N-Q 1 d314738.htm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number: 811-04146

 

JOHN HANCOCK VARIABLE INSURANCE TRUST

 

(Exact name of registrant as specified in charter)

 

601 CONGRESS STREET, BOSTON, MA 02210

 

(Address of principal executive offices) (Zip code)

 

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: September 30, 2016

 

 

Item 1. Schedule of Investments.

 

 

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

500 Index Trust B

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS - 96.4%          
Consumer discretionary - 12.1%          
Auto components - 0.4%          
BorgWarner, Inc.   39,210   $1,379,398 
Delphi Automotive PLC   55,165    3,934,368 
Johnson Controls International PLC   190,805    8,878,157 
The Goodyear Tire & Rubber Company   53,486    1,727,598 
         15,919,521 
Automobiles - 0.5%          
Ford Motor Company   785,134    9,476,567 
General Motors Company   287,272    9,126,631 
Harley-Davidson, Inc. (L)   36,442    1,916,485 
         20,519,683 
Distributors - 0.1%          
Genuine Parts Company   30,123    3,025,855 
LKQ Corp. (I)   61,727    2,188,839 
         5,214,694 
Diversified consumer services - 0.0%          
H&R Block, Inc.   45,653    1,056,867 
Hotels, restaurants and leisure - 1.6%          
Carnival Corp.   88,239    4,307,828 
Chipotle Mexican Grill, Inc. (I)   5,874    2,487,639 
Darden Restaurants, Inc.   25,528    1,565,377 
Marriott International, Inc., Class A   63,339    4,264,628 
McDonald’s Corp.   172,409    19,889,102 
Royal Caribbean Cruises, Ltd.   33,785    2,532,186 
Starbucks Corp.   294,802    15,960,580 
Wyndham Worldwide Corp.   22,525    1,516,608 
Wynn Resorts, Ltd.   16,386    1,596,324 
Yum! Brands, Inc.   74,832    6,795,494 
         60,915,766 
Household durables - 0.5%          
DR Horton, Inc.   66,611    2,011,652 
Garmin, Ltd.   23,917    1,150,647 
Harman International Industries, Inc.   14,192    1,198,514 
Leggett & Platt, Inc.   27,086    1,234,580 
Lennar Corp., Class A   36,965    1,565,098 
Mohawk Industries, Inc. (I)   12,832    2,570,763 
Newell Brands, Inc.   97,392    5,128,663 
PulteGroup, Inc.   62,909    1,260,696 
Whirlpool Corp.   15,314    2,483,318 
         18,603,931 
Internet and direct marketing retail - 2.4%          
Amazon.com, Inc. (I)   79,445    66,520,093 
Expedia, Inc.   24,930    2,909,830 
Netflix, Inc. (I)   86,190    8,494,025 
The Priceline Group, Inc. (I)   9,990    14,700,185 
TripAdvisor, Inc. (I)   23,003    1,453,330 
         94,077,463 
Leisure products - 0.1%          
Hasbro, Inc.   22,601    1,792,937 
Mattel, Inc.   68,183    2,064,581 
         3,857,518 
Media - 2.8%          
CBS Corp., Class B   83,564    4,574,293 
Charter Communications, Inc., Class A (I)   43,530    11,751,794 
Comcast Corp., Class A   484,286    32,127,533 
Discovery Communications, Inc., Series A (I)   30,203    813,065 
Discovery Communications, Inc., Series C (I)   48,110    1,265,774 
News Corp., Class A   76,949    1,075,747 

 

500 Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Media (continued)          
News Corp., Class B   21,325   $303,242 
Omnicom Group, Inc.   47,850    4,067,250 
Scripps Networks Interactive, Inc., Class A   19,114    1,213,548 
TEGNA, Inc.   43,794    957,337 
The Interpublic Group of Companies, Inc.   80,983    1,809,970 
The Walt Disney Company   298,748    27,741,739 
Time Warner, Inc.   156,307    12,443,600 
Twenty-First Century Fox, Inc., Class A   214,238    5,188,844 
Twenty-First Century Fox, Inc., Class B   98,812    2,444,609 
Viacom, Inc., Class B   69,740    2,657,094 
         110,435,439 
Multiline retail - 0.5%          
Dollar General Corp.   52,305    3,660,827 
Dollar Tree, Inc. (I)   47,402    3,741,440 
Kohl’s Corp.   36,900    1,614,375 
Macy’s, Inc.   62,033    2,298,323 
Nordstrom, Inc. (L)   23,065    1,196,612 
Target Corp.   116,024    7,968,528 
         20,480,105 
Specialty retail - 2.4%          
Advance Auto Parts, Inc.   14,797    2,206,529 
AutoNation, Inc. (I)   14,661    714,137 
AutoZone, Inc. (I)   5,807    4,461,750 
Bed Bath & Beyond, Inc.   31,032    1,337,790 
Best Buy Company, Inc.   56,716    2,165,417 
CarMax, Inc. (I)   38,983    2,079,743 
Foot Locker, Inc.   27,358    1,852,684 
L Brands, Inc.   48,286    3,417,200 
Lowe’s Companies, Inc.   176,108    12,716,759 
O’Reilly Automotive, Inc. (I)   19,412    5,437,495 
Ross Stores, Inc.   80,836    5,197,755 
Signet Jewelers, Ltd.   15,792    1,176,978 
Staples, Inc.   130,011    1,111,594 
The Gap, Inc.   45,717    1,016,746 
The Home Depot, Inc.   249,172    32,063,453 
The TJX Companies, Inc.   133,024    9,947,535 
Tiffany & Company (L)   22,165    1,609,844 
Tractor Supply Company   26,850    1,808,348 
Ulta Salon Cosmetics & Fragrance, Inc. (I)   11,852    2,820,539 
Urban Outfitters, Inc. (I)   17,395    600,475 
         93,742,771 
Textiles, apparel and luxury goods - 0.8%          
Coach, Inc.   55,927    2,044,691 
Hanesbrands, Inc.   75,778    1,913,395 
Michael Kors Holdings, Ltd. (I)   35,341    1,653,605 
NIKE, Inc., Class B   272,097    14,325,907 
PVH Corp.   16,311    1,802,366 
Ralph Lauren Corp.   11,639    1,177,168 
Under Armour, Inc., Class A (I)(L)   36,880    1,426,518 
Under Armour, Inc., Class C (I)   37,031    1,253,870 
VF Corp.   66,884    3,748,848 
         29,346,368 
         474,170,126 
Consumer staples - 9.5%          
Beverages - 2.1%          
Brown-Forman Corp., Class B   37,186    1,764,104 
Constellation Brands, Inc., Class A   35,505    5,911,227 
Dr. Pepper Snapple Group, Inc.   37,403    3,415,268 
Molson Coors Brewing Company, Class B   37,064    4,069,627 
Monster Beverage Corp. (I)   27,293    4,006,885 

 

The accompanying notes are an integral part of the financial statements.  
1

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

500 Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Beverages (continued)          
PepsiCo, Inc.   290,679   $31,617,155 
The Coca-Cola Company   783,550    33,159,836 
         83,944,102 
Food and staples retailing - 2.1%          
Costco Wholesale Corp.   88,157    13,444,824 
CVS Health Corp.   214,471    19,085,774 
Sysco Corp.   102,487    5,022,888 
The Kroger Company   191,905    5,695,740 
Wal-Mart Stores, Inc.   305,241    22,013,981 
Walgreens Boots Alliance, Inc.   172,066    13,871,961 
Whole Foods Market, Inc.   64,748    1,835,606 
         80,970,774 
Food products - 1.7%          
Archer-Daniels-Midland Company   118,222    4,985,422 
Campbell Soup Company   39,374    2,153,758 
ConAgra Foods, Inc.   84,271    3,970,007 
General Mills, Inc.   119,626    7,641,709 
Hormel Foods Corp.   54,378    2,062,558 
Kellogg Company   50,725    3,929,666 
McCormick & Company, Inc., Non-          
Voting Shares   23,205    2,318,644 
Mead Johnson Nutrition Company   37,553    2,967,063 
Mondelez International, Inc., Class A   315,828    13,864,849 
The Hershey Company   28,187    2,694,677 
The J.M. Smucker Company   24,084    3,264,345 
The Kraft Heinz Company   119,915    10,733,592 
Tyson Foods, Inc., Class A   60,487    4,516,564 
         65,102,854 
Household products - 1.9%          
Church & Dwight Company, Inc.   51,656    2,475,356 
Colgate-Palmolive Company   179,709    13,323,625 
Kimberly-Clark Corp.   72,496    9,144,645 
The Clorox Company   26,031    3,258,561 
The Procter & Gamble Company   539,218    48,394,816 
         76,597,003 
Personal products - 0.1%          
Coty, Inc., Class A (I)   15,059    353,887 
The Estee Lauder Companies, Inc., Class A   44,787    3,966,337 
         4,320,224 
Tobacco - 1.6%          
Altria Group, Inc.   393,726    24,895,295 
Philip Morris International, Inc.   313,673    30,495,289 
Reynolds American, Inc.   166,599    7,855,143 
         63,245,727 
         374,180,684 
Energy - 7.0%          
Energy equipment and services - 1.0%          
Baker Hughes, Inc.   84,991    4,289,496 
FMC Technologies, Inc. (I)   46,079    1,367,164 
Halliburton Company   172,859    7,757,912 
Helmerich & Payne, Inc. (L)   21,703    1,460,612 
National Oilwell Varco, Inc.   75,802    2,784,965 
Schlumberger, Ltd.   281,532    22,139,676 
Transocean, Ltd. (I)(L)   68,893    734,399 
         40,534,224 
Oil, gas and consumable fuels - 6.0%          
Anadarko Petroleum Corp.   102,712    6,507,832 
Apache Corp.   76,185    4,865,936 

 

500 Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Oil, gas and consumable fuels (continued)          
Cabot Oil & Gas Corp.   93,577   $2,414,287 
Chesapeake Energy Corp. (I)(L)   138,301    867,147 
Chevron Corp.   381,304    39,243,808 
Cimarex Energy Company   19,085    2,564,451 
Concho Resources, Inc. (I)   28,798    3,955,405 
ConocoPhillips   249,219    10,833,550 
Devon Energy Corp.   105,441    4,651,003 
EOG Resources, Inc.   110,747    10,710,342 
EQT Corp.   34,763    2,524,489 
Exxon Mobil Corp.   837,783    73,121,700 
Hess Corp.   56,213    3,014,141 
Kinder Morgan, Inc.   387,501    8,962,898 
Marathon Oil Corp.   170,535    2,696,158 
Marathon Petroleum Corp.   106,604    4,327,056 
Murphy Oil Corp.   32,284    981,434 
Newfield Exploration Company (I)   39,593    1,720,712 
Noble Energy, Inc.   86,247    3,082,468 
Occidental Petroleum Corp.   153,704    11,208,096 
ONEOK, Inc.   42,292    2,173,386 
Phillips 66   89,732    7,227,913 
Pioneer Natural Resources Company   34,324    6,372,251 
Range Resources Corp.   38,090    1,475,988 
Southwestern Energy Company (I)   99,715    1,380,056 
Spectra Energy Corp.   141,916    6,066,909 
Tesoro Corp.   24,139    1,920,499 
The Williams Companies, Inc.   137,426    4,223,101 
Valero Energy Corp.   91,819    4,866,407 
         233,959,423 
         274,493,647 
Financials - 12.3%          
Banks - 5.2%          
Bank of America Corp.   2,057,533    32,200,391 
BB&T Corp.   165,190    6,230,967 
Citigroup, Inc.   586,242    27,688,210 
Citizens Financial Group, Inc.   106,429    2,629,861 
Comerica, Inc.   35,227    1,666,942 
Fifth Third Bancorp   155,345    3,178,359 
Huntington Bancshares, Inc.   216,494    2,134,631 
JPMorgan Chase & Co.   729,257    48,561,224 
KeyCorp   216,188    2,631,008 
M&T Bank Corp.   32,000    3,715,200 
People’s United Financial, Inc.   62,647    991,076 
Regions Financial Corp.   253,229    2,499,370 
SunTrust Banks, Inc.   100,841    4,416,836 
The PNC Financial Services Group, Inc.   98,825    8,903,144 
U.S. Bancorp   326,588    14,007,359 
Wells Fargo & Company   916,875    40,599,225 
Zions Bancorporation   41,139    1,276,132 
         203,329,935 
Capital markets - 2.4%          
Affiliated Managers Group, Inc. (I)   10,825    1,566,378 
Ameriprise Financial, Inc.   31,873    3,179,969 
BlackRock, Inc.   24,760    8,974,510 
CME Group, Inc.   68,176    7,125,756 
E*TRADE Financial Corp. (I)   55,772    1,624,081 
Franklin Resources, Inc.   69,924    2,487,197 
Intercontinental Exchange, Inc.   23,960    6,453,866 
Invesco, Ltd.   83,961    2,625,460 
Legg Mason, Inc.   16,889    565,444 
Moody’s Corp.   34,015    3,683,144 
Morgan Stanley   297,162    9,527,014 

 

The accompanying notes are an integral part of the financial statements.  
2

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

500 Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Capital markets (continued)          
Nasdaq, Inc.   22,916   $1,547,747 
Northern Trust Corp.   43,186    2,936,216 
S&P Global, Inc.   53,250    6,739,320 
State Street Corp.   74,086    5,158,608 
T. Rowe Price Group, Inc.   49,967    3,322,806 
The Bank of New York Mellon Corp.   216,747    8,643,870 
The Charles Schwab Corp.   242,045    7,641,361 
The Goldman Sachs Group, Inc.   76,162    12,282,646 
         96,085,393 
Consumer finance - 0.7%          
American Express Company   156,657    10,032,314 
Capital One Financial Corp.   101,128    7,264,024 
Discover Financial Services   80,354    4,544,019 
Navient Corp.   65,164    942,923 
Synchrony Financial   159,843    4,475,604 
         27,258,884 
Diversified financial services - 1.4%          
Berkshire Hathaway, Inc., Class B (I)   383,467    55,399,477 
Leucadia National Corp.   67,093    1,277,451 
         56,676,928 
Insurance - 2.6%          
Aflac, Inc.   83,345    5,990,005 
American International Group, Inc.   204,814    12,153,663 
Aon PLC   53,306    5,996,392 
Arthur J. Gallagher & Company   35,611    1,811,532 
Assurant, Inc.   12,478    1,151,096 
Chubb, Ltd.   93,480    11,745,762 
Cincinnati Financial Corp.   29,822    2,249,175 
Lincoln National Corp.   48,086    2,259,080 
Loews Corp.   57,489    2,365,672 
Marsh & McLennan Companies, Inc.   104,897    7,054,323 
MetLife, Inc.   221,093    9,823,162 
Principal Financial Group, Inc.   54,254    2,794,624 
Prudential Financial, Inc.   88,953    7,263,012 
The Allstate Corp.   75,344    5,212,298 
The Hartford Financial Services Group, Inc.   79,176    3,390,316 
The Progressive Corp.   117,350    3,696,525 
The Travelers Companies, Inc.   57,544    6,591,665 
Torchmark Corp.   22,403    1,431,328 
Unum Group   47,877    1,690,537 
Willis Towers Watson PLC   26,369    3,501,012 
XL Group, Ltd.   57,247    1,925,217 
         100,096,396 
         483,447,536 
Health care - 14.1%          
Biotechnology - 2.9%          
AbbVie, Inc.   328,718    20,732,244 
Alexion Pharmaceuticals, Inc. (I)   45,079    5,523,981 
Amgen, Inc.   151,176    25,217,669 
Biogen, Inc. (I)   44,079    13,798,049 
Celgene Corp. (I)   157,276    16,440,060 
Gilead Sciences, Inc.   266,098    21,053,674 
Regeneron Pharmaceuticals, Inc. (I)   15,234    6,124,373 
Vertex Pharmaceuticals, Inc. (I)   49,771    4,340,529 
         113,230,579 
Health care equipment and supplies - 2.6%          
Abbott Laboratories   295,622    12,501,854 
Baxter International, Inc.   98,765    4,701,214 
Becton, Dickinson and Company   42,702    7,674,830 

 

500 Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Health care equipment and supplies (continued)          
Boston Scientific Corp. (I)   273,061   $6,498,852 
C.R. Bard, Inc.   14,756    3,309,476 
Danaher Corp.   122,891    9,633,425 
DENTSPLY SIRONA, Inc.   46,926    2,788,812 
Edwards Lifesciences Corp. (I)   42,614    5,137,544 
Hologic, Inc. (I)   56,092    2,178,052 
Intuitive Surgical, Inc. (I)   7,879    5,710,936 
Medtronic PLC   279,147    24,118,301 
St. Jude Medical, Inc.   57,203    4,562,511 
Stryker Corp.   63,217    7,359,091 
The Cooper Companies, Inc.   9,958    1,785,071 
Varian Medical Systems, Inc. (I)   19,220    1,912,967 
Zimmer Biomet Holdings, Inc.   40,393    5,251,898 
         105,124,834 
Health care providers and services - 2.5%          
Aetna, Inc.   70,567    8,146,960 
AmerisourceBergen Corp.   36,906    2,981,267 
Anthem, Inc.   52,910    6,630,152 
Cardinal Health, Inc.   63,581    4,940,244 
Centene Corp. (I)   34,295    2,296,393 
Cigna Corp.   51,618    6,726,858 
DaVita, Inc. (I)   32,819    2,168,351 
Express Scripts Holding Company (I)   127,329    8,980,514 
HCA Holdings, Inc. (I)   60,593    4,582,649 
Henry Schein, Inc. (I)   16,519    2,692,267 
Humana, Inc.   29,988    5,304,577 
Laboratory Corp. of America Holdings (I)   20,601    2,832,225 
McKesson Corp.   45,276    7,549,773 
Patterson Companies, Inc.   17,101    785,620 
Quest Diagnostics, Inc.   28,462    2,408,739 
UnitedHealth Group, Inc.   192,452    26,943,280 
Universal Health Services, Inc., Class B   18,061    2,225,476 
         98,195,345 
Health care technology - 0.1%          
Cerner Corp. (I)   60,544    3,738,592 
Life sciences tools and services - 0.7%          
Agilent Technologies, Inc.   65,946    3,105,397 
Illumina, Inc. (I)   29,614    5,379,679 
Mettler-Toledo International, Inc. (I)   5,342    2,242,732 
PerkinElmer, Inc.   22,077    1,238,740 
Thermo Fisher Scientific, Inc.   79,180    12,594,371 
Waters Corp. (I)   16,271    2,578,791 
         27,139,710 
Pharmaceuticals - 5.3%          
Allergan PLC (I)   80,203    18,471,553 
Bristol-Myers Squibb Company   338,616    18,258,175 
Eli Lilly & Company   195,471    15,688,502 
Endo International PLC (I)   42,287    852,083 
Johnson & Johnson   552,279    65,240,718 
Mallinckrodt PLC (I)   21,869    1,526,019 
Merck & Company, Inc.   559,436    34,914,401 
Mylan NV (I)   92,496    3,525,948 
Perrigo Company PLC   28,871    2,665,659 
Pfizer, Inc.   1,224,830    41,484,992 
Zoetis, Inc.   99,719    5,186,385 
         207,814,435 
         555,243,495 
Industrials - 9.4%          
Aerospace and defense - 2.0%          
General Dynamics Corp.   57,813    8,970,265 

 

The accompanying notes are an integral part of the financial statements.  
3

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

500 Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Aerospace and defense (continued)          
L-3 Communications Holdings, Inc.   15,536   $2,341,741 
Lockheed Martin Corp.   51,043    12,236,028 
Northrop Grumman Corp.   36,325    7,771,734 
Raytheon Company   59,776    8,137,307 
Rockwell Collins, Inc.   26,194    2,209,202 
Textron, Inc.   54,241    2,156,080 
The Boeing Company   117,140    15,432,024 
TransDigm Group, Inc. (I)   10,113    2,923,871 
United Technologies Corp.   156,610    15,911,576 
         78,089,828 
Air freight and logistics - 0.7%          
C.H. Robinson Worldwide, Inc.   28,940    2,039,112 
Expeditors International of Washington, Inc.   36,602    1,885,735 
FedEx Corp.   49,295    8,610,851 
United Parcel Service, Inc., Class B   138,932    15,193,604 
         27,729,302 
Airlines - 0.5%          
Alaska Air Group, Inc.   24,589    1,619,432 
American Airlines Group, Inc.   107,136    3,922,249 
Delta Air Lines, Inc.   151,271    5,954,027 
Southwest Airlines Company   124,600    4,845,694 
United Continental Holdings, Inc. (I)   59,280    3,110,422 
         19,451,824 
Building products - 0.1%          
Allegion PLC   19,265    1,327,551 
Fortune Brands Home & Security, Inc.   31,011    1,801,739 
Masco Corp.   66,768    2,290,810 
         5,420,100 
Commercial services and supplies - 0.3%          
Cintas Corp.   17,309    1,948,993 
Pitney Bowes, Inc.   38,573    700,486 
Republic Services, Inc.   47,770    2,409,997 
Stericycle, Inc. (I)   17,074    1,368,310 
Waste Management, Inc.   83,161    5,302,345 
         11,730,131 
Construction and engineering - 0.1%          
Fluor Corp.   28,069    1,440,501 
Jacobs Engineering Group, Inc. (I)   24,215    1,252,400 
Quanta Services, Inc. (I)   29,932    837,797 
         3,530,698 
Electrical equipment - 0.5%          
Acuity Brands, Inc.   8,837    2,338,270 
AMETEK, Inc.   47,146    2,252,636 
Eaton Corp. PLC   92,139    6,054,454 
Emerson Electric Company   129,428    7,055,120 
Rockwell Automation, Inc.   26,197    3,204,941 
         20,905,421 
Industrial conglomerates - 2.5%          
3M Company   122,060    21,510,634 
General Electric Company   1,810,028    53,613,029 
Honeywell International, Inc.   153,359    17,880,126 
Roper Technologies, Inc.   20,359    3,714,907 
         96,718,696 
Machinery - 1.4%          
Caterpillar, Inc.   117,489    10,429,499 
Cummins, Inc.   31,876    4,084,909 
Deere & Company   58,240    4,970,784 
Dover Corp.   31,187    2,296,611 

 

500 Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Machinery (continued)          
Flowserve Corp.   26,335   $1,270,400 
Fortive Corp.   60,280    3,068,252 
Illinois Tool Works, Inc.   65,091    7,800,505 
Ingersoll-Rand PLC   51,806    3,519,700 
PACCAR, Inc.   70,515    4,144,872 
Parker-Hannifin Corp.   27,095    3,401,235 
Pentair PLC   33,739    2,167,393 
Snap-on, Inc.   11,706    1,778,844 
Stanley Black & Decker, Inc.   30,207    3,714,857 
Xylem, Inc.   36,016    1,889,039 
         54,536,900 
Professional services - 0.3%          
Equifax, Inc.   23,962    3,224,806 
Nielsen Holdings PLC   68,030    3,644,367 
Robert Half International, Inc.   25,963    982,959 
The Dun & Bradstreet Corp.   7,326    1,000,878 
Verisk Analytics, Inc. (I)   31,121    2,529,515 
         11,382,525 
Road and rail - 0.8%          
CSX Corp.   192,320    5,865,760 
J.B. Hunt Transport Services, Inc.   17,884    1,451,108 
Kansas City Southern   21,729    2,027,750 
Norfolk Southern Corp.   59,511    5,776,138 
Ryder System, Inc.   10,801    712,326 
Union Pacific Corp.   167,643    16,350,222 
         32,183,304 
Trading companies and distributors - 0.2%          
Fastenal Company   58,130    2,428,671 
United Rentals, Inc. (I)   17,813    1,398,142 
W.W. Grainger, Inc.   11,350    2,551,934 
         6,378,747 
         368,057,476 
Information technology - 20.5%          
Communications equipment - 1.0%          
Cisco Systems, Inc.   1,016,891    32,255,783 
F5 Networks, Inc. (I)   13,469    1,678,776 
Harris Corp.   25,089    2,298,403 
Juniper Networks, Inc.   77,584    1,866,671 
Motorola Solutions, Inc.   33,933    2,588,409 
         40,688,042 
Electronic equipment, instruments and components - 0.4%          
Amphenol Corp., Class A   61,929    4,020,431 
Corning, Inc.   209,358    4,951,317 
FLIR Systems, Inc.   27,346    859,211 
TE Connectivity, Ltd.   71,998    4,635,231 
         14,466,190 
Internet software and services - 4.4%          
Akamai Technologies, Inc. (I)   35,335    1,872,402 
Alphabet, Inc., Class A (I)   59,537    47,871,320 
Alphabet, Inc., Class C (I)   59,649    46,364,571 
eBay, Inc. (I)   212,851    7,002,798 
Facebook, Inc., Class A (I)   468,974    60,155,295 
VeriSign, Inc. (I)(L)   19,060    1,491,254 
Yahoo!, Inc. (I)   175,871    7,580,040 
         172,337,680 
IT services - 3.6%          
Accenture PLC, Class A   125,540    15,337,222 
Alliance Data Systems Corp. (I)   11,881    2,548,831 

 

The accompanying notes are an integral part of the financial statements.  
4

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

500 Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
IT services (continued)          
Automatic Data Processing, Inc.   91,684   $8,086,529 
Cognizant Technology          
Solutions Corp., Class A (I)   121,916    5,816,612 
CSRA, Inc.   28,039    754,249 
Fidelity National Information Services, Inc.   66,299    5,107,012 
Fiserv, Inc. (I)   44,756    4,451,879 
Global Payments, Inc.   30,986    2,378,485 
IBM Corp.   175,635    27,899,620 
MasterCard, Inc., Class A   193,802    19,723,230 
Paychex, Inc.   64,519    3,733,715 
PayPal Holdings, Inc. (I)   226,700    9,287,899 
Teradata Corp. (I)   25,902    802,962 
The Western Union Company   99,486    2,071,299 
Total System Services, Inc.   34,001    1,603,147 
Visa, Inc., Class A   381,350    31,537,645 
Xerox Corp.   171,303    1,735,299 
         142,875,635 
Semiconductors and semiconductor equipment - 3.2%          
Analog Devices, Inc.   61,790    3,982,366 
Applied Materials, Inc.   219,114    6,606,287 
Broadcom, Ltd.   79,915    13,786,936 
First Solar, Inc. (I)(L)   15,415    608,738 
Intel Corp.   955,555    36,072,201 
KLA-Tencor Corp.   31,408    2,189,452 
Lam Research Corp.   32,084    3,038,676 
Linear Technology Corp.   48,054    2,849,122 
Microchip Technology, Inc.   43,169    2,682,522 
Micron Technology, Inc. (I)   209,930    3,732,555 
NVIDIA Corp.   108,124    7,408,656 
Qorvo, Inc. (I)   25,890    1,443,109 
QUALCOMM, Inc.   297,959    20,410,192 
Skyworks Solutions, Inc.   38,252    2,912,507 
Texas Instruments, Inc.   202,034    14,178,746 
Xilinx, Inc.   51,013    2,772,046 
         124,674,111 
Software - 4.2%          
Activision Blizzard, Inc.   137,819    6,105,382 
Adobe Systems, Inc. (I)   100,668    10,926,505 
Autodesk, Inc. (I)   39,474    2,855,154 
CA, Inc.   64,163    2,122,512 
Citrix Systems, Inc. (I)   31,209    2,659,631 
Electronic Arts, Inc. (I)   60,699    5,183,695 
Intuit, Inc.   49,617    5,458,366 
Microsoft Corp.   1,573,407    90,628,243 
Oracle Corp.   607,712    23,870,927 
Red Hat, Inc. (I)   36,506    2,950,780 
salesforce.com, Inc. (I)   130,162    9,284,455 
Symantec Corp.   123,196    3,092,220 
         165,137,870 
Technology hardware, storage and peripherals - 3.7%          
Apple, Inc.   1,087,862    122,982,799 
Hewlett Packard Enterprise Company   334,467    7,609,124 
HP, Inc.   344,189    5,345,255 
NetApp, Inc.   57,716    2,067,387 
Seagate Technology PLC   60,042    2,314,619 
Western Digital Corp.   56,619    3,310,513 
         143,629,697 
         803,809,225 

 

500 Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Materials - 2.8%          
Chemicals - 2.0%          
Air Products & Chemicals, Inc.   43,920   $6,602,933 
Albemarle Corp.   22,729    1,943,102 
CF Industries Holdings, Inc.   46,881    1,141,552 
E.I. du Pont de Nemours & Company   175,784    11,772,254 
Eastman Chemical Company   29,904    2,023,903 
Ecolab, Inc.   53,112    6,464,793 
FMC Corp.   26,899    1,300,298 
International Flavors & Fragrances, Inc.   16,043    2,293,668 
LyondellBasell Industries NV, Class A   68,693    5,540,777 
Monsanto Company   87,908    8,984,198 
PPG Industries, Inc.   53,540    5,533,894 
Praxair, Inc.   57,402    6,935,884 
The Dow Chemical Company   228,785    11,857,927 
The Mosaic Company   70,348    1,720,712 
The Sherwin-Williams Company   16,359    4,525,881 
         78,641,776 
Construction materials - 0.2%          
Martin Marietta Materials, Inc.   12,798    2,292,250 
Vulcan Materials Company   26,839    3,052,399 
         5,344,649 
Containers and packaging - 0.3%          
Avery Dennison Corp.   17,751    1,380,850 
Ball Corp.   35,308    2,893,491 
International Paper Company   82,759    3,970,777 
Owens-Illinois, Inc. (I)   32,734    601,978 
Sealed Air Corp.   39,826    1,824,827 
WestRock Company   50,822    2,463,851 
         13,135,774 
Metals and mining - 0.3%          
Alcoa, Inc.   264,599    2,683,034 
Freeport-McMoRan, Inc.   251,943    2,736,101 
Newmont Mining Corp.   106,752    4,194,286 
Nucor Corp.   63,995    3,164,553 
         12,777,974 
         109,900,173 
Real estate - 3.0%          
Equity real estate investment trusts - 2.9%          
American Tower Corp.   86,810    9,838,177 
Apartment Investment & Management          
Company, Class A   31,539    1,447,955 
AvalonBay Communities, Inc.   27,601    4,908,562 
Boston Properties, Inc.   30,906    4,212,179 
Crown Castle International Corp.   67,807    6,388,097 
Digital Realty Trust, Inc.   29,563    2,871,159 
Equinix, Inc.   14,435    5,200,209 
Equity Residential   73,539    4,730,764 
Essex Property Trust, Inc.   13,163    2,931,400 
Extra Space Storage, Inc.   25,211    2,002,006 
Federal Realty Investment Trust   14,275    2,197,351 
General Growth Properties, Inc.   117,295    3,237,342 
HCP, Inc.   93,994    3,567,072 
Host Hotels & Resorts, Inc.   150,280    2,339,860 
Iron Mountain, Inc.   48,119    1,805,906 
Kimco Realty Corp.   84,475    2,445,551 
Prologis, Inc.   105,740    5,661,320 
Public Storage   30,356    6,773,638 
Realty Income Corp.   51,860    3,470,990 
Simon Property Group, Inc.   63,612    13,168,320 
SL Green Realty Corp.   20,159    2,179,188 

 

The accompanying notes are an integral part of the financial statements.  
5

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

500 Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Equity real estate investment trusts (continued)          
The Macerich Company   25,391   $2,053,370 
UDR, Inc.   53,794    1,936,046 
Ventas, Inc.   71,473    5,048,138 
Vornado Realty Trust   35,703    3,613,501 
Welltower, Inc.   71,836    5,371,178 
Weyerhaeuser Company   150,388    4,803,393 
         114,202,672 
Real estate management and development - 0.1%          
CBRE Group, Inc., Class A (I)   58,663    1,641,391 
         115,844,063 
Telecommunication services - 2.5%          
Diversified telecommunication services - 2.5%          
AT&T, Inc.   1,242,564    50,460,524 
CenturyLink, Inc.   109,869    3,013,707 
Frontier Communications Corp. (L)   236,146    982,367 
Level 3 Communications, Inc. (I)   58,331    2,705,392 
Verizon Communications, Inc.   823,318    42,796,070 
         99,958,060 
Utilities - 3.2%          
Electric utilities - 2.0%          
Alliant Energy Corp.   45,629    1,748,047 
American Electric Power Company, Inc.   98,888    6,349,598 
Duke Energy Corp.   138,635    11,096,345 
Edison International   65,584    4,738,444 
Entergy Corp.   35,974    2,760,285 
Eversource Energy   63,838    3,458,743 
Exelon Corp.   185,473    6,174,396 
FirstEnergy Corp.   85,429    2,825,991 
NextEra Energy, Inc.   94,713    11,585,294 
PG&E Corp.   102,247    6,254,449 
Pinnacle West Capital Corp.   22,381    1,700,732 
PPL Corp.   136,256    4,710,370 
The Southern Company   198,614    10,188,898 
Xcel Energy, Inc.   102,251    4,206,606 
         77,798,198 
Independent power and renewable electricity producers - 0.1%          
AES Corp.   131,079    1,684,365 
NRG Energy, Inc.   63,419    710,927 
         2,395,292 
Multi-utilities - 1.0%          
Ameren Corp.   48,860    2,402,935 
CenterPoint Energy, Inc.   86,678    2,013,530 
CMS Energy Corp.   56,213    2,361,508 
Consolidated Edison, Inc.   61,226    4,610,318 
Dominion Resources, Inc.   127,007    9,432,810 
DTE Energy Company   36,124    3,383,735 
NiSource, Inc.   64,733    1,560,713 
Public Service Enterprise Group, Inc.   101,817    4,263,078 
SCANA Corp.   28,793    2,083,749 
Sempra Energy   50,562    5,419,741 
WEC Energy Group, Inc.   63,538    3,804,655 
         41,336,772 
Water utilities - 0.1%          
American Water Works Company, Inc.   35,796    2,678,973 
         124,209,235 
TOTAL COMMON STOCKS (Cost $2,187,656,563)      $3,783,313,720 

 

500 Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value
SECURITIES LENDING COLLATERAL - 0.2%          
John Hancock Collateral Trust,          
0.6548% (W)(Y)   970,543   $9,711,832 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $9,711,859)       $9,711,832 
           
SHORT-TERM INVESTMENTS - 3.5%          
Repurchase agreement - 3.5%          
Repurchase Agreement with State Street Corp.          
dated 09/30/2016 at 0.030% to be          
repurchased at $137,450,344 on 10/03/2016,          
collateralized by $137,790,000          
U.S. Treasury Inflation Indexed Bonds,          
0.125% due 07/15/2026 (valued at          
$140,201,325, including interest)  $137,450,000   $137,450,000 
TOTAL SHORT-TERM INVESTMENTS (Cost $137,450,000)       $137,450,000 
Total Investments (500 Index Trust B)          
(Cost $2,334,818,422) - 100.1%       $3,930,475,552 
Other assets and liabilities, net - (0.1%)        (3,880,473)
TOTAL NET ASSETS - 100.0%       $3,926,595,079 

 

Active Bond Trust

 

     Shares or     
     Principal     
     Amount   Value 
U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS - 24.8%          
U.S. Government - 12.1%          
Treasury Inflation Protected Securities          
0.375%, 07/15/2025  $4,069,468   $4,208,498 
U.S. Treasury Bonds          
2.500%, 02/15/2045 to 05/15/2046   19,861,000    20,615,291 
3.375%, 05/15/2044   8,365,000    10,235,364 
U.S. Treasury Notes          
0.875%, 09/15/2019   1,220,000    1,219,857 
1.500%, 08/15/2026   49,078,000    48,635,169 
1.750%, 01/31/2023   1,715,000    1,755,798 
2.000%, 07/31/2022 to 02/15/2025   3,700,000    3,840,451 
2.375%, 12/31/2020   2,500,000    2,630,860 
         93,141,288 
U.S. Government Agency - 12.7%          
Federal Home Loan Mortgage Corp.          
3.000%, 03/01/2043   1,809,176    1,898,622 
4.000%, 01/01/2041 to 02/01/2044   3,253,644    3,534,277 
4.500%, 09/01/2023 to 10/01/2041   4,625,996    5,080,141 
5.000%, 03/01/2041   395,565    441,070 
Federal National Mortgage Association          
2.394%, 08/01/2034 (P)   1,020,110    1,064,695 
2.676%, 07/01/2033 (P)   41,939    44,249 
3.000%, TBA (C)   15,250,000    15,850,267 
3.000%, 07/01/2027 to 05/01/2043   4,505,047    4,715,448 
3.500%, 02/01/2026 to 04/01/2045   12,287,818    13,068,360 
4.000%, 10/01/2025 to 09/01/2044   14,050,330    15,266,545 
4.500%, 08/01/2040 to 08/01/2041   10,383,349    11,438,502 
5.000%, 05/01/2018 to 04/01/2041   6,725,001    7,518,174 
5.500%, 02/01/2018 to 11/01/2039   6,094,877    6,918,960 
6.000%, 05/01/2035 to 02/01/2036   3,571,663    4,120,388 
6.500%, 01/01/2039 to 06/01/2039   1,297,783    1,512,023 
7.000%, 04/01/2017 to 06/01/2032   244,844    293,488 
7.500%, 09/01/2029 to 08/01/2031   51,541    61,996 

 

The accompanying notes are an integral part of the financial statements.  
6

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS (continued)          
U.S. Government Agency (continued)          
Government National          
Mortgage Association          
4.000%, 02/15/2041  $3,711,776   $4,004,986 
5.000%, 04/15/2035   598,557    670,651 
5.500%, 03/15/2035   335,663    385,247 
6.000%, 03/15/2033 to 06/15/2033   291,301    341,508 
6.500%, 09/15/2028 to 08/15/2031   71,695    83,901 
7.000%, 04/15/2029   50,582    60,042 
8.000%, 10/15/2026   25,191    30,172 
         98,403,712 
TOTAL U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS (Cost $187,249,436)       $191,545,000 
           
FOREIGN GOVERNMENT          
OBLIGATIONS - 0.6%          
Argentina - 0.2%          
City of Buenos Aires          
7.500%, 06/01/2027 (S)   250,000    272,250 
Provincia de Buenos Aires          
7.875%, 06/15/2027 (S)   545,000    581,788 
Republic of Argentina          
7.500%, 04/22/2026 (S)   500,000    564,250 
8.280%, 12/31/2033   329,479    378,077 
Republic of Argentina, GDP-Linked Note          
4.513%, 12/15/2035 (I)*  ARS 19,532,033    134,796 
         1,931,161 
Germany - 0.2%          
Federal Republic of Germany          
6.250%, 01/04/2030  EUR 725,000    1,501,637 
Mexico - 0.1%          
Government of Mexico          
8.000%, 12/07/2023  MXN 11,861,100    687,656 
Panama - 0.1%          
Republic of Panama          
8.875%, 09/30/2027  $344,000    516,000 
9.375%, 04/01/2029   130,000    201,175 
         717,175 
United Kingdom - 0.0%          
Government of United Kingdom          
6.000%, 12/07/2028  GBP 85,000    174,661 
TOTAL FOREIGN GOVERNMENT          
OBLIGATIONS (Cost $4,328,229)       $5,012,290 
           
CORPORATE BONDS - 43.3%          
Consumer discretionary - 5.0%          
21st Century Fox America, Inc.          
6.650%, 11/15/2037  $500,000    660,494 
6.750%, 01/09/2038   108,000    138,719 
7.750%, 12/01/2045   491,000    725,173 
Advance Auto Parts, Inc.          
4.500%, 12/01/2023   650,000    704,324 
Altice Financing SA          
6.500%, 01/15/2022 (S)   215,000    226,825 
6.625%, 02/15/2023 (S)   275,000    282,219 
American Honda Finance Corp.          
1.700%, 02/22/2019   680,000    685,752 
AutoNation, Inc.          
4.500%, 10/01/2025   320,000    339,342 

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Consumer discretionary (continued)          
AutoZone, Inc.          
3.125%, 04/21/2026  $535,000   $546,983 
Brinker International, Inc.          
3.875%, 05/15/2023   740,000    703,139 
CCM Merger, Inc.          
9.125%, 05/01/2019 (S)   335,000    350,075 
Cengage Learning, Inc.          
9.500%, 06/15/2024 (S)   380,000    385,700 
Charter Communications Operating LLC          
6.484%, 10/23/2045 (S)   505,000    612,053 
Clear Channel Worldwide Holdings, Inc.          
6.500%, 11/15/2022   355,000    369,644 
Comcast Corp.          
6.550%, 07/01/2039   1,000,000    1,419,794 
Delphi Automotive PLC          
4.250%, 01/15/2026   505,000    550,458 
Eldorado Resorts, Inc.          
7.000%, 08/01/2023   185,000    196,331 
Expedia, Inc.          
5.000%, 02/15/2026 (S)   965,000    1,016,242 
Ford Motor Company          
4.750%, 01/15/2043   215,000    224,119 
Ford Motor Credit Company LLC          
2.551%, 10/05/2018   390,000    395,704 
5.875%, 08/02/2021   1,184,000    1,350,164 
General Motors Company          
4.875%, 10/02/2023   890,000    964,692 
6.250%, 10/02/2043   455,000    536,591 
General Motors Financial Company, Inc.          
3.450%, 04/10/2022   560,000    568,057 
4.000%, 01/15/2025   745,000    754,632 
5.250%, 03/01/2026   385,000    421,620 
GLP Capital LP          
5.375%, 04/15/2026   365,000    392,375 
Grain Spectrum Funding II LLC          
3.290%, 10/10/2034 (S)   483,057    482,454 
Hyatt Hotels Corp.          
3.375%, 07/15/2023   660,000    678,936 
International Game Technology PLC          
6.500%, 02/15/2025 (S)   245,000    263,988 
Jo-Ann Stores Holdings, Inc., PIK          
9.750%, 10/15/2019 (S)   475,000    463,125 
L Brands, Inc.          
6.625%, 04/01/2021   650,000    749,125 
6.875%, 11/01/2035   240,000    261,600 
Lear Corp.          
5.250%, 01/15/2025   184,000    199,640 
Marriott International, Inc.          
3.125%, 06/15/2026   500,000    505,676 
McGraw-Hill Global Education          
Holdings LLC          
7.875%, 05/15/2024 (S)   105,000    113,400 
MDC Holdings, Inc.          
5.500%, 01/15/2024   670,000    700,150 
MDC Partners, Inc.          
6.500%, 05/01/2024 (S)   185,000    169,738 
Midcontinent Communications          
6.875%, 08/15/2023 (S)   215,000    228,975 
Mohegan Tribal Gaming Authority          
7.875%, 10/15/2024 (S)   435,000    434,456 
9.750%, 09/01/2021   365,000    393,744 
Myriad International Holdings BV          
5.500%, 07/21/2025 (S)   360,000    386,820 

 

The accompanying notes are an integral part of the financial statements.  
7

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Consumer discretionary (continued)          
Nemak SAB de CV          
5.500%, 02/28/2023 (S)  $430,000   $438,170 
Newell Brands, Inc.          
2.150%, 10/15/2018   215,000    218,048 
4.200%, 04/01/2026   450,000    490,392 
Omnicom Group, Inc.          
3.600%, 04/15/2026   410,000    433,589 
Pearson Funding Five PLC          
3.250%, 05/08/2023 (S)   660,000    646,675 
QVC, Inc.          
4.375%, 03/15/2023   410,000    411,275 
5.125%, 07/02/2022   250,000    265,010 
5.450%, 08/15/2034   345,000    319,878 
Radio One, Inc.          
9.250%, 02/15/2020 (S)   375,000    349,688 
Scripps Networks Interactive, Inc.          
2.800%, 06/15/2020   600,000    614,662 
3.950%, 06/15/2025   430,000    452,906 
Seminole Tribe of Florida, Inc.          
6.535%, 10/01/2020 (S)   255,000    256,275 
Service Corp. International          
5.375%, 05/15/2024   410,000    434,600 
Sinclair Television Group, Inc.          
5.625%, 08/01/2024 (S)   490,000    501,025 
Sirius XM Radio, Inc.          
5.250%, 08/15/2022 (S)   453,000    479,048 
5.375%, 04/15/2025 to 07/15/2026 (S)   850,000    874,975 
Time Warner Cable LLC          
8.250%, 04/01/2019   410,000    472,072 
Time Warner Cable, Inc.          
5.500%, 09/01/2041   450,000    481,350 
Time Warner Companies, Inc.          
7.570%, 02/01/2024   716,000    924,521 
Time Warner Entertainment Company LP          
8.375%, 07/15/2033   300,000    409,158 
Time Warner, Inc.          
3.600%, 07/15/2025   400,000    425,725 
3.875%, 01/15/2026   865,000    937,461 
6.500%, 11/15/2036   377,000    488,192 
7.625%, 04/15/2031   451,000    639,903 
Toll Brothers Finance Corp.          
4.000%, 12/31/2018   600,000    621,750 
Viacom, Inc.          
4.375%, 03/15/2043   1,782,000    1,642,633 
6.125%, 10/05/2017   750,000    783,015 
Vista Outdoor, Inc.          
5.875%, 10/01/2023 (S)   361,000    377,245 
Waterford Gaming LLC          
8.625%, 09/15/2014 (H)(S)   341,969    0 
WMG Acquisition Corp.          
6.750%, 04/15/2022 (S)   525,000    556,500 
Yum! Brands, Inc.          
5.350%, 11/01/2043   600,000    517,500 
6.250%, 03/15/2018   155,000    165,075 
6.875%, 11/15/2037   292,000    299,300 
ZF North America Capital, Inc.          
4.750%, 04/29/2025 (S)   345,000    362,250 
         38,842,914 
Consumer staples - 2.5%          
Alliance One International, Inc.          
9.875%, 07/15/2021 (L)   690,000    586,500 
Anheuser-Busch Companies LLC          
6.500%, 02/01/2043   540,000    763,032 

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Consumer staples (continued)          
Anheuser-Busch InBev Finance, Inc.          
4.900%, 02/01/2046  $1,345,000   $1,613,123 
Bunge, Ltd. Finance Corp.          
3.250%, 08/15/2026   500,000    502,095 
8.500%, 06/15/2019   395,000    462,812 
Constellation Brands, Inc.          
4.750%, 11/15/2024   205,000    221,913 
CVS Health Corp.          
2.875%, 06/01/2026   365,000    370,644 
5.125%, 07/20/2045   690,000    841,265 
CVS Pass-Through Trust          
8.353%, 07/10/2031 (S)   1,112,437    1,486,817 
Fomento Economico Mexicano SAB          
de CV          
4.375%, 05/10/2043   1,000,000    1,024,575 
Kraft Heinz Foods Company          
2.000%, 07/02/2018   610,000    616,026 
4.875%, 02/15/2025 (S)   360,000    397,099 
5.200%, 07/15/2045   480,000    569,050 
6.125%, 08/23/2018   817,000    886,480 
Molson Coors Brewing Company          
1.450%, 07/15/2019   225,000    224,331 
3.000%, 07/15/2026   540,000    544,088 
PepsiCo, Inc.          
1.500%, 02/22/2019   600,000    604,206 
Post Holdings, Inc.          
7.750%, 03/15/2024 (S)   205,000    229,600 
Revlon Consumer Products Corp.          
5.750%, 02/15/2021   380,000    387,600 
Reynolds American, Inc.          
4.850%, 09/15/2023   1,000,000    1,145,018 
SABMiller PLC          
6.500%, 07/15/2018 (S)   715,000    776,980 
Safeway, Inc.          
6.350%, 08/15/2017   164,000    167,690 
SUPERVALU, Inc.          
7.750%, 11/15/2022 (L)   600,000    573,000 
The Kroger Company          
7.000%, 05/01/2018   1,105,000    1,202,156 
Tops Holding II Corp.          
8.750%, 06/15/2018   128,000    117,760 
Tops Holding LLC          
8.000%, 06/15/2022 (S)   740,000    666,000 
Vector Group, Ltd.          
7.750%, 02/15/2021   340,000    358,598 
Walgreens Boots Alliance, Inc.          
1.750%, 05/30/2018   570,000    573,102 
Whole Foods Market, Inc.          
5.200%, 12/03/2025 (S)   850,000    923,697 
         18,835,257 
Energy - 5.3%          
Anadarko Petroleum Corp.          
4.500%, 07/15/2044   400,000    367,860 
5.550%, 03/15/2026 (L)   800,000    908,849 
Antero Midstream Partners LP          
5.375%, 09/15/2024 (S)   380,000    384,750 
Apache Corp.          
5.100%, 09/01/2040   325,000    337,811 
Boardwalk Pipelines LP          
3.375%, 02/01/2023   850,000    806,867 
BP Capital Markets PLC          
2.750%, 05/10/2023   530,000    539,632 

 

The accompanying notes are an integral part of the financial statements.  
8

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Energy (continued)          
Cameron International Corp.          
5.950%, 06/01/2041  $1,178,000   $1,460,788 
Cenovus Energy, Inc.          
4.450%, 09/15/2042   520,000    430,029 
Cimarex Energy Company          
4.375%, 06/01/2024   815,000    851,640 
CNOOC Finance 2003, Ltd.          
5.500%, 05/21/2033 (S)   545,000    653,679 
Columbia Pipeline Group, Inc.          
4.500%, 06/01/2025   755,000    820,501 
ConocoPhillips Company          
2.875%, 11/15/2021   450,000    462,361 
5.950%, 03/15/2046   575,000    728,859 
Continental Resources, Inc.          
4.900%, 06/01/2044   400,000    336,000 
5.000%, 09/15/2022 (L)   786,000    784,035 
DCP Midstream LLC          
9.750%, 03/15/2019 (S)   465,000    517,080 
DCP Midstream LLC (5.850% to          
05/21/2023, then 3 month          
LIBOR + 3.850%)          
05/21/2043 (S)   355,000    294,650 
DCP Midstream Operating LP          
2.700%, 04/01/2019   410,000    399,750 
3.875%, 03/15/2023   275,000    262,625 
Devon Energy Corp.          
5.000%, 06/15/2045   600,000    585,049 
Devon Financing Company LLC          
7.875%, 09/30/2031   874,000    1,083,490 
Emera US Finance LP          
3.550%, 06/15/2026 (S)   280,000    290,373 
Enbridge Energy Partners LP          
4.375%, 10/15/2020   385,000    406,063 
7.500%, 04/15/2038   600,000    724,205 
Energen Corp.          
4.625%, 09/01/2021   500,000    492,500 
Energy Transfer Partners LP          
4.150%, 10/01/2020   1,000,000    1,045,986 
5.150%, 03/15/2045   515,000    478,089 
5.950%, 10/01/2043   300,000    303,644 
9.700%, 03/15/2019   330,000    378,588 
Enterprise Products Operating LLC          
4.464%, 08/01/2066 (P)   500,000    471,300 
6.650%, 04/15/2018   750,000    805,958 
6.875%, 03/01/2033   471,000    575,935 
Fortive Corp.          
3.150%, 06/15/2026 (S)   700,000    720,341 
Hess Corp.          
5.600%, 02/15/2041   400,000    398,477 
5.800%, 04/01/2047   500,000    511,731 
Kerr-McGee Corp.          
6.950%, 07/01/2024   350,000    420,949 
Kinder Morgan Energy Partners LP          
5.000%, 10/01/2021   500,000    545,604 
7.300%, 08/15/2033   603,000    701,243 
7.750%, 03/15/2032   210,000    252,596 
Kinder Morgan, Inc.          
4.300%, 06/01/2025   305,000    317,164 
5.550%, 06/01/2045   640,000    658,024 
Lukoil International Finance BV          
3.416%, 04/24/2018 (S)   565,000    573,405 
Marathon Oil Corp.          
6.800%, 03/15/2032   785,000    822,480 

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Energy (continued)          
MPLX LP          
4.000%, 02/15/2025  $225,000   $221,858 
4.875%, 12/01/2024   345,000    358,800 
National Oilwell Varco, Inc.          
2.600%, 12/01/2022   600,000    566,327 
Newfield Exploration Company          
5.625%, 07/01/2024   500,000    512,500 
5.750%, 01/30/2022   250,000    258,125 
Nexen Energy ULC          
6.400%, 05/15/2037   775,000    1,032,851 
Noble Energy, Inc.          
4.150%, 12/15/2021   600,000    638,032 
Noble Holding International, Ltd.          
5.250%, 03/15/2042   500,000    282,500 
Occidental Petroleum Corp.          
3.400%, 04/15/2026   755,000    799,227 
ONEOK Partners LP          
6.650%, 10/01/2036   835,000    926,818 
Petro-Canada          
6.050%, 05/15/2018   745,000    796,023 
Petroleos Mexicanos          
4.875%, 01/24/2022   375,000    381,563 
Plains All American Pipeline LP          
4.900%, 02/15/2045   750,000    688,775 
Regency Energy Partners LP          
5.000%, 10/01/2022   145,000    153,052 
5.500%, 04/15/2023   685,000    707,323 
5.875%, 03/01/2022   145,000    159,842 
Shell International Finance BV          
4.375%, 05/11/2045   830,000    896,451 
Sinopec Group Overseas Development          
2015, Ltd.          
3.250%, 04/28/2025 (S)   550,000    563,733 
Spectra Energy Capital LLC          
6.750%, 02/15/2032   589,000    661,883 
Summit Midstream Holdings LLC          
7.500%, 07/01/2021   150,000    155,250 
Sunoco Logistics Partners Operations LP          
3.450%, 01/15/2023   1,080,000    1,080,012 
3.900%, 07/15/2026   320,000    326,509 
4.400%, 04/01/2021   544,000    583,608 
Tallgrass Energy Partners LP          
5.500%, 09/15/2024 (S)   145,000    146,088 
Teekay Offshore Partners LP          
6.000%, 07/30/2019   635,000    523,875 
Tesoro Logistics LP          
6.125%, 10/15/2021   575,000    600,875 
6.375%, 05/01/2024   365,000    391,463 
Williams Partners LP          
4.300%, 03/04/2024   700,000    716,194 
4.875%, 05/15/2023 to 03/15/2024   1,185,000    1,198,408 
         41,238,925 
Financials - 13.7%          
Ally Financial, Inc.          
3.250%, 11/05/2018   470,000    472,350 
5.125%, 09/30/2024   680,000    720,800 
American Express Bank FSB          
6.000%, 09/13/2017   585,000    610,145 
American International Group, Inc.          
3.900%, 04/01/2026   830,000    878,624 

 

The accompanying notes are an integral part of the financial statements.  
9

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Financials (continued)          
American International Group, Inc.          
(6.250% to 03/15/2037, then 3 month          
LIBOR + 2.056%)          
03/15/2087  $100,000   $105,500 
American Tower Corp.          
5.000%, 02/15/2024   670,000    759,265 
Ameriprise Financial, Inc.          
2.875%, 09/15/2026   500,000    501,507 
Aquarius & Investments PLC (6.375% to          
09/01/2019, then 5 Year U.S. Swap          
Rate + 5.210%)          
09/01/2024   560,000    585,266 
Ares Capital Corp.          
3.875%, 01/15/2020   535,000    553,367 
Assurant, Inc.          
4.000%, 03/15/2023   1,260,000    1,282,985 
Assured Guaranty US Holdings, Inc.          
5.000%, 07/01/2024 (L)   660,000    737,769 
Australia & New Zealand Banking          
Group, Ltd. (6.750% to 06/15/2026,          
then 5 Year U.S. ISDAFIX + 5.168%)          
06/15/2026 (L)(Q)(S)   235,000    258,537 
AXA SA          
8.600%, 12/15/2030   270,000    380,700 
AXA SA (6.379% to 12/14/2036, then          
3 month LIBOR + 2.256%)          
12/14/2036 (Q)(S)   215,000    234,260 
AXA SA (6.463% to 12/14/2018, then          
3 month LIBOR + 1.449%)          
12/14/2018 (Q)(S)   1,440,000    1,498,781 
Bank of America Corp.          
3.950%, 04/21/2025   205,000    212,336 
4.200%, 08/26/2024   370,000    391,253 
4.250%, 10/22/2026   400,000    423,302 
4.450%, 03/03/2026   815,000    875,189 
5.000%, 05/13/2021   1,000,000    1,116,998 
6.875%, 04/25/2018   710,000    765,648 
7.625%, 06/01/2019   1,065,000    1,222,123 
Bank of America Corp. (6.250% to          
09/05/2024, then 3 month          
LIBOR + 3.705%)          
09/05/2024 (Q)   650,000    676,878 
Bank of America Corp. (6.300% to          
03/10/2026, then 3 month          
LIBOR + 4.553%)          
03/10/2026 (Q)   320,000    347,600 
Bank of America Corp. (8.000% to          
01/30/2018, then 3 month          
LIBOR + 3.630%)          
01/30/2018 (Q)   595,000    606,900 
BankUnited, Inc.          
4.875%, 11/17/2025   570,000    589,628 
Barclays Bank PLC          
10.179%, 06/12/2021 (S)   435,000    555,962 
Barclays PLC          
4.375%, 01/12/2026   500,000    517,320 
BPCE SA          
4.500%, 03/15/2025 (S)   550,000    555,441 
5.700%, 10/22/2023 (S)   540,000    587,720 
Capital One Financial Corp.          
2.450%, 04/24/2019   395,000    403,581 
3.500%, 06/15/2023   1,023,000    1,066,970 
3.750%, 07/28/2026   1,300,000    1,306,962 

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Financials (continued)          
Capital One Financial Corp. (continued)          
4.200%, 10/29/2025  $625,000   $652,436 
Capital One Financial Corp. (5.550% to          
06/01/2020, then 3 month          
LIBOR + 3.800%)          
06/01/2020 (Q)   530,000    539,275 
Capital One NA          
2.350%, 08/17/2018   410,000    414,975 
Citigroup, Inc.          
3.500%, 05/15/2023   1,060,000    1,089,480 
4.500%, 01/14/2022   1,000,000    1,104,522 
4.600%, 03/09/2026   615,000    657,192 
Citigroup, Inc. (6.250% to 08/15/2026,          
then 3 month LIBOR + 4.517%)          
08/15/2026 (Q)   740,000    797,118 
CNA Financial Corp.          
7.250%, 11/15/2023   190,000    231,149 
CNO Financial Group, Inc.          
5.250%, 05/30/2025   665,000    663,338 
Commerzbank AG          
8.125%, 09/19/2023 (S)   575,000    661,538 
Cooperatieve Rabobank UA (11.000% to          
06/30/2019, then 3 month          
LIBOR + 10.868%)          
06/30/2019 (Q)(S)   608,000    736,440 
Credit Acceptance Corp.          
6.125%, 02/15/2021   515,000    517,575 
Credit Agricole SA          
4.375%, 03/17/2025 (S)   600,000    612,520 
Credit Agricole SA (6.625% to          
09/23/2019, then 5 Year U.S. Swap          
Rate + 4.697%)          
09/23/2019 (L)(Q)(S)   545,000    521,360 
Credit Agricole SA (7.875% to          
01/23/2024, then 5 Year U.S. Swap          
Rate + 4.898%)          
01/23/2024 (Q)(S)   510,000    509,786 
Credit Agricole SA (8.125% to          
09/19/2018, then 5 Year U.S. Swap          
Rate + 6.283%)          
09/19/2033 (S)   350,000    377,563 
Credit Suisse Group AG (7.500% to          
12/11/2023, then 5 Year U.S. Swap          
Rate + 4.598%)          
12/11/2023 (Q)(S)   340,000    345,865 
Credit Suisse Group Funding          
Guernsey, Ltd.          
4.550%, 04/17/2026 (S)   405,000    425,499 
Credito Real SAB de CV SOFOM ER          
7.500%, 03/13/2019 (S)   525,000    546,000 
Discover Bank          
2.600%, 11/13/2018   620,000    629,278 
Discover Financial Services          
3.950%, 11/06/2024   1,025,000    1,049,806 
5.200%, 04/27/2022   400,000    440,418 
Doric Nimrod Air Alpha 2013-1 Class B          
Pass Through Trust          
6.125%, 11/30/2021 (S)   186,477    194,635 
Enova International, Inc.          
9.750%, 06/01/2021   545,000    487,775 

 

The accompanying notes are an integral part of the financial statements.  
10

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Financials (continued)          
Fifth Third Bancorp (5.100% to          
06/30/2023, then 3 month          
LIBOR + 3.033%)          
06/30/2023 (Q)  $475,000   $457,188 
Flagstar Bancorp, Inc.          
6.125%, 07/15/2021 (S)   362,000    368,762 
FS Investment Corp.          
4.000%, 07/15/2019   545,000    554,290 
HBOS PLC          
6.750%, 05/21/2018 (S)   805,000    860,342 
HCP, Inc.          
3.875%, 08/15/2024   800,000    819,301 
HSBC Holdings PLC (6.375% to          
09/17/2024, then 5 Year          
U.S. ISDAFIX + 3.705%)          
09/17/2024 (Q)   185,000    182,225 
HSBC Holdings PLC (6.875% to          
06/01/2021, then 5 Year          
U.S. ISDAFIX + 5.514%)          
06/01/2021 (Q)   480,000    502,800 
ING Bank NV          
5.800%, 09/25/2023 (S)   545,000    609,468 
ING Groep NV (6.500% to 04/16/2025,          
then 5 Year U.S. Swap Rate + 4.446%)          
04/16/2025 (Q)   200,000    193,875 
Invesco Finance PLC          
3.125%, 11/30/2022   850,000    882,137 
Jefferies Group LLC          
5.125%, 04/13/2018   600,000    626,389 
6.875%, 04/15/2021   725,000    845,897 
8.500%, 07/15/2019 (L)   810,000    932,404 
JPMorgan Chase & Co.          
3.200%, 06/15/2026   580,000    595,630 
3.375%, 05/01/2023   1,250,000    1,284,883 
4.125%, 12/15/2026   600,000    640,620 
4.500%, 01/24/2022   1,300,000    1,436,377 
4.625%, 05/10/2021   920,000    1,018,907 
6.300%, 04/23/2019   1,000,000    1,113,929 
JPMorgan Chase & Co. (5.300% to          
05/01/2020, then 3 month          
LIBOR + 3.800%)          
05/01/2020 (Q)   650,000    658,938 
JPMorgan Chase & Co. (6.750% to          
02/01/2024, then 3 month          
LIBOR + 3.780%)          
02/01/2024 (Q)   730,000    813,950 
Legg Mason, Inc.          
3.950%, 07/15/2024   660,000    675,559 
4.750%, 03/15/2026   825,000    891,938 
Leucadia National Corp.          
5.500%, 10/18/2023   1,675,000    1,760,767 
Liberty Mutual Group, Inc.          
4.250%, 06/15/2023 (S)   1,000,000    1,082,299 
Liberty Mutual Group, Inc. (7.800% to          
03/15/2037, then 3 month LIBOR          
+3.576%)          
03/07/2087 (S)   540,000    631,800 
Lincoln National Corp.          
6.250%, 02/15/2020   1,000,000    1,125,482 
Lloyds Banking Group PLC          
4.650%, 03/24/2026   1,280,000    1,317,883 

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Financials (continued)          
Lloyds Banking Group PLC (7.500% to          
06/27/2024, then 5 Year U.S. Swap          
Rate + 4.760%)          
06/27/2024 (Q)  $435,000   $449,225 
Loews Corp.          
2.625%, 05/15/2023   630,000    636,120 
3.750%, 04/01/2026   825,000    876,825 
Macquarie Bank, Ltd.          
4.875%, 06/10/2025 (S)   660,000    694,752 
Macquarie Group, Ltd.          
3.000%, 12/03/2018 (S)   650,000    664,877 
Manufacturers & Traders Trust Company          
(5.629% to 12/01/2016, then 3 month          
LIBOR + 6.400%)          
12/01/2021   620,000    609,017 
Markel Corp.          
5.000%, 03/30/2043   1,270,000    1,373,849 
5.350%, 06/01/2021   800,000    897,918 
MetLife, Inc.          
3.000%, 03/01/2025   300,000    305,435 
6.400%, 12/15/2066   425,000    470,422 
MGIC Investment Corp.          
5.750%, 08/15/2023   97,000    100,880 
Montpelier Re Holdings, Ltd.          
4.700%, 10/15/2022   1,080,000    1,116,588 
Morgan Stanley          
2.450%, 02/01/2019   365,000    371,614 
3.875%, 01/27/2026   360,000    382,932 
4.100%, 05/22/2023   900,000    951,965 
5.500%, 01/26/2020   435,000    482,358 
5.950%, 12/28/2017   565,000    594,899 
6.625%, 04/01/2018   470,000    503,581 
7.300%, 05/13/2019   1,010,000    1,147,795 
Morgan Stanley (5.450% to 07/15/2019,          
then 3 month LIBOR + 3.610%)          
07/15/2019 (Q)   200,000    200,668 
Morgan Stanley (5.550% to 07/15/2020,          
then 3 month LIBOR + 3.810%)          
07/15/2020 (Q)   400,000    408,500 
MSCI, Inc.          
5.250%, 11/15/2024 (S)   50,000    52,933 
Nationstar Mortgage LLC          
6.500%, 07/01/2021   385,000    377,300 
7.875%, 10/01/2020   405,000    411,561 
9.625%, 05/01/2019   195,000    204,263 
Nationwide Mutual Insurance Company          
2.942%, 12/15/2024 (P)(S)   1,130,000    1,107,432 
NewStar Financial, Inc.          
7.250%, 05/01/2020   640,000    630,400 
Nippon Life Insurance Company (5.100%          
to 10/16/2024, then 5 Year          
U.S. ISDAFIX + 3.650%)          
10/16/2044 (S)   410,000    452,066 
Oil Casualty Insurance, Ltd.          
8.000%, 09/15/2034 (S)   1,127,000    1,253,404 
Popular, Inc.          
7.000%, 07/01/2019   320,000    329,600 
Prudential Financial, Inc. (5.200% to          
03/15/2024, then 3 month          
LIBOR + 3.040%)          
03/15/2044   395,000    407,344 

 

The accompanying notes are an integral part of the financial statements.  
11

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Financials (continued)          
Prudential Financial, Inc. (5.875% to          
09/15/2022, then 3 month          
LIBOR + 4.175%)          
09/15/2042  $391,000   $431,371 
Quicken Loans, Inc.          
5.750%, 05/01/2025 (S)   785,000    779,113 
Radian Group, Inc.          
5.250%, 06/15/2020   230,000    243,225 
7.000%, 03/15/2021   410,000    459,713 
Raymond James Financial, Inc.          
3.625%, 09/15/2026   500,000    510,395 
4.950%, 07/15/2046   500,000    510,170 
Royal Bank of Scotland Group PLC          
3.875%, 09/12/2023   500,000    493,494 
4.800%, 04/05/2026   460,000    473,965 
Royal Bank of Scotland Group PLC          
(8.000% to 08/10/2025, then 5 Year          
U.S. Swap Rate + 5.720%)          
08/10/2025 (Q)   300,000    282,000 
Royal Bank of Scotland Group PLC          
(8.625% to 08/15/2021, then 5 Year          
U.S. Swap Rate + 7.598%)          
08/15/2021 (Q)   250,000    246,250 
S&P Global, Inc.          
4.000%, 06/15/2025   615,000    666,626 
4.400%, 02/15/2026   430,000    480,781 
Santander Holdings USA, Inc.          
2.700%, 05/24/2019   875,000    885,867 
Santander UK Group Holdings PLC          
4.750%, 09/15/2025 (S)   445,000    445,500 
Sirius International Group, Ltd. (7.506%          
to 06/30/2017, then 3 month          
LIBOR + 3.200%)          
06/30/2017 (Q)(S)   390,000    392,496 
Societe Generale SA (7.375% to          
09/13/2021, then 5 Year U.S. Swap          
Rate + 6.238%)          
09/13/2021 (Q)(S)   470,000    460,600 
Societe Generale SA (8.000% to          
09/29/2025, then 5 Year          
U.S. ISDAFIX + 5.873%)          
09/29/2025 (Q)(S)   505,000    501,213 
Societe Generale SA (8.250% to          
11/29/2018, then 5 Year U.S. Swap          
Rate + 6.394%)          
11/29/2018 (Q)   385,000    390,375 
Standard Chartered PLC          
2.100%, 08/19/2019 (S)   1,040,000    1,039,507 
Stearns Holdings LLC          
9.375%, 08/15/2020 (S)   230,000    223,100 
Stifel Financial Corp.          
4.250%, 07/18/2024   1,695,000    1,715,413 
Sumitomo Mitsui Banking Corp.          
2.450%, 01/10/2019   780,000    793,065 
Synovus Financial Corp.          
7.875%, 02/15/2019   195,000    215,963 
Teachers Insurance & Annuity Association          
of America          
6.850%, 12/16/2039 (S)   670,000    912,734 
The Bear Stearns Companies LLC          
7.250%, 02/01/2018   405,000    434,918 

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Financials (continued)          
The Charles Schwab Corp. (7.000% to          
02/01/2022, then 3 month          
LIBOR + 4.820%)          
02/01/2022 (Q)  $1,000,000   $1,160,000 
The Goldman Sachs Group, Inc.          
2.000%, 04/25/2019   360,000    362,352 
3.625%, 01/22/2023   1,200,000    1,268,411 
3.750%, 05/22/2025   485,000    509,568 
4.750%, 10/21/2045   245,000    275,644 
5.950%, 01/18/2018   725,000    764,881 
The Hartford Financial          
Services Group, Inc.          
5.500%, 03/30/2020   500,000    557,473 
6.625%, 03/30/2040   500,000    645,174 
The Hartford Financial Services          
Group, Inc. (8.125% to 06/15/2018,          
then 3 month LIBOR + 4.603%)          
06/15/2068   665,000    726,513 
The PNC Financial Services Group, Inc.          
(4.850% to 06/01/2023, then 3 month          
LIBOR + 3.040%)          
06/01/2023 (Q)   475,000    473,765 
The PNC Financial Services Group, Inc.          
(6.750% to 08/01/2021, then 3 month          
LIBOR + 3.678%)          
08/01/2021 (Q)   615,000    688,800 
Voya Financial, Inc.          
4.800%, 06/15/2046   700,000    693,992 
Voya Financial, Inc. (5.650% to          
05/15/2023, then 3 month          
LIBOR + 3.580%)          
05/15/2053   605,000    605,000 
Wells Fargo & Company          
3.450%, 02/13/2023   900,000    928,480 
4.650%, 11/04/2044   365,000    384,910 
Wells Fargo & Company (5.875% to          
06/15/2025, then 3 month          
LIBOR + 3.990%)          
06/15/2025 (Q)   1,060,000    1,150,100 
Wells Fargo & Company (5.900% to          
06/15/2024, then 3 month          
LIBOR + 3.110%)          
06/15/2024 (Q)   410,000    424,863 
Wells Fargo & Company, Series K          
(7.980% to 03/15/2018, then 3 month          
LIBOR + 3.770%)          
03/15/2018 (Q)   482,000    503,738 
Willis Towers Watson PLC          
5.750%, 03/15/2021   1,350,000    1,520,442 
XLIT, Ltd.          
5.750%, 10/01/2021   1,000,000    1,144,744 
         106,134,477 
Health care - 2.6%          
AbbVie, Inc.          
3.600%, 05/14/2025   775,000    810,533 
Actavis Funding SCS          
3.800%, 03/15/2025   450,000    476,520 
Agilent Technologies, Inc.          
3.875%, 07/15/2023   670,000    715,232 
Amgen, Inc.          
4.400%, 05/01/2045   340,000    358,046 
Anthem, Inc.          
6.375%, 06/15/2037   1,000,000    1,310,322 

 

The accompanying notes are an integral part of the financial statements.  
12

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Health care (continued)          
Baxter International, Inc.          
3.500%, 08/15/2046  $500,000   $472,519 
Celgene Corp.          
5.000%, 08/15/2045   700,000    790,073 
Cigna Corp.          
4.500%, 03/15/2021   1,100,000    1,206,579 
Covenant Surgical Partners, Inc.          
8.750%, 08/01/2019 (S)   239,000    229,440 
Express Scripts Holding Company          
4.500%, 02/25/2026   815,000    894,445 
Fresenius US Finance II, Inc.          
4.500%, 01/15/2023 (S)   245,000    255,413 
HCA, Inc.          
5.250%, 04/15/2025 to 06/15/2026   540,000    575,438 
7.500%, 02/15/2022   380,000    436,050 
LifePoint Health, Inc.          
5.375%, 05/01/2024 (S)   400,000    400,000 
Medco Health Solutions, Inc.          
7.125%, 03/15/2018   325,000    350,335 
MEDNAX, Inc.          
5.250%, 12/01/2023 (S)   85,000    89,356 
Medtronic, Inc.          
4.625%, 03/15/2045   465,000    547,653 
Molina Healthcare, Inc.          
5.375%, 11/15/2022   430,000    443,975 
Mylan NV          
2.500%, 06/07/2019 (S)   476,000    480,195 
3.950%, 06/15/2026 (S)   2,000,000    2,016,192 
5.250%, 06/15/2046 (S)   250,000    265,451 
Mylan, Inc.          
2.600%, 06/24/2018   670,000    679,467 
Quintiles Transnational Corp.          
4.875%, 05/15/2023 (S)   155,000    159,263 
Select Medical Corp.          
6.375%, 06/01/2021   600,000    590,250 
Shire Acquisitions Investments          
Ireland DAC          
1.900%, 09/23/2019   660,000    660,607 
3.200%, 09/23/2026   1,485,000    1,489,096 
Teva Pharmaceutical Finance          
Company LLC          
6.150%, 02/01/2036   49,000    62,091 
Teva Pharmaceutical Finance          
Netherlands III BV          
3.150%, 10/01/2026   445,000    447,355 
UnitedHealth Group, Inc.          
5.800%, 03/15/2036   540,000    710,298 
Universal Health Services, Inc.          
4.750%, 08/01/2022 (S)   345,000    356,213 
WellCare Health Plans, Inc.          
5.750%, 11/15/2020   245,000    252,963 
Zimmer Biomet Holdings, Inc.          
3.550%, 04/01/2025   1,140,000    1,175,587 
         19,706,957 
Industrials - 4.6%          
AerCap Global Aviation Trust (6.500% to          
06/15/2025, then 3 month          
LIBOR + 4.300%)          
06/15/2045 (S)   485,000    498,338 
AerCap Ireland Capital, Ltd.          
4.625%, 10/30/2020   610,000    640,500 
Ahern Rentals, Inc.          
7.375%, 05/15/2023 (S)   575,000    372,313 

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Industrials (continued)          
Air Canada 2013-1 Class C Pass          
Through Trust          
6.625%, 05/15/2018 (S)  $425,000   $442,000 
Air Lease Corp.          
3.000%, 09/15/2023   785,000    776,075 
3.375%, 01/15/2019 (L)   240,000    246,509 
3.875%, 04/01/2021   360,000    380,700 
4.750%, 03/01/2020 (L)   500,000    538,225 
5.625%, 04/01/2017   235,000    239,007 
Aircastle, Ltd.          
5.500%, 02/15/2022   325,000    350,610 
6.250%, 12/01/2019   265,000    290,175 
7.625%, 04/15/2020   205,000    233,444 
American Airlines 2011-1 Class B Pass          
Through Trust          
7.000%, 07/31/2019 (S)   582,246    608,447 
American Airlines 2013-2 Class A Pass          
Through Trust          
4.950%, 07/15/2024   503,442    547,493 
American Airlines 2015-1 Class B Pass          
Through Trust          
3.700%, 11/01/2024   649,407    634,795 
American Airlines 2016-1 Class A Pass          
Through Trust          
4.100%, 07/15/2029   279,149    299,387 
Ashtead Capital, Inc.          
5.625%, 10/01/2024 (S)   210,000    221,025 
British Airways 2013-1 Class A Pass          
Through Trust          
4.625%, 06/20/2024 (S)   725,582    777,948 
British Airways 2013-1 Class B Pass          
Through Trust          
5.625%, 12/20/2021 (S)   193,833    204,009 
Builders FirstSource, Inc.          
10.750%, 08/15/2023 (S)   315,000    361,463 
Casella Waste Systems, Inc.          
7.750%, 02/15/2019   295,000    300,900 
Continental Airlines 1998-1 Class A Pass          
Through Trust          
6.648%, 03/15/2019   61,007    61,995 
Continental Airlines 1999-1 Class A Pass          
Through Trust          
6.545%, 08/02/2020   133,346    141,427 
Continental Airlines 2000-2 Class B Pass          
Through Trust          
8.307%, 10/02/2019   31,681    33,423 
Continental Airlines 2007-1 Class A Pass          
Through Trust          
5.983%, 10/19/2023   405,490    457,190 
Continental Airlines 2012-1 Class B Pass          
Through Trust          
6.250%, 10/11/2021   118,310    126,888 
Cortes NP Acquisition Corp.          
9.250%, 10/15/2024 (S)   135,000    135,000 
Delta Air Lines 2002-1 Class G-1 Pass          
Through Trust          
6.718%, 07/02/2024   466,628    538,955 
Delta Air Lines 2010-1 Class A Pass          
Through Trust          
6.200%, 01/02/2020   86,485    91,891 
Empresa de Transporte de Pasajeros          
Metro SA          
4.750%, 02/04/2024 (S)   340,000    371,460 

 

The accompanying notes are an integral part of the financial statements.  
13

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Industrials (continued)          
EnerSys          
5.000%, 04/30/2023 (S)  $145,000   $144,819 
Engility Corp.          
8.875%, 09/01/2024 (S)   59,000    59,738 
Florida East Coast Holdings Corp.          
6.750%, 05/01/2019 (S)   290,000    297,250 
General Electric Company          
1.297%, 08/15/2036 (P)   410,000    350,681 
2.700%, 10/09/2022   1,100,000    1,144,231 
General Electric Company (5.000% to          
01/21/2021, then 3 month          
LIBOR + 3.330%)          
01/21/2021 (Q)   1,173,000    1,247,368 
Huntington Ingalls Industries, Inc.          
5.000%, 12/15/2021 to 11/15/2025 (S)   575,000    604,500 
International Lease Finance Corp.          
5.875%, 04/01/2019   330,000    353,513 
7.125%, 09/01/2018 (S)   305,000    332,831 
JB Hunt Transport Services, Inc.          
3.850%, 03/15/2024   700,000    742,485 
Lockheed Martin Corp.          
2.900%, 03/01/2025   560,000    577,822 
4.700%, 05/15/2046   430,000    512,228 
LSC Communications, Inc.          
8.750%, 10/15/2023 (S)   290,000    289,275 
Masco Corp.          
4.375%, 04/01/2026   680,000    715,700 
4.450%, 04/01/2025   390,000    414,375 
Northwest Airlines 2007-1 Class A Pass          
Through Trust          
7.027%, 05/01/2021   263,269    298,810 
Owens Corning          
3.400%, 08/15/2026   330,000    331,741 
4.200%, 12/15/2022   475,000    510,358 
Penske Truck Leasing Company LP          
3.375%, 02/01/2022 (S)   905,000    941,203 
Prime Security Services Borrower LLC          
9.250%, 05/15/2023 (S)   185,000    201,650 
Ryder System, Inc.          
2.450%, 11/15/2018   900,000    915,521 
SPL Logistics Escrow LLC          
8.875%, 08/01/2020 (S)   251,000    204,565 
Stanley Black & Decker, Inc. (5.750% to          
12/15/2018, then 3 month          
LIBOR + 4.304%)          
12/15/2053 (L)   650,000    694,688 
Textron Financial Corp. (6.000% to          
02/15/2017, then 3 month          
LIBOR + 1.735%)          
02/15/2067 (S)   2,800,000    1,991,500 
Textron, Inc.          
7.250%, 10/01/2019   245,000    280,685 
The Dun & Bradstreet Corp.          
4.375%, 12/01/2022   700,000    729,761 
Trinity Industries, Inc.          
4.550%, 10/01/2024   869,000    864,646 
TTX Company          
4.200%, 07/01/2046 (S)   700,000    747,332 
Tutor Perini Corp.          
7.625%, 11/01/2018 (L)   580,000    582,900 
Tyco Electronics Group SA          
2.375%, 12/17/2018   980,000    997,264 
4.875%, 01/15/2021   500,000    553,342 

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Industrials (continued)          
UAL 2009-1 Pass Through Trust          
10.400%, 05/01/2018  $34,471   $34,512 
UAL 2009-2A Pass Through Trust          
9.750%, 07/15/2018   60,803    62,213 
Union Pacific Corp.          
4.163%, 07/15/2022   1,137,000    1,277,556 
United Airlines 2014-2 Class A Pass          
Through Trust          
3.750%, 03/03/2028   631,356    664,502 
United Airlines 2014-2 Class B Pass          
Through Trust          
4.625%, 03/03/2024   556,100    564,441 
United Airlines 2016-1 Class A Pass          
Through Trust          
3.450%, 01/07/2030   345,000    359,663 
United Rentals North America, Inc.          
5.500%, 07/15/2025   390,000    399,750 
5.750%, 11/15/2024   335,000    347,563 
US Airways 2010-1 Class A Pass          
Through Trust          
6.250%, 10/22/2024   409,709    463,996 
Verisk Analytics, Inc.          
4.000%, 06/15/2025   910,000    966,816 
XPO Logistics, Inc.          
6.500%, 06/15/2022 (S)   730,000    763,763 
         35,459,149 
Information technology - 1.6%          
Activision Blizzard, Inc.          
3.400%, 09/15/2026 (S)   540,000    542,660 
6.125%, 09/15/2023 (S)   530,000    582,338 
Ancestry.com Holdings LLC, PIK          
9.625%, 10/15/2018 (S)   210,000    212,625 
Ancestry.com, Inc.          
11.000%, 12/15/2020   285,000    304,950 
Diamond 1 Finance Corp.          
6.020%, 06/15/2026 (S)   1,185,000    1,299,854 
7.125%, 06/15/2024 (S)   120,000    131,977 
eBay, Inc.          
2.500%, 03/09/2018   360,000    365,081 
3.800%, 03/09/2022   520,000    556,119 
Electronic Arts, Inc.          
4.800%, 03/01/2026   1,020,000    1,123,911 
Fiserv, Inc.          
3.850%, 06/01/2025   614,000    664,219 
Hughes Satellite Systems Corp.          
5.250%, 08/01/2026 (S)   120,000    118,500 
Jabil Circuit, Inc.          
4.700%, 09/15/2022   364,000    381,610 
Lam Research Corp.          
3.900%, 06/15/2026   225,000    234,423 
Match Group, Inc.          
6.375%, 06/01/2024   320,000    347,200 
Micron Technology, Inc.          
5.875%, 02/15/2022 (L)   415,000    425,894 
7.500%, 09/15/2023 (S)   200,000    222,148 
Microsoft Corp.          
4.450%, 11/03/2045   750,000    854,713 
Open Text Corp.          
5.875%, 06/01/2026 (S)   160,000    167,400 
Qorvo, Inc.          
6.750%, 12/01/2023   235,000    253,506 
7.000%, 12/01/2025   205,000    222,169 

 

The accompanying notes are an integral part of the financial statements.  
14

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Information technology (continued)          
QUALCOMM, Inc.          
3.450%, 05/20/2025  $500,000   $532,792 
Sixsigma Networks Mexico SA de CV          
8.250%, 11/07/2021 (S)   305,000    296,613 
VeriSign, Inc.          
5.250%, 04/01/2025   400,000    420,000 
Visa, Inc.          
3.150%, 12/14/2025   670,000    708,171 
4.300%, 12/14/2045   544,000    630,369 
Western Digital Corp.          
7.375%, 04/01/2023 (S)   360,000    395,100 
Zebra Technologies Corp.          
7.250%, 10/15/2022 (L)   335,000    363,475 
         12,357,817 
Materials - 1.7%          
Alcoa, Inc.          
5.125%, 10/01/2024   535,000    569,106 
5.720%, 02/23/2019   560,000    599,900 
Allegheny Technologies, Inc.          
9.375%, 06/01/2019   720,000    770,400 
Anglo American Capital PLC          
4.125%, 09/27/2022 (S)   400,000    396,000 
Bemis Company, Inc.          
3.100%, 09/15/2026   500,000    504,565 
Boise Cascade Company          
5.625%, 09/01/2024 (S)   110,000    111,650 
Braskem Finance, Ltd.          
7.000%, 05/07/2020 (S)   585,000    643,500 
Cascades, Inc.          
5.500%, 07/15/2022 (S)   331,000    336,379 
Cemex SAB de CV          
6.125%, 05/05/2025 (L)(S)   400,000    411,000 
Commercial Metals Company          
7.350%, 08/15/2018   320,000    345,600 
Eagle Materials, Inc.          
4.500%, 08/01/2026   80,000    81,114 
Eastman Chemical Company          
4.500%, 01/15/2021   1,000,000    1,090,619 
Freeport-McMoRan, Inc.          
5.450%, 03/15/2043   500,000    405,000 
Incitec Pivot Finance LLC          
6.000%, 12/10/2019 (S)   225,000    243,675 
Methanex Corp.          
5.650%, 12/01/2044   450,000    390,488 
Norbord, Inc.          
6.250%, 04/15/2023 (S)   315,000    334,688 
NOVA Chemicals Corp.          
5.000%, 05/01/2025 (S)   610,000    617,625 
Novelis Corp.          
5.875%, 09/30/2026 (S)   100,000    102,375 
Platform Specialty Products Corp.          
6.500%, 02/01/2022 (S)   680,000    661,300 
Rain CII Carbon LLC          
8.250%, 01/15/2021 (S)   455,000    443,625 
The Chemours Company          
6.625%, 05/15/2023   459,000    448,673 
The Dow Chemical Company          
3.000%, 11/15/2022   270,000    280,535 
4.125%, 11/15/2021   1,000,000    1,094,283 
The Mosaic Company          
4.250%, 11/15/2023   600,000    638,357 
The Valspar Corp.          
4.200%, 01/15/2022   1,000,000    1,070,337 

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Materials (continued)          
Vale Overseas, Ltd.          
6.250%, 08/10/2026  $251,000   $262,220 
         12,853,014 
Real estate - 2.7%          
American Tower Corp.          
3.400%, 02/15/2019   380,000    394,812 
4.700%, 03/15/2022   375,000    416,846 
5.900%, 11/01/2021   800,000    933,220 
AvalonBay Communities, Inc.          
5.700%, 03/15/2017   750,000    763,997 
Columbia Property Trust Operating          
Partnership LP          
4.150%, 04/01/2025   600,000    627,323 
Crown Castle International Corp.          
4.450%, 02/15/2026   495,000    543,965 
Crown Castle Towers LLC          
4.883%, 08/15/2040 (S)   495,000    541,008 
6.113%, 01/15/2040 (S)   620,000    687,115 
DDR Corp.          
3.500%, 01/15/2021   650,000    674,091 
EPR Properties          
5.750%, 08/15/2022   500,000    554,701 
Equity Commonwealth          
5.875%, 09/15/2020   700,000    777,226 
ERP Operating LP          
3.375%, 06/01/2025   300,000    313,316 
Healthcare Realty Trust, Inc.          
5.750%, 01/15/2021   1,000,000    1,136,035 
Healthcare Trust of America Holdings LP          
3.500%, 08/01/2026   500,000    505,902 
Highwoods Realty LP          
5.850%, 03/15/2017   240,000    244,313 
Iron Mountain, Inc.          
5.750%, 08/15/2024   555,000    570,263 
6.000%, 08/15/2023   525,000    560,438 
Kimco Realty Corp.          
6.875%, 10/01/2019   755,000    865,589 
Liberty Property LP          
5.500%, 12/15/2016   800,000    806,494 
MPT Operating Partnership LP          
6.375%, 02/15/2022   295,000    307,538 
National Retail Properties, Inc.          
3.300%, 04/15/2023   660,000    675,955 
Omega Healthcare Investors, Inc.          
4.500%, 01/15/2025   430,000    437,679 
4.950%, 04/01/2024   925,000    972,821 
5.250%, 01/15/2026   260,000    277,365 
Piedmont Operating Partnership LP          
4.450%, 03/15/2024   500,000    521,928 
Realty Income Corp.          
5.375%, 09/15/2017   1,250,000    1,294,043 
SL Green Realty Corp.          
7.750%, 03/15/2020   775,000    902,239 
Ventas Realty LP          
3.500%, 02/01/2025   825,000    851,617 
3.750%, 05/01/2024   190,000    199,829 
VEREIT Operating Partnership LP          
4.600%, 02/06/2024   542,000    563,680 
Vornado Realty LP          
5.000%, 01/15/2022   650,000    714,581 
Weingarten Realty Investors          
3.375%, 10/15/2022   1,050,000    1,080,619 

 

The accompanying notes are an integral part of the financial statements.  
15

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Real estate (continued)          
Welltower, Inc.          
3.750%, 03/15/2023  $250,000   $262,649 
         20,979,197 
Telecommunication services - 1.9%          
AT&T, Inc.          
4.350%, 06/15/2045   285,000    280,863 
4.750%, 05/15/2046   410,000    431,297 
CC Holdings GS V LLC          
3.849%, 04/15/2023   470,000    503,588 
CenturyLink, Inc.          
7.600%, 09/15/2039   1,000,000    870,000 
Cincinnati Bell, Inc.          
7.000%, 07/15/2024 (S)   100,000    102,500 
Columbus Cable Barbados, Ltd.          
7.375%, 03/30/2021 (S)   200,000    212,200 
Comcel Trust          
6.875%, 02/06/2024 (S)   700,000    719,740 
CSC Holdings LLC          
5.500%, 04/15/2027 (S)   230,000    235,175 
Deutsche Telekom International          
Finance BV          
8.750%, 06/15/2030   758,000    1,179,076 
Digicel Group, Ltd.          
8.250%, 09/30/2020 (S)   395,000    343,156 
Digicel, Ltd.          
6.750%, 03/01/2023 (S)   360,000    320,400 
Frontier Communications Corp.          
8.875%, 09/15/2020   445,000    480,044 
GCI, Inc.          
6.875%, 04/15/2025   345,000    353,625 
Millicom International Cellular SA          
4.750%, 05/22/2020 (S)   420,000    424,746 
6.625%, 10/15/2021 (S)   375,000    390,938 
MTN Mauritius Investments, Ltd.          
4.755%, 11/11/2024 (S)   140,000    135,450 
SBA Tower Trust          
3.598%, 04/15/2043 (S)   320,000    321,073 
Sprint Capital Corp.          
6.875%, 11/15/2028   400,000    376,500 
T-Mobile USA, Inc.          
6.125%, 01/15/2022   350,000    371,875 
6.250%, 04/01/2021   330,000    346,294 
Telecom Italia Capital SA          
7.200%, 07/18/2036   325,000    346,125 
Verizon Communications, Inc.          
4.272%, 01/15/2036   1,311,000    1,368,719 
4.400%, 11/01/2034   400,000    424,061 
4.522%, 09/15/2048   978,000    1,036,822 
4.672%, 03/15/2055   815,000    857,323 
4.862%, 08/21/2046   1,225,000    1,375,568 
5.012%, 08/21/2054   696,000    770,668 
6.550%, 09/15/2043   41,000    55,560 
Wind Acquisition Finance SA          
7.375%, 04/23/2021 (S)   310,000    324,338 
         14,957,724 
Utilities - 1.7%          
Arizona Public Service Company          
5.500%, 09/01/2035   1,118,000    1,416,818 
Beaver Valley II Funding Corp.          
9.000%, 06/01/2017 (L)   48,000    50,490 
BVPS II Funding Corp.          
8.890%, 06/01/2017   5,000    5,103 

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Utilities (continued)          
CenterPoint Energy Houston Electric LLC          
6.950%, 03/15/2033  $535,000   $765,946 
Electricite de France SA          
3.625%, 10/13/2025 (S)   375,000    394,541 
Electricite de France SA (5.250% to          
01/29/2023, then 10 Year U.S. Swap          
Rate + 3.709%)          
01/29/2023 (Q)(S)   450,000    439,920 
Empresa Electrica Angamos SA          
4.875%, 05/25/2029 (S)   405,000    397,961 
Entergy Corp.          
4.700%, 01/15/2017   1,000,000    1,006,276 
Israel Electric Corp., Ltd.          
5.625%, 06/21/2018 (S)   390,000    412,035 
6.875%, 06/21/2023 (S)   170,000    203,575 
7.250%, 01/15/2019 (S)   350,000    388,500 
NextEra Energy Capital Holdings, Inc.          
2.300%, 04/01/2019   335,000    340,293 
NiSource Finance Corp.          
6.400%, 03/15/2018   268,000    286,093 
NRG Energy, Inc.          
6.250%, 05/01/2024   845,000    857,675 
6.625%, 01/15/2027 (S)   435,000    426,300 
NRG Yield Operating LLC          
5.375%, 08/15/2024   1,320,000    1,356,300 
Oncor Electric Delivery Company LLC          
4.100%, 06/01/2022   750,000    829,228 
PPL Capital Funding, Inc.          
3.400%, 06/01/2023   1,160,000    1,225,514 
PSEG Power LLC          
8.625%, 04/15/2031   736,000    963,784 
Southern California Edison Company          
(6.250% to 02/01/2022, then 3 month          
LIBOR + 4.199%)          
02/01/2022 (Q)   280,000    310,800 
TransAlta Corp.          
6.900%, 05/15/2018   1,157,000    1,209,567 
W3A Funding Corp.          
8.090%, 01/02/2017   94,564    94,564 
         13,381,283 
TOTAL CORPORATE BONDS (Cost $318,316,183)       $334,746,714 
           
CAPITAL PREFERRED SECURITIES - 0.6%          
Financials - 0.6%          
BAC Capital Trust XIV, Series G          
4.000%, 10/17/2016 (P)(Q)   640,000    520,800 
Goldman Sachs Capital II          
4.000%, 10/31/2016 (P)(Q)   36,000    29,340 
MetLife Capital Trust X (9.250% to          
04/08/2033, then 3 month          
LIBOR + 5.540%)          
04/08/2068 (S)   315,000    453,191 
Sovereign Capital Trust VI          
7.908%, 06/13/2036   335,000    331,762 
State Street Capital Trust IV          
1.652%, 06/01/2077 (P)   560,000    481,600 
SunTrust Preferred Capital I          
4.000%, 10/31/2016 (P)(Q)   425,000    344,250 
USB Capital IX          
3.500%, 10/31/2016 (P)(Q)   1,045,000    894,781 

 

The accompanying notes are an integral part of the financial statements.

16

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CAPITAL PREFERRED SECURITIES (continued)          
Financials (continued)          
ZFS Finance USA Trust V (6.500% to          
05/09/2017, then 3 month          
LIBOR + 2.285%)          
05/09/2067 (S)  $1,665,000   $1,680,734 
         4,736,458 
TOTAL CAPITAL PREFERRED          
SECURITIES (Cost $4,643,630)       $4,736,458 
           
CONVERTIBLE BONDS - 0.0%          
Utilities - 0.0%          
NRG Yield, Inc. 3.250%, 06/01/2020 (S)   285,000    279,122 
TOTAL CONVERTIBLE BONDS (Cost $285,000)       $279,122 
           
TERM LOANS (M) - 0.1%          
Industrials - 0.1%          
Delta Air Lines, Inc. 3.250%, 10/18/2018   231,796    233,026 
WP CPP Holdings LLC          
4.500%, 12/28/2019   240,625    235,512 
         468,538 
Utilities - 0.0%          
ExGen Texas Power LLC          
5.750%, 09/16/2021   401,686    326,872 
TOTAL TERM LOANS (Cost $869,857)       $795,410 
           
MUNICIPAL BONDS - 0.4%          
New Jersey State Turnpike Authority          
7.414%, 01/01/2040   1,885,000    2,958,093 
TOTAL MUNICIPAL BONDS (Cost $2,068,957)       $2,958,093 
           
COLLATERALIZED MORTGAGE          
OBLIGATIONS - 15.8%          
Commercial and residential - 12.3%          
Adjustable Rate Mortgage Trust,          
Series 2005-4, Class 7A12          
1.104%, 08/25/2035 (P)   269,393    260,136 
American Home          
Mortgage Investment Trust          
Series 2005-1, Class 1A1,          
0.928%, 06/25/2045 (P)   482,305    463,565 
Series 2005-1, Class AHM,          
3.032%, 06/25/2045 (P)   232,589    228,937 
Series 2004-4, Class 5A,          
2.905%, 02/25/2045 (P)   480,919    481,426 
Americold 2010 LLC Trust          
Series 2010-ARTA, Class C,          
6.811%, 01/14/2029 (S)   1,350,000    1,517,733 
Series 2010-ARTA, Class D,          
7.443%, 01/14/2029 (S)   2,130,000    2,376,177 
AOA Mortgage Trust, Series 2015-1177,          
Class C 3.110%, 12/13/2029 (P)(S)   545,000    549,588 
BAMLL Commercial          
Mortgage Securities Trust          
Series 2013-DSNY, Class E,          
3.034%, 09/15/2026 (P)(S)   320,000    318,126 
Series 2015-200P, Class F,          
3.716%, 04/14/2033 (P)(S)   450,000    409,567 
Banc of America          
Commercial Mortgage Trust          
Series 2006-6, Class AJ,          
5.421%, 10/10/2045   260,000    259,678 

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
Commercial and residential (continued)          
Banc of America Commercial          
Mortgage Trust (continued)          
Series 2006-6, Class AM,          
5.390%, 10/10/2045  $1,350,000   $1,350,140 
Series 2007-3, Class AJ,          
5.539%, 06/10/2049 (P)   500,000    501,409 
Series 2007-3, Class AM,          
5.539%, 06/10/2049 (P)   1,000,000    1,020,645 
Series 2007-3, Class AMF,          
5.317%, 06/10/2049   1,000,000    1,015,338 
Series 2007-3, Class B,          
5.723%, 06/10/2049 (P)   200,000    199,227 
Series 2007-4, Class AM,          
5.808%, 02/10/2051 (P)   610,000    628,954 
Banc of America Merrill Lynch          
Commercial Mortgage, Inc.,          
Series 2005-5, Class XC IO          
0.036%, 10/10/2045 (S)   18,564,295    5,250 
Banc of America Mortgage Trust,          
Series 2003-I, Class 2A6          
2.984%, 10/25/2033 (P)   723,819    732,435 
Bayview Commercial Asset Trust          
Series 2005-1A, Class A2,          
0.796%, 04/25/2035 (P)(S)   519,970    477,815 
Series 2005-4A , Class A2,          
0.836%, 01/25/2036 (P)(S)   275,446    238,221 
Series 2006-2A, Class A2,          
0.726%, 07/25/2036 (P)(S)   428,490    374,929 
BBCMS Trust          
Series 2015, Class C,          
2.443%, 02/15/2028 (P)(S)   300,000    295,260 
Series 2015-MSQ, Class D,          
4.123%, 09/15/2022 (P)(S)   620,000    646,795 
Bear Stearns ALT-A Trust          
Series 2005-5, Class 1A4,          
1.084%, 07/25/2035 (P)   296,338    280,762 
Series 2005-7, Class 11A1,          
1.064%, 08/25/2035 (P)   488,011    469,731 
Bear Stearns Asset          
Backed Securities Trust          
Series 2004-AC5, Class A1,          
5.250%, 10/25/2034 (P)   503,110    499,478 
Series 2003-AC4, Class A,          
5.500%, 09/25/2033 (P)   749,389    756,301 
Bear Stearns Commercial          
Mortgage Securities Trust          
Series 2004-PWR5, Class X1 IO,          
0.716%, 07/11/2042 (S)   1,995,840    26,119 
Series 2004-T16, Class X1 IO,          
0.505%, 02/13/2046 (S)   1,568,706    8,700 
Bear Stearns Mortgage Funding Trust,          
Series 2006-AR4, Class A1          
0.656%, 12/25/2036 (P)   938,323    771,531 
BHMS Mortgage Trust          
Series 2014-ATLS, Class CFX,          
4.690%, 07/05/2033 (P)(S)   500,000    499,359 
Series 2014-ATLS, Class DFL,          
3.523%, 07/05/2033 (P)(S)   545,000    524,650 
BLCP Hotel Trust, Series 2014-CLRN,          
Class D 2.942%, 08/15/2029 (P)(S)   605,000    595,129 

 

The accompanying notes are an integral part of the financial statements.

17

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
Commercial and residential (continued)          
BWAY Mortgage Trust          
Series 2013-1515, Class F,          
4.058%, 03/10/2033 (P)(S)  $655,000   $628,795 
Series 2015-1740, Class D,          
3.787%, 01/13/2035 (P)(S)   450,000    447,165 
Series 2015-1740, Class XA IO,          
1.023%, 01/13/2035 (S)   9,945,000    458,962 
BXHTL Mortgage Trust          
Series 2015-JWRZ, Class DR2,          
4.124%, 05/15/2029 (P)(S)   555,000    530,998 
Series 2015-JWRZ, Class GL1,          
3.285%, 05/15/2029 (P)(S)   500,000    492,477 
Series 2015-JWRZ, Class GL2,          
4.131%, 05/15/2029 (P)(S)   445,000    435,238 
CDGJ Commercial Mortgage Trust,          
Series 2014-BXCH, Class DPA          
3.442%, 12/15/2027 (P)(S)   631,511    624,778 
CGBAM Commercial Mortgage Trust,          
Series 2015-SMRT, Class F          
3.912%, 04/10/2028 (P)(S)   395,000    377,300 
CGGS Commercial Mortgage Trust,          
Series 2016-RNDA, Class DFX          
4.387%, 02/10/2021 (S)   670,000    689,416 
CHL Mortgage Pass Through Trust,          
Series 2004-HYB2, Class 4A          
2.976%, 07/20/2034 (P)   957,267    954,017 
Commercial Mortgage Trust (Cantor          
Fitzgerald/Deutsche Bank)          
Series 2014-CR15, Class C,          
4.763%, 02/10/2047 (P)   800,000    857,409 
Series 2015-CR27, Class B,          
4.510%, 10/10/2058 (P)   325,000    351,701 
Commercial Mortgage Trust          
(Citigroup/Deutsche Bank AG),          
Series 2007-CD4, Class AMFX          
5.366%, 12/11/2049 (P)   750,000    757,150 
Commercial Mortgage Trust          
(Deutsche Bank)          
Series 2007-C9, Class G,          
5.813%, 12/10/2049 (P)(S)   400,000    376,413 
Series 2012-CR3, Class XA IO,          
2.254%, 10/15/2045   15,290,747    1,248,996 
Series 2012-LC4, Class B,          
4.934%, 12/10/2044 (P)   275,000    307,748 
Series 2012-LC4, Class XA IO,          
2.378%, 12/10/2044 (S)   5,403,873    454,506 
Series 2013-300P, Class D,          
4.540%, 08/10/2030 (P)(S)   435,000    457,995 
Series 2013-300P, Class E,          
4.394%, 08/10/2030 (P)(S)   700,000    683,730 
Series 2013-CR11, Class B,          
5.330%, 10/10/2046 (P)   725,000    833,771 
Series 2013-CR13, Class C,          
4.909%, 12/10/2023 (P)   435,000    471,375 
Series 2013-CR6, Class XA IO,          
1.624%, 03/10/2046   4,693,907    196,146 
Series 2013-LC13, Class B,          
5.009%, 08/10/2046 (P)(S)   480,000    546,797 
Series 2014-FL4, Class D,          
2.897%, 07/13/2031 (P)(S)   695,000    675,973 
Series 2014-LC15, Class C,          
4.944%, 04/10/2047 (P)   400,000    427,039 

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
Commercial and residential (continued)          
Commercial Mortgage Trust (Deutsche          
Bank) (continued)          
Series 2014-TWC, Class D,          
2.685%, 02/13/2032 (P)(S)  $485,000   $478,079 
Commercial Mortgage Trust (Deutsche          
Bank/Morgan Stanley),          
Series 2014-PAT, Class D          
2.585%, 08/13/2027 (P)(S)   605,000    595,507 
Commercial Mortgage Trust (Deutsche          
Bank/UBS), Series 2014-UBS2,          
Class XA IO 1.404%, 03/10/2047   5,142,312    349,122 
Commercial Mortgage Trust (Wells Fargo)          
Series 2012-CR2, Class XA IO,          
1.901%, 08/15/2045   11,059,843    859,102 
Series 2014-CR15, Class XA IO,          
1.460%, 02/10/2047   15,805,395    796,299 
Series 2014-CR16, Class C,          
5.068%, 04/10/2047 (P)   935,000    1,013,241 
Core Industrial Trust, Series 2015-CALW,          
Class F 3.850%, 02/10/2034 (P)(S)   420,000    417,897 
Credit Suisse Commercial Mortgage Trust          
Series 2007-C3, Class AM,          
5.700%, 06/15/2039 (P)   500,000    503,227 
Series 2008-C1, Class AJ,          
6.065%, 02/15/2041 (P)(S)   400,000    361,896 
Credit Suisse First Boston Mortgage          
Securities Corp., Series 2005-C1,          
Class AX IO 0.595%, 02/15/2038 (S)   2,194,308    1,832 
Deutsche Bank Commercial          
Mortgage Trust, Series 2016-C3,          
Class C 3.636%, 09/10/2049 (P)   180,000    175,409 
Deutsche Mortgage Securities, Inc.          
Mortgage Loan Trust, Series 2004-4,          
Class 2AR1 1.028%, 06/25/2034 (P)   218,262    207,558 
DSLA Mortgage Loan Trust,          
Series 2004-AR3, Class 2A2B          
0.889%, 07/19/2044 (P)   974,456    885,187 
FREMF Mortgage Trust          
Series 2011-K10, Class B,          
4.631%, 11/25/2049 (P)(S)   1,000,000    1,086,255 
Series 2011-K11, Class B,          
4.572%, 12/25/2048 (P)(S)   875,000    942,264 
GAHR Commercial Mortgage Trust          
Series 2015-NRF, Class DFX,          
3.495%, 12/15/2034 (P)(S)   325,000    326,701 
Series 2015-NRF, Class EFX,          
3.495%, 12/15/2034 (P)(S)   525,000    514,498 
GE Capital Commercial Mortgage Corp.,          
Series 2005-C1, Class XC IO          
0.008%, 06/10/2048 (S)   4,466,862    1 
GE Commercial Mortgage Corp. Trust,          
Series 2007-C1, Class AM          
5.606%, 12/10/2049 (P)   400,000    395,967 
Great Wolf Trust, Series 2015-WOLF,          
Class D 3.934%, 05/15/2034 (P)(S)   765,000    757,326 
Greenwich Capital          
Commercial Funding Corp.          
Series 2006-GG7, Class AM,          
5.921%, 07/10/2038 (P)   327,860    327,526 
Series 2007-GG11, Class AJ,          
6.032%, 12/10/2049 (P)   620,000    620,032 

 

The accompanying notes are an integral part of the financial statements.

18

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
Commercial and residential (continued)          
GS Mortgage Securities Trust          
Series 2012-GC17, Class XA IO,          
2.658%, 05/10/2045  $9,630,625   $768,020 
Series 2013-GC10, Class C,          
4.285%, 02/10/2046 (P)(S)   859,800    901,017 
Series 2014-NEW, Class C,          
3.790%, 01/10/2031 (S)   230,000    232,948 
Series 2014-NEW, Class D,          
3.790%, 01/10/2031 (S)   1,000,000    1,004,934 
Series 2015-590M, Class C,          
3.932%, 10/10/2035 (P)(S)   580,000    581,982 
Series 2016-ICE2, Class D,          
6.192%, 03/15/2033 (P)(S)   575,000    576,484 
Series 2016-RENT, Class D,          
4.202%, 02/10/2029 (P)(S)   610,000    609,836 
Series 2005-GG4, Class XC IO,          
0.673%, 07/10/2039 (S)   2,753,268    1,928 
HarborView Mortgage Loan Trust          
Series 2005-11, Class X IO,          
2.236%, 08/19/2045   2,001,833    129,287 
Series 2005-9, Class 2A1C,          
0.888%, 06/20/2035 (P)   404,868    367,775 
Series 2007-3, Class ES IO,          
0.350%, 05/19/2047 (S)   21,617,801    340,113 
Series 2007-4, Class ES IO,          
0.350%, 07/19/2047   22,796,917    333,838 
Series 2007-6, Class ES IO,          
0.342%, 08/19/2037 (S)   17,712,075    227,334 
HILT Mortgage Trust, Series 2014-ORL,          
Class D 2.584%, 07/15/2029 (P)(S)   560,000    542,621 
Hilton USA Trust          
Series 2013-HLF, Class EFL,          
4.186%, 11/05/2030 (P)(S)   382,633    382,820 
Series 2013-HLT, Class DFX,          
4.406%, 11/05/2030 (S)   737,000    737,155 
Series 2013-HLT, Class EFX,          
4.453%, 11/05/2030 (P)(S)   500,000    500,767 
Hudsons Bay Simon JV Trust,          
Series 2015-HBFL, Class DFL          
4.173%, 08/05/2034 (P)(S)   440,000    434,243 
Impac Secured Assets CMN Owner Trust,          
Series 2004-4, Class M2          
1.334%, 02/25/2035 (P)   430,000    395,994 
Impac Secured Assets Trust,          
Series 2006-5, Class 2A          
0.646%, 12/25/2036 (P)   315,838    283,919 
IndyMac Index Mortgage Loan Trust          
Series 2005-AR12, Class AX2 IO,          
2.261%, 07/25/2035   8,175,837    629,212 
Series 2005-AR8, Class AX2 IO,          
2.267%, 05/25/2035   8,607,648    620,994 
Series 2005-AR18, Class 1X IO,          
2.088%, 10/25/2036   3,054,383    266,750 
Series 2005-AR18, Class 2X IO,          
1.818%, 10/25/2036   3,666,483    228,696 
Irvine Core Office Trust, Series 2013-IRV,          
Class XA IO 1.105%, 05/15/2048 (S)   15,999,480    589,893 
JPMBB Commercial          
Mortgage Securities Trust          
Series 2013-C14, Class XA IO,          
0.950%, 08/15/2046   11,302,703    325,522 

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
Commercial and residential (continued)          
JPMBB Commercial Mortgage          
Securities Trust (continued)          
Series 2014-C19, Class C,          
4.830%, 04/15/2047 (P)  $820,000   $859,533 
JPMorgan Chase Commercial          
Mortgage Securities Trust          
Series 2006-CB17, Class AM,          
5.464%, 12/12/2043   300,000    300,405 
Series 2006-LDP8, Class X IO,          
0.454%, 05/15/2045   8,075,077    71 
Series 2007-LD12, Class AM,          
6.203%, 02/15/2051 (P)   885,000    909,371 
Series 2011-C3A, Class XA IO,          
1.046%, 02/15/2046 (S)   18,687,281    545,472 
Series 2011-C4, Class XA IO,          
1.366%, 07/15/2046 (S)   22,920,250    683,791 
Series 2012-HSBC, Class XA IO,          
1.582%, 07/05/2032 (S)   11,850,000    868,605 
Series 2014-FL5, Class C,          
2.534%, 07/15/2031 (P)(S)   720,000    708,518 
Series 2014-INN, Class F,          
4.442%, 06/15/2029 (P)(S)   500,000    480,833 
Series 2014-PHH, Class C,          
2.534%, 08/15/2027 (P)(S)   885,000    880,877 
Series 2015-MAR7, Class C,          
4.490%, 06/05/2032 (S)   635,000    641,325 
Series 2015-SGP, Class B,          
3.192%, 07/15/2036 (P)(S)   525,000    525,920 
Series 2016-JP3, Class C,          
3.483%, 09/15/2026 (P)   244,000    236,888 
LB-UBS Commercial Mortgage Trust          
Series 2006-C4, Class AJ,          
5.937%, 06/15/2038 (P)   17,671    17,660 
Series 2007-C1, Class AJ,          
5.484%, 02/15/2040   500,000    501,131 
Series 2007-C7, Class AJ,          
6.241%, 09/15/2045 (P)   300,000    301,719 
Series 2005-C1, Class XCL IO,          
0.302%, 02/15/2040 (S)   1,230,965    4,124 
MASTR Adjustable Rate Mortgages Trust          
Series 2004-11, Class M2,          
1.624%, 11/25/2034 (P)   510,000    495,119 
Series 2004-13, Class 2A1,          
2.850%, 04/21/2034 (P)   369,051    377,243 
Series 2004-8, Class 5A1,          
2.760%, 08/25/2034 (P)   779,180    770,223 
MASTR Alternative Loan Trust          
Series 2004-4, Class 8A1,          
6.500%, 05/25/2034   477,338    488,485 
Series 2005-2, Class 4A3,          
0.924%, 03/25/2035 (P)   255,200    242,325 
Merrill Lynch Mortgage Investors Trust          
Series 2005-2, Class 1A,          
1.904%, 10/25/2035 (P)   420,030    405,101 
Series 2005-A, Class A1,          
0.985%, 03/25/2030 (P)   44,165    42,704 
Merrill Lynch Mortgage Trust          
Series 2008-C1, Class X IO,          
0.360%, 02/12/2051 (S)   28,420,552    87,535 
Series 2005-CIP1, Class XC IO,          
0.033%, 07/12/2038 (S)   12,206,771    1 

 

The accompanying notes are an integral part of the financial statements.

19

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
Commercial and residential (continued)          
Merrill Lynch Mortgage Trust (continued)          
Series 2006-C2, Class X IO,          
0.547%, 08/12/2043 (S)  $4,482,192   $508 
Merrill Lynch/Countrywide          
Commercial Mortgage Trust          
Series 2007-5, Class AM,          
5.419%, 08/12/2048   1,260,000    1,270,571 
Series 2007-6, Class AM,          
5.526%, 03/12/2051 (P)   975,000    986,632 
Morgan Stanley Bank of America          
Merrill Lynch Trust          
Series 2012-C5, Class XA IO,          
1.732%, 08/15/2045 (S)   13,736,649    796,235 
Series 2012-C6, Class XA IO,          
2.065%, 11/15/2045 (S)   10,969,463    711,092 
Series 2013-C7, Class C,          
4.315%, 02/15/2046 (P)   325,000    331,599 
Series 2013-C7, Class XA IO,          
1.628%, 02/15/2046   14,279,106    915,942 
Series 2014-C18, Class 300D,          
5.279%, 08/15/2031   345,000    356,051 
Morgan Stanley Capital I Trust          
Series 2007-IQ14, Class AM,          
5.681%, 04/15/2049 (P)   825,000    797,974 
Series 2011-C3, Class XA IO,          
1.126%, 07/15/2049 (S)   12,098,819    355,953 
Series 2012-C4, Class AS,          
3.773%, 03/15/2045   2,371,500    2,530,330 
Series 2014-150E, Class D,          
4.295%, 09/09/2032 (P)(S)   1,155,000    1,187,235 
Series 2015, Class XLF1 C,          
2.634%, 08/14/2031 (P)(S)   405,000    403,256 
Series 2005-IQ9, Class X1 IO,          
1.382%, 07/15/2056 (S)   5,088,572    40,622 
Series 2005-T17, Class X1 IO,          
0.940%, 12/13/2041 (S)   1,828,861    13,301 
MortgageIT Trust, Series 2005-2,          
Class 1A2 0.854%, 05/25/2035 (P)   289,745    274,194 
Multi Security Asset Trust,          
Series 2005-RR4A, Class F          
5.880%, 11/28/2035 (P)(S)   580,000    562,542 
Opteum Mortgage Acceptance Corp.          
Asset Backed Pass-Through Certificates          
Series 2005-2, Class M2,          
0.974%, 04/25/2035 (P)   520,000    505,684 
Series 2005-3, Class APT,          
0.814%, 07/25/2035 (P)   329,858    322,240 
Residential Accredit Loans, Inc.          
Series 2005-QO4, Class XIO IO,          
2.344%, 12/25/2045   4,156,816    447,784 
Series 2004-QS16, Class 1A1,          
5.500%, 12/25/2034   14,396    14,387 
Sequoia Mortgage Trust, Series 2005-3,          
Class A1 0.638%, 05/20/2035 (P)   136,013    124,071 
Structured Asset Securities Corp.,          
Series 1998-RF2, Class A          
6.033%, 07/15/2027 (P)(S)   99,305    96,983 
TMSQ Mortgage Trust, Series 2011-1500,          
Class D 3.963%, 10/10/2036 (P)(S)   415,000    416,601 
UBS Commercial Mortgage Trust,          
Series 2012-C1, Class B          
4.822%, 05/10/2045   375,000    407,740 

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
Commercial and residential (continued)          
UBS-Barclays Commercial          
Mortgage Trust, Series 2012-C2,          
Class XA IO 1.806%, 05/10/2063 (S)  $12,463,310   $665,105 
VNDO Mortgage Trust,          
Series 2013-PENN, Class D          
3.947%, 12/13/2029 (P)(S)   709,000    729,966 
Wachovia Bank          
Commercial Mortgage Trust          
Series 2007-C30, Class AJ,          
5.413%, 12/15/2043 (P)   500,000    500,841 
Series 2007-C31, Class AJ,          
5.660%, 04/15/2047 (P)   400,000    400,412 
Series 2007-C31, Class AM,          
5.591%, 04/15/2047 (P)   930,000    942,455 
Series 2005-C17, Class XC IO,          
0.363%, 03/15/2042 (S)   724,019    2,843 
WaMu Mortgage Pass          
Through Certificates          
Series 2004-AR8, Class A2,          
0.846%, 06/25/2044 (P)   707,069    657,018 
Series 2005-AR19, Class A1A2,          
0.814%, 12/25/2045 (P)   503,067    460,783 
Series 2005-AR2, Class 2A1B,          
0.894%, 01/25/2045 (P)   1,165,659    1,069,709 
Series 2005-AR2, Class 2A3,          
0.874%, 01/25/2045 (P)   286,611    266,268 
Series 2005-AR8, Class 2AB2,          
0.944%, 07/25/2045 (P)   1,333,135    1,209,298 
Series 2005-AR8, Class 2AB3,          
0.806%, 07/25/2045 (P)   672,778    606,709 
Washington Mutual Mortgage Pass          
Through Certificates, Series 2005-1,          
Class 6A1 6.500%, 03/25/2035   306,835    305,252 
Wells Fargo Commercial Mortgage Trust          
Series 2013-120B, Class C,          
2.710%, 03/18/2028 (P)(S)   750,000    737,017 
Series 2013-BTC, Class E,          
3.668%, 04/16/2035 (P)(S)   570,000    532,350 
Series 2015-LC22, Class B,          
4.539%, 09/15/2058 (P)   435,000    492,745 
Wells Fargo Mortgage Backed          
Securities Trust, Series 2005-AR3,          
Class 1A2 2.880%, 03/25/2035 (P)   395,313    392,960 
WF-RBS Commercial Mortgage Trust          
Series 2011-C3, Class XA IO,          
1.405%, 03/15/2044 (S)   17,166,450    795,778 
Series 2012-C10, Class XA IO,          
1.729%, 12/15/2045 (S)   7,452,134    548,771 
Series 2012-C9, Class XA IO,          
2.295%, 11/15/2045 (S)   13,891,223    1,154,943 
Series 2013-C15, Class B,          
4.629%, 08/15/2046 (P)   125,000    139,031 
Series 2013-C16, Class B,          
5.149%, 09/15/2046 (P)   275,000    311,468 
WFCG Commercial Mortgage Trust,          
Series 2015-BXRP, Class D          
3.005%, 11/15/2029 (P)(S)   84,360    82,682 
         94,946,924 
U.S. Government Agency - 3.5%          
Federal Home Loan Mortgage Corp.          
Series 2013-DN2, Class M1,          
1.896%, 11/25/2023 (P)   356,749    358,115 

 

The accompanying notes are an integral part of the financial statements.

20

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (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 2015-DNA1, Class M2,          
2.374%, 10/25/2027 (P)  $560,000   $569,658 
Series 2016-DNA3, Class M2,          
2.670%, 12/25/2028 (P)   280,000    284,690 
Series 2016-HQA2, Class M2,          
2.694%, 11/25/2028 (P)   250,000    256,336 
Series 290, Class IO,          
3.500%, 11/15/2032   3,033,863    441,506 
Series 3387, Class SB IO,          
5.986%, 11/15/2037   2,273,454    441,445 
Series 3632, Class AP,          
3.000%, 02/15/2040   2,196,380    2,289,246 
Series 3830, Class NI IO,          
4.500%, 01/15/2036   2,398,021    128,662 
Series K005, Class AX IO,          
1.367%, 11/25/2019   10,092,297    382,914 
Series K011, Class X1 IO,          
0.293%, 11/25/2020   52,532,962    536,220 
Series K014, Class X1 IO,          
1.212%, 04/25/2021   9,799,891    460,078 
Series K015, Class X1 IO,          
1.624%, 07/25/2021   7,883,808    514,866 
Series K018, Class X1 IO,          
1.544%, 01/25/2022   4,711,946    280,217 
Series K021, Class A2,          
2.396%, 06/25/2022   1,000,000    1,039,697 
Series K021, Class X1 IO,          
1.488%, 06/25/2022   13,168,435    920,675 
Series K022, Class X1 IO,          
1.398%, 07/25/2022   13,421,890    808,027 
Series K026, Class X1 IO,          
1.156%, 11/25/2022   10,944,960    565,536 
Series K705, Class X1 IO,          
1.729%, 09/25/2018   15,110,240    432,919 
Series K707, Class X1 IO,          
1.667%, 12/25/2018   11,100,956    313,884 
Series K710, Class X1 IO,          
1.892%, 05/25/2019   5,116,985    191,977 
Series KAIV, Class X1 IO,          
1.334%, 06/25/2021   24,887,489    1,201,269 
Series KS01, Class X1 IO,          
1.435%, 01/25/2023   7,644,187    458,145 
Series T-41, Class 3A,          
5.853%, 07/25/2032 (P)   79,224    90,340 
Federal National Mortgage Association          
Series 2001-50, Class BA,          
7.000%, 10/25/2041   15,684    18,277 
Series 2010-135, Class TS IO,          
5.574%, 12/25/2040   3,618,814    576,311 
Series 2010-15, Class KA,          
4.000%, 03/25/2039   643,478    668,810 
Series 2011-41, Class KA,          
4.000%, 01/25/2041   768,872    810,681 
Series 2011-86, Class NA,          
4.000%, 01/25/2041   1,385,742    1,428,227 
Series 2012-137, Class WI IO,          
3.500%, 12/25/2032   3,050,600    425,586 
Series 2012-21, Class PA,          
2.000%, 03/25/2041   5,215,526    5,257,466 
Series 2012-38, Class PA,          
2.000%, 09/25/2041   1,498,897    1,512,768 

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
U.S. Government Agency (continued)          
Federal National Mortgage          
Association (continued)          
Series 2012-M5, Class X IO,          
0.603%, 02/25/2022  $19,685,551   $520,527 
Series 2013-M11, Class SA IO,          
6.224%, 01/25/2018   1,420,870    41,012 
Series 2002-W3, Class A5,          
7.500%, 11/25/2041   106,457    124,983 
Government National          
Mortgage Association          
Series 2008-90, Class IO,          
0.761%, 12/16/2050   4,055,425    542,179 
Series 2010-147, Class SA IO,          
5.732%, 05/20/2040   3,312,322    382,786 
Series 2010-85, Class SB IO,          
6.166%, 03/16/2040   3,180,561    569,043 
Series 2012-114, Class IO,          
0.901%, 01/16/2053   2,388,520    153,028 
Series 2012-120, Class IO,          
0.904%, 02/16/2053   12,131,707    698,655 
Series 2012-70, Class IO,          
0.591%, 08/16/2052   8,127,201    262,049 
Series 2016-87, Class IO,          
1.010%, 08/16/2058   2,942,721    240,699 
         27,199,509 
TOTAL COLLATERALIZED MORTGAGE          
OBLIGATIONS (Cost $116,300,018)       $122,146,433 
           
ASSET BACKED SECURITIES - 8.8%          
Aegis Asset Backed Securities Trust,          
Series 2005-4, Class M1          
0.974%, 10/25/2035 (P)   850,000    801,844 
Aircraft Lease Securitisation, Ltd.,          
Series 2007-1A, Class G3          
0.696%, 05/10/2032 (P)(S)   46,446    46,156 
Ally Auto Receivables Trust          
Series 2014-2, Class A4,          
1.840%, 01/15/2020   790,000    797,406 
Series 2015-1, Class A4,          
1.750%, 05/15/2020   620,000    626,713 
Ally Master Owner Trust, Series 2015-3,          
Class A 1.630%, 05/15/2020   655,000    657,761 
Ameriquest Mortgage Securities, Inc.          
Series 2005-R10, Class M1,          
0.935%, 01/25/2036 (P)   900,000    860,735 
Series 2005-R3, Class M2,          
0.994%, 05/25/2035 (P)   485,000    465,224 
Amresco Residential Securities Mortgage          
Loan Trust, Series 1998-1, Class A6          
6.510%, 08/25/2027   1,381    1,471 
Apidos Cinco CDO, Ltd., Series 2007-CA,          
Class D 4.876%, 05/14/2020 (P)(S)   500,000    499,980 
Applebee’s Funding LLC, Series 2014-1,          
Class A2 4.277%, 09/05/2044 (S)   1,395,000    1,417,760 
Arby’s Funding LLC, Series 2015-1A,          
Class A2 4.969%, 10/30/2045 (S)   923,025    941,471 
Argent Securities, Inc.          
Series 2003-W10, Class M1,          
1.568%, 01/25/2034 (P)   162,150    152,051 
Series 2004-W6, Class M1,          
1.349%, 05/25/2034 (P)   91,155    87,259 

 

The accompanying notes are an integral part of the financial statements.

21

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
ASSET BACKED SECURITIES (continued)          
ARL First LLC, Series 2012-1A, Class A2          
3.810%, 12/15/2042 (S)  $900,000   $891,897 
BA Credit Card Trust, Series 2015-A2,          
Class A 1.360%, 09/15/2020   280,000    281,117 
Bank of the West Auto Trust,          
Series 2015-1, Class A4          
1.660%, 09/15/2020 (S)   620,000    623,565 
Battalion CLO, Ltd.          
Series 2007-1A, Class D,          
2.780%, 07/14/2022 (P)(S)   400,000    396,221 
Series 2007-1A, Class E,          
4.880%, 07/14/2022 (P)(S)   200,000    198,437 
BMW Vehicle Owner Trust,          
Series 2016-A, Class A4          
1.600%, 12/27/2022   460,000    461,293 
Business Loan Express SBA Loan Trust,          
Series 2005-1A, Class A          
0.746%, 06/27/2033 (P)(S)   568,645    483,348 
Cabela’s Credit Card Master Note Trust,          
Series 2016-1, Class A1          
1.780%, 06/15/2022   1,150,000    1,152,439 
California Republic          
Auto Receivables Trust          
Series 2014-4, Class A4,          
1.840%, 06/15/2020   595,000    599,805 
Series 2015-2, Class A4,          
1.750%, 01/15/2021   595,000    599,020 
Series 2016-2, Class A4,          
2.140%, 12/15/2021   345,000    347,667 
Capital One Multi-Asset Execution Trust          
Series 2015-A5, Class A5,          
1.600%, 05/17/2021   790,000    796,349 
Series 2016-A3, Class A3,          
1.340%, 04/15/2022   1,260,000    1,262,925 
CarMax Auto Owner Trust          
Series 2015-2, Class A4,          
1.800%, 03/15/2021   440,000    444,871 
Series 2016-1, Class A4,          
1.880%, 06/15/2021   425,000    430,937 
Series 2016-2, Class A4,          
1.680%, 09/15/2021   495,000    498,963 
Centex Home Equity          
Series 2004-D, Class AF4,          
4.680%, 06/25/2032 (P)   60,673    60,778 
Series 2005-A, Class M4,          
1.246%, 01/25/2035 (P)   162,145    113,896 
Chase Issuance Trust          
Series 2015-A2, Class A2,          
1.590%, 02/18/2020   1,125,000    1,131,723 
Series 2016-A2, Class A,          
1.370%, 06/15/2021   1,025,000    1,027,899 
Chrysler Capital Auto Receivables Trust,          
Series 2014-BA, Class A4          
1.760%, 12/16/2019 (S)   410,000    411,646 
Citibank Credit Card Issuance Trust          
Series 2007-A8, Class A8,          
5.650%, 09/20/2019   565,000    589,863 
Series 2014-A8, Class A8,          
1.730%, 04/09/2020   825,000    832,745 
CKE Restaurant Holdings, Inc.,          
Series 2013-1A, Class A2          
4.474%, 03/20/2043 (S)   1,468,625    1,472,411 

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
ASSET BACKED SECURITIES (continued)          
CNH Equipment Trust          
Series 2015-C, Class A3,          
1.660%, 11/16/2020  $895,000   $900,260 
Series 2016-B, Class A3,          
1.630%, 08/16/2021   385,000    387,902 
Conseco Financial Corp., Series 1996-10,          
Class M1 7.240%, 11/15/2028 (P)   512,400    541,484 
ContiMortgage Home Equity Loan Trust,          
Series 1995-2, Class A5          
8.100%, 08/15/2025   7,746    6,001 
Countrywide Asset-Backed          
Certificates Trust, Series 2004-10,          
Class AF5B 5.088%, 02/25/2035 (P)   327,235    328,472 
Credit-Based Asset Servicing          
and Securitization LLC          
Series 2005-CB4, Class M1,          
0.908%, 07/25/2035 (P)   232,414    227,824 
Series 2006-MH1, Class B1,          
5.340%, 10/25/2036 (P)(S)   2,560,000    2,323,392 
Cronos Containers Program, Ltd.,          
Series 2013-1A, Class A          
3.080%, 04/18/2028 (S)   1,185,000    1,150,077 
CSMC Trust, Series 2006-CF2, Class M1          
0.916%, 05/25/2036 (P)(S)   271,984    268,789 
DB Master Finance LLC, Series 2015-1A,          
Class A2II 3.980%, 02/20/2045 (S)   792,925    810,591 
Discover Card Execution Note Trust,          
Series 2016-A1, Class A1          
1.640%, 07/15/2021   1,625,000    1,640,060 
Driven Brands Funding LLC,          
Series 2015-1A, Class A2          
5.216%, 07/20/2045 (S)   530,988    521,176 
EquiFirst Mortgage Loan Trust,          
Series 2004-3, Class M3          
1.499%, 12/25/2034 (P)   334,449    306,696 
Equity One ABS, Inc.          
Series 2004-1, Class M2,          
5.615%, 04/25/2034 (P)   135,619    124,472 
Series 2004-1, Class M3,          
5.760%, 04/25/2034 (P)   303,746    277,916 
Ford Credit Auto Owner Trust          
Series 2014-1, Class B,          
2.410%, 11/15/2025 (S)   305,000    308,476 
Series 2015-A, Class A4,          
1.640%, 06/15/2020   350,000    351,762 
Series 2015-B, Class A4,          
1.580%, 08/15/2020   370,000    371,404 
Series 2016-B, Class A4,          
1.520%, 08/15/2021   270,000    271,498 
Ford Credit Floorplan Master Owner Trust          
Series 2012-5, Class A,          
1.490%, 09/15/2019   740,000    742,377 
Series 2014-4, Class A1,          
1.400%, 08/15/2019   1,000,000    1,002,663 
FRS I LLC, Series 2013-1A, Class B          
3.960%, 04/15/2043 (S)   897,117    891,925 
GM Financial Automobile Leasing Trust          
Series 2015-1, Class A4,          
1.730%, 06/20/2019   300,000    301,637 
Series 2015-2, Class A4,          
1.850%, 07/22/2019   650,000    654,664 
GMF Floorplan Owner Revolving Trust,          
Series 2015-1, Class A1          
1.650%, 05/15/2020 (S)   360,000    359,780 

 

The accompanying notes are an integral part of the financial statements.

22

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
ASSET BACKED SECURITIES (continued)          
Golden Knight CDO, Ltd.,          
Series 2007-2A, Class D          
2.028%, 04/15/2019 (P)(S)  $600,000   $596,563 
GSAA Home Equity Trust,          
Series 2005-11, Class 3A1          
0.794%, 10/25/2035 (P)   293,459    277,113 
GSAA Trust, Series 2005-10, Class M3          
1.074%, 06/25/2035 (P)   457,960    446,536 
GSRPM Mortgage Loan Trust,          
Series 2006-1, Class A1          
0.746%, 03/25/2035 (P)(S)   841,962    828,808 
HarbourView CLO VI, Ltd.,          
Series 2006-1, Class D          
4.330%, 12/27/2019 (P)(S)   500,000    500,509 
Hertz Vehicle Financing LLC,          
Series 2016-3A, Class A          
2.270%, 07/25/2020 (S)   550,000    550,435 
Home Equity Asset Trust          
Series 2005-1, Class M4,          
1.544%, 05/25/2035 (P)   245,000    238,217 
Series 2005-3, Class M4,          
1.484%, 08/25/2035 (P)   345,000    324,583 
Honda Auto Receivables Owner Trust          
Series 2014-3, Class A4,          
1.310%, 10/15/2020   1,030,000    1,032,721 
Series 2015-2, Class A4,          
1.470%, 08/23/2021   545,000    547,610 
Series 2016-2, Class A4,          
1.620%, 08/15/2022   690,000    695,120 
John Deere Owner Trust          
Series 2014-B, Class A4,          
1.500%, 06/15/2021   585,000    587,629 
Series 2015-A, Class A4,          
1.650%, 12/15/2021   425,000    428,041 
Long Beach Mortgage Loan Trust,          
Series 2004-1, Class M3          
1.496%, 02/25/2034 (P)   101,448    97,340 
Merrill Lynch Mortgage Investors Trust          
Series 2004-OPT1, Class A1A,          
1.044%, 06/25/2035 (P)   296,857    286,626 
Series 2005-WMC1, Class M1,          
1.274%, 09/25/2035 (P)   366,699    328,231 
Miramax LLC, Series 2014-1A, Class A2          
3.340%, 07/20/2026 (S)   366,740    367,654 
Mountain View CLO II, Ltd.,          
Series 2006-2A, Class B          
1.031%, 01/12/2021 (P)(S)   500,000    488,639 
MVW Owner Trust          
Series 2014-1A, Class A,          
2.250%, 09/22/2031 (S)   179,839    179,851 
Series 2015-1A, Class A,          
2.520%, 12/20/2032 (S)   435,916    438,448 
Nationstar Home Equity Loan Trust,          
Series 2006-B, Class AV4          
0.804%, 09/25/2036 (P)   604,662    571,367 
Nautique Funding, Ltd., Series 2006-1A,          
Class D 4.628%, 04/15/2020 (P)(S)   500,000    505,198 
New Century Home Equity Loan Trust          
Series 2005-1, Class M1,          
1.199%, 03/25/2035 (P)   750,000    704,925 
Series 2005-2, Class M2,          
1.199%, 06/25/2035 (P)   1,090,000    1,046,900 

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
ASSET BACKED SECURITIES (continued)          
Nissan Auto Receivables Owner Trust,          
Series 2016-B, Class A4          
1.540%, 10/17/2022  $370,000   $372,901 
Nissan Master          
Owner Trust Receivables Trust,          
Series 2015-A, Class A2          
1.440%, 01/15/2020   710,000    711,556 
Octagon Investment Partners XI, Ltd.,          
Series 2007-1A, Class B          
1.412%, 08/25/2021 (P)(S)   500,000    484,746 
Option One Mortgage Loan Trust,          
Series 2004-1, Class M1          
1.346%, 01/25/2034 (P)   415,798    389,046 
Renaissance Home Equity Loan Trust,          
Series 2005-2, Class AF4          
4.934%, 08/25/2035 (P)   710,000    712,669 
Saxon Asset Securities Trust,          
Series 2006-2, Class A3C          
0.674%, 09/25/2036 (P)   586,512    571,615 
Shasta CLO, Ltd., Series 2007-1A,          
Class B2L 4.184%, 04/20/2021 (P)(S)   500,000    497,004 
Shinnecock CLO, Series 2006-1A,          
Class D 2.428%, 07/15/2018 (P)(S)   600,000    597,138 
Sierra Timeshare Receivables          
Funding LLC, Series 2014-2A, Class A          
2.050%, 06/20/2031 (S)   345,299    345,493 
Sonic Capital LLC, Series 2016-1A,          
Class A2 4.472%, 05/20/2046 (S)   313,950    321,903 
Soundview Home Loan Trust,          
Series 2005-CTX1, Class M2          
0.964%, 11/25/2035 (P)   310,000    300,837 
Specialty Underwriting & Residential          
Finance Trust, Series 2006-BC1,          
Class A2D 0.824%, 12/25/2036 (P)   786,485    777,643 
Structured Asset Investment Loan Trust,          
Series 2005-2, Class M2          
1.259%, 03/25/2035 (P)   655,000    622,466 
Structured Asset Securities Corp. Trust,          
Series 2005-AR1, Class M1          
0.954%, 09/25/2035 (P)   345,000    332,611 
SunTrust Auto Receivables Trust,          
Series 2015-1A, Class A4          
1.780%, 01/15/2021 (S)   650,000    654,210 
Synchrony Credit Card Master Note Trust,          
Series 2016-1, Class A          
2.040%, 03/15/2022   570,000    578,419 
Taco Bell Funding LLC          
Series 2016-1A, Class A2I,          
3.832%, 05/25/2046 (S)   745,000    755,463 
Series 2016-1A, Class A2II,          
4.377%, 05/25/2046 (S)   700,000    725,369 
TAL Advantage V LLC, Series 2014-1A,          
Class A 3.510%, 02/22/2039 (S)   737,959    725,764 
Toyota Auto Receivables Owner Trust          
Series 2015-B, Class A4,          
1.740%, 09/15/2020   500,000    504,882 
Series 2016-B, Class A4,          
1.520%, 08/16/2021   435,000    437,129 
Series 2016-C, Class A4,          
1.320%, 11/15/2021   390,000    388,980 
VB-S1 Issuer LLC, Series 2016-1A,          
Class F 6.901%, 06/15/2046 (S)   250,000    252,777 
Verizon Owner Trust, Series 2016-1A,          
Class A 1.420%, 01/20/2021 (S)   655,000    656,482 

 

The accompanying notes are an integral part of the financial statements.

23

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
ASSET BACKED SECURITIES (continued)          
Volkswagen Credit Auto Master Trust,          
Series 2014-1A, Class A2          
1.400%, 07/22/2019 (S)  $410,000   $409,658 
Wendys Funding LLC          
Series 2015-1A, Class A2I,          
3.371%, 06/15/2045 (S)   999,900    1,004,314 
Series 2015-1A, Class A2II,          
4.080%, 06/15/2045 (S)   594,000    603,217 
Westgate Resorts LLC          
Series 2013-1A, Class B,          
3.750%, 08/20/2025 (S)   98,648    98,802 
Series 2014-1A, Class A,          
2.150%, 12/20/2026 (S)   681,972    674,470 
Series 2014-1A, Class B,          
3.250%, 12/20/2026 (S)   440,228    435,826 
Series 2014-AA, Class A,          
6.250%, 10/20/2026 (S)   159,319    158,841 
Series 2015-1A, Class A,          
2.750%, 05/20/2027 (S)   370,611    368,401 
Series 2015-2A, Class B,          
4.000%, 07/20/2028 (S)   785,907    780,317 
Series 2016-1A, Class A,          
3.500%, 12/20/2028 (S)   330,938    331,174 
World Omni Auto Receivables Trust,          
Series 2016-A, Class A3          
1.770%, 09/15/2021   885,000    895,261 
TOTAL ASSET BACKED SECURITIES (Cost $67,719,460)       $68,083,392 
           
PREFERRED SECURITIES - 0.5%          
Consumer staples - 0.0%          
Ocean Spray Cranberries, Inc.,          
Series A, 6.250% (S)   2,216   $198,955 
Financials - 0.3%          
Discover Financial Services, 6.500%   13,900    362,512 
FNB Corp. (7.250% to 02/15/2024, then          
3 month LIBOR + 4.600%)   11,950    352,286 
GMAC Capital Trust I, 6.602% (P)   34,200    869,022 
Regions Financial Corp., 6.375%   8,726    226,003 
The Goldman Sachs Group, Inc. (5.500%          
to 05/10/2023, then          
3 month LIBOR + 3.640%)   14,525    389,415 
Wells Fargo & Company,          
Series L, 7.500%   210    274,806 
         2,474,044 
Industrials - 0.0%          
Glasstech, Inc., Series A (I)   1    602 
Utilities - 0.2%          
Dominion Resources, Inc., 6.750%   18,500    923,150 
DTE Energy Company, 6.500%   6,310    328,120 
Exelon Corp., 6.500%   6,077    284,039 
         1,535,309 
TOTAL PREFERRED SECURITIES (Cost $4,168,297)       $4,208,910 
           
SECURITIES LENDING COLLATERAL - 0.8%          
John Hancock          
Collateral Trust, 0.6548% (W)(Y)   617,794    6,182,022 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $6,181,856)       $6,182,022 
           
SHORT-TERM INVESTMENTS - 5.2%          

 

Active Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value
SHORT-TERM INVESTMENTS (continued)          
Money market funds - 4.8%          
State Street Institutional U.S. Government          
Money Market Fund, Premier          
Class, 0.2692% (Y)   37,293,920   $37,293,920 
Repurchase agreement - 0.4%          
Barclays Tri-Party Repurchase Agreement          
dated 09/30/2016 at 0.420% to be          
repurchased at $979,034 on 10/03/2016,          
collateralized by $962,600          
U.S. Treasury Inflation Indexed Notes,          
0.125% due 04/15/2021 (valued at          
$998,640, including interest)  $979,000   $979,000 
Repurchase Agreement with State          
Street Corp. dated 09/30/2016 at          
0.030% to be repurchased at $1,746,004          
on 10/03/2016, collateralized by          
$1,620,000 U.S. Treasury Notes,          
3.500% due 05/15/2020 (valued at          
$1,786,050, including interest)   1,746,000    1,746,000 
         2,725,000 
TOTAL SHORT-TERM INVESTMENTS (Cost $40,018,920)      $40,018,920 
Total Investments (Active Bond Trust)          
(Cost $752,149,843) - 100.9%       $780,712,764 
Other assets and liabilities, net - (0.9%)       (7,080,197)
TOTAL NET ASSETS - 100.0%       $773,632,567 
           
All Cap Core Trust          
           
     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS - 98.7%          
Consumer discretionary - 10.3%          
Auto components - 1.1%          
Cooper Tire & Rubber Company   39,800   $1,513,197 
Lear Corp.   8,100    981,882 
Visteon Corp.   1,500    107,490 
         2,602,569 
Automobiles - 1.0%          
General Motors Company   74,200    2,357,334 
Hotels, restaurants and leisure - 1.1%          
Darden Restaurants, Inc.   1,900    116,508 
Domino’s Pizza, Inc.   800    121,480 
Marriott International, Inc., Class A   35,200    2,370,016 
Starbucks Corp.   2,000    108,280 
         2,716,284 
Internet and direct marketing retail - 0.2%          
Amazon.com, Inc. (I)   490    410,282 
Leisure products - 1.1%          
Smith & Wesson Holding Corp. (I)(L)   106,400    2,829,176 
Media - 1.9%          
Comcast Corp., Class A   23,100    1,532,454 
Omnicom Group, Inc.   15,400    1,309,000 
The Walt Disney Company   18,200    1,690,052 
         4,531,506 
Specialty retail - 3.9%          
Aaron’s, Inc.   8,600    218,612 

 

The accompanying notes are an integral part of the financial statements.

24

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

All Cap Core Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Specialty retail (continued)          
American Eagle Outfitters, Inc. (L)   130,500   $2,330,730 
Lowe’s Companies, Inc.   11,500    830,415 
O’Reilly Automotive, Inc. (I)   5,500    1,540,605 
The Children’s Place, Inc.   37,100    2,963,177 
The Gap, Inc.   25,400    564,896 
The Home Depot, Inc.   8,200    1,055,176 
         9,503,611 
         24,950,762 
Consumer staples - 9.5%          
Beverages - 0.2%          
Dr. Pepper Snapple Group, Inc.   5,200    474,812 
Food and staples retailing - 2.9%          
Sysco Corp.   61,400    3,009,214 
Wal-Mart Stores, Inc.   54,100    3,901,692 
         6,910,906 
Food products - 3.9%          
Dean Foods Company   157,800    2,587,920 
Ingredion, Inc.   1,800    239,508 
Pilgrim’s Pride Corp. (L)   77,300    1,632,576 
Sanderson Farms, Inc. (L)   19,900    1,916,967 
Tyson Foods, Inc., Class A   42,300    3,158,541 
         9,535,512 
Household products - 0.9%          
Colgate-Palmolive Company   3,100    229,834 
The Clorox Company   5,400    675,972 
The Procter & Gamble Company   14,500    1,301,375 
         2,207,181 
Tobacco - 1.6%          
Altria Group, Inc.   49,900    3,155,177 
Philip Morris International, Inc.   6,900    670,818 
         3,825,995 
         22,954,406 
Energy - 5.6%          
Energy equipment and services - 1.3%          
Transocean, Ltd. (L)   301,800    3,217,188 
Oil, gas and consumable fuels - 4.3%          
DHT Holdings, Inc.   68,800    288,272 
Exxon Mobil Corp.   9,500    829,160 
Pioneer Natural Resources Company   18,100    3,360,265 
Tesoro Corp.   33,700    2,681,172 
Valero Energy Corp.   58,200    3,084,600 
         10,243,469 
         13,460,657 
Financials - 12.7%          
Banks - 4.6%          
Banc of California, Inc.   19,200    335,232 
Citigroup, Inc.   72,000    3,400,560 
Citizens Financial Group, Inc.   50,000    1,235,500 
Enterprise Financial Services Corp.   1,900    59,375 
Heartland Financial USA, Inc.   5,800    209,206 
Popular, Inc.   76,500    2,923,830 
SunTrust Banks, Inc.   65,700    2,877,660 
         11,041,363 
Capital markets - 2.0%          
BlackRock, Inc.   5,940    2,153,012 
CME Group, Inc.   8,300    867,516 

 

All Cap Core Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Capital markets (continued)          
Intercontinental Exchange, Inc.   2,400   $646,464 
INTL. FCStone, Inc. (I)   17,700    687,645 
MarketAxess Holdings, Inc.   2,000    331,180 
OM Asset Management PLC   10,200    141,882 
         4,827,699 
Consumer finance - 1.3%          
Discover Financial Services   41,800    2,363,790 
FirstCash, Inc.   14,700    692,076 
         3,055,866 
Insurance - 3.0%          
Alleghany Corp. (I)   2,180    1,144,544 
Ambac Financial Group, Inc. (I)   23,800    437,682 
Assurant, Inc.   15,000    1,383,750 
Assured Guaranty, Ltd.   4,100    113,775 
Cincinnati Financial Corp.   13,400    1,010,628 
Markel Corp. (I)   3,246    3,014,787 
Reinsurance Group of America, Inc.   2,100    226,674 
         7,331,840 
Mortgage real estate investment trusts - 1.7%          
Chimera Investment Corp. (I)   170,500    2,719,475 
MFA Financial, Inc.   206,100    1,541,628 
         4,261,103 
Thrifts and mortgage finance - 0.1%          
HomeStreet, Inc. (I)   11,700    293,202 
Waterstone Financial, Inc.   2,800    47,572 
         340,774 
         30,858,645 
Health care - 16.0%          
Biotechnology - 3.6%          
Amgen, Inc.   25,000    4,170,250 
Gilead Sciences, Inc.   48,600    3,845,232 
PDL BioPharma, Inc.   49,700    166,495 
United Therapeutics Corp. (I)   5,100    602,208 
         8,784,185 
Health care equipment and supplies - 1.3%          
Baxter International, Inc.   67,200    3,198,720 
Health care providers and services - 5.1%          
Aetna, Inc.   28,800    3,324,960 
Anthem, Inc.   6,000    751,860 
Healthways, Inc. (I)   33,300    881,118 
UnitedHealth Group, Inc.   31,100    4,354,000 
WellCare Health Plans, Inc. (I)   24,700    2,892,123 
         12,204,061 
Life sciences tools and services - 0.9%          
Mettler-Toledo International, Inc. (I)   2,300    965,609 
Waters Corp. (I)   7,800    1,236,222 
         2,201,831 
Pharmaceuticals - 5.1%          
Johnson & Johnson   52,900    6,249,077 
Merck & Company, Inc.   76,600    4,780,606 
Pfizer, Inc.   39,600    1,341,252 
         12,370,935 
         38,759,732 
Industrials - 11.1%          
Aerospace and defense - 2.5%          
BWX Technologies, Inc.   18,500    709,845 

 

The accompanying notes are an integral part of the financial statements.

25

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

All Cap Core Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Aerospace and defense (continued)          
Huntington Ingalls Industries, Inc.   5,800   $889,836 
Northrop Grumman Corp.   1,600    342,320 
Raytheon Company   2,700    367,551 
The Boeing Company   28,900    3,807,286 
         6,116,838 
Airlines - 2.6%          
Alaska Air Group, Inc.   900    59,274 
Hawaiian Holdings, Inc. (I)   62,100    3,018,060 
United Continental Holdings, Inc. (I)   59,800    3,137,706 
         6,215,040 
Building products - 1.0%          
Insteel Industries, Inc.   23,600    855,264 
Universal Forest Products, Inc.   14,900    1,467,501 
         2,322,765 
Commercial services and supplies - 1.3%          
Waste Management, Inc.   51,400    3,277,264 
Construction and engineering - 0.9%          
Argan, Inc.   21,100    1,248,909 
Comfort Systems USA, Inc.   16,000    468,960 
MasTec, Inc. (I)   15,500    460,970 
         2,178,839 
Machinery - 2.5%          
Global Brass & Copper Holdings, Inc.   17,500    505,575 
Lydall, Inc. (I)   6,100    311,893 
Parker-Hannifin Corp.   500    62,765 
The Greenbrier Companies, Inc. (L)   86,000    3,035,800 
Wabash National Corp. (I)   154,900    2,205,776 
         6,121,809 
Professional services - 0.3%          
CBIZ, Inc. (I)   2,500    27,975 
Insperity, Inc.   10,300    748,192 
         776,167 
         27,008,722 
Information technology - 23.4%          
Communications equipment - 2.2%          
Cisco Systems, Inc.   32,000    1,015,040 
Finisar Corp. (I)   29,400    876,120 
InterDigital, Inc.   19,600    1,552,320 
NETGEAR, Inc. (I)   32,600    1,971,974 
         5,415,454 
Electronic equipment, instruments and components - 1.0%          
Sanmina Corp. (I)   67,400    1,918,878 
SYNNEX Corp.   4,000    456,440 
         2,375,318 
Internet software and services - 2.2%          
Alphabet, Inc., Class A (I)   1,142    918,237 
Alphabet, Inc., Class C (I)   5,417    4,210,580 
EarthLink Holdings Corp.   16,400    101,680 
Facebook, Inc., Class A (I)   700    89,789 
NIC, Inc.   4,300    101,050 
         5,421,336 
IT services - 6.8%          
Accenture PLC, Class A   17,800    2,174,626 
Automatic Data Processing, Inc.   1,300    114,660 
Convergys Corp.   9,500    288,990 
CSG Systems International, Inc.   4,100    169,453 

 

All Cap Core Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
IT services (continued)          
Fiserv, Inc. (I)   6,500   $646,555 
IBM Corp.   27,800    4,416,030 
Leidos Holdings, Inc.   69,500    3,007,960 
Mastercard, Inc.   24,600    2,503,542 
NeuStar, Inc., Class A (I)(L)   97,000    2,579,230 
Paychex, Inc.   2,000    115,740 
The Hackett Group, Inc.   23,300    384,916 
         16,401,702 
Semiconductors and semiconductor equipment - 4.1%          
Applied Materials, Inc.   110,000    3,316,500 
Intel Corp.   2,200    83,050 
Lam Research Corp.   1,900    179,949 
Linear Technology Corp.   19,300    1,144,297 
Photronics, Inc. (I)   6,000    61,860 
Texas Instruments, Inc.   53,400    3,747,612 
Xilinx, Inc.   23,400    1,271,556 
         9,804,824 
Software - 4.3%          
Adobe Systems, Inc. (I)   10,800    1,172,232 
Microsoft Corp.   103,907    5,985,043 
Symantec Corp.   124,600    3,127,460 
         10,284,735 
Technology hardware, storage and peripherals - 2.8%          
Apple, Inc.   31,482    3,559,040 
HP, Inc.   211,000    3,276,830 
         6,835,870 
         56,539,239 
Materials - 3.1%          
Chemicals - 2.7%          
Air Products & Chemicals, Inc.   2,500    375,850 
Innospec, Inc.   5,900    358,779 
LyondellBasell Industries NV, Class A   2,600    209,716 
Rayonier Advanced Materials, Inc.   39,100    522,767 
The Dow Chemical Company   18,700    969,221 
The Sherwin-Williams Company   4,400    1,217,304 
Trinseo SA   51,700    2,924,152 
         6,577,789 
Metals and mining - 0.4%          
Newmont Mining Corp.   2,900    113,941 
Nucor Corp.   17,800    880,210 
         994,151 
         7,571,940 
Real estate - 3.3%          
Equity real estate investment trusts - 2.4%          
CoreSite Realty Corp.   11,800    873,672 
DuPont Fabros Technology, Inc.   7,200    297,000 
Equity Commonwealth (I)   14,200    429,124 
Gaming and Leisure Properties, Inc.   26,900    899,805 
Monmouth Real Estate Investment Corp.   10,900    155,543 
PS Business Parks, Inc.   3,200    363,424 
Retail Opportunity Investments Corp.   11,700    256,932 
The Macerich Company   24,600    1,989,402 
WP Carey, Inc.   6,900    445,257 
         5,710,159 
Real estate management and development - 0.9%          
Altisource Portfolio Solutions SA (I)   68,400    2,216,160 
         7,926,319 

 

The accompanying notes are an integral part of the financial statements.

26

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

All Cap Core Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value
COMMON STOCKS (continued)          
Telecommunication services - 1.4%          
Diversified telecommunication services - 1.2%          
CenturyLink, Inc.   10,800   $296,244 
FairPoint Communications, Inc. (I)   21,400    321,642 
IDT Corp., Class B   12,000    206,880 
Verizon Communications, Inc.   38,200    1,985,636 
Wireless telecommunication services - 0.2%          
T-Mobile US, Inc. (I)   1,500    70,080 
Telephone & Data Systems, Inc.   20,200    549,036 
         619,116 
         3,429,518 
Utilities - 2.3%          
Electric utilities - 1.2%          
Edison International   12,700    917,575 
Exelon Corp.   53,900    1,794,331 
MGE Energy, Inc.   1,300    73,463 
         2,785,369 
Gas utilities - 0.0%          
Chesapeake Utilities Corp.   1,300    79,378 
Multi-utilities - 1.1%          
Consolidated Edison, Inc.   11,100    835,830 
DTE Energy Company   1,600    149,872 
MDU Resources Group, Inc.   45,000    1,144,800 
NiSource, Inc.   7,800    188,058 
Public Service Enterprise Group, Inc.   8,900    372,643 
         2,691,203 
         5,555,950 
TOTAL COMMON STOCKS (Cost $225,239,503)       $239,015,890 
           
SECURITIES LENDING COLLATERAL - 5.5%          
John Hancock Collateral Trust,          
0.6548% (W)(Y)   1,323,890    13,247,633 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $13,247,362)       $13,247,633 
           
SHORT-TERM INVESTMENTS - 0.9%          
Money market funds - 0.9%          
State Street Institutional Liquid Reserves Fund,          
Premier Class, 0.3969% (Y)   2,152,821   $2,152,821 
TOTAL SHORT-TERM INVESTMENTS (Cost $2,152,821)       $2,152,821 
Total Investments (All Cap Core Trust)          
(Cost $240,639,686) - 105.1%       $254,416,344 
Other assets and liabilities, net - (5.1%)        (12,409,155)
TOTAL NET ASSETS - 100.0%       $242,007,189 
           
Alpha Opportunities Trust          
           
     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS - 87.8%          
Consumer discretionary - 11.1%          
Auto components - 0.6%          
Delphi Automotive PLC   46,230   $3,297,124 
The Goodyear Tire & Rubber Company   11,084    358,013 
         3,655,137 

 

Alpha Opportunities Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Automobiles - 0.6%          
Geely Automobile Holdings, Ltd.   264,920   $238,547 
Harley-Davidson, Inc. (L)   36,922    1,941,728 
Maruti Suzuki India, Ltd.   16,134    1,332,965 
         3,513,240 
Diversified consumer services - 0.3%          
New Oriental Education & Technology          
Group, Inc., ADR (I)   29,158    1,351,765 
The Honest Company, Inc. (I)(R)   3,841    134,934 
         1,486,699 
Hotels, restaurants and leisure - 1.3%          
China Lodging Group, Ltd., ADR   6,051    272,840 
Domino’s Pizza Group PLC   147,681    714,958 
McDonald’s Corp.   25,428    2,933,374 
Panera Bread Company, Class A (I)   17,979    3,500,871 
The Star Entertainment Group, Ltd.   40,427    187,501 
         7,609,544 
Household durables - 1.1%          
NVR, Inc. (I)   2,878    4,719,546 
PulteGroup, Inc.   86,687    1,737,207 
         6,456,753 
Internet and direct marketing retail - 3.8%          
Amazon.com, Inc. (I)   7,422    6,214,515 
ASOS PLC (I)   5,193    326,786 
Ctrip.com International, Ltd., ADR (I)   5,647    262,981 
Expedia, Inc.   25,921    3,025,499 
Netflix, Inc. (I)   58,021    5,717,970 
The Priceline Group, Inc. (I)   2,605    3,833,231 
Wayfair, Inc., Class A (I)(L)   56,024    2,205,665 
Zalando SE (I)   5,833    243,710 
         21,830,357 
Multiline retail - 0.2%          
Matahari Department Store Tbk PT   647,200    918,980 
Specialty retail - 2.4%          
Advance Auto Parts, Inc.   29,328    4,373,391 
CarMax, Inc. (I)   14,028    748,394 
Jand, Inc., Class A (I)(R)   3,495    38,061 
Lowe’s Companies, Inc.   34,598    2,498,322 
The Home Depot, Inc.   23,282    2,995,928 
The TJX Companies, Inc.   39,138    2,926,740 
         13,580,836 
Textiles, apparel and luxury goods - 0.8%          
NIKE, Inc., Class B   89,616    4,718,282 
Pandora A/S   1,223    148,129 
         4,866,411 
         63,917,957 
Consumer staples - 5.9%          
Beverages - 1.9%          
Molson Coors Brewing Company, Class B   3,674    403,405 
Monster Beverage Corp. (I)   23,575    3,461,046 
PepsiCo, Inc.   32,328    3,516,317 
The Coca-Cola Company   81,531    3,450,392 
         10,831,160 
Food and staples retailing - 1.6%          
Ain Holdings, Inc.   1,155    78,635 
Costco Wholesale Corp.   58,410    8,908,109 
Sundrug Company, Ltd.   1,201    100,811 
         9,087,555 

 

The accompanying notes are an integral part of the financial statements.

27

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Alpha Opportunities Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Food products - 0.9%          
ConAgra Foods, Inc.   4,741   $223,349 
Greencore Group PLC   348,458    1,514,584 
Mondelez International, Inc., Class A   6,831    299,881 
Nomad Foods, Ltd. (I)   91,463    1,081,093 
Post Holdings, Inc. (I)   3,979    307,059 
The Hershey Company   16,460    1,573,576 
         4,999,542 
Household products - 0.6%          
Colgate-Palmolive Company   47,630    3,531,288 
Reckitt Benckiser Group PLC   1,834    172,662 
         3,703,950 
Personal products - 0.2%          
Beiersdorf AG   1,430    134,982 
Ci:z Holdings Company, Ltd.   5,200    149,365 
LG Household & Health Care, Ltd.   1,214    1,056,480 
The Estee Lauder Companies, Inc., Class A   1,827    161,799 
         1,502,626 
Tobacco - 0.7%          
Philip Morris International, Inc.   39,300    3,820,746 
         33,945,579 
Energy - 4.7%          
Energy equipment and services - 0.5%          
Baker Hughes, Inc.   23,650    1,193,616 
Halliburton Company   34,330    1,540,730 
         2,734,346 
Oil, gas and consumable fuels - 4.2%          
Anadarko Petroleum Corp.   33,043    2,093,604 
Chevron Corp.   31,469    3,238,789 
EOG Resources, Inc.   15,818    1,529,759 
Karoon Gas Australia, Ltd. (I)   151,023    155,634 
Newfield Exploration Company (I)   62,503    2,716,380 
Petroleo Brasileiro SA, ADR (I)   81,262    758,174 
Phillips 66   42,800    3,447,540 
Pioneer Natural Resources Company   28,126    5,221,592 
Suncor Energy, Inc.   128,797    3,577,981 
World Fuel Services Corp.   39,330    1,819,406 
         24,558,859 
         27,293,205 
Financials - 15.2%          
Banks - 5.8%          
Bank Central Asia Tbk PT   962,900    1,161,419 
Bank of America Corp.   194,493    3,043,815 
Citigroup, Inc.   88,807    4,194,355 
Cullen/Frost Bankers, Inc.   4,052    291,501 
First Citizens BancShares, Inc., Class A   2,713    797,324 
First Republic Bank   21,165    1,632,033 
HDFC Bank, Ltd.   71,437    1,579,837 
Itau Unibanco Holding SA, ADR   98,860    1,081,528 
JPMorgan Chase & Co.   58,241    3,878,268 
M&T Bank Corp.   37,734    4,380,917 
The PNC Financial Services Group, Inc.   93,401    8,414,496 
Wells Fargo & Company   73,055    3,234,875 
         33,690,368 
Capital markets - 1.9%          
BlackRock, Inc.   16,300    5,908,098 
FactSet Research Systems, Inc.   13,320    2,159,172 
Hong Kong Exchanges & Clearing, Ltd.   4,279    113,245 
MarketAxess Holdings, Inc.   1,449    239,940 

 

Alpha Opportunities Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Capital markets (continued)          
Moody’s Corp.   6,818   $738,253 
MSCI, Inc.   3,513    294,881 
Nihon M&A Center, Inc.   3,408    105,586 
Partners Group Holding AG   335    169,254 
S&P Global, Inc.   3,397    429,924 
SEI Investments Company   11,745    535,689 
         10,694,042 
Consumer finance - 0.7%          
American Express Company   61,510    3,939,100 
Diversified financial services - 0.6%          
Berkshire Hathaway, Inc., Class B (I)   15,914    2,299,091 
Cerved Information Solutions SpA   128,482    1,085,311 
         3,384,402 
Insurance - 6.2%          
Alleghany Corp. (I)   2,253    1,182,870 
American International Group, Inc.   74,249    4,405,936 
Assured Guaranty, Ltd.   22,189    615,745 
Chubb, Ltd.   66,103    8,305,842 
Fairfax Financial Holdings, Ltd.   4,649    2,724,021 
Markel Corp. (I)   5,470    5,080,372 
Marsh & McLennan Companies, Inc.   47,726    3,209,574 
MetLife, Inc.   152,623    6,781,040 
Reinsurance Group of America, Inc.   18,050    1,948,317 
White Mountains Insurance Group, Ltd.   1,990    1,651,700 
         35,905,417 
Thrifts and mortgage finance - 0.0%          
Indiabulls Housing Finance, Ltd.   14,430    179,637 
         87,792,966 
Health care - 14.2%          
Biotechnology - 1.0%          
Actelion, Ltd. (I)   959    166,419 
Biogen, Inc. (I)   7,927    2,481,389 
BioMarin Pharmaceutical, Inc. (I)   4,467    413,287 
Genmab A/S (I)   1,382    236,533 
Incyte Corp. (I)   3,391    319,737 
Novavax, Inc. (I)(L)   27,900    58,032 
Regeneron Pharmaceuticals, Inc. (I)   5,143    2,067,589 
TESARO, Inc. (I)   3,238    324,577 
         6,067,563 
Health care equipment and supplies - 3.0%          
ABIOMED, Inc. (I)   11,500    1,478,670 
Align Technology, Inc. (I)   36,204    3,394,125 
Becton, Dickinson and Company   9,534    1,713,546 
BioMerieux   1,568    233,676 
Boston Scientific Corp. (I)   6,692    159,270 
Corindus Vascular Robotics, Inc. (I)(L)   490,099    544,010 
DexCom, Inc. (I)   39,573    3,468,969 
Edwards Lifesciences Corp. (I)   6,128    738,792 
Intuitive Surgical, Inc. (I)   678    491,435 
Medtronic PLC   54,052    4,670,093 
Senseonics Holdings, Inc. (I)   117,044    456,472 
         17,349,058 
Health care providers and services - 2.5%          
Acadia Healthcare Company, Inc. (I)   16,876    836,206 
Cardinal Health, Inc.   38,543    2,994,791 
Laboratory Corp. of America Holdings (I)   17,242    2,370,430 
McKesson Corp.   33,306    5,553,776 

 

The accompanying notes are an integral part of the financial statements.

28

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Alpha Opportunities Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Health care providers and services (continued)          
UnitedHealth Group, Inc.   17,438   $2,441,320 
         14,196,523 
Health care technology - 0.4%          
athenahealth, Inc. (I)(L)   15,558    1,962,175 
CareView Communications, Inc. (I)   1,113,737    111,374 
         2,073,549 
Life sciences tools and services - 0.2%          
Lonza Group AG (I)   1,098    210,156 
Thermo Fisher Scientific, Inc.   6,483    1,031,186 
         1,241,342 
Pharmaceuticals - 7.1%          
Allergan PLC (I)   36,086    8,310,967 
Bristol-Myers Squibb Company   241,804    13,038,072 
Eisai Company, Ltd.   15,700    981,933 
Johnson & Johnson   59,785    7,062,402 
Merck & Company, Inc.   102,611    6,403,953 
Mylan NV (I)   51,252    1,953,726 
Ono Pharmaceutical Company, Ltd.   40,030    1,117,656 
TherapeuticsMD, Inc. (I)   321,203    2,187,392 
         41,056,101 
         81,984,136 
Industrials - 12.7%          
Aerospace and defense - 0.5%          
Lockheed Martin Corp.   10,146    2,432,199 
TransDigm Group, Inc. (I)   1,642    474,735 
         2,906,934 
Air freight and logistics - 0.8%          
FedEx Corp.   939    164,025 
United Parcel Service, Inc., Class B   40,581    4,437,938 
XPO Logistics, Inc. (I)(L)   6,056    222,074 
         4,824,037 
Airlines - 0.5%          
American Airlines Group, Inc.   45,500    1,665,755 
Spirit Airlines, Inc. (I)   28,659    1,218,867 
         2,884,622 
Building products - 0.7%          
Lennox International, Inc.   24,982    3,922,923 
Commercial services and supplies - 1.0%          
Cintas Corp.   16,213    1,825,584 
Clean Harbors, Inc. (I)   48,635    2,333,507 
UniFirst Corp.   10,623    1,400,749 
Waste Connections, Inc.   4,551    339,960 
         5,899,800 
Construction and engineering - 0.1%          
EMCOR Group, Inc.   4,867    290,171 
Electrical equipment - 0.9%          
Eaton Corp. PLC   39,099    2,569,195 
EnerSys   2,383    164,880 
Generac Holdings, Inc. (I)   64,865    2,354,600 
         5,088,675 
Industrial conglomerates - 1.4%          
3M Company   18,372    3,237,698 
Honeywell International, Inc.   39,045    4,552,257 
Siemens AG   3,279    384,496 
         8,174,451 

 

Alpha Opportunities Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Machinery - 2.1%          
Allison Transmission Holdings, Inc.   73,330   $2,103,104 
GEA Group AG   6,328    351,817 
IDEX Corp.   34,323    3,211,603 
Nordson Corp.   3,158    314,632 
Oshkosh Corp.   3,870    216,720 
PACCAR, Inc.   37,633    2,212,068 
The Middleby Corp. (I)   30,902    3,820,105 
         12,230,049 
Professional services - 0.5%          
IHS Markit, Ltd. (I)   73,988    2,778,249 
The Dun & Bradstreet Corp.   1,099    150,145 
         2,928,394 
Road and rail - 3.6%          
AMERCO   4,430    1,436,339 
Canadian National Railway Company   72,906    4,765,745 
DSV A/S   35,429    1,767,735 
Genesee & Wyoming, Inc., Class A (I)   50,035    3,449,913 
Hertz Global Holdings, Inc. (I)   35,958    1,444,073 
Knight Transportation, Inc.   52,276    1,499,798 
Union Pacific Corp.   68,116    6,643,353 
         21,006,956 
Trading companies and distributors - 0.6%          
Fastenal Company   30,602    1,278,552 
MSC Industrial Direct Company, Inc., Class A   26,252    1,927,159 
         3,205,711 
         73,362,723 
Information technology - 16.6%          
Communications equipment - 1.0%          
Arista Networks, Inc. (I)   1,297    110,349 
Cisco Systems, Inc.   110,989    3,520,571 
Finisar Corp. (I)   9,342    278,392 
Motorola Solutions, Inc.   19,447    1,483,417 
ParkerVision, Inc. (I)(L)   55,034    234,445 
Ubiquiti Networks, Inc. (I)(L)   3,745    200,358 
         5,827,532 
Electronic equipment, instruments and components - 0.7%          
AAC Technologies Holdings, Inc.   19,697    199,019 
Amphenol Corp., Class A   7,273    472,163 
Cognex Corp.   7,051    372,716 
Coherent, Inc. (I)   8,808    973,636 
Dolby Laboratories, Inc., Class A   3,971    215,586 
Keysight Technologies, Inc. (I)   13,000    411,970 
Largan Precision Company, Ltd.   6,800    828,760 
Universal Display Corp. (I)   6,272    348,159 
         3,822,009 
Internet software and services - 4.5%          
Alibaba Group Holding, Ltd., ADR (I)   56,391    5,965,604 
Alphabet, Inc., Class A (I)   655    526,659 
Alphabet, Inc., Class C (I)   5,852    4,548,701 
CoStar Group, Inc. (I)   22,050    4,774,487 
Facebook, Inc., Class A (I)   35,869    4,600,917 
GoDaddy, Inc., Class A (I)   6,526    225,343 
Just Eat PLC (I)   125,785    872,115 
Match Group, Inc. (I)(L)   20,091    357,419 
Mimecast, Ltd. (I)   26,300    503,119 
NetEase, Inc., ADR   1,867    449,536 
Quotient Technology, Inc. (I)(L)   19,911    265,015 
SMS Company, Ltd.   7,081    189,410 
Tencent Holdings, Ltd.   81,563    2,267,616 

 

The accompanying notes are an integral part of the financial statements.

29

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Alpha Opportunities Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Internet software and services (continued)          
The Trade Desk, Inc., Class A (I)(L)   700   $20,447 
Zillow Group, Inc., Class C (I)(L)   4,162    144,213 
         25,710,601 
IT services - 1.6%          
Accenture PLC, Class A   26,600    3,249,722 
Automatic Data Processing, Inc.   30,628    2,701,390 
FleetCor Technologies, Inc. (I)   1,631    283,354 
Global Payments, Inc.   4,419    339,202 
Visa, Inc., Class A   34,229    2,830,738 
WNS Holdings, Ltd., ADR (I)   1,900    56,905 
         9,461,311 
Semiconductors and semiconductor equipment - 3.5%          
Broadcom, Ltd.   1,828    315,367 
Cabot Microelectronics Corp.   640    33,862 
Intel Corp.   88,688    3,347,972 
Lam Research Corp.   5,791    548,466 
Maxim Integrated Products, Inc.   11,824    472,132 
Microchip Technology, Inc.   5,708    354,695 
Micron Technology, Inc. (I)   267,030    4,747,793 
MKS Instruments, Inc.   1,978    98,366 
Monolithic Power Systems, Inc.   4,401    354,281 
NXP Semiconductors NV (I)   32,262    3,291,047 
Qorvo, Inc. (I)   36,114    2,012,994 
Skyworks Solutions, Inc.   49,991    3,806,315 
Taiwan Semiconductor          
Manufacturing Company, Ltd.   105,000    617,205 
         20,000,495 
Software - 4.6%          
Activision Blizzard, Inc.   4,639    205,508 
Adobe Systems, Inc. (I)   6,973    756,849 
Autodesk, Inc. (I)   3,910    282,810 
Cadence Design Systems, Inc. (I)   13,297    339,472 
Electronic Arts, Inc. (I)   4,603    393,096 
Ellie Mae, Inc. (I)   4,896    515,549 
Fair Isaac Corp.   1,418    176,669 
Guidewire Software, Inc. (I)   2,347    140,773 
HubSpot, Inc. (I)   8,465    487,753 
Microsoft Corp.   174,632    10,058,803 
Mobileye NV (I)(L)   42,428    1,806,160 
Nintendo Company, Ltd.   1,983    530,953 
ServiceNow, Inc. (I)   18,759    1,484,775 
SS&C Technologies Holdings, Inc.   110,262    3,544,923 
Take-Two Interactive Software, Inc. (I)   8,603    387,823 
The Sage Group PLC   14,860    141,982 
Workday, Inc., Class A (I)   53,146    4,872,957 
Zendesk, Inc. (I)   19,218    590,185 
         26,717,040 
Technology hardware, storage and peripherals - 0.7%          
Apple, Inc.   22,600    2,554,930 
Pure Storage, Inc., Class A (I)(L)   24,801    336,054 
Samsung Electronics Company, Ltd.   962    1,401,405 
         4,292,389 
         95,831,377 
Materials - 3.7%          
Chemicals - 2.0%          
CF Industries Holdings, Inc.   139,075    3,386,476 
Platform Specialty Products Corp. (I)(L)   265,011    2,149,239 
Praxair, Inc.   16,852    2,036,227 
Syngenta AG   3,607    1,579,659 

 

Alpha Opportunities Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Chemicals (continued)          
The Chemours Company   34,000   $544,000 
The Sherwin-Williams Company   5,726    1,584,155 
         11,279,756 
Construction materials - 0.2%          
Buzzi Unicem SpA   52,689    1,080,376 
Martin Marietta Materials, Inc.   1,066    190,931 
         1,271,307 
Containers and packaging - 0.6%          
Ball Corp.   20,680    1,694,726 
RPC Group PLC   17,991    223,571 
Silgan Holdings, Inc.   23,727    1,200,349 
         3,118,646 
Metals and mining - 0.1%          
Agnico Eagle Mines, Ltd.   2,056    111,394 
Anglo American PLC (I)   6,750    84,178 
Franco-Nevada Corp.   1,583    110,604 
Franco-Nevada Corp. (Toronto          
Stock Exchange)   3,508    245,088 
Glencore PLC (I)   30,250    82,830 
         634,094 
Paper and forest products - 0.8%          
Louisiana-Pacific Corp. (I)   71,946    1,354,743 
Norbord, Inc.   129,275    3,320,681 
         4,675,424 
         20,979,227 
Real estate - 1.6%          
Equity real estate investment trusts - 1.4%          
American Tower Corp.   29,920    3,390,834 
Equinix, Inc.   3,933    1,416,863 
Public Storage   13,550    3,023,547 
         7,831,244 
Real estate management and development - 0.2%          
BR Malls Participacoes SA (I)   227,430    860,166 
Kennedy Wilson Europe Real Estate PLC   15,317    199,239 
Relo Group, Inc.   975    162,055 
WeWork Companies, Inc., Class A (I)(R)   2,554    128,191 
         1,349,651 
         9,180,895 
Telecommunication services - 0.6%          
Diversified telecommunication services - 0.6%          
Telekomunikasi Indonesia Persero Tbk PT   2,120,900    706,233 
Verizon Communications, Inc.   45,598    2,370,184 
         3,076,417 
Wireless telecommunication services - 0.0%          
NTT DOCOMO, Inc.   6,993    177,643 
         3,254,060 
Utilities - 1.5%          
Electric utilities - 0.7%          
Avangrid, Inc.   8,694    363,235 
NextEra Energy, Inc.   28,287    3,460,066 
         3,823,301 
Gas utilities - 0.2%          
UGI Corp.   32,651    1,477,131 

 

The accompanying notes are an integral part of the financial statements.

30

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Alpha Opportunities Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Multi-utilities - 0.6%          
Dominion Resources, Inc.   47,318   $3,514,308 
         8,814,740 
TOTAL COMMON STOCKS (Cost $457,700,667)       $506,356,865 
           
PREFERRED SECURITIES - 2.6%          
Consumer discretionary - 0.1%          
Diversified consumer services - 0.1%          
The Honest Company, Inc. (I)(R)   8,963    314,870 
Specialty retail - 0.0%          
Jand, Inc., Series D (I)(R)   7,805    84,996 
         399,866 
Financials - 0.1%          
Capital markets - 0.1%          
Forward Venture (I)(R)   14,346    628,642 
Industrials - 0.1%          
Electrical equipment - 0.1%          
Lithium Technology Corp. (I)(R)   118,631    565,870 
Information technology - 2.1%          
Electronic equipment, instruments and components - 0.1%          
Veracode, Inc. (I)(R)   18,712    501,669 
Internet software and services - 1.3%          
DocuSign, Inc., Series B (I)(R)   865    16,599 
DocuSign, Inc., Series B1 (I)(R)   259    4,970 
DocuSign, Inc., Series D (I)(R)   621    11,917 
DocuSign, Inc., Series E (I)(R)   13,455    258,201 
Dropbox, Inc., Series C (I)(R)   10,895    144,032 
Lookout, Inc., Series F (I)(R)   25,174    193,840 
Uber Technologies, Inc. (I)(R)   142,224    6,936,577 
         7,566,136 
Software - 0.7%          
Birst, Inc., Series F (I)(R)   46,072    237,732 
Cloudera, Inc., Series F (I)(R)   15,771    328,510 
DraftKings, Inc., Series C (I)(R)   75,450    155,427 
Essence Group Holdings Corp. (I)(R)   203,629    502,964 
MarkLogic Corp., Series F (I)(R)   30,839    284,644 
Nutanix, Inc. (I)   32,127    1,099,547 
Pinterest, Inc., Series G (I)(R)   162,095    1,113,593 
Zuora, Inc., Series F (I)(R)   99,899    441,554 
         4,163,971 
         12,231,776 
Real estate - 0.2%          
Real estate management and development - 0.2%          
Redfin Corp. (I)(R)   78,202    287,001 
WeWork Companies, Inc., Series D1 (I)(R)   12,694    637,140 
WeWork Companies, Inc., Series D2 (I)(R)   9,974    500,618 
         1,424,759 
         1,424,759 
TOTAL PREFERRED SECURITIES (Cost $8,527,890)       $15,250,913 
           
CORPORATE BONDS - 0.0%          
Information technology - 0.0%          
DraftKings, Inc.          
5.000%, 12/23/2016 (R)  $48,473   $48,473 
TOTAL CORPORATE BONDS (Cost $48,473)       $48,473 

 

Alpha Opportunities Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value
EXCHANGE-TRADED FUNDS - 5.3%          
iShares Russell 2000 ETF   120,481   $14,964,945 
SPDR S&P 500 ETF Trust   71,102    15,379,363 
TOTAL EXCHANGE-TRADED FUNDS (Cost $30,159,585)       $30,344,308 
           
SECURITIES LENDING COLLATERAL - 1.6%          
John Hancock          
Collateral Trust, 0.6548% (W)(Y)   929,192    9,298,053 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $9,297,903)       $9,298,053 
           
SHORT-TERM INVESTMENTS - 4.6%          
Repurchase agreement - 4.6%          
Deutsche Bank Tri-Party Repurchase          
Agreement dated 09/30/2016 at 0.510% to          
be repurchased at $26,501,126 on          
10/03/2016, collateralized by $26,813,100          
U.S. Treasury Notes, 1.625% due          
02/15/2026 (valued at $27,030,052,          
including interest)  $26,500,000   $26,500,000 
TOTAL SHORT-TERM INVESTMENTS (Cost $26,500,000)       $26,500,000 
Total Investments (Alpha Opportunities Trust)          
(Cost $532,234,518) - 101.9%       $587,798,612 
Other assets and liabilities, net - (1.9%)       (10,861,842)
TOTAL NET ASSETS - 100.0%       $576,936,770 
           
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   70,396,065   $1,521,962,928 
TOTAL INVESTMENT COMPANIES (Cost $1,045,813,808)       $1,521,962,928 
Total Investments (American Asset Allocation Trust)          
(Cost $1,045,813,808) - 100.0%       $1,521,962,928 
Other assets and liabilities, net - 0.0%        19,369 
TOTAL NET ASSETS - 100.0%       $1,521,982,297 
           
American Global Growth Trust          
           
     Shares or     
     Principal     
     Amount   Value 
INVESTMENT COMPANIES - 99.9%          
American Funds Insurance Series - 99.9%          
American Global Growth Fund - Class 1   8,845,813   $223,002,937 
TOTAL INVESTMENT COMPANIES (Cost $222,223,753)       $223,002,937 
Total Investments (American Global Growth Trust)          
(Cost $222,223,753) - 99.9%       $223,002,937 
Other assets and liabilities, net - 0.1%        166,501 
TOTAL NET ASSETS - 100.0%       $223,169,438 

 

The accompanying notes are an integral part of the financial statements.

31

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

American Growth Trust

 

     Shares or     
     Principal     
     Amount   Value 
INVESTMENT COMPANIES - 100.0%          
American Funds Insurance Series - 100.0%          
American Growth Fund - Class 1   13,215,645   $878,840,362 
TOTAL INVESTMENT COMPANIES (Cost $724,533,517)       $878,840,362 
Total Investments (American Growth Trust)          
(Cost $724,533,517) - 100.0%       $878,840,362 
Other assets and liabilities, net - 0.0%        3,207 
TOTAL NET ASSETS - 100.0%       $878,843,569 

 

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   24,349,570   $1,064,563,199 
TOTAL INVESTMENT COMPANIES (Cost $935,511,628)       $1,064,563,199 
Total Investments (American Growth-Income Trust)          
(Cost $935,511,628) - 100.0%       $1,064,563,199 
Other assets and liabilities, net - 0.0%        4,462 
TOTAL NET ASSETS - 100.0%       $1,064,567,661 

 

American International Trust

 

     Shares or     
     Principal     
     Amount   Value
INVESTMENT COMPANIES - 100.0%          
American Funds Insurance Series - 100.0%          
American International Fund - Class 1   29,274,807   $519,627,820 
TOTAL INVESTMENT COMPANIES (Cost $486,455,794)       $519,627,820 
Total Investments (American International Trust)          
(Cost $486,455,794) - 100.0%       $519,627,820 
Other assets and liabilities, net - 0.0%        (2,279)
TOTAL NET ASSETS - 100.0%       $519,625,541 
           
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   3,890,883   $80,152,185 
TOTAL INVESTMENT COMPANIES (Cost $84,805,821)       $80,152,185 
Total Investments (American New World Trust)          
(Cost $84,805,821) - 100.0%       $80,152,185 
Other assets and liabilities, net - 0.0%        (15,730)
TOTAL NET ASSETS - 100.0%       $80,136,455 

 

Blue Chip Growth Trust

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS - 99.4%          
Consumer discretionary - 25.4%          
Auto components - 0.7%          
Delphi Automotive PLC   99,800   $7,117,736 
Johnson Controls International PLC   72,577    3,377,008 
         10,494,744 
Automobiles - 0.7%          
Ferrari NV   43,400    2,251,158 
Tesla Motors, Inc. (I)(L)   42,383    8,647,403 
         10,898,561 
Hotels, restaurants and leisure - 2.9%          
Carnival Corp.   2,000    97,640 
Hilton Worldwide Holdings, Inc.   413,122    9,472,887 
Las Vegas Sands Corp.   112,600    6,479,004 
Marriott International, Inc., Class A   101,429    6,829,215 
MGM Resorts International (I)   326,800    8,506,604 
Norwegian Cruise Line Holdings, Ltd. (I)   65,200    2,458,040 
Royal Caribbean Cruises, Ltd.   70,000    5,246,500 
Starbucks Corp.   101,700    5,506,038 
Yum! Brands, Inc.   20,600    1,870,686 
         46,466,614 
Internet and direct marketing retail - 14.8%          
Amazon.com, Inc. (I)   174,189    145,850,192 
Ctrip.com International, Ltd., ADR (I)   158,840    7,397,179 
Netflix, Inc. (I)   166,000    16,359,300 
The Priceline Group, Inc. (I)   43,700    64,304,113 
         233,910,784 
Media - 0.9%          
Charter Communications, Inc., Class A (I)   30,349    8,193,320 
Comcast Corp., Class A   39,400    2,613,796 
The Walt Disney Company   13,400    1,244,324 
Time Warner, Inc.   29,500    2,348,495 
         14,399,935 
Multiline retail - 0.2%          
Dollar General Corp.   51,900    3,632,481 
Specialty retail - 4.8%          
AutoZone, Inc. (I)   10,100    7,760,234 
L Brands, Inc.   1,700    120,309 
Lowe’s Companies, Inc.   282,500    20,399,325 
O’Reilly Automotive, Inc. (I)   61,900    17,338,809 
Ross Stores, Inc.   156,000    10,030,800 
The Home Depot, Inc.   128,300    16,509,644 
Tractor Supply Company   66,774    4,497,229 
         76,656,350 
Textiles, apparel and luxury goods - 0.4%          
Coach, Inc.   48,800    1,784,128 
Hanesbrands, Inc.   171,600    4,332,900 
NIKE, Inc., Class B   9,400    494,910 
         6,611,938 
         403,071,407 
Consumer staples - 3.3%          
Beverages - 0.7%          
Constellation Brands, Inc., Class A   30,200    5,027,998 
Molson Coors Brewing Company, Class B   31,700    3,480,660 
Monster Beverage Corp. (I)   12,600    1,849,806 
         10,358,464 
Food and staples retailing - 1.8%          
Costco Wholesale Corp.   19,800    3,019,698 
CVS Health Corp.   89,900    8,000,201 

 

The accompanying notes are an integral part of the financial statements.

32

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Blue Chip Growth Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Food and staples retailing (continued)          
Walgreens Boots Alliance, Inc.   226,000   $18,220,120 
         29,240,019 
Food products - 0.4%          
Mondelez International, Inc., Class A   117,400    5,153,860 
The Kraft Heinz Company   18,000    1,611,180 
         6,765,040 
Personal products - 0.1%          
The Estee Lauder Companies, Inc., Class A   12,800    1,133,568 
Tobacco - 0.3%          
Philip Morris International, Inc.   46,000    4,472,120 
         51,969,211 
Financials - 7.3%          
Banks - 0.4%          
Citigroup, Inc.   50,900    2,404,007 
JPMorgan Chase & Co.   71,600    4,767,844 
         7,171,851 
Capital markets - 6.1%          
Ameriprise Financial, Inc.   43,251    4,315,152 
BlackRock, Inc.   9,600    3,479,616 
CME Group, Inc.   21,800    2,278,536 
Intercontinental Exchange, Inc.   74,460    20,056,546 
Morgan Stanley   797,100    25,555,026 
Northern Trust Corp.   17,789    1,209,474 
S&P Global, Inc.   26,300    3,328,528 
State Street Corp.   173,507    12,081,292 
TD Ameritrade Holding Corp.   496,200    17,486,088 
The Bank of New York Mellon Corp.   116,500    4,646,020 
The Charles Schwab Corp.   86,200    2,721,334 
         97,157,612 
Insurance - 0.8%          
Aon PLC   5,600    629,944 
Chubb, Ltd.   14,700    1,847,055 
Marsh & McLennan Companies, Inc.   98,800    6,644,300 
Willis Towers Watson PLC   23,500    3,120,095 
         12,241,394 
         116,570,857 
Health care - 20.0%          
Biotechnology - 5.1%          
Alexion Pharmaceuticals, Inc. (I)   147,700    18,099,158 
Biogen, Inc. (I)   51,400    16,089,742 
Celgene Corp. (I)   203,600    21,282,308 
Regeneron Pharmaceuticals, Inc. (I)   900    361,818 
Shire PLC, ADR   64,187    12,443,292 
Vertex Pharmaceuticals, Inc. (I)   148,500    12,950,685 
         81,227,003 
Health care equipment and supplies - 5.5%          
Becton, Dickinson and Company   79,600    14,306,508 
C.R. Bard, Inc.   700    156,996 
Danaher Corp.   494,626    38,773,732 
DENTSPLY SIRONA, Inc.   9,400    558,642 
Intuitive Surgical, Inc. (I)   22,800    16,526,124 
Medtronic PLC   18,311    1,582,070 
Stryker Corp.   130,079    15,142,496 
         87,046,568 
Health care providers and services - 4.6%          
Aetna, Inc.   149,694    17,282,172 
Anthem, Inc.   14,700    1,842,057 

 

Blue Chip Growth Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Health care providers and services (continued)          
Cardinal Health, Inc.   14,900   $1,157,730 
Centene Corp. (I)   21,833    1,461,938 
Cigna Corp.   36,600    4,769,712 
Henry Schein, Inc. (I)   10,000    1,629,800 
Humana, Inc.   46,400    8,207,696 
McKesson Corp.   44,900    7,487,075 
UnitedHealth Group, Inc.   206,400    28,896,000 
         72,734,180 
Life sciences tools and services - 1.6%          
Agilent Technologies, Inc.   33,600    1,582,224 
Thermo Fisher Scientific, Inc.   151,000    24,018,060 
         25,600,284 
Pharmaceuticals - 3.2%          
Allergan PLC (I)   109,298    25,172,422 
Bristol-Myers Squibb Company   133,500    7,198,320 
Eli Lilly & Company   107,000    8,587,820 
Merck & Company, Inc.   37,400    2,334,134 
Pfizer, Inc.   45,300    1,534,311 
Zoetis, Inc.   114,700    5,965,547 
         50,792,554 
         317,400,589 
Industrials - 7.6%          
Aerospace and defense - 1.7%          
Northrop Grumman Corp.   18,900    4,043,655 
Raytheon Company   19,200    2,613,696 
Rockwell Collins, Inc.   10,900    919,306 
Textron, Inc.   58,400    2,321,400 
The Boeing Company   123,700    16,296,238 
         26,194,295 
Air freight and logistics - 0.6%          
FedEx Corp.   59,100    10,323,588 
Airlines - 2.4%          
Alaska Air Group, Inc.   114,500    7,540,970 
American Airlines Group, Inc.   588,700    21,552,307 
Delta Air Lines, Inc.   78,500    3,089,760 
United Continental Holdings, Inc. (I)   108,800    5,708,736 
         37,891,773 
Industrial conglomerates - 0.3%          
Roper Technologies, Inc.   28,700    5,236,889 
Machinery - 1.1%          
Fortive Corp.   242,613    12,349,002 
Pentair PLC   41,100    2,640,264 
Wabtec Corp.   27,100    2,212,715 
         17,201,981 
Professional services - 0.2%          
IHS Markit, Ltd. (I)   63,847    2,397,455 
Road and rail - 1.3%          
Canadian Pacific Railway, Ltd.   75,400    11,513,580 
J.B. Hunt Transport Services, Inc.   40,100    3,253,714 
Kansas City Southern   49,100    4,582,012 
Norfolk Southern Corp.   5,800    562,948 
Union Pacific Corp.   12,300    1,199,619 
         21,111,873 
         120,357,854 

 

The accompanying notes are an integral part of the financial statements.

33

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Blue Chip Growth Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Information technology - 33.0%          
Internet software and services - 16.2%          
Alibaba Group Holding, Ltd., ADR (I)   324,261   $34,303,571 
Alphabet, Inc., Class A (I)   50,466    40,577,692 
Alphabet, Inc., Class C (I)   89,098    69,254,984 
Baidu, Inc., ADR (I)   26,400    4,806,648 
Facebook, Inc., Class A (I)   621,308    79,695,177 
Tencent Holdings, Ltd.   1,002,500    27,871,519 
         256,509,591 
IT services - 7.7%          
Cognizant Technology          
Solutions Corp., Class A (I)   3,700    176,527 
Fidelity National Information Services, Inc.   51,300    3,951,639 
Fiserv, Inc. (I)   147,200    14,641,984 
FleetCor Technologies, Inc. (I)   17,200    2,988,156 
Mastercard, Inc.   409,700    41,695,169 
PayPal Holdings, Inc. (I)   242,900    9,951,613 
Visa, Inc., Class A   579,900    47,957,730 
         121,362,818 
Semiconductors and semiconductor equipment - 1.7%          
Broadcom, Ltd.   50,200    8,660,504 
NXP Semiconductors NV (I)   177,627    18,119,730 
         26,780,234 
Software - 6.6%          
Activision Blizzard, Inc.   13,600    602,480 
Electronic Arts, Inc. (I)   97,200    8,300,880 
Intuit, Inc.   11,000    1,210,110 
Microsoft Corp.   781,800    45,031,680 
Red Hat, Inc. (I)   100,187    8,098,115 
salesforce.com, Inc. (I)   335,700    23,945,481 
ServiceNow, Inc. (I)   176,000    13,930,400 
Workday, Inc., Class A (I)   46,500    4,263,585 
         105,382,731 
Technology hardware, storage and peripherals - 0.8%          
Apple, Inc.   116,700    13,192,935 
         523,228,309 
Materials - 0.7%          
Chemicals - 0.5%          
Ashland Global Holdings, Inc.   13,800    1,600,110 
E.I. du Pont de Nemours & Company   13,100    877,307 
Ecolab, Inc.   15,000    1,825,800 
PPG Industries, Inc.   1,200    124,032 
The Sherwin-Williams Company   13,100    3,624,246 
         8,051,495 
Containers and packaging - 0.2%          
Ball Corp.   46,500    3,810,675 
         11,862,170 
Real estate - 2.0%          
Equity real estate investment trusts - 2.0%          
American Tower Corp.   261,238    29,606,103 
Equinix, Inc.   4,600    1,657,150 
         31,263,253 
         31,263,253 
Utilities - 0.1%          
Electric utilities - 0.1%          
NextEra Energy, Inc.   15,500    1,895,960 
TOTAL COMMON STOCKS (Cost $1,027,546,922)       $1,577,619,610 

 

Blue Chip Growth Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value
SECURITIES LENDING COLLATERAL - 0.6%          
John Hancock Collateral Trust,          
0.6548% (W)(Y)   911,879   $9,124,806 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $9,124,741)       $9,124,806 
           
SHORT-TERM INVESTMENTS - 0.8%          
Money market funds - 0.8%          
State Street Institutional U.S. Government          
Money Market Fund, Premier          
Class, 0.2692% (Y)   499,590   $499,590 
T. Rowe Price Prime Reserve          
Fund, 0.3208% (Y)   11,880,221    11,880,221 
         12,379,811 
TOTAL SHORT-TERM INVESTMENTS (Cost $12,379,811)       $12,379,811 
Total Investments (Blue Chip Growth Trust)          
(Cost $1,049,051,474) - 100.8%       $1,599,124,227 
Other assets and liabilities, net - (0.8%)        (12,758,283)
TOTAL NET ASSETS - 100.0%       $1,586,365,944 
           
Bond Trust          
           
     Shares or     
     Principal     
     Amount   Value 
U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS - 39.4%          
U.S. Government - 15.3%          
Treasury Inflation Protected Securities          
0.375%, 07/15/2025  $96,495,111   $99,791,770 
U.S. Treasury Bonds          
2.500%, 02/15/2045 to 05/15/2046   180,467,000    187,355,648 
3.125%, 11/15/2041   150,545,000    175,702,424 
3.375%, 05/15/2044   152,300,000    186,353,366 
U.S. Treasury Notes          
0.750%, 07/15/2019   305,385,000    304,359,212 
1.000%, 06/30/2019   53,655,000    53,854,114 
1.500%, 08/15/2026   169,341,000    167,813,036 
1.750%, 09/30/2019 to 01/31/2023   187,090,000    191,675,246 
         1,366,904,816 
U.S. Government Agency - 24.1%          
Federal Home Loan Bank 1.125%, 04/25/2018   16,000,000    16,077,760 
Federal Home Loan Mortgage Corp.          
2.375%, 01/13/2022   12,500,000    13,162,975 
3.000%, 02/01/2043 to 05/01/2046   126,981,342    132,853,835 
3.500%, 01/01/2029 to 02/01/2045   132,406,498    141,468,238 
4.000%, 09/01/2041 to 11/01/2043   53,438,534    57,973,082 
4.500%, 08/01/2040 to 10/01/2041   72,867,526    80,194,745 
5.000%, 09/01/2040 to 03/01/2041   19,511,059    21,790,587 
5.500%, 05/01/2039   5,067,300    5,754,354 
Federal National Mortgage Association          
2.625%, 09/06/2024   8,300,000    8,877,912 
3.000%, 09/01/2027 to 04/01/2043   119,500,363    124,541,364 
3.500%, 02/01/2026 to 04/01/2045   399,824,562    425,958,581 
4.000%, 05/01/2025 to 06/01/2044   521,004,164    568,104,117 
4.500%, 01/01/2027 to 05/01/2042   289,997,134    319,207,462 
5.000%, 02/01/2033 to 12/01/2041   123,136,010    137,829,927 
5.500%, 10/01/2035 to 03/01/2041   37,452,978    42,689,721 
6.500%, 01/01/2039   11,447,390    13,342,576 
Government National Mortgage Association          
3.500%, 04/20/2046   14,610,340    15,530,483 

 

The accompanying notes are an integral part of the financial statements.

34

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS (continued)          
U.S. Government Agency (continued)          
Government National Mortgage          
Association (continued)          
4.000%, 10/15/2039 to 11/15/2041  $14,229,835   $15,380,496 
         2,140,738,215 
TOTAL U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS (Cost $3,419,979,370)       $3,507,643,031 
           
CORPORATE BONDS - 40.3%          
Consumer discretionary - 4.6%          
AutoNation, Inc.          
4.500%, 10/01/2025   6,050,000    6,415,680 
Brinker International, Inc.          
2.600%, 05/15/2018   9,353,000    9,353,000 
Charter Communications Operating LLC          
6.484%, 10/23/2045 (S)   14,260,000    17,282,935 
Delphi Automotive PLC          
4.250%, 01/15/2026   11,940,000    13,014,779 
Expedia, Inc.          
5.000%, 02/15/2026 (S)   22,525,000    23,721,078 
Ford Motor Company          
4.750%, 01/15/2043   8,470,000    8,829,247 
Ford Motor Credit Company LLC          
2.551%, 10/05/2018   11,390,000    11,556,590 
5.875%, 08/02/2021   32,919,000    37,538,885 
General Motors Company          
4.875%, 10/02/2023   23,865,000    25,867,846 
General Motors Financial Company, Inc.          
3.450%, 04/10/2022   18,925,000    19,197,274 
4.000%, 01/15/2025   18,400,000    18,637,894 
5.250%, 03/01/2026   9,165,000    10,036,747 
Lear Corp.          
5.250%, 01/15/2025   4,270,000    4,632,950 
Myriad International Holdings BV          
5.500%, 07/21/2025 (S)   8,425,000    9,052,663 
Newell Brands, Inc.          
2.150%, 10/15/2018   6,010,000    6,095,210 
4.200%, 04/01/2026   10,530,000    11,475,173 
O’Reilly Automotive, Inc.          
3.550%, 03/15/2026   9,415,000    9,986,877 
Omnicom Group, Inc.          
3.600%, 04/15/2026   9,565,000    10,115,303 
QVC, Inc.          
4.375%, 03/15/2023   12,905,000    12,945,135 
5.125%, 07/02/2022   9,060,000    9,603,944 
5.450%, 08/15/2034   11,775,000    10,917,592 
Scripps Networks Interactive, Inc.          
3.950%, 06/15/2025   9,820,000    10,343,111 
Seminole Tribe of Florida, Inc.          
6.535%, 10/01/2020 (S)   100,000    100,500 
Sirius XM Radio, Inc.          
5.250%, 08/15/2022 (S)   26,481,000    28,003,658 
Time Warner Cable LLC          
8.250%, 04/01/2019   15,105,000    17,391,806 
Time Warner, Inc.          
3.600%, 07/15/2025   9,570,000    10,185,475 
3.875%, 01/15/2026   22,920,000    24,840,008 
6.500%, 11/15/2036   8,901,000    11,526,243 
Viacom, Inc.          
4.375%, 03/15/2043   26,430,000    24,362,963 
         413,030,566 

 

Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Consumer staples - 2.2%          
Anheuser-Busch InBev Finance, Inc.          
4.900%, 02/01/2046  $34,470,000   $41,341,526 
Bunge, Ltd. Finance Corp.          
8.500%, 06/15/2019   9,463,000    11,087,570 
CVS Health Corp.          
2.875%, 06/01/2026   8,540,000    8,672,063 
5.125%, 07/20/2045   17,015,000    20,745,113 
Kraft Heinz Foods Company          
2.000%, 07/02/2018   18,065,000    18,243,464 
4.875%, 02/15/2025 (S)   8,105,000    8,940,236 
5.200%, 07/15/2045   12,080,000    14,321,082 
Molson Coors Brewing Company          
1.450%, 07/15/2019   5,300,000    5,284,248 
3.000%, 07/15/2026   12,760,000    12,856,606 
Pernod Ricard SA          
5.750%, 04/07/2021 (S)   11,632,000    13,399,610 
Walgreens Boots Alliance, Inc.          
1.750%, 05/30/2018   13,475,000    13,548,331 
Whole Foods Market, Inc.          
5.200%, 12/03/2025 (S)   20,580,000    22,364,327 
         190,804,176 
Energy - 4.6%          
Anadarko Petroleum Corp.          
8.700%, 03/15/2019   14,675,000    16,707,693 
Boardwalk Pipelines LP          
5.500%, 02/01/2017   5,820,000    5,875,302 
Columbia Pipeline Group, Inc.          
4.500%, 06/01/2025   17,965,000    19,523,572 
DCP Midstream LLC          
9.750%, 03/15/2019 (S)   14,925,000    16,596,600 
DCP Midstream Operating LP          
3.875%, 03/15/2023   6,220,000    5,940,100 
Emera US Finance LP          
3.550%, 06/15/2026 (S)   6,930,000    7,186,722 
Enbridge Energy Partners LP          
4.375%, 10/15/2020   8,922,000    9,410,105 
Energy Transfer Partners LP          
2.500%, 06/15/2018   7,425,000    7,475,572 
5.150%, 03/15/2045   12,840,000    11,919,732 
9.700%, 03/15/2019   10,360,000    11,885,365 
EnLink Midstream Partners LP          
4.150%, 06/01/2025   6,725,000    6,441,387 
4.850%, 07/15/2026   5,520,000    5,557,911 
Enterprise Products Operating LLC          
4.465%, 08/01/2066 (P)   16,460,000    15,515,196 
6.500%, 01/31/2019   16,515,000    18,317,711 
6.650%, 04/15/2018   6,845,000    7,355,712 
Kerr-McGee Corp.          
6.950%, 07/01/2024   12,690,000    15,262,390 
Kinder Morgan Energy Partners LP          
7.750%, 03/15/2032   6,675,000    8,028,937 
Kinder Morgan, Inc.          
4.300%, 06/01/2025   7,000,000    7,279,167 
5.550%, 06/01/2045   14,675,000    15,088,277 
Lukoil International Finance BV          
3.416%, 04/24/2018 (S)   18,780,000    19,059,371 
MPLX LP          
4.000%, 02/15/2025   5,585,000    5,507,017 
4.875%, 12/01/2024   11,797,000    12,268,880 
Northwest Pipeline LLC          
6.050%, 06/15/2018   23,354,000    24,609,114 
Occidental Petroleum Corp.          
3.400%, 04/15/2026   10,330,000    10,935,121 

 

The accompanying notes are an integral part of the financial statements.

35

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Energy (continued)          
ONEOK Partners LP          
3.200%, 09/15/2018  $10,580,000   $10,779,867 
Petroleos Mexicanos          
4.875%, 01/24/2022   8,950,000    9,106,625 
Regency Energy Partners LP          
5.500%, 04/15/2023   15,870,000    16,387,172 
Shell International Finance BV          
4.375%, 05/11/2045   26,885,000    29,037,440 
Sunoco Logistics Partners Operations LP          
3.900%, 07/15/2026   7,576,000    7,730,103 
4.400%, 04/01/2021   12,936,000    13,877,857 
Williams Partners LP          
4.875%, 05/15/2023 to 03/15/2024   34,730,000    35,123,864 
         405,789,882 
Financials - 14.2%          
American Express Company          
3.625%, 12/05/2024   10,435,000    10,875,023 
Aquarius & Investments PLC (6.375% to          
09/01/2019, then 5 Year U.S. Swap          
Rate + 5.210%)          
09/01/2024   13,270,000    13,868,716 
Ares Capital Corp.          
3.875%, 01/15/2020   15,750,000    16,290,698 
Assured Guaranty US Holdings, Inc.          
5.000%, 07/01/2024 (L)   18,655,000    20,853,156 
Australia & New Zealand Banking Group, Ltd.          
(6.750% to 06/15/2026, then 5 Year          
U.S. ISDAFIX + 5.168%)          
06/15/2026 (L)(Q)(S)   5,540,000    6,094,864 
AXA SA          
8.600%, 12/15/2030   2,020,000    2,848,200 
AXA SA (6.379% to 12/14/2036, then          
3 month LIBOR + 2.256%)          
12/14/2036 (Q)(S)   7,350,000    8,008,413 
Bank of America Corp.          
3.950%, 04/21/2025   5,180,000    5,365,361 
4.200%, 08/26/2024   10,300,000    10,891,642 
4.250%, 10/22/2026   10,435,000    11,042,891 
4.450%, 03/03/2026   19,155,000    20,569,616 
6.875%, 04/25/2018   19,066,000    20,560,336 
Barclays Bank PLC          
6.050%, 12/04/2017 (S)   18,450,000    19,291,966 
10.179%, 06/12/2021 (S)   17,215,000    22,002,044 
Barclays PLC          
4.375%, 01/12/2026   11,935,000    12,348,416 
BPCE SA          
4.500%, 03/15/2025 (S)   17,505,000    17,678,177 
5.700%, 10/22/2023 (S)   15,445,000    16,809,890 
Capital One Bank USA NA          
2.300%, 06/05/2019   24,797,000    25,082,736 
Capital One Financial Corp.          
2.450%, 04/24/2019   9,940,000    10,155,927 
3.750%, 07/28/2026   18,020,000    18,116,497 
4.200%, 10/29/2025   14,865,000    15,517,544 
Capital One NA          
2.350%, 08/17/2018   12,840,000    12,995,788 
Citigroup, Inc.          
4.500%, 01/14/2022   19,730,000    21,792,219 
4.600%, 03/09/2026   14,540,000    15,537,517 
CNA Financial Corp.          
7.250%, 11/15/2023   4,438,000    5,399,151 

 

Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Financials (continued)          
Cooperatieve Rabobank UA (11.000% to          
06/30/2019, then 3 month          
LIBOR + 10.868%)          
06/30/2019 (Q)(S)  $19,624,000   $23,769,570 
Credit Agricole SA          
4.375%, 03/17/2025 (S)   14,955,000    15,267,051 
Credit Agricole SA (8.125% to 09/19/2018,          
then 5 Year U.S. Swap Rate + 6.283%)          
09/19/2033 (S)   13,025,000    14,050,719 
Discover Bank          
2.600%, 11/13/2018   18,510,000    18,787,002 
8.700%, 11/18/2019   16,975,000    19,580,832 
Discover Financial Services          
3.950%, 11/06/2024   23,580,000    24,150,660 
5.200%, 04/27/2022   9,155,000    10,080,058 
Doric Nimrod Air Alpha 2013-1 Class B Pass          
Through Trust          
6.125%, 11/30/2021 (S)   6,455,198    6,737,613 
FS Investment Corp.          
4.000%, 07/15/2019   16,320,000    16,598,191 
HBOS PLC          
6.750%, 05/21/2018 (S)   31,463,000    33,626,018 
HSBC Holdings PLC (6.375% to 09/17/2024,          
then 5 Year U.S. ISDAFIX + 3.705%)          
09/17/2024 (Q)   7,190,000    7,082,150 
HSBC Holdings PLC (6.875% to 06/01/2021,          
then 5 Year U.S. ISDAFIX + 5.514%)          
06/01/2021 (Q)   11,750,000    12,308,125 
ING Bank NV          
5.800%, 09/25/2023 (S)   18,415,000    20,593,310 
Jefferies Group LLC          
6.875%, 04/15/2021   15,920,000    18,574,740 
8.500%, 07/15/2019   8,390,000    9,657,863 
JPMorgan Chase & Co.          
3.200%, 06/15/2026   13,615,000    13,981,897 
4.625%, 05/10/2021   24,630,000    27,277,922 
JPMorgan Chase & Co. (6.750% to          
02/01/2024, then 3 month LIBOR + 3.780%)          
02/01/2024 (Q)   25,790,000    28,755,850 
Leucadia National Corp.          
5.500%, 10/18/2023   19,450,000    20,445,918 
Lloyds Banking Group PLC          
4.650%, 03/24/2026   31,040,000    31,958,660 
Macquarie Bank, Ltd.          
4.875%, 06/10/2025 (S)   19,595,000    20,626,755 
Manufacturers & Traders Trust Company          
(5.629% to 12/01/2016, then 3 month          
LIBOR + 6.400%)          
12/01/2021   23,610,000    23,191,772 
MetLife, Inc.          
6.400%, 12/15/2066   13,020,000    14,411,513 
Mizuho Financial Group Cayman 3, Ltd.          
4.600%, 03/27/2024 (S)   12,950,000    14,302,381 
Morgan Stanley          
2.450%, 02/01/2019   9,355,000    9,524,513 
3.875%, 01/27/2026   12,575,000    13,376,028 
5.500%, 01/26/2020   15,440,000    17,120,953 
7.300%, 05/13/2019   27,030,000    30,717,730 
Nippon Life Insurance Company (5.100% to          
10/16/2024, then 5 Year          
U.S. ISDAFIX + 3.650%)          
10/16/2044 (S)   13,980,000    15,414,348 

 

The accompanying notes are an integral part of the financial statements.

36

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Financials (continued)          
Prudential Financial, Inc. (5.200% to          
03/15/2024, then 3 month LIBOR + 3.040%)          
03/15/2044  $9,390,000   $9,683,438 
Prudential Financial, Inc. (5.875% to          
09/15/2022, then 3 month LIBOR + 4.175%)          
09/15/2042   19,670,000    21,700,928 
Royal Bank of Scotland Group PLC          
4.800%, 04/05/2026   10,755,000    11,081,511 
S&P Global, Inc.          
2.950%, 01/22/2027 (S)   9,390,000    9,421,353 
4.000%, 06/15/2025   18,130,000    19,651,905 
4.400%, 02/15/2026   12,410,000    13,875,571 
Santander Holdings USA, Inc.          
2.700%, 05/24/2019   20,345,000    20,597,665 
3.450%, 08/27/2018   11,565,000    11,855,166 
Santander UK Group Holdings PLC          
4.750%, 09/15/2025 (S)   11,030,000    11,042,398 
Standard Chartered PLC          
2.100%, 08/19/2019 (S)   23,915,000    23,903,664 
Stifel Financial Corp.          
4.250%, 07/18/2024   11,940,000    12,083,793 
Sumitomo Mitsui Banking Corp.          
2.450%, 01/10/2019   20,362,000    20,703,064 
SunTrust Bank          
7.250%, 03/15/2018   10,935,000    11,788,466 
Teachers Insurance & Annuity Association of          
America          
6.850%, 12/16/2039 (S)   21,405,000    29,159,796 
The Goldman Sachs Group, Inc.          
2.000%, 04/25/2019   8,990,000    9,048,723 
3.750%, 05/22/2025   24,645,000    25,893,392 
4.750%, 10/21/2045   8,335,000    9,377,525 
The Hartford Financial Services Group, Inc.          
(8.125% to 06/15/2018, then 3 month          
LIBOR + 4.603%)          
06/15/2068   18,325,000    20,020,063 
The PNC Financial Services Group, Inc.          
(4.850% to 06/01/2023, then 3 month          
LIBOR + 3.040%)          
06/01/2023 (Q)   12,182,000    12,150,327 
The PNC Financial Services Group, Inc.          
(6.750% to 08/01/2021, then 3 month          
LIBOR + 3.678%)          
08/01/2021 (Q)   7,640,000    8,556,800 
Wells Fargo & Company          
4.650%, 11/04/2044   8,645,000    9,116,576 
Wells Fargo & Company (5.875% to          
06/15/2025, then 3 month LIBOR + 3.990%)          
06/15/2025 (Q)   25,820,000    28,014,700 
Wells Fargo & Company (5.900% to          
06/15/2024, then 3 month LIBOR + 3.110%)          
06/15/2024 (Q)   9,665,000    10,015,356 
Wells Fargo & Company, Series K (7.980% to          
03/15/2018, then 3 month LIBOR + 3.770%)          
03/15/2018 (Q)   12,598,000    13,166,170 
         1,263,875,280 
Health care - 2.7%          
AbbVie, Inc.          
3.600%, 05/14/2025   20,165,000    21,089,545 
Actavis Funding SCS          
3.800%, 03/15/2025   11,090,000    11,743,578 
Amgen, Inc.          
4.400%, 05/01/2045   7,705,000    8,113,943 

 

Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Health care (continued)          
Baxalta, Inc.          
2.000%, 06/22/2018  $8,780,000   $8,801,432 
Baxter International, Inc.          
3.500%, 08/15/2046   7,540,000    7,125,579 
Celgene Corp.          
5.000%, 08/15/2045   16,385,000    18,493,340 
Express Scripts Holding Company          
4.500%, 02/25/2026   20,435,000    22,426,963 
Medco Health Solutions, Inc.          
7.125%, 03/15/2018   17,850,000    19,241,479 
Medtronic, Inc.          
4.625%, 03/15/2045   10,840,000    12,766,788 
Mylan NV          
2.500%, 06/07/2019 (S)   11,034,000    11,131,232 
3.950%, 06/15/2026 (S)   28,080,000    28,307,336 
Shire Acquisitions Investments Ireland DAC          
1.900%, 09/23/2019   15,160,000    15,173,947 
3.200%, 09/23/2026   22,680,000    22,742,551 
Teva Pharmaceutical Finance          
Netherlands III BV          
3.150%, 10/01/2026   9,905,000    9,957,417 
Universal Health Services, Inc.          
4.750%, 08/01/2022 (S)   8,705,000    8,987,913 
Zimmer Biomet Holdings, Inc.          
3.550%, 04/01/2025   16,160,000    16,664,468 
         242,767,511 
Industrials - 4.2%          
AerCap Ireland Capital, Ltd.          
4.625%, 10/30/2020   14,145,000    14,852,250 
Air Lease Corp.          
3.000%, 09/15/2023   8,990,000    8,887,784 
3.375%, 01/15/2019 (L)   5,570,000    5,721,058 
3.875%, 04/01/2021   8,645,000    9,142,088 
5.625%, 04/01/2017   5,610,000    5,705,662 
America West Airlines 2000-1 Pass          
Through Trust          
8.057%, 01/02/2022   1,181,779    1,335,411 
American Airlines 2013-1 Class A Pass          
Through Trust          
4.000%, 01/15/2027   6,187,305    6,574,011 
American Airlines 2013-2 Class A Pass          
Through Trust          
4.950%, 07/15/2024   12,530,108    13,626,492 
American Airlines 2015-1 Class A Pass          
Through Trust          
3.375%, 11/01/2028   17,591,575    18,031,364 
American Airlines 2016-1 Class AA Pass          
Through Trust          
3.575%, 07/15/2029   14,090,390    14,900,588 
British Airways 2013-1 Class A Pass          
Through Trust          
4.625%, 06/20/2024 (S)   24,016,321    25,749,603 
British Airways 2013-1 Class B Pass          
Through Trust          
5.625%, 12/20/2021 (S)   6,130,365    6,452,209 
Continental Airlines 1997-4 Class A Pass          
Through Trust          
6.900%, 07/02/2019   1,391,951    1,418,955 
Continental Airlines 1998-1 Class A Pass          
Through Trust          
6.648%, 03/15/2019   650,159    660,691 

 

The accompanying notes are an integral part of the financial statements.

37

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Industrials (continued)          
Continental Airlines 1999-1 Class A Pass          
Through Trust          
6.545%, 08/02/2020  $3,213,780   $3,408,535 
Continental Airlines 2007-1 Class A Pass          
Through Trust          
5.983%, 10/19/2023   12,450,473    14,037,908 
Delta Air Lines 2002-1 Class G-1 Pass          
Through Trust          
6.718%, 07/02/2024   1,875,315    2,165,989 
Delta Air Lines 2010-1 Class A Pass          
Through Trust          
6.200%, 01/02/2020   1,727,304    1,835,260 
Delta Air Lines 2011-1 Class A Pass          
Through Trust          
5.300%, 10/15/2020   5,480,521    5,864,158 
General Electric Company          
1.297%, 08/15/2036 (P)   9,945,000    8,506,147 
General Electric Company (5.000% to          
01/21/2021, then 3 month LIBOR + 3.330%)          
01/21/2021 (Q)   22,403,000    23,823,350 
International Lease Finance Corp.          
5.875%, 04/01/2019   7,724,000    8,274,335 
7.125%, 09/01/2018 (S)   9,460,000    10,323,225 
Lockheed Martin Corp.          
2.900%, 03/01/2025   13,522,000    13,952,338 
4.700%, 05/15/2046   11,890,000    14,163,701 
Northwest Airlines 2007-1 Class A Pass          
Through Trust          
7.027%, 05/01/2021   919,306    1,043,413 
Penske Truck Leasing Company LP          
2.875%, 07/17/2018 (S)   12,205,000    12,440,776 
3.375%, 02/01/2022 (S)   22,625,000    23,530,068 
Textron, Inc.          
7.250%, 10/01/2019   7,700,000    8,821,513 
Trinity Industries, Inc.          
4.550%, 10/01/2024   20,370,000    20,267,946 
UAL 2009-2A Pass Through Trust          
9.750%, 07/15/2018   2,851,872    2,918,006 
United Airlines 2014-2 Class A Pass          
Through Trust          
3.750%, 03/03/2028   15,520,055    16,334,858 
United Airlines 2014-2 Class B Pass          
Through Trust          
4.625%, 03/03/2024   6,329,589    6,424,533 
United Airlines 2016-1 Class A Pass          
Through Trust          
3.450%, 01/07/2030   8,040,000    8,381,700 
US Airways 2010-1 Class A Pass          
Through Trust          
6.250%, 10/22/2024   3,253,971    3,685,122 
US Airways 2012-1 Class A Pass          
Through Trust          
5.900%, 04/01/2026   9,805,189    11,275,968 
Verisk Analytics, Inc.          
4.000%, 06/15/2025   21,500,000    22,842,353 
         377,379,368 
Information technology - 2.2%          
Activision Blizzard, Inc.          
3.400%, 09/15/2026 (S)   12,700,000    12,762,548 
6.125%, 09/15/2023 (S)   12,235,000    13,443,206 
Diamond 1 Finance Corp.          
3.480%, 06/01/2019 (S)   23,135,000    23,790,415 
6.020%, 06/15/2026 (S)   27,890,000    30,593,182 

 

Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Information technology (continued)          
eBay, Inc.          
2.500%, 03/09/2018  $8,435,000   $8,554,043 
Electronic Arts, Inc.          
4.800%, 03/01/2026   24,110,000    26,566,182 
Lam Research Corp.          
3.900%, 06/15/2026   8,885,000    9,257,113 
Micron Technology, Inc.          
7.500%, 09/15/2023 (S)   4,825,000    5,359,321 
Microsoft Corp.          
4.450%, 11/03/2045   17,960,000    20,467,521 
Visa, Inc.          
3.150%, 12/14/2025   17,295,000    18,280,331 
4.300%, 12/14/2045   12,875,000    14,919,112 
Western Digital Corp.          
7.375%, 04/01/2023 (S)   8,610,000    9,449,475 
         193,442,449 
Materials - 0.6%          
Braskem Finance, Ltd.          
7.000%, 05/07/2020 (S)   17,090,000    18,799,000 
Glencore Finance Canada, Ltd.          
3.600%, 01/15/2017 (S)   20,580,000    20,604,696 
Incitec Pivot Finance LLC          
6.000%, 12/10/2019 (S)   9,460,000    10,245,180 
         49,648,876 
Real estate - 2.5%          
American Tower Corp.          
3.400%, 02/15/2019   12,115,000    12,587,231 
4.700%, 03/15/2022   11,995,000    13,333,498 
Crown Castle International Corp.          
4.450%, 02/15/2026   11,865,000    13,038,674 
Crown Castle Towers LLC          
4.883%, 08/15/2040 (S)   25,984,000    28,399,109 
6.113%, 01/15/2040 (S)   19,877,000    22,028,673 
EPR Properties          
4.500%, 04/01/2025   14,435,000    14,634,896 
ERP Operating LP          
3.375%, 06/01/2025   3,935,000    4,109,667 
Highwoods Realty LP          
5.850%, 03/15/2017   15,850,000    16,134,840 
Omega Healthcare Investors, Inc.          
4.500%, 01/15/2025   10,235,000    10,417,787 
4.950%, 04/01/2024   10,275,000    10,806,197 
5.250%, 01/15/2026   6,280,000    6,699,422 
Ventas Realty LP          
3.500%, 02/01/2025   20,000,000    20,645,260 
3.750%, 05/01/2024   4,439,000    4,668,638 
Welltower, Inc.          
3.750%, 03/15/2023   5,975,000    6,277,317 
4.000%, 06/01/2025   23,365,000    24,789,424 
4.125%, 04/01/2019   11,080,000    11,651,085 
         220,221,718 
Telecommunication services - 1.5%          
AT&T, Inc.          
4.450%, 04/01/2024   19,175,000    21,086,441 
4.750%, 05/15/2046   9,810,000    10,319,580 
CC Holdings GS V LLC          
3.849%, 04/15/2023   13,135,000    14,073,667 
Qwest Corp.          
6.750%, 12/01/2021   11,030,000    12,284,663 
SBA Tower Trust          
3.598%, 04/15/2043 (S)   10,620,000    10,655,611 

 

The accompanying notes are an integral part of the financial statements.

38

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Telecommunication services (continued)          
Verizon Communications, Inc.          
4.400%, 11/01/2034  $10,050,000   $10,654,528 
4.672%, 03/15/2055   9,855,000    10,366,770 
4.862%, 08/21/2046   29,080,000    32,654,310 
5.012%, 08/21/2054   10,386,000    11,500,231 
         133,595,801 
Utilities - 1.0%          
Beaver Valley II Funding Corp.          
9.000%, 06/01/2017 (L)   357,000    375,519 
Constellation Energy Group, Inc.          
5.150%, 12/01/2020   11,220,000    12,476,887 
Electricite de France SA          
3.625%, 10/13/2025 (S)   9,045,000    9,516,317 
Electricite de France SA (5.250% to          
01/29/2023, then 10 Year U.S. Swap          
Rate + 3.709%)          
01/29/2023 (Q)(S)   19,320,000    18,887,232 
NextEra Energy Capital Holdings, Inc.          
1.649%, 09/01/2018   9,415,000    9,450,316 
2.300%, 04/01/2019   7,740,000    7,862,292 
2.400%, 09/15/2019   9,760,000    9,950,096 
Oncor Electric Delivery Company LLC          
2.950%, 04/01/2025   14,420,000    14,992,517 
Southern California Edison Company (6.250%          
to 02/01/2022, then 3 month          
LIBOR + 4.199%)          
02/01/2022 (Q)   8,285,000    9,196,350 
W3A Funding Corp.          
8.090%, 01/02/2017   53,263    53,262 
         92,760,788 
TOTAL CORPORATE BONDS (Cost $3,428,562,427)       $3,583,316,415 
           
CAPITAL PREFERRED SECURITIES - 0.4%          
Financials - 0.4%          
MetLife Capital Trust IV (7.875% to          
12/15/2032, then 3 month LIBOR + 3.960%)          
12/15/2067 (S)   3,265,000    4,096,262 
MetLife Capital Trust X (9.250% to          
04/08/2033, then 3 month LIBOR + 5.540%)          
04/08/2068 (S)   10,535,000    15,156,705 
State Street Capital Trust IV          
1.652%, 06/01/2077 (P)   13,150,000    11,309,000 
ZFS Finance USA Trust V (6.500% to          
05/09/2017, then 3 month LIBOR + 2.285%)          
05/09/2067 (S)   7,350,000    7,419,458 
         37,981,425 
TOTAL CAPITAL PREFERRED          
SECURITIES (Cost $35,522,742)       $37,981,425 
           
COLLATERALIZED MORTGAGE          
OBLIGATIONS - 1.6%          
Commercial and residential - 0.3%          
BBCMS Trust, Series 2015-SLP, Class C          
2.443%, 02/15/2028 (P)(S)   8,055,000    7,927,724 
Deutsche Bank Commercial Mortgage Trust,          
Series 2016-C3, Class C          
3.636%, 09/10/2049 (P)   4,140,000    4,034,402 
GS Mortgage Securities Trust,          
Series 2014-NEW, Class C          
3.790%, 01/10/2031 (S)   5,175,000    5,241,330 

 

Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
Commercial and residential (continued)          
Wells Fargo Commercial Mortgage Trust,          
Series 2014-LC18, Class A2          
2.954%, 12/15/2047  $4,810,000   $5,003,600 
WFCG Commercial Mortgage Trust,          
Series 2015-BXRP, Class D          
3.005%, 11/15/2029 (P)(S)   2,149,168    2,106,425 
U.S. Government Agency - 1.3%          
Federal Home Loan Mortgage Corp.          
Series 2016-DNA3, Class M2,          
2.670%, 12/25/2028 (P)   5,210,000    5,297,272 
Series 2016-HQA2, Class M2,          
2.694%, 11/25/2028 (P)   5,905,000    6,054,667 
Series 288, Class IO, 3.000%, 10/15/2027   1,658,740    164,985 
Series 290, Class IO, 3.500%, 11/15/2032   2,129,248    309,861 
Series 3833, Class LI IO,          
1.839%, 10/15/2040   48,448,492    2,850,656 
Series 4136, Class IH IO,          
3.500%, 09/15/2027   1,298,216    137,715 
Series K017, Class X1 IO,          
1.523%, 12/25/2021   101,492,262    5,941,722 
Series K018, Class X1 IO,          
1.544%, 01/25/2022   112,931,279    6,715,967 
Series K021, Class X1 IO,          
1.488%, 06/25/2022   23,530,811    1,645,164 
Series K022, Class X1 IO,          
1.398%, 07/25/2022   337,801,069    20,336,368 
Series K026, Class X1 IO,          
1.157%, 11/25/2022   169,339,624    8,749,931 
Series K038, Class X1 IO,          
1.345%, 03/25/2024   248,844,705    17,817,156 
Series K048, Class X1 IO,          
0.256%, 06/25/2025   166,632,441    3,281,826 
Series K707, Class X1 IO,          
1.668%, 12/25/2018   118,827,095    3,359,884 
Series K709, Class X1 IO,          
1.652%, 03/25/2019   93,889,488    2,933,333 
Series K710, Class X1 IO,          
1.892%, 05/25/2019   126,803,090    4,757,348 
Series K711, Class X1 IO,          
1.817%, 07/25/2019   272,006,284    10,641,919 
Federal National Mortgage Association,          
Series 2012-137, Class WI IO          
3.500%, 12/25/2032   1,276,062    178,022 
Government National Mortgage Association          
Series 2012-114, Class IO,          
0.901%, 01/16/2053   47,284,065    3,029,405 
Series 2013-6, Class AI IO,          
3.500%, 08/20/2039   46,970,611    5,950,383 
Series 2016-87, Class IO,          
1.010%, 08/16/2058   67,189,649    5,495,750 
         115,649,334 
TOTAL COLLATERALIZED MORTGAGE          
OBLIGATIONS (Cost $139,476,157)       $139,962,815 
           
ASSET BACKED SECURITIES - 15.7%          
Ally Auto Receivables Trust          
Series 2014-2, Class A4,          
1.840%, 01/15/2020   27,360,000    27,616,475 
Series 2015-1, Class A4,          
1.750%, 05/15/2020   18,525,000    18,725,585 
Ally Master Owner Trust, Series 2015-3,          
Class A 1.630%, 05/15/2020   27,900,000    28,017,626 

 

The accompanying notes are an integral part of the financial statements.

39

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
ASSET BACKED SECURITIES (continued)          
American Express Credit Account          
Master Trust, Series 2014-4, Class A          
1.430%, 06/15/2020  $28,685,000   $28,810,500 
BA Credit Card Trust, Series 2015-A2,          
Class A 1.360%, 09/15/2020   41,115,000    41,279,078 
Bank of the West Auto Trust          
Series 2014-1, Class A4,          
1.650%, 03/16/2020 (S)   16,380,000    16,453,287 
Series 2015-1, Class A4,          
1.660%, 09/15/2020 (S)   22,825,000    22,956,255 
BMW Vehicle Owner Trust, Series 2016-A,          
Class A4 1.600%, 12/27/2022   10,405,000    10,434,258 
Cabela’s Credit Card Master Note Trust          
Series 2013-2A, Class A1,          
2.170%, 08/16/2021 (S)   10,710,000    10,830,476 
Series 2015-1A, Class A1,          
2.260%, 03/15/2023   3,135,000    3,190,629 
Series 2016-1, Class A1,          
1.780%, 06/15/2022   27,162,500    27,220,112 
California Republic Auto Receivables Trust          
Series 2014-4, Class A4,          
1.840%, 06/15/2020   18,570,000    18,719,966 
Series 2015-2, Class A4,          
1.750%, 01/15/2021   22,285,000    22,435,566 
Series 2016-2, Class A4,          
2.140%, 12/15/2021   8,180,000    8,243,245 
Capital One Multi-Asset Execution Trust          
Series 2007-A7, Class A7,          
5.750%, 07/15/2020   12,480,000    13,026,539 
Series 2015-A5, Class A5,          
1.600%, 05/17/2021   25,240,000    25,442,859 
Series 2016-A3, Class A3,          
1.340%, 04/15/2022   28,125,000    28,190,301 
CarMax Auto Owner Trust          
Series 2015-2, Class A4,          
1.800%, 03/15/2021   10,975,000    11,096,498 
Series 2016-1, Class A4,          
1.880%, 06/15/2021   10,260,000    10,403,333 
Series 2016-2, Class A4,          
1.680%, 09/15/2021   11,525,000    11,617,276 
Chase Issuance Trust          
Series 2014-A7, Class A,          
1.380%, 11/15/2019   31,978,000    32,097,105 
Series 2015-A2, Class A2,          
1.590%, 02/18/2020   29,105,000    29,278,923 
Series 2015-A5, Class A5,          
1.360%, 04/15/2020   47,755,000    47,939,755 
Series 2016-A2, Class A,          
1.370%, 06/15/2021   24,205,000    24,273,466 
Chrysler Capital Auto Receivables Trust          
Series 2014-BA, Class A4,          
1.760%, 12/16/2019 (S)   8,000,000    8,032,114 
Series 2015-AA, Class A4,          
1.550%, 02/18/2020 (S)   35,345,000    35,385,124 
Citibank Credit Card Issuance Trust          
Series 2007-A8, Class A8,          
5.650%, 09/20/2019   17,115,000    17,868,163 
Series 2014-A8, Class A8,          
1.730%, 04/09/2020   34,765,000    35,091,374 
CNH Equipment Trust          
Series 2015-C, Class A3,          
1.660%, 11/16/2020   31,405,000    31,589,561 
Series 2016-B, Class A3,          
1.630%, 08/16/2021   9,000,000    9,067,838 

 

Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
ASSET BACKED SECURITIES (continued)          
DB Master Finance LLC, Series 2015-1A,          
Class A2II 3.980%, 02/20/2045 (S)  $32,854,675   $33,586,644 
Discover Card Execution Note Trust,          
Series 2016-A1, Class A1          
1.640%, 07/15/2021   50,115,000    50,579,461 
Ford Credit Auto Owner Trust          
Series 2015-A, Class A4,          
1.640%, 06/15/2020   13,420,000    13,487,552 
Series 2015-B, Class A4,          
1.580%, 08/15/2020   13,810,000    13,862,405 
Series 2016-B, Class A4,          
1.520%, 08/15/2021   6,335,000    6,370,156 
Ford Credit Floorplan Master Owner Trust          
Series 2012-5, Class A, 1.490%, 09/15/2019   25,960,000    26,043,402 
Series 2014-4, Class A1,          
1.400%, 08/15/2019   35,760,000    35,855,243 
Series 2015-1, Class A1,          
1.420%, 01/15/2020   29,125,000    29,201,940 
GM Financial Automobile Leasing Trust          
Series 2015-1, Class A4,          
1.730%, 06/20/2019   7,740,000    7,782,222 
Series 2015-2, Class A4,          
1.850%, 07/22/2019   24,361,000    24,535,785 
GMF Floorplan Owner Revolving Trust,          
Series 2015-1, Class A1          
1.650%, 05/15/2020 (S)   15,635,000    15,625,466 
Hertz Vehicle Financing LLC, Series 2016-3A,          
Class A 2.270%, 07/25/2020 (S)   13,069,000    13,079,340 
Honda Auto Receivables Owner Trust          
Series 2014-3, Class A4,          
1.310%, 10/15/2020   42,515,000    42,627,303 
Series 2015-1, Class A4,          
1.320%, 11/16/2020   20,360,000    20,408,084 
Series 2015-2, Class A4,          
1.470%, 08/23/2021   20,085,000    20,181,193 
Series 2015-3, Class A4,          
1.560%, 10/18/2021   20,250,000    20,398,505 
Series 2016-2, Class A4,          
1.620%, 08/15/2022   16,120,000    16,239,623 
Huntington Auto Trust, Series 2015-1,          
Class A4 1.640%, 06/15/2021   12,280,000    12,373,738 
Hyundai Auto Receivables Trust,          
Series 2015-A, Class A4          
1.370%, 07/15/2020   19,100,000    19,157,739 
John Deere Owner Trust          
Series 2014-B, Class A4,          
1.500%, 06/15/2021   20,870,000    20,963,798 
Series 2015-A, Class A4,          
1.650%, 12/15/2021   10,555,000    10,630,526 
MVW Owner Trust, Series 2014-1A, Class A          
2.250%, 09/22/2031 (S)   4,339,727    4,340,020 
Nissan Auto Receivables Owner Trust          
Series 2015-A, Class A4,          
1.500%, 09/15/2021   42,370,000    42,576,139 
Series 2016-B, Class A4,          
1.540%, 10/17/2022   8,655,000    8,722,860 
Nissan Master Owner Trust Receivables Trust,          
Series 2015-A, Class A2          
1.440%, 01/15/2020   29,325,000    29,389,257 
SunTrust Auto Receivables Trust,          
Series 2015-1A, Class A4          
1.780%, 01/15/2021 (S)   22,805,000    22,952,719 
Synchrony Credit Card Master Note Trust,          
Series 2016-1, Class A 2.040%, 03/15/2022   13,425,000    13,623,279 

 

The accompanying notes are an integral part of the financial statements.

40

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
ASSET BACKED SECURITIES (continued)          
Taco Bell Funding LLC, Series 2016-1A,          
Class A2I 3.832%, 05/25/2046 (S)  $17,510,000   $17,755,910 
Toyota Auto Receivables Owner Trust          
Series 2015-B, Class A4,          
1.740%, 09/15/2020   19,030,000    19,215,822 
Series 2016-B, Class A4,          
1.520%, 08/16/2021   10,275,000    10,325,289 
Series 2016-C, Class A4,          
1.320%, 11/15/2021   9,000,000    8,976,454 
USAA Auto Owner Trust, Series 2015-1,          
Class A4 1.540%, 11/16/2020   14,890,000    14,988,561 
Verizon Owner Trust, Series 2016-1A, Class A          
1.420%, 01/20/2021 (S)   14,935,000    14,968,786 
Volkswagen Credit Auto Master Trust,          
Series 2014-1A, Class A2          
1.400%, 07/22/2019 (S)   16,680,000    16,666,079 
Wendys Funding LLC, Series 2015-1A,          
Class A2I 3.371%, 06/15/2045 (S)   30,675,150    30,810,550 
Westgate Resorts LLC          
Series 2014-1A, Class A,          
2.150%, 12/20/2026 (S)   3,346,243    3,309,435 
Series 2016-1A, Class A,          
3.500%, 12/20/2028 (S)   7,004,095    7,009,102 
World Omni Auto Receivables Trust,          
Series 2016-A, Class A3          
1.770%, 09/15/2021   26,825,000    27,136,012 
TOTAL ASSET BACKED SECURITIES (Cost $1,395,895,935)       $1,401,089,686 
           
SECURITIES LENDING COLLATERAL - 0.3%          
John Hancock          
Collateral Trust, 0.6548% (W)(Y)   2,449,470    24,510,870 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $24,510,720)       $24,510,870 
           
SHORT-TERM INVESTMENTS - 0.9%          
U.S. Government Agency - 0.2%          
Federal Agricultural Mortgage Corp. Discount          
Note          
0.200%, 10/03/2016*  $3,860,000   $3,860,000 
Federal Home Loan Bank Discount Note          
0.100%, 10/03/2016*   11,707,000    11,706,935 
         15,566,935 
Repurchase agreement - 0.7%          
Barclays Tri-Party Repurchase Agreement          
dated 09/30/2016 at 0.420% to be          
repurchased at $24,166,846 on 10/03/2016,          
collateralized by $23,760,600 U.S. Treasury          
Inflation Indexed Notes, 0.125% due          
04/15/2021 (valued at $24,650,213,          
including interest)   24,166,000    24,166,000 
Repurchase Agreement with State Street Corp.          
dated 09/30/2016 at 0.030% to be          
repurchased at $38,213,096 on 10/03/2016,          
collateralized by $35,355,000 U.S. Treasury          
Notes, 3.500% due 05/15/2020 (valued at          
$38,978,888, including interest)   38,213,000    38,213,000 
         62,379,000 
TOTAL SHORT-TERM INVESTMENTS (Cost $77,945,892)       $77,945,935 
Total Investments (Bond Trust) (Cost $8,521,893,243) - 98.6%       $8,772,450,177 
Other assets and liabilities, net - 1.4%        121,797,747 
TOTAL NET ASSETS - 100.0%       $8,894,247,924 

 

Capital Appreciation Trust

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS - 99.8%          
Consumer discretionary - 28.7%          
Automobiles - 0.9%          
Tesla Motors, Inc. (I)(L)   38,563   $7,868,005 
Hotels, restaurants and leisure - 4.4%          
Marriott International, Inc., Class A   225,684    15,195,304 
McDonald’s Corp.   76,784    8,857,802 
Starbucks Corp.   273,263    14,794,459 
         38,847,565 
Internet and direct marketing retail - 10.5%          
Amazon.com, Inc. (I)   71,501    59,868,502 
Expedia, Inc.   15,929    1,859,233 
Netflix, Inc. (I)   152,844    15,062,776 
The Priceline Group, Inc. (I)   11,565    17,017,782 
         93,808,293 
Media - 1.5%          
The Walt Disney Company   48,220    4,477,709 
Time Warner, Inc.   113,645    9,047,278 
         13,524,987 
Specialty retail - 7.2%          
Industria de Diseno Textil SA   608,618    22,566,259 
O’Reilly Automotive, Inc. (I)   57,626    16,141,619 
The Home Depot, Inc.   83,612    10,759,192 
The TJX Companies, Inc.   138,833    10,381,932 
Ulta Salon Cosmetics & Fragrance, Inc. (I)   17,225    4,099,206 
         63,948,208 
Textiles, apparel and luxury goods - 4.2%          
adidas AG   89,412    15,550,927 
lululemon athletica, Inc. (I)(L)   89,872    5,480,395 
NIKE, Inc., Class B   310,486    16,347,088 
         37,378,410 
         255,375,468 
Consumer staples - 3.5%          
Beverages - 2.1%          
Constellation Brands, Inc., Class A   41,130    6,847,734 
Monster Beverage Corp. (I)   80,892    11,875,755 
         18,723,489 
Food and staples retailing - 1.4%          
Costco Wholesale Corp.   79,308    12,095,263 
         30,818,752 
Energy - 2.4%          
Energy equipment and services - 1.0%          
Halliburton Company   189,543    8,506,690 
Oil, gas and consumable fuels - 1.4%          
Concho Resources, Inc. (I)   90,052    12,368,642 
         20,875,332 
Financials - 2.2%          
Capital markets - 2.2%          
S&P Global, Inc.   79,923    10,115,055 
The Goldman Sachs Group, Inc.   55,734    8,988,222 
         19,103,277 
         19,103,277 
Health care - 14.0%          
Biotechnology - 9.3%          
Alexion Pharmaceuticals, Inc. (I)   89,473    10,964,021 
Biogen, Inc. (I)   28,409    8,892,869 

 

The accompanying notes are an integral part of the financial statements.

41

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Capital Appreciation Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Biotechnology (continued)          
BioMarin Pharmaceutical, Inc. (I)   64,021   $5,923,223 
Celgene Corp. (I)   203,218    21,242,378 
Regeneron Pharmaceuticals, Inc. (I)   30,487    12,256,384 
Shire PLC, ADR   91,756    17,787,818 
Vertex Pharmaceuticals, Inc. (I)   62,293    5,432,573 
         82,499,266 
Life sciences tools and services - 0.9%          
Illumina, Inc. (I)   47,074    8,551,463 
Pharmaceuticals - 3.8%          
Allergan PLC (I)   77,450    17,837,510 
Bristol-Myers Squibb Company   218,808    11,798,127 
Novo Nordisk A/S, ADR   91,861    3,820,499 
         33,456,136 
         124,506,865 
Industrials - 2.0%          
Aerospace and defense - 1.5%          
The Boeing Company   103,651    13,654,983 
Air freight and logistics - 0.5%          
FedEx Corp.   25,187    4,399,665 
         18,054,648 
Information technology - 45.2%          
Communications equipment - 1.2%          
Palo Alto Networks, Inc. (I)   69,426    11,061,645 
Internet software and services - 16.2%          
Alibaba Group Holding, Ltd., ADR (I)   299,662    31,701,243 
Alphabet, Inc., Class A (I)   26,712    21,478,051 
Alphabet, Inc., Class C (I)   27,353    21,261,213 
Facebook, Inc., Class A (I)   314,527    40,344,378 
Tencent Holdings, Ltd.   1,049,169    29,169,011 
         143,953,896 
IT services - 7.7%          
FleetCor Technologies, Inc. (I)   73,001    12,682,464 
Mastercard, Inc.   234,468    23,861,808 
Visa, Inc., Class A   388,398    32,120,515 
         68,664,787 
Semiconductors and semiconductor equipment - 4.9%          
NVIDIA Corp.   206,818    14,171,169 
NXP Semiconductors NV (I)   123,554    12,603,744 
QUALCOMM, Inc.   240,334    16,462,879 
         43,237,792 
Software - 11.5%          
Adobe Systems, Inc. (I)   195,296    21,197,428 
Atlassian Corp. PLC, Class A (I)   13,265    397,552 
Microsoft Corp.   465,131    26,791,546 
Mobileye NV (I)(L)   34,510    1,469,091 
Red Hat, Inc. (I)   147,910    11,955,565 
salesforce.com, Inc. (I)   279,579    19,942,370 
Splunk, Inc. (I)   145,914    8,562,234 
Workday, Inc., Class A (I)   126,285    11,579,072 
         101,894,858 
Technology hardware, storage and peripherals - 3.7%          
Apple, Inc.   290,620    32,854,591 
         401,667,569 
Materials - 0.5%          
Chemicals - 0.5%          
Albemarle Corp.   53,506    4,574,228 

 

Capital Appreciation Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value
COMMON STOCKS (continued)          
Real estate - 1.3%          
Equity real estate investment trusts - 1.3%          
American Tower Corp.   105,387   $11,943,509 
TOTAL COMMON STOCKS (Cost $651,789,644)       $886,919,648 
           
SECURITIES LENDING COLLATERAL - 0.3%          
John Hancock Collateral Trust,          
0.6548% (W)(Y)   331,169    3,313,874 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $3,313,740)       $3,313,874 
           
SHORT-TERM INVESTMENTS - 0.3%          
Repurchase agreement - 0.3%          
Repurchase Agreement with State Street Corp.          
dated 09/30/2016 at 0.030% to be          
repurchased at $2,662,007 on 10/03/2016,          
collateralized by $2,675,000 U.S. Treasury          
Notes, 1.375% due 02/29/2020 (valued at          
$2,718,469, including interest)  $2,662,000$   2,662,000 
TOTAL SHORT-TERM INVESTMENTS (Cost $2,662,000)       $2,662,000 
Total Investments (Capital Appreciation Trust)          
(Cost $657,765,384) - 100.4%       $892,895,522 
Other assets and liabilities, net - (0.4%)        (3,991,898)
TOTAL NET ASSETS - 100.0%       $888,903,624 

 

Capital Appreciation Value Trust

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS - 63.4%          
Consumer discretionary - 8.7%          
Auto components - 1.5%          
Johnson Controls International PLC   124,271   $5,782,330 
Hotels, restaurants and leisure - 0.6%          
Aramark   49,800    1,893,894 
Compass Group PLC   14,105    273,166 
         2,167,060 
Internet and direct marketing retail - 1.5%          
Amazon.com, Inc. (I)   7,000    5,861,170 
Media - 2.8%          
Comcast Corp., Class A   105,300    6,985,602 
Liberty Global PLC, Series C (I)   115,657    3,821,307 
         10,806,909 
Specialty retail - 2.3%          
AutoZone, Inc. (I)   7,148    5,492,094 
Lowe’s Companies, Inc.   39,600    2,859,516 
O’Reilly Automotive, Inc. (I)   1,400    392,154 
         8,743,764 
         33,361,233 
Consumer staples - 9.2%          
Beverages - 1.4%          
PepsiCo, Inc.   50,775    5,522,797 
Food and staples retailing - 3.0%          
CVS Health Corp.   63,100    5,615,269 

 

The accompanying notes are an integral part of the financial statements.

42

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Capital Appreciation Value Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Food and staples retailing (continued)          
Walgreens Boots Alliance, Inc.   70,674   $5,697,738 
         11,313,007 
Food products - 1.9%          
Mondelez International, Inc., Class A   109,082    4,788,700 
The Kraft Heinz Company   26,532    2,374,879 
         7,163,579 
Tobacco - 2.9%          
Altria Group, Inc.   79,800    5,045,754 
Philip Morris International, Inc.   63,300    6,154,026 
         11,199,780 
         35,199,163 
Energy - 0.6%          
Oil, gas and consumable fuels - 0.6%          
Canadian Natural Resources, Ltd.   70,300    2,252,412 
Financials - 8.5%          
Capital markets - 3.0%          
Julius Baer Group, Ltd. (I)   37,663    1,535,218 
State Street Corp.   26,501    1,845,265 
The Bank of New York Mellon Corp.   207,400    8,271,112 
         11,651,595 
Insurance - 5.5%          
Marsh & McLennan Companies, Inc.   201,200    13,530,700 
Willis Towers Watson PLC   55,593    7,381,083 
         20,911,783 
         32,563,378 
Health care - 18.5%          
Biotechnology - 0.6%          
Biogen, Inc. (I)   7,638    2,390,923 
Health care equipment and supplies - 6.9%          
Abbott Laboratories   181,400    7,671,406 
Becton, Dickinson and Company   42,415    7,623,248 
Danaher Corp.   135,874    10,651,163 
Medtronic PLC   6,048    522,547 
         26,468,364 
Health care providers and services - 4.5%          
Aetna, Inc.   47,100    5,437,695 
Cigna Corp.   25,000    3,258,000 
Henry Schein, Inc. (I)   4,624    753,620 
Humana, Inc.   12,337    2,182,292 
UnitedHealth Group, Inc.   39,100    5,474,000 
         17,105,607 
Life sciences tools and services - 4.3%          
PerkinElmer, Inc.   77,363    4,340,838 
Thermo Fisher Scientific, Inc.   75,900    12,072,654 
         16,413,492 
Pharmaceuticals - 2.2%          
Pfizer, Inc.   70,300    2,381,061 
Zoetis, Inc.   115,191    5,991,084 
         8,372,145 
         70,750,531 
Industrials - 4.5%          
Aerospace and defense - 0.3%          
The Boeing Company   8,900    1,172,486 

 

Capital Appreciation Value Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Electrical equipment - 0.4%          
Sensata Technologies Holding NV (I)   44,798   $1,737,266 
Industrial conglomerates - 0.8%          
Roper Technologies, Inc.   15,930    2,906,747 
Machinery - 2.0%          
Fortive Corp.   57,987    2,951,538 
IDEX Corp.   5,700    533,349 
Pentair PLC   62,970    4,045,193 
         7,530,080 
Professional services - 1.0%          
Capita PLC   132,729    1,149,791 
IHS Markit, Ltd. (I)   54,295    2,038,777 
RELX PLC   41,345    784,045 
         3,972,613 
         17,319,192 
Information technology - 8.9%          
Internet software and services - 2.0%          
Alphabet, Inc., Class A (I)   1,300    1,045,278 
Alphabet, Inc., Class C (I)   8,519    6,621,734 
         7,667,012 
IT services - 2.9%          
Fiserv, Inc. (I)   52,800    5,252,016 
FleetCor Technologies, Inc. (I)   9,370    1,627,850 
Mastercard, Inc.   10,757    1,094,740 
Visa, Inc., Class A   36,800    3,043,360 
         11,017,966 
Semiconductors and semiconductor equipment - 0.3%          
Texas Instruments, Inc.   15,900    1,115,862 
Software - 2.6%          
Microsoft Corp.   175,000    10,080,000 
Technology hardware, storage and peripherals - 1.1%          
Apple, Inc.   37,600    4,250,664 
         34,131,504 
Materials - 0.7%          
Chemicals - 0.7%          
LyondellBasell Industries NV, Class A   31,291    2,523,932 
Real estate - 0.6%          
Equity real estate investment trusts - 0.6%          
American Tower Corp.   21,000    2,379,930 
Telecommunication services - 0.7%          
Diversified telecommunication services - 0.7%          
SBA Communications Corp., Class A (I)   23,105    2,591,457 
Utilities - 2.5%          
Electric utilities - 2.5%          
Edison International   16,978    1,226,661 
PG&E Corp.   134,538    8,229,689 
         9,456,350 
         9,456,350 
TOTAL COMMON STOCKS (Cost $207,939,099)       $242,529,082 
           
PREFERRED SECURITIES - 2.4%          
Financials - 0.6%          
Banks - 0.5%          
U.S. Bancorp (6.000% to 04/15/2017, then          
3 month LIBOR + 4.861%)   15,000    384,900 

 

The accompanying notes are an integral part of the financial statements.

43

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Capital Appreciation Value Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
PREFERRED SECURITIES (continued)          
Banks (continued)          
U.S. Bancorp (6.500% to 01/15/2022, then          
3 month LIBOR + 4.468%)   14,000   $421,680 
Wells Fargo & Company, Series L, 7.500%   750    981,450 
         1,788,030 
Capital markets - 0.1%          
State Street Corp., 6.000%   10,000    267,800 
State Street Corp. (5.350% to 03/15/2026,          
then 3 month LIBOR + 3.709%)   5,000    134,050 
The Charles Schwab Corp., 5.950%   1,000    27,220 
         429,070 
         2,217,100 
Real estate - 0.6%          
Equity real estate investment trusts - 0.6%          
American Tower Corp.   19,073    2,090,210 
Utilities - 1.2%          
Electric utilities - 0.9%          
NextEra Energy, Inc., 6.123%   26,987    1,343,953 
SCE Trust I, 5.625%   20,000    511,800 
SCE Trust II, 5.100%   1,920    48,864 
SCE Trust III (5.750% to 03/15/2024, then          
3 month LIBOR + 2.990%)   20,615    620,924 
SCE Trust IV (5.375 to 09/15/2025, then          
3 month LIBOR + 3.132%)   30,000    870,300 
         3,395,841 
Multi-utilities - 0.3%          
DTE Energy Company, 6.500%   24,565    1,277,380 
         4,673,221 
TOTAL PREFERRED SECURITIES (Cost $8,306,089)       $8,980,531 
           
CORPORATE BONDS - 21.2%          
Consumer discretionary - 5.3%          
Amazon.com, Inc.          
2.600%, 12/05/2019  $465,000   $482,732 
American Honda Finance Corp.          
0.950%, 05/05/2017   250,000    250,010 
AutoZone, Inc.          
1.625%, 04/21/2019   50,000    50,166 
2.500%, 04/15/2021   155,000    157,872 
CCO Holdings LLC          
5.250%, 09/30/2022   575,000    600,875 
5.750%, 09/01/2023   302,000    319,743 
5.875%, 04/01/2024 (S)   100,000    106,690 
6.625%, 01/31/2022   875,000    916,563 
Cedar Fair LP          
5.250%, 03/15/2021   400,000    414,000 
Cequel Communications Holdings I LLC          
6.375%, 09/15/2020 (S)   400,000    412,000 
Charter Communications Operating LLC          
3.579%, 07/23/2020 (S)   150,000    156,789 
Cox Communications, Inc.          
6.250%, 06/01/2018 (S)   15,000    15,979 
DISH DBS Corp.          
4.625%, 07/15/2017   325,000    330,688 
Dollar Tree, Inc.          
5.750%, 03/01/2023   375,000    403,594 
Ford Motor Credit Company LLC          
1.361%, 09/08/2017 (P)   525,000    525,173 
1.405%, 12/06/2017 (P)   825,000    822,141 
1.461%, 03/27/2017   1,395,000    1,396,660 

 

Capital Appreciation Value Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Consumer discretionary (continued)          
Ford Motor Credit Company LLC (continued)          
1.724%, 12/06/2017  $275,000   $275,252 
2.145%, 01/09/2018   360,000    361,867 
2.375%, 03/12/2019   375,000    379,446 
2.597%, 11/04/2019   800,000    812,483 
4.250%, 02/03/2017   200,000    201,919 
6.625%, 08/15/2017   200,000    208,724 
Hilton Domestic Operating Company, Inc.          
4.250%, 09/01/2024 (S)   100,000    102,000 
Hilton Worldwide Finance LLC          
5.625%, 10/15/2021   100,000    103,000 
L Brands, Inc.          
6.625%, 04/01/2021   730,000    841,325 
7.000%, 05/01/2020   125,000    144,063 
8.500%, 06/15/2019   400,000    467,000 
Lamar Media Corp.          
5.875%, 02/01/2022   175,000    182,219 
Levi Strauss & Company          
6.875%, 05/01/2022   550,000    583,000 
McDonald’s Corp.          
2.100%, 12/07/2018   45,000    45,685 
Sirius XM Radio, Inc.          
5.750%, 08/01/2021 (S)   400,000    418,800 
5.875%, 10/01/2020 (S)   50,000    51,469 
6.000%, 07/15/2024 (S)   350,000    373,188 
Six Flags Entertainment Corp.          
5.250%, 01/15/2021 (S)   1,150,000    1,187,375 
Time Warner Cable LLC          
5.850%, 05/01/2017   259,000    265,464 
6.750%, 07/01/2018   500,000    543,262 
Unitymedia GmbH          
6.125%, 01/15/2025 (S)   750,000    786,563 
Unitymedia Hessen GmbH & Company          
KG          
5.500%, 01/15/2023 (S)   950,000    983,250 
Virgin Media Secured Finance PLC          
5.250%, 01/15/2026 (S)   600,000    609,000 
5.375%, 04/15/2021 (S)   1,507,500    1,571,569 
Yum! Brands, Inc.          
3.750%, 11/01/2021   600,000    609,000 
3.875%, 11/01/2020   50,000    51,407 
Ziggo Secured Finance BV          
5.500%, 01/15/2027 (S)   650,000    648,375 
         20,168,380 
Consumer staples - 1.0%          
Anheuser-Busch InBev Finance, Inc.          
1.900%, 02/01/2019   300,000    302,973 
2.017%, 02/01/2021 (P)   360,000    369,482 
2.650%, 02/01/2021   155,000    159,954 
B&G Foods, Inc.          
4.625%, 06/01/2021   300,000    309,000 
Beverage Packaging Holdings          
Luxembourg II SA          
5.625%, 12/15/2016 (S)   125,000    125,156 
PepsiCo, Inc.          
1.250%, 04/30/2018   125,000    125,267 
Rite Aid Corp.          
6.750%, 06/15/2021   1,200,000    1,266,000 
9.250%, 03/15/2020   600,000    633,000 
Spectrum Brands, Inc.          
6.625%, 11/15/2022   250,000    270,625 
The Kroger Company          
2.000%, 01/15/2019   105,000    106,333 

 

The accompanying notes are an integral part of the financial statements.

44

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Capital Appreciation Value Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Consumer staples (continued)          
Walgreens Boots Alliance, Inc.          
1.750%, 05/30/2018  $300,000   $301,633 
         3,969,423 
Energy - 3.5%          
Canadian Natural Resources, Ltd.          
1.750%, 01/15/2018   185,000    184,737 
Chevron Corp.          
1.365%, 03/02/2018   590,000    591,023 
Concho Resources, Inc.          
5.500%, 10/01/2022 to 04/01/2023   1,725,000    1,782,501 
6.500%, 01/15/2022   725,000    752,188 
Diamondback Energy, Inc.          
7.625%, 10/01/2021   450,000    477,000 
EQT Corp.          
6.500%, 04/01/2018   315,000    330,172 
8.125%, 06/01/2019   483,000    552,057 
Matador Resources Company          
6.875%, 04/15/2023   200,000    207,000 
MPLX LP          
4.500%, 07/15/2023   2,425,000    2,497,750 
4.875%, 12/01/2024   200,000    208,000 
5.500%, 02/15/2023   1,075,000    1,112,625 
ONEOK Partners LP          
2.000%, 10/01/2017   140,000    140,110 
Range Resources Corp.          
4.875%, 05/15/2025   425,000    408,000 
5.000%, 08/15/2022 to 03/15/2023 (S)   1,238,000    1,217,373 
5.750%, 06/01/2021 (S)   360,000    364,500 
Shell International Finance BV          
1.080%, 05/11/2020 (P)   810,000    810,932 
Targa Resources Partners LP          
4.125%, 11/15/2019   150,000    152,100 
4.250%, 11/15/2023   375,000    362,344 
5.250%, 05/01/2023   750,000    759,375 
6.875%, 02/01/2021   550,000    567,875 
         13,477,662 
Financials - 1.2%          
HUB International, Ltd.          
7.875%, 10/01/2021 (S)   1,300,000    1,326,000 
9.250%, 02/15/2021 (S)   50,000    52,025 
JPMorgan Chase & Co. (5.300% to          
05/01/2020, then 3 month          
LIBOR + 3.800%)          
05/01/2020 (Q)   970,000    983,338 
Marsh & McLennan Companies, Inc.          
2.350%, 03/06/2020   140,000    142,467 
3.300%, 03/14/2023   65,000    68,152 
MSCI, Inc.          
5.250%, 11/15/2024 (S)   225,000    238,196 
5.750%, 08/15/2025 (S)   130,000    138,775 
National Rural Utilities Cooperative          
Finance Corp.          
0.950%, 04/24/2017   120,000    119,853 
State Street Corp. (5.250% to 09/15/2020,          
then 3 month LIBOR + 3.597%)          
09/15/2020 (Q)   435,000    457,838 
The Bank of New York Mellon Corp.          
(4.625% to 09/20/2026, then 3 month          
LIBOR + 3.131%)          
09/20/2026 (Q)   375,000    369,375 

 

Capital Appreciation Value Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Financials (continued)          
The Bank of New York Mellon Corp.          
(4.950% to 06/20/2020, then 3 month          
LIBOR + 3.420%)          
06/20/2020 (Q)  $450,000   $459,041 
Trinity Acquisition PLC          
4.400%, 03/15/2026   270,000    282,938 
         4,637,998 
Health care - 3.2%          
Becton, Dickinson and Company          
1.800%, 12/15/2017   315,000    316,538 
2.675%, 12/15/2019   305,000    314,951 
Centene Corp.          
4.750%, 05/15/2022   225,000    232,313 
5.625%, 02/15/2021   225,000    239,063 
5.750%, 06/01/2017   200,000    204,500 
6.125%, 02/15/2024   525,000    569,625 
DaVita, Inc.          
5.750%, 08/15/2022   2,375,000    2,487,813 
Eli Lilly & Company          
1.250%, 03/01/2018   310,000    310,684 
Fresenius Medical          
Care US Finance II, Inc.          
5.625%, 07/31/2019 (S)   875,000    949,375 
5.875%, 01/31/2022 (S)   400,000    453,000 
Fresenius Medical Care US Finance, Inc.          
5.750%, 02/15/2021 (S)   75,000    84,000 
Grifols Worldwide Operations, Ltd.          
5.250%, 04/01/2022   300,000    310,500 
HCA, Inc.          
3.750%, 03/15/2019   200,000    206,250 
4.250%, 10/15/2019   100,000    104,250 
6.500%, 02/15/2020   1,250,000    1,384,375 
8.000%, 10/01/2018   950,000    1,060,438 
Hologic, Inc.          
5.250%, 07/15/2022 (S)   200,000    212,250 
IMS Health, Inc.          
6.000%, 11/01/2020 (S)   200,000    203,000 
Johnson & Johnson          
1.125%, 11/21/2017   170,000    170,267 
Medtronic, Inc.          
1.500%, 03/15/2018   490,000    492,194 
2.500%, 03/15/2020   275,000    284,405 
Pfizer, Inc.          
1.200%, 06/01/2018   950,000    951,495 
Teleflex, Inc.          
4.875%, 06/01/2026   125,000    129,375 
UnitedHealth Group, Inc.          
1.400%, 12/15/2017   230,000    230,662 
WellCare Health Plans, Inc.          
5.750%, 11/15/2020   200,000    206,500 
         12,107,823 
Industrials - 1.2%          
Case New Holland Industrial, Inc.          
7.875%, 12/01/2017   12,000    12,750 
Caterpillar Financial Services Corp.          
1.250%, 11/06/2017   250,000    249,957 
2.250%, 12/01/2019   225,000    229,769 
CNH Industrial Capital LLC          
3.250%, 02/01/2017   600,000    602,250 
3.625%, 04/15/2018   680,000    690,200 
6.250%, 11/01/2016   850,000    852,550 

 

The accompanying notes are an integral part of the financial statements.

45

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Capital Appreciation Value Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Industrials (continued)          
Continental Airlines 2009-2 Class A Pass          
Through Trust          
7.250%, 05/10/2021  $121,166   $138,432 
Continental Airlines 2012-1 Class A Pass          
Through Trust          
4.150%, 10/11/2025   213,086    227,469 
Delta Air Lines 2009-1 Class A Pass          
Through Trust          
7.750%, 06/17/2021   102,398    115,582 
Delta Air Lines 2011-1 Class A Pass          
Through Trust          
5.300%, 10/15/2020   83,672    89,529 
Fortive Corporation          
1.800%, 06/15/2019 (S)   40,000    40,107 
IHS Markit, Ltd.          
5.000%, 11/01/2022 (S)   475,000    502,598 
US Airways 2010-1 Class A Pass          
Through Trust          
6.250%, 10/22/2024   172,687    195,568 
US Airways 2010-1 Class B Pass          
Through Trust          
8.500%, 10/22/2018   31,754    32,945 
US Airways 2012-2 Class A Pass          
Through Trust          
4.625%, 12/03/2026   19,907    21,698 
US Airways 2012-2 Class B Pass          
Through Trust          
6.750%, 12/03/2022   63,573    69,135 
US Airways 2013-1 Class A Pass          
Through Trust          
3.950%, 05/15/2027   217,886    230,959 
US Airways 2013-1 Class B Pass          
Through Trust          
5.375%, 05/15/2023   67,999    70,719 
Xylem, Inc.          
4.875%, 10/01/2021   60,000    65,474 
         4,437,691 
Information technology - 1.4%          
Amphenol Corp.          
1.550%, 09/15/2017   130,000    130,179 
Fiserv, Inc.          
2.700%, 06/01/2020   330,000    340,286 
Harris Corp.          
1.999%, 04/27/2018   130,000    130,735 
NXP BV          
3.750%, 06/01/2018 (S)   2,425,000    2,494,719 
5.750%, 02/15/2021 (S)   925,000    965,469 
Visa, Inc.          
1.200%, 12/14/2017   1,060,000    1,062,403 
         5,123,791 
Materials - 0.4%          
Cytec Industries, Inc.          
3.950%, 05/01/2025   545,000    550,817 
Ecolab, Inc.          
2.000%, 01/14/2019   205,000    207,370 
Reynolds Group Issuer, Inc.          
4.127%, 07/15/2021 (P)(S)   195,000    197,925 
5.750%, 10/15/2020   450,000    464,063 
6.875%, 02/15/2021   150,000    155,625 
         1,575,800 

 

Capital Appreciation Value Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Real estate - 1.1%          
American Tower Corp.          
3.300%, 02/15/2021  $320,000   $334,545 
CBRE Services, Inc.          
5.000%, 03/15/2023   75,000    79,004 
Crown Castle International Corp.          
4.875%, 04/15/2022   950,000    1,059,725 
5.250%, 01/15/2023   1,475,000    1,670,202 
Iron Mountain, Inc.          
5.750%, 08/15/2024   400,000    411,000 
6.000%, 10/01/2020 (S)   550,000    580,250 
         4,134,726 
Telecommunication services - 2.3%          
Level 3 Financing, Inc.          
5.375%, 08/15/2022   400,000    418,000 
5.625%, 02/01/2023   350,000    363,563 
SBA Communications Corp.          
4.875%, 07/15/2022   700,000    724,500 
4.875%, 09/01/2024 (S)   1,400,000    1,410,500 
5.625%, 10/01/2019   575,000    591,175 
T-Mobile USA, Inc.          
6.542%, 04/28/2020   1,424,000    1,472,060 
6.625%, 11/15/2020   550,000    565,125 
Telesat Canada          
6.000%, 05/15/2017 (S)   175,000    175,000 
UPC Holding BV          
6.375%, 09/15/2022 (S)  EUR 300,000    357,227 
UPCB Finance VI, Ltd.          
6.875%, 01/15/2022 (S)  $2,700,000    2,828,250 
         8,905,400 
Utilities - 0.6%          
AmeriGas Finance LLC          
7.000%, 05/20/2022   550,000    581,625 
Berkshire Hathaway Energy Company          
2.400%, 02/01/2020   260,000    266,334 
CMS Energy Corp.          
6.550%, 07/17/2017   170,000    176,547 
8.750%, 06/15/2019   80,000    94,625 
Dominion Resources, Inc.          
2.962%, 07/01/2019   65,000    66,712 
Southern California Gas Company          
3.200%, 06/15/2025   250,000    266,632 
Suburban Propane Partners LP          
7.375%, 08/01/2021   125,000    130,000 
The Southern Company          
1.550%, 07/01/2018   435,000    436,670 
1.850%, 07/01/2019   230,000    231,792 
Virginia Electric & Power Company          
3.150%, 01/15/2026   125,000    132,236 
         2,383,173 
TOTAL CORPORATE BONDS (Cost $79,728,901)       $80,921,867 
           
CONVERTIBLE BONDS - 0.0%          
Consumer discretionary - 0.0%          
Tesla Motors, Inc. 1.250%, 03/01/2021   181,000    154,755 
TOTAL CONVERTIBLE BONDS (Cost $158,174)       $154,755 
           
TERM LOANS (M) - 3.5%          
Consumer discretionary - 0.7%          
Charter Communications Operating LLC          
3.000%, 07/01/2020   314,438    315,264 
3.000%, 01/04/2021   280,913    281,661 

 

The accompanying notes are an integral part of the financial statements.

46

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Capital Appreciation Value Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
TERM LOANS (M) (continued)          
Consumer discretionary (continued)          
Dollar Tree, Inc. TBD 07/06/2022 (T)  $25,000   $25,250 
Hilton Worldwide Finance LLC          
3.097%, 10/25/2023   554,531    557,565 
Kasima LLC          
3.335%, 05/17/2021   38,603    38,651 
KFC Holding Company          
3.281%, 06/16/2023   1,321,688    1,329,948 
New Red Finance, Inc.          
3.750%, 12/10/2021   199,491    200,800 
         2,749,139 
Consumer staples - 0.5%          
Jacobs Douwe Egberts BV          
4.250%, 07/02/2022  EUR 112,386    127,652 
4.250%, 07/02/2022  $665,326    667,821 
Pinnacle Foods Finance LLC          
3.250%, 04/29/2020   485,000    486,819 
3.252%, 04/29/2020   650,065    652,874 
         1,935,166 
Energy - 0.0%          
Avago Technologies Cayman Finance, Ltd.          
3.524%, 02/01/2023   24,938    25,222 
Financials - 0.4%          
HUB International, Ltd.          
4.000%, 10/02/2020   1,546,750    1,546,750 
Health care - 0.3%          
DaVita, Inc.          
3.500%, 06/24/2021   1,230,180    1,235,716 
Information technology - 0.4%          
Kronos, Inc.          
4.500%, 10/30/2019   589,617    590,879 
9.750%, 04/30/2020   650,000    660,290 
NXP BV TBD 12/07/2020 (T)   106,640    107,013 
         1,358,182 
Telecommunication services - 1.2%          
Intelsat Jackson Holdings SA          
3.750%, 06/30/2019   2,420,968    2,299,363 
Telesat Canada          
3.500%, 03/28/2019   683,116    683,047 
3.981%, 03/28/2017  CAD 95,625    72,523 
4.350%, 03/26/2019   482,500    365,475 
UPC Financing Partnership          
4.080%, 08/31/2024  $1,150,000    1,153,692 
         4,574,100 
TOTAL TERM LOANS (Cost $13,658,069)       $13,424,275 
           
ASSET BACKED SECURITIES - 0.2%          
DB Master Finance LLC, Series 2015-1A,          
Class A2I          
3.262%, 02/20/2045 (S)   221,625    222,777 
Taco Bell Funding LLC, Series 2016-1A,          
Class A2I          
3.832%, 05/25/2046 (S)   400,000    405,618 
Wendys Funding LLC, Series 2015-1A,          
Class A2I          
3.371%, 06/15/2045 (S)   267,300    268,480 
TOTAL ASSET BACKED SECURITIES (Cost $888,925)       $896,875 
           
SHORT-TERM INVESTMENTS - 9.0%          

 

Capital Appreciation Value Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
SHORT-TERM INVESTMENTS (continued)          
Money market funds - 8.8%          
T. Rowe Price Prime Reserve          
Fund, 0.3208% (Y)   33,689,322   $33,689,322 
Repurchase agreement - 0.2%          
Repurchase Agreement with State          
Street Corp. dated 09/30/2016 at 0.030%          
to be repurchased at $686,002 on          
10/03/2016, collateralized by $635,000          
U.S. Treasury Notes, 3.500% due          
05/15/2020 (valued at $700,088,          
including interest)  $686,000    686,000 
TOTAL SHORT-TERM INVESTMENTS (Cost $34,375,322)       $34,375,322 
Total Investments (Capital Appreciation Value Trust)          
(Cost $345,054,579) - 99.7%       $381,282,707 
Other assets and liabilities, net - 0.3%        1,327,596 
TOTAL NET ASSETS - 100.0%       $382,610,303 

 

Core Bond Trust

 

     Shares or     
     Principal     
     Amount   Value 
U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS - 60.0%          
U.S. Government - 30.6%          
U.S. Treasury Bonds          
2.250%, 08/15/2046  $6,434,000   $6,337,741 
2.500%, 02/15/2046 to 05/15/2046   27,067,000    28,090,029 
3.000%, 11/15/2045   11,841,000    13,553,315 
U.S. Treasury Notes          
0.750%, 02/28/2018 to 08/15/2019   49,329,000    49,221,672 
0.875%, 05/31/2018 to 09/15/2019   95,438,000    95,544,510 
1.000%, 05/15/2018 to 08/31/2019   20,772,000    20,844,128 
1.125%, 06/15/2018 to 09/30/2021   46,662,000    46,726,718 
1.250%, 12/15/2018   4,530,000    4,572,292 
1.375%, 09/30/2018 to 09/30/2023   17,844,000    18,001,005 
1.500%, 08/15/2026   35,059,000    34,742,663 
1.625%, 08/31/2019 to 11/30/2020   9,454,000    9,653,203 
1.750%, 10/31/2020   4,665,000    4,787,638 
2.000%, 08/31/2021 to 10/31/2021   23,846,000    24,776,101 
2.125%, 08/15/2021   36,328,000    37,938,638 
         394,789,653 
U.S. Government Agency - 29.4%          
Federal Home Loan Mortgage Corp.          
2.540%, 07/01/2042 (P)   980,717    1,014,647 
2.791%, 12/01/2041 (P)   231,537    242,173 
2.813%, 05/01/2045 (P)   789,601    821,297 
3.000%, TBA (C)   5,100,000    5,299,550 
3.000%, 03/01/2030 to 05/01/2031   1,648,908    1,739,438 
3.094%, 02/01/2045 (P)   966,194    1,019,538 
3.500%, TBA (C)   4,000,000    4,219,760 
3.500%, 11/01/2029 to 06/01/2046   49,890,011    53,427,919 
4.000%, 10/01/2029 to 07/01/2046   25,072,477    27,373,422 
4.500%, 08/01/2020 to 07/01/2039   3,308,310    3,405,860 
5.000%, 06/01/2044   1,326,584    1,513,186 
Federal National Mortgage Association          
1.347%, 10/09/2019 (Z)   4,055,000    3,892,001 
1.706%, 04/01/2043 (P)   1,091,542    1,122,918 
2.429%, 02/01/2042 (P)   2,315,395    2,417,464 
2.431%, 06/01/2042 (P)   902,224    937,503 

 

The accompanying notes are an integral part of the financial statements.

47

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Core Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS (continued)          
U.S. Government Agency (continued)          
Federal National Mortgage          
Association (continued)          
2.612%, 06/01/2041 (P)  $1,738,230   $1,832,976 
2.669%, 01/01/2042 (P)   1,179,822    1,235,212 
2.722%, 01/01/2045 (P)   60,938    63,048 
2.744%, 01/01/2045 (P)   1,712,597    1,781,477 
2.827%, 05/01/2043 (P)   587,434    620,735 
3.000%, TBA (C)   17,300,000    17,840,708 
3.000%, 04/01/2031 to 10/01/2031   11,003,215    11,594,698 
3.185%, 10/01/2043 (P)   246,177    257,443 
3.500%, TBA (C)   17,800,000    18,764,616 
3.500%, 12/01/2029 to 09/01/2046   59,155,063    63,329,455 
4.000%, TBA (C)   7,300,000    7,801,912 
4.000%, 11/01/2029 to 07/01/2046   42,935,129    46,896,856 
4.373%, 04/01/2040 (P)   892,989    945,973 
4.500%, 01/01/2020 to 06/01/2046   15,875,009    17,635,690 
5.000%, 01/01/2040   1,223,534    1,395,116 
Government National Mortgage Association          
3.000%, TBA (C)   22,300,000    23,316,856 
3.500%, TBA (C)   17,000,000    18,036,776 
3.500%, 06/15/2046 to 07/15/2046   745,670    794,991 
4.000%, 10/15/2041 to 08/20/2046   21,009,003    22,711,718 
4.500%, 03/15/2041 to 09/20/2046   7,363,989    8,173,154 
5.000%, 11/20/2045   226,043    253,248 
Tennessee Valley Authority          
2.875%, 09/15/2024   4,045,000    4,377,823 
         378,107,157 
TOTAL U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS (Cost $768,613,935)       $772,896,810 
           
FOREIGN GOVERNMENT          
OBLIGATIONS - 1.7%          
Canada - 0.3%          
Province of Ontario          
1.250%, 06/17/2019   1,497,000    1,494,826 
1.625%, 01/18/2019   2,085,000    2,103,782 
         3,598,608 
Israel - 0.1%          
Government of Israel          
4.500%, 01/30/2043   765,000    872,483 
         872,483 
Mexico - 0.3%          
Government of Mexico          
4.125%, 01/21/2026   2,055,000    2,212,208 
4.350%, 01/15/2047   970,000    955,450 
5.750%, 10/12/2110   1,537,000    1,625,378 
         4,793,036 
Paraguay - 0.1%          
Republic of Paraguay          
6.100%, 08/11/2044 (S)   746,000    848,575 
Qatar - 0.2%          
Government of Qatar          
2.375%, 06/02/2021 (S)   1,730,000    1,743,068 
3.250%, 06/02/2026 (S)   1,055,000    1,072,439 
         2,815,507 
Slovenia - 0.5%          
Republic of Slovenia          
5.250%, 02/18/2024 (S)   2,962,000    3,474,319 
5.500%, 10/26/2022 (S)   1,050,000    1,226,098 

 

Core Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
FOREIGN GOVERNMENT          
OBLIGATIONS (continued)          
Slovenia (continued)          
Republic of Slovenia (continued)          
5.850%, 05/10/2023 (S)  $1,235,000   $1,478,913 
         6,179,330 
South Africa - 0.1%          
Republic of South Africa          
4.300%, 10/12/2028   1,245,000    1,232,550 
         1,232,550 
United Arab Emirates - 0.1%          
Abu Dhabi Government          
2.125%, 05/03/2021 (S)   1,290,000    1,299,675 
         1,299,675 
TOTAL FOREIGN GOVERNMENT          
OBLIGATIONS (Cost $21,140,617)       $21,639,764 
           
CORPORATE BONDS - 24.6%          
Consumer discretionary - 2.0%          
BMW US Capital LLC          
2.800%, 04/11/2026 (S)   1,255,000    1,282,762 
Charter Communications Operating LLC          
6.484%, 10/23/2045 (S)   1,451,000    1,758,593 
Cox Communications, Inc.          
4.800%, 02/01/2035 (S)   256,000    254,150 
Discovery Communications LLC          
4.875%, 04/01/2043   350,000    333,830 
4.900%, 03/11/2026   905,000    983,834 
General Motors Company 5.000%, 04/01/2035   683,000    708,196 
General Motors Financial Company, Inc.          
3.450%, 04/10/2022   1,050,000    1,065,106 
3.700%, 05/09/2023   1,875,000    1,907,567 
4.200%, 03/01/2021   2,570,000    2,704,745 
5.250%, 03/01/2026   1,485,000    1,626,249 
Grupo Televisa SAB          
5.000%, 05/13/2045   334,000    319,284 
6.125%, 01/31/2046   640,000    703,354 
McDonald’s Corp.          
2.750%, 12/09/2020   645,000    668,481 
3.700%, 01/30/2026   737,000    793,376 
4.875%, 12/09/2045   1,415,000    1,646,354 
Newell Brands, Inc.          
4.200%, 04/01/2026   605,000    659,305 
5.500%, 04/01/2046   605,000    735,712 
Scripps Networks Interactive, Inc.          
2.800%, 06/15/2020   670,000    686,373 
3.500%, 06/15/2022   580,000    605,370 
3.900%, 11/15/2024   504,000    529,685 
Time Warner Cable LLC 6.550%, 05/01/2037   350,000    415,741 
Viacom, Inc.          
2.250%, 02/04/2022   775,000    771,371 
3.450%, 10/04/2026   515,000    515,091 
4.850%, 12/15/2034   660,000    674,144 
Volkswagen International Finance NV          
1.125%, 11/18/2016 (S)   2,743,000    2,742,926 
         25,091,599 
Consumer staples - 1.7%          
Anheuser-Busch InBev Finance, Inc.          
3.650%, 02/01/2026   3,545,000    3,796,280 
4.900%, 02/01/2046   2,839,000    3,404,949 
Kraft Heinz Foods Company          
2.800%, 07/02/2020   1,980,000    2,052,042 
3.000%, 06/01/2026   1,240,000    1,250,685 

 

The accompanying notes are an integral part of the financial statements.

48

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Core Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Consumer staples (continued)          
Philip Morris International, Inc.          
2.125%, 05/10/2023  $1,085,000   $1,083,147 
4.250%, 11/10/2044   805,000    895,874 
Reynolds American, Inc.          
5.700%, 08/15/2035   610,000    755,361 
5.850%, 08/15/2045   1,110,000    1,440,802 
The Coca-Cola Company 1.550%, 09/01/2021   835,000    831,757 
Walgreens Boots Alliance, Inc.          
3.450%, 06/01/2026   1,715,000    1,781,482 
Wm. Wrigley Jr. Company          
2.000%, 10/20/2017 (S)   489,000    492,407 
2.400%, 10/21/2018 (S)   709,000    720,489 
2.900%, 10/21/2019 (S)   1,238,000    1,280,774 
3.375%, 10/21/2020 (S)   1,745,000    1,847,205 
         21,633,254 
Energy - 2.6%          
Apache Corp. 4.250%, 01/15/2044   685,000    667,053 
Chevron Corp.          
1.561%, 05/16/2019   1,707,000    1,716,179 
2.100%, 05/16/2021   3,065,000    3,115,900 
2.954%, 05/16/2026   745,000    770,294 
Cimarex Energy Company 4.375%, 06/01/2024   780,000    815,066 
Energy Transfer Partners LP          
2.500%, 06/15/2018   1,075,000    1,082,322 
4.750%, 01/15/2026   580,000    599,569 
6.125%, 12/15/2045   1,890,000    1,969,915 
Enterprise Products Operating LLC          
5.100%, 02/15/2045   485,000    522,830 
5.950%, 02/01/2041   235,000    272,771 
6.450%, 09/01/2040   145,000    175,683 
EOG Resources, Inc. 4.150%, 01/15/2026   375,000    409,821 
Exxon Mobil Corp. 4.114%, 03/01/2046   732,000    814,849 
Gulfstream Natural Gas System LLC          
5.950%, 10/15/2045 (S)   425,000    472,982 
Halliburton Company 5.000%, 11/15/2045   1,443,000    1,578,867 
Hess Corp. 5.800%, 04/01/2047   770,000    788,066 
Kinder Morgan, Inc.          
5.300%, 12/01/2034   261,000    260,675 
5.550%, 06/01/2045   1,250,000    1,285,203 
Magellan Midstream Partners LP          
5.000%, 03/01/2026   425,000    484,463 
Marathon Petroleum Corp.          
5.000%, 09/15/2054   130,000    114,281 
5.850%, 12/15/2045   465,000    473,400 
Noble Energy, Inc. 6.000%, 03/01/2041   375,000    406,522 
Petroleos Mexicanos          
2.378%, 04/15/2025   1,237,500    1,266,694 
2.460%, 12/15/2025   3,078,950    3,162,112 
5.625%, 01/23/2046   928,000    811,536 
6.750%, 09/21/2047 (S)   970,000    966,120 
6.875%, 08/04/2026 (S)   790,000    890,686 
Sabine Pass Liquefaction LLC          
5.000%, 03/15/2027 (S)   815,000    835,375 
Shell International Finance BV          
2.500%, 09/12/2026   230,000    226,288 
2.875%, 05/10/2026   1,481,000    1,508,975 
3.750%, 09/12/2046   685,000    678,801 
4.000%, 05/10/2046   1,100,000    1,128,329 
TC PipeLines LP 4.650%, 06/15/2021   303,000    317,931 
Transcontinental Gas Pipe Line Company LLC          
7.850%, 02/01/2026 (S)   1,060,000    1,369,480 
Valero Energy Corp. 3.400%, 09/15/2026   1,305,000    1,289,224 

 

Core Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Energy (continued)          
Williams Partners LP          
4.000%, 09/15/2025  $503,000   $503,200 
5.100%, 09/15/2045   155,000    151,569 
         33,903,031 
Financials - 7.7%          
AIA Group, Ltd.          
4.500%, 03/16/2046 (S)   340,000    377,808 
American International Group, Inc.          
3.900%, 04/01/2026   525,000    555,756 
6.250%, 05/01/2036   755,000    932,114 
Bank of America Corp.          
4.450%, 03/03/2026   2,978,000    3,197,928 
6.000%, 09/01/2017   1,580,000    1,642,906 
Berkshire Hathaway, Inc.          
3.125%, 03/15/2026   2,600,000    2,736,874 
Capital One Financial Corp.          
3.750%, 07/28/2026   825,000    829,418 
4.200%, 10/29/2025   1,175,000    1,226,580 
Chubb INA Holdings, Inc.          
3.350%, 05/03/2026   1,192,000    1,277,140 
4.350%, 11/03/2045   920,000    1,066,228 
Citigroup, Inc.          
1.550%, 08/14/2017   2,238,000    2,240,650 
4.450%, 09/29/2027   2,810,000    2,942,579 
4.600%, 03/09/2026   1,275,000    1,362,471 
Cooperatieve Rabobank UA          
3.750%, 07/21/2026   2,125,000    2,129,828 
Credit Suisse Group Funding Guernsey, Ltd.          
3.450%, 04/16/2021 (S)   813,000    829,605 
3.800%, 06/09/2023 (S)   1,765,000    1,789,002 
4.550%, 04/17/2026 (S)   869,000    912,984 
GE Capital International Funding Company          
4.418%, 11/15/2035   1,438,000    1,617,060 
HSBC Holdings PLC          
2.650%, 01/15/2022   3,535,000    3,523,253 
3.900%, 05/25/2026   1,170,000    1,215,894 
ING Bank NV          
2.050%, 08/15/2021 (S)   2,285,000    2,287,703 
JPMorgan Chase & Co.          
2.295%, 08/15/2021   2,425,000    2,430,422 
2.400%, 06/07/2021   1,530,000    1,547,381 
2.950%, 10/01/2026   3,943,000    3,956,670 
KFW          
1.000%, 07/15/2019   2,695,000    2,684,759 
Lazard Group LLC          
3.750%, 02/13/2025   1,876,000    1,889,533 
4.250%, 11/14/2020   1,111,000    1,191,279 
Marsh & McLennan Companies, Inc.          
3.750%, 03/14/2026   1,150,000    1,243,780 
MetLife, Inc.          
4.600%, 05/13/2046   803,000    871,171 
Metropolitan Life Global Funding I          
1.550%, 09/13/2019 (S)   1,115,000    1,114,206 
1.950%, 12/03/2018 to 09/15/2021 (S)   1,985,000    1,988,410 
Mitsubishi UFJ Financial Group, Inc.          
2.757%, 09/13/2026   1,940,000    1,937,171 
Morgan Stanley          
2.500%, 04/21/2021   2,744,000    2,770,792 
3.125%, 07/27/2026   2,930,000    2,959,221 
4.000%, 07/23/2025   2,016,000    2,169,180 
Murray Street Investment Trust I          
4.647%, 03/09/2017   2,461,000    2,485,881 

 

The accompanying notes are an integral part of the financial statements.

49

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Core Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Financials (continued)          
Royal Bank of Canada          
2.300%, 03/22/2021  $50,000   $51,374 
Royal Bank of Scotland Group PLC          
3.875%, 09/12/2023   1,595,000    1,574,244 
Skandinaviska Enskilda Banken AB          
1.875%, 09/13/2021   1,845,000    1,831,391 
Stadshypotek AB          
1.875%, 10/02/2019 (S)   1,435,000    1,449,129 
Svenska Handelsbanken AB          
1.875%, 09/07/2021   1,865,000    1,854,403 
Synchrony Financial          
3.700%, 08/04/2026   1,455,000    1,445,560 
Teachers Insurance & Annuity Association of          
America          
4.900%, 09/15/2044 (S)   195,000    219,857 
The Bank of New York Mellon Corp.          
2.200%, 08/16/2023   2,145,000    2,139,269 
2.450%, 08/17/2026   1,610,000    1,594,953 
The Blackstone Group LP          
9.296%, 03/19/2019   1,229,690    1,243,524 
The Goldman Sachs Group, Inc.          
2.350%, 11/15/2021   2,415,000    2,410,252 
4.250%, 10/21/2025   795,000    837,143 
4.750%, 10/21/2045   1,058,000    1,190,333 
6.750%, 10/01/2037   1,105,000    1,409,683 
The Progressive Corp.          
2.450%, 01/15/2027   710,000    706,433 
The Toronto-Dominion Bank          
2.250%, 03/15/2021 (S)   3,325,000    3,393,834 
Trinity Acquisition PLC          
4.400%, 03/15/2026   360,000    377,251 
UBS Group Funding Jersey, Ltd.          
2.650%, 02/01/2022 (S)   2,285,000    2,280,453 
4.125%, 04/15/2026 (S)   530,000    556,865 
US Bancorp          
2.375%, 07/22/2026   2,100,000    2,066,753 
Voya Financial, Inc.          
4.800%, 06/15/2046   140,000    138,798 
WEA Finance LLC          
3.250%, 10/05/2020 (S)   1,205,000    1,255,510 
Westpac Banking Corp.          
2.000%, 08/19/2021   2,375,000    2,373,737 
2.700%, 08/19/2026   950,000    945,834 
         99,280,220 
Health care - 2.0%          
AbbVie, Inc.          
2.500%, 05/14/2020   1,915,000    1,954,880 
3.200%, 05/14/2026   865,000    876,235 
4.450%, 05/14/2046   840,000    879,526 
Actavis Funding SCS          
3.800%, 03/15/2025   1,495,000    1,583,106 
4.750%, 03/15/2045   1,200,000    1,315,342 
Amgen, Inc.          
2.600%, 08/19/2026   1,080,000    1,063,447 
4.400%, 05/01/2045   810,000    852,991 
Biogen, Inc. 5.200%, 09/15/2045   678,000    799,454 
Celgene Corp.          
2.875%, 08/15/2020   765,000    791,427 
5.000%, 08/15/2045   1,230,000    1,388,270 
Express Scripts Holding Company          
4.800%, 07/15/2046   740,000    770,959 
Gilead Sciences, Inc. 4.150%, 03/01/2047   665,000    683,457 

 

Core Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Health care (continued)          
Perrigo Finance Unlimited Company          
4.375%, 03/15/2026  $1,860,000   $1,942,216 
Shire Acquisitions Investments Ireland DAC          
1.900%, 09/23/2019   1,605,000    1,606,477 
2.875%, 09/23/2023   1,880,000    1,888,654 
3.200%, 09/23/2026   1,695,000    1,699,675 
Teva Pharmaceutical          
Finance Netherlands III BV          
2.200%, 07/21/2021   1,960,000    1,956,517 
3.150%, 10/01/2026   1,165,000    1,171,165 
Thermo Fisher Scientific, Inc.          
2.950%, 09/19/2026   1,490,000    1,485,111 
UnitedHealth Group, Inc. 3.100%, 03/15/2026   1,175,000    1,228,383 
         25,937,292 
Industrials - 1.0%          
3M Company 2.250%, 09/19/2026   690,000    689,067 
AP Moeller - Maersk A/S          
3.875%, 09/28/2025 (S)   1,062,000    1,080,052 
ERAC USA Finance LLC          
3.300%, 12/01/2026 (S)   1,460,000    1,502,969 
FedEx Corp. 4.550%, 04/01/2046   1,215,000    1,353,851 
General Electric Company 5.875%, 01/14/2038   444,000    596,482 
Lockheed Martin Corp.          
2.500%, 11/23/2020   1,240,000    1,280,110 
4.700%, 05/15/2046   725,000    863,640 
Northrop Grumman Corp.          
3.250%, 08/01/2023   1,502,000    1,605,739 
3.850%, 04/15/2045   493,000    512,894 
Penske Truck Leasing Company LP          
3.200%, 07/15/2020 (S)   1,130,000    1,169,391 
3.375%, 02/01/2022 (S)   875,000    910,003 
Union Pacific Corp. 4.050%, 03/01/2046   905,000    998,803 
Valmont Industries, Inc. 5.250%, 10/01/2054   719,000    675,124 
         13,238,125 
Information technology - 2.3%          
Apple, Inc.          
2.450%, 08/04/2026   1,105,000    1,108,653 
3.850%, 08/04/2046   2,185,000    2,225,261 
Cisco Systems, Inc.          
1.400%, 09/20/2019   2,860,000    2,862,923 
1.850%, 09/20/2021   3,120,000    3,140,414 
2.200%, 09/20/2023   2,340,000    2,358,514 
Diamond 1 Finance Corp.          
6.020%, 06/15/2026 (S)   830,000    910,446 
Fidelity National Information Services, Inc.          
2.250%, 08/15/2021   805,000    809,721 
2.850%, 10/15/2018   1,435,000    1,472,621 
3.625%, 10/15/2020   1,150,000    1,219,845 
4.500%, 08/15/2046   915,000    917,501 
Hewlett Packard Enterprise Company          
4.900%, 10/15/2025 (S)   645,000    688,796 
6.350%, 10/15/2045 (S)   1,590,000    1,644,165 
Microsoft Corp.          
2.000%, 08/08/2023   1,240,000    1,238,765 
2.400%, 08/08/2026   955,000    955,614 
3.450%, 08/08/2036   740,000    754,870 
3.700%, 08/08/2046   1,020,000    1,033,201 
3.950%, 08/08/2056   475,000    481,109 
Oracle Corp.          
1.900%, 09/15/2021   1,400,000    1,403,658 
2.400%, 09/15/2023   3,085,000    3,110,781 
2.650%, 07/15/2026   310,000    309,734 

 

The accompanying notes are an integral part of the financial statements.

50

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Core Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Information technology (continued)          
Oracle Corp. (continued)          
3.850%, 07/15/2036  $620,000   $645,138 
4.000%, 07/15/2046   640,000    663,095 
         29,954,825 
Materials - 0.9%          
Air Liquide Finance SA          
1.375%, 09/27/2019 (S)   1,460,000    1,458,923 
1.750%, 09/27/2021 (S)   1,235,000    1,233,192 
2.250%, 09/27/2023 (S)   1,055,000    1,059,289 
2.500%, 09/27/2026 (S)   1,055,000    1,061,705 
Barrick Gold Corp. 5.250%, 04/01/2042   515,000    564,754 
Barrick North America Finance LLC          
4.400%, 05/30/2021   930,000    1,018,799 
BHP Billiton Finance USA, Ltd.          
5.000%, 09/30/2043   595,000    705,091 
International Paper Company          
5.150%, 05/15/2046   1,125,000    1,250,688 
Rio Tinto Finance USA, Ltd.          
3.750%, 06/15/2025   1,450,000    1,560,866 
The Mosaic Company 5.625%, 11/15/2043   364,000    391,689 
Vale Overseas, Ltd. 5.875%, 06/10/2021   535,000    560,145 
         10,865,141 
Real estate - 0.7%          
American Tower Corp. 3.450%, 09/15/2021   1,342,000    1,412,503 
DDR Corp.          
3.375%, 05/15/2023   1,369,000    1,380,404 
4.625%, 07/15/2022   1,658,000    1,799,160 
Mid-America Apartments LP          
3.750%, 06/15/2024   1,229,000    1,282,638 
4.000%, 11/15/2025   635,000    674,979 
4.300%, 10/15/2023   567,000    612,671 
Tanger Properties LP          
3.750%, 12/01/2024   607,000    638,209 
3.875%, 12/01/2023   709,000    749,741 
         8,550,305 
Telecommunication services - 1.3%          
AT&T, Inc.          
3.000%, 06/30/2022   2,240,000    2,303,155 
3.400%, 05/15/2025   2,832,000    2,911,259 
3.800%, 03/15/2022   944,000    1,011,190 
3.950%, 01/15/2025   1,760,000    1,869,252 
4.450%, 04/01/2024   2,943,000    3,236,370 
Verizon Communications, Inc.          
4.125%, 08/15/2046   1,055,000    1,058,050 
4.272%, 01/15/2036   1,003,000    1,047,159 
4.400%, 11/01/2034   1,555,000    1,648,536 
4.862%, 08/21/2046   1,888,000    2,120,060 
         17,205,031 
Utilities - 2.4%          
American Electric Power Company, Inc.          
1.650%, 12/15/2017   1,707,000    1,710,182 
Arizona Public Service Company          
2.550%, 09/15/2026   690,000    694,872 
Commonwealth Edison Company          
3.700%, 03/01/2045   269,000    278,537 
Consolidated Edison Company of New          
York, Inc. 3.850%, 06/15/2046   435,000    456,770 
Dominion Resources, Inc.          
1.600%, 08/15/2019   950,000    948,156 
2.000%, 08/15/2021   710,000    708,360 
2.850%, 08/15/2026   710,000    706,663 

 

Core Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
Utilities (continued)          
Dominion Resources, Inc. (continued)          
2.962%, 07/01/2019  $490,000   $502,904 
4.700%, 12/01/2044   352,000    390,476 
Duke Energy Carolinas LLC          
2.500%, 03/15/2023   995,000    1,028,809 
3.875%, 03/15/2046   505,000    536,329 
Duke Energy Corp.          
1.800%, 09/01/2021   1,080,000    1,074,311 
2.650%, 09/01/2026   1,350,000    1,326,119 
3.750%, 09/01/2046   585,000    568,867 
4.800%, 12/15/2045   245,000    278,845 
Duke Energy Florida LLC 3.400%, 10/01/2046   460,000    448,757 
Electricite de France SA          
5.250%, 10/13/2055 (S)   785,000    816,590 
6.000%, 01/22/2114 (S)   235,000    254,480 
Fortis, Inc.          
2.100%, 10/04/2021 (S)   830,000    826,060 
3.055%, 10/04/2026 (S)   1,660,000    1,653,921 
Indiana Michigan Power Company          
4.550%, 03/15/2046   505,000    569,849 
Interstate Power & Light Company          
3.700%, 09/15/2046   530,000    539,924 
MidAmerican Energy Company          
3.500%, 10/15/2024   700,000    763,763 
4.250%, 05/01/2046   695,000    797,303 
Pacific Gas & Electric Company          
2.950%, 03/01/2026   854,000    890,043 
PECO Energy Company 3.150%, 10/15/2025   1,280,000    1,361,097 
PPL Capital Funding, Inc. 3.100%, 05/15/2026   1,945,000    1,978,337 
PPL Electric Utilities Corp.          
4.150%, 10/01/2045   835,000    929,450 
Puget Energy, Inc. 6.000%, 09/01/2021   1,889,000    2,183,459 
Sierra Pacific Power Company          
2.600%, 05/01/2026 (S)   1,100,000    1,115,147 
Southern California Gas Company          
2.600%, 06/15/2026   1,395,000    1,425,770 
Southern Company Gas Capital Corp.          
2.450%, 10/01/2023   460,000    461,656 
Southwestern Electric Power Company          
3.900%, 04/01/2045   709,000    711,326 
The Southern Company 4.400%, 07/01/2046   970,000    1,049,356 
Virginia Electric & Power Company          
3.150%, 01/15/2026   765,000    809,284 
         30,795,772 
TOTAL CORPORATE BONDS (Cost $308,013,028)       $316,454,595 
           
MUNICIPAL BONDS - 1.0%          
County of Clark (Nevada) 6.820%, 07/01/2045   1,765,000    2,746,781 
Los Angeles Community College District          
(California) 6.750%, 08/01/2049   1,185,000    1,886,698 
New Jersey Turnpike Authority          
7.102%, 01/01/2041   1,288,000    1,963,917 
North Texas Tollway Authority          
6.718%, 01/01/2049   1,406,000    2,193,908 
Port Authority of New York & New Jersey          
4.458%, 10/01/2062   1,616,000    1,867,143 
State of California 7.600%, 11/01/2040   1,085,000    1,765,360 
The Ohio State University 4.800%, 06/01/2111   484,000    546,693 
TOTAL MUNICIPAL BONDS (Cost $10,880,127)       $12,970,500 

 

The accompanying notes are an integral part of the financial statements.

51

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Core Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS - 5.1%          
Commercial and residential - 3.8%          
CD Mortgage Trust          
Series 2016-CD1, Class A1,          
1.443%, 08/10/2049  $417,899   $417,211 
Series 2016-CD1, Class ASB,          
2.622%, 08/10/2049   422,000    432,842 
CFCRE Commercial Mortgage Trust          
Series 2011-C1, Class A4,          
4.961%, 04/15/2044 (P) (S)   1,033,000    1,142,948 
Series 2016-C3, Class A1,          
1.793%, 01/10/2048   726,157    730,668 
Series 2016-C4, Class ASB,          
3.163%, 05/10/2058   520,000    544,499 
Citigroup Commercial Mortgage Trust          
Series 2013-GC11, Class A2,          
1.987%, 04/10/2046   1,089,000    1,095,405 
Series 2016-GC36, Class A5,          
3.616%, 02/10/2049   1,287,000    1,398,704 
Commercial Mortgage Trust (Cantor          
Fitzgerald/Deutsche Bank AG)          
Series 2012-CR1, Class A2,          
2.350%, 05/15/2045   1,445,716    1,450,826 
Series 2012-CR4, Class A2,          
1.801%, 10/15/2045   338,000    339,280 
Series 2013-CR10, Class A2,          
2.972%, 08/10/2046   585,000    598,288 
Series 2013-CR11, Class A1,          
1.468%, 10/10/2046   272,722    272,828 
Series 2013-CR12, Class A1,          
1.295%, 10/10/2046   94,723    94,747 
Series 2013-CR12, Class A4,          
4.046%, 10/10/2046   172,000    191,680 
Series 2013-CR13, Class A4,          
4.194%, 11/10/2023 (P)   952,000    1,068,671 
Series 2013-CR6, Class A1,          
0.719%, 03/10/2046   199,225    198,332 
Series 2013-CR6, Class A2,          
2.122%, 03/10/2046   1,896,000    1,906,138 
Series 2014-CR19, Class A5,          
3.796%, 08/10/2047   1,344,000    1,472,710 
Series 2014-UBS4, Class A5,          
3.694%, 08/10/2047   389,000    420,675 
Series 2014-UBS6, Class AM,          
4.048%, 12/10/2047   928,000    1,001,360 
Series 2015-CR26, Class ASB,          
3.373%, 10/10/2048   500,000    532,877 
Commercial Mortgage Trust (Deutsche Bank          
AG), Series 2010-C1, Class A2          
3.830%, 07/10/2046 (S)   214,931    219,910 
Commercial Mortgage Trust (Deutsche Bank          
AG/Jefferies & Company),          
Series 2014-UBS5, Class ASB          
3.548%, 09/10/2047   358,000    381,470 
CSAIL Commercial Mortgage Trust          
Series 2015-C4, Class A4,          
3.808%, 11/15/2048   494,000    541,071 
Series 2016-C5, Class ASB,          
3.533%, 11/15/2048   261,000    281,238 
DBUBS Mortgage Trust, Series 2011-LC1A,          
Class A1 3.742%, 11/10/2046 (S)   34,673    34,807 
GS Mortgage Securities Trust          
Series 2011-GC5, Class A2,          
2.999%, 08/10/2044   100,633    100,586 

 

Core Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
Commercial and residential (continued)          
GS Mortgage Securities Trust (continued)          
Series 2012-GCJ7, Class A2,          
2.318%, 05/10/2045  $819,643   $821,963 
Series 2012-GCJ7, Class AAB,          
2.935%, 05/10/2045   214,000    220,346 
Series 2013-GC16, Class A1,          
1.264%, 11/10/2046   56,530    56,535 
Series 2014-GC18, Class AAB,          
3.648%, 01/10/2047   1,114,000    1,204,212 
Series 2014-GC20, Class AAB,          
3.655%, 04/10/2047   1,117,000    1,208,315 
Series 2015-GC32, Class AAB,          
3.278%, 10/10/2048   605,000    643,684 
Series 2016-GS3, Class A4,          
2.850%, 10/10/2049   508,000    523,126 
Series 2016-GS3, Class AAB,          
2.777%, 10/10/2049   762,000    785,167 
Impact Funding Affordable Multifamily          
Housing Mortgage Loan Trust,          
Series 2010-1, Class A1          
5.314%, 01/25/2051 (S)   3,127,006    3,667,560 
JPMBB Commercial Mortgage Securities Trust          
Series 2013-C14, Class ASB,          
3.761%, 08/15/2046 (P)   370,000    400,410 
Series 2013-C15, Class A2,          
2.977%, 11/15/2045   499,130    512,281 
Series 2015-C28, Class A3,          
2.912%, 10/15/2048   1,740,000    1,794,707 
Series 2015-C30, Class AS,          
4.226%, 07/15/2048 (P)   1,329,000    1,466,316 
Series 2015-C31, Class ASB,          
3.540%, 08/15/2048   415,000    446,972 
Series 2016-C1, Class ASB,          
3.316%, 03/15/2049   1,083,000    1,151,695 
JPMDB Commercial Mortgage          
Securities Trust, Series 2016-C2, Class ASB          
2.954%, 06/15/2049   1,049,000    1,092,640 
JPMorgan Chase Commercial Mortgage          
Securities Corp., Series 2013-C13,          
Class ASB 3.414%, 01/15/2046   749,000    795,892 
JPMorgan Chase Commercial          
Mortgage Securities Trust          
Series 2010-C2, Class A2,          
3.616%, 11/15/2043 (S)   393,448    400,836 
Series 2010-CNTR, Class A1,          
3.300%, 08/05/2032 (S)   357,582    367,398 
Series 2010-CNTR, Class A2,          
4.311%, 08/05/2032 (S)   1,806,000    1,942,985 
Series 2011-C4, Class A3,          
4.106%, 07/15/2046 (S)   2,325,592    2,416,816 
Series 2012-LC9, Class A2,          
1.677%, 12/15/2047   571,346    572,655 
Series 2015-JP1, Class ASB,          
3.733%, 01/15/2049   309,000    336,641 
Series 2016-JP2, Class ASB,          
2.814%, 08/15/2049   812,000    832,694 
Series 2016-JP3, Class A5,          
2.870%, 08/15/2049   391,000    401,488 
Morgan Stanley Bank of America          
Merrill Lynch Trust          
Series 2013-C10, Class A1,          
1.394%, 07/15/2046   292,189    292,289 

 

The accompanying notes are an integral part of the financial statements.

52

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Core Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
Commercial and residential (continued)          
Morgan Stanley Bank of America Merrill          
Lynch Trust (continued)          
Series 2013-C10, Class A2,          
2.964%, 07/15/2046  $321,000   $327,023 
Series 2013-C9, Class A,          
1.970%, 05/15/2046   396,805    399,687 
Series 2015-C23, Class A3,          
3.451%, 07/15/2050   321,000    346,383 
Series 2016-C28, Class A3,          
3.272%, 01/15/2049   902,000    952,447 
Series 2016-C28, Class ASB,          
3.288%, 04/15/2025   1,090,000    1,157,567 
Morgan Stanley Capital I Trust          
Series 2011-C2, Class A2,          
3.476%, 06/15/2044 (S)   211,639    211,490 
Series 2016-UB11, Class A1,          
1.445%, 08/15/2049   1,296,738    1,294,269 
Series 2016-UB11, Class ASB,          
2.606%, 08/15/2049   579,000    593,111 
Series 2016-UBS9, Class A1,          
1.711%, 03/15/2049   753,299    753,049 
UBS-Barclays Commercial Mortgage Trust          
Series 2012-C2, Class A2,          
2.113%, 05/10/2063   1,031,849    1,036,250 
Series 2012-C4, Class A2,          
1.712%, 12/10/2045   816,000    817,846 
         49,114,516 
U.S. Government Agency - 1.3%          
Federal Home Loan Mortgage Corp.          
Series 2014-HQ1, Class M1,          
2.096%, 08/25/2024 (P)   65,029    65,055 
Series 300, Class 300, 3.000%, 01/15/2043   2,099,452    2,186,714 
Series 4225, Class A, 4.000%, 09/15/2040   1,282,779    1,361,785 
Federal National Mortgage Association          
Series 2007-108, Class AN,          
8.156%, 11/25/2037 (P)   346,345    420,191 
Series 2012-112, Class DA,          
3.000%, 10/25/2042   3,499,645    3,644,621 
Series 2012-134, Class LC,          
3.000%, 12/25/2042   1,288,160    1,340,671 
Series 2016-59, Class CA,          
3.500%, 09/25/2043   4,581,332    4,876,793 
Series 2016-M6, Class A2,          
2.488%, 05/25/2026   2,514,000    2,587,681 
Series 411, Class A3, 3.000%, 08/25/2042   678,821    707,837 
         17,191,348 
TOTAL COLLATERALIZED MORTGAGE          
OBLIGATIONS (Cost $65,430,526)       $66,305,864 
           
ASSET BACKED SECURITIES - 15.5%          
Ally Auto Receivables Trust, Series 2014-1,          
Class A4          
1.530%, 04/15/2019   1,261,000    1,267,478 
Ally Master Owner Trust, Series 2012-5,          
Class A          
1.540%, 09/15/2019   695,000    697,498 
AmeriCredit Automobile Receivables Trust,          
Series 2016-3, Class A2A          
1.660%, 11/08/2019   797,000    797,740 

 

Core Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
ASSET BACKED SECURITIES (continued)          
Avis Budget Rental Car Funding AESOP LLC          
Series 2012-3A, Class A,          
2.100%, 03/20/2019 (S)  $986,000   $988,879 
Series 2014-1A, Class A,          
2.460%, 07/20/2020 (S)   678,000    684,823 
Series 2014-2A, Class A,          
2.500%, 02/20/2021 (S)   1,470,000    1,484,761 
Series 2016-2A, Class A,          
2.720%, 11/20/2022 (S)   2,049,000    2,069,640 
Bank of The West Auto Trust, Series 2014-1,          
Class A3          
1.090%, 03/15/2019 (S)   545,597    545,534 
California Republic Auto Receivables Trust          
Series 2014-2, Class A4,          
1.570%, 12/16/2019   559,000    560,717 
Series 2015-1, Class A4,          
1.820%, 09/15/2020   1,003,000    1,011,397 
Series 2015-2, Class A3,          
1.310%, 08/15/2019   788,000    789,033 
Series 2015-4, Class A2,          
1.600%, 09/17/2018 (S)   625,130    626,343 
Series 2015-4, Class A4,          
2.580%, 06/15/2021 (S)   1,323,000    1,358,166 
Series 2016-1, Class A3,          
1.890%, 05/15/2020   1,604,000    1,618,492 
Series 2016-1, Class A4,          
2.240%, 10/15/2021   893,000    909,635 
Series 2016-2, Class A2,          
1.470%, 03/15/2019   827,000    828,215 
Series 2016-2, Class A4,          
2.140%, 12/15/2021   1,454,000    1,465,242 
Capital Auto Receivables Asset Trust          
Series 2013-2, Class A4,          
1.560%, 07/20/2018   125,734    125,771 
Series 2013-3, Class A4,          
1.680%, 04/20/2018   326,146    326,465 
Series 2013-4, Class A4,          
1.470%, 07/20/2018   1,064,000    1,065,467 
Series 2014-1, Class A4,          
1.690%, 10/22/2018   1,926,000    1,921,676 
Series 2015-1, Class A3,          
1.610%, 06/20/2019   1,277,000    1,282,464 
Series 2015-2, Class A2,          
1.390%, 09/20/2018   778,000    779,352 
Series 2015-2, Class A3,          
1.730%, 09/20/2019   1,756,000    1,763,232 
Series 2015-2, Class A4,          
1.970%, 01/21/2020   2,604,000    2,625,586 
Series 2015-3, Class A3,          
1.940%, 01/21/2020   1,777,000    1,789,909 
Series 2015-4, Class A2,          
1.620%, 03/20/2019   1,071,000    1,073,973 
Series 2015-4, Class A3,          
1.830%, 03/20/2020   1,638,000    1,647,544 
Series 2015-4, Class A4,          
2.010%, 07/20/2020   879,000    887,026 
Series 2016-1, Class A2A,          
1.500%, 11/20/2018   2,037,534    2,041,821 
Series 2016-1, Class A3,          
1.730%, 04/20/2020   1,695,000    1,702,340 
Series 2016-1, Class A4,          
1.980%, 10/20/2020   765,000    771,288 
Series 2016-2, Class A2A,          
1.320%, 01/22/2019   499,000    499,337 

 

The accompanying notes are an integral part of the financial statements.

53

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Core Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
ASSET BACKED SECURITIES (continued)          
Capital Auto Receivables          
Asset Trust (continued)          
Series 2016-2, Class A3,          
1.460%, 06/20/2020  $1,198,000   $1,197,648 
Series 2016-3, Class A2A,          
1.360%, 04/22/2019   832,000    832,274 
Series 2016-3, Class A3,          
1.540%, 08/20/2020   716,000    716,312 
Series 2016-3, Class A4,          
1.690%, 03/22/2021   601,000    602,419 
Capital One Multi-Asset Execution Trust          
Series 2014-A5, Class A,          
1.480%, 07/15/2020   2,918,000    2,930,747 
Series 2015-A1, Class A,          
1.390%, 01/15/2021   153,000    153,687 
Series 2016-A2, Class A2,          
1.154%, 02/15/2024 (P)   1,224,000    1,231,137 
Series 2016-A5, Class A5,          
1.660%, 06/17/2024   1,796,000    1,791,898 
Chrysler Capital Auto Receivables Trust,          
Series 2016-AA, Class A3          
1.770%, 10/15/2020 (S)   2,596,000    2,608,592 
Citibank Credit Card Issuance Trust          
Series 2013-A2, Class A2,          
0.802%, 05/26/2020 (P)   1,763,000    1,765,828 
Series 2014-A8, Class A8,          
1.730%, 04/09/2020   626,000    631,877 
Discover Card Execution Note Trust          
Series 2016-A2, Class A2,          
1.021%, 09/15/2021 (P)   578,000    582,702 
Series 2016-A4, Class A4,          
1.390%, 03/15/2022   4,112,000    4,117,197 
Flagship Credit Auto Trust, Series 2016-3,          
Class A2          
2.540%, 11/15/2020 (S)   820,000    821,587 
Ford Credit Auto Owner Trust          
Series 2014-1, Class A,          
2.260%, 11/15/2025 (S)   2,320,000    2,364,907 
Series 2015-2, Class A,          
2.440%, 01/15/2027 (S)   3,379,000    3,469,394 
Series 2016-1, Class A,          
2.310%, 08/15/2027 (S)   2,413,000    2,468,630 
Series 2016-2, Class A,          
2.030%, 12/15/2027 (S)   3,106,000    3,132,656 
Ford Credit Floorplan Master Owner Trust A          
Series 2012-2, Class A, 1.920%, 01/15/2019   740,000    742,103 
Series 2014-1, Class A1,          
1.200%, 02/15/2019   785,000    785,473 
Series 2015-2, Class A2,          
1.005%, 01/15/2022 (P)   754,000    755,514 
Hertz Vehicle Financing II LP, Series 2015-1A,          
Class A          
2.730%, 03/25/2021 (S)   790,000    800,491 
Hertz Vehicle Financing LLC          
Series 2013-1A, Class A2,          
1.830%, 08/25/2019 (S)   673,000    670,738 
Series 2016-3A, Class A,          
2.270%, 07/25/2020 (S)   1,647,000    1,648,303 
Series 2016-4A, Class A,          
2.650%, 07/15/2022 (S)   1,457,000    1,473,718 
Mercedes-Benz Auto Receivables Trust,          
Series 2016-1, Class A3          
1.260%, 02/16/2021   1,462,000    1,465,376 

 

Core Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
ASSET BACKED SECURITIES (continued)          
Navient Private Education Loan Trust          
Series 2014-AA, Class A2B,          
1.684%, 02/15/2029 (P) (S)  $915,000   $917,996 
Series 2015-AA, Class A2A,          
2.650%, 12/15/2028 (S)   700,000    716,490 
Series 2015-AA, Class A2B,          
1.634%, 12/15/2028 (P) (S)   534,000    538,536 
Series 2015-CA, Class B,          
3.250%, 05/15/2040 (S)   1,012,000    1,017,172 
Series 2016-AA, Class A2A,          
3.910%, 12/15/2045 (S)   2,238,000    2,386,554 
Navient Student Loan Trust          
Series 2014-8, Class A2,          
0.886%, 04/25/2023 (P)   902,000    900,289 
Series 2014-CTA, Class A,          
1.134%, 09/16/2024 (P) (S)   1,325,427    1,322,977 
Nelnet Student Loan Trust          
Series 2004-3, Class A5,          
0.818%, 10/27/2036 (P)   2,189,416    2,113,067 
Series 2004-4, Class A5,          
0.798%, 01/25/2037 (P)   1,277,168    1,232,774 
Series 2005-1, Class A5,          
0.748%, 10/25/2033 (P)   3,495,574    3,326,398 
Series 2005-2, Class A5,          
0.724%, 03/23/2037 (P)   1,385,000    1,303,394 
Series 2005-3, Class A5,          
0.744%, 12/24/2035 (P)   1,437,549    1,356,464 
Series 2005-4, Class A4,          
0.804%, 03/22/2032 (P)   859,000    794,440 
Series 2010-4, Class A,          
1.239%, 04/25/2046 (P) (S)   483,790    482,437 
Nissan Auto Receivables Owner Trust          
Series 2016-C, Class A2A,          
1.070%, 05/15/2019   1,955,000    1,953,671 
Series 2016-C, Class A3,          
1.180%, 01/15/2021   1,245,000    1,245,097 
Santander Drive Auto Receivables Trust,          
Series 2016-2, Class A2A          
1.380%, 07/15/2019   2,160,000    2,163,325 
SLC Student Loan Trust, Series 2007-2,          
Class A2          
1.026%, 05/15/2028 (P)   584,217    579,196 
SLM Private Education Loan Trust          
Series 2011-A, Class A2,          
4.370%, 04/17/2028 (S)   2,622,529    2,710,053 
Series 2011-B, Class A2,          
3.740%, 02/15/2029 (S)   362,597    372,625 
Series 2012-B, Class A2,          
3.480%, 10/15/2030 (S)   1,228,936    1,253,882 
Series 2012-D, Class A2,          
2.950%, 02/15/2046 (S)   2,694,864    2,731,408 
Series 2012-E, Class A2B,          
2.183%, 06/15/2045 (P) (S)   809,000    821,374 
Series 2013-A, Class A1,          
1.033%, 08/15/2022 (P) (S)   147,136    147,365 
Series 2013-A, Class A2A,          
1.770%, 05/17/2027 (S)   607,000    606,265 
Series 2013-A, Class A2B,          
1.483%, 05/17/2027 (P) (S)   1,314,000    1,324,817 
Series 2013-B, Class A1,          
1.083%, 07/15/2022 (P) (S)   843,857    845,169 
Series 2013-B, Class A2A,          
1.850%, 06/17/2030 (S)   1,854,000    1,852,720 

 

The accompanying notes are an integral part of the financial statements.

54

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Core Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
ASSET BACKED SECURITIES (continued)          
SLM Private Education Loan Trust (continued)          
Series 2013-C, Class A2A,          
2.940%, 10/15/2031 (S)  $1,310,000   $1,336,607 
Series 2014-A, Class A2A,          
2.590%, 01/15/2026 (S)   2,296,000    2,324,328 
SLM Student Loan Trust          
Series 2004-10, Class A6A,          
1.188%, 04/27/2026 (P) (S)   3,457,000    3,435,938 
Series 2004-10, Class A7A,          
1.465%, 10/25/2029 (P) (S)   1,254,000    1,201,884 
Series 2004-3, Class A5,          
0.808%, 07/25/2023 (P)   1,459,842    1,448,883 
Series 2005-5, Class A3,          
0.738%, 04/25/2025 (P)   212,709    211,349 
Series 2005-5, Class A4,          
0.778%, 10/25/2028 (P)   3,917,000    3,736,619 
Series 2005-6, Class A5B,          
1.838%, 07/27/2026 (P)   581,190    583,089 
Series 2005-6, Class A6,          
0.778%, 10/27/2031 (P)   3,303,000    3,199,607 
Series 2005-7, Class A4,          
0.788%, 10/25/2029 (P)   362,000    349,662 
Series 2005-9, Class A5,          
0.758%, 01/27/2025 (P)   78,479    78,447 
Series 2006-3, Class A5,          
0.738%, 01/25/2021 (P)   1,857,000    1,774,060 
Series 2007-2, Class A4,          
0.698%, 07/25/2022 (P)   3,133,000    2,959,570 
Series 2007-2, Class B,          
0.808%, 07/25/2025 (P)   1,485,000    1,188,709 
Series 2007-3, Class A3,          
0.678%, 04/25/2019 (P)   3,270,928    3,260,676 
Series 2007-5, Class A5,          
0.718%, 01/25/2024 (P)   1,415,375    1,408,085 
Series 2010-1, Class A,          
0.924%, 03/25/2025 (P)   1,676,689    1,625,633 
Series 2012-6, Class A3,          
1.196%, 05/26/2026 (P)   1,997,000    1,956,792 
Series 2012-6, Class B,          
1.446%, 04/27/2043 (P)   1,228,000    1,056,257 
Series 2013-1, Class B,          
2.246%, 11/25/2043 (P)   336,000    298,041 
Series 2013-3, Class B,          
1.946%, 09/25/2043 (P)   993,000    850,663 
Series 2013-6, Class A3,          
1.096%, 06/26/2028 (P)   2,299,000    2,285,561 
Series 2014-2, Class A3,          
1.036%, 03/26/2029 (P)   1,445,000    1,425,132 
SMB Private Education Loan Trust          
Series 2015-A, Class A1,          
1.033%, 07/17/2023 (P) (S)   332,604    333,029 
Series 2015-A, Class A2A,          
2.490%, 06/15/2027 (S)   3,845,000    3,915,524 
Series 2015-A, Class A2B,          
1.433%, 06/15/2027 (P) (S)   2,549,000    2,531,130 
Series 2015-B, Class A2A,          
2.980%, 07/15/2027 (S)   754,000    783,627 
Series 2015-B, Class A2B,          
1.633%, 07/15/2027 (P) (S)   1,968,000    1,971,723 
Series 2015-C, Class A1,          
1.333%, 07/15/2022 (P) (S)   1,270,279    1,273,794 
Series 2015-C, Class A2A,          
2.750%, 07/15/2027 (S)   1,148,000    1,181,508 

 

Core Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value
ASSET BACKED SECURITIES (continued)          
SMB Private Education Loan Trust (continued)          
Series 2015-C, Class A2B,          
1.833%, 06/15/2023 (P) (S)  $957,000   $974,378 
Series 2016-A, Class A1,          
1.136%, 05/15/2023 (P) (S)   1,341,756    1,343,473 
Series 2016-A, Class A2A,          
2.700%, 05/15/2031 (S)   3,092,000    3,150,904 
Series 2016-A, Class A2B,          
1.936%, 05/15/2031 (P) (S)   2,361,000    2,395,424 
Series 2016-B, Class A1,          
1.140%, 11/15/2023 (P) (S)   1,657,811    1,660,525 
Series 2016-B, Class A2A,          
2.600%, 02/17/2032 (S)   1,974,000    1,978,595 
Series 2016-B, Class A2B,          
1.940%, 02/17/2032 (P) (S)   959,000    970,377 
SoFi Professional Loan Program          
Series 2016-D, Class A2A,          
1.550%, 04/25/2033 (S)   1,097,000    1,096,944 
Series 2016-D, Class A2B,          
2.340%, 04/25/2033 (S)   1,065,000    1,064,848 
Synchrony Credit Card Master Note Trust          
Series 2016-2, Class A, 2.150%, 05/15/2024   2,795,000    2,850,173 
Series 2016-3, Class A, 1.580%, 09/15/2022   2,500,000    2,504,881 
TCF Auto Receivables Owner Trust          
Series 2016-1A, Class A2,          
1.390%, 11/15/2019 (S)   1,389,000    1,388,933 
Series 2016-1A, Class A3,          
1.710%, 04/15/2021 (S)   556,000    555,947 
Series 2016-1A, Class A4,          
2.030%, 02/15/2022 (S)   414,000    414,079 
Toyota Auto Receivables Trust          
Series 2016-C, Class A2A,          
1.000%, 01/15/2019   1,158,000    1,157,669 
Series 2016-C, Class A3,          
1.140%, 08/17/2020   1,544,000    1,541,182 
Trade MAPS 1, Ltd., Series 2013-1A, Class A          
1.138%, 12/10/2018 (P) (S)   3,203,000    3,197,770 
Verizon Owner Trust, Series 2016-1A, Class A          
1.420%, 01/20/2021 (S)   2,872,000    2,878,497 
World Financial Network Credit          
Card Master Trust          
Series 2014-C, Class A, 1.540%, 08/16/2021   257,000    257,984 
Series 2016-A, Class A, 2.030%, 04/15/2025   378,000    380,565 
Series 2016-B, Class A, 1.440%, 06/15/2022   1,671,000    1,671,134 
World Omni Auto Receivables Trust,          
Series 2016-B, Class A3          
1.300%, 02/15/2022   1,370,000    1,370,668 
TOTAL ASSET BACKED SECURITIES (Cost $199,552,871)        $199,574,884 
           
SHORT-TERM INVESTMENTS - 1.4%          
Money market funds - 1.4%          
State Street Institutional Liquid Reserves Fund,          
Premier Class, 0.3969% (Y)   18,239,342   $18,239,342 
TOTAL SHORT-TERM INVESTMENTS (Cost $18,239,342)       $18,239,342 
Total Investments (Core Bond Trust)          
(Cost $1,391,870,446) - 109.3%       $1,408,081,759 
Other assets and liabilities, net - (9.3%)        (119,349,841)
TOTAL NET ASSETS - 100.0%       $1,288,731,918 

 

The accompanying notes are an integral part of the financial statements.

55

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Core Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value
SALE COMMITMENTS OUTSTANDING - (1.2)%          
U.S. Government Agency - (1.2)%          
Federal National Mortgage Association          
3.000%, TBA (C)   (8,000,000)  $(8,207,010)
4.000%, TBA (C)   (7,300,000)   (7,801,912)
TOTAL SALE COMMITMENTS          
OUTSTANDING (Cost $(15,931,648))       $(16,008,922)

 

Core Strategy Trust

 

     Shares or     
     Principal     
     Amount   Value 
AFFILIATED INVESTMENT COMPANIES (G) - 100.0%          
Equity - 70.2%          
Strategic Equity Allocation,          
Series NAV (JHAM) (A)(1)   153,062,679   $2,553,085,485 
Fixed income - 29.8%          
Bond, Series NAV (JHAM) (A)(1)   77,426,579    1,082,423,580 
TOTAL AFFILIATED INVESTMENT          
COMPANIES (Cost $3,590,469,567)       $3,635,509,065 
           
COMMON STOCKS - 0.0%          
Consumer discretionary - 0.0%          
Household durables - 0.0%          
Urbi Desarrollos Urbanos SAB de CV (I)   6,600    4 
Consumer staples - 0.0%          
Food products - 0.0%          
Chaoda Modern Agriculture Holdings, Ltd. (I)   28,480    752 
Financials - 0.0%          
Banks - 0.0%          
Irish Bank Resolution Corp., Ltd. (I)   3,621    0 
Diversified financial services - 0.0%          
SRH NV (I)   1,920    0 
         0 
Health care - 0.0%          
Health care providers and services - 0.0%          
Medcath Corp. (I)   500    250 
Industrials - 0.0%          
Airlines - 0.0%          
Virgin Australia Holdings, Ltd. (I)   16,061    62 
Metals and mining - 0.0%          
China Metal Recycling Holdings, Ltd. (I)   7,800    0 
         62 
Materials - 0.0%          
Metals and mining - 0.0%          
Timminco, Ltd. (I)   300    0 
TOTAL COMMON STOCKS (Cost $99,936)       $1,068 
Total Investments (Core Strategy Trust)          
(Cost $3,590,569,503) - 100.0%       $3,635,510,133 
Other assets and liabilities, net - 0.0%        74,944 
TOTAL NET ASSETS - 100.0%       $3,635,585,077 

 

Emerging Markets Value Trust

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS - 96.2%          
Australia - 0.0%          
MMG, Ltd. (I)   528,000   $133,484 
Brazil - 5.2%          
Aliansce Shopping Centers SA   39,777    188,969 
B2W Cia Digital (I)   13,053    64,018 
Banco Alfa de Investimento SA   35,100    46,733 
Banco Bradesco SA   127,484    1,111,318 
Banco do Brasil SA   303,683    2,129,045 
Banco Santander Brasil SA   124,350    841,197 
BM&FBovespa SA   704,038    3,639,094 
Brasil Brokers Participacoes SA (I)   43,600    22,791 
BrasilAgro   15,900    56,127 
Cia Siderurgica Nacional SA (I)   347,459    971,174 
Cosan SA Industria e Comercio   36,306    420,983 
Cyrela Brazil Realty SA Empreendimentos          
e Participacoes   149,300    469,640 
Direcional Engenharia SA   46,600    82,965 
Duratex SA   171,831    454,391 
Embraer SA   190,580    821,003 
Embraer SA, ADR   33,254    573,964 
Estacio Participacoes SA   63,904    349,962 
Eternit SA   22,300    10,491 
Even Construtora e Incorporadora SA   153,400    181,128 
Ez Tec Empreendimentos e Participacoes SA   41,926    196,213 
Fibria Celulose SA   55,198    390,543 
Fibria Celulose SA, ADR (L)   132,301    935,368 
GAEC Educacao SA   16,200    61,768 
Gafisa SA   27,961    21,408 
Gafisa SA, ADR (L)   77,709    120,449 
Gerdau SA   76,629    154,335 
Gerdau SA, ADR (L)   419,641    1,141,424 
Guararapes Confeccoes SA   4,400    92,001 
Helbor Empreendimentos SA   52,400    33,030 
Hypermarcas SA   49,471    423,952 
International Meal          
Company Alimentacao SA (I)   62,700    106,038 
Iochpe Maxion SA   44,500    239,594 
JBS SA   568,861    2,067,536 
JHSF Participacoes SA (I)   56,500    27,797 
Kepler Weber SA   12,700    78,649 
Kroton Educacional SA   637,149    2,897,601 
Log-in Logistica Intermodal SA (I)   15,980    16,952 
Magnesita Refratarios SA (I)   24,950    167,170 
Marfrig Global Foods SA (I)   102,900    165,164 
Mills Estruturas e Servicos          
de Engenharia SA (I)   52,777    74,326 
MRV Engenharia e Participacoes SA   194,665    714,696 
Paranapanema SA   143,550    69,741 
Petroleo Brasileiro SA (I)   720,526    3,354,324 
Petroleo Brasileiro SA, ADR (I)   912,996    7,586,997 
Porto Seguro SA   39,633    363,408 
Profarma Distribuidora de          
Produtos Farmaceuticos SA (I)   3,500    10,633 
QGEP Participacoes SA   47,960    68,574 
Restoque Comercio e Confeccoes          
de Roupas SA (I)   18,300    21,158 
Rumo Logistica Operadora Multimodal SA (I)   99,129    192,640 
Santos Brasil Participacoes SA   87,000    74,904 
Sao Carlos Empreendimentos          
e Participacoes SA   7,005    56,305 
Sao Martinho SA   13,411    241,857 
SLC Agricola SA   41,478    179,322 
Sul America SA   118,537    591,564 
Tecnisa SA   75,700    57,028 

 

The accompanying notes are an integral part of the financial statements.

56

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Emerging Markets Value Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Brazil (continued)          
TOTVS SA   3,254   $30,397 
Usinas Siderurgicas de Minas Gerais SA (I)   65,038    188,985 
Vale SA   607,495    3,326,872 
Via Varejo SA   90,840    177,929 
         39,153,645 
Chile - 1.3%          
Besalco SA   54,208    24,713 
CAP SA   34,732    187,904 
Cementos BIO BIO SA   27,777    26,157 
Cencosud SA   359,457    1,077,230 
Cia Sud Americana de Vapores SA (I)   4,643,700    76,542 
Cristalerias de Chile SA   36,714    330,443 
Empresa Nacional          
de Telecomunicaciones SA (I)   35,080    343,800 
Empresas CMPC SA   406,264    806,864 
Empresas COPEC SA   195,142    1,817,891 
Empresas Hites SA   46,731    30,394 
Empresas La Polar SA (I)   100,593    4,586 
Enersis Americas SA, ADR   157,321    1,288,459 
Enersis Chile SA   193,814    920,617 
Grupo Security SA   177,388    59,504 
Inversiones Aguas Metropolitanas SA   190,194    340,152 
Itau CorpBanca   4,188,241    37,813 
Latam Airlines Group SA (I)   99,235    770,788 
Latam Airlines Group SA, ADR (I)(L)   38,403    311,832 
Masisa SA   2,130,086    106,878 
PAZ Corp. SA   82,428    62,441 
Ripley Corp. SA   552,472    339,829 
Salfacorp SA   159,028    125,232 
Sigdo Koppers SA   26,143    33,509 
Sociedad Matriz SAAM SA   1,923,287    160,841 
Socovesa SA   258,766    82,700 
Tech Pack SA (I)   92,995    49,452 
Vina Concha y Toro SA   31,425    54,948 
         9,471,519 
China - 12.3%          
361 Degrees International, Ltd.   287,000    102,500 
Agile Group Holdings, Ltd.   733,000    419,810 
Agricultural Bank of China, Ltd., H Shares   6,171,000    2,661,779 
Air China, Ltd., H Shares   346,000    233,891 
Aluminum Corp. of China, Ltd., H Shares (I)   352,000    128,420 
Angang Steel Company, Ltd., H Shares (I)   280,000    136,104 
Anhui Tianda Oil Pipe Company, Ltd.,          
H Shares   92,000    22,820 
Anton Oilfield Services Group (I)   128,000    12,007 
Asia Cement China Holdings Corp.   171,000    41,441 
Asia Plastic Recycling Holding, Ltd.   78,000    46,255 
AVIC International Holdings, Ltd., H Shares   152,000    86,117 
Bank of China, Ltd., H Shares   20,817,694    9,613,694 
Bank of Chongqing Company, Ltd., H Shares   204,500    168,568 
Bank of Communications Company, Ltd.,          
H Shares   1,608,876    1,237,466 
Baoye Group Company, Ltd., H Shares   110,000    75,004 
BBMG Corp., H Shares   362,000    140,413 
Beijing Capital International Airport          
Company, Ltd., H Shares   366,000    417,213 
Beijing Capital Land, Ltd., H Shares   390,000    160,990 
Beijing North Star Company, H Shares   260,000    89,365 
Boer Power Holdings, Ltd.   130,000    59,451 
BYD Electronic International Company, Ltd.   249,500    209,407 
Central China Real Estate, Ltd.   397,732    94,350 
Chigo Holding, Ltd. (I)   1,328,000    19,628 

 

Emerging Markets Value Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
China (continued)          
China Aoyuan Property Group, Ltd.   615,000   $147,780 
China BlueChemical, Ltd., H Shares   420,000    77,528 
China CITIC Bank Corp., Ltd., H Shares   1,907,775    1,276,069 
China Coal Energy Company, Ltd., H Shares (I)   480,000    261,270 
China Communications Construction          
Company, Ltd., H Shares   431,555    457,987 
China Communications Services Corp., Ltd.,          
H Shares   563,200    353,506 
China Construction Bank Corp., H Shares   33,772,000    25,364,069 
China Dongxiang Group Company   1,420,000    281,184 
China Dredging Environment          
Protection Holdings, Ltd. (I)   116,000    9,949 
China Everbright Bank Company, Ltd.,          
H Shares   695,000    325,499 
China Evergrande Group   1,199,000    819,312 
China Galaxy Securities Company, Ltd.,          
H Shares   533,500    490,694 
China Great Star International, Ltd. (I)   23,679    39,072 
China Hongqiao Group, Ltd. (L)   482,000    435,857 
China Huiyuan Juice Group, Ltd. (I)   241,000    85,207 
China Longevity Group Co., Ltd. (I)   93,000    16,426 
China Merchants Bank Company, Ltd.,          
H Shares   943,144    2,398,448 
China Modern Dairy Holdings, Ltd. (I)   294,000    55,573 
China National Building Material          
Company, Ltd., H Shares   1,404,000    628,782 
China National Materials Company, Ltd.,          
H Shares   577,000    135,160 
China Petroleum & Chemical Corp., ADR   71,846    5,305,827 
China Railway Construction Corp., H Shares   288,665    330,771 
China Railway Group, Ltd., H Shares   320,000    233,952 
China Rare Earth Holdings, Ltd. (I)   443,600    32,247 
China SCE Property Holdings, Ltd.   535,200    130,723 
China Shanshui Cement Group, Ltd. (I)(L)   1,166,000    75,164 
China Shenhua Energy Company, Ltd.,          
H Shares   581,500    1,149,324 
China Shipping Container Lines Company, Ltd.,          
H Shares (I)   240,150    51,770 
China Shipping Development Company, Ltd.,          
H Shares   428,000    232,884 
China Southern Airlines Company, Ltd.,          
H Shares   462,000    260,617 
China Taifeng Beddings Holdings, Ltd. (I)   204,000    28,405 
China Yurun Food Group, Ltd. (I)   652,000    106,649 
China ZhengTong Auto Services Holdings, Ltd.   277,500    88,351 
China Zhongwang Holdings, Ltd.   700,800    340,541 
Chongqing Machinery & Electric          
Company, Ltd., H Shares   632,000    75,484 
Chongqing Rural Commercial Bank, H Shares   885,000    548,847 
Chu Kong Petroleum & Natural Gas Steel          
Pipe Holdings, Ltd. (I)   111,000    15,400 
CIFI Holdings Group Company, Ltd   316,000    99,745 
CNOOC, Ltd.   6,434,000    8,116,578 
CNOOC, Ltd., ADR   4,614    583,625 
Coland Holdings, Ltd.   14,000    21,386 
Comtec Solar Systems Group, Ltd. (I)   248,000    12,524 
Coolpad Group, Ltd. (I)   604,200    114,483 
Country Garden Holdings Company, Ltd.   1,588,000    843,767 
CPMC Holdings, Ltd.   10,000    5,063 
Dalian Port PDA Company, Ltd., H Shares   363,400    63,301 
Daphne International Holdings, Ltd. (I)   172,000    23,005 
Dongfeng Motor Group Company, Ltd.,          
H Shares   664,000    669,610 

 

The accompanying notes are an integral part of the financial statements.

57

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Emerging Markets Value Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
China (continued)          
Dongyue Group, Ltd. (I)   310,000   $54,755 
Evergreen International Holdings, Ltd. (I)   122,000    13,286 
Fantasia Holdings Group Company, Ltd. (I)   763,500    117,195 
Fosun International, Ltd.   134,960    204,371 
Fufeng Group, Ltd.   331,200    154,556 
GOME Electrical Appliances Holding, Ltd.   2,575,000    317,648 
Greenland Hong Kong Holdings, Ltd. (I)   245,625    71,706 
Greentown China Holdings, Ltd. (I)   274,000    233,113 
Guangshen Railway Company, Ltd., ADR   22,322    583,274 
Guangzhou R&F Properties Company, Ltd.,          
H Shares   452,000    716,265 
Guodian Technology & Environment          
Group Corp., Ltd., H Shares (I)   219,000    14,747 
Harbin Bank Company, Ltd., H Shares (S)   86,000    26,524 
Harbin Electric Company, Ltd., H Shares   318,000    153,768 
Hilong Holding, Ltd.   435,000    65,200 
HNA Infrastructure Company, Ltd.   47,000    52,711 
Honghua Group, Ltd. (I)   292,000    17,643 
Huaneng Renewables Corp., Ltd., H Shares   638,000    224,309 
Huishang Bank Corp., Ltd., H Shares   222,000    114,353 
Hydoo International Holding, Ltd.   128,000    13,118 
Industrial & Commercial Bank of China, Ltd.,          
H Shares   21,097,000    13,389,647 
Jiangxi Copper Company, Ltd., H Shares   315,000    361,801 
Kaisa Group Holdings, Ltd. (I)   1,062,000    53,398 
KWG Property Holding, Ltd.   532,013    352,417 
Leoch International Technology, Ltd.   102,000    13,506 
Lianhua Supermarket Holdings Company, Ltd.,          
H Shares (I)   114,000    43,991 
Longfor Properties Company, Ltd.   44,500    68,745 
Lonking Holdings, Ltd.   871,000    127,833 
Maanshan Iron & Steel Company, Ltd.,          
H Shares (I)   384,000    87,811 
Maoye International Holdings, Ltd. (I)   553,000    55,203 
Metallurgical Corp. of China, Ltd., H Shares   388,000    127,722 
Parkson Retail Group, Ltd.   497,000    53,493 
Peak Sport Products Company, Ltd.   395,000    128,657 
Powerlong Real Estate Holdings, Ltd.   535,000    179,629 
Qunxing Paper Holdings Company, Ltd. (I)   634,371    0 
Renhe Commercial Holdings Company, Ltd. (I)   6,306,000    157,482 
Sany Heavy Equipment International          
Holdings Company, Ltd. (I)   451,000    63,034 
Semiconductor Manufacturing          
International Corp., ADR (I)   127,896    712,381 
Semiconductor          
Manufacturing International Corp. (I)   2,550,000    287,252 
Shandong Chenming Paper Holdings, Ltd.,          
H Shares   113,500    113,143 
Shanghai Jin Jiang International Hotels Group          
Company, Ltd., H Shares   254,000    78,821 
Shanghai Prime Machinery Company, Ltd.,          
H Shares   306,000    62,753 
Shengli Oil & Gas Pipe Holdings, Ltd. (I)   268,500    13,924 
Shenguan Holdings Group, Ltd.   90,000    6,886 
Shui On Land, Ltd.   1,546,461    422,624 
Shunfeng International Clean Energy, Ltd. (I)   424,000    50,783 
Sino-Ocean Land Holding, Ltd.   770,973    357,917 
Sinopec Engineering Group Company, Ltd.,          
H Shares   146,000    126,496 
Sinotrans, Ltd., H Shares   753,000    367,938 
Sinotruk Hong Kong, Ltd.   282,500    151,620 
SOHO China, Ltd.   865,000    469,330 
SPT Energy Group, Inc. (I)   264,000    19,305 

 

Emerging Markets Value Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
China (continued)          
Sunac China Holdings, Ltd.   190,000   $138,238 
Tiangong International Company, Ltd.   434,000    48,473 
Tianneng Power International, Ltd.   106,000    90,877 
Tonly Electronics Holdings, Ltd.   2,280    1,198 
TravelSky Technology, Ltd., H Shares   30,500    72,798 
Trigiant Group, Ltd.   154,000    22,344 
V1 Group, Ltd.   719,400    37,391 
Weichai Power Company, Ltd., H Shares   79,000    106,593 
Weiqiao Textile Company, H Shares   181,500    129,970 
West China Cement, Ltd. (I)   982,000    96,425 
Wuzhou International Holdings, Ltd. (I)   272,000    27,381 
Xiamen International Port Company, Ltd.,          
H Shares   464,000    94,112 
Xingda International Holdings, Ltd.   276,000    114,205 
Xinhua Winshare Publishing and Media          
Company, Ltd., H Shares (I)   96,000    98,984 
Xinjiang Xinxin Mining Industry          
Company, Ltd., H Shares (I)   365,000    39,895 
Yanzhou Coal Mining Company, Ltd., H Shares   292,000    197,967 
Yuanda China Holdings, Ltd. (I)   830,000    23,642 
Yuzhou Properties Company, Ltd.   325,080    120,794 
Zhejiang Glass Company, Ltd., H Shares (I)   162,000    0 
Zhong An Real Estate, Ltd. (I)   386,600    38,564 
Zhongsheng Group Holdings, Ltd.   198,500    190,028 
Zoomlion Heavy Industry Science and          
Technology Company, Ltd., H Shares   395,600    139,874 
         92,879,945 
Colombia - 0.5%          
Almacenes Exito SA   69,441    354,027 
Ecopetrol SA (I)   2,165,302    938,709 
Grupo Argos SA   125,619    811,218 
Grupo de Inversiones Suramericana SA   102,934    1,343,013 
Grupo Nutresa SA   12,821    112,676 
         3,559,643 
Czech Republic - 0.3%          
CEZ AS   78,558    1,403,420 
Pegas Nonwovens SA   4,846    158,270 
Unipetrol AS   114,409    862,302 
         2,423,992 
Greece - 0.1%          
Bank of Greece   1,882    20,976 
Ellaktor SA (I)   80,249    113,456 
GEK Terna Holding Real          
Estate Construction SA (I)   57,356    118,490 
Hellenic Petroleum SA (I)   50,445    224,644 
Intracom Holdings SA (I)   88,849    27,549 
Marfin Investment Group Holdings SA (I)   448,897    61,820 
Mytilineos Holdings SA (I)   54,223    254,900 
         821,835 
Hong Kong - 2.8%          
AMVIG Holdings, Ltd.   262,000    91,793 
Anxin-China Holdings, Ltd. (I)   1,648,000    81,801 
Asian Citrus Holdings, Ltd. (I)   249,000    19,262 
Beijing Enterprises Holdings, Ltd.   83,000    423,571 
C C Land Holdings, Ltd.   625,084    164,865 
Carrianna Group Holdings Company, Ltd.   182,675    17,461 
CECEP COSTIN New Materials Group, Ltd.   348,000    26,920 
Century Sunshine Group Holdings, Ltd.   165,000    6,212 
CGN Meiya Power          
Holdings Company, Ltd. (I)(S)   90,000    13,973 
China Aerospace International Holdings, Ltd.   961,200    127,425 

 

The accompanying notes are an integral part of the financial statements.

58

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Emerging Markets Value Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Hong Kong (continued)          
China Agri-Industries Holdings, Ltd. (I)   864,300   $314,401 
China Everbright, Ltd.   216,000    445,471 
China Fiber Optic Network          
System Group, Ltd. (I)   150,800    11,951 
China Glass Holdings, Ltd. (I)   130,000    17,881 
China High Precision          
Automation Group, Ltd. (I)   18,000    2,878 
China High Speed Transmission Equipment          
Group Company, Ltd.   451,000    458,607 
China Jinmao Holdings Group, Ltd.   1,794,000    556,804 
China Lumena New Materials Corp. (I)   2,036,000    0 
China Merchants Land, Ltd.   498,000    76,296 
China Merchants Port Holdings Company, Ltd.   270,684    726,106 
China New Town          
Development Company, Ltd. (I)   1,505,165    67,188 
China Ocean Resources Company, Ltd. (I)(L)   22,990    38,514 
China Oil & Gas Group, Ltd. (I)   1,240,000    91,741 
China Overseas Grand Oceans Group, Ltd. (I)   365,000    118,597 
China Precious Metal Resources          
Holdings Company, Ltd. (I)   1,252,000    40,403 
China Properties Group, Ltd. (I)   200,000    52,438 
China Resources Beer          
Holdings Company, Ltd. (I)   43,885    93,530 
China Resources Cement Holdings, Ltd.   580,000    233,451 
China Singyes Solar          
Technologies Holdings, Ltd.   251,400    130,285 
China South City Holdings, Ltd. (L)   790,000    176,391 
China Travel International Investment          
Hong Kong, Ltd.   1,058,000    307,567 
China Unicom Hong Kong, Ltd.   1,140,000    1,388,959 
China Unicom Hong Kong, Ltd., ADR (L)   146,172    1,780,375 
CITIC Resources Holdings, Ltd. (I)   604,000    74,536 
CITIC, Ltd.   1,878,130    2,700,934 
Citychamp Watch & Jewellery Group, Ltd.   346,000    81,574 
Clear Media, Ltd.   52,000    49,615 
Comba Telecom Systems Holdings, Ltd.   281,490    56,061 
Concord New Energy Group, Ltd.   140,000    7,372 
COSCO International Holdings, Ltd.   243,625    110,042 
COSCO SHIPPING Ports, Ltd.   760,191    782,165 
Dah Chong Hong Holdings, Ltd.   360,000    146,171 
Digital China Holdings, Ltd. (L)   94,000    90,773 
Dynasty Fine Wines Group, Ltd. (I)   330,000    61,266 
EVA Precision Industrial Holdings, Ltd.   344,000    41,508 
Glorious Property Holdings, Ltd. (I)   1,317,000    175,653 
Golden Meditech Holdings, Ltd. (I)   585,546    75,045 
Goldlion Holdings, Ltd.   178,000    71,233 
Hengdeli Holdings, Ltd. (I)   968,000    107,911 
HKC Holdings, Ltd. (I)   730,149    12,455 
Hopson Development Holdings, Ltd.   242,000    240,603 
Hua Han Health Industry Holdings, Ltd.   1,120,000    77,105 
Inspur International, Ltd.   134,000    26,546 
Ju Teng International Holdings, Ltd.   414,000    123,816 
Kingboard Chemical Holdings, Ltd.   269,130    819,004 
Kingboard Laminates Holdings, Ltd.   258,500    237,230 
Kunlun Energy Company, Ltd.   772,000    596,773 
MIE Holdings Corp. (I)   644,000    64,354 
Min Xin Holdings, Ltd.   46,000    48,339 
Mingyuan Medicare          
Development Company, Ltd. (I)   1,300,000    38,549 
Minmetals Land, Ltd.   600,000    76,949 
New World Department Store China, Ltd. (I)   175,000    25,826 
Nine Dragons Paper Holdings, Ltd.   407,000    383,776 
Poly Property Group Company, Ltd. (I)   869,453    298,661 

 

Emerging Markets Value Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Hong Kong (continued)          
Pou Sheng International Holdings, Ltd.   217,000   $72,017 
Prosperity International Holdings HK, Ltd. (I)   620,000    10,674 
Qingling Motors Company, Ltd., H Shares   358,000    109,460 
Real Nutriceutical Group, Ltd.   178,000    14,995 
REXLot Holdings, Ltd. (I)   14,231    211 
Rotam Global Agrosciences, Ltd.   7,854    9,779 
Samson Holding, Ltd.   317,548    29,981 
Shanghai Industrial Holdings, Ltd.   205,000    593,421 
Shanghai Industrial Urban          
Development Group, Ltd.   689,000    178,849 
Shanghai Zendai Property, Ltd. (I)   2,530,000    53,532 
Shenzhen International Holdings, Ltd.   351,904    587,329 
Shenzhen Investment, Ltd.   496,893    238,502 
Shimao Property Holdings, Ltd.   494,500    675,853 
Shougang Concord International          
Enterprises Company, Ltd. (I)   1,954,000    67,231 
Shougang Fushan Resources Group, Ltd.   1,024,000    232,369 
Silver Grant International Industries, Ltd. (I)   322,000    33,828 
Sino Oil and Gas Holdings, Ltd. (I)   3,900,000    96,980 
Sinofert Holdings, Ltd.   946,000    120,365 
Sinolink Worldwide Holdings, Ltd. (I)   858,000    95,810 
Sinotrans Shipping, Ltd. (I)   683,000    103,646 
Skyworth Digital Holdings, Ltd.   824,204    598,393 
SMI Holdings Group, Ltd.   424,000    42,322 
SRE Group, Ltd. (I)   1,148,857    37,397 
TCC International Holdings, Ltd.   704,000    176,163 
TCL Multimedia Technology Holdings, Ltd. (I)   103,200    51,033 
Tian An China Investment, Ltd.   191,000    103,881 
Tianjin Port Development Holdings, Ltd.   942,000    143,014 
Tomson Group, Ltd.   279,120    94,136 
TPV Technology, Ltd.   487,684    87,184 
Truly International Holdings, Ltd.   356,000    145,578 
Wasion Group Holdings, Ltd.   138,000    75,749 
Yanchang Petroleum International, Ltd. (I)   2,380,000    65,373 
Yuexiu Property Company, Ltd.   2,893,542    458,732 
         21,208,749 
Hungary - 0.3%          
MOL Hungarian Oil and Gas PLC   24,271    1,503,651 
OTP Bank PLC   36,653    962,938 
         2,466,589 
India - 13.5%          
Aarti Industries, Ltd.   11,714    109,275 
Aban Offshore, Ltd. (I)   15,263    45,271 
Adani Enterprises, Ltd.   124,290    123,392 
Adani Ports and Special Economic Zone, Ltd.   399,962    1,539,482 
Adani Power, Ltd. (I)   434,332    163,012 
Adani Transmissions, Ltd. (I)   164,157    94,649 
Aditya Birla Fashion and Retail, Ltd. (I)   63,429    131,630 
Aditya Birla Nuvo, Ltd.   38,744    797,543 
AIA Engineering, Ltd.   2,646    51,147 
Allahabad Bank (I)   123,534    143,554 
Allcargo Logistics, Ltd.   6,452    17,694 
Ambuja Cements, Ltd.   216,494    820,154 
Amtek Auto, Ltd. (I)   52,847    35,264 
Anant Raj, Ltd.   54,720    45,750 
Andhra Bank   94,706    80,719 
Apollo Tyres, Ltd.   195,512    649,033 
Arvind Infrastructure, Ltd. (I)   11,813    14,313 
Arvind, Ltd.   105,618    540,616 
Ashok Leyland, Ltd.   354,646    426,752 
Atul, Ltd.   3,642    125,072 
Axis Bank, Ltd.   767,451    6,278,317 

 

The accompanying notes are an integral part of the financial statements.

59

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Emerging Markets Value Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
India (continued)          
Bajaj Electricals, Ltd.   9,548   $36,601 
Bajaj Finserv, Ltd.   23,264    1,072,638 
Bajaj Hindusthan Sugar, Ltd. (I)   201,805    48,935 
Bajaj Holdings and Investment, Ltd.   20,904    598,253 
Balkrishna Industries, Ltd.   17,258    265,119 
Ballarpur Industries, Ltd. (I)   157,349    32,758 
Balmer Lawrie & Company, Ltd.   8,925    90,853 
Balrampur Chini Mills, Ltd.   100,241    162,529 
Bank of Baroda (I)   213,729    540,103 
Bank of India (I)   114,231    194,204 
Bank of Maharashtra (I)   46,905    21,356 
BEML, Ltd.   6,664    87,814 
BGR Energy Systems, Ltd. (I)   7,989    13,181 
Bharat Heavy Electricals, Ltd.   260,484    529,262 
Bharti Airtel, Ltd.   722,405    3,408,108 
Biocon, Ltd.   26,265    369,404 
Birla Corp., Ltd.   20,789    218,847 
Bombay Dyeing &          
Manufacturing Company, Ltd.   60,098    46,257 
Cairn India, Ltd.   264,145    799,118 
Canara Bank (I)   78,361    365,212 
Ceat, Ltd.   9,407    188,439 
Chambal Fertilizers & Chemicals, Ltd.   88,262    77,638 
Chennai Super Kings Cricket, Ltd. (I)   207,315    7,006 
Cholamandalam Investment and          
Finance Company, Ltd.   5,481    97,017 
Cipla, Ltd.   66,724    581,890 
City Union Bank, Ltd.   58,975    117,544 
Container Corp of India   7,834    161,923 
Coromandel International, Ltd.   34,103    126,731 
Corp. Bank (I)   58,450    37,345 
Cox & Kings, Ltd.   47,142    156,943 
Crompton Greaves          
Consumer Electricals, Ltd. (I)   107,879    250,562 
Crompton Greaves, Ltd. (I)   107,879    122,191 
Cyient, Ltd.   29,043    205,918 
Dalmia Bharat, Ltd.   12,925    363,693 
DB Realty, Ltd. (I)   35,138    23,768 
DCB Bank, Ltd. (I)   121,079    228,537 
DCM Shriram, Ltd.   39,804    127,778 
Deepak Fertilizers & Petrochemicals Corp., Ltd.   18,197    57,036 
Delta Corp., Ltd.   24,742    62,402 
Dena Bank (I)   77,102    42,601 
Dewan Housing Finance Corp., Ltd.   96,281    411,720 
Dishman Pharmaceuticals & Chemicals, Ltd.   17,540    67,730 
DLF, Ltd.   166,810    367,286 
Edelweiss Financial Services, Ltd.   304,550    515,659 
EID Parry India, Ltd. (I)   47,688    176,380 
EIH, Ltd.   49,817    82,410 
Electrosteel Castings, Ltd.   89,970    28,277 
Engineers India, Ltd.   36,086    134,599 
Eros International Media, Ltd. (I)   10,300    31,708 
Escorts, Ltd.   44,637    251,958 
Essel Propack, Ltd.   28,505    97,519 
Eveready Industries India, Ltd.   17,130    65,206 
Exide Industries, Ltd.   79,809    219,905 
Federal Bank, Ltd.   661,126    714,783 
Finolex Cables, Ltd.   54,200    361,489 
Finolex Industries, Ltd.   15,692    106,573 
Firstsource Solutions, Ltd. (I)   137,281    84,631 
Fortis Healthcare, Ltd. (I)   22,284    56,255 
Future Enterprises, Ltd.   32,398    7,870 
Future Retail, Ltd. (I)   32,398    72,990 

 

Emerging Markets Value Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
India (continued)          
Gabriel India, Ltd.   11,712   $20,452 
GAIL India, Ltd.   141,434    796,379 
Gateway Distriparks, Ltd.   13,444    50,995 
Geometric, Ltd.   8,348    29,662 
GHCL, Ltd   10,350    39,580 
GIC Housing Finance, Ltd.   2,997    14,573 
Godfrey Phillips India, Ltd.   7,411    144,190 
Graphite India, Ltd.   39,636    43,795 
Grasim Industries, Ltd.   22,497    1,650,065 
Gujarat Alkalies & Chemicals, Ltd.   19,052    86,672 
Gujarat Fluorochemicals, Ltd.   11,921    93,406 
Gujarat Mineral Development Corp., Ltd.   56,366    72,184 
Gujarat Narmada Valley Fertilizers          
& Chemicals, Ltd.   48,941    131,601 
Gujarat State Fertilisers & Chemicals, Ltd.   88,078    100,891 
Gujarat State Petronet, Ltd.   109,920    256,030 
Hathway Cable & Datacom, Ltd. (I)   68,307    27,084 
HCL Infosystems, Ltd. (I)   72,447    47,017 
HEG, Ltd. (I)   5,818    15,347 
HeidelbergCement India, Ltd. (I)   4,823    9,581 
Hikal, Ltd.   14,144    46,225 
Himachal Futuristic Communications, Ltd. (I)   252,940    56,764 
Himatsingka Seide, Ltd.   20,349    83,009 
Hindalco Industries, Ltd.   640,199    1,473,797 
Hinduja Global Solutions, Ltd.   1,217    9,574 
Hinduja Ventures, Ltd.   1,770    11,575 
Hindustan Construction Company, Ltd. (I)   182,894    96,542 
Hindustan Media Ventures, Ltd.   5,908    25,434 
Housing Development & Infrastructure, Ltd. (I)   188,820    227,061 
HSIL, Ltd.   5,997    30,795 
HT Media, Ltd.   20,444    25,745 
ICICI Bank, Ltd.   1,246,469    4,712,871 
IDBI Bank, Ltd. (I)   140,081    144,623 
Idea Cellular, Ltd.   628,387    749,762 
IDFC Bank, Ltd.   119,156    143,930 
IDFC, Ltd. (I)   119,156    120,559 
IFCI, Ltd.   258,047    102,602 
IIFL Holdings, Ltd.   128,994    524,302 
IL&FS Transportation Networks, Ltd.   25,739    38,920 
Indiabulls Housing Finance, Ltd.   166,834    2,076,898 
Indian Bank   70,234    223,104 
Indian Hotels Company, Ltd.   227,669    452,625 
Indian Overseas Bank (I)   152,678    58,434 
Ingersoll-Rand India, Ltd.   6,529    69,921 
Inox Leisure, Ltd. (I)   7,403    29,367 
Intellect Design Arena, Ltd. (I)   18,186    47,729 
Jagran Prakashan, Ltd. (I)   2,756    7,643 
Jain Irrigation Systems, Ltd.   143,549    193,372 
Jaiprakash Associates, Ltd. (I)   637,250    101,324 
Jammu & Kashmir Bank, Ltd.   145,986    170,994 
Jaypee Infratech, Ltd. (I)   123,242    16,151 
JB Chemicals & Pharmaceuticals, Ltd.   15,769    84,378 
JBF Industries, Ltd.   13,829    46,534 
Jindal Poly Films, Ltd.   2,927    17,247 
Jindal Saw, Ltd. (I)   90,756    75,171 
Jindal Steel & Power, Ltd. (I)   241,370    277,639 
JITF Ingralogistics, Ltd. (I)   7,295    4,497 
JK Cement, Ltd.   8,306    109,190 
JK Lakshmi Cement, Ltd.   11,028    82,934 
JK Tyre & Industries, Ltd.   25,061    55,971 
JM Financial, Ltd.   124,021    121,015 
JSW Energy, Ltd.   408,574    452,756 
JSW Steel, Ltd.   64,719    1,691,018 

 

The accompanying notes are an integral part of the financial statements.

60

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
India (continued)          
Jubilant Life Sciences, Ltd.   35,775   $332,894 
Kalpataru Power Transmission, Ltd.   20,383    80,320 
Kaveri Seed Company, Ltd. (I)   13,823    75,131 
KEC International, Ltd.   41,793    79,324 
Kotak Mahindra Bank, Ltd.   7,812    91,346 
KPIT Technologies, Ltd.   83,308    155,989 
KPR Mill, Ltd.   4,008    73,758 
KRBL, Ltd.   23,076    88,490 
KSK Energy Ventures, Ltd. (I)   31,995    13,249 
L&T Finance Holdings, Ltd.   214,447    294,425 
Lakshmi Vilas Bank, Ltd.   40,270    93,319 
Larsen & Toubro, Ltd.   184,507    3,990,983 
LIC Housing Finance, Ltd.   169,058    1,476,052 
Maharashtra Seamless, Ltd.   17,652    54,958 
Mahindra & Mahindra Financial Services, Ltd.   127,311    700,194 
Mahindra & Mahindra, Ltd.   229,175    4,841,205 
Mahindra Cie Automotive, Ltd. (I)   23,717    68,708 
Mahindra Holidays & Resorts India, Ltd.   2,883    19,413 
Mahindra Lifespace Developers, Ltd.   10,600    69,314 
Manappuram Finance, Ltd.   130,398    180,418 
Max Financial Services, Ltd.   3,103    26,035 
Max India, Ltd. (I)   4,595    9,662 
Max Ventures & Industries, Ltd. (I)   919    703 
McLeod Russel India, Ltd.   34,569    88,305 
Merck, Ltd.   2,586    27,221 
MOIL, Ltd.   3,305    12,309 
Mphasis, Ltd. (I)   49,160    384,450 
MRF, Ltd.   748    574,911 
Muthoot Finance, Ltd.   59,376    312,803 
Nagarjuna Fertilizers & Chemicals, Ltd. (I)   138,250    22,857 
National Aluminium Company, Ltd.   306,277    208,969 
Nava Bharat Ventures, Ltd.   3,228    6,438 
NCC, Ltd.   246,628    305,154 
Nectar Lifesciences, Ltd.   33,906    18,442 
NIIT Technologies, Ltd.   15,320    96,934 
NIIT, Ltd. (I)   19,897    28,574 
Nilkamal, Ltd.   1,228    23,586 
Oberoi Realty, Ltd.   50,603    222,540 
Omaxe, Ltd.   30,842    79,429 
Onmobile Global, Ltd.   19,221    28,980 
Orient Cement, Ltd.   35,224    113,937 
Oriental Bank of Commerce   21,608    40,899 
Parsvnath Developers, Ltd. (I)   76,316    15,514 
PC Jeweller, Ltd.   18,017    131,815 
Persistent Systems, Ltd.   14,831    143,581 
Petronet LNG, Ltd.   125,778    651,869 
Piramal Enterprises, Ltd.   41,626    1,150,879 
Polaris Consulting & Services, Ltd. (I)   8,612    20,599 
Power Finance Corp., Ltd.   385,766    697,797 
Praj Industries, Ltd.   42,222    51,661 
Prestige Estates Projects, Ltd.   65,456    188,878 
Prime Focus, Ltd. (I)   11,877    12,383 
Prism Cement, Ltd. (I)   17,617    27,448 
PTC India Financial Services, Ltd.   29,410    16,676 
PTC India, Ltd.   134,719    151,100 
Punjab National Bank (I)   119,919    254,292 
Puravankara Projects, Ltd.   10,348    7,030 
Radico Khaitan, Ltd.   12,864    23,238 
Rain Industries, Ltd.   46,818    32,058 
Raymond, Ltd.   16,460    132,944 
Redington India, Ltd.   137,134    214,422 
REI Agro, Ltd. (I)   214,503    1,773 
Reliance Communications, Ltd. (I)   501,471    351,219 

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
India (continued)          
Reliance Industries, Ltd., GDR (S)   282,776   $9,277,247 
Reliance Power, Ltd.   431,904    310,007 
Rolta India, Ltd. (I)   82,789    75,992 
Ruchi Soya Industries, Ltd. (I)   87,480    27,718 
Rural Electrification Corp., Ltd.   307,918    557,357 
Sadbhav Engineering, Ltd.   13,431    57,037 
Shipping Corp. of India, Ltd. (I)   85,492    87,698 
Shriram City Union Finance, Ltd.   7,062    227,481 
Shriram Transport Finance Company, Ltd.   79,078    1,389,011 
Simplex Infrastructures, Ltd.   3,305    16,496 
Sintex Industries, Ltd.   113,866    134,494 
Sobha, Ltd.   31,888    140,232 
Sonata Software, Ltd.   18,106    42,577 
SREI Infrastructure Finance, Ltd.   104,363    108,152 
SRF, Ltd.   11,667    311,737 
State Bank of Bikaner & Jaipur   4,463    45,312 
State Bank of India   517,663    1,966,743 
Sterlite Power Transmission, Ltd. (I)   14,442    19,468 
Sterlite Technologies, Ltd.   72,209    85,906 
Sundram Fasteners, Ltd.   12,928    56,481 
Sunteck Realty, Ltd.   8,744    32,690 
Syndicate Bank (I)   101,913    112,481 
TAKE Solutions, Ltd.   21,956    55,568 
Tamil Nadu Newsprint & Papers, Ltd.   8,715    42,885 
Tata Chemicals, Ltd.   50,936    400,893 
Tata Global Beverages, Ltd.   222,044    466,137 
Tata Motors, Ltd.   778,755    6,234,647 
Tata Steel, Ltd.   148,223    838,252 
TCI Express, Ltd. (I)   1,481    6,362 
Tech Mahindra, Ltd.   151,623    960,345 
The Great Eastern Shipping Company, Ltd.   43,738    232,676 
The India Cements, Ltd.   130,924    283,736 
The Karnataka Bank, Ltd.   91,751    203,943 
The Karur Vysya Bank, Ltd.   30,968    218,915 
The Ramco Cements, Ltd.   36,000    321,633 
The South Indian Bank, Ltd.   512,807    168,974 
Time Technoplast, Ltd.   4,194    6,161 
Transport Corp. of India, Ltd.   2,962    8,287 
Trident, Ltd.   22,059    16,505 
Tube Investments of India, Ltd.   23,541    208,688 
TV18 Broadcast, Ltd. (I)   248,227    166,092 
UCO Bank (I)   85,194    46,718 
Uflex, Ltd.   10,885    46,409 
Unichem Laboratories, Ltd.   16,907    68,712 
Union Bank of India, Ltd.   107,918    223,466 
Unitech, Ltd. (I)   227,324    20,286 
UPL, Ltd.   214,809    2,183,916 
VA Tech Wabag, Ltd.   11,629    96,237 
Vardhman Textiles, Ltd.   8,101    129,966 
Vedanta, Ltd., ADR   212,366    2,202,235 
Videocon Industries, Ltd. (I)   61,645    96,234 
Vijaya Bank (I)   83,311    51,553 
Voltas, Ltd.   31,368    179,041 
Welspun Corp, Ltd.   55,523    58,351 
Welspun Enterprises, Ltd. (I)   33,312    30,971 
Wipro, Ltd.   330,399    2,378,935 
Wockhardt, Ltd. (I)   7,433    98,513 
Yes Bank, Ltd.   101,120    1,913,186 
Zensar Technologies, Ltd.   5,057    76,045 
         102,258,201 
Indonesia - 3.2%          
Adaro Energy Tbk PT   8,952,600    830,769 
Adhi Karya Persero Tbk PT   706,500    128,340 

 

The accompanying notes are an integral part of the financial statements.

61

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Indonesia (continued)          
Agung Podomoro Land Tbk PT (I)   4,220,400   $93,276 
Alam Sutera Realty Tbk PT (I)   7,061,400    250,612 
Aneka Tambang Persero Tbk PT (I)   2,982,606    187,801 
Asahimas Flat Glass Tbk PT   62,500    33,326 
Astra Agro Lestari Tbk PT   204,355    232,553 
Astra International Tbk PT   1,260,400    799,754 
Bakrie & Brothers Tbk PT (I)   115,892,589    443,999 
Bakrie Sumatera Plantations Tbk PT (I)   11,376,500    43,585 
Bakrie Telecom Tbk PT (I)   24,850,000    13,328 
Bakrieland Development Tbk PT (I)   23,584,700    90,356 
Bank Bukopin Tbk PT   1,802,600    84,364 
Bank CIMB Niaga Tbk PT (I)   191,122    12,162 
Bank Danamon Indonesia Tbk PT   1,511,194    469,737 
Bank Mandiri Persero Tbk PT   5,146,820    4,440,793 
Bank Negara Indonesia Persero Tbk PT   3,654,581    1,559,022 
Bank Pan Indonesia Tbk PT (I)   2,512,697    159,158 
Bank Pembangunan Daerah Jawa Barat Dan          
Banten Tbk PT   1,949,000    240,905 
Bank Pembangunan Daerah Jawa Timur          
Tbk PT   1,424,000    61,764 
Bank Tabungan Negara Persero Tbk PT   3,003,361    442,939 
Barito Pacific Tbk PT (I)   1,893,500    141,610 
Bekasi Fajar Industrial Estate Tbk PT   3,019,800    68,734 
Benakat Integra Tbk PT (I)   8,689,500    33,295 
Berau Coal Energy Tbk PT (I)   2,215,500    13,920 
Berlian Laju Tanker Tbk PT (I)   16,708,166    0 
BISI International Tbk PT   714,900    98,779 
Blue Bird Tbk PT   90,600    20,507 
Bumi Serpong Damai Tbk PT   2,481,800    420,613 
Ciputra Development Tbk PT   5,212,733    637,076 
Ciputra Property Tbk PT   1,895,329    93,727 
Ciputra Surya Tbk PT   671,493    139,124 
Clipan Finance Indonesia Tbk PT (I)   1,045,000    20,528 
Darma Henwa Tbk PT (I)   15,257,700    58,454 
Delta Dunia Makmur Tbk PT (I)   1,914,700    33,227 
Eagle High Plantations Tbk PT (I)   5,338,700    77,455 
Elnusa Tbk PT   2,551,600    89,648 
Energi Mega Persada Tbk PT (I)   36,318,681    139,141 
Erajaya Swasembada Tbk PT   773,000    39,774 
Eureka Prima Jakarta Tbk PT (I)   336,800    2,607 
Exploitasi Energi Indonesia Tbk PT (I)   1,289,000    4,944 
Gajah Tunggal Tbk PT (I)   984,500    113,419 
Garuda Indonesia Persero Tbk PT (I)   2,909,563    95,496 
Global Mediacom Tbk PT   3,942,400    269,522 
Gudang Garam Tbk PT   50,500    240,300 
Harum Energy Tbk PT (I)   221,700    17,773 
Holcim Indonesia Tbk PT   1,143,068    90,750 
Indah Kiat Pulp & Paper Corp. Tbk PT   1,886,100    142,486 
Indika Energy Tbk PT (I)   423,600    19,989 
Indo Tambangraya Megah Tbk PT   199,400    167,080 
Indofood Sukses Makmur Tbk PT   2,978,700    1,992,112 
Intiland Development Tbk PT   4,188,900    192,549 
Japfa Comfeed Indonesia Tbk PT   1,909,870    254,397 
Kawasan Industri Jababeka Tbk PT (I)   10,312,316    232,840 
Krakatau Steel Persero Tbk PT (I)   658,500    42,186 
Lippo Cikarang Tbk PT (I)   290,100    130,832 
Lippo Karawaci Tbk PT   11,327,493    862,346 
Medco Energi Internasional Tbk PT (I)   1,275,100    149,958 
Media Nusantara Citra Tbk PT   1,422,400    220,976 
Mitra Adiperkasa Tbk PT (I)   360,000    127,026 
MNC Investama Tbk PT (I)   15,144,900    168,507 
Modernland Realty Tbk PT (I)   4,331,800    122,278 
Multipolar Corp. Tbk PT (I)   4,857,100    133,609 

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Indonesia (continued)          
Nusantara Infrastructure Tbk PT (I)   3,748,800   $36,216 
Pabrik Kertas Tjiwi Kimia Tbk PT   145,000    7,460 
Pan Brothers Tbk PT   1,853,200    66,233 
Panin Financial Tbk PT (I)   9,482,100    137,676 
Paninvest Tbk PT (I)   862,300    43,365 
Perusahaan Perkebunan London Sumatra          
Indonesia Tbk PT   2,340,500    268,909 
Ramayana Lestari Sentosa Tbk PT   1,938,400    163,465 
Salim Ivomas Pratama Tbk PT   2,291,600    87,494 
Sampoerna Agro Tbk PT   457,700    66,853 
Semen Baturaja Persero Tbk PT   480,600    59,418 
Semen Indonesia Persero Tbk PT   1,077,200    836,771 
Sentul City Tbk PT (I)   5,838,200    41,659 
Sigmagold Inti Perkasa Tbk PT (I)   1,106,600    22,895 
Sri Rejeki Isman Tbk PT   5,232,100    83,557 
Surya Semesta Internusa Tbk PT   2,441,000    104,202 
Suryainti Permata Tbk PT (I)   1,446,000    0 
Tambang Batubara Bukit Asam Persero Tbk PT   404,200    299,280 
Tiga Pilar Sejahtera Food Tbk PT (I)   1,253,300    187,651 
Timah Persero Tbk PT   2,064,260    129,245 
Tiphone Mobile Indonesia Tbk PT   1,513,200    74,868 
Trias Sentosa Tbk PT   1,792,200    38,849 
Trimegah Securities Tbk PT (I)   870,700    4,271 
Truba Alam Manunggal Engineering          
Tbk PT (I)   11,991,500    45,941 
Tunas Baru Lampung Tbk PT   1,620,000    121,135 
Tunas Ridean Tbk PT   1,669,800    175,951 
United Tractors Tbk PT   1,086,200    1,479,867 
Vale Indonesia Tbk PT (I)   1,689,800    383,765 
Visi Media Asia Tbk PT (I)   1,337,400    27,539 
XL Axiata Tbk PT (I)   1,859,900    385,607 
         23,918,279 
Malaysia - 3.4%          
Affin Holdings BHD   398,590    211,376 
AirAsia BHD   749,200    506,278 
Alliance Financial Group BHD   461,800    415,510 
AMMB Holdings BHD   991,962    981,794 
Ann Joo Resources BHD   41,600    20,850 
Batu Kawan BHD   300    1,310 
Benalec Holdings BHD   110,400    10,828 
Berjaya Corp. BHD   1,713,100    139,050 
BIMB Holdings BHD   90,200    90,276 
Boustead Holdings BHD   523,120    273,466 
Boustead Plantations BHD   120,100    42,989 
Bumi Armada BHD   1,186,700    201,554 
Cahya Mata Sarawak BHD   184,500    169,601 
Can-One BHD   29,200    23,971 
CIMB Group Holdings BHD   1,220,381    1,392,736 
Coastal Contracts BHD   86,000    31,487 
Dayang Enterprise Holdings BHD (I)   120,000    28,985 
DRB-Hicom BHD (I)   471,500    165,589 
Eastern & Oriental BHD   81,798    33,265 
Eco World Development Group BHD (I)   221,600    69,748 
Ekovest BHD   56,200    25,983 
Evergreen Fibreboard BHD   209,800    47,949 
Felda Global Ventures Holdings BHD   661,400    374,908 
Genting BHD   1,240,400    2,381,019 
Genting Malaysia BHD   1,030,500    1,134,463 
Glomac BHD   229,400    42,834 
Goldis BHD   114,135    73,916 
Hap Seng Consolidated BHD   231,920    431,801 
Hap Seng Plantations Holdings BHD   176,700    102,603 
Hong Leong Financial Group BHD   172,799    645,290 

 

The accompanying notes are an integral part of the financial statements.

62

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Malaysia (continued)          
Hong Leong Industries BHD   25,000   $55,879 
Hua Yang BHD   73,066    32,560 
Hume Industries BHD   27,000    20,761 
IJM Corp. BHD   1,925,960    1,495,064 
Inch Kenneth Kajang Rubber   106,800    17,989 
Insas BHD   256,669    44,455 
IOI Properties Group BHD   563,600    339,931 
Iris Corp. BHD (I)   380,100    15,652 
Iskandar Waterfront City BHD (I)   59,700    12,885 
JAKS Resources BHD (I)   246,000    59,536 
Jaya Tiasa Holdings BHD   210,626    67,431 
JCY International BHD   265,600    34,107 
K&N Kenanga Holdings BHD (I)   343,945    39,510 
Keck Seng Malaysia BHD   136,300    157,997 
Kian JOO CAN Factory BHD   171,700    116,249 
Kim Loong Resources BHD   31,000    24,598 
KNM Group BHD (I)   1,071,600    105,373 
KSL Holdings BHD   286,000    76,809 
Kumpulan Fima BHD   2,300    1,025 
Kwantas Corp. BHD (I)   56,000    16,645 
Land & General BHD   163,200    16,193 
Landmarks BHD (I)   147,700    27,218 
LBS Bina Group BHD   167,000    71,891 
Magnum BHD   176,500    96,532 
Mah Sing Group BHD   405,000    159,070 
Malayan Banking BHD   981,291    1,781,169 
Malayan Flour Mills BHD   132,300    47,727 
Malaysia Airports Holdings BHD   363,058    574,749 
Malaysia Building Society BHD   730,100    165,309 
Malaysia Marine and Heavy Engineering          
Holdings BHD (I)   42,700    10,458 
Malaysian Bulk Carriers BHD (I)   194,100    36,709 
Malaysian Pacific Industries BHD   38,275    72,209 
Malaysian Resources Corp. BHD   534,000    168,108 
MBM Resources BHD   78,650    47,555 
Media Prima BHD   396,400    126,525 
Mega First Corp. BHD   93,200    44,889 
MISC BHD   640,000    1,168,792 
MK Land Holdings BHD   80,700    6,056 
MKH BHD   75,100    53,462 
MMC Corp. BHD   346,900    191,225 
MNRB Holdings BHD (I)   10,000    7,604 
Mudajaya Group BHD (I)   92,200    22,362 
Muhibbah Engineering Malaysia BHD   31,900    17,767 
Mulpha International BHD (I)   941,700    46,731 
Naim Holdings BHD (I)   67,100    26,258 
Oriental Holdings BHD   297,120    500,177 
OSK Holdings BHD   416,098    158,890 
Panasonic Manufacturing Malaysia BHD   18,700    162,825 
Pantech Group Holdings BHD   53,555    6,944 
Parkson Holdings BHD (I)   209,867    39,602 
Petron Malaysia Refining & Marketing BHD   21,000    20,335 
POS Malaysia BHD   152,800    142,401 
PPB Group BHD   140,100    548,829 
Press Metal BHD   151,400    157,296 
Protasco BHD   109,900    41,459 
RHB Capital BHD   360,689    405,833 
Rimbunan Sawit BHD (I)   321,800    38,190 
Salcon BHD   315,900    44,387 
SapuraKencana Petroleum BHD (I)   1,839,400    702,398 
Sarawak Oil Palms BHD   49,300    44,783 
Scomi Group BHD (I)   752,300    23,736 
Selangor Dredging BHD   208,400    43,202 

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Malaysia (continued)          
Selangor Properties BHD   105,000   $115,626 
Shangri-La Hotels Malaysia BHD   70,600    89,526 
Shell Refining Company Federation of          
Malaya BHD (I)   29,600    21,925 
SHL Consolidated BHD   53,700    38,425 
SP Setia BHD   265,165    223,597 
Star Media Group BHD   37,400    22,712 
Sumatec Resources BHD (I)   915,000    18,909 
Sunway BHD   375,396    281,547 
Supermax Corp. BHD   208,400    109,954 
Suria Capital Holdings BHD   133,000    66,016 
TA Ann Holdings BHD   140,748    121,830 
TA Enterprise BHD   643,600    75,600 
Tan Chong Motor Holdings BHD   42,500    19,820 
Tanjung Offshore BHD (I)   222,400    16,714 
TDM BHD   365,900    58,523 
TH Plantations BHD (I)   6,680    1,794 
Time dotCom BHD   218,400    426,487 
Tiong NAM Logistics Holdings   48,800    20,076 
Tropicana Corp. BHD   311,700    77,900 
UEM Edgenta BHD   94,000    75,628 
UEM Sunrise BHD   830,600    237,703 
UMW Holdings BHD   204,100    288,547 
UMW Oil and Gas Corp. BHD (I)   388,200    83,941 
Unisem M BHD   289,180    176,498 
United Malacca BHD   97,800    134,282 
UOA Development BHD   345,400    209,279 
VS Industry BHD   457,050    152,783 
Wah Seong Corp. BHD   107,456    22,788 
WCT Holdings BHD   506,487    197,635 
Wing Tai Malaysia BHD   74,650    19,204 
WTK Holdings BHD   179,600    46,954 
YNH Property BHD (I)   232,701    90,998 
YTL Corp. BHD   2,993,040    1,295,672 
YTL Land & Development BHD (I)   52,700    7,405 
         25,720,038 
Mexico - 5.2%          
Alfa SAB de CV, Class A   1,527,798    2,379,582 
Alpek SAB de CV   217,999    369,445 
Arca Continental SAB de CV   62,360    371,142 
Axtel SAB de CV (I)   332,385    76,798 
Bio Pappel SAB de CV (I)   32,029    42,205 
Cemex SAB de CV, ADR (I)(L)   620,036    4,923,086 
Cia Minera Autlan SAB de CV, Series B (I)   28,371    9,013 
Coca-Cola Femsa SAB de CV, ADR (L)   6,450    483,750 
Coca-Cola Femsa SAB de CV, Series L   158,718    1,190,932 
Consorcio ARA SAB de CV   473,753    165,413 
Corp. Actinver SAB de CV   30,824    21,620 
Credito Real SAB de CV   58,412    100,317 
Desarrolladora Homex SAB de CV (I)   9,110    911 
Fomento Economico Mexicano SAB de CV   13,507    124,323 
Fomento Economico Mexicano SAB          
de CV, ADR   4,803    442,068 
Genomma Lab Internacional SAB          
de CV, Class B (I)   158,592    165,056 
Grupo Aeromexico SAB de CV (I)(L)   93,581    170,128 
Grupo Aeroportuario del Pacifico SAB          
de CV, ADR   17,983    1,707,846 
Grupo Aeroportuario del Sureste SAB          
de CV, ADR   4,256    623,164 
Grupo Carso SAB de CV, Series A1   360,481    1,445,661 
Grupo Cementos de Chihuahua SAB de CV   35,500    98,867 
Grupo Comercial Chedraui SA de CV   165,367    361,185 

 

The accompanying notes are an integral part of the financial statements.

63

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Mexico (continued)          
Grupo Elektra SAB de CV   24,918   $321,676 
Grupo Famsa SAB de CV, Class A (I)   134,561    57,531 
Grupo Financiero Banorte SAB de CV   1,182,450    6,207,485 
Grupo Financiero Inbursa SAB de CV, Series O   746,401    1,177,935 
Grupo Financiero Interacciones SA de CV   48,214    227,521 
Grupo Financiero Santander Mexico SAB          
de CV, Class B   872,328    1,530,530 
Grupo Herdez SAB de CV   99,173    215,636 
Grupo Industrial Maseca SAB de CV, Series B   53,900    61,434 
Grupo Industrial Saltillo SAB de CV   99,900    183,934 
Grupo KUO SAB de CV, Series B   152,394    293,946 
Grupo Mexico SAB de CV, Series B   2,285,488    5,589,440 
Grupo Pochteca SAB de CV (I)   11,500    5,332 
Grupo Sanborns SAB de CV   169,891    192,236 
Grupo Simec SAB de CV, Series B (I)   76,650    237,266 
Grupo Sports World SAB de CV (I)   9,300    7,770 
Industrias Bachoco SAB de CV, ADR   2,653    133,074 
Industrias Bachoco SAB de CV, Series B   64,616    270,031 
Industrias CH SAB de CV, Series B (I)   104,024    462,293 
Industrias Penoles SAB de CV   65,939    1,577,931 
La Comer SAB de CV (I)   179,999    166,169 
Maxcom Telecomunicaciones SAB de CV (I)   3,007    1,774 
Megacable Holdings SAB de CV   19,519    74,966 
Mexichem SAB de CV   468,834    1,047,697 
Minera Frisco SAB de CV, Series A1 (I)   70,751    49,260 
OHL Mexico SAB de CV (I)   561,560    745,184 
Organizacion Cultiba SAB de CV   89,403    100,747 
Organizacion Soriana SAB de CV, Series B (I)   999,294    2,458,326 
Qualitas Controladora SAB de CV   123,817    186,909 
TV Azteca SAB de CV (L)   660,334    105,233 
Urbi Desarrollos Urbanos SAB de CV (I)(L)   662,000    376 
Vitro SAB de CV, Series A   24,384    78,586 
         39,040,740 
Netherlands - 0.7%          
Steinhoff International Holdings NV   943,029    5,400,643 
Philippines - 1.4%          
Alliance Global Group, Inc.   1,369,100    450,141 
Atlas Consolidated Mining          
& Development Corp. (I)   348,700    30,709 
Ayala Corp.   4,440    78,667 
Bank of the Philippine Islands   39,060    84,615 
BDO Unibank, Inc.   750,600    1,702,514 
Bloomberry Resorts Corp. (I)   608,000    57,245 
Cebu Air, Inc.   73,750    172,030 
Century Properties Group, Inc.   1,726,673    20,714 
China Banking Corp.   15,336    12,025 
Cosco Capital, Inc.   1,004,800    171,992 
East West Banking Corp.   176,200    72,705 
Emperador, Inc.   150,500    22,501 
Empire East Land Holdings, Inc. (I)   1,152,000    17,893 
Energy Development Corp.   347,700    42,448 
Filinvest Development Corp.   211,875    35,146 
Filinvest Land, Inc.   4,587,500    173,865 
First Philippine Holdings Corp.   185,300    278,465 
Integrated Micro-electronics, Inc.   158,000    19,912 
JG Summit Holdings, Inc.   877,620    1,351,223 
Lopez Holdings Corp.   1,548,300    264,828 
LT Group, Inc.   873,800    276,058 
Megawide Construction Corp. (I)   191,900    62,879 
Megaworld Corp.   5,188,800    507,420 
Metropolitan Bank & Trust Company   219,338    386,521 
Pepsi-Cola Products Philippines, Inc.   243,000    16,036 

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Philippines (continued)          
Petron Corp.   1,343,400   $282,577 
Philippine National Bank   281,910    338,980 
Philtown Properties, Inc. (I)   3,844    122 
Phinma Energy Corp.   1,023,000    47,941 
Phoenix Petroleum Philippines, Inc.   146,300    18,101 
Premium Leisure Corp.   1,000,000    21,140 
RFM Corp.   266,000    23,050 
Rizal Commercial Banking Corp.   252,500    186,983 
Robinsons Land Corp.   1,218,400    779,738 
Robinsons Retail Holdings, Inc.   97,030    150,520 
San Miguel Corp.   344,510    579,869 
San Miguel Pure Foods Company, Inc.   7,670    34,325 
Security Bank Corp.   124,210    619,944 
SSI Group, Inc. (I)   476,000    28,081 
Top Frontier Investment Holdings, Inc. (I)   68,134    319,116 
Travellers International Hotel Group, Inc.   831,800    56,538 
Union Bank of the Philippines   250,960    380,016 
Vista Land & Lifescapes, Inc.   4,733,400    527,325 
         10,702,918 
Poland - 1.4%          
Agora SA   24,700    64,497 
Asseco Poland SA   54,988    801,645 
Bank Millennium SA (I)   224,084    328,847 
Bioton SA (I)   45,462    99,336 
ComArch SA (I)   1,802    89,381 
Enea SA (I)   115,475    257,203 
Farmacol SA (I)   3,673    46,627 
Firma Oponiarska Debica SA   1,250    33,976 
Getin Holding SA (I)   169,278    43,856 
Grupa Azoty SA   12,877    207,582 
Grupa Kety SA   3,894    399,973 
Grupa Lotos SA (I)   41,499    309,069 
Jastrzebska Spolka Weglowa SA (I)   10,210    141,058 
KGHM Polska Miedz SA   53,887    1,049,970 
LC Corp. SA   155,767    79,462 
mBank SA (I)   2,430    217,369 
MCI Capital SA (I)   17,341    46,508 
Netia SA   213,373    272,084 
Orbis SA   28,371    575,120 
PGE Polska Grupa Energetyczna SA   529,153    1,405,808 
PKP Cargo SA (I)   8,909    88,565 
Polnord SA (I)(L)   19,758    49,018 
Polski Koncern Miesny Duda SA (I)   2,666    4,170 
Polski Koncern Naftowy Orlen SA   156,336    2,658,834 
Powszechna Kasa Oszczednosci          
Bank Polski SA   145,260    992,278 
Tauron Polska Energia SA (I)   315,304    214,547 
Trakcja SA   22,296    73,953 
Vistula Group SA (I)   37,313    31,717 
         10,582,453 
Russia - 2.1%          
Gazprom PJSC, ADR   1,642,980    6,925,623 
Lukoil PJSC, ADR   172,761    8,424,326 
Magnitogorsk Iron & Steel Works OJSC, GDR   60,060    356,075 
RusHydro PJSC, ADR   363,386    432,633 
VTB Bank PJSC, GDR   21,612    48,150 
         16,186,807 
South Africa - 7.5%          
Adcorp Holdings, Ltd.   64,690    66,505 
AECI, Ltd.   62,019    470,081 
African Bank Investments, Ltd. (I)   690,372    15,596 

 

The accompanying notes are an integral part of the financial statements.

64

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
South Africa (continued)          
African Rainbow Minerals, Ltd.   89,974   $540,717 
Alexander Forbes Group Holdings, Ltd.   224,826    105,538 
Allied Electronics Corp., Ltd., A Shares (I)   34,041    15,143 
Anglo American Platinum, Ltd. (I)   18,673    525,334 
AngloGold Ashanti, Ltd., ADR (I)   282,573    4,498,562 
ArcelorMittal South Africa, Ltd. (I)   138,452    89,878 
Astral Foods, Ltd.   10,923    93,843 
Aveng, Ltd. (I)   296,266    148,796 
Barclays Africa Group, Ltd.   228,528    2,523,091 
Barloworld, Ltd.   158,017    956,880 
Blue Label Telecoms, Ltd.   263,306    363,966 
Caxton & CTP Publishers & Printers, Ltd.   126,395    126,362 
Clover Industries, Ltd.   74,809    107,213 
Consolidated Infrastructure Group, Ltd. (I)   29,197    55,006 
DataTec, Ltd.   157,049    555,066 
DRDGOLD, Ltd.   348,805    172,579 
Eqstra Holdings, Ltd. (I)   216,889    43,330 
Exxaro Resources, Ltd.   50,024    307,531 
Gold Fields, Ltd., ADR   644,680    3,126,698 
Grindrod, Ltd.   224,703    188,344 
Group Five, Ltd.   85,698    173,311 
Harmony Gold Mining Company, Ltd., ADR   207,915    725,623 
Hudaco Industries, Ltd.   16,112    120,638 
Hulamin, Ltd. (I)   112,965    41,692 
Impala Platinum Holdings, Ltd. (I)   315,917    1,596,343 
Imperial Holdings, Ltd.   90,402    1,103,854 
Investec, Ltd.   126,324    775,419 
KAP Industrial Holdings, Ltd.   570,346    310,709 
Kumba Iron Ore, Ltd. (I)(L)   26,874    242,576 
Lewis Group, Ltd. (L)   64,602    192,497 
Liberty Holdings, Ltd.   81,593    693,211 
Merafe Resources, Ltd.   1,207,366    86,838 
Metair Investments, Ltd.   50,105    73,149 
MMI Holdings, Ltd.   700,337    1,140,500 
Mondi, Ltd.   75,306    1,582,330 
Mpact, Ltd.   124,405    300,609 
MTN Group, Ltd.   882,205    7,563,005 
Murray & Roberts Holdings, Ltd.   221,422    179,482 
Nampak, Ltd.   245,555    348,383 
Nedbank Group, Ltd.   107,848    1,754,153 
Northam Platinum, Ltd. (I)   142,008    539,321 
Omnia Holdings, Ltd.   42,258    520,358 
Peregrine Holdings, Ltd.   96,580    201,355 
Pinnacle Holdings, Ltd. (I)   94,723    114,887 
PSG Group, Ltd.   4,507    65,994 
Raubex Group, Ltd.   77,675    138,916 
RCL Foods, Ltd.   30,337    32,204 
Reunert, Ltd.   44,231    197,071 
Royal Bafokeng Platinum, Ltd. (I)   27,825    104,302 
Sappi, Ltd. (I)   236,173    1,223,299 
Sappi, Ltd., ADR (I)   156,861    815,677 
Sasol, Ltd. (L)   198,015    5,409,880 
Sasol, Ltd., ADR   53,608    1,464,571 
Sibanye Gold, Ltd., ADR (L)   125,317    1,770,729 
Standard Bank Group, Ltd.   723,760    7,436,890 
Stefanutti Stocks Holdings, Ltd. (I)   60,065    20,099 
Super Group, Ltd. (I)   241,298    747,741 
Telkom SA SOC, Ltd.   196,794    867,684 
Telkom SA SOC, Ltd., ADR   3,000    53,250 
Tiger Wheels, Ltd. (I)   32,678    0 
Tongaat Hulett, Ltd.   68,141    586,939 
Trencor, Ltd.   100,698    247,368 

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
South Africa (continued)          
Wilson Bayly Holmes-Ovcon, Ltd.   8,470   $95,208 
         56,754,124 
South Korea - 15.5%          
AJ Rent A Car Company, Ltd. (I)   5,743    51,234 
Asia Cement Company, Ltd.   571    38,134 
ASIA Holdings Company, Ltd.   670    60,723 
Asia Paper Manufacturing Company, Ltd. (I)   1,600    30,340 
Asiana Airlines, Inc. (I)   26,396    116,127 
AUK Corp. (I)   11,209    25,881 
BNK Financial Group, Inc.   130,318    1,020,166 
BYC Company, Ltd.   137    57,898 
CammSys Corp. (I)(L)   15,682    38,890 
Chosun Refractories Company, Ltd.   1,259    101,561 
CJ Hellovision Company, Ltd.   10,798    88,474 
CJ O Shopping Company, Ltd.   270    39,578 
CKD Bio Corp.   1,014    24,172 
Cosmochemical Company, Ltd. (I)   3,570    15,572 
Dae Dong Industrial Company, Ltd.   5,828    38,216 
Dae Han Flour Mills Company, Ltd.   591    97,277 
Daechang Company, Ltd. (I)   20,253    22,339 
Daeduck Electronics Company   19,359    135,784 
Daeduck GDS Company, Ltd.   10,322    113,806 
Daegu Department Store   3,556    42,676 
Daehan Steel Company, Ltd.   9,250    87,236 
Daekyo Company, Ltd.   13,194    104,095 
Daelim Industrial Company, Ltd.   10,309    780,669 
Daesang Holdings Company, Ltd.   4,064    44,837 
Daesung Holdings Company, Ltd.   1,942    16,188 
Daewon San Up Company, Ltd.   3,288    27,137 
Daewoo Engineering &          
Construction Company, Ltd. (I)   34,186    198,950 
Daewoo Shipbuilding & Marine          
Engineering Company, Ltd. (I)   20,438    83,136 
Dahaam E-Tec Company, Ltd. (I)   2,630    42,984 
Daishin Securities Company, Ltd.   23,056    221,240 
Daou Technology, Inc.   11,106    220,329 
Dasan Networks, Inc. (I)   7,253    49,974 
DGB Financial Group, Inc.   82,059    675,674 
Display Tech Company, Ltd.   7,016    25,973 
DK UIL Company, Ltd.   960    10,065 
Dong Ah Tire & Rubber Company, Ltd.   6,260    141,960 
Dong-Il Corp.   706    38,864 
Dongbang Transport Logistics Company, Ltd.   5,500    13,273 
DONGBU Company, Ltd. (I)   54,378    37,743 
Dongbu Securities Company, Ltd. (I)   20,526    63,692 
Dongbu Steel Company, Ltd. (I)   1,481    20,044 
Dongil Industries Company, Ltd.   859    56,640 
Dongkook Industrial Company, Ltd. (I)   3,600    8,859 
Dongkuk Industries Company, Ltd.   5,249    25,344 
Dongkuk Steel Mill Company, Ltd. (I)   34,707    250,542 
Dongwha Pharmaceutical Company, Ltd.   5,488    45,015 
Dongyang E&P, Inc.   676    8,586 
Doosan Corp.   3,384    312,087 
Doosan Heavy Industries and          
Construction Company, Ltd.   16,972    401,632 
Doosan Infracore Company, Ltd. (I)   48,656    351,500 
DRB Holding Company, Ltd.   5,664    73,017 
DY Corp.   4,183    24,406 
e-LITECOM Company, Ltd.   2,998    29,516 
E-MART, Inc.   8,106    1,163,072 
Eagon Industrial, Ltd.   2,280    24,180 
EM-Tech Company, Ltd. (I)   2,211    23,608 
Eugene Corp.   8,573    41,402 

 

The accompanying notes are an integral part of the financial statements.

65

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
South Korea (continued)          
Eugene Investment &          
Securities Company, Ltd. (I)   34,528   $84,360 
Fine Technix Company, Ltd.   6,215    17,098 
Fursys, Inc.   792    23,477 
Gaon Cable Company, Ltd.   2,509    49,541 
GOLFZONYUWONHOLDINGS          
Company, Ltd.   3,210    22,724 
GS Engineering & Construction Corp. (I)(L)   17,690    475,567 
GS Holdings Corp.   30,293    1,481,127 
Gwangju Shinsegae Company, Ltd.   425    100,283 
Halla Corp. (I)   14,352    62,843 
Halla Holdings Corp.   3,299    203,134 
Han Kuk Carbon Company, Ltd.   6,020    33,614 
Hana Financial Group, Inc.   101,038    2,572,312 
Hana Micron, Inc.   7,137    41,059 
Handok, Inc.   121    3,229 
Handsome Company, Ltd.   2,848    105,309 
Hanil Cement Company, Ltd.   2,104    145,149 
Hanjin Heavy Industries &          
Construction Company, Ltd. (I)   40,400    156,969 
Hanjin Heavy Industries & Construction          
Holdings Company, Ltd. (I)   8,037    41,021 
Hanjin Kal Corp. (L)   23,564    401,567 
Hanjin Transportation Company, Ltd.   4,666    117,740 
Hankuk Paper Manufacturing Company, Ltd.   2,119    57,219 
Hansol Holdings Company, Ltd. (I)   20,990    130,666 
Hansol HomeDeco Company, Ltd. (I)   32,560    56,336 
Hansol Paper Company, Ltd.   6,050    113,516 
Hanwha Chemical Corp.   55,685    1,233,474 
Hanwha Corp.   37,321    1,194,749 
Hanwha General Insurance Company, Ltd.   15,566    92,387 
Hanwha Investment &          
Securities Company, Ltd. (I)   64,530    137,346 
Hanwha Life Insurance Company, Ltd.   125,675    659,020 
Hanwha Techwin Company, Ltd.   1,888    109,551 
Hanyang Securities Company, Ltd.   8,289    56,719 
Heung-A Shipping Company, Ltd.   19,973    35,008 
Hitejinro Holdings Company, Ltd.   6,006    68,135 
HMC Investment Securities Company, Ltd.   9,365    87,164 
HS R&A Company, Ltd.   986    31,334 
Humax Company, Ltd.   9,573    126,343 
Huvis Corp.   7,469    52,153 
Hwa Shin Company, Ltd.   3,135    22,899 
Hwacheon Machine Tool Company, Ltd.   633    30,083 
HwaSung Industrial Company, Ltd.   4,800    58,567 
Hy-Lok Corp.   996    19,669 
Hyosung Corp.   8,148    968,110 
Hyundai BNG Steel Company, Ltd. (I)   5,400    60,011 
Hyundai Corp.   1,690    33,635 
Hyundai Department Store Company, Ltd.   7,288    787,513 
Hyundai Development Company   18,179    852,149 
Hyundai Engineering &          
Construction Company, Ltd.   30,385    1,093,475 
Hyundai Greenfood Company, Ltd.   2,673    39,198 
Hyundai Heavy Industries Company, Ltd. (I)   14,011    1,771,437 
Hyundai Home Shopping Network Corp.   1,833    203,392 
Hyundai Hy Communications &          
Networks Company, Ltd.   8,963    29,336 
Hyundai Mobis Company, Ltd.   2,383    598,029 
Hyundai Motor Company   79,668    9,845,502 
Hyundai Rotem Company, Ltd. (I)   1,803    33,920 
Hyundai Securities Company, Ltd.   49,584    324,213 
Hyundai Steel Company   44,241    2,056,533 

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
South Korea (continued)          
Hyundai Wia Corp.   7,950   $628,869 
Iljin Display Company, Ltd. (I)   8,213    35,982 
Iljin Electric Company, Ltd.   2,300    11,255 
Ilshin Spinning Company, Ltd.   712    81,110 
Ilsung Pharmaceutical Company, Ltd.   473    47,925 
Industrial Bank of Korea   132,240    1,441,783 
Interflex Company, Ltd. (I)   965    17,541 
Interpark Corp.   14,414    66,451 
INTOPS Company, Ltd.   2,551    42,510 
Inzi Controls Company, Ltd.   6,050    29,511 
ISU Chemical Company, Ltd.   3,490    57,562 
IsuPetasys Company, Ltd.   9,598    39,338 
Jahwa Electronics Company, Ltd.   4,238    70,743 
JB Financial Group Company, Ltd.   61,547    332,394 
Jeil Savings Bank (I)   1,820    0 
Kangnam Jevisco Company, Ltd.   1,970    67,016 
KB Capital Company, Ltd.   3,729    89,449 
KB Financial Group, Inc., ADR   119,209    4,078,140 
KB Insurance Company, Ltd.   12,898    319,918 
KCC Corp.   1,807    651,179 
KEC Corp. (I)   19,093    19,230 
Keyang Electric Machinery Company, Ltd.   7,093    38,510 
KG Chemical Corp.   4,747    62,927 
KG Eco Technology Service Company, Ltd.   7,080    20,624 
KH Vatec Company, Ltd.   5,500    62,081 
Kia Motors Corp.   139,330    5,353,319 
KISCO Corp.   2,680    100,942 
KISCO Holdings Company, Ltd.   778    44,624 
Kishin Corp.   1,549    7,675 
KISWIRE, Ltd.   3,742    132,712 
KleanNara Company, Ltd. (I)   4,525    24,697 
Kolon Corp.   1,320    66,412 
Kolon Industries, Inc.   7,361    556,044 
Korea Cast Iron Pipe Industries Company, Ltd.   3,002    28,830 
Korea Circuit Company, Ltd.   9,032    73,280 
Korea Electric Terminal Company, Ltd.   2,148    151,725 
Korea Flange Company, Ltd. (I)   2,370    33,337 
Korea Investment Holdings Company, Ltd.   15,800    588,787 
Korea Line Corp. (I)   4,614    88,468 
Korean Air Lines Company, Ltd. (I)   14,416    459,075 
Korean Petrochemical Industrial Company, Ltd.   1,175    229,819 
Korean Reinsurance Company, Ltd.   34,840    368,791 
Kortek Corp.   5,352    61,536 
KPX Chemical Company, Ltd.   933    51,086 
KSS LINE, Ltd.   2,671    43,125 
KTB Investment & Securities Company, Ltd. (I)   21,545    57,412 
KTCS Corp.   8,694    19,618 
Kukdo Chemical Company, Ltd.   1,414    71,155 
Kumho Electric Company, Ltd. (I)   2,785    26,915 
Kumho Tire Company, Inc. (I)   22,912    235,932 
Kumkang Kind Company, Ltd.   423    18,974 
Kwangju Bank   16,303    139,804 
Kyeryong Construction          
Industrial Company, Ltd. (I)   2,811    38,062 
Kyobo Securities Company   12,618    107,016 
Kyung-In Synthetic Corp.   4,040    22,088 
Kyungbang, Ltd.   532    93,555 
Kyungchang Industrial Company, Ltd.   2,778    13,525 
LF Corp.   9,854    198,784 
LG Corp.   37,877    2,238,363 
LG Display Company, Ltd., ADR (L)   279,409    3,554,082 
LG Electronics, Inc.   66,835    2,918,847 
LG Innotek Company, Ltd.   3,449    246,604 

 

The accompanying notes are an integral part of the financial statements.

66

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
South Korea (continued)          
LG International Corp.   2,012   $64,118 
LG Uplus Corp.   85,474    914,108 
Lotte Chemical Corp.   2,294    625,327 
Lotte Chilsung Beverage Company, Ltd.   271    394,269 
Lotte Confectionery Company, Ltd.   2,020    323,311 
LOTTE Fine Chemical Company, Ltd.   5,888    168,670 
Lotte Food Company, Ltd.   153    95,629 
LOTTE Himart Company, Ltd.   4,565    184,274 
Lotte Non-Life Insurance Company, Ltd. (I)   30,709    73,779 
Lotte Shopping Company, Ltd.   4,481    843,797 
LS Corp.   7,562    401,749 
Lumens Company, Ltd. (I)   25,793    99,293 
Mando Corp.   1,287    289,937 
MegaStudy Company, Ltd.   329    9,797 
Melfas, Inc. (I)   5,286    38,009 
Meritz Securities Company, Ltd.   18,117    55,854 
Mi Chang Oil Industrial Company, Ltd.   743    59,371 
Mirae Asset Daewoo Company, Ltd.   62,611    448,285 
Mirae Asset Securities Company, Ltd.   28,249    589,468 
MK Electron Company, Ltd.   3,591    31,747 
MNTech Company, Ltd. (I)   3,764    21,698 
Moorim P&P Company, Ltd.   16,648    61,551 
Moorim Paper Company, Ltd. (I)   13,820    36,632 
Motonic Corp.   4,725    39,176 
Namyang Dairy Products Company, Ltd.   211    132,043 
Nexen Corp.   9,530    71,717 
NH Investment & Securities Company, Ltd.   54,123    494,563 
NHN Entertainment Corp. (I)   2,841    154,540 
Nong Shim Holdings Company, Ltd.   962    95,917 
NongShim Company, Ltd.   513    146,466 
NOROO Paint & Coatings Company, Ltd.   3,102    27,420 
OCI Company, Ltd. (I)(L)   4,813    412,078 
Opto Device Technology Company, Ltd.   2,641    21,380 
Pan Ocean Company, Ltd. (I)   76,268    268,311 
PaperCorea, Inc. (I)(L)   70,940    42,986 
Poonglim Industrial Company, Ltd. (I)   189    240 
Poongsan Corp.   6,876    212,503 
Poongsan Holdings Corp.   2,461    101,759 
POSCO   14,796    3,066,751 
POSCO Coated & Color Steel Company, Ltd.   1,656    36,654 
Posco Daewoo Corp.   14,413    323,978 
POSCO, ADR (L)   38,055    1,943,849 
Power Logics Company, Ltd. (I)   5,464    22,247 
Pyeong Hwa Automotive Company, Ltd.   1,974    21,650 
S&T Dynamics Company, Ltd.   12,563    106,150 
S&T Holdings Company, Ltd.   4,696    67,742 
S&T Motiv Company, Ltd.   3,409    147,706 
S-Oil Corp.   2,252    167,336 
Sajo Industries Company, Ltd. (I)   565    33,704 
Sam Young Electronics Company, Ltd.   6,315    67,534 
Samho Development Company, Ltd.   3,660    11,603 
SAMHWA Paints Industrial Company, Ltd.   2,462    25,591 
Samjin LND Company, Ltd.   9,393    27,181 
Sammok S-Form Company, Ltd.   3,036    42,633 
Samsung Card Company, Ltd.   12,350    564,170 
Samsung Electro-Mechanics Company, Ltd.   27,906    1,245,762 
Samsung Electronics Company, Ltd.   2,393    3,486,032 
Samsung Heavy          
Industries Company, Ltd. (I)(L)   51,711    443,401 
Samsung Life Insurance Company, Ltd.   23,202    2,228,214 
Samsung SDI Company, Ltd.   14,723    1,293,215 
Samsung Securities Company, Ltd.   20,509    649,706 
Samyang Corp.   1,275    118,089 

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
South Korea (continued)          
Samyang Holdings Corp.   2,059   $254,746 
Samyang Tongsang Company, Ltd.   893    42,367 
Sangsin Brake   3,243    20,769 
SAVEZONE I&C Corp.   6,270    32,214 
SBS Media Holdings Company, Ltd.   16,606    43,550 
SeAH Besteel Corp.   3,552    81,168 
SeAH Holdings Corp.   571    65,041 
SeAH Steel Corp.   1,700    98,958 
Sebang Company, Ltd.   5,267    77,204 
Sebang Global Battery Company, Ltd.   2,205    74,369 
Sejong Industrial Company, Ltd.   2,080    22,038 
Seohee Construction Company, Ltd. (I)   40,163    60,530 
Seoyon Company, Ltd.   3,245    34,776 
Sewon Precision Industry Company, Ltd.   547    9,273 
SG Corp. (I)   53,477    50,057 
Shinhan Financial Group Company, Ltd., ADR   183,428    6,684,116 
Shinsegae Company, Ltd.   3,309    547,412 
Shinsegae Information &          
Communication Company, Ltd.   621    40,976 
Shinsung Tongsang Company, Ltd. (I)   24,560    29,283 
Shinwon Corp. (I)   22,404    36,763 
Shinyoung Securities Company, Ltd.   2,622    117,916 
Signetics Corp. (I)   11,897    20,615 
Silla Company, Ltd.   3,122    42,280 
SIMPAC, Inc.   4,415    21,203 
Sindoh Company, Ltd.   3,394    155,282 
SK Chemicals Company, Ltd.   3,675    226,755 
SK Gas, Ltd.   2,955    277,947 
SK Holdings Company, Ltd.   9,504    1,839,211 
SK Hynix, Inc.   224,404    8,237,859 
SK Innovation Company, Ltd.   37,347    5,533,598 
SK Networks Company, Ltd.   37,190    227,397 
SK Securities Company, Ltd. (I)   105,396    111,207 
SKC Company, Ltd.   7,364    190,364 
SL Corp.   6,467    96,953 
Songwon Industrial Company, Ltd.   4,088    78,355 
Ssangyong Cement Industrial Company, Ltd. (I)   10,108    150,315 
Sunchang Corp.   2,607    26,078 
Sung Kwang Bend Company, Ltd.   2,566    20,750 
Sungchang Enterprise Holdings, Ltd.   9,150    26,054 
Sungshin Cement Company, Ltd. (I)   9,269    74,355 
Sungwoo Hitech Company, Ltd.   17,462    127,013 
Taekwang Industrial Company, Ltd.   287    219,055 
Taewoong Company, Ltd. (I)   1,493    33,083 
Taeyoung Engineering &          
Construction Company, Ltd. (I)   26,384    133,922 
Tailim Packaging Industrial Company, Ltd.   18,151    49,497 
TBH Global Company, Ltd. (I)   2,462    21,800 
The LEADCORP, Inc.   5,369    42,297 
The WillBes & Company   16,490    47,019 
TK Chemical Corp. (I)   7,585    14,921 
TK Corp.   8,542    65,225 
Tong Yang Moolsan Company, Ltd.   15,100    44,359 
Tongyang Cement & Energy Corp. (I)   5,548    18,263 
Tongyang Life Insurance Company, Ltd.   17,725    183,371 
Tongyang, Inc.   20,168    53,089 
Top Engineering Company, Ltd. (I)   5,334    31,556 
Tovis Company, Ltd.   8,841    76,238 
TS Corp.   2,807    60,833 
Ubiquoss, Inc.   2,215    21,118 
Uju Electronics Company, Ltd.   1,757    24,994 
Unid Company, Ltd.   2,188    89,390 
Visang Education, Inc.   1,644    26,288 

 

The accompanying notes are an integral part of the financial statements.

67

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
South Korea (continued)          
Wiscom Company, Ltd.   3,760   $15,324 
Woongjin Company, Ltd. (I)   16,413    47,511 
Woori Bank   141,281    1,468,490 
Woori Bank, ADR   83    2,610 
Y G-1 Company, Ltd.   5,659    49,388 
YESCO Company, Ltd.   1,950    66,753 
Yoosung Enterprise Company, Ltd.   6,386    24,088 
Youlchon Chemical Company, Ltd.   6,065    75,489 
Young Poong Corp.   143    137,600 
Youngone Holdings Company, Ltd.   315    17,038 
Yuanta Securities Korea Company, Ltd. (I)   56,972    173,944 
YuHwa Securities Company, Ltd.   3,410    48,717 
         117,369,356 
Taiwan - 14.7%          
Ability Enterprise Company, Ltd.   104,979    54,754 
AcBel Polytech, Inc. (I)   82,000    62,851 
Accton Technology Corp.   204,722    319,942 
Acer, Inc. (I)   1,169,452    545,425 
ACES Electronic Company, Ltd.   29,000    22,594 
Achem Technology Corp.   128,173    45,644 
Advanced Connectek, Inc. (I)   52,000    13,212 
Advanced International          
Multitech Company, Ltd.   11,000    7,342 
AGV Products Corp. (I)   244,717    61,519 
ALI Corp. (I)   56,000    29,647 
Alpha Networks, Inc.   178,500    110,524 
Altek Corp.   135,104    100,376 
AmTRAN Technology Company, Ltd.   327,185    251,973 
APCB, Inc. (I)   92,000    64,446 
Apex International Company, Ltd.   17,000    20,900 
Apex Science & Engineering   43,472    11,388 
Ardentec Corp.   131,003    100,300 
Asia Cement Corp.   847,805    742,634 
Asia Optical Company, Inc. (I)   159,000    154,844 
Asia Pacific Telecom Company, Ltd. (I)   371,000    123,605 
Asia Polymer Corp.   100,031    57,369 
Asia Vital Components Company, Ltd.   148,328    115,978 
Asustek Computer, Inc.   213,000    1,903,990 
AU Optronics Corp., ADR   581,574    2,122,745 
Audix Corp.   52,960    58,739 
Avermedia Technologies, Inc. (I)   104,000    34,626 
Avision, Inc. (I)   98,751    21,712 
Bank of Kaohsiung   258,833    74,130 
BenQ Materials Corp.   25,000    11,283 
BES Engineering Corp.   900,700    158,122 
Biostar Microtech International Corp. (I)   67,000    20,462 
Bright Led Electronics Corp.   97,000    31,843 
Cameo Communications, Inc. (I)   164,944    33,415 
Capital Securities Corp.   1,013,069    264,319 
Career Technology MFG. Company, Ltd.   95,000    62,552 
Carnival Industrial Corp. (I)   205,000    36,102 
Casetek Holdings, Ltd.   51,000    186,719 
Cathay Financial Holding Company, Ltd.   2,887,000    3,712,011 
Cathay Real Estate          
Development Company, Ltd. (I)   492,000    231,222 
Central Reinsurance Company, Ltd.   102,290    45,220 
ChainQui Construction          
Development Company, Ltd.   54,000    32,153 
Champion Building          
Materials Company, Ltd. (I)   120,132    28,193 
Chang Hwa Commercial Bank, Ltd.   2,448,244    1,256,887 
Charoen Pokphand Enterprise   113,785    137,295 
Cheng Loong Corp.   534,320    194,469 

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Taiwan (continued)          
Cheng Uei Precision Industry Company, Ltd.   303,629   $379,759 
Chia Chang Company, Ltd.   50,000    41,306 
Chia Hsin Cement Corp.   264,773    76,057 
Chien Kuo Construction Company, Ltd.   72,000    19,504 
Chimei Materials Technology Corp.   122,000    53,363 
Chin-Poon Industrial Company, Ltd.   194,571    434,982 
China Airlines, Ltd.   1,404,910    419,704 
China Bills Finance Corp.   328,000    131,375 
China Chemical &          
Pharmaceutical Company, Ltd.   163,000    94,531 
China Development Financial Holding Corp.   4,932,208    1,263,505 
China Electric Manufacturing Corp. (I)   93,000    23,782 
China General Plastics Corp.   236,322    156,937 
China Life Insurance Company, Ltd.   1,413,308    1,298,328 
China Man-Made Fiber Corp.   667,800    156,150 
China Metal Products Company, Ltd.   138,513    135,007 
China Motor Corp.   203,125    154,241 
China Petrochemical Development Corp. (I)   886,550    217,436 
China Steel Corp.   3,642,180    2,574,627 
China Steel Structure Company, Ltd.   50,000    34,247 
China Synthetic Rubber Corp.   149,291    121,494 
China Wire & Cable Company, Ltd. (I)   102,400    44,182 
Chinese Maritime Transport, Ltd. (I)   29,000    22,185 
Chipbond Technology Corp.   286,000    420,759 
Chong Hong Construction Company, Ltd.   15,000    25,391 
Chun Yu Works & Company, Ltd.   97,000    40,713 
Chun Yuan Steel   275,874    93,789 
Chung Hsin Electric &          
Machinery Manufacturing Corp.   255,500    144,420 
Chung Hung Steel Corp. (I)   235,625    51,342 
Chung Hwa Pulp Corp.   345,977    98,758 
Chunghwa Picture Tubes, Ltd. (I)   2,787,429    152,113 
Clevo Company   198,000    185,686 
CMC Magnetics Corp. (I)   1,065,443    133,975 
CoAsia Microelectronics Corp.   46,765    25,281 
Collins Company, Ltd.   26,626    9,224 
Compal Electronics, Inc.   2,333,000    1,444,465 
Compeq Manufacturing Company   732,000    375,759 
Concord Securities Corp.   135,000    26,287 
Continental Holdings Corp.   265,050    85,092 
Coretronic Corp.   322,000    351,601 
Coxon Precise Industrial Company, Ltd.   59,000    65,737 
CSBC Corp. Taiwan   147,100    63,656 
CTBC Financial Holding Company, Ltd.   4,916,063    2,865,576 
CviLux Corp.   24,960    23,174 
D-Link Corp. (I)   417,511    150,355 
DA CIN Construction Company, Ltd.   62,000    34,046 
Danen Technology Corp. (I)   94,000    21,550 
Darfon Electronics Corp.   157,850    94,758 
Darwin Precisions Corp.   266,099    110,248 
Delpha Construction Company, Ltd.   77,261    34,821 
Dynamic Electronics Company, Ltd. (I)   159,762    51,010 
Dynapack International Technology Corp.   29,000    39,042 
E Ink Holdings, Inc.   243,000    187,763 
E.Sun Financial Holding Company, Ltd.   3,701,148    2,114,959 
Eastern Media International Corp. (I)   333,608    89,240 
Edimax Technology Company, Ltd.   53,404    18,441 
Edison Opto Corp. (I)   62,000    27,989 
Edom Technology Company, Ltd.   44,000    24,180 
Elite Material Company   113,000    309,532 
Elite Semiconductor Memory Technology, Inc.   39,000    44,357 
Elitegroup Computer Systems Company, Ltd.   215,104    90,045 
Emerging Display Technologies Corp.   32,000    10,452 

 

The accompanying notes are an integral part of the financial statements.

68

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Taiwan (continued)          
ENG Electric Company, Ltd.   50,710   $28,839 
EnTie Commercial Bank   106,000    43,551 
Epistar Corp. (I)   514,312    391,466 
Etron Technology, Inc.   26,000    10,882 
Eva Airways Corp.   933,986    426,805 
Everest Textile Company, Ltd.   180,000    89,789 
Evergreen International Storage          
& Transport Corp.   353,600    145,807 
Evergreen Marine Corp Taiwan, Ltd. (I)   693,063    268,318 
Everlight Chemical Industrial Corp.   68,250    45,128 
Everlight Electronics Company, Ltd.   125,000    200,966 
Excelsior Medical Company, Ltd.   56,695    84,654 
Far Eastern Department Stores Company, Ltd.   452,720    244,649 
Far Eastern International Bank   1,336,164    382,488 
Far Eastern New Century Corp.   1,560,249    1,170,581 
Farglory F T Z Investment          
Holding Company, Ltd. (I)   45,000    20,212 
Farglory Land Development Company, Ltd.   145,530    173,163 
Federal Corp.   241,847    105,098 
First Copper Technology Company, Ltd. (I)   81,000    17,151 
First Financial Holding Company, Ltd.   4,248,633    2,262,636 
First Insurance Company, Ltd. (I)   104,475    37,891 
First Steamship Company, Ltd. (I)   249,104    62,041 
Formosa Advanced          
Technologies Company, Ltd.   24,000    17,348 
Formosa Chemicals & Fibre Corp.   315,000    849,975 
Formosa Taffeta Company, Ltd.   368,000    349,716 
Formosan Rubber Group, Inc.   244,800    118,440 
Formosan Union Chemical   187,940    100,287 
Fortune Electric Company, Ltd.   35,000    20,598 
Founding Construction &          
Development Company, Ltd.   109,566    57,082 
Foxconn Technology Company, Ltd.   518,627    1,529,239 
Foxlink Image Technology Company, Ltd.   67,000    31,890 
Froch Enterprise Company, Ltd. (I)   43,060    13,267 
FSP Technology, Inc.   59,227    46,349 
Fubon Financial Holding Company, Ltd.   3,723,417    5,532,644 
Fullerton Technology Company, Ltd.   66,460    48,793 
Fulltech Fiber Glass Corp.   149,616    65,974 
Fwusow Industry Company, Ltd.   55,441    27,150 
G Shank Enterprise Company, Ltd.   40,535    33,232 
Gallant Precision Machining Company, Ltd.   66,000    45,997 
Gemtek Technology Corp.   199,697    121,198 
Genesis Photonics, Inc. (I)   160,240    25,501 
Genius Electronic Optical Company, Ltd. (I)   16,000    26,864 
Getac Technology Corp.   248,000    289,414 
Giantplus Technology Company, Ltd.   30,000    18,749 
Gigabyte Technology Company, Ltd.   250,000    332,797 
Gigastorage Corp. (I)   54,000    39,663 
Gintech Energy Corp. (I)   278,318    191,887 
Global Brands Manufacture, Ltd. (I)   171,806    54,662 
Global Lighting Technologies, Inc.   23,000    55,234 
Globe Union Industrial Corp.   96,750    50,448 
Gloria Material Technology Corp.   294,684    166,852 
Gold Circuit Electronics, Ltd. (I)   301,204    115,934 
Goldsun Building Materials Company, Ltd.   788,714    192,383 
Grand Ocean Retail Group, Ltd.   18,000    14,333 
Grand Pacific Petrochemical Corp.   593,000    300,305 
Great Wall Enterprise Company, Ltd.   175,400    152,003 
Green Energy Technology, Inc. (I)   147,194    85,209 
GTM Holdings Corp. (I)   78,000    38,105 
Hannstar Board Corp.   128,759    50,111 
HannStar Display Corp. (I)   1,441,842    324,290 

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Taiwan (continued)          
HannsTouch Solution, Inc. (I)   226,000   $56,819 
Harvatek Corp. (I)   132,836    39,890 
Hey Song Corp.   162,000    166,845 
Ho Tung Chemical Corp. (I)   408,116    95,381 
Hocheng Corp.   150,500    39,014 
Holy Stone Enterprise Company, Ltd.   118,300    120,343 
Hon Hai Precision Industry Company, Ltd.   2,477,310    6,269,237 
Hong TAI Electric Industrial   72,000    20,127 
Hong YI Fiber Industry Company   37,000    23,725 
Horizon Securities Company, Ltd. (I)   223,000    43,589 
Hsin Kuang Steel Company, Ltd. (I)   116,085    64,971 
Hsing TA Cement Company, Ltd.   67,100    21,950 
HTC Corp. (I)   217,000    606,960 
HUA ENG Wire & Cable Company, Ltd. (I)   140,000    31,873 
Hua Nan Financial Holdings Company, Ltd.   3,155,140    1,619,153 
Huaku Development Company, Ltd.   86,000    149,148 
Huang Hsiang Construction Company   35,000    44,295 
Hung Ching Development &          
Construction Company, Ltd.   50,000    27,264 
Hung Poo Real Estate Development Corp.   123,000    103,208 
Hung Sheng Construction Company, Ltd.   248,200    134,824 
Hwa Fong Rubber Company, Ltd.   59,160    20,995 
I-Chiun Precision Industry Company, Ltd. (I)   98,000    28,653 
Ichia Technologies, Inc. (I)   184,180    81,992 
Infortrend Technology, Inc.   118,000    64,433 
Innolux Corp.   5,964,561    2,027,140 
Inotera Memories, Inc. (I)   1,103,000    973,509 
Inventec Corp.   284,000    233,142 
ITE Technology, Inc.   7,913    7,860 
Jess-Link Products Company, Ltd.   57,000    50,403 
Jih Sun Financial Holdings Company, Ltd.   737,943    154,519 
K Laser Technology, Inc.   55,214    30,330 
KEE TAI Properties Company, Ltd.   129,000    44,310 
Kenmec Mechanical          
Engineering Company, Ltd.   44,000    16,689 
Kindom Construction Company, Ltd.   117,000    58,898 
King Yuan Electronics Company, Ltd. (I)   640,796    569,738 
King’s Town Bank   487,000    412,077 
King’s Town Construction Company, Ltd. (I)   15,300    9,360 
Kinko Optical Company, Ltd. (I)   36,000    25,216 
Kinpo Electronics, Inc.   689,269    268,086 
Kinsus Interconnect Technology Corp.   88,000    205,996 
KS Terminals, Inc.   37,000    45,377 
Kuo Toong International Company, Ltd.   80,897    54,876 
Kuoyang Construction Company, Ltd.   103,335    44,901 
Kwong Fong Industries   101,536    77,033 
KYE Systems Corp.   99,651    30,038 
L&K Engineering Company, Ltd.   74,000    68,686 
LAN FA Textile (I)   83,863    22,019 
LCY Chemical Corp.   19,000    23,389 
Leader Electronics, Inc.   51,000    15,881 
Lealea Enterprise Company, Ltd.   446,124    120,517 
LEE CHI Enterprises Company, Ltd.   68,000    22,485 
Leofoo Development Company, Ltd.   129,370    36,247 
LES Enphants Company, Ltd. (I)   64,000    27,033 
Lextar Electronics Corp.   78,000    35,777 
Li Peng Enterprise Company, Ltd. (I)   287,030    70,250 
Lien Hwa Industrial Corp.   361,773    242,611 
Lingsen Precision Industries, Ltd. (I)   206,481    80,205 
Lite-On Semiconductor Corp.   139,693    105,387 
Lite-On Technology Corp.   1,123,841    1,624,769 
Long Chen Paper Company, Ltd.   300,307    144,996 
Longwell Company   23,000    21,938 

 

The accompanying notes are an integral part of the financial statements.

69

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Taiwan (continued)          
Lotes Company, Ltd.   32,000   $85,704 
Lucky Cement Corp.   141,000    41,608 
Macronix International (I)   2,190,001    293,861 
Marketech International Corp.   82,000    71,530 
Masterlink Securities Corp.   689,128    183,799 
Mega Financial Holding Company, Ltd.   5,366,472    3,785,547 
Meiloon Industrial Company, Ltd.   73,000    33,606 
Mercuries & Associates, Ltd.   58,800    35,736 
Mercuries Life Insurance Company, Ltd. (I)   298,638    141,804 
Merry Electronics Company, Ltd.   24,000    94,660 
Micro-Star International Company, Ltd.   261,264    681,143 
Mitac Holdings Corp.   369,109    381,276 
Motech Industries, Inc. (I)   186,000    189,346 
MPI Corp.   9,000    25,123 
Nan Ya Printed Circuit Board Corp.   87,000    71,406 
Nantex Industry Company, Ltd.   36,432    26,225 
Neo Solar Power Corp. (I)   368,000    191,741 
Nien Hsing Textile Company, Ltd.   158,000    120,619 
Nishoku Technology, Inc.   6,000    14,299 
Optimax Technology Corp. (I)   103,000    13,489 
OptoTech Corp.   305,000    126,424 
Oriental Union Chemical Corp. (I)   65,000    40,849 
Pacific Construction Company, Ltd.   89,289    34,095 
Pan Jit International, Inc.   185,000    92,850 
Pan-International Industrial Corp.   32,481    30,430 
Paragon Technologies Company, Ltd. (I)   28,904    22,711 
Pegatron Corp.   1,132,660    2,931,331 
Phihong Technology Company, Ltd. (I)   152,000    50,404 
Pou Chen Corp.   341,348    482,313 
Powertech Technology, Inc.   386,000    1,003,180 
President Securities Corp.   501,459    184,470 
Prime Electronics & Satellitics, Inc. (I)   50,000    15,790 
Prince Housing & Development Corp.   480,555    157,401 
Prodisc Technology, Inc. (I)   762,000    0 
Promise Technology, Inc.   44,000    23,105 
Qisda Corp.   1,108,280    471,977 
Qualipoly Chemical Corp.   22,332    25,204 
Quanta Storage, Inc.   131,000    136,282 
Quintain Steel Company, Ltd. (I)   113,111    28,926 
Radiant Opto-Electronics Corp.   185,000    302,417 
Radium Life Tech Company, Ltd. (I)   414,335    131,875 
Ralec Electronic Corp.   30,335    48,162 
Rexon Industrial Corp., Ltd.   63,456    31,051 
Rich Development Company, Ltd.   191,000    54,601 
Ritek Corp. (I)   1,114,232    227,253 
Ruentex Development Company, Ltd. (I)   35,949    43,858 
Sampo Corp.   219,338    123,330 
San Far Property, Ltd.   55,000    20,406 
Sanyang Motor Company, Ltd.   208,000    138,274 
SDI Corp.   24,000    32,393 
Sesoda Corp.   59,850    49,449 
Sheng Yu Steel Company, Ltd.   61,000    50,663 
ShenMao Technology, Inc.   13,000    12,269 
Shih Wei Navigation Company, Ltd. (I)   56,740    17,017 
Shihlin Electric & Engineering Corp.   41,000    53,346 
Shin Kong Financial Holding Company, Ltd. (I)   4,168,170    919,578 
Shin Zu Shing Company, Ltd.   51,000    169,260 
Shining Building Business Company, Ltd. (I)   49,500    17,010 
Shinkong Insurance Company, Ltd.   142,000    109,048 
Shinkong Synthetic Fibers Corp.   707,239    192,164 
Shuttle, Inc. (I)   112,000    34,751 
Sigurd Microelectronics Corp.   261,293    196,066 
Silicon Integrated Systems Corp. (I)   278,000    56,819 

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Taiwan (continued)          
Sincere Navigation Corp.   157,000   $91,860 
Sino-American Silicon Products, Inc.   300,000    315,403 
Sinon Corp.   195,650    96,538 
SinoPac Financial Holdings Company, Ltd.   5,392,263    1,596,368 
Sinphar Pharmaceutical Company, Ltd.   17,680    14,872 
Sirtec International Company, Ltd.   17,000    20,993 
Siward Crystal Technology Company, Ltd.   64,213    37,766 
Solar Applied Materials          
Technology Company (I)   153,000    42,709 
Solartech Energy Corp. (I)   149,624    74,157 
Southeast Cement Company, Ltd.   66,000    32,681 
Spirox Corp.   57,683    38,850 
Sunplus Technology Company, Ltd.   329,000    121,613 
Sunrex Technology Corp. (I)   61,273    34,767 
Sunspring Metal Corp.   18,000    25,153 
Supreme Electronics Company, Ltd.   180,997    110,246 
Sweeten Real Estate          
Development Company, Ltd.   39,743    18,901 
Syncmold Enterprise Corp.   25,000    42,221 
Synnex Technology International Corp.   284,550    315,784 
Systex Corp.   70,000    118,323 
TA Chen Stainless Pipe (I)   492,313    254,257 
Ta Chong Securities Company, Ltd.   51,000    13,116 
Ta Ya Electric Wire & Cable Company, Ltd. (I)   166,436    27,875 
TA-I Technology Company, Ltd.   75,823    40,467 
Taichung Commercial Bank   1,631,679    463,823 
Taiflex Scientific Company, Ltd.   56,100    58,137 
Tainan Enterprises Company, Ltd.   60,250    58,668 
Tainan Spinning Company, Ltd.   890,638    352,759 
Tainergy Tech Company, Ltd.   40,000    19,514 
Taishin Financial Holding Company, Ltd.   3,537,080    1,319,751 
Taisun Enterprise Company, Ltd. (I)   73,032    37,458 
Taiwan Business Bank   2,529,042    644,405 
Taiwan Cement Corp.   1,707,983    1,948,108 
Taiwan Cogeneration Corp.   221,434    164,059 
Taiwan Cooperative Financial          
Holding Company, Ltd.   3,689,443    1,633,560 
Taiwan Fertilizer Company, Ltd.   272,000    365,211 
Taiwan Fire & Marine Insurance Company   28,000    16,762 
Taiwan FU Hsing Industrial Company, Ltd.   45,000    60,600 
Taiwan Glass Industry Corp. (I)   303,319    143,193 
Taiwan Hon Chuan Enterprise Company, Ltd.   112,000    174,866 
Taiwan Hopax Chemicals          
Manufacturing Company, Ltd.   46,200    26,401 
Taiwan Kolin Company, Ltd. (I)   327,000    0 
Taiwan Land Development Corp.   458,321    150,853 
Taiwan Mask Corp. (I)   109,150    28,375 
Taiwan Navigation Company, Ltd.   49,000    19,179 
Taiwan PCB Techvest Company, Ltd.   78,000    83,933 
Taiwan Pulp & Paper Corp. (I)   167,640    54,603 
Taiwan Semiconductor Company, Ltd.   11,000    12,983 
Taiwan Styrene Monomer Corp.   143,000    72,778 
Taiwan Surface Mounting          
Technology Company, Ltd.   71,225    60,054 
Taiwan TEA Corp.   252,000    117,159 
Taiwan Union Technology Corp.   65,000    77,962 
Taiyen Biotech Company, Ltd.   63,137    60,325 
Tatung Company, Ltd. (I)   1,163,200    288,932 
Te Chang Construction Company, Ltd.   14,960    11,336 
Teco Electric & Machinery Company, Ltd.   772,000    667,829 
Tex-Ray Industrial Company, Ltd. (I)   55,800    23,655 
The Ambassador Hotel   54,000    42,403 
Ton Yi Industrial Corp.   325,000    144,936 

 

The accompanying notes are an integral part of the financial statements.

70

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Taiwan (continued)          
Tong Yang Industry Company, Ltd.   192,627   $458,674 
Tong-Tai Machine & Tool Company, Ltd.   122,588    88,740 
Topoint Technology Company, Ltd.   70,212    45,304 
TPK Holding Company, Ltd. (I)   106,000    174,134 
Transasia Airways Corp.   48,478    9,594 
Tripod Technology Corp.   145,000    323,581 
TSRC Corp.   175,000    161,778 
Tung Ho Steel Enterprise Corp.   266,000    158,151 
TURVO International Company, Ltd.   18,000    46,962 
TXC Corp.   100,000    138,106 
TYC Brother Industrial Company, Ltd.   104,511    127,288 
Tycoons Group Enterprise Company, Ltd. (I)   14,768    2,008 
Tyntek Corp.   157,361    64,549 
U-Ming Marine Transport Corp.   197,000    141,140 
Unimicron Technology Corp.   984,000    417,792 
Union Bank of Taiwan   948,834    266,688 
Unitech Computer Company, Ltd.   53,039    27,950 
Unitech Printed Circuit Board Corp.   351,975    113,894 
United Integrated Services Company, Ltd.   64,000    97,617 
United Microelectronics Corp.   7,996,794    2,952,952 
Unity Opto Technology Company, Ltd. (I)   85,000    43,357 
Universal Cement Corp.   143,188    112,292 
Unizyx Holding Corp. (I)   194,000    94,083 
UPC Technology Corp.   406,156    135,717 
USI Corp.   341,000    153,866 
Ve Wong Corp.   61,993    43,443 
Victory New Materials Ltd. Co   11,000    20,877 
Wafer Works Corp. (I)   315,482    87,501 
Wah Hong Industrial Corp.   7,988    4,941 
Wah Lee Industrial Corp.   76,000    110,320 
Walsin Lihwa Corp. (I)   1,207,000    401,821 
Walsin Technology Corp.   357,974    438,603 
Walton Advanced Engineering, Inc.   185,584    66,662 
Wan Hai Lines, Ltd.   518,050    263,546 
Waterland Financial Holding Company, Ltd.   1,342,718    344,410 
Well Shin Technology Company, Ltd.   30,000    46,442 
Winbond Electronics Corp.   1,872,000    604,954 
Wintek Corp. (I)   543,000    0 
Wisdom Marine Lines Company, Ltd. (I)   87,000    86,701 
Wistron Corp.   1,558,744    1,162,605 
WPG Holdings Company, Ltd.   485,000    575,416 
WT Microelectronics Company, Ltd.   129,493    178,062 
WUS Printed Circuit Company, Ltd.   135,000    84,559 
XPEC Entertainment, Inc.   45,000    48,733 
Yageo Corp.   211,337    440,001 
Yang Ming Marine Transport Corp. (I)   786,500    178,625 
YC Company, Ltd.   169,637    65,746 
YC INOX Company, Ltd.   63,800    45,987 
YFY, Inc.   797,202    234,539 
Yi Jinn Industrial Company, Ltd.   122,904    40,526 
Yieh Phui Enterprise Company, Ltd. (I)   714,906    243,463 
Young Optics, Inc.   20,000    18,281 
Yuanta Financial Holdings Company, Ltd.   5,086,319    1,824,277 
Yulon Motor Company, Ltd.   358,000    315,866 
Zenitron Corp.   114,000    61,693 
Zhen Ding Technology Holding, Ltd.   192,000    423,998 
Zig Sheng Industrial Company, Ltd.   273,908    73,608 
Zinwell Corp.   112,000    121,463 
ZongTai Real Estate          
Development Company, Ltd.   65,711    43,001 
         110,603,880 
Thailand - 3.1%          
AAPICO Hitech PCL   144,720    55,969 

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Thailand (continued)          
AJ Plast PCL   117,500   $25,671 
Amata Corp. PCL   208,400    67,452 
AP Thailand PCL   583,170    122,373 
Asia Aviation PCL, NVDR (I)   700,700    144,758 
Asia Plus Group Holdings PCL   74,100    7,114 
Bangkok Bank PCL   25,300    119,125 
Bangkok Bank PCL, NVDR   60,700    285,751 
Bangkok Insurance PCL   4,550    45,069 
Bangkok Land PCL   5,345,500    247,069 
Banpu PCL (L)   667,150    303,137 
Cal-Comp Electronics Thailand PCL   1,440,198    107,304 
Charoen Pokphand Foods PCL   1,324,300    1,217,329 
Eastern Water Resources Development &          
Management PCL   143,600    48,572 
Esso Thailand PCL (I)   1,041,500    177,807 
G J Steel PCL (I)   3,241,775    29,280 
G Steel PCL (I)   789,540    7,746 
GFPT PCL   116,500    49,525 
Hana Microelectronics PCL   253,800    233,182 
Indorama Ventures PCL   847,400    693,974 
IRPC PCL   4,682,300    661,399 
Jasmine International PCL   431,162    89,740 
Kang Yong Electric PCL   1,500    14,387 
Kasikornbank PCL, NVDR   40,900    222,076 
KGI Securities Thailand PCL   566,200    56,919 
Khon Kaen Sugar Industry PCL   802,070    93,757 
Kiatnakin Bank PCL   254,300    389,786 
Krung Thai Bank PCL   2,213,000    1,128,039 
LH Financial Group PCL   3,523,000    170,963 
MBK PCL   418,000    184,677 
MCOT PCL   42,500    14,733 
Padaeng Industry PCL   46,900    17,743 
Polyplex Thailand PCL (I)   266,900    96,609 
Precious Shipping PCL (I)(L)   420,600    73,080 
Property Perfect PCL   1,534,900    41,229 
PTT Exploration & Production PCL   967,100    2,275,008 
PTT Global Chemical PCL   773,900    1,319,141 
PTT PCL   825,200    8,119,727 
Quality Houses PCL   1,558,100    109,937 
Regional Container Lines PCL   81,600    11,809 
Rojana Industrial Park PCL   149,200    21,488 
Saha-Union PCL   136,200    143,660 
Sansiri PCL   3,683,466    185,382 
SC Asset Corp. PCL   1,364,096    131,682 
Siam Future Development PCL   190,891    33,399 
Siamgas & Petrochemicals PCL   121,600    37,646 
Somboon Advance Technology PCL   68,200    25,010 
Sri Trang Agro-Industry PCL   397,400    134,400 
Srithai Superware PCL   283,000    15,197 
STP & I PCL   397,500    97,117 
Tata Steel Thailand PCL (I)   2,688,400    54,407 
Thai Airways International PCL (I)   617,100    421,406 
Thai Oil PCL   376,800    747,092 
Thai Stanley Electric PCL   700    3,457 
Thaicom PCL   228,900    137,136 
Thanachart Capital PCL   359,900    420,662 
The Bangchak Petroleum PCL   397,800    351,441 
Thitikorn PCL   59,000    16,714 
Thoresen Thai Agencies PCL   482,357    126,416 
TICON Industrial Connection PCL   59,900    27,495 
Tisco Financial Group PCL, NVDR   193,300    293,473 
TMB Bank PCL   7,829,300    480,302 
TPI Polene PCL (L)   3,916,900    274,408 

 

The accompanying notes are an integral part of the financial statements.

71

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Thailand (continued)          
True Corp. PCL   1,048,000   $211,042 
Univentures PCL   101,900    17,241 
Vanachai Group PCL   271,320    105,860 
Vinythai PCL   276,900    79,196 
         23,671,695 
Turkey - 1.6%          
Adana Cimento Sanayii TAS, Class A   37,605    76,028 
Akbank TAS   569,283    1,525,070 
Akenerji Elektrik Uretim AS (I)(L)   153,777    48,683 
Aksa Akrilik Kimya Sanayii AS   55,726    151,473 
Alarko Holding AS   40,114    47,725 
Albaraka Turk Katilim Bankasi AS   131,180    52,886 
Anadolu Anonim Turk Sigorta Sirketi (I)   188,474    106,106 
Anadolu Cam Sanayii AS (I)   98,531    68,624 
Anadolu Efes Biracilik Ve Malt Sanayii AS   10,445    63,227 
Aygaz AS   30,141    107,853 
Bagfas Bandirma Gubre Fabrikalari AS (I)   11,173    39,326 
Baticim Bati Anadolu Cimento Sanayii AS   16,440    34,192 
Borusan Mannesmann Boru Sanayi ve          
Ticaret AS   14,567    43,486 
Dogan Sirketler Grubu Holding AS (I)   783,433    208,881 
Eczacibasi Yatirim Holding Ortakligi AS   13,617    54,010 
EGE Seramik Sanayi ve Ticaret AS (I)   19,278    25,642 
EIS Eczacibasi Ilac ve Sinai ve Finansal          
Yatirimlar Sanayi ve Ticaret AS   107,225    140,786 
Enka Insaat ve Sanayi AS   44,499    65,088 
Eregli Demir ve Celik Fabrikalari TAS   542,073    745,997 
Global Yatirim Holding AS   117,560    63,855 
Goldas Kuyumculuk Sanayi Ithalat ve          
Bagli Ortakliklari (I)   54,846    3,838 
GSD Holding AS   144,256    45,164 
Ihlas Holding AS (I)(L)   481,506    52,873 
Ipek Dogal Enerji Kaynaklari Arastirma ve          
Uretim AS (I)   52,948    28,931 
Is Finansal Kiralama AS   129,871    45,009 
Kardemir Karabuk Demir Celik Sanayi ve          
Ticaret AS, Class A   119,952    55,150 
Kardemir Karabuk Demir Celik Sanayi ve          
Ticaret AS, Class D   372,794    157,776 
KOC Holding AS   163,658    703,131 
Koza Altin Isletmeleri AS (I)   10,855    61,234 
Metro Ticari ve Mali Yatirimlar Holding AS (I)   50,201    10,028 
NET Holding AS (I)   40,130    41,705 
Pegasus Hava Tasimaciligi AS (I)(L)   6,399    25,523 
Pinar Entegre Et ve Un Sanayi AS   11,937    39,780 
Sarkuysan Elektrolitik Bakir Sanayi ve          
Ticaret AS   63,628    63,186 
Sekerbank TAS (I)   155,671    60,184 
Selcuk Ecza Deposu Ticaret ve Sanayi AS   62,919    59,530 
Soda Sanayii AS   41,742    57,316 
Tekfen Holding AS   64,080    164,889 
Trakya Cam Sanayii AS   236,584    196,389 
Turcas Petrol AS   56,959    28,661 
Turk Hava Yollari AO (I)(L)   291,891    499,945 
Turkiye Garanti Bankasi AS   812,099    2,151,914 
Turkiye Halk Bankasi AS   258,000    784,062 
Turkiye Is Bankasi, Class C   757,186    1,198,614 
Turkiye Sinai Kalkinma Bankasi AS   526,323    233,237 
Turkiye Sise ve Cam Fabrikalari AS   478,270    506,854 
Turkiye Vakiflar Bankasi TAO, Class D   325,320    497,661 
Uzel Makina Sanayii AS (I)   22,930    0 

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Turkey (continued)          
Yapi ve Kredi Bankasi AS (I)   353,054   $431,627 
         11,873,149 
Ukraine - 0.1%          
Kernel Holding SA   25,996    402,117 
TOTAL COMMON STOCKS (Cost $763,641,301)       $726,603,801 
           
PREFERRED SECURITIES - 3.4%          
Brazil - 3.3%          
Banco ABC Brasil SA   49,042    203,578 
Banco Bradesco SA   424,256    3,870,570 
Banco do Estado do Rio Grande do Sul SA,          
B Shares   96,900    311,663 
Banco Pine SA   12,700    15,933 
Banco Sofisa SA   25,700    35,166 
Cia Brasileira de Distribuicao   91,206    1,489,181 
Cia Ferro Ligas da Bahia - Ferbasa   30,124    66,600 
Gerdau SA   83,234    226,759 
Itau Unibanco Holding SA   99,650    1,088,378 
Petroleo Brasileiro SA (I)   1,162,007    4,848,619 
Petroleo Brasileiro SA, ADR (I)   719,571    6,713,597 
Randon SA Implementos e Participacoes (I)   74,700    105,889 
Suzano Papel e Celulose SA, A Shares   206,200    663,842 
Unipar Carbocloro SA   46,610    97,458 
Usinas Siderurgicas de Minas Gerais SA,          
A Shares (I)   311,086    337,664 
Vale SA   902,555    4,273,895 
         24,348,792 
Chile - 0.0%          
Coca-Cola Embonor SA, B Shares   12,796    29,170 
Colombia - 0.1%          
Grupo Argos SA   35,410    218,845 
Grupo de Inversiones Suramericana SA   43,193    558,759 
         777,604 
Panama - 0.0%          
Avianca Holdings SA   141,658    116,437 
TOTAL PREFERRED SECURITIES (Cost $40,924,162)       $25,272,003 
           
RIGHTS - 0.0%          
Aliansce Shopping Centers SA (Expiration          
Date: 10/14/2016; Strike Price:          
BRL 15.00) (I)   9,820    1,298 
Banpu Power PCL (Expiration Date:          
10/14/2016; Strike Price: THB 21.00) (I)   28,820    11,553 
Dongbang Transport Logistics Company, Ltd.          
(Expiration Date: 11/04/2016; Strike Price:          
KRW 1,830.00) (I)   2,017    1,502 
Helbor Empreendimentos SA (Expiration Date:          
10/26/2016; Strike Price: BRL 1.76) (I)   14,182    1,483 
Long Chen Paper Company, Ltd. (Expiration          
Date: 11/01/2016; Strike Price:          
TWD 14.85) (I)   49,525    395 
PaperCorea, Inc. (Expiration Date: 11/01/2016;          
Strike Price: KRW 500.00) (I)   21,416    3,228 
Samsung Heavy Industries Company, Ltd.          
(Expiration Date: 11/09/2016; Strike Price:          
KRW 7,170.00) (I)   32,107    64,135 
TOTAL RIGHTS (Cost $0)       $83,594 

 

The accompanying notes are an integral part of the financial statements.

72

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Emerging Markets Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value
WARRANTS - 0.0%          
Banpu PCL (Expiration Date: 06/05/2017;          
Strike Price: THB 5.00) (I)   172,050   $52,136 
TOTAL WARRANTS (Cost $0)       $52,136 
           
SECURITIES LENDING COLLATERAL - 2.4%          
John Hancock          
Collateral Trust, 0.6548% (W)(Y)   1,832,020    18,332,294 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $18,332,048)       $18,332,294 
           
SHORT-TERM INVESTMENTS - 0.1%          
Money market funds - 0.1%          
BlackRock Cash Funds - Prime, Institutional          
Class, 0.4200% (Y)   353,191   $353,191 
TOTAL SHORT-TERM INVESTMENTS (Cost $353,191)       $353,191 
Total Investments (Emerging Markets Value Trust)          
(Cost $823,250,702) - 102.1%       $770,697,019 
Other assets and liabilities, net - (2.1%)        (15,572,786)
TOTAL NET ASSETS - 100.0%       $755,124,233 

 

Equity Income Trust

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS - 96.8%          
Consumer discretionary - 10.5%          
Auto components - 1.9%          
Johnson Controls International PLC   685,932   $31,916,416 
Automobiles - 0.4%          
General Motors Company   223,898    7,113,240 
Hotels, restaurants and leisure - 1.9%          
Carnival Corp.   227,800    11,121,196 
Las Vegas Sands Corp.   339,600    19,540,584 
         30,661,780 
Leisure products - 1.0%          
Mattel, Inc.   516,475    15,638,863 
Media - 3.8%          
Comcast Corp., Class A   293,000    19,437,620 
News Corp., Class A   999,600    13,974,408 
The Walt Disney Company   90,100    8,366,686 
Time Warner, Inc.   23,200    1,846,952 
Twenty-First Century Fox, Inc., Class B   776,000    19,198,240 
         62,823,906 
Multiline retail - 1.4%          
Kohl’s Corp.   318,700    13,943,125 
Macy’s, Inc.   240,300    8,903,115 
         22,846,240 
Specialty retail - 0.1%          
Staples, Inc.   157,400    1,345,770 
         172,346,215 
Consumer staples - 5.1%          
Beverages - 1.9%          
Diageo PLC   371,108    10,629,854 
PepsiCo, Inc.   177,800    19,339,306 
         29,969,160 

 

Equity Income Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Food and staples retailing - 0.9%          
Wal-Mart Stores, Inc.   209,600   $15,116,352 
Food products - 1.8%          
Archer-Daniels-Midland Company   460,200    19,406,634 
Kellogg Company   112,500    8,715,375 
McCormick & Company, Inc., Non-          
Voting Shares   16,400    1,638,688 
         29,760,697 
Personal products - 0.3%          
Avon Products, Inc.   618,400    3,500,144 
Coty, Inc., Class A (I)   25,010    580,232 
Coty, Inc., Class A (I)   51,948    1,220,778 
         5,301,154 
Tobacco - 0.2%          
Philip Morris International, Inc.   37,200    3,616,584 
         83,763,947 
Energy - 11.0%          
Oil, gas and consumable fuels - 11.0%          
Anadarko Petroleum Corp.   26,300    1,666,368 
Apache Corp.   277,683    17,735,613 
Canadian Natural Resources, Ltd.   425,400    13,629,816 
Chevron Corp.   163,300    16,806,836 
EQT Corp.   72,670    5,277,295 
Exxon Mobil Corp.   482,300    42,095,144 
Hess Corp.   289,100    15,501,542 
Occidental Petroleum Corp.   163,400    11,915,128 
PrairieSky Royalty, Ltd. (L)   12,696    258,865 
Royal Dutch Shell PLC, ADR, Class A   523,000    26,186,610 
Targa Resources Corp.   26,200    1,286,682 
TOTAL SA (L)   577,131    27,448,674 
         179,808,573 
         179,808,573 
Financials - 21.6%          
Banks - 8.8%          
Bank of America Corp.   895,693    14,017,595 
Citigroup, Inc.   428,600    20,242,778 
Fifth Third Bancorp   559,000    11,437,140 
JPMorgan Chase & Co.   739,075    49,215,004 
KeyCorp   689,600    8,392,432 
Royal Bank of Scotland Group PLC (I)   2,503,131    5,794,915 
The PNC Financial Services Group, Inc.   130,000    11,711,700 
U.S. Bancorp   112,000    4,803,680 
Wells Fargo & Company   387,500    17,158,500 
         142,773,744 
Capital markets - 6.4%          
Ameriprise Financial, Inc.   201,000    20,053,770 
Morgan Stanley   876,200    28,090,972 
Northern Trust Corp.   290,100    19,723,899 
Och-Ziff Capital Management          
Group LLC, Class A   454,700    1,973,398 
State Street Corp.   321,200    22,365,156 
The Bank of New York Mellon Corp.   318,824    12,714,701 
         104,921,896 
Consumer finance - 1.3%          
American Express Company   330,100    21,139,604 
Insurance - 5.1%          
Chubb, Ltd.   24,451    3,072,268 
Loews Corp.   613,900    25,261,985 
Marsh & McLennan Companies, Inc.   294,500    19,805,125 

 

The accompanying notes are an integral part of the financial statements.

73

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Equity Income Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Insurance (continued)          
MetLife, Inc.   555,100   $24,663,093 
Willis Towers Watson PLC   45,289    6,013,021 
XL Group, Ltd.   136,900    4,603,947 
         83,419,439 
         352,254,683 
Health care - 9.2%          
Biotechnology - 0.5%          
Gilead Sciences, Inc.   107,100    8,473,752 
Health care equipment and supplies - 1.1%          
Becton, Dickinson and Company   72,000    12,940,560 
Medtronic PLC   57,100    4,933,440 
         17,874,000 
Health care providers and services - 1.2%          
Anthem, Inc.   157,574    19,745,598 
Pharmaceuticals - 6.4%          
Bristol-Myers Squibb Company   232,525    12,537,748 
GlaxoSmithKline PLC   466,010    9,925,325 
Johnson & Johnson   254,100    30,016,833 
Merck & Company, Inc.   252,950    15,786,610 
Pfizer, Inc.   1,042,435    35,307,273 
         103,573,789 
         149,667,139 
Industrials - 10.7%          
Aerospace and defense - 2.1%          
The Boeing Company   232,400    30,616,376 
United Technologies Corp.   36,100    3,667,760 
         34,284,136 
Air freight and logistics - 0.9%          
United Parcel Service, Inc., Class B   136,000    14,872,960 
Airlines - 0.3%          
Southwest Airlines Company   127,200    4,946,808 
Electrical equipment - 1.1%          
Emerson Electric Company   318,700    17,372,337 
Industrial conglomerates - 1.9%          
General Electric Company   1,059,300    31,376,466 
Machinery - 3.3%          
Cummins, Inc.   80,500    10,316,075 
Deere & Company   78,000    6,657,300 
Flowserve Corp.   181,837    8,771,817 
Illinois Tool Works, Inc.   145,400    17,424,736 
Pentair PLC   173,900    11,171,336 
         54,341,264 
Road and rail - 1.1%          
Canadian Pacific Railway, Ltd. (L)   16,400    2,504,280 
Norfolk Southern Corp.   15,000    1,455,900 
Union Pacific Corp.   143,700    14,015,061 
         17,975,241 
         175,169,212 
Information technology - 11.2%          
Communications equipment - 2.7%          
Cisco Systems, Inc.   663,900    21,058,908 
Harris Corp.   240,724    22,052,726 
         43,111,634 
Electronic equipment, instruments and components - 0.4%             
TE Connectivity, Ltd.   97,300    6,264,174 

 

Equity Income Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Semiconductors and semiconductor equipment - 4.6%          
Analog Devices, Inc.   211,200   $13,611,840 
Applied Materials, Inc.   670,800    20,224,620 
QUALCOMM, Inc.   335,200    22,961,200 
Texas Instruments, Inc.   270,600    18,990,708 
         75,788,368 
Software - 2.3%          
CA, Inc.   88,500    2,927,580 
Microsoft Corp.   602,825    34,722,720 
         37,650,300 
Technology hardware, storage and peripherals - 1.2%          
Apple, Inc.   53,200    6,014,260 
Western Digital Corp.   240,100    14,038,647 
         20,052,907 
         182,867,383 
Materials - 4.8%          
Chemicals - 2.1%          
CF Industries Holdings, Inc.   412,200    10,037,070 
E.I. du Pont de Nemours & Company   361,600    24,216,352 
         34,253,422 
Construction materials - 0.8%          
Vulcan Materials Company   113,600    12,919,728 
Containers and packaging - 1.2%          
International Paper Company   384,400    18,443,512 
WestRock Company   43,132    2,091,039 
         20,534,551 
Metals and mining - 0.7%          
Nucor Corp.   218,100    10,785,045 
         78,492,746 
Real estate - 2.0%          
Equity real estate investment trusts - 2.0%          
Equity Residential   131,200    8,440,096 
Rayonier, Inc.   387,300    10,278,942 
Weyerhaeuser Company   444,100    14,184,554 
         32,903,592 
         32,903,592 
Telecommunication services - 2.7%          
Diversified telecommunication services - 2.4%          
CenturyLink, Inc.   289,817    7,949,680 
Telefonica SA   584,103    5,907,057 
Verizon Communications, Inc.   494,785    25,718,924 
         39,575,661 
Wireless telecommunication services - 0.3%          
Vodafone Group PLC   1,838,840    5,273,650 
         44,849,311 
Utilities - 8.0%          
Electric utilities - 5.6%          
Edison International   210,600    15,215,850 
Entergy Corp.   127,920    9,815,302 
Exelon Corp.   435,000    14,481,150 
FirstEnergy Corp.   466,500    15,431,820 
Great Plains Energy, Inc.   109,148    2,978,649 
PG&E Corp.   347,600    21,262,692 
Xcel Energy, Inc.   314,300    12,930,302 
         92,115,765 

 

The accompanying notes are an integral part of the financial statements.

74

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Equity Income Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Independent power and renewable electricity producers - 1.2%          
AES Corp.   1,446,600   $18,588,810 
Multi-utilities - 1.2%          
NiSource, Inc.   801,400    19,321,754 
         130,026,329 
TOTAL COMMON STOCKS (Cost $1,252,733,269)       $1,582,149,130 
           
PREFERRED SECURITIES - 0.9%          
Utilities - 0.9%          
DTE Energy Company, 6.500%   43,661    2,270,372 
Great Plains Energy, Inc., 7.000%   49,945    2,571,668 
NextEra Energy, Inc., 6.123%   176,195    8,774,511 
         13,616,551 
TOTAL PREFERRED SECURITIES (Cost $13,298,530)       $13,616,551 
           
CORPORATE BONDS - 0.2%          
Health care - 0.0%          
Valeant Pharmaceuticals International, Inc.          
5.875%, 05/15/2023 (S)  $496,000   $428,757 
6.375%, 10/15/2020 (S)   125,000    117,188 
7.000%, 10/01/2020 (S)   150,000    146,250 
         692,195 
Information technology - 0.2%          
Western Digital Corp.          
10.500%, 04/01/2024 (S)   2,500,000    2,903,125 
TOTAL CORPORATE BONDS (Cost $3,153,264)       $3,595,320 
           
SECURITIES LENDING COLLATERAL - 0.1%          
John Hancock          
Collateral Trust, 0.6548% (W)(Y)   179,333   $1,794,511 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $1,794,544)       $1,794,511 
           
SHORT-TERM INVESTMENTS - 1.7%          
Money market funds - 1.7%          
State Street Institutional U.S. Government          
Money Market Fund, Premier          
Class, 0.2692% (Y)   3,000,000   $3,000,000 
T. Rowe Price Prime Reserve          
Fund, 0.3208% (Y)   25,048,808    25,048,808 
TOTAL SHORT-TERM INVESTMENTS (Cost $28,048,808)       $28,048,808 
Total Investments (Equity Income Trust)          
(Cost $1,299,028,415) - 99.7%       $1,629,204,320 
Other assets and liabilities, net - 0.3%        5,421,236 
TOTAL NET ASSETS - 100.0%       $1,634,625,556 

 

Financial Industries Trust

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS - 93.2%          
Financials - 89.4%          
Banks - 50.6%          
1st Source Corp.   32,427   $1,157,482 
Access National Corp.   3,592    85,849 
American Business Bank (I)   316    9,006 

 

Financial Industries Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Banks (continued)          
Ameris Bancorp   31,676   $1,107,076 
Atlantic Capital Bancshares, Inc. (I)   51,332    768,953 
Bank of America Corp.   213,143    3,335,688 
Bank of Ireland (I)   8,184,132    1,711,074 
Bank of Marin Bancorp   8,790    437,127 
Bankwell Financial Group, Inc.   18,087    428,481 
Banner Corp.   68,446    2,993,828 
Cambridge Bancorp   14    701 
Capstar Financial Holdings, Inc. (I)   8,981    152,228 
Chemical Financial Corp.   25,825    1,139,657 
Citigroup, Inc.   69,637    3,288,956 
Citizens Financial Group, Inc.   123,083    3,041,381 
Comerica, Inc.   62,934    2,978,037 
County Bancorp, Inc.   14,161    283,362 
Danske Bank A/S   97,491    2,852,187 
DCB Financial Corp. (I)   4,263    32,612 
Equity Bancshares, Inc., Class A (I)   7,549    195,821 
Evans Bancorp, Inc.   15,322    422,274 
First Business Financial Services, Inc.   22,315    524,403 
First Hawaiian, Inc. (I)   27,887    749,045 
First Merchants Corp.   39,942    1,068,449 
Flushing Financial Corp.   22,114    524,544 
Glacier Bancorp, Inc.   99,765    2,845,298 
Great Southern Bancorp, Inc.   5,216    212,291 
Great Western Bancorp, Inc.   47,443    1,580,801 
Horizon Bancorp   5,559    163,323 
Independent Bank Corp.   28,748    483,829 
JPMorgan Chase & Co.   65,179    4,340,270 
KeyCorp   205,014    2,495,020 
M&T Bank Corp.   20,019    2,324,206 
MB Financial, Inc.   22,367    850,841 
Oak Valley Bancorp   412    4,128 
Regions Financial Corp.   335,817    3,314,514 
Sandy Spring Bancorp, Inc.   32,922    1,006,755 
Sun Bancorp, Inc.   33,114    763,609 
SunTrust Banks, Inc.   76,518    3,351,488 
SVB Financial Group (I)   38,580    4,264,633 
The Community Financial Corp.   1,701    38,613 
The First of Long Island Corp.   9,845    326,362 
The PNC Financial Services Group, Inc.   16,064    1,447,206 
TriCo Bancshares   36,275    971,082 
U.S. Bancorp   102,519    4,397,040 
Union Bankshares Corp.   61,378    1,643,089 
Wells Fargo & Company   78,962    3,496,437 
Westbury Bancorp, Inc. (I)   7,760    151,553 
Yadkin Financial Corp.   18,336    482,053 
Zions Bancorporation   105,150    3,261,753 
         73,504,415 
Capital markets - 15.6%          
Affiliated Managers Group, Inc. (I)   14,648    2,119,566 
Altamir   68,447    852,954 
American Capital, Ltd. (I)   190,540    3,222,031 
Azimut Holding SpA   22,440    330,181 
Close Brothers Group PLC   56,949    1,010,060 
Fifth Street Finance Corp.   349,111    2,028,335 
Intermediate Capital Group   137,040    1,046,391 
Invesco, Ltd.   110,074    3,442,014 
KKR & Company LP   153,861    2,194,058 
Schroders PLC   71,580    2,499,664 
The Blackstone Group LP   141,746    3,618,775 
TriplePoint Venture Growth BDC Corp.   22,617    239,740 
         22,603,769 

 

The accompanying notes are an integral part of the financial statements.

75

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Financial Industries Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Consumer finance - 4.4%          
Capital One Financial Corp.   33,920   $2,436,474 
Discover Financial Services   70,696    3,997,859 
         6,434,333 
Diversified financial services - 3.4%          
Berkshire Hathaway, Inc., Class B (I)   26,703    3,857,782 
Cerved Information Solutions SpA   121,037    1,022,421 
         4,880,203 
Insurance - 14.2%          
Aon PLC   19,540    2,198,052 
Assured Guaranty, Ltd.   130,356    3,617,379 
Chubb, Ltd.   33,640    4,226,866 
CNO Financial Group, Inc.   208,738    3,187,429 
Gjensidige Forsikring ASA   52,263    977,488 
Kinsale Capital Group, Inc.   7,164    157,608 
Lincoln National Corp.   39,126    1,838,139 
Marsh & McLennan Companies, Inc.   27,182    1,827,990 
The Hartford Financial Services Group, Inc.   60,339    2,583,716 
         20,614,667 
Thrifts and mortgage finance - 1.2%          
Provident Financial Services, Inc.   34,354    729,335 
United Community Financial Corp.   78,278    556,557 
United Financial Bancorp, Inc.   38,106    527,387 
         1,813,279 
         129,850,666 
Real estate - 3.8%          
Equity real estate investment trusts - 3.0%          
Hibernia REIT PLC   12,607    19,399 
Prologis, Inc.   43,006    2,302,541 
Rexford Industrial Realty, Inc.   30,180    690,820 
Vornado Realty Trust   13,670    1,383,541 
         4,396,301 
Real estate management and development - 0.8%          
Kennedy Wilson Europe Real Estate PLC   8,351    108,627 
Kennedy-Wilson Holdings, Inc.   42,165    950,821 
         1,059,448 
         5,455,749 
TOTAL COMMON STOCKS (Cost $133,777,117)       $135,306,415 
           
PREFERRED SECURITIES - 0.3%          
Financials - 0.3%          
OFG Bancorp, Series C, 8.750%   489    478,395 
TOTAL PREFERRED SECURITIES (Cost $483,267)       $478,395 
           
CORPORATE BONDS - 2.4%          
Financials - 2.4%          
Cadence Financial Corp.          
4.875%, 06/28/2019 (S)  $800,000   $756,000 
Flagstar Bancorp, Inc. 6.125%, 07/15/2021 (S)   750,000    764,009 
NewStar Financial, Inc. 7.250%, 05/01/2020   1,160,000    1,142,600 
Popular, Inc. 7.000%, 07/01/2019   850,000    875,500 
         3,538,109 
TOTAL CORPORATE BONDS (Cost $3,475,896)       $3,538,109 
           
WARRANTS - 0.4%          
Comerica, Inc. (Expiration Date: 11/14/2018;          
Strike Price: $29.40) (I)   25,566    469,136 

 

Financial Industries Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
WARRANTS (continued)          
The PNC Financial Services Group, Inc.          
(Expiration Date: 12/31/2018; Strike          
Price: $67.33) (I)   6,265   $147,165 
TOTAL WARRANTS (Cost $688,309)       $616,301 
           
SHORT-TERM INVESTMENTS - 2.1%          
U.S. Government Agency - 1.4%          
Federal Farm Credit Bank Discount Note          
0.150%, 10/03/2016*  $748,000   $747,994 
Federal Home Loan Bank Discount Note          
0.100%, 10/03/2016*   1,181,000    1,180,993 
         1,928,987 
Repurchase agreement - 0.7%          
Repurchase Agreement with State Street Corp.          
dated 09/30/2016 at 0.030% to be          
repurchased at $1,039,003 on 10/03/2016,          
collateralized by $965,000 U.S. Treasury          
Notes, 3.500% due 05/15/2020 (valued at          
$1,063,913, including interest)   1,039,000    1,039,000 
TOTAL SHORT-TERM INVESTMENTS (Cost $2,967,987)       $2,967,987 
Total Investments (Financial Industries Trust)          
(Cost $141,392,576) - 98.4%       $142,907,207 
Other assets and liabilities, net - 1.6%        2,299,079 
TOTAL NET ASSETS - 100.0%       $145,206,286 

 

Franklin Templeton Founding Allocation Trust

 

    Shares or      
    Principal      
    Amount    Value
AFFILIATED INVESTMENT COMPANIES (G) - 100.0%          
Equity - 66.7%          
Global, Series NAV (Templeton)   18,508,920   $347,782,613 
Mutual Shares, Series NAV (Franklin)   30,241,966    347,782,613 
Fixed income - 33.3%          
Income, Series NAV (Franklin)   29,780,505    347,538,492 
TOTAL AFFILIATED INVESTMENT          
COMPANIES (Cost $873,020,377)       $1,043,103,718 
Total Investments (Franklin Templeton Founding Allocation          
Trust) (Cost $873,020,377) - 100.0%       $1,043,103,718 
Other assets and liabilities, net - 0.0%        (97,204)
TOTAL NET ASSETS - 100.0%       $1,043,006,514 

 

Fundamental All Cap Core Trust

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS - 99.7%          
Consumer discretionary - 26.5%          
Household durables - 7.5%          
Lennar Corp., Class A   809,676   $34,281,682 
NVR, Inc. (I)   22,519    36,928,233 
Tempur Sealy International, Inc. (I)   816,313    46,317,600 
         117,527,515 

 

The accompanying notes are an integral part of the financial statements.

76

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Fundamental All Cap Core Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Internet and direct marketing retail - 7.8%          
Amazon.com, Inc. (I)   145,562   $121,880,518 
Leisure products - 2.7%          
Polaris Industries, Inc.   543,044    42,053,327 
Media - 1.1%          
Time Warner, Inc.   205,421    16,353,566 
Specialty retail - 6.6%          
CarMax, Inc. (I)   746,816    39,842,634 
Group 1 Automotive, Inc.   551,924    35,256,905 
Lowe’s Companies, Inc.   399,051    28,815,473 
         103,915,012 
Textiles, apparel and luxury goods - 0.8%          
Ralph Lauren Corp.   121,093    12,247,346 
         413,977,284 
Consumer staples - 7.5%          
Beverages - 0.7%          
Diageo PLC, ADR   103,252    11,981,362 
Food products - 3.8%          
Danone SA   503,537    37,389,032 
Mead Johnson Nutrition Company   273,078    21,575,893 
         58,964,925 
Household products - 3.0%          
The Procter & Gamble Company   523,124    46,950,379 
         117,896,666 
Energy - 5.3%          
Energy equipment and services - 1.7%          
Schlumberger, Ltd.   337,276    26,523,385 
Oil, gas and consumable fuels - 3.6%          
Kinder Morgan, Inc.   1,712,672    39,614,103 
Suncor Energy, Inc.   594,158    16,505,709 
         56,119,812 
         82,643,197 
Financials - 23.9%          
Banks - 9.3%          
Bank of America Corp.   4,229,998    66,199,469 
CIT Group, Inc.   363,033    13,178,098 
Citigroup, Inc.   1,404,987    66,357,536 
         145,735,103 
Capital markets - 13.0%          
Affiliated Managers Group, Inc. (I)   281,445    40,725,092 
AllianceBernstein Holding LP   2,430,914    55,424,839 
BlackRock, Inc.   83,797    30,373,061 
Morgan Stanley   1,218,667    39,070,464 
T. Rowe Price Group, Inc.   230,179    15,306,904 
The Goldman Sachs Group, Inc.   136,289    21,979,327 
         202,879,687 
Consumer finance - 0.9%          
American Express Company   224,650    14,386,586 
Insurance - 0.7%          
American International Group, Inc.   187,276    11,112,958 
         374,114,334 
Health care - 5.3%          
Biotechnology - 3.0%          
Amgen, Inc.   284,236    47,413,407 

 

Fundamental All Cap Core Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Pharmaceuticals - 2.3%          
Novartis AG, ADR   451,064   $35,616,013 
         83,029,420 
Industrials - 8.5%          
Aerospace and defense - 1.6%          
TransDigm Group, Inc. (I)   84,520    24,436,422 
Electrical equipment - 2.0%          
Regal Beloit Corp.   240,633    14,315,257 
Sensata Technologies Holding NV (I)   433,451    16,809,227 
         31,124,484 
Machinery - 0.8%          
Manitowoc Foodservice, Inc. (I)   578,483    9,382,994 
The Manitowoc Company, Inc.   578,483    2,770,934 
         12,153,928 
Professional services - 1.6%          
IHS Markit, Ltd. (I)   687,007    25,797,113 
Trading companies and distributors - 2.5%          
United Rentals, Inc. (I)   173,516    13,619,271 
WESCO International, Inc. (I)   418,487    25,732,766 
         39,352,037 
         132,863,984 
Information technology - 18.6%          
Internet software and services - 9.3%          
Alphabet, Inc., Class A (I)   78,713    63,289,975 
Facebook, Inc., Class A (I)   638,829    81,942,596 
         145,232,571 
Semiconductors and semiconductor equipment - 1.6%             
QUALCOMM, Inc.   376,652    25,800,662 
Software - 1.7%          
Workday, Inc., Class A (I)   290,087    26,598,077 
Technology hardware, storage and peripherals - 6.0%             
Apple, Inc.   827,223    93,517,560 
         291,148,870 
Materials - 2.4%          
Paper and forest products - 2.4%          
Louisiana-Pacific Corp. (I)   1,986,618    37,408,017 
Real estate - 1.7%          
Equity real estate investment trusts - 1.7%          
American Tower Corp.   238,906    27,075,217 
TOTAL COMMON STOCKS (Cost $1,295,499,209)       $1,560,156,989 
           
SHORT-TERM INVESTMENTS - 0.3%          
Repurchase agreement - 0.3%          
Barclays Tri-Party Repurchase Agreement          
dated 09/30/2016 at 0.420% to be          
repurchased at $2,011,070 on 10/03/2016,          
collateralized by $1,977,300 U.S. Treasury          
Inflation Indexed Notes, 0.125% due          
04/15/2021 (valued at $2,051,331,          
including interest)  $2,011,000   $2,011,000 

 

The accompanying notes are an integral part of the financial statements.

77

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Fundamental All Cap Core Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value
SHORT-TERM INVESTMENTS (continued)          
Repurchase agreement (continued)          
Repurchase Agreement with State Street Corp.          
dated 09/30/2016 at 0.030% to be          
repurchased at $2,790,007 on 10/03/2016,          
collateralized by $2,585,000 U.S. Treasury          
Notes, 3.500% due 05/15/2020 (valued at          
$2,849,963, including interest)  $2,790,000   $2,790,000 
         4,801,000 
TOTAL SHORT-TERM INVESTMENTS (Cost $4,801,000)       $4,801,000 
Total Investments (Fundamental All Cap Core Trust)          
(Cost $1,300,300,209) - 100.0%       $1,564,957,989 
Other assets and liabilities, net - 0.0%        (290,928)
TOTAL NET ASSETS - 100.0%       $1,564,667,061 

 

Fundamental Large Cap Value Trust

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS - 99.8%          
Consumer discretionary - 11.5%          
Household durables - 5.9%          
Lennar Corp., Class A   632,054   $26,761,165 
NVR, Inc. (I)   21,852    35,834,439 
Tempur Sealy International, Inc. (I)   431,429    24,479,281 
         87,074,885 
Media - 1.4%          
Twenty-First Century Fox, Inc., Class A   882,323    21,369,863 
Specialty retail - 3.2%          
Group 1 Automotive, Inc.   263,764    16,849,244 
Lowe’s Companies, Inc.   417,456    30,144,498 
         46,993,742 
Textiles, apparel and luxury goods - 1.0%          
Ralph Lauren Corp.   145,469    14,712,735 
         170,151,225 
Consumer staples - 10.5%          
Beverages - 6.5%          
Anheuser-Busch InBev NV, ADR   117,460    15,435,419 
Diageo PLC, ADR   175,497    20,364,672 
Heineken Holding NV   353,865    28,350,120 
PepsiCo, Inc.   289,194    31,455,631 
         95,605,842 
Food products - 1.2%          
Danone SA   241,908    17,962,346 
Household products - 1.5%          
The Procter & Gamble Company   251,918    22,609,641 
Tobacco - 1.3%          
Philip Morris International, Inc.   192,136    18,679,462 
         154,857,291 
Energy - 10.5%          
Oil, gas and consumable fuels - 10.5%          
Chevron Corp.   229,879    23,659,147 
Exxon Mobil Corp.   646,639    56,438,652 
Kinder Morgan, Inc.   984,499    22,771,462 
Occidental Petroleum Corp.   495,709    36,147,100 

 

Fundamental Large Cap Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Oil, gas and consumable fuels (continued)          
Suncor Energy, Inc.   564,575   $15,683,894 
         154,700,255 
         154,700,255 
Financials - 31.3%          
Banks - 16.7%          
Bank of America Corp.   4,050,052    63,383,314 
CIT Group, Inc.   743,019    26,971,590 
Citigroup, Inc.   1,342,856    63,423,089 
JPMorgan Chase & Co.   1,100,594    73,288,554 
Wells Fargo & Company   454,946    20,145,009 
         247,211,556 
Capital markets - 10.1%          
AllianceBernstein Holding LP   1,552,299    35,392,417 
Invesco, Ltd.   261,936    8,190,739 
Morgan Stanley   1,238,394    39,702,912 
State Street Corp.   225,011    15,667,516 
The Goldman Sachs Group, Inc.   314,424    50,707,158 
         149,660,742 
Consumer finance - 0.5%          
American Express Company   117,296    7,511,636 
Insurance - 4.0%          
American International Group, Inc.   999,639    59,318,578 
         463,702,512 
Health care - 8.7%          
Biotechnology - 3.0%          
Amgen, Inc.   132,843    22,159,541 
Gilead Sciences, Inc.   283,756    22,450,775 
         44,610,316 
Health care equipment and supplies - 2.3%          
Medtronic PLC   392,516    33,913,382 
Pharmaceuticals - 3.4%          
Merck & Company, Inc.   454,116    28,341,380 
Novartis AG, ADR   267,585    21,128,512 
         49,469,892 
         127,993,590 
Industrials - 10.0%          
Aerospace and defense - 0.2%          
United Technologies Corp.   36,453    3,703,625 
Air freight and logistics - 1.6%          
FedEx Corp.   138,209    24,142,348 
Electrical equipment - 1.1%          
Sensata Technologies Holding NV (I)   438,879    17,019,728 
Industrial conglomerates - 3.7%          
General Electric Company   1,828,115    54,148,766 
Road and rail - 2.1%          
Union Pacific Corp.   312,037    30,432,969 
Trading companies and distributors - 1.3%          
United Rentals, Inc. (I)   244,015    19,152,737 
         148,600,173 
Information technology - 14.3%          
Communications equipment - 1.6%          
Cisco Systems, Inc.   727,760    23,084,547 
Internet software and services - 2.6%          
eBay, Inc. (I)   1,185,921    39,016,801 

 

The accompanying notes are an integral part of the financial statements.

78

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Fundamental Large Cap Value Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Semiconductors and semiconductor equipment - 2.1%          
QUALCOMM, Inc.   453,303   $31,051,256 
Software - 3.2%          
Microsoft Corp.   575,001    33,120,058 
Oracle Corp.   360,153    14,146,810 
         47,266,868 
Technology hardware, storage and peripherals - 4.8%          
Apple, Inc.   488,923    55,272,745 
Samsung Electronics Company, Ltd.   10,942    15,939,889 
         71,212,634 
         211,632,106 
Materials - 3.0%          
Paper and forest products - 3.0%          
Louisiana-Pacific Corp. (I)   2,378,827    44,793,312 
TOTAL COMMON STOCKS (Cost $1,378,755,309)       $1,476,430,464 
           
SHORT-TERM INVESTMENTS - 0.1%          
Repurchase agreement - 0.1%          
Barclays Tri-Party Repurchase Agreement          
dated 09/30/2016 at 0.420% to be          
repurchased at $890,031 on 10/03/2016,          
collateralized by $875,100 U.S. Treasury          
Inflation Indexed Notes, 0.125% due          
04/15/2021 (valued at $907,864,          
including interest)  $890,000   $890,000 
Repurchase Agreement with State Street Corp.          
dated 09/30/2016 at 0.030% to be          
repurchased at $1,236,003 on 10/03/2016,          
collateralized by $1,145,000 U.S. Treasury          
Notes, 3.500% due 05/15/2020 (valued at          
$1,262,363, including interest)   1,236,000    1,236,000 
         2,126,000 
TOTAL SHORT-TERM INVESTMENTS (Cost $2,126,000)       $2,126,000 
Total Investments (Fundamental Large Cap Value Trust)          
(Cost $1,380,881,309) - 99.9%       $1,478,556,464 
Other assets and liabilities, net - 0.1%        1,155,748 
TOTAL NET ASSETS - 100.0%       $1,479,712,212 

 

Global Bond Trust

 

    Shares or      
    Principal      
    Amount    Value 
U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS - 22.4%          
U.S. Government - 5.0%          
Treasury Inflation Protected Securities          
0.125%, 07/15/2022 to 01/15/2023 (D)  $1,668,972   $1,698,228 
0.125%, 07/15/2024   5,169,054    5,250,234 
0.250%, 01/15/2025   1,629,424    1,661,631 
1.750%, 01/15/2028   1,493,375    1,751,002 
2.375%, 01/15/2025 to 01/15/2027   5,550,991    6,689,603 
2.500%, 01/15/2029   8,294,734    10,549,815 
U.S. Treasury Bonds          
2.875%, 08/15/2045 (D)   200,000    223,461 
3.000%, 05/15/2045   700,000    800,598 
3.125%, 08/15/2044 (D)   1,300,000    1,522,015 

 

Global Bond Trust (continued)

 

     Shares or      
     Principal      
     Amount    Value 
U.S. GOVERNMENT AND AGENCY           
OBLIGATIONS (continued)           
U.S. Government (continued)           
U.S. Treasury Bonds (continued)           
4.625%, 02/15/2040   $600,000   $867,656 
          31,014,243 
U.S. Government Agency - 17.4%           
Federal Home Loan Mortgage Corp.           
2.976%, 03/01/2035 (P)    47,370    49,833 
3.000%, TBA (C)    1,000,000    1,036,823 
Federal National Mortgage Association           
2.260%, 12/01/2034 (P)    123,341    128,054 
2.410%, 05/01/2035 (P)    56,632    59,325 
2.648%, 11/01/2034 (P)    611,978    648,926 
3.000%, TBA (C)    68,600,000    71,131,747 
3.500%, TBA (C)    27,000,000    28,463,067 
4.500%, TBA (C)    5,000,000    5,469,163 
4.500%, 08/01/2023 to 09/01/2044    888,756    975,622 
Government National           
Mortgage Association           
1.750%, 06/20/2030 (P)    14,780    15,270 
2.000%, 11/20/2023 to 05/20/2030 (P)    73,010    74,665 
          108,052,495 
TOTAL U.S. GOVERNMENT AND AGENCY           
OBLIGATIONS (Cost $136,436,844)        $139,066,738 
            
FOREIGN GOVERNMENT           
OBLIGATIONS - 35.0%           
Australia - 0.1%           
New South Wales Treasury Corp.,           
Inflation-Linked Bond           
3.423%, 11/20/2025   AUD300,000    340,323 
Canada - 4.2%           
Government of Canada           
1.500%, 12/01/2044   CAD446,044    463,778 
Province of Alberta           
1.250%, 06/01/2020    2,700,000    2,071,176 
2.350%, 06/01/2025    2,700,000    2,143,742 
Province of British Columbia           
4.300%, 06/18/2042    600,000    607,249 
Province of Ontario           
2.400%, 06/02/2026    10,300,000    8,244,397 
2.500%, 04/27/2026   $800,000    824,384 
3.500%, 06/02/2024   CAD5,100,000    4,419,365 
Province of Quebec           
2.750%, 08/25/2021   $4,000,000    4,213,224 
3.000%, 09/01/2023   CAD1,700,000    1,421,057 
4.250%, 12/01/2021    2,200,000    1,926,314 
          26,334,686 
France - 3.5%           
Government of France           
3.250%, 05/25/2045   EUR1,900,000    3,343,664 
4.000%, 10/25/2038    3,300,000    6,125,045 
4.500%, 04/25/2041    6,100,000    12,395,925 
          21,864,634 
Greece - 0.4%           
Republic of Greece           
3.800%, 08/08/2017   JPY260,000,000    2,458,212 
Italy - 2.5%           
Republic of Italy           
2.700%, 03/01/2047 (S)   EUR2,300,000    2,847,887 
3.250%, 09/01/2046 (S)    2,400,000    3,313,852 

 

The accompanying notes are an integral part of the financial statements.

79

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Global Bond Trust (continued)

 

     Shares or      
     Principal      
     Amount    Value 
FOREIGN GOVERNMENT           
OBLIGATIONS (continued)           
Italy (continued)           
Republic of Italy (continued)           
4.000%, 02/01/2037   EUR1,800,000   $2,741,040 
5.000%, 09/01/2040    3,250,000    5,661,100 
6.000%, 08/04/2028   GBP600,000    1,014,895 
          15,578,774 
Japan - 10.1%           
Government of Japan           
0.400%, 03/20/2036   JPY140,000,000    1,393,892 
0.500%, 09/20/2046    370,000,000    3,683,690 
1.400%, 09/20/2034    190,000,000    2,243,958 
1.600%, 03/20/2033    1,610,000,000    19,490,264 
1.700%, 09/20/2032    2,670,000,000    32,667,182 
Japan Finance Organization for           
Municipalities           
2.125%, 04/13/2021 (S)   $2,500,000    2,524,815 
Tokyo Metropolitan           
2.000%, 05/17/2021 (S)    1,200,000    1,209,577 
          63,213,378 
New Zealand - 0.9%           
Dominion of New Zealand           
5.000%, 03/15/2019   NZD6,300,000    4,925,383 
6.000%, 12/15/2017    600,000    457,940 
          5,383,323 
Norway - 0.1%           
Government of Norway           
3.750%, 05/25/2021 (S)   NOK3,800,000    536,720 
Poland - 0.0%           
Republic of Poland           
3.250%, 07/25/2025   PLN100,000    26,976 
Qatar - 0.1%           
Government of Qatar           
4.625%, 06/02/2046 (S)   $600,000    655,500 
          655,500 
Slovenia - 3.6%           
Republic of Slovenia           
4.125%, 02/18/2019    2,550,000    2,688,037 
4.125%, 02/18/2019 (S)    1,600,000    1,687,168 
4.700%, 11/01/2016 (S)   EUR2,600,000    2,930,867 
4.750%, 05/10/2018   $1,700,000    1,784,580 
5.250%, 02/18/2024    2,600,000    3,045,091 
5.250%, 02/18/2024 (S)    5,100,000    5,982,116 
5.500%, 10/26/2022    1,800,000    2,103,174 
5.850%, 05/10/2023    1,700,000    2,032,523 
          22,253,556 
Spain - 3.4%           
Autonomous Community of Catalonia           
4.300%, 11/15/2016   EUR2,000,000    2,254,432 
4.750%, 06/04/2018    800,000    929,059 
4.900%, 09/15/2021    850,000    979,643 
4.950%, 02/11/2020    1,300,000    1,554,122 
Autonomous Community of Madrid Spain           
4.125%, 05/21/2024    1,800,000    2,514,069 
Kingdom of Spain           
2.150%, 10/31/2025 (S)    1,800,000    2,257,668 
2.900%, 10/31/2046 (S)    4,470,000    6,036,899 
4.700%, 07/30/2041 (S)    1,500,000    2,647,655 
4.900%, 07/30/2040 (S)    1,300,000    2,335,521 
          21,509,068 

 

Global Bond Trust (continued)

 

     Shares or      
     Principal      
     Amount    Value 
FOREIGN GOVERNMENT           
OBLIGATIONS (continued)           
United Kingdom - 6.1%           
Government of United Kingdom           
3.250%, 01/22/2044   GBP6,500,000   $11,818,128 
3.500%, 01/22/2045    8,700,000    16,618,967 
4.250%, 12/07/2040    4,000,000    8,055,916 
4.750%, 12/07/2038    600,000    1,278,086 
          37,771,097 
TOTAL FOREIGN GOVERNMENT           
OBLIGATIONS (Cost $202,569,060)        $217,926,247 
            
CORPORATE BONDS - 27.6%           
Australia - 0.4%           
Westpac Banking Corp.           
1.850%, 11/26/2018 (S)   $2,300,000    2,322,119 
Belgium - 0.3%           
KBC Bank NV (8.000% to 01/25/2018,           
then 5 Year U.S. Swap Rate + 7.097%)           
01/25/2023    1,600,000    1,703,642 
Brazil - 0.5%           
Petrobras Global Finance BV           
3.536%, 03/17/2020 (P)    900,000    879,750 
4.375%, 05/20/2023    800,000    715,600 
8.375%, 05/23/2021    1,600,000    1,753,120 
          3,348,470 
Canada - 0.6%           
Royal Bank of Canada           
2.300%, 03/22/2021    1,600,000    1,643,712 
The Bank of Nova Scotia           
1.875%, 04/26/2021    2,200,000    2,215,158 
          3,858,870 
Cayman Islands - 0.2%           
Preferred Term Securities XXVI, Ltd.           
0.952%, 09/22/2037 (P) (S)    1,373,379    975,099 
          975,099 
Denmark - 8.7%           
BRFkredit A/S           
3.000%, 10/01/2047   DKK2,500,000    389,471 
Nordea Kredit Realkreditaktieselskab           
2.000%, 10/01/2017    10,100,000    1,556,533 
2.500%, 10/01/2037 to 10/01/2047    8,663,221    1,339,126 
3.000%, 10/01/2047    2,449,272    381,919 
Nykredit Realkredit A/S           
1.000%, 10/01/2016 to 10/01/2017    68,500,000    10,439,848 
2.000%, 07/01/2017 to 10/01/2037    43,025,069    6,629,536 
2.500%, 10/01/2037 to 10/01/2047    61,949,140    9,598,962 
3.000%, 10/01/2047    27,018,034    4,212,969 
6.000%, 10/01/2029    47,511    8,512 
Realkredit Danmark A/S           
0.930%, 01/01/2038 (P)    259,718    41,204 
1.000%, 04/01/2017    36,700,000    5,572,360 
2.000%, 04/01/2017 to 10/01/2037    50,503,985    7,712,409 
2.500%, 10/01/2037 to 10/01/2047    33,930,339    5,263,800 
3.000%, 10/01/2047    5,954,214    928,271 
          54,074,920 
France - 0.8%           
Credit Agricole SA (8.125% to           
09/19/2018, then 5 Year U.S. Swap           
Rate + 6.283%)           
09/19/2033   $1,480,000    1,596,550 

 

The accompanying notes are an integral part of the financial statements.

80

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Global Bond Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
CORPORATE BONDS (continued)          
France (continued)          
Dexia Credit Local SA          
1.875%, 09/15/2021 (S)  $3,100,000   $3,096,255 
         4,692,805 
Germany - 0.2%          
Deutsche Bank AG          
1.350%, 05/30/2017   1,500,000    1,470,338 
Greece - 0.0%          
Hellenic Railways Organization SA          
5.014%, 12/27/2017  EUR 100,000    107,420 
Guernsey, Channel Islands - 0.1%          
Credit Suisse Group Funding          
Guernsey, Ltd.          
3.800%, 06/09/2023 (S)  $400,000    405,440 
         405,440 
Ireland - 0.2%          
Shire Acquisitions Investments Ireland          
DAC          
1.900%, 09/23/2019   1,500,000    1,501,380 
Italy - 1.0%          
Banca Carige SpA          
3.750%, 11/25/2016  EUR 1,400,000    1,579,716 
3.875%, 10/24/2018   2,800,000    3,340,492 
Intesa Sanpaolo SpA          
5.017%, 06/26/2024 (S)  $500,000    456,504 
5.710%, 01/15/2026 (S)   1,200,000    1,134,682 
         6,511,394 
Ivory Coast - 0.4%          
African Development Bank          
5.250%, 03/23/2022  AUD 2,900,000    2,528,762 
Japan - 1.3%          
Bank of Tokyo-Mitsubishi UFJ, Ltd.          
1.700%, 03/05/2018 (S)  $900,000    901,249 
Mitsubishi UFJ Financial Group, Inc.          
2.950%, 03/01/2021   600,000    617,203 
Sumitomo Mitsui Financial Group, Inc.          
2.058%, 07/14/2021   3,100,000    3,074,955 
2.337%, 03/09/2021 (P)   3,100,000    3,193,443 
         7,786,850 
Jersey, Channel Islands - 0.2%          
UBS Group Funding Jersey, Ltd.          
3.000%, 04/15/2021 (S)   1,500,000    1,540,706 
Netherlands - 1.1%          
Cooperatieve Rabobank UA          
6.875%, 03/19/2020  EUR 650,000    861,575 
ING Bank NV          
2.625%, 12/05/2022 (S)  $1,800,000    1,861,243 
2.625%, 12/05/2022   3,500,000    3,622,133 
LeasePlan Corp. NV          
2.875%, 01/22/2019 (S)   600,000    605,647 
         6,950,598 
Portugal - 0.0%          
Novo Banco SA          
5.000%, 05/23/2019  EUR 300,000    235,919 
Russia - 0.4%          
Gazprom OAO          
9.250%, 04/23/2019  $1,900,000    2,184,725 

 

Global Bond Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Sweden - 0.7%          
Svenska Handelsbanken AB          
1.781%, 03/30/2021 (P)  $3,700,000   $3,734,114 
Swedbank AB          
2.200%, 03/04/2020 (S)   700,000    707,533 
         4,441,647 
Switzerland - 0.7%          
Credit Suisse AG          
6.500%, 08/08/2023   1,400,000    1,516,012 
UBS AG          
5.125%, 05/15/2024   1,200,000    1,236,590 
UBS AG (7.250% to 02/22/2017, then          
5 Year U.S. Swap Rate + 6.061%)          
02/22/2022   1,400,000    1,422,690 
         4,175,292 
United Kingdom - 4.2%          
Barclays Bank PLC          
7.625%, 11/21/2022   900,000    999,900 
Barclays Bank PLC (7.750% to          
04/10/2018, then 5 Year U.S. Swap          
Rate + 6.833%)          
04/10/2023   3,700,000    3,875,750 
Barclays PLC (6.500% to 09/15/2019, then          
5 Year Euro Swap Rate + 5.875%)          
09/15/2019 (Q)  EUR 900,000    945,365 
Barclays PLC (7.875% to 09/15/2022, then          
5 Year British Pound Swap          
Rate + 6.099%)          
09/15/2022 (Q)  GBP 400,000    505,117 
Co-operative Group Holdings 2011, Ltd.          
6.875%, 07/08/2020   500,000    746,906 
European Bank for Reconstruction &          
Development          
0.500%, 12/21/2023  AUD 200,000    128,863 
HBOS Capital Funding LP (9.540% to          
03/19/2018, then GBPLIBOR + 6.750%)          
03/19/2018 (Q)  GBP 1,700,000    2,351,839 
HBOS PLC          
1.380%, 09/06/2017 (P)  $1,700,000    1,694,410 
5.374%, 06/30/2021  EUR 1,400,000    1,851,176 
Lloyds Bank PLC          
2.050%, 01/22/2019  $900,000    903,728 
Lloyds Banking Group PLC (7.625% to          
06/27/2023, then 5 Year British Pound          
Swap Rate + 5.010%)          
06/27/2023 (Q)  GBP 200,000    264,414 
Lloyds Banking Group PLC (7.875% to          
06/27/2029, then 5 Year British Pound          
Swap Rate + 4.830%)          
06/27/2029 (Q)   200,000    268,640 
Royal Bank of Scotland Group PLC          
2.500%, 03/22/2023  EUR 1,200,000    1,363,980 
Royal Bank of Scotland Group PLC          
(6.990% to 10/05/2017, then 3 month          
LIBOR + 2.670%)          
10/05/2017 (Q) (S)  $1,600,000    1,784,000 
Royal Bank of Scotland Group PLC          
(7.500% to 08/10/2020, then 5 Year          
U.S. Swap Rate + 5.800%)          
08/10/2020 (Q)   1,400,000    1,295,000 

 

The accompanying notes are an integral part of the financial statements.

81

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Global Bond Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
United Kingdom (continued)          
Royal Bank of Scotland Group PLC          
(8.000% to 08/10/2025, then 5 Year          
U.S. Swap Rate + 5.720%)          
08/10/2025 (Q)  $200,000   $188,000 
Santander UK Group Holdings PLC          
4.750%, 09/15/2025 (S)   2,000,000    2,002,248 
Santander UK Group Holdings PLC          
(7.375% to 06/24/2022, then 5 Year          
British Pound Swap Rate + 5.543%)          
06/24/2022 (Q)  GBP 200,000    255,277 
Tesco PLC          
5.000%, 03/24/2023   100,000    141,745 
5.125%, 04/10/2047  EUR 1,000,000    1,179,360 
6.125%, 02/24/2022  GBP 1,450,000    2,150,101 
Virgin Media Secured Finance PLC          
4.875%, 01/15/2027   1,100,000    1,428,616 
         26,324,435 
United States - 5.6%          
AbbVie, Inc.          
2.300%, 05/14/2021  $1,300,000    1,311,382 
Ally Financial, Inc.          
3.600%, 05/21/2018   2,600,000    2,639,000 
American International Group, Inc.          
3.900%, 04/01/2026   1,500,000    1,587,875 
Anheuser-Busch InBev Finance, Inc.          
3.300%, 02/01/2023   1,000,000    1,054,675 
Charter Communications Operating LLC          
4.464%, 07/23/2022 (S)   1,700,000    1,835,733 
6.384%, 10/23/2035 (S)   1,500,000    1,769,795 
Citigroup, Inc.          
2.650%, 10/26/2020   1,600,000    1,634,483 
Ford Motor Credit Company LLC          
1.897%, 08/12/2019   2,000,000    1,994,984 
5.875%, 08/02/2021   300,000    342,102 
MUFG Americas Holdings Corp.          
3.000%, 02/10/2025   3,500,000    3,570,802 
OneMain Financial Holdings, Inc.          
6.750%, 12/15/2019 (S)   300,000    316,050 
7.250%, 12/15/2021 (S)   200,000    210,500 
Pricoa Global Funding I          
2.200%, 06/02/2021 (S)   1,500,000    1,520,343 
Principal Life Global Funding II          
3.000%, 04/18/2026 (S)   2,000,000    2,033,968 
Springleaf Finance Corp.          
6.000%, 06/01/2020   1,400,000    1,433,250 
Sprint Communications, Inc.          
9.125%, 03/01/2017   100,000    102,250 
Starwood Hotels & Resorts          
Worldwide, Inc.          
6.750%, 05/15/2018   3,000,000    3,243,579 
Tesoro Logistics LP          
6.125%, 10/15/2021   2,200,000    2,299,000 
The Cleveland Electric Illuminating          
Company          
5.700%, 04/01/2017   1,560,000    1,591,576 
The Southern Company          
2.350%, 07/01/2021   800,000    815,338 
UnitedHealth Group, Inc.          
3.750%, 07/15/2025   1,600,000    1,758,085 

 

Global Bond Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
United States (continued)          
Zimmer Biomet Holdings, Inc.          
3.150%, 04/01/2022  $1,500,000   $1,551,830 
         34,616,600 
TOTAL CORPORATE BONDS (Cost $170,222,676)       $171,757,431 
           
TERM LOANS (M) - 0.4%          
United States - 0.4%          
Energy Future Intermediate Holding          
Company LLC          
4.250%, 12/19/2016   2,200,000    2,215,400 
Las Vegas Sands LLC          
3.250%, 12/19/2020   99,489    99,974 
         2,315,374 
TOTAL TERM LOANS (Cost $2,298,084)       $2,315,374 
           
MUNICIPAL BONDS - 0.1%          
Iowa Tobacco Settlement Authority,          
Series A 6.500%, 06/01/2023   255,000    257,287 
State of California 7.550%, 04/01/2039   200,000    319,430 
TOTAL MUNICIPAL BONDS (Cost $566,718)       $576,717 
           
COLLATERALIZED MORTGAGE          
OBLIGATIONS - 11.2%          
Australia - 0.0%          
The Superannuation Member Home Loan          
Programme, Series 2009-3, Class A1          
3.250%, 11/07/2040 (P)  AUD 277,424    213,611 
Canada - 0.4%          
Canada Mortgage & Housing Corp.          
(Merrill Lynch)          
Series 98001212,          
1.041%, 06/01/2020 (P)  CAD 680,051    514,448 
Series 98001247,          
1.241%, 07/01/2020 (P)   1,831,874    1,392,696 
Series 98001289,          
1.241%, 08/01/2020 (P)   626,168    475,987 
         2,383,131 
Italy - 0.6%          
Berica ABS SRL, Series 2011-1, Class A1          
0.058%, 12/31/2055 (P)  EUR 508,452    568,566 
Casa D’este Finance SRL, Series 1,          
Class 1A2          
0.125%, 09/15/2021 (P)   576,878    641,216 
Creso SRL, Series 2, Class A          
0.458%, 12/30/2060 (P)   2,170,055    2,438,110 
         3,647,892 
United Kingdom - 2.1%          
Alba PLC, Series 2006-2, Class A3A          
0.761%, 12/15/2038 (P)  GBP 227,187    267,876 
Business Mortgage Finance 7 PLC,          
Series 7X, Class A1          
2.591%, 02/15/2041 (P)   851,853    1,049,571 
Darrowby NO 2 PLC, Series 2012-1,          
Class A          
2.289%, 02/20/2044 (P)   1,030,650    1,342,025 
Eurosail-UK PLC, Series 2007-3X,          
Class A3A          
1.524%, 06/13/2045 (P)   1,660,715    2,005,138 

 

The accompanying notes are an integral part of the financial statements.

82

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Global Bond Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
United Kingdom (continued)          
Great Hall Mortgages PLC, Series 2007-1,          
Class A2A          
0.719%, 03/18/2039 (P)  GBP 1,145,762    $1,411,235 
Mansard Mortgages PLC, Series 2007-2X,          
Class A1          
1.241%, 12/15/2049 (P)   5,015,861    6,049,549 
Uropa Securities PLC          
Series 2008-1, Class A,          
0.775%, 06/10/2059 (P)   412,991    504,940 
Series 2008-1, Class B,          
1.325%, 06/10/2059 (P)   79,000    89,166 
Series 2008-1, Class M1,          
0.925%, 06/10/2059 (P)   95,000    111,654 
Series 2008-1, Class M2,          
1.125%, 06/10/2059 (P)   75,000    87,339 
         12,918,493 
United States - 8.1%          
Adjustable Rate Mortgage Trust,          
Series 2005-5, Class 2A1          
3.110%, 09/25/2035 (P)  $102,412    84,630 
American Home Mortgage          
Investment Trust, Series 2004-3,          
Class 5A          
2.314%, 10/25/2034 (P)   24,660    24,673 
Banc of America Alternative Loan Trust,          
Series 2006-3, Class 5CB1          
6.500%, 04/25/2036   1,995,708    1,648,761 
Banc of America Funding Corp.          
Series 2005-E , Class 1A1,          
0.728%, 05/20/2035 (P)   268,473    186,574 
Series 2006-J, Class 4A1,          
3.025%, 01/20/2047 (P)   116,323    97,759 
Banc of America Mortgage          
Securities, Inc., Series 2005-B,          
Class 2A2          
3.051%, 03/25/2035 (P)   610,415    550,947 
Bear Stearns Adjustable          
Rate Mortgage Trust          
Series 2003-6, Class 1A1,          
2.648%, 08/25/2033 (P)   59,303    59,594 
Series 2003-7, Class 6A,          
2.749%, 10/25/2033 (P)   69,542    69,862 
Series 2003-9, Class 2A1,          
3.036%, 02/25/2034 (P)   13,664    13,306 
Series 2004-2, Class 22A,          
3.087%, 05/25/2034 (P)   154,447    148,685 
Series 2004-2, Class 23A,          
2.974%, 05/25/2034 (P)   63,107    58,128 
Series 2004-9, Class 22A1,          
3.271%, 11/25/2034 (P)   54,157    53,186 
Series 2005-12, Class 23A1,          
2.669%, 02/25/2036 (P)   666,343    557,607 
Series 2005-2, Class A1,          
3.090%, 03/25/2035 (P)   764,474    767,364 
Series 2005-2, Class A2,          
2.924%, 03/25/2035 (P)   647,996    652,955 
Bear Stearns Alt-A Trust          
Series 2005-7, Class 22A1,          
2.880%, 09/25/2035 (P)   847,207    727,202 
Series 2005-9, Class 24A1,          
3.013%, 11/25/2035 (P)   619,884    506,327 

 

Global Bond Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
United States (continued)          
Bear Stearns Structured          
Products, Inc. Trust, Series 2007-R6,          
Class 1A1          
2.774%, 01/26/2036 (P)  $1,528,122   $1,216,593 
Citigroup Mortgage Loan Trust, Inc.          
Series 2005-6, Class A1,          
2.430%, 09/25/2035 (P)   238,660    244,449 
Series 2005-7, Class 1A2,          
2.520%, 09/25/2035 (P)   1,503,387    1,288,777 
Countrywide Alternative Loan Trust          
Series 2005-21CB, Class A3,          
5.250%, 06/25/2035   124,686    114,290 
Series 2005-56, Class 2A2,          
0.494%, 11/25/2035 (P)   76,157    61,833 
Series 2005-56, Class 2A3,          
0.380%, 11/25/2035 (P)   91,326    71,656 
Series 2006-OA9, Class 2A1B,          
0.638%, 07/20/2046 (P)   375,552    185,298 
Series 2007-11T1, Class A12,          
0.796%, 05/25/2037 (P)   306,828    165,991 
Series 2007-16CB, Class 5A1,          
6.250%, 08/25/2037   141,195    124,417 
Series 2007-OA11, Class A1B,          
1.660%, 11/25/2047 (P)   1,948,563    1,359,929 
Series 2007-OA3, Class 1A1,          
0.579%, 04/25/2047 (P)   3,176,946    2,706,992 
Countrywide Home Loan Mortgage          
Pass Through Trust          
Series 2004-12, Class 11A1,          
2.832%, 08/25/2034 (P)   39,777    33,890 
Series 2004-22, Class A3,          
2.667%, 11/25/2034 (P)   160,705    151,946 
Series 2004-HYB5, Class 2A1,          
2.601%, 04/20/2035 (P)   44,601    44,268 
Series 2004-25, Class 1A1,          
1.106%, 02/25/2035 (P)   32,566    28,208 
Series 2004-25, Class 2A1,          
1.126%, 02/25/2035 (P)   50,815    44,589 
Series 2005-2, Class 2A1,          
1.086%, 03/25/2035 (P)   63,262    51,987 
Credit Suisse First Boston          
Mortgage Securities Corp.          
Series 2003-AR18, Class 2A3,          
2.569%, 07/25/2033 (P)   11,761    11,612 
Series 2003-AR20, Class 2A1,          
2.694%, 08/25/2033 (P)   148,661    147,768 
Series 2003-8, Class 5A1,          
6.500%, 04/25/2033   15,577    15,827 
DSLA Mortgage Loan Trust,          
Series 2006-AR2, Class 2AB3          
0.749%, 10/19/2036 (P)   1,391,781    694,677 
Federal Home Loan Mortgage Corp.          
Series 4579, Class FD,          
0.786%, 01/15/2038 (P)   1,293,586    1,287,243 
Series 4579, Class SD IO,          
1.926%, 01/15/2038   1,293,586    79,716 
Series T-62, Class 1A1,          
1.576%, 10/25/2044 (P)   1,056,742    1,078,542 
Federal National Mortgage Association          
Series 2002-W8, Class F,          
0.846%, 09/25/2032 (P)   2,052    2,052 

 

The accompanying notes are an integral part of the financial statements.

83

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Global Bond Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
United States (continued)          
Federal National Mortgage          
Association (continued)          
Series 2004-W2, Class 5AF,          
0.796%, 03/25/2044 (P)  $36,508   $36,484 
Series 2006-48, Class TF,          
0.846%, 06/25/2036 (P)   77,851    77,777 
Series 2009-104, Class FA,          
1.253%, 12/25/2039 (P)   548,602    555,382 
Series 2011-53, Class FT,          
1.026%, 06/25/2041 (P)   2,305,993    2,320,240 
Series 2013-130, Class FB,          
0.896%, 01/25/2044 (P)   391,963    391,476 
First Horizon Mortgage Pass          
Through Trust, Series 2005-AR3,          
Class 2A1          
2.758%, 08/25/2035 (P)   75,830    65,740 
First Republic Mortgage Loan Trust,          
Series 2001-FRB1, Class A          
0.784%, 11/15/2031 (P)   39,706    38,047 
GMACM Mortgage Corp. Loan Trust,          
Series 2004-AR1, Class 22A          
3.411%, 06/25/2034 (P)   18,237    17,792 
Government National Mortgage          
Association, Series 2004-68, Class ZC          
6.000%, 08/20/2034   1,921,482    2,209,191 
GreenPoint Mortgage Funding Trust,          
Series 2006-OH1, Class A1          
0.626%, 01/25/2037 (P)   238,510    192,646 
GreenPoint Mortgage Pass-Through          
Certificates, Series 2003-1, Class A1          
3.135%, 10/25/2033 (P)   12,735    12,545 
GS Mortgage Securities Corp. II,          
Series 2012-GCJ9, Class XA IO          
2.306%, 11/10/2045   4,226,311    353,674 
GSR Mortgage Loan Trust, Series 2003-1,          
Class A2          
2.220%, 03/25/2033 (P)   49,805    48,987 
HarborView Mortgage Loan Trust          
Series 2003-1, Class A,          
2.868%, 05/19/2033 (P)   105,556    103,341 
Series 2005-4, Class 3A1,          
3.034%, 07/19/2035 (P)   41,261    36,248 
IndyMac Index Mortgage Loan Trust,          
Series 2004-AR11, Class 2A          
2.790%, 12/25/2034 (P)   62,317    58,646 
JPMorgan Alternative Loan Trust          
Series 2006-A5, Class 1A4,          
0.686%, 10/25/2036 (P)   3,948,929    3,285,842 
Series 2006-A6, Class 2A1,          
5.500%, 11/25/2036 (P)   3,167    2,193 
JPMorgan Mortgage Trust          
Series 2003-A2, Class 3A1,          
2.468%, 11/25/2033 (P)   59,937    56,814 
Series 2006-S2, Class 1A3,          
5.500%, 07/25/2036   355,918    323,951 
Series 2007-A1, Class 5A6,          
2.826%, 07/25/2035 (P)   283,629    258,041 
Series 2007-A1, Class 5A5,          
2.826%, 07/25/2035 (P)   311,992    312,032 
MASTR Adjustable Rate Mortgages Trust,          
Series 2007-HF1, Class A1          
0.686%, 05/25/2037 (P)   280,143    168,668 

 

Global Bond Trust (continued)

 

           
    Shares or      
    Principal      
    Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
United States (continued)          
Merrill Lynch Mortgage Investors Trust          
Series 2003-A2, Class 1A1,          
2.350%, 02/25/2033 (P)  $109,319   $104,622 
Series 2005-2, Class 1A,          
1.904%, 10/25/2035 (P)   418,185    403,321 
Series 2005-3, Class 4A,          
0.696%, 11/25/2035 (P)   416,414    389,416 
Series 2005-A10, Class A,          
0.656%, 02/25/2036 (P)   2,835,669    2,575,623 
Series 2005-A8, Class A3A2,          
0.696%, 08/25/2036 (P)   5,825    5,819 
Merrill Lynch/Countrywide Commercial          
Mortgage Trust, Series 2007-8,          
Class A3          
5.875%, 08/12/2049 (P)   3,112,890    3,180,777 
MRFC Mortgage Pass Through Trust,          
Series 2000-TBC3, Class A1          
0.874%, 12/15/2030 (P)   26,717    25,409 
NCUA Guaranteed Notes Trust          
Series 2010-R1, Class 1A,          
0.886%, 10/07/2020 (P)   1,769,294    1,772,738 
Series 2010-R2, Class 1A,          
0.806%, 11/06/2017 (P)   3,819,504    3,820,221 
Residential Accredit Loans Trust          
Series 2006-QA2, Class 2A1,          
4.337%, 02/25/2036 (P)   541,686    431,433 
Series 2006-QO6, Class A1,          
0.626%, 06/25/2046 (P)   1,709,953    744,724 
Series 2007-QH4, Class A2,          
0.676%, 05/25/2037 (P)   203,873    49,963 
Series 2007-QO2, Class A1,          
0.596%, 02/25/2047 (P)   485,499    276,317 
Residential Asset Securitization Trust          
Series 2005-A15, Class 3A1,          
5.750%, 02/25/2036   1,985,607    1,770,649 
Series 2006-R1, Class A2,          
0.846%, 01/25/2046 (P)   454,449    213,444 
Residential Funding Mortgage          
Securities Trust, Series 2005-SA4,          
Class 1A21          
3.137%, 09/25/2035 (P)   127,651    100,750 
Sequoia Mortgage Trust          
Series 5, Class A,          
1.139%, 10/19/2026 (P)   16,058    15,622 
Series 2003-4, Class 2A1,          
0.788%, 07/20/2033 (P)   95,667    89,271 
Sovereign Commercial Mortgage          
Securities Trust, Series 2007-C1,          
Class D          
6.043%, 07/22/2030 (P) (S)   450,638    449,135 
Structured Adjustable Rate          
Mortgage Loan Trust          
Series 2004-1, Class 4A1,          
2.758%, 02/25/2034 (P)   101,125    100,700 
Series 2004-12, Class 7A1,          
2.838%, 09/25/2034 (P)   198,878    197,459 
Series 2004-4, Class 3A2,          
2.896%, 04/25/2034 (P)   192,031    190,591 
Series 2005-18, Class 6A1,          
2.784%, 09/25/2035 (P)   232,334    204,694 

 

The accompanying notes are an integral part of the financial statements.

84

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Global Bond Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
United States (continued)          
Structured Asset          
Mortgage Investments, Inc.          
Series 2006-AR5, Class 1A1,          
0.656%, 05/25/2046 (P)  $495,588   $381,671 
Series 2004-AR3, Class 1A2,          
1.019%, 07/19/2034 (P)   44,731    43,931 
Thornburg Mortgage Securities Trust          
Series 2003-5, Class 1A,          
2.307%, 10/25/2043 (P)   572,344    556,325 
Series 2007-2, Class A1,          
1.696%, 06/25/2037 (P)   776,076    696,564 
Series 2007-2, Class A2A,          
0.576%, 06/25/2037 (P)   596,063    559,926 
Series 2007-2, Class A3A,          
5.750%, 06/25/2037 (P)   801,420    769,478 
Series 2007-3, Class 2A1,          
2.487%, 06/25/2047 (P)   170,345    152,643 
Series 2007-3, Class 3A1,          
2.487%, 06/25/2047 (P)   326,100    290,275 
Series 2007-3, Class 4A1,          
5.750%, 06/25/2047 (P)   276,520    250,558 
WaMu Mortgage Pass-          
Through Certificates          
Series 2002-AR17, Class 1A,          
1.610%, 11/25/2042 (P)   229,596    211,972 
Series 2002-AR2, Class A,          
1.928%, 02/27/2034 (P)   39,372    38,495 
Series 2003-AR5, Class A7,          
2.815%, 06/25/2033 (P)   59,005    59,516 
Series 2005-AR2, Class 2A1A,          
0.756%, 01/25/2045 (P)   40,198    38,441 
Series 2006-AR5, Class 3A,          
1.350%, 07/25/2046 (P)   280,326    186,635 
WFRBS Commercial Mortgage Trust,          
Series 2013-C11, Class XA IO          
1.457%, 03/15/2045 (S)   10,971,873    593,282 
         50,288,277 
TOTAL COLLATERALIZED MORTGAGE          
OBLIGATIONS (Cost $73,962,478)       $69,451,404 
           
ASSET BACKED SECURITIES - 5.0%          
Cayman Islands - 0.0%          
CIFC Funding, Ltd., Series 2007-1A,          
Class A1l          
0.890%, 05/10/2021 (P) (S)   111,739    111,493 
Ireland - 0.0%          
Mercator CLO II PLC, Series A, Class A1          
Zero Coupon 02/18/2024 (P) (S)  EUR 55,651    62,410 
Luxembourg - 0.0%          
Penta CLO SA, Series 2007-1X, Class A1          
0.172%, 06/04/2024 (P)   196,071    219,554 
Netherlands - 0.6%          
Halcyon Structured Asset Management          
European CLO, Series 2006-IIA,          
Class A1          
0.175%, 01/25/2023 (P) (S)   31,804    35,723 
Highlander Euro CDO III BV,          
Series 2007-3A, Class A          
0.068%, 05/01/2023 (P) (S)   712,426    794,501 

 

Global Bond Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
ASSET BACKED SECURITIES (continued)          
Netherlands (continued)          
Panther CDO V BV, Series 2015-A,          
Class A1          
0.148%, 10/15/2084 (P) (S)  EUR 346,041    $383,860 
Wood Street CLO II BV, Series II-A,          
Class C          
0.467%, 03/29/2021 (P) (S)   750,000    836,806 
Wood Street CLO IV BV, Series IV-A,          
Class C          
0.467%, 09/25/2022 (P) (S)   1,300,000    1,431,268 
         3,482,158 
United States - 4.4%          
ACE Securities Corp. Home Equity          
Loan Trust, Series 2005-A, Class M1          
1.126%, 09/25/2035 (P)  $1,738,301    1,423,585 
Amortizing Residential Collateral Trust,          
Series 2002-BC4, Class A          
1.026%, 07/25/2032 (P)   6,344    5,995 
Amresco Residential Securities Corp.          
Mortgage Loan Trust, Series 1999-1,          
Class A          
1.386%, 06/25/2029 (P)   27,650    25,985 
Countrywide Asset-Backed Certificates          
Series 2006.22, Class 1A,          
0.586%, 05/25/2047 (P)   1,674,528    1,290,988 
Series 2007-BC2, Class 1A,          
0.646%, 06/25/2037 (P)   2,916,098    2,193,064 
Series 2007-6, Class 2A3,          
0.666%, 09/25/2037 (P)   2,503,369    2,071,888 
CWABS Asset-Backed Certificates Trust,          
Series 2005-4CWL, Class MV5          
1.109%, 10/25/2035 (P)   2,100,000    1,869,507 
First Alliance Mortgage Loan Trust,          
Series 1997-4, Class A3          
0.898%, 12/20/2027 (P)   1,567    1,556 
Home Equity Asset Trust, Series 2002-1,          
Class A4          
1.046%, 11/25/2032 (P)   1,283    1,113 
HSI Asset Securitization Corp. Trust,          
Series 2007-HE2, Class 2A3          
0.706%, 04/25/2037 (P)   2,385,906    1,392,923 
Mastr Asset Backed Securities Trust,          
Series 2006-WMC3, Class A5          
0.686%, 08/25/2036 (P)   5,732,004    2,757,691 
Morgan Stanley ABS Capital I, Inc. Trust          
Series 2006-HE6, Class A2B,          
0.546%, 09/25/2036 (P)   1,285,192    634,681 
Series 2007-NC3, Class A2B,          
0.586%, 05/25/2037 (P)   2,695,702    1,883,430 
Series 2006-HE4, Class A4,          
0.686%, 06/25/2036 (P)   2,244,209    1,481,103 
Novastar Mortgage Funding Trust,          
Series 2007-1, Class A1A          
0.576%, 03/25/2037 (P)   2,360,767    1,539,758 
RAMP Series Trust, Series 2006-NC2,          
Class M1          
0.806%, 02/25/2036 (P)   2,400,000    1,730,872 
Renaissance Home Equity Loan Trust          
Series 2002-3, Class M2,          
2.996%, 12/25/2032 (P)   468,558    441,544 
Series 2006-3, Class AF6,          
5.731%, 11/25/2036   2,754,312    1,604,054 

 

The accompanying notes are an integral part of the financial statements.

85

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Global Bond Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
ASSET BACKED SECURITIES (continued)          
United States (continued)          
Residential Asset Mortgage          
Products, Inc. Trust, Series 2002-RS3          
0.999%, 06/25/2032 (P)  $10,356   $9,762 
Residential Asset Securities Corp. Trust,          
Series 2002-KS4, Class AIIB          
0.946%, 07/25/2032 (P)   23,651    21,186 
Securitized Asset Backed          
Receivables LLC Trust,          
Series 2007-NC1, Class A2A          
0.496%, 12/25/2036 (P)   50,926    27,679 
Small Business Administration          
Participation Certificates,          
Series 2000-20K, Class 1          
7.220%, 11/01/2020   13,198    13,903 
Structured Asset Investment Loan Trust,          
Series 2006-4, Class A2          
0.576%, 07/25/2036 (P)   2,015,578    1,434,346 
WaMu Asset-Backed Certificates,          
Series 2007-HE2, Class 2A4          
0.806%, 04/25/2037 (P)   7,380,634    3,654,995 
         27,511,608 
TOTAL ASSET BACKED SECURITIES (Cost $32,033,403)       $31,387,223 
           
COMMON STOCKS - 0.0%          
United States - 0.0%          
Rescap Liquidating Trust (I)   5,054    49,529 
TOTAL COMMON STOCKS (Cost $15,920)       $49,529 
           
PREFERRED SECURITIES - 0.0%          
United States - 0.0%          
Navient Corp., 3.056%   9,800   $242,550 
TOTAL PREFERRED SECURITIES (Cost $110,250)       $242,550 
           
ESCROW SHARES - 0.1%          
United States - 0.1%          
Lehman Brothers Holdings, Inc.          
5.460%, 12/30/2016 (I)   4,100,000    311,600 
5.625%, 01/24/2049 (I)   4,500,000    339,750 
6.875%, 05/02/2018 (I)   2,100,000    161,280 
         812,630 
TOTAL ESCROW SHARES (Cost $0)       $812,630 
           
PURCHASED OPTIONS - 0.0%          
Call options - 0.0%          
Exchange Traded Option on Euro BUND          
Futures (Expiration Date: 11/25/2016;          
Strike Price: $174.00) (I)   3,700,000    1,247 
Exchange Traded Option on U.S. Treasury          
Bond Futures (Expiration Date:          
11/25/2016; Strike Price: $215.00) (I)   50,000    50 
         1,297 
Put options - 0.0%          
Exchange Traded Option on 10 Year          
U.S. Treasury Note Futures (Expiration          
Date: 11/25/2016; Strike          
Price: $114.00) (I)   1,306,000    1,306 
Exchange Traded Option on 5 Year          
U.S. Treasury Note Futures (Expiration          
Date: 11/23/2016; Strike          
Price: $108.00) (I)   200,000    1,563 

 

Global Bond Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
PURCHASED OPTIONS (continued)          
Put options (continued)          
Exchange Traded Option on 5 Year          
U.S. Treasury Note Futures (Expiration          
Date: 11/23/2016; Strike          
Price: $109.50) (I)   300,000   $2,344 
Exchange Traded Option on 5 Year          
U.S. Treasury Note Futures (Expiration          
Date: 11/25/2016; Strike          
Price: $112.00) (I)   227,000    227 
Exchange Traded Option on Euro BOBL          
Futures (Expiration date: 11/25/2016;          
Strike Price: $128.00) (I)   6,600,000    371 
Exchange Traded Option on S&P/TSX          
Inflation Indexed Futures (Expiration          
Date: 11/25/2016; Strike          
Price: $111.40) (I)   22,400,000    1,258 
Exchange Traded Option on U.S. Ultra          
Bond (Expiration Date: 11/25/2016;          
Strike Price: $130.00) (I)   243,000    243 
Over the Counter Option on 1 Year          
Interest Rate Swap. Receive a fixed rate          
of 1.100% and pay a floating rate based          
on 6-month LIBOR (Expiration Date:          
01/09/2017; Strike Rate: 1.100%;          
Counterparty: Goldman Sachs          
and Company) (I)   113,600,000    50,438 
Over the Counter Option on 1 Year          
Interest Rate Swap. Receive a fixed rate          
of 1.250% and pay a floating rate based          
on 3-month LIBOR (Expiration Date:          
12/27/2016; Strike Rate: 1.250%;          
Counterparty: Citibank N.A.) (I)   205,400,000    25,059 
Over the Counter Option on 10 Year          
Interest Rate Swap. Receive a fixed rate          
of 0.400% and pay a floating rate based          
on 6-month JPY LIBOR (Expiration          
Date: 03/03/2017; Strike Rate: 0.400%;          
Counterparty: JPMorgan          
Chase Bank) (I)   160,000,000    1,824 
Over the Counter Option on Federal          
National Mortgage Association, 3.000%          
due 10/01/2046 (Expiration Date:          
10/06/2016; Strike Price: $80.00;          
Counterparty: Credit Suisse          
Securities LLC) (I)   37,000,000    0 
Over the Counter Option on Federal          
National Mortgage Association, 3.000%          
due 11/01/2046 (Expiration Date:          
11/07/2016; Strike Price: $74.00;          
Counterparty: JPMorgan          
Chase Bank) (I)   10,000,000    0 
Over the Counter Option on Federal          
National Mortgage Association, 3.500%          
due 10/01/2046 (Expiration Date:          
10/06/2016; Strike Price: $80.00;          
Counterparty: Credit Suisse          
Securities LLC) (I)   27,000,000    0 
Over the Counter Option on the EUR vs.          
USD (Expiration Date: 10/27/2016;          
Strike Price: EUR 1.02; Counterparty:          
JPMorgan Chase Bank) (I)   25,000,000    28 

 

The accompanying notes are an integral part of the financial statements.

86

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (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 Option on the GBP vs.          
USD (Expiration Date: 10/10/2016;          
Strike Price: GBP 1.25; Counterparty:          
Standard Chartered Bank, London) (I)   3,100,000   $269 
Over the Counter Option on the USD vs.          
JPY (Expiration Date: 10/19/2016;          
Strike Price: $ 97.00; Counterparty:          
Citibank N.A.) (I)   6,196,000    4,839 
Over the Counter Option on the USD vs.          
JPY (Expiration Date: 10/20/2016;          
Strike Price: $ 96.65; Counterparty:          
Standard Chartered Bank, London) (I)   3,476,000    2,482 
Over the Counter Option on the USD vs.          
JPY (Expiration Date: 11/10/2016;          
Strike Price: $ 93.15; Counterparty:          
HSBC Bank) (I)   6,300,000    7,900 
         100,151 
TOTAL PURCHASED OPTIONS (Cost $254,651)       $101,448 
           
SHORT-TERM INVESTMENTS - 28.3%          
Commercial paper - 0.9%          
Barclays US Funding Corp.          
1.641%, 09/08/2017*  $1,600,000   $1,600,000 
Natixis SA          
1.547%, 09/25/2017*   3,800,000    3,800,000 
Sumitomo Mitsui Financial Group, Inc.          
1.550%, 09/15/2017*   200,000    200,000 
         5,600,000 
Foreign government - 26.9%          
Federative Republic of Brazil          
9.146%, 07/01/2017*  BRL 49,700,000    13,969,579 
Japan Treasury Discount Bill, 0.000%          
10/11/2016 *  JPY 2,580,000,000    25,443,525 
10/17/2016 *   1,290,000,000    12,721,470 
10/24/2016 *   1,280,000,000    12,623,674 
10/31/2016 *   1,280,000,000    12,624,835 
11/21/2016 *   1,260,000,000    12,429,498 
12/05/2016 *   940,000,000    9,273,607 
12/12/2016 *   6,290,000,000    62,057,591 
02/10/2017 *   650,000,000    6,416,299 
         167,560,078 
U.S. Government - 0.5%          
U.S. Treasury Bill          
0.465%, 03/09/2017 (D) *  $2,631,000    2,626,467 
0.475%, 03/02/2017 (D) *   447,000    446,321 
0.505%, 03/16/2017 (D) *   32,000    31,940 
         3,104,728 
TOTAL SHORT-TERM INVESTMENTS (Cost $174,267,188)        $176,264,806 
Total Investments (Global Bond Trust)          
(Cost $792,737,272) - 130.1%       $809,952,097 
Other assets and liabilities, net - (30.1%)        (187,612,340)
TOTAL NET ASSETS - 100.0%       $622,339,757 
SALE COMMITMENTS OUTSTANDING - (3.5)%          
U.S. Government Agency - (3.5)%          
Federal National Mortgage Association          
3.000%, TBA (C)   (10,000,000)   (10,396,090)
4.500%, TBA (C)   (5,000,000)   (5,469,163)

 

Global Bond Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value
SALE COMMITMENTS OUTSTANDING (continued)          
U.S. Government Agency (continued)          
Federal National Mortgage          
Association (continued)          
4.500%, TBA (C)   (5,500,000)  $(6,023,331)
TOTAL SALE COMMITMENTS          
OUTSTANDING (Cost $(21,827,617))       $(21,888,584)

 

Global Trust

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS - 96.4%          
Brazil - 0.6%          
Petroleo Brasileiro SA, ADR (I)   418,000   $3,473,580 
China - 1.7%          
China Life Insurance Company, Ltd., H Shares   2,434,530    6,378,869 
China Telecom Corp., Ltd., ADR   63,840    3,258,394 
         9,637,263 
Denmark - 0.2%          
FLSmidth & Company A/S (L)   29,944    1,126,602 
France - 6.3%          
AXA SA   191,305    4,067,582 
BNP Paribas SA   169,028    8,693,761 
Cie Generale des Etablissements Michelin   50,037    5,540,880 
Credit Agricole SA   703,958    6,943,811 
Sanofi   90,604    6,899,615 
TOTAL SA   86,096    4,094,797 
         36,240,446 
Germany - 5.0%          
Deutsche Lufthansa AG   766,636    8,546,773 
Merck KGaA   59,022    6,366,435 
METRO AG   192,410    5,727,262 
Siemens AG   69,039    8,095,577 
         28,736,047 
Hong Kong - 1.4%          
China Mobile, Ltd.   224,500    2,757,841 
Kunlun Energy Company, Ltd.   6,808,940    5,263,460 
         8,021,301 
India - 0.8%          
Hero MotoCorp, Ltd.   86,910    4,468,339 
Ireland - 2.2%          
CRH PLC (I)   231,947    7,702,073 
Medtronic PLC   55,080    4,758,912 
         12,460,985 
Israel - 2.4%          
Teva Pharmaceutical Industries, Ltd., ADR   301,490    13,871,555 
Italy - 2.0%          
Eni SpA   458,432    6,606,174 
UniCredit SpA   1,994,302    4,648,570 
         11,254,744 
Japan - 5.0%          
Konica Minolta, Inc.   384,810    3,258,692 
Nissan Motor Company, Ltd.   648,750    6,363,508 
Panasonic Corp.   427,070    4,271,366 
SoftBank Group Corp.   129,100    8,366,791 

 

The accompanying notes are an integral part of the financial statements.

87

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Global Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Japan (continued)          
Toshiba Corp. (I)   1,949,290   $6,497,766 
         28,758,123 
Netherlands - 6.4%          
Aegon NV   1,606,946    6,129,604 
Akzo Nobel NV   81,497    5,512,479 
ING Groep NV (I)   544,406    6,721,062 
QIAGEN NV (I)   149,915    4,133,658 
Royal Dutch Shell PLC, A Shares   9,239    229,846 
Royal Dutch Shell PLC, B Shares   539,515    13,987,226 
         36,713,875 
Portugal - 1.0%          
Galp Energia SGPS SA   418,106    5,712,151 
Russia - 1.1%          
MMC Norilsk Nickel PJSC, ADR   369,849    5,936,076 
Singapore - 1.7%          
DBS Group Holdings, Ltd.   507,510    5,758,641 
Singapore Telecommunications, Ltd.   1,411,890    4,127,522 
         9,886,163 
South Korea - 7.1%          
Hyundai Motor Company   70,890    8,760,702 
KB Financial Group, Inc., ADR (L)   237,588    8,127,885 
Samsung Electronics Company, Ltd.   16,290    23,730,659 
         40,619,246 
Spain - 1.1%          
Telefonica SA   641,194    6,484,457 
Sweden - 2.3%          
Getinge AB, B Shares   361,144    7,001,140 
Telefonaktiebolaget LM Ericsson, B Shares   839,157    6,058,952 
         13,060,092 
Switzerland - 4.3%          
Credit Suisse Group AG (I)   474,695    6,238,743 
Glencore PLC (I)   2,984,440    8,171,872 
Roche Holding AG   30,212    7,507,640 
UBS Group AG   187,620    2,562,975 
         24,481,230 
Thailand - 0.3%          
Bangkok Bank PCL, NVDR   294,700    1,387,330 
Turkey - 0.9%          
Turkcell Iletisim Hizmetleri AS, ADR (I)(L)   642,220    5,176,293 
United Kingdom - 10.1%          
BAE Systems PLC   779,294    5,293,925 
Barclays PLC   2,382,260    5,164,762 
BP PLC   1,596,648    9,306,392 
HSBC Holdings PLC   1,156,439    8,653,322 
Kingfisher PLC   357,235    1,742,962 
Michael Kors Holdings, Ltd. (I)   53,330    2,495,311 
Serco Group PLC (I)   1,898,002    3,212,262 
Sky PLC   422,559    4,897,479 
Standard Chartered PLC (I)   1,175,024    9,562,009 
Tesco PLC (I)   1,831,194    4,337,073 
Vodafone Group PLC   1,059,445    3,038,393 
         57,703,890 
United States - 32.5%          
Allergan PLC (I)   36,018    8,295,306 
Alphabet, Inc., Class A (I)   10,120    8,137,083 
American International Group, Inc.   138,550    8,221,557 
Amgen, Inc.   77,850    12,986,159 

 

Global Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value
COMMON STOCKS (continued)          
United States (continued)          
Apache Corp.   119,940   $7,660,568 
Apple, Inc.   55,730    6,300,277 
Baker Hughes, Inc.   79,670    4,020,945 
Capital One Financial Corp.   119,100    8,554,953 
Celgene Corp. (I)   13,640    1,425,789 
Cisco Systems, Inc.   287,740    9,127,113 
Citigroup, Inc.   309,860    14,634,688 
Comcast Corp., Class A   133,180    8,835,161 
Eli Lilly & Company   72,810    5,843,731 
Gilead Sciences, Inc.   71,410    5,649,959 
Halliburton Company   130,640    5,863,123 
Hewlett Packard Enterprise Company   269,280    6,126,120 
JPMorgan Chase & Co.   168,960    11,251,046 
Microsoft Corp.   188,380    10,850,688 
Morgan Stanley   146,230    4,688,134 
Navistar International Corp. (I)(L)   227,630    5,210,451 
NetScout Systems, Inc. (I)   1,000    29,250 
Oracle Corp.   256,910    10,091,425 
SunTrust Banks, Inc.   194,480    8,518,224 
Tiffany & Company   20,950    1,521,599 
Twenty-First Century Fox, Inc., Class A   249,780    6,049,672 
United Parcel Service, Inc., Class B   55,610    6,081,510 
         185,974,531 
TOTAL COMMON STOCKS (Cost $555,648,644)       $551,184,319 
           
CORPORATE BONDS - 1.1%          
United States - 1.1%          
Chesapeake Energy Corp.          
8.000%, 12/15/2022 (S)  $6,247,000   $6,325,088 
TOTAL CORPORATE BONDS (Cost $5,838,883)       $6,325,088 
           
SECURITIES LENDING COLLATERAL - 1.8%          
John Hancock          
Collateral Trust, 0.6548% (W)(Y)   1,059,128    10,598,266 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $10,598,369)       $10,598,266 
           
SHORT-TERM INVESTMENTS - 2.3%          
U.S. Government Agency - 2.3%          
Federal Agricultural Mortgage Corp. Discount          
Note          
0.200%, 10/03/2016*  $10,900,000   $10,900,000 
Federal Home Loan Bank Discount Note          
0.100%, 10/03/2016*   2,300,000    2,300,000 
         13,200,000 
TOTAL SHORT-TERM INVESTMENTS (Cost $13,199,866)       $13,200,000 
Total Investments (Global Trust) (Cost $585,285,762) - 101.6%       $581,307,673 
Other assets and liabilities, net - (1.6%)        (9,433,232)
TOTAL NET ASSETS - 100.0%       $571,874,441 

 

The accompanying notes are an integral part of the financial statements.

88

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Health Sciences Trust

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS - 98.5%          
Consumer discretionary - 0.1%          
Specialty retail - 0.1%          
Jand, Inc., Class A (I)(R)   14,867   $161,902 
Consumer staples - 2.0%          
Food and staples retailing - 2.0%          
CVS Health Corp.   10,987    977,733 
Rite Aid Corp. (I)   14,890    114,504 
Walgreens Boots Alliance, Inc.   60,021    4,838,893 
         5,931,130 
Health care - 95.9%          
Biotechnology - 32.8%          
AbbVie, Inc.   49,916    3,148,202 
ACADIA Pharmaceuticals, Inc. (I)   59,183    1,882,611 
Acceleron Pharma, Inc. (I)   24,500    886,655 
Acerta Pharma BV, Class B (I)(R)   4,276,305    324,144 
Achillion Pharmaceuticals, Inc. (I)   36,400    294,840 
Acorda Therapeutics, Inc. (I)   11,000    229,680 
Advanced Accelerator          
Applications SA, ADR (I)   22,264    847,813 
Agios Pharmaceuticals, Inc. (I)   10,200    538,764 
Aimmune Therapeutics, Inc. (I)   14,986    224,790 
Alder Biopharmaceuticals, Inc. (I)   5,500    180,235 
Alexion Pharmaceuticals, Inc. (I)   64,120    7,857,265 
Alkermes PLC (I)   51,800    2,436,154 
Alnylam Pharmaceuticals, Inc. (I)   20,000    1,355,600 
Amgen, Inc.   4,600    767,326 
Amicus Therapeutics, Inc. (I)   59,062    437,059 
Aquinox Pharmaceuticals, Inc. (I)   33,445    446,825 
Ardelyx, Inc. (I)   20,200    261,388 
ARIAD Pharmaceuticals, Inc. (I)   44,890    614,544 
Array BioPharma, Inc. (I)   359    2,423 
Audentes Therapeutics, Inc. (I)   5,100    90,831 
Audentes Therapeutics, Inc. (I)   7,008    119,258 
Avexis, Inc. (I)   14,920    614,853 
Axovant Sciences, Ltd. (I)   35,427    495,979 
BeiGene, Ltd., ADR (I)   11,936    367,748 
Bellicum Pharmaceuticals, Inc. (I)   15,652    311,475 
Biogen, Inc. (I)   20,007    6,262,791 
BioMarin Pharmaceutical, Inc. (I)   16,800    1,554,336 
Bluebird Bio, Inc. (I)   27,472    1,862,052 
Blueprint Medicines Corp. (I)   4,600    136,620 
Celgene Corp. (I)   32,532    3,400,570 
Clovis Oncology, Inc. (I)   14,300    515,515 
Coherus Biosciences, Inc. (I)   15,342    410,859 
CoLucid Pharmaceuticals, Inc. (I)   21,267    811,336 
Corvus Pharmaceuticals, Inc. (I)   10,702    176,048 
DBV Technologies SA, ADR (I)   3,500    127,155 
Dyax Corp. (I)   62,700    153,615 
Editas Medicine, Inc. (I)   14,934    201,310 
Exelixis, Inc. (I)   101,458    1,297,648 
FibroGen, Inc. (I)   13,100    271,170 
Gilead Sciences, Inc.   83,800    6,630,256 
Incyte Corp. (I)   60,900    5,742,261 
Inotek Pharmaceuticals Corp. (I)   19,400    183,912 
Insmed, Inc. (I)   101,000    1,466,520 
Intercept Pharmaceuticals, Inc. (I)   1,900    312,721 
Ironwood Pharmaceuticals, Inc. (I)   102,241    1,623,587 
Kite Pharma, Inc. (I)   6,354    354,934 
Ligand Pharmaceuticals, Inc. (I)   4,400    449,064 
Lion Biotechnologies, Inc. (I)   10,212    84,045 
Medgenics, Inc. (I)   16,200    90,234 
Merus BV (I)   8,300    139,025 

 

Health Sciences Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Biotechnology (continued)          
Minerva Neurosciences, Inc. (I)   12,764   $180,164 
Neurocrine Biosciences, Inc. (I)   80,300    4,066,392 
Ophthotech Corp. (I)   20,955    966,654 
Otonomy, Inc. (I)   8,100    147,339 
Proteostasis Therapeutics, Inc. (I)   4,400    68,596 
Prothena Corp. PLC (I)   41,548    2,491,634 
Puma Biotechnology, Inc. (I)   11,884    796,822 
Radius Health, Inc. (I)   12,600    681,534 
Regeneron Pharmaceuticals, Inc. (I)   14,400    5,789,088 
REGENXBIO, Inc. (I)   10,500    147,105 
Retrophin, Inc. (I)   12,200    273,036 
Sage Therapeutics, Inc. (I)   16,527    761,068 
Sarepta Therapeutics, Inc. (I)   9,700    595,677 
Seattle Genetics, Inc. (I)   13,000    702,130 
Seres Therapeutics, Inc. (I)   8,034    98,738 
Shire PLC, ADR   22,380    4,338,587 
Spark Therapeutics, Inc. (I)   29,083    1,746,725 
TESARO, Inc. (I)   53,143    5,327,054 
Ultragenyx Pharmaceutical, Inc. (I)   17,569    1,246,345 
Vertex Pharmaceuticals, Inc. (I)   63,408    5,529,812 
Xencor, Inc. (I)   16,600    406,534 
         95,355,080 
Health care equipment and supplies - 14.2%          
Abbott Laboratories   11,700    494,793 
Align Technology, Inc. (I)   7,800    731,250 
Becton, Dickinson and Company   63,022    11,326,944 
Danaher Corp.   20,100    1,575,639 
DENTSPLY SIRONA, Inc.   14,305    850,146 
DexCom, Inc. (I)   6,800    596,088 
Endologix, Inc. (I)   16,900    216,320 
GenMark Diagnostics, Inc. (I)   45,900    541,620 
Hologic, Inc. (I)   60,600    2,353,098 
Intuitive Surgical, Inc. (I)   10,000    7,248,300 
K2M Group Holdings, Inc. (I)   7,180    127,660 
Lantheus Holdings, Inc. (I)   70,267    581,811 
Medtronic PLC   32,593    2,816,035 
Nevro Corp. (I)   1,224    127,773 
Oxford Immunotec Global PLC (I)   7,700    96,712 
Stryker Corp.   40,300    4,691,323 
Teleflex, Inc.   5,700    957,885 
The Cooper Companies, Inc.   11,535    2,067,764 
West Pharmaceutical Services, Inc.   23,500    1,750,750 
Wright Medical Group NV (I)   76,662    1,880,519 
Zimmer Biomet Holdings, Inc.   1,200    156,024 
         41,188,454 
Health care providers and services - 26.7%          
Acadia Healthcare Company, Inc. (I)   42,400    2,100,920 
Adeptus Health, Inc., Class A (I)   10,537    453,618 
Aetna, Inc.   83,581    9,649,426 
Amsurg Corp. (I)   3,816    255,863 
Anthem, Inc.   37,700    4,724,187 
Centene Corp. (I)   71,108    4,761,392 
Cigna Corp.   63,000    8,210,160 
DaVita, Inc. (I)   59,100    3,904,737 
Diplomat Pharmacy, Inc. (I)   19,500    546,195 
Envision Healthcare Holdings, Inc. (I)   52,073    1,159,666 
HCA Holdings, Inc. (I)   74,407    5,627,401 
Henry Schein, Inc. (I)   14,400    2,346,912 
Humana, Inc.   50,831    8,991,496 
McKesson Corp.   38,500    6,419,875 
Team Health Holdings, Inc. (I)   14,300    465,608 
UnitedHealth Group, Inc.   90,200    12,628,000 

 

The accompanying notes are an integral part of the financial statements.

89

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Health Sciences Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Health care providers and services (continued)          
Universal American Corp.   20,700   $158,355 
Universal Health Services, Inc., Class B   30,850    3,801,337 
WellCare Health Plans, Inc. (I)   10,100    1,182,609 
         77,387,757 
Health care technology - 0.9%          
athenahealth, Inc. (I)   17,867    2,253,386 
HMS Holdings Corp. (I)   15,600    345,852 
         2,599,238 
Life sciences tools and services - 5.5%          
Agilent Technologies, Inc.   110,000    5,179,900 
Bruker Corp.   39,602    896,985 
Mettler-Toledo International, Inc. (I)   2,900    1,217,507 
Patheon NV (I)   4,194    124,268 
Thermo Fisher Scientific, Inc.   53,600    8,525,616 
         15,944,276 
Pharmaceuticals - 15.8%          
Allergan PLC (I)   43,040    9,912,542 
Astellas Pharma, Inc.   108,600    1,696,230 
AstraZeneca PLC, ADR   26,200    860,932 
Bristol-Myers Squibb Company   104,700    5,645,424 
Catalent, Inc. (I)   18,240    471,322 
Chugai Pharmaceutical Company, Ltd.   40,000    1,445,767 
Eli Lilly & Company   71,000    5,698,460 
Endo International PLC (I)   17,800    358,670 
GW Pharmaceuticals PLC, ADR (I)   6,593    875,089 
Intra-Cellular Therapies, Inc. (I)   6,600    100,584 
Mallinckrodt PLC (I)   80,096    5,589,099 
Merck & Company, Inc.   68,800    4,293,808 
Mylan NV (I)   7,300    278,276 
Natco Pharma, Ltd.   7,630    68,531 
Nektar Therapeutics (I)   8,400    144,312 
Pacira Pharmaceuticals, Inc. (I)   18,300    626,226 
Roche Holding AG   2,966    737,046 
RPI International Holdings LP (R)   3,056    360,309 
Sanofi   15,480    1,178,816 
Teva Pharmaceutical Industries, Ltd., ADR   63,500    2,921,635 
TherapeuticsMD, Inc. (I)   220,800    1,503,648 
WaVe Life Sciences, Ltd. (I)   2,900    94,163 
Zeneca, Inc. (I)   13,151    8,088 
Zoetis, Inc.   16,900    878,969 
         45,747,946 
         278,222,751 
Industrials - 0.5%          
Commercial services and supplies - 0.1%          
Healthcare Services Group, Inc.   6,619    261,980 
Machinery - 0.2%          
Fortive Corp.   10,050    511,545 
Professional services - 0.2%          
The Advisory Board Company (I)   13,100    586,094 
         1,359,619 
TOTAL COMMON STOCKS (Cost $245,191,679)     $285,675,402 
           
PREFERRED SECURITIES - 0.5%          
Consumer discretionary - 0.1%          
Specialty retail - 0.1%          
Jand, Inc., Series D (I)(R)   33,198    361,526 

 

Health Sciences Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value
PREFERRED SECURITIES (continued)          
Health care - 0.3%          
Biotechnology - 0.0%          
Ardelyx, Inc. (I)   3,128   $38,785 
Ovid Therapeutics, Inc., Series B (I)(R)   13,746    55,534 
Pharmaceuticals - 0.3%          
Allergan PLC, 5.500%   1,111    912,831 
         1,007,150 
Information technology - 0.1%          
Software - 0.1%          
Doximity, Inc. (I)(R)   31,611    152,390 
TOTAL PREFERRED SECURITIES (Cost $1,596,651)       $1,521,066 
           
CONVERTIBLE BONDS - 0.1%          
Health care - 0.1%          
Biotechnology - 0.1%          
Ironwood Pharmaceuticals, Inc.          
2.250%, 06/15/2022  $376,000   $448,145 
TOTAL CONVERTIBLE BONDS (Cost $376,000)       $448,145 
           
RIGHTS - 0.0%          
Wright Medical Group NV (Expiration          
Date: 01/02/2024) (I)(N)   3,500    4,550 
TOTAL RIGHTS (Cost $8,750)       $4,550 
           
SHORT-TERM INVESTMENTS - 1.0%          
Money market funds - 1.0%          
State Street Institutional U.S. Government          
Money Market Fund, Premier          
Class, 0.2692% (Y)   444,280   $444,280 
T. Rowe Price Prime Reserve          
Fund, 0.3208% (Y)   2,429,070    2,429,070 
TOTAL SHORT-TERM INVESTMENTS (Cost $2,873,350)       $2,873,350 
Total Investments (Health Sciences Trust)          
(Cost $250,046,430) - 100.1%       $290,522,513 
Other assets and liabilities, net - (0.1%)        (393,693)
TOTAL NET ASSETS - 100.0%       $290,128,820 

 

High Yield Trust

 

    Shares or      
    Principal      
    Amount    Value 
U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS - 1.0%          
U.S. Government - 1.0%          
U.S. Treasury Notes          
1.375%, 09/30/2020  $2,500,000   $2,529,785 
TOTAL U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS (Cost $2,497,131)       $2,529,785 
           
FOREIGN GOVERNMENT          
OBLIGATIONS - 0.6%          
Argentina - 0.3%          
Republic of Argentina          
6.875%, 04/22/2021 (S)   200,000    217,700 
7.500%, 04/22/2026 (S)   200,000    225,700 

 

The accompanying notes are an integral part of the financial statements.

90

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

High Yield Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
FOREIGN GOVERNMENT          
OBLIGATIONS (continued)          
Argentina (continued)          
Republic of Argentina (continued)          
7.625%, 04/22/2046 (S)  $200,000   $225,600 
         669,000 
Brazil - 0.2%          
Federative Republic of Brazil          
10.000%, 01/01/2017  BRL 1,936,000    604,876 
Mexico - 0.1%          
Government of Mexico          
6.500%, 06/09/2022  MXN 5,956,000    317,237 
TOTAL FOREIGN GOVERNMENT          
OBLIGATIONS (Cost $1,963,071)       $1,591,113 
           
CORPORATE BONDS - 86.4%          
Consumer discretionary - 20.8%          
Adient Global Holdings, Ltd.          
4.875%, 08/15/2026 (S)  $530,000    530,000 
Altice Financing SA          
6.625%, 02/15/2023 (S)   760,000    779,950 
7.500%, 05/15/2026 (S)   200,000    208,250 
American Axle & Manufacturing, Inc.          
6.250%, 03/15/2021   70,000    72,975 
Bossier Casino Venture Holdco, Inc., PIK          
14.000%, 02/09/2018 (S)   713,233    720,362 
Boyd Gaming Corp.          
6.375%, 04/01/2026 (S)   270,000    289,575 
Brinker International, Inc.          
5.000%, 10/01/2024 (S)   380,000    385,204 
Caesars Entertainment          
Resort Properties LLC          
8.000%, 10/01/2020   740,000    764,975 
11.000%, 10/01/2021   750,000    807,188 
CalAtlantic Group, Inc.          
5.250%, 06/01/2026   670,000    670,401 
Carmike Cinemas, Inc.          
6.000%, 06/15/2023 (S)   330,000    343,200 
Carrols Restaurant Group, Inc.          
8.000%, 05/01/2022   590,000    637,938 
CCO Holdings LLC          
5.750%, 02/15/2023 (S)   1,260,000    1,335,600 
CEC Entertainment, Inc.          
8.000%, 02/15/2022   310,000    308,838 
Cengage Learning, Inc.          
9.500%, 06/15/2024 (S)   540,000    548,100 
Charter Communications Operating LLC          
4.908%, 07/23/2025 (S)   1,550,000    1,711,171 
6.484%, 10/23/2045 (S)   450,000    545,394 
CSC Holdings LLC          
6.625%, 10/15/2025 (S)   720,000    781,200 
10.125%, 01/15/2023 (S)   355,000    409,581 
10.875%, 10/15/2025 (S)   290,000    339,300 
CTP Transportation Products LLC          
8.250%, 12/15/2019 (S)   540,000    422,550 
DISH DBS Corp.          
5.875%, 07/15/2022 to 11/15/2024   2,050,000    2,050,725 
7.750%, 07/01/2026 (S)   830,000    881,875 
Dollar Tree, Inc.          
5.750%, 03/01/2023   550,000    591,938 
Downstream Development Authority of          
the Quapaw Tribe of Oklahoma          
10.500%, 07/01/2019 (S)   360,000    363,600 

 

High Yield Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Consumer discretionary (continued)          
ESH Hospitality, Inc.          
5.250%, 05/01/2025 (S)  $770,000   $769,038 
Fontainebleau Las Vegas Holdings LLC          
10.250%, 06/15/2015 (H)(S)   3,600,425    360 
GameStop Corp.          
5.500%, 10/01/2019 (L)(S)   530,000    541,263 
6.750%, 03/15/2021 (S)   510,000    526,575 
General Motors Company          
6.600%, 04/01/2036   140,000    168,745 
6.750%, 04/01/2046   60,000    75,386 
Gibson Brands, Inc.          
8.875%, 08/01/2018 (S)   990,000    737,550 
GLP Capital LP          
5.375%, 04/15/2026   670,000    720,250 
Gray Television, Inc.          
5.875%, 07/15/2026 (S)   200,000    201,500 
Greektown Holdings LLC          
8.875%, 03/15/2019 (S)   330,000    348,975 
Guitar Center, Inc.          
6.500%, 04/15/2019 (S)   440,000    387,200 
9.625%, 04/15/2020 (S)   1,140,000    842,175 
Hanesbrands, Inc.          
4.625%, 05/15/2024 (S)   200,000    205,250 
4.875%, 05/15/2026 (S)   180,000    184,050 
Hilton Worldwide Finance LLC          
5.625%, 10/15/2021   200,000    206,000 
iHeartCommunications, Inc., PIK          
14.000%, 02/01/2021   868,398    338,675 
IHO Verwaltungs GmbH, PIK          
4.125%, 09/15/2021 (S)   260,000    262,600 
4.750%, 09/15/2026 (S)   250,000    251,250 
L Brands, Inc.          
6.875%, 11/01/2035   710,000    773,900 
Lamar Media Corp.          
5.750%, 02/01/2026   140,000    150,850 
Landry’s, Inc.          
6.750%, 10/15/2024 (S)   900,000    915,750 
Levi Strauss & Company          
5.000%, 05/01/2025   710,000    740,175 
MCE Finance, Ltd.          
5.000%, 02/15/2021 (S)   430,000    432,233 
MDC Partners, Inc.          
6.500%, 05/01/2024 (S)   740,000    678,950 
MediaNews Group, Inc.          
12.000%, 12/31/2018   367,000    344,114 
MGM Growth Properties Operating          
Partnership LP          
4.500%, 09/01/2026 (S)   500,000    500,000 
MGM Resorts International          
4.625%, 09/01/2026   650,000    633,750 
6.625%, 12/15/2021   130,000    146,250 
Modular Space Corp.          
10.250%, 01/31/2019 (H)(S)   850,000    357,000 
Mohegan Tribal Gaming Authority          
7.875%, 10/15/2024 (S)   610,000    609,238 
Monitronics International, Inc.          
9.125%, 04/01/2020   390,000    366,600 
NCL Corp., Ltd.          
4.625%, 11/15/2020 (S)   420,000    420,000 
5.250%, 11/15/2019 (S)   810,000    818,100 
Neiman Marcus Group, Ltd., LLC          
8.000%, 10/15/2021 (S)   930,000    771,900 

 

The accompanying notes are an integral part of the financial statements.

91

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

High Yield Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Consumer discretionary (continued)          
Neiman Marcus Group, Ltd., LLC, PIK          
8.750%, 10/15/2021 (S)  $240,000   $189,600 
Netflix, Inc.          
5.875%, 02/15/2025   1,080,000    1,169,100 
New Cotai LLC, PIK          
10.625%, 05/01/2019 (S)   745,604    410,082 
New Red Finance, Inc.          
4.625%, 01/15/2022 (S)   613,000    637,520 
6.000%, 04/01/2022 (S)   560,000    586,600 
Newell Brands, Inc.          
5.000%, 11/15/2023 (S)   250,000    266,208 
PetSmart, Inc.          
7.125%, 03/15/2023 (S)   200,000    210,000 
PulteGroup, Inc.          
5.500%, 03/01/2026   720,000    756,000 
Sally Holdings LLC          
5.625%, 12/01/2025   630,000    678,038 
Schaeffler Holding Finance BV, PIK          
6.875%, 08/15/2018 (S)  EUR 450,000    514,859 
6.875%, 08/15/2018 (S)  $200,000    203,520 
Scientific Games International, Inc.          
7.000%, 01/01/2022 (S)   290,000    306,675 
Service Corp. International          
5.375%, 05/15/2024   200,000    212,000 
7.500%, 04/01/2027   480,000    564,000 
Shea Homes LP          
5.875%, 04/01/2023 (S)   100,000    100,000 
6.125%, 04/01/2025 (S)   980,000    975,100 
Speedway Motorsports, Inc.          
5.125%, 02/01/2023   610,000    623,725 
StoneMor Partners LP          
7.875%, 06/01/2021   530,000    535,300 
Taylor Morrison Communities, Inc.          
5.875%, 04/15/2023 (S)   840,000    879,900 
The Goodyear Tire & Rubber Company          
5.000%, 05/31/2026   430,000    441,288 
5.125%, 11/15/2023   590,000    613,600 
The William Carter Company          
5.250%, 08/15/2021   550,000    575,097 
Time Warner Cable LLC          
7.300%, 07/01/2038   440,000    564,076 
Toll Brothers Finance Corp.          
6.750%, 11/01/2019   320,000    360,000 
Tribune Media Company          
5.875%, 07/15/2022   410,000    414,869 
Viacom, Inc.          
4.375%, 03/15/2043   600,000    553,075 
Viking Cruises, Ltd.          
6.250%, 05/15/2025 (S)   545,000    509,575 
8.500%, 10/15/2022 (S)   230,000    235,750 
Virgin Media Finance PLC          
6.000%, 10/15/2024 (S)   1,680,000    1,738,817 
Virgin Media Secured Finance PLC          
5.500%, 08/15/2026 (S)   200,000    204,000 
Vista Outdoor, Inc.          
5.875%, 10/01/2023 (S)   640,000    668,800 
William Lyon Homes, Inc.          
5.750%, 04/15/2019   580,000    590,875 
7.000%, 08/15/2022   180,000    185,400 
8.500%, 11/15/2020   400,000    418,000 
Woodside Homes Company LLC          
6.750%, 12/15/2021 (S)   1,080,000    1,046,237 

 

High Yield Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Consumer discretionary (continued)          
ZF North America Capital, Inc.          
4.750%, 04/29/2025 (S)  $670,000   $703,500 
Ziggo Secured Finance BV          
5.500%, 01/15/2027 (S)   690,000    688,275 
         52,255,003 
Consumer staples - 5.0%          
Alliance One International, Inc.          
9.875%, 07/15/2021 (L)   890,000    756,500 
Beverages & More, Inc.          
10.000%, 11/15/2018 (S)   970,000    921,500 
Carolina Beverage Group LLC          
10.625%, 08/01/2018 (S)   790,000    736,675 
Central Garden & Pet Company          
6.125%, 11/15/2023   380,000    407,550 
Century Intermediate Holding Company 2,          
PIK          
9.750%, 02/15/2019 (S)   1,070,000    1,091,400 
Constellation Brands, Inc.          
4.750%, 11/15/2024 to 12/01/2025   1,190,000    1,288,207 
Dole Food Company, Inc.          
7.250%, 05/01/2019 (S)   370,000    375,550 
DS Services of America, Inc.          
10.000%, 09/01/2021 (S)   970,000    1,080,338 
FAGE International SA          
5.625%, 08/15/2026 (S)   300,000    309,000 
Kraft Heinz Foods Company          
4.875%, 02/15/2025 (S)   408,000    450,045 
7.125%, 08/01/2039 (S)   440,000    623,473 
Pilgrim’s Pride Corp.          
5.750%, 03/15/2025 (S)   980,000    1,009,400 
Post Holdings, Inc.          
5.000%, 08/15/2026 (S)   740,000    736,300 
Simmons Foods, Inc.          
7.875%, 10/01/2021 (S)   1,360,000    1,356,600 
Spectrum Brands, Inc.          
5.750%, 07/15/2025   860,000    928,800 
6.125%, 12/15/2024   490,000    530,587 
         12,601,925 
Energy - 14.0%          
Berry Petroleum Company LLC          
6.375%, 09/15/2022 (H)   510,000    288,150 
6.750%, 11/01/2020 (H)   1,700,000    969,000 
Blue Racer Midstream LLC          
6.125%, 11/15/2022 (S)   630,000    615,825 
Calumet Specialty Products Partners LP          
11.500%, 01/15/2021 (S)   750,000    858,750 
Carrizo Oil & Gas, Inc.          
6.250%, 04/15/2023   310,000    306,900 
7.500%, 09/15/2020   250,000    258,750 
CGG SA          
6.500%, 06/01/2021   1,350,000    658,125 
6.875%, 01/15/2022   200,000    102,000 
Chesapeake Energy Corp.          
3.930%, 04/15/2019 (P)   130,000    121,550 
4.875%, 04/15/2022   290,000    243,600 
5.375%, 06/15/2021   280,000    243,600 
5.750%, 03/15/2023   480,000    408,000 
6.125%, 02/15/2021   270,000    245,700 
6.875%, 11/15/2020   129,000    120,615 
Cloud Peak Energy Resources LLC          
6.375%, 03/15/2024   170,000    86,700 

 

The accompanying notes are an integral part of the financial statements.

92

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

High Yield Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
CORPORATE BONDS (continued)          
Energy (continued)          
Concho Resources, Inc.          
5.500%, 04/01/2023  $770,000   $794,063 
Continental Resources, Inc.          
4.500%, 04/15/2023   110,000    105,600 
4.900%, 06/01/2044   540,000    453,600 
Crestwood Midstream Partners LP          
6.000%, 12/15/2020   130,000    130,975 
6.125%, 03/01/2022   1,080,000    1,090,800 
6.250%, 04/01/2023   170,000    172,125 
CrownRock LP          
7.750%, 02/15/2023 (S)   590,000    632,775 
DCP Midstream LLC          
6.750%, 09/15/2037 (S)   610,000    602,375 
Endeavor Energy Resources LP          
7.000%, 08/15/2021 (S)   480,000    493,200 
Ensco PLC          
4.700%, 03/15/2021   110,000    98,670 
5.200%, 03/15/2025   150,000    109,702 
5.750%, 10/01/2044   650,000    396,945 
EP Energy LLC          
6.375%, 06/15/2023   870,000    517,650 
7.750%, 09/01/2022   160,000    95,200 
9.375%, 05/01/2020   540,000    383,400 
EV Energy Partners LP          
8.000%, 04/15/2019   220,000    147,950 
Extraction Oil & Gas Holdings LLC          
7.875%, 07/15/2021 (S)   460,000    477,250 
Freeport-McMoran Oil & Gas LLC          
6.125%, 06/15/2019   190,000    193,800 
6.750%, 02/01/2022   200,000    204,500 
6.875%, 02/15/2023   1,910,000    1,962,525 
Holly Energy Partners LP          
6.000%, 08/01/2024 (S)   210,000    217,350 
KCA Deutag UK Finance PLC          
7.250%, 05/15/2021 (S)   680,000    557,600 
Kinder Morgan, Inc.          
7.750%, 01/15/2032   660,000    799,132 
Laredo Petroleum, Inc.          
7.375%, 05/01/2022   280,000    289,450 
MEG Energy Corp.          
6.375%, 01/30/2023 (S)   688,000    544,380 
Murray Energy Corp.          
11.250%, 04/15/2021 (S)   1,520,000    855,000 
NGPL PipeCo LLC          
7.119%, 12/15/2017 (S)   600,000    627,000 
9.625%, 06/01/2019 (S)   50,000    52,563 
Oasis Petroleum, Inc.          
6.875%, 01/15/2023 (L)   420,000    400,050 
Parsley Energy LLC          
6.250%, 06/01/2024 (S)   230,000    237,475 
7.500%, 02/15/2022 (S)   210,000    223,125 
Petrobras Global Finance BV          
6.850%, 06/05/2115   410,000    346,860 
Pride International, Inc.          
7.875%, 08/15/2040   360,000    270,000 
QEP Resources, Inc.          
5.250%, 05/01/2023   430,000    423,550 
6.875%, 03/01/2021   320,000    334,400 
Range Resources Corp.          
4.875%, 05/15/2025   360,000    345,600 
5.000%, 03/15/2023 (S)   40,000    39,100 
Rice Energy, Inc.          
6.250%, 05/01/2022   450,000    464,625 

 

High Yield Trust (continued)

 

           
    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Energy (continued)          
Rice Energy, Inc. (continued)          
7.250%, 05/01/2023  $100,000   $107,000 
Rockies Express Pipeline LLC          
5.625%, 04/15/2020 (S)   310,000    327,050 
6.875%, 04/15/2040 (S)   1,250,000    1,287,500 
7.500%, 07/15/2038 (S)   100,000    106,250 
Rose Rock Midstream LP          
5.625%, 11/15/2023   810,000    737,100 
Sabine Pass Liquefaction LLC          
5.000%, 03/15/2027 (S)   490,000    502,250 
5.750%, 05/15/2024   1,230,000    1,323,788 
Sanchez Energy Corp.          
6.125%, 01/15/2023   290,000    232,725 
7.750%, 06/15/2021   530,000    466,400 
Shelf Drilling Holdings, Ltd.          
8.625%, 11/01/2018 (S)   640,000    508,800 
SM Energy Company          
5.000%, 01/15/2024   150,000    141,000 
5.625%, 06/01/2025   330,000    310,200 
Summit Midstream Holdings LLC          
5.500%, 08/15/2022   740,000    704,850 
7.500%, 07/01/2021   230,000    238,050 
Targa Resources Partners LP          
4.125%, 11/15/2019   130,000    131,820 
5.125%, 02/01/2025 (S)   170,000    170,213 
5.375%, 02/01/2027 (S)   170,000    171,063 
6.375%, 08/01/2022   525,000    543,375 
Teine Energy, Ltd.          
6.875%, 09/30/2022 (S)   630,000    630,000 
Tesoro Logistics LP          
5.500%, 10/15/2019   150,000    159,750 
6.125%, 10/15/2021   60,000    62,700 
6.250%, 10/15/2022   70,000    74,725 
6.375%, 05/01/2024   170,000    182,325 
The Williams Companies, Inc.          
3.700%, 01/15/2023   300,000    291,000 
4.550%, 06/24/2024   910,000    927,791 
7.500%, 01/15/2031   880,000    1,003,200 
Valvoline, Inc.          
5.500%, 07/15/2024 (S)   650,000    680,875 
Whiting Petroleum Corp.          
5.750%, 03/15/2021 (L)   490,000    458,150 
6.250%, 04/01/2023 (L)   140,000    128,100 
WPX Energy, Inc.          
6.000%, 01/15/2022   100,000    98,750 
8.250%, 08/01/2023 (L)   740,000    797,039 
         35,121,469 
Financials - 7.0%          
Ally Financial, Inc.          
3.500%, 01/27/2019   650,000    655,688 
8.000%, 11/01/2031   330,000    406,725 
Bank of America Corp. (6.500% to          
10/23/2024, then 3 month          
LIBOR + 4.174%)          
10/23/2024 (Q)   520,000    563,225 
Barclays Bank PLC          
7.625%, 11/21/2022   200,000    222,200 
BNP Paribas SA (7.375% to 08/19/2025,          
then 5 Year U.S. Swap Rate + 5.150%)          
08/19/2025 (Q)(S)   390,000    389,025 
CIT Group, Inc.          
5.000%, 08/15/2022 to 08/01/2023   1,110,000    1,176,338 
5.375%, 05/15/2020   1,020,000    1,090,125 

 

The accompanying notes are an integral part of the financial statements.

93

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

High Yield Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Financials (continued)          
Citigroup, Inc. (5.950% to 05/15/2025,          
then 3 month LIBOR + 3.905%)          
05/15/2025 (Q)  $780,000   $795,678 
Citigroup, Inc. (6.300% to 05/15/2024,          
then 3 month LIBOR + 3.423%)          
05/15/2024 (Q)   1,060,000    1,086,500 
CNO Financial Group, Inc.          
4.500%, 05/30/2020   200,000    204,750 
5.250%, 05/30/2025   1,010,000    1,007,475 
Compiler Finance Sub, Inc.          
7.000%, 05/01/2021 (S)   430,000    199,950 
Cooperatieve Rabobank UA          
5.250%, 08/04/2045   270,000    303,894 
Credit Agricole SA (8.125% to          
12/23/2025, then 5 Year U.S. Swap          
Rate + 6.185%)          
12/23/2025 (Q)(S)   290,000    307,400 
Donnelley Financial Solutions, Inc.          
8.250%, 10/15/2024 (S)   590,000    597,375 
Double Eagle Acquisition Sub, Inc.          
7.500%, 10/01/2024 (S)   320,000    325,600 
Fidelity & Guaranty Life Holdings, Inc.          
6.375%, 04/01/2021 (S)   340,000    340,000 
FirstCash, Inc.          
6.750%, 04/01/2021   160,000    167,200 
Genworth Holdings, Inc.          
4.900%, 08/15/2023   320,000    266,400 
7.700%, 06/15/2020   570,000    565,725 
Globe Luxembourg SCA          
9.625%, 05/01/2018 (S)   820,000    752,350 
HSBC Holdings PLC (6.375% to          
03/30/2025, then 5 Year          
U.S. ISDAFIX + 4.368%)          
03/30/2025 (L)(Q)   620,000    618,766 
M&T Bank Corp.          
6.875%, 10/31/2016 (Q)   790,000    794,345 
Navient Corp.          
5.875%, 03/25/2021 to 10/25/2024   590,000    566,225 
6.625%, 07/26/2021   340,000    342,550 
8.000%, 03/25/2020   1,140,000    1,222,650 
Quicken Loans, Inc.          
5.750%, 05/01/2025 (S)   1,390,000    1,379,575 
Royal Bank of Scotland Group PLC          
(8.625% to 08/15/2021, then 5 Year          
U.S. Swap Rate + 7.598%)          
08/15/2021 (Q)   470,000    462,950 
The Royal Bank of Scotland NV          
7.750%, 05/15/2023   210,000    238,904 
TMX Finance LLC          
8.500%, 09/15/2018 (S)   790,000    588,550 
         17,638,138 
Health care - 6.6%          
AMAG Pharmaceuticals, Inc.          
7.875%, 09/01/2023 (S)   450,000    429,750 
BioScrip, Inc.          
8.875%, 02/15/2021   1,050,000    981,750 
Centene Corp.          
4.750%, 05/15/2022   500,000    516,250 
5.625%, 02/15/2021   410,000    435,625 
6.125%, 02/15/2024   250,000    271,250 
DaVita, Inc.          
5.000%, 05/01/2025   500,000    501,875 

 

High Yield Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Health care (continued)          
DJO Finance LLC          
10.750%, 04/15/2020 (S)  $90,000   $74,700 
DJO Finco, Inc.          
8.125%, 06/15/2021 (S)   1,150,000    1,066,625 
DPx Holdings BV          
7.500%, 02/01/2022 (S)   150,000    158,625 
Greatbatch, Ltd.          
9.125%, 11/01/2023 (S)   520,000    509,600 
HCA, Inc.          
5.250%, 04/15/2025 to 06/15/2026   480,000    511,425 
5.375%, 02/01/2025   610,000    629,825 
5.875%, 02/15/2026   1,500,000    1,599,375 
7.500%, 02/15/2022   210,000    240,975 
IASIS Healthcare LLC          
8.375%, 05/15/2019   980,000    886,900 
Immucor, Inc.          
11.125%, 08/15/2019   350,000    329,875 
Kinetic Concepts, Inc.          
7.875%, 02/15/2021 (S)   500,000    541,250 
Mallinckrodt International Finance SA          
3.500%, 04/15/2018   120,000    119,850 
4.750%, 04/15/2023   140,000    126,000 
MPH Acquisition Holdings LLC          
7.125%, 06/01/2024 (S)   920,000    989,000 
Tenet Healthcare Corp.          
6.750%, 06/15/2023   1,160,000    1,078,800 
8.125%, 04/01/2022   250,000    250,000 
Universal Hospital Services, Inc.          
7.625%, 08/15/2020   1,220,000    1,162,050 
Valeant Pharmaceuticals International, Inc.          
5.500%, 03/01/2023 (S)   1,950,000    1,667,250 
5.875%, 05/15/2023 (S)   460,000    397,638 
6.375%, 10/15/2020 (S)   630,000    590,625 
7.000%, 10/01/2020 (S)   380,000    370,500 
7.250%, 07/15/2022 (S)   80,000    74,200 
7.500%, 07/15/2021 (S)   230,000    222,525 
         16,734,113 
Industrials - 10.8%          
AerCap Ireland Capital, Ltd.          
4.625%, 10/30/2020 to 07/01/2022   510,000    535,688 
5.000%, 10/01/2021   150,000    160,125 
Allison Transmission, Inc.          
5.000%, 10/01/2024 (S)   1,280,000    1,309,312 
American Airlines 2013-1 Class B Pass          
Through Trust          
5.625%, 01/15/2021 (S)   755,450    790,389 
American Airlines 2013-2 Class B Pass          
Through Trust          
5.600%, 01/15/2022 (S)   504,696    528,038 
American Builders & Contractors          
Supply Company, Inc.          
5.625%, 04/15/2021 (S)   1,180,000    1,221,300 
5.750%, 12/15/2023 (S)   350,000    364,000 
Ashtead Capital, Inc.          
6.500%, 07/15/2022 (S)   520,000    546,650 
Ashton Woods USA LLC          
6.875%, 02/15/2021 (S)   270,000    261,900 
Ausdrill Finance Pty, Ltd.          
6.875%, 11/01/2019 (S)   380,000    384,750 
CBC Ammo LLC          
7.250%, 11/15/2021 (S)   1,210,000    1,179,750 

 

The accompanying notes are an integral part of the financial statements.

94

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

High Yield Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Industrials (continued)          
Delta Air Lines 2009-1 Series B Pass          
Through Trust          
9.750%, 06/17/2018  $185,375   $191,123 
DH Services Luxembourg Sarl          
7.750%, 12/15/2020 (S)   1,000,000    1,042,500 
Flexi-Van Leasing, Inc.          
7.875%, 08/15/2018 (S)   900,000    812,250 
Florida East Coast Holdings Corp.          
6.750%, 05/01/2019 (S)   460,000    471,500 
GFL Environmental, Inc.          
9.875%, 02/01/2021 (S)   650,000    711,750 
H&E Equipment Services, Inc.          
7.000%, 09/01/2022   1,080,000    1,139,400 
International Lease Finance Corp.          
8.250%, 12/15/2020   780,000    926,250 
8.625%, 01/15/2022   30,000    36,900 
International Wire Group Holdings, Inc.          
8.500%, 10/15/2017 (S)   290,000    290,406 
International Wire Group, Inc.          
10.750%, 08/01/2021 (S)   470,000    447,675 
Jack Cooper Holdings Corp.          
9.250%, 06/01/2020   500,000    340,000 
LMI Aerospace, Inc.          
7.375%, 07/15/2019   430,000    432,150 
Michael Baker Holdings LLC, PIK          
9.625%, 04/15/2019 (S)   1,109,963    1,026,716 
Michael Baker International LLC          
8.250%, 10/15/2018 (S)   270,000    270,675 
Navios Maritime Acquisition Corp.          
8.125%, 11/15/2021 (S)   940,000    690,900 
Neovia Logistics Intermediate          
Holdings LLC, PIK          
10.750%, 02/15/2018 (S)   1,546,212    854,282 
NES Rentals Holdings, Inc.          
7.875%, 05/01/2018 (S)   640,000    627,200 
Prime Security Services Borrower LLC          
9.250%, 05/15/2023 (S)   760,000    828,400 
Standard Industries, Inc.          
5.125%, 02/15/2021 (S)   240,000    252,000 
5.500%, 02/15/2023 (S)   350,000    365,750 
The ADT Corp.          
3.500%, 07/15/2022   150,000    144,375 
4.125%, 06/15/2023   90,000    88,425 
6.250%, 10/15/2021   430,000    467,625 
Ultrapetrol Bahamas, Ltd.          
8.875%, 06/15/2021 (H)   930,000    186,000 
United Airlines 2013-1 Class B Pass          
Through Trust          
5.375%, 02/15/2023   637,617    663,122 
United Airlines 2014-1 Class B Pass          
Through Trust          
4.750%, 10/11/2023   308,185    315,119 
United Rentals North America, Inc.          
5.500%, 07/15/2025   380,000    389,500 
5.750%, 11/15/2024   620,000    643,250 
7.625%, 04/15/2022   500,000    532,500 
US Airways 2012-2 Class B Pass          
Through Trust          
6.750%, 12/03/2022   703,536    765,095 
WESCO Distribution, Inc.          
5.375%, 12/15/2021   810,000    828,225 
5.375%, 06/15/2024 (S)   160,000    160,301 

 

High Yield Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Industrials (continued)          
West Corp.          
4.750%, 07/15/2021 (S)  $260,000   $267,800 
5.375%, 07/15/2022 (S)   1,260,000    1,234,800 
XPO Logistics, Inc.          
6.125%, 09/01/2023 (S)   440,000    452,100 
6.500%, 06/15/2022 (L)(S)   890,000    931,163 
         27,109,129 
Information technology - 1.8%          
Activision Blizzard, Inc.          
5.625%, 09/15/2021 (S)   290,000    302,586 
6.125%, 09/15/2023 (S)   270,000    296,663 
Ancestry.com, Inc.          
11.000%, 12/15/2020   430,000    460,100 
CommScope, Inc.          
4.375%, 06/15/2020 (S)   110,000    113,300 
Diamond 1 Finance Corp.          
5.875%, 06/15/2021 (S)   630,000    669,375 
7.125%, 06/15/2024 (S)   360,000    395,931 
First Data Corp.          
5.000%, 01/15/2024 (S)   1,360,000    1,380,400 
7.000%, 12/01/2023 (S)   110,000    116,325 
Interface Security Systems Holdings, Inc.          
9.250%, 01/15/2018   420,000    425,250 
Match Group, Inc.          
6.375%, 06/01/2024   340,000    368,900 
Micron Technology, Inc.          
5.250%, 08/01/2023 (S)   70,000    68,600 
         4,597,430 
Materials - 8.1%          
Alcoa Nederland Holding BV          
6.750%, 09/30/2024 (S)   330,000    342,788 
7.000%, 09/30/2026 (S)   830,000    858,013 
Alcoa, Inc.          
5.125%, 10/01/2024   480,000    510,600 
Anglo American Capital PLC          
4.125%, 04/15/2021 to 09/27/2022 (S)   660,000    659,550 
4.875%, 05/14/2025 (S)   530,000    540,600 
ArcelorMittal          
6.125%, 06/01/2025   300,000    327,000 
Ardagh Packaging Finance PLC          
4.625%, 05/15/2023 (S)   600,000    603,750 
7.250%, 05/15/2024 (S)   650,000    690,625 
Axalta Coating Systems LLC          
4.875%, 08/15/2024 (S)   520,000    532,675 
Barminco Finance Pty, Ltd.          
9.000%, 06/01/2018 (S)   440,000    425,700 
BHP Billiton Finance USA, Ltd. (6.750%          
to 10/19/2025, then 5 Year U.S. Swap          
Rate + 5.093%)          
10/19/2075 (S)   450,000    509,625 
BWAY Holding Company          
9.125%, 08/15/2021 (S)   610,000    637,450 
Celanese US Holdings LLC          
4.625%, 11/15/2022   420,000    460,370 
Cemex SAB de CV          
5.700%, 01/11/2025 (S)   220,000    222,684 
6.125%, 05/05/2025 (L)(S)   270,000    277,425 
Coeur Mining, Inc.          
7.875%, 02/01/2021   800,000    820,000 
Coveris Holdings SA          
7.875%, 11/01/2019 (S)   440,000    449,900 

 

The accompanying notes are an integral part of the financial statements.

95

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

High Yield Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Materials (continued)          
Crown Americas LLC          
4.250%, 09/30/2026 (S)  $300,000   $299,625 
Eagle Materials, Inc.          
4.500%, 08/01/2026   480,000    486,687 
Eco Services Operations LLC          
8.500%, 11/01/2022 (S)   580,000    606,100 
FMG Resources August 2006 Pty, Ltd.          
9.750%, 03/01/2022 (S)   580,000    672,800 
Freeport-McMoRan, Inc.          
3.100%, 03/15/2020   10,000    9,625 
3.550%, 03/01/2022 (L)   530,000    482,300 
3.875%, 03/15/2023   260,000    235,300 
5.450%, 03/15/2043   360,000    291,600 
Hardwoods Acquisition, Inc.          
7.500%, 08/01/2021 (S)   730,000    549,325 
HIG BBC Intermediate Holdings LLC,          
PIK          
11.250%, 09/15/2018 (S)   524,361    482,412 
Midwest Vanadium Pty, Ltd.          
11.500%, 02/15/2018 (H)(S)   933,844    14,008 
Novelis Corp.          
5.875%, 09/30/2026 (S)   440,000    450,450 
NWH Escrow Corp.          
7.500%, 08/01/2021 (S)   220,000    165,550 
Pactiv LLC          
7.950%, 12/15/2025   380,000    414,200 
8.375%, 04/15/2027   1,510,000    1,676,100 
PQ Corp.          
6.750%, 11/15/2022 (S)   240,000    254,400 
Reynolds Group Issuer, Inc.          
5.125%, 07/15/2023 (S)   390,000    402,675 
7.000%, 07/15/2024 (S)   1,450,000    1,555,125 
Teck Resources, Ltd.          
3.000%, 03/01/2019   730,000    719,050 
8.000%, 06/01/2021 (S)   410,000    448,438 
8.500%, 06/01/2024 (L)(S)   530,000    606,850 
U.S. Concrete, Inc.          
6.375%, 06/01/2024   360,000    373,500 
Westlake Chemical Corp.          
4.625%, 02/15/2021 (S)   325,000    339,625 
4.875%, 05/15/2023 (S)   20,000    20,939 
         20,425,439 
Real estate - 2.0%          
Care Capital Properties LP          
5.125%, 08/15/2026 (S)   270,000    270,116 
Communications Sales & Leasing, Inc.          
6.000%, 04/15/2023 (S)   300,000    311,250 
8.250%, 10/15/2023   130,000    136,434 
Corrections Corp. of America          
4.125%, 04/01/2020   90,000    84,825 
4.625%, 05/01/2023   130,000    114,400 
5.000%, 10/15/2022 (L)   400,000    362,000 
CTR Partnership LP          
5.875%, 06/01/2021   1,030,000    1,066,050 
Greystar Real Estate Partners LLC          
8.250%, 12/01/2022 (S)   660,000    699,600 
Iron Mountain, Inc.          
6.000%, 10/01/2020 (S)   840,000    886,200 
MPT Operating Partnership LP          
5.250%, 08/01/2026   250,000    259,375 
6.375%, 03/01/2024   280,000    303,800 
The GEO Group, Inc.          
5.125%, 04/01/2023   10,000    8,500 

 

High Yield Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Real estate (continued)          
The GEO Group, Inc. (continued)          
5.875%, 10/15/2024  $750,000   $645,000 
         5,147,550 
Telecommunication services - 8.4%          
CenturyLink, Inc.          
5.625%, 04/01/2025   420,000    402,150 
5.800%, 03/15/2022   970,000    994,250 
Cogent Communications Group, Inc.          
5.375%, 03/01/2022 (S)   1,540,000    1,586,200 
Frontier Communications Corp.          
10.500%, 09/15/2022   280,000    296,800 
11.000%, 09/15/2025   830,000    865,275 
Intelsat Jackson Holdings SA          
5.500%, 08/01/2023   1,170,000    810,225 
7.250%, 10/15/2020   30,000    23,250 
7.500%, 04/01/2021   50,000    37,750 
8.000%, 02/15/2024 (S)   1,060,000    1,062,650 
Level 3 Financing, Inc.          
5.250%, 03/15/2026 (S)   210,000    216,825 
5.625%, 02/01/2023   400,000    415,500 
Numericable-SFR SA          
6.000%, 05/15/2022 (S)   580,000    591,600 
Oi Brasil Holdings Cooperatief UA          
5.750%, 02/10/2022 (H)(S)   1,020,000    252,450 
SFR Group SA          
6.250%, 05/15/2024 (S)   520,000    516,595 
7.375%, 05/01/2026 (S)   2,170,000    2,218,152 
Sprint Capital Corp.          
8.750%, 03/15/2032   1,360,000    1,392,300 
Sprint Communications, Inc.          
7.000%, 08/15/2020   1,020,000    1,025,100 
11.500%, 11/15/2021   860,000    989,000 
Sprint Corp.          
7.250%, 09/15/2021   2,400,000    2,412,000 
7.875%, 09/15/2023   1,520,000    1,535,200 
T-Mobile USA, Inc.          
6.500%, 01/15/2026   1,160,000    1,284,700 
Telecom Italia SpA          
5.303%, 05/30/2024 (S)   380,000    388,501 
Windstream Services LLC          
7.500%, 04/01/2023 (L)   920,000    878,600 
7.750%, 10/15/2020 (L)   620,000    632,400 
7.750%, 10/01/2021   250,000    248,750 
         21,076,223 
Utilities - 1.9%          
AES Corp.          
4.875%, 05/15/2023   470,000    479,988 
5.500%, 03/15/2024 to 04/15/2025   265,000    273,075 
Miran Mid-Atlantic Series C Pass          
Through Trust          
10.060%, 12/30/2028   1,558,871    1,192,536 
NRG Energy, Inc.          
7.250%, 05/15/2026 (S)   610,000    620,675 
NRG REMA LLC          
9.237%, 07/02/2017   183,757    165,381 
9.681%, 07/02/2026   1,291,000    1,032,800 
Red Oak Power LLC          
9.200%, 11/30/2029   1,030,000    1,076,350 
         4,840,805 
TOTAL CORPORATE BONDS (Cost $222,149,065)       $217,547,224 

 

The accompanying notes are an integral part of the financial statements.

96

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

High Yield Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CAPITAL PREFERRED SECURITIES - 0.3%          
Financials - 0.3%          
ILFC E-Capital Trust I          
4.000%, 12/21/2065 (P)(S)  $1,000,000  $800,000 
TOTAL CAPITAL PREFERRED SECURITIES (Cost $839,647)        $800,000 
           
CONVERTIBLE BONDS - 0.7%          
Consumer discretionary - 0.2%          
Dish Network Corp.          
3.375%, 08/15/2026 (S)   490,000    536,550 
Energy - 0.2%          
Chesapeake Energy Corp.          
5.500%, 10/05/2026   450,000    450,000 
Information technology - 0.2%          
Advanced Micro Devices, Inc.          
2.125%, 09/01/2026   470,000    511,125 
Materials - 0.1%          
Hercules, Inc.          
6.500%, 06/30/2029   250,000    217,770 
Mirabela Nickel, Ltd., PIK          
9.500%, 06/24/2019 (H)(S)   776,562    38,828 
         256,598 
TOTAL CONVERTIBLE BONDS (Cost $2,422,044)       $1,754,273 
           
TERM LOANS (M) - 3.7%          
Consumer discretionary - 0.6%          
Equinox Holdings, Inc.          
9.750%, 07/31/2020   630,000    629,477 
Spencer Gifts LLC          
9.250%, 06/29/2022   630,000    516,600 
TOMS Shoes LLC          
6.500%, 10/28/2020   462,950    335,639 
         1,481,716 
Energy - 1.5%          
Chesapeake Energy Corp.          
8.500%, 08/23/2021   400,000    419,624 
Eastern Power LLC          
5.000%, 10/02/2021   997,510    1,006,737 
Hercules Offshore, Inc.          
10.500%, 05/06/2020 (H)   885,977    558,166 
Magnum Hunter Resources Corp.          
8.000%, 05/06/2019   173,551    169,311 
Murray Energy Corp.          
8.250%, 04/16/2020   380,683    322,511 
Panda Temple Power II LLC          
7.250%, 04/03/2019   268,647    245,140 
Panda Temple Power LLC          
7.250%, 03/04/2022   719,050    636,359 
Westmoreland Coal Company          
7.500%, 12/16/2020   466,048    363,517 
         3,721,365 
Health care - 0.7%          
Immucor, Inc.          
5.000%, 08/17/2018   294,657    286,798 
Lantheus Medical Imaging, Inc.          
7.000%, 06/30/2022   493,721    482,612 
Radnet Management, Inc.          
8.000%, 03/25/2021   933,333    919,333 
         1,688,743 

 

High Yield Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
TERM LOANS (M) (continued)          
Industrials - 0.3%          
Commercial Barge Line Company          
9.750%, 11/12/2020  $848,250   $820,682 
Information technology - 0.2%          
Kronos, Inc.          
9.750%, 04/30/2020   509,455    517,519 
Materials - 0.0%          
Essar Steel Algoma, Inc.          
7.500%, 08/09/2019 (H)   316,800    107,712 
Telecommunication services - 0.4%          
CWGS Group LLC          
5.750%, 02/20/2020   1,050,265    1,050,926 
TOTAL TERM LOANS (Cost $10,286,393)       $9,388,663 
           
COLLATERALIZED MORTGAGE          
OBLIGATIONS - 0.4%          
Commercial and residential - 0.4%          
Commercial Mortgage Trust (Cantor          
Fitzgerald/Deutsche Bank),          
Series 2015-LC21, Class E          
3.250%, 07/10/2048 (S)   600,000    321,556 
JPMBB Commercial Mortgage          
Securities Trust, Series 2015-C31,          
Class E          
4.618%, 08/15/2048 (P)(S)   500,000    329,248 
Wells Fargo Commercial Mortgage Trust,          
Series 2015-C28, Class E          
3.000%, 05/15/2048 (S)   500,000    259,032 
         909,836 
TOTAL COLLATERALIZED MORTGAGE          
OBLIGATIONS (Cost $1,060,085)       $909,836 
           
ASSET BACKED SECURITIES - 2.0%          
AMMC CLO 16, Ltd., Series 2015-16A,          
Class E 6.230%, 04/14/2027 (P)(S)   400,000    350,292 
Avery Point VI CLO, Ltd.,          
Series 2015-6A, Class E1          
6.133%, 08/05/2027 (P)(S)   750,000    661,273 
Babson CLO, Ltd., Series 2015-2A,          
Class E 6.184%, 07/20/2027 (P)(S)   500,000    452,823 
Carlyle Global Market Strategies          
CLO, Ltd., Series 2015-2A, Class D          
5.934%, 04/27/2027 (P)(S)   500,000    451,540 
Cumberland Park CLO, Ltd.,          
Series 2015-2A, Class E          
5.634%, 07/20/2026 (P)(S)   750,000    656,662 
Galaxy XX CLO, Ltd., Series 2015-20A,          
Class E 6.134%, 07/20/2027 (P)(S)   250,000    222,259 
Goldentree Loan Opportunities X, Ltd.,          
Series 2015-10A, Class E2          
5.834%, 07/20/2027 (P)(S)   500,000    436,651 
Jamestown CLO VIII, Ltd.,          
Series 2015-8A, Class D2          
7.114%, 01/15/2028 (P)(S)   750,000    715,901 
Neuberger Berman CLO XIX, Ltd.,          
Series 2015-19A, Class D          
5.878%, 07/15/2027 (P)(S)   500,000    444,275 
Oaktree CLO, Ltd., Series 2015-1A,          
Class D 6.234%, 10/20/2027 (P)(S)   350,000    310,490 
Treman Park CLO, Ltd., Series 2015-1A,          
Class E 6.834%, 04/20/2027 (P)(S)   250,000    239,011 
TOTAL ASSET BACKED SECURITIES (Cost $5,130,660)       $4,941,177 

 

The accompanying notes are an integral part of the financial statements.

97

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

High Yield Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value
COMMON STOCKS - 2.0%          
Consumer discretionary - 0.3%          
Bossier Casino Venture Holdco, Inc. (I)(S)   43,365   $401,126 
New Cotai LLC (I)   3    73,193 
Red Rock Resorts, Inc., Class A   5,073    119,672 
Vertis Holdings, Inc. (I)   69,391    0 
         593,991 
Energy - 1.0%          
Hercules Offshore, Inc. (I)(L)   45,689    79,042 
KCAD Holdings I, Ltd. (I)   165,553,563    858,395 
Magnum Hunter Resources Corp. (I)   97,579    1,170,948 
MWO Holdings LLC (I)   445    438,156 
         2,546,541 
Financials - 0.5%          
Citigroup, Inc.   14,438    681,907 
Wells Fargo & Company   14,930    661,100 
         1,343,007 
Industrials - 0.2%          
DeepOcean Group Holdings AS (I)   83,286    427,257 
Materials - 0.0%          
Mirabela Nickel, Ltd. (I)   2,045,076    2 
TOTAL COMMON STOCKS (Cost $11,758,701)       $4,910,798 
           
PREFERRED SECURITIES - 1.3%          
Financials - 1.0%          
GMAC Capital Trust I, 6.602% (P)   100,372   $2,550,453 
Health care - 0.3%          
Allergan PLC, 5.500%   749    615,401 
TOTAL PREFERRED SECURITIES (Cost $3,066,363)     $3,165,854 
           
ESCROW CERTIFICATES - 0.0%          
Consumer discretionary - 0.0%          
Adelphia Communications Corp.          
7.750%, 01/15/2049 (I)   3,000,000    0 
9.875%, 03/01/2049 (I)   2,050,000    0 
10.250%, 11/01/2049 (I)   1,025,000    0 
         0 
Health care - 0.0%          
Magellan Health, Inc.          
9.750%, 05/15/2020 (I)   1,930,000    500 
TOTAL ESCROW CERTIFICATES (Cost $435,127)       $500 
           
SECURITIES LENDING COLLATERAL - 2.7%          
John Hancock          
Collateral Trust, 0.6548% (W)(Y)   683,781  $6,842,323 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $6,842,078)     $6,842,323 
           
SHORT-TERM INVESTMENTS - 0.6%          
Money market funds - 0.6%          
State Street Institutional Liquid Reserves          
Fund, Premier Class, 0.3969% (Y)   1,581,585   $1,581,585 
TOTAL SHORT-TERM INVESTMENTS (Cost $1,581,585)     $1,581,585 
Total Investments (High Yield Trust)          
(Cost $270,031,950) - 101.7%       $255,963,131 
Other assets and liabilities, net - (1.7%)        (4,159,561)
TOTAL NET ASSETS - 100.0%       $251,803,570 

 

Income Trust

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS - 47.6%          
Consumer discretionary - 4.5%          
Automobiles - 2.8%          
Daimler AG   27,500  $1,939,509 
Ford Motor Company   378,060    4,563,184 
General Motors Company   99,416    3,158,446 
         9,661,139 
Multiline retail - 1.7%          
Nordstrom, Inc. (L)   20,000    1,037,600 
Target Corp.   74,400    5,109,792 
         6,147,392 
         15,808,531 
Consumer staples - 2.2%          
Beverages - 2.2%          
Anheuser-Busch InBev NV, ADR   11,000    1,445,510 
PepsiCo, Inc.   40,920    4,450,868 
The Coca-Cola Company   40,000    1,692,800 
         7,589,178 
         7,589,178 
Energy - 8.6%          
Energy equipment and services - 0.5%          
Halliburton Company   35,350    1,586,508 
Oil, gas and consumable fuels - 8.1%          
Anadarko Petroleum Corp.   40,000    2,534,400 
BP PLC, ADR   117,000    4,113,720 
Chevron Corp.   63,000    6,483,960 
Occidental Petroleum Corp.   21,000    1,531,320 
Royal Dutch Shell PLC, ADR, Class A   189,955    9,511,047 
TOTAL SA, ADR   79,454    3,789,956 
W&T Offshore, Inc. (I)   127,650    224,664 
         28,189,067 
         29,775,575 
Financials - 3.8%          
Banks - 2.7%          
Bank of America Corp.   60,000    939,000 
JPMorgan Chase & Co.   44,160    2,940,614 
U.S. Bancorp   52,500    2,251,725 
Wells Fargo & Company   73,150    3,239,080 
         9,370,419 
Capital markets - 0.2%          
Morgan Stanley   20,000    641,200 
Insurance - 0.9%          
MetLife, Inc.   68,462    3,041,767 
         13,053,386 
Health care - 6.6%          
Pharmaceuticals - 6.6%          
AstraZeneca PLC   64,500    4,176,494 
Eli Lilly & Company   40,930    3,285,042 
Merck & Company, Inc.   13,095    817,259 
Pfizer, Inc.   200,000    6,774,000 
Roche Holding AG   17,500    4,348,722 
Sanofi, ADR   92,500    3,532,575 
         22,934,092 
         22,934,092 
Industrials - 5.2%          
Aerospace and defense - 1.2%          
United Technologies Corp.   39,600    4,023,360 

 

The accompanying notes are an integral part of the financial statements.

98

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Income Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Air freight and logistics - 0.1%          
CEVA Group PLC (I)   1,115   $390,275 
Commercial services and supplies - 0.7%          
Republic Services, Inc.   47,620    2,402,429 
Industrial conglomerates - 2.0%          
General Electric Company   231,620    6,860,584 
Machinery - 0.6%          
Deere & Company   26,500    2,261,775 
Road and rail - 0.6%          
Union Pacific Corp.   22,000    2,145,660 
         18,084,083 
Information technology - 6.1%          
Semiconductors and semiconductor equipment - 2.8%          
Intel Corp.   158,490    5,982,998 
QUALCOMM, Inc.   37,880    2,594,780 
Analog Devices, Inc.   20,000    1,289,000 
         9,866,778 
Software - 1.8%          
Microsoft Corp.   89,640    5,163,264 
Oracle Corp.   29,800    1,170,544 
         6,333,808 
Technology hardware, storage and peripherals - 1.5%          
Apple, Inc.   45,019    5,089,398 
         21,289,984 
Materials - 4.3%          
Chemicals - 3.1%          
BASF SE   55,000    4,709,389 
The Dow Chemical Company   100,000    5,183,000 
The Mosaic Company   35,000    856,100 
         10,748,489 
Metals and mining - 1.2%          
Rio Tinto PLC, ADR (L)   130,000    4,342,000 
         15,090,489 
Telecommunication services - 1.6%          
Diversified telecommunication services - 1.6%          
BCE, Inc.   20,000    923,663 
Telstra Corp., Ltd.   300,000    1,196,134 
Verizon Communications, Inc.   63,000    3,274,740 
         5,394,537 
         5,394,537 
Utilities - 4.7%          
Electric utilities - 2.7%          
Duke Energy Corp.   34,082    2,727,923 
PG&E Corp.   57,400    3,511,158 
The Southern Company   35,000    1,795,500 
Xcel Energy, Inc.   33,000    1,357,620 
         9,392,201 
Multi-utilities - 2.0%          
Dominion Resources, Inc.   50,000    3,713,500 
Public Service Enterprise Group, Inc.   23,000    963,010 
Sempra Energy   20,950    2,245,631 
         6,922,141 
         16,314,342 
TOTAL COMMON STOCKS (Cost $148,231,801)       $165,334,197 

 

Income Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
PREFERRED SECURITIES - 2.2%          
Energy - 0.0%          
Energy equipment and services - 0.0%          
Newco Acquisition Company, Ltd. (I)   31   $15,500 
Financials - 0.7%          
Banks - 0.6%          
Wells Fargo & Company, 7.500%   1,600    2,093,760 
Capital markets - 0.1%          
Morgan Stanley (6.375% to 10/15/2024, then          
3 month LIBOR + 3.708%)   11,245    313,398 
         2,407,158 
Health care - 0.5%          
Pharmaceuticals - 0.5%          
Allergan PLC, 5.500%   1,175    965,415 
Teva Pharmaceutical Industries, Ltd., 7.000%   1,000    813,309 
         1,778,724 
         1,778,724 
Information technology - 0.1%          
Semiconductors and semiconductor equipment - 0.1%          
CEVA, Inc. (I)   1,068    373,842 
Real estate - 0.2%          
Real estate investment trusts - 0.2%          
FelCor Lodging Trust, Inc., 1.950%   26,881    672,294 
Utilities - 0.7%          
Electric utilities - 0.4%          
NextEra Energy, Inc., 6.371%   25,000    1,476,000 
Multi-utilities - 0.3%          
Dominion Resources, Inc., 6.375%   18,600    925,536 
         2,401,536 
TOTAL PREFERRED SECURITIES (Cost $7,491,683)       $7,649,054 
           
CORPORATE BONDS - 15.7%          
Consumer discretionary - 2.4%          
Altice Luxembourg SA          
7.625%, 02/15/2025 (S)  $1,000,000   $1,028,750 
DISH DBS Corp. 5.125%, 05/01/2020   2,000,000    2,075,000 
iHeartCommunications, Inc.          
9.000%, 12/15/2019   2,019,000    1,597,534 
KB Home 7.500%, 09/15/2022   700,000    759,500 
Shea Homes LP 5.875%, 04/01/2023 (S)   1,000,000    1,000,000 
Sirius XM Radio, Inc. 6.000%, 07/15/2024 (S)   700,000    746,375 
Univision Communications, Inc.          
5.125%, 05/15/2023 (S)   1,000,000    1,012,500 
         8,219,659 
Energy - 1.2%          
Chesapeake Energy Corp.          
8.000%, 12/15/2022 (S)   2,383,000    2,412,788 
Kinder Morgan, Inc. 7.750%, 01/15/2032   300,000    363,242 
NGL Energy Partners LP 6.875%, 10/15/2021   500,000    473,750 
Sabine Pass Liquefaction LLC          
5.750%, 05/15/2024   500,000    538,125 
W&T Offshore, Inc., PIK          
8.500%, 06/15/2021 (S)   300,000    108,000 
9.000%, 05/15/2020 (S)   337,000    185,350 
         4,081,255 

 

The accompanying notes are an integral part of the financial statements.

99

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Income Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Financials - 3.7%          
Bank of America Corp. (6.100% to          
03/17/2025, then 3 month LIBOR + 3.898%)          
03/17/2025 (Q)  $500,000   $520,625 
Bank of America Corp. (8.125% to          
05/15/2018, then 3 month LIBOR + 3.640%)          
05/15/2018 (Q)   1,500,000    1,538,438 
Citigroup, Inc. (5.875% to 03/27/2020, then          
3 month LIBOR + 4.059%)          
03/27/2020 (Q)   2,500,000    2,525,000 
Citigroup, Inc. (5.950% to 8/15/2020, then          
3 month LIBOR + 4.095%)          
08/15/2020 (Q)   2,000,000    2,036,340 
Citigroup, Inc. (6.300% to 05/15/2024, then          
3 month LIBOR + 3.423%)          
05/15/2024 (Q)   1,500,000    1,537,500 
JPMorgan Chase & Co. (5.150% to          
05/01/2023, then 3 month LIBOR + 3.250%)          
05/01/2023 (Q)   1,000,000    1,005,000 
JPMorgan Chase & Co. (7.900% to          
04/30/2018, then 3 month LIBOR + 3.470%)          
04/30/2018 (Q)   2,500,000    2,568,750 
Morgan Stanley (5.550% to 07/15/2020, then          
3 month LIBOR + 3.810%)          
07/15/2020 (Q)   400,000    408,500 
Wells Fargo & Company (5.900% to          
06/15/2024, then 3 month LIBOR + 3.110%)          
06/15/2024 (Q)   800,000    829,000 
         12,969,153 
Health care - 1.8%          
Mallinckrodt International Finance SA          
5.750%, 08/01/2022 (S)   2,500,000    2,465,625 
Tenet Healthcare Corp. 8.125%, 04/01/2022   2,200,000    2,200,000 
Valeant Pharmaceuticals International, Inc.          
5.375%, 03/15/2020 (S)   1,000,000    925,000 
5.875%, 05/15/2023 (S)   800,000    691,544 
         6,282,169 
Industrials - 0.3%          
The Hertz Corp. 6.750%, 04/15/2019   600,000    613,569 
TransDigm, Inc. 6.500%, 07/15/2024   500,000    526,250 
         1,139,819 
Information technology - 2.2%          
Diamond 1 Finance Corp.          
4.420%, 06/15/2021 (S)   800,000    836,153 
5.450%, 06/15/2023 (S)   1,400,000    1,499,438 
6.020%, 06/15/2026 (S)   1,100,000    1,206,615 
First Data Corp. 7.000%, 12/01/2023 (S)   2,700,000    2,855,250 
Micron Technology, Inc.          
7.500%, 09/15/2023 (S)   1,000,000    1,110,740 
         7,508,196 
Materials - 0.6%          
Ardagh Packaging Finance PLC          
7.250%, 05/15/2024 (S)   2,000,000    2,125,000 
Telecommunication services - 2.0%          
Sprint Communications, Inc.          
11.500%, 11/15/2021   1,500,000    1,725,000 
T-Mobile USA, Inc. 6.633%, 04/28/2021   2,500,000    2,631,250 
Telecom Italia SpA 5.303%, 05/30/2024 (S)   1,500,000    1,533,555 
Ziggo Secured Finance BV          
5.500%, 01/15/2027 (S)   1,000,000    997,500 
         6,887,305 

 

Income Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Utilities - 1.5%          
Calpine Corp. 5.750%, 01/15/2025  $2,000,000   $1,972,500 
InterGen NV 7.000%, 06/30/2023 (S)   4,000,000    3,380,000 
         5,352,500 
TOTAL CORPORATE BONDS (Cost $54,407,235)       $54,565,056 
           
CONVERTIBLE BONDS - 0.5%          
Energy - 0.5%          
Stone Energy Corp. 1.750%, 03/01/2017   286,000    162,484 
Weatherford International, Ltd.          
5.875%, 07/01/2021 (L)   1,410,000    1,581,844 
         1,744,328 
TOTAL CONVERTIBLE BONDS (Cost $1,620,628)       $1,744,328 
           
SECURITIES LENDING COLLATERAL - 2.4%          
John Hancock          
Collateral Trust, 0.6548% (W)(Y)   843,375   $8,439,313 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $8,439,349)       $8,439,313 
           
SHORT-TERM INVESTMENTS - 3.2%          
U.S. Government Agency - 3.2%          
Federal Home Loan Bank Discount Note          
0.100%, 10/03/2016*  $11,105,000   $11,104,938 
TOTAL SHORT-TERM INVESTMENTS (Cost $11,104,938)       $11,104,938 
Total Investments (Income Trust) (Cost $231,295,634) - 71.6%       $248,836,886 
Other assets and liabilities, net - 28.4%        98,763,843 
TOTAL NET ASSETS - 100.0%       $347,600,729 

 

International Core Trust                

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS - 97.3%          
Australia - 5.0%          
Abacus Property Group   71,520   $159,001 
Adelaide Brighton, Ltd.   262,278    1,116,584 
BT Investment Management, Ltd.   22,002    150,975 
Challenger, Ltd.   37,060    290,207 
Charter Hall Retail REIT   35,194    114,554 
CIMIC Group, Ltd.   25,511    565,006 
Credit Corp. Group, Ltd.   3,088    44,202 
CSR, Ltd.   111,937    312,093 
Dexus Property Group   271,621    1,909,108 
Downer EDI, Ltd.   136,165    566,507 
Fairfax Media, Ltd.   965,451    701,302 
Investa Office Fund   33,363    117,093 
LendLease Group   29,135    315,721 
Mirvac Group   736,355    1,269,475 
OZ Minerals, Ltd.   279,185    1,305,535 
Pact Group Holdings, Ltd.   10,706    52,054 
Scentre Group   1,996,942    7,209,343 
Shopping Centres Australasia Property Group   137,102    237,546 
Sonic Healthcare, Ltd.   60,348    1,021,939 
Stockland   197,443    723,121 
Tassal Group, Ltd.   10,522    32,572 
Telstra Corp., Ltd.   1,376,882    5,489,795 
The GPT Group   324,807    1,264,818 

 

The accompanying notes are an integral part of the financial statements.

100

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Core Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Australia (continued)          
The Star Entertainment Group, Ltd.   325,720   $1,510,699 
Westfield Corp. (I)   165,647    1,239,471 
Woodside Petroleum, Ltd.   9,658    214,145 
WorleyParsons, Ltd. (I)   94,887    615,669 
         28,548,535 
Austria - 0.6%          
Oesterreichische Post AG (I)   10,305    365,015 
OMV AG   65,638    1,889,861 
voestalpine AG   38,119    1,317,818 
         3,572,694 
Belgium - 0.4%          
Ageas   13,699    500,885 
AGFA-Gevaert NV (I)   79,909    251,865 
bpost SA   38,887    1,054,517 
Elia System Operator SA   615    31,432 
Gimv NV   3,847    204,277 
Groupe Bruxelles Lambert SA   924    82,017 
Umicore SA   5,748    360,913 
         2,485,906 
Canada - 2.8%          
Air Canada (I)   75,700    611,624 
Bank of Montreal   18,300    1,199,170 
BCE, Inc.   57,500    2,655,532 
BRP, Inc. (I)   2,327    45,531 
Canadian Imperial Bank of Commerce   11,200    868,460 
Canadian Tire Corp., Ltd., Class A   5,500    550,776 
CGI Group, Inc., Class A (I)   19,100    909,760 
Chorus Aviation, Inc.   4,300    20,157 
CI Financial Corp.   36,600    702,178 
Cogeco Communications, Inc.   2,400    118,468 
IAMGOLD Corp. (I)   29,500    119,174 
Linamar Corp.   4,200    175,369 
Martinrea International, Inc.   6,800    42,242 
Metro, Inc.   131,500    4,317,013 
Sun Life Financial, Inc.   83,400    2,713,782 
The North West Company, Inc.   3,600    70,905 
The Toronto-Dominion Bank   3,900    173,129 
Transcontinental, Inc., Class A   42,600    572,135 
         15,865,405 
China - 0.2%          
Yangzijiang Shipbuilding Holdings, Ltd.   1,554,500    859,929 
Denmark - 0.5%          
AP Moeller - Maersk A/S, Class B   991    1,457,658 
Carlsberg A/S, B Shares   8,622    824,038 
Schouw & Company A/S   3,737    243,514 
         2,525,210 
Faroe Islands - 0.1%          
Bakkafrost P/F   17,924    749,841 
Finland - 1.3%          
Fortum OYJ   60,635    979,862 
Metsa Board OYJ   6,385    37,811 
Metso OYJ   13,377    390,376 
Neste OYJ   52,570    2,242,437 
Sponda OYJ   51,869    266,859 
Stora Enso OYJ, R Shares   31,066    275,968 
Tieto OYJ   21,870    690,369 
UPM-Kymmene OYJ   128,717    2,717,819 
         7,601,501 

 

International Core Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
France - 9.9%          
Air France-KLM (I)   52,397   $281,961 
Alten SA   2,340    163,691 
AXA SA   561,662    11,942,220 
BNP Paribas SA   76,421    3,930,626 
Christian Dior SE   19,401    3,479,525 
Cie Generale des Etablissements Michelin   36,559    4,048,385 
CNP Assurances   7,570    127,184 
Credit Agricole SA   84,589    834,382 
Groupe Fnac SA (I)   327    24,022 
IPSOS   1,237    40,407 
Legrand SA   2,875    169,480 
LVMH Moet Hennessy Louis Vuitton SE   11,803    2,012,551 
Metropole Television SA   21,588    389,506 
Orange SA   2,006    31,429 
Rallye SA   1,867    30,647 
Rexel SA   51,669    791,489 
SCOR SE   49,510    1,539,670 
Societe BIC SA   5,239    774,587 
Societe Generale SA   57,739    1,997,449 
Suez   28,166    465,452 
TOTAL SA   386,874    18,400,048 
Valeo SA   30,477    1,778,914 
Vivendi SA   166,042    3,351,156 
         56,604,781 
Germany - 10.7%          
ADVA Optical Networking SE (I)   44,531    449,137 
Allianz SE   63,800    9,481,380 
Amadeus Fire AG   2,129    152,450 
BASF SE   131,620    11,270,060 
Bayerische Motoren Werke AG   69,929    5,887,720 
Bechtle AG   1,579    182,812 
Daimler AG   218,983    15,444,439 
Deutsche Lufthansa AG   227,238    2,533,343 
Deutsche Telekom AG   121,988    2,049,472 
Evonik Industries AG   23,024    779,466 
Fraport AG Frankfurt Airport          
Services Worldwide   9,356    512,058 
Hannover Rueck SE   15,279    1,637,846 
HeidelbergCement AG   14,986    1,417,261 
HeidelbergCement AG (I)   1,703    160,794 
Leoni AG   13,184    479,990 
Muenchener Rueckversicherungs-Gesellschaft          
AG (Munich Re)   18,037    3,368,716 
ProSiebenSat.1 Media SE   52,602    2,255,332 
Rheinmetall AG   2,668    185,968 
RHOEN-KLINIKUM AG   14,761    448,896 
Siemens AG   4,174    489,447 
Software AG   27,990    1,186,268 
STADA Arzneimittel AG   13,070    727,206 
         61,100,061 
Hong Kong - 4.0%          
BOC Hong Kong Holdings, Ltd.   553,000    1,881,528 
Champion REIT   890,000    541,557 
CK Hutchison Holdings, Ltd.   179,172    2,290,221 
Dah Sing Banking Group, Ltd.   188,800    340,383 
Dah Sing Financial Holdings, Ltd.   33,600    221,392 
Fortune Real Estate Investment Trust   24,000    30,160 
Giordano International, Ltd.   366,000    188,657 
Global Brands Group Holding, Ltd. (I)   246,000    25,217 
Henderson Land Development Company, Ltd.   103,600    618,157 
Hongkong Land Holdings, Ltd.   283,200    2,017,738 
Hysan Development Company, Ltd.   225,000    1,058,638 

 

The accompanying notes are an integral part of the financial statements.  
101

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Core Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Hong Kong (continued)          
Kerry Properties, Ltd.   323,500   $1,062,785 
Link REIT   470,000    3,469,584 
Luk Fook Holdings International, Ltd.   74,000    181,718 
Man Wah Holdings, Ltd.   140,000    90,041 
Pacific Textiles Holdings, Ltd.   232,000    301,605 
Shun Tak Holdings, Ltd.   278,000    90,135 
SJM Holdings, Ltd.   1,217,000    901,881 
SmarTone Telecommunications Holdings, Ltd.   150,000    248,484 
Sun Hung Kai Properties, Ltd.   101,802    1,547,671 
Swire Pacific, Ltd., Class A   115,000    1,245,478 
Swire Properties, Ltd.   50,200    147,647 
Television Broadcasts, Ltd.   37,600    143,967 
Texwinca Holdings, Ltd.   112,000    77,605 
The Bank of East Asia, Ltd.   22,545    92,015 
The Wharf Holdings, Ltd.   295,000    2,164,289 
Wheelock & Company, Ltd.   268,000    1,591,858 
Xinyi Automobile Glass Hong          
Kong Enterprises, Ltd. (I)   72,250    15,183 
Xinyi Glass Holdings, Ltd. (I)   570,000    518,225 
         23,103,819 
Ireland - 0.3%          
AerCap Holdings NV (I)   28,700    1,104,663 
ICON PLC (I)   4,000    309,480 
Smurfit Kappa Group PLC   5,356    119,721 
         1,533,864 
Isle of Man - 0.0%          
Playtech PLC   3,059    36,102 
Israel - 1.6%          
Bank Hapoalim BM   180,048    1,022,342 
Bank Leumi Le-Israel BM (I)   473,420    1,801,755 
Bezeq The          
Israeli Telecommunication Corp., Ltd.   186,593    352,060 
Check Point Software Technologies, Ltd. (I)   48,600    3,771,846 
Israel Discount Bank, Ltd., Class A (I)   356,723    656,689 
Mizrahi Tefahot Bank, Ltd.   6,471    82,300 
Teva Pharmaceutical Industries, Ltd.   24,855    1,153,642 
Teva Pharmaceutical Industries, Ltd., ADR   9,700    446,297 
         9,286,931 
Italy - 2.6%          
A2A SpA   335,013    473,163 
Amplifon SpA   16,511    169,529 
ASTM SpA   15,817    172,770 
Banca Mediolanum SpA   198,144    1,313,732 
De’Longhi SpA   4,344    105,213 
Enel SpA   795,842    3,546,865 
Eni SpA   280,974    4,048,939 
EXOR SpA   12,175    492,985 
Hera SpA   140,079    377,229 
Industria Macchine Automatiche SpA   589    39,124 
Iren SpA   85,761    147,472 
Italmobiliare SpA   576    29,099 
MARR SpA   12,043    241,341 
Poste Italiane SpA (S)   26,134    179,305 
Recordati SpA   48,532    1,559,813 
Reply SpA   1,649    216,853 
Snam SpA   126,526    701,573 
Societa Cattolica di Assicurazioni SCRL   45,545    254,807 
Societa Iniziative Autostradali e Servizi SpA   2,081    19,890 
Telecom Italia SpA (I)   1,490,838    1,012,051 
         15,101,753 

 

International Core Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Japan - 26.5%          
Adastria Company, Ltd.   2,600   $59,735 
Aisin Seiki Company, Ltd.   26,300    1,204,900 
AOKI Holdings, Inc.   15,600    176,643 
Aoyama Trading Company, Ltd.   13,000    449,615 
Asahi Group Holdings, Ltd.   10,700    389,772 
Autobacs Seven Company, Ltd.   11,200    160,614 
Bridgestone Corp.   15,900    585,816 
Calsonic Kansei Corp.   96,000    889,290 
Canon, Inc.   89,200    2,589,688 
Cawachi, Ltd.   1,300    31,498 
Central Japan Railway Company   20,100    3,441,221 
Century Tokyo Leasing Corp.   5,100    185,333 
Coca-Cola West Company, Ltd.   41,900    1,172,700 
Concordia Financial Group, Ltd.   16,400    71,557 
Cosmo Energy Holdings Company, Ltd.   13,500    170,125 
Credit Saison Company, Ltd.   5,600    92,973 
Daiichi Sankyo Company, Ltd.   16,400    394,066 
Daiichikosho Company, Ltd.   6,100    249,064 
Daito Trust Construction Company, Ltd.   8,800    1,407,468 
Daiwa House Industry Company, Ltd.   39,700    1,089,554 
Daiwabo Holdings Company, Ltd.   55,000    129,996 
DCM Holdings Company, Ltd.   54,800    470,927 
DeNA Company, Ltd.   64,300    2,337,995 
Denka Company, Ltd.   153,000    662,620 
Doutor Nichires Holdings Company, Ltd.   2,200    40,425 
Exedy Corp.   3,200    81,356 
FamilyMart UNY Holdings Company, Ltd.   21,274    1,420,175 
Fuji Heavy Industries, Ltd.   44,784    1,680,273 
FUJIFILM Holdings Corp.   131,900    4,885,957 
Fujitsu General, Ltd.   10,000    216,662 
Fukuoka Financial Group, Inc.   43,000    178,723 
Fuyo General Lease Company, Ltd.   3,600    179,026 
Geo Holdings Corp.   3,600    46,584 
Glory, Ltd.   3,900    128,599 
Gree, Inc.   116,000    652,153 
Hanwa Company, Ltd.   125,000    758,939 
Haseko Corp.   111,700    1,074,412 
Hitachi Capital Corp.   4,700    99,931 
Horiba, Ltd.   9,900    487,791 
Hoya Corp.   14,400    579,281 
Inaba Denki Sangyo Company, Ltd.   5,200    187,960 
Inpex Corp.   92,300    839,235 
Isuzu Motors, Ltd.   16,400    193,046 
ITOCHU Corp.   796,000    10,021,295 
Itochu Enex Company, Ltd.   7,900    60,817 
Jafco Company, Ltd.   2,400    70,506 
Japan Airlines Company, Ltd.   117,200    3,445,150 
Japan Tobacco, Inc.   12,800    523,971 
K’s Holdings Corp.   11,000    181,816 
Kaneka Corp.   13,000    102,927 
Kanematsu Corp.   190,000    295,289 
Kato Sangyo Company, Ltd.   2,700    63,964 
KDDI Corp.   521,470    16,156,190 
Keihin Corp.   14,500    229,919 
Kewpie Corp.   3,400    105,265 
Kinden Corp.   5,000    57,643 
Kobe Steel, Ltd. (I)   33,800    306,563 
Kokuyo Company, Ltd.   24,800    360,390 
Kuraray Company, Ltd.   14,400    213,624 
Kuroda Electric Company, Ltd.   5,200    99,788 
Mandom Corp.   1,300    59,509 
Marubeni Corp.   485,376    2,493,424 
Medipal Holdings Corp.   60,000    1,040,048 

 

The accompanying notes are an integral part of the financial statements.  
102

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Core Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Japan (continued)          
Mitsubishi Chemical Holdings Corp.   184,100   $1,154,197 
Mitsubishi Electric Corp.   106,000    1,358,571 
Mitsubishi UFJ Financial Group, Inc.   1,704,600    8,635,651 
Mitsubishi UFJ Lease &          
Finance Company, Ltd.   70,900    325,355 
Mitsui & Company, Ltd.   323,400    4,481,965 
Mitsui Mining & Smelting Company, Ltd.   119,000    249,147 
Mizuho Financial Group, Inc.   1,338,000    2,255,117 
Namura Shipbuilding Company, Ltd.   6,000    40,598 
NHK Spring Company, Ltd.   32,800    317,970 
Nichiha Corp.   9,700    216,404 
Nippo Corp.   9,000    171,141 
Nippon Flour Mills Company, Ltd.   8,000    122,975 
Nippon Paper Industries Company, Ltd.   4,800    87,818 
Nippon Steel & Sumikin Bussan Corp.   5,400    191,433 
Nippon Telegraph & Telephone Corp.   291,500    13,332,041 
Nissan Chemical Industries, Ltd.   9,400    285,770 
Nissan Motor Company, Ltd.   137,996    1,353,586 
Nissin Electric Company, Ltd.   2,200    36,674 
Nitori Holdings Company, Ltd.   11,100    1,330,588 
NOK Corp.   8,900    194,745 
NTT DOCOMO, Inc.   149,300    3,792,670 
Onward Holdings Company, Ltd.   19,000    136,928 
ORIX Corp.   54,600    805,495 
Otsuka Holdings Company, Ltd.   101,400    4,622,083 
PanaHome Corp.   17,000    135,353 
Pola Orbis Holdings, Inc.   4,400    393,874 
Resona Holdings, Inc.   179,300    754,064 
Ricoh Company, Ltd.   82,600    747,482 
Ryohin Keikaku Company, Ltd.   1,700    343,330 
San-A Company, Ltd.   1,500    75,182 
Sanwa Holdings Corp.   20,500    198,460 
Sanyo Shokai, Ltd.   45,000    74,538 
Seiko Epson Corp.   15,800    304,235 
Sekisui Chemical Company, Ltd.   74,700    1,074,350 
Sekisui House, Ltd.   125,600    2,139,806 
Shimamura Company, Ltd.   400    48,697 
Showa Denko KK   16,400    206,584 
Sojitz Corp.   1,171,400    3,001,231 
Sumitomo Corp.   223,900    2,506,481 
Sumitomo Forestry Company, Ltd.   56,300    753,500 
Sumitomo Heavy Industries, Ltd.   58,000    286,577 
Sumitomo Metal Mining Company, Ltd.   22,000    303,858 
Sumitomo Mitsui Financial Group, Inc.   372,500    12,582,905 
Sumitomo Mitsui Trust Holdings, Inc.   9,800    320,182 
Sumitomo Osaka Cement Company, Ltd.   125,000    580,275 
Sumitomo Rubber Industries, Ltd.   27,100    409,912 
Sundrug Company, Ltd.   5,700    478,454 
Suzuken Company, Ltd.   13,700    452,381 
T-Gaia Corp.   11,300    161,720 
The Chiba Bank, Ltd.   17,000    96,546 
The Daishi Bank, Ltd.   18,000    69,189 
The Ogaki Kyoritsu Bank, Ltd.   37,000    123,354 
The Yokohama Rubber Company, Ltd.   27,100    433,797 
Toei Company, Ltd.   8,000    64,849 
Toho Holdings Company, Ltd.   27,600    585,658 
Tokai Rika Company, Ltd.   16,400    321,117 
Tokyo Electric Power Company, Inc. (I)   130,200    564,014 
Tosoh Corp.   212,000    1,306,685 
Toyota Tsusho Corp.   75,800    1,761,571 
TPR Company, Ltd.   5,200    146,284 
TS Tech Company, Ltd.   19,900    503,935 
Tsuruha Holdings, Inc.   2,100    242,761 

 

International Core Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Japan (continued)          
UKC Holdings Corp.   5,300   $86,948 
Valor Holdings Company, Ltd.   6,300    177,690 
Wacoal Holdings Corp.   13,000    146,742 
West Japan Railway Company   10,900    676,173 
Yamada Denki Company, Ltd.   364,100    1,805,965 
Yamaguchi Financial Group, Inc.   11,000    117,252 
Yuasa Trading Company, Ltd.   6,000    137,848 
Zeon Corp.   50,000    443,489 
         151,676,016 
Luxembourg - 0.1%          
RTL Group SA   3,847    319,591 
Malta - 0.0%          
BGP Holdings PLC (I)   2,126,418    136,157 
Netherlands - 3.7%          
Aalberts Industries NV   6,942    236,443 
Boskalis Westminster NV   11,434    406,947 
Corbion NV   12,917    347,699 
Heineken Holding NV   12,212    978,378 
Heineken NV   20,070    1,764,186 
ING Groep NV (I)   270,557    3,340,210 
Koninklijke Ahold Delhaize NV   320,515    7,300,076 
Philips Lighting NV (I)(S)   3,984    105,912 
PostNL NV (I)   358,733    1,627,579 
Randstad Holding NV   7,313    332,542 
Royal Dutch Shell PLC, A Shares   9,041    224,920 
TomTom NV (I)   51,962    497,138 
Wolters Kluwer NV   89,112    3,809,665 
         20,971,695 
New Zealand - 0.2%          
Air New Zealand, Ltd.   182,691    247,816 
Chorus, Ltd.   29,740    84,719 
Fletcher Building, Ltd.   17,306    135,531 
SKY Network Television, Ltd.   126,962    455,447 
         923,513 
Norway - 1.6%          
Avance Gas Holding, Ltd. (S)   3,025    7,289 
DNB ASA   48,552    638,301 
Orkla ASA   201,594    2,087,557 
Salmar ASA   3,901    119,262 
Statoil ASA   132,180    2,219,077 
Storebrand ASA (I)   93,715    464,467 
Telenor ASA   101,753    1,749,734 
Yara International ASA   56,724    1,890,215 
         9,175,902 
Portugal - 0.1%          
CTT-Correios de Portugal SA   82,752    557,080 
REN - Redes Energeticas Nacionais SGPS SA   8,634    25,237 
The Navigator Company SA   18,588    53,446 
         635,763 
Singapore - 0.3%          
Ascendas Real Estate Investment Trust   60,300    111,645 
BW LPG, Ltd. (S)   21,426    61,353 
CapitaLand Commercial Trust   272,200    318,350 
CapitaLand Mall Trust   144,700    230,533 
Mapletree Greater China Commercial Trust   493,700    398,798 
Mapletree Industrial Trust   221,100    289,663 
Mapletree Logistics Trust   66,900    52,646 
SATS, Ltd.   51,100    186,790 
UOL Group, Ltd.   50,000    206,670 

 

The accompanying notes are an integral part of the financial statements.  
103

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Core Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Singapore (continued)          
Venture Corp., Ltd.   14,400   $95,327 
         1,951,775 
Spain - 2.7%          
Ebro Foods SA   54,324    1,263,602 
Endesa SA   307,560    6,594,036 
Iberdrola SA   646,204    4,393,825 
Red Electrica Corp. SA   40,809    880,522 
Repsol SA   152,468    2,071,172 
Viscofan SA   3,578    193,646 
         15,396,803 
Sweden - 1.7%          
Axfood AB   55,110    972,913 
Bilia AB, A Shares   12,574    310,005 
Bonava AB, B Shares (I)   23,225    292,695 
Fastighets AB Balder, B Shares (I)   14,594    387,987 
Industrivarden AB, C Shares   7,041    130,323 
Intrum Justitia AB   21,394    689,984 
Investor AB, B Shares   13,022    476,145 
NCC AB, B Shares   36,925    967,630 
Sandvik AB   119,790    1,318,133 
Skanska AB, B Shares   18,046    421,604 
Telefonaktiebolaget LM Ericsson, B Shares   393,879    2,843,918 
Volvo AB, B Shares   41,684    475,943 
Wihlborgs Fastigheter AB   9,990    212,604 
         9,499,884 
Switzerland - 5.2%          
Adecco Group AG   38,975    2,196,854 
Autoneum Holding AG   901    253,510 
Cembra Money Bank AG (I)   3,262    255,893 
dorma+kaba Holding AG (I)   624    462,627 
Emmi AG (I)   56    38,401 
EMS-Chemie Holding AG   2,443    1,313,128 
Flughafen Zuerich AG   1,964    383,950 
Forbo Holding AG (I)   294    395,519 
Georg Fischer AG   1,235    1,082,717 
Givaudan SA   211    430,170 
Helvetia Holding AG   257    129,641 
Komax Holding AG   114    27,935 
Kuehne + Nagel International AG   17,677    2,568,932 
Logitech International SA (SIX          
Swiss Exchange)   20,224    453,951 
Roche Holding AG   3,951    981,818 
SGS SA   84    188,225 
Sika AG   153    745,432 
Swiss Life Holding AG (I)   3,952    1,024,843 
Swiss Re AG   161,953    14,627,342 
The Swatch Group AG   518    146,846 
The Swatch Group AG   2,948    164,142 
Vontobel Holding AG   3,550    176,551 
Zurich Insurance Group AG (I)   6,552    1,689,722 
         29,738,149 
United Kingdom - 15.2%          
AstraZeneca PLC   261,464    16,930,188 
Bellway PLC   10,837    332,325 
Berkeley Group Holdings PLC   70,778    2,364,944 
Bovis Homes Group PLC   19,992    226,671 
BP PLC   1,327,164    7,735,649 
British American Tobacco PLC   116,659    7,440,011 
British American Tobacco PLC, ADR   5,500    702,075 
Carillion PLC   100,948    324,351 
Centrica PLC   1,176,647    3,479,047 

 

International Core Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
United Kingdom (continued)          
Compass Group PLC   121,682   $2,356,560 
Crest Nicholson Holdings PLC   19,412    113,508 
Dart Group PLC   8,439    45,856 
Direct Line Insurance Group PLC   101,930    481,488 
EnQuest PLC (I)   292,516    101,360 
Galliford Try PLC   7,934    136,201 
GlaxoSmithKline PLC   409,970    8,731,716 
GlaxoSmithKline PLC, ADR (I)   13,400    577,942 
Henderson Group PLC   250,700    752,573 
Hunting PLC   22,180    132,026 
IG Group Holdings PLC   24,609    277,677 
Imperial Brands PLC   117,257    6,035,259 
Inchcape PLC   145,685    1,243,091 
Indivior PLC   73,909    293,923 
Intermediate Capital Group PLC   25,021    191,051 
International Consolidated Airlines Group SA   2,797    14,512 
J Sainsbury PLC   331,263    1,055,087 
Jupiter Fund Management PLC   83,705    461,488 
Kingfisher PLC   487,254    2,377,330 
National Express Group PLC   12,462    55,639 
Next PLC   1,145    70,874 
Persimmon PLC   149,459    3,514,148 
Reckitt Benckiser Group PLC   66,097    6,222,662 
Redrow PLC   12,441    64,381 
Royal Mail PLC   312,986    1,986,081 
Savills PLC   5,397    50,068 
Subsea 7 SA (I)   10,579    114,157 
The Sage Group PLC   56,816    542,854 
Unilever NV   26,080    1,201,596 
WH Smith PLC   53,449    1,066,266 
WM Morrison Supermarkets PLC   449,135    1,268,193 
WPP PLC   250,763    5,894,309 
         86,965,137 
TOTAL COMMON STOCKS (Cost $556,034,222)       $556,366,717 
           
PREFERRED SECURITIES - 0.6%          
Germany - 0.6%          
Jungheinrich AG   11,722    396,745 
Porsche Automobil Holding SE   55,435    2,835,674 
         3,232,419 
TOTAL PREFERRED SECURITIES (Cost $4,493,925)       $3,232,419 
           
SHORT-TERM INVESTMENTS - 0.8%          
Money market funds - 0.8%          
JPMorgan U.S. Treasury Plus Money Market          
Fund, Institutional Class, 0.1943% (Y)   4,919,160   $4,919,160 
TOTAL SHORT-TERM INVESTMENTS (Cost $4,919,160)       $4,919,160 
Total Investments (International Core Trust)          
(Cost $565,447,307) - 98.7%       $564,518,296 
Other assets and liabilities, net - 1.3%        7,461,350 
TOTAL NET ASSETS - 100.0%       $571,979,646 

 

The accompanying notes are an integral part of the financial statements.  
104

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Equity Index Trust B

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS - 96.9%          
Australia - 5.2%          
AGL Energy, Ltd.   22,581   $330,593 
Alumina, Ltd.   102,919    115,872 
Amcor, Ltd.   39,713    462,550 
AMP, Ltd.   98,917    402,135 
APA Group   35,920    235,332 
Aristocrat Leisure, Ltd.   18,777    228,459 
ASX, Ltd.   6,730    249,336 
Aurizon Holdings, Ltd.   67,567    244,298 
AusNet Services   44,144    55,640 
Australia & New Zealand Banking Group, Ltd.   98,905    2,106,833 
Bank of Queensland, Ltd.   15,088    132,148 
Bendigo & Adelaide Bank, Ltd.   19,027    157,809 
BHP Billiton PLC   72,048    1,083,493 
BHP Billiton, Ltd.   109,737    1,900,921 
Boral, Ltd.   30,626    159,316 
Brambles, Ltd.   50,911    469,275 
Caltex Australia, Ltd.   9,411    248,816 
Challenger, Ltd.   19,540    153,012 
CIMIC Group, Ltd.   3,702    81,990 
Coca-Cola Amatil, Ltd.   16,634    131,162 
Cochlear, Ltd.   2,020    218,954 
Commonwealth Bank of Australia   57,910    3,229,252 
Computershare, Ltd.   16,916    134,170 
Crown Resorts, Ltd.   14,609    147,367 
CSL, Ltd.   15,926    1,309,606 
Dexus Property Group   30,665    215,531 
Domino’s Pizza Enterprises, Ltd.   2,059    111,561 
DUET Group   79,613    153,280 
Flight Centre Travel Group, Ltd. (L)   2,493    69,791 
Fortescue Metals Group, Ltd.   50,633    193,802 
Goodman Group   66,010    369,966 
Harvey Norman Holdings, Ltd.   15,848    63,438 
Healthscope, Ltd.   65,916    155,692 
Incitec Pivot, Ltd.   50,454    109,658 
Insurance Australia Group, Ltd.   87,472    368,387 
LendLease Group   20,344    220,458 
Macquarie Group, Ltd.   9,924    627,639 
Medibank Pvt, Ltd.   94,782    180,559 
Mirvac Group   125,759    216,808 
National Australia Bank, Ltd.   89,595    1,925,935 
Newcrest Mining, Ltd.   27,130    457,959 
Oil Search, Ltd.   47,003    258,870 
Orica, Ltd.   13,519    158,372 
Origin Energy, Ltd.   53,340    224,952 
Platinum Asset Mangement, Ltd.   10,739    41,557 
Qantas Airways, Ltd.   11,580    27,813 
QBE Insurance Group, Ltd.   44,109    315,623 
Ramsay Health Care, Ltd.   5,134    312,398 
REA Group, Ltd.   2,460    106,998 
Santos, Ltd.   55,812    157,305 
Scentre Group   184,773    667,066 
SEEK, Ltd.   11,910    142,778 
Sonic Healthcare, Ltd.   14,194    240,363 
South32, Ltd.   112,851    210,266 
South32, Ltd. (London Stock Exchange)   74,597    141,429 
Stockland   78,546    287,669 
Suncorp Group, Ltd.   41,061    383,074 
Sydney Airport   43,802    234,782 
Tabcorp Holdings, Ltd.   36,319    139,078 
Tatts Group, Ltd.   57,103    160,492 
Telstra Corp., Ltd.   147,901    589,699 
The GPT Group   65,090    253,464 
TPG Telecom, Ltd.   12,913    85,688 

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Australia (continued)          
Transurban Group   68,305   $596,940 
Treasury Wine Estates, Ltd.   27,796    235,896 
Vicinity Centres   108,802    265,343 
Vocus Communications, Ltd.   19,820    95,053 
Wesfarmers, Ltd.   38,600    1,308,586 
Westfield Corp. (I)   69,727    521,740 
Westpac Banking Corp.   112,787    2,566,152 
Woodside Petroleum, Ltd.   23,956    531,172 
Woolworths, Ltd.   43,953    786,925 
         31,476,346 
Austria - 0.1%          
ANDRITZ AG   2,752    149,757 
Erste Group Bank AG (I)   8,613    255,047 
OMV AG   5,543    159,595 
Raiffeisen Bank International AG (I)   2,225    33,867 
voestalpine AG   4,357    150,627 
         748,893 
Belgium - 1.0%          
Ageas   7,799    285,161 
Anheuser-Busch InBev SA/NV   26,983    3,548,501 
Colruyt SA   2,769    153,779 
Groupe Bruxelles Lambert SA   3,135    278,273 
KBC Groep NV   8,597    501,860 
Proximus SADP   5,996    179,377 
Solvay SA   2,881    333,830 
Telenet Group Holding NV (I)   2,144    111,999 
UCB SA   3,593    278,120 
Umicore SA   3,265    205,007 
         5,875,907 
Brazil - 1.0%          
Ambev SA   161,130    981,995 
Banco Bradesco SA   26,372    229,893 
Banco do Brasil SA   29,813    209,011 
Banco Santander Brasil SA   14,000    94,707 
BB Seguridade Participacoes SA   24,400    224,182 
BM&FBovespa SA   55,376    286,232 
BR Malls Participacoes SA (I)   20,033    75,767 
Braskem SA, ADR (L)   1,584    24,362 
BRF SA   19,720    335,443 
CCR SA   26,900    140,118 
Centrais Eletricas Brasileiras SA, ADR (I)   1,429    10,525 
CETIP SA - Mercados Organizados   8,214    108,303 
Cia Brasileira de Distribuicao, ADR   628    10,293 
Cia de Saneamento Basico do Estado de          
Sao Paulo   12,870    119,473 
Cia Siderurgica Nacional SA (I)   16,100    45,001 
Cia Siderurgica Nacional SA, ADR (I)(L)   11,800    32,568 
Cielo SA   32,884    328,724 
Cosan SA Industria e Comercio   4,911    56,945 
CPFL Energia SA   4,848    36,060 
Duratex SA   12,966    34,287 
EDP - Energias do Brasil SA   11,126    49,196 
Embraer SA   10,800    46,526 
Embraer SA, ADR   2,626    45,325 
Engie Brasil Energia SA   6,400    75,765 
Equatorial Energia SA   6,700    103,668 
Fibria Celulose SA   3,172    22,443 
Fibria Celulose SA, ADR (L)   6,862    48,514 
Hypermarcas SA   10,008    85,766 
JBS SA   15,473    56,237 
Klabin SA   17,800    93,265 

 

The accompanying notes are an integral part of the financial statements.  
105

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Brazil (continued)          
Kroton Educacional SA   47,780   $217,292 
Localiza Rent a Car SA   5,576    67,999 
Lojas Renner SA   19,700    148,228 
M Dias Branco SA   800    32,692 
Multiplan Empreendimentos Imobiliarios SA   3,152    61,254 
Natura Cosmeticos SA   6,500    62,419 
Odontoprev SA   11,500    45,722 
Petroleo Brasileiro SA (I)   97,329    453,104 
Porto Seguro SA   4,419    40,519 
Qualicorp SA   4,950    29,193 
Raia Drogasil SA   8,100    165,081 
Rumo Logistica Operadora Multimodal SA (I)   19,396    37,693 
Sul America SA   6,310    31,490 
Telefonica Brasil SA, ADR   6,017    87,066 
Tim Participacoes SA   32,920    79,968 
TOTVS SA   4,500    42,037 
Ultrapar Participacoes SA   12,100    264,387 
Vale SA   40,700    222,889 
WEG SA   21,060    114,361 
         6,213,988 
Canada - 6.7%          
Agnico Eagle Mines, Ltd.   7,200    389,375 
Agrium, Inc.   4,600    416,716 
Alimentation Couche-Tard, Inc., Class B   14,400    697,856 
AltaGas, Ltd.   6,200    159,448 
ARC Resources, Ltd. (L)   11,900    215,242 
Atco, Ltd., Class I   2,800    99,498 
Bank of Montreal   21,500    1,408,861 
Barrick Gold Corp.   40,640    719,591 
BCE, Inc.   5,424    250,497 
BlackBerry, Ltd. (I)   19,900    158,660 
Bombardier, Inc., Class B (I)   67,600    92,747 
Brookfield Asset Management, Inc., Class A   28,648    1,007,304 
CAE, Inc.   8,000    113,602 
Cameco Corp.   16,400    140,130 
Canadian Imperial Bank of Commerce (L)   13,600    1,054,558 
Canadian National Railway Company   26,000    1,699,577 
Canadian Natural Resources, Ltd.   37,360    1,194,313 
Canadian Pacific Railway, Ltd.   4,800    732,430 
Canadian Tire Corp., Ltd., Class A   2,600    260,367 
Canadian Utilities, Ltd., Class A   4,800    135,444 
CCL Industries, Inc., Class B   1,000    192,545 
Cenovus Energy, Inc.   27,000    387,522 
CGI Group, Inc., Class A (I)   7,000    333,420 
CI Financial Corp.   8,400    161,156 
Constellation Software, Inc.   700    315,556 
Crescent Point Energy Corp.   17,300    228,126 
Dollarama, Inc.   4,000    312,298 
Eldorado Gold Corp. (I)   25,100    98,720 
Element Financial Corp.   13,200    165,208 
Empire Company, Ltd.   5,700    85,025 
Enbridge, Inc.   31,600    1,388,815 
Encana Corp.   30,700    320,818 
Fairfax Financial Holdings, Ltd.   800    468,750 
Finning International, Inc.   4,900    91,132 
First Capital Realty, Inc.   4,700    78,742 
First Quantum Minerals, Ltd.   24,054    199,113 
Fortis, Inc.   10,100    324,798 
Franco-Nevada Corp.   6,300    440,152 
George Weston, Ltd.   1,600    133,469 
Gildan Activewear, Inc.   7,900    220,630 
Goldcorp, Inc.   27,184    448,595 
Great-West Lifeco, Inc.   9,500    233,816 

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Canada (continued)          
H&R Real Estate Investment Trust   5,700   $97,451 
Husky Energy, Inc. (I)   14,097    172,673 
Hydro One, Ltd. (S)   7,000    138,191 
IGM Financial, Inc.   3,300    89,093 
Imperial Oil, Ltd.   10,630    332,524 
Industrial Alliance Insurance &          
Financial Services, Inc.   3,500    125,999 
Intact Financial Corp.   4,200    303,615 
Inter Pipeline, Ltd.   11,700    247,029 
Keyera Corp.   6,800    219,868 
Kinross Gold Corp. (I)   43,729    184,322 
Linamar Corp.   1,700    70,983 
Loblaw Companies, Ltd.   7,840    403,369 
Magna International, Inc.   14,000    600,999 
Manulife Financial Corp. (O)   67,600    953,753 
Methanex Corp. (Toronto Stock Exchange)   3,500    124,692 
Metro, Inc.   8,600    282,329 
National Bank of Canada (L)   11,800    418,412 
Onex Corp.   2,600    167,441 
Open Text Corp.   3,900    252,618 
Pembina Pipeline Corp.   13,300    405,301 
Peyto Exploration & Development Corp.   6,000    168,391 
Potash Corp. of Saskatchewan, Inc.   29,500    480,068 
Power Corp. of Canada   13,800    292,314 
Power Financial Corp.   9,000    208,545 
PrairieSky Royalty, Ltd.   7,947    162,035 
Restaurant Brands International, Inc.   7,846    349,854 
RioCan Real Estate Investment Trust   5,300    109,963 
Rogers Communications, Inc., Class B   12,400    526,075 
Royal Bank of Canada   50,000    3,096,917 
Saputo, Inc.   9,100    316,223 
Seven Generations Energy, Ltd., Class A (I)   6,800    163,683 
Shaw Communications, Inc., Class B   14,600    298,800 
Silver Wheaton Corp.   15,500    418,705 
Smart Real Estate Investment Trust   2,800    75,445 
SNC-Lavalin Group, Inc.   5,300    208,170 
Sun Life Financial, Inc.   21,500    699,596 
Suncor Energy, Inc.   55,535    1,541,663 
Teck Resources, Ltd., Class B   19,761    356,224 
TELUS Corp.   6,100    201,280 
The Bank of Nova Scotia (L)   41,000    2,172,583 
The Jean Coutu Group PJC, Inc., Class A   2,900    44,496 
The Toronto-Dominion Bank   62,200    2,761,178 
Thomson Reuters Corp.   11,077    458,041 
Tourmaline Oil Corp. (I)   7,400    200,462 
TransCanada Corp. (L)   24,100    1,144,610 
Turquoise Hill Resources, Ltd. (I)   40,020    118,356 
Veresen, Inc.   12,100    123,587 
Vermilion Energy, Inc.   4,000    154,945 
Waste Connections, Inc.   1,782    132,908 
West Fraser Timber Company, Ltd.   2,400    73,960 
Yamana Gold, Inc.   36,544    157,379 
         40,381,740 
Chile - 0.2%          
Antofagasta PLC   15,103    102,306 
Banco Santander Chile, ADR   13,061    270,232 
Cencosud SA   61,383    183,954 
Cia Cervecerias Unidas SA, ADR   6,197    125,117 
Empresa Nacional de          
Electricidad SA, ADR (L)   6,770    134,317 
Endesa Americas SA, ADR   6,770    92,749 
Enersis Americas SA, ADR   26,429    216,454 
Enersis Chile SA   26,429    125,538 

 

The accompanying notes are an integral part of the financial statements.  
106

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Chile (continued)          
Itau CorpBanca, ADR   2,999   $39,947 
Latam Airlines Group SA, ADR (I)(L)   11,197    90,920 
Sociedad Quimica y Minera de Chile SA, ADR   4,454    119,813 
         1,501,347 
China - 5.1%          
58.com, Inc., ADR (I)   1,500    71,490 
AAC Technologies Holdings, Inc.   27,342    276,264 
Agricultural Bank of China, Ltd., H Shares   807,000    348,089 
Air China, Ltd., H Shares   84,534    57,144 
Alibaba Group Holding, Ltd., ADR (I)   37,800    3,998,862 
Aluminum Corp. of China, Ltd., H Shares (I)   185,220    67,574 
Anhui Conch Cement Company, Ltd., H Shares   56,790    156,960 
ANTA Sports Products, Ltd.   17,000    46,482 
AviChina Industry & Technology          
Company, Ltd., H Shares   72,000    48,837 
Baidu, Inc., ADR (I)   9,200    1,675,044 
Bank of China, Ltd., H Shares   2,759,563    1,274,377 
Bank of Communications Company, Ltd.,          
H Shares   337,527    259,609 
Beijing Capital International Airport          
Company, Ltd., H Shares   52,789    60,176 
Belle International Holdings, Ltd.   185,860    128,686 
BYD Company, Ltd., H Shares   24,105    160,343 
CGN Power Company, Ltd., H Shares (S)   226,000    67,330 
China Cinda Asset Management          
Company, Ltd., H Shares   304,800    108,553 
China CITIC Bank Corp., Ltd., H Shares   310,800    207,887 
China Coal Energy Company, Ltd., H Shares (I)   179,000    97,432 
China Communications Construction          
Company, Ltd., H Shares   152,335    161,665 
China Communications Services Corp., Ltd.,          
H Shares   129,600    81,346 
China Conch Venture Holdings, Ltd.   46,400    90,806 
China Construction Bank Corp., H Shares   2,823,914    2,120,868 
China COSCO Holdings Company, Ltd.,          
H Shares (I)   115,631    39,637 
China Everbright Bank Company, Ltd.,          
H Shares   120,000    56,201 
China Evergrande Group   148,959    101,788 
China Galaxy Securities Company, Ltd.,          
H Shares   129,500    119,110 
China Huishan Dairy Holdings Company, Ltd.   225,000    84,241 
China Life Insurance Company, Ltd., H Shares   258,624    677,637 
China Longyuan Power Group Corp., H Shares   99,000    81,120 
China Medical System Holdings, Ltd.   37,300    63,059 
China Mengniu Dairy Company, Ltd.   89,004    166,584 
China Merchants Bank Company, Ltd.,          
H Shares   130,823    332,687 
China Minsheng Banking Corp., Ltd., H Shares   202,080    234,761 
China National Building Material          
Company, Ltd., H Shares   116,000    51,951 
China Oilfield Services, Ltd., H Shares   56,000    49,108 
China Pacific Insurance Group Company, Ltd.,          
H Shares   90,500    338,455 
China Petroleum & Chemical Corp., H Shares   881,361    650,674 
China Railway Construction Corp., H Shares   67,500    77,346 
China Railway Group, Ltd., H Shares   179,000    130,867 
China Shenhua Energy Company, Ltd.,          
H Shares   127,500    252,001 
China Shipping Container Lines Company, Ltd.,          
H Shares (I)   145,123    31,285 
China Southern Airlines Company, Ltd.,          
H Shares   64,000    36,103 

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
China (continued)          
China Telecom Corp., Ltd., H Shares   481,604   $245,697 
China Vanke Company, Ltd., H Shares   45,400    118,692 
Chongqing Rural Commercial Bank, H Shares   88,000    54,575 
CITIC Securities Company, Ltd., H Shares   75,500    161,921 
CNOOC, Ltd.   621,258    783,725 
Country Garden Holdings Company, Ltd.   237,574    126,232 
CRRC Corp., Ltd., H Shares   164,150    149,430 
CSPC Pharmaceutical Group, Ltd.   144,000    144,574 
Ctrip.com International, Ltd., ADR (I)   11,300    526,241 
Dongfeng Motor Group Company, Ltd.,          
H Shares   123,220    124,261 
ENN Energy Holdings, Ltd.   26,000    127,283 
Fosun International, Ltd.   60,000    90,858 
Geely Automobile Holdings, Ltd.   75,000    67,534 
GF Securities Company, Ltd., H Shares   32,600    69,493 
GOME Electrical Appliances Holding, Ltd.   386,127    47,632 
Great Wall Motor Company, Ltd., H Shares   72,000    70,801 
Guangzhou Automobile Group Company, Ltd.,          
H Shares   101,650    131,465 
Guangzhou R&F Properties Company, Ltd.,          
H Shares   43,600    69,091 
Haitong Securities Company, Ltd., H Shares   113,200    193,543 
Hengan International Group Company, Ltd.   25,000    208,631 
Huaneng Power International, Inc., H Shares   149,436    94,253 
Huatai Securities Company, Ltd., H Shares (S)   29,600    60,449 
Industrial & Commercial Bank of China, Ltd.,          
H Shares   2,475,735    1,571,276 
JD.com, Inc., ADR (I)   23,100    602,679 
Jiangsu Expressway Company, Ltd., H Shares   41,145    57,098 
Jiangxi Copper Company, Ltd., H Shares   54,075    62,109 
Kingsoft Corp., Ltd.   23,000    54,952 
Lenovo Group, Ltd.   217,436    145,127 
Longfor Properties Company, Ltd.   53,600    82,803 
NetEase, Inc., ADR   2,600    626,028 
New China Life Insurance Company, Ltd.,          
H Shares   24,900    111,226 
New Oriental Education & Technology          
Group, Inc., ADR (I)   4,500    208,620 
PetroChina Company, Ltd., H Shares   734,261    486,711 
PICC Property & Casualty Company, Ltd.,          
H Shares   126,242    211,654 
Ping An Insurance Group Company of          
China, Ltd., H Shares   179,290    939,872 
Semiconductor          
Manufacturing International Corp. (I)   839,000    94,512 
Shandong Weigao Group Medical Polymer          
Company, Ltd., H Shares   80,000    53,969 
Shanghai Electric Group Company, Ltd.,          
H Shares (I)   144,864    68,967 
Shenzhou International Group Holdings, Ltd.   24,000    167,948 
Shui On Land, Ltd.   188,275    51,453 
Sino-Ocean Land Holding, Ltd.   177,213    82,270 
Sinopec Shanghai Petrochemical          
Company, Ltd., H Shares   119,901    60,889 
Sinopharm Group Company, Ltd., H Shares   30,000    145,300 
SOHO China, Ltd.   140,000    75,961 
TAL Education Group, ADR (I)   1,400    99,176 
Tencent Holdings, Ltd.   189,300    5,262,925 
The People’s Insurance Company Group of          
China, Ltd., H Shares   226,000    93,079 
Tingyi Cayman Islands Holding Corp.   76,000    88,417 
Tsingtao Brewery Company, Ltd., H Shares   12,000    46,974 
Vipshop Holdings, Ltd., ADR (I)   13,500    198,045 

 

The accompanying notes are an integral part of the financial statements.  
107

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
China (continued)          
Want Want China Holdings, Ltd.   243,000   $151,228 
Weichai Power Company, Ltd., H Shares   39,360    53,107 
Yangzijiang Shipbuilding Holdings, Ltd.   65,000    35,957 
Yanzhou Coal Mining Company, Ltd., H Shares   85,990    58,299 
Zhejiang Expressway Company, Ltd., H Shares   49,718    52,671 
Zhuzhou CRRC Times Electric Company, Ltd.   18,000    94,034 
Zijin Mining Group Company, Ltd., H Shares   285,469    91,476 
ZTE Corp., H Shares   25,887    37,907 
         31,131,539 
Colombia - 0.1%          
Bancolombia SA, ADR   15,325    598,288 
Ecopetrol SA, ADR (I)(L)   8,500    74,460 
         672,748 
Czech Republic - 0.0%          
CEZ AS   6,817    121,784 
Komercni Banka AS   3,440    119,292 
         241,076 
Denmark - 1.2%          
AP Moeller - Maersk A/S, Class A   120    168,599 
AP Moeller - Maersk A/S, Class B   245    360,369 
Carlsberg A/S, B Shares   3,383    323,327 
Chr. Hansen Holding A/S   3,392    202,043 
Coloplast A/S, B Shares   4,165    323,917 
Danske Bank A/S   24,066    704,073 
DSV A/S   6,003    299,521 
Genmab A/S (I)   1,792    306,706 
ISS A/S   5,377    223,440 
Novo Nordisk A/S, B Shares   62,291    2,596,209 
Novozymes A/S, B Shares   7,442    328,236 
Pandora A/S   3,543    429,127 
TDC A/S (I)   31,300    184,338 
Tryg A/S   4,500    90,418 
Vestas Wind Systems A/S   8,020    662,481 
William Demant Holding A/S (I)   5,000    102,037 
         7,304,841 
Egypt - 0.0%          
Commercial International Bank Egypt SAE   41,265    221,946 
Global Telecom Holding SAE (I)   23,717    11,190 
Talaat Moustafa Group   51,769    31,499 
         264,635 
Finland - 0.7%          
Elisa OYJ   6,060    223,332 
Fortum OYJ   16,798    271,456 
Kone OYJ, B Shares   11,934    605,857 
Metso OYJ   4,686    136,750 
Neste OYJ   4,388    187,175 
Nokia OYJ   186,663    1,081,404 
Nokian Renkaat OYJ   3,680    134,174 
Orion OYJ, Class B   2,574    101,477 
Sampo OYJ, A Shares   15,692    697,160 
Stora Enso OYJ, R Shares   20,482    181,948 
UPM-Kymmene OYJ   19,972    421,703 
Wartsila OYJ ABP   5,074    228,427 
         4,270,863 
France - 6.6%          
Accor SA   5,923    235,022 
Aeroports de Paris   1,056    104,784 
Air Liquide SA (L)   13,248    1,420,677 
Airbus Group SE   20,243    1,227,768 

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
France (continued)          
Alstom SA (I)   5,147   $136,193 
Arkema SA   2,630    243,493 
Atos SE   3,185    342,895 
AXA SA   65,139    1,385,004 
BNP Paribas SA   36,134    1,858,511 
Bollore SA (I)   30,997    107,908 
Bouygues SA   6,726    223,057 
Bureau Veritas SA   8,832    189,492 
Capgemini SA   5,485    537,771 
Carrefour SA   19,603    508,276 
Casino Guichard Perrachon SA   2,363    115,018 
Christian Dior SE   1,870    335,380 
Cie de Saint-Gobain   16,928    732,479 
Cie Generale des Etablissements Michelin   6,398    708,487 
CNP Assurances   6,491    109,055 
Credit Agricole SA   38,695    381,686 
Danone SA   20,166    1,497,390 
Dassault Systemes   4,082    354,362 
Edenred   6,907    161,401 
Eiffage SA   1,921    149,290 
Electricite de France SA (L)   9,425    114,724 
Engie SA   47,847    741,858 
Essilor International SA   7,168    924,645 
Eurazeo SA   1,521    88,239 
Eutelsat Communications SA   6,171    127,724 
Fonciere Des Regions   1,157    107,814 
Gecina SA   1,027    161,845 
Groupe Eurotunnel SE   16,415    177,815 
Hermes International   908    369,659 
ICADE   923    72,020 
Iliad SA   983    206,369 
Imerys SA   1,144    82,628 
Ingenico Group SA   1,910    167,000 
JCDecaux SA (I)   2,889    93,415 
Kering   2,659    536,544 
Klepierre   7,623    349,920 
L’Oreal SA   8,607    1,626,813 
Lagardere SCA   4,134    105,278 
Legrand SA   9,501    560,078 
LVMH Moet Hennessy Louis Vuitton SE   9,583    1,634,015 
Natixis SA   36,204    168,924 
Orange SA   67,652    1,059,947 
Pernod Ricard SA   7,327    867,772 
Peugeot SA (I)   13,635    208,218 
Publicis Groupe SA   6,920    523,624 
Remy Cointreau SA   873    74,497 
Renault SA   6,573    540,758 
Rexel SA   10,105    154,793 
Safran SA   10,522    756,769 
Sanofi   38,972    2,967,770 
Schneider Electric SA   18,515    1,287,982 
Schneider Electric SE   623    43,130 
SCOR SE   4,682    145,602 
SFR Group SA   3,352    98,735 
Societe BIC SA   859    127,003 
Societe Generale SA   25,702    889,146 
Sodexo SA   2,979    354,860 
Suez   10,572    174,706 
Technip SA   4,167    256,164 
Thales SA   3,762    346,410 
TOTAL SA   75,294    3,581,045 
Unibail-Rodamco SE   3,397    915,948 
Valeo SA   8,319    485,572 

 

The accompanying notes are an integral part of the financial statements.  
108

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
France (continued)          
Veolia Environnement SA   15,809   $364,267 
Vinci SA   16,448    1,259,568 
Vivendi SA   39,872    804,720 
Wendel SA   986    115,066 
Zodiac Aerospace   6,450    156,978 
         40,043,776 
Germany - 5.9%          
adidas AG   6,318    1,098,861 
Allianz SE   15,520    2,306,442 
Axel Springer SE   1,565    80,196 
BASF SE   31,007    2,654,997 
Bayer AG   27,917    2,803,727 
Bayerische Motoren Werke AG   11,379    958,063 
Beiersdorf AG   3,496    330,000 
Brenntag AG   5,216    285,050 
Commerzbank AG   37,619    243,056 
Continental AG   3,759    792,030 
Covestro AG (S)   2,378    140,726 
Daimler AG   32,707    2,306,760 
Deutsche Bank AG (I)   47,586    620,203 
Deutsche Boerse AG (I)   6,708    544,480 
Deutsche Lufthansa AG   9,293    103,602 
Deutsche Post AG   32,753    1,025,452 
Deutsche Telekom AG   108,863    1,828,964 
Deutsche Wohnen AG   11,387    414,353 
E.ON SE   69,335    492,801 
Evonik Industries AG   4,913    166,327 
Fraport AG Frankfurt Airport          
Services Worldwide   1,295    70,876 
Fresenius Medical Care AG & Company KGaA   7,543    659,910 
Fresenius SE & Company KGaA   13,022    1,040,223 
GEA Group AG   6,174    343,258 
Hannover Rueck SE   2,036    218,251 
HeidelbergCement AG   4,956    468,700 
Henkel AG & Company KGaA   3,508    409,154 
HOCHTIEF AG   698    98,506 
Hugo Boss AG   2,319    128,370 
Infineon Technologies AG   39,273    700,301 
K+S AG   6,726    127,719 
Lanxess AG   3,216    200,188 
Linde AG   6,270    1,065,409 
MAN SE   2,251    237,421 
Merck KGaA   4,363    470,617 
METRO AG   6,304    187,644 
Muenchener Rueckversicherungs-Gesellschaft          
AG (Munich Re)   5,730    1,070,175 
OSRAM Licht AG   2,942    172,833 
ProSiebenSat.1 Media SE   7,728    331,341 
RWE AG (I)   16,521    285,311 
SAP SE   33,368    3,051,599 
Siemens AG   25,671    3,010,205 
Symrise AG   4,236    310,647 
Telefonica Deutschland Holding AG   27,806    112,112 
ThyssenKrupp AG   13,161    314,456 
TUI AG   17,680    251,230 
Uniper SE (I)   6,933    84,931 
United Internet AG   4,503    199,426 
Volkswagen AG   1,096    158,705 
Vonovia SE   15,732    596,390 
Zalando SE (I)   2,963    123,799 
         35,695,797 

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Greece - 0.1%          
Alpha Bank AE (I)   53,207   $89,057 
Eurobank Ergasias SA (I)   62,351    35,969 
FF Group (I)   1,869    46,491 
Hellenic Telecommunications Organization SA   8,503    74,621 
JUMBO SA   5,651    70,619 
National Bank of Greece SA (I)   184,167    38,491 
OPAP SA   8,113    68,670 
Piraeus Bank SA (I)   219,791    33,438 
Titan Cement Company SA   2,489    58,759 
         516,115 
Hong Kong - 3.4%          
AIA Group, Ltd.   404,200    2,718,142 
Alibaba Health Information Technology, Ltd. (I)   84,000    47,382 
Alibaba Pictures Group, Ltd. (I)   350,000    73,584 
ASM Pacific Technology, Ltd.   6,500    53,803 
Beijing Enterprises Holdings, Ltd.   19,786    100,973 
Beijing Enterprises Water Group, Ltd. (I)   152,000    103,622 
BOC Hong Kong Holdings, Ltd.   126,828    431,520 
Brilliance China Automotive Holdings, Ltd.   94,000    106,058 
Cathay Pacific Airways, Ltd.   31,782    44,429 
Cheung Kong Infrastructure Holdings, Ltd.   18,772    161,907 
Cheung Kong Property Holdings, Ltd.   92,665    681,630 
China Everbright International, Ltd.   86,000    103,106 
China Everbright, Ltd.   32,216    66,441 
China Gas Holdings, Ltd.   74,000    117,739 
China Jinmao Holdings Group, Ltd.   74,000    22,967 
China Merchants Port Holdings Company, Ltd.   40,744    109,295 
China Mobile, Ltd.   206,030    2,530,949 
China Overseas Land & Investment, Ltd.   142,882    491,228 
China Power International Development, Ltd.   111,000    43,007 
China Resources Beer Holdings Company, Ltd.   65,979    140,618 
China Resources Gas Group, Ltd.   18,000    61,822 
China Resources Land, Ltd.   110,964    312,853 
China Resources Power          
Holdings Company, Ltd.   68,244    118,638 
China State Construction          
International Holdings, Ltd.   42,000    55,575 
China Taiping Insurance          
Holdings Company, Ltd. (I)   60,500    120,643 
China Unicom Hong Kong, Ltd.   165,982    202,230 
CITIC, Ltd.   149,967    215,667 
CK Hutchison Holdings, Ltd.   92,663    1,184,441 
CLP Holdings, Ltd.   54,900    568,603 
COSCO SHIPPING Ports, Ltd.   89,683    92,275 
First Pacific Company, Ltd.   92,250    65,893 
Galaxy Entertainment Group, Ltd.   78,000    296,613 
GCL-Poly Energy Holdings, Ltd.   161,000    21,581 
Guangdong Investment, Ltd.   99,220    158,499 
Haier Electronics Group Company, Ltd.   37,000    61,546 
Hanergy Thin Film Power Groupd, Ltd. (I)   428,695    11,883 
Hang Lung Properties, Ltd.   88,326    200,353 
Hang Seng Bank, Ltd.   27,019    485,026 
Henderson Land Development Company, Ltd.   45,112    269,173 
HK Electric Investments & HK          
Electric Investments, Ltd. (S)   88,500    86,767 
HKT Trust & HKT, Ltd.   89,233    125,481 
Hong Kong & China Gas Company, Ltd.   269,815    512,324 
Hong Kong Exchanges & Clearing, Ltd.   40,398    1,069,147 
Hongkong Land Holdings, Ltd.   39,000    277,866 
Hysan Development Company, Ltd.   24,415    114,874 
Jardine Matheson Holdings, Ltd.   8,400    509,852 
Kerry Properties, Ltd.   21,438    70,430 
Kunlun Energy Company, Ltd.   118,000    91,217 

 

The accompanying notes are an integral part of the financial statements.  
109

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Hong Kong (continued)          
Li & Fung Ltd.   211,600   $109,031 
Link REIT   77,244    570,223 
Melco Crown Entertainment, Ltd., ADR   6,385    102,862 
MTR Corp., Ltd.   51,783    286,154 
New World Development Company, Ltd.   142,666    187,077 
Nine Dragons Paper Holdings, Ltd.   81,000    76,378 
Noble Group, Ltd. (I)   116,038    13,075 
NWS Holdings, Ltd.   55,189    92,486 
PCCW, Ltd.   181,876    112,020 
Power Assets Holdings, Ltd.   49,082    480,300 
Shanghai Industrial Holdings, Ltd.   33,930    98,218 
Shangri-La Asia, Ltd.   70,102    77,050 
Shimao Property Holdings, Ltd.   64,000    87,471 
Sino Biopharmaceutical, Ltd.   96,000    64,937 
Sino Land Company, Ltd.   133,911    238,673 
SJM Holdings, Ltd.   83,000    61,509 
Sun Art Retail Group, Ltd.   86,000    59,483 
Sun Hung Kai Properties, Ltd.   48,130    731,709 
Swire Pacific, Ltd., Class A   22,163    240,031 
Swire Properties, Ltd.   43,628    128,317 
Techtronic Industries Company, Ltd.   49,000    191,947 
The Bank of East Asia, Ltd.   50,857    207,567 
The Wharf Holdings, Ltd.   46,876    343,909 
WH Group, Ltd. (S)   125,803    101,679 
Wheelock & Company, Ltd.   35,000    207,892 
Yue Yuen Industrial Holdings, Ltd.   20,067    82,934 
         20,462,604 
Hungary - 0.1%          
MOL Hungarian Oil and Gas PLC   1,549    95,965 
OTP Bank PLC   9,034    237,339 
Richter Gedeon Nyrt   4,794    97,426 
         430,730 
India - 1.8%          
Adani Ports and Special Economic Zone, Ltd.   28,840    111,007 
Ambuja Cements, Ltd.   22,913    86,802 
Asian Paints, Ltd.   10,113    176,442 
Aurobindo Pharma, Ltd.   9,153    118,046 
Axis Bank, Ltd.   56,195    459,717 
Bajaj Auto, Ltd.   2,923    124,864 
Bajaj Finance, Ltd.   5,420    86,827 
Bharti Airtel, Ltd.   42,144    198,824 
Bharti Infratel, Ltd.   15,904    88,086 
Bosch, Ltd.   253    86,634 
Cipla, Ltd.   12,134    105,819 
Coal India, Ltd.   24,417    118,569 
Dabur India, Ltd.   17,709    72,341 
Dr. Reddy’s Laboratories, Ltd., ADR (L)   6,754    313,521 
Eicher Motors, Ltd.   425    159,253 
GAIL India, Ltd., GDR   2,800    94,760 
Godrej Consumer Products, Ltd.   3,999    94,779 
HCL Technologies, Ltd.   19,756    237,717 
Hero MotoCorp, Ltd.   1,675    86,117 
Hindustan Unilever, Ltd.   25,000    327,204 
Housing Development Finance Corp., Ltd.   50,347    1,057,165 
ICICI Bank, Ltd., ADR   47,330    353,555 
Idea Cellular, Ltd.   42,286    50,454 
Indiabulls Housing Finance, Ltd.   10,065    125,298 
Infosys, Ltd., ADR   66,848    1,054,861 
ITC, Ltd.   97,500    355,206 
Larsen & Toubro, Ltd.   11,107    240,250 
LIC Housing Finance, Ltd.   9,991    87,232 
Lupin, Ltd.   7,740    172,863 

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
India (continued)          
Mahindra & Mahindra, Ltd., GDR   11,560   $245,308 
Maruti Suzuki India, Ltd.   3,626    299,574 
Nestle India, Ltd.   776    74,897 
NTPC, Ltd.   55,338    123,834 
Oil & Natural Gas Corp., Ltd.   29,798    115,403 
Reliance Capital, Ltd., GDR (L)(S)   4,327    35,543 
Reliance Industries, Ltd., GDR (S)   28,620    938,958 
Shriram Transport Finance Company, Ltd.   4,949    86,930 
State Bank of India, GDR   5,224    194,487 
Sun Pharmaceutical Industries, Ltd.   29,657    331,662 
Tata Consultancy Services, Ltd.   14,500    530,209 
Tata Motors, Ltd., ADR   16,666    666,307 
Tata Steel, Ltd., GDR   11,000    60,554 
Tech Mahindra, Ltd.   7,790    49,340 
UltraTech Cement, Ltd., GDR   1,026    59,353 
United Spirits, Ltd. (I)   2,025    75,218 
UPL, Ltd.   10,066    102,339 
Vedanta, Ltd., ADR   9,500    98,515 
Wipro Ltd., ADR (L)   32,749    317,993 
Zee Entertainment Enterprises, Ltd.   20,071    164,856 
         11,215,493 
Indonesia - 0.6%          
Adaro Energy Tbk PT   315,000    29,231 
Astra International Tbk PT   679,000    430,842 
Bank Central Asia Tbk PT   428,500    516,843 
Bank Danamon Indonesia Tbk PT   200,286    62,257 
Bank Mandiri Persero Tbk PT   357,837    308,750 
Bank Negara Indonesia Persero Tbk PT   276,500    117,953 
Bank Rakyat Indonesia Persero Tbk PT   386,000    362,198 
Berlian Laju Tanker Tbk PT (I)   128,000    0 
Charoen Pokphand Indonesia Tbk PT   276,000    74,351 
Gudang Garam Tbk PT   26,000    123,719 
Hanjaya Mandala Sampoerna Tbk PT   362,500    109,782 
Indocement Tunggal Prakarsa Tbk PT   53,500    71,330 
Indofood Sukses Makmur Tbk PT   147,500    98,646 
Kalbe Farma Tbk PT   855,000    112,653 
Matahari Department Store Tbk PT   88,500    125,664 
Perusahaan Gas Negara Persero Tbk PT   480,500    106,156 
Semen Indonesia Persero Tbk PT   111,000    86,225 
Telekomunikasi Indonesia Persero Tbk PT   1,932,500    643,499 
Telekomunikasi Indonesia Persero Tbk          
PT, ADR   179    11,828 
Unilever Indonesia Tbk PT   66,500    227,351 
United Tractors Tbk PT   92,779    126,404 
         3,745,682 
Ireland - 0.9%          
AerCap Holdings NV (I)   5,714    219,932 
Bank of Ireland (I)   853,257    177,351 
CRH PLC (I)   27,963    928,544 
DCC PLC   2,971    269,933 
Experian PLC   32,402    647,323 
Irish Bank Resolution Corp., Ltd. (I)   38,483    0 
James Hardie Industries PLC   16,532    258,832 
Kerry Group PLC, Class A   5,738    477,905 
Paddy Power Betfair PLC   2,701    305,420 
Ryanair Holdings PLC, ADR   1,872    140,456 
Shire PLC   30,304    1,959,542 
         5,385,238 
Israel - 0.5%          
Azrieli Group, Ltd.   1,424    62,389 
Bank Hapoalim BM   44,835    254,580 

 

The accompanying notes are an integral part of the financial statements.  
110

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Israel (continued)          
Bank Leumi Le-Israel BM (I)   54,437   $207,178 
Bezeq The
Israeli Telecommunication Corp., Ltd.		   65,229    123,073 
Check Point Software Technologies, Ltd. (I)   4,402    341,639 
Israel Chemicals, Ltd.   16,931    65,956 
Mizrahi Tefahot Bank, Ltd.   5,543    70,498 
Mobileye NV (I)   5,885    250,524 
NICE, Ltd.   1,954    130,110 
Taro Pharmaceutical Industries, Ltd. (I)(L)   503    55,587 
Teva Pharmaceutical Industries, Ltd.   29,726    1,379,729 
         2,941,263 
Italy - 1.2%          
Assicurazioni Generali SpA   40,662    496,239 
Atlantia SpA   14,314    363,543 
Enel SpA   253,630    1,130,364 
Eni SpA   83,821    1,207,892 
EXOR SpA   3,038    123,014 
Ferrari NV   3,118    162,029 
Intesa Sanpaolo SpA   418,527    929,179 
Intesa Sanpaolo SpA   42,950    90,111 
Leonardo-Finmeccanica SpA (I)   12,314    139,576 
Luxottica Group SpA   5,802    277,123 
Mediobanca SpA   18,489    120,334 
Poste Italiane SpA (S)   17,531    120,280 
Prysmian SpA   7,382    193,302 
Saipem SpA (I)   230,092    97,485 
Snam SpA   82,228    455,946 
Telecom Italia SpA (I)   379,537    315,359 
Telecom Italia SpA (I)   233,394    158,439 
Terna Rete Elettrica Nazionale SpA   57,188    294,780 
UniCredit SpA   166,656    388,463 
Unione di Banche Italiane SpA (L)   27,462    63,294 
UnipolSai SpA   31,557    51,382 
         7,178,134 
Japan - 16.6%          
ABC-Mart, Inc.   700    47,669 
Acom Company, Ltd. (I)   10,000    47,145 
Aeon Company, Ltd.   22,200    328,459 
AEON Financial Service Company, Ltd   2,700    47,261 
Aeon Mall Company, Ltd.   3,300    52,123 
Air Water, Inc.   5,000    94,418 
Aisin Seiki Company, Ltd.   6,300    288,626 
Ajinomoto Company, Inc.   20,000    445,929 
Alfresa Holdings Corp.   5,200    110,107 
Alps Electric Company, Ltd.   6,100    147,240 
Amada Company, Ltd.   12,000    124,828 
ANA Holdings, Inc.   34,000    92,369 
Aozora Bank, Ltd.   39,000    134,424 
Asahi Glass Company, Ltd.   30,000    193,979 
Asahi Group Holdings, Ltd.   13,300    484,483 
Asahi Kasei Corp.   46,000    366,581 
Ashikaga Holdings Company, Ltd.   26,910    96,406 
Asics Corp.   5,900    118,875 
Astellas Pharma, Inc.   72,600    1,133,944 
Bandai Namco Holdings, Inc.   6,199    189,740 
Benesse Holdings, Inc.   2,400    61,299 
Bridgestone Corp.   22,300    821,616 
Brother Industries, Ltd.   9,200    161,751 
Calbee, Inc.   2,500    94,721 
Canon, Inc.   36,600    1,062,585 
Casio Computer Company, Ltd.   6,700    93,807 
Central Japan Railway Company   4,900    838,905 

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Japan (continued)          
Chubu Electric Power Company, Inc.   21,100   $307,015 
Chugai Pharmaceutical Company, Ltd.   7,000    253,009 
Concordia Financial Group, Ltd.   35,000    152,714 
Credit Saison Company, Ltd.   5,000    83,011 
Dai Nippon Printing Company, Ltd.   20,000    196,193 
Daicel Corp.   10,034    126,800 
Daiichi Sankyo Company, Ltd.   21,400    514,208 
Daikin Industries Ltd.   8,100    755,858 
Daito Trust Construction Company, Ltd.   2,600    415,843 
Daiwa House Industry Company, Ltd.   19,000    521,449 
Daiwa Securities Group, Inc.   52,900    297,843 
Denso Corp.   15,900    634,482 
Dentsu, Inc.   7,600    386,822 
Don Quijote Holdings Company, Ltd.   3,700    135,736 
East Japan Railway Company   11,500    1,038,037 
Eisai Company, Ltd.   8,700    544,129 
Electric Power Development Company, Ltd.   4,600    110,558 
FamilyMart UNY Holdings Company, Ltd.   1,700    113,486 
FANUC Corp.   6,600    1,114,842 
Fast Retailing Company, Ltd.   1,800    579,644 
Fuji Electric Company, Ltd.   17,000    78,129 
Fuji Heavy Industries, Ltd.   19,200    720,374 
FUJIFILM Holdings Corp.   14,700    544,531 
Fujitsu, Ltd.   59,000    317,516 
Fukuoka Financial Group, Inc.   29,000    120,534 
GungHo Online Entertainment, Inc.   13,000    31,944 
Hakuhodo DY Holdings, Inc.   9,900    116,029 
Hamamatsu Photonics KK   5,400    166,133 
Hankyu Hanshin Holdings, Inc.   7,200    248,248 
Hikari Tsushin, Inc.   700    65,002 
Hino Motors, Ltd.   10,000    106,842 
Hirose Electric Company, Ltd.   865    113,732 
Hisamitsu Pharmaceutical Company, Inc.   2,400    129,720 
Hitachi Chemical Company, Ltd.   3,700    85,015 
Hitachi Construction Machinery Company, Ltd.   4,100    81,758 
Hitachi High-Technologies Corp.   3,200    128,099 
Hitachi Metals, Ltd.   9,000    110,720 
Hitachi, Ltd.   166,000    777,973 
Hokuriku Electric Power Company   6,300    76,772 
Honda Motor Company, Ltd.   55,700    1,607,519 
Hoshizaki Corp., Ltd.   1,400    127,758 
Hoya Corp.   14,400    579,281 
Hulic Company, Ltd.   9,000    91,956 
Idemitsu Kosan Company, Ltd.   2,800    57,972 
IHI Corp.   44,000    127,873 
Iida Group Holdings Company, Ltd.   5,000    100,614 
Inpex Corp.   31,000    281,867 
Isetan Mitsukoshi Holdings, Ltd.   12,219    120,312 
Isuzu Motors, Ltd.   18,300    215,411 
ITOCHU Corp.   53,200    669,765 
J Front Retailing Company, Ltd.   9,000    117,846 
Japan Airlines Company, Ltd.   4,000    117,582 
Japan Airport Terminal Company, Ltd. (L)   1,500    57,358 
Japan Exchange Group, Inc.   20,000    312,721 
Japan Post Bank Company, Ltd.   14,000    166,359 
Japan Post Holdings Company, Ltd.   15,000    188,569 
Japan Prime Realty Investment Corp.   28    126,416 
Japan Real Estate Investment Corp.   42    251,156 
Japan Retail Fund Investment Corp.   93    229,372 
Japan Tobacco, Inc.   37,100    1,518,697 
JFE Holdings, Inc.   15,400    225,125 
JGC Corp.   7,000    121,860 
JSR Corp.   6,500    102,164 

 

The accompanying notes are an integral part of the financial statements.  
111

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Japan (continued)          
JTEKT Corp.   7,300   $109,646 
JX Holdings, Inc.   71,011    287,421 
Kajima Corp.   33,000    230,930 
Kakaku.com, Inc.   5,000    90,539 
Kamigumi Company, Ltd.   9,000    78,516 
Kaneka Corp.   11,829    93,655 
Kansai Electric Power Company, Inc. (I)   24,500    222,886 
Kansai Paint Company, Ltd.   7,000    153,444 
Kao Corp.   17,400    983,762 
Kawasaki Heavy Industries, Ltd.   50,000    154,911 
KDDI Corp.   63,200    1,958,063 
Keihan Holdings Company, Ltd.   17,000    118,899 
Keikyu Corp.   18,000    187,821 
Keio Corp.   20,000    174,896 
Keisei Electric Railway Company, Ltd.   4,000    100,009 
Keyence Corp.   1,599    1,171,571 
Kikkoman Corp.   5,000    160,134 
Kintetsu Group Holdings Company, Ltd.   62,000    260,212 
Kirin Holdings Company, Ltd.   27,500    457,042 
Kobe Steel, Ltd. (I)   10,500    95,234 
Koito Manufacturing Company, Ltd.   4,000    194,679 
Komatsu, Ltd.   31,700    727,173 
Konami Holdings Corp.   3,700    142,969 
Konica Minolta, Inc.   14,500    122,791 
Kose Corp.   1,000    102,397 
Kubota Corp.   38,700    585,744 
Kuraray Company, Ltd.   13,200    195,822 
Kurita Water Industries Ltd.   4,400    104,550 
Kyocera Corp.   10,400    499,754 
Kyowa Hakko Kirin Company, Ltd.   9,473    149,629 
Kyushu Electric Power Company, Inc.   16,300    152,996 
Kyushu Financial Group, Inc.   14,000    95,388 
Lawson, Inc.   2,100    165,894 
LIXIL Group Corp.   8,700    186,385 
M3, Inc.   7,400    253,305 
Mabuchi Motor Company, Ltd.   1,600    88,785 
Makita Corp.   3,900    277,874 
Marubeni Corp.   60,000    308,226 
Marui Group Company, Ltd.   7,600    100,394 
Maruichi Steel Tube, Ltd.   1,200    41,494 
Mazda Motor Corp.   18,600    285,357 
McDonald’s Holdings Company Japan, Ltd.   2,600    76,585 
Medipal Holdings Corp.   5,490    95,164 
MEIJI Holdings Company, Ltd.   4,000    397,162 
Minebea Company, Ltd.   11,000    104,034 
Miraca Holdings, Inc.   2,300    114,686 
Mitsubishi Chemical Holdings Corp.   42,600    267,077 
Mitsubishi Corp.   50,700    1,155,761 
Mitsubishi Electric Corp.   67,000    858,720 
Mitsubishi Estate Company, Ltd.   43,000    806,963 
Mitsubishi Gas & Chemicals Company, Inc.   7,415    106,154 
Mitsubishi Heavy Industries, Ltd.   105,000    439,226 
Mitsubishi Logistics Corp.   5,943    85,951 
Mitsubishi Materials Corp.   3,900    106,674 
Mitsubishi Motors Corp.   24,700    115,381 
Mitsubishi Tanabe Pharma Corp.   7,000    149,929 
Mitsubishi UFJ Financial Group, Inc.   434,700    2,202,228 
Mitsubishi UFJ Lease &
Finance Company, Ltd.		   17,600    80,765 
Mitsui & Company, Ltd.   58,200    806,587 
Mitsui Chemicals, Inc.   25,000    118,919 
Mitsui Fudosan Company, Ltd.   31,000    659,507 
Mitsui OSK Lines, Ltd.   47,000    109,294 

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Japan (continued)          
Mixi, Inc.   1,800   $65,216 
Mizuho Financial Group, Inc.   810,200    1,365,542 
MS&AD Insurance Group Holdings, Inc.   17,100    476,598 
Murata Manufacturing Company, Ltd.   6,700    874,572 
Nabtesco Corp.   3,900    110,489 
Nagoya Railroad Co Ltd.   30,000    163,249 
NEC Corp.   95,000    245,027 
Nexon Company, Ltd.   4,100    64,405 
NGK Insulators, Ltd.   9,000    187,025 
NGK Spark Plug Company, Ltd.   6,800    120,158 
NH Foods, Ltd.   5,238    126,537 
NHK Spring Company, Ltd.   4,600    44,593 
Nidec Corp.   7,800    720,979 
Nikon Corp.   12,400    185,185 
Nintendo Company, Ltd.   3,600    963,910 
Nippon Building Fund, Inc.   48    304,121 
Nippon Electric Glass Company, Ltd.   14,000    72,491 
Nippon Express Company, Ltd.   30,000    140,249 
Nippon Paint Holdings Company, Ltd.   6,000    200,777 
Nippon Prologis REIT, Inc.   60    151,755 
Nippon Steel & Sumitomo Metal Corp.   26,500    543,790 
Nippon Telegraph & Telephone Corp.   23,200    1,061,075 
Nippon Yusen KK   55,000    102,978 
Nissan Motor Company, Ltd.   85,300    836,697 
Nisshin Seifun Group, Inc.   7,400    112,795 
Nissin Foods Holdings Company, Ltd.   2,200    133,714 
Nitori Holdings Company, Ltd.   2,600    311,669 
Nitto Denko Corp.   5,300    344,213 
NOK Corp.   3,800    83,149 
Nomura Holdings, Inc.   125,400    561,985 
Nomura Real Estate Holdings, Inc.   4,500    76,065 
Nomura Real Estate Master Fund, Inc.   121    201,811 
Nomura Research Institute, Ltd.   4,620    159,455 
NSK, Ltd.   17,815    182,653 
NTT Data Corp.   4,500    224,750 
NTT DOCOMO, Inc.   48,900    1,242,207 
NTT Urban Development Corp.   2,200    21,254 
Obayashi Corp.   22,000    218,213 
OBIC Company, Ltd.   2,200    117,147 
Odakyu Electric Railway Company, Ltd.   11,500    256,072 
Oji Holdings Corp.   30,000    118,906 
Olympus Corp.   9,000    314,292 
Omron Corp.   7,100    255,564 
Ono Pharmaceutical Company, Ltd.   14,500    404,847 
Oracle Corp. Japan   1,500    84,747 
ORIX Corp.   45,900    677,147 
Osaka Gas Company, Ltd.   69,000    289,401 
Otsuka Corp.   2,200    104,493 
Otsuka Holdings Company, Ltd.   13,600    619,924 
Panasonic Corp.   72,100    721,112 
Park24 Company, Ltd.   3,300    107,326 
Pola Orbis Holdings, Inc.   800    71,614 
Rakuten, Inc.   32,500    424,232 
Recruit Holdings Company, Ltd.   9,000    367,139 
Resona Holdings, Inc.   70,300    295,654 
Ricoh Company, Ltd.   24,000    217,186 
Rinnai Corp.   1,200    111,713 
Rohm Company, Ltd.   2,900    152,860 
Ryohin Keikaku Company, Ltd.   800    161,567 
Sankyo Company, Ltd.   1,900    64,912 
Santen Pharmaceutical Company, Ltd.   14,000    206,729 
SBI Holdings, Inc.   8,013    95,711 
Secom Company, Ltd.   6,800    507,785 

 

The accompanying notes are an integral part of the financial statements.  
112

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Japan (continued)          
Sega Sammy Holdings, Inc.   6,900   $98,428 
Seibu Holdings, Inc.   4,000    66,033 
Seiko Epson Corp.   9,400    181,001 
Sekisui Chemical Company, Ltd.   12,600    181,216 
Sekisui House, Ltd.   20,000    340,734 
Seven & i Holdings Company, Ltd.   25,900    1,224,430 
Seven Bank Ltd.   20,400    65,339 
Shikoku Electric Power Company, Inc.   6,400    63,290 
Shimadzu Corp.   9,000    137,354 
Shimamura Company, Ltd.   700    85,219 
Shimano, Inc.   2,600    386,162 
Shimizu Corp.   20,000    178,750 
Shin-Etsu Chemical Company, Ltd.   13,000    907,047 
Shinsei Bank, Ltd.   69,000    104,633 
Shionogi & Company, Ltd.   10,300    527,705 
Shiseido Company, Ltd.   12,400    328,423 
Showa Shell Sekiyu KK   6,845    63,632 
SMC Corp.   1,900    548,592 
SoftBank Group Corp.   32,800    2,125,722 
Sohgo Security Services Company, Ltd.   2,100    112,860 
Sompo Japan Nipponkoa Holdings, Inc.   11,500    340,830 
Sony Corp.   43,300    1,434,555 
Sony Financial Holdings, Inc.   5,800    79,876 
Stanley Electric Company, Ltd.   4,500    121,670 
Start Today Company, Ltd.   6,000    103,240 
Sumitomo Chemical Company, Ltd.   49,000    217,727 
Sumitomo Corp.   35,900    401,888 
Sumitomo Dainippon Pharma Company, Ltd.   7,200    139,455 
Sumitomo Electric Industries, Ltd.   26,500    374,623 
Sumitomo Heavy Industries, Ltd.   20,010    98,869 
Sumitomo Metal Mining Company, Ltd.   17,000    234,800 
Sumitomo Mitsui Financial Group, Inc.   43,600    1,472,791 
Sumitomo Mitsui Trust Holdings, Inc.   11,700    382,258 
Sumitomo Realty &
Development Company, Ltd.		   12,000    311,050 
Sumitomo Rubber Industries, Ltd.   7,100    107,394 
Sundrug Company, Ltd.   1,200    100,727 
Suntory Beverage & Food, Ltd.   5,000    216,192 
Suruga Bank, Ltd.   6,000    143,818 
Suzuken Company, Ltd.   2,640    87,174 
Suzuki Motor Corp.   13,000    435,435 
Sysmex Corp.   4,800    356,129 
T&D Holdings, Inc.   18,800    212,085 
Taiheiyo Cement Corp.   42,000    120,853 
Taisei Corp.   37,000    277,584 
Taisho Pharmaceutical Holdings Company, Ltd.   1,200    122,991 
Taiyo Nippon Sanso Corp.   7,100    74,080 
Takashimaya Company, Ltd.   11,181    91,807 
Takeda Pharmaceutical Company, Ltd.   23,900    1,145,518 
TDK Corp.   4,000    267,997 
Teijin, Ltd.   6,400    124,160 
Terumo Corp.   10,500    403,889 
The Bank of Kyoto, Ltd.   13,000    95,158 
The Chiba Bank, Ltd.   22,000    124,942 
The Chugoku Bank, Ltd.   6,000    73,189 
The Chugoku Electric Power Company, Inc.   8,600    108,139 
The Dai-ichi Life Insurance Company, Ltd.   37,100    508,994 
The Hachijuni Bank, Ltd.   13,000    67,706 
The Hiroshima Bank, Ltd.   14,000    58,072 
The Iyo Bank, Ltd.   10,000    60,556 
The Oriental Land Company, Ltd.   6,900    420,195 
The Shizuoka Bank, Ltd.   17,000    136,204 
The Yokohama Rubber Company, Ltd.   5,000    80,036 

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Japan (continued)          
THK Company, Ltd.   4,000   $78,681 
Tobu Railway Company, Ltd.   40,000    203,762 
Toho Company, Ltd.   4,567    151,704 
Toho Gas Company, Ltd.   14,000    131,099 
Tohoku Electric Power Company, Inc.   13,800    179,965 
Tokio Marine Holdings, Inc.   23,300    893,555 
Tokyo Electric Power Company, Inc. (I)   45,400    196,669 
Tokyo Electron, Ltd.   5,800    512,627 
Tokyo Gas Company, Ltd.   78,000    347,024 
Tokyo Tatemono Company, Ltd.   7,500    90,219 
Tokyu Corp.   39,000    297,505 
Tokyu Fudosan Holdings Corp.   15,000    81,572 
TonenGeneral Sekiyu KK   10,000    101,409 
Toppan Printing Company, Ltd.   16,000    144,431 
Toray Industries, Inc.   49,000    477,235 
Toshiba Corp. (I)   138,000    460,009 
TOTO Ltd.   4,500    170,132 
Toyo Seikan Group Holdings, Ltd.   4,800    84,860 
Toyo Suisan Kaisha, Ltd.   2,500    106,058 
Toyoda Gosei Company, Ltd.   2,466    57,334 
Toyota Industries Corp.   5,100    236,725 
Toyota Motor Corp.   91,680    5,318,031 
Toyota Tsusho Corp.   7,900    183,594 
Trend Micro, Inc.   4,000    139,541 
Tsuruha Holdings, Inc.   1,200    138,721 
Unicharm Corp.   12,900    334,723 
United Urban Investment Corp.   85    154,609 
USS Company, Ltd.   7,770    131,503 
West Japan Railway Company   5,300    328,781 
Yahoo Japan Corp.   52,400    209,014 
Yakult Honsha Company, Ltd.   2,843    128,494 
Yamada Denki Company, Ltd.   19,300    95,730 
Yamaguchi Financial Group, Inc.   7,000    74,615 
Yamaha Corp.   6,700    216,888 
Yamaha Motor Company, Ltd.   8,100    163,647 
Yamato Holdings Company, Ltd.   10,600    247,082 
Yamazaki Baking Company, Ltd.   4,000    98,356 
Yaskawa Electric Corp.   9,000    134,612 
Yokogawa Electric Corp.   7,686    102,392 
         100,637,122 
Jersey, Channel Islands - 0.1%          
Randgold Resources Ltd.   3,156    316,305 
Jordan - 0.0%          
Hikma Pharmaceuticals PLC   4,820    125,906 
Luxembourg - 0.2%          
ArcelorMittal (I)   61,972    377,930 
Millicom International Cellular SA   1,809    93,727 
RTL Group SA   1,422    118,133 
SES SA   11,632    285,624 
Tenaris SA   16,418    233,847 
         1,109,261 
Macau - 0.1%          
MGM China Holdings, Ltd.   35,912    62,796 
Sands China, Ltd.   88,800    389,222 
Wynn Macau, Ltd.   61,415    102,515 
         554,533 
Malaysia - 0.6%          
AirAsia BHD   21,700    14,664 
Alliance Financial Group BHD   53,600    48,227 
AMMB Holdings BHD   59,087    58,481 
Astro Malaysia Holdings BHD   78,000    51,494 

 

The accompanying notes are an integral part of the financial statements.  
113

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Malaysia (continued)          
Axiata Group BHD   96,549   $121,874 
Berjaya Sports Toto BHD   11,624    9,303 
British American Tobacco Malaysia BHD   4,300    51,088 
CIMB Group Holdings BHD   100,106    114,244 
Dialog Group BHD   166,000    58,665 
DiGi.Com BHD   110,800    133,439 
Felda Global Ventures Holdings BHD   39,000    22,107 
Gamuda BHD   72,333    85,632 
Genting BHD   72,900    139,936 
Genting Malaysia BHD   105,700    116,364 
Genting Plantations BHD   15,000    39,938 
Hong Leong Bank BHD   23,269    73,953 
Hong Leong Financial Group BHD   6,104    22,794 
IHH Healthcare BHD   71,800    109,970 
IJM Corp. BHD   87,420    67,861 
IOI Corp. BHD   114,466    123,338 
IOI Properties Group BHD   66,770    40,272 
Kuala Lumpur Kepong BHD   17,150    99,598 
Lafarge Malaysia BHD   9,360    17,948 
Malayan Banking BHD   115,622    209,869 
Malaysia Airports Holdings BHD   34,427    54,501 
Maxis BHD   67,200    100,229 
MISC BHD   26,280    47,994 
Petronas Chemicals Group BHD   99,800    160,548 
Petronas Dagangan BHD   12,200    69,340 
Petronas Gas BHD   21,200    112,185 
PPB Group BHD   17,700    69,338 
Public Bank BHD   97,378    466,924 
RHB Capital BHD   29,167    32,818 
SapuraKencana Petroleum BHD (I)   80,300    30,664 
Sime Darby BHD   105,296    195,077 
Telekom Malaysia BHD   42,705    70,090 
Tenaga Nasional BHD   124,350    430,121 
UMW Holdings BHD   25,500    36,051 
YTL Corp. BHD   153,792    66,576 
YTL Power International BHD   51,383    19,895 
         3,793,410 
Malta - 0.0%          
BGP Holdings PLC (I)   271,827    17,405 
Brait SE (I)   14,080    113,246 
         130,651 
Mexico - 0.9%          
Alfa SAB de CV, Class A   97,680    152,139 
America Movil SAB de CV, Series L   1,098,332    626,493 
Arca Continental SAB de CV   16,000    95,226 
Cemex SAB de CV (I)   470,528    373,467 
Coca-Cola Femsa SAB de CV, Series L   19,312    144,907 
El Puerto de Liverpool SAB de CV   7,600    79,568 
Fibra Uno Administracion SA de CV   89,000    162,717 
Fomento Economico Mexicano SAB de CV   64,420    592,944 
Fresnillo PLC   7,504    176,074 
Gentera SAB de CV   28,000    50,585 
Gruma SAB de CV, Class B   8,700    114,138 
Grupo Aeroportuario del Pacifico SAB de CV,
B Shares		   14,000    133,092 
Grupo Aeroportuario del Sureste SAB de CV,
B Shares		   8,200    119,948 
Grupo Bimbo SAB de CV, Series A   60,384    159,760 
Grupo Carso SAB de CV, Series A1   17,777    71,292 
Grupo Comercial Chedraui SA de CV   17,100    37,349 
Grupo Financiero Banorte SAB de CV, Series O   88,162    462,822 
Grupo Financiero Inbursa SAB de CV, Series O   86,738    136,886 

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Mexico (continued)          
Grupo Financiero Santander Mexico SAB
de CV, Class B		   65,000   $114,045 
Grupo Lala SAB de CV   27,400    52,285 
Grupo Mexico SAB de CV, Series B   132,866    324,940 
Grupo Televisa SAB   86,426    443,947 
Industrias Penoles SAB de CV   4,883    116,851 
Kimberly-Clark de Mexico SAB
de CV, Class A		   56,178    127,076 
Mexichem SAB de CV   31,640    70,705 
OHL Mexico SAB de CV (I)   27,000    35,829 
Promotora y Operadora de Infraestructura
SAB de CV		   9,800    105,502 
Wal-Mart de Mexico SAB de CV   185,988    407,184 
         5,487,771 
Netherlands - 3.0%          
ABN AMRO Group NV (S)   8,028    165,989 
Aegon NV   69,149    263,765 
Akzo Nobel NV   8,736    590,905 
Altice NV, Class A (I)   13,549    242,658 
Altice NV, Class B (I)   3,193    57,387 
ASML Holding NV   11,890    1,303,043 
Boskalis Westminster NV   3,554    126,490 
Gemalto NV   2,994    191,824 
Heineken Holding NV   3,458    277,042 
Heineken NV   7,902    694,599 
ING Groep NV (I)   132,152    1,631,506 
Koninklijke Ahold Delhaize NV   45,486    1,035,993 
Koninklijke DSM NV   6,738    455,056 
Koninklijke KPN NV   114,399    379,548 
Koninklijke Philips NV   33,930    1,003,979 
Koninklijke Vopak NV   2,830    148,426 
NN Group NV   11,311    347,254 
NXP Semiconductors NV (I)   9,869    1,006,737 
OCI NV (I)   3,633    53,543 
QIAGEN NV (I)   7,465    205,835 
Randstad Holding NV   4,700    213,722 
Royal Dutch Shell PLC, A Shares   144,467    3,594,018 
Royal Dutch Shell PLC, B Shares   125,685    3,258,453 
Steinhoff International Holdings NV   97,104    556,106 
Wolters Kluwer NV   10,629    454,405 
         18,258,283 
New Zealand - 0.1%          
Auckland International Airport, Ltd.   32,864    176,146 
Contact Energy, Ltd.   8,664    31,800 
Fletcher Building, Ltd.   23,909    187,243 
Mercury NZ, Ltd.   24,155    53,567 
Meridian Energy, Ltd.   43,320    82,124 
Ryman Healthcare, Ltd.   12,940    90,834 
Spark New Zealand, Ltd.   63,312    166,568 
         788,282 
Norway - 0.5%          
DNB ASA   34,358    451,696 
Gjensidige Forsikring ASA   6,934    129,688 
Marine Harvest ASA (I)   12,838    230,289 
Norsk Hydro ASA   44,388    191,923 
Orkla ASA   27,353    283,247 
Schibsted ASA, A Shares   2,593    76,360 
Schibsted ASA, B Shares   3,056    81,997 
Statoil ASA   40,338    677,206 
Telenor ASA   26,027    447,558 

 

The accompanying notes are an integral part of the financial statements.  
114

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Norway (continued)          
Yara International ASA   6,981   $232,628 
         2,802,592 
Peru - 0.1%          
Cia de Minas Buenaventura SAA (I)   2,364    32,718 
Credicorp, Ltd.   2,134    324,837 
Southern Copper Corp.   4,674    122,926 
         480,481 
Philippines - 0.3%          
Aboitiz Equity Ventures, Inc.   85,070    133,218 
Aboitiz Power Corp.   72,200    68,115 
Ayala Corp.   7,160    126,859 
Ayala Land, Inc.   253,800    206,571 
Bank of the Philippine Islands   29,885    64,739 
BDO Unibank, Inc.   64,484    146,263 
Energy Development Corp.   244,436    29,842 
Globe Telecom, Inc.   970    40,953 
GT Capital Holdings, Inc.   3,100    92,396 
JG Summit Holdings, Inc.   85,100    131,024 
Jollibee Foods Corp.   18,900    96,361 
Megaworld Corp.   564,000    55,154 
Metropolitan Bank & Trust Company   46,417    81,797 
PLDT, Inc.   3,730    131,930 
Security Bank Corp.   15,170    75,715 
SM Investments Corp.   8,302    115,617 
SM Prime Holdings, Inc.   241,744    140,799 
Universal Robina Corp.   30,280    111,437 
         1,848,790 
Poland - 0.2%          
Alior Bank SA (I)   4,231    51,379 
Bank Handlowy w Warszawie SA   1,164    23,151 
Bank Millennium SA (I)   12,341    18,111 
Bank Pekao SA   4,928    159,556 
Bank Zachodni WBK SA   1,033    84,092 
Boryszew SA (I)   2,380    4,332 
CCC SA   1,215    56,273 
Cyfrowy Polsat SA (I)   6,360    40,760 
Enea SA (I)   3,933    8,760 
Energa SA   7,178    14,091 
Eurocash SA   2,447    27,216 
Grupa Lotos SA (I)   3,293    24,525 
KGHM Polska Miedz SA   5,681    110,692 
LPP SA   42    43,260 
mBank SA (I)   525    46,962 
Orange Polska SA   26,179    41,058 
PGE Polska Grupa Energetyczna SA   26,654    70,812 
Polski Koncern Naftowy Orlen SA   11,432    194,426 
Polskie Gornictwo Naftowe i Gazownictwo SA   62,946    83,185 
Powszechna Kasa Oszczednosci
Bank Polski SA		   30,479    208,204 
Powszechny Zaklad Ubezpieczen SA   23,000    146,770 
Synthos SA (I)   14,988    17,055 
Tauron Polska Energia SA (I)   37,474    25,499 
         1,500,169 
Portugal - 0.1%          
EDP - Energias de Portugal SA   84,624    284,000 
Galp Energia SGPS SA   15,169    207,238 
Jeronimo Martins SGPS SA   7,332    127,076 
         618,314 
Romania - 0.0%          
New Europe Property Investments PLC   7,681    87,095 

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Russia - 0.8%          
Gazprom PJSC, ADR   251,662   $1,064,530 
Gazprom PJSC, ADR   3,680    15,512 
Lukoil PJSC, ADR   23,756    1,157,630 
MMC Norilsk Nickel PJSC, ADR   39,185    628,919 
Mobile TeleSystems PJSC, ADR   20,264    154,614 
NovaTek OJSC, GDR   3,057    336,988 
Rosneft PJSC   39,131    214,041 
Sberbank of Russia PJSC, ADR   34,900    330,466 
Sberbank of Russia PJSC, ADR (NYSE)   40,000    376,800 
Severstal PJSC, GDR   4,250    51,286 
Sistema PJSC, GDR   3,202    23,815 
Surgutneftegas OJSC, ADR   23,070    111,659 
Surgutneftegas OJSC, ADR   22,274    104,242 
Tatneft PJSC, ADR   7,986    246,223 
VTB Bank PJSC, GDR   50,760    113,089 
         4,929,814 
Singapore - 0.9%          
Ascendas Real Estate Investment Trust   73,531    136,142 
CapitaLand Commercial Trust   71,000    83,038 
CapitaLand Mall Trust   90,402    144,027 
CapitaLand, Ltd.   89,999    212,467 
City Developments, Ltd.   14,000    93,638 
ComfortDelGro Corp., Ltd.   70,000    144,794 
DBS Group Holdings, Ltd.   62,194    705,706 
Genting Singapore PLC   226,200    125,002 
Global Logistic Properties, Ltd.   108,000    148,970 
Golden Agri-Resources, Ltd.   284,496    74,387 
Hutchison Port Holdings Trust   215,400    96,158 
Jardine Cycle & Carriage, Ltd.   5,052    159,575 
Keppel Corp., Ltd.   49,969    198,878 
Oversea-Chinese Banking Corp., Ltd.   107,797    687,008 
Sembcorp Industries, Ltd.   38,019    72,759 
Sembcorp Marine, Ltd.   36,999    35,674 
Singapore Airlines, Ltd.   23,140    178,772 
Singapore Exchange, Ltd.   28,000    152,725 
Singapore Press Holdings, Ltd.   59,500    166,754 
Singapore Technologies Engineering, Ltd.   54,000    128,445 
Singapore Telecommunications, Ltd.   279,840    818,502 
StarHub, Ltd.   21,000    53,026 
Suntec Real Estate Investment Trust   82,000    103,401 
United Overseas Bank, Ltd.   44,650    619,465 
UOL Group, Ltd.   25,367    104,852 
Wilmar International, Ltd.   72,000    170,941 
         5,615,106 
South Africa - 1.6%          
African Bank Investments, Ltd. (I)   52,291    1,181 
Anglo American Platinum, Ltd. (I)   2,632    74,047 
AngloGold Ashanti, Ltd. (I)   14,430    230,625 
Aspen Pharmacare Holdings, Ltd.   11,866    267,987 
Barclays Africa Group, Ltd.   12,071    133,271 
Coronation Fund Managers, Ltd.   8,138    41,685 
Discovery, Ltd.   16,606    136,888 
Exxaro Resources, Ltd.   4,891    30,068 
FirstRand, Ltd.   118,126    409,272 
Fortress Income Fund, Ltd.   25,525    60,972 
Gold Fields, Ltd.   29,492    142,961 
Growthpoint Properties, Ltd.   81,770    150,652 
Hyprop Investments, Ltd.   8,505    75,027 
Impala Platinum Holdings, Ltd. (I)   22,733    114,871 
Imperial Holdings, Ltd.   6,917    84,460 
Investec PLC   19,237    117,264 
Investec, Ltd.   7,953    48,818 

 

The accompanying notes are an integral part of the financial statements.  
115

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
South Africa (continued)          
Liberty Holdings, Ltd.   4,754   $40,390 
Life Healthcare Group Holdings, Ltd.   42,158    116,631 
Massmart Holdings, Ltd.   4,351    37,606 
Mediclinic International PLC   9,103    109,977 
MMI Holdings, Ltd.   19,936    32,466 
Mondi PLC   12,906    271,154 
Mondi, Ltd.   4,137    86,927 
Mr. Price Group, Ltd.   8,969    99,219 
MTN Group, Ltd.   59,164    507,204 
Naspers, Ltd., N Shares   14,694    2,543,134 
Nedbank Group, Ltd.   7,167    116,572 
Netcare, Ltd.   36,217    88,901 
Pick n Pay Stores, Ltd.   7,147    35,839 
Rand Merchant Investment Holdings, Ltd.   31,391    94,592 
Redefine Properties, Ltd.   129,382    107,953 
Remgro, Ltd.   18,654    312,153 
Resilient REIT, Ltd.   9,826    82,209 
RMB Holdings, Ltd.   31,391    133,933 
Sanlam, Ltd.   47,254    220,196 
Sappi, Ltd. (I)   26,810    138,867 
Sasol, Ltd.   19,396    529,910 
Shoprite Holdings, Ltd.   16,492    230,437 
Sibanye Gold, Ltd.   24,516    87,164 
Standard Bank Group, Ltd.   42,608    437,812 
The Bidvest Group, Ltd.   11,166    131,659 
The Foschini Group, Ltd.   7,014    71,179 
The SPAR Group, Ltd.   5,706    80,031 
Tiger Brands, Ltd.   6,286    174,289 
Truworths International, Ltd.   19,528    101,209 
Vodacom Group, Ltd.   13,061    146,748 
Woolworths Holdings, Ltd.   33,746    190,534 
         9,476,944 
South Korea - 3.2%          
Amorepacific Corp.   1,183    419,518 
AMOREPACIFIC Group   770    116,336 
BGF retail Company, Ltd.   330    57,993 
BNK Financial Group, Inc.   8,021    62,791 
Celltrion, Inc. (I)(L)   2,760    267,920 
Cheil Worldwide, Inc.   3,910    57,062 
CJ CheilJedang Corp.   326    107,888 
CJ Corp.   456    77,426 
Coway Company, Ltd.   1,930    167,650 
Daelim Industrial Company, Ltd.   877    66,413 
Daewoo Engineering &
Construction Company, Ltd. (I)		   2,130    12,396 
DGB Financial Group, Inc.   4,763    39,219 
Dongbu Insurance Company, Ltd.   1,810    112,528 
Doosan Heavy Industries and
Construction Company, Ltd.		   2,030    48,039 
E-MART, Inc.   817    117,225 
GS Engineering & Construction Corp. (I)   1,468    39,465 
GS Holdings Corp.   2,038    99,645 
Hana Financial Group, Inc.   9,912    252,348 
Hankook Tire Company, Ltd.   3,008    162,632 
Hanmi Pharm Company, Ltd.   201    93,395 
Hanon Systems   9,450    106,921 
Hanssem Company, Ltd.   370    59,390 
Hanwha Chemical Corp.   2,217    49,109 
Hanwha Corp.   2,040    65,306 
Hanwha Life Insurance Company, Ltd.   8,120    42,580 
Hotel Shilla Company, Ltd.   1,190    65,719 
Hyosung Corp.   1,033    122,737 
Hyundai Department Store Company, Ltd.   494    53,380 

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
South Korea (continued)          
Hyundai Development Company   2,360   $110,626 
Hyundai Engineering &
Construction Company, Ltd.		   2,649    95,330 
Hyundai Glovis Company, Ltd.   539    89,015 
Hyundai Heavy Industries Company, Ltd. (I)   1,587    200,647 
Hyundai Marine & Fire
Insurance Company, Ltd.		   2,650    87,488 
Hyundai Mobis Company, Ltd.   2,332    585,230 
Hyundai Motor Company   4,805    593,810 
Hyundai Steel Company   2,189    101,755 
Hyundai Wia Corp.   644    50,942 
Industrial Bank of Korea   7,080    77,192 
Kakao Corp.   874    65,194 
Kangwon Land, Inc.   4,000    142,932 
KB Financial Group, Inc.   10,980    377,657 
KB Financial Group, Inc., ADR   2,772    94,830 
KCC Corp.   196    70,631 
KEPCO Plant Service &
Engineering Company, Ltd.		   700    36,865 
Kia Motors Corp.   8,934    343,261 
Korea Aerospace Industries, Ltd.   1,710    119,171 
Korea Electric Power Corp.   6,370    312,042 
Korea Electric Power Corp., ADR   4,277    104,273 
Korea Gas Corp.   1,166    47,070 
Korea Investment Holdings Company, Ltd.   1,170    43,600 
Korea Zinc Company, Ltd.   339    148,744 
Korean Air Lines Company, Ltd. (I)   1,090    34,711 
KT Corp.   2,633    76,399 
KT&G Corp.   3,640    414,521 
Kumho Petrochemical Company, Ltd.   614    39,300 
LG Chem, Ltd.   1,568    346,799 
LG Corp.   3,654    215,935 
LG Display Company, Ltd.   7,650    195,573 
LG Display Company, Ltd., ADR   2,417    30,744 
LG Electronics, Inc.   3,460    151,107 
LG Household & Health Care, Ltd.   362    315,030 
LG Innotek Company, Ltd.   210    15,015 
LG Uplus Corp.   6,602    70,606 
Lotte Chemical Corp.   562    153,197 
Lotte Confectionery Company, Ltd.   200    32,011 
Lotte Shopping Company, Ltd.   410    77,205 
Mirae Asset Daewoo Company, Ltd.   7,159    51,257 
Mirae Asset Securities Company, Ltd.   2,239    46,721 
NAVER Corp.   965    776,886 
NCSoft Corp.   632    170,483 
NH Investment & Securities Company, Ltd.   3,944    36,039 
OCI Company, Ltd. (I)   650    55,651 
Orion Corp.   143    107,771 
POSCO   2,241    464,490 
Posco Daewoo Corp.   1,626    36,550 
S-1 Corp.   810    74,834 
S-Oil Corp.   1,778    132,115 
Samsung C&T Corp.   2,007    272,793 
Samsung Card Company, Ltd.   1,490    68,066 
Samsung Electro-Mechanics Company, Ltd.   2,318    103,479 
Samsung Electronics Company, Ltd.   3,408    4,964,646 
Samsung Fire & Marine
Insurance Company, Ltd.		   1,090    277,625 
Samsung Heavy
Industries Company, Ltd. (I)(L)		   6,270    53,763 
Samsung Life Insurance Company, Ltd.   2,349    225,587 
Samsung SDI Company, Ltd.   1,793    157,491 
Samsung SDS Company, Ltd.   930    130,840 

 

The accompanying notes are an integral part of the financial statements.  
116

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
South Korea (continued)          
Samsung Securities Company, Ltd.   2,498   $79,134 
Shinhan Financial Group Company, Ltd.   14,125    517,323 
Shinhan Financial Group Company, Ltd., ADR   350    12,754 
Shinsegae Company, Ltd.   197    32,590 
SK Holdings Company, Ltd.   1,335    258,349 
SK Hynix, Inc.   19,510    716,211 
SK Innovation Company, Ltd.   2,274    336,932 
SK Networks Company, Ltd.   3,090    18,894 
SK Telecom Company, Ltd.   677    138,813 
Woori Bank   12,174    126,538 
Yuhan Corp.   350    88,506 
         19,542,620 
Spain - 2.1%          
Abertis Infraestructuras SA   16,584    258,371 
ACS Actividades de Construccion
y Servicios SA		   7,346    222,063 
Aena SA (S)   2,372    350,132 
Amadeus IT Group SA   14,275    712,511 
Banco Bilbao Vizcaya Argentaria SA   215,133    1,301,683 
Banco de Sabadell SA (L)   181,121    232,041 
Banco Popular Espanol SA   121,583    150,480 
Banco Santander SA   21,368    82,196 
Banco Santander SA   490,269    2,175,014 
Bankia SA   160,432    131,647 
Bankinter SA   23,159    164,779 
CaixaBank SA   93,644    236,641 
Distribuidora Internacional de Alimentacion SA   23,600    146,143 
Enagas SA   7,812    235,004 
Endesa SA   10,933    234,402 
Ferrovial SA   15,889    338,322 
Gas Natural SDG SA   12,174    250,275 
Grifols SA   8,562    184,557 
Iberdrola SA   185,071    1,258,379 
Industria de Diseno Textil SA   35,939    1,332,549 
Mapfre SA   37,878    105,976 
Red Electrica Corp. SA   13,656    294,651 
Repsol SA   39,891    541,892 
Telefonica SA   148,995    1,506,801 
Zardoya Otis SA   6,200    59,652 
         12,506,161 
Sweden - 1.9%          
Alfa Laval AB   10,314    161,702 
Assa Abloy AB, B Shares   34,221    694,948 
Atlas Copco AB, A Shares   23,341    702,670 
Atlas Copco AB, B Shares   13,732    375,226 
Boliden AB   10,826    254,461 
Electrolux AB, Series B   9,396    235,340 
Getinge AB, B Shares   6,512    126,242 
Hennes & Mauritz AB, B Shares   31,231    881,515 
Hexagon AB, B Shares   8,169    356,753 
Husqvarna AB, B Shares   18,793    164,017 
ICA Gruppen AB   2,659    87,836 
Industrivarden AB, C Shares   2,860    52,936 
Investor AB, B Shares   14,754    539,476 
Kinnevik AB, B Shares   7,421    189,263 
Lundin Petroleum AB (I)   8,518    155,913 
Nordea Bank AB   100,775    1,000,744 
Sandvik AB   33,680    370,605 
Securitas AB, B Shares   10,739    179,846 
Skandinaviska Enskilda Banken AB, A Shares   49,129    493,816 
Skanska AB, B Shares   11,411    266,592 
SKF AB, B Shares   12,256    211,653 

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Sweden (continued)          
Svenska Cellulosa AB, B Shares   19,945   $591,985 
Svenska Handelsbanken AB, A Shares   51,359    705,984 
Swedbank AB, A Shares   29,478    692,633 
Swedish Match AB   6,740    247,302 
Tele2 AB, B Shares   12,690    109,541 
Telefonaktiebolaget LM Ericsson, B Shares   99,887    721,212 
Telia Company AB   82,426    369,193 
Volvo AB, B Shares   52,551    600,021 
         11,539,425 
Switzerland - 6.5%          
ABB, Ltd. (I)   66,023    1,488,025 
Actelion, Ltd. (I)   3,610    626,458 
Adecco Group AG   5,898    332,445 
Aryzta AG (I)   3,464    154,085 
Baloise Holding AG   1,757    212,741 
Barry Callebaut AG (I)   81    107,800 
Chocoladefabriken Lindt & Spruengli AG   35    202,411 
Chocoladefabriken Lindt & Spruengli AG   4    273,037 
Cie Financiere Richemont SA   17,198    1,048,864 
Coca-Cola HBC AG (I)   6,105    141,828 
Credit Suisse Group AG (I)   61,425    807,286 
Dufry AG (I)   1,420    178,027 
EMS-Chemie Holding AG   281    151,039 
Galenica AG   134    142,499 
Geberit AG   1,296    568,089 
Givaudan SA   319    650,352 
Glencore PLC (I)   417,963    1,144,449 
Holcim, Ltd. (I)   8,825    478,007 
Julius Baer Group, Ltd. (I)   7,129    290,592 
Kuehne + Nagel International AG   2,068    300,535 
LafargeHolcim, Ltd. (I)   6,464    349,278 
Lonza Group AG (I)   1,860    356,002 
Nestle SA   107,673    8,502,299 
Novartis AG   75,142    5,930,231 
Pargesa Holding SA   1,375    94,208 
Partners Group Holding AG   509    257,165 
Roche Holding AG   23,739    5,899,109 
Schindler Holding AG   1,670    313,597 
Schindler Holding AG   806    152,663 
SGS SA   194    434,710 
Sika AG   74    360,536 
Sonova Holding AG   1,863    264,166 
STMicroelectronics NV   24,208    197,849 
Swiss Life Holding AG (I)   1,089    282,402 
Swiss Prime Site AG (I)   2,297    201,721 
Swiss Re AG   11,196    1,011,205 
Swisscom AG   910    432,859 
Syngenta AG (I)   3,061    1,340,774 
The Swatch Group AG   1,109    314,387 
The Swatch Group AG   1,748    97,327 
UBS Group AG (I)   121,224    1,655,975 
Wolseley PLC   8,816    495,831 
Zurich Insurance Group AG (I)   4,957    1,278,381 
         39,521,244 
Taiwan - 2.4%          
Acer, Inc. (I)   58,018    27,059 
Advanced Semiconductor Engineering, Inc.   215,933    259,327 
Advantech Company, Ltd.   10,991    94,602 
Asia Cement Corp.   36,863    32,290 
Asustek Computer, Inc.   24,952    223,044 
AU Optronics Corp.   163,827    60,141 
Catcher Technology Company, Ltd.   22,184    181,521 

 

The accompanying notes are an integral part of the financial statements.  
117

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Taiwan (continued)          
Cathay Financial Holding Company, Ltd.   259,901   $334,172 
Chang Hwa Commercial Bank, Ltd.   98,170    50,399 
Cheng Shin Rubber Industry Company, Ltd.   43,680    92,146 
China Airlines, Ltd.   26,874    8,028 
China Development Financial Holding Corp.   479,153    122,747 
China Life Insurance Company, Ltd.   114,400    105,093 
China Steel Corp.   363,388    256,876 
Chunghwa Telecom Company, Ltd.   121,148    427,258 
Compal Electronics, Inc.   79,764    49,385 
CTBC Financial Holding Company, Ltd.   479,135    279,288 
Delta Electronics, Inc.   70,866    379,602 
E.Sun Financial Holding Company, Ltd.   230,547    131,742 
Eclat Textile Company, Ltd.   6,137    73,529 
Eva Airways Corp.   28,457    13,004 
Evergreen Marine Corp Taiwan, Ltd. (I)   8,886    3,440 
Far Eastern New Century Corp.   64,875    48,673 
Far EasTone
Telecommunications Company, Ltd.		   45,159    106,775 
First Financial Holding Company, Ltd.   353,224    188,111 
Formosa Chemicals & Fibre Corp.   100,212    270,405 
Formosa Petrochemical Corp.   24,720    74,524 
Formosa Plastics Corp.   131,086    326,441 
Formosa Taffeta Company, Ltd.   5,000    4,752 
Foxconn Technology Company, Ltd.   15,514    45,744 
Fubon Financial Holding Company, Ltd.   211,112    313,692 
Hon Hai Precision Industry Company, Ltd.   528,461    1,337,356 
Hotai Motor Company, Ltd.   9,000    105,704 
HTC Corp. (I)   26,997    75,512 
Hua Nan Financial Holdings Company, Ltd.   247,258    126,888 
Innolux Corp.   100,841    34,272 
Inotera Memories, Inc. (I)   79,000    69,725 
Inventec Corp.   25,899    21,261 
Largan Precision Company, Ltd.   3,143    383,058 
Lite-On Technology Corp.   39,626    57,288 
MediaTek, Inc.   49,340    378,828 
Mega Financial Holding Company, Ltd.   387,134    273,087 
Nan Ya Plastics Corp.   148,992    295,917 
Novatek Microelectronics Corp.   7,361    26,082 
Pegatron Corp.   71,989    186,308 
Pou Chen Corp.   36,641    51,772 
Powertech Technology, Inc.   13,149    34,173 
President Chain Store Corp.   21,496    171,213 
Quanta Computer, Inc.   92,771    194,420 
Realtek Semiconductor Corp.   5,999    19,799 
Shin Kong Financial Holding Company, Ltd. (I)   107,046    23,616 
Siliconware Precision Industries Company   54,855    82,393 
SinoPac Financial Holdings Company, Ltd.   144,703    42,839 
Synnex Technology International Corp.   24,928    27,664 
Taishin Financial Holding Company, Ltd.   287,217    107,166 
Taiwan Cement Corp.   60,781    69,326 
Taiwan Cooperative Financial
Holding Company, Ltd.		   257,949    114,211 
Taiwan Fertilizer Company, Ltd.   13,000    17,455 
Taiwan Mobile Company, Ltd.   62,257    223,846 
Taiwan Semiconductor
Manufacturing Company, Ltd.		   818,227    4,809,656 
Teco Electric & Machinery Company, Ltd.   16,000    13,841 
Transcend Information, Inc.   6,608    19,322 
Uni-President Enterprises Corp.   151,487    285,024 
United Microelectronics Corp.   258,313    95,386 
Wistron Corp.   40,193    29,978 
Ya Hsin Industrial Company, Ltd. (I)   36,000    0 
Yuanta Financial Holdings Company, Ltd.   189,267    67,883 

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Taiwan (continued)          
Yulon Motor Company, Ltd.   17,510   $15,449 
         14,471,528 
Thailand - 0.5%          
Advanced Info Service PCL   48,400    224,297 
Airports of Thailand PCL   15,000    172,994 
Bangkok Bank PCL   34,900    164,326 
Banpu PCL   110,000    49,981 
BEC World PCL   46,019    29,292 
Bumrungrad Hospital PCL, NVDR   14,300    72,174 
Charoen Pokphand Foods PCL   136,200    125,198 
CP ALL PCL   173,500    308,604 
Glow Energy PCL   27,900    64,430 
IRPC PCL   528,400    74,639 
Kasikornbank PCL   61,800    335,409 
Krung Thai Bank PCL   164,375    83,787 
PTT Exploration & Production PCL   60,147    141,490 
PTT Global Chemical PCL   65,273    111,260 
PTT PCL   34,300    337,502 
Siam Cement PCL, Foreign Shares   11,300    169,384 
Siam Commercial Bank PCL, Foreign Shares   70,748    303,618 
Thai Oil PCL   28,800    57,103 
True Corp. PCL   271,202    54,614 
         2,880,102 
Turkey - 0.3%          
Akbank TAS   67,697    181,356 
Anadolu Efes Biracilik Ve Malt Sanayii AS   8,117    49,135 
Arcelik AS   6,139    43,205 
BIM Birlesik Magazalar AS   8,214    137,017 
Coca-Cola Icecek AS   2,884    35,097 
Emlak Konut Gayrimenkul Yatirim
Ortakligi AS		   17,803    18,046 
Eregli Demir ve Celik Fabrikalari TAS   30,186    41,542 
Ford Otomotiv Sanayi AS   4,572    48,204 
Haci Omer Sabanci Holding AS   31,762    98,261 
KOC Holding AS   25,423    109,226 
TAV Havalimanlari Holding AS   4,656    19,192 
Tupras Turkiye Petrol Rafinerileri AS   4,998    94,645 
Turk Hava Yollari AO (I)   25,366    43,446 
Turk Telekomunikasyon AS   22,064    41,694 
Turkcell Iletisim Hizmetleri AS (I)   29,771    96,261 
Turkiye Garanti Bankasi AS   86,216    228,457 
Turkiye Halk Bankasi AS   25,911    78,743 
Turkiye Is Bankasi, Class C   60,572    95,885 
Turkiye Sise ve Cam Fabrikalari AS   39,946    42,333 
Turkiye Vakiflar Bankasi TAO, Class D   22,351    34,192 
Yapi ve Kredi Bankasi AS (I)   35,813    43,783 
         1,579,720 
United Kingdom - 11.4%          
3i Group PLC   32,836    276,852 
Aberdeen Asset Management PLC   35,216    148,641 
Admiral Group PLC   7,053    187,193 
Aggreko PLC   9,826    121,139 
Anglo American PLC (I)   48,446    604,157 
Ashtead Group PLC   17,291    284,164 
Associated British Foods PLC   12,520    421,856 
AstraZeneca PLC   42,494    2,751,543 
Auto Trader Group PLC (S)   35,298    185,560 
Aviva PLC   139,506    796,028 
Babcock International Group PLC   8,659    115,926 
BAE Systems PLC   107,860    732,718 
Barclays PLC   574,904    1,246,397 

 

The accompanying notes are an integral part of the financial statements.  
118

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
United Kingdom (continued)          
Barratt Developments PLC   34,575   $221,349 
Berkeley Group Holdings PLC   4,343    145,115 
BP PLC   635,701    3,705,314 
British American Tobacco PLC   62,935    4,013,725 
BT Group PLC   288,846    1,453,269 
Bunzl PLC   11,962    352,739 
Burberry Group PLC   15,023    268,073 
Capita PLC   21,255    184,125 
Centrica PLC   175,735    519,604 
CNH Industrial NV   34,400    246,321 
Cobham PLC   59,389    129,200 
Coca-Cola European Partners PLC   7,314    291,246 
Compass Group PLC   55,937    1,083,306 
Croda International PLC   4,431    199,944 
Diageo PLC   84,643    2,424,465 
Direct Line Insurance Group PLC   47,366    223,743 
Dixons Carphone PLC   33,696    160,947 
easyJet PLC   5,884    76,721 
Fiat Chrysler Automobiles NV   31,182    198,200 
G4S PLC   56,956    167,947 
GKN PLC   59,980    248,886 
GlaxoSmithKline PLC   165,300    3,520,630 
Hammerson PLC   26,482    201,547 
Hargreaves Lansdown PLC   8,843    145,610 
HSBC Holdings PLC   674,016    5,066,394 
ICAP PLC   18,696    112,592 
IMI PLC   10,620    147,799 
Imperial Brands PLC   32,270    1,660,948 
Inmarsat PLC   15,909    145,030 
InterContinental Hotels Group PLC   6,311    260,107 
International Consolidated Airlines Group SA   27,874    144,627 
Intertek Group PLC   5,765    260,253 
Intu Properties PLC   32,358    124,057 
ITV PLC   123,778    300,250 
J Sainsbury PLC   44,909    143,037 
Johnson Matthey PLC   6,534    278,701 
Kingfisher PLC   80,214    391,367 
Land Securities Group PLC   25,441    348,635 
Legal & General Group PLC   206,053    583,956 
Liberty Global PLC LiLAC, Class A (I)   51    1,407 
Liberty Global PLC LiLAC, Class C (I)   125    3,506 
Lloyds Banking Group PLC   2,155,541    1,522,915 
London Stock Exchange Group PLC   10,826    392,304 
Marks & Spencer Group PLC   54,764    234,943 
Meggitt PLC   26,170    152,746 
Merlin Entertainments PLC (S)   24,601    140,046 
National Grid PLC   126,453    1,785,864 
Next PLC   4,920    304,542 
Old Mutual PLC   171,915    450,626 
Pearson PLC   27,737    271,146 
Persimmon PLC   11,241    264,303 
Petrofac, Ltd.   10,236    118,477 
Provident Financial PLC   5,041    197,935 
Prudential PLC   87,786    1,556,144 
Reckitt Benckiser Group PLC   21,545    2,028,341 
RELX NV   34,121    610,318 
RELX PLC   38,312    726,525 
Rio Tinto PLC   41,749    1,387,571 
Rio Tinto, Ltd.   14,803    588,872 
Rolls-Royce Holdings PLC (I)   63,119    588,878 
Royal Bank of Scotland Group PLC (I)   113,690    263,199 
Royal Mail PLC   28,114    178,400 
RSA Insurance Group PLC   36,872    260,411 

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
United Kingdom (continued)          
SABMiller PLC   32,692   $1,904,282 
Schroders PLC   4,282    149,532 
Segro PLC   28,741    168,855 
Severn Trent PLC   7,940    257,635 
Sky PLC   36,284    420,533 
Smith & Nephew PLC   30,850    497,558 
Smiths Group PLC   13,338    253,186 
SSE PLC   35,464    720,118 
St. James’s Place PLC   17,965    220,520 
Standard Chartered PLC (I)   110,669    900,593 
Standard Life PLC   70,816    315,474 
Tate & Lyle PLC   15,746    152,842 
Taylor Wimpey PLC   113,396    226,176 
Tesco PLC (I)   277,781    657,908 
The British Land Company PLC   35,305    289,179 
The Sage Group PLC   38,364    366,553 
The Weir Group PLC   7,471    164,550 
Travis Perkins PLC   9,089    181,285 
Unilever NV   55,434    2,554,037 
Unilever PLC   43,242    2,046,205 
United Utilities Group PLC   23,943    310,988 
Vodafone Group PLC   892,134    2,558,560 
Whitbread PLC   5,837    296,240 
William Hill PLC   32,018    126,310 
WM Morrison Supermarkets PLC   81,859    231,140 
Worldpay Group PLC (S)   51,745    198,401 
WPP PLC   44,426    1,044,255 
         69,264,287 
United States - 0.1%          
Carnival PLC   6,738    328,741 
Valeant Pharmaceuticals International, Inc. (I)   11,600    284,618 
         613,359 
TOTAL COMMON STOCKS (Cost $498,659,012)          $588,178,030 
              
PREFERRED SECURITIES - 1.1%          
Brazil - 0.6%          
Banco Bradesco SA   92,001    839,343 
Braskem SA, A Shares   4,100    31,656 
Centrais Eletricas Brasileiras SA, B Shares (I)   4,300    31,561 
Cia Brasileira de Distribuicao   2,538    41,440 
Cia Energetica de Minas Gerais   26,542    70,025 
Cia Energetica de Sao Paulo, B Shares   6,883    31,112 
Cia Paranaense de Energia, B Shares   4,400    45,500 
Gerdau SA   31,800    86,634 
Itau Unibanco Holding SA   96,842    1,057,709 
Itausa - Investimentos Itau SA   125,695    322,339 
Lojas Americanas SA   16,784    104,198 
Petroleo Brasileiro SA (I)   128,851    537,647 
Suzano Papel e Celulose SA, A Shares   8,500    27,365 
Telefonica Brasil SA   6,552    94,589 
Vale SA   61,800    292,643 
         3,613,761 
Germany - 0.4%          
Bayerische Motoren Werke AG   1,808    133,439 
FUCHS PETROLUB SE   2,735    124,871 
Henkel AG & Company KGaA   6,051    823,552 
Porsche Automobil Holding SE   5,169    264,411 
Schaeffler AG   5,570    88,208 
Volkswagen AG   6,364    838,349 
         2,272,830 

 

The accompanying notes are an integral part of the financial statements.  
119

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Equity Index Trust B (continued)

 

     Shares or     
     Principal     
     Amount   Value 
PREFERRED SECURITIES (continued)          
South Korea - 0.1%          
Amorepacific Corp.   300   $57,947 
Hyundai Motor Company   1,197    115,060 
Hyundai Motor Company   705    64,470 
LG Chem, Ltd.   162    24,302 
Samsung Electronics Company, Ltd.   616    723,678 
         985,457 
Spain - 0.0%          
Grifols SA, Class B   854    13,676 
TOTAL PREFERRED SECURITIES (Cost $7,336,188)       $6,885,724 
           
RIGHTS - 0.0%          
Banpu Power PCL (Expiration Date:          
10/14/2016; Strike Price: THB 21.00) (I)   4,752    1,905 
Samsung Heavy Industries Company, Ltd.          
(Expiration Date: 11/09/2016; Strike Price:          
KRW 7,170.00) (I)   3,893    7,776 
TOTAL RIGHTS (Cost $0)       $9,681 
           
SECURITIES LENDING COLLATERAL - 1.2%          
John Hancock          
Collateral Trust, 0.6548% (W)(Y)   696,731    6,971,911 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $6,971,890)       $6,971,911 
           
SHORT-TERM INVESTMENTS - 0.5%          
Money market funds - 0.5%          
Invesco Short-Term Investments Trust, STIC          
Prime Portfolio, Institutional          
Class, 0.3900% (Y)   3,169,307   $3,169,307 
TOTAL SHORT-TERM INVESTMENTS (Cost $3,169,307)       $3,169,307 
Total Investments (International Equity Index Trust B)          
(Cost $516,136,397) - 99.7%       $605,214,653 
Other assets and liabilities, net - 0.3%        1,847,396 
TOTAL NET ASSETS - 100.0%       $607,062,049 

 

International Growth Stock Trust                

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS - 92.4%          
Australia - 4.1%          
Amcor, Ltd.   785,765   $9,152,054 
Brambles, Ltd.   357,607    3,296,259 
CSL, Ltd.   54,408    4,474,007 
         16,922,320 
Brazil - 1.6%          
BM&FBovespa SA   1,249,234    6,457,151 
Canada - 9.0%          
Canadian National Railway Company   63,769    4,168,474 
Cenovus Energy, Inc.   244,891    3,514,842 
CGI Group, Inc., Class A (I)   222,804    10,612,464 
Fairfax Financial Holdings, Ltd.   9,907    5,804,878 
Great-West Lifeco, Inc.   125,901    3,098,703 
PrairieSky Royalty, Ltd.   120,003    2,446,801 
Suncor Energy, Inc.   260,492    7,231,311 
         36,877,473 

 

International Growth Stock Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
China - 0.9%          
Baidu, Inc., ADR (I)   20,051   $3,650,686 
Denmark - 2.4%          
Carlsberg A/S, B Shares   83,860    8,014,828 
Novo Nordisk A/S, B Shares   46,565    1,940,769 
         9,955,597 
France - 4.1%          
Pernod Ricard SA   9,123    1,080,481 
Publicis Groupe SA   136,775    10,349,514 
Schneider Electric SA   76,793    5,342,045 
         16,772,040 
Germany - 9.1%          
Allianz SE   49,919    7,418,511 
Deutsche Boerse AG   109,512    8,552,284 
Deutsche Post AG   143,500    4,492,792 
ProSiebenSat.1 Media SE   134,375    5,761,383 
SAP SE   118,019    10,793,174 
         37,018,144 
Hong Kong - 3.9%          
CK Hutchison Holdings, Ltd.   810,468    10,359,601 
Galaxy Entertainment Group, Ltd.   1,467,000    5,578,615 
         15,938,216 
Israel - 2.3%          
Teva Pharmaceutical Industries, Ltd., ADR   204,835    9,424,458 
Japan - 8.1%          
Denso Corp.   62,900    2,509,996 
FANUC Corp.   21,200    3,581,008 
Japan Tobacco, Inc.   214,700    8,788,793 
Keyence Corp.   4,500    3,297,103 
Komatsu, Ltd.   210,600    4,830,998 
Toyota Motor Corp.   57,200    3,317,969 
Yahoo Japan Corp.   1,715,700    6,843,603 
         33,169,470 
Mexico - 2.9%          
Fomento Economico Mexicano SAB
de CV, ADR		   52,784    4,858,239 
Grupo Televisa SAB, ADR   266,161    6,837,676 
         11,695,915 
Netherlands - 1.7%          
Royal Dutch Shell PLC, B Shares   202,950    5,261,591 
Wolters Kluwer NV   42,048    1,797,612 
         7,059,203 
Singapore - 3.4%          
Broadcom, Ltd.   59,415    10,250,276 
United Overseas Bank, Ltd.   248,800    3,451,799 
         13,702,075 
South Korea - 0.8%          
Samsung Electronics Company, Ltd.   2,374    3,458,354 
Spain - 1.5%          
Amadeus IT Group SA   121,560    6,067,451 
Sweden - 4.6%          
Getinge AB, B Shares   224,298    4,348,243 
Investor AB, B Shares   211,649    7,738,881 
Sandvik AB   227,563    2,504,035 
Telefonaktiebolaget LM Ericsson, B Shares   591,218    4,268,762 
         18,859,921 

 

The accompanying notes are an integral part of the financial statements.  
120

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Growth Stock Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Switzerland - 6.8%          
Cie Financiere Richemont SA   59,808   $3,647,545 
Julius Baer Group, Ltd. (I)   129,146    5,264,246 
Novartis AG   35,458    2,798,357 
Roche Holding AG   35,290    8,769,516 
Syngenta AG   4,086    1,789,433 
UBS Group AG   412,714    5,637,863 
         27,906,960 
Taiwan - 2.8%          
Taiwan Semiconductor          
Manufacturing Company, Ltd.   1,911,000    11,233,132 
Thailand - 1.6%          
Kasikornbank PCL, NVDR   1,192,600    6,475,506 
Turkey - 1.0%          
Akbank TAS   1,554,017    4,163,106 
United Kingdom - 19.8%          
Aberdeen Asset Management PLC   784,478    3,311,144 
British American Tobacco PLC   133,619    8,521,647 
Compass Group PLC   380,622    7,371,333 
Informa PLC   460,555    4,249,008 
Kingfisher PLC   801,549    3,910,786 
Lloyds Banking Group PLC   5,590,641    3,949,853 
Next PLC   73,571    4,553,951 
RELX PLC   663,885    12,589,505 
Sky PLC   1,065,681    12,351,295 
Smith & Nephew PLC   252,985    4,080,216 
Unilever NV   124,637    5,742,460 
WPP PLC   428,655    10,075,750 
         80,706,948 
TOTAL COMMON STOCKS (Cost $334,034,184)       $377,514,126 
           
SHORT-TERM INVESTMENTS - 6.9%          
Money market funds - 6.9%          
Fidelity Institutional Money Market          
Government Portfolio, Institutional          
Class, 0.2700% (Y)   28,144,146   $28,144,146 
TOTAL SHORT-TERM INVESTMENTS (Cost $28,144,146)       $28,144,146 
Total Investments (International Growth Stock Trust)          
(Cost $362,178,330) - 99.3%       $405,658,272 
Other assets and liabilities, net - 0.7%        3,064,533 
TOTAL NET ASSETS - 100.0%       $408,722,805 

 

International Small Company Trust

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS - 99.1%          
Australia - 7.0%          
Acrux, Ltd. (I)   11,121   $2,808 
Adelaide Brighton, Ltd.   30,493    129,817 
AED Oil, Ltd. (I)   17,758    0 
Ainsworth Game Technology, Ltd.   10,192    17,611 
Alkane Resources, Ltd. (I)   4,753    1,769 
ALS, Ltd.   9,183    42,214 
Altium, Ltd.   4,532    32,097 
Alumina, Ltd.   68,703    77,350 
Ansell, Ltd.   7,661    135,250 

 

International Small Company Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Australia (continued)          
AP Eagers, Ltd.   2,176   $17,037 
APN News & Media, Ltd. (I)   13,259    34,838 
ARB Corp., Ltd.   5,909    82,518 
Arrium, Ltd. (I)   200,392    3,374 
ASG Group, Ltd. (I)   16,688    20,364 
AUB Group, Ltd.   4,308    36,562 
Ausdrill, Ltd. (I)   16,467    18,235 
Austal, Ltd.   23,155    26,312 
Australian Agricultural Company, Ltd. (I)   37,405    46,987 
Australian Pharmaceutical Industries, Ltd.   14,352    21,317 
Auswide Bank, Ltd.   607    2,375 
Automotive Holdings Group, Ltd.   19,175    63,140 
Aveo Group   16,672    44,264 
AWE, Ltd. (I)   36,008    17,394 
Bank of Queensland, Ltd.   10,521    92,148 
Beach Energy, Ltd.   141,502    72,398 
Bega Cheese, Ltd.   5,704    29,097 
Bendigo & Adelaide Bank, Ltd.   4,888    40,540 
Billabong International, Ltd. (I)   4,296    4,149 
Blackmores, Ltd. (L)   1,465    131,378 
BlueScope Steel, Ltd.   24,677    147,322 
Bradken, Ltd. (I)   10,103    18,811 
Breville Group, Ltd.   7,320    49,233 
Brickworks, Ltd.   1,798    19,212 
BT Investment Management, Ltd.   5,975    41,000 
Cabcharge Australia, Ltd.   9,047    23,765 
Cardno, Ltd. (I)   15,086    10,420 
Carnarvon Petroleum, Ltd. (I)   56,316    4,663 
carsales.com, Ltd.   9,128    83,866 
Cash Converters International, Ltd.   14,501    3,558 
Cedar Woods Properties, Ltd.   2,505    9,414 
Cleanaway Waste Management, Ltd.   84,321    72,617 
Coal of Africa, Ltd. (I)   28,467    1,045 
Compass Resources, Ltd. (I)   15,577    0 
Corporate Travel Management, Ltd.   2,502    33,993 
CSG, Ltd.   25,624    24,969 
CSR, Ltd.   40,665    113,379 
CuDeco, Ltd. (I)   8,580    2,823 
Data#3, Ltd.   9,073    10,185 
Decmil Group, Ltd.   2,109    1,689 
Downer EDI, Ltd.   31,360    130,472 
DuluxGroup, Ltd.   25,567    129,703 
Elders, Ltd. (I)   4,852    14,391 
Energy Resources of Australia, Ltd. (I)   12,909    3,304 
Energy World Corp., Ltd. (I)   75,962    13,103 
ERM Power, Ltd.   7,077    6,305 
Event Hospitality and Entertainment, Ltd.   8,898    102,912 
Evolution Mining, Ltd.   41,465    78,864 
Fairfax Media, Ltd.   171,716    124,734 
Fantastic Holdings, Ltd.   4,687    8,649 
Finbar Group, Ltd.   8,370    5,848 
Fleetwood Corp., Ltd. (I)   5,216    7,778 
FlexiGroup, Ltd.   20,305    36,254 
Flight Centre Travel Group, Ltd.   471    13,185 
G8 Education, Ltd.   17,385    40,643 
Genworth Mortgage Insurance Australia, Ltd.   18,245    37,715 
GrainCorp, Ltd., Class A   13,614    82,132 
Grange Resources, Ltd.   101,992    8,614 
Greencross, Ltd.   5,654    27,998 
GUD Holdings, Ltd.   8,928    72,264 
GWA Group, Ltd.   22,398    49,529 
Hansen Technologies, Ltd.   7,995    28,692 
Hills, Ltd. (I)   29,039    10,713 

 

The accompanying notes are an integral part of the financial statements.  
121

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Small Company Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Australia (continued)          
Horizon Oil, Ltd. (I)   103,008   $3,172 
Iluka Resources, Ltd.   25,991    125,896 
Imdex, Ltd. (I)   18,272    8,161 
IMF Bentham, Ltd.   11,295    16,040 
Independence Group NL   24,737    79,867 
Infigen Energy (I)   81,696    50,439 
Infomedia, Ltd.   15,337    9,464 
International Ferro Metals, Ltd. (I)   24,339    284 
InvoCare, Ltd.   6,652    71,133 
IOOF Holdings, Ltd. (L)   18,395    122,641 
IRESS, Ltd.   10,841    98,422 
JB Hi-Fi, Ltd.   9,816    218,478 
Karoon Gas Australia, Ltd. (I)   6,513    6,712 
Kingsgate Consolidated, Ltd. (I)   11,120    3,489 
MACA, Ltd.   4,396    5,848 
Macmahon Holdings, Ltd. (I)   112,440    10,395 
Macquarie Atlas Roads Group   21,605    82,914 
Magellan Financial Group, Ltd.   7,067    118,063 
Mayne Pharma Group, Ltd. (I)   25,978    39,998 
McMillan Shakespeare, Ltd.   5,664    51,512 
McPherson’s, Ltd.   7,978    6,837 
Medusa Mining, Ltd. (I)   8,127    4,502 
Metals X, Ltd. (I)   35,107    40,624 
Metcash, Ltd. (I)   69,441    111,649 
Mincor Resources NL (I)   19,890    5,587 
Mineral Resources, Ltd.   9,687    82,596 
MMA Offshore, Ltd. (I)   23,329    6,457 
Monadelphous Group, Ltd. (L)   7,434    52,061 
Mortgage Choice, Ltd.   6,422    9,908 
Mount Gibson Iron, Ltd. (I)   62,063    13,781 
Myer Holdings, Ltd.   63,302    56,802 
Navitas, Ltd.   12,119    48,618 
New Hope Corp., Ltd.   6,039    8,163 
nib holdings, Ltd.   31,708    113,925 
Northern Star Resources, Ltd.   42,401    150,255 
Nufarm, Ltd.   14,896    107,610 
OceanaGold Corp.   31,900    95,801 
OFX Group, Ltd.   14,134    20,624 
Orora, Ltd.   43,184    104,733 
OZ Minerals, Ltd.   18,232    85,257 
Paladin Resources, Ltd. (I)   118,845    13,728 
Peet, Ltd.   13,800    10,385 
Perpetual, Ltd.   3,182    114,372 
Perseus Mining, Ltd. (I)   42,768    17,633 
Platinum Asset Mangement, Ltd.   8,057    31,178 
PMP, Ltd.   32,750    16,052 
Premier Investments, Ltd.   6,565    78,391 
Primary Health Care, Ltd.   44,046    134,137 
Prime Media Group, Ltd.   17,812    3,758 
Programmed Maintenance Services, Ltd.   19,345    24,163 
Qube Holdings, Ltd.   26,676    47,812 
RCR Tomlinson, Ltd.   10,520    22,636 
Reckon, Ltd.   11,034    13,677 
Regis Resources, Ltd.   20,593    60,391 
Resolute Mining, Ltd. (I)   4,430    6,597 
Resolute Mining, Ltd.   37,931    56,486 
Retail Food Group, Ltd.   8,541    45,714 
Ridley Corp., Ltd.   19,156    19,746 
SAI Global, Ltd.   19,386    69,254 
Sandfire Resources NL   8,888    34,632 
Saracen Mineral Holdings, Ltd. (I)   53,338    58,412 
Select Harvests, Ltd.   4,873    21,272 
Senex Energy, Ltd. (I)   87,382    16,344 

 

International Small Company Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Australia (continued)          
Servcorp, Ltd.   5,074   $30,945 
Seven Group Holdings, Ltd.   7,850    51,926 
Seven West Media, Ltd.   40,846    23,003 
Sigma Pharmaceuticals, Ltd.   117,089    127,354 
Silex Systems, Ltd. (I)   1,955    449 
Silver Lake Resources, Ltd. (I)   29,625    12,019 
Sirtex Medical, Ltd.   4,444    108,028 
Slater & Gordon, Ltd. (I)   17,919    5,185 
SMS Management & Technology, Ltd.   8,079    10,910 
Southern Cross Media Group, Ltd.   51,441    58,120 
Spark Infrastructure Group   117,770    209,048 
Specialty Fashion Group, Ltd. (I)   12,034    4,997 
St. Barbara, Ltd. (I)   33,049    80,161 
Steadfast Group, Ltd.   11,756    20,617 
Sundance Resources, Ltd. (I)   164,268    379 
Super Retail Group, Ltd.   12,026    94,287 
Tabcorp Holdings, Ltd.   39,373    150,773 
Tassal Group, Ltd.   12,045    37,286 
Technology One, Ltd.   18,112    82,819 
Ten Network Holdings, Ltd. (I)   12,932    13,664 
TFS Corp., Ltd.   22,092    25,236 
The Prime Retirement & Aged
Care Property Trust (I)		   14,396    0 
The Reject Shop, Ltd.   2,561    20,801 
The Star Entertainment Group, Ltd.   37,603    174,404 
Tiger Resources, Ltd. (I)   92,816    1,493 
Tox Free Solutions, Ltd.   9,372    16,459 
Treasury Wine Estates, Ltd.   8,032    68,165 
Troy Resources, Ltd. (I)   15,555    4,789 
UGL, Ltd. (I)   12,337    20,341 
Village Roadshow, Ltd.   8,167    31,059 
Virgin Australia Holdings, Ltd. (I)   221,832    40,045 
Virgin Australia
International Holdings Pty, Ltd. (I)		   359,466    1,376 
Virtus Health, Ltd.   2,849    16,864 
Watpac, Ltd. (I)   11,170    7,297 
Webjet, Ltd.   9,273    82,671 
Western Areas, Ltd. (I)   18,795    41,934 
Whitehaven Coal, Ltd. (I)   54,148    102,714 
WorleyParsons, Ltd. (I)   10,012    64,962 
WPP AUNZ, Ltd.   25,254    21,288 
         7,978,465 
Austria - 1.3%          
AMAG Austria Metall AG (S)   304    10,808 
ams AG   4,783    155,414 
ANDRITZ AG   951    51,751 
Austria Technologie & Systemtechnik AG   1,376    16,904 
BUWOG AG (I)   2,931    79,290 
CA Immobilien Anlagen AG (I)   5,543    105,675 
Conwert Immobilien Invest SE (I)   4,312    81,158 
DO & CO AG   303    24,754 
EVN AG   1,566    18,567 
Kapsch TrafficCom AG   191    8,526 
Lenzing AG   504    58,866 
Mayr Melnhof Karton AG   713    78,453 
Oesterreichische Post AG (I)   3,023    107,078 
Palfinger AG   1,137    33,005 
Porr AG   356    12,793 
Raiffeisen Bank International AG (I)   7,252    110,384 
RHI AG   2,979    79,160 
Rosenbauer International AG   174    10,513 
S IMMO AG (I)   3,364    35,399 
Schoeller-Bleckmann Oilfield Equipment AG   1,079    71,507 

 

The accompanying notes are an integral part of the financial statements.  
122

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Small Company Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Austria (continued)          
Semperit AG Holding   822   $22,438 
Strabag SE   893    29,796 
Telekom Austria AG (I)   7,836    44,146 
UNIQA Insurance Group AG   3,130    20,343 
Verbund AG   689    11,492 
Wienerberger AG   9,071    154,010 
Zumtobel Group AG   2,545    49,133 
         1,481,363 
Belgium - 1.8%          
Ablynx NV (I)   1,954    24,591 
Ackermans & van Haaren NV   1,818    240,925 
AGFA-Gevaert NV (I)   16,974    53,500 
Banque Nationale de Belgique   12    37,825 
Barco NV   967    75,942 
Bekaert SA   1,807    82,718 
bpost SA   1,483    40,215 
Cie d’Entreprises CFE   687    75,529 
Cie Immobiliere de Belgique SA (I)   47    2,695 
D’ieteren SA   2,196    102,416 
Deceuninck NV   7,720    20,490 
Econocom Group SA (I)   4,944    74,256 
Elia System Operator SA   2,673    136,612 
Euronav NV   3,068    23,506 
EVS Broadcast Equipment SA   811    32,641 
Exmar NV   1,567    12,379 
Fagron (I)   2,409    26,132 
Galapagos NV (I)   2,443    157,207 
Gimv NV   23    1,221 
Ion Beam Applications   1,305    66,410 
Kinepolis Group NV   1,085    50,508 
Lotus Bakeries   9    22,605 
Melexis NV   1,616    116,114 
Nyrstar NV (I)   5,514    40,586 
Ontex Group NV   1,447    45,978 
Orange Belgium SA (I)   2,358    57,709 
Recticel SA   2,296    16,310 
Rezidor Hotel Group AB   8,485    36,892 
Sipef SA   356    20,514 
Tessenderlo Chemie NV (I)   2,049    68,606 
ThromboGenics NV (I)   1,612    5,245 
Umicore SA   4,011    251,848 
Van de Velde NV   556    40,216 
Viohalco SA (I)   7,173    9,832 
         2,070,173 
Bermuda - 0.2%          
Frontline, Ltd.   694    5,036 
Hiscox, Ltd.   16,221    218,883 
         223,919 
Cambodia - 0.1%          
NagaCorp, Ltd.   104,000    68,646 
Canada - 8.3%          
5N Plus, Inc. (I)   3,515    4,581 
Absolute Software Corp.   3,900    21,374 
Advantage Oil & Gas, Ltd. (I)   11,500    80,643 
Aecon Group, Inc.   5,300    73,201 
Ag Growth International, Inc.   1,100    37,244 
AGF Management, Ltd., Class B   6,598    25,297 
AGT Food & Ingredients, Inc.   1,218    34,787 
Aimia, Inc.   2,177    13,706 
AirBoss of America Corp.   1,500    15,149 
AKITA Drilling, Ltd., Class A   700    4,108 

 

International Small Company Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Canada (continued)          
Alamos Gold, Inc., Class A   17,348   $142,809 
Alaris Royalty Corp.   2,229    38,024 
Algonquin Power & Utilities Corp.   14,667    131,360 
Alterra Power Corp. (I)   1,571    7,879 
Altius Minerals Corp.   3,100    26,346 
Altus Group, Ltd.   1,118    24,926 
Asanko Gold, Inc. (I)   6,600    27,669 
ATS Automation Tooling Systems, Inc. (I)   5,847    49,024 
AuRico Metals, Inc. (I)   7,628    6,338 
AutoCanada, Inc.   1,985    33,513 
Avigilon Corp. (I)(L)   2,600    17,222 
B2Gold Corp. (I)   65,356    171,367 
Badger Daylighting, Ltd.   2,322    50,176 
Bankers Petroleum, Ltd. (I)   23,800    39,910 
Baytex Energy Corp. (I)   8,300    35,238 
Bellatrix Exploration, Ltd. (I)   9,897    8,524 
Birch Mountain Resources, Ltd. (I)   9,200    1 
Birchcliff Energy, Ltd. (I)   9,700    67,873 
Bird Construction, Inc.   495    4,282 
Black Diamond Group, Ltd.   2,750    9,370 
BlackPearl Resources, Inc. (I)   24,200    23,242 
BMTC Group, Inc.   500    5,134 
Bonavista Energy Corp.   13,661    43,942 
Bonterra Energy Corp.   2,200    43,616 
Boralex, Inc., Class A   4,377    62,421 
BRP, Inc. (I)   1,500    29,349 
Calfrac Well Services, Ltd.   6,414    14,373 
Canaccord Genuity Group, Inc.   6,371    22,872 
Canacol Energy, Ltd. (I)   7,565    24,910 
Canadian Energy Services & Technology Corp.   13,646    53,983 
Canadian Western Bank   4,915    94,595 
Canam Group, Inc.   2,800    21,449 
Canexus Corp.   4,363    5,055 
Canfor Corp. (I)   5,300    58,860 
Canfor Pulp Products, Inc.   2,715    21,232 
Canyon Services Group, Inc.   5,968    22,790 
Capital Power Corp.   6,627    104,157 
Capstone Mining Corp. (I)   29,467    17,968 
Cascades, Inc.   5,223    51,077 
Celestica, Inc. (I)   4,719    51,041 
Centerra Gold, Inc.   13,742    75,312 
Cequence Energy, Ltd. (I)   2,335    507 
Chinook Energy, Inc. (I)   3,544    1,378 
Cineplex, Inc.   2,800    107,907 
Clearwater Seafoods, Inc.   1,500    16,384 
Cogeco Communications, Inc.   407    20,090 
Cogeco, Inc.   545    21,360 
Colliers International Group, Inc. (I)   2,300    96,544 
Computer Modelling Group, Ltd.   5,720    42,771 
Copper Mountain Mining Corp. (I)   8,800    3,220 
Corridor Resources, Inc. (I)   4,930    1,653 
Corus Entertainment, Inc., B Shares   6,604    61,160 
Cott Corp. (Toronto Stock Exchange)   8,900    126,653 
Crew Energy, Inc. (I)   11,300    59,086 
Delphi Energy Corp. (I)   20,245    15,123 
Denison Mines Corp. (I)(L)   33,028    15,357 
DH Corp.   3,083    66,644 
DirectCash Payments, Inc.   500    4,890 
Dominion Diamond Corp.   7,361    71,537 
Dorel Industries, Inc., Class B   2,300    61,920 
Dundee Precious Metals, Inc. (I)   8,500    20,992 
Enbridge Income Fund Holdings, Inc.   2,092    54,215 
Endeavour Silver Corp. (I)   9,243    47,344 

 

The accompanying notes are an integral part of the financial statements.  
123

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Small Company Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Canada (continued)          
Enercare, Inc.   4,702   $67,630 
Enerflex, Ltd.   4,700    50,405 
Enghouse Systems, Ltd.   1,100    44,069 
Ensign Energy Services, Inc.   9,500    54,308 
Epsilon Energy, Ltd. (I)   3,000    6,860 
Equitable Group, Inc.   653    29,297 
Essential Energy Services, Ltd.   7,268    3,490 
Evertz Technologies, Ltd.   1,712    21,884 
Exchange Income Corp.   1,368    36,704 
Exco Technologies, Ltd.   1,500    13,834 
Exeter Resource Corp. (I)   230    298 
Extendicare, Inc.   6,230    44,922 
Fiera Capital Corp.   1,035    9,625 
Firm Capital Mortgage Investment Corp.   1,100    11,621 
First Majestic Silver Corp. (I)   5,381    55,494 
First National Financial Corp.   700    17,058 
FirstService Corp.   2,300    106,975 
Fortuna Silver Mines, Inc. (I)   8,670    62,847 
Gamehost, Inc.   100    764 
Genworth MI Canada, Inc.   2,688    69,169 
Gibson Energy, Inc.   7,398    99,471 
Glacier Media, Inc. (I)   6,100    3,348 
Gluskin Sheff + Associates, Inc.   2,500    30,375 
GMP Capital, Inc.   3,026    11,602 
goeasy, Ltd.   46    885 
Golden Star Resources, Ltd. (I)   11,800    9,894 
Gran Tierra Energy, Inc. (I)   24,566    73,588 
Granite Oil Corp. (I)   1,167    5,293 
Great Canadian Gaming Corp. (I)   3,100    53,969 
Great Panther Silver, Ltd. (I)   14,100    19,023 
Guyana Goldfields, Inc. (I)   6,600    41,201 
Hanfeng Evergreen, Inc. (I)   200    1 
Heroux-Devtek, Inc. (I)   1,600    16,049 
High Liner Foods, Inc.   1,773    35,178 
Home Capital Group, Inc. (L)   3,879    79,830 
Horizon North Logistics, Inc.   8,109    10,817 
HudBay Minerals, Inc.   18,257    72,224 
IAMGOLD Corp. (I)   24,428    98,684 
IMAX Corp. (I)   1,202    34,822 
Imperial Metals Corp. (I)   4,600    21,353 
Innergex Renewable Energy, Inc.   7,256    80,969 
Interfor Corp. (I)   4,720    53,534 
International Tower Hill Mines, Ltd. (I)   2,300    2,016 
Intertape Polymer Group, Inc.   4,500    77,655 
Just Energy Group, Inc. (L)   11,140    56,466 
K-Bro Linen, Inc.   600    18,778 
KAB Distribution, Inc. (I)   7,076    1 
Kelt Exploration, Ltd. (I)   1,454    6,417 
Kingsway Financial Services, Inc. (I)   425    2,443 
Kirkland Lake Gold, Inc. (I)   9,062    68,727 
Klondex Mines, Ltd. (I)   11,500    66,092 
Knight Therapeutics, Inc. (I)   1,000    7,226 
Laurentian Bank of Canada   2,614    97,670 
Leon’s Furniture, Ltd.   2,083    25,721 
Liquor Stores N.A., Ltd.   1,500    12,074 
Lucara Diamond Corp.   19,784    58,962 
MacDonald Dettwiler & Associates, Ltd.   683    41,648 
Major Drilling Group International, Inc.   6,800    32,913 
Mandalay Resources Corp.   9,500    7,241 
Manitoba Telecom Services, Inc.   2,120    60,920 
Maple Leaf Foods, Inc.   5,183    118,953 
Martinrea International, Inc.   7,093    44,063 
Medical Facilities Corp.   2,104    35,154 

 

International Small Company Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Canada (continued)          
Mitel Networks Corp. (I)   7,200   $52,904 
Morguard Corp.   100    13,034 
Morneau Shepell, Inc.   3,098    44,842 
MTY Food Group, Inc.   1,000    34,635 
Mullen Group, Ltd.   6,082    76,306 
Nautilus Minerals, Inc. (I)   62,676    7,644 
Nevsun Resources, Ltd.   10,958    33,159 
New Flyer Industries, Inc.   2,279    68,494 
New Gold, Inc (I)   23,228    100,741 
Newalta Corp.   4,200    7,811 
Norbord, Inc.   1,572    40,380 
Northland Power, Inc.   6,966    129,768 
NuVista Energy, Ltd. (I)   13,605    70,102 
Osisko Gold Royalties, Ltd.   5,295    57,957 
Painted Pony Petroleum, Ltd. (I)   7,448    45,814 
Pan American Silver Corp.   5,400    95,080 
Paramount Resources, Ltd., Class A (I)   6,600    74,152 
Parex Resources, Inc. (I)   8,116    103,000 
Parkland Fuel Corp.   4,934    116,322 
Pason Systems, Inc.   5,200    66,548 
Pengrowth Energy Corp.   37,750    59,562 
Penn West Petroleum, Ltd. (I)   25,619    45,889 
PHX Energy Services Corp.   1,500    4,288 
Pizza Pizza Royalty Corp.   229    2,676 
Platinum Group Metals, Ltd. (I)   500    1,380 
PolyMet Mining Corp. (I)   11,854    9,487 
Precision Drilling Corp.   16,959    70,838 
Premium Brands Holdings Corp.   1,400    65,948 
Primero Mining Corp. (I)   8,118    13,551 
Pulse Seismic, Inc. (I)   2,882    5,272 
QLT, Inc. (I)   100    206 
Questerre Energy Corp., Class A (I)   19,444    3,853 
Raging River Exploration, Inc. (I)   1,600    13,122 
Reitmans Canada, Ltd., Class A   3,200    16,025 
Richelieu Hardware, Ltd.   4,200    82,403 
Richmont Mines, Inc. (I)   2,000    20,153 
RMP Energy, Inc. (I)   10,900    8,641 
Rocky Mountain Dealerships, Inc.   100    712 
Rogers Sugar, Inc.   4,174    21,253 
Russel Metals, Inc.   4,789    76,474 
Sabina Gold & Silver Corp. (I)   2,375    2,534 
Sandstorm Gold, Ltd. (I)   9,631    48,671 
Sandvine Corp.   11,600    25,818 
Savanna Energy Services Corp. (I)   5,561    5,468 
Secure Energy Services, Inc.   11,054    78,106 
SEMAFO, Inc. (I)   19,490    81,112 
ShawCor, Ltd.   3,073    75,821 
Sherritt International Corp. (I)   33,600    21,513 
Sienna Senior Living, Inc.   1,555    20,102 
Sierra Wireless, Inc. (I)   2,100    30,285 
Silver Standard Resources, Inc. (I)   9,762    117,640 
Spartan Energy Corp. (I)   18,000    46,374 
Sprott Resource Corp. (I)   9,300    3,367 
Sprott, Inc.   9,900    18,261 
Stantec, Inc.   422    9,917 
Stella-Jones, Inc.   2,800    97,129 
Stuart Olson, Inc.   1,600    7,342 
Student Transportation, Inc.   5,290    31,653 
SunOpta, Inc. (I)   5,308    37,424 
Superior Plus Corp.   9,057    81,461 
Surge Energy, Inc.   16,100    33,257 
Taseko Mines, Ltd. (I)   16,100    7,731 
Tembec, Inc. (I)   3,200    2,220 

 

The accompanying notes are an integral part of the financial statements.  
124

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Small Company Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Canada (continued)          
Teranga Gold Corp. (I)   12,432   $11,932 
Teranga Gold Corp. (Toronto
Stock Exchange) (I)		   19,500    17,390 
The Descartes Systems Group, Inc. (I)   6,000    129,106 
The North West Company, Inc.   3,683    72,540 
Timmins Gold Corp. (I)   6,378    2,965 
TLC Vision Corp. (I)   3,400    7 
TORC Oil & Gas, Ltd.   9,480    58,313 
Toromont Industries, Ltd.   5,568    166,113 
Torstar Corp., Class B   6,800    8,604 
Total Energy Services, Inc.   2,409    24,715 
TransAlta Corp.   16,304    72,451 
TransAlta Renewables, Inc.   2,998    33,660 
Transcontinental, Inc., Class A   5,283    70,953 
TransForce, Inc.   5,885    121,876 
TransGlobe Energy Corp.   5,600    11,098 
Trican Well Service, Ltd. (I)   10,563    21,658 
Trinidad Drilling, Ltd.   17,619    33,708 
Uni-Select, Inc.   2,117    51,604 
Valener, Inc.   3,789    63,047 
Vecima Networks, Inc.   479    3,268 
Veresen, Inc.   11,625    118,735 
Wajax Corp.   1,300    14,338 
Wesdome Gold Mines, Ltd. (I)   8,000    16,281 
Western Energy Services Corp.   3,316    5,611 
Western Forest Products, Inc.   25,850    42,560 
Westshore Terminals Investment Corp.   4,189    76,152 
Whistler Blackcomb Holdings, Inc.   1,860    53,023 
Wi-LAN, Inc.   9,800    15,164 
Winpak, Ltd.   1,977    66,048 
Xtreme Drilling and Coil Services Corp. (I)   3,452    6,236 
Yellow Pages, Ltd. (I)   200    3,125 
ZCL Composites, Inc.   3,500    29,666 
Zenith Capital Corp. (I)   1,700    285 
         9,432,422 
China - 0.1%          
Bund Center Investment, Ltd.   18,500    8,974 
China Gold
International Resources Corp., Ltd. (I)		   12,500    30,584 
FIH Mobile, Ltd.   73,000    24,122 
         63,680 
Denmark - 2.4%          
ALK-Abello A/S   491    69,670 
Alm Brand A/S   7,955    60,954 
Amagerbanken A/S (I)   25,580    0 
Ambu A/S, Class B (I)   1,232    66,274 
Bang & Olufsen A/S (I)   3,937    40,732 
Bavarian Nordic A/S (I)   2,241    84,831 
D/S Norden A/S (I)   2,246    32,216 
Dfds A/S   2,755    139,598 
FLSmidth & Company A/S   2,430    91,425 
Genmab A/S (I)   2,251    385,265 
GN Store Nord A/S   7,647    164,902 
IC Group A/S   807    20,113 
Jyske Bank A/S   2,238    104,634 
Lan & Spar Bank A/S   225    12,654 
NKT Holding A/S   2,134    137,731 
PER Aarsleff A/S   1,380    33,176 
Ringkjoebing Landbobank A/S   386    83,184 
Rockwool International A/S, A Shares   59    10,552 
Rockwool International A/S, B Shares   501    90,266 
Royal Unibrew A/S   3,390    167,724 

 

International Small Company Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Denmark (continued)          
Santa Fe Group A/S (I)   800   $7,996 
Schouw & Company A/S   1,093    71,223 
SimCorp A/S   2,989    173,425 
Solar A/S, B Shares   603    34,355 
Spar Nord Bank A/S   7,501    72,505 
Sydbank A/S   4,294    130,909 
TDC A/S (I)   23,052    135,762 
Topdanmark A/S (I)   5,572    156,355 
Tryg A/S   2,099    42,175 
United International Enterprises   65    12,003 
Vestjysk Bank A/S (I)   155    214 
William Demant Holding A/S (I)   3,270    66,732 
         2,699,555 
Faroe Islands - 0.1%          
Bakkafrost P/F   2,180    91,199 
Finland - 2.9%          
Ahlstrom OYJ   63    875 
Alma Media OYJ (I)   4,110    22,241 
Amer Sports OYJ   8,604    263,158 
Apetit OYJ   696    10,635 
Atria OYJ   1,021    10,571 
BasWare OYJ (I)   538    23,800 
Cargotec OYJ, B Shares   3,292    151,081 
Caverion Corp.   7,780    59,807 
Citycon OYJ   27,617    70,365 
Cramo OYJ   2,993    77,069 
Elisa OYJ   6,236    229,818 
F-Secure OYJ   7,159    27,093 
Finnair OYJ (I)   3,281    16,175 
Fiskars OYJ ABP   2,710    53,375 
HKScan OYJ, A Shares   316    1,168 
Huhtamaki OYJ   6,248    291,022 
Ilkka-Yhtyma OYJ   1,535    4,741 
Kemira OYJ   8,272    111,972 
Kesko OYJ, A Shares   263    11,376 
Kesko OYJ, B Shares   3,706    170,735 
Konecranes OYJ   3,959    140,345 
Lassila & Tikanoja OYJ   1,447    28,051 
Metsa Board OYJ   17,392    102,993 
Metso OYJ   5,246    153,092 
Nokian Renkaat OYJ   5,661    206,401 
Olvi OYJ, A Shares   1,172    34,810 
Oriola-KD OYJ, B Shares   9,290    42,282 
Orion OYJ, Class A   1,226    47,961 
Orion OYJ, Class B   3,084    121,583 
Outokumpu OYJ (I)   16,994    116,675 
Outotec OYJ (I)(L)   13,940    66,976 
PKC Group OYJ   1,616    31,192 
Poyry OYJ (I)   2,864    9,792 
Raisio OYJ   8,267    36,394 
Ramirent OYJ   4,765    38,425 
Rapala VMC OYJ   2,298    11,265 
Sanoma OYJ   1,738    16,561 
Stockmann OYJ ABP, B Shares (I)   2,666    20,282 
Technopolis OYJ   8,322    30,492 
Tieto OYJ   3,984    125,763 
Tikkurila OYJ   2,068    44,481 
Uponor OYJ   4,437    82,233 
Vaisala OYJ, A Shares   206    7,284 
Valmet OYJ   3,827    57,584 
YIT OYJ   9,085    73,215 
         3,253,209 

 

The accompanying notes are an integral part of the financial statements.  
125

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Small Company Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
France - 4.9%          
ABC Arbitrage   1,818   $13,074 
Air France-KLM (I)   8,947    48,146 
Akka Technologies   546    20,296 
Albioma SA   1,912    33,057 
Alten SA   1,830    128,014 
Altran Technologies SA (I)   10,778    159,383 
APRIL SA   1,212    16,017 
Arkema SA   2,535    234,697 
Assystem   1,693    49,863 
Beneteau SA   2,042    20,796 
BioMerieux   482    71,832 
Boiron SA   604    61,399 
Bonduelle SCA   1,470    37,486 
Burelle SA   28    26,075 
Cegedim SA (I)   186    5,120 
CGG SA (I)   1,072    27,694 
Cie des Alpes   105    2,006 
Coface SA (I)   2,044    14,812 
Derichebourg SA   5,068    16,094 
Edenred   7,063    165,047 
Electricite de Strasbourg SA   81    9,095 
Elior Participations SCA (S)   1,027    23,515 
Elis SA   1,088    17,956 
Eramet (I)   341    13,568 
Etablissements Maurel et Prom (I)   7,666    35,669 
Euler Hermes Group   585    49,737 
Faiveley Transport SA   600    66,537 
Faurecia   3,465    135,977 
Fimalac   10    1,149 
Gaztransport Et Technigaz SA   525    15,160 
GL Events   213    4,177 
Groupe Crit   163    9,909 
Groupe Fnac SA (I)   507    37,245 
Groupe Fnac SA (London Stock Exchange) (I)   557    40,880 
Guerbet   272    18,379 
Haulotte Group SA   962    14,559 
Havas SA   5,414    45,818 
Imerys SA   1,636    118,164 
Interparfums SA   837    23,014 
Ipsen SA   1,857    130,465 
IPSOS   2,286    74,673 
Jacquet Metal Service   1,278    22,987 
Korian SA   1,799    57,900 
Lagardere SCA   7,152    182,136 
Lectra   1,346    23,856 
LISI   1,205    33,351 
Manitou BF SA   880    15,326 
Mersen   1,171    23,749 
Metropole Television SA   4,400    79,388 
Naturex (I)   388    34,785 
Neopost SA   2,259    61,067 
Nexans SA (I)   2,392    137,233 
Nexity SA (I)   2,360    124,637 
NicOx SA (I)   546    5,024 
Orpea   2,836    251,360 
Pierre & Vacances SA (I)   142    6,149 
Plastic Omnium SA   4,529    150,293 
Rallye SA   1,771    29,071 
Rexel SA   12,550    192,247 
Robertet SA   135    49,030 
Rubis SCA   2,775    254,521 
Sartorius Stedim Biotech   1,734    130,231 
Savencia SA   189    11,764 

 

International Small Company Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
France (continued)          
SEB SA   1,454   $205,354 
Seche Environnement SA   335    11,397 
Societe Internationale de
Plantations d’Heveas SA (I)		   50    1,902 
Solocal Group (I)(L)   1,735    7,425 
Somfy SA   241    108,818 
Sopra Steria Group   1,200    140,822 
Stef SA   202    16,988 
Synergie SA   557    18,578 
Technicolor SA   12,585    85,971 
Teleperformance   3,535    377,084 
Television Francaise 1   8,404    81,493 
Thermador Groupe   96    8,634 
Trigano SA   613    43,014 
UBISOFT Entertainment (I)   7,613    287,651 
Valneva SE (I)   1,912    5,602 
Vetoquinol SA   56    2,769 
Vicat SA   878    56,724 
VIEL & Compagnie SA   6,040    24,405 
Vilmorin & Compagnie SA   734    48,258 
Virbac SA (I)   350    58,527 
         5,504,075 
Gabon - 0.0%          
Total Gabon   20    2,833 
Georgia - 0.0%          
BGEO Group PLC   252    9,496 
Germany - 6.4%          
Aareal Bank AG   4,192    138,576 
ADVA Optical Networking SE (I)   2,463    24,842 
Amadeus Fire AG   346    24,776 
Aurubis AG   2,832    158,802 
Axel Springer SE   1,062    54,421 
Bauer AG   314    4,485 
BayWa AG   1,348    43,848 
Bechtle AG   1,195    138,354 
Bertrandt AG   394    42,852 
Bijou Brigitte AG   340    20,402 
Bilfinger SE (I)   1,326    43,711 
Biotest AG   714    13,458 
Borussia Dortmund GmbH & Company KGaA   5,769    31,467 
CANCOM SE   1,347    70,378 
Carl Zeiss Meditec AG   1,671    63,956 
CENTROTEC Sustainable AG   476    8,248 
Cewe Stiftung & Company KGAA   626    56,314 
Clere AG   248    7,734 
comdirect bank AG   2,610    26,692 
CompuGroup Medical AG   1,153    53,149 
CTS Eventim AG & Company KGaA   3,354    119,285 
Delticom AG   491    9,183 
Deutsche Beteiligungs AG   423    14,059 
Deutz AG   7,001    35,369 
DMG Mori AG   3,570    174,017 
Draegerwerk AG & Company KGaA   82    5,246 
Drillisch AG   2,708    131,607 
Duerr AG   1,941    163,205 
Elmos Semiconductor AG   566    8,477 
ElringKlinger AG   2,576    45,766 
Evotec AG (I)   2,885    16,290 
Fielmann AG   1,171    95,475 
Fraport AG Frankfurt Airport
Services Worldwide		   1,964    107,491 
Freenet AG   8,192    239,770 

 

The accompanying notes are an integral part of the financial statements.  
126

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Small Company Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Germany (continued)          
Fuchs Petrolub SE   1,379   $56,320 
Gerresheimer AG   1,930    164,095 
Gerry Weber International AG   2,449    31,312 
Gesco AG   295    23,086 
GFK SE   361    12,576 
GFT Technologies SE   961    19,805 
Grammer AG   1,191    72,256 
GRENKE AG   176    33,830 
Hamburger Hafen und Logistik AG   2,218    33,758 
Heidelberger Druckmaschinen AG (I)   18,003    43,553 
Hella KGaA Hueck & Company   811    32,171 
HOCHTIEF AG   95    13,407 
Hornbach Baumarkt AG   249    7,721 
Indus Holding AG   2,123    121,016 
Init Innovation In Traffic Systems AG   106    1,861 
Isra Vision AG   212    23,573 
Jenoptik AG   4,362    79,811 
K+S AG   2,172    41,244 
KION Group AG   2,565    166,196 
Kloeckner & Company SE (I)   7,645    93,166 
Koenig & Bauer AG (I)   182    8,563 
Kontron AG (I)   4,988    15,393 
Krones AG   1,102    107,254 
KUKA AG (I)   1,891    228,697 
KWS Saat SE   206    69,381 
Lanxess AG   3,724    231,810 
LEG Immobilien AG (I)   2,491    238,785 
Leoni AG   3,125    113,772 
LPKF Laser & Electronics AG (I)   1,182    13,371 
Manz AG (I)   233    9,430 
Medigene AG (I)   760    6,995 
MLP AG   5,864    24,699 
MTU Aero Engines AG   2,479    250,999 
MVV Energie AG   884    19,789 
Nemetschek SE   1,992    122,167 
Nordex SE (I)   5,058    154,142 
Norma Group SE   2,215    114,031 
OHB SE   399    8,238 
OSRAM Licht AG   2,844    167,076 
PATRIZIA Immobilien AG (I)   2,383    52,197 
Pfeiffer Vacuum Technology AG   664    63,123 
PNE Wind AG   4,544    11,080 
Puma SE   194    51,967 
QSC AG   6,549    14,674 
Rational AG   233    116,905 
Rheinmetall AG   3,081    214,756 
RHOEN-KLINIKUM AG   3,259    99,109 
RIB Software AG   1,641    20,219 
SAF-Holland SA   4,007    51,824 
Salzgitter AG   2,631    86,258 
Schaltbau Holding AG   493    17,316 
SGL Carbon SE (I)(L)   2,999    35,180 
SHW AG   14    516 
Sixt SE   1,292    72,874 
SMA Solar Technology AG (L)   916    29,279 
Software AG   4,608    195,296 
STADA Arzneimittel AG   4,642    258,278 
STRATEC Biomedical AG   58    3,349 
Stroeer SE & Company KGaA   2,153    93,727 
Suedzucker AG   5,201    144,644 
Suess MicroTec AG (I)   2,259    16,678 
TAG Immobilien AG   6,757    98,419 
Takkt AG   2,476    55,546 

 

International Small Company Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Germany (continued)          
TLG Immobilien AG   1,716   $38,733 
Tom Tailor Holding AG (I)   710    2,948 
Vossloh AG (I)   859    51,129 
VTG AG   1,231    34,954 
Wacker Chemie AG   578    48,745 
Wacker Neuson SE   2,553    37,228 
Washtec AG   850    40,375 
XING AG   155    32,613 
         7,256,993 
Gibraltar - 0.0%          
888 Holdings PLC   12,231    35,141 
Greece - 0.0%          
Alapis Holding Industrial & Commercial SA of          
Pharmaceutical Chemical Products (I)   3,303    152 
TT Hellenic Postbank SA (I)   12,594    0 
         152 
Guernsey, Channel Islands - 0.0%          
Raven Russia, Ltd. (I)   6,473    3,199 
Hong Kong - 3.1%          
Allied Group, Ltd.   6,000    31,151 
Allied Properties HK, Ltd.   160,000    32,934 
APAC Resources, Ltd. (I)   102,646    1,562 
APT Satellite Holdings, Ltd.   32,250    22,399 
Asia Financial Holdings, Ltd.   26,000    14,957 
Asia Satellite
Telecommunications Holdings, Ltd. (I)		   2,500    3,431 
ASM Pacific Technology, Ltd.   2,000    16,555 
Associated International Hotels, Ltd.   38,000    107,039 
Bonjour Holdings, Ltd.   162,800    7,400 
Bright Smart Securities &
Commodities Group, Ltd.		   26,000    11,346 
Brightoil Petroleum Holdings, Ltd.   33,000    9,963 
Brockman Mining, Ltd. (I)   740,840    11,933 
Burwill Holdings, Ltd. (I)   292,000    7,936 
Cafe de Coral Holdings, Ltd.   26,000    86,679 
Champion Technology Holdings, Ltd. (I)   545,220    9,475 
Chen Hsong Holdings   10,000    2,111 
Cheuk Nang Holdings, Ltd.   3,176    2,460 
China Billion Resources, Ltd. (I)   48,960    266 
China Energy Development Holdings, Ltd. (I)   634,000    7,955 
China Metal International Holdings, Inc.   12,000    4,275 
China Solar Energy Holdings, Ltd. (I)   42,500    986 
China Wah Yan Healthcare, Ltd. (I)   99,900    726 
Chow Sang Sang Holdings International, Ltd.   22,000    38,972 
Chuang’s Consortium International, Ltd.   30,948    6,984 
CITIC Telecom International Holdings, Ltd.   112,000    41,911 
CK Life Sciences International Holdings, Inc.   282,000    25,968 
CP Lotus Corp. (I)   220,000    4,030 
Cross-Harbour Holdings, Ltd.   18,000    24,163 
CSI Properties, Ltd.   245,066    9,064 
Dah Sing Banking Group, Ltd.   34,400    62,019 
Dah Sing Financial Holdings, Ltd.   14,120    93,037 
Dickson Concepts International, Ltd.   29,000    10,004 
EganaGoldpfeil Holdings, Ltd. (I)   103,373    0 
Emperor Capital Group, Ltd.   192,000    19,970 
Emperor Entertainment Hotel, Ltd.   40,000    10,376 
Emperor International Holdings, Ltd.   97,333    22,329 
Esprit Holdings, Ltd. (I)   94,700    77,040 
eSun Holdings, Ltd. (I)   74,000    7,585 
Far East Consortium International, Ltd.   122,286    49,124 
First Pacific Company, Ltd.   36,000    25,714 

 

The accompanying notes are an integral part of the financial statements.  
127

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Small Company Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Hong Kong (continued)          
Future Bright Holdings, Ltd.   6,000   $753 
G-Resources Group, Ltd.   2,014,800    37,215 
Get Nice Financial Group, Ltd.   14,775    2,088 
Get Nice Holdings, Ltd.   591,000    20,313 
Giordano International, Ltd.   100,000    51,546 
Global Brands Group Holding, Ltd. (I)   304,000    31,162 
Glorious Sun Enterprises, Ltd.   96,000    14,172 
Guotai Junan International Holdings, Ltd.   131,000    50,210 
Haitong International Securities Group, Ltd.   108,665    72,935 
Hang Fung Gold Technology, Ltd. (I)   90,000    0 
Hanison Construction Holdings, Ltd.   27,441    5,051 
Harbour Centre Development, Ltd.   38,000    68,237 
HKR International, Ltd. (I)   75,200    36,111 
Hong Kong Aircraft
Engineering Company, Ltd.		   2,000    14,458 
Hong Kong Ferry Holdings Company, Ltd.   29,000    33,663 
Hongkong Chinese, Ltd.   66,000    12,039 
Hopewell Holdings, Ltd.   23,500    86,140 
Hsin Chong Group Holdings, Ltd. (I)   170,000    9,275 
Hung Hing Printing Group, Ltd.   82,000    10,265 
Hutchison Telecommunications Hong
Kong Holdings, Ltd.		   136,000    46,286 
Imagi International Holdings, Ltd. (I)   31,875    815 
IT, Ltd.   44,601    14,539 
Johnson Electric Holdings, Ltd.   10,500    26,887 
K Wah International Holdings, Ltd.   131,611    72,450 
Kerry Logistics Network, Ltd.   36,000    49,597 
Kowloon Development Company, Ltd.   22,000    22,052 
Lai Sun Development Company, Ltd.   766,000    15,419 
Lifestyle China Group, Ltd. (I)   37,500    11,362 
Lifestyle International Holdings, Ltd.   37,500    51,550 
Lippo China Resources, Ltd.   36,000    999 
Liu Chong Hing Investment, Ltd.   16,000    23,001 
Luk Fook Holdings International, Ltd.   30,000    73,669 
Man Wah Holdings, Ltd.   89,600    57,626 
Mandarin Oriental International, Ltd.   8,000    10,450 
Mason Financial Holdings, Ltd. (I)   640,000    22,006 
Melco International Development, Ltd.   43,000    56,899 
Midland Holdings, Ltd. (I)   48,000    17,636 
NetMind Financial Holdings, Ltd. (I)   2,210,240    23,212 
New Times Energy Corp., Ltd. (I)   39,450    986 
NewOcean Energy Holdings, Ltd.   106,000    28,566 
Noble Group, Ltd. (I)   574,900    64,781 
Orient Overseas International, Ltd.   14,500    51,444 
Pacific Andes International Holdings, Ltd. (I)   328,006    6,174 
Pacific Basin Shipping, Ltd. (I)   166,000    21,516 
Pacific Textiles Holdings, Ltd.   51,000    66,301 
Paliburg Holdings, Ltd.   46,000    14,447 
Paradise Entertainment, Ltd. (I)   52,000    11,217 
Peace Mark Holdings, Ltd. (I)   164,000    0 
Pearl Oriental Oil, Ltd. (I)   186,000    6,022 
Pico Far East Holdings, Ltd.   100,000    30,106 
Playmates Holdings, Ltd.   7,800    9,218 
Playmates Toys, Ltd.   8,000    1,235 
Polytec Asset Holdings, Ltd.   150,000    10,637 
PYI Corp., Ltd. (I)   372,000    7,314 
Regal Hotels International Holdings, Ltd.   36,000    20,100 
Sa Sa International Holdings, Ltd.   85,037    36,217 
SEA Holdings, Ltd.   4,000    10,018 
Shenwan Hongyuan HK, Ltd.   20,000    10,555 
Shun Tak Holdings, Ltd.   144,250    46,770 
Singamas Container Holdings, Ltd.   114,000    12,118 
Sitoy Group Holdings, Ltd.   14,000    5,303 

 

International Small Company Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Hong Kong (continued)          
SmarTone Telecommunications Holdings, Ltd.   31,500   $52,182 
SOCAM Development, Ltd. (I)   16,674    6,282 
South China Holdings Company, Ltd. (I)   512,000    27,501 
Stella International Holdings, Ltd.   25,000    42,727 
Sun Hung Kai & Company, Ltd.   25,000    15,707 
TAI Cheung Holdings, Ltd.   46,000    37,019 
Tao Heung Holdings, Ltd.   14,000    4,409 
Television Broadcasts, Ltd.   19,100    73,132 
Texwinca Holdings, Ltd.   60,000    41,574 
The Hongkong & Shanghai Hotels, Ltd.   25,500    25,385 
Titan Petrochemicals Group, Ltd. (I)   500,000    6,575 
Town Health International Medical Group, Ltd.   78,000    12,409 
Tradelink Electronic Commerce, Ltd.   50,000    10,036 
Transport International Holdings, Ltd.   19,200    57,669 
Trinity, Ltd. (I)   74,000    5,754 
United Laboratories
International Holdings, Ltd. (I)		   42,000    24,554 
Upbest Group, Ltd.   164,000    30,667 
Value Partners Group, Ltd.   62,000    64,235 
Varitronix International, Ltd.   18,000    7,245 
Victory City International Holdings, Ltd.   113,060    5,645 
Vitasoy International Holdings, Ltd.   60,000    121,521 
VST Holdings, Ltd.   75,200    22,052 
VTech Holdings, Ltd.   6,900    78,903 
Wai Kee Holdings, Ltd.   68,000    21,924 
Wing Tai Properties, Ltd.   102,000    64,312 
Xinyi Glass Holdings, Ltd. (I)   159,000    144,558 
YGM Trading, Ltd.   10,000    5,311 
Yugang International, Ltd.   312,000    5,416 
         3,559,666 
India - 0.0%          
Vedanta Resources PLC   2,671    20,174 
Ireland - 0.7%          
C&C Group PLC   19,897    82,484 
FBD Holdings PLC (I)   1,839    13,518 
Glanbia PLC   6,187    119,069 
Grafton Group PLC   12,401    79,856 
Greencore Group PLC   21,443    93,202 
IFG Group PLC   8,615    18,371 
Irish Continental Group PLC   8,389    41,188 
Kingspan Group PLC   7,594    204,588 
UDG Healthcare PLC   18,184    151,136 
         803,412 
Isle of Man - 0.3%          
GVC Holdings PLC   10,747    103,344 
Hansard Global PLC   6,816    9,945 
Paysafe Group PLC (I)   8,474    48,953 
Playtech PLC   12,183    143,781 
         306,023 
Israel - 0.6%          
Africa Israel Investments, Ltd. (I)   7,409    2,382 
Airport City, Ltd. (I)   4,247    48,346 
Amot Investments, Ltd.   4,144    18,487 
Cellcom Israel, Ltd. (I)   825    6,179 
Cellcom Israel, Ltd. (Tel Aviv
Stock Exchange) (I)		   1,966    14,724 
Ceragon Networks, Ltd. (I)   220    535 
Clal Biotechnology Industries, Ltd. (I)   3,950    3,083 
Clal Insurance Enterprise Holdings, Ltd. (I)   1,968    21,186 
Compugen, Ltd. (I)   1,251    7,955 
Delek Automotive Systems, Ltd.   2,996    26,204 

 

The accompanying notes are an integral part of the financial statements.  
128

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Small Company Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Israel (continued)          
Delta-Galil Industries, Ltd.   618   $17,450 
Electra, Ltd.   37    5,075 
First International Bank of Israel, Ltd.   698    8,925 
Gilat Satellite Networks, Ltd. (I)   215    1,049 
Hadera Paper, Ltd. (I)   244    9,082 
Harel Insurance Investments &
Financial Services, Ltd.		   10,502    38,010 
Israel Discount Bank, Ltd., Class A (I)   13,862    25,518 
Jerusalem Oil Exploration (I)   782    35,106 
Kamada, Ltd. (I)   1,616    8,322 
Matrix IT, Ltd.   2,095    15,116 
Mazor Robotics, Ltd. (I)   891    11,371 
Melisron, Ltd.   701    30,963 
Menorah Mivtachim Holdings, Ltd. (I)   1,766    14,489 
Migdal Insurance & Financial Holding, Ltd.   13,577    8,852 
Mivtach Shamir Holdings, Ltd.   397    8,360 
Naphtha Israel Petroleum Corp., Ltd. (I)   2,030    11,688 
Nova Measuring Instruments, Ltd. (I)   376    4,485 
Oil Refineries, Ltd. (I)   53,675    19,872 
Partner Communications Company, Ltd. (I)   2,939    13,486 
Paz Oil Company, Ltd.   378    59,147 
Rami Levy Chain Stores Hashikma
Marketing 2006, Ltd.		   449    18,254 
Sapiens International Corp. NV   836    10,871 
Shikun & Binui, Ltd.   16,067    29,338 
Shufersal, Ltd.   9,143    35,263 
Strauss Group, Ltd.   2,607    41,338 
The Phoenix Holdings, Ltd. (I)   2,821    7,747 
Tower Semiconductor, Ltd. (I)   3,359    50,189 
         688,447 
Italy - 3.6%          
A2A SpA   67,835    95,808 
ACEA SpA   5,780    72,667 
Amplifon SpA   9,264    95,120 
Anima Holding SpA (S)   2,483    12,121 
Ansaldo STS SpA   5,875    68,658 
Arnoldo Mondadori Editore SpA (I)   12,613    12,947 
Ascopiave SpA   2,314    6,992 
Astaldi SpA   4,499    16,972 
Autogrill SpA   9,730    82,469 
Azimut Holding SpA   6,980    102,704 
Banca Generali SpA   4,148    79,619 
Banca IFIS SpA   1,301    29,325 
Banca Mediolanum SpA   6,451    42,771 
Banca Popolare dell’Emilia Romagna SC   28,867    107,570 
Banca Popolare dell’Etruria e del Lazio SC (I)   13,061    0 
Banca Popolare di Milano Scarl   261,987    105,177 
Banca Popolare di Sondrio Scarl   22,606    63,244 
Banca Profilo SpA   24,032    4,523 
Banco Popolare SC   21,842    51,507 
Biesse SpA   835    13,229 
Brembo SpA   2,573    153,536 
Buzzi Unicem SpA   4,611    94,548 
Cairo Communication SpA   2,348    8,949 
Cementir Holding SpA   6,150    29,026 
Cerved Information Solutions SpA   7,734    65,331 
CIR-Compagnie Industriali Riunite SpA   39,165    40,037 
Credito Emiliano SpA   6,238    33,880 
Credito Valtellinese SC (L)   79,817    27,722 
Danieli & C Officine Meccaniche SpA   1,334    25,762 
Datalogic SpA   981    20,952 
Davide Campari Milano SpA   14,723    165,921 
De’Longhi SpA   2,796    67,720 

 

International Small Company Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Italy (continued)          
DeA Capital SpA (I)   4,665   $5,497 
DiaSorin SpA   1,678    107,854 
Ei Towers SpA (I)   1,086    57,199 
ERG SpA   5,628    64,596 
Esprinet SpA   3,554    19,762 
Eurotech SpA (I)   1,562    2,071 
Falck Renewables SpA   9,073    8,020 
FinecoBank Banca Fineco SpA   3,077    17,838 
Geox SpA   8,390    19,913 
Gruppo Editoriale L’Espresso SpA (I)   18,304    15,273 
Hera SpA   62,355    167,921 
IMMSI SpA   6,756    2,843 
Industria Macchine Automatiche SpA   816    54,202 
Interpump Group SpA   5,467    93,165 
Iren SpA   48,658    83,671 
Italcementi SpA (I)   8,870    105,422 
Italmobiliare SpA   827    41,780 
Juventus Football Club SpA (I)   23,150    7,839 
Maire Tecnimont SpA   10,323    25,561 
MARR SpA   2,608    52,264 
Mediaset SpA   38,140    119,742 
Moncler SpA   2,891    49,352 
Parmalat SpA   23,646    62,665 
Piaggio & C SpA   17,916    33,464 
Prysmian SpA   8,789    230,145 
Recordati SpA   6,917    222,312 
Reply SpA   376    49,446 
Safilo Group SpA (I)   2,378    22,780 
Saipem SpA (I)   146,970    62,268 
Salini Impregilo SpA   8,412    24,249 
Salvatore Ferragamo SpA   2,121    53,833 
Saras SpA   23,795    37,862 
SAVE SpA   890    17,485 
Societa Cattolica di Assicurazioni SCRL   13,049    73,004 
Societa Iniziative Autostradali e Servizi SpA   5,263    50,303 
Sogefi SpA (I)   3,551    7,181 
SOL SpA   2,802    24,240 
Tod’s SpA   590    31,173 
Trevi Finanziaria Industriale SpA (I)   9,838    13,527 
Unipol Gruppo Finanziario SpA   18,195    46,492 
Vittoria Assicurazioni SpA   2,112    23,022 
Yoox Net-A-Porter Group SpA (I)   3,137    97,224 
Zignago Vetro SpA   1,669    9,600 
         4,110,867 
Japan - 22.7%          
Accordia Golf Company, Ltd.   2,900    29,585 
Achilles Corp.   1,000    14,115 
Adastria Company, Ltd.   1,820    41,814 
ADEKA Corp.   7,300    100,998 
Advan Company, Ltd.   1,000    9,106 
Aeon Delight Company, Ltd.   200    6,103 
Ai Holdings Corp.   2,700    65,094 
Aica Kogyo Company, Ltd.   2,900    77,142 
Aichi Corp.   3,200    23,440 
Aichi Steel Corp.   1,000    50,710 
Aida Engineering, Ltd.   4,500    36,034 
Ain Holdings, Inc.   400    27,233 
Aiphone Company, Ltd.   1,300    21,452 
Airport Facilities Company, Ltd.   1,200    5,981 
Aisan Industry Company, Ltd.   2,500    19,840 
Akebono Brake Industry Company, Ltd. (I)   2,300    4,625 
Alpen Company, Ltd.   1,100    19,857 
Alpha Systems, Inc.   840    13,818 

 

The accompanying notes are an integral part of the financial statements.  
129

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Small Company Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Japan (continued)          
Alpine Electronics, Inc.   3,300   $43,655 
Amano Corp.   4,300    68,740 
Anest Iwata Corp.   1,800    18,546 
Anicom Holdings, Inc.   400    9,847 
Anritsu Corp.   9,800    56,052 
AOKI Holdings, Inc.   4,000    45,293 
Aoyama Trading Company, Ltd.   2,500    86,465 
Arcland Sakamoto Company, Ltd.   2,400    26,950 
Arcs Company, Ltd.   3,125    78,208 
Ariake Japan Company, Ltd.   600    32,323 
Arisawa Manufacturing Company, Ltd.   2,900    14,896 
Arrk Corp. (I)   4,200    3,091 
As One Corp.   400    17,417 
Asahi Company, Ltd.   800    9,953 
Asahi Diamond Industrial Company, Ltd.   3,900    31,624 
Asahi Holdings, Inc.   1,800    30,757 
Asahi Yukizai Corp.   6,000    11,658 
Asatsu-DK, Inc.   2,300    61,263 
ASKA Pharmaceutical Company, Ltd.   1,600    29,427 
Atom Corp.   2,000    13,425 
Atsugi Company, Ltd.   12,000    12,712 
Autobacs Seven Company, Ltd.   4,300    61,664 
Avex Group Holdings, Inc.   2,500    34,038 
Axell Corp.   100    724 
Axial Retailing, Inc.   800    27,893 
Azbil Corp.   1,800    54,397 
Bando Chemical Industries, Ltd.   2,500    24,868 
Bank of the Ryukyus, Ltd.   3,000    35,596 
Belc Company, Ltd.   500    19,007 
Belluna Company, Ltd.   2,100    12,993 
Bic Camera, Inc.   2,200    18,290 
BML, Inc.   1,800    47,371 
Broadleaf Company, Ltd.   500    5,492 
Bunka Shutter Company, Ltd.   5,000    39,739 
CAC Holdings Corp.   1,500    12,753 
Calsonic Kansei Corp.   7,000    64,844 
Can Do Company, Ltd.   900    14,472 
Canon Electronics, Inc.   1,700    27,002 
Capcom Company, Ltd.   1,600    39,365 
Cawachi, Ltd.   900    21,807 
Central Glass Company, Ltd.   14,000    55,136 
Chino Corp.   400    4,008 
Chiyoda Company, Ltd.   800    19,680 
Chiyoda Integre Company, Ltd.   800    16,285 
Chofu Seisakusho Company, Ltd.   1,700    44,678 
Chubu Shiryo Company, Ltd.   2,000    14,574 
Chudenko Corp.   2,600    52,598 
Chuetsu Pulp & Paper Company, Ltd.   5,000    11,037 
Chugai Mining Company, Ltd. (I)   25,400    6,526 
Chugai Ro Company, Ltd.   5,000    9,895 
Chugoku Marine Paints, Ltd.   4,000    28,080 
Ci:z Holdings Company, Ltd.   1,000    28,724 
Citizen Holdings Company, Ltd.   7,800    40,851 
CKD Corp.   4,100    49,643 
Clarion Company, Ltd. (L)   8,000    23,785 
Cleanup Corp.   2,100    17,863 
CMK Corp. (I)   5,400    29,194 
cocokara fine, Inc.   1,140    43,922 
Colowide Company, Ltd.   2,200    40,190 
CONEXIO Corp.   1,900    26,322 
COOKPAD, Inc.   700    6,723 
Corona Corp.   300    3,029 
Cosel Company, Ltd.   1,200    14,506 

 

International Small Company Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Japan (continued)          
Cosmo Energy Holdings Company, Ltd.   3,400   $42,846 
Create Restaurants Holdings, Inc.   2,500    25,458 
Dai Nippon Toryo Company, Ltd.   12,000    24,232 
Dai-Dan Company, Ltd.   2,000    15,679 
Daibiru Corp.   3,400    31,005 
Daido Metal Company, Ltd.   3,000    32,883 
Daido Steel Company, Ltd.   5,000    22,930 
Daidoh, Ltd.   2,000    8,109 
Daifuku Company, Ltd.   4,600    84,469 
Daihen Corp.   8,000    42,663 
Daiichi Jitsugyo Company, Ltd.   4,000    21,861 
Daiichikosho Company, Ltd.   1,100    44,913 
Daiken Corp.   1,000    19,577 
Daiken Medical Company, Ltd.   400    3,001 
Daikoku Denki Company, Ltd.   800    12,166 
Daikyo, Inc.   19,000    34,456 
Dainichiseika Color & Chemicals          
Manufacturing Company, Ltd.   7,000    34,237 
Daio Paper Corp.   7,000    82,867 
Daiseki Company, Ltd.   2,500    48,812 
Daisyo Corp.   800    11,986 
Daiwa Industries, Ltd.   2,000    18,102 
Daiwabo Holdings Company, Ltd.   12,000    28,363 
DCM Holdings Company, Ltd.   7,700    66,170 
Denka Company, Ltd.   13,000    56,301 
Denki Kogyo Company, Ltd.   5,000    25,175 
Denyo Company, Ltd.   900    9,373 
Descente, Ltd.   2,300    29,778 
DMG Mori Company, Ltd.   2,600    27,126 
Doshisha Company, Ltd.   1,700    35,701 
Doutor Nichires Holdings Company, Ltd.   2,900    53,288 
Dowa Holdings Company, Ltd.   3,000    21,032 
DTS Corp.   900    20,042 
Dunlop Sports Company, Ltd.   1,300    13,136 
Duskin Company, Ltd.   3,100    57,785 
Dydo Drinco, Inc.   700    38,904 
Eagle Industry Company, Ltd.   800    9,768 
EDION Corp.   6,100    51,098 
Eiken Chemical Company, Ltd.   1,400    40,408 
Eizo Corp.   1,500    40,678 
Elematec Corp.   700    13,616 
en-japan, Inc.   800    17,342 
Enplas Corp.   400    12,176 
EPS Holdings, Inc.   1,800    24,727 
ESPEC Corp.   1,600    20,843 
Excel Company, Ltd.   900    11,218 
Exedy Corp.   1,100    27,966 
F@N Communications, Inc.   2,000    14,740 
FamilyMart UNY Holdings Company, Ltd.   228    15,220 
FCC Company, Ltd.   2,800    60,243 
Feed One Holdings Company, Ltd.   15,040    17,311 
Ferrotec Corp.   2,600    32,351 
Fields Corp.   1,500    18,810 
Financial Products Group Company, Ltd.   2,700    25,112 
Foster Electric Company, Ltd.   2,100    38,592 
FP Corp.   1,100    61,816 
France Bed Holdings Company, Ltd.   2,200    19,166 
Fudo Tetra Corp.   10,800    18,255 
Fuji Company, Ltd.   1,400    28,246 
Fuji Corp., Ltd.   100    680 
Fuji Kyuko Company, Ltd.   1,000    11,709 
Fuji Oil Company, Ltd.   4,400    13,856 
Fuji Oil Holdings, Inc.   4,600    94,287 

 

The accompanying notes are an integral part of the financial statements.  
130

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Small Company Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Japan (continued)          
Fuji Seal International, Inc.   1,700   $70,109 
Fuji Soft, Inc.   1,800    50,458 
Fujibo Holdings, Inc.   700    20,205 
Fujicco Company, Ltd.   1,000    23,013 
Fujikura Kasei Company, Ltd.   2,000    12,000 
Fujikura, Ltd.   15,000    81,924 
Fujimi, Inc.   500    7,556 
Fujimori Kogyo Company, Ltd.   1,100    25,974 
Fujisash Company, Ltd.   4,900    3,987 
Fujita Kanko, Inc.   3,000    10,610 
Fujitec Company, Ltd.   5,000    59,550 
Fujitsu General, Ltd.   3,000    64,999 
Fukushima Industries Corp.   500    16,387 
Fukuyama Transporting Company, Ltd. (L)   7,000    40,760 
Funai Electric Company, Ltd.   2,600    21,340 
Funai Soken Holdings, Inc.   1,200    17,952 
Furukawa Company, Ltd.   19,000    29,784 
Furukawa Electric Company, Ltd.   700    19,046 
Furuno Electric Company, Ltd.   2,400    13,030 
Fuso Pharmaceutical Industries, Ltd.   500    13,807 
Futaba Corp.   2,900    47,330 
Futaba Industrial Company, Ltd.   3,400    16,921 
Future Corp.   200    1,492 
Fuyo General Lease Company, Ltd.   1,700    84,540 
G-Tekt Corp.   600    11,107 
Gakken Holdings Company, Ltd.   4,000    12,243 
Gecoss Corp.   400    3,481 
Geo Holdings Corp.   2,700    34,938 
GLOBERIDE, Inc.   1,000    17,043 
Glory, Ltd.   1,600    52,758 
GMO Internet, Inc.   2,600    34,952 
GMO Payment Gateway, Inc.   600    31,347 
Godo Steel, Ltd.   1,000    17,887 
Goldcrest Company, Ltd.   1,690    27,767 
Gree, Inc.   2,900    16,304 
GS Yuasa Corp.   6,000    24,728 
Gun-Ei Chemical Industry Company, Ltd.   400    11,898 
Gunze, Ltd.   13,000    41,999 
Gurunavi, Inc.   1,400    38,507 
H2O Retailing Corp.   100    1,423 
Hakuto Company, Ltd.   1,300    11,939 
Hamakyorex Company, Ltd.   1,000    18,026 
Hanwa Company, Ltd.   14,000    85,001 
Happinet Corp.   1,000    10,545 
Harima Chemicals, Inc.   2,000    10,067 
Hazama Ando Corp.   10,090    61,423 
Heiwa Corp.   700    15,582 
Heiwa Real Estate Company, Ltd.   2,800    40,367 
Heiwado Company, Ltd.   2,000    39,061 
Hibiya Engineering, Ltd.   1,500    24,677 
Hiday Hidaka Corp.   696    16,804 
Hioki EE Corp.   500    9,457 
Hiramatsu, Inc.   300    1,772 
HIS Company, Ltd.   1,400    36,651 
Hisaka Works, Ltd.   2,000    16,906 
Hitachi Koki Company, Ltd.   4,200    30,565 
Hitachi Kokusai Electric, Inc.   4,000    73,750 
Hitachi Transport System, Ltd.   2,200    43,960 
Hitachi Zosen Corp.   11,700    59,408 
Hodogaya Chemical Company, Ltd.   700    18,723 
Hogy Medical Company, Ltd.   900    63,104 
Hokkaido Electric Power Company, Inc.   7,200    61,465 
Hokkaido Gas Company, Ltd.   3,000    8,206 

 

International Small Company Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Japan (continued)          
Hokkan Holdings, Ltd.   5,000   $17,185 
Hokuetsu Industries Company, Ltd.   2,000    13,319 
Hokuetsu Kishu Paper Company, Ltd.   9,500    57,289 
Hokuhoku Financial Group, Inc.   2,700    36,330 
Hokuto Corp.   1,600    28,808 
Honeys Company, Ltd.   1,350    15,852 
Hoosiers Holdings   1,500    7,829 
Horiba, Ltd.   2,500    123,179 
Hosiden Corp.   4,400    31,905 
Hosokawa Micron Corp.   3,000    16,880 
House Foods Group, Inc.   600    13,752 
Ibiden Company, Ltd.   5,200    69,921 
IBJ Leasing Company, Ltd.   1,900    38,285 
Ichikoh Industries, Ltd.   4,000    11,981 
Ichiyoshi Securities Company, Ltd.   2,800    21,288 
Icom, Inc.   500    9,940 
Idec Corp.   2,500    23,204 
IDOM, Inc.   3,900    21,900 
Ihara Chemical Industry Company, Ltd.   1,200    10,701 
Iino Kaiun Kaisha, Ltd.   5,200    18,804 
Ikegami Tsushinki Company, Ltd.   4,000    5,092 
Imasen Electric Industrial   1,700    14,718 
Imperial Hotel, Ltd.   200    4,182 
Inaba Denki Sangyo Company, Ltd.   1,600    57,834 
Inaba Seisakusho Company, Ltd.   200    2,519 
Inabata & Company, Ltd.   4,000    41,117 
Inageya Company, Ltd.   1,500    21,197 
Ines Corp.   2,700    30,913 
Intage Holdings, Inc.   900    15,115 
Internet Initiative Japan, Inc.   2,400    45,100 
Inui Global Logistics Company, Ltd.   875    8,436 
Iriso Electronics Company, Ltd.   700    37,534 
Iseki & Company, Ltd.   12,000    29,849 
Ishihara Sangyo Kaisha, Ltd. (I)   3,200    20,226 
Itochu Enex Company, Ltd.   3,800    29,254 
Itochu-Shokuhin Company, Ltd.   600    24,072 
Itoham Yonekyu Holdings, Inc. (I)   8,000    83,537 
IwaiCosmo Holdings, Inc.   900    7,859 
Iwatani Corp.   11,000    67,925 
J Trust Company, Ltd.   2,100    16,519 
J-Oil Mills, Inc.   900    32,021 
Jalux, Inc.   500    8,533 
Jamco Corp.   500    10,147 
Janome Sewing Machine Company, Ltd. (I)   1,200    6,752 
Japan Aviation Electronics Industry, Ltd.   4,000    62,766 
Japan Digital Laboratory Company, Ltd.   1,500    22,001 
Japan Display, Inc. (I)   9,500    14,882 
Japan Drilling Company, Ltd.   400    9,461 
Japan Pulp & Paper Company, Ltd.   6,000    19,547 
Japan Radio Company, Ltd.   600    8,561 
Japan Transcity Corp.   5,000    18,235 
Jastec Company, Ltd.   400    4,289 
JBCC Holdings, Inc.   1,900    12,410 
Jeol, Ltd.   6,000    24,202 
Jin Company, Ltd.   800    37,112 
JMS Company, Ltd.   1,000    2,677 
Joshin Denki Company, Ltd.   3,000    25,809 
JSP Corp.   800    18,163 
Juki Corp.   1,400    10,239 
JVC Kenwood Corp.   9,070    22,848 
K&O Energy Group, Inc.   1,500    21,571 
K’s Holdings Corp.   1,600    26,446 
kabu.com Securities Company, Ltd.   11,400    38,382 

 

The accompanying notes are an integral part of the financial statements.  
131

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Small Company Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Japan (continued)          
Kadokawa Dwango Corp.   3,636   $52,974 
Kaga Electronics Company, Ltd.   1,100    13,605 
Kameda Seika Company, Ltd.   700    39,086 
Kamei Corp.   2,000    17,449 
Kanamoto Company, Ltd.   1,900    48,826 
Kandenko Company, Ltd.   7,000    64,576 
Kanematsu Corp.   34,000    52,841 
Kanematsu Electronics, Ltd.   700    13,283 
Kanto Denka Kogyo Company, Ltd.   2,000    18,156 
Kappa Create Company, Ltd.   500    5,949 
Kasai Kogyo Company, Ltd.   1,000    10,446 
Katakura Industries Company, Ltd.   2,100    25,053 
Kato Sangyo Company, Ltd.   2,200    52,119 
Kato Works Company, Ltd.   400    8,385 
Kawai Musical Instruments          
Manufacturing Company, Ltd.   600    10,530 
Kawasaki Kisen Kaisha, Ltd. (L)   30,000    77,321 
Keihin Corp.   1,600    25,370 
Kenedix, Inc.   1,600    7,136 
Key Coffee, Inc.   800    14,969 
Kimoto Company, Ltd.   3,000    6,887 
Kintetsu World Express, Inc.   2,600    33,725 
Kissei Pharmaceutical Company, Ltd.   2,000    53,476 
Kitz Corp.   7,800    43,171 
KLab, Inc. (I)   2,100    13,122 
Koa Corp.   2,300    19,712 
Koatsu Gas Kogyo Company, Ltd.   3,000    20,090 
Kohnan Shoji Company, Ltd.   1,800    35,008 
Kohsoku Corp.   1,400    13,283 
Kojima Company, Ltd.   3,000    6,544 
Kokuyo Company, Ltd.   6,500    94,457 
Komatsu Seiren Company, Ltd.   2,000    12,765 
Komeri Company, Ltd.   700    17,034 
Komori Corp.   4,500    56,797 
Konishi Company, Ltd.   2,200    27,510 
Kumagai Gumi Company, Ltd.   3,000    7,746 
Kura Corp.   800    38,962 
Kurabo Industries, Ltd.   16,000    30,387 
Kureha Corp.   1,200    43,901 
Kurimoto, Ltd.   1,000    17,073 
Kuroda Electric Company, Ltd.   2,400    46,056 
Kusuri No Aoki Company, Ltd.   400    20,464 
KYB Corp.   2,000    8,946 
Kyodo Printing Company, Ltd.   8,000    26,271 
Kyoei Steel, Ltd.   1,100    20,875 
Kyokuto Kaihatsu Kogyo Company, Ltd.   900    10,396 
Kyokuto Securities Company, Ltd.   800    10,263 
Kyokuyo Company, Ltd.   700    19,010 
KYORIN Holdings, Inc.   3,100    70,326 
Kyoritsu Maintenance Company, Ltd.   780    48,832 
Kyosan Electric Manufacturing Company, Ltd.   2,000    7,595 
Kyowa Exeo Corp.   6,700    95,528 
Kyudenko Corp.   2,000    73,386 
Kyushu Financial Group, Inc.   7,220    49,193 
Lasertec Corp.   900    17,273 
LEC, Inc.   700    16,848 
Leopalace21 Corp.   12,500    82,609 
Life Corp.   1,200    38,249 
Lintec Corp.   1,600    32,040 
Macnica Fuji Electronics Holdings, Inc.   3,050    34,936 
Maeda Corp.   10,000    85,021 
Maeda Road Construction Company, Ltd.   4,000    71,513 
Maezawa Kasei Industries Company, Ltd.   1,100    10,795 

 

International Small Company Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Japan (continued)          
Maezawa Kyuso Industries Company, Ltd.   900   $12,000 
Makino Milling Machine Company, Ltd.   8,000    49,332 
Mandom Corp.   500    22,888 
Mani, Inc.   600    13,454 
Mars Engineering Corp.   700    13,949 
Marubun Corp.   200    1,158 
Marudai Food Company, Ltd.   8,000    39,003 
Maruha Nichiro Corp.   2,738    74,368 
Maruwa Company, Ltd.   600    22,676 
Marvelous, Inc.   1,400    10,930 
Matsuda Sangyo Company, Ltd.   1,400    19,210 
Matsuya Foods Company, Ltd.   700    21,784 
Max Company, Ltd.   2,000    24,112 
Megachips Corp.   800    16,420 
Megmilk Snow Brand Company, Ltd.   2,700    98,724 
Meidensha Corp.   9,000    29,684 
Meiko Network Japan Company, Ltd.   1,100    9,785 
Meitec Corp.   2,100    73,971 
Meito Sangyo Company, Ltd.   900    11,844 
Melco Holdings, Inc.   700    17,048 
Micronics Japan Company, Ltd.   1,200    16,103 
Milbon Company, Ltd.   556    27,294 
Mimasu Semiconductor Industry Company, Ltd.   1,400    16,610 
Ministop Company, Ltd.   1,100    18,996 
Mirait Holdings Corp.   5,440    46,354 
Misawa Homes Company, Ltd.   2,000    15,251 
Mitsuba Corp.   3,100    40,864 
Mitsubishi Paper Mills, Ltd. (I)   2,600    17,577 
Mitsubishi Pencil Company, Ltd.   1,000    49,671 
Mitsubishi Shokuhin Company, Ltd.   200    6,498 
Mitsubishi Steel Manufacturing Company, Ltd.   10,000    16,619 
Mitsuboshi Belting, Ltd.   4,000    33,989 
Mitsui Engineering &          
Shipbuilding Company, Ltd.   29,000    40,785 
Mitsui High-Tec, Inc.   2,200    15,132 
Mitsui Home Company, Ltd.   3,000    14,064 
Mitsui Matsushima Company, Ltd.   1,000    11,585 
Mitsui Mining & Smelting Company, Ltd.   36,000    75,372 
Mitsui Sugar Company, Ltd.   1,000    24,133 
Mitsui-Soko Holdings Company, Ltd.   3,000    9,543 
Mitsumi Electric Company, Ltd. (I)   2,200    12,379 
Mitsuuroko Group Holdings Company, Ltd.   3,200    18,274 
Miyazaki Bank, Ltd.   10,000    26,556 
Mizuno Corp.   7,000    37,497 
Mochida Pharmaceutical Company, Ltd.   400    31,371 
Modec, Inc.   900    16,069 
Monex Group, Inc.   12,300    28,937 
Morinaga & Company, Ltd.   2,800    135,012 
Morinaga Milk Industry Company, Ltd.   14,000    112,178 
Morita Holdings Corp.   3,000    42,591 
Musashi Seimitsu Industry Company, Ltd.   1,800    42,257 
Nachi-Fujikoshi Corp.   11,000    40,472 
Nagaileben Company, Ltd.   1,200    26,697 
Nagase & Company, Ltd.   2,100    25,267 
Nagatanien Holdings Company, Ltd.   2,000    25,942 
Nakamuraya Company, Ltd.   300    13,858 
Nakanishi, Inc.   300    10,908 
Nakayama Steel Works, Ltd. (I)   1,100    7,242 
Namura Shipbuilding Company, Ltd.   1,152    7,795 
NEC Capital Solutions, Ltd.   800    13,239 
NEC Networks & System Integration Corp.   2,100    35,771 
NET One Systems Company, Ltd.   6,400    44,608 
Neturen Company, Ltd.   2,300    17,612 

 

The accompanying notes are an integral part of the financial statements.  
132

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Small Company Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Japan (continued)          
Next Company, Ltd.   3,800   $31,324 
Nice Holdings, Inc.   6,000    8,398 
Nichi-iko Pharmaceutical Company, Ltd.   3,100    59,426 
Nichias Corp.   7,000    61,940 
Nichicon Corp.   4,600    36,611 
Nichiden Corp.   700    19,784 
Nichiha Corp.   1,600    35,696 
NichiiGakkan Company, Ltd.   3,200    24,981 
Nichireki Company, Ltd.   2,000    14,546 
Nihon Dempa Kogyo Company, Ltd.   1,800    14,461 
Nihon House Holdings Company, Ltd.   1,000    4,058 
Nihon Kagaku Sangyo Company, Ltd.   1,000    7,024 
Nihon Nohyaku Company, Ltd.   4,000    20,237 
Nihon Parkerizing Company, Ltd.   6,800    99,234 
Nihon Unisys, Ltd.   500    6,428 
Nikkiso Company, Ltd.   5,100    45,762 
Nikkon Holdings Company, Ltd.   4,800    104,507 
Nippo Corp.   1,000    19,016 
Nippon Beet Sugar          
Manufacturing Company, Ltd.   1,500    29,314 
Nippon Carbon Company, Ltd.   6,000    10,310 
Nippon Ceramic Company, Ltd.   1,400    26,134 
Nippon Chemi-Con Corp.   11,000    17,996 
Nippon Chemical Industrial Company, Ltd.   7,000    16,519 
Nippon Coke & Engineering Company, Ltd.   18,000    14,692 
Nippon Denko Company, Ltd.   6,530    11,036 
Nippon Densetsu Kogyo Company, Ltd.   2,800    52,663 
Nippon Fine Chemical Company, Ltd.   800    6,286 
Nippon Flour Mills Company, Ltd.   4,500    69,173 
Nippon Gas Company, Ltd.   2,000    62,433 
Nippon Hume Corp.   2,000    12,323 
Nippon Kanzai Company, Ltd.   700    10,393 
Nippon Kayaku Company, Ltd.   6,000    64,628 
Nippon Koei Company, Ltd.   5,000    23,074 
Nippon Koshuha Steel Company, Ltd.   8,000    5,640 
Nippon Light Metal Holdings Company, Ltd.   43,000    92,781 
Nippon Paper Industries Company, Ltd.   2,100    38,420 
Nippon Seiki Company, Ltd.   4,000    76,244 
Nippon Sharyo, Ltd. (I)   6,000    15,819 
Nippon Sheet Glass Company, Ltd. (I)   1,100    8,784 
Nippon Soda Company, Ltd.   10,000    42,767 
Nippon Steel & Sumikin Bussan Corp.   972    34,458 
Nippon Suisan Kaisha, Ltd.   15,600    67,099 
Nippon Thompson Company, Ltd.   6,000    22,258 
Nippon Valqua Industries, Ltd.   1,600    21,806 
Nippon Yakin Kogyo Company, Ltd.   10,000    14,571 
Nipro Corp.   7,000    89,026 
Nishi-Nippon Railroad Company, Ltd.   14,000    67,274 
Nishimatsu Construction Company, Ltd.   23,000    107,125 
Nishimatsuya Chain Company, Ltd.   1,100    16,720 
Nishio Rent All Company, Ltd.   800    23,549 
Nissan Shatai Company, Ltd.   3,400    31,360 
Nissei ASB Machine Company, Ltd.   500    8,621 
Nissei Build Kogyo Company, Ltd.   4,000    19,232 
Nissha Printing Company, Ltd.   600    14,828 
Nisshin Fudosan Company, Ltd.   5,800    19,569 
Nisshin Oillio Group, Ltd.   13,000    60,456 
Nisshin Steel Company, Ltd.   2,360    31,980 
Nisshinbo Holdings, Inc.   4,000    39,682 
Nissin Corp.   4,000    12,604 
Nissin Electric Company, Ltd.   3,400    56,678 
Nissin Kogyo Company, Ltd.   2,100    31,984 
Nitta Corp.   1,300    32,605 

 

International Small Company Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Japan (continued)          
Nittan Valve Company, Ltd.   1,200   $4,305 
Nittetsu Mining Company, Ltd.   600    23,324 
Nitto Boseki Company, Ltd.   13,000    42,726 
Nitto Kogyo Corp.   2,400    31,505 
Nitto Kohki Company, Ltd.   1,000    23,459 
NOF Corp.   11,000    111,989 
Nohmi Bosai, Ltd.   1,300    19,349 
Nomura Company, Ltd.   2,400    37,383 
Noritake Company, Ltd.   700    16,213 
Noritsu Koki Company, Ltd.   1,900    13,160 
Noritz Corp.   1,000    20,640 
North Pacific Bank, Ltd.   5,300    18,799 
NS Solutions Corp.   2,000    34,951 
NS United Kaiun Kaisha, Ltd.   8,000    11,071 
NTN Corp.   10,000    34,955 
Obara Group, Inc.   1,000    39,386 
Oenon Holdings, Inc.   6,000    13,778 
Ohsho Food Service Corp.   700    27,494 
Oiles Corp.   1,380    23,477 
Okabe Company, Ltd.   3,900    31,843 
Okamoto Industries, Inc.   3,000    37,648 
Okamura Corp.   5,800    56,204 
Okasan Securities Group, Inc.   1,000    5,145 
Oki Electric Industry Company, Ltd.   1,400    18,854 
Okinawa Cellular Telephone Company   400    12,092 
OKUMA Corp.   6,000    46,016 
Okumura Corp.   12,000    68,290 
Okura Industrial Company, Ltd.   4,000    14,766 
Okuwa Company, Ltd.   3,000    28,092 
Onoken Company, Ltd.   1,500    18,594 
Onward Holdings Company, Ltd.   2,000    14,414 
Open House Company, Ltd.   800    17,170 
Optex Company, Ltd.   400    9,512 
Organo Corp.   3,000    12,285 
Origin Electric Company, Ltd.   3,000    7,734 
Osaka Soda Company, Ltd.   4,000    16,369 
Osaka Steel Company, Ltd.   1,400    25,379 
OSAKA Titanium          
Technologies Company, Ltd. (I)   600    8,391 
Osaki Electric Company, Ltd.   3,000    30,241 
OSG Corp.   2,600    51,839 
Outsourcing, Inc.   1,000    43,510 
Oyo Corp.   1,300    14,740 
Pacific Industrial Company, Ltd.   3,400    39,014 
Pacific Metals Company, Ltd. (I)   9,000    26,859 
PAL GROUP Holdings Company, Ltd.   700    16,256 
PanaHome Corp.   7,000    55,734 
Paramount Bed Holdings Company, Ltd.   800    30,244 
Parco Company, Ltd.   800    7,514 
Paris Miki Holdings, Inc.   1,100    4,793 
PC Depot Corp.   960    4,803 
Penta-Ocean Construction Company, Ltd.   14,500    82,710 
Pilot Corp.   2,300    96,001 
Piolax, Inc.   700    43,647 
Pioneer Corp. (I)   18,800    40,906 
Plenus Company, Ltd.   1,300    23,771 
Press Kogyo Company, Ltd.   7,000    29,848 
Prima Meat Packers, Ltd.   10,000    36,135 
Pronexus, Inc.   600    6,797 
Proto Corp.   200    2,318 
Raito Kogyo Company, Ltd.   3,100    37,340 
Relo Group, Inc.   200    33,242 
Rengo Company, Ltd.   16,000    98,248 

 

The accompanying notes are an integral part of the financial statements.  
133

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Small Company Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Japan (continued)          
Ricoh Leasing Company, Ltd.   1,600   $44,293 
Riken Corp.   900    31,046 
Riken Keiki Company, Ltd.   1,300    15,495 
Riken Technos Corp.   3,000    14,582 
Riken Vitamin Company, Ltd.   700    33,083 
Ringer Hut Company, Ltd.   600    13,928 
Riso Kagaku Corp.   800    13,111 
Rock Field Company, Ltd.   1,000    14,926 
Rohto Pharmaceutical Company, Ltd.   2,500    43,136 
Roland DG Corp.   100    2,245 
Round One Corp.   3,800    25,773 
Royal Holdings Company, Ltd.   900    15,622 
Ryobi, Ltd.   10,000    44,476 
Ryoden Corp.   3,000    18,792 
Ryosan Company, Ltd.   2,600    79,054 
Ryoyo Electro Corp.   1,600    19,579 
S Foods, Inc.   500    13,097 
Sac’s Bar Holdings, Inc.   600    6,457 
Saibu Gas Company, Ltd.   19,000    46,824 
Saizeriya Company, Ltd.   2,100    47,794 
Sakai Chemical Industry Company, Ltd.   9,000    29,222 
Sakata INX Corp.   3,100    37,630 
Sakata Seed Corp.   2,300    58,328 
Sala Corp.   1,500    9,164 
San-A Company, Ltd.   900    45,109 
San-Ai Oil Company, Ltd.   5,000    34,100 
Sanden Holdings Corp.   3,000    8,975 
Sangetsu Company, Ltd.   3,900    75,664 
Sanken Electric Company, Ltd. (I)   10,000    32,297 
Sanki Engineering Company, Ltd.   4,000    35,726 
Sankyo Seiko Company, Ltd.   3,200    10,165 
Sankyo Tateyama, Inc.   1,500    24,385 
Sankyu, Inc.   13,000    74,656 
Sanrio Company, Ltd.   1,200    22,015 
Sanshin Electronics Company, Ltd.   2,600    22,504 
Sanwa Holdings Corp.   4,900    47,437 
Sanyo Chemical Industries, Ltd.   1,200    51,236 
Sanyo Denki Company, Ltd.   3,000    16,501 
Sanyo Electric Railway Company, Ltd.   2,000    10,283 
Sanyo Shokai, Ltd.   7,000    11,595 
Sanyo Special Steel Company, Ltd.   10,000    56,130 
Sapporo Holdings, Ltd.   3,600    99,798 
Sato Holdings Corp.   1,700    37,239 
Sato Restaurant Systems Company, Ltd.   500    4,004 
Seikitokyu Kogyo Company, Ltd.   1,600    8,119 
Seiko Holdings Corp.   7,000    22,089 
Seino Holdings Company, Ltd.   1,700    17,878 
Seiren Company, Ltd.   3,700    44,146 
Sekisui Jushi Corp.   2,200    35,656 
Sekisui Plastics Company, Ltd.   2,500    18,015 
Senko Company, Ltd.   9,000    62,706 
Senshu Ikeda Holdings, Inc.   5,400    23,776 
Senshukai Company, Ltd.   3,300    22,966 
Septeni Holdings Company, Ltd.   6,500    29,040 
Seria Company, Ltd.   1,000    80,397 
Shibusawa Warehouse Company, Ltd.   5,000    14,224 
Shibuya Corp.   800    15,090 
Shikibo, Ltd.   11,000    12,413 
Shikoku Chemicals Corp.   3,000    27,311 
Shima Seiki Manufacturing, Ltd.   2,300    62,819 
Shimachu Company, Ltd.   3,800    94,669 
Shin-Etsu Polymer Company, Ltd.   3,000    20,134 
Shinagawa Refractories Company, Ltd.   6,000    11,311 

 

International Small Company Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Japan (continued)          
Shindengen Electric          
Manufacturing Company, Ltd.   5,000   $19,764 
Shinkawa, Ltd. (I)   1,500    10,488 
Shinko Electric Industries Company, Ltd.   5,100    28,863 
Shinko Plantech Company, Ltd.   3,300    23,573 
Shinko Shoji Company, Ltd.   2,700    28,862 
Shinmaywa Industries, Ltd.   6,000    39,757 
Ship Healthcare Holdings, Inc.   2,600    79,906 
Shizuoka Gas Company, Ltd.   4,500    35,564 
Shochiku Company, Ltd.   1,000    12,170 
Showa Corp.   3,500    18,442 
Showa Denko KK   3,700    46,607 
Showa Sangyo Company, Ltd.   7,000    36,638 
Siix Corp.   800    32,436 
Sinanen Holdings Company, Ltd.   800    16,438 
Sinko Industries, Ltd.   200    2,558 
Sintokogio, Ltd.   3,400    31,344 
SKY Perfect JSAT Holdings, Inc.   10,300    50,636 
SMK Corp.   3,000    9,972 
SMS Company, Ltd.   1,600    42,798 
Sodick Company, Ltd.   2,400    17,883 
Sogo Medical Company, Ltd.   600    19,581 
ST Corp.   1,100    13,034 
St. Marc Holdings Company, Ltd.   800    21,930 
Star Micronics Company, Ltd.   2,600    32,536 
Starzen Company, Ltd.   600    30,572 
Stella Chemifa Corp.   800    30,727 
Sumco Corp.   6,800    55,952 
Suminoe Textile Company, Ltd.   5,000    11,565 
Sumitomo Bakelite Company, Ltd.   10,000    52,306 
Sumitomo Densetsu Company, Ltd.   1,300    13,575 
Sumitomo Mitsui Construction Company, Ltd.   30,000    28,271 
Sumitomo Osaka Cement Company, Ltd.   16,000    74,275 
Sumitomo Real Estate Sales Company, Ltd.   200    4,084 
Sumitomo Riko Company, Ltd.   2,400    22,582 
Sumitomo Seika Chemicals Company, Ltd.   800    28,353 
Sumitomo Warehouse Company, Ltd.   10,048    53,526 
SWCC Showa Holdings Company, Ltd. (I)   24,000    16,714 
Systena Corp.   100    1,917 
T Hasegawa Company, Ltd.   1,600    29,578 
T-Gaia Corp.   300    4,293 
Tabuchi Electric Company, Ltd.   2,000    6,711 
Tachi-S Company, Ltd.   1,900    30,852 
Tachibana Eletech Company, Ltd.   360    3,612 
Tadano, Ltd.   4,300    42,324 
Taihei Dengyo Kaisha, Ltd.   3,000    30,126 
Taiho Kogyo Company, Ltd.   2,000    22,060 
Taikisha, Ltd.   2,100    52,005 
Taisei Lamick Company, Ltd.   500    14,131 
Taiyo Holdings Company, Ltd.   1,300    44,785 
Taiyo Yuden Company, Ltd.   7,400    73,183 
Takamatsu Construction Group Company, Ltd.   1,000    23,162 
Takaoka Toko Company, Ltd.   700    14,791 
Takara Holdings, Inc.   1,900    17,792 
Takara Leben Company, Ltd.   6,300    42,612 
Takara Standard Company, Ltd.   3,500    64,986 
Takasago International Corp.   1,200    32,232 
Takasago Thermal Engineering Company, Ltd.   3,100    46,099 
Takata Corp. (I)(L)   1,600    5,649 
Take and Give Needs Company, Ltd.   200    917 
Takeei Corp.   700    5,715 
Takeuchi Manufacturing Company, Ltd.   3,200    54,053 
Takihyo Company, Ltd.   3,000    12,653 

 

The accompanying notes are an integral part of the financial statements.  
134

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Small Company Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Japan (continued)          
Takiron Company, Ltd.   3,000   $13,661 
Takuma Company, Ltd.   6,000    56,664 
Tamron Company, Ltd.   1,500    24,298 
Tamura Corp.   7,000    26,678 
Tatsuta Electric Wire & Cable Company, Ltd.   4,200    14,822 
Teikoku Sen-I Company, Ltd.   2,000    31,299 
Tenma Corp.   1,000    15,974 
The 77 Bank, Ltd.   12,000    49,121 
The Aichi Bank, Ltd.   600    29,213 
The Akita Bank, Ltd.   11,000    32,661 
The Aomori Bank, Ltd.   15,000    47,650 
The Awa Bank, Ltd.   11,000    67,779 
The Bank of Iwate, Ltd.   1,100    42,735 
The Bank of Nagoya, Ltd.   1,100    38,321 
The Bank of Okinawa, Ltd.   1,640    48,906 
The Bank of Saga, Ltd.   10,000    24,622 
The Chiba Kogyo Bank, Ltd.   3,200    12,811 
The Chugoku Bank, Ltd.   200    2,440 
The Chukyo Bank, Ltd.   900    20,372 
The Daisan Bank, Ltd.   1,700    27,948 
The Daishi Bank, Ltd.   22,000    84,564 
The Ehime Bank, Ltd. (L)   2,600    32,736 
The Eighteenth Bank, Ltd.   10,000    29,664 
The Fukui Bank, Ltd.   18,000    45,812 
The Fukushima Bank, Ltd.   21,000    18,716 
The Gunma Bank, Ltd.   11,000    49,971 
The Hokkoku Bank, Ltd.   21,000    63,466 
The Hokuetsu Bank, Ltd.   2,100    44,463 
The Hyakugo Bank, Ltd.   20,000    72,418 
The Hyakujushi Bank, Ltd.   21,000    64,112 
The Japan Steel Works, Ltd.   1,800    40,883 
The Japan Wool Textile Company, Ltd.   4,000    28,429 
The Juroku Bank, Ltd.   9,000    25,705 
The Keiyo Bank, Ltd.   10,000    42,475 
The Kinki Sharyo Company, Ltd.   300    6,885 
The Kita-Nippon Bank, Ltd.   700    18,828 
The Kiyo Bank, Ltd.   5,300    83,154 
The Michinoku Bank, Ltd.   14,000    27,572 
The Minato Bank, Ltd.   1,600    25,598 
The Musashino Bank, Ltd.   3,100    78,430 
The Nagano Bank, Ltd.   800    15,197 
The Nanto Bank, Ltd.   1,000    35,385 
The Nippon Road Company, Ltd.   5,000    20,113 
The Nippon Signal Company, Ltd.   2,700    22,772 
The Nishi-Nippon City Bank, Ltd.   23,000    49,218 
The Ogaki Kyoritsu Bank, Ltd.   22,000    73,346 
The Oita Bank, Ltd.   12,000    43,668 
The Okinawa Electric Power Company, Inc.   2,325    52,427 
The Pack Corp.   800    21,510 
The San-In Godo Bank, Ltd.   8,000    54,664 
The Shiga Bank, Ltd.   7,000    34,111 
The Shikoku Bank, Ltd.   15,000    32,044 
The Shimizu Bank, Ltd.   900    24,051 
The Tochigi Bank, Ltd.   8,000    32,487 
The Toho Bank, Ltd.   15,000    52,796 
The Tohoku Bank, Ltd.   4,000    5,662 
The Torigoe Company, Ltd.   2,300    16,851 
The Tottori Bank, Ltd.   400    6,486 
The Towa Bank, Ltd.   21,000    18,545 
The Yamagata Bank, Ltd.   10,000    42,248 
The Yamanashi Chuo Bank, Ltd.   10,000    43,149 
The Yasuda Warehouse Company, Ltd.   1,400    8,421 
Tigers Polymer Corp.   1,000    6,961 

 

International Small Company Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Japan (continued)          
TIS, Inc.   5,400   $140,174 
TKC Corp.   1,100    34,284 
Toa Corp.   1,400    12,666 
Toa Corp. (Tokyo Stock Exchange)   1,200    22,297 
Toagosei Company, Ltd.   9,000    97,820 
Tobishima Corp.   7,200    12,341 
TOC Company, Ltd.   2,000    16,704 
Tocalo Company, Ltd.   1,300    28,450 
Toda Corp.   17,000    89,636 
Toda Kogyo Corp.   3,000    8,617 
Toei Company, Ltd.   5,000    40,531 
Toenec Corp.   3,000    14,725 
Toho Company, Ltd.   600    13,793 
Toho Holdings Company, Ltd.   3,200    67,902 
Toho Zinc Company, Ltd.   10,000    32,511 
Tokai Carbon Company, Ltd.   13,000    35,365 
Tokai Holdings Corp.   4,000    25,634 
Tokai Tokyo Financial Holdings, Inc.   4,200    20,365 
Token Corp.   610    45,451 
Tokushu Tokai Paper Company, Ltd.   1,000    35,643 
Tokuyama Corp. (I)   23,000    96,401 
Tokyo Dome Corp.   5,500    51,481 
Tokyo Energy & Systems, Inc.   2,000    20,935 
Tokyo Keiki, Inc.   5,000    8,247 
Tokyo Ohka Kogyo Company, Ltd.   3,200    97,596 
Tokyo Rakutenchi Company, Ltd.   2,000    9,564 
Tokyo Rope Manufacturing Company, Ltd.   700    11,746 
Tokyo Seimitsu Company, Ltd.   2,600    69,413 
Tokyo Steel Manufacturing Company, Ltd.   2,600    17,563 
Tokyo Tekko Company, Ltd.   4,000    15,937 
Tokyo Theatres Company, Inc.   9,000    10,411 
Tokyo TY Financial Group, Inc.   1,936    54,106 
Tomato Bank, Ltd.   1,100    16,028 
Tomen Devices Corp.   200    3,688 
Tomoe Corp.   2,200    7,235 
Tomoe Engineering Company, Ltd.   800    12,287 
Tomoku Company, Ltd.   6,000    16,872 
TOMONY Holdings, Inc.   10,600    49,375 
Tomy Company, Ltd.   4,500    47,447 
Tonami Holdings Company, Ltd.   6,000    15,944 
Topcon Corp.   2,800    39,999 
Toppan Forms Company, Ltd.   3,400    35,729 
Topre Corp.   2,300    48,386 
Topy Industries, Ltd.   1,800    37,199 
Toridoll Corp.   1,400    32,222 
Torii Pharmaceutical Company, Ltd.   1,100    23,781 
Torishima Pump Manufacturing Company, Ltd.   900    9,406 
Tosei Corp.   1,300    9,782 
Toshiba Machine Company, Ltd.   8,000    27,475 
Toshiba Plant Systems & Services Corp.   2,000    32,325 
Toshiba TEC Corp.   1,000    4,045 
Tosho Printing Company, Ltd.   3,000    13,636 
Totetsu Kogyo Company, Ltd.   1,800    51,733 
Towa Corp.   2,200    27,955 
Towa Pharmaceutical Company, Ltd.   700    28,463 
Toyo Corp.   2,300    23,174 
Toyo Denki Seizo KK   3,000    9,519 
Toyo Engineering Corp.   11,000    35,639 
Toyo Ink SC Holdings Company, Ltd.   15,000    67,288 
Toyo Kanetsu KK   4,000    8,418 
Toyo Kohan Company, Ltd.   4,000    11,234 
Toyo Securities Company, Ltd.   6,000    10,763 
Toyo Tanso Company, Ltd.   1,000    13,002 

 

The accompanying notes are an integral part of the financial statements.  
135

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Small Company Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Japan (continued)          
Toyo Tire & Rubber Company, Ltd.   2,900   $40,788 
Toyo Wharf & Warehouse Company, Ltd.   6,000    9,651 
Toyobo Company, Ltd.   32,936    55,309 
TPR Company, Ltd.   1,400    39,384 
Trancom Company, Ltd.   300    18,847 
Transcosmos, Inc.   900    23,828 
Trusco Nakayama Corp.   1,500    79,975 
TS Tech Company, Ltd.   2,600    65,841 
TSI Holdings Company, Ltd.   7,070    41,120 
Tsubakimoto Chain Company, Ltd.   8,000    61,995 
Tsugami Corp.   6,000    31,418 
Tsukishima Kikai Company, Ltd.   2,000    22,192 
Tsukuba Bank, Ltd.   5,700    16,389 
Tsukui Corp.   1,200    8,563 
Tsumura & Company   3,800    108,178 
Tsurumi Manufacturing Company, Ltd.   1,000    15,580 
Tsutsumi Jewelry Company, Ltd.   700    11,637 
U-Shin, Ltd.   2,300    16,466 
UACJ Corp.   19,034    57,256 
Ube Industries, Ltd.   38,000    72,675 
Uchida Yoko Company, Ltd.   4,000    16,458 
Ulvac, Inc.   2,900    86,670 
Uniden Holdings Corp.   9,000    13,669 
Union Tool Company, Ltd.   700    18,626 
Unipres Corp.   2,600    45,906 
United Arrows, Ltd.   1,200    29,239 
United Super Markets Holdings, Inc.   4,200    41,466 
Universal Entertainment Corp. (I)   600    17,833 
Unizo Holdings Company, Ltd.   300    8,367 
Usen Corp.   7,000    21,463 
Ushio, Inc.   2,300    26,499 
Valor Holdings Company, Ltd.   3,100    87,435 
Vital KSK Holdings, Inc.   2,400    25,431 
VT Holdings Company, Ltd.   3,300    17,562 
Wacoal Holdings Corp.   5,000    56,439 
Wacom Company, Ltd.   9,300    28,158 
Wakachiku Construction Company, Ltd.   9,000    12,890 
Wakita & Company, Ltd.   2,000    15,198 
Warabeya Nichiyo Company, Ltd.   900    18,867 
West Holdings Corp.   1,300    9,201 
Xebio Holdings Company, Ltd.   1,500    22,467 
Yahagi Construction Company, Ltd.   2,000    18,102 
Yaizu Suisankagaku Industry Company, Ltd.   1,100    11,054 
YAMABIKO Corp.   2,400    21,669 
Yamato Kogyo Company, Ltd.   1,000    29,597 
Yamazen Corp.   3,900    29,841 
Yaoko Company, Ltd.   600    23,734 
Yellow Hat, Ltd.   1,000    20,552 
Yodogawa Steel Works, Ltd.   2,000    53,706 
Yokogawa Bridge Holdings Corp.   3,000    33,530 
Yokohama Reito Company, Ltd.   2,900    30,820 
Yokowo Company, Ltd.   2,000    12,611 
Yomeishu Seizo Company, Ltd.   500    8,914 
Yomiuri Land Company, Ltd.   2,000    9,478 
Yondenko Corp.   3,000    11,716 
Yorozu Corp.   800    11,751 
Yoshinoya Holdings Company, Ltd.   2,100    30,128 
Yuasa Trading Company, Ltd.   1,100    25,272 
Yuki Gosei Kogyo Company, Ltd.   2,000    4,321 
Yumeshin Holdings Company, Ltd.   2,200    16,884 
Yurtec Corp.   4,000    22,109 
Yusen Logistics Company, Ltd.   1,200    11,635 
Yushiro Chemical Industry Company, Ltd.   1,100    15,605 

 

International Small Company Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Japan (continued)          
Zenrin Company, Ltd.   1,300   $23,101 
Zensho Holdings Company, Ltd.   4,900    87,654 
ZERIA Pharmaceutical Company, Ltd.   2,200    37,325 
Zojirushi Corp.   2,000    32,684 
         25,789,382 
Jersey, Channel Islands - 0.2%          
Centamin PLC   88,755    170,477 
Phoenix Group Holdings   7,874    89,642 
         260,119 
Liechtenstein - 0.0%          
Liechtensteinische Landesbank AG   1,072    43,022 
VP Bank AG   77    8,147 
         51,169 
Luxembourg - 0.5%          
APERAM SA   3,189    143,777 
B&M European Value Retail SA   3,254    10,750 
Eurofins Scientific SE   651    295,736 
L’Occitane International SA   6,250    12,467 
Regus PLC   38,584    130,472 
         593,202 
Macau - 0.0%          
Macau Legend Development, Ltd. (I)   61,000    12,824 
Malta - 0.1%          
Unibet Group PLC   10,896    101,265 
Monaco - 0.1%          
Endeavour Mining Corp. (I)   3,183    61,819 
Mongolia - 0.0%          
Mongolian Mining Corp. (I)   346,000    14,139 
Netherlands - 1.8%          
Aalberts Industries NV   5,614    191,212 
Accell Group   1,798    45,686 
AMG Advanced Metallurgical Group NV   3,085    64,522 
Amsterdam Commodities NV   1,174    29,219 
Arcadis NV   5,300    76,176 
ASM International NV   3,323    135,836 
Atrium European Real Estate, Ltd. (I)   4,898    21,857 
BE Semiconductor Industries NV   1,355    46,227 
Beter Bed Holding NV   1,056    23,620 
BinckBank NV   4,478    25,529 
Boskalis Westminster NV   1,295    46,090 
Brunel International NV   1,126    19,687 
Corbion NV   3,428    92,275 
Delta Lloyd NV   23,058    105,758 
Euronext NV (S)   1,444    61,614 
Fugro NV (I)   3,767    60,947 
Gemalto NV   340    21,784 
Heijmans NV (I)   2,023    18,343 
IMCD Group NV   348    15,282 
Innoconcepts NV (I)   10,527    0 
KAS Bank NV   330    2,968 
Kendrion NV   654    19,969 
Koninklijke BAM Groep NV   20,830    96,557 
Koninklijke Vopak NV   1,703    89,318 
Ordina NV (I)   5,537    12,468 
PostNL NV (I)   28,141    127,676 
QIAGEN NV (I)   5,338    147,187 
SBM Offshore NV   9,898    140,555 
Sligro Food Group NV   1,765    65,457 
Telegraaf Media Groep NV   3,529    13,746 

 

The accompanying notes are an integral part of the financial statements.  
136

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Small Company Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Netherlands (continued)          
TKH Group NV   2,191   $85,537 
TomTom NV (I)   8,528    81,590 
Wessanen   5,830    74,819 
         2,059,511 
New Zealand - 1.3%          
a2 Milk Company, Ltd. (I)   30,789    41,163 
Air New Zealand, Ltd.   49,117    66,626 
Chorus, Ltd.   17,681    50,367 
Contact Energy, Ltd.   28,667    105,218 
EBOS Group, Ltd.   3,359    46,150 
Fisher & Paykel Healthcare Corp., Ltd.   31,682    231,277 
Freightways, Ltd.   9,567    45,802 
Genesis Energy, Ltd.   9,914    15,093 
Infratil, Ltd.   44,336    104,654 
Kathmandu Holdings, Ltd.   4,554    6,737 
Mainfreight, Ltd.   5,720    73,991 
Mercury NZ, Ltd.   2,436    5,402 
Metlifecare, Ltd.   10,897    49,629 
New Zealand Oil & Gas, Ltd.   38,161    15,592 
NZME, Ltd. (I)   13,259    6,899 
PGG Wrightson, Ltd.   8,197    3,169 
Pike River Coal, Ltd. (I)   21,968    0 
Port of Tauranga, Ltd.   5,763    82,307 
Ryman Healthcare, Ltd.   7,969    55,939 
SKY Network Television, Ltd.   18,776    67,355 
SKYCITY Entertainment Group, Ltd.   46,829    156,376 
Summerset Group Holdings, Ltd.   4,999    19,324 
The New Zealand Refining Company, Ltd.   17,531    31,303 
The Warehouse Group, Ltd.   9,894    21,130 
Tower, Ltd.   12,717    8,574 
Trade Me Group, Ltd.   14,357    58,838 
Vector, Ltd.   7,803    18,763 
Xero, Ltd. (I)   1,310    18,498 
Z Energy, Ltd.   5,674    34,740 
         1,440,916 
Norway - 0.8%          
ABG Sundal Collier Holding ASA   13,972    8,900 
Aker ASA, A Shares   2,324    80,113 
American Shipping Company ASA (I)   1,661    5,264 
Atea ASA (I)   6,611    67,075 
Austevoll Seafood ASA   7,284    61,395 
Bonheur ASA   1,672    10,096 
Borregaard ASA   4,320    38,835 
BW Offshore, Ltd. (I)   415,388    17,771 
Det Norske Oljeselskap ASA (I)   1,725    27,518 
DNO ASA (I)   54,092    55,207 
Ekornes ASA   207    2,659 
Hexagon Composites ASA (I)   3,589    12,900 
Hoegh LNG Holdings, Ltd.   2,568    27,589 
Kongsberg Automotive ASA (I)   29,400    24,103 
Kvaerner ASA   11,623    14,129 
Nordic Semiconductor ASA (I)(L)   7,334    35,882 
Norwegian Air Shuttle ASA (I)   1,910    70,100 
Opera Software ASA (I)   6,623    46,014 
Petroleum Geo-Services ASA (I)   2,636    5,822 
Protector Forsikring ASA   1,247    11,872 
Sevan Marine ASA (I)   2,068    4,800 
Solstad Offshore ASA (I)   2,340    4,544 
SpareBank 1 SMN   3,890    27,164 
Tomra Systems ASA   7,820    90,889 
TREASURE ASA (I)   3,110    6,883 
Vard Holdings, Ltd. (I)   26,000    2,956 

 

International Small Company Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Norway (continued)          
Veidekke ASA   6,400   $98,568 
Wilh Wilhelmsen ASA   3,110    9,349 
Wilh Wilhelmsen Holding ASA, Class A   1,300    27,528 
         895,925 
Peru - 0.1%          
Hochschild Mining PLC   16,530    62,122 
Portugal - 0.3%          
Altri SGPS SA   6,126    21,409 
Banco BPI SA (I)   23,984    30,431 
Banco Comercial Portugues SA (I)(L)   596,434    10,311 
CTT-Correios de Portugal SA   2,634    17,732 
Mota-Engil SGPS SA   5,366    10,292 
NOS SGPS SA   17,437    118,654 
REN - Redes Energeticas Nacionais SGPS SA   12,164    35,555 
Sonae SGPS SA   50,046    38,209 
Teixeira Duarte SA   21,736    4,875 
The Navigator Company SA   19,735    56,744 
         344,212 
Russia - 0.0%          
Evraz PLC (I)   13,121    27,389 
Singapore - 0.9%          
Banyan Tree Holdings, Ltd. (I)   54,000    16,035 
Boustead Projects, Ltd. (I)   3,000    1,536 
Boustead Singapore, Ltd.   10,000    5,940 
Bukit Sembawang Estates, Ltd.   16,000    52,421 
Cape PLC   836    2,260 
China Aviation Oil Singapore Corp., Ltd.   14,400    14,175 
Chip Eng Seng Corp., Ltd.   33,000    15,389 
COSCO Corp. Singapore, Ltd. (I)   80,000    15,632 
Creative Technology, Ltd. (I)   6,650    4,694 
CSE Global, Ltd.   34,000    10,382 
CWT, Ltd.   10,200    14,970 
Delfi, Ltd.   21,900    33,576 
Ezion Holdings, Ltd. (I)   131,300    26,715 
Far East Orchard, Ltd.   5,000    5,626 
First Resources, Ltd.   19,300    25,975 
Gallant Venture, Ltd. (I)   71,000    6,508 
GL, Ltd.   51,700    29,616 
GMG Global, Ltd. (I)   4,600    1,670 
Golden Agri-Resources, Ltd.   65,500    17,126 
Ho Bee Land, Ltd.   18,000    28,569 
Hong Fok Corp., Ltd.   52,800    26,032 
Hong Leong Asia, Ltd.   13,000    6,780 
Hyflux, Ltd.   24,000    8,388 
Indofood Agri Resources, Ltd.   25,000    8,272 
Keppel Infrastructure Trust   83,600    30,986 
M1, Ltd.   16,900    29,806 
Metro Holdings, Ltd.   31,600    21,358 
Midas Holdings, Ltd. (I)   86,000    14,533 
Olam International, Ltd.   8,200    12,404 
OUE, Ltd.   3,100    3,972 
Raffles Medical Group, Ltd.   13,200    14,829 
Rotary Engineering, Ltd.   22,000    6,150 
SATS, Ltd.   25,300    92,481 
SBS Transit, Ltd.   5,000    8,513 
Sembcorp Industries, Ltd.   6,600    12,631 
Sembcorp Marine, Ltd.   47,000    45,316 
SIA Engineering Company, Ltd.   3,400    9,257 
Sinarmas Land, Ltd.   94,200    33,899 
Singapore Post, Ltd.   29,900    32,087 
SMRT Corp., Ltd.   36,300    44,792 

 

The accompanying notes are an integral part of the financial statements.  
137

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Small Company Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Singapore (continued)          
Stamford Land Corp., Ltd.   59,000   $20,138 
Super Group, Ltd.   27,000    15,785 
Swiber Holdings, Ltd. (I)   15,000    1,199 
Tat Hong Holdings, Ltd. (I)   31,000    10,940 
United Engineers, Ltd.   38,000    68,976 
United Industrial Corp., Ltd.   7,100    14,171 
UOB-Kay Hian Holdings, Ltd.   33,503    32,210 
UOL Group, Ltd.   3,800    15,707 
Venture Corp., Ltd.   9,500    62,890 
Wing Tai Holdings, Ltd.   21,205    26,317 
XP Power, Ltd.   482    10,328 
Yeo Hiap Seng, Ltd.   1,104    1,053 
Yongnam Holdings, Ltd. (I)   32,625    4,794 
         1,075,809 
South Africa - 0.1%          
Petra Diamonds, Ltd.   40,508    67,989 
Spain - 2.3%          
Acciona SA   1,589    120,102 
Acerinox SA   9,149    121,022 
Adveo Group International SA   702    2,627 
Almirall SA   5,019    77,191 
Applus Services SA   4,324    43,940 
Atresmedia Corp de Medios          
de Comunicacion SA   3,644    39,966 
Bolsas y Mercados Espanoles SHMSF SA (L)   5,350    159,024 
Caja de Ahorros del Mediterraneo (I)   5,428    0 
Cie Automotive SA   3,433    67,591 
Construcciones y Auxiliar de Ferrocarriles SA   117    47,019 
Distribuidora Internacional de Alimentacion SA   26,359    163,228 
Duro Felguera SA (I)   5,568    7,446 
Ebro Foods SA   6,186    143,889 
Elecnor SA   2,026    18,764 
Ence Energia y Celulosa SA   9,506    20,725 
Faes Farma SA   19,708    76,039 
Fluidra SA   3,227    16,095 
Gamesa Corporacion Tecnologica SA   12,762    305,777 
Grupo Catalana Occidente SA   2,531    75,233 
Indra Sistemas SA (I)   7,450    99,897 
Inmobiliaria Colonial SA   8,505    61,861 
Laboratorios Farmaceuticos Rovi SA   1,750    25,445 
Liberbank SA (I)   6,474    5,444 
Mediaset Espana Comunicacion SA   7,779    92,214 
Melia Hotels International SA   5,357    66,801 
NH Hotel Group SA (I)   13,441    61,330 
Nmas1 Dinamia SA (I)   1,181    10,795 
Obrascon Huarte Lain SA   4,278    17,168 
Papeles y Cartones de Europa SA   4,678    25,170 
Pescanova SA (I)   1,602    0 
Pharma Mar SA (I)   13,550    43,092 
Promotora de Informaciones SA, Class A (I)   2,575    16,506 
Prosegur Cia de Seguridad SA   14,186    99,030 
Sacyr SA (I)   19,140    40,395 
Tecnicas Reunidas SA   2,298    89,657 
Tubacex SA   6,252    18,535 
Tubos Reunidos SA (I)   9,106    7,728 
Vidrala SA   1,617    94,568 
Viscofan SA   3,523    190,669 
Vocento SA (I)   9,411    13,112 
Zardoya Otis SA   6,140    59,075 
         2,644,170 
Sweden - 3.4%          
AAK AB   2,029    149,915 

 

International Small Company Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Sweden (continued)          
Acando AB   6,279   $16,182 
AddLife AB (I)   1,567    24,945 
AddTech AB, B Shares   5,019    78,632 
AF AB, B Shares   6,380    124,093 
Arcam AB (I)   583    19,923 
Atrium Ljungberg AB, B Shares   780    13,608 
Avanza Bank Holding AB   1,104    43,610 
B&B Tools AB, B Shares   2,778    62,055 
Beijer Alma AB   715    17,695 
Beijer Ref AB   2,250    56,790 
Betsson AB (I)   7,923    87,592 
Bilia AB, A Shares   3,440    84,811 
BillerudKorsnas AB   8,818    156,037 
BioGaia AB, B Shares   555    16,180 
Bonava AB, B Shares (I)   916    11,544 
Bure Equity AB   5,458    64,128 
Byggmax Group AB   1,755    13,253 
Castellum AB   6,939    103,960 
Clas Ohlson AB, B Shares   3,185    49,582 
Cloetta AB, B Shares   18,972    68,773 
Concordia Maritime AB, B Shares   2,200    3,924 
Dios Fastigheter AB   1,472    11,113 
Duni AB   3,514    53,484 
East Capital Explorer AB   3,589    24,072 
Elekta AB, B Shares   5,852    56,659 
Enea AB (I)   1,999    21,194 
Eniro AB (I)   29,988    1,331 
Fabege AB   6,102    111,250 
Fagerhult AB   1,365    36,529 
Haldex AB   3,364    47,249 
Hemfosa Fastigheter AB   1,471    15,951 
HIQ International AB (I)   3,756    26,697 
Holmen AB, B Shares   4,455    158,696 
Hufvudstaden AB, A Shares   1,525    26,423 
Indutrade AB   5,919    127,103 
Intrum Justitia AB   4,673    150,710 
Inwido AB   3,126    42,274 
JM AB   6,233    170,377 
KappAhl AB   2,691    13,717 
Klovern AB, B Shares   10,266    12,772 
Kungsleden AB   10,626    77,716 
Lindab International AB   6,008    58,982 
Loomis AB, B Shares   4,564    140,846 
Mekonomen AB   2,150    41,881 
Modern Times Group MTG AB, B Shares   2,175    55,717 
Munksjo OYJ (I)   33    442 
Mycronic AB   3,734    46,643 
NCC AB, B Shares   2,552    66,876 
Net Insight AB, B Shares (I)(L)   40,297    33,089 
NetEnt AB (I)   8,580    78,577 
New Wave Group AB, B Shares   4,353    25,743 
Nibe Industrier AB, B Shares   7,849    69,882 
Nobia AB   8,526    80,999 
Nolato AB, B Shares   1,128    34,603 
Nordnet AB, B Shares   5,460    17,951 
OEM International AB, B Shares   1,799    30,879 
Peab AB   14,016    120,899 
Ratos AB, B Shares   10,353    49,151 
Recipharm AB   721    11,775 
Saab AB, B Shares   1,752    62,377 
SAS AB (I)   6,411    12,781 
Sensys Gatso Group AB (I)(L)   18,211    4,435 
SkiStar AB   222    3,583 

 

The accompanying notes are an integral part of the financial statements.  
138

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Small Company Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Sweden (continued)          
SSAB AB, A Shares (I)   882   $2,580 
SSAB AB, A Shares (Stockholm          
Stock Exchange) (I)   8,087    23,582 
SSAB AB, B Shares (I)   770    1,877 
SSAB AB, B Shares (Stockholm          
Stock Exchange) (I)   16,754    40,866 
Sweco AB, B Shares   4,462    91,990 
Thule Group AB (S)   1,118    19,068 
Wallenstam AB, B Shares   9,275    78,233 
Wihlborgs Fastigheter AB   3,088    65,718 
         3,824,574 
Switzerland - 5.3%          
AFG Arbonia-Forster Holding AG (I)   1,795    27,988 
Allreal Holding AG (I)   841    127,684 
Alpiq Holding AG (I)   155    14,329 
APG SGA SA   88    37,378 
Aryzta AG (I)   1,152    51,243 
Ascom Holding AG   3,277    59,037 
Autoneum Holding AG   263    73,999 
Bachem Holding AG   14    1,318 
Baloise Holding AG   1,441    174,479 
Bank Coop AG   801    34,341 
Banque Cantonale de Geneve   12    3,657 
Banque Cantonale Vaudoise   91    59,755 
Belimo Holding AG   21    69,114 
Bell AG   90    39,405 
Berner Kantonalbank AG   285    54,256 
BKW AG   294    14,078 
Bobst Group SA   632    35,284 
Bossard Holding AG (I)   447    58,873 
Bucher Industries AG   547    136,973 
Burckhardt Compression Holding AG   228    64,569 
Burkhalter Holding AG   218    29,499 
Calida Holding AG (I)   285    9,371 
Cembra Money Bank AG (I)   949    74,446 
Charles Voegele Holding AG (I)   998    6,528 
Cicor Technologies (I)   277    7,124 
Clariant AG (I)   8,423    145,210 
Coltene Holding AG   170    12,263 
Conzzeta AG   16    11,036 
Daetwyler Holding AG   673    97,249 
DKSH Holding AG   778    57,232 
dorma+kaba Holding AG (I)   239    177,192 
Edmond de Rothschild Suisse SA   1    13,920 
EFG International AG (I)   4,687    23,061 
Emmi AG (I)   226    154,976 
Energiedienst Holding AG   559    13,924 
Ferrexpo PLC (I)   5,662    5,438 
Flughafen Zuerich AG   1,355    264,894 
Forbo Holding AG (I)   82    110,315 
GAM Holding AG (I)   10,480    100,390 
Gategroup Holding AG (I)   1,251    67,953 
Georg Fischer AG   265    232,324 
Gurit Holding AG (I)   22    20,065 
Helvetia Holding AG   463    233,556 
Huber & Suhner AG   574    38,320 
Implenia AG   994    70,286 
Inficon Holding AG (I)   129    49,417 
Interroll Holding AG   38    42,390 
Intershop Holding AG   72    37,046 
Kardex AG (I)   420    40,428 
Komax Holding AG   339    83,069 
Kudelski SA (I)   3,337    62,217 

 

International Small Company Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Switzerland (continued)          
LEM Holding SA   42   $47,520 
Logitech International SA   1,671    37,531 
Logitech International SA (SIX          
Swiss Exchange)   5,484    123,095 
Luzerner Kantonalbank AG (I)   254    104,542 
Metall Zug AG, B Shares   5    16,265 
Meyer Burger Technology AG (I)   4,318    14,746 
Mobilezone Holding AG   2,429    35,653 
Mobimo Holding AG (I)   463    117,968 
OC Oerlikon Corp. AG (I)   9,053    90,466 
Orascom Development Holding AG (I)   533    3,379 
Orell Fuessli Holding AG   136    17,347 
Orior AG (I)   169    14,322 
Panalpina Welttransport Holding AG   858    119,549 
Phoenix Mecano AG   62    32,186 
Plazza AG   16    3,870 
PSP Swiss Property AG   1,672    159,323 
Rieter Holding AG (I)   251    50,922 
Romande Energie Holding SA   34    40,862 
Schaffner Holding AG (I)   40    9,896 
Schmolz & Bickenbach AG (I)   55,184    37,501 
Schweiter Technologies AG   80    92,746 
Siegfried Holding AG (I)   210    45,877 
St. Galler Kantonalbank AG   125    48,922 
Straumann Holding AG   672    262,888 
Sulzer AG   639    66,903 
Swissquote Group Holding SA (I)   328    9,256 
Tamedia AG   201    33,123 
Tecan Group AG   559    98,221 
Temenos Group AG (I)   3,524    222,220 
U-Blox AG (I)   323    69,915 
Valiant Holding AG   1,060    97,523 
Valora Holding AG   291    82,926 
Vaudoise Assurances Holding SA   87    44,051 
Vetropack Holding AG   3    4,989 
Von Roll Holding AG (I)   7,878    5,438 
Vontobel Holding AG   1,927    95,835 
VZ Holding AG   83    23,314 
Walliser Kantonalbank   104    8,180 
Ypsomed Holding AG (I)   276    56,599 
Zehnder Group AG (I)   615    27,352 
Zug Estates Holding AG, B Shares (I)   8    13,887 
Zuger Kantonalbank AG   13    66,244 
         5,982,251 
Taiwan - 0.0%          
Ya Hsin Industrial Company, Ltd. (I)   138,000    0 
United Arab Emirates - 0.0%          
Lamprell PLC (I)   33,134    29,561 
United Kingdom - 15.2%          
4imprint Group PLC   154    3,490 
A.G.Barr PLC   7,680    51,104 
AA PLC   12,867    49,091 
Aberdeen Asset Management PLC   12,945    54,639 
Acacia Mining PLC   8,311    53,592 
Afren PLC (I)   55,554    0 
Aggreko PLC   7,251    89,394 
Alizyme PLC (I)   22,479    0 
Amec Foster Wheeler PLC   14,488    107,471 
Anglo Pacific Group PLC   12,147    17,374 
Ashmore Group PLC   18,067    82,689 
AVEVA Group PLC   721    18,634 
Balfour Beatty PLC   46,053    166,645 

 

The accompanying notes are an integral part of the financial statements.  
139

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Small Company Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
United Kingdom (continued)          
BBA Aviation PLC   65,305   $211,372 
Beazley PLC   34,635    173,485 
Bellway PLC   8,717    267,314 
Berendsen PLC   10,915    175,480 
Bodycote PLC   15,683    119,489 
Booker Group PLC   73,284    169,045 
Bovis Homes Group PLC   10,397    117,882 
Braemar Shipping Services PLC   1,328    5,923 
Brammer PLC   8,722    13,609 
Brewin Dolphin Holdings PLC   15,013    51,277 
Britvic PLC   13,911    108,760 
BTG PLC (I)   6,596    54,180 
Capital & Counties Properties PLC   13,116    48,890 
Carillion PLC (L)   27,252    87,562 
Charles Taylor PLC   4,285    16,507 
Chemring Group PLC (I)   15,378    28,054 
Chesnara PLC   4,750    20,365 
Cineworld Group PLC   10,316    77,502 
Close Brothers Group PLC   10,738    190,451 
Cobham PLC   74,691    162,489 
Computacenter PLC   6,677    61,375 
Concentric AB   3,667    49,364 
Connect Group PLC   21,090    41,123 
Consort Medical PLC   2,579    36,153 
Costain Group PLC   4,797    22,347 
Cranswick PLC   3,987    120,907 
Crest Nicholson Holdings PLC   4,244    24,816 
Daily Mail & General Trust PLC   14,473    139,463 
Dairy Crest Group PLC   14,003    117,637 
De La Rue PLC   6,976    53,723 
Debenhams PLC   91,915    66,394 
Dechra Pharmaceuticals PLC   4,401    79,452 
Devro PLC   5,754    17,681 
Dialight PLC (I)   105    951 
Dialog Semiconductor PLC (I)   5,144    198,387 
Dignity PLC   4,231    153,685 
Diploma PLC   6,124    69,624 
Domino’s Pizza Group PLC   29,982    145,149 
Drax Group PLC   30,783    121,815 
DS Smith PLC   64,440    320,640 
Dunelm Group PLC   5,863    64,698 
e2v technologies PLC   2,485    7,719 
Electrocomponents PLC   31,661    139,405 
Elementis PLC   34,182    96,357 
EnQuest PLC (I)   53,014    18,370 
Enterprise Inns PLC (I)   40,990    49,378 
Essentra PLC   14,966    94,232 
esure Group PLC   14,313    56,422 
Euromoney Institutional Investor PLC   3,412    48,935 
FDM Group Holdings PLC   2,162    17,159 
Fenner PLC   9,083    23,573 
Fidessa Group PLC   2,560    79,721 
Findel PLC (I)   8,139    22,700 
Firstgroup PLC (I)   88,330    120,926 
Foxtons Group PLC (I)   8,069    10,465 
Galliford Try PLC   6,450    110,725 
Gem Diamonds, Ltd.   12,666    20,268 
Genus PLC   4,351    109,789 
Go-Ahead Group PLC   2,216    58,380 
Greene King PLC   20,833    208,861 
Greggs PLC   7,878    103,520 
Halfords Group PLC   15,547    70,472 
Halma PLC   21,707    294,711 

 

International Small Company Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
United Kingdom (continued)          
Hays PLC   78,663   $132,400 
Headlam Group PLC   4,631    29,592 
Helical Bar PLC   8,263    28,874 
Henderson Group PLC   64,172    192,637 
Hill & Smith Holdings PLC   6,401    93,941 
Hilton Food Group PLC   1,880    15,027 
HomeServe PLC   22,230    165,580 
Howden Joinery Group PLC   32,781    183,655 
Hunting PLC   9,804    58,358 
ICAP PLC   34,842    209,828 
IG Group Holdings PLC   21,765    245,586 
Imagination Technologies Group PLC (I)   16,400    52,448 
IMI PLC   1,599    22,253 
Inchcape PLC   26,025    222,064 
Indivior PLC   24,546    97,615 
Informa PLC   7,401    68,280 
Intermediate Capital Group PLC   12,019    91,773 
International Personal Finance PLC   12,526    42,220 
Interserve PLC   9,571    45,835 
IP Group PLC (I)   127    275 
ITE Group PLC   16,803    35,187 
Ithaca Energy, Inc. (I)   15,580    13,301 
J Sainsbury PLC   6,257    19,929 
J.D. Wetherspoon PLC   5,468    66,652 
James Fisher & Sons PLC   4,579    96,672 
Jardine Lloyd Thompson Group PLC   8,402    109,874 
JD Sports Fashion PLC   1,594    30,476 
John Menzies PLC   2,832    21,326 
John Wood Group PLC   16,085    158,330 
Jupiter Fund Management PLC   22,824    125,835 
KAZ Minerals PLC (I)   24,312    69,480 
KCOM Group PLC   41,789    62,791 
Keller Group PLC   4,607    52,308 
Kier Group PLC   7,205    122,403 
Ladbrokes PLC   55,844    101,266 
Laird PLC   25,897    106,552 
Lancashire Holdings, Ltd.   16,033    139,144 
Lavendon Group PLC   3,421    5,948 
Lookers PLC   22,449    33,346 
Low & Bonar PLC   22,280    17,930 
Man Group PLC   85,474    124,513 
Management Consulting Group PLC (I)   217    63 
Marshalls PLC   12,527    46,172 
Marston’s PLC   46,292    87,833 
McBride PLC (I)   14,770    35,828 
Mears Group PLC   8,289    49,418 
Meggitt PLC   15,767    92,027 
Melrose Industries PLC   63,726    144,032 
Micro Focus International PLC   8,214    233,805 
Millennium & Copthorne Hotels PLC   8,718    49,238 
Mitchells & Butlers PLC   17,726    62,976 
Mitie Group PLC   27,952    69,541 
MJ Gleeson PLC   2,770    21,105 
Moneysupermarket.com Group PLC   26,722    103,921 
Morgan Advanced Materials PLC   22,063    82,684 
Morgan Sindall Group PLC   789    7,570 
Mothercare PLC (I)   8,741    13,430 
MWB Group Holdings PLC (I)   11,618    734 
N. Brown Group PLC   13,495    33,254 
National Express Group PLC   34,580    154,390 
NCC Group PLC   13,335    60,495 
Northgate PLC   7,010    39,144 
Novae Group PLC   2,664    26,459 

 

The accompanying notes are an integral part of the financial statements.  
140

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Small Company Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
United Kingdom (continued)          
Ocado Group PLC (I)   2,910   $9,985 
Ophir Energy PLC (I)   7,595    7,633 
Oxford Instruments PLC   2,533    20,811 
Pagegroup PLC   20,236    87,813 
PayPoint PLC   4,414    58,960 
Pendragon PLC   63,903    24,826 
Pennon Group PLC   22,238    257,114 
Petrofac, Ltd.   4,438    51,368 
Petropavlovsk PLC (I)   13,086    1,159 
Pets at Home Group PLC   616    1,877 
Photo-Me International PLC   9,981    20,021 
Premier Farnell PLC   19,707    47,282 
Premier Foods PLC (I)   41,106    28,046 
Premier Oil PLC (I)   29,180    25,977 
Punch Taverns PLC (I)   1,008    1,382 
PZ Cussons PLC   16,024    75,601 
QinetiQ Group PLC   52,160    159,805 
Rank Group PLC   3,844    10,225 
Rathbone Brothers PLC   2,792    66,107 
Redrow PLC   21,353    110,501 
Renishaw PLC   2,008    68,747 
Rentokil Initial PLC   92,797    266,714 
Ricardo PLC   2,717    33,852 
Rightmove PLC   5,015    274,400 
RM PLC   8,752    16,368 
Rotork PLC   60,697    165,967 
RPC Group PLC   20,011    248,672 
RPS Group PLC   17,736    39,855 
Savills PLC   9,220    85,534 
SDL PLC   7,019    42,245 
Senior PLC   28,121    83,473 
Shanks Group PLC   35,094    49,470 
SIG PLC   41,252    62,104 
Soco International PLC   16,636    29,332 
Spectris PLC   7,772    197,899 
Speedy Hire PLC   24,369    11,218 
Spirax-Sarco Engineering PLC   5,227    304,678 
Spire Healthcare Group PLC (S)   8,597    44,006 
Spirent Communications PLC   48,511    51,481 
Sportech PLC (I)   11,390    12,034 
St. Ives PLC   3,492    6,003 
St. Modwen Properties PLC   14,271    54,175 
Stagecoach Group PLC   27,597    75,441 
SThree PLC   8,144    26,298 
Stobart Group, Ltd.   1,253    2,707 
Stolt-Nielsen, Ltd.   620    8,058 
STV Group PLC   2,685    13,301 
SuperGroup PLC   424    8,255 
Synthomer PLC   18,970    90,831 
TalkTalk Telecom Group PLC   31,116    81,443 
Tate & Lyle PLC   19,727    191,484 
Ted Baker PLC   1,270    40,556 
Telecom Plus PLC   4,501    64,612 
The Restaurant Group PLC   10,421    51,916 
The Unite Group PLC   15,949    131,074 
The Vitec Group PLC   1,430    11,291 
The Weir Group PLC   12,493    275,160 
Thomas Cook Group PLC (I)   66,442    59,533 
Topps Tiles PLC   15,591    22,706 
Trinity Mirror PLC   11,839    14,027 
TT Electronics PLC   14,769    26,854 
Tullett Prebon PLC   16,882    72,933 
Tullow Oil PLC (I)   50,002    164,240 

 

International Small Company Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
United Kingdom (continued)          
U & I Group PLC   5,560   $12,676 
UBM PLC   22,464    207,658 
UK Mail Group PLC   2,810    16,069 
Ultra Electronics Holdings PLC   2,489    57,177 
Vectura Group PLC (I)   55,290    99,317 
Vesuvius PLC   19,459    88,361 
Victrex PLC   7,047    143,066 
Volex PLC (I)   3,136    1,714 
Vp PLC   637    5,785 
W.S. Atkins PLC   6,846    140,775 
WH Smith PLC   8,112    161,828 
William Hill PLC   48,853    192,724 
Wilmington PLC   8,076    26,691 
Wincanton PLC   7,151    19,015 
Wireless Group PLC   4,980    20,267 
Xaar PLC   2,846    18,451 
Zeal Network SE   349    12,346 
Zoopla Property Group PLC (S)   6,724    28,318 
         17,286,532 
United States - 0.2%          
Alacer Gold Corp. (I)   14,491    36,229 
Argonaut Gold, Inc. (I)   12,132    31,903 
Diebold, Inc.   942    23,200 
Energy Fuels, Inc. (I)   730    1,180 
Ormat Technologies, Inc.   1    35 
REC Silicon ASA (I)(L)   135,975    19,048 
Sims Metal Management, Ltd.   15,252    109,684 
Thompson Creek Metals Company, Inc.          
(Toronto Stock Exchange) (I)   11,493    6,045 
         227,324 
TOTAL COMMON STOCKS (Cost $107,551,714)       $112,515,313 
           
PREFERRED SECURITIES - 0.3%          
Germany - 0.3%          
Draegerwerk AG & Company KGaA   721    51,726 
FUCHS PETROLUB SE   2,559    116,835 
Jungheinrich AG   1,449    49,043 
Sartorius AG   920    76,643 
Sixt SE   1,166    50,239 
STO SE & Company KGaA   124    15,459 
Villeroy & Boch AG   625    9,976 
         369,921 
TOTAL PREFERRED SECURITIES (Cost $323,146)       $369,921 
           
RIGHTS - 0.0%          
JB Hi-Fi, Ltd. (Expiration Date: 10/03/2016;          
Strike Price AUD 26.20) (I)   1,291    2,707 
Solstad Offshore ASA (Expiration Date:          
10/28/2016; Strike Price NOK 12.50) (I)   362    136 
Troy Resources, Ltd. (Expiration Date:          
10/05/2016; Strike Price AUD 0.36) (I)   2,152    74 
TOTAL RIGHTS (Cost $0)       $2,917 
           
WARRANTS - 0.0%          
Cheuk Nang Holdings, Ltd. (Expiration Date:          
04/25/2017; Strike Price HKD 4.30) (I)   90    23 
TOTAL WARRANTS (Cost $0)       $23 

 

The accompanying notes are an integral part of the financial statements.  
141

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Small Company Trust (continued)

 

     Shares or
Principal
Amount		   Value 
SECURITIES LENDING COLLATERAL - 1.1%          
John Hancock          
Collateral Trust, 0.6548% (W)(Y)   120,260   $1,203,391 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $1,203,386)       $1,203,391 
           
SHORT-TERM INVESTMENTS - 0.1%          
Money market funds - 0.1%          
BlackRock Cash Funds - Prime, Institutional          
Class, 0.4200% (Y)   96,127   $96,127 
TOTAL SHORT-TERM INVESTMENTS (Cost $96,127)       $96,127 
Total Investments (International Small Company Trust)          
(Cost $109,174,373) - 100.6%       $114,187,692 
Other assets and liabilities, net - (0.6%)        (695,379)
TOTAL NET ASSETS - 100.0%       $113,492,313 

 

International Value Trust

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS - 98.2%          
Australia - 1.9%          
Origin Energy, Ltd.   1,578,725   $6,657,981 
WorleyParsons, Ltd. (I)(L)   1,417,910    9,200,036 
         15,858,017 
Belgium - 0.7%          
UCB SA   70,360    5,446,296 
Canada - 7.1%          
Barrick Gold Corp.   613,090    10,863,955 
Cenovus Energy, Inc.   550,500    7,901,151 
Ensign Energy Services, Inc.   777,400    4,444,148 
HudBay Minerals, Inc.   342,050    1,353,130 
Precision Drilling Corp.   2,106,400    8,798,408 
Silver Wheaton Corp.   603,900    16,313,286 
Suncor Energy, Inc.   288,200    8,000,491 
         57,674,569 
China - 7.3%          
Baidu, Inc., ADR (I)   52,730    9,600,551 
China Life Insurance Company, Ltd., H Shares   2,216,000    5,806,285 
China Telecom Corp., Ltd., H Shares   20,958,427    10,692,247 
Shanghai Pharmaceuticals Holding          
Company, Ltd., H Shares   2,581,800    7,011,740 
Sinopec Engineering Group Company, Ltd.,          
H Shares   8,961,000    7,763,896 
Sinopharm Group Company, Ltd., H Shares   1,348,000    6,528,805 
Trina Solar, Ltd., ADR (I)   1,186,601    12,150,794 
         59,554,318 
France - 8.5%          
AXA SA   420,461    8,939,963 
BNP Paribas SA   362,306    18,634,793 
Cie Generale des Etablissements Michelin   113,680    12,588,430 
Sanofi   162,713    12,390,811 
Societe Generale SA   84,323    2,917,107 
Technip SA   83,730    5,147,263 
TOTAL SA   190,846    9,076,794 
         69,695,161 
Germany - 6.1%          
Bayer AG   76,310    7,663,874 

 

International Value Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Germany (continued)          
Deutsche Lufthansa AG   359,610   $4,009,080 
Gerresheimer AG   90,920    7,730,332 
Merck KGaA   53,744    5,797,121 
METRO AG   154,982    4,613,183 
MorphoSys AG (I)(L)   84,190    3,525,927 
Muenchener Rueckversicherungs-Gesellschaft          
AG (Munich Re)   19,567    3,654,469 
Siemens AG   108,861    12,765,141 
         49,759,127 
Hong Kong - 3.1%          
China Mobile, Ltd.   458,500    5,632,383 
GCL-Poly Energy Holdings, Ltd. (L)   98,088,000    13,148,137 
Haier Electronics Group Company, Ltd.   2,369,000    3,940,595 
Kunlun Energy Company, Ltd.   3,622,000    2,799,885 
         25,521,000 
India - 1.5%          
Hero MotoCorp, Ltd.   83,700    4,303,302 
Jain Irrigation Systems, Ltd.   1,872,382    2,522,252 
LIC Housing Finance, Ltd.   618,559    5,400,661 
         12,226,215 
Israel - 1.6%          
Teva Pharmaceutical Industries, Ltd., ADR   291,724    13,422,221 
Italy - 2.0%          
Eni SpA   677,240    9,759,278 
UniCredit SpA   2,683,464    6,254,955 
         16,014,233 
Japan - 5.0%          
Nissan Motor Company, Ltd.   1,505,800    14,770,204 
SoftBank Group Corp.   276,900    17,945,503 
Sumitomo Metal Mining Company, Ltd.   96,100    1,327,309 
Sumitomo Rubber Industries, Ltd.   191,000    2,889,046 
Toyota Motor Corp.   74,330    4,311,619 
         41,243,681 
Luxembourg - 0.9%          
Tenaris SA   488,494    6,957,787 
Mexico - 0.5%          
Industrias Penoles SAB de CV   173,794    4,158,920 
Netherlands - 7.2%          
Aegon NV   2,268,102    8,651,545 
ING Groep NV (I)   640,340    7,905,435 
QIAGEN NV (I)   420,910    11,605,896 
Royal Dutch Shell PLC, B Shares   640,596    16,607,807 
SBM Offshore NV   1,004,500    14,264,251 
         59,034,934 
Norway - 0.9%          
Telenor ASA   424,329    7,296,718 
Singapore - 1.0%          
United Overseas Bank, Ltd.   604,300    8,383,931 
South Africa - 0.4%          
Petra Diamonds, Ltd.   1,836,540    3,082,481 
South Korea - 14.2%          
Hana Financial Group, Inc.   859,668    21,886,165 
Hyundai Mobis Company, Ltd.   49,336    12,381,178 
Hyundai Motor Company   49,426    6,108,146 
KB Financial Group, Inc., ADR   733,361    25,088,280 
Korea Investment Holdings Company, Ltd.   112,346    4,186,576 
Posco Daewoo Corp.   330,464    7,428,240 

 

The accompanying notes are an integral part of the financial statements.  
142

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

International Value Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
South Korea (continued)          
Samsung Electronics Company, Ltd.   26,594   $38,741,139 
         115,819,724 
Spain - 0.6%          
Tecnicas Reunidas SA (L)   124,462    4,855,912 
Sweden - 0.6%          
Getinge AB, B Shares   262,002    5,079,173 
Switzerland - 7.5%          
ABB, Ltd. (I)   455,600    10,268,301 
Basilea Pharmaceutica AG (I)(L)   34,270    2,719,810 
Credit Suisse Group AG (I)   553,929    7,280,086 
GAM Holding AG (I)   219,280    2,100,522 
Glencore PLC (I)   5,144,600    14,086,733 
Roche Holding AG   52,512    13,049,159 
Swiss Re AG   52,631    4,753,550 
UBS Group AG   499,300    6,820,667 
         61,078,828 
Taiwan - 1.3%          
Catcher Technology Company, Ltd.   595,000    4,868,601 
Quanta Computer, Inc.   2,575,000    5,396,413 
         10,265,014 
Thailand - 1.1%          
Bangkok Bank PCL, NVDR   1,236,700    5,821,890 
PTT Exploration & Production PCL   1,443,600    3,395,928 
         9,217,818 
United Kingdom - 13.6%          
Aviva PLC   1,319,940    7,531,637 
BAE Systems PLC   1,545,061    10,495,958 
Barclays PLC   4,122,500    8,937,619 
BP PLC   3,250,755    18,947,696 
Carillion PLC (L)   1,441,700    4,632,253 
HSBC Holdings PLC   1,661,010    12,485,359 
Johnson Matthey PLC   155,816    6,646,182 
Kingfisher PLC   997,670    4,867,668 
Petrofac, Ltd.   1,161,960    13,449,118 
Standard Chartered PLC (I)   1,528,457    12,438,146 
Subsea 7 SA (I)(L)   442,853    4,778,771 
Vodafone Group PLC   1,962,712    5,628,882 
         110,839,289 
United States - 3.6%          
Apple, Inc.   65,040    7,352,772 
Eli Lilly & Company   54,330    4,360,526 
Halliburton Company   240,330    10,786,010 
Stillwater Mining Company (I)   497,670    6,648,871 
         29,148,179 
TOTAL COMMON STOCKS (Cost $830,090,224)       $801,633,546 
           
SECURITIES LENDING COLLATERAL - 3.4%          
John Hancock          
Collateral Trust, 0.6548% (W)(Y)   2,758,897    27,607,174 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $27,606,853)       $27,607,174 
           
SHORT-TERM INVESTMENTS - 1.2%          
U.S. Government Agency - 1.2%          
Federal Farm Credit Bank Discount Note          
0.150%, 10/03/2016*  $1,700,000   $1,700,000 

 

International Value Trust (continued)

 

     Shares or
Principal
Amount		   Value 
SHORT-TERM INVESTMENTS (continued)          
U.S. Government Agency (continued)          
Federal Home Loan Mortgage Corp. Discount          
Note          
0.200%, 10/03/2016*  $8,400,000   $8,400,000 
         10,100,000 
TOTAL SHORT-TERM INVESTMENTS (Cost $10,099,893)       $10,100,000 
Total Investments (International Value Trust)          
(Cost $867,796,970) - 102.8%       $839,340,720 
Other assets and liabilities, net - (2.8%)        (22,797,516)
TOTAL NET ASSETS - 100.0%       $816,543,204 

 

Investment Quality Bond Trust

 

     Shares or
Principal
Amount		   Value 
U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS - 54.8%          
U.S. Government - 14.0%          
Treasury Inflation Protected Securities          
0.125%, 07/15/2024  $7,797,163   $7,919,572 
0.250%, 01/15/2025   7,616,461    7,767,008 
U.S. Treasury Bonds          
2.500%, 02/15/2045 to 02/15/2046   1,852,000    1,920,109 
3.000%, 11/15/2044 to 11/15/2045   2,305,000    2,638,322 
4.500%, 02/15/2036   3,867,000    5,451,414 
5.375%, 02/15/2031   3,000    4,382 
U.S. Treasury Notes          
1.375%, 04/30/2021 (D)   2,873,000    2,903,302 
1.500%, 08/15/2026   2,325,000    2,304,022 
1.625%, 05/15/2026   3,317,000    3,323,478 
1.750%, 09/30/2019 (D)   2,200,000    2,254,743 
2.000%, 08/15/2025   6,420,000    6,648,212 
2.750%, 02/15/2024   66,000    72,041 
         43,206,605 
U.S. Government Agency - 40.8%          
Federal Home Loan Mortgage Corp.          
3.000%, TBA (C)   4,700,000    4,909,837 
3.000%, 04/01/2045   909,183    945,894 
3.500%, TBA (C)   9,200,000    9,699,518 
4.000%, TBA (C)   8,400,000    9,000,555 
4.500%, TBA (C)   2,200,000    2,408,645 
5.000%, 12/01/2034   276,705    309,878 
6.500%, 04/01/2029 to 08/01/2034   19,284    22,581 
7.500%, 08/01/2025 to 05/01/2028   8,949    10,349 
Federal National Mortgage Association          
2.500%, TBA (C)   1,600,000    1,656,907 
2.500%, 12/01/2042 to 04/01/2045   1,780,469    1,798,972 
2.660%, 03/01/2027   815,000    846,210 
2.720%, 03/01/2027   780,000    813,867 
2.780%, 03/01/2027   349,000    365,691 
2.970%, 06/01/2027 to 06/01/2030   1,281,000    1,346,648 
3.000%, TBA (C)   21,800,000    22,658,087 
3.500%, TBA (C)   32,100,000    33,871,095 
3.500%, 06/01/2046   5,411,910    5,715,370 
4.000%, TBA (C)   1,000,000    1,073,838 
4.500%, TBA (C)   3,100,000    3,394,968 
5.000%, TBA (C)   1,800,000    1,999,266 

 

The accompanying notes are an integral part of the financial statements.  
143

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS (continued)          
U.S. Government Agency (continued)          
Government National          
Mortgage Association          
3.000%, TBA (C)  $3,800,000   $3,980,802 
3.000%, 04/15/2045 to 06/20/2046   8,548,613    8,958,695 
3.500%, TBA (C)   2,400,000    2,548,993 
4.000%, TBA (C)   4,300,000    4,607,917 
4.000%, 11/15/2040 to 02/15/2042   102,556    111,186 
4.500%, TBA (C)   2,300,000    2,482,922 
6.000%, 08/15/2032 to 04/15/2035   80,008    93,900 
6.500%, 06/15/2028 to 02/15/2035   44,057    51,515 
7.000%, 11/15/2031 to 11/15/2033   279,930    330,278 
8.000%, 07/15/2030   2,700    3,311 
         126,017,695 
TOTAL U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS (Cost $167,658,444)       $169,224,300 
           
FOREIGN GOVERNMENT          
OBLIGATIONS - 1.6%          
Argentina - 0.1%          
Republic of Argentina          
2.260%, 12/31/2038 (P)  EUR290,000    213,869 
Brazil - 0.5%          
Federative Republic of Brazil          
6.000%, 05/15/2017 to 08/15/2022  BRL1,673,000    1,538,277 
Colombia - 0.1%          
Republic of Colombia          
4.250%, 05/17/2017  COP874,690,920    304,696 
Indonesia - 0.2%          
Republic of Indonesia          
8.250%, 07/15/2021  IDR4,440,000,000    357,910 
8.375%, 03/15/2024   4,582,000,000    378,009 
         735,919 
Mexico - 0.2%          
Government of Mexico          
4.750%, 03/08/2044  $70,000    72,800 
5.750%, 10/12/2110   396,000    418,770 
         491,570 
South Africa - 0.1%          
Republic of South Africa          
4.300%, 10/12/2028   410,000    405,900 
Thailand - 0.2%          
Bank of Thailand          
1.490%, 02/23/2018  THB16,325,000    470,573 
Turkey - 0.1%          
Republic of Turkey          
10.600%, 02/11/2026  TRY1,250,000    444,499 
Uruguay - 0.1%          
Republic of Uruguay          
3.700%, 06/26/2037  UYU6,964,308    198,824 
TOTAL FOREIGN GOVERNMENT          
OBLIGATIONS (Cost $4,696,991)       $4,804,127 
           
CORPORATE BONDS - 33.1%          
Consumer discretionary - 4.3%          
21st Century Fox America, Inc.          
7.750%, 01/20/2024  $272,000    348,906 
7.850%, 03/01/2039   225,000    323,819 

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)          
Consumer discretionary (continued)          
AutoZone, Inc.          
1.625%, 04/21/2019  $80,000   $80,266 
Buffalo Thunder Development Authority          
11.000%, 12/09/2022 (S)   39,655    19,837 
CBS Corp.          
4.000%, 01/15/2026   85,000    90,206 
CCO Holdings LLC          
5.125%, 02/15/2023   5,000    5,213 
5.250%, 09/30/2022   75,000    78,375 
5.750%, 09/01/2023   35,000    37,056 
Charter Communications Operating LLC          
3.579%, 07/23/2020 (S)   165,000    172,468 
4.464%, 07/23/2022 (S)   455,000    491,329 
4.908%, 07/23/2025 (S)   435,000    480,232 
6.484%, 10/23/2045 (S)   800,000    969,590 
Comcast Cable Communications LLC          
8.500%, 05/01/2027   206,000    296,020 
Comcast Corp.          
1.625%, 01/15/2022   125,000    123,966 
2.750%, 03/01/2023   665,000    689,281 
3.400%, 07/15/2046   245,000    238,254 
4.750%, 03/01/2044   195,000    229,714 
Cox Communications, Inc.          
3.350%, 09/15/2026 (S)   60,000    60,239 
3.850%, 02/01/2025 (S)   165,000    170,127 
4.800%, 02/01/2035 (S)   150,000    148,916 
DISH DBS Corp.          
5.875%, 07/15/2022   10,000    10,300 
6.750%, 06/01/2021   206,000    221,965 
Ford Motor Credit Company LLC          
1.461%, 03/27/2017   575,000    575,684 
3.200%, 01/15/2021   445,000    456,876 
4.134%, 08/04/2025   215,000    226,962 
General Motors Company          
6.600%, 04/01/2036   220,000    265,171 
6.750%, 04/01/2046   50,000    62,822 
General Motors Financial Company, Inc.          
2.400%, 04/10/2018   300,000    302,156 
3.500%, 07/10/2019   660,000    679,883 
3.700%, 05/09/2023   130,000    132,258 
4.750%, 08/15/2017   545,000    559,736 
5.250%, 03/01/2026   395,000    432,571 
GLP Capital LP          
5.375%, 04/15/2026   15,000    16,125 
Group 1 Automotive, Inc.          
5.000%, 06/01/2022   80,000    80,400 
Grupo Televisa SAB          
6.125%, 01/31/2046   200,000    219,798 
Hanesbrands, Inc.          
4.875%, 05/15/2026 (S)   40,000    40,900 
Hilton Domestic Operating Company, Inc.          
4.250%, 09/01/2024 (S)   35,000    35,700 
KFC Holding Company/Pizza Hut          
Holdings LLC/Taco Bell of          
America LLC          
5.250%, 06/01/2026 (S)   35,000    37,013 
Lamar Media Corp.          
5.750%, 02/01/2026   5,000    5,388 
Liberty Interactive LLC          
8.250%, 02/01/2030   160,000    172,000 
Lowe’s Companies, Inc.          
2.500%, 04/15/2026   395,000    396,099 
3.700%, 04/15/2046   325,000    334,297 

 

The accompanying notes are an integral part of the financial statements.  
144

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)          
Consumer discretionary (continued)          
Meritage Homes Corp.          
6.000%, 06/01/2025  $90,000   $95,625 
PulteGroup, Inc.          
4.250%, 03/01/2021   10,000    10,500 
Sky PLC          
2.625%, 09/16/2019 (S)   290,000    294,845 
TEGNA, Inc.          
5.125%, 07/15/2020   155,000    160,038 
The Home Depot, Inc.          
3.500%, 09/15/2056   250,000    243,243 
Time Warner Cable LLC          
4.500%, 09/15/2042   415,000    396,931 
5.875%, 11/15/2040   195,000    216,988 
6.750%, 07/01/2018   250,000    271,631 
8.750%, 02/14/2019   80,000    92,255 
Time Warner, Inc.          
2.100%, 06/01/2019   80,000    81,195 
2.950%, 07/15/2026   95,000    96,192 
4.850%, 07/15/2045   180,000    201,713 
6.100%, 07/15/2040   180,000    226,677 
7.700%, 05/01/2032   173,000    246,372 
Toll Brothers Finance Corp.          
4.875%, 11/15/2025   20,000    20,500 
Viacom, Inc.          
3.450%, 10/04/2026   40,000    40,007 
Videotron, Ltd.          
5.375%, 06/15/2024 (S)   175,000    182,000 
WMG Acquisition Corp.          
5.000%, 08/01/2023 (S)   10,000    10,150 
Wynn Las Vegas LLC          
5.375%, 03/15/2022 (L)   110,000    113,988 
         13,318,768 
Consumer staples - 3.2%          
Altria Group, Inc.          
2.625%, 09/16/2026   40,000    40,466 
3.875%, 09/16/2046   140,000    145,735 
9.250%, 08/06/2019   80,000    97,179 
Anheuser-Busch InBev Finance, Inc.          
1.900%, 02/01/2019   415,000    419,113 
2.150%, 02/01/2019   85,000    86,445 
3.300%, 02/01/2023   1,730,000    1,824,588 
4.700%, 02/01/2036   550,000    632,975 
4.900%, 02/01/2046   1,515,000    1,817,012 
Anheuser-Busch InBev Worldwide, Inc.          
2.500%, 07/15/2022   150,000    152,976 
3.750%, 07/15/2042   225,000    225,777 
BAT International Finance PLC          
2.750%, 06/15/2020 (S)   265,000    274,424 
CVS Health Corp.          
2.125%, 06/01/2021   75,000    75,767 
2.800%, 07/20/2020   380,000    393,984 
3.875%, 07/20/2025   239,000    260,328 
5.125%, 07/20/2045   375,000    457,209 
Imperial Brands Finance PLC          
2.050%, 07/20/2018 (S)   220,000    221,504 
2.950%, 07/21/2020 (S)   500,000    516,264 
Kraft Heinz Foods Company          
2.000%, 07/02/2018   160,000    161,581 
2.800%, 07/02/2020   145,000    150,276 
4.375%, 06/01/2046   85,000    90,165 
Molson Coors Brewing Company          
4.200%, 07/15/2046   170,000    177,596 

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)          
Consumer staples (continued)          
Pernod Ricard SA          
3.250%, 06/08/2026 (S)  $280,000   $284,598 
Reynolds American, Inc.          
3.250%, 06/12/2020   270,000    284,075 
4.000%, 06/12/2022   40,000    43,458 
Sysco Corp.          
2.500%, 07/15/2021   310,000    316,667 
The Kroger Company          
1.500%, 09/30/2019   110,000    109,774 
2.650%, 10/15/2026   155,000    154,116 
3.875%, 10/15/2046   20,000    20,180 
Walgreens Boots Alliance, Inc.          
2.600%, 06/01/2021   235,000    240,509 
3.100%, 06/01/2023   90,000    92,859 
         9,767,600 
Energy - 4.4%          
Anadarko Petroleum Corp.          
3.450%, 07/15/2024   250,000    246,730 
4.850%, 03/15/2021   140,000    150,822 
5.550%, 03/15/2026 (L)   300,000    340,818 
6.600%, 03/15/2046   265,000    323,150 
6.950%, 06/15/2019   40,000    44,254 
Antero Resources Corp.          
5.625%, 06/01/2023   20,000    20,375 
BP Capital Markets PLC          
2.112%, 09/16/2021   215,000    216,153 
2.521%, 01/15/2020   105,000    107,849 
2.750%, 05/10/2023   275,000    279,998 
Cenovus Energy, Inc.          
3.000%, 08/15/2022   680,000    646,658 
5.200%, 09/15/2043   245,000    220,466 
5.700%, 10/15/2019   145,000    155,634 
Concho Resources, Inc.          
5.500%, 04/01/2023   30,000    30,938 
6.500%, 01/15/2022   25,000    25,938 
ConocoPhillips Company          
4.950%, 03/15/2026   395,000    445,319 
Continental Resources, Inc.          
4.500%, 04/15/2023   15,000    14,400 
5.000%, 09/15/2022   50,000    49,875 
DCP Midstream LLC          
5.350%, 03/15/2020 (S)   10,000    10,250 
9.750%, 03/15/2019 (S)   15,000    16,680 
DCP Midstream Operating LP          
2.700%, 04/01/2019   20,000    19,500 
4.950%, 04/01/2022   20,000    20,375 
5.600%, 04/01/2044   30,000    27,750 
Devon Energy Corp.          
3.250%, 05/15/2022 (L)   570,000    565,972 
Devon Financing Company LLC          
7.875%, 09/30/2031   55,000    68,183 
Emera US Finance LP          
2.700%, 06/15/2021 (S)   45,000    46,054 
4.750%, 06/15/2046 (S)   50,000    53,735 
Encana Corp.          
3.900%, 11/15/2021   155,000    155,307 
Energy Transfer Equity LP          
7.500%, 10/15/2020   200,000    219,500 
Energy Transfer Partners LP          
3.600%, 02/01/2023   510,000    502,136 
5.950%, 10/01/2043   395,000    399,798 
Enterprise Products Operating LLC          
3.950%, 02/15/2027   135,000    141,318 

 

The accompanying notes are an integral part of the financial statements.  
145

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)          
Energy (continued)          
EOG Resources, Inc.          
4.150%, 01/15/2026  $120,000   $131,143 
Fortive Corp.          
2.350%, 06/15/2021 (S)   160,000    161,486 
Hess Corp.          
4.300%, 04/01/2027   205,000    206,692 
5.600%, 02/15/2041   185,000    184,296 
5.800%, 04/01/2047   175,000    179,106 
6.000%, 01/15/2040   140,000    143,340 
Kerr-McGee Corp.          
6.950%, 07/01/2024   345,000    414,935 
Kinder Morgan Energy Partners LP          
5.300%, 09/15/2020   80,000    86,320 
6.500%, 04/01/2020   25,000    28,069 
6.850%, 02/15/2020   55,000    62,420 
Kinder Morgan, Inc.          
5.050%, 02/15/2046   460,000    439,038 
Magellan Midstream Partners LP          
5.000%, 03/01/2026   85,000    96,893 
Marathon Oil Corp.          
2.700%, 06/01/2020   105,000    102,920 
2.800%, 11/01/2022   275,000    254,718 
3.850%, 06/01/2025   20,000    19,004 
5.200%, 06/01/2045   10,000    8,986 
6.600%, 10/01/2037   5,000    5,123 
6.800%, 03/15/2032   10,000    10,477 
MEG Energy Corp.          
7.000%, 03/31/2024 (S)   62,000    48,980 
MPLX LP          
4.875%, 12/01/2024 to 06/01/2025   80,000    83,113 
Nexen Energy ULC          
6.200%, 07/30/2019   90,000    100,067 
NextEra Energy Capital Holdings, Inc.          
1.649%, 09/01/2018   125,000    125,469 
Petroleos Mexicanos          
4.625%, 09/21/2023 (S)   35,000    35,172 
5.500%, 02/04/2019 (S)   225,000    237,263 
5.500%, 06/27/2044   420,000    364,098 
6.375%, 02/04/2021 (S)   115,000    125,362 
Pioneer Natural Resources Company          
3.450%, 01/15/2021   70,000    72,795 
3.950%, 07/15/2022   70,000    74,496 
4.450%, 01/15/2026   340,000    368,949 
Plains All American Pipeline LP          
2.850%, 01/31/2023   260,000    247,008 
3.650%, 06/01/2022   260,000    263,577 
QEP Resources, Inc.          
6.800%, 03/01/2020   5,000    5,113 
Regency Energy Partners LP          
5.875%, 03/01/2022   50,000    55,118 
Shell International Finance BV          
2.500%, 09/12/2026   95,000    93,467 
3.250%, 05/11/2025   300,000    316,226 
4.375%, 05/11/2045   290,000    313,218 
SM Energy Company          
6.125%, 11/15/2022   20,000    20,000 
Statoil ASA          
3.700%, 03/01/2024   56,000    60,893 
3.950%, 05/15/2043   255,000    263,590 
Sunoco Logistics Partners Operations LP          
3.900%, 07/15/2026   15,000    15,305 
4.250%, 04/01/2024   160,000    166,279 

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)          
Energy (continued)          
Tesoro Corp.          
5.125%, 04/01/2024  $45,000   $46,350 
Tesoro Logistics LP          
5.500%, 10/15/2019   55,000    58,575 
6.250%, 10/15/2022   85,000    90,738 
Texas Eastern Transmission LP          
2.800%, 10/15/2022 (S)   235,000    234,283 
The Williams Companies, Inc.          
3.700%, 01/15/2023   15,000    14,550 
4.550%, 06/24/2024   5,000    5,098 
5.750%, 06/24/2044   5,000    5,150 
7.875%, 09/01/2021   10,000    11,575 
Valero Energy Corp.          
3.400%, 09/15/2026   340,000    335,890 
4.900%, 03/15/2045   55,000    54,476 
Williams Partners LP          
3.600%, 03/15/2022   520,000    529,074 
4.000%, 11/15/2021   130,000    134,553 
4.300%, 03/04/2024   210,000    214,858 
5.250%, 03/15/2020   170,000    184,048 
WPX Energy, Inc.          
5.250%, 09/15/2024   30,000    28,275 
6.000%, 01/15/2022   20,000    19,750 
         13,523,702 
Financials - 11.0%          
American International Group, Inc.          
4.700%, 07/10/2035   175,000    189,113 
Banco Bilbao Vizcaya Argentaria SA          
(7.000% to 02/19/2019, then 5 Year          
Euro Swap Rate + 6.155%)          
02/19/2019 (Q)  EUR 200,000    210,096 
Banco Bilbao Vizcaya Argentaria SA          
(8.875% to 04/14/2021, then 5 Year          
Euro Swap Rate + 9.177%)          
04/14/2021 (Q)   200,000    236,577 
Banco Bilbao Vizcaya Argentaria SA          
(9.000% to 05/09/2018, then 5 Year          
U.S. Swap Rate + 8.262%)          
05/09/2018 (Q)  $600,000    615,000 
Banco Santander SA (6.250% to          
03/12/2019, then 5 Year Euro Swap          
Rate + 5.410%)          
03/12/2019 (Q)  EUR 200,000    201,479 
Banco Santander SA (6.250% to          
09/11/2021, then 5 Year Euro Swap          
Rate + 5.640%)          
09/11/2021 (Q)   100,000    100,821 
Bank of America Corp.          
2.625%, 04/19/2021  $360,000    365,754 
4.200%, 08/26/2024   365,000    385,966 
5.000%, 01/21/2044   155,000    182,919 
5.625%, 07/01/2020   295,000    331,558 
6.400%, 08/28/2017   475,000    495,647 
7.750%, 05/14/2038   560,000    813,483 
Bank of Ireland (7.375% to 06/18/2020,          
then 5 Year Euro Swap Rate + 6.956%)          
06/18/2020 (Q)  EUR 600,000    641,994 
Barclays Bank PLC          
6.050%, 12/04/2017 (S)  $645,000    674,435 
Barclays PLC (8.000% to 12/15/2020, then          
5 Year Euro Swap Rate + 6.750%)          
12/15/2020 (Q)  EUR200,000    224,782 

 

The accompanying notes are an integral part of the financial statements.  
146

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)          
Financials (continued)          
BNP Paribas SA (7.625% to 03/30/2021,          
then 5 Year U.S. Swap Rate + 6.314%)          
03/30/2021 (Q)(S)  $230,000   $237,475 
Capital One NA          
1.650%, 02/05/2018   500,000    500,573 
2.350%, 08/17/2018   740,000    748,978 
CIT Group, Inc.          
5.500%, 02/15/2019 (S)   260,000    274,950 
Citigroup, Inc.          
4.300%, 11/20/2026   250,000    262,365 
4.450%, 09/29/2027   1,170,000    1,225,202 
4.600%, 03/09/2026   185,000    197,692 
4.650%, 07/30/2045   280,000    315,847 
5.500%, 09/13/2025   90,000    102,697 
CNO Financial Group, Inc.          
5.250%, 05/30/2025   35,000    34,913 
Credit Agricole SA          
4.375%, 03/17/2025 (S)   295,000    301,155 
Credit Agricole SA (6.500% to          
06/23/2021, then 5 Year Euro Swap          
Rate + 5.120%)          
06/23/2021 (Q)  EUR 275,000    307,290 
Credit Agricole SA (8.125% to          
09/19/2018, then 5 Year U.S. Swap          
Rate + 6.283%)          
09/19/2033 (S)  $200,000    215,750 
Credit Agricole SA (8.125% to          
12/23/2025, then 5 Year U.S. Swap          
Rate + 6.185%)          
12/23/2025 (Q)(S)   200,000    212,000 
Credit Suisse Group AG (6.250% to          
12/18/2024, then 5 Year U.S. Swap          
Rate + 3.455%)          
12/18/2024 (Q)   925,000    877,733 
Credit Suisse Group Funding          
Guernsey, Ltd.          
3.125%, 12/10/2020   300,000    303,931 
HSBC Holdings PLC          
2.950%, 05/25/2021   200,000    202,867 
3.400%, 03/08/2021   475,000    491,307 
3.600%, 05/23/2023   400,000    413,249 
4.250%, 08/18/2025   300,000    308,163 
HSBC USA, Inc.          
2.750%, 08/07/2020   210,000    215,002 
Intercontinental Exchange, Inc.          
2.750%, 12/01/2020   235,000    244,400 
Intesa Sanpaolo SpA (7.700% to          
09/17/2025, then 5 Year U.S. Swap          
Rate + 5.462%)          
09/17/2025 (Q)(S)   375,000    328,125 
JPMorgan Chase & Co.          
2.295%, 08/15/2021   215,000    215,481 
2.400%, 06/07/2021   590,000    596,702 
2.700%, 05/18/2023   545,000    550,797 
2.750%, 06/23/2020   600,000    617,467 
4.250%, 10/01/2027   365,000    392,911 
6.000%, 01/15/2018   340,000    359,248 
Lloyds Banking Group PLC (7.000% to          
06/27/2019, then 5 Year British Pound          
Swap Rate + 5.060%)          
06/27/2019 (Q)  GBP 200,000    255,243 
Marsh & McLennan Companies, Inc.          
3.500%, 03/10/2025  $210,000    221,940 

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)          
Financials (continued)          
Massachusetts Mutual Life Insurance          
Company          
8.875%, 06/01/2039 (S)  $285,000   $449,339 
MGIC Investment Corp.          
5.750%, 08/15/2023   10,000    10,400 
Morgan Stanley          
2.450%, 02/01/2019   310,000    315,617 
2.500%, 04/21/2021   945,000    954,227 
3.125%, 07/27/2026   605,000    611,034 
3.950%, 04/23/2027   225,000    234,170 
4.000%, 07/23/2025   245,000    263,616 
4.350%, 09/08/2026   150,000    160,229 
4.875%, 11/01/2022   51,000    56,256 
6.625%, 04/01/2018   1,225,000    1,312,524 
MSCI, Inc.          
4.750%, 08/01/2026 (S)   5,000    5,063 
5.250%, 11/15/2024 (S)   30,000    31,760 
5.750%, 08/15/2025 (S)   15,000    16,013 
Nasdaq, Inc.          
3.850%, 06/30/2026   60,000    62,821 
Nationwide Building Society (6.875% to          
06/20/2019, then 5 Year British Pound          
Swap Rate + 4.880%)          
06/20/2019 (Q)  GBP210,000    259,943 
Navient Corp.          
5.500%, 01/15/2019  $120,000    121,800 
6.625%, 07/26/2021   10,000    10,075 
7.250%, 01/25/2022 to 09/25/2023   90,000    90,991 
8.000%, 03/25/2020   10,000    10,725 
8.450%, 06/15/2018   35,000    37,625 
Radian Group, Inc.          
7.000%, 03/15/2021   25,000    28,031 
Royal Bank of Scotland Group PLC          
3.875%, 09/12/2023   770,000    759,980 
Royal Bank of Scotland Group PLC          
(7.500% to 08/10/2020, then 5 Year          
U.S. Swap Rate + 5.800%)          
08/10/2020 (Q)   620,000    573,500 
Santander Issuances SAU          
5.179%, 11/19/2025   600,000    611,653 
Societe Generale SA (7.375% to          
09/13/2021, then 5 Year U.S. Swap          
Rate + 6.238%)          
09/13/2021 (Q)(S)   375,000    367,500 
Societe Generale SA (8.250% to          
11/29/2018, then 5 Year U.S. Swap          
Rate + 6.394%)          
11/29/2018 (Q)   725,000    735,121 
SunTrust Banks, Inc.          
3.500%, 01/20/2017   325,000    326,647 
Synchrony Financial          
2.600%, 01/15/2019   475,000    480,574 
The Bank of Nova Scotia          
4.500%, 12/16/2025   335,000    357,143 
The Bear Stearns Companies LLC          
6.400%, 10/02/2017   85,000    89,029 
7.250%, 02/01/2018   230,000    246,991 
The Goldman Sachs Group, Inc.          
2.000%, 04/25/2019   100,000    100,653 
2.350%, 11/15/2021   315,000    314,381 
2.375%, 01/22/2018   735,000    742,482 
2.600%, 04/23/2020   100,000    101,641 
2.750%, 09/15/2020   320,000    327,804 

 

The accompanying notes are an integral part of the financial statements.  
147

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (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. (continued)          
2.875%, 02/25/2021  $320,000   $328,228 
3.750%, 02/25/2026    240,000    252,158 
4.750%, 10/21/2045    145,000    163,136 
5.150%, 05/22/2045    440,000    480,973 
6.250%, 02/01/2041    255,000    334,150 
6.750%, 10/01/2037    590,000    752,681 
The PNC Financial Services Group, Inc.           
5.625%, 02/01/2017    550,000    557,914 
UBS Group AG (6.875% to 03/22/2021,           
then 5 Year U.S. Swap Rate + 5.497%)           
03/22/2021 (Q)    500,000    492,355 
UBS Group AG (7.125% to 02/19/2020,           
then 5 Year U.S. Swap Rate + 5.464%)           
02/19/2020 (Q)    200,000    202,750 
UBS Group Funding Jersey, Ltd.           
2.650%, 02/01/2022 (S)    380,000    379,244 
Wells Fargo & Company           
3.000%, 04/22/2026    175,000    176,759 
4.400%, 06/14/2046    435,000    443,987 
4.900%, 11/17/2045    460,000    507,723 
5.606%, 01/15/2044    455,000    544,806 
         33,995,299 
Health care - 2.7%           
AbbVie, Inc.           
3.200%, 05/14/2026    140,000    141,818 
Actavis Funding SCS           
2.350%, 03/12/2018    930,000    939,524 
3.000%, 03/12/2020    370,000    381,433 
3.850%, 06/15/2024    255,000    271,177 
Aetna, Inc.           
2.800%, 06/15/2023    100,000    102,147 
4.250%, 06/15/2036    45,000    46,719 
Anthem, Inc.           
3.500%, 08/15/2024    295,000    310,085 
4.625%, 05/15/2042    225,000    243,241 
Baxalta, Inc.           
3.600%, 06/23/2022    35,000    36,774 
Cardinal Health, Inc.           
1.950%, 06/15/2018    145,000    146,365 
Celgene Corp.           
4.625%, 05/15/2044    110,000    116,230 
Community Health Systems, Inc.           
5.125%, 08/01/2021    75,000    74,250 
EMD Finance LLC           
2.950%, 03/19/2022 (S)    390,000    402,076 
Gilead Sciences, Inc.           
2.500%, 09/01/2023    80,000    80,642 
3.250%, 09/01/2022    105,000    111,505 
HCA, Inc.           
5.875%, 03/15/2022    130,000    143,975 
6.500%, 02/15/2020    135,000    149,513 
Hologic, Inc.           
5.250%, 07/15/2022 (S)    25,000    26,531 
Kinetic Concepts, Inc.           
7.875%, 02/15/2021 (S)    70,000    75,775 
LifePoint Health, Inc.           
5.875%, 12/01/2023    75,000    77,625 
MEDNAX, Inc.           
5.250%, 12/01/2023 (S)    15,000    15,769 
Medtronic, Inc.           
4.375%, 03/15/2035    351,000    398,545 

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)          
Health care (continued)          
Mylan NV          
3.000%, 12/15/2018 (S)  $150,000   $153,300 
3.150%, 06/15/2021 (S)   160,000    163,015 
3.750%, 12/15/2020 (S)   170,000    177,555 
Quintiles Transnational Corp.          
4.875%, 05/15/2023 (S)   35,000    35,963 
Shire Acquisitions Investments Ireland          
DAC          
2.400%, 09/23/2021   290,000    290,805 
Tenet Healthcare Corp.          
6.000%, 10/01/2020   270,000    285,525 
Teva Pharmaceutical          
Finance Netherlands III BV          
1.700%, 07/19/2019   535,000    533,750 
2.200%, 07/21/2021   430,000    429,236 
3.150%, 10/01/2026   85,000    85,450 
Thermo Fisher Scientific, Inc.          
2.950%, 09/19/2026   80,000    79,738 
3.000%, 04/15/2023   255,000    261,232 
UnitedHealth Group, Inc.          
1.700%, 02/15/2019   230,000    231,518 
3.350%, 07/15/2022   265,000    284,585 
3.750%, 07/15/2025   285,000    313,159 
4.750%, 07/15/2045   85,000    102,196 
Zimmer Biomet Holdings, Inc.          
1.450%, 04/01/2017   565,000    565,605 
         8,284,351 
Industrials - 1.3%          
AerCap Ireland Capital, Ltd.          
4.500%, 05/15/2021   170,000    177,863 
Aircastle, Ltd.          
5.000%, 04/01/2023   5,000    5,225 
5.500%, 02/15/2022   20,000    21,576 
BAE Systems Holdings, Inc.          
2.850%, 12/15/2020 (S)   70,000    71,655 
BAE Systems PLC          
4.750%, 10/11/2021 (S)   70,000    77,845 
Canadian Pacific Railway Company          
9.450%, 08/01/2021   175,000    228,826 
Clean Harbors, Inc.          
5.125%, 06/01/2021   20,000    20,500 
5.250%, 08/01/2020   91,000    93,730 
CNH Industrial Capital LLC          
4.375%, 11/06/2020   75,000    78,375 
EnerSys          
5.000%, 04/30/2023 (S)   85,000    84,894 
ERAC USA Finance LLC          
2.600%, 12/01/2021 (S)   375,000    382,256 
FedEx Corp.          
3.250%, 04/01/2026   90,000    94,976 
4.550%, 04/01/2046   240,000    267,427 
Huntington Ingalls Industries, Inc.          
5.000%, 11/15/2025 (S)   10,000    10,575 
Kansas City Southern          
3.000%, 05/15/2023   125,000    127,407 
Lockheed Martin Corp.          
2.500%, 11/23/2020   185,000    190,984 
4.700%, 05/15/2046   205,000    244,202 
Norfolk Southern Corp.          
2.900%, 06/15/2026   220,000    225,779 
Oshkosh Corp.          
5.375%, 03/01/2025   50,000    52,500 

 

The accompanying notes are an integral part of the financial statements.  
148

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)          
Industrials (continued)          
Penske Truck Leasing Company LP          
3.375%, 02/01/2022 (S)  $40,000   $41,600 
4.250%, 01/17/2023 (S)   625,000    659,540 
4.875%, 07/11/2022 (S)   125,000    139,499 
Ryder System, Inc.          
2.450%, 09/03/2019   20,000    20,404 
2.550%, 06/01/2019   135,000    137,654 
Sensata Technologies BV          
5.000%, 10/01/2025 (S)   65,000    66,463 
5.625%, 11/01/2024 (S)   10,000    10,563 
Sigma Alimentos SA de CV          
4.125%, 05/02/2026 (S)   245,000    245,613 
United Rentals North America, Inc.          
4.625%, 07/15/2023   45,000    46,125 
5.500%, 07/15/2025   55,000    56,375 
         3,880,431 
Information technology - 1.6%          
Apple, Inc.          
1.550%, 08/04/2021   340,000    339,071 
3.450%, 02/09/2045   325,000    311,378 
3.850%, 08/04/2046   60,000    61,106 
Cardtronics, Inc.          
5.125%, 08/01/2022   90,000    92,025 
Cisco Systems, Inc.          
1.400%, 09/20/2019   480,000    480,491 
2.200%, 02/28/2021   280,000    286,511 
Diamond 1 Finance Corp.          
3.480%, 06/01/2019 (S)   165,000    169,674 
4.420%, 06/15/2021 (S)   150,000    156,779 
8.350%, 07/15/2046 (S)   75,000    89,842 
First Data Corp.          
5.000%, 01/15/2024 (S)   15,000    15,225 
5.375%, 08/15/2023 (S)   85,000    87,550 
Intel Corp.          
4.100%, 05/19/2046   130,000    139,451 
Lam Research Corp.          
2.800%, 06/15/2021   230,000    236,093 
Microsoft Corp.          
1.550%, 08/08/2021   400,000    398,288 
2.400%, 08/08/2026   155,000    155,100 
3.700%, 08/08/2046   235,000    238,041 
3.950%, 08/08/2056   240,000    243,087 
NCR Corp.          
4.625%, 02/15/2021   150,000    151,500 
Nokia OYJ          
6.625%, 05/15/2039   70,000    75,950 
Open Text Corp.          
5.625%, 01/15/2023 (S)   35,000    35,700 
Oracle Corp.          
1.900%, 09/15/2021   520,000    521,359 
Visa, Inc.          
2.800%, 12/14/2022   300,000    314,528 
4.300%, 12/14/2045   340,000    393,980 
         4,992,729 
Materials - 0.6%          
Anglo American Capital PLC          
4.450%, 09/27/2020 (S)   100,000    102,500 
Boise Cascade Company          
5.625%, 09/01/2024 (S)   15,000    15,225 
Cascades, Inc.          
5.500%, 07/15/2022 (S)   30,000    30,488 
5.750%, 07/15/2023 (S)   45,000    45,563 

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)          
Materials (continued)          
Clearwater Paper Corp.          
5.375%, 02/01/2025 (S)  $85,000   $86,275 
CRH America, Inc.          
5.125%, 05/18/2045 (S)   290,000    325,221 
Crown Americas LLC          
4.250%, 09/30/2026 (S)   20,000    19,975 
Eagle Materials, Inc.          
4.500%, 08/01/2026   15,000    15,209 
Freeport-McMoRan, Inc.          
3.875%, 03/15/2023   5,000    4,525 
4.550%, 11/14/2024   30,000    27,188 
5.400%, 11/14/2034   20,000    16,600 
5.450%, 03/15/2043   50,000    40,500 
Graphic Packaging International, Inc.          
4.875%, 11/15/2022   90,000    94,500 
Kaiser Aluminum Corp.          
5.875%, 05/15/2024   10,000    10,450 
Norbord, Inc.          
6.250%, 04/15/2023 (S)   85,000    90,313 
NOVA Chemicals Corp.          
5.000%, 05/01/2025 (S)   125,000    126,563 
Owens-Brockway Glass Container, Inc.          
5.875%, 08/15/2023 (S)   30,000    32,213 
Reynolds Group Issuer, Inc.          
5.125%, 07/15/2023 (S)   70,000    72,275 
Rio Tinto Finance USA, Ltd.          
3.750%, 06/15/2025   125,000    134,557 
Standard Industries, Inc.          
5.375%, 11/15/2024 (S)   180,000    185,400 
Steel Dynamics, Inc.          
5.125%, 10/01/2021   30,000    31,163 
5.500%, 10/01/2024   45,000    47,138 
Teck Resources, Ltd.          
8.500%, 06/01/2024 (S)   35,000    40,075 
United States Steel Corp.          
7.375%, 04/01/2020   43,000    42,785 
Versum Materials, Inc.          
5.500%, 09/30/2024 (S)   5,000    5,138 
Westlake Chemical Corp.          
4.625%, 02/15/2021 (S)   100,000    104,500 
         1,746,339 
Real estate - 0.6%          
American Tower Corp.          
3.400%, 02/15/2019   270,000    280,524 
3.450%, 09/15/2021   185,000    194,719 
Brandywine Operating Partnership LP          
4.950%, 04/15/2018   205,000    213,823 
Corrections Corp. of America          
4.125%, 04/01/2020   40,000    37,700 
Crown Castle International Corp.          
3.400%, 02/15/2021   35,000    36,631 
3.700%, 06/15/2026   135,000    140,946 
HCP, Inc.          
4.000%, 06/01/2025   75,000    77,054 
4.200%, 03/01/2024   175,000    182,031 
Kimco Realty Corp.          
3.400%, 11/01/2022   30,000    31,607 
Prologis LP          
3.350%, 02/01/2021   410,000    433,508 
Ventas Realty LP          
4.750%, 06/01/2021   170,000    188,755 
         1,817,298 

 

The accompanying notes are an integral part of the financial statements.  
149

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)          
Telecommunication services - 2.4%          
AT&T, Inc.          
3.600%, 02/17/2023  $525,000   $553,565 
4.125%, 02/17/2026   375,000    405,466 
4.750%, 05/15/2046   685,000    720,582 
Frontier Communications Corp.          
10.500%, 09/15/2022   25,000    26,500 
GTP Acquisition Partners I LLC          
3.482%, 06/16/2025 (S)   730,000    760,843 
SBA Tower Trust          
2.898%, 10/15/2044 (S)   505,000    512,097 
2.933%, 12/15/2042 (S)   520,000    522,888 
3.598%, 04/15/2043 (S)   730,000    732,448 
Sprint Communications, Inc.          
7.000%, 03/01/2020 (S)   25,000    26,938 
9.000%, 11/15/2018 (S)   80,000    88,200 
Sprint Corp.          
7.125%, 06/15/2024   195,000    190,125 
T-Mobile USA, Inc.          
6.633%, 04/28/2021   65,000    68,413 
Telecom Italia Capital SA          
6.000%, 09/30/2034   15,000    14,854 
7.721%, 06/04/2038   25,000    27,375 
Verizon Communications, Inc.          
4.272%, 01/15/2036   865,000    903,083 
4.400%, 11/01/2034   225,000    238,534 
4.672%, 03/15/2055   1,318,000    1,386,444 
4.862%, 08/21/2046   110,000    123,520 
5.012%, 08/21/2054   245,000    271,284 
         7,573,159 
Utilities - 1.0%          
AES Corp.          
5.500%, 03/15/2024   195,000    201,825 
AmeriGas Partners LP          
5.625%, 05/20/2024   25,000    26,500 
5.875%, 08/20/2026   25,000    26,500 
Berkshire Hathaway Energy Company          
6.500%, 09/15/2037   180,000    248,018 
Calpine Corp.          
5.875%, 01/15/2024 (S)   35,000    36,969 
Dominion Resources, Inc.          
2.850%, 08/15/2026   205,000    204,037 
DTE Energy Company          
1.500%, 10/01/2019   185,000    184,729 
Duke Energy Corp.          
2.650%, 09/01/2026   85,000    83,496 
Duke Energy Florida LLC          
3.400%, 10/01/2046   305,000    297,546 
Duke Energy Progress LLC          
4.375%, 03/30/2044   70,000    79,509 
Electricite de France SA          
4.950%, 10/13/2045 (S)   275,000    298,329 
Exelon Corp.          
2.450%, 04/15/2021   50,000    51,002 
2.850%, 06/15/2020   300,000    310,736 
Fortis, Inc.          
2.100%, 10/04/2021 (S)   95,000    94,549 
3.055%, 10/04/2026 (S)   60,000    59,780 
NRG Energy, Inc.          
6.250%, 07/15/2022   75,000    76,125 
Oncor Electric Delivery Company LLC          
7.000%, 09/01/2022   70,000    88,698 
Progress Energy, Inc.          
7.000%, 10/30/2031   270,000    362,792 

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)          
Utilities (continued)          
Southern Company Gas Capital Corp.          
2.450%, 10/01/2023  $60,000   $60,216 
The Southern Company          
1.850%, 07/01/2019   170,000    171,325 
2.950%, 07/01/2023   110,000    113,809 
4.400%, 07/01/2046   85,000    91,954 
         3,168,444 
TOTAL CORPORATE BONDS (Cost $98,508,847)       $102,068,120 
           
MUNICIPAL BONDS - 1.2%          
Chicago Transit Authority, Series A          
(Illinois) 6.899%, 12/01/2040   40,000    53,026 
Chicago Transit Authority, Series B          
(Illinois) 6.899%, 12/01/2040   395,000    521,906 
Municipal Electric Authority of Georgia          
6.637%, 04/01/2057   35,000    47,531 
Port Authority of New York & New Jersey          
6.040%, 12/01/2029   100,000    134,687 
Puerto Rico Commonwealth Government          
Employees Retirement System, Series A          
6.150%, 07/01/2038   475,000    180,818 
6.200%, 07/01/2039   525,000    199,826 
Puerto Rico Commonwealth Government          
Employees Retirement System, Series B          
6.550%, 07/01/2058   195,000    74,143 
Puerto Rico Commonwealth Government          
Employees Retirement System, Series C          
6.300%, 07/01/2043   710,000    270,091 
State of California          
7.300%, 10/01/2039   435,000    663,005 
7.550%, 04/01/2039   295,000    471,159 
7.600%, 11/01/2040   150,000    244,059 
State of Illinois, GO          
5.100%, 06/01/2033   60,000    57,740 
5.665%, 03/01/2018   125,000    131,180 
University of California          
4.601%, 05/15/2031   495,000    578,279 
TOTAL MUNICIPAL BONDS (Cost $3,437,428)       $3,627,450 
           
TERM LOANS (M) - 3.7%          
Consumer discretionary - 1.4%          
Acosta, Inc.          
4.250%, 09/26/2021   98,256    93,343 
Advantage Sales & Marketing, Inc.          
4.250%, 07/23/2021   520,823    513,990 
Aristocrat International Pty, Ltd.          
3.500%, 10/20/2021   88,462    88,715 
BJ’s Wholesale Club, Inc.          
4.500%, 09/26/2019   503,877    504,769 
Boyd Gaming Corp.          
3.845%, 09/15/2023   120,000    120,840 
Charter Communications Operating LLC          
3.500%, 01/24/2023   99,500    100,094 
CityCenter Holdings LLC          
4.250%, 10/16/2020   164,349    165,376 
CSC Holdings LLC          
5.000%, 10/09/2022   164,588    164,759 
Delta 2 Lux Sarl          
4.750%, 07/30/2021   150,000    150,146 
Hilton Worldwide Finance LLC          
3.097%, 10/25/2023   262,721    264,158 
3.500%, 10/26/2020   25,700    25,828 

 

The accompanying notes are an integral part of the financial statements.  
150

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
TERM LOANS (M) (continued)          
Consumer discretionary (continued)          
ION Media Networks, Inc.          
4.750%, 12/18/2020  $170,753   $171,180 
Neiman Marcus Group, Ltd. LLC          
4.250%, 10/25/2020   235,821    216,660 
PetSmart, Inc.          
4.250%, 03/11/2022   53,007    53,068 
Scientific Games International, Inc.          
6.000%, 10/01/2021   112,988    113,160 
Serta Simmons Bedding LLC          
4.250%, 10/01/2019   226,566    227,132 
SRAM LLC          
4.015%, 04/10/2020   251,966    244,407 
The ServiceMaster Company LLC          
4.250%, 07/01/2021   438,768    442,607 
Town Sports International LLC          
4.500%, 11/15/2020   274,881    199,632 
Tribune Media Company          
3.750%, 12/27/2020   400,685    403,314 
         4,263,178 
Consumer staples - 0.2%          
Albertsons LLC          
4.500%, 08/25/2021   178,358    179,655 
Brightview Landscapes LLC          
4.000%, 12/18/2020   238,276    237,680 
Coty, Inc.          
3.750%, 10/27/2022   34,825    35,173 
Galleria Company          
3.750%, 01/26/2023   70,000    70,197 
JBS USA LUX SA          
4.000%, 10/30/2022   109,175    109,039 
         631,744 
Energy - 0.2%          
Arch Coal, Inc.          
5.750%, 05/16/2018 (H)   122,158    93,247 
Avago Technologies Cayman Finance, Ltd.          
3.524%, 02/01/2023   131,570    133,069 
California Resources Corp.          
11.375%, 12/31/2021   110,000    115,432 
Chesapeake Energy Corp.          
8.500%, 08/23/2021   100,000    104,906 
Seadrill Operating LP          
4.000%, 02/21/2021   107,243    53,174 
Western Refining, Inc.          
5.250%, 11/12/2020   145,875    145,420 
         645,248 
Financials - 0.2%          
Asurion LLC          
4.338%, 07/08/2020   383,459    383,459 
8.500%, 03/03/2021   245,000    243,366 
Frank Russell Company          
6.750%, 06/01/2023   119,700    118,653 
         745,478 
Health care - 0.4%          
Brand Energy & Infrastructure          
Services, Inc.          
4.750%, 11/26/2020   199,363    196,932 
Community Health Systems, Inc.          
3.750%, 12/31/2019   37,771    37,042 
3.999%, 01/27/2021   69,497    68,176 

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
TERM LOANS (M) (continued)          
Health care (continued)          
Endo Luxembourg Finance I Company          
Sarl          
3.750%, 09/26/2022  $99,250   $98,974 
Envision Healthcare Corp.          
4.500%, 10/28/2022   104,213    104,622 
Medpace Holdings, Inc.          
4.750%, 04/01/2021   37,358    37,452 
MPH Acquisition Holdings LLC          
5.000%, 06/07/2023   119,597    121,035 
Opal Acquisition, Inc.          
5.000%, 11/27/2020   186,929    174,545 
PRA Holdings, Inc.          
4.500%, 09/23/2020   205,152    205,794 
US Renal Care, Inc.          
5.250%, 12/31/2022   173,688    166,393 
         1,210,965 
Industrials - 0.4%          
AFGlobal Corp.          
5.000%, 12/19/2019   116,415    65,192 
Fly Funding II Sarl          
3.540%, 08/09/2019   142,313    142,490 
Gardner Denver, Inc.          
4.250%, 07/30/2020   388,000    375,390 
Nexeo Solutions LLC          
5.250%, 06/09/2023   114,713    115,215 
RBS Global, Inc.          
4.000%, 08/21/2020   369,513    369,838 
Sensus USA, Inc.          
6.500%, 04/05/2023   129,675    129,999 
The Kenan Advantage Group, Inc.          
4.000%, 07/31/2022   41,960    41,567 
TransDigm, Inc.          
3.750%, 05/14/2022   221,787    221,911 
         1,461,602 
Information technology - 0.3%          
First Data Corp.          
4.275%, 07/08/2022   195,000    196,024 
4.525%, 03/24/2021   112,109    112,887 
NXP BV          
3.750%, 12/07/2020   58,652    58,857 
SS&C European Holdings Sarl          
4.000%, 07/08/2022   9,241    9,305 
SS&C Technologies, Inc.          
4.000%, 07/08/2022   62,823    63,255 
WEX, Inc.          
4.250%, 07/01/2023   199,500    201,661 
Zayo Group LLC          
3.750%, 05/06/2021   351,953    353,421 
         995,410 
Materials - 0.3%          
Berry Plastics Group, Inc.          
3.500%, 01/06/2021   548,197    548,334 
Coveris Holdings SA          
4.500%, 05/08/2019   176,695    176,365 
FMG Resources August 2006 Pty, Ltd.          
3.750%, 06/30/2019   63,775    63,688 
The Chemours Company          
3.750%, 05/12/2022   79,359    78,516 
         866,903 

 

The accompanying notes are an integral part of the financial statements.  
151

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
TERM LOANS (M) (continued)          
Real estate - 0.1%          
DTZ US Borrower LLC          
4.250%, 11/04/2021  $98,750   $98,781 
MGM Growth Properties Operating          
Partnership LP          
4.000%, 04/25/2023   104,475    105,357 
         204,138 
Telecommunication services - 0.1%          
Level 3 Financing, Inc.          
4.000%, 01/15/2020   200,000    200,850 
UPC Financing Partnership          
4.080%, 08/31/2024   140,000    140,449 
         341,299 
Utilities - 0.1%          
Calpine Corp.          
3.840%, 05/31/2023   134,663    135,095 
Texas Competitive Electric Holdings          
Company LLC          
5.000%, 10/31/2017   75,000    75,535 
         210,630 
TOTAL TERM LOANS (Cost $11,767,010)       $11,576,595 
           
COLLATERALIZED MORTGAGE OBLIGATIONS - 11.0%          
Commercial and residential - 10.2%          
Adjustable Rate Mortgage Trust          
Series 2005-10, Class 5A1,          
0.699%, 01/25/2036 (P)   67,619    56,202 
Series 2005-10, Class 6A21,          
0.946%, 01/25/2036 (P)   111,628    95,837 
Alternative Loan Trust          
Series 2005-56, Class 5A1,          
0.759%, 11/25/2035 (P)   131,236    105,323 
Series 2005-72, Class A1,          
0.716%, 01/25/2036 (P)   38,441    31,617 
Series 2006-9T1, Class A1,          
5.750%, 05/25/2036   163,179    126,706 
Series 2007-19, Class 2A1,          
6.500%, 08/25/2037   93,213    61,053 
American Home Mortgage Assets Trust          
Series 2006-2, Class 2A1,          
0.636%, 09/25/2046 (P)   51,843    38,853 
Series 2006-3, Class 2A11,          
1.350%, 10/25/2046 (P)   66,980    46,864 
Series 2007-2, Class A1,          
0.571%, 03/25/2047 (P)   40,396    31,133 
Banc of America Commercial
Mortgage Trust, Series 2007-4,		          
Class A4 5.741%, 02/10/2051 (P)   588,832    600,728 
Banc of America Funding Trust          
Series 2006-C, Class 3A1,          
3.187%, 04/20/2036 (P)   114,208    95,952 
Series 2006-H, Class 6A1,          
0.629%, 10/20/2036 (P)   135,406    113,380 
BBCMS Trust, Series 2013-TYSN,
Class A2 3.756%, 09/05/2032 (S)		   330,000    351,546 
BCAP LLC Trust, Series 2006-AA2,
Class A1 0.616%, 01/25/2037 (P)		   240,307    193,131 
Bear Stearns ALT-A Trust          
Series 2005-10, Class 11A1,          
0.946%, 01/25/2036 (P)   292,740    236,978 

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)          
Commercial and residential (continued)          
Bear Stearns ALT-A Trust (continued)          
Series 2005-9, Class 11A1,          
0.966%, 11/25/2035 (P)  $76,966   $67,782 
Bear Stearns ARM Trust, Series 2005-12,
Class 11A1 2.816%, 02/25/2036 (P)		   38,883    33,259 
Bear Stearns Commercial
Mortgage Securities Trust		          
Series 2007-PW16, Class A4,          
5.720%, 06/11/2040 (P)   213,816    217,135 
Series 2007-T26, Class A4,          
5.471%, 01/12/2045 (P)   285,747    288,365 
Bear Stearns Mortgage Funding Trust,          
Series 2006-AR3, Class 1A1          
0.626%, 10/25/2036 (P)   21,860    17,703 
Chase Mortgage Finance Trust,          
Series 2005-S3, Class A10          
5.500%, 11/25/2035   290,000    276,317 
CHL Mortgage Pass-Through Trust          
Series 2005-2, Class 2A3,          
1.126%, 03/25/2035 (P)   73,334    57,326 
Series 2007-HY1, Class 1A1,          
3.018%, 04/25/2037 (P)   21,797    19,712 
Series 2007-HY4, Class 1A1,          
2.768%, 09/25/2047 (P)   276,442    244,696 
Citigroup Commercial Mortgage Trust          
Series 2008-C7, Class A4,          
6.140%, 12/10/2049 (P)   226,263    233,325 
Series 2014-GC19, Class A4,          
4.023%, 03/10/2047   395,000    438,858 
Series 2014-GC23, Class XA IO,          
1.126%, 07/10/2047   2,481,457    155,924 
Series 2015-GC29, Class AA IO,          
1.172%, 04/10/2048   2,122,955    145,591 
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2007-CD4,		          
Class A4 5.322%, 12/11/2049   366,558    368,123 
Commercial Mortgage Loan Trust,          
Series 2008-LS1, Class A4B          
6.094%, 12/10/2049 (P)   463,327    476,710 
Commercial Mortgage Trust (Bank of
America Merrill Lynch/Deutsche Bank
AG), Series 2013-WWP, Class A2		          
3.424%, 03/10/2031 (S)   800,000    853,172 
Commercial Mortgage Trust (Cantor
Fitzgerald/Deutsche Bank AG)		          
Series 2013-CR9, Class A4,          
4.234%, 07/10/2045 (P)   45,109    50,755 
Series 2014-CR16, Class A4,          
4.051%, 04/10/2047   480,000    533,633 
Series 2014-CR17, Class A5,          
3.977%, 05/10/2047   390,000    431,913 
Series 2015-LC19, Class A4,          
3.183%, 02/10/2048   625,105    659,711 
Commercial Mortgage Trust (Deutsche
Bank AG), Series 2013-300P, Class A1		          
4.353%, 08/10/2030 (S)   260,000    291,768 
Commercial Mortgage Trust (Deutsche
Bank AG/UBS), Series 2014-UBS2,		          
Class A5 3.961%, 03/10/2047   425,000    468,459 
Credit Suisse First Boston Mortgage
Securities Corp., Series 2005-C3,		          
Class AJ 4.771%, 07/15/2037   1,076    1,076 

 

The accompanying notes are an integral part of the financial statements.  
152

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)		          
Commercial and residential (continued)          
CSAIL Commercial Mortgage Trust          
Series 2015-C1, Class A4,          
3.505%, 04/15/2050  $15,000   $16,154 
Series 2015-C2, Class XA IO,          
0.894%, 06/15/2057   5,649,693    303,097 
Deutsche Alt-A Securities Mortgage          
Loan Trust, Series 2007-AR2, Class A1          
0.596%, 03/25/2037 (P)   113,794    83,793 
FREMF Mortgage Trust          
Series 2010-K8, Class B,          
5.416%, 09/25/2043 (P)(S)   520,000    569,826 
Series 2012-K706, Class B,          
4.028%, 11/25/2044 (P)(S)   380,000    395,028 
Series 2014-K503, Class B,          
3.009%, 10/25/2047 (P)(S)   465,000    470,995 
General Electric Capital Assurance          
Company, Series 2003-1, Class A5          
5.743%, 05/12/2035 (P)(S)   338,065    363,316 
GMACM Mortgage Loan Trust          
Series 2005-AR5, Class 4A1,          
3.101%, 09/19/2035 (P)   60,507    55,251 
Series 2006-AR1, Class 1A1,          
3.321%, 04/19/2036 (P)   343,223    305,067 
GS Mortgage Securities Trust          
Series 2012-ALOH, Class A,          
3.551%, 04/10/2034 (S)   670,000    723,850 
Series 2014-GC20, Class A5,          
3.998%, 04/10/2047   395,000    437,385 
GSR Mortgage Loan Trust          
Series 2006-AR1, Class 2A1,          
2.931%, 01/25/2036 (P)   16,187    15,033 
Series 2007-1F, Class 4A1,          
0.746%, 01/25/2037 (P)   231,381    143,247 
HarborView Mortgage Loan Trust          
Series 2005-8, Class 1A2A,          
0.766%, 09/19/2035 (P)   73,758    59,254 
Series 2006-12, Class 2A13,          
0.679%, 12/19/2036 (P)   348,556    259,007 
Series 2006-12, Class 2A2A,          
0.629%, 01/19/2038 (P)   115,537    99,217 
Hilton USA Trust, Series 2013-HLT,          
Class AFX 2.662%, 11/05/2030 (S)   825,000    824,846 
IndyMac INDA Mortgage Loan Trust,          
Series 2006-AR3, Class 1A1          
2.957%, 12/25/2036 (P)   132,330    116,683 
IndyMac INDX Mortgage Loan Trust          
Series 2005-AR13, Class 1A1,          
2.817%, 08/25/2035 (P)   87,677    65,797 
Series 2007-AR15, Class 1A1,          
3.163%, 08/25/2037 (P)   248,964    197,658 
Series 2007-AR9, Class 2A1,          
3.054%, 04/25/2037 (P)   148,094    94,504 
JPMBB Commercial          
Mortgage Securities Trust          
Series 2014-C19, Class A4,          
3.997%, 04/15/2047   395,000    437,235 
Series 2014-C22, Class A4,          
3.801%, 09/15/2047   135,000    147,377 
Series 2015-C28, Class A4,          
3.227%, 10/15/2048   706,000    743,570 

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)          
Commercial and residential (continued)          
JPMorgan Chase Commercial
Mortgage Securities Trust		          
Series 2007-CB19, Class A4,          
5.699%, 02/12/2049 (P)  $450,638   $457,060 
Series 2008-C2, Series A4,          
6.068%, 02/12/2051   412,879    423,449 
Series 2012-WLDN, Class A,          
3.905%, 05/05/2030 (S)   462,843    498,306 
Series 2013-C16, Class A4,          
4.166%, 12/15/2046   323,000    361,311 
Series 2006-LDP9, Class A3,          
5.336%, 05/15/2047   256,908    256,948 
JPMorgan Mortgage Trust,          
Series 2006-A3, Class 3A2          
2.950%, 05/25/2036 (P)   33,500    29,755 
LB-UBS Commercial Mortgage Trust          
Series 2007-C6, Class A4,          
5.858%, 07/15/2040 (P)   472,758    478,536 
Series 2007-C2, Class A3,          
5.430%, 02/15/2040   182,355    183,862 
Lehman XS Trust, Series 2006-16N,          
Class A4A 0.636%, 11/25/2046 (P)   270,280    222,756 
LSTAR Securities Investment Trust          
Series 2015-2, Class A,          
2.439%, 01/01/2020 (P)(S)   641,175    635,655 
Series 2015-4, Class A1,          
2.434%, 04/01/2020 (P)(S)   831,202    820,812 
Series 2015-9, Class A1,          
2.439%, 10/01/2020 (P)(S)   759,383    747,873 
Series 2016-3, Class A,          
2.840%, 09/01/2021 (P)(S)   345,000    339,998 
Merrill Lynch Mortgage Investors Trust,          
Series 2005-A4, Class 1A          
2.804%, 07/25/2035 (P)   278,936    217,214 
Merrill Lynch/Countrywide
Commercial Mortgage Trust		          
Series 2007-5, Class A4,          
5.378%, 08/12/2048   487,655    490,017 
Series 2007-7, Class A4,          
5.739%, 06/12/2050 (P)   507,889    516,379 
Series 2007-9, Class A4,          
5.700%, 09/12/2049   388,879    400,770 
Morgan Stanley Bank of America
Merrill Lynch Trust		          
Series 2014-C14, Class A5,          
4.064%, 02/15/2047   135,000    150,965 
Series 2014-C19, Class XA IO,          
1.155%, 12/15/2047   1,591,636    94,259 
Morgan Stanley Capital I Trust          
Series 2007-IQ14, Class A4,          
5.692%, 04/15/2049 (P)   600,053    606,584 
Series 2007-IQ16, Class A4,          
5.809%, 12/12/2049   323,966    333,117 
Series 2007-T27, Class A4,          
5.820%, 06/11/2042 (P)   143,175    146,153 
Series 2014-MP, Class A,          
3.469%, 08/11/2029 (S)   475,000    503,173 
New Residential Mortgage Loan Trust,          
Series 2016-2A, Class A1          
3.750%, 11/25/2035 (P)(S)   807,121    838,342 

 

The accompanying notes are an integral part of the financial statements.  
153

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)          
Commercial and residential (continued)          
OBP Depositor LLC Trust,          
Series 2010-OBP, Class A          
4.646%, 07/15/2045 (S)  $311,000   $338,948 
Residential Accredits Loans, Inc. Trust          
Series 2006-QO7, Class 1A1,          
1.210%, 09/25/2046 (P)   258,580    183,370 
Series 2007-QH9, Class A1,          
1.667%, 11/25/2037 (P)   139,210    94,750 
RFMSI Series Trust, Series 2007-SA2,          
Class 2A1 3.448%, 04/25/2037 (P)   34,428    29,245 
Sequoia Mortgage Trust, Series 2007-3,          
Class 2AA1 2.713%, 07/20/2037 (P)   27,611    22,237 
Springleaf Mortgage Loan Trust,          
Series 2013-2A, Class M1          
3.520%, 12/25/2065 (P)(S)   605,000    607,656 
Structured Adjustable Rate Mortgage          
Loan Trust, Series 2004-13, Class A2          
0.746%, 09/25/2034 (P)   31,634    27,370 
TBW Mortgage-Backed Trust,          
Series 2006-3, Class 1A          
6.000%, 07/25/2036   193,393    154,910 
Towd Point Mortgage Trust          
Series 2015-3, Class A1B,          
3.000%, 03/25/2054 (P)(S)   78,354    80,001 
Series 2015-4, Class A1B,          
2.750%, 04/26/2055 (P)(S)   289,850    294,344 
Series 2016-2, Class A1A,          
2.750%, 08/25/2055 (P)(S)   579,695    587,328 
Series 2016-3, Class A1,          
2.250%, 08/25/2055 (P)(S)   799,725    799,298 
WaMu Mortgage Pass-
Through Certificates		          
Series 2006-AR11, Class 2A,          
2.178%, 09/25/2046 (P)   204,191    192,185 
Series 2007-HY6, Class 1A1,          
2.355%, 06/25/2037 (P)   37,321    33,337 
Washington Mutual Mortgage Pass-
Through Certificates, Series 2006-5,		          
Class 1A1 1.046%, 07/25/2036 (P)   52,576    29,064 
Wells Fargo Commercial Mortgage Trust          
Series 2014-LC16, Class A5,          
3.817%, 08/15/2050   310,000    339,501 
Series 2015-NXS1, Class D,          
4.104%, 05/15/2048 (P)   40,000    32,784 
Series 2015-NXS1, Class XA IO,          
1.202%, 05/15/2048   2,121,673    146,157 
Series 2015-NXS3, Class XA IO,          
1.191%, 09/15/2057   4,692,651    312,306 
Wells Fargo Mortgage
Backed Securities Trust		          
Series 2005-AR16, Class 4A8,          
2.888%, 10/25/2035 (P)   225,000    214,600 
Series 2006-AR16, Class A1,          
2.737%, 10/25/2036 (P)   194,954    179,711 
WF-RBS Commercial Mortgage Trust          
Series 2014-C19, Class A5,          
4.101%, 03/15/2047   304,634    339,136 
Series 2014-C20, Class A5,          
3.995%, 05/15/2047   600,000    664,532 
Series 2014-LC14, Class A5,          
4.045%, 03/15/2047   600,000    664,091 

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)          
U.S. Government Agency - 0.8%          
Federal Home Loan Mortgage Corp.          
Series 2015-DNA2, Class M2,          
3.046%, 12/25/2027 (P)  $301,500   $307,765 
Series 2015-DNA3, Class M2,          
3.296%, 04/25/2028 (P)   983,000    1,013,340 
Series 2015-HQA1, Class M2,          
3.096%, 03/25/2028 (P)   260,000    266,033 
Series 2016-DNA1, Class M2,          
3.339%, 07/25/2028 (P)   824,000    851,382 
Government National Mortgage
Association, Series 2006-38, Class XS		          
IO 6.816%, 09/16/2035   117,485    22,928 
         2,461,448 
TOTAL COLLATERALIZED MORTGAGE
OBLIGATIONS (Cost $34,150,341)		       $34,025,409 
           
ASSET BACKED SECURITIES - 15.8%          
ABFC Trust, Series 2006-HE1, Class A2D          
0.666%, 01/25/2037 (P)   163,817    107,125 
Apidos CLO XVII          
Series 2014-17A, Class A1A,          
2.133%, 04/17/2026 (P)(S)   1,200,000    1,200,028 
Series 2014-17A, Class A2A,          
2.683%, 04/17/2026 (P)(S)   1,190,000    1,189,993 
Apidos CLO XX, Series 2015-20A,          
Class A1 2.183%, 01/16/2027 (P)(S)   700,000    700,239 
Apidos CLO XXI, Series 2015-21A,          
Class A1 2.063%, 07/18/2027 (P)(S)   1,170,000    1,170,202 
Atlas Senior Loan Fund V, Ltd.,          
Series 2014-1A, Class A          
2.183%, 07/16/2026 (P)(S)   265,000    265,010 
Atlas Senior Loan Fund VI, Ltd.,          
Series 2014-6A, Class A          
2.168%, 10/15/2026 (P)(S)   650,000    650,203 
Avery Point IV CLO, Ltd.,          
Series 2014-1A, Class A          
2.158%, 04/25/2026 (P)(S)   885,000    885,073 
Avery Point VI CLO, Ltd.,          
Series 2015-6A, Class A          
2.083%, 08/05/2027 (P)(S)   1,230,000    1,230,883 
Babson CLO, Ltd., Series 2015-IA,          
Class A 2.064%, 04/20/2027 (P)(S)   1,205,000    1,204,538 
BlueMountain CLO, Ltd., Series 2015-3A,          
Class A1 2.114%, 10/20/2027 (P)(S)   1,040,000    1,040,644 
CAL Funding II, Ltd., Series 2012-1A,          
Class A 3.470%, 10/25/2027 (S)   121,667    119,261 
Carlyle Global Market Strategies          
Series 2012-1AR, Class BR,          
2.424%, 04/20/2022 (P)(S)   350,000    349,045 
Series 2014-4, Class B,          
3.078%, 10/15/2026 (P)(S)   305,000    305,479 
Series 2014-4A, Class A1,          
2.128%, 10/15/2026 (P)(S)   425,000    425,071 
Series 2015-2A, Class A1,          
2.104%, 04/27/2027 (P)(S)   770,000    771,077 
Series 2016-3A, Class A2,          
2.707%, 10/20/2029 (P)(S)   430,000    430,860 
Cent CLO 17, Ltd., Series 2013-17A,          
Class A1 1.916%, 01/30/2025 (P)(S)   665,000    663,550 
Cent CLO 21, Ltd., Series 2014-21A,          
Class A1A 2.124%, 07/27/2026 (P)(S)   595,000    594,993 

 

The accompanying notes are an integral part of the financial statements.  
154

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
ASSET BACKED SECURITIES (continued)          
Cent CLO 22, Ltd., Series 2014-22A,          
Class A1 2.112%, 11/07/2026 (P)(S)  $445,000   $444,540 
Cent CLO 23, Ltd.          
Series 2015-23A, Class A1,          
2.123%, 04/17/2026 (P)(S)   770,000    781,608 
Series 2015-23A, Class A2A,          
2.683%, 04/17/2026 (P)(S)   310,000    309,998 
CIFC Funding, Ltd.          
Series 2012-2A, Class A3R,          
3.336%, 12/05/2024 (P)(S)   505,000    502,302 
Series 2014-2A, Class A1L,          
2.141%, 05/24/2026 (P)(S)   890,000    890,068 
CPS Auto CPS Auto Receivables Trust,          
Series 2013-D, Class A          
1.540%, 07/16/2018 (S)   16,762    16,769 
CPS Auto Trust, Series 2012-C, Class A          
1.820%, 12/16/2019 (S)   46,945    47,007 
Credit Acceptance Auto Loan Trust          
Series 2014-1A, Class A,          
1.550%, 10/15/2021 (S)   319,040    319,049 
Series 2014-2A, Class A,          
1.880%, 03/15/2022 (S)   770,000    771,483 
Dryden Senior Loan Fund,          
Series 2015-38A, Class A          
2.058%, 07/15/2027 (P)(S)   660,000    660,230 
First Franklin Mortgage Loan Trust,          
Series 2006-FF12, Class A5          
0.763%, 09/25/2036 (P)   240,000    167,859 
First Investors Auto Owner Trust          
Series 2013-1A, Class B,          
1.810%, 10/15/2018 (S)   15,069    15,072 
Series 2014-1A, Class A3,          
1.490%, 01/15/2020 (S)   112,290    112,328 
Series 2014-3A, Class A3,          
1.670%, 11/16/2020 (S)   629,418    630,310 
Series 2014-3A, Class B,          
2.390%, 11/16/2020 (S)   170,000    171,211 
Flagship Credit Auto Trust, Series 2014-1,          
Class A 1.210%, 04/15/2019 (S)   31,839    31,851 
Ford Credit Floorplan Master          
Owner Trust A, Series 2014-1, Class B          
1.400%, 02/15/2019   150,000    150,057 
Galaxy XIX CLO, Ltd., Series 2015-19A,          
Class A1A 2.188%, 01/24/2027 (P)(S)   895,000    896,930 
Galaxy XV CLO, Ltd., Series 2013-15A,          
Class A 1.878%, 04/15/2025 (P)(S)   1,140,000    1,134,527 
Galaxy XVII CLO, Ltd., Series 2014-17A,          
Class B 2.728%, 07/15/2026 (P)(S)   530,000    530,225 
GM Financial Automobile Leasing Trust,          
Series 2014-2A, Class B          
1.960%, 03/20/2018 (S)   130,000    130,335 
Green Tree Agency Advance
Funding Trust, Series 2015-T2,		          
Class AT2 3.095%, 10/15/2048 (S)   380,000    380,119 
GSAA Home Equity Trust          
Series 2006-15, Class AF6,          
5.876%, 09/25/2036 (P)   511,592    272,107 
Series 2006-20, Class 2A1A,          
0.496%, 12/25/2046 (P)   485,901    303,691 
Series 2006-10, Class AF3,          
5.985%, 06/25/2036 (P)   206,370    104,765 
GSAA Trust, Series 2005-7, Class AF4          
5.058%, 05/25/2035 (P)   325,000    302,264 

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
ASSET BACKED SECURITIES (continued)          
GSAMP Trust, Series 2007-FM2,          
Class A2B 0.536%, 01/25/2037 (P)  $309,360   $192,349 
Highbridge Loan Management, Ltd.,          
Series 2015-6A, Class A          
2.083%, 05/05/2027 (P)(S)   485,000    484,996 
ING IM CLO, Ltd., Series 2012-1RA,          
Class A2R 2.186%, 03/14/2022 (P)(S)   500,000    500,093 
KKR CLO 15, Ltd., Series 15, Class A1A          
2.353%, 10/18/2028 (P)(S)   645,000    645,123 
Louisiana Local Government
Environmental Facilities & Community
Development Authority,		          
Series 2010-ELL, Class A2          
2.470%, 02/01/2019   115,134    115,400 
Madison Park Funding XI, Ltd.,          
Series 2013-11A, Class A1A          
1.918%, 10/23/2025 (P)(S)   721,165    718,091 
Madison Park Funding XII, Ltd.,          
Series 2014-12A, Class B1          
2.784%, 07/20/2026 (P)(S)   530,000    530,054 
Magnetite IX, Ltd., Series 2014-9A,          
Class A1 2.058%, 07/25/2026 (P)(S)   915,000    915,456 
Magnetite VII, Ltd., Series 2012-7A,          
Class C 5.128%, 01/15/2025 (P)(S)   622,000    622,733 
Magnetite VIII, Ltd., Series 2014-8A,          
Class A 2.108%, 04/15/2026 (P)(S)   625,000    626,313 
Magnetite XII, Ltd., Series 2015-12A,          
Class A 2.128%, 04/15/2027 (P)(S)   555,000    555,093 
Nationstar HECM Loan Trust          
Series 2016-1A, Class A,          
2.981%, 02/25/2026 (S)   298,999    298,780 
Series 2016-2A, Class A,          
2.239%, 06/25/2026 (S)   99,744    99,869 
NRZ Advance Receivables Trust,          
Series 2015-T2, Class AT2          
3.302%, 08/17/2048 (S)   2,035,000    2,040,459 
Oaktree EIF II Series B1, Ltd.,          
Series 2015-B1A, Class A          
2.176%, 02/15/2026 (P)(S)   775,000    775,467 
OCP CLO, Ltd., Series 2015-8A, Class A1          
2.163%, 04/17/2027 (P)(S)   1,065,000    1,065,224 
OHA Credit Partners VII, Ltd.,          
Series 2012-7A, Class A          
2.056%, 11/20/2023 (P)(S)   565,000    565,003 
OHA Credit Partners VIII, Ltd.,          
Series 2013-8A, Class A          
1.754%, 04/20/2025 (P)(S)   856,000    849,775 
OHA Loan Funding, Ltd., Series 2015-1A,          
Class A 2.126%, 02/15/2027 (P)(S)   910,000    910,065 
OneMain Financial Issuance Trust,          
Series 2016-2A, Class A          
4.100%, 03/20/2028 (S)   945,000    972,643 
OZLM XII, Ltd., Series 2015-12A,          
Class A1 2.066%, 04/30/2027 (P)(S)   1,025,000    1,025,312 
Race Point IX CLO, Ltd., Series 2015-9A,          
Class A1 2.138%, 04/15/2027 (P)(S)   945,000    945,299 
Santander Drive Auto Receivables Trust          
Series 2013-5, Class C,          
2.250%, 06/17/2019   109,392    109,849 
Series 2014-1, Class C,          
2.360%, 04/15/2020   470,000    473,509 
Series 2014-4, Class B,          
1.820%, 05/15/2019   178,535    178,874 

 

The accompanying notes are an integral part of the financial statements.  
155

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
ASSET BACKED SECURITIES (continued)          
Santander Drive Auto
Receivables Trust (continued)		          
Series 2015-2, Class B,          
1.830%, 01/15/2020  $735,000   $738,291 
Securitized Asset Backed
Receivables LLC Trust,		          
Series 2006-HE1, Class A2B          
0.536%, 07/25/2036 (P)   177,100    87,312 
Shackleton 2015-VIII CLO, Ltd.,          
Series 2015-8A, Class A1          
2.144%, 10/20/2027 (P)(S)   1,035,000    1,035,641 
SoFi Consumer Loan Program LLC,          
Series 2016-2A, Class A          
3.200%, 10/27/2025 (S)   620,000    621,175 
Sound Point CLO IV, Ltd.,          
Series 2013-3A, Class A          
2.005%, 01/21/2026 (P)(S)   623,000    621,053 
Sound Point CLO VIII, Ltd.,          
Series 2015-1A, Class A          
2.158%, 04/15/2027 (P)(S)   755,000    754,997 
Soundview Home Loan Trust,          
Series 2007-OPT2, Class 2A3          
0.626%, 07/25/2037 (P)   45,000    31,055 
SpringCastle America Funding LLC,          
Series 2014-AA, Class A          
2.700%, 05/25/2023 (S)   328,243    329,302 
Springleaf Funding Trust, Series 2014-AA,          
Class A 2.410%, 12/15/2022 (S)   366,360    366,829 
SPS Servicer Advance Receivables Trust,          
Series 2015-T3, Class AT3          
2.920%, 07/15/2047 (S)   630,000    631,448 
Treman Park CLO, Ltd., Series 2015-1A,          
Class A 2.134%, 04/20/2027 (P)(S)   775,000    775,269 
Venture XXI CLO, Ltd., Series 2015-21A,          
Class A 2.118%, 07/15/2027 (P)(S)   915,000    915,283 
Voya CLO, Ltd.          
Series 2012-3AR, Class BR,          
2.578%, 10/15/2022 (P)(S)   550,000    550,657 
Series 2014-3A, Class A1,          
2.135%, 07/25/2026 (P)(S)   370,000    370,117 
Series 2015-1A, Class A1,          
2.113%, 04/18/2027 (P)(S)   730,000    730,015 
Series 2015-1A, Class A2,          
2.733%, 04/18/2027 (P)(S)   255,000    255,008 
Westlake Automobile Receivables Trust,          
Series 2014-2A, Class B          
1.580%, 04/15/2020 (S)   318,192    318,296 
TOTAL ASSET BACKED SECURITIES (Cost $48,623,037)       $48,727,556 
           
PURCHASED OPTIONS - 0.0%          
Put options - 0.0%          
Over the Counter Option on the CNY vs.
JPY (Expiration Date: 11/10/2016;		          
Strike Price: CNY 14.93; Counterparty:          
Goldman Sachs International) (I)   2,263,000    3,735 
Over the Counter Option on the CNY vs.
JPY (Expiration Date: 11/10/2016;		          
Strike Price: CNY 14.95; Counterparty:          
JPMorgan Chase Bank) (I)   2,263,000    3,899 
Over the Counter Option on the CNY vs.
JPY (Expiration Date: 11/10/2016;		          
Strike Price: CNY 15.14; Counterparty:          
Goldman Sachs International) (I)   2,263,000    5,618 

 

Investment Quality Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value
PURCHASED OPTIONS (continued)          
Put options (continued)          
Over the Counter Option on the USD vs.
PHP (Expiration Date: 10/14/2016;		          
Strike Price: $47.79; Counterparty:          
Goldman Sachs International) (I)  $610,000   $917 
Over the Counter Option on the USD vs.
PHP (Expiration Date: 10/14/2016;		          
Strike Price: $47.81; Counterparty:          
JPMorgan Chase Bank) (I)   1,221,000    1,934 
Over the Counter Option on the USD vs.
PHP (Expiration Date: 10/21/2016;		          
Strike Price: $47.91; Counterparty:          
Bank of America N.A.) (I)   610,000    1,752 
         17,855 
TOTAL PURCHASED OPTIONS (Cost $38,277)       $17,855 
           
SECURITIES LENDING COLLATERAL - 0.2%          
John Hancock          
Collateral Trust, 0.6548% (W)(Y)   72,595    726,432 
TOTAL SECURITIES LENDING
COLLATERAL (Cost $726,415)		       $726,432 
           
SHORT-TERM INVESTMENTS - 12.1%          
Foreign government - 1.1%          
Japan Treasury Discount Bill, 0.000%          
01/11/2017*  JPY 210,000,000    2,072,333 
Romania Treasury Bills          
0.557%, 08/28/2017 *  RON 1,625,000    408,216 
0.572%, 06/26/2017 *   3,360,000    845,102 
         3,325,651 
Repurchase agreement - 11.0%          
Goldman Sachs Tri-Party Repurchase
Agreement dated 09/30/2016 at 0.500%
to be repurchased at $16,600,692 on
10/03/2016, collateralized by
$15,695,651 Federal National Mortgage
Association, 4.000% due 11/01/2045
(valued at $16,932,001,
including interest)		  $16,600,000    16,600,000 
Deutsche Bank Tri-Party Repurchase
Agreement dated 09/30/2016 at 0.510%
to be repurchased at $17,600,748 on
10/03/2016, collateralized by
$17,808,000 U.S. Treasury Notes,
1.625% due 02/15/2026 (valued at
$17,952,089, including interest)		   17,600,000    17,600,000 
         34,200,000 
TOTAL SHORT-TERM INVESTMENTS (Cost $37,438,792)       $37,525,651 
Total Investments (Investment Quality Bond Trust)
(Cost $407,045,582) - 133.5%		       $412,323,495 
Other assets and liabilities, net - (33.5%)        (103,568,553)
TOTAL NET ASSETS - 100.0%       $308,754,942 

 

The accompanying notes are an integral part of the financial statements.  
156

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Lifestyle Aggressive MVP

 

     Shares or
Principal
Amount		   Value 
AFFILIATED INVESTMENT COMPANIES (G) - 96.8%          
Equity - 96.8%          
All Cap Core, Series NAV (QS Investors)   322,806   $9,403,341 
Alpha Opportunities, Series NAV (Wellington)   2,392,926    24,240,339 
Blue Chip Growth, Series NAV (T.
Rowe Price)		   984,348    27,118,775 
Capital Appreciation, Series NAV (Jennison)   1,859,698    22,204,797 
Emerging Markets Value, Series NAV (DFA)   3,559,373    29,720,767 
Equity Income, Series NAV (T. Rowe Price)   2,276,903    35,838,452 
Fundamental Large Cap Value,          
Series NAV (JHAM) (A)(1)   2,022,978    35,503,270 
International Core, Series NAV (GMO)   2,322,438    22,806,338 
International Growth Opportunities,          
Series NAV (Baillie Gifford)   642,544    8,500,852 
International Growth Stock,          
Series NAV (Invesco)   982,667    15,958,520 
International Value, Series NAV (Templeton)   2,015,709    24,732,749 
Mid Cap Stock, Series NAV (Wellington)   876,942    13,005,050 
Mid Value, Series NAV (T. Rowe Price)   819,913    8,904,259 
Multifactor Large Cap ETF (DFA)   143,309    4,042,747 
Multifactor Mid Cap ETF (DFA)   72,509    2,013,575 
Real Estate Securities, Series NAV (Deutsche)   350,764    6,955,645 
Small Cap Growth, Series NAV (Wellington)   434,778    3,504,307 
Small Cap Opportunities,          
Series NAV (DFA/Invesco)   169,015    4,766,234 
Small Cap Value, Series NAV (Wellington)   122,023    2,330,639 
Small Company Growth, Series NAV (Invesco)   91,710    2,289,086 
Small Company Value, Series NAV (T.          
Rowe Price)   139,925    2,718,738 
Strategic Equity Allocation,          
Series NAV (JHAM) (A)(1)   336,016    5,604,753 
Strategic Growth, Class NAV (JHAM) (A)(1)   1,371,227    22,186,447 
U.S. Equity, Series NAV (GMO)   966,573    17,388,654 
TOTAL AFFILIATED INVESTMENT          
COMPANIES (Cost $351,478,293)       $351,738,334 
           
SHORT-TERM INVESTMENTS - 0.7%          
U.S. Government - 0.7%          
U.S. Treasury Bond          
3.250%, 12/31/2016  $1,000,000   $1,007,197 
U.S. Treasury Notes          
0.750%, 03/15/2017   500,000    500,674 
0.875%, 02/28/2017   250,000    250,525 
3.125%, 01/31/2017   500,000    504,566 
4.625%, 11/15/2016   250,000    251,294 
         2,514,256 
TOTAL SHORT-TERM INVESTMENTS (Cost $2,527,589)       $2,514,256 
Total Investments (Lifestyle Aggressive MVP)          
(Cost $354,005,882) - 97.5%       $354,252,590 
Other assets and liabilities, net - 2.5%        9,219,137 
TOTAL NET ASSETS - 100.0%       $363,471,727 

 

Lifestyle Aggressive PS Series

 

     Shares or
Principal
Amount		   Value
AFFILIATED INVESTMENT COMPANIES (G) - 82.5%          
Equity - 82.5%          
Strategic Equity Allocation,          
Series NAV (JHAM) (A)(1)   1,142,027   $19,049,013 
TOTAL AFFILIATED INVESTMENT          
COMPANIES (Cost $19,278,122)       $19,049,013 
           
UNAFFILIATED INVESTMENT COMPANIES - 17.6%          
Exchange-traded funds - 17.6%          
Financial Select Sector SPDR Fund   21,188    408,928 
Vanguard Energy ETF   3,013    294,340 
Vanguard FTSE Emerging Markets ETF   32,158    1,210,112 
Vanguard Health Care ETF   1,204    160,000 
Vanguard Information Technology ETF   4,814    579,461 
Vanguard Materials ETF   904    96,656 
Vanguard Mid-Cap ETF   5,443    704,542 
Vanguard REIT ETF   2,583    224,049 
Vanguard Small-Cap ETF   3,081    376,437 
TOTAL UNAFFILIATED INVESTMENT          
COMPANIES (Cost $4,010,043)       $4,054,525 
Total Investments (Lifestyle Aggressive PS Series)          
(Cost $23,288,165) - 100.1%       $23,103,538 
Other assets and liabilities, net - (0.1%)        (23,710)
TOTAL NET ASSETS - 100.0%       $23,079,828 

 

Lifestyle Balanced MVP

 

     Shares or
Principal
Amount		   Value 
AFFILIATED INVESTMENT COMPANIES (G) - 99.2%          
Equity - 51.2%          
All Cap Core, Series NAV (QS Investors)   2,071,873   $60,353,671 
Alpha Opportunities, Series NAV (Wellington)   17,639,763    178,690,798 
Blue Chip Growth, Series NAV (T.          
Rowe Price)   6,038,241    166,353,547 
Capital Appreciation, Series NAV (Jennison)   12,551,531    149,865,279 
Emerging Markets Value, Series NAV (DFA)   30,232,579    252,442,034 
Equity Income, Series NAV (T. Rowe Price)   15,527,861    244,408,539 
Fundamental Large Cap Value,          
Series NAV (JHAM) (A)(1)   12,621,253    221,502,995 
International Core, Series NAV (GMO)   14,351,363    140,930,385 
International Growth Opportunities,          
Series NAV (Baillie Gifford)   4,248,997    56,214,233 
International Growth Stock,          
Series NAV (Invesco)   6,254,171    101,567,737 
International Value, Series NAV (Templeton)   12,372,603    151,811,837 
Mid Cap Stock, Series NAV (Wellington)   7,597,442    112,670,072 
Mid Value, Series NAV (T. Rowe Price)   10,374,831    112,670,661 
Multifactor Large Cap ETF (DFA)   3,147,462    88,789,903 
Multifactor Mid Cap ETF (DFA)   1,604,590    44,559,464 
Small Cap Growth, Series NAV (Wellington)   5,893,836    47,504,322 
Small Cap Value, Series NAV (Wellington)   2,476,664    47,304,287 
Small Company Growth, Series NAV (Invesco)   1,558,346    38,896,315 
Small Company Value, Series NAV (T.          
Rowe Price)   2,886,785    56,090,229 
Strategic Equity Allocation,          
Series NAV (JHAM) (A)(1)   99,723,445    1,663,387,065 
Strategic Growth, Class NAV (JHAM) (A)(1)   9,235,006    149,422,403 
U.S. Equity, Series NAV (GMO)   3,916,054    70,449,811 
         4,155,885,587 

 

The accompanying notes are an integral part of the financial statements.  
157

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Lifestyle Balanced MVP (continued)

 

     Shares or
Principal
Amount		   Value 
AFFILIATED INVESTMENT COMPANIES (G) (continued)          
Fixed income - 47.6%          
Bond, Series NAV (JHAM) (A)(1)   175,481,340   $2,453,229,134 
Core Bond, Series NAV (Wells Capital)   24,461,059    333,893,458 
Global Bond, Series NAV (PIMCO) (I)   12,438,724    163,444,838 
New Income, Series NAV (T. Rowe Price)   43,867,406    578,611,081 
Short Term Government Income,          
Series NAV (JHAM) (A)(1)   4,497,459    55,813,465 
Total Return, Class NAV (PIMCO)   20,570,916    281,410,128 
         3,866,402,104 
Alternative - 0.4%          
Global Conservative Absolute Return,          
Class NAV (Standard Life)   3,715,472    36,448,781 
TOTAL AFFILIATED INVESTMENT          
COMPANIES (Cost $7,663,362,804)       $8,058,736,472 
           
SHORT-TERM INVESTMENTS - 0.6%          
Commercial paper - 0.2%          
Bank of Tokyo-Mitsubishi UFJ, Ltd.          
0.550%, 10/19/2016*  $725,000   $724,817 
Barclays Bank PLC          
0.660%, 10/25/2016*   2,775,000    2,774,254 
CPPIB Capital, Inc.          
0.500%, 10/17/2016*   3,500,000    3,499,327 
John Deere Credit, Ltd.          
0.440%, 10/03/2016*   2,725,000    2,724,923 
Manhattan Asset Funding Company LLC          
0.630%, 10/26/2016*   2,775,000    2,773,894 
Piedmont Natural Gas Company, Inc.          
0.540%, 10/06/2016*   2,050,000    2,049,868 
         14,547,083 
U.S. Government - 0.3%          
U.S. Treasury Bond          
3.250%, 12/31/2016   6,000,000    6,043,182 
U.S. Treasury Notes          
0.875%, 02/28/2017   5,000,000    5,010,505 
3.125%, 01/31/2017   9,000,000    9,082,188 
4.625%, 11/15/2016   7,000,000    7,036,239 
         27,172,114 
Money market funds - 0.1%          
State Street Institutional U.S. Government          
Money Market Fund, Premier          
Class, 0.2692% (Y)   7,759,611   $7,759,611 
TOTAL SHORT-TERM INVESTMENTS (Cost $49,618,556)       $49,478,808 
Total Investments (Lifestyle Balanced MVP)          
(Cost $7,712,981,360) - 99.8%       $8,108,215,280 
Other assets and liabilities, net - 0.2%        14,331,404 
TOTAL NET ASSETS - 100.0%       $8,122,546,684 

 

Lifestyle Balanced PS Series

 

     Shares or
Principal
Amount		   Value 
AFFILIATED INVESTMENT COMPANIES (G) - 100.0%          
Equity - 50.2%          
Strategic Equity Allocation,          
Series NAV (JHAM) (A)(1)   30,565,797   $509,837,489 

 

Lifestyle Balanced PS Series (continued)

 

     Shares or
Principal
Amount		   Value 
AFFILIATED INVESTMENT COMPANIES (G) (continued)          
Fixed income - 49.8%          
Bond, Series NAV (JHAM) (A)(1)   36,241,301   $506,653,393 
TOTAL AFFILIATED INVESTMENT          
COMPANIES (Cost $1,005,545,101)       $1,016,490,882 
Total Investments (Lifestyle Balanced PS Series)          
(Cost $1,005,545,101) - 100.0%       $1,016,490,882 
Other assets and liabilities, net - 0.0%        (33,941)
TOTAL NET ASSETS - 100.0%       $1,016,456,941 

 

Lifestyle Conservative MVP

 

     Shares or
Principal
Amount		   Value 
AFFILIATED INVESTMENT COMPANIES (G) - 99.1%          
Equity - 19.9%          
Blue Chip Growth, Series NAV (T.          
Rowe Price)   682,927   $18,814,635 
Capital Appreciation, Series NAV (Jennison)   863,646    10,311,935 
Equity Income, Series NAV (T. Rowe Price)   1,855,207    29,200,963 
Fundamental All Cap Core,          
Series NAV (JHAM) (A)(1)   2,417,201    36,789,803 
International Core, Series NAV (GMO)   2,111,680    20,736,693 
International Growth Opportunities,          
Series NAV (Baillie Gifford)   281,918    3,729,777 
International Growth Stock,          
Series NAV (Invesco)   368,269    5,980,693 
International Value, Series NAV (Templeton)   1,810,812    22,218,662 
Mid Cap Stock, Series NAV (Wellington)   638,539    9,469,539 
Mid Value, Series NAV (T. Rowe Price)   875,086    9,503,436 
Small Cap Growth, Series NAV (Wellington)   938,609    7,565,188 
Small Cap Value, Series NAV (Wellington)   648,861    12,393,238 
Strategic Equity Allocation,          
Series NAV (JHAM) (A)(1)   7,449,743    124,261,708 
         310,976,270 
Fixed income - 78.4%          
Bond, Series NAV (JHAM) (A)(1)   55,847,024    780,741,389 
Core Bond, Series NAV (Wells Capital)   7,661,191    104,575,255 
Global Bond, Series NAV (PIMCO) (I)   3,972,895    52,203,835 
New Income, Series NAV (T. Rowe Price)   13,802,439    182,054,174 
Short Term Government Income,          
Series NAV (JHAM) (A)(1)   1,380,870    17,136,595 
Total Return, Class NAV (PIMCO)   6,467,947    88,481,513 
         1,225,192,761 
Alternative - 0.8%          
Global Conservative Absolute Return,          
Class NAV (Standard Life)   1,215,051    11,919,649 
TOTAL AFFILIATED INVESTMENT          
COMPANIES (Cost $1,534,496,837)       $1,548,088,680 
           
SHORT-TERM INVESTMENTS - 0.5%          
Commercial paper - 0.2%          
Bank of Tokyo-Mitsubishi UFJ, Ltd. 0.550%,          
10/19/2016 *  $550,000   $549,861 
Barclays Bank PLC 0.660%, 10/25/2016 *   565,000    564,848 
Henkel Corp. 0.550%, 11/04/2016 *   500,000    499,768 
John Deere Credit, Ltd. 0.440%, 10/03/2016 *   550,000    549,984 
Manhattan Asset Funding Company LLC          
0.630%, 10/26/2016 *   565,000    564,775 

 

The accompanying notes are an integral part of the financial statements.  
158

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Lifestyle Conservative MVP (continued)

 

     Shares or
Principal
Amount		   Value 
SHORT-TERM INVESTMENTS (continued)          
Commercial paper (continued)          
Piedmont Natural Gas Company, Inc. 0.540%,          
10/06/2016 *  $535,000   $534,966 
         3,264,202 
U.S. Government - 0.3%          
U.S. Treasury Notes          
0.875%, 02/28/2017   1,000,000    1,002,101 
1.000%, 10/31/2016   1,000,000    1,000,661 
3.125%, 01/31/2017   1,000,000    1,009,132 
4.625%, 11/15/2016   2,000,000    2,010,354 
         5,022,248 
TOTAL SHORT-TERM INVESTMENTS (Cost $8,323,917)       $8,286,450 
Total Investments (Lifestyle Conservative MVP)          
(Cost $1,542,820,754) - 99.6%       $1,556,375,130 
Other assets and liabilities, net - 0.4%        6,093,001 
TOTAL NET ASSETS - 100.0%       $1,562,468,131 

 

Lifestyle Conservative PS Series

 

     Shares or
Principal
Amount		   Value
AFFILIATED INVESTMENT COMPANIES (G) - 100.0%          
Equity - 20.0%          
Strategic Equity Allocation,          
Series NAV (JHAM) (A)(1)   2,464,309   $41,104,680 
Fixed income - 80.0%          
Bond, Series NAV (JHAM) (A)(1)   11,768,261    164,520,292 
TOTAL AFFILIATED INVESTMENT          
COMPANIES (Cost $201,592,295)       $205,624,972 
Total Investments (Lifestyle Conservative PS Series)          
(Cost $201,592,295) - 100.0%       $205,624,972 
Other assets and liabilities, net - 0.0%        (28,668)
TOTAL NET ASSETS - 100.0%       $205,596,304 

 

Lifestyle Growth MVP

 

     Shares or
Principal
Amount		   Value 
AFFILIATED INVESTMENT COMPANIES (G) - 98.3%          
Equity - 72.8%          
All Cap Core, Series NAV (QS Investors)   2,654,905   $77,337,369 
Alpha Opportunities, Series NAV (Wellington)   31,793,020    322,063,296 
Blue Chip Growth, Series NAV (T.          
Rowe Price)   10,993,353    302,866,871 
Capital Appreciation, Series NAV (Jennison)   22,687,009    270,882,890 
Emerging Markets Value, Series NAV (DFA)   45,165,153    377,129,024 
Equity Income, Series NAV (T. Rowe Price)   27,497,137    432,804,938 
Fundamental Large Cap Value,          
Series NAV (JHAM) (A)(1)   23,408,065    410,811,549 
International Core, Series NAV (GMO)   25,781,941    253,178,657 
International Growth Opportunities,          
Series NAV (Baillie Gifford)   8,062,300    106,664,226 
International Growth Stock,          
Series NAV (Invesco)   11,263,640    182,921,521 

 

Lifestyle Growth MVP (continued)

 

     Shares or
Principal
Amount		   Value 
AFFILIATED INVESTMENT COMPANIES (G) (continued)          
Equity (continued)          
International Value, Series NAV (Templeton)   23,529,345   $288,705,067 
Mid Cap Stock, Series NAV (Wellington)   9,166,179    135,934,435 
Mid Value, Series NAV (T. Rowe Price)   12,609,626    136,940,537 
Multifactor Large Cap ETF (DFA)   3,839,096    108,300,898 
Multifactor Mid Cap ETF (DFA)   1,948,371    54,106,263 
Small Cap Growth, Series NAV (Wellington)   8,799,564    70,924,482 
Small Cap Opportunities,          
Series NAV (DFA/Invesco)   2,091,408    58,977,696 
Small Cap Value, Series NAV (Wellington)   2,983,013    56,975,554 
Small Company Growth, Series NAV (Invesco)   2,322,580    57,971,594 
Small Company Value, Series NAV (T.          
Rowe Price)   4,321,112    83,959,208 
Strategic Equity Allocation,          
Series NAV (JHAM) (A)(1)   167,929,561    2,801,065,081 
Strategic Growth, Class NAV (JHAM) (A)(1)   16,729,681    270,686,246 
U.S. Equity, Series NAV (GMO)   12,130,268    218,223,513 
         7,079,430,915 
Fixed income - 25.1%          
Bond, Series NAV (JHAM) (A)(1)   101,770,330    1,422,749,214 
Core Bond, Series NAV (Wells Capital)   17,776,894    242,654,600 
Global Bond, Series NAV (PIMCO) (I)   9,022,983    118,561,991 
New Income, Series NAV (T. Rowe Price)   31,838,645    419,951,734 
Short Term Government Income,          
Series NAV (JHAM) (A)(1)   2,788,946    34,610,816 
Total Return, Class NAV (PIMCO)   14,879,580    203,552,660 
         2,442,081,015 
Alternative - 0.4%          
Global Conservative Absolute Return,          
Class NAV (Standard Life)   3,982,705    39,070,336 
TOTAL AFFILIATED INVESTMENT          
COMPANIES (Cost $8,806,970,093)       $9,560,582,266 
           
SHORT-TERM INVESTMENTS - 0.8%          
Commercial paper - 0.1%          
Bank of Tokyo-Mitsubishi UFJ, Ltd. 0.550%,          
10/19/2016 *  $2,875,000   $2,874,273 
Barclays Bank PLC 0.660%, 10/25/2016 *   2,860,000    2,859,231 
John Deere Credit, Ltd. 0.440%, 10/03/2016 *   2,875,000    2,874,919 
Manhattan Asset Funding Company LLC          
0.630%, 10/26/2016 *   2,860,000    2,858,860 
Piedmont Natural Gas Company, Inc. 0.540%,          
10/06/2016 *   1,650,000    1,649,894 
         13,117,177 
U.S. Government - 0.2%          
U.S. Treasury Notes          
0.750%, 03/15/2017   5,000,000    5,006,735 
0.875%, 02/28/2017   10,000,000    10,021,010 
3.125%, 01/31/2017   750,000    756,849 
         15,784,594 

 

The accompanying notes are an integral part of the financial statements.  
159

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Lifestyle Growth MVP (continued)

 

     Shares or
Principal
Amount		   Value 
SHORT-TERM INVESTMENTS (continued)          
Money market funds - 0.5%          
State Street Institutional U.S. Government          
Money Market Fund, Premier          
Class, 0.2692% (Y)   47,380,571   $47,380,571 
         47,380,571 
TOTAL SHORT-TERM INVESTMENTS (Cost $76,285,056)       $76,282,342 
Total Investments (Lifestyle Growth MVP)          
(Cost $8,883,255,149) - 99.1%       $9,636,864,608 
Other assets and liabilities, net - 0.9%        91,710,203 
TOTAL NET ASSETS - 100.0%       $9,728,574,811 

 

Lifestyle Growth PS Series

 

     Shares or
Principal
Amount		   Value
AFFILIATED INVESTMENT COMPANIES (G) - 100.0%          
Equity - 70.1%          
Strategic Equity Allocation,          
Series NAV (JHAM) (A)(1)   85,331,359   $1,423,327,073 
Fixed income - 29.9%          
Bond, Series NAV (JHAM) (A)(1)   43,474,852    607,778,431 
TOTAL AFFILIATED INVESTMENT          
COMPANIES (Cost $2,028,206,551)       $2,031,105,504 
Total Investments (Lifestyle Growth PS Series)          
(Cost $2,028,206,551) - 100.0%       $2,031,105,504 
Other assets and liabilities, net - 0.0%        (38,461)
TOTAL NET ASSETS - 100.0%       $2,031,067,043 

 

Lifestyle Moderate MVP

 

   Shares or
Principal
Amount		   Value 
AFFILIATED INVESTMENT COMPANIES (G) - 99.2%          
Equity - 40.0%          
Alpha Opportunities, Series NAV (Wellington)   4,432,280   $44,898,996 
Blue Chip Growth, Series NAV (T.          
Rowe Price)   1,666,833    45,921,258 
Capital Appreciation, Series NAV (Jennison)   1,880,295    22,450,718 
Equity Income, Series NAV (T. Rowe Price)   5,786,304    91,076,429 
Fundamental All Cap Core,          
Series NAV (JHAM) (A)(1)   5,013,696    76,308,451 
International Core, Series NAV (GMO)   5,309,327    52,137,593 
International Growth Opportunities,          
Series NAV (Baillie Gifford)   1,416,621    18,741,894 
International Growth Stock,          
Series NAV (Invesco)   2,100,353    34,109,729 
International Value, Series NAV (Templeton)   4,891,455    60,018,149 
Mid Cap Stock, Series NAV (Wellington)   1,513,872    22,450,718 
Mid Value, Series NAV (T. Rowe Price)   2,090,650    22,704,454 
Small Cap Growth, Series NAV (Wellington)   1,450,289    11,689,330 
Small Cap Value, Series NAV (Wellington)   660,430    12,614,215 
Small Company Growth, Series NAV (Invesco)   367,899    9,182,761 
Small Company Value, Series NAV (T.          
Rowe Price)   716,582    13,923,180 

 

Lifestyle Moderate MVP (continued)

 

     Shares or
Principal
Amount		   Value 
AFFILIATED INVESTMENT COMPANIES (G) (continued)          
Equity (continued)          
Strategic Equity Allocation,          
Series NAV (JHAM) (A)(1)   23,369,163   $389,797,640 
Strategic Growth, Class NAV (JHAM) (A)(1)   1,387,560    22,450,718 
U.S. Equity, Series NAV (GMO)   1,276,300    22,960,629 
         973,436,862 
Fixed income - 58.6%          
Bond, Series NAV (JHAM) (A)(1)   65,057,592    909,505,138 
Core Bond, Series NAV (Wells Capital)   9,009,253    122,976,298 
Global Bond, Series NAV (PIMCO) (I)   4,511,806    59,285,132 
New Income, Series NAV (T. Rowe Price)   16,129,864    212,752,909 
Short Term Government Income,          
Series NAV (JHAM) (A)(1)   1,525,443    18,930,744 
Total Return, Class NAV (PIMCO)   7,518,547    102,853,721 
         1,426,303,942 
Alternative - 0.6%          
Global Conservative Absolute Return,          
Class NAV (Standard Life)   1,446,937    14,194,448 
TOTAL AFFILIATED INVESTMENT          
COMPANIES (Cost $2,310,387,121)       $2,413,935,252 
           
SHORT-TERM INVESTMENTS - 0.7%          
Commercial paper - 0.2%          
Bank of Tokyo-Mitsubishi UFJ, Ltd. 0.550%,          
10/19/2016 *  $850,000   $849,785 
Barclays Bank PLC 0.660%, 10/25/2016 *   800,000    799,785 
CPPIB Capital, Inc. 0.500%, 10/17/2016 *   1,000,000    999,808 
John Deere Credit, Inc. 0.440%, 10/03/2016 *   850,000    849,976 
Manhattan Asset Funding Company LLC          
0.630%, 10/26/2016 *   800,000    799,681 
Piedmont Natural Gas Company, Inc. 0.540%,          
10/06/2016 *   765,000    764,951 
         5,063,986 
U.S. Government - 0.3%          
U.S. Treasury Bond 3.250%, 12/31/2016   2,000,000    2,014,394 
U.S. Treasury Notes          
1.000%, 10/31/2016   2,000,000    2,001,322 
3.125%, 01/31/2017   1,000,000    1,009,132 
4.625%, 11/15/2016   2,500,000    2,512,943 
         7,537,791 
Money market funds - 0.2%          
State Street Institutional U.S. Government          
Money Market Fund, Premier          
Class, 0.2692% (Y)   4,975,849   $4,975,849 
TOTAL SHORT-TERM INVESTMENTS (Cost $17,635,550)       $17,577,626 
Total Investments (Lifestyle Moderate MVP)          
(Cost $2,328,022,671) - 99.9%       $2,431,512,878 
Other assets and liabilities, net - 0.1%        2,404,708 
TOTAL NET ASSETS - 100.0%       $2,433,917,586 

 

The accompanying notes are an integral part of the financial statements.  
160

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Lifestyle Moderate PS Series

 

     Shares or
Principal
Amount		   Value
AFFILIATED INVESTMENT COMPANIES (G) - 100.0%          
Equity - 40.1%          
Strategic Equity Allocation,          
Series NAV (JHAM) (A)(1)   7,975,750   $133,035,509 
Fixed income - 59.9%          
Bond, Series NAV (JHAM) (A)(1)   14,213,372    198,702,943 
TOTAL AFFILIATED INVESTMENT          
COMPANIES (Cost $326,978,900)       $331,738,452 
Total Investments (Lifestyle Moderate PS Series)          
(Cost $326,978,900) - 100.0%       $331,738,452 
Other assets and liabilities, net - 0.0%        (29,880)
TOTAL NET ASSETS - 100.0%       $331,708,572 

 

Mid Cap Index Trust

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS - 97.2%          
Consumer discretionary - 11.3%          
Auto components - 0.5%          
Dana, Inc.   86,322   $1,345,760 
Gentex Corp.   172,641    3,031,576 
         4,377,336 
Automobiles - 0.3%          
Thor Industries, Inc.   28,751    2,435,210 
Distributors - 0.2%          
Pool Corp.   25,311    2,392,396 
Diversified consumer services - 0.7%          
DeVry Education Group, Inc. (L)   34,160    787,730 
Graham Holdings Company, Class B   2,800    1,347,836 
Service Corp. International   116,564    3,093,609 
Sotheby’s (L)   28,875    1,097,828 
         6,327,003 
Hotels, restaurants and leisure - 2.4%          
Brinker International, Inc.   33,064    1,667,418 
Buffalo Wild Wings, Inc. (I)   11,009    1,549,407 
Churchill Downs, Inc.   7,490    1,096,162 
Cracker Barrel Old Country Store, Inc. (L)   14,414    1,905,819 
Domino’s Pizza, Inc.   29,050    4,411,243 
Dunkin’ Brands Group, Inc.   55,228    2,876,274 
International Speedway Corp., Class A   15,596    521,218 
Jack in the Box, Inc.   19,673    1,887,428 
Panera Bread Company, Class A (I)   13,402    2,609,637 
Texas Roadhouse, Inc.   38,592    1,506,246 
The Cheesecake Factory, Inc.   26,921    1,347,665 
The Wendy’s Company   122,679    1,324,933 
         22,703,450 
Household durables - 1.6%          
CalAtlantic Group, Inc.   44,902    1,501,523 
Helen of Troy, Ltd. (I)   16,758    1,444,037 
KB Home (L)   49,802    802,808 
NVR, Inc. (I)   2,181    3,576,556 
Tempur Sealy International, Inc. (I)(L)   30,592    1,735,790 
Toll Brothers, Inc. (I)   90,848    2,712,721 
TRI Pointe Group, Inc. (I)   88,000    1,159,840 
Tupperware Brands Corp.   30,423    1,988,752 
         14,922,027 

 

Mid Cap Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Internet and direct marketing retail - 0.1%          
HSN, Inc.   19,189   $763,722 
Leisure products - 0.7%          
Brunswick Corp.   54,312    2,649,339 
Polaris Industries, Inc. (L)   35,881    2,778,625 
Vista Outdoor, Inc. (I)   36,325    1,447,915 
         6,875,879 
Media - 1.3%          
AMC Networks, Inc., Class A (I)   36,150    1,874,739 
Cable One, Inc.   2,823    1,648,632 
Cinemark Holdings, Inc.   63,662    2,436,981 
John Wiley & Sons, Inc., Class A   26,937    1,390,219 
Live Nation Entertainment, Inc. (I)   79,460    2,183,561 
Meredith Corp.   21,941    1,140,713 
The New York Times Company, Class A   73,305    875,995 
Time, Inc.   60,261    872,579 
         12,423,419 
Multiline retail - 0.3%          
Big Lots, Inc.   26,712    1,275,498 
J.C. Penney Company, Inc. (I)(L)   185,244    1,707,950 
         2,983,448 
Specialty retail - 2.4%          
Aaron’s, Inc.   38,988    991,075 
Abercrombie & Fitch Company, Class A   40,732    647,231 
American Eagle Outfitters, Inc. (L)   102,854    1,836,972 
Ascena Retail Group, Inc. (I)   100,417    561,331 
Cabela’s, Inc. (I)   30,909    1,697,831 
Chico’s FAS, Inc.   79,482    945,836 
CST Brands, Inc.   45,561    2,191,028 
Dick’s Sporting Goods, Inc.   52,981    3,005,082 
GameStop Corp., Class A (L)   62,576    1,726,472 
Guess?, Inc.   37,078    541,710 
Murphy USA, Inc. (I)   22,161    1,581,409 
Office Depot, Inc.   327,431    1,168,929 
Restoration Hardware Holdings, Inc. (I)(L)   22,977    794,545 
Sally Beauty Holdings, Inc. (I)   88,370    2,269,342 
Williams-Sonoma, Inc. (L)   49,375    2,522,075 
         22,480,868 
Textiles, apparel and luxury goods - 0.8%          
Carter’s, Inc.   30,135    2,613,006 
Deckers Outdoor Corp. (I)   19,288    1,148,600 
Fossil Group, Inc. (I)(L)   25,208    700,026 
Kate Spade & Company (I)   77,070    1,320,209 
Skechers U.S.A., Inc., Class A (I)   80,255    1,837,840 
         7,619,681 
         106,304,439 
Consumer staples - 4.1%          
Beverages - 0.1%          
The Boston Beer Company, Inc., Class A (I)   5,433    843,528 
Food and staples retailing - 0.6%          
Casey’s General Stores, Inc.   23,586    2,833,858 
Sprouts Farmers Market, Inc. (I)   83,990    1,734,394 
United Natural Foods, Inc. (I)   30,329    1,214,373 
         5,782,625 
Food products - 2.8%          
Dean Foods Company   54,487    893,587 
Flowers Foods, Inc. (L)   109,591    1,657,016 
Ingredion, Inc.   43,453    5,781,856 
Lancaster Colony Corp.   11,723    1,548,491 

 

The accompanying notes are an integral part of the financial statements.  
161

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Mid Cap Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Food products (continued)          
Post Holdings, Inc. (I)   38,919   $3,003,379 
Snyder’s-Lance, Inc.   51,475    1,728,531 
The Hain Celestial Group, Inc. (I)   62,274    2,215,709 
The WhiteWave Foods Company (I)   106,669    5,805,994 
Tootsie Roll Industries, Inc. (L)   10,555    388,741 
TreeHouse Foods, Inc. (I)   34,143    2,976,928 
         26,000,232 
Household products - 0.2%          
Energizer Holdings, Inc.   37,266    1,861,809 
Personal products - 0.4%          
Avon Products, Inc.   263,072    1,488,988 
Edgewell Personal Care Company (I)   35,488    2,822,006 
         4,310,994 
         38,799,188 
Energy - 3.8%          
Energy equipment and services - 1.5%          
Diamond Offshore Drilling, Inc.   35,360    622,690 
Dril-Quip, Inc. (I)   22,618    1,260,727 
Ensco PLC, Class A   181,430    1,542,155 
Nabors Industries, Ltd.   170,586    2,074,326 
Noble Corp. PLC   146,411    928,246 
Oceaneering International, Inc.   59,030    1,623,915 
Oil States International, Inc. (I)   30,910    975,829 
Patterson-UTI Energy, Inc.   88,934    1,989,454 
Rowan Companies PLC, Class A   75,500    1,144,580 
Superior Energy Services, Inc.   91,320    1,634,628 
         13,796,550 
Oil, gas and consumable fuels - 2.3%          
CONSOL Energy, Inc. (L)   106,352    2,041,958 
Denbury Resources, Inc. (I)(L)   239,779    774,486 
Energen Corp.   58,434    3,372,810 
Gulfport Energy Corp. (I)   75,468    2,131,971 
HollyFrontier Corp.   106,257    2,603,297 
QEP Resources, Inc.   144,240    2,817,007 
SM Energy Company   52,292    2,017,425 
Western Refining, Inc.   47,644    1,260,660 
World Fuel Services Corp.   42,404    1,961,609 
WPX Energy, Inc. (I)   207,284    2,734,076 
         21,715,299 
         35,511,849 
Financials - 14.7%          
Banks - 5.7%          
Associated Banc-Corp.   89,445    1,752,228 
BancorpSouth, Inc.   51,804    1,201,853 
Bank of Hawaii Corp.   25,805    1,873,959 
Bank of the Ozarks, Inc.   54,677    2,099,597 
Cathay General Bancorp   44,626    1,373,588 
Chemical Financial Corp.   42,121    1,858,800 
Commerce Bancshares, Inc.   49,989    2,462,458 
Cullen/Frost Bankers, Inc. (L)   33,274    2,393,732 
East West Bancorp, Inc.   86,744    3,184,372 
First Horizon National Corp.   139,661    2,127,037 
FNB Corp.   126,485    1,555,766 
Fulton Financial Corp.   104,185    1,512,766 
Hancock Holding Company   46,681    1,513,865 
International Bancshares Corp.   34,939    1,040,483 
MB Financial, Inc.   42,962    1,634,274 
PacWest Bancorp   72,485    3,110,331 
PrivateBancorp, Inc.   47,855    2,197,502 

 

Mid Cap Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Banks (continued)          
Prosperity Bancshares, Inc.   41,825   $2,295,774 
Signature Bank (I)   32,314    3,827,593 
SVB Financial Group (I)   31,325    3,462,666 
Synovus Financial Corp.   74,048    2,408,781 
TCF Financial Corp.   102,958    1,493,921 
Trustmark Corp.   40,716    1,122,133 
Umpqua Holdings Corp.   132,553    1,994,923 
Valley National Bancorp   153,186    1,490,500 
Webster Financial Corp.   55,184    2,097,544 
         53,086,446 
Capital markets - 3.5%          
CBOE Holdings, Inc.   48,928    3,172,981 
Eaton Vance Corp.   68,274    2,666,100 
FactSet Research Systems, Inc.   24,471    3,966,749 
Federated Investors, Inc., Class B   56,481    1,673,532 
Janus Capital Group, Inc.   86,372    1,210,072 
MarketAxess Holdings, Inc.   22,650    3,750,614 
MSCI, Inc.   56,964    4,781,558 
Raymond James Financial, Inc.   75,906    4,418,488 
SEI Investments Company   81,573    3,720,545 
Stifel Financial Corp. (I)   39,855    1,532,425 
Waddell & Reed Financial, Inc., Class A   49,866    905,567 
WisdomTree Investments, Inc. (L)   69,061    710,638 
         32,509,269 
Consumer finance - 0.2%          
SLM Corp. (I)   257,594    1,924,227 
Insurance - 4.7%          
Alleghany Corp. (I)   9,294    4,879,536 
American Financial Group, Inc.   43,939    3,295,425 
Aspen Insurance Holdings, Ltd.   36,245    1,688,655 
Brown & Brown, Inc.   69,015    2,602,556 
CNO Financial Group, Inc.   105,272    1,607,503 
Endurance Specialty Holdings, Ltd.   38,647    2,529,446 
Everest Re Group, Ltd.   25,216    4,790,284 
First American Financial Corp.   66,050    2,594,444 
Genworth Financial, Inc., Class A (I)   299,993    1,487,965 
Kemper Corp.   29,249    1,150,071 
Mercury General Corp.   21,955    1,204,232 
Old Republic International Corp.   146,934    2,588,977 
Primerica, Inc. (L)   27,975    1,483,514 
Reinsurance Group of America, Inc.   38,571    4,163,354 
RenaissanceRe Holdings, Ltd.   24,806    2,980,689 
The Hanover Insurance Group, Inc.   25,732    1,940,707 
W.R. Berkley Corp.   59,117    3,414,598 
         44,401,956 
Thrifts and mortgage finance - 0.6%          
New York Community Bancorp, Inc.   293,194    4,172,151 
Washington Federal, Inc.   54,482    1,453,580 
         5,625,731 
         137,547,629 
Health care - 7.9%          
Biotechnology - 0.3%          
United Therapeutics Corp. (I)   26,156    3,088,500 
Health care equipment and supplies - 4.0%          
ABIOMED, Inc. (I)   24,093    3,097,867 
Align Technology, Inc. (I)   45,297    4,246,594 
Halyard Health, Inc. (I)   28,096    973,807 
Hill-Rom Holdings, Inc.   35,863    2,222,789 
IDEXX Laboratories, Inc. (I)   53,902    6,076,372 

 

The accompanying notes are an integral part of the financial statements.  
162

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Mid Cap Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Health care equipment and supplies (continued)          
LivaNova PLC (I)   26,588   $1,598,205 
NuVasive, Inc. (I)   31,960    2,130,454 
ResMed, Inc.   84,700    5,487,713 
STERIS PLC   51,861    3,791,039 
Teleflex, Inc.   26,510    4,455,006 
West Pharmaceutical Services, Inc.   44,078    3,283,811 
         37,363,657 
Health care providers and services - 2.0%          
Amsurg Corp. (I)   32,995    2,212,315 
Community Health Systems, Inc. (I)(L)   68,407    789,417 
LifePoint Health, Inc. (I)   25,689    1,521,559 
MEDNAX, Inc. (I)   55,392    3,669,720 
Molina Healthcare, Inc. (I)   25,645    1,495,616 
Owens & Minor, Inc.   37,572    1,304,876 
Tenet Healthcare Corp. (I)   47,924    1,085,958 
VCA, Inc. (I)   48,681    3,406,696 
WellCare Health Plans, Inc. (I)   26,651    3,120,566 
         18,606,723 
Health care technology - 0.1%          
Allscripts Healthcare Solutions, Inc. (I)   112,300    1,478,991 
Life sciences tools and services - 1.0%          
Bio-Rad Laboratories, Inc., Class A (I)   12,435    2,036,977 
Bio-Techne Corp.   22,454    2,458,713 
Charles River          
Laboratories International, Inc. (I)   28,473    2,372,940 
PAREXEL International Corp. (I)   31,837    2,211,080 
         9,079,710 
Pharmaceuticals - 0.5%          
Akorn, Inc. (I)   53,109    1,447,751 
Catalent, Inc. (I)   64,582    1,668,799 
Prestige Brands Holdings, Inc. (I)   31,856    1,537,689 
         4,654,239 
         74,271,820 
Industrials - 13.8%          
Aerospace and defense - 1.9%          
B/E Aerospace, Inc.   61,175    3,160,301 
Curtiss-Wright Corp.   26,743    2,436,555 
Esterline Technologies Corp. (I)   17,696    1,345,604 
Huntington Ingalls Industries, Inc.   28,167    4,321,381 
KLX, Inc. (I)   31,729    1,116,861 
Orbital ATK, Inc.   35,251    2,687,184 
Teledyne Technologies, Inc. (I)   20,863    2,251,744 
Triumph Group, Inc.   29,815    831,242 
         18,150,872 
Airlines - 0.4%          
JetBlue Airways Corp. (I)   194,827    3,358,817 
Building products - 0.9%          
AO Smith Corp.   44,628    4,408,800 
Lennox International, Inc.   23,553    3,698,528 
         8,107,328 
Commercial services and supplies - 1.2%          
Clean Harbors, Inc. (I)   31,496    1,511,178 
Copart, Inc. (I)   58,643    3,140,919 
Deluxe Corp.   29,360    1,961,835 
Herman Miller, Inc.   36,029    1,030,429 
HNI Corp.   26,763    1,065,167 
MSA Safety, Inc.   18,711    1,085,986 

 

Mid Cap Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Commercial services and supplies (continued)          
Rollins, Inc.   57,823   $1,693,057 
         11,488,571 
Construction and engineering - 1.2%          
AECOM (I)   92,520    2,750,620 
Dycom Industries, Inc. (I)   18,918    1,547,114 
EMCOR Group, Inc.   36,602    2,182,211 
Granite Construction, Inc.   23,839    1,185,752 
KBR, Inc.   85,766    1,297,640 
Valmont Industries, Inc.   13,628    1,833,920 
         10,797,257 
Electrical equipment - 0.7%          
EnerSys   26,144    1,808,903 
Hubbell, Inc.   30,978    3,337,570 
Regal Beloit Corp.   26,940    1,602,661 
         6,749,134 
Industrial conglomerates - 0.4%          
Carlisle Companies, Inc.   38,900    3,989,973 
Machinery - 4.6%          
AGCO Corp.   41,018    2,023,008 
CLARCOR, Inc.   29,354    1,908,010 
Crane Company   29,884    1,882,991 
Donaldson Company, Inc.   80,141    2,991,664 
Graco, Inc.   33,518    2,480,332 
IDEX Corp.   45,830    4,288,313 
ITT, Inc.   53,937    1,933,102 
Joy Global, Inc.   59,092    1,639,212 
Kennametal, Inc.   47,978    1,392,322 
Lincoln Electric Holdings, Inc.   38,063    2,383,505 
Nordson Corp.   32,019    3,190,053 
Oshkosh Corp.   44,236    2,477,216 
Terex Corp.   65,376    1,661,204 
The Timken Company   42,415    1,490,463 
The Toro Company   66,904    3,133,783 
Trinity Industries, Inc.   91,737    2,218,201 
Wabtec Corp.   54,251    4,429,594 
Woodward, Inc.   33,310    2,081,209 
         43,604,182 
Marine - 0.2%          
Kirby Corp. (I)   32,420    2,015,227 
Professional services - 0.6%          
CEB, Inc.   19,386    1,055,955 
FTI Consulting, Inc. (I)   25,392    1,131,468 
ManpowerGroup, Inc.   41,255    2,981,086 
         5,168,509 
Road and rail - 1.0%          
Avis Budget Group, Inc. (I)   56,934    1,947,712 
Genesee & Wyoming, Inc., Class A (I)   34,461    2,376,086 
Landstar System, Inc.   25,349    1,725,760 
Old Dominion Freight Line, Inc. (I)   41,896    2,874,485 
Werner Enterprises, Inc.   26,898    625,916 
         9,549,959 
Trading companies and distributors - 0.7%          
GATX Corp. (L)   24,320    1,083,456 
MSC Industrial Direct Company, Inc., Class A   26,773    1,965,406 
NOW, Inc. (I)   64,698    1,386,478 
Watsco, Inc.   15,527    2,187,754 
         6,623,094 
         129,602,923 

 

The accompanying notes are an integral part of the financial statements.  
163

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Mid Cap Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Information technology - 17.4%          
Communications equipment - 1.4%          
ARRIS International PLC (I)   114,780   $3,251,717 
Brocade Communications Systems, Inc.   241,321    2,227,393 
Ciena Corp. (I)   83,141    1,812,474 
InterDigital, Inc.   20,619    1,633,025 
NetScout Systems, Inc. (I)   55,423    1,621,123 
Plantronics, Inc.   19,976    1,037,953 
ViaSat, Inc. (I)   27,295    2,037,572 
         13,621,257 
Electronic equipment, instruments and components - 3.9%          
Arrow Electronics, Inc. (I)   54,940    3,514,512 
Avnet, Inc.   76,671    3,148,111 
Belden, Inc.   25,355    1,749,241 
Cognex Corp.   51,234    2,708,229 
Ingram Micro, Inc., Class A   90,095    3,212,788 
IPG Photonics Corp. (I)   22,397    1,844,393 
Jabil Circuit, Inc.   115,029    2,509,933 
Keysight Technologies, Inc. (I)   102,297    3,241,792 
Knowles Corp. (I)(L)   53,389    750,115 
National Instruments Corp.   63,481    1,802,860 
SYNNEX Corp.   17,474    1,993,958 
Tech Data Corp. (I)   21,200    1,795,852 
Trimble Navigation, Ltd. (I)   149,997    4,283,914 
VeriFone Systems, Inc. (I)   66,803    1,051,479 
Vishay Intertechnology, Inc.   81,135    1,143,192 
Zebra Technologies Corp., Class A (I)   31,765    2,211,162 
         36,961,531 
Internet software and services - 0.6%          
comScore, Inc. (I)   26,947    826,195 
j2 Global, Inc.   28,900    1,925,029 
Rackspace Hosting, Inc. (I)   64,369    2,039,854 
WebMD Health Corp. (I)   23,467    1,166,310 
         5,957,388 
IT services - 3.9%          
Acxiom Corp. (I)   46,598    1,241,837 
Broadridge Financial Solutions, Inc.   71,201    4,826,716 
Computer Sciences Corp.   84,535    4,413,572 
Convergys Corp.   57,737    1,756,360 
CoreLogic, Inc. (I)   53,153    2,084,661 
DST Systems, Inc.   19,635    2,315,359 
Gartner, Inc. (I)   49,736    4,399,149 
Jack Henry & Associates, Inc.   47,278    4,044,633 
Leidos Holdings, Inc.   85,570    3,703,470 
MAXIMUS, Inc.   39,064    2,209,460 
NeuStar, Inc., Class A (I)(L)   32,816    872,577 
Science Applications International Corp.   26,984    1,871,880 
WEX, Inc. (I)   23,145    2,501,743 
         36,241,417 
Semiconductors and semiconductor equipment - 2.4%          
Advanced Micro Devices, Inc. (I)   392,702    2,713,571 
Cirrus Logic, Inc. (I)   36,994    1,966,231 
Cree, Inc. (I)   60,709    1,561,435 
Cypress Semiconductor Corp.   193,343    2,351,051 
Integrated Device Technology, Inc. (I)   80,860    1,867,866 
Intersil Corp., Class A   81,569    1,788,808 
Microsemi Corp. (I)   68,135    2,860,307 
Monolithic Power Systems, Inc.   22,426    1,805,293 
Silicon Laboratories, Inc. (I)   25,041    1,472,411 
Synaptics, Inc. (I)   20,955    1,227,544 

 

Mid Cap Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Semiconductors and semiconductor equipment (continued)          
Teradyne, Inc.   121,797   $2,628,379 
         22,242,896 
Software - 4.5%          
ACI Worldwide, Inc. (I)   70,526    1,366,794 
ANSYS, Inc. (I)   52,502    4,862,210 
Cadence Design Systems, Inc. (I)   175,978    4,492,718 
CDK Global, Inc.   90,382    5,184,312 
CommVault Systems, Inc. (I)   24,870    1,321,343 
Fair Isaac Corp.   18,574    2,314,135 
Fortinet, Inc. (I)   88,359    3,263,098 
Manhattan Associates, Inc. (I)   43,104    2,483,652 
Mentor Graphics Corp.   65,106    1,721,403 
PTC, Inc. (I)   69,199    3,066,208 
Synopsys, Inc. (I)   91,101    5,406,844 
The Ultimate Software Group, Inc. (I)   17,420    3,560,474 
Tyler Technologies, Inc. (I)   19,907    3,408,676 
         42,451,867 
Technology hardware, storage and peripherals - 0.7%          
3D Systems Corp. (I)(L)   64,171    1,151,869 
Diebold, Inc.   45,221    1,121,029 
Lexmark International, Inc., Class A   37,710    1,506,892 
NCR Corp. (I)   74,525    2,398,960 
         6,178,750 
         163,655,106 
Materials - 7.1%          
Chemicals - 2.9%          
Ashland Global Holdings, Inc.   37,384    4,334,675 
Cabot Corp.   37,552    1,968,100 
Minerals Technologies, Inc.   20,973    1,482,581 
NewMarket Corp.   5,563    2,388,307 
Olin Corp.   99,427    2,040,242 
PolyOne Corp.   50,610    1,711,124 
RPM International, Inc.   80,145    4,305,389 
Sensient Technologies Corp.   26,959    2,043,492 
The Scotts Miracle-Gro Company, Class A   27,275    2,271,189 
The Valspar Corp.   43,902    4,656,685 
         27,201,784 
Construction materials - 0.3%          
Eagle Materials, Inc.   29,040    2,244,792 
Containers and packaging - 1.7%          
AptarGroup, Inc.   37,887    2,932,833 
Bemis Company, Inc.   57,013    2,908,233 
Greif, Inc., Class A   15,524    769,835 
Packaging Corp. of America   56,725    4,609,474 
Silgan Holdings, Inc.   24,761    1,252,659 
Sonoco Products Company   60,343    3,187,921 
         15,660,955 
Metals and mining - 1.9%          
Allegheny Technologies, Inc. (L)   65,616    1,185,681 
Carpenter Technology Corp.   28,066    1,158,003 
Commercial Metals Company   69,021    1,117,450 
Compass Minerals International, Inc. (L)   20,345    1,499,427 
Reliance Steel & Aluminum Company   43,667    3,145,334 
Royal Gold, Inc.   39,294    3,042,534 
Steel Dynamics, Inc.   146,747    3,667,208 
United States Steel Corp. (L)   101,415    1,912,687 
Worthington Industries, Inc.   26,431    1,269,481 
         17,997,805 
The accompanying notes are an integral part of the financial statements.  
164

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Mid Cap Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Paper and forest products - 0.3%          
Domtar Corp.   37,675   $1,398,873 
Louisiana-Pacific Corp. (I)   85,573    1,611,340 
         3,010,213 
         66,115,549 
Real estate - 11.5%          
Equity real estate investment trusts - 11.1%          
Alexandria Real Estate Equities, Inc.   46,938    5,105,446 
American Campus Communities, Inc.   78,539    3,995,279 
Camden Property Trust   52,619    4,406,315 
Care Capital Properties, Inc.   50,534    1,440,219 
Communications Sales & Leasing, Inc.   81,829    2,570,249 
Corporate Office Properties Trust   57,043    1,617,169 
Corrections Corp. of America   70,748    981,275 
DCT Industrial Trust, Inc.   54,267    2,634,663 
Douglas Emmett, Inc.   86,372    3,163,806 
Duke Realty Corp.   211,149    5,770,702 
Education Realty Trust, Inc.   43,976    1,897,125 
EPR Properties   38,303    3,015,978 
Equity One, Inc.   55,391    1,695,519 
First Industrial Realty Trust, Inc.   70,350    1,985,277 
Healthcare Realty Trust, Inc.   69,750    2,375,685 
Highwoods Properties, Inc.   59,362    3,093,947 
Hospitality Properties Trust   98,853    2,937,911 
Kilroy Realty Corp.   55,489    3,848,162 
Lamar Advertising Company, Class A   49,872    3,257,140 
LaSalle Hotel Properties   68,063    1,624,664 
Liberty Property Trust   88,334    3,564,277 
Life Storage, Inc.   27,929    2,484,005 
Mack-Cali Realty Corp.   53,964    1,468,900 
Medical Properties Trust, Inc.   146,368    2,161,855 
Mid-America Apartment Communities, Inc.   45,469    4,273,631 
National Retail Properties, Inc.   88,495    4,499,971 
Omega Healthcare Investors, Inc.   116,449    4,128,117 
Post Properties, Inc.   32,205    2,129,717 
Potlatch Corp.   24,393    948,644 
Rayonier, Inc.   73,964    1,963,005 
Regency Centers Corp.   62,900    4,874,121 
Senior Housing Properties Trust   142,967    3,246,781 
Tanger Factory Outlet Centers, Inc.   57,821    2,252,706 
Taubman Centers, Inc.   36,352    2,704,952 
Urban Edge Properties   55,066    1,549,557 
Washington Prime Group, Inc.   111,575    1,381,299 
Weingarten Realty Investors   70,795    2,759,589 
         103,807,658 
Real estate management and development - 0.4%          
Alexander & Baldwin, Inc.   27,729    1,065,348 
Jones Lang LaSalle, Inc.   27,196    3,094,633 
         4,159,981 
         107,967,639 
Telecommunication services - 0.2%          
Wireless telecommunication services - 0.2%          
Telephone & Data Systems, Inc.   56,003    1,522,162 
Utilities - 5.4%          
Electric utilities - 1.9%          
Great Plains Energy, Inc.   124,590    3,400,061 
Hawaiian Electric Industries, Inc.   65,137    1,944,339 
IDACORP, Inc.   30,344    2,375,328 
OGE Energy Corp.   120,219    3,801,325 
PNM Resources, Inc.   47,956    1,569,120 

 

Mid Cap Index Trust (continued)

 

     Shares or
Principal
Amount		   Value
COMMON STOCKS (continued)          
Electric utilities (continued)          
Westar Energy, Inc.   85,322   $4,842,024 
         17,932,197 
Gas utilities - 2.1%          
Atmos Energy Corp.   62,514    4,655,418 
National Fuel Gas Company   51,160    2,766,221 
New Jersey Resources Corp.   51,863    1,704,218 
ONE Gas, Inc.   31,452    1,944,992 
Southwest Gas Corp.   28,584    1,996,878 
UGI Corp.   104,289    4,718,034 
WGL Holdings, Inc.   30,737    1,927,210 
         19,712,971 
Independent power and renewable electricity producers - 0.1%          
Talen Energy Corp. (I)   51,837    717,942 
Multi-utilities - 1.0%          
Black Hills Corp.   31,500    1,928,430 
MDU Resources Group, Inc.   117,569    2,990,955 
NorthWestern Corp.   28,550    1,642,482 
Vectren Corp.   49,867    2,503,323 
         9,065,190 
Water utilities - 0.3%          
Aqua America, Inc.   106,749    3,253,710 
         50,682,010 
TOTAL COMMON STOCKS (Cost $686,501,466)       $911,980,314 
           
RIGHTS - 0.0%          
Community Health Systems, Inc. (I)(N)   137,366    1,236 
TOTAL RIGHTS (Cost $8,929)       $1,236 
           
SECURITIES LENDING COLLATERAL - 3.2%          
John Hancock          
Collateral Trust, 0.6548% (W)(Y)   3,021,602    30,235,962 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $30,234,777)       $30,235,962 
           
SHORT-TERM INVESTMENTS - 2.8%          
Repurchase agreement - 2.8%          
Repurchase Agreement with State Street Corp.          
dated 09/30/2016 at 0.030% to be          
repurchased at $26,320,066 on 10/03/2016,          
collateralized by $26,385,000 U.S. Treasury          
Inflation Indexed Notes, 0.125% due          
07/15/2026 (valued at $26,846,738,          
including interest)  $26,320,000   $26,320,000 
TOTAL SHORT-TERM INVESTMENTS (Cost $26,320,000)       $26,320,000 
Total Investments (Mid Cap Index Trust)          
(Cost $743,065,172) - 103.2%       $968,537,512 
Other assets and liabilities, net - (3.2%)        (29,595,345)
TOTAL NET ASSETS - 100.0%       $938,942,167 

 

The accompanying notes are an integral part of the financial statements.  
165

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Mid Cap Stock Trust

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS - 88.4%          
Consumer discretionary - 20.1%          
Diversified consumer services - 0.1%          
The Honest Company, Inc. (I)(R)   28,542   $1,002,680 
Hotels, restaurants and leisure - 4.4%          
Chipotle Mexican Grill, Inc. (I)(L)   23,738    10,053,041 
Jack in the Box, Inc.   58,618    5,623,811 
Panera Bread Company, Class A (I)(L)   82,778    16,118,532 
         31,795,384 
Internet and direct marketing retail - 9.1%          
Expedia, Inc.   189,782    22,151,355 
Netflix, Inc. (I)(L)   151,940    14,973,687 
TripAdvisor, Inc. (I)   175,581    11,093,208 
Wayfair, Inc., Class A (I)(L)   443,131    17,446,067 
         65,664,317 
Specialty retail - 2.6%          
Advance Auto Parts, Inc.   53,555    7,986,122 
Dick’s Sporting Goods, Inc.   182,877    10,372,783 
Jand, Inc., Class A (I)(R)   25,303    275,550 
         18,634,455 
Textiles, apparel and luxury goods - 3.9%          
Kate Spade & Company (I)   374,660    6,417,926 
Samsonite International SA   2,654,980    8,560,512 
Under Armour, Inc., Class C (I)   385,173    13,041,958 
         28,020,396 
         145,117,232 
Consumer staples - 4.1%          
Beverages - 3.1%          
Molson Coors Brewing Company, Class B   89,578    9,835,664 
Monster Beverage Corp. (I)   85,394    12,536,693 
         22,372,357 
Food products - 1.0%          
Nomad Foods, Ltd. (I)   604,667    7,147,164 
         29,519,521 
Energy - 5.8%          
Oil, gas and consumable fuels - 5.8%          
Anadarko Petroleum Corp.   123,180    7,804,685 
Concho Resources, Inc. (I)   40,065    5,502,928 
Diamondback Energy, Inc. (I)   56,336    5,438,677 
Energen Corp.   71,360    4,118,899 
Newfield Exploration Company (I)   163,158    7,090,847 
Pioneer Natural Resources Company   43,796    8,130,727 
QEP Resources, Inc.   193,762    3,784,172 
         41,870,935 
         41,870,935 
Financials - 2.4%          
Capital markets - 1.8%          
S&P Global, Inc.   104,648    13,244,251 
Diversified financial services - 0.6%          
Double Eagle Acquisition Corp. (I)   390,144    3,959,962 
         17,204,213 
Health care - 21.3%          
Biotechnology - 3.0%          
Alnylam Pharmaceuticals, Inc. (I)   32,533    2,205,087 
Incyte Corp. (I)   105,822    9,977,956 
Ionis Pharmaceuticals, Inc. (I)(L)   101,483    3,718,337 

 

Mid Cap Stock Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Biotechnology (continued)          
Regeneron Pharmaceuticals, Inc. (I)   13,945   $5,606,169 
         21,507,549 
Health care equipment and supplies - 12.1%          
ABIOMED, Inc. (I)   69,809    8,976,041 
Align Technology, Inc. (I)   147,932    13,868,625 
Becton, Dickinson and Company   61,938    11,132,117 
DexCom, Inc. (I)   169,887    14,892,294 
Edwards Lifesciences Corp. (I)   117,874    14,210,889 
Hologic, Inc. (I)   349,846    13,584,520 
Insulet Corp. (I)   258,655    10,589,336 
         87,253,822 
Health care technology - 2.3%          
athenahealth, Inc. (I)(L)   83,832    10,572,892 
Veeva Systems, Inc., Class A (I)   152,395    6,290,866 
         16,863,758 
Pharmaceuticals - 3.9%          
Allergan PLC (I)   35,120    8,088,487 
Eisai Company, Ltd.   112,500    7,036,145 
Mylan NV (I)   147,602    5,626,588 
Ono Pharmaceutical Company, Ltd.   258,950    7,230,000 
         27,981,220 
         153,606,349 
Industrials - 9.0%          
Building products - 0.9%          
Fortune Brands Home & Security, Inc.   111,004    6,449,332 
Machinery - 1.8%          
The Middleby Corp. (I)   109,021    13,477,176 
Professional services - 2.6%          
IHS Markit, Ltd. (I)   305,945    11,488,235 
TransUnion (I)   205,175    7,078,538 
         18,566,773 
Road and rail - 1.0%          
Knight Transportation, Inc.   252,735    7,250,967 
Trading companies and distributors - 2.7%          
AerCap Holdings NV (I)   223,041    8,584,848 
Fastenal Company   266,079    11,116,781 
         19,701,629 
         65,445,877 
Information technology - 22.8%          
Communications equipment - 1.6%          
Arista Networks, Inc. (I)(L)   132,908    11,307,813 
Internet software and services - 5.3%          
CoStar Group, Inc. (I)   78,905    17,085,300 
GoDaddy, Inc., Class A (I)(L)   275,985    9,529,762 
The Trade Desk, Inc., Class A (I)(L)   5,700    166,497 
Zillow Group, Inc., Class C (I)(L)   337,052    11,678,852 
         38,460,411 
IT services - 0.8%          
PayPal Holdings, Inc. (I)   132,036    5,409,515 
Semiconductors and semiconductor equipment - 1.0%          
Micron Technology, Inc. (I)   419,976    7,467,173 
Software - 13.1%          
Atlassian Corp. PLC, Class A (I)(L)   233,612    7,001,352 
Guidewire Software, Inc. (I)   176,134    10,564,517 
Mobileye NV (I)(L)   324,296    13,805,281 

 

The accompanying notes are an integral part of the financial statements.  
166

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Mid Cap Stock Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Software (continued)          
ServiceNow, Inc. (I)   193,233   $15,294,392 
SS&C Technologies Holdings, Inc.   408,583    13,135,943 
The Ultimate Software Group, Inc. (I)   62,104    12,693,437 
Workday, Inc., Class A (I)   243,856    22,359,157 
         94,854,079 
Technology hardware, storage and peripherals - 1.0%          
Pure Storage, Inc., Class A (I)(L)   514,408    6,970,228 
         164,469,219 
Materials - 0.9%          
Chemicals - 0.9%          
Platform Specialty Products Corp. (I)(L)   782,050    6,342,426 
Real estate - 2.0%          
Equity real estate investment trusts - 1.9%          
Equinix, Inc.   37,157    13,385,809 
Real estate management and development - 0.1%          
WeWork Companies, Inc., Class A (R)   18,198    913,399 
         14,299,208 
TOTAL COMMON STOCKS (Cost $571,008,015)       $637,874,980 
           
PREFERRED SECURITIES - 10.6%          
Consumer discretionary - 0.4%          
Diversified consumer services - 0.3%          
The Honest Company, Inc. (I)(R)   66,598    2,339,588 
Specialty retail - 0.1%          
Jand, Inc., Series D (I)(R)   56,502    615,307 
         2,954,895 
Financials - 1.2%          
Capital markets - 0.6%          
Forward Venture (I)(R)   103,425    4,532,084 
Real estate management and development - 0.6%          
WeWork Companies, Inc., Series D1 (I)(R)   90,446    4,539,688 
         9,071,772 
Industrials - 0.6%          
Electrical equipment - 0.6%          
Lithium Technology Corp. (I)(R)   844,439    4,027,974 
Information technology - 7.6%          
Electronic equipment, instruments and components - 0.5%          
Veracode, Inc. (I)(R)   136,934    3,671,201 
Internet software and services - 4.5%          
DocuSign, Inc., Series B (I)(R)   6,185    118,690 
DocuSign, Inc., Series B1 (I)(R)   1,853    35,559 
DocuSign, Inc., Series D (I)(R)   4,445    85,300 
DocuSign, Inc., Series E (I)(R)   96,242    1,846,884 
Lookout, Inc., Series F (I)(R)   185,829    1,430,883 
One Kings Lane, Inc. (I)(R)   302,694    314,802 
Uber Technologies, Inc. (I)(R)   584,504    28,507,546 
         32,339,664 
Software - 2.6%          
Birst, Inc., Series F (I)(R)   328,201    1,693,517 
DraftKings, Inc., Series C (I)(R)   541,740    1,115,984 
Essence Group Holdings Corp. (I)(R)   1,459,559    3,605,111 
MarkLogic Corp., Series F (I)(R)   222,196    2,050,869 
Nutanix, Inc. (I)   148,220    5,072,830 
Pinterest, Inc., Series G (I)(R)   292,090    2,006,658 

 

Mid Cap Stock Trust (continued)

 

     Shares or
Principal
Amount		   Value
PREFERRED SECURITIES (continued)          
Software (continued)          
Zuora, Inc., Series F (I)(R)   715,736   $3,163,553 
         18,708,522 
         54,719,387 
Real estate - 0.8%          
Real estate management and development - 0.8%          
Redfin Corp. (I)(R)   553,613    2,031,760 
WeWork Companies, Inc., Series D2 (I)(R)   71,065    3,566,912 
         5,598,672 
         5,598,672 
TOTAL PREFERRED SECURITIES (Cost $48,697,999)       $76,372,700 
           
CORPORATE BONDS - 0.1%          
Information technology - 0.1%          
DraftKings, Inc.          
5.000%, 12/23/2016 (R)  $396,255   $396,255 
TOTAL CORPORATE BONDS (Cost $396,255)       $396,255 
           
SECURITIES LENDING COLLATERAL - 12.1%          
John Hancock          
Collateral Trust, 0.6548% (W)(Y)   8,783,414   $87,892,113 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $87,890,102)       $87,892,113 
           
SHORT-TERM INVESTMENTS - 0.7%          
Repurchase agreement - 0.7%          
Deutsche Bank Tri-Party Repurchase          
Agreement dated 09/30/2016 at 0.510% to          
be repurchased at $5,100,217 on          
10/03/2016, collateralized by $4,713,604          
Government National Mortgage Association,          
4.000% due 03/15/2041 (valued at          
$5,202,000, including interest)  $5,100,000   $5,100,000 
TOTAL SHORT-TERM INVESTMENTS (Cost $5,100,000)       $5,100,000 
Total Investments (Mid Cap Stock Trust)          
(Cost $713,092,371) - 111.9%       $807,636,048 
Other assets and liabilities, net - (11.9%)        (86,116,626)
TOTAL NET ASSETS - 100.0%       $721,519,422 

 

Mid Value Trust

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS - 94.2%          
Consumer discretionary - 11.0%          
Diversified consumer services - 0.8%          
Graham Holdings Company, Class B   3,200   $1,540,384 
Strayer Education, Inc. (I)   101,579    4,741,708 
         6,282,092 
Leisure products - 1.2%          
Mattel, Inc.   291,000    8,811,480 
Sankyo Company, Ltd.   27,900    953,184 
         9,764,664 
Media - 5.7%          
News Corp., Class A   959,600    13,415,208 

 

The accompanying notes are an integral part of the financial statements.  
167

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Mid Value Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Media (continued)          
Pearson PLC   255,403   $2,496,730 
Scholastic Corp.   93,724    3,688,977 
Tribune Media Company, Class A   347,500    12,690,700 
Viacom, Inc., Class B   331,700    12,637,770 
         44,929,385 
Specialty retail - 2.3%          
Chico’s FAS, Inc.   355,400    4,229,260 
The Gap, Inc. (L)   341,200    7,588,288 
Tiffany & Company (L)   81,400    5,912,082 
         17,729,630 
Textiles, apparel and luxury goods - 1.0%          
Coach, Inc.   79,900    2,921,144 
Ralph Lauren Corp.   49,400    4,996,316 
         7,917,460 
         86,623,231 
Consumer staples - 8.3%          
Beverages - 0.9%          
Carlsberg A/S, Class B   71,316    6,815,948 
Food and staples retailing - 1.0%          
Sysco Corp.   161,600    7,920,016 
Food products - 5.1%          
Archer-Daniels-Midland Company   190,700    8,041,819 
Bunge, Ltd.   288,300    17,076,009 
Flowers Foods, Inc. (L)   306,500    4,634,280 
McCormick & Company, Inc., Non-          
Voting Shares   39,900    3,986,808 
The Hershey Company   55,300    5,286,680 
Tootsie Roll Industries, Inc. (L)   41,855    1,541,520 
         40,567,116 
Personal products - 1.3%          
Coty, Inc., Class A (I)   120,100    2,822,350 
Edgewell Personal Care Company (I)   99,132    7,882,977 
         10,705,327 
         66,008,407 
Energy - 11.1%          
Energy equipment and services - 0.5%          
Frank’s International NV (L)   54,300    705,900 
SEACOR Holdings, Inc. (I)(L)   59,400    3,533,706 
         4,239,606 
Oil, gas and consumable fuels - 10.6%          
Apache Corp.   252,900    16,152,723 
Cameco Corp. (L)   554,500    4,746,520 
Canadian Natural Resources, Ltd.   403,500    12,928,140 
CONSOL Energy, Inc. (L)   400,600    7,691,520 
Devon Energy Corp.   170,200    7,507,522 
Hess Corp.   272,800    14,627,536 
Murphy Oil Corp. (L)   524,400    15,941,760 
PrairieSky Royalty, Ltd. (L)   37,908    772,925 
Southwestern Energy Company (I)   220,800    3,055,872 
         83,424,518 
         87,664,124 
Financials - 23.5%          
Banks - 4.4%          
Commerce Bancshares, Inc.   18,035    888,404 
Fifth Third Bancorp   595,400    12,181,884 
First Horizon National Corp.   740,649    11,280,084 

 

Mid Value Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Banks (continued)          
Popular, Inc.   132,100   $5,048,862 
Westamerica Bancorp. (L)   103,900    5,286,432 
         34,685,666 
Capital markets - 5.1%          
E*TRADE Financial Corp. (I)   176,944    5,152,609 
Lazard, Ltd., Class A   225,100    8,184,636 
LPL Financial Holdings, Inc. (L)   267,400    7,997,934 
Northern Trust Corp.   225,700    15,345,343 
Waddell & Reed Financial, Inc., Class A   212,300    3,855,368 
         40,535,890 
Consumer finance - 2.0%          
Ally Financial, Inc.   240,360    4,679,809 
Synchrony Financial   408,200    11,429,600 
         16,109,409 
Diversified financial services - 2.7%          
Groupe Bruxelles Lambert SA   19,641    1,743,390 
Leucadia National Corp.   694,400    13,221,376 
Pargesa Holding SA   33,611    2,302,857 
Voya Financial, Inc.   134,700    3,882,054 
         21,149,677 
Insurance - 8.3%          
Brown & Brown, Inc.   142,200    5,362,362 
CNA Financial Corp.   244,900    8,427,009 
First American Financial Corp.   71,800    2,820,304 
FNF Group   146,016    5,389,451 
Kemper Corp.   156,654    6,159,635 
Loews Corp.   257,100    10,579,665 
Marsh & McLennan Companies, Inc.   129,500    8,708,875 
OneBeacon Insurance Group, Ltd., Class A   20,242    289,056 
The Progressive Corp.   219,500    6,914,250 
White Mountains Insurance Group, Ltd.   12,898    10,705,341 
         65,355,948 
Thrifts and mortgage finance - 1.0%          
Capitol Federal Financial, Inc.   348,798    4,907,588 
PHH Corp. (I)   201,400    2,910,230 
         7,817,818 
         185,654,408 
Health care - 9.2%          
Biotechnology - 2.1%          
Alkermes PLC (I)   219,600    10,327,788 
Seattle Genetics, Inc. (I)   111,400    6,016,714 
         16,344,502 
Health care equipment and supplies - 4.7%          
Baxter International, Inc.   201,700    9,600,920 
Haemonetics Corp. (I)   175,000    6,336,750 
Halyard Health, Inc. (I)   64,244    2,226,697 
Hologic, Inc. (I)   491,800    19,096,594 
         37,260,961 
Health care providers and services - 1.4%          
HealthSouth Corp.   57,070    2,315,330 
Select Medical Holdings Corp. (I)   675,366    9,117,441 
         11,432,771 
Pharmaceuticals - 1.0%          
Zoetis, Inc.   145,200    7,551,852 
         72,590,086 

 

The accompanying notes are an integral part of the financial statements.  
168

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Mid Value Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Industrials - 9.7%          
Aerospace and defense - 2.7%          
Cobham PLC   952,138   $2,071,375 
KLX, Inc. (I)   96,502    3,396,870 
Textron, Inc.   408,200    16,225,950 
         21,694,195 
Air freight and logistics - 2.8%          
C.H. Robinson Worldwide, Inc.   206,200    14,528,852 
Expeditors International of Washington, Inc.   146,200    7,532,224 
         22,061,076 
Commercial services and supplies - 1.5%          
Cintas Corp.   67,200    7,566,720 
Stericycle, Inc. (I)   48,800    3,910,832 
         11,477,552 
Electrical equipment - 0.1%          
Babcock & Wilcox Enterprises, Inc. (I)   50,300    829,950 
Machinery - 1.7%          
AGCO Corp.   27,600    1,361,232 
Cummins, Inc.   39,800    5,100,370 
Xylem, Inc.   135,500    7,106,975 
         13,568,577 
Professional services - 0.9%          
ManpowerGroup, Inc.   95,805    6,922,869 
         76,554,219 
Information technology - 3.0%          
Communications equipment - 0.3%          
ADTRAN, Inc.   145,400    2,782,956 
Electronic equipment, instruments and components - 1.0%          
AVX Corp.   293,586    4,048,551 
National Instruments Corp.   134,600    3,822,640 
         7,871,191 
Semiconductors and semiconductor equipment - 1.7%          
Applied Materials, Inc.   163,700    4,935,555 
Marvell Technology Group, Ltd.   627,200    8,322,944 
         13,258,499 
         23,912,646 
Materials - 8.9%          
Chemicals - 1.5%          
FMC Corp.   102,600    4,959,684 
The Mosaic Company   172,200    4,212,012 
The Scotts Miracle-Gro Company, Class A   34,300    2,856,161 
         12,027,857 
Construction materials - 2.3%          
Vulcan Materials Company   159,707    18,163,477 
Containers and packaging - 0.7%          
WestRock Company   110,934    5,378,080 
Metals and mining - 3.5%          
Cia de Minas Buenaventura SAA, ADR (I)   130,600    1,807,504 
Franco-Nevada Corp. (Toronto Stock Exchange)   188,800    13,190,600 
Newmont Mining Corp.   187,300    7,359,017 
Nucor Corp.   103,700    5,127,965 
         27,485,086 
Paper and forest products - 0.9%          
Louisiana-Pacific Corp. (I)   323,800    6,097,154 

 

Mid Value Trust (continued)

 

     Shares or
Principal
Amount		   Value
COMMON STOCKS (continued)          
Paper and forest products (continued)          
West Fraser Timber Company, Ltd.   40,998   $1,263,424 
         7,360,578 
         70,415,078 
Real estate - 5.3%          
Equity real estate investment trusts - 4.3%          
Equity Commonwealth (I)   206,900    6,252,518 
Rayonier, Inc.   450,900    11,966,886 
Taubman Centers, Inc.   20,000    1,488,200 
The Macerich Company   95,400    7,714,998 
Weyerhaeuser Company   210,336    6,718,132 
         34,140,734 
Real estate management and development - 1.0%          
Realogy Holdings Corp.   254,500    6,581,370 
The St. Joe Company (I)   48,900    898,782 
         7,480,152 
         41,620,886 
Telecommunication services - 0.3%          
Wireless telecommunication services - 0.3%          
Telephone & Data Systems, Inc.   96,436    2,621,130 
Utilities - 3.9%          
Electric utilities - 2.9%          
FirstEnergy Corp.   606,551    20,064,707 
Great Plains Energy, Inc.   88,900    2,426,081 
         22,490,788 
Independent power and renewable electricity producers - 1.0%          
NRG Energy, Inc.   733,100    8,218,051 
         30,708,839 
TOTAL COMMON STOCKS (Cost $644,415,054)       $744,373,054 
           
SECURITIES LENDING COLLATERAL - 5.9%          
John Hancock Collateral Trust,          
0.6548% (W)(Y)   4,659,252    46,623,270 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $46,623,118)       $46,623,270 
           
SHORT-TERM INVESTMENTS - 5.9%          
Money market funds - 5.9%          
State Street Institutional U.S. Government          
Money Market Fund, Premier          
Class, 0.2692% (Y)   2,000,000   $2,000,000 
T. Rowe Price Prime Reserve          
Fund, 0.3208% (Y)   44,958,048    44,958,048 
TOTAL SHORT-TERM INVESTMENTS (Cost $46,958,048)       $46,958,048 
Total Investments (Mid Value Trust)          
(Cost $737,996,220) - 106.0%       $837,954,372 
Other assets and liabilities, net - (6.0%)        (47,515,716)
TOTAL NET ASSETS - 100.0%       $790,438,656 

 

The accompanying notes are an integral part of the financial statements.  
169

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Money Market Trust

 

     Shares or
Principal
Amount		   Value 
U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS - 99.9%          
U.S. Government - 11.6%          
U.S. Treasury Bill          
0.336%, 12/01/2016 *  $35,000,000   $34,980,075 
0.345%, 12/29/2016 *   9,340,000    9,332,034 
0.385%, 01/19/2017 *   7,830,000    7,820,789 
0.396%, 02/02/2017 *   50,000,000    49,931,886 
0.400%, 01/12/2017 to 01/26/2017 *   47,450,000    47,390,308 
0.415%, 01/19/2017 *   50,000,000    49,936,597 
0.430%, 01/19/2017 *   50,000,000    49,934,306 
0.435%, 02/02/2017 *   22,200,000    22,166,737 
U.S. Government Agency - 88.3%          
Federal Agricultural Mortgage Corp.          
0.390%, 11/22/2016 *   5,430,000    5,426,941 
0.460%, 01/23/2017 *   65,000,000    64,905,317 
0.480%, 02/01/2017 *   80,000,000    79,868,800 
0.500%, 01/03/2017 *   30,000,000    29,960,833 
0.553%, 05/09/2017 (P)*   75,000,000    75,000,000 
0.583%, 07/03/2017 (P)*   75,000,000    75,000,000 
0.617%, 08/23/2017 (P)*   15,000,000    14,998,660 
0.623%, 04/03/2017 (P)*   60,000,000    60,000,000 
0.629%, 03/07/2017 (P)*   60,000,000    60,000,000 
Federal Farm Credit Bank          
0.360%, 10/03/2016 *   10,000,000    9,999,800 
0.420%, 11/04/2016 *   360,000    359,857 
0.424%, 05/12/2017 (P)*   9,000,000    8,999,452 
0.430%, 11/03/2016 *   29,300,000    29,288,451 
0.470%, 02/21/2017 (P)*   20,000,000    20,003,151 
0.475%, 11/13/2017 (P)*   20,000,000    19,996,613 
0.480%, 05/30/2017 (P)*   3,000,000    2,998,596 
0.490%, 03/22/2017 to 04/27/2017 (P)*   125,350,000    125,353,631 
0.520%, 03/24/2017 (P)*   50,000,000    50,016,963 
0.540%, 08/28/2017 (P)*   20,000,000    20,000,000 
0.567%, 02/13/2017 (P)*   7,650,000    7,655,548 
0.570%, 05/24/2017 (P)*   10,000,000    10,000,000 
0.577%, 02/27/2017 (P)*   10,000,000    10,000,659 
0.580%, 12/14/2016 (P)*   16,700,000    16,704,783 
0.587%, 04/20/2017 (P)*   10,000,000    10,000,275 
Federal Home Loan Bank          
0.250%, 11/25/2016 *   17,590,000    17,583,282 
0.260%, 11/18/2016 *   87,400,000    87,369,701 
0.280%, 12/23/2016 *   7,155,000    7,150,381 
0.285%, 12/23/2016 *   20,000,000    19,986,858 
0.287%, 12/30/2016 *   3,385,000    3,382,571 
0.300%, 10/07/2016 *   19,445,000    19,444,028 
0.325%, 11/09/2016 *   2,810,000    2,809,011 
0.348%, 12/02/2016 *   40,000,000    39,976,027 
0.350%, 12/01/2016 to 12/22/2016 *   87,470,000    87,410,504 
0.360%, 10/11/2016 to 12/15/2016 *   87,823,000    87,759,168 
0.365%, 10/17/2016 *   3,710,000    3,709,398 
0.370%, 10/11/2016 to 11/18/2016 *   22,170,000    22,166,168 
0.375%, 11/01/2016 to 12/29/2016 *   48,250,000    48,223,394 
0.380%, 11/09/2016 *   75,000,000    74,969,125 
0.385%, 11/18/2016 *   6,000,000    5,996,920 
0.390%, 10/05/2016 to 11/16/2016 *   17,985,000    17,978,460 
0.400%, 10/19/2016 to 01/27/2017 *   107,673,000    107,640,105 
0.410%, 10/17/2016 to 01/25/2017 *   5,170,000    5,166,968 
0.420%, 11/18/2016 *   14,300,000    14,291,992 
0.430%, 11/04/2016 to 01/30/2017 *   211,740,000    211,598,665 
0.440%, 11/02/2016 to 01/06/2017 *   57,280,000    57,246,404 
0.445%, 11/02/2016 to 01/13/2017 *   8,740,000    8,736,240 
0.450%, 11/14/2016 to 02/01/2017 *   14,950,000    14,937,087 
0.460%, 01/27/2017 *   6,410,000    6,400,335 
0.560%, 11/07/2016 (P)*   50,000,000    50,009,170 

 

Money Market Trust (continued)

 

     Shares or
Principal
Amount		   Value 
U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS (continued)          
U.S. Government Agency (continued)          
Federal Home Loan Bank (continued)          
0.799%, 12/18/2017 (P)*  $10,000,000   $10,018,404 
Federal Home Loan Mortgage Corp. 0.370%,          
10/04/2016 *   64,060,000    64,058,025 
Federal National Mortgage Association          
0.390%, 11/23/2016 *   630,000    629,638 
0.400%, 10/26/2016 *   68,184,000    68,165,060 
0.410%, 10/26/2016 *   50,000,000    49,985,764 
Tennessee Valley Authority 0.240%,          
10/04/2016 *   50,018,000    50,017,000 
TOTAL U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS (Cost $2,342,846,915)       $2,342,846,915 
Total Investments (Money Market Trust)          
(Cost $2,342,846,915) - 99.9%       $2,342,846,915 
Other assets and liabilities, net - 0.1%        2,069,088 
TOTAL NET ASSETS - 100.0%       $2,344,916,003 

 

Mutual Shares Trust

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS - 85.5%          
Consumer discretionary - 6.9%          
Automobiles - 1.3%          
General Motors Company   213,680   $6,788,610 
Media - 5.6%          
CBS Corp., Class B   115,537    6,324,495 
Charter Communications, Inc., Class A (I)   30,817    8,319,665 
DISH Network Corp., Class A (I)   99,611    5,456,691 
Time Warner, Inc.   50,328    4,006,612 
Twenty-First Century Fox, Inc., Class B   205,980    5,095,945 
         29,203,408 
         35,992,018 
Consumer staples - 11.5%          
Beverages - 0.9%          
PepsiCo, Inc.   43,385    4,718,986 
Food and staples retailing - 4.1%          
CVS Health Corp.   67,378    5,995,968 
Rite Aid Corp. (I)   310,580    2,388,360 
The Kroger Company   225,790    6,701,447 
Walgreens Boots Alliance, Inc.   81,194    6,545,860 
         21,631,635 
Household products - 0.2%          
Energizer Holdings, Inc.   24,113    1,204,685 
Personal products - 0.4%          
Edgewell Personal Care Company (I)   24,113    1,917,466 
Tobacco - 5.9%          
Altria Group, Inc.   97,840    6,186,423 
British American Tobacco PLC   158,019    10,077,821 
Imperial Brands PLC   132,160    6,802,357 
Philip Morris International, Inc.   23,128    2,248,504 

 

The accompanying notes are an integral part of the financial statements.  
170

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Mutual Shares Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Tobacco (continued)          
Reynolds American, Inc.   113,656   $5,358,880 
         30,673,985 
         60,146,757 
Energy - 7.9%          
Energy equipment and services - 1.0%          
Baker Hughes, Inc.   106,327    5,366,324 
Oil, gas and consumable fuels - 6.9%          
Apache Corp.   45,578    2,911,067 
BP PLC   558,823    3,257,231 
CONSOL Energy, Inc. (L)   176,618    3,391,066 
Kinder Morgan, Inc.   328,560    7,599,593 
Marathon Oil Corp.   382,974    6,054,819 
Royal Dutch Shell PLC, A Shares   130,520    3,247,062 
Royal Dutch Shell PLC, A Shares   230,394    5,749,405 
The Williams Companies, Inc.   106,799    3,281,933 
Warrior Met Coal LLC, Class A (I)(R)   1,550    126,976 
Warrior Met Coal LLC, Class B (I)(R)   3,623    296,796 
         35,915,948 
         41,282,272 
Financials - 20.3%          
Banks - 8.6%          
Barclays PLC   1,380,860    2,993,732 
CIT Group, Inc.   125,665    4,561,640 
Citigroup, Inc.   116,725    5,512,922 
Citizens Financial Group, Inc.   241,957    5,978,757 
Columbia Banking System, Inc.   9,738    318,627 
FCB Financial Holdings, Inc., Class A (I)   60,504    2,325,169 
Guaranty Bancorp   4,385    78,272 
JPMorgan Chase & Co.   125,530    8,359,043 
The PNC Financial Services Group, Inc.   119,714    10,785,034 
Wells Fargo & Company   91,640    4,057,819 
         44,971,015 
Consumer finance - 1.2%          
Ally Financial, Inc.   122,150    2,378,261 
Capital One Financial Corp.   55,642    3,996,765 
         6,375,026 
Diversified financial services - 0.7%          
Voya Financial, Inc.   120,900    3,484,338 
Insurance - 9.8%          
Alleghany Corp. (I)   13,144    6,900,863 
American International Group, Inc.   178,475    10,590,707 
Chubb, Ltd.   55,403    6,961,387 
MetLife, Inc.   128,400    5,704,812 
The Allstate Corp.   74,491    5,153,287 
White Mountains Insurance Group, Ltd.   10,193    8,460,190 
XL Group, Ltd.   216,370    7,276,523 
         51,047,769 
         105,878,148 
Health care - 13.4%          
Health care equipment and supplies - 4.7%          
Medtronic PLC   199,199    17,210,794 
Stryker Corp.   62,452    7,270,037 
         24,480,831 
Health care providers and services - 0.4%          
Cigna Corp.   17,411    2,269,002 

 

Mutual Shares Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Pharmaceuticals - 8.3%          
Eli Lilly & Company   138,668  $11,129,494 
Merck & Company, Inc.   287,480    17,941,627 
Novartis AG, ADR   107,183    8,463,170 
Teva Pharmaceutical Industries, Ltd., ADR   117,581    5,409,902 
         42,944,193 
         69,694,026 
Industrials - 5.4%          
Aerospace and defense - 0.7%          
B/E Aerospace, Inc.   52,990    2,737,463 
KLX, Inc. (I)   26,495    932,624 
         3,670,087 
Electrical equipment - 0.8%          
Sensata Technologies Holding NV (I)   109,324    4,239,585 
Machinery - 2.1%          
Caterpillar, Inc.   79,073    7,019,310 
CNH Industrial NV   242,845    1,737,735 
CNH Industrial NV (Borsa Italiana Exchange)   107,017    766,290 
Federal Signal Corp.   120,224    1,594,170 
         11,117,505 
Marine - 0.9%          
A.P. Moeller - Maersk A/S, Series B   3,137    4,614,198 
Professional services - 0.9%          
RELX PLC   229,329    4,348,876 
         27,990,251 
Information technology - 13.1%          
Communications equipment - 2.7%          
Cisco Systems, Inc.   282,440    8,958,997 
Nokia OYJ   456,423    2,645,587 
Nokia OYJ, ADR (L)   441,401    2,555,712 
         14,160,296 
Internet software and services - 1.0%          
LinkedIn Corp., Class A (I)   28,000    5,351,360 
IT services - 0.3%          
Xerox Corp.   137,475    1,392,622 
Software - 6.9%          
CA, Inc.   190,881    6,314,343 
Dell Technologies, Inc., Class V (I)   25,557    1,221,625 
Microsoft Corp.   304,658    17,548,301 
Symantec Corp.   437,087    10,970,884 
         36,055,153 
Technology hardware, storage and peripherals - 2.2%             
Hewlett Packard Enterprise Company   178,343    4,057,303 
Samsung Electronics Company, Ltd.   5,080    7,400,351 
         11,457,654 
         68,417,085 
Materials - 4.1%          
Chemicals - 0.1%          
Monsanto Company   3,494    357,087 
Construction materials - 0.7%          
LafargeHolcim, Ltd. (I)   69,951    3,788,902 
Containers and packaging - 2.2%          
International Paper Company   142,534    6,838,781 
WestRock Company   93,299    4,523,136 
         11,361,917 

 

The accompanying notes are an integral part of the financial statements.  
171

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Mutual Shares Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Metals and mining - 1.1%          
Freeport-McMoRan, Inc.   224,236  $2,435,203 
thyssenkrupp AG   147,262    3,518,512 
         5,953,715 
         21,461,621 
Real estate - 1.0%          
Equity real estate investment trusts - 0.9%          
Alexander’s, Inc.   11,422    4,792,671 
Real estate management and development - 0.1%          
Forestar Group, Inc. (I)(L)   39,987    468,248 
         5,260,919 
Telecommunication services - 1.8%          
Diversified telecommunication services - 0.7%          
Koninklijke KPN NV   1,069,040    3,546,794 
Wireless telecommunication services - 1.1%          
Vodafone Group PLC   2,027,826    5,815,648 
         9,362,442 
Utilities - 0.1%          
Independent power and renewable electricity producers - 0.1%          
NRG Energy, Inc.   25,109    281,472 
TOTAL COMMON STOCKS (Cost $364,218,521)          $445,767,011 
           
CORPORATE BONDS - 1.6%          
Consumer discretionary - 0.6%          
iHeartCommunications, Inc.          
9.000%, 12/15/2019  $3,977,000  $3,146,801 
Tropicana Entertainment LLC          
9.625%, 12/15/2014 (H)   1,180,000    0 
         3,146,801 
Health care - 0.5%          
Valeant Pharmaceuticals International, Inc.          
6.375%, 10/15/2020 (S)   2,354,000    2,206,875 
6.750%, 08/15/2021 (S)   384,000    360,960 
7.250%, 07/15/2022 (S)   189,000    175,298 
         2,743,133 
Information technology - 0.2%          
Western Digital Corp.          
10.500%, 04/01/2024 (S)   1,010,000    1,172,863 
Materials - 0.0%          
Walter Energy, Inc.          
11.000%, 04/01/2020 (H)(S)   679,800    68 
Utilities - 0.3%          
Texas Competitive Electric Holdings          
Company LLC          
11.500%, 10/01/2020 (H)(S)   4,128,000    1,259,040 
TOTAL CORPORATE BONDS (Cost $12,240,650)       $8,321,905 
           
TERM LOANS (M) - 0.4%          
Utilities - 0.4%          
Texas Competitive Electric Holdings          
Company LLC          
4.730%, 10/10/2017 (H)   7,466,240    2,147,888 
TOTAL TERM LOANS (Cost $6,875,620)      $2,147,888 

 

Mutual Shares Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
MUNICIPAL BONDS - 0.3%          
Commonwealth of Puerto Rico, Series A          
8.000%, 07/01/2035 (H)  $2,626,000   $1,720,030 
TOTAL MUNICIPAL BONDS (Cost $2,314,824)       $1,720,030 
          
SECURITIES LENDING COLLATERAL - 0.7%          
John Hancock          
Collateral Trust, 0.6548% (W)(Y)   345,579    3,458,075 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $3,457,870)     $3,458,075 
           
SHORT-TERM INVESTMENTS - 9.0%          
U.S. Government - 4.2%          
U.S. Treasury Bills          
0.231%, 10/13/2016 *  $5,000,000   $4,999,775 
0.238%, 10/06/2016 *   5,000,000    4,999,955 
0.350%, 01/05/2017 *   2,000,000    1,998,498 
0.385%, 11/17/2016 *   5,000,000    4,998,905 
0.420%, 12/08/2016 *   2,000,000    1,999,322 
0.465%, 11/25/2016 *   2,000,000    1,999,554 
0.465%, 12/01/2016 *   1,000,000    999,721 
         21,995,730 
U.S. Government Agency - 4.8%          
Federal Home Loan Bank Discount Note          
0.150%, 10/03/2016*   24,900,000    24,899,945 
TOTAL SHORT-TERM INVESTMENTS (Cost $46,890,996)     $46,895,675 
Total Investments (Mutual Shares Trust)          
(Cost $435,998,481) - 97.5%     $508,310,584 
Other assets and liabilities, net - 2.5%        12,935,314 
TOTAL NET ASSETS - 100.0%          $521,245,898 

 

New Income Trust

 

    Shares or      
    Principal      
    Amount   Value 
U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS - 44.7%          
U.S. Government - 14.7%          
Treasury Inflation Protected Securities          
0.125%, 07/15/2026  $3,443,720  $3,486,388 
0.625%, 01/15/2026   13,526,345    14,244,878 
U.S. Treasury Bonds          
2.500%, 02/15/2045 to 05/15/2046   9,780,000    10,146,781 
3.000%, 11/15/2044 to 11/15/2045   29,760,000    34,050,250 
3.125%, 02/15/2043   26,395,000    30,844,009 
3.375%, 05/15/2044   8,055,000    9,856,050 
5.375%, 02/15/2031   7,760,000    11,333,542 
U.S. Treasury Notes          
0.875%, 05/15/2019   2,825,000    2,826,215 
1.250%, 10/31/2018   18,715,000    18,883,865 
1.500%, 05/31/2019   31,530,000    32,054,691 
1.625%, 05/15/2026   13,745,000    13,771,844 
2.000%, 08/31/2021   22,500,000    23,371,875 
U.S. Treasury Strips, PO          
1.176%, 05/15/2021   220,000    208,262 
         205,078,650 
U.S. Government Agency - 30.0%          
Federal Home Loan Mortgage Corp.          
2.341%, 09/01/2035 (P)   15,599    16,280 

 

The accompanying notes are an integral part of the financial statements.  
172

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

New Income Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS (continued)          
U.S. Government Agency (continued)          
Federal Home Loan Mortgage Corp. (continued)          
2.475%, 07/01/2035 (P)  $11,427  $11,989 
2.479%, 07/01/2035 (P)   18,806    19,905 
2.500%, 05/01/2028   3,055,059    3,166,344 
2.535%, 09/01/2032 (P)   691    725 
2.540%, 06/01/2037 (P)   157,265    165,126 
2.567%, 10/01/2036 (P)   94,113    99,615 
2.579%, 01/01/2036 (P)   50,473    53,378 
2.598%, 01/01/2036 to 03/01/2036 (P)   46,121    48,544 
2.664%, 01/01/2037 (P)   23,187    24,431 
2.667%, 06/01/2038 (P)   22,872    23,955 
2.676%, 02/01/2037 (P)   69,097    72,858 
2.682%, 02/01/2035 (P)   43,263    45,418 
2.750%, 04/01/2037 (P)   62,953    65,890 
2.775%, 11/01/2035 (P)   15,719    16,591 
2.848%, 05/01/2037 (P)   18,979    19,976 
2.855%, 02/01/2037 (P)   67,820    71,833 
3.000%, 01/01/2043 to 06/01/2043   15,613,153    16,275,279 
3.055%, 02/01/2037 (P)   27,695    29,511 
3.172%, 02/01/2038 (P)   64,942    69,200 
3.500%, 03/01/2043 to 05/01/2046   11,037,427    11,676,726 
4.000%, 05/01/2026 to 02/01/2041   10,136,178    10,930,927 
4.500%, 11/01/2018 to 10/01/2039   6,362,175    7,002,336 
5.000%, 10/01/2018 to 08/01/2040   2,725,389    3,039,872 
5.500%, 03/01/2018 to 12/01/2039   192,925    215,819 
5.832%, 12/01/2036 (P)   14,663    15,358 
5.998%, 10/01/2036 (P)   16,030    16,518 
6.000%, 04/01/2017 to 08/01/2038   536,498    614,110 
6.020%, 10/01/2036 (P)   22,596    23,554 
6.080%, 11/01/2036 (P)   13,946    14,574 
6.421%, 08/01/2036 (P)   7,413    7,680 
6.500%, 05/01/2017 to 03/01/2037   163,451    190,142 
7.000%, 02/01/2024 to 06/01/2032   5,410    6,473 
7.500%, 05/01/2024 to 06/01/2024   621    708 
Federal National Mortgage Association          
2.115%, 07/01/2027 (P)   179    181 
2.233%, 10/01/2033 (P)   19,749    20,285 
2.236%, 12/01/2035 (P)   5,997    6,221 
2.274%, 07/01/2035 (P)   15,585    16,242 
2.394%, 09/01/2035 (P)   70,172    73,500 
2.416%, 12/01/2035 (P)   4,997    5,226 
2.453%, 08/01/2036 (P)   62,827    65,895 
2.499%, 07/01/2036 to 08/01/2037 (P)   150,001    157,086 
2.500%, TBA (C)   3,545,000    3,671,085 
2.500%, 10/01/2027 to 03/01/2043   22,751,880    23,527,771 
2.572%, 05/01/2038 (P)   108,732    114,582 
2.602%, 08/01/2038 (P)   13,715    14,591 
2.645%, 12/01/2035 (P)   2,416    2,545 
2.767%, 12/01/2035 (P)   7,982    8,433 
2.912%, 05/01/2038 (P)   54,080    57,069 
2.931%, 05/01/2038 (P)   24,682    26,086 
2.955%, 04/01/2038 (P)   23,809    25,163 
3.000%, TBA (C)   10,060,000    10,504,684 
3.000%, 01/01/2027 to 09/01/2046   38,616,913    40,373,770 
3.500%, TBA (C)   17,160,000    18,106,791 
3.500%, 06/01/2042 to 05/01/2046   62,679,497    66,363,385 
4.000%, TBA (C)   9,170,000    9,847,098 
4.000%, 11/01/2025 to 12/01/2045   25,896,354    27,930,958 
4.500%, 05/01/2019 to 02/01/2044   13,148,477    14,446,468 
5.000%, 05/01/2018 to 07/01/2045   14,761,584    16,520,408 
5.500%, 11/01/2016 to 09/01/2041   7,660,729    8,691,443 
5.687%, 01/01/2019 (P)   74    76 

 

New Income Trust (continued)

 

     Shares or      
     Principal      
     Amount   Value 
U.S. GOVERNMENT AND AGENCY           
OBLIGATIONS (continued)           
U.S. Government Agency (continued)           
Federal National Mortgage           
Association (continued)           
5.894%, 09/01/2036 (P)   $4,374   $4,637 
6.000%, 09/01/2017 to 09/01/2038    6,590,362    7,572,788 
6.500%, 06/01/2017 to 06/01/2039    459,890    537,473 
7.000%, 12/01/2029 to 04/01/2037    15,411    18,293 
Government National           
Mortgage Association           
2.500%, TBA (C)    1,510,000    1,535,641 
2.500%, 11/20/2042 to 06/20/2045    10,877,474    11,085,584 
3.000%, 10/15/2042 to 09/20/2046    12,919,837    13,558,860 
3.500%, 09/15/2041 to 06/20/2046    42,935,357    45,749,867 
4.000%, 09/20/2040 to 12/20/2045    18,481,280    19,901,439 
4.500%, TBA (C)    2,735,000    2,952,518 
4.500%, 01/15/2019 to 09/20/2040    6,751,425    7,427,438 
5.000%, 01/15/2019 to 03/20/2041    3,141,960    3,501,059 
5.500%, 02/15/2029 to 06/20/2044    4,049,437    4,634,820 
6.000%, 10/20/2016 to 04/20/2039    1,922,884    2,217,934 
6.500%, 12/15/2023 to 09/15/2038    1,516,714    1,756,890 
7.000%, 04/15/2017 to 10/20/2036    623,685    739,697 
9.250%, 02/15/2017 to 12/15/2019    1,065    1,167 
9.750%, 07/15/2017 to 02/15/2021    1,478    1,673 
10.250%, 11/15/2020    900    1,024 
          417,827,489 
TOTAL U.S. GOVERNMENT AND AGENCY           
OBLIGATIONS (Cost $602,753,086)      $622,906,139 
            
FOREIGN GOVERNMENT           
OBLIGATIONS - 1.2%           
Bermuda - 0.1%           
Government of Bermuda           
4.138%, 01/03/2023 (S)    1,410,000    1,505,175 
Mexico - 0.9%           
Government of Mexico           
4.000%, 10/02/2023    2,352,000    2,515,464 
4.125%, 01/21/2026    1,590,000    1,711,635 
4.500%, 12/04/2025   MXN22,855,570    1,351,455 
6.500%, 06/10/2021    21,350,000    1,134,412 
10.000%, 12/05/2024    84,585,000    5,510,926 
          12,223,892 
Morocco - 0.1%           
Kingdom of Morocco           
4.250%, 12/11/2022 (S)   $1,695,000    1,797,107 
South Africa - 0.1%           
Republic of South Africa           
10.500%, 12/21/2026   ZAR16,550,000    1,353,992 
TOTAL FOREIGN GOVERNMENT           
OBLIGATIONS (Cost $17,827,934)      $16,880,166 
            
CORPORATE BONDS - 27.7%           
Consumer discretionary - 4.8%           
21st Century Fox America, Inc.           
4.750%, 09/15/2044   $3,790,000    4,160,677 
Altice Luxembourg SA           
7.625%, 02/15/2025 (S)    2,175,000    2,237,531 
Amazon.com, Inc.           
4.950%, 12/05/2044    5,310,000    6,487,024 
Brinker International, Inc.           
5.000%, 10/01/2024 (S)    400,000    405,478 

 

The accompanying notes are an integral part of the financial statements.  
173

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

New Income Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Consumer discretionary (continued)          
Charter Communications Operating LLC          
6.384%, 10/23/2035 (S)  $375,000   $442,449 
6.484%, 10/23/2045 (S)   1,010,000    1,224,107 
CSC Holdings LLC          
10.125%, 01/15/2023 (S)   600,000    692,250 
Delphi Corp.          
4.150%, 03/15/2024   1,770,000    1,900,969 
DISH DBS Corp.          
7.750%, 07/01/2026 (S)   350,000    371,875 
Dollar Tree, Inc.          
5.750%, 03/01/2023   775,000    834,094 
Expedia, Inc.          
5.000%, 02/15/2026 (S)   3,520,000    3,706,912 
General Motors Company          
4.000%, 04/01/2025   3,015,000    3,083,872 
GLP Capital LP          
4.375%, 04/15/2021   50,000    52,625 
5.375%, 04/15/2026   200,000    215,000 
Hilton Domestic Operating Company, Inc.          
4.250%, 09/01/2024 (S)   650,000    663,000 
INVISTA Finance LLC          
4.250%, 10/15/2019 (S)   1,115,000    1,109,431 
JD.com, Inc.          
3.875%, 04/29/2026   3,035,000    2,982,042 
KFC Holding Company/Pizza Hut          
Holdings LLC/Taco Bell          
of America LLC          
5.000%, 06/01/2024 (S)   200,000    209,000 
5.250%, 06/01/2026 (S)   250,000    264,375 
MDC Partners, Inc.          
6.500%, 05/01/2024 (S)   525,000    481,688 
New Red Finance, Inc.          
4.625%, 01/15/2022 (S)   425,000    442,000 
Newell Brands, Inc.          
3.900%, 11/01/2025   715,000    756,080 
5.500%, 04/01/2046   1,315,000    1,599,110 
O’Reilly Automotive, Inc.          
4.875%, 01/14/2021   3,970,000    4,410,277 
Omnicom Group, Inc.          
3.650%, 11/01/2024   2,815,000    2,986,923 
QVC, Inc.          
4.375%, 03/15/2023   2,300,000    2,307,153 
4.850%, 04/01/2024   2,960,000    3,007,319 
5.125%, 07/02/2022   975,000    1,033,537 
Sabre GLBL, Inc.          
5.375%, 04/15/2023 (S)   400,000    411,000 
Sirius XM Radio, Inc.          
5.250%, 08/15/2022 (S)   4,271,000    4,516,583 
The Interpublic Group of Companies, Inc.          
3.750%, 02/15/2023   1,615,000    1,687,782 
4.000%, 03/15/2022   2,365,000    2,527,454 
The Priceline Group, Inc.          
3.600%, 06/01/2026   1,500,000    1,573,691 
3.650%, 03/15/2025   2,135,000    2,240,349 
Thomson Reuters Corp.          
3.350%, 05/15/2026   410,000    421,093 
Time Warner Cable LLC          
6.550%, 05/01/2037   985,000    1,170,015 
6.750%, 06/15/2039   1,740,000    2,120,914 
7.300%, 07/01/2038   1,715,000    2,198,615 
Townsquare Media, Inc.          
6.500%, 04/01/2023 (S)   275,000    279,125 

 

New Income Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Consumer discretionary (continued)          
Virgin Media Secured Finance PLC          
5.500%, 08/15/2026 (S)  $200,000   $204,000 
         67,417,419 
Consumer staples - 0.7%          
FAGE International SA          
5.625%, 08/15/2026 (S)   200,000    206,000 
Imperial Tobacco Finance PLC          
4.250%, 07/21/2025 (S)   3,465,000    3,792,841 
Mead Johnson Nutrition Company          
4.125%, 11/15/2025   540,000    585,806 
New Albertsons, Inc.          
7.450%, 08/01/2029   150,000    147,000 
Reynolds American, Inc.          
4.000%, 06/12/2022   1,125,000    1,222,255 
4.450%, 06/12/2025   1,830,000    2,042,906 
5.850%, 08/15/2045   1,005,000    1,304,510 
Rite Aid Corp.          
6.125%, 04/01/2023 (S)   425,000    457,938 
Safeway, Inc.          
7.250%, 02/01/2031   125,000    124,063 
TreeHouse Foods, Inc.          
6.000%, 02/15/2024 (S)   150,000    161,438 
         10,044,757 
Energy - 3.2%          
APT Pipelines, Ltd.          
3.875%, 10/11/2022 (S)   1,125,000    1,169,821 
Concho Resources, Inc.          
5.500%, 04/01/2023   100,000    103,125 
Energy Transfer Partners LP          
4.150%, 10/01/2020   2,100,000    2,196,571 
Enterprise Products Operating LLC          
2.850%, 04/15/2021   405,000    417,033 
3.950%, 02/15/2027   705,000    737,992 
5.950%, 02/01/2041   2,755,000    3,197,803 
Hess Corp.          
7.300%, 08/15/2031   70,000    83,075 
7.875%, 10/01/2029   45,000    54,820 
Kinder Morgan Energy Partners LP          
5.950%, 02/15/2018   460,000    483,743 
Kinder Morgan Finance Company LLC          
6.000%, 01/15/2018 (S)   910,000    954,309 
Kinder Morgan, Inc.          
4.300%, 06/01/2025   1,690,000    1,757,399 
Magellan Midstream Partners Lp          
4.250%, 09/15/2046   410,000    407,873 
Origin Energy Finance, Ltd.          
3.500%, 10/09/2018 (S)   3,475,000    3,538,537 
Pertamina Persero PT          
4.300%, 05/20/2023   705,000    739,436 
6.450%, 05/30/2044 (S)   1,055,000    1,222,111 
Petroleos Mexicanos          
4.625%, 09/21/2023 (S)   1,055,000    1,060,170 
5.500%, 06/27/2044   3,855,000    3,341,900 
6.375%, 02/04/2021 (S)   250,000    272,525 
Plains All American Pipeline LP          
6.500%, 05/01/2018   1,715,000    1,827,945 
Sabine Pass Liquefaction LLC          
5.000%, 03/15/2027 (S)   2,525,000    2,588,125 
5.625%, 04/15/2023   525,000    560,438 
5.750%, 05/15/2024   375,000    403,594 
5.875%, 06/30/2026 (S)   525,000    570,609 

 

The accompanying notes are an integral part of the financial statements.  
174

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

New Income Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Energy (continued)          
Schlumberger Holdings Corp.          
3.000%, 12/21/2020 (S)  $1,595,000  $1,663,266 
4.000%, 12/21/2025 (S)   3,020,000    3,287,620 
Shell International Finance BV          
3.250%, 05/11/2025   5,110,000    5,386,390 
Tallgrass Energy Partners LP          
5.500%, 09/15/2024 (S)   150,000    151,125 
TransCanada PipeLines, Ltd.          
4.875%, 01/15/2026   2,430,000    2,812,851 
Valvoline, Inc.          
5.500%, 07/15/2024 (S)   50,000    52,375 
Western Gas Partners LP          
4.000%, 07/01/2022   2,535,000    2,592,250 
Woodside Finance, Ltd.          
3.700%, 09/15/2026 (S)   1,013,000    1,018,929 
         44,653,760 
Financials - 6.2%          
Bank of America Corp.          
3.300%, 01/11/2023   5,580,000    5,785,076 
4.200%, 08/26/2024   1,250,000    1,321,801 
Barclays Bank PLC          
5.140%, 10/14/2020   3,495,000    3,784,708 
Barclays PLC          
4.375%, 01/12/2026   200,000    206,928 
5.200%, 05/12/2026   1,855,000    1,910,554 
BBVA Bancomer SA          
4.375%, 04/10/2024 (S)   2,975,000    3,120,031 
BPCE SA          
4.875%, 04/01/2026 (S)   2,100,000    2,185,315 
5.700%, 10/22/2023 (S)   4,523,000    4,922,702 
CNA Financial Corp.          
3.950%, 05/15/2024   1,100,000    1,165,118 
5.875%, 08/15/2020   2,665,000    3,026,816 
CNO Financial Group, Inc.          
4.500%, 05/30/2020   125,000    127,969 
5.250%, 05/30/2025   850,000    847,875 
Discover Bank          
3.100%, 06/04/2020   2,285,000    2,350,803 
Discover Financial Services          
3.750%, 03/04/2025   1,385,000    1,402,340 
HSBC Holdings PLC          
2.650%, 01/15/2022   1,160,000    1,156,145 
2.950%, 05/25/2021   1,735,000    1,759,873 
HSBC Holdings PLC (6.375% to          
03/30/2025, then 5 Year          
U.S. ISDAFIX + 4.368%)          
03/30/2025 (Q)   2,425,000    2,420,174 
ING Bank NV          
5.800%, 09/25/2023 (S)   3,395,000    3,796,595 
ING Bank NV (4.125% to 11/21/2018,          
then 5 Year U.S. ISDAFIX + 2.700%)          
11/21/2023   200,000    204,892 
Liberty Mutual Group, Inc.          
4.850%, 08/01/2044 (S)   3,530,000    3,685,818 
Morgan Stanley          
3.750%, 02/25/2023   8,280,000    8,798,013 
MSCI, Inc.          
5.750%, 08/15/2025 (S)   575,000    613,813 
Nationwide Building Society          
3.900%, 07/21/2025 (S)   3,215,000    3,486,571 
4.000%, 09/14/2026 (S)   900,000    896,972 

 

New Income Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Financials (continued)          
Principal Financial Group, Inc. (4.700% to          
05/15/2020, then 3 month          
LIBOR + 3.044%)          
05/15/2055  $2,290,000  $2,278,550 
Provident Companies, Inc.          
7.000%, 07/15/2018   2,360,000    2,568,867 
Quicken Loans, Inc.          
5.750%, 05/01/2025 (S)   875,000    868,438 
Reinsurance Group of America, Inc.          
4.700%, 09/15/2023   3,360,000    3,672,836 
6.450%, 11/15/2019   705,000    798,578 
Royal Bank of Scotland Group PLC          
4.800%, 04/05/2026   4,770,000    4,914,812 
Santander UK Group Holdings PLC          
2.875%, 10/16/2020 to 08/05/2021   3,055,000    3,058,592 
The Goldman Sachs Group, Inc.          
5.750%, 01/24/2022   1,900,000    2,205,634 
6.750%, 10/01/2037   1,985,000    2,532,326 
The Toronto-Dominion Bank (3.625% to          
09/15/2026, 5 Year U.S. Swap          
Rate + 2.205%)          
09/15/2031   470,000    471,716 
Trinity Acquisition PLC          
3.500%, 09/15/2021   505,000    526,386 
UBS Group Funding Jersey, Ltd.          
4.125%, 09/24/2025 (S)   2,580,000    2,705,385 
Unum Group          
5.625%, 09/15/2020   1,040,000    1,161,145 
         86,740,167 
Health care - 3.4%          
AbbVie, Inc.          
3.200%, 11/06/2022   1,060,000    1,103,874 
4.450%, 05/14/2046   2,250,000    2,355,874 
Aetna, Inc.          
2.400%, 06/15/2021   1,080,000    1,093,391 
3.200%, 06/15/2026   1,760,000    1,788,718 
Agilent Technologies, Inc.          
3.200%, 10/01/2022   425,000    440,496 
3.875%, 07/15/2023   430,000    459,029 
Anthem, Inc.          
3.500%, 08/15/2024   3,250,000    3,416,195 
4.650%, 01/15/2043   980,000    1,071,711 
Biogen, Inc.          
2.900%, 09/15/2020   590,000    612,784 
4.050%, 09/15/2025   2,425,000    2,641,730 
Celgene Corp.          
3.625%, 05/15/2024   3,880,000    4,085,826 
3.875%, 08/15/2025   4,020,000    4,304,881 
Centene Corp.          
5.625%, 02/15/2021   125,000    132,813 
6.125%, 02/15/2024   100,000    108,500 
Endo Finance LLC          
6.000%, 02/01/2025 (S)   325,000    287,219 
Express Scripts Holding Company          
4.500%, 02/25/2026   2,145,000    2,354,090 
4.800%, 07/15/2046   1,025,000    1,067,882 
HCA, Inc.          
5.250%, 06/15/2026   575,000    610,938 
Humana, Inc.          
3.850%, 10/01/2024   1,995,000    2,140,615 
4.950%, 10/01/2044   1,750,000    1,947,167 
Kaiser Foundation Hospitals          
3.500%, 04/01/2022   2,455,000    2,614,710 

 

The accompanying notes are an integral part of the financial statements.  
175

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

New Income Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Health care (continued)          
Molina Healthcare, Inc.          
5.375%, 11/15/2022  $325,000   $335,563 
Novant Health, Inc.          
5.850%, 11/01/2019   1,445,000    1,634,305 
Perrigo Company PLC          
4.000%, 11/15/2023   1,630,000    1,676,724 
Shire Acquisitions Investments          
Ireland DAC          
2.400%, 09/23/2021   435,000    436,207 
2.875%, 09/23/2023   1,440,000    1,446,628 
3.200%, 09/23/2026   2,085,000    2,090,750 
Teva Pharmaceutical          
Finance Netherlands III BV          
2.800%, 07/01/2023   1,575,000    1,579,563 
3.150%, 10/01/2026   1,115,000    1,120,901 
Thermo Fisher Scientific, Inc.          
4.150%, 02/01/2024   2,165,000    2,353,539 
Valeant Pharmaceuticals International, Inc.          
6.375%, 10/15/2020 (S)   300,000    281,250 
         47,593,873 
Industrials - 2.4%          
Allison Transmission, Inc.          
5.000%, 10/01/2024 (S)   275,000    281,298 
American Airlines 2013-1 Class A Pass          
Through Trust          
4.000%, 01/15/2027   3,142,556    3,338,965 
American Airlines 2014-1 Class B Pass          
Through Trust          
4.375%, 04/01/2024   263,697    267,969 
American Airlines 2015-1 Class B Pass          
Through Trust          
3.700%, 11/01/2024   526,792    514,939 
American Airlines 2016-1 Class AA Pass          
Through Trust          
3.575%, 07/15/2029   458,873    485,258 
Brambles USA, Inc.          
4.125%, 10/23/2025 (S)   755,000    804,105 
CCCI Treasure, Ltd. (3.500% to          
04/21/2020, then 5 Year          
CMT + 7.192%)          
04/21/2020 (Q)   710,000    722,374 
Continental Airlines 2010-1 Class A Pass          
Through Trust          
4.750%, 07/12/2022   727,548    780,295 
Continental Airlines 2012-1 Class A Pass          
Through Trust          
4.150%, 10/11/2025   980,195    1,046,359 
CRCC Yupeng, Ltd. (3.950% to          
08/01/2019, then 5 Year          
CMT + 7.251%)          
08/01/2019 (Q)   465,000    479,331 
Delta Air Lines 2010-2 Class A Pass          
Through Trust          
4.950%, 11/23/2020   541,162    569,573 
Delta Air Lines 2011-1 Class A Pass          
Through Trust          
5.300%, 10/15/2020   357,001    381,991 
ERAC USA Finance LLC          
3.800%, 11/01/2025 (S)   1,410,000    1,513,948 
GATX Corp.          
2.600%, 03/30/2020   880,000    891,588 
H&E Equipment Services, Inc.          
7.000%, 09/01/2022   275,000    290,125 

 

New Income Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Industrials (continued)          
Heathrow Funding, Ltd.          
4.875%, 07/15/2023 (S)  $2,585,000  $2,817,061 
HPHT Finance 15, Ltd.          
2.250%, 03/17/2018 (S)   1,217,000    1,224,144 
Lockheed Martin Corp.          
3.550%, 01/15/2026   1,960,000    2,119,230 
3.600%, 03/01/2035   660,000    677,885 
3.800%, 03/01/2045   1,635,000    1,670,927 
Mobile Mini, Inc.          
5.875%, 07/01/2024   225,000    234,563 
Reliance Intermediate Holdings LP          
6.500%, 04/01/2023 (S)   550,000    577,500 
Roper Technologies, Inc.          
3.000%, 12/15/2020   1,475,000    1,533,382 
Transurban Finance Company Pty, Ltd.          
3.375%, 03/22/2027 (S)   450,000    453,723 
4.125%, 02/02/2026 (S)   410,000    439,705 
United Airlines 2014-2 Class B Pass          
Through Trust          
4.625%, 03/03/2024   3,892,697    3,951,088 
US Airways 2012-2 Class A Pass          
Through Trust          
4.625%, 12/03/2026   2,325,089    2,534,347 
US Airways 2013-1 Class A Pass          
Through Trust          
3.950%, 05/15/2027   2,557,977    2,711,456 
         33,313,129 
Information technology - 1.5%          
Alibaba Group Holding, Ltd.          
3.125%, 11/28/2021   2,605,000    2,716,218 
Arrow Electronics, Inc.          
3.500%, 04/01/2022   1,035,000    1,063,083 
Avnet, Inc.          
4.625%, 04/15/2026   840,000    870,153 
4.875%, 12/01/2022   1,535,000    1,668,358 
First Data Corp.          
7.000%, 12/01/2023 (S)   575,000    608,063 
Harris Corp.          
3.832%, 04/27/2025   555,000    587,845 
Keysight Technologies, Inc.          
4.550%, 10/30/2024   3,085,000    3,191,729 
Tencent Holdings, Ltd.          
2.875%, 02/11/2020 (S)   1,595,000    1,637,647 
3.800%, 02/11/2025   3,650,000    3,897,784 
Visa, Inc.          
4.300%, 12/14/2045   2,475,000    2,867,946 
Western Digital Corp.          
7.375%, 04/01/2023 (S)   650,000    713,375 
10.500%, 04/01/2024 (S)   275,000    319,344 
         20,141,545 
Materials - 0.7%          
Alcoa, Inc.          
6.150%, 08/15/2020   2,457,000    2,708,843 
Ardagh Packaging Finance PLC          
4.625%, 05/15/2023 (S)   275,000    276,719 
BlueScope Steel Finance, Ltd.          
6.500%, 05/15/2021 (S)   450,000    475,875 
Eagle Materials, Inc.          
4.500%, 08/01/2026   200,000    202,786 
Holcim US Finance Sarl & Cie SCS          
6.000%, 12/30/2019 (S)   2,095,000    2,340,712 

 

The accompanying notes are an integral part of the financial statements.  
176

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

New Income Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
CORPORATE BONDS (continued)          
Materials (continued)          
International Paper Company          
4.400%, 08/15/2047  $2,480,000  $2,481,605 
Martin Marietta Materials, Inc.          
4.250%, 07/02/2024   980,000    1,044,599 
         9,531,139 
Real estate - 1.8%          
Boston Properties LP          
2.750%, 10/01/2026   2,435,000    2,386,302 
3.650%, 02/01/2026   1,090,000    1,153,528 
Brixmor Operating Partnership LP          
4.125%, 06/15/2026   2,755,000    2,856,918 
Crown Castle International Corp.          
3.400%, 02/15/2021   880,000    921,019 
4.450%, 02/15/2026   1,345,000    1,478,046 
Crown Castle Towers LLC          
3.222%, 05/15/2042 (S)   205,000    211,355 
3.663%, 05/15/2025 (S)   2,200,000    2,318,822 
6.113%, 01/15/2040 (S)   3,988,000    4,419,699 
DDR Corp.          
4.250%, 02/01/2026   3,530,000    3,731,669 
MPT Operating Partnership LP          
5.250%, 08/01/2026   75,000    77,813 
Simon Property Group LP          
3.300%, 01/15/2026   1,975,000    2,088,466 
The Howard Hughes Corp.          
6.875%, 10/01/2021 (S)   275,000    289,094 
VEREIT Operating Partnership LP          
4.600%, 02/06/2024   765,000    795,600 
4.875%, 06/01/2026   600,000    634,500 
WEA Finance LLC          
3.750%, 09/17/2024 (S)   2,010,000    2,113,855 
         25,476,686 
Telecommunication services - 2.1%          
AT&T, Inc.          
4.800%, 06/15/2044   2,360,000    2,483,234 
GTP Acquisition Partners I LLC          
2.350%, 06/15/2020 (S)   2,870,000    2,858,807 
SBA Tower Trust          
2.898%, 10/15/2044 (S)   1,650,000    1,673,188 
3.598%, 04/15/2043 (S)   3,575,000    3,586,988 
3.869%, 10/15/2049 (S)   2,895,000    2,985,874 
T-Mobile USA, Inc.          
6.731%, 04/28/2022   550,000    577,500 
Telefonica Emisiones SAU          
4.570%, 04/27/2023   150,000    166,821 
Verizon Communications, Inc.          
4.272%, 01/15/2036   5,495,000    5,736,928 
6.400%, 09/15/2033   6,750,000    8,760,717 
         28,830,057 
Utilities - 0.9%          
Duke Energy Corp.          
2.650%, 09/01/2026   1,010,000    992,133 
3.750%, 09/01/2046   835,000    811,972 
Exelon Corp.          
2.850%, 06/15/2020   830,000    859,704 
Exelon Generation Company LLC          
2.950%, 01/15/2020   2,300,000    2,370,382 
FirstEnergy Transmission LLC          
4.350%, 01/15/2025 (S)   3,065,000    3,288,435 
NRG Energy, Inc.          
6.625%, 03/15/2023   425,000    429,250 

 

New Income Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Utilities (continued)          
Sempra Energy          
2.850%, 11/15/2020  $1,005,000  $1,040,779 
Suburban Propane Partners LP          
7.375%, 08/01/2021   55,000    57,200 
The Southern Company          
2.950%, 07/01/2023   2,025,000    2,095,124 
         11,944,979 
TOTAL CORPORATE BONDS (Cost $364,557,740)       $385,687,511 
           
MUNICIPAL BONDS - 1.5%          
Chicago O’Hare International Airport          
(Illinois) 6.395%, 01/01/2040   1,925,000    2,787,246 
Denver City & County School District          
No. 1 (Colorado) 4.242%, 12/15/2037   1,575,000    1,744,754 
District of Columbia 5.591%, 12/01/2034   375,000    491,820 
Florida Hurricane Catastrophe Fund          
Finance Corp., Series A          
2.995%, 07/01/2020   1,760,000    1,846,768 
Florida State Board of Administration          
Finance Corp. 2.163%, 07/01/2019   1,180,000    1,205,830 
JobsOhio Beverage System          
4.532%, 01/01/2035   1,400,000    1,634,430 
Los Angeles Department of Airports          
(California) 7.053%, 05/15/2040   1,230,000    1,870,928 
Maryland State Transportation Authority          
5.888%, 07/01/2043   1,070,000    1,465,590 
New York City Municipal Water Finance          
Authority 5.952%, 06/15/2042   840,000    1,213,422 
North Carolina Eastern Municipal          
Power Agency          
1.561%, 07/01/2017   625,000    626,963 
2.003%, 07/01/2018   60,000    60,582 
Port Authority of New York & New Jersey          
4.458%, 10/01/2062   2,225,000    2,570,787 
South Carolina State Public Service          
Authority 4.322%, 12/01/2027   1,705,000    1,948,849 
State of Oregon 5.892%, 06/01/2027   60,000    77,659 
University of California          
4.131%, 05/15/2045   495,000    545,738 
Virginia Commonwealth Transportation          
Board 5.350%, 05/15/2035   515,000    666,755 
TOTAL MUNICIPAL BONDS (Cost $17,092,826)     $20,758,121 
           
TERM LOANS (M) - 1.9%          
Consumer discretionary - 0.4%          
JC Penney Corp., Inc.          
5.250%, 06/23/2023   1,391,250    1,395,716 
Jo-Ann Stores, Inc. TBD 09/27/2023 (T)   700,000    687,750 
Scientific Games International, Inc.          
TBD 10/18/2020 (T)   1,400,000    1,403,934 
Univision Communications, Inc.          
4.000%, 03/01/2020   2,129,766    2,133,429 
         5,620,829 
Energy - 0.1%          
Avago Technologies Cayman Finance, Ltd.          
3.524%, 02/01/2023   1,433,778    1,450,109 
Financials - 0.3%          
Asurion LLC          
TBD 03/03/2021 (T)   700,000    695,331 
5.000%, 05/24/2019   1,853,902    1,859,315 
5.000%, 08/04/2022   703,573    706,915 

 

The accompanying notes are an integral part of the financial statements.  
177

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

New Income Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
TERM LOANS (M) (continued)          
Financials (continued)          
HUB International, Ltd.          
TBD 10/02/2020 (T)  $1,400,000  $1,400,000 
         4,661,561 
Health care - 0.1%          
MPH Acquisition Holdings LLC          
5.000%, 06/07/2023   550,144    556,762 
Valeant Pharmaceuticals International, Inc.          
5.500%, 04/01/2022   1,402,344    1,405,990 
         1,962,752 
Industrials - 0.3%          
C.H.I. Overhead Doors, Inc.          
4.500%, 07/29/2022   698,237    698,237 
Nord Anglia Education Finance LLC          
5.000%, 03/31/2021   721,310    722,667 
Uber Technologies, Inc.          
5.000%, 07/13/2023   2,100,000    2,110,500 
         3,531,404 
Information technology - 0.5%          
First Data Corp.          
4.525%, 03/24/2021   3,264,514    3,287,170 
Kronos, Inc.          
4.500%, 10/30/2019   2,130,818    2,135,378 
Match Group, Inc.          
5.500%, 11/16/2022   365,625    367,453 
Western Digital Corp.          
4.500%, 04/29/2023   1,695,750    1,711,656 
         7,501,657 
Telecommunication services - 0.2%          
Intelsat Jackson Holdings SA          
3.750%, 06/30/2019   2,123,377    2,016,719 
TOTAL TERM LOANS (Cost $26,733,642)     $26,745,031 
           
COLLATERALIZED MORTGAGE          
OBLIGATIONS - 9.7%          
Commercial and residential - 8.0%          
225 Liberty Street Trust,          
Series 2016-225L, Class A          
3.597%, 02/10/2036 (S)   705,000    761,210 
Alternative Loan Trust, Series 2005-61,          
Class 2A2 0.826%, 12/25/2035 (P)   223,278    176,212 
Banc of America Commercial          
Mortgage Trust, Series 2006-3,          
Class AM 5.946%, 07/10/2044 (P)   2,210,000    1,651,752 
Banc of America Funding Trust,          
Series 2005-A, Class 5A1          
0.739%, 02/20/2035 (P)   147,155    139,293 
Banc of America          
Mortgage Securities Trust          
Series 2005-B, Class 2A1,          
3.051%, 03/25/2035 (P)   876,709    791,298 
Series 2004-A, Class 2A2,          
2.945%, 02/25/2034 (P)   24,519    24,156 
Series 2004-D, Class 2A2,          
3.260%, 05/25/2034 (P)   10,803    10,686 
Series 2004-H, Class 2A2,          
2.858%, 09/25/2034 (P)   36,834    35,870 
Series 2004-I, Class 3A2,          
2.850%, 10/25/2034 (P)   5,468    5,413 
Series 2005-J, Class 3A1,          
3.073%, 11/25/2035 (P)   603,232    574,665 

 

New Income Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
Commercial and residential (continued)          
Bear Stearns ALT-A Trust, Series 2005-8,          
Class 12A1 0.986%, 10/25/2035 (P)  $1,824,282  $1,679,336 
Citigroup Commercial Mortgage Trust          
Series 2015-GC29, Class A4,          
3.192%, 04/10/2048   2,820,000    2,968,408 
Series 2015-GC33, Class A4,          
3.778%, 09/10/2058   875,000    961,457 
Series 2015-GC35, Class A4,          
3.818%, 11/10/2048   1,715,000    1,891,613 
Series 2015-P1, Class A5,          
3.717%, 09/15/2048   970,000    1,063,426 
Commercial Mortgage Trust (Cantor          
Fitzgerald/Deutsche Bank AG)          
Series 2014-CR21, Class A3,          
3.528%, 12/10/2047   7,265,000    7,841,549 
Series 2014-UBS6, Class A5,          
3.644%, 12/10/2047   3,275,000    3,545,759 
Series 2015-CR26, Class A4,          
3.630%, 08/10/2025   1,150,000    1,245,357 
Series 2015-CR26, Class AM,          
4.085%, 10/10/2048 (P)   1,340,000    1,453,448 
Series 2015-LC21, Class B,          
4.312%, 10/07/2048 (P)   1,630,000    1,715,394 
Series 2016-CR28, Class AHR,          
3.651%, 02/10/2049   1,010,000    1,068,194 
Commercial Mortgage Trust (Deutsche          
Bank AG)          
Series 2014-LC15, Class A4,          
4.006%, 04/10/2047   3,520,000    3,892,105 
Series 2014-TWC, Class A,          
1.286%, 02/13/2032 (P)(S)   2,135,000    2,130,152 
Commercial Mortgage Trust (Deutsche          
Bank AG/Jefferies & Company)          
Series 2015-PC1, Class A2,          
3.148%, 07/10/2050   640,000    670,258 
Series 2015-PC1, Class AM,          
4.290%, 07/10/2050   490,000    534,024 
Series 2015-PC1, Class B,          
4.443%, 07/10/2050 (P)   825,000    872,957 
Commercial Mortgage Trust (Goldman          
Sachs & Company/RBS Greenwich          
Capital), Series 2007-GG9, Class AM          
5.475%, 03/10/2039   2,700,000    2,722,263 
Credit Suisse Commercial Mortgage Trust          
Series 2007-C3, Class AM,          
5.700%, 06/15/2039 (P)   835,000    840,388 
Series 2015-GLPB, Class A,          
3.639%, 11/15/2034 (S)   3,465,000    3,747,266 
Series 2015-GLPB, Class B,          
3.811%, 11/15/2034 (P)(S)   1,490,000    1,555,405 
CSAIL Commercial Mortgage Trust          
Series 2015-C3, Class A4,          
3.718%, 08/15/2048   1,015,000    1,113,357 
Series 2016-C6, Class A5,          
3.090%, 01/15/2049   695,000    726,818 
Deutsche Alt-A Securities, Inc. Mortgage          
Loan Trust, Series 2005-2, Class 1A1          
0.846%, 04/25/2035 (P)   906,509    797,817 
DSLA Mortgage Loan Trust          
Series 2004-AR1, Class A1A,          
1.279%, 09/19/2044 (P)   1,146,615    1,062,277 

 

The accompanying notes are an integral part of the financial statements.  
178

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

New Income Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
Commercial and residential (continued)          
DSLA Mortgage Loan Trust (continued)          
Series 2004-AR4, Class 2A1A,          
0.799%, 01/19/2045 (P)  $1,003,325   $860,859 
Eleven Madison Mortgage Trust,          
Series 2015-11MD, Class A          
3.555%, 09/10/2035 (P)(S)   585,000    633,601 
Fosse Master Issuer PLC, Series 2012-1A,          
Class 3A1 2.133%, 10/18/2054 (P)(S)   2,471,215    2,486,865 
FREMF Mortgage Trust, Series 2015-K46,          
Class B 3.819%, 04/25/2048 (P)(S)   490,000    486,737 
GMAC Mortgage Corp. Loan Trust,          
Series 2005-AR3, Class 5A1          
3.463%, 06/19/2035 (P)   202,487    200,526 
GS Mortgage Securities Trust          
Series 2015-GC34, Class AS,          
3.911%, 10/10/2048   455,000    494,502 
Series 2015-GC35, Class A4,          
3.506%, 10/10/2048   1,450,000    1,562,425 
Series 2016-GS2, Class A4,          
3.050%, 05/10/2049   775,000    810,220 
GS Mortgage-Backed Securities Trust,          
Series 2014-EB1A, Class 2A1          
2.492%, 07/25/2044 (P)(S)   623,053    629,030 
HarborView Mortgage Loan Trust          
Series 2005-2, Class 2A1A,          
0.656%, 05/19/2035 (P)   463,967    384,768 
Series 2006-12, Class 2A2A,          
0.629%, 01/19/2038 (P)   706,242    606,482 
Holmes Master Issuer PLC,          
Series 2012-3A, Class B1          
2.828%, 10/15/2054 (P)(S)   2,950,000    2,985,453 
HomeBanc Mortgage Trust          
Series 2005-4, Class A1,          
0.716%, 10/25/2035 (P)   1,147,764    1,056,334 
Series 2005-4, Class A2,          
0.776%, 10/25/2035 (P)   1,043,924    965,614 
JPMBB Commercial          
Mortgage Securities Trust          
Series 2014-C24, Class A5,          
3.639%, 11/15/2047   625,000    678,587 
Series 2015-C28, Class A4,          
3.227%, 10/15/2048   4,250,000    4,476,162 
Series 2015-C30, Class A2,          
3.087%, 07/15/2048   250,000    262,024 
Series 2015-C30, Class A5,          
3.822%, 07/15/2048   3,905,000    4,290,099 
Series 2015-C31, Class A3,          
3.801%, 08/15/2048   1,950,000    2,139,875 
JPMorgan Alternative Loan Trust,          
Series 2007-A2, Class 12A3          
0.636%, 06/25/2037 (P)   422,276    404,168 
JPMorgan Chase Commercial          
Mortgage Securities Trust          
Series 2016-ATRM, Class A,          
2.962%, 10/05/2028 (S)   2,135,000    2,162,484 
Series 2016-JP3, Class A5,          
2.870%, 08/15/2049   2,315,000    2,377,096 
Series 2016-JP3, Class B,          
3.397%, 09/15/2026 (P)   660,000    678,285 
JPMorgan Mortgage Trust,          
Series 2005-ALT1, Class 1A1          
0.746%, 10/25/2035 (P)   1,643,293    1,241,661 

 

New Income Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
Commercial and residential (continued)          
LB-UBS Commercial Mortgage Trust,          
Series 2008-C1, Class A2          
6.085%, 04/15/2041 (P)  $1,109,118   $1,157,244 
Merrill Lynch Mortgage Investors Trust,          
Series 2005-A9, Class 2A1C          
2.786%, 12/25/2035 (P)   1,421,297    1,355,107 
Mill City Mortgage Loan Trust,          
Series 2016-1, Class A1          
2.500%, 04/25/2057 (P)(S)   738,349    742,378 
Morgan Stanley Bank of America          
Merrill Lynch Trust          
Series 2015-C24, Class AS,          
4.036%, 08/15/2047 (P)   270,000    294,364 
Series 2015-C24, Class B,          
4.354%, 08/15/2047 (P)   490,000    526,837 
Series 2015-C24, Class C,          
4.354%, 08/15/2047 (P)   325,000    314,403 
Series 2015-C27, Class A4,          
3.753%, 12/15/2047   1,285,000    1,416,126 
Morgan Stanley Capital I Trust          
Series 2007-IQ14, Class AM,          
5.681%, 04/15/2049 (P)   736,111    711,997 
Series 2007-IQ14, Class AMFX,          
5.681%, 04/15/2049 (P)   620,000    599,690 
Series 2015-MS1, Class AS,          
4.029%, 05/15/2048 (P)   195,000    213,637 
STARM Mortgage Loan Trust,          
Series 2007-2, Class 5A1          
5.382%, 04/25/2037 (P)   687,023    575,064 
Towd Point Mortgage Trust          
Series 2015-3, Class A1B,          
3.000%, 03/25/2054 (P)(S)   2,653,342    2,709,118 
Series 2015-5, Class A1B,          
2.750%, 05/25/2055 (P)(S)   1,376,218    1,391,084 
Series 2016-1, Class A1B,          
2.750%, 02/25/2055 (P)(S)   1,228,759    1,242,224 
Series 2016-1, Class A3B,          
3.000%, 02/25/2055 (P)(S)   1,468,119    1,493,863 
Series 2016-2, Class A1A,          
2.750%, 08/25/2055 (P)(S)   904,325    916,231 
Series 2016-3, Class A1,          
2.250%, 08/25/2055 (P)(S)   1,158,883    1,158,264 
Vendee Mortgage Trust, Series 1996-3,          
Class 4 9.634%, 03/15/2025 (P)   702    746 
WaMu Mortgage Pass          
Through Certificates          
Series 2005-AR12, Class 2A1,          
2.628%, 09/25/2035 (P)   247,213    246,228 
Series 2005-AR13, Class A1C3,          
0.936%, 10/25/2045 (P)   742,917    632,384 
Series 2005-AR19, Class A1C3,          
0.946%, 12/25/2045 (P)   584,215    504,696 
Wells Fargo Commercial Mortgage Trust          
Series 2015-C29, Class A4,          
3.637%, 06/15/2048   1,565,000    1,693,423 
Series 2015-LC20, Class C,          
4.056%, 04/15/2050 (P)   1,105,000    1,043,619 
Series 2015-NSX2, Class C,          
4.252%, 07/15/2058 (P)   300,000    284,791 
Series 2015-NXS2, Class A2,          
3.020%, 07/15/2058   1,070,000    1,113,538 

 

The accompanying notes are an integral part of the financial statements.  
179

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

New Income Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
Commercial and residential (continued)          
Wells Fargo Commercial          
Mortgage Trust (continued)          
Series 2015-NXS2, Class A5,          
3.767%, 07/15/2058 (P)  $1,775,000  $1,937,315 
Series 2015-NXS2, Class AS,          
4.121%, 07/15/2058 (P)   370,000    409,523 
Series 2015-NXS2, Class B,          
4.252%, 07/15/2058 (P)   550,000    582,196 
Series 2015-SG1, Class A4,          
3.789%, 12/15/2047   1,675,000    1,829,861 
Wells Fargo Mortgage          
Backed Securities Trust          
Series 2006-2, Class 2A1,          
1.146%, 03/25/2036 (P)   674,585    565,738 
Series 2003-O, Class 5A1,          
2.706%, 01/25/2034 (P)   28,397    28,896 
WF-RBS Commercial Mortgage Trust,          
Series 2013-C18, Class A3          
3.651%, 12/15/2046   840,000    890,389 
         111,724,414 
U.S. Government Agency - 1.7%          
Federal Home Loan Mortgage Corp.          
Series 199, Class PO,          
1.135%, 08/01/2028   1,108    967 
Series K502, Class A2,          
1.426%, 08/25/2017   929,950    931,209 
Series K025, Class A1,          
1.875%, 04/25/2022   2,288,718    2,311,163 
Series 2015-DNA1, Class M2,          
2.374%, 10/25/2027 (P)   2,395,000    2,436,307 
Series 2015-HQ2, Class M2,          
2.396%, 05/25/2025 (P)   1,480,000    1,515,532 
Series 2014-HQ2, Class M2,          
2.646%, 09/25/2024 (P)   1,385,000    1,427,952 
Series 2015-HQ1, Class M2,          
2.646%, 03/25/2025 (P)   1,525,000    1,545,189 
Series 2016-DNA3, Class M2,          
2.670%, 12/25/2028 (P)   625,000    635,469 
Series 2015-DN1, Class M2,          
2.846%, 01/25/2025 (P)   1,510,891    1,524,124 
Series 2015-HQA2, Class M2,          
3.246%, 05/25/2028 (P)   1,135,000    1,172,497 
Series 2015-DNA3, Class M2,          
3.296%, 04/25/2028 (P)   1,450,000    1,494,754 
Series 2016-DNA1, Class M2,          
3.339%, 07/25/2028 (P)   850,000    878,246 
Series 4448, Class JA,          
4.000%, 11/15/2036   135,000    144,023 
Federal National Mortgage Association          
Series 2016-C05, Class 2M1,          
1.874%, 01/25/2029 (P)   1,290,677    1,296,050 
Series 2016-C01, Class 2M1,          
2.546%, 08/25/2028 (P)   3,420,731    3,459,626 
Series 2016-C02, Class 1M1,          
2.596%, 09/25/2028 (P)   1,384,889    1,404,639 
Series 319, Class 2 IO,          
6.500%, 02/25/2032   3,376    747 
Government National          
Mortgage Association          
Series 2012-94, Class BI IO,          
4.000%, 05/20/2037   1,859,629    228,809 

 

New Income Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
U.S. Government Agency (continued)          
Government National Mortgage          
Association (continued)          
Series 2013-24, Class OI IO,          
4.000%, 02/20/2043  $1,648,119  $226,822 
Series 2010-92, Class PI IO,          
4.500%, 11/20/2037   1,306,787    32,303 
Series 2010-103, Class IN IO,          
4.500%, 02/20/2039   529,112    17,818 
Series 2011-88, Class EI IO,          
4.500%, 11/20/2039   526,968    31,205 
Series 2011-41 Class AI IO,          
4.500%, 12/20/2039   3,303,182    196,256 
         22,911,707 
TOTAL COLLATERALIZED MORTGAGE          
OBLIGATIONS (Cost $132,062,071)       $134,636,121 
           
ASSET BACKED SECURITIES - 9.3%          
Ally Master Owner Trust, Series 2015-3,          
Class A 1.630%, 05/15/2020   8,360,000    8,395,246 
AmeriCredit          
Automobile Receivables Trust          
Series 2016-1, Class A3,          
1.810%, 10/08/2020   460,000    462,629 
Series 2012-4, Class C,          
1.930%, 08/08/2018   527,910    528,587 
Ascentium Equipment Receivables Trust,          
Series 2015-1A, Class A3          
1.610%, 10/13/2020 (S)   782,703    784,643 
Avis Budget Rental Car          
Funding AESOP LLC          
Series 2014-1A, Class A,          
2.460%, 07/20/2020 (S)   5,450,000    5,504,844 
Series 2014-2A, Class A,          
2.500%, 02/20/2021 (S)   865,000    873,686 
BankBoston Home Equity Loan Trust,          
Series 1998-2, Class A6          
6.640%, 12/25/2028 (P)   8,563    8,553 
Barclays Dryrock Issuance Trust,          
Series 2015-1, Class A          
2.200%, 12/15/2022   390,000    398,777 
Cabela’s Credit Card Master Note Trust,          
Series 2012-1A, Class A1          
1.630%, 02/18/2020 (S)   2,000,000    2,002,635 
Capital Auto Receivables Asset Trust          
Series 2014-1, Class C,          
2.840%, 04/22/2019   655,000    663,645 
Series 2014-2, Class C,          
2.410%, 05/20/2019   835,000    842,686 
Series 2015-4, Class A4,          
2.010%, 07/20/2020   1,640,000    1,654,975 
CarMax Auto Owner Trust, Series 2014-1,          
Class D 2.430%, 08/17/2020   3,375,000    3,394,522 
CCG Receivables Trust, Series 2016-1,          
Class A2 1.950%, 09/14/2022 (S)   1,080,000    1,082,776 
Chase Funding Trust          
Series 2002-2, Class 1M1,          
5.599%, 09/25/2031   3,568    3,370 
Series 2002-4, Class 2A1,          
1.186%, 10/25/2032 (P)   3,961    3,732 
Chase Issuance Trust          
Series 2015-A2, Class A2,          
1.590%, 02/18/2020   1,810,000    1,820,816 

 

The accompanying notes are an integral part of the financial statements.  
180

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

New Income Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
ASSET BACKED SECURITIES (continued)          
Chase Issuance Trust (continued)          
Series 2016-A2, Class A,          
1.370%, 06/15/2021  $1,375,000  $1,378,889 
CNH Equipment Trust          
Series 2012-D, Class B,          
1.270%, 05/15/2020   2,936,000    2,937,023 
Series 2016-C, Class A3,          
1.440%, 12/15/2021   1,570,000    1,571,237 
Countrywide Asset-Backed Certificates,          
Series 2004-BC1, Class M2          
2.051%, 01/25/2034 (P)   1,089,729    1,031,532 
DB Master Finance LLC, Series 2015-1A,          
Class A2I 3.262%, 02/20/2045 (S)   1,763,150    1,772,318 
Discover Card Execution Note Trust,          
Series 2016-A3, Class A3          
1.850%, 10/16/2023   820,000    826,810 
Domino’s Pizza Master Issuer LLC,          
Series 2012-1A, Class A2          
5.216%, 01/25/2042 (S)   1,101,798    1,133,064 
Elara HGV Timeshare Issuer LLC,          
Series 2014-A, Class A          
2.530%, 02/25/2027 (S)   774,554    780,115 
Enterprise Fleet Financing LLC          
Series 2015-1, Class A2,          
1.300%, 09/20/2020 (S)   4,129,011    4,120,656 
Series 2016-2, Class A2,          
1.740%, 02/22/2022 (S)   1,645,000    1,646,814 
Ford Credit Auto Owner Trust          
Series 2013-B, Class D,          
1.820%, 11/15/2019   3,300,000    3,317,388 
Series 2014-C, Class A4,          
1.560%, 02/15/2020   790,000    792,934 
Series 2016-2, Class A,          
2.030%, 12/15/2027 (S)   4,930,000    4,972,310 
GM Financial Automobile Leasing Trust          
Series 2016-2, Class B,          
2.970%, 03/20/2020   710,000    712,439 
Series 2016-3, Class A3,          
1.830%, 12/20/2019   840,000    844,204 
GMF Floorplan Owner Revolving Trust          
Series 2016-1, Class B,          
2.260%, 05/17/2021 (S)   510,000    512,444 
Series 2016-1, Class C,          
2.760%, 05/17/2021 (S)   197,000    197,417 
GreatAmerica Leasing Receivables,          
Series 2014-1, Class A4          
1.470%, 08/15/2020 (S)   1,640,000    1,642,435 
GSAA Home Equity Trust          
Series 2005-11, Class 2A1,          
0.726%, 10/25/2035 (P)   703,750    651,829 
Series 2007-7, Class 2A1,          
0.480%, 07/25/2037 (P)   1,164,299    1,021,007 
GSAA Trust, Series 2005-8, Class A3          
0.876%, 06/25/2035 (P)   1,693,344    1,595,290 
HOA Funding LLC, Series 2014-1A,          
Class A2 4.846%, 08/20/2044 (S)   2,472,000    2,293,294 
Honda Auto Receivables Owner Trust,          
Series 2014-4, Class A4          
1.460%, 10/15/2020   630,000    633,276 
Hyundai Auto Lease Securitization Trust          
Series 2015-B, Class A4,          
1.660%, 07/15/2019 (S)   2,595,000    2,607,762 
Series 2016-C, Class A3,          
1.680%, 02/15/2020 (S)   1,675,000    1,675,566 

 

New Income Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
ASSET BACKED SECURITIES (continued)          
Kubota Credit Owner Trust          
Series 2014-1A, Class A4,          
1.670%, 07/15/2020 (S)  $5,075,000  $5,102,619 
Series 2016-1A, Class A3,          
1.670%, 07/15/2020 (S)   415,000    416,094 
MMAF Equipment Finance LLC,          
Series 2016-AA, Class A4          
1.760%, 01/17/2023 (S)   530,000    532,792 
MVW Owner Trust          
Series 2013-1A, Class A,          
2.150%, 04/22/2030 (S)   475,522    474,649 
Series 2014-1A, Class A,          
2.250%, 09/20/2031 (S)   327,248    327,271 
Nationstar HECM Loan Trust          
Series 2016-1A, Class A,          
2.981%, 02/25/2026 (S)   378,731    378,455 
Series 2016-3A, Class A,          
2.012%, 08/25/2026 (S)   289,295    287,687 
Nelnet Student Loan Trust, Series 2008-3,          
Class A4 2.279%, 11/25/2024 (P)   1,410,000    1,404,492 
Nissan Auto Receivables Owner Trust,          
Series 2016-C, Class A3          
1.180%, 01/15/2021   680,000    680,053 
Nissan Master          
Owner Trust Receivables Trust,          
Series 2015-A, Class A2          
1.440%, 01/15/2020   3,495,000    3,502,658 
Nordstrom Credit Card Master          
Note Trust II, Series 2011-1A, Class A          
2.280%, 11/15/2019 (S)   5,085,000    5,088,003 
Renaissance Home Equity Loan Trust,          
Series 2007-1, Class AF1          
5.742%, 04/25/2037 (P)   3,201,926    1,660,044 
Residential Asset Mortgage Products, Inc.,          
Series 2003-RZ2, Class A1          
4.100%, 04/25/2033 (P)   4,365    4,386 
Sierra Timeshare          
Receivables Funding LLC          
Series 2014-3A, Class A,          
2.300%, 10/20/2031 (S)   1,235,821    1,238,246 
Series 2015-1A, Class A,          
2.400%, 03/22/2032 (S)   1,025,502    1,030,331 
Series 2015-2A, Class A,          
2.430%, 06/20/2032 (S)   1,395,485    1,398,406 
Series 2015-3A, Class A,          
2.580%, 09/20/2032 (S)   991,689    996,864 
SLM Student Loan Trust          
Series 2008-4, Class A4,          
2.288%, 07/25/2022 (P)   149,052    149,499 
Series 2008-5, Class A4,          
2.338%, 07/25/2023 (P)   1,660,180    1,669,478 
Series 2008-9, Class A,          
2.138%, 04/25/2023 (P)   1,188,548    1,191,171 
SMART Trust          
Series 2013-1US, Class A4A,          
1.050%, 10/14/2018   626,695    626,024 
Series 2014-1US, Class A4A,          
1.680%, 12/14/2019   4,755,000    4,748,443 
Series 2015-1US, Class A3A,          
1.500%, 09/14/2018   985,000    982,586 
SMB Private Education Loan Trust          
Series 2015-A, Class A2A,          
2.490%, 06/15/2027 (S)   1,385,000    1,410,403 

 

The accompanying notes are an integral part of the financial statements.  
181

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

New Income Trust (continued)

 

     Shares or      
     Principal      
     Amount   Value 
ASSET BACKED SECURITIES (continued)           
SMB Private Education Loan Trust (continued)           
Series 2015-B, Class A2A,           
2.980%, 07/15/2027 (S)   $1,525,000  $1,584,922 
Series 2015-C, Class A2A,           
2.750%, 07/15/2027 (S)    1,650,000    1,698,160 
Series 2016-A, Class A2A,           
2.700%, 05/15/2031 (S)    550,000    560,478 
Series 2016-B, Class A2A,           
2.600%, 02/17/2032 (S)    1,260,000    1,262,933 
Synchrony Credit Card Master Note Trust           
Series 2012-2, Class A,           
2.220%, 01/15/2022    5,465,000    5,560,791 
Series 2013-1, Class B,           
1.690%, 03/15/2021    3,470,000    3,482,352 
Series 2014-1, Class B,           
1.810%, 11/15/2020    1,785,000    1,792,144 
Series 2014-1, Class C,           
1.910%, 11/15/2020    855,000    857,572 
Series 2015-1, Class B,           
2.640%, 03/15/2023    1,340,000    1,368,056 
Terwin Mortgage Trust,           
Series 2005-14HE, Class AF2           
4.849%, 08/25/2036 (P)    233,091    237,456 
Toyota Auto Receivables Trust,           
Series 2016-C, Class A3           
1.140%, 08/17/2020    595,000    593,914 
Utility Debt Securitization Authority,           
Series 2013-T, Class T1           
2.042%, 06/15/2021    2,010,000    2,024,311 
Wendys Funding LLC, Series 2015-1A,           
Class A2I 3.371%, 06/15/2045 (S)    3,583,800    3,599,619 
Wheels SPV LLC, Series 2015-1A,           
Class A2 1.270%, 04/22/2024 (S)    816,098    816,211 
TOTAL ASSET BACKED SECURITIES (Cost $130,171,538)          $129,833,748 
            
SHORT-TERM INVESTMENTS - 7.4%           
Certificate of deposit - 0.3%           
Credit Suisse AG           
1.645%, 09/12/2017*    3,515,000    3,515,000 
Commercial paper - 0.3%           
AXA Financial, Inc.           
1.620%, 08/30/2017*    2,905,000    2,866,674 
Ford Motor Credit Company LLC           
1.750%, 09/01/2017*    1,770,000    1,744,840 
          4,611,514 
Foreign government - 0.3%           
Japan Treasury Discount Bill, 0.000%           
11/28/2016*   JPY350,000,000    3,452,905 
Money market funds - 6.4%           
T. Rowe Price Prime Reserve           
Fund, 0.3208% (Y)    88,870,097  $88,870,097 
Repurchase agreement - 0.1%           
Repurchase Agreement with State           
Street Corp. dated 09/30/2016 at           
0.000% to be repurchased at $221,542           
on 10/03/2016, collateralized by           
$222,700 U.S. Treasury Notes, 1.500%           
due 08/31/2018 (valued at $225,710,           
including interest)   $ 221,542     $221,542 

 

New Income Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
SHORT-TERM INVESTMENTS (continued)          
Repurchase agreement (continued)          
Repurchase Agreement with State          
Street Corp. dated 09/30/2016 at          
0.030% to be repurchased at $1,824,005          
on 10/03/2016, collateralized by          
$1,690,000 U.S. Treasury Notes,          
3.500% due 05/15/2020 (valued at          
$1,863,225 including interest)  $1,824,000  $1,824,000 
         2,045,542 
TOTAL SHORT-TERM INVESTMENTS (Cost $102,468,912)          $102,495,058 
Total Investments (New Income Trust)          
(Cost $1,393,667,749) - 103.4%      $1,439,941,895 
Other assets and liabilities, net - (3.4%)        (46,931,220)
TOTAL NET ASSETS - 100.0%     $1,393,010,675 

 

Real Estate Securities Trust

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS - 99.1%          
Real estate - 99.1%          
Equity real estate investment trusts - 99.1%          
Diversified REITs - 7.8%          
BGP Holdings PLC (I)   194,291  $12,441 
Empire State Realty Trust, Inc., Class A   130,701    2,738,186 
Spirit Realty Capital, Inc.   715,506    9,537,695 
STORE Capital Corp.   282,996    8,339,892 
VEREIT, Inc.   1,041,924    10,804,752 
Washington Real Estate Investment Trust   60,223    1,874,140 
         33,307,106 
Health care REITs - 10.9%          
HCP, Inc.   266,560    10,115,952 
Healthcare Trust of America, Inc., Class A   218,402    7,124,273 
Senior Housing Properties Trust   243,857    5,537,992 
Ventas, Inc.   269,014    19,000,459 
Welltower, Inc.   65,258    4,879,341 
         46,658,017 
Hotel and resort REITs - 4.5%          
DiamondRock Hospitality Company   510,767    4,647,980 
LaSalle Hotel Properties   199,404    4,759,773 
Pebblebrook Hotel Trust   110,625    2,942,625 
Sunstone Hotel Investors, Inc.   555,735    7,107,851 
         19,458,229 
Industrial REITs - 9.2%          
Duke Realty Corp.   319,175    8,723,053 
Prologis, Inc.   435,235    23,302,482 
Rexford Industrial Realty, Inc.   321,876    7,367,742 
         39,393,277 
Office REITs - 12.3%          
Alexandria Real Estate Equities, Inc.   80,178    8,720,961 
Boston Properties, Inc.   50,107    6,829,083 
Corporate Office Properties Trust   80,363    2,278,291 
Douglas Emmett, Inc.   203,692    7,461,238 
Equity Commonwealth (I)   20,715    626,007 
Hudson Pacific Properties, Inc.   84,019    2,761,705 
Paramount Group, Inc.   267,091    4,377,621 

 

The accompanying notes are an integral part of the financial statements.  
182

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Real Estate Securities Trust (continued)

 

    Shares or        
    Principal        
    Amount   Value  
COMMON STOCKS (continued)            
Office REITs (continued)            
Piedmont Office Realty Trust, Inc., Class A   73,287  $ 1,595,458  
Vornado Realty Trust   175,476     17,759,926  
          52,410,290  
Residential REITs - 14.3%            
American Campus Communities, Inc.   114,044     5,801,418  
AvalonBay Communities, Inc.   40,737     7,244,668  
Camden Property Trust   82,420     6,901,851  
Equity LifeStyle Properties, Inc.   84,221     6,500,177  
Equity Residential   354,726     22,819,524  
Mid-America Apartment Communities, Inc.   68,182     6,408,426  
Post Properties, Inc.   64,528     4,267,237  
Silver Bay Realty Trust Corp.   59,136     1,036,654  
          60,979,955  
Retail REITs - 23.2%            
Agree Realty Corp.   122,320     6,047,501  
Brixmor Property Group, Inc.   376,081     10,451,291  
DDR Corp.   283,143     4,935,182  
Equity One, Inc.   162,581     4,976,604  
General Growth Properties, Inc.   329,051     9,081,808  
Kite Realty Group Trust   114,585     3,176,296  
Pennsylvania Real Estate Investment Trust   145,868     3,359,340  
Regency Centers Corp.   73,168     5,669,788  
Retail Properties of America, Inc., Class A   115,074     1,933,243  
Simon Property Group, Inc.   182,083     37,693,002  
The Macerich Company   58,505     4,731,299  
Urban Edge Properties   257,159     7,236,454  
          99,291,808  
Specialized REITs - 16.9%            
CoreSite Realty Corp.   46,635     3,452,855  
Crown Castle International Corp.   58,715     5,531,540  
CubeSmart   215,445     5,873,031  
Digital Realty Trust, Inc.   49,541     4,811,422  
DuPont Fabros Technology, Inc.   157,658     6,503,393  
Equinix, Inc.   42,439     15,288,650  
Four Corners Property Trust, Inc.   226,483     4,830,882  
Medical Properties Trust, Inc.   461,380     6,814,583  
Public Storage   85,596     19,099,891  
          72,206,247  
TOTAL COMMON STOCKS (Cost $408,508,449)       $ 423,704,929  
             
SHORT-TERM INVESTMENTS - 0.4%            
Repurchase agreement - 0.4%            
Repurchase Agreement with State Street Corp.            
dated 09/30/2016 at 0.030% to be            
repurchased at $1,834,005 on 10/03/2016,            
collateralized by $1,845,000 U.S. Treasury            
Notes, 1.500% due 08/31/2018 (valued at            
$1,869,937, including interest)  $1,834,000   $ 1,834,000  
TOTAL SHORT-TERM INVESTMENTS (Cost $1,834,000)       $ 1,834,000  
Total Investments (Real Estate Securities Trust)            
(Cost $410,342,449) - 99.5%       $ 425,538,929  
Other assets and liabilities, net - 0.5%         2,081,702  
TOTAL NET ASSETS - 100.0%       $ 427,620,631  

 

Science & Technology Trust

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS - 92.6%          
Consumer discretionary - 20.2%          
Automobiles - 0.6%          
Tesla Motors, Inc. (I)(L)   15,873  $3,238,568 
Household durables - 1.0%          
Garmin, Ltd. (L)   106,867    5,141,371 
Internet and direct marketing retail - 13.5%          
Amazon.com, Inc. (I)   52,385    43,862,484 
Ctrip.com International, Ltd., ADR (I)   61,300    2,854,741 
Etsy, Inc. (I)   16,500    235,620 
Expedia, Inc.   26,253    3,064,250 
Flipkart, Ltd. (I)(R)   490    59,579 
JD.com, Inc., ADR (I)(L)   106,073    2,767,445 
Netflix, Inc. (I)   3,365    331,621 
The Priceline Group, Inc. (I)   10,084    14,838,505 
Vipshop Holdings, Ltd., ADR (I)(L)   340,590    4,996,455 
         73,010,700 
Media - 5.1%          
Comcast Corp., Class A   28,394    1,883,658 
Liberty Global PLC LiLAC, Series C (I)   28,307    794,011 
Liberty Global PLC, Series C (I)   275,917    9,116,298 
News Corp., Class A   379,900    5,311,002 
The Walt Disney Company   62,300    5,785,178 
Twenty-First Century Fox, Inc., Class A   204,400    4,950,568 
         27,840,715 
         109,231,354 
Health care - 1.7%          
Biotechnology - 0.3%          
Grifols SA, ADR   116,900    1,866,893 
Health care equipment and supplies - 0.4%          
Intuitive Surgical, Inc. (I)   2,900    2,102,007 
Health care technology - 0.7%          
Veeva Systems, Inc., Class A (I)   84,686    3,495,838 
Life sciences tools and services - 0.3%          
Agilent Technologies, Inc.   34,900    1,643,441 
         9,108,179 
Industrials - 0.9%          
Aerospace and defense - 0.9%          
The Boeing Company   39,000    5,137,860 
Information technology - 68.2%          
Communications equipment - 3.4%          
Cisco Systems, Inc.   506,585    16,068,876 
Palo Alto Networks, Inc. (I)   15,135    2,411,460 
         18,480,336 
Electronic equipment, instruments and components - 1.7%             
CDW Corp.   9,366    428,307 
Control4 Corp. (I)   32,300    396,644 
Corning, Inc.   161,165    3,811,552 
TE Connectivity, Ltd.   71,900    4,628,922 
Tech Data Corp. (I)   1,580    133,842 
         9,399,267 
Internet software and services - 19.8%          
58.com, Inc., ADR (I)(L)   183,300    8,736,078 
Alibaba Group Holding, Ltd., ADR (I)   68,655    7,263,012 
Alphabet, Inc., Class A (I)   13,262    10,663,444 
Alphabet, Inc., Class C (I)   18,715    14,546,982 
Angie’s List, Inc. (I)(L)   82,893    821,470 
Baidu, Inc., ADR (I)   10,150    1,848,011 

 

The accompanying notes are an integral part of the financial statements.  
183

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Science & Technology Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Internet software and services (continued)          
Dropbox, Inc., Class B (I)(R)   7,441  $98,370 
Facebook, Inc., Class A (I)   210,610    27,014,945 
LinkedIn Corp., Class A (I)   39,213    7,494,389 
MercadoLibre, Inc.   14,082    2,604,748 
NetEase, Inc., ADR   14,526    3,497,570 
Quotient Technology, Inc. (I)(L)   38,522    512,728 
Tencent Holdings, Ltd.   447,800    12,449,742 
VeriSign, Inc. (I)(L)   26,711    2,089,869 
Yahoo!, Inc. (I)   179,400    7,732,140 
         107,373,498 
IT services - 7.1%          
Accenture PLC, Class A   4,719    576,520 
Amadeus IT Group SA   33,184    1,656,309 
Automatic Data Processing, Inc.   9,023    795,829 
Cognizant Technology          
Solutions Corp., Class A (I)   38,779    1,850,146 
Computer Sciences Corp.   39,043    2,038,435 
Fidelity National Information Services, Inc.   63,145    4,864,059 
Fiserv, Inc. (I)   4,215    419,266 
Global Payments, Inc.   43,875    3,367,845 
Mastercard, Inc.   43,829    4,460,477 
PayPal Holdings, Inc. (I)   102,800    4,211,716 
Sabre Corp.   157,460    4,437,223 
Total System Services, Inc.   856    40,360 
Visa, Inc., Class A   116,490    9,633,723 
         38,351,908 
Semiconductors and semiconductor equipment - 12.1%             
Applied Materials, Inc.   252,485    7,612,423 
Broadcom, Ltd.   46,348    7,995,957 
Cypress Semiconductor Corp.   159,225    1,936,176 
Infineon Technologies AG   164,751    2,937,759 
Lam Research Corp.   60,468    5,726,924 
Marvell Technology Group, Ltd.   175,265    2,325,767 
Maxim Integrated Products, Inc.   21,580    861,689 
Microchip Technology, Inc.   80,800    5,020,912 
Micron Technology, Inc. (I)   400,505    7,120,979 
Microsemi Corp. (I)   102,005    4,282,170 
NXP Semiconductors NV (I)   92,720    9,458,366 
QUALCOMM, Inc.   33,012    2,261,322 
SK Hynix, Inc.   167,555    6,150,930 
Skyworks Solutions, Inc.   20,279    1,544,043 
STR Holdings, Inc. (I)   65,100    14,322 
         65,249,739 
Software - 16.6%          
Activision Blizzard, Inc.   51,300    2,272,590 
Adobe Systems, Inc. (I)   35,728    3,877,917 
Dell Technologies, Inc., Class V (I)   626    29,923 
Electronic Arts, Inc. (I)   38,961    3,327,269 
Fortinet, Inc. (I)   5,582    206,143 
Imperva, Inc. (I)   11,967    642,748 
Interactive Intelligence Group, Inc. (I)   21,344    1,283,628 
Intuit, Inc.   44,562    4,902,266 
Microsoft Corp.   475,955    27,415,008 
Oracle Corp.   68,789    2,702,032 
Paycom Software, Inc. (I)   73,895    3,704,356 
Proofpoint, Inc. (I)   44,928    3,362,861 
Red Hat, Inc. (I)   183,100    14,799,973 
salesforce.com, Inc. (I)   130,759    9,327,039 
SAP SE, ADR   20,665    1,888,988 
ServiceNow, Inc. (I)   19,485    1,542,238 
Tableau Software, Inc., Class A (I)   62,575    3,458,520 

 

Science & Technology Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Software (continued)          
Workday, Inc., Class A (I)   40,075  $3,674,477 
Zendesk, Inc. (I)   46,245    1,420,184 
         89,838,160 
Technology hardware, storage and peripherals - 7.5%          
Apple, Inc.   115,161    13,018,951 
Hewlett Packard Enterprise Company   354,605    8,067,264 
HP, Inc.   212,265    3,296,475 
NetApp, Inc.   113,785    4,075,779 
Pure Storage, Inc., Class A (I)(L)   73,266    992,754 
Quanta Computer, Inc.   640,000    1,341,244 
Samsung Electronics Company, Ltd.   4,324    6,299,039 
Stratasys, Ltd. (I)(L)   45,945    1,106,815 
Western Digital Corp.   36,068    2,108,896 
         40,307,217 
         369,000,125 
Real estate - 0.4%          
Equity real estate investment trusts - 0.4%          
American Tower Corp.   17,135    1,941,910 
Crown Castle International Corp.   2,760    260,020 
         2,201,930 
         2,201,930 
Telecommunication services - 1.2%          
Wireless telecommunication services - 1.2%          
SoftBank Group Corp.   102,500    6,642,878 
TOTAL COMMON STOCKS (Cost $425,574,841)     $501,322,326 
           
PREFERRED SECURITIES - 0.7%          
Consumer discretionary - 0.1%          
Internet and direct marketing retail - 0.1%          
Flipkart, Ltd., Series A (I)(R)   168    20,427 
Flipkart, Ltd., Series C (I)(R)   295    35,869 
Flipkart, Ltd., Series E (I)(R)   549    66,753 
Flipkart, Ltd., Series G (I)(R)   3,152    383,252 
         506,301 
         506,301 
Information technology - 0.6%          
Internet software and services - 0.5%          
Airbnb, Inc., Series E (I)(R)   8,624    905,520 
Dropbox, Inc., Series A (I)(R)   9,241    122,166 
Dropbox, Inc., Series A1 (I)(R)   89,006    1,176,659 
Xiaoju Kuaizhi, Inc. (I)(R)   9,513    363,654 
         2,567,999 
Software - 0.1%          
Cloudera, Inc., Series F (I)(R)   21,227    442,158 
         3,010,157 
TOTAL PREFERRED SECURITIES (Cost $2,754,715)     $3,516,458 
           
CORPORATE BONDS - 0.3%          
Information technology - 0.3%          
Western Digital Corp.          
10.500%, 04/01/2024 (S)  $1,539,000  $1,787,164 
TOTAL CORPORATE BONDS (Cost $1,523,240)     $1,787,164 

 

The accompanying notes are an integral part of the financial statements.  
184

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Science & Technology Trust (continued)

 

 

     Shares or         
     Principal         
     Amount   Value
SECURITIES LENDING COLLATERAL - 3.5%              
John Hancock              
Collateral Trust, 0.6548% (W)(Y)    1,879,100  $ 18,803,407  
TOTAL SECURITIES LENDING              
COLLATERAL (Cost $18,803,389)       $ 18,803,407  
               
SHORT-TERM INVESTMENTS - 7.2%              
Money market funds - 6.0%              
State Street Institutional U.S. Government              
Money Market Fund, Premier              
Class, 0.2692% (Y)    500,000  $ 500,000  
T. Rowe Price Prime Reserve              
Fund, 0.3208% (Y)    31,800,208     31,800,208  
           32,300,208  
Repurchase agreement - 1.2%              
Repurchase Agreement with State Street Corp.              
dated 09/30/2016 at 0.030% to be              
repurchased at $6,730,017 on 10/03/2016,              
collateralized by $6,755,000 U.S. Treasury              
Notes, 1.375% due 02/29/2020 (valued at              
$6,864,769, including interest)   $6,730,000   $ 6,730,000  
TOTAL SHORT-TERM INVESTMENTS (Cost $39,030,208)        $ 39,030,208  
Total Investments (Science & Technology Trust)              
(Cost $487,686,393) - 104.3%        $ 564,459,563  
Other assets and liabilities, net - (4.3%)          (23,109,590 )
TOTAL NET ASSETS - 100.0%        $ 541,349,973  

 

Short Term Government Income Trust

 

    Shares or      
    Principal      
    Amount   Value 
U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS - 93.8%          
U.S. Government - 25.6%          
U.S. Treasury Notes          
0.625%, 08/31/2017 to 04/30/2018  $7,465,000   $7,459,335 
0.750%, 03/31/2018   5,130,000    5,131,200 
0.875%, 01/31/2018 to 07/15/2018   24,300,000    24,347,368 
1.000%, 03/15/2019   6,680,000    6,705,050 
1.125%, 06/30/2021   6,785,000    6,777,577 
1.250%, 03/31/2021   6,695,000    6,730,042 
1.375%, 09/30/2020   4,515,000    4,568,792 
1.625%, 06/30/2020   23,595,000    24,110,220 
         85,829,584 
U.S. Government Agency - 68.2%          
Federal Agricultural Mortgage Corp.          
0.970%, 07/26/2019   10,005,000    9,997,496 
1.750%, 06/15/2020   6,225,000    6,338,637 
5.125%, 04/19/2017 (S)   26,318,000    26,954,396 
Federal Farm Credit Bank          
0.900%, 12/26/2017   2,890,000    2,888,572 
1.080%, 07/05/2019   6,255,000    6,255,006 
1.240%, 11/13/2018   8,060,000    8,060,000 
1.290%, 07/13/2020   5,210,000    5,195,037 
1.440%, 08/16/2021   6,720,000    6,698,892 
1.680%, 04/05/2021   6,110,000    6,111,595 
Federal Home Loan Bank          
1.125%, 10/11/2019   6,255,000    6,242,377 
1.150%, 06/22/2018   6,790,000    6,795,609 

 

Short Term Government Income Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS (continued)          
U.S. Government Agency (continued)          
Federal Home Loan Bank (continued)          
1.550%, 10/26/2020  $5,825,000  $5,824,062 
1.700%, 04/26/2021   6,250,000    6,250,013 
Federal Home Loan Mortgage Corp.          
1.000%, 05/25/2018   6,265,000    6,265,200 
1.150%, 09/14/2018   8,255,000    8,255,017 
1.250%, 07/26/2019   5,210,000    5,210,115 
1.300%, 08/23/2019   8,400,000    8,401,991 
3.000%, 07/01/2030   3,036,424    3,204,183 
5.500%, 07/01/2040   2,227,758    2,576,454 
7.000%, 04/01/2018 to 04/01/2032   2,206    2,449 
Federal National Mortgage Association          
1.000%, 12/28/2017   4,250,000    4,251,122 
1.125%, 07/20/2018   2,400,000    2,412,034 
1.250%, 08/23/2019   8,255,000    8,257,592 
1.375%, 02/26/2021   3,550,000    3,573,412 
2.500%, 10/01/2027   2,235,676    2,316,764 
3.000%, 03/01/2028 to 03/01/2031   27,702,732    29,247,730 
3.500%, 12/01/2025   1,219,778    1,288,897 
5.500%, 03/01/2035 to 08/01/2040   1,924,627    2,192,102 
6.500%, 01/01/2039   1,006,869    1,173,563 
7.000%, 08/01/2025 to 01/01/2029   2,728    3,196 
7.500%, 01/01/2031   667    808 
8.000%, 10/01/2024 to 01/01/2031   1,753    2,105 
Government National Mortgage Association          
7.500%, 01/15/2027 to 03/15/2027   368    437 
Tennessee Valley Authority          
1.750%, 10/15/2018   5,270,000    5,358,889 
3.875%, 02/15/2021   14,795,000    16,411,990 
4.500%, 04/01/2018   8,929,000    9,409,362 
5.500%, 07/18/2017   4,598,000    4,772,710 
         228,199,814 
TOTAL U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS (Cost $312,135,691)     $314,029,398 
           
COLLATERALIZED MORTGAGE          
OBLIGATIONS - 3.9%          
U.S. Government Agency - 3.9%          
Federal Home Loan Mortgage Corp.          
Series 3499, Class PA, 4.500%, 08/15/2036   14,733    14,779 
Series 4482, Class MA, 2.000%, 04/15/2031   1,153,380    1,170,624 
Series K017, Class X1 IO,          
1.523%, 12/25/2021   24,886,478    1,456,944 
Series K018, Class X1 IO,          
1.544%, 01/25/2022   4,639,354    275,900 
Series K022, Class X1 IO,          
1.398%, 07/25/2022   12,076,396    727,026 
Series K026, Class X1 IO,          
1.157%, 11/25/2022   5,703,976    294,730 
Series K030, Class X1 IO,          
0.329%, 04/25/2023   147,840,565    1,803,093 
Series K038, Class X1 IO,          
1.345%, 03/25/2024   8,661,681    620,172 
Series K704, Class X1 IO,          
2.118%, 08/25/2018   17,769,079    522,342 
Series K706, Class X1 IO,          
1.699%, 10/25/2018   5,760,850    155,411 
Series K707, Class X1 IO,          
1.668%, 12/25/2018   4,819,093    136,262 
Series K709, Class X1 IO,          
1.652%, 03/25/2019   6,394,775    199,788 

 

The accompanying notes are an integral part of the financial statements.  
185

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Short Term Government Income Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
U.S. Government Agency (continued)          
Federal Home Loan Mortgage Corp. (continued)          
Series K710, Class X1 IO,          
1.892%, 05/25/2019  $4,981,467   $186,893 
Series K711, Class X1 IO,          
1.817%, 07/25/2019   7,595,477    297,164 
Series K718, Class X1 IO,          
0.770%, 01/25/2022   21,093,041    606,952 
Federal National Mortgage Association          
Series 2013-100, Class CA,          
4.000%, 03/25/2039   2,485,728    2,619,347 
Series 2014-28, Class BD,          
3.500%, 08/25/2043   1,647,093    1,755,376 
Government National Mortgage Association,          
Series 2012-114, Class IO          
0.874%, 01/16/2053   3,219,991    206,299 
         13,049,102 
TOTAL COLLATERALIZED MORTGAGE          
OBLIGATIONS (Cost $12,808,628)       $13,049,102 
           
SHORT-TERM INVESTMENTS - 0.7%          
Repurchase agreement - 0.7%          
Barclays Tri-Party Repurchase Agreement          
dated 09/30/2016 at 0.420% to be          
repurchased at $1,032,036 on 10/03/2016,          
collateralized by $1,014,700 U.S. Treasury          
Inflation Indexed Notes, 0.125% due          
04/15/2021 (valued at $1,052,691,          
including interest)   1,032,000    1,032,000 
Repurchase Agreement with State Street Corp.          
dated 09/30/2016 at 0.030% to be          
repurchased at $1,433,004 on 10/03/2016,          
collateralized by $1,330,000 U.S. Treasury          
Notes, 3.500% due 05/15/2020 (valued at          
$1,466,325, including interest)   1,433,000    1,433,000 
         2,465,000 
TOTAL SHORT-TERM INVESTMENTS (Cost $2,465,000)       $2,465,000 
Total Investments (Short Term Government Income Trust)          
(Cost $327,409,319) - 98.4%       $329,543,500 
Other assets and liabilities, net - 1.6%        5,414,887 
TOTAL NET ASSETS - 100.0%       $334,958,387 

 

Small Cap Growth Trust

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS - 95.4%          
Consumer discretionary - 12.7%          
Auto components - 0.8%          
Fox Factory Holding Corp. (I)   144,305  $3,314,690 
Hotels, restaurants and leisure - 6.4%          
ClubCorp Holdings, Inc.   445,852    6,451,478 
Jack in the Box, Inc.   39,083    3,749,623 
Panera Bread Company, Class A (I)   43,369    8,444,812 
Planet Fitness, Inc., Class A (I)(L)   242,300    4,862,961 
Wingstop, Inc. (L)   84,632    2,479,718 
         25,988,592 

 

Small Cap Growth Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Specialty retail - 2.6%          
Dick’s Sporting Goods, Inc.   56,492   $3,204,226 
DSW, Inc., Class A   140,866    2,884,936 
Five Below, Inc. (I)   32,739    1,319,054 
Monro Muffler Brake, Inc.   52,681    3,222,497 
         10,630,713 
Textiles, apparel and luxury goods - 2.9%          
G-III Apparel Group, Ltd. (I)   54,088    1,576,665 
Kate Spade & Company (I)   221,573    3,795,545 
Steven Madden, Ltd. (I)   179,299    6,196,573 
         11,568,783 
         51,502,778 
Consumer staples - 1.3%          
Beverages - 0.1%          
MGP Ingredients, Inc.   13,192    534,540 
Food products - 1.2%          
Greencore Group PLC   531,779    2,311,394 
Post Holdings, Inc. (I)   29,860    2,304,296 
         4,615,690 
         5,150,230 
Energy - 2.6%          
Energy equipment and services - 0.6%          
Patterson-UTI Energy, Inc.   114,868    2,569,597 
Oil, gas and consumable fuels - 2.0%          
QEP Resources, Inc.   183,111    3,576,158 
WPX Energy, Inc. (I)   341,221    4,500,705 
         10,646,460 
Financials - 5.9%          
Banks - 1.9%          
Sterling Bancorp   202,392    3,541,860 
United Community Banks, Inc.   203,074    4,268,615 
         7,810,475 
Capital markets - 1.2%          
MarketAxess Holdings, Inc.   9,463    1,566,978 
WisdomTree Investments, Inc. (L)   318,161    3,273,877 
         4,840,855 
Insurance - 1.4%          
Assurant, Inc.   36,104    3,330,594 
First American Financial Corp.   63,704    2,502,293 
         5,832,887 
Mortgage real estate investment trusts - 1.4%          
Hannon Armstrong Sustainable          
Infrastructure Capital, Inc.   236,583    5,528,945 
         24,013,162 
Health care - 20.7%          
Biotechnology - 8.6%          
Alder Biopharmaceuticals, Inc. (I)(L)   83,077    2,722,433 
ARIAD Pharmaceuticals, Inc. (I)(L)   228,987    3,134,832 
Bluebird Bio, Inc. (I)(L)   49,369    3,346,231 
Coherus Biosciences, Inc. (I)(L)   57,602    1,542,582 
Five Prime Therapeutics, Inc. (I)   78,609    4,126,186 
Galapagos NV, ADR (I)(L)   52,962    3,424,523 
Global Blood Therapeutics, Inc. (I)(L)   77,117    1,777,547 
Ironwood Pharmaceuticals, Inc. (I)   158,095    2,510,549 
Novavax, Inc. (I)(L)   395,636    822,923 
Otonomy, Inc. (I)   105,723    1,923,101 

 

The accompanying notes are an integral part of the financial statements.  
186

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Growth Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Biotechnology (continued)          
Portola Pharmaceuticals, Inc. (I)   60,823   $1,381,290 
PTC Therapeutics, Inc. (I)(L)   69,336    971,397 
TESARO, Inc. (I)(L)   45,914    4,602,419 
Ultragenyx Pharmaceutical, Inc. (I)   35,629    2,527,521 
         34,813,534 
Health care equipment and supplies - 7.5%          
Align Technology, Inc. (I)   68,641    6,435,094 
DexCom, Inc. (I)   54,739    4,798,421 
Globus Medical, Inc., Class A (I)   121,000    2,730,970 
Inogen, Inc. (I)   57,694    3,455,871 
Insulet Corp. (I)   203,102    8,314,996 
Nevro Corp. (I)(L)   46,007    4,802,671 
         30,538,023 
Health care providers and services - 1.5%          
Acadia Healthcare Company, Inc. (I)   121,090    6,000,010 
Health care technology - 1.0%          
Veeva Systems, Inc., Class A (I)   95,245    3,931,714 
Life sciences tools and services - 0.4%          
Patheon NV (I)   55,524    1,645,176 
Pharmaceuticals - 1.7%          
Aerie Pharmaceuticals, Inc. (I)   114,883    4,335,684 
Intersect ENT, Inc. (I)   111,402    1,764,608 
MyoKardia, Inc. (I)   45,400    741,836 
         6,842,128 
         83,770,585 
Industrials - 13.4%          
Aerospace and defense - 1.3%          
Astronics Corp. (I)   68,167    3,070,923 
HEICO Corp., Class A   36,078    2,183,080 
         5,254,003 
Building products - 2.4%          
Advanced Drainage Systems, Inc.   210,494    5,064,486 
Masonite International Corp. (I)   75,176    4,673,692 
         9,738,178 
Electrical equipment - 0.2%          
Generac Holdings, Inc. (I)(L)   18,383    667,303 
Machinery - 2.8%          
Altra Industrial Motion Corp. (L)   161,231    4,670,862 
The Middleby Corp. (I)   53,319    6,591,295 
         11,262,157 
Marine - 1.0%          
Kirby Corp. (I)   64,010    3,978,862 
Professional services - 0.8%          
WageWorks, Inc. (I)   50,801    3,094,289 
Road and rail - 3.0%          
Knight Transportation, Inc.   259,769    7,452,773 
Swift Transportation Company (I)(L)   226,707    4,867,399 
         12,320,172 
Trading companies and distributors - 1.9%          
Applied Industrial Technologies, Inc.   94,730    4,427,680 
WESCO International, Inc. (I)   54,536    3,353,419 
         7,781,099 
         54,096,063 

 

Small Cap Growth Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Information technology - 31.7%          
Communications equipment - 0.6%          
Arista Networks, Inc. (I)(L)   28,600   $2,433,288 
Electronic equipment, instruments and components - 0.3%          
Coherent, Inc. (I)   11,110    1,228,099 
Internet software and services - 8.5%          
2U, Inc. (I)   57,558    2,203,896 
CoStar Group, Inc. (I)   25,964    5,621,985 
Envestnet, Inc. (I)   102,774    3,746,112 
Five9, Inc. (I)   141,330    2,216,054 
GoDaddy, Inc., Class A (I)(L)   158,200    5,462,646 
Just Eat PLC (I)   420,368    2,914,569 
Mimecast, Ltd. (I)   112,100    2,144,473 
Stamps.com, Inc. (I)(L)   32,470    3,068,740 
Wix.com, Ltd. (I)   74,473    3,234,362 
Zillow Group, Inc., Class C (I)(L)   113,421    3,930,038 
         34,542,875 
IT services - 5.9%          
EPAM Systems, Inc. (I)   42,813    2,967,369 
InterXion Holding NV (I)   106,102    3,843,014 
MAXIMUS, Inc.   55,855    3,159,159 
Virtusa Corp. (I)   54,561    1,346,565 
WEX, Inc. (I)   55,069    5,952,408 
WNS Holdings, Ltd., ADR (I)   219,840    6,584,208 
         23,852,723 
Semiconductors and semiconductor equipment - 1.9%          
Entegris, Inc. (I)   172,501    3,004,967 
MACOM Technology          
Solutions Holdings, Inc. (I)   72,913    3,087,136 
Mellanox Technologies, Ltd. (I)   17,716    766,217 
SunPower Corp. (I)(L)   68,107    607,514 
         7,465,834 
Software - 14.5%          
Atlassian Corp. PLC, Class A (I)   100,039    2,998,169 
BroadSoft, Inc. (I)   94,666    4,406,702 
CommVault Systems, Inc. (I)   49,203    2,614,155 
Ellie Mae, Inc. (I)   18,043    1,899,928 
Fair Isaac Corp.   56,655    7,058,646 
Gigamon, Inc. (I)   91,160    4,995,568 
Guidewire Software, Inc. (I)   54,167    3,248,937 
HubSpot, Inc. (I)   78,829    4,542,127 
Paylocity Holding Corp. (I)(L)   122,103    5,428,699 
Proofpoint, Inc. (I)   66,060    4,944,591 
SS&C Technologies Holdings, Inc.   165,710    5,327,577 
Telogis, Inc. (I)(R)   473,646    1,364,100 
The Ultimate Software Group, Inc. (I)   17,341    3,544,327 
Tyler Technologies, Inc. (I)   14,600    2,499,958 
Zendesk, Inc. (I)   125,404    3,851,157 
         58,724,641 
         128,247,460 
Materials - 2.9%          
Chemicals - 1.2%          
Platform Specialty Products Corp. (I)(L)   583,036    4,728,422 
Construction materials - 1.7%          
Headwaters, Inc. (I)   419,862    7,104,065 
         11,832,487 
Real estate - 3.3%          
Equity real estate investment trusts - 1.0%          
CoreSite Realty Corp.   55,758    4,128,322 

 

The accompanying notes are an integral part of the financial statements.  
187

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Growth Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Real estate management and development - 2.3%          
FirstService Corp.   56,412   $2,633,312 
Kennedy-Wilson Holdings, Inc.   285,212    6,431,531 
         9,064,843 
         13,193,165 
Telecommunication services - 0.9%          
Diversified telecommunication services - 0.9%          
ORBCOMM, Inc. (I)   331,871    3,401,678 
TOTAL COMMON STOCKS (Cost $349,698,979)       $385,854,068 
           
PREFERRED SECURITIES - 3.7%          
Consumer discretionary - 0.2%          
Diversified consumer services - 0.2%          
The Honest Company, Inc. (I)(R)   26,954    946,894 
Information technology - 3.5%          
Electronic equipment, instruments and components - 0.4%          
Veracode, Inc. (I)(R)   65,609    1,758,977 
Internet software and services - 0.3%          
DocuSign, Inc., Series B (I)(R)   2,936    56,342 
DocuSign, Inc., Series B1 (I)(R)   880    16,887 
DocuSign, Inc., Series D (I)(R)   2,110    40,491 
DocuSign, Inc., Series E (I)(R)   45,691    876,810 
         990,530 
Software - 2.8%          
Cloudera, Inc., Series F (I)(R)   79,228    1,650,319 
DraftKings, Inc., Series D (I)(R)   100,673    384,571 
DraftKings, Inc., Series D1 (I)(R)   90,109    457,754 
MarkLogic Corp., Series F (I)(R)   153,423    1,416,094 
Nutanix, Inc. (I)   87,010    2,977,917 
Telogis, Inc. (I)(R)   645,027    2,554,307 
Zuora, Inc., Series F (I)(R)   403,708    1,784,389 
         11,225,351 
         13,974,858 
TOTAL PREFERRED SECURITIES (Cost $11,412,144)       $14,921,752 

 

Small Cap Growth Trust (continued) 

 

    Shares or      
    Principal      
    Amount   Value 
SECURITIES LENDING COLLATERAL - 11.6%          
John Hancock Collateral Trust,          
0.6548% (W)(Y)   4,680,967   $46,840,565 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $46,838,833)       $46,840,565 
           
SHORT-TERM INVESTMENTS - 0.3%          
Repurchase agreement - 0.3%          
Societe Generale SA Tri-Party Repurchase          
Agreement dated 09/30/2016 at 0.470% to          
be repurchased at $1,300,051 on          
10/03/2016, collateralized by $861,328          
Federal Home Loan Mortgage Corp.,          
2.669% due 01/01/2035 (valued at          
$917,532, including interest) and by          
$389,571 Federal National Mortgage          
Association, 2.954% due 05/01/2040 (valued          
at $408,468, including interest)  $1,300,000   $1,300,000 
TOTAL SHORT-TERM INVESTMENTS (Cost $1,300,000)       $1,300,000 
Total Investments (Small Cap Growth Trust)          
(Cost $409,249,956) - 111.0%       $448,916,385 
Other assets and liabilities, net - (11.0%)        (44,536,972)
TOTAL NET ASSETS - 100.0%       $404,379,413 

 

Small Cap Index Trust

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS - 94.8%          
Consumer discretionary - 12.0%          
Auto components - 1.2%          
American Axle &          
Manufacturing Holdings, Inc. (I)   19,334  $332,931 
Cooper Tire & Rubber Company   13,773    523,649 
Cooper-Standard Holding, Inc. (I)   3,717    367,240 
Dana, Inc.   37,705    587,821 
Dorman Products, Inc. (I)   6,664    425,830 
Drew Industries, Inc.   5,958    584,003 
Federal-Mogul Holdings Corp. (I)   8,163    78,446 
Fox Factory Holding Corp. (I)   5,879    135,041 
Gentherm, Inc. (I)   9,342    293,526 
Horizon Global Corp. (I)   4,913    97,916 
Metaldyne Performance Group, Inc.   4,123    65,350 
Modine Manufacturing Company (I)   12,333    146,269 
Motorcar Parts of America, Inc. (I)   4,766    137,165 
Spartan Motors, Inc.   8,910    85,358 
Standard Motor Products, Inc.   5,407    258,238 
Stoneridge, Inc. (I)   6,902    126,997 
Strattec Security Corp.   1,117    39,430 
Superior Industries International, Inc.   6,275    182,979 
Tenneco, Inc. (I)   14,194    827,084 
Tower International, Inc.   5,313    128,043 
         5,423,316 
Automobiles - 0.0%          
Winnebago Industries, Inc.   6,782    159,852 
Distributors - 0.1%          
Core-Mark Holding Company, Inc.   11,526    412,631 
Weyco Group, Inc.   2,097    56,346 
         468,977 

 

The accompanying notes are an integral part of the financial statements.  
188

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Diversified consumer services - 0.9%          
American Public Education, Inc. (I)   4,121   $81,637 
Apollo Education Group, Inc. (I)   21,940    174,423 
Ascent Capital Group, Inc., Class A (I)   2,774    64,274 
Bridgepoint Education, Inc. (I)   5,137    35,291 
Bright Horizons Family Solutions, Inc. (I)   10,965    733,449 
Capella Education Company   2,882    167,271 
Career Education Corp. (I)   17,284    117,358 
Carriage Services, Inc.   3,812    90,154 
Chegg, Inc. (I)(L)   21,201    150,315 
Collectors Universe, Inc.   2,377    44,046 
DeVry Education Group, Inc.   15,857    365,662 
Education Management Corp. (I)   5,432    33 
Grand Canyon Education, Inc. (I)   11,368    459,154 
Houghton Mifflin Harcourt Company (I)   31,561    423,233 
K12, Inc. (I)   8,961    128,590 
LifeLock, Inc. (I)(L)   21,432    362,629 
Regis Corp. (I)   9,696    121,685 
Sotheby’s (L)   13,251    503,803 
Strayer Education, Inc. (I)   2,730    127,436 
Weight Watchers International, Inc. (I)(L)   7,311    75,450 
         4,225,893 
Hotels, restaurants and leisure - 2.8%          
Belmond, Ltd., Class A (I)   21,245    270,024 
Biglari Holdings, Inc. (I)   257    112,057 
BJ’s Restaurants, Inc. (I)   5,938    211,096 
Bloomin’ Brands, Inc.   28,854    497,443 
Bob Evans Farms, Inc.   5,068    194,104 
Bojangles’, Inc. (I)(L)   2,830    45,167 
Boyd Gaming Corp. (I)   20,824    411,899 
Buffalo Wild Wings, Inc. (I)   4,773    671,752 
Caesars Acquisition Company, Class A (I)   12,182    151,300 
Caesars Entertainment Corp. (I)(L)   14,770    110,037 
Carrols Restaurant Group, Inc. (I)   8,871    117,186 
Century Casinos, Inc. (I)   6,717    46,414 
Churchill Downs, Inc.   3,385    495,395 
Chuy’s Holdings, Inc. (I)   4,222    117,963 
ClubCorp Holdings, Inc.   16,637    240,737 
Cracker Barrel Old Country Store, Inc. (L)   4,807    635,582 
Dave & Buster’s Entertainment, Inc. (I)   9,567    374,835 
Del Frisco’s Restaurant Group, Inc. (I)   6,501    87,568 
Del Taco Restaurants, Inc. (I)   6,537    77,921 
Denny’s Corp. (I)   19,364    207,001 
DineEquity, Inc.   4,366    345,744 
El Pollo Loco Holdings, Inc. (I)(L)   5,542    69,774 
Eldorado Resorts, Inc. (I)   7,188    101,063 
Fiesta Restaurant Group, Inc. (I)   6,941    166,584 
Golden Entertainment, Inc.   2,939    36,649 
International Speedway Corp., Class A   6,831    228,292 
Interval Leisure Group, Inc.   28,706    492,882 
Intrawest Resorts Holdings, Inc. (I)   4,359    70,703 
Isle of Capri Casinos, Inc. (I)   6,637    147,872 
J Alexander’s Holdings, Inc. (I)   4,351    44,076 
Jack in the Box, Inc.   8,227    789,298 
Jamba, Inc. (I)   3,986    43,527 
La Quinta Holdings, Inc. (I)   21,727    242,908 
Lindblad Expeditions Holdings, Inc. (I)   4,895    44,055 
Marriott Vacations Worldwide Corp.   5,632    412,938 
Monarch Casino & Resort, Inc. (I)   2,955    74,377 
Nathan’s Famous, Inc. (I)(L)   899    47,238 
Papa John’s International, Inc.   6,860    540,911 
Penn National Gaming, Inc. (I)   19,006    257,911 
Pinnacle Entertainment, Inc. (I)   14,846    183,200 
Planet Fitness, Inc., Class A (I)   4,015    80,581 

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Hotels, restaurants and leisure (continued)          
Popeyes Louisiana Kitchen, Inc. (I)   5,449  $289,560 
Potbelly Corp. (I)(L)   6,623    82,324 
Red Robin Gourmet Burgers, Inc. (I)   3,511    157,784 
Red Rock Resorts, Inc., Class A   7,662    180,747 
Ruby Tuesday, Inc. (I)   17,120    42,800 
Ruth’s Hospitality Group, Inc.   8,471    119,611 
Scientific Games Corp., Class A (I)   13,903    156,687 
SeaWorld Entertainment, Inc. (L)   16,832    226,895 
Shake Shack, Inc., Class A (I)(L)   4,060    140,760 
Sonic Corp.   11,930    312,327 
Speedway Motorsports, Inc.   3,518    62,831 
Texas Roadhouse, Inc.   16,685    651,216 
The Cheesecake Factory, Inc.   11,407    571,034 
The Habit Restaurants, Inc., Class A (I)(L)   3,786    53,004 
The Marcus Corp.   4,925    123,322 
Wingstop, Inc.   4,105    120,277 
Zoe’s Kitchen, Inc. (I)(L)   4,882    108,332 
         12,895,575 
Household durables - 1.3%          
Bassett Furniture Industries, Inc.   2,812    65,379 
Beazer Homes USA, Inc. (I)   8,414    98,107 
Cavco Industries, Inc. (I)   2,152    213,156 
Century Communities, Inc. (I)   4,138    89,008 
CSS Industries, Inc.   2,690    68,810 
Ethan Allen Interiors, Inc.   6,184    193,374 
Flexsteel Industries, Inc.   1,775    91,803 
GoPro, Inc., Class A (I)(L)   25,754    429,577 
Green Brick Partners, Inc. (I)(L)   6,668    55,078 
Helen of Troy, Ltd. (I)   6,972    600,777 
Hooker Furniture Corp.   3,014    73,813 
Hovnanian Enterprises, Inc., Class A (I)(L)   33,496    56,608 
Installed Building Products, Inc. (I)   5,069    181,825 
iRobot Corp. (I)   6,813    299,636 
KB Home (L)   21,011    338,697 
La-Z-Boy, Inc.   12,366    303,709 
LGI Homes, Inc. (I)(L)   3,877    142,829 
Libbey, Inc.   6,037    107,760 
Lifetime Brands, Inc.   3,113    41,901 
M/I Homes, Inc. (I)   6,044    142,457 
MDC Holdings, Inc.   9,807    253,021 
Meritage Homes Corp. (I)   9,616    333,675 
NACCO Industries, Inc., Class A   1,051    71,426 
Taylor Morrison Home Corp., Class A (I)   7,746    136,330 
The New Home Company, Inc. (I)   3,898    41,592 
TopBuild Corp. (I)   9,622    319,450 
TRI Pointe Group, Inc. (I)   37,679    496,609 
Universal Electronics, Inc. (I)   3,596    267,758 
WCI Communities, Inc. (I)   5,786    137,244 
William Lyon Homes, Class A (I)   6,275    116,401 
ZAGG, Inc. (I)   7,573    61,341 
         5,829,151 
Internet and direct marketing retail - 0.5%          
1-800-Flowers.com, Inc., Class A (I)   7,017    64,346 
Blue Nile, Inc.   2,928    100,782 
Duluth Holdings, Inc., Class B (I)(L)   2,466    65,374 
Etsy, Inc. (I)   26,874    383,761 
FTD Companies, Inc. (I)   4,507    92,709 
HSN, Inc.   7,893    314,141 
Lands’ End, Inc. (I)(L)   3,959    57,406 
Liberty TripAdvisor Holdings, Inc., Class A (I)   18,516    404,575 
Nutrisystem, Inc.   7,419    220,270 
Overstock.com, Inc. (I)   3,443    52,747 

 

The accompanying notes are an integral part of the financial statements.  
189

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Internet and direct marketing retail (continued)          
PetMed Express, Inc. (L)   5,085   $103,124 
Shutterfly, Inc. (I)   8,741    390,198 
Wayfair, Inc., Class A (I)(L)   7,964    313,543 
         2,562,976 
Leisure products - 0.3%          
Arctic Cat, Inc.   3,610    55,919 
Callaway Golf Company   24,231    281,322 
JAKKS Pacific, Inc. (I)(L)   4,670    40,349 
Johnson Outdoors, Inc., Class A   1,486    54,046 
Malibu Boats, Inc., Class A (I)   5,103    76,035 
Nautilus, Inc. (I)   8,017    182,146 
Smith & Wesson Holding Corp. (I)(L)   13,758    365,825 
Sturm Ruger & Company, Inc. (L)   4,668    269,624 
         1,325,266 
Media - 1.5%          
AMC Entertainment Holdings, Inc., Class A   5,451    169,472 
Carmike Cinemas, Inc. (I)   6,166    201,567 
Central European Media          
Enterprises, Ltd., Class A (I)(L)   22,663    52,352 
Daily Journal Corp. (I)   324    70,956 
Entercom Communications Corp., Class A   7,290    94,333 
Entravision Communications Corp., Class A   17,078    130,305 
Eros International PLC (I)(L)   7,469    114,425 
Gannett Company, Inc.   29,708    345,801 
Global Eagle Entertainment, Inc. (I)   11,999    99,712 
Gray Television, Inc. (I)   16,720    173,219 
IMAX Corp. (I)   14,788    428,408 
Liberty Braves Group, Class A (I)   2,956    51,582 
Liberty Braves Group, Class C (I)   8,080    140,430 
Liberty Media Group LLC, Series A (I)   5,830    167,030 
Liberty Media Group LLC, Series C (I)   11,483    323,132 
Loral Space & Communications, Inc. (I)   3,597    140,679 
MDC Partners, Inc., Class A (L)   13,239    141,922 
Media General, Inc. (I)   27,818    512,686 
Meredith Corp.   9,494    493,593 
MSG Networks, Inc., Class A (I)   15,123    281,439 
National CineMedia, Inc.   15,611    229,794 
New Media Investment Group, Inc.   10,122    156,891 
Nexstar Broadcasting Group, Inc., Class A (L)   7,649    441,424 
Reading International, Inc., Class A (I)   4,786    63,893 
Scholastic Corp.   6,918    272,292 
Sinclair Broadcast Group, Inc., Class A   16,887    487,697 
The EW Scripps Company, Class A (I)   15,435    245,417 
The New York Times Company, Class A   31,703    378,851 
Time, Inc.   26,288    380,650 
tronc, Inc.   7,070    119,342 
World Wrestling Entertainment, Inc., Class A   9,308    198,260 
         7,107,554 
Multiline retail - 0.2%          
Big Lots, Inc. (L)   11,197    534,657 
Fred’s, Inc., Class A   9,237    83,687 
Ollie’s Bargain Outlet Holdings, Inc. (I)   5,100    133,671 
Sears Holdings Corp. (I)(L)   3,198    36,649 
Tuesday Morning Corp. (I)   11,903    71,180 
         859,844 
Specialty retail - 2.4%          
Aaron’s, Inc.   16,538    420,396 
Abercrombie & Fitch Company, Class A   17,260    274,261 
America’s Car-Mart, Inc. (I)   2,148    78,166 
American Eagle Outfitters, Inc. (L)   41,908    748,477 
Asbury Automotive Group, Inc. (I)   5,036    280,354 

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Specialty retail (continued)          
Ascena Retail Group, Inc. (I)   44,165   $246,882 
Barnes & Noble Education, Inc. (I)   10,468    100,179 
Barnes & Noble, Inc.   16,275    183,908 
Big 5 Sporting Goods Corp.   4,645    63,265 
Boot Barn Holdings, Inc. (I)(L)   3,651    41,548 
Build-A-Bear Workshop, Inc. (I)   3,977    41,202 
Caleres, Inc.   10,908    275,863 
Chico’s FAS, Inc.   32,991    392,593 
Citi Trends, Inc.   3,912    77,966 
Conn’s, Inc. (I)   5,253    54,211 
Destination XL Group, Inc. (I)   10,994    47,604 
DSW, Inc., Class A   16,959    347,320 
Express, Inc. (I)   18,826    221,959 
Five Below, Inc. (I)   13,550    545,930 
Francesca’s Holdings Corp. (I)   10,460    161,398 
Genesco, Inc. (I)   5,153    280,632 
GNC Holdings, Inc., Class A   17,454    356,411 
Group 1 Automotive, Inc.   5,266    336,392 
Guess?, Inc.   15,620    228,208 
Haverty Furniture Companies, Inc.   5,104    102,284 
Hibbett Sports, Inc. (I)(L)   5,782    230,702 
Kirkland’s, Inc. (I)   3,960    48,233 
Lithia Motors, Inc., Class A   5,982    571,401 
Lumber Liquidators Holdings, Inc. (I)(L)   6,858    134,897 
MarineMax, Inc. (I)   6,618    138,647 
Monro Muffler Brake, Inc.   7,934    485,323 
Office Depot, Inc.   140,583    501,881 
Party City Holdco, Inc. (I)   7,076    121,141 
Pier 1 Imports, Inc. (L)   21,299    90,308 
Rent-A-Center, Inc.   13,469    170,248 
Restoration Hardware Holdings, Inc. (I)(L)   9,846    340,475 
Select Comfort Corp. (I)   11,756    253,930 
Shoe Carnival, Inc.   3,820    101,841 
Sonic Automotive, Inc., Class A   7,120    133,856 
Sportsman’s Warehouse Holdings, Inc. (I)   6,672    70,189 
Stage Stores, Inc.   7,286    40,874 
Stein Mart, Inc.   8,404    53,365 
Tailored Brands, Inc. (L)   12,766    200,426 
The Buckle, Inc. (L)   7,299    175,395 
The Cato Corp., Class A   6,550    215,430 
The Children’s Place, Inc.   4,672    373,153 
The Finish Line, Inc., Class A   10,454    241,278 
Tile Shop Holdings, Inc. (I)   8,481    140,361 
Vitamin Shoppe, Inc. (I)   6,114    164,161 
West Marine, Inc. (I)   5,590    46,229 
Winmark Corp.   636    67,111 
Zumiez, Inc. (I)   4,924    88,632 
         11,106,896 
Textiles, apparel and luxury goods - 0.8%          
Columbia Sportswear Company   6,858    389,123 
Crocs, Inc. (I)   19,226    159,576 
Culp, Inc.   2,972    88,476 
Deckers Outdoor Corp. (I)   8,198    488,191 
Fossil Group, Inc. (I)(L)   10,682    296,639 
G-III Apparel Group, Ltd. (I)   10,941    318,930 
Iconix Brand Group, Inc. (I)(L)   11,807    95,873 
Movado Group, Inc.   4,025    86,457 
Oxford Industries, Inc.   3,911    264,775 
Perry Ellis International, Inc. (I)   3,626    69,909 
Sequential Brands Group, Inc. (I)(L)   10,733    85,864 
Steven Madden, Ltd. (I)   15,681    541,935 
Unifi, Inc. (I)   4,148    122,076 
Vera Bradley, Inc. (I)   5,501    83,340 

 

The accompanying notes are an integral part of the financial statements.  
190

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Textiles, apparel and luxury goods (continued)          
Wolverine World Wide, Inc.   24,555   $565,502 
         3,656,666 
         55,621,966 
Consumer staples - 2.8%          
Beverages - 0.2%          
Coca-Cola Bottling Company Consolidated   1,201    177,940 
Craft Brew Alliance, Inc. (I)   3,796    71,479 
MGP Ingredients, Inc.   3,184    129,016 
National Beverage Corp. (I)(L)   2,963    130,520 
Primo Water Corp. (I)   5,835    70,779 
The Boston Beer Company, Inc., Class A (I)   2,212    343,435 
         923,169 
Food and staples retailing - 0.5%          
Ingles Markets, Inc., Class A   3,705    146,496 
Performance Food Group Company (I)   9,446    234,261 
PriceSmart, Inc.   5,107    427,762 
Smart & Final Stores, Inc. (I)   6,170    78,791 
SpartanNash Company   9,351    270,431 
SUPERVALU, Inc. (I)   67,567    337,159 
The Andersons, Inc.   6,859    248,159 
The Chefs’ Warehouse, Inc. (I)   5,383    59,967 
United Natural Foods, Inc. (I)   12,546    502,342 
Village Super Market, Inc., Class A   2,043    65,396 
Weis Markets, Inc.   2,496    132,288 
         2,503,052 
Food products - 1.3%          
Amplify Snack Brands, Inc. (I)(L)   7,503    121,549 
B&G Foods, Inc.   15,616    767,995 
Cal-Maine Foods, Inc. (L)   7,813    301,113 
Calavo Growers, Inc.   3,906    255,570 
Darling Ingredients, Inc. (I)   41,555    561,408 
Dean Foods Company   23,060    378,184 
Farmer Brothers Company (I)   2,163    76,895 
Fresh Del Monte Produce, Inc.   8,039    481,536 
Freshpet, Inc. (I)(L)   6,302    54,512 
Inventure Foods, Inc. (I)   5,396    50,722 
J&J Snack Foods Corp.   3,785    450,869 
John B. Sanfilippo & Son, Inc.   2,236    114,774 
Lancaster Colony Corp.   4,701    620,955 
Landec Corp. (I)   7,327    98,255 
Limoneira Company (L)   3,704    70,006 
Omega Protein Corp. (I)   5,585    130,521 
Sanderson Farms, Inc. (L)   5,021    483,673 
Seaboard Corp. (I)   66    227,040 
Seneca Foods Corp., Class A (I)   1,834    51,792 
Snyder’s-Lance, Inc.   20,360    683,689 
Tootsie Roll Industries, Inc. (L)   4,413    162,531 
         6,143,589 
Household products - 0.3%          
Central Garden & Pet Company (I)   2,917    75,842 
Central Garden & Pet Company, Class A (I)   8,124    201,475 
HRG Group, Inc. (I)   30,049    471,769 
Oil-Dri Corp. of America   1,481    55,745 
Orchids Paper Products Company (L)   2,430    66,169 
WD-40 Company   3,545    398,564 
         1,269,564 
Personal products - 0.3%          
Avon Products, Inc.   112,069    634,311 
Inter Parfums, Inc.   4,551    146,861 

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Personal products (continued)          
Lifevantage Corp. (I)   3,716   $35,153 
Medifast, Inc.   2,686    101,504 
Natural Health Trends Corp. (L)   1,987    56,153 
Nutraceutical International Corp. (I)   2,507    78,319 
Revlon, Inc., Class A (I)   2,972    109,310 
USANA Health Sciences, Inc. (I)   1,329    183,867 
         1,345,478 
Tobacco - 0.2%          
Alliance One International, Inc. (I)   2,348    44,894 
Universal Corp.   5,643    328,535 
Vector Group, Ltd. (L)   23,317    502,023 
         875,452 
         13,060,304 
Energy - 3.0%          
Energy equipment and services - 1.0%          
Archrock, Inc.   17,849    233,465 
Atwood Oceanics, Inc. (L)   15,509    134,773 
Bristow Group, Inc.   8,622    120,880 
CARBO Ceramics, Inc. (L)   5,297    57,949 
Dawson Geophysical Company (I)   6,034    46,039 
Era Group, Inc. (I)   5,846    47,060 
Exterran Corp. (I)   8,265    129,595 
Fairmount Santrol Holdings, Inc. (I)(L)   17,091    144,932 
Forum Energy Technologies, Inc. (I)   15,203    301,932 
Geospace Technologies Corp. (I)   3,553    69,212 
Helix Energy Solutions Group, Inc. (I)   25,774    209,543 
Hornbeck Offshore Services, Inc. (I)(L)   9,275    51,013 
Independence Contract Drilling, Inc. (I)   8,585    45,071 
Matrix Service Company (I)   7,111    133,402 
McDermott International, Inc. (I)   61,311    307,168 
Natural Gas Services Group, Inc. (I)   3,209    78,909 
Newpark Resources, Inc. (I)   21,618    159,108 
Oil States International, Inc. (I)   12,858    405,927 
Parker Drilling Company (I)   31,863    69,143 
PHI, Inc. (I)   3,522    63,995 
Pioneer Energy Services Corp. (I)   16,797    67,860 
RigNet, Inc. (I)   3,600    54,432 
SEACOR Holdings, Inc. (I)(L)   4,039    240,280 
Seadrill, Ltd. (I)(L)   95,599    226,570 
Tesco Corp.   12,507    102,057 
TETRA Technologies, Inc. (I)   23,164    141,532 
Tidewater, Inc. (L)   14,048    39,615 
U.S. Silica Holdings, Inc.   16,226    755,483 
Unit Corp. (I)   12,971    241,261 
         4,678,206 
Oil, gas and consumable fuels - 2.0%          
Abraxas Petroleum Corp. (I)   35,541    60,064 
Alon USA Energy, Inc.   8,213    66,197 
Ardmore Shipping Corp.   7,442    52,392 
Bill Barrett Corp. (I)   13,415    74,587 
California Resources Corp. (I)(L)   8,280    103,500 
Callon Petroleum Company (I)   30,891    484,989 
Carrizo Oil & Gas, Inc. (I)   14,206    577,048 
Clayton Williams Energy, Inc. (I)   1,529    130,638 
Clean Energy Fuels Corp. (I)(L)   22,711    101,518 
Cobalt International Energy, Inc. (I)   106,474    132,028 
Contango Oil & Gas Company (I)   4,904    50,119 
CVR Energy, Inc. (L)   4,212    57,999 
Delek US Holdings, Inc.   15,745    272,231 
Denbury Resources, Inc. (I)(L)   89,740    289,860 
DHT Holdings, Inc.   23,820    99,806 

 

The accompanying notes are an integral part of the financial statements.  
191

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Oil, gas and consumable fuels (continued)          
Dorian LPG, Ltd. (I)(L)   6,870   $41,220 
Eclipse Resources Corp. (I)   15,334    50,449 
EP Energy Corp., Class A (I)(L)   9,905    43,384 
EXCO Resources, Inc. (I)(L)   37,497    40,122 
Frontline, Ltd. (L)   16,643    119,330 
GasLog, Ltd. (L)   10,358    150,709 
Gener8 Maritime, Inc. (I)(L)   10,508    53,801 
Golar LNG, Ltd. (L)   22,667    480,540 
Green Plains, Inc.   9,168    240,202 
Matador Resources Company (I)   21,119    514,036 
Nordic American Tankers, Ltd. (L)   21,871    221,116 
Northern Oil and Gas, Inc. (I)(L)   13,766    36,893 
Oasis Petroleum, Inc. (I)   45,347    520,130 
Overseas Shipholding Group, Inc., Class A   9,495    100,362 
Pacific Ethanol, Inc. (I)   7,523    51,984 
Panhandle Oil and Gas, Inc., Class A   4,210    73,801 
Par Pacific Holdings, Inc. (I)   7,264    95,013 
PDC Energy, Inc. (I)   11,677    783,060 
Renewable Energy Group, Inc. (I)   11,167    94,584 
REX American Resources Corp. (I)   1,442    122,224 
Ring Energy, Inc. (I)   9,654    105,711 
RSP Permian, Inc. (I)   19,893    771,451 
Sanchez Energy Corp. (I)(L)   14,557    128,684 
Scorpio Tankers, Inc.   41,840    193,719 
SemGroup Corp., Class A   13,436    475,097 
Ship Finance International, Ltd. (L)   14,856    218,829 
Synergy Resources Corp. (I)(L)   47,317    327,907 
Teekay Corp.   11,639    89,737 
Teekay Tankers, Ltd., Class A   30,681    77,623 
Western Refining, Inc.   17,149    453,763 
Westmoreland Coal Company (I)   5,396    47,809 
         9,276,266 
         13,954,472 
Financials - 16.7%          
Banks - 9.4%          
1st Source Corp.   3,796    135,498 
ACNB Corp.   2,036    54,117 
Allegiance Bancshares, Inc. (I)   3,041    82,107 
American National Bankshares, Inc.   2,701    75,493 
Ameris Bancorp   8,501    297,110 
Ames National Corp. (L)   2,868    79,329 
Arrow Financial Corp.   3,191    104,759 
Atlantic Capital Bancshares, Inc. (I)   4,825    72,279 
Banc of California, Inc.   12,195    212,925 
BancFirst Corp.   1,880    136,319 
Banco Latinoamericano de          
Comercio Exterior SA   7,346    207,010 
BancorpSouth, Inc.   21,588    500,842 
Bank of Marin Bancorp   1,742    86,630 
Bank of the Ozarks, Inc.   22,287    855,821 
Bankwell Financial Group, Inc.   2,045    48,446 
Banner Corp.   7,684    336,098 
Bar Harbor Bankshares   2,012    73,881 
Berkshire Hills Bancorp, Inc.   7,527    208,573 
Blue Hills Bancorp, Inc.   6,745    101,310 
BNC Bancorp   10,009    243,419 
Boston Private Financial Holdings, Inc.   20,832    267,275 
Bridge Bancorp, Inc.   4,408    126,025 
Brookline Bancorp, Inc.   18,111    220,773 
Bryn Mawr Bank Corp.   4,355    139,316 
C&F Financial Corp.   1,045    45,019 
Camden National Corp.   2,609    124,554 

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Banks (continued)          
Capital Bank Financial Corp., Class A   4,711   $151,270 
Cardinal Financial Corp.   8,011    209,007 
Carolina Financial Corp. (L)   3,027    67,623 
Cathay General Bancorp   18,511    569,769 
CenterState Banks, Inc.   11,761    208,523 
Central Pacific Financial Corp.   7,739    194,945 
Central Valley Community Bancorp   2,643    41,918 
Chemical Financial Corp.   16,413    724,306 
Citizens & Northern Corp.   3,887    85,397 
City Holding Company   3,616    181,849 
CNB Financial Corp.   4,382    92,723 
CoBiz Financial, Inc.   10,133    134,870 
Codorus Valley Bancorp, Inc.   2,655    58,091 
Columbia Banking System, Inc.   14,765    483,111 
Community Bank Systems, Inc.   10,629    511,361 
Community Trust Bancorp, Inc.   3,780    140,276 
ConnectOne Bancorp, Inc.   7,417    133,951 
CU Bancorp (I)   4,477    102,120 
Customers Bancorp, Inc. (I)   5,900    148,444 
CVB Financial Corp.   25,735    453,193 
Eagle Bancorp, Inc. (I)   7,698    379,742 
Enterprise Financial Services Corp.   4,943    154,469 
Equity Bancshares, Inc., Class A (I)   1,663    43,138 
Farmers Capital Bank Corp.   2,419    71,699 
Farmers National Banc Corp.   7,686    82,855 
FCB Financial Holdings, Inc., Class A (I)   7,553    290,262 
Fidelity Southern Corp.   5,833    107,269 
Financial Institutions, Inc.   3,823    103,642 
First Bancorp   5,482    108,489 
First BanCorp (I)   31,010    161,252 
First Bancorp, Inc.   3,463    83,008 
First Busey Corp.   7,752    175,195 
First Business Financial Services, Inc.   2,589    60,842 
First Citizens BancShares, Inc., Class A   1,835    539,288 
First Commonwealth Financial Corp.   22,145    223,443 
First Community Bancshares, Inc.   4,313    106,962 
First Connecticut Bancorp, Inc.   4,386    78,027 
First Financial Bancorp   15,168    331,269 
First Financial Bankshares, Inc. (L)   16,129    587,741 
First Financial Corp.   2,634    107,151 
First Financial Northwest, Inc.   3,404    48,235 
First Foundation, Inc. (I)   3,558    87,776 
First Internet Bancorp   1,744    40,269 
First Interstate BancSystem, Inc., Class A   4,806    151,437 
First Merchants Corp.   10,072    269,426 
First Midwest Bancorp, Inc.   20,497    396,822 
First NBC Bank Holding Company (I)   4,575    43,188 
First Northwest Bancorp (I)   3,857    52,031 
Flushing Financial Corp.   6,971    165,352 
FNB Corp.   52,479    645,492 
Franklin Financial Network, Inc. (I)   2,518    94,173 
Fulton Financial Corp.   42,584    618,320 
German American Bancorp, Inc.   3,743    145,715 
Glacier Bancorp, Inc.   19,215    548,012 
Great Southern Bancorp, Inc.   2,810    114,367 
Great Western Bancorp, Inc.   14,681    489,171 
Green Bancorp, Inc. (I)   5,955    65,088 
Guaranty Bancorp   4,498    80,289 
Hancock Holding Company   19,459    631,055 
Hanmi Financial Corp.   7,938    209,087 
Heartland Financial USA, Inc.   5,546    200,044 
Heritage Commerce Corp.   7,993    87,443 
Heritage Financial Corp.   7,898    141,769 

 

The accompanying notes are an integral part of the financial statements.  
192

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Banks (continued)          
Heritage Oaks Bancorp   8,140   $66,748 
Hilltop Holdings, Inc. (I)   18,924    425,033 
Home BancShares, Inc.   30,373    632,062 
HomeTrust Bancshares, Inc. (I)   4,645    85,933 
Hope Bancorp, Inc.   32,489    564,334 
Horizon Bancorp   3,545    104,152 
Huntington Bancshares, Inc.   69,047    680,803 
IBERIABANK Corp.   10,258    688,517 
Independent Bank Corp. (MA)   6,358    343,904 
Independent Bank Corp. (MI)   5,503    92,615 
Independent Bank Group, Inc.   2,825    124,780 
International Bancshares Corp.   13,878    413,287 
Investors Bancorp, Inc.   73,371    881,186 
Lakeland Bancorp, Inc.   10,306    144,696 
Lakeland Financial Corp.   5,900    208,978 
LCNB Corp.   3,131    57,047 
LegacyTexas Financial Group, Inc.   11,298    357,356 
Live Oak Bancshares, Inc. (L)   5,694    82,107 
Macatawa Bank Corp.   8,271    66,085 
MainSource Financial Group, Inc.   6,035    150,573 
MB Financial, Inc.   17,366    660,603 
MBT Financial Corp.   5,615    50,816 
Mercantile Bank Corp.   4,395    118,006 
Merchants Bancshares, Inc.   2,135    69,153 
Middleburg Financial Corp.   1,594    45,078 
MidWestOne Financial Group, Inc.   2,564    77,869 
MutualFirst Financial, Inc.   1,913    53,047 
National Bank Holdings Corp., Class A   6,744    157,607 
National Bankshares, Inc. (L)   2,351    86,470 
National Commerce Corp. (I)   2,681    72,548 
NBT Bancorp, Inc.   10,179    334,584 
Nicolet Bankshares, Inc. (I)   2,117    81,187 
Northrim BanCorp, Inc.   2,246    57,835 
OFG Bancorp   11,177    112,999 
Old Line Bancshares, Inc.   2,787    54,988 
Old National Bancorp   33,347    468,859 
Old Second Bancorp, Inc.   8,426    70,020 
Opus Bank   4,250    150,323 
Pacific Continental Corp.   5,864    98,632 
Pacific Mercantile Bancorp (I)   6,043    44,537 
Pacific Premier Bancorp, Inc. (I)   6,993    185,035 
Park National Corp.   3,269    313,824 
Park Sterling Corp.   14,122    114,671 
Peapack Gladstone Financial Corp.   4,496    100,755 
Penns Woods Bancorp, Inc.   1,704    75,760 
People’s Utah Bancorp   4,107    83,577 
Peoples Bancorp, Inc.   4,364    107,311 
Peoples Financial Services Corp. (L)   2,111    86,044 
Pinnacle Financial Partners, Inc.   10,847    586,606 
Preferred Bank   3,301    118,011 
Premier Financial Bancorp, Inc.   2,953    50,614 
PrivateBancorp, Inc.   19,711    905,129 
Prosperity Bancshares, Inc.   16,728    918,200 
QCR Holdings, Inc.   3,174    100,743 
Renasant Corp.   10,320    347,062 
Republic Bancorp, Inc., Class A   2,469    76,737 
S&T Bancorp, Inc.   8,636    250,358 
Sandy Spring Bancorp, Inc.   5,914    180,850 
Seacoast Banking Corp. of Florida (I)   7,811    125,679 
ServisFirst Bancshares, Inc.   5,728    297,340 
Shore Bancshares, Inc.   4,512    53,151 
Sierra Bancorp   3,768    70,688 
Simmons First National Corp., Class A   7,440    371,256 

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Banks (continued)          
South State Corp.   5,956   $446,938 
Southern First Bancshares, Inc. (I)   1,875    51,713 
Southern National Bancorp of Virginia, Inc.   3,939    51,404 
Southside Bancshares, Inc.   6,220    200,160 
Southwest Bancorp, Inc.   5,027    95,463 
State Bank Financial Corp.   8,905    203,212 
Sterling Bancorp   31,774    556,045 
Stock Yards Bancorp, Inc.   5,404    178,116 
Stonegate Bank   3,299    111,341 
Suffolk Bancorp   3,040    105,701 
Summit Financial Group, Inc. (L)   2,483    47,574 
Texas Capital Bancshares, Inc. (I)   11,695    642,289 
The Bancorp, Inc. (I)   10,385    66,672 
The First of Long Island Corp.   3,761    124,677 
Tompkins Financial Corp.   3,525    269,345 
Towne Bank   13,674    328,586 
TriCo Bancshares   5,280    141,346 
TriState Capital Holdings, Inc. (I)   6,062    97,901 
Triumph Bancorp, Inc. (I)   4,360    86,502 
Trustmark Corp.   16,771    462,209 
UMB Financial Corp.   11,265    669,704 
Umpqua Holdings Corp.   55,380    833,469 
Union Bankshares Corp.   10,792    288,902 
United Bankshares, Inc. (L)   16,269    612,853 
United Community Banks, Inc.   18,004    378,444 
Univest Corp. of Pennsylvania   6,406    149,644 
Valley National Bancorp   61,442    597,831 
Veritex Holdings, Inc. (I)   2,889    50,240 
Washington Trust Bancorp, Inc.   3,767    151,509 
WashingtonFirst Bankshare, Inc.   2,510    61,771 
Webster Financial Corp.   22,777    865,754 
WesBanco, Inc.   9,804    322,356 
West Bancorporation, Inc.   4,940    96,824 
WestAmerica Bancorporation (L)   6,053    307,977 
Wintrust Financial Corp.   12,847    713,908 
Xenith Bankshares, Inc. (I)   23,278    53,772 
Yadkin Financial Corp.   12,259    322,289 
         43,947,178 
Capital markets - 1.3%          
Arlington Asset Investment Corp., Class A (L)   5,868    86,788 
Associated Capital Group, Inc., Class A   1,456    51,630 
BGC Partners, Inc., Class A   55,591    486,421 
Calamos Asset Management, Inc., Class A   5,683    38,758 
Cohen & Steers, Inc.   5,348    228,627 
Cowen Group, Inc., Class A (I)(L)   27,927    101,375 
Diamond Hill Investment Group, Inc.   796    147,093 
Evercore Partners, Inc., Class A   9,892    509,537 
Financial Engines, Inc. (L)   13,692    406,789 
GAIN Capital Holdings, Inc.   10,090    62,356 
GAMCO Investors, Inc., Class A   1,378    39,232 
Greenhill & Company, Inc.   7,205    169,822 
Houlihan Lokey, Inc.   3,232    80,962 
INTL. FCStone, Inc. (I)   3,991    155,050 
Investment Technology Group, Inc.   8,534    146,273 
Janus Capital Group, Inc.   36,289    508,409 
KCG Holdings, Inc., Class A (I)   13,129    203,893 
Ladenburg Thalmann          
Financial Services, Inc. (I)   29,652    68,496 
Moelis & Company, Class A   4,876    131,116 
OM Asset Management PLC   10,297    143,231 
Oppenheimer Holdings, Inc., Class A   2,976    42,527 
Piper Jaffray Companies (I)   3,917    189,191 
PJT Partners, Inc., Class A (L)   4,639    126,506 

 

The accompanying notes are an integral part of the financial statements.  
193

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Capital markets (continued)          
Safeguard Scientifics, Inc. (I)   6,244   $80,922 
Stifel Financial Corp. (I)   16,262    625,274 
Virtu Financial, Inc., Class A   6,476    96,946 
Virtus Investment Partners, Inc.   1,645    160,980 
Waddell & Reed Financial, Inc., Class A   20,248    367,704 
Westwood Holdings Group, Inc.   2,169    115,196 
WisdomTree Investments, Inc. (L)   29,506    303,617 
         5,874,721 
Consumer finance - 0.5%          
Encore Capital Group, Inc. (I)(L)   6,176    138,836 
Enova International, Inc. (I)   7,350    71,148 
EZCORP, Inc., Class A (I)   12,932    143,028 
FirstCash, Inc.   12,020    565,902 
Green Dot Corp., Class A (I)   10,732    247,480 
LendingClub Corp. (I)(L)   83,500    516,030 
Nelnet, Inc., Class A   5,074    204,837 
PRA Group, Inc. (I)   11,789    407,192 
Regional Management Corp. (I)   2,943    63,716 
World Acceptance Corp. (I)(L)   1,568    76,895 
         2,435,064 
Diversified financial services - 0.1%          
FNFV Group (I)   16,866    210,488 
Marlin Business Services Corp.   2,531    49,051 
NewStar Financial, Inc. (I)   6,658    64,649 
On Deck Capital, Inc. (I)   12,827    73,114 
PICO Holdings, Inc. (I)   6,467    76,246 
Tiptree Financial, Inc., Class A   7,388    43,885 
         517,433 
Insurance - 2.2%          
Ambac Financial Group, Inc. (I)   11,344    208,616 
American Equity Investment Life          
Holding Company   20,385    361,426 
AMERISAFE, Inc.   4,732    278,147 
Argo Group International Holdings, Ltd.   6,972    393,360 
Atlas Financial Holdings, Inc. (I)   3,342    52,703 
Baldwin & Lyons, Inc., Class B   2,631    67,433 
Citizens, Inc. (I)(L)   13,037    122,026 
CNO Financial Group, Inc.   44,750    683,333 
Crawford & Company, Class B   3,487    39,577 
Donegal Group, Inc., Class A   2,553    41,129 
eHealth, Inc. (I)   4,943    55,411 
EMC Insurance Group, Inc.   2,199    59,219 
Employers Holdings, Inc.   8,045    239,982 
Enstar Group, Ltd. (I)   2,765    454,760 
FBL Financial Group, Inc., Class A   2,455    157,046 
Federated National Holding Company   3,485    65,135 
Fidelity & Guaranty Life (L)   2,958    68,596 
Genworth Financial, Inc., Class A (I)   128,033    635,044 
Global Indemnity PLC (I)   2,317    68,815 
Greenlight Capital Re, Ltd., Class A (I)   7,712    157,633 
Hallmark Financial Services, Inc. (I)   4,330    44,556 
HCI Group, Inc.   2,303    69,919 
Heritage Insurance Holdings, Inc.   7,214    103,954 
Horace Mann Educators Corp.   10,229    374,893 
Independence Holding Company   2,418    41,541 
Infinity Property & Casualty Corp.   2,670    220,622 
Investors Title Company   471    46,865 
James River Group Holdings, Ltd.   3,540    128,148 
Kemper Corp.   10,053    395,284 
Maiden Holdings, Ltd.   14,948    189,690 
MBIA, Inc. (I)   33,209    258,698 

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Insurance (continued)          
National General Holdings Corp.   12,246   $272,351 
National Interstate Corp.   1,933    62,880 
National Western Life Group, Inc., Class A   590    121,168 
OneBeacon Insurance Group, Ltd., Class A   5,479    78,240 
Primerica, Inc.   11,831    627,398 
RLI Corp.   9,436    645,045 
Safety Insurance Group, Inc.   3,550    238,631 
Selective Insurance Group, Inc.   14,341    571,632 
State Auto Financial Corp.   4,052    96,478 
State National Companies, Inc.   8,304    92,340 
Stewart Information Services Corp.   5,698    253,276 
The Navigators Group, Inc.   2,820    273,314 
Third Point Reinsurance, Ltd. (I)   16,669    200,028 
Trupanion, Inc. (I)(L)   4,081    68,969 
United Fire Group, Inc.   5,391    228,147 
United Insurance Holdings Corp.   4,513    76,631 
Universal Insurance Holdings, Inc. (L)   8,256    208,051 
WMIH Corp. (I)(L)   53,894    126,112 
         10,324,252 
Mortgage real estate investment trusts - 1.2%          
AG Mortgage Investment Trust, Inc.   7,549    118,897 
Altisource Residential Corp.   13,910    151,619 
Annaly Capital Management, Inc.   22,072    231,756 
Anworth Mortgage Asset Corp.   25,153    123,753 
Apollo Commercial Real Estate Finance, Inc.   17,000    278,290 
Ares Commercial Real Estate Corp.   7,423    93,530 
ARMOUR Residential REIT, Inc.   8,981    202,432 
Capstead Mortgage Corp.   22,174    209,101 
Colony Capital, Inc., Class A   28,306    516,018 
CYS Investments, Inc.   35,781    312,010 
Dynex Capital, Inc.   12,590    93,418 
Great Ajax Corp.   4,377    59,746 
Hannon Armstrong Sustainable          
Infrastructure Capital, Inc.   10,268    239,963 
Invesco Mortgage Capital, Inc.   28,424    432,898 
iStar, Inc. (I)   18,543    198,966 
Ladder Capital Corp.   9,651    127,779 
MTGE Investment Corp.   11,677    200,728 
New Residential Investment Corp.   55,576    767,505 
New York Mortgage Trust, Inc.   28,047    168,843 
Orchid Island Capital, Inc.   5,534    57,664 
Owens Realty Mortgage, Inc.   3,364    58,264 
PennyMac Mortgage Investment Trust   17,047    265,592 
Redwood Trust, Inc.   19,335    273,784 
Resource Capital Corp.   7,801    99,931 
United Development Funding IV (L)   7,638    24,442 
Western Asset Mortgage Capital Corp.   10,464    109,035 
         5,415,964 
Thrifts and mortgage finance - 2.0%          
Astoria Financial Corp.   23,019    336,077 
Bank Mutual Corp.   12,092    92,867 
BankFinancial Corp.   5,185    65,850 
Beneficial Bancorp, Inc. (I)   18,102    266,280 
BofI Holding, Inc. (I)(L)   15,153    339,427 
BSB Bancorp, Inc. (I)   2,821    66,096 
Capitol Federal Financial, Inc.   31,184    438,759 
Charter Financial Corp.   4,238    54,585 
Clifton Bancorp, Inc.   6,368    97,367 
Dime Community Bancshares, Inc.   8,337    139,728 
ESSA Bancorp, Inc.   3,162    43,730 
Essent Group, Ltd. (I)   18,830    501,066 
EverBank Financial Corp.   25,926    501,927 

 

The accompanying notes are an integral part of the financial statements.  
194

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Thrifts and mortgage finance (continued)          
Federal Agricultural Mortgage Corp., Class C   2,174   $85,873 
First Defiance Financial Corp.   2,342    104,547 
Flagstar Bancorp, Inc. (I)   5,277    146,437 
Home Bancorp, Inc.   2,064    57,792 
HomeStreet, Inc. (I)   6,043    151,438 
Kearny Financial Corp.   23,097    314,350 
Lake Sunapee Bank Group (L)   2,509    45,338 
LendingTree, Inc. (I)   1,596    154,668 
Meridian Bancorp, Inc.   12,714    197,957 
Meta Financial Group, Inc.   2,136    129,463 
MGIC Investment Corp. (I)   86,493    691,944 
Nationstar Mortgage Holdings, Inc. (I)(L)   8,828    130,743 
NMI Holdings, Inc., Class A (I)   13,389    102,024 
Northfield Bancorp, Inc.   11,057    178,018 
Northwest Bancshares, Inc.   23,259    365,399 
OceanFirst Financial Corp.   5,378    103,580 
Ocwen Financial Corp. (I)   26,640    97,769 
Oritani Financial Corp.   10,174    159,935 
PennyMac Financial Services, Inc., Class A (I)   3,960    67,360 
PHH Corp. (I)   13,540    195,653 
Provident Financial Holdings, Inc.   2,314    45,262 
Provident Financial Services, Inc.   15,149    321,613 
Radian Group, Inc.   54,488    738,312 
Southern Missouri Bancorp, Inc.   2,131    53,062 
Territorial Bancorp, Inc.   2,504    71,765 
TrustCo Bank Corp.   23,558    167,026 
United Community Financial Corp.   12,769    90,788 
United Financial Bancorp, Inc.   13,463    186,328 
Walker & Dunlop, Inc. (I)   6,954    175,658 
Washington Federal, Inc.   22,301    594,991 
Waterstone Financial, Inc.   6,285    106,782 
WSFS Financial Corp.   7,348    268,129 
         9,243,763 
         77,758,375 
Health care - 13.4%          
Biotechnology - 5.1%          
Acceleron Pharma, Inc. (I)   7,088    256,515 
Achillion Pharmaceuticals, Inc. (I)   30,124    244,004 
Acorda Therapeutics, Inc. (I)   11,033    230,369 
Adamas Pharmaceuticals, Inc. (I)(L)   4,782    78,473 
Aduro Biotech, Inc. (I)(L)   9,490    117,961 
Advaxis, Inc. (I)(L)   8,688    92,875 
Agenus, Inc. (I)   19,172    137,655 
Aimmune Therapeutics, Inc. (I)(L)   7,145    107,175 
Akebia Therapeutics, Inc. (I)   10,103    91,432 
Alder Biopharmaceuticals, Inc. (I)   11,980    392,585 
AMAG Pharmaceuticals, Inc. (I)   8,879    217,624 
Amicus Therapeutics, Inc. (I)   32,764    242,454 
Anthera Pharmaceuticals, Inc. (I)(L)   11,731    36,953 
Applied Genetic Technologies Corp. (I)   3,593    35,140 
Aptevo Therapeutics, Inc. (I)   3,969    10,161 
Ardelyx, Inc. (I)(L)   6,316    81,729 
Arena Pharmaceuticals, Inc. (I)   65,301    114,277 
ARIAD Pharmaceuticals, Inc. (I)   45,047    616,693 
Array BioPharma, Inc. (I)(L)   38,594    260,510 
Arrowhead Pharmaceuticals, Inc. (I)(L)   16,538    121,554 
Atara Biotherapeutics, Inc. (I)   6,135    131,228 
Athersys, Inc. (I)   21,363    45,503 
Avexis, Inc. (I)   1,246    51,348 
Axovant Sciences, Ltd. (I)(L)   6,316    88,424 
Bellicum Pharmaceuticals, Inc. (I)(L)   5,564    110,724 
BioCryst Pharmaceuticals, Inc. (I)(L)   20,067    88,495 

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Biotechnology (continued)          
BioSpecifics Technologies Corp. (I)   1,652   $75,447 
BioTime, Inc. (I)(L)   20,507    79,977 
Bluebird Bio, Inc. (I)   9,433    639,369 
Blueprint Medicines Corp. (I)   5,153    153,044 
Celldex Therapeutics, Inc. (I)(L)   25,218    101,881 
Cellular Biomedicine Group, Inc. (I)   3,406    49,387 
Cepheid, Inc. (I)   18,470    973,184 
Chimerix, Inc. (I)   12,251    67,871 
Clovis Oncology, Inc. (I)   8,415    303,361 
Coherus Biosciences, Inc. (I)   7,600    203,528 
Concert Pharmaceuticals, Inc. (I)   4,695    47,466 
Curis, Inc. (I)   32,173    83,972 
Cytokinetics, Inc. (I)(L)   9,151    84,006 
CytomX Therapeutics, Inc. (I)   5,622    88,153 
Dyax Corp. (I)   34,339    84,131 
Dynavax Technologies Corp. (I)(L)   10,117    106,127 
Eagle Pharmaceuticals, Inc. (I)(L)   2,299    160,930 
Edge Therapeutics, Inc. (I)(L)   4,582    47,699 
Emergent BioSolutions, Inc. (I)   8,303    261,794 
Enanta Pharmaceuticals, Inc. (I)(L)   4,190    111,496 
Epizyme, Inc. (I)   10,864    106,902 
Esperion Therapeutics, Inc. (I)(L)   4,353    60,289 
Exact Sciences Corp. (I)   24,635    457,472 
Exelixis, Inc. (I)   57,746    738,571 
FibroGen, Inc. (I)   13,534    280,154 
Five Prime Therapeutics, Inc. (I)   6,885    361,394 
Flexion Therapeutics, Inc. (I)   6,103    119,253 
Foundation Medicine, Inc. (I)(L)   3,528    82,379 
Genomic Health, Inc. (I)   4,918    142,229 
Geron Corp. (I)(L)   40,809    92,228 
Global Blood Therapeutics, Inc. (I)(L)   4,402    101,466 
Halozyme Therapeutics, Inc. (I)(L)   28,227    340,982 
Heron Therapeutics, Inc. (I)(L)   8,224    141,700 
Idera Pharmaceuticals, Inc. (I)(L)   26,050    66,688 
Ignyta, Inc. (I)   8,425    52,993 
ImmunoGen, Inc. (I)(L)   22,401    60,035 
Immunomedics, Inc. (I)(L)   24,064    78,208 
Inovio Pharmaceuticals, Inc. (I)(L)   17,184    160,155 
Insmed, Inc. (I)   16,244    235,863 
Insys Therapeutics, Inc. (I)(L)   6,195    73,039 
Intellia Therapeutics, Inc. (I)(L)   1,817    30,925 
Invitae Corp. (I)(L)   6,346    55,591 
Ironwood Pharmaceuticals, Inc. (I)   33,088    525,437 
Karyopharm Therapeutics, Inc. (I)   6,488    63,128 
Keryx Biopharmaceuticals, Inc. (I)(L)   21,103    112,057 
Kite Pharma, Inc. (I)(L)   9,992    558,153 
La Jolla Pharmaceutical Company (I)   3,905    92,900 
Lexicon Pharmaceuticals, Inc. (I)(L)   11,041    199,511 
Ligand Pharmaceuticals, Inc. (I)   4,807    490,602 
Lion Biotechnologies, Inc. (I)   13,967    114,948 
Loxo Oncology, Inc. (I)   3,586    93,881 
MacroGenics, Inc. (I)   8,206    245,441 
MannKind Corp. (I)(L)   87,105    54,005 
Medgenics, Inc. (I)   7,987    44,488 
MediciNova, Inc. (I)(L)   8,043    60,242 
Merrimack Pharmaceuticals, Inc. (I)(L)   31,625    200,819 
MiMedx Group, Inc. (I)(L)   26,333    225,937 
Minerva Neurosciences, Inc. (I)   5,128    72,382 
Momenta Pharmaceuticals, Inc. (I)   16,859    197,082 
Myriad Genetics, Inc. (I)   17,171    353,379 
Natera, Inc. (I)(L)   7,117    79,070 
NewLink Genetics Corp. (I)   5,745    86,290 
Novavax, Inc. (I)(L)   68,780    143,062 

 

The accompanying notes are an integral part of the financial statements.  
195

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Biotechnology (continued)          
OncoMed Pharmaceuticals, Inc. (I)   4,784   $54,681 
Ophthotech Corp. (I)   7,796    359,629 
Organovo Holdings, Inc. (I)(L)   22,505    85,294 
Otonomy, Inc. (I)   6,325    115,052 
OvaScience, Inc. (I)   8,707    62,342 
PDL BioPharma, Inc.   43,289    145,018 
Pfenex, Inc. (I)   5,110    45,735 
PharmAthene, Inc. (I)(L)   18,560    53,824 
Portola Pharmaceuticals, Inc. (I)   12,667    287,668 
Progenics Pharmaceuticals, Inc. (I)   18,272    115,662 
Proteostasis Therapeutics, Inc. (I)   1,779    27,735 
Prothena Corp. PLC (I)(L)   8,828    529,415 
PTC Therapeutics, Inc. (I)(L)   9,000    126,090 
Puma Biotechnology, Inc. (I)   6,294    422,013 
Radius Health, Inc. (I)   8,054    435,641 
Raptor Pharmaceutical Corp. (I)   22,680    203,440 
REGENXBIO, Inc. (I)   5,537    77,573 
Regulus Therapeutics, Inc. (I)   11,851    39,108 
Repligen Corp. (I)   8,632    260,600 
Retrophin, Inc. (I)   9,376    209,835 
Rigel Pharmaceuticals, Inc. (I)   25,079    92,040 
Sage Therapeutics, Inc. (I)   6,812    313,693 
Sangamo BioSciences, Inc. (I)   19,104    88,452 
Sarepta Therapeutics, Inc. (I)   10,914    670,229 
Seres Therapeutics, Inc. (I)(L)   5,051    62,077 
Sorrento Therapeutics, Inc. (I)(L)   7,950    61,533 
Spark Therapeutics, Inc. (I)(L)   4,893    293,874 
Spectrum Pharmaceuticals, Inc. (I)   17,880    83,500 
Synergy Pharmaceuticals, Inc. (I)(L)   46,711    257,378 
TESARO, Inc. (I)(L)   6,796    681,231 
TG Therapeutics, Inc. (I)(L)   9,921    76,789 
Trevena, Inc. (I)   11,737    79,225 
Trius Therapeutics, Inc. (I)(L)   10,401    1,144 
Trovagene, Inc. (I)   7,839    35,197 
Ultragenyx Pharmaceutical, Inc. (I)   9,173    650,733 
Vanda Pharmaceuticals, Inc. (I)   9,795    162,989 
Versartis, Inc. (I)(L)   7,395    90,589 
Vitae Pharmaceuticals, Inc. (I)   7,379    154,369 
Vital Therapies, Inc. (I)   6,709    41,059 
Voyager Therapeutics, Inc. (I)   3,294    39,561 
XBiotech, Inc. (I)   4,546    61,189 
Xencor, Inc. (I)   8,216    201,210 
ZIOPHARM Oncology, Inc. (I)(L)   31,256    175,971 
         23,606,401 
Health care equipment and supplies - 3.1%          
Abaxis, Inc.   5,575    287,782 
Accuray, Inc. (I)   21,649    137,904 
Analogic Corp.   3,131    277,407 
AngioDynamics, Inc. (I)   7,181    125,955 
Anika Therapeutics, Inc. (I)   3,619    173,169 
AtriCure, Inc. (I)   8,425    133,284 
Atrion Corp.   346    147,604 
Axogen, Inc. (I)   6,914    62,433 
Cantel Medical Corp.   9,055    706,109 
Cardiovascular Systems, Inc. (I)   8,297    196,971 
Cerus Corp. (I)(L)   26,368    163,745 
ConforMIS, Inc. (I)(L)   9,528    94,518 
CONMED Corp.   7,061    282,864 
CryoLife, Inc.   8,266    145,234 
Cynosure, Inc., Class A (I)   6,001    305,691 
Endologix, Inc. (I)(L)   20,678    264,678 
Entellus Medical, Inc. (I)   2,246    49,816 
Exactech, Inc. (I)   2,799    75,657 

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Health care equipment and supplies (continued)          
GenMark Diagnostics, Inc. (I)   10,867   $128,231 
Glaukos Corp. (I)   4,345    163,980 
Globus Medical, Inc., Class A (I)   17,739    400,369 
Haemonetics Corp. (I)   12,987    470,259 
Halyard Health, Inc. (I)   11,949    414,152 
ICU Medical, Inc. (I)   3,702    467,859 
Inogen, Inc. (I)   4,137    247,806 
Insulet Corp. (I)   14,664    600,344 
Integer Holdings Corp. (I)   7,907    171,503 
Integra LifeSciences Holdings Corp. (I)   7,590    626,555 
Invacare Corp.   8,237    92,007 
InVivo Therapeutics Holdings Corp. (I)(L)   8,910    60,588 
K2M Group Holdings, Inc. (I)   6,633    117,935 
LeMaitre Vascular, Inc.   3,800    75,392 
Masimo Corp. (I)   10,318    613,818 
Meridian Bioscience, Inc.   10,757    207,503 
Merit Medical Systems, Inc. (I)   10,951    266,000 
Natus Medical, Inc. (I)   8,295    325,911 
Neogen Corp. (I)   9,297    520,074 
Nevro Corp. (I)   6,041    630,620 
Novocure, Ltd. (I)(L)   13,372    114,197 
NuVasive, Inc. (I)   12,519    834,517 
NxStage Medical, Inc. (I)   16,189    404,563 
OraSure Technologies, Inc. (I)   14,258    113,636 
Orthofix International NV (I)   4,463    190,883 
Oxford Immunotec Global PLC (I)(L)   6,373    80,045 
Penumbra, Inc. (I)   6,448    489,984 
Quidel Corp. (I)   7,059    155,933 
Rockwell Medical, Inc. (I)(L)   12,708    85,144 
RTI Surgical, Inc. (I)   16,699    52,268 
STAAR Surgical Company (I)   10,743    100,984 
Surmodics, Inc. (I)   3,507    105,526 
Tandem Diabetes Care, Inc. (I)   5,601    42,904 
The Spectranetics Corp. (I)   10,908    273,682 
Utah Medical Products, Inc.   1,031    61,654 
Vascular Solutions, Inc. (I)   4,313    208,016 
Wright Medical Group NV (I)   26,147    641,386 
Zeltiq Aesthetics, Inc. (I)(L)   9,001    353,019 
         14,540,068 
Health care providers and services - 2.1%          
AAC Holdings, Inc. (I)(L)   2,610    45,388 
Aceto Corp.   7,413    140,773 
Addus HomeCare Corp. (I)   2,163    56,584 
Adeptus Health, Inc., Class A (I)(L)   3,536    152,225 
Air Methods Corp. (I)   9,053    285,079 
Almost Family, Inc. (I)   2,206    81,115 
Amedisys, Inc. (I)   7,116    337,583 
American Renal Associates Holdings, Inc. (I)   2,246    41,034 
AMN Healthcare Services, Inc. (I)   11,929    380,177 
BioScrip, Inc. (I)(L)   30,295    87,553 
BioTelemetry, Inc. (I)   7,017    130,306 
Capital Senior Living Corp. (I)   7,197    120,910 
Chemed Corp.   4,052    571,616 
Civitas Solutions, Inc. (I)   3,761    68,676 
Community Health Systems, Inc. (I)(L)   27,885    321,793 
CorVel Corp. (I)   2,563    98,419 
Cross Country Healthcare, Inc. (I)   8,617    101,508 
Diplomat Pharmacy, Inc. (I)(L)   11,592    324,692 
HealthEquity, Inc. (I)   11,006    416,577 
HealthSouth Corp.   22,228    901,790 
Healthways, Inc. (I)   8,222    217,554 
Kindred Healthcare, Inc.   21,548    220,221 
Landauer, Inc.   2,511    111,689 

 

The accompanying notes are an integral part of the financial statements.  
196

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Health care providers and services (continued)          
LHC Group, Inc. (I)   3,810   $140,513 
Magellan Health, Inc. (I)   6,254    336,027 
Molina Healthcare, Inc. (I)   10,921    636,913 
National HealthCare Corp.   2,784    183,716 
Nobilis Health Corp. (I)(L)   15,039    50,381 
Owens & Minor, Inc.   15,663    543,976 
PharMerica Corp. (I)   7,474    209,795 
Quorum Health Corp. (I)   7,784    48,806 
RadNet, Inc. (I)   10,293    76,168 
Select Medical Holdings Corp. (I)   27,116    366,066 
Surgery Partners, Inc. (I)   4,727    95,674 
Surgical Care Affiliates, Inc. (I)   6,770    330,105 
Team Health Holdings, Inc. (I)   17,141    558,111 
Teladoc, Inc. (I)(L)   5,252    96,164 
The Ensign Group, Inc.   12,109    243,754 
The Providence Service Corp. (I)   3,312    161,063 
Triple-S Management Corp., Class B (I)   5,942    130,308 
Universal American Corp.   14,908    114,046 
US Physical Therapy, Inc.   3,051    191,298 
         9,726,146 
Health care technology - 0.6%          
Castlight Health, Inc., B Shares (I)(L)   11,375    47,320 
Computer Programs & Systems, Inc. (L)   2,882    75,105 
Cotiviti Holdings, Inc. (I)   3,237    108,537 
Evolent Health, Inc., Class A (I)   3,931    96,781 
HealthStream, Inc. (I)   6,558    181,001 
HMS Holdings Corp. (I)   21,410    474,660 
Medidata Solutions, Inc. (I)   13,891    774,562 
Omnicell, Inc. (I)   8,900    340,870 
Press Ganey Holdings, Inc. (I)   5,630    227,452 
Quality Systems, Inc.   12,898    146,005 
Vocera Communications, Inc. (I)   6,486    109,613 
         2,581,906 
Life sciences tools and services - 0.7%          
Accelerate Diagnostics, Inc. (I)(L)   5,928    161,597 
Albany Molecular Research, Inc. (I)(L)   7,005    115,653 
Cambrex Corp. (I)   8,090    359,681 
Enzo Biochem, Inc. (I)   10,918    55,573 
Fluidigm Corp. (I)   8,211    65,770 
INC Research Holdings, Inc., Class A (I)   10,481    467,243 
Luminex Corp. (I)   10,144    230,472 
NanoString Technologies, Inc. (I)   4,260    85,115 
NeoGenomics, Inc. (I)   13,630    112,039 
Pacific Biosciences of California, Inc. (I)   19,691    176,431 
PAREXEL International Corp. (I)   13,183    915,559 
PRA Health Sciences, Inc. (I)   6,105    344,994 
         3,090,127 
Pharmaceuticals - 1.8%          
AcelRx Pharmaceuticals, Inc. (I)   10,438    40,604 
Aclaris Therapeutics, Inc. (I)   2,663    68,199 
Aerie Pharmaceuticals, Inc. (I)   6,166    232,705 
Amphastar Pharmaceuticals, Inc. (I)   9,328    176,952 
ANI Pharmaceuticals, Inc. (I)   2,062    136,814 
Aratana Therapeutics, Inc. (I)   8,785    82,228 
Bio-Path Holdings, Inc. (I)(L)   25,253    35,354 
Catalent, Inc. (I)   25,282    653,287 
Cempra, Inc. (I)(L)   10,723    259,497 
Chelsea Therapeutics International, Ltd. (I)   21,039    1,683 
Collegium Pharmaceutical, Inc. (I)(L)   4,163    80,179 
Corcept Therapeutics, Inc. (I)(L)   19,929    129,539 
Depomed, Inc. (I)(L)   15,604    389,630 

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Pharmaceuticals (continued)          
Dermira, Inc. (I)   6,315   $213,573 
Durect Corp. (I)   35,114    48,808 
Egalet Corp. (I)(L)   6,215    47,296 
Heska Corp. (I)   1,667    90,735 
Horizon Pharma PLC (I)(L)   40,902    741,553 
Impax Laboratories, Inc. (I)   18,702    443,237 
Innoviva, Inc. (I)(L)   20,839    229,021 
Intersect ENT, Inc. (I)   6,708    106,255 
Intra-Cellular Therapies, Inc. (I)   8,774    133,716 
Lannett Company, Inc. (I)(L)   7,092    188,434 
MyoKardia, Inc. (I)(L)   3,167    51,749 
Nektar Therapeutics (I)   32,965    566,339 
Ocular Therapeutix, Inc. (I)(L)   5,097    35,016 
Omeros Corp. (I)(L)   9,946    110,997 
Pacira Pharmaceuticals, Inc. (I)   9,298    318,178 
Paratek Pharmaceuticals, Inc. (I)   5,004    65,102 
Phibro Animal Health Corp., Class A   5,074    137,911 
Prestige Brands Holdings, Inc. (I)   13,471    650,245 
Revance Therapeutics, Inc. (I)(L)   5,404    87,599 
SciClone Pharmaceuticals, Inc. (I)   13,015    133,404 
Sucampo Pharmaceuticals, Inc., Class A (I)   6,236    76,765 
Supernus Pharmaceuticals, Inc. (I)   12,003    296,834 
Teligent, Inc. (I)(L)   10,803    82,103 
Tetraphase Pharmaceuticals, Inc. (I)   10,381    39,759 
The Medicines Company (I)   17,130    646,486 
TherapeuticsMD, Inc. (I)(L)   38,404    261,531 
Theravance Biopharma, Inc. (I)   9,382    340,004 
WaVe Life Sciences, Ltd. (I)   2,019    65,557 
Zogenix, Inc. (I)   7,076    80,879 
         8,575,757 
         62,120,405 
Industrials - 13.4%          
Aerospace and defense - 1.5%          
AAR Corp.   8,389    262,743 
Aerojet Rocketdyne Holdings, Inc. (I)   15,046    264,509 
Aerovironment, Inc. (I)   5,292    129,178 
Astronics Corp. (I)   4,930    222,097 
Cubic Corp.   6,343    296,916 
Curtiss-Wright Corp.   11,085    1,009,954 
DigitalGlobe, Inc. (I)   16,005    440,138 
Ducommun, Inc. (I)   2,937    67,081 
Engility Holdings, Inc. (I)   4,552    143,388 
Esterline Technologies Corp. (I)   7,478    568,627 
KLX, Inc. (I)   13,453    473,546 
Kratos Defense & Security Solutions, Inc. (I)   12,325    84,919 
Mercury Systems, Inc. (I)   9,771    240,073 
Moog, Inc., Class A (I)   8,092    481,798 
National Presto Industries, Inc. (L)   1,234    108,333 
Sparton Corp. (I)   2,570    67,488 
TASER International, Inc. (I)   13,204    377,766 
Teledyne Technologies, Inc. (I)   8,560    923,881 
The KEYW Holding Corp. (I)(L)   9,313    102,816 
Triumph Group, Inc.   12,555    350,033 
Vectrus, Inc. (I)   2,746    41,822 
Wesco Aircraft Holdings, Inc. (I)   14,331    192,465 
         6,849,571 
Air freight and logistics - 0.5%          
Air Transport Services Group, Inc. (I)   13,354    191,630 
Atlas Air Worldwide Holdings, Inc. (I)   6,268    268,396 
Echo Global Logistics, Inc. (I)   7,373    170,021 
Forward Air Corp.   7,601    328,819 

 

The accompanying notes are an integral part of the financial statements.  
197

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Air freight and logistics (continued)          
Hub Group, Inc., Class A (I)   8,560   $348,906 
Park-Ohio Holdings Corp.   2,255    82,195 
XPO Logistics, Inc. (I)(L)   24,827    910,406 
         2,300,373 
Airlines - 0.4%          
Allegiant Travel Company   3,322    438,737 
Hawaiian Holdings, Inc. (I)   13,282    645,505 
SkyWest, Inc.   12,711    335,698 
Virgin America, Inc. (I)(L)   4,881    261,182 
         1,681,122 
Building products - 1.1%          
AAON, Inc.   10,375    299,008 
Advanced Drainage Systems, Inc.   8,809    211,945 
American Woodmark Corp. (I)   3,498    281,834 
Apogee Enterprises, Inc.   7,229    323,064 
Armstrong Flooring, Inc. (I)   6,186    116,792 
Builders FirstSource, Inc. (I)   21,498    247,442 
Caesarstone, Ltd. (I)   6,092    229,729 
Continental Building Products, Inc. (I)   8,856    185,887 
CSW Industrials, Inc. (I)   3,773    122,207 
Gibraltar Industries, Inc. (I)   8,018    297,869 
Griffon Corp.   7,645    130,041 
Insteel Industries, Inc.   4,462    161,703 
Masonite International Corp. (I)   7,540    468,762 
NCI Building Systems, Inc. (I)   6,956    101,488 
Patrick Industries, Inc. (I)   3,652    226,132 
PGT, Inc. (I)   12,725    135,776 
Ply Gem Holdings, Inc. (I)   5,939    79,345 
Quanex Building Products Corp.   8,714    150,404 
Simpson Manufacturing Company, Inc.   10,490    461,036 
Trex Company, Inc. (I)   7,439    436,818 
Universal Forest Products, Inc.   4,991    491,564 
         5,158,846 
Commercial services and supplies - 2.2%          
ABM Industries, Inc.   14,009    556,157 
ACCO Brands Corp. (I)   26,688    257,272 
Brady Corp., Class A   11,597    401,372 
Casella Waste Systems, Inc., Class A (I)   10,791    111,147 
CECO Environmental Corp.   7,892    89,022 
Deluxe Corp.   12,313    822,755 
Ennis, Inc.   6,889    116,080 
Essendant, Inc.   9,683    198,695 
G&K Services, Inc., Class A   4,948    472,485 
Healthcare Services Group, Inc.   17,784    703,891 
Heritage-Crystal Clean, Inc. (I)   3,913    51,965 
Herman Miller, Inc.   15,098    431,803 
HNI Corp.   11,434    455,073 
InnerWorkings, Inc. (I)   10,724    101,020 
Interface, Inc.   16,537    276,003 
Kimball International, Inc., Class B   10,057    130,138 
Knoll, Inc.   12,110    276,714 
Matthews International Corp., Class A   8,108    492,642 
McGrath RentCorp   5,963    189,087 
Mobile Mini, Inc.   11,319    341,834 
MSA Safety, Inc.   7,887    457,761 
Multi-Color Corp.   3,499    230,934 
Quad/Graphics, Inc.   7,454    199,171 
SP Plus Corp. (I)   4,498    115,014 
Steelcase, Inc., Class A   21,711    301,566 
Team, Inc. (I)   7,372    241,138 
Tetra Tech, Inc.   14,641    519,316 

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Commercial services and supplies (continued)          
The Brink’s Company   11,420$   423,454 
UniFirst Corp.   3,769    496,980 
US Ecology, Inc.   5,627    252,315 
Viad Corp.   5,140    189,512 
VSE Corp.   2,326    79,061 
West Corp.   11,007    243,035 
         10,224,412 
Construction and engineering - 0.9%          
Aegion Corp. (I)   9,068    172,927 
Argan, Inc.   3,429    202,963 
Comfort Systems USA, Inc.   9,327    273,374 
Dycom Industries, Inc. (I)   7,681    628,152 
EMCOR Group, Inc.   15,221    907,476 
Granite Construction, Inc.   9,990    496,903 
Great Lakes Dredge & Dock Corp. (I)   17,236    60,326 
HC2 Holdings, Inc. (I)(L)   9,803    53,426 
Layne Christensen Company (I)(L)   5,220    44,422 
MasTec, Inc. (I)   16,709    496,926 
MYR Group, Inc. (I)   4,578    137,798 
NV5 Global, Inc. (I)   1,915    61,874 
Orion Group Holdings, Inc. (I)   8,013    54,889 
Primoris Services Corp.   10,280    211,768 
Tutor Perini Corp. (I)   9,582    205,726 
         4,008,950 
Electrical equipment - 0.7%          
Allied Motion Technologies, Inc.   1,890    35,740 
AZZ, Inc.   6,519    425,495 
Babcock & Wilcox Enterprises, Inc. (I)   11,742    193,743 
Encore Wire Corp.   5,290    194,513 
Energous Corp. (I)(L)   4,189    82,146 
EnerSys   10,954    757,907 
FuelCell Energy, Inc. (I)(L)   7,982    43,262 
Generac Holdings, Inc. (I)   16,488    598,514 
General Cable Corp.   12,514    187,460 
LSI Industries, Inc.   6,939    77,925 
Plug Power, Inc. (I)(L)   47,820    81,772 
Powell Industries, Inc.   2,388    95,639 
Sunrun, Inc. (I)(L)   17,057    107,459 
Thermon Group Holdings, Inc. (I)   8,462    167,125 
Vicor Corp. (I)   4,814    55,842 
         3,104,542 
Industrial conglomerates - 0.0%          
Raven Industries, Inc.   9,272    213,534 
Machinery - 3.3%          
Actuant Corp., Class A   14,864    345,439 
Alamo Group, Inc.   2,400    158,136 
Albany International Corp., Class A   7,404    313,782 
Altra Industrial Motion Corp.   6,514    188,711 
American Railcar Industries, Inc.   1,980    82,111 
Astec Industries, Inc.   4,912    294,081 
Barnes Group, Inc.   12,722    515,877 
Briggs & Stratton Corp.   10,601    197,709 
Chart Industries, Inc. (I)   7,854    257,847 
CIRCOR International, Inc.   4,194    249,795 
CLARCOR, Inc.   11,935    775,775 
Columbus McKinnon Corp.   5,455    97,317 
Douglas Dynamics, Inc.   5,738    183,272 
Dynamic Materials Corp.   4,118    43,898 
Energy Recovery, Inc. (I)(L)   8,796    140,560 
EnPro Industries, Inc.   5,529    314,158 
ESCO Technologies, Inc.   6,310    292,910 

 

The accompanying notes are an integral part of the financial statements.  
198

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Machinery (continued)          
Federal Signal Corp.   15,479   $205,252 
Franklin Electric Company, Inc.   11,730    477,528 
FreightCar America, Inc.   3,451    49,625 
Global Brass & Copper Holdings, Inc.   5,338    154,215 
Graham Corp.   3,167    60,490 
Hardinge, Inc.   3,554    39,556 
Harsco Corp.   20,776    206,306 
Hillenbrand, Inc.   14,920    472,069 
Hurco Companies, Inc.   1,833    51,452 
Hyster-Yale Materials Handling, Inc.   2,429    146,056 
John Bean Technologies Corp.   7,343    518,049 
Joy Global, Inc.   25,011    693,805 
Kadant, Inc.   2,761    143,876 
Kennametal, Inc.   20,037    581,474 
Lindsay Corp. (L)   2,677    198,044 
Lydall, Inc. (I)   4,220    215,769 
Meritor, Inc. (I)   22,288    248,065 
Milacron Holdings Corp. (I)   3,988    63,648 
Miller Industries, Inc.   3,157    71,948 
Mueller Industries, Inc.   14,363    465,648 
Mueller Water Products, Inc., Class A   39,430    494,847 
Navistar International Corp. (I)   12,805    293,106 
NN, Inc.   7,078    129,174 
Proto Labs, Inc. (I)(L)   6,244    374,078 
RBC Bearings, Inc. (I)   5,742    439,148 
Rexnord Corp. (I)   21,018    449,995 
SPX Corp. (I)   10,705    215,599 
SPX FLOW, Inc. (I)   9,049    279,795 
Standex International Corp.   3,166    294,026 
Sun Hydraulics Corp.   6,030    194,588 
Supreme Industries, Inc., Class A   3,559    68,689 
Tennant Company   4,448    288,230 
The ExOne Company (I)(L)   3,051    46,436 
The Gorman-Rupp Company   4,625    118,446 
The Greenbrier Companies, Inc. (L)   6,907    243,817 
The Manitowoc Company, Inc.   32,298    154,707 
Titan International, Inc.   11,995    121,389 
TriMas Corp. (I)   11,605    215,969 
Wabash National Corp. (I)   16,243    231,300 
Watts Water Technologies, Inc., Class A   7,036    456,214 
Woodward, Inc.   13,329    832,796 
         15,456,602 
Marine - 0.1%          
Costamare, Inc. (L)   7,276    66,503 
Matson, Inc.   10,968    437,404 
Scorpio Bulkers, Inc. (I)(L)   16,364    56,619 
         560,526 
Professional services - 1.3%          
Acacia Research Corp.   13,996    91,254 
Barrett Business Services, Inc.   1,822    90,389 
CBIZ, Inc. (I)   12,686    141,956 
CEB, Inc.   8,142    443,495 
CRA International, Inc. (I)   2,516    66,900 
Exponent, Inc.   6,519    332,860 
Franklin Covey Company (I)   3,088    54,997 
FTI Consulting, Inc. (I)   10,432    464,850 
GP Strategies Corp. (I)   3,477    85,604 
Heidrick & Struggles International, Inc.   4,921    91,285 
Hill International, Inc. (I)   10,312    47,538 
Huron Consulting Group, Inc. (I)   5,498    328,560 
ICF International, Inc. (I)   4,582    203,074 
Insperity, Inc.   3,953    287,146 

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Professional services (continued)          
Kelly Services, Inc., Class A   7,392   $142,074 
Kforce, Inc.   6,470    132,570 
Korn/Ferry International   14,564    305,844 
Mistras Group, Inc. (I)   4,515    105,967 
Navigant Consulting, Inc. (I)   12,080    244,258 
On Assignment, Inc. (I)   12,892    467,851 
Resources Connection, Inc.   9,299    138,927 
RPX Corp. (I)   13,027    139,259 
The Advisory Board Company (I)   10,422    466,280 
TriNet Group, Inc. (I)   10,764    232,825 
TrueBlue, Inc. (I)   10,674    241,873 
WageWorks, Inc. (I)   9,229    562,138 
         5,909,774 
Road and rail - 0.4%          
ArcBest Corp.   6,784    129,032 
Celadon Group, Inc.   7,890    68,959 
Covenant Transportation          
Group, Inc., Class A (I)   3,298    63,750 
Heartland Express, Inc.   11,826    223,275 
Knight Transportation, Inc.   16,744    480,385 
Marten Transport, Ltd.   6,277    131,817 
Roadrunner Transportation Systems, Inc. (I)   8,125    64,838 
Saia, Inc. (I)   6,598    197,676 
Swift Transportation Company (I)(L)   18,957    407,007 
Werner Enterprises, Inc.   11,302    262,998 
YRC Worldwide, Inc. (I)   8,795    108,354 
         2,138,091 
Trading companies and distributors - 1.0%          
Aircastle, Ltd.   11,893    236,195 
Applied Industrial Technologies, Inc.   9,141    427,250 
Beacon Roofing Supply, Inc. (I)   15,050    633,154 
BMC Stock Holdings, Inc. (I)   14,046    249,036 
CAI International, Inc. (I)   4,645    38,414 
DXP Enterprises, Inc. (I)   3,587    101,118 
GATX Corp. (L)   10,174    453,252 
GMS, Inc. (I)   1,773    39,414 
H&E Equipment Services, Inc.   8,164    136,829 
Kaman Corp.   6,652    292,156 
MRC Global, Inc. (I)   23,766    390,475 
NOW, Inc. (I)   27,194    582,767 
Rush Enterprises, Inc., Class A (I)   6,100    149,328 
Rush Enterprises, Inc., Class B (I)   3,075    74,753 
SiteOne Landscape Supply, Inc. (I)   2,975    106,892 
Textainer Group Holdings, Ltd.   5,825    43,629 
Titan Machinery, Inc. (I)   5,180    53,872 
Triton International, Ltd.   10,185    134,340 
Univar, Inc. (I)   10,935    238,930 
Veritiv Corp. (I)   2,179    109,320 
         4,491,124 
         62,097,467 
Information technology - 17.1%          
Communications equipment - 1.8%          
ADTRAN, Inc.   12,376    236,877 
Aerohive Networks, Inc. (I)   7,083    43,135 
Applied Optoelectronics, Inc. (I)(L)   4,607    102,321 
Bel Fuse, Inc., Class B   2,674    64,550 
Black Box Corp.   4,151    57,699 
CalAmp Corp. (I)   9,222    128,647 
Calix, Inc. (I)   11,190    82,247 
Ciena Corp. (I)   34,698    756,416 
Clearfield, Inc. (I)(L)   3,233    60,780 

 

The accompanying notes are an integral part of the financial statements.  
199

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Communications equipment (continued)          
Comtech Telecommunications Corp.   6,105   $78,205 
Digi International, Inc. (I)   6,918    78,865 
Extreme Networks, Inc. (I)   26,546    119,192 
Finisar Corp. (I)   27,189    810,232 
Harmonic, Inc. (I)   21,261    126,078 
Infinera Corp. (I)   35,713    322,488 
InterDigital, Inc.   8,774    694,901 
Ixia (I)   16,386    204,825 
KVH Industries, Inc. (I)   4,854    42,764 
Lumentum Holdings, Inc. (I)   12,779    533,779 
NETGEAR, Inc. (I)   8,148    492,873 
NetScout Systems, Inc. (I)   22,674    663,215 
Oclaro, Inc. (I)   25,468    217,751 
Plantronics, Inc.   8,385    435,685 
ShoreTel, Inc. (I)   17,734    141,872 
Silicom, Ltd.   1,479    61,231 
Sonus Networks, Inc. (I)   12,433    96,729 
Ubiquiti Networks, Inc. (I)(L)   6,562    351,067 
ViaSat, Inc. (I)   11,213    837,050 
Viavi Solutions, Inc. (I)   59,512    439,794 
         8,281,268 
Electronic equipment, instruments and components - 2.6%          
Anixter International, Inc. (I)   7,332    472,914 
AVX Corp.   11,720    161,619 
Badger Meter, Inc.   7,040    235,910 
Belden, Inc.   10,593    730,811 
Benchmark Electronics, Inc. (I)   12,278    306,336 
Coherent, Inc. (I)   6,084    672,525 
Control4 Corp. (I)   5,358    65,796 
CTS Corp.   8,036    149,470 
Daktronics, Inc.   10,241    97,699 
DTS, Inc.   4,552    193,642 
Electro Scientific Industries, Inc. (I)   7,851    44,280 
ePlus, Inc. (I)   1,574    148,601 
Fabrinet (I)   8,721    388,869 
FARO Technologies, Inc. (I)   4,271    153,542 
II-VI, Inc. (I)   15,099    367,359 
Insight Enterprises, Inc. (I)   9,308    302,975 
InvenSense, Inc. (I)   20,998    155,805 
Itron, Inc. (I)   8,464    471,953 
Kimball Electronics, Inc. (I)   7,594    105,253 
Knowles Corp. (I)   22,505    316,195 
Littelfuse, Inc.   5,547    714,509 
Maxwell Technologies, Inc. (I)(L)   9,209    47,518 
Mesa Laboratories, Inc.   764    87,371 
Methode Electronics, Inc.   9,217    322,318 
MTS Systems Corp.   4,256    195,904 
Novanta, Inc. (I)   8,310    144,179 
OSI Systems, Inc. (I)   4,460    291,595 
Park Electrochemical Corp.   5,252    91,227 
PC Connection, Inc.   2,903    76,697 
Plexus Corp. (I)   8,395    392,718 
Radisys Corp. (I)   9,806    52,413 
Rofin-Sinar Technologies, Inc. (I)   6,820    219,468 
Rogers Corp. (I)   4,496    274,616 
Sanmina Corp. (I)   18,536    527,720 
ScanSource, Inc. (I)   6,276    229,074 
SYNNEX Corp.   7,332    836,655 
Tech Data Corp. (I)   8,714    738,163 
TTM Technologies, Inc. (I)   18,468    211,459 
Universal Display Corp. (I)   10,449    580,024 
Vishay Intertechnology, Inc.   34,346    483,935 

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Electronic equipment, instruments and          
components (continued)          
Vishay Precision Group, Inc. (I)   3,495   $56,025 
         12,115,142 
Internet software and services - 2.5%          
2U, Inc. (I)   9,256    354,412 
Actua Corp. (I)   9,826    127,247 
Alarm.com Holdings, Inc. (I)   2,563    73,968 
Amber Road, Inc. (I)   4,741    45,751 
Angie’s List, Inc. (I)   10,496    104,015 
Apigee Corp. (I)   4,181    72,749 
Appfolio, Inc., Class A (I)   2,257    43,876 
Autobytel, Inc. (I)   2,448    43,574 
Bankrate, Inc. (I)   12,375    104,940 
Bazaarvoice, Inc. (I)   21,838    129,063 
Benefitfocus, Inc. (I)   3,294    131,496 
Blucora, Inc. (I)   10,151    113,691 
Box, Inc., Class A (I)(L)   12,596    198,513 
Brightcove, Inc. (I)   7,735    100,942 
Carbonite, Inc. (I)   4,992    76,677 
Care.com, Inc. (I)   4,347    43,296 
ChannelAdvisor Corp. (I)   5,916    76,494 
Cimpress NV (I)(L)   6,305    637,940 
comScore, Inc. (I)   12,141    372,243 
Cornerstone OnDemand, Inc. (I)   12,749    585,817 
Cvent, Inc. (I)   7,626    241,820 
DHI Group, Inc. (I)   13,136    103,643 
EarthLink Holdings Corp.   27,089    167,952 
Endurance International          
Group Holdings, Inc. (I)(L)   15,528    135,870 
Envestnet, Inc. (I)   10,551    384,584 
Everyday Health, Inc. (I)   7,729    59,436 
Five9, Inc. (I)   8,288    129,956 
Gogo, Inc. (I)(L)   14,678    162,045 
GrubHub, Inc. (I)(L)   20,437    878,587 
GTT Communications, Inc. (I)   6,839    160,922 
Hortonworks, Inc. (I)(L)   10,714    89,462 
inContact, Inc. (I)   14,974    209,337 
Instructure, Inc. (I)   2,830    71,797 
Intralinks Holdings, Inc. (I)   11,153    112,199 
j2 Global, Inc.   11,857    789,795 
Limelight Networks, Inc. (I)   21,632    40,452 
Liquidity Services, Inc. (I)   6,686    75,151 
LivePerson, Inc. (I)   13,941    117,244 
LogMeIn, Inc.   6,384    577,050 
MeetMe, Inc. (I)   10,819    67,078 
MINDBODY, Inc., Class A (I)(L)   3,676    72,270 
Monster Worldwide, Inc. (I)   23,368    84,358 
New Relic, Inc. (I)   5,603    214,707 
NIC, Inc.   16,114    378,679 
Q2 Holdings, Inc. (I)   6,490    186,003 
Quotient Technology, Inc. (I)(L)   16,247    216,248 
Reis, Inc.   2,675    54,731 
RetailMeNot, Inc. (I)   9,917    98,079 
Shutterstock, Inc. (I)(L)   4,809    306,333 
SPS Commerce, Inc. (I)   4,194    307,882 
Stamps.com, Inc. (I)(L)   4,089    386,451 
TechTarget, Inc. (I)   5,542    44,669 
TrueCar, Inc. (I)(L)   14,273    134,737 
Web.com Group, Inc. (I)   10,779    186,153 
WebMD Health Corp. (I)   9,394    466,882 
Xactly Corp. (I)   6,173    90,867 

 

The accompanying notes are an integral part of the financial statements.  
200

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Internet software and services (continued)          
XO Group, Inc. (I)   6,508   $125,800 
         11,365,933 
IT services - 2.0%          
Acxiom Corp. (I)   19,689    524,712 
Blackhawk Network Holdings, Inc. (I)   13,914    419,785 
CACI International, Inc., Class A (I)   6,121    617,609 
Cardtronics PLC, Class A (I)   11,326    505,140 
Cass Information Systems, Inc.   2,892    163,832 
Convergys Corp.   22,412    681,773 
CSG Systems International, Inc.   8,133    336,137 
Datalink Corp. (I)   5,746    60,965 
EPAM Systems, Inc. (I)   12,132    840,869 
EVERTEC, Inc.   16,065    269,571 
ExlService Holdings, Inc. (I)   8,263    411,828 
Forrester Research, Inc.   2,642    102,774 
Information Services Group, Inc. (I)   9,921    39,585 
Lionbridge Technologies, Inc. (I)   15,994    79,970 
ManTech International Corp., Class A   6,148    231,718 
MAXIMUS, Inc.   16,193    915,876 
MoneyGram International, Inc. (I)   8,394    59,597 
NeuStar, Inc., Class A (I)(L)   13,613    361,970 
Perficient, Inc. (I)   8,962    180,584 
PFSweb, Inc. (I)   4,414    39,417 
Planet Payment, Inc. (I)   12,060    44,743 
Science Applications International Corp.   10,663    739,692 
ServiceSource International, Inc. (I)   16,935    82,643 
Sykes Enterprises, Inc. (I)   9,845    276,940 
Syntel, Inc.   8,117    340,183 
TeleTech Holdings, Inc.   4,350    126,107 
The Hackett Group, Inc.   6,132    101,301 
Travelport Worldwide, Ltd.   28,981    435,584 
Unisys Corp. (I)   12,920    125,841 
Virtusa Corp. (I)   7,190    177,449 
         9,294,195 
Semiconductors and semiconductor equipment - 3.5%          
Acacia Communications, Inc. (I)(L)   1,341    138,498 
Advanced Energy Industries, Inc. (I)   9,962    471,402 
Advanced Micro Devices, Inc. (I)   165,795    1,145,643 
Alpha & Omega Semiconductor, Ltd. (I)   4,725    102,627 
Ambarella, Inc. (I)(L)   8,059    593,223 
Amkor Technology, Inc. (I)   25,479    247,656 
Applied Micro Circuits Corp. (I)   19,888    138,222 
Axcelis Technologies, Inc. (I)   7,704    102,309 
Brooks Automation, Inc.   17,289    235,303 
Cabot Microelectronics Corp.   5,874    310,793 
Cavium, Inc. (I)   16,321    949,882 
CEVA, Inc. (I)   5,040    176,753 
Cirrus Logic, Inc. (I)   15,766    837,963 
Cohu, Inc.   7,171    84,188 
Diodes, Inc. (I)   9,615    205,184 
DSP Group, Inc. (I)   6,009    72,168 
Entegris, Inc. (I)   35,713    622,120 
Exar Corp. (I)   10,922    101,684 
FormFactor, Inc. (I)   17,412    188,920 
Inphi Corp. (I)   10,142    441,278 
Integrated Device Technology, Inc. (I)   33,981    784,961 
Intersil Corp., Class A   33,867    742,703 
IXYS Corp.   6,610    79,651 
Kopin Corp. (I)   18,741    40,855 
Lattice Semiconductor Corp. (I)   30,627    198,769 
MACOM Technology          
Solutions Holdings, Inc. (I)   5,883    249,086 

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Semiconductors and semiconductor equipment (continued)          
MaxLinear, Inc., Class A (I)   13,953   $282,827 
Microsemi Corp. (I)   28,689    1,204,364 
MKS Instruments, Inc.   13,407    666,730 
Monolithic Power Systems, Inc.   9,754    785,197 
Nanometrics, Inc. (I)   6,139    137,145 
NeoPhotonics Corp. (I)   8,012    130,916 
NVE Corp.   1,344    79,215 
PDF Solutions, Inc. (I)   7,066    128,389 
Photronics, Inc. (I)   16,442    169,517 
Power Integrations, Inc.   6,899    434,844 
Rambus, Inc. (I)   27,562    344,525 
Rudolph Technologies, Inc. (I)   7,564    134,185 
Semtech Corp. (I)   16,332    452,886 
Sigma Designs, Inc. (I)   9,574    74,581 
Silicon Laboratories, Inc. (I)   10,387    610,756 
Synaptics, Inc. (I)   9,373    549,070 
Tessera Technologies, Inc.   12,376    475,733 
Ultra Clean Holdings, Inc. (I)   9,243    68,491 
Ultratech, Inc. (I)   5,563    128,394 
Veeco Instruments, Inc. (I)   10,145    199,146 
Xcerra Corp. (I)   14,614    88,561 
         16,407,313 
Software - 4.1%          
8x8, Inc. (I)   22,218    342,824 
A10 Networks, Inc. (I)   11,534    123,298 
ACI Worldwide, Inc. (I)   29,211    566,109 
American Software, Inc., Class A   7,018    77,900 
Aspen Technology, Inc. (I)   20,817    974,027 
AVG Technologies NV (I)(L)   10,589    264,831 
Barracuda Networks, Inc. (I)   5,786    147,427 
Blackbaud, Inc.   11,915    790,441 
Bottomline Technologies (de), Inc. (I)   10,239    238,671 
BroadSoft, Inc. (I)   7,390    344,005 
Callidus Software, Inc. (I)   14,079    258,350 
CommVault Systems, Inc. (I)   9,750    518,018 
Digimarc Corp. (I)   2,284    87,591 
Ebix, Inc. (L)   6,356    361,339 
Ellie Mae, Inc. (I)   7,393    778,483 
EnerNOC, Inc. (I)(L)   7,842    42,425 
Epiq Systems, Inc.   5,997    98,891 
Exa Corp. (I)   3,984    63,943 
Fair Isaac Corp.   7,752    965,822 
Fleetmatics Group PLC (I)   9,887    593,022 
Gigamon, Inc. (I)   8,225    450,730 
Globant SA (I)(L)   6,416    270,242 
Glu Mobile, Inc. (I)(L)   26,643    59,680 
Guidance Software, Inc. (I)   6,713    40,009 
HubSpot, Inc. (I)   7,323    421,951 
Imperva, Inc. (I)   7,274    390,687 
Infoblox, Inc. (I)   14,177    373,847 
Interactive Intelligence Group, Inc. (I)   4,573    275,020 
Jive Software, Inc. (I)   16,293    69,408 
Mentor Graphics Corp.   26,913    711,580 
MicroStrategy, Inc., Class A (I)   2,389    400,014 
Mitek Systems, Inc. (I)(L)   7,606    63,054 
MobileIron, Inc. (I)   13,500    37,125 
Model N, Inc. (I)   6,018    66,860 
Monotype Imaging Holdings, Inc.   10,305    227,844 
Paycom Software, Inc. (I)   11,088    555,841 
Paylocity Holding Corp. (I)   5,468    243,107 
Pegasystems, Inc.   9,158    270,069 
Progress Software Corp. (I)   12,649    344,053 
Proofpoint, Inc. (I)   10,300    770,955 

 

The accompanying notes are an integral part of the financial statements.

201

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Software (continued)          
PROS Holdings, Inc. (I)   6,449   $145,812 
QAD, Inc., Class A   2,692    60,247 
Qualys, Inc. (I)   6,938    264,962 
Rapid7, Inc. (I)   5,382    94,992 
RealPage, Inc. (I)   13,721    352,630 
RingCentral, Inc., Class A (I)   14,942    353,528 
Rosetta Stone, Inc. (I)   5,682    48,183 
Sapiens International Corp. NV   6,265    80,004 
Silver Spring Networks, Inc. (I)   9,822    139,276 
Synchronoss Technologies, Inc. (I)   10,478    431,484 
Take-Two Interactive Software, Inc. (I)   20,941    944,020 
Tangoe, Inc. (I)(L)   7,466    61,595 
Telenav, Inc. (I)   9,358    53,621 
The Rubicon Project, Inc. (I)   9,680    80,150 
TiVo Corp. (I)   29,502    574,699 
TubeMogul, Inc. (I)(L)   5,783    54,187 
Varonis Systems, Inc. (I)   2,751    82,805 
VASCO Data Security International, Inc. (I)   7,810    137,534 
Verint Systems, Inc. (I)   15,682    590,114 
Workiva, Inc. (I)(L)   5,795    105,063 
Zendesk, Inc. (I)   20,521    630,200 
Zix Corp. (I)   14,656    60,090 
         19,024,689 
Technology hardware, storage and peripherals - 0.6%          
3D Systems Corp. (I)(L)   27,225    488,689 
Avid Technology, Inc. (I)   8,768    69,618 
Cray, Inc. (I)   10,171    239,425 
Diebold, Inc.   17,218    426,834 
Eastman Kodak Company (I)(L)   4,474    67,110 
Electronics For Imaging, Inc. (I)   11,811    577,794 
Immersion Corp. (I)   7,872    64,236 
Nimble Storage, Inc. (I)   16,546    146,101 
Pure Storage, Inc., Class A (I)(L)   17,289    234,266 
Silicon Graphics International Corp. (I)   9,690    74,613 
Stratasys, Ltd. (I)(L)   12,447    299,848 
Super Micro Computer, Inc. (I)   9,824    229,587 
USA Technologies, Inc. (I)(L)   10,221    57,289 
         2,975,410 
         79,463,950 
Materials - 4.4%          
Chemicals - 2.3%          
A. Schulman, Inc.   7,318    213,100 
AgroFresh Solutions, Inc. (I)   6,295    33,301 
American Vanguard Corp.   7,294    117,142 
Balchem Corp.   7,993    619,697 
Calgon Carbon Corp.   12,759    193,554 
Chase Corp.   1,785    123,379 
Chemtura Corp. (I)   16,074    527,388 
Codexis, Inc. (I)   10,116    44,915 
Ferro Corp. (I)   21,078    291,087 
Flotek Industries, Inc. (I)(L)   13,276    193,033 
FutureFuel Corp.   6,552    73,907 
GCP Applied Technologies, Inc. (I)   17,946    508,231 
Hawkins, Inc.   2,488    107,805 
HB Fuller Company   12,546    583,013 
Ingevity Corp. (I)   10,767    496,359 
Innophos Holdings, Inc.   4,887    190,740 
Innospec, Inc.   5,910    359,387 
KMG Chemicals, Inc.   2,319    65,697 
Koppers Holdings, Inc. (I)   5,209    167,626 
Kraton Corp. (I)   7,451    261,083 

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Chemicals (continued)          
Kronos Worldwide, Inc. (L)   6,074   $50,353 
LSB Industries, Inc. (I)(L)   5,488    47,087 
Minerals Technologies, Inc.   8,757    619,032 
Olin Corp.   41,791    857,551 
OMNOVA Solutions, Inc. (I)   11,251    94,958 
PolyOne Corp.   21,124    714,202 
Quaker Chemical Corp.   3,218    340,883 
Rayonier Advanced Materials, Inc. (L)   11,152    149,102 
Sensient Technologies Corp.   11,198    848,808 
Stepan Company   4,942    359,086 
TerraVia Holdings, Inc. (I)(L)   21,923    60,288 
The Chemours Company   46,552    744,832 
Trecora Resources (I)   5,342    61,006 
Tredegar Corp.   6,619    123,047 
Trinseo SA   7,226    408,703 
Tronox, Ltd., Class A   16,384    153,518 
         10,802,900 
Construction materials - 0.2%          
Headwaters, Inc. (I)   18,424    311,734 
Summit Materials, Inc., Class A (I)   19,200    356,160 
U.S. Concrete, Inc. (I)   3,623    166,894 
         834,788 
Containers and packaging - 0.1%          
AEP Industries, Inc.   1,049    114,729 
Greif, Inc., Class A   6,475    321,095 
Greif, Inc., Class B   1,453    88,037 
Multi Packaging          
Solutions International, Ltd. (I)   5,346    77,036 
Myers Industries, Inc.   5,769    74,939 
UFP Technologies, Inc. (I)   1,988    52,682 
         728,518 
Metals and mining - 1.2%          
AK Steel Holding Corp. (I)(L)   60,519    292,307 
Allegheny Technologies, Inc. (L)   27,591    498,569 
Carpenter Technology Corp.   11,749    484,764 
Century Aluminum Company (I)   13,321    92,581 
Cliffs Natural Resources, Inc. (I)(L)   44,742    261,741 
Coeur Mining, Inc. (I)   40,985    484,853 
Commercial Metals Company   28,933    468,425 
Ferroglobe PLC   16,996    153,474 
Gold Resource Corp. (L)   13,197    97,922 
Haynes International, Inc.   3,247    120,496 
Hecla Mining Company   96,181    548,232 
Kaiser Aluminum Corp.   4,494    388,686 
Materion Corp.   5,174    158,894 
Olympic Steel, Inc.   2,443    53,990 
Real Industry, Inc. (I)   7,167    43,862 
Ryerson Holding Corp. (I)   3,323    37,517 
Schnitzer Steel Industries, Inc., Class A   6,767    141,430 
Stillwater Mining Company (I)   31,036    414,641 
SunCoke Energy, Inc.   16,994    136,292 
TimkenSteel Corp. (I)   10,536    110,101 
Worthington Industries, Inc.   11,364    545,813 
         5,534,590 
Paper and forest products - 0.6%          
Boise Cascade Company (I)   9,934    252,324 
Clearwater Paper Corp. (I)   4,272    276,270 
Deltic Timber Corp.   2,721    184,293 
KapStone Paper and Packaging Corp.   21,933    414,972 
Louisiana-Pacific Corp. (I)   36,239    682,380 
Neenah Paper, Inc.   4,132    326,469 

 

The accompanying notes are an integral part of the financial statements.

202

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Paper and forest products (continued)          
PH Glatfelter Company   11,079   $240,193 
Schweitzer-Mauduit International, Inc.   7,618    293,750 
         2,670,651 
         20,571,447 
Real estate - 7.7%          
Equity real estate investment trusts - 7.2%          
Acadia Realty Trust   17,645    639,455 
Agree Realty Corp.   5,549    274,343 
Alexander’s, Inc.   536    224,906 
American Assets Trust, Inc.   9,850    427,293 
Armada Hoffler Properties, Inc.   8,108    108,647 
Ashford Hospitality Prime, Inc.   6,925    97,643 
Ashford Hospitality Trust, Inc.   21,154    124,597 
Bluerock Residential Growth REIT, Inc.   5,683    73,879 
CareTrust REIT, Inc.   14,975    221,331 
CatchMark Timber Trust, Inc., Class A   10,636    124,335 
CBL & Associates Properties, Inc.   42,722    518,645 
Cedar Realty Trust, Inc.   21,685    156,132 
Chatham Lodging Trust   9,621    185,204 
Chesapeake Lodging Trust   15,176    347,530 
City Office REIT, Inc.   6,200    78,926 
Colony Starwood Homes   16,430    471,541 
Community Healthcare Trust, Inc.   3,740    81,981 
CorEnergy Infrastructure Trust, Inc.   3,177    93,181 
CoreSite Realty Corp.   8,402    622,084 
Cousins Properties, Inc.   52,702    550,209 
DiamondRock Hospitality Company   50,827    462,526 
DuPont Fabros Technology, Inc.   18,630    768,488 
Easterly Government Properties, Inc.   8,377    159,833 
EastGroup Properties, Inc.   7,878    579,506 
Education Realty Trust, Inc.   16,541    713,579 
Farmland Partners, Inc. (L)   3,863    43,266 
FelCor Lodging Trust, Inc.   35,161    226,085 
First Industrial Realty Trust, Inc.   29,148    822,557 
First Potomac Realty Trust   15,098    138,147 
Four Corners Property Trust, Inc.   15,118    322,467 
Franklin Street Properties Corp.   24,722    311,497 
Getty Realty Corp.   6,729    161,025 
Gladstone Commercial Corp.   6,467    120,480 
Global Net Lease, Inc. (L)   43,654    356,217 
Government Properties Income Trust   17,774    402,048 
Gramercy Property Trust   106,206    1,023,790 
Healthcare Realty Trust, Inc.   28,296    963,762 
Hersha Hospitality Trust   10,549    190,093 
Hudson Pacific Properties, Inc.   23,425    769,980 
Independence Realty Trust, Inc.   11,184    100,656 
InfraREIT, Inc. (I)   5,079    92,133 
Investors Real Estate Trust   31,507    187,467 
Kite Realty Group Trust   20,835    577,546 
LaSalle Hotel Properties   26,873    641,459 
Lexington Realty Trust   57,999    597,390 
LTC Properties, Inc.   9,349    486,055 
Mack-Cali Realty Corp.   22,506    612,613 
Medical Properties Trust, Inc.   59,431    877,796 
Monmouth Real Estate Investment Corp.   15,922    227,207 
Monogram Residential Trust, Inc.   42,770    455,073 
National Health Investors, Inc.   9,243    725,391 
National Storage Affiliates Trust   8,747    183,162 
New Senior Investment Group, Inc.   19,506    225,099 
New York REIT, Inc.   42,207    386,194 
NexPoint Residential Trust, Inc.   4,885    96,039 
NorthStar Realty Europe Corp.   15,627    171,116 

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Equity real estate investment trusts (continued)          
One Liberty Properties, Inc.   3,934   $95,045 
Parkway Properties, Inc.   20,586    350,168 
Pebblebrook Hotel Trust   18,097    481,380 
Pennsylvania Real Estate Investment Trust   17,371    400,054 
Physicians Realty Trust   33,961    731,520 
Potlatch Corp.   10,416    405,078 
Preferred Apartment          
Communities, Inc., Class A   6,420    86,734 
PS Business Parks, Inc.   4,871    553,199 
QTS Realty Trust, Inc., Class A   11,615    613,853 
RAIT Financial Trust   25,756    87,055 
Ramco-Gershenson Properties Trust   20,129    377,217 
Retail Opportunity Investments Corp.   26,998    592,876 
Rexford Industrial Realty, Inc.   16,681    381,828 
RLJ Lodging Trust   30,795    647,619 
Ryman Hospitality Properties   10,900    524,944 
Sabra Health Care REIT, Inc.   16,542    416,528 
Saul Centers, Inc.   2,531    168,565 
Select Income REIT   15,984    429,970 
Seritage Growth Properties (L)   6,324    320,500 
Silver Bay Realty Trust Corp.   8,460    148,304 
STAG Industrial, Inc.   17,398    426,425 
Summit Hotel Properties, Inc.   21,892    288,099 
Sunstone Hotel Investors, Inc.   54,712    699,766 
Terreno Realty Corp.   10,752    295,788 
The GEO Group, Inc.   18,570    441,595 
Tier REIT, Inc.   12,347    190,638 
UMH Properties, Inc.   7,620    90,830 
Universal Health Realty Income Trust   3,174    200,025 
Urban Edge Properties   22,279    626,931 
Urstadt Biddle Properties, Inc., Class A   6,625    147,208 
Washington Prime Group, Inc.   47,013    582,021 
Washington Real Estate Investment Trust   18,446    574,040 
Whitestone REIT   7,421    103,003 
Xenia Hotels & Resorts, Inc.   26,209    397,853 
         33,476,263 
Real estate management and development - 0.5%          
Alexander & Baldwin, Inc.   11,878    456,353 
Altisource Portfolio Solutions SA (I)   3,021    97,880 
AV Homes, Inc. (I)   3,695    61,485 
Consolidated-Tomoka Land Company   1,241    63,527 
Forestar Group, Inc. (I)   9,122    106,819 
FRP Holdings, Inc. (I)   1,926    59,841 
HFF, Inc., Class A   9,222    255,357 
Kennedy-Wilson Holdings, Inc.   20,973    472,941 
Marcus & Millichap, Inc. (I)   3,885    101,593 
RE/MAX Holdings, Inc., Class A   4,436    194,208 
Tejon Ranch Company (I)   3,737    90,884 
The RMR Group, Inc., Class A   1,876    71,175 
The St. Joe Company (I)   13,058    240,006 
         2,272,069 
         35,748,332 
Telecommunication services - 0.7%          
Diversified telecommunication services - 0.6%          
ATN International, Inc.   2,702    175,738 
Cincinnati Bell, Inc. (I)   53,620    218,770 
Cogent Communications Holdings, Inc.   10,286    378,628 
Consolidated Communications Holdings, Inc.   12,298    310,402 
FairPoint Communications, Inc. (I)   5,436    81,703 
General Communication, Inc., Class A (I)   7,763    106,741 
Globalstar, Inc. (I)(L)   98,709    119,438 

 

The accompanying notes are an integral part of the financial statements.

203

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Diversified telecommunication services (continued)          
Hawaiian Telcom Holdco, Inc. (I)   1,915   $42,877 
IDT Corp., Class B   4,635    79,907 
Inteliquent, Inc.   8,630    139,288 
Iridium Communications, Inc. (I)(L)   21,539    174,681 
Lumos Networks Corp. (I)   5,506    77,084 
ORBCOMM, Inc. (I)   16,449    168,602 
pdvWireless, Inc. (I)(L)   2,651    60,708 
Straight Path          
Communications, Inc., Class B (I)(L)   2,610    66,842 
Vonage Holdings Corp. (I)   48,819    322,694 
Windstream Holdings, Inc. (L)   24,181    243,019 
         2,767,122 
Wireless telecommunication services - 0.1%          
Boingo Wireless, Inc. (I)   9,722    99,942 
Leap Wireless International, Inc. (I)   14,224    44,806 
Shenandoah Telecommunications Company   11,791    320,833 
Spok Holdings, Inc.   5,771    102,839 
         568,420 
         3,335,542 
Utilities - 3.6%          
Electric utilities - 1.1%          
ALLETE, Inc.   12,518    746,323 
El Paso Electric Company   10,298    481,637 
IDACORP, Inc.   12,667    991,573 
MGE Energy, Inc.   9,051    511,472 
Otter Tail Corp.   9,655    333,966 
PNM Resources, Inc.   20,134    658,784 
Portland General Electric Company   22,477    957,295 
The Empire District Electric Company   11,272    384,826 
         5,065,876 
Gas utilities - 1.1%          
Chesapeake Utilities Corp.   3,679    224,640 
Delta Natural Gas Company, Inc.   2,458    58,623 
New Jersey Resources Corp.   21,514    706,950 
Northwest Natural Gas Company   6,834    410,792 
ONE Gas, Inc.   12,921    799,035 
South Jersey Industries, Inc.   20,145    595,285 
Southwest Gas Corp.   11,792    823,789 
Spire, Inc.   11,143    710,255 
WGL Holdings, Inc.   12,644    792,779 
         5,122,148 
Independent power and renewable electricity producers - 0.6%          
Atlantic Power Corp.   34,214    84,509 
Atlantica Yield PLC (L)   15,145    287,906 
Dynegy, Inc. (I)   29,874    370,139 
NRG Yield, Inc., Class A   9,412    153,604 
NRG Yield, Inc., Class C   16,013    271,580 
Ormat Technologies, Inc.   9,964    482,357 
Pattern Energy Group, Inc.   15,012    337,620 
Talen Energy Corp. (I)   21,656    299,936 
TerraForm Global, Inc., Class A (I)   25,071    103,042 
TerraForm Power, Inc., Class A (I)(L)   22,299    310,179 
         2,700,872 
Multi-utilities - 0.5%          
Avista Corp.   15,798    660,198 
Black Hills Corp.   12,959    793,350 
NorthWestern Corp.   12,250    704,743 
Unitil Corp.   3,699    144,483 
         2,302,774 

 

Small Cap Index Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value
COMMON STOCKS (continued)          
Water utilities - 0.3%          
American States Water Company   9,289   $372,024 
Artesian Resources Corp., Class A   2,388    68,154 
California Water Service Group   12,219    392,108 
Connecticut Water Service, Inc.   2,881    143,272 
Consolidated Water Company, Ltd. (L)   4,734    55,009 
Middlesex Water Company   4,158    146,528 
SJW Corp.   4,196    183,281 
York Water Company   3,648    108,200 
         1,468,576 
         16,660,246 
TOTAL COMMON STOCKS (Cost $330,066,421)       $440,392,506 
           
WARRANTS - 0.0%          
Education Management Corp. (Expiration          
Date: 01/05/2022) (I)(N)   7,794    44 
Imperial Holdings, Inc. (Expiration          
Date: 04/11/2019) (I)(N)   1,261    25 
TOTAL WARRANTS (Cost $0)       $69 
           
SECURITIES LENDING COLLATERAL - 8.4%          
John Hancock          
Collateral Trust, 0.6548% (W)(Y)   3,921,692    39,242,804 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $39,242,459)       $39,242,804 
           
SHORT-TERM INVESTMENTS - 4.7%          
Repurchase agreement - 4.7%          
Repurchase Agreement with State Street Corp.          
dated 09/30/2016 at 0.030% to be          
repurchased at $21,990,055 on 10/03/2016,          
collateralized by $22,045,000 U.S. Treasury          
Inflation Indexed Note, 0.125% due          
07/15/2026 (valued at $22,430,788,          
including interest)  $21,990,000   $21,990,000 
TOTAL SHORT-TERM INVESTMENTS (Cost $21,990,000)       $21,990,000 
Total Investments (Small Cap Index Trust)          
(Cost $391,298,880) - 107.9%       $501,625,379 
Other assets and liabilities, net - (7.9%)        (36,941,276)
TOTAL NET ASSETS - 100.0%       $464,684,103 

 

Small Cap Opportunities Trust

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS - 98.9%          
Consumer discretionary - 13.8%          
Auto components - 1.1%          
Cooper Tire & Rubber Company   5,058   $192,282 
Cooper-Standard Holding, Inc. (I)   893    88,228 
Dana, Inc.   8,071    125,827 
Federal-Mogul Holdings Corp. (I)   946    9,091 
Gentex Corp.   15,707    275,815 
Modine Manufacturing Company (I)   6,862    81,383 
Motorcar Parts of America, Inc. (I)   101    2,907 
Shiloh Industries, Inc. (I)   1,515    10,711 
Spartan Motors, Inc.   7,540    72,233 
Standard Motor Products, Inc.   3,508    167,542 

 

The accompanying notes are an integral part of the financial statements.

204

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Opportunities Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Auto components (continued)          
Stoneridge, Inc. (I)   760   $13,984 
Strattec Security Corp.   924    32,617 
Superior Industries International, Inc.   4,329    126,234 
Tower International, Inc.   46    1,109 
Visteon Corp.   15,836    1,134,808 
         2,334,771 
Automobiles - 0.0%          
Thor Industries, Inc.   585    49,550 
Winnebago Industries, Inc.   1,336    31,490 
         81,040 
Distributors - 0.1%          
Core-Mark Holding Company, Inc.   3,494    125,085 
VOXX International Corp. (I)   3,131    9,362 
Weyco Group, Inc.   1,316    35,361 
         169,808 
Diversified consumer services - 0.8%          
American Public Education, Inc. (I)   112    2,219 
Apollo Education Group, Inc. (I)   1,506    11,973 
Ascent Capital Group, Inc., Class A (I)   3,168    73,403 
Bridgepoint Education, Inc. (I)   3,463    23,791 
Career Education Corp. (I)   16,001    108,647 
Carriage Services, Inc.   1,797    42,499 
DeVry Education Group, Inc.   276    6,365 
Graham Holdings Company, Class B   516    248,387 
Houghton Mifflin Harcourt Company (I)   3,821    51,240 
K12, Inc. (I)   1,000    14,350 
Lincoln Educational Services Corp. (I)   1,100    2,420 
National American University Holdings, Inc.   4,665    9,750 
Regis Corp. (I)   7,335    92,054 
ServiceMaster Global Holdings, Inc. (I)   29,026    977,596 
Sotheby’s   3,740    142,195 
Universal Technical Institute, Inc.   3,087    5,495 
         1,812,384 
Hotels, restaurants and leisure - 2.9%          
Ark Restaurants Corp.   64    1,453 
Belmond, Ltd., Class A (I)   12,313    156,498 
Biglari Holdings, Inc. (I)   1    436 
Boyd Gaming Corp. (I)   59,334    1,173,627 
Canterbury Park Holding Corp.   200    2,100 
Dover Motorsports, Inc.   400    988 
Gaming Partners International Corp. (I)   800    8,480 
International Game Technology PLC   16,628    405,391 
International Speedway Corp., Class A   2,802    93,643 
Interval Leisure Group, Inc.   1,965    33,739 
Intrawest Resorts Holdings, Inc. (I)   13    211 
La Quinta Holdings, Inc. (I)   1,999    22,349 
Luby’s, Inc. (I)   6,251    26,817 
Marriott Vacations Worldwide Corp.   3,275    240,123 
Monarch Casino & Resort, Inc. (I)   1,278    32,167 
Panera Bread Company, Class A (I)   4,874    949,065 
Papa John’s International, Inc.   14,938    1,177,861 
RCI Hospitality Holdings, Inc.   2,439    28,122 
Red Lion Hotels Corp. (I)   3,000    25,020 
Red Robin Gourmet Burgers, Inc. (I)   743    33,390 
Ruby Tuesday, Inc. (I)   9,400    23,500 
Speedway Motorsports, Inc.   6,431    114,858 
The Marcus Corp.   3,816    95,553 
The Wendy’s Company   25,116    271,253 
Vail Resorts, Inc.   8,130    1,275,434 
         6,192,078 

 

Small Cap Opportunities Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Household durables - 2.7%          
Bassett Furniture Industries, Inc.   2,333   $54,242 
Beazer Homes USA, Inc. (I)   49,115    572,681 
CalAtlantic Group, Inc.   8,836    295,476 
Cavco Industries, Inc. (I)   606    60,024 
Century Communities, Inc. (I)   60    1,291 
CSS Industries, Inc.   976    24,966 
Emerson Radio Corp. (I)   4,869    4,966 
Ethan Allen Interiors, Inc.   1,706    53,347 
Flexsteel Industries, Inc.   1,750    90,510 
Harman International Industries, Inc.   3,900    329,355 
Helen of Troy, Ltd. (I)   15,262    1,315,127 
Hooker Furniture Corp.   2,555    62,572 
iRobot Corp. (I)   933    41,033 
La-Z-Boy, Inc.   46,205    1,134,795 
Libbey, Inc.   331    5,908 
Lifetime Brands, Inc.   2,931    39,451 
M/I Homes, Inc. (I)   2,195    51,736 
MDC Holdings, Inc.   4,228    109,082 
Meritage Homes Corp. (I)   2,959    102,677 
NACCO Industries, Inc., Class A   700    47,572 
PulteGroup, Inc.   31,820    637,673 
Skullcandy, Inc. (I)   5,061    32,087 
Skyline Corp. (I)   1,252    17,140 
Stanley Furniture Company, Inc.   2,340    4,189 
Toll Brothers, Inc. (I)   15,015    448,348 
TopBuild Corp. (I)   1,355    44,986 
TRI Pointe Group, Inc. (I)   13,897    183,162 
Universal Electronics, Inc. (I)   1,240    92,330 
WCI Communities, Inc. (I)   24    569 
         5,857,295 
Internet and direct marketing retail - 0.1%          
1-800-Flowers.com, Inc., Class A (I)   4,819    44,190 
FTD Companies, Inc. (I)   1,454    29,909 
Liberty TripAdvisor Holdings, Inc., Class A (I)   4,038    88,230 
         162,329 
Leisure products - 0.2%          
Callaway Golf Company   14,553    168,960 
Escalade, Inc.   3,529    45,030 
JAKKS Pacific, Inc. (I)   2,278    19,682 
Johnson Outdoors, Inc., Class A   2,170    78,923 
Vista Outdoor, Inc. (I)   2,148    85,619 
         398,214 
Media - 1.3%          
A H Belo Corp., Class A   4,238    31,149 
AMC Entertainment Holdings, Inc., Class A   303    9,420 
Ballantyne Strong, Inc. (I)   1,114    7,798 
Beasley Broadcast Group, Inc., Class A   502    2,726 
Carmike Cinemas, Inc. (I)   477    15,593 
Cumulus Media, Inc., Class A (I)   15,145    4,996 
Entercom Communications Corp., Class A   7,530    97,438 
Gannett Company, Inc.   8,543    99,441 
Global Eagle Entertainment, Inc. (I)   1,300    10,803 
Gray Television, Inc. (I)   10,200    105,672 
Harte-Hanks, Inc.   8,315    13,470 
John Wiley & Sons, Inc., Class A   3,346    172,687 
Media General, Inc. (I)   292    5,382 
Meredith Corp.   3,097    161,013 
New Media Investment Group, Inc.   187    2,899 
Nexstar Broadcasting Group, Inc., Class A (L)   19,829    1,144,332 
Radio One, Inc., Class D (I)   2,400    7,272 
Reading International, Inc., Class A (I)   1,100    14,685 

 

The accompanying notes are an integral part of the financial statements.

205

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Opportunities Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Media (continued)          
Salem Media Group, Inc.   4,439   $26,101 
Scholastic Corp.   1,959    77,106 
TEGNA, Inc.   19,139    418,379 
The EW Scripps Company, Class A (I)   5,115    81,329 
The Madison Square Garden          
Company, Class A (I)   326    55,228 
The McClatchy Company, Class A (I)   844    13,614 
The New York Times Company, Class A   10,713    128,020 
Time, Inc.   6,335    91,731 
         2,798,284 
Multiline retail - 0.2%          
Dillard’s, Inc., Class A   3,618    227,970 
Fred’s, Inc., Class A   2,000    18,120 
Gordmans Stores, Inc. (I)   3,030    2,636 
J.C. Penney Company, Inc. (I)(L)   23,315    214,964 
Tuesday Morning Corp. (I)   2,100    12,558 
         476,248 
Specialty retail - 3.5%          
Aaron’s, Inc.   9,255    235,262 
Abercrombie & Fitch Company, Class A   4,087    64,942 
American Eagle Outfitters, Inc. (L)   60,839    1,086,585 
Ascena Retail Group, Inc. (I)   11,786    65,884 
AutoNation, Inc. (I)   8,182    398,545 
Barnes & Noble Education, Inc. (I)   6,174    59,085 
Barnes & Noble, Inc.   9,769    110,390 
Bed Bath & Beyond, Inc.   4,342    187,184 
Big 5 Sporting Goods Corp.   1,104    15,036 
Build-A-Bear Workshop, Inc. (I)   2,470    25,589 
Caleres, Inc.   7,015    177,409 
Chico’s FAS, Inc.   8,139    96,854 
Christopher & Banks Corp. (I)   488    708 
Citi Trends, Inc.   3,741    74,558 
Conn’s, Inc. (I)   76    784 
DSW, Inc., Class A   6,370    130,458 
Express, Inc. (I)   3,676    43,340 
GameStop Corp., Class A   10,093    278,466 
Genesco, Inc. (I)   2,034    110,772 
GNC Holdings, Inc., Class A   29,866    609,864 
Group 1 Automotive, Inc.   2,967    189,532 
Guess?, Inc.   5,168    75,504 
Haverty Furniture Companies, Inc.   2,458    49,258 
hhgregg, Inc. (I)(L)   2,951    5,430 
Lithia Motors, Inc., Class A   349    33,336 
MarineMax, Inc. (I)   4,789    100,330 
New York & Company, Inc. (I)   5,638    12,742 
Office Depot, Inc.   31,041    110,816 
Penske Automotive Group, Inc. (L)   8,306    400,183 
Perfumania Holdings, Inc. (I)   848    1,849 
Rent-A-Center, Inc.   7,876    99,553 
Sally Beauty Holdings, Inc. (I)   32,219    827,384 
Shoe Carnival, Inc.   3,229    86,085 
Sonic Automotive, Inc., Class A   1,811    34,047 
Stage Stores, Inc.   5,877    32,970 
Staples, Inc.   25,589    218,786 
Tandy Leather Factory, Inc. (I)   1,690    12,945 
The Cato Corp., Class A   1,957    64,366 
The Children’s Place, Inc.   937    74,838 
The Finish Line, Inc., Class A   3,829    88,373 
The Michaels Companies, Inc. (I)   48,218    1,165,429 
Trans World Entertainment Corp. (I)   6,243    21,538 
Vitamin Shoppe, Inc. (I)   1,983    53,244 
West Marine, Inc. (I)   5,421    44,832 

 

Small Cap Opportunities Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Specialty retail (continued)          
Zumiez, Inc. (I)   400   $7,200 
         7,582,285 
Textiles, apparel and luxury goods - 0.9%          
Charles & Colvard, Ltd. (I)   3,400    3,944 
Columbia Sportswear Company   17,197    975,758 
Culp, Inc.   1,603    47,721 
Deckers Outdoor Corp. (I)   2,831    168,586 
Delta Apparel, Inc. (I)   500    8,230 
Fossil Group, Inc. (I)(L)   1,707    47,403 
G-III Apparel Group, Ltd. (I)   2,651    77,277 
Iconix Brand Group, Inc. (I)(L)   8,941    72,601 
Lakeland Industries, Inc. (I)   1,110    11,045 
Movado Group, Inc.   3,138    67,404 
Perry Ellis International, Inc. (I)   2,800    53,984 
Rocky Brands, Inc.   1,478    15,622 
Superior Uniform Group, Inc.   663    13,121 
Unifi, Inc. (I)   3,647    107,331 
Vera Bradley, Inc. (I)   518    7,848 
Wolverine World Wide, Inc.   6,487    149,396 
         1,827,271 
         29,692,007 
Consumer staples - 2.7%          
Beverages - 0.1%          
Craft Brew Alliance, Inc. (I)   2,909    54,776 
MGP Ingredients, Inc.   2,764    111,997 
         166,773 
Food and staples retailing - 0.3%          
Ingles Markets, Inc., Class A   3,007    118,897 
Smart & Final Stores, Inc. (I)   429    5,478 
SpartanNash Company   5,378    155,532 
The Andersons, Inc.   3,784    136,905 
The Chefs’ Warehouse, Inc. (I)   804    8,957 
United Natural Foods, Inc. (I)   2,419    96,857 
Village Super Market, Inc., Class A   685    21,927 
Weis Markets, Inc.   3,844    203,732 
         748,285 
Food products - 2.0%          
Alico, Inc.   341    9,159 
Cal-Maine Foods, Inc. (L)   300    11,562 
Darling Ingredients, Inc. (I)   13,547    183,020 
Dean Foods Company   8,717    142,959 
Ingredion, Inc.   3,007    400,111 
John B. Sanfilippo & Son, Inc.   2,004    102,865 
Landec Corp. (I)   3,865    51,830 
Omega Protein Corp. (I)   4,079    95,326 
Pinnacle Foods, Inc.   30,583    1,534,349 
Post Holdings, Inc. (I)   3,890    300,191 
Sanderson Farms, Inc.   2,059    198,343 
Seaboard Corp. (I)   58    199,520 
Seneca Foods Corp., Class A (I)   1,409    39,790 
Snyder’s-Lance, Inc.   1,328    44,594 
TreeHouse Foods, Inc. (I)   10,650    928,574 
         4,242,193 
Household products - 0.1%          
Central Garden & Pet Company (I)   2,553    66,378 
Central Garden & Pet Company, Class A (I)   7,962    197,458 
Oil-Dri Corp. of America   531    19,987 
Orchids Paper Products Company (L)   1,176    32,022 
         315,845 

 

The accompanying notes are an integral part of the financial statements.

206

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Opportunities Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Personal products - 0.1%          
Inter Parfums, Inc.   1,604   $51,761 
Mannatech, Inc.   276    4,949 
Natural Alternatives International, Inc. (I)   200    2,628 
Nutraceutical International Corp. (I)   2,093    65,385 
         124,723 
Tobacco - 0.1%          
Universal Corp.   2,997    174,485 
         5,772,304 
Energy - 6.9%          
Energy equipment and services - 3.4%          
Archrock, Inc.   12,331    161,289 
Atwood Oceanics, Inc. (L)   6,364    55,303 
Bristow Group, Inc.   4,893    68,600 
Dawson Geophysical Company (I)   3,760    28,689 
Diamond Offshore Drilling, Inc. (L)   12,013    211,549 
Dril-Quip, Inc. (I)   2,812    156,741 
ENGlobal Corp. (I)   4,600    6,946 
Era Group, Inc. (I)   4,560    36,708 
Exterran Corp. (I)   6,165    96,667 
FMC Technologies, Inc. (I)   13,246    393,009 
Forum Energy Technologies, Inc. (I)   61,721    1,225,779 
Gulf Island Fabrication, Inc.   3,019    27,775 
Gulfmark Offshore, Inc., Class A (I)   5,053    8,489 
Helix Energy Solutions Group, Inc. (I)   14,220    115,609 
Helmerich & Payne, Inc. (L)   9,896    666,001 
Hornbeck Offshore Services, Inc. (I)(L)   5,300    29,150 
Matrix Service Company (I)   2,731    51,234 
McDermott International, Inc. (I)   20,409    102,249 
Mitcham Industries, Inc. (I)   2,431    8,022 
Nabors Industries, Ltd.   33,513    407,518 
Natural Gas Services Group, Inc. (I)   2,620    64,426 
Newpark Resources, Inc. (I)   12,359    90,962 
Noble Corp. PLC   16,058    101,808 
Oceaneering International, Inc.   8,109    223,079 
Oil States International, Inc. (I)   4,041    127,574 
Pacific Drilling SA (I)(L)   3,449    14,003 
Parker Drilling Company (I)   22,288    48,365 
Patterson-UTI Energy, Inc.   16,038    358,770 
PHI, Inc. (I)   443    8,085 
PHI, Inc. (I)   3,660    66,502 
Pioneer Energy Services Corp. (I)   13,400    54,136 
Rowan Companies PLC, Class A   12,998    197,050 
SEACOR Holdings, Inc. (I)(L)   2,929    174,246 
Superior Energy Services, Inc.   66,268    1,186,197 
Tesco Corp.   9,436    76,998 
TETRA Technologies, Inc. (I)   11,674    71,328 
Tidewater, Inc. (L)   8,035    22,659 
Transocean, Ltd. (I)(L)   29,297    312,306 
Unit Corp. (I)   9,506    176,812 
         7,232,633 
Oil, gas and consumable fuels - 3.5%          
Adams Resources & Energy, Inc.   724    28,468 
Alon USA Energy, Inc.   7,477    60,265 
Bill Barrett Corp. (I)   4,721    26,249 
Callon Petroleum Company (I)   4,869    76,443 
Clayton Williams Energy, Inc. (I)   1,167    99,708 
Cloud Peak Energy, Inc. (I)   3,741    20,351 
CONSOL Energy, Inc. (L)   17,594    337,805 
Contango Oil & Gas Company (I)   3,786    38,693 
CVR Energy, Inc. (L)   2,759    37,991 
Delek US Holdings, Inc.   7,310    126,390 

 

Small Cap Opportunities Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Oil, gas and consumable fuels (continued)          
Denbury Resources, Inc. (I)(L)   38,287   $123,667 
DHT Holdings, Inc.   3,733    15,641 
Dorian LPG, Ltd. (I)   56    336 
Energen Corp.   22,513    1,299,450 
GasLog, Ltd. (L)   1,604    23,338 
Gastar Exploration, Inc. (I)   1,866    1,576 
Green Plains, Inc.   7,544    197,653 
HollyFrontier Corp.   5,840    143,080 
Kosmos Energy, Ltd. (I)   18,117    116,130 
Newfield Exploration Company (I)   28,767    1,250,214 
Northern Oil and Gas, Inc. (I)   1,785    4,784 
Oasis Petroleum, Inc. (I)   10,373    118,978 
Overseas Shipholding Group, Inc., Class A   861    9,101 
Panhandle Oil and Gas, Inc., Class A   2,510    44,000 
PBF Energy, Inc., Class A   8,081    182,954 
PDC Energy, Inc. (I)   1,154    77,387 
QEP Resