshin Steel Holdings Co Ltd.	560		4,435
Nissin Corp.	8,000		23,017
Nissin Electric Company, Ltd.	2,000		9,491
Nissin Kogyo Company, Ltd.	2,100		35,023
Nissui Pharmaceutical Company, Ltd.	1,600		17,923
Nitta Corp.	2,300		43,918
Nittan Valve Company, Ltd.	1,200		4,355
Nittetsu Mining Company, Ltd.	6,000		30,772
Nitto Boseki Company, Ltd. (I)	13,000		49,753
Nitto Kogyo Corp.	3,400		50,477
Nitto Kohki Company, Ltd.	1,000		19,210
Noevir Holdings Company, Ltd.	1,600		27,319
NOF Corp.	16,000		79,124
Nohmi Bosai, Ltd.	2,000		15,887
Noritake Company, Ltd.	12,000		29,705
Noritsu Koki Company, Ltd.	1,900		8,876
Noritz Corp.	900		17,895
NS Solutions Corp.	1,500		28,912
NS United Shinwa Kaiun Kaisha, Ltd. (I)	8,000		14,045
NSD Company, Ltd.	3,100		35,137
Obara Group, Inc.	1,400		26,758
OBIC Business Consultants, Ltd.	650		36,458
Oenon Holdings, Inc.	6,000		15,728
Ogaki Kyoritsu Bank, Ltd.	27,000		100,336
Oiles Corp.	2,400		45,606
Oita Bank, Ltd.	12,000		45,902
Okabe Company, Ltd.	5,700		53,251
Okamoto Industries, Inc.	7,000		23,912
Okamura Corp.	7,000		50,393
Okinawa Electric Power Company, Inc.	1,300		44,908
OKK Corp.	10,000		16,346
OKUMA Corp.	4,000		29,680
Okumura Corp.	12,000		48,368
Okura Industrial Company, Ltd.	4,000		19,326
Okuwa Company, Ltd.	3,000		34,062
Onoken Company, Ltd.	1,500		14,069
Onward Holdings Company, Ltd.	11,000		98,849
Optex Company, Ltd.	1,200		15,680
Organo Corp.	3,000		16,767
Origin Electric Company, Ltd.	3,000		11,950
Osaka Steel Company, Ltd.	1,400		24,155
Osaki Electric Company, Ltd.	3,000		15,780


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Japan (continued)
Oyo Corp.	2,700	$	45,812
Pacific Industrial Company, Ltd.	5,000		30,076
Pal Company, Ltd.	1,100		30,851
PanaHome Corp.	7,000		50,132
Panasonic Information Systems	1,000		23,708
Parco Company, Ltd.	800		8,433
Paris Miki, Inc.	1,100		5,973
Pasona Group, Inc.	22		11,167
Penta-Ocean Construction Company, Ltd. (L)	14,500		37,325
Pigeon Corp.	1,000		70,248
Pilot Corp.	16		42,615
Piolax, Inc.	1,300		35,479
Plenus Company, Ltd.	2,400		38,816
Point, Inc.	910		45,013
Press Kogyo Company, Ltd.	7,000		36,283
Prima Meat Packers, Ltd.	16,000		38,888
Pronexus, Inc.	2,900		21,459
Rasa Industries, Ltd. (I)	4,000		5,632
Resorttrust, Inc.	2,100		59,739
Rhythm Watch Company, Ltd.	12,000		21,093
Ricoh Leasing Company, Ltd.	2,100		58,479
Riken Corp.	9,000		37,885
Riken Keiki Company, Ltd.	1,300		9,154
Riken Technos Corp.	3,000		8,260
Riken Vitamin Company, Ltd.	1,200		29,609
Ringer Hut Company, Ltd.	800		10,101
Riso Kyoiku Company, Ltd.	361		35,819
Rock Field Company, Ltd.	1,000		21,166
Roland Corp.	2,500		21,538
Roland D.G. Corp.	1,400		20,422
Round One Corp.	3,800		28,091
Royal Holdings Company, Ltd.	2,700		39,390
Ryobi, Ltd.	9,000		22,390
Ryoden Trading Company, Ltd.	4,000		26,138
Ryosan Company, Ltd.	3,600		70,149
Ryoyo Electro Corp.	2,600		23,712
S Foods, Inc.	500		4,813
Saibu Gas Company, Ltd.	19,000		44,477
Saizeriya Company, Ltd.	3,000		41,559
Sakai Chemical Industry Company, Ltd.	9,000		28,695
Sakata INX Corp.	6,000		38,790
Sakata Seed Corp.	2,900		38,274
Sala Corp.	1,500		8,210
San-A Company, Ltd.	700		32,000
San-Ai Oil Company, Ltd.	5,000		25,199
Sangetsu Company, Ltd.	3,400		91,066
Sanken Electric Company, Ltd.	12,000		48,510
Sanki Engineering Company, Ltd.	6,000		32,371
Sanko Marketing Foods Company, Ltd.	2		2,199
Sankyo Seiko Company, Ltd.	3,200		11,376
Sankyo Tateyama, Inc. (I)	2,200		45,634
Sankyu, Inc.	8,000		36,250
Sanoh Industrial Company, Ltd.	2,600		17,993
Sanshin Electronics Company, Ltd.	2,600		17,528
Sanwa Shutter Corp.	22,000		114,152
Sanyo Chemical Industries, Ltd.	8,000		44,003
Sanyo Denki Company, Ltd.	5,000		36,341
Sanyo Shokai, Ltd.	11,000		34,907
Sanyo Special Steel Company, Ltd.	10,000		35,675
Sasebo Heavy Industries Company, Ltd. (I)	9,000		11,310
Sato Corp.	1,700		30,731
Satori Electric Company, Ltd.	2,000		10,863
Seika Corp.	7,000		18,748

200

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Japan (continued)
Seikagaku Corp.	3,300	$	35,768
Seiren Company, Ltd.	5,200		33,506
Sekisui Jushi Corp.	3,000		39,387
Sekisui Plastics Company, Ltd.	5,000		13,345
Senko Company, Ltd.	9,000		47,002
Senshukai Company, Ltd.	4,400		36,017
Shibusawa Warehouse Company, Ltd.	5,000		30,983
Shibuya Kogyo Company, Ltd.	800		7,475
Shikibo, Ltd.	11,000		14,078
Shikoku Bank, Ltd.	15,000		47,727
Shikoku Chemicals Corp.	3,000		19,554
Shima Seiki Manufacturing, Ltd.	2,300		52,080
Shimachu Company, Ltd.	3,800		91,468
Shimizu Bank, Ltd.	900		27,019
Shin Nippon Air Technologies Company, Ltd.	2,800		16,932
Shin-Etsu Polymer Company, Ltd.	3,000		11,728
Shinagawa Refractories Company, Ltd.	6,000		13,176
Shindengen Electric
Manufacturing Company, Ltd.	5,000		20,181
Shinkawa, Ltd.	1,500		7,602
Shinko Electric Company, Ltd.	12,000		21,190
Shinko Plantech Company, Ltd.	3,300		26,676
Shinko Shoji Company, Ltd.	2,700		25,901
Shinmaywa Industries, Ltd.	9,000		71,289
Ship Healthcare Holdings, Inc.	2,600		92,054
Shizuoka Gas Company, Ltd.	4,500		31,085
SHO-BOND Holdings Company, Ltd.	400		14,595
Shochiku Company, Ltd.	2,000		20,507
Showa Corp.	3,500		37,679
Showa Sangyo Company, Ltd.	7,000		24,164
Siix Corp.	2,200		34,191
Simplex Technology, Inc.	40		14,352
Sinanen Company, Ltd.	6,000		25,749
Sintokogio, Ltd.	4,600		41,579
SMK Corp.	6,000		17,067
Sogo Medical Company, Ltd.	600		21,240
ST Corp.	1,100		11,878
St. Marc Holdings Company, Ltd.	900		43,080
Star Micronics Company, Ltd.	2,600		25,740
Starzen Company, Ltd.	6,000		17,118
Stella Chemifa Corp.	800		15,336
Sumikin Bussan Corp.	9,000		30,794
Suminoe Textile Company, Ltd.	5,000		12,418
Sumitomo Densetsu Company, Ltd.	2,100		28,860
Sumitomo Light Metal Industries, Ltd.	29,000		29,698
Sumitomo Pipe & Tube Company, Ltd.	2,300		18,452
Sumitomo Seika Chemicals Company, Ltd.	4,000		15,928
Sumitomo Warehouse Company, Ltd.	16,048		111,327
SWCC Showa Holdings Company, Ltd. (I)	24,000		23,848
T Rad Company, Ltd.	7,000		18,903
T. Hasegawa Company, Ltd.	1,600		23,734
Tachi-S Company, Ltd.	2,700		47,981
Tachibana Eletech Company, Ltd.	1,500		15,517
Tadano, Ltd.	11,000		124,828
Taihei Dengyo Kaisha, Ltd.	3,000		19,292
Taihei Kogyo Company, Ltd.	5,000		18,103
Taiho Kogyo Company, Ltd.	2,500		32,627
Taikisha, Ltd.	2,100		47,147
Taisei Lamick Company, Ltd.	500		12,868
Taiyo Holdings Company, Ltd.	1,300		37,671
Takagi Securities Company, Ltd.	7,000		25,325
Takamatsu Corp.	1,500		22,847
Takaoka Toko Holdings Co Ltd.	700		11,042


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Japan (continued)
Takara Standard Company, Ltd.	7,000	$	54,997
Takasago International Corp.	8,000		44,444
Takasago Thermal Engineering Company, Ltd.	5,700		47,308
Takihyo Company, Ltd.	3,000		13,820
Takiron Company, Ltd.	6,000		22,641
Takuma Company, Ltd.	6,000		36,525
Tamron Company, Ltd.	1,500		32,257
Tamura Corp.	7,000		14,703
Tatsuta Electric Wire & Cable Company, Ltd.	6,000		36,144
Tecmo Koei Holdings Company, Ltd.	2,100		20,676
Teikoku Electric Manufacturing Company, Ltd.	700		14,084
Teikoku Piston Ring Company, Ltd.	1,400		21,708
Teikoku Sen-I Company, Ltd.	2,000		18,714
Temp Holdings Company, Ltd.	2,400		41,203
Tenma Corp.	1,800		21,550
The Chiba Kogyo Bank, Ltd. (I)	3,200		31,558
The Daiei, Inc. (I)	5,650		20,648
The Hokkoku Bank, Ltd.	5,000		21,184
The Hyakugo Bank, Ltd.	20,000		101,033
The Pack Corp.	1,300		25,779
The San-in Godo Bank, Ltd.	8,000		69,126
The Yachiyo Bank, Ltd.	1,700		58,369
Tigers Polymer Corp.	1,000		4,330
TKC Corp.	1,500		27,835
TOA Corp. (I)	22,000		31,214
Toagosei Company, Ltd.	18,000		78,855
Tobishima Corp. (I)	7,200		8,058
TOC Company, Ltd.	6,800		53,410
Tocalo Company, Ltd.	1,300		19,110
Tochigi Bank, Ltd.	11,000		44,556
Toda Corp.	17,000		40,690
Toda Kogyo Corp.	3,000		10,330
Toei Company, Ltd.	5,000		36,021
Toenec Corp.	4,000		19,460
Toho Bank, Ltd.	18,000		58,239
Toho Company, Ltd.	3,000		10,464
Toho Zinc Company, Ltd.	10,000		40,663
Tohoku Bank, Ltd.	4,000		6,994
Tokai Carbon Company, Ltd.	17,000		58,656
Tokai Holdings Corp.	4,000		14,059
Tokai Rubber Industries, Ltd.	2,400		27,661
Tokai Tokyo Securities Company, Ltd.	16,000		118,243
Token Corp.	810		54,849
Tokimec, Inc.	5,000		9,784
Tokushu Tokai Paper Company, Ltd.	15,000		35,154
Tokyo Dome Corp.	11,000		62,834
Tokyo Energy & Systems, Inc.	2,000		10,217
Tokyo Ohka Kogyo Company, Ltd.	3,400		72,411
Tokyo Rakutenchi Company, Ltd.	2,000		9,622
Tokyo Rope Manufacturing Company, Ltd. (I)	12,000		14,764
Tokyo Seimitsu Company, Ltd.	2,600		54,326
Tokyo Tekko Company, Ltd.	4,000		15,574
Tokyo Theatres Company, Inc. (I)	9,000		19,303
Tokyo Tomin Bank, Ltd.	2,800		34,190
Tokyu Community Corp.	700		31,227
Tokyu Construction Company, Ltd. (I)	9,910		22,864
Tokyu Livable, Inc.	1,800		38,085
Tomato Bank, Ltd.	11,000		20,615
Tomen Devices Corp.	600		11,932
Tomen Electronics Corp.	1,900		23,224
Tomoe Corp.	2,200		8,194
Tomoe Engineering Company, Ltd.	800		16,699
Tomoku Company, Ltd.	6,000		19,722

201

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Japan (continued)
TOMONY Holdings, Inc.	15,000	$	65,102
Tomy Company, Ltd.	4,500		22,817
Tonami Holdings Company, Ltd.	6,000		13,928
Toppan Forms Company, Ltd.	5,600		54,362
Topre Corp.	4,300		44,525
Topy Industries, Ltd.	18,000		41,900
Toridoll Corp.	1,400		14,353
Torigoe Company, Ltd.	2,300		15,745
Torii Pharmaceutical Company, Ltd.	1,100		27,518
Torishima Pump Manufacturing Company, Ltd.	900		7,318
Toshiba Machine Company, Ltd.	8,000		39,455
Toshiba TEC Corp.	9,000		53,351
Tosho Printing Company, Ltd.	6,000		12,812
Totetsu Kogyo Company, Ltd.	3,000		49,490
Tottori Bank, Ltd.	4,000		8,590
Towa Bank, Ltd.	21,000		25,820
Towa Corp.	2,200		12,917
Towa Pharmaceutical Company, Ltd.	700		37,043
Toyo Corp.	3,200		46,773
Toyo Electric Manufacturing Company, Ltd.	3,000		10,523
Toyo Ink Manufacturing Company, Ltd.	15,000		71,457
Toyo Kohan Company, Ltd.	4,000		12,789
Toyo Securities Company, Ltd.	6,000		26,437
Toyo Tanso Company, Ltd.	1,000		24,566
Toyo Tire & Rubber Company, Ltd.	15,000		67,299
Toyo Wharf & Warehouse Company, Ltd.	6,000		13,188
Toyobo Company, Ltd.	48,936		83,673
Transcosmos, Inc. (I)	2,800		41,727
Trusco Nakayama Corp.	2,500		49,878
TS Tech Company, Ltd.	5,700		162,359
TSI Holdings Company, Ltd.	9,970		57,819
Tsubakimoto Chain Company, Ltd.	8,000		41,197
Tsugami Corp.	6,000		34,545
Tsukishima Kikai Company, Ltd.	2,000		18,728
Tsukuba Bank, Ltd.	5,700		31,135
Tsurumi Manufacturing Company, Ltd.	2,000		17,379
Tsutsumi Jewelry Company, Ltd.	1,100		30,589
U-Shin, Ltd.	2,300		15,945
Ube Material Industries, Ltd.	5,000		12,300
Uchida Yoko Company, Ltd.	4,000		11,857
ULVAC, Inc. (I)	2,900		24,149
Uniden Corp. (I)	9,000		22,073
Union Tool Company, Ltd.	1,500		30,796
Unipres Corp.	2,600		58,408
United Arrows, Ltd.	2,400		82,067
Unitika, Ltd. (I)	45,000		24,989
Valor Company, Ltd.	4,000		76,535
Vital KSK Holdings, Inc.	3,900		37,825
Wakachiku Construction Company, Ltd. (I)	17,000		18,702
Warabeya Nichiyo Company, Ltd.	1,900		30,706
Watabe Wedding Corp.	1,100		8,836
WATAMI Company, Ltd.	2,300		42,830
Xebio Company, Ltd.	1,500		31,954
Yahagi Construction Company, Ltd.	2,000		8,580
Yaizu Suisankagaku Industry Company, Ltd.	1,100		10,061
Yamabiko Corp.	900		21,394
Yamagata Bank, Ltd.	16,000		77,066
Yamanashi Chuo Bank, Ltd.	13,000		59,430
Yamatane Corp.	11,000		23,479
Yamazen Corp.	5,700		37,714
Yaoko Company, Ltd.	300		13,108
Yasuda Warehouse Company, Ltd.	2,500		30,289
Yellow Hat, Ltd.	2,200		34,720


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Japan (continued)
Yodogawa Steel Works, Ltd.	10,000	$	37,659
Yokogawa Bridge Corp.	3,000		25,462
Yokohama Reito Company, Ltd.	4,000		38,446
Yokowo Company, Ltd.	2,000		10,825
Yomeishu Seizo Company, Ltd.	1,000		8,893
Yondenko Corp.	3,000		10,571
Yorozu Corp.	800		14,204
Yoshinoya Holdings Conpany, Ltd.	27		31,792
Yuasa Trading Company, Ltd.	21,000		44,526
Yuki Gosei Kogyo Co., Ltd.	3,000		9,535
Yurtec Corp.	4,000		12,557
Yusen Logistics Company, Ltd.	1,200		13,214
Yushin Precision Equipment Company, Ltd.	1,100		21,344
Yushiro Chemical Industry Company, Ltd.	1,100		11,074
Zenrin Company, Ltd.	2,100		29,280
Zeria Pharmaceutical Company, Ltd.	2,000		31,698
Zuken, Inc.	2,100		15,647

			23,978,246
Jersey, Channel Islands - 0.1%
Atrium European Real Estate, Ltd.	375		2,164
Centamin PLC (I)	88,755		66,767
Heritage Oil, Ltd. (I)	9,831		26,572

			95,503
Liechtenstein - 0.1%
Liechtensteinische Landesbank AG	1,361		52,197
Verwaltungs & Privat Bank AG	492		43,539

			95,736
Luxembourg - 0.4%
APERAM	697		8,576
Eurofins Scientific	895		188,567
GAGFAH SA (I)	1,693		20,798
Regus PLC	66,614		161,542

			379,483
Malta - 0.0%
Unibet Group PLC	1,362		47,556
Mongolia - 0.0%
Mongolian Mining Corp. (I)	14,000		5,182
Netherlands - 1.9%
Aalberts Industries NV	9,501		212,852
Accell Group	1,666		29,277
AMG Advanced Metallurgical Group NV (I)	3,085		25,936
Amsterdam Commodities NV	1,057		21,419
Arcadis NV	6,428		177,952
ASM International NV	5,593		185,892
Beter Bed Holding NV	1,056		19,360
BinckBank NV	4,478		42,139
Brunel International NV	825		34,931
CSM NV	5,756		121,916
Exact Holdings NV	467		9,702
Grontmij (I)	5,995		26,114
Heijmans NV	2,023		18,190
InnoConcepts NV (I)	10,527		0
KAS Bank NV	330		3,810
Kendrion NV	212		5,157
Koninklijke BAM Groep NV	24,510		99,406
Koninklijke Ten Cate NV	3,799		89,497
Koninklijke Wessanen NV	2,054		5,982
Macintosh Retail Group NV	454		5,180
Nutreco Holding NV	2,973		273,435
Ordina NV (I)	5,537		8,536

202

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Netherlands (continued)
PostNL NV (I)	3,608	$	7,241
SBM Offshore NV (I)	7,073		117,149
Sligro Food Group NV	2,169		68,834
SNS REAAL NV (I)	16,603		0
Telegraaf Media Groep NV	4,601		53,730
TKH Group NV	2,328		60,401
TomTom NV (I)(L)	15,548		62,113
Unit4 NV	1,920		62,454
USG People NV	6,577		56,606

			1,905,211
New Zealand - 0.9%
Air New Zealand, Ltd.	19,995		25,698
Chorus, Ltd.	1,695		3,989
Ebos Group, Ltd.	718		5,610
Fisher & Paykel Healthcare Corp.	28,953		63,535
Freightways, Ltd.	8,921		33,862
Infratil, Ltd.	66,634		134,394
Mainfreight, Ltd.	7,268		68,785
New Zealand Oil & Gas, Ltd.	47,702		34,158
New Zealand Refining Company, Ltd.	17,531		36,849
Nuplex Industries, Ltd.	40,972		114,100
PGG Wrightson, Ltd.	8,197		2,543
Pike River Coal Company, Ltd. (I)	21,968		0
Port of Tauranga, Ltd.	5,763		66,529
Pumpkin Patch, Ltd. (I)	7,395		7,547
Ryman Healthcare, Ltd.	14,826		62,616
Sky Network Television, Ltd.	12,878		57,161
SKYCITY Entertainment Group, Ltd.	43,129		159,328
Tower, Ltd. (I)	20,665		33,242
Warehouse Group, Ltd.	4,936		14,423

			924,369
Norway - 1.1%
Agasti Holding ASA (I)	24,000		5,434
Algeta ASA (I)(L)	636		21,405
Atea ASA	13,003		144,681
Austevoll Seafood ASA	1,577		9,588
Bonheur ASA	1,100		25,782
BW Offshore, Ltd.	30,800		32,518
BWG Homes ASA (I)	9,652		23,145
Camillo Eitzen & Company ASA (I)	130		27
Cermaq ASA	8,984		143,016
Clavis Pharma ASA (I)	70		82
DNO International ASA (I)	28,953		50,296
DOF ASA (I)(L)	1,335		5,510
Ekornes ASA	207		3,330
Electromagnetic GeoServices ASA (I)	3,160		4,724
Eltek ASA	22,000		21,212
Evry ASA	946		1,369
Farstad Shipping ASA	390		8,580
Ganger Rolf ASA	700		15,643
Kongsberg Automotive Holding ASA (I)	29,400		7,523
Kvaerner ASA	4,648		9,670
Leroy Seafood Group ASA	594		15,865
Nordic Semiconductor ASA (I)(L)	21,567		67,811
Norwegian Air Shuttle AS (I)	2,907		105,798
Norwegian Energy Company AS (I)	16,500		12,999
Opera Software ASA	4,868		31,151
Scana Industrier ASA (I)	15,247		1,047
Sevan Marine ASA (I)	2,068		6,552
Siem Offshore, Inc. (I)	20,000		25,515
Solstad Offshore ASA	2,900		50,143
SpareBank 1 SR Bank ASA	1,073		9,188


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Norway (continued)
Sparebanken 1 SMN (L)	3,890	$	30,937
STX OSV Holdings, Ltd.	11,000		10,821
Tomra Systems ASA	13,184		128,711
Veidekke ASA	6,400		51,127
Wilh Wilhelmsen Holding ASA, Class A	1,300		37,586

			1,118,786
Papua New Guinea - 0.0%
Highlands Pacific, Ltd. (I)	59,421		7,408
Peru - 0.1%
Copeinca ASA	7,710		79,900
Portugal - 0.4%
Altri SGPS SA	26,263		64,606
Banco BPI SA (I)	23,984		30,457
BANIF - Banco Internacional
do Funchal SA (I)	17,971		2,812
Mota Engil SGPS SA	5,366		12,790
Portucel - Empresa Produtora de Pasta
e Papel SA	28,126		96,784
Redes Energeticas Nacionais SA	12,164		35,110
Semapa-Sociedade de Investimento & Gestao	5,253		47,544
Sonae	50,046		44,936
Teixeira Duarte SA (I)	21,736		12,300
Zon Multimedia Servicos de Telecomunicacoes
e Multimedia SGPS SA	14,900		62,949

			410,288
Russia - 0.0%
Raven Russia, Ltd.	7,198		7,881
Singapore - 1.5%
ASL Marine Holdings, Ltd.	19,600		11,335
Ausgroup, Ltd.	71,000		31,008
Banyan Tree Holdings, Ltd. (I)	54,000		26,805
Biosensors International Group, Ltd. (I)	52,000		54,956
Bukit Sembawang Estates, Ltd.	16,000		91,642
Cape PLC	836		3,984
CH Offshore, Ltd.	38,000		14,575
China Aviation Oil Singapore Corp., Ltd.	12,000		10,466
China Merchants Holdings Pacific, Ltd.	50,000		35,498
Cosco Corp. Singapore, Ltd.	80,000		58,967
Creative Technology, Ltd.	6,650		15,250
CSE Global, Ltd.	55,000		38,386
Ezra Holdings, Ltd. (I)	50,400		47,005
Food Empire Holdings, Ltd.	43,200		24,430
Gallant Venture, Ltd. (I)	71,000		16,084
GMG Global, Ltd.	46,000		4,642
Goodpack, Ltd.	18,000		27,195
Ho Bee Investment, Ltd.	18,000		28,027
Hong Fok Corp., Ltd. (I)	48,000		26,967
Hong Leong Asia, Ltd.	13,000		17,917
Hotel Properties, Ltd.	24,000		63,713
HTL International Holdings, Ltd.	34,000		8,366
Hyflux, Ltd.	24,000		28,291
Indofood Agri Resources, Ltd.	25,000		24,920
Jaya Holdings, Ltd.	51,000		28,360
Metro Holdings, Ltd.	63,600		46,979
Midas Holdings, Ltd.	115,000		50,221
Oceanus Group, Ltd. (I)	116,000		5,459
Orchard Parade Holdings, Ltd.	5,000		8,731
OSIM International, Ltd.	30,000		48,289
Otto Marine, Ltd. (I)	144,000		10,148
Overseas Union Enterprise, Ltd.	5,000		12,397
Pan Pacific Hotels Group, Ltd.	21,500		41,153

203

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Singapore (continued)
Petra Foods, Ltd.	45,000	$	151,117
Raffles Education Corp., Ltd. (I)	91,425		26,671
Rotary Engineering, Ltd.	22,000		9,185
SBS Transit, Ltd.	5,000		6,050
Sinarmas Land, Ltd.	184,000		67,611
Stamford Land Corp., Ltd.	59,000		27,114
Super Coffeemix Manufacturing, Ltd.	15,000		47,232
Swiber Holdings, Ltd.	20,000		10,822
Tat Hong Holdings, Ltd.	31,000		38,167
Triyards Holdings, Ltd. (I)	5,040		3,257
United Engineers, Ltd.	19,000		48,770
UOB-Kay Hian Holdings, Ltd.	31,000		42,625
Venture Corp., Ltd.	7,000		48,905
WBL Corp., Ltd.	4,000		13,669
Wing Tai Holdings, Ltd.	21,205		32,543
Yeo Hiap Seng, Ltd.	1,104		2,522
Yongnam Holdings, Ltd.	87,000		20,007

			1,558,433
Spain - 1.9%
Abengoa SA	2,937		8,330
Abengoa SA, B Shares	11,748		29,214
Acerinox SA	2,262		23,220
Almirall SA	6,175		77,209
Amper SA (I)	1,961		3,494
Antena 3 de Television SA (L)	3,644		19,972
Bankinter SA	17,362		84,618
Bolsas y Mercados Espanoles SA (L)	5,350		131,971
Caja de Ahorros del Mediterraneo (I)	5,428		696
Campofrio Food Group SA (I)	1,173		7,012
Cementos Portland Valderrivas SA (I)	1,547		8,849
Construcciones & Auxiliar de Ferrocarriles SA	265		95,571
Deoleo SA (I)	11,142		3,720
Dinamia SA	1,181		7,653
Duro Felguera SA	3,914		26,827
Ebro Foods SA	13,765		273,877
Elecnor SA	2,026		23,585
Ence Energia y Celulosa SA	16,201		46,010
Ercros SA (I)	12,567		6,582
Faes Farma SA	16,257		42,045
Fluidra SA	3,227		10,387
Gamesa Corporacion Tecnologica SA	7,200		22,007
Grupo Catalana Occidente SA	2,531		54,787
Indra Sistemas SA (L)	7,450		88,934
Laboratorios Farmaceuticos Rovi SA	1,750		15,503
Mediaset Espana Comunicacion SA (I)	4,733		34,227
Melia Hotels International SA	5,056		34,388
NH Hoteles SA (I)	8,165		25,772
Obrascon Huarte Lain SA	3,281		107,992
Papeles y Cartones de Europa SA	4,221		14,617
Pescanova SA	1,602		11,602
Promotora de Informaciones SA (I)	9,049		2,626
Realia Business SA (I)	9,431		9,142
Sacyr Vallehermoso SA (I)	931		1,693
Sociedad Nacional de Industrias Apicaciones
Celulosa Espanol SA (I)	8,375		4,406
Tecnicas Reunidas SA	2,764		129,959
Tubacex SA	10,312		27,669
Tubos Reunidos SA	9,106		20,049
Unipapel SA	209		3,313
Vidrala SA	2,228		72,807
Viscofan SA	6,729		353,426
Vocento SA (I)	9,411		12,886


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Spain (continued)
Zeltia SA (I)	16,087	$	26,409

			2,005,056
Sweden - 3.7%
AarhusKarlshamn AB	4,950		250,011
Acando AB	6,279		16,339
Active Biotech AB (I)	2,172		21,159
AddTech AB	2,310		76,822
AF AB	3,536		104,621
Avanza Bank Holding AB	1,104		29,682
Axfood AB	1,565		63,696
Axis Communications AB (L)	8,098		210,681
B&B Tools AB	3,490		45,543
BE Group AB	4,723		13,204
Beijer Alma AB	229		5,051
Betsson AB	2,976		95,868
Bilia AB	1,720		31,078
BillerudKorsnas AB	25,798		248,916
BioGaia AB	555		18,749
Bure Equity AB	7,860		27,994
Castellum AB (L)	6,802		96,906
Clas Ohlson AB	4,002		53,457
Cloetta AB (I)	2,034		5,307
Concordia Maritime AB	2,200		3,714
Duni AB	5,099		48,515
East Capital Explorer AB	3,589		28,654
Enea AB	1,999		15,108
Eniro AB (I)(L)	12,390		22,199
Fabege AB (L)	6,102		62,419
Fagerhult AB	749		20,776
Fastighets AB Balder - B Shares (I)	2,585		18,224
G & L Beijer AB	2,250		41,515
Haldex AB	6,370		38,034
Hexpol AB	1,566		89,960
HIQ International AB	3,756		22,708
Hoganas AB	4,475		221,411
Holmen AB, Series B	4,455		132,535
Hufvudstaden AB, Class A	638		8,016
Industrial & Financial Systems AB (L)	3,487		62,324
Indutrade AB	1,973		69,202
Intrum Justitia AB	6,104		118,072
JM AB (L)	8,981		213,291
KappAhl Holding AB (I)	2,691		11,722
Kungsleden AB	10,626		68,535
Lindab International AB	6,008		48,486
Loomis AB	4,564		84,989
Mekonomen AB	2,150		72,498
NCC AB, B Shares	8,075		202,287
Net Entertainment NE AB	105		1,521
Net Insight AB (I)	40,297		8,655
New Wave Group AB	6,024		33,708
Nibe Industrier AB	7,047		122,571
Nobia AB	17,611		93,914
OEM International AB	1,799		19,465
PA Resources AB (I)	139,034		1,277
Peab AB	14,016		78,612
Proffice AB	6,320		24,069
Rezidor Hotel Group AB (I)	8,897		43,058
RNB Retail & Brands AB (I)	31,521		677
Saab AB	46		997
SAS AB (I)	17,484		36,085
SkiStar AB	222		2,641
SSAB AB, Series A	3,598		27,455
Sweco AB	3,557		42,010

204

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Sweden (continued)
Swedish Orphan Biovitrum AB (I)	11,871	$	76,476
TradeDoubler AB	4,887		11,206
Wihlborgs Fastigheter AB	3,088		50,868

			3,815,543
Switzerland - 4.6%
Acino Holding AG (I)	303		30,888
Advanced Digital Broadcast Holdings SA (I)	245		4,122
AFG Arbonia-Forster Holding AG (I)	1,594		43,037
Allreal Holding AG	764		111,088
APG SGA SA	88		21,424
Ascom Holding AG	3,146		38,303
Autoneum Holding AG	430		28,771
Bachem Holding AG	14		582
Bank Coop AG	1,583		89,971
Banque Privee Edmond de Rothschild SA	1		21,182
Basilea Pharmaceutica	374		22,673
Belimo Holding AG	29		66,947
Bellevue Group AG	655		7,564
Berner Kantonalbank	285		76,854
Bobst Group AG (I)	1,189		38,880
Bossard Holding AG	208		31,895
Bucher Industries AG	751		173,891
Burckhardt Compression Holding AG	370		138,574
Centralschweizerische Kraftwerke AG	83		27,104
Charles Voegele Holding AG (I)	998		16,929
Cicor Technologies (I)	322		9,839
Cie Financiere Tradition SA	211		11,402
Conzzeta Holding AG	1		1,960
Daetwyler Holding AG	778		86,168
EFG International (L)	5,629		68,043
Emmi AG	319		90,115
Energiedienst Holding AG	559		21,570
Ferrexpo PLC	5,662		14,917
Flughafen Zuerich AG	380		176,870
Forbo Holding AG	196		128,101
GAM Holding AG	25,978		439,573
Gategroup Holding AG (I)	846		15,931
Georg Fischer AG	893		378,688
Gurit Holding AG	22		8,937
Helvetia Patria Holding AG	307		124,095
Huber & Suhner AG	222		10,655
Implenia AG	348		19,021
Inficon Holding AG	99		29,207
Informa PLC	10,659		85,530
Intershop Holdings	8		2,832
Kaba Holding AG	317		123,400
Komax Holding AG	647		61,738
Kudelski SA	4,675		61,575
Kuoni Reisen Holding AG	265		83,802
LEM Holding SA	52		32,282
Logitech International SA (L)	9,485		64,291
Lonza Group AG	1,290		83,775
Luzerner Kantonalbank AG	145		55,290
Meyer Burger Technology AG (I)(L)	3,227		25,429
Micronas Semiconductor Holding AG	5,145		36,937
Mobilezone Holding AG	3,138		32,068
Mobimo Holding AG	528		118,453
Nobel Biocare Holding AG	1,633		16,397
OC Oerlikon Corp. AG	10,301		122,576
Orascom Development Holding AG (I)	1,134		13,146
Orell Fuessli Holding AG	136		12,967
Panalpina Welttransport Holding AG	1,099		96,953
Phoenix Mecano AG	53		26,401


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Switzerland (continued)
PubliGroupe SA	20	$	3,029
Rieter Holding AG	430		73,005
Romande Energie Holding SA	52		57,602
Schaffner Holding AG	40		9,240
Schmolz & Bickenbach AG (I)	1,684		4,156
Schweiter Technologies AG	3		1,855
Schweizerische National-Versicherungs-
Gesellschaft AG	1,339		64,706
Siegfried Holding AG	53		6,895
St. Galler Kantonalbank	99		41,715
Straumann Holding AG	77		10,399
Swisslog Holding AG	4,914		6,369
Swissquote Group Holding SA	1,093		34,627
Tamedia AG	188		20,808
Tecan Group AG	633		59,367
Temenos Group AG (I)	3,816		90,730
U-Blox AG	65		3,310
Valiant Holding AG	686		61,097
Valora Holding AG	284		58,032
Vaudoise Assurances Holding SA	138		49,315
Vetropack Holding AG	3		6,008
Von Roll Holding AG (I)	7,878		16,440
Vontobel Holding AG	2,802		89,179
WMH Walter Meier AG (I)	121		36,119
Ypsomed Holding AG	276		15,989
Zehnder Group AG	615		26,698
Zuger Kantonalbank	17		89,203

			4,717,506
Taiwan - 0.0%
Ya Hsin Industrial Company, Ltd. (I)	138,000		0
United Arab Emirates - 0.1%
Lamprell PLC	30,296		60,619
United Kingdom - 20.8%
A.G.Barr PLC	9,000		74,585
Afren PLC (I)	55,554		119,837
Alent PLC (I)	33,297		191,084
Alizyme PLC (I)	22,479		0
Amlin PLC	13,174		84,811
Anglo Pacific Group PLC	10,171		36,790
Anite PLC	6,272		11,989
Ashtead Group PLC	54,314		486,005
Aveva Group PLC	7,949		273,732
Balfour Beatty PLC	40,039		143,259
Barratt Developments PLC (I)	98,477		410,450
BBA Aviation PLC	48,270		189,497
Bellway PLC	10,163		200,370
Berendsen PLC	14,469		172,857
Berkeley Group Holdings PLC	13,633		423,048
Bodycote PLC	19,111		156,235
Booker Group PLC	6,370		11,794
Bovis Homes Group PLC	13,879		156,390
Brammer PLC	8,722		49,226
Brewin Dolphin Holdings PLC	23,416		73,531
British Polythene Industries PLC	4,443		35,805
Britvic PLC	32,362		218,632
BTG PLC (I)	25,585		138,924
Cable & Wireless Communications PLC	75,207		48,059
Capital & Counties Properties PLC	4,640		19,214
Capital & Regional PLC (I)	28,406		14,226
Carillion PLC	27,252		113,083
Charles Taylor Consulting PLC	3,000		8,309
Chemring Group PLC	32,046		126,765

205

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
United Kingdom (continued)
Chesnara PLC	776	$	2,776
Chime Communications PLC	5,129		20,387
Cineworld Group PLC	6,663		28,252
Close Brothers Group PLC	15,796		253,339
Cobham PLC	28,846		106,739
Colt Telecom Group SA (I)	31,617		60,544
Communisis PLC	1		1
Computacenter PLC	9,482		77,866
Concentric AB	6,370		68,060
Costain Group PLC	3,598		14,969
Cranswick PLC	8,434		126,428
Creston PLC	10,587		13,715
CSR PLC	18,505		135,743
D.S. Smith PLC	122,693		408,287
Daily Mail & General Trust PLC	17,811		192,104
Dairy Crest Group PLC	13,990		91,345
Darty PLC	13,363		8,782
De La Rue PLC	7,909		117,486
Debenhams PLC	116,644		146,898
Dechra Pharmaceuticals PLC	5,389		61,389
Development Securities PLC	2,220		5,083
Devro PLC	5,062		27,012
Dignity PLC	5,430		117,372
Diploma PLC	7,537		64,383
Dixons Retail PLC (I)	231,071		118,922
Domino Printing Sciences PLC	13,820		134,669
Domino’s Pizza UK & IRL PLC	7,102		65,112
Drax Group PLC	30,783		286,683
Dunelm Group PLC	9,379		119,513
E2V Technologies PLC	2,485		4,533
Electrocomponents PLC	45,730		175,088
Elementis PLC	54,285		215,767
EnQuest PLC (I)	46,110		100,653
Enterprise Inns PLC (I)	55,142		89,200
Euromoney Institutional Investor PLC	7,325		107,609
F&C Asset Management PLC	41,888		66,501
Fenner PLC	9,083		53,729
Fidessa Group PLC	3,586		106,425
Filtrona PLC	27,028		299,848
Findel PLC (I)	318,283		31,467
FirstGroup PLC	35,332		108,355
Galliford Try PLC	8,666		121,367
Gem Diamonds, Ltd. (I)	12,666		26,351
Genus PLC	5,336		128,195
Go-Ahead Group PLC	2,784		62,256
Greene King PLC	18,168		194,269
Greggs PLC	7,878		57,138
Halfords Group PLC	23,761		116,552
Halma PLC	44,038		346,853
Hardy Oil & Gas PLC (I)	5,072		9,249
Hays PLC	90,038		132,425
Headlam Group PLC	4,631		24,519
Helical Bar PLC	8,263		29,722
Hikma Pharmaceuticals PLC	16,363		257,211
Hill & Smith Holdings PLC	6,401		43,506
Hochschild Mining PLC	15,777		65,673
Homeserve PLC	23,941		72,998
Howden Joinery Group PLC	88,671		322,687
Hunting PLC	9,788		132,243
Hyder Consulting PLC	3,872		28,402
ICAP PLC	359		1,586
IG Group Holdings PLC	25,146		204,769
Imagination Technologies Group PLC (I)	14,187		106,424


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
United Kingdom (continued)
Inchcape PLC	27,669	$	212,119
Innovation Group PLC (I)	9,835		3,815
Intermediate Capital Group PLC	43,942		282,782
International Personal Finance PLC	47,051		318,338
Interserve PLC	12,721		96,718
Invensys PLC	13,129		70,242
ITE Group PLC	16,803		69,799
J.D. Wetherspoon PLC	9,690		79,189
James Fisher & Sons PLC	4,579		72,106
Jardine Lloyd Thompson Group PLC	10,279		133,038
Jazztel PLC (I)	19,044		145,498
JKX Oil & Gas PLC (I)	8,683		9,992
John Menzies PLC (I)	983		10,674
Kcom Group PLC	95,593		118,032
Keller Group PLC	4,607		57,087
Kier Group PLC	2,737		48,818
Kofax PLC (I)	12,928		62,313
Ladbrokes PLC	55,844		192,377
Laird PLC	26,527		87,867
Lancashire Holdings, Ltd.	13,824		170,023
Lonmin PLC (I)(L)	2,646		11,713
Lookers PLC	17,654		26,522
Low & Bonar PLC	21,034		24,386
M.J. Gleeson Group PLC	8,478		26,341
Management Consulting Group PLC	217		103
Marshalls PLC	1,729		3,282
Marston’s PLC	27,240		58,691
McBride PLC	14,770		26,733
Mears Group PLC	8,289		43,044
Melrose Industries PLC	1,264		5,102
Michael Page International PLC	20,769		133,634
Micro Focus International PLC	22,274		232,002
Millennium & Copthorne Hotels PLC	13,381		115,746
Mitchells & Butlers PLC (I)	26,386		130,780
Mitie Group PLC	21,404		91,376
Moneysupermarket.com Group PLC	11,551		34,771
Morgan Crucible Company PLC	23,436		100,702
Mothercare PLC (I)	6,928		33,185
MWB Group Holdings PLC (I)	11,618		861
N. Brown Group PLC	16,271		101,231
National Express Group PLC	34,580		107,749
NCC Group, Ltd.	24,395		52,303
Northgate PLC	1,332		6,335
Novae Group PLC	2,664		18,425
Optos PLC (I)	3,748		8,598
Oxford Biomedica PLC (I)	57,574		1,358
Oxford Instruments PLC	3,507		88,267
Pace PLC	26,281		97,441
PayPoint PLC	4,414		59,497
Pendragon PLC (I)	63,903		22,094
Persimmon PLC	26,100		424,852
Petropavlovsk PLC	20,453		69,222
Photo-Me International PLC	24,627		28,108
Premier Farnell PLC	44,384		150,520
Premier Foods PLC (I)	15,810		19,313
Premier Oil PLC (I)	25,504		151,169
Provident Financial PLC	5,699		135,870
Punch Taverns PLC (I)	20,164		3,220
PZ Cussons PLC	15,640		96,024
QinetiQ Group PLC	59,423		187,374
Quintain Estates & Development PLC (I)	54,012		55,145
Rathbone Brothers PLC	4,853		107,630
Redrow PLC (I)	28,411		81,127

206

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
United Kingdom (continued)
Renishaw PLC	2,747	$	76,837
Rentokil Initial PLC	61,337		93,618
Restaurant Group PLC	15,717		111,768
Ricardo PLC	418		2,668
Rightmove PLC	9,027		244,771
RM PLC	10,003		12,000
Rotork PLC	11,593		512,664
RPC Group PLC	19,465		117,617
RPS Group PLC	17,736		72,246
Salamander Energy PLC (I)	13,282		41,865
Savills PLC	12,336		102,323
SDL PLC	13,797		82,606
Senior PLC	19,322		70,169
Shanks Group PLC	46,070		55,028
SIG PLC	20,810		50,318
Smiths News PLC	16,404		46,152
Soco International PLC (I)	16,636		95,180
Southern Cross Healthcare, Ltd. (I)	15,726		1,493
Spectris PLC	10,418		390,376
Spirax-Sarco Engineering PLC	9,089		372,192
Spirent Communications PLC	60,917		136,706
Spirit Pub Company PLC	20,164		18,017
Sportech PLC (I)	11,390		17,319
Sports Direct International PLC (I)	15,902		103,183
St James’s Place PLC	19,153		148,228
St. Modwen Properties PLC	14,271		56,103
Stagecoach Group PLC	24,940		117,766
Sthree PLC	8,144		42,973
STV Group PLC (I)	2,685		5,162
SuperGroup PLC (I)	11		102
Synergy Health PLC	5,377		83,214
TalkTalk Telecom Group PLC	24,348		100,903
Taylor Wimpey PLC	241,540		333,866
Telecity Group PLC	3,954		54,414
Telecom Plus PLC	752		11,453
Thomas Cook Group PLC (I)	5,723		9,788
Topps Tiles PLC	15,591		15,056
Torotrak PLC (I)	2,223		996
Tribal Group PLC	7,453		16,643
Trinity Mirror PLC (I)	6,673		9,558
TT electronics PLC	14,769		39,516
Tullett Prebon PLC	20,558		81,027
UK Mail Group PLC	2,825		16,242
Ultra Electronics Holdings PLC	5,588		146,170
Unite Group PLC	5,851		28,616
UTV Media PLC	14,284		33,696
Vectura Group PLC (I)	29,652		40,923
Vesuvius PLC	33,297		179,212
Victrex PLC	5,831		147,586
Vitec Group PLC	1,430		14,245
Volex Group PLC	2,300		3,615
VP PLC	637		3,317
W.S. Atkins PLC	9,549		132,460
WH Smith PLC	11,284		128,204
William Hill PLC	51,239		289,060
Wilmington Group PLC	8,076		19,852
Wincanton PLC (I)	2,774		1,845
Wolfson Microelectronics PLC (I)	12,200		32,807
Xaar PLC	156		1,008
Xchanging PLC (I)	19,640		39,740
Yule Catto & Company PLC	8,486		27,798

			21,358,889


International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
United States - 0.2%
Argonaut Gold, Inc. (I)	6,900	$	55,969
Biota Pharmaceuticals, Inc.	1,711		6,947
BNK Petroleum, Inc. (I)	5,141		3,947
Boart Longyear, Ltd.	36,330		48,637
Golden Star Resources, Ltd. (I)(L)	27,300		43,805
International Minerals Corp.	1,700		6,158
Thompson Creek Metals Company, Inc. (I)(L)	11,493		34,706

			200,169

TOTAL COMMON STOCKS (Cost $102,428,982)		$	101,341,208


RIGHTS - 0.0%
Haitong International
Securities Group Ltd. (I)(N)	11,200	$	837
rnb Retail and Brands AB (Expiration Date:
04/22/2013; strike Price SEK 0.07) (I)	126,084		13,544
William Hill PLC (Expiration Date:
04/04/2013; Strike Price: GBP 2.45) (I)	11,386		21,453

TOTAL RIGHTS (Cost $29,444)		$	35,834


WARRANTS - 0.0%
Seat Pagine Gialle SpA (Expiration
Date: 08/31/2014) (I)(N)	131,159		83

TOTAL WARRANTS (Cost $0)		$	83


SECURITIES LENDING COLLATERAL - 4.0%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)	405,039	$	4,053,913

TOTAL SECURITIES LENDING
COLLATERAL (Cost $4,053,754)		$	4,053,913

Total Investments (International Small Company Trust)
(Cost $106,512,180) - 102.8%		$	105,431,038
Other assets and liabilities, net - (2.8%)			(2,844,621)

TOTAL NET ASSETS - 100.0%		$	102,586,417


International Value Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 97.8%
Australia - 0.2%
Billabong International, Ltd. (I)(L)	2,845,720	$	2,161,595
Belgium - 1.0%
KBC Groep NV	305,456		10,538,155
Brazil - 0.4%
Vale SA (Preference A Shares), ADR	263,960		4,363,259
Canada - 5.3%
AGF Management, Ltd., Class B	243,200		2,580,790
Ensign Energy Services, Inc.	664,400		11,327,861
Suncor Energy, Inc.	360,500		10,802,402
Talisman Energy, Inc.	1,084,340		13,257,373
Trican Well Service, Ltd.	1,223,000		17,938,377

			55,906,803
China - 1.8%
China Telecom Corp., Ltd., H Shares	13,736,427		6,943,606
Shanghai Electric Group Company, Ltd.,
H Shares	13,746,000		5,374,334

207

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
China (continued)
Shanghai Pharmaceuticals Holding
Company, Ltd., H Shares	1,066,700	$	2,341,714
Trina Solar, Ltd., ADR (I)(L)	1,203,530		4,368,814

			19,028,468
Denmark - 0.3%
Vestas Wind Systems A/S (I)(L)	425,733		3,426,708
France - 15.1%
Alstom SA	125,020		5,100,401
AXA SA	1,386,601		23,902,930
BNP Paribas SA	615,926		31,731,010
Carrefour SA	594,210		16,322,643
France Telecom SA	843,243		8,550,226
Ipsen SA	181,158		6,483,017
Sanofi	271,013		27,636,707
Societe Generale SA (I)	474,043		15,638,280
Total SA	333,336		15,932,304
Vivendi SA	431,265		8,931,975

			160,229,493
Germany - 4.0%
Deutsche Lufthansa AG	686,720		13,415,968
E.ON SE	58,350		1,019,224
Gerresheimer AG (I)	50,210		2,885,020
Kloeckner & Company SE (I)	455,830		6,459,157
Muenchener Rueckversicherungs AG	33,564		6,279,718
Siemens AG	116,271		12,525,871

			42,584,958
Hong Kong - 2.2%
China Mobile, Ltd.	817,000		8,650,375
First Pacific Company, Ltd.	2,374,000		3,224,401
Kingboard Chemical Holdings, Ltd.	4,146,500		11,875,346

			23,750,122
India - 0.7%
Reliance Industries, Ltd.	548,420		7,868,013
Ireland - 0.9%
CRH PLC	418,460		9,246,517
Italy - 1.5%
UniCredit SpA (I)	3,587,452		15,424,652
Japan - 6.4%
CAPCOM Company, Ltd. (L)	177,300		2,851,830
ITOCHU Corp.	1,414,660		17,353,015
Mazda Motor Corp. (I)	2,951,000		8,711,348
Namco Bandai Holdings, Inc.	626,700		11,105,591
Toyota Motor Corp.	329,530		16,982,821
Trend Micro, Inc. (L)	367,100		10,312,024

			67,316,629
Netherlands - 10.1%
Aegon NV	2,675,082		16,106,002
Akzo Nobel NV	182,230		11,579,004
Fugro NV	30,400		1,689,289
ING Groep NV (I)	5,298,970		38,082,388
Koninklijke Philips Electronics NV	274,035		8,143,918
Randstad Holdings NV	276,880		11,346,832
Royal Dutch Shell PLC, B Shares	591,786		19,692,450

			106,639,883
Norway - 3.9%
Statoil ASA	771,610		18,839,557
Telenor ASA	997,585		21,878,967

			40,718,524


International Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Singapore - 1.7%
Flextronics International, Ltd. (I)(L)	2,218,370	$	14,996,181
Singapore Telecommunications, Ltd.	1,187,000		3,441,685

			18,437,866
South Korea - 7.4%
Hana Financial Group, Inc.	333,660		11,808,979
KB Financial Group, Inc., ADR (L)	699,043		23,096,381
KIWOOM Securities Company, Ltd.	84,364		5,148,975
Korea Investment Holdings Company, Ltd.	145,600		5,828,890
POSCO	44,932		13,236,152
Samsung Electronics Company, Ltd.	13,932		18,975,432

			78,094,809
Spain - 1.2%
Telefonica SA	932,814		12,608,779
Sweden - 1.2%
Getinge AB, B Shares (L)	153,092		4,676,217
Telefonaktiebolaget LM Ericsson, B Shares	641,194		8,000,468

			12,676,685
Switzerland - 10.4%
Basilea Pharmaceutica (I)	36,130		2,190,288
Credit Suisse Group AG	1,451,692		38,312,261
Lonza Group AG	99,460		6,459,082
Nobel Biocare Holding AG (I)(L)	572,476		5,748,213
Noble Corp.	326,980		12,474,287
Novartis AG	168,620		12,007,673
Roche Holdings AG	112,172		26,189,147
Swiss Re AG	71,201		5,794,621
UBS AG	79,526		1,221,294

			110,396,866
Taiwan - 2.0%
Compal Electronics, Inc.	13,233,334		9,359,691
Compal Electronics, Inc., GDR (S)	2,123		7,473
Siliconware Precision Industries Company	9,912,000		11,463,761

			20,830,925
United Kingdom - 19.2%
Aviva PLC	4,978,220		22,430,208
BAE Systems PLC	2,091,561		12,554,384
BP PLC, ADR	1,840,025		12,921,956
Carillion PLC	1,520,420		6,309,027
G4S PLC	2,910,180		12,921,166
GlaxoSmithKline PLC	1,033,284		24,185,698
Hays PLC	7,322,723		10,770,061
Kingfisher PLC	2,938,370		12,879,296
Lloyds Banking Group PLC (I)	17,914,590		13,328,647
Man Group PLC	12,211,620		16,560,231
Marks & Spencer Group PLC	1,603,200		9,503,255
Premier Foods PLC (I)	449,164		548,678
Rexam PLC	889,830		7,135,668
Tesco PLC	4,151,390		24,136,374
Vodafone Group PLC	6,095,398		17,300,865

			203,485,514
United States - 0.9%
Baker Hughes, Inc.	211,610		9,820,820

TOTAL COMMON STOCKS (Cost $1,046,612,599)		$	1,035,556,043

208

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


International Value Trust (continued)
		Shares or
		Principal
		Amount		Value

SECURITIES LENDING COLLATERAL - 2.5%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		2,626,717		26,290,022

TOTAL SECURITIES LENDING
COLLATERAL (Cost $26,289,202)			$	26,290,022


SHORT-TERM INVESTMENTS - 1.8%
Time Deposits - 1.8%
Royal Bank of Canada, 0.080%, 04/01/2013 * $	19,000,000		$	19,000,000

TOTAL SHORT-TERM INVESTMENTS (Cost $19,000,000)			$	19,000,000

Total Investments (International Value Trust)
(Cost $1,091,901,801) - 102.1%			$	1,080,846,065
Other assets and liabilities, net - (2.1%)				(22,660,346)

TOTAL NET ASSETS - 100.0%			$	1,058,185,719


Investment Quality Bond Trust
		Shares or
		Principal
		Amount		Value


U.S. GOVERNMENT & AGENCY
OBLIGATIONS - 32.1%
U.S. Government Agency - 1.4%
Federal Home Loan Mortgage Corp.
5.000%, 12/01/2034	$	683,527	$	739,357
6.500%, 04/01/2029 to 08/01/2034		65,738		75,108
7.500%, 08/01/2025 to 05/01/2028		18,133		20,894
Federal National Mortgage Association
4.636%, 05/01/2013		334,895		334,911
Government National
Mortgage Association
4.000%, 11/15/2040 to 02/15/2042		2,854,847		3,113,117
6.000%, 12/15/2013 to 04/15/2035		132,638		150,955
6.500%, 06/15/2028 to 02/15/2035		82,143		94,360
7.000%, 11/15/2031 to 11/15/2033		533,976		618,088
8.000%, 07/15/2030		6,925		8,195

				5,154,985
U.S. Government - 30.7%
U.S. Treasury Bonds
3.125%, 11/15/2041 (D)		6,010,000		6,057,894
4.250%, 05/15/2039		2,475,000		3,046,958
4.375%, 11/15/2039 to 05/15/2041		5,858,000		7,355,889
4.625%, 02/15/2040		6,125,000		7,988,341
4.750%, 02/15/2041		1,643,300		2,186,102
5.375%, 02/15/2031		2,445,000		3,404,663
6.250%, 08/15/2023 (F)		2,000,000		2,832,812
6.250%, 05/15/2030		785,000		1,186,576
U.S. Treasury Notes
0.250%, 02/15/2015		12,100,000		12,100,000
0.875%, 04/30/2017		33,050,000		33,452,813
1.625%, 11/15/2022		220,000		216,288
1.750%, 07/31/2015		13,190,000		13,638,249
2.000%, 04/30/2016		5,915,000		6,208,437
2.000%, 11/15/2021 (D)		4,975,000		5,134,742
2.500%, 04/30/2015		700		732
4.000%, 02/15/2015		4,775,000		5,109,250
4.250%, 11/15/2014		5,370,000		5,719,469

				115,639,215

TOTAL U.S. GOVERNMENT & AGENCY
OBLIGATIONS (Cost $116,670,466)			$	120,794,200


Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


FOREIGN GOVERNMENT
OBLIGATIONS - 1.3%
Brazil - 0.8%
Federative Republic of Brazil
Zero Coupon 01/01/2015 (Z)	BRL	5,700,000		2,439,651
2.625%, 01/05/2023	$	425,000		408,000

				2,847,651
Chile - 0.1%
Republic of Chile
3.875%, 08/05/2020		450,000		496,575
Mexico - 0.2%
Government of Mexico
4.750%, 03/08/2044		554,000		574,775
Qatar - 0.2%
Government of Qatar
4.000%, 01/20/2015 (S)		800,000		843,200

TOTAL FOREIGN GOVERNMENT
OBLIGATIONS (Cost $4,808,115)			$	4,762,201


CORPORATE BONDS - 46.4%
Consumer Discretionary - 6.6%
Affinia Group, Inc.
10.750%, 08/15/2016 (S)		12,000		13,020
AMC Entertainment, Inc.
8.750%, 06/01/2019		45,000		49,388
Arcelik AS
5.000%, 04/03/2023 (S)		265,000		264,213
AutoNation, Inc.
5.500%, 02/01/2020		80,000		86,800
Autozone, Inc.
3.700%, 04/15/2022		420,000		433,700
4.000%, 11/15/2020		525,000		561,975
Buffalo Thunder Development Authority
9.375%, 12/15/2014 (H)(S)		85,000		26,350
Caesars Entertainment Operating
Company, Inc.
11.250%, 06/01/2017		25,000		26,594
CBS Corp.
3.375%, 03/01/2022		44,000		44,846
5.750%, 04/15/2020		385,000		453,550
8.875%, 05/15/2019		400,000		534,514
CCO Holdings LLC
5.250%, 09/30/2022		61,000		59,933
5.750%, 09/01/2023 (S)		20,000		20,050
6.500%, 04/30/2021		140,000		148,050
6.625%, 01/31/2022		325,000		348,563
7.375%, 06/01/2020		110,000		121,963
8.125%, 04/30/2020		10,000		11,175
Choice Hotels International, Inc.
5.700%, 08/28/2020		6,000		6,585
5.750%, 07/01/2022		120,000		133,200
Comcast Cable Communications LLC
8.500%, 05/01/2027		556,000		788,213
Comcast Corp.
4.250%, 01/15/2033		385,000		388,116
5.700%, 05/15/2018		545,000		655,685
COX Communications, Inc.
3.250%, 12/15/2022 (S)		135,000		137,247
5.875%, 12/01/2016 (S)		850,000		991,203
8.375%, 03/01/2039 (S)		150,000		222,524
CSC Holdings, Inc.
7.625%, 07/15/2018		44,000		51,040
Daimler Finance North America LLC
1.250%, 01/11/2016 (S)		380,000		381,333

209

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Consumer Discretionary (continued)
Daimler Finance North
America LLC (continued)
8.500%, 01/18/2031	$	575,000	$	891,401
DIRECTV Holdings LLC
1.750%, 01/15/2018		230,000		227,439
3.800%, 03/15/2022		760,000		777,379
5.200%, 03/15/2020		215,000		245,920
Discovery Communications LLC
3.250%, 04/01/2023		150,000		152,306
DISH DBS Corp.
5.875%, 07/15/2022		270,000		283,163
6.750%, 06/01/2021		281,000		312,261
7.875%, 09/01/2019		125,000		148,125
Ford Motor Credit Company LLC
2.375%, 01/16/2018		380,000		377,947
3.000%, 06/12/2017		385,000		395,004
3.875%, 01/15/2015		350,000		363,848
5.875%, 08/02/2021		325,000		372,002
Home Depot, Inc.
5.875%, 12/16/2036		550,000		684,639
Lamar Media Corp.
5.875%, 02/01/2022		30,000		32,475
Liberty Interactive LLC
8.250%, 02/01/2030		128,000		140,800
Limited Brands, Inc.
5.625%, 02/15/2022		235,000		249,100
6.950%, 03/01/2033		30,000		31,050
7.000%, 05/01/2020		95,000		110,200
National Cinemedia LLC
6.000%, 04/15/2022		30,000		32,175
NBCUniversal Enterprise, Inc.
1.662%, 04/15/2018 (S)		320,000		321,414
1.974%, 04/15/2019 (S)		575,000		579,038
NBCUniversal Media LLC
5.150%, 04/30/2020		500,000		592,904
6.400%, 04/30/2040		145,000		184,134
Netflix, Inc.
5.375%, 02/01/2021 (S)		80,000		79,400
News America, Inc.
6.150%, 02/15/2041		310,000		371,805
7.750%, 01/20/2024		622,000		796,405
7.850%, 03/01/2039		325,000		437,102
PulteGroup, Inc.
6.375%, 05/15/2033		20,000		20,100
PVH Corp.
4.500%, 12/15/2022		30,000		29,625
7.375%, 05/15/2020		75,000		83,625
Quebecor Media, Inc.
7.750%, 03/15/2016		41,000		41,769
QVC, Inc.
5.125%, 07/02/2022		10,000		10,600
Sally Holdings LLC
5.750%, 06/01/2022		75,000		78,281
Service Corp. International
7.625%, 10/01/2018		20,000		23,475
Sinclair Television Group, Inc.
9.250%, 11/01/2017 (S)		15,000		16,256
Sotheby’s
5.250%, 10/01/2022 (S)		105,000		106,050
Starz LLC
5.000%, 09/15/2019		30,000		30,900
TCI Communications, Inc.
8.750%, 08/01/2015		692,000		817,265


Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Consumer Discretionary (continued)
Tenneco, Inc.
6.875%, 12/15/2020	$	145,000	$	159,319
Time Warner Cable, Inc.
4.500%, 09/15/2042		945,000		860,501
5.000%, 02/01/2020		700,000		796,943
5.875%, 11/15/2040		360,000		384,425
8.250%, 02/14/2014		205,000		218,071
Time Warner, Inc.
6.100%, 07/15/2040		630,000		731,581
7.700%, 05/01/2032		1,298,000		1,771,048
TRW Automotive, Inc.
7.250%, 03/15/2017 (S)		155,000		179,219
Unitymedia Hessen GmbH &
Company KG
5.500%, 01/15/2023 (S)		200,000		205,500
7.500%, 03/15/2019 (S)		150,000		164,063
Viacom, Inc.
1.250%, 02/27/2015		315,000		317,214
4.375%, 03/15/2043 (S)		638,000		590,470
5.625%, 09/15/2019		500,000		594,996
Videotron, Ltd.
5.000%, 07/15/2022		100,000		101,500
9.125%, 04/15/2018		25,000		26,266
Wynn Las Vegas LLC
7.750%, 08/15/2020		275,000		308,344

				24,816,672
Consumer Staples - 3.2%
Altria Group, Inc.
2.850%, 08/09/2022		425,000		418,121
9.250%, 08/06/2019		122,000		170,141
9.700%, 11/10/2018		360,000		501,231
10.200%, 02/06/2039		300,000		505,603
Anheuser-Busch InBev Worldwide, Inc.
8.200%, 01/15/2039		370,000		596,013
Avon Products, Inc.
2.375%, 03/15/2016		85,000		86,101
4.600%, 03/15/2020		10,000		10,396
5.000%, 03/15/2023		40,000		41,072
Cargill, Inc.
4.307%, 05/14/2021 (S)		1,000,000		1,103,332
Coca-Cola Enterprises, Inc.
2.125%, 09/15/2015		780,000		802,218
ConAgra Foods, Inc.
1.350%, 09/10/2015		265,000		266,932
Constellation Brands, Inc.
7.250%, 09/01/2016 to 05/15/2017		320,000		367,419
CVS Caremark Corp.
6.250%, 06/01/2027		210,000		268,869
CVS Pass-Through Trust
6.943%, 01/10/2030		510,592		635,814
General Mills, Inc.
5.650%, 02/15/2019		225,000		271,002
Heineken NV
2.750%, 04/01/2023 (S)		210,000		206,387
Imperial Tobacco Finance PLC
3.500%, 02/11/2023 (S)		1,500,000		1,514,390
Kraft Foods, Inc.
6.500%, 02/09/2040		280,000		364,175
Lorillard Tobacco Company
8.125%, 06/23/2019		145,000		184,567
Molson Coors Brewing Company
3.500%, 05/01/2022		170,000		176,983

210

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Consumer Staples (continued)
Mondelez International, Inc.
6.875%, 01/26/2039	$	445,000	$	599,579
Pernod-Ricard SA
5.750%, 04/07/2021 (S)		936,000		1,112,953
SABMiller Holdings, Inc.
2.450%, 01/15/2017 (S)		760,000		791,441
Wal-Mart Stores, Inc.
6.500%, 08/15/2037		700,000		946,818

				11,941,557
Energy - 3.7%
Anadarko Petroleum Corp.
6.450%, 09/15/2036		640,000		787,746
Antero Resources Finance Corp.
9.375%, 12/01/2017		20,000		21,700
Burlington Resources Finance Company
7.400%, 12/01/2031		541,000		757,346
CONSOL Energy, Inc.
8.000%, 04/01/2017		25,000		27,000
8.250%, 04/01/2020		25,000		27,688
Continental Resources, Inc.
5.000%, 09/15/2022		180,000		191,250
Denbury Resources, Inc.
4.625%, 07/15/2023		65,000		62,725
El Paso Corp.
6.500%, 09/15/2020		265,000		292,930
7.000%, 06/15/2017		560,000		640,723
El Paso Natural Gas Company
5.950%, 04/15/2017		85,000		98,682
Energy Transfer Equity LP
7.500%, 10/15/2020		360,000		414,900
Energy Transfer Partners LP
3.600%, 02/01/2023		760,000		756,850
EP Energy LLC
6.875%, 05/01/2019		45,000		49,275
Gazprom Neft OAO
4.375%, 09/19/2022 (S)		1,175,000		1,158,844
Harvest Operations Corp.
6.875%, 10/01/2017		165,000		184,388
Hornbeck Offshore Services, Inc.
5.875%, 04/01/2020		40,000		41,400
Kinder Morgan Energy Partners LP
6.850%, 02/15/2020		595,000		746,674
Kinder Morgan Finance Company LLC
6.000%, 01/15/2018 (S)		291,000		322,161
MarkWest Energy Partners LP
5.500%, 02/15/2023		10,000		10,475
Newfield Exploration Company
5.625%, 07/01/2024		60,000		61,950
5.750%, 01/30/2022		45,000		48,150
6.875%, 02/01/2020		140,000		150,150
7.125%, 05/15/2018		130,000		135,363
Nexen, Inc.
6.200%, 07/30/2019		515,000		643,067
7.500%, 07/30/2039		125,000		182,016
Peabody Energy Corp.
6.500%, 09/15/2020		421,000		448,365
7.375%, 11/01/2016		60,000		68,400
Petrobras International Finance Company
5.375%, 01/27/2021		1,475,000		1,592,434
6.750%, 01/27/2041		196,000		221,863
Petroleos Mexicanos
5.500%, 06/27/2044 (S)		1,000,000		1,031,500


Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Energy (continued)
Pioneer Natural Resources Company
6.650%, 03/15/2017	$	115,000	$	134,996
6.875%, 05/01/2018		150,000		182,828
Range Resources Corp.
5.000%, 08/15/2022		20,000		20,400
5.750%, 06/01/2021		40,000		42,900
6.750%, 08/01/2020		25,000		27,500
Ras Laffan Liquefied Natural Gas
Company, Ltd. III
5.500%, 09/30/2014 (S)		395,000		419,688
Rosneft Oil Company
3.149%, 03/06/2017 (S)		210,000		211,050
Transocean, Inc.
2.500%, 10/15/2017		210,000		212,748
4.950%, 11/15/2015		800,000		865,589
Valero Energy Corp.
8.750%, 06/15/2030		403,000		539,844

				13,833,558
Financials - 20.6%
AIG Retirement Services, Inc.
8.125%, 04/28/2023		865,000		1,108,498
American Express Company
7.000%, 03/19/2018		1,195,000		1,492,832
American International Group, Inc.
2.375%, 08/24/2015		290,000		297,482
4.875%, 06/01/2022		330,000		373,577
5.450%, 05/18/2017		95,000		108,866
AXA Equitable Life Insurance Company
7.700%, 12/01/2015 (S)		680,000		769,589
Bank of America Corp.
2.000%, 01/11/2018		570,000		567,546
5.000%, 05/13/2021		225,000		252,358
5.625%, 07/01/2020		945,000		1,103,387
5.750%, 12/01/2017		600,000		694,283
5.875%, 01/05/2021		1,200,000		1,417,952
Bank One Michigan
8.250%, 11/01/2024		1,730,000		2,425,681
Barclays Bank PLC
6.050%, 12/04/2017 (S)		1,090,000		1,215,428
BNP Paribas SA
2.375%, 09/14/2017		1,375,000		1,395,924
Brandywine Operating Partnership LP
4.950%, 04/15/2018		400,000		441,196
5.700%, 05/01/2017		825,000		930,311
Capital One Financial Corp.
6.150%, 09/01/2016		950,000		1,092,204
CBRE Services, Inc.
5.000%, 03/15/2023		85,000		85,956
CIT Group, Inc.
5.250%, 03/15/2018		140,000		151,200
Citigroup, Inc.
2.250%, 08/07/2015		150,000		153,538
4.050%, 07/30/2022		800,000		826,995
4.500%, 01/14/2022		350,000		389,391
4.875%, 05/07/2015		614,000		654,643
5.375%, 08/09/2020		115,000		134,711
6.000%, 10/31/2033		425,000		474,587
6.125%, 11/21/2017 to 08/25/2036		2,060,000		2,413,753
8.500%, 05/22/2019		850,000		1,132,981
Credit Acceptance Corp.
9.125%, 02/01/2017		120,000		130,500
Discover Financial Services
6.450%, 06/12/2017		885,000		1,037,305

211

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
Duke Realty LP
6.750%, 03/15/2020	$	340,000	$	415,384
DuPont Fabros Technology LP
8.500%, 12/15/2017		155,000		166,625
Equity One, Inc.
6.000%, 09/15/2017		400,000		455,983
Everest Reinsurance Holdings, Inc.,
(6.600% to 05/15/2017, then 3 month
LIBOR + 2.385%)
05/15/2037		1,475,000		1,508,188
Farmers Exchange Capital
7.050%, 07/15/2028 (S)		525,000		661,748
General Electric Capital Corp.
2.300%, 04/27/2017		800,000		828,202
4.650%, 10/17/2021		2,175,000		2,436,587
5.550%, 05/04/2020		595,000		710,035
5.625%, 05/01/2018		500,000		592,002
5.875%, 01/14/2038		700,000		817,437
General Electric Capital Corp., (6.250% to
12/15/2022, then 3 month
LIBOR + 4.704%)
12/15/2022 (Q)		400,000		439,368
Hartford Financial Services Group, Inc.,
(8.125% to 06/15/2018, then 3 month
LIBOR + 4.6025%)
06/15/2038		390,000		462,638
HCP, Inc.
3.750%, 02/01/2019		155,000		167,166
5.650%, 12/15/2013		450,000		465,535
7.072%, 06/08/2015		433,000		480,145
Health Care REIT, Inc.
2.250%, 03/15/2018		215,000		217,052
4.125%, 04/01/2019		75,000		81,349
5.250%, 01/15/2022		781,000		881,650
Host Hotels & Resorts LP
6.000%, 11/01/2020		315,000		348,863
HSBC Holdings PLC
5.100%, 04/05/2021		395,000		456,686
6.800%, 06/01/2038		355,000		454,405
HSBC USA, Inc.
1.625%, 01/16/2018		240,000		239,887
2.375%, 02/13/2015		560,000		576,195
9.500%, 04/15/2014		865,000		933,847
ING US, Inc.
5.500%, 07/15/2022 (S)		120,000		132,855
International Lease Finance Corp.
5.650%, 06/01/2014		110,000		114,813
5.750%, 05/15/2016		450,000		486,042
5.875%, 04/01/2019		615,000		664,632
6.250%, 05/15/2019		50,000		54,750
6.500%, 09/01/2014 (S)		20,000		21,300
6.625%, 11/15/2013		25,000		25,750
6.750%, 09/01/2016 (S)		25,000		28,250
7.125%, 09/01/2018 (S)		20,000		23,500
8.625%, 09/15/2015		25,000		28,438
Jackson National Life Insurance Company
8.150%, 03/15/2027 (S)		648,000		855,103
JPMorgan Chase & Company
3.250%, 09/23/2022		175,000		174,857
4.250%, 10/15/2020		225,000		247,018
4.350%, 08/15/2021		890,000		982,451
6.000%, 01/15/2018		600,000		713,314
6.300%, 04/23/2019		180,000		219,968


Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
Kimco Realty Corp.
5.584%, 11/23/2015	$	410,000	$	455,472
6.875%, 10/01/2019		560,000		710,063
Liberty Property LP
3.375%, 06/15/2023		180,000		178,841
4.125%, 06/15/2022		150,000		158,686
6.625%, 10/01/2017		210,000		249,312
Lloyds TSB Bank PLC
6.500%, 09/14/2020 (S)		100,000		112,198
Massachusetts Mutual Life Insurance
Company
8.875%, 06/01/2039 (S)		550,000		851,423
Merrill Lynch & Company, Inc.
6.400%, 08/28/2017		1,500,000		1,761,227
7.750%, 05/14/2038		1,175,000		1,568,223
Metropolitan Life Global Funding I
3.125%, 01/11/2016 (S)		1,050,000		1,110,816
5.125%, 04/10/2013 (S)		535,000		535,503
Morgan Stanley
3.750%, 02/25/2023		145,000		146,672
4.875%, 11/01/2022		736,000		780,781
5.500%, 07/24/2020		250,000		288,074
5.550%, 04/27/2017		655,000		740,855
6.250%, 08/28/2017		1,120,000		1,303,950
6.375%, 07/24/2042		415,000		499,401
6.625%, 04/01/2018		1,225,000		1,465,003
Nationwide Mutual Insurance Company
8.250%, 12/01/2031 (S)		615,000		800,503
9.375%, 08/15/2039 (S)		250,000		362,366
Nordea Bank AB
4.875%, 05/13/2021 (S)		575,000		622,787
PNC Funding Corp.
5.625%, 02/01/2017		1,100,000		1,256,901
Principal Life Global Funding I
6.125%, 10/15/2033 (S)		497,000		595,585
ProLogis LP
6.125%, 12/01/2016		505,000		581,047
7.500%, 06/30/2018		364,000		447,542
Provident Funding Associates LP
10.250%, 04/15/2017 (S)		80,000		89,200
Realty Income Corp.
3.250%, 10/15/2022		245,000		240,069
6.750%, 08/15/2019		410,000		507,464
Royal Bank of Scotland Group PLC
2.550%, 09/18/2015		550,000		565,284
6.125%, 12/15/2022		310,000		320,843
SLM Corp.
4.625%, 09/25/2017		225,000		233,813
6.000%, 01/25/2017		85,000		92,438
6.250%, 01/25/2016		936,000		1,022,639
7.250%, 01/25/2022		55,000		61,463
8.000%, 03/25/2020		10,000		11,600
8.450%, 06/15/2018		150,000		177,750
Sovereign Bank
8.750%, 05/30/2018		250,000		302,305
Sun Canada Financial Company
7.250%, 12/15/2015 (S)		1,471,000		1,633,548
SunTrust Banks, Inc.
3.600%, 04/15/2016		705,000		755,011
The Bear Stearns Companies LLC
6.400%, 10/02/2017		85,000		101,514
7.250%, 02/01/2018		230,000		285,957

212

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
The Goldman Sachs Group, Inc.
5.250%, 07/27/2021	$	410,000	$	464,844
5.375%, 03/15/2020		180,000		205,182
5.750%, 01/24/2022		1,700,000		1,977,887
6.150%, 04/01/2018		150,000		176,832
6.750%, 10/01/2037		1,700,000		1,907,643
7.500%, 02/15/2019		126,000		157,712
UBS AG
7.625%, 08/17/2022		485,000		542,301
UDR, Inc.
6.050%, 06/01/2013		500,000		504,230
US Bancorp
7.500%, 06/01/2026		1,024,000		1,433,035
Ventas Realty LP
2.000%, 02/15/2018		275,000		276,684
2.700%, 04/01/2020		295,000		296,216
4.750%, 06/01/2021		575,000		639,403
Wachovia Bank NA
6.919%, 12/15/2036		500,000		651,595
Wells Fargo & Company
3.450%, 02/13/2023		350,000		352,616
3.676%, 06/15/2016		700,000		756,988
Wells Fargo & Company, Series K (7.980%
to 03/15/2018, then 3 month
LIBOR + 3.770%)
03/15/2018 (Q)		70,000		80,763
Weyerhaeuser Company
7.950%, 03/15/2025		260,000		340,787

				77,591,539
Health Care - 2.7%
AbbVie, Inc.
1.750%, 11/06/2017 (S)		700,000		708,825
2.000%, 11/06/2018 (S)		795,000		804,901
2.900%, 11/06/2022 (S)		365,000		365,603
Alere, Inc.
9.000%, 05/15/2016		35,000		36,794
AmerisourceBergen Corp.
5.875%, 09/15/2015		1,260,000		1,411,030
Amgen, Inc.
5.150%, 11/15/2041		105,000		112,857
6.400%, 02/01/2039		345,000		429,225
6.900%, 06/01/2038		205,000		271,161
Bio-Rad Laboratories, Inc.
8.000%, 09/15/2016		15,000		15,985
BioScrip, Inc.
10.250%, 10/01/2015		15,000		15,825
Community Health Systems, Inc.
5.125%, 08/15/2018		306,000		320,535
Express Scripts Holding Company
2.100%, 02/12/2015		1,575,000		1,608,982
Fresenius Medical Care US Finance II, Inc.
5.625%, 07/31/2019 (S)		15,000		16,463
5.875%, 01/31/2022 (S)		11,000		12,279
Fresenius Medical Care US Finance, Inc.
6.500%, 09/15/2018 (S)		10,000		11,400
Fresenius US Finance II, Inc.
9.000%, 07/15/2015 (S)		45,000		51,525
HCA, Inc.
5.875%, 03/15/2022		150,000		161,625
6.375%, 01/15/2015		15,000		16,069
6.500%, 02/15/2020		365,000		411,766
8.500%, 04/15/2019		125,000		137,969


Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Health Care (continued)
Hologic, Inc.
6.250%, 08/01/2020	$	10,000	$	10,638
Pfizer, Inc.
6.200%, 03/15/2019		680,000		853,994
Roche Holdings, Inc.
6.000%, 03/01/2019 (S)		300,000		373,301
WellPoint, Inc.
4.650%, 01/15/2043		720,000		721,074
5.850%, 01/15/2036		400,000		472,680
7.000%, 02/15/2019		485,000		606,844
Zoetis, Inc.
3.250%, 02/01/2023 (S)		170,000		172,521

				10,131,871
Industrials - 2.4%
Air Lease Corp.
4.500%, 01/15/2016		105,000		108,938
4.750%, 03/01/2020		45,000		46,125
BE Aerospace, Inc.
5.250%, 04/01/2022		236,000		243,375
6.875%, 10/01/2020		50,000		55,313
Bombardier, Inc.
7.500%, 03/15/2018 (S)		145,000		165,481
7.750%, 03/15/2020 (S)		75,000		86,250
Case New Holland, Inc.
7.750%, 09/01/2013		35,000		35,840
7.875%, 12/01/2017		420,000		491,400
Clean Harbors, Inc.
5.125%, 06/01/2021 (S)		20,000		20,475
5.250%, 08/01/2020		66,000		68,145
CNH America LLC
7.250%, 01/15/2016		30,000		33,525
Continental Airlines 1997-4 Class A Pass
Through Trust
6.900%, 01/02/2018		186,297		202,133
Continental Airlines 1998-1 Class A Pass
Through Trust
6.648%, 09/15/2017		255,525		272,773
Continental Airlines 2007-1 Class A Pass
Through Trust
5.983%, 04/19/2022		13,419		15,264
Continental Airlines 2007-1 Class B Pass
Through Trust
6.903%, 04/19/2022		4,720		5,077
Continental Airlines 2012-2 Class A Pass
Through Trust
4.000%, 10/29/2024		680,000		707,200
Crown Americas LLC
6.250%, 02/01/2021		235,000		256,738
Deluxe Corp.
6.000%, 11/15/2020 (S)		55,000		56,375
7.000%, 03/15/2019		45,000		48,825
ERAC USA Finance LLC
5.250%, 10/01/2020 (S)		1,200,000		1,393,991
Esterline Technologies Corp.
7.000%, 08/01/2020		45,000		49,669
Huntington Ingalls Industries, Inc.
6.875%, 03/15/2018		16,000		17,400
7.125%, 03/15/2021		161,000		175,088
Hutchison Whampoa International 11, Ltd.
3.500%, 01/13/2017 (S)		1,060,000		1,128,907
Hutchison Whampoa International
12 II, Ltd.
2.000%, 11/08/2017 (S)		615,000		620,264

213

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Industrials (continued)
Marquette Transportation Company
10.875%, 01/15/2017	$	30,000	$	32,100
Masco Corp.
6.500%, 08/15/2032		110,000		112,196
7.125%, 03/15/2020		125,000		146,001
7.750%, 08/01/2029		130,000		146,480
Meritor, Inc.
8.125%, 09/15/2015		25,000		26,438
10.625%, 03/15/2018		30,000		32,363
Owens Corning
9.000%, 06/15/2019		15,000		19,228
Penske Truck Leasing Company LP
2.875%, 07/17/2018 (S)		960,000		979,385
Southwest Airlines Company 2007-1 Pass
Through Trust
6.150%, 08/01/2022		599,239		707,103
United Rentals North America, Inc.
5.750%, 07/15/2018		25,000		27,094
US Airways 2010-1 Class A Pass
Through Trust
6.250%, 04/22/2023		67,737		75,188
Waste Management, Inc.
6.375%, 03/11/2015		375,000		414,249

				9,022,396
Information Technology - 1.0%
Anixter, Inc.
5.625%, 05/01/2019		30,000		31,875
Audatex North America, Inc.
6.750%, 06/15/2018 (S)		50,000		53,625
Brocade Communications Systems, Inc.
4.625%, 01/15/2023 (S)		50,000		48,375
Equinix, Inc.
4.875%, 04/01/2020		10,000		10,075
5.375%, 04/01/2023		70,000		70,875
8.125%, 03/01/2018		45,000		49,725
Fidelity National Information Services, Inc.
5.000%, 03/15/2022		135,000		143,269
7.625%, 07/15/2017		15,000		16,050
Flextronics International, Ltd.
4.625%, 02/15/2020 (S)		35,000		35,350
5.000%, 02/15/2023 (S)		50,000		49,875
Hewlett-Packard Company
2.600%, 09/15/2017		1,025,000		1,033,380
2.650%, 06/01/2016		275,000		280,522
4.750%, 06/02/2014		321,000		335,288
Hughes Satellite Systems Corp.
6.500%, 06/15/2019		80,000		87,800
IAC/InterActiveCorp.
4.750%, 12/15/2022 (S)		40,000		39,100
Jabil Circuit, Inc.
5.625%, 12/15/2020		35,000		37,100
NCR Corp.
4.625%, 02/15/2021 (S)		170,000		169,150
5.000%, 07/15/2022 (S)		20,000		20,050
Seagate HDD Cayman
6.875%, 05/01/2020		110,000		118,250
7.000%, 11/01/2021		310,000		336,350
TSMC Global Ltd.
1.625%, 04/03/2018 (S)		925,000		924,380

				3,890,464


Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Materials - 1.2%
Agrium, Inc.
7.125%, 05/23/2036	$	475,000	$	588,367
Ashland, Inc.
4.750%, 08/15/2022 (S)		55,000		55,963
Ball Corp.
5.000%, 03/15/2022		70,000		72,800
6.750%, 09/15/2020		80,000		88,200
Celanese US Holdings LLC
6.625%, 10/15/2018		30,000		32,438
CF Industries, Inc.
7.125%, 05/01/2020		45,000		55,784
Clearwater Paper Corp.
4.500%, 02/01/2023 (S)		15,000		14,700
7.125%, 11/01/2018		40,000		43,500
Crown Americas LLC
4.500%, 01/15/2023 (S)		10,000		9,700
Eldorado Gold Corp.
6.125%, 12/15/2020 (S)		35,000		36,313
Fibria Overseas Finance, Ltd.
7.500%, 05/04/2020 (S)		300,000		333,900
FMG Resources August 2006 Pty, Ltd.
6.000%, 04/01/2017 (S)		105,000		107,888
Freeport-McMoRan Copper & Gold, Inc.
3.875%, 03/15/2023 (S)		1,100,000		1,103,980
Neenah Paper, Inc.
7.375%, 11/15/2014		12,000		12,030
Nufarm Australia, Ltd.
6.375%, 10/15/2019 (S)		35,000		35,875
Owens-Brockway Glass Container, Inc.
7.375%, 05/15/2016		240,000		276,000
PH Glatfelter Company
5.375%, 10/15/2020		76,000		79,610
Rock Tenn Co
3.500%, 03/01/2020		15,000		15,404
Rock-Tenn Company
4.000%, 03/01/2023		105,000		106,888
Silgan Holdings, Inc.
5.000%, 04/01/2020		305,000		313,388
The Dow Chemical Company
4.250%, 11/15/2020		200,000		219,763
5.900%, 02/15/2015		700,000		765,100
Vale Canada, Ltd.
5.700%, 10/15/2015		217,000		235,915
Vulcan Materials Company
7.150%, 11/30/2037		15,000		15,338
7.500%, 06/15/2021		25,000		29,438

				4,648,282
Telecommunication Services - 2.2%
Ameritech Capital Funding Corp.
6.450%, 01/15/2018		952,000		1,126,865
AT&T, Inc.
6.300%, 01/15/2038		1,175,000		1,411,566
eAccess, Ltd.
8.250%, 04/01/2018 (S)		25,000		27,688
Frontier Communications Corp.
8.250%, 04/15/2017		115,000		134,550
GTE Corp.
8.750%, 11/01/2021		515,000		705,094
Intelsat Jackson Holdings SA
8.500%, 11/01/2019		25,000		28,031
SBA Telecommunications, Inc.
5.750%, 07/15/2020 (S)		21,000		21,840

214

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Telecommunication Services (continued)
SBA Tower Trust
2.933%, 12/15/2017 (S)	$	520,000	$	543,298
Sprint Nextel Corp.
7.000%, 03/01/2020 (S)		75,000		87,375
9.000%, 11/15/2018 (S)		80,000		98,900
Telecom Italia Capital SA
5.250%, 11/15/2013		250,000		255,215
Telefonica Emisiones SAU
7.045%, 06/20/2036		375,000		403,083
tw telecom holdings, Inc.
5.375%, 10/01/2022		30,000		31,275
UPCB Finance VI, Ltd.
6.875%, 01/15/2022 (S)		150,000		163,125
Verizon Communications, Inc.
2.450%, 11/01/2022		235,000		222,423
Verizon Wireless Capital LLC
5.550%, 02/01/2014		1,295,000		1,345,667
VimpelCom Holdings BV
5.950%, 02/13/2023 (S)		365,000		362,719
Vivendi SA
2.400%, 04/10/2015 (S)		370,000		377,297
Wind Acquisition Finance SA
7.250%, 02/15/2018 (S)		215,000		223,331
Windstream Corp.
6.375%, 08/01/2023 (S)		15,000		14,888
7.875%, 11/01/2017		365,000		417,013
8.125%, 09/01/2018		60,000		65,700

				8,066,943
Utilities - 2.8%
AmeriGas Finance LLC
6.750%, 05/20/2020		145,000		157,688
7.000%, 05/20/2022		25,000		27,188
AmeriGas Partners LP
6.500%, 05/20/2021		65,000		69,225
Calpine Corp.
7.500%, 02/15/2021		163,660		179,617
CenterPoint Energy Resources Corp.
6.125%, 11/01/2017		400,000		475,784
CenterPoint Energy, Inc.
6.500%, 05/01/2018		165,000		201,616
Commonwealth Edison Company
5.950%, 08/15/2016		400,000		464,791
Dominion Resources, Inc.
6.400%, 06/15/2018		870,000		1,075,337
7.000%, 06/15/2038		425,000		590,683
DPL, Inc.
7.250%, 10/15/2021		355,000		376,300
Duke Energy Corp.
5.650%, 06/15/2013		1,300,000		1,313,339
Edison International
3.750%, 09/15/2017		495,000		539,532
EDP Finance BV
4.900%, 10/01/2019 (S)		110,000		110,550
Ferrellgas LP
6.500%, 05/01/2021		175,000		180,688
Ipalco Enterprises, Inc.
7.250%, 04/01/2016 (S)		15,000		16,838
Nevada Power Company
7.125%, 03/15/2019		425,000		549,508
Ohio Edison Company
6.875%, 07/15/2036		450,000		578,592
Oncor Electric Delivery Company LLC
7.500%, 09/01/2038		395,000		552,883


Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Utilities (continued)
Progress Energy, Inc.
7.000%, 10/30/2031	$	270,000	$	351,572
Puget Sound Energy, Inc.
5.757%, 10/01/2039		440,000		558,069
7.000%, 03/09/2029		346,000		435,944
Sierra Pacific Power Company
6.000%, 05/15/2016		425,000		490,453
Southern California Edison Company
6.000%, 01/15/2034		519,000		671,540
The AES Corp.
8.000%, 06/01/2020		175,000		207,375
Wisconsin Energy Corp.
6.200%, 04/01/2033		217,000		279,158

				10,454,270

TOTAL CORPORATE BONDS (Cost $158,458,684)			$	174,397,552


CAPITAL PREFERRED SECURITIES - 0.3%
Financials - 0.3%
ACE Capital Trust II , 9.700%, 04/01/2030		752,000		1,094,160

TOTAL CAPITAL PREFERRED SECURITIES (Cost $983,305)			$	1,094,160


CONVERTIBLE BONDS - 0.0%
Energy - 0.0%
Chesapeake Energy Corp.
2.500%, 05/15/2037		90,000		86,231

TOTAL CONVERTIBLE BONDS (Cost $82,654)			$	86,231


MUNICIPAL BONDS - 3.5%
Bay Area Toll Authority (California)
6.263%, 04/01/2049		340,000		463,060
City of Chicago (Illinois)
6.845%, 01/01/2038		290,000		336,180
Illinois State Toll Highway Authority
6.184%, 01/01/2034		945,000		1,198,373
Los Angeles Unified School District
(California) 5.750%, 07/01/2034		1,000,000		1,226,030
Louisiana Local Government
Environmental Facilities & Communities
Development Authority
2.470%, 02/01/2019		1,475,000		1,491,904
Maryland State Transportation Authority
5.888%, 07/01/2043		290,000		381,855
New Jersey State Turnpike Authority
7.414%, 01/01/2040		865,000		1,263,609
North Texas Tollway Authority
6.718%, 01/01/2049		705,000		957,876
Port Authority of New York & New Jersey
6.040%, 12/01/2029		400,000		519,776
State of California
7.550%, 04/01/2039		650,000		939,120
7.300%, 10/01/2039		925,000		1,289,126
7.600%, 11/01/2040		75,000		109,499
State of Illinois, GO 5.665%, 03/01/2018		825,000		943,297
The Ohio State University
4.800%, 06/01/2111		186,000		198,231
University of California
5.770%, 05/15/2043		660,000		796,838
University of Missouri 5.960%, 11/01/2039		940,000		1,218,635

TOTAL MUNICIPAL BONDS (Cost $10,605,652)			$	13,333,409

215

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS - 6.9%
Commercial & Residential - 6.9%
Alternative Loan Trust, Series 2005-56,
Class 5A1 0.524%, 11/25/2035 (P)	$	122,516	$	92,506
Banc of America Merrill Lynch
Commercial Mortgage, Inc.,
Series 2007-4, Class A4
5.754%, 02/10/2051 (P)		1,030,000		1,194,770
BB-UBS Trust 2012-SHOW
3.430%, 11/05/2036 (S)		605,000		608,802
Bear Stearns Commercial
Mortgage Securities
Series 2006-PW14, Class A4,
5.201%, 12/11/2038		1,210,000		1,362,357
Series 2007-T26, Class A4,
5.471%, 01/12/2045 (P)		335,000		385,755
Series 2007-PW16, Class A4,
5.715%, 06/11/2040 (P)		1,030,000		1,200,076
Citigroup/Deutsche Bank
Commercial Mortgage Trust
Series 2007-CD4, Class A4,
5.322%, 12/11/2049		655,000		744,666
Series 2007-CD4, Class AJ,
5.398%, 12/11/2049 (P)		360,000		218,979
Commercial Mortgage Pass
Through Certificates
Series 2013-WWP, Class A2,
3.424%, 03/10/2031 (S)		920,000		943,000
Series 2012-CR5, Class F,
4.335%, 12/10/2045 (P)(S)		375,000		274,277
Series 2012-CR3, Class F,
4.750%, 11/15/2045 (P)(S)		235,085		189,474
Series 2006-C7, Class A4,
5.748%, 06/10/2046 (P)		500,000		562,411
Credit Suisse Mortgage Capital
Certificates, Series 2006-C4, Class A3
5.467%, 09/15/2039		611,770		685,445
DBUBS Mortgage Trust,
Series 2011-LC1A, Class A3
5.002%, 11/10/2046 (S)		490,000		577,220
General Electric Capital Assurance
Company, Series 2003-1, Class A5
5.743%, 05/12/2035 (P)(S)		570,725		685,677
GS Mortgage Securities Corp. II
Series 2012-BWTR, Class A,
2.954%, 11/05/2034 (S)		335,000		334,068
Series 2012-ALOH, Class A,
3.551%, 04/10/2034 (S)		950,000		999,741
Series 2012-GCJ9, Class D,
4.858%, 11/10/2045 (P)(S)		300,000		284,872
GS Mortgage Securities Corp. Trust,
Series 2012-SHOP, Class A
2.933%, 06/05/2031 (S)		805,000		841,157
Harborview Mortgage Loan Trust
Series 2006-12, Class 2A2A,
0.393%, 01/19/2038 (P)		194,857		154,749
Series 2005-8, Class 1A2A,
0.533%, 09/19/2035 (P)		106,503		82,417
Indymac Indx Mortgage Loan Trust,
Series 2006-AR8, Class A4A
0.604%, 07/25/2046 (P)		331,256		148,557


Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial & Residential (continued)
JPMorgan Chase Commercial
Mortgage Securities Corp.
Series 2012-C8, Class F,
2.753%, 10/15/2045 (P)(S)	$	195,775	$	122,944
Series 2012-WLDN, Class A,
3.905%, 05/05/2030 (S)		895,000		955,872
Series 2006-CB14, Class A4,
5.481%, 12/12/2044 (P)		1,500,000		1,652,121
LB-UBS Commercial Mortgage Trust
Series 2007-C2, Class A3,
5.430%, 02/15/2040		1,015,000		1,143,984
Series 2006-C4, Class A4,
5.866%, 06/15/2038 (P)		1,030,000		1,168,363
Merrill Lynch Mortgage Trust,
Series 2006-C1, Class A4
5.686%, 05/12/2039 (P)		500,000		565,754
Morgan Stanley Capital I
Series 2011-C2, Class A4,
4.661%, 06/15/2044 (S)		895,000		1,035,563
Series 2011, Class C10,
5.033%, 09/15/2047 (P)(S)		935,000		1,106,668
Series 2007-T27, Class A4,
5.651%, 06/11/2042 (P)		150,000		175,523
Morgan Stanley Capital I Trust,
Series 2008-T29, Class A4
6.275%, 01/11/2043 (P)		260,000		313,850
OBP Depositor LLC Trust,
Series 2010-OBP, Class A
4.646%, 07/15/2045 (S)		646,000		744,001
RALI Series Trust, Series 2007-QH9,
Class A1 2.994%, 11/25/2037 (P)		261,725		137,413
Residential Asset Securitization Trust,
Series 2005-A2, Class A2
0.654%, 03/25/2035 (P)		96,830		74,352
Structured Asset Mortgage
Investments II Trust, Series 2006-AR5,
Class 4A1 0.424%, 05/25/2046 (P)		122,265		67,356
UBS-Barclays Commercial Mortgage Trust
Series 2013-C5, Class A4,
3.185%, 03/10/2046		980,000		1,005,943
Series 2012-C2, Class A4,
3.525%, 05/10/2063		985,000		1,041,516
Series 2012-C3, Class E,
4.959%, 08/10/2049 (P)(S)		410,000		331,257
WF-RBS Commercial Mortgage Trust
Series 2012-C10, Class A3,
2.875%, 12/15/2045		140,000		141,119
Series 2013-C11, Class E,
4.186%, 03/15/2045 (P)(S)		220,000		167,442
Series 2012-C10, Class E,
4.462%, 12/15/2045 (P)(S)		280,000		216,008
Series 2011-C2, Series A4,
4.869%, 02/15/2044 (P)(S)		585,000		680,601
Series 2011-C4, Class A4,
4.902%, 06/15/2044 (P)(S)		245,000		285,975
Series 2011-C4, Class F,
5.000%, 06/15/2044 (P)(S)		265,000		224,076

216

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
U.S. Government Agency - 0.0%
Government National Mortgage
Association, Series 2006-38, Class XS
IO 7.047%, 09/16/2035	$	226,734	$	50,116

TOTAL COLLATERALIZED MORTGAGE
OBLIGATIONS (Cost $25,313,118)			$	25,978,793


ASSET BACKED SECURITIES - 3.3%
ABFC Trust, Series 2006-HE1, Class A2D
0.424%, 01/25/2037 (P)		672,568		365,702
Ally Master Owner Trust
Series 2011-4, Class A2,
1.540%, 09/15/2016		1,335,000		1,352,797
Series 2010-3, Class B,
3.470%, 04/15/2015 (S)		675,000		675,557
Bank of America Auto Trust,
Series 2010-2, Class A4
1.940%, 06/15/2017		708,463		713,070
CAL Funding II, Ltd., Series 2012-1A,
Class A 3.470%, 10/25/2027 (S)		191,667		194,628
CarNow Auto Receivables Trust,
Series 2012-1A, Class A
2.090%, 01/15/2015 (S)		51,821		51,839
CPS Auto Trust, Series 2012-C, Class A
1.820%, 12/16/2019 (S)		326,020		327,545
Credit Acceptance Auto Loan Trust,
Series 2012-1A, Class B
3.120%, 03/16/2020 (S)		445,000		448,115
First Investors Auto Owner Trust,
Series 2012-1A, Class A2
1.960%, 11/15/2017 (S)		298,362		301,218
Ford Credit Auto Lease Trust,
Series 2012-A, Class B
1.610%, 10/15/2016 (S)		885,000		891,579
GSAA Home Equity Trust
Series 2006-20, Class 2A1A,
0.254%, 12/25/2046 (P)		600,826		367,439
Series 2007-1, Class 1A1,
0.284%, 02/25/2037 (P)		39,036		20,388
Series 2007-4, Class A1,
0.304%, 03/25/2037 (P)		124,285		62,067
Series 2006-11, Class 2A2,
0.364%, 07/25/2036 (P)		599,848		300,920
Series 2007-3, Class 1A2,
0.374%, 03/25/2047 (P)		885,942		428,589
GSAMP Trust
Series 2007-FM2, Class A2B,
0.294%, 01/25/2037 (P)		953,326		512,495
Series 2007-NC1, Class A2B,
0.304%, 12/25/2046 (P)		239,027		125,581
Hertz Vehicle Financing LLC
Series 2010-1A, Class A2,
3.740%, 02/25/2017 (S)		1,095,000		1,175,501
Series 2009-2A, Class A1,
4.260%, 03/25/2014 (S)		47,500		47,613
Huntington Auto Trust, Series 2012-1,
Class B 1.710%, 08/15/2017		291,000		296,144
LCM LP, Series 8A, Class A
1.905%, 01/14/2021 (P)(S)		1,100,000		1,100,179
Massachusetts RRB Special Purpose Trust,
Series 2001-1, Class A
6.530%, 06/01/2015		25,866		26,147


Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


ASSET BACKED SECURITIES (continued)
Prestige Auto Receivables Trust,
Series 2012-1, Class B
2.490%, 04/16/2018 (S)	$	336,000	$	340,432
Santander Drive Auto Receivables Trust
Series 2012-5, Class B,
1.560%, 08/15/2018		550,000		555,371
Series 2011-1, Class B,
2.350%, 11/16/2015		945,000		958,099
Series 2010-2, Class C,
3.890%, 07/17/2017		475,000		489,963
SNAAC Auto Receivables Trust,
Series 2012-1A, Class A
1.780%, 06/15/2016 (S)		152,058		152,930
Volvo Financial Equipment LLC,
Series 2012-1A, Class B
1.510%, 08/15/2017 (S)		176,000		177,611

TOTAL ASSET BACKED SECURITIES (Cost $12,192,542)			$	12,459,519


PREFERRED SECURITIES - 0.3%
Financials - 0.3%
Citigroup Capital XIII (7.875% to
10/30/2015, then 3 month
LIBOR + 6.370%) 10/30/2040		33,000	$	943,470

TOTAL PREFERRED SECURITIES (Cost $924,000)			$	943,470


SHORT-TERM INVESTMENTS - 3.5%
Repurchase Agreement - 3.5%
Deutsche Bank Tri-Party Repurchase
Agreement dated 03/28/2013 at 0.250%
to be repurchased at $13,100,364 on
04/01/2013, collateralized by
$12,158,167 Government National
Mortgage Association, 3.500%-4.500%
due 01/20/2040 to 03/20/2042 (valued at
$13,362,000, including interest)	$	13,100,000	$	13,100,000

TOTAL SHORT-TERM INVESTMENTS (Cost $13,100,000)			$	13,100,000

Total Investments (Investment Quality Bond Trust)
(Cost $343,138,536) - 97.6%			$	366,949,535
Other assets and liabilities, net - 2.4%				9,182,729

TOTAL NET ASSETS - 100.0%			$	376,132,264


Lifestyle Aggressive Trust
	Shares or
	Principal
	Amount		Value


AFFILIATED INVESTMENT COMPANIES - 100.0%
Equity - 100.0%

John Hancock Variable Insurance Trust (G)
All Cap Core, Series NAV (QS Investors)	615,260	$	13,185,013
All Cap Value, Series NAV (Lord Abbett)	1,877,945		17,859,252
Alpha Opportunities, Series NAV (Wellington)	2,172,024		32,254,556
Blue Chip Growth, Series NAV (T. Rowe Price)	1,323,365		34,711,855
Capital Appreciation Value, Series NAV (T.
Rowe Price)	632,256		7,985,389
Capital Appreciation, Series NAV (Jennison)	2,338,443		28,762,843
Emerging Markets Value, Series NAV (DFA)	4,017,310		42,623,662
Equity-Income, Series NAV (T. Rowe Price)	1,641,416		28,281,605

217

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Lifestyle Aggressive Trust (continued)
	Shares or
	Principal
	Amount		Value


John Hancock Variable Insurance Trust (G) (continued)
Fundamental Large Cap Value, Series NAV
(John Hancock) (A)(1)	1,320,734	$	17,750,669
Fundamental Value, Series NAV (Davis)	1,627,364		27,502,457
Growth Equity, Series NAV (Rainier)	1,303,395		17,973,822
Heritage, Series NAV (American Century)	334,911		4,219,884
International Core, Series NAV (GMO)	1,860,708		18,346,578
International Growth Opportunities,
Series NAV (Baillie)	579,761		6,771,610
International Growth Stock,
Series NAV (Invesco)	916,395		13,608,464
International Small Company,
Series NAV (DFA)	884,045		9,583,052
International Value, Series NAV (Franklin)	1,628,102		19,293,012
Mid Cap Stock, Series NAV (Wellington) (I)	646,010		11,247,026
Mid Cap Value Equity, Series NAV (Columbia)	178,100		2,249,405
Mid Value, Series NAV (T. Rowe Price)	656,952		8,435,270
Mutual Shares, Series NAV (Franklin)	902,738		10,787,716
Natural Resources, Series NAV
(RS Investments/Wellington)	1,375,579		14,030,906
Real Estate Securities, Series NAV (Deutsche)	604,679		8,997,621
Small Cap Growth, Series NAV (Wellington)	317,115		3,374,108
Small Cap Opportunities,
Series NAV (DFA/Invesco) (I)	233,845		5,848,454
Small Cap Value, Series NAV (Wellington)	155,593		3,598,866
Small Company Growth,
Series NAV (Invesco) (I)	108,510		2,249,405
Small Company Value, Series NAV (T.
Rowe Price)	185,277		4,040,893
Smaller Company Growth, Series NAV
(Frontier/John Hancock/Perimeter) (A)(2)	115,236		2,249,405
U.S. Equity, Series NAV (GMO)	1,735,636		27,145,351
Value, Series NAV (Invesco)	193,041		4,219,884
Total Investments (Lifestyle Aggressive Trust)
(Cost $374,109,039) - 100.0%		$	449,188,033
Other assets and liabilities, net - 0.0%			(23,349)

TOTAL NET ASSETS - 100.0%		$	449,164,684


Lifestyle Balanced Trust
	Shares or
	Principal
	Amount		Value


AFFILIATED INVESTMENT COMPANIES - 100.0%
Equity - 51.7%

John Hancock Variable Insurance Trust (G)
All Cap Core, Series NAV (QS Investors)	5,604,584	$	120,106,242
All Cap Value, Series NAV (Lord Abbett)	15,786,835		150,132,803
Alpha Opportunities, Series NAV (Wellington)	20,219,906		300,265,606
Blue Chip Growth, Series NAV (T. Rowe Price)	10,287,542		269,842,237
Capital Appreciation, Series NAV (Jennison)	17,088,287		210,185,924
Emerging Markets Value, Series NAV (DFA)	35,969,864		381,640,260
Equity-Income, Series NAV (T. Rowe Price)	19,169,598		330,292,166
Fundamental Large Cap Value, Series NAV
(John Hancock) (A)(1)	11,119,586		149,447,230
Fundamental Value, Series NAV (Davis)	17,739,139		299,791,455
Growth Equity, Series NAV (Rainier)	10,878,232		150,010,818
Heritage, Series NAV (American Century)	4,965,246		62,562,095
International Core, Series NAV (GMO)	21,204,190		209,073,314
International Growth Opportunities,
Series NAV (Baillie)	6,778,424		79,171,989


Lifestyle Balanced Trust (continued)
	Shares or
	Principal
	Amount		Value


John Hancock Variable Insurance Trust (G) (continued)
International Growth Stock,
Series NAV (Invesco)	10,640,711	$	158,014,558
International Value, Series NAV (Franklin)	18,477,476		218,958,089
Mid Cap Stock, Series NAV (Wellington) (I)	5,367,382		93,446,112
Mid Cap Value Equity, Series NAV (Columbia)	4,953,358		62,560,907
Mid Value, Series NAV (T. Rowe Price)	7,296,109		93,682,045
Small Cap Growth, Series NAV (Wellington)	4,091,612		43,534,750
Small Cap Value, Series NAV (Wellington)	2,416,372		55,890,691
Small Company Growth,
Series NAV (Invesco) (I)	1,805,106		37,419,853
Small Company Value, Series NAV (T.
Rowe Price)	3,126,030		68,178,719
Smaller Company Growth, Series NAV
(Frontier/John Hancock/Perimeter) (A)(2)	2,238,326		43,692,115
Strategic Equity Allocation, Series NAV
(John Hancock) (A)(2)	167,738,162		2,428,848,586
U.S. Equity, Series NAV (GMO)	15,358,855		240,212,485
Fixed Income - 48.3%

John Hancock Variable Insurance Trust (G)
Bond Trust, Series NAV (John Hancock) (A)(1)	177,139,997		2,487,045,563
Core Bond, Series NAV (Wells Capital)	51,033,335		709,363,353
Global Bond, Series NAV (PIMCO)	19,164,804		246,842,675
New Income, Series NAV (T. Rowe Price)	85,257,572		1,179,112,225
Short Term Government Income, Series NAV
(John Hancock) (A)(1)	9,334,180		120,317,574
Total Return, Series NAV (PIMCO)	75,555,842		1,112,937,560
Total Investments (Lifestyle Balanced Trust)
(Cost $10,401,472,887) - 100.0%		$	12,112,579,999
Other assets and liabilities, net - 0.0%			(150,950)

TOTAL NET ASSETS - 100.0%		$	12,112,429,049


Lifestyle Balanced PS Series
	Shares or
	Principal
	Amount		Value


AFFILIATED INVESTMENT COMPANIES - 100.0%
Equity - 50.6%

John Hancock Variable Insurance Trust (G)
All Cap Core, Series NAV (QS Investors)	81,177	$	1,739,627
All Cap Value, Series NAV (Lord Abbett)	235,397		2,238,627
Alpha Opportunities, Series NAV (Wellington)	292,155		4,338,503
Blue Chip Growth, Series NAV (T. Rowe Price)	153,819		4,034,678
Capital Appreciation, Series NAV (Jennison)	255,992		3,148,696
Emerging Markets Value, Series NAV (DFA)	488,916		5,187,401
Equity-Income, Series NAV (T. Rowe Price)	287,929		4,961,015
Fundamental Large Cap Value, Series NAV
(John Hancock) (A)(1)	165,928		2,230,066
Fundamental Value, Series NAV (Davis)	256,438		4,333,795
Growth Equity, Series NAV (Rainier)	162,939		2,246,926
Heritage, Series NAV (American Century)	71,213		897,282
International Core, Series NAV (GMO)	264,234		2,605,347
International Growth Stock,
Series NAV (Invesco)	200,592		2,978,795
International Value, Series NAV (Franklin)	244,221		2,894,021
Mid Cap Stock, Series NAV (Wellington) (I)	75,704		1,318,000
Mid Cap Value Equity, Series NAV (Columbia)	71,044		897,282
Mid Value, Series NAV (T. Rowe Price)	102,683		1,318,455
Small Cap Growth, Series NAV (Wellington)	58,370		621,054
Small Cap Value, Series NAV (Wellington)	34,758		803,944

218

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Lifestyle Balanced PS Series (continued)
	Shares or
	Principal
	Amount		Value


John Hancock Variable Insurance Trust (G) (continued)
Small Company Growth,
Series NAV (Invesco) (I)	25,617	$	531,032
Small Company Value, Series NAV (T.
Rowe Price)	43,469		948,062
Smaller Company Growth, Series NAV
(Frontier/John Hancock/Perimeter) (A)(2)	31,887		622,437
Strategic Equity Allocation, Series NAV
(John Hancock) (A)(2)	2,528,704		36,615,633
U.S. Equity, Series NAV (GMO)	222,459		3,479,256
Fixed Income - 49.4%

John Hancock Variable Insurance Trust (G)
Bond PS, Series NAV (John Hancock) (A)(1)	6,700,355		88,712,706
Total Investments (Lifestyle Balanced PS Series)
(Cost $166,893,897) - 100.0%		$	179,702,640
Other assets and liabilities, net - 0.0%			(17,184)

TOTAL NET ASSETS - 100.0%		$	179,685,456


Lifestyle Conservative Trust
	Shares or
	Principal
	Amount		Value


AFFILIATED INVESTMENT COMPANIES - 100.0%
Equity - 20.0%

John Hancock Variable Insurance Trust (G)
Blue Chip Growth, Series NAV (T. Rowe Price)	2,395,190	$	62,825,847
Equity-Income, Series NAV (T. Rowe Price)	3,587,866		61,818,938
Fundamental Value, Series NAV (Davis)	2,315,768		39,136,484
International Core, Series NAV (GMO)	3,640,473		35,895,061
International Growth Opportunities,
Series NAV (Baillie)	516,734		6,035,456
International Growth Stock,
Series NAV (Invesco)	716,817		10,644,725
International Value, Series NAV (Franklin)	3,139,938		37,208,271
Mid Cap Stock, Series NAV (Wellington) (I)	725,727		12,634,900
Mid Value, Series NAV (T. Rowe Price)	989,115		12,700,243
Small Cap Growth, Series NAV (Wellington)	1,059,034		11,268,123
Small Cap Value, Series NAV (Wellington)	546,515		12,640,896
Strategic Equity Allocation, Series NAV
(John Hancock) (A)(2)	15,542,692		225,058,174
U.S. Equity, Series NAV (GMO)	2,113,725		33,058,654
Fixed Income - 80.0%

John Hancock Variable Insurance Trust (G)
Bond Trust, Series NAV (John Hancock) (A)(1)	68,641,810		963,731,014
Core Bond, Series NAV (Wells Capital)	19,376,955		269,339,672
Global Bond, Series NAV (PIMCO)	7,304,796		94,085,778
New Income, Series NAV (T. Rowe Price)	32,466,813		449,016,025
Short Term Government Income, Series NAV
(John Hancock) (A)(1)	3,483,445		44,901,603
Total Return, Series NAV (PIMCO)	28,768,423		423,758,874
Total Investments (Lifestyle Conservative Trust)
(Cost $2,611,104,589) - 100.0%		$	2,805,758,738
Other assets and liabilities, net - 0.0%			(50,558)

TOTAL NET ASSETS - 100.0%		$	2,805,708,180


Lifestyle Conservative PS Series
	Shares or
	Principal
	Amount		Value


AFFILIATED INVESTMENT COMPANIES - 100.0%
Equity - 20.0%

John Hancock Variable Insurance Trust (G)
Blue Chip Growth, Series NAV (T. Rowe Price)	52,902	$	1,387,619
Equity-Income, Series NAV (T. Rowe Price)	78,857		1,358,710
Fundamental Value, Series NAV (Davis)	51,194		865,171
International Core, Series NAV (GMO)	64,026		631,298
International Growth Stock,
Series NAV (Invesco)	19,407		288,190
International Value, Series NAV (Franklin)	55,518		657,887
Mid Cap Stock, Series NAV (Wellington) (I)	14,941		260,116
Mid Value, Series NAV (T. Rowe Price)	20,263		260,179
Small Cap Growth, Series NAV (Wellington)	21,727		231,180
Small Cap Value, Series NAV (Wellington)	11,247		260,151
Strategic Equity Allocation, Series NAV
(John Hancock) (A)(2)	319,433		4,625,396
U.S. Equity, Series NAV (GMO)	46,210		722,718
Fixed Income - 80.0%

John Hancock Variable Insurance Trust (G)
Bond PS, Series NAV (John Hancock) (A)(1)	3,477,507		46,042,193
Total Investments (Lifestyle Conservative PS Series)
(Cost $54,964,155) - 100.0%		$	57,590,808
Other assets and liabilities, net - 0.0%			(15,822)

TOTAL NET ASSETS - 100.0%		$	57,574,986


Lifestyle Growth Trust
	Shares or
	Principal
	Amount		Value


AFFILIATED INVESTMENT COMPANIES - 100.0%
Equity - 71.7%

John Hancock Variable Insurance Trust (G)
All Cap Core, Series NAV (QS Investors)	6,935,828	$	148,634,791
All Cap Value, Series NAV (Lord Abbett)	25,788,371		245,247,404
Alpha Opportunities, Series NAV (Wellington)	35,031,769		520,221,769
Blue Chip Growth, Series NAV (T. Rowe Price)	16,921,754		443,857,607
Capital Appreciation, Series NAV (Jennison)	30,047,372		369,582,674
Emerging Markets Value, Series NAV (DFA)	57,094,681		605,774,563
Equity-Income, Series NAV (T. Rowe Price)	36,231,348		624,266,122
Fundamental Large Cap Value, Series NAV
(John Hancock) (A)(1)	18,172,111		244,233,169
Fundamental Value, Series NAV (Davis)	30,766,901		519,960,624
Growth Equity, Series NAV (Rainier)	21,455,538		295,871,868
Heritage, Series NAV (American Century)	6,041,492		76,122,805
International Core, Series NAV (GMO)	31,516,493		310,752,624
International Growth Opportunities,
Series NAV (Baillie)	10,441,733		121,959,436
International Growth Stock,
Series NAV (Invesco)	15,808,382		234,754,480
International Value, Series NAV (Franklin)	29,196,657		345,980,390
Mid Cap Stock, Series NAV (Wellington) (I)	8,714,064		151,711,861
Mid Cap Value Equity, Series NAV (Columbia)	6,029,661		76,154,612
Mid Value, Series NAV (T. Rowe Price)	11,854,701		152,214,363
Small Cap Growth, Series NAV (Wellington)	6,405,580		68,155,371
Small Cap Opportunities,
Series NAV (DFA/Invesco) (I)	3,024,499		75,642,725
Small Cap Value, Series NAV (Wellington)	3,269,196		75,616,493
Small Company Growth,
Series NAV (Invesco) (I)	2,928,692		60,711,790

219

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Lifestyle Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


John Hancock Variable Insurance Trust (G) (continued)
Small Company Value, Series NAV (T.
Rowe Price)	5,190,525	$	113,205,355
Smaller Company Growth, Series NAV
(Frontier/John Hancock/Perimeter) (A)(2)	3,115,391		60,812,430
Strategic Equity Allocation, Series NAV
(John Hancock) (A)(2)	286,487,226		4,148,335,039
U.S. Equity, Series NAV (GMO)	30,886,386		483,063,071
Fixed Income - 28.3%

John Hancock Variable Insurance Trust (G)
Bond Trust, Series NAV (John Hancock) (A)(1)	123,848,100		1,738,827,331
Core Bond, Series NAV (Wells Capital)	37,100,798		515,701,095
Global Bond, Series NAV (PIMCO)	13,748,175		177,076,488
New Income, Series NAV (T. Rowe Price)	61,836,963		855,205,199
Short Term Government Income, Series NAV
(John Hancock) (A)(1)	6,863,422		88,469,503
Total Return, Series NAV (PIMCO)	54,555,193		803,597,988

COMMON STOCK - 0.0%
Equity - 0.0%
Facebook, Inc., Class A (I)	1,018		26,040
Facebook, Inc., Class B (I)	4,294		109,841
Total Investments (Lifestyle Growth Trust)
(Cost $12,600,455,452) - 100.0%		$	14,751,856,921
Other assets and liabilities, net - 0.0%			(248,500)

TOTAL NET ASSETS - 100.0%		$	14,751,608,421


Lifestyle Growth PS Series
	Shares or
	Principal
	Amount		Value


AFFILIATED INVESTMENT COMPANIES - 100.0%
Equity - 70.3%

John Hancock Variable Insurance Trust (G)
All Cap Core, Series NAV (QS Investors)	84,512	$	1,811,093
All Cap Value, Series NAV (Lord Abbett)	328,713		3,126,062
Alpha Opportunities, Series NAV (Wellington)	428,154		6,358,093
Blue Chip Growth, Series NAV (T. Rowe Price)	214,889		5,636,541
Capital Appreciation, Series NAV (Jennison)	380,251		4,677,089
Emerging Markets Value, Series NAV (DFA)	695,611		7,380,430
Equity-Income, Series NAV (T. Rowe Price)	465,180		8,015,051
Fundamental Large Cap Value, Series NAV
(John Hancock) (A)(1)	231,805		3,115,454
Fundamental Value, Series NAV (Davis)	376,219		6,358,093
Growth Equity, Series NAV (Rainier)	270,800		3,734,339
Heritage, Series NAV (American Century)	74,522		938,983
International Core, Series NAV (GMO)	383,220		3,778,553
International Growth Stock,
Series NAV (Invesco)	310,014		4,603,715
International Value, Series NAV (Franklin)	359,506		4,260,145
Mid Cap Stock, Series NAV (Wellington) (I)	101,813		1,772,559
Mid Cap Value Equity, Series NAV (Columbia)	74,749		944,080
Mid Value, Series NAV (T. Rowe Price)	138,050		1,772,559
Small Cap Growth, Series NAV (Wellington)	79,675		847,746
Small Cap Opportunities,
Series NAV (DFA/Invesco) (I)	43,911		1,098,216
Small Cap Value, Series NAV (Wellington)	40,816		944,080
Small Company Growth,
Series NAV (Invesco) (I)	36,248		751,411


Lifestyle Growth PS Series (continued)
	Shares or
	Principal
	Amount		Value


John Hancock Variable Insurance Trust (G) (continued)
Small Company Value, Series NAV (T.
Rowe Price)	65,269	$	1,423,527
Smaller Company Growth, Series NAV
(Frontier/John Hancock/Perimeter) (A)(2)	38,494		751,411
Strategic Equity Allocation, Series NAV
(John Hancock) (A)(2)	3,657,570		52,961,616
U.S. Equity, Series NAV (GMO)	375,308		5,869,818
Fixed Income - 29.7%

John Hancock Variable Insurance Trust (G)
Bond PS, Series NAV (John Hancock) (1)(A)	4,244,632		56,198,934
Total Investments (Lifestyle Growth PS Series)
(Cost $171,700,130) - 100.0%		$	189,129,598
Other assets and liabilities, net - 0.0%			(17,170)

TOTAL NET ASSETS - 100.0%		$	189,112,428


Lifestyle Moderate Trust
	Shares or
	Principal
	Amount		Value


AFFILIATED INVESTMENT COMPANIES - 100.0%
Equity - 40.3%

John Hancock Variable Insurance Trust (G)
All Cap Value, Series NAV (Lord Abbett)	3,635,165	$	34,570,420
Alpha Opportunities, Series NAV (Wellington)	4,775,332		70,913,680
Blue Chip Growth, Series NAV (T. Rowe Price)	3,717,358		97,506,312
Capital Appreciation, Series NAV (Jennison)	6,486,007		79,777,892
Equity-Income, Series NAV (T. Rowe Price)	6,276,458		108,143,364
Fundamental Large Cap Value, Series NAV
(John Hancock) (A)(1)	2,564,547		34,467,512
Fundamental Value, Series NAV (Davis)	4,196,076		70,913,682
International Core, Series NAV (GMO)	6,956,574		68,591,816
International Growth Opportunities,
Series NAV (Baillie)	2,064,045		24,108,046
International Growth Stock,
Series NAV (Invesco)	3,182,534		47,260,637
International Value, Series NAV (Franklin)	6,495,743		76,974,552
Mid Cap Stock, Series NAV (Wellington) (I)	1,907,316		33,206,366
Mid Value, Series NAV (T. Rowe Price)	2,590,211		33,258,310
Small Cap Growth, Series NAV (Wellington)	1,038,548		11,050,149
Small Cap Value, Series NAV (Wellington)	636,048		14,711,801
Small Company Growth,
Series NAV (Invesco) (I)	445,025		9,225,362
Small Company Value, Series NAV (T.
Rowe Price)	757,358		16,517,973
Smaller Company Growth, Series NAV
(Frontier/John Hancock/Perimeter) (A)(2)	567,596		11,079,467
Strategic Equity Allocation, Series NAV
(John Hancock) (A)(2)	40,108,264		580,767,669
U.S. Equity, Series NAV (GMO)	2,267,061		35,456,841
Fixed Income - 59.7%

John Hancock Variable Insurance Trust (G)
Bond Trust, Series NAV (John Hancock) (A)(1)	65,861,102		924,689,871
Core Bond, Series NAV (Wells Capital)	18,784,184		261,100,155
Global Bond, Series NAV (PIMCO)	7,000,723		90,169,317
New Income, Series NAV (T. Rowe Price)	31,270,910		432,476,685
Short Term Government Income, Series NAV
(John Hancock) (A)(1)	3,355,133		43,247,669

220

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Lifestyle Moderate Trust (continued)
	Shares or
	Principal
	Amount		Value

John Hancock Variable Insurance Trust (G) (continued)
Total Return, Series NAV (PIMCO)	27,525,247	$	405,446,892
Total Investments (Lifestyle Moderate Trust)
(Cost $3,190,747,982) - 100.0%		$	3,615,632,440
Other assets and liabilities, net - 0.0%			(60,084)

TOTAL NET ASSETS - 100.0%		$	3,615,572,356


Lifestyle Moderate PS Series
	Shares or
	Principal
	Amount		Value


AFFILIATED INVESTMENT COMPANIES - 100.0%
Equity - 40.8%

John Hancock Variable Insurance Trust (G)
All Cap Value, Series NAV (Lord Abbett)	93,843	$	892,445
Alpha Opportunities, Series NAV (Wellington)	123,277		1,830,657
Blue Chip Growth, Series NAV (T. Rowe Price)	94,991		2,491,614
Capital Appreciation, Series NAV (Jennison)	166,230		2,044,629
Equity-Income, Series NAV (T. Rowe Price)	162,029		2,791,752
Fundamental Large Cap Value, Series NAV
(John Hancock) (A)(1)	66,084		888,175
Fundamental Value, Series NAV (Davis)	108,219		1,828,897
International Core, Series NAV (GMO)	159,508		1,572,752
International Growth Stock,
Series NAV (Invesco)	105,633		1,568,652
International Value, Series NAV (Franklin)	148,367		1,758,146
Mid Cap Stock, Series NAV (Wellington) (I)	47,317		823,796
Mid Value, Series NAV (T. Rowe Price)	64,159		823,796
Small Cap Growth, Series NAV (Wellington)	25,784		274,340
Small Cap Value, Series NAV (Wellington)	15,802		365,510
Small Company Growth,
Series NAV (Invesco) (I)	11,036		228,786
Small Company Value, Series NAV (T.
Rowe Price)	18,820		410,466
Smaller Company Growth, Series NAV
(Frontier/John Hancock/Perimeter) (A)(2)	14,068		274,599
Strategic Equity Allocation, Series NAV
(John Hancock) (A)(2)	1,010,411		14,630,755
U.S. Equity, Series NAV (GMO)	58,525		915,329
Fixed Income - 59.2%

John Hancock Variable Insurance Trust (G)
Bond PS, Series NAV (John Hancock) (A)(1)	3,986,434		52,780,384
Total Investments (Lifestyle Moderate PS Series)
(Cost $83,382,749) - 100.0%		$	89,195,480
Other assets and liabilities, net - 0.0%			(16,512)

TOTAL NET ASSETS - 100.0%		$	89,178,968


Mid Cap Index Trust
	Shares or
	Principal
	Amount		Value

COMMON STOCKS - 97.8%
Consumer Discretionary - 12.2%
Auto Components - 0.2%
Gentex Corp. (L)	71,427	$	1,429,254


Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Automobiles - 0.1%
Thor Industries, Inc. (L)	21,964	$	808,056
Distributors - 0.5%
LKQ Corp. (I)	148,968		3,241,536
Diversified Consumer Services - 0.8%
DeVry, Inc. (L)	28,356		900,303
Matthews International Corp., Class A (L)	13,843		482,982
Regis Corp. (L)	28,211		513,158
Service Corp. International	105,405		1,763,426
Sotheby’s	33,857		1,266,590
Strayer Education, Inc. (L)	5,670		274,315

			5,200,774
Hotels, Restaurants & Leisure - 1.4%
Bally Technologies, Inc. (I)(L)	20,586		1,069,854
Bob Evans Farms, Inc.	13,906		592,674
Brinker International, Inc. (L)	35,297		1,328,932
International Speedway Corp., Class A (L)	12,789		417,945
Life Time Fitness, Inc. (I)(L)	19,810		847,472
Panera Bread Company, Class A (I)	14,046		2,320,961
Scientific Games Corp., Class A (I)(L)	26,289		230,029
The Cheesecake Factory, Inc. (L)	24,440		943,628
The Wendy’s Company (L)	140,531		796,811
WMS Industries, Inc. (I)	27,300		688,233

			9,236,539
Household Durables - 2.3%
Jarden Corp. (I)(L)	55,266		2,368,148
KB Home (L)	40,937		891,198
MDC Holdings, Inc.	19,433		712,219
Mohawk Industries, Inc. (I)	29,073		3,288,738
NVR, Inc. (I)	2,296		2,479,933
Tempur-Pedic International, Inc. (I)	29,832		1,480,562
Toll Brothers, Inc. (I)	75,078		2,570,671
Tupperware Brands Corp.	27,002		2,207,143

			15,998,612
Internet & Catalog Retail - 0.2%
HSN, Inc.	18,404		1,009,643
Leisure Equipment & Products - 0.4%
Polaris Industries, Inc. (L)	31,813		2,942,384
Media - 1.2%
AMC Networks, Inc., Class A (I)	28,888		1,825,144
Cinemark Holdings, Inc. (L)	51,116		1,504,855
DreamWorks Animation
SKG, Inc., Class A (I)(L)	35,817		679,090
John Wiley & Sons, Inc., Class A (L)	23,465		914,196
Lamar Advertising Company, Class A (I)	27,600		1,341,636
Meredith Corp. (L)	17,905		685,045
Scholastic Corp. (L)	13,301		354,472
The New York Times Company, Class A (I)	60,853		596,359
Valassis Communications, Inc. (L)	19,591		585,183

			8,485,980
Multiline Retail - 0.2%
Big Lots, Inc. (I)(L)	28,860		1,017,892
Saks, Inc. (I)(L)	50,651		580,967

			1,598,859
Specialty Retail - 3.9%
Aaron’s, Inc.	35,161		1,008,417
Advance Auto Parts, Inc.	36,813		3,042,594
Aeropostale, Inc. (I)(L)	39,103		531,801
American Eagle Outfitters, Inc.	89,922		1,681,541
ANN, Inc. (I)	24,096		699,266

221

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Specialty Retail (continued)
Ascena Retail Group, Inc. (I)	63,313	$	1,174,456
Barnes & Noble, Inc. (I)(L)	18,835		309,836
Cabela’s, Inc. (I)(L)	23,115		1,404,930
Chico’s FAS, Inc.	82,762		1,390,402
Dick’s Sporting Goods, Inc. (L)	48,977		2,316,612
Foot Locker, Inc.	75,208		2,575,122
Guess?, Inc. (L)	30,574		759,152
Office Depot, Inc. (I)	142,657		560,642
Rent-A-Center, Inc. (L)	29,089		1,074,548
Signet Jewelers, Ltd. (L)	40,425		2,708,475
Tractor Supply Company	34,548		3,597,483
Williams-Sonoma, Inc.	43,057		2,218,297

			27,053,574
Textiles, Apparel & Luxury Goods - 1.0%
Carter’s, Inc. (I)	25,522		1,461,645
Deckers Outdoor Corp. (I)(L)	17,191		957,367
Hanesbrands, Inc. (I)(L)	49,103		2,237,133
Under Armour, Inc., Class A (I)	38,710		1,981,952

			6,638,097

			83,643,308
Consumer Staples - 3.6%
Food & Staples Retailing - 0.4%
Harris Teeter Supermarkets, Inc.	24,738		1,056,560
SUPERVALU, Inc.	106,528		536,901
United Natural Foods, Inc. (I)	24,600		1,210,320

			2,803,781
Food Products - 2.0%
Flowers Foods, Inc.	57,266		1,886,342
Green Mountain Coffee Roasters, Inc. (I)(L)	61,637		3,498,516
Hillshire Brands Company	61,321		2,155,433
Ingredion, Inc.	38,577		2,789,889
Lancaster Colony Corp.	9,650		743,050
Post Holdings, Inc. (I)	16,290		699,330
Smithfield Foods, Inc. (I)	62,335		1,650,631
Tootsie Roll Industries, Inc. (L)	10,527		314,861

			13,738,052
Household Products - 1.1%
Church & Dwight Company, Inc. (L)	68,874		4,451,327
Energizer Holdings, Inc. (L)	30,855		3,077,169

			7,528,496
Tobacco - 0.1%
Universal Corp. (L)	11,658		653,314

			24,723,643
Energy - 5.9%
Energy Equipment & Services - 2.8%
Atwood Oceanics, Inc. (I)(L)	28,553		1,500,175
CARBO Ceramics, Inc.	9,769		889,663
Dresser-Rand Group, Inc. (I)	37,929		2,338,702
Dril-Quip, Inc. (I)(L)	18,170		1,583,879
Helix Energy Solutions Group, Inc. (I)	49,128		1,124,049
Oceaneering International, Inc.	54,022		3,587,601
Oil States International, Inc. (I)	27,438		2,238,118
Patterson-UTI Energy, Inc. (L)	72,863		1,737,054
Superior Energy Services, Inc. (I)	79,633		2,068,069
Tidewater, Inc. (L)	24,691		1,246,896
Unit Corp. (I)	21,848		995,176

			19,309,382


Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels - 3.1%
Alpha Natural Resources, Inc. (I)(L)	110,215	$	904,865
Arch Coal, Inc. (L)	105,954		575,330
Bill Barrett Corp. (I)(L)	24,005		486,581
Cimarex Energy Company	43,157		3,255,764
Energen Corp.	36,040		1,874,440
Forest Oil Corp. (I)	59,548		313,222
HollyFrontier Corp.	101,593		5,226,960
Northern Oil and Gas, Inc. (I)(L)	29,551		424,943
Plains Exploration & Production Company (I)	64,395		3,056,831
Quicksilver Resources, Inc. (I)(L)	60,087		135,196
Rosetta Resources, Inc. (I)	26,251		1,249,023
SM Energy Company	33,009		1,954,793
World Fuel Services Corp.	36,009		1,430,277

			20,888,225

			40,197,607
Financials - 22.5%
Capital Markets - 2.4%
Affiliated Managers Group, Inc. (I)	26,218		4,026,298
Apollo Investment Corp.	101,273		846,642
Eaton Vance Corp. (L)	58,001		2,426,182
Federated Investors, Inc., Class B (L)	46,937		1,110,999
Greenhill & Company, Inc.	12,776		681,983
Janus Capital Group, Inc. (L)	95,044		893,414
Raymond James Financial, Inc.	56,379		2,599,072
SEI Investments Company	67,238		1,939,816
Waddell & Reed Financial, Inc., Class A (L)	42,678		1,868,443

			16,392,849
Commercial Banks - 3.8%
Associated Banc-Corp. (L)	83,855		1,273,757
BancorpSouth, Inc. (L)	41,580		677,754
Bank of Hawaii Corp. (L)	22,379		1,137,077
Cathay General Bancorp	36,558		735,547
City National Corp. (L)	23,709		1,396,697
Commerce Bancshares, Inc.	38,490		1,571,547
Cullen/Frost Bankers, Inc. (L)	30,719		1,920,859
East West Bancorp, Inc.	69,974		1,796,233
First Niagara Financial Group, Inc.	175,986		1,559,236
FirstMerit Corp. (L)	54,753		905,067
Fulton Financial Corp.	99,081		1,159,248
Hancock Holding Company	42,382		1,310,451
International Bancshares Corp.	27,202		565,802
Prosperity Bancshares, Inc. (L)	22,175		1,050,873
Signature Bank (I)	23,076		1,817,466
SVB Financial Group (I)	22,305		1,582,317
Synovus Financial Corp. (L)	392,968		1,088,521
TCF Financial Corp. (L)	81,399		1,217,729
Trustmark Corp. (L)	33,430		836,084
Valley National Bancorp (L)	99,372		1,017,569
Webster Financial Corp.	40,009		970,618
Westamerica Bancorp. (L)	13,561		614,720

			26,205,172
Diversified Financial Services - 0.6%
CBOE Holdings, Inc.	43,569		1,609,439
Leucadia National Corp.	0		7
MSCI, Inc. (I)	60,055		2,037,666

			3,647,112
Insurance - 4.7%
Alleghany Corp. (I)	8,384		3,319,393
American Financial Group, Inc.	37,349		1,769,596
Arthur J. Gallagher & Company	62,863		2,596,871

222

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Insurance (continued)
Aspen Insurance Holdings, Ltd.	34,872	$	1,345,362
Brown & Brown, Inc.	58,898		1,887,092
Everest Re Group, Ltd.	25,544		3,317,144
Fidelity National Financial, Inc., Class A	107,245		2,705,791
First American Financial Corp.	53,684		1,372,700
HCC Insurance Holdings, Inc.	50,182		2,109,149
Kemper Corp.	27,150		885,362
Mercury General Corp.	18,104		686,685
Old Republic International Corp.	120,408		1,530,386
Primerica, Inc.	22,758		746,007
Protective Life Corp.	39,022		1,396,988
Reinsurance Group of America, Inc.	36,896		2,201,584
StanCorp Financial Group, Inc. (L)	22,167		947,861
The Hanover Insurance Group, Inc.	22,301		1,107,914
W.R. Berkley Corp. (L)	55,038		2,442,036

			32,367,921
Real Estate Investment Trusts - 9.9%
Alexandria Real Estate Equities, Inc.	31,774		2,255,319
American Campus Communities, Inc. (L)	52,273		2,370,058
BioMed Realty Trust, Inc.	84,421		1,823,494
BRE Properties, Inc.	38,370		1,867,852
Camden Property Trust	42,210		2,898,983
Corporate Office Properties Trust	40,501		1,080,567
Duke Realty Corp.	160,571		2,726,496
Equity One, Inc. (L)	30,887		740,361
Essex Property Trust, Inc. (L)	18,887		2,844,004
Extra Space Storage, Inc.	51,405		2,018,674
Federal Realty Investment Trust	32,412		3,501,792
Highwoods Properties, Inc. (L)	40,222		1,591,585
Home Properties, Inc.	25,725		1,631,480
Hospitality Properties Trust	61,699		1,693,021
Kilroy Realty Corp.	37,376		1,958,502
Liberty Property Trust	59,724		2,374,029
Mack-Cali Realty Corp.	41,635		1,191,177
National Retail Properties, Inc. (L)	57,859		2,092,760
Omega Healthcare Investors, Inc. (L)	56,393		1,712,091
Potlatch Corp.	20,159		924,492
Rayonier, Inc.	62,218		3,712,548
Realty Income Corp. (L)	96,809		4,390,288
Regency Centers Corp.	45,145		2,388,622
Senior Housing Properties Trust (L)	93,866		2,518,425
SL Green Realty Corp.	45,546		3,921,966
Taubman Centers, Inc.	31,659		2,458,638
The Macerich Company	68,563		4,414,086
UDR, Inc.	124,867		3,020,533
Weingarten Realty Investors (L)	55,767		1,759,449

			67,881,292
Real Estate Management & Development - 0.4%
Alexander & Baldwin, Inc. (I)	21,447		766,730
Jones Lang LaSalle, Inc.	22,029		2,189,903

			2,956,633
Thrifts & Mortgage Finance - 0.7%
Astoria Financial Corp. (L)	41,002		404,280
New York Community Bancorp, Inc. (L)	219,769		3,153,685
Washington Federal, Inc.	52,548		919,590

			4,477,555

			153,928,534
Health Care - 9.4%
Biotechnology - 2.1%
Regeneron Pharmaceuticals, Inc. (I)	38,170		6,733,188


Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Biotechnology (continued)
United Therapeutics Corp. (I)(L)	23,266	$	1,416,201
Vertex Pharmaceuticals, Inc. (I)	108,943		5,989,686

			14,139,075
Health Care Equipment & Supplies - 2.5%
Hill-Rom Holdings, Inc.	30,085		1,059,594
Hologic, Inc. (I)	133,588		3,019,089
IDEXX Laboratories, Inc. (I)(L)	27,279		2,520,307
Masimo Corp. (L)	26,037		510,846
ResMed, Inc. (L)	71,619		3,320,257
STERIS Corp. (L)	29,137		1,212,391
Teleflex, Inc.	20,413		1,725,103
The Cooper Companies, Inc.	24,068		2,596,456
Thoratec Corp. (I)	28,787		1,079,513

			17,043,556
Health Care Providers & Services - 3.0%
Community Health Systems, Inc.	46,033		2,181,504
Health Management
Associates, Inc., Class A (I)	128,403		1,652,547
Health Net, Inc. (I)	39,607		1,133,552
Henry Schein, Inc. (I)(L)	43,670		4,041,659
LifePoint Hospitals, Inc. (I)	23,441		1,135,951
MEDNAX, Inc. (I)	24,939		2,235,283
Omnicare, Inc. (L)	52,262		2,128,109
Owens & Minor, Inc. (L)	31,622		1,029,612
Universal Health Services, Inc., Class B	44,403		2,836,020
VCA Antech, Inc. (I)(L)	44,103		1,035,979
WellCare Health Plans, Inc. (I)	21,577		1,250,603

			20,660,819
Health Care Technology - 0.3%
Allscripts Healthcare Solutions, Inc. (I)	85,989		1,168,591
HMS Holdings Corp. (I)(L)	43,425		1,178,989

			2,347,580
Life Sciences Tools & Services - 1.3%
Bio-Rad Laboratories, Inc., Class A (I)	10,094		1,271,844
Charles River
Laboratories International, Inc. (I)	24,068		1,065,490
Covance, Inc. (I)(L)	27,503		2,044,023
Mettler-Toledo International, Inc. (I)	15,114		3,222,607
Techne Corp.	17,330		1,175,841

			8,779,805
Pharmaceuticals - 0.2%
Endo Health Solutions, Inc. (I)	56,914		1,750,675

			64,721,510
Industrials - 17.4%
Aerospace & Defense - 1.4%
Alliant Techsystems, Inc.	16,397		1,187,635
B/E Aerospace, Inc. (I)	52,243		3,149,730
Esterline Technologies Corp. (I)	15,434		1,168,354
Exelis, Inc.	93,999		1,023,649
Huntington Ingalls Industries, Inc.	24,740		1,319,384
Triumph Group, Inc.	25,039		1,965,562

			9,814,314
Air Freight & Logistics - 0.1%
UTi Worldwide, Inc.	51,836		750,585
Airlines - 0.4%
Alaska Air Group, Inc. (I)	35,160		2,248,834
JetBlue Airways Corp. (I)(L)	112,085		773,387

			3,022,221

223

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Building Products - 0.7%
Fortune Brands Home & Security, Inc. (I)	81,930	$	3,066,640
Lennox International, Inc.	22,869		1,451,953

			4,518,593
Commercial Services & Supplies - 2.0%
Clean Harbors, Inc. (I)	26,374		1,532,066
Copart, Inc. (I)	52,912		1,813,823
Corrections Corp. of America	50,070		1,956,235
Deluxe Corp. (L)	25,339		1,049,035
Herman Miller, Inc. (L)	29,134		806,138
HNI Corp. (L)	22,444		796,538
Mine Safety Appliances Company	15,526		770,400
R.R. Donnelley & Sons Company (L)	90,024		1,084,789
Rollins, Inc.	32,885		807,327
The Brink’s Company	23,894		675,244
Waste Connections, Inc.	61,527		2,213,741

			13,505,336
Construction & Engineering - 1.0%
AECOM Technology Corp. (I)	52,293		1,715,210
Granite Construction, Inc.	17,804		566,879
KBR, Inc.	73,644		2,362,500
URS Corp.	38,297		1,815,661

			6,460,250
Electrical Equipment - 1.8%
Acuity Brands, Inc.	21,321		1,478,611
AMETEK, Inc.	121,406		5,264,164
General Cable Corp. (I)	24,764		907,105
Hubbell, Inc., Class B	26,604		2,583,514
Regal-Beloit Corp.	22,499		1,835,018

			12,068,412
Industrial Conglomerates - 0.3%
Carlisle Companies, Inc.	31,686		2,147,994
Machinery - 5.3%
AGCO Corp.	48,422		2,523,755
CLARCOR, Inc.	24,732		1,295,462
Crane Company	24,003		1,340,808
Donaldson Company, Inc.	67,316		2,436,166
Gardner Denver, Inc.	24,483		1,838,918
Graco, Inc.	30,396		1,763,880
Harsco Corp.	40,277		997,661
IDEX Corp. (L)	41,214		2,201,652
ITT Corp.	46,118		1,311,135
Kennametal, Inc. (L)	39,549		1,543,993
Lincoln Electric Holdings, Inc.	41,382		2,242,077
Nordson Corp. (L)	28,335		1,868,693
Oshkosh Corp. (I)	43,560		1,850,864
SPX Corp.	23,422		1,849,401
Terex Corp. (I)(L)	55,262		1,902,118
Timken Company	39,772		2,250,300
Trinity Industries, Inc. (L)	39,522		1,791,532
Valmont Industries, Inc.	11,677		1,836,442
Wabtec Corp.	23,866		2,436,957
Woodward, Inc. (L)	30,178		1,199,877

			36,481,691
Marine - 0.4%
Kirby Corp. (I)	28,275		2,171,520
Matson, Inc.	21,347		525,136

			2,696,656
Professional Services - 0.9%
FTI Consulting, Inc. (I)	20,378		767,435


Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Professional Services (continued)
ManpowerGroup, Inc.	38,379	$	2,176,857
The Corporate Executive Board Company	16,711		971,912
Towers Watson & Company, Class A	28,217		1,956,002

			5,872,206
Road & Rail - 2.1%
Con-way, Inc. (L)	27,909		982,676
Genesee & Wyoming, Inc., Class A (I)	24,706		2,300,376
J.B. Hunt Transport Services, Inc. (L)	45,218		3,367,837
Kansas City Southern	55,028		6,102,605
Landstar System, Inc.	23,174		1,323,004
Werner Enterprises, Inc. (L)	22,327		538,974

			14,615,472
Trading Companies & Distributors - 1.0%
GATX Corp. (L)	23,394		1,215,786
MSC Industrial Direct Company, Inc., Class A	23,366		2,004,335
United Rentals, Inc. (I)(L)	46,463		2,554,071
Watsco, Inc. (L)	14,858		1,250,746

			7,024,938

			118,978,668
Information Technology - 14.8%
Communications Equipment - 0.8%
ADTRAN, Inc. (L)	31,010		609,347
Ciena Corp. (I)	50,644		810,810
InterDigital, Inc.	20,557		983,241
Plantronics, Inc. (L)	21,289		940,761
Polycom, Inc. (I)	88,335		978,752
Riverbed Technology, Inc. (I)	81,562		1,216,089
Tellabs, Inc.	167,877		350,863

			5,889,863
Computers & Peripherals - 0.7%
Diebold, Inc. (L)	31,582		957,566
Lexmark International, Inc., Class A	31,478		831,019
NCR Corp. (I)	81,753		2,253,113
QLogic Corp. (I)	45,610		529,076

			4,570,774
Electronic Equipment, Instruments & Components - 2.1%
Arrow Electronics, Inc. (I)	52,951		2,150,870
Avnet, Inc. (I)	68,387		2,475,609
Ingram Micro, Inc., Class A (I)	75,062		1,477,220
Itron, Inc. (I)(L)	19,569		908,002
National Instruments Corp.	47,424		1,553,136
Tech Data Corp. (I)	18,827		858,699
Trimble Navigation, Ltd. (I)	127,432		3,817,863
Vishay Intertechnology, Inc. (I)(L)	65,836		896,028

			14,137,427
Internet Software & Services - 1.6%
AOL, Inc. (I)	38,463		1,480,441
Equinix, Inc. (I)(L)	24,407		5,279,478
Monster Worldwide, Inc. (I)(L)	58,274		295,449
Rackspace Hosting, Inc. (I)(L)	55,096		2,781,246
ValueClick, Inc. (I)	35,503		1,049,114

			10,885,728
IT Services - 3.1%
Acxiom Corp. (I)	36,825		751,230
Alliance Data Systems Corp. (I)	24,930		4,035,918
Broadridge Financial Solutions, Inc.	60,838		1,511,216
Convergys Corp. (L)	53,085		904,038
CoreLogic, Inc. (I)	48,840		1,263,002

224

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
IT Services (continued)
DST Systems, Inc.	15,042	$	1,072,043
Gartner, Inc. (I)	46,608		2,535,941
Global Payments, Inc.	39,273		1,950,297
Jack Henry & Associates, Inc.	43,035		1,988,647
Lender Processing Services, Inc.	42,340		1,077,976
ManTech International Corp., Class A (L)	11,787		316,717
NeuStar, Inc., Class A (I)	33,010		1,535,955
VeriFone Systems, Inc. (I)(L)	53,878		1,114,197
WEX, Inc. (I)	19,363		1,519,996

			21,577,173
Office Electronics - 0.2%
Zebra Technologies Corp., Class A (I)	25,477		1,200,731
Semiconductors & Semiconductor Equipment - 2.0%
Atmel Corp. (I)	219,351		1,526,683
Cree, Inc. (I)	58,265		3,187,678
Cypress Semiconductor Corp. (I)(L)	67,057		739,639
Fairchild Semiconductor International, Inc. (I)	63,368		896,024
Integrated Device Technology, Inc. (I)	72,695		543,032
International Rectifier Corp. (I)(L)	34,501		729,696
Intersil Corp., Class A	63,018		548,887
MEMC Electronic Materials, Inc. (I)	115,462		508,033
RF Micro Devices, Inc. (I)	139,523		742,262
Semtech Corp. (I)	33,084		1,170,843
Silicon Laboratories, Inc. (I)(L)	19,248		796,097
Skyworks Solutions, Inc. (I)	95,823		2,110,981

			13,499,855
Software - 4.3%
ACI Worldwide, Inc. (I)	19,725		963,764
Advent Software, Inc. (I)	15,838		442,989
ANSYS, Inc. (I)	46,388		3,776,911
Cadence Design Systems, Inc. (I)(L)	140,655		1,959,324
CommVault Systems, Inc. (I)(L)	21,440		1,757,651
Compuware Corp. (I)	105,924		1,324,050
Concur Technologies, Inc. (I)(L)	22,728		1,560,504
FactSet Research Systems, Inc. (L)	20,336		1,883,114
Fair Isaac Corp.	17,759		811,409
Informatica Corp. (I)	53,821		1,855,210
Mentor Graphics Corp.	47,128		850,660
MICROS Systems, Inc. (I)(L)	39,599		1,802,150
PTC, Inc. (I)	59,685		1,521,371
Rovi Corp. (I)	51,892		1,111,008
SolarWinds, Inc. (I)	30,653		1,811,592
Solera Holdings, Inc.	34,393		2,006,144
Synopsys, Inc. (I)	76,804		2,755,728
TIBCO Software, Inc. (I)	77,623		1,569,537

			29,763,116

			101,524,667
Materials - 6.6%
Chemicals - 2.7%
Albemarle Corp.	44,332		2,771,637
Ashland, Inc.	36,677		2,725,101
Cabot Corp.	29,909		1,022,888
Cytec Industries, Inc.	22,392		1,658,799
Intrepid Potash, Inc. (L)	26,804		502,843
Minerals Technologies, Inc.	17,554		728,667
NewMarket Corp. (L)	5,320		1,385,115
Olin Corp. (L)	40,002		1,008,850
RPM International, Inc.	66,078		2,086,743
Sensient Technologies Corp.	24,930		974,514
The Scotts Miracle-Gro Company, Class A (L)	19,397		838,726


Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Chemicals (continued)
Valspar Corp.	41,711	$	2,596,510

			18,300,393
Construction Materials - 0.3%
Martin Marietta Materials, Inc.	22,890		2,335,238
Containers & Packaging - 1.6%
Aptargroup, Inc. (L)	33,097		1,898,113
Greif, Inc., Class A	15,180		813,952
Packaging Corp. of America	48,962		2,196,925
Rock-Tenn Company, Class A	35,791		3,321,047
Silgan Holdings, Inc.	22,540		1,065,015
Sonoco Products Company	50,455		1,765,420

			11,060,472
Metals & Mining - 1.6%
Carpenter Technology Corp.	22,094		1,089,013
Commercial Metals Company	58,191		922,327
Compass Minerals International, Inc. (L)	16,609		1,310,450
Reliance Steel & Aluminum Company (L)	38,047		2,707,805
Royal Gold, Inc.	32,423		2,303,006
Steel Dynamics, Inc.	109,847		1,743,272
Worthington Industries, Inc.	26,440		819,111

			10,894,984
Paper & Forest Products - 0.4%
Domtar Corp. (L)	17,346		1,346,397
Louisiana-Pacific Corp. (I)	69,541		1,502,086

			2,848,483

			45,439,570
Telecommunication Services - 0.4%
Diversified Telecommunication Services - 0.3%
tw telecom, Inc. (I)	75,921		1,912,450
Wireless Telecommunication Services - 0.1%
Telephone & Data Systems, Inc.	50,138		1,056,408

			2,968,858
Utilities - 5.0%
Electric Utilities - 2.1%
Cleco Corp.	30,390		1,429,242
Great Plains Energy, Inc.	76,615		1,776,702
Hawaiian Electric Industries, Inc.	48,953		1,356,488
IDACORP, Inc. (L)	25,048		1,209,067
NV Energy, Inc.	117,386		2,351,242
OGE Energy Corp.	49,306		3,450,434
PNM Resources, Inc.	39,733		925,382
Westar Energy, Inc.	63,313		2,100,725

			14,599,282
Gas Utilities - 1.5%
Atmos Energy Corp.	45,156		1,927,710
National Fuel Gas Company	41,677		2,556,884
Questar Corp.	87,390		2,126,199
UGI Corp.	56,501		2,169,073
WGL Holdings, Inc.	25,825		1,138,883

			9,918,749
Multi-Utilities - 1.1%
Alliant Energy Corp.	55,388		2,779,370
Black Hills Corp. (L)	22,099		973,240
MDU Resources Group, Inc.	94,262		2,355,607
Vectren Corp.	41,082		1,455,124

			7,563,341

225

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Mid Cap Index Trust (continued)
		Shares or
		Principal
		Amount		Value


COMMON STOCKS (continued)
Water Utilities - 0.3%
Aqua America, Inc. (L)		70,020	$	2,201,429

				34,282,801

TOTAL COMMON STOCKS (Cost $426,592,271)			$	670,409,166


SECURITIES LENDING COLLATERAL - 20.1%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		13,789,120		138,011,165

TOTAL SECURITIES LENDING
COLLATERAL (Cost $138,002,485)			$	138,011,165


SHORT-TERM INVESTMENTS - 2.1%

Repurchase Agreement - 2.1%
Repurchase Agreement with State Street Corp.
dated 03/28/2013 at 0.010% to be
repurchased at $14,124,016 on 04/01/2013,
collateralized by $13,100,000 U.S. Treasury
Notes, 2.750% due 02/28/2018 (valued at
$14,410,000, including interest)	$	14,124,000	$	14,124,000

TOTAL SHORT-TERM INVESTMENTS (Cost $14,124,000)			$	14,124,000

Total Investments (Mid Cap Index Trust)
(Cost $578,718,756) - 120.0%			$	822,544,331
Other assets and liabilities, net - (20.0%)				(136,983,310)

TOTAL NET ASSETS - 100.0%			$	685,561,021


Mid Cap Stock Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 96.8%
Consumer Discretionary - 22.9%
Auto Components - 2.2%
Allison Transmission Holdings, Inc. (L)	365,913	$	8,785,571
Tenneco, Inc. (I)	226,600		8,907,646

			17,693,217
Hotels, Restaurants & Leisure - 5.4%
Bloomin’ Brands, Inc. (I)(L)	418,170		7,472,698
Buffalo Wild Wings, Inc. (I)(L)	111,626		9,770,624
Burger King Worldwide, Inc. (L)	635,472		12,137,515
Jack in the Box, Inc. (I)	6,400		221,376
Life Time Fitness, Inc. (I)(L)	192,100		8,218,038
Wyndham Worldwide Corp.	66,942		4,316,420

			42,136,671
Household Durables - 1.2%
Whirlpool Corp. (L)	76,610		9,075,221
Internet & Catalog Retail - 2.6%
HomeAway, Inc. (I)(L)	198,490		6,450,925
Netflix, Inc. (I)	26,110		4,945,495
TripAdvisor, Inc. (I)	169,720		8,913,694

			20,310,114
Media - 1.2%
AMC Networks, Inc., Class A (I)	23,180		1,464,512
Pandora Media, Inc. (I)(L)	589,350		8,345,196

			9,809,708


Mid Cap Stock Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Specialty Retail - 6.8%
Dick’s Sporting Goods, Inc. (L)	255,390	$	12,079,947
DSW, Inc., Class A (L)	126,886		8,095,327
Dufry Group AG (I)	64,253		7,980,718
Five Below, Inc. (I)(L)	100,390		3,803,777
Francesca’s Holdings Corp. (I)(L)	261,700		7,500,322
Ulta Salon Cosmetics & Fragrance, Inc. (I)	98,600		8,003,362
Urban Outfitters, Inc. (I)	165,380		6,406,821

			53,870,274
Textiles, Apparel & Luxury Goods - 3.5%
Hanesbrands, Inc. (I)(L)	193,260		8,804,926
PVH Corp.	61,930		6,614,743
Samsonite International SA	4,830,300		12,075,437

			27,495,106

			180,390,311
Consumer Staples - 3.1%
Food & Staples Retailing - 1.0%
Whole Foods Market, Inc.	88,980		7,719,015
Household Products - 1.1%
Spectrum Brands Holdings, Inc.	157,868		8,933,750
Personal Products - 1.0%
Hypermarcas SA (I)	969,200		7,678,779

			24,331,544
Energy - 4.8%
Energy Equipment & Services - 1.2%
Trican Well Service, Ltd.	656,740		9,632,747
Oil, Gas & Consumable Fuels - 3.6%
Cabot Oil & Gas Corp.	114,970		7,773,122
Cobalt International Energy, Inc. (I)	169,260		4,773,132
Pioneer Natural Resources Company	81,040		10,069,220
Southwestern Energy Company (I)	155,870		5,807,716

			28,423,190

			38,055,937
Financials - 8.5%
Diversified Financial Services - 1.5%
IntercontinentalExchange, Inc. (I)(L)	74,700		12,181,329
Insurance - 4.1%
Aon PLC	130,930		8,052,195
Assured Guaranty, Ltd.	300,640		6,196,190
The Hanover Insurance Group, Inc.	191,550		9,516,204
XL Group PLC	289,810		8,781,243

			32,545,832
Real Estate Investment Trusts - 1.4%
Host Hotels & Resorts, Inc.	610,668		10,680,583
Real Estate Management & Development - 1.5%
BR Malls Participacoes SA	603,700		7,552,412
Countrywide PLC (I)	3,312		19,626
Zillow, Inc., Class A (I)(L)	71,290		3,897,424

			11,469,462

			66,877,206
Health Care - 15.5%
Biotechnology - 2.2%
Arena Pharmaceuticals, Inc. (I)(L)	383,790		3,150,916
Cubist Pharmaceuticals, Inc. (I)	80,950		3,790,079
Onyx Pharmaceuticals, Inc. (I)(L)	32,500		2,887,950
Regeneron Pharmaceuticals, Inc. (I)	28,660		5,055,624

226

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Mid Cap Stock Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Biotechnology (continued)
Vertex Pharmaceuticals, Inc. (I)	51,100	$	2,809,478

			17,694,047
Health Care Equipment & Supplies - 4.8%
Boston Scientific Corp. (I)	715,700		5,589,617
Edwards Lifesciences Corp. (I)(L)	117,240		9,632,438
HeartWare International, Inc. (I)(L)	70,910		6,270,571
Hologic, Inc. (I)(L)	725,910		16,405,566

			37,898,192
Health Care Providers & Services - 3.0%
Air Methods Corp. (L)	132,170		6,375,881
Catamaran Corp. (I)	248,420		13,173,713
Team Health Holdings, Inc. (I)	111,550		4,058,189

			23,607,783
Life Sciences Tools & Services - 2.4%
Agilent Technologies, Inc.	243,180		10,206,265
Covance, Inc. (I)	114,730		8,526,734

			18,732,999
Pharmaceuticals - 3.1%
Actavis, Inc. (I)	129,410		11,919,955
Forest Laboratories, Inc. (I)	212,300		8,075,892
Salix Pharmaceuticals, Ltd. (I)	83,670		4,282,231

			24,278,078

			122,211,099
Industrials - 9.6%
Aerospace & Defense - 1.8%
DigitalGlobe, Inc. (I)	475,250		13,739,478
Airlines - 1.0%
Spirit Airlines, Inc. (I)	309,756		7,855,412
Building Products - 1.0%
Armstrong World Industries, Inc. (I)	82,100		4,588,569
Owens Corning (I)	90,468		3,567,153

			8,155,722
Construction & Engineering - 1.2%
KBR, Inc.	299,950		9,622,396
Electrical Equipment - 1.4%
Polypore International, Inc. (I)(L)	275,519		11,070,353
Machinery - 0.8%
Colfax Corp. (I)(L)	15,787		734,727
Pall Corp.	77,710		5,313,033

			6,047,760
Professional Services - 1.4%
IHS, Inc., Class A (I)	103,568		10,845,641
Trading Companies & Distributors - 1.0%
WESCO International, Inc. (I)(L)	112,430		8,163,542

			75,500,304
Information Technology - 25.8%
Communications Equipment - 2.6%
JDS Uniphase Corp. (I)	580,660		7,763,424
Juniper Networks, Inc. (I)	341,330		6,328,258
Palo Alto Networks, Inc. (I)(L)	107,800		6,101,480

			20,193,162
Computers & Peripherals - 1.0%
SanDisk Corp. (I)	141,620		7,789,100


Mid Cap Stock Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Electronic Equipment, Instruments & Components - 0.5%
National Instruments Corp. (L)	125,730	$	4,117,658
Internet Software & Services - 5.2%
Akamai Technologies, Inc. (I)(L)	342,754		12,095,789
Cornerstone OnDemand, Inc. (I)(L)	116,234		3,963,579
IAC/InterActiveCorp	125,760		5,618,957
LinkedIn Corp., Class A (I)	100,110		17,625,367
Trulia, Inc. (I)	42,220		1,324,864

			40,628,556
IT Services - 2.4%
Teradata Corp. (I)	174,871		10,231,702
Vantiv, Inc., Class A (I)	380,610		9,035,681

			19,267,383
Semiconductors & Semiconductor Equipment - 1.7%
Micron Technology, Inc. (I)	436,030		4,351,579
NXP Semiconductor NV (I)	303,830		9,193,896

			13,545,475
Software - 12.4%
Autodesk, Inc. (I)	317,120		13,078,029
Cadence Design Systems, Inc. (I)(L)	792,200		11,035,346
Concur Technologies, Inc. (I)(L)	126,960		8,717,074
MICROS Systems, Inc. (I)(L)	224,720		10,227,007
Red Hat, Inc. (I)	64,500		3,261,120
Salesforce.com, Inc. (I)(L)	56,730		10,145,026
ServiceNow, Inc. (I)(L)	318,977		11,546,967
Solera Holdings, Inc.	138,060		8,053,040
Splunk, Inc. (I)	137,260		5,494,518
Symantec Corp. (I)	339,450		8,377,626
TIBCO Software, Inc. (I)	395,950		8,006,109

			97,941,862

			203,483,196
Materials - 5.8%
Chemicals - 1.0%
Methanex Corp.	193,980		7,881,407
Containers & Packaging - 2.6%
Crown Holdings, Inc. (I)	217,050		9,031,451
Rock-Tenn Company, Class A	125,800		11,672,982

			20,704,433
Paper & Forest Products - 2.2%
International Paper Company	198,810		9,260,570
Louisiana-Pacific Corp. (I)(L)	348,817		7,534,447

			16,795,017

			45,380,857
Telecommunication Services - 0.8%
Wireless Telecommunication Services - 0.8%
Crown Castle International Corp. (I)	88,360		6,153,390

TOTAL COMMON STOCKS (Cost $640,292,419)		$	762,383,844


SECURITIES LENDING COLLATERAL - 23.7%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)	18,598,894		186,150,753

TOTAL SECURITIES LENDING
COLLATERAL (Cost $186,141,204)		$	186,150,753

227

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Mid Cap Stock Trust (continued)
		Shares or
		Principal
		Amount		Value


SHORT-TERM INVESTMENTS - 3.3%
Repurchase Agreement - 3.3%
Deutsche Bank Tri-Party Repurchase
Agreement dated 03/28/2013 at 0.250% to
be repurchased at $26,000,722 on
04/01/2013, collateralized by $25,476,273
Government National Mortgage Association,
2.550% - 4.500% due 12/20/2026 -
04/15/2048 (valued at $26,520,000,
including interest)	$	26,000,000	$	26,000,000

TOTAL SHORT-TERM INVESTMENTS (Cost $26,000,000)			$	26,000,000

Total Investments (Mid Cap Stock Trust)
(Cost $852,433,623) - 123.8%			$	974,534,597
Other assets and liabilities, net - (23.8%)				(187,199,319)

TOTAL NET ASSETS - 100.0%			$	787,335,278


Mid Cap Value Equity Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 98.1%
Consumer Discretionary - 9.3%
Auto Components - 1.6%
TRW Automotive Holdings Corp. (I)	25,873	$	1,423,017
Visteon Corp. (I)	15,157		874,559

			2,297,576
Automobiles - 0.3%
Ford Motor Company	26,293		345,753
Hotels, Restaurants & Leisure - 1.5%
Darden Restaurants, Inc.	14,166		732,099
Penn National Gaming, Inc. (I)(L)	9,740		530,148
Royal Caribbean Cruises, Ltd.	27,872		925,908

			2,188,155
Household Durables - 1.1%
Newell Rubbermaid, Inc.	58,548		1,528,103
Internet & Catalog Retail - 1.5%
Liberty Interactive Corp., Series A (I)	84,296		1,802,248
Liberty Ventures, Series A (I)	5,257		397,324

			2,199,572
Media - 1.8%
Liberty Media Corp. (I)	8,727		974,195
Omnicom Group, Inc.	6,400		376,960
Starz - Liberty Capital (I)	8,603		190,556
The Interpublic Group of Companies, Inc.	80,658		1,050,974

			2,592,685
Multiline Retail - 0.6%
J.C. Penney Company, Inc. (L)	17,800		268,958
Kohl’s Corp.	3,955		182,444
Macy’s, Inc.	8,638		361,414

			812,816
Specialty Retail - 0.9%
GameStop Corp., Class A (L)	22,483		628,850
The Gap, Inc.	20,062		710,195

			1,339,045

			13,303,705


Mid Cap Value Equity Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Consumer Staples - 3.1%
Food Products - 1.3%
Hillshire Brands Company	11,409	$	401,026
Mead Johnson Nutrition Company	4,805		372,147
Post Holdings, Inc. (I)	15,952		684,819
The J.M. Smucker Company	4,007		397,334

			1,855,326
Household Products - 0.9%
The Clorox Company	13,874		1,228,265
Personal Products - 0.6%
Avon Products, Inc.	44,376		919,914
Tobacco - 0.3%
Lorillard, Inc.	11,187		451,395

			4,454,900
Energy - 9.7%
Energy Equipment & Services - 2.0%
C&J Energy Services, Inc. (I)(L)	27,154		621,827
Ensco PLC, Class A	24,897		1,493,820
Noble Corp.	20,215		771,202

			2,886,849
Oil, Gas & Consumable Fuels - 7.7%
Cameco Corp. (Toronto Stock Exchange) (L)	10,000		207,800
EQT Corp.	19,544		1,324,106
HollyFrontier Corp.	4,805		247,217
Kinder Morgan, Inc.	17,564		679,376
Marathon Petroleum Corp.	22,662		2,030,515
Pioneer Natural Resources Company	13,768		1,710,674
Southwestern Energy Company (I)	22,700		845,802
Spectra Energy Corp.	47,603		1,463,792
Valero Energy Corp.	32,693		1,487,205
Whiting Petroleum Corp. (I)	17,976		913,900

			10,910,387

			13,797,236
Financials - 26.2%
Capital Markets - 2.4%
Invesco, Ltd.	92,754		2,686,156
Lazard, Ltd., Class A	20,853		711,713

			3,397,869
Commercial Banks - 9.4%
CIT Group, Inc. (I)	60,509		2,630,931
Comerica, Inc. (L)	75,353		2,708,940
Fifth Third Bancorp	172,964		2,821,043
Huntington Bancshares, Inc.	258,527		1,910,515
M&T Bank Corp. (L)	14,715		1,517,999
SunTrust Banks, Inc.	15,887		457,704
TCF Financial Corp. (L)	91,078		1,362,527

			13,409,659
Insurance - 11.9%
Axis Capital Holdings, Ltd.	63,447		2,640,664
Everest Re Group, Ltd.	9,809		1,273,797
Hartford Financial Services Group, Inc.	72,424		1,868,539
Lincoln National Corp. (L)	74,604		2,432,836
PartnerRe, Ltd. (L)	10,956		1,020,113
Principal Financial Group, Inc. (L)	25,195		857,386
Reinsurance Group of America, Inc.	33,442		1,995,484
Validus Holdings, Ltd.	33,915		1,267,404
W.R. Berkley Corp.	8,828		391,698

228

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Mid Cap Value Equity Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Insurance (continued)
XL Group PLC	106,105	$	3,214,982

			16,962,903
Real Estate Investment Trusts - 2.5%
Equity Lifestyle Properties, Inc.	6,164		473,395
General Growth Properties, Inc.	21,733		432,052
Hospitality Properties Trust	16,677		457,617
Omega Healthcare Investors, Inc. (L)	13,471		408,980
Rayonier, Inc. (L)	31,801		1,897,566

			3,669,610

			37,440,041
Health Care - 9.4%
Health Care Equipment & Supplies - 4.4%
Boston Scientific Corp. (I)	285,625		2,230,731
Teleflex, Inc.	27,320		2,308,813
Zimmer Holdings, Inc.	23,560		1,772,183

			6,311,727
Health Care Providers & Services - 2.9%
Cigna Corp.	40,061		2,498,605
Community Health Systems, Inc.	9,342		442,717
Universal Health Services, Inc., Class B	18,196		1,162,179

			4,103,501
Life Sciences Tools & Services - 0.2%
Agilent Technologies, Inc.	8,429		353,765
Pharmaceuticals - 1.9%
Actavis, Inc. (I)	28,800		2,652,768

			13,421,761
Industrials - 16.6%
Aerospace & Defense - 1.2%
Embraer SA, ADR	28,482		1,015,953
L-3 Communications Holdings, Inc.	3,335		269,868
Raytheon Company	6,977		410,178

			1,695,999
Airlines - 1.7%
Delta Air Lines, Inc. (I)	66,484		1,097,651
United Continental Holdings, Inc. (I)	42,864		1,372,077

			2,469,728
Building Products - 1.7%
AO Smith Corp.	32,147		2,365,055
Commercial Services & Supplies - 0.7%
R.R. Donnelley & Sons Company (L)	86,981		1,048,121
Construction & Engineering - 1.9%
Fluor Corp.	17,446		1,157,193
Jacobs Engineering Group, Inc. (I)	20,820		1,170,917
KBR, Inc.	13,898		445,848

			2,773,958
Electrical Equipment - 2.3%
Eaton Corp. PLC	32,745		2,005,631
Rockwell Automation, Inc.	14,337		1,238,000

			3,243,631
Machinery - 2.7%
AGCO Corp.	10,811		563,469
Harsco Corp.	17,813		441,228
Joy Global, Inc.	13,864		825,185
Parker Hannifin Corp.	18,264		1,672,617


Mid Cap Value Equity Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Machinery (continued)
SPX Corp.	4,938	$	389,904

			3,892,403
Road & Rail - 4.4%
J.B. Hunt Transport Services, Inc. (L)	25,678		1,912,497
Kansas City Southern	32,100		3,559,890
Werner Enterprises, Inc. (L)	32,961		795,679

			6,268,066

			23,756,961
Information Technology - 8.0%
Computers & Peripherals - 1.1%
NCR Corp. (I)	56,140		1,547,218
Electronic Equipment, Instruments & Components - 2.3%
Amphenol Corp., Class A	26,697		1,992,931
Avnet, Inc. (I)	35,194		1,274,023

			3,266,954
IT Services - 0.9%
Amdocs, Ltd.	35,502		1,286,948
Semiconductors & Semiconductor Equipment - 3.7%
Analog Devices, Inc.	14,395		669,224
Fairchild Semiconductor International, Inc. (I)	37,183		525,768
Infineon Technologies AG, ADR (L)	47,313		376,611
LSI Corp. (I)	199,048		1,349,545
Microchip Technology, Inc. (L)	17,115		629,147
ON Semiconductor Corp. (I)	133,060		1,101,737
United Microelectronics Corp., ADR (L)	366,460		659,628

			5,311,660

			11,412,780
Materials - 7.9%
Chemicals - 5.4%
Agrium, Inc.	6,923		674,993
Eastman Chemical Company	63,650		4,447,226
PPG Industries, Inc.	18,827		2,521,688

			7,643,907
Containers & Packaging - 1.1%
Rock-Tenn Company, Class A	10,439		968,635
Sealed Air Corp.	26,611		641,591

			1,610,226
Paper & Forest Products - 1.4%
Domtar Corp. (L)	8,941		694,000
International Paper Company	27,458		1,278,994

			1,972,994

			11,227,127
Telecommunication Services - 0.8%
Diversified Telecommunication Services - 0.8%
CenturyLink, Inc. (L)	30,657		1,076,980
Utilities - 7.1%
Electric Utilities - 3.3%
Entergy Corp.	16,260		1,028,282
NV Energy, Inc.	104,743		2,098,002
Pepco Holdings, Inc.	48,242		1,032,379
Xcel Energy, Inc.	18,582		551,885

			4,710,548
Gas Utilities - 1.0%
Questar Corp.	61,252		1,490,261

229

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Mid Cap Value Equity Trust (continued)
		Shares or
		Principal
		Amount		Value

COMMON STOCKS (continued)
Multi-Utilities - 2.8%
Ameren Corp.		17,480	$	612,150
Sempra Energy		22,315		1,783,861
Wisconsin Energy Corp. (L)		36,076		1,547,300

				3,943,311

				10,144,120

TOTAL COMMON STOCKS (Cost $108,905,599)			$	140,035,611

CONVERTIBLE BONDS - 0.2%
Materials - 0.2%
Construction Materials - 0.2%
Cemex SAB de CV
3.750%, 03/15/2018	$	233,000	$	315,424

TOTAL CONVERTIBLE BONDS (Cost $233,000)			$	315,424

WARRANTS - 0.1%
Kinder Morgan, Inc. (Expiration Date:
05/25/2017; Strike Price: $40.00) (I)		24,669		126,799

TOTAL WARRANTS (Cost $42,614)			$	126,799

SECURITIES LENDING COLLATERAL - 11.3%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		1,612,777		16,141,806

TOTAL SECURITIES LENDING
COLLATERAL (Cost $16,141,439)			$	16,141,806

SHORT-TERM INVESTMENTS - 2.2%
Commercial Paper - 2.2%
Bryant Park Funding LLC 0.180%,
04/01/2013 *	$	3,100,000	$	3,100,000

TOTAL SHORT-TERM INVESTMENTS (Cost $3,100,000)			$	3,100,000

Total Investments (Mid Cap Value Equity Trust)
(Cost $128,422,652) - 111.9%			$	159,719,640
Other assets and liabilities, net - (11.9%)				(16,965,154)

TOTAL NET ASSETS - 100.0%			$	142,754,486


Mid Value Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 93.2%
Consumer Discretionary - 8.4%
Auto Components - 0.6%
Visteon Corp. (I)	88,500	$	5,106,450
Diversified Consumer Services - 0.3%
Strayer Education, Inc. (L)	59,305		2,869,176
Hotels, Restaurants & Leisure - 0.6%
International Game Technology	295,600		4,877,400
Leisure Equipment & Products - 1.8%
Hasbro, Inc. (L)	68,800		3,023,072
Mattel, Inc.	209,300		9,165,248
Sankyo Company, Ltd.	48,700		2,280,810

			14,469,130
Media - 3.6%
Cablevision Systems Corp., Class A (L)	495,000		7,405,200


Mid Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Media (continued)
Charter Communications, Inc., Class A (I)	74,900	$	7,803,082
DreamWorks Animation
SKG, Inc., Class A (I)(L)	284,800		5,399,808
Scholastic Corp. (L)	50,024		1,333,140
The Washington Post Company, Class B (L)	15,800		7,062,600

			29,003,830
Specialty Retail - 1.5%
CarMax, Inc. (I)	76,700		3,198,390
The Gap, Inc.	252,500		8,938,500

			12,136,890

			68,462,876
Consumer Staples - 10.3%
Beverages - 0.6%
Beam, Inc.	36,800		2,338,272
Brown-Forman Corp., Class B	39,800		2,841,720

			5,179,992
Food & Staples Retailing - 3.6%
Sysco Corp. (L)	325,600		11,451,352
The Kroger Company	542,000		17,961,880

			29,413,232
Food Products - 3.8%
Archer-Daniels-Midland Company	230,300		7,768,019
Campbell Soup Company (L)	21,600		979,776
Flowers Foods, Inc.	256,400		8,445,816
Kellogg Company	103,400		6,662,062
McCormick & Company, Inc., Non
Voting Shares (L)	64,400		4,736,620
Tootsie Roll Industries, Inc. (L)	82,641		2,471,801

			31,064,094
Household Products - 0.7%
The Clorox Company	65,800		5,825,274
Personal Products - 1.6%
Avon Products, Inc.	610,300		12,651,519

			84,134,111
Energy - 10.2%
Energy Equipment & Services - 1.8%
Exterran Holdings, Inc. (I)(L)	537,122		14,502,294
Oil, Gas & Consumable Fuels - 8.4%
CONSOL Energy, Inc.	271,800		9,146,070
Hess Corp.	211,900		15,174,159
Murphy Oil Corp.	114,200		7,277,966
PBF Energy, Inc. (L)	163,600		6,081,012
QEP Resources, Inc.	149,900		4,772,816
Talisman Energy, Inc.	981,700		12,002,475
Valero Energy Corp.	90,800		4,130,492
WPX Energy, Inc. (I)(L)	627,100		10,046,142

			68,631,132

			83,133,426
Financials - 24.1%
Capital Markets - 6.5%
E*TRADE Financial Corp. (I)	1,111,644		11,905,707
Federated Investors, Inc., Class B (L)	36,000		852,120
Greenhill & Company, Inc.	35,009		1,868,780
Janus Capital Group, Inc. (L)	60,768		571,219
Lazard, Ltd., Class A	335,600		11,454,028
Legg Mason, Inc. (L)	228,800		7,355,920

230

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Mid Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Capital Markets (continued)
Northern Trust Corp.	349,900	$	19,090,544

			53,098,318
Commercial Banks - 5.2%
BankUnited, Inc.	117,500		3,010,350
CIT Group, Inc. (I)	321,500		13,978,820
Commerce Bancshares, Inc.	66,068		2,697,556
First Horizon National Corp. (L)	923,549		9,863,503
M&T Bank Corp. (L)	21,600		2,228,256
SunTrust Banks, Inc.	161,100		4,641,291
Westamerica Bancorp. (L)	124,300		5,634,519

			42,054,295
Diversified Financial Services - 0.1%
Groupe Bruxelles Lambert SA	8,210		628,053
Insurance - 8.4%
Axis Capital Holdings, Ltd.	47,400		1,972,788
CNA Financial Corp.	100,000		3,269,000
Enstar Group, Ltd. (I)	6,338		787,750
Fidelity National Financial, Inc., Class A	309,900		7,818,777
First American Financial Corp.	379,200		9,696,144
Kemper Corp.	183,754		5,992,218
Loews Corp.	151,400		6,672,198
Marsh & McLennan Companies, Inc.	304,600		11,565,662
OneBeacon Insurance Group, Ltd., Class A (L)	116,500		1,575,080
The Progressive Corp.	297,200		7,510,244
White Mountains Insurance Group, Ltd.	20,100		11,399,112

			68,258,973
Real Estate Investment Trusts - 2.4%
Cousins Properties, Inc.	201,887		2,158,172
General Growth Properties, Inc.	97,329		1,934,901
Vornado Realty Trust	23,900		1,998,996
Weingarten Realty Investors (L)	128,600		4,057,330
Weyerhaeuser Company	307,936		9,663,032

			19,812,431
Real Estate Management & Development - 0.9%
Forest City Enterprises, Inc., Class A (I)(L)	135,900		2,414,943
The Howard Hughes Corp. (I)	16,405		1,374,903
The St. Joe Company (I)(L)	174,517		3,708,486

			7,498,332
Thrifts & Mortgage Finance - 0.6%
Capitol Federal Financial, Inc.	402,898		4,862,979

			196,213,381
Health Care - 7.2%
Health Care Equipment & Supplies - 0.6%
Wright Medical Group, Inc. (I)(L)	125,900		2,997,679
Zimmer Holdings, Inc.	19,900		1,496,878

			4,494,557
Health Care Providers & Services - 2.9%
HealthSouth Corp. (I)(L)	333,070		8,783,056
Kindred Healthcare, Inc. (I)(L)	209,600		2,207,088
Quest Diagnostics, Inc.	64,900		3,663,605
Select Medical Holdings Corp.	300,300		2,702,700
Tenet Healthcare Corp. (I)	135,600		6,451,848

			23,808,297
Life Sciences Tools & Services - 1.4%
Life Technologies Corp. (I)	176,500		11,407,195
Pharmaceuticals - 2.3%
Forest Laboratories, Inc. (I)	190,700		7,254,228


Mid Value Trust (continued)
	Shares or
	Principal
	Amount		Value

COMMON STOCKS (continued)
Pharmaceuticals (continued)
Hospira, Inc. (I)	345,100	$	11,329,633
Zoetis, Inc. (I)	11,800		394,120

			18,977,981

			58,688,030
Industrials - 8.6%
Aerospace & Defense - 2.2%
Raytheon Company	79,900		4,697,321
Textron, Inc.	436,900		13,023,989

			17,721,310
Air Freight & Logistics - 0.0%
C.H. Robinson Worldwide, Inc.	6,700		398,382
Airlines - 2.3%
Southwest Airlines Company	1,377,900		18,574,092
Commercial Services & Supplies - 0.9%
Cintas Corp. (L)	159,200		7,025,496
Electrical Equipment - 0.5%
The Babcock & Wilcox Company	147,404		4,187,748
Machinery - 1.1%
Ingersoll-Rand PLC	167,400		9,208,674
Professional Services - 1.6%
ManpowerGroup, Inc.	226,000		12,818,720

			69,934,422
Information Technology - 6.8%
Communications Equipment - 0.8%
ADTRAN, Inc. (L)	210,800		4,142,220
Tellabs, Inc.	982,500		2,053,425

			6,195,645
Electronic Equipment, Instruments & Components - 1.6%
AVX Corp.	232,900		2,771,510
Molex, Inc., Class A	412,527		9,950,151

			12,721,661
IT Services - 1.6%
Automatic Data Processing, Inc.	12,400		806,248
CoreLogic, Inc. (I)	161,600		4,178,976
Lender Processing Services, Inc.	329,100		8,378,886

			13,364,110
Semiconductors & Semiconductor Equipment - 2.6%
Applied Materials, Inc.	870,100		11,728,948
ASML Holding NV, ADR (L)	35,323		2,402,317
Marvell Technology Group, Ltd.	331,700		3,509,386
ON Semiconductor Corp. (I)	471,800		3,906,504

			21,547,155
Software - 0.2%
Electronic Arts, Inc. (I)	57,700		1,021,290
FactSet Research Systems, Inc.	8,100		750,060

			1,771,350

			55,599,921
Materials - 8.0%
Chemicals - 1.7%
International Flavors & Fragrances, Inc.	97,600		7,482,992
The Scotts Miracle-Gro Company, Class A (L)	138,300		5,980,092

			13,463,084
Construction Materials - 1.0%
Vulcan Materials Company	162,407		8,396,442

231

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Mid Value Trust (continued)
		Shares or
		Principal
		Amount		Value


COMMON STOCKS (continued)
Containers & Packaging - 2.1%
MeadWestvaco Corp.		214,000	$	7,768,200
Packaging Corp. of America		212,800		9,548,336

				17,316,536
Metals & Mining - 3.2%
AngloGold Ashanti, Ltd., ADR		79,900		1,881,645
Cliffs Natural Resources, Inc. (L)		71,700		1,363,017
Franco-Nevada Corp. (L)		118,500		5,409,111
Gold Fields, Ltd., ADR		452,200		3,504,550
Lonmin PLC (I)(L)		495,661		2,194,158
Newmont Mining Corp.		214,700		8,993,783
Nucor Corp.		64,500		2,976,675
Sibanye Gold, Ltd., ADR (I)		32,125		181,506

				26,504,445

				65,680,507
Telecommunication Services - 0.8%
Wireless Telecommunication Services - 0.8%
Telephone & Data Systems, Inc.		295,436		6,224,837
Utilities - 8.8%
Electric Utilities - 4.1%
American Electric Power Company, Inc.		132,200		6,428,886
Duke Energy Corp.		43,233		3,138,283
Entergy Corp.		48,900		3,092,436
FirstEnergy Corp.		211,611		8,929,984
Pepco Holdings, Inc.		126,900		2,715,660
PPL Corp.		299,900		9,389,869

				33,695,118
Independent Power Producers & Energy Traders - 3.6%
Calpine Corp. (I)		432,500		8,909,500
Dynegy, Inc. (I)(L)		154,300		3,701,657
NRG Energy, Inc.		614,405		16,275,588

				28,886,745
Multi-Utilities - 1.1%
NiSource, Inc.		184,300		5,407,362
TECO Energy, Inc. (L)		211,800		3,774,276

				9,181,638

				71,763,501

TOTAL COMMON STOCKS (Cost $603,683,959)			$	759,835,012


CONVERTIBLE BONDS - 0.5%
Financials - 0.1%
Radian Group, Inc. 2.250%, 03/01/2019	$	659,000	$	794,095
Materials - 0.4%
Alcoa, Inc. 5.250%, 03/15/2014		2,671,000		3,694,327

TOTAL CONVERTIBLE BONDS (Cost $4,840,282)			$	4,488,422


SECURITIES LENDING COLLATERAL - 11.9%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		9,679,803	$	96,882,239

TOTAL SECURITIES LENDING
COLLATERAL (Cost $96,881,360)			$	96,882,239


SHORT-TERM INVESTMENTS - 5.7%
Money Market Funds - 5.7%
State Street Institutional U.S. Government
Money Market Fund, 0.2414% (Y)		2,583,953		2,583,953


Mid Value Trust (continued)
	Shares or
	Principal
	Amount		Value

SHORT-TERM INVESTMENTS (continued)
Money Market Funds (continued)
T. Rowe Price Reserve Investment
Fund, 0.0959% (Y)	44,354,285	$	44,354,285

			46,938,238

TOTAL SHORT-TERM INVESTMENTS (Cost $46,938,238)		$	46,938,238

Total Investments (Mid Value Trust)
(Cost $752,343,839) - 111.3%		$	908,143,911
Other assets and liabilities, net - (11.3%)			(92,498,483)

TOTAL NET ASSETS - 100.0%		$	815,645,428


Money Market Trust
	Shares or
	Principal
	Amount		Value


COMMERCIAL PAPER - 13.8%
Bank of Nova Scotia 0.070%, 04/03/2013 * $	15,000,000	$	14,999,942
Bank of Tokyo-Mitsubishi UFJ, Ltd. 0.160%,
04/01/2013 *	30,000,000		30,000,000
Barclays Bank PLC
0.120%, 04/04/2013 *	25,000,000		24,999,750
0.080%, 04/01/2013 *	100,000,000		100,000,000
Chevron Corp. 0.080%, 04/04/2013 (S)*	15,000,000		14,999,900
Deutsche Bank Financial LLC 0.190%,
04/18/2013 *	30,000,000		29,997,308
National Australia Funding
0.330%, 09/10/2013 (S)*	30,000,000		29,955,450
National Rural Utilities
Cooperative Finance Corp.
0.140%, 04/01/2013 *	25,000,000		25,000,000
0.130%, 05/06/2013 *	14,800,000		14,798,130
Pfizer, Inc. 0.080%, 04/15/2013 (S)*	50,000,000		49,998,444
Toronto-Dominion Bank
0.210%, 09/23/2013 (S)*	20,000,000		19,979,583
Wal-Mart Stores, Inc. 0.070%, 04/10/2013 (S)*	58,148,000		58,146,982

TOTAL COMMERCIAL PAPER (Cost $412,875,489)		$	412,875,489


CORPORATE INTEREST-BEARING
OBLIGATIONS - 27.1%
American Honda Finance Corp.
0.448%, 05/02/2013 (P)(S)*	13,000,000		13,001,419
0.378%, 08/02/2013 (P)(S)*	75,000,000		75,000,000
0.323%, 11/08/2013 (P)(S)*	25,000,000		25,000,000
0.304%, 12/05/2013 (P)(S)*	21,000,000		21,000,000
Credit Suisse New York 5.000%, 05/15/2013 *	26,444,000		26,586,864
Credit Suisse USA, Inc.
0.555%, 04/12/2013 (P)*	65,051,000		65,056,198
Deutsche Bank AG 4.875%, 05/20/2013 *	82,005,000		82,488,094
General Electric Capital Corp.
5.400%, 09/20/2013 *	22,556,000		23,092,631
4.800%, 05/01/2013 *	20,000,000		20,068,310
1.875%, 09/16/2013 *	18,117,000		18,243,153
JPMorgan Chase & Company
4.750%, 05/01/2013 *	109,795,000		110,176,617
1.650%, 09/30/2013 *	21,119,000		21,251,212
0.274%, 05/28/2013 (P)*	20,000,000		20,000,000
National Australia Bank
1.025%, 04/11/2014 (P)(S)*	42,310,000		42,616,828
Toyota Motor Credit Corp.
0.381%, 07/25/2013 (P)*	60,000,000		60,000,000
0.380%, 06/13/2013 (P)*	85,000,000		85,000,000

232

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Money Market Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE INTEREST-BEARING
OBLIGATIONS (continued)
Wachovia Corp.
5.500%, 05/01/2013 *	$	75,000,000	$	75,289,565
2.069%, 05/01/2013 (P)*		30,000,000		30,043,321

TOTAL CORPORATE INTEREST-BEARING
OBLIGATIONS (Cost $813,914,212)			$	813,914,212


U.S. GOVERNMENT & AGENCY
OBLIGATIONS - 22.2%
U.S. Government - 11.5%
U.S. Cash Management Bill 0.105%,
04/15/2013 *		100,000,000		99,995,917
U.S. Treasury Bill
0.085%, 05/23/2013 *		50,000,000		49,993,861
0.088%, 04/18/2013 *		35,100,000		35,098,550
0.090%, 05/02/2013 *		65,000,000		64,994,963
0.100%, 06/20/2013 *		20,000,000		19,995,556
0.135%, 06/13/2013 *		9,000,000		8,997,536
U.S. Treasury Note
0.500%, 10/15/2013 *		40,000,000		40,075,243
4.250%, 08/15/2013 *		25,000,000		25,380,765
U.S. Government Agency - 10.7%
Federal Agricultural Mortgage Corp. 0.060%,
04/16/2013 *		24,000,000		23,999,400
Federal Home Loan Bank
0.100%, 04/01/2013 to 04/03/2013 *		99,150,000		99,149,866
0.106%, 04/05/2013 *		115,000,000		114,998,650
0.200%, 02/28/2014 *		85,000,000		85,000,000

TOTAL U.S. GOVERNMENT & AGENCY
OBLIGATIONS (Cost $667,680,307)			$	667,680,307


CERTIFICATE OF DEPOSIT - 37.2%
Australia & New Zealand Banking Group, Ltd.
0.290%, 05/16/2013 *		80,000,000		80,000,996
Bank of Montreal
0.200%, 04/15/2013 *		12,000,000		12,000,187
0.180%, 04/16/2013 *		34,000,000		34,000,000
0.130%, 04/02/2013 *		40,000,000		40,000,000
0.120%, 04/03/2013 *		30,700,000		30,700,000
Bank of Nova Scotia
0.723%, 10/18/2013 (P)*		40,000,000		40,086,020
0.450%, 04/18/2013 (P)*		60,000,000		60,000,000
0.330%, 10/09/2013 *		30,000,000		30,000,000
Bank of Tokyo-Mitsubishi UFJ, Ltd.
0.542%, 05/14/2013 (P)*		80,000,000		80,000,952
0.370%, 10/21/2013 *		30,000,000		30,000,000
Canadian Imperial Bank of Commerce
0.310%, 12/31/2013 (P)*		103,000,000		103,000,000
Canadian Imperial Bank of Commerce
0.520%, 06/05/2013 (P)*		50,000,000		50,000,901
National Bank of Canada
0.380%, 10/04/2013 *		21,000,000		20,999,995
0.360%, 09/13/2013 (P)*		50,000,000		50,000,000
0.330%, 06/18/2013 *		50,000,000		50,000,000
Royal Bank of Canada
0.363%, 10/07/2013 (P)*		100,000,000		100,000,000
0.350%, 01/30/2014 (P)*		40,000,000		40,000,000
Toronto-Dominion Bank
0.330%, 09/10/2013 *		50,000,000		50,000,000
0.305%, 10/15/2013 *		25,000,000		25,000,000
0.140%, 04/01/2013 *		50,000,000		50,000,000
Westpac Banking Corp.
0.590%, 04/24/2013 *		100,000,000		100,000,000


Money Market Trust (continued)
		Shares or
		Principal
		Amount		Value

CERTIFICATE OF DEPOSIT (continued)
Westpac Banking Corp. (continued)
0.320%, 04/28/2014 (P)*	$	40,000,000	$	40,000,000

TOTAL CERTIFICATE OF DEPOSIT (Cost $1,115,789,051)			$	1,115,789,051

Total Investments (Money Market Trust)
(Cost $3,010,259,059) - 100.3%			$	3,010,259,059
Other assets and liabilities, net - (0.3%)				(8,010,330)

TOTAL NET ASSETS - 100.0%			$	3,002,248,729


Money Market Trust B
	Shares or
	Principal
	Amount		Value


COMMERCIAL PAPER - 11.5%
Bank of Nova Scotia 0.125%, 04/01/2013 * $	4,000,000	$	4,000,000
Bank of Tokyo-Mitsubishi UFJ, Ltd. 0.180%,
04/30/2013 *	1,000,000		999,855
Bank of Tokyo-Mitsubishi UFJ, Ltd. 0.160%,
04/01/2013 *	5,000,000		5,000,000
Barclays Bank PLC 0.080%, 04/01/2013 *	15,000,000		15,000,000
Deutsche Bank Financial LLC 0.180%,
04/18/2013 *	5,710,000		5,709,515
National Australia Funding
0.330%, 09/10/2013 (S)*	5,000,000		4,992,575
National Rural Utilities Cooperative
Finance Corp. 0.140%, 04/01/2013 *	25,000,000		25,000,000

TOTAL COMMERCIAL PAPER (Cost $60,701,945)		$	60,701,945


CORPORATE INTEREST-BEARING
OBLIGATIONS - 30.9%
American Honda Finance Corp.
0.304%, 12/05/2013 (P)(S)*	4,000,000		4,000,000
0.323%, 11/08/2013 (P)(S)*	5,000,000		5,000,000
0.378%, 08/02/2013 (P)(S)*	10,000,000		10,000,000
0.448%, 05/02/2013 (P)(S)*	2,000,000		2,000,218
ANZ National International, Ltd.
0.355%, 04/12/2013 (S)*	10,000,000		10,000,000
6.200%, 07/19/2013 (S)*	2,000,000		2,034,788
Credit Suisse New York 5.000%, 05/15/2013 *	5,000,000		5,026,674
Credit Suisse USA, Inc.
0.555%, 04/12/2013 (P)*	10,000,000		10,000,799
Deutsche Bank AG 4.875%, 05/20/2013 *	14,485,000		14,570,286
General Electric Capital Corp.
1.875%, 09/16/2013 *	5,400,000		5,437,026
4.800%, 05/01/2013 *	5,000,000		5,017,078
JPMorgan Chase & Company
0.274%, 05/28/2013 (P)*	5,000,000		5,000,000
1.650%, 09/30/2013 *	3,000,000		3,018,712
4.750%, 05/01/2013 *	17,000,000		17,058,825
National Australia Bank
1.025%, 04/11/2014 (P)(S)*	6,000,000		6,043,511
Toronto-Dominion Bank 0.190%, 04/22/2013 *	14,680,000		14,680,043
Toyota Motor Credit Corp.
0.380%, 06/13/2013 (P)*	15,000,000		15,000,000
0.381%, 07/25/2013 (P)*	10,000,000		10,000,000
Wachovia Corp.
2.069%, 05/01/2013 (P)*	4,553,000		4,559,575
5.500%, 05/01/2013 *	15,000,000		15,057,913

TOTAL CORPORATE INTEREST-BEARING
OBLIGATIONS (Cost $163,505,448)		$	163,505,448

233

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Money Market Trust B (continued)
		Shares or
		Principal
		Amount		Value


U.S. GOVERNMENT & AGENCY
OBLIGATIONS - 26.1%
U.S. Government - 13.0%
U.S. Cash Management Bill 0.105%,
04/15/2013 *	$	25,000,000	$	24,998,979
U.S. Treasury Bill
0.088%, 04/18/2013 *		3,250,000		3,249,866
0.090%, 05/02/2013 *		10,000,000		9,999,225
0.100%, 06/20/2013 *		5,000,000		4,998,889
0.135%, 06/13/2013 *		10,000,000		9,997,263
0.168%, 04/04/2013 *		5,000,000		4,999,930
U.S. Treasury Note
0.500%, 10/15/2013 *		5,000,000		5,009,405
4.250%, 08/15/2013 *		5,000,000		5,076,153
U.S. Government Agency - 13.1%
Federal Home Loan Bank
0.090%, 04/24/2013 *		3,650,000		3,649,790
0.100%, 04/01/2013 *		23,000,000		23,000,000
0.106%, 04/03/2013 *		27,648,000		27,647,837
0.200%, 02/28/2014 *		15,000,000		15,000,000

TOTAL U.S. GOVERNMENT & AGENCY
OBLIGATIONS (Cost $137,627,337)			$	137,627,337


CERTIFICATE OF DEPOSIT - 31.7%
Australia & New Zealand Banking Group, Ltd.
0.290%, 05/16/2013 *		10,000,000		10,000,125
Bank of Montreal 0.160%, 04/25/2013 *		25,000,000		25,000,000
Bank of Nova Scotia
0.330%, 10/09/2013 *		5,000,000		5,000,000
0.450%, 04/18/2013 (P)*		10,000,000		10,000,000
0.723%, 10/18/2013 (P)*		6,500,000		6,513,978
Bank of Tokyo-Mitsubishi UFJ, Ltd.
0.370%, 10/21/2013 *		10,000,000		10,000,000
0.542%, 05/14/2013 (P)*		10,000,000		10,000,119
Canadian Imperial Bank of Commerce
0.310%, 12/31/2013 (P)*		7,000,000		7,000,000
0.325%, 04/04/2013 (P)*		8,000,000		8,000,000
0.520%, 06/05/2013 (P)*		10,000,000		10,000,180
National Bank of Canada
0.330%, 06/18/2013 *		5,000,000		5,000,000
0.360%, 09/13/2013 (P)*		8,000,000		8,000,000
0.380%, 10/04/2013 *		4,000,000		3,999,999
Royal Bank of Canada
0.350%, 01/30/2014 (P)*		10,000,000		10,000,000
0.363%, 10/07/2013 (P)*		15,000,000		15,000,000
Toronto-Dominion Bank 0.330%, 09/10/2013 *		5,000,000		5,000,000
Westpac Banking Corp.
0.320%, 04/28/2014 (P)*		4,000,000		4,000,000
0.590%, 04/24/2013 *		15,000,000		15,000,000

TOTAL CERTIFICATE OF DEPOSIT (Cost $167,514,401)			$	167,514,401

Total Investments (Money Market Trust B)
(Cost $529,349,131) - 100.2%			$	529,349,131
Other assets and liabilities, net - (0.2%)				(840,633)

TOTAL NET ASSETS - 100.0%			$	528,508,498


Mutual Shares Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 84.7%
Consumer Discretionary - 8.1%
Automobiles - 1.0%
General Motors Company (I)(L)	226,720	$	6,307,350
Media - 6.4%
British Sky Broadcasting Group PLC	469,314		6,299,074
Comcast Corp., Special Class A	37,717		1,494,348
News Corp., Class B	408,856		12,576,411
Reed Elsevier PLC	790,410		9,409,835
Time Warner Cable, Inc.	94,329		9,061,244
Tribune Company (I)	33,131		1,883,497
Tribune Company, Class B (I)(L)	20,315		1,137,640

			41,862,049
Multiline Retail - 0.7%
Kohl’s Corp.	105,740		4,877,786
Textiles, Apparel & Luxury Goods - 0.0%
Cie Financiere Richemont SA	2,634		207,061

			53,254,246
Consumer Staples - 15.1%
Beverages - 2.3%
Coca-Cola Enterprises, Inc.	122,107		4,508,190
Dr. Pepper Snapple Group, Inc. (L)	105,028		4,931,065
Pernod-Ricard SA	43,161		5,383,900

			14,823,155
Food & Staples Retailing - 5.5%
CVS Caremark Corp.	276,214		15,189,008
The Kroger Company	317,964		10,537,327
Wal-Mart Stores, Inc.	47,155		3,528,609
Walgreen Company	146,280		6,974,630

			36,229,574
Food Products - 0.4%
Mondelez International, Inc., Class A	96,981		2,968,588
Personal Products - 0.8%
Avon Products, Inc.	244,970		5,078,228
Tobacco - 6.1%
Altria Group, Inc.	191,071		6,570,932
British American Tobacco PLC	247,230		13,237,350
Imperial Tobacco Group PLC	268,540		9,402,405
Lorillard, Inc.	163,245		6,586,936
Philip Morris International, Inc.	45,744		4,240,926

			40,038,549

			99,138,094
Energy - 11.4%
Energy Equipment & Services - 2.7%
Baker Hughes, Inc.	156,656		7,270,405
Ensco PLC, Class A	50,628		3,037,680
Transocean, Ltd. (I)	148,140		7,697,354

			18,005,439
Oil, Gas & Consumable Fuels - 8.7%
Apache Corp.	114,830		8,860,283
BG Group PLC	103,192		1,771,478
BP PLC, ADR	747,453		5,249,143
CONSOL Energy, Inc.	207,300		6,975,645
Marathon Oil Corp.	333,132		11,233,211
Murphy Oil Corp.	78,070		4,975,401
Plains Exploration & Production Company (I)	135,740		6,443,578
Royal Dutch Shell PLC, A Shares	322,459		10,462,851

234

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Mutual Shares Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels (continued)
WPX Energy, Inc. (I)	54,372	$	871,039

			56,842,629

			74,848,068
Financials - 17.1%
Capital Markets - 0.9%
Morgan Stanley	267,032		5,869,363
Commercial Banks - 3.2%
Bond Street Holdings LLC, Class A (I)(S)	60,504		907,560
CIT Group, Inc. (I)	84,645		3,680,365
Guaranty Bancorp (I)	21,927		46,047
KB Financial Group, Inc.	45,036		1,504,232
PNC Financial Services Group, Inc.	165,334		10,994,711
Wells Fargo & Company	105,990		3,920,570

			21,053,485
Diversified Financial Services - 3.0%
AET&D Holdings No 1, Ltd. (I)	534,996		1
Citigroup, Inc.	164,115		7,260,448
ING Groep NV (I)	503,799		3,620,679
JPMorgan Chase & Company	104,970		4,981,876
NYSE Euronext	98,595		3,809,711

			19,672,715
Insurance - 8.4%
ACE, Ltd.	115,542		10,279,772
Alleghany Corp. (I)	18,804		7,444,880
American International Group, Inc. (I)	324,225		12,586,415
CNO Financial Group, Inc.	140,706		1,611,084
MetLife, Inc.	181,210		6,889,604
White Mountains Insurance Group, Ltd. (L)	20,381		11,558,473
Zurich Insurance Group AG (I)	16,979		4,728,659

			55,098,887
Real Estate Investment Trusts - 0.7%
Alexander’s, Inc.	13,593		4,481,476
Real Estate Management & Development - 0.9%
Canary Wharf Group PLC (I)	555,649		2,287,547
Forestar Group, Inc. (I)(L)	64,569		1,411,478
Realogy Holdings Corp. (I)	45,492		2,204,743

			5,903,768

			112,079,694
Health Care - 10.0%
Health Care Equipment & Supplies - 2.0%
Boston Scientific Corp. (I)	11,292		88,191
Medtronic, Inc.	221,905		10,420,659
Stryker Corp.	39,244		2,560,279

			13,069,129
Health Care Providers & Services - 2.3%
Cigna Corp.	164,281		10,246,206
UnitedHealth Group, Inc.	7,616		435,711
WellPoint, Inc.	68,580		4,542,053

			15,223,970
Pharmaceuticals - 5.7%
Eli Lilly & Company	50,772		2,883,342
Hospira, Inc. (I)	80,603		2,646,196
Merck & Company, Inc.	426,510		18,864,537
Pfizer, Inc.	275,546		7,952,258


Mutual Shares Trust (continued)
	Shares or
	Principal
	Amount		Value

COMMON STOCKS (continued)
Pharmaceuticals (continued)
Teva Pharmaceutical Industries, Ltd., ADR	123,510	$	4,900,877

			37,247,210

			65,540,309
Industrials - 4.4%
Aerospace & Defense - 1.5%
Huntington Ingalls Industries, Inc.	100,004		5,333,213
Raytheon Company	69,826		4,105,071

			9,438,284
Building Products - 0.4%
Owens Corning, Inc. (I)	72,872		2,873,343
Machinery - 1.4%
Federal Signal Corp. (I)	140,014		1,139,714
Oshkosh Corp. (I)	96,512		4,100,795
Stanley Black & Decker, Inc.	44,836		3,630,371

			8,870,880
Marine - 1.1%
A.P. Moeller Maersk A/S, Series A	950		7,461,555

			28,644,062
Information Technology - 10.6%
Communications Equipment - 1.2%
Cisco Systems, Inc.	393,810		8,234,567
Computers & Peripherals - 3.0%
Apple, Inc.	27,040		11,968,715
Dell, Inc.	127,973		1,833,853
Hewlett-Packard Company	259,350		6,182,904

			19,985,472
Electronic Equipment, Instruments & Components - 0.9%
TE Connectivity, Ltd.	138,485		5,806,676
Internet Software & Services - 0.8%
Google, Inc., Class A (I)	6,376		5,062,735
Office Electronics - 1.1%
Xerox Corp.	866,914		7,455,460
Software - 3.6%
Microsoft Corp.	525,196		15,025,858
Nintendo Company, Ltd.	13,665		1,478,766
Symantec Corp. (I)	278,640		6,876,835

			23,381,459

			69,926,369
Materials - 3.8%
Chemicals - 0.7%
Linde AG	25,935		4,824,458
Containers & Packaging - 0.8%
MeadWestvaco Corp.	141,891		5,150,643
Metals & Mining - 0.6%
ThyssenKrupp AG (I)	183,944		3,743,602
Paper & Forest Products - 1.7%
Domtar Corp. (L)	25,220		1,957,576
International Paper Company	195,802		9,120,457

			11,078,033

			24,796,736
Telecommunication Services - 1.7%
Wireless Telecommunication Services - 1.7%
Vodafone Group PLC	4,071,108		11,555,224

235

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Mutual Shares Trust (continued)
		Shares or
		Principal
		Amount		Value


COMMON STOCKS (continued)
Utilities - 2.5%
Electric Utilities - 1.1%
Entergy Corp.		39,973	$	2,527,893
Exelon Corp.		139,455		4,808,408

				7,336,301
Independent Power Producers & Energy Traders - 0.9%
NRG Energy, Inc.		223,289		5,914,926
Multi-Utilities - 0.5%
GDF Suez		162,146		3,125,221

				16,376,448

TOTAL COMMON STOCKS (Cost $455,536,232)			$	556,159,250


CORPORATE BONDS - 2.3%
Consumer Discretionary - 0.6%
Clear Channel Communications, Inc.
9.000%, 12/15/2019 (S)	$	3,977,000	$	3,822,891
Tropicana Entertainment LLC
9.625%, 12/15/2014 (H)		1,180,000		0

				3,822,891
Energy - 0.2%
Energy Future Intermediate
Holding Company LLC
11.000%, 10/01/2021		540,000		598,725
11.750%, 03/01/2022 (S)		470,000		540,500

				1,139,225
Industrials - 0.9%
American Airlines 2011-2 Class A Pass
Through Trust
8.625%, 10/15/2021		414,598		431,182
American Airlines Pass
Through Trust 2009-1A
10.375%, 07/02/2019		94,821		99,088
American Airlines, Inc.
7.500%, 03/15/2016 (H)(S)		4,448,000		5,104,080
13.000%, 08/01/2016		36,825		38,390

				5,672,740
Telecommunication Services - 0.1%
Wind Acquisition Finance SA
7.375%, 02/15/2018 (S)		191,000		249,730
11.750%, 07/15/2017 (S)		113,000		119,780
11.750%, 07/15/2017 (S)		329,000		444,924

				814,434
Utilities - 0.5%
Texas Competitive Electric Holdings
Company LLC
11.500%, 10/01/2020 (S)		4,128,000		3,085,680
Texas Competitive Electric Holdings
Company LLC, Series A
10.250%, 11/01/2015		3,941,000		384,248

				3,469,928

TOTAL CORPORATE BONDS (Cost $15,633,060)			$	14,919,218


TERM LOANS (M) - 1.6%
Consumer Discretionary - 0.8%
Cengage Learning
Acquisitions, Inc.07/03/2014 (T)		838,000		643,689
Clear Channel Communications, Inc.
3.854%, 01/29/2016		4,800,631		4,250,061


Mutual Shares Trust (continued)
		Shares or
		Principal
		Amount		Value


TERM LOANS (M) (continued)
Consumer Discretionary (continued)
Clear Channel Communications, Inc. (continued)
3.854%, 01/29/2016	$	589,600	$	516,391

				5,410,141
Utilities - 0.8%
Texas Competitive Electric Holdings
Company LLC
4.733%, 10/10/2017		7,466,240		5,293,564

TOTAL TERM LOANS (Cost $11,901,854)			$	10,703,705


SECURITIES LENDING COLLATERAL - 0.8%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		523,356	$	5,238,110

TOTAL SECURITIES LENDING
COLLATERAL (Cost $5,238,111)			$	5,238,110


SHORT-TERM INVESTMENTS - 11.5%
U.S. Government - 10.0%
U.S. Treasury Bill
0.095%, 07/25/2013 *	$	1,000,000	$	999,768
0.100%, 08/15/2013 *		2,400,000		2,399,208
0.100%, 07/18/2013 *		2,000,000		1,999,550
0.103%, 09/26/2013 *		4,500,000		4,497,611
0.105%, 08/08/2013 *		4,000,000		3,998,748
0.105%, 09/19/2013 *		5,000,000		4,997,565
0.106%, 06/13/2013 *		5,500,000		5,499,329
0.110%, 09/05/2013 *		3,000,000		2,998,791
0.110%, 09/12/2013 *		3,000,000		2,998,668
0.112%, 07/05/2013 *		5,000,000		4,999,075
0.123%, 06/27/2013 *		3,000,000		2,999,457
0.125%, 08/29/2013 *		3,000,000		2,998,875
0.135%, 05/09/2013 *		1,000,000		999,950
0.135%, 05/30/2013 *		2,000,000		1,999,786
0.140%, 04/04/2013 *		2,000,000		1,999,996
0.140%, 04/11/2013 *		4,000,000		3,999,968
0.140%, 05/16/2013 *		3,000,000		2,999,793
0.145%, 05/02/2013 *		5,000,000		4,999,805
0.253%, 04/18/2013 *		6,800,000		6,799,802

				65,185,745
Repurchase Agreement - 1.5%
Repurchase Agreement with State Street Corp.
dated 03/28/2013 at 0.010% to be
repurchased at $10,000,011 on 04/01/2013,
collateralized by $9,750,000 U.S.Treasury
Note, 2.125% due 05/31/2015 (valued at
$10,200,938 including interest)		10,000,000		10,000,000

TOTAL SHORT-TERM INVESTMENTS (Cost $75,181,748)			$	75,185,745

Total Investments (Mutual Shares Trust)
(Cost $563,491,005) - 100.9%			$	662,206,028
Other assets and liabilities, net - (0.9%)				(5,740,581)

TOTAL NET ASSETS - 100.0%			$	656,465,447

236

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Natural Resources Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 95.3%
Energy - 60.2%
Energy Equipment & Services - 4.7%
Baker Hughes, Inc.	24,450	$	1,134,725
Dril-Quip, Inc. (I)	12,100		1,054,757
Halliburton Company	40,800		1,648,728
National Oilwell Varco, Inc.	12,650		894,988
Patterson-UTI Energy, Inc. (L)	37,900		903,536
Schlumberger, Ltd.	27,370		2,049,739
Tidewater, Inc. (L)	15,650		790,325

			8,476,798
Oil, Gas & Consumable Fuels - 55.5%
Anadarko Petroleum Corp.	34,150		2,986,418
ARC Resources, Ltd.	103,300		2,729,312
Beach Energy, Ltd.	601,971		887,341
BG Group PLC	244,981		4,205,544
Bonavista Energy Corp.	78,500		1,154,491
BP PLC, ADR	61,537		2,606,092
Cabot Oil & Gas Corp.	40,200		2,717,922
Canadian Natural Resources, Ltd.	42,970		1,377,696
Chevron Corp.	34,290		4,074,338
Cobalt International Energy, Inc. (I)	38,800		1,094,160
Concho Resources, Inc. (I)	39,128		3,812,241
ConocoPhillips	16,200		973,620
CONSOL Energy, Inc. (L)	37,821		1,272,677
Denbury Resources, Inc. (I)	217,813		4,062,212
EnCana Corp. (L)	61,354		1,193,619
EOG Resources, Inc.	19,018		2,435,633
EQT Corp.	40,314		2,731,274
Galp Energia SGPS SA	65,599		1,028,396
Imperial Oil, Ltd.	59,800		2,443,428
Kosmos Energy, Ltd. (I)	105,583		1,193,088
Laredo Petroleum Holdings, Inc. (I)	102,123		1,867,830
Marathon Petroleum Corp.	22,690		2,033,024
New Hope Corp., Ltd	39,759		164,534
Occidental Petroleum Corp.	46,701		3,659,957
Oil Search, Ltd.	645,316		5,007,677
Ophir Energy PLC (I)	529,627		3,747,497
Painted Pony Petroleum, Ltd. (I)	93,000		932,884
Peabody Energy Corp.	55,400		1,171,710
Petroleo Brasileiro SA, ADR	104,152		1,725,799
Peyto Exploration & Development Corp.	166,506		4,415,683
Phillips 66	36,350		2,543,410
Pioneer Natural Resources Company	14,880		1,848,840
QEP Resources, Inc.	26,541		845,065
Range Resources Corp.	35,492		2,876,272
Reliance Industries, Ltd.	66,022		947,197
Reliance Industries, Ltd., GDR (London
Stock Exchange) (S)	10,035		286,206
Repsol SA	60,685		1,234,771
Repsol SA, ADR (L)	27,100		552,569
Rosetta Resources, Inc. (I)	36,977		1,759,366
Salamander Energy PLC (I)	428,697		1,351,242
Sasol, Ltd., ADR	30,840		1,367,446
Southwestern Energy Company (I)	151,654		5,650,628
Statoil ASA, ADR (L)	66,600		1,639,692
Suncor Energy, Inc.	58,078		1,740,310
Tesoro Corp.	24,900		1,457,895
Tullow Oil PLC	118,883		2,225,219
Whiting Petroleum Corp. (I)	22,500		1,143,900

			99,176,125

			107,652,923


Natural Resources Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Financials - 0.4%
Diversified Financial Services - 0.4%
PICO Holdings, Inc. (I)	30,100	$	668,220
Industrials - 1.5%
Commercial Services & Supplies - 0.8%
Mineral Resources, Ltd.	136,090		1,508,100
Construction & Engineering - 0.7%
KBR, Inc.	37,800		1,212,624

			2,720,724
Materials - 31.0%
Chemicals - 5.9%
FMC Corp.	31,692		1,807,395
LyondellBasell Industries NV, Class A	30,050		1,901,865
Mitsui Chemicals, Inc.	781,000		1,701,752
The Mosaic Company	86,978		5,184,759

			10,595,771
Construction Materials - 2.7%
CRH PLC (London Exchange)	70,269		1,559,999
Martin Marietta Materials, Inc.	31,421		3,205,570

			4,765,569
Metals & Mining - 22.4%
Alumina, Ltd. (I)	583,469		681,769
Anglo American Platinum, Ltd. (I)	18,121		753,392
Antofagasta PLC	180,506		2,702,863
ArcelorMittal (L)	90,950		1,185,079
Barrick Gold Corp.	31,250		917,950
BHP Billiton PLC	120,387		3,495,288
Compass Minerals International, Inc.	39,419		3,110,159
First Quantum Minerals, Ltd. (L)	221,000		4,203,101
Fortescue Metals Group, Ltd. (L)	232,405		962,493
Glencore International PLC (L)	433,971		2,359,490
Goldcorp, Inc.	126,800		4,264,790
Hudbay Minerals, Inc.	95,340		915,264
Iluka Resources, Ltd.	375,595		3,672,509
Mongolian Mining Corp. (I)	2,119,000		784,285
New Gold, Inc. (I)	116,101		1,056,519
Rio Tinto PLC	89,004		4,192,153
Teck Resources, Ltd., Class B	38,963		1,097,198
Turquoise Hill Resources, Ltd. (I)	420,773		2,676,116
Vedanta Resources PLC	60,676		927,860

			39,958,278

			55,319,618
Utilities - 2.2%
Independent Power Producers & Energy Traders - 2.2%
Calpine Corp. (I)	192,950		3,974,770

TOTAL COMMON STOCKS (Cost $164,940,679)		$	170,336,255


WARRANTS - 0.4%
NMDC, Ltd. (Expiration date: 03/25/2015,
Strike Price: INR 0.00001) (I)	275,513		693,396

TOTAL WARRANTS (Cost $1,823,386)		$	693,396


SECURITIES LENDING COLLATERAL - 5.1%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)	920,010		9,208,100

TOTAL SECURITIES LENDING
COLLATERAL (Cost $9,208,001)		$	9,208,100

237

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Natural Resources Trust (continued)
		Shares or
		Principal
		Amount		Value


SHORT-TERM INVESTMENTS - 2.1%
Repurchase Agreement - 2.1%
Deutsche Bank Tri-Party Repurchase
Agreement dated 03/28/2013 at 0.250% to
be repurchased at $3,300,092 on
04/01/2013, collateralized by $3,222,991
Government National Mortgage Association,
2.290% 02/15/2048 (valued at $3,366,001
including interest)	$	3,300,000	$	3,300,000
Repurchase Agreement with State Street Corp.
dated 03/28/2013 at 0.010% to be
repurchased at $416,000 04/01/2013,
collateralized by $425,000 U.S. Treasury
Notes, 0.250% due 01/15/2015 (valued
at $425,000).		416,000		416,000

				3,716,000

TOTAL SHORT-TERM INVESTMENTS (Cost $3,716,000)			$	3,716,000

Total Investments (Natural Resources Trust)
(Cost $179,688,066) - 102.9%			$	183,953,751
Other assets and liabilities, net - (2.9%)				(5,190,320)

TOTAL NET ASSETS - 100.0%			$	178,763,431


New Income Trust
		Shares or
		Principal
		Amount		Value


U.S. GOVERNMENT & AGENCY
OBLIGATIONS - 49.1%
U.S. Government - 16.6%
Treasury Inflation Protected Securities
1.875%, 07/15/2013	$	20,731,394	$	21,139,554
2.000%, 07/15/2014		21,831,542		23,109,036
U.S. Treasury Bonds
3.125%, 02/15/2043		14,000,000		14,056,868
4.625%, 02/15/2040 (F)		65,515,000		85,445,908
5.375%, 02/15/2031		22,500,000		31,331,250
6.750%, 08/15/2026		15,280,000		23,230,367
U.S. Treasury Notes
0.125%, 09/30/2013		13,155,000		13,155,000
0.625%, 11/30/2017		23,060,000		22,991,535
0.875%, 02/28/2017		161,880,000		164,004,675
1.250%, 03/15/2014		45,335,000		45,800,726
2.125%, 08/15/2021		6,580,000		6,880,726
2.250%, 05/31/2014		25,575,000		26,186,396
2.625%, 04/30/2016		6,640,000		7,094,428
U.S. Treasury Strips, PO
3.609%, 05/15/2021		220,000		193,491

				484,619,960
U.S. Government Agency - 32.5%
Federal Home Loan Bank
5.250%, 06/18/2014		510,000		541,472
Federal Home Loan Mortgage Corp.
2.408%, 01/01/2036 (P)		104,942		110,803
2.598%, 01/01/2036 (P)		2,685		2,878
2.633%, 02/01/2035 (P)		75,328		80,787
2.686%, 06/01/2037 (P)		269,122		287,844
2.687%, 02/01/2037 (P)		92,154		99,094
2.710%, 09/01/2035 (P)		42,845		45,093
2.725%, 07/01/2035 (P)		22,102		23,677
2.726%, 01/01/2037 (P)		44,196		47,525


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)
2.728%, 07/01/2035 (P)	$	43,197	$	46,278
2.747%, 04/01/2037 (P)		128,277		135,071
2.763%, 10/01/2036 (P)		191,153		204,913
2.835%, 05/01/2037 (P)		40,836		43,228
2.840%, 02/01/2037 (P)		173,061		184,031
2.900%, 11/01/2035 (P)		21,569		22,899
2.903%, 03/01/2036 (P)		88,720		93,910
2.910%, 09/01/2032 (P)		1,858		1,965
2.951%, 02/01/2038 (P)		114,401		122,653
3.000%, 01/01/2043		16,228,867		16,680,112
3.059%, 02/01/2037 (P)		39,041		41,922
3.500%, 08/01/2042 to 03/01/2043		46,055,343		48,554,110
4.000%, 05/01/2026 to 12/01/2041		27,614,215		29,376,455
4.500%, 11/01/2018 to 12/01/2040		35,292,649		37,852,529
4.555%, 06/01/2038 (P)		68,960		72,734
4.750%, 07/01/2038 (P)		63,327		67,100
5.000%, 10/01/2018 to 08/01/2040		24,973,521		26,933,057
5.500%, 03/01/2018 to 12/01/2039		839,318		907,900
5.882%, 12/01/2036 (P)		52,701		56,373
5.952%, 10/01/2036 (P)		107,029		114,422
6.000%, 03/01/2014 to 08/01/2038		1,088,446		1,200,416
6.081%, 10/01/2036 (P)		86,348		92,391
6.088%, 11/01/2036 (P)		31,506		33,781
6.190%, 08/01/2036 (P)		44,372		47,519
6.500%, 05/01/2017 to 03/01/2037		459,023		521,039
7.000%, 02/01/2024 to 06/01/2032		10,902		12,805
7.500%, 05/01/2024 to 06/01/2024		1,729		1,984
10.500%, 05/01/2019		84		95
Federal National Mortgage Association
2.033%, 10/01/2033 (P)		41,618		43,360
2.200%, 06/01/2037 (P)		52,970		55,895
2.237%, 12/01/2035 (P)		7,144		7,540
2.349%, 07/01/2027 (P)		567		585
2.500%, 12/01/2027 to 02/01/2028		13,926,630		14,461,666
2.514%, 12/01/2035 (P)		9,334		9,815
2.607%, 07/01/2035 (P)		34,819		37,089
2.647%, 07/01/2036 (P)		248,376		265,599
2.671%, 11/01/2035 (P)		79,511		84,953
2.730%, 09/01/2035 (P)		138,697		146,132
2.747%, 08/01/2037 (P)		50,265		54,050
2.748%, 09/01/2037 (P)		23,237		24,850
2.770%, 12/01/2035 (P)		4,722		5,003
2.771%, 08/01/2036 (P)		112,666		120,794
2.805%, 01/01/2037 (P)		62,497		66,360
2.819%, 12/01/2035 (P)		19,433		20,630
3.000%, 06/01/2027 to 03/01/2043		68,456,328		71,053,656
3.040%, 12/01/2036 (P)		92,694		99,478
3.500%, 12/01/2026 to 01/01/2043		69,117,234		73,069,863
3.875%, 07/12/2013		2,155,000		2,178,326
4.000%, 06/01/2025 to 01/01/2042		118,098,169		126,142,155
4.375%, 10/15/2015		825,000		907,848
4.500%, 05/01/2019 to 07/01/2042		95,457,411		103,071,914
4.625%, 10/15/2014		660,000		704,312
4.727%, 05/01/2038 (P)		50,394		53,510
4.744%, 05/01/2038 (P)		159,460		169,143
4.828%, 04/01/2038 (P)		65,394		69,439
4.908%, 08/01/2038 (P)		41,813		44,585
4.910%, 05/01/2038 (P)		164,874		175,061
5.000%, 05/01/2018 to 07/01/2041		67,574,364		73,664,208
5.500%, 07/01/2013 to 04/01/2040		69,836,083		77,112,300
5.555%, 01/01/2019 (P)		372		404

238

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (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 National Mortgage
Association (continued)
5.858%, 09/01/2036 (P)	$	30,103	$	32,149
6.000%, 09/01/2017 to 04/01/2040		50,953,753		55,980,296
6.500%, 06/01/2013 to 06/01/2039		9,141,219		10,230,321
7.000%, 12/01/2029 to 04/01/2037		16,628		19,104
Government National
Mortgage Association
2.500%, 05/20/2027 to 02/20/2043		29,912,108		30,337,457
3.000%, 06/20/2027 to 08/20/2042		25,506,032		27,002,764
3.500%, 09/20/2042		8,462,165		9,057,822
4.000%, 10/20/2040 to 08/20/2042		19,528,170		21,173,668
4.500%, 01/15/2019 to 03/20/2041		31,181,547		34,263,896
5.000%, 01/15/2019 to 03/20/2041		20,534,869		22,629,394
5.500%, 02/15/2029 to 12/20/2039		11,931,612		13,265,488
6.000%, 05/15/2013 to 07/20/2039		8,668,311		9,781,934
6.500%, 12/15/2014 to 09/15/2038		3,098,724		3,538,233
7.000%, 04/15/2017 to 10/20/2036		1,174,970		1,364,965
9.250%, 10/15/2016 to 12/15/2019		2,764		3,083
9.750%, 07/15/2017 to 02/15/2021		2,637		2,953
10.250%, 11/15/2020		1,501		1,699
11.750%, 08/15/2013		97		98
12.250%, 02/15/2015		128		137
12.750%, 06/20/2014 to 11/20/2014		220		233

				947,267,082

TOTAL U.S. GOVERNMENT & AGENCY
OBLIGATIONS (Cost $1,420,479,443)			$	1,431,887,042


FOREIGN GOVERNMENT
OBLIGATIONS - 2.4%
Bermuda - 0.1%
Government of Bermuda
5.603%, 07/20/2020 (S)		2,190,000		2,523,975
Brazil - 0.7%
Federative Republic of Brazil
4.875%, 01/22/2021		1,000,000		1,160,000
6.000%, 05/15/2015 to 08/15/2050	BRL	12,552,000		16,095,117
10.000%, 01/01/2017 to 01/01/2023		9,013,000		4,628,992

				21,884,109
Germany - 0.1%
Federal Republic of Germany
2.500%, 07/04/2044	EUR	2,390,000		3,254,855
Italy - 0.2%
Republic of Italy
3.500%, 11/01/2017		5,010,000		6,424,487
Mexico - 0.6%
Government of Mexico
2.500%, 12/10/2020	MXN	117,449,857		10,458,010
6.500%, 06/10/2021		42,450,000		3,808,593
Bond8.000%, maturing at 12/17/2015		23,165,000		2,047,251

				16,313,854
Morocco - 0.1%
Kingdom of Morocco, Bond
4.250%, 12/11/2022 (S)	$	1,430,000		1,459,315
Netherlands - 0.0%
MDC-GMTN B.V.
5.750%, 05/06/2014 (S)		350,000		367,500


New Income Trust (continued)
		Shares or
		Principal
		Amount		Value


FOREIGN GOVERNMENT
OBLIGATIONS (continued)
Poland - 0.1%
Republic of Poland
5.250%, 10/25/2017	PLN	10,245,000	$	3,393,401
South Africa - 0.1%
Republic of South Africa
8.250%, 09/15/2017	ZAR	27,965,000		3,311,593
Turkey - 0.4%
Republic of Turkey
6.000%, 01/14/2041	$	5,425,000		6,076,000
8.500%, 09/14/2022	TRY	4,368,000		2,662,855
10.000%, 06/17/2015		4,570,000		2,714,014

				11,452,869

TOTAL FOREIGN GOVERNMENT
OBLIGATIONS (Cost $69,919,495)			$	70,385,958


CORPORATE BONDS - 27.9%
Consumer Discretionary - 4.0%
British Sky Broadcasting Group PLC
3.125%, 11/26/2022 (S)	$	1,400,000		1,397,073
Clear Channel Worldwide Holdings, Inc.
7.625%, 03/15/2020		125,000		129,219
Comcast Corp.
3.125%, 07/15/2022		2,210,000		2,262,839
6.950%, 08/15/2037		3,680,000		4,900,161
COX Communications, Inc.
3.250%, 12/15/2022 (S)		935,000		950,564
8.375%, 03/01/2039 (S)		2,615,000		3,879,334
Delphi Corp.
5.000%, 02/15/2023		1,925,000		2,035,688
DIRECTV Holdings LLC
1.750%, 01/15/2018		2,355,000		2,328,777
2.400%, 03/15/2017		3,415,000		3,503,957
5.875%, 10/01/2019		1,750,000		2,073,799
DISH DBS Corp.
6.750%, 06/01/2021		3,810,000		4,233,863
Dollar General Corp.
4.125%, 07/15/2017		1,355,000		1,454,931
Eaton Corp.
4.000%, 11/02/2032 (S)		1,600,000		1,600,182
Ford Motor Credit Company LLC
3.875%, 01/15/2015		2,870,000		2,983,554
5.750%, 02/01/2021		9,680,000		10,982,231
General Motors Financial Company, Inc.
6.750%, 06/01/2018		1,400,000		1,585,500
Hyatt Hotels Corp.
3.875%, 08/15/2016		4,495,000		4,790,901
5.750%, 08/15/2015 (S)		4,020,000		4,367,051
Marriott International, Inc.
3.000%, 03/01/2019		1,970,000		2,064,720
Mohawk Industries, Inc.
3.850%, 02/01/2023		2,095,000		2,131,311
NBCUniversal Enterprise, Inc.
1.974%, 04/15/2019 (S)		2,470,000		2,487,348
NBCUniversal Media LLC
2.875%, 01/15/2023		2,705,000		2,683,249
5.150%, 04/30/2020		5,325,000		6,314,422
Newell Rubbermaid, Inc.
2.050%, 12/01/2017		1,250,000		1,257,478
News America, Inc.
6.150%, 03/01/2037		3,620,000		4,253,627
7.850%, 03/01/2039		190,000		255,537

239

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


New Income Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Consumer Discretionary (continued)
NVR, Inc.
3.950%, 09/15/2022	$	1,710,000	$	1,756,548
O’Reilly Automotive, Inc.
3.800%, 09/01/2022		860,000		892,383
4.875%, 01/14/2021		3,970,000		4,406,232
Omnicom Group, Inc.
4.450%, 08/15/2020		575,000		625,756
6.250%, 07/15/2019		4,850,000		5,855,812
QVC, Inc.
4.375%, 03/15/2023 (S)		2,010,000		2,033,443
7.500%, 10/01/2019 (S)		400,000		442,127
SES
3.600%, 04/04/2023 (S)		2,185,000		2,184,927
Spectrum Brands, Inc.
9.500%, 06/15/2018		2,150,000		2,434,875
TCM Sub LLC
3.550%, 01/15/2015 (S)		2,410,000		2,505,291
The Interpublic Group of Companies, Inc.
2.250%, 11/15/2017		1,145,000		1,145,236
3.750%, 02/15/2023		905,000		878,622
4.000%, 03/15/2022		2,365,000		2,382,683
10.000%, 07/15/2017		2,250,000		2,413,125
Time Warner Cable, Inc.
5.500%, 09/01/2041		2,255,000		2,321,060
Virgin Media Secured Finance PLC
5.250%, 01/15/2021		1,670,000		1,749,824
Whirlpool Corp.
3.700%, 03/01/2023		585,000		596,679
WPP Finance 2010
4.750%, 11/21/2021		3,650,000		3,944,887
WPP Finance UK
8.000%, 09/15/2014		80,000		87,825

				115,564,651
Consumer Staples - 1.4%
Altria Group, Inc.
4.750%, 05/05/2021		4,490,000		5,084,983
9.250%, 08/06/2019		1,805,000		2,517,248
Avon Products, Inc.
4.600%, 03/15/2020		565,000		587,359
5.000%, 03/15/2023		1,050,000		1,078,132
Bunge NA Finance LP
5.900%, 04/01/2017		870,000		986,921
Bunge, Ltd. Finance Corp.
3.200%, 06/15/2017		1,970,000		2,038,552
4.100%, 03/15/2016		1,405,000		1,502,826
8.500%, 06/15/2019		1,365,000		1,760,376
Delhaize Group SA
6.500%, 06/15/2017		3,055,000		3,493,936
Heineken NV
2.750%, 04/01/2023 (S)		2,225,000		2,186,721
Imperial Tobacco Finance PLC
3.500%, 02/11/2023 (S)		3,595,000		3,629,487
Pernod-Ricard SA
4.450%, 01/15/2022 (S)		1,830,000		2,011,227
Reynolds American, Inc.
3.250%, 11/01/2022		2,170,000		2,147,044
7.625%, 06/01/2016		1,125,000		1,339,968
Rite Aid Corp.
9.250%, 03/15/2020		4,100,000		4,627,875
Tyson Foods, Inc.
4.500%, 06/15/2022		2,875,000		3,128,359


New Income Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Consumer Staples (continued)
Wesfarmers, Ltd.
2.983%, 05/18/2016 (S)	$	2,345,000	$	2,471,112

				40,592,126
Energy - 5.0%
Anadarko Petroleum Corp.
6.375%, 09/15/2017		2,385,000		2,847,890
Antero Resources Finance Corp.
7.250%, 08/01/2019		675,000		731,531
9.375%, 12/01/2017		2,600,000		2,821,000
Boardwalk Pipelines LP
5.750%, 09/15/2019		415,000		480,546
Buckeye Partners LP
4.875%, 02/01/2021		2,015,000		2,160,378
Canadian Natural Resources, Ltd.
6.450%, 06/30/2033		65,000		79,368
Colorado Interstate Gas Company
5.950%, 03/15/2015		125,000		136,292
DCP Midstream LLC
9.700%, 12/01/2013 (S)		740,000		781,390
DCP Midstream Operating LP
2.500%, 12/01/2017		955,000		969,947
3.250%, 10/01/2015		1,085,000		1,130,069
3.875%, 03/15/2023		1,890,000		1,901,620
El Paso Natural Gas Company
5.950%, 04/15/2017		98,000		113,774
Energy Transfer Partners LP
3.600%, 02/01/2023		3,595,000		3,580,099
5.200%, 02/01/2022		3,120,000		3,505,158
Enterprise Products Operating LLC
5.950%, 02/01/2041		2,755,000		3,196,753
7.550%, 04/15/2038		520,000		709,174
EQT Corp.
4.875%, 11/15/2021		4,800,000		5,089,008
Gazprom OAO
4.950%, 05/23/2016 (S)		2,475,000		2,647,854
7.288%, 08/16/2037		140,000		169,400
8.625%, 04/28/2034		2,365,000		3,210,488
Hess Corp.
7.875%, 10/01/2029		1,724,000		2,237,573
8.125%, 02/15/2019		290,000		374,725
Kinder Morgan Energy Partners LP
3.950%, 09/01/2022		4,385,000		4,662,307
Magellan Midstream Partners LP
4.250%, 02/01/2021		455,000		503,095
6.550%, 07/15/2019		355,000		437,760
Murphy Oil Corp.
4.000%, 06/01/2022		4,340,000		4,329,918
Nabors Industries, Inc.
4.625%, 09/15/2021		2,155,000		2,250,725
9.250%, 01/15/2019		3,790,000		4,876,911
National Gas Company of Trinidad &
Tobago, Ltd.
6.050%, 01/15/2036 (S)		100,000		107,000
Noble Energy, Inc.
6.000%, 03/01/2041		2,665,000		3,186,810
Noble Holding International, Ltd.
5.250%, 03/15/2042		4,230,000		4,261,975
NuStar Logistics LP
4.800%, 09/01/2020		2,290,000		2,261,826
8.150%, 04/15/2018		185,000		211,750
PDC Energy, Inc.
7.750%, 10/15/2022 (S)		300,000		318,000

240

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


New Income Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Energy (continued)
Pemex Project Funding Master Trust
6.625%, 06/15/2035	$	2,340,000	$	2,802,150
Petrobras International Finance Company
5.750%, 01/20/2020		1,805,000		1,988,996
5.875%, 03/01/2018		2,680,000		3,010,455
7.875%, 03/15/2019		2,366,000		2,879,985
Petrohawk Energy Corp.
7.250%, 08/15/2018		1,920,000		2,149,338
Petroleos Mexicanos
4.875%, 01/24/2022		4,240,000		4,695,800
5.500%, 06/27/2044		3,855,000		3,976,433
6.500%, 06/02/2041		1,775,000		2,090,063
Phillips 66
4.300%, 04/01/2022		1,875,000		2,059,699
Pioneer Natural Resources Company
3.950%, 07/15/2022		2,700,000		2,821,060
Plains All American Pipeline LP
2.850%, 01/31/2023		1,825,000		1,797,151
5.750%, 01/15/2020		2,165,000		2,601,423
Reliance Holdings USA, Inc.
4.500%, 10/19/2020 (S)		1,690,000		1,772,592
5.400%, 02/14/2022 (S)		1,895,000		2,113,723
Rowan Companies, Inc.
4.875%, 06/01/2022		1,190,000		1,294,369
5.000%, 09/01/2017		2,885,000		3,216,974
7.875%, 08/01/2019		360,000		449,955
Spectra Energy Capital LLC
3.300%, 03/15/2023		4,265,000		4,282,576
Swift Energy Company
7.875%, 03/01/2022 (S)		4,100,000		4,284,500
8.875%, 01/15/2020		250,000		271,563
Talisman Energy, Inc.
3.750%, 02/01/2021		1,300,000		1,352,780
TransCanada PipeLines, Ltd.
2.500%, 08/01/2022		2,915,000		2,843,591
Transocean, Inc.
2.500%, 10/15/2017		3,180,000		3,221,617
5.050%, 12/15/2016		1,940,000		2,155,749
Valero Energy Corp.
9.375%, 03/15/2019		150,000		204,741
Weatherford International, Ltd.
9.625%, 03/01/2019		2,035,000		2,659,071
Western Gas Partners LP
4.000%, 07/01/2022		4,565,000		4,725,501
Williams Companies, Inc.
3.700%, 01/15/2023		3,205,000		3,183,962
Williams Partners LP
3.350%, 08/15/2022		2,835,000		2,805,675
4.125%, 11/15/2020		2,275,000		2,456,099
6.300%, 04/15/2040		2,365,000		2,756,010

				145,205,715
Financials - 8.7%
American International Group, Inc.
4.875%, 06/01/2022		5,945,000		6,730,055
Ameriprise Financial, Inc.
7.300%, 06/28/2019		2,530,000		3,304,587
AvalonBay Communities, Inc.
2.950%, 09/15/2022		4,345,000		4,277,900
Banco Santander Chile
3.875%, 09/20/2022 (S)		2,810,000		2,837,732
Bank of America Corp.
3.875%, 03/22/2017		2,795,000		3,007,862
5.650%, 05/01/2018		13,785,000		15,953,725


New Income Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
Berkshire Hathaway Finance Corp.
4.250%, 01/15/2021	$	3,280,000	$	3,691,007
Boardwalk Pipelines LP
3.375%, 02/01/2023		3,895,000		3,825,681
BPCE SA
2.375%, 10/04/2013 (S)		4,320,000		4,360,383
Burlington Northern Santa Fe LLC
3.050%, 09/01/2022		1,305,000		1,334,394
Citigroup, Inc.
6.125%, 05/15/2018		5,855,000		6,978,370
CNA Financial Corp.
5.875%, 08/15/2020		2,665,000		3,139,013
Discover Financial Services
3.850%, 11/21/2022		1,144,000		1,177,412
DNB Bank ASA
3.200%, 04/03/2017 (S)		4,440,000		4,704,451
Equity One, Inc.
3.750%, 11/15/2022		4,035,000		4,025,151
Fifth Third Bancorp
3.500%, 03/15/2022		1,705,000		1,777,698
3.625%, 01/25/2016		2,780,000		2,972,070
6.250%, 05/01/2013		1,655,000		1,662,499
8.250%, 03/01/2038		1,900,000		2,633,740
General Electric Capital Corp.
5.300%, 02/11/2021		9,575,000		10,983,004
6.875%, 01/10/2039		6,270,000		8,227,550
Hospitality Properties Trust
7.875%, 08/15/2014		235,000		248,065
Host Hotels & Resorts LP
3.750%, 10/15/2023		865,000		868,382
HSBC Holdings PLC
5.100%, 04/05/2021		3,230,000		3,734,419
ING US, Inc.
2.900%, 02/15/2018 (S)		2,200,000		2,232,463
International Lease Finance Corp.
6.625%, 11/15/2013		695,000		715,850
Intesa Sanpaolo SpA
3.125%, 01/15/2016		3,470,000		3,392,341
Invesco Finance PLC
3.125%, 11/30/2022		1,665,000		1,700,538
Janus Capital Group, Inc.
6.700%, 06/15/2017		625,000		715,714
Jefferies Group, Inc.
3.875%, 11/09/2015		1,755,000		1,833,975
8.500%, 07/15/2019		2,460,000		3,062,479
JPMorgan Chase & Company
4.500%, 01/24/2022		15,430,000		16,921,217
Kilroy Realty LP
4.800%, 07/15/2018		2,390,000		2,667,675
6.625%, 06/01/2020		2,330,000		2,823,704
Kreditanstalt fuer Wiederaufbau
0.500%, 04/19/2016		5,437,000		5,430,345
Morgan Stanley
3.750%, 02/25/2023		2,745,000		2,776,661
3.800%, 04/29/2016		6,955,000		7,379,373
4.000%, 07/24/2015		4,800,000		5,066,011
5.500%, 07/28/2021		2,500,000		2,867,773
6.625%, 04/01/2018		2,390,000		2,858,251
Nationstar Mortgage LLC
9.625%, 05/01/2019 (S)		375,000		429,375
Neuberger Berman Group LLC
5.875%, 03/15/2022 (S)		4,295,000		4,541,963

241

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


New Income Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
Nordea Bank AB
3.125%, 03/20/2017 (S)	$	3,750,000	$	3,966,731
4.875%, 05/13/2021 (S)		4,978,000		5,391,707
Principal Financial Group, Inc.
3.300%, 09/15/2022		785,000		798,412
6.050%, 10/15/2036		180,000		222,681
8.875%, 05/15/2019		200,000		272,232
ProLogis LP
4.500%, 08/15/2017		2,665,000		2,931,063
6.625%, 12/01/2019		1,825,000		2,210,002
Provident Companies, Inc.
7.000%, 07/15/2018		2,360,000		2,812,193
Prudential Financial, Inc.
5.375%, 06/21/2020		2,420,000		2,855,702
Rabobank Nederland NV
3.950%, 11/09/2022		4,190,000		4,221,672
Raymond James Financial, Inc.
4.250%, 04/15/2016		900,000		959,602
RCI Banque SA
3.500%, 04/03/2018 (S)		2,845,000		2,848,031
4.600%, 04/12/2016 (S)		3,215,000		3,372,078
Regency Centers LP
6.000%, 06/15/2020		1,065,000		1,255,353
Reinsurance Group of America, Inc.
5.000%, 06/01/2021		1,720,000		1,918,509
5.625%, 03/15/2017		2,275,000		2,577,896
6.450%, 11/15/2019		705,000		849,722
SLM Corp.
5.500%, 01/25/2023		2,830,000		2,810,671
6.000%, 01/25/2017		5,830,000		6,340,125
8.450%, 06/15/2018		225,000		266,625
Sun Life Financial Global Funding LP
0.574%, 10/06/2013 (P)(S)		250,000		249,962
SunTrust Banks, Inc.
3.600%, 04/15/2016		2,215,000		2,372,125
The Goldman Sachs Group, Inc.
2.375%, 01/22/2018		5,415,000		5,491,297
5.750%, 01/24/2022		1,900,000		2,210,580
6.250%, 02/01/2041		2,450,000		2,916,056
6.750%, 10/01/2037		6,180,000		6,934,844
U.S. Bancorp
3.442%, 02/01/2016		3,545,000		3,773,351
Unum Group
5.625%, 09/15/2020		1,040,000		1,205,978
5.750%, 08/15/2042		1,560,000		1,708,601
Ventas Realty LP
2.000%, 02/15/2018		1,420,000		1,428,696
3.250%, 08/15/2022		2,240,000		2,231,242
4.000%, 04/30/2019		2,170,000		2,369,443
WEA Finance LLC
3.375%, 10/03/2022 (S)		2,420,000		2,464,407
Weingarten Realty Investors
3.500%, 04/15/2023		940,000		936,033

				255,044,480
Health Care - 1.1%
Aetna, Inc.
2.750%, 11/15/2022		1,835,000		1,796,885
Agilent Technologies, Inc.
3.200%, 10/01/2022		1,210,000		1,209,999
Community Health Systems, Inc.
8.000%, 11/15/2019		4,150,000		4,596,125
Express Scripts Holding Company
3.900%, 02/15/2022		1,920,000		2,061,343


New Income Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Health Care (continued)
Kaiser Foundation Hospitals
3.500%, 04/01/2022	$	2,455,000	$	2,578,830
Life Technologies Corp.
3.500%, 01/15/2016		3,455,000		3,606,298
Medtronic, Inc.
3.000%, 03/15/2015		4,145,000		4,342,024
Novant Health, Inc.
5.850%, 11/01/2019		1,445,000		1,722,888
UnitedHealth Group, Inc.
4.625%, 11/15/2041		2,165,000		2,257,718
Watson Pharmaceuticals, Inc.
3.250%, 10/01/2022		4,160,000		4,219,962
4.625%, 10/01/2042		965,000		975,187
WellPoint, Inc.
3.300%, 01/15/2023		2,685,000		2,722,859

				32,090,118
Industrials - 2.1%
American Airlines 2013-1 Class A Pass
Through Trust
4.000%, 07/15/2025 (S)		1,750,000		1,779,531
Continental Airlines 2009-1 Pass
Through Trust
9.000%, 07/08/2016		1,386,308		1,602,919
Continental Airlines 2009-2 Class A Pass
Through Trust
7.250%, 11/10/2019		385,695		450,299
Continental Airlines 2010-1 Class A Pass
Through Trust
4.750%, 01/12/2021		969,351		1,063,862
Continental Airlines 2012-1 Class A Pass
Through Trust
4.150%, 04/11/2024		1,150,000		1,203,188
Delta Air Lines 2009-1 Class A Pass
Through Trust
7.750%, 12/17/2019		563,707		651,082
Delta Air Lines 2010-2 Class A Pass
Through Trust
4.950%, 05/23/2019		882,372		966,197
Delta Air Lines 2011-1 Class A Pass
Through Trust
5.300%, 04/15/2019		553,756		611,900
ERAC USA Finance LLC
2.250%, 01/10/2014 (S)		1,565,000		1,583,381
3.300%, 10/15/2022 (S)		755,000		761,156
5.250%, 10/01/2020 (S)		3,300,000		3,833,475
GATX Corp.
3.500%, 07/15/2016		1,590,000		1,684,077
4.850%, 06/01/2021		2,730,000		2,919,506
Heathrow Funding, Ltd.
4.875%, 07/15/2021 (S)		4,280,000		4,743,943
L-3 Communications Corp.
4.750%, 07/15/2020		4,995,000		5,528,431
4.950%, 02/15/2021		580,000		648,791
Odebrecht Finance, Ltd.
5.125%, 06/26/2022 (S)		3,005,000		3,159,758
Owens Corning
4.200%, 12/15/2022		3,760,000		3,848,217
Republic Services, Inc.
3.550%, 06/01/2022		2,285,000		2,390,551
5.700%, 05/15/2041		3,950,000		4,618,186
Roper Industries, Inc.
6.250%, 09/01/2019		2,835,000		3,435,833

242

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


New Income Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Industrials (continued)
Southwest Airlines Company
5.125%, 03/01/2017	$	3,710,000	$	4,078,633
Union Pacific Corp.
4.750%, 09/15/2041		3,475,000		3,794,227
US Airways 2012-2 Class A Pass
Through Trust
4.625%, 06/03/2025		930,000		969,525
Valmont Industries, Inc.
6.625%, 04/20/2020		2,505,000		2,967,766
Verisk Analytics, Inc.
5.800%, 05/01/2021		2,000,000		2,309,006

				61,603,440
Information Technology - 0.7%
Affiliated Computer Services, Inc.
5.200%, 06/01/2015		1,095,000		1,173,636
Arrow Electronics, Inc.
3.000%, 03/01/2018		975,000		984,088
Avnet, Inc.
4.875%, 12/01/2022		4,125,000		4,280,900
Fiserv, Inc.
3.125%, 06/15/2016		1,215,000		1,280,310
3.500%, 10/01/2022		2,190,000		2,184,735
Hewlett-Packard Company
3.000%, 09/15/2016		4,470,000		4,627,201
Motorola Solutions, Inc.
3.500%, 03/01/2023		1,990,000		2,003,235
Xerox Corp.
2.950%, 03/15/2017		4,095,000		4,219,181
6.350%, 05/15/2018		485,000		568,673

				21,321,959
Materials - 0.8%
ArcelorMittal
6.125%, 06/01/2018		5,325,000		5,753,551
Celulosa Arauco y Constitucion SA
5.125%, 07/09/2013		70,000		70,537
Corp. Nacional del Cobre de Chile
7.500%, 01/15/2019 (S)		260,000		327,267
Holcim US Finance Sarl & Cie SCS
6.000%, 12/30/2019 (S)		1,900,000		2,220,832
International Paper Company
4.750%, 02/15/2022		6,135,000		6,910,157
9.375%, 05/15/2019		400,000		550,001
Newcrest Finance Pty, Ltd.
4.450%, 11/15/2021 (S)		4,230,000		4,462,100
Rock-Tenn Company
4.000%, 03/01/2023		2,280,000		2,321,006
Vale Overseas, Ltd.
4.375%, 01/11/2022		1,360,000		1,396,334

				24,011,785
Telecommunication Services - 1.9%
American Tower Corp.
4.700%, 03/15/2022		1,855,000		2,017,313
5.050%, 09/01/2020		3,410,000		3,787,559
7.250%, 05/15/2019		3,768,000		4,667,361
AT&T, Inc.
6.300%, 01/15/2038		3,535,000		4,246,712
6.450%, 06/15/2034		385,000		472,470
CC Holdings GS V LLC
3.849%, 04/15/2023 (S)		8,350,000		8,418,579
Crown Castle Towers LLC
6.113%, 01/15/2020 (S)		3,988,000		4,882,524


New Income Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Telecommunication Services (continued)
GTP Acquisition Partners I LLC
4.347%, 06/15/2016 (S)	$	1,335,000	$	1,417,619
Qwest Corp.
3.530%, 06/15/2013 (P)		125,000		125,437
7.500%, 10/01/2014		175,000		190,744
SBA Telecommunications, Inc.
8.250%, 08/15/2019		81,000		89,303
SBA Tower Trust
4.254%, 04/15/2015 (S)		5,420,000		5,735,113
Sprint Nextel Corp.
9.000%, 11/15/2018 (S)		3,955,000		4,889,369
Telecom Italia Capital SA
5.250%, 11/15/2013 to 10/01/2015		2,555,000		2,655,267
6.175%, 06/18/2014		4,825,000		5,047,770
Telefonica Emisiones SAU
3.992%, 02/16/2016		3,730,000		3,888,245
6.221%, 07/03/2017		2,290,000		2,563,211
Windstream Corp.
8.125%, 08/01/2013		125,000		127,500

				55,222,096
Utilities - 2.2%
Appalachian Power Company
6.375%, 04/01/2036		2,010,000		2,513,358
Dominion Resources, Inc.
2.750%, 09/15/2022		2,215,000		2,214,982
EDF SA
4.600%, 01/27/2020 (S)		5,150,000		5,733,706
Enogex LLC
6.250%, 03/15/2020 (S)		1,500,000		1,698,125
Exelon Generation Company LLC
6.250%, 10/01/2039		945,000		1,099,070
FirstEnergy Corp.
2.750%, 03/15/2018		2,135,000		2,160,170
4.250%, 03/15/2023		5,120,000		5,182,024
7.375%, 11/15/2031		3,630,000		4,257,496
Florida Gas Transmission Company, LLC
3.875%, 07/15/2022 (S)		1,920,000		2,059,922
GDF Suez
1.625%, 10/10/2017 (S)		2,040,000		2,051,438
Iberdrola Finance Ireland, Ltd.
3.800%, 09/11/2014 (S)		4,315,000		4,443,069
Korea Hydro & Nuclear Power
Company, Ltd.
3.125%, 09/16/2015 (S)		2,315,000		2,415,170
Nevada Power Company
7.125%, 03/15/2019		915,000		1,183,057
NiSource Finance Corp.
5.250%, 02/15/2043		2,250,000		2,361,321
5.950%, 06/15/2041		2,725,000		3,102,186
6.250%, 12/15/2040		1,315,000		1,555,703
Ohio Power Company
5.750%, 09/01/2013		195,000		198,928
ONEOK, Inc.
4.250%, 02/01/2022		2,805,000		2,981,000
PacifiCorp
6.250%, 10/15/2037		3,000,000		4,009,401
Pennsylvania Electric Company
6.150%, 10/01/2038		1,375,000		1,630,635
PPL Capital Funding, Inc.
3.500%, 12/01/2022		930,000		937,552
PPL WEM Holdings PLC
3.900%, 05/01/2016 (S)		3,200,000		3,380,474

243

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (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	$	1,034,264
Southern California Edison Company
5.750%, 03/15/2014		160,000		167,641
Southwest Gas Corp.
3.875%, 04/01/2022		1,115,000		1,211,936
Suburban Propane Partners LP
7.375%, 03/15/2020 to 08/01/2021		125,000		136,688
Tampa Electric Company
6.150%, 05/15/2037		235,000		309,244
TECO Finance, Inc.
5.150%, 03/15/2020		3,015,000		3,494,683
6.572%, 11/01/2017		35,000		42,230

				63,565,473

TOTAL CORPORATE BONDS (Cost $757,785,585)			$	814,221,843


MUNICIPAL BONDS - 5.3%
Bay Area Toll Authority (California)
6.263%, 04/01/2049		1,500,000		2,042,910
Chicago Metropolitan Water Reclamation
District (Illinois) 5.720%, 12/01/2038		2,235,000		2,882,345
Chicago Transit Authority, Series A
(Illinois) 6.899%, 12/01/2040		260,000		321,142
City of Chicago (Illinois)
6.395%, 01/01/2040		1,925,000		2,485,464
City of Houston (Texas)
5.000%, 03/01/2023		1,765,000		2,166,185
City of New York (New York)
5.000%, 04/01/2023		3,000,000		3,648,840
5.846%, 06/01/2040		2,400,000		3,090,864
City Public Service Board of San Antonio
(Texas) 5.250%, 02/01/2024		3,605,000		4,606,685
Commonwealth of Massachusetts
5.250%, 09/01/2024		2,410,000		3,125,481
5.000%, 06/01/2023		1,215,000		1,492,409
4.500%, 08/01/2031		2,780,000		3,031,368
Commonwealth of Pennsylvania
5.000%, 06/01/2024		5,090,000		6,225,019
5.000%, 07/01/2021		2,730,000		3,418,943
County of Harris, TX 5.000%, 10/01/2024		1,550,000		1,925,333
Dallas Independent School District
4.000%, 08/15/2027		1,555,000		1,705,819
5.000%, 08/15/2029		1,655,000		1,968,540
District of Columbia
5.250%, 12/01/2034		2,610,000		3,137,507
5.591%, 12/01/2034		375,000		465,420
East Bay Municipal Utility District
(California) 5.874%, 06/01/2040		1,665,000		2,165,832
JobsOhio Beverage System
4.532%, 01/01/2035		1,400,000		1,453,032
Kansas Development Finance Authority
5.501%, 05/01/2034		110,000		127,402
Los Angeles Department of Airports
(California) 7.053%, 05/15/2040		2,600,000		3,446,508
Maryland State Transportation Authority
5.754%, 07/01/2041		3,770,000		4,690,106
5.888%, 07/01/2043		1,070,000		1,408,912
Massachusetts Bay Transportation
Authority 5.000%, 07/01/2020		2,040,000		2,530,824
Metropolitan Transportation Authority
(New York) 7.336%, 11/15/2039		2,150,000		3,160,973
New Jersey State Turnpike Authority
5.000%, 01/01/2029		2,050,000		2,336,795


New Income Trust (continued)
		Shares or
		Principal
		Amount		Value


MUNICIPAL BONDS (continued)
New Jersey Transportation Trust Fund
Authority 5.250%, 12/15/2022	$	1,235,000	$	1,517,160
New York City Housing
Development Corp. (New York)
6.420%, 11/01/2027		35,000		35,373
New York City Municipal Water Finance
Authority (New York)
5.952%, 06/15/2042		840,000		1,124,525
New York City Transitional Finance
Authority (New York)
5.508%, 08/01/2037		2,630,000		3,224,538
5.267%, 05/01/2027		3,925,000		4,764,558
5.000%, 05/01/2023		2,185,000		2,693,493
New York City Transitional Finance
Authority Future Tax Secured Revenue
(New York)
5.000%, 11/01/2024		1,300,000		1,567,930
5.000%, 02/01/2025		1,315,000		1,556,684
New York State Dormitory Authority
4.000%, 12/15/2022		1,495,000		1,738,401
Philadelphia Authority for Industrial
Development (Pennsylvania)
3.964%, 04/15/2026		6,265,000		6,255,665
Port Authority of New York & New Jersey
4.458%, 10/01/2062		7,660,000		7,652,340
Regional Transportation District
(Colorado) 5.000%, 11/01/2038		2,630,000		2,956,173
San Diego County Water Authority
(California) 6.138%, 05/01/2049		840,000		1,094,184
South Carolina State Public Service
Authority 4.322%, 12/01/2027		3,205,000		3,447,138
State of California 4.000%, 09/01/2026		3,460,000		3,726,558
State of Georgia
5.000%, 07/01/2024		1,175,000		1,464,226
5.000%, 10/01/2021		4,690,000		5,955,878
5.000%, 07/01/2023		2,175,000		2,734,367
5.000%, 07/01/2025		1,630,000		2,013,441
State of Hawaii 5.000%, 12/01/2023		4,670,000		5,733,406
State of Louisiana
5.000%, 08/01/2021		1,315,000		1,645,104
5.000%, 07/15/2021		1,510,000		1,888,089
State of Minnesota 5.000%, 03/01/2027		1,465,000		1,743,160
State of Oregon 5.892%, 06/01/2027		60,000		76,349
State of Washington 5.000%, 07/01/2024		2,255,000		2,750,581
Texas Transportation Commission
5.178%, 04/01/2030		3,885,000		4,754,618
Tompkins County Industrial Development
Agency (New York)
5.000%, 07/01/2037		2,665,000		3,038,180
Utah Transit Authority
5.937%, 06/15/2039		2,155,000		2,828,890
Virginia College Building Authority
5.000%, 02/01/2022		1,010,000		1,257,187
Virginia Commonwealth Transportation
Board 5.350%, 05/15/2035		515,000		622,944
Virginia Public School Authority
5.000%, 08/01/2023		3,125,000		3,864,000

TOTAL MUNICIPAL BONDS (Cost $146,676,724)			$	154,785,798


TERM LOANS (M) - 1.9%
Consumer Discretionary - 0.7%
Atlantic Broadband Penn LLC
4.500%, 11/29/2019		1,766,125		1,790,409

244

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


New Income Trust (continued)
		Shares or
		Principal
		Amount		Value


TERM LOANS (M) (continued)
Consumer Discretionary (continued)
Bresnan Broadband Holdings LLC
4.500%, 12/14/2017	$	2,986,312	$	2,999,004
CCO Holdings LLC
2.704%, 09/05/2014		1,300,000		1,300,312
KAR Auction Services, Inc.
3.750%, 05/19/2017		4,052,967		4,095,523
Station Casinos, Inc.,
TBD 02/13/2020 (T)		2,000,000		2,020,834
TWCC Holding Corp.
3.500%, 02/07/2017		4,375,000		4,431,512
Univision Communications, Inc.
4.750%, 03/31/2017		3,582,146		3,598,356

				20,235,950
Consumer Staples - 0.4%
Del Monte Foods Company
4.000%, 03/08/2018		4,251,031		4,283,798
Dunkin’ Brands, Inc.
3.753%, 02/14/2020		4,575,988		4,626,516
H.J. Heinz Company,
TBD 03/27/2020 (T)		1,575,000		1,588,388

				10,498,702
Financials - 0.2%
Asurion LLC
4.500%, 05/24/2019		2,992,500		3,013,696
Nuveen Investments, Inc.
5.204%, 05/13/2017		3,383,809		3,438,796

				6,452,492
Health Care - 0.3%
Biomet, Inc.
4.014%, 07/25/2017		723,496		730,162
Capsugel Holdings US, Inc.
4.750%, 08/01/2018		3,879,145		3,938,950
HCA, Inc.
3.454%, 05/01/2018		3,578,988		3,607,291

				8,276,403
Information Technology - 0.1%
First Data Corp.
5.204%, 03/24/2017		2,951,102		2,967,241
Telecommunication Services - 0.2%
Intelsat Jackson Holdings SA
4.500%, 04/02/2018		4,289,250		4,353,589
Level 3 Financing, Inc.
4.750%, 08/01/2019		2,925,000		2,953,642

				7,307,231

TOTAL TERM LOANS (Cost $54,664,425)			$	55,738,019


COLLATERALIZED MORTGAGE
OBLIGATIONS - 5.6%
Commercial & Residential - 5.3%
Adjustable Rate Mortgage Trust,
Series 2005-8, Class 7A-31
0.444%, 11/25/2035 (P)		309,123		306,064
Banc of America Funding Corp.,
Series 2005-A 5A1
0.503%, 02/20/2035 (P)		279,541		262,087
Banc of America Merrill Lynch
Commercial Mortgage, Inc.
Series 2005-3, Class A2,
4.501%, 07/10/2043		72,222		72,349


New Income Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial & Residential (continued)
Banc of America Merrill Lynch Commercial
Mortgage, Inc. (continued)
Series 2007-1, Class AAB,
5.422%, 01/15/2049	$	4,523,522	$	4,702,998
Series 2007-4, Class A4,
5.936%, 02/10/2051 (P)		3,050,000		3,537,912
Series 2008-1, Class A4,
6.395%, 02/10/2051 (P)		2,200,000		2,636,944
Banc of America Mortgage Securities
Series 2005-B, Class 2A1,
2.850%, 03/25/2035 (P)		738,800		701,444
Series 2004-A, Class 2A2,
2.915%, 02/25/2034 (P)		48,750		48,601
Series 2004-D, Class 2A2,
3.109%, 05/25/2034 (P)		28,282		27,867
Series 2004-I, Class 3A2,
3.121%, 10/25/2034 (P)		12,934		13,273
Series 2005-J, Class 3A1,
3.135%, 11/25/2035 (P)		1,529,611		1,438,150
Series 2004-H, Class 2A2,
3.145%, 09/25/2034 (P)		66,643		66,289
Bear Stearns Commercial
Mortgage Securities
Series 2005-PWR9, Class AAB,
4.804%, 09/11/2042		152,470		157,904
Series 2002-TOP8, Class A2,
4.830%, 08/15/2038		8,946		8,946
Series 2007-PW15, Class AAB,
5.315%, 02/11/2044		482,531		497,416
Series 2006-PW13, Class AAB,
5.530%, 09/11/2041		32,064		33,469
Series 2006-PW12, Class A4,
5.910%, 09/11/2038 (P)		385,000		434,329
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2006-CD3,
Class AAB 5.608%, 10/15/2048		1,736		1,736
Commercial Mortgage Loan Trust,
Series 2008-LS1, Class A3
6.206%, 12/10/2049 (P)		152,909		153,074
Commercial Mortgage Pass Through
Certificates, Series 2007-C9, Class A4
5.993%, 12/10/2049 (P)		3,165,000		3,709,772
Credit Suisse First Boston Mortgage
Securities Corp., Series 2004-C2,
Class A1 3.819%, 05/15/2036		17,866		18,068
Credit Suisse Mortgage
Capital Certificates
Series 2010-1R, Class 12A1,
3.311%, 03/27/2036 (P)(S)		181,121		178,952
Series 2010-1R, Class 42A1,
5.000%, 10/27/2036 (S)		350,647		360,646
Series 2008-C1, Class A3,
6.024%, 02/15/2041 (P)		1,795,000		2,103,936
Fosse Master Issuer PLC
Series 2011-1A, Class A2,
1.703%, 10/18/2054 (P)(S)		663,097		670,838
Series 2012-1A, Class 3A1,
1.803%, 10/18/2054 (P)(S)		2,795,000		2,890,874
Series 2011-1A, Class A5,
1.803%, 10/18/2054 (P)(S)		575,000		591,185

245

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


New Income Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial & Residential (continued)
FREMF Mortgage Trust
Series 2013-K24, Class B,
3.381%, 11/25/2045 (P)(S)	$	1,230,000	$	1,222,803
Series 2012-K711, Class B,
3.563%, 08/25/2045 (P)(S)		3,255,000		3,330,054
Series 2012-K23, Class B,
3.656%, 10/25/2045 (P)(S)		2,165,000		2,178,111
Series 2012-K22, Class B,
3.687%, 08/25/2045 (P)(S)		2,000,000		2,027,916
GMAC Mortgage Corp. Loan Trust,
Series 2005-AR3, Class 5A1
5.203%, 06/19/2035 (P)		587,165		594,076
Greenpoint Mortgage Funding Trust,
Series 2005-AR1, Class A1
0.444%, 06/25/2045 (P)		1,997,948		1,380,768
Greenwich Capital
Commercial Funding Corp.
Series 2005-GG3, Class A3,
4.569%, 08/10/2042		170,301		170,164
Series 2005-GG3, Class AAB,
4.619%, 08/10/2042		30,479		31,090
GS Mortgage Securities Corp. II
Series 2012-GCJ9, Class A3,
2.773%, 11/10/2045		3,125,000		3,133,878
Series 2006-GG6, Class A4,
5.553%, 04/10/2038 (P)		5,100,000		5,638,892
Harborview Mortgage Loan Trust
Series 2006-9, Class 2A1A,
0.413%, 11/19/2036 (P)		8,848,668		6,667,171
Series 2005-2, Class 2A1A,
0.423%, 05/19/2035 (P)		652,839		534,693
Holmes Master Issuer PLC
Series 2012-1A, Class A2,
1.954%, 10/15/2054 (P)(S)		860,000		877,686
Series 2012-3A, Class B1,
2.504%, 10/15/2054 (P)(S)		2,950,000		3,052,132
JPMorgan Chase Commercial
Mortgage Securities Corp.
Series 2012-C8, Class A3,
2.829%, 10/15/2045		4,340,000		4,368,145
Series 2005-LDP4, Class ASB,
4.824%, 10/15/2042 (P)		206,738		213,518
Series 2006-LDP9, Class A3,
5.336%, 05/15/2047		620,000		698,209
Series 2006-CB16, Class A4,
5.552%, 05/12/2045		8,727,000		9,836,656
Series 2007-CB19, Class A4,
5.910%, 02/12/2049 (P)		4,823,000		5,563,200
JPMorgan Mortgage Trust,
Series 2005-ALT1, Class 1A1
0.504%, 10/25/2035 (P)		2,796,732		2,076,895
LB-UBS Commercial Mortgage Trust
Series 2006-C1, Class A4,
5.156%, 02/15/2031		5,667,500		6,237,492
Series 2006-C7, Class A3,
5.347%, 11/15/2038		2,185,000		2,471,810
Series 2007-C1, Class A4,
5.424%, 02/15/2040		2,142,000		2,441,222
Series 2008-C1, Class AM,
6.153%, 04/15/2041 (P)		825,000		973,827
Series 2008-C1, Class A2,
6.153%, 04/15/2041 (P)		1,415,000		1,699,766


New Income Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial & Residential (continued)
Merrill Lynch Mortgage Trust,
Series 2006-C2, Class AM
5.782%, 08/12/2043 (P)	$	2,950,000	$	3,338,073
Morgan Stanley Capital I Trust
Series 2007-IQ13, Class A4,
5.364%, 03/15/2044		10,875,000		12,401,817
Series 2007-HQ11, Class A4,
5.447%, 02/12/2044 (P)		13,725,000		15,601,660
Series 2007-IQ14, Class A4,
5.692%, 04/15/2049 (P)		1,885,000		2,157,805
Series 2007-T27, Class A2,
5.816%, 06/11/2042 (P)		4,731		4,730
Series 2007-IQ15, Class A4,
6.094%, 06/11/2049 (P)		1,100,000		1,278,264
Series 2008-T29, Class A4,
6.452%, 01/11/2043 (P)		5,222,000		6,303,560
Sequoia Mortgage Trust, Series 2010-H1,
Class A1 3.750%, 02/25/2040 (P)		187,883		189,426
STARM Mortgage Loan Trust,
Series 2007-2, Class 5A1
5.678%, 04/25/2037 (P)		2,033,480		1,905,163
Vendee Mortgage Trust, Series 1996-3,
Class 4 9.590%, 03/15/2025 (P)		5,641		6,354
Wachovia Bank
Commercial Mortgage Trust
Series 2006-C24, Class A3,
5.558%, 03/15/2045 (P)		4,468,000		4,959,712
Series 2006-C28, Class A4,
5.572%, 10/15/2048		8,720,000		9,822,443
Series 2007-C34, Class A3,
5.678%, 05/15/2046		1,235,000		1,429,766
WaMu Mortgage Pass
Through Certificates
Series 2005-AR13, Class A1A1,
0.494%, 10/25/2045 (P)		392,666		364,023
Series 2005-AR13, Class A1A3,
0.984%, 10/25/2045 (P)		703,939		687,117
Series 2005-AR12, Class 2A1,
2.945%, 09/25/2035 (P)		643,850		652,521
Wells Fargo Mortgage
Backed Securities Trust
Series 2006-2, Class 2A1,
0.904%, 03/25/2036 (P)		1,574,389		1,263,225
Series 2005-AR2, Class 3A1,
2.662%, 03/25/2035 (P)		75,070		75,025
Series 2005-AR2, Class 2A2,
2.682%, 03/25/2035 (P)		153,339		154,254
Series 2003-O, Class 5A1,
4.926%, 01/25/2034 (P)		79,301		79,624

				155,719,859
U.S. Government Agency - 0.3%
Federal Home Loan Mortgage Corp.
Series K502, Class A2,
1.426%, 08/25/2017		1,645,000		1,674,575
Series K025, Class A1,
1.875%, 04/25/2022		2,809,125		2,878,819
Series 2003-2627, Class IE IO,
4.500%, 04/15/2018		3,197		95
Series 199, Class PO,
6.500%, 08/01/2028		2,571		2,349

246

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


New Income Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage Association,
Series 319, Class 2 IO
6.500%, 02/01/2032	$	8,161	$	1,935
Government National
Mortgage Association
Series 2010-92, Class PI IO,
4.500%, 11/20/2037		7,356,801		846,069
Series 2010-103, Class IN IO,
4.500%, 02/20/2039		3,856,976		404,507
Series 2011-88, Class EI IO,
4.500%, 11/20/2039		1,697,383		242,517
Series 2011-41 Class AI IO,
4.500%, 12/20/2039		9,660,698		1,349,590
Series 2004-43, Class D,
4.994%, 03/16/2030 (P)		44,753		46,487
Series 1998-6, Class EA PO,
7.500%, 03/16/2028		15,821		14,408

				7,461,351

TOTAL COLLATERALIZED MORTGAGE
OBLIGATIONS (Cost $148,466,441)			$	163,181,210


ASSET BACKED SECURITIES - 4.4%
Ally Auto Receivables Trust
Series 2012-A, Class C,
2.400%, 11/15/2017 (S)		1,110,000		1,150,187
Series 2009-B, Class C,
4.060%, 05/16/2016 (S)		4,027,000		4,111,672
American Express Credit Account
Master Trust, Series 2012-5, Class C
1.070%, 05/15/2018 (S)		1,145,000		1,153,865
Americredit Automobile
Receivables Trust, Series 2012-4,
Class C 1.930%, 08/08/2018		1,430,000		1,448,724
AmeriCredit
Automobile Receivables Trust
Series 2011-2, Class B,
2.330%, 03/08/2016		3,905,000		3,956,515
Series 2012-1, Class C,
2.670%, 01/08/2018		300,000		312,451
Series 2011-1, Class C,
2.850%, 08/08/2016		2,495,000		2,565,187
Avis Budget Rental Car Funding
AESOP LLC, Series 2013-1A, Class A
1.920%, 09/20/2019 (S)		4,635,000		4,668,479
BankBoston Home Equity Loan Trust,
Series 1998-2, Class A6
6.640%, 12/25/2028 (P)		16,001		15,496
Cabela’s Master Credit Card Trust
Series 2012-1A, Class A1,
1.630%, 02/18/2020 (S)		2,000,000		2,047,162
Series 2011-2A, Class A1,
2.390%, 06/17/2019 (S)		5,515,000		5,772,837
Capital Auto Receivables Asset Trust
Series 2013-1, Class B,
1.290%, 04/20/2018		345,000		344,789
Series 2013-1, Class C,
1.740%, 10/22/2018		360,000		360,742
CarMax Auto Owner Trust
Series 2010-1, Class B,
3.750%, 12/15/2015		635,000		652,768
Series 2009-2, Class B,
4.650%, 08/17/2015		3,665,000		3,779,128


New Income Trust (continued)
		Shares or
		Principal
		Amount		Value


ASSET BACKED SECURITIES (continued)
CarMax Auto Owner Trust (continued)
Series 2010-1, Class C,
4.880%, 08/15/2016	$	405,000	$	420,351
Chase Funding Mortgage Loan Asset-
Backed Certificates
Series 2002-4, Class 2A1,
0.944%, 10/25/2032 (P)		4,639		4,293
Series 2003-3, Class 1A6,
3.717%, 10/25/2014		16,411		16,344
Series 2002-2, Class 1M1,
5.599%, 09/25/2031		16,954		13,532
CIT Equipment Collateral,
Series 2012-VT1, Class A3
1.100%, 08/22/2016 (S)		1,780,000		1,786,513
CKE Restaurant Holdings, Inc.,
Series 2013-1A, Class A2
4.474%, 03/20/2043 (S)		6,525,000		6,525,072
CNH Equipment Trust
Series 2012-D, Class B,
1.270%, 05/15/2020		2,936,000		2,928,223
Series 2010-B, Class A4,
1.740%, 01/17/2017		6,650,000		6,700,706
Countrywide Asset-Backed Certificates,
Series 2004-BC1, Class M2
1.809%, 01/25/2034 (P)		3,251,817		2,542,531
Dominos Pizza Master Issuer LLC,
Series 2012-1A, Class A2
5.216%, 01/25/2042 (S)		7,717,475		8,665,906
Ford Credit Auto Owner Trust,
Series 2009-D, Class D
8.140%, 02/15/2016 (S)		1,370,000		1,440,815
Ford Credit Floorplan Master Owner Trust
Series 2012-2, Class A,
1.920%, 01/15/2019		6,500,000		6,696,554
Series 2010-3, Class A1,
4.200%, 02/15/2017 (S)		2,450,000		2,612,327
Series 2010-3, Class C,
4.990%, 02/15/2017 (S)		4,490,000		4,738,701
GE Capital Credit Card Master
Note Trust, Series 2012-2, Class A
2.220%, 01/15/2022		5,465,000		5,661,576
GE Equipment Small Ticket LLC,
Series 2011-1, Class A3
1.450%, 01/21/2018 (S)		1,963,356		1,970,891
GSAA Home Equity Trust
Series 2007-7, Class 2A1,
0.262%, 07/25/2037 (P)		1,039,614		890,989
Series 2005-11, Class 2A1,
0.484%, 10/25/2035 (P)		684,985		625,217
Series 2005-MTR1, Class A4,
0.574%, 10/25/2035 (P)		4,625,000		4,202,636
GSAA Trust, Series 2005-8, Class A3
0.634%, 06/25/2035 (P)		3,181,738		2,894,538
Huntington Auto Trust
Series 2011-1A, Class B,
1.840%, 01/17/2017 (S)		455,000		463,652
Series 2011-1A, Class C,
2.530%, 03/15/2017 (S)		2,160,000		2,212,672
Hyundai Auto Lease Securitization Trust,
Series 2012-A, Class A4
1.050%, 04/17/2017 (S)		1,400,000		1,408,329
Lehman XS Trust, Series 2005-9N,
Class 1A1 0.474%, 02/25/2036 (P)		1,600,153		1,230,055

247

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


New Income Trust (continued)
		Shares or
		Principal
		Amount		Value


ASSET BACKED SECURITIES (continued)
Merrill Lynch Mortgage Investors, Inc.,
Series 2005-WMC1, Class M1
0.954%, 09/25/2035 (P)	$	2,315,513	$	2,167,885
Motor PLC, Series 2012-A, Class A1C
1.286%, 02/25/2020 (S)		1,625,000		1,630,028
Nordstrom Private Label Credit Card
Master Note Trust, Series 2011-1A,
Class A 2.280%, 11/15/2019 (S)		6,905,000		7,190,563
Renaissance Home Equity Loan Trust,
Series 2007-1, Class AF1
5.742%, 04/25/2037		3,310,690		1,938,571
Residential Asset Mortgage Products, Inc.,
Series 2003-RZ2 4.100%, 04/25/2033		11,084		10,651
Sierra Receivables Funding
Company LLC, Series 2013-1A,
Class A 1.590%, 11/20/2029 (S)		3,275,000		3,274,441
SMART Trust
Series 2013-1US, Class A4A,
1.050%, 10/14/2018		1,460,000		1,456,534
Series 2012-4US, Class A4A,
1.250%, 08/14/2018		1,885,000		1,885,000
Series 2011-2USA, Class A3A,
1.540%, 03/14/2015 (S)		1,981,791		1,993,319
Series 2011-2USA, Class A4A,
2.310%, 04/14/2017 (S)		1,860,000		1,910,034
Series 2011-1USA, Class A4A,
2.520%, 11/14/2016 (S)		1,930,000		1,975,677
Terwin Mortgage Trust,
Series 2005-14HE, Class AF2
4.849%, 08/25/2036		467,398		475,017
Volkswagen Auto Lease Trust,
Series 2012-A, Class A4
1.060%, 05/22/2017		2,705,000		2,725,112
Wheels SPV LLC, Series 2012-1,
Class A3 1.530%, 03/20/2021 (S)		1,370,000		1,389,738

TOTAL ASSET BACKED SECURITIES (Cost $126,714,483)			$	129,014,995


CAPITAL PREFERRED SECURITIES - 0.2%
Financials - 0.2%
PNC Financial Services Group, Inc.
(6.750% to 08/01/2021, then 3 month
LIBOR + 3.678%)
08/01/2021 (Q)		4,475,000		5,128,484

TOTAL CAPITAL PREFERRED
SECURITIES (Cost $4,475,000)			$	5,128,484


SHORT-TERM INVESTMENTS - 4.9%
Money Market Funds - 4.8%
T. Rowe Price Reserve Investment
Fund, 0.0959% (Y)		139,528,347		139,528,347


New Income Trust (continued)
		Shares or
		Principal
		Amount		Value


SHORT-TERM INVESTMENTS (continued)
Repurchase Agreement - 0.1%
Repurchase Agreement with State
Street Corp. dated 03/28/2013 at
0.010% to be repurchased at $1,603,101
on 04/01/2013, collateralized by
$1,630,000 Federal National Mortgage
Association, 0.875% - 2.080% due
08/28/2014 - 11/02/2022 (valued at
$1,643,539, including interest)	$	1,603,099	$	1,603,099

TOTAL SHORT-TERM INVESTMENTS (Cost $141,131,446)			$	141,131,446

Total Investments (New Income Trust)
(Cost $2,870,313,042) - 101.7%			$	2,965,474,795
Other assets and liabilities, net - (1.7%)				(50,112,982)

TOTAL NET ASSETS - 100.0%			$	2,915,361,813


Real Estate Securities Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 99.0%
Financials - 99.0%
Real Estate Investment Trusts - 99.0%
Diversified REITs - 8.6%
American Assets Trust, Inc.	66,691	$	2,134,779
BGP Holdings PLC (I)	194,291		0
Duke Realty Corp. (L)	756,801		12,850,478
Liberty Property Trust (L)	155,969		6,199,768
PS Business Parks, Inc.	45,190		3,566,395
Vornado Realty Trust	130,222		10,891,768

			35,643,188
Industrial REITs - 3.2%
DCT Industrial Trust, Inc.	272,871		2,019,245
Prologis, Inc.	279,381		11,169,652

			13,188,897
Office REITs - 14.0%
Alexandria Real Estate Equities, Inc.	102,182		7,252,878
Boston Properties, Inc. (L)	147,182		14,874,213
Digital Realty Trust, Inc.	9,899		662,342
Douglas Emmett, Inc.	505,299		12,597,104
DuPont Fabros Technology, Inc. (L)	521,460		12,655,834
SL Green Realty Corp. (L)	114,261		9,839,015

			57,881,386
Residential REITs - 18.7%
American Campus Communities, Inc.	229,855		10,421,626
AvalonBay Communities, Inc.	81,064		10,268,377
BRE Properties, Inc. (L)	73,320		3,569,218
Camden Property Trust	148,413		10,193,005
Equity Residential (L)	319,330		17,582,310
Home Properties, Inc.	96,637		6,128,719
Post Properties, Inc.	200,159		9,427,489
Spirit Realty Capital, Inc. (L)	192,578		3,658,982
UDR, Inc.	253,037		6,120,965

			77,370,691
Retail REITs - 26.1%
Acadia Realty Trust	186,856		5,188,991
Alexander’s, Inc.	8,726		2,876,875

248

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Real Estate Securities Trust (continued)
		Shares or
		Principal
		Amount		Value


COMMON STOCKS (continued)
Retail REITs (continued)
DDR Corp. (L)		354,769	$	6,180,076
Federal Realty Investment Trust		78,635		8,495,725
General Growth Properties, Inc.		350,010		6,958,199
Glimcher Realty Trust (L)		820,648		9,519,517
Pennsylvania Real Estate Investment Trust		64,570		1,252,012
Regency Centers Corp.		187,066		9,897,662
Simon Property Group, Inc.		297,980		47,247,709
Taubman Centers, Inc.		138,769		10,776,801

				108,393,567
Specialized REITs - 28.4%
Aviv REIT, Inc. (I)		44,488		1,070,381
DiamondRock Hospitality Company		528,251		4,918,017
Extra Space Storage, Inc.		138,705		5,446,945
Health Care REIT, Inc. (L)		233,649		15,867,104
Healthcare Realty Trust, Inc.		432,424		12,276,517
Host Hotels & Resorts, Inc. (L)		567,371		9,923,319
LaSalle Hotel Properties		139,989		3,552,921
Medical Properties Trust, Inc. (L)		151,702		2,433,300
Pebblebrook Hotel Trust		118,117		3,046,237
Public Storage		142,579		21,717,633
Sunstone Hotel Investors, Inc. (I)		555,573		6,839,104
Ventas, Inc.		421,053		30,821,080

				117,912,558

TOTAL COMMON STOCKS (Cost $361,721,859)			$	410,390,287


SECURITIES LENDING COLLATERAL - 15.2%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		6,313,447		63,189,393

TOTAL SECURITIES LENDING
COLLATERAL (Cost $63,188,122)			$	63,189,393


SHORT-TERM INVESTMENTS - 0.6%
Repurchase Agreement - 0.6%
Repurchase Agreement with State Street Corp.
dated 03/28/2013 at 0.010% to be
repurchased at $2,623,003 on 04/01/2013,
collateralized by $2,680,000 Federal Home
Loan Mortgage Corp., 1.600% due
01/09/2020 (valued at $2,676,650,
including interest)	$	2,623,000	$	2,623,000

TOTAL SHORT-TERM INVESTMENTS (Cost $2,623,000)			$	2,623,000

Total Investments (Real Estate Securities Trust)
(Cost $427,532,981) - 114.8%			$	476,202,680
Other assets and liabilities, net - (14.8%)				(61,431,471)

TOTAL NET ASSETS - 100.0%			$	414,771,209


Real Return Bond Trust
		Shares or
		Principal
		Amount		Value


U.S. GOVERNMENT & AGENCY
OBLIGATIONS - 94.9%
U.S. Government - 94.4%
Treasury Inflation Protected Securities
0.125%, 04/15/2016 to 04/15/2017 (D)	$	7,059,784	$	7,531,165
0.125%, 01/15/2022 to 01/15/2023		18,380,108		20,023,610
0.500%, 04/15/2015		4,262,040		4,477,473


Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


U.S. GOVERNMENT & AGENCY
OBLIGATIONS (continued)
U.S. Government (continued)
Treasury Inflation Protected
Securities (continued)
0.625%, 07/15/2021 to 02/15/2043	$	10,418,517	$	11,716,034
0.750%, 02/15/2042		1,735,802		1,815,812
1.250%, 04/15/2014 to 07/15/2020		5,665,097		6,452,715
1.375%, 01/15/2020		533,465		635,782
1.625%, 01/15/2015		1,934,276		2,063,480
1.750%, 01/15/2028		4,408,840		5,609,905
1.875%, 07/15/2015		237,232		260,251
2.000%, 07/15/2014 to 01/15/2026		13,950,721		15,278,320
2.000%, 01/15/2016 (D)		5,584,231		6,224,235
2.125%, 01/15/2019 (D)		4,732,045		5,774,572
2.375%, 01/15/2025 to 01/15/2027		14,743,243		19,817,351
2.625%, 07/15/2017		444,676		535,070
3.375%, 04/15/2032		6,881,046		11,074,183
3.875%, 04/15/2029		2,245,536		3,650,750
U.S. Treasury Notes
0.250%, 01/31/2014 (D)		71,000		71,058
2.000%, 02/15/2023		500,000		506,719

				123,518,485
U.S. Government Agency - 0.5%
Federal Home Loan Mortgage Corp.
2.500%, 10/02/2019		600,000		618,188

TOTAL U.S. GOVERNMENT & AGENCY
OBLIGATIONS (Cost $118,748,220)			$	124,136,673


FOREIGN GOVERNMENT
OBLIGATIONS - 8.5%
Australia - 2.1%
Commonwealth of Australia
5.500%, 01/21/2018	AUD	1,200,000		1,386,687
New South Wales Treasury Corp.
2.500%, 11/20/2035		500,000		632,681
2.750%, 11/20/2025		500,000		678,169

				2,697,537
Canada - 0.6%
Government of Canada
1.500%, 12/01/2044	CAD	314,775		399,870
4.250%, 12/01/2021		292,010		405,129

				804,999
Germany - 0.9%
Bundesobligation Inflation Linked,
Series I/L
2.250%, 04/15/2013	EUR	900,224		1,154,680
Italy - 2.7%
Italy Buoni Poliennali Del Tesoro
1.700%, 09/15/2018		198,608		245,309
Republic of Italy
Zero Coupon 09/13/2013 (Z)		900,000		1,149,166
2.100%, 09/15/2016		1,682,512		2,189,684

				3,584,159
Mexico - 1.3%
Government of Mexico
2.000%, 06/09/2022	MXN	19,024,821		1,629,213
Mexican Bonos De Proteccion Al Ahorro
4.320%, 01/30/2020 (P)		1,100,000		88,125

				1,717,338

249

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


FOREIGN GOVERNMENT
OBLIGATIONS (continued)
United Kingdom - 0.9%
Government of United Kingdom
1.250%, 11/22/2032	GBP	113,218	$	237,084
2.500%, 07/26/2016		100,000		536,986
United Kingdom Gilt Inflation Linked
0.625%, 11/22/2042		231,410		448,018

				1,222,088

TOTAL FOREIGN GOVERNMENT
OBLIGATIONS (Cost $10,989,089)			$	11,180,801


CORPORATE BONDS - 12.8%
Financials - 12.1%
Achmea Hypotheekbank NV
3.200%, 11/03/2014 (S)	$	244,000		254,196
Ally Financial, Inc.
3.492%, 02/11/2014 (P)		500,000		507,370
Bank of Montreal
2.850%, 06/09/2015 (S)		1,000,000		1,050,100
BBVA Bancomer SA
6.500%, 03/10/2021 (S)		200,000		227,000
Citigroup, Inc.
2.293%, 08/13/2013 (P)		1,900,000		1,912,498
Commonwealth Bank of Australia
0.784%, 06/25/2014 (P)(S)		5,300,000		5,332,542
Dexia Credit Local SA
1.400%, 09/20/2013		1,400,000		1,400,000
1.700%, 09/06/2013		700,000		702,801
2.750%, 04/29/2014 (S)		400,000		406,904
Eksportfinans ASA
2.375%, 05/25/2016		100,000		95,134
Everest Reinsurance Holdings, Inc.
5.400%, 10/15/2014		1,000,000		1,050,368
ING Bank Australia, Ltd.
3.690%, 06/24/2014 (P)	AUD	600,000		627,467
International Lease Finance Corp.
6.500%, 09/01/2014 (S)	$	100,000		106,500
Intesa Sanpaolo SpA
3.125%, 01/15/2016		100,000		97,762
NIBC Bank NV
2.800%, 12/02/2014 (S)		388,000		403,179
Nordea Bank AB
1.205%, 01/14/2014 (P)(S)		1,200,000		1,207,673
Westpac Banking Corp.
3.585%, 08/14/2014 (S)		400,000		416,494

				15,797,988
Materials - 0.7%
Rexam PLC
6.750%, 06/01/2013 (S)		1,000,000		1,003,749

TOTAL CORPORATE BONDS (Cost $16,295,281)			$	16,801,737


COLLATERALIZED MORTGAGE
OBLIGATIONS - 8.1%
Commercial & Residential - 6.5%
Banc of America Large Loan, Inc.,
Series 2009-UB1, Class A4A
5.614%, 06/24/2050 (P)(S)		250,000		283,438
BCAP LLC Trust
Series 2011-RR5, Class 5A1,
5.250%, 08/26/2037 (S)		352,379		373,561
Series 2011-RR5, Class 12A1,
5.575%, 03/26/2037 (P)(S)		100,000		94,251


Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial & Residential (continued)
Bear Stearns Adjustable
Rate Mortgage Trust
Series 2003-3, Class 3A2,
2.513%, 05/25/2033 (P)	$	123,486	$	124,922
Series 2005-1, Class 2A1,
2.821%, 03/25/2035 (P)		49,637		46,196
Bear Stearns Arm Trust, Series 2005-1,
Class 4A1 5.256%, 03/25/2035 (P)		335,823		330,651
CHL Mortgage Pass Through Trust,
Series 2004-J9, Class 2A5
5.500%, 01/25/2035		514,661		534,133
Citigroup Mortgage Loan Trust, Inc.,
Series 2005-6, Class A3
1.990%, 09/25/2035 (P)		61,634		61,207
Commercial Mortgage Pass Through
Certificates, Series 2010-C1, Class A1
3.156%, 07/10/2046 (S)		91,065		95,481
Countrywide Alternative Loan Trust,
Series 2007-OA4, Class A1
0.374%, 05/25/2047 (P)		538,872		433,458
Countrywide Home Loan Mortgage Pass
Through Trust, Series 2003-HYB3,
Class 7A1 2.927%, 11/19/2033 (P)		38,207		38,132
Credit Suisse Mortgage Capital
Certificates, Series 2009-RR1,
Class A3A 5.383%, 02/15/2040 (S)		100,000		109,948
Granite Mortgages PLC, Series 2004-3,
Class 3A2 0.887%, 09/20/2044 (P)	GBP	128,117		191,971
Greenpoint Mortgage Funding Trust,
Series 2005-AR1, Class A2
0.424%, 06/25/2045 (P)	$	351,775		292,790
GS Mortgage Securities Corp. II
Series 2007-EOP, Class A1,
1.103%, 03/06/2020 (P)(S)		35,154		35,164
Series 2007-EOP, Class A2,
1.260%, 03/06/2020 (P)(S)		250,000		250,389
Series 2010-C1, Class A2,
4.592%, 08/10/2043 (S)		600,000		690,832
GSR Mortgage Loan Trust,
Series 2005-AR1, Class 1A1
3.033%, 01/25/2035 (P)		35,700		35,080
Holmes Master Issuer PLC,
Series 2011-1A, Class A3
1.545%, 10/15/2054 (S)	EUR	641,344		829,571
Indymac INDA Mortgage Loan Trust,
Series 2005-AR1, Class 2A1
2.985%, 11/25/2035 (P)	$	97,936		86,373
JP Morgan Mortgage Trust
Series 2007-A1, Class 1A1,
3.050%, 07/25/2035 (P)		91,366		92,759
Series 2005-A6, Class 2A1,
3.100%, 08/25/2035 (P)		81,472		80,513
MASTR Adjustable Rate Mortgages Trust,
Series 2003-6, Class 2A1
2.510%, 12/25/2033 (P)		165,077		161,052
Merrill Lynch Mortgage Investors, Inc.,
Series 2005-3, Class 5A
0.454%, 11/25/2035 (P)		467,782		439,453
NCUA Guaranteed Notes Trust
Series 2010-R1, Class 1A,
0.653%, 10/07/2020 (P)		189,337		189,929

250

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial & Residential (continued)
NCUA Guaranteed Notes Trust (continued)
Series 2010-R3, Class 2A,
0.763%, 12/08/2020 (P)	$	244,445	$	245,423
RBSCF Trust, Series 2010-RR4,
Class CMLA
6.005%, 12/16/2049 (P)(S)		100,000		117,775
Sequoia Mortgage Trust, Series 2007-3,
Class 1A1 0.403%, 07/20/2036 (P)		90,580		80,347
Structured Adjustable Rate
Mortgage Loan Trust
Series 2004-19, Class 2A1,
1.578%, 01/25/2035 (P)		122,318		91,788
Series 2004-1, Class 4A2,
2.586%, 02/25/2034 (P)		232,507		234,188
Series 2004-18, Class 5A,
5.500%, 12/25/2034 (P)		197,942		193,545
Structured Asset Mortgage
Investments, Inc., Series 2004-AR5,
Class 1A1 0.863%, 10/19/2034 (P)		162,234		160,730
Vornado DP LLC, Series 2010-VNO,
Class A2FX 4.004%, 09/13/2028 (S)		600,000		666,373
Wachovia Bank Commercial
Mortgage Trust, Series 2004-C14,
Class A4 5.088%, 08/15/2041 (P)		100,000		104,179
WaMu Mortgage Pass-
Through Certificates
Series 2005-AR15, Class A1A1,
0.464%, 11/25/2045 (P)		167,759		152,793
Series 2006-AR17, Class 1A1A,
0.987%, 12/25/2046 (P)		146,797		129,870
Series 2002-AR17, Class 1A,
1.377%, 11/25/2042 (P)		27,942		26,653
Series 2005-AR10, Class 3A1,
5.297%, 08/25/2035 (P)		17,629		17,497
Wells Fargo Mortgage Backed
Securities Trust, Series 2005-AR16,
Class 6A1 2.673%, 10/25/2035 (P)		352,453		336,154
U.S. Government Agency - 1.6%
Federal Home Loan Mortgage Corp.
Series 3172, Class FK,
0.653%, 08/15/2033 (P)		284,856		287,047
Series 278, Class F1,
0.653%, 09/15/2042 (P)		393,170		396,268
Series T-62, Class 1A1,
1.375%, 10/25/2044 (P)		605,914		602,768
Federal National Mortgage Association
Series 2006-118, Class A2,
0.244%, 12/25/2036 (P)		89,255		84,046
Series 2004-63, Class FA,
0.354%, 08/25/2034 (P)		116,048		113,727
Series 2003-W8, Class 3F2,
0.554%, 05/25/2042 (P)		73,418		73,421
Series 2013-M4, Class X1 IO,
4.124%, 02/25/2018		3,500,000		563,763

				2,121,040

TOTAL COLLATERALIZED MORTGAGE
OBLIGATIONS (Cost $10,463,251)			$	10,579,609


ASSET BACKED SECURITIES - 4.2%
Aquilae CLO PLC, Series 2006-1X,
Class A 0.581%, 01/17/2023 (P)	EUR	189,299		235,770


Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


ASSET BACKED SECURITIES (continued)
Bear Stearns Asset Backed
Securities, Inc., Series 2006-AQ1,
Class 2A1 0.284%, 10/25/2036 (P)	$	46,096	$	44,737
Citibank Omni Master Trust,
Series 2009-A14A, Class A14
2.953%, 08/15/2018 (P)(S)		400,000		414,062
Equity One Asset Backed Securities, Inc.,
Series 2004-1, Class AV2
0.504%, 04/25/2034 (P)		84,135		68,827
HSBC Home Equity Loan Trust,
Series 2006-2, Class A1
0.353%, 03/20/2036 (P)		101,465		100,543
HSI Asset Securitization Corp. Trust,
Series 2006-HE1, Class 2A1
0.254%, 10/25/2036 (P)		6,268		3,080
Landmark V CDO, Ltd., Series 2005-1A,
Class A1L 0.587%, 06/01/2017 (P)(S)		82,052		81,643
LCM V LP, Series 5A, Class A1
0.512%, 03/21/2019 (P)(S)		600,000		584,493
Magnolia Funding, Ltd., Series 2010-1A,
Class A1 0.671%, 04/11/2021 (P)(S)	EUR	392,753		486,816
Nelnet Student Loan Trust, Series 2008-4,
Class A2 1.001%, 07/25/2018 (P)	$	32,498		32,629
North Carolina State Education Assistance
Authority, Series 2011-2, Class A1
0.751%, 10/26/2020 (P)		152,480		152,620
Park Place Securities, Inc.,
Series 2005-WCW1, Class A1B
0.464%, 09/25/2035 (P)		30,826		29,949
Penta CLO SA, Series 2007-1X, Class A1
0.564%, 06/04/2024 (P)	EUR	193,661		236,475
RAAC Series Trust, Series 2006-SP4,
Class A2 0.374%, 11/25/2036 (P)	$	343,580		340,143
RAMP Series Trust, Series 2006-RZ5,
Class A2 0.384%, 08/25/2046 (P)		623,341		575,090
SLM Student Loan Trust
Series 2010-C, Class A1,
1.853%, 12/15/2017 (P)(S)		42,052		42,191
Series 2009-CT, Class 1A,
2.350%, 04/15/2039 (P)(S)		128,468		129,171
Structured Asset Securities Corp.,
Series 2005-WF1, Class M1
0.644%, 02/25/2035 (P)		155,270		139,269
Symphony CLO III, Ltd., Series 2007-3A,
Class A1A 0.530%, 05/15/2019 (P)(S)		500,000		495,371
United States Small Business
Administration 5.902%, 02/10/2018		418,655		462,305
Venture VII CDO, Ltd., Series 2006-7A,
Class A1A 0.532%, 01/20/2022 (P)(S)		700,000		675,500
Wood Street CLO BV, Series II-A,
Class A1 0.587%, 03/29/2021 (P)(S)	EUR	157,250		195,853

TOTAL ASSET BACKED SECURITIES (Cost $5,483,103)			$	5,526,537


PURCHASED OPTIONS - 0.0%
Put Options - 0.0%
Over the Counter USD Option on 30 Year
Interest Rate Swap. Receive a floating
rate based on 3-month LIBOR and pay
a fixed rate of 3.875% (Expiration
Date: 04/14/2014; Strike Price: $3.87,
Counterparty: Deutsche Bank AG) (I)		700,000		14,079

251

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


PURCHASED OPTIONS (continued)
Put Options (continued)
Over the Counter USD Option on 30 Year
Interest Rate Swap. Receive a floating
rate based on 3-month LIBOR and pay
a fixed rate of 75.00% (Expiration
Date: 06/20/2013; Strike Price: $75.00,
Counterparty: Deutsche Bank AG) (I) EUR		16,800,000	$	0

				14,079

TOTAL PURCHASED OPTIONS (Cost $36,907)			$	14,079


SHORT-TERM INVESTMENTS - 53.4%

U.S. GOVERNMENT - 0.0%
U.S. Treasury Bill 0.146%,
12/12/2013 * (D)	$	23,000	$	22,977
U.S. Government Agency - 2.3%
Federal Home Loan Bank Discount
Notes 0.103%, 04/05/2013 *		100,000		99,999
Federal Home Loan Mortgage Corp.
Discount Notes
0.160%, 02/04/2014 *		700,000		699,139
0.166%, 02/11/2014 *		1,600,000		1,597,946
0.168%, 01/15/2014 *		600,000		599,338

				2,996,422
Commercial Paper - 3.5%
Abbey National Bank 1.005%,
04/03/2013 *		400,000		399,978
Banco do Brasil SA 1.200%, 01/24/2014 *		900,000		891,166
Bank of Nova Scotia 0.056%,
03/27/2014 *		100,000		99,952
Santander UK PLC 2.225%, 04/02/2013 *		700,000		699,957
Standard Chartered Bank 0.959%,
10/01/2013 *		1,100,000		1,094,688
Xstrata PLC 0.470%, 04/01/2013 *		1,300,000		1,300,000

				4,485,741
Repurchase Agreement - 47.6%
Repurchase Agreement with Bank of
America dated 03/28/2013 at 0.210% to
be repurchased at $15,700,366 on
04/01/2013, collateralized by
$15,990,000 U.S. Treasury Notes,
0.625% due 05/31/2017 (valued at
$16,063,622, including interest)		15,700,000		15,700,000
Repurchase Agreement with Barclays
Capital dated 03/28/2013 at 0.210% to
be repurchased at $7,000,163 on
04/01/2013, collateralized by
$5,523,000 Treasury Inflation Protected
Securities, 2.000% due 01/15/2014
(valued at $7,152,506,
including interest)		7,000,000		7,000,000
Repurchase Agreement with Citigroup
dated 03/28/2012 at 0.220% to be
repurchased at $5,500,134 on
04/01/2012, collateralized by
$5,615,000 U.S Treasury Note, 0.125%
due 12/31/2013 (valued at $5,616,687,
including interest)		5,500,000		5,500,000


Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


U.S. GOVERNMENT (continued)
Repurchase Agreement (continued)
Repurchase Agreement with JPMorgan
Chase & Company dated 03/28/2013 at
0.240% to be repurchased at
$12,300,328 on 04/01/2013,
collateralized by $12,420,000 Federal
home Loan Mortgage Corp., 1.000%
due 08/27/2014 (valued at $12,561,725,
including interest)	$	12,300,000	$	12,300,000
Repurchase Agreement with Morgan
Stanley dated 03/28/2013 at 0.220% to
be repurchased at $15,700,384 on
04/01/2013, collateralized by
$12,355,500 U.S. Treasury Bond,
4.500% due 05/15/2038 (valued at
$16,057,926, including interest)		15,700,000		15,700,000
Repurchase Agreement with Morgan
Stanley dated 03/28/2013 at 0.230% to
be repurchased at $5,500,141 on
04/01/2013, collateralized by
$5,500,141 Federal Farm Credit Bank,
0.250% due 01/30/2015 (valued at
$5,610,070, including interest)		5,500,000		5,500,000
Repurchase Agreement with State
Street Corp. dated 03/28/2013 at
0.010% to be repurchased at $606,001
on 04/01/2013, collateralized by
$620,000 U.S. Treasury Note, 0.250%
due 09/15/2015 (valued at $619,225,
including interest)		606,000		606,000

				62,306,000

TOTAL SHORT-TERM INVESTMENTS (Cost $69,810,740)			$	69,811,140

Total Investments (Real Return Bond Trust)
(Cost $231,826,591) - 181.9%			$	238,050,576
Other assets and liabilities, net - (81.9%)				(107,191,037)

TOTAL NET ASSETS - 100.0%			$	130,859,539


Science & Technology Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 94.3%
Consumer Discretionary - 5.8%
Automobiles - 0.7%
Tesla Motors, Inc. (I)(L)	60,113	$	2,277,682
Household Durables - 0.2%
iRobot Corp. (I)(L)	27,000		692,820
Internet & Catalog Retail - 4.9%
Amazon.com, Inc. (I)	32,590		8,684,909
Ctrip.com International, Ltd., ADR (I)(L)	39,900		853,062
Groupon, Inc. (I)(L)	105,800		647,496
Netflix, Inc. (I)	3,885		735,858
priceline.com, Inc. (I)	8,175		5,623,828
Vipshop Holdings, Ltd., ADR (I)	12,055		366,110

			16,911,263

			19,881,765

252

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Science & Technology Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Health Care - 0.9%
Health Care Equipment & Supplies - 0.4%
Stryker Corp.	20,600	$	1,343,944
Pharmaceuticals - 0.5%
Hospira, Inc. (I)	55,600		1,825,348

			3,169,292
Industrials - 1.1%
Construction & Engineering - 0.8%
Quanta Services, Inc. (I)	96,975		2,771,546
Professional Services - 0.3%
RPX Corp. (I)	63,200		891,752

			3,663,298
Information Technology - 85.7%
Communications Equipment - 10.2%
Acme Packet, Inc. (I)	26,200		765,564
Aruba Networks, Inc. (I)(L)	147,080		3,638,759
Cisco Systems, Inc.	636,310		13,305,242
F5 Networks, Inc. (I)	30,100		2,681,308
Finisar Corp. (I)(L)	127,300		1,679,087
JDS Uniphase Corp. (I)	118,000		1,577,660
Juniper Networks, Inc. (I)	44,852		831,556
Motorola Solutions, Inc.	28,620		1,832,539
Palo Alto Networks, Inc. (I)(L)	23,220		1,314,252
QUALCOMM, Inc.	69,885		4,678,801
Telefonaktiebolaget LM Ericsson, ADR (L)	210,900		2,657,340

			34,962,108
Computers & Peripherals - 13.3%
Apple, Inc.	44,470		19,683,756
Asustek Computer, Inc.	138,000		1,643,917
Dell, Inc.	624,500		8,949,085
Fusion-io, Inc. (I)(L)	112,490		1,841,461
Lenovo Group, Ltd.	1,394,000		1,388,344
NEC Corp.	278,000		742,967
NetApp, Inc. (I)	59,700		2,039,352
SanDisk Corp. (I)	96,065		5,283,575
Seagate Technology PLC	20,830		761,545
Synaptics, Inc. (I)(L)	67,300		2,738,437
Western Digital Corp.	8,505		427,631

			45,500,070
Electronic Equipment, Instruments & Components - 2.4%
Hirose Electric Company, Ltd.	4,300		567,468
IPG Photonics Corp. (L)	37,900		2,516,939
Jabil Circuit, Inc.	102,300		1,890,504
Keyence Corp.	1,700		522,264
RealD, Inc. (I)(L)	187,800		2,441,400
TPK Holding Company, Ltd.	4,000		79,848

			8,018,423
Internet Software & Services - 15.9%
Akamai Technologies, Inc. (I)	50,500		1,782,145
Angie’s List, Inc. (I)(L)	70,216		1,387,468
Baidu, Inc., ADR (I)(L)	101,350		8,888,395
Bitauto Holdings, Ltd., ADR (I)	14,600		145,270
Dropbox, Inc. (I)(R)	7,441		67,334
eBay, Inc. (I)	123,050		6,671,771
Facebook, Inc., Class A (I)(L)	115,755		2,961,013
Google, Inc., Class A (I)	26,300		20,882,989
LinkedIn Corp., Class A (I)	7,890		1,389,113
NetEase.com, Inc., ADR	56,985		3,121,068


Science & Technology Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Internet Software & Services (continued)
Qihoo 360 Technology
Company, Ltd., ADR (I)(L)	43,955	$	1,302,387
RealNetworks, Inc. (I)	132,300		1,020,033
Renren, Inc., ADR (I)	745		2,153
SINA Corp. (I)	34,900		1,695,791
Yahoo!, Inc. (I)	88,790		2,089,229
Yandex NV, Class A (I)	45,305		1,047,452
Youku Tudou, Inc., Class A (I)	10		9

			54,453,620
IT Services - 5.6%
Accenture PLC, Class A	21,400		1,625,758
Automatic Data Processing, Inc. (L)	3,165		205,788
Cognizant Technology
Solutions Corp., Class A (I)	31,460		2,410,151
Computer Sciences Corp.	35,140		1,729,942
Fiserv, Inc. (I)	11,460		1,006,532
IBM Corp.	16,230		3,461,859
Mastercard, Inc., Class A	4,145		2,242,984
The Western Union Company	59,140		889,466
Vantiv, Inc., Class A (I)	23,200		550,768
Visa, Inc., Class A (L)	30,560		5,190,310

			19,313,558
Semiconductors & Semiconductor Equipment - 17.7%
Advanced Micro Devices, Inc. (I)(L)	236,600		603,330
Altera Corp.	94,600		3,355,462
Analog Devices, Inc.	51,170		2,378,893
Applied Materials, Inc.	394,500		5,317,860
ASML Holding NV, ADR (L)	500		34,005
Atmel Corp. (I)(L)	369,100		2,568,936
Avago Technologies, Ltd. (L)	71,735		2,576,721
Cree, Inc. (I)	16,000		875,360
First Solar, Inc. (I)(L)	62,900		1,695,784
Freescale Semiconductor, Ltd. (I)	105,405		1,569,480
Intersil Corp., Class A	99,700		868,387
KLA-Tencor Corp.	18,540		977,800
Lam Research Corp. (I)	51,255		2,125,032
Marvell Technology Group, Ltd.	294,940		3,120,465
Maxim Integrated Products, Inc.	39,730		1,297,185
MediaTek, Inc.	243,000		2,769,462
Mellanox Technologies, Ltd. (I)(L)	47,100		2,614,521
MEMC Electronic Materials, Inc. (I)(L)	140,500		618,200
Microchip Technology, Inc. (L)	61,665		2,266,805
Micron Technology, Inc. (I)	567,000		5,658,660
NVIDIA Corp.	327,500		4,198,550
NXP Semiconductor NV (I)	28,495		862,259
ON Semiconductor Corp. (I)	582,870		4,826,164
Samsung Electronics Company, Ltd.	410		558,421
Skyworks Solutions, Inc. (I)	17,165		378,145
STR Holdings, Inc. (I)(L)	195,300		423,801
Texas Instruments, Inc.	54,065		1,918,226
Tokyo Electron, Ltd.	17,300		737,652
Xilinx, Inc.	90,900		3,469,653

			60,665,219
Software - 20.6%
Activision Blizzard, Inc.	60,453		880,800
Adobe Systems, Inc. (I)	37,485		1,630,972
Aspen Technology, Inc. (I)	94,935		3,065,451
Autodesk, Inc. (I)	118,277		4,877,743
Check Point Software Technologies, Ltd. (I)(L)	52,500		2,466,975
Electronic Arts, Inc. (I)	45,886		812,182
Fortinet, Inc. (I)	105,715		2,503,331

253

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Science & Technology Trust (continued)
		Shares or
		Principal
		Amount		Value


COMMON STOCKS (continued)
Software (continued)
Intuit, Inc.		45,045	$	2,957,204
Microsoft Corp.		669,085		19,142,522
Nintendo Company, Ltd.		23,000		2,488,959
Nuance Communications, Inc. (I)(L)		85,200		1,719,336
Oracle Corp.		249,590		8,071,741
QLIK Technologies, Inc. (I)		15,930		411,472
Red Hat, Inc. (I)		122,600		6,198,656
Salesforce.com, Inc. (I)(L)		35,925		6,424,468
ServiceNow, Inc. (I)(L)		71,200		2,577,440
Silver Spring Networks, Inc. (I)(L)		3,700		64,121
Silver Spring Networks, Inc.
(Frankfurt Exchange) (I)		22,705		357,046
Symantec Corp. (I)		86,235		2,128,280
Workday, Inc., Class A (I)		29,872		1,841,011

				70,619,710

				293,532,708
Materials - 0.5%
Chemicals - 0.5%
Monsanto Company		8,075		852,962
Nitto Denko Corp.		12,300		739,134

				1,592,096

				1,592,096
Telecommunication Services - 0.3%
Diversified Telecommunication Services - 0.3%
China Unicom Hong Kong, Ltd. (I)		928,000		1,241,363

TOTAL COMMON STOCKS (Cost $301,369,279)			$	323,080,522


PREFERRED SECURITIES - 1.1%
Information Technology - 1.1%
Internet Software & Services - 1.1%
Coupon.com, Inc. (I)(R)		85,758		235,552
Dropbox, Inc., Series A (I)(R)		9,241		83,623
Dropbox, Inc., Series A1 (I)(R)		89,006		805,424
Twitter, Inc., Series E (I)(R)		125,031		2,048,008
Workday Inc. (I)		9,053		553,646

				3,726,253

				3,726,253

TOTAL PREFERRED SECURITIES (Cost $1,813,674)			$	3,726,253


SECURITIES LENDING COLLATERAL - 11.4%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		3,901,774		39,051,683

TOTAL SECURITIES LENDING
COLLATERAL (Cost $39,051,154)			$	39,051,683


SHORT-TERM INVESTMENTS - 4.4%
Money Market Funds - 2.9%
State Street Institutional U.S. Government
Money Market Fund, 0.0241% (Y)	$	543,013	$	543,013
T.Rowe Price Prime Reserve
Fund, 0.0959% (Y)		9,329,942		9,329,942

				9,872,955


Science & Technology Trust (continued)
		Shares or
		Principal
		Amount		Value


SHORT-TERM INVESTMENTS (continued)
Repurchase Agreement - 1.5%
Repurchase Agreement with State Street Corp.
dated 03/28/2013 at 0.010% to be
repurchased at $5,057,006 on 04/01/2013,
collateralized by $5,165,000 U.S. Tresaury
Notes, 0.250% due 09/15/2015 (valued
at $5,158,544)	$	5,057,000	$	5,057,000

TOTAL SHORT-TERM INVESTMENTS (Cost $14,929,955)			$	14,929,955

Total Investments (Science & Technology Trust)
(Cost $357,164,062) - 111.2%			$	380,788,413
Other assets and liabilities, net - (11.2%)				(38,274,551)

TOTAL NET ASSETS - 100.0%			$	342,513,862


Short Term Government Income Trust
		Shares or
		Principal
		Amount		Value


U.S. GOVERNMENT & AGENCY
OBLIGATIONS - 89.4%
U.S. Government - 16.7%
U.S. Treasury Notes
0.500%, 07/31/2017	$	16,285,000	$	16,197,208
0.625%, 08/31/2017 to 11/30/2017		18,020,000		17,986,651
0.875%, 12/31/2016		5,560,000		5,636,450
1.000%, 08/31/2016		5,840,000		5,949,500
1.250%, 09/30/2015		8,010,000		8,198,988
2.000%, 04/30/2016		5,275,000		5,536,687
2.125%, 05/31/2015		22,370,000		23,261,310
2.500%, 04/30/2015		9,425,000		9,861,641

				92,628,435
U.S. Government Agency - 72.7%
Federal Agricultural Mortgage Corp.
2.000%, 07/27/2016		17,804,000		18,618,141
2.125%, 09/15/2015		16,420,000		16,999,987
2.375%, 07/22/2015		20,010,000		20,879,435
5.125%, 04/19/2017 (S)		20,785,000		24,253,060
Federal Farm Credit Bank
0.900%, 12/26/2017		7,925,000		7,912,098
0.970%, 09/05/2017		8,305,000		8,324,018
1.100%, 06/20/2017		8,670,000		8,688,727
1.240%, 11/13/2018		19,775,000		19,745,871
Federal Home Loan Bank
1.000%, 08/21/2017 to 10/16/2017		38,355,000		38,357,940
1.130%, 03/27/2018		11,500,000		11,534,086
1.150%, 07/25/2018		14,235,000		14,231,811
2.125%, 06/10/2016		4,000,000		4,207,892
Federal Home Loan Mortgage Corp.
1.200%, 03/20/2018		5,670,000		5,661,710
2.197%, 09/01/2042 (P)		2,107,573		2,181,187
2.835%, 11/01/2033 (P)		34,762		37,380
3.008%, 01/01/2037 (P)		494,917		527,023
4.281%, 09/01/2039 (P)		656,160		697,249
5.500%, 11/01/2035		373,545		407,339
6.000%, 11/01/2028 to 12/01/2028		154,877		170,578
6.500%, 11/01/2037 to 09/01/2039		1,917,227		2,140,327
7.000%, 04/01/2018 to 06/01/2032		334,852		392,755
9.500%, 08/01/2020		24,463		28,154
12.000%, 07/01/2020		1,064		1,125

254

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Short Term Government Income Trust (continued)
		Shares or
		Principal
		Amount		Value


U.S. GOVERNMENT & AGENCY
OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage Association
0.500%, 07/02/2015	$	6,000,000	$	6,018,624
0.580%, 04/25/2016		7,700,000		7,693,912
0.625%, 11/14/2016		5,220,000		5,220,893
0.650%, 04/30/2015		17,015,000		17,020,802
1.000%, 12/12/2017 to 12/28/2017		8,630,000		8,628,175
2.270%, 09/01/2033 (P)		184,834		196,190
2.330%, 09/01/2041 (P)		7,600,933		7,932,706
2.438%, 04/01/2042 (P)		5,894,439		6,148,796
2.494%, 02/01/2042 (P)		8,708,669		9,122,244
2.602%, 02/01/2042 (P)		6,583,958		6,897,131
3.427%, 07/01/2039 (P)		23,054		24,386
4.183%, 05/01/2034 (P)		82,841		86,946
4.866%, 04/01/2048 (P)		14,569		15,549
5.000%, 04/01/2019 to 03/01/2025		1,564,529		1,687,064
5.500%, 04/01/2018 to 08/01/2040		8,939,856		9,809,876
6.000%, 10/01/2036 to 05/01/2037		5,024,639		5,512,007
6.500%, 02/01/2026 to 01/01/2039		14,196,411		15,832,118
7.000%, 07/01/2022 to 07/01/2034		890,416		1,024,068
7.500%, 09/01/2029 to 02/01/2031		184,896		215,961
8.000%, 07/01/2014 to 03/01/2033		329,306		391,049
8.500%, 08/01/2019		72,474		81,649
9.000%, 05/01/2021		262		267
11.500%, 09/15/2013 to 09/01/2019		1,868		1,939
12.000%, 10/01/2015 to 04/20/2016		15,483		16,660
12.500%, 09/20/2015		1,979		2,128
Government National Mortgage Association
3.000%, 07/20/2041 (P)		12,165,376		12,891,248
3.500%, 07/20/2041 (P)		14,352,081		15,340,022
3.750%, 10/20/2039 (P)		1,152,155		1,214,426
4.000%, 10/20/2039 (P)		443,977		471,614
5.000%, 03/20/2040		163,219		181,537
6.000%, 09/15/2038 to 01/20/2039		783,970		882,388
6.500%, 02/15/2034 to 09/15/2034		480,387		552,625
7.500%, 02/15/2022 to 12/15/2027		172,382		200,724
8.000%, 12/15/2025		79,692		90,310
8.500%, 11/15/2015 to 06/15/2025		197,959		229,156
Tennessee Valley Authority
4.375%, 06/15/2015		20,195,000		21,967,293
4.500%, 04/01/2018		10,349,000		12,134,151
4.875%, 12/15/2016		8,501,000		9,811,540
5.500%, 07/18/2017		9,413,000		11,291,110

				402,837,177

TOTAL U.S. GOVERNMENT & AGENCY
OBLIGATIONS (Cost $490,356,413)			$	495,465,612


COLLATERALIZED MORTGAGE
OBLIGATIONS - 7.5%
U.S. Government Agency - 7.5%
Federal Home Loan Mortgage Corp.
Series K022, Class X1 IO,
1.309%, 07/25/2022		11,689,530		1,116,338
Series K017, Class X1 IO,
1.454%, 12/25/2021		5,710,633		563,651
Series K708, Class X1 IO,
1.512%, 01/25/2019		11,508,099		881,555
Series K709, Class X1 IO,
1.546%, 03/25/2019		6,757,587		533,964
Series K707, Class X1 IO,
1.559%, 12/25/2018		5,070,657		389,548
Series K706, Class X1 IO,
1.594%, 10/25/2018		15,693,948		1,216,579


Short Term Government Income Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal Home Loan Mortgage Corp. (continued)
Series K711, Class X1 IO,
1.711%, 07/25/2019	$	16,307,421	$	1,479,279
Series K710, Class X1 IO,
1.784%, 05/25/2019		5,316,892		494,359
Series 4094, Class QA,
3.000%, 11/15/2039		14,139,827		15,065,830
Series 3956, Class DJ,
3.250%, 10/15/2036		4,913,628		5,034,503
Series 2525, Class AM,
4.500%, 04/15/2032		692,679		790,080
Series 3499, Class PA,
4.500%, 08/15/2036		705,008		738,228
Series 3947, Class PA,
4.500%, 01/15/2041		1,210,861		1,344,231
Federal National Mortgage Association
Series 2012-110, Class MA,
3.000%, 07/25/2041		2,656,200		2,861,901
Series 2003-W14, Class 2A,
3.424%, 01/25/2043 (P)		876,705		947,218
Series 2011-146, Class MA,
3.500%, 08/25/2041		6,891,486		7,442,494
Government National Mortgage Association,
Series 2012-114, Class IO
1.027%, 01/16/2053		4,068,633		398,940

				41,298,698

TOTAL COLLATERALIZED MORTGAGE
OBLIGATIONS (Cost $37,190,634)			$	41,298,698


PREFERRED SECURITIES - 0.0%
Financials - 0.0%
Federal Home Loan Mortgage Corp., Series Z
(Higher of 3 month LIBOR + 4.160% or
7.875%), 7.875% (I)		39,750		131,970
Federal National Mortgage Association,
Series S (Higher of 3 month
LIBOR + 4.230% or 7.750%), 7.750% (I)		28,575		92,869

				224,839

TOTAL PREFERRED SECURITIES (Cost $1,708,125)			$	224,839


SHORT-TERM INVESTMENTS - 3.8%

REPURCHASE AGREEMENT - 3.8%
Repurchase Agreement with State Street Corp.
dated 03/28/2013 at 0.010% to be
repurchased at $21,049,023 on 04/01/2013,
collateralized by $21,180,000 Federal Home
Loan Mortgage Corporation 3.000% due
07/10/2019 (valued at $21,471,225,
including interest)	$	21,049,000	$	21,049,000

TOTAL SHORT-TERM INVESTMENTS (Cost $21,049,000)			$	21,049,000

Total Investments (Short Term Government Income Trust)
(Cost $550,304,172) - 100.7%			$	558,038,149
Other assets and liabilities, net - (0.7%)				(4,058,740)

TOTAL NET ASSETS - 100.0%			$	553,979,409

255

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Growth Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 97.1%
Consumer Discretionary - 20.1%
Auto Components - 2.3%
Allison Transmission Holdings, Inc.	178,410	$	4,283,624
Tenneco, Inc. (I)(L)	143,162		5,627,698

			9,911,322
Hotels, Restaurants & Leisure - 3.9%
AFC Enterprises, Inc. (I)	57,312		2,082,145
Bloomin’ Brands, Inc. (I)(L)	203,010		3,627,787
Buffalo Wild Wings, Inc. (I)(L)	40,030		3,503,826
Burger King Worldwide, Inc. (L)	186,400		3,560,240
The Cheesecake Factory, Inc. (L)	100,482		3,879,610

			16,653,608
Household Durables - 1.1%
iRobot Corp. (I)(L)	71,900		1,844,954
Standard Pacific Corp. (I)(L)	358,220		3,095,021

			4,939,975
Internet & Catalog Retail - 1.6%
HomeAway, Inc. (I)	94,350		3,066,375
HSN, Inc.	70,550		3,870,373

			6,936,748
Media - 2.0%
Pandora Media, Inc. (I)(L)	348,910		4,940,566
Shutterstock, Inc. (I)(L)	78,820		3,545,324

			8,485,890
Specialty Retail - 5.4%
DSW, Inc., Class A	57,440		3,664,672
Five Below, Inc. (I)	60,980		2,310,532
Francesca’s Holdings Corp. (I)(L)	128,610		3,685,963
Hibbett Sports, Inc. (I)(L)	56,300		3,168,001
Pier 1 Imports, Inc. (L)	199,193		4,581,439
rue21, Inc. (I)(L)	108,269		3,182,026
Urban Outfitters, Inc. (I)	59,810		2,317,039

			22,909,672
Textiles, Apparel & Luxury Goods - 3.8%
Hanesbrands, Inc. (I)(L)	92,632		4,220,314
Quiksilver, Inc. (I)(L)	264,168		1,603,500
Samsonite International SA	2,413,200		6,032,844
Steven Madden, Ltd. (I)	102,570		4,424,870

			16,281,528

			86,118,743
Consumer Staples - 2.7%
Food & Staples Retailing - 0.8%
Casey’s General Stores, Inc. (L)	57,510		3,352,833
Household Products - 1.0%
Spectrum Brands Holdings, Inc.	73,560		4,162,760
Personal Products - 0.9%
Elizabeth Arden, Inc. (I)(L)	100,467		4,043,797

			11,559,390
Energy - 6.4%
Energy Equipment & Services - 2.5%
Atwood Oceanics, Inc. (I)(L)	54,934		2,886,232
Patterson-UTI Energy, Inc. (L)	129,440		3,085,850
Trican Well Service, Ltd.	311,490		4,568,786

			10,540,868
Oil, Gas & Consumable Fuels - 3.9%
Gulfport Energy Corp. (I)	56,800		2,603,144


Small Cap Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels (continued)
Painted Pony Petroleum, Ltd., Class A (I)	300,440	$	3,013,716
Rex Energy Corp. (I)(L)	170,560		2,810,829
Rosetta Resources, Inc. (I)(L)	64,900		3,087,942
SemGroup Corp., Class A (I)	99,420		5,142,002

			16,657,633

			27,198,501
Financials - 4.7%
Capital Markets - 1.4%
Financial Engines, Inc. (L)	80,620		2,920,056
Virtus Investment Partners, Inc. (I)	7,087		1,320,166
WisdomTree Investments, Inc. (I)	168,600		1,753,440

			5,993,662
Commercial Banks - 0.2%
East West Bancorp, Inc.	42,203		1,083,351
Real Estate Investment Trusts - 2.4%
Pebblebrook Hotel Trust	196,977		5,080,037
Potlatch Corp.	114,242		5,239,138

			10,319,175
Real Estate Management & Development - 0.1%
Countrywide PLC (I)	50,200		297,478
Thrifts & Mortgage Finance - 0.6%
Ocwen Financial Corp. (I)	67,050		2,542,536

			20,236,202
Health Care - 12.9%
Biotechnology - 6.6%
Algeta ASA (I)(L)	59,054		1,987,465
Arena Pharmaceuticals, Inc. (I)(L)	224,490		1,843,063
AVEO Pharmaceuticals, Inc. (I)(L)	164,150		1,206,503
Cubist Pharmaceuticals, Inc. (I)	64,520		3,020,826
Exelixis, Inc. (I)(L)	347,590		1,605,866
Immunogen, Inc. (I)(L)	138,850		2,229,931
Incyte Corp. (I)(L)	104,280		2,441,195
Ironwood Pharmaceuticals, Inc. (I)(L)	210,630		3,852,423
NPS Pharmaceuticals, Inc. (I)(L)	236,590		2,410,852
Onyx Pharmaceuticals, Inc. (I)(L)	31,910		2,835,523
Rigel Pharmaceuticals, Inc. (I)	176,300		1,197,077
Seattle Genetics, Inc. (I)(L)	104,600		3,714,346

			28,345,070
Health Care Equipment & Supplies - 1.3%
HeartWare International, Inc. (I)(L)	27,865		2,464,102
Insulet Corp. (I)(L)	119,600		3,092,856

			5,556,958
Health Care Providers & Services - 2.2%
Air Methods Corp. (L)	73,510		3,546,122
Team Health Holdings, Inc. (I)	71,210		2,590,620
WellCare Health Plans, Inc. (I)	53,230		3,085,211

			9,221,953
Life Sciences Tools & Services - 1.1%
Covance, Inc. (I)	61,730		4,587,774
Pharmaceuticals - 1.7%
Salix Pharmaceuticals, Ltd. (I)	62,890		3,218,710
The Medicines Company (I)(L)	124,200		4,150,764

			7,369,474

			55,081,229

256

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Industrials - 18.6%
Aerospace & Defense - 3.6%
DigitalGlobe, Inc. (I)	260,133	$	7,520,445
Moog, Inc., Class A (I)	85,622		3,924,056
Teledyne Technologies, Inc. (I)	48,223		3,782,612

			15,227,113
Airlines - 1.7%
Spirit Airlines, Inc. (I)	291,860		7,401,570
Building Products - 1.5%
Apogee Enterprises, Inc.	71,394		2,066,856
Armstrong World Industries, Inc. (I)	44,878		2,508,231
Owens Corning, Inc. (I)	51,020		2,011,719

			6,586,806
Commercial Services & Supplies - 0.6%
Performant Financial Corp. (I)	217,000		2,664,760
Electrical Equipment - 1.9%
Acuity Brands, Inc.	42,980		2,980,663
Polypore International, Inc. (I)(L)	124,030		4,983,525

			7,964,188
Machinery - 1.7%
Altra Holdings, Inc.	34,900		949,978
Briggs & Stratton Corp. (L)	155,870		3,865,576
Middleby Corp. (I)(L)	14,550		2,213,783

			7,029,337
Professional Services - 2.5%
On Assignment, Inc. (I)	122,160		3,091,870
TrueBlue, Inc. (I)	102,094		2,158,267
WageWorks, Inc. (I)	215,720		5,399,472

			10,649,609
Road & Rail - 2.9%
Avis Budget Group, Inc. (I)(L)	130,290		3,625,971
Landstar System, Inc.	70,360		4,016,852
Old Dominion Freight Line, Inc. (I)	125,885		4,808,807

			12,451,630
Trading Companies & Distributors - 2.2%
Applied Industrial Technologies, Inc.	70,400		3,168,000
DXP Enterprises, Inc. (I)	21,294		1,590,662
WESCO International, Inc. (I)(L)	65,013		4,720,594

			9,479,256

			79,454,269
Information Technology - 26.0%
Communications Equipment - 3.2%
Aruba Networks, Inc. (I)(L)	103,080		2,550,199
Ixia (I)(L)	169,970		3,678,151
JDS Uniphase Corp. (I)	325,170		4,347,523
Palo Alto Networks, Inc. (I)(L)	53,070		3,003,762

			13,579,635
Electronic Equipment, Instruments & Components - 1.3%
Coherent, Inc.	8,560		485,694
IPG Photonics Corp. (L)	25,200		1,673,532
Rogers Corp. (I)	72,840		3,468,641

			5,627,867
Internet Software & Services - 5.6%
Cornerstone OnDemand, Inc. (I)	65,190		2,222,979
CoStar Group, Inc. (I)(L)	23,386		2,559,832
Dealertrack Technologies, Inc. (I)(L)	128,830		3,785,025
IAC/InterActiveCorp	82,590		3,690,121


Small Cap Growth Trust (continued)
		Shares or
		Principal
		Amount		Value


COMMON STOCKS (continued)
Internet Software & Services (continued)
LivePerson, Inc. (I)		203,266	$	2,760,352
Trulia, Inc. (I)(L)		129,900		4,076,262
Web.com Group, Inc. (I)(L)		291,450		4,977,966

				24,072,537
IT Services - 2.6%
Heartland Payment Systems, Inc. (L)		82,950		2,734,862
Virtusa Corp. (I)		55,300		1,313,928
WEX, Inc. (I)(L)		48,230		3,786,055
WNS Holdings, Ltd., ADR (I)		209,600		3,089,504

				10,924,349
Semiconductors & Semiconductor Equipment - 1.5%
Lattice Semiconductor Corp. (I)		654,823		3,568,785
Ultratech, Inc. (I)		75,040		2,966,331

				6,535,116
Software - 11.8%
Cadence Design Systems, Inc. (I)(L)		368,030		5,126,658
Concur Technologies, Inc. (I)(L)		64,660		4,439,556
Fair Isaac Corp.		106,590		4,870,097
FleetMatics Group PLC (I)		151,920		3,684,060
Imperva, Inc. (I)(L)		136,164		5,242,314
MICROS Systems, Inc. (I)(L)		92,540		4,211,495
PTC, Inc. (I)		123,391		3,145,237
ServiceNow, Inc. (I)(L)		129,460		4,686,452
Solera Holdings, Inc.		88,810		5,180,287
Splunk, Inc. (I)		81,830		3,275,655
TIBCO Software, Inc. (I)		106,720		2,157,878
Verint Systems, Inc. (I)		124,500		4,550,475

				50,570,164

				111,309,668
Materials - 5.7%
Chemicals - 1.4%
Methanex Corp.		143,220		5,819,029
Construction Materials - 1.1%
Headwaters, Inc. (I)		431,600		4,704,440
Containers & Packaging - 0.8%
Packaging Corp. of America		78,030		3,501,206
Paper & Forest Products - 2.4%
KapStone Paper and Packaging Corp.		219,920		6,113,776
Louisiana-Pacific Corp. (I)		190,880		4,123,008

				10,236,784

				24,261,459

TOTAL COMMON STOCKS (Cost $343,367,444)			$	415,219,461


INVESTMENT COMPANIES - 1.2%
Financials - 1.2%
iShares Russell 2000 Growth Index Fund (L)		47,900		5,161,225

TOTAL INVESTMENT COMPANIES (Cost $4,956,731)			$	5,161,225


SECURITIES LENDING COLLATERAL - 28.1%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)	12,011,250			120,216,997

TOTAL SECURITIES LENDING
COLLATERAL (Cost $120,209,735)			$	120,216,997

257

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Growth Trust (continued)
		Shares or
		Principal
		Amount		Value


SHORT-TERM INVESTMENTS - 0.1%
Repurchase Agreement - 0.1%
Deutsche Bank Tri-Party Repurchase
Agreement dated 03/28/2013 at 0.250% to
be repurchased at $600,017 on 04/01/2013,
collateralized by $585,998 Government
National Mortgage Association, 2.290% due
02/15/2048 (valued at $612,000
including interest)	$	600,000	$	600,000

TOTAL SHORT-TERM INVESTMENTS (Cost $600,000)			$	600,000

Total Investments (Small Cap Growth Trust)
(Cost $469,133,910) - 126.5%			$	541,197,683
Other assets and liabilities, net - (26.5%)				(113,383,508)

TOTAL NET ASSETS - 100.0%			$	427,814,175


Small Cap Index Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 94.2%
Consumer Discretionary - 13.1%
Auto Components - 0.9%
American Axle &
Manufacturing Holdings, Inc. (I)	17,411	$	237,660
Cooper Tire & Rubber Company	16,037		411,509
Dana Holding Corp.	38,173		680,625
Dorman Products, Inc. (L)	6,328		235,465
Drew Industries, Inc.	4,909		178,246
Exide Technologies (I)	21,709		58,614
Federal-Mogul Corp. (I)	4,917		29,650
Fuel Systems Solutions, Inc. (I)	3,895		64,151
Gentherm, Inc. (I)	8,001		131,056
Modine Manufacturing Company (I)	12,182		110,856
Spartan Motors, Inc. (L)	9,318		49,479
Standard Motor Products, Inc.	5,185		143,728
Stoneridge, Inc. (I)	8,090		61,727
Superior Industries International, Inc. (L)	5,903		110,268
Tenneco, Inc. (I)	15,699		617,128

			3,120,162
Automobiles - 0.0%
Winnebago Industries, Inc. (I)(L)	7,607		157,008
Commercial Services & Supplies - 0.0%
Actrade Financial Technologies, Ltd. (I)	340		0
Distributors - 0.2%
Core-Mark Holding Company, Inc.	3,000		153,930
Pool Corp.	12,248		587,904
VOXX International Corp. (I)	5,132		54,964
Weyco Group, Inc.	1,757		43,064

			839,862
Diversified Consumer Services - 1.1%
American Public Education, Inc. (I)(L)	4,682		163,355
Ascent Capital Group, Inc., Class A (I)	3,716		276,619
Bridgepoint Education, Inc. (I)(L)	4,836		49,472
Capella Education Company (I)	3,338		103,945
Career Education Corp. (I)(L)	13,492		31,976
Carriage Services, Inc.	4,388		93,245
Coinstar, Inc. (I)(L)	8,066		471,216
Corinthian Colleges, Inc. (I)(L)	20,956		44,008


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Diversified Consumer Services (continued)
Education Management Corp. (I)(L)	7,744	$	28,420
Grand Canyon Education, Inc. (I)	10,362		263,091
Hillenbrand, Inc.	14,269		360,720
K12, Inc. (I)(L)	6,986		168,432
Lifelock, Inc. (I)	4,811		46,330
Lincoln Educational Services Corp.	6,972		40,856
Mac-Gray Corp.	3,347		42,842
Matthews International Corp., Class A (L)	7,377		257,384
Regis Corp. (L)	14,820		269,576
Sotheby’s	17,454		652,954
Steiner Leisure, Ltd. (I)	3,936		190,345
Stewart Enterprises, Inc., Class A (L)	19,517		181,313
Strayer Education, Inc. (L)	3,112		150,559
Universal Technical Institute, Inc.	5,836		73,709

			3,960,367
Hotels, Restaurants & Leisure - 3.0%
AFC Enterprises, Inc. (I)	6,430		233,602
Ameristar Casinos, Inc.	8,669		227,388
Biglari Holdings, Inc. (I)	321		119,794
BJ’s Restaurants, Inc. (I)(L)	6,447		214,556
Bloomin’ Brands, Inc. (I)	4,862		86,884
Bluegreen Corp. (I)	4,036		39,714
Bob Evans Farms, Inc.	7,638		325,532
Boyd Gaming Corp. (I)(L)	14,808		122,462
Bravo Brio Restaurant Group, Inc. (I)	5,525		87,461
Buffalo Wild Wings, Inc. (I)(L)	4,796		419,794
Caesars Entertainment Corp. (I)(L)	10,063		159,599
CEC Entertainment, Inc.	4,900		160,475
Churchill Downs, Inc.	3,394		237,716
Chuy’s Holdings, Inc. (I)	1,898		61,837
Cracker Barrel Old Country Store, Inc.	4,987		403,199
Denny’s Corp. (I)	25,938		149,662
DineEquity, Inc.	3,994		274,747
Domino’s Pizza, Inc.	14,948		768,896
Fiesta Restaurant Group, Inc. (I)	4,449		118,210
International Speedway Corp., Class A (L)	7,073		231,146
Interval Leisure Group, Inc.	10,266		223,183
Isle of Capri Casinos, Inc. (I)	6,847		43,068
Jack in the Box, Inc. (I)(L)	11,488		397,370
Jamba, Inc. (I)	22,098		62,979
Krispy Kreme Doughnuts, Inc. (I)	15,553		224,585
Life Time Fitness, Inc. (I)(L)	11,017		471,307
Luby’s, Inc. (I)	5,439		40,684
Marcus Corp.	5,375		67,134
Marriott Vacations Worldwide Corp. (I)	6,811		292,260
Morgans Hotel Group Company (I)	6,826		40,410
Multimedia Games Holding Company, Inc. (I)	7,322		152,810
Nathan’s Famous, Inc. (I)	908		38,363
Orient-Express Hotels, Ltd., Class A (I)	25,087		247,358
Papa John’s International, Inc. (I)	4,682		289,441
Pinnacle Entertainment, Inc. (I)	15,416		225,382
Red Lion Hotels Corp. (I)	4,392		31,227
Red Robin Gourmet Burgers, Inc. (I)	3,908		178,205
Ruby Tuesday, Inc. (I)	17,009		125,356
Ruth’s Hospitality Group, Inc. (I)(L)	9,751		93,025
Scientific Games Corp., Class A (I)	14,032		122,780
SHFL Entertainment, Inc. (I)	14,466		239,702
Six Flags Entertainment Corp.	10,188		738,426
Sonic Corp. (I)(L)	15,085		194,295
Speedway Motorsports, Inc.	3,115		56,039
Texas Roadhouse, Inc.	16,435		331,823
The Cheesecake Factory, Inc. (L)	13,964		539,150
Town Sports International Holdings, Inc.	6,632		62,739

258

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Hotels, Restaurants & Leisure (continued)
Vail Resorts, Inc. (L)	9,261	$	577,146
WMS Industries, Inc. (I)	14,298		360,453

			10,909,374
Household Durables - 1.1%
American Greetings Corp., Class A (L)	8,314		133,855
Bassett Furniture Industries, Inc.	3,281		52,365
Beazer Homes USA, Inc. (I)(L)	6,502		102,992
Blyth, Inc. (L)	2,860		49,650
Cavco Industries, Inc. (I)	1,855		88,242
CSS Industries, Inc.	2,732		70,950
Ethan Allen Interiors, Inc. (L)	6,270		206,408
Flexsteel Industries, Inc.	1,404		34,735
Helen of Troy, Ltd. (I)	8,098		310,639
Hooker Furniture Corp. (L)	2,915		46,465
Hovnanian Enterprises, Inc., Class A (I)(L)	27,464		158,467
iRobot Corp. (I)(L)	7,234		185,624
KB Home	20,000		435,400
La-Z-Boy, Inc.	13,450		253,802
Libbey, Inc. (I)	5,495		106,218
Lifetime Brands, Inc.	2,759		31,480
M/I Homes, Inc. (I)(L)	5,573		136,260
MDC Holdings, Inc.	9,829		360,233
Meritage Homes Corp. (I)	7,902		370,288
NACCO Industries, Inc., Class A	1,419		75,718
Skullcandy, Inc. (I)	4,811		25,402
Standard Pacific Corp. (I)	30,086		259,943
The Ryland Group, Inc. (L)	11,513		479,171
Universal Electronics, Inc. (I)	3,921		91,163
Zagg, Inc. (I)(L)	7,092		51,630

			4,117,100
Internet & Catalog Retail - 0.4%
1-800-Flowers.com, Inc., Class A (I)	7,697		38,254
Blue Nile, Inc. (I)(L)	3,230		111,274
HSN, Inc.	9,152		502,079
Kayak Software Corp. (I)	966		38,601
Nutrisystem, Inc. (L)	7,789		66,051
Overstock.com, Inc. (I)(L)	3,170		39,054
PetMed Express, Inc.	5,448		73,085
Shutterfly, Inc. (I)(L)	9,272		409,544
Vitacost.com, Inc. (I)(L)	6,281		45,412

			1,323,354
Leisure Equipment & Products - 0.5%
Arctic Cat, Inc. (I)	3,317		144,953
Black Diamond, Inc. (I)	6,155		56,072
Brunswick Corp. (L)	23,080		789,798
Callaway Golf Company	17,314		114,619
JAKKS Pacific, Inc. (L)	6,181		64,839
Johnson Outdoors, Inc., Class A (I)	1,814		43,246
LeapFrog Enterprises, Inc. (I)(L)	13,292		113,780
Smith & Wesson Holding Corp. (I)(L)	16,936		152,424
Steinway Musical Instruments, Inc. (I)	2,013		48,352
Sturm Ruger & Company, Inc. (L)	4,963		251,773

			1,779,856
Media - 1.3%
Arbitron, Inc.	6,860		321,528
Belo Corp., Class A	24,725		243,047
Carmike Cinemas, Inc. (I)	4,746		85,998
Central European Media
Enterprises, Ltd., Class A (I)(L)	9,886		41,719
Cumulus Media, Inc., Class A (I)(L)	17,328		58,395
Digital Generation, Inc. (I)(L)	7,426		47,749


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Media (continued)
Entercom
Communications Corp., Class A (I)(L)	7,201	$	53,575
Fisher Communications, Inc.	2,494		97,865
Global Sources, Ltd. (I)	5,169		39,078
Harte-Hanks, Inc.	12,123		94,438
Journal Communications, Inc., Class A (I)	11,512		77,361
LIN TV Corp., Class A (I)	8,270		90,887
Lions Gate Entertainment Corp. (I)	21,591		513,218
Live Nation Entertainment, Inc. (I)(L)	36,232		448,190
MDC Partners, Inc., Class A (L)	7,029		113,659
Meredith Corp. (L)	9,323		356,698
National CineMedia, Inc.	14,814		233,765
Nexstar Broadcasting Group, Inc., Class A	3,192		57,456
Outdoor Channel Holdings, Inc.	4,655		41,523
ReachLocal, Inc. (I)(L)	2,883		43,130
Reading International, Inc., Class A (I)	5,113		28,633
Rentrak Corp. (I)	2,624		57,676
Saga Communications, Inc., Class A	1,314		60,786
Scholastic Corp. (L)	6,768		180,367
Shutterstock, Inc. (I)(L)	1,483		66,705
Sinclair Broadcast Group, Inc., Class A	13,359		270,386
The EW Scripps Company, Class A (I)	8,240		99,127
The McClatchy Company, Class A (I)(L)	15,786		45,779
The New York Times Company, Class A (I)	35,549		348,380
Valassis Communications, Inc. (L)	10,355		309,304
World Wrestling
Entertainment, Inc., Class A (L)	7,429		65,524

			4,591,946
Multiline Retail - 0.2%
Fred’s, Inc., Class A (L)	9,478		129,659
Gordmans Stores, Inc. (I)	2,613		30,598
Saks, Inc. (I)(L)	28,398		325,725
The Bon-Ton Stores, Inc. (L)	3,408		44,304
Tuesday Morning Corp. (I)	10,846		84,165

			614,451
Specialty Retail - 3.2%
Aeropostale, Inc. (I)(L)	21,055		286,348
America’s Car-Mart, Inc. (I)	2,087		97,546
ANN, Inc. (I)	12,560		364,491
Asbury Automotive Group, Inc. (I)	7,165		262,884
Barnes & Noble, Inc. (I)(L)	7,392		121,598
bebe stores, Inc.	10,606		44,227
Big 5 Sporting Goods Corp.	4,516		70,495
Body Central Corp. (I)	4,592		43,165
Brown Shoe Company, Inc. (L)	10,971		175,536
Cabela’s, Inc. (I)(L)	12,055		732,703
Citi Trends, Inc. (I)	4,121		42,158
Conn’s, Inc. (I)(L)	4,369		156,847
Destination Maternity Corp.	3,522		82,415
Destination XL Group, Inc. (I)	11,991		61,034
Express, Inc. (I)	23,176		412,765
Five Below, Inc. (I)(L)	2,870		108,744
Francesca’s Holdings Corp. (I)(L)	9,027		258,714
Genesco, Inc. (I)	6,285		377,666
Group 1 Automotive, Inc. (L)	5,859		351,950
Haverty Furniture Companies, Inc.	5,033		103,478
hhgregg, Inc. (I)	4,185		46,244
Hibbett Sports, Inc. (I)(L)	6,756		380,160
Hot Topic, Inc. (L)	10,865		150,806
Jos A. Bank Clothiers, Inc. (I)(L)	7,130		284,487
Kirkland’s, Inc. (I)	3,900		44,694
Lithia Motors, Inc., Class A	5,537		262,897

259

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Specialty Retail (continued)
Lumber Liquidators Holdings, Inc. (I)	7,071	$	496,526
MarineMax, Inc. (I)	5,499		74,731
Mattress Firm Holding Corp. (I)	2,849		98,404
Monro Muffler Brake, Inc. (L)	7,900		313,709
New York & Company, Inc. (I)	7,774		31,796
Office Depot, Inc. (I)	73,613		289,299
OfficeMax, Inc.	22,342		259,391
Penske Automotive Group, Inc.	10,960		365,626
Pier 1 Imports, Inc. (L)	25,101		577,323
RadioShack Corp. (L)	26,872		90,290
Rent-A-Center, Inc. (L)	15,225		562,412
Restoration Hardware Holdings, Inc. (I)(L)	1,421		49,735
rue21, Inc. (I)(L)	3,992		117,325
Select Comfort Corp. (I)	14,687		290,362
Shoe Carnival, Inc.	3,764		76,936
Sonic Automotive, Inc., Class A	11,083		245,599
Stage Stores, Inc.	7,827		202,563
Stein Mart, Inc.	7,586		63,571
Systemax, Inc.	3,261		32,284
The Buckle, Inc. (L)	7,067		329,676
The Cato Corp., Class A	6,938		167,483
The Children’s Place Retail Stores, Inc. (I)(L)	6,251		280,170
The Finish Line, Inc., Class A (L)	13,134		257,295
The Men’s Wearhouse, Inc. (L)	13,044		435,930
The Pep Boys - Manny, Moe & Jack (I)(L)	13,659		161,040
The Wet Seal, Inc., Class A (I)	24,793		74,875
Tilly’s, Inc., Class A (I)	2,705		34,408
Vitamin Shoppe, Inc. (I)(L)	7,516		367,157
West Marine, Inc. (I)	4,400		50,292
Winmark Corp. (L)	651		41,006
Zumiez, Inc. (I)	5,761		131,927

			11,893,193
Textiles, Apparel & Luxury Goods - 1.2%
Cherokee, Inc.	2,663		36,483
Columbia Sportswear Company (L)	3,120		180,586
Crocs, Inc. (I)	23,324		345,662
Culp, Inc.	2,433		38,709
Delta Apparel, Inc. (I)	2,201		36,250
Fifth & Pacific Companies, Inc. (I)	28,144		531,359
G-III Apparel Group, Ltd. (I)(L)	4,316		173,115
Iconix Brand Group, Inc. (I)(L)	18,162		469,851
K-Swiss, Inc., Class A (I)	4,272		20,249
Maidenform Brands, Inc. (I)	5,993		105,057
Movado Group, Inc.	4,609		154,494
Oxford Industries, Inc. (L)	3,642		193,390
Perry Ellis International, Inc. (L)	3,204		58,281
Quiksilver, Inc. (I)	34,078		206,853
RG Barry Corp.	2,755		36,889
Skechers U.S.A., Inc., Class A (I)	9,782		206,889
Steven Madden, Ltd. (I)	10,060		433,988
The Jones Group, Inc. (L)	21,301		270,949
True Religion Apparel, Inc.	6,769		176,739
Tumi Holdings, Inc. (I)(L)	5,625		117,788
Unifi, Inc. (I)	3,423		65,379
Vera Bradley, Inc. (I)(L)	5,261		124,317
Wolverine World Wide, Inc. (L)	12,418		550,987

			4,534,264

			47,840,937
Consumer Staples - 3.4%
Beverages - 0.2%
Central European Distribution Corp. (I)(L)	19,465		6,521


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Beverages (continued)
Coca-Cola Bottling Company Consolidated	1,248	$	75,279
National Beverage Corp.	3,100		43,555
The Boston Beer Company, Inc., Class A (I)	2,021		322,632

			447,987
Food & Staples Retailing - 1.0%
Casey’s General Stores, Inc.	9,789		570,699
Harris Teeter Supermarkets, Inc.	11,262		481,000
Ingles Markets, Inc., Class A	3,943		84,696
Nash Finch Company	3,481		68,158
Natural Grocers by
Vitamin Cottage, Inc. (I)(L)	2,026		45,686
Pricesmart, Inc. (L)	4,678		364,089
Rite Aid Corp. (I)	172,669		328,071
Roundy’s, Inc.	2,746		18,041
Spartan Stores, Inc.	5,948		104,387
SUPERVALU, Inc. (L)	55,660		280,526
Susser Holdings Corp. (I)(L)	2,914		148,935
The Andersons, Inc.	4,830		258,502
The Chefs’ Warehouse, Inc. (I)	3,220		59,473
The Pantry, Inc. (I)	6,398		79,783
United Natural Foods, Inc. (I)	12,525		616,230
Village Super Market, Inc., Class A	2,368		79,778
Weis Markets, Inc. (L)	2,881		117,257

			3,705,311
Food Products - 1.5%
Alico, Inc. (L)	1,049		48,516
Annie’s, Inc. (I)	1,302		49,815
B&G Foods, Inc. (L)	13,601		414,694
Boulder Brands, Inc. (I)(L)	15,410		138,382
Cal-Maine Foods, Inc.	3,794		161,473
Calavo Growers, Inc.	3,264		93,938
Chiquita Brands International, Inc. (I)	12,215		94,788
Darling International, Inc. (I)	30,509		547,942
Diamond Foods, Inc. (I)(L)	5,983		100,873
Dole Food Company, Inc. (I)(L)	9,393		102,384
Farmer Brothers Company (I)	2,089		30,708
Fresh Del Monte Produce, Inc.	9,651		260,384
J&J Snack Foods Corp.	3,848		295,873
John B. Sanfilippo & Son, Inc.	2,200		43,956
Lancaster Colony Corp.	4,685		360,745
Limoneira Company (L)	2,062		39,838
Omega Protein Corp. (I)	5,561		59,781
Pilgrim’s Pride Corp. (I)(L)	15,863		145,781
Post Holdings, Inc. (I)	6,749		289,735
Sanderson Farms, Inc.	5,961		325,590
Seaboard Corp.	75		209,999
Seneca Foods Corp., Class A (I)	2,286		75,484
Snyders-Lance, Inc.	11,516		290,894
The Hain Celestial Group, Inc. (I)(L)	9,467		578,244
Tootsie Roll Industries, Inc. (L)	6,354		190,050
TreeHouse Foods, Inc. (I)	9,255		602,963

			5,552,830
Household Products - 0.2%
Central Garden & Pet Company, Class A (I)	10,138		83,334
Harbinger Group, Inc. (I)	10,961		90,538
Oil-Dri Corp. of America	1,415		38,530
Orchids Paper Products Company	1,664		38,821
Spectrum Brands Holdings, Inc.	5,871		332,240
WD-40 Company	4,071		222,969

			806,432

260

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Personal Products - 0.3%
Elizabeth Arden, Inc. (I)	6,496	$	261,464
Inter Parfums, Inc.	4,339		106,002
Medifast, Inc. (I)	3,629		83,177
Nature’s Sunshine Products, Inc. (L)	3,332		50,780
Nutraceutical International Corp.	2,830		49,101
Prestige Brands Holdings, Inc. (I)	13,121		337,078
Revlon, Inc., Class A (I)	3,049		68,176
Star Scientific, Inc. (I)(L)	38,935		64,632
The Female Health Company (L)	5,790		41,920
USANA Health Sciences, Inc. (I)(L)	1,600		77,328

			1,139,658
Tobacco - 0.2%
Alliance One International, Inc. (I)(L)	23,929		93,084
Universal Corp. (L)	5,953		333,606
Vector Group, Ltd. (L)	14,470		233,256

			659,946

			12,312,164
Energy - 5.7%
Energy Equipment & Services - 2.0%
Basic Energy Services, Inc. (I)(L)	8,321		113,748
Bolt Technology Corp.	2,699		47,125
Bristow Group, Inc.	9,162		604,142
C&J Energy Services, Inc. (I)(L)	11,524		263,900
Cal Dive International, Inc. (I)(L)	27,183		48,929
Dawson Geophysical Company (I)	2,282		68,460
Dril-Quip, Inc. (I)	10,248		893,318
Exterran Holdings, Inc. (I)	16,708		451,116
Forum Energy Technologies, Inc. (I)(L)	5,735		164,939
Geospace Technologies Corp. (I)	3,301		356,244
Gulf Island Fabrication, Inc.	3,920		82,555
Gulfmark Offshore, Inc., Class A	7,003		272,837
Heckmann Corp. (I)(L)	37,066		159,013
Helix Energy Solutions Group, Inc. (I)	27,154		621,284
Hercules Offshore, Inc. (I)	41,203		305,726
Hornbeck Offshore Services, Inc. (I)(L)	9,100		422,786
ION Geophysical Corp. (I)(L)	34,419		234,393
Key Energy Services, Inc. (I)	39,442		318,691
Lufkin Industries, Inc. (L)	8,702		577,726
Matrix Service Company (I)	7,018		104,568
Mitcham Industries, Inc. (I)(L)	3,583		60,624
Natural Gas Services Group, Inc. (I)	3,469		66,813
Newpark Resources, Inc. (I)(L)	23,525		218,312
Parker Drilling Company (I)	30,581		130,887
PHI, Inc. (I)	3,457		118,264
Pioneer Energy Services Corp. (I)	16,502		136,142
RigNet, Inc. (I)	3,364		83,898
Tesco Corp. (I)	8,085		108,258
TETRA Technologies, Inc. (I)	20,454		209,858
TGC Industries, Inc.	4,356		43,124
Vantage Drilling Company (I)(L)	51,131		89,479
Willbros Group, Inc. (I)	10,843		106,478

			7,483,637
Oil, Gas & Consumable Fuels - 3.7%
Abraxas Petroleum Corp. (I)	23,503		54,292
Alon USA Energy, Inc.	2,673		50,921
Amyris, Inc. (I)(L)	8,971		27,631
Apco Oil and Gas International, Inc.	2,778		34,447
Approach Resources, Inc. (I)(L)	8,576		211,055
Arch Coal, Inc. (L)	55,287		300,208
Berry Petroleum Company, Class A	13,566		627,970
Bill Barrett Corp. (I)(L)	12,540		254,186


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels (continued)
Bonanza Creek Energy, Inc. (I)	2,574	$	99,537
BPZ Resources, Inc. (I)	28,411		64,493
Callon Petroleum Company (I)	10,977		40,615
Carrizo Oil & Gas, Inc. (I)(L)	10,354		266,823
Clayton Williams Energy, Inc. (I)(L)	1,631		71,324
Clean Energy Fuels Corp. (I)(L)	17,330		225,290
Cloud Peak Energy, Inc. (I)(L)	15,777		296,292
Comstock Resources, Inc. (I)	12,556		204,035
Contango Oil & Gas Company (L)	3,344		134,061
Crosstex Energy, Inc.	10,854		209,048
CVR Energy, Inc.	4,292		221,553
Delek US Holdings, Inc.	4,461		176,031
Diamondback Energy, Inc. (I)	3,776		101,348
Endeavour International Corp. (I)(L)	12,617		37,220
Energy XXI Bermuda, Ltd. (L)	20,373		554,553
EPL Oil & Gas, Inc. (I)	7,196		192,925
Evolution Petroleum Corp. (I)	5,010		50,852
Forest Oil Corp. (I)	30,933		162,708
Frontline, Ltd. (I)(L)	14,076		32,938
FX Energy, Inc. (I)	14,708		49,419
GasLog, Ltd.	6,391		82,188
Gevo, Inc. (I)(L)	5,699		12,766
Goodrich Petroleum Corp. (I)(L)	7,126		111,522
Green Plains Renewable Energy, Inc. (I)(L)	7,002		80,103
Gulfport Energy Corp. (I)	16,817		770,723
Halcon Resources Corp. (I)	29,033		226,167
Harvest Natural Resources, Inc. (I)(L)	10,510		36,890
Isramco, Inc. (I)	290		28,751
KiOR, Inc., Class A (I)(L)	7,508		34,912
Knightsbridge Tankers, Ltd. (L)	7,083		58,081
Kodiak Oil & Gas Corp. (I)	68,218		620,102
Magnum Hunter Resources Corp. (I)	38,675		155,087
Matador Resources Company (I)(L)	3,982		35,281
McMoRan Exploration Company (I)	26,134		427,291
Midstates Petroleum Company, Inc. (I)	6,696		57,251
Miller Energy Resources, Inc. (I)(L)	9,009		33,423
Nordic American Tankers, Ltd. (L)	13,806		159,459
Northern Oil and Gas, Inc. (I)(L)	16,537		237,802
Oasis Petroleum, Inc. (I)(L)	20,633		785,498
Panhandle Oil and Gas, Inc., Class A (L)	1,881		53,891
PDC Energy, Inc. (I)(L)	7,779		385,605
Penn Virginia Corp. (L)	14,839		59,950
Petroquest Energy, Inc. (I)	15,188		67,435
Quicksilver Resources, Inc. (I)(L)	31,102		69,980
Resolute Energy Corp. (I)	12,902		148,502
REX American Resources Corp. (I)	1,605		35,503
Rex Energy Corp. (I)	11,351		187,064
Rosetta Resources, Inc. (I)	13,612		647,659
Sanchez Energy Corp. (I)(L)	3,113		62,011
Scorpio Tankers, Inc. (I)	14,884		132,765
SemGroup Corp., Class A (I)	10,845		560,903
Ship Finance International, Ltd.	12,411		218,930
Solazyme, Inc. (I)(L)	9,146		71,430
Stone Energy Corp. (I)(L)	12,898		280,532
Swift Energy Company (I)(L)	11,279		167,042
Synergy Resources Corp. (I)	10,643		73,011
Targa Resources Corp.	7,391		502,292
Teekay Tankers, Ltd., Class A (L)	17,379		49,530
Triangle Petroleum Corp. (I)(L)	11,993		79,154
Uranerz Energy Corp. (I)(L)	10,145		12,884
Uranium Energy Corp. (I)(L)	23,884		52,545
Vaalco Energy, Inc. (I)(L)	15,063		114,328
W&T Offshore, Inc. (L)	9,102		129,248

261

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (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)
Warren Resources, Inc. (I)	20,657	$	66,309
Western Refining, Inc.	14,827		525,024
Westmoreland Coal Company (I)	3,421		38,863

			13,497,462

			20,981,099
Financials - 21.6%
Capital Markets - 2.3%
Apollo Investment Corp.	52,046		435,105
Arlington Asset Investment Corp., Class A (L)	2,912		75,159
BGC Partners, Inc., Class A	26,418		109,899
BlackRock Kelso Capital Corp.	18,963		189,630
Calamos Asset Management, Inc., Class A	5,569		65,547
Capital Southwest Corp.	794		91,310
Cohen & Steers, Inc. (L)	4,734		170,755
Cowen Group, Inc., Class A (I)	24,670		69,569
Diamond Hill Investment Group, Inc.	779		60,614
Duff & Phelps Corp., Class A	8,266		128,206
Evercore Partners, Inc., Class A	7,306		303,930
FBR & Company (I)	2,738		51,830
Fidus Investment Corp.	3,328		63,731
Fifth Street Finance Corp.	27,110		298,752
Financial Engines, Inc. (L)	12,001		434,676
FXCM, Inc., Class A (L)	6,072		83,065
GAMCO Investors, Inc., Class A (L)	1,667		88,534
GFI Group, Inc.	19,170		64,028
Gladstone Capital Corp. (L)	6,229		57,307
Gladstone Investment Corp.	7,670		56,068
Golub Capital BDC, Inc.	4,310		71,158
Greenhill & Company, Inc. (L)	7,464		398,428
GSV Capital Corp. (I)(L)	5,449		45,009
Harris & Harris Group, Inc. (I)	9,744		35,078
Hercules Technology Growth Capital, Inc.	13,587		166,441
HFF, Inc., Class A	8,644		172,275
Horizon Technology Finance Corp.	2,281		33,325
ICG Group, Inc. (I)	9,919		123,789
INTL. FCStone, Inc. (I)(L)	3,793		66,036
Investment Technology Group, Inc. (I)	10,245		113,105
JMP Group, Inc.	4,502		31,109
KCAP Financial, Inc. (L)	6,185		66,612
Knight Capital Group, Inc., Class A (I)	47,022		174,922
Ladenburg Thalmann
Financial Services, Inc. (I)(L)	27,478		45,613
Main Street Capital Corp.	7,805		250,462
Manning & Napier, Inc.	3,878		64,142
MCG Capital Corp.	19,917		95,203
Medallion Financial Corp.	5,479		72,432
Medley Capital Corp. (L)	7,079		112,202
MVC Capital, Inc.	6,440		82,625
New Mountain Finance Corp.	4,533		66,272
NGP Capital Resources Company	6,514		46,315
OFS Capital Corp.	1,923		26,922
Oppenheimer Holdings, Inc., Class A	3,046		59,306
PennantPark Investment Corp.	16,980		191,704
Piper Jaffray Companies (I)(L)	3,868		132,672
Prospect Capital Corp.	48,717		531,502
Safeguard Scientifics, Inc. (I)(L)	5,654		89,333
Solar Capital, Ltd.	9,879		232,058
Solar Senior Capital, Ltd.	2,790		53,568
Stellus Capital Investment Corp. (L)	2,355		34,901
Stifel Financial Corp. (I)(L)	15,681		543,660
SWS Group, Inc. (I)	8,322		50,348
THL Credit, Inc.	3,895		58,347


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Capital Markets (continued)
TICC Capital Corp.	10,854	$	107,889
Triangle Capital Corp.	6,885		192,711
Virtus Investment Partners, Inc. (I)	1,540		286,871
Walter Investment Management Corp. (I)	9,242		344,265
Westwood Holdings Group, Inc.	1,787		79,396
WisdomTree Investments, Inc. (I)	15,469		160,878

			8,406,599
Commercial Banks - 6.1%
1st Source Corp.	3,843		91,079
1st United Bancorp, Inc.	8,478		54,768
Access National Corp.	2,492		40,869
American National Bankshares, Inc.	2,280		49,157
Ameris Bancorp (I)(L)	6,662		95,600
Ames National Corp.	2,332		48,646
Arrow Financial Corp. (L)	2,879		70,939
Bancfirst Corp.	1,681		70,098
Banco Latinoamericano de
Comercio Exterior SA	7,207		178,301
BancorpSouth, Inc. (L)	24,403		397,769
Bank of Marin Bancorp, Class A	1,653		66,269
Bank of the Ozarks, Inc. (L)	7,554		335,020
Banner Corp.	5,019		159,755
BBCN Bancorp, Inc.	20,594		268,958
Boston Private Financial Holdings, Inc. (L)	20,514		202,678
Bridge Bancorp, Inc.	2,181		46,913
Bridge Capital Holdings (I)	2,735		41,681
Bryn Mawr Bank Corp.	3,332		77,569
BSB Bancorp, Inc. (I)	2,396		33,089
C&F Financial Corp.	1,064		43,571
Camden National Corp.	2,124		70,262
Capital Bank Financial Corp., Class A (I)	2,575		44,187
Capital City Bank Group, Inc. (I)(L)	3,599		44,448
Cardinal Financial Corp.	7,745		140,804
Cathay General Bancorp	20,484		412,138
Centerstate Banks, Inc.	7,519		64,513
Central Pacific Financial Corp. (I)	5,833		91,578
Chemical Financial Corp.	6,898		181,969
Citizens & Northern Corp.	3,384		65,988
Citizens Republic Bancorp, Inc. (I)	10,393		234,362
City Holding Company (L)	3,851		153,231
CNB Financial Corp.	3,646		62,164
CoBiz Financial, Inc.	9,845		79,548
Columbia Banking System, Inc. (L)	10,374		228,021
Community Bank Systems, Inc. (L)	10,127		300,063
Community Trust Bancorp, Inc.	3,686		125,435
CVB Financial Corp.	23,156		260,968
Eagle Bancorp, Inc. (I)	4,866		106,517
Enterprise Financial Services Corp.	4,872		69,864
Fidelity Southern Corp. (I)	2,937		33,776
Financial Institutions, Inc.	3,772		75,289
First Bancorp North Carolina	4,380		59,086
First BanCorp Puerto Rico (I)	18,764		116,900
First Bancorp, Inc. Maine	2,683		48,321
First Busey Corp.	18,539		84,723
First California Financial Group, Inc. (I)	6,574		56,010
First Commonwealth Financial Corp. (L)	27,295		203,621
First Community Bancshares, Inc.	4,367		69,217
First Connecticut Bancorp, Inc.	5,164		76,066
First Financial Bancorp	15,581		250,075
First Financial Bankshares, Inc. (L)	8,131		395,167
First Financial Corp.	3,127		98,469
First Financial Holdings, Inc.	4,716		98,847
First Interstate Bancsystem, Inc.	4,668		87,805

262

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Banks (continued)
First Merchants Corp.	7,656	$	118,438
First Midwest Bancorp, Inc.	19,485		258,761
FirstMerit Corp. (L)	28,395		469,369
FNB Corp.	36,099		436,798
FNB United Corp. (I)(L)	3,366		32,852
German American Bancorp, Inc.	3,276		75,381
Glacier Bancorp, Inc. (L)	18,919		359,083
Great Southern Bancorp, Inc.	2,861		69,780
Hancock Holding Company	19,706		609,310
Hanmi Financial Corp. (I)	8,418		134,688
Heartland Financial USA, Inc.	3,694		93,347
Heritage Commerce Corp. (I)	6,006		40,420
Heritage Financial Corp.	4,339		62,916
Heritage Oaks Bancorp (I)	5,916		33,721
Home BancShares, Inc. (L)	5,810		218,863
Horizon Bancorp	2,227		45,008
Hudson Valley Holding Corp.	4,601		68,601
Iberiabank Corp.	7,636		381,953
Independent Bank Corp. - Massachusetts (L)	5,778		188,305
International Bancshares Corp.	13,976		290,701
Investors Bancorp, Inc.	11,387		213,848
Lakeland Bancorp, Inc.	7,303		71,935
Lakeland Financial Corp.	4,446		118,664
MainSource Financial Group, Inc.	5,559		78,048
MB Financial, Inc.	14,285		345,268
Mercantile Bank Corp.	2,662		44,482
Merchants Bancshares, Inc.	1,749		52,706
Metro Bancorp, Inc. (I)	4,244		70,196
MetroCorp Bancshares, Inc. (I)	4,339		43,781
Middleburg Financial Corp.	2,027		39,344
National Bank Holdings Corp.	2,069		37,863
National Bankshares, Inc. (L)	1,829		63,887
National Penn Bancshares, Inc.	32,129		343,459
NBT Bancorp, Inc. (L)	11,666		258,401
Northrim BanCorp, Inc.	2,101		47,209
Old National Bancorp	26,307		361,721
OmniAmerican Bancorp, Inc. (I)	3,186		80,542
Oriental Financial Group, Inc. (L)	11,895		184,491
Pacific Continental Corp.	5,245		58,587
PacWest Bancorp (L)	7,801		227,087
Park National Corp. (L)	2,976		207,695
Park Sterling Corp. (I)	11,135		62,801
Penns Woods Bancorp, Inc.	1,285		52,646
Peoples Bancorp, Inc.	2,719		60,878
Pinnacle Financial Partners, Inc. (I)(L)	9,034		211,034
Preferred Bank (I)	3,328		52,516
PrivateBancorp, Inc.	15,766		298,135
Prosperity Bancshares, Inc. (L)	12,027		569,960
Renasant Corp. (L)	6,346		142,023
Republic Bancorp, Inc., Class A (L)	2,872		65,022
S&T Bancorp, Inc.	7,680		142,387
Sandy Spring Bancorp, Inc.	6,125		123,113
SCBT Financial Corp.	4,305		216,972
Seacoast Banking Corp. of Florida (I)	24,683		51,587
Sierra Bancorp	3,853		50,667
Simmons First National Corp., Class A	4,313		109,205
Southside Bancshares, Inc. (L)	4,731		99,398
Southwest Bancorp, Inc. (I)	5,631		70,725
State Bank Financial Corp.	7,954		130,207
StellarOne Corp.	6,215		100,372
Sterling Bancorp	8,814		89,550
Sterling Financial Corp.	7,198		156,125
Suffolk Bancorp (I)	3,072		43,745


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Banks (continued)
Sun Bancorp, Inc. (I)(L)	11,900	$	40,579
Susquehanna Bancshares, Inc. (L)	48,601		604,110
SY Bancorp, Inc.	3,532		79,470
Taylor Capital Group, Inc. (I)(L)	4,407		70,468
Texas Capital Bancshares, Inc. (I)	10,334		418,010
The Bancorp, Inc. (I)	7,899		109,401
The First of Long Island Corp.	2,245		66,564
Tompkins Financial Corp.	2,886		122,020
TowneBank (L)	7,122		106,616
Trico Bancshares	4,378		74,864
Trustmark Corp. (L)	16,880		422,169
UMB Financial Corp. (L)	8,305		407,526
Umpqua Holdings Corp. (L)	29,327		388,876
Union First Market Bankshares Corp.	5,579		109,125
United Bankshares, Inc.	13,112		348,910
United Community Banks, Inc. (I)	11,157		126,520
Univest Corp. of Pennsylvania	4,246		73,965
Virginia Commerce Bancorp, Inc. (I)	7,604		106,836
Washington Banking Company	4,187		58,367
Washington Trust Bancorp, Inc.	3,644		99,773
Webster Financial Corp.	18,649		452,425
WesBanco, Inc.	6,607		158,238
West Bancorp, Inc.	3,996		44,356
West Coast Bancorp	5,192		126,062
Westamerica Bancorp.	7,154		324,291
Western Alliance Bancorp (I)(L)	18,865		261,092
Wilshire Bancorp, Inc. (I)	16,692		113,172
Wintrust Financial Corp. (L)	9,398		348,102

			22,360,645
Consumer Finance - 0.8%
Cash America International, Inc. (L)	7,642		400,976
Credit Acceptance Corp. (I)	2,031		248,066
DFC Global Corp. (I)(L)	11,664		194,089
Encore Capital Group, Inc. (I)(L)	5,750		173,075
Ezcorp, Inc., Class A (I)	12,640		269,232
First Cash Financial Services, Inc. (I)(L)	7,451		434,691
Green Dot Corp., Class A (I)	6,493		108,498
Nelnet, Inc., Class A	6,297		212,839
Netspend Holdings, Inc. (I)	7,712		122,544
Nicholas Financial, Inc. (L)	3,235		47,555
Portfolio Recovery Associates, Inc. (I)(L)	4,445		564,159
World Acceptance Corp. (I)(L)	2,734		234,769

			3,010,493
Diversified Financial Services - 0.3%
MarketAxess Holdings, Inc.	9,452		352,560
Marlin Business Services Corp.	2,293		53,175
NewStar Financial, Inc. (I)(L)	6,493		85,902
PHH Corp. (I)(L)	14,594		320,484
PICO Holdings, Inc. (I)	6,068		134,710
Resource America, Inc., Class A	3,620		36,055

			982,886
Insurance - 2.3%
Alterra Capital Holdings, Ltd.	22,185		698,828
American Equity Investment Life
Holding Company (L)	15,869		236,289
American Safety Insurance Holdings, Ltd. (I)	2,723		67,966
AMERISAFE, Inc.	4,789		170,201
Amtrust Financial Services, Inc. (L)	6,949		240,783
Argo Group International Holdings, Ltd.	6,616		273,770
Baldwin & Lyons, Inc., Class B	2,293		54,550
Citizens, Inc. (I)(L)	9,777		82,029

263

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Insurance (continued)
CNO Financial Group, Inc.	52,223	$	597,953
Crawford & Company, Class B	6,544		49,669
Donegal Group, Inc., Class A	2,497		38,129
Eastern Insurance Holdings, Inc.	2,391		44,855
eHealth, Inc. (I)	5,152		92,118
EMC Insurance Group, Inc.	1,416		37,283
Employers Holdings, Inc.	8,229		192,970
Enstar Group, Ltd. (I)	2,161		268,591
FBL Financial Group, Inc., Class A	2,707		105,194
First American Financial Corp.	27,382		700,158
Global Indemnity PLC (I)	2,528		58,650
Greenlight Capital Re, Ltd., Class A (I)(L)	7,348		179,659
Hallmark Financial Services, Inc. (I)	4,151		37,359
Hilltop Holdings, Inc. (I)	10,419		140,552
Homeowners Choice, Inc. (L)	2,365		64,446
Horace Mann Educators Corp.	10,197		212,607
Infinity Property & Casualty Corp.	3,047		171,241
Kansas City Life Insurance Company	1,016		39,756
Maiden Holdings, Ltd.	13,235		140,159
Meadowbrook Insurance Group, Inc. (L)	13,827		97,480
Montpelier Re Holdings, Ltd.	12,798		333,388
National Financial Partners Corp. (I)(L)	10,424		233,810
National Interstate Corp.	1,678		50,306
National Western Life Insurance
Company, Class A	593		104,368
OneBeacon Insurance Group, Ltd., Class A	6,326		85,528
Platinum Underwriters Holdings, Ltd.	8,233		459,484
Primerica, Inc.	11,305		370,578
RLI Corp.	5,332		383,104
Safety Insurance Group, Inc.	3,253		159,885
Selective Insurance Group, Inc. (L)	14,340		344,303
State Auto Financial Corp.	4,084		71,143
Stewart Information Services Corp. (L)	4,761		121,263
Symetra Financial Corp.	20,348		272,867
The Navigators Group, Inc. (I)	2,534		148,873
The Phoenix Companies, Inc. (I)	1,668		51,324
Tower Group International, Ltd. (L)	10,518		194,050
United Fire Group, Inc.	5,356		136,417

			8,613,936
Real Estate Investment Trusts - 7.9%
Acadia Realty Trust	12,967		360,094
AG Mortgage Investment Trust, Inc.	5,470		139,321
Agree Realty Corp.	3,259		98,096
Alexander’s, Inc.	551		181,659
American Assets Trust, Inc.	8,569		274,294
American Capital Mortgage Investment Corp.	9,162		236,838
Anworth Mortgage Asset Corp.	35,332		223,652
Apollo Commercial Real Estate Finance, Inc.	5,940		104,485
Apollo Residential Mortgage, Inc.	6,329		141,073
Ares Commercial Real Estate Corp.	2,321		39,271
ARMOUR Residential REIT, Inc. (L)	76,911		502,229
Ashford Hospitality Trust, Inc.	14,067		173,868
Associated Estates Realty Corp.	12,839		239,319
Campus Crest Communities, Inc.	10,219		142,044
CapLease, Inc.	18,226		116,100
Capstead Mortgage Corp.	25,335		324,795
Cedar Realty Trust, Inc.	16,731		102,226
Chatham Lodging Trust	4,252		74,878
Chesapeake Lodging Trust	10,269		235,571
Colonial Properties Trust (L)	22,800		515,508
Colony Financial, Inc.	13,471		299,056
Coresite Realty Corp.	5,267		184,240
Cousins Properties, Inc.	23,828		254,721


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Real Estate Investment Trusts (continued)
CreXus Investment Corp.	16,910	$	220,168
CubeSmart	31,887		503,815
CYS Investments, Inc. (L)	44,110		517,851
DCT Industrial Trust, Inc. (L)	62,888		465,371
DiamondRock Hospitality Company (L)	48,886		455,129
DuPont Fabros Technology, Inc. (L)	15,858		384,874
Dynex Capital, Inc. (L)	14,410		153,899
EastGroup Properties, Inc.	7,216		419,971
Education Realty Trust, Inc.	29,395		309,529
EPR Properties	11,948		621,893
Equity One, Inc. (L)	13,777		330,235
Excel Trust, Inc.	11,786		160,879
FelCor Lodging Trust, Inc. (I)	33,129		197,118
First Industrial Realty Trust, Inc.	25,495		436,729
First Potomac Realty Trust	13,500		200,205
Franklin Street Properties Corp.	19,171		280,280
Getty Realty Corp. (L)	6,689		135,185
Gladstone Commercial Corp. (L)	3,877		75,485
Glimcher Realty Trust	36,334		421,474
Government Properties Income Trust	10,938		281,435
Gramercy Capital Corp. (I)	14,008		72,982
Gyrodyne Company of America, Inc.	410		30,139
Healthcare Realty Trust, Inc.	22,320		633,665
Hersha Hospitality Trust	45,511		265,784
Highwoods Properties, Inc. (L)	19,648		777,471
Hudson Pacific Properties, Inc.	9,474		206,060
Inland Real Estate Corp. (L)	20,016		201,961
Invesco Mortgage Capital, Inc.	30,574		653,978
Investors Real Estate Trust (L)	23,807		234,975
iStar Financial, Inc. (I)(L)	21,987		239,438
JAVELIN Mortgage Investment Corp.	2,431		47,769
Kite Realty Group Trust	18,326		123,517
LaSalle Hotel Properties	22,104		561,000
Lexington Realty Trust (L)	34,350		405,330
LTC Properties, Inc.	7,880		320,952
Medical Properties Trust, Inc. (L)	35,270		565,731
Mission West Properties, Inc. (I)	4,430		89
Monmouth Real Estate
Investment Corp., Class A	11,259		125,538
National Health Investments, Inc. (L)	6,146		402,256
New York Mortgage Trust, Inc. (L)	13,815		104,165
NorthStar Realty Finance Corp.	42,591		403,763
Omega Healthcare Investors, Inc. (L)	28,593		868,083
One Liberty Properties, Inc. (L)	3,466		75,282
Parkway Properties, Inc.	5,658		104,956
Pebblebrook Hotel Trust	15,715		405,290
Pennsylvania Real Estate Investment Trust	14,547		282,066
PennyMac Mortgage Investment Trust	15,013		388,687
Potlatch Corp.	10,329		473,688
PS Business Parks, Inc.	4,669		368,477
RAIT Financial Trust (L)	13,418		106,941
Ramco-Gershenson Properties Trust	12,171		204,473
Realty Income Corp.	3,036		137,683
Redwood Trust, Inc.	20,491		474,981
Resource Capital Corp.	26,120		172,653
Retail Opportunity Investments Corp. (L)	13,561		189,990
RLJ Lodging Trust	27,478		625,399
Rouse Properties, Inc.	5,837		105,650
Ryman Hospitality Properties (L)	8,410		384,758
Sabra Health Care REIT, Inc.	9,712		281,745
Saul Centers, Inc.	1,980		86,605
Select Income REIT	2,880		76,176
Silver Bay Realty Trust Corp.	3,720		77,000

264

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Real Estate Investment Trusts (continued)
Sovran Self Storage, Inc.	7,363	$	474,840
Spirit Realty Capital, Inc.	8,611		163,609
STAG Industrial, Inc.	8,084		171,947
Starwood Property Trust, Inc.	34,128		947,393
Strategic Hotels & Resorts, Inc. (I)	47,303		394,980
Summit Hotel Properties, Inc.	11,472		120,112
Sun Communities, Inc.	7,776		383,590
Sunstone Hotel Investors, Inc. (I)	35,467		436,599
Terreno Realty Corp.	4,466		80,299
Two Harbors Investment Corp.	75,914		957,276
UMH Properties, Inc.	4,974		51,083
Universal Health Realty Income Trust	3,099		178,843
Urstadt Biddle Properties, Inc., Class A	6,495		141,331
Washington Real Estate Investment Trust (L)	17,043		474,477
Western Asset Mortgage Capital Corp.	4,921		114,364
Whitestone REIT	4,094		61,983
Winthrop Realty Trust	8,191		103,043

			29,057,778
Real Estate Management & Development - 0.2%
AV Homes, Inc. (I)	3,008		40,097
Consolidated-Tomoka Land Company (L)	1,269		49,808
Forestar Group, Inc. (I)(L)	9,088		198,664
Kennedy-Wilson Holdings, Inc.	11,369		176,333
Tejon Ranch Company (I)	3,504		104,349
Thomas Properties Group, Inc.	8,836		45,329
Zillow, Inc., Class A (I)(L)	960		52,483

			667,063
Thrifts & Mortgage Finance - 1.7%
Astoria Financial Corp. (L)	22,330		220,174
Bank Mutual Corp.	14,254		78,825
BankFinancial Corp.	5,182		41,922
Beneficial Mutual Bancorp, Inc. (I)	8,801		90,650
Berkshire Hills Bancorp, Inc.	6,481		165,525
BofI Holding, Inc. (I)	2,919		104,734
Brookline Bancorp, Inc.	18,514		169,218
Cape Bancorp, Inc.	3,370		30,869
Clifton Savings Bancorp, Inc.	2,615		32,583
Dime Community Bancshares, Inc.	8,534		122,548
ESB Financial Corp.	3,008		41,180
ESSA Bancorp, Inc.	2,744		29,745
EverBank Financial Corp. (L)	5,672		87,349
Federal Agricultural Mortgage Corp., Class C	2,681		82,548
First Defiance Financial Corp.	2,965		69,144
First Pactrust Bancorp, Inc. (L)	3,723		42,442
Flushing Financial Corp.	8,430		142,804
Fox Chase Bancorp, Inc.	3,285		55,484
Franklin Financial Corp.	3,649		66,594
Heritage Financial Group, Inc.	2,923		42,325
Home Bancorp, Inc. (I)	2,232		41,538
Home Federal Bancorp, Inc.	4,346		55,629
Home Loan Servicing Solutions, Ltd.	11,839		276,204
HomeStreet, Inc.	2,425		54,175
Kearny Financial Corp.	4,582		46,736
MGIC Investment Corp. (I)(L)	49,631		245,673
Nationstar Mortgage Holdings, Inc. (I)(L)	4,994		184,279
Northfield Bancorp, Inc.	5,723		65,013
Northwest Bancshares, Inc.	25,370		321,945
OceanFirst Financial Corp.	4,199		60,550
Ocwen Financial Corp. (I)	27,806		1,054,404
Oritani Financial Corp. (L)	11,983		185,617
Peoples Federal Bancshares, Inc.	1,940		37,054
Provident Financial Holdings, Inc.	2,842		48,342


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Thrifts & Mortgage Finance (continued)
Provident Financial Services, Inc.	15,504	$	236,746
Provident New York Bancorp	10,677		96,840
Radian Group, Inc.	34,771		372,397
Rockville Financial, Inc.	7,986		103,499
Roma Financial Corp.	2,313		37,147
SI Financial Group, Inc.	3,181		38,458
Simplicity Bancorp, Inc.	2,980		44,789
Territorial Bancorp, Inc.	3,064		72,862
Tree.com, Inc.	1,907		35,260
TrustCo Bank Corp.	25,482		142,190
United Financial Bancorp, Inc.	5,655		85,956
ViewPoint Financial Group	8,613		173,207
Walker & Dunlop, Inc. (I)	3,114		55,959
Westfield Financial, Inc. (L)	7,636		59,408
WSFS Financial Corp.	2,085		101,414

			6,049,954

			79,149,354
Health Care - 11.5%
Biotechnology - 3.7%
Achillion Pharmaceuticals, Inc. (I)	15,624		136,554
Acorda Therapeutics, Inc. (I)	10,438		334,329
Aegerion Pharmaceuticals, Inc. (I)(L)	6,661		268,705
Affymax, Inc. (I)(L)	9,385		13,045
Agenus, Inc. (I)(L)	7,519		29,249
Alkermes PLC (I)	31,623		749,781
Allos Therapeutics, Inc. (I)	21,982		0
Alnylam Pharmaceuticals, Inc. (I)(L)	12,778		311,400
AMAG Pharmaceuticals, Inc. (I)	5,762		137,424
Amicus Therapeutics, Inc. (I)	9,003		28,540
Arena Pharmaceuticals, Inc. (I)(L)	56,103		460,606
Arqule, Inc. (I)	16,902		43,776
Array BioPharma, Inc. (I)	30,636		150,729
Astex Pharmaceuticals (I)	25,206		112,419
AVEO Pharmaceuticals, Inc. (I)(L)	10,899		80,108
Biotime, Inc. (I)(L)	8,952		34,197
Celldex Therapeutics, Inc. (I)(L)	16,441		190,387
Cepheid, Inc. (I)(L)	17,005		652,482
ChemoCentryx, Inc. (I)	1,686		23,301
Clovis Oncology, Inc. (I)	3,753		107,599
Coronado Biosciences, Inc. (I)	5,471		53,178
Cubist Pharmaceuticals, Inc. (I)	16,330		764,571
Curis, Inc. (I)(L)	21,663		71,055
Cytori Therapeutics, Inc. (I)	16,983		42,627
Dendreon Corp. (I)(L)	40,222		190,250
Discovery Laboratories, Inc. (I)	5,451		12,483
Dyax Corp. (I)	26,466		115,392
Dynavax Technologies Corp. (I)(L)	45,882		101,858
Emergent Biosolutions, Inc. (I)	6,619		92,534
Enzon Pharmaceuticals, Inc.	11,112		42,226
Exact Sciences Corp. (I)	16,688		163,542
Exelixis, Inc. (I)(L)	47,818		220,919
Genomic Health, Inc. (I)(L)	4,229		119,596
Geron Corp. (I)(L)	36,838		39,417
GTx, Inc. (I)(L)	7,834		32,511
Halozyme Therapeutics, Inc. (I)(L)	23,600		136,172
Idenix Pharmaceuticals, Inc. (I)(L)	23,711		84,411
ImmunoCellular Therapeutics, Ltd. (I)(L)	15,155		41,525
Immunogen, Inc. (I)(L)	21,784		349,851
Immunomedics, Inc. (I)	18,830		45,380
Infinity Pharmaceuticals, Inc. (I)	7,365		356,982
Intercept Pharmaceuticals, Inc. (I)	1,269		47,461
InterMune, Inc. (I)	20,056		181,507

265

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Biotechnology (continued)
Ironwood Pharmaceuticals, Inc. (I)(L)	19,726	$	360,789
Isis Pharmaceuticals, Inc. (I)(L)	26,111		442,320
Keryx Biopharmaceuticals Inc. (I)(L)	19,171		134,964
Kythera Biopharmaceuticals, Inc. (I)	1,380		33,617
Lexicon Pharmaceuticals, Inc. (I)(L)	56,079		122,252
Ligand Pharmaceuticals, Inc., Class B (I)	4,611		122,883
MannKind Corp. (I)(L)	30,448		103,219
Merrimack Pharmaceuticals, Inc. (I)	1,743		10,632
Momenta Pharmaceuticals, Inc. (I)	12,418		165,656
Neurocrine Biosciences, Inc. (I)(L)	17,565		213,239
NewLink Genetics Corp. (I)(L)	3,655		44,847
Novavax, Inc. (I)	35,144		80,128
NPS Pharmaceuticals, Inc. (I)(L)	22,399		228,246
OncoGenex Pharmaceuticals, Inc. (I)(L)	4,229		47,915
Oncothyreon, Inc. (I)(L)	16,235		33,769
Opko Health, Inc. (I)(L)	28,021		213,800
Orexigen Therapeutics, Inc. (I)	19,214		120,088
Osiris Therapeutics, Inc. (I)	4,421		45,978
PDL BioPharma, Inc. (L)	36,211		264,702
Pharmacyclics, Inc. (I)	14,084		1,132,494
Progenics Pharmaceuticals, Inc. (I)(L)	11,693		63,025
Raptor Pharmaceutical Corp. (I)(L)	14,179		82,947
Repligen Corp. (I)(L)	8,506		58,776
Rigel Pharmaceuticals, Inc. (I)	22,562		153,196
Sangamo Biosciences, Inc. (I)(L)	14,181		135,570
Seattle Genetics, Inc. (I)(L)	24,620		874,256
SIGA Technologies, Inc. (I)(L)	11,400		40,812
Spectrum Pharmaceuticals, Inc. (L)	15,498		115,615
Sunesis Pharmaceuticals, Inc. (I)(L)	8,418		46,046
Synageva BioPharma Corp. (I)(L)	2,719		149,327
Synergy Pharmaceuticals, Inc. (I)(L)	11,351		68,901
Synta Pharmaceuticals Corp. (I)	10,508		90,369
Targacept, Inc. (I)	8,148		34,873
Theravance, Inc. (I)	15,793		373,031
Threshold Pharmaceuticals, Inc. (I)	11,783		54,320
Trius Therapeutics, Inc. (I)(L)	7,778		53,202
Vanda Pharmaceuticals, Inc. (I)	8,790		34,457
Vical, Inc. (I)(L)	20,926		83,285
XOMA Corp. (I)	22,252		77,659
ZIOPHARM Oncology, Inc. (I)(L)	18,107		33,136

			13,714,420
Health Care Equipment & Supplies - 2.9%
Abaxis, Inc. (L)	5,611		265,513
ABIOMED, Inc. (I)(L)	8,905		166,256
Accuray, Inc. (I)(L)	19,028		88,290
Align Technology, Inc. (I)	18,612		623,688
Analogic Corp. (L)	3,126		247,017
AngioDynamics, Inc. (I)	6,734		76,970
Anika Therapeutics, Inc. (I)	3,463		50,283
Antares Pharma, Inc. (I)(L)	28,128		100,698
ArthroCare Corp. (I)	7,244		251,801
AtriCure, Inc. (I)	4,581		36,282
Atrion Corp.	385		73,916
Cantel Medical Corp.	5,429		163,196
Cardiovascular Systems, Inc. (I)	4,637		94,966
Cerus Corp. (I)(L)	16,154		71,401
Conceptus, Inc. (I)	8,171		197,330
CONMED Corp. (L)	7,200		245,232
CryoLife, Inc.	7,920		47,599
Cyberonics, Inc. (I)	7,137		334,083
Cynosure, Inc., Class A (I)	3,272		85,628
Derma Sciences, Inc. (I)	3,496		42,232
DexCom, Inc. (I)(L)	17,929		299,773


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Health Care Equipment & Supplies (continued)
Endologix, Inc. (I)	14,504	$	234,240
Exactech, Inc. (I)	2,622		54,249
Globus Medical, Inc., Class A (I)(L)	2,628		38,579
Greatbatch, Inc. (I)	6,005		179,369
Haemonetics Corp. (I)(L)	12,847		535,206
Hansen Medical, Inc. (I)(L)	16,414		32,992
HeartWare International, Inc. (I)(L)	3,638		321,708
ICU Medical, Inc. (I)(L)	3,161		186,341
Insulet Corp. (I)(L)	12,500		323,250
Integra LifeSciences Holdings Corp. (I)(L)	5,067		197,664
Invacare Corp. (L)	8,446		110,220
MAKO Surgical Corp. (I)(L)	10,422		116,205
Masimo Corp.	12,956		254,197
Meridian Bioscience, Inc. (L)	10,799		246,433
Merit Medical Systems, Inc. (I)	10,943		134,161
Natus Medical, Inc. (I)	7,895		106,109
Navidea Biopharmaceuticals, Inc. (I)(L)	26,205		71,016
Neogen Corp. (I)	6,153		305,004
NuVasive, Inc. (I)(L)	11,338		241,613
NxStage Medical, Inc. (I)	13,753		155,134
OraSure Technologies, Inc. (I)	14,386		77,684
Orthofix International NV (I)	4,846		173,826
Palomar Medical Technologies, Inc. (I)	5,793		78,148
PhotoMedex, Inc. (I)	3,723		59,903
Quidel Corp. (I)(L)	7,353		174,634
Rochester Medical Corp. (I)	3,237		47,325
Rockwell Medical Technologies, Inc. (I)	6,304		24,964
RTI Biologics, Inc. (I)	15,845		62,429
Solta Medical, Inc. (I)	19,653		43,237
Spectranetics Corp. (I)	9,043		167,567
Staar Surgical Company (I)	10,198		57,415
STERIS Corp.	14,775		614,788
SurModics, Inc. (I)	3,455		94,149
Symmetry Medical, Inc. (I)	9,742		111,546
Tornier BV (I)	4,287		80,810
Unilife Corp. (I)(L)	23,123		50,408
Utah Medical Products, Inc.	826		40,284
Vascular Solutions, Inc. (I)	4,495		72,909
Volcano Corp. (I)(L)	13,811		307,433
West Pharmaceutical Services, Inc.	8,642		561,211
Wright Medical Group, Inc. (I)(L)	10,092		240,291

			10,546,805
Health Care Providers & Services - 2.4%
Acadia Healthcare Company, Inc. (I)(L)	6,951		204,290
Accretive Health, Inc. (I)	14,767		150,033
Air Methods Corp. (L)	9,962		480,567
Almost Family, Inc. (L)	2,299		46,969
Amedisys, Inc. (I)(L)	8,094		90,005
AMN Healthcare Services, Inc. (I)	11,557		182,947
Amsurg Corp. (I)	8,169		274,805
Assisted Living Concepts, Inc., Class A (L)	5,373		63,885
Bio-Reference Labs, Inc. (I)(L)	6,264		162,739
BioScrip, Inc. (I)	11,461		145,669
Capital Senior Living Corp. (I)	7,281		192,437
Centene Corp. (I)	13,298		585,644
Chemed Corp. (L)	4,844		387,423
Chindex International, Inc. (I)	3,596		49,409
Corvel Corp. (I)	1,696		83,935
Cross Country Healthcare, Inc. (I)	7,843		41,646
Emeritus Corp. (I)	8,028		223,098
ExamWorks Group, Inc. (I)(L)	7,736		133,988
Five Star Quality Care, Inc. (I)	11,464		76,694
Gentiva Health Services, Inc. (I)(L)	8,122		87,880

266

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Health Care Providers & Services (continued)
Hanger, Inc. (I)	8,807	$	277,685
HealthSouth Corp. (I)	24,492		645,854
Healthways, Inc. (I)	8,852		108,437
IPC The Hospitalist Company, Inc. (I)(L)	4,300		191,264
Kindred Healthcare, Inc. (I)(L)	13,851		145,851
Landauer, Inc.	2,427		136,834
LHC Group, Inc. (I)(L)	3,887		83,532
Magellan Health Services, Inc. (I)	6,952		330,707
Molina Healthcare, Inc. (I)(L)	7,693		237,483
MWI Veterinary Supply, Inc. (I)(L)	3,300		436,458
National Healthcare Corp.	2,551		116,632
National Research Corp.	695		40,338
Owens & Minor, Inc. (L)	16,215		527,960
PharMerica Corp. (I)	7,648		107,072
Select Medical Holdings Corp.	9,276		83,484
Skilled Healthcare Group, Inc., Class A (I)(L)	5,597		36,772
Team Health Holdings, Inc. (I)	7,335		266,847
The Ensign Group, Inc.	4,469		149,265
The Providence Service Corp. (I)	3,534		65,344
Triple-S Management Corp., Class B (I)	5,005		87,187
Universal American Corp.	10,042		83,650
US Physical Therapy, Inc.	3,188		85,598
Vanguard Health Systems, Inc. (I)	8,439		125,488
WellCare Health Plans, Inc. (I)	11,119		644,457

			8,678,262
Health Care Technology - 0.8%
athenahealth, Inc. (I)(L)	9,233		895,970
Computer Programs & Systems, Inc. (L)	2,829		153,077
Greenway Medical Technologies, Inc. (I)(L)	2,146		34,121
HealthStream, Inc. (I)	5,088		116,719
HMS Holdings Corp. (I)(L)	22,278		604,848
MedAssets, Inc. (I)	15,200		292,600
Medidata Solutions, Inc. (I)	5,778		335,008
Merge Healthcare, Inc. (I)(L)	16,789		48,520
Omnicell, Inc. (I)	8,820		166,522
Quality Systems, Inc.	10,403		190,167
Vocera Communications, Inc. (I)(L)	1,888		43,424

			2,880,976
Life Sciences Tools & Services - 0.4%
Affymetrix, Inc. (I)(L)	19,256		90,888
Cambrex Corp. (I)	7,934		101,476
Fluidigm Corp. (I)(L)	6,512		120,537
Furiex Pharmaceuticals, Inc. (I)	2,089		78,296
Harvard Bioscience, Inc. (I)	7,181		40,573
Luminex Corp. (I)	10,932		180,597
PAREXEL International Corp. (I)	15,386		607,901
Sequenom, Inc. (I)(L)	29,969		124,371

			1,344,639
Pharmaceuticals - 1.3%
Akorn, Inc. (I)(L)	14,940		206,620
Ampio Pharmaceuticals, Inc. (I)(L)	7,593		34,700
Auxilium Pharmaceuticals, Inc. (I)	12,716		219,732
AVANIR Pharmaceuticals, Inc., Class A (I)	36,089		98,884
BioDelivery Sciences International, Inc. (I)	7,862		33,099
Cadence Pharmaceuticals, Inc. (I)(L)	16,267		108,826
Corcept Therapeutics, Inc. (I)(L)	14,665		29,330
Depomed, Inc. (I)	15,260		89,576
Endocyte, Inc. (I)(L)	8,127		101,181
Forest Laboratories, Inc.
(German Exchange) (I)	3,580		2,076
Hi-Tech Pharmacal Company, Inc. (L)	2,851		94,397


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Pharmaceuticals (continued)
Horizon Pharma, Inc. (I)(L)	11,226	$	30,422
Impax Laboratories, Inc. (I)	17,458		269,552
Indevus Pharmaceuticals, Inc. (I)	17,906		0
Jazz Pharmaceuticals PLC (I)	10,756		601,368
Nektar Therapeutics (I)(L)	30,001		330,011
Obagi Medical Products, Inc. (I)	4,937		97,506
Omeros Corp. (I)(L)	7,320		30,158
Optimer Pharmaceuticals, Inc. (I)	12,403		147,596
Pacira Pharmaceuticals, Inc. (I)	4,922		142,049
Pain Therapeutics, Inc. (I)	11,803		40,484
Pozen, Inc. (I)	7,849		41,364
Questcor Pharmaceuticals, Inc. (L)	13,976		454,779
Repros Therapeutics, Inc. (I)(L)	4,453		71,693
Sagent Pharmaceuticals, Inc. (I)(L)	2,658		46,648
Santarus, Inc. (I)	14,265		247,212
Sciclone Pharmaceuticals, Inc. (I)(L)	15,510		71,346
The Medicines Company (I)	14,360		479,911
Transcept Pharmaceuticals, Inc. (I)	1,990		9,532
ViroPharma, Inc. (I)(L)	17,067		429,406
Vivus, Inc. (I)(L)	25,939		285,329
XenoPort, Inc. (I)	11,453		81,889

			4,926,676

			42,091,778
Industrials - 14.7%
Aerospace & Defense - 1.5%
AAR Corp.	10,635		195,578
Aerovironment, Inc. (I)	4,610		83,579
American Science & Engineering, Inc.	2,139		130,458
API Technologies Corp. (I)(L)	9,037		22,412
Astronics Corp. (I)	3,369		100,464
Cubic Corp.	4,133		176,562
Curtiss-Wright Corp.	12,155		421,779
DigitalGlobe, Inc. (I)	13,868		400,924
Esterline Technologies Corp. (I)	7,860		595,002
GenCorp, Inc. (I)(L)	15,722		209,103
HEICO Corp. (L)	13,654		592,720
Hexcel Corp. (I)	25,599		742,627
Kratos Defense &
Security Solutions, Inc. (I)(L)	11,352		57,101
LMI Aerospace, Inc. (I)	2,562		53,264
Moog, Inc., Class A (I)	11,239		515,083
National Presto Industries, Inc.	1,257		101,189
Orbital Sciences Corp. (I)	15,548		259,496
Taser International, Inc. (I)	13,857		110,163
Teledyne Technologies, Inc. (I)	9,413		738,356
The KEYW Holding Corp. (I)(L)	6,805		109,765

			5,615,625
Air Freight & Logistics - 0.4%
Air Transport Services Group, Inc. (I)	14,346		83,637
Atlas Air Worldwide Holdings, Inc. (I)	6,845		279,002
Echo Global Logistics, Inc. (I)	3,891		86,069
Forward Air Corp.	7,520		280,421
Hub Group, Inc., Class A (I)	9,433		362,793
Pacer International, Inc. (I)	9,663		48,605
Park-Ohio Holdings Corp. (I)	2,511		83,189
XPO Logistics, Inc. (I)(L)	4,624		77,868

			1,301,584
Airlines - 0.9%
Alaska Air Group, Inc. (I)	18,214		1,164,967
Allegiant Travel Company (L)	3,846		341,448
Hawaiian Holdings, Inc. (I)(L)	14,260		82,138

267

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Airlines (continued)
JetBlue Airways Corp. (I)(L)	60,692	$	418,775
Republic Airways Holdings, Inc. (I)	12,914		149,028
SkyWest, Inc.	13,496		216,611
Spirit Airlines, Inc. (I)	10,821		274,421
US Airways Group, Inc. (I)(L)	41,973		712,282

			3,359,670
Building Products - 0.9%
AAON, Inc.	4,917		135,660
American Woodmark Corp. (I)	2,606		88,682
AO Smith Corp.	9,909		729,005
Apogee Enterprises, Inc.	7,387		213,854
Builders FirstSource, Inc. (I)(L)	12,226		71,644
Gibraltar Industries, Inc. (I)	7,928		144,686
Griffon Corp.	11,955		142,504
Insteel Industries, Inc. (L)	4,847		79,103
NCI Building Systems, Inc. (I)	5,004		86,919
Nortek, Inc. (I)	2,001		142,791
Quanex Building Products Corp.	9,488		152,757
Simpson Manufacturing Company, Inc. (L)	10,357		317,028
Trex Company, Inc. (I)	3,858		189,736
Universal Forest Products, Inc.	5,109		203,389
USG Corp. (I)(L)	19,164		506,696

			3,204,454
Commercial Services & Supplies - 2.3%
A.T. Cross Company, Class A (I)	2,826		38,914
ABM Industries, Inc.	13,853		308,091
ACCO Brands Corp. (I)	29,539		197,321
Acorn Energy, Inc.	5,387		39,594
Casella Waste Systems, Inc., Class A (I)	10,778		47,100
Cenveo, Inc. (I)(L)	15,723		33,804
Consolidated Graphics, Inc. (I)	2,079		81,289
Courier Corp.	3,423		49,325
Deluxe Corp. (L)	13,169		545,197
EnergySolutions, Inc. (I)	21,304		79,890
EnerNOC, Inc. (I)(L)	6,430		111,689
Ennis, Inc.	6,925		104,360
G&K Services, Inc., Class A	4,840		220,268
Healthcare Services Group, Inc. (L)	17,411		446,244
Heritage-Crystal Clean, Inc. (I)(L)	2,313		34,926
Herman Miller, Inc.	15,002		415,105
HNI Corp. (L)	11,724		416,085
InnerWorkings, Inc. (I)(L)	8,494		128,599
Interface, Inc. (L)	15,227		292,663
Intersections, Inc.	2,866		26,969
Kimball International, Inc., Class B	8,533		77,309
Knoll, Inc.	12,402		224,848
McGrath RentCorp. (L)	6,351		197,516
Mine Safety Appliances Company	7,117		353,146
Mobile Mini, Inc. (I)(L)	9,827		289,209
Multi-Color Corp.	3,342		86,190
Performant Financial Corp. (I)	2,352		28,883
Quad/Graphics, Inc. (L)	6,696		160,302
Schawk, Inc.	3,219		35,377
Standard Parking Corp. (I)	4,095		84,767
Steelcase, Inc., Class A	19,523		287,574
Swisher Hygiene, Inc. (I)	31,781		40,997
Team, Inc. (I)	5,123		210,402
Tetra Tech, Inc. (I)	16,219		494,517
The Brink’s Company	12,174		344,037
The Geo Group, Inc.	18,352		690,402
TMS International Corp., Class A (I)	3,623		47,824
UniFirst Corp.	3,645		329,873


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Services & Supplies (continued)
United Stationers, Inc. (L)	10,481	$	405,091
US Ecology, Inc.	4,909		130,334
Viad Corp.	5,271		145,796

			8,281,827
Construction & Engineering - 0.9%
Aegion Corp. (I)(L)	10,282		238,028
Ameresco, Inc., Class A (I)	5,721		42,335
Argan, Inc.	2,765		41,226
Comfort Systems USA, Inc.	10,105		142,379
Dycom Industries, Inc. (I)	8,754		172,366
EMCOR Group, Inc.	17,170		727,836
Furmanite Corp. (I)	10,788		72,172
Granite Construction, Inc.	9,974		317,572
Great Lakes Dredge & Dock Corp.	15,660		105,392
Layne Christensen Company (I)(L)	5,255		112,352
MasTec, Inc. (I)(L)	14,134		412,006
Michael Baker Corp.	2,443		59,854
MYR Group, Inc. (I)	5,456		133,999
Northwest Pipe Company (I)	2,658		74,371
Orion Marine Group, Inc. (I)	7,728		76,816
Pike Electric Corp.	4,852		69,044
Primoris Services Corp.	7,920		175,111
Sterling Construction Company, Inc. (I)	4,957		53,982
Tutor Perini Corp. (I)(L)	9,321		179,895

			3,206,736
Electrical Equipment - 1.1%
Acuity Brands, Inc.	10,874		754,112
American Superconductor Corp. (I)(L)	11,618		30,904
AZZ, Inc.	6,548		315,614
Belden, Inc.	11,752		606,991
Brady Corp., Class A	12,605		422,646
Capstone Turbine Corp. (I)	83,247		74,922
Encore Wire Corp.	4,261		149,220
EnerSys, Inc. (I)	12,255		558,583
Franklin Electric Company, Inc. (L)	12,070		405,190
FuelCell Energy, Inc. (I)(L)	43,894		41,427
Generac Holdings, Inc.	6,360		224,762
Global Power Equipment Group, Inc.	4,723		83,219
II-VI, Inc. (I)(L)	13,645		232,511
LSI Industries, Inc.	5,594		39,046
Powell Industries, Inc. (I)	2,356		123,855
Preformed Line Products Company	685		47,929
Thermon Group Holdings, Inc. (I)	3,907		86,774
Vicor Corp. (I)	6,107		30,352

			4,228,057
Industrial Conglomerates - 0.1%
Raven Industries, Inc. (L)	9,444		317,413
Machinery - 3.1%
Accuride Corp. (I)(L)	13,399		72,221
Actuant Corp., Class A (L)	18,705		572,747
Alamo Group, Inc.	1,832		70,074
Albany International Corp., Class A	7,232		209,005
Altra Holdings, Inc.	7,116		193,698
American Railcar Industries, Inc.	2,566		119,935
Ampco-Pittsburgh Corp. (L)	2,048		38,728
Astec Industries, Inc. (L)	5,089		177,759
Barnes Group, Inc.	14,070		407,045
Blount International, Inc. (I)	12,717		170,153
Briggs & Stratton Corp. (L)	12,514		310,347
Cascade Corp.	2,346		152,443
Chart Industries, Inc. (I)(L)	7,697		615,837

268

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Machinery (continued)
CIRCOR International, Inc.	4,525	$	192,313
CLARCOR, Inc.	12,753		668,002
Columbus McKinnon Corp. (I)	5,221		100,504
Commercial Vehicle Group, Inc. (I)	6,930		54,054
Douglas Dynamics, Inc.	6,125		84,648
Dynamic Materials Corp.	3,687		64,154
Energy Recovery, Inc. (I)(L)	13,239		48,984
EnPro Industries, Inc. (I)(L)	5,366		274,578
ESCO Technologies, Inc.	6,857		280,177
Federal Signal Corp. (I)	16,557		134,774
Flow International Corp. (I)	14,395		56,284
FreightCar America, Inc.	3,344		72,966
Graham Corp.	2,870		71,004
Greenbrier Companies, Inc. (I)(L)	6,048		137,350
Hardinge, Inc.	3,713		50,608
Hurco Companies, Inc. (I)	1,840		50,103
Hyster-Yale Materials Handling, Inc.	2,880		164,419
Hyster-Yale Materials Handling, Inc., Class B	1,419		81,011
John Bean Technologies Corp.	7,468		154,961
Kadant, Inc.	3,198		79,950
Kaydon Corp. (L)	8,271		211,572
LB Foster Company, Class A	2,405		106,517
Lindsay Corp.	3,273		288,613
Lydall, Inc. (I)	4,705		72,222
Meritor, Inc. (I)	25,521		120,714
Met-Pro Corp.	4,901		50,627
Middleby Corp. (I)(L)	4,805		731,081
Miller Industries, Inc. (L)	3,157		50,670
Mueller Industries, Inc.	5,089		271,193
Mueller Water Products, Inc., Class A	40,674		241,197
NN, Inc. (I)(L)	5,017		47,461
PMFG, Inc. (I)(L)	6,070		37,452
Proto Labs, Inc. (I)	1,306		64,125
RBC Bearings, Inc. (I)	5,695		287,939
Rexnord Corp. (I)	7,429		157,718
Sauer-Danfoss, Inc.	3,062		178,913
Standex International Corp.	3,245		179,189
Sun Hydraulics Corp.	5,444		176,984
Tennant Company	4,868		236,390
The Eastern Company	2,130		37,360
The Gorman-Rupp Company	3,780		113,589
Titan International, Inc. (L)	12,343		260,190
Trimas Corp. (I)	8,448		274,307
Twin Disc, Inc. (L)	2,389		59,916
Wabash National Corp. (I)(L)	17,781		180,655
Watts Water Technologies, Inc., Class A	7,147		342,985
Woodward, Inc. (L)	17,818		708,444

			11,418,859
Marine - 0.0%
Genco Shipping & Trading, Ltd. (I)(L)	9,132		26,300
International Shipholding Corp.	1,751		31,868
Rand Logistics, Inc. (I)(L)	5,389		33,008

			91,176
Professional Services - 1.3%
Acacia Research Corp. (I)	12,932		390,158
Barrett Business Services, Inc.	1,863		98,106
CBIZ, Inc. (I)(L)	10,725		68,426
CDI Corp.	3,798		65,326
CRA International, Inc. (I)	3,043		68,072
Exponent, Inc.	3,435		185,284
Franklin Covey Company (I)	3,947		57,350
FTI Consulting, Inc. (I)	10,847		408,498


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Professional Services (continued)
GP Strategies Corp. (I)	3,909	$	93,269
Heidrick & Struggles International, Inc.	4,932		73,733
Hudson Global, Inc. (I)	7,947		31,311
Huron Consulting Group, Inc. (I)	6,021		242,767
ICF International, Inc. (I)	5,232		142,310
Insperity, Inc.	5,804		164,659
Kelly Services, Inc., Class A	7,000		130,760
Kforce, Inc.	7,612		124,608
Korn/Ferry International (I)	12,424		221,893
Mistras Group, Inc. (I)	4,091		99,043
Navigant Consulting Company (I)	13,454		176,786
Odyssey Marine Exploration, Inc. (I)(L)	20,831		67,909
On Assignment, Inc. (I)	11,009		278,638
Pendrell Corp. (I)	43,962		72,977
Resources Connection, Inc.	11,183		142,024
RPX Corp. (I)	5,658		79,834
The Advisory Board Company (I)	8,803		462,334
The Corporate Executive Board Company	8,679		504,771
The Dolan Company (I)	9,083		21,708
TrueBlue, Inc. (I)	10,456		221,040
VSE Corp.	1,396		34,886
WageWorks, Inc. (I)	1,940		48,558

			4,777,038
Road & Rail - 1.2%
Amerco, Inc.	2,233		387,515
Arkansas Best Corp.	7,094		82,858
Avis Budget Group, Inc. (I)(L)	27,510		765,603
Celadon Group, Inc.	5,335		111,288
Genesee & Wyoming, Inc., Class A (I)	11,358		1,057,543
Heartland Express, Inc. (L)	12,192		162,641
Knight Transportation, Inc.	14,582		234,770
Marten Transport, Ltd.	4,192		84,385
Old Dominion Freight Line, Inc. (I)	18,194		695,011
Quality Distribution, Inc. (I)	6,216		52,277
Roadrunner Transportation Systems, Inc. (I)	3,808		87,584
Saia, Inc. (I)	4,215		152,457
Swift Transportation Company (I)(L)	20,648		292,789
Universal Truckload Services, Inc. (I)	1,495		34,878
Werner Enterprises, Inc. (L)	11,069		267,206

			4,468,805
Trading Companies & Distributors - 1.0%
Aceto Corp.	7,390		81,807
Aircastle, Ltd.	15,101		206,582
Applied Industrial Technologies, Inc. (L)	10,786		485,370
Beacon Roofing Supply, Inc. (I)(L)	12,091		467,438
CAI International, Inc. (I)	3,887		112,023
DXP Enterprises, Inc. (I)	2,291		171,138
Edgen Group, Inc. (I)	4,593		33,207
H&E Equipment Services, Inc.	7,514		153,286
Houston Wire & Cable Company	5,292		68,531
Kaman Corp. (L)	6,907		244,991
Rush Enterprises, Inc., Class A (I)(L)	8,636		208,300
SeaCube Container Leasing, Ltd.	2,932		67,319
TAL International Group, Inc. (L)	7,518		340,641
Textainer Group Holdings, Ltd.	3,460		136,843
Titan Machinery, Inc. (I)(L)	4,399		122,072
Watsco, Inc. (L)	7,498		631,182

			3,530,730
Transportation Infrastructure - 0.0%
Wesco Aircraft Holdings, Inc. (I)(L)	4,362		64,209

			53,866,183

269

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Information Technology - 15.5%
Communications Equipment - 1.8%
ADTRAN, Inc.	16,500	$	324,225
Anaren, Inc. (I)	3,367		65,286
Arris Group, Inc. (I)	29,080		499,304
Aruba Networks, Inc. (I)(L)	28,961		716,495
Aviat Networks, Inc. (I)	16,681		56,215
Bel Fuse, Inc., Class B	2,908		45,394
Black Box Corp. (L)	4,410		96,182
CalAmp Corp. (I)	7,841		86,016
Calix, Inc. (I)	10,494		85,526
Ciena Corp. (I)	25,594		409,760
Comtech Telecommunications Corp.	4,601		111,712
Digi International, Inc. (I)	7,126		63,635
Emulex Corp. (I)	22,509		146,984
Extreme Networks, Inc. (I)	25,314		85,308
Finisar Corp. (I)(L)	23,636		311,759
Globecomm Systems, Inc. (I)	6,275		75,363
Harmonic, Inc. (I)	30,735		177,956
Infinera Corp. (I)(L)	28,340		198,380
InterDigital, Inc. (L)	10,584		506,233
Ixia (I)	10,948		236,915
KVH Industries, Inc. (I)	3,702		50,236
Loral Space & Communications, Inc.	2,827		174,935
NETGEAR, Inc. (I)(L)	9,846		329,939
Numerex Corp., Class A (I)	2,881		36,848
Oclaro, Inc. (I)(L)	20,954		26,402
Oplink Communications, Inc. (I)	4,964		81,410
Parkervision, Inc. (I)(L)	20,293		74,475
Plantronics, Inc.	10,922		482,643
Procera Networks, Inc. (I)	5,093		60,556
Ruckus Wireless, Inc. (I)(L)	2,209		46,389
ShoreTel, Inc. (I)	13,421		48,718
Sonus Networks, Inc. (I)	54,973		142,380
Symmetricom, Inc. (I)	11,383		51,679
Tellabs, Inc.	94,977		198,502
Telular Corp.	4,881		49,103
Tessco Technologies, Inc.	1,617		34,992
Ubiquiti Networks, Inc.	3,050		41,846
ViaSat, Inc. (I)(L)	9,693		469,529

			6,699,230
Computers & Peripherals - 0.7%
3D Systems Corp. (I)(L)	18,148		585,092
Avid Technology, Inc. (I)	8,165		51,195
Cray, Inc. (I)	9,688		224,858
Datalink Corp. (I)	4,550		54,964
Electronics for Imaging, Inc. (I)	12,117		307,287
Imation Corp. (I)	9,431		36,026
Immersion Corp. (I)(L)	8,009		94,026
Intermec, Inc. (I)(L)	15,683		154,164
Intevac, Inc. (I)	7,203		33,998
OCZ Technology Group, Inc. (I)(L)	19,154		34,477
QLogic Corp. (I)	25,445		295,162
Quantum Corp. (I)(L)	63,101		80,769
Silicon Graphics International Corp. (I)	8,381		115,239
STEC, Inc. (I)(L)	10,038		44,368
Super Micro Computer, Inc. (I)	7,608		85,894
Synaptics, Inc. (I)(L)	8,750		356,038

			2,553,557
Electronic Equipment, Instruments & Components - 2.1%
Aeroflex Holding Corp. (I)	5,810		45,667
Agilysys, Inc. (I)	4,075		40,506
Anixter International, Inc. (L)	7,160		500,627


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Electronic Equipment, Instruments &
Components (continued)
Badger Meter, Inc.	3,739	$	200,111
Benchmark Electronics, Inc. (I)	14,826		267,165
Checkpoint Systems, Inc. (I)	10,759		140,513
Cognex Corp.	11,039		465,294
Coherent, Inc.	6,065		344,128
CTS Corp.	8,807		91,945
Daktronics, Inc.	9,591		100,706
DTS, Inc. (I)	4,884		81,221
Electro Rent Corp.	4,620		85,655
Electro Scientific Industries, Inc.	6,423		70,974
Fabrinet (I)	5,739		83,847
FARO Technologies, Inc. (I)	4,448		192,999
FEI Company	9,723		627,620
GSI Group, Inc. (I)	7,672		65,442
Insight Enterprises, Inc. (I)	11,649		240,202
InvenSense, Inc. (I)	9,562		102,122
KEMET Corp. (I)	12,364		77,275
Key Tronic Corp. (I)	2,863		32,810
Littelfuse, Inc.	5,570		377,925
Maxwell Technologies, Inc. (I)(L)	8,058		43,433
Measurement Specialties, Inc. (I)	3,999		159,040
Mercury Computer Systems, Inc. (I)	8,487		62,549
Mesa Laboratories, Inc.	755		40,007
Methode Electronics, Inc.	9,842		126,765
MTS Systems Corp.	4,117		239,404
Multi-Fineline Electronix, Inc. (I)	2,297		35,443
Neonode, Inc. (I)(L)	6,698		38,647
Newport Corp. (I)	10,032		169,741
OSI Systems, Inc. (I)	5,144		320,420
Park Electrochemical Corp.	5,342		135,366
PC Connection, Inc.	2,484		40,613
Plexus Corp. (I)	9,006		218,936
Power-One, Inc. (I)(L)	17,880		74,202
RealD, Inc. (I)(L)	10,833		140,829
Richardson Electronics, Ltd.	2,876		34,109
Rofin-Sinar Technologies, Inc. (I)(L)	7,363		199,464
Rogers Corp. (I)	4,180		199,052
Sanmina Corp. (I)	21,317		242,161
ScanSource, Inc. (I)	7,113		200,729
SYNNEX Corp. (I)(L)	6,699		247,863
TTM Technologies, Inc. (I)	14,008		106,461
Universal Display Corp. (I)(L)	10,331		303,628
Vishay Precision Group, Inc. (I)	3,501		51,430
Zygo Corp. (I)	4,510		66,793

			7,731,839
Internet Software & Services - 2.2%
Angie’s List, Inc. (I)(L)	9,471		187,147
Bankrate, Inc. (I)	12,162		145,214
Blucora, Inc. (I)	10,418		161,271
Carbonite, Inc. (I)(L)	3,211		35,160
comScore, Inc. (I)	9,377		157,346
Constant Contact, Inc. (I)(L)	8,070		104,749
Cornerstone OnDemand, Inc. (I)(L)	8,754		298,511
CoStar Group, Inc. (I)	7,237		792,162
Dealertrack Technologies, Inc. (I)	11,013		323,562
Demand Media, Inc. (I)(L)	8,046		69,437
Demandware, Inc. (I)	1,740		44,109
Dice Holdings, Inc. (I)(L)	11,059		112,028
Digital River, Inc. (I)	9,753		137,907
EarthLink, Inc.	27,712		150,199
Envestnet, Inc. (I)	5,695		99,719
ExactTarget, Inc. (I)	2,597		60,432

270

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Internet Software & Services (continued)
Internap Network Services Corp. (I)	14,252	$	133,256
IntraLinks Holdings, Inc. (I)	10,184		64,770
Ipass, Inc. (I)	14,544		28,797
j2 Global, Inc. (L)	11,952		468,638
Keynote Systems, Inc.	4,486		62,625
Limelight Networks, Inc. (I)(L)	17,490		36,029
Liquidity Services, Inc. (I)(L)	6,093		181,632
LivePerson, Inc. (I)	14,460		196,367
LogMeIn, Inc. (I)(L)	5,849		112,418
Market Leader, Inc. (I)	6,375		57,120
Millennial Media, Inc. (I)	3,022		19,190
Monster Worldwide, Inc. (I)(L)	31,734		160,891
Move, Inc. (I)	10,580		126,431
NIC, Inc. (L)	16,828		322,424
OpenTable, Inc. (I)	5,843		367,992
Perficient, Inc. (I)	8,457		98,609
QuinStreet, Inc. (I)	9,246		55,199
RealNetworks, Inc. (I)	5,959		45,944
Responsys, Inc. (I)(L)	9,340		82,659
Saba Software, Inc. (I)	8,112		64,490
SciQuest, Inc. (I)	4,815		115,753
SPS Commerce, Inc. (I)	3,258		139,019
Stamps.com, Inc. (I)(L)	3,516		87,795
support.com, Inc. (I)	13,626		56,957
The Active Network, Inc. (I)(L)	10,600		44,414
Travelzoo, Inc. (I)	2,107		45,027
Trulia, Inc. (I)(L)	1,881		59,026
United Online, Inc.	23,904		144,141
Unwired Planet, Inc. (I)	23,365		51,870
ValueClick, Inc. (I)	19,471		575,368
VistaPrint NV (I)(L)	8,865		342,721
Vocus, Inc. (I)	5,619		79,509
Web.com Group, Inc. (I)(L)	9,210		157,307
WebMD Health Corp. (I)	13,298		323,407
XO Group, Inc. (I)	7,217		72,170
Yelp, Inc. (I)	2,266		53,727
Zix Corp. (I)	17,759		63,577

			7,976,222
IT Services - 1.8%
Acxiom Corp. (I)	19,939		406,756
CACI International, Inc., Class A (I)(L)	5,793		335,241
Cardtronics, Inc. (I)	11,540		316,888
Cass Information Systems, Inc. (L)	2,691		113,130
CIBER, Inc. (I)	20,410		95,927
Computer Task Group, Inc.	4,162		89,025
Convergys Corp. (L)	28,131		479,071
CSG Systems International, Inc. (I)	8,835		187,214
Euronet Worldwide, Inc. (I)(L)	13,218		348,162
ExlService Holdings, Inc. (I)	6,061		199,286
Forrester Research, Inc.	3,686		116,662
Global Cash Access Holdings, Inc. (I)	17,315		122,071
Heartland Payment Systems, Inc. (L)	10,022		330,425
Higher One Holdings, Inc. (I)(L)	8,665		77,032
iGATE Corp. (I)	8,548		160,788
Lionbridge Technologies, Inc. (I)	15,895		61,514
ManTech International Corp., Class A (L)	6,117		164,364
MAXIMUS, Inc.	8,713		696,779
ModusLink Global Solutions, Inc. (I)	11,424		37,699
MoneyGram International, Inc. (I)	5,917		107,098
PRGX Global, Inc. (I)	6,845		47,573
Sapient Corp. (I)	31,806		387,715
ServiceSource International, Inc. (I)(L)	13,445		95,056
Sykes Enterprises, Inc. (I)(L)	10,112		161,388


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
IT Services (continued)
Syntel, Inc.	3,933	$	265,556
TeleTech Holdings, Inc. (I)	5,929		125,754
The Hackett Group, Inc.	7,561		34,554
Unisys Corp. (I)(L)	11,496		261,534
Virtusa Corp. (I)	4,874		115,806
WEX, Inc. (I)(L)	9,946		780,761

			6,720,829
Semiconductors & Semiconductor Equipment - 3.3%
Advanced Energy Industries, Inc. (I)	10,464		191,491
Alpha & Omega Semiconductor, Ltd. (I)	4,959		44,036
Amkor Technology, Inc. (I)(L)	19,557		78,228
ANADIGICS, Inc. (I)	19,179		38,358
Applied Micro Circuits Corp. (I)	17,158		127,312
ATMI, Inc. (I)	8,197		183,859
Axcelis Technologies, Inc. (I)	31,923		39,904
Brooks Automation, Inc.	17,522		178,374
Cabot Microelectronics Corp. (I)(L)	6,036		209,751
Cavium, Inc. (I)(L)	12,780		495,992
Ceva, Inc. (I)	6,170		96,252
Cirrus Logic, Inc. (I)(L)	16,655		378,901
Cohu, Inc.	6,496		60,803
Cymer, Inc. (I)	7,954		764,379
Diodes, Inc. (I)(L)	9,249		194,044
DSP Group, Inc. (I)	6,279		50,672
Entegris, Inc. (I)	35,523		350,257
Entropic Communications, Inc. (I)(L)	23,227		94,534
Exar Corp. (I)	9,608		100,884
First Solar, Inc. (I)(L)	15,594		420,414
FormFactor, Inc. (I)	13,648		64,146
GSI Technology, Inc. (I)	5,876		38,723
GT Advanced Technologies, Inc. (I)(L)	31,496		103,622
Hittite Microwave Corp. (I)	8,067		488,538
Inphi Corp. (I)	6,446		67,361
Integrated Device Technology, Inc. (I)	36,533		272,902
Integrated Silicon Solution, Inc. (I)	7,706		70,664
Intermolecular, Inc. (I)	4,146		42,289
International Rectifier Corp. (I)(L)	17,891		378,395
Intersil Corp., Class A	33,312		290,148
IXYS Corp.	6,870		65,883
Kopin Corp. (I)	18,748		69,368
Lattice Semiconductor Corp. (I)	30,776		167,729
LTX-Credence Corp. (I)	13,225		79,879
MaxLinear, Inc., Class A (I)	6,672		41,366
MEMC Electronic Materials, Inc. (I)	60,353		265,553
Micrel, Inc.	12,716		133,645
Microsemi Corp. (I)	22,805		528,392
Mindspeed Technologies, Inc. (I)	10,398		34,625
MKS Instruments, Inc.	13,563		368,914
Monolithic Power Systems, Inc. (L)	7,867		191,719
MoSys, Inc. (I)	10,271		48,376
Nanometrics, Inc. (I)(L)	6,281		90,635
NeoPhotonics Corp. (I)	5,319		27,180
NVE Corp. (I)(L)	1,325		74,757
OmniVision Technologies, Inc. (I)(L)	13,577		187,091
PDF Solutions, Inc. (I)	6,424		102,912
Pericom Semiconductor Corp. (I)	6,588		44,864
Photronics, Inc. (I)(L)	16,355		109,251
PLX Technology, Inc. (I)	12,540		57,182
Power Integrations, Inc.	7,428		322,449
Rambus, Inc. (I)	29,110		163,307
RF Micro Devices, Inc. (I)	71,737		381,641
Rubicon Technology, Inc. (I)	4,989		32,927
Rudolph Technologies, Inc. (I)(L)	8,399		98,940

271

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Semiconductors & Semiconductor Equipment (continued)
Semtech Corp. (I)	16,730	$	592,075
Sigma Designs, Inc. (I)	9,413		45,841
Silicon Image, Inc. (I)	22,353		108,636
Spansion, Inc., Class A (I)	12,617		162,381
SunPower Corp. (I)(L)	10,799		124,620
Supertex, Inc.	3,010		66,852
Tessera Technologies, Inc.	13,607		255,131
TriQuint Semiconductor, Inc. (I)	43,771		221,044
Ultra Clean Holdings (I)	7,932		51,558
Ultratech, Inc. (I)	6,738		266,353
Veeco Instruments, Inc. (I)	10,059		385,561
Volterra Semiconductor Corp. (I)	6,729		95,552

			11,979,422
Software - 3.6%
Accelrys, Inc. (I)	14,650		142,984
ACI Worldwide, Inc. (I)	10,244		500,522
Actuate Corp. (I)	13,598		81,588
Advent Software, Inc. (I)	8,119		227,088
American Software, Inc., Class A	6,982		58,090
Aspen Technology, Inc. (I)	24,181		780,804
AVG Technologies NV (I)(L)	2,251		31,334
Blackbaud, Inc.	11,780		349,041
Bottomline Technologies, Inc. (I)(L)	9,143		260,667
BroadSoft, Inc. (I)(L)	7,160		189,525
Callidus Software, Inc. (I)	10,382		47,446
CommVault Systems, Inc. (I)	11,539		945,967
Comverse, Inc. (I)	5,717		160,305
Digimarc Corp.	2,129		46,774
Ebix, Inc. (L)	7,383		119,752
Ellie Mae, Inc. (I)(L)	6,498		156,277
EPIQ Systems, Inc.	8,330		116,870
ePlus, Inc.	1,075		49,676
Fair Isaac Corp.	8,831		403,488
FleetMatics Group PLC (I)	2,388		57,909
Glu Mobile Inc. (I)(L)	15,477		46,121
Guidance Software, Inc. (I)	3,887		42,174
Guidewire Software, Inc. (I)	5,277		202,848
Imperva, Inc. (I)(L)	2,574		99,099
Infoblox, Inc. (I)	2,070		44,919
Interactive Intelligence Group (I)	3,835		170,082
Jive Software, Inc. (I)	4,430		67,336
Manhattan Associates, Inc. (I)	5,235		388,908
Mentor Graphics Corp.	24,155		435,998
MicroStrategy, Inc., Class A (I)	2,219		224,297
Monotype Imaging Holdings, Inc.	9,635		228,831
Netscout Systems, Inc. (I)	9,543		234,472
Pegasystems, Inc.	4,581		128,634
Pervasive Software, Inc. (I)	3,849		35,295
Progress Software Corp. (I)	16,136		367,578
PROS Holdings, Inc. (I)	5,765		156,635
PTC, Inc. (I)	30,710		782,798
QLIK Technologies, Inc. (I)	22,209		573,658
Qualys, Inc. (I)	2,509		30,961
RealPage, Inc. (I)(L)	9,393		194,529
Rosetta Stone, Inc. (I)	3,088		47,493
Seachange International, Inc. (I)(L)	7,817		92,944
Sourcefire, Inc. (I)(L)	7,647		452,932
SS&C Technologies Holdings, Inc. (I)	8,576		257,108
Synchronoss Technologies, Inc. (I)(L)	7,181		222,826
Take-Two Interactive Software, Inc. (I)	20,386		329,234
Tangoe, Inc. (I)(L)	7,848		97,237
Telenav, Inc. (I)	4,617		29,780
TiVo, Inc. (I)	32,291		400,085


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Software (continued)
Tyler Technologies, Inc. (I)	7,725	$	473,234
Ultimate Software Group, Inc. (I)	6,872		715,788
VASCO Data Security International, Inc. (I)	7,777		65,638
Verint Systems, Inc. (I)	13,039		476,575
VirnetX Holding Corp. (I)(L)	10,897		208,895
Websense, Inc. (I)	9,894		148,410

			13,199,459

			56,860,558
Materials - 5.0%
Chemicals - 2.3%
A. Schulman, Inc.	7,634		240,929
ADA-ES, Inc. (I)	2,576		68,444
American Vanguard Corp.	7,211		220,224
Arabian American Development Company (I)	6,163		51,954
Axiall Corp.	17,533		1,089,851
Balchem Corp.	7,654		336,317
Calgon Carbon Corp. (I)(L)	14,811		268,079
Chemtura Corp. (I)	25,481		550,644
Ferro Corp. (I)	22,989		155,176
Flotek Industries, Inc. (I)(L)	12,886		210,686
FutureFuel Corp.	5,168		62,791
H.B. Fuller Company	12,774		499,208
Hawkins, Inc. (L)	2,453		97,997
Innophos Holdings, Inc.	5,664		309,028
Innospec, Inc.	6,015		266,344
KMG Chemicals, Inc.	2,323		45,159
Koppers Holdings, Inc.	5,328		234,325
Kraton Performance Polymers, Inc. (I)	8,396		196,466
Landec Corp. (I)	6,863		99,308
LSB Industries, Inc. (I)	4,896		170,283
Minerals Technologies, Inc.	9,083		377,035
Olin Corp.	20,554		518,372
OM Group, Inc. (I)	8,477		199,040
OMNOVA Solutions, Inc. (I)	12,494		95,829
PolyOne Corp.	25,812		630,071
Quaker Chemical Corp.	3,351		197,776
Rentech, Inc.	59,993		140,984
Sensient Technologies Corp.	12,826		501,368
Stepan Company	4,349		274,422
Tredegar Corp.	6,364		187,356
Zep, Inc.	5,923		88,904
Zoltek Companies, Inc. (I)(L)	7,671		91,668

			8,476,038
Construction Materials - 0.4%
Eagle Materials, Inc.	12,587		838,672
Headwaters, Inc. (I)	15,990		174,291
Texas Industries, Inc. (I)(L)	5,835		368,247

			1,381,210
Containers & Packaging - 0.2%
AEP Industries, Inc. (I)	1,121		80,499
Berry Plastics Group, Inc. (I)	7,732		147,295
Boise, Inc.	26,173		226,658
Graphic Packaging Holding Company (I)	38,210		286,193
Myers Industries, Inc.	8,792		122,736
UFP Technologies, Inc. (I)	1,560		30,716

			894,097
Metals & Mining - 1.3%
A. M. Castle & Company (I)(L)	4,380		76,650
AK Steel Holding Corp. (L)	35,845		118,647
AMCOL International Corp. (L)	6,597		199,163

272

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Metals & Mining (continued)
Century Aluminum Company (I)	13,408	$	103,778
Coeur d’Alene Mines Corp. (I)	23,154		436,684
General Moly, Inc. (I)	18,486		40,854
Globe Specialty Metals, Inc. (L)	15,953		222,066
Gold Reserve, Inc. (I)	15,084		42,235
Gold Resource Corp. (L)	7,753		101,022
Golden Minerals Company (I)(L)	9,081		21,613
Golden Star Resources, Ltd. (I)(L)	67,429		107,886
Haynes International, Inc.	3,222		178,177
Hecla Mining Company (L)	73,126		288,848
Horsehead Holding Corp. (I)	11,477		124,870
Kaiser Aluminum Corp.	5,001		323,315
Materion Corp. (L)	5,350		152,475
McEwen Mining, Inc. (I)(L)	55,538		158,839
Metals USA Holdings Corp.	2,937		60,649
Midway Gold Corp. (I)	35,525		43,341
Noranda Aluminum Holding Corp.	9,354		41,999
Olympic Steel, Inc. (L)	2,654		63,431
Paramount Gold and Silver Corp. (I)(L)	34,292		76,471
RTI International Metals, Inc. (I)(L)	7,904		250,478
Schnitzer Steel Industries, Inc., Class A (L)	6,675		177,956
Stillwater Mining Company (I)(L)	30,062		388,702
SunCoke Energy, Inc. (I)	18,123		295,949
U.S. Silica Holdings, Inc.	3,028		71,400
Universal Stainless & Alloy (I)	1,941		70,555
US Antimony Corp. (I)(L)	14,304		24,746
Vista Gold Corp. (I)(L)	15,421		33,309
Worthington Industries, Inc.	13,506		418,416

			4,714,524
Paper & Forest Products - 0.8%
Buckeye Technologies, Inc.	10,170		304,592
Clearwater Paper Corp. (I)	6,010		316,667
Deltic Timber Corp. (L)	2,777		190,835
KapStone Paper and Packaging Corp.	10,409		289,370
Louisiana-Pacific Corp. (I)	35,523		767,297
Neenah Paper, Inc.	4,161		127,992
P.H. Glatfelter Company	10,787		252,200
Resolute Forest Products (I)(L)	20,987		339,570
Schweitzer-Mauduit International, Inc.	7,909		306,316
Wausau Paper Corp. (L)	11,700		126,126

			3,020,965

			18,486,834
Telecommunication Services - 0.6%
Diversified Telecommunication Services - 0.5%
8x8, Inc. (I)(L)	18,501		126,732
Atlantic Tele-Network, Inc.	2,427		117,734
Cbeyond, Inc. (I)	6,938		51,549
Cincinnati Bell, Inc. (I)(L)	50,828		165,699
Cogent Communications Group, Inc.	12,218		322,555
Consolidated
Communications Holdings, Inc. (L)	10,155		178,220
Fairpoint Communications, Inc. (I)(L)	5,914		44,178
General Communication, Inc., Class A (I)	9,861		90,425
Hawaiian Telcom Holdco, Inc. (I)	2,857		65,911
HickoryTech Corp.	3,915		39,737
IDT Corp., Class B	4,361		52,594
inContact, Inc. (I)(L)	9,798		79,266
Iridium Communications, Inc. (I)	13,503		81,288
Lumos Networks Corp.	4,379		59,029
magicJack VocalTec, Ltd. (I)(L)	3,844		53,816
ORBCOMM, Inc. (I)	10,599		55,221


Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Diversified Telecommunication Services (continued)
Premiere Global Services, Inc. (I)	13,090	$	143,859
Primus Telecommunications Group, Inc. (L)	3,660		40,443
Towerstream Corp. (I)	13,605		30,339
Vonage Holdings Corp. (I)	40,903		118,210

			1,916,805
Wireless Telecommunication Services - 0.1%
Boingo Wireless, Inc. (I)	4,665		25,751
Leap Wireless International, Inc. (I)(L)	14,224		83,779
NTELOS Holdings Corp.	4,325		55,403
Shenandoah Telecommunications Company (L)	6,511		99,163
USA Mobility, Inc.	6,265		83,137

			347,233

			2,264,038
Utilities - 3.1%
Electric Utilities - 1.4%
ALLETE, Inc. (L)	9,858		483,239
Cleco Corp.	15,490		728,495
El Paso Electric Company	10,442		351,373
IDACORP, Inc.	12,774		616,601
MGE Energy, Inc.	5,779		320,388
Otter Tail Corp.	9,299		289,571
PNM Resources, Inc.	20,578		479,262
Portland General Electric Company	19,290		585,066
The Empire District Electric Company	11,369		254,666
UIL Holdings Corp. (L)	13,075		517,639
Unitil Corp.	3,990		112,239
UNS Energy Corp.	10,360		507,018

			5,245,557
Gas Utilities - 0.9%
Chesapeake Utilities Corp.	2,612		128,119
New Jersey Resources Corp.	10,642		477,294
Northwest Natural Gas Company (L)	6,888		301,832
Piedmont Natural Gas Company, Inc. (L)	18,408		605,255
South Jersey Industries, Inc.	7,814		434,380
Southwest Gas Corp.	11,729		556,658
The Laclede Group, Inc. (L)	5,901		251,973
WGL Holdings, Inc.	13,006		573,565

			3,329,076
Independent Power Producers & Energy Traders - 0.1%
Atlantic Power Corp.	29,230		144,104
Genie Energy, Ltd., B Shares	5,450		50,467
Ormat Technologies, Inc. (L)	4,882		100,813

			295,384
Multi-Utilities - 0.4%
Avista Corp.	15,230		417,302
Black Hills Corp.	11,366		500,559
CH Energy Group, Inc.	3,861		252,471
NorthWestern Corp.	9,417		375,362

			1,545,694
Water Utilities - 0.3%
American States Water Company (L)	4,700		270,579
Artesian Resources Corp., Class A	2,657		59,703
Cadiz, Inc. (I)(L)	4,489		30,346
California Water Service Group	10,423		207,418
Connecticut Water Service, Inc. (L)	3,123		91,285
Consolidated Water Company, Ltd.	5,301		52,480
Middlesex Water Company	4,059		79,232
SJW Corp. (L)	3,886		102,979

273

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Index Trust (continued)
		Shares or
		Principal
		Amount		Value

COMMON STOCKS (continued)
Water Utilities (continued)
York Water Company		4,400	$	82,720

				976,742

				11,392,453

TOTAL COMMON STOCKS (Cost $231,542,774)			$	345,245,398

INVESTMENT COMPANIES - 0.0%
Financials - 0.0%
Firsthand Technology Value Fund, Inc. (I)		2,468		47,608

TOTAL INVESTMENT COMPANIES (Cost $44,438)			$	47,608

WARRANTS - 0.0%
Magnum Hunter Resources (Expiration Date:
10/14/2013; Strike Price: $10.50) (I)(L)		3,128		407

TOTAL WARRANTS (Cost $0)			$	407

SECURITIES LENDING COLLATERAL - 24.4%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		8,912,716		89,204,697

TOTAL SECURITIES LENDING
COLLATERAL (Cost $89,199,209)			$	89,204,697

SHORT-TERM INVESTMENTS - 5.4%
Repurchase Agreement - 5.4%
Repurchase Agreement with State Street Corp.
dated 03/28/2013 at 0.010% to be
repurchased at $19,886,022 on 04/01/2013,
collateralized by $18,350,000 U.S. Treasury
Note, 2.750% due 02/28/2018 (valued at
$20,185,000, including interest)	$	19,886,000	$	19,886,000

TOTAL SHORT-TERM INVESTMENTS (Cost $19,886,000)			$	19,886,000

Total Investments (Small Cap Index Trust)
(Cost $340,672,421) - 124.0%			$	454,384,110
Other assets and liabilities, net - (24.0%)				(87,831,349)

TOTAL NET ASSETS - 100.0%			$	366,552,761


Small Cap Opportunities Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 99.2%
Consumer Discretionary - 13.0%
Auto Components - 1.1%
Cooper Tire & Rubber Company	843	$	21,631
Dana Holding Corp.	40,653		724,843
Exide Technologies (I)	8,927		24,103
Federal-Mogul Corp. (I)	5,140		30,994
Fuel Systems Solutions, Inc. (I)	778		12,814
Modine Manufacturing Company (I)	6,862		62,444
Motorcar Parts of America, Inc. (I)	2,433		14,914
Quantum Fuel Systems
Technologies Worldwide, Inc. (I)	163		101
Shiloh Industries, Inc.	1,515		16,317
Spartan Motors, Inc.	7,540		40,037
Standard Motor Products, Inc.	3,972		110,104
Superior Industries International, Inc.	4,944		92,354


Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Auto Components (continued)
TRW Automotive Holdings Corp. (I)	13,237	$	728,035

			1,878,691
Automobiles - 0.5%
Thor Industries, Inc. (L)	20,810		765,600
Distributors - 0.1%
Core-Mark Holding Company, Inc.	1,976		101,389
VOXX International Corp. (I)	1,834		19,642
Weyco Group, Inc.	506		12,402

			133,433
Diversified Consumer Services - 0.3%
Ascent Capital Group, Inc., Class A (I)	3,168		235,826
Carriage Services, Inc.	1,797		38,186
Corinthian Colleges, Inc. (I)(L)	1,851		3,887
Education Management Corp. (I)	372		1,365
Lincoln Educational Services Corp.	1,100		6,446
Mac-Gray Corp.	1,524		19,507
Matthews International Corp., Class A (L)	407		14,200
Regis Corp. (L)	8,945		162,710
Steiner Leisure, Ltd. (I)	300		14,508
Stewart Enterprises, Inc., Class A (L)	723		6,717

			503,352
Hotels, Restaurants & Leisure - 2.5%
Ambassadors Group, Inc.	202		871
Ark Restaurants Corp.	64		1,341
Bally Technologies, Inc. (I)(L)	11,599		602,800
Biglari Holdings, Inc. (I)	314		117,182
Bluegreen Corp. (I)	7,150		70,356
Bob Evans Farms, Inc.	4,378		186,590
Boyd Gaming Corp. (I)(L)	12,417		102,689
Canterbury Park Holding Corp.	200		2,008
Carrols Restaurant Group, Inc. (I)	4,349		22,571
Churchill Downs, Inc.	2,448		171,458
DineEquity, Inc.	13,379		920,341
Dover Downs Gaming & Entertainment, Inc.	2,170		4,514
Dover Motorsports, Inc.	400		800
Frisch’s Restaurants, Inc.	257		4,611
Full House Resorts, Inc. (I)	2,390		6,692
Gaming Partners International Corp.	800		6,888
International Speedway Corp., Class A	4,386		143,334
Isle of Capri Casinos, Inc. (I)	6,889		43,332
Luby’s, Inc. (I)	6,251		46,757
Marcus Corp.	3,816		47,662
Marriott Vacations Worldwide Corp. (I)	348		14,933
Monarch Casino & Resort, Inc. (I)	1,278		12,435
MTR Gaming Group, Inc. (I)	4,193		13,837
Orient-Express Hotels, Ltd., Class A (I)	12,313		121,406
Papa John’s International, Inc. (I)	12,821		792,594
Red Lion Hotels Corp. (I)	3,000		21,330
Red Robin Gourmet Burgers, Inc. (I)(L)	4,000		182,400
Rick’s Cabaret International, Inc. (I)	2,439		21,561
Ruby Tuesday, Inc. (I)	9,400		69,278
Speedway Motorsports, Inc.	7,031		126,488
The Wendy’s Company (L)	40,088		227,299
WMS Industries, Inc. (I)	786		19,815

			4,126,173
Household Durables - 1.9%
Bassett Furniture Industries, Inc.	2,333		37,235
Beazer Homes USA, Inc. (I)(L)	2,700		42,768
Cavco Industries, Inc. (I)	606		28,827
CSS Industries, Inc.	976		25,347

274

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Household Durables (continued)
Emerson Radio Corp. (I)	4,869	$	8,034
Flexsteel Industries, Inc.	355		8,783
Furniture Brands International, Inc. (I)(L)	9,800		9,800
Helen of Troy, Ltd. (I)	4,013		153,939
Hooker Furniture Corp. (L)	2,555		40,727
Jarden Corp. (I)(L)	3,048		130,607
Kid Brands, Inc. (I)	3,500		5,425
La-Z-Boy, Inc.	54,842		1,034,869
Lennar Corp., Class B	1,969		63,520
Lifetime Brands, Inc.	2,000		22,820
M/I Homes, Inc. (I)(L)	3,580		87,531
MDC Holdings, Inc.	1,526		55,928
Meritage Homes Corp. (I)	17,612		825,298
Mohawk Industries, Inc. (I)	4,400		497,728
NACCO Industries, Inc., Class A	1,100		58,696
Skyline Corp. (I)	1,252		7,474
Stanley Furniture Company, Inc. (I)	2,340		10,390
The Ryland Group, Inc. (L)	1,159		48,238
Universal Electronics, Inc. (I)	237		5,510

			3,209,494
Internet & Catalog Retail - 0.1%
1-800-Flowers.com, Inc., Class A (I)	4,819		23,950
dELiA*s, Inc. (I)	5,085		5,036
Gaiam, Inc., Class A (I)	3,676		15,439
Shutterfly, Inc. (I)	676		29,859

			74,284
Leisure Equipment & Products - 0.1%
Callaway Golf Company	11,857		78,493
JAKKS Pacific, Inc. (L)	2,278		23,896
Johnson Outdoors, Inc., Class A (I)	200		4,768
Steinway Musical Instruments, Inc. (I)	3,066		73,645

			180,802
Media - 1.3%
AH Belo Corp., Class A	4,238		24,750
Ballantyne Strong, Inc. (I)	1,114		4,712
Beasley Broadcasting Group, Inc., Class A	502		2,962
Belo Corp., Class A	689		6,773
Digital Generation, Inc. (I)(L)	1,400		9,002
DreamWorks Animation
SKG, Inc., Class A (I)(L)	2,595		49,201
Entercom
Communications Corp., Class A (I)(L)	882		6,562
Fisher Communications, Inc.	1,962		76,989
Gray Television, Inc. (I)	10,200		47,838
Harte-Hanks, Inc.	2,183		17,006
Journal Communications, Inc., Class A (I)	8,698		58,451
Lee Enterprises, Inc. (I)	1,225		1,556
Live Nation Entertainment, Inc. (I)(L)	10,239		126,656
Martha Stewart Living
Omnimedia, Inc., Class A (I)	2,100		5,544
Media General, Inc., Class A (I)	4,268		25,352
Meredith Corp. (L)	2,100		80,346
Navarre Corp. (I)	4,100		9,307
Outdoor Channel Holdings, Inc.	1,482		13,219
Radio One, Inc., Class D (I)	2,400		4,056
Salem Communications Corp., Class A	2,700		21,411
Scholastic Corp. (L)	1,457		38,829
The EW Scripps Company, Class A (I)	6,715		80,781
The Interpublic Group of Companies, Inc.	68,455		891,969
The Madison Square Garden, Inc., Class A (I)	3,612		208,051
The McClatchy Company, Class A (I)(L)	11,095		32,176


Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Media (continued)
The Washington Post Company, Class B	694	$	310,218
Valassis Communications, Inc. (L)	503		15,025

			2,168,742
Multiline Retail - 0.5%
Dillard’s, Inc., Class A (L)	7,729		607,113
Fred’s, Inc., Class A (L)	6,647		90,931
Saks, Inc. (I)(L)	15,182		174,138
The Bon-Ton Stores, Inc.	306		3,978
Tuesday Morning Corp. (I)	3,900		30,264

			906,424
Specialty Retail - 3.6%
America’s Car-Mart, Inc. (I)	1,246		58,238
Barnes & Noble, Inc. (I)(L)	9,769		160,700
bebe stores, Inc.	86,847		362,152
Big 5 Sporting Goods Corp.	1,104		17,233
Books-A-Million, Inc. (I)(L)	3,850		10,934
Brown Shoe Company, Inc. (L)	7,015		112,240
Build-A-Bear Workshop, Inc. (I)	3,889		20,962
Cabela’s, Inc. (I)(L)	2,028		123,262
Cache, Inc. (I)	2,727		11,508
Christopher & Banks Corp. (I)	6,438		41,396
Citi Trends, Inc. (I)	337		3,448
Conn’s, Inc. (I)(L)	7,967		286,015
Destination XL Group, Inc. (I)	4,708		23,964
GameStop Corp., Class A (L)	14,100		394,377
Genesco, Inc. (I)	1,272		76,434
GNC Holdings, Inc., Class A	18,390		722,359
Group 1 Automotive, Inc. (L)	3,464		208,082
Haverty Furniture Companies, Inc.	3,990		82,034
hhgregg, Inc. (I)	2,951		32,609
Lithia Motors, Inc., Class A	5,007		237,732
MarineMax, Inc. (I)(L)	4,789		65,083
New York & Company, Inc. (I)	9,738		39,828
Office Depot, Inc. (I)	16,863		66,272
OfficeMax, Inc.	10,476		121,626
Pacific Sunwear of California, Inc. (I)(L)	12,800		26,752
Penske Automotive Group, Inc. (L)	24,913		831,098
Perfumania Holdings, Inc. (I)	848		4,884
Pier 1 Imports, Inc. (L)	35,705		821,215
RadioShack Corp. (L)	7,908		26,571
Rent-A-Center, Inc.	7,599		280,707
Shoe Carnival, Inc.	3,229		66,001
Stage Stores, Inc.	5,877		152,097
Stein Mart, Inc.	4,251		35,623
Systemax, Inc.	1,683		16,662
The Men’s Wearhouse, Inc.	7,100		237,282
The Pep Boys - Manny, Moe & Jack (I)(L)	8,900		104,931
The Wet Seal, Inc., Class A (I)	5,693		17,193
West Marine, Inc. (I)	4,205		48,063
Zale Corp. (I)	5,800		22,794

			5,970,361
Textiles, Apparel & Luxury Goods - 1.0%
Charles & Colvard, Ltd. (I)	343		1,334
Culp, Inc.	230		3,659
Delta Apparel, Inc. (I)	500		8,235
G-III Apparel Group, Ltd. (I)(L)	1,800		72,198
Iconix Brand Group, Inc. (I)(L)	8,941		231,304
K-Swiss, Inc., Class A (I)	4,879		23,126
Lakeland Industries, Inc. (I)	1,110		3,963
Maidenform Brands, Inc. (I)	579		10,150
Movado Group, Inc.	3,138		105,186

275

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Textiles, Apparel & Luxury Goods (continued)
Perry Ellis International, Inc. (L)	2,800	$	50,932
PVH Corp.	6,517		696,081
Quiksilver, Inc. (I)	24,200		146,894
RG Barry Corp.	537		7,190
Rocky Brands, Inc. (I)	1,478		20,116
Skechers U.S.A., Inc., Class A (I)	4,166		88,111
Tandy Brands Accessories, Inc. (I)	300		150
The Jones Group, Inc. (L)	12,700		161,544
Unifi, Inc. (I)	3,647		69,658

			1,699,831

			21,617,187
Consumer Staples - 3.2%
Beverages - 0.3%
Central European Distribution Corp. (I)(L)	6,619		2,217
Constellation Brands, Inc., Class A (I)	9,374		446,577
Craft Brewers Alliance, Inc. (I)	2,909		21,643
MGP Ingredients, Inc.	2,764		12,106

			482,543
Food & Staples Retailing - 0.7%
Ingles Markets, Inc., Class A	2,425		52,089
Nash Finch Company	2,050		40,139
Spartan Stores, Inc.	3,767		66,111
Susser Holdings Corp. (I)(L)	3,144		160,690
The Andersons, Inc. (L)	2,523		135,031
The Pantry, Inc. (I)	3,699		46,127
United Natural Foods, Inc. (I)	12,397		609,932
Village Super Market, Inc., Class A	244		8,220
Weis Markets, Inc. (L)	2,432		98,982

			1,217,321
Food Products - 1.5%
Alico, Inc. (L)	341		15,771
Boulder Brands, Inc. (I)(L)	9,489		85,211
Cal-Maine Foods, Inc.	600		25,536
Chiquita Brands International, Inc. (I)	7,667		59,496
Diamond Foods, Inc. (I)(L)	800		13,488
Dole Food Company, Inc. (I)(L)	12,705		138,485
Farmer Brothers Company (I)	1,033		15,185
Fresh Del Monte Produce, Inc.	9,412		253,936
Griffin Land & Nurseries, Inc.	99		2,975
Omega Protein Corp. (I)	4,487		48,235
Pilgrim’s Pride Corp. (I)(L)	1,084		9,962
Post Holdings, Inc. (I)	3,589		154,076
Seaboard Corp.	58		162,399
Seneca Foods Corp., Class A (I)	1,409		46,525
Smithfield Foods, Inc. (I)	21,963		581,580
Snyders-Lance, Inc.	1,477		37,309
The Hain Celestial Group, Inc. (I)(L)	4,187		255,742
Tootsie Roll Industries, Inc. (L)	134		4,005
TreeHouse Foods, Inc. (I)	10,080		656,712

			2,566,628
Household Products - 0.3%
Central Garden & Pet Company (I)	2,553		22,007
Central Garden & Pet Company, Class A (I)	6,081		49,986
Oil-Dri Corp. of America	531		14,459
Orchids Paper Products Company	712		16,611
Spectrum Brands Holdings, Inc.	7,513		425,161

			528,224
Personal Products - 0.2%
CCA Industries, Inc.	1,277		5,108


Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Personal Products (continued)
Inter Parfums, Inc.	1,132	$	27,655
Mannatech, Inc. (I)	276		1,766
Natural Alternatives International, Inc. (I)	200		970
Nutraceutical International Corp.	2,093		36,314
Prestige Brands Holdings, Inc. (I)	9,235		237,247

			309,060
Tobacco - 0.2%
Alliance One International, Inc. (I)(L)	14,184		55,176
Universal Corp. (L)	3,597		201,576

			256,752

			5,360,528
Energy - 8.7%
Energy Equipment & Services - 4.9%
Basic Energy Services, Inc. (I)(L)	8,104		110,782
Bolt Technology Corp.	1,328		23,187
Bristow Group, Inc.	5,929		390,958
Cal Dive International, Inc. (I)(L)	12,162		21,892
Dawson Geophysical Company (I)	1,653		49,590
Dresser-Rand Group, Inc. (I)(L)	12,897		795,229
ENGlobal Corp. (I)	4,600		2,714
Era Group, Inc. (I)	2,593		54,453
Exterran Holdings, Inc. (I)	8,722		235,494
Global Geophysical Services, Inc. (I)	4,342		10,638
Gulf Island Fabrication, Inc.	3,019		63,580
Gulfmark Offshore, Inc., Class A	4,500		175,320
Heckmann Corp. (I)(L)	378		1,622
Helix Energy Solutions Group, Inc. (I)	52,006		1,189,897
Hercules Offshore, Inc. (I)	20,985		155,709
Hornbeck Offshore Services, Inc. (I)(L)	5,300		246,238
Key Energy Services, Inc. (I)	4,235		34,219
Lufkin Industries, Inc. (L)	7,573		502,771
Matrix Service Company (I)	1,690		25,181
Mitcham Industries, Inc. (I)	2,431		41,133
Nabors Industries, Ltd.	13,964		226,496
Natural Gas Services Group, Inc. (I)	2,620		50,461
Newpark Resources, Inc. (I)(L)	12,359		114,692
Oceaneering International, Inc.	13,644		906,098
Oil States International, Inc. (I)	9,185		749,220
Parker Drilling Company (I)	18,847		80,665
Patterson-UTI Energy, Inc. (L)	13,905		331,495
PHI, Inc. (I)	3,660		125,209
Pioneer Energy Services Corp. (I)	13,400		110,550
Rowan Companies PLC, Class A (I)	12,819		453,280
SEACOR Holdings, Inc. (L)	2,593		191,052
Tesco Corp. (I)	105		1,406
TETRA Technologies, Inc. (I)	11,674		119,775
TGC Industries, Inc.	2,434		24,097
Tidewater, Inc. (L)	5,564		280,982
Unit Corp. (I)	4,557		207,571
Willbros Group, Inc. (I)	5,700		55,974

			8,159,630
Oil, Gas & Consumable Fuels - 3.8%
Alon USA Energy, Inc.	7,477		142,437
Approach Resources, Inc. (I)(L)	366		9,007
Bill Barrett Corp. (I)(L)	4,721		95,695
BPZ Resources, Inc. (I)	9,922		22,523
Callon Petroleum Company (I)	145		537
Clayton Williams Energy, Inc. (I)(L)	538		23,527
Cloud Peak Energy, Inc. (I)(L)	3,741		70,256
Comstock Resources, Inc. (I)	5,875		95,469
Contango Oil & Gas Company (L)	854		34,237

276

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels (continued)
Crimson Exploration, Inc. (I)	4,217	$	12,061
CVR Energy, Inc.	12,800		0
Delek US Holdings, Inc.	9,835		388,089
DHT Holdings, Inc.	1,653		7,901
Double Eagle Petroleum Company (I)	2,117		11,347
Endeavour International Corp. (I)(L)	2,157		6,363
Energen Corp.	12,325		641,023
EPL Oil & Gas, Inc. (I)	9,082		243,488
Green Plains Renewable Energy, Inc. (I)(L)	7,544		86,303
Harvest Natural Resources, Inc. (I)(L)	5,978		20,983
Magnum Hunter Resources Corp. (I)	916		3,673
Miller Energy Resources, Inc. (I)	13		48
Newfield Exploration Company (I)	4,847		108,670
Overseas Shipholding Group, Inc. (I)	4,700		15,510
PDC Energy, Inc. (I)(L)	3,720		184,400
Penn Virginia Corp. (L)	7,585		30,643
Plains Exploration & Production Company (I)	3,519		167,047
QEP Resources, Inc.	2,172		69,156
Rex Energy Corp. (I)	1,561		25,725
Rosetta Resources, Inc. (I)	15,913		757,141
SemGroup Corp., Class A (I)	157		8,120
Ship Finance International, Ltd.	1,300		22,932
Stone Energy Corp. (I)(L)	1,923		41,825
Swift Energy Company (I)(L)	4,494		66,556
Targa Resources Corp.	13,601		924,324
Tesoro Corp.	20,200		1,182,710
Triangle Petroleum Corp. (I)(L)	2,529		16,691
USEC, Inc. (I)(L)	18,439		6,824
Vaalco Energy, Inc. (I)(L)	4,702		35,688
Warren Resources, Inc. (I)	3,681		11,816
Western Refining, Inc. (L)	20,442		723,851

			6,314,596

			14,474,226
Financials - 23.1%
Capital Markets - 2.3%
Affiliated Managers Group, Inc. (I)	5,253		806,703
American Capital, Ltd. (I)	55,500		810,023
Artisan Partners Asset Management, Inc. (I)	4,439		175,119
Calamos Asset Management, Inc., Class A	1,184		13,936
Capital Southwest Corp.	848		97,520
Cowen Group, Inc., Class A (I)	2,044		5,764
E*TRADE Financial Corp. (I)	22,497		240,943
Evercore Partners, Inc., Class A	19,479		810,326
FirstCity Financial Corp. (I)	2,100		20,622
GFI Group, Inc.	8,390		28,023
Harris & Harris Group, Inc. (I)	5,338		19,217
ICG Group, Inc. (I)	128		1,597
INTL. FCStone, Inc. (I)(L)	258		4,492
Investment Technology Group, Inc. (I)	2,461		27,169
Janus Capital Group, Inc. (L)	10,518		98,869
JMP Group, Inc.	3,000		20,730
Knight Capital Group, Inc., Class A (I)	8,089		30,091
Legg Mason, Inc. (L)	11,318		363,874
MCG Capital Corp. (L)	14,059		67,202
Medallion Financial Corp.	2,675		35,364
Oppenheimer Holdings, Inc., Class A	488		9,501
Piper Jaffray Companies (I)(L)	800		27,440
Safeguard Scientifics, Inc. (I)(L)	2,397		37,873
Stifel Financial Corp. (I)	253		8,775
SWS Group, Inc. (I)	6,700		40,535

			3,801,708


Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Banks - 7.8%
1st Source Corp.	3,630	$	86,031
1st United Bancorp, Inc.	1,425		9,206
Access National Corp.	359		5,888
American National Bankshares, Inc.	543		11,707
Ameris Bancorp (I)(L)	3,287		47,168
Associated Banc-Corp.	13,535		205,597
Bancfirst Corp.	500		20,850
Bank of Kentucky Financial Corp.	89		2,441
Banner Corp.	2,172		69,135
Bar Harbor Bankshares	236		8,626
BBCN Bancorp, Inc.	8,868		115,816
BCB Bancorp, Inc.	221		2,256
Boston Private Financial Holdings, Inc. (L)	82,859		818,647
Bridge Bancorp, Inc.	87		1,871
Bryn Mawr Bank Corp.	774		18,019
C&F Financial Corp.	63		2,580
Camden National Corp.	601		19,881
Capital City Bank Group, Inc. (I)(L)	3,946		48,733
CapitalSource, Inc.	5,939		57,133
Cardinal Financial Corp.	2,133		38,778
Cathay General Bancorp	9,018		181,442
Center Bancorp, Inc. (L)	2,875		35,736
Centerstate Banks, Inc.	1,287		11,042
Century Bancorp, Inc., Class A	158		5,358
Chemical Financial Corp.	3,570		94,177
City Holding Company	935		37,204
CNB Financial Corp.	244		4,160
CoBiz Financial, Inc.	5,646		45,620
Columbia Banking System, Inc. (L)	4,112		90,382
Community Bank Systems, Inc. (L)	1,500		44,445
Community Trust Bancorp, Inc.	1,441		49,037
CVB Financial Corp. (L)	64,093		722,328
East West Bancorp, Inc.	32,268		828,320
Enterprise Bancorp, Inc.	236		4,000
Enterprise Financial Services Corp.	2,969		42,575
Fidelity Southern Corp. (I)	1,639		18,851
Financial Institutions, Inc.	1,481		29,561
First Bancorp North Carolina	3,559		48,011
First Bancorp, Inc. Maine	652		11,743
First Busey Corp.	4,697		21,465
First California Financial Group, Inc. (I)	324		2,760
First Commonwealth Financial Corp.	15,940		118,912
First Community Bancshares, Inc.	1,888		29,925
First Financial Bancorp	900		14,445
First Financial Corp.	1,220		38,418
First Financial Holdings, Inc.	3,484		73,025
First Interstate Bancsystem, Inc.	578		10,872
First Merchants Corp.	4,679		72,384
First Midwest Bancorp, Inc.	7,500		99,600
First South Bancorp, Inc. (I)	1,628		10,647
FNB Corp.	62,850		760,485
German American Bancorp, Inc.	509		11,712
Glacier Bancorp, Inc.	724		13,742
Great Southern Bancorp, Inc.	1,037		25,292
Hanmi Financial Corp. (I)	1,473		23,568
Heartland Financial USA, Inc.	1,235		31,208
Heritage Commerce Corp. (I)	2,996		20,163
Heritage Financial Corp.	378		5,481
Horizon Bancorp	321		6,487
Hudson Valley Holding Corp.	677		10,094
Iberiabank Corp.	930		46,519
Independent Bank Corp. - Massachusetts (L)	2,831		92,262
Independent Bank Corp. - Michigan (I)	206		1,743

277

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Banks (continued)
International Bancshares Corp.	8,607	$	179,026
Intervest Bancshares Corp., Class A (I)	1,311		7,709
Lakeland Bancorp, Inc.	3,795		37,381
Lakeland Financial Corp.	1,562		41,690
Macatawa Bank Corp. (I)	8,394		45,412
MainSource Financial Group, Inc.	4,125		57,915
MB Financial, Inc.	8,647		208,998
MBT Financial Corp. (I)	3,023		11,790
Mercantile Bank Corp.	1,266		21,155
Merchants Bancshares, Inc.	462		13,922
Metro Bancorp, Inc. (I)	709		11,727
MetroCorp Bancshares, Inc. (I)	722		7,285
MidSouth Bancorp, Inc.	729		11,854
National Penn Bancshares, Inc. (L)	20,821		222,576
NBT Bancorp, Inc.	1,344		29,764
NewBridge Bancorp (I)	1,494		8,800
North Valley Bancorp (I)	244		4,319
Northrim BanCorp, Inc.	311		6,988
Old National Bancorp	4,412		60,665
Old Second Bancorp, Inc. (I)	2,721		8,653
OmniAmerican Bancorp, Inc. (I)	1,342		33,926
Oriental Financial Group, Inc. (L)	6,515		101,048
Pacific Continental Corp.	424		4,736
Pacific Mercantile Bancorp (I)	2,510		14,684
Pacific Premier Bancorp, Inc. (I)	676		8,889
Park Sterling Corp. (I)	3,146		17,743
Peapack Gladstone Financial Corp.	586		8,737
Peoples Bancorp, Inc.	2,153		48,206
Pinnacle Financial Partners, Inc. (I)(L)	6,152		143,711
Popular, Inc. (I)	8,132		224,525
Preferred Bank (I)	220		3,472
Renasant Corp. (L)	4,209		94,197
Republic Bancorp, Inc., Class A (L)	940		21,282
S&T Bancorp, Inc.	2,124		39,379
Sandy Spring Bancorp, Inc.	3,480		69,948
Seacoast Banking Corp. of Florida (I)	1,900		3,971
Sierra Bancorp	1,489		19,580
Simmons First National Corp., Class A	1,196		30,283
Somerset Hills Bancorp	315		3,654
Southern Community Financial Corp. (I)	3,274		720
Southside Bancshares, Inc. (L)	1,313		27,586
Southwest Bancorp, Inc. (I)	4,604		57,826
StellarOne Corp.	4,142		66,893
Sterling Bancorp	2,183		22,179
Sun Bancorp, Inc. (I)(L)	4,742		16,170
Susquehanna Bancshares, Inc.	86,731		1,078,066
Taylor Capital Group, Inc. (I)(L)	1,999		31,964
Texas Capital Bancshares, Inc. (I)	15,423		623,860
The Bancorp, Inc. (I)	4,862		67,339
Tompkins Financial Corp. (L)	334		14,122
TowneBank (L)	2,772		41,497
Trico Bancshares	800		13,680
Trustmark Corp.	2,967		74,211
UMB Financial Corp. (L)	480		23,554
Umpqua Holdings Corp. (L)	13,795		182,922
Union First Market Bankshares Corp.	3,234		63,257
Univest Corp. of Pennsylvania	1,571		27,367
Virginia Commerce Bancorp, Inc. (I)	5,893		82,797
Washington Banking Company	2,041		28,452
Washington Trust Bancorp, Inc.	2,598		71,133
Webster Financial Corp.	34,270		831,390
WesBanco, Inc.	4,870		116,637
West Bancorp, Inc.	486		5,395


Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Banks (continued)
West Coast Bancorp	1,945	$	47,225
Western Alliance Bancorp (I)(L)	10,494		145,237
Wilshire Bancorp, Inc. (I)	3,502		23,744
Wintrust Financial Corp. (L)	24,871		921,222
Yadkin Valley Financial Corp. (I)	3,532		14,163
Zions Bancorporation (L)	41,275		1,031,462

			13,077,234
Consumer Finance - 0.3%
Asset Acceptance Capital Corp. (I)	4,739		31,941
Asta Funding, Inc.	2,925		28,080
Cash America International, Inc. (L)	3,600		188,892
Green Dot Corp., Class A (I)	2,561		42,794
Nelnet, Inc., Class A	4,156		140,473
Nicholas Financial, Inc.	75		1,103
The First Marblehead Corp. (I)(L)	8,341		8,424

			441,707
Diversified Financial Services - 0.6%
Marlin Business Services Corp.	1,698		39,377
MicroFinancial, Inc.	1,154		9,728
NewStar Financial, Inc. (I)(L)	11,166		147,726
PHH Corp. (I)(L)	8,966		196,893
PICO Holdings, Inc. (I)	1,320		29,304
Resource America, Inc., Class A	3,450		34,362
The NASDAQ OMX Group, Inc.	18,187		587,440

			1,044,830
Insurance - 7.9%
Allied World Assurance Company Holdings AG	4,400		407,968
Alterra Capital Holdings, Ltd.	10,867		342,311
American Equity Investment Life
Holding Company (L)	6,378		94,968
American Financial Group, Inc.	31,362		1,485,913
American National Insurance Company	2,350		204,145
American Safety Insurance Holdings, Ltd. (I)	2,154		53,764
AMERISAFE, Inc.	2,300		81,742
Argo Group International Holdings, Ltd.	4,643		192,127
Arthur J. Gallagher & Company	21,250		877,838
Aspen Insurance Holdings, Ltd.	11,100		428,238
Assurant, Inc.	10,606		477,376
Assured Guaranty, Ltd.	19,657		405,131
Axis Capital Holdings, Ltd.	11,512		479,129
CNO Financial Group, Inc.	40,256		460,931
Donegal Group, Inc., Class A	3,550		54,209
Eastern Insurance Holdings, Inc.	2,342		43,936
EMC Insurance Group, Inc.	1,920		50,554
Employers Holdings, Inc.	1,400		32,830
Endurance Specialty Holdings, Ltd.	6,600		315,546
Enstar Group, Ltd. (I)	1,114		138,459
FBL Financial Group, Inc., Class A	4,766		185,207
Federated National Holding Company	1,090		8,295
First Acceptance Corp. (I)	7,986		10,781
First American Financial Corp.	1,300		33,241
Genworth Financial, Inc., Class A (I)	10,893		108,930
Global Indemnity PLC (I)	2,945		68,324
Greenlight Capital Re, Ltd., Class A (I)(L)	1,300		31,785
Hallmark Financial Services, Inc. (I)	4,008		36,072
Hilltop Holdings, Inc. (I)	10,034		135,359
Horace Mann Educators Corp.	6,694		139,570
Independence Holding Company	3,958		40,292
Investors Title Company	100		6,907
Kemper Corp.	9,673		315,437
Maiden Holdings, Ltd.	5,125		54,274

278

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Insurance (continued)
Markel Corp. (I)(L)	1,492	$	751,222
MBIA, Inc. (I)	15,149		155,580
Meadowbrook Insurance Group, Inc. (L)	8,411		59,298
Montpelier Re Holdings, Ltd.	10,711		279,022
National Financial Partners Corp. (I)(L)	3,920		87,926
National Interstate Corp.	944		28,301
National Western Life Insurance
Company, Class A	88		15,488
Old Republic International Corp.	16,351		207,821
OneBeacon Insurance Group, Ltd., Class A	2,200		29,744
PartnerRe, Ltd. (L)	5,314		494,787
Platinum Underwriters Holdings, Ltd.	5,800		323,698
Primerica, Inc.	140		4,589
Protective Life Corp.	5,969		213,690
Reinsurance Group of America, Inc.	9,576		571,400
RLI Corp.	248		17,819
Safety Insurance Group, Inc.	1,810		88,962
Selective Insurance Group, Inc. (L)	5,508		132,247
StanCorp Financial Group, Inc. (L)	5,033		215,211
State Auto Financial Corp. (L)	4,187		72,938
Stewart Information Services Corp. (L)	3,766		95,920
Symetra Financial Corp.	2,198		29,475
The Hanover Insurance Group, Inc.	5,700		283,176
The Navigators Group, Inc. (I)	2,206		129,603
The Phoenix Companies, Inc. (I)(L)	1,081		33,262
Tower Group International, Ltd. (L)	6,136		113,215
United Fire Group, Inc.	2,908		74,067
Universal Insurance Holdings, Inc.	3,586		17,392
Validus Holdings, Ltd.	800		29,896
W.R. Berkley Corp.	18,939		840,323

			13,197,661
Real Estate Investment Trusts - 2.3%
DCT Industrial Trust, Inc. (L)	108,900		805,860
Douglas Emmett, Inc.	30,300		755,379
LaSalle Hotel Properties	29,191		740,868
Lexington Realty Trust (L)	72,900		860,220
Mid-America Apartment Communities, Inc.	5,500		379,830
Ryman Hospitality Properties (L)	6,088		278,526

			3,820,683
Real Estate Management & Development - 0.7%
Alexander & Baldwin, Inc. (I)	6,896		246,532
AV Homes, Inc. (I)	2,398		31,965
Consolidated-Tomoka Land Company	500		19,625
Forestar Group, Inc. (I)(L)	1,413		30,888
Jones Lang LaSalle, Inc.	8,978		892,503
Thomas Properties Group, Inc.	4,109		21,079
ZipRealty, Inc. (I)	900		3,285

			1,245,877
Thrifts & Mortgage Finance - 1.2%
Astoria Financial Corp. (L)	10,461		103,145
Atlantic Coast Financial Corp. (I)	105		483
Bank Mutual Corp.	4,606		25,471
BankFinancial Corp.	4,835		39,115
BBX Capital Corp., Class A (I)	879		7,252
Beneficial Mutual Bancorp, Inc. (I)	1,544		15,903
Berkshire Hills Bancorp, Inc.	3,823		97,639
BofI Holding, Inc. (I)	2,469		88,588
Brookline Bancorp, Inc.	2,864		26,177
Cape Bancorp, Inc.	551		5,047
Dime Community Bancshares, Inc.	2,864		41,127
Doral Financial Corp. (I)	5,700		4,017


Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Thrifts & Mortgage Finance (continued)
ESB Financial Corp.	453	$	6,202
ESSA Bancorp, Inc.	2,461		26,677
Federal Agricultural Mortgage Corp., Class C	1,713		52,743
First Defiance Financial Corp.	1,620		37,778
First Financial Northwest, Inc. (I)	2,425		18,939
Flushing Financial Corp.	4,247		71,944
Fox Chase Bancorp, Inc.	362		6,114
Franklin Financial Corp.	93		1,697
Hampden Bancorp, Inc.	1,142		17,598
HF Financial Corp.	155		2,125
Hingham Institution for Savings	82		5,715
Home Bancorp, Inc. (I)	527		9,807
Home Federal Bancorp, Inc.	2,355		30,144
Hopfed Bancorp, Inc.	416		4,468
Hudson City Bancorp, Inc.	10,866		93,882
Louisiana Bancorp, Inc. (I)	100		1,743
Meridian Interstate Bancorp, Inc. (I)	2,279		42,731
MGIC Investment Corp. (I)(L)	23,698		117,305
Northeast Community Bancorp, Inc.	1,932		10,529
Northfield Bancorp, Inc.	3,019		34,296
OceanFirst Financial Corp.	1,700		24,514
People’s United Financial, Inc.	20,529		275,910
Provident Financial Holdings, Inc.	1,778		30,244
Provident Financial Services, Inc.	4,245		64,821
Provident New York Bancorp	1,015		9,206
Pulaski Financial Corp.	245		2,590
Radian Group, Inc.	18,184		194,751
Riverview Bancorp, Inc. (I)	882		2,328
Rockville Financial, Inc.	1,399		18,131
Roma Financial Corp.	100		1,606
Simplicity Bancorp, Inc.	1,732		26,032
Teche Holding Company	71		2,929
Territorial Bancorp, Inc.	405		9,631
TierOne Corp. (I)	2,328		1
Tree.com, Inc.	1,370		25,331
TrustCo Bank Corp.	3,637		20,294
United Financial Bancorp, Inc.	2,005		30,476
ViewPoint Financial Group	2,600		52,286
Walker & Dunlop, Inc. (I)	160		2,875
Washington Federal, Inc.	6,150		107,625
Waterstone Financial, Inc. (I)	2,000		16,540
Westfield Financial, Inc.	4,152		32,303

			1,996,825

			38,626,525
Health Care - 9.1%
Biotechnology - 0.5%
Astex Pharmaceuticals (I)	6,662		29,713
Celldex Therapeutics, Inc. (I)(L)	5,264		60,957
Cubist Pharmaceuticals, Inc. (I)	15,272		715,035
Infinity Pharmaceuticals, Inc. (I)	306		14,832
Maxygen, Inc.	5,405		13,026
MediciNova, Inc. (I)	1,406		3,768
Repligen Corp. (I)(L)	1,386		9,577

			846,908
Health Care Equipment & Supplies - 2.7%
Alere, Inc. (I)	12,975		331,252
Alphatec Holdings, Inc. (I)	8,403		17,730
Analogic Corp. (L)	600		47,412
AngioDynamics, Inc. (I)	4,195		47,949
Anika Therapeutics, Inc. (I)	3,350		48,642
CONMED Corp. (L)	3,500		119,210

279

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Health Care Equipment & Supplies (continued)
CryoLife, Inc.	1,800	$	10,818
Cutera, Inc. (I)	2,853		37,089
Cynosure, Inc., Class A (I)	689		18,031
Digirad Corp. (I)	3,100		7,812
Exactech, Inc. (I)	1,003		20,752
Greatbatch, Inc. (I)	3,939		117,658
Haemonetics Corp. (I)(L)	19,369		806,913
Invacare Corp. (L)	4,327		56,467
Kewaunee Scientific Corp.	83		1,063
LeMaitre Vascular, Inc.	1,115		6,802
Medical Action Industries, Inc. (I)	1,293		7,758
Misonix, Inc. (I)	500		2,860
Natus Medical, Inc. (I)	2,910		39,110
Palomar Medical Technologies, Inc. (I)	1,177		15,878
Rochester Medical Corp. (I)	866		12,661
RTI Biologics, Inc. (I)	12,463		49,104
Solta Medical, Inc. (I)	4,356		9,583
SurModics, Inc. (I)	1,476		40,221
Symmetry Medical, Inc. (I)	6,511		74,551
Teleflex, Inc.	12,629		1,067,277
The Cooper Companies, Inc.	4,228		456,117
TranS1, Inc. (I)	2,816		6,308
Wright Medical Group, Inc. (I)(L)	42,150		1,003,592

			4,480,620
Health Care Providers & Services - 3.5%
Almost Family, Inc. (L)	685		13,995
Amedisys, Inc. (I)(L)	1,941		21,584
AMN Healthcare Services, Inc. (I)	4,149		65,679
Amsurg Corp. (I)	30,873		1,038,568
Assisted Living Concepts, Inc., Class A	3,648		43,375
BioScrip, Inc. (I)	5,283		67,147
Capital Senior Living Corp. (I)	5,538		146,369
CardioNet, Inc. (I)	381		926
Community Health Systems, Inc.	11,400		540,246
Coventry Health Care, Inc.	16,100		757,183
Cross Country Healthcare, Inc. (I)	2,192		11,640
Dynacq Healthcare, Inc. (I)	600		4
ExamWorks Group, Inc. (I)	100		1,732
Five Star Quality Care, Inc. (I)	8,754		58,564
Gentiva Health Services, Inc. (I)(L)	4,697		50,822
Hanger, Inc. (I)	1,700		53,601
Healthways, Inc. (I)	5,277		64,643
IPC The Hospitalist Company, Inc. (I)(L)	14,265		634,507
Kindred Healthcare, Inc. (I)(L)	3,757		39,561
LHC Group, Inc. (I)(L)	1,308		28,109
LifePoint Hospitals, Inc. (I)	6,064		293,861
Magellan Health Services, Inc. (I)	1,300		61,841
MedCath Corp. (I)(L)	3,806		5,214
Molina Healthcare, Inc. (I)(L)	5,413		167,099
National Healthcare Corp.	855		39,091
Omnicare, Inc. (L)	10,905		444,052
PDI, Inc. (I)	619		3,652
PharMerica Corp. (I)	3,833		53,662
Select Medical Holdings Corp.	2,945		26,505
SunLink Health Systems, Inc. (I)	100		90
The Ensign Group, Inc.	358		11,957
The Providence Service Corp. (I)	1,220		22,558
Triple-S Management Corp., Class B (I)(L)	3,459		60,256
Universal American Corp.	10,883		90,655
Universal Health Services, Inc., Class B	13,677		873,550

			5,792,298


Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Health Care Technology - 0.1%
Arrhythmia Research Technology, Inc. (I)	200	$	500
MedAssets, Inc. (I)	5,638		108,532
Omnicell, Inc. (I)	3,587		67,723

			176,755
Life Sciences Tools & Services - 0.9%
Affymetrix, Inc. (I)(L)	11,100		52,392
Albany Molecular Research, Inc. (I)	1,700		17,867
Bio-Rad Laboratories, Inc., Class A (I)	5,950		749,700
Charles River
Laboratories International, Inc. (I)	16,331		722,973
Enzo Biochem, Inc. (I)	4,047		10,198
Harvard Bioscience, Inc. (I)	6,562		37,075

			1,590,205
Pharmaceuticals - 1.4%
Auxilium Pharmaceuticals, Inc. (I)	26,277		454,067
Cumberland Pharmaceuticals, Inc. (I)	956		4,761
Endo Health Solutions, Inc. (I)	18,547		570,506
FRD Acquisition Company	5,160		11,300
Hi-Tech Pharmacal Company, Inc. (L)	961		31,819
Lannett Company, Inc. (I)	4,175		42,209
Pozen, Inc. (I)	2,238		11,794
Sciclone Pharmaceuticals, Inc. (I)	2,144		9,862
The Medicines Company (I)	26,384		881,753
ViroPharma, Inc. (I)(L)	12,380		311,481

			2,329,552

			15,216,338
Industrials - 18.5%
Aerospace & Defense - 1.4%
AAR Corp.	5,809		106,828
Aerovironment, Inc. (I)	25,389		460,303
Alliant Techsystems, Inc.	612		44,327
Allied Defense Group, Inc. (I)	1,300		4,095
CPI Aerostructures, Inc. (I)	966		8,279
Curtiss-Wright Corp.	6,151		213,440
DigitalGlobe, Inc. (I)	788		22,788
Ducommun, Inc. (I)	2,274		45,002
Engility Holdings, Inc. (I)	189		4,532
Esterline Technologies Corp. (I)	4,048		306,434
Innovative Solutions & Support, Inc.	2,300		11,339
Kratos Defense &
Security Solutions, Inc. (I)(L)	2,919		14,683
LMI Aerospace, Inc. (I)	2,295		47,713
National Presto Industries, Inc.	138		11,109
Orbital Sciences Corp. (I)	3,499		58,398
SIFCO Industries, Inc.	1,000		18,410
Sparton Corp. (I)	2,053		27,510
Sypris Solutions, Inc.	1,826		7,633
Triumph Group, Inc.	11,581		909,109

			2,321,932
Air Freight & Logistics - 0.4%
Air Transport Services Group, Inc. (I)	11,029		64,299
Atlas Air Worldwide Holdings, Inc. (I)	3,546		144,535
Pacer International, Inc. (I)	3,311		16,654
UTi Worldwide, Inc.	32,565		471,541
XPO Logistics, Inc. (I)(L)	977		16,453

			713,482
Airlines - 0.3%
Hawaiian Holdings, Inc. (I)(L)	4,411		25,407
JetBlue Airways Corp. (I)(L)	28,780		198,582

280

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Airlines (continued)
Republic Airways Holdings, Inc. (I)	7,820	$	90,243
SkyWest, Inc.	7,577		121,611

			435,843
Building Products - 1.4%
American Woodmark Corp. (I)	1,495		50,875
Apogee Enterprises, Inc.	5,284		152,972
Gibraltar Industries, Inc. (I)	5,765		105,211
Griffon Corp.	10,738		127,997
Insteel Industries, Inc. (L)	2,944		48,046
Owens Corning, Inc. (I)	16,508		650,910
PGT, Inc. (I)	3,718		25,543
Quanex Building Products Corp.	339		5,458
Simpson Manufacturing Company, Inc. (L)	1,100		33,671
Trex Company, Inc. (I)	19,198		944,158
Universal Forest Products, Inc.	2,665		106,094

			2,250,935
Commercial Services & Supplies - 2.7%
ABM Industries, Inc.	3,961		88,093
Acme United Corp.	733		8,957
Acorn Energy, Inc.	833		6,123
ARC Document Solutions, Inc. (I)	4,498		13,404
CECO Environmental Corp.	797		10,305
Consolidated Graphics, Inc. (I)	1,633		63,850
Courier Corp.	1,704		24,555
EnergySolutions, Inc. (I)	8,765		32,869
EnerNOC, Inc. (I)(L)	1,080		18,760
Ennis, Inc.	4,881		73,557
Fuel Tech, Inc. (I)	1,802		7,785
G&K Services, Inc., Class A	2,329		105,993
Interface, Inc. (L)	55,913		1,074,648
Intersections, Inc.	1,976		18,594
KAR Auction Services, Inc.	447		8,953
Kimball International, Inc., Class B	4,427		40,109
McGrath RentCorp. (L)	2,338		72,712
Metalico, Inc. (I)(L)	7,400		11,988
Mobile Mini, Inc. (I)(L)	6,846		201,478
Multi-Color Corp. (L)	1,568		40,439
NL Industries, Inc.	368		4,574
Quad/Graphics, Inc.	266		6,368
Schawk, Inc.	3,541		38,916
Standard Register Company (I)	900		757
Team, Inc. (I)	23,243		954,590
Tetra Tech, Inc. (I)	1,400		42,686
The Geo Group, Inc.	8,073		303,706
UniFirst Corp.	2,303		208,422
United Stationers, Inc.	1,448		55,965
Versar, Inc. (I)	2,242		9,685
Viad Corp.	3,488		96,478
Virco Manufacturing Corp. (I)	1,200		2,856
Waste Connections, Inc. (L)	24,018		864,168

			4,512,343
Construction & Engineering - 1.3%
AECOM Technology Corp. (I)	6,538		214,446
Aegion Corp. (I)(L)	1,965		45,490
Chicago Bridge & Iron Company NV	13		808
Comfort Systems USA, Inc.	4,063		57,248
Dycom Industries, Inc. (I)	7,907		155,689
Foster Wheeler AG (I)	30,819		704,214
Furmanite Corp. (I)	2,345		15,688
Granite Construction, Inc.	4,576		145,700
Great Lakes Dredge & Dock Corp.	10,990		73,963


Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Construction & Engineering (continued)
Integrated Electrical Services, Inc. (I)	620	$	3,956
Layne Christensen Company (I)(L)	3,312		70,811
MasTec, Inc. (I)(L)	689		20,084
Michael Baker Corp.	499		12,226
MYR Group, Inc. (I)	1,887		46,345
Northwest Pipe Company (I)	1,600		44,768
Pike Electric Corp.	4,803		68,347
Sterling Construction Company, Inc. (I)	2,470		26,898
Tutor Perini Corp. (I)	4,935		95,246
URS Corp.	7,746		367,238

			2,169,165
Electrical Equipment - 1.6%
Allied Motion Technologies, Inc.	400		2,760
American Superconductor Corp. (I)	542		1,442
Belden, Inc.	19,664		1,015,646
Brady Corp., Class A	6,100		204,533
Encore Wire Corp.	3,894		136,368
EnerSys, Inc. (I)	21,190		965,840
Generac Holdings, Inc.	191		6,750
General Cable Corp. (I)	4,769		174,688
Global Power Equipment Group, Inc.	423		7,453
GrafTech International, Ltd. (I)(L)	1,571		12,065
LSI Industries, Inc.	4,131		28,834
Ocean Power Technologies, Inc. (I)	2,429		3,692
Orion Energy Systems, Inc. (I)	3,553		8,811
Powell Industries, Inc. (I)	1,071		56,302
PowerSecure International, Inc. (I)	3,120		39,655
Preformed Line Products Company	176		12,315
SL Industries, Inc.	1,600		29,008
Ultralife Corp. (I)	1,984		8,690

			2,714,852
Machinery - 4.8%
Alamo Group, Inc.	2,127		81,358
Albany International Corp., Class A	4,234		122,363
Altra Holdings, Inc.	4,468		121,619
American Railcar Industries, Inc.	4,020		187,895
Ampco-Pittsburgh Corp. (L)	1,644		31,088
Astec Industries, Inc. (L)	1,000		34,930
Barnes Group, Inc.	2,420		70,011
Briggs & Stratton Corp. (L)	7,292		180,842
CIRCOR International, Inc.	909		38,633
Columbus McKinnon Corp. (I)	2,978		57,327
Douglas Dynamics, Inc.	1,206		16,667
Dynamic Materials Corp.	662		11,519
Energy Recovery, Inc. (I)(L)	2,317		8,573
EnPro Industries, Inc. (I)(L)	2,641		135,140
ESCO Technologies, Inc.	2,576		105,255
Federal Signal Corp. (I)	11,813		96,158
Flow International Corp. (I)	6,450		25,220
FreightCar America, Inc.	1,748		38,141
Gardner Denver, Inc.	6,374		478,751
Gencor Industries, Inc. (I)	1,400		10,052
Greenbrier Companies, Inc. (I)(L)	4,803		109,076
Hardinge, Inc.	3,000		40,890
Harsco Corp.	1,046		25,909
Hurco Companies, Inc. (I)	1,492		40,627
Hyster-Yale Materials Handling, Inc.	2,200		125,598
IDEX Corp. (L)	15,365		820,798
Kaydon Corp.	1,348		34,482
Key Technology, Inc. (I)	641		8,102
LB Foster Company, Class A	931		41,234
Lydall, Inc. (I)	2,409		36,978

281

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Machinery (continued)
Met-Pro Corp.	2,097	$	21,662
MFRI, Inc. (I)	1,100		7,931
Miller Industries, Inc. (L)	2,106		33,801
Mueller Water Products, Inc., Class A	19,856		117,746
NN, Inc. (I)	1,204		11,390
Oshkosh Corp. (I)	4,710		200,128
Standex International Corp.	859		47,434
Terex Corp. (I)	6,553		225,554
The Eastern Company	428		7,507
Titan International, Inc. (L)	32,977		695,155
Trimas Corp. (I)	33,241		1,079,335
Trinity Industries, Inc. (L)	10,987		498,041
Valmont Industries, Inc.	6,061		953,213
Watts Water Technologies, Inc., Class A	21,915		1,051,701

			8,085,834
Marine - 0.1%
Eagle Bulk Shipping, Inc. (I)	3,351		11,796
Excel Maritime Carriers, Ltd. (I)(L)	15,211		17,645
Genco Shipping & Trading, Ltd. (I)(L)	5,700		16,416
International Shipholding Corp.	848		15,434
Matson, Inc.	6,896		169,642

			230,933
Professional Services - 0.7%
Barrett Business Services, Inc.	1,499		78,937
CBIZ, Inc. (I)(L)	9,052		57,752
CDI Corp.	3,270		56,244
CRA International, Inc. (I)	2,371		53,039
Franklin Covey Company (I)	3,500		50,855
FTI Consulting, Inc. (I)	997		37,547
GP Strategies Corp. (I)	2,785		66,450
Heidrick & Struggles International, Inc.	1,508		22,545
Hill International, Inc. (I)	3,347		10,008
Hudson Global, Inc. (I)	4,800		18,912
ICF International, Inc. (I)	1,848		50,266
Kelly Services, Inc., Class A	5,507		102,871
Kforce, Inc.	163		2,668
Korn/Ferry International (I)	3,716		66,368
ManpowerGroup, Inc.	2,729		154,789
National Technical Systems, Inc. (I)	1,146		10,612
Navigant Consulting Company (I)	6,058		79,602
On Assignment, Inc. (I)	6,403		162,060
RCM Technologies, Inc.	300		1,818
Resources Connection, Inc.	2,661		33,795
The Dolan Company (I)	5,314		12,700
Volt Information Sciences, Inc. (I)	2,445		20,416
VSE Corp.	194		4,848

			1,155,102
Road & Rail - 1.8%
Amerco, Inc.	1,708		296,406
Arkansas Best Corp.	3,461		40,424
Avis Budget Group, Inc. (I)(L)	17,100		475,893
Celadon Group, Inc.	1,209		25,220
Covenant Transport, Inc. (I)	1,373		8,224
Frozen Food Express Industries, Class A (I)	800		1,104
Landstar System, Inc.	10,930		623,994
Marten Transport, Ltd.	3,706		74,602
Old Dominion Freight Line, Inc. (I)	23,702		905,416
P.A.M. Transportation Services, Inc.	2,046		21,667
Patriot Transportation Holding, Inc. (I)	67		1,864
Roadrunner Transportation Systems, Inc. (I)	600		13,800
Ryder Systems, Inc.	6,900		412,275


Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Road & Rail (continued)
Saia, Inc. (I)	2,642	$	95,561
Universal Truckload Services, Inc. (I)	566		13,205
USA Truck, Inc. (I)	2,076		10,193
Werner Enterprises, Inc. (L)	800		19,312

			3,039,160
Trading Companies & Distributors - 2.0%
Aceto Corp.	5,823		64,461
Aircastle, Ltd.	7,807		106,800
Beacon Roofing Supply, Inc. (I)(L)	27,572		1,065,934
CAI International, Inc. (I)	2,900		83,578
GATX Corp. (L)	7,598		394,868
H&E Equipment Services, Inc. (L)	9,156		186,782
Lawson Products, Inc.	1,291		22,696
MRC Global, Inc. (I)	22,049		726,074
Rush Enterprises, Inc., Class A (I)	1,300		31,356
Rush Enterprises, Inc., Class B (I)	12,598		259,519
SeaCube Container Leasing, Ltd.	527		12,100
TAL International Group, Inc. (L)	5,250		237,878
Titan Machinery, Inc. (I)(L)	2,816		78,144
Willis Lease Finance Corp. (I)	406		6,139

			3,276,329

			30,905,910
Information Technology - 14.8%
Communications Equipment - 1.7%
Anaren, Inc. (I)	1,881		36,473
Arris Group, Inc. (I)	68,329		1,173,209
Aviat Networks, Inc. (I)	10,732		36,167
Aware, Inc.	4,448		20,594
Bel Fuse, Inc., Class B	1,641		25,616
Black Box Corp. (L)	2,530		55,179
Brocade Communications Systems, Inc. (I)	6,070		35,024
Calix, Inc. (I)	1,910		15,567
Communications Systems, Inc.	1,800		17,730
Comtech Telecommunications Corp.	3,221		78,206
Digi International, Inc. (I)	4,813		42,980
EchoStar Corp., Class A (I)	4,285		166,986
Emulex Corp. (I)	3,810		24,879
Extreme Networks, Inc. (I)	6,886		23,206
Globecomm Systems, Inc. (I)	5,296		63,605
Harmonic, Inc. (I)	6,801		39,378
JDS Uniphase Corp. (I)	53,960		721,445
KVH Industries, Inc. (I)	2,778		37,697
Oclaro, Inc. (I)	5,040		6,350
Oplink Communications, Inc. (I)	3,231		52,988
Optical Cable Corp.	931		3,882
Performance Technologies, Inc. (I)	2,000		1,660
Relm Wireless Corp. (I)	2,100		4,683
ShoreTel, Inc. (I)	1,370		4,973
Sonus Networks, Inc. (I)	5,300		13,727
Symmetricom, Inc. (I)	5,034		22,854
Tellabs, Inc.	24,724		51,673
Tessco Technologies, Inc.	1,750		37,870
UTStarcom Holdings Corp. (I)	1,004		2,812
Westell Technologies, Inc., Class A (I)	8,500		17,085

			2,834,498
Computers & Peripherals - 0.2%
Avid Technology, Inc. (I)	8,133		50,994
Concurrent Computer Corp.	1,651		13,059
Cray, Inc. (I)	2,251		52,246
Dot Hill Systems Corp. (I)	1,830		2,013
Electronics for Imaging, Inc. (I)	5,466		138,618

282

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Computers & Peripherals (continued)
Hutchinson Technology, Inc. (I)(L)	5,052	$	13,893
Imation Corp. (I)	6,647		25,392
Intermec, Inc. (I)	945		9,289
Intevac, Inc. (I)	3,801		17,941
Novatel Wireless, Inc. (I)	6,508		12,951
Rimage Corp.	958		8,641
STEC, Inc. (I)	901		3,982
Xyratex, Ltd. (L)	2,438		24,136

			373,155
Electronic Equipment, Instruments & Components - 3.0%
ADDvantage Technologies Group, Inc. (I)	428		997
Aeroflex Holding Corp. (I)	3,027		23,792
Agilysys, Inc. (I)	862		8,568
Arrow Electronics, Inc. (I)	16,966		689,159
Avnet, Inc. (I)	13,242		479,360
AVX Corp.	10,386		123,593
Benchmark Electronics, Inc. (I)	6,843		123,311
Checkpoint Systems, Inc. (I)	5,678		74,155
Chyron International Corp. (I)	200		302
Coherent, Inc.	1,083		61,449
CTS Corp.	2,914		30,422
Daktronics, Inc.	1,238		12,999
Electro Rent Corp.	3,773		69,951
Electro Scientific Industries, Inc.	47,314		522,820
Fabrinet (I)	433		6,326
GSI Group, Inc. (I)	1,912		16,309
ID Systems, Inc. (I)	2,235		12,740
Identive Group, Inc. (I)	4,331		6,410
Ingram Micro, Inc., Class A (I)	1,693		33,318
Insight Enterprises, Inc. (I)	6,949		143,288
IntriCon Corp. (I)	100		483
Itron, Inc. (I)(L)	907		42,085
KEMET Corp. (I)	2,976		18,600
Key Tronic Corp. (I)(L)	1,900		21,774
Maxwell Technologies, Inc. (I)	191		1,029
Measurement Specialties, Inc. (I)	1,855		73,773
Mercury Computer Systems, Inc. (I)	966		7,119
Methode Electronics, Inc.	5,814		74,884
Multi-Fineline Electronix, Inc. (I)	1,634		25,213
NAPCO Security Technologies, Inc. (I)	1,164		4,656
Newport Corp. (I)	5,207		88,102
PAR Technology Corp. (I)	3,132		14,752
Park Electrochemical Corp.	1,464		37,098
PC Connection, Inc.	4,352		71,155
PC Mall, Inc. (I)	3,055		25,357
Perceptron, Inc.	1,608		11,610
Planar Systems, Inc. (I)	5,100		9,588
Plexus Corp. (I)	1,321		32,114
Power-One, Inc. (I)(L)	3,297		13,683
Radisys Corp. (I)	5,279		25,973
RF Industries, Ltd.	120		821
Richardson Electronics, Ltd.	2,384		28,274
Rofin-Sinar Technologies, Inc. (I)(L)	202		5,472
Rogers Corp. (I)	2,200		104,764
Sanmina Corp. (I)	76,664		870,903
ScanSource, Inc. (I)	1,242		35,049
SMTC Corp. (I)	490		1,161
SYNNEX Corp. (I)(L)	5,668		209,716
Tech Data Corp. (I)	6,414		292,543
TTM Technologies, Inc. (I)	11,598		88,145
Viasystems Group, Inc. (I)	720		9,389
Vicon Industries, Inc. (I)	126		331
Vishay Intertechnology, Inc. (I)(L)	18,624		253,473


Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Electronic Equipment, Instruments &
Components (continued)
Vishay Precision Group, Inc. (I)	1,653	$	24,283
Zygo Corp. (I)	1,968		29,146

			4,991,787
Internet Software & Services - 1.3%
AOL, Inc. (I)	6,729		258,999
Blucora, Inc. (I)	6,814		105,481
Dealertrack Technologies, Inc. (I)	1,082		31,789
Digital River, Inc. (I)	2,704		38,235
EarthLink, Inc.	11,221		60,818
Internap Network Services Corp. (I)	4,743		44,347
IntraLinks Holdings, Inc. (I)	223		1,418
Keynote Systems, Inc.	2,445		34,132
KIT Digital, Inc. (I)	7,126		2,067
Limelight Networks, Inc. (I)(L)	1,615		3,327
Marchex, Inc., Class B	2,445		10,293
Market Leader, Inc. (I)	700		6,272
Monster Worldwide, Inc. (I)	1,474		7,473
Perficient, Inc. (I)	2,608		30,409
QuinStreet, Inc. (I)	3,213		19,182
RealNetworks, Inc. (I)	5,862		45,196
Reis, Inc. (I)	300		4,662
Soundbite Communications, Inc.	3,800		11,704
TechTarget, Inc. (I)	2,617		12,797
TheStreet.com, Inc.	8,757		16,726
United Online, Inc.	13,619		82,123
ValueClick, Inc. (I)	45,388		1,341,215
XO Group, Inc. (I)	3,766		37,660

			2,206,325
IT Services - 1.7%
Acxiom Corp. (I)	3,452		70,421
CACI International, Inc., Class A (I)(L)	4,110		237,846
CIBER, Inc. (I)	13,394		62,952
Computer Sciences Corp.	241		11,864
Convergys Corp.	11,544		196,594
CoreLogic, Inc. (I)	2,783		71,968
CSG Systems International, Inc. (I)	1,319		27,950
Dynamics Research Corp. (I)	1,898		11,312
Jack Henry & Associates, Inc.	19,169		885,799
ManTech International Corp., Class A (L)	3,617		97,189
MAXIMUS, Inc.	10,902		871,833
ModusLink Global Solutions, Inc. (I)	7,816		25,793
Official Payments Holdings, Inc. (I)	809		4,587
StarTek, Inc. (I)	3,143		18,387
Sykes Enterprises, Inc. (I)(L)	3,354		53,530
The Hackett Group, Inc.	7,525		34,389
Virtusa Corp. (I)	1,925		45,738

			2,728,152
Semiconductors & Semiconductor Equipment - 4.2%
Advanced Energy Industries, Inc. (I)	3,450		63,135
Aetrium (I)	650		546
Alpha & Omega Semiconductor, Ltd. (I)	965		8,569
Amkor Technology, Inc. (I)(L)	9,473		37,892
ANADIGICS, Inc. (I)	11,169		22,338
ATMI, Inc. (I)	4,545		101,944
Axcelis Technologies, Inc. (I)	5,100		6,375
AXT, Inc. (I)	4,229		12,433
Brooks Automation, Inc. (L)	6,536		66,536
BTU International, Inc. (I)	1,318		2,992
Cascade Microtech, Inc. (I)	1,892		13,547
Cohu, Inc.	4,192		39,237

283

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Semiconductors & Semiconductor Equipment (continued)
Cree, Inc. (I)	444	$	24,291
Cymer, Inc. (I)	8,073		775,815
Diodes, Inc. (I)	733		15,378
DSP Group, Inc. (I)	4,494		36,267
Entropic Communications, Inc. (I)	1,268		5,161
Exar Corp. (I)	8,586		90,153
Fairchild Semiconductor International, Inc. (I)	65,137		921,037
First Solar, Inc. (I)(L)	975		26,286
FormFactor, Inc. (I)	7,875		37,013
GigOptix, Inc. (I)	931		978
GSI Technology, Inc. (I)	5,524		36,403
Hittite Microwave Corp. (I)	13,210		799,998
Ikanos Communications, Inc. (I)	4,125		8,250
Integrated Device Technology, Inc. (I)	11,771		87,929
Integrated Silicon Solution, Inc. (I)	4,500		41,265
International Rectifier Corp. (I)(L)	7,029		148,663
Intersil Corp., Class A	10,660		92,849
IXYS Corp.	2,555		24,502
Kopin Corp. (I)	3,638		13,461
Kulicke & Soffa Industries, Inc. (I)	696		8,046
Lattice Semiconductor Corp. (I)	114,033		621,480
LTX-Credence Corp. (I)	2,700		16,308
Mattson Technology, Inc. (I)	7,741		10,683
MEMSIC, Inc. (I)	3,797		10,328
MKS Instruments, Inc.	5,136		139,699
Nanometrics, Inc. (I)	195		2,814
OmniVision Technologies, Inc. (I)(L)	3,038		41,864
Pericom Semiconductor Corp. (I)	4,434		30,196
Photronics, Inc. (I)(L)	13,726		91,690
PMC-Sierra, Inc. (I)	7,616		51,713
Power Integrations, Inc.	6,517		282,903
Rudolph Technologies, Inc. (I)	3,882		45,730
Semtech Corp. (I)	28,379		1,004,333
Sigma Designs, Inc. (I)	5,587		27,209
Silicon Image, Inc. (I)	423		2,056
Spansion, Inc., Class A (I)	124		1,596
SunPower Corp. (I)(L)	1,520		17,541
Supertex, Inc.	839		18,634
Tessera Technologies, Inc.	5,784		108,450
TriQuint Semiconductor, Inc. (I)	3,205		16,185
Ultra Clean Holdings (I)	1,700		11,050
Veeco Instruments, Inc. (I)	22,630		867,408

			6,989,159
Software - 2.7%
Accelrys, Inc. (I)	3,760		36,698
Actuate Corp. (I)	50,318		301,908
AsiaInfo-Linkage, Inc. (I)	400		4,748
Cadence Design Systems, Inc. (I)(L)	63,536		885,056
EPIQ Systems, Inc.	5,795		81,304
ePlus, Inc.	1,364		63,030
GSE Systems, Inc. (I)	2,016		4,032
Informatica Corp. (I)	23,254		801,565
Mentor Graphics Corp.	4,543		82,001
MicroStrategy, Inc., Class A (I)	5,331		538,857
Pervasive Software, Inc. (I)	1,000		9,170
Progress Software Corp. (I)	1,004		22,871
PTC, Inc. (I)	26,146		666,462
Rosetta Stone, Inc. (I)	826		12,704
Seachange International, Inc. (I)(L)	5,428		64,539
Smith Micro Software, Inc. (I)	524		692
SS&C Technologies Holdings, Inc. (I)	32,145		963,707
TeleCommunication
Systems, Inc., Class A (I)(L)	7,641		17,039


Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Software (continued)
Telenav, Inc. (I)	252	$	1,625

			4,558,008

			24,681,084
Materials - 7.6%
Chemicals - 2.3%
A. Schulman, Inc.	4,138		130,595
American Pacific Corp. (I)	1,621		37,461
Axiall Corp.	2,394		148,811
Chase Corp.	1,174		22,682
Core Molding Technologies, Inc. (I)	1,000		8,880
Ferro Corp. (I)	4,772		32,211
FMC Corp.	13,363		762,092
Innophos Holdings, Inc.	14,297		780,044
Innospec, Inc.	97		4,295
Intrepid Potash, Inc. (L)	800		15,008
KMG Chemicals, Inc.	1,101		21,403
Landec Corp. (I)	3,865		55,927
Minerals Technologies, Inc.	3,368		139,806
Olin Corp.	4,323		109,026
OM Group, Inc. (I)	4,455		104,603
OMNOVA Solutions, Inc. (I)	1,642		12,594
Penford Corp. (I)	2,624		28,785
PolyOne Corp.	50,917		1,242,878
Sensient Technologies Corp.	1,092		42,686
Zoltek Companies, Inc. (I)(L)	6,760		80,782

			3,780,569
Construction Materials - 0.7%
Eagle Materials, Inc.	13,827		921,293
Headwaters, Inc. (I)	11,408		124,347
Texas Industries, Inc. (I)(L)	2,257		142,439

			1,188,079
Containers & Packaging - 1.0%
Boise, Inc.	15,525		134,447
Graphic Packaging Holding Company (I)	151,283		1,133,110
Myers Industries, Inc.	6,330		88,367
Rock-Tenn Company, Class A	2,959		274,566

			1,630,490
Metals & Mining - 2.3%
A. M. Castle & Company (I)(L)	4,342		75,985
Allied Nevada Gold Corp. (I)	5,119		84,259
Century Aluminum Company (I)	12,885		99,730
Coeur d’Alene Mines Corp. (I)	10,600		199,916
Commercial Metals Company	11,325		179,501
Compass Minerals International, Inc.	6,784		535,258
Detour Gold Corp. (I)	6,101		117,293
Friedman Industries, Inc.	1,511		15,065
Haynes International, Inc. (L)	11,958		661,277
Horsehead Holding Corp. (I)	7,506		81,665
Kaiser Aluminum Corp. (L)	2,852		184,382
Materion Corp. (L)	2,446		69,711
Noranda Aluminum Holding Corp.	71		319
Olympic Steel, Inc. (L)	2,383		56,954
Reliance Steel & Aluminum Company	10,500		747,285
RTI International Metals, Inc. (I)(L)	4,900		155,281
Schnitzer Steel Industries, Inc., Class A (L)	1,608		42,869
Stillwater Mining Company (I)(L)	7,941		102,677
SunCoke Energy, Inc. (I)	2,353		38,424
Synalloy Corp.	1,121		15,559
United States Steel Corp. (L)	6,490		126,555
Universal Stainless & Alloy (I)	1,562		56,779

284

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Metals & Mining (continued)
Worthington Industries, Inc.	3,765	$	116,640

			3,763,384
Paper & Forest Products - 1.3%
Buckeye Technologies, Inc.	7,563		226,512
Clearwater Paper Corp. (I)	600		31,614
Domtar Corp. (L)	4,550		353,171
KapStone Paper and Packaging Corp.	5,210		144,838
Louisiana-Pacific Corp. (I)	21,668		468,029
Mercer International, Inc. (I)	10,058		69,501
Neenah Paper, Inc.	383		11,781
P.H. Glatfelter Company	4,610		107,782
Resolute Forest Products (I)(L)	887		14,352
Schweitzer-Mauduit International, Inc.	20,801		805,623

			2,233,203

			12,595,725
Telecommunication Services - 0.5%
Diversified Telecommunication Services - 0.2%
Atlantic Tele-Network, Inc.	300		14,553
Cbeyond, Inc. (I)	796		5,914
Frontier Communications Corp. (L)	11,552		45,977
General Communication, Inc., Class A (I)	6,157		56,460
Hawaiian Telcom Holdco, Inc. (I)	243		5,606
HickoryTech Corp.	2,058		20,889
Iridium Communications, Inc. (I)(L)	9,684		58,298
Neutral Tandem, Inc.	2,582		8,443
ORBCOMM, Inc. (I)	9,140		47,619
Premiere Global Services, Inc. (I)	3,309		36,366
Primus Telecommunications Group, Inc.	472		5,216
Vonage Holdings Corp. (I)	834		2,410

			307,751
Wireless Telecommunication Services - 0.3%
Leap Wireless International, Inc. (I)	8,053		47,432
MetroPCS Communications, Inc. (I)	4,865		53,029
Shenandoah Telecommunications Company	1,053		16,037
Telephone & Data Systems, Inc.	11,308		238,260
United States Cellular Corp. (I)(L)	3,700		133,200
USA Mobility, Inc.	1,540		20,436

			508,394

			816,145
Utilities - 0.7%
Gas Utilities - 0.7%
UGI Corp.	28,034		1,076,225
Independent Power Producers & Energy Traders - 0.0%
Genie Energy, Ltd., B Shares	503		4,658
Ormat Technologies, Inc. (L)	2,857		58,997

			63,655
Water Utilities - 0.0%
Consolidated Water Company, Ltd.	955		9,455
SJW Corp.	722		19,133

			28,588

			1,168,468

TOTAL COMMON STOCKS (Cost $118,638,719)		$	165,462,136


Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value

SECURITIES LENDING COLLATERAL - 18.6%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)	3,108,209		31,109,133

TOTAL SECURITIES LENDING
COLLATERAL (Cost $31,106,874)		$	31,109,133


SHORT-TERM INVESTMENTS - 0.3%
Money Market Funds - 0.3%
State Street Institutional Liquid Reserves
Fund, 0.1355% (Y)	479,145		479,145

TOTAL SHORT-TERM INVESTMENTS (Cost $479,145)		$	479,145

Total Investments (Small Cap Opportunities Trust)
(Cost $150,224,738) - 118.1%		$	197,050,414
Other assets and liabilities, net - (18.1%)			(30,164,178)

TOTAL NET ASSETS - 100.0%		$	166,886,236


Small Cap Value Trust
	Shares or
	Principal
	Amount		Value

COMMON STOCKS - 95.2%
Consumer Discretionary - 12.7%
Diversified Consumer Services - 1.5%
Matthews International Corp., Class A (L)	291,680	$	10,176,711
Hotels, Restaurants & Leisure - 2.1%
CEC Entertainment, Inc.	332,640		10,893,960
Choice Hotels International, Inc. (L)	89,100		3,769,821

			14,663,781
Household Durables - 1.6%
Helen of Troy, Ltd. (I)(L)	298,120		11,435,883
Media - 1.1%
Arbitron, Inc.	164,900		7,728,863
Multiline Retail - 1.2%
Fred’s, Inc., Class A (L)	609,422		8,336,893
Specialty Retail - 5.2%
Advance Auto Parts, Inc.	36,620		3,026,643
Ascena Retail Group, Inc. (I)	658,260		12,210,723
Stage Stores, Inc.	353,089		9,137,943
The Cato Corp., Class A (L)	495,646		11,964,894

			36,340,203

			88,682,334
Consumer Staples - 2.0%
Food & Staples Retailing - 1.2%
Casey’s General Stores, Inc. (L)	149,580		8,720,514
Food Products - 0.8%
Post Holdings, Inc. (I)	130,760		5,613,527

			14,334,041
Energy - 4.7%
Energy Equipment & Services - 2.2%
Bristow Group, Inc.	52,280		3,447,343
Era Group, Inc. (I)(L)	184,938		3,883,698
SEACOR Holdings, Inc. (L)	112,438		8,284,432

			15,615,473
Oil, Gas & Consumable Fuels - 2.5%
Halcon Resources Corp. (I)(L)	332,816		2,592,637

285

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels (continued)
Penn Virginia Corp. (L)	231,901	$	936,880
Plains Exploration & Production Company (I)	25,710		1,220,454
Scorpio Tankers, Inc. (I)	1,329,400		11,858,248
Whiting Petroleum Corp. (I)	18,400		935,456

			17,543,675

			33,159,148
Financials - 19.2%
Capital Markets - 0.3%
Ares Capital Corp.	104,636		1,893,912
Commercial Banks - 8.1%
First Busey Corp. (L)	724,908		3,312,830
First Midwest Bancorp, Inc.	718,021		9,535,319
First Niagara Financial Group, Inc.	722,102		6,397,824
Hancock Holding Company	160,930		4,975,956
International Bancshares Corp.	512,640		10,662,912
MB Financial, Inc.	274,978		6,646,218
Webster Financial Corp. (L)	473,920		11,497,299
Westamerica Bancorp. (L)	68,760		3,116,891

			56,145,249
Insurance - 5.5%
Alleghany Corp. (I)	6,748		2,671,668
AMERISAFE, Inc.	141,500		5,028,910
Assured Guaranty, Ltd.	349,367		7,200,454
National Financial Partners Corp. (I)(L)	113,530		2,546,478
Platinum Underwriters Holdings, Ltd.	122,889		6,858,435
Primerica, Inc.	303,790		9,958,236
Reinsurance Group of America, Inc.	40,600		2,422,602
White Mountains Insurance Group, Ltd.	2,970		1,684,346

			38,371,129
Real Estate Investment Trusts - 3.2%
Campus Crest Communities, Inc.	588,137		8,175,104
DiamondRock Hospitality Company	573,108		5,335,635
Mack-Cali Realty Corp.	167,290		4,786,167
Summit Hotel Properties, Inc.	411,900		4,312,593

			22,609,499
Thrifts & Mortgage Finance - 2.1%
Flushing Financial Corp.	265,032		4,489,642
Northwest Bancshares, Inc. (L)	802,730		10,186,644

			14,676,286

			133,696,075
Health Care - 9.4%
Health Care Equipment & Supplies - 2.5%
Haemonetics Corp. (I)(L)	36,840		1,534,754
ICU Medical, Inc. (I)(L)	131,540		7,754,283
STERIS Corp.	191,540		7,969,979

			17,259,016
Health Care Providers & Services - 2.3%
Amsurg Corp. (I)	331,870		11,164,107
Corvel Corp. (I)	92,165		4,561,246

			15,725,353
Health Care Technology - 0.4%
Allscripts Healthcare Solutions, Inc. (I)	215,800		2,932,722
Life Sciences Tools & Services - 4.2%
Charles River
Laboratories International, Inc. (I)	372,780		16,502,971


Small Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Life Sciences Tools & Services (continued)
ICON PLC (I)(L)	404,200	$	13,051,618

			29,554,589

			65,471,680
Industrials - 26.0%
Aerospace & Defense - 1.0%
Cubic Corp.	160,450		6,854,424
Air Freight & Logistics - 1.7%
Atlas Air Worldwide Holdings, Inc. (I)	156,120		6,363,451
UTi Worldwide, Inc.	377,230		5,462,290

			11,825,741
Commercial Services & Supplies - 6.6%
ACCO Brands Corp. (I)(L)	1,266,410		8,459,619
Corrections Corp. of America	40,310		1,574,912
G&K Services, Inc., Class A	275,550		12,540,281
McGrath RentCorp. (L)	29,950		931,445
Standard Parking Corp. (I)	286,438		5,929,267
United Stationers, Inc. (L)	426,178		16,471,780

			45,907,304
Electrical Equipment - 4.0%
Acuity Brands, Inc.	83,110		5,763,679
Belden, Inc.	430,429		22,231,658

			27,995,337
Industrial Conglomerates - 2.0%
Carlisle Companies, Inc.	203,096		13,767,878
Machinery - 6.0%
Albany International Corp., Class A	462,584		13,368,678
ESCO Technologies, Inc.	268,332		10,964,046
Flowserve Corp.	16,160		2,710,194
Mueller Industries, Inc.	279,330		14,885,496

			41,928,414
Marine - 1.9%
Kirby Corp. (I)(L)	171,180		13,146,624
Professional Services - 0.3%
Towers Watson & Company, Class A	32,010		2,218,933
Road & Rail - 0.7%
Genesee & Wyoming, Inc., Class A (I)(L)	48,075		4,476,263
Trading Companies & Distributors - 1.8%
GATX Corp. (L)	245,850		12,776,825

			180,897,743
Information Technology - 9.2%
Computers & Peripherals - 1.5%
Diebold, Inc. (L)	343,970		10,429,170
Electronic Equipment, Instruments & Components - 3.0%
Coherent, Inc.	115,050		6,527,937
MTS Systems Corp. (L)	149,628		8,700,868
ScanSource, Inc. (I)	211,200		5,960,064

			21,188,869
IT Services - 2.5%
Forrester Research, Inc.	294,393		9,317,538
MAXIMUS, Inc.	97,173		7,770,925

			17,088,463
Office Electronics - 1.2%
Zebra Technologies Corp., Class A (I)	175,560		8,274,143
Semiconductors & Semiconductor Equipment - 0.3%
Maxim Integrated Products, Inc. (L)	68,730		2,244,035

286

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Cap Value Trust (continued)
		Shares or
		Principal
		Amount		Value


COMMON STOCKS (continued)
Software - 0.7%
Websense, Inc. (I)(L)		326,920	$	4,903,800

				64,128,480
Materials - 7.4%
Chemicals - 4.0%
Innospec, Inc.		209,470		9,275,332
Koppers Holdings, Inc. (L)		143,478		6,310,162
Sensient Technologies Corp.		158,970		6,214,137
Zep, Inc.		413,050		6,199,881

				27,999,512
Containers & Packaging - 2.2%
Aptargroup, Inc. (L)		147,368		8,451,555
Greif, Inc., Class A		120,220		6,446,196

				14,897,751
Paper & Forest Products - 1.2%
Deltic Timber Corp. (L)		123,366		8,477,712

				51,374,975
Utilities - 4.6%
Electric Utilities - 1.9%
UNS Energy Corp. (L)		143,790		7,037,083
Westar Energy, Inc.		190,070		6,306,523

				13,343,606
Gas Utilities - 2.7%
Atmos Energy Corp.		193,490		8,260,088
New Jersey Resources Corp. (L)		67,204		3,014,099
UGI Corp.		49,460		1,898,769
WGL Holdings, Inc.		119,750		5,280,975

				18,453,931

				31,797,537

TOTAL COMMON STOCKS (Cost $460,373,470)			$	663,542,013


SECURITIES LENDING COLLATERAL - 9.8%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		6,838,489		68,444,383

TOTAL SECURITIES LENDING
COLLATERAL (Cost $68,440,013)			$	68,444,383


SHORT-TERM INVESTMENTS - 4.6%
Repurchase Agreement - 4.6%
Bank of America Tri-Party Repurchase
Agreement dated 03/28/2013 at 0.190% to
be repurchased at $31,700,669 on 04/01/13,
collateralized by $32,277,200 U.S. Treasury
Notes, 0.250% due 04/30/2014 (valued at
$32,334,076, including interest)	$	31,700,000	$	31,700,000

TOTAL SHORT-TERM INVESTMENTS (Cost $31,700,000)			$	31,700,000

Total Investments (Small Cap Value Trust)
(Cost $560,513,483) - 109.6%			$	763,686,396
Other assets and liabilities, net - (9.6%)				(66,860,429)

TOTAL NET ASSETS - 100.0%			$	696,825,967


Small Company Growth Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 98.8%
Consumer Discretionary - 14.2%
Auto Components - 1.6%
Tenneco, Inc. (I)	25,348	$	996,430
TRW Automotive Holdings Corp. (I)	13,932		766,260

			1,762,690
Distributors - 1.0%
Pool Corp.	22,462		1,078,176
Hotels, Restaurants & Leisure - 4.2%
Choice Hotels International, Inc. (L)	15,569		658,724
Domino’s Pizza, Inc.	20,581		1,058,687
Jack in the Box, Inc. (I)(L)	27,307		944,549
Life Time Fitness, Inc. (I)(L)	18,662		798,360
Penn National Gaming, Inc. (I)(L)	23,179		1,261,633

			4,721,953
Household Durables - 1.6%
Ethan Allen Interiors, Inc. (L)	25,136		827,477
The Ryland Group, Inc. (L)	22,718		945,523

			1,773,000
Leisure Equipment & Products - 0.7%
Brunswick Corp.	22,204		759,821
Media - 0.2%
Sinclair Broadcast Group, Inc., Class A	10,343		209,342
Specialty Retail - 3.6%
DSW, Inc., Class A	14,444		921,527
Group 1 Automotive, Inc.	13,641		819,415
Monro Muffler Brake, Inc. (L)	18,023		715,693
Tractor Supply Company	9,194		957,371
Vitamin Shoppe, Inc. (I)(L)	13,077		638,811

			4,052,817
Textiles, Apparel & Luxury Goods - 1.3%
Steven Madden, Ltd. (I)	17,507		755,252
Under Armour, Inc., Class A (I)	13,606		696,627

			1,451,879

			15,809,678
Consumer Staples - 2.2%
Food & Staples Retailing - 0.6%
Harris Teeter Supermarkets, Inc.	15,861		677,423
Food Products - 1.6%
B&G Foods, Inc. (L)	27,525		839,237
Lancaster Colony Corp.	12,462		959,581

			1,798,818

			2,476,241
Energy - 6.9%
Energy Equipment & Services - 4.0%
Atwood Oceanics, Inc. (I)	15,650		822,251
Dresser-Rand Group, Inc. (I)	15,486		954,867
Dril-Quip, Inc. (I)	11,529		1,004,983
Lufkin Industries, Inc. (L)	9,634		639,601
Patterson-UTI Energy, Inc. (L)	41,888		998,610

			4,420,312
Oil, Gas & Consumable Fuels - 2.9%
Berry Petroleum Company, Class A	18,577		859,929
Energen Corp.	15,005		780,410
Oasis Petroleum, Inc. (I)(L)	26,463		1,007,446

287

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels (continued)
Resolute Energy Corp. (I)	53,394	$	614,565

			3,262,350

			7,682,662
Financials - 9.8%
Capital Markets - 3.6%
Affiliated Managers Group, Inc. (I)	7,438		1,142,254
Greenhill & Company, Inc. (L)	13,864		740,060
SEI Investments Company	34,136		984,824
Stifel Financial Corp. (I)(L)	30,412		1,054,384

			3,921,522
Commercial Banks - 3.7%
East West Bancorp, Inc.	33,703		865,156
Huntington Bancshares, Inc.	91,097		673,207
PrivateBancorp, Inc.	45,382		858,174
Prosperity Bancshares, Inc.	17,401		824,633
SVB Financial Group (I)	12,763		905,407

			4,126,577
Insurance - 1.8%
Brown & Brown, Inc.	32,559		1,043,190
HCC Insurance Holdings, Inc.	22,816		958,956

			2,002,146
Real Estate Investment Trusts - 0.7%
Colonial Properties Trust (L)	35,175		795,307

			10,845,552
Health Care - 17.3%
Biotechnology - 5.3%
Acorda Therapeutics, Inc. (I)	17,813		570,550
Amarin Corp. PLC, ADR (I)(L)	51,649		382,719
BioMarin Pharmaceutical, Inc. (I)(L)	14,627		910,677
Incyte Corp. (I)(L)	49,016		1,147,465
Myriad Genetics, Inc. (I)	32,864		834,746
Seattle Genetics, Inc. (I)(L)	31,417		1,115,618
United Therapeutics Corp. (I)(L)	14,669		892,902

			5,854,677
Health Care Equipment & Supplies - 4.5%
Insulet Corp. (I)(L)	25,492		659,223
Masimo Corp.	27,795		545,338
Meridian Bioscience, Inc. (L)	23,240		530,337
NuVasive, Inc. (I)(L)	29,346		625,363
Sirona Dental Systems, Inc. (I)	11,373		838,531
STERIS Corp.	22,710		944,963
Thoratec Corp. (I)	21,885		820,688

			4,964,443
Health Care Providers & Services - 3.8%
Centene Corp. (I)	21,221		934,573
Chemed Corp. (L)	13,382		1,070,292
Health Management
Associates, Inc., Class A (I)	66,653		857,824
MEDNAX, Inc. (I)	9,564		857,221
VCA Antech, Inc. (I)	21,361		501,770

			4,221,680
Health Care Technology - 0.5%
HMS Holdings Corp. (I)(L)	20,825		565,399
Life Sciences Tools & Services - 2.3%
PAREXEL International Corp. (I)(L)	32,165		1,270,839
PerkinElmer, Inc.	22,782		766,386


Small Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Life Sciences Tools & Services (continued)
Techne Corp.	8,142	$	552,435

			2,589,660
Pharmaceuticals - 0.9%
Salix Pharmaceuticals, Ltd. (I)	19,190		982,144

			19,178,003
Industrials - 16.5%
Aerospace & Defense - 1.9%
Hexcel Corp. (I)	33,320		966,613
TransDigm Group, Inc.	7,533		1,151,946

			2,118,559
Air Freight & Logistics - 1.6%
Forward Air Corp.	22,414		835,818
Hub Group, Inc., Class A (I)	23,862		917,733

			1,753,551
Building Products - 1.0%
AO Smith Corp.	14,930		1,098,400
Commercial Services & Supplies - 1.9%
Corrections Corp. of America	29,837		1,165,732
Tetra Tech, Inc. (I)	33,051		1,007,725

			2,173,457
Construction & Engineering - 0.8%
MasTec, Inc. (I)(L)	30,785		897,383
Electrical Equipment - 1.7%
Acuity Brands, Inc.	12,861		891,910
Regal-Beloit Corp.	11,981		977,170

			1,869,080
Machinery - 5.0%
Crane Company	15,854		885,604
ITT Corp.	18,414		523,510
Lincoln Electric Holdings, Inc.	20,057		1,086,688
Lindsay Corp. (L)	11,420		1,007,016
WABCO Holdings, Inc. (I)	12,595		889,081
Wabtec Corp.	10,989		1,122,087

			5,513,986
Marine - 0.9%
Kirby Corp. (I)	13,335		1,024,128
Trading Companies & Distributors - 1.7%
Watsco, Inc. (L)	11,149		938,523
WESCO International, Inc. (I)(L)	13,272		963,680

			1,902,203

			18,350,747
Information Technology - 26.2%
Communications Equipment - 1.4%
Arris Group, Inc. (I)	49,160		844,077
NETGEAR, Inc. (I)	19,844		664,972

			1,509,049
Electronic Equipment, Instruments & Components - 3.7%
Cognex Corp.	18,153		765,149
IPG Photonics Corp. (L)	9,991		663,502
Littelfuse, Inc.	14,333		972,494
National Instruments Corp.	28,326		927,677
SYNNEX Corp. (I)(L)	20,335		752,395

			4,081,217
Internet Software & Services - 3.6%
CoStar Group, Inc. (I)(L)	15,488		1,695,316

288

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Internet Software & Services (continued)
Dealertrack Technologies, Inc. (I)(L)	25,542	$	750,424
ValueClick, Inc. (I)	51,084		1,509,532

			3,955,272
IT Services - 0.7%
Alliance Data Systems Corp. (I)	5,142		832,438
Semiconductors & Semiconductor Equipment - 5.7%
Cymer, Inc. (I)	14,592		1,402,291
Microsemi Corp. (I)	35,806		829,625
MKS Instruments, Inc.	24,856		676,083
Power Integrations, Inc. (L)	21,557		935,789
Semtech Corp. (I)	27,272		965,156
Silicon Laboratories, Inc. (I)	18,722		774,342
Teradyne, Inc. (I)	46,262		750,370

			6,333,656
Software - 11.1%
ANSYS, Inc. (I)	12,906		1,050,807
Aspen Technology, Inc. (I)	47,870		1,545,722
Cadence Design Systems, Inc. (I)	61,400		855,302
CommVault Systems, Inc. (I)	12,807		1,049,918
Informatica Corp. (I)	31,305		1,079,083
Interactive Intelligence Group (I)	18,517		821,229
Manhattan Associates, Inc. (I)	21,420		1,591,292
Mentor Graphics Corp.	47,183		851,653
MICROS Systems, Inc. (I)(L)	17,677		804,480
MicroStrategy, Inc., Class A (I)	5,580		564,026
PTC, Inc. (I)	27,492		700,771
SolarWinds, Inc. (I)	25,049		1,480,396

			12,394,679

			29,106,311
Materials - 3.7%
Chemicals - 2.0%
Intrepid Potash, Inc.	20,848		391,108
Olin Corp.	34,839		878,640
Rockwood Holdings, Inc.	13,487		882,589

			2,152,337
Construction Materials - 0.8%
Martin Marietta Materials, Inc.	8,438		860,845
Metals & Mining - 0.9%
Allied Nevada Gold Corp. (I)	7,359		121,129
Carpenter Technology Corp.	15,032		740,927
Detour Gold Corp. (I)	8,751		168,240

			1,030,296

			4,043,478
Telecommunication Services - 1.2%
Wireless Telecommunication Services - 1.2%
SBA Communications Corp., Class A (I)(L)	18,395		1,324,808
Utilities - 0.8%
Electric Utilities - 0.8%
ITC Holdings Corp. (L)	10,387		927,144

TOTAL COMMON STOCKS (Cost $75,583,283)		$	109,744,624


SECURITIES LENDING COLLATERAL - 20.7%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)	2,297,411		22,994,100

TOTAL SECURITIES LENDING
COLLATERAL (Cost $22,992,661)		$	22,994,100


Small Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value

SHORT-TERM INVESTMENTS - 1.2%
Money Market Funds - 1.2%
State Street Institutional Liquid Reserves
Fund, 0.0959% (Y)	1,379,231		1,379,231

TOTAL SHORT-TERM INVESTMENTS (Cost $1,379,231)		$	1,379,231

Total Investments (Small Company Growth Trust)
(Cost $99,955,175) - 120.7%		$	134,117,955
Other assets and liabilities, net - (20.7%)			(23,008,896)

TOTAL NET ASSETS - 100.0%		$	111,109,059


Small Company Value Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 95.1%
Consumer Discretionary - 14.1%
Auto Components - 1.3%
Drew Industries, Inc.	106,300	$	3,859,753
Modine Manufacturing Company (I)	150,400		1,368,640

			5,228,393
Automobiles - 0.7%
Winnebago Industries, Inc. (I)(L)	132,700		2,738,928
Distributors - 1.1%
Pool Corp.	86,700		4,161,600
Diversified Consumer Services - 1.5%
Ascent Capital Group, Inc., Class A (I)	37,000		2,754,280
Matthews International Corp., Class A (L)	86,700		3,024,963

			5,779,243
Hotels, Restaurants & Leisure - 0.7%
Orient-Express Hotels, Ltd., Class A (I)	184,500		1,819,170
Red Robin Gourmet Burgers, Inc. (I)	20,600		939,360

			2,758,530
Household Durables - 2.4%
CSS Industries, Inc.	71,700		1,862,049
Ethan Allen Interiors, Inc. (L)	41,700		1,372,764
M/I Homes, Inc. (I)(L)	59,100		1,444,995
Meritage Homes Corp. (I)	96,400		4,517,304
Stanley Furniture Company, Inc. (I)	79,400		352,536

			9,549,648
Leisure Equipment & Products - 0.4%
Brunswick Corp. (L)	47,400		1,622,028
Media - 0.7%
Saga Communications, Inc., Class A	54,666		2,528,849
Multiline Retail - 0.3%
Fred’s, Inc., Class A (L)	96,400		1,318,752
Specialty Retail - 4.1%
Aaron’s, Inc.	264,000		7,571,520
Haverty Furniture Companies, Inc.	120,900		2,485,704
MarineMax, Inc. (I)(L)	109,400		1,486,746
Stein Mart, Inc.	194,800		1,632,424
The Men’s Wearhouse, Inc. (L)	85,600		2,860,752

			16,037,146
Textiles, Apparel & Luxury Goods - 0.9%
Culp, Inc.	77,000		1,225,070
Fifth & Pacific Companies, Inc. (I)	77,400		1,461,312

289

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Company Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Textiles, Apparel & Luxury Goods (continued)
True Religion Apparel, Inc.	27,500	$	718,025

			3,404,407

			55,127,524
Consumer Staples - 0.5%
Food & Staples Retailing - 0.3%
Nash Finch Company	62,200		1,217,876
Tobacco - 0.2%
Alliance One International, Inc. (I)(L)	239,400		931,266

			2,149,142
Energy - 5.6%
Energy Equipment & Services - 2.1%
Atwood Oceanics, Inc. (I)	36,400		1,912,456
C&J Energy Services, Inc. (I)(L)	53,400		1,222,860
CARBO Ceramics, Inc. (L)	23,800		2,167,466
Hercules Offshore, Inc. (I)	128,400		952,728
TETRA Technologies, Inc. (I)	170,600		1,750,356

			8,005,866
Oil, Gas & Consumable Fuels - 3.5%
Cloud Peak Energy, Inc. (I)(L)	86,400		1,622,592
GasLog, Ltd.	150,500		1,935,430
Northern Oil and Gas, Inc. (I)(L)	150,000		2,157,000
Oasis Petroleum, Inc. (I)	100,100		3,810,807
PDC Energy, Inc. (I)(L)	36,200		1,794,434
Swift Energy Company (I)(L)	114,400		1,694,264
Teekay Tankers, Ltd., Class A (L)	274,500		782,325

			13,796,852

			21,802,718
Financials - 22.3%
Capital Markets - 3.4%
Ares Capital Corp.	219,800		3,978,380
Hercules Technology Growth Capital, Inc.	207,600		2,543,100
JMP Group, Inc.	82,500		570,075
KCAP Financial, Inc. (L)	145,300		1,564,881
Piper Jaffray Companies (I)(L)	30,000		1,029,000
Safeguard Scientifics, Inc. (I)(L)	67,400		1,064,920
Stifel Financial Corp. (I)(L)	68,950		2,390,497

			13,140,853
Commercial Banks - 5.8%
Columbia Banking System, Inc. (L)	59,200		1,301,216
East West Bancorp, Inc.	99,600		2,556,732
Glacier Bancorp, Inc. (L)	154,600		2,934,308
Home BancShares, Inc.	100,800		3,797,136
Signature Bank (I)(L)	37,600		2,961,376
SVB Financial Group (I)	81,300		5,767,422
Wintrust Financial Corp. (L)	94,500		3,500,280

			22,818,470
Diversified Financial Services - 0.5%
Compass Diversified Holdings	118,500		1,880,595
Insurance - 5.0%
Alterra Capital Holdings, Ltd.	61,100		1,924,650
Assured Guaranty, Ltd.	76,600		1,578,726
Employers Holdings, Inc.	52,900		1,240,505
Markel Corp. (I)(L)	4,600		2,316,100
Meadowbrook Insurance Group, Inc. (L)	165,300		1,165,365
National Interstate Corp.	105,500		3,162,890
ProAssurance Corp.	173,800		8,225,954

			19,614,190


Small Company Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Real Estate Investment Trusts - 7.3%
Acadia Realty Trust	63,100	$	1,752,287
CBL & Associates Properties, Inc. (L)	164,000		3,870,400
Cedar Realty Trust, Inc.	182,600		1,115,686
First Potomac Realty Trust (L)	136,500		2,024,295
Hatteras Financial Corp.	49,500		1,357,785
Kilroy Realty Corp. (L)	78,900		4,134,360
Kite Realty Group Trust	196,300		1,323,062
LaSalle Hotel Properties	111,300		2,824,794
Potlatch Corp.	66,600		3,054,276
PS Business Parks, Inc.	8,712		687,551
Redwood Trust, Inc.	149,600		3,467,728
Saul Centers, Inc.	29,400		1,285,956
Washington Real Estate Investment Trust (L)	59,100		1,645,344

			28,543,524
Thrifts & Mortgage Finance - 0.3%
Radian Group, Inc.	127,900		1,369,809

			87,367,441
Health Care - 3.8%
Biotechnology - 0.3%
Momenta Pharmaceuticals, Inc. (I)	93,900		1,252,626
Health Care Equipment & Supplies - 2.2%
Analogic Corp.	27,700		2,188,854
Quidel Corp. (I)(L)	83,800		1,990,250
West Pharmaceutical Services, Inc.	64,000		4,156,160

			8,335,264
Health Care Providers & Services - 1.3%
Landauer, Inc. (L)	27,900		1,573,002
National Healthcare Corp.	49,500		2,263,140
Triple-S Management Corp., Class B (I)(L)	72,600		1,264,692

			5,100,834

			14,688,724
Industrials - 24.2%
Aerospace & Defense - 0.2%
Kratos Defense &
Security Solutions, Inc. (I)(L)	172,600		868,178
Air Freight & Logistics - 0.6%
Hub Group, Inc., Class A (I)	62,700		2,411,442
Airlines - 1.5%
Alaska Air Group, Inc. (I)	94,600		6,050,616
Building Products - 1.6%
Gibraltar Industries, Inc. (I)	138,600		2,529,450
Quanex Building Products Corp.	82,100		1,321,810
Universal Forest Products, Inc. (L)	57,200		2,277,132

			6,128,392
Commercial Services & Supplies - 3.4%
G&K Services, Inc., Class A	71,800		3,267,618
McGrath RentCorp. (L)	134,700		4,189,170
Mine Safety Appliances Company	60,365		2,995,311
Waste Connections, Inc. (L)	82,300		2,961,154

			13,413,253
Construction & Engineering - 1.1%
Aegion Corp. (I)(L)	120,500		2,789,575
Comfort Systems USA, Inc. (L)	107,500		1,514,675

			4,304,250
Electrical Equipment - 1.6%
Belden, Inc.	79,100		4,085,515

290

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Company Value Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Electrical Equipment (continued)
Franklin Electric Company, Inc.	60,400	$	2,027,628

			6,113,143
Machinery - 4.4%
Astec Industries, Inc.	44,100		1,540,413
CIRCOR International, Inc.	49,700		2,112,250
IDEX Corp. (L)	66,600		3,557,772
Nordson Corp.	75,500		4,979,225
Proto Labs, Inc. (I)	19,800		972,180
Sun Hydraulics Corp.	15,700		510,407
Woodward, Inc. (L)	89,900		3,574,424

			17,246,671
Marine - 1.5%
Kirby Corp. (I)(L)	78,200		6,005,760
Professional Services - 1.6%
FTI Consulting, Inc. (I)	31,400		1,182,524
Navigant Consulting Company (I)	144,700		1,901,358
On Assignment, Inc. (I)	118,000		2,986,580
The Dolan Company (I)	123,100		294,209

			6,364,671
Road & Rail - 4.2%
Genesee & Wyoming, Inc., Class A (I)(L)	86,000		8,007,460
Landstar System, Inc.	141,600		8,083,944
Universal Truckload Services, Inc. (I)	5,400		125,982

			16,217,386
Trading Companies & Distributors - 2.5%
Beacon Roofing Supply, Inc. (I)(L)	193,300		7,472,978
Kaman Corp. (L)	62,600		2,220,422

			9,693,400

			94,817,162
Information Technology - 9.3%
Communications Equipment - 1.2%
Ixia (I)	169,700		3,672,308
Sonus Networks, Inc. (I)	401,500		1,039,885

			4,712,193
Computers & Peripherals - 0.2%
Xyratex, Ltd. (L)	78,200		774,180
Electronic Equipment, Instruments & Components - 3.7%
Cognex Corp.	29,900		1,260,285
Electro Rent Corp.	164,300		3,046,122
Electro Scientific Industries, Inc.	121,800		1,345,890
Littelfuse, Inc.	55,200		3,745,320
Methode Electronics, Inc.	63,800		821,744
Newport Corp. (I)	97,800		1,654,776
SYNNEX Corp. (I)(L)	74,900		2,771,300

			14,645,437
Semiconductors & Semiconductor Equipment - 2.8%
Advanced Energy Industries, Inc. (I)	129,500		2,369,850
ATMI, Inc. (I)	60,300		1,352,529
Brooks Automation, Inc. (L)	118,100		1,202,258
Cabot Microelectronics Corp. (I)(L)	59,200		2,057,200
Entegris, Inc. (I)	134,000		1,321,240
Teradyne, Inc. (I)(L)	151,300		2,454,086

			10,757,163
Software - 1.4%
Accelrys, Inc. (I)	87,300		852,048
Progress Software Corp. (I)	136,100		3,100,358


Small Company Value Trust (continued)
	Shares or
	Principal
	Amount		Value

COMMON STOCKS (continued)
Software (continued)
Websense, Inc. (I)	93,900	$	1,408,500

			5,360,906

			36,249,879
Materials - 10.6%
Chemicals - 2.8%
American Vanguard Corp.	97,800		2,986,812
Innospec, Inc.	129,500		5,734,260
Minerals Technologies, Inc.	57,600		2,390,976

			11,112,048
Construction Materials - 0.4%
Texas Industries, Inc. (I)(L)	22,700		1,432,597
Containers & Packaging - 1.9%
Aptargroup, Inc.	93,200		5,345,020
Myers Industries, Inc.	155,400		2,169,384

			7,514,404
Metals & Mining - 3.3%
AMCOL International Corp. (L)	63,800		1,926,122
Carpenter Technology Corp.	65,800		3,243,282
Franco-Nevada Corp. (L)	43,800		1,999,317
North American Palladium, Ltd. (I)(L)	585,400		837,122
Royal Gold, Inc.	39,300		2,791,479
Schnitzer Steel Industries, Inc., Class A (L)	43,800		1,167,708
Stillwater Mining Company (I)	57,800		747,354

			12,712,384
Paper & Forest Products - 2.2%
Clearwater Paper Corp. (I)	70,500		3,714,645
Deltic Timber Corp. (L)	47,200		3,243,584
Wausau Paper Corp. (L)	151,500		1,633,170

			8,591,399

			41,362,832
Telecommunication Services - 0.5%
Diversified Telecommunication Services - 0.5%
Premiere Global Services, Inc. (I)	175,100		1,924,349
Utilities - 4.2%
Electric Utilities - 2.4%
Cleco Corp.	91,700		4,312,651
El Paso Electric Company	83,300		2,803,045
PNM Resources, Inc.	69,900		1,627,971
UNS Energy Corp.	10,900		533,446

			9,277,113
Gas Utilities - 0.8%
Southwest Gas Corp.	63,100		2,994,726
Multi-Utilities - 1.0%
Black Hills Corp.	42,800		1,884,912
NorthWestern Corp.	54,500		2,172,370

			4,057,282

			16,329,121

TOTAL COMMON STOCKS (Cost $251,907,226)		$	371,818,892

PREFERRED SECURITIES - 1.0%
Financials - 1.0%
Commercial Banks - 1.0%
East West Bancorp., Inc., Series A, 8.000%	2,200		3,692,986

TOTAL PREFERRED SECURITIES (Cost $2,171,686)		$	3,692,986

291

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Small Company Value Trust (continued)
		Shares or
		Principal
		Amount		Value

INVESTMENT COMPANIES - 0.3%
Investment Companies - 0.3%
iShares Russell 2000 Value Index Fund (L)	15,300			1,282,293

TOTAL INVESTMENT COMPANIES (Cost $906,911)			$	1,282,293


SECURITIES LENDING COLLATERAL - 18.6%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)	7,280,549			72,868,832

TOTAL SECURITIES LENDING
COLLATERAL (Cost $72,860,956)			$	72,868,832


SHORT-TERM INVESTMENTS - 2.9%
Money Market Funds - 2.9%
State Street Institutional U.S. Government
Money Market Fund, 0.0241% (Y)	416,632			416,632
T.Rowe Price Reserve Investment
Fund, 0.0959% (Y)	11,005,112			11,005,112

				11,421,744

TOTAL SHORT-TERM INVESTMENTS (Cost $11,421,744)			$	11,421,744

Total Investments (Small Company Value Trust)
(Cost $339,268,523) - 117.9%			$	461,084,747
Other assets and liabilities, net - (17.9%)				(70,081,001)

TOTAL NET ASSETS - 100.0%			$	391,003,746


Smaller Company Growth Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 97.6%
Consumer Discretionary - 13.6%
Auto Components - 0.3%
American Axle &
Manufacturing Holdings, Inc. (I)	2,228	$	30,412
Dorman Products, Inc.	1,404		52,243
Drew Industries, Inc.	340		12,345
Fuel Systems Solutions, Inc. (I)	725		11,941
Gentherm, Inc. (I)	1,432		23,456
Modine Manufacturing Company (I)	1,333		12,130
Tenneco, Inc. (I)	14,923		586,623

			729,150
Automobiles - 1.2%
Harley-Davidson, Inc.	45,980		2,450,734
Tesla Motors, Inc. (I)(L)	3,016		114,276
Thor Industries, Inc.	2,170		79,834
Winnebago Industries, Inc. (I)	1,372		28,318

			2,673,162
Distributors - 0.4%
Pool Corp.	18,061		866,928
Diversified Consumer Services - 1.9%
American Public Education, Inc. (I)	871		30,389
Ascent Capital Group, Inc., Class A (I)	375		27,915
Capella Education Company (I)	583		18,155
Career Education Corp. (I)	1,663		3,941
Coinstar, Inc. (I)(L)	14,174		828,045
Grand Canyon Education, Inc. (I)	44,257		1,123,685
ITT Educational Services, Inc. (I)	840		11,575
K12, Inc. (I)(L)	86,772		2,092,073
Matthews International Corp., Class A	1,326		46,264


Smaller Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Diversified Consumer Services (continued)
Sotheby’s	3,267	$	122,218
Strayer Education, Inc.	202		9,773

			4,314,033
Hotels, Restaurants & Leisure - 1.3%
AFC Enterprises, Inc. (I)	13,558		492,562
Ameristar Casinos, Inc.	791		20,748
Bally Technologies, Inc. (I)	1,978		102,797
Biglari Holdings, Inc. (I)	23		8,583
BJ’s Restaurants, Inc. (I)	1,216		40,468
Boyd Gaming Corp. (I)	1,778		14,704
Bravo Brio Restaurant Group, Inc. (I)	905		14,326
Buffalo Wild Wings, Inc. (I)(L)	897		78,514
Caesars Entertainment Corp. (I)	1,178		18,683
CEC Entertainment, Inc.	431		14,115
Choice Hotels International, Inc. (L)	490		20,732
Denny’s Corp. (I)	4,521		26,086
DineEquity, Inc.	755		51,936
Domino’s Pizza, Inc.	2,600		133,744
Ignite Restaurant Group, Inc. (I)	303		4,448
Interval Leisure Group, Inc.	1,919		41,719
Jack in the Box, Inc. (I)	1,965		67,969
Krispy Kreme Doughnuts, Inc. (I)	2,507		36,201
Life Time Fitness, Inc. (I)(L)	1,996		85,389
Marriott Vacations Worldwide Corp. (I)	915		39,263
Orient-Express Hotels, Ltd., Class A (I)	4,713		46,470
Papa John’s International, Inc. (I)	892		55,143
Penn National Gaming, Inc. (I)	3,142		171,019
Pinnacle Entertainment, Inc. (I)	2,841		41,535
Red Robin Gourmet Burgers, Inc. (I)	327		14,911
Scientific Games Corp., Class A (I)	2,462		21,543
SHFL Entertainment, Inc. (I)	2,698		44,706
Six Flags Entertainment Corp.	12,834		930,208
Sonic Corp. (I)	2,516		32,406
Texas Roadhouse, Inc.	3,065		61,882
The Cheesecake Factory, Inc.	2,458		94,903
Vail Resorts, Inc.	1,723		107,377

			2,935,090
Household Durables - 0.2%
Beazer Homes USA, Inc. (I)	770		12,197
Blyth, Inc. (L)	321		5,573
Cavco Industries, Inc. (I)	303		14,414
Ethan Allen Interiors, Inc.	1,251		41,183
Hovnanian Enterprises, Inc., Class A (I)(L)	3,318		19,145
iRobot Corp. (I)	1,271		32,614
KB Home	2,333		50,789
La-Z-Boy, Inc.	2,528		47,703
Libbey, Inc. (I)	948		18,325
M/I Homes, Inc. (I)	1,032		25,232
Meritage Homes Corp. (I)	1,059		49,625
NACCO Industries, Inc., Class A	84		4,482
Skullcandy, Inc. (I)	731		3,860
Standard Pacific Corp. (I)(L)	6,130		52,963
The Ryland Group, Inc.	2,177		90,607
Zagg, Inc. (I)	481		3,502

			472,214
Internet & Catalog Retail - 0.4%
Blue Nile, Inc. (I)	603		20,773
Groupon, Inc. (I)(L)	14,172		86,733
HomeAway, Inc. (I)(L)	1,602		52,065
HSN, Inc.	1,831		100,449
Liberty Ventures, Series A (I)	1,686		127,428

292

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Smaller Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Internet & Catalog Retail (continued)
Orbitz Worldwide, Inc. (I)	1,256	$	7,172
Overstock.com, Inc. (I)	792		9,757
Shutterfly, Inc. (I)	12,319		544,130
Vitacost.com, Inc. (I)	1,137		8,221

			956,728
Leisure Equipment & Products - 0.5%
Arctic Cat, Inc. (I)	19,609		856,913
Brunswick Corp.	4,316		147,694
LeapFrog Enterprises, Inc. (I)	2,836		24,276
Smith & Wesson Holding Corp. (I)	3,157		28,413
Sturm Ruger & Company, Inc.	924		46,875

			1,104,171
Media - 1.4%
AMC Networks, Inc., Class A (I)	2,599		164,205
Arbitron, Inc.	1,261		59,103
Clear Channel Outdoor
Holdings, Inc., Class A (I)	963		7,213
Cumulus Media, Inc., Class A (I)	3,059		10,309
Fisher Communications, Inc.	98		3,846
IMAX Corp. (I)(L)	83,400		2,229,282
Lions Gate Entertainment Corp. (I)	3,521		83,694
Live Nation Entertainment, Inc. (I)	6,896		85,304
Martha Stewart Living
Omnimedia, Inc., Class A (I)	934		2,466
Morningstar, Inc.	1,136		79,429
Pandora Media, Inc. (I)(L)	2,849		40,342
ReachLocal, Inc. (I)	413		6,178
Starz - Liberty Capital (I)	3,266		72,342
The Madison Square Garden, Inc., Class A (I)	2,842		163,699
The New York Times Company, Class A (I)	3,204		31,399
Valassis Communications, Inc.	662		19,774

			3,058,585
Multiline Retail - 0.1%
Big Lots, Inc. (I)	2,871		101,260
Dillard’s, Inc., Class A	1,355		106,435
Gordmans Stores, Inc. (I)	422		4,942
Saks, Inc. (I)	1,787		20,497

			233,134
Specialty Retail - 3.9%
Aaron’s, Inc.	3,462		99,290
Aeropostale, Inc. (I)	3,918		53,285
America’s Car-Mart, Inc. (I)	394		18,416
ANN, Inc. (I)	2,332		67,675
Asbury Automotive Group, Inc. (I)	1,367		50,155
Ascena Retail Group, Inc. (I)	35,996		667,726
Barnes & Noble, Inc. (I)	1,445		23,770
Body Central Corp. (I)	741		6,965
Cabela’s, Inc. (I)	2,194		133,351
Chico’s FAS, Inc.	48,463		814,178
Citi Trends, Inc. (I)	735		7,519
Coldwater Creek, Inc. (I)	465		1,469
Conn’s, Inc. (I)	1,315		47,209
Destination Maternity Corp.	270		6,318
Destination XL Group, Inc. (I)	59,130		300,972
DSW, Inc., Class A	1,607		102,527
Express, Inc. (I)	3,555		63,315
Francesca’s Holdings Corp. (I)(L)	23,250		666,345
Genesco, Inc. (I)	1,171		70,365
GNC Holdings, Inc., Class A	4,787		188,033
Haverty Furniture Companies, Inc.	927		19,059
Hibbett Sports, Inc. (I)	1,260		70,900


Smaller Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Specialty Retail (continued)
Hot Topic, Inc.	1,261	$	17,503
Jos A. Bank Clothiers, Inc. (I)	1,347		53,745
Kirkland’s, Inc. (I)	701		8,033
Lithia Motors, Inc., Class A	549		26,067
Lumber Liquidators Holdings, Inc. (I)	1,112		78,085
Mattress Firm Holding Corp. (I)	651		22,486
Monro Muffler Brake, Inc.	1,433		56,904
New York & Company, Inc. (I)	1,208		4,941
Office Depot, Inc. (I)	13,750		54,038
Penske Automotive Group, Inc.	2,175		72,558
Pier 1 Imports, Inc.	41,991		965,793
rue21, Inc. (I)(L)	46,876		1,377,686
Select Comfort Corp. (I)	69,566		1,375,320
Shoe Carnival, Inc.	687		14,042
Stage Stores, Inc.	33,337		862,762
The Buckle, Inc.	1,387		64,704
The Children’s Place Retail Stores, Inc. (I)	739		33,122
The Pep Boys - Manny, Moe & Jack (I)	1,278		15,068
The Wet Seal, Inc., Class A (I)	4,112		12,418
Vitamin Shoppe, Inc. (I)	3,164		154,561
Zumiez, Inc. (I)	1,134		25,969

			8,774,647
Textiles, Apparel & Luxury Goods - 2.0%
Carter’s, Inc. (I)	2,419		138,536
Columbia Sportswear Company	654		37,854
Crocs, Inc. (I)	4,386		65,001
Deckers Outdoor Corp. (I)	1,700		94,673
Fifth & Pacific Companies, Inc. (I)	5,456		103,009
G-III Apparel Group, Ltd. (I)	824		33,051
Hanesbrands, Inc. (I)	3,066		139,687
Maidenform Brands, Inc. (I)	1,137		19,932
Movado Group, Inc.	449		15,050
Oxford Industries, Inc.	340		18,054
Peace Mark Holdings, Ltd. (I)	464,000		0
Quiksilver, Inc. (I)	2,800		16,996
Skechers U.S.A., Inc., Class A (I)	1,891		39,995
Steven Madden, Ltd. (I)	40,772		1,758,904
True Religion Apparel, Inc.	1,181		30,836
Tumi Holdings, Inc. (I)	1,799		37,671
Unifi, Inc. (I)	473		9,034
Vera Bradley, Inc. (I)(L)	84,467		1,995,955

			4,554,238

			30,672,080
Consumer Staples - 2.0%
Beverages - 0.0%
Coca-Cola Bottling Company Consolidated	156		9,410
National Beverage Corp.	554		7,784
The Boston Beer Company, Inc., Class A (I)	424		67,687

			84,881
Food & Staples Retailing - 0.4%
Casey’s General Stores, Inc. (L)	1,846		107,622
Pricesmart, Inc.	947		73,705
Rite Aid Corp. (I)	32,679		62,090
Susser Holdings Corp. (I)	7,933		405,456
The Chefs’ Warehouse, Inc. (I)	559		10,325
The Fresh Market, Inc. (I)	1,855		79,338
United Natural Foods, Inc. (I)	2,369		116,555

			855,091
Food Products - 0.8%
Annie’s, Inc. (I)	496		18,977

293

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Smaller Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Food Products (continued)
Boulder Brands, Inc. (I)	2,869	$	25,764
Calavo Growers, Inc.	571		16,433
Chiquita Brands International, Inc. (I)	688		5,339
Darling International, Inc. (I)	21,157		379,980
Dean Foods Company (I)	8,929		161,883
J&J Snack Foods Corp.	11,683		898,306
Sanderson Farms, Inc.	329		17,970
Seaboard Corp.	17		47,600
The Hain Celestial Group, Inc. (I)(L)	1,889		115,380
TreeHouse Foods, Inc. (I)	1,744		113,622

			1,801,254
Household Products - 0.4%
Spectrum Brands Holdings, Inc.	14,953		846,190
Personal Products - 0.4%
Elizabeth Arden, Inc. (I)	1,287		51,802
Inter Parfums, Inc.	28,563		697,794
Medifast, Inc. (I)	636		14,577
Nature’s Sunshine Products, Inc.	459		6,995
Nu Skin Enterprises, Inc., Class A	2,546		112,533
Prestige Brands Holdings, Inc. (I)	1,217		31,265
Revlon, Inc., Class A (I)	589		13,170
Star Scientific, Inc. (I)(L)	5,645		9,371
USANA Health Sciences, Inc. (I)	347		16,771

			954,278

			4,541,694
Energy - 6.9%
Energy Equipment & Services - 1.3%
Atwood Oceanics, Inc. (I)	2,840		149,214
Basic Energy Services, Inc. (I)(L)	44,930		614,193
C&J Energy Services, Inc. (I)	1,324		30,320
CARBO Ceramics, Inc.	1,002		91,252
Dril-Quip, Inc. (I)	1,657		144,441
Forum Energy Technologies, Inc. (I)	1,879		54,040
Geospace Technologies Corp. (I)	5,328		574,998
Gulfmark Offshore, Inc., Class A	16,990		661,930
Heckmann Corp. (I)(L)	7,282		31,240
Helix Energy Solutions Group, Inc. (I)	14,397		329,403
Hornbeck Offshore Services, Inc. (I)	1,621		75,312
ION Geophysical Corp. (I)	2,106		14,342
Lufkin Industries, Inc. (L)	1,621		107,618
Matrix Service Company (I)	1,250		18,625
Oil States International, Inc. (I)	2		163
RigNet, Inc. (I)	337		8,405
RPC, Inc.	2,064		31,311
Tidewater, Inc.	4		202
Vantage Drilling Company (I)	5,530		9,678

			2,946,687
Oil, Gas & Consumable Fuels - 5.6%
Abraxas Petroleum Corp. (I)	4,013		9,270
Alon USA Energy, Inc.	310		5,906
Amyris, Inc. (I)	1,578		4,860
Apco Oil and Gas International, Inc.	438		5,431
Approach Resources, Inc. (I)	1,673		41,173
Berry Petroleum Company, Class A	2,273		105,217
Bill Barrett Corp. (I)	2,322		47,067
Bonanza Creek Energy, Inc. (I)	57,400		2,219,658
BPZ Resources, Inc. (I)	4,513		10,245
Carrizo Oil & Gas, Inc. (I)(L)	119,406		3,077,093
Cheniere Energy, Inc. (I)	9,152		256,256
Clayton Williams Energy, Inc. (I)	294		12,857


Smaller Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels (continued)
Clean Energy Fuels Corp. (I)(L)	3,377	$	43,901
Cloud Peak Energy, Inc. (I)	1,031		19,362
Contango Oil & Gas Company	623		24,976
CVR Energy, Inc.	544		28,081
Enbridge Energy Management LLC (I)	856		25,868
Energy XXI Bermuda, Ltd.	3,251		88,492
FX Energy, Inc. (I)	2,428		8,158
Goodrich Petroleum Corp. (I)	1,317		20,611
Gran Tierra Energy, Inc. (I)	13,581		79,856
Green Plains Renewable Energy, Inc. (I)	1,217		13,922
Gulfport Energy Corp. (I)	3,672		168,288
Halcon Resources Corp. (I)	103,626		807,247
Hyperdynamics Corp. (I)	5,085		3,096
InterOil Corp. (I)(L)	36,080		2,746,049
James River Coal Company (I)	1,149		2,011
KiOR, Inc., Class A (I)(L)	499		2,320
Kodiak Oil & Gas Corp. (I)	71,539		650,290
Magnum Hunter Resources Corp. (I)	7,788		31,230
Matador Resources Company (I)	1,073		9,507
McMoRan Exploration Company (I)	5,073		82,944
Northern Oil and Gas, Inc. (I)	2,907		41,803
Oasis Petroleum, Inc. (I)(L)	3,601		137,090
PDC Energy, Inc. (I)	1,459		72,323
Petroquest Energy, Inc. (I)	2,755		12,232
Quicksilver Resources, Inc. (I)	4,543		10,222
Resolute Energy Corp. (I)	839		9,657
Rex Energy Corp. (I)	44,847		739,079
Rosetta Resources, Inc. (I)	14,563		692,908
Sanchez Energy Corp. (I)	567		11,295
SemGroup Corp., Class A (I)	1,817		93,975
Solazyme, Inc. (I)	1,469		11,473
Synergy Resources Corp. (I)	7,099		48,699
Targa Resources Corp.	501		34,048
Transatlantic Petroleum, Ltd. (I)	6,943		6,908
Triangle Petroleum Corp. (I)	2,122		14,005
Uranium Energy Corp. (I)	3,907		8,595
Vaalco Energy, Inc. (I)	929		7,051
World Fuel Services Corp.	1,738		69,033
ZaZa Energy Corp. (I)	1,165		2,109

			12,673,747

			15,620,434
Financials - 6.9%
Capital Markets - 0.2%
Duff & Phelps Corp., Class A	652		10,113
Evercore Partners, Inc., Class A	445		18,512
Financial Engines, Inc. (L)	1,939		70,231
GAMCO Investors, Inc., Class A	103		5,470
Greenhill & Company, Inc.	1,298		69,287
HFF, Inc., Class A	1,608		32,047
ICG Group, Inc. (I)	1,777		22,177
Ladenburg Thalmann
Financial Services, Inc. (I)	5,235		8,690
Oppenheimer Holdings, Inc., Class A	186		3,621
Pzena Investment Management, Inc., Class A	517		3,361
Safeguard Scientifics, Inc. (I)	1,011		15,974
Virtus Investment Partners, Inc. (I)	302		56,257
Waddell & Reed Financial, Inc., Class A	4,120		180,374
WisdomTree Investments, Inc. (I)	4,221		43,898

			540,012
Commercial Banks - 2.0%
BBCN Bancorp, Inc.	3,575		46,690

294

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Smaller Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Banks (continued)
Boston Private Financial Holdings, Inc.	59,520	$	588,058
CapitalSource, Inc.	42,091		404,915
Cardinal Financial Corp.	1,343		24,416
First Connecticut Bancorp, Inc.	560		8,249
First Horizon National Corp. (L)	11,916		127,263
FNB United Corp. (I)	522		5,095
Hampton Roads Bankshares, Inc. (I)	559		732
Home BancShares, Inc.	1,080		40,684
Iberiabank Corp.	16,313		815,976
Investors Bancorp, Inc.	2,158		40,527
Pinnacle Financial Partners, Inc. (I)	30,610		715,050
Popular, Inc. (I)	48,100		1,328,041
Signature Bank (I)	2,226		175,320
Sun Bancorp, Inc. (I)	697		2,377
SVB Financial Group (I)	751		53,276
Taylor Capital Group, Inc. (I)	626		10,010
Texas Capital Bancshares, Inc. (I)	1,957		79,161
Webster Financial Corp.	1		24

			4,465,864
Consumer Finance - 0.5%
Credit Acceptance Corp. (I)	592		72,307
DFC Global Corp. (I)	686		11,415
Encore Capital Group, Inc. (I)	542		16,314
Ezcorp, Inc., Class A (I)	775		16,508
First Cash Financial Services, Inc. (I)	12,457		726,741
Netspend Holdings, Inc. (I)	1,513		24,042
Portfolio Recovery Associates, Inc. (I)	814		103,313
World Acceptance Corp. (I)	296		25,418

			996,058
Diversified Financial Services - 0.0%
MarketAxess Holdings, Inc.	1,798		67,065
NewStar Financial, Inc. (I)	1,191		15,757

			82,822
Insurance - 2.1%
Amtrust Financial Services, Inc.	726		25,156
Citizens, Inc. (I)	1,894		15,891
eHealth, Inc. (I)	927		16,575
Employers Holdings, Inc.	1,408		33,018
Endurance Specialty Holdings, Ltd.	49,040		2,344,602
Greenlight Capital Re, Ltd., Class A (I)	733		17,922
Hilltop Holdings, Inc. (I)	2,038		27,493
Horace Mann Educators Corp.	35,960		749,766
Platinum Underwriters Holdings, Ltd.	9,790		546,380
ProAssurance Corp.	17,486		827,612
Stewart Information Services Corp.	309		7,870

			4,612,285
Real Estate Investment Trusts - 1.5%
Alexander’s, Inc.	98		32,310
American Assets Trust, Inc.	1,624		51,984
Apartment Investment & Management
Company, Class A	2,456		75,301
Campus Crest Communities, Inc.	58,839		817,862
Coresite Realty Corp.	1,018		35,610
Cousins Properties, Inc.	1,583		16,922
CubeSmart	45,121		712,912
DuPont Fabros Technology, Inc.	3,051		74,048
Education Realty Trust, Inc.	73,889		778,051
Equity Lifestyle Properties, Inc.	1,233		94,694
Extra Space Storage, Inc.	2,507		98,450
FelCor Lodging Trust, Inc. (I)	3,701		22,021
First Industrial Realty Trust, Inc.	2,929		50,174


Smaller Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Real Estate Investment Trusts (continued)
Healthcare Trust of America, Inc.	1,684	$	19,787
Hudson Pacific Properties, Inc.	1,391		30,254
iStar Financial, Inc. (I)	1,201		13,079
Pebblebrook Hotel Trust	1,466		37,808
Post Properties, Inc.	918		43,238
PS Business Parks, Inc.	937		73,948
Ryman Hospitality Properties (L)	1,204		55,083
Strategic Hotels & Resorts, Inc. (I)	3,941		32,907
Sunstone Hotel Investors, Inc. (I)	7,655		94,233
Tanger Factory Outlet Centers	4,526		163,751

			3,424,427
Real Estate Management & Development - 0.1%
Altisource Portfolio Solutions SA (I)	788		54,963
Altisource Residential Corp., Class B (I)	3		60
Forest City Enterprises, Inc., Class A (I)	5,819		103,404
Kennedy-Wilson Holdings, Inc.	753		11,679
Tejon Ranch Company (I)	775		23,080
The St. Joe Company (I)(L)	3,337		70,911
Zillow, Inc., Class A (I)(L)	874		47,782

			311,879
Thrifts & Mortgage Finance - 0.5%
Beneficial Mutual Bancorp, Inc. (I)	1,722		17,737
Doral Financial Corp. (I)	2,033		1,433
EverBank Financial Corp.	3,489		53,731
MGIC Investment Corp. (I)	4,628		22,909
Nationstar Mortgage Holdings, Inc. (I)	25,329		934,640
Ocwen Financial Corp. (I)	2		76
Radian Group, Inc.	3,222		34,508
TFS Financial Corp. (I)	4,469		48,399

			1,113,433

			15,546,780
Health Care - 17.7%
Biotechnology - 3.7%
Achillion Pharmaceuticals, Inc. (I)	2,224		19,438
Acorda Therapeutics, Inc. (I)	1,935		61,978
Aegerion Pharmaceuticals, Inc. (I)	950		38,323
Affymax, Inc. (I)	1,699		2,362
Alkermes PLC (I)	6,041		143,232
Allos Therapeutics, Inc. (I)	4,481		0
Alnylam Pharmaceuticals, Inc. (I)	1,706		41,575
AMAG Pharmaceuticals, Inc. (I)	724		17,267
Arena Pharmaceuticals, Inc. (I)(L)	6,808		55,894
Ariad Pharmaceuticals, Inc. (I)	8,767		158,595
Arqule, Inc. (I)	2,857		7,400
Array BioPharma, Inc. (I)	181,510		893,029
Astex Pharmaceuticals (I)	107,717		480,418
AVEO Pharmaceuticals, Inc. (I)	1,421		10,444
Biotime, Inc. (I)	877		3,350
Cepheid, Inc. (I)	3,196		122,631
Clovis Oncology, Inc. (I)	369		10,579
Cubist Pharmaceuticals, Inc. (I)	21,914		1,026,013
Curis, Inc. (I)	3,856		12,648
Dendreon Corp. (I)(L)	7,439		35,186
Dyax Corp. (I)	4,782		20,850
Dynavax Technologies Corp. (I)(L)	229,834		510,231
Emergent Biosolutions, Inc. (I)	1,209		16,902
Exact Sciences Corp. (I)	3,073		30,115
Exelixis, Inc. (I)(L)	8,839		40,836
Genomic Health, Inc. (I)	815		23,048
Geron Corp. (I)	3,199		3,423
Halozyme Therapeutics, Inc. (I)	4,618		26,646

295

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Smaller Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Biotechnology (continued)
Idenix Pharmaceuticals, Inc. (I)	3,147	$	11,203
Immunogen, Inc. (I)	2,635		42,318
Immunomedics, Inc. (I)	3,748		9,033
Incyte Corp. (I)(L)	5,692		133,250
Infinity Pharmaceuticals, Inc. (I)	13,684		663,263
InterMune, Inc. (I)	3,826		34,625
Ironwood Pharmaceuticals, Inc. (I)	3,692		67,527
Isis Pharmaceuticals, Inc. (I)	3,012		51,023
Lexicon Pharmaceuticals, Inc. (I)	7,223		15,746
Ligand Pharmaceuticals, Inc., Class B (I)	866		23,079
MannKind Corp. (I)(L)	7,708		26,130
Medivation, Inc. (I)	2		94
Merrimack Pharmaceuticals, Inc. (I)	3,859		23,540
Momenta Pharmaceuticals, Inc. (I)	2,118		28,254
Myriad Genetics, Inc. (I)	27,563		700,100
Neurocrine Biosciences, Inc. (I)	3,200		38,848
NewLink Genetics Corp. (I)	841		10,319
Novavax, Inc. (I)	6,420		14,638
NPS Pharmaceuticals, Inc. (I)	4,176		42,553
Opko Health, Inc. (I)(L)	7,186		54,829
Orexigen Therapeutics, Inc. (I)	3,361		21,006
Osiris Therapeutics, Inc. (I)	802		8,341
Pharmacyclics, Inc. (I)	1		80
Progenics Pharmaceuticals, Inc. (I)	1,375		7,411
PROLOR Biotech, Inc. (I)	2,293		11,603
Protalix BioTherapeutics, Inc. (I)	3,146		17,272
Raptor Pharmaceutical Corp. (I)(L)	2,496		14,602
Rigel Pharmaceuticals, Inc. (I)	4,186		28,423
Sangamo Biosciences, Inc. (I)	2,427		23,202
Savient Pharmaceuticals, Inc. (I)(L)	3,525		2,820
Seattle Genetics, Inc. (I)(L)	13,704		486,629
SIGA Technologies, Inc. (I)	1,854		6,637
Spectrum Pharmaceuticals, Inc.	2,870		21,410
Sunesis Pharmaceuticals, Inc. (I)	888		4,857
Synageva BioPharma Corp. (I)	641		35,204
Synergy Pharmaceuticals, Inc. (I)	1,920		11,654
Targacept, Inc. (I)	1,309		5,603
TESARO, Inc. (I)	458		10,058
Theravance, Inc. (I)(L)	3,774		89,142
Threshold Pharmaceuticals, Inc. (I)	2,044		9,423
Trius Therapeutics, Inc. (I)	1,543		10,554
United Therapeutics Corp. (I)	29,194		1,777,039
ZIOPHARM Oncology, Inc. (I)(L)	3,263		5,971

			8,411,726
Health Care Equipment & Supplies - 4.7%
Abaxis, Inc.	1,058		50,065
ABIOMED, Inc. (I)	1,721		32,131
Accuray, Inc. (I)(L)	3,312		15,368
Align Technology, Inc. (I)	3,139		105,188
Antares Pharma, Inc. (I)	5,425		19,422
ArthroCare Corp. (I)	1,344		46,717
Atrion Corp.	78		14,975
Cantel Medical Corp.	1,114		33,487
Conceptus, Inc. (I)	1,451		35,042
Cyberonics, Inc. (I)	1,336		62,538
Cynosure, Inc., Class A (I)	23,293		609,578
DexCom, Inc. (I)	3,340		55,845
Endologix, Inc. (I)	2,539		41,005
Exactech, Inc. (I)	414		8,566
GenMark Diagnostics, Inc. (I)	1,418		18,321
Greatbatch, Inc. (I)	572		17,086
Haemonetics Corp. (I)	21,342		889,108
HeartWare International, Inc. (I)(L)	556		49,167


Smaller Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Health Care Equipment & Supplies (continued)
Hill-Rom Holdings, Inc.	1,026	$	36,136
ICU Medical, Inc. (I)	631		37,197
Insulet Corp. (I)	2,517		65,090
Integra LifeSciences Holdings Corp. (I)	978		38,152
MAKO Surgical Corp. (I)	1,661		18,520
Masimo Corp.	2,621		51,424
Meridian Bioscience, Inc.	1,990		45,412
Merit Medical Systems, Inc. (I)	1,944		23,833
Natus Medical, Inc. (I)	506		6,801
Navidea Biopharmaceuticals, Inc. (I)(L)	4,678		12,677
Neogen Corp. (I)	17,928		888,691
NuVasive, Inc. (I)	1,049		22,354
NxStage Medical, Inc. (I)	2,564		28,922
OraSure Technologies, Inc. (I)	2,661		14,369
Orthofix International NV (I)	932		33,431
Palomar Medical Technologies, Inc. (I)	440		5,936
PhotoMedex, Inc. (I)	622		10,008
Quidel Corp. (I)	1,447		34,366
RTI Biologics, Inc. (I)	2,566		10,110
Sirona Dental Systems, Inc. (I)	44,050		3,247,807
Staar Surgical Company (I)	1,766		9,943
SurModics, Inc. (I)	709		19,320
The Cooper Companies, Inc.	24,914		2,687,722
Thoratec Corp. (I)	24,194		907,275
Tornier BV (I)	705		13,289
Unilife Corp. (I)	3,785		8,251
Volcano Corp. (I)	2,598		57,831
West Pharmaceutical Services, Inc.	1,645		106,826
Wright Medical Group, Inc. (I)	1,884		44,865

			10,590,167
Health Care Providers & Services - 2.5%
Acadia Healthcare Company, Inc. (I)	1,530		44,967
Accretive Health, Inc. (I)	1,876		19,060
Air Methods Corp.	1,680		81,043
AMN Healthcare Services, Inc. (I)	1,017		16,099
Bio-Reference Labs, Inc. (I)	1,202		31,228
BioScrip, Inc. (I)	2,057		26,144
Brookdale Senior Living, Inc. (I)	4,727		131,789
Capital Senior Living Corp. (I)	1,359		35,918
Catamaran Corp. (I)	23,934		1,269,220
Centene Corp. (I)	2,489		109,616
Chemed Corp.	11,490		918,970
Corvel Corp. (I)	324		16,035
Emeritus Corp. (I)	1,306		36,294
ExamWorks Group, Inc. (I)	1,487		25,755
Five Star Quality Care, Inc. (I)	13,750		91,988
Gentiva Health Services, Inc. (I)	457		4,945
HealthSouth Corp. (I)	27,912		736,039
Healthways, Inc. (I)	1,634		20,017
IPC The Hospitalist Company, Inc. (I)	804		35,762
Kindred Healthcare, Inc. (I)	1		11
Landauer, Inc.	456		25,709
LHC Group, Inc. (I)	361		7,758
Magellan Health Services, Inc. (I)	1,333		63,411
MEDNAX, Inc. (I)	2,402		215,291
Molina Healthcare, Inc. (I)	1,460		45,070
MWI Veterinary Supply, Inc. (I)	586		77,504
Team Health Holdings, Inc. (I)	30,288		1,101,877
Tenet Healthcare Corp. (I)	5,133		244,228
US Physical Therapy, Inc.	573		15,385
VCA Antech, Inc. (I)	4,022		94,477

296

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (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)
WellCare Health Plans, Inc. (I)	2,083	$	120,731

			5,662,341
Health Care Technology - 1.2%
athenahealth, Inc. (I)	1,749		169,723
Computer Programs & Systems, Inc.	507		27,434
Greenway Medical Technologies, Inc. (I)	706		11,225
HealthStream, Inc. (I)	12,440		285,374
HMS Holdings Corp. (I)	23,440		636,396
MedAssets, Inc. (I)	41,001		789,269
Medidata Solutions, Inc. (I)	1,187		68,822
Merge Healthcare, Inc. (I)	2,926		8,456
Omnicell, Inc. (I)	35,700		674,016
Quality Systems, Inc.	1,302		23,801
Vocera Communications, Inc. (I)	692		15,916

			2,710,432
Life Sciences Tools & Services - 3.3%
Affymetrix, Inc. (I)	3,068		14,481
Bruker Corp. (I)	4,409		84,212
Charles River
Laboratories International, Inc. (I)	21,271		941,667
Covance, Inc. (I)	42,400		3,151,168
Fluidigm Corp. (I)	1,022		18,917
ICON PLC (I)	35,138		1,134,606
Illumina, Inc. (I)(L)	36,630		1,978,020
Luminex Corp. (I)	1,803		29,786
PAREXEL International Corp. (I)	2,836		112,050
Sequenom, Inc. (I)(L)	5,534		22,966
Techne Corp.	1,686		114,395

			7,602,268
Pharmaceuticals - 2.3%
Actavis, Inc. (I)	23,680		2,181,165
Akorn, Inc. (I)	3,220		44,533
Ampio Pharmaceuticals, Inc. (I)(L)	1,429		6,531
Auxilium Pharmaceuticals, Inc. (I)	2,372		40,988
AVANIR Pharmaceuticals, Inc., Class A (I)	3,840		10,522
Cadence Pharmaceuticals, Inc. (I)	2,888		19,321
Corcept Therapeutics, Inc. (I)	2,004		4,008
Depomed, Inc. (I)	68,060		399,512
Endocyte, Inc. (I)	1,298		16,160
Forest Laboratories, Inc.
(German Exchange) (I)	767		445
Hi-Tech Pharmacal Company, Inc.	511		16,919
Impax Laboratories, Inc. (I)	3,128		48,296
Jazz Pharmaceuticals PLC (I)	15,094		843,906
Nektar Therapeutics (I)	3,609		39,699
Obagi Medical Products, Inc. (I)	840		16,590
Optimer Pharmaceuticals, Inc. (I)	2,184		25,990
Pain Therapeutics, Inc. (I)	1,761		6,040
Pozen, Inc. (I)	1,316		6,935
Questcor Pharmaceuticals, Inc. (L)	2,818		91,698
Sagent Pharmaceuticals, Inc. (I)	479		8,406
Salix Pharmaceuticals, Ltd. (I)	19,806		1,013,671
Santarus, Inc. (I)	2,588		44,850
Sciclone Pharmaceuticals, Inc. (I)	2,130		9,798
Supernus Pharmaceuticals, Inc. (I)	503		2,827
The Medicines Company (I)	2,594		86,691
ViroPharma, Inc. (I)	3,177		79,933
Vivus, Inc. (I)(L)	4,849		53,339
XenoPort, Inc. (I)	1,046		7,479

			5,126,252

			40,103,186


Smaller Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Industrials - 22.4%
Aerospace & Defense - 2.5%
Aerovironment, Inc. (I)	859	$	15,574
American Science & Engineering, Inc.	400		24,396
Astronics Corp. (I)	502		14,970
B/E Aerospace, Inc. (I)	57,630		3,474,513
Cubic Corp.	270		11,534
DigitalGlobe, Inc. (I)	1,820		52,616
GenCorp, Inc. (I)	2,334		31,042
HEICO Corp.	720		31,255
HEICO Corp., Class A	1,438		49,338
Hexcel Corp. (I)	32,558		944,508
Moog, Inc., Class A (I)	1,894		86,802
National Presto Industries, Inc.	232		18,676
Orbital Sciences Corp. (I)	2,868		47,867
Taser International, Inc. (I)	2,480		19,716
Teledyne Technologies, Inc. (I)	1,098		86,127
The KEYW Holding Corp. (I)	1,096		17,678
Triumph Group, Inc.	9,810		770,085

			5,696,697
Air Freight & Logistics - 1.9%
Echo Global Logistics, Inc. (I)	670		14,820
Forward Air Corp.	1,417		52,840
Hub Group, Inc., Class A (I)	63,389		2,437,941
Pacer International, Inc. (I)	598		3,008
UTi Worldwide, Inc.	130,452		1,888,945
XPO Logistics, Inc. (I)	820		13,809

			4,411,363
Airlines - 1.0%
Alaska Air Group, Inc. (I)	3,389		216,760
Allegiant Travel Company	11,144		989,364
Hawaiian Holdings, Inc. (I)	842		4,850
JetBlue Airways Corp. (I)	7,570		52,233
Republic Airways Holdings, Inc. (I)	788		9,094
SkyWest, Inc.	860		13,803
Spirit Airlines, Inc. (I)	32,856		833,228
US Airways Group, Inc. (I)(L)	7,830		132,875

			2,252,207
Building Products - 0.3%
AAON, Inc.	887		24,472
American Woodmark Corp. (I)	491		16,709
AO Smith Corp.	5,791		426,044
Armstrong World Industries, Inc. (I)	1,276		71,316
Griffon Corp.	1,620		19,310
Simpson Manufacturing Company, Inc.	652		19,958
Trex Company, Inc. (I)	694		34,131
USG Corp. (I)	1,812		47,909

			659,849
Commercial Services & Supplies - 3.0%
ARC Document Solutions, Inc. (I)	640		1,907
Clean Harbors, Inc. (I)	2,719		157,947
Corrections Corp. of America	14,033		548,269
Covanta Holding Corp.	55,880		1,125,982
EnerNOC, Inc. (I)	1,115		19,368
Healthcare Services Group, Inc.	3,102		79,504
Herman Miller, Inc.	2,817		77,946
InnerWorkings, Inc. (I)(L)	37,177		562,860
Interface, Inc.	1,510		29,022
KAR Auction Services, Inc.	48,305		967,549
Knoll, Inc.	2,306		41,808
Mobile Mini, Inc. (I)	1,873		55,122

297

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Smaller Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Services & Supplies (continued)
Quad/Graphics, Inc. (L)	15,428	$	369,346
Rollins, Inc.	33,558		823,849
Standard Parking Corp. (I)	737		15,256
Team, Inc. (I)	917		37,661
Tetra Tech, Inc. (I)	29,257		892,046
UniFirst Corp.	9,777		884,819

			6,690,261
Construction & Engineering - 2.8%
Aegion Corp. (I)	1,894		43,846
Dycom Industries, Inc. (I)	550		10,830
EMCOR Group, Inc.	19,740		836,779
Furmanite Corp. (I)	1,789		11,968
Layne Christensen Company (I)	623		13,320
MasTec, Inc. (I)(L)	104,157		3,036,177
MYR Group, Inc. (I)	997		24,486
Orion Marine Group, Inc. (I)	644		6,401
Primoris Services Corp.	1,363		30,136
Quanta Services, Inc. (I)	79,710		2,278,112

			6,292,055
Electrical Equipment - 2.4%
Acuity Brands, Inc.	1,031		71,500
American Superconductor Corp. (I)	1,078		2,867
AZZ, Inc.	15,247		734,905
Belden, Inc.	70,840		3,658,886
Capstone Turbine Corp. (I)	14,621		13,159
Ener1, Inc. (I)	28		0
Franklin Electric Company, Inc.	1,926		64,656
II-VI, Inc. (I)	2,569		43,776
Polypore International, Inc. (I)(L)	2,245		90,204
Preformed Line Products Company	40		2,799
Regal-Beloit Corp.	8,550		697,338
Thermon Group Holdings, Inc. (I)	1,190		26,430

			5,406,520
Industrial Conglomerates - 0.0%
Raven Industries, Inc.	1,663		55,893
Machinery - 2.7%
Actuant Corp., Class A	3,337		102,179
Astec Industries, Inc.	935		32,660
Barnes Group, Inc.	776		22,450
Blount International, Inc. (I)	2,248		30,078
Chart Industries, Inc. (I)	6,928		554,309
CLARCOR, Inc.	1,568		82,132
Colfax Corp. (I)(L)	2,718		126,496
Commercial Vehicle Group, Inc. (I)	1,191		9,290
EnPro Industries, Inc. (I)	12,778		653,850
Graco, Inc.	2,924		169,680
Hyster-Yale Materials Handling, Inc.	101		5,766
Hyster-Yale Materials Handling, Inc., Class B	95		5,424
John Bean Technologies Corp.	1,396		28,967
Kennametal, Inc.	2		78
Lincoln Electric Holdings, Inc.	3,804		206,101
Lindsay Corp.	613		54,054
Meritor, Inc. (I)	4,422		20,916
Middleby Corp. (I)	4,463		679,045
Mueller Industries, Inc.	677		36,077
Mueller Water Products, Inc., Class A	7,566		44,866
Navistar International Corp. (I)	2,675		92,475
Nordson Corp.	3		198
PMFG, Inc. (I)	808		4,985
Proto Labs, Inc. (I)	17,306		849,725
RBC Bearings, Inc. (I)	1,096		55,414


Smaller Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Machinery (continued)
Rexnord Corp. (I)	1,397	$	29,658
Sauer-Danfoss, Inc.	379		22,145
Sun Hydraulics Corp.	1,006		32,705
Tennant Company	807		39,188
The Gorman-Rupp Company	709		21,305
The Manitowoc Company, Inc.	6,067		124,738
The Toro Company	17,521		806,667
Titan International, Inc.	725		15,283
Trimas Corp. (I)	26,376		856,429
Valmont Industries, Inc.	1,155		181,647
Wabtec Corp.	2		204
Woodward, Inc.	2,968		118,008

			6,115,192
Marine - 0.1%
Genco Shipping & Trading, Ltd. (I)	531		1,529
Kirby Corp. (I)	2,425		186,240

			187,769
Professional Services - 2.2%
Acacia Research Corp. (I)	2,400		72,408
Exponent, Inc.	5,270		284,264
Hill International, Inc. (I)	638		1,908
Huron Consulting Group, Inc. (I)	17,479		704,753
IHS, Inc., Class A (I)	20,300		2,125,816
Insperity, Inc.	1,052		29,845
Kforce, Inc.	1,387		22,705
Korn/Ferry International (I)	1,169		20,878
Mistras Group, Inc. (I)	814		19,707
On Assignment, Inc. (I)	2,152		54,467
Pendrell Corp. (I)	3,308		5,491
Resources Connection, Inc.	2,000		25,400
RPX Corp. (I)	862		12,163
The Advisory Board Company (I)	1,679		88,181
The Corporate Executive Board Company	13,298		773,412
The Dolan Company (I)	935		2,235
TrueBlue, Inc. (I)	969		20,485
WageWorks, Inc. (I)	26,886		672,957

			4,937,075
Road & Rail - 0.8%
Amerco, Inc.	1,959		339,965
Avis Budget Group, Inc. (I)(L)	5,131		142,796
Celadon Group, Inc.	35,216		734,606
Con-way, Inc.	2,698		94,997
Genesee & Wyoming, Inc., Class A (I)	2,167		201,769
Heartland Express, Inc.	1,609		21,464
Knight Transportation, Inc.	2,884		46,432
Landstar System, Inc.	2,240		127,882
Old Dominion Freight Line, Inc. (I)	3,115		118,993
Patriot Transportation Holding, Inc. (I)	144		4,006
Quality Distribution, Inc. (I)	526		4,424
Roadrunner Transportation Systems, Inc. (I)	829		19,067
Swift Transportation Company (I)	4,197		59,513

			1,915,914
Trading Companies & Distributors - 2.7%
Air Lease Corp.	1,797		52,688
Applied Industrial Technologies, Inc.	1,824		82,080
Beacon Roofing Supply, Inc. (I)	2,299		88,879
CAI International, Inc. (I)	276		7,954
DXP Enterprises, Inc. (I)	4,738		353,929
Edgen Group, Inc. (I)	747		5,401
Kaman Corp.	403		14,294
MRC Global, Inc. (I)	85,059		2,800,993

298

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Smaller Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Trading Companies & Distributors (continued)
Rush Enterprises, Inc., Class A (I)	1,347	$	32,490
Titan Machinery, Inc. (I)	427		11,849
United Rentals, Inc. (I)(L)	3,794		208,556
Watsco, Inc.	839		70,627
WESCO International, Inc. (I)(L)	31,856		2,313,064

			6,042,804

			50,663,599
Information Technology - 21.3%
Communications Equipment - 1.8%
Acme Packet, Inc. (I)	29,794		870,581
Anaren, Inc. (I)	199		3,859
Aruba Networks, Inc. (I)(L)	26,960		666,990
Calix, Inc. (I)	1,529		12,461
Ciena Corp. (I)	4,830		77,328
Digi International, Inc. (I)	1,269		11,332
EchoStar Corp., Class A (I)	1		39
Extreme Networks, Inc. (I)	3,897		13,133
Finisar Corp. (I)	4,476		59,038
Globecomm Systems, Inc. (I)	1,004		12,058
Infinera Corp. (I)	3,515		24,605
InterDigital, Inc. (L)	1,974		94,416
Ixia (I)	32,942		712,865
JDS Uniphase Corp. (I)	11,278		150,787
Loral Space & Communications, Inc.	461		28,527
NETGEAR, Inc. (I)	1,845		61,826
Oclaro, Inc. (I)	2,443		3,078
Oplink Communications, Inc. (I)	831		13,628
Plantronics, Inc.	2,057		90,899
Polycom, Inc. (I)	2,960		32,797
Procera Networks, Inc. (I)	940		11,177
RADWARE, Ltd., ADR (I)	25,406		958,568
ShoreTel, Inc. (I)	2,092		7,594
Sonus Networks, Inc. (I)	10,153		26,296
ViaSat, Inc. (I)	2,016		97,655

			4,041,537
Computers & Peripherals - 0.2%
3D Systems Corp. (I)	3,711		119,643
Cray, Inc. (I)	1,027		23,837
Electronics for Imaging, Inc. (I)	2,245		56,933
Fusion-io, Inc. (I)	2,539		41,563
Imation Corp. (I)	507		1,937
Intermec, Inc. (I)	811		7,972
Intevac, Inc. (I)	563		2,657
NCR Corp. (I)	2,697		74,329
QLogic Corp. (I)	4,470		51,852
Quantum Corp. (I)	11,611		14,862
Silicon Graphics International Corp. (I)	1,597		21,959
STEC, Inc. (I)	1,822		8,053
Synaptics, Inc. (I)	1,588		64,616

			490,213
Electronic Equipment, Instruments & Components - 2.3%
Agilysys, Inc. (I)	363		3,608
Anixter International, Inc.	1,321		92,364
Badger Meter, Inc.	328		17,555
Cognex Corp.	984		41,476
Coherent, Inc.	1,155		65,535
DTS, Inc. (I)	903		15,017
Echelon Corp. (I)	1,652		4,031
FARO Technologies, Inc. (I)	818		35,493
FEI Company	1,745		112,640
Insight Enterprises, Inc. (I)	117,260		2,417,901


Smaller Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Electronic Equipment, Instruments &
Components (continued)
InvenSense, Inc. (I)	1,601	$	17,099
IPG Photonics Corp. (L)	1,606		106,654
Littelfuse, Inc.	1,131		76,738
Maxwell Technologies, Inc. (I)	1,337		7,206
Measurement Specialties, Inc. (I)	702		27,919
Mercury Computer Systems, Inc. (I)	1,566		11,541
MTS Systems Corp.	757		44,020
Multi-Fineline Electronix, Inc. (I)	159		2,453
National Instruments Corp.	4,736		155,104
Newport Corp. (I)	38,250		647,190
OSI Systems, Inc. (I)	18,286		1,139,035
Plexus Corp. (I)	1,691		41,108
RealD, Inc. (I)	1,861		24,193
Rogers Corp. (I)	800		38,096
ScanSource, Inc. (I)	1,333		37,617
Universal Display Corp. (I)	2,018		59,309

			5,240,902
Internet Software & Services - 2.1%
Angie’s List, Inc. (I)	1,254		24,779
Bazaarvoice, Inc. (I)	1,831		13,403
Blucora, Inc. (I)	1,866		28,886
Brightcove, Inc. (I)	1,130		7,017
Carbonite, Inc. (I)	381		4,172
comScore, Inc. (I)	1,542		25,875
Constant Contact, Inc. (I)	87,288		1,132,998
Cornerstone OnDemand, Inc. (I)	1,217		41,500
CoStar Group, Inc. (I)	6,974		763,374
Dealertrack Technologies, Inc. (I)	2,059		60,493
Demand Media, Inc. (I)	1,446		12,479
Demandware, Inc. (I)	576		14,602
Dice Holdings, Inc. (I)	2,157		21,850
Envestnet, Inc. (I)	558		9,771
ExactTarget, Inc. (I)	1,643		38,233
Internap Network Services Corp. (I)	2,321		21,701
Keynote Systems, Inc.	386		5,389
KIT Digital, Inc. (I)	43		12
Limelight Networks, Inc. (I)	3,081		6,347
Liquidity Services, Inc. (I)	1,137		33,894
LivePerson, Inc. (I)	38,549		523,495
LogMeIn, Inc. (I)	1,016		19,528
MercadoLibre, Inc. (L)	1,596		154,110
Millennial Media, Inc. (I)	1,333		8,465
Move, Inc. (I)	1,612		19,263
NIC, Inc.	33,976		650,980
OpenTable, Inc. (I)	876		55,170
Perficient, Inc. (I)	1,516		17,677
Responsys, Inc. (I)	823		7,284
Saba Software, Inc. (I)	841		6,686
SciQuest, Inc. (I)	921		22,141
SPS Commerce, Inc. (I)	10,574		451,193
Stamps.com, Inc. (I)	640		15,981
The Active Network, Inc. (I)	1,895		7,940
Travelzoo, Inc. (I)	381		8,142
ValueClick, Inc. (I)	3,445		101,800
VistaPrint NV (I)	1,404		54,279
Vocus, Inc. (I)	474		6,707
WebMD Health Corp. (I)	2,415		58,733
XO Group, Inc. (I)	759		7,590
Yelp, Inc. (I)	820		19,442
Zix Corp. (I)	93,540		334,873

			4,818,254

299

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Smaller Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
IT Services - 2.6%
Acxiom Corp. (I)	3,594	$	73,318
Alliance Data Systems Corp. (I)(L)	13,060		2,114,258
Cardtronics, Inc. (I)	10,486		287,946
CoreLogic, Inc. (I)	10,859		280,814
DST Systems, Inc.	1,638		116,740
EPAM Systems, Inc. (I)	417		9,687
Euronet Worldwide, Inc. (I)	5,706		150,296
ExlService Holdings, Inc. (I)	1,162		38,207
FleetCor Technologies, Inc. (I)	2,852		218,663
Forrester Research, Inc.	753		23,832
Heartland Payment Systems, Inc. (L)	1,809		59,643
Higher One Holdings, Inc. (I)(L)	1,271		11,299
iGATE Corp. (I)	1,525		28,685
Interxion Holding NV (I)	22,380		542,044
Jack Henry & Associates, Inc.	3,942		182,160
MAXIMUS, Inc.	8,078		645,998
MoneyGram International, Inc. (I)	837		15,150
NeuStar, Inc., Class A (I)	3,195		148,663
Sapient Corp. (I)	5,320		64,851
ServiceSource International, Inc. (I)	2,004		14,168
Sykes Enterprises, Inc. (I)	1,900		30,324
Syntel, Inc.	808		54,556
Unisys Corp. (I)	2,014		45,819
Virtusa Corp. (I)	935		22,216
WEX, Inc. (I)	8,826		692,841

			5,872,178
Office Electronics - 0.1%
Zebra Technologies Corp., Class A (I)	2,452		115,563
Semiconductors & Semiconductor Equipment - 4.6%
Applied Micro Circuits Corp. (I)	3,149		23,366
Cabot Microelectronics Corp. (I)	1,118		38,851
Cavium, Inc. (I)	18,495		717,791
Ceva, Inc. (I)	1,081		16,864
Cirrus Logic, Inc. (I)	3,156		71,799
Cohu, Inc.	557		5,214
Cymer, Inc. (I)	1,425		136,943
Cypress Semiconductor Corp. (I)(L)	67,240		741,657
Diodes, Inc. (I)	37,575		788,324
Entegris, Inc. (I)	6,628		65,352
Entropic Communications, Inc. (I)	4,056		16,508
Exar Corp. (I)	1,883		19,772
Fairchild Semiconductor International, Inc. (I)	106,300		1,503,082
First Solar, Inc. (I)	1,028		27,715
FormFactor, Inc. (I)	914		4,296
GT Advanced Technologies, Inc. (I)(L)	5,738		18,878
Hittite Microwave Corp. (I)	1,367		82,786
Inphi Corp. (I)	896		9,363
Integrated Device Technology, Inc. (I)	2,432		18,167
Intermolecular, Inc. (I)	843		8,599
IXYS Corp.	1,203		11,537
Kopin Corp. (I)	3,039		11,244
Lattice Semiconductor Corp. (I)	5,622		30,640
LTX-Credence Corp. (I)	2,297		13,874
M/A-COM Technology
Solutions Holdings, Inc. (I)	550		8,839
Magnachip Semiconductor Corp. (I)	1,374		23,784
MaxLinear, Inc., Class A (I)	1,092		6,770
Micrel, Inc.	2,378		24,993
Microsemi Corp. (I)	1,523		35,288
MKS Instruments, Inc.	888		24,154
Monolithic Power Systems, Inc.	101,629		2,476,699
Nanometrics, Inc. (I)	1,072		15,469


Smaller Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Semiconductors & Semiconductor Equipment (continued)
NVE Corp. (I)	3,375	$	190,418
OmniVision Technologies, Inc. (I)	903		12,443
Power Integrations, Inc.	1,396		60,600
Rambus, Inc. (I)	4,811		26,990
RF Micro Devices, Inc. (I)	13,473		71,676
Rubicon Technology, Inc. (I)	888		5,861
Semtech Corp. (I)	3,178		112,469
Sigma Designs, Inc. (I)	819		3,989
Silicon Image, Inc. (I)	3,968		19,284
Silicon Laboratories, Inc. (I)	1,910		78,998
STR Holdings, Inc. (I)	312		677
Supertex, Inc.	238		5,286
Teradyne, Inc. (I)	3,168		51,385
TriQuint Semiconductor, Inc. (I)	8,016		40,481
Ultratech, Inc. (I)	1,301		51,429
Veeco Instruments, Inc. (I)	1,887		72,329
Volterra Semiconductor Corp. (I)	49,296		700,003
Xilinx, Inc.	48,700		1,858,879

			10,361,815
Software - 7.6%
Accelrys, Inc. (I)	2,683		26,186
ACI Worldwide, Inc. (I)	1,898		92,736
Actuate Corp. (I)	2,244		13,464
Advent Software, Inc. (I)	68,773		1,923,581
Allot Communications, Ltd. (I)	43,112		514,757
Aspen Technology, Inc. (I)	25,759		831,758
AVG Technologies NV (I)(L)	61,230		852,322
Blackbaud, Inc.	2,177		64,505
Bottomline Technologies, Inc. (I)	1,802		51,375
BroadSoft, Inc. (I)	1,073		28,402
Cadence Design Systems, Inc. (I)	13,498		188,027
Citrix Systems, Inc. (I)	22,100		1,594,736
Clicksoftware Technologies, Ltd.	47,089		378,596
CommVault Systems, Inc. (I)	7,962		652,725
Compuware Corp. (I)	5,140		64,250
Comverse, Inc. (I)	1,057		29,638
Concur Technologies, Inc. (I)	2,256		154,897
Ebix, Inc. (L)	1,836		29,780
Ellie Mae, Inc. (I)	985		23,689
Fair Isaac Corp.	1,683		76,896
Fortinet, Inc. (I)	31,860		754,445
Guidewire Software, Inc. (I)	1,866		71,729
Imperva, Inc. (I)	288		11,088
Infoblox, Inc. (I)	1,360		29,512
Interactive Intelligence Group (I)	746		33,085
Jive Software, Inc. (I)	936		14,227
Manhattan Associates, Inc. (I)	958		71,170
MicroStrategy, Inc., Class A (I)	434		43,869
Monotype Imaging Holdings, Inc.	1,785		42,394
Netscout Systems, Inc. (I)	20,947		514,668
NetSuite, Inc. (I)	1		80
Pegasystems, Inc.	822		23,082
Progress Software Corp. (I)	1,078		24,557
Proofpoint, Inc. (I)	692		11,667
PROS Holdings, Inc. (I)	993		26,980
PTC, Inc. (I)	5,765		146,950
QLIK Technologies, Inc. (I)	3,727		96,268
RealPage, Inc. (I)	1,821		37,713
Rosetta Stone, Inc. (I)	611		9,397
Rovi Corp. (I)	182,010		3,896,834
Seachange International, Inc. (I)	1,428		16,979
SolarWinds, Inc. (I)	2,873		169,794
Sourcefire, Inc. (I)	1,454		86,120

300

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Smaller Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Software (continued)
Splunk, Inc. (I)	2,099	$	84,023
SS&C Technologies Holdings, Inc. (I)	31,261		937,205
Synchronoss Technologies, Inc. (I)	1,401		43,473
Tangoe, Inc. (I)	1,370		16,974
Telenav, Inc. (I)	811		5,231
TiVo, Inc. (I)	3,880		48,073
Tyler Technologies, Inc. (I)	13,864		849,309
Ultimate Software Group, Inc. (I)	6,792		707,455
VASCO Data Security International, Inc. (I)	1,504		12,694
Verint Systems, Inc. (I)	2,520		92,106
VirnetX Holding Corp. (I)	1,971		37,784
Websense, Inc. (I)	34,673		520,095

			17,079,350

			48,019,812
Materials - 4.1%
Chemicals - 2.9%
American Vanguard Corp.	28,323		864,984
Arabian American Development Company (I)	867		7,309
Balchem Corp.	19,300		848,042
Calgon Carbon Corp. (I)	962		17,412
Chemtura Corp. (I)	28,166		608,667
Flotek Industries, Inc. (I)	46,946		767,567
FMC Corp.	35,110		2,002,323
H.B. Fuller Company	2,405		93,987
Hawkins, Inc.	458		18,297
Innospec, Inc.	1,010		44,723
Intrepid Potash, Inc.	2,722		51,065
Koppers Holdings, Inc.	992		43,628
LSB Industries, Inc. (I)	918		31,928
NewMarket Corp.	1,967		512,128
OMNOVA Solutions, Inc. (I)	2,141		16,421
PolyOne Corp.	18,561		453,074
Rentech, Inc.	10,648		25,023
Stepan Company	298		18,804
Tredegar Corp.	380		11,187
Zep, Inc.	918		13,779

			6,450,348
Construction Materials - 0.1%
Eagle Materials, Inc.	2,241		149,318
Headwaters, Inc. (I)	1,716		18,704
Texas Industries, Inc. (I)	260		16,409
United States Lime & Minerals, Inc. (I)	92		4,893

			189,324
Containers & Packaging - 0.0%
Graphic Packaging Holding Company (I)	6,642		49,749
Silgan Holdings, Inc.	1,074		50,747

			100,496
Metals & Mining - 0.3%
Allied Nevada Gold Corp. (I)	4,107		67,601
Carpenter Technology Corp.	755		37,214
Century Aluminum Company (I)	897		6,943
Coeur d’Alene Mines Corp. (I)	2,156		40,662
General Moly, Inc. (I)	2,852		6,303
Globe Specialty Metals, Inc.	3,076		42,818
Gold Resource Corp. (L)	1,523		19,845
Golden Minerals Company (I)	932		2,218
McEwen Mining, Inc. (I)	10,681		30,548
Midway Gold Corp. (I)	4,629		5,647
Molycorp, Inc. (I)(L)	3,187		16,572
Noranda Aluminum Holding Corp.	579		2,600


Smaller Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Metals & Mining (continued)
Paramount Gold and Silver Corp. (I)(L)	6,045	$	13,480
Royal Gold, Inc.	1		71
Stillwater Mining Company (I)	5,549		71,749
U.S. Silica Holdings, Inc.	632		14,903
Walter Energy, Inc.	10,430		297,255

			676,429
Paper & Forest Products - 0.8%
Buckeye Technologies, Inc.	27,462		822,487
Deltic Timber Corp.	549		37,727
KapStone Paper and Packaging Corp.	27,204		756,271
Louisiana-Pacific Corp. (I)	6,670		144,072
Schweitzer-Mauduit International, Inc.	748		28,970

			1,789,527

			9,206,124
Telecommunication Services - 2.7%
Diversified Telecommunication Services - 2.0%
Atlantic Tele-Network, Inc.	157		7,616
Cbeyond, Inc. (I)	1,439		10,692
Cincinnati Bell, Inc. (I)	9,133		29,774
Cogent Communications Group, Inc.	136,050		3,591,720
Elephant Talk Communications, Inc. (I)	1,735		2,117
General Communication, Inc., Class A (I)	1,394		12,783
inContact, Inc. (I)	76,689		620,414
tw telecom, Inc. (I)	7,296		183,786

			4,458,902
Wireless Telecommunication Services - 0.7%
Boingo Wireless, Inc. (I)	684		3,776
Clearwire Corp., Class A (I)	14,077		45,609
Leap Wireless International, Inc. (I)	1,240		7,304
NII Holdings, Inc. (I)(L)	354,975		1,537,042

			1,593,731

			6,052,633

TOTAL COMMON STOCKS (Cost $174,500,442)		$	220,426,342


RIGHTS - 0.0%
Health Care - 0.0%
Wright Medical Group, Inc. (Expiration
Date: 01/02/2024) (I)	654		1,635

TOTAL RIGHTS (Cost $1,635)		$	1,635


WARRANTS - 0.0%
Energy - 0.0%
Magnum Hunter Resources (Expiration Date:
10/14/2013; Strike Price: $10.50) (I)(L)	8,357		1,086

TOTAL WARRANTS (Cost $0)		$	1,086


SECURITIES LENDING COLLATERAL - 23.5%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)	5,290,681		52,952,839

TOTAL SECURITIES LENDING
COLLATERAL (Cost $52,949,466)		$	52,952,839


SHORT-TERM INVESTMENTS - 1.3%
Money Market Funds - 0.7%
State Street Institutional Liquid Reserves
Fund, 0.1355% (Y)	1,568,578		1,568,578

301

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Smaller Company Growth Trust (continued)
		Shares or
		Principal
		Amount		Value


SHORT-TERM INVESTMENTS (continued)
Repurchase Agreement - 0.6%
Repurchase Agreement with State Street Corp.
dated 03/28/2013 at 0.010% to be
repurchased at $1,361,002 on 04/01/2013,
collateralized by $1,360,000 U.S. Treasury
Notes 0.250%-2.750% due
09/15/2015-02/28/2018 (valued at
$1,392,219, including interest)	$	1,361,000	$	1,361,000

TOTAL SHORT-TERM INVESTMENTS (Cost $2,929,578)			$	2,929,578

Total Investments (Smaller Company Growth Trust)
(Cost $230,381,121) - 122.4%			$	276,311,480
Other assets and liabilities, net - (22.4%)				(50,514,800)

TOTAL NET ASSETS - 100.0%			$	225,796,680




Strategic Equity Allocation Trust
		Shares or
		Principal
		Amount		Value


COMMON STOCKS - 96.7%
Consumer Discretionary - 11.2%
Auto Components - 0.5%
Aisin Seiki Company, Ltd.		35,227	$	1,297,937
American Axle &
Manufacturing Holdings, Inc. (I)		20,478		279,525
BorgWarner, Inc. (I) (L)		39,695		3,070,011
Bridgestone Corp.		118,874		4,010,230
Cie Generale des Etablissements Michelin		33,240		2,785,276
Continental AG		20,224		2,419,677
Cooper Tire & Rubber Company		18,580		476,763
Dana Holding Corp.		44,290		789,691
Delphi Automotive PLC		100,654		4,469,038
Denso Corp.		89,406		3,801,749
Dorman Products, Inc. (L)		7,217		268,545
Drew Industries, Inc.		5,699		206,931
Exide Technologies (I)		25,400		68,580
Federal-Mogul Corp. (I)		5,902		35,589
Fuel Systems Solutions, Inc. (I)		4,754		78,298
Gentex Corp. (L)		67,179		1,344,252
Gentherm, Inc. (I)		9,354		153,219
GKN PLC		299,481		1,207,490
Johnson Controls, Inc.		234,902		8,238,013
Koito Manufacturing Company, Ltd.		17,518		302,404
Modine Manufacturing Company (I)		14,488		131,841
NGK Spark Plug Company, Ltd.		33,954		521,130
NHK Spring Company, Ltd.		29,877		312,165
NOK Corp.		19,572		283,042
Nokian Renkaat OYJ		20,600		919,234
Pirelli & C. SpA (L)		43,023		451,921
Spartan Motors, Inc. (L)		10,685		56,737
Standard Motor Products, Inc.		6,022		166,930
Stanley Electric Company, Ltd.		25,867		448,371
Stoneridge, Inc. (I)		9,039		68,968
Sumitomo Rubber Industries, Ltd.		30,730		515,681
Superior Industries International, Inc.		6,740		125,903
Tenneco, Inc. (I)		18,283		718,705
The Goodyear Tire & Rubber Company (I)		84,213		1,061,926
Toyoda Gosei Company, Ltd.		12,203		293,267
Toyota Boshoku Corp.		12,289		173,873


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Auto Components (continued)
Toyota Industries Corp.	29,968	$	1,103,346

			42,656,258
Automobiles - 1.1%
Bayerische Motoren Werke AG	60,691		5,239,587
Daihatsu Motor Company, Ltd.	35,012		727,399
Daimler AG	166,403		9,057,827
Fiat SpA (I)	160,481		857,719
Ford Motor Company	1,346,326		17,704,187
Fuji Heavy Industries, Ltd.	108,014		1,715,944
Harley-Davidson, Inc.	77,610		4,136,613
Honda Motor Company, Ltd.	299,057		11,523,696
Isuzu Motors, Ltd.	217,979		1,319,250
Mazda Motor Corp. (I)	495,094		1,461,517
Mitsubishi Motors Corp. (I)	750,086		785,174
Nissan Motor Company, Ltd.	454,965		4,408,426
Peugeot SA (I) (L)	43,428		315,250
Renault SA	35,352		2,219,911
Suzuki Motor Corp.	67,035		1,503,260
Thor Industries, Inc. (L)	20,526		755,152
Toyota Motor Corp.	506,161		26,085,764
Volkswagen AG	5,426		1,020,894
Winnebago Industries, Inc. (I)	8,808		181,797
Yamaha Motor Company, Ltd.	50,953		689,939

			91,709,306
Commercial Services & Supplies - 0.0%
Actrade Financial Technologies, Ltd. (I)	382		0
Distributors - 0.1%
Core-Mark Holding Company, Inc.	3,442		176,609
Genuine Parts Company (L)	53,163		4,146,714
Jardine Cycle and Carriage, Ltd.	19,467		803,481
Li & Fung, Ltd.	1,074,227		1,483,638
LKQ Corp. (I)	140,254		3,051,927
Pool Corp.	14,178		680,544
VOXX International Corp. (I)	5,801		62,129
Weyco Group, Inc.	2,071		50,760

			10,455,802
Diversified Consumer Services - 0.2%
American Public Education, Inc. (I) (L)	5,448		190,081
Apollo Group, Inc., Class A (I) (L)	34,378		597,833
Ascent Capital Group, Inc., Class A (I)	4,360		324,558
Benesse Holdings, Inc.	12,255		521,746
Bridgepoint Education, Inc. (I) (L)	5,753		58,853
Capella Education Company (I)	3,897		121,353
Career Education Corp. (I) (L)	16,507		39,122
Carriage Services, Inc.	4,977		105,761
Coinstar, Inc. (I) (L)	9,438		551,368
Corinthian Colleges, Inc. (I) (L)	24,691		51,851
DeVry, Inc. (L)	26,696		847,598
Education Management Corp. (I) (L)	9,165		33,636
Grand Canyon Education, Inc. (I)	12,015		305,061
H&R Block, Inc.	93,122		2,739,649
Hillenbrand, Inc.	16,464		416,210
K12, Inc. (I) (L)	8,137		196,183
Lincoln Educational Services Corp.	7,622		44,665
Mac-Gray Corp.	4,074		52,147
Matthews International Corp., Class A	21,598		753,554
Regis Corp. (L)	43,670		794,357
Service Corp. International	99,151		1,658,796
Sotheby’s	52,216		1,953,401
Steiner Leisure, Ltd. (I)	4,605		222,698
Stewart Enterprises, Inc., Class A (L)	22,370		207,817

302

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Diversified Consumer Services (continued)
Strayer Education, Inc. (L)	8,948	$	432,904
Universal Technical Institute, Inc.	6,892		87,046

			13,308,248
Hotels, Restaurants & Leisure - 1.6%
Accor SA	27,125		942,797
AFC Enterprises, Inc. (I)	7,378		268,043
Ameristar Casinos, Inc.	10,212		267,861
Bally Technologies, Inc. (I) (L)	19,316		1,003,853
Biglari Holdings, Inc. (I)	365		136,214
BJ’s Restaurants, Inc. (I) (L)	7,458		248,202
Bloomin’ Brands, Inc. (I)	5,602		100,108
Bluegreen Corp. (I)	4,766		46,897
Bob Evans Farms, Inc.	21,673		923,703
Boyd Gaming Corp. (I) (L)	17,161		141,921
Bravo Brio Restaurant Group, Inc. (I)	6,276		99,349
Brinker International, Inc. (L)	33,243		1,251,599
Buffalo Wild Wings, Inc. (I) (L)	5,564		487,017
Caesars Entertainment Corp. (I) (L)	11,500		182,390
Carnival Corp.	152,493		5,230,510
Carnival PLC	33,491		1,176,075
Carrols Restaurant Group, Inc. (I)	5,539		28,747
CEC Entertainment, Inc.	5,604		183,531
Chipotle Mexican Grill, Inc. (I)	10,652		3,471,167
Churchill Downs, Inc.	3,925		274,907
Chuy’s Holdings, Inc. (I)	2,160		70,373
Compass Group PLC	337,482		4,312,215
Cracker Barrel Old Country Store, Inc.	5,628		455,024
Crown, Ltd.	73,569		944,927
Darden Restaurants, Inc. (L)	44,401		2,294,644
Del Frisco’s Restaurant Group, Inc. (I)	2,067		34,312
Denny’s Corp. (I)	29,770		171,773
DineEquity, Inc.	4,616		317,535
Domino’s Pizza, Inc.	17,377		893,873
Echo Entertainment Group, Ltd.	134,810		489,643
Fiesta Restaurant Group, Inc. (I)	5,136		136,464
Flight Centre, Ltd. (L)	10,100		354,885
Galaxy Entertainment Group, Ltd. (I)	385,609		1,615,815
Genting Singapore PLC	1,119,571		1,352,930
Ignite Restaurant Group, Inc. (I)	2,190		32,149
Intercontinental Hotels Group PLC	49,274		1,506,503
International Game Technology	90,758		1,497,507
International Speedway Corp., Class A (L)	20,227		661,018
Interval Leisure Group, Inc.	11,778		256,054
Isle of Capri Casinos, Inc. (I)	6,939		43,646
Jack in the Box, Inc. (I) (L)	13,077		452,333
Jamba, Inc. (I)	22,353		63,706
Krispy Kreme Doughnuts, Inc. (I)	17,957		259,299
Life Time Fitness, Inc. (I) (L)	31,474		1,346,458
Luby’s, Inc. (I)	6,499		48,613
Marcus Corp.	5,714		71,368
Marriott International, Inc., Class A (L)	83,616		3,531,104
Marriott Vacations Worldwide Corp. (I)	8,010		343,709
McDonald’s Corp.	344,216		34,314,893
McDonald’s Holdings Company, Ltd.	12,461		335,248
MGM China Holdings, Ltd.	170,310		366,879
Morgans Hotel Group Company (I)	7,377		43,672
Multimedia Games Holding Company, Inc. (I)	8,389		175,078
Nathan’s Famous, Inc. (I)	886		37,434
OPAP SA	41,642		328,801
Orient-Express Hotels, Ltd., Class A (I)	29,348		289,371
Oriental Land Company, Ltd.	9,145		1,497,973
Panera Bread Company, Class A (I)	13,205		2,181,994
Papa John’s International, Inc. (I) (L)	5,297		327,461


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Hotels, Restaurants & Leisure (continued)
Pinnacle Entertainment, Inc. (I)	18,026	$	263,540
Red Lion Hotels Corp. (I)	4,725		33,595
Red Robin Gourmet Burgers, Inc. (I) (L)	4,472		203,923
Ruby Tuesday, Inc. (I)	19,495		143,678
Ruth’s Hospitality Group, Inc. (I) (L)	11,176		106,619
Sands China, Ltd.	444,053		2,303,560
Scientific Games Corp., Class A (I) (L)	41,157		360,124
Shangri-La Asia, Ltd.	284,345		560,530
SHFL Entertainment, Inc. (I)	16,739		277,365
Six Flags Entertainment Corp.	11,804		855,554
SJM Holdings, Ltd.	357,042		894,800
SKYCITY Entertainment Group, Ltd.	102,563		378,891
Sodexo	17,333		1,616,131
Sonic Corp. (I) (L)	17,479		225,130
Speedway Motorsports, Inc.	3,596		64,692
Starbucks Corp.	257,203		14,650,283
Starwood Hotels & Resorts Worldwide, Inc.	66,496		4,237,790
Tabcorp Holdings, Ltd.	137,216		462,252
Tatts Group, Ltd.	255,941		846,338
Texas Roadhouse, Inc.	18,570		374,928
The Cheesecake Factory, Inc. (L)	39,079		1,508,840
The Wendy’s Company (L)	132,529		751,439
Town Sports International Holdings, Inc.	7,637		72,246
TUI Travel PLC	79,809		396,218
Vail Resorts, Inc. (L)	10,825		674,614
Whitbread PLC	32,810		1,284,840
WMS Industries, Inc. (I)	42,348		1,067,593
Wyndham Worldwide Corp.	46,901		3,024,176
Wynn Macau, Ltd. (I)	286,003		765,238
Wynn Resorts, Ltd.	27,384		3,427,381
Yum! Brands, Inc.	154,714		11,130,125

			132,884,008
Household Durables - 0.6%
American Greetings Corp., Class A (L)	9,630		155,043
Bassett Furniture Industries, Inc.	3,511		56,036
Beazer Homes USA, Inc. (I) (L)	7,811		123,726
Blyth, Inc. (L)	3,313		57,514
Casio Computer Company, Ltd. (I) (L)	39,448		308,900
Cavco Industries, Inc. (I)	2,175		103,465
CSS Industries, Inc.	2,963		76,949
D.R. Horton, Inc. (L)	95,961		2,331,852
Electrolux AB (L)	44,251		1,127,489
Ethan Allen Interiors, Inc.	7,275		239,493
Garmin, Ltd. (L)	37,599		1,242,271
Harman International Industries, Inc. (L)	23,319		1,040,727
Helen of Troy, Ltd. (I)	9,339		358,244
Hooker Furniture Corp. (L)	3,509		55,933
Hovnanian Enterprises, Inc., Class A (I) (L)	31,554		182,067
Husqvarna AB, B Shares	72,596		429,047
iRobot Corp. (I) (L)	8,434		216,416
Jarden Corp. (I) (L)	52,055		2,230,535
KB Home	62,861		1,368,484
La-Z-Boy, Inc.	15,594		294,259
Leggett & Platt, Inc. (L)	49,018		1,655,828
Lennar Corp., Class A (L)	56,672		2,350,755
Libbey, Inc. (I)	6,408		123,867
Lifetime Brands, Inc.	2,925		33,374
M/I Homes, Inc. (I) (L)	6,504		159,023
MDC Holdings, Inc.	29,731		1,089,641
Meritage Homes Corp. (I)	9,203		431,253
Mohawk Industries, Inc. (I)	27,414		3,101,072
NACCO Industries, Inc., Class A	1,610		85,910
Newell Rubbermaid, Inc.	98,303		2,565,708

303

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Household Durables (continued)
NVR, Inc. (I)	2,255	$	2,435,648
Panasonic Corp.	405,603		3,052,528
PulteGroup, Inc. (I) (L)	116,774		2,363,506
Rinnai Corp.	6,134		437,130
Sekisui Chemical Company, Ltd.	77,797		861,266
Sekisui House, Ltd.	99,089		1,348,307
Sharp Corp. (L)	181,939		520,691
Skullcandy, Inc. (I)	5,280		27,878
Sony Corp. (L)	184,481		3,202,318
Standard Pacific Corp. (I)	35,048		302,815
Tempur-Pedic International, Inc. (I)	28,095		1,394,355
The Ryland Group, Inc. (L)	13,365		556,251
Toll Brothers, Inc. (I)	70,691		2,420,460
Tupperware Brands Corp.	25,415		2,077,422
Universal Electronics, Inc. (I)	4,703		109,345
Whirlpool Corp.	26,964		3,194,155
Zagg, Inc. (I) (L)	8,165		59,441

			47,958,397
Internet & Catalog Retail - 0.7%
1-800-Flowers.com, Inc., Class A (I)	8,880		44,134
Amazon.com, Inc. (I)	124,823		33,264,081
Blue Nile, Inc. (I) (L)	3,833		132,047
Expedia, Inc. (L)	32,065		1,924,221
HSN, Inc.	28,019		1,537,122
Kayak Software Corp. (I)	1,147		45,834
Netflix, Inc. (I)	19,220		3,640,460
Nutrisystem, Inc.	9,075		76,956
Overstock.com, Inc. (I) (L)	3,731		45,966
PetMed Express, Inc.	6,226		83,522
priceline.com, Inc. (I)	17,119		11,776,674
Rakuten, Inc.	133,461		1,365,491
Shutterfly, Inc. (I) (L)	10,853		479,377
TripAdvisor, Inc. (I) (L)	37,765		1,983,418
US Auto Parts Network, Inc. (I)	781		937
Vitacost.com, Inc. (I) (L)	7,203		52,078

			56,452,318
Leisure Equipment & Products - 0.2%
Arctic Cat, Inc. (I)	3,875		169,338
Black Diamond, Inc. (I)	6,975		63,542
Brunswick Corp. (L)	26,792		916,822
Callaway Golf Company	20,060		132,797
Hasbro, Inc. (L)	39,333		1,728,292
JAKKS Pacific, Inc. (L)	6,894		72,318
Johnson Outdoors, Inc., Class A (I)	1,981		47,227
LeapFrog Enterprises, Inc. (I) (L)	15,505		132,723
Mattel, Inc.	118,263		5,178,737
Namco Bandai Holdings, Inc.	32,084		568,552
Nikon Corp.	62,671		1,477,105
Polaris Industries, Inc. (L)	29,927		2,767,948
Sankyo Company, Ltd.	8,651		405,160
Sega Sammy Holdings, Inc.	36,370		730,492
Shimano, Inc.	13,619		1,115,338
Smith & Wesson Holding Corp. (I) (L)	19,639		176,751
Steinway Musical Instruments, Inc. (I)	2,246		53,949
Sturm Ruger & Company, Inc. (L)	5,754		291,900
Yamaha Corp.	29,773		290,104

			16,319,095
Media - 2.7%
AMC Networks, Inc., Class A (I)	27,221		1,719,823
Arbitron, Inc.	7,958		372,991
Axel Springer AG	7,016		304,130


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Media (continued)
Belo Corp., Class A	28,657	$	281,698
British Sky Broadcasting Group PLC	194,755		2,613,978
Cablevision Systems Corp., Class A (L)	73,594		1,100,966
Carmike Cinemas, Inc. (I) (L)	5,556		100,675
CBS Corp., Class B	200,848		9,377,593
Central European Media
Enterprises, Ltd., Class A (I) (L)	11,438		48,268
Cinemark Holdings, Inc. (L)	48,122		1,416,712
Comcast Corp., Class A	906,026		38,062,152
Cumulus Media, Inc., Class A (I) (L)	19,866		66,948
Dentsu, Inc.	33,182		992,780
Digital Generation, Inc. (I) (L)	8,734		56,160
DIRECTV (I)	196,720		11,136,319
Discovery
Communications, Inc., Class A (I) (L)	84,183		6,628,569
DreamWorks Animation
SKG, Inc., Class A (I) (L)	33,735		639,616
Entercom
Communications Corp., Class A (I) (L)	8,177		60,837
Eutelsat Communications	24,231		854,905
Fisher Communications, Inc.	2,780		109,087
Gannett Company, Inc. (L)	78,882		1,725,149
Global Sources, Ltd. (I)	6,566		49,639
Hakuhodo DY Holdings, Inc.	4,110		316,708
Harte-Hanks, Inc.	13,746		107,081
ITV PLC	681,071		1,340,167
JCDecaux SA	12,535		344,483
John Wiley & Sons, Inc., Class A	22,064		859,613
Journal Communications, Inc., Class A (I)	12,935		86,923
Jupiter Telecommunications Company, Ltd.	377		493,732
Kabel Deutschland Holding AG	16,257		1,499,057
Lagardere SCA	21,549		794,012
Lamar Advertising Company, Class A (I)	26,003		1,264,006
LIN TV Corp., Class A (I)	9,547		104,922
Lions Gate Entertainment Corp. (I)	25,412		604,043
Live Nation Entertainment, Inc. (I)	42,151		521,408
MDC Partners, Inc., Class A	8,368		135,311
Meredith Corp. (L)	27,632		1,057,200
National CineMedia, Inc.	17,338		273,594
News Corp., Class A	686,424		20,949,660
Nexstar Broadcasting Group, Inc., Class A	3,786		68,148
Omnicom Group, Inc.	89,728		5,284,979
Outdoor Channel Holdings, Inc.	4,964		44,279
Pearson PLC	150,069		2,704,401
Publicis Groupe SA	32,892		2,208,066
ReachLocal, Inc. (I) (L)	3,366		50,355
Reading International, Inc., Class A (I)	5,996		33,578
Reed Elsevier NV	126,620		2,170,493
Reed Elsevier PLC	220,427		2,624,185
Rentrak Corp. (I)	3,004		66,028
Saga Communications, Inc., Class A	1,508		69,760
Scholastic Corp. (L)	20,364		542,701
Scripps Networks Interactive, Inc., Class A	29,538		1,900,475
SES SA	55,890		1,752,549
Sinclair Broadcast Group, Inc., Class A	15,548		314,692
Singapore Press Holdings, Ltd.	295,713		1,069,507
Societe Television Francaise 1	3		34
The EW Scripps Company, Class A (I)	9,396		113,034
The Interpublic Group of Companies, Inc.	142,069		1,851,159
The McClatchy Company, Class A (I) (L)	18,919		54,865
The McGraw-Hill Companies, Inc.	96,388		5,019,887
The New York Times Company, Class A (I)	98,757		967,819
The Walt Disney Company (L)	619,731		35,200,721

304

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Media (continued)
The Washington Post Company, Class B	1,555	$	695,085
Thomson Reuters Corp.	29,396		954,782
Time Warner Cable, Inc.	101,435		9,743,846
Time Warner, Inc.	320,872		18,488,645
Toho Company, Ltd.	21,356		446,508
Valassis Communications, Inc. (L)	30,342		906,316
Viacom, Inc., Class B	156,308		9,623,884
Wolters Kluwer NV	55,492		1,212,687
World Wrestling
Entertainment, Inc., Class A (L)	8,692		76,663
WPP PLC	232,108		3,712,495

			218,443,541
Multiline Retail - 0.6%
Big Lots, Inc. (I) (L)	27,220		960,049
Dollar General Corp. (I)	90,267		4,565,705
Dollar Tree, Inc. (I)	77,989		3,777,007
Don Quijote Company, Ltd.	10,000		443,602
Family Dollar Stores, Inc.	32,993		1,948,237
Fred’s, Inc., Class A (L)	11,022		150,781
Gordmans Stores, Inc. (I)	2,883		33,760
Harvey Norman Holding, Ltd. (L)	100,035		285,659
Isetan Mitsukoshi Holdings, Ltd.	64,974		939,113
J Front Retailing Company, Ltd.	87,544		684,325
J.C. Penney Company, Inc. (L)	48,911		739,045
Kohl’s Corp. (L)	72,640		3,350,883
Macy’s, Inc.	135,681		5,676,893
Marks & Spencer Group PLC	295,511		1,751,694
Marui Group Company, Ltd.	39,641		411,851
Next PLC	29,613		1,968,052
Nordstrom, Inc.	51,392		2,838,380
PPR	13,898		3,059,742
Saks, Inc. (I) (L)	80,695		925,572
Takashimaya Company, Ltd.	49,481		491,154
Target Corp.	223,392		15,291,182
The Bon-Ton Stores, Inc. (L)	4,168		54,184
Tuesday Morning Corp. (I)	12,741		98,870

			50,445,740
Specialty Retail - 2.0%
Aaron’s, Inc.	33,062		948,218
ABC-MART, Inc.	4,964		189,253
Abercrombie & Fitch Company, Class A	27,311		1,261,768
Advance Auto Parts, Inc.	34,550		2,855,558
Aeropostale, Inc. (I) (L)	61,326		834,034
America’s Car-Mart, Inc. (I)	2,445		114,279
American Eagle Outfitters, Inc.	84,508		1,580,300
ANN, Inc. (I)	37,414		1,085,754
Asbury Automotive Group, Inc. (I)	8,294		304,307
Ascena Retail Group, Inc. (I)	59,588		1,105,357
AutoNation, Inc. (I)	13,286		581,263
AutoZone, Inc. (I)	12,470		4,947,722
Barnes & Noble, Inc. (I) (L)	26,357		433,573
bebe stores, Inc.	12,002		50,048
Bed Bath & Beyond, Inc. (I)	77,623		5,000,474
Best Buy Company, Inc. (L)	91,295		2,022,184
Big 5 Sporting Goods Corp.	5,160		80,548
Body Central Corp. (I)	5,146		48,372
Brown Shoe Company, Inc. (L)	12,850		205,600
Cabela’s, Inc. (I) (L)	35,675		2,168,327
CarMax, Inc. (I)	78,321		3,265,986
Chico’s FAS, Inc.	77,783		1,306,754
Citi Trends, Inc. (I)	4,810		49,206
Conn’s, Inc. (I) (L)	4,982		178,854


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Specialty Retail (continued)
Destination Maternity Corp.	4,096	$	95,846
Destination XL Group, Inc. (I)	13,246		67,422
Dick’s Sporting Goods, Inc. (L)	46,118		2,181,381
Express, Inc. (I)	26,891		478,929
Fast Retailing Company, Ltd.	9,730		3,111,886
Five Below, Inc. (I) (L)	3,375		127,879
Foot Locker, Inc.	70,738		2,422,069
Francesca’s Holdings Corp. (I)	10,535		301,933
GameStop Corp., Class A (L)	41,599		1,163,524
Genesco, Inc. (I)	7,311		439,318
Group 1 Automotive, Inc. (L)	6,829		410,218
Guess?, Inc. (L)	28,859		716,569
Haverty Furniture Companies, Inc.	5,856		120,399
Hennes & Mauritz AB, B Shares	173,991		6,230,748
hhgregg, Inc. (I)	5,054		55,847
Hibbett Sports, Inc. (I) (L)	7,880		443,408
Hot Topic, Inc. (L)	12,576		174,555
Inditex SA	39,967		5,326,179
Jos A. Bank Clothiers, Inc. (I) (L)	8,320		331,968
Kingfisher PLC	435,571		1,909,170
Kirkland’s, Inc. (I)	4,459		51,100
L Brands, Inc.	82,153		3,668,953
Lithia Motors, Inc., Class A	6,505		308,857
Lowe’s Companies, Inc.	381,019		14,448,240
Lumber Liquidators Holdings, Inc. (I)	8,229		577,840
MarineMax, Inc. (I)	6,577		89,381
Mattress Firm Holding Corp. (I)	3,355		115,882
Monro Muffler Brake, Inc. (L)	9,229		366,484
New York & Company, Inc. (I)	9,090		37,178
Nitori Holdings Company, Ltd.	6,172		476,993
O’Reilly Automotive, Inc. (I)	38,206		3,918,025
Office Depot, Inc. (I) (L)	219,882		864,136
OfficeMax, Inc. (L)	26,011		301,988
Penske Automotive Group, Inc. (L)	12,701		423,705
PetSmart, Inc.	36,890		2,290,869
Pier 1 Imports, Inc. (L)	29,148		670,404
RadioShack Corp. (L)	30,351		101,979
Rent-A-Center, Inc. (L)	44,928		1,659,640
Ross Stores, Inc.	76,332		4,627,246
rue21, Inc. (I) (L)	4,713		138,515
Sanrio Company, Ltd. (L)	8,373		371,595
Select Comfort Corp. (I)	17,087		337,810
Shimamura Company, Ltd.	3,987		466,676
Shoe Carnival, Inc.	4,258		87,034
Signet Jewelers, Ltd. (L)	38,061		2,550,087
Sonic Automotive, Inc., Class A	12,840		284,534
Stage Stores, Inc.	9,171		237,345
Staples, Inc. (L)	231,328		3,106,735
Stein Mart, Inc.	8,533		71,507
Systemax, Inc.	3,525		34,898
The Buckle, Inc. (L)	8,200		382,530
The Cato Corp., Class A	7,972		192,444
The Children’s Place Retail Stores, Inc. (I) (L)	7,240		324,497
The Finish Line, Inc., Class A (L)	15,158		296,945
The Gap, Inc.	102,029		3,611,827
The Home Depot, Inc.	513,232		35,813,329
The Men’s Wearhouse, Inc. (L)	15,183		507,416
The Pep Boys - Manny, Moe & Jack (I) (L)	16,099		189,807
The Wet Seal, Inc., Class A (I)	29,114		87,924
Tiffany & Company (L)	40,906		2,844,603
Tilly’s, Inc., Class A (I)	2,967		37,740
TJX Companies, Inc.	250,323		11,702,600
Tractor Supply Company	32,454		3,379,435

305

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Specialty Retail (continued)
Urban Outfitters, Inc. (I)	37,562	$	1,455,152
USS Company, Ltd.	3,950		453,906
Vitamin Shoppe, Inc. (I) (L)	8,801		429,929
West Marine, Inc. (I)	4,692		53,630
Williams-Sonoma, Inc.	40,564		2,089,857
Winmark Corp. (L)	774		48,754
Yamada Denki Company, Ltd. (L)	15,840		726,616
Zumiez, Inc. (I) (L)	6,675		152,858

			164,194,422
Textiles, Apparel & Luxury Goods - 0.9%
Adidas AG	38,246		3,971,193
Asics Corp.	26,937		445,804
Burberry Group PLC	81,155		1,640,336
Carter’s, Inc. (I)	23,970		1,372,762
Cherokee, Inc.	2,930		40,141
Christian Dior SA	10,028		1,666,447
Cie Financiere Richemont SA	95,699		7,522,975
Coach, Inc.	96,382		4,818,136
Columbia Sportswear Company (L)	3,484		201,654
Crocs, Inc. (I)	27,041		400,748
Culp, Inc.	2,668		42,448
Deckers Outdoor Corp. (I) (L)	16,166		900,285
Delta Apparel, Inc. (I)	2,201		36,250
Fifth & Pacific Companies, Inc. (I)	32,698		617,338
Fossil, Inc. (I)	18,334		1,771,064
G-III Apparel Group, Ltd. (I) (L)	4,949		198,504
Hanesbrands, Inc. (I) (L)	46,251		2,107,196
Hugo Boss AG	4,449		498,568
Iconix Brand Group, Inc. (I) (L)	21,076		545,236
K-Swiss, Inc., Class A (I)	8,727		41,366
Luxottica Group SpA	30,304		1,522,101
LVMH Moet Hennessy Louis Vuitton SA	46,569		8,000,392
Maidenform Brands, Inc. (I)	7,058		123,727
Movado Group, Inc.	5,298		177,589
NIKE, Inc., Class B	249,044		14,696,086
Oxford Industries, Inc. (L)	4,195		222,755
Perry Ellis International, Inc.	3,616		65,775
PVH Corp.	26,812		2,863,790
Quiksilver, Inc. (I)	39,496		239,741
Ralph Lauren Corp.	20,863		3,532,315
RG Barry Corp.	2,973		39,808
Skechers U.S.A., Inc., Class A (I)	11,221		237,324
Steven Madden, Ltd. (I)	11,699		504,695
The Jones Group, Inc. (L)	24,446		310,953
The Swatch Group AG (Bearer Shares)	5,639		3,283,110
The Swatch Group AG (Registered Shares)	7,942		806,772
True Religion Apparel, Inc.	7,799		203,632
Tumi Holdings, Inc. (I) (L)	6,610		138,413
Under Armour, Inc., Class A (I)	36,398		1,863,578
Unifi, Inc. (I)	4,320		82,512
Vera Bradley, Inc. (I) (L)	6,146		145,230
VF Corp.	30,272		5,078,128
Wolverine World Wide, Inc. (L)	14,401		638,972
Yue Yuen Industrial Holdings, Ltd.	134,165		438,458

			74,054,307

			918,881,442
Consumer Staples - 10.0%
Beverages - 2.1%
Anheuser-Busch InBev NV	147,295		14,598,745
Asahi Group Holdings, Ltd.	71,112		1,702,687
Beam, Inc.	55,029		3,496,543


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Beverages (continued)
Brown-Forman Corp., Class B	52,019	$	3,714,157
Carlsberg A/S	19,650		1,916,705
Central European Distribution Corp. (I) (L)	23,106		7,741
Coca Cola Hellenic Bottling Company SA	36,974		990,546
Coca-Cola Amatil, Ltd.	104,954		1,595,917
Coca-Cola Bottling Company Consolidated	1,456		87,826
Coca-Cola Enterprises, Inc.	90,073		3,325,495
Coca-Cola West Company, Ltd.	11,512		200,770
Constellation Brands, Inc., Class A (I)	52,320		2,492,525
Diageo PLC	459,455		14,467,755
Dr. Pepper Snapple Group, Inc.	69,893		3,281,476
Heineken Holding NV	18,543		1,188,821
Heineken NV	42,098		3,177,808
Kirin Holdings Company, Ltd.	159,590		2,571,113
Molson Coors Brewing Company, Class B	53,573		2,621,327
Monster Beverage Corp. (I)	49,435		2,360,027
National Beverage Corp.	3,415		47,981
PepsiCo, Inc.	529,573		41,894,520
Pernod-Ricard SA	38,868		4,848,392
Remy Cointreau SA	4,201		485,763
SABMiller PLC	175,466		9,241,028
The Boston Beer Company, Inc., Class A (I)	2,356		376,112
The Coca-Cola Company	1,315,636		53,204,320
Treasury Wine Estates, Ltd.	119,000		708,566

			174,604,666
Food & Staples Retailing - 2.1%
Aeon Company, Ltd.	110,204		1,426,712
Arden Group, Inc., Class A	347		35,078
Carrefour SA	110,793		3,043,427
Casey’s General Stores, Inc. (L)	11,325		660,248
Casino Guichard Perrachon SA	10,415		1,095,064
Colruyt SA	13,866		670,773
Costco Wholesale Corp.	149,537		15,867,371
CVS Caremark Corp.	422,621		23,239,929
Delhaize Group SA	18,632		1,018,486
Distribuidora Internacional
de Alimentacion SA	112,031		775,569
FamilyMart Company, Ltd.	11,003		502,966
Harris Teeter Supermarkets, Inc. (L)	36,159		1,544,351
Ingles Markets, Inc., Class A	3,934		84,502
J Sainsbury PLC	225,728		1,299,064
Jeronimo Martins SGPS SA (L)	40,470		788,021
Kesko OYJ, B Shares	11,967		374,130
Koninklijke Ahold NV	185,469		2,843,867
Lawson, Inc.	10,992		844,451
Metcash, Ltd.	162,602		702,850
Metro AG	23,738		675,089
Nash Finch Company	3,906		76,479
Natural Grocers by
Vitamin Cottage, Inc. (I) (L)	2,325		52,429
Olam International, Ltd. (L)	283,781		394,489
Pricesmart, Inc. (L)	5,392		419,659
Rite Aid Corp. (I)	201,208		382,295
Roundy’s, Inc. (L)	6,444		42,337
Safeway, Inc.	82,241		2,167,050
Seven & I Holdings Company, Ltd.	137,852		4,571,770
Spartan Stores, Inc.	6,640		116,532
SUPERVALU, Inc. (L)	165,166		832,437
Susser Holdings Corp. (I) (L)	3,326		169,992
Sysco Corp. (L)	201,143		7,074,199
Tesco PLC	1,474,616		8,573,486
The Andersons, Inc. (L)	5,576		298,428
The Chefs’ Warehouse, Inc. (I)	3,751		69,281

306

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Food & Staples Retailing (continued)
The Kroger Company	177,946	$	5,897,130
The Pantry, Inc. (I)	7,326		91,355
United Natural Foods, Inc. (I)	37,771		1,858,333
Village Super Market, Inc., Class A	2,577		86,819
Wal-Mart Stores, Inc.	574,144		42,963,196
Walgreen Company	295,223		14,076,233
Weis Markets, Inc. (L)	3,087		125,641
Wesfarmers, Ltd.	184,588		7,748,266
Whole Foods Market, Inc.	59,162		5,132,304
WM Morrison Supermarkets PLC	411,697		1,729,021
Woolworths, Ltd.	226,019		7,977,520

			170,418,629
Food Products - 2.5%
Ajinomoto Company, Inc.	118,736		1,746,041
Alico, Inc. (L)	1,142		52,818
Annie’s, Inc. (I)	1,575		60,260
Archer-Daniels-Midland Company	226,072		7,625,409
Aryzta AG	15,990		944,796
Associated British Foods PLC	65,508		1,892,953
B&G Foods, Inc.	15,792		481,498
Barry Callebaut AG	339		327,155
Boulder Brands, Inc. (I) (L)	17,858		160,365
Cal-Maine Foods, Inc. (L)	4,304		183,178
Calavo Growers, Inc.	3,744		107,752
Calbee, Inc.	3,000		236,327
Campbell Soup Company (L)	61,515		2,790,320
Chiquita Brands International, Inc. (I)	14,118		109,556
ConAgra Foods, Inc.	142,057		5,087,061
Danone SA	106,127		7,394,319
Darling International, Inc. (I) (L)	35,421		636,161
DE Master Blenders 1753 NV (I)	92,804		1,435,235
Dean Foods Company (I)	63,796		1,156,621
Diamond Foods, Inc. (I) (L)	7,092		119,571
Dole Food Company, Inc. (I) (L)	11,013		120,042
Flowers Foods, Inc.	53,837		1,773,391
Fresh Del Monte Produce, Inc.	11,128		300,233
General Mills, Inc.	221,948		10,944,256
Golden Agri-Resources, Ltd.	1,357,145		636,026
Green Mountain Coffee Roasters, Inc. (I) (L)	57,988		3,291,399
Griffin Land & Nurseries, Inc.	129		3,876
H.J. Heinz Company	110,066		7,954,470
Hillshire Brands Company	57,741		2,029,596
Hormel Foods Corp. (L)	46,146		1,906,753
Ingredion, Inc.	36,251		2,621,672
Inventure Foods, Inc. (I)	4,406		34,279
J&J Snack Foods Corp.	4,394		337,855
John B. Sanfilippo & Son, Inc.	2,432		48,591
Kellogg Company	85,708		5,522,166
Kerry Group PLC	26,006		1,550,447
Kerry Group PLC (London Exchange)	1,204		71,803
Kikkoman Corp.	31,188		545,641
Kraft Foods Group, Inc.	203,400		10,481,202
Lancaster Colony Corp.	14,465		1,113,805
Limoneira Company (L)	2,867		55,390
Lindt & Spruengli AG - PC	159		612,136
Lindt & Spruengli AG - REG	19		857,214
McCormick & Company, Inc., Non-
Voting Shares (L)	45,541		3,349,541
Mead Johnson Nutrition Company	69,514		5,383,859
MEIJI Holdings Company, Ltd.	11,475		525,928
Mondelez International, Inc., Class A	610,418		18,684,895
Nestle SA	591,379		42,783,917
Nippon Meat Packers, Inc.	31,882		515,748


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Food Products (continued)
Nisshin Seifun Group, Inc.	34,037	$	449,913
Nissin Food Products Company, Ltd.	10,499		482,516
Omega Protein Corp. (I)	6,576		70,692
Orkla ASA	139,163		1,116,517
Pilgrim’s Pride Corp. (I) (L)	18,310		168,269
Post Holdings, Inc. (I)	23,243		997,822
Sanderson Farms, Inc.	6,896		376,660
Seaboard Corp.	89		249,199
Seneca Foods Corp., Class A (I)	2,618		86,446
Smithfield Foods, Inc. (I)	58,557		1,550,589
Snyders-Lance, Inc.	13,325		336,590
Suedzucker AG	15,012		634,235
Tate & Lyle PLC	85,633		1,107,854
The Hain Celestial Group, Inc. (I) (L)	11,028		673,590
The Hershey Company	51,531		4,510,508
The J.M. Smucker Company	36,818		3,650,873
Tootsie Roll Industries, Inc. (L)	16,979		507,853
Toyo Suisan Kaisha, Ltd.	15,543		480,095
TreeHouse Foods, Inc. (I)	10,751		700,428
Tyson Foods, Inc., Class A	97,359		2,416,450
Unilever NV	298,577		12,239,934
Unilever PLC	235,326		9,984,243
Wilmar International, Ltd.	352,261		982,750
Yakult Honsha Company, Ltd. (L)	17,666		712,627
Yamazaki Baking Company, Ltd.	20,390		268,897

			201,359,077
Household Products - 1.6%
Central Garden & Pet Company, Class A (I)	11,770		96,749
Church & Dwight Company, Inc. (L)	64,852		4,191,385
Colgate-Palmolive Company	150,906		17,811,435
Energizer Holdings, Inc. (L)	29,078		2,899,949
Harbinger Group, Inc. (I)	12,662		104,588
Henkel AG & Company, KGaA	23,846		1,882,988
Kimberly-Clark Corp.	133,052		13,036,435
Oil-Dri Corp. of America	1,547		42,125
Orchids Paper Products Company	1,916		44,700
Reckitt Benckiser Group PLC	118,633		8,512,565
Spectrum Brands Holdings, Inc.	6,758		382,435
Svenska Cellulosa AB, B Shares	106,499		2,749,797
The Clorox Company (L)	44,944		3,978,892
The Procter & Gamble Company	937,660		72,256,080
Unicharm Corp.	20,922		1,195,496
WD-40 Company	4,700		257,419

			129,443,038
Personal Products - 0.3%
Avon Products, Inc.	148,381		3,075,938
Beiersdorf AG	18,542		1,712,893
Elizabeth Arden, Inc. (I)	7,548		303,807
Inter Parfums, Inc.	4,896		119,609
Kao Corp.	96,704		3,133,182
L’Oreal SA	44,563		7,070,800
Medifast, Inc. (I)	4,233		97,020
Nature’s Sunshine Products, Inc. (L)	3,776		57,546
Nutraceutical International Corp.	3,196		55,451
Prestige Brands Holdings, Inc. (I)	15,278		392,492
Revlon, Inc., Class A (I)	3,635		81,279
Shiseido Company, Ltd. (L)	66,046		927,675
Star Scientific, Inc. (I) (L)	46,439		77,089
The Estee Lauder Companies, Inc., Class A	82,284		5,268,645
The Female Health Company (L)	6,667		48,269
USANA Health Sciences, Inc. (I) (L)	1,939		93,712

			22,515,407

307

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Tobacco - 1.4%
Alliance One International, Inc. (I) (L)	27,268	$	106,073
Altria Group, Inc. (L)	689,900		23,725,661
British American Tobacco PLC	354,351		18,972,892
Imperial Tobacco Group PLC (I)	180,972		6,336,382
Japan Tobacco, Inc.	164,723		5,272,083
Lorillard, Inc.	130,215		5,254,175
Philip Morris International, Inc.	565,613		52,437,981
Reynolds American, Inc.	110,449		4,913,876
Swedish Match AB	37,863		1,176,519
Universal Corp. (L)	17,788		996,840
Vector Group, Ltd. (L)	16,825		271,219

			119,463,701

			817,804,518
Energy - 9.0%
Energy Equipment & Services - 1.6%
Aker Solutions ASA	29,906		558,984
AMEC PLC	55,508		891,412
Atwood Oceanics, Inc. (I) (L)	26,780		1,407,021
Baker Hughes, Inc.	151,659		7,038,494
Basic Energy Services, Inc. (I) (L)	9,623		131,546
Bolt Technology Corp.	3,097		54,074
Bristow Group, Inc.	10,570		696,986
C&J Energy Services, Inc. (I) (L)	13,324		305,120
Cal Dive International, Inc. (I) (L)	30,804		55,447
Cameron International Corp. (I)	85,077		5,547,020
CARBO Ceramics, Inc.	9,220		839,665
Cie Generale de Geophysique-Veritas (I)	29,198		656,780
Dawson Geophysical Company (I)	2,493		74,790
Diamond Offshore Drilling, Inc. (L)	23,861		1,659,771
Dresser-Rand Group, Inc. (I)	35,596		2,194,849
Dril-Quip, Inc. (I)	29,083		2,535,165
Ensco PLC, Class A	79,794		4,787,640
Exterran Holdings, Inc. (I)	19,350		522,450
FMC Technologies, Inc. (I)	81,600		4,438,224
Forum Energy Technologies, Inc. (I) (L)	6,696		192,577
Fugro NV	12,686		704,945
Geospace Technologies Corp. (I)	3,817		411,931
Gulf Island Fabrication, Inc.	4,500		94,770
Gulfmark Offshore, Inc., Class A	8,023		312,576
Halliburton Company	319,855		12,925,341
Heckmann Corp. (I) (L)	42,907		184,071
Helix Energy Solutions Group, Inc. (I)	78,012		1,784,915
Helmerich & Payne, Inc. (L)	36,478		2,214,215
Hercules Offshore, Inc. (I)	47,816		354,795
Hornbeck Offshore Services, Inc. (I)	10,591		492,058
ION Geophysical Corp. (I) (L)	40,030		272,604
Key Energy Services, Inc. (I)	45,655		368,892
Lufkin Industries, Inc. (L)	10,090		669,875
Matrix Service Company (I)	7,978		118,872
Mitcham Industries, Inc. (I) (L)	4,070		68,864
Nabors Industries, Ltd.	99,896		1,620,313
National Oilwell Varco, Inc.	146,450		10,361,338
Natural Gas Services Group, Inc. (I)	3,916		75,422
Newpark Resources, Inc. (I) (L)	27,025		250,792
Noble Corp. (L)	86,751		3,309,551
Oceaneering International, Inc.	50,799		3,373,562
Oil States International, Inc. (I)	25,738		2,099,449
Parker Drilling Company (I)	35,802		153,233
Patterson-UTI Energy, Inc. (L)	68,605		1,635,543
Petrofac, Ltd.	47,713		1,039,619
PHI, Inc. (I)	4,079		139,543
Pioneer Energy Services Corp. (I)	19,101		157,583


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Energy Equipment & Services (continued)
RigNet, Inc. (I)	4,002	$	99,810
Rowan Companies PLC, Class A (I)	42,650		1,508,104
Saipem SpA	48,720		1,501,453
Schlumberger, Ltd.	455,935		34,144,972
Seadrill, Ltd.	64,735		2,355,561
Subsea 7 SA	51,710		1,213,017
Superior Energy Services, Inc. (I)	74,946		1,946,348
Technip SA	18,632		1,911,384
Tenaris SA	86,913		1,768,627
Tesco Corp. (I)	9,256		123,938
TETRA Technologies, Inc. (I)	23,573		241,859
TGC Industries, Inc.	5,240		51,876
Tidewater, Inc. (L)	23,227		1,172,964
Transocean, Ltd. (I)	65,966		3,408,356
Unit Corp. (I)	20,601		938,376
Vantage Drilling Company (I) (L)	59,607		104,312
Willbros Group, Inc. (I)	12,528		123,025
WorleyParsons, Ltd.	37,868		977,224

			133,373,893
Oil, Gas & Consumable Fuels - 7.4%
Abraxas Petroleum Corp. (I) (L)	28,222		65,193
Alon USA Energy, Inc.	3,128		59,588
Alpha Natural Resources, Inc. (I) (L)	103,832		852,461
Amyris, Inc. (I) (L)	10,317		31,776
Anadarko Petroleum Corp.	171,819		15,025,572
Apache Corp.	134,476		10,376,168
Apco Oil and Gas International, Inc.	3,056		37,894
Approach Resources, Inc. (I) (L)	10,179		250,505
Arch Coal, Inc. (L)	164,509		893,284
Berry Petroleum Company, Class A	15,783		730,595
BG Group PLC	623,322		10,700,455
Bill Barrett Corp. (I) (L)	37,252		755,098
Bonanza Creek Energy, Inc. (I)	3,028		117,093
BP PLC, ADR	3,496,551		24,555,252
BPZ Resources, Inc. (I)	33,220		75,409
Cabot Oil & Gas Corp.	72,231		4,883,538
Callon Petroleum Company (I)	13,094		48,448
Caltex Australia, Ltd.	24,409		545,230
Carrizo Oil & Gas, Inc. (I) (L)	12,093		311,637
Chesapeake Energy Corp. (L)	178,733		3,647,941
Chevron Corp.	666,849		79,234,998
Cimarex Energy Company	40,557		3,059,620
Clayton Williams Energy, Inc. (I) (L)	1,964		85,886
Clean Energy Fuels Corp. (I) (L)	20,350		264,550
Cloud Peak Energy, Inc. (I) (L)	18,584		349,008
Comstock Resources, Inc. (I)	14,619		237,559
ConocoPhillips	419,122		25,189,232
CONSOL Energy, Inc. (L)	78,310		2,635,132
Contango Oil & Gas Company (L)	3,883		155,669
Cosmo Oil Company, Ltd. (I)	103,248		217,316
Crosstex Energy, Inc.	12,677		244,159
CVR Energy, Inc.	4,988		257,481
Delek Group, Ltd.	859		241,282
Delek US Holdings, Inc.	5,112		201,720
Denbury Resources, Inc. (I)	128,188		2,390,706
Devon Energy Corp. (L)	129,605		7,312,314
Emerald Oil, Inc. (I)	5,468		38,495
Endeavour International Corp. (I) (L)	14,845		43,793
Energen Corp.	33,962		1,766,364
Energy XXI Bermuda, Ltd.	23,673		644,379
Eni SpA	466,626		10,478,025
EOG Resources, Inc.	93,278		11,946,113
EPL Oil & Gas, Inc. (I)	8,409		225,445

308

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels (continued)
EQT Corp.	51,676	$	3,501,049
Evolution Petroleum Corp. (I)	5,892		59,804
Exxon Mobil Corp.	1,537,951		138,584,765
Forest Oil Corp. (I)	91,815		482,947
Frontline, Ltd. (I) (L)	16,227		37,971
FX Energy, Inc. (I)	17,165		57,674
Galp Energia SGPS SA	49,612		777,768
GasLog, Ltd.	7,787		100,141
Goodrich Petroleum Corp. (I) (L)	8,310		130,052
Green Plains Renewable Energy, Inc. (I) (L)	7,948		90,925
Gulfport Energy Corp. (I)	19,670		901,476
Halcon Resources Corp. (I)	33,960		264,548
Harvest Natural Resources, Inc. (I) (L)	11,987		42,074
Hess Corp.	101,993		7,303,719
HollyFrontier Corp.	95,596		4,918,414
Idemitsu Kosan Company, Ltd.	3,987		347,261
Inpex Corp.	403		2,166,052
Isramco, Inc. (I)	20		1,983
Japan Petroleum Exploration Company, Ltd.	5,354		210,785
JX Holdings, Inc.	412,537		2,318,873
Kinder Morgan, Inc.	216,841		8,387,410
KiOR, Inc., Class A (I) (L)	9,020		41,943
Knightsbridge Tankers, Ltd. (L)	7,882		64,632
Kodiak Oil & Gas Corp. (I)	79,506		722,710
Lundin Petroleum AB (I)	40,922		886,664
Magnum Hunter Resources Corp. (I)	45,706		183,281
Marathon Oil Corp.	242,927		8,191,498
Marathon Petroleum Corp.	113,768		10,193,613
Matador Resources Company (I) (L)	4,608		40,827
McMoRan Exploration Company (I)	30,532		499,198
Midstates Petroleum Company, Inc. (I)	8,218		70,264
Miller Energy Resources, Inc. (I) (L)	10,472		38,851
Murphy Oil Corp.	62,177		3,962,540
Neste Oil OYJ	22,754		321,211
Newfield Exploration Company (I)	46,412		1,040,557
Noble Energy, Inc.	61,638		7,129,051
Nordic American Tankers, Ltd. (L)	16,255		187,745
Northern Oil and Gas, Inc. (I) (L)	47,227		679,124
Oasis Petroleum, Inc. (I) (L)	24,077		916,611
Occidental Petroleum Corp.	276,501		21,669,383
OMV AG	26,964		1,147,604
Origin Energy, Ltd.	200,288		2,778,499
Panhandle Oil and Gas, Inc., Class A	2,326		66,640
PDC Energy, Inc. (I)	9,039		448,063
Peabody Energy Corp.	92,555		1,957,538
Penn Virginia Corp. (L)	17,321		69,977
Petroquest Energy, Inc. (I) (L)	18,545		82,340
Phillips 66	213,340		14,927,400
Pioneer Natural Resources Company	45,433		5,645,050
Plains Exploration & Production Company (I)	60,543		2,873,976
QEP Resources, Inc.	61,282		1,951,219
Quicksilver Resources, Inc. (I) (L)	93,592		210,582
Range Resources Corp.	55,895		4,529,731
Repsol SA	152,958		3,112,270
Resolute Energy Corp. (I)	15,193		174,871
REX American Resources Corp. (I)	1,885		41,696
Rex Energy Corp. (I) (L)	13,286		218,953
Rosetta Resources, Inc. (I)	40,611		1,932,271
Royal Dutch Shell PLC, B Shares	480,577		15,991,826
Royal Dutch Shell PLC, Class A (London
Stock Exchange)	694,399		22,551,340
Sanchez Energy Corp. (I) (L)	3,829		76,274
Santos, Ltd.	175,634		2,283,680


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels (continued)
Scorpio Tankers, Inc. (I)	13,726	$	122,436
SemGroup Corp., Class A (I)	12,587		651,000
Ship Finance International, Ltd.	14,499		255,762
Showa Shell Sekiyu KK	35,473		251,896
SM Energy Company	31,042		1,838,307
Solazyme, Inc. (I) (L)	10,567		82,528
Southwestern Energy Company (I)	120,493		4,489,569
Spectra Energy Corp.	229,343		7,052,297
Statoil ASA	204,339		4,989,122
Stone Energy Corp. (I) (L)	15,028		326,859
Swift Energy Company (I) (L)	13,130		194,455
Synergy Resources Corp. (I)	12,424		85,229
Targa Resources Corp.	8,597		584,252
Teekay Tankers, Ltd., Class A (L)	19,915		56,758
Tesoro Corp.	47,171		2,761,862
The Williams Companies, Inc.	233,933		8,763,130
TonenGeneral Sekiyu KK	53,557		531,201
Total SA	390,498		18,664,450
Triangle Petroleum Corp. (I) (L)	14,261		94,123
Tullow Oil PLC	166,754		3,121,255
Uranerz Energy Corp. (I) (L)	23,945		30,410
Uranium Energy Corp. (I) (L)	28,370		62,414
Vaalco Energy, Inc. (I) (L)	17,564		133,311
Valero Energy Corp.	189,799		8,633,957
W&T Offshore, Inc. (L)	10,600		150,520
Warren Resources, Inc. (I)	23,993		77,018
Western Refining, Inc. (L)	17,191		608,733
Westmoreland Coal Company (I)	3,903		44,338
Whitehaven Coal, Ltd.	85,849		190,227
Woodside Petroleum, Ltd.	120,637		4,517,137
World Fuel Services Corp.	33,931		1,347,739
WPX Energy, Inc. (I) (L)	68,698		1,100,542

			603,592,414

			736,966,307
Financials - 18.4%
Capital Markets - 2.0%
3i Group PLC	177,147		854,597
Aberdeen Asset Management PLC	163,993		1,074,595
Affiliated Managers Group, Inc. (I)	24,674		3,789,186
Ameriprise Financial, Inc.	69,843		5,143,937
Apollo Investment Corp.	156,731		1,310,271
Arlington Asset Investment Corp., Class A (L)	3,619		93,406
BGC Partners, Inc., Class A	31,251		130,004
BlackRock Kelso Capital Corp.	22,529		225,290
BlackRock, Inc. (L)	43,173		11,090,280
Calamos Asset Management, Inc., Class A	6,621		77,929
Capital Southwest Corp.	914		105,110
Cohen & Steers, Inc. (L)	5,727		206,573
Cowen Group, Inc., Class A (I)	29,575		83,402
Credit Suisse Group AG	230,100		6,072,673
Daiwa Securities Group, Inc.	304,576		2,157,583
Deutsche Bank AG	170,379		6,648,402
Diamond Hill Investment Group, Inc.	887		69,017
Duff & Phelps Corp., Class A	9,611		149,067
E*TRADE Financial Corp. (I)	97,935		1,048,884
Eaton Vance Corp. (L)	54,674		2,287,013
Evercore Partners, Inc., Class A	8,766		364,666
FBR & Company (I)	3,173		60,065
Federated Investors, Inc., Class B (L)	44,031		1,042,214
Fidus Investment Corp.	3,943		75,508
Fifth Street Finance Corp.	29,055		320,186
Financial Engines, Inc. (L)	14,173		513,346

309

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Capital Markets (continued)
Franklin Resources, Inc.	47,418	$	7,151,109
FXCM, Inc., Class A (L)	7,485		102,395
GAMCO Investors, Inc., Class A (L)	2,076		110,256
GFI Group, Inc.	22,089		73,777
Gladstone Capital Corp. (L)	7,103		65,348
Gladstone Investment Corp.	8,760		64,036
Golub Capital BDC, Inc.	5,018		82,847
Greenhill & Company, Inc. (L)	20,944		1,117,991
GSV Capital Corp. (I) (L)	6,529		53,930
Hargreaves Lansdown PLC	43,600		575,443
Harris & Harris Group, Inc. (I)	10,507		37,825
Hercules Technology Growth Capital, Inc.	16,379		200,643
HFF, Inc., Class A	9,996		199,220
Horizon Technology Finance Corp.	2,690		39,301
ICAP PLC	99,274		438,502
ICG Group, Inc. (I)	11,810		147,389
INTL. FCStone, Inc. (I) (L)	4,568		79,529
Invesco, Ltd.	151,355		4,383,241
Investec PLC	98,583		688,019
Investment Technology Group, Inc. (I)	12,534		138,375
Janus Capital Group, Inc. (L)	89,443		840,764
JMP Group, Inc.	5,770		39,871
Julius Baer Group, Ltd.	39,790		1,550,040
KCAP Financial, Inc. (L)	7,181		77,339
Knight Capital Group, Inc., Class A (I)	55,797		207,565
Ladenburg Thalmann
Financial Services, Inc. (I) (L)	33,450		55,527
Legg Mason, Inc. (L)	39,395		1,266,549
Macquarie Group, Ltd.	58,827		2,285,006
Main Street Capital Corp.	8,816		282,905
Manning & Napier, Inc.	4,377		72,396
MCG Capital Corp.	23,893		114,209
Medallion Financial Corp.	5,749		76,002
Mediobanca SpA	93,728		480,270
Medley Capital Corp. (L)	7,276		115,325
Morgan Stanley	471,252		10,358,119
MVC Capital, Inc.	7,672		98,432
New Mountain Finance Corp.	4,985		72,881
NGP Capital Resources Company	7,535		53,574
Nomura Holdings, Inc.	667,134		4,137,823
Northern Trust Corp. (L)	74,701		4,075,687
Oppenheimer Holdings, Inc., Class A	3,456		67,288
Partners Group Holding AG	3,185		786,400
PennantPark Investment Corp.	20,347		229,718
Piper Jaffray Companies (I) (L)	4,694		161,004
Prospect Capital Corp.	47,486		518,072
Ratos AB	36,078		381,531
Raymond James Financial, Inc.	53,108		2,448,279
Safeguard Scientifics, Inc. (I) (L)	6,765		106,887
SBI Holdings, Inc. (L)	42,190		374,683
Schroders PLC	20,526		660,696
SEI Investments Company	63,268		1,825,282
Solar Capital, Ltd.	12,184		286,202
Solar Senior Capital, Ltd.	3,141		60,307
State Street Corp.	156,831		9,267,144
Stifel Financial Corp. (I) (L)	18,636		646,110
SWS Group, Inc. (I)	10,065		60,893
T. Rowe Price Group, Inc.	88,904		6,656,242
The Bank of New York Mellon Corp.	399,378		11,178,590
The Charles Schwab Corp. (L)	377,262		6,673,765
The Goldman Sachs Group, Inc.	150,199		22,101,783
THL Credit, Inc.	4,786		71,694
TICC Capital Corp.	13,187		131,079


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Capital Markets (continued)
Triangle Capital Corp.	8,542	$	239,091
UBS AG	667,947		10,257,775
Virtus Investment Partners, Inc. (I)	1,830		340,892
Waddell & Reed Financial, Inc., Class A (L)	40,175		1,758,862
Walter Investment Management Corp. (I) (L)	10,795		402,114
Westwood Holdings Group, Inc.	2,173		96,546
WisdomTree Investments, Inc. (I)	18,118		188,427

			164,980,020
Commercial Banks - 5.6%
1st Source Corp.	4,479		106,152
1st United Bancorp, Inc.	9,450		61,047
Access National Corp.	2,791		45,772
American National Bankshares, Inc.	2,786		60,066
Ameris Bancorp (I)	7,546		108,285
Ames National Corp.	2,853		59,514
Aozora Bank, Ltd.	198,064		559,080
Arrow Financial Corp. (L)	3,527		86,905
Associated Banc-Corp.	78,951		1,199,266
Australia & New Zealand Banking Group, Ltd.	498,388		14,861,316
Banca Monte dei Paschi di Siena SpA (I) (L)	1,209,773		288,655
Bancfirst Corp.	1,931		80,523
Banco Bilbao Vizcaya Argentaria SA	999,257		8,713,514
Banco de Sabadell SA	522,643		960,436
Banco Espirito Santo SA (I)	361,474		370,770
Banco Latinoamericano de
Comercio Exterior SA	8,408		208,014
Banco Popolare SC (I)	318,968		404,902
Banco Popular Espanol SA	1,003,711		751,542
Banco Santander SA	1,932,489		13,073,196
BancorpSouth, Inc. (L)	67,402		1,098,653
Bank Hapoalim, Ltd. (I)	193,523		878,150
Bank Leumi Le-Israel, Ltd. (I)	229,540		809,638
Bank of East Asia, Ltd.	224,339		884,854
Bank of Hawaii Corp. (L)	21,057		1,069,906
Bank of Marin Bancorp, Class A	1,845		73,966
Bank of the Ozarks, Inc. (L)	8,687		385,268
Bankia SA (I) (L)	187,577		40,108
Banner Corp.	5,893		187,574
Banque Cantonale Vaudoise	565		315,859
Barclays PLC	2,132,400		9,450,756
BB&T Corp.	240,216		7,540,380
BBCN Bancorp, Inc.	23,783		310,606
Bendigo and Adelaide Bank, Ltd.	74,926		804,283
BNP Paribas SA	183,972		9,477,790
BOC Hong Kong Holdings, Ltd.	680,652		2,276,603
Boston Private Financial Holdings, Inc. (L)	24,016		237,278
Bridge Bancorp, Inc.	2,983		64,164
Bridge Capital Holdings (I)	3,432		52,304
Bryn Mawr Bank Corp.	3,876		90,233
BSB Bancorp, Inc. (I)	3,091		42,687
C&F Financial Corp.	1,123		45,987
CaixaBank (L)	205,937		699,308
Camden National Corp.	2,503		82,799
Capital City Bank Group, Inc. (I)	3,997		49,363
Cardinal Financial Corp.	9,038		164,311
Cathay General Bancorp	58,006		1,167,081
Centerstate Banks, Inc.	9,748		83,638
Central Pacific Financial Corp. (I)	6,753		106,022
Chemical Financial Corp.	8,228		217,055
Citizens & Northern Corp.	4,171		81,335
Citizens Republic Bancorp, Inc. (I)	12,051		271,750
City Holding Company (L)	4,751		189,042
City National Corp. (L)	22,212		1,308,509

310

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Banks (continued)
CNB Financial Corp.	4,485	$	76,469
CoBiz Financial, Inc.	11,213		90,601
Columbia Banking System, Inc. (L)	12,008		263,936
Comerica, Inc.	64,417		2,315,791
Commerce Bancshares, Inc.	36,242		1,479,761
Commerzbank AG (I) (L)	695,658		1,022,326
Commonwealth Bank of Australia	295,012		20,969,175
Community Bank Systems, Inc. (L)	11,729		347,530
Community Trust Bancorp, Inc.	4,188		142,518
Credit Agricole SA (I)	183,559		1,517,620
Cullen/Frost Bankers, Inc. (L)	28,902		1,807,242
CVB Financial Corp.	26,695		300,853
Danske Bank A/S (I)	120,387		2,158,234
DBS Group Holdings, Ltd.	335,810		4,344,277
DNB ASA	179,415		2,640,422
Eagle Bancorp, Inc. (I)	5,701		124,795
East West Bancorp, Inc.	65,788		1,688,778
Enterprise Financial Services Corp.	5,934		85,094
Erste Group Bank AG (I)	39,796		1,110,969
Fidelity Southern Corp. (I)	3,442		39,583
Fifth Third Bancorp	300,445		4,900,258
Financial Institutions, Inc.	4,450		88,822
First Bancorp North Carolina	5,228		70,526
First BanCorp Puerto Rico (I) (L)	21,146		131,740
First Bancorp, Inc. Maine	3,271		58,911
First Busey Corp.	24,054		109,927
First California Financial Group, Inc. (I)	7,404		63,082
First Commonwealth Financial Corp. (L)	31,620		235,885
First Community Bancshares, Inc.	5,636		89,331
First Connecticut Bancorp, Inc.	6,086		89,647
First Financial Bancorp	17,832		286,204
First Financial Bankshares, Inc. (L)	9,346		454,216
First Financial Corp.	3,537		111,380
First Financial Holdings, Inc.	5,262		110,292
First Horizon National Corp. (L)	83,479		891,556
First Interstate Bancsystem, Inc.	4,970		93,486
First Merchants Corp.	8,695		134,512
First Midwest Bancorp, Inc.	22,833		303,222
First Niagara Financial Group, Inc.	165,290		1,464,469
FirstMerit Corp. (L)	84,500		1,396,785
FNB Corp.	41,828		506,119
FNB United Corp. (I) (L)	3,172		30,959
Fukuoka Financial Group, Inc.	140,078		702,368
Fulton Financial Corp. (L)	93,245		1,090,967
German American Bancorp, Inc.	4,123		94,870
Glacier Bancorp, Inc. (L)	21,855		414,808
Great Southern Bancorp, Inc.	3,239		78,999
Hancock Holding Company	62,678		1,938,004
Hang Seng Bank, Ltd.	140,751		2,257,459
Hanmi Financial Corp. (I)	9,729		155,664
Heartland Financial USA, Inc.	4,635		117,126
Heritage Commerce Corp. (I)	7,221		48,597
Heritage Financial Corp.	5,335		77,358
Heritage Oaks Bancorp (I)	7,643		43,565
Hokuhoku Financial Group, Inc.	308		627
Home BancShares, Inc.	6,694		252,163
Horizon Bancorp	2,439		49,292
HSBC Holdings PLC	3,375,225		35,932,271
Hudson Valley Holding Corp.	5,174		77,144
Huntington Bancshares, Inc.	288,991		2,135,643
Iberiabank Corp.	8,840		442,177
Independent Bank Corp. - Massachusetts (L)	6,728		219,266
International Bancshares Corp.	41,587		865,010


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Banks (continued)
Intesa Sanpaolo RSP	175,621	$	222,642
Intesa Sanpaolo SpA	1,849,252		2,725,191
Investors Bancorp, Inc.	13,333		250,394
KBC Groep NV	43,345		1,495,392
KeyCorp	317,087		3,158,187
Lakeland Bancorp, Inc.	8,970		88,355
Lakeland Financial Corp.	5,183		138,334
Lloyds Banking Group PLC (I)	7,731,758		5,752,511
M&T Bank Corp. (L)	41,976		4,330,244
MainSource Financial Group, Inc.	6,480		90,979
MB Financial, Inc.	16,411		396,654
Mercantile Bank Corp.	2,994		50,030
Merchants Bancshares, Inc.	1,936		58,341
Metro Bancorp, Inc. (I)	4,817		79,673
MetroCorp Bancshares, Inc. (I)	5,542		55,919
Middleburg Financial Corp.	2,218		43,051
Mitsubishi UFJ Financial Group	2,338,876		14,098,289
Mizrahi Tefahot Bank, Ltd. (I)	23,314		248,855
Mizuho Financial Group, Inc. (L)	4,191,643		9,000,678
National Australia Bank, Ltd.	425,765		13,706,877
National Bankshares, Inc. (L)	2,324		81,177
National Penn Bancshares, Inc. (L)	36,944		394,931
Natixis	167,884		638,349
NBT Bancorp, Inc.	13,477		298,518
Nordea Bank AB	482,228		5,471,723
Northrim BanCorp, Inc.	2,252		50,602
Old National Bancorp	30,353		417,354
OmniAmerican Bancorp, Inc. (I)	3,743		94,623
Oriental Financial Group, Inc. (L)	13,040		202,250
Oversea-Chinese Banking Corp., Ltd.	474,663		4,083,768
Pacific Continental Corp.	6,404		71,533
PacWest Bancorp (L)	9,096		264,785
Park National Corp. (L)	3,389		236,518
Park Sterling Corp. (I)	14,869		83,861
Penns Woods Bancorp, Inc.	1,440		58,997
Peoples Bancorp, Inc.	3,509		78,567
Pinnacle Financial Partners, Inc. (I) (L)	10,436		243,785
PNC Financial Services Group, Inc.	181,394		12,062,701
Preferred Bank (I)	4,010		63,278
PrivateBancorp, Inc.	19,280		364,585
Prosperity Bancshares, Inc. (L)	34,973		1,657,370
Raiffeisen Bank International AG (L)	9,203		313,251
Regions Financial Corp.	485,139		3,973,288
Renasant Corp. (L)	7,705		172,438
Republic Bancorp, Inc., Class A (L)	3,179		71,973
Resona Holdings, Inc.	346,382		1,829,679
Royal Bank of Scotland Group PLC (I)	390,909		1,644,738
S&T Bancorp, Inc. (L)	8,855		164,172
Sandy Spring Bancorp, Inc.	7,414		149,021
SCBT Financial Corp.	4,817		242,777
Seacoast Banking Corp. of Florida (I)	27,266		56,986
Seven Bank, Ltd.	100,690		324,040
Shinsei Bank, Ltd.	275,237		633,292
Sierra Bancorp	4,169		54,822
Signature Bank (I) (L)	21,673		1,706,965
Simmons First National Corp., Class A	5,301		134,221
Skandinaviska Enskilda Banken
AB, Series A (L)	259,307		2,608,347
Societe Generale SA (I)	128,517		4,239,668
Southside Bancshares, Inc. (L)	5,484		115,219
Southwest Bancorp, Inc. (I)	6,236		78,324
Standard Chartered PLC	442,065		11,451,693
State Bank Financial Corp.	9,997		163,651

311

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Banks (continued)
StellarOne Corp.	7,239	$	116,910
Sterling Bancorp	10,375		105,410
Sterling Financial Corp.	8,359		181,307
Suffolk Bancorp (I)	3,365		47,918
Sumitomo Mitsui Financial Group, Inc.	246,412		10,111,655
Sumitomo Mitsui Trust Holdings, Inc.	571,956		2,720,550
Sun Bancorp, Inc. (I)	13,374		45,605
SunTrust Banks, Inc.	184,995		5,329,706
Suruga Bank, Ltd.	34,088		547,372
Susquehanna Bancshares, Inc.	55,955		695,521
SVB Financial Group (I)	20,972		1,487,754
Svenska Handelsbanken AB, Class A (L)	91,185		3,902,791
Swedbank AB, Class A (L)	148,204		3,376,715
SY Bancorp, Inc.	4,136		93,060
Synovus Financial Corp. (L)	370,323		1,025,795
Taylor Capital Group, Inc. (I) (L)	5,119		81,853
TCF Financial Corp. (L)	76,480		1,144,141
Texas Capital Bancshares, Inc. (I) (L)	12,055		487,625
The Bancorp, Inc. (I)	9,508		131,686
The Bank of Kyoto, Ltd.	60,355		591,549
The Bank of Yokohama, Ltd.	222,776		1,292,218
The Chiba Bank, Ltd.	136,129		981,419
The Chugoku Bank, Ltd.	32,112		519,458
The First of Long Island Corp.	2,767		82,042
The Gunma Bank, Ltd.	68,025		406,067
The Hachijuni Bank, Ltd.	74,874		448,087
The Hiroshima Bank, Ltd.	91,000		440,512
The Iyo Bank, Ltd.	48,759		452,579
The Joyo Bank, Ltd.	117,685		656,430
The Nishi-Nippon City Bank, Ltd.	127,559		396,028
The Shizuoka Bank, Ltd.	97,299		1,098,494
Tompkins Financial Corp. (L)	3,403		143,879
TowneBank (L)	8,254		123,562
Trico Bancshares	5,146		87,997
Trustmark Corp. (L)	50,855		1,271,884
U.S. Bancorp	639,622		21,702,374
UMB Financial Corp. (L)	9,559		469,060
Umpqua Holdings Corp. (L)	33,239		440,749
UniCredit SpA (I)	744,543		3,201,246
Union First Market Bankshares Corp.	6,327		123,756
Unione di Banche Italiane SCPA	155,968		576,046
United Bankshares, Inc.	15,004		399,256
United Community Banks, Inc. (I)	13,078		148,305
United Overseas Bank, Ltd.	233,364		3,841,412
Univest Corp. of Pennsylvania	5,446		94,869
Valley National Bancorp (L)	93,600		958,464
Virginia Commerce Bancorp, Inc. (I)	8,463		118,905
Washington Banking Company	5,169		72,056
Washington Trust Bancorp, Inc.	4,607		126,140
Webster Financial Corp.	59,153		1,435,052
Wells Fargo & Company	1,682,631		62,240,521
WesBanco, Inc.	7,503		179,697
West Bancorp, Inc.	5,512		61,183
West Coast Bancorp	6,039		146,627
Westamerica Bancorp. (L)	21,037		953,607
Western Alliance Bancorp (I) (L)	22,180		306,971
Westpac Banking Corp.	564,930		18,171,174
Wilshire Bancorp, Inc. (I)	19,113		129,586
Wing Hang Bank, Ltd.	33,650		358,272
Wintrust Financial Corp. (L)	10,861		402,291
Yamaguchi Financial Group, Inc.	39,936		398,975
Zions Bancorporation (L)	63,209		1,579,593

			455,997,098


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Consumer Finance - 0.6%
Acom Company, Ltd. (I)	7,000	$	200,236
AEON Credit Service Company, Ltd. (L)	12,253		347,334
American Express Company	329,882		22,253,840
Asset Acceptance Capital Corp. (I)	5,482		36,949
Asta Funding, Inc.	3,687		35,395
Capital One Financial Corp.	199,861		10,982,362
Cash America International, Inc. (L)	8,830		463,310
Credit Acceptance Corp. (I)	2,344		286,296
Credit Saison Company, Ltd.	28,795		720,969
DFC Global Corp. (I) (L)	13,427		223,425
Discover Financial Services	170,047		7,624,907
Encore Capital Group, Inc. (I) (L)	6,611		198,991
Ezcorp, Inc., Class A (I)	14,533		309,553
First Cash Financial Services, Inc. (I) (L)	8,576		500,324
Green Dot Corp., Class A (I)	7,695		128,583
Nelnet, Inc., Class A	7,156		241,873
Netspend Holdings, Inc. (I)	8,838		140,436
Nicholas Financial, Inc. (L)	3,382		49,715
Portfolio Recovery Associates, Inc. (I) (L)	5,113		648,942
Regional Management Corp. (I) (L)	1,722		34,784
SLM Corp.	155,607		3,186,831
World Acceptance Corp. (I) (L)	3,129		268,687

			48,883,742
Diversified Financial Services - 2.5%
ASX, Ltd.	32,195		1,217,881
Bank of America Corp.	3,714,136		45,238,176
CBOE Holdings, Inc.	40,886		1,510,329
Citigroup, Inc.	1,043,073		46,145,550
CME Group, Inc.	105,350		6,467,437
Deutsche Boerse AG	35,468		2,147,957
Eurazeo	5,610		284,666
Exor SpA	12,068		338,214
First Pacific Company, Ltd.	379,275		515,137
Groupe Bruxelles Lambert SA	14,842		1,135,392
Hong Kong Exchanges & Clearing, Ltd.	200,546		3,425,441
Industrivarden AB, C Shares (I)	20,983		382,639
ING Groep NV (I)	701,451		5,041,155
IntercontinentalExchange, Inc. (I) (L)	24,938		4,066,640
Investment AB Kinnevik, B Shares	37,721		914,841
Investor AB, B Shares	83,781		2,423,418
JPMorgan Chase & Company	1,313,810		62,353,423
Leucadia National Corp.	100,678		2,761,604
London Stock Exchange Group PLC	31,942		637,740
MarketAxess Holdings, Inc.	11,132		415,224
Marlin Business Services Corp.	2,544		58,995
MicroFinancial, Inc.	482		4,063
Mitsubishi UFJ Lease &
Finance Company, Ltd.	105,380		551,837
Moody’s Corp. (L)	66,514		3,546,526
MSCI, Inc. (I)	56,413		1,914,093
NewStar Financial, Inc. (I) (L)	7,978		105,549
NYSE Euronext	83,412		3,223,040
ORIX Corp. (I)	192,340		2,456,696
Osaka Securities Exchange Company, Ltd. (L)	9,400		876,013
Pargesa Holding SA	5,088		346,352
PHH Corp. (I) (L)	16,925		371,673
PICO Holdings, Inc. (I)	7,081		157,198
Pohjola Bank OYJ (L)	24,748		361,217
Resource America, Inc., Class A	4,651		46,324
Singapore Exchange, Ltd.	157,648		980,554
The NASDAQ OMX Group, Inc.	40,378		1,304,209

312

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Diversified Financial Services (continued)
Wendel SA	5,971	$	632,890

			204,360,093
Insurance - 4.2%
ACE, Ltd. (L)	116,473		10,362,603
Admiral Group PLC	37,223		755,244
Aegon NV	326,194		1,963,933
Aflac, Inc.	160,552		8,351,915
Ageas	42,442		1,436,753
AIA Group, Ltd.	2,208,934		9,653,638
Alleghany Corp. (I)	7,901		3,128,164
Allianz SE	83,544		11,351,697
Alterra Capital Holdings, Ltd.	25,677		808,826
American Equity Investment Life
Holding Company (L)	18,243		271,638
American Financial Group, Inc.	35,157		1,665,739
American International Group, Inc. (I)	506,757		19,672,307
American Safety Insurance Holdings, Ltd. (I)	3,104		77,476
AMERISAFE, Inc.	5,591		198,704
AMP, Ltd.	538,155		2,928,050
Amtrust Financial Services, Inc. (L)	8,077		279,868
Aon PLC	106,947		6,577,241
Argo Group International Holdings, Ltd.	7,579		313,619
Arthur J. Gallagher & Company	59,109		2,441,793
Aspen Insurance Holdings, Ltd.	32,883		1,268,626
Assicurazioni Generali SpA	213,344		3,339,650
Assurant, Inc.	27,051		1,217,566
Aviva PLC (I)	541,252		2,438,702
AXA SA	325,049		5,603,359
Baldwin & Lyons, Inc., Class B	2,703		64,304
Baloise Holding AG	8,702		815,611
Berkshire Hathaway, Inc., Class B (I)	626,078		65,237,328
Brown & Brown, Inc.	55,500		1,778,220
Cincinnati Financial Corp. (L)	50,417		2,379,178
Citizens, Inc. (I) (L)	12,332		103,465
CNO Financial Group, Inc.	60,272		690,114
CNP Assurances	29,543		405,600
Crawford & Company, Class B	8,209		62,306
Delta Lloyd NV	32,555		561,799
Donegal Group, Inc., Class A	2,660		40,618
Eastern Insurance Holdings, Inc.	2,366		44,386
eHealth, Inc. (I)	5,968		106,708
EMC Insurance Group, Inc.	1,508		39,706
Employers Holdings, Inc.	9,652		226,339
Enstar Group, Ltd. (I)	2,499		310,601
Everest Re Group, Ltd.	24,006		3,117,419
FBL Financial Group, Inc., Class A	3,007		116,852
Fidelity National Financial, Inc., Class A	100,938		2,546,666
First American Financial Corp.	82,265		2,103,516
Genworth Financial, Inc., Class A (I)	169,123		1,691,230
Gjensidige Forsikring ASA	36,292		601,059
Global Indemnity PLC (I)	3,237		75,098
Greenlight Capital Re, Ltd., Class A (I) (L)	8,530		208,559
Hallmark Financial Services, Inc. (I)	4,879		43,911
Hannover Rueckversicherung AG	11,090		870,059
Hartford Financial Services Group, Inc. (L)	149,870		3,866,646
HCC Insurance Holdings, Inc.	47,269		1,986,716
Hilltop Holdings, Inc. (I)	12,175		164,241
Homeowners Choice, Inc. (L)	2,482		67,635
Horace Mann Educators Corp.	11,796		245,947
Infinity Property & Casualty Corp.	3,520		197,824
Insurance Australia Group, Ltd.	382,411		2,279,653
Investors Title Company	461		31,841
Kansas City Life Insurance Company	1,357		53,099


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Insurance (continued)
Kemper Corp.	25,547	$	833,088
Legal & General Group PLC	1,086,178		2,852,730
Lincoln National Corp.	93,189		3,038,893
Loews Corp.	106,271		4,683,363
Maiden Holdings, Ltd.	15,350		162,557
Mapfre SA	138,189		427,606
Marsh & McLennan Companies, Inc.	188,225		7,146,903
Meadowbrook Insurance Group, Inc. (L)	16,238		114,478
Mercury General Corp.	17,068		647,389
MetLife, Inc.	375,388		14,272,252
Montpelier Re Holdings, Ltd.	14,822		386,113
MS&AD Insurance Group Holdings	92,996		2,071,617
Muenchener Rueckversicherungs AG	32,856		6,147,254
National Financial Partners Corp. (I) (L)	12,372		277,504
National Interstate Corp.	2,038		61,099
National Western Life Insurance
Company, Class A	651		114,576
NKSJ Holdings, Inc.	68,678		1,444,055
Old Mutual PLC	898,631		2,780,461
Old Republic International Corp.	113,087		1,437,336
OneBeacon Insurance Group, Ltd., Class A	6,882		93,045
Platinum Underwriters Holdings, Ltd.	9,577		534,492
Primerica, Inc.	34,686		1,137,007
Principal Financial Group, Inc. (L)	94,674		3,221,756
Protective Life Corp.	36,746		1,315,507
Prudential Financial, Inc.	159,621		9,416,043
Prudential PLC	468,577		7,624,881
QBE Insurance Group, Ltd.	219,714		3,100,930
Reinsurance Group of America, Inc.	34,741		2,072,995
Resolution, Ltd.	260,925		1,082,964
RLI Corp. (L)	6,277		451,002
RSA Insurance Group PLC	653,214		1,158,165
Safety Insurance Group, Inc.	3,718		182,740
Sampo OYJ	77,097		2,967,827
SCOR SE	29,995		861,704
Selective Insurance Group, Inc. (L)	16,445		394,844
Sony Financial Holdings, Inc.	31,616		472,388
StanCorp Financial Group, Inc. (L)	20,833		890,819
Standard Life PLC	433,500		2,417,972
State Auto Financial Corp.	4,527		78,860
Stewart Information Services Corp. (L)	5,553		141,435
Suncorp Group, Ltd.	236,513		2,919,247
Swiss Life Holding	5,591		829,643
Swiss Re, Ltd.	64,490		5,248,454
Symetra Financial Corp.	22,901		307,102
T&D Holdings, Inc.	106,362		1,273,548
The Allstate Corp.	163,885		8,041,837
The Chubb Corp.	89,581		7,841,025
The Dai-ichi Life Insurance Company, Ltd.	1,561		2,097,046
The Hanover Insurance Group, Inc.	20,974		1,041,988
The Navigators Group, Inc. (I)	2,955		173,606
The Phoenix Companies, Inc. (I)	1,882		57,909
The Progressive Corp. (L)	190,704		4,819,090
The Travelers Companies, Inc.	129,738		10,922,642
Tokio Marine Holdings, Inc.	126,602		3,659,392
Torchmark Corp. (L)	32,135		1,921,673
Tower Group International, Ltd. (L)	12,039		222,124
Tryg A/S	4,356		351,887
United Fire Group, Inc.	6,117		155,800
Universal Insurance Holdings, Inc.	6,860		33,271
Unum Group (L)	92,601		2,615,978
Vienna Insurance Group AG	6,822		330,536
W.R. Berkley Corp. (L)	51,759		2,296,547

313

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Insurance (continued)
XL Group PLC	101,247	$	3,067,784
Zurich Insurance Group AG	27,023		7,525,917

			345,512,061
Real Estate Investment Trusts - 2.7%
Acadia Realty Trust	14,564		404,442
AG Mortgage Investment Trust, Inc.	6,888		175,437
Agree Realty Corp.	3,811		114,711
Alexander’s, Inc.	669		220,563
Alexandria Real Estate Equities, Inc.	29,876		2,120,598
American Assets Trust, Inc.	10,358		331,560
American Campus Communities, Inc. (L)	49,188		2,230,184
American Capital Mortgage Investment Corp.	10,640		275,044
Anworth Mortgage Asset Corp.	41,667		263,752
Apartment Investment & Management
Company, Class A	50,024		1,533,736
Apollo Commercial Real Estate Finance, Inc.	7,378		129,779
Apollo Residential Mortgage, Inc.	7,209		160,689
Ares Commercial Real Estate Corp.	2,718		45,989
ARMOUR Residential REIT, Inc. (L)	90,859		593,309
Ascendas Real Estate Investment Trust	348,239		731,140
Ashford Hospitality Trust, Inc.	16,827		207,982
Associated Estates Realty Corp. (L)	15,738		293,356
AvalonBay Communities, Inc.	39,055		4,947,097
Beni Stabili SpA	44		26
BGP Holdings PLC (I)	1,525,695		2
BioMed Realty Trust, Inc.	79,489		1,716,962
Boston Properties, Inc.	52,050		5,260,173
BRE Properties, Inc.	36,153		1,759,928
British Land Company PLC	155,161		1,282,153
Camden Property Trust	39,679		2,725,154
Campus Crest Communities, Inc.	12,012		166,967
CapitaCommercial Trust	364,000		465,698
Capital Shopping Centres Group PLC	102,343		520,760
CapitaMall Trust	424,981		717,148
CapLease, Inc.	21,426		136,484
Capstead Mortgage Corp.	29,836		382,498
Cedar Realty Trust, Inc.	19,727		120,532
CFS Retail Property Trust Group	363,854		764,324
Chatham Lodging Trust	4,887		86,060
Chesapeake Lodging Trust	12,259		281,221
Colonial Properties Trust (L)	26,835		606,739
Colony Financial, Inc.	12,783		283,783
Coresite Realty Corp.	6,161		215,512
Corio NV	12,162		567,814
Corporate Office Properties Trust	38,021		1,014,400
Cousins Properties, Inc.	29,250		312,683
CreXus Investment Corp.	20,316		264,514
CubeSmart	37,599		594,064
CYS Investments, Inc. (L)	52,194		612,758
DCT Industrial Trust, Inc. (L)	75,719		560,321
Dexus Property Group	844,530		919,526
DiamondRock Hospitality Company	57,405		534,441
Duke Realty Corp.	151,020		2,564,320
DuPont Fabros Technology, Inc. (L)	18,620		451,907
Dynex Capital, Inc. (L)	17,346		185,255
EastGroup Properties, Inc.	8,839		514,430
Education Realty Trust, Inc.	35,397		372,730
EPR Properties	14,181		738,121
Equity One, Inc. (L)	45,933		1,101,014
Equity Residential	109,953		6,054,012
Essex Property Trust, Inc. (L)	17,852		2,688,154
Excel Trust, Inc.	10,984		149,932
Extra Space Storage, Inc.	48,417		1,901,336


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Real Estate Investment Trusts (continued)
Federal Realty Investment Trust	30,531	$	3,298,569
Federation Centres	249,225		612,951
FelCor Lodging Trust, Inc. (I)	39,412		234,501
First Industrial Realty Trust, Inc.	30,260		518,354
First Potomac Realty Trust	16,194		240,157
Fonciere Des Regions	4,648		364,098
Franklin Street Properties Corp.	22,397		327,444
Gecina SA	3,959		459,731
Getty Realty Corp. (L)	8,225		166,227
Gladstone Commercial Corp. (L)	4,011		78,094
Glimcher Realty Trust	43,095		499,902
Goodman Group	312,710		1,559,628
Government Properties Income Trust	13,533		348,204
GPT Group	259,890		1,006,530
Gramercy Capital Corp. (I)	15,506		80,786
Gyrodyne Company of America, Inc.	433		31,830
Hammerson PLC	130,788		979,919
HCP, Inc.	155,641		7,760,260
Health Care REIT, Inc.	89,545		6,081,001
Healthcare Realty Trust, Inc.	26,565		754,180
Hersha Hospitality Trust	53,904		314,799
Highwoods Properties, Inc. (L)	60,991		2,413,414
Home Properties, Inc.	24,162		1,532,354
Hospitality Properties Trust	57,979		1,590,944
Host Hotels & Resorts, Inc. (L)	249,434		4,362,601
Hudson Pacific Properties, Inc.	11,326		246,341
ICADE	4,172		365,150
Inland Real Estate Corp. (L)	24,507		247,276
Invesco Mortgage Capital, Inc.	36,527		781,313
Investors Real Estate Trust (L)	29,115		287,365
iStar Financial, Inc. (I) (L)	25,854		281,550
Japan Prime Realty Investment Corp.	145		561,200
Japan Real Estate Investment Corp.	110		1,522,670
Japan Retail Fund Investment Corp.	380		942,651
Kilroy Realty Corp.	35,174		1,843,118
Kimco Realty Corp.	140,016		3,136,358
Kite Realty Group Trust	21,313		143,650
Klepierre	18,243		717,217
Land Securities Group PLC	143,399		1,807,386
LaSalle Hotel Properties	27,200		690,336
Lexington Realty Trust (L)	40,441		477,204
Liberty Property Trust	56,127		2,231,048
LTC Properties, Inc.	9,440		384,491
Mack-Cali Realty Corp.	39,102		1,118,708
Medical Properties Trust, Inc. (L)	41,323		662,821
Mirvac Group	629,584		1,065,996
Mission West Properties, Inc.	6,544		131
Monmouth Real Estate
Investment Corp., Class A	13,150		146,623
National Health Investments, Inc. (L)	7,392		483,806
National Retail Properties, Inc. (L)	54,440		1,969,095
New York Mortgage Trust, Inc. (L)	16,320		123,053
Nippon Building Fund, Inc.	127		1,779,005
Nomura Real Estate Office Fund, Inc.	51		375,568
NorthStar Realty Finance Corp.	42,406		402,009
Omega Healthcare Investors, Inc. (L)	86,429		2,623,984
One Liberty Properties, Inc. (L)	4,014		87,184
Parkway Properties, Inc.	5,236		97,128
Pebblebrook Hotel Trust	18,270		471,183
Pennsylvania Real Estate Investment Trust	17,203		333,566
PennyMac Mortgage Investment Trust	17,674		457,580
Plum Creek Timber Company, Inc. (L)	55,710		2,908,062
Potlatch Corp.	31,269		1,433,996

314

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Real Estate Investment Trusts (continued)
Prologis, Inc.	158,871	$	6,351,663
PS Business Parks, Inc.	5,742		453,159
Public Storage	49,516		7,542,277
RAIT Financial Trust (L)	16,303		129,935
Ramco-Gershenson Properties Trust	14,305		240,324
Rayonier, Inc.	58,588		3,495,946
Realty Income Corp. (L)	91,094		4,131,113
Redwood Trust, Inc.	24,278		562,764
Regency Centers Corp.	42,494		2,248,358
Resource Capital Corp.	31,471		208,023
Retail Opportunity Investments Corp. (L)	15,548		217,827
RLJ Lodging Trust	32,299		735,125
Rouse Properties, Inc.	7,060		127,786
Ryman Hospitality Properties (L)	9,875		451,781
Sabra Health Care REIT, Inc.	11,462		332,513
Saul Centers, Inc.	2,440		106,726
Segro PLC	134,498		520,074
Select Income REIT	2,864		75,753
Senior Housing Properties Trust (L)	88,320		2,369,626
Silver Bay Realty Trust Corp.	4,336		89,761
Simon Property Group, Inc.	107,670		17,072,155
SL Green Realty Corp.	42,898		3,693,947
Sovran Self Storage, Inc.	8,833		569,640
STAG Industrial, Inc.	9,789		208,212
Starwood Property Trust, Inc.	40,573		1,126,306
Stockland	405,027		1,543,756
Strategic Hotels & Resorts, Inc. (I)	55,523		463,617
Summit Hotel Properties, Inc.	13,504		141,387
Sun Communities, Inc.	9,455		466,415
Sunstone Hotel Investors, Inc. (I)	41,627		512,428
Taubman Centers, Inc.	29,748		2,310,230
Terreno Realty Corp.	4,573		82,223
The Link REIT	420,215		2,296,042
The Macerich Company (L)	64,464		4,150,192
Two Harbors Investment Corp.	88,496		1,115,935
UDR, Inc.	117,463		2,841,430
UMH Properties, Inc.	4,793		49,224
Unibail-Rodamco SE	16,911		3,938,780
Universal Health Realty Income Trust	3,777		217,971
Urstadt Biddle Properties, Inc., Class A	7,920		172,339
Ventas, Inc.	100,223		7,336,324
Vornado Realty Trust	58,143		4,863,081
Washington Real Estate Investment Trust (L)	20,502		570,776
Weingarten Realty Investors (L)	52,592		1,659,278
Western Asset Mortgage Capital Corp.	5,913		137,418
Westfield Group	391,618		4,432,815
Westfield Retail Trust	533,554		1,680,819
Weyerhaeuser Company	187,168		5,873,332
Whitestone REIT	4,756		72,006
Winthrop Realty Trust	9,656		121,472

			223,305,608
Real Estate Management & Development - 0.6%
Aeon Mall Company, Ltd.	13,631		415,816
Alexander & Baldwin, Inc. (I)	20,191		721,828
AV Homes, Inc. (I)	3,263		43,496
CapitaLand, Ltd.	470,024		1,341,042
CapitaMalls Asia, Ltd.	244,093		404,473
CBRE Group, Inc., Class A (I)	104,408		2,636,302
Cheung Kong Holdings, Ltd.	254,942		3,769,354
City Developments, Ltd.	91,469		837,653
Consolidated-Tomoka Land Company (L)	1,471		57,737
Daito Trust Construction Company, Ltd.	13,331		1,143,185
Daiwa House Industry Company, Ltd.	93,310		1,826,990


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Real Estate Management & Development (continued)
Forestar Group, Inc. (I) (L)	10,462	$	228,699
Global Logistic Properties, Ltd.	391,390		829,406
Hang Lung Properties, Ltd.	411,251		1,540,752
Henderson Land Development Company, Ltd.	177,694		1,216,338
Hulic Company, Ltd. (I)	48,777		401,924
Hysan Development Company, Ltd.	115,785		588,067
Immoeast AG (I)	70,405		0
IMMOFINANZ AG	169,524		642,596
Jones Lang LaSalle, Inc.	20,692		2,056,992
Kennedy-Wilson Holdings, Inc.	13,276		205,911
Keppel Land, Ltd.	140,229		446,751
Kerry Properties, Ltd.	131,055		584,133
Lend Lease Corp.	99,961		1,064,748
Mitsubishi Estate Company, Ltd.	229,650		6,507,473
Mitsui Fudosan Company, Ltd.	153,750		4,385,952
New World Development Company, Ltd.	677,827		1,152,409
Nomura Real Estate Holdings, Inc.	17,916		401,366
NTT Urban Development Corp.	213		256,442
Sino Land Company, Ltd.	543,089		923,206
Sumitomo Realty &
Development Company, Ltd.	66,177		2,576,875
Sun Hung Kai Properties, Ltd.	288,060		3,880,794
Swire Pacific, Ltd.	124,789		1,593,148
Swire Properties, Ltd.	215,000		766,955
Swiss Prime Site AG	9,845		797,308
Tejon Ranch Company (I)	4,106		122,277
Thomas Properties Group, Inc.	10,643		54,599
Tokyu Land Corp.	79,823		752,597
UOL Group, Ltd.	86,671		488,476
Wharf Holdings, Ltd.	278,698		2,492,669
Wheelock and Company, Ltd.	167,370		897,653
Zillow, Inc., Class A (I) (L)	1,189		65,003

			51,119,395
Thrifts & Mortgage Finance - 0.2%
Astoria Financial Corp. (L)	64,532		636,286
Bank Mutual Corp.	15,643		86,506
BankFinancial Corp.	7,433		60,133
Beneficial Mutual Bancorp, Inc. (I)	10,256		105,637
Berkshire Hills Bancorp, Inc.	7,463		190,605
BofI Holding, Inc. (I)	3,436		123,284
Brookline Bancorp, Inc.	21,481		196,336
Cape Bancorp, Inc.	4,354		39,883
Clifton Savings Bancorp, Inc.	3,043		37,916
Dime Community Bancshares, Inc.	9,994		143,514
ESB Financial Corp.	3,607		49,380
ESSA Bancorp, Inc.	3,539		38,363
EverBank Financial Corp.	6,739		103,781
Federal Agricultural Mortgage Corp., Class C	3,087		95,049
First Defiance Financial Corp.	3,257		75,953
First Pactrust Bancorp, Inc. (L)	3,865		44,061
Flushing Financial Corp.	9,549		161,760
Fox Chase Bancorp, Inc.	4,337		73,252
Franklin Financial Corp.	4,371		79,771
Heritage Financial Group, Inc.	3,030		43,874
Home Bancorp, Inc. (I)	2,492		46,376
Home Federal Bancorp, Inc.	5,270		67,456
Home Loan Servicing Solutions, Ltd.	13,801		321,977
HomeStreet, Inc.	2,684		59,961
Hudson City Bancorp, Inc.	163,153		1,409,642
Kearny Financial Corp.	4,709		48,032
MGIC Investment Corp. (I)	58,003		287,115
Nationstar Mortgage Holdings, Inc. (I) (L)	5,828		215,053
New York Community Bancorp, Inc. (L)	206,678		2,965,829

315

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Thrifts & Mortgage Finance (continued)
Northfield Bancorp, Inc.	6,642	$	75,453
Northwest Bancshares, Inc. (L)	28,867		366,322
OceanFirst Financial Corp.	4,841		69,807
Ocwen Financial Corp. (I)	32,163		1,219,621
Oritani Financial Corp. (L)	14,038		217,449
People’s United Financial, Inc. (L)	116,215		1,561,930
Peoples Federal Bancshares, Inc.	2,289		43,720
Provident Financial Holdings, Inc.	3,189		54,245
Provident Financial Services, Inc.	17,722		270,615
Provident New York Bancorp	12,418		112,631
Radian Group, Inc.	40,277		431,367
Rockville Financial, Inc.	8,985		116,446
SI Financial Group, Inc.	3,810		46,063
Simplicity Bancorp, Inc.	3,344		50,260
Territorial Bancorp, Inc.	3,537		84,110
Tree.com, Inc.	2,074		38,348
TrustCo Bank Corp.	29,097		162,361
United Financial Bancorp, Inc.	6,699		101,825
ViewPoint Financial Group	9,951		200,115
Walker & Dunlop, Inc. (I)	3,484		62,607
Washington Federal, Inc.	49,510		866,425
Westfield Financial, Inc. (L)	8,999		70,012
WSFS Financial Corp.	2,418		117,612

			14,146,129

			1,508,304,146
Health Care - 11.3%
Biotechnology - 1.6%
Achillion Pharmaceuticals, Inc. (I)	18,464		161,375
Acorda Therapeutics, Inc. (I)	12,366		396,083
Actelion, Ltd.	19,772		1,074,442
Aegerion Pharmaceuticals, Inc. (I) (L)	8,018		323,446
Affymax, Inc. (I) (L)	11,098		15,426
Agenus, Inc. (I) (L)	8,796		34,216
Alexion Pharmaceuticals, Inc. (I)	67,006		6,173,933
Alkermes PLC (I)	37,014		877,602
Allos Therapeutics, Inc. (I)	26,492		0
Alnylam Pharmaceuticals, Inc. (I) (L)	15,068		367,207
AMAG Pharmaceuticals, Inc. (I)	6,652		158,650
Amgen, Inc.	256,903		26,335,127
Amicus Therapeutics, Inc. (I) (L)	9,869		31,285
Arena Pharmaceuticals, Inc. (I) (L)	65,460		537,427
Arqule, Inc. (I)	18,932		49,034
Array BioPharma, Inc. (I)	30,814		151,605
Astex Pharmaceuticals (I)	29,923		133,457
AVEO Pharmaceuticals, Inc. (I) (L)	12,986		95,447
Biogen Idec, Inc. (I)	81,114		15,647,702
Biotime, Inc. (I) (L)	10,881		41,565
Celgene Corp. (I)	143,736		16,660,440
Celldex Therapeutics, Inc. (I) (L)	18,944		219,372
Cepheid, Inc. (I) (L)	19,741		757,462
Clovis Oncology, Inc. (I)	4,392		125,919
Coronado Biosciences, Inc. (I)	6,367		61,887
CSL, Ltd.	92,026		5,698,828
Cubist Pharmaceuticals, Inc. (I)	19,141		896,182
Curis, Inc. (I)	25,554		83,817
Cytori Therapeutics, Inc. (I)	17,538		44,020
Dendreon Corp. (I) (L)	47,070		222,641
Discovery Laboratories, Inc. (I)	15,312		35,064
Dyax Corp. (I)	31,482		137,262
Dynavax Technologies Corp. (I) (L)	54,027		119,940
Elan Corp. PLC (I)	88,416		1,026,651


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Biotechnology (continued)
Elan Corp. PLC (European
Composite Exchange) (I)	4,208	$	48,379
Emergent Biosolutions, Inc. (I)	8,299		116,020
Enzon Pharmaceuticals, Inc.	14,045		53,371
Exact Sciences Corp. (I) (L)	19,895		194,971
Exelixis, Inc. (I) (L)	56,449		260,794
Genomic Health, Inc. (I)	5,188		146,717
Geron Corp. (I) (L)	42,930		45,935
Gilead Sciences, Inc. (I)	522,570		25,569,350
Grifols SA (I)	27,442		1,020,428
GTx, Inc. (I) (L)	9,210		38,222
Halozyme Therapeutics, Inc. (I) (L)	27,751		160,123
Idenix Pharmaceuticals, Inc. (I) (L)	27,948		99,495
ImmunoCellular Therapeutics, Ltd. (I)	17,110		46,881
Immunogen, Inc. (I) (L)	25,553		410,381
Immunomedics, Inc. (I)	22,043		53,124
Infinity Pharmaceuticals, Inc. (I)	7,744		375,352
InterMune, Inc. (I)	23,449		212,213
Ironwood Pharmaceuticals, Inc. (I) (L)	23,312		426,376
Isis Pharmaceuticals, Inc. (I) (L)	30,417		515,264
Keryx Biopharmaceuticals Inc. (I)	21,906		154,218
Lexicon Pharmaceuticals, Inc. (I) (L)	66,261		144,449
Ligand Pharmaceuticals, Inc., Class B (I) (L)	5,629		150,013
MannKind Corp. (I) (L)	36,469		123,630
Merrimack Pharmaceuticals, Inc. (I)	5,132		31,305
Momenta Pharmaceuticals, Inc. (I)	14,710		196,231
Neurocrine Biosciences, Inc. (I) (L)	20,899		253,714
NewLink Genetics Corp. (I) (L)	4,066		49,890
Novavax, Inc. (I)	38,013		86,670
NPS Pharmaceuticals, Inc. (I) (L)	26,706		272,134
OncoGenex Pharmaceuticals, Inc. (I) (L)	4,875		55,234
Oncothyreon, Inc. (I) (L)	18,364		38,197
Opko Health, Inc. (I) (L)	33,162		253,026
Orexigen Therapeutics, Inc. (I)	19,528		122,050
Osiris Therapeutics, Inc. (I)	5,351		55,650
PDL BioPharma, Inc. (L)	43,003		314,352
Pharmacyclics, Inc. (I) (L)	16,334		1,313,417
Raptor Pharmaceutical Corp. (I) (L)	15,798		92,418
Regeneron Pharmaceuticals, Inc. (I)	35,828		6,320,059
Repligen Corp. (I) (L)	10,518		72,679
Rigel Pharmaceuticals, Inc. (I)	26,463		179,684
Sangamo Biosciences, Inc. (I) (L)	16,582		158,524
Seattle Genetics, Inc. (I) (L)	28,756		1,021,126
SIGA Technologies, Inc. (I) (L)	13,150		47,077
Spectrum Pharmaceuticals, Inc. (L)	18,297		136,496
Sunesis Pharmaceuticals, Inc. (I) (L)	9,009		49,279
Synageva BioPharma Corp. (I) (L)	3,338		183,323
Synergy Pharmaceuticals, Inc. (I) (L)	13,709		83,214
Synta Pharmaceuticals Corp. (I)	12,054		103,664
Targacept, Inc. (I)	9,018		38,597
TESARO, Inc. (I)	1,624		35,663
Theravance, Inc. (I)	18,529		437,655
Threshold Pharmaceuticals, Inc. (I)	14,459		66,656
Trius Therapeutics, Inc. (I)	8,906		60,917
United Therapeutics Corp. (I) (L)	21,882		1,331,957
Vanda Pharmaceuticals, Inc. (I)	9,534		37,373
Vertex Pharmaceuticals, Inc. (I)	102,502		5,635,560
Vical, Inc. (I) (L)	24,591		97,872
XOMA Corp. (I)	26,899		93,878
ZIOPHARM Oncology, Inc. (I) (L)	21,459		39,270

			128,425,031
Health Care Equipment & Supplies - 1.8%
Abaxis, Inc. (L)	6,527		308,858

316

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Health Care Equipment & Supplies (continued)
Abbott Laboratories	539,151	$	19,042,813
ABIOMED, Inc. (I) (L)	10,361		193,440
Accuray, Inc. (I) (L)	22,905		106,279
Align Technology, Inc. (I)	21,535		721,638
Analogic Corp. (L)	3,625		286,448
AngioDynamics, Inc. (I)	7,666		87,622
Anika Therapeutics, Inc. (I)	4,080		59,242
Antares Pharma, Inc. (I) (L)	33,118		118,562
ArthroCare Corp. (I)	8,346		290,107
AtriCure, Inc. (I)	5,079		40,226
Atrion Corp.	484		92,923
Baxter International, Inc.	187,396		13,612,445
Becton, Dickinson and Company (L)	66,578		6,365,523
Boston Scientific Corp. (I)	465,958		3,639,132
C.R. Bard, Inc.	26,109		2,631,265
Cantel Medical Corp.	6,295		189,228
Cardiovascular Systems, Inc. (I)	5,472		112,067
CareFusion Corp. (I)	76,408		2,673,516
Cerus Corp. (I) (L)	17,913		79,175
Cie Generale d’Optique
Essilor International SA	37,009		4,119,232
Cochlear, Ltd.	10,466		742,999
Coloplast A/S	20,885		1,123,230
Conceptus, Inc. (I)	9,593		231,671
CONMED Corp.	8,298		282,630
Covidien PLC	162,034		10,992,387
CryoLife, Inc.	8,822		53,020
Cyberonics, Inc. (I)	8,295		388,289
Cynosure, Inc., Class A (I)	3,085		80,734
DENTSPLY International, Inc. (L)	49,024		2,079,598
Derma Sciences, Inc. (I)	3,322		40,130
DexCom, Inc. (I) (L)	20,872		348,980
Edwards Lifesciences Corp. (I)	39,165		3,217,796
Elekta AB, Series B	67,704		1,028,299
Endologix, Inc. (I)	16,905		273,016
Exactech, Inc. (I)	2,832		58,594
Getinge AB, B Shares (L)	36,768		1,123,084
Globus Medical, Inc., Class A (I) (L)	3,074		45,126
Greatbatch, Inc. (I)	7,039		210,255
Haemonetics Corp. (I) (L)	14,975		623,859
Hansen Medical, Inc. (I) (L)	17,611		35,398
HeartWare International, Inc. (I) (L)	4,281		378,569
Hill-Rom Holdings, Inc.	28,384		999,684
Hologic, Inc. (I)	125,570		2,837,882
ICU Medical, Inc. (I)	3,662		215,875
IDEXX Laboratories, Inc. (I)	25,682		2,372,760
Insulet Corp. (I) (L)	15,239		394,081
Integra LifeSciences Holdings Corp. (I) (L)	5,861		228,638
Intuitive Surgical, Inc. (I)	13,774		6,765,651
Invacare Corp. (L)	9,693		126,494
MAKO Surgical Corp. (I) (L)	11,595		129,284
Masimo Corp.	39,561		776,187
Medtronic, Inc.	347,161		16,302,681
Meridian Bioscience, Inc. (L)	12,566		286,756
Merit Medical Systems, Inc. (I)	12,783		156,720
Natus Medical, Inc. (I)	9,188		123,487
Navidea Biopharmaceuticals, Inc. (I) (L)	31,251		84,690
Neogen Corp. (I)	7,154		354,624
NuVasive, Inc. (I) (L)	13,198		281,249
NxStage Medical, Inc. (I)	15,851		178,799
Olympus Corp. (I)	41,798		992,997
OraSure Technologies, Inc. (I)	17,501		94,505
Orthofix International NV (I)	5,673		203,491


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Health Care Equipment & Supplies (continued)
Palomar Medical Technologies, Inc. (I)	6,669	$	89,965
PhotoMedex, Inc. (I)	4,218		67,868
Quidel Corp. (I) (L)	8,559		203,276
ResMed, Inc. (L)	67,334		3,121,604
Rochester Medical Corp. (I)	3,783		55,307
Rockwell Medical Technologies, Inc. (I)	7,416		29,367
RTI Biologics, Inc. (I)	18,463		72,744
Smith & Nephew PLC	165,210		1,911,283
Solta Medical, Inc. (I)	22,852		50,274
Sonova Holding AG	9,204		1,105,366
Spectranetics Corp. (I)	10,454		193,713
St. Jude Medical, Inc.	97,100		3,926,724
Staar Surgical Company (I)	11,834		66,625
STERIS Corp. (L)	44,593		1,855,515
Stryker Corp.	99,268		6,476,244
SurModics, Inc. (I)	3,940		107,365
Symmetry Medical, Inc. (I)	11,279		129,145
Sysmex Corp.	13,131		800,170
Teleflex, Inc.	19,235		1,625,550
Terumo Corp.	27,909		1,199,785
The Cooper Companies, Inc.	22,680		2,446,718
Thoratec Corp. (I)	27,039		1,013,963
Tornier BV (I)	4,823		90,914
Unilife Corp. (I) (L)	26,563		57,907
Utah Medical Products, Inc. (L)	1,093		53,306
Varian Medical Systems, Inc. (I) (L)	37,452		2,696,544
Vascular Solutions, Inc. (I)	5,218		84,636
Volcano Corp. (I) (L)	16,045		357,162
West Pharmaceutical Services, Inc.	10,031		651,413
William Demant Holdings A/S (I)	4,685		393,201
Wright Medical Group, Inc. (I) (L)	11,798		280,910
Zimmer Holdings, Inc.	58,133		4,372,764

			147,621,268
Health Care Providers & Services - 1.6%
Acadia Healthcare Company, Inc. (I) (L)	7,316		215,017
Accretive Health, Inc. (I)	17,241		175,169
Aetna, Inc.	112,592		5,755,703
Air Methods Corp. (L)	11,570		558,137
Alfresa Holdings Corp.	7,452		406,829
Almost Family, Inc. (L)	2,538		51,851
Amedisys, Inc. (I) (L)	9,126		101,481
AmerisourceBergen Corp. (L)	79,006		4,064,859
AMN Healthcare Services, Inc. (I)	12,859		203,558
Amsurg Corp. (I)	9,439		317,528
Assisted Living Concepts, Inc., Class A (L)	6,164		73,290
Bio-Reference Labs, Inc. (I) (L)	7,345		190,823
BioScrip, Inc. (I)	13,388		170,161
Capital Senior Living Corp. (I)	8,444		223,175
Cardinal Health, Inc.	117,002		4,869,623
Celesio AG	16,014		300,702
Centene Corp. (I)	15,418		679,009
Chemed Corp.	5,641		451,167
Chindex International, Inc. (I)	3,914		53,778
Cigna Corp.	98,157		6,122,052
Community Health Systems, Inc.	43,296		2,051,797
Corvel Corp. (I)	1,967		97,347
Coventry Health Care, Inc.	46,206		2,173,068
Cross Country Healthcare, Inc. (I)	8,634		45,847
DaVita HealthCare Partners, Inc. (I)	28,969		3,435,434
Emeritus Corp. (I)	9,375		260,531
ExamWorks Group, Inc. (I) (L)	9,088		157,404
Express Scripts Holding Company (I)	280,954		16,196,998
Five Star Quality Care, Inc. (I)	13,126		87,813

317

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Health Care Providers & Services (continued)
Fresenius Medical Care AG &
Company KGaA	38,844	$	2,622,422
Fresenius SE & Company KGaA	22,873		2,823,297
Gentiva Health Services, Inc. (I) (L)	9,328		100,929
Hanger, Inc. (I)	10,162		320,408
Health Management
Associates, Inc., Class A (I)	120,686		1,553,229
Health Net, Inc. (I)	37,251		1,066,124
HealthSouth Corp. (I)	28,565		753,259
Healthways, Inc. (I)	10,369		127,020
Henry Schein, Inc. (I) (L)	41,102		3,803,990
Humana, Inc.	54,359		3,756,750
IPC The Hospitalist Company, Inc. (I) (L)	5,004		222,578
Kindred Healthcare, Inc. (I) (L)	16,032		168,817
Laboratory Corp. of America Holdings (I)	31,954		2,882,251
Landauer, Inc.	2,906		163,840
LHC Group, Inc. (I)	4,524		97,221
LifePoint Hospitals, Inc. (I)	22,067		1,069,367
Magellan Health Services, Inc. (I)	8,081		384,413
McKesson Corp. (L)	79,941		8,630,430
Medipal Holdings Corp.	27,565		388,200
MEDNAX, Inc. (I)	23,475		2,104,064
Miraca Holdings, Inc.	10,017		480,849
Molina Healthcare, Inc. (I) (L)	8,993		277,614
MWI Veterinary Supply, Inc. (I) (L)	3,830		506,556
National Healthcare Corp.	3,052		139,537
National Research Corp.	791		45,910
Omnicare, Inc. (L)	49,088		1,998,863
Owens & Minor, Inc. (L)	48,452		1,577,597
Patterson Companies, Inc.	28,699		1,091,710
PharMerica Corp. (I)	8,927		124,978
Quest Diagnostics, Inc.	54,306		3,065,574
Ramsay Health Care, Ltd.	24,023		807,914
Select Medical Holdings Corp.	10,382		93,438
Skilled Healthcare Group, Inc., Class A (I) (L)	6,461		42,449
Sonic Healthcare, Ltd.	68,472		999,191
Suzuken Company, Ltd.	13,241		480,307
Team Health Holdings, Inc. (I)	8,581		312,177
Tenet Healthcare Corp. (I)	35,795		1,703,126
The Ensign Group, Inc.	5,150		172,010
The Providence Service Corp. (I)	4,049		74,866
Triple-S Management Corp., Class B (I)	5,768		100,479
UnitedHealth Group, Inc.	351,816		20,127,393
Universal American Corp.	11,306		94,179
Universal Health Services, Inc., Class B	41,731		2,665,359
US Physical Therapy, Inc.	3,641		97,761
Vanguard Health Systems, Inc. (I)	9,803		145,771
VCA Antech, Inc. (I) (L)	41,627		977,818
WellCare Health Plans, Inc. (I)	33,228		1,925,895
WellPoint, Inc.	104,367		6,912,226

			129,570,307
Health Care Technology - 0.1%
Allscripts Healthcare Solutions, Inc. (I)	80,680		1,096,441
athenahealth, Inc. (I) (L)	10,744		1,042,598
Cerner Corp. (I) (L)	50,243		4,760,524
Computer Programs & Systems, Inc. (L)	3,285		177,751
Greenway Medical Technologies, Inc. (I) (L)	2,568		40,831
HealthStream, Inc. (I)	5,931		136,057
HMS Holdings Corp. (I) (L)	66,807		1,813,810
M3, Inc.	119		232,000
MedAssets, Inc. (I)	17,627		339,320
Medidata Solutions, Inc. (I)	6,664		386,379
Merge Healthcare, Inc. (I) (L)	18,914		54,661


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Health Care Technology (continued)
Omnicell, Inc. (I)	10,373	$	195,842
Quality Systems, Inc.	12,099		221,170
Vocera Communications, Inc. (I) (L)	2,241		51,543

			10,548,927
Life Sciences Tools & Services - 0.4%
Affymetrix, Inc. (I) (L)	23,648		111,619
Agilent Technologies, Inc.	119,100		4,998,627
Bio-Rad Laboratories, Inc., Class A (I)	9,451		1,190,826
Cambrex Corp. (I)	9,194		117,591
Charles River
Laboratories International, Inc. (I)	22,591		1,000,104
Covance, Inc. (I)	25,907		1,925,408
Fluidigm Corp. (I) (L)	7,712		142,749
Furiex Pharmaceuticals, Inc. (I)	2,392		89,652
Harvard Bioscience, Inc. (I)	8,971		50,686
Life Technologies Corp. (I)	59,059		3,816,983
Lonza Group AG	9,555		620,516
Luminex Corp. (I)	13,119		216,726
Mettler-Toledo International, Inc. (I)	14,211		3,030,069
PAREXEL International Corp. (I)	17,930		708,414
PerkinElmer, Inc.	39,036		1,313,171
QIAGEN NV (I)	43,345		904,226
Sequenom, Inc. (I) (L)	35,151		145,877
Techne Corp.	16,272		1,104,055
Thermo Fisher Scientific, Inc.	122,761		9,389,989
Waters Corp. (I) (L)	29,477		2,768,185

			33,645,473
Pharmaceuticals - 5.8%
AbbVie, Inc.	542,581		22,126,453
Actavis, Inc. (I)	43,878		4,041,603
Akorn, Inc. (I) (L)	17,440		241,195
Allergan, Inc.	105,567		11,784,444
Ampio Pharmaceuticals, Inc. (I) (L)	8,847		40,431
Astellas Pharma, Inc.	81,318		4,386,334
AstraZeneca PLC	228,452		11,486,769
Auxilium Pharmaceuticals, Inc. (I)	14,874		257,023
AVANIR Pharmaceuticals, Inc., Class A (I)	43,444		119,037
Bayer AG	151,712		15,653,305
BioDelivery Sciences International, Inc. (I)	7,048		29,672
Bristol-Myers Squibb Company	562,034		23,150,180
Cadence Pharmaceuticals, Inc. (I) (L)	19,776		132,301
Cempra, Inc. (I)	565		3,814
Chugai Pharmaceutical Company, Ltd.	41,062		915,754
Daiichi Sankyo Company, Ltd.	123,757		2,386,395
Dainippon Sumitomo Pharma Company, Ltd.	28,492		504,927
Depomed, Inc. (I)	17,715		103,987
Eisai Company, Ltd.	46,321		2,074,608
Eli Lilly & Company	342,670		19,460,229
Endo Health Solutions, Inc. (I)	53,510		1,645,968
Endocyte, Inc. (I)	9,601		119,532
Forest Laboratories, Inc. (I)	80,432		3,059,633
Forest Laboratories, Inc.
(German Exchange) (I)	4,082		2,368
GlaxoSmithKline PLC	900,397		21,075,261
Hi-Tech Pharmacal Company, Inc. (L)	3,326		110,124
Hisamitsu Pharmaceutical Company, Inc.	11,284		611,257
Hospira, Inc. (I)	56,772		1,863,825
Impax Laboratories, Inc. (I)	20,224		312,259
Indevus Pharmaceuticals, Inc. (I)	20,441		0
Jazz Pharmaceuticals PLC (I)	12,491		698,372
Johnson & Johnson	959,519		78,229,584
Kyowa Hakko Kogyo Company, Ltd.	48,683		551,927

318

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Pharmaceuticals (continued)
Merck & Company, Inc.	1,037,456	$	45,886,679
Merck KGaA	11,886		1,793,754
Mitsubishi Tanabe Pharma Corp.	40,934		626,973
Mylan, Inc. (I)	135,762		3,928,952
Nektar Therapeutics (I) (L)	34,848		383,328
Novartis AG	421,891		30,043,466
Novo Nordisk A/S, Class B (L)	74,713		12,196,184
Obagi Medical Products, Inc. (I)	5,685		112,279
Omeros Corp. (I) (L)	8,462		34,863
Ono Pharmaceutical Company, Ltd.	15,081		933,562
Optimer Pharmaceuticals, Inc. (I) (L)	14,777		175,846
Orion OYJ	17,428		458,572
Otsuka Holdings Company, Ltd.	66,654		2,321,370
Pacira Pharmaceuticals, Inc. (I)	5,860		169,120
Pain Therapeutics, Inc.	12,586		43,170
Perrigo Company (L)	30,323		3,600,250
Pfizer, Inc.	2,467,714		71,218,226
Pozen, Inc. (I)	8,898		46,892
Questcor Pharmaceuticals, Inc. (L)	16,204		527,278
Repros Therapeutics, Inc. (I) (L)	5,521		88,888
Roche Holdings AG	128,850		30,083,012
Sagent Pharmaceuticals, Inc. (I) (L)	3,183		55,862
Sanofi	218,473		22,278,910
Santarus, Inc. (I)	16,712		289,619
Santen Pharmaceutical Company, Ltd.	13,423		622,974
Sciclone Pharmaceuticals, Inc. (I) (L)	18,250		83,950
Shionogi & Company, Ltd.	54,859		1,111,169
Shire PLC	102,768		3,129,763
Taisho Pharmaceutical
Holdings Company, Ltd.	6,516		462,124
Takeda Pharmaceutical Company, Ltd. (L)	144,768		7,924,526
Teva Pharmaceutical Industries, Ltd.	164,472		6,537,249
The Medicines Company (I)	16,610		555,106
Tsumura & Company, Ltd.	10,692		391,021
UCB SA	20,245		1,293,382
ViroPharma, Inc. (I) (L)	19,940		501,690
Vivus, Inc. (I) (L)	30,121		331,331
XenoPort, Inc. (I)	13,749		98,305

			477,518,216

			927,329,222
Industrials - 11.3%
Aerospace & Defense - 1.8%
AAR Corp.	12,216		224,652
Aerovironment, Inc. (I)	5,360		97,177
Alliant Techsystems, Inc.	15,416		1,116,581
American Science & Engineering, Inc.	2,521		153,756
API Technologies Corp. (I) (L)	11,534		28,604
Astronics Corp. (I)	4,055		120,920
B/E Aerospace, Inc. (I)	49,171		2,964,520
BAE Systems PLC	597,462		3,586,205
Cobham PLC	197,237		729,836
Cubic Corp.	4,743		202,621
Curtiss-Wright Corp.	13,982		485,175
DigitalGlobe, Inc. (I)	16,069		464,555
Esterline Technologies Corp. (I)	23,666		1,791,516
European Aeronautic Defence &
Space Company NV	83,465		4,255,424
Exelis, Inc.	88,298		961,565
Finmeccanica SpA (I)	71,989		347,843
GenCorp, Inc. (I) (L)	18,464		245,571
General Dynamics Corp.	114,046		8,041,383
HEICO Corp. (L)	15,800		685,878


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Aerospace & Defense (continued)
Hexcel Corp. (I)	29,798	$	864,440
Honeywell International, Inc.	269,041		20,272,239
Huntington Ingalls Industries, Inc.	23,272		1,241,096
Kratos Defense &
Security Solutions, Inc. (I) (L)	13,010		65,440
L-3 Communications Holdings, Inc.	30,857		2,496,948
LMI Aerospace, Inc. (I)	2,934		60,998
Lockheed Martin Corp.	91,904		8,870,574
Meggitt PLC	143,694		1,076,108
Moog, Inc., Class A (I)	13,469		617,284
National Presto Industries, Inc.	1,416		113,988
Northrop Grumman Corp.	81,397		5,710,000
Orbital Sciences Corp. (I)	17,782		296,782
Precision Castparts Corp.	50,271		9,532,387
Raytheon Company	111,682		6,565,785
Rockwell Collins, Inc. (L)	46,874		2,958,687
Rolls-Royce Holdings PLC	342,943		5,893,002
Safran SA	42,181		1,884,849
Singapore Technologies Engineering, Ltd.	281,258		979,554
Taser International, Inc. (I)	15,832		125,864
Teledyne Technologies, Inc. (I)	10,939		858,055
Textron, Inc.	93,203		2,778,381
Thales SA	16,573		701,589
The Boeing Company	233,602		20,054,732
The KEYW Holding Corp. (I) (L)	8,027		129,476
Triumph Group, Inc.	23,577		1,850,795
United Technologies Corp.	289,474		27,045,556
Zodiac Aerospace	6,243		727,846

			150,276,237
Air Freight & Logistics - 0.5%
Air Transport Services Group, Inc. (I)	17,233		100,468
Atlas Air Worldwide Holdings, Inc. (I)	7,949		324,001
C.H. Robinson Worldwide, Inc.	55,283		3,287,127
Deutsche Post AG	165,848		3,827,287
Echo Global Logistics, Inc. (I)	4,771		105,535
Expeditors International of Washington, Inc.	70,882		2,531,196
FedEx Corp.	100,390		9,858,298
Forward Air Corp.	8,802		328,227
Hub Group, Inc., Class A (I)	11,208		431,060
Pacer International, Inc. (I)	11,769		59,198
Park-Ohio Holdings Corp. (I)	2,832		93,824
TNT Express NV	59,417		437,088
Toll Holdings, Ltd.	124,116		769,060
United Parcel Service, Inc., Class B	245,461		21,085,100
UTi Worldwide, Inc.	48,865		707,565
XPO Logistics, Inc. (I) (L)	5,685		95,735
Yamato Transport Company, Ltd.	68,886		1,249,971

			45,290,740
Airlines - 0.2%
Alaska Air Group, Inc. (I)	54,185		3,465,673
All Nippon Airways Company, Ltd.	213,214		440,164
Allegiant Travel Company (L)	4,431		393,384
Cathay Pacific Airways, Ltd.	211,242		361,506
Deutsche Lufthansa AG	41,956		819,665
Hawaiian Holdings, Inc. (I) (L)	16,196		93,289
International Consolidated
Airlines Group SA (I)	167,624		647,903
Japan Airlines Company, Ltd.	11,000		513,154
JetBlue Airways Corp. (I) (L)	175,577		1,211,481
Qantas Airways, Ltd. (I)	208,989		388,947
Republic Airways Holdings, Inc. (I)	14,898		171,923
Ryanair Holdings PLC, ADR	6,546		273,492

319

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Airlines (continued)
Singapore Airlines, Ltd.	96,728	$	848,745
Singapore Airlines, Ltd. (Board Lot 200)	4,697		41,609
SkyWest, Inc.	15,415		247,411
Southwest Airlines Company	249,935		3,369,124
Spirit Airlines, Inc. (I)	12,441		315,504
US Airways Group, Inc. (I) (L)	48,723		826,829

			14,429,803
Building Products - 0.3%
AAON, Inc. (L)	5,597		154,421
American Woodmark Corp. (I)	2,953		100,491
AO Smith Corp.	11,530		848,262
Apogee Enterprises, Inc.	8,544		247,349
Asahi Glass Company, Ltd.	184,889		1,284,032
Assa Abloy AB, Series B	60,922		2,491,908
Builders FirstSource, Inc. (I) (L)	14,482		84,865
Cie de Saint-Gobain	73,204		2,716,873
Daikin Industries, Ltd.	43,110		1,700,424
Fortune Brands Home & Security, Inc. (I)	77,078		2,885,030
Geberit AG	6,776		1,669,335
Gibraltar Industries, Inc. (I)	9,430		172,098
Griffon Corp.	13,992		166,785
Insteel Industries, Inc.	5,624		91,784
Lennox International, Inc.	21,462		1,362,622
LIXIL Group Corp.	48,850		974,489
Masco Corp.	122,388		2,478,357
NCI Building Systems, Inc. (I)	5,911		102,674
Nortek, Inc. (I)	2,354		167,981
PGT, Inc. (I)	6,676		45,864
Quanex Building Products Corp.	10,943		176,182
Simpson Manufacturing Company, Inc. (L)	11,899		364,228
TOTO, Ltd.	50,481		453,429
Trex Company, Inc. (I)	4,520		222,294
Universal Forest Products, Inc.	5,874		233,844
USG Corp. (I) (L)	22,300		589,612

			21,785,233
Commercial Services & Supplies - 0.8%
A.T. Cross Company, Class A (I)	3,297		45,400
ABM Industries, Inc.	15,944		354,595
ACCO Brands Corp. (I)	34,461		230,199
Acorn Energy, Inc. (L)	6,114		44,938
Aggreko PLC	49,322		1,340,982
Avery Dennison Corp. (L)	34,350		1,479,455
Babcock International Group PLC	66,265		1,098,192
Brambles, Ltd.	285,912		2,530,081
Casella Waste Systems, Inc., Class A (I)	12,639		55,232
Cenveo, Inc. (I) (L)	18,275		39,291
Cintas Corp. (L)	35,972		1,587,444
Clean Harbors, Inc. (I) (L)	24,782		1,439,586
Consolidated Graphics, Inc. (I)	2,402		93,918
Copart, Inc. (I)	49,897		1,710,469
Corrections Corp. of America	47,152		1,842,229
Courier Corp.	3,584		51,645
Dai Nippon Printing Company, Ltd.	102,165		975,349
Deluxe Corp. (L)	39,105		1,618,947
Edenred	31,143		1,019,773
EnergySolutions, Inc. (I)	24,451		91,691
EnerNOC, Inc. (I) (L)	7,574		131,560
Ennis, Inc.	7,843		118,194
G&K Services, Inc., Class A	5,577		253,809
G4S PLC	259,179		1,150,752
Healthcare Services Group, Inc. (L)	19,962		511,626
Heritage-Crystal Clean, Inc. (I) (L)	2,449		36,980


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Services & Supplies (continued)
Herman Miller, Inc.	44,995	$	1,245,012
HNI Corp. (L)	34,625		1,228,841
InnerWorkings, Inc. (I) (L)	9,958		150,764
Interface, Inc.	17,659		339,406
Intersections, Inc.	3,081		28,992
Iron Mountain, Inc. (L)	57,425		2,085,102
Kimball International, Inc., Class B	9,877		89,486
Knoll, Inc.	14,456		262,087
McGrath RentCorp. (L)	7,344		228,398
Mine Safety Appliances Company	22,814		1,132,031
Mobile Mini, Inc. (I) (L)	11,499		338,416
Multi-Color Corp. (L)	4,469		115,256
Park24 Company, Ltd.	18,000		352,429
Performant Financial Corp. (I)	3,017		37,049
Pitney Bowes, Inc. (L)	69,102		1,026,856
Quad/Graphics, Inc. (L)	7,711		184,601
R.R. Donnelley & Sons Company (L)	84,889		1,022,912
Republic Services, Inc.	102,062		3,368,046
Rollins, Inc.	30,932		759,381
Schawk, Inc. (L)	4,218		46,356
Secom Company, Ltd.	38,633		1,996,152
Securitas AB, Series B	56,431		531,856
Serco Group PLC	91,552		874,921
Societe BIC SA	5,234		608,218
Standard Parking Corp. (I)	4,752		98,366
Steelcase, Inc., Class A	22,653		333,679
Stericycle, Inc. (I) (L)	29,542		3,136,770
Swisher Hygiene, Inc. (I) (L)	35,637		45,972
Team, Inc. (I)	5,981		245,640
Tetra Tech, Inc. (I)	18,616		567,602
The ADT Corp.	79,713		3,901,154
The Brink’s Company	36,628		1,035,107
The Geo Group, Inc.	21,300		801,306
TMS International Corp., Class A (I)	4,063		53,632
Toppan Printing Company, Ltd.	102,165		736,891
TRC Companies, Inc. (I)	5,436		35,062
Tyco International, Ltd.	159,962		5,118,784
UniFirst Corp.	4,251		384,716
United Stationers, Inc. (L)	12,155		469,791
US Ecology, Inc.	5,532		146,875
Viad Corp.	6,025		166,652
Waste Connections, Inc. (L)	58,003		2,086,948
Waste Management, Inc.	150,097		5,885,303

			63,155,155
Construction & Engineering - 0.4%
ACS Actividades de Construccion
y Servicios SA	25,755		601,781
AECOM Technology Corp. (I) (L)	49,241		1,615,105
Aegion Corp. (I) (L)	11,747		271,943
Ameresco, Inc., Class A (I)	6,508		48,159
Argan, Inc.	3,296		49,143
Balfour Beatty PLC	124,602		445,826
Bouygues SA	34,716		942,294
Chiyoda Corp.	29,214		327,337
Comfort Systems USA, Inc.	11,534		162,514
Dycom Industries, Inc. (I)	10,189		200,621
EMCOR Group, Inc.	19,835		840,806
Ferrovial SA	74,294		1,183,691
Fluor Corp.	55,786		3,700,285
Furmanite Corp. (I)	12,375		82,789
Granite Construction, Inc.	28,271		900,149
Great Lakes Dredge & Dock Corp.	18,047		121,456
Hochtief AG (I)	5,509		358,459

320

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Construction & Engineering (continued)
Jacobs Engineering Group, Inc. (I)	44,745	$	2,516,459
JGC Corp.	37,936		973,188
Kajima Corp.	151,724		412,457
KBR, Inc.	69,429		2,227,282
Kinden Corp.	24,739		162,331
Koninklijke Boskalis Westinster NV	14,083		559,815
Layne Christensen Company (I) (L)	6,112		130,675
Leighton Holdings, Ltd.	27,514		590,530
MasTec, Inc. (I) (L)	16,417		478,556
Michael Baker Corp.	2,667		65,342
MYR Group, Inc. (I)	6,271		154,016
Northwest Pipe Company (I)	3,089		86,430
Obayashi Corp.	121,710		582,792
Orion Marine Group, Inc. (I) (L)	8,597		85,454
Pike Electric Corp.	5,357		76,230
Primoris Services Corp.	9,149		202,284
Quanta Services, Inc. (I)	73,204		2,092,170
Shimizu Corp.	110,988		364,560
Skanska AB, Series B	69,868		1,264,342
Sterling Construction Company, Inc. (I)	5,610		61,093
Taisei Corp. (L)	185,788		517,010
Tutor Perini Corp. (I)	10,737		207,224
URS Corp.	36,081		1,710,600
Vinci SA	84,616		3,816,214

			31,189,412
Electrical Equipment - 0.9%
ABB, Ltd. (SIX Swiss Exchange)	403,302		9,108,044
Acuity Brands, Inc. (L)	32,687		2,266,843
Alstom SA	39,632		1,616,854
American Superconductor Corp. (I) (L)	12,536		33,346
AMETEK, Inc.	114,305		4,956,265
AZZ, Inc.	7,585		365,597
Belden, Inc.	13,569		700,839
Brady Corp., Class A	14,578		488,800
Capstone Turbine Corp. (I)	96,881		87,193
Coleman Cable, Inc.	3,213		48,195
Eaton Corp. PLC	161,712		9,904,860
Emerson Electric Company	247,862		13,848,050
Encore Wire Corp.	4,820		168,796
EnerSys, Inc. (I)	14,241		649,105
Franklin Electric Company, Inc. (L)	13,882		466,019
FuelCell Energy, Inc. (I) (L)	49,939		47,132
Fuji Electric Company, Ltd.	105,165		308,962
Furukawa Electric Company, Ltd.	119,407		264,103
Generac Holdings, Inc.	7,335		259,219
General Cable Corp. (I)	23,403		857,252
Global Power Equipment Group, Inc.	5,527		97,386
GS Yuasa Corp. (L)	66,228		276,864
Hubbell, Inc., Class B	25,087		2,436,199
II-VI, Inc. (I) (L)	15,905		271,021
Legrand SA	43,608		1,902,740
LSI Industries, Inc.	6,726		46,947
Mabuchi Motor Company, Ltd.	4,477		241,911
Mitsubishi Electric Corp.	355,210		2,897,895
Nidec Corp. (L)	19,946		1,195,087
Powell Industries, Inc. (I)	2,704		142,149
Preformed Line Products Company	723		50,588
Prysmian SpA	37,313		769,659
Regal-Beloit Corp.	21,132		1,723,526
Rockwell Automation, Inc.	47,989		4,143,850
Roper Industries, Inc.	33,944		4,321,411
Schneider Electric SA	96,336		7,046,292
Sumitomo Electric Industries, Ltd.	138,522		1,701,700


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Electrical Equipment (continued)
Thermon Group Holdings, Inc. (I)	4,515	$	100,278
Ushio, Inc.	19,667		201,080
Vicor Corp. (I)	6,566		32,633

			76,044,690
Industrial Conglomerates - 1.9%
3M Company	217,899		23,164,843
Carlisle Companies, Inc.	29,785		2,019,125
Danaher Corp.	199,024		12,369,342
Fraser and Neave, Ltd.	170,344		1,296,446
General Electric Company	3,569,282		82,521,800
Hopewell Holdings, Ltd.	106,615		432,800
Hutchison Whampoa, Ltd.	390,198		4,085,100
Keppel Corp., Ltd.	264,505		2,393,185
Koninklijke Philips Electronics NV	175,603		5,218,663
NWS Holdings, Ltd.	258,599		463,721
Raven Industries, Inc. (L)	10,933		367,458
SembCorp Industries, Ltd.	180,016		754,313
Siemens AG	153,558		16,542,799
Smiths Group PLC	72,192		1,383,525

			153,013,120
Machinery - 2.4%
Accuride Corp. (I) (L)	15,234		82,111
Actuant Corp., Class A (L)	21,671		663,566
AGCO Corp.	45,565		2,374,848
Alamo Group, Inc.	2,073		79,292
Albany International Corp., Class A	8,290		239,581
Alfa Laval AB	61,661		1,424,690
Altra Holdings, Inc.	8,163		222,197
Amada Company, Ltd.	64,177		426,158
American Railcar Industries, Inc.	2,916		136,294
Ampco-Pittsburgh Corp. (L)	2,879		54,442
Andritz AG	13,334		895,302
Astec Industries, Inc. (L)	5,932		207,205
Atlas Copco AB, Series A	122,770		3,498,346
Atlas Copco AB, Series B	71,717		1,818,531
Barnes Group, Inc.	16,180		468,087
Blount International, Inc. (I)	14,938		199,870
Briggs & Stratton Corp. (L)	14,444		358,211
Cascade Corp.	2,691		174,861
Caterpillar, Inc.	224,849		19,555,118
Chart Industries, Inc. (I) (L)	8,965		717,290
CIRCOR International, Inc.	5,225		222,063
CLARCOR, Inc.	38,142		1,997,878
Columbus McKinnon Corp. (I)	6,028		116,039
Commercial Vehicle Group, Inc. (I)	7,932		61,870
Crane Company	22,620		1,263,553
Cummins, Inc.	60,606		7,018,781
Deere & Company	133,716		11,496,902
Donaldson Company, Inc.	63,268		2,289,669
Douglas Dynamics, Inc.	6,931		95,786
Dover Corp.	59,962		4,370,031
Dynamic Materials Corp.	4,472		77,813
Energy Recovery, Inc. (I) (L)	15,215		56,296
EnPro Industries, Inc. (I) (L)	6,195		316,998
ESCO Technologies, Inc.	7,956		325,082
FANUC Corp.	35,127		5,404,155
Federal Signal Corp. (I)	18,987		154,554
Fiat Industrial SpA	157,315		1,770,495
Flow International Corp. (I)	16,025		62,658
Flowserve Corp.	16,519		2,770,401
FreightCar America, Inc.	3,763		82,109
Gardner Denver, Inc.	23,110		1,735,792

321

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Machinery (continued)
GEA Group AG	32,917	$	1,085,767
Graco, Inc.	28,569		1,657,859
Graham Corp.	3,320		82,137
Greenbrier Companies, Inc. (I) (L)	7,002		159,015
Hardinge, Inc.	3,769		51,371
Harsco Corp.	37,909		939,006
Hino Motors, Ltd.	46,683		506,977
Hitachi Construction
Machinery Company, Ltd.	19,352		416,405
Hurco Companies, Inc. (I)	2,101		57,210
Hyster-Yale Materials Handling, Inc.	3,302		188,511
Hyster-Yale Materials Handling, Inc., Class B	1,747		99,736
IDEX Corp. (L)	38,779		2,071,574
IHI Corp.	239,295		728,432
Illinois Tool Works, Inc. (L)	142,565		8,687,911
IMI PLC	59,028		1,162,367
Ingersoll-Rand PLC	94,604		5,204,166
Invensys PLC	151,420		810,119
ITT Corp.	43,299		1,230,991
John Bean Technologies Corp.	8,725		181,044
Joy Global, Inc.	36,457		2,169,921
JTEKT Corp.	39,844		377,446
Kadant, Inc.	3,619		90,475
Kawasaki Heavy Industries, Ltd.	260,790		827,117
Kaydon Corp.	9,376		239,838
Kennametal, Inc. (L)	37,175		1,451,312
Komatsu, Ltd.	171,614		4,095,784
Kone OYJ	28,639		2,257,805
Kubota Corp.	200,390		2,905,241
Kurita Water Industries, Ltd.	20,327		450,752
LB Foster Company, Class A	2,713		120,159
Lincoln Electric Holdings, Inc.	38,951		2,110,365
Lindsay Corp.	3,812		336,142
Lydall, Inc. (I)	5,292		81,232
Makita Corp.	20,529		915,296
MAN SE	7,763		835,237
Melrose Industries PLC	220,899		891,569
Meritor, Inc. (I)	30,269		143,172
Met-Pro Corp.	4,989		51,536
Metso OYJ	23,459		1,002,249
Middleby Corp. (I)	5,590		850,519
Miller Industries, Inc. (L)	3,500		56,175
Mitsubishi Heavy Industries, Ltd.	554,336		3,208,677
Mueller Industries, Inc.	6,008		320,166
Mueller Water Products, Inc., Class A	47,263		280,270
Nabtesco Corp.	19,089		391,747
NGK Insulators, Ltd.	48,709		519,714
NN, Inc. (I)	5,547		52,475
Nordson Corp.	26,656		1,757,963
NSK, Ltd.	80,050		610,191
Oshkosh Corp. (I)	41,033		1,743,492
PACCAR, Inc.	121,331		6,134,495
Pall Corp.	38,131		2,607,016
Parker Hannifin Corp. (L)	51,201		4,688,988
Pentair, Ltd.	70,755		3,732,326
PMFG, Inc. (I) (L)	6,906		42,610
Proto Labs, Inc. (I)	1,628		79,935
RBC Bearings, Inc. (I)	6,586		332,988
Rexnord Corp. (I)	8,743		185,614
Sandvik AB	184,436		2,846,143
Sauer-Danfoss, Inc.	3,512		205,206
Scania AB, Series B	58,812		1,234,167


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Machinery (continued)
Schindler Holding AG,
Participation Certificates	8,973	$	1,315,587
Schindler Holding AG, Registered Shares	3,913		558,418
SembCorp Marine, Ltd.	150,774		539,950
SKF AB, B Shares	72,057		1,763,064
SMC Corp.	9,925		1,928,262
Snap-on, Inc. (L)	19,999		1,653,917
SPX Corp.	22,071		1,742,726
Standex International Corp.	3,705		204,590
Stanley Black & Decker, Inc.	55,010		4,454,160
Sulzer AG	4,388		751,526
Sumitomo Heavy Industries, Ltd.	99,181		393,320
Sun Hydraulics Corp.	6,277		204,065
Tennant Company	5,616		272,713
Terex Corp. (I) (L)	51,974		1,788,945
The Eastern Company	2,235		39,202
The Gorman-Rupp Company	4,592		137,990
The Japan Steel Works, Ltd.	59,405		314,727
The Weir Group PLC	39,042		1,343,720
THK Company, Ltd.	21,588		428,125
Timken Company	37,406		2,116,431
Titan International, Inc. (L)	14,418		303,931
Trimas Corp. (I)	9,685		314,472
Trinity Industries, Inc. (L)	37,133		1,683,239
Twin Disc, Inc. (L)	2,747		68,895
Vallourec SA	18,988		913,621
Valmont Industries, Inc.	11,075		1,741,765
Volvo AB, Series B	276,011		4,021,761
Wabash National Corp. (I) (L)	20,683		210,139
Wabtec Corp.	22,378		2,285,018
Wartsila OYJ Abp	30,805		1,389,740
Watts Water Technologies, Inc., Class A	8,234		395,150
Woodward, Inc. (L)	49,044		1,949,989
Xylem, Inc.	63,903		1,761,167
Yangzijiang Shipbuilding Holdings, Ltd.	362,001		283,749
Zardoya Otis SA	27,554		368,502

			193,481,624
Marine - 0.1%
A.P. Moeller Maersk A/S, Series A	241		1,892,879
A.P. Moller Maersk A/S	102		764,345
Genco Shipping & Trading, Ltd. (I) (L)	10,650		30,672
International Shipholding Corp.	1,942		35,344
Kirby Corp. (I)	26,590		2,042,112
Kuehne & Nagel International AG	9,922		1,083,575
Matson, Inc.	19,990		491,754
Mitsui O.S.K. Lines, Ltd.	196,441		651,101
Nippon Yusen KK (L)	294,713		758,911
Orient Overseas International, Ltd.	41,386		280,451
Rand Logistics, Inc. (I) (L)	5,898		36,125

			8,067,269
Professional Services - 0.4%
Acacia Research Corp. (I)	15,043		453,847
Adecco SA	24,326		1,333,869
ALS, Ltd.	61,785		676,283
Barrett Business Services, Inc.	2,113		111,271
Bureau Veritas SA	10,177		1,267,265
Capita PLC	120,196		1,644,899
CBIZ, Inc. (I) (L)	11,944		76,203
CDI Corp.	4,161		71,569
CRA International, Inc. (I)	3,389		75,812
Equifax, Inc.	41,342		2,380,886
Experian PLC	185,634		3,228,399

322

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Professional Services (continued)
Exponent, Inc.	4,045	$	218,187
Franklin Covey Company (I)	4,360		63,351
FTI Consulting, Inc. (I)	31,838		1,199,019
GP Strategies Corp. (I)	4,460		106,416
Heidrick & Struggles International, Inc.	5,555		83,047
Hill International, Inc. (I)	1,145		3,424
Hudson Global, Inc. (I)	11,046		43,521
Huron Consulting Group, Inc. (I)	6,976		281,272
ICF International, Inc. (I)	6,053		164,642
Insperity, Inc.	6,717		190,561
Intertek Group PLC	29,556		1,526,957
Kelly Services, Inc., Class A (L)	7,933		148,188
Kforce, Inc.	8,749		143,221
Korn/Ferry International (I)	14,333		255,987
ManpowerGroup, Inc.	36,097		2,047,422
Mistras Group, Inc. (I)	4,841		117,201
Navigant Consulting Company (I)	15,565		204,524
Odyssey Marine Exploration, Inc. (I) (L)	24,089		78,530
On Assignment, Inc. (I)	12,846		325,132
Pendrell Corp. (I)	50,290		83,481
Randstad Holdings NV	22,053		903,755
Resources Connection, Inc.	12,828		162,916
Robert Half International, Inc.	47,902		1,797,762
RPX Corp. (I)	6,793		95,849
SGS SA	1,006		2,471,574
The Advisory Board Company (I)	10,290		540,431
The Corporate Executive Board Company	25,674		1,493,200
The Dolan Company (I)	10,504		25,105
The Dun & Bradstreet Corp. (L)	14,024		1,173,108
Towers Watson & Company, Class A	26,549		1,840,377
TrueBlue, Inc. (I)	12,150		256,851
WageWorks, Inc. (I)	2,249		56,292

			29,421,606
Road & Rail - 1.0%
Amerco, Inc.	2,551		442,701
Arkansas Best Corp.	8,220		96,010
Asciano, Ltd.	179,176		1,047,704
Aurizon Holdings, Ltd.	333,971		1,406,956
Avis Budget Group, Inc. (I)	31,933		888,695
Celadon Group, Inc.	6,389		133,275
Central Japan Railway Company, Ltd.	26,514		2,802,250
ComfortDelGro Corp., Ltd.	352,723		543,869
Con-way, Inc.	26,326		926,938
CSX Corp.	350,393		8,630,180
DSV A/S, ADR (L)	34,465		834,429
East Japan Railway Company	61,850		5,091,035
Genesee & Wyoming, Inc., Class A (I) (L)	36,470		3,395,722
Hankyu Hanshin Holdings, Inc.	210,018		1,268,563
Heartland Express, Inc. (L)	14,503		193,470
J.B. Hunt Transport Services, Inc. (L)	42,474		3,163,464
Kansas City Southern	51,733		5,737,190
Keikyu Corp.	85,620		894,405
Keio Corp.	106,064		911,603
Keisei Electric Railway Company, Ltd.	49,607		524,299
Kintetsu Corp. (L)	298,753		1,392,417
Knight Transportation, Inc.	17,480		281,428
Landstar System, Inc.	21,870		1,248,558
Marten Transport, Ltd.	5,019		101,032
MTR Corp., Ltd.	266,273		1,059,561
Nippon Express Company, Ltd.	154,698		742,643
Norfolk Southern Corp.	107,958		8,321,403
Odakyu Electric Railway Company, Ltd. (L)	114,811		1,431,279
Old Dominion Freight Line, Inc. (I)	21,260		812,132


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Road & Rail (continued)
Quality Distribution, Inc. (I)	6,984	$	58,735
Roadrunner Transportation Systems, Inc. (I)	4,244		97,612
Ryder Systems, Inc.	17,669		1,055,723
Saia, Inc. (I)	4,916		177,812
Swift Transportation Company (I) (L)	24,115		341,951
Tobu Railway Company, Ltd.	187,814		1,078,000
Tokyu Corp.	209,232		1,549,329
Union Pacific Corp.	161,089		22,940,684
Werner Enterprises, Inc. (L)	33,986		820,422
West Japan Railway Company	30,736		1,479,006

			83,922,485
Trading Companies & Distributors - 0.5%
Aceto Corp.	8,430		93,320
Aircastle, Ltd.	17,424		238,360
Applied Industrial Technologies, Inc. (L)	12,400		558,000
Beacon Roofing Supply, Inc. (I) (L)	13,952		539,384
Brenntag AG	9,463		1,477,895
Bunzl PLC	60,952		1,202,049
CAI International, Inc. (I)	4,220		121,620
DXP Enterprises, Inc. (I)	2,614		195,266
Edgen Group, Inc. (I)	5,341		38,615
Fastenal Company (L)	92,657		4,757,937
GATX Corp.	21,993		1,142,976
H&E Equipment Services, Inc.	8,632		176,093
Houston Wire & Cable Company	5,912		76,560
ITOCHU Corp.	276,690		3,394,035
Kaman Corp. (L)	7,900		280,213
Marubeni Corp.	303,626		2,321,637
Mitsubishi Corp.	257,295		4,833,784
Mitsui & Company, Ltd.	319,411		4,492,408
MSC Industrial Direct Company, Inc., Class A	21,960		1,883,729
Noble Group, Ltd.	704,010		691,734
Rexel SA	27,618		602,987
Rush Enterprises, Inc., Class A (I) (L)	10,036		242,068
SeaCube Container Leasing, Ltd.	3,567		81,898
Sojitz Corp.	221,951		348,235
Sumitomo Corp.	206,841		2,608,702
TAL International Group, Inc.	8,732		395,647
Textainer Group Holdings, Ltd.	4,097		162,036
Titan Machinery, Inc. (I) (L)	5,148		142,857
Toyota Tsusho Corp.	39,021		1,000,381
United Rentals, Inc. (I) (L)	43,649		2,399,386
W.W. Grainger, Inc.	20,524		4,617,490
Watsco, Inc. (L)	22,628		1,904,825
Wolseley PLC	50,352		2,516,375

			45,538,502
Transportation Infrastructure - 0.1%
Abertis Infraestructuras SA (L)	67,515		1,139,871
Aeroports de Paris	5,330		452,366
Atlantia SpA	60,882		964,467
Auckland International Airport, Ltd.	165,497		407,660
Fraport AG Frankfurt Airport
Services Worldwide	6,923		388,300
Groupe Eurotunnel SA	102,921		820,116
Hutchison Port Holdings Trust	958,997		816,312
Kamigumi Company, Ltd.	41,733		383,810
Koninklijke Vopak NV	12,963		781,901
Mitsubishi Logistics Corp.	22,472		417,027
Sydney Airport	34,384		117,643
Transurban Group	241,984		1,608,446

323

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Transportation Infrastructure (continued)
Wesco Aircraft Holdings, Inc. (I) (L)	5,283	$	77,766

			8,375,685

			923,991,561
Information Technology - 13.7%
Communications Equipment - 1.4%
ADTRAN, Inc. (L)	48,328		949,645
Anaren, Inc. (I)	4,287		83,125
Arris Group, Inc. (I)	33,648		577,736
Aruba Networks, Inc. (I) (L)	33,675		833,120
Aviat Networks, Inc. (I)	19,287		64,997
Bel Fuse, Inc., Class B	3,546		55,353
Black Box Corp.	5,139		112,082
CalAmp Corp. (I)	8,964		98,335
Calix, Inc. (I)	12,463		101,573
Ciena Corp. (I)	77,607		1,242,488
Cisco Systems, Inc.	1,830,243		38,270,381
Comtech Telecommunications Corp.	5,414		131,452
Digi International, Inc. (I)	8,497		75,878
Emulex Corp. (I)	26,759		174,736
Extreme Networks, Inc. (I)	30,345		102,263
F5 Networks, Inc. (I)	26,976		2,403,022
Finisar Corp. (I) (L)	27,513		362,896
Globecomm Systems, Inc. (I)	7,107		85,355
Harmonic, Inc. (I)	36,062		208,799
Harris Corp.	38,735		1,794,980
Infinera Corp. (I) (L)	33,495		234,465
InterDigital, Inc. (L)	31,584		1,510,663
Ixia (I)	12,744		275,780
JDS Uniphase Corp. (I)	80,706		1,079,039
Juniper Networks, Inc. (I)	176,973		3,281,079
KVH Industries, Inc. (I)	5,047		68,488
Loral Space & Communications, Inc.	3,253		201,296
Motorola Solutions, Inc.	94,731		6,065,626
NETGEAR, Inc. (I) (L)	11,469		384,326
Nokia OYJ (L)	688,179		2,247,976
Numerex Corp., Class A (I)	3,353		42,885
Oclaro, Inc. (I) (L)	25,224		31,782
Oplink Communications, Inc. (I)	5,908		96,891
Parkervision, Inc. (I) (L)	24,542		90,069
Plantronics, Inc. (L)	32,725		1,446,118
Polycom, Inc. (I)	83,199		921,845
Procera Networks, Inc. (I)	5,929		70,496
QUALCOMM, Inc.	589,762		39,484,566
Riverbed Technology, Inc. (I)	76,735		1,144,119
ShoreTel, Inc. (I)	15,658		56,839
Sonus Networks, Inc. (I)	65,153		168,746
Symmetricom, Inc. (I)	12,981		58,934
Telefonaktiebolaget LM Ericsson, B Shares	557,735		6,959,112
Tellabs, Inc.	267,033		558,099
Telular Corp.	5,444		54,767
Tessco Technologies, Inc.	1,887		40,835
Ubiquiti Networks, Inc.	3,475		47,677
ViaSat, Inc. (I) (L)	11,292		546,984

			114,897,718
Computers & Peripherals - 2.6%
3D Systems Corp. (I) (L)	21,048		678,588
Apple, Inc.	322,338		142,676,469
Avid Technology, Inc. (I)	9,441		59,195
Cray, Inc. (I)	11,215		260,300
Datalink Corp. (I)	5,333		64,423
Dell, Inc.	501,303		7,183,672


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Computers & Peripherals (continued)
Diebold, Inc. (L)	29,791	$	903,263
Electronics for Imaging, Inc. (I)	13,986		354,685
EMC Corp. (I)	722,362		17,257,228
Fujitsu, Ltd.	342,564		1,430,262
Gemalto NV	14,575		1,271,956
Hewlett-Packard Company	670,284		15,979,571
Imation Corp. (I)	10,868		41,516
Immersion Corp. (I) (L)	8,962		105,214
Intermec, Inc. (I) (L)	18,296		179,850
Intevac, Inc. (I)	8,326		39,299
Lexmark International, Inc., Class A	29,679		783,526
NCR Corp. (I)	76,902		2,119,419
NEC Corp.	478,536		1,278,909
NetApp, Inc. (I)	123,711		4,225,968
OCZ Technology Group, Inc. (I) (L)	21,517		38,731
QLogic Corp. (I)	72,273		838,367
Quantum Corp. (I) (L)	75,058		96,074
SanDisk Corp. (I)	83,012		4,565,660
Seagate Technology PLC (L)	109,632		4,008,146
Silicon Graphics International Corp. (I)	9,900		136,125
STEC, Inc. (I) (L)	11,316		50,017
Super Micro Computer, Inc. (I)	9,229		104,195
Synaptics, Inc. (I)	10,185		414,428
Toshiba Corp.	739,328		3,764,321
Western Digital Corp.	74,350		3,738,318

			214,647,695
Electronic Equipment, Instruments & Components - 0.8%
Aeroflex Holding Corp. (I)	6,454		50,728
Agilysys, Inc. (I)	4,825		47,961
Amphenol Corp., Class A	54,815		4,091,940
Anixter International, Inc. (L)	8,365		584,881
Arrow Electronics, Inc. (I)	49,842		2,024,582
Avnet, Inc. (I)	64,295		2,327,479
Badger Meter, Inc.	4,330		231,742
Benchmark Electronics, Inc. (I)	17,112		308,358
Checkpoint Systems, Inc. (I)	12,561		164,047
Citizen Holdings Company, Ltd.	49,539		253,516
Cognex Corp.	12,801		539,562
Coherent, Inc.	7,083		401,889
Corning, Inc.	505,433		6,737,422
CTS Corp.	10,492		109,536
Daktronics, Inc.	11,059		116,120
DTS, Inc. (I)	5,721		95,140
Echelon Corp. (I)	13,000		31,720
Electro Rent Corp.	5,671		105,140
Electro Scientific Industries, Inc.	7,098		78,433
Fabrinet (I)	6,760		98,764
FARO Technologies, Inc. (I)	5,187		225,064
FEI Company (L)	11,316		730,448
FLIR Systems, Inc.	49,756		1,294,154
FUJIFILM Holdings Corp.	85,125		1,686,133
GSI Group, Inc. (I)	9,394		80,131
Hamamatsu Photonics KK	12,833		508,666
Hexagon AB	43,529		1,187,206
Hirose Electric Company, Ltd.	5,436		717,385
Hitachi High-Technologies Corp.	11,684		244,513
Hitachi, Ltd.	865,304		5,046,674
Hoya Corp.	79,967		1,504,342
Ibiden Company, Ltd.	22,686		355,151
Ingram Micro, Inc., Class A (I)	70,683		1,391,041
Insight Enterprises, Inc. (I)	13,391		276,122
InvenSense, Inc. (I)	11,243		120,075
Itron, Inc. (I)	18,474		857,194

324

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Electronic Equipment, Instruments &
Components (continued)
Jabil Circuit, Inc.	63,136	$	1,166,753
KEMET Corp. (I)	14,438		90,238
Key Tronic Corp. (I) (L)	3,649		41,818
Keyence Corp.	8,368		2,570,766
Kyocera Corp.	28,122		2,581,776
Littelfuse, Inc.	6,455		437,972
Maxwell Technologies, Inc. (I) (L)	9,325		50,262
Measurement Specialties, Inc. (I)	4,615		183,539
Mercury Computer Systems, Inc. (I)	9,906		73,007
Mesa Laboratories, Inc.	879		46,578
Methode Electronics, Inc.	11,237		144,733
Molex, Inc. (L)	47,521		1,391,415
MTS Systems Corp.	4,794		278,771
Multi-Fineline Electronix, Inc. (I)	2,829		43,651
Murata Manufacturing Company, Ltd.	37,271		2,816,361
National Instruments Corp.	44,526		1,458,227
Neonode, Inc. (I)	7,636		44,060
Newport Corp. (I)	11,643		197,000
Nippon Electric Glass Company, Ltd.	66,975		333,697
Omron Corp.	37,369		945,879
OSI Systems, Inc. (I)	5,975		372,183
Park Electrochemical Corp.	6,250		158,375
PC Connection, Inc.	2,887		47,202
Plexus Corp. (I)	10,594		257,540
Power-One, Inc. (I) (L)	20,392		84,627
RealD, Inc. (I) (L)	12,770		166,010
Richardson Electronics, Ltd.	3,956		46,918
Rofin-Sinar Technologies, Inc. (I) (L)	8,597		232,893
Rogers Corp. (I)	4,890		232,862
Sanmina Corp. (I)	24,642		279,933
ScanSource, Inc. (I)	8,412		237,387
Shimadzu Corp.	41,810		297,701
SYNNEX Corp. (I) (L)	7,697		284,789
TDK Corp. (L)	22,573		791,710
TE Connectivity, Ltd.	144,253		6,048,528
Tech Data Corp. (I)	17,710		807,753
Trimble Navigation, Ltd. (I)	119,844		3,590,526
TTM Technologies, Inc. (I)	16,470		125,172
Universal Display Corp. (I) (L)	12,013		353,062
Vishay Intertechnology, Inc. (I) (L)	62,024		844,147
Vishay Precision Group, Inc. (I)	4,216		61,933
Yaskawa Electric Corp.	39,910		401,548
Yokogawa Electric Corp.	36,174		363,748
Zygo Corp. (I)	5,278		78,167

			65,684,476
Internet Software & Services - 1.6%
Akamai Technologies, Inc. (I)	61,057		2,154,702
Angie’s List, Inc. (I) (L)	11,118		219,692
AOL, Inc.	36,232		1,394,570
Bankrate, Inc. (I)	14,358		171,435
Blucora, Inc. (I)	12,287		190,203
Carbonite, Inc. (I) (L)	3,632		39,770
comScore, Inc. (I)	11,191		187,785
Constant Contact, Inc. (I) (L)	9,389		121,869
Cornerstone OnDemand, Inc. (I) (L)	10,326		352,117
CoStar Group, Inc. (I) (L)	8,420		921,653
Dealertrack Technologies, Inc. (I) (L)	12,701		373,155
Demand Media, Inc. (I)	9,601		82,857
Demandware, Inc. (I)	2,195		55,643
Dena Company, Ltd. (L)	19,177		522,444
Dice Holdings, Inc. (I) (L)	12,923		130,910
Digital River, Inc. (I)	11,582		163,769


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Internet Software & Services (continued)
EarthLink, Inc.	33,081	$	179,299
eBay, Inc. (I)	400,533		21,716,899
Envestnet, Inc. (I)	6,558		114,831
Equinix, Inc. (I) (L)	22,923		4,958,474
ExactTarget, Inc. (I) (L)	3,111		72,393
Google, Inc., Class A (I)	91,659		72,779,996
Gree, Inc. (L)	17,528		220,556
Internap Network Services Corp. (I)	16,359		152,957
IntraLinks Holdings, Inc. (I)	12,105		76,988
Ipass, Inc. (I)	16,616		32,900
j2 Global, Inc. (L)	14,053		551,018
Keynote Systems, Inc.	5,031		70,233
Limelight Networks, Inc. (I) (L)	21,447		44,181
Liquidity Services, Inc. (I) (L)	7,144		212,963
LivePerson, Inc. (I)	16,985		230,656
LogMeIn, Inc. (I) (L)	6,864		131,926
Marchex, Inc., Class B	7,340		30,901
Market Leader, Inc. (I)	7,011		62,819
Millennial Media, Inc. (I)	3,820		24,257
Monster Worldwide, Inc. (I) (L)	91,658		464,706
Move, Inc. (I)	12,326		147,296
NIC, Inc. (L)	19,756		378,525
OpenTable, Inc. (I)	6,882		433,428
Perficient, Inc. (I)	10,025		116,892
QuinStreet, Inc. (I)	10,662		63,652
Rackspace Hosting, Inc. (I) (L)	51,882		2,619,003
RealNetworks, Inc. (I)	7,017		54,101
Responsys, Inc. (I) (L)	11,456		101,386
Saba Software, Inc. (I)	9,627		76,535
SciQuest, Inc. (I)	5,591		134,408
SPS Commerce, Inc. (I)	3,842		163,938
Stamps.com, Inc. (I) (L)	4,268		106,572
support.com, Inc. (I)	16,235		67,862
The Active Network, Inc. (I) (L)	12,420		52,040
Travelzoo, Inc. (I)	2,487		53,147
United Internet AG	17,291		420,574
United Online, Inc.	28,033		169,039
Unwired Planet, Inc. (I)	28,491		63,250
ValueClick, Inc. (I)	56,107		1,657,962
VeriSign, Inc. (I) (L)	52,361		2,475,628
VistaPrint NV (I) (L)	10,427		403,108
Vocus, Inc. (I)	6,700		94,805
Web.com Group, Inc. (I) (L)	11,048		188,700
WebMD Health Corp. (I)	15,606		379,538
XO Group, Inc. (I)	8,568		85,680
Yahoo Japan Corp.	2,670		1,230,296
Yahoo!, Inc. (I)	332,665		7,827,607
Yelp, Inc. (I)	2,731		64,752
Zix Corp. (I)	20,055		71,797

			128,913,048
IT Services - 2.7%
Accenture PLC, Class A	221,174		16,802,589
Acxiom Corp. (I)	57,727		1,177,631
Alliance Data Systems Corp. (I)	23,468		3,799,235
Amadeus IT Holding SA, A Shares	57,620		1,559,825
AtoS	9,957		685,700
Automatic Data Processing, Inc.	166,490		10,825,180
Broadridge Financial Solutions, Inc.	57,236		1,421,742
CACI International, Inc., Class A (I) (L)	6,747		390,449
Cap Gemini SA	28,285		1,289,166
Cardtronics, Inc. (I)	13,328		365,987
Cass Information Systems, Inc.	3,112		130,828
CIBER, Inc. (I)	23,573		110,793

325

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
IT Services (continued)
Cognizant Technology
Solutions Corp., Class A (I)	103,588	$	7,935,877
Computer Sciences Corp.	52,683		2,593,584
Computer Task Group, Inc.	4,671		99,913
Computershare, Ltd.	81,535		868,196
Convergys Corp. (L)	82,332		1,402,114
CoreLogic, Inc. (I)	45,886		1,186,612
CSG Systems International, Inc. (I)	10,256		217,325
DST Systems, Inc.	14,135		1,007,401
EPAM Systems, Inc. (I)	1,409		32,731
Euronet Worldwide, Inc. (I) (L)	15,253		401,764
ExlService Holdings, Inc. (I)	7,036		231,344
Fidelity National Information Services, Inc.	100,643		3,987,476
Fiserv, Inc. (I)	45,818		4,024,195
Forrester Research, Inc.	4,244		134,323
Gartner, Inc. (I) (L)	43,802		2,383,267
Global Cash Access Holdings, Inc. (I)	20,182		142,283
Global Payments, Inc.	36,983		1,836,576
Heartland Payment Systems, Inc. (L)	11,643		383,870
Higher One Holdings, Inc. (I) (L)	10,351		92,020
IBM Corp.	359,610		76,704,813
iGATE Corp. (I) (L)	10,047		188,984
Itochu Techno-Science Corp.	4,756		235,352
Jack Henry & Associates, Inc. (L)	40,536		1,873,169
Lender Processing Services, Inc.	39,924		1,016,465
Lionbridge Technologies, Inc. (I)	17,551		67,922
ManTech International Corp., Class A (L)	18,151		487,717
Mastercard, Inc., Class A	36,242		19,611,633
MAXIMUS, Inc.	10,099		807,617
ModusLink Global Solutions, Inc. (I)	13,540		44,682
MoneyGram International, Inc. (I)	7,024		127,134
NeuStar, Inc., Class A (I)	31,060		1,445,222
Nomura Research Institute, Ltd.	18,185		471,331
NTT Data Corp.	229		756,375
Otsuka Corp.	2,817		306,719
Paychex, Inc. (L)	111,115		3,896,803
PRGX Global, Inc. (I)	6,900		47,955
SAIC, Inc. (L)	97,399		1,319,756
Sapient Corp. (I)	37,008		451,128
ServiceSource International, Inc. (I) (L)	15,905		112,448
Sykes Enterprises, Inc. (I) (L)	11,775		187,929
Syntel, Inc.	4,588		309,782
TeleTech Holdings, Inc. (I) (L)	6,927		146,922
Teradata Corp. (I)	56,912		3,329,921
The Hackett Group, Inc.	8,662		39,585
The Western Union Company	195,227		2,936,214
Total Systems Services, Inc.	55,144		1,366,468
Unisys Corp. (I) (L)	13,333		303,326
VeriFone Systems, Inc. (I)	50,757		1,049,655
Virtusa Corp. (I)	5,743		136,454
Visa, Inc., Class A (L)	177,020		30,065,077
WEX, Inc. (I) (L)	29,714		2,332,549

			219,697,103
Office Electronics - 0.2%
Brother Industries, Ltd.	42,476		439,981
Canon, Inc.	207,800		7,663,051
Konica Minolta Holdings, Inc.	87,570		641,348
Ricoh Company, Ltd.	115,869		1,262,281
Xerox Corp.	420,112		3,612,963
Zebra Technologies Corp., Class A (I)	23,938		1,128,198

			14,747,822


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Semiconductors & Semiconductor Equipment - 1.7%
Advanced Energy Industries, Inc. (I)	11,874	$	217,294
Advanced Micro Devices, Inc. (I) (L)	208,254		531,048
Advantest Corp.	26,640		376,646
Alpha & Omega Semiconductor, Ltd. (I)	5,752		51,078
Altera Corp.	109,758		3,893,116
Amkor Technology, Inc. (I) (L)	22,495		89,980
ANADIGICS, Inc. (I)	22,636		45,272
Analog Devices, Inc.	105,038		4,883,217
Applied Materials, Inc.	411,924		5,552,736
Applied Micro Circuits Corp. (I)	19,909		147,725
ARM Holdings PLC	253,592		3,567,246
ASM Pacific Technology, Ltd.	35,768		394,088
ASML Holding NV	57,862		3,895,798
Atmel Corp. (I)	206,089		1,434,379
ATMI, Inc. (I)	9,453		212,031
Axcelis Technologies, Inc. (I)	34,878		43,598
AXT, Inc. (I)	10,788		31,717
Broadcom Corp., Class A	179,690		6,229,852
Brooks Automation, Inc.	19,635		199,884
Cabot Microelectronics Corp. (I) (L)	7,016		243,806
Cavium, Inc. (I) (L)	14,890		577,881
Ceva, Inc. (I)	7,252		113,131
Cirrus Logic, Inc. (I) (L)	19,271		438,415
Cohu, Inc.	7,841		73,392
Cree, Inc. (I)	54,746		2,995,154
Cymer, Inc. (I)	9,207		884,793
Cypress Semiconductor Corp. (L)	63,011		695,011
Diodes, Inc. (I) (L)	10,738		225,283
DSP Group, Inc. (I)	7,143		57,644
Elpida Memory, Inc. (I)	46,667		0
Entegris, Inc. (I)	41,162		405,857
Entropic Communications, Inc. (I) (L)	26,891		109,446
Exar Corp. (I)	11,233		117,947
Fairchild Semiconductor International, Inc. (I)	59,788		845,402
First Solar, Inc. (I) (L)	38,723		1,043,972
FormFactor, Inc. (I)	15,929		74,866
GSI Technology, Inc. (I)	6,894		45,431
GT Advanced Technologies, Inc. (I) (L)	36,357		119,615
Hittite Microwave Corp. (I)	9,342		565,752
Infineon Technologies AG	197,414		1,559,495
Inphi Corp. (I)	7,365		76,964
Integrated Device Technology, Inc. (I)	111,226		830,858
Integrated Silicon Solution, Inc. (I)	8,473		77,697
Intel Corp.	1,697,763		37,096,122
Intermolecular, Inc. (I)	4,770		48,654
International Rectifier Corp. (I) (L)	53,203		1,125,243
Intersil Corp., Class A	97,078		845,549
IXYS Corp.	7,641		73,277
KLA-Tencor Corp.	57,028		3,007,657
Kopin Corp. (I)	21,580		79,846
Lam Research Corp. (I)	55,725		2,310,359
Lattice Semiconductor Corp. (I)	36,150		197,018
Linear Technology Corp.	79,824		3,062,847
LSI Corp. (I)	188,683		1,279,271
LTX-Credence Corp. (I)	15,195		91,778
M/A-COM Technology
Solutions Holdings, Inc. (I)	2,027		32,574
MaxLinear, Inc., Class A (I)	7,688		47,666
Mellanox Technologies, Ltd. (I)	6,506		359,436
MEMC Electronic Materials, Inc. (I)	178,515		785,466
Micrel, Inc. (L)	14,370		151,029
Microchip Technology, Inc. (L)	67,058		2,465,052
Micron Technology, Inc. (I)	350,723		3,500,216

326

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Semiconductors & Semiconductor Equipment (continued)
Microsemi Corp. (I)	26,483	$	613,611
Mindspeed Technologies, Inc. (I)	12,394		41,272
MKS Instruments, Inc.	15,663		426,034
Monolithic Power Systems, Inc. (L)	9,070		221,036
MoSys, Inc. (I)	10,946		51,556
Nanometrics, Inc. (I) (L)	7,341		105,931
NeoPhotonics Corp. (I)	6,765		34,569
NVE Corp. (I) (L)	1,543		87,056
NVIDIA Corp.	214,475		2,749,570
OmniVision Technologies, Inc. (I) (L)	15,668		215,905
PDF Solutions, Inc. (I)	7,326		117,363
Pericom Semiconductor Corp. (I)	7,777		52,961
Photronics, Inc. (I) (L)	18,522		123,727
PLX Technology, Inc. (I)	14,226		64,871
Power Integrations, Inc. (L)	8,551		371,199
QuickLogic Corp. (I) (L)	15,258		37,535
Rambus, Inc. (I)	33,873		190,028
Renewable Energy Corp. ASA (I)	50		10
RF Micro Devices, Inc. (I)	215,175		1,144,731
Rohm Company, Ltd.	17,410		605,073
Rubicon Technology, Inc. (I)	5,503		36,320
Rudolph Technologies, Inc. (I) (L)	9,757		114,937
Semtech Corp. (I)	50,553		1,789,071
Sigma Designs, Inc. (I)	11,250		54,788
Silicon Image, Inc. (I)	25,628		124,552
Silicon Laboratories, Inc. (I) (L)	18,039		746,093
Skyworks Solutions, Inc. (I)	90,161		1,986,247
Spansion, Inc., Class A (I)	14,543		187,168
STMicroelectronics NV	116,851		899,913
Sumco Corp.	21,811		248,036
SunPower Corp. (I) (L)	12,546		144,781
Supertex, Inc.	3,212		71,339
Teradyne, Inc. (I) (L)	65,315		1,059,409
Tessera Technologies, Inc.	15,479		290,231
Texas Instruments, Inc. (L)	379,231		13,455,116
Tokyo Electron, Ltd.	31,528		1,344,318
TriQuint Semiconductor, Inc. (I)	50,937		257,232
Ultra Clean Holdings (I)	8,402		54,613
Ultratech, Inc. (I)	7,840		309,915
Veeco Instruments, Inc. (I)	11,635		445,970
Volterra Semiconductor Corp. (I)	7,855		111,541
Xilinx, Inc.	89,780		3,426,903

			134,946,108
Software - 2.7%
Accelrys, Inc. (I)	16,880		164,749
ACI Worldwide, Inc. (I) (L)	30,333		1,482,070
Actuate Corp. (I)	15,943		95,658
Adobe Systems, Inc. (I)	171,211		7,449,391
Advent Software, Inc. (I)	24,382		681,965
American Software, Inc., Class A	7,718		64,214
ANSYS, Inc. (I)	43,667		3,555,367
Aspen Technology, Inc. (I)	27,873		900,019
Autodesk, Inc. (I)	77,126		3,180,676
AVG Technologies NV (I) (L)	2,638		36,721
Blackbaud, Inc.	13,610		403,264
BMC Software, Inc. (I)	45,118		2,090,317
Bottomline Technologies, Inc. (I) (L)	11,163		318,257
BroadSoft, Inc. (I) (L)	8,301		219,727
CA, Inc.	114,247		2,875,597
Cadence Design Systems, Inc. (I) (L)	132,269		1,842,507
Callidus Software, Inc. (I)	11,840		54,109
Citrix Systems, Inc. (I)	63,982		4,616,941
CommVault Systems, Inc. (I) (L)	33,534		2,749,117


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Software (continued)
Compuware Corp. (I)	99,681	$	1,246,013
Comverse, Inc. (I)	6,682		187,363
Concur Technologies, Inc. (I) (L)	21,404		1,469,599
Dassault Systemes SA	11,473		1,327,203
Digimarc Corp.	2,397		52,662
Ebix, Inc. (L)	8,596		139,427
Electronic Arts, Inc. (I)	103,001		1,823,118
Ellie Mae, Inc. (I) (L)	7,572		182,107
EPIQ Systems, Inc.	9,529		133,692
ePlus, Inc.	1,270		58,687
FactSet Research Systems, Inc. (L)	19,059		1,764,863
Fair Isaac Corp.	26,907		1,229,381
Glu Mobile Inc. (I) (L)	17,327		51,634
Guidance Software, Inc. (I)	4,594		49,845
Guidewire Software, Inc. (I)	6,149		236,368
Imperva, Inc. (I) (L)	3,084		118,734
Infoblox, Inc. (I)	2,454		53,252
Informatica Corp. (I)	50,609		1,744,492
Interactive Intelligence Group (I)	4,448		197,269
Intuit, Inc.	95,631		6,278,175
Jive Software, Inc. (I)	5,174		78,645
Konami Corp.	18,099		361,869
Manhattan Associates, Inc. (I)	6,043		448,934
Mentor Graphics Corp.	72,383		1,306,513
MICROS Systems, Inc. (I) (L)	37,225		1,694,110
Microsoft Corp.	2,587,699		74,034,068
MicroStrategy, Inc., Class A (I)	2,581		260,887
Monotype Imaging Holdings, Inc.	11,177		265,454
Netscout Systems, Inc. (I)	10,992		270,073
Nexon Company, Ltd.	20,353		198,900
Nice Systems, Ltd. (I)	10,560		389,312
Nintendo Company, Ltd.	19,542		2,114,749
Oracle Corp.	1,267,567		40,993,117
Oracle Corp. Japan	6,706		302,504
Pegasystems, Inc.	5,252		147,476
Pervasive Software, Inc. (I)	4,513		41,384
Progress Software Corp. (I)	18,763		427,421
PROS Holdings, Inc. (I)	6,679		181,468
PTC, Inc. (I)	91,850		2,341,257
QLIK Technologies, Inc. (I)	25,818		666,879
RealPage, Inc. (I) (L)	10,928		226,319
Red Hat, Inc. (I)	66,314		3,352,836
Rosetta Stone, Inc. (I)	3,418		52,569
Rovi Corp. (I)	48,718		1,043,052
Salesforce.com, Inc. (I) (L)	46,247		8,270,351
SAP AG	169,055		13,547,991
Seachange International, Inc. (I)	8,801		104,644
SolarWinds, Inc. (I)	28,830		1,703,853
Solera Holdings, Inc.	32,386		1,889,075
Sourcefire, Inc. (I) (L)	8,891		526,614
SS&C Technologies Holdings, Inc. (I)	9,998		299,740
Symantec Corp. (I)	236,566		5,838,449
Synchronoss Technologies, Inc. (I) (L)	8,417		261,180
Synopsys, Inc. (I)	72,209		2,590,859
Take-Two Interactive Software, Inc. (I)	23,632		381,657
Tangoe, Inc. (I) (L)	9,127		113,084
Telenav, Inc. (I)	5,385		34,733
The Sage Group PLC	223,090		1,165,149
TIBCO Software, Inc. (I)	73,091		1,477,900
TiVo, Inc. (I)	37,708		467,202
Trend Micro, Inc.	19,064		535,517
Tyler Technologies, Inc. (I)	8,993		550,911
Ultimate Software Group, Inc. (I)	7,959		829,009

327

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Software (continued)
VASCO Data Security International, Inc. (I)	8,999	$	75,952
Verint Systems, Inc. (I)	15,142		553,440
VirnetX Holding Corp. (I) (L)	12,630		242,117
Websense, Inc. (I)	11,484		172,260

			223,956,033

			1,117,490,003
Materials - 5.1%
Chemicals - 2.7%
A. Schulman, Inc.	8,840		278,990
ADA-ES, Inc. (I)	2,908		77,266
Air Liquide SA	57,186		6,953,463
Air Products & Chemicals, Inc.	71,269		6,208,955
Air Water, Inc.	28,265		394,020
Airgas, Inc.	23,450		2,325,302
Akzo Nobel NV	43,794		2,782,697
Albemarle Corp.	41,677		2,605,646
American Vanguard Corp.	8,348		254,948
Arabian American Development Company (I)	6,477		54,601
Arkema SA	11,467		1,044,319
Asahi Kasei Corp.	231,600		1,564,379
Ashland, Inc.	34,511		2,564,167
Axiall Corp.	20,394		1,267,691
Balchem Corp.	8,850		388,869
BASF SE	168,522		14,765,117
Cabot Corp.	28,070		959,994
Calgon Carbon Corp. (I) (L)	17,250		312,225
CF Industries Holdings, Inc.	21,627		4,117,132
Chemtura Corp. (I)	29,536		638,273
Croda International PLC	24,843		1,036,149
Cytec Industries, Inc.	21,080		1,561,606
Daicel Corp.	54,985		430,586
Denki Kagaku Kogyo KK	83,570		301,664
E.I. du Pont de Nemours & Company (L)	320,701		15,765,661
Eastman Chemical Company	52,845		3,692,280
Ecolab, Inc.	91,122		7,306,162
EMS-Chemie Holding AG	1,500		451,946
Ferro Corp. (I)	26,759		180,623
Flotek Industries, Inc. (I) (L)	15,146		247,637
FMC Corp.	47,253		2,694,839
FutureFuel Corp.	5,972		72,560
Givaudan AG	1,525		1,873,818
H.B. Fuller Company	14,849		580,299
Hawkins, Inc. (L)	2,827		112,939
Hitachi Chemical, Ltd.	19,570		299,881
Incitec Pivot, Ltd.	299,029		965,772
Innophos Holdings, Inc.	6,512		355,295
Innospec, Inc.	6,925		306,639
International Flavors & Fragrances, Inc.	27,993		2,146,223
Intrepid Potash, Inc. (L)	25,188		472,527
Israel Chemicals, Ltd.	81,713		1,057,132
Israel Corp., Ltd.	434		329,756
Johnson Matthey PLC	37,626		1,316,119
JSR Corp.	32,690		669,792
K&S AG	31,632		1,471,422
Kaneka Corp.	48,748		281,878
Kansai Paint Company, Ltd.	38,886		432,360
KMG Chemicals, Inc.	2,771		53,868
Koninklijke DSM NV	28,357		1,652,006
Koppers Holdings, Inc.	6,280		276,194
Kraton Performance Polymers, Inc. (I)	9,738		227,869
Kuraray Company, Ltd.	63,125		890,240
Landec Corp. (I)	7,922		114,631


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Chemicals (continued)
Lanxess AG	15,279	$	1,083,783
Linde AG	33,887		6,303,699
LSB Industries, Inc. (I)	5,671		197,237
LyondellBasell Industries NV, Class A	130,334		8,248,839
Minerals Technologies, Inc.	26,965		1,119,317
Mitsubishi Chemical Holdings Corp.	248,502		1,182,870
Mitsubishi Gas & Chemicals Company, Inc.	69,217		458,090
Mitsui Chemicals, Inc.	154,590		336,842
Monsanto Company	183,922		19,427,681
NewMarket Corp. (L)	5,057		1,316,641
Nitto Denko Corp.	30,361		1,824,460
Novozymes A/S, B shares	44,783		1,517,574
Olin Corp. (L)	61,569		1,552,770
OM Group, Inc. (I)	9,826		230,714
OMNOVA Solutions, Inc. (I)	14,451		110,839
Orica, Ltd.	67,154		1,713,784
PolyOne Corp.	29,907		730,034
PPG Industries, Inc.	49,032		6,567,346
Praxair, Inc.	101,667		11,339,937
Quaker Chemical Corp.	3,890		229,588
Rentech, Inc.	70,238		165,059
RPM International, Inc.	62,063		1,959,950
Sensient Technologies Corp.	38,254		1,495,349
Shin-Etsu Chemical Company, Ltd.	75,391		5,003,033
Showa Denko KK (L)	253,827		382,780
Sigma-Aldrich Corp. (L)	41,339		3,211,214
Sika AG	394		958,129
Solvay SA	10,894		1,476,457
Stepan Company	5,009		316,068
Sumitomo Chemical Company, Ltd.	273,291		858,825
Syngenta AG	17,068		7,134,097
Taiyo Nippon Sanso Corp.	42,657		296,782
Teijin, Ltd.	167,243		387,666
The Dow Chemical Company (L)	413,409		13,162,943
The Mosaic Company	94,983		5,661,937
The Scotts Miracle-Gro Company, Class A (L)	18,190		786,536
The Sherwin-Williams Company	29,458		4,975,162
Toray Industries, Inc.	269,562		1,830,514
Tredegar Corp.	7,376		217,149
Ube Industries, Ltd.	179,889		355,000
Umicore SA	20,951		985,602
Valspar Corp.	39,289		2,445,740
Yara International ASA	33,923		1,542,957
Zep, Inc.	6,891		103,434
Zoltek Companies, Inc. (I) (L)	8,845		105,698

			220,496,553
Construction Materials - 0.3%
Boral, Ltd.	142,225		729,405
Cimpor-Cimentos de Portugal SA	9		39
CRH PLC	125,168		2,765,779
CRH PLC (London Exchange)	7,591		168,523
Eagle Materials, Inc.	14,594		972,398
Fletcher Building, Ltd.	125,501		901,538
Headwaters, Inc. (I)	19,359		211,013
HeidelbergCement AG	25,830		1,857,238
Holcim, Ltd.	42,078		3,356,991
Imerys SA	6,040		392,783
James Hardie Industries, Ltd.	80,263		839,586
Lafarge SA	34,327		2,283,107
Martin Marietta Materials, Inc.	21,476		2,190,982
Taiheiyo Cement Corp.	209,279		502,554
Texas Industries, Inc. (I) (L)	6,747		425,803
United States Lime & Minerals, Inc. (I)	624		33,191

328

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Construction Materials (continued)
Vulcan Materials Company (L)	44,577	$	2,304,631

			19,935,561
Containers & Packaging - 0.3%
AEP Industries, Inc. (I)	1,332		95,651
Amcor, Ltd.	221,983		2,155,509
Aptargroup, Inc. (L)	31,147		1,786,280
Ball Corp.	51,286		2,440,188
Bemis Company, Inc. (L)	35,351		1,426,766
Boise, Inc.	30,293		262,337
Graphic Packaging Holding Company (I)	44,136		330,579
Greif, Inc., Class A	14,268		765,050
MeadWestvaco Corp.	60,304		2,189,035
Myers Industries, Inc.	10,142		141,582
Owens-Illinois, Inc. (I)	56,304		1,500,502
Packaging Corp. of America	46,116		2,069,225
Rexam PLC	145,238		1,164,683
Rock-Tenn Company, Class A	33,696		3,126,652
Sealed Air Corp.	66,791		1,610,331
Silgan Holdings, Inc.	21,269		1,004,960
Sonoco Products Company	47,441		1,659,961
Toyo Seikan Kaisha, Ltd.	27,129		375,902
UFP Technologies, Inc. (I)	2,012		39,616

			24,144,809
Metals & Mining - 1.6%
A. M. Castle & Company (I) (L)	5,314		92,995
AK Steel Holding Corp. (L)	37,810		125,151
Alcoa, Inc. (L)	367,075		3,127,479
Allegheny Technologies, Inc. (L)	36,890		1,169,782
Alumina, Ltd.	464,900		543,224
AMCOL International Corp. (L)	7,726		233,248
Anglo American PLC	254,830		6,560,036
Antofagasta PLC	72,438		1,084,673
ArcelorMittal	183,510		2,370,424
BHP Billiton PLC	387,436		11,248,726
BHP Billiton, Ltd.	589,068		20,157,905
Boliden AB	50,232		810,300
Carpenter Technology Corp.	20,759		1,023,211
Century Aluminum Company (I)	16,101		124,622
Cliffs Natural Resources, Inc. (L)	52,010		988,710
Coeur d’Alene Mines Corp. (I)	26,752		504,543
Commercial Metals Company	54,780		868,263
Compass Minerals International, Inc. (L)	15,632		1,233,365
Daido Steel Company, Ltd.	49,557		264,096
Eurasian Natural Resources Corp. PLC	48,504		181,645
Evraz PLC	54,793		186,001
Fortescue Metals Group, Ltd. (L)	257,176		1,065,081
Freeport-McMoRan Copper & Gold, Inc.	325,933		10,788,382
Fresnillo PLC	32,957		681,155
General Moly, Inc. (I)	21,432		47,365
Glencore International PLC (L)	716,286		3,894,429
Globe Specialty Metals, Inc. (L)	18,924		263,422
Gold Reserve, Inc. (I)	16,533		46,292
Gold Resource Corp. (L)	8,999		117,257
Golden Minerals Company (I) (L)	9,864		23,476
Golden Star Resources, Ltd. (I) (L)	78,098		124,957
Haynes International, Inc.	3,820		211,246
Hecla Mining Company (L)	84,640		334,328
Hitachi Metals, Ltd.	31,164		298,334
Horsehead Holding Corp. (I)	14,069		153,071
Iluka Resources, Ltd. (L)	76,672		749,687
JFE Holdings, Inc.	90,135		1,742,429
Kaiser Aluminum Corp. (L)	5,902		381,564


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Metals & Mining (continued)
Kazakhmys PLC	37,305	$	222,712
Kobe Steel, Ltd. (I)	463,117		544,874
Maruichi Steel Tube, Ltd.	8,861		206,908
Materion Corp. (L)	6,328		180,348
McEwen Mining, Inc. (I) (L)	65,187		186,435
Metals USA Holdings Corp.	3,554		73,390
Midway Gold Corp. (I)	42,359		51,678
Mitsubishi Materials Corp.	203,333		575,065
Newcrest Mining, Ltd.	140,614		2,938,456
Newmont Mining Corp.	170,499		7,142,203
Nippon Steel Corp.	1,396,067		3,552,949
Noranda Aluminum Holding Corp.	11,196		50,270
Norsk Hydro ASA	170,472		741,436
Nucor Corp. (L)	109,050		5,032,658
Olympic Steel, Inc. (L)	3,069		73,349
OZ Minerals, Ltd.	55,424		309,039
Paramount Gold and Silver Corp. (I) (L)	39,898		88,973
Randgold Resources, Ltd.	16,043		1,381,506
Reliance Steel & Aluminum Company (L)	35,809		2,548,527
Rio Tinto PLC	245,939		11,583,905
Rio Tinto, Ltd.	79,770		4,766,198
Royal Gold, Inc.	30,542		2,169,398
RTI International Metals, Inc. (I) (L)	9,336		295,858
Salzgitter AG	6,907		277,300
Schnitzer Steel Industries, Inc., Class A (L)	7,818		208,428
Sims Metal Management, Ltd.	29,075		304,720
Steel Dynamics, Inc.	103,251		1,638,593
Stillwater Mining Company (I) (L)	35,062		453,352
Sumitomo Metal Mining Company, Ltd.	96,343		1,368,542
SunCoke Energy, Inc. (I)	21,564		352,140
ThyssenKrupp AG	70,803		1,440,972
U.S. Silica Holdings, Inc.	3,885		91,608
United States Steel Corp. (L)	49,521		965,660
Universal Stainless & Alloy (I)	2,243		81,533
US Antimony Corp. (I) (L)	17,328		29,977
Vedanta Resources PLC	20,004		305,902
Vista Gold Corp. (I) (L)	18,470		39,895
Voestalpine AG	20,671		635,551
Worthington Industries, Inc.	40,668		1,259,895
Xstrata PLC	385,147		6,277,784
Yamato Kogyo Company, Ltd.	7,886		216,098

			134,484,959
Paper & Forest Products - 0.2%
Buckeye Technologies, Inc.	11,797		353,320
Clearwater Paper Corp. (I)	7,044		371,148
Deltic Timber Corp. (L)	3,255		223,684
Domtar Corp. (L)	16,305		1,265,594
International Paper Company	151,452		7,054,634
KapStone Paper and Packaging Corp.	12,113		336,741
Louisiana-Pacific Corp. (I)	106,605		2,302,668
Neenah Paper, Inc.	4,817		148,171
Nippon Paper Group, Inc. (L)	18,597		283,691
OJI Paper Company, Ltd.	143,933		540,758
P.H. Glatfelter Company	12,640		295,523
Resolute Forest Products (I) (L)	24,097		389,889
Schweitzer-Mauduit International, Inc.	9,232		357,555
Stora Enso OYJ, Series R (L)	100,730		652,548
UPM-Kymmene OYJ (L)	96,591		1,082,110
Wausau Paper Corp. (L)	13,438		144,862

			15,802,896

			414,864,778

329

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Telecommunication Services - 3.2%
Diversified Telecommunication Services - 2.5%
8x8, Inc. (I) (L)	21,656	$	148,344
American Tower Corp.	135,621		10,431,967
AT&T, Inc.	1,885,043		69,162,228
Atlantic Tele-Network, Inc.	2,806		136,119
Belgacom SA (L)	27,977		696,166
Bezeq The
Israeli Telecommunication Corp., Ltd.	342,295		475,031
BT Group PLC	1,442,384		6,077,620
Cbeyond, Inc. (I)	8,299		61,662
CenturyLink, Inc. (L)	214,826		7,546,837
Cincinnati Bell, Inc. (I) (L)	59,789		194,912
Cogent Communications Group, Inc.	14,371		379,394
Consolidated
Communications Holdings, Inc. (L)	11,800		207,090
Deutsche Telekom AG	514,433		5,439,598
Elisa OYJ, Class A (L)	25,759		478,735
Fairpoint Communications, Inc. (I) (L)	6,985		52,178
France Telecom SA	340,878		3,456,398
Frontier Communications Corp. (L)	342,674		1,363,843
General Communication, Inc., Class A (I)	11,459		105,079
Hawaiian Telcom Holdco, Inc. (I)	3,143		72,509
HickoryTech Corp.	4,595		46,639
HKT Trust and HKT, Ltd.	413,254		413,561
IDT Corp., Class B	4,517		54,475
Iliad SA	4,183		890,475
inContact, Inc. (I) (L)	12,277		99,321
Inmarsat PLC	82,313		880,693
Iridium Communications, Inc. (I) (L)	15,966		96,115
Koninklijke KPN NV (L)	184,142		623,989
Lumos Networks Corp.	4,837		65,203
magicJack VocalTec, Ltd. (I) (L)	4,547		63,658
Nippon Telegraph & Telephone Corp.	80,259		3,501,179
ORBCOMM, Inc. (I)	11,613		60,504
PCCW, Ltd.	752,479		347,287
Portugal Telecom SGPS SA (L)	114,020		566,817
Premiere Global Services, Inc. (I)	15,371		168,927
Primus Telecommunications Group, Inc. (L)	3,974		43,913
Singapore Telecommunications, Ltd.	1,437,549		4,168,147
Singapore Telecommunications, Ltd.
(Singapore Exchange)	28,535		82,521
Swisscom AG	4,284		1,982,879
TDC A/S	121,541		938,686
Tele2 AB, B Shares	58,446		1,018,347
Telecom Corp. of New Zealand, Ltd. (L)	341,458		669,556
Telecom Italia RSP	1,109,149		685,112
Telecom Italia SpA (Italian Exchange)	1,725,726		1,225,574
Telefonica SA	751,291		10,155,145
Telekom Austria AG	41,656		273,606
Telenet Group Holding NV	9,375		463,546
Telenor ASA	129,016		2,829,570
TeliaSonera AB	398,277		2,847,251
Telstra Corp., Ltd.	796,808		3,745,916
Towerstream Corp. (I)	16,418		36,612
tw telecom, Inc. (I)	71,551		1,802,370
Verizon Communications, Inc.	981,127		48,222,392
Vivendi SA	242,783		5,028,304
Vonage Holdings Corp. (I)	47,384		136,940
Windstream Corp. (L)	202,659		1,611,139
Ziggo NV	22,100		778,099

			203,110,178


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Wireless Telecommunication Services - 0.7%
Boingo Wireless, Inc. (I)	5,603	$	30,929
Crown Castle International Corp. (I)	100,628		7,007,734
KDDI Corp.	98,350		4,114,767
Leap Wireless International, Inc. (I) (L)	17,133		100,913
MetroPCS Communications, Inc. (I)	109,853		1,197,398
Millicom International Cellular SA	11,616		928,756
NTELOS Holdings Corp.	4,972		63,691
NTT DOCOMO, Inc.	2,796		4,155,408
Shenandoah Telecommunications Company (L)	7,589		115,580
Softbank Corp.	173,954		8,015,811
Sprint Nextel Corp. (I)	1,033,442		6,417,675
StarHub, Ltd.	112,963		396,579
Telephone & Data Systems, Inc.	47,130		993,029
USA Mobility, Inc.	7,206		95,624
Vodafone Group PLC	9,020,289		25,602,726

			59,236,620

			262,346,798
Utilities - 3.5%
Electric Utilities - 1.8%
Acciona SA	4,730		260,080
ALLETE, Inc.	11,437		560,642
American Electric Power Company, Inc.	166,716		8,107,399
Cheung Kong Infrastructure Holdings, Ltd.	91,843		629,576
Chubu Electric Power Company, Inc.	118,323		1,441,779
Cleco Corp.	46,675		2,195,125
CLP Holdings, Ltd.	324,256		2,842,243
Contact Energy, Ltd.	69,201		330,410
Duke Energy Corp.	241,880		17,558,069
Edison International	111,823		5,626,933
EDP - Energias de Portugal SA	350,756		1,082,631
El Paso Electric Company	12,108		407,434
Electricite de France SA	44,181		847,728
Enel SpA	1,204,503		3,950,791
Entergy Corp.	61,133		3,866,051
Exelon Corp.	293,506		10,120,087
FirstEnergy Corp.	143,564		6,058,401
Fortum OYJ	81,635		1,650,090
Great Plains Energy, Inc.	72,070		1,671,303
Hawaiian Electric Industries, Inc.	46,094		1,277,265
Hokkaido Electric Power Company, Inc.	34,443		352,554
Hokuriku Electric Power Company	29,919		369,807
Iberdrola SA	864,522		4,031,620
IDACORP, Inc.	38,372		1,852,216
Kyushu Electric Power Company, Inc.	78,298		799,230
MGE Energy, Inc. (L)	6,817		377,934
NextEra Energy, Inc.	145,496		11,302,129
Northeast Utilities	107,893		4,689,030
NV Energy, Inc.	110,499		2,213,295
OGE Energy Corp.	46,366		3,244,693
Otter Tail Corp. (L)	10,636		331,205
Pepco Holdings, Inc.	78,983		1,690,236
Pinnacle West Capital Corp.	37,670		2,180,716
PNM Resources, Inc.	61,172		1,424,696
Portland General Electric Company	22,426		680,181
Power Assets Holdings, Ltd.	253,387		2,394,231
PPL Corp.	200,077		6,264,411
Red Electrica Corp. SA	19,910		1,002,255
Shikoku Electric Power Company, Inc.	30,125		429,140
SP AusNet	313,421		390,236
SSE PLC	175,766		3,971,519
Terna Rete Elettrica Nazionale SpA	240,376		997,118
The Chugoku Electric Power Company, Inc.	54,467		711,452

330

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Electric Utilities (continued)
The Empire District Electric Company	12,832	$	287,437
The Kansai Electric Power Company, Ltd.	137,939		1,309,428
The Southern Company	298,287		13,995,626
Tohoku Electric Power Company, Inc. (I)	83,079		661,851
Tokyo Electric Power Company, Inc. (I)	269,336		669,813
UIL Holdings Corp. (L)	15,305		605,925
Unitil Corp.	4,589		129,089
UNS Energy Corp.	12,073		590,853
Verbund AG, Class A	12,824		278,203
Westar Energy, Inc.	59,525		1,975,040
Xcel Energy, Inc.	167,607		4,977,928

			147,665,134
Gas Utilities - 0.3%
AGL Resources, Inc. (L)	40,451		1,696,919
APA Group, Ltd.	151,996		945,142
Atmos Energy Corp.	42,507		1,814,624
Chesapeake Utilities Corp.	3,049		149,553
Enagas SA	35,166		821,676
Gas Natural SDG SA	64,131		1,136,607
Hong Kong & China Gas Company, Ltd.	958,706		2,794,160
National Fuel Gas Company	39,242		2,407,497
New Jersey Resources Corp. (L)	12,352		553,987
Northwest Natural Gas Company (L)	8,021		351,480
ONEOK, Inc.	70,341		3,353,155
Osaka Gas Company, Ltd.	344,488		1,506,083
Piedmont Natural Gas Company, Inc. (L)	21,241		698,404
Questar Corp.	82,137		1,998,393
Snam SpA	311,235		1,419,916
South Jersey Industries, Inc.	9,062		503,757
Southwest Gas Corp.	13,549		643,036
The Laclede Group, Inc. (L)	6,653		284,083
Toho Gas Company, Ltd.	72,924		464,351
Tokyo Gas Company, Ltd.	450,269		2,433,835
UGI Corp.	53,041		2,036,244
WGL Holdings, Inc.	39,365		1,735,997

			29,748,899
Independent Power Producers & Energy Traders - 0.1%
AES Corp.	212,451		2,670,509
Atlantic Power Corp.	35,567		175,345
EDP Renovaveis SA (I)	48		232
Electric Power Development Company, Ltd.	21,106		537,140
Enel Green Power SpA	317,950		597,098
Genie Energy, Ltd., B Shares	5,510		51,023
NRG Energy, Inc.	110,927		2,938,456
Ormat Technologies, Inc.	5,762		118,985

			7,088,788
Multi-Utilities - 1.2%
A2A SpA	39		23
AGL Energy, Ltd.	100,373		1,660,664
Alliant Energy Corp.	52,106		2,614,679
Ameren Corp.	83,287		2,916,711
Avista Corp.	17,626		482,952
Black Hills Corp. (L)	33,992		1,497,008
CenterPoint Energy, Inc.	146,785		3,516,969
Centrica PLC	951,897		5,326,853
CH Energy Group, Inc.	4,338		283,662
CMS Energy Corp.	90,891		2,539,495
Consolidated Edison, Inc.	100,534		6,135,590
Dominion Resources, Inc.	197,819		11,509,109
DTE Energy Company	59,225		4,047,437
E.ON AG	329,816		5,761,033


Strategic Equity Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Multi-Utilities (continued)
GDF Suez	243,439	$	4,692,071
Integrys Energy Group, Inc.	26,902		1,564,620
MDU Resources Group, Inc.	88,573		2,213,439
National Grid PLC	666,845		7,765,591
NiSource, Inc.	106,807		3,133,717
NorthWestern Corp.	10,872		433,358
PG&E Corp.	150,568		6,704,793
Public Service Enterprise Group, Inc.	173,681		5,964,206
RWE AG	89,806		3,348,914
SCANA Corp.	45,442		2,324,813
Sempra Energy	77,664		6,208,460
Suez Environnement Company	50,973		650,503
TECO Energy, Inc. (L)	70,077		1,248,772
Vectren Corp.	38,630		1,368,275
Veolia Environnement SA	61,718		779,109
Wisconsin Energy Corp.	78,600		3,371,154

			100,063,980
Water Utilities - 0.1%
American States Water Company (L)	5,557		319,916
Aqua America, Inc. (L)	65,905		2,072,053
Artesian Resources Corp., Class A	2,857		64,197
Cadiz, Inc. (I) (L)	4,600		31,096
California Water Service Group	12,605		250,840
Connecticut Water Service, Inc. (L)	3,034		88,684
Consolidated Water Company, Ltd.	5,334		52,807
Middlesex Water Company	5,077		99,103
Severn Trent PLC	43,801		1,139,968
SJW Corp. (L)	4,466		118,349
United Utilities Group PLC	125,373		1,350,391
York Water Company	4,674		87,840

			5,675,244

			290,242,045

TOTAL COMMON STOCKS (Cost $6,889,142,285)		$	7,918,220,820


PREFERRED SECURITIES - 0.1%
Consumer Discretionary - 0.1%
Bayerische Motoren Werke AG	9,916		633,608
Porsche Automobil Holding SE	28,154		2,059,234
ProSiebenSat.1 Media AG	19,164		684,554
Volkswagen AG	26,495		5,266,699

			8,644,095
Consumer Staples - 0.0%
Henkel AG & Company KgaA	32,552		3,134,190
Utilities - 0.0%
RWE AG (L)	7,347		263,542

TOTAL PREFERRED SECURITIES (Cost $9,782,569)		$	12,041,827


INVESTMENT COMPANIES - 0.6%
Firsthand Technology Value Fund, Inc. (I)	2,811		54,224
iShares MSCI EAFE Index Fund	562,093		33,152,245
iShares Russell 2000 Index Fund (L)	137,628		12,972,815

TOTAL INVESTMENT COMPANIES (Cost $44,570,491)		$	46,179,284


WARRANTS - 0.0%
Energy - 0.0%
Magnum Hunter Resources (Expiration Date:
10/14/2013; Strike Price: $10.50) (I) (L)	3,567		464

TOTAL WARRANTS (Cost $1,417)		$	464

331

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Equity Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value


SECURITIES LENDING COLLATERAL - 6.1%
John Hancock Collateral
Investment Trust, 0.2481% (W) (Y)		49,498,387		495,414,505

TOTAL SECURITIES LENDING
COLLATERAL (Cost $495,353,991)			$	495,414,505


SHORT-TERM INVESTMENTS - 1.4%
Repurchase Agreement - 1.4%
Repurchase Agreement with State Street Corp.
dated 03/28/2013 at 0.010% to be
repurchased at $117,207,130 on 04/01/2013,
collateralized by $118,260,000
U.S. Treasury Notes, 0.875% - 2.750% due
01/31/2018 - 02/28/2018 (valued at
$119,567,613, including interest)	$	117,207,000	$	117,207,000

TOTAL SHORT-TERM INVESTMENTS (Cost $117,207,000)			$	117,207,000

Total Investments (Strategic Equity Allocation Trust)
(Cost $7,556,057,753) - 104.9%			$	8,589,063,900
Other assets and liabilities, net - (4.9%)				(400,287,888)

TOTAL NET ASSETS - 100.0%			$	8,188,776,012




Strategic Income Opportunities Trust
		Shares or
		Principal
		Amount		Value


FOREIGN GOVERNMENT
OBLIGATIONS - 27.1%
Australia - 2.0%
New South Wales Treasury Corp.
6.000%, 05/01/2020	AUD	3,905,000	$	4,570,550
Queensland Treasury Corp.
6.000%, 10/21/2015 to 04/21/2016		4,984,000		5,547,132

				10,117,682
Brazil - 0.6%
Federative Republic of Brazil
8.500%, 01/05/2024	BRL	3,440,000		1,808,734
10.250%, 01/10/2028		2,434,000		1,445,404

				3,254,138
Canada - 3.8%
Canada Housing Trust No. 1
2.750%, 06/15/2016 (S)	CAD	3,500,000		3,600,020
Government of Canada
3.000%, 12/01/2015		4,130,000		4,270,465
Province of Alberta
1.700%, 12/15/2017		2,325,000		2,287,396
Province of Ontario
3.150%, 09/08/2015		1,150,000		1,181,947
6.250%, 06/16/2015	NZD	5,777,000		5,122,877
Province of Quebec
4.500%, 12/01/2016	CAD	2,000,000		2,172,092

				18,634,797
Indonesia - 1.6%
Republic of Indonesia
6.125%, 05/15/2028	IDR	16,000,000,000		1,613,011
7.000%, 05/15/2022		8,000,000,000		907,727
8.250%, 07/15/2021		5,970,000,000		726,735
9.500%, 06/15/2015		28,220,000,000		3,197,757
10.000%, 07/15/2017		10,880,000,000		1,332,641


Strategic Income Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value


FOREIGN GOVERNMENT
OBLIGATIONS (continued)
Indonesia (continued)
Republic of Indonesia (continued)
14.250%, 06/15/2013	IDR	3,250,000,000	$	341,867

				8,119,738
Ireland - 1.8%
Government of Ireland
5.400%, 03/13/2025	EUR	6,275,000		8,695,146
Malaysia - 1.4%
Government of Malaysia
3.835%, 08/12/2015	MYR	12,850,000		4,224,789
4.262%, 09/15/2016		7,900,000		2,650,106

				6,874,895
Mexico - 0.8%
Government of Mexico
6.000%, 06/18/2015	MXN	23,000,000		1,929,989
9.500%, 12/18/2014		21,500,000		1,894,051

				3,824,040
New Zealand - 2.7%
Dominion of New Zealand
5.000%, 03/15/2019	NZD	2,000,000		1,849,625
6.000%, 12/15/2017 to 05/15/2021		11,760,000		11,304,642

				13,154,267
Norway - 1.2%
Government of Norway
4.500%, 05/22/2019	NOK	10,247,000		2,042,119
5.000%, 05/15/2015		18,498,000		3,413,583
6.500%, 05/15/2013		3,400,000		584,937

				6,040,639
Peru - 0.1%
Republic of Peru
7.350%, 07/21/2025	$	280,000		395,220
Philippines - 2.0%
Republic of Philippines
4.950%, 01/15/2021	PHP	33,000,000		923,854
5.875%, 12/16/2020 to 03/01/2032		157,303,440		4,705,163
6.250%, 01/14/2036		43,000,000		1,400,055
6.500%, 04/28/2021		91,000,000		2,806,943

				9,836,015
Singapore - 1.1%
Republic of Singapore
1.375%, 10/01/2014	SGD	1,000,000		820,251
2.375%, 04/01/2017		2,800,000		2,431,692
3.250%, 09/01/2020		2,260,000		2,088,463

				5,340,406
South Korea - 4.2%
Korea Treasury Bond Coupon Strips, IO
3.554%, 09/10/2013	KRW	83,030,000		73,803
3.601%, 03/10/2014		83,030,000		72,889
3.658%, 09/10/2014		83,030,000		71,990
3.702%, 03/10/2015		83,030,000		71,106
3.772%, 09/10/2015		83,030,000		70,240
3.899%, 03/10/2016 to 09/10/2016		166,060,000		137,842
3.958%, 03/10/2017		83,030,000		67,601
4.042%, 09/10/2017		83,030,000		66,724
4.109%, 03/10/2018		83,030,000		65,853
4.197%, 09/10/2018		83,030,000		64,930
Korea Treasury Bond Principal Strips, PO
4.196%, 09/10/2018		2,888,000,000		2,258,452

332

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Income Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value


FOREIGN GOVERNMENT
OBLIGATIONS (continued)
South Korea (continued)
Republic of Korea
3.250%, 06/10/2015	KRW	5,000,000,000	$	4,568,726
3.500%, 03/10/2017		2,000,000,000		1,863,313
4.000%, 03/10/2016		2,750,000,000		2,577,355
4.250%, 06/10/2021		6,500,000,000		6,489,297
5.000%, 06/10/2020		2,000,000,000		2,068,988
5.750%, 09/10/2018		2,000,000		2,087

				20,591,196
Sweden - 1.9%
Kingdom of Sweden
3.750%, 08/12/2017	SEK	13,015,000		2,211,924
4.500%, 08/12/2015		13,075,000		2,167,883
5.000%, 12/01/2020		17,300,000		3,306,368
Svensk Exportkredit AB
7.625%, 06/30/2014	NZD	1,975,000		1,736,729

				9,422,904
Thailand - 1.9%
Bank of Thailand
3.200%, 10/22/2014	THB	139,000,000		4,774,181
Kingdom of Thailand
3.250%, 06/16/2017		140,000,000		4,818,629

				9,592,810

TOTAL FOREIGN GOVERNMENT
OBLIGATIONS (Cost $126,808,450)			$	133,893,893


CORPORATE BONDS - 43.9%
Consumer Discretionary - 8.6%
AMC Entertainment, Inc.
8.750%, 06/01/2019	$	905,000		993,213
9.750%, 12/01/2020		1,280,000		1,476,800
American Axle & Manufacturing, Inc.
6.625%, 10/15/2022		1,195,000		1,236,825
Arcos Dorados Holdings, Inc.
10.250%, 07/13/2016 (S)	BRL	1,415,000		724,393
Automotores Gildemeister SA
6.750%, 01/15/2023 (S)	$	350,000		367,500
8.250%, 05/24/2021 (S)		760,000		845,500
Beazer Homes USA, Inc.
6.625%, 04/15/2018		215,000		232,469
7.250%, 02/01/2023 (S)		150,000		153,000
8.125%, 06/15/2016		700,000		757,750
9.125%, 05/15/2019		330,000		355,575
Burlington Coat Factory Warehouse Corp.
10.000%, 02/15/2019		680,000		754,800
Cablevision Systems Corp.
8.000%, 04/15/2020		1,150,000		1,293,750
CCO Holdings LLC
7.000%, 01/15/2019		1,605,000		1,729,388
Chrysler Group LLC
8.250%, 06/15/2021		370,000		413,013
Cinemark USA, Inc.
7.375%, 06/15/2021		560,000		625,800
Clear Channel Communications, Inc.
9.000%, 03/01/2021		475,000		443,531
10.750%, 08/01/2016		1,685,000		1,301,663
Clear Channel Communications, Inc., PIK
11.000%, 08/01/2016		1,011,255		801,420
Corporacion GEO SAB de CV
9.250%, 06/30/2020 (S)		200,000		173,000


Strategic Income Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Consumer Discretionary (continued)
DISH DBS Corp.
4.625%, 07/15/2017	$	210,000	$	217,875
5.000%, 03/15/2023 (S)		1,130,000		1,111,638
7.875%, 09/01/2019		2,300,000		2,725,500
Fontainebleau Las Vegas Holdings LLC
10.250%, 06/15/2015 (H)(S)		1,450,000		906
Ford Motor Company
4.750%, 01/15/2043		2,165,000		2,018,375
6.625%, 10/01/2028		913,000		1,053,538
7.450%, 07/16/2031		470,000		595,130
Ford Motor Credit Company LLC
4.250%, 02/03/2017		885,000		947,447
Gray Television, Inc.
7.500%, 10/01/2020		175,000		186,813
Hillman Group, Inc.
10.875%, 06/01/2018		295,000		324,500
Lamar Media Corp.
5.000%, 05/01/2023		625,000		625,000
Little Traverse Bay Bands of Odawa
Indians
9.000%, 08/31/2020 (S)		520,000		504,400
Macy’s Retail Holdings, Inc.
7.875%, 08/15/2036		974,000		1,085,376
Meritage Homes Corp.
7.000%, 04/01/2022		390,000		434,363
MGM Resorts International
8.625%, 02/01/2019		420,000		489,300
PVH Corp.
7.375%, 05/15/2020		250,000		278,750
Quebecor Media, Inc.
7.375%, 01/15/2021	CAD	170,000		181,990
QVC, Inc.
5.950%, 03/15/2043 (S)	$	1,205,000		1,201,791
Regal Entertainment Group
9.125%, 08/15/2018		305,000		342,363
Shaw Communications, Inc.
5.500%, 12/07/2020	CAD	555,000		630,160
6.500%, 06/02/2014		325,000		336,031
Sirius XM Radio, Inc.
5.250%, 08/15/2022 (S)	$	430,000		439,675
Standard Pacific Corp.
8.375%, 05/15/2018 to 01/15/2021		545,000		643,238
Tenneco, Inc.
6.875%, 12/15/2020		285,000		313,144
The Goodyear Tire & Rubber Company
7.000%, 05/15/2022		1,980,000		2,086,425
8.750%, 08/15/2020		320,000		366,400
Toys R Us - Delaware, Inc.
7.375%, 09/01/2016 (S)		545,000		557,944
Toys R Us Property Company II LLC
8.500%, 12/01/2017		190,000		200,688
Univision Communications, Inc.
6.750%, 09/15/2022 (S)		1,290,000		1,393,200
Videotron Ltee
7.125%, 01/15/2020 (S)	CAD	420,000		455,143
Waterford Gaming LLC
8.625%, 09/15/2014 (S)	$	1,916,366		831,163
WMG Acquisition Corp.
11.500%, 10/01/2018		1,590,000		1,866,263
Wok Acquisition Corp.
10.250%, 06/30/2020 (S)		1,465,000		1,567,550

333

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Income Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Consumer Discretionary (continued)
XM Satellite Radio, Inc.
7.625%, 11/01/2018 (S)	$	1,420,000	$	1,567,325

				42,258,794
Consumer Staples - 1.5%
Anheuser-Busch InBev Worldwide, Inc.
9.750%, 11/17/2015	BRL	2,111,000		1,129,802
ARAMARK Corp.
5.750%, 03/15/2020 (S)	$	310,000		316,975
B&G Foods, Inc.
7.625%, 01/15/2018		128,000		136,640
Corporacion Lindley SA
6.750%, 11/23/2021 (S)		405,000		466,358
Corporacion Pesquera Inca SAC
9.000%, 02/10/2017 (S)		375,000		381,000
Harbinger Group, Inc.
7.875%, 07/15/2019 (S)		2,125,000		2,241,875
Marfrig Holding Europe BV
8.375%, 05/09/2018 (S)		285,000		257,213
Rite Aid Corp.
9.250%, 03/15/2020		1,300,000		1,467,375
Simmons Foods, Inc.
10.500%, 11/01/2017 (S)		955,000		949,031

				7,346,269
Energy - 3.7%
Arch Coal, Inc.
7.000%, 06/15/2019		170,000		153,425
7.250%, 06/15/2021		1,420,000		1,274,450
Bill Barrett Corp.
7.000%, 10/15/2022		1,020,000		1,068,450
Calfrac Holdings LP
7.500%, 12/01/2020 (S)		900,000		903,375
Carrizo Oil & Gas, Inc.
7.500%, 09/15/2020		425,000		453,688
Energy Future Intermediate Holding
Company LLC
11.250%, 12/01/2018 (S)		8,000		7,740
EP Energy LLC
7.750%, 09/01/2022		690,000		762,450
9.375%, 05/01/2020		2,432,000		2,808,960
EPL Oil & Gas, Inc.
8.250%, 02/15/2018		385,000		409,063
Exterran Partners LP
6.000%, 04/01/2021 (S)		630,000		627,638
Forbes Energy Services, Ltd.
9.000%, 06/15/2019		450,000		436,500
Forest Oil Corp.
7.500%, 09/15/2020 (S)		155,000		163,525
Halcon Resources Corp.
8.875%, 05/15/2021 (S)		580,000		624,950
Inkia Energy, Ltd.
8.375%, 04/04/2021 (S)		1,575,000		1,778,963
Linn Energy LLC
6.250%, 11/01/2019 (S)		530,000		541,925
MarkWest Energy Partners LP
6.500%, 08/15/2021		322,000		347,760
Niska Gas Storage US LLC
8.875%, 03/15/2018		560,000		583,800
Pertamina Persero PT
5.250%, 05/23/2021 (S)		565,000		604,550
6.500%, 05/27/2041 (S)		400,000		433,000
PHI, Inc.
8.625%, 10/15/2018		725,000		788,438


Strategic Income Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Energy (continued)
RDS Ultra-Deepwater, Ltd.
11.875%, 03/15/2017 (S)	$	340,000	$	378,250
Regency Energy Partners LP
9.375%, 06/01/2016		390,000		413,400
Sabine Pass Liquefaction LLC
5.625%, 02/01/2021 (S)		320,000		332,000
Samson Investment Company
9.750%, 02/15/2020 (S)		995,000		1,057,188
SandRidge Energy, Inc.
7.500%, 02/15/2023		845,000		876,688
Trinidad Drilling, Ltd.
7.875%, 01/15/2019 (S)		435,000		471,975

				18,302,151
Financials - 16.3%
Affinion Group Holdings, Inc.
11.625%, 11/15/2015		790,000		501,650
American International Group, Inc.
(8.175% to 05/15/2038, then 3 month
LIBOR + 4.195%)
05/15/2058		2,165,000		2,914,631
Banco Continental SA (7.375% to
10/07/2020, then 3 month
LIBOR + 6.802%)
10/07/2040 (S)		505,000		556,913
Banco Safra SA
10.250%, 08/08/2016 (S)	BRL	752,000		389,816
Banco Santander Brasil SA
8.000%, 03/18/2016 (S)		920,000		459,374
Bancolombia SA
5.950%, 06/03/2021	$	850,000		956,250
BBVA Bancomer SA
6.500%, 03/10/2021 (S)		285,000		323,475
Capital One Financial Corp.
6.150%, 09/01/2016		550,000		632,328
CapitaMalls Asia Treasury, Ltd.
3.950%, 08/24/2017	SGD	3,250,000		2,736,461
Citigroup, Inc.
6.250%, 06/29/2017	NZD	1,245,000		1,101,778
Citigroup, Inc. (5.900% to 02/15/2023,
then 3 month LIBOR + 4.230%)
02/15/2023 (Q)	$	570,000		592,490
Citigroup, Inc. (5.950% to 01/30/2023,
then 3 month LIBOR + 4.069%)
01/30/2023 (Q)		1,605,000		1,665,188
Corporacion Andina de Fomento
3.750%, 01/15/2016		250,000		264,459
Corrections Corp. of America
4.125%, 04/01/2020 (S)		963,000		981,056
Council of Europe Development Bank
5.250%, 05/27/2013	AUD	1,680,000		1,753,590
Country Garden Holdings Company, Ltd.
11.125%, 02/23/2018 (S)	$	330,000		379,500
E*TRADE Financial Corp.
6.000%, 11/15/2017		560,000		585,900
6.750%, 06/01/2016		530,000		571,075
EUROFIMA
6.000%, 01/28/2014	AUD	1,395,000		1,482,856
European Investment Bank
4.250%, 02/04/2015	NOK	6,400,000		1,141,666
5.375%, 05/20/2014	AUD	3,030,000		3,229,515
First Tennessee Bank NA
5.050%, 01/15/2015	$	618,000		647,551

334

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Income Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
General Electric Capital
Australia Funding Pty, Ltd.
6.000%, 05/15/2013	AUD	580,000	$	605,597
7.000%, 10/08/2015		2,800,000		3,133,122
General Electric Capital Corp.
4.250%, 01/17/2018	NZD	715,000		591,468
4.875%, 04/05/2016	SEK	10,000,000		1,643,698
General Electric Capital Corp. (7.125%
until 06/15/2022, then 3 month
LIBOR + 5.296%)
06/15/2022 (Q)	$	1,600,000		1,862,322
General Electric Capital Corp., Series A
7.625%, 12/10/2014	NZD	4,415,000		3,930,151
Glen Meadow Pass-Through Trust
(6.505% to 02/15/2017, then 3 month
LIBOR + 2.125%)
02/12/2067 (S)	$	1,885,000		1,800,175
Hongkong Land Treasury Services
(Singapore) Pte, Ltd.
3.860%, 12/29/2017	SGD	250,000		211,995
Host Hotels & Resorts LP
5.250%, 03/15/2022	$	620,000		688,200
Inter-American Development Bank
4.750%, 01/10/2014	INR	55,850,000		1,013,829
Intercorp Retail Trust
8.875%, 11/14/2018 (S)	$	515,000		586,456
International Bank for Reconstruction &
Development
4.500%, 08/16/2016	NZD	1,455,000		1,260,645
iPayment, Inc.
10.250%, 05/15/2018	$	200,000		185,000
Jefferies Group LLC
6.500%, 01/20/2043		550,000		587,174
Kreditanstalt fuer Wiederaufbau
4.000%, 12/15/2014	NOK	10,010,000		1,774,987
5.750%, 05/13/2015	AUD	4,775,000		5,226,521
Merrill Lynch & Company, Inc.
1.040%, 09/15/2026 (P)	$	3,615,000		3,036,296
MetLife, Inc.
6.400%, 12/15/2036		755,000		826,930
Moody’s Corp.
4.500%, 09/01/2022		140,000		144,377
National Australia Bank, Ltd.
6.000%, 02/15/2017	AUD	775,000		861,058
Nationstar Mortgage LLC
7.875%, 10/01/2020 (S)	$	270,000		298,350
9.625%, 05/01/2019 (S)		1,039,000		1,189,655
Prudential Financial, Inc. (5.875% to
09/15/2022, then 3 month
LIBOR + 4.175%)
09/15/2042		645,000		686,925
Realogy Corp.
7.625%, 01/15/2020 (S)		95,000		107,113
Regions Bank
6.450%, 06/26/2037		250,000		270,625
Regions Financial Corp.
7.375%, 12/10/2037		385,000		431,200
Royal Bank of Scotland Group PLC
6.125%, 12/15/2022		3,155,000		3,265,356
SLM Corp.
5.500%, 01/25/2023		2,410,000		2,393,540
SPL Logistics Escrow LLC
8.875%, 08/01/2020 (S)		350,000		371,875


Strategic Income Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
Standard Chartered Bank
2.220%, 07/05/2013	SGD	1,750,000	$	1,412,224
Symetra Financial Corp. (8.300% to
10/15/2017, then 3 month
LIBOR + 4.177%)
10/15/2037 (S)	$	990,000		1,046,925
Synovus Financial Corp.
5.125%, 06/15/2017		1,570,000		1,573,925
7.875%, 02/15/2019		725,000		822,875
Temasek Financial I, Ltd.
3.265%, 02/19/2020	SGD	1,250,000		1,114,351
The Allstate Corp.
6.125%, 05/15/2037 (P)	$	2,405,000		2,567,338
The Royal Bank of Scotland Group PLC
(7.648% to 09/30/2031, then 3 month
LIBOR + 2.500%)
09/30/2031 (Q)		1,410,000		1,466,400
The Royal Bank of Scotland PLC
1.918%, 03/31/2014 (P)	SGD	2,500,000		2,006,917
United Community Banks, Inc.
7.500%, 09/30/2015 (S)	$	425,000		420,750
Wells Fargo & Company
2.625%, 12/15/2016		945,000		993,198
Westpac Banking Corp.
7.250%, 02/11/2020	AUD	700,000		839,205
Wilmington Trust Corp.
4.875%, 04/15/2013	$	715,000		715,809
XL Group PLC, Series E (6.500% to
04/15/2017, then 3 month
LIBOR + 2.458%)
04/15/2017 (Q)		1,115,000		1,089,913
Yanlord Land Group, Ltd.
10.625%, 03/29/2018 (S)		450,000		501,750
Zions Bancorporation
6.000%, 09/15/2015		905,000		953,278

				80,377,020
Health Care - 2.0%
AbbVie, Inc.
4.400%, 11/06/2042 (S)		615,000		621,197
Alere, Inc.
8.625%, 10/01/2018		735,000		780,938
Catalent Pharma Solutions, Inc.
7.875%, 10/15/2018 (S)		315,000		319,331
9.500%, 04/15/2015		160,836		160,032
Community Health Systems, Inc.
7.125%, 07/15/2020		315,000		341,775
Endo Health Solutions, Inc.
7.250%, 01/15/2022		530,000		569,750
ExamWorks Group, Inc.
9.000%, 07/15/2019		1,195,000		1,296,575
Grifols, Inc.
8.250%, 02/01/2018		325,000		357,500
HCA Holdings, Inc.
6.250%, 02/15/2021		1,897,000		2,022,676
HCA, Inc.
7.500%, 02/15/2022		1,165,000		1,339,750
8.000%, 10/01/2018		280,000		327,600
National Mentor Holdings, Inc.
12.500%, 02/15/2018 (S)		705,000		761,400
Valeant Pharmaceuticals International, Inc.
7.000%, 10/01/2020 (S)		580,000		624,950

335

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Income Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Health Care (continued)
Vanguard Health Holding
Company II LLC
7.750%, 02/01/2019	$	458,000	$	490,060

				10,013,534
Industrials - 3.3%
Aircastle, Ltd.
6.750%, 04/15/2017		90,000		99,000
7.625%, 04/15/2020		90,000		104,175
Avis Budget Car Rental LLC
9.625%, 03/15/2018		325,000		366,847
Bombardier, Inc.
7.750%, 03/15/2020 (S)		1,135,000		1,305,250
Covanta Holding Corp.
7.250%, 12/01/2020		1,010,000		1,112,716
Delta Air Lines 2007-1 Class A Pass
Through Trust
6.821%, 08/10/2022		1,228,209		1,390,947
Empresas ICA SAB de CV
8.375%, 07/24/2017 (S)		315,000		337,050
Georgian Railway JSC
7.750%, 07/11/2022 (S)		115,000		131,388
Kratos Defense & Security Solutions, Inc.
10.000%, 06/01/2017		1,130,000		1,243,000
Navios Maritime Holdings, Inc.
8.125%, 02/15/2019		375,000		339,375
Navios South American Logistics, Inc.
9.250%, 04/15/2019		240,000		258,000
Nortek, Inc.
10.000%, 12/01/2018		915,000		1,024,800
Odebrecht Finance, Ltd.
7.125%, 06/26/2042 (S)		590,000		668,175
7.500%, 09/14/2015 (P)(Q)(S)		1,195,000		1,272,675
Smiths Group PLC
7.200%, 05/15/2019 (S)		290,000		355,862
TAM Capital 3, Inc.
8.375%, 06/03/2021 (S)		775,000		862,188
Tenedora Nemak SA de CV
5.500%, 02/28/2023 (S)		410,000		415,125
Thermadyne Holdings Corp.
9.000%, 12/15/2017		435,000		474,150
Tutor Perini Corp.
7.625%, 11/01/2018		1,100,000		1,155,000
UAL 2009-1 Pass Through Trust
10.400%, 11/01/2016		664,373		764,029
UAL 2009-2A Pass Through Trust
9.750%, 01/15/2017		300,701		348,813
US Airways 2012-1 Class A Pass
Through Trust
5.900%, 10/01/2024		300,000		335,250
US Airways 2012-1 Class B Pass
Through Trust
8.000%, 10/01/2019		900,000		992,250
WPE International Cooperatief UA
10.375%, 09/30/2020 (S)		1,220,000		1,134,600

				16,490,665
Information Technology - 0.8%
Brightstar Corp.
9.500%, 12/01/2016 (S)		1,155,000		1,235,850
Equinix, Inc.
8.125%, 03/01/2018		730,000		806,650
First Data Corp.
8.875%, 08/15/2020 (S)		110,000		122,925


Strategic Income Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Information Technology (continued)
Hughes Satellite Systems Corp.
7.625%, 06/15/2021	$	110,000	$	125,813
j2 Global, Inc.
8.000%, 08/01/2020		260,000		276,900
Seagate HDD Cayman
7.000%, 11/01/2021		860,000		933,100
Zayo Group LLC
8.125%, 01/01/2020		365,000		408,800

				3,910,038
Materials - 4.1%
APERAM
7.750%, 04/01/2018 (S)		430,000		427,850
ArcelorMittal
7.250%, 03/01/2041		1,145,000		1,140,765
Ardagh Packaging Finance PLC
7.375%, 10/15/2017 (S)		775,000		847,656
Cascades, Inc.
7.875%, 01/15/2020		25,000		26,875
Cemex Finance LLC
9.375%, 10/12/2022 (S)		375,000		435,938
CSN Islands XII Corp.
7.000%, 09/23/2015 (Q)(S)		820,000		832,300
Essar Steel Algoma, Inc.
9.375%, 03/15/2015 (S)		710,000		681,600
FMG Resources August 2006 Pty, Ltd.
6.875%, 04/01/2022 (S)		1,715,000		1,796,463
Hexion US Finance Corp.
8.875%, 02/01/2018		1,975,000		2,044,125
HudBay Minerals, Inc.
9.500%, 10/01/2020		1,255,000		1,371,088
Inmet Mining Corp.
7.500%, 06/01/2021 (S)		645,000		696,600
8.750%, 06/01/2020 (S)		955,000		1,055,275
Mercer International, Inc.
9.500%, 12/01/2017		610,000		666,425
Metinvest BV
8.750%, 02/14/2018 (S)		950,000		971,850
New Gold, Inc.
6.250%, 11/15/2022 (S)		370,000		387,575
Owens-Brockway Glass Container, Inc.
7.375%, 05/15/2016		435,000		500,250
PetroLogistics LP
6.250%, 04/01/2020 (S)		175,000		177,188
Resolute Forest Products
10.250%, 10/15/2018		755,000		866,363
Sappi Papier Holding GmbH
7.500%, 06/15/2032 (S)		1,110,000		971,250
7.750%, 07/15/2017 (S)		235,000		259,675
Sealed Air Corp.
6.500%, 12/01/2020 (S)		250,000		273,750
SunCoke Energy, Inc.
7.625%, 08/01/2019		820,000		881,500
Thompson Creek Metals Company, Inc.
7.375%, 06/01/2018		475,000		389,500
TPC Group, Inc.
8.750%, 12/15/2020 (S)		1,100,000		1,146,750
Vale Overseas, Ltd.
4.625%, 09/15/2020		310,000		328,517
Votorantim Cimentos SA
7.250%, 04/05/2041 (S)		1,115,000		1,206,988

				20,384,116

336

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Income Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Telecommunication Services - 2.9%
American Tower Corp.
7.000%, 10/15/2017	$	529,000	$	629,296
Crown Castle Towers LLC
4.883%, 08/15/2020 (S)		714,000		822,502
Data & Audio Visual Enterprises
Wireless, Inc.
9.500%, 04/29/2018	CAD	476,000		445,144
Digicel Group, Ltd.
8.250%, 09/30/2020 (S)	$	460,000		487,600
10.500%, 04/15/2018 (S)		278,000		309,275
Digicel, Ltd.
6.000%, 04/15/2021 (S)		1,720,000		1,711,400
7.000%, 02/15/2020 (S)		525,000		548,625
Frontier Communications Corp.
7.125%, 01/15/2023		1,330,000		1,346,625
9.250%, 07/01/2021		150,000		172,125
GTP Acquisition Partners I LLC
7.628%, 06/15/2016 (S)		890,000		989,094
Intelsat Jackson Holdings SA
6.625%, 12/15/2022 (S)		1,585,000		1,678,119
MetroPCS Wireless, Inc.
6.250%, 04/01/2021 (S)		718,000		730,565
6.625%, 04/01/2023 (S)		445,000		453,900
Oi SA
9.750%, 09/15/2016 (S)	BRL	811,000		416,386
Satelites Mexicanos SA de CV
9.500%, 05/15/2017	$	630,000		667,800
SBA Telecommunications, Inc.
5.750%, 07/15/2020 (S)		505,000		525,200
SBA Tower Trust
5.101%, 04/17/2017 (S)		616,000		693,015
SingTel Group Treasury Pte, Ltd.
3.488%, 04/08/2020	SGD	1,000,000		877,183
Sprint Nextel Corp.
9.000%, 11/15/2018 (S)	$	170,000		210,163
Wind Acquisition Finance SA
7.250%, 02/15/2018 (S)		380,000		395,675

				14,109,692
Utilities - 0.7%
Cia de Saneamento Basico do Estado de
Sao Paulo
6.250%, 12/16/2020 (S)		555,000		604,118
Dubai Electricity & Water Authority
7.375%, 10/21/2020 (S)		1,070,000		1,300,050
GenOn Energy, Inc.
7.875%, 06/15/2017		129,000		143,835
NRG Energy, Inc.
6.625%, 03/15/2023 (S)		1,065,000		1,128,900
Texas Competitive Electric Holdings
Company LLC, Series A
10.250%, 11/01/2015		2,100,000		204,750

				3,381,653

TOTAL CORPORATE BONDS (Cost $204,135,962)			$	216,573,932


CAPITAL PREFERRED SECURITIES - 2.9%
Financials - 2.9%
BAC Capital Trust XIV, Series G
4.000%, 05/08/2013 (P)(Q)		1,400,000		1,225,000
Cullen/Frost Capital Trust II
1.837%, 03/01/2034 (P)		826,000		709,852


Strategic Income Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value


CAPITAL PREFERRED SECURITIES (continued)
Financials (continued)
Fifth Third Capital Trust IV (6.500% to
04/15/2017 then 3 month
LIBOR + 1.368%)
04/15/2037	$	3,466,000	$	3,474,665
First Midwest Capital Trust I, Series B
6.950%, 12/01/2033		849,000		870,225
First Tennessee Capital II
6.300%, 04/15/2034		593,000		587,070
HSBC Finance Capital Trust IX (5.911%
to 11/30/2015, then 3 month
LIBOR + 1.926%)
11/30/2035		1,435,000		1,445,763
JPMorgan Chase Capital XXIII
1.290%, 05/15/2047 (P)		1,990,000		1,567,125
M&T Capital Trust III
9.250%, 02/01/2027		95,000		96,418
PNC Financial Services Group, Inc.
(6.750% to 08/01/2021, then 3 month
LIBOR + 3.678%)
08/01/2021 (Q)		1,190,000		1,363,776
Regions Financing Trust II (6.625% to
05/15/2027, then 3 month
LIBOR + 1.290%)
05/15/2047		1,630,000		1,632,038
USB Capital IX
3.500%, 05/23/2013 (P)(Q)		1,401,000		1,299,568

				14,271,500

TOTAL CAPITAL PREFERRED
SECURITIES (Cost $13,415,014)			$	14,271,500


CONVERTIBLE BONDS - 1.7%
Consumer Discretionary - 0.6%
Ford Motor Company
4.250%, 11/15/2016		1,075,000		1,722,688
XM Satellite Radio, Inc.
7.000%, 12/01/2014 (S)		699,000		1,237,230

				2,959,918
Financials - 0.6%
Ares Capital Corp.
5.750%, 02/01/2016 (S)		1,130,000		1,226,050
Dundee International
5.500%, 07/31/2018	CAD	215,000		218,206
MGIC Investment Corp.
2.000%, 04/01/2020	$	950,000		965,438
Redwood Trust, Inc.
4.625%, 04/15/2018		115,000		126,644
Transglobe Apartment
5.400%, 09/30/2018 (S)	CAD	275,000		293,720

				2,830,058
Health Care - 0.2%
Teleflex, Inc.
3.875%, 08/01/2017	$	95,000		137,453
WellPoint, Inc.
2.750%, 10/15/2042 (S)		684,000		747,270

				884,723
Industrials - 0.3%
United Continental Holdings, Inc.
4.500%, 06/30/2021		1,210,000		1,255,436

337

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Income Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value


CONVERTIBLE BONDS (continued)
Information Technology - 0.0%
Electronic Arts, Inc.
0.750%, 07/15/2016	$	250,000	$	242,188

TOTAL CONVERTIBLE BONDS (Cost $7,659,178)			$	8,172,323


MUNICIPAL BONDS - 0.0%
City of Long Beach (California)
7.282%, 11/01/2030		170,000		176,217

TOTAL MUNICIPAL BONDS (Cost $171,700)			$	176,217


TERM LOANS (M) - 7.7%
Consumer Discretionary - 1.9%
Ameristar Casinos, Inc.
4.000%, 04/16/2018		439,804		442,759
Burlington Coat Factory Warehouse Corp.
5.500%, 02/23/2017		398,616		403,162
Caesars Entertainment Operating
Company, Inc.
4.454%, 01/26/2018		1,477,019		1,348,887
Calceus Acquisition, Inc.
5.750%, 01/31/2020		395,000		400,431
CCM Merger, Inc.
6.000%, 03/01/2017		246,248		248,095
Clear Channel Communications, Inc.
3.854%, 01/29/2016		1,951,072		1,727,309
Las Vegas Sands LLC
2.710%, 11/23/2016		544,738		545,419
Mood Media Corp.
7.000%, 05/07/2018		259,657		259,463
PRIMEDIA, Inc.
7.500%, 01/12/2018		1,621,125		1,613,019
The Neiman Marcus Group, Inc.
4.000%, 05/16/2018		100,000		100,188
Univision Communications, Inc.
4.454%, 03/31/2017		712,411		715,635
4.750%, 02/21/2020		545,000		547,998
Virgin Media, Inc.,
TBD 02/17/2020 (T)		975,000		969,429

				9,321,794
Consumer Staples - 0.8%
Del Monte Corp.
4.000%, 03/08/2018		969,513		970,717
Huish Detergents, Inc.
5.500%, 03/18/2020		1,897,000		1,912,413
Revlon Consumer Products Corp.
4.000%, 11/19/2017		345,938		350,982
Rite Aid Corp.,
TBD 08/21/2020 (T)		140,000		144,900
SUPERVALU, Inc.,
TBD 03/21/2019 (T)		585,000		594,506

				3,973,518
Energy - 0.4%
Arch Coal, Inc.
5.750%, 05/16/2018		1,142,124		1,159,256
Offshore Group Investment, Ltd.
6.250%, 10/26/2017		999,375		1,005,264

				2,164,520
Financials - 1.2%
iStar Financial, Inc.
4.500%, 09/28/2017		1,799,671		1,809,420
Ocwen Financial Corp.
5.000%, 02/15/2018		790,000		801,850


Strategic Income Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value


TERM LOANS (M) (continued)
Financials (continued)
Realogy Corp.
3.228%, 10/10/2013	$	46,536	$	46,536
Springleaf Finance Funding Company,
TBD 05/10/2017 (T)		760,000		764,275
Walter Investment Management Corp.
5.750%, 11/28/2017		2,295,960		2,332,122

				5,754,203
Health Care - 1.3%
Aptalis Pharma, Inc.
5.500%, 02/10/2017		440,494		443,797
Capsugel Holdings US, Inc.
4.750%, 08/01/2018		393,816		399,887
Catalent Pharma Solutions, Inc.
3.704%, 09/15/2016		1,507,948		1,516,431
4.250%, 09/15/2017		1,653,467		1,660,701
MModal, Inc.
6.750%, 08/15/2019		432,849		415,535
National Mentor Holdings, Inc.
6.500%, 02/09/2017		1,028,508		1,038,793
Patheon, Inc.
7.250%, 12/06/2018		254,363		258,178
Warner Chilcott Company LLC
4.250%, 03/15/2018		533,846		540,520

				6,273,842
Industrials - 0.1%
Swift Transportation Company LLC
4.000%, 12/21/2017		273,387		276,975
Travelport LLC
5.056%, 08/21/2015		397,940		395,702

				672,677
Information Technology - 0.4%
Aspect Software, Inc.
7.000%, 05/06/2016		215,000		217,150
Emdeon, Inc.
5.000%, 11/02/2018		430,650		435,944
First Data Corp.
4.204%, 03/23/2018		593,821		591,742
5.204%, 03/24/2017		440,048		442,455
5.204%, 09/24/2018		165,000		166,100

				1,853,391
Materials - 0.9%
Apex Tool Group LLC
4.500%, 01/28/2020		985,000		998,192
Berry Plastics Group, Inc.
3.500%, 02/04/2020		985,000		982,361
Consolidated Container Company LLC
5.000%, 07/03/2019		393,025		397,545
Fortescue Metals Group
Finance PTY, Ltd.
5.250%, 10/18/2017		830,825		839,726
US Coatings Acquisition, Inc.
4.750%, 02/03/2020		1,300,000		1,316,398

				4,534,222
Telecommunication Services - 0.7%
Crown Castle Operating Company,
TBD 01/31/2019 (T)		1,190,000		1,203,090
Intelsat Jackson Holdings SA
3.205%, 02/03/2014		700,000		699,344
NTELOS, Inc.
5.750%, 11/08/2019		920,375		901,201

338

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Income Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value


TERM LOANS (M) (continued)
Telecommunication Services (continued)
UniTek Global Services, Inc.
9.000%, 04/16/2018	$	632,100	$	625,779

				3,429,414

TOTAL TERM LOANS (Cost $37,853,201)			$	37,977,581


COLLATERALIZED MORTGAGE
OBLIGATIONS - 4.7%
Commercial & Residential - 4.2%
Adjustable Rate Mortgage Trust,
Series 2004-5, Class 2A1
2.911%, 04/25/2035 (P)		650,830		649,646
American Home Mortgage Assets LLC,
Series 2006-6, Class XP IO
2.062%, 12/25/2046		10,879,980		932,805
Bear Stearns Adjustable Rate
Mortgage Trust, Series 2004-10,
Class 12A3 2.947%, 01/25/2035 (P)		642,579		623,226
Bear Stearns Alt-A Trust
Series 2005-7, Class 11A1,
0.474%, 08/25/2035 (P)		363,361		338,431
Series 2004-8, Class 1A,
0.904%, 09/25/2034 (P)		126,651		123,946
Series 2004-12, Class 1A1,
0.904%, 01/25/2035 (P)		389,249		373,069
Series 2004-13, Class A1,
0.944%, 11/25/2034 (P)		911,729		898,364
Chase Mortgage Finance Corp.,
Series 2007-A1, Class 2A1
2.989%, 02/25/2037 (P)		334,403		340,290
Countrywide Alternative Loan Trust,
Series 2006-OA12, Class X IO
2.701%, 09/20/2046		8,312,899		683,289
DSLA Mortgage Loan Trust
Series 2004-AR1 Class X2 IO,
2.127%, 09/19/2044		4,189,198		228,215
Series 2005-AR2, Class X2 IO,
2.855%, 03/19/2045		8,031,608		486,019
Greenwich Capital Commercial
Funding Corp., Series 2006-GG7,
Class AM 5.866%, 07/10/2038 (P)		90,000		100,719
GS Mortgage Securities Corp. II,
Series 2013, Class KYO
3.802%, 11/08/2029 (P)(S)		970,000		974,118
GSR Mortgage Loan Trust,
Series 2005-AR6, Class 3A1
2.653%, 09/25/2035 (P)		886,178		870,204
Harborview Mortgage Loan Trust
Series 2007-6, Class ES IO,
0.342%, 08/19/2037 (S)		11,323,494		80,397
Series 2007-3, Class ES IO,
0.350%, 05/19/2047		13,662,641		97,005
Series 2007-4, Class ES IO,
0.350%, 07/19/2047		15,791,027		112,116
Series 2005-8, Class 1X IO,
2.252%, 09/19/2035		6,630,496		534,771
Series 2005-2, Class IX IO,
2.308%, 05/19/2035		2,997,523		209,968
IndyMac Index Mortgage Loan Trust
Series 2005-AR18, Class 2X IO,
1.675%, 10/25/2036		21,496,119		1,128,331
Series 2005-AR18, Class 1X IO,
2.029%, 10/25/2036		21,655,411		1,541,649


Strategic Income Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial & Residential (continued)
JPMorgan Chase Commercial
Mortgage Securities Corp.
Series 2007-CB18, Class A4,
5.440%, 06/12/2047	$	640,000	$	726,099
Series 2006-LDP7, Class AM,
5.871%, 04/15/2045 (P)		190,000		215,183
Merrill Lynch Mortgage Investors Trust
Series 2005-A2, Class A2,
2.528%, 02/25/2035 (P)		327,405		332,086
Series 2006-3, Class 2A1,
2.600%, 10/25/2036 (P)		320,518		312,142
Merrill Lynch Mortgage Trust,
Series 2005-LC1, Class AM
5.312%, 01/12/2044 (P)		885,000		976,005
Merrill Lynch/Countrywide Commercial
Mortgage Trust, Series 2006-3,
Class A4 5.414%, 07/12/2046 (P)		628,000		710,178
Morgan Stanley Mortgage Loan Trust
Series 2004-8AR, Class 4A1,
2.660%, 10/25/2034 (P)		547,942		531,389
Series 2004-9, Class 1A,
5.799%, 11/25/2034 (P)		398,072		388,290
Opteum Mortgage Acceptance Corp.,
Series 2005-4, Class 1APT
0.514%, 11/25/2035 (P)		548,271		508,757
Structured Asset Securities Corp.,
Series 2003-7A, Class 3A6
2.744%, 12/25/2033 (P)		547,182		547,495
WaMu Mortgage Pass
Through Certificates
Series 2005-AR19, Class A1A2,
0.494%, 12/25/2045 (P)		771,172		710,622
Series 2005-AR8, Class 2AB3,
0.564%, 07/25/2045 (P)		685,875		633,100
Series 2005-AR13, Class X IO,
1.468%, 10/25/2045		31,178,994		1,743,620
Series 2005-AR2, Class X IO,
1.620%, 01/25/2045		5,998,288		352,846
Wells Fargo Mortgage Backed
Securities Trust, Series 2004-Z,
Class 2A1 2.624%, 12/25/2034 (P)		620,536		629,287
U.S. Government Agency - 0.5%
Federal Home Loan Mortgage Corp.
Series K705, Class X1 IO,
1.760%, 09/25/2018		3,817,461		319,544
Series 292, Class IO,
3.500%, 11/15/2027		1,446,529		237,361
Series 291, Class IO,
3.500%, 11/15/2032		1,997,485		379,118
Series 4077, Class IK IO,
5.000%, 07/15/2042		1,899,375		536,845
Federal National Mortgage Association
Series 2012-118, Class AI IO,
3.500%, 11/25/2037		1,948,333		352,387
Series 402, Class 4 IO,
4.000%, 10/25/2039		499,874		54,973
Series 402, Class 3 IO,
4.000%, 11/25/2039		487,545		52,319
Series 406, Class 3 IO,
4.000%, 01/25/2041		470,109		57,463
Series 398, Class C3 IO,
4.500%, 05/25/2039		259,948		23,108

339

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (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 402, Class 7 IO,
4.500%, 11/25/2039	$	588,813	$	69,227
Series 407, Class 4 IO,
4.500%, 03/25/2041		883,748		122,361
Series 407, Class 7 IO,
5.000%, 03/25/2041		2,068,975		305,698
Series 407, Class 8 IO,
5.000%, 03/25/2041		1,013,263		148,242

				2,658,646

TOTAL COLLATERALIZED MORTGAGE
OBLIGATIONS (Cost $16,712,830)			$	23,302,323


ASSET BACKED SECURITIES - 1.1%
CKE Restaurant Holdings, Inc.,
Series 2013-1A, Class A2
4.474%, 03/20/2043 (S)		2,870,000		2,870,032
Dominos Pizza Master Issuer LLC,
Series 2012-1A, Class A2
5.216%, 01/25/2042 (S)		1,881,350		2,112,557
Home Equity Asset Trust, Series 2003-1,
Class M1 1.704%, 06/25/2033 (P)		303,472		295,722

TOTAL ASSET BACKED SECURITIES (Cost $5,065,682)			$	5,278,311


COMMON STOCKS - 1.8%
Consumer Discretionary - 0.6%
Charter Communications, Inc., Class A (I)		26,089	$	2,717,952
Greektown Superholdings, Inc. (I)		269		24,210
Lear Corp.		961		52,730
Vertis Holdings, Inc. (I)		8,371		0

				2,794,892
Financials - 0.3%
Apollo Investment Corp.		2,146		17,941
Dundee International		11,025		115,476
Plum Creek Timber Company, Inc.		16,069		838,802
Weyerhaeuser Company		22,945		720,014

				1,692,233
Utilities - 0.9%
Consolidated Edison, Inc.		18,634		1,137,233
Entergy Corp.		16,465		1,041,247
FirstEnergy Corp.		24,538		1,035,504
Xcel Energy, Inc.		43,256		1,284,703

				4,498,687

TOTAL COMMON STOCKS (Cost $6,339,192)			$	8,985,812


PREFERRED SECURITIES - 6.2%
Consumer Discretionary - 0.3%
General Motors Company,
Series B, 4.750%		24,832		1,066,286
Greektown
Superholdings, Inc., Series A (I)		5,366		482,940

				1,549,226
Financials - 4.7%
Bank of America Corp. (8.000% to
01/30/2018, then
3 month LIBOR + 3.630%)		400,000		450,426
Discover Financial Services, 6.500%		29,850		771,324


Strategic Income Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value


PREFERRED SECURITIES (continued)
Financials (continued)
FelCor Lodging Trust, Inc.,
Series A, 1.950%		30,070	$	746,638
First Tennessee Bank NA, 3.750% (S)		2,005		1,486,833
Hartford Financial Services
Group, Inc., 7.875%		50,575		1,522,308
Health Care REIT, Inc., 6.500%		12,750		791,903
HSBC USA, Inc., 6.500%		10,000		254,500
Huntington Bancshares, Inc., 8.500%		1,305		1,679,535
M&T Bank Corp., 5.000%		1,540		1,538,460
MetLife, Inc., 5.000%		36,643		1,810,164
Regions Financial Corp., 6.375%		49,955		1,275,351
Reinsurance Group of
America, Inc., 6.200%		34,301		934,016
SunTrust Banks, Inc., 4.000%		42,525		1,037,610
U.S. Bancorp (6.500% to 01/15/2022, then
3 month LIBOR + 4.468%)		64,350		1,921,491
United Community Banks, Inc., Series B
(5.000% to 02/01/14, then
9.000% thereafter)		325		326,625
Webster Financial Corp., 6.400%		25,775		654,427
Wells Fargo & Company,
Series L, 7.500%		2,205		2,841,694
Wintrust Financial Corp., 5.000%		135		141,168
Zions Bancorporation, 6.300%		38,220		1,022,385
Zions Bancorporation, 7.900%		43,550		1,236,385
Zions Bancorporation, Series C, 9.500%		32,032		828,027

				23,271,270
Industrials - 0.3%
Continental Airlines
Finance Trust II, 6.000%		5,800		270,425
United Technologies Corp., 7.500%		21,150		1,265,828

				1,536,253
Materials - 0.0%
ArcelorMittal, 6.000%		7,825		163,934
Utilities - 0.9%
Nextera Energy, Inc., 5.889%		27,190		1,483,215
PPL Corp., 8.750%		50,715		2,827,361

				4,310,576

TOTAL PREFERRED SECURITIES (Cost $29,296,947)			$	30,831,259


INVESTMENT COMPANIES - 0.1%
FII BTG Pactual Corporate Office Fund		9,215	$	684,484

TOTAL INVESTMENT COMPANIES (Cost $683,189)			$	684,484


ESCROW CERTIFICATES - 0.0%
Consumer Discretionary - 0.0%
Lear Corp., Series B
8.750%, 12/01/2016 (I)	1,415,000			14,150

TOTAL ESCROW CERTIFICATES (Cost $76)			$	14,150


PURCHASED OPTIONS - 0.1%
Call Options - 0.0%
Over the Counter Purchase Call on the
USD vs. CAD (Expiration Date:
09/25/2013; Strike Price: $1.06) (I)	20,960,000			140,306
Put Options - 0.1%
Over the Counter Purchase Put on the
GBP vs. USD (Expiration Date:
03/06/2014; Strike Price: $1.40) (I)	10,620,000			142,276

340

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Strategic Income Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value


PURCHASED OPTIONS (continued)
Put Options (continued)
Over the Counter Purchase Put on the
GBP vs. USD (Expiration Date:
09/05/2013; Strike Price: $1.45) (I)		15,930,000	$	163,915

				306,191

TOTAL PURCHASED OPTIONS (Cost $650,052)			$	446,497


WARRANTS - 0.0%
Lear Corp. (Expiration Date 11/09/2014,
Strike Price: $0.005) (I)		107	$	11,344

TOTAL WARRANTS (Cost $0)			$	11,344


SHORT-TERM INVESTMENTS - 2.8%
Repurchase Agreement - 2.8%
Repurchase Agreement with State
Street Corp. dated 03/28/2013 at
0.010% to be repurchased at
$13,929,703 on 04/01/2013,
collateralized by $13,475,000
U.S. Treasury Notes, 2.375% due
10/31/2014 (valued at $14,061,675,
including interest) and $155,000 Federal
National Mortgage Association, 2.080%
due 11/02/2022 (valued at $153,789,
including interest)	$	13,929,688	$	13,929,688

TOTAL SHORT-TERM INVESTMENTS (Cost $13,929,688)			$	13,929,688

Total Investments (Strategic Income Opportunities Trust)
(Cost $462,721,161) - 100.1%			$	494,549,314
Other assets and liabilities, net - (0.1%)				(685,849)

TOTAL NET ASSETS - 100.0%			$	493,863,465




Total Bond Market Trust B
		Shares or
		Principal
		Amount		Value


U.S. GOVERNMENT & AGENCY
OBLIGATIONS - 70.9%
U.S. Government - 36.3%
U.S. Treasury Bonds
2.750%, 11/15/2042	$	7,210,000	$	6,697,401
3.750%, 08/15/2041		1,100,000		1,246,266
3.875%, 08/15/2040		1,100,000		1,274,797
4.250%, 05/15/2039 to 11/15/2040		4,060,000		4,998,827
4.375%, 02/15/2038 to 05/15/2041		2,305,000		2,895,488
4.500%, 02/15/2036		5,200,000		6,613,750
4.625%, 02/15/2040		1,400,000		1,825,907
4.750%, 02/15/2041		2,000,000		2,660,624
7.500%, 11/15/2016		1,270,000		1,589,088
7.875%, 02/15/2021		3,400,000		5,057,765
8.125%, 08/15/2021		1,400,000		2,137,297
8.750%, 08/15/2020		1,400,000		2,142,437
9.250%, 02/15/2016		5,700,000		7,149,938
11.250%, 02/15/2015		2,010,000		2,422,758
U.S. Treasury Notes
0.125%, 12/31/2014		5,700,000		5,690,202
0.250%, 05/31/2014 to 08/15/2015		29,900,000		29,903,050
0.375%, 04/15/2015		4,800,000		4,810,502
0.625%, 05/31/2017 to 08/31/2017		6,000,000		6,002,811
0.750%, 12/31/2017		5,700,000		5,710,243


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)
0.875%, 04/30/2017	$	5,000,000	$	5,060,940
1.000%, 10/31/2016 to 03/31/2017		4,550,000		4,630,937
1.250%, 04/30/2019		1,000,000		1,014,062
1.500%, 06/30/2016 to 03/31/2019		12,000,000		12,380,000
1.875%, 08/31/2017		2,000,000		2,107,968
2.000%, 04/30/2016 to 02/15/2023		21,200,000		21,707,380
2.125%, 11/30/2014 to 05/31/2015		12,000,000		12,464,503
2.625%, 11/15/2020		5,800,000		6,331,060
2.750%, 02/15/2019		7,000,000		7,721,329
3.000%, 09/30/2016 to 02/28/2017		6,720,000		7,335,651
3.125%, 10/31/2016 to 05/15/2021		2,200,000		2,430,259
3.250%, 06/30/2016		3,650,000		3,984,201
4.250%, 11/15/2017		7,300,000		8,487,389

				196,484,830
U.S. Government Agency - 34.6%
Federal Farm Credit Bank
3.875%, 10/07/2013		300,000		305,836
4.875%, 12/16/2015		2,100,000		2,353,205
Federal Home Loan Bank
3.875%, 06/14/2013		1,320,000		1,330,264
5.375%, 05/18/2016		1,700,000		1,960,486
5.500%, 07/15/2036		190,000		255,206
Federal Home Loan Mortgage Corp.
2.500%, 05/27/2016		1,180,000		1,254,063
3.001%, 08/01/2037 (P)		889,264		944,048
3.070%, 02/01/2037 (P)		428,490		460,760
3.500%, TBA (C)		5,700,000		5,998,805
3.500%, 12/01/2025		3,750,688		3,976,943
4.000%, 02/01/2024 to 12/01/2040		4,765,418		5,064,103
4.500%, 05/01/2024 to 07/01/2041		7,256,781		7,810,798
5.000%, 06/01/2023 to 10/01/2040		2,383,054		2,576,024
5.500%, 08/23/2017 to 01/01/2039		6,911,072		7,704,063
6.000%, 06/01/2022 to 10/01/2038		2,318,336		2,536,114
6.250%, 07/15/2032		450,000		655,112
6.500%, 07/01/2016 to 09/01/2038		1,443,438		1,609,967
6.750%, 09/15/2029		1,200,000		1,782,235
7.000%, 02/01/2016 to 10/01/2038		552,697		648,358
7.500%, 02/01/2016 to 03/01/2032		28,645		33,431
8.000%, 02/01/2030		3,816		4,498
Federal National Mortgage Association
2.220%, 01/01/2035 (P)		1,095,461		1,142,854
2.320%, 05/01/2036 (P)		273,538		290,667
2.420%, 02/01/2039 (P)		1,392,601		1,455,521
2.902%, 04/01/2037 (P)		1,181,677		1,270,672
3.000%, TBA (C)		8,200,000		8,553,751
3.000%, 01/01/2027		3,715,389		3,909,141
3.316%, 04/01/2036 (P)		219,522		231,923
3.500%, 12/01/2025 to 12/01/2040		5,924,151		6,266,634
3.588%, 09/01/2037 (P)		585,275		615,074
4.000%, 08/01/2020 to 05/01/2042		11,516,853		12,288,167
4.257%, 07/01/2034 (P)		691,770		716,725
4.375%, 10/15/2015		7,850,000		8,638,313
4.500%, 06/01/2018 to 02/01/2041		7,103,781		7,649,892
5.000%, 12/01/2018 to 07/01/2039		7,254,059		7,875,000
5.140%, 10/01/2037 (P)		108,061		115,424
5.500%, 08/01/2017 to 11/01/2038		14,513,469		15,899,349
6.000%, 10/01/2013 to 10/01/2038		9,675,806		10,690,705
6.500%, 02/01/2015 to 12/01/2037		2,885,489		3,231,024
7.000%, 12/01/2015 to 10/01/2038		1,040,302		1,194,490
7.125%, 01/15/2030		209,000		320,494
7.250%, 05/15/2030		1,450,000		2,269,360

341

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value


U.S. GOVERNMENT & AGENCY
OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage
Association (continued)
7.500%, 10/01/2015 to 08/01/2031	$	51,311	$	59,879
8.000%, 08/01/2030 to 09/01/2031		15,818		18,856
8.500%, 09/01/2030		2,175		2,601
Government National Mortgage Association
3.000%, TBA (C)		1,000,000		1,045,422
3.500%, TBA (C)		5,500,000		5,916,797
4.000%, TBA (C)		5,500,000		5,994,999
4.000%, 11/15/2026 to 12/20/2040		6,649,968		7,227,379
4.500%, 05/15/2019 to 10/20/2040		6,958,995		7,653,796
5.000%, 05/15/2018 to 07/20/2040		2,542,265		2,815,511
5.500%, 08/15/2023 to 09/20/2039		3,312,585		3,655,550
6.000%, 04/15/2017 to 10/15/2038		3,188,439		3,597,576
6.500%, 01/15/2016 to 12/15/2038		774,890		885,526
7.000%, 08/15/2029 to 05/15/2032		95,770		111,524
7.500%, 08/15/2029 to 01/15/2031		34,337		40,506
8.000%, 04/15/2031		9,276		10,383
8.500%, 09/15/2030		6,213		7,408
9.000%, 01/15/2031		3,688		4,483
Tennessee Valley Authority
3.875%, 02/15/2021		700,000		812,603
4.500%, 04/01/2018		820,000		961,446
6.750%, 11/01/2025		1,295,000		1,863,188
The Financing Corp. 8.600%, 09/26/2019		675,000		974,840

				187,549,772

TOTAL U.S. GOVERNMENT & AGENCY
OBLIGATIONS (Cost $360,254,520)			$	384,034,602


FOREIGN GOVERNMENT
OBLIGATIONS - 2.3%
Brazil - 0.2%
Federative Republic of Brazil
5.875%, 01/15/2019		105,000		126,263
6.000%, 01/17/2017		950,000		1,105,800
7.125%, 01/20/2037		50,000		69,375

				1,301,438
Canada - 0.6%
Export Development Canada
3.500%, 05/16/2013		95,000		95,380
Province of British Columbia
6.500%, 01/15/2026		490,000		680,789
Province of Manitoba
9.625%, 12/01/2018		300,000		419,985
Province of New Brunswick
5.200%, 02/21/2017		380,000		442,136
Province of Nova Scotia
5.125%, 01/26/2017		455,000		527,349
Province of Ontario
4.500%, 02/03/2015		350,000		375,725
Province of Quebec
7.125%, 02/09/2024		150,000		207,440
7.500%, 07/15/2023		410,000		577,847

				3,326,651
Chile - 0.1%
Republic of Chile
3.875%, 08/05/2020		510,000		562,785
Colombia - 0.0%
Republic of Colombia
4.375%, 07/12/2021		150,000		167,775


Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value


FOREIGN GOVERNMENT
OBLIGATIONS (continued)
Israel - 0.2%
Government of Israel
5.125%, 03/26/2019	$	530,000	$	617,773
5.500%, 09/18/2023		455,000		591,622

				1,209,395
Italy - 0.1%
Republic of Italy
6.875%, 09/27/2023		300,000		344,292
Japan - 0.3%
Japan Bank for International Cooperation
2.250%, 07/13/2016		1,250,000		1,314,250
Mexico - 0.3%
Government of Mexico
5.950%, 03/19/2019		415,000		502,150
6.050%, 01/11/2040		930,000		1,150,875

				1,653,025
Panama - 0.1%
Republic of Panama
6.700%, 01/26/2036		370,000		493,025
Peru - 0.1%
Republic of Peru
6.550%, 03/14/2037		250,000		338,750
7.125%, 03/30/2019		120,000		154,020

				492,770
Poland - 0.0%
Republic of Poland
6.375%, 07/15/2019		110,000		135,141
South Africa - 0.2%
Republic of South Africa
5.500%, 03/09/2020		740,000		845,450
Sweden - 0.1%
Svensk Exportkredit AB
3.250%, 09/16/2014		580,000		604,214

TOTAL FOREIGN GOVERNMENT
OBLIGATIONS (Cost $11,216,676)			$	12,450,211


CORPORATE BONDS - 21.7%
Consumer Discretionary - 1.8%
CBS Corp.
4.300%, 02/15/2021		150,000		163,569
8.875%, 05/15/2019		80,000		106,903
Comcast Corp.
5.700%, 07/01/2019		310,000		378,126
6.500%, 01/15/2015 to 11/15/2035		415,000		501,718
COX Communications, Inc.
9.375%, 01/15/2019 (S)		125,000		172,668
DIRECTV Holdings LLC
5.150%, 03/15/2042		50,000		48,399
6.375%, 03/01/2041		360,000		403,596
Discovery Communications LLC
5.625%, 08/15/2019		250,000		296,601
Family Dollar Stores, Inc.
5.000%, 02/01/2021		305,000		328,495
Ford Motor Credit Company LLC
5.000%, 05/15/2018		1,040,000		1,145,987
Grupo Televisa SAB
6.625%, 01/15/2040		220,000		268,355
Harley-Davidson Funding Corp.
5.750%, 12/15/2014 (S)		60,000		64,827

342

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Consumer Discretionary (continued)
Home Depot, Inc.
5.875%, 12/16/2036	$	280,000	$	348,544
Johnson Controls, Inc.
5.700%, 03/01/2041		150,000		173,981
Lowe’s Companies, Inc.
5.800%, 10/15/2036		140,000		167,877
6.100%, 09/15/2017		180,000		216,676
McDonald’s Corp.
3.625%, 05/20/2021		250,000		276,385
5.000%, 02/01/2019		228,000		269,642
NBCUniversal Media LLC
5.150%, 04/30/2020		230,000		272,736
News America, Inc.
6.650%, 11/15/2037		440,000		544,354
O’Reilly Automotive, Inc.
4.875%, 01/14/2021		300,000		332,965
Target Corp.
6.500%, 10/15/2037		350,000		471,934
TCI Communications, Inc.
7.125%, 02/15/2028		110,000		148,980
The Walt Disney Company
5.625%, 09/15/2016		340,000		394,437
Time Warner Cable, Inc.
4.125%, 02/15/2021		60,000		64,436
Time Warner Companies, Inc.
7.250%, 10/15/2017		100,000		124,140
7.570%, 02/01/2024		240,000		322,229
Time Warner Entertainment Company LP
8.375%, 07/15/2033		525,000		726,640
Time Warner, Inc.
7.625%, 04/15/2031		285,000		386,082
Toyota Motor Credit Corp.
3.400%, 09/15/2021		320,000		343,073
Viacom, Inc.
4.250%, 09/15/2015		150,000		161,481
4.500%, 03/01/2021		120,000		132,768
Volkswagen International Finance NV
2.875%, 04/01/2016 (S)		60,000		63,181

				9,821,785
Consumer Staples - 1.9%
Altria Group, Inc.
4.125%, 09/11/2015		150,000		161,847
8.500%, 11/10/2013		80,000		83,818
9.250%, 08/06/2019		160,000		223,136
9.950%, 11/10/2038		50,000		82,480
Anheuser-Busch InBev Worldwide, Inc.
6.875%, 11/15/2019		460,000		596,170
7.750%, 01/15/2019		335,000		440,442
Bottling Group LLC
5.125%, 01/15/2019		105,000		124,123
Brown-Forman Corp.
2.500%, 01/15/2016		300,000		314,255
Bunge, Ltd. Finance Corp.
8.500%, 06/15/2019		160,000		206,344
Campbell Soup Company
4.500%, 02/15/2019		300,000		339,629
ConAgra Foods, Inc.
5.819%, 06/15/2017		62,000		71,966
7.000%, 04/15/2019		150,000		187,822
9.750%, 03/01/2021		175,000		236,270
CVS Caremark Corp.
4.125%, 05/15/2021		60,000		66,841


Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Consumer Staples (continued)
CVS Pass-Through Trust
8.353%, 07/10/2031 (S)	$	93,123	$	126,750
Diageo Capital PLC
4.828%, 07/15/2020		95,000		111,156
Dr Pepper Snapple Group, Inc.
2.900%, 01/15/2016		500,000		527,267
Energizer Holdings, Inc.
4.700%, 05/19/2021		250,000		266,858
General Mills, Inc.
5.650%, 02/15/2019		315,000		379,403
Kellogg Company
4.150%, 11/15/2019		30,000		33,691
Kimberly-Clark Corp.
7.500%, 11/01/2018		250,000		331,942
Kraft Foods Group Inc
6.875%, 01/26/2039		40,000		52,789
Kraft Foods Group, Inc.
6.125%, 08/23/2018		66,000		80,312
Mondelez International, Inc.
6.125%, 02/01/2018		24,000		28,797
6.750%, 02/19/2014		625,000		657,535
PepsiCo, Inc.
4.000%, 03/05/2042		270,000		265,489
5.500%, 01/15/2040		280,000		341,319
Philip Morris International, Inc.
4.125%, 05/17/2021		320,000		357,503
6.875%, 03/17/2014		290,000		308,104
Reynolds American, Inc.
3.250%, 11/01/2022		270,000		267,144
Safeway, Inc.
6.250%, 03/15/2014		165,000		173,062
6.350%, 08/15/2017		135,000		157,618
Tate & Lyle International Finance PLC
5.000%, 11/15/2014 (S)		90,000		94,943
The Clorox Company
5.950%, 10/15/2017		295,000		348,840
The Coca-Cola Company
3.150%, 11/15/2020		60,000		64,852
The Kroger Company
3.900%, 10/01/2015		150,000		160,283
6.400%, 08/15/2017		370,000		442,103
The Procter & Gamble Company
5.500%, 02/01/2034		50,000		63,163
Wal-Mart Stores, Inc.
1.625%, 04/15/2014		530,000		537,151
4.125%, 02/01/2019		100,000		114,025
6.200%, 04/15/2038		125,000		165,156
7.550%, 02/15/2030		410,000		594,373
Walgreen Company
5.250%, 01/15/2019		335,000		390,487

				10,577,258
Energy - 2.5%
Anadarko Petroleum Corp.
6.450%, 09/15/2036		280,000		344,639
Apache Corp.
3.625%, 02/01/2021		250,000		269,877
6.000%, 09/15/2013		75,000		76,832
BP Capital Markets PLC
5.250%, 11/07/2013		80,000		82,235
Canadian Natural Resources, Ltd.
6.250%, 03/15/2038		290,000		352,262
Cenovus Energy, Inc.
5.700%, 10/15/2019		40,000		48,327

343

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Energy (continued)
Chevron Corp.
4.950%, 03/03/2019	$	90,000	$	107,488
ConocoPhillips
5.750%, 02/01/2019		100,000		122,409
DCP Midstream LLC
9.700%, 12/01/2013 (S)		90,000		95,034
9.750%, 03/15/2019 (S)		95,000		125,172
Devon Financing Corp. ULC
7.875%, 09/30/2031		170,000		230,818
Enbridge Energy Partners LP
9.875%, 03/01/2019		125,000		170,617
Encana Corp.
6.500%, 08/15/2034		270,000		314,977
Energy Transfer Partners LP
6.500%, 02/01/2042		50,000		57,218
6.700%, 07/01/2018		250,000		301,775
Ensco PLC
4.700%, 03/15/2021		360,000		402,187
Enterprise Products Operating LLC
4.850%, 08/15/2042		280,000		286,181
6.875%, 03/01/2033		130,000		164,940
9.750%, 01/31/2014		60,000		64,465
EOG Resources, Inc.
4.100%, 02/01/2021		300,000		338,703
Halliburton Company
6.150%, 09/15/2019		360,000		453,333
Hess Corp.
8.125%, 02/15/2019		280,000		361,803
Kinder Morgan Energy Partners LP
5.625%, 02/15/2015		120,000		130,363
6.375%, 03/01/2041		60,000		72,452
6.500%, 09/01/2039		180,000		217,558
9.000%, 02/01/2019		60,000		80,311
Magellan Midstream Partners LP
6.550%, 07/15/2019		180,000		221,963
Nabors Industries, Inc.
9.250%, 01/15/2019		105,000		135,112
Nexen, Inc.
6.200%, 07/30/2019		120,000		149,841
Noble Holding International, Ltd.
6.050%, 03/01/2041		50,000		55,281
7.375%, 03/15/2014		290,000		307,638
Occidental Petroleum Corp.
4.100%, 02/01/2021		300,000		340,313
ONEOK Partners LP
6.650%, 10/01/2036		268,000		322,462
Pemex Project Funding Master Trust
6.625%, 06/15/2035		230,000		275,425
7.375%, 12/15/2014		260,000		287,040
Petro-Canada
5.950%, 05/15/2035		235,000		279,131
6.050%, 05/15/2018		125,000		150,684
Petrobras International Finance Company
5.375%, 01/27/2021		400,000		431,846
6.750%, 01/27/2041		80,000		90,556
8.375%, 12/10/2018		90,000		112,517
Petroleos Mexicanos
5.500%, 01/21/2021		320,000		367,200
Plains All American Pipeline LP
8.750%, 05/01/2019		60,000		81,324
Shell International Finance BV
6.375%, 12/15/2038		90,000		124,500


Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Energy (continued)
Southern Natural Gas Company
4.400%, 06/15/2021	$	250,000	$	275,521
Statoil ASA
1.800%, 11/23/2016		580,000		599,470
Sunoco Logistics Partners Operations LP
3.450%, 01/15/2023		170,000		168,321
Talisman Energy, Inc.
3.750%, 02/01/2021		60,000		62,436
6.250%, 02/01/2038		110,000		124,472
7.750%, 06/01/2019		150,000		190,234
The Williams Companies, Inc.
7.875%, 09/01/2021		190,000		242,920
Tosco Corp.
8.125%, 02/15/2030		383,000		561,024
Total Capital SA
3.125%, 10/02/2015		40,000		42,332
4.125%, 01/28/2021		40,000		45,226
4.250%, 12/15/2021		60,000		68,414
TransCanada PipeLines, Ltd.
5.850%, 03/15/2036		405,000		491,359
Valero Energy Corp.
6.125%, 06/15/2017		345,000		410,558
7.500%, 04/15/2032		270,000		351,505
Weatherford International, Ltd.
5.500%, 02/15/2016		340,000		371,283
6.000%, 03/15/2018		185,000		211,127
Williams Partners LP
5.250%, 03/15/2020		400,000		456,075

				13,677,086
Financials - 7.6%
AEGON Funding Company LLC
5.750%, 12/15/2020		165,000		196,357
African Development Bank
6.875%, 10/15/2015		145,000		164,329
Allied World Assurance Company, Ltd.
7.500%, 08/01/2016		325,000		386,528
American Express Co
2.650%, 12/02/2022		345,000		338,341
American Express Credit Corp.
7.300%, 08/20/2013		100,000		102,561
American International Group, Inc.
5.450%, 05/18/2017		120,000		137,515
6.250%, 05/01/2036		430,000		535,964
Asian Development Bank
5.593%, 07/16/2018		590,000		719,783
Banco Bradesco SA
4.125%, 05/16/2016 (S)		200,000		209,500
Bank of America Corp.
5.000%, 05/13/2021		320,000		358,909
5.875%, 01/05/2021		350,000		413,569
6.500%, 08/01/2016		80,000		92,143
Bank of Nova Scotia
2.900%, 03/29/2016		580,000		614,999
Barclays Bank PLC
5.200%, 07/10/2014		170,000		179,213
6.750%, 05/22/2019		240,000		298,686
BB&T Corp.
5.200%, 12/23/2015		335,000		372,055
5.700%, 04/30/2014		300,000		316,683
Berkshire Hathaway Finance Corp.
4.250%, 01/15/2021		60,000		67,518
5.400%, 05/15/2018		105,000		125,524

344

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
Berkshire Hathaway, Inc.
3.200%, 02/11/2015	$	120,000	$	125,940
BNP Paribas
3.250%, 03/11/2015		600,000		622,139
Boston Properties LP
4.125%, 05/15/2021		300,000		325,271
BRE Properties, Inc.
5.200%, 03/15/2021		60,000		68,138
Burlington Northern Santa Fe LLC
4.400%, 03/15/2042		50,000		49,845
Capital One Bank Usa Na
3.375%, 02/15/2023		360,000		356,740
Capital One Financial Corp.
7.375%, 05/23/2014		110,000		118,082
Chubb Corp.
5.750%, 05/15/2018		275,000		334,699
Citigroup, Inc.
5.875%, 02/22/2033 to 05/29/2037		530,000		609,058
8.500%, 05/22/2019		277,000		369,219
CNA Financial Corp.
7.350%, 11/15/2019		280,000		354,611
Cooperatieve Centrale Raiffeisen-
Boerenleenbank BA
4.500%, 01/11/2021		500,000		560,466
Credit Suisse New York
5.500%, 05/01/2014		750,000		789,033
Credit Suisse USA, Inc.
4.875%, 01/15/2015		475,000		509,675
Deutsche Bank AG
3.250%, 01/11/2016		500,000		529,958
3.875%, 08/18/2014		560,000		583,135
4.875%, 05/20/2013		110,000		110,623
Discover Financial Services
5.200%, 04/27/2022		120,000		135,034
European Bank For Reconstruction &
Development
1.625%, 09/03/2015		70,000		71,966
European Investment Bank
2.375%, 03/14/2014		210,000		214,086
2.875%, 09/15/2020		200,000		215,491
4.625%, 05/15/2014 to 10/20/2015		1,894,000		2,011,677
4.875%, 01/17/2017		200,000		230,164
Fifth Third Bancorp
3.625%, 01/25/2016		250,000		267,273
5.450%, 01/15/2017		300,000		336,998
First Horizon National Corp.
5.375%, 12/15/2015		320,000		348,098
General Electric Capital Corp.
6.000%, 08/07/2019		250,000		303,681
6.750%, 03/15/2032		230,000		293,141
6.875%, 01/10/2039		585,000		767,642
Hartford Financial Services Group, Inc.
5.950%, 10/15/2036		170,000		198,742
HCP, Inc.
5.375%, 02/01/2021		250,000		290,571
Health Care REIT, Inc.
4.950%, 01/15/2021		320,000		355,967
Hospitality Properties Trust
7.875%, 08/15/2014		280,000		295,566
HSBC Holdings PLC
6.500%, 09/15/2037		660,000		809,612
ING Bank NV
3.000%, 09/01/2015 (S)		450,000		465,795


Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
International American Development Bank
2.250%, 07/15/2015	$	830,000	$	864,965
7.000%, 06/15/2025		325,000		461,115
International Bank for Reconstruction &
Development
8.625%, 10/15/2016		100,000		126,960
International Finance Corp.
3.000%, 04/22/2014		610,000		627,586
Jefferies Group, Inc.
5.125%, 04/13/2018		330,000		359,700
JPMorgan Chase & Company
1.100%, 10/15/2015		290,000		290,412
4.350%, 08/15/2021		710,000		783,753
4.750%, 05/01/2013		125,000		125,434
6.400%, 05/15/2038		125,000		160,533
Kemper Corp.
6.000%, 11/30/2015		120,000		131,395
KeyCorp
5.100%, 03/24/2021		250,000		291,229
6.500%, 05/14/2013		125,000		125,859
Kimco Realty Corp.
6.875%, 10/01/2019		60,000		76,078
Kreditanstalt fuer Wiederaufbau
4.375%, 03/15/2018		360,000		417,763
5.125%, 03/14/2016		780,000		883,891
Landwirtschaftliche Rentenbank
5.125%, 02/01/2017		75,000		87,301
Lincoln National Corp.
7.000%, 06/15/2040		150,000		197,895
Merrill Lynch & Company, Inc.
6.875%, 04/25/2018 to 11/15/2018		397,000		481,874
7.750%, 05/14/2038		480,000		640,636
MetLife, Inc.
6.750%, 06/01/2016		150,000		176,354
6.817%, 08/15/2018		190,000		236,951
Moody’s Corp.
5.500%, 09/01/2020		60,000		65,560
Morgan Stanley
5.950%, 12/28/2017		435,000		503,831
6.625%, 04/01/2018		503,000		601,548
7.300%, 05/13/2019		110,000		136,192
National Rural Utilities Cooperative
Finance Corp.
10.375%, 11/01/2018		180,000		262,815
Nomura Holdings, Inc.
4.125%, 01/19/2016		110,000		116,470
Northern Trust Corp.
3.450%, 11/04/2020		300,000		325,628
Oesterreichische Kontrollbank AG
4.875%, 02/16/2016		295,000		329,719
PartnerRe Finance A LLC
6.875%, 06/01/2018		250,000		302,708
PartnerRe Finance B LLC
5.500%, 06/01/2020		60,000		68,355
Plum Creek Timberlands LP
4.700%, 03/15/2021		150,000		163,482
PNC Funding Corp.
4.250%, 09/21/2015		40,000		43,358
5.625%, 02/01/2017		310,000		354,217
6.700%, 06/10/2019		310,000		391,383
ProLogis LP
5.625%, 11/15/2016		185,000		209,659

345

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
Prudential Financial, Inc.
3.875%, 01/14/2015	$	140,000	$	147,298
4.750%, 04/01/2014 to 09/17/2015		395,000		425,162
5.375%, 06/21/2020		280,000		330,412
Reinsurance Group of America, Inc.
5.000%, 06/01/2021		50,000		55,771
Royal Bank of Canada
2.100%, 07/29/2013		160,000		160,794
Senior Housing Properties Trust
4.300%, 01/15/2016		110,000		115,104
Simon Property Group LP
5.650%, 02/01/2020		330,000		398,314
5.875%, 03/01/2017		205,000		238,308
SLM Corp.
7.250%, 01/25/2022		50,000		55,875
8.000%, 03/25/2020		390,000		452,400
SunTrust Banks, Inc.
6.000%, 09/11/2017		435,000		513,723
The Allstate Corp.
5.950%, 04/01/2036		335,000		422,696
The Bank of New York Mellon Corp.
2.500%, 01/15/2016		150,000		157,000
The Bear Stearns Companies LLC
7.250%, 02/01/2018		710,000		882,736
The Goldman Sachs Group, Inc.
5.500%, 11/15/2014		630,000		674,647
6.125%, 02/15/2033		375,000		431,900
6.150%, 04/01/2018		735,000		866,479
7.500%, 02/15/2019		240,000		300,403
The Travelers Companies, Inc.
5.900%, 06/02/2019		310,000		385,365
6.250%, 06/20/2016		190,000		221,461
Travelers Property Casualty Corp.
7.750%, 04/15/2026		50,000		69,210
U.S. Bank NA (3.778% to 04/29/2015 then
3 month LIBOR + 2.003%)
04/29/2020		230,000		242,336
UBS AG
5.750%, 04/25/2018		185,000		219,261
Union Bank NA
5.950%, 05/11/2016		250,000		282,807
US Bancorp
2.450%, 07/27/2015		280,000		291,925
Ventas Realty LP
3.125%, 11/30/2015		150,000		158,559
4.750%, 06/01/2021		60,000		66,720
Vornado Realty LP
4.250%, 04/01/2015		290,000		306,518
Wells Fargo & Company
5.000%, 11/15/2014		105,000		111,760
5.625%, 12/11/2017		185,000		218,917
Westpac Banking Corp.
3.000%, 12/09/2015		450,000		475,659
Willis North America, Inc.
7.000%, 09/29/2019		50,000		59,648
Xstrata Finance Canada, Ltd.
5.800%, 11/15/2016 (S)		105,000		119,557

				40,939,647
Health Care - 1.4%
Aetna, Inc.
3.950%, 09/01/2020		290,000		317,665
6.000%, 06/15/2016		105,000		120,949


Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Health Care (continued)
Amgen, Inc.
5.150%, 11/15/2041	$	100,000	$	107,483
5.700%, 02/01/2019		50,000		59,990
5.750%, 03/15/2040		40,000		46,252
AstraZeneca PLC
5.900%, 09/15/2017		340,000		408,300
Baxter International, Inc.
5.900%, 09/01/2016		315,000		366,390
Becton, Dickinson and Company
3.250%, 11/12/2020		300,000		318,706
Bristol-Myers Squibb Company
6.800%, 11/15/2026		195,000		270,671
Cigna Corp.
4.000%, 02/15/2022		280,000		302,669
Covidien International Finance SA
6.000%, 10/15/2017		360,000		432,053
Eli Lilly & Company
7.125%, 06/01/2025		250,000		350,358
Gilead Sciences, Inc.
4.500%, 04/01/2021		330,000		374,486
GlaxoSmithKline Capital, Inc.
4.375%, 04/15/2014		105,000		109,304
6.375%, 05/15/2038		210,000		281,288
Howard Hughes Medical Institute
3.450%, 09/01/2014		310,000		324,595
Johnson & Johnson
2.150%, 05/15/2016		320,000		334,977
5.850%, 07/15/2038		285,000		377,192
Laboratory Corp. of America Holdings
4.625%, 11/15/2020		280,000		306,772
Life Technologies Corp.
5.000%, 01/15/2021		310,000		335,589
McKesson Corp.
4.750%, 03/01/2021		150,000		173,853
Medtronic, Inc.
5.600%, 03/15/2019		165,000		200,486
Novartis Securities Investment, Ltd.
5.125%, 02/10/2019		80,000		95,571
Pharmacia Corp.
6.500%, 12/01/2018		335,000		424,014
Quest Diagnostics, Inc.
5.450%, 11/01/2015		30,000		33,068
St. Jude Medical, Inc.
4.875%, 07/15/2019		170,000		193,920
UnitedHealth Group, Inc.
4.375%, 03/15/2042		50,000		50,455
4.875%, 03/15/2015		12,000		12,970
5.800%, 03/15/2036		300,000		356,939
WellPoint, Inc.
6.375%, 06/15/2037		345,000		425,157

				7,512,122
Industrials - 1.5%
Burlington Northern Santa Fe LLC
4.700%, 10/01/2019		250,000		291,332
7.000%, 02/01/2014		390,000		410,420
Canadian Pacific Railway Company
4.450%, 03/15/2023		300,000		331,197
Caterpillar Financial Services Corp.
6.125%, 02/17/2014		380,000		399,071
Caterpillar, Inc.
7.900%, 12/15/2018		95,000		127,693
CSX Corp.
3.700%, 10/30/2020		270,000		293,201

346

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Industrials (continued)
CSX Corp. (continued)
6.250%, 04/01/2015	$	415,000	$	459,522
7.375%, 02/01/2019		105,000		133,936
Emerson Electric Company
4.875%, 10/15/2019		250,000		296,421
ERAC USA Finance LLC
5.250%, 10/01/2020 (S)		60,000		69,700
FedEx Corp.
3.875%, 08/01/2042		420,000		393,784
8.000%, 01/15/2019		50,000		65,681
Fluor Corp.
3.375%, 09/15/2021		320,000		338,702
GATX Corp.
4.750%, 05/15/2015		170,000		180,381
Honeywell International, Inc.
3.875%, 02/15/2014		310,000		319,016
Ingersoll-Rand Global Holding Company, Ltd.
6.875%, 08/15/2018		340,000		410,556
Koninklijke Philips Electronics NV
6.875%, 03/11/2038		250,000		335,270
L-3 Communications Corp.
4.750%, 07/15/2020		150,000		166,019
Norfolk Southern Corp.
4.837%, 10/01/2041		240,000		261,096
Northrop Grumman Corp.
3.500%, 03/15/2021		150,000		160,529
Pitney Bowes, Inc.
6.250%, 03/15/2019		180,000		199,794
Snap-On, Inc.
6.125%, 09/01/2021		310,000		382,833
The Boeing Company
8.750%, 09/15/2031		90,000		137,313
Tyco Electronics Group SA
6.550%, 10/01/2017		500,000		598,155
Union Pacific Corp.
4.000%, 02/01/2021		280,000		312,850
6.625%, 02/01/2029		285,000		377,704
United Technologies Corp.
5.375%, 12/15/2017		100,000		118,644
6.125%, 02/01/2019		245,000		305,751
Waste Management, Inc.
6.125%, 11/30/2039		50,000		61,739
7.375%, 03/11/2019		315,000		398,958

				8,337,268
Information Technology - 1.0%
Cisco Systems, Inc.
3.150%, 03/14/2017		60,000		65,041
5.900%, 02/15/2039		80,000		100,310
Dell, Inc.
4.700%, 04/15/2013		130,000		130,155
5.875%, 06/15/2019		150,000		157,032
eBay, Inc.
3.250%, 10/15/2020		250,000		267,928
Google, Inc.
3.625%, 05/19/2021		320,000		355,020
Hewlett-Packard Company
2.125%, 09/13/2015		290,000		294,012
3.750%, 12/01/2020		300,000		298,014
4.750%, 06/02/2014		340,000		355,134
IBM Corp.
2.000%, 01/05/2016		330,000		342,137
4.000%, 06/20/2042		210,000		211,110
5.600%, 11/30/2039		21,000		26,200


Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Information Technology (continued)
IBM Corp. (continued)
6.500%, 10/15/2013	$	140,000	$	144,579
Intel Corp.
2.700%, 12/15/2022		690,000		684,158
Microsoft Corp.
2.950%, 06/01/2014		410,000		422,603
Motorola Solutions, Inc.
6.000%, 11/15/2017		170,000		199,063
Oracle Corp.
5.750%, 04/15/2018		435,000		525,124
SAIC, Inc.
4.450%, 12/01/2020		300,000		320,888
The Western Union Company
3.650%, 08/22/2018		100,000		103,233
Xerox Corp.
6.750%, 12/15/2039		60,000		71,195
XLIT, Ltd.
5.750%, 10/01/2021		310,000		368,390

				5,441,326
Materials - 1.2%
Agrium, Inc.
6.750%, 01/15/2019		350,000		429,089
Alcoa, Inc.
6.750%, 07/15/2018		345,000		394,253
ArcelorMittal
5.375%, 06/01/2013		155,000		155,977
Barrick North America Finance LLC
4.400%, 05/30/2021		250,000		267,120
BHP Billiton Finance USA, Ltd.
6.500%, 04/01/2019		300,000		379,684
Cliffs Natural Resources, Inc.
4.875%, 04/01/2021 (L)		330,000		325,386
CRH America, Inc.
8.125%, 07/15/2018		220,000		273,538
E.I. du Pont de Nemours & Company
3.625%, 01/15/2021		180,000		197,576
Newmont Mining Corp.
4.875%, 03/15/2042		270,000		261,687
POSCO
4.250%, 10/28/2020 (S)		100,000		108,760
Potash Corp. of Saskatchewan, Inc.
5.625%, 12/01/2040		150,000		175,509
PPG Industries, Inc.
3.600%, 11/15/2020		300,000		321,675
Praxair, Inc.
2.450%, 02/15/2022		240,000		240,929
Rio Tinto Alcan, Inc.
6.125%, 12/15/2033		100,000		124,541
Rio Tinto Finance USA PLC
4.750%, 03/22/2042		270,000		281,805
Rio Tinto Finance USA, Ltd.
5.200%, 11/02/2040		250,000		280,080
6.500%, 07/15/2018		70,000		85,964
Teck Resources, Ltd.
4.500%, 01/15/2021		70,000		74,484
6.250%, 07/15/2041		270,000		286,020
The Dow Chemical Company
4.375%, 11/15/2042		590,000		566,866
5.700%, 05/15/2018		170,000		200,488
5.900%, 02/15/2015		240,000		262,320
9.400%, 05/15/2039		130,000		207,011

347

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Materials (continued)
Vale Overseas, Ltd.
6.875%, 11/10/2039	$	350,000	$	399,678

				6,300,440
Telecommunication Services - 1.1%
America Movil SAB de CV
5.000%, 03/30/2020		61,000		68,643
American Tower Corp.
4.500%, 01/15/2018		310,000		341,085
Ameritech Capital Funding Corp.
6.875%, 10/15/2027		60,000		72,566
AT&T, Inc.
3.000%, 02/15/2022		500,000		506,222
4.300%, 12/15/2042 (S)		20,000		18,667
5.625%, 06/15/2016		480,000		548,086
6.300%, 01/15/2038		400,000		480,533
BellSouth Corp.
6.875%, 10/15/2031		200,000		241,716
British Telecommunications PLC
9.625%, 12/15/2030		190,000		294,837
Deutsche Telekom International Finance BV
8.750%, 06/15/2030		146,000		206,972
Telecom Italia Capital SA
7.721%, 06/04/2038		310,000		323,092
Telefonica Emisiones SAU
7.045%, 06/20/2036		230,000		247,224
Telefonica Europe BV
8.250%, 09/15/2030		350,000		414,614
Verizon Communications, Inc.
4.600%, 04/01/2021		650,000		727,357
6.900%, 04/15/2038		190,000		243,843
Verizon Wireless Capital LLC
7.375%, 11/15/2013		100,000		104,113
8.500%, 11/15/2018		250,000		332,856
Vodafone Group PLC
4.375%, 03/16/2021		110,000		124,029
5.375%, 01/30/2015		190,000		205,911
5.450%, 06/10/2019		320,000		380,953

				5,883,319
Utilities - 1.7%
CenterPoint Energy Resources Corp.
4.500%, 01/15/2021		246,000		279,663
Consolidated Edison Company of New
York, Inc.
7.125%, 12/01/2018		295,000		382,962
Constellation Energy Group, Inc.
5.150%, 12/01/2020		310,000		354,164
Dominion Resources, Inc.
5.200%, 08/15/2019		110,000		131,050
DTE Energy Company
6.350%, 06/01/2016		230,000		266,700
Duke Energy Carolinas LLC
6.000%, 01/15/2038		200,000		256,232
7.000%, 11/15/2018		290,000		375,692
Entergy Corp.
5.125%, 09/15/2020		310,000		340,646
Entergy Texas, Inc.
7.125%, 02/01/2019		50,000		62,022
Exelon Generation Company LLC
6.250%, 10/01/2039		160,000		186,086
Florida Power & Light Company
5.650%, 02/01/2037		290,000		362,071


Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Utilities (continued)
Georgia Power Company
5.950%, 02/01/2039	$	335,000	$	422,581
Hydro Quebec
8.400%, 01/15/2022		250,000		357,134
Indiana Michigan Power Company
6.050%, 03/15/2037		187,000		225,521
NextEra Energy Capital Holdings, Inc.
7.875%, 12/15/2015		295,000		347,187
NiSource Finance Corp.
6.800%, 01/15/2019		380,000		463,909
Oncor Electric Delivery Company LLC
7.500%, 09/01/2038		188,000		263,144
Pacific Gas & Electric Company
3.500%, 10/01/2020		60,000		65,276
6.050%, 03/01/2034		260,000		325,697
6.250%, 12/01/2013		135,000		140,036
PacifiCorp
6.000%, 01/15/2039		335,000		437,683
Peco Energy Company
5.000%, 10/01/2014		300,000		319,209
Pennsylvania Electric Company
5.200%, 04/01/2020		300,000		342,379
PPL WEM Holdings PLC
5.375%, 05/01/2021 (S)		60,000		68,626
Progress Energy, Inc.
4.400%, 01/15/2021		305,000		341,395
7.050%, 03/15/2019		50,000		63,470
Public Service Electric & Gas Company
6.330%, 11/01/2013		120,000		123,966
San Diego Gas & Electric Company
6.125%, 09/15/2037		202,000		271,678
Southern California Edison Company
5.350%, 07/15/2035		130,000		155,306
Southern Company
2.375%, 09/15/2015		500,000		518,498
Southwestern Public Service Company
8.750%, 12/01/2018		255,000		341,904
Virginia Electric and Power Company
3.450%, 09/01/2022		50,000		54,267
8.875%, 11/15/2038		190,000		319,894
Wisconsin Electric Power Company
6.000%, 04/01/2014		260,000		273,453

				9,239,501

TOTAL CORPORATE BONDS (Cost $104,446,100)			$	117,729,752


MUNICIPAL BONDS - 0.9%
Bay Area Toll Authority (California)
6.907%, 10/01/2050		50,000		70,405
Illinois State Toll Highway Authority
6.184%, 01/01/2034		150,000		190,218
Maryland State Transportation Authority
5.888%, 07/01/2043		60,000		79,004
Metropolitan Washington Airports Authority
(District of Columbia)
7.462%, 10/01/2046		40,000		50,925
New Jersey State Turnpike Authority
7.102%, 01/01/2041		90,000		128,004
New York State Dormitory Authority
5.628%, 03/15/2039		340,000		412,607
New York State Urban Development Corp.
5.770%, 03/15/2039		300,000		367,569
North Carolina Turnpike Authority
6.700%, 01/01/2039		60,000		70,753

348

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value


MUNICIPAL BONDS (continued)
State of California
7.300%, 10/01/2039	$	400,000	$	557,460
7.500%, 04/01/2034		80,000		111,983
State of Illinois, GO
5.100%, 06/01/2033		115,000		113,611
7.350%, 07/01/2035		280,000		336,078
State of Texas
5.517%, 04/01/2039		260,000		331,828
State of Utah
3.539%, 07/01/2025		390,000		426,075
4.554%, 07/01/2024		260,000		304,364
State of Washington
5.481%, 08/01/2039		260,000		325,291
Texas Transportation Commission
5.178%, 04/01/2030		310,000		379,390
University of California
5.770%, 05/15/2043		320,000		386,346

TOTAL MUNICIPAL BONDS (Cost $3,853,535)			$	4,641,911


COLLATERALIZED MORTGAGE
OBLIGATIONS - 2.6%
Commercial & Residential - 2.6%
Banc of America Commercial Mortgage, Inc.
Series 2006-5, Class A3,
5.390%, 09/10/2047		880,000		924,105
Series 2006-1, Class AM,
5.421%, 09/10/2045 (P)		200,000		220,897
Series 2006-4, Class A4,
5.634%, 07/10/2046		790,000		887,894
Bear Stearns Commercial Mortgage Securities
Series 2004-PWR3, Class A4,
4.715%, 02/11/2041		443,688		451,512
Series 2005-T20, Class A3,
5.147%, 10/12/2042 (P)		325,665		329,773
Series 2006-PW11, Class AM,
5.450%, 03/11/2039 (P)		200,000		222,064
Series 2006-PW12, Class A4,
5.718%, 09/11/2038 (P)		935,000		1,054,800
Citigroup/Deutsche Bank
Commercial Mortgage Trust
Series 2006-CD2, Class A4,
5.305%, 01/15/2046 (P)		170,000		187,638
Series 2006-CD2, Class AM,
5.352%, 01/15/2046 (P)		200,000		218,027
Credit Suisse First Boston Mortgage
Securities Corp., Series 2005-C3, Class A3
4.645%, 07/15/2037		207,179		211,729
GE Capital Commercial Mortgage Corp.,
Series 2005-C1, Class A3
4.578%, 06/10/2048		463,437		472,285
JPMorgan Chase Commercial
Mortgage Securities Corp.
Series 2004-CB8, Class A4,
4.404%, 01/12/2039		397,110		407,496
Series 2005-LDP4, Class A4,
4.918%, 10/15/2042 (P)		150,000		160,551
Series 2005-CB11, Class A3,
5.197%, 08/12/2037		681,604		693,256
Series 2005-LDP5, Class A4,
5.201%, 12/15/2044 (P)		1,695,000		1,857,923
Series 2005-CB13, Class A3A1,
5.298%, 01/12/2043 (P)		80,000		81,997
Series 2006-LDP8, Class AM,
5.440%, 05/15/2045		485,000		541,223


Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial & Residential (continued)
JPMorgan Chase Commercial Mortgage
Securities Corp. (continued)
Series 2006-LDP8, Class A3B,
5.447%, 05/15/2045	$	205,000	$	211,529
LB Commercial Conduit Mortgage Trust,
Series 2007-C3, Class A4
5.864%, 07/15/2044 (P)		180,000		209,147
Merrill Lynch Mortgage Trust
Series 2006-C1, Class AM,
5.686%, 05/12/2039 (P)		800,000		896,123
Series 2008-C1, Class A4,
5.690%, 02/12/2051		900,000		1,048,913
Morgan Stanley Capital I
Series 2011, Class C10,
5.033%, 09/15/2047 (P)(S)		190,000		224,884
Series 2007-T27, Class A4,
5.651%, 06/11/2042 (P)		630,000		737,197
Series 2006-T23, Class A2,
5.750%, 08/12/2041 (P)		165,646		167,441
Wachovia Bank Commercial Mortgage Trust
Series 2005-C17, Class A4,
5.083%, 03/15/2042 (P)		1,050,000		1,123,085
Series 2004-C11, Class A5,
5.215%, 01/15/2041 (P)		500,000		519,875

TOTAL COLLATERALIZED MORTGAGE
OBLIGATIONS (Cost $12,567,714)			$	14,061,364


ASSET BACKED SECURITIES - 0.1%
Volkswagen Auto Loan
Enhanced Trust 0.850%, 08/22/2016		380,000		381,821
Detroit Edison Securitization Funding LLC,
Series 2001-1, Class A6
6.620%, 03/01/2016		250,000		268,359

TOTAL ASSET BACKED SECURITIES (Cost $667,024)			$	650,180


SECURITIES LENDING COLLATERAL - 0.0%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		20,570		205,884

TOTAL SECURITIES LENDING
COLLATERAL (Cost $205,875)			$	205,884


SHORT-TERM INVESTMENTS - 4.9%
Money Market Funds - 4.9%
State Street Institutional U.S. Government
Money Market Fund, 0.0241% (Y)		26,337,621		26,337,621

TOTAL SHORT-TERM INVESTMENTS (Cost $26,337,621)			$	26,337,621

Total Investments (Total Bond Market Trust B)
(Cost $519,549,065) - 103.4%			$	560,111,525
Other assets and liabilities, net - (3.4%)				(18,170,625)

TOTAL NET ASSETS - 100.0%			$	541,940,900

349

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Return Trust
		Shares or
		Principal
		Amount		Value


U.S. GOVERNMENT & AGENCY
OBLIGATIONS - 86.5%
U.S. Government - 43.9%
Treasury Inflation Protected Securities
0.125%, 04/15/2017 to 07/15/2022	$	32,269,507	$	35,143,439
0.625%, 07/15/2021 to 02/15/2043		6,918,916		7,724,470
0.750%, 02/15/2042		24,150,774		25,263,980
1.125%, 01/15/2021		5,789,300		6,829,110
1.250%, 07/15/2020		12,353,094		14,763,874
1.750%, 01/15/2028		6,704,510		8,530,966
1.875%, 07/15/2019		754,880		924,669
2.000%, 01/15/2026		8,004,828		10,427,537
2.125%, 02/15/2040		10,866,264		15,333,320
2.375%, 01/15/2025 to 01/15/2027		20,651,309		27,937,770
2.500%, 01/15/2029		20,055,189		28,049,067
3.625%, 04/15/2028		8,968,869		14,014,557
3.875%, 04/15/2029 (F)		7,703,575		12,524,326
U.S. Treasury Notes
0.375%, 11/15/2015 (C)		461,700,000		462,421,175
0.375%, 01/15/2016 to 02/15/2016		98,800,000		98,886,113
0.750%, 10/31/2017 to 03/31/2018		83,300,000		83,499,078
0.750%, 12/31/2017 to 02/28/2018 (C)		293,400,000		293,669,814
0.875%, 07/31/2019		35,500,000		35,064,557
1.000%, 06/30/2019 to 09/30/2019		118,100,000		117,391,849
1.125%, 05/31/2019 to 03/31/2020		34,100,000		34,093,381
1.250%, 10/31/2019 (C)		1,300,000		1,310,563
1.250%, 02/29/2020		17,500,000		17,542,385
1.375%, 01/31/2020		500,000		506,094
1.500%, 08/31/2018 (D)(F)		82,900,000		85,749,688
1.625%, 08/15/2022		38,100,000		37,638,647
1.625%, 11/15/2022 (C)		25,100,000		24,676,438
1.750%, 05/15/2022		7,300,000		7,327,375
2.000%, 02/15/2023		17,500,000		17,735,165
3.375%, 11/15/2019		4,000,000		4,581,876

				1,529,561,283
U.S. Government Agency - 42.6%
Federal Home Loan Mortgage Corp.
0.875%, 03/07/2018		1,100,000		1,098,353
1.000%, 03/08/2017 to 09/29/2017		49,000,000		49,548,543
1.250%, 05/12/2017 to 10/02/2019		29,600,000		29,523,837
1.750%, 05/30/2019		2,100,000		2,161,362
2.375%, 01/13/2022		4,800,000		4,999,397
2.678%, 01/01/2029 (P)		136,661		144,946
2.801%, 06/01/2034 (P)		189,873		200,883
3.750%, 03/27/2019		2,000,000		2,294,252
4.000%, TBA (C)		12,000,000		12,751,876
4.000%, 09/01/2035 to 12/01/2041		32,965,502		35,032,870
4.500%, TBA (C)		14,500,000		15,512,735
4.500%, 10/01/2025 to 10/01/2041		15,105,760		16,202,083
5.000%, 02/16/2017		1,400,000		1,632,182
5.500%, 08/23/2017 to 07/01/2038		1,945,466		2,144,439
6.000%, 03/01/2016 to 08/01/2038		1,205,049		1,317,791
Federal National Mortgage Association
0.500%, 03/30/2016		8,300,000		8,309,553
0.875%, 08/28/2017 to 02/08/2018		11,200,000		11,193,144
1.125%, 04/27/2017		6,200,000		6,315,661
1.250%, 01/30/2017		5,300,000		5,417,093
1.375%, 06/01/2043 (P)		970,425		984,639
1.575%, 10/01/2040 (P)		171,765		175,317
2.217%, 09/01/2035 (P)		3,086,021		3,273,852
2.310%, 08/01/2022		700,000		705,705
2.500%, TBA (C)		7,000,000		7,263,459
2.500%, 01/01/2027 to 10/01/2027		9,554,402		9,921,466
2.590%, 07/01/2022		11,862,603		12,152,454
2.640%, 06/01/2022		6,300,000		6,466,684


Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value


U.S. GOVERNMENT & AGENCY
OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage
Association (continued)
2.870%, 09/01/2027	$	1,600,000	$	1,544,215
2.940%, 07/01/2022		2,632,523		2,766,104
3.000%, TBA (C)		109,000,000		113,124,803
3.000%, 04/01/2022 to 03/01/2028		4,876,362		5,141,466
3.156%, 05/01/2022		9,648,137		10,286,725
3.330%, 11/01/2021		391,103		424,980
3.500%, TBA (C)		11,000,000		11,656,763
3.500%, 09/01/2020 to 01/01/2026		1,035,991		1,100,515
3.876%, 05/01/2036 (P)		1,682,431		1,829,156
4.000%, TBA (C)		215,500,000		229,727,548
4.000%, 07/01/2019 to 01/01/2042		54,387,381		58,140,482
4.500%, TBA (C)		183,000,000		197,081,316
4.500%, 04/01/2018 to 01/01/2042		228,265,177		246,392,633
4.725%, 09/01/2035 (P)		146,388		155,187
5.000%, TBA (C)		22,154,581		24,002,873
5.000%, 02/13/2017 to 07/01/2041		74,637,043		81,034,342
5.007%, 05/01/2035 (P)		252,987		269,269
5.375%, 06/12/2017		1,600,000		1,908,355
5.500%, TBA (C)		94,500,000		103,030,704
5.500%, 03/01/2021 to 09/01/2041		90,207,855		98,561,207
6.000%, TBA (C)		12,000,000		13,143,750
6.000%, 12/01/2016 to 06/01/2040		30,141,797		33,027,707
6.500%, 03/01/2036 to 11/01/2037		41,087		45,882
Government National
Mortgage Association
1.625%, 02/20/2024 to 02/20/2032 (P)		886,277		924,642
1.750%, 09/20/2021 to 05/20/2030 (P)		380,487		393,231
Small Business Administration
4.504%, 02/01/2014		71,225		72,780
4.880%, 11/01/2024		74,399		81,426
5.130%, 09/01/2023		116,844		129,571
5.520%, 06/01/2024		2,419,385		2,737,143

				1,485,479,351

TOTAL U.S. GOVERNMENT & AGENCY
OBLIGATIONS (Cost $2,985,630,285)			$	3,015,040,634


FOREIGN GOVERNMENT
OBLIGATIONS - 11.0%
Canada - 3.5%
Province of British Columbia
4.300%, 06/18/2042	CAD	400,000		452,874
Province of Ontario
1.600%, 09/21/2016	$	100,000		102,901
1.650%, 09/27/2019		7,500,000		7,496,970
2.850%, 06/02/2023	CAD	1,700,000		1,678,513
3.000%, 07/16/2018	$	1,800,000		1,954,679
3.150%, 06/02/2022	CAD	13,100,000		13,401,499
4.000%, 06/02/2021		3,000,000		3,280,878
4.200%, 06/02/2020		29,300,000		32,407,528
4.300%, 03/08/2017		1,400,000		1,516,165
4.400%, 04/14/2020	$	1,100,000		1,285,461
4.600%, 06/02/2039	CAD	1,800,000		2,085,137
4.700%, 06/02/2037		36,400,000		42,470,668
Province of Quebec
2.750%, 08/25/2021	$	1,200,000		1,246,619
3.000%, 09/01/2023	CAD	200,000		198,185
3.500%, 07/29/2020	$	600,000		664,889
3.500%, 12/01/2022	CAD	1,700,000		1,771,340
4.250%, 12/01/2021		5,000,000		5,532,067

350

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value


FOREIGN GOVERNMENT
OBLIGATIONS (continued)
Canada (continued)
Province of Quebec (continued)
4.500%, 12/01/2017 to 12/01/2020	CAD	3,700,000	$	4,117,247

				121,663,620
France - 0.2%
Societe Financement de l’Economie
Francaise
3.375%, 05/05/2014 (S)	$	4,900,000		5,059,426
Italy - 6.0%
Italy Certificati di Credito del Tesoro
Zero Coupon 09/30/2014 (Z)	EUR	21,800,000		27,181,466
Republic of Italy
1.700%, 09/15/2018		496,520		613,272
2.100%, 09/15/2021		1,915,578		2,277,070
2.500%, 03/01/2015		21,000,000		27,099,008
3.000%, 04/15/2015		2,600,000		3,380,805
3.500%, 11/01/2017		9,000,000		11,540,995
3.750%, 08/01/2015 to 08/01/2016		19,400,000		25,591,773
4.000%, 02/01/2017		300,000		396,175
4.250%, 08/01/2014 to 02/01/2015		9,900,000		13,124,510
4.500%, 07/15/2015		50,400,000		67,454,437
4.750%, 09/15/2016 to 06/01/2017		19,100,000		25,787,687
6.000%, 11/15/2014		3,400,000		4,639,054

				209,086,252
Mexico - 0.3%
Government of Mexico
6.000%, 06/18/2015	MXN	34,700,000		2,911,766
6.250%, 06/16/2016		26,700,000		2,275,814
10.000%, 12/05/2024		6,400,000		745,092
Mexico Cetes
Zero Coupon 04/18/2013 (Z)		734,000,000		5,928,954

				11,861,626
Panama - 0.0%
Republic of Panama
7.250%, 03/15/2015	$	700,000		780,500
South Korea - 0.5%
Export-Import Bank of Korea
4.125%, 09/09/2015		6,400,000		6,851,398
Korea Development Bank
4.375%, 08/10/2015		9,900,000		10,615,909
Korea Housing Finance Corp.
4.125%, 12/15/2015 (S)		1,100,000		1,181,985

				18,649,292
Spain - 0.5%
Kingdom of Spain
3.000%, 04/30/2015	EUR	800,000		1,034,776
3.150%, 01/31/2016		700,000		900,574
3.750%, 10/31/2015		5,300,000		6,929,685
3.800%, 01/31/2017		100,000		129,340
4.000%, 07/30/2015		2,500,000		3,293,235
4.250%, 10/31/2016		800,000		1,051,456
4.400%, 01/31/2015		2,100,000		2,792,563

				16,131,629

TOTAL FOREIGN GOVERNMENT
OBLIGATIONS (Cost $372,256,100)			$	383,232,345


Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS - 14.4%
Consumer Discretionary - 1.2%
Banque PSA Finance SA
2.183%, 04/04/2014 (P)(S)	$	5,400,000	$	5,353,128
Daimler Finance North America LLC
0.894%, 03/28/2014 (P)(S)		1,750,000		1,754,412
1.480%, 09/13/2013 (P)(S)		2,500,000		2,509,765
Ford Motor Credit Company LLC
7.000%, 04/15/2015		800,000		882,753
8.000%, 06/01/2014 to 12/15/2016		1,200,000		1,426,484
8.700%, 10/01/2014		500,000		552,327
President and Fellows of Harvard College
6.500%, 01/15/2039 (S)		21,300,000		30,226,489

				42,705,358
Energy - 1.2%
AK Transneft OJSC
8.700%, 08/07/2018 (S)		1,300,000		1,657,825
Cameron International Corp.
1.217%, 06/02/2014 (P)		3,500,000		3,519,737
El Paso Corp.
7.750%, 01/15/2032		5,475,000		6,134,349
Gazprom OAO
5.092%, 11/29/2015 (S)		300,000		319,956
6.212%, 11/22/2016 (S)		3,970,000		4,421,786
10.500%, 03/08/2014		1,000,000		1,082,500
Novatek OAO
5.326%, 02/03/2016 (S)		1,100,000		1,177,275
Petrobras International Finance Company
3.875%, 01/27/2016		9,100,000		9,523,787
5.875%, 03/01/2018		10,000,000		11,233,040
Petroleos Mexicanos
5.500%, 01/21/2021		2,100,000		2,409,750
Ras Laffan Liquefied Natural Gas
Company, Ltd. III
5.838%, 09/30/2027 (S)		1,500,000		1,777,500

				43,257,505
Financials - 10.2%
Allstate Life Global Funding Trusts
5.375%, 04/30/2013		3,000,000		3,012,054
Ally Financial, Inc.
3.492%, 02/11/2014 (P)		600,000		608,844
4.625%, 06/26/2015		4,100,000		4,289,805
6.750%, 12/01/2014		2,000,000		2,145,000
7.500%, 09/15/2020		100,000		122,000
8.000%, 11/01/2031		5,100,000		6,426,000
8.300%, 02/12/2015		2,600,000		2,886,000
American Express Credit Corp.
5.875%, 05/02/2013		2,800,000		2,812,194
American International Group, Inc.
4.900%, 06/02/2014	CAD	6,100,000		6,120,696
5.050%, 10/01/2015	$	800,000		876,379
5.450%, 05/18/2017		400,000		458,385
ANZ National International, Ltd.
6.200%, 07/19/2013 (S)		3,900,000		3,967,993
Australia & New Zealand Banking
Group, Ltd.
2.125%, 01/10/2014 (S)		4,700,000		4,761,866
Banco Nacional de Desenvolvimento
Economico e Social
4.125%, 09/15/2017 (S)	EUR	1,100,000		1,522,839
Banco Santander Brasil SA
4.500%, 04/06/2015 (S)	$	600,000		624,000
Bank of America Corp.
6.500%, 08/01/2016		15,700,000		18,083,056

351

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
Bank of America NA
6.000%, 10/15/2036	$	1,400,000	$	1,680,172
Bank of China Hong Kong, Ltd.
5.550%, 02/11/2020 (S)		1,200,000		1,345,625
Bank of Montreal
1.950%, 01/30/2017 (S)		1,400,000		1,456,398
2.850%, 06/09/2015 (S)		1,000,000		1,050,100
Bank of Nova Scotia
1.650%, 10/29/2015 (S)		2,400,000		2,465,040
Barclays Bank PLC
2.375%, 01/13/2014		1,400,000		1,418,743
5.200%, 07/10/2014		2,200,000		2,319,222
BBVA Bancomer SA
4.500%, 03/10/2016 (S)		1,400,000		1,487,500
6.500%, 03/10/2021 (S)		2,900,000		3,291,500
BNP Paribas SA
1.205%, 01/10/2014 (P)		9,300,000		9,341,562
BPCE SA
2.375%, 10/04/2013 (S)		900,000		908,413
CIT Group, Inc.
5.250%, 04/01/2014 (S)		1,000,000		1,038,750
Citigroup, Inc.
0.551%, 06/09/2016 (P)		9,600,000		9,258,288
1.543%, 11/08/2013 (P)		5,100,000		5,123,154
2.293%, 08/13/2013 (P)		2,700,000		2,717,761
4.875%, 05/07/2015		2,500,000		2,665,485
5.500%, 04/11/2013		10,900,000		10,912,709
5.850%, 07/02/2013		1,000,000		1,012,895
6.125%, 08/25/2036		4,200,000		4,809,727
Credit Suisse New York
2.200%, 01/14/2014		2,200,000		2,229,383
Dexia Credit Local SA
0.780%, 09/06/2013		7,300,000		7,329,209
0.781%, 04/29/2014 (P)(S)		11,400,000		11,336,301
2.750%, 04/29/2014		7,500,000		7,629,458
2.750%, 04/29/2014 (S)		1,000,000		1,017,261
Fifth Third Bancorp
0.700%, 12/20/2016 (P)		1,200,000		1,181,314
General Electric Capital Corp.
6.875%, 01/10/2039		9,200,000		12,072,323
HSBC Bank PLC
2.000%, 01/19/2014 (S)		2,300,000		2,322,793
HSBC Holdings PLC
6.500%, 05/02/2036 to 09/15/2037		2,200,000		2,699,773
ING Bank NV
2.000%, 10/18/2013 (S)		1,200,000		1,208,431
International Lease Finance Corp.
5.750%, 05/15/2016		800,000		864,074
6.750%, 09/01/2016 (S)		2,100,000		2,373,000
Intesa Sanpaolo SpA
2.688%, 02/24/2014 (P)(S)		5,300,000		5,330,666
JPMorgan Chase & Company
0.465%, 09/26/2013 (P)	EUR	500,000		641,455
LBG Capital No.1 PLC (8.500% to
12/17/2021, then 3 month
LIBOR + 6.921%)
12/17/2021 (Q)(S)	$	700,000		746,864
Lloyds TSB Bank PLC (12.000% to
12/16/2024, then 3 month
LIBOR + 11.750%)
12/16/2024 (Q)(S)		14,700,000		19,531,229
Merrill Lynch & Company, Inc.
6.400%, 08/28/2017		4,300,000		5,048,849


Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Financials (continued)
Merrill Lynch & Company, Inc. (continued)
6.875%, 04/25/2018	$	9,100,000	$	10,988,687
Monumental Global Funding III
5.500%, 04/22/2013 (S)		2,300,000		2,306,332
Morgan Stanley
2.792%, 05/14/2013 (P)		9,400,000		9,424,666
Murray Street Investment Trust I
4.647%, 03/09/2017		6,800,000		7,438,479
National Australia Bank, Ltd.
5.350%, 06/12/2013 (S)		3,300,000		3,332,366
National Bank of Canada
2.200%, 10/19/2016 (S)		400,000		419,083
Nationwide Building Society
6.250%, 02/25/2020 (S)		5,000,000		5,855,610
Nordea Bank AB
2.125%, 01/14/2014 (S)		1,000,000		1,011,626
Pricoa Global Funding I
0.483%, 09/27/2013 (P)(S)		3,300,000		3,301,330
Principal Life Income Funding Trusts
5.300%, 04/24/2013		2,700,000		2,707,706
5.550%, 04/27/2015		4,300,000		4,718,162
Resona Bank, Ltd. (5.850% to 04/15/2016,
then 3 month LIBOR + 2.770%)
04/15/2016 (Q)(S)		700,000		754,601
RZD Capital, Ltd.
5.739%, 04/03/2017		3,100,000		3,410,000
Santander US Debt SAU
2.991%, 10/07/2013 (S)		9,500,000		9,563,546
SLM Corp.
5.375%, 05/15/2014		1,300,000		1,355,596
6.250%, 01/25/2016		7,400,000		8,084,966
State Bank of India/London
4.500%, 07/27/2015 (S)		2,900,000		3,055,150
Stone Street Trust
5.902%, 12/15/2015 (S)		7,500,000		8,151,570
Sumitomo Mitsui Banking Corp.
1.950%, 01/14/2014 (S)		2,100,000		2,118,054
The Bear Stearns Companies LLC
7.250%, 02/01/2018		43,600,000		54,207,444
The Goldman Sachs Group, Inc.
6.150%, 04/01/2018		1,200,000		1,414,660
Vnesheconombank
5.450%, 11/22/2017 (S)		1,200,000		1,302,360
Westpac Banking Corp.
3.585%, 08/14/2014 (S)		2,700,000		2,811,332

				354,315,864
Health Care - 0.2%
AbbVie, Inc.
1.056%, 11/06/2015 (P)(S)		5,700,000		5,782,399
Industrials - 0.5%
Caterpillar, Inc.
0.459%, 05/21/2013 (P)		12,800,000		12,806,861
Noble Group, Ltd.
6.750%, 01/29/2020		2,800,000		3,136,000
Odebrecht Drilling Norbe VIII/IX, Ltd.
6.350%, 06/30/2021 (S)		1,045,000		1,149,500

				17,092,361
Information Technology - 0.4%
Hewlett-Packard Company
0.568%, 05/24/2013 (P)		14,800,000		14,799,156

352

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Materials - 0.5%
Braskem Finance, Ltd.
5.750%, 04/15/2021 (S)	$	1,200,000	$	1,258,200
CSN Islands XI Corp.
6.875%, 09/21/2019 (S)		5,000,000		5,550,000
CSN Resources SA
6.500%, 07/21/2020 (S)		4,300,000		4,598,850
Gerdau Holdings, Inc.
7.000%, 01/20/2020 (S)		2,800,000		3,190,600
Gerdau Trade, Inc.
5.750%, 01/30/2021 (S)		900,000		960,750
Rohm & Haas Company
6.000%, 09/15/2017		2,100,000		2,467,177

				18,025,577
Telecommunication Services - 0.0%
Qtel International Finance, Ltd.
3.375%, 10/14/2016 (S)		200,000		210,700
4.750%, 02/16/2021 (S)		300,000		334,500

				545,200
Utilities - 0.2%
ENN Energy Holdings, Ltd.
6.000%, 05/13/2021 (S)		200,000		232,730
Nisource Finance Corp.
6.125%, 03/01/2022		4,800,000		5,749,138

				5,981,868

TOTAL CORPORATE BONDS (Cost $456,071,811)			$	502,505,288


CAPITAL PREFERRED SECURITIES - 0.2%
Financials - 0.2%
State Street Capital Trust IV
1.280%, 06/15/2037 (P)		600,000		482,250
UBS Preferred Funding Trust V (6.243%
to 05/15/2016, then 3 month
LIBOR + 1.615%)
05/15/2016 (Q)		5,400,000		5,582,250

				6,064,500

TOTAL CAPITAL PREFERRED
SECURITIES (Cost $6,137,052)			$	6,064,500


MUNICIPAL BONDS - 4.4%
American Municipal Power, Inc. (Ohio)
8.084%, 02/15/2050		2,700,000		3,953,043
Bay Area Toll Authority (California)
7.043%, 04/01/2050		4,200,000		6,025,992
California Infrastructure & Economic
Development Bank
6.486%, 05/15/2049		1,100,000		1,300,684
California State University
6.484%, 11/01/2041		2,000,000		2,291,380
Chicago Transit Authority (Illinois)
6.200%, 12/01/2040		1,300,000		1,483,222
Chicago Transit Authority,
Series A (Illinois)
6.300%, 12/01/2021		200,000		230,816
6.899%, 12/01/2040		3,400,000		4,199,544
Chicago Transit Authority,
Series B (Illinois)
6.300%, 12/01/2021		400,000		461,632
6.899%, 12/01/2040		3,300,000		4,076,028
City of Los Angeles (California)
5.713%, 06/01/2039		1,000,000		1,175,100


Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value


MUNICIPAL BONDS (continued)
City of North Las Vegas (Nevada)
6.572%, 06/01/2040	$	11,600,000	$	13,261,236
County of Clark (Nevada)
6.820%, 07/01/2045		2,200,000		3,083,344
Illinois Municipal Electric Agency
6.832%, 02/01/2035		2,700,000		3,247,047
Iowa Tobacco Settlement Authority,
Series A
6.500%, 06/01/2023		330,000		326,941
Los Angeles County Public Works
Financing Authority (California)
7.488%, 08/01/2033		500,000		654,870
7.618%, 08/01/2040		800,000		1,062,256
Los Angeles Unified School
District (California)
4.500%, 07/01/2022		6,200,000		7,035,760
6.758%, 07/01/2034		3,300,000		4,478,925
New Jersey State Turnpike Authority
7.414%, 01/01/2040		12,000,000		17,529,840
New York City Municipal Water Finance
Authority (New York)
5.882%, 06/15/2044		5,100,000		6,746,637
6.011%, 06/15/2042		1,000,000		1,348,860
6.282%, 06/15/2042		5,100,000		6,047,784
New York State Dormitory Authority
5.000%, 03/15/2031		1,000,000		1,152,770
New York State Thruway Authority
5.000%, 01/01/2042		9,100,000		9,984,702
New York State Urban Development Corp.
5.000%, 03/15/2027		2,295,000		2,667,387
North Carolina Turnpike Authority
6.700%, 01/01/2039		3,000,000		3,537,630
Northern Tobacco Securitization Corp.
(Alaska)
5.000%, 06/01/2046		7,500,000		6,660,225
Pennsylvania Turnpike Commission
5.000%, 12/01/2028		2,295,000		2,636,289
Public Power Generation Agency
(Nebraska)
7.242%, 01/01/2041		500,000		595,780
State of California
5.650%, 04/01/2039 (P)		1,200,000		1,204,392
7.500%, 04/01/2034		1,300,000		1,819,727
7.550%, 04/01/2039		1,300,000		1,878,240
7.600%, 11/01/2040		2,600,000		3,795,948
State of Iowa
6.750%, 06/01/2034		6,400,000		7,530,176
State of Washington - Series C
5.000%, 06/01/2041		7,800,000		8,766,732
State of Wisconsin
5.050%, 05/01/2018		200,000		229,700
Tobacco Settlement Financing Corp.
(Rhode Island)
6.250%, 06/01/2042		500,000		515,000
University of California
6.398%, 05/15/2031		500,000		618,375
6.548%, 05/15/2048		7,300,000		9,636,438

TOTAL MUNICIPAL BONDS (Cost $126,507,049)			$	153,250,452

353

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value


TERM LOANS (M) - 0.2%
Financials - 0.2%
Springleaf Finance Funding Company
5.500%, 05/10/2017	$	7,100,000	$	7,139,938

TOTAL TERM LOANS (Cost $7,073,678)			$	7,139,938


COLLATERALIZED MORTGAGE
OBLIGATIONS - 5.1%
Commercial & Residential - 4.4%
American Home Mortgage
Investment Trust, Series 2004-4,
Class 4A
2.457%, 02/25/2045 (P)		674,064		658,287
Arran Residential Mortgages
Funding PLC, Series 2010-1A,
Class A2B
1.626%, 05/16/2047 (P)(S)	EUR	4,988,301		6,499,021
Banc of America Large Loan, Inc.,
Series 2010-HLTN, Class HLTN
2.503%, 11/15/2015 (P)(S)	$	2,443,335		2,456,954
Bank of America Funding Corp.
Series 2005-D, Class A1,
2.631%, 05/25/2035 (P)		1,068,081		1,092,585
Series 2004-A, Class 1A3,
5.602%, 09/20/2034 (P)		174,705		183,965
Bank of America Mortgage
Securities Trust, Series 2004-2,
Class 5A1
6.500%, 10/25/2031		9,661		10,206
BCAP LLC Trust
Series 2011-RR4, Class 8A1,
5.250%, 02/26/2036 (S)		3,191,950		2,996,312
Series 2011-RR5, Class 5A1,
5.250%, 08/26/2037 (S)		7,928,526		8,405,121
Series 2011-RR5, Class 12A1,
5.575%, 03/26/2037 (P)(S)		600,000		565,505
Bear Stearns Adjustable
Rate Mortgage Trust
Series 2005-2, Class A1,
2.600%, 03/25/2035 (P)		9,809,892		9,870,890
Series 2004-6, Class 1A1,
2.804%, 09/25/2034 (P)		80,393		71,894
Series 2002-11, Class 1A2,
2.959%, 02/25/2033 (P)		120,038		109,176
Series 2003-8, Class 2A1,
3.068%, 01/25/2034 (P)		602,454		610,554
Series 2004-7, Class 1A1,
3.115%, 10/25/2034 (P)		60,321		52,396
Series 2004-3, Class 1A2,
3.129%, 07/25/2034 (P)		47,280		45,897
Series 2004-9, Class 22A1,
3.485%, 11/25/2034 (P)		672,781		675,010
Bear Stearns Alt-A Trust
Series 2006-8, Class 3A1,
0.364%, 02/25/2034 (P)		1,614,354		1,548,645
Series 2005-4, Class 23A1,
2.768%, 05/25/2035 (P)		2,218,930		2,016,956
Series 2005-7, Class 22A1,
2.926%, 09/25/2035 (P)		1,278,695		1,075,973
Series 2004-9, Class 2A1,
2.979%, 09/25/2034 (P)		91,708		80,079
Bear Stearns Commercial
Mortgage Securities
Series 2007-T26, Class A4,
5.471%, 01/12/2045 (P)		2,000,000		2,303,016


Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial & Residential (continued)
Bear Stearns Commercial Mortgage
Securities (continued)
Series 2007-PW18, Class A4,
5.700%, 06/11/2050	$	5,200,000	$	6,094,031
Citigroup Mortgage Loan Trust, Inc.
Series 2005-6, Class A1,
2.270%, 09/25/2035 (P)		9,295,238		9,197,145
Series 2005-11, Class A2A,
2.570%, 10/25/2035 (P)		425,653		417,363
Countrywide Alternative Loan Trust
Series 2007-OA6, Class A1B,
0.404%, 06/25/2037 (P)		10,526,638		8,549,925
Series 2003-J3, Class 2A1,
6.250%, 12/25/2033		24,419		25,850
Countrywide Home Loan Mortgage
Pass Through Trust
Series 2005-3, Class 1A2,
0.494%, 04/25/2035 (P)		320,676		260,228
Series 2005-HYB9, Class 3A2A,
2.783%, 02/20/2036 (P)		476,215		413,439
Series 2004-HYB9, Class 1A1,
2.800%, 02/20/2035 (P)		3,082,037		2,936,155
Series 2004-22, Class A3,
2.927%, 11/25/2034 (P)		1,817,011		1,702,237
Series 2004-12, Class 11A2,
3.057%, 08/25/2034 (P)		55,784		49,635
Series 2003-R4, Class 2A,
6.500%, 01/25/2034 (P)(S)		134,462		139,236
Credit Suisse First Boston Mortgage
Securities Corp., Series 2004-AR8,
Class 2A1
2.804%, 09/25/2034 (P)		186,089		188,888
Credit Suisse Mortgage Capital
Certificates, Series 2007-C5, Class A4 ,
5.695%, 09/15/2040 (P)		11,200,000		12,927,611
European Loan Conduit, Series 25X,
Class A
0.376%, 05/15/2019 (P)	EUR	207,224		251,685
First Nationwide Trust, Series 2001-3,
Class 1A1
6.750%, 08/21/2031	$	2,770		2,859
GMAC Mortgage Corp Loan Trust,
Series 2005-AR6, Class 3A1
3.642%, 11/19/2035 (P)		494,819		473,080
Greenpoint Mortgage Funding Trust,
Series 2006-AR6, Class A1A
0.284%, 10/25/2046 (P)		5		5
Greenwich Capital
Commercial Funding Corp.
Series 2005-GG3, Class A4,
4.799%, 08/10/2042 (P)		300,000		316,658
Series 2007-GG9, Class A4,
5.444%, 03/10/2039		1,600,000		1,824,163
GS Mortgage Securities Corp. II,
Series 2007-EOP, Class A1
1.103%, 03/06/2020 (P)(S)		2,337,719		2,338,397
GSR Mortgage Loan Trust,
Series 2005-AR7, Class 6A1
5.111%, 11/25/2035 (P)		1,580,614		1,554,327
Harborview Mortgage Loan Trust,
Series 2005-2, Class 2A1A
0.423%, 05/19/2035 (P)		454,882		372,561

354

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial & Residential (continued)
Holmes Master Issuer PLC,
Series 2011-1A, Class A3
1.545%, 10/15/2054 (P)(S)	EUR	2,656,995	$	3,436,792
HomeBanc Mortgage Trust, Series 2005-4,
Class A1
0.474%, 10/25/2035 (P)	$	7,058,787		5,926,586
Impac CMB Trust, Series 2004-6,
Class 1A2
0.984%, 10/25/2034 (P)		11,162,036		10,242,507
IndyMac ARM Trust, Series 2001-H2,
Class A2
1.820%, 01/25/2032 (P)		6,659		6,275
JPMorgan Chase Commercial
Mortgage Securities Corp.
Series 2010-C2, Class A3,
4.070%, 11/15/2043 (S)		5,000,000		5,562,810
Series 2007-LDPX, Class A3,
5.420%, 01/15/2049		500,000		568,636
Series 2007-LD12, Class A4,
5.882%, 02/15/2051 (P)		1,200,000		1,396,694
JPMorgan Mortgage Trust
Series 2005-A1, Class 6T1,
4.863%, 02/25/2035 (P)		360,803		365,113
Series 2005-S3, Class 1A2,
5.750%, 01/25/2036		217,078		204,441
Mellon Residential Funding Corp.,
Series 2000-TBC2, Class A1
0.683%, 06/15/2030 (P)		1,176,969		1,163,547
Merrill Lynch Mortgage Investors, Inc.
Series 2005-A10, Class A,
0.414%, 02/25/2036 (P)		964,837		856,747
Series 2005-3, Class 5A,
0.454%, 11/25/2035 (P)		888,786		834,961
Series 2005-A6, Class 2A3,
0.584%, 08/25/2035 (P)		3,200,000		2,720,835
Series 2005-2, Class 3A,
1.204%, 10/25/2035 (P)		463,798		461,876
Merrill Lynch/Countrywide Commercial
Mortgage Trust, Series 2007-6,
Class A4
5.485%, 03/12/2051 (P)		1,300,000		1,476,220
Morgan Stanley Capital I Trust
Series 2007-IQ14, Class A2FX,
5.610%, 04/15/2049		2,117,083		2,139,655
Series 2007-IQ16, Class A4,
5.809%, 12/12/2049		400,000		466,696
Morgan Stanley Re-REMIC Trust,
Series 2009-GG10, Class A4A
5.787%, 08/12/2045 (P)(S)		1,300,000		1,494,020
Nomura Asset Acceptance Corp.,
Series 2004-R1, Class A2
7.500%, 03/25/2034 (S)		196,429		212,405
Prime Mortgage Trust
Series 2004-CL1, Class 2A2,
0.604%, 02/25/2019 (P)		8,572		8,412
Series 2004-CL1, Class 1A2,
0.604%, 02/25/2034 (P)		220,780		215,017
RBSSP Resecuritization Trust
Series 2011-4, Class 6A1,
0.442%, 06/27/2036 (P)(S)		3,200,000		2,503,763
Series 2011-3, Class 2A1,
0.454%, 02/26/2037 (P)(S)		4,083,907		3,476,724


Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial & Residential (continued)
Residential Funding Mortgage
Securities I Trust, Series 2004-S9,
Class 1A23
5.500%, 12/25/2034	$	300,000	$	308,143
Structured Adjustable Rate Mortgage
Loan Trust, Series 2004-8, Class 3A
2.639%, 07/25/2034 (P)		166,380		164,996
Structured Asset
Mortgage Investments, Inc.
Series 2005-AR2, Class 2A1,
0.434%, 05/25/2045 (P)		40,145		30,466
Series 2005-AR5, Class A3,
0.453%, 07/19/2035 (P)		1,908,365		1,875,118
Structured Asset Securities Corp.
Series 2001-21A, Class 1A1,
2.531%, 01/25/2032 (P)		18,281		16,461
Series 2002-1A, Class 4A,
2.584%, 02/25/2032 (P)		16,843		17,196
Series 2006-11, Class A1,
2.739%, 10/28/2035 (P)(S)		682,818		600,105
Wachovia Bank Commercial
Mortgage Trust, Series 2007-WHL8,
Class A1
0.283%, 06/15/2020 (P)(S)		2,925,383		2,884,038
WaMu Mortgage Pass-
Through Certificates
Series 2005-AR6, Class 2A1A,
0.434%, 04/25/2045 (P)		44,162		40,579
Series 2005-AR13, Class A1A1,
0.494%, 10/25/2045 (P)		439,961		407,868
Series 2005-AR2, Class 2A1A,
0.514%, 01/25/2045 (P)		25,244		24,266
Series 2002-AR17, Class 1A,
1.377%, 11/25/2042 (P)		200,676		191,418
Series 2002-AR6, Class A,
1.577%, 06/25/2042 (P)		7,977		7,667
Series 2002-AR9, Class 1A,
1.577%, 08/25/2042 (P)		672,399		642,096
Series 2002-AR2, Class A,
2.212%, 02/27/2034 (P)		69,288		70,219
Washington Mutual MSC Mortgage Pass-
Through CTFS, Series 2003-AR1,
Class 2A
2.233%, 02/25/2033 (P)		91,090		89,203
Wells Fargo Mortgage
Backed Securities Trust
Series 2004-CC, Class A1,
2.610%, 01/25/2035 (P)		1,478,883		1,473,643
Series 2006-AR2, Class 2A1,
2.641%, 03/25/2036 (P)		2,038,731		2,043,959
Series 2006-AR2, Class 2A5,
2.641%, 03/25/2036 (P)		6,116,194		5,888,469

				153,880,562
U.S. Government Agency - 0.7%
Federal Home Loan Mortgage Corp.
Series 3335, Class BF,
0.353%, 07/15/2019 (P)		999,104		998,563
Series 3335, Class FT,
0.353%, 08/15/2019 (P)		2,593,769		2,592,474
Series 3149, Class LF,
0.503%, 05/15/2036 (P)		1,354,910		1,354,540

355

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value


COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal Home Loan Mortgage Corp. (continued)
Series T-63, Class 1A1,
1.375%, 02/25/2045 (P)	$	195,267	$	187,949
Series 2901, Class UB,
5.000%, 03/15/2033		426,068		435,974
Series 2906, Class GZ,
5.000%, 09/15/2034		452,789		515,517
Series 2935, Class HJ,
5.000%, 02/15/2035		400,000		453,071
Series 2941, Class WE,
5.000%, 03/15/2035		400,000		442,396
Series 2489, Class PE,
6.000%, 08/15/2032		375,128		416,672
Series 2503, Class PZ,
6.000%, 09/15/2032		1,416,325		1,582,677
Series 2362, Class ZA,
6.500%, 09/15/2031		377,598		434,828
Series 2204, Class Z,
7.500%, 12/20/2029		512,486		600,155
Series 2247, Class Z,
7.500%, 08/15/2030		264,843		312,899
Federal National Mortgage Association
Series 2007-73, Class A1,
0.264%, 07/25/2037 (P)		128,987		122,625
Series 2004-11, Class A,
0.324%, 03/25/2034 (P)		28,311		28,054
Series 2007-30, Class AF,
0.514%, 04/25/2037 (P)		1,697,071		1,700,971
Series 2004-W2, Class 1A3F,
0.554%, 02/25/2044 (P)		32,223		32,072
Series 2003-116, Class FA,
0.604%, 11/25/2033 (P)		146,628		147,081
Series 2005-75, Class FL,
0.654%, 09/25/2035 (P)		3,493,762		3,517,251
Series 2006-5, Class 3A2,
2.640%, 05/25/2035 (P)		215,575		226,639
Series 2005-9, Class ZA,
5.000%, 02/25/2035		751,516		840,565
Series 2002-56, Class ZQ,
6.000%, 09/25/2032		5,129,426		5,828,741
Series 2004-T1, Class 1A1,
6.000%, 01/25/2044		118,338		138,993
Series 2003-W1, Class 1A1,
6.121%, 12/25/2042 (P)		331,082		385,097
Government National
Mortgage Association
Series 2004-105, Class JZ,
5.000%, 12/20/2034		150,930		157,914
Series 2005-3, Class JZ,
5.000%, 01/16/2035		150,303		167,484
Series 2005-3, Class KZ,
5.000%, 01/16/2035		150,303		167,207
Series 2005-21, Class Z,
5.000%, 03/20/2035		1,192,468		1,391,489

				25,179,898

TOTAL COLLATERALIZED MORTGAGE
OBLIGATIONS (Cost $170,393,166)			$	179,060,460


Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value


ASSET BACKED SECURITIES - 1.4%
Bear Stearns Asset Backed
Securities Trust, Series 2007-HE5,
Class 1A1
0.294%, 06/25/2047 (P)	$	170,848	$	169,261
Countrywide Asset Backed Certificates,
Series 2005-14, Class 3A3
0.554%, 04/25/2036 (P)		2,718,270		2,512,337
Duane Street CLO I, Ltd.,
Series 2005-1A, Class A
0.543%, 11/08/2017 (P)(S)		13,363,207		13,323,050
EMC Mortgage Loan Trust,
Series 2001-A Class A
0.944%, 05/25/2040 (P)(S)		709,385		666,061
GSRPM Mortgage Loan Trust,
Series 2003-1, Class A2
1.604%, 01/25/2032 (P)		1,617		1,617
Hillmark Funding, Series 2006-1A,
Class A1
0.539%, 05/21/2021 (P)(S)		10,800,000		10,476,464
Long Beach Mortgage Loan Trust,
Series 2004-4, Class 1A1
0.764%, 10/25/2034 (P)		86,584		77,526
Mastr Asset Backed Securities Trust,
Series 2007-HE1, Class A1
0.284%, 05/25/2037 (P)		121,393		120,050
Morgan Stanley ABS Capital I Inc Trust,
Series 2006-WMC1, Class A2C
0.514%, 12/25/2035 (P)		5,500,000		4,033,898
Penta CLO SA, Series 2007-1X, Class A1
0.564%, 06/04/2024 (P)	EUR	1,065,138		1,300,614
RASC Trust, Series 2005-KS4, Class M2
0.784%, 05/25/2035 (P)	$	3,404,000		3,191,985
SLC Student Loan Trust, Series 2009-AA,
Class A
4.750%, 06/15/2033 (P)(S)		605,277		574,863
SLM Student Loan Trust
Series 2008-9, Class A,
1.801%, 04/25/2023 (P)		10,324,131		10,740,410
Series 2010-C, Class A2,
2.853%, 12/16/2019 (P)(S)		1,000,000		1,027,027
Soundview Home Equity Loan Trust,
Series 2007-OPT1, Class 2A1
0.284%, 06/25/2037 (P)		698,004		664,155

TOTAL ASSET BACKED SECURITIES (Cost $47,607,341)			$	48,879,318


PREFERRED SECURITIES - 0.5%
Financials - 0.5%
DG Funding Trust, 2.534% (P)(S)		981	$	8,566,307
Sovereign Real Estate
Investment Trust, 12.000% (S)		6,520		8,377,326

				16,943,633

TOTAL PREFERRED SECURITIES (Cost $18,902,571)			$	16,943,633


SHORT-TERM INVESTMENTS - 2.7%
Commercial Paper - 1.0%
Itau Unibanco Holding SA
0.010%, 10/31/2013 *	$	23,000,000	$	22,798,892
0.010%, 11/08/2013 *		11,700,000		11,593,855

				34,392,747
U.S. Government - 0.0%
U.S. Treasury Bill
0.149%, 01/09/2014 (D)*		350,000		349,639

356

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value


SHORT-TERM INVESTMENTS (continued)
Repurchase Agreement - 1.7%
Royal Bank of Canada Repurchase
Agreement dated 03/28/2013 at 0.230%
to be repurchased at $61,401,569 on
04/01/2013, collateralized by
$62,731,000 U.S. Treasury Note,
0.250% due 09/15/2015 (valued at
$62,672,829, including interest)
	$	61,400,000	$	61,400,000
Repurchase Agreement with State
Street Corp. dated 03/28/2013 at
0.010% to be repurchased at $307,000
on 04/01/2013, collateralized by
$315,000 U.S. Treasury Note, 0.250%
due 09/15/2015 (valued at $314,606,
including interest)
		307,000		307,000

				61,707,000

TOTAL SHORT-TERM INVESTMENTS (Cost $96,449,386)			$	96,449,386

Total Investments (Total Return Trust)
(Cost $4,287,028,439) - 126.4%			$	4,408,565,954
Other assets and liabilities, net - (26.4%)				(921,699,046)

TOTAL NET ASSETS - 100.0%			$	3,486,866,908




Total Stock Market Index Trust
		Shares or
		Principal
		Amount		Value


COMMON STOCKS - 96.0%
Consumer Discretionary - 12.5%
Auto Components - 0.4%
Allison Transmission Holdings, Inc.		4,234	$	101,658
American Axle &
Manufacturing Holdings, Inc. (I)		1,888		25,771
Autoliv, Inc. (L)		2,223		153,698
BorgWarner, Inc. (I)(L)		2,665		206,111
Cooper Tire & Rubber Company		1,356		34,795
Dana Holding Corp.		3,498		62,369
Dorman Products, Inc. (L)		912		33,936
Drew Industries, Inc.		570		20,697
Exide Technologies (I)		2,107		5,689
Federal-Mogul Corp. (I)		2,412		14,544
Fuel Systems Solutions, Inc. (I)		460		7,576
Gentex Corp.		3,389		67,814
Gentherm, Inc. (I)		736		12,056
Icahn Enterprises LP		1,956		106,622
Johnson Controls, Inc.		15,751		552,388
Lear Corp.		2,226		122,141
Modine Manufacturing Company (I)		1,531		13,932
Motorcar Parts of America, Inc. (I)		567		3,476
Shiloh Industries, Inc.		268		2,886
Standard Motor Products, Inc.		572		15,856
Stoneridge, Inc. (I)		1,284		9,797
Strattec Security Corp.		167		4,748
Tenneco, Inc. (I)		1,435		56,410
The Goodyear Tire & Rubber Company (I)		5,479		69,090
Tower International, Inc. (I)		847		11,858
TRW Automotive Holdings Corp. (I)		2,797		153,835
UQM Technologies, Inc. (I)		2,453		1,815


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Auto Components (continued)
Visteon Corp. (I)	1,239	$	71,490

			1,943,058
Automobiles - 0.6%
Ford Motor Company	87,637		1,152,427
General Motors Company (I)	36,052		1,002,967
Harley-Davidson, Inc.	5,223		278,386
Tesla Motors, Inc. (I)(L)	2,474		93,740
Thor Industries, Inc. (L)	1,235		45,436
Winnebago Industries, Inc. (I)	135		2,786

			2,575,742
Distributors - 0.1%
Core-Mark Holding Company, Inc.	337		17,291
Educational Development Corp.	1,013		3,870
Genuine Parts Company (L)	3,600		280,800
LKQ Corp. (I)	6,796		147,881
Pool Corp.	1,076		51,648
VOXX International Corp. (I)	569		6,094
Weyco Group, Inc.	372		9,118

			516,702
Diversified Consumer Services - 0.2%
American Public Education, Inc. (I)(L)	453		15,805
Apollo Group, Inc., Class A (I)	2,593		45,092
Ascent Capital Group, Inc., Class A (I)	363		27,022
Bridgepoint Education, Inc. (I)(L)	1,143		11,693
Capella Education Company (I)	323		10,058
Career Education Corp. (I)	1,814		4,299
Carriage Services, Inc.	634		13,473
Coinstar, Inc. (I)(L)	754		44,049
Collectors Universe, Inc.	520		6,120
Corinthian Colleges, Inc. (I)(L)	2,076		4,360
DeVry, Inc. (L)	1,447		45,942
Education Management Corp. (I)(L)	3,020		11,083
Grand Canyon Education, Inc. (I)	1,133		28,767
H&R Block, Inc.	6,192		182,169
Hillenbrand, Inc.	1,394		35,240
ITT Educational Services, Inc. (I)	608		8,378
K12, Inc. (I)(L)	824		19,867
Learning Tree International, Inc. (I)	519		1,920
Lifelock, Inc. (I)	1,507		14,512
Lincoln Educational Services Corp.	678		3,973
Matthews International Corp., Class A	631		22,016
Regis Corp. (L)	1,321		24,029
School Specialty, Inc. (I)(L)	600		42
Service Corp. International	4,780		79,969
Sotheby’s	1,604		60,006
Steiner Leisure, Ltd. (I)	379		18,328
Stewart Enterprises, Inc., Class A (L)	2,374		22,054
Stonemor Partners LP	631		15,851
Strayer Education, Inc.	266		12,869
Universal Technical Institute, Inc.	601		7,591
Weight Watchers International, Inc. (L)	1,290		54,322

			850,899
Hotels, Restaurants & Leisure - 2.1%
AFC Enterprises, Inc. (I)	121		4,396
Ambassadors Group, Inc.	714		3,077
Ameristar Casinos, Inc.	831		21,797
Bally Technologies, Inc. (I)(L)	884		45,941
Biglari Holdings, Inc. (I)	46		17,167
BJ’s Restaurants, Inc. (I)(L)	673		22,397
Bloomin’ Brands, Inc. (I)	2,674		47,784
Bluegreen Corp. (I)	986		9,702

357

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Hotels, Restaurants & Leisure (continued)
Bob Evans Farms, Inc.	748	$	31,880
Boyd Gaming Corp. (I)(L)	2,162		17,880
Bravo Brio Restaurant Group, Inc. (I)	563		8,912
Brinker International, Inc. (L)	1,629		61,332
Buffalo Wild Wings, Inc. (I)(L)	443		38,776
Caesars Entertainment Corp. (I)(L)	2,966		47,041
Carnival Corp.	13,807		473,580
Carrols Restaurant Group, Inc. (I)	1,012		5,252
CEC Entertainment, Inc.	416		13,624
Cedar Fair LP	1,308		52,019
Chipotle Mexican Grill, Inc. (I)	725		236,256
Choice Hotels International, Inc. (L)	1,424		60,249
Churchill Downs, Inc.	397		27,806
Chuy’s Holdings, Inc. (I)	174		5,669
Cracker Barrel Old Country Store, Inc.	552		44,629
Darden Restaurants, Inc.	2,975		153,748
Del Frisco’s Restaurant Group, Inc. (I)	262		4,349
Denny’s Corp. (I)	2,764		15,948
DineEquity, Inc.	453		31,162
Domino’s Pizza, Inc.	1,357		69,804
Dover Downs Gaming & Entertainment, Inc.	2,511		5,223
Dunkin’ Brands Group, Inc.	2,413		88,991
Einstein Noah Restaurant Group, Inc.	496		7,356
Famous Dave’s of America, Inc. (I)	354		3,844
Fiesta Restaurant Group, Inc. (I)	48		1,275
Frisch’s Restaurants, Inc.	300		5,382
Hyatt Hotels Corp., Class A (I)	3,785		163,626
Ignite Restaurant Group, Inc. (I)	320		4,698
International Game Technology	6,105		100,733
International Speedway Corp., Class A	1,141		37,288
Interval Leisure Group, Inc.	1,455		31,632
Isle of Capri Casinos, Inc. (I)	996		6,265
Jack in the Box, Inc. (I)(L)	1,138		39,363
Jamba, Inc. (I)	2,705		7,709
Krispy Kreme Doughnuts, Inc. (I)	1,678		24,230
Las Vegas Sands Corp.	18,921		1,066,198
Life Time Fitness, Inc. (I)	1,011		43,251
Luby’s, Inc. (I)	958		7,166
Marcus Corp.	655		8,181
Marriott International, Inc., Class A	7,459		314,994
Marriott Vacations Worldwide Corp. (I)	845		36,259
McDonald’s Corp.	23,197		2,312,509
MGM Resorts International (I)	11,228		147,648
MTR Gaming Group, Inc. (I)	755		2,492
Multimedia Games Holding Company, Inc. (I)	748		15,611
Orient-Express Hotels, Ltd., Class A (I)	3,043		30,004
Panera Bread Company, Class A (I)	679		112,198
Papa John’s International, Inc. (I)	556		34,372
Penn National Gaming, Inc. (I)	1,750		95,253
Pinnacle Entertainment, Inc. (I)	1,136		16,608
Rick’s Cabaret International, Inc. (I)	508		4,491
Royal Caribbean Cruises, Ltd.	4,979		165,402
Ruby Tuesday, Inc. (I)	1,530		11,276
Ruth’s Hospitality Group, Inc. (I)	855		8,157
Scientific Games Corp., Class A (I)	2,110		18,463
SHFL Entertainment, Inc. (I)	1,236		20,481
Six Flags Entertainment Corp.	1,223		88,643
Sonic Corp. (I)	1,609		20,724
Speedway Motorsports, Inc.	1,119		20,131
Starbucks Corp.	17,469		995,034
Starwood Hotels & Resorts Worldwide, Inc.	4,568		291,119
Texas Roadhouse, Inc.	1,780		35,938
The Cheesecake Factory, Inc. (L)	1,261		48,687


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Hotels, Restaurants & Leisure (continued)
The Wendy’s Company (L)	9,313	$	52,805
Town Sports International Holdings, Inc.	871		8,240
Vail Resorts, Inc. (L)	847		52,785
WMS Industries, Inc. (I)	1,032		26,017
Wyndham Worldwide Corp.	3,275		211,172
Wynn Resorts, Ltd.	2,318		290,121
Yum! Brands, Inc.	10,484		754,219

			9,466,441
Household Durables - 0.5%
American Greetings Corp., Class A (L)	470		7,567
Bassett Furniture Industries, Inc.	559		8,922
Beazer Homes USA, Inc. (I)	590		9,346
Blyth, Inc. (L)	424		7,361
Cavco Industries, Inc. (I)	228		10,846
CSS Industries, Inc.	310		8,051
D.R. Horton, Inc. (L)	7,276		176,807
Ethan Allen Interiors, Inc. (L)	771		25,381
Furniture Brands International, Inc. (I)(L)	1,851		1,851
Harman International Industries, Inc.	1,513		67,525
Helen of Troy, Ltd. (I)	744		28,540
Hovnanian Enterprises, Inc., Class A (I)(L)	3,216		18,556
iRobot Corp. (I)(L)	671		17,218
Jarden Corp. (I)(L)	2,753		117,945
KB Home	1,721		37,466
Kid Brands, Inc. (I)	1,087		1,685
La-Z-Boy, Inc.	1,265		23,871
Leggett & Platt, Inc. (L)	3,208		108,366
Lennar Corp., Class A (L)	4,346		180,272
Libbey, Inc. (I)	573		11,076
Lifetime Brands, Inc.	530		6,047
M/I Homes, Inc. (I)(L)	534		13,056
MDC Holdings, Inc.	1,172		42,954
Meritage Homes Corp. (I)	836		39,175
Mohawk Industries, Inc. (I)	1,607		181,784
NACCO Industries, Inc., Class A	208		11,099
Newell Rubbermaid, Inc.	6,596		172,156
NVR, Inc. (I)	111		119,892
PulteGroup, Inc. (I)(L)	8,796		178,031
Skullcandy, Inc. (I)	724		3,823
Standard Pacific Corp. (I)	4,893		42,276
Tempur-Pedic International, Inc. (I)	1,334		66,206
The Ryland Group, Inc. (L)	1,096		45,616
Toll Brothers, Inc. (I)	3,880		132,851
Tupperware Brands Corp.	1,244		101,685
Universal Electronics, Inc. (I)	417		9,695
Whirlpool Corp.	1,784		211,333

			2,246,331
Internet & Catalog Retail - 1.0%
1-800-Flowers.com, Inc., Class A (I)	2,046		10,169
Amazon.com, Inc. (I)	10,392		2,769,364
Blue Nile, Inc. (I)	298		10,266
CafePress, Inc. (I)	462		2,777
Expedia, Inc.	3,102		186,151
Gaiam, Inc., Class A (I)	955		4,011
Groupon, Inc. (I)	15,040		92,045
HomeAway, Inc. (I)	1,918		62,335
HSN, Inc.	1,254		68,794
Kayak Software Corp. (I)	737		29,451
Liberty Interactive Corp., Series A (I)	12,781		273,258
Liberty Ventures, Series A (I)	558		42,174
Netflix, Inc. (I)	1,263		239,225
Nutrisystem, Inc.	805		6,826

358

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (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)
Orbitz Worldwide, Inc. (I)	2,566	$	14,652
Overstock.com, Inc. (I)	201		2,476
PetMed Express, Inc.	711		9,538
priceline.com, Inc. (I)	1,146		788,368
Shutterfly, Inc. (I)(L)	874		38,605
TripAdvisor, Inc. (I)(L)	2,993		157,192
US Auto Parts Network, Inc. (I)	1,067		1,280
ValueVision Media, Inc. (I)	1,151		3,982
Vitacost.com, Inc. (I)(L)	888		6,420

			4,819,359
Leisure Equipment & Products - 0.2%
Arctic Cat, Inc. (I)	325		14,203
Black Diamond, Inc. (I)	814		7,416
Brunswick Corp.	1,979		67,721
Callaway Golf Company	1,516		10,036
Hasbro, Inc. (L)	2,938		129,096
LeapFrog Enterprises, Inc. (I)(L)	1,585		13,568
Marine Products Corp. (L)	1,228		9,038
Mattel, Inc.	7,767		340,117
Nautilus, Inc. (I)	1,477		10,782
Polaris Industries, Inc. (L)	1,555		143,822
Smith & Wesson Holding Corp. (I)(L)	1,795		16,155
Steinway Musical Instruments, Inc. (I)	327		7,855
Sturm Ruger & Company, Inc. (L)	479		24,300

			794,109
Media - 3.6%
AH Belo Corp., Class A	745		4,351
AMC Networks, Inc., Class A (I)	1,696		107,153
Arbitron, Inc.	442		20,717
Ballantyne Strong, Inc. (I)	629		2,661
Belo Corp., Class A	2,716		26,698
Cablevision Systems Corp., Class A	6,446		96,432
Carmike Cinemas, Inc. (I)	454		8,226
CBS Corp., Class B	14,734		687,930
Charter Communications, Inc., Class A (I)	2,304		240,031
Cinemark Holdings, Inc.	2,602		76,603
Clear Channel Outdoor
Holdings, Inc., Class A (I)	8,558		64,099
Comcast Corp., Class A	61,289		2,574,751
Crown Media Holdings, Inc., Class A (I)	6,814		13,969
Cumulus Media, Inc., Class A (I)(L)	3,719		12,533
Digital Generation, Inc. (I)(L)	594		3,819
DIRECTV (I)	14,424		816,543
Discovery Communications, Inc., Class A (I)	5,697		448,582
DISH Network Corp., Class A	10,345		392,076
DreamWorks Animation
SKG, Inc., Class A (I)(L)	2,049		38,849
Entercom
Communications Corp., Class A (I)(L)	1,104		8,214
Fisher Communications, Inc.	324		12,714
Gannett Company, Inc. (L)	5,296		115,824
Harte-Hanks, Inc.	1,351		10,524
John Wiley & Sons, Inc., Class A (L)	1,356		52,830
Journal Communications, Inc., Class A (I)	1,689		11,350
Lamar Advertising Company, Class A (I)	2,104		102,275
Liberty Global, Inc., Class A (I)(L)	6,123		449,428
Liberty Media Corp. (I)	2,746		306,536
LIN TV Corp., Class A (I)	1,443		15,859
Lions Gate Entertainment Corp. (I)	3,167		75,280
Live Nation Entertainment, Inc. (I)	4,343		53,723
LodgeNet Interactive Corp. (I)	1,135		11


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Media (continued)
Martha Stewart Living
Omnimedia, Inc., Class A (I)	2,837	$	7,490
Media General, Inc., Class A (I)	932		5,536
Meredith Corp. (L)	915		35,008
Morningstar, Inc.	1,081		75,584
National CineMedia, Inc.	859		13,555
News Corp., Class A	54,379		1,659,647
Nexstar Broadcasting Group, Inc., Class A	858		15,444
Omnicom Group, Inc.	6,092		358,819
Pandora Media, Inc. (I)	3,852		54,544
ReachLocal, Inc. (I)	903		13,509
Regal Entertainment Group, Class A (L)	3,500		58,345
Rentrak Corp. (I)	448		9,847
Scholastic Corp. (L)	703		18,735
Scripps Networks Interactive, Inc., Class A	3,449		221,909
Shutterstock, Inc. (I)	637		28,652
Sinclair Broadcast Group, Inc., Class A	2,125		43,010
Sirius XM Radio, Inc.	119,755		368,845
Starz - Liberty Capital (I)	2,746		60,824
The EW Scripps Company, Class A (I)	1,326		15,952
The Interpublic Group of Companies, Inc.	9,986		130,118
The Madison Square Garden, Inc., Class A (I)	1,739		100,166
The McClatchy Company, Class A (I)	2,673		7,752
The McGraw-Hill Companies, Inc.	6,431		334,926
The New York Times Company, Class A (I)	3,548		34,770
The Walt Disney Company	41,259		2,343,511
The Washington Post Company, Class B	172		76,884
Thomson Reuters Corp.	18,750		609,000
Time Warner Cable, Inc.	7,044		676,647
Time Warner, Inc.	21,847		1,258,824
Valassis Communications, Inc. (L)	784		23,418
Value Line, Inc.	353		3,325
Viacom, Inc., Class B	11,859		730,159
Virgin Media, Inc.	6,143		300,823
World Wrestling
Entertainment, Inc., Class A (L)	2,108		18,593

			16,564,762
Multiline Retail - 0.7%
Big Lots, Inc. (I)(L)	1,333		47,015
Dillard’s, Inc., Class A (L)	1,068		83,891
Dollar General Corp. (I)	7,694		389,163
Dollar Tree, Inc. (I)	5,307		257,018
Family Dollar Stores, Inc.	2,697		159,258
Fred’s, Inc., Class A	1,098		15,021
Gordmans Stores, Inc. (I)	629		7,366
J.C. Penney Company, Inc.	5,008		75,671
Kohl’s Corp.	5,421		250,071
Macy’s, Inc.	9,275		388,066
Nordstrom, Inc.	4,601		254,113
Saks, Inc. (I)	3,627		41,602
Sears Canada, Inc.	1,086		10,491
Sears Holdings Corp. (I)(L)	2,448		122,327
Target Corp.	15,064		1,031,131
The Bon-Ton Stores, Inc.	139		1,807

			3,134,011
Specialty Retail - 2.3%
Aaron’s, Inc.	1,760		50,477
Abercrombie & Fitch Company, Class A	1,885		87,087
Advance Auto Parts, Inc.	1,706		141,001
Aeropostale, Inc. (I)	1,988		27,037
America’s Car-Mart, Inc. (I)	292		13,648
American Eagle Outfitters, Inc.	4,630		86,581

359

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Specialty Retail (continued)
ANN, Inc. (I)	1,028	$	29,833
Asbury Automotive Group, Inc. (I)	788		28,912
Ascena Retail Group, Inc. (I)	3,646		67,633
AutoNation, Inc. (I)	2,781		121,669
AutoZone, Inc. (I)	878		348,364
Barnes & Noble, Inc. (I)(L)	1,472		24,214
bebe stores, Inc.	1,774		7,398
Bed Bath & Beyond, Inc. (I)	5,349		344,583
Best Buy Company, Inc. (L)	7,812		173,036
Big 5 Sporting Goods Corp.	76		1,186
Brown Shoe Company, Inc. (L)	1,051		16,816
Build-A-Bear Workshop, Inc. (I)	637		3,433
Cabela’s, Inc. (I)(L)	1,575		95,729
CarMax, Inc. (I)	5,227		217,966
Chico’s FAS, Inc.	3,855		64,764
Christopher & Banks Corp. (I)	17		109
Citi Trends, Inc. (I)	426		4,358
Coldwater Creek, Inc. (I)	728		2,300
Conn’s, Inc. (I)	772		27,715
Destination Maternity Corp.	414		9,688
Destination XL Group, Inc. (I)	1,549		7,884
Dick’s Sporting Goods, Inc. (L)	2,831		133,906
DSW, Inc., Class A	1,018		64,948
Express, Inc. (I)	1,893		33,714
Five Below, Inc. (I)	1,216		46,074
Foot Locker, Inc.	3,503		119,943
Francesca’s Holdings Corp. (I)	1,068		30,609
GameStop Corp., Class A (L)	2,835		79,295
Genesco, Inc. (I)	586		35,213
GNC Holdings, Inc., Class A	2,254		88,537
Group 1 Automotive, Inc.	515		30,936
Guess?, Inc. (L)	1,920		47,674
Haverty Furniture Companies, Inc.	36		740
hhgregg, Inc. (I)	1,031		11,393
Hibbett Sports, Inc. (I)(L)	525		29,542
Hot Topic, Inc. (L)	1,203		16,698
Jos A. Bank Clothiers, Inc. (I)(L)	653		26,055
Kirkland’s, Inc. (I)	752		8,618
L Brands, Inc.	6,570		293,416
Lithia Motors, Inc., Class A	616		29,248
Lowe’s Companies, Inc.	26,227		994,528
Lumber Liquidators Holdings, Inc. (I)	580		40,728
MarineMax, Inc. (I)	667		9,065
Mattress Firm Holding Corp. (I)	808		27,908
Monro Muffler Brake, Inc.	719		28,551
New York & Company, Inc. (I)	1,751		7,162
O’Reilly Automotive, Inc. (I)	2,740		280,987
Office Depot, Inc. (I)	7,232		28,422
OfficeMax, Inc.	2,191		25,438
Orchard Supply Hardware
Stores Corp., Class A (I)	114		451
Pacific Sunwear of California, Inc. (I)	2,141		4,475
Penske Automotive Group, Inc. (L)	2,065		68,888
PetSmart, Inc.	2,486		154,381
Pier 1 Imports, Inc. (L)	2,566		59,018
RadioShack Corp. (L)	2,580		8,669
Rent-A-Center, Inc. (L)	1,268		46,840
Restoration Hardware Holdings, Inc. (I)	789		27,615
Ross Stores, Inc.	5,105		309,465
rue21, Inc. (I)	304		8,935
Sally Beauty Holdings, Inc. (I)	4,107		120,664
Sears Hometown And Outlet Stores Inc (I)	442		17,835
Select Comfort Corp. (I)	1,360		26,887


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Specialty Retail (continued)
Shoe Carnival, Inc.	528	$	10,792
Signet Jewelers, Ltd.	1,758		117,786
Sonic Automotive, Inc., Class A	1,330		29,473
Stage Stores, Inc.	827		21,403
Staples, Inc.	15,830		212,597
Stein Mart, Inc.	1,168		9,788
Systemax, Inc.	757		7,494
The Buckle, Inc. (L)	1,131		52,761
The Cato Corp., Class A	724		17,477
The Children’s Place Retail Stores, Inc. (I)	485		21,738
The Finish Line, Inc., Class A (L)	1,301		25,487
The Gap, Inc.	11,008		389,683
The Home Depot, Inc.	34,638		2,417,040
The Men’s Wearhouse, Inc. (L)	1,225		40,940
The Pep Boys - Manny, Moe & Jack (I)(L)	1,341		15,810
The Wet Seal, Inc., Class A (I)	3,009		9,087
Tiffany & Company	2,925		203,405
Tilly’s, Inc., Class A (I)	677		8,611
TJX Companies, Inc.	16,863		788,345
Tractor Supply Company	1,628		169,524
TravelCenters of America, LLC (I)	761		7,298
Ulta Salon Cosmetics & Fragrance, Inc. (I)	1,445		117,291
Urban Outfitters, Inc. (I)	3,295		127,648
Vitamin Shoppe, Inc. (I)(L)	703		34,342
West Marine, Inc. (I)	659		7,532
Williams-Sonoma, Inc.	2,269		116,899
Winmark Corp.	176		11,086
Zale Corp. (I)	62		244
Zumiez, Inc. (I)(L)	769		17,610

			10,436,083
Textiles, Apparel & Luxury Goods - 0.8%
Carter’s, Inc. (I)	1,370		78,460
Charles & Colvard, Ltd. (I)	983		3,824
Coach, Inc.	6,555		327,684
Columbia Sportswear Company (L)	721		41,731
Crocs, Inc. (I)	2,044		30,292
Culp, Inc.	414		6,587
Deckers Outdoor Corp. (I)	800		44,552
Fifth & Pacific Companies, Inc. (I)	2,803		52,921
Fossil, Inc. (I)	1,387		133,984
G-III Apparel Group, Ltd. (I)(L)	510		20,456
Hanesbrands, Inc. (I)	2,274		103,603
Iconix Brand Group, Inc. (I)(L)	1,414		36,580
K-Swiss, Inc., Class A (I)	1,074		5,091
Maidenform Brands, Inc. (I)	602		10,553
Movado Group, Inc.	660		22,123
NIKE, Inc., Class B	20,984		1,238,266
Oxford Industries, Inc. (L)	405		21,506
Perry Ellis International, Inc.	451		8,204
PVH Corp.	1,795		191,724
Quiksilver, Inc. (I)	3,577		21,712
Ralph Lauren Corp.	2,102		355,890
RG Barry Corp.	417		5,584
Rocky Brands, Inc. (I)	382		5,199
Skechers U.S.A., Inc., Class A (I)	1,206		25,507
Steven Madden, Ltd. (I)	1,012		43,658
The Jones Group, Inc. (L)	1,753		22,298
True Religion Apparel, Inc.	560		14,622
Tumi Holdings, Inc. (I)(L)	1,612		33,755
Under Armour, Inc., Class A (I)	2,368		121,242
Unifi, Inc. (I)	626		11,957
Vera Bradley, Inc. (I)(L)	970		22,921
VF Corp.	2,536		425,414

360

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Textiles, Apparel & Luxury Goods (continued)
Wolverine World Wide, Inc. (L)	1,097	$	48,674

			3,536,574

			56,884,071
Consumer Staples - 9.6%
Beverages - 1.9%
Beam, Inc.	3,624		230,269
Brown-Forman Corp., Class B	4,787		341,792
Central European Distribution Corp. (I)(L)	1,636		548
Coca-Cola Bottling Company Consolidated	249		15,020
Coca-Cola Enterprises, Inc.	6,743		248,952
Constellation Brands, Inc., Class A (I)	4,027		191,846
Craft Brewers Alliance, Inc. (I)	860		6,398
Crimson Wine Group, Ltd. (I)	558		5,189
Dr. Pepper Snapple Group, Inc.	4,825		226,534
MGP Ingredients, Inc.	667		2,921
Molson Coors Brewing Company, Class B	3,588		175,561
Monster Beverage Corp. (I)	4,100		195,734
National Beverage Corp.	1,341		18,841
PepsiCo, Inc.	35,747		2,827,945
Primo Water Corp. (I)	1,119		1,231
The Boston Beer Company, Inc., Class A (I)	305		48,690
The Coca-Cola Company	103,421		4,182,345
Willamette Valley Vineyards, Inc. (I)	1,099		5,264

			8,725,080
Food & Staples Retailing - 2.5%
Casey’s General Stores, Inc.	899		52,412
Costco Wholesale Corp.	9,959		1,056,749
CVS Caremark Corp.	29,245		1,608,183
Harris Teeter Supermarkets, Inc.	1,170		49,971
Ingles Markets, Inc., Class A	758		16,282
Nash Finch Company	426		8,341
Natural Grocers by Vitamin Cottage, Inc. (I)	199		4,487
Pricesmart, Inc. (L)	723		56,271
Rite Aid Corp. (I)	22,455		42,665
Roundy’s, Inc.	1,073		7,050
Safeway, Inc.	5,492		144,714
Spartan Stores, Inc.	686		12,039
SUPERVALU, Inc.	5,248		26,450
Susser Holdings Corp. (I)(L)	522		26,679
Sysco Corp. (L)	13,479		474,056
The Andersons, Inc.	475		25,422
The Chefs’ Warehouse, Inc. (I)	546		10,085
The Fresh Market, Inc. (I)	1,153		49,314
The Kroger Company	12,272		406,694
The Pantry, Inc. (I)	626		7,806
United Natural Foods, Inc. (I)	1,152		56,678
Wal-Mart Stores, Inc.	77,259		5,781,241
Walgreen Company	21,677		1,033,559
Weis Markets, Inc.	672		27,350
Whole Foods Market, Inc.	4,239		367,733

			11,352,231
Food Products - 1.9%
Alico, Inc.	249		11,516
Annie’s, Inc. (I)	177		6,772
Archer-Daniels-Midland Company	15,169		511,650
B&G Foods, Inc.	1,133		34,545
Boulder Brands, Inc. (I)(L)	1,484		13,326
Bunge, Ltd.	3,308		244,230
Cal-Maine Foods, Inc.	631		26,855
Calavo Growers, Inc.	500		14,390
Campbell Soup Company (L)	7,249		328,815


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Food Products (continued)
Chiquita Brands International, Inc. (I)	1,173	$	9,102
ConAgra Foods, Inc.	9,337		334,358
Darling International, Inc. (I)	2,850		51,186
DE Master Blenders 1753 NV (I)	13,981		216,219
Dean Foods Company (I)	4,192		76,001
Diamond Foods, Inc. (I)	559		9,425
Dole Food Company, Inc. (I)(L)	1,838		20,034
Feihe International, Inc. (I)	571		4,140
Flowers Foods, Inc.	3,273		107,813
Fresh Del Monte Produce, Inc.	988		26,656
General Mills, Inc.	14,888		734,127
Green Mountain Coffee Roasters, Inc. (I)(L)	3,547		201,328
H.J. Heinz Company	7,350		531,185
Hillshire Brands Company	2,796		98,279
Hormel Foods Corp. (L)	6,016		248,581
Ingredion, Inc.	1,762		127,428
J&J Snack Foods Corp.	475		36,523
John B. Sanfilippo & Son, Inc.	335		6,693
Kellogg Company	8,207		528,777
Kraft Foods Group, Inc.	13,581		699,829
Lancaster Colony Corp.	662		50,974
Lifeway Foods, Inc. (L)	675		9,383
Limoneira Company	200		3,864
McCormick & Company, Inc., Non-
Voting Shares	3,022		222,268
Mead Johnson Nutrition Company	4,685		362,853
Mondelez International, Inc., Class A	40,761		1,247,694
Omega Protein Corp. (I)	623		6,697
Pilgrim’s Pride Corp. (I)	6,123		56,270
Post Holdings, Inc. (I)	858		36,834
Sanderson Farms, Inc.	556		30,369
Seaboard Corp.	26		72,800
Smithfield Foods, Inc. (I)	3,409		90,270
Snyders-Lance, Inc.	1,674		42,285
The Hain Celestial Group, Inc. (I)(L)	1,072		65,478
The Hershey Company	5,182		453,580
The J.M. Smucker Company	2,511		248,991
Tootsie Roll Industries, Inc. (L)	1,362		40,727
TreeHouse Foods, Inc. (I)	857		55,834
Tyson Foods, Inc., Class A	8,331		206,775
WhiteWave Foods Company, Class A (I)(L)	3,569		60,923

			8,624,652
Household Products - 1.7%
Central Garden & Pet Company, Class A (I)	1,353		11,122
Church & Dwight Company, Inc.	3,178		205,394
Colgate-Palmolive Company	10,874		1,283,458
Energizer Holdings, Inc.	1,475		147,102
Harbinger Group, Inc. (I)	3,397		28,059
Kimberly-Clark Corp.	9,052		886,915
Oil-Dri Corp. of America	272		7,407
Orchids Paper Products Company	291		6,789
The Clorox Company	2,964		262,403
The Procter & Gamble Company	63,346		4,881,443
WD-40 Company	367		20,101

			7,740,193
Personal Products - 0.2%
Avon Products, Inc.	9,900		205,227
Elizabeth Arden, Inc. (I)	729		29,342
Herbalife, Ltd. (L)	2,515		94,187
Inter Parfums, Inc.	827		20,204
Medifast, Inc. (I)	169		3,873
Nature’s Sunshine Products, Inc.	565		8,611

361

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Personal Products (continued)
Nu Skin Enterprises, Inc., Class A (L)	1,348	$	59,582
Prestige Brands Holdings, Inc. (I)	1,278		32,832
Revlon, Inc., Class A (I)	1,331		29,761
Star Scientific, Inc. (I)	4,147		6,884
The Estee Lauder Companies, Inc., Class A	8,892		569,355
The Female Health Company	941		6,813
USANA Health Sciences, Inc. (I)	326		15,756

			1,082,427
Tobacco - 1.4%
Alliance One International, Inc. (I)	2,627		10,219
Altria Group, Inc.	46,663		1,604,741
Lorillard, Inc.	9,000		363,150
Philip Morris International, Inc.	38,708		3,588,619
Reynolds American, Inc.	12,997		578,237
Universal Corp. (L)	512		28,692
Vector Group, Ltd. (L)	1,968		31,724

			6,205,382

			43,729,965
Energy - 10.6%
Energy Equipment & Services - 1.6%
Atwood Oceanics, Inc. (I)	1,448		76,078
Baker Hughes, Inc.	10,124		469,855
Basic Energy Services, Inc. (I)(L)	1,040		14,217
Bristow Group, Inc.	854		56,313
C&J Energy Services, Inc. (I)	1,221		27,961
Cameron International Corp. (I)	5,662		369,162
CARBO Ceramics, Inc.	550		50,089
Compressco Partners LP	407		8,014
Dawson Geophysical Company (I)	235		7,050
Diamond Offshore Drilling, Inc. (L)	3,187		221,688
Dresser-Rand Group, Inc. (I)	1,769		109,077
Dril-Quip, Inc. (I)	888		77,407
Era Group, Inc. (I)	481		10,101
Exterran Holdings, Inc. (I)	1,389		37,503
Exterran Partners LP	1,100		28,897
FMC Technologies, Inc. (I)	5,476		297,840
Forum Energy Technologies, Inc. (I)(L)	2,024		58,210
Geokinetics, Inc. (I)	926		14
Geospace Technologies Corp. (I)	256		27,628
Global Geophysical Services, Inc. (I)	769		1,884
Gulf Island Fabrication, Inc.	473		9,961
Gulfmark Offshore, Inc., Class A	652		25,402
Halliburton Company	21,320		861,541
Heckmann Corp. (I)(L)	5,131		22,012
Helix Energy Solutions Group, Inc. (I)	2,297		52,555
Helmerich & Payne, Inc. (L)	2,415		146,591
Hercules Offshore, Inc. (I)	4,030		29,903
Hornbeck Offshore Services, Inc. (I)	803		37,307
ION Geophysical Corp. (I)(L)	3,857		26,266
Key Energy Services, Inc. (I)	3,596		29,056
Lufkin Industries, Inc. (L)	801		53,178
Matrix Service Company (I)	756		11,264
McDermott International, Inc. (I)	5,524		60,709
Mitcham Industries, Inc. (I)	331		5,601
Nabors Industries, Ltd.	6,658		107,993
National Oilwell Varco, Inc.	9,794		692,926
Natural Gas Services Group, Inc. (I)	382		7,357
Newpark Resources, Inc. (I)(L)	2,364		21,938
Oceaneering International, Inc.	2,463		163,568
Oil States International, Inc. (I)	1,234		100,657
Parker Drilling Company (I)	3,008		12,874


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Energy Equipment & Services (continued)
Patterson-UTI Energy, Inc. (L)	3,410	$	81,294
PHI, Inc. (I)	416		14,231
Pioneer Energy Services Corp. (I)	1,558		12,854
Rowan Companies PLC, Class A (I)	2,839		100,387
RPC, Inc.	4,842		73,453
Schlumberger, Ltd.	30,474		2,282,198
SEACOR Holdings, Inc. (L)	481		35,440
Superior Energy Services, Inc. (I)	3,504		90,999
Tesco Corp. (I)	1,032		13,818
TETRA Technologies, Inc. (I)	1,662		17,052
Tidewater, Inc. (L)	1,086		54,843
Unit Corp. (I)	1,062		48,374
Vantage Drilling Company (I)(L)	6,701		11,727
Willbros Group, Inc. (I)	715		7,021

			7,271,338
Oil, Gas & Consumable Fuels - 9.0%
Abraxas Petroleum Corp. (I)	2,156		4,980
Alliance Holdings GP LP	1,431		75,371
Alliance Resource Partners LP	837		53,317
Alon USA Energy, Inc.	1,439		27,413
Alpha Natural Resources, Inc. (I)	5,125		42,076
Amyris, Inc. (I)(L)	2,249		6,927
Anadarko Petroleum Corp.	11,483		1,004,188
Apache Corp.	8,997		694,209
Apco Oil and Gas International, Inc.	707		8,767
Approach Resources, Inc. (I)(L)	931		22,912
Arch Coal, Inc.	5,005		27,177
Atlas Energy LP	1,261		55,534
Atlas Pipeline Partners LP	1,411		48,792
Berry Petroleum Company, Class A	1,225		56,705
Bill Barrett Corp. (I)(L)	1,147		23,250
Blueknight Energy Partners LP	1,755		15,040
Boardwalk Pipeline Partners LP	5,050		148,016
Bonanza Creek Energy, Inc. (I)	949		36,698
BP Prudhoe Bay Royalty Trust	494		41,244
BPZ Resources, Inc. (I)	3,316		7,527
BreitBurn Energy Partners LP	1,894		37,956
Buckeye Partners LP	2,105		128,742
Cabot Oil & Gas Corp.	4,822		326,015
Callon Petroleum Company (I)	905		3,349
Calumet Specialty Products Partners LP	1,399		52,113
Carrizo Oil & Gas, Inc. (I)(L)	896		23,090
Ceres, Inc. (I)	621		2,161
Cheniere Energy Partners LP	3,943		107,920
Cheniere Energy, Inc. (I)	4,915		137,620
Chesapeake Energy Corp. (L)	15,275		311,763
Chevron Corp.	45,070		5,355,217
Cimarex Energy Company	1,954		147,410
Clayton Williams Energy, Inc. (I)(L)	273		11,938
Clean Energy Fuels Corp. (I)	1,999		25,987
Cloud Peak Energy, Inc. (I)	1,465		27,513
Cobalt International Energy, Inc. (I)	9,414		265,475
Comstock Resources, Inc. (I)	907		14,739
Concho Resources, Inc. (I)	2,389		232,760
ConocoPhillips	27,908		1,677,271
CONSOL Energy, Inc.	5,217		175,552
Contango Oil & Gas Company (L)	361		14,472
Continental Resources, Inc. (I)(L)	4,153		361,020
Copano Energy LLC	1,715		69,492
Crimson Exploration, Inc. (I)	2,053		5,872
Crosstex Energy LP	1,490		27,416
Crosstex Energy, Inc.	1,380		26,579
DCP Midstream Partners LP	1,298		60,500

362

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (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)
Delek Logistics Partners LP	175	$	5,458
Delek US Holdings, Inc.	1,438		56,743
Denbury Resources, Inc. (I)	8,963		167,160
Devon Energy Corp.	9,330		526,399
DHT Holdings, Inc.	104		497
Diamondback Energy, Inc. (I)	533		14,306
Dorchester Minerals LP	858		19,906
Eagle Rock Energy Partners LP	3,560		34,959
El Paso Pipeline Partners LP	4,934		216,405
Emerald Oil, Inc. (I)	983		6,920
Enbridge Energy Management LLC (I)(L)	1,115		33,695
Enbridge Energy Partners LP	5,863		176,711
Endeavour International Corp. (I)(L)	1,197		3,531
Energen Corp.	1,687		87,741
Energy Transfer Equity LP	7,602		444,565
Energy Transfer Partners LP	6,951		352,346
Energy XXI Bermuda, Ltd.	1,807		49,187
Enterprise Products Partners LP	20,333		1,225,877
EOG Resources, Inc.	6,202		794,290
EPL Oil & Gas, Inc. (I)	1,024		27,453
EQT Corp.	3,432		232,518
EQT Midstream Partners LP	130		5,044
EV Energy Partner LP	963		52,551
Evolution Petroleum Corp. (I)	784		7,958
EXCO Resources, Inc. (L)	5,188		36,990
Exxon Mobil Corp.	106,051		9,556,256
Forest Oil Corp. (I)	2,769		14,565
FX Energy, Inc. (I)	1,516		5,094
Gastar Exploration, Ltd. (I)	1,854		3,263
Genesis Energy LP	1,838		88,628
Gevo, Inc. (I)	551		1,234
Global Partners LP	689		24,701
GMX Resources, Inc. (I)	107		234
Goodrich Petroleum Corp. (I)(L)	816		12,770
Green Plains Renewable Energy, Inc. (I)(L)	881		10,079
Gulfport Energy Corp. (I)	1,297		59,442
Halcon Resources Corp. (I)	5,687		44,302
Hallador Energy Company	476		3,284
Harvest Natural Resources, Inc. (I)	980		3,440
Hess Corp.	7,868		563,427
Holly Energy Partners LP	1,400		56,140
HollyFrontier Corp.	4,676		240,580
Houston American Energy Corp. (I)	690		151
Hugoton Royalty Trust	1,047		9,769
Hyperdynamics Corp. (I)	3,833		2,334
Inergy LP	2,953		60,330
Isramco, Inc. (I)	58		5,750
James River Coal Company (I)(L)	776		1,358
Kinder Morgan Energy Partners LP	5,537		497,056
Kinder Morgan Management LLC (I)	2,671		234,646
Kinder Morgan, Inc.	26,102		1,009,625
KiOR, Inc., Class A (I)(L)	2,519		11,713
Kodiak Oil & Gas Corp. (I)	6,366		57,867
Laredo Petroleum Holdings, Inc. (I)(L)	2,942		53,809
Legacy Reserves LP	1,288		35,536
Linn Energy LLC	4,618		175,022
Linnco LLC (L)	735		28,702
Magellan Midstream Partners LP	5,198		277,729
Magnum Hunter Resources Corp. (I)	4,207		16,870
Marathon Oil Corp.	16,201		546,298
Marathon Petroleum Corp.	7,767		695,923
MarkWest Energy Partners LP	2,714		164,876
Martin Midstream Partners LP	708		27,272


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels (continued)
Matador Resources Company (I)(L)	1,306	$	11,571
McMoRan Exploration Company (I)	3,647		59,628
Midstates Petroleum Company, Inc. (I)	1,497		12,799
Miller Energy Resources, Inc. (I)	1,008		3,740
MPLX LP	1,562		58,497
Murphy Oil Corp.	4,479		285,447
Natural Resource Partners LP	2,561		59,927
Newfield Exploration Company (I)	3,030		67,933
Niska Gas Storage Partners LLC	938		12,081
Noble Energy, Inc.	4,086		472,587
Northern Oil and Gas, Inc. (I)(L)	1,562		22,462
Northern Tier Energy LP	2,078		62,132
NuStar Energy LP	1,800		96,012
NuStar GP Holdings LLC	1,048		34,060
Oasis Petroleum, Inc. (I)	2,168		82,536
Occidental Petroleum Corp.	18,610		1,458,466
Oiltanking Partners LP	945		48,573
ONEOK Partners LP	5,064		290,674
Oxford Resource Partners LP	353		971
PAA Natural Gas Storage LP	1,050		22,460
Pacific Ethanol, Inc. (I)(L)	3,509		1,183
Panhandle Oil and Gas, Inc., Class A	319		9,139
PDC Energy, Inc. (I)	764		37,871
Peabody Energy Corp.	6,203		131,193
Penn Virginia Corp. (L)	1,269		5,127
Petroquest Energy, Inc. (I)	1,669		7,410
Phillips 66	14,413		1,008,478
Pioneer Natural Resources Company	2,828		351,379
Pioneer Southwest Energy Partners LP	963		23,526
Plains All American Pipeline LP	7,523		424,899
Plains Exploration & Production Company (I)	2,976		141,271
PVR Partners LP	2,020		48,702
QEP Resources, Inc.	4,069		129,557
Quicksilver Resources, Inc. (I)	4,280		9,630
Range Resources Corp.	3,743		303,333
Regency Energy Partners LP	3,946		98,966
Renewable Energy Group, Inc. (I)	739		5,683
Resolute Energy Corp. (I)	1,523		17,530
Rex Energy Corp. (I)	1,454		23,962
Rhino Resource Partners LP	453		6,084
Rosetta Resources, Inc. (I)	1,174		55,859
Sanchez Energy Corp. (I)	845		16,832
SandRidge Energy, Inc. (I)(L)	11,492		60,563
SandRidge Mississippian Trust	505		6,767
SemGroup Corp., Class A (I)	1,031		53,323
Ship Finance International, Ltd.	1,785		31,487
SM Energy Company	1,515		89,718
Solazyme, Inc. (I)(L)	1,538		12,012
Southwestern Energy Company (I)	8,046		299,794
Spectra Energy Corp.	15,102		464,387
Spectra Energy Partners LP	2,363		92,984
Stone Energy Corp. (I)	1,123		24,425
Summit Midstream Partners LP	202		5,581
Sunoco Logistics Partners LP	2,383		155,848
Swift Energy Company (I)(L)	1,049		15,536
Syntroleum Corp. (I)	3,712		1,466
Targa Resources Corp.	1,000		67,960
Targa Resources Partners LP	2,164		99,587
TC Pipelines LP	1,280		62,067
Teekay Corp.	1,672		60,125
Tesoro Corp.	3,263		191,049
Tesoro Logistics LP	490		26,445
The Williams Companies, Inc.	14,391		539,087

363

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (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)
Transmontaigne Partners LP	395	$	20,042
Triangle Petroleum Corp. (I)	672		4,435
Ultra Petroleum Corp. (I)(L)	3,444		69,224
Uranerz Energy Corp. (I)	2,497		3,171
Uranium Energy Corp. (I)	2,161		4,754
Uranium Resources Inc (I)(L)	370		958
US Energy Corp. (I)	1,052		1,746
USEC, Inc. (I)(L)	3,092		1,144
Vaalco Energy, Inc. (I)(L)	1,471		11,165
Valero Energy Corp.	12,710		578,178
Voc Energy Trust	444		5,412
W&T Offshore, Inc. (L)	1,817		25,801
Warren Resources, Inc. (I)	2,903		9,319
Western Gas Partners LP	2,200		130,702
Western Refining, Inc. (L)	2,063		73,051
Westmoreland Coal Company (I)	386		4,385
Whiting Petroleum Corp. (I)	2,657		135,082
Williams Partners LP	8,078		418,440
World Fuel Services Corp.	1,687		67,008
WPX Energy, Inc. (I)	4,651		74,509
ZaZa Energy Corp. (I)	2,524		4,568
Zion Oil & Gas, Inc. (I)	1,070		1,316

			41,234,161

			48,505,499
Financials - 16.1%
Capital Markets - 2.3%
Affiliated Managers Group, Inc. (I)	1,175		180,445
AllianceBernstein Holding LP	2,278		49,888
American Capital, Ltd. (I)	7,255		105,887
Ameriprise Financial, Inc.	4,837		356,245
Apollo Investment Corp.	4,724		39,493
Arlington Asset Investment Corp., Class A (L)	471		12,157
Artio Global Investors, Inc.	1,239		3,370
BGC Partners, Inc., Class A (L)	3,158		13,137
BlackRock, Inc.	3,843		987,190
Calamos Asset Management, Inc., Class A	741		8,722
Cohen & Steers, Inc. (L)	1,079		38,920
Cowen Group, Inc., Class A (I)	2,816		7,941
Diamond Hill Investment Group, Inc.	144		11,205
Duff & Phelps Corp., Class A	959		14,874
E*TRADE Financial Corp. (I)	6,786		72,678
Eaton Vance Corp. (L)	2,599		108,716
Ellington Financial LLC	513		12,697
Evercore Partners, Inc., Class A	669		27,830
FBR & Company (I)	458		8,670
Federated Investors, Inc., Class B (L)	2,358		55,814
Fidus Investment Corp.	587		11,241
Fifth Street Finance Corp.	2,262		24,927
Financial Engines, Inc. (L)	1,100		39,842
Fortress Investment Group LLC, Class A	11,718		74,995
Franklin Resources, Inc.	4,873		734,897
GAMCO Investors, Inc., Class A (L)	622		33,034
GFI Group, Inc.	2,544		8,497
Gleacher & Company, Inc. (I)	4,731		2,839
Golub Capital BDC, Inc.	753		12,432
Greenhill & Company, Inc. (L)	703		37,526
Harris & Harris Group, Inc. (I)	1,138		4,097
HFF, Inc., Class A	916		18,256
ICG Group, Inc. (I)	972		12,131
INTL. FCStone, Inc. (I)(L)	429		7,469
Invesco, Ltd.	10,224		296,087
Investment Technology Group, Inc. (I)	1,272		14,043


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Capital Markets (continued)
Janus Capital Group, Inc.	4,214	$	39,612
Knight Capital Group, Inc., Class A (I)	3,577		13,306
Ladenburg Thalmann
Financial Services, Inc. (I)	4,163		6,911
Lazard, Ltd., Class A	2,901		99,011
Legg Mason, Inc. (L)	3,134		100,758
LPL Financial Holdings, Inc.	2,503		80,697
Main Street Capital Corp.	778		24,966
MCG Capital Corp.	2,362		11,290
Medallion Financial Corp.	722		9,545
Morgan Stanley	45,448		998,947
New Mountain Finance Corp.	655		9,576
Northern Trust Corp.	5,471		298,498
Oaktree Capital Group LLC	3,374		172,141
Och-Ziff Capital Management
Group LLC, Class A	9,880		92,378
Oppenheimer Holdings, Inc., Class A	428		8,333
Penson Worldwide, Inc. (I)	1,757		25
Piper Jaffray Companies (I)	37		1,269
Pzena Investment Management, Inc., Class A	1,169		7,599
Raymond James Financial, Inc.	3,206		147,797
Safeguard Scientifics, Inc. (I)	700		11,060
SEI Investments Company	3,883		112,025
State Street Corp.	11,033		651,940
Stifel Financial Corp. (I)	1,344		46,596
T. Rowe Price Group, Inc.	5,829		436,417
TD Ameritrade Holding Corp.	12,575		259,297
The Bank of New York Mellon Corp.	27,133		759,453
The Blackstone Group LP	11,931		235,995
The Carlyle Group LP	876		26,499
The Charles Schwab Corp.	29,342		519,060
The Goldman Sachs Group, Inc.	11,017		1,621,152
U.S. Global Investors, Inc., Class A	1,559		5,722
Virtus Investment Partners, Inc. (I)	200		37,256
Waddell & Reed Financial, Inc., Class A (L)	1,988		87,035
Walter Investment Management Corp. (I)	792		29,502
Westwood Holdings Group, Inc.	304		13,507
WisdomTree Investments, Inc. (I)	2,227		23,161

			10,446,528
Commercial Banks - 2.9%
1st Source Corp.	730		17,301
American National Bankshares, Inc.	350		7,546
Ameris Bancorp (I)	873		12,528
Ameriserv Financial, Inc. (I)	1,409		4,410
Ames National Corp.	313		6,529
Arrow Financial Corp. (L)	508		12,517
Associated Banc-Corp.	3,515		53,393
Bancfirst Corp.	442		18,431
BancorpSouth, Inc. (L)	2,201		35,876
Bank of Hawaii Corp. (L)	827		42,020
Bank of Kentucky Financial Corp.	298		8,174
Bank of Marin Bancorp, Class A	253		10,143
Bank of the Ozarks, Inc. (L)	848		37,609
BankUnited, Inc.	1,950		49,959
Banner Corp.	543		17,284
Bar Harbor Bankshares	260		9,503
BB&T Corp.	16,011		502,585
BBCN Bancorp, Inc.	1,762		23,012
BCB Bancorp, Inc.	448		4,574
BNC Bancorp	972		9,739
BOK Financial Corp.	1,429		89,027
Boston Private Financial Holdings, Inc.	2,048		20,234
Bridge Bancorp, Inc.	310		6,668

364

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Banks (continued)
Bridge Capital Holdings (I)	579	$	8,824
Bryn Mawr Bank Corp.	492		11,454
BSB Bancorp, Inc. (I)	519		7,167
C&F Financial Corp.	168		6,880
Camden National Corp.	265		8,766
CapitalSource, Inc.	4,667		44,897
Cardinal Financial Corp.	805		14,635
Cascade Bancorp (I)	981		6,632
Cathay General Bancorp	1,453		29,234
Center Bancorp, Inc.	959		11,920
Centerstate Banks, Inc.	883		7,576
Central Pacific Financial Corp. (I)	913		14,334
Century Bancorp, Inc., Class A	214		7,257
Chemical Financial Corp.	686		18,097
CIT Group, Inc. (I)	4,633		201,443
Citizens & Northern Corp.	512		9,984
Citizens Republic Bancorp, Inc. (I)	1,051		23,700
City Holding Company	385		15,319
City National Corp. (L)	1,194		70,339
CNB Financial Corp.	576		9,821
CoBiz Financial, Inc.	1,426		11,522
Columbia Banking System, Inc. (L)	984		21,628
Comerica, Inc.	4,409		158,504
Commerce Bancshares, Inc.	1,976		80,680
Community Bank Systems, Inc.	233		6,904
Community Trust Bancorp, Inc.	446		15,177
Cullen/Frost Bankers, Inc. (L)	1,280		80,038
CVB Financial Corp.	2,517		28,367
Eagle Bancorp, Inc. (I)	520		11,383
East West Bancorp, Inc.	3,125		80,219
Enterprise Financial Services Corp.	505		7,242
Fidelity Southern Corp. (I)	710		8,165
Fifth Third Bancorp	21,079		343,798
Financial Institutions, Inc.	366		7,305
First BanCorp Puerto Rico (I)	5,138		32,010
First Busey Corp.	2,456		11,224
First California Financial Group, Inc. (I)	976		8,316
First Citizens BancShares, Inc.	237		43,300
First Commonwealth Financial Corp. (L)	2,381		17,762
First Community Bancshares, Inc.	550		8,718
First Connecticut Bancorp, Inc.	847		12,476
First Financial Bancorp	1,424		22,855
First Financial Bankshares, Inc. (L)	736		35,770
First Horizon National Corp.	5,425		57,939
First Merchants Corp.	685		10,597
First Midwest Bancorp, Inc.	1,885		25,033
First Niagara Financial Group, Inc.	8,115		71,899
First Republic Bank	2,887		111,496
FirstMerit Corp. (L)	2,636		43,573
FNB Corp.	3,111		37,643
FNB United Corp. (I)(L)	587		5,729
Fulton Financial Corp.	3,912		45,770
German American Bancorp, Inc.	467		10,746
Glacier Bancorp, Inc.	1,642		31,165
Great Southern Bancorp, Inc.	435		10,610
Hampton Roads Bankshares, Inc. (I)	4,502		5,898
Hancock Holding Company	1,819		56,243
Hanmi Financial Corp. (I)	938		15,008
Heartland Financial USA, Inc.	462		11,675
Heritage Commerce Corp. (I)	1,059		7,127
Heritage Financial Corp.	576		8,352
Home BancShares, Inc.	638		24,033
Horizon Bancorp	497		10,044


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Banks (continued)
Huntington Bancshares, Inc.	19,533	$	144,349
Iberiabank Corp.	709		35,464
Independent Bank Corp.- MA (L)	557		18,153
International Bancshares Corp.	1,624		33,779
Investors Bancorp, Inc.	2,672		50,180
KeyCorp	21,796		217,088
Lakeland Bancorp, Inc.	888		8,747
Lakeland Financial Corp.	533		14,226
M&T Bank Corp. (L)	2,896		298,751
Macatawa Bank Corp. (I)	1,574		8,515
MainSource Financial Group, Inc.	673		9,449
MB Financial, Inc.	880		21,270
Mercantile Bank Corp.	249		4,161
Merchants Bancshares, Inc.	319		9,613
Metro Bancorp, Inc. (I)	668		11,049
MetroCorp Bancshares, Inc. (I)	897		9,051
MidWestOne Financial Group, Inc.	362		8,619
National Bank Holdings Corp.	772		14,128
National Bankshares, Inc.	352		12,295
National Penn Bancshares, Inc.	3,509		37,511
NBT Bancorp, Inc. (L)	1,411		31,253
Northrim BanCorp, Inc.	305		6,853
Norwood Financial Corp.	107		3,277
Old National Bancorp	2,285		31,419
OmniAmerican Bancorp, Inc. (I)	471		11,907
Oriental Financial Group, Inc.	1,227		19,031
Pacific Continental Corp.	917		10,243
Pacific Mercantile Bancorp (I)	547		3,200
PacWest Bancorp (L)	935		27,218
Park National Corp.	99		6,909
Peoples Bancorp of North Carolina, Inc.	428		4,836
Pinnacle Financial Partners, Inc. (I)(L)	940		21,958
PNC Financial Services Group, Inc.	12,150		807,975
Popular, Inc. (I)	2,139		59,058
Preferred Bank (I)	590		9,310
PrivateBancorp, Inc.	1,746		33,017
Prosperity Bancshares, Inc. (L)	1,180		55,920
Regions Financial Corp.	32,469		265,921
Renasant Corp. (L)	644		14,413
Republic Bancorp, Inc., Class A (L)	553		12,520
S&T Bancorp, Inc.	834		15,462
Sandy Spring Bancorp, Inc.	744		14,954
SCBT Financial Corp.	455		22,932
Signature Bank (I)(L)	986		77,657
Simmons First National Corp., Class A	567		14,356
Southside Bancshares, Inc. (L)	528		11,093
Southwest Bancorp, Inc. (I)	628		7,888
State Bank Financial Corp.	857		14,029
StellarOne Corp.	688		11,111
Sterling Bancorp	1,021		10,373
Sterling Financial Corp.	1,391		30,171
Suffolk Bancorp (I)	361		5,141
Sun Bancorp, Inc. (I)	3,025		10,315
SunTrust Banks, Inc.	12,387		356,869
Susquehanna Bancshares, Inc.	4,360		54,195
SVB Financial Group (I)	1,022		72,501
SY Bancorp, Inc.	570		12,825
Synovus Financial Corp. (L)	19,112		52,940
Taylor Capital Group, Inc. (I)(L)	701		11,209
TCF Financial Corp. (L)	3,834		57,357
Texas Capital Bancshares, Inc. (I)	906		36,648
The Bancorp, Inc. (I)	1,064		14,736
The First of Long Island Corp.	401		11,890

365

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Banks (continued)
TowneBank (L)	974	$	14,581
Trico Bancshares	463		7,917
Trustmark Corp.	1,569		39,241
U.S. Bancorp	43,428		1,473,512
UMB Financial Corp.	750		36,803
Umpqua Holdings Corp. (L)	2,106		27,926
Union First Market Bankshares Corp.	784		15,335
United Bankshares, Inc.	1,203		32,012
United Community Banks, Inc. (I)	1,301		14,753
Unity Bancorp, Inc. (I)	643		4,134
Univest Corp. of Pennsylvania	654		11,393
Valley National Bancorp (L)	4,698		48,108
Virginia Commerce Bancorp, Inc. (I)	830		11,662
Washington Banking Company	539		7,514
Washington Trust Bancorp, Inc.	505		13,827
WashingtonFirst Bankshare, Inc. (I)	383		4,443
Webster Financial Corp.	2,088		50,655
Wells Fargo & Company	121,264		4,485,555
WesBanco, Inc.	749		17,939
West Bancorp, Inc.	725		8,048
West Coast Bancorp	572		13,888
Westamerica Bancorp.	237		10,743
Western Alliance Bancorp (I)	2,136		29,562
Wilshire Bancorp, Inc. (I)	1,518		10,292
Wintrust Financial Corp. (L)	886		32,817
Zions Bancorporation (L)	4,162		104,008

			13,037,240
Consumer Finance - 0.8%
American Express Company	26,037		1,756,456
Asset Acceptance Capital Corp. (I)	1,333		8,984
Asta Funding, Inc.	606		5,818
Atlanticus Holdings Corp. (I)	1,048		3,846
Capital One Financial Corp.	13,334		732,703
Cash America International, Inc. (L)	711		37,306
Consumer Portfolio Services, Inc. (I)	716		8,384
Credit Acceptance Corp. (I)	508		62,047
DFC Global Corp. (I)(L)	1,023		17,023
Discover Financial Services	11,794		528,843
Encore Capital Group, Inc. (I)(L)	614		18,481
Ezcorp, Inc., Class A (I)	1,228		26,156
First Cash Financial Services, Inc. (I)	673		39,263
Green Dot Corp., Class A (I)	812		13,569
Imperial Holdings, Inc. (I)	1,428		5,783
Nelnet, Inc., Class A	1,071		36,200
Netspend Holdings, Inc. (I)	1,890		30,032
Portfolio Recovery Associates, Inc. (I)	401		50,895
Regional Management Corp. (I)	351		7,090
SLM Corp.	10,773		220,631
The First Marblehead Corp. (I)(L)	3,582		3,618
World Acceptance Corp. (I)(L)	327		28,079

			3,641,207
Diversified Financial Services - 2.6%
Bank of America Corp.	247,662		3,016,523
CBOE Holdings, Inc.	1,840		67,970
Citigroup, Inc.	67,387		2,981,201
CME Group, Inc.	7,675		471,168
Interactive Brokers Group, Inc., Class A	1,129		16,833
IntercontinentalExchange, Inc. (I)	1,673		272,816
JPMorgan Chase & Company	87,247		4,140,743
KKR Financial Holdings LLC	4,229		46,815
Leucadia National Corp. (L)	9,358		256,690
Life Partners Holdings, Inc.	788		3,081


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Diversified Financial Services (continued)
MarketAxess Holdings, Inc.	867	$	32,339
Marlin Business Services Corp.	471		10,922
Moody’s Corp.	5,092		271,505
MSCI, Inc. (I)	2,844		96,497
NewStar Financial, Inc. (I)	1,315		17,397
NYSE Euronext	5,709		220,596
PHH Corp. (I)(L)	1,363		29,931
PICO Holdings, Inc. (I)	659		14,630
The NASDAQ OMX Group, Inc.	3,800		122,740

			12,090,397
Insurance - 3.9%
Aflac, Inc.	10,719		557,602
Alleghany Corp. (I)	392		155,201
Alterra Capital Holdings, Ltd.	1,922		60,543
American Equity Investment Life
Holding Company (L)	1,602		23,854
American Financial Group, Inc.	2,116		100,256
American International Group, Inc. (I)	37,468		1,454,508
American National Insurance Company	628		54,554
American Safety Insurance Holdings, Ltd. (I)	416		10,383
AMERISAFE, Inc.	520		18,481
Amtrust Financial Services, Inc. (L)	1,610		55,787
Arch Capital Group, Ltd. (I)	2,944		154,766
Argo Group International Holdings, Ltd.	654		27,063
Arthur J. Gallagher & Company	2,780		114,842
Aspen Insurance Holdings, Ltd.	1,667		64,313
Assurant, Inc.	1,845		83,043
Assured Guaranty, Ltd.	4,471		92,147
Axis Capital Holdings, Ltd.	2,777		115,579
Baldwin & Lyons, Inc., Class B	491		11,681
Berkshire Hathaway, Inc., Class B (I)	56,974		5,936,691
Brown & Brown, Inc.	3,219		103,137
Cincinnati Financial Corp.	3,708		174,981
Citizens, Inc. (I)(L)	1,632		13,692
CNA Financial Corp.	6,192		202,416
CNO Financial Group, Inc.	5,119		58,613
Donegal Group, Inc., Class A	853		13,025
eHealth, Inc. (I)	514		9,190
EMC Insurance Group, Inc.	433		11,401
Employers Holdings, Inc.	815		19,112
Endurance Specialty Holdings, Ltd.	803		38,391
Enstar Group, Ltd. (I)	327		40,643
Erie Indemnity Company, Class A	1,067		80,591
Everest Re Group, Ltd.	1,136		147,521
FBL Financial Group, Inc., Class A	341		13,251
Fidelity National Financial, Inc., Class A	5,254		132,558
First American Financial Corp.	2,568		65,664
Genworth Financial, Inc., Class A (I)	11,194		111,940
Hallmark Financial Services, Inc. (I)	766		6,894
Hartford Financial Services Group, Inc.	10,078		260,012
HCC Insurance Holdings, Inc.	2,227		93,601
Hilltop Holdings, Inc. (I)	1,518		20,478
Horace Mann Educators Corp.	1,069		22,289
Infinity Property & Casualty Corp.	16		899
Kansas City Life Insurance Company	321		12,561
Kemper Corp.	1,243		40,534
Lincoln National Corp.	6,419		209,324
Loews Corp.	9,102		401,125
Maiden Holdings, Ltd.	1,994		21,116
Markel Corp. (I)(L)	225		113,288
Marsh & McLennan Companies, Inc.	12,499		474,587
MBIA, Inc. (I)	4,550		46,729
Meadowbrook Insurance Group, Inc.	1,157		8,157

366

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Insurance (continued)
Mercury General Corp.	1,321	$	50,106
MetLife, Inc.	24,432		928,905
Montpelier Re Holdings, Ltd.	1,358		35,376
National Financial Partners Corp. (I)(L)	914		20,501
National Interstate Corp.	564		16,909
National Western Life Insurance
Company, Class A	101		17,776
Old Republic International Corp.	5,998		76,235
OneBeacon Insurance Group, Ltd., Class A	2,540		34,341
PartnerRe, Ltd.	1,387		129,144
Platinum Underwriters Holdings, Ltd.	551		30,751
Primerica, Inc.	1,482		48,580
Principal Financial Group, Inc. (L)	6,776		230,587
ProAssurance Corp.	1,330		62,949
Protective Life Corp.	1,722		61,648
Prudential Financial, Inc.	10,721		632,432
Reinsurance Group of America, Inc.	1,702		101,558
RenaissanceRe Holdings, Ltd.	1,069		98,337
RLI Corp.	546		39,230
Safety Insurance Group, Inc.	412		20,250
Selective Insurance Group, Inc.	1,417		34,022
StanCorp Financial Group, Inc. (L)	1,053		45,026
State Auto Financial Corp.	1,117		19,458
Stewart Information Services Corp. (L)	519		13,219
Symetra Financial Corp.	2,961		39,707
The Allstate Corp.	9,636		472,839
The Chubb Corp.	6,166		539,710
The Hanover Insurance Group, Inc.	1,079		53,605
The Navigators Group, Inc. (I)	349		20,504
The Progressive Corp.	14,136		357,217
The Travelers Companies, Inc.	8,905		749,712
Torchmark Corp.	2,110		126,178
Tower Group International, Ltd. (L)	1,021		18,834
United Fire Group, Inc.	746		19,001
Unum Group	6,398		180,744
Validus Holdings, Ltd.	2,280		85,204
W.R. Berkley Corp.	3,166		140,475
White Mountains Insurance Group, Ltd.	143		81,098

			17,691,182
Real Estate Investment Trusts - 3.1%
Acadia Realty Trust	1,111		30,852
AG Mortgage Investment Trust, Inc.	587		14,951
Agree Realty Corp.	434		13,063
Alexander’s, Inc.	100		32,969
Alexandria Real Estate Equities, Inc.	1,401		99,443
American Assets Trust, Inc.	957		30,634
American Campus Communities, Inc. (L)	2,372		107,546
American Capital Agency Corp.	7,862		257,716
Annaly Capital Management, Inc. (L)	22,383		355,666
Anworth Mortgage Asset Corp.	3,235		20,478
Apartment Investment & Management
Company, Class A	3,318		101,730
Apollo Commercial Real Estate Finance, Inc.	817		14,371
Apollo Residential Mortgage, Inc.	567		12,638
ARMOUR Residential REIT, Inc. (L)	6,300		41,139
Ashford Hospitality Trust, Inc.	1,677		20,728
Associated Estates Realty Corp. (L)	1,316		24,530
AvalonBay Communities, Inc.	2,608		330,355
BioMed Realty Trust, Inc.	3,595		77,652
Boston Properties, Inc.	3,467		350,375
Brandywine Realty Trust	3,526		52,361
BRE Properties, Inc.	1,773		86,310
BRT Realty Trust (I)	597		4,191


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Real Estate Investment Trusts (continued)
Camden Property Trust	1,934	$	132,827
Campus Crest Communities, Inc.	908		12,621
Capital Trust, Inc., Class A	1,087		2,968
CapLease, Inc.	1,672		10,651
Capstead Mortgage Corp.	2,151		27,576
CBL & Associates Properties, Inc. (L)	3,673		86,683
Cedar Realty Trust, Inc.	2,411		14,731
Chatham Lodging Trust	582		10,249
Chesapeake Lodging Trust	1,032		23,674
Chimera Investment Corp.	23,852		76,088
Colonial Properties Trust (L)	2,110		47,707
Colony Financial, Inc.	1,063		23,599
CommonWealth REIT	1,997		44,813
Coresite Realty Corp.	596		20,848
Corporate Office Properties Trust	1,885		50,292
Cousins Properties, Inc.	2,692		28,777
CreXus Investment Corp.	1,825		23,762
CubeSmart	2,961		46,784
CYS Investments, Inc. (L)	3,269		38,378
DCT Industrial Trust, Inc. (L)	6,401		47,367
DDR Corp.	6,986		121,696
DiamondRock Hospitality Company	4,392		40,890
Digital Realty Trust, Inc.	2,833		189,556
Douglas Emmett, Inc.	3,208		79,975
Duke Realty Corp.	6,210		105,446
DuPont Fabros Technology, Inc. (L)	1,429		34,682
Dynex Capital, Inc.	1,357		14,493
EastGroup Properties, Inc.	693		40,333
Education Realty Trust, Inc.	2,684		28,263
EPR Properties (L)	1,086		56,526
Equity Lifestyle Properties, Inc.	877		67,354
Equity One, Inc. (L)	2,788		66,828
Equity Residential	7,446		409,977
Essex Property Trust, Inc. (L)	823		123,927
Excel Trust, Inc.	1,172		15,998
Extra Space Storage, Inc.	2,337		91,774
Federal Realty Investment Trust	1,456		157,306
FelCor Lodging Trust, Inc. (I)	3,275		19,486
First Industrial Realty Trust, Inc.	2,195		37,600
First Potomac Realty Trust (L)	1,455		21,578
Franklin Street Properties Corp. (L)	1,913		27,968
General Growth Properties, Inc.	21,531		428,036
Getty Realty Corp. (L)	779		15,744
Gladstone Commercial Corp.	527		10,261
Glimcher Realty Trust	3,168		36,749
Government Properties Income Trust	1,296		33,346
Hatteras Financial Corp.	2,041		55,985
HCP, Inc.	9,897		493,464
Health Care REIT, Inc.	5,923		402,231
Healthcare Realty Trust, Inc.	2,016		57,234
Healthcare Trust of America, Inc.	3,476		40,843
Hersha Hospitality Trust	5,138		30,006
Highwoods Properties, Inc. (L)	1,715		67,863
Home Properties, Inc.	1,128		71,538
Hospitality Properties Trust	2,692		73,868
Host Hotels & Resorts, Inc.	16,666		291,488
Hudson Pacific Properties, Inc.	1,159		25,208
Inland Real Estate Corp. (L)	2,441		24,630
Invesco Mortgage Capital, Inc.	2,486		53,176
Investors Real Estate Trust (L)	2,602		25,682
iStar Financial, Inc. (I)(L)	1,937		21,094
Kilroy Realty Corp.	1,666		87,298
Kimco Realty Corp.	9,381		210,134

367

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (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)
Kite Realty Group Trust	2,402	$	16,189
LaSalle Hotel Properties	2,027		51,445
Lexington Realty Trust (L)	4,196		49,513
Liberty Property Trust (L)	2,719		108,080
LTC Properties, Inc.	288		11,730
Mack-Cali Realty Corp.	1,856		53,100
Medical Properties Trust, Inc. (L)	3,201		51,344
MFA Financial, Inc.	7,751		72,239
Mid-America Apartment Communities, Inc.	951		65,676
Mission West Properties, Inc.	867		17
Monmouth Real Estate
Investment Corp., Class A	1,202		13,402
National Health Investments, Inc. (L)	313		20,486
National Retail Properties, Inc. (L)	2,499		90,389
New York Mortgage Trust, Inc. (L)	1,540		11,612
Newcastle Investment Corp.	3,872		43,250
NorthStar Realty Finance Corp. (L)	3,620		34,318
Omega Healthcare Investors, Inc. (L)	2,439		74,048
One Liberty Properties, Inc.	554		12,033
Parkway Properties, Inc.	636		11,798
Pebblebrook Hotel Trust	1,424		36,725
Pennsylvania Real Estate Investment Trust	1,314		25,478
PennyMac Mortgage Investment Trust	1,188		30,757
Piedmont Office Realty Trust, Inc., Class A	3,694		72,365
Plum Creek Timber Company, Inc. (L)	3,713		193,819
PMC Commercial Trust	406		3,073
Post Properties, Inc.	1,263		59,487
Potlatch Corp.	951		43,613
Prologis, Inc.	10,665		426,387
PS Business Parks, Inc.	556		43,880
Public Storage	3,950		601,664
RAIT Financial Trust (L)	1,551		12,361
Ramco-Gershenson Properties Trust	1,184		19,891
Rayonier, Inc.	2,775		165,584
Realty Income Corp. (L)	4,028		182,670
Redwood Trust, Inc.	1,816		42,095
Regency Centers Corp.	2,052		108,571
Resource Capital Corp.	2,309		15,262
Retail Opportunity Investments Corp.	310		4,343
Retail Properties of America, Inc., Class A (L)	3,187		47,168
RLJ Lodging Trust	2,541		57,833
Rouse Properties, Inc.	1,216		22,010
Ryman Hospitality Properties (L)	1,109		50,737
Sabra Health Care REIT, Inc.	982		28,488
Saul Centers, Inc.	524		22,920
Select Income REIT	952		25,180
Senior Housing Properties Trust (L)	3,905		104,771
Silver Bay Realty Trust Corp.	308		6,378
Simon Property Group, Inc.	6,963		1,104,053
SL Green Realty Corp.	2,046		176,181
Sovran Self Storage, Inc.	710		45,788
Spirit Realty Capital, Inc.	1,459		27,721
STAG Industrial, Inc.	933		19,845
Starwood Property Trust, Inc.	2,832		78,616
Strategic Hotels & Resorts, Inc. (I)	4,829		40,322
Summit Hotel Properties, Inc.	1,323		13,852
Sun Communities, Inc.	684		33,742
Sunstone Hotel Investors, Inc. (I)	3,276		40,328
Tanger Factory Outlet Centers	2,168		78,438
Taubman Centers, Inc.	1,399		108,646
Terreno Realty Corp.	685		12,316
The Macerich Company	3,040		195,715
Two Harbors Investment Corp.	6,288		79,292


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Real Estate Investment Trusts (continued)
UDR, Inc.	5,691	$	137,665
UMH Properties, Inc.	888		9,120
Universal Health Realty Income Trust	329		18,987
Urstadt Biddle Properties, Inc.	242		4,617
Urstadt Biddle Properties, Inc., Class A	886		19,279
Ventas, Inc.	6,760		494,832
Vornado Realty Trust	4,300		359,652
Washington Real Estate Investment Trust (L)	1,560		43,430
Weingarten Realty Investors (L)	2,862		90,296
Western Asset Mortgage Capital Corp.	186		4,323
Weyerhaeuser Company	12,354		387,669
Whitestone REIT	479		7,252
Winthrop Realty Trust	996		12,530
WP Carey, Inc.	1,467		98,876

			14,145,189
Real Estate Management & Development - 0.2%
Alexander & Baldwin, Inc. (I)	1,025		36,644
Altisource Asset Management Corp. (I)	56		7,560
Altisource Portfolio Solutions SA (I)	562		39,200
Altisource Residential Corp., Class B (I)	187		3,740
American Spectrum Realty, Inc. (I)	265		398
AV Homes, Inc. (I)	578		7,705
Brookfield Office Properties Corp. (L)	11,409		195,893
CBRE Group, Inc., Class A (I)	7,477		188,794
Consolidated-Tomoka Land Company (L)	311		12,207
Forest City Enterprises, Inc., Class A (I)	4,002		71,116
Forestar Group, Inc. (I)(L)	777		16,985
Jones Lang LaSalle, Inc.	1,021		101,498
Kennedy-Wilson Holdings, Inc.	1,050		16,286
Tejon Ranch Company (I)	488		14,533
The Howard Hughes Corp. (I)	917		76,854
The St. Joe Company (I)(L)	2,200		46,750
Thomas Properties Group, Inc.	1,457		7,474
Zillow, Inc., Class A (I)(L)	673		36,793

			880,430
Thrifts & Mortgage Finance - 0.3%
Astoria Financial Corp. (L)	2,156		21,258
Bank Mutual Corp.	1,528		8,450
BankFinancial Corp.	831		6,723
Beneficial Mutual Bancorp, Inc. (I)	1,922		19,797
Berkshire Hills Bancorp, Inc.	656		16,754
BofI Holding, Inc. (I)	329		11,805
Brookline Bancorp, Inc.	1,601		14,633
Cape Bancorp, Inc.	900		8,244
Capitol Federal Financial, Inc.	2,858		34,496
Charter Financial Corp.	850		10,872
Chicopee Bancorp, Inc.	261		4,385
Clifton Savings Bancorp, Inc.	529		6,591
Dime Community Bancshares, Inc.	830		11,919
Doral Financial Corp. (I)	3,913		2,757
ESB Financial Corp.	642		8,789
EverBank Financial Corp.	2,679		41,257
Federal Agricultural Mortgage Corp., Class C	323		9,945
Federal National Mortgage Association (I)(L)	30,524		20,909
First Defiance Financial Corp.	319		7,439
First Financial Northwest, Inc. (I)	873		6,818
Flagstar Bancorp, Inc. (I)	1,172		16,326
Flushing Financial Corp.	852		14,433
Fox Chase Bancorp, Inc.	564		9,526
Franklin Financial Corp.	539		9,837
Hampden Bancorp, Inc.	343		5,286
Heritage Financial Group, Inc.	505		7,312

368

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Thrifts & Mortgage Finance (continued)
HomeStreet, Inc. (I)	394	$	8,802
Hudson City Bancorp, Inc.	12,343		106,644
IMPAC Mortgage Holdings, Inc. (I)	266		2,713
Kearny Financial Corp.	1,615		16,473
Meridian Interstate Bancorp, Inc. (I)	515		9,656
MGIC Investment Corp. (I)	4,683		23,181
NASB Financial, Inc. (I)(L)	241		5,073
New York Community Bancorp, Inc. (L)	10,122		145,251
Northfield Bancorp, Inc.	1,491		16,938
Northwest Bancshares, Inc.	1,224		15,533
Ocean Shore Holding Company	528		7,920
OceanFirst Financial Corp.	794		11,449
Ocwen Financial Corp. (I)	3,104		117,704
Oritani Financial Corp.	1,190		18,433
People’s United Financial, Inc.	8,054		108,246
Provident Financial Holdings, Inc.	475		8,080
Provident Financial Services, Inc.	1,435		21,912
Provident New York Bancorp	1,226		11,120
Radian Group, Inc.	3,649		39,081
Rockville Financial, Inc.	992		12,856
Roma Financial Corp.	941		15,112
Security National Financial Corp. (I)	420		3,016
SI Financial Group, Inc.	581		7,024
Teche Holding Company	194		8,003
Territorial Bancorp, Inc.	483		11,486
TFS Financial Corp. (I)	7,160		77,543
Timberland Bancorp, Inc.	608		4,986
Tree.com, Inc.	454		8,394
TrustCo Bank Corp.	2,990		16,684
ViewPoint Financial Group	889		17,878
Walker & Dunlop, Inc. (I)	894		16,065
Washington Federal, Inc.	2,029		35,508
Waterstone Financial, Inc. (I)	833		6,889
Westfield Financial, Inc.	1,133		8,815
WSFS Financial Corp.	229		11,139

			1,292,168

			73,224,341
Health Care - 10.9%
Biotechnology - 2.0%
Aastrom Biosciences Inc (I)	3,164		2,215
Acadia Pharmaceuticals, Inc. (I)	842		6,685
Achillion Pharmaceuticals, Inc. (I)	1,982		17,323
Acorda Therapeutics, Inc. (I)	997		31,934
Aegerion Pharmaceuticals, Inc. (I)	628		25,334
Affymax, Inc. (I)	914		1,270
Agenus, Inc. (I)	742		2,886
Alexion Pharmaceuticals, Inc. (I)	4,418		407,075
Alkermes PLC (I)	3,094		73,359
Allos Therapeutics, Inc. (I)	2,833		0
Alnylam Pharmaceuticals, Inc. (I)	1,341		32,680
AMAG Pharmaceuticals, Inc. (I)	504		12,020
Amgen, Inc.	17,669		1,811,249
Amicus Therapeutics, Inc. (I)	2,133		6,762
Anacor Pharmaceuticals, Inc. (I)	1,512		9,768
Anthera Pharmaceuticals, Inc. (I)	971		631
Arena Pharmaceuticals, Inc. (I)(L)	4,811		39,498
Ariad Pharmaceuticals, Inc. (I)	3,830		69,285
Array BioPharma, Inc. (I)	2,419		11,901
Astex Pharmaceuticals (I)	2,106		9,393
AVEO Pharmaceuticals, Inc. (I)	937		6,887
BioCryst Pharmaceuticals, Inc. (I)	1,345		1,601
Biogen Idec, Inc. (I)	5,405		1,042,679


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Biotechnology (continued)
BioMarin Pharmaceutical, Inc. (I)(L)	2,818	$	175,449
Biospecifics Technologies Corp. (I)	213		3,632
Biota Pharmaceuticals, Inc.	370		1,502
Cel-Sci Corp. (I)	9,231		2,128
Celgene Corp. (I)	9,900		1,147,509
Cell Therapeutics, Inc. (I)	3,833		4,408
Celldex Therapeutics, Inc. (I)	1,790		20,728
Celsion Corp. (I)	529		555
Cepheid, Inc. (I)(L)	1,496		57,402
Chelsea Therapeutics International, Ltd. (I)	1,686		3,439
ChemoCentryx, Inc. (I)	366		5,058
Clovis Oncology, Inc. (I)	543		15,568
Codexis, Inc. (I)	682		1,630
Coronado Biosciences, Inc. (I)	808		7,854
Cubist Pharmaceuticals, Inc. (I)	1,446		67,702
Curis, Inc. (I)	1,723		5,651
Cyclacel Pharmaceuticals, Inc. (I)	637		3,561
Cytokinetics, Inc. (I)	3,553		4,050
Cytomedix, Inc. (I)	2,220		1,154
Cytori Therapeutics, Inc. (I)	1,530		3,840
CytRx Corp. (I)	916		2,492
Dendreon Corp. (I)(L)	3,465		16,389
Discovery Laboratories, Inc. (I)	1,667		3,817
Durata Therapeutics, Inc. (I)	473		4,257
Dyax Corp. (I)	861		3,754
Dynavax Technologies Corp. (I)	3,740		8,303
Emergent Biosolutions, Inc. (I)	908		12,694
Enzon Pharmaceuticals, Inc. (L)	1,758		6,680
Exact Sciences Corp. (I)	1,523		14,925
Exelixis, Inc. (I)(L)	4,652		21,492
Galena Biopharma, Inc. (I)	2,532		5,292
Genomic Health, Inc. (I)	747		21,125
Geron Corp. (I)(L)	2,658		2,844
Gilead Sciences, Inc. (I)	34,716		1,698,654
GTx, Inc. (I)	1,712		7,105
Halozyme Therapeutics, Inc. (I)(L)	2,595		14,973
Hyperion Therapeutics, Inc. (I)	371		9,579
Idenix Pharmaceuticals, Inc. (I)(L)	3,321		11,823
Idera Pharmaceuticals, Inc. (I)	1,889		945
ImmunoCellular Therapeutics, Ltd. (I)	2,073		5,680
Immunogen, Inc. (I)	1,931		31,012
Immunomedics, Inc. (I)	2,223		5,357
Incyte Corp. (I)(L)	3,053		71,471
Infinity Pharmaceuticals, Inc. (I)	970		47,016
Insmed, Inc. (I)	734		5,498
Intercept Pharmaceuticals, Inc. (I)	267		9,986
InterMune, Inc. (I)	1,581		14,308
Ironwood Pharmaceuticals, Inc. (I)(L)	2,647		48,414
Isis Pharmaceuticals, Inc. (I)(L)	2,245		38,030
Keryx Biopharmaceuticals Inc. (I)	135		950
Kythera Biopharmaceuticals, Inc. (I)	223		5,432
Lexicon Pharmaceuticals, Inc. (I)	11,846		25,824
Ligand Pharmaceuticals, Inc., Class B (I)	158		4,211
MannKind Corp. (I)(L)	5,031		17,055
Maxygen, Inc.	1,126		2,714
Medivation, Inc. (I)	1,732		81,006
Merrimack Pharmaceuticals, Inc. (I)	2,313		14,109
Metabolix, Inc. (I)	824		1,508
Momenta Pharmaceuticals, Inc. (I)	1,128		15,048
Myriad Genetics, Inc. (I)	1,918		48,717
Nanosphere, Inc. (I)	1,542		3,392
Neuralstem, Inc. (I)	3,449		3,863
Neurocrine Biosciences, Inc. (I)	1,654		20,080

369

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Biotechnology (continued)
NewLink Genetics Corp. (I)	768	$	9,423
Northwest Biotherapeutics, Inc. (I)	1,270		4,610
Novavax, Inc. (I)	4,882		11,131
NPS Pharmaceuticals, Inc. (I)(L)	2,218		22,601
Oncothyreon, Inc. (I)	1,961		4,079
Onyx Pharmaceuticals, Inc. (I)	1,490		132,401
Opko Health, Inc. (I)(L)	7,133		54,425
Orexigen Therapeutics, Inc. (I)	2,340		14,625
Osiris Therapeutics, Inc. (I)	1,011		10,514
PDL BioPharma, Inc. (L)	3,179		23,238
Peregrine Pharmaceuticals, Inc. (I)	3,151		4,222
Pharmacyclics, Inc. (I)	1,638		131,712
PharmAthene, Inc. (I)	2,050		3,485
Progenics Pharmaceuticals, Inc. (I)	2,051		11,055
Protalix BioTherapeutics, Inc. (I)(L)	2,723		14,949
Raptor Pharmaceutical Corp. (I)	1,261		7,377
Regeneron Pharmaceuticals, Inc. (I)	2,222		391,961
Regulus Therapeutics, Inc. (I)	769		5,960
Repligen Corp. (I)(L)	1,012		6,993
Rigel Pharmaceuticals, Inc. (I)	2,154		14,626
Sangamo Biosciences, Inc. (I)	1,339		12,801
Sarepta Therapeutics, Inc. (I)(L)	590		21,801
Savient Pharmaceuticals, Inc. (I)(L)	1,834		1,467
Seattle Genetics, Inc. (I)(L)	2,734		97,084
SIGA Technologies, Inc. (I)	1,202		4,303
Spectrum Pharmaceuticals, Inc. (L)	1,314		9,802
Sunesis Pharmaceuticals, Inc. (I)	1,601		8,757
Synageva BioPharma Corp. (I)	551		30,261
Synergy Pharmaceuticals, Inc. (I)	1,368		8,304
Synta Pharmaceuticals Corp. (I)	1,907		16,400
Targacept, Inc. (I)	722		3,090
TESARO, Inc. (I)	366		8,037
Theravance, Inc. (I)	2,289		54,066
Threshold Pharmaceuticals, Inc. (I)	1,171		5,398
Trovagene, Inc. (I)	540		3,380
Unigene Laboratories, Inc. (I)	3,859		326
United Therapeutics Corp. (I)	1,150		70,001
Vanda Pharmaceuticals, Inc. (I)	813		3,187
Vertex Pharmaceuticals, Inc. (I)	4,956		272,481
Vical, Inc. (I)(L)	3,089		12,294
XOMA Corp. (I)	2,065		7,207
Zalicus, Inc. (I)	2,383		1,589
ZIOPHARM Oncology, Inc. (I)(L)	2,641		4,833

			9,079,335
Health Care Equipment & Supplies - 1.8%
Abaxis, Inc. (L)	587		27,777
Abbott Laboratories	36,038		1,272,862
ABIOMED, Inc. (I)(L)	856		15,982
Accuray, Inc. (I)	1,959		9,090
Alere, Inc. (I)	1,898		48,456
Align Technology, Inc. (I)	1,916		64,205
Alphatec Holdings, Inc. (I)	2,105		4,442
Analogic Corp.	318		25,128
AngioDynamics, Inc. (I)	1,074		12,276
Antares Pharma, Inc. (I)	3,213		11,503
ArthroCare Corp. (I)	692		24,054
AtriCure, Inc. (I)	522		4,134
Atrion Corp.	62		11,903
Baxter International, Inc.	12,562		912,504
Becton, Dickinson and Company	4,592		439,041
Biolase, Inc. (I)	1,207		4,804
Boston Scientific Corp. (I)	32,944		257,293
C.R. Bard, Inc.	1,926		194,102


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Health Care Equipment & Supplies (continued)
Cantel Medical Corp.	272	$	8,176
Cardiovascular Systems, Inc. (I)	601		12,308
CareFusion Corp. (I)	5,094		178,239
Conceptus, Inc. (I)	813		19,634
CONMED Corp.	746		25,409
Cyberonics, Inc. (I)	620		29,022
Cynosure, Inc., Class A (I)	66		1,727
Delcath Systems, Inc. (I)	1,249		2,248
DENTSPLY International, Inc.	3,201		135,786
DexCom, Inc. (I)(L)	1,694		28,324
Edwards Lifesciences Corp. (I)	2,650		217,724
Endologix, Inc. (I)	1,563		25,242
EnteroMedics, Inc. (I)	2,044		2,044
Exactech, Inc. (I)	465		9,621
GenMark Diagnostics, Inc. (I)	864		11,163
Globus Medical, Inc., Class A (I)	1,728		25,367
Greatbatch, Inc. (I)	646		19,296
Haemonetics Corp. (I)	1,210		50,409
Hansen Medical, Inc. (I)	1,736		3,489
HeartWare International, Inc. (I)(L)	353		31,216
Hill-Rom Holdings, Inc.	1,350		47,547
Hologic, Inc. (I)	6,043		136,572
ICU Medical, Inc. (I)	360		21,222
IDEXX Laboratories, Inc. (I)	1,307		120,754
Insulet Corp. (I)	1,189		30,748
Integra LifeSciences Holdings Corp. (I)(L)	690		26,917
Intuitive Surgical, Inc. (I)	917		450,421
Invacare Corp.	804		10,492
LeMaitre Vascular, Inc.	746		4,551
MAKO Surgical Corp. (I)	1,016		11,328
Masimo Corp.	1,282		25,153
Medical Action Industries, Inc. (I)	647		3,882
Medtronic, Inc.	23,414		1,099,521
MELA Sciences, Inc. (I)	893		1,036
Meridian Bioscience, Inc. (L)	1,077		24,577
Merit Medical Systems, Inc. (I)	1,003		12,297
Natus Medical, Inc. (I)	845		11,357
Navidea Biopharmaceuticals, Inc. (I)	3,393		9,195
Neogen Corp. (I)	594		29,445
NuVasive, Inc. (I)	995		21,203
NxStage Medical, Inc. (I)	1,350		15,228
OraSure Technologies, Inc. (I)	1,641		8,861
Orthofix International NV (I)	450		16,142
PhotoMedex, Inc. (I)	575		9,252
Quidel Corp. (I)(L)	889		21,114
ResMed, Inc. (L)	3,239		150,160
RTI Biologics, Inc. (I)	1,955		7,703
Sirona Dental Systems, Inc. (I)	1,226		90,393
Spectranetics Corp. (I)	1,076		19,938
St. Jude Medical, Inc.	7,230		292,381
Staar Surgical Company (I)	873		4,915
STERIS Corp.	1,211		50,390
Stryker Corp.	8,748		570,720
SurModics, Inc. (I)	502		13,680
Symmetry Medical, Inc. (I)	1,015		11,622
Synergetics USA, Inc. (I)	781		2,710
Teleflex, Inc.	962		81,299
The Cooper Companies, Inc.	1,085		117,050
Thoratec Corp. (I)	1,365		51,188
TranS1, Inc. (I)	1,095		2,453
Unilife Corp. (I)	1,601		3,490
Uroplasty, Inc. (I)(L)	1,021		2,593
Varian Medical Systems, Inc. (I)	2,544		183,168

370

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (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)
Vascular Solutions, Inc. (I)	536	$	8,694
Volcano Corp. (I)(L)	1,271		28,292
West Pharmaceutical Services, Inc.	811		52,666
Wright Medical Group, Inc. (I)	1,188		28,286
Zimmer Holdings, Inc.	4,013		301,858

			8,420,464
Health Care Providers & Services - 1.9%
Acadia Healthcare Company, Inc. (I)	792		23,277
Accretive Health, Inc. (I)	2,325		23,622
Aetna, Inc.	7,690		393,113
Air Methods Corp. (L)	930		44,863
Almost Family, Inc.	242		4,944
Amedisys, Inc. (I)(L)	738		8,207
AmerisourceBergen Corp.	5,788		297,793
AMN Healthcare Services, Inc. (I)	1,002		15,862
Amsurg Corp. (I)	790		26,576
Assisted Living Concepts, Inc., Class A	455		5,410
Bio-Reference Labs, Inc. (I)(L)	734		19,069
BioScrip, Inc. (I)	1,315		16,714
Brookdale Senior Living, Inc. (I)	2,906		81,019
Capital Senior Living Corp. (I)	703		18,580
Cardinal Health, Inc.	7,854		326,883
CardioNet, Inc. (I)	1,057		2,569
Catamaran Corp. (I)	4,630		245,529
Centene Corp. (I)	1,186		52,231
Chemed Corp.	429		34,311
Cigna Corp.	6,621		412,952
Community Health Systems, Inc.	2,086		98,856
Corvel Corp. (I)	332		16,431
Coventry Health Care, Inc.	3,069		144,335
DaVita HealthCare Partners, Inc. (I)	2,170		257,340
Emeritus Corp. (I)	1,079		29,985
ExamWorks Group, Inc. (I)(L)	1,017		17,614
Express Scripts Holding Company (I)	18,619		1,073,385
Five Star Quality Care, Inc. (I)	1,369		9,159
Gentiva Health Services, Inc. (I)(L)	809		8,753
Hanger, Inc. (I)	841		26,517
HCA Holdings, Inc.	10,083		409,672
Health Management
Associates, Inc., Class A (I)	6,080		78,250
Health Net, Inc. (I)	1,806		51,688
HealthSouth Corp. (I)	2,288		60,335
Healthways, Inc. (I)	968		11,858
Henry Schein, Inc. (I)(L)	2,015		186,488
Humana, Inc.	3,725		257,435
IPC The Hospitalist Company, Inc. (I)	426		18,948
Kindred Healthcare, Inc. (I)(L)	1,247		13,131
Laboratory Corp. of America Holdings (I)	2,185		197,087
Landauer, Inc. (L)	263		14,828
LCA-Vision, Inc. (I)	715		2,402
LHC Group, Inc. (I)	506		10,874
LifePoint Hospitals, Inc. (I)(L)	1,152		55,826
Magellan Health Services, Inc. (I)	512		24,356
McKesson Corp.	5,420		585,143
MedCath Corp.	613		840
MEDNAX, Inc. (I)(L)	1,135		101,730
Molina Healthcare, Inc. (I)(L)	1,059		32,691
MWI Veterinary Supply, Inc. (I)(L)	319		42,191
National Healthcare Corp.	369		16,871
National Research Corp.	200		11,608
Omnicare, Inc. (L)	2,545		103,632
Owens & Minor, Inc. (L)	1,324		43,109
Patterson Companies, Inc.	2,455		93,388


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Health Care Providers & Services (continued)
PDI, Inc. (I)	770	$	4,543
PharMerica Corp. (I)	818		11,452
Quest Diagnostics, Inc.	3,650		206,043
RadNet, Inc. (I)	1,485		4,158
Select Medical Holdings Corp.	3,255		29,295
Skilled Healthcare Group, Inc., Class A (I)(L)	1,126		7,398
Team Health Holdings, Inc. (I)	1,609		58,535
Tenet Healthcare Corp. (I)	2,362		112,384
The Ensign Group, Inc.	547		18,270
The Providence Service Corp. (I)	384		7,100
Triple-S Management Corp., Class B (I)	5		87
UnitedHealth Group, Inc.	23,721		1,357,078
Universal American Corp.	1,908		15,894
Universal Health Services, Inc., Class B	2,207		140,961
US Physical Therapy, Inc.	377		10,122
Vanguard Health Systems, Inc. (I)	1,912		28,431
VCA Antech, Inc. (I)	2,095		49,212
WellCare Health Plans, Inc. (I)	1,019		59,061
WellPoint, Inc.	7,483		495,599

			8,775,903
Health Care Technology - 0.2%
Allscripts Healthcare Solutions, Inc. (I)	3,888		52,838
athenahealth, Inc. (I)	854		82,872
Cerner Corp. (I)	3,921		371,515
Computer Programs & Systems, Inc. (L)	275		14,880
Greenway Medical Technologies, Inc. (I)(L)	752		11,957
HealthStream, Inc. (I)	711		16,310
HMS Holdings Corp. (I)(L)	2,028		55,060
MedAssets, Inc. (I)	1,448		27,874
Medidata Solutions, Inc. (I)	654		37,919
Merge Healthcare, Inc. (I)	1,992		5,757
Omnicell, Inc. (I)	189		3,568
Quality Systems, Inc.	1,382		25,263
Vocera Communications, Inc. (I)(L)	551		12,673

			718,486
Life Sciences Tools & Services - 0.5%
Affymetrix, Inc. (I)	2,012		9,497
Agilent Technologies, Inc.	8,024		336,767
Apricus Biosciences, Inc. (I)	775		2,077
BG Medicine, Inc. (I)	1,563		2,907
Bio-Rad Laboratories, Inc., Class A (I)	662		83,412
Bruker Corp. (I)	3,989		76,190
Cambrex Corp. (I)	678		8,672
Charles River
Laboratories International, Inc. (I)	1,154		51,088
Covance, Inc. (I)	1,248		92,751
Enzo Biochem, Inc. (I)	1,398		3,523
Illumina, Inc. (I)	2,824		152,496
Life Technologies Corp. (I)	3,998		258,391
Luminex Corp. (I)	925		15,281
Mettler-Toledo International, Inc. (I)	711		151,599
Pacific Biosciences of California, Inc. (I)	960		2,390
PAREXEL International Corp. (I)	1,448		57,210
PerkinElmer, Inc.	2,680		90,155
Sequenom, Inc. (I)(L)	2,766		11,479
Techne Corp.	739		50,141
Thermo Fisher Scientific, Inc.	8,395		642,134
Waters Corp. (I)	2,012		188,947

			2,287,107
Pharmaceuticals - 4.5%
AbbVie, Inc.	36,038		1,469,630

371

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Pharmaceuticals (continued)
Acelrx Pharmaceuticals, Inc. (I)	1,016	$	5,243
Actavis, Inc. (I)	2,927		269,606
Acura Pharmaceuticals, Inc. (I)	1,383		2,946
Akorn, Inc. (I)(L)	2,250		31,118
Alexza Pharmaceuticals, Inc. (I)	317		1,401
Alimera Sciences, Inc. (I)	713		2,189
Allergan, Inc.	7,068		789,001
Ampio Pharmaceuticals, Inc. (I)	1,153		5,269
Auxilium Pharmaceuticals, Inc. (I)	1,190		20,563
AVANIR Pharmaceuticals, Inc., Class A (I)	2,804		7,683
Biosante Pharmaceuticals, Inc. (I)(L)	448		524
Bristol-Myers Squibb Company	38,590		1,589,522
Cadence Pharmaceuticals, Inc. (I)(L)	2,397		16,036
Cempra, Inc. (I)	651		4,394
Columbia Laboratories, Inc. (I)	2,813		1,665
Corcept Therapeutics, Inc. (I)	2,007		4,014
Cornerstone Therapeutics, Inc. (I)	761		5,380
Cumberland Pharmaceuticals, Inc. (I)	672		3,347
Depomed, Inc. (I)	1,587		9,316
Durect Corp. (I)	2,824		3,756
Eli Lilly & Company	26,651		1,513,510
Endo Health Solutions, Inc. (I)	2,619		80,560
Endocyte, Inc. (I)(L)	1,181		14,703
Forest Laboratories, Inc. (I)	6,116		232,653
Forest Laboratories, Inc.
(German Exchange) (I)	686		398
Hi-Tech Pharmacal Company, Inc. (L)	366		12,118
Horizon Pharma, Inc. (I)	977		2,648
Hospira, Inc. (I)	3,794		124,557
Impax Laboratories, Inc. (I)	1,658		25,600
Indevus Pharmaceuticals, Inc. (I)	2,544		0
Johnson & Johnson	63,346		5,164,599
Merck & Company, Inc.	69,982		3,095,304
Mylan, Inc. (I)	9,308		269,374
Nektar Therapeutics (I)	2,587		28,457
Obagi Medical Products, Inc. (I)	555		10,961
Omeros Corp. (I)	1,116		4,598
Optimer Pharmaceuticals, Inc. (I)	1,209		14,387
Pacira Pharmaceuticals, Inc. (I)	778		22,453
Pain Therapeutics, Inc. (I)	1,407		4,826
Pernix Therapeutics Holdings (I)	748		3,710
Perrigo Company	2,143		254,438
Pfizer, Inc.	171,598		4,952,318
Pozen, Inc. (I)	1,227		6,466
Questcor Pharmaceuticals, Inc. (L)	1,339		43,571
Sagent Pharmaceuticals, Inc. (I)(L)	726		12,741
Salix Pharmaceuticals, Ltd. (I)	1,317		67,404
Santarus, Inc. (I)	1,623		28,127
Sciclone Pharmaceuticals, Inc. (I)(L)	1,138		5,235
Sucampo Pharmaceuticals, Inc., Class A (I)	1,511		9,882
Supernus Pharmaceuticals, Inc. (I)	844		4,743
The Medicines Company (I)	1,210		40,438
Transcept Pharmaceuticals, Inc. (I)	476		2,280
Trubion Pharmaceuticals, Inc. (I)	1,161		0
Ventrus Biosciences, Inc. (I)	458		1,369
ViroPharma, Inc. (I)(L)	1,671		42,042
Vivus, Inc. (I)(L)	2,325		25,575
XenoPort, Inc. (I)	1,347		9,631
Zogenix, Inc. (I)	4,904		8,827

			20,383,106

			49,664,401


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Industrials - 10.2%
Aerospace & Defense - 2.1%
AAR Corp.	1,006	$	18,500
Aerovironment, Inc. (I)	570		10,334
Alliant Techsystems, Inc.	687		49,759
American Science & Engineering, Inc.	220		13,418
API Technologies Corp. (I)	1,409		3,494
Astronics Corp. (I)	396		11,809
B/E Aerospace, Inc. (I)	2,360		142,284
CPI Aerostructures, Inc. (I)	277		2,374
Cubic Corp.	656		28,024
Curtiss-Wright Corp.	1,137		39,454
DigitalGlobe, Inc. (I)	1,782		51,518
Engility Holdings, Inc. (I)	390		9,352
Esterline Technologies Corp. (I)	729		55,185
Exelis, Inc.	4,311		46,947
GenCorp, Inc. (I)(L)	1,536		20,429
General Dynamics Corp.	8,111		571,907
HEICO Corp., Class A	1,272		43,642
Hexcel Corp. (I)	2,343		67,970
Honeywell International, Inc.	17,929		1,350,950
Huntington Ingalls Industries, Inc.	1,174		62,609
Kratos Defense &
Security Solutions, Inc. (I)(L)	1,499		7,540
L-3 Communications Holdings, Inc.	2,209		178,752
LMI Aerospace, Inc. (I)	376		7,817
Lockheed Martin Corp.	7,434		717,530
Moog, Inc., Class A (I)	1,069		48,992
National Presto Industries, Inc.	167		13,444
Northrop Grumman Corp.	5,675		398,101
Orbital Sciences Corp. (I)	1,479		24,685
Precision Castparts Corp.	3,343		633,900
Raytheon Company	7,615		447,686
Rockwell Collins, Inc. (L)	3,267		206,213
SIFCO Industries, Inc.	288		5,302
Sparton Corp. (I)	344		4,610
Spirit Aerosystems Holdings, Inc., Class A (I)	3,191		60,597
Sypris Solutions, Inc.	379		1,584
Taser International, Inc. (I)	1,601		12,728
Teledyne Technologies, Inc. (I)	778		61,026
Textron, Inc.	6,428		191,619
The Boeing Company	17,270		1,482,630
The KEYW Holding Corp. (I)	815		13,146
TransDigm Group, Inc.	1,172		179,222
Triumph Group, Inc.	1,147		90,040
United Technologies Corp.	20,953		1,957,639

			9,344,762
Air Freight & Logistics - 0.7%
Air Transport Services Group, Inc. (I)	1,747		10,185
Atlas Air Worldwide Holdings, Inc. (I)	649		26,453
C.H. Robinson Worldwide, Inc.	3,702		220,121
Echo Global Logistics, Inc. (I)	676		14,953
Expeditors International of Washington, Inc.	4,831		172,515
FedEx Corp.	7,211		708,120
Forward Air Corp.	684		25,506
Hub Group, Inc., Class A (I)	839		32,268
Pacer International, Inc. (I)	1,603		8,063
Park-Ohio Holdings Corp. (I)	343		11,364
United Parcel Service, Inc., Class B	21,997		1,889,542
UTi Worldwide, Inc.	2,522		36,519
XPO Logistics, Inc. (I)(L)	567		9,548

			3,165,157

372

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Airlines - 0.3%
Alaska Air Group, Inc. (I)	1,567	$	100,225
Allegiant Travel Company	464		41,194
Delta Air Lines, Inc. (I)	19,504		322,011
Hawaiian Holdings, Inc. (I)	1,540		8,870
JetBlue Airways Corp. (I)(L)	6,490		44,781
Republic Airways Holdings, Inc. (I)	1,141		13,167
SkyWest, Inc.	1,088		17,462
Southwest Airlines Company	17,283		232,975
Spirit Airlines, Inc. (I)	1,580		40,069
United Continental Holdings, Inc. (I)	7,681		245,869
US Airways Group, Inc. (I)(L)	3,842		65,199

			1,131,822
Building Products - 0.2%
AAON, Inc.	644		17,768
American Woodmark Corp. (I)	40		1,361
AO Smith Corp.	1,103		81,148
Apogee Enterprises, Inc.	713		20,641
Armstrong World Industries, Inc. (I)(L)	1,369		76,513
Builders FirstSource, Inc. (I)(L)	2,899		16,988
Fortune Brands Home & Security, Inc. (I)	3,790		141,860
Gibraltar Industries, Inc. (I)	947		17,283
Griffon Corp.	1,661		19,799
Insteel Industries, Inc.	563		9,188
Lennox International, Inc.	1,177		74,728
Masco Corp.	8,300		168,075
NCI Building Systems, Inc. (I)	696		12,090
Nortek, Inc. (I)	223		15,913
Owens Corning, Inc. (I)	2,708		106,776
PGT, Inc. (I)	2,222		15,265
Quanex Building Products Corp.	980		15,778
Simpson Manufacturing Company, Inc. (L)	1,094		33,487
Trex Company, Inc. (I)	422		20,754
Universal Forest Products, Inc.	257		10,231
USG Corp. (I)	2,526		66,787

			942,433
Commercial Services & Supplies - 0.6%
ABM Industries, Inc.	1,288		28,645
ACCO Brands Corp. (I)	2,455		16,399
ARC Document Solutions, Inc. (I)	873		2,602
Avery Dennison Corp. (L)	2,321		99,965
Casella Waste Systems, Inc., Class A (I)	1,234		5,393
Cintas Corp. (L)	2,871		126,697
Clean Harbors, Inc. (I)(L)	1,383		80,338
Consolidated Graphics, Inc. (I)	278		10,870
Copart, Inc. (I)	2,964		101,606
Corrections Corp. of America	2,313		90,369
Covanta Holding Corp.	3,037		61,196
Deluxe Corp. (L)	1,221		50,549
EnergySolutions, Inc. (I)	2,503		9,386
EnerNOC, Inc. (I)(L)	701		12,176
Ennis, Inc.	718		10,820
Fuel Tech, Inc. (I)	793		3,426
G&K Services, Inc., Class A	454		20,662
Healthcare Services Group, Inc. (L)	1,683		43,135
Heritage-Crystal Clean, Inc. (I)	385		5,814
Herman Miller, Inc.	1,386		38,351
HNI Corp. (L)	1,139		40,423
Hudson Technologies, Inc. (I)	1,078		4,366
InnerWorkings, Inc. (I)	1,268		19,198
Interface, Inc.	1,612		30,983
Intersections, Inc.	680		6,399
Iron Mountain, Inc.	4,363		158,421


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Commercial Services & Supplies (continued)
KAR Auction Services, Inc.	3,078	$	61,652
Kimball International, Inc., Class B	1,061		9,613
Knoll, Inc.	1,200		21,756
McGrath RentCorp.	612		19,033
Metalico, Inc. (I)	1,349		2,185
Mine Safety Appliances Company	820		40,688
Mobile Mini, Inc. (I)(L)	1,167		34,345
Multi-Color Corp.	400		10,316
NL Industries, Inc.	1,224		15,214
Performant Financial Corp. (I)	421		5,170
Pitney Bowes, Inc. (L)	4,595		68,282
Quad/Graphics, Inc. (L)	1,184		28,345
R.R. Donnelley & Sons Company (L)	4,094		49,333
Republic Services, Inc. (L)	8,563		282,579
Rollins, Inc.	3,435		84,329
Schawk, Inc.	698		7,671
Standard Parking Corp. (I)	481		9,957
Steelcase, Inc., Class A	3,134		46,164
Stericycle, Inc. (I)	1,973		209,493
Swisher Hygiene, Inc. (I)	4,502		5,808
Team, Inc. (I)	244		10,021
Tetra Tech, Inc. (I)	1,545		47,107
The Brink’s Company	1,094		30,916
The Geo Group, Inc.	1,733		65,195
TMS International Corp., Class A (I)	1,082		14,282
UniFirst Corp.	375		33,938
United Stationers, Inc.	1,007		38,921
US Ecology, Inc.	556		14,762
Versar, Inc. (I)	1,039		4,488
Viad Corp.	118		3,264
Waste Connections, Inc. (L)	2,839		102,147
Waste Management, Inc.	10,743		421,233

			2,876,396
Construction & Engineering - 0.3%
AECOM Technology Corp. (I)	2,650		86,920
Aegion Corp. (I)	1,004		23,243
Ameresco, Inc., Class A (I)	405		2,997
Chicago Bridge & Iron Company NV	193		11,985
Comfort Systems USA, Inc.	1,123		15,823
Dycom Industries, Inc. (I)	863		16,992
EMCOR Group, Inc.	1,435		60,830
Fluor Corp.	3,857		255,835
Furmanite Corp. (I)	1,469		9,828
Granite Construction, Inc.	951		30,280
Great Lakes Dredge & Dock Corp.	21		141
Jacobs Engineering Group, Inc. (I)	2,986		167,933
KBR, Inc.	3,378		108,366
Layne Christensen Company (I)(L)	532		11,374
MasTec, Inc. (I)(L)	1,643		47,893
Michael Baker Corp.	258		6,321
MYR Group, Inc. (I)	561		13,778
Northwest Pipe Company (I)	260		7,275
Orion Marine Group, Inc. (I)	763		7,584
Pike Electric Corp.	949		13,504
Primoris Services Corp.	1,267		28,013
Quanta Services, Inc. (I)	4,851		138,642
Sterling Construction Company, Inc. (I)	796		8,668
Tutor Perini Corp. (I)	1,191		22,986
URS Corp.	1,743		82,636

			1,179,847
Electrical Equipment - 0.7%
Active Power, Inc. (I)	864		3,966

373

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Electrical Equipment (continued)
Acuity Brands, Inc.	944	$	65,466
American Electric Technologies, Inc. (I)	832		4,343
American Superconductor Corp. (I)	1,242		3,304
AMETEK, Inc.	5,550		240,648
AZZ, Inc.	1,024		49,357
Belden, Inc.	1,053		54,387
Brady Corp., Class A	1,044		35,005
Broadwind Energy, Inc. (I)	481		2,102
Capstone Turbine Corp. (I)	5,829		5,246
Coleman Cable, Inc.	773		11,595
Eaton Corp. PLC	10,627		650,904
Emerson Electric Company	16,766		936,716
Encore Wire Corp.	509		17,825
EnerSys, Inc. (I)	1,095		49,910
Enphase Energy, Inc. (I)	1,270		7,874
Espey Manufacturing & Electronics Corp.	162		4,212
Franklin Electric Company, Inc.	1,168		39,210
FuelCell Energy, Inc. (I)	236		223
General Cable Corp. (I)(L)	1,116		40,879
Global Power Equipment Group, Inc.	225		3,965
GrafTech International, Ltd. (I)(L)	2,967		22,787
Hubbell, Inc., Class B	1,387		134,692
II-VI, Inc. (I)(L)	1,532		26,105
Lighting Science Group Corp. (I)(L)	3,647		2,079
Lime Energy Co. (I)	1,109		832
Polypore International, Inc. (I)(L)	1,089		43,756
Powell Industries, Inc. (I)	1		53
Preformed Line Products Company	151		10,565
Regal-Beloit Corp.	935		76,259
Rockwell Automation, Inc.	3,265		281,933
Roper Industries, Inc.	2,252		286,702
The Babcock & Wilcox Company	2,792		79,321
Thermon Group Holdings, Inc. (I)	760		16,880
Valence Technology, Inc. (I)	5,079		113
Vicor Corp. (I)	1,178		5,855

			3,215,069
Industrial Conglomerates - 1.8%
3M Company	15,879		1,688,096
Carlisle Companies, Inc.	1,464		99,245
Danaher Corp.	15,984		993,406
General Electric Company	242,626		5,609,513
Raven Industries, Inc. (L)	906		30,451

			8,420,711
Machinery - 1.9%
Actuant Corp., Class A (L)	1,647		50,431
AGCO Corp.	2,222		115,811
Alamo Group, Inc.	343		13,120
Albany International Corp., Class A	756		21,848
Altra Holdings, Inc.	757		20,606
American Railcar Industries, Inc.	519		24,258
Ampco-Pittsburgh Corp. (L)	317		5,994
Astec Industries, Inc.	567		19,805
Barnes Group, Inc.	1,329		38,448
Blount International, Inc. (I)	1,228		16,431
Briggs & Stratton Corp. (L)	754		18,699
Cascade Corp.	279		18,129
Caterpillar, Inc.	15,016		1,305,942
Chart Industries, Inc. (I)(L)	708		56,647
Chicago Rivet & Machine Company	209		5,342
CIRCOR International, Inc.	465		19,763
CLARCOR, Inc.	1,194		62,542
Colfax Corp. (I)(L)	2,176		101,271


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Machinery (continued)
Commercial Vehicle Group, Inc. (I)	1,067	$	8,323
Crane Company	1,269		70,886
Cummins, Inc.	4,395		508,985
Deere & Company (L)	8,994		773,304
Donaldson Company, Inc.	3,471		125,615
Douglas Dynamics, Inc.	897		12,397
Dover Corp.	4,223		307,772
Dynamic Materials Corp.	379		6,595
EnPro Industries, Inc. (I)(L)	496		25,380
ESCO Technologies, Inc.	685		27,989
Federal Signal Corp. (I)	1,496		12,177
Flowserve Corp.	1,180		197,898
FreightCar America, Inc.	399		8,706
Gardner Denver, Inc.	1,122		84,273
Graco, Inc.	1,344		77,992
Graham Corp.	360		8,906
Greenbrier Companies, Inc. (I)(L)	617		14,012
Hardinge, Inc.	508		6,924
Harsco Corp.	1,823		45,156
Hyster-Yale Materials Handling, Inc.	293		16,727
Hyster-Yale Materials Handling, Inc., Class B	208		11,875
IDEX Corp.	1,962		104,810
Illinois Tool Works, Inc.	10,773		656,507
ITT Corp.	2,155		61,267
John Bean Technologies Corp.	744		15,438
Joy Global, Inc.	2,471		147,074
Kadant, Inc. (I)	356		8,900
Kaydon Corp.	801		20,490
Kennametal, Inc.	1,834		71,599
LB Foster Company, Class A	282		12,490
Lincoln Electric Holdings, Inc.	1,905		103,213
Lindsay Corp.	317		27,953
Lydall, Inc. (I)	557		8,550
Manitex International, Inc. (I)	420		5,212
Meritor, Inc. (I)	2,106		9,961
Middleby Corp. (I)	404		61,469
Miller Industries, Inc.	337		5,409
Mueller Industries, Inc.	554		29,523
Mueller Water Products, Inc., Class A	4,056		24,052
Navistar International Corp. (I)(L)	1,809		62,537
Nordson Corp.	1,439		94,902
Oshkosh Corp. (I)	2,074		88,124
PACCAR, Inc.	8,151		412,115
Pall Corp.	2,659		181,796
Parker Hannifin Corp.	3,461		316,958
Pentair, Ltd.	4,856		256,154
PMFG, Inc. (I)	848		5,232
Proto Labs, Inc. (I)	564		27,692
RBC Bearings, Inc. (I)	550		27,808
Rexnord Corp. (I)	2,268		48,150
Sauer-Danfoss, Inc.	1,156		67,545
Snap-on, Inc.	1,315		108,751
SPX Corp.	1,155		91,199
Standex International Corp.	320		17,670
Stanley Black & Decker, Inc.	3,886		314,649
Sun Hydraulics Corp.	689		22,399
Tecumseh Products Company, Class A (I)	535		4,665
Tennant Company	271		13,160
Terex Corp. (I)(L)	2,504		86,188
The Eastern Company	226		3,964
The Gorman-Rupp Company	538		16,167
The LS Starrett Company, Class A	473		5,227
The Manitowoc Company, Inc.	3,212		66,039

374

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Machinery (continued)
The Toro Company	1,235	$	56,859
Timken Company	2,230		126,173
Titan International, Inc.	1,210		25,507
Trimas Corp. (I)	990		32,145
Trinity Industries, Inc. (L)	1,771		80,279
Twin Disc, Inc. (L)	312		7,825
Valmont Industries, Inc.	632		99,395
Wabash National Corp. (I)(L)	1,473		14,966
WABCO Holdings, Inc. (I)	1,477		104,261
Wabtec Corp.	1,089		111,198
Watts Water Technologies, Inc., Class A	657		31,529
Woodward, Inc.	1,542		61,310
Xerium Technologies, Inc. (I)	324		1,763
Xylem, Inc.	4,311		118,811

			8,852,008
Marine - 0.0%
Eagle Bulk Shipping, Inc. (I)	529		1,862
Genco Shipping & Trading, Ltd. (I)(L)	955		2,750
Kirby Corp. (I)	1,256		96,461
Matson, Inc.	1,025		25,215
Rand Logistics, Inc. (I)	557		3,412

			129,700
Professional Services - 0.3%
Acacia Research Corp. (I)	1,195		36,053
CBIZ, Inc. (I)(L)	1,604		10,234
CDI Corp.	578		9,942
CRA International, Inc. (I)	287		6,420
Equifax, Inc.	2,719		156,587
Exponent, Inc.	362		19,526
Franklin Covey Company (I)	557		8,093
FTI Consulting, Inc. (I)	1,037		39,053
Heidrick & Struggles International, Inc.	459		6,862
Hill International, Inc. (I)	1,724		5,155
Huron Consulting Group, Inc. (I)	570		22,982
ICF International, Inc. (I)	571		15,531
IHS, Inc., Class A (I)	1,496		156,661
Insperity, Inc.	655		18,582
Kelly Services, Inc., Class A	880		16,438
Kforce, Inc.	1,102		18,040
Korn/Ferry International (I)	1,149		20,521
ManpowerGroup, Inc.	1,845		104,648
Mistras Group, Inc. (I)	687		16,632
Navigant Consulting Company (I)	1,351		17,752
Odyssey Marine Exploration, Inc. (I)(L)	2,604		8,489
On Assignment, Inc. (I)	980		24,804
Pendrell Corp. (I)	6,139		10,191
Resources Connection, Inc.	976		12,395
Robert Half International, Inc.	3,317		124,487
RPX Corp. (I)	1,202		16,960
The Advisory Board Company (I)	788		41,386
The Corporate Executive Board Company	764		44,434
The Dolan Company (I)	898		2,146
The Dun & Bradstreet Corp. (L)	1,006		84,152
Towers Watson & Company, Class A	1,624		112,576
TrueBlue, Inc. (I)	1,126		23,804
Verisk Analytics, Inc., Class A (I)	3,767		232,160
VSE Corp.	167		4,173
WageWorks, Inc. (I)	353		8,836

			1,456,705
Road & Rail - 0.9%
Amerco, Inc.	457		79,308


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Road & Rail (continued)
Arkansas Best Corp.	705	$	8,234
Avis Budget Group, Inc. (I)	2,532		70,466
Celadon Group, Inc.	717		14,957
Con-way, Inc.	1,284		45,210
CSX Corp.	24,017		591,539
Genesee & Wyoming, Inc., Class A (I)	1,150		107,077
Heartland Express, Inc. (L)	1,982		26,440
Hertz Global Holdings, Inc. (I)	9,778		217,658
J.B. Hunt Transport Services, Inc. (L)	2,652		197,521
Kansas City Southern	2,536		281,242
Knight Transportation, Inc.	1,874		30,171
Landstar System, Inc.	934		53,322
Marten Transport, Ltd.	643		12,944
Norfolk Southern Corp.	7,759		598,064
Old Dominion Freight Line, Inc. (I)	1,173		44,809
Patriot Transportation Holding, Inc. (I)	282		7,845
Providence and Worcester Railroad Company	251		3,808
Quality Distribution, Inc. (I)	1,139		9,579
Roadrunner Transportation Systems, Inc. (I)	815		18,745
Ryder Systems, Inc.	1,195		71,401
Saia, Inc. (I)	429		15,517
Swift Transportation Company (I)	3,346		47,446
Union Pacific Corp.	10,894		1,551,415
Universal Truckload Services, Inc. (I)	521		12,155
USA Truck, Inc. (I)	383		1,881
Werner Enterprises, Inc. (L)	1,247		30,103
YRC Worldwide, Inc. (I)	304		2,295

			4,151,152
Trading Companies & Distributors - 0.4%
Air Lease Corp. (L)	2,268		66,498
Aircastle, Ltd.	1,601		21,902
Applied Industrial Technologies, Inc.	830		37,350
Beacon Roofing Supply, Inc. (I)(L)	1,131		43,724
BlueLinx Holdings, Inc. (I)	1,969		5,612
CAI International, Inc. (I)	572		16,485
DXP Enterprises, Inc. (I)	367		27,415
Edgen Group, Inc. (I)	1,131		8,177
Fastenal Company	6,825		350,464
GATX Corp.	997		51,814
H&E Equipment Services, Inc.	922		18,809
Houston Wire & Cable Company	638		8,262
Kaman Corp.	670		23,765
MRC Global, Inc. (I)	2,326		76,595
MSC Industrial Direct Company, Inc., Class A	1,442		123,695
Rush Enterprises, Inc., Class A (I)(L)	968		23,348
SeaCube Container Leasing, Ltd.	553		12,697
TAL International Group, Inc. (L)	812		36,792
Textainer Group Holdings, Ltd.	1,298		51,336
Titan Machinery, Inc. (I)(L)	544		15,096
United Rentals, Inc. (I)(L)	2,105		115,712
W.W. Grainger, Inc.	1,618		364,018
Watsco, Inc. (L)	810		68,186
WESCO International, Inc. (I)(L)	1,020		74,062
Willis Lease Finance Corp. (I)	469		7,091

			1,648,905
Transportation Infrastructure - 0.0%
Macquarie Infrastructure Company LLC	1,113		60,147
Wesco Aircraft Holdings, Inc. (I)(L)	2,091		30,780

			90,927

			46,605,594

375

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Information Technology - 16.8%
Communications Equipment - 1.6%
Acme Packet, Inc. (I)	1,538	$	44,940
ADTRAN, Inc.	1,539		30,241
Arris Group, Inc. (I)	2,666		45,775
Aruba Networks, Inc. (I)(L)	2,538		62,790
Aviat Networks, Inc. (I)	1,974		6,652
Bel Fuse, Inc., Class B	373		5,823
Black Box Corp.	458		9,989
Brocade Communications Systems, Inc. (I)	10,964		63,262
CalAmp Corp. (I)	938		10,290
Calix, Inc. (I)	1,421		11,581
Ciena Corp. (I)	2,331		37,319
Cisco Systems, Inc.	123,097		2,573,958
Clearone, Inc. (I)	964		8,358
Comtech Telecommunications Corp.	545		13,233
Dialogic, Inc. (I)	241		429
Digi International, Inc. (I)	713		6,367
EchoStar Corp., Class A (I)	2,062		80,356
Emcore Corp. (I)	763		4,441
Emulex Corp. (I)	2,134		13,935
Extreme Networks, Inc. (I)	2,730		9,200
F5 Networks, Inc. (I)	1,819		162,037
Finisar Corp. (I)(L)	2,207		29,110
Globecomm Systems, Inc. (I)	752		9,032
Harmonic, Inc. (I)	2,721		15,755
Harris Corp.	2,560		118,630
Infinera Corp. (I)(L)	2,668		18,676
InterDigital, Inc. (L)	948		45,343
Ixia (I)(L)	1,783		38,584
JDS Uniphase Corp. (I)	5,390		72,064
Juniper Networks, Inc. (I)	12,156		225,372
Loral Space & Communications, Inc.	486		30,074
Meru Networks, Inc. (I)	433		2,923
Motorola Solutions, Inc.	6,604		422,854
NETGEAR, Inc. (I)(L)	889		29,790
Numerex Corp., Class A (I)	471		6,024
Oplink Communications, Inc. (I)	639		10,480
Palo Alto Networks, Inc. (I)	1,529		86,541
Plantronics, Inc.	862		38,092
Polycom, Inc. (I)	4,160		46,093
Powerwave Technologies, Inc. (I)(L)	912		21
Procera Networks, Inc. (I)	608		7,229
QUALCOMM, Inc.	39,141		2,620,490
Riverbed Technology, Inc. (I)	3,658		54,541
ShoreTel, Inc. (I)	1,320		4,792
Sonus Networks, Inc. (I)	7,104		18,399
Sycamore Networks, Inc.	773		286
Symmetricom, Inc. (I)	1,285		5,834
Tellabs, Inc.	8,690		18,162
Tessco Technologies, Inc.	309		6,687
Ubiquiti Networks, Inc.	2,142		29,388
ViaSat, Inc. (I)(L)	1,021		49,457

			7,261,699
Computers & Peripherals - 3.0%
3D Systems Corp. (I)(L)	1,879		60,579
Apple, Inc.	21,540		9,534,250
Avid Technology, Inc. (I)	1,037		6,502
Cray, Inc. (I)	1,015		23,558
Dell, Inc.	39,906		571,853
Diebold, Inc.	1,365		41,387
Dot Hill Systems Corp. (I)	2,398		2,638
Electronics for Imaging, Inc. (I)	1,141		28,936


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Computers & Peripherals (continued)
EMC Corp. (I)	48,212	$	1,151,785
Fusion-io, Inc. (I)(L)	2,174		35,588
Hewlett-Packard Company	45,268		1,079,189
Hutchinson Technology, Inc. (I)(L)	1,471		4,045
Immersion Corp. (I)	986		11,576
Intermec, Inc. (I)	746		7,333
Intevac, Inc. (I)	1,120		5,286
Lexmark International, Inc., Class A	1,611		42,530
NCR Corp. (I)	3,727		102,716
NetApp, Inc. (I)	8,365		285,748
Novatel Wireless, Inc. (I)	1,074		2,137
OCZ Technology Group, Inc. (I)	1,924		3,463
QLogic Corp. (I)	2,269		26,320
Quantum Corp. (I)	5,832		7,465
Rimage Corp.	348		3,139
SanDisk Corp. (I)	5,567		306,185
Silicon Graphics International Corp. (I)	836		11,495
STEC, Inc. (I)	971		4,292
Super Micro Computer, Inc. (I)	1,005		11,346
Synaptics, Inc. (I)	749		30,477
Western Digital Corp.	5,679		285,540

			13,687,358
Electronic Equipment, Instruments & Components - 0.6%
Aeroflex Holding Corp. (I)	2,123		16,687
Amphenol Corp., Class A	3,694		275,757
Anixter International, Inc. (L)	773		54,048
Arrow Electronics, Inc. (I)	2,459		99,885
Audience, Inc. (I)	394		6,009
Avnet, Inc. (I)	3,210		116,202
AVX Corp.	4,025		47,898
Badger Meter, Inc.	124		6,636
Benchmark Electronics, Inc. (I)	1,407		25,354
Checkpoint Systems, Inc. (I)	1,010		13,191
Cognex Corp.	1,002		42,234
Coherent, Inc.	547		31,037
Corning, Inc.	34,307		457,312
CTS Corp.	1,059		11,056
Daktronics, Inc.	1,274		13,377
Document Security Systems, Inc. (I)	1,772		4,022
Dolby Laboratories, Inc., Class A (L)	2,336		78,396
DTS, Inc. (I)(L)	507		8,431
Echelon Corp. (I)	1,218		2,972
Electro Rent Corp.	657		12,181
Electro Scientific Industries, Inc.	747		8,254
eMagin Corp. (L)	820		2,813
FARO Technologies, Inc. (I)	470		20,393
FEI Company	864		55,771
FLIR Systems, Inc.	3,439		89,448
GSI Group, Inc. (I)	463		3,949
Identive Group, Inc. (I)	1,823		2,698
Ingram Micro, Inc., Class A (I)	3,345		65,830
Insight Enterprises, Inc. (I)	950		19,589
InvenSense, Inc. (I)	1,889		20,175
IPG Photonics Corp. (L)	1,210		80,356
Itron, Inc. (I)(L)	903		41,899
Jabil Circuit, Inc.	4,707		86,985
KEMET Corp. (I)	880		5,500
Littelfuse, Inc.	423		28,701
Maxwell Technologies, Inc. (I)	724		3,902
Measurement Specialties, Inc. (I)	401		15,948
Mercury Computer Systems, Inc. (I)	689		5,078
Mesa Laboratories, Inc.	139		7,366
Methode Electronics, Inc.	1,111		14,310

376

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (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)
Molex, Inc. (L)	4,046	$	118,467
MTS Systems Corp.	413		24,016
Multi-Fineline Electronix, Inc. (I)	505		7,792
National Instruments Corp.	2,850		93,338
Netlist, Inc. (I)	1,027		801
Newport Corp. (I)	1,112		18,815
OSI Systems, Inc. (I)	477		29,712
Park Electrochemical Corp.	597		15,128
PC Connection, Inc.	876		14,323
Plexus Corp. (I)	830		20,177
Power-One, Inc. (I)(L)	3,206		13,305
Pulse Electronics Corp. (I)	1,379		559
Radisys Corp. (I)	794		3,906
RealD, Inc. (I)(L)	1,198		15,574
RF Industries, Ltd.	926		6,334
Richardson Electronics, Ltd.	668		7,922
Rofin-Sinar Technologies, Inc. (I)(L)	720		19,505
Rogers Corp. (I)	398		18,953
Sanmina Corp. (I)	2,020		22,947
ScanSource, Inc. (I)	664		18,738
SYNNEX Corp. (I)(L)	897		33,189
Tech Data Corp. (I)	794		36,214
Trimble Navigation, Ltd. (I)	5,812		174,128
TTM Technologies, Inc. (I)	1,990		15,124
Universal Display Corp. (I)	1,115		32,770
Viasystems Group, Inc. (I)	571		7,446
Vishay Intertechnology, Inc. (I)(L)	3,125		42,531
Zygo Corp. (I)	412		6,102

			2,719,466
Internet Software & Services - 2.6%
Akamai Technologies, Inc. (I)	4,091		144,371
Angie’s List, Inc. (I)	1,342		26,518
AOL, Inc. (I)	1,895		72,939
Bankrate, Inc. (I)	2,362		28,202
Bazaarvoice, Inc. (I)	1,789		13,095
Blucora, Inc. (I)	929		14,381
Brightcove, Inc. (I)	656		4,074
BroadVision, Inc. (I)(L)	124		1,092
Carbonite, Inc. (I)	665		7,282
comScore, Inc. (I)	810		13,592
Constant Contact, Inc. (I)	664		8,619
Cornerstone OnDemand, Inc. (I)(L)	1,194		40,715
CoStar Group, Inc. (I)	653		71,477
Dealertrack Technologies, Inc. (I)	935		27,470
Demand Media, Inc. (I)	1,798		15,517
Demandware, Inc. (I)	665		16,858
Dice Holdings, Inc. (I)	839		8,499
Digital River, Inc. (I)	987		13,956
E2open, Inc. (I)	284		5,663
EarthLink, Inc.	2,349		12,732
eBay, Inc. (I)	29,606		1,605,237
Envestnet, Inc. (I)	867		15,181
Equinix, Inc. (I)(L)	1,116		241,402
ExactTarget, Inc. (I)	1,466		34,114
Facebook, Inc., Class A (I)	49,246		1,259,713
Google, Inc., Class A (I)	7,517		5,968,724
IAC/InterActiveCorp	2,038		91,058
Internap Network Services Corp. (I)	1,629		15,231
IntraLinks Holdings, Inc. (I)	1,107		7,041
j2 Global, Inc. (L)	1,231		48,268
Keynote Systems, Inc.	481		6,715
Limelight Networks, Inc. (I)	2,442		5,031


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Internet Software & Services (continued)
LinkedIn Corp., Class A (I)	2,448	$	430,995
Liquidity Services, Inc. (I)(L)	719		21,433
LivePerson, Inc. (I)	1,346		18,279
LogMeIn, Inc. (I)(L)	526		10,110
MeetMe, Inc. (I)(L)	1,007		2,296
Millennial Media, Inc. (I)	1,784		11,328
Monster Worldwide, Inc. (I)(L)	2,708		13,730
Move, Inc. (I)	1,071		12,798
NIC, Inc.	1,581		30,292
OpenTable, Inc. (I)	483		30,419
Perficient, Inc. (I)	950		11,077
QuinStreet, Inc. (I)	930		5,552
Rackspace Hosting, Inc. (I)(L)	3,120		157,498
RealNetworks, Inc. (I)	977		7,533
Responsys, Inc. (I)	1,184		10,478
Saba Software, Inc. (I)	643		5,112
SciQuest, Inc. (I)	727		17,477
SPS Commerce, Inc. (I)	348		14,849
Stamps.com, Inc. (I)(L)	366		9,139
support.com, Inc. (I)	1,791		7,486
Synacor, Inc. (I)	720		2,153
TechTarget, Inc. (I)	764		3,736
The Active Network, Inc. (I)	1,361		5,703
Travelzoo, Inc. (I)	401		8,569
Trulia, Inc. (I)	453		14,215
United Online, Inc.	2,301		13,875
Unwired Planet, Inc. (I)	2,609		5,792
ValueClick, Inc. (I)	1,626		48,048
VeriSign, Inc. (I)(L)	3,607		170,539
Vocus, Inc. (I)	554		7,839
Web.com Group, Inc. (I)(L)	1,132		19,335
WebMD Health Corp. (I)	1,081		26,290
XO Group, Inc. (I)	935		9,350
Yahoo!, Inc. (I)	27,280		641,898
Yelp, Inc. (I)	1,442		34,190

			11,684,180
IT Services - 3.3%
Acxiom Corp. (I)	1,763		35,965
Alliance Data Systems Corp. (I)	1,137		184,069
Automatic Data Processing, Inc.	11,116		722,762
Booz Allen Hamilton Holding Corp. (L)	3,410		45,830
Broadridge Financial Solutions, Inc.	2,909		72,260
CACI International, Inc., Class A (I)	449		25,984
Cardtronics, Inc. (I)	1,085		29,794
CIBER, Inc. (I)	2,045		9,612
Cognizant Technology
Solutions Corp., Class A (I)	6,856		525,238
Computer Sciences Corp.	3,554		174,963
Computer Task Group, Inc.	577		12,342
Convergys Corp.	2,657		45,249
CoreLogic, Inc. (I)	2,489		64,366
CSG Systems International, Inc. (I)	322		6,823
DST Systems, Inc.	1,033		73,622
EPAM Systems, Inc. (I)	1,017		23,625
Euronet Worldwide, Inc. (I)	1,276		33,610
ExlService Holdings, Inc. (I)	766		25,186
Fidelity National Information Services, Inc.	6,798		269,337
Fiserv, Inc. (I)	3,080		270,516
FleetCor Technologies, Inc. (I)	1,923		147,436
Forrester Research, Inc.	566		17,914
Gartner, Inc. (I)	2,204		119,920
Genpact, Ltd.	5,235		95,225
Global Cash Access Holdings, Inc. (I)	1,490		10,505

377

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
IT Services (continued)
Global Payments, Inc.	1,823	$	90,530
Heartland Payment Systems, Inc. (L)	960		31,651
Higher One Holdings, Inc. (I)(L)	1,420		12,624
IBM Corp.	26,257		5,600,618
iGATE Corp. (I)	1,475		27,745
Innodata, Inc. (I)	808		2,788
Jack Henry & Associates, Inc.	2,031		93,853
Lender Processing Services, Inc.	1,902		48,425
Lionbridge Technologies, Inc. (I)	1,904		7,368
ManTech International Corp., Class A (L)	903		24,264
Mastercard, Inc., Class A	2,867		1,551,420
Mattersight Corp. (I)	1,020		4,376
MAXIMUS, Inc.	830		66,375
ModusLink Global Solutions, Inc. (I)	860		2,838
MoneyGram International, Inc. (I)	1,413		25,575
NCI, Inc., Class A (I)	381		1,844
NeuStar, Inc., Class A (I)	1,458		67,841
Paychex, Inc. (L)	8,320		291,782
PRGX Global, Inc. (I)	959		6,665
SAIC, Inc. (L)	7,953		107,763
Sapient Corp. (I)	3,338		40,690
ServiceSource International, Inc. (I)(L)	1,729		12,224
Sykes Enterprises, Inc. (I)	1,006		16,056
Syntel, Inc.	1,000		67,520
TeleTech Holdings, Inc. (I)	1,387		29,418
Teradata Corp. (I)	3,873		226,609
The Hackett Group, Inc.	773		3,533
The Western Union Company	13,863		208,500
Total Systems Services, Inc.	4,411		109,305
Unisys Corp. (I)(L)	1,059		24,092
Vantiv, Inc., Class A (I)	5,013		119,009
VeriFone Systems, Inc. (I)	2,454		50,749
Virtusa Corp. (I)	77		1,830
Visa, Inc., Class A	18,637		3,165,308
WEX, Inc. (I)	916		71,906

			15,255,247
Office Electronics - 0.1%
Xerox Corp.	30,122		259,049
Zebra Technologies Corp., Class A (I)	1,187		55,943

			314,992
Semiconductors & Semiconductor Equipment - 1.9%
Advanced Energy Industries, Inc. (I)	919		16,818
Advanced Micro Devices, Inc. (I)(L)	16,345		41,680
Alpha & Omega Semiconductor, Ltd. (I)	721		6,402
Altera Corp.	7,345		260,527
Ambarella, Inc. (I)	400		6,264
Amkor Technology, Inc. (I)(L)	2,347		9,388
Amtech Systems, Inc. (I)(L)	344		1,242
ANADIGICS, Inc. (I)	28		56
Analog Devices, Inc.	6,838		317,899
Applied Materials, Inc.	28,468		383,749
Applied Micro Circuits Corp. (I)	1,860		13,801
Atmel Corp. (I)	9,935		69,148
ATMI, Inc. (I)	885		19,851
AXT, Inc. (I)	645		1,896
Broadcom Corp., Class A	12,825		444,643
Brooks Automation, Inc. (L)	1,693		17,235
Cabot Microelectronics Corp. (I)	624		21,684
Cavium, Inc. (I)(L)	1,157		44,903
Ceva, Inc. (I)	574		8,954
Cirrus Logic, Inc. (I)(L)	1,542		35,081
Cohu, Inc.	836		7,825


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Semiconductors & Semiconductor Equipment (continued)
Cree, Inc. (I)	2,628	$	143,778
CSR PLC, ADR	207		6,036
CVD Equipment Corp. (I)	259		2,637
Cymer, Inc. (I)	733		70,441
Cypress Semiconductor Corp. (I)(L)	3,294		36,333
Diodes, Inc. (I)	1,139		23,896
Entegris, Inc. (I)	3,313		32,666
Entropic Communications, Inc. (I)(L)	2,234		9,092
Exar Corp. (I)	1,365		14,333
Fairchild Semiconductor International, Inc. (I)	3,070		43,410
First Solar, Inc. (I)(L)	2,032		54,783
FormFactor, Inc. (I)	1,372		6,448
Freescale Semiconductor, Ltd. (I)	5,902		87,881
GSI Technology, Inc. (I)	900		5,931
GT Advanced Technologies, Inc. (I)(L)	3,033		9,979
Hittite Microwave Corp. (I)	762		46,147
Inphi Corp. (I)	755		7,890
Integrated Device Technology, Inc. (I)	3,718		27,773
Integrated Silicon Solution, Inc. (I)	890		8,161
Intel Corp.	114,941		2,511,461
Intermolecular, Inc. (I)	1,145		11,679
International Rectifier Corp. (I)(L)	1,650		34,898
Intersil Corp., Class A	3,066		26,705
IXYS Corp.	839		8,046
KLA-Tencor Corp.	3,819		201,414
Kopin Corp. (I)	2,337		8,647
Kulicke & Soffa Industries, Inc. (I)	1,781		20,588
Lam Research Corp. (I)	4,193		173,842
Lattice Semiconductor Corp. (I)	2,974		16,208
Linear Technology Corp.	5,232		200,752
LSI Corp. (I)	12,675		85,937
LTX-Credence Corp. (I)	1,415		8,547
M/A-COM Technology
Solutions Holdings, Inc. (I)	1,159		18,625
Marvell Technology Group, Ltd.	12,628		133,604
Mattson Technology, Inc. (I)	1,856		2,561
Maxim Integrated Products, Inc.	6,649		217,090
MEMC Electronic Materials, Inc. (I)	5,631		24,776
MEMSIC, Inc. (I)	1,258		3,422
Micrel, Inc. (L)	1,723		18,109
Microchip Technology, Inc. (L)	4,397		161,634
Micron Technology, Inc. (I)	23,428		233,811
Microsemi Corp. (I)	2,079		48,170
MKS Instruments, Inc.	1,286		34,979
Monolithic Power Systems, Inc. (L)	895		21,811
Nanometrics, Inc. (I)(L)	623		8,990
NVE Corp. (I)	141		7,955
NVIDIA Corp.	14,091		180,647
OmniVision Technologies, Inc. (I)	1,411		19,444
ON Semiconductor Corp. (I)	10,601		87,776
PDF Solutions, Inc. (I)	99		1,586
Photronics, Inc. (I)	1,479		9,880
PMC-Sierra, Inc. (I)	5,216		35,417
Power Integrations, Inc.	714		30,995
QuickLogic Corp. (I)	1,411		3,471
Rambus, Inc. (I)	2,670		14,979
RF Micro Devices, Inc. (I)	6,722		35,761
Rudolph Technologies, Inc. (I)	944		11,120
Semtech Corp. (I)	1,537		54,394
Silicon Image, Inc. (I)	2,196		10,673
Silicon Laboratories, Inc. (I)	1,002		41,443
Skyworks Solutions, Inc. (I)	4,403		96,998
Spansion, Inc., Class A (I)	802		10,322

378

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (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)
STR Holdings, Inc. (I)	1,220	$	2,647
SunPower Corp. (I)	2,577		29,739
Supertex, Inc.	355		7,885
Teradyne, Inc. (I)(L)	4,244		68,838
Tessera Technologies, Inc.	1,159		21,731
Texas Instruments, Inc.	26,115		926,560
Transwitch Corp. (I)	1,304		632
TriQuint Semiconductor, Inc. (I)	4,009		20,245
Ultra Clean Holdings (I)	699		4,544
Ultratech, Inc. (I)	647		25,576
Veeco Instruments, Inc. (I)	883		33,845
Volterra Semiconductor Corp. (I)	764		10,849
Xilinx, Inc.	5,983		228,371

			8,637,290
Software - 3.7%
Accelrys, Inc. (I)	1,250		12,200
ACI Worldwide, Inc. (I)	888		43,388
Activision Blizzard, Inc.	25,671		374,026
Actuate Corp. (I)	1,416		8,496
Adobe Systems, Inc. (I)	11,328		492,881
Advent Software, Inc. (I)	1,170		32,725
American Software, Inc., Class A	945		7,862
ANSYS, Inc. (I)	2,125		173,018
Aspen Technology, Inc. (I)	2,077		67,066
Autodesk, Inc. (I)	5,240		216,098
Blackbaud, Inc.	1,039		30,786
BMC Software, Inc. (I)	3,674		170,216
Bottomline Technologies, Inc. (I)(L)	911		25,973
BroadSoft, Inc. (I)	685		18,132
CA, Inc.	10,821		272,365
Cadence Design Systems, Inc. (I)	6,228		86,756
Callidus Software, Inc. (I)	1,532		7,001
Citrix Systems, Inc. (I)	4,311		311,082
CommVault Systems, Inc. (I)	1,019		83,538
Compuware Corp. (I)	4,762		59,525
Comverse, Inc. (I)	298		8,356
Concur Technologies, Inc. (I)(L)	1,264		86,786
Ebix, Inc. (L)	840		13,625
Electronic Arts, Inc. (I)	7,374		130,520
Ellie Mae, Inc. (I)	692		16,643
Envivio, Inc. (I)	819		1,392
ePlus, Inc.	259		11,968
FactSet Research Systems, Inc. (L)	1,007		93,248
Fair Isaac Corp.	672		30,704
FalconStor Software, Inc. (I)	1,749		4,687
FleetMatics Group PLC (I)	495		12,004
Fortinet, Inc. (I)	3,635		86,077
Glu Mobile Inc. (I)(L)	2,758		8,219
Guidance Software, Inc. (I)	867		9,407
Guidewire Software, Inc. (I)	1,164		44,744
Imperva, Inc. (I)	541		20,829
Infoblox, Inc. (I)	1,067		23,154
Informatica Corp. (I)	2,520		86,864
Interactive Intelligence Group (I)	490		21,732
Intuit, Inc.	6,772		444,582
Jive Software, Inc. (I)	1,431		21,751
Majesco Entertainment Company (I)	1,485		809
Manhattan Associates, Inc. (I)	459		34,099
Mentor Graphics Corp.	2,655		47,923
MICROS Systems, Inc. (I)	1,828		83,192
Microsoft Corp.	192,674		5,512,403
MicroStrategy, Inc., Class A (I)	263		26,584
Mitek Systems, Inc. (I)	507		2,373


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Software (continued)
Monotype Imaging Holdings, Inc.	1,027	$	24,391
Netscout Systems, Inc. (I)	949		23,317
NetSuite, Inc. (I)(L)	1,670		133,700
Nuance Communications, Inc. (I)(L)	7,103		143,339
Oracle Corp.	112,208		3,628,807
Pegasystems, Inc.	900		25,272
Pervasive Software, Inc. (I)	868		7,960
Progress Software Corp. (I)	1,513		34,466
Proofpoint, Inc. (I)	762		12,847
PROS Holdings, Inc. (I)	740		20,106
PTC, Inc. (I)	2,660		67,803
QLIK Technologies, Inc. (I)	1,979		51,118
Qualys, Inc. (I)	295		3,640
RealPage, Inc. (I)(L)	1,749		36,222
Red Hat, Inc. (I)	4,460		225,498
Rosetta Stone, Inc. (I)	599		9,213
Rovi Corp. (I)	2,561		54,831
Salesforce.com, Inc. (I)	3,203		572,792
ServiceNow, Inc. (I)	2,763		100,021
Smith Micro Software, Inc. (I)	1,763		2,327
SolarWinds, Inc. (I)	1,698		100,352
Solera Holdings, Inc.	1,593		92,920
Sourcefire, Inc. (I)(L)	704		41,698
Splunk, Inc. (I)	2,196		87,906
SS&C Technologies Holdings, Inc. (I)	1,907		57,172
Symantec Corp. (I)	16,193		399,643
Synchronoss Technologies, Inc. (I)(L)	882		27,368
Synopsys, Inc. (I)	3,437		123,320
Take-Two Interactive Software, Inc. (I)	2,282		36,854
Tangoe, Inc. (I)(L)	807		9,999
TeleCommunication
Systems, Inc., Class A (I)(L)	1,207		2,692
Telenav, Inc. (I)	1,380		8,901
THQ, Inc. (I)	234		10
TIBCO Software, Inc. (I)	3,715		75,117
TiVo, Inc. (I)	2,924		36,228
Tyler Technologies, Inc. (I)	705		43,188
Ultimate Software Group, Inc. (I)	638		66,454
VASCO Data Security International, Inc. (I)	1,062		8,963
Verint Systems, Inc. (I)	1,439		52,595
VirnetX Holding Corp. (I)(L)	1,232		23,617
VMware, Inc., Class A (I)	9,817		774,365
Wave Systems Corp. Class A (I)(L)	1,941		1,326
Websense, Inc. (I)	808		12,120
Workday, Inc., Class A (I)	3,658		225,443
Zynga, Inc., Class A (I)(L)	17,723		59,549

			16,923,279

			76,483,511
Materials - 3.6%
Chemicals - 2.2%
A. Schulman, Inc.	713		22,502
Air Products & Chemicals, Inc.	4,872		424,449
Airgas, Inc.	1,763		174,819
Albemarle Corp.	2,025		126,603
American Vanguard Corp.	743		22,691
Arabian American Development Company (I)	686		5,783
Ashland, Inc.	1,798		133,591
Axiall Corp.	847		52,650
Balchem Corp. (L)	725		31,857
Cabot Corp.	1,475		50,445
Calgon Carbon Corp. (I)(L)	1,429		25,865
Celanese Corp., Series A	3,663		161,355

379

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Chemicals (continued)
CF Industries Holdings, Inc.	1,437	$	273,562
Chase Corp.	349		6,743
Chemtura Corp. (I)	2,384		51,518
Cytec Industries, Inc.	1,067		79,043
E.I. du Pont de Nemours & Company	21,376		1,050,844
Eastman Chemical Company	3,494		244,126
Ecolab, Inc.	6,717		538,569
Ferro Corp. (I)	2,227		15,032
Flotek Industries, Inc. (I)	1,385		22,645
FMC Corp.	3,127		178,333
FutureFuel Corp.	336		4,082
GSE Holding, Inc. (I)	557		4,601
H.B. Fuller Company	1,198		46,818
Hawkins, Inc.	312		12,464
Huntsman Corp.	5,713		106,205
Innophos Holdings, Inc.	533		29,080
Innospec, Inc.	285		12,620
International Flavors & Fragrances, Inc.	1,871		143,450
Intrepid Potash, Inc. (L)	1,827		34,275
KMG Chemicals, Inc.	436		8,476
Koppers Holdings, Inc.	560		24,629
Kraton Performance Polymers, Inc. (I)	778		18,205
Kronos Worldwide, Inc. (L)	2,710		42,412
Landec Corp. (I)	774		11,200
LSB Industries, Inc. (I)	541		18,816
Minerals Technologies, Inc.	820		34,038
Monsanto Company	12,241		1,293,017
NewMarket Corp. (L)	309		80,451
Olin Corp.	1,916		48,322
OM Group, Inc. (I)	761		17,868
OMNOVA Solutions, Inc. (I)	1,304		10,002
Penford Corp. (I)	473		5,189
Petrologistics LP	3,262		44,950
PolyOne Corp.	2,353		57,438
PPG Industries, Inc.	3,498		468,522
Praxair, Inc.	6,844		763,380
Quaker Chemical Corp.	343		20,244
Rentech Nitrogen Partners LP	799		28,668
Rentech, Inc.	5,518		12,967
Rockwood Holdings, Inc.	1,807		118,250
RPM International, Inc.	2,937		92,750
Senomyx, Inc. (I)	1,262		2,663
Sensient Technologies Corp.	1,240		48,472
Sigma-Aldrich Corp. (L)	2,757		214,164
Stepan Company	506		31,929
Terra Nitrogen Company LP	405		89,100
The Dow Chemical Company	27,527		876,460
The Mosaic Company	9,779		582,926
The Scotts Miracle-Gro Company, Class A (L)	1,434		62,006
The Sherwin-Williams Company	2,351		397,060
Tredegar Corp.	888		26,143
Valhi, Inc. (L)	7,686		123,360
Valspar Corp.	2,052		127,737
W.R. Grace & Company (I)	1,746		135,332
Westlake Chemical Corp.	1,509		141,092
Zep, Inc.	592		8,886
Zoltek Companies, Inc. (I)	804		9,608

			10,183,352
Construction Materials - 0.1%
Eagle Materials, Inc.	1,009		67,230
Headwaters, Inc. (I)	468		5,101
Martin Marietta Materials, Inc. (L)	1,072		109,365
Texas Industries, Inc. (I)(L)	700		44,177


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Construction Materials (continued)
United States Lime & Minerals, Inc. (I)	212	$	11,276
Vulcan Materials Company	2,975		153,808

			390,957
Containers & Packaging - 0.3%
AEP Industries, Inc. (I)	171		12,280
Aptargroup, Inc.	1,477		84,706
Ball Corp.	3,602		171,383
Bemis Company, Inc.	2,260		91,214
Berry Plastics Group, Inc. (I)	2,475		47,149
Boise, Inc.	2,614		22,637
Crown Holdings, Inc. (I)	3,402		141,557
Graphic Packaging Holding Company (I)	9,089		68,077
Greif, Inc., Class A	1,126		60,376
MeadWestvaco Corp.	3,992		144,910
Myers Industries, Inc.	984		13,737
Owens-Illinois, Inc. (I)	3,776		100,630
Packaging Corp. of America	2,261		101,451
Rock-Tenn Company, Class A	1,614		149,763
Sealed Air Corp.	4,582		110,472
Silgan Holdings, Inc.	1,656		78,246
Sonoco Products Company	2,324		81,317
UFP Technologies, Inc. (I)	312		6,143

			1,486,048
Metals & Mining - 0.8%
A. M. Castle & Company (I)(L)	676		11,830
AK Steel Holding Corp. (L)	2,774		9,182
Alcoa, Inc. (L)	24,576		209,388
Allegheny Technologies, Inc.	2,513		79,687
Allied Nevada Gold Corp. (I)(L)	1,954		32,163
AMCOL International Corp.	808		24,394
Carpenter Technology Corp.	1,236		60,922
Century Aluminum Company (I)	2,202		17,043
Cliffs Natural Resources, Inc. (L)	3,251		61,802
Coeur d’Alene Mines Corp. (I)	2,046		38,588
Commercial Metals Company	2,611		41,384
Compass Minerals International, Inc.	779		61,463
Freeport-McMoRan Copper & Gold, Inc.	21,827		722,474
General Moly, Inc. (I)	2,672		5,905
Globe Specialty Metals, Inc.	1,837		25,571
Golden Minerals Company (I)	848		2,018
Handy & Harman, Ltd. (I)	391		6,017
Haynes International, Inc.	336		18,581
Hecla Mining Company (L)	7,052		27,855
Hi-crush Partners LP	268		4,998
Horsehead Holding Corp. (I)	1,401		15,243
Kaiser Aluminum Corp.	483		31,226
Materion Corp.	519		14,792
McEwen Mining, Inc. (I)	4,252		12,161
Metals USA Holdings Corp.	1,000		20,650
Midway Gold Corp. (I)	3,078		3,755
Molycorp, Inc. (I)(L)	3,166		16,463
Newmont Mining Corp.	11,218		469,922
Noranda Aluminum Holding Corp.	1,665		7,476
Nucor Corp.	7,375		340,356
Olympic Steel, Inc. (L)	370		8,843
Paramount Gold and Silver Corp. (I)	4,437		9,895
Prospect Global Resources, Inc. (I)	2,668		787
Reliance Steel & Aluminum Company	1,720		122,412
Royal Gold, Inc.	1,287		91,416
RTI International Metals, Inc. (I)(L)	666		21,106
Schnitzer Steel Industries, Inc., Class A (L)	687		18,315
Solitario Exploration & Royalty Corp. (I)	2,030		3,248

380

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Metals & Mining (continued)
Southern Copper Corp. (L)	19,523	$	733,479
Steel Dynamics, Inc.	5,061		80,318
Stillwater Mining Company (I)(L)	2,775		35,881
SunCoke Energy, Inc. (I)	1,802		29,427
United States Steel Corp. (L)	3,359		65,501
Universal Stainless & Alloy (I)	230		8,361
US Antimony Corp. (I)	2,052		3,550
Vista Gold Corp. (I)	3,085		6,664
Walter Energy, Inc. (L)	1,471		41,924
Worthington Industries, Inc.	1,600		49,568

			3,724,004
Paper & Forest Products - 0.2%
Buckeye Technologies, Inc.	956		28,632
Clearwater Paper Corp. (I)	576		30,349
Deltic Timber Corp.	331		22,746
Domtar Corp. (L)	787		61,087
International Paper Company	10,037		467,523
KapStone Paper and Packaging Corp.	1,194		33,193
Louisiana-Pacific Corp. (I)	3,252		70,243
Neenah Paper, Inc.	450		13,842
P.H. Glatfelter Company	956		22,351
Pope Resources LP	211		12,871
Schweitzer-Mauduit International, Inc.	522		20,217
Verso Paper Corp. (I)	1,827		2,412
Wausau Paper Corp.	1,441		15,534

			801,000

			16,585,361
Telecommunication Services - 2.5%
Diversified Telecommunication Services - 2.2%
8x8, Inc. (I)(L)	1,817		12,446
Alaska Communications Systems Group, Inc.	1,419		2,356
American Tower Corp.	9,075		698,049
AT&T, Inc.	132,555		4,863,443
Atlantic Tele-Network, Inc.	401		19,453
Cbeyond, Inc. (I)	824		6,122
CenturyLink, Inc. (L)	14,419		506,539
Cincinnati Bell, Inc. (I)(L)	3,856		12,571
Cogent Communications Group, Inc.	1,163		30,703
Consolidated Communications Holdings, Inc.	225		3,949
Fairpoint Communications, Inc. (I)	525		3,922
Frontier Communications Corp. (L)	22,724		90,442
General Communication, Inc., Class A (I)	950		8,712
Globalstar, Inc. (I)	6,027		1,899
Hawaiian Telcom Holdco, Inc. (I)	472		10,889
IDT Corp., Class B	840		10,130
inContact, Inc. (I)	1,358		10,986
Level 3 Communications, Inc. (I)(L)	4,971		100,862
Lumos Networks Corp.	555		7,481
Multiband Corp. (I)	1,058		2,592
Neutral Tandem, Inc.	876		2,865
Premiere Global Services, Inc. (I)	1,491		16,386
Towerstream Corp. (I)	2,254		5,026
tw telecom, Inc. (I)	3,587		90,357
Verizon Communications, Inc.	65,434		3,216,081
Vonage Holdings Corp. (I)	4,929		14,245
Windstream Corp. (L)	13,707		108,971

			9,857,477
Wireless Telecommunication Services - 0.3%
Boingo Wireless, Inc. (I)	1,153		6,365
Clearwire Corp., Class A (I)	33,315		107,941
Crown Castle International Corp. (I)	6,758		470,627


Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Wireless Telecommunication Services (continued)
Leap Wireless International, Inc. (I)	2,036	$	11,992
MetroPCS Communications, Inc. (I)	8,442		92,018
NII Holdings, Inc. (I)(L)	4,011		17,368
NTELOS Holdings Corp.	555		7,110
SBA Communications Corp., Class A (I)	2,821		203,168
Shenandoah Telecommunications Company	652		9,930
Sprint Nextel Corp. (I)	69,006		428,527
Telephone & Data Systems, Inc.	2,523		53,160
United States Cellular Corp. (I)(L)	1,846		66,456
USA Mobility, Inc.	574		7,617

			1,482,279

			11,339,756
Utilities - 3.2%
Electric Utilities - 1.7%
ALLETE, Inc.	943		46,226
American Electric Power Company, Inc.	11,145		541,981
Cleco Corp.	1,164		54,743
Duke Energy Corp.	16,176		1,174,216
Edison International	7,501		377,450
El Paso Electric Company	958		32,237
Entergy Corp.	4,107		259,727
Exelon Corp.	19,713		679,704
FirstEnergy Corp.	9,653		407,357
Great Plains Energy, Inc.	3,409		79,055
Hawaiian Electric Industries, Inc.	2,229		61,766
IDACORP, Inc.	1,180		56,959
ITC Holdings Corp. (L)	1,187		105,952
MGE Energy, Inc.	631		34,983
NextEra Energy, Inc.	9,687		752,486
Northeast Utilities	7,207		313,216
NV Energy, Inc.	5,479		109,744
OGE Energy Corp.	2,237		156,545
Otter Tail Corp.	990		30,829
Pepco Holdings, Inc.	5,268		112,735
Pinnacle West Capital Corp.	2,462		142,525
PNM Resources, Inc.	1,941		45,206
Portland General Electric Company	1,756		53,259
PPL Corp.	13,396		419,429
The Empire District Electric Company	1,053		23,587
The Southern Company	20,093		942,764
UIL Holdings Corp. (L)	1,235		48,894
Unitil Corp.	398		11,196
UNS Energy Corp.	935		45,759
Westar Energy, Inc.	2,725		90,416
Xcel Energy, Inc.	11,223		333,323

			7,544,269
Gas Utilities - 0.3%
AGL Resources, Inc.	2,701		113,307
AmeriGas Partners LP	2,169		97,453
Atmos Energy Corp.	2,004		85,551
Chesapeake Utilities Corp.	328		16,088
Delta Natural Gas Company, Inc.	332		7,258
Ferrellgas Partners LP	1,968		36,467
Gas Natural, Inc.	653		6,661
National Fuel Gas Company	1,895		116,258
New Jersey Resources Corp.	982		44,043
Northwest Natural Gas Company	595		26,073
ONEOK, Inc.	4,758		226,814
Piedmont Natural Gas Company, Inc. (L)	1,472		48,399
Questar Corp.	3,939		95,836
South Jersey Industries, Inc.	691		38,413

381

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Total Stock Market Index Trust (continued)
		Shares or
		Principal
		Amount		Value


COMMON STOCKS (continued)
Gas Utilities (continued)
Southwest Gas Corp.		1,053	$	49,975
Star Gas Partners LP		2,049		9,302
Suburban Propane Partners LP		1,258		55,981
The Laclede Group, Inc. (L)		597		25,492
UGI Corp.		2,554		98,048
WGL Holdings, Inc.		1,053		46,437

				1,243,856
Independent Power Producers & Energy Traders - 0.1%
AES Corp.		17,200		216,204
Atlantic Power Corp.		2,517		12,409
Calpine Corp. (I)		10,731		221,059
Genie Energy, Ltd., B Shares		983		9,103
NRG Energy, Inc.		7,445		197,218
Ormat Technologies, Inc.		1,034		21,352
Synthesis Energy Systems, Inc. (I)		2,507		2,607

				679,952
Multi-Utilities - 1.0%
Alliant Energy Corp.		2,491		124,998
Ameren Corp.		5,564		194,851
Avista Corp.		1,341		36,743
Black Hills Corp.		1,048		46,154
CenterPoint Energy, Inc.		9,791		234,592
CH Energy Group, Inc.		415		27,137
CMS Energy Corp.		6,023		168,283
Consolidated Edison, Inc. (L)		6,764		412,807
Dominion Resources, Inc.		13,204		768,209
DTE Energy Company		3,938		269,123
Integrys Energy Group, Inc.		1,745		101,489
MDU Resources Group, Inc.		4,295		107,332
NiSource, Inc.		6,468		189,771
NorthWestern Corp.		845		33,682
PG&E Corp.		9,823		437,418
Public Service Enterprise Group, Inc.		11,669		400,713
SCANA Corp.		2,988		152,866
Sempra Energy		5,574		445,586
TECO Energy, Inc. (L)		4,853		86,480
Vectren Corp.		1,933		68,467
Wisconsin Energy Corp.		5,261		225,644

				4,532,345
Water Utilities - 0.1%
American Water Works Company, Inc.		4,074		168,827
Aqua America, Inc. (L)		3,195		100,451
California Water Service Group		1,110		22,089
Connecticut Water Service, Inc.		386		11,283
Middlesex Water Company		573		11,185
SJW Corp.		519		13,754
York Water Company		592		11,130

				338,719

				14,339,141

TOTAL COMMON STOCKS (Cost $308,369,282)			$	437,361,640


CORPORATE BONDS - 0.0%
Financials - 0.0%
GAMCO Investors, Inc. Zero
Coupon 12/31/2015 (Z)	$	2,800	$	2,522

TOTAL CORPORATE BONDS (Cost $2,200)			$	2,522


RIGHTS - 0.0%
Celgene Corp. (Expiration Date: 12/31/2030;
strike price: $0.01) (i)		1,041		7,360


Total Stock Market Index Trust (continued)
		Shares or
		Principal
		Amount		Value


RIGHTS (continued)
Fresenius Kabi Pharmaceuticals Holding, Inc.
(Expiration Date: 06/11/2030; Strike
Price: $0.02) (I)		4,291	$	0
Sanofi (Expiration Date: 12/31/2020; Strike
Price: EUR 2.00) (I)		6,678		11,887
Wright Medical Group, Inc. (Expiration
Date: 01/02/2024) (I)(N)		557		1,393

TOTAL RIGHTS (Cost $26,921)			$	20,640


WARRANTS - 0.0%
Dynegy, Inc. (Expiration Date: 10/02/2017;
Strike Price: $40.00) (I)(L)		456		588
Magnum Hunter Resources (Expiration Date:
10/14/2013; Strike Price: $10.50) (I)(L)		273		35

TOTAL WARRANTS (Cost $54,461)			$	623


SECURITIES LENDING COLLATERAL - 5.0%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		2,302,992		23,049,961

TOTAL SECURITIES LENDING
COLLATERAL (Cost $23,048,422)			$	23,049,961


SHORT-TERM INVESTMENTS - 3.9%
Repurchase Agreement - 3.9%
Repurchase Agreement with State Street Corp.
dated 03/28/2013 at 0.010% to be
repurchased at $17,845,020 on 04/01/2013,
collateralized by $5,000 U.S. Treasury
Bonds, 2.750% due 08/15/2042 (valued at
$4,675, including interest) and $16,910,000
U.S. Treasury Notes, 0.875% - 2.750% due
01/31/2018 - 02/28/2018 (valued at
$18,202,238, including interest)	$	17,845,000	$	17,845,000

TOTAL SHORT-TERM INVESTMENTS (Cost $17,845,000)			$	17,845,000

Total Investments (Total Stock Market Index Trust)
(Cost $349,346,286) - 104.9%			$	478,280,386
Other assets and liabilities, net - (4.9%)				(22,503,351)

TOTAL NET ASSETS - 100.0%			$	455,777,035




Ultra Short Term Bond Trust
		Shares or
		Principal
		Amount		Value


U.S. GOVERNMENT & AGENCY
OBLIGATIONS - 44.3%
U.S. Government Agency - 44.3%
Federal Farm Credit Banks
0.480%, 08/27/2015	$	1,000,000	$	1,000,588
0.910%, 05/23/2016		4,750,000		4,753,995
Federal Home Loan Mortgage Corp.
0.375%, 02/13/2015		3,500,000		3,500,924
0.400%, 02/20/2015		2,000,000		2,000,540
2.065%, 12/01/2036 (P)		198,645		209,782
2.247%, 12/01/2035 (P)		329,737		346,230
2.259%, 12/01/2035 (P)		742,668		785,806
2.283%, 11/01/2036 (P)		666,150		705,749
2.356%, 05/01/2034 (P)		842,615		898,213
2.406%, 08/01/2035 (P)		723,348		773,732
2.447%, 06/01/2036 (P)		377,226		399,478

382

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (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)
2.621%, 06/01/2035 (P)	$	710,770	$	764,031
2.629%, 05/01/2037 (P)		689,552		735,105
2.693%, 02/01/2036 (P)		629,047		672,731
Federal National Mortgage Association
0.500%, 10/30/2014		3,000,000		3,000,759
0.600%, 05/29/2015		3,000,000		3,001,707
0.700%, 05/15/2015		2,800,000		2,801,378
0.750%, 11/24/2015 to 02/01/2016		9,500,000		9,511,780
0.950%, 05/17/2016		2,750,000		2,752,398
1.000%, 01/19/2016		4,000,000		4,001,844
2.054%, 02/01/2035 (P)		863,093		909,603
2.123%, 10/01/2035 (P)		1,014,613		1,070,594
2.324%, 01/01/2036 (P)		973,112		1,020,145
2.327%, 05/01/2036 (P)		2,124,950		2,239,022
2.380%, 01/01/2036 (P)		900,930		958,112
2.388%, 07/01/2035 (P)		696,191		740,233
2.389%, 02/01/2035 (P)		1,718,281		1,811,682
2.466%, 05/01/2034 (P)		588,224		629,857
2.544%, 10/01/2038 (P)		811,661		854,311
2.608%, 07/01/2035 (P)		1,219,819		1,297,951
6.500%, 10/01/2037		136,592		152,234
Government National Mortgage Association
1.750%, 08/20/2032 to 08/20/2035 (P)		1,433,259		1,502,086

				55,802,600

TOTAL U.S. GOVERNMENT & AGENCY
OBLIGATIONS (Cost $55,701,262)			$	55,802,600


CORPORATE BONDS - 38.7%
Consumer Discretionary - 5.1%
American Honda Finance Corp.
4.625%, 04/02/2013 (S)		1,000,000		1,000,000
Best Buy Company, Inc. 7.250%, 07/15/2013		1,000,000		1,015,000
Daimler Finance North America LLC
1.650%, 04/10/2015 (S)		1,000,000		1,011,835
Hewlett-Packard Company
1.250%, 09/13/2013		1,000,000		1,001,964
TCI Communications, Inc.
8.750%, 08/01/2015		1,000,000		1,181,019
Toyota Motor Credit Corp.
1.375%, 08/12/2013		250,000		251,041
Xerox Corp. 1.680%, 09/13/2013 (P)		1,000,000		1,003,858

				6,464,717
Consumer Staples - 2.6%
Altria Group, Inc. 8.500%, 11/10/2013		1,000,000		1,047,729
Cadbury Schweppes US Finance LLC
5.125%, 10/01/2013 (S)		150,000		152,964
Philip Morris International, Inc.
4.875%, 05/16/2013		1,000,000		1,005,559
Safeway, Inc. 6.250%, 03/15/2014		1,000,000		1,048,863

				3,255,115
Energy - 4.3%
Duke Energy Corp. 3.950%, 09/15/2014		1,000,000		1,046,119
Eaton Corp. 4.900%, 05/15/2013		1,000,000		1,005,244
Energy Transfer Partners LP
8.500%, 04/15/2014		1,000,000		1,076,404
Enterprise Products Operating LLC
1.250%, 08/13/2015		1,000,000		1,007,313


Ultra Short Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Energy (continued)
Public Service Electric & Gas Company
5.375%, 09/01/2013	$	1,290,000	$	1,315,631

				5,450,711
Financials - 15.0%
American Express Credit Account
Master Trust 0.253%, 09/15/2016 (P)		2,935,000		2,935,179
American Express Credit Corp.
1.750%, 06/12/2015		1,000,000		1,021,781
American International Group, Inc.
4.250%, 05/15/2013		1,000,000		1,004,302
Americredit Automobile
Receivables Trust 2011-2
1.610%, 10/08/2015		852,754		855,774
Bank of America Corp.
1.722%, 01/30/2014 (P)		500,000		504,365
Bank of Tokyo-Mitsubishi UFJ, Ltd.
1.600%, 09/11/2013 (S)		1,000,000		1,004,248
Burlington Northern Santa Fe LLC
4.300%, 07/01/2013		1,000,000		1,009,446
Capital One Financial Corp.
7.375%, 05/23/2014		1,000,000		1,073,472
Citigroup, Inc. 1.755%, 01/13/2014 (P)		1,000,000		1,009,111
Credit Suisse New York 5.500%, 05/01/2014		1,000,000		1,052,044
Ford Motor Credit Company LLC
5.625%, 09/15/2015		1,000,000		1,088,848
ING Bank NV 2.000%, 10/18/2013 (S)		700,000		704,918
JPMorgan Chase & Company
3.400%, 06/24/2015		1,000,000		1,052,760
Morgan Stanley 4.200%, 11/20/2014		750,000		785,019
Pnc Funding Corp. 5.400%, 06/10/2014		400,000		422,281
Regions Financial Corp. 4.875%, 04/26/2013		500,000		500,750
The Goldman Sachs Group, Inc.
6.000%, 05/01/2014		1,000,000		1,054,058
UBS AG 2.250%, 08/12/2013		300,000		301,419
Wachovia Corp. 5.500%, 05/01/2013		1,500,000		1,506,336

				18,886,111
Health Care - 1.7%
Express Scripts Holding Company
2.100%, 02/12/2015		1,000,000		1,021,576
WellPoint, Inc. 6.000%, 02/15/2014		1,000,000		1,046,546

				2,068,122
Industrials - 2.2%
Cooper US, Inc. 5.450%, 04/01/2015		1,000,000		1,088,779
ERAC USA Finance LLC
2.750%, 07/01/2013 (S)		700,000		703,716
General Electric Capital Corp.
2.150%, 01/09/2015		1,000,000		1,025,481

				2,817,976
Materials - 4.1%
Alcoa, Inc. 6.000%, 07/15/2013		1,000,000		1,014,828
ArcelorMittal 5.375%, 06/01/2013		1,000,000		1,006,302
International Paper Company
5.300%, 04/01/2015		1,000,000		1,080,851
Rio Tinto Finance USA, Ltd.
5.875%, 07/15/2013		1,000,000		1,014,909
The Dow Chemical Company
5.900%, 02/15/2015		1,000,000		1,093,000

				5,209,890

383

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Ultra Short Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


CORPORATE BONDS (continued)
Telecommunication Services - 2.4%
Deutsche Telekom International Finance BV
5.250%, 07/22/2013	$	1,000,000	$	1,013,979
Telecom Italia Capital SA 5.250%, 11/15/2013		1,000,000		1,020,861
Verizon Communications, Inc.
5.250%, 04/15/2013		1,000,000		1,001,629

				3,036,469
Utilities - 1.3%
DTE Energy Company 7.625%, 05/15/2014		1,500,000		1,613,634

TOTAL CORPORATE BONDS (Cost $48,572,033)			$	48,802,745


ASSET BACKED SECURITIES - 14.4%
AmeriCredit Automobile Receivables Trust
Series 2011-4, Class A2,
0.920%, 03/09/2015		368,554		368,854
Series 2010-3, Class A3,
1.140%, 04/08/2015		122,182		122,341
Series 2011-1, Class A3,
1.390%, 09/08/2015		441,006		442,319
BA Credit Card Trust, Series 2010-A1,
Class A1 0.503%, 09/15/2015 (P)		1,725,000		1,725,173
BMW Vehicle Lease Trust, Series 2011-1,
Class A3 1.060%, 02/20/2014		345,036		345,347
Chase Issuance Trust, Series 2008-A6,
Class A6 1.403%, 05/15/2015 (P)		2,675,000		2,679,173
Citibank Credit Card Issuance Trust
Series 2003-A10, Class A10,
4.750%, 12/10/2015		527,000		543,065
Series 2005-A5, Class A5,
4.850%, 04/22/2015		1,500,000		1,504,536
Discover Card Master Trust
Series 2011-A2, Class A2,
0.413%, 11/16/2015 (P)		400,000		400,096
Series 2008-A4, Class A4,
5.650%, 12/15/2015		130,000		131,479
Ford Credit Auto Owner Trust, Series 2010-A,
Class A4 2.150%, 06/15/2015		1,435,541		1,447,475
GE Capital Credit Card Master Note Trust,
Series 2010-3, Class A 2.210%, 06/15/2016		1,500,000		1,505,879
Honda Auto Receivables Owner Trust
Series 2011-3, Class A3,
0.880%, 09/21/2015		1,750,000		1,757,310
Series 2010-2, Class A3,
1.340%, 03/18/2014		35,296		35,338
Series 2010-1, Class A4,
1.980%, 05/23/2016		603,816		604,403
Hyundai Auto Receivables Trust,
Series 2010-A, Class A3
1.500%, 10/15/2014		205,846		206,151
John Deere Owner Trust, Series 2012-A,
Class A2 0.590%, 06/16/2014		636,366		636,651
MBNA Credit Card Master Note Trust,
Series 2006-A5, Class A5
0.263%, 10/15/2015 (P)		370,000		369,964
Mercedes-Benz Auto Lease Trust,
Series 2012-A, Class A2
0.660%, 04/15/2014		456,835		457,103
Nissan Auto Lease Trust, Series 2012-A,
Class A2B 0.363%, 07/15/2014 (P)		451,640		451,900
Nissan Auto Receivables Owner Trust
Series 2011-B, Class A2,
0.740%, 09/15/2014		416,771		417,238
Series 2011-A, Class A3,
1.180%, 02/16/2015		1,145,726		1,149,812


Ultra Short Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value


ASSET BACKED SECURITIES (continued)
Volkswagen Auto Lease Trust, Series 2012-A,
Class A2 0.660%, 11/20/2014	$	920,154	$	921,338

TOTAL ASSET BACKED SECURITIES (Cost $18,332,452)			$	18,222,945

Total Investments (Ultra Short Term Bond Trust)
(Cost $122,605,747) - 97.4%			$	122,828,290
Other assets and liabilities, net - 2.6%				3,259,612

TOTAL NET ASSETS - 100.0%			$	126,087,902




U.S. Equity Trust
		Shares or
		Principal
		Amount		Value


COMMON STOCKS - 99.8%
Consumer Discretionary - 8.1%
Auto Components - 0.1%
Delphi Automotive PLC		10,400	$	461,760
TRW Automotive Holdings Corp. (I)		6,800		374,000

				835,760
Automobiles - 0.4%
General Motors Company (I)		134,400		3,739,008
Distributors - 0.2%
Genuine Parts Company (L)		26,100		2,035,800
Diversified Consumer Services - 0.0%
Apollo Group, Inc., Class A (I)		9,900		172,161
Hotels, Restaurants & Leisure - 2.7%
Burger King Worldwide, Inc. (L)		10,700		204,370
Marriott Vacations Worldwide Corp. (I)		2,200		94,402
McDonald’s Corp.		196,651		19,604,135
Panera Bread Company, Class A (I)		5,650		933,606
Ruth’s Hospitality Group, Inc. (I)		1,500		14,310
Starbucks Corp.		77,000		4,385,920
Yum! Brands, Inc.		19,000		1,366,860

				26,603,603
Household Durables - 0.1%
Whirlpool Corp.		4,800		568,608
Media - 0.3%
Clear Channel Outdoor
Holdings, Inc., Class A (I)		1,500		11,235
DIRECTV (I)		12,200		690,642
Discovery Communications, Inc., Series C (I)		4,000		278,160
Gannett Company, Inc. (L)		26,400		577,368
Lamar Advertising Company, Class A (I)		12,800		622,208
Meredith Corp. (L)		3,900		149,214
Morningstar, Inc.		2,100		146,832
News Corp., Class A		10,200		311,304
Time Warner Cable, Inc.		5,300		509,118
Valassis Communications, Inc. (L)		5,500		164,285

				3,460,366
Multiline Retail - 0.8%
Dollar Tree, Inc. (I)		43,860		2,124,140
Family Dollar Stores, Inc.		9,100		537,355
J.C. Penney Company, Inc. (L)		18,800		284,068
Kohl’s Corp.		11,100		512,043
Sears Holdings Corp. (I)(L)		23,800		1,189,286
Target Corp.		41,900		2,868,055

				7,514,947

384

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


U.S. Equity Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Specialty Retail - 2.1%
Advance Auto Parts, Inc.	5,100	$	421,515
AutoNation, Inc. (I)	17,900		783,125
AutoZone, Inc. (I)	2,500		991,925
Barnes & Noble, Inc. (I)(L)	8,400		138,180
Bed Bath & Beyond, Inc. (I)	51,300		3,304,746
Best Buy Company, Inc. (L)	22,100		489,515
GameStop Corp., Class A (L)	13,092		366,183
Ross Stores, Inc.	44,300		2,685,466
Sears Hometown And Outlet Stores Inc (I)	800		32,280
Staples, Inc. (L)	44,200		593,606
The Gap, Inc.	23,200		821,280
The Home Depot, Inc.	51,900		3,621,582
TJX Companies, Inc.	138,000		6,451,500

			20,700,903
Textiles, Apparel & Luxury Goods - 1.4%
Coach, Inc.	49,000		2,449,510
NIKE, Inc., Class B	142,320		8,398,303
Ralph Lauren Corp.	3,600		609,516
VF Corp.	15,810		2,652,128

			14,109,457

			79,740,613
Consumer Staples - 22.7%
Beverages - 6.0%
Beam, Inc.	5,700		362,178
Brown-Forman Corp., Class B	25,198		1,799,137
Monster Beverage Corp. (I)	30,140		1,438,884
PepsiCo, Inc.	302,376		23,920,965
The Coca-Cola Company	785,500		31,765,620

			59,286,784
Food & Staples Retailing - 4.1%
Costco Wholesale Corp.	22,400		2,376,864
CVS Caremark Corp.	36,700		2,018,133
Safeway, Inc.	12,400		326,740
Sysco Corp. (L)	136,800		4,811,256
Wal-Mart Stores, Inc.	404,480		30,267,238
Walgreen Company	21,300		1,015,584

			40,815,815
Food Products - 1.9%
Campbell Soup Company (L)	25,800		1,170,288
Dean Foods Company (I)	12,500		226,625
Flowers Foods, Inc.	16,000		527,040
General Mills, Inc.	127,900		6,306,749
H.J. Heinz Company	29,900		2,160,873
Hormel Foods Corp. (L)	30,500		1,260,260
Kellogg Company	39,400		2,538,542
McCormick & Company, Inc., Non-
Voting Shares	24,700		1,816,685
The Hershey Company	31,200		2,730,936

			18,737,998
Household Products - 6.4%
Church & Dwight Company, Inc.	28,300		1,829,029
Colgate-Palmolive Company	92,990		10,975,610
Harbinger Group, Inc. (I)	5,200		42,952
Kimberly-Clark Corp.	67,300		6,594,054
The Clorox Company	25,200		2,230,956
The Procter & Gamble Company	534,600		41,196,276

			62,868,877
Personal Products - 0.4%
Herbalife, Ltd. (L)	21,000		786,450


U.S. Equity Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Personal Products (continued)
Nu Skin Enterprises, Inc., Class A (L)	8,100	$	358,020
The Estee Lauder Companies, Inc., Class A	45,462		2,910,932

			4,055,402
Tobacco - 3.9%
Lorillard, Inc.	76,070		3,069,425
Philip Morris International, Inc.	349,484		32,400,662
Reynolds American, Inc.	62,700		2,789,523
Universal Corp. (L)	1,100		61,644

			38,321,254

			224,086,130
Energy - 3.9%
Energy Equipment & Services - 0.0%
Gulfmark Offshore, Inc., Class A	3,500		136,360
Oil, Gas & Consumable Fuels - 3.9%
Apache Corp.	32,290		2,491,496
Chevron Corp.	136,571		16,227,366
ConocoPhillips	22,500		1,352,250
Exxon Mobil Corp.	97,800		8,812,758
HollyFrontier Corp.	8,700		447,615
James River Coal Company (I)(L)	9,100		15,925
Marathon Oil Corp.	34,300		1,156,596
Marathon Petroleum Corp.	19,400		1,738,240
Newfield Exploration Company (I)	6,400		143,488
Occidental Petroleum Corp.	15,035		1,178,293
Overseas Shipholding Group, Inc. (I)	14,400		47,520
Phillips 66	32,600		2,281,022
Tesoro Corp.	9,100		532,805
Valero Energy Corp.	39,300		1,787,757
Western Refining, Inc.	4,400		155,804

			38,368,935

			38,505,295
Financials - 5.6%
Capital Markets - 0.3%
American Capital, Ltd. (I)	15,900		232,061
Apollo Investment Corp.	16,500		137,940
BlackRock Kelso Capital Corp.	11,700		117,000
Federated Investors, Inc., Class B (L)	12,300		291,141
Fifth Street Finance Corp.	16,229		178,844
Franklin Resources, Inc.	2,300		346,863
FXCM, Inc., Class A	1,500		20,520
Golub Capital BDC, Inc.	1,200		19,812
Legg Mason, Inc.	11,000		353,650
Morgan Stanley	42,100		925,358
PennantPark Investment Corp.	5,800		65,482
Solar Capital, Ltd.	4,500		105,705

			2,794,376
Commercial Banks - 0.4%
M&T Bank Corp.	2,800		288,848
Popular, Inc. (I)	7,100		196,031
Regions Financial Corp.	37,600		307,944
SunTrust Banks, Inc.	21,600		622,296
Wells Fargo & Company	60,300		2,230,497
West Coast Bancorp	1,000		24,280

			3,669,896
Consumer Finance - 0.3%
Capital One Financial Corp.	22,100		1,214,395
Cash America International, Inc.	1,400		73,458
Discover Financial Services	19,900		892,316

385

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


U.S. Equity Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Consumer Finance (continued)
Portfolio Recovery Associates, Inc. (I)	1,000	$	126,920
SLM Corp.	44,400		909,312
World Acceptance Corp. (I)(L)	1,800		154,566

			3,370,967
Diversified Financial Services - 2.2%
Bank of America Corp.	730,772		8,900,803
Citigroup, Inc.	129,400		5,724,656
JPMorgan Chase & Company	151,200		7,175,952

			21,801,411
Insurance - 1.9%
Aflac, Inc.	40,900		2,127,618
American Financial Group, Inc.	5,900		279,542
American International Group, Inc. (I)	104,200		4,045,044
Aon PLC	6,000		369,000
Assurant, Inc.	15,900		715,659
CNO Financial Group, Inc.	21,500		246,175
Fidelity National Financial, Inc., Class A	16,200		408,726
Genworth Financial, Inc., Class A (I)	57,700		577,000
Hartford Financial Services Group, Inc.	30,600		789,480
HCC Insurance Holdings, Inc.	5,300		222,759
Lincoln National Corp.	20,100		655,461
MetLife, Inc.	49,300		1,874,386
PartnerRe, Ltd.	2,200		204,842
Primerica, Inc.	3,800		124,564
Principal Financial Group, Inc. (L)	12,500		425,375
Protective Life Corp.	8,400		300,720
Prudential Financial, Inc.	26,300		1,551,437
StanCorp Financial Group, Inc. (L)	5,000		213,800
Symetra Financial Corp.	18,000		241,380
The Allstate Corp.	19,800		971,586
The Travelers Companies, Inc.	10,600		892,414
Torchmark Corp.	9,300		556,140
Unum Group	19,100		539,575
Validus Holdings, Ltd.	6,400		239,168

			18,571,851
Real Estate Investment Trusts - 0.5%
AG Mortgage Investment Trust, Inc.	2,900		73,863
American Capital Agency Corp.	37,200		1,219,416
American Capital Mortgage Investment Corp.	5,100		131,835
ARMOUR Residential REIT, Inc. (L)	46,500		303,645
Chimera Investment Corp.	84,100		268,279
Colony Financial, Inc.	8,800		195,360
CYS Investments, Inc. (L)	20,900		245,366
General Growth Properties, Inc.	21,400		425,432
Hatteras Financial Corp.	9,200		252,356
Invesco Mortgage Capital, Inc.	16,200		346,518
Newcastle Investment Corp.	17,900		199,943
NorthStar Realty Finance Corp.	23,400		221,832
PennyMac Mortgage Investment Trust	8,800		227,832
Silver Bay Realty Trust Corp.	1,534		31,748
Starwood Property Trust, Inc. (L)	13,500		374,760
Two Harbors Investment Corp.	31,300		394,693

			4,912,878
Real Estate Management & Development - 0.0%
The Howard Hughes Corp. (I)	11		922
The St. Joe Company (I)(L)	10,100		214,625

			215,547
Thrifts & Mortgage Finance - 0.0%
Home Loan Servicing Solutions, Ltd.	3,100		72,323

			55,409,249


U.S. Equity Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Health Care - 28.8%
Biotechnology - 1.5%
Amgen, Inc.	65,100	$	6,673,401
Biogen Idec, Inc. (I)	28,850		5,565,454
Gilead Sciences, Inc. (I)	40,002		1,957,298
Idenix Pharmaceuticals, Inc. (I)(L)	6,300		22,428
PDL BioPharma, Inc. (L)	21,700		158,627
Theravance, Inc. (I)	12,600		297,612

			14,674,820
Health Care Equipment & Supplies - 6.5%
Abbott Laboratories	383,001		13,527,595
Baxter International, Inc.	107,801		7,830,665
Becton, Dickinson and Company	38,800		3,709,668
C.R. Bard, Inc.	15,990		1,611,472
Covidien PLC	100,100		6,790,784
DENTSPLY International, Inc.	4,800		203,616
Edwards Lifesciences Corp. (I)	22,620		1,858,459
IDEXX Laboratories, Inc. (I)	11,600		1,071,724
Intuitive Surgical, Inc. (I)	7,970		3,914,784
Medtronic, Inc.	246,666		11,583,435
ResMed, Inc. (L)	23,100		1,070,916
St. Jude Medical, Inc.	57,500		2,325,300
Stryker Corp.	60,700		3,960,068
Varian Medical Systems, Inc. (I)(L)	22,400		1,612,800
Zimmer Holdings, Inc.	46,200		3,475,164

			64,546,450
Health Care Providers & Services - 3.3%
Aetna, Inc.	24,800		1,267,776
Amsurg Corp. (I)	3,800		127,832
Cardinal Health, Inc.	9,700		403,714
Cigna Corp.	14,400		898,128
Community Health Systems, Inc.	11,700		554,463
Coventry Health Care, Inc.	8,400		395,052
Express Scripts Holding Company (I)	71,200		4,104,680
HCA Holdings, Inc.	23,500		954,805
Health Management
Associates, Inc., Class A (I)	30,400		391,248
Henry Schein, Inc. (I)(L)	18,000		1,665,900
Humana, Inc.	8,600		594,346
Laboratory Corp. of America Holdings (I)	40,400		3,644,080
LifePoint Hospitals, Inc. (I)	5,000		242,300
MEDNAX, Inc. (I)(L)	12,700		1,138,301
Patterson Companies, Inc.	8,600		327,144
Quest Diagnostics, Inc.	30,100		1,699,145
Tenet Healthcare Corp. (I)	7,400		352,092
UnitedHealth Group, Inc.	224,222		12,827,741
WellPoint, Inc.	19,800		1,311,354

			32,900,101
Health Care Technology - 0.3%
Cerner Corp. (I)(L)	25,140		2,382,015
Life Sciences Tools & Services - 0.3%
Life Technologies Corp. (I)	6,300		407,169
Mettler-Toledo International, Inc. (I)	2,001		426,653
Techne Corp.	7,800		529,230
Waters Corp. (I)	17,300		1,624,643

			2,987,695
Pharmaceuticals - 16.9%
Allergan, Inc.	60,774		6,784,202
Bristol-Myers Squibb Company	298,500		12,295,215
Eli Lilly & Company	267,201		15,174,345
Endo Health Solutions, Inc. (I)	15,400		473,704

386

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


U.S. Equity Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Pharmaceuticals (continued)
Forest Laboratories, Inc. (I)	26,400	$	1,004,256
Johnson & Johnson	591,700		48,241,301
Merck & Company, Inc.	803,756		35,550,128
Pfizer, Inc.	1,637,694		47,263,849

			166,787,000

			284,278,081
Industrials - 3.9%
Aerospace & Defense - 0.5%
Alliant Techsystems, Inc.	3,500		253,505
Engility Holdings, Inc. (I)	600		14,388
Exelis, Inc.	13,200		143,748
General Dynamics Corp.	19,300		1,360,843
L-3 Communications Holdings, Inc.	9,600		776,832
Lockheed Martin Corp.	4,500		434,340
Northrop Grumman Corp.	7,600		533,140
Raytheon Company	28,900		1,699,031

			5,215,827
Air Freight & Logistics - 0.2%
C.H. Robinson Worldwide, Inc.	32,700		1,944,342
Airlines - 0.1%
Delta Air Lines, Inc. (I)	15,600		257,556
United Continental Holdings, Inc. (I)	7,600		243,276

			500,832
Commercial Services & Supplies - 0.3%
Deluxe Corp. (L)	6,900		285,660
Pitney Bowes, Inc. (L)	17,500		260,050
Quad/Graphics, Inc.	1,500		35,910
R.R. Donnelley & Sons Company (L)	9,200		110,860
Rollins, Inc.	16,300		400,165
Stericycle, Inc. (I)	16,600		1,762,588

			2,855,233
Industrial Conglomerates - 2.2%
3M Company	134,800		14,330,588
Danaher Corp.	42,200		2,622,730
General Electric Company	210,300		4,862,136

			21,815,454
Machinery - 0.1%
Illinois Tool Works, Inc.	8,400		511,896
Ingersoll-Rand PLC	7,900		434,579
Oshkosh Corp. (I)	6,100		259,189

			1,205,664
Marine - 0.0%
Genco Shipping & Trading, Ltd. (I)(L)	4,300		12,384
Professional Services - 0.1%
The Dun & Bradstreet Corp. (L)	5,300		443,345
Verisk Analytics, Inc., Class A (I)	6,400		394,432

			837,777
Trading Companies & Distributors - 0.4%
Fastenal Company	42,800		2,197,780
Textainer Group Holdings, Ltd.	800		31,640
W.W. Grainger, Inc.	8,700		1,957,326

			4,186,746
Transportation Infrastructure - 0.0%
Wesco Aircraft Holdings, Inc. (I)(L)	9,600		141,312

			38,715,571


U.S. Equity Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Information Technology - 24.7%
Communications Equipment - 2.6%
Cisco Systems, Inc.	239,319	$	5,004,160
Harris Corp.	10,400		481,936
QUALCOMM, Inc.	293,702		19,663,349
ViaSat, Inc. (I)(L)	7,700		372,988

			25,522,433
Computers & Peripherals - 2.1%
Apple, Inc.	20,260		8,967,684
Dell, Inc.	110,900		1,589,197
EMC Corp. (I)	145,100		3,466,439
Hewlett-Packard Company	188,849		4,502,160
Lexmark International, Inc., Class A	7,300		192,720
SanDisk Corp. (I)	11,449		629,695
Seagate Technology PLC	14,200		519,152
Western Digital Corp.	13,000		653,640

			20,520,687
Electronic Equipment, Instruments & Components - 0.0%
Arrow Electronics, Inc. (I)	7,000		284,340
Ingram Micro, Inc., Class A (I)	4,700		92,496
SYNNEX Corp. (I)(L)	1,100		40,700

			417,536
Internet Software & Services - 4.1%
AOL, Inc. (I)	6,200		238,638
Google, Inc., Class A (I)	50,821		40,353,399
j2 Global, Inc.	3,600		141,156
VistaPrint NV (I)(L)	7,400		286,084

			41,019,277
IT Services - 7.2%
Accenture PLC, Class A	126,900		9,640,593
Amdocs, Ltd.	33,900		1,228,875
Automatic Data Processing, Inc.	84,100		5,468,182
CACI International, Inc., Class A (I)	2,100		121,527
Cognizant Technology
Solutions Corp., Class A (I)	36,000		2,757,960
Computer Sciences Corp.	7,500		369,225
FleetCor Technologies, Inc. (I)	2,800		214,676
Global Payments, Inc.	14,200		705,172
Higher One Holdings, Inc. (I)(L)	16,200		144,018
IBM Corp.	207,102		44,174,857
Jack Henry & Associates, Inc.	17,700		817,917
ManTech International Corp., Class A	2,900		77,923
Mastercard, Inc., Class A	2,000		1,082,260
NeuStar, Inc., Class A (I)	13,900		646,767
Paychex, Inc. (L)	66,200		2,321,634
Syntel, Inc.	2,400		162,048
Teradata Corp. (I)	9,800		573,398
Total Systems Services, Inc.	20,900		517,902

			71,024,934
Semiconductors & Semiconductor Equipment - 0.3%
Intel Corp.	107,700		2,353,245
Marvell Technology Group, Ltd.	17,800		188,324

			2,541,569
Software - 8.4%
ANSYS, Inc. (I)	15,900		1,294,578
BMC Software, Inc. (I)	27,300		1,264,809
Citrix Systems, Inc. (I)	33,200		2,395,712
FactSet Research Systems, Inc. (L)	8,990		832,474
Intuit, Inc.	56,100		3,682,965
MICROS Systems, Inc. (I)(L)	16,300		741,813

387

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


U.S. Equity Trust (continued)
	Shares or
	Principal
	Amount		Value

COMMON STOCKS (continued)
Software (continued)
Microsoft Corp.	1,620,736	$	46,369,257
Oracle Corp.	809,339		26,174,023
Synopsys, Inc. (I)	11,300		405,444

			83,161,075

			244,207,511
Materials - 0.2%
Chemicals - 0.2%
LyondellBasell Industries NV, Class A	15,500		980,995
Sigma-Aldrich Corp. (L)	7,500		582,600

			1,563,595
Containers & Packaging - 0.0%
Boise, Inc.	13,500		116,910

			1,680,505
Telecommunication Services - 1.5%
Diversified Telecommunication Services - 1.4%
AT&T, Inc.	260,305		9,550,590
Frontier Communications Corp. (L)	36,600		145,668
Verizon Communications, Inc.	95,800		4,708,570

			14,404,828
Wireless Telecommunication Services - 0.1%
Sprint Nextel Corp. (I)	83,000		515,430

			14,920,258
Utilities - 0.4%
Electric Utilities - 0.3%
American Electric Power Company, Inc.	17,000		826,710
Entergy Corp.	10,550		667,182
Exelon Corp.	22,600		779,248
Portland General Electric Company	4,100		124,353

			2,397,493
Gas Utilities - 0.0%
UGI Corp.	5,800		222,662
Multi-Utilities - 0.1%
Public Service Enterprise Group, Inc.	22,300		765,782
Sempra Energy	5,200		415,688

			1,181,470

			3,801,625

TOTAL COMMON STOCKS (Cost $791,939,672)		$	985,344,838

SECURITIES LENDING COLLATERAL - 2.6%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)	2,552,318		25,545,389

TOTAL SECURITIES LENDING
COLLATERAL (Cost $25,543,705)		$	25,545,389

SHORT-TERM INVESTMENTS - 0.3%
Money Market Funds - 0.3%
State Street Institutional Treasury Money
Market Fund, 0.0000% (Y)	2,662,344		2,662,344

TOTAL SHORT-TERM INVESTMENTS (Cost $2,662,344)		$	2,662,344

Total Investments (U.S. Equity Trust)
(Cost $820,145,721) - 102.7%		$	1,013,552,571
Other assets and liabilities, net - (2.7%)			(26,298,256)

TOTAL NET ASSETS - 100.0%		$	987,254,315


Utilities Trust
	Shares or
	Principal
	Amount		Value


COMMON STOCKS - 87.2%
Consumer Discretionary - 10.6%
Media - 10.6%
Astro Malaysia Holdings Bhd	1,097,700	$	1,028,153
Comcast Corp., Special Class A	197,900		7,840,798
Kabel Deutschland Holding AG	13,376		1,233,400
Liberty Global, Inc., Class A (I)(L)	15,790		1,158,986
Time Warner Cable, Inc.	57,610		5,534,017
Time Warner, Inc.	1,910		110,054
Virgin Media, Inc.	109,260		5,350,462

			22,255,870
Energy - 14.5%
Energy Equipment & Services - 0.8%
Ensco PLC, Class A	22,410		1,344,600
Noble Corp.	10,910		416,217
Oil, Gas & Consumable Fuels - 13.7%
Anadarko Petroleum Corp.	1,230		107,564
Cabot Oil & Gas Corp.	15,260		1,031,729
Cheniere Energy, Inc. (I)	14,920		417,760
Enbridge, Inc.	22,190		1,033,211
Energen Corp.	30,060		1,563,421
EQT Corp.	50,320		3,409,180
Kinder Morgan, Inc.	174,496		6,749,505
Noble Energy, Inc.	11,150		1,289,609
QEP Resources, Inc.	62,531		1,990,987
Spectra Energy Corp.	104,250		3,205,688
The Williams Companies, Inc.	122,951		4,605,744
TransCanada Corp. (L)	12,980		619,708
Williams Partners LP	52,830		2,736,594

			30,521,517
Telecommunication Services - 17.0%
Diversified Telecommunication Services - 12.5%
American Tower Corp.	34,980		2,690,662
AT&T, Inc.	33,310		1,222,144
Bezeq The
Israeli Telecommunication Corp., Ltd.	1,370,630		1,902,138
BT Group PLC	177,840		749,345
CenturyLink, Inc.	55,808		1,960,535
Frontier Communications Corp. (L)	226,480		901,390
Portugal Telecom SGPS SA (L)	169,585		843,042
Swisscom AG	230		106,457
TDC A/S	309,900		2,393,422
Telecom Italia RSP	2,509,050		1,549,820
Telefonica Brasil SA, ADR (L)	58,861		1,570,411
Telefonica Deutschland Holding AG (I)	75,180		575,570
Telenet Group Holding NV	10,390		513,733
Verizon Communications, Inc.	74,120		3,642,998
Windstream Corp. (L)	290,170		2,306,852
Xl Axiata Tbk PT	1,505,000		813,136
Ziggo NV	75,260		2,649,761

			26,391,416
Wireless Telecommunication Services - 4.5%
Cellcom Israel, Ltd.	73,140		599,017
ENTEL Chile SA	23,702		502,191
MegaFon OAO, GDR (I)	5,040		156,289
Mobile TeleSystems OJSC, ADR (L)	117,565		2,438,298
NII Holdings, Inc. (I)	13,350		57,806
SBA Communications Corp., Class A (I)	19,570		1,409,431
Tim Participacoes SA, ADR	119,784		2,620,874

388

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Utilities Trust (continued)
	Shares or
	Principal
	Amount		Value


COMMON STOCKS (continued)
Wireless Telecommunication Services (continued)
Turkcell Iletisim Hizmetleri AS (I)	242,450	$	1,623,293

			9,407,199

			35,798,615
Utilities - 45.1%
Electric Utilities - 22.6%
American Electric Power Company, Inc.	49,770		2,420,315
CEZ AS	32,599		954,092
Cheung Kong Infrastructure Holdings, Ltd.	163,000		1,117,352
Cia Paranaense de Energia, ADR (L)	40,250		622,668
CLP Holdings, Ltd.	122,000		1,069,383
Duke Energy Corp.	39,640		2,877,468
Edison International	120,750		6,076,140
EDP - Energias de Portugal SA	1,761,841		5,438,034
EDP - Energias do Brasil SA	292,700		1,839,560
Exelon Corp.	6,320		217,914
FirstEnergy Corp.	54,810		2,312,982
Fortum OYJ	10,508		212,398
Great Plains Energy, Inc.	40,885		948,123
Iberdrola SA	297,780		1,388,664
ITC Holdings Corp.	16,510		1,473,683
Light SA	95,610		944,863
NextEra Energy, Inc.	39,750		3,087,780
Northeast Utilities	33,630		1,461,560
NV Energy, Inc.	30,360		608,111
OGE Energy Corp.	56,990		3,988,160
Portland General Electric Company	13,330		404,299
PPL Corp.	101,951		3,192,086
Red Electrica Corp. SA	44,463		2,238,234
SSE PLC	62,515		1,412,557
Transmissora Alianca de Energia Eletrica SA	43,280		479,116
Xcel Energy, Inc.	20,910		621,027

			47,406,569
Gas Utilities - 3.6%
APA Group, Ltd.	39,504		245,644
China Resources Gas Group, Ltd.	202,000		557,063
Enagas SA	121,107		2,829,743
Gas Natural SDG SA	46,180		818,458
Infraestructura Energetica Nova
SAB de CV (I)	95,700		304,887
ONEOK, Inc.	59,020		2,813,483

			7,569,278
Independent Power Producers & Energy Traders - 8.6%
AES Corp.	353,610		4,444,878
AES Gener SA (I)	105,030		72,396
Calpine Corp. (I)	221,590		4,564,754
China Longyuan Power Group Corp., H Shares	548,000		499,646
EDP Renovaveis SA (I)	622,333		3,008,931
NRG Energy, Inc.	186,641		4,944,120
Tractebel Energia SA	36,700		628,572

			18,163,297
Multi-Utilities - 9.7%
AGL Energy, Ltd.	37,240		616,133
CenterPoint Energy, Inc.	88,520		2,120,939
CMS Energy Corp.	207,790		5,805,653
GDF Suez	72,141		1,390,454
National Grid PLC	44,871		522,535
NiSource, Inc.	63,540		1,864,264
PG&E Corp.	32,690		1,455,686
Public Service Enterprise Group, Inc.	108,400		3,722,456
Sempra Energy	32,430		2,592,454


Utilities Trust (continued)
		Shares or
		Principal
		Amount		Value

COMMON STOCKS (continued)
Multi-Utilities (continued)
Suez Environnement Company		30,190	$	385,276

				20,475,850
Water Utilities - 0.6%
Aguas Andinas SA		649,381		509,588
Cia de Saneamento de Minas Gerais		31,700		768,361

				1,277,949

				94,892,943

TOTAL COMMON STOCKS (Cost $152,438,955)			$	183,468,945

PREFERRED SECURITIES - 5.8%
Telecommunication Services - 0.2%
Diversified Telecommunication Services - 0.2%
Oi SA		113,000		344,466
Utilities - 5.6%
Electric Utilities - 5.6%
Cia Paranaense de Energia		68,600		1,057,813
Companhia Energetica de Minas Gerais		213,150		2,502,001
Nextera Energy, Inc., 5.889%		26,910		1,467,941
Nextera Energy, Inc., 7.000%		35,290		2,041,527
PPL Corp., 8.750%		42,980		2,396,135
PPL Corp., 9.500%		43,480		2,382,704

TOTAL PREFERRED SECURITIES (Cost $12,383,002)			$	12,192,587

CORPORATE BONDS - 0.7%
Energy - 0.5%
Oil, Gas & Consumable Fuels - 0.5%
EP Energy LLC 9.375%, 05/01/2020	$	980,000	$	1,131,900
Utilities - 0.2%
Independent Power Producers & Energy Traders - 0.2%
Viridian Group FundCo II, Ltd.
11.125%, 04/01/2017 (S)		295,000		311,225

TOTAL CORPORATE BONDS (Cost $1,272,368)			$	1,443,125

CONVERTIBLE BONDS - 1.5%
Consumer Discretionary - 0.8%
Media - 0.8%
Virgin Media, Inc. 6.500%, 11/15/2016	$	609,000	$	1,600,528
Telecommunication Services - 0.7%
Wireless Telecommunication Services - 0.7%
SBA Communications Corp.
4.000%, 10/01/2014		623,000		1,485,466

TOTAL CONVERTIBLE BONDS (Cost $1,693,445)			$	3,085,994

UNITS - 0.0%
Energy - 0.0%
Access Midstream Partners LP		2,520		101,732

TOTAL UNITS (Cost $103,591)			$	101,732

SECURITIES LENDING COLLATERAL - 4.2%
Money Market Funds - 4.2%
John Hancock Collateral
Investment Trust, 0.2481% (W)(Y)		881,128		8,818,943

TOTAL SECURITIES LENDING
COLLATERAL (Cost $8,818,838)			$	8,818,943

389

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Utilities Trust (continued)
		Shares or
		Principal
		Amount		Value

SHORT-TERM INVESTMENTS - 4.6%
Repurchase Agreement - 4.6%
Repurchase Agreement with State Street Corp.
dated 03/28/2013 at 0.010% to be
repurchased at $9,657,011 on 04/01/2013,
collateralized by $9,865,000 U.S. Treasury
Notes, 0.250% due 09/15/2015 (valued at
$9,852,669, including interest)	$	9,657,000	$	9,657,000

TOTAL SHORT-TERM INVESTMENTS (Cost $9,657,000)			$	9,657,000

Total Investments (Utilities Trust)
(Cost $186,367,199) - 104.0%			$	218,768,326
Other assets and liabilities, net - (4.0%)				(8,435,450)

TOTAL NET ASSETS - 100.0%			$	210,332,876




Value Trust
		Shares or
		Principal
		Amount		Value


COMMON STOCKS - 91.4%
Consumer Discretionary - 12.7%
Auto Components - 1.0%
Johnson Controls, Inc.		149,665	$	5,248,752
Household Durables - 4.1%
Mohawk Industries, Inc. (I)		46,854		5,300,124
Newell Rubbermaid, Inc.		609,742		15,914,266

				21,214,390
Specialty Retail - 7.6%
Advance Auto Parts, Inc.		135,136		11,168,990
Ascena Retail Group, Inc. (I)		558,034		10,351,531
Express, Inc. (I)		444,335		7,913,606
Staples, Inc.		764,880		10,272,338

				39,706,465

				66,169,607
Consumer Staples - 5.6%
Food & Staples Retailing - 1.2%
Sysco Corp.		175,994		6,189,709
Food Products - 3.2%
ConAgra Foods, Inc.		466,365		16,700,531
Personal Products - 1.2%
Avon Products, Inc.		288,102		5,972,354

				28,862,594
Energy - 5.6%
Oil, Gas & Consumable Fuels - 5.6%
Murphy Oil Corp.		88,971		5,670,122
Newfield Exploration Company (I)		321,831		7,215,451
Pioneer Natural Resources Company		40,268		5,003,299
The Williams Companies, Inc.		296,375		11,102,208

				28,991,080

				28,991,080
Financials - 19.3%
Capital Markets - 3.4%
Northern Trust Corp.		226,550		12,360,568
Stifel Financial Corp. (I)		153,068		5,306,868

				17,667,436


Value Trust (continued)
	Shares or
	Principal
	Amount		Value

COMMON STOCKS (continued)
Commercial Banks - 6.3%
BB&T Corp.	334,060	$	10,486,143
Comerica, Inc.	329,665		11,851,457
Wintrust Financial Corp.	280,631		10,394,572

			32,732,172
Insurance - 7.7%
ACE, Ltd.	172,631		15,358,980
Marsh & McLennan Companies, Inc.	376,982		14,314,007
Willis Group Holdings PLC	261,704		10,334,691

			40,007,678
Real Estate Investment Trusts - 1.9%
Weingarten Realty Investors	306,400		9,666,920

			100,074,206
Health Care - 8.2%
Health Care Equipment & Supplies - 1.6%
CareFusion Corp. (I)	246,000		8,607,540
Health Care Providers & Services - 5.6%
Brookdale Senior Living, Inc. (I)	377,356		10,520,685
HealthSouth Corp. (I)	489,172		12,899,466
Universal Health Services, Inc., Class B	85,492		5,460,374

			28,880,525
Life Sciences Tools & Services - 1.0%
PerkinElmer, Inc.	151,293		5,089,497

			42,577,562
Industrials - 12.3%
Construction & Engineering - 2.0%
Foster Wheeler AG (I)	443,735		10,139,345
Electrical Equipment - 2.2%
The Babcock & Wilcox Company	408,644		11,609,576
Machinery - 5.0%
Ingersoll-Rand PLC	178,190		9,802,232
Snap-on, Inc.	196,973		16,289,667

			26,091,899
Road & Rail - 3.1%
Swift Transportation Company (I)	579,847		8,222,230
Werner Enterprises, Inc.	324,280		7,828,119

			16,050,349

			63,891,169
Information Technology - 11.6%
Communications Equipment - 1.0%
Juniper Networks, Inc. (I)	278,027		5,154,621
Computers & Peripherals - 1.6%
Diebold, Inc.	283,982		8,610,334
Electronic Equipment, Instruments & Components - 2.0%
Flextronics International, Ltd. (I)	1,557,496		10,528,673
IT Services - 3.0%
Fidelity National Information Services, Inc.	395,733		15,678,941
Office Electronics - 2.7%
Zebra Technologies Corp., Class A (I)	296,269		13,963,158
Software - 1.3%
BMC Software, Inc. (I)	141,858		6,572,281

			60,508,008
Materials - 8.3%
Chemicals - 2.3%
W.R. Grace & Company (I)	154,884		12,005,059

390

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


Value Trust (continued)
		Shares or
		Principal
		Amount		Value

COMMON STOCKS (continued)
Containers & Packaging - 6.0%
Sealed Air Corp.		830,006	$	20,011,445
Sonoco Products Company		324,348		11,348,937

				31,360,382

				43,365,441
Telecommunication Services - 2.5%
Diversified Telecommunication Services - 2.5%
tw telecom, Inc. (I)		518,329		13,056,708
Utilities - 5.3%
Electric Utilities - 2.7%
Edison International		281,466		14,163,369
Multi-Utilities - 2.6%
CenterPoint Energy, Inc.		448,177		10,738,321
Wisconsin Energy Corp.		62,336		2,673,591

				13,411,912

				27,575,281

TOTAL COMMON STOCKS (Cost $383,090,210)			$	475,071,656

PREFERRED SECURITIES - 1.6%
Financials - 1.0%
Health Care REIT, Inc.		81,094		5,036,747
Health Care - 0.6%
HealthSouth Corp.		2,860		3,360,500

TOTAL PREFERRED SECURITIES (Cost $6,950,415)			$	8,397,247

CONVERTIBLE BONDS - 1.2%
Health Care - 1.2%
Brookdale Senior Living, Inc.
2.750%, 06/15/2018	$	5,094,000	$	6,147,821

TOTAL CONVERTIBLE BONDS (Cost $4,724,635)			$	6,147,821

SHORT-TERM INVESTMENTS - 7.1%
Money Market Funds - 7.1%
State Street Institutional Liquid Reserves
Fund, 0.1355% (Y)		36,873,897		36,873,897

TOTAL SHORT-TERM INVESTMENTS (Cost $36,873,897)			$	36,873,897

Total Investments (Value Trust) (Cost $431,639,157) - 101.3%			$	526,490,621
Other assets and liabilities, net - (1.3%)				(6,882,811)

TOTAL NET ASSETS - 100.0%			$	519,607,810


Footnotes

Percentages are based upon net assets.

Key to Currency Abbreviations


ARS	- Argentine Peso
AUD	- Australian Dollar
BRL	- Brazilian Real
CAD	- Canadian Dollar
EUR	- Euro
GBP	- British Pound
HKD	- Hong Kong Dollar
INR	- Indian Rupee
IDR	- Indonesian Rupiah
JPY	- Japanese Yen
KRW	- Korean Won


MXN	- Mexican Peso
MYR	- Malaysian Ringgit
NZD	- New Zealand Dollar
NOK	- Norwegian Krone
PHP	- Philippine Peso
PLN	- Polish Zloty
SEK	- Swedish Krona
SGD	- Singapore Dollar
THB	- Thai Baht
TRY	- Turkish Lira
ZAR	- South African Rand


Key to Security Abbreviations and Legend


ADR	- American Depositary Receipts
CMT	- Constant Maturity Treasury
ETF	- Exchange Traded Fund
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
NVDR	- Non Voting Depositary Receipts
PIK	- Paid In Kind
PO	- Principal-Only Security (Principal Tranche of Stripped Security). Rate
	shown is the annualized yield on date of purchase.
REIT	- Real Estate Investment Trust
TBA	- To Be Announced. A forward mortgage-backed securities trade issued by
	a U.S. Government Agency, to be delivered at an agreed-upon future
	settlement date.
TBD	- To Be Determined
USGG	- U.S. Generic Government Yield Index
(A)	The subadvisor is an affiliate of the advisor.
(C)	Security purchased on a when-issued or delayed delivery basis.
(D)	All or a portion of this security is segregated at the custodian as collateral
	pursuant to certain derivative instrument contracts.
(F)	All or a portion of this security is held at a broker to meet the margin
	requirements for futures contracts.
(G)	The Portfolio’s subadvisor is shown parenthetically.
(H)	Non-income producing — Issuer is in default.
(I)	Non-income producing security.
(L)	A portion of the security is on loan as of March 31, 2013.
(M)	Term loans are variable rate obligations. The coupon rate shown
	represents the rate at period end.
(N)	Strike price and/or expiration date not available.
(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 as maturity date
	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)	These securities are exempt from registration under Rule 144A of the
	Securities Act of 1933. Such securities may be resold, normally to
	qualified institutional buyers, in transactions exempt from registration.
(T)	This position represents an unsettled loan commitment at period end.
	Certain details associated with this purchase are not known prior to the
	settlement date, including coupon rate.
(V)	The Fund owns 5% or more of the outstanding voting shares of the issuer
	and the security is considered an affiliate of the Fund. For more
	information on this security refer to the Notes to Portfolio of Investments.

391

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — March 31, 2013 (Unaudited) (showing percentage of total net assets)


(W)	Investment is an affiliate of the Fund, the advisor and/or subadvisor. This
	investment represents collateral recieved for securities lending.
(Y)	The rate shown is the annualized seven-day yield as of March 31, 2013.
(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.

392

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. 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 the 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, 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. Options listed on an exchange 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. Futures contracts are valued at the quoted daily settlement prices established by the exchange on which they trade. Swaps are marked-to-market daily based upon values from third party vendors, which may include a registered commodities exchange, or broker quotations. 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 reliable market quotations are not available, are valued at fair value as determined in good faith by the Portfolios’ Pricing Committee following procedures established by the Board of Trustees, which include price verification procedures. The frequency with which these fair valuation procedures are used cannot be predicted. Generally, trading in foreign 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 foreign 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 Portfolio may use a fair valuation model to value foreign securities in order to adjust for events that may occur between the close of foreign exchanges and the close of the NYSE.

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, including registered investment companies. Level 2 includes securities valued using other 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 or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy.

As of March 31, 2013, all investments for American Asset Allocation 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 Fundamental Holdings Trust, Core Global Diversification Trust, Core Strategy Trust, Franklin Templeton Founding Allocation Trust, Fundamental Holdings Trust, Global Diversification Trust, Growth Equity Trust, Lifestyle Aggressive Trust, Lifestyle Balanced PS Series, Lifestyle Balanced Trust, Lifestyle Conservative PS Series, Lifestyle Conservative Trust, Lifestyle Growth PS Series, Lifestyle Growth Trust, Lifestyle Moderate PS Series, Lifestyle Moderate Trust, Small Company Growth Trust and U.S. Equity Trust, are categorized as Level 1 under the hierarchy described above.

All investments for All Cap Core Trust are categorized as Level 1 under the hierarchy described above, including futures.

All investments for Bond PS Series are categorized as Level 2 under the hierarchy described above except for futures, which are categorized as Level 1.

All investments for Core Bond Trust are categorized as Level 2 under the hierarchy described above except for money market funds, which are categorized as Level 1.

All investments for 500 Index Trust B, All Cap Value Trust, Mid Cap Index Trust, Real Estates Securities Trust and Small Cap Value Trust, are categorized as Level 1 under the hierarchy described above except for repurchase agreements which are categorized as Level 2.

All investments for Mid Cap Value Equity Trust are categorized as Level 1 under the hierarchy described above except for convertible bonds and repurchase agreements which are categorized as Level 2.

All investments for Money Market Trust, Money Market Trust B and Ultra Short Term Bond Trust are categorized as Level 2 under the hierarchy described above.

All investments for Small Company Value Trust are categorized as Level 1 under the hierarchy described above except for preferred securities, which are categorized as Level 2.

The following is a summary of the values by input classification of Portfolios’ investments as of March 31, 2013, by major security category or type:

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.

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 Portfolio.

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 a Portfolio enters into a commitment to purchase or sell a security, the transaction is recorded and the value of the security is reflected in the Portfolio’s net asset value. The price of such security and the date that the security will be delivered and paid for are fixed at the time the transaction is negotiated. The value of the security may vary with market fluctuations. No interest accrues to the Portfolio until payment takes place. At the time that the Portfolio enters into this type of transaction, the Portfolio is required to have sufficient cash and/or liquid securities to cover its commitments.

Certain risks may arise upon entering into when-issued or delayed-delivery securities transactions, including the potential inability of counterparties to meet the terms of their contracts, and the issuer’s failure to issue the securities due to political, economic or other factors. Additionally, losses may arise due to declines in the value of the securities prior to settlement date.

Term loans (Floating rate loans). Certain 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 subadvisor’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 March 31, 2013, High Yield Trust, Mutual Shares Trust and Strategic Income Opportunities Trust had $248,789, $604,142 and $17,587,308 in unfunded loan commitments outstanding, respectively.

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 may reduce interest income to the extent of income previously recorded. 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 may be 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 only principal payments from the underlying mortgage assets (PO or principal only), while the other class receives the interest cash flows (IO or interest only). Both PO and IO investments represent an interest in the cash flows of an underlying stripped mortgage-backed security. If the underlying mortgage assets experience greater than anticipated prepayments of principal, the Portfolios 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 the Portfolios may not receive all or part of its principal or interest payments because the borrower or issuer has defaulted on its obligation.

Cost of investment securities for federal income tax purposes. The costs of investments owned on March 31, 2013, including short-term investments, for federal income tax purposes, were as follows:

Futures. A futures contract is a contractual agreement to buy or sell a particular 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 the underlying financial instrument. Use of long futures contracts subjects the Portfolios to the risk of loss up to the notional value of the futures contracts. Use of short futures contracts subjects the Portfolios to unlimited risk of loss.

The following table summarizes the contracts held at March 31, 2013 and details how the Portfolios used futures contracts during the period ended March 31, 2013.

Forward foreign currency contracts. A forward foreign currency contract is an agreement between two parties to buy and sell a specific currency at a price that is set on the date of the contract. The forward contract calls for delivery of the currency on a future date that is specified in the contract. Risks related to the use of forwards include the possible failure of counterparties to meet the terms of the forward agreement, the failure of the counterparties to timely post collateral, the risk that currency movements will not occur thereby reducing the Portfolio’s total return.

The market value of a forward foreign currency contract fluctuates with changes in foreign currency exchange rates. Forward foreign currency contracts are marked-to-market daily and the change in value is recorded by a Portfolio as an unrealized gain or loss. Realized gains or losses, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed, are recorded upon delivery or receipt of the currency or settlement with the counterparty.

The following table summarizes the contracts held at March 31, 2013 and details how the Portfolios used forward foreign currency contracts during the period ended March 31, 2013.

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 a Portfolio’s exposure to changes in the value of the underlying instrument. Buying puts and writing calls may decrease a Portfolio’s exposure to such changes. Risks related to the use of options include the loss of the premium, possible illiquidity of the options markets, trading restrictions imposed by an exchange and movements in underlying security values. In addition, over-the-counter options are subject to the risks of all over-the-counter derivatives contracts.

Options are traded either over-the-counter or on an exchange. When the 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 the Portfolio writes an option, the premium received is included as a liability and subsequently “marked-to-market” to reflect current market value of the option written.

During the period ended March 31, 2013, the Global Bond Trust and Real Return Bond Trust purchased options to manage against anticipated interest rate changes and maintain diversity and liquidity of the Portfolio. High Yield Trust purchased options to manage against potential credit events. Strategic Income Opportunities Trust purchased options to manage against anticipated currency exchange rates.

The following tables summarize the Portfolios’ written options activities during the period ended March 31, 2013 and the contracts held at March 31, 2013.

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”.

Swaps. The Portfolio 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 and the change in value is recorded as a component of unrealized appreciation/depreciation of swap contracts. The value of the swap will typically impose collateral posting obligations on 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. A portfolio may also suffer losses if it is unable to terminate or assign outstanding swaps or reduce its exposure through offsetting transactions.

Interest rate swaps. Interest rate swaps represent an agreement between 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 interest rate swap contracts held as of March 31, 2013, and details how the Portfolios used interest rate swap contracts during the period ended March 31, 2013.

Currency swaps A currency swap is an agreement between a Portfolio and counterparty to exchange cash flows based on the notional difference amount two or more currencies.

Global Bond Trust used currency swaps to manage against anticipated currency exchange rate changes and as a substitute for securities purchased.

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 Portfolio may enter into CDS in which it may act as either Buyer or Seller. By acting as the Seller, the Portfolio may incur economic leverage since it would be obligated to pay the Buyer the notional amount of the contract in the event of a default. The amount of loss in such case could be significant, but would typically be reduced by any recovery value on the underlying credit.

The following table summarizes the credit default swap contracts the Portfolio held as of March 31, 2013 as a Buyer of protection.

Implied credit spreads are utilized in determining the market value of CDS agreements in which the Portfolio is the Seller at period end. The implied credit spread generally represents the yield of the instrument above a credit-risk free rate, such as the U.S. Treasury Bond Yield, and may include upfront payments required to be made to enter into the agreement. It also serves as an indicator of the current status of the payment/performance risk and represents the likelihood or risk of default for the credit derivative. Wider credit spreads represent a deterioration of the referenced entity’s creditworthiness and an increased risk of default or other credit event occurring as defined under the terms of the agreement.

For CDS agreements where implied credit spreads are not reported or available, the average credit rating on the underlying index is shown. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity’s creditworthiness and a greater likelihood of a credit event occurring. This is also represented by a decrease in the average credit rating of the underlying index. The maximum potential amount of future payments (undiscounted) that a Portfolio as the Seller could be required to make under any CDS agreement would be an amount equal to the notional amount of the agreement.

The following table summarizes the credit default swap contracts the Portfolio held as of March 31, 2013 where Portfolios acted as a Seller of protection.

Inflation swaps. In an inflation swap, one party pays a fixed rate on a notional principal amount while the other party pays a floating rate linked to an inflation index on that same notional amount. The party paying the floating rate pays the inflation adjusted rate multiplied by the notional principal amount. If the average inflation rate over the term of the swap is the same as the fixed rate of the swap, the two legs will have the same value and the swap will break even.

The following table summarizes the inflation swap contracts the Real Return Bond Trust held as of March 31, 2013:

Direct placement securities. The Portfolios may hold direct placement securities which are restricted to resale and the Portfolios have limited rights to registration under the Securities Act of 1933. The following table summarizes the direct placement securities held at March 31, 2013.

Affiliated issuers, as defined by the Investment Company Act of 1940, are those in which Portfolio’s holdings of an issuer represent 5% or more of the outstanding voting securities of the issuer. A summary of the Portfolio’s transactions in the securities of these issuers during the period ended March 31, 2013, is set forth below:

For additional information on the Portfolios' significant accounting policies, please refer to the Portfolios' most recent semiannual or annual shareholder report.

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.


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)

SALVATORE SCHIAVONE, 601 CONGRESS STREET, BOSTON, MA 02210


(Name and address of agent for service)


Registrant’s telephone number, including area code: 617-663-4497


Date of fiscal year end: December 31


Date of reporting period: March 31, 2013


Item 1. Schedule of Investments.

Financial Services Trust
	Financials
Balance as of 12-31-12	$2,301,970
Realized gain (loss)	-
Change in unrealized appreciation (depreciation)	86,635
Purchases	-
Sales	-
Transfers into Level 3	-
Transfers out of Level 3	-
Balance as of 3-31-13	$2,388,605
Change in unrealized at period end*	$86,635

Global Bond Trust
	Preferred Securities	Term Loans	Total
Balance as of 12-31-12	$2,044,309	-	$2,044,309
Realized gain (loss)	-	-	-
Change in unrealized appreciation (depreciation)	16,495	$41,500	$57,995
Purchases	-	8,258,500	8,258,500
Sales	-	-	-
Transfers into Level 3	-	-	-
Transfers out of Level 3	-	-	-
Balance as of 3-31-13	$2,060,804	$8,300,000	$10,360,804
Change in unrealized at period end*	$16,495	$41,500	$57,995

High Yield Trust
	Corporate Bonds	Convertible Bonds	Term Loans	Common Stocks	Escrow Certificates	Total
Balance as of 12-31-12	$1,117,020	$28,400	-	$3,174,175	$55,335	$4,374,930
Realized gain (loss)	-	-	-	-	-	-
Change in unrealized appreciation (depreciation)	62,590	(47,275)	-	141,663	(55,335)	101,643
Purchases	-	224,520	1,200,000	-	-	1,424,520
Sales	-	(112,260)	-	-	-	(112,260)
Transfers into Level 3	-	-	-	-	-	-
Transfers out of Level 3	-	-	-	-	-	-
Balance as of 3-31-13	$1,179,610	$93,385	$1,200,000	$3,315,838	-	$5,788,833
Change in unrealized at period end*	$62,590	($47,275)	-	$141,663	-	$156,978

Strategic Income Opportunities Trust
	Corporate Bonds	Collateralized Mortgage Obligations	Common Stocks	Preferred Securities	Escrow Certificates	Total
Balance as of 12-31-12	$2,104,430	$298,241	$15,691	$437,383	$15,034	$2,870,779
Realized gain (loss)	15,174	-	-	-	-	15,174
Change in unrealized appreciation (depreciation)	(124,551)	(2,401)	8,519	47,182	(773)	(72,024)
Purchases	-	189,784	-	325,000	-	514,784
Sales	(214,346)	(196,106)	-	-	(111)	(410,563)
Transfers into Level 3	-	-	-	-	-	-
Transfers out of Level 3	-	-	(24,210)	(482,940)	-	(507,150)
Balance as of 3-31-13	$1,780,707	$289,518	-	$326,625	$14,150	$2,411,000
Change in unrealized at period end*	($124,551)	($2,401)	-	$1,625	($773)	($126,100)
*Change in unrealized appreciation (depreciation) attributable to Level 3 securities held at the period end.

Portfolio	Aggregate Cost	Unrealized Appreciation	Unrealized Depreciation	Net Unrealized Appreciation (Depreciation)
500 Index Trust B	$1,917,495,572	$740,260,730	($48,649,282)	$691,611,448
Active Bond Trust	1,270,037,552	85,393,799	(28,259,164)	57,134,635
All Cap Core Trust	350,432,147	53,859,344	(3,313,950)	50,545,394
All Cap Value Trust	467,731,752	87,578,653	(1,832,791)	85,745,862
Alpha Opportunities Trust	922,657,669	113,524,743	(12,155,226)	101,369,517
American Asset Allocation Trust	1,203,590,133	524,371,727	-	524,371,727
American Global Growth Trust	166,195,068	8,305,147	-	8,305,147
American Global Small Capitalization Trust	96,171,460	-	(2,431,915)	(2,431,915)
American Growth Trust	923,604,957	191,745,443	-	191,745,443
American Growth-Income Trust	1,082,078,221	258,080,298	-	258,080,298
American High-Income Bond Trust	105,585,034	-	(152,294)	(152,294)
American International Trust	706,131,017	-	(4,202,708)	(4,202,708)
American New World Trust	80,436,166	-	(2,518,215)	(2,518,215)
Blue Chip Growth Trust	1,304,182,948	571,281,005	(10,361,850)	560,919,155
Bond Trust	8,115,386,518	187,526,740	(57,694,583)	129,832,157
Bond PS Series	255,671,800	4,173,609	(907,225)	3,266,384
Capital Appreciation Trust	876,252,779	269,198,623	(5,473,573)	263,725,050
Capital Appreciation Value Trust	301,903,177	47,007,695	(511,843)	46,495,852
Core Allocation Plus Trust	182,172,899	16,620,562	(2,349,160)	14,271,402
Core Bond Trust	1,924,012,993	21,150,724	(4,772,913)	16,377,811
Core Fundamental Holdings Trust	327,496,071	31,211,684	(561,879)	30,649,805
Core Global Diversification Trust	330,405,478	24,650,998	(460,537)	24,190,461
Core Strategy Trust	743,179,889	50,945,005	(2,364,907)	48,580,098
Disciplined Diversification Trust	202,958,651	62,083,065	(11,469,946)	50,613,119
Emerging Markets Value Trust	1,153,752,867	224,348,070	(174,972,821)	49,375,249
Equity-Income Trust	1,764,348,846	540,858,687	(42,335,267)	498,523,420
Financial Services Trust	141,239,576	34,219,886	(7,662,049)	26,557,837
Franklin Templeton Founding Allocation Trust	1,224,699,355	73,979,593	-	73,979,593
Fundamental All Cap Core Trust	1,249,772,753	240,420,314	(60,721,774)	179,698,540
Fundamental Holdings Trust	832,567,641	252,249,511	-	252,249,511
Fundamental Large Cap Value Trust	481,965,628	97,177,040	(7,104,140)	90,072,900
Fundamental Value Trust	1,198,356,121	443,444,014	(21,629,083)	421,814,931
Global Trust	629,117,590	95,077,468	(85,957,147)	9,120,321
Global Bond Trust	970,345,049	26,183,970	(22,143,494)	4,040,476
Global Diversification Trust	657,796,212	127,784,893	-	127,784,893
Growth Equity Trust	402,804,962	76,497,486	(3,476,934)	73,020,552
Health Sciences Trust	150,967,261	69,106,086	(5,541,170)	63,564,916
Heritage Trust	132,737,561	32,229,701	(704,765)	31,524,936
High Yield Trust	264,818,014	17,973,712	(12,102,785)	5,870,927
Income Trust	435,415,418	61,146,633	(37,521,519)	23,625,114
International Core Trust	748,404,817	71,807,164	(61,259,259)	10,547,905
International Equity Index Trust B	577,691,793	155,428,157	(55,282,879)	100,145,278
International Growth Stock Trust	459,255,536	70,542,733	(8,547,611)	61,995,122
International Small Company Trust	107,586,491	23,182,971	(25,338,424)	(2,155,453)
International Value Trust	1,095,717,434	129,273,276	(144,144,645)	(14,871,369)
Investment Quality Bond Trust	345,003,960	23,321,844	(1,376,269)	21,945,575
Lifestyle Aggressive Trust	374,109,039	79,851,123	(4,772,129)	75,078,994
Lifestyle Balanced PS Series	166,943,494	12,759,146	-	12,759,146
Lifestyle Balanced Trust	10,401,472,887	1,711,107,112	-	1,711,107,112
Lifestyle Conservative PS Series	54,966,990	2,623,818	-	2,623,818
Lifestyle Conservative Trust	2,611,104,589	194,654,149	-	194,654,149
Lifestyle Growth PS Series	171,719,380	17,440,022	(29,804)	17,410,218
Lifestyle Growth Trust	12,600,455,452	2,221,046,970	(69,645,501)	2,151,401,469
Lifestyle Moderate PS Series	83,386,348	5,809,132	-	5,809,132
Lifestyle Moderate Trust	3,190,747,982	425,128,308	(243,850)	424,884,458
Mid Cap Index Trust	583,055,070	254,440,392	(14,951,131)	239,489,261
Mid Cap Stock Trust	853,335,622	127,861,117	(6,662,142)	121,198,975
Mid Cap Value Equity Trust	129,926,402	30,285,984	(492,746)	29,793,238
Mid Value Trust	758,299,094	165,934,976	(16,090,159)	149,844,817
Mutual Shares Trust	565,243,055	122,220,906	(25,257,933)	96,962,973
Natural Resources Trust	182,195,775	13,965,498	(12,207,522)	1,757,976
New Income Trust	2,879,252,316	97,587,470	(11,364,991)	86,222,479
Real Estate Securities Trust	432,365,031	46,052,725	(2,215,076)	43,837,649
Real Return Bond Trust	231,996,879	6,500,966	(447,269)	6,053,697
Science & Technology Trust	365,929,196	31,951,650	(17,092,433)	14,859,217
Short Term Government Income Trust	553,792,759	6,436,447	(2,191,057)	4,245,390
Small Cap Growth Trust	470,699,787	72,759,758	(2,261,862)	70,497,896
Small Cap Index Trust	347,613,000	122,240,593	(15,469,483)	106,771,110
Small Cap Opportunities Trust	152,213,460	51,467,967	(6,631,013)	44,836,954
Small Cap Value Trust	574,430,403	195,737,176	(6,481,183)	189,255,993
Small Company Growth Trust	101,376,385	34,333,054	(1,591,484)	32,741,570
Small Company Value Trust	348,772,423	126,648,991	(14,336,667)	112,312,324
Smaller Company Growth Trust	231,841,184	49,957,579	(5,487,283)	44,470,296
Strategic Equity Allocation Trust	7,570,301,723	1,223,266,708	(204,504,531)	1,018,762,177
Strategic Income Opportunities Trust	464,495,668	38,380,029	(8,326,383)	30,053,646
Total Bond Market Trust B	524,917,712	36,729,460	(1,535,647)	35,193,813
Total Return Trust	4,296,029,278	123,507,907	(10,971,231)	112,536,676
Total Stock Market Index Trust	356,706,967	150,710,744	(29,137,325)	121,573,419
Ultra Short Term Bond Trust	123,751,665	(941,448)	18,073	(923,375)
U.S. Equity Trust	832,238,343	185,846,633	(4,532,405)	181,314,228
Utilities Trust	188,433,648	36,793,081	(6,458,403)	30,334,678
Value Trust	434,667,505	99,023,467	(7,200,351)	91,823,116

500 Index Trust B
The Portfolio used futures contracts as a substitute for securities purchased.
Portfolio	Open Contracts	Number of Contracts	Position	Expiration Date	Notional Basis	Notional Value	Unrealized Appreciation (Depreciation)
500 Index Trust B	S&P 500 Index Futures	249	Long	Jun 2013	$96,180,476	$97,278,075	$1,097,599
							$1,097,599

Active Bond Trust
The Portfolio used futures contracts to manage duration.
Portfolio	Open Contracts	Number of Contracts	Position	Expiration Date	Notional Basis	Notional Value	Unrealized Appreciation (Depreciation)
Active Bond Trust	U.S. Treasury 10-Year Note Futures	85	Long	Jun 2013	$11,215,866	$11,218,672	$2,806
							$2,806


All Cap Core Trust
The Portfolio used futures contracts as a substitute for securities purchased.
Portfolio	Open Contracts	Number of Contracts	Position	Expiration Date	Notional Basis	Notional Value	Unrealized Appreciation (Depreciation)
All Cap Core Trust	Russell 2000 Mini Index Futures	2	Long	Jun 2013	$188,699	$189,780	$1,081
	S&P 500 E-Mini Index Futures	48	Long	Jun 2013	3,719,201	3,750,480	31,279
							$32,360

Bond Trust
The Portfolio used futures contracts to manage duration.
Portfolio	Open Contracts	Number of Contracts	Position	Expiration Date	Notional Basis	Notional Value	Unrealized Appreciation (Depreciation)
Bond Trust	U.S. Treasury 10-Year Note Futures	2,160	Short	Jun 2013	($284,114,230)	($285,086,250)	($972,020)
							($972,020)

Bond PS Series
The Portfolio used futures contracts to manage duration.
Portfolio	Open Contracts	Number of Contracts	Position	Expiration Date	Notional Basis	Notional Value	Unrealized Appreciation (Depreciation)
Bond PS Series	U.S. Treasury 10-Year Note Futures	45	Short	Jun 2013	($5,918,984)	($5,939,297)	($20,313)
							($20,313)

Core Allocation Plus Trust
The Portfolio used futures contracts to manage duration, manage against anticipated interest rate changes, gain exposure to treasuries markets, gain exposure to foreign bond markets and as a substitute for securities purchased.
Portfolio	Open Contracts	Number of Contracts	Position	Expiration Date	Notional Basis	Notional Value	Unrealized Appreciation (Depreciation)
Core Allocation Plus Trust	MSCI EAFE Mini Index Futures	134	Long	Jun 2013	$11,188,450	$11,116,640	($71,810)
	S&P 500 E-Mini Index Futures	20	Long	Jun 2013	1,537,791	1,562,700	24,909
	U.S. Treasury 2-Year Note Futures	10	Long	Jun 2013	2,204,391	2,204,531	140
	U.S. Treasury 5-Year Note Futures	26	Long	Jun 2013	3,221,611	3,225,422	3,811
	U.S. Treasury 10-Year Note Futures	6	Long	Jun 2013	788,771	791,906	3,135
	U.S. Treasury 30-Year Bond Futures	7	Long	Jun 2013	1,006,316	1,011,281	4,965
	German Euro BUND Futures	4	Short	Jun 2013	(737,523)	(745,986)	(8,463)
	U.S. Treasury 5-Year Note Futures	13	Short	Jun 2013	(1,611,116)	(1,612,711)	(1,595)
	U.S. Treasury 10-Year Note Futures	4	Short	Jun 2013	(526,665)	(527,938)	(1,273)
	Ultra Long U.S. Treasury Bond Futures	18	Short	Jun 2013	(2,847,065)	(2,836,688)	10,377
							($35,804)

Global Bond Trust
The Portfolio used futures contracts to manage duration, manage against anticipated interest rate changes, maintain diversity and liquidity of the Portfolio, gain exposure to foreign bond markets and gain exposure to treasuries markets.
Portfolio	Open Contracts	Number of Contracts	Position	Expiration Date	Notional Basis	Notional Value	Unrealized Appreciation (Depreciation)
Global Bond Trust	3-Month EURIBOR Interest Rate Futures	19	Long	Sep 2014	$6,062,025	$6,062,914	$889
	3-Month EURIBOR Interest Rate Futures	90	Long	Dec 2014	28,611,778	28,701,761	89,983
	3-Month EURIBOR Interest Rate Futures	689	Long	Mar 2015	219,441,769	219,595,445	153,676
	3-Month EURIBOR Interest Rate Futures	469	Long	Jun 2015	149,233,301	149,380,193	146,892
	3-Month EURIBOR Interest Rate Futures	351	Long	Sep 2015	111,606,792	111,711,902	105,110
	3-Month EURIBOR Interest Rate Futures	245	Long	Dec 2015	77,820,722	77,908,808	88,086
	3-Month Sterling Interest Rate Futures	574	Long	Dec 2014	108,147,544	108,420,904	273,360
	3-Month Sterling Interest Rate Futures	232	Long	Jun 2015	43,749,382	43,777,626	28,244
	3-Month Sterling Interest Rate Futures	371	Long	Sep 2015	69,899,763	69,957,136	57,373
	3-Month Sterling Interest Rate Futures	200	Long	Dec 2015	37,648,393	37,682,353	33,960
	3-Year Australian Treasury Bond Futures	363	Long	Jun 2013	40,940,548	41,182,326	241,778
	German Euro BOBL Futures	195	Long	Jun 2013	31,516,477	31,675,046	158,569
	German Euro BUND Futures	374	Long	Jun 2013	68,871,579	69,749,680	878,101
	U.S. Treasury 10-Year Note Futures	1,086	Long	Jun 2013	142,773,371	143,335,031	561,660
	10-Year Canada Government Bond Futures	69	Short	Jun 2013	(9,026,909)	(9,171,019)	(144,110)
	Euro BTP Italian Government Bond Futures	141	Short	Jun 2013	(19,722,518)	(19,612,202)	110,316
	U.K. Long GILT Bond Futures	69	Short	Jun 2013	(12,056,833)	(12,453,136)	(396,303)
	U.S. Treasury 30-Year Bond Futures	78	Short	Jun 2013	(11,116,115)	(11,268,563)	(152,448)
							$2,235,136

High Yield Trust
The Portfolio used futures contracts to manage against anticipated interest rate changes.
Portfolio	Open Contracts	Number of Contracts	Position	Expiration Date	Notional Basis	Notional Value	Unrealized Appreciation (Depreciation)
High Yield Trust	U.S. Treasury 30-Year Bond Futures	4	Short	Jun 2013	($572,300)	($577,875)	($5,575)
							($5,575)

International Core Trust
The Portfolio used futures contracts as a substitute for securities purchased.
Portfolio	Open Contracts	Number of Contracts	Position	Expiration Date	Notional Cost	Aggregate Settlement Value	Unrealized Appreciation (Depreciation)
International Core Trust	CAC 40 Index Futures	61	Long	Apr 2013	$2,968,353	$2,918,159	($50,194)
	DAX Index Futures	26	Long	Jun 2013	6,661,800	6,499,400	(162,400)
	FTSE 100 Index Futures	10	Long	Jun 2013	968,351	966,826	(1,525)
	FTSE MIB Index Futures	161	Long	Jun 2013	16,308,326	15,516,528	(791,798)
	SGX MSCI Singapore Index Futures	34	Long	Apr 2013	2,020,172	2,043,810	23,638
	TOPIX Index Futures	70	Long	Jun 2013	7,362,799	7,749,776	386,977
	ASX SPI 200 Index Futures	29	Short	Jun 2013	(3,823,150)	(3,749,261)	73,889
	S&P TSE 60 Index Futures	129	Short	Jun 2013	(18,644,664)	(18,512,202)	132,462
							($388,951)

International Equity Index Trust B
The Portfolio used futures contracts to gain exposure to certain securities markets and as a substitute for securities purchased.

Portfolio	Open Contracts	Number of Contracts	Position	Expiration Date	Notional Basis	Notional Value	Unrealized Appreciation (Depreciation)
International Equity Index Trust B	MSCI EAFE Mini Index Futures	98	Long	Jun 2013	$8,174,815	$8,130,080	($44,735)
	MSCI Emerging Market Mini Futures	120	Long	Jun 2013	6,345,286	6,164,400	(180,886)
	MSCI Taiwan Index Futures	131	Long	Apr 2013	3,685,859	3,725,640	39,781
							($185,840)

Investment Quality Bond Trust
The Portfolio used futures contracts to manage duration, manage against anticipated interest rate changes, gain exposure to foreign bond markets and to gain exposure to treasuries markets.
Portfolio	Open Contracts	Number of Contracts	Position	Expiration Date	Notional Basis	Notional Value	Unrealized Appreciation (Depreciation)
Investment Quality Bond Trust	U.S. Treasury 2-Year Note Futures	39	Long	Jun 2013	$8,597,126	$8,597,672	$546
	U.S. Treasury 5-Year Note Futures	85	Long	Jun 2013	10,532,114	10,544,648	12,534
	U.S. Treasury 10-Year Note Futures	84	Long	Jun 2013	11,044,254	11,086,688	42,434
	German Euro BUND Futures	24	Short	Jun 2013	(4,425,135)	(4,475,915)	(50,780)
	Ultra Long U.S. Treasury Bond Futures	15	Short	Jun 2013	(2,372,554)	(2,363,906)	8,648
	U.S. Treasury 30-Year Bond Futures	41	Short	Jun 2013	(5,856,723)	(5,923,219)	(66,496)
							($53,114)

Mid Cap Index Trust
The Portfolio used futures contracts as a substitute for securities purchased.
Portfolio	Open Contracts	Number of Contracts	Position	Expiration Date	Notional Basis	Notional Value	Unrealized Appreciation (Depreciation)
Mid Cap Index Trust	S&P MidCap 400 E-Mini Index Futures	139	Long	Jun 2013	$15,712,877	$15,998,900	$286,023
							$286,023

New Income Trust
The Portfolio used futures contracts to manage duration.
Portfolio	Open Contracts	Number of Contracts	Position	Expiration Date	Notional Basis	Notional Value	Unrealized Appreciation (Depreciation)
New Income Trust	U.S. Treasury 5-Year Note Futures	103	Short	Jun 2013	($12,765,151)	($12,777,633)	($12,482)
	U.S. Treasury 10-Year Note Futures	1,478	Short	Jun 2013	(194,494,621)	(195,072,906)	(578,285)
							($590,767)

Real Return Bond Trust
The Portfolio used futures contracts to manage duration.
Portfolio	Open Contracts	Number of Contracts	Position	Expiration Date	Notional Basis	Notional Value	Unrealized Appreciation (Depreciation)
Real Return Bond Trust	90-Day Eurodollar Futures	17	Long	Sep 2015	$4,212,888	$4,216,425	$3,537
	90-Day Eurodollar Futures	38	Long	Mar 2016	9,394,400	9,400,724	6,324
							$9,861

Short Term Government Income Trust
The Portfolio used futures contracts to manage duration.
Portfolio	Open Contracts	Number of Contracts	Position	Expiration Date	Notional Basis	Notional Value	Unrealized Appreciation (Depreciation)
Short Term Government Income Trust	U.S. Treasury 5-Year Note Futures	355	Short	Jun 2013	($43,994,034)	($44,039,414)	($45,380)
							($45,380)
Small Cap Index Trust
The Portfolio used futures contracts as a substitute for securities purchased.
Portfolio	Open Contracts	Number of Contracts	Position	Expiration Date	Notional Basis	Notional Value	Unrealized Appreciation (Depreciation)
Small Cap Index Trust	Russell 2000 Mini Index Futures	227	Long	Jun 2013	$21,177,453	$21,540,030	$362,577
							$362,577

Smaller Company Growth Trust
The Portfolio used futures contracts as a substitute for securities purchased.
Portfolio	Open Contracts	Number of Contracts	Position	Expiration Date	Notional Basis	Notional Value	Unrealized Appreciation (Depreciation)
Smaller Company Growth Trust	Russell 2000 Mini Index Futures	8	Long	Jun 2013	$745,032	$759,120	$14,088
							$14,088

Strategic Equity Allocation Trust
The Portfolio used futures contracts as a substitute for securities purchased.
Portfolio	Open Contracts	Number of Contracts	Position	Expiration Date	Notional Basis	Notional Value	Unrealized Appreciation (Depreciation)
Strategic Equity Allocation Trust	MSCI EAFE Mini Index Futures	1,117	Long	Jun 2013	$93,241,043	$92,666,320	($574,723)
	Russell 2000 Mini Index Futures	55	Long	Jun 2013	5,031,305	5,218,950	187,645
	S&P 500 Index Futures	285	Long	Jun 2013	110,706,206	111,342,375	636,169
	S&P MidCap 400 E-Mini Index Futures	20	Long	Jun 2013	2,254,360	2,302,000	47,640
							$296,731

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 gain exposure to foreign bond markets and gain exposure to treasuries markets.
Portfolio	Open Contracts	Number of Contracts	Position	Expiration Date	Notional Basis	Notional Value	Unrealized Appreciation (Depreciation)
Total Return Trust	90-day Eurodollar Futures	1,747	Long	Jun 2015	$433,059,144	$433,714,588	$655,444
	90-day Eurodollar Futures	247	Long	Sep 2015	61,158,431	61,262,175	103,744
	90-day Eurodollar Futures	1,297	Long	Dec 2015	321,367,886	321,299,325	(68,561)
	90-day Eurodollar Futures	378	Long	Mar 2016	93,543,594	93,512,465	(31,129)
	90-day Eurodollar Futures	24	Long	Jun 2016	5,930,706	5,928,000	(2,706)
	90-day Eurodollar Futures	16	Long	Sep 2016	3,947,891	3,945,400	(2,491)
	3-Month EURIBOR Interest Rate Futures	49	Long	Dec 2014	15,598,249	$15,626,514	28,265
	3-Month EURIBOR Interest Rate Futures	43	Long	Mar 2015	13,706,307	13,704,796	(1,511)
	3-Month EURIBOR Interest Rate Futures	41	Long	Jun 2015	13,059,116	13,058,823	(293)
	U.S. Treasury 10-Year Note Futures	2,104	Long	Jun 2013	275,828,306	277,695,125	1,866,819
	German Euro BUND Futures	47	Short	Jun 2013	(8,660,468)	(8,765,334)	(104,866)
							$2,442,715

Total Stock Market Index Trust
The Portfolio used futures contracts as a substitute for securities purchased.
Portfolio	Open Contracts	Number of Contracts	Position	Expiration Date	Notional Basis	Notional Value	Unrealized Appreciation (Depreciation)
Total Stock Market Index Trust	Russell 2000 Mini Index Futures	26	Long	Jun 2013	$2,427,815	$2,467,140	$39,325
	S&P 500 Index Futures	41	Long	Jun 2013	15,800,788	16,017,675	216,887
	S&P MidCap 400 E-Mini Index Futures	13	Long	Jun 2013	1,460,672	1,496,300	35,628
							$291,840
Notional basis refers to the contractual amount agreed upon at inception of the open contracts; notional value represents the current value of the open contracts.

	Number of Contracts	Premiums Received
Capital Appreciation Value Trust
Outstanding, beginning of period	4,945	$700,843
Options written	3,546	454,312
Option closed	(1,599)	(191,815)
Options exercised	(1,818)	(247,771)
Options expired	(1,473)	(229,604)
Outstanding, end of period	3,601	$485,965

Global Bond Trust
Outstanding, beginning of period	227,800,000	$3,672,423
Options written	449,111,936	2,166,882
Option closed	(248,920,000)	(2,277,115)
Options exercised	(89,200,000)	(971,110)
Options expired	(459)	(267,423)
Outstanding, end of period	338,791,477	$2,323,657

Health Sciences Trust
Outstanding, beginning of period	5,024	$3,144,960
Options written	1,168	650,251
Option closed	(1,773)	(1,062,046)
Options exercised	(304)	(214,296)
Options expired	(2,238)	(1,459,711)
Outstanding, end of period	1,877	$1,059,158

High Yield Trust
Outstanding, beginning of period	30,920,000	$165,984
Options written	11,800,000	78,470
Option closed	-	-
Options exercised	(5,800,000)	(30,160)
Options expired	(25,120,000)	(135,824)
Outstanding, end of period	11,800,000	$78,470

Real Return Bond Trust
Outstanding, beginning of period	24,200,000	$215,591
Options written	26,500,000	98,690
Option closed	(22,900,000)	(142,859)
Options exercised	(2,000,000)	(22,550)
Options expired	-	-
Outstanding, end of period	25,800,000	$148,872

Total Return Trust
Outstanding, beginning of period	586,500,000	$2,823,503
Options written	642,000,000	1,655,998
Option closed	(621,400,000)	(1,909,770)
Options exercised	-	-
Options expired	-	-
Outstanding, end of period	607,100,000	$2,569,731

Capital Appreciation Value Trust
The Portfolio used written options to manage against anticipated changes in securities markets.
Portfolio	Name of Issuer	Exercise Price	Expiration Date	Number of Contracts	Premium	Value
Capital Appreciation Value Trust	Calls
	Accenture PLC	$75.00	May 2013	32	$5,568	($6,160)
	Accenture PLC	72.50	May 2013	32	8,320	(12,000)
	Accenture PLC	70.00	May 2013	32	12,064	(19,200)
	Cisco Systems, Inc.	22.00	Jan 2014	281	35,419	(30,629)
	IBM Corp.	230.00	Jan 2014	82	36,494	(37,105)
	JPMorgan Chase & Company	55.00	Jan 2014	226	26,693	(22,148)
	JPMorgan Chase & Company	45.00	Jan 2014	160	41,759	(77,600)
	Microsoft Corp.	30.00	Jan 2014	248	24,799	(28,644)
	Oracle Corp.	37.00	Jan 2014	295	26,513	(26,698)
	Pfizer, Inc.	27.00	Jan 2014	449	55,192	(113,821)
	Philip Morris International	97.50	Jan 2014	38	8,284	(10,526)
	Philip Morris International	95.00	Jan 2014	38	11,096	(14,345)
	Procter & Gamble Company	75.00	Jan 2014	206	21,336	(87,035)
	The Walt Disney Company	57.50	Jan 2014	97	20,707	(35,405)
	The Walt Disney Company	55.00	Jan 2014	97	30,306	(48,743)
	The Williams Companies, Inc.	40.00	Aug 2013	99	6,732	(11,929)
	The Williams Companies, Inc.	40.00	Jan 2014	147	12,789	(29,473)
	U.S. Bancorp	34.00	Jun 2013	104	8,693	(10,348)
	U.S. Bancorp	37.00	Jan 2014	520	36,353	(42,120)
	U.S. Bancorp	35.00	Jan 2014	363	45,032	(55,176)
	Zoetis, Inc.	35.00	Oct 2013	55	11,816	(8,388)
				3,601	$485,965	($727,493)

Health Sciences Trust
The Portfolio used written options to manage against anticipated changes in securities markets.
Portfolio	Name of Issuer	Exercise Price	Expiration Date	Number of Contracts	Premium	Value
Health Sciences Trust	Calls
	Alexion Pharmaceuticals, Inc.	$115.00	Jan 2014	5	$4,310	($1,350)
	Alexion Pharmaceuticals, Inc.	110.00	Jan 2014	5	5,185	(1,950)
	Allergan, Inc.	115.00	Jul 2013	9	1,503	(2,925)
	Amgen, Inc.	90.00	Jul 2013	18	4,681	(23,940)
	Amgen, Inc.	97.50	Jan 2014	27	6,021	(27,472)
	Ariad Pharmaceuticals, Inc.	23.00	May 2013	56	8,238	(1,260)
	Ariad Pharmaceuticals, Inc.	25.00	Aug 2013	29	3,326	(1,377)
	Catamaran Corp.	60.00	Apr 2013	20	4,440	(300)
	Celgene Corp.	90.00	Apr 2013	29	3,610	(75,110)
	Celgene Corp.	87.50	Apr 2013	29	7,308	(82,433)
	Covidien PLC	65.00	Jul 2013	36	3,672	(14,940)
	DaVita HealthCare Partners	120.00	Apr 2013	19	3,743	(2,613)
	DaVita HealthCare Partners	120.00	Jul 2013	18	6,786	(8,190)
	Edwards Lifesciences Corp.	110.00	May 2013	9	1,773	(68)
	Eli Lilly & Company	55.00	Apr 2013	7	767	(1,400)
	Gilead Sciences, Inc.	42.50	May 2013	76	7,410	(52,060)
	Intuitive Surgical, Inc.	680.00	Jan 2014	7	17,689	(5,285)
	McKesson Corp.	115.00	Aug 2013	9	1,030	(2,115)
	McKesson Corp.	110.00	Aug 2013	18	3,996	(7,830)
	Monsanto Company	100.00	Apr 2013	38	7,926	(23,655)
	Monsanto Company	95.00	Apr 2013	9	4,248	(9,652)
	Regeneron Pharmaceuticals, Inc.	200.00	Sep 2013	27	31,953	(24,435)
	Stryker Corp.	57.50	Jun 2013	56	11,536	(45,920)
	Teva Pharmaceutical Industries, Ltd., ADR	45.00	Jun 2013	36	3,492	(342)
	The Cooper Companies Inc.	115.00	May 2013	11	2,717	(495)
	Valeant Pharmaceuticals International, Inc.	70.00	Apr 2013	57	9,291	(31,065)
	Valeant Pharmaceuticals International, Inc.	65.00	Apr 2013	59	26,122	(59,295)
	Zimmer Holdings, Inc.	80.00	Jan 2014	36	9,792	(10,800)
				755	$202,565	($518,277)
	Puts
	Agilent Technologies, Inc.	$45.00	Mar 2013	56	$45,194	($31,920)
	Alexion Pharmaceuticals, Inc.	115.00	Mar 2013	11	27,356	(28,490)
	Alexion Pharmaceuticals, Inc.	110.00	Mar 2013	11	27,466	(24,035)
	Alexion Pharmaceuticals, Inc.	100.00	Mar 2013	2	3,144	(1,860)
	AmerisourceBergen Corp.	45.00	Mar 2013	9	4,229	(1,215)
	Bristol-Myers Squibb Company	35.00	Mar 2013	73	26,608	(7,409)
	Catamaran Corp.	52.50	Mar 2013	10	6,720	(1,475)
	Centene Corp.	40.00	Mar 2013	19	12,863	(7,695)
	Cerner Corp.	80.00	Mar 2013	11	7,347	(770)
	Edwards Lifesciences Corp.	105.00	Mar 2013	7	11,529	(16,275)
	Edwards Lifesciences Corp.	100.00	Mar 2013	9	13,698	(17,910)
	Eli Lilly & Company	55.00	Mar 2013	39	25,233	(13,162)
	Eli Lilly & Company	48.00	Mar 2013	80	39,904	(200)
	Express Scripts Holding Company	55.00	Mar 2013	4	2,868	(1,560)
	Forest Laboratories, Inc.	40.00	Mar 2013	112	55,693	(44,800)
	Gilead Sciences, Inc.	42.50	Mar 2013	74	47,389	(17,649)
	Gilead Sciences, Inc.	37.50	Mar 2013	38	16,758	(513)
	Gilead Sciences, Inc.	35.00	Mar 2013	20	11,870	(1,710)
	Humana, Inc.	80.00	Mar 2013	7	10,789	(10,115)
	Medivation, Inc.	55.00	Mar 2013	68	78,812	(92,140)
	MEDNAX, Inc.	85.00	Mar 2013	9	5,543	(2,565)
	MEDNAX, Inc.	85.00	Mar 2013	9	5,643	(1,148)
	Merck & Company. Inc.	45.00	Mar 2013	45	23,894	(17,212)
	Nuance Communications, Inc.	25.00	Mar 2013	9	6,363	(5,310)
	Onyx Pharmaceuticals, Inc.	90.00	Mar 2013	23	38,299	(28,980)
	Onyx Pharmaceuticals, Inc.	75.00	Mar 2013	17	23,648	(10,115)
	Perrigo Company	105.00	Mar 2013	3	2,841	(495)
	Pfizer, Inc.	27.00	Mar 2013	127	31,819	(16,319)
	Pharmacyclics, Inc.	50.00	Mar 2013	6	7,183	(1,830)
	Pharmacyclics, Inc.	50.00	Mar 2013	6	5,103	(930)
	Sarepta Therapeutics, Inc.	40.00	Mar 2013	23	41,905	(29,785)
	St. Jude Medical, Inc.	45.00	Mar 2013	13	13,643	(9,100)
	St. Jude Medical, Inc.	30.00	Mar 2013	11	4,147	(990)
	Stryker Corp.	60.00	Mar 2013	19	14,430	(4,988)
	Teva Pharmaceutical Industries, Ltd., ADR	45.00	Mar 2013	18	14,346	(11,655)
	The Cooper Companies Inc.	100.00	Mar 2013	8	7,416	(680)
	Thermo Fisher Scientific, Inc.	65.00	Mar 2013	15	9,705	(1,163)
	UnitedHealth Group, Inc.	60.00	Mar 2013	32	29,761	(20,160)
	Vertex Pharmaceuticals, Inc.	60.00	Mar 2013	36	60,641	(45,720)
	ViroPharma, Inc.	30.00	Mar 2013	6	4,905	(3,660)
	WellPoint, Inc.	70.00	Mar 2013	27	29,888	(20,993)
				1,122	$856,593	($554,701)

High Yield Trust
The Portfolio used credit default swaptions to manage against potential credit events.
Portfolio	Description	Counterparty	Index	Buy / Sell Protection	Exercise Rate	Expiration Date		Notional Amount	Premium	Value
High Yield Trust	Calls
	5-Year Credit Default Swap	BNP Paribas	MARKIT CDX.NA.HY.19	Buy	103	May 2013	USD	5,900,000	$35,400	($73,750)
								5,900,000	$35,400	($73,750)
	Puts
	5-Year Credit Default Swap	BNP Paribas	MARKIT CDX.NA.HY.19	Sell	98	May 2013	USD	5,900,000	$43,070	($7,788)
								5,900,000	$43,070	($7,788)

Global Bond Trust
The Portfolio used inflation floors to manage against anticipated interest rate changes, manage duration and as a substitute for securities purchased.
Portfolio	Description	Counterparty	Strike Index	Exercise Index	Expiration Date		Notional Amount	Premium	Value
Global Bond Trust	Floor- OTC CPURNSA Index	Citibank NA	217.965	Maximum of ((1+0.0%)¹⁰ - (Index Final/Index Initial)) or $0	Sep 2020	USD	2,000,000	$25,800	($3,787)
	Floor- OTC CPURNSA Index	Deutsche Bank AG	218.011	Maximum of ((1+0.0%)¹⁰ - (Index Final/Index Initial)) or $0	Oct 2020	USD	2,300,000	22,540	(4,264)
							4,300,000	$48,340	($8,051)

Real Return Bond Trust
The Portfolio used inflation floors to manage against anticipated interest rate changes, manage duration and as a substitute for securities purchased.
Portfolio	Description	Counterparty	Strike Index	Exercise Index	Expiration Date		Notional Amount	Premium	Value
Real Return Bond Trust	Floor- OTC CPURNSA Index	Citibank NA	0*	Maximum of ((1+0.0%)¹⁰ - (Index Final/Index Initial)) or $0	Mar 2018	USD	100,000	$860	($331)
	Floor- OTC CPURNSA Index	Citibank NA	216.687	Maximum of ((1+0.0%)¹⁰ - (Index Final/Index Initial)) or $0	Apr 2020	USD	2,600,000	23,160	(4,652)
	Floor- OTC CPURNSA Index	Citibank NA	217.965	Maximum of ((1+0.0%)¹⁰ - (Index Final/Index Initial)) or $0	Sep 2020	USD	200,000	2,580	(379)
							2,900,000	$26,600	($5,362)
*The floor level is zero. The starting index value will be determined in March 2014, using the index value from December 2013.
Total Return Trust
The Portfolio used inflation floors to manage against anticipated interest rate changes, manage duration and as a substitute for securities purchased.
Portfolio	Description	Counterparty	Strike Index	Exercise Index	Expiration Date		Notional Amount	Premium	Value
Total Return Trust	Floor- OTC CPURNSA Index	Citibank N.A.	215.949	Maximum of ((1+0.0%)¹⁰ - (Index Final/Index Initial)) or $0	Mar 2020	USD	7,500,000	$63,460	($13,079)
	Floor- OTC CPURNSA Index	Deutsche Bank AG	215.949	Maximum of ((1+0.0%)¹⁰ - (Index Final/Index Initial)) or $0	Mar 2020	USD	2,600,000	19,500	(4,253)
	Floor- OTC CPURNSA Index	Citibank N.A.	216.687	Maximum of ((1+0.0%)¹⁰ - (Index Final/Index Initial)) or $0	Apr 2020	USD	17,900,000	159,640	(32,028)
	Floor- OTC CPURNSA Index	Citibank N.A.	217.965	Maximum of ((1+0.0%)¹⁰ - (Index Final/Index Initial)) or $0	Sep 2020	USD	6,900,000	89,010	(13,066)
	Floor- OTC CPURNSA Index	Deutsche Bank AG	218.011	Maximum of ((1+0.0%)¹⁰ - (Index Final/Index Initial)) or $0	Oct 2020	USD	7,100,000	69,580	(13,164)
							42,000,000	$401,190	($75,590)

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.
Portfolio	Counterparty	Notional Amount	Currency	USD Notional Amount	Payments Made By Portfolio	Payments Received By Portfolio	Maturity Date	Unamortized Upfront Payment Paid (Received)	Unrealized Appreciation (Depreciation)	Market Value
Global Bond Trust
	Citibank N.A.	200,000	AUD	$211,630	AUD-BBR-BBSW	Fixed 5.000%	Jun 2022	($743)	$18,536	$17,793
	Deutsche Bank AG	2,100,000	AUD	2,222,114	AUD-BBR-BBSW	Fixed 5.000%	Jun 2022	(7,015)	193,844	186,829
	Morgan Stanley	600,000	MXN	49,384	MXN-TIIE-Banxico	Fixed 6.59%	Dec 2015	(361)	2,889	2,528
Exchange Cleared Swaps
		8,800,000	EUR	11,719,395	EUR-EURIBOR-Reuters	Fixed .75%	Mar 2015	938	18,633	19,571
		72,300,000	GBP	115,553,380	GBP-LIBOR-BBA	Fixed 1.00%	Jun 2015	127,075	260,608	387,683
		5,820,000,000	JPY	61,616,830	JPY-LIBOR-BBA	Fixed 1.00%	Sep 2023	1,788,640	(60,733)	1,727,907
		72,900,000	USD	72,900,000	Fixed 1.70%	3 Month Libor	Mar 2018	(871,733)	(1,836,267)	(2,708,000)
		16,300,000	USD	16,300,000	Fixed 1.40%	3 Month Libor	Mar 2018	(93,130)	(271,986)	(365,116)
		9,700,000	AUD	10,095,764	AUD-BBR-BBSW	Fixed 3.75%	Dec 2018	(92,062)	102,979	10,917
		2,700,000	CAD	2,623,779	Fixed 2.30%	CAD-BA-CDOR	Jun 2023	44,880	(31,282)	13,598
		3,080,000,000	JPY	32,612,719	JPY-LIBOR-BBA	Fixed 1.50%	Jun 2033	43,414	(74,628)	(31,214)
				$325,904,995				$939,903	($1,677,407)	($737,504)

Investment Quality Bond Trust
The Portfolio used interest rate swaps to manage against anticipated interest rate changes.
Portfolio	Counterparty	Notional Amount	Currency	USD Notional Amount	Payments Made by Fund	Payments Received by Fund	Maturity Date	Unamortized Upfront Payment Paid (Received)	Unrealized Appreciation Depreciation	Market Value
Investment Quality Bond Trust
	JPMorgan Chase	5,100,000	USD	$5,100,000	Fixed 4.318%	3-Month LIBOR	Dec 2028	-	($1,246,048)	($1,246,048)
	JPMorgan Chase	2,100,000	USD	2,100,000	Fixed 3.425%	3-Month LIBOR	Jun 2039	-	(213,753)	(213,753)
				$7,200,000				-	($1,459,801)	($1,459,801)


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.
Portfolio	Counterparty	Notional Amount	Currency	USD Notional Amount	Payments Made by Fund	Payments Received by Fund	Maturity Date	Unamortized Upfront Payment Paid (Received)	Unrealized Appreciation (Depreciation)	Market Value
Real Return Bond Trust
	Deutsche Bank AG	1,462,729	BRL	$918,836	CDI	Fixed 8.485%	Jan 2015	($412)	$1,838	$1,426
	Goldman Sachs	3,685,750	BRL	2,289,488	CDI	Fixed 8.15%	Jan 2015	(11,457)	5,943	(5,514)
	Goldman Sachs	1,225,550	BRL	755,287	CDI	Fixed 8.255%	Jan 2015	1,893	795	2,688
	HSBC Bank USA	1,289,880	BRL	785,006	CDI	Fixed 8.825%	Jan 2015	9,323	2,779	12,102
	Morgan Stanley	5,332,026	BRL	3,919,319	CDI	Fixed 8.22%	Jan 2017	(435)	(87,492)	(87,927)
	Morgan Stanley	81,674	BRL	51,123	CDI	Fixed 8.27%	Jan 2015	(163)	102	(61)
	UBS AG	2,544,920	BRL	1,879,473	CDI	Fixed 8.15%	Jan 2017	-	(45,515)	(45,515)
	UBS AG	2,595,833	BRL	1,612,091	CDI	Fixed 8.56%	Jan 2015	2,414	1,680	4,094
Exchange Cleared Swaps
		3,700,000	USD	$3,700,000	Fixed 2.75%	3 Month LIBOR	Jun 2043	221,428	(1,367)	220,061
				$15,910,623				$222,591	($121,237)	$101,354

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.
Portfolio	Counterparty	Notional Amount	Currency	USD Notional Amount	Payments Made by Fund	Payments Received by Fund	Maturity Date	Unamortized Upfront Payment Paid (Received)	Unrealized Appreciation (Depreciation)	Market Value
Total Return Trust
	Bank of America N.A.	300,000	MXN	$23,228	MXN-TIIE-Banxico	Fixed 5.50%	Sep 2022	($416)	$428	$12
	Barclays Bank PLC	341,700,000	MXN	25,180,510	MXN-TIIE-Banxico	Fixed 5.600%	Sep 2016	113,680	671,118	784,798
	Barclays Bank PLC	87,000,000	MXN	6,291,655	MXN-TIIE-Banxico	Fixed 5.500%	Sep 2017	(42,904)	231,391	188,487
	Barclays Bank PLC	1,800,000	MXN	139,367	MXN-TIIE-Banxico	Fixed 5.00%	Sep 2017	(942)	1,831	889
	Citibank N.A.	7,800,000	MXN	611,285	MXN-TIIE-Banxico	Fixed 4.75%	Feb 2018	(6,155)	1,554	(4,601)
	HSBC Bank USA	248,800,000	MXN	19,069,343	MXN-TIIE-Banxico	Fixed 5.600%	Sep 2016	66,158	505,272	571,430
	HSBC Bank USA	40,000,000	MXN	2,868,671	MXN-TIIE-Banxico	Fixed 5.500%	Sep 2017	(14,565)	101,226	86,661
	HSBC Bank USA	5,200,000	MXN	403,791	MXN-TIIE-Banxico	Fixed 5.00%	Sep 2017	(2,994)	5,562	2,568
	HSBC Bank USA	11,800,000	MXN	921,594	MXN-TIIE-Banxico	Fixed 5.50%	Sep 2022	(21,331)	21,791	460
	Morgan Stanley	13,600,000	MXN	1,105,893	MXN-TIIE-Banxico	Fixed 5.600%	Sep 2016	1,900	29,336	31,236
	Morgan Stanley	11,100,000	MXN	906,274	MXN-TIIE-Banxico	Fixed 6.350%	Jun 2021	2,222	56,872	59,094
	Morgan Stanley	50,000,000	MXN	3,608,427	MXN-TIIE-Banxico	Fixed 5.500%	Sep 2017	(19,301)	127,627	108,326
	Morgan Stanley	22,000,000	MXN	1,706,913	MXN-TIIE-Banxico	Fixed 5.50%	Sep 2022	(50,557)	51,416	859
Exchange Cleared Swaps
		87,400,000	USD	87,400,000	Fixed 4.250%	3 Month LIBOR	Jun 2041	(22,204,154)	(1,387,942)	(23,592,096)
		376,400,000	USD	376,400,000	3 month Libor	Fixed 1.5%	Mar 2016	2,902,377	(115,135)	2,787,242
		177,600,000	USD	177,600,000	Fixed 2.75%	3 month Libor	Jun 2043	12,730,928	(2,167,990)	10,562,938
		122,100,000	USD	122,100,000	Fed Fund Rate	Fixed 1.00%	Oct 2017	(143,913)	80,665	(63,248)
				$826,336,951				($6,689,967)	($1,784,978)	($8,474,945)

The following are abbreviations for the tables above:
BBR	Bank Bill Rate
BBSW	Bank Bill Swap Rate
CDI	Brazil Interbank Deposit Rate
EURIBOR	Euro Interbank Offered Rate
LIBOR	London Interbank Offered Rate
TIIE	Tasa de Intere's Interbancaria de Equilibrio (Interbank Equilibrium Interest Rate)

Portfolio	Counterparty	Receive	Pay	Maturity Date *	Notional Amount of Currency Received		Notional Amount of Currency Delivered	Unamortized Upfront Payment Paid (Received)	Unrealized Appreciation (Depreciation)	Market Value
Global Bond Trust
	BNP Paribas	Floating rate equal to 3 Month USD-LIBOR based on the notional amount of currency delivered	Floating rate equal to 3 Month JPY-LIBOR less 0.7550% based on the notional amount of the currency received	May 2014	$9,800,000	JPY	$784,000,000	-	$1,448,400	$1,448,400
	Deutsche Bank AG	Floating rate equal to 3 Month USD-LIBOR based on the notional amount of currency delivered	Floating rate equal to 3 Month JPY-LIBOR less 0.6225% based on the notional amount of the currency received	Jul 2014	37,926,675	JPY	$3,000,000,000	-	5,923,380	5,923,380
								-	$7,371,780	$7,371,780
* At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered.

Core Allocation Plus Trust
The Portfolio used credit default swaps to manage against potential credit events.
Portfolio	Counterparty	Reference Obligation	Notional Amount	Currency	USD Notional Amount	(Pay)/Receive Fixed Rate	Maturity Date	Unamortized Upfront Payment Paid (Received)	Unrealized Appreciation (Depreciation)	Market Value
Core Allocation Plus Trust
	Goldman Sachs	Everest Reinsurance Holdings, Inc.	50,000	USD	$50,000	(1.750)%	Dec 2013	-	($486)	($486)
	Goldman Sachs	Macy's, Inc.	205,000	USD	205,000	(1.000)%	Mar 2017	$774	(2,707)	(1,933)
	Goldman Sachs	ITRAXX-XOVERS19V1-5Y	70,000	EUR	89,730	(5.000)%	Jun 2018	(380)	(265)	(645)
	Goldman Sachs	ITRAXX-EUROPES19V1-10Y	975,000	EUR	1,257,409	(1.000)%	Jun 2023	64,187	6,715	70,902
	Goldman Sachs	ABX.HE.AAA.06-1	53,510	USD	53,510	(0.180)%	Jul 2045	4,352	(3,291)	1,061
	Goldman Sachs	ABX.HE.PENAAA.06-2	59,894	USD	59,894	(0.110)%	May 2046	15,633	(4,585)	11,048
	Goldman Sachs	CMBX.NA.AA.2	100,000	USD	100,000	(0.150)%	Mar 2049	38,058	(132)	37,926
	Goldman Sachs	CMBX.NA.AM.2	100,000	USD	100,000	(0.500)%	Mar 2049	5,727	(737)	4,990
	Goldman Sachs	CMBX.NA.AM.3	90,000	USD	90,000	(0.500)%	Dec 2049	8,943	(201)	8,742
	Goldman Sachs	CMBX.NA.AM.4	155,000	USD	155,000	(0.500)%	Feb 2051	24,016	(7,479)	16,537
	Goldman Sachs	CMBX.NA.A.1	30,000	USD	30,000	(0.350)%	Oct 2052	13,311	(772)	12,539
	Goldman Sachs	CMBX.NA.AA.1	35,000	USD	35,000	(0.250)%	Oct 2052	7,317	290	7,607
	JPMorgan Chase Bank	CDX-NAHYS19V1-5Y USD BP	685,000	USD	685,000	(5.000)%	Dec 2017	(7,633)	(22,368)	(30,001)
	JPMorgan Chase Bank	ABX.HE.PENAAA.07-1	133,888	USD	133,888	(0.090)%	Aug 2037	55,119	(6,931)	48,188
	JPMorgan Chase Bank	ABX.HE.AAA.06-1	214,039	USD	214,039	(0.180)%	Jul 2045	12,172	(7,929)	4,243
	JPMorgan Chase Bank	ABX.HE.PENAAA.06-2	21,391	USD	21,391	(0.110)%	May 2046	4,942	(996)	3,946
	JPMorgan Chase Bank	CMBX.NA.AM.2	100,000	USD	100,000	(0.500)%	Mar 2049	6,102	(1,112)	4,990
	JPMorgan Chase Bank	CMBX.NA.AJ.4	15,000	USD	15,000	(0.960)%	Feb 2051	4,975	(459)	4,516
	JPMorgan Chase Bank	CMBX.NA.A.1	70,000	USD	70,000	(0.350)%	Oct 2052	31,659	(2,401)	29,258
	Morgan Stanley	ABX.HE.AAA.06-1	407,693	USD	407,693	(0.180)%	Jul 2045	19,835	(11,754)	8,081
	Morgan Stanley	ABX.HE.PENAAA.06-2	141,180	USD	141,180	(0.110)%	May 2046	30,932	(4,890)	26,042
	Morgan Stanley	CMBX.NA.AJ.4	95,000	USD	95,000	(0.960)%	Feb 2051	36,499	(7,898)	28,601
	Morgan Stanley	CMBX.NA.AM.4	10,000	USD	10,000	(0.500)%	Feb 2051	2,478	(1,411)	1,067
	Morgan Stanley	CMBX.NA.AA.1	260,000	USD	260,000	(0.250)%	Oct 2052	57,481	(967)	56,514
	Morgan Stanley	CMBX.NA.AJ.1	50,000	USD	50,000	(0.840)%	Oct 2052	3,499	138	3,637
					$4,428,733			$439,998	($82,628)	$357,370
Global Bond Trust
The Portfolio used credit default swaps to manage against potential credit events.
Portfolio	Counterparty	Reference Obligation	Notional Amount	Currency	USD Notional Amount	(Pay)/Receive Fixed Rate	Maturity Date	Unamortized Upfront Payment Paid (Received)	Unrealized Appreciation (Depreciation)	Market Value
Global Bond Trust
	Bank of America N.A.	CNA Financial Corp.	4,000,000	USD	4,000,000	(0.940)%	Dec 2014	-	($39,865)	($39,865)
	Bank of America N.A.	Computer Sciences Corp.	2,050,000	USD	2,050,000	(0.970)%	Mar 2018	-	62,002	62,002
	Bank of America N.A.	Spectra Energy Capital, LLC	3,000,000	USD	$3,000,000	(1.180)%	Jun 2018	-	1,859	1,859
	Bank of America N.A.	Starwood Hotels & Resorts Worldwide, Inc.	3,000,000	USD	3,000,000	(1.490)%	Jun 2018	-	(53,510)	(53,510)
	BNP Paribas	Vivendi	1,300,000	USD	1,300,000	(1.780)%	Jun 2013	-	(5,657)	(5,657)
	Citibank N.A.	Pearson PLC	3,000,000	USD	3,000,000	(0.570)%	Jun 2013	-	(3,972)	(3,972)
	Deutsche Bank AG	Tate & Lyle Public, Ltd. Company	400,000	USD	400,000	(0.510)%	Dec 2014	-	(1,939)	(1,939)
	Deutsche Bank AG	Marsh & Mclennan Companies, Inc.	1,100,000	USD	1,100,000	(0.800)%	Sep 2015	-	(14,768)	(14,768)
	Deutsche Bank AG	Spectra Energy Capital, LLC	1,000,000	USD	1,000,000	(1.200)%	Jun 2018	-	(394)	(394)
	JPMorgan Chase Bank	Loews Corp.	400,000	USD	400,000	(0.330)%	Mar 2016	-	(1,255)	(1,255)
	Morgan Stanley Capital Services, Inc.	Simon Property Group, L.P.	2,250,000	USD	2,250,000	(0.885)%	Jun 2018	-	(17,649)	(17,649)
	Morgan Stanley Capital Services, Inc.	Spectra Energy Capital, LLC	1,000,000	USD	1,000,000	(1.150)%	Jun 2018	-	2,140	2,140
	The Royal Bank of Scotland PLC	The Cleveland Electric Illuminating Company	3,000,000	USD	3,000,000	(0.940)%	Jun 2017	-	13,730	13,730
					$25,500,000			-	($59,278)	($59,278)

High Yield Trust
The Portfolio used credit default swaps to manage against potential credit events.
Portfolio	Counterparty	Reference Obligation	Notional Amount	Currency	USD Notional Amount	(Pay)/Receive Fixed Rate	Maturity Date	Unamortized Upfront Payment Paid (Received)	Unrealized Appreciation (Depreciation)	Market Value
High Yield Trust
	BNP Paribas	MARKIT CDX.NA.HY.18	5,445,000	USD	$5,445,000	(5.000)%	Jun 2017	$95,212	($386,985)	($291,773)
	BNP Paribas	MARKIT CDX.NA.HY.19	11,000,000	USD	11,000,000	(5.000)%	Dec 2017	(280,090)	(199,205)	(479,295)
	Morgan Stanley Capital Services, Inc.	MARKIT CDX.NA.HY.17	4,032,000	USD	4,032,000	(5.000)%	Dec 2016	91,951	(333,265)	(241,314)
					$20,477,000			($92,927)	($919,455)	($1,012,382)

Investment Quality Bond Trust
The Portfolio used credit default swaps to manage against potential credit events.
Portfolio	Counterparty	Reference Obligation	Notional Amount	Currency	USD Notional Amount	(Pay)/Receive Fixed Rate	Maturity Date	Unamortized Upfront Payment Paid (Received)	Unrealized Appreciation (Depreciation)	Market Value
Investment Quality Bond Trust
	Goldman Sachs	Macy's, Inc.	1,095,000	USD	$1,095,000	(1.000)%	Mar 2017	$4,132	($14,457)	($10,325)
	Goldman Sachs	ITRAXX-XOVERS19V1-5Y	490,000	EUR	628,107	(5.000)%	Jun 2018	(2,658)	(1,848)	(4,506)
	Goldman Sachs	ITRAXX-EUROPES19V1-10Y	6,920,000	EUR	8,924,380	(1.000)%	Jun 2023	455,567	47,666	503,233
	Goldman Sachs	ABX.HE.AAA.06-1	1,788,753	USD	1,788,752	(0.180)%	Jul 2045	153,665	(118,208)	35,457
	Goldman Sachs	ABX.HE.PENAAA.06-2	1,033,178	USD	1,033,178	(0.110)%	May 2046	239,821	(49,243)	190,578
	Goldman Sachs	CMBX.NA.AA.2	740,000	USD	740,000	(0.150)%	Mar 2049	281,628	(978)	280,650
	Goldman Sachs	CMBX.NA.AM.2	740,000	USD	740,000	(0.500)%	Mar 2049	42,383	(5,455)	36,928
	Goldman Sachs	CMBX.NA.AM.3	700,000	USD	700,000	(0.500)%	Dec 2049	69,557	(1,562)	67,995
	Goldman Sachs	CMBX.NA.AM.4	830,000	USD	830,000	(0.500)%	Feb 2051	128,600	(40,049)	88,551
	Goldman Sachs	CMBX.NA.A.1	235,000	USD	235,000	(0.350)%	Oct 2052	104,267	(6,045)	98,222
	Goldman Sachs	CMBX.NA.AA.1	620,000	USD	620,000	(0.250)%	Oct 2052	130,852	3,912	134,764
	JPMorgan Chase Bank	CDX-NAHYS19V1-5Y	4,680,000	USD	4,680,000	(5.000)%	Dec 2017	(52,154)	(152,877)	(205,031)
	JPMorgan Chase Bank	ABX.HE.PENAAA.07-1	950,602	USD	950,602	(0.090)%	Aug 2037	404,359	(62,224)	342,135
	JPMorgan Chase Bank	ABX.HE.AAA.06-1	397,501	USD	397,501	(0.180)%	Jul 2045	22,605	(14,726)	7,879
	JPMorgan Chase Bank	ABX.HE.PENAAA.06-2	474,877	USD	474,877	(0.110)%	May 2046	121,937	(34,342)	87,595
	JPMorgan Chase Bank	CMBX.NA.AM.2	740,000	USD	740,000	(0.500)%	Mar 2049	45,153	(8,225)	36,928
	JPMorgan Chase Bank	CMBX.NA.A.1	505,000	USD	505,000	(0.350)%	Oct 2052	228,396	(17,322)	211,074
	JPMorgan Chase Bank	CMBX.NA.AA.1	1,440,000	USD	1,440,000	(0.250)%	Oct 2052	311,125	1,876	313,001
	Morgan Stanley	ABX.HE.AAA.06-1	2,657,649	USD	2,657,649	(0.180)%	Jul 2045	143,705	(91,025)	52,680
	Morgan Stanley	CMBX.NA.AM.4	405,000	USD	405,000	(0.500)%	Feb 2051	100,356	(57,147)	43,209
	Morgan Stanley	CMBX.NA.AJ.4	460,000	USD	460,000	(0.960)%	Feb 2051	176,730	(38,241)	138,489
	Morgan Stanley	CMBX.NA.AA.1	1,240,000	USD	1,240,000	(0.250)%	Oct 2052	269,624	(96)	269,528
	Morgan Stanley	CMBX.NA.AJ.1	370,000	USD	370,000	(0.840)%	Oct 2052	25,891	1,022	26,913
	UBS AG	Everest Reinsurance Holdings, Inc.	1,450,000	USD	1,450,000	(1.800)%	Dec 2013	-	(14,649)	(14,649)
					$33,105,046			$3,405,541	($674,243)	$2,731,298

Real Return Bond Trust
The Portfolio used credit default swaps to manage against potential credit events.
Portfolio	Counterparty	Reference Obligation	Notional Amount	Currency	USD Notional Amount	(Pay)/Receive Fixed Rate	Maturity Date	Unamortized Upfront Payment Paid (Received)	Unrealized Appreciation (Depreciation)	Market Value
Real Return Bond Trust
	Barclays Bank PLC	Rexam PLC	1,000,000	USD	$1,000,000	(1.450)%	Jun 2013	-	($3,639)	($3,639)
	Barclays Bank PLC	Everest Reinsurance Holdings, Inc.	1,000,000	USD	1,000,000	(0.535)%	Dec 2014	-	725	725
					$2,000,000			-	($2,914)	($2,914)

Total Return Trust
The Portfolio used credit default swaps to manage against potential credit events.
Portfolio	Counterparty	Reference Obligation	Notional Amount	Currency	USD Notional Amount	(Pay)/Receive Fixed Rate	Maturity Date	Unamortized Upfront Payment Paid (Received)	Unrealized Appreciation (Depreciation)	Market Value
Total Return Trust
Exchange Cleared Swaps
		iTraxx Europe Series 18 Version 1	6,400,000	EUR	$8,143,711	(1.000)%	Dec 2017	$43,753	$14,786	$58,539
					$8,143,711			$43,753	$14,786	$58,539

Portfolio	Issuer, Description	Original Acquisition date	Acquisition cost	Beginning share amount	Ending share amount	Value as a percentage of Portfolio's net assets	Value as of 3-31-13
Financial Services Trust	SKBHC Holdings LLC	11/8/2010	$2,158,879	432	432	1.5%	$2,388,605
Health Sciences Trust	Castlight Health, Inc., Series D	4/26/2012	$168,800	27,963	27,963	0.1%	$168,800
	Ultragenyx Pharmaceutical, Inc.	12/19/2012	$122,507	44,236	44,236	0.1%	$122,507
Science & Technology Trust	Coupon.com	6/1/2011	$471,099	85,758	85,758	0.1%	$235,552
	Dropbox, Inc.	5/2/2012	$67,334	7,441	7,441	0.0%*	$67,334
	Dropbox, Inc., Series A	5/2/2012	$83,623	9,241	9,241	0.0%*	$83,623
	Dropbox, Inc., Series A1	5/2/2012	$410,766	89,006	89,006	0.2%	$805,424
	Twitter, Inc., Series E	9/24/2009	$333,049	125,031	125,031	0.6%	$2,048,008
* Less than 0.05%

Portfolio	Affiliate	Beginning share amount	Ending share amount	Realized gain (loss)	Dividend Income	Value as of 3-31-13
Fundamental All Cap Core Trust	AMN Healthcare Services, Inc., common stock
	Purchased: 5,605 Sold: 387,663	2,791,756	2,409,698	$2,999,144	-	$38,145,519
	Blue Nile, Inc., common stock
	Purchased: 350,590 Sold: none	298,455	649,045	-	-	$22,359,600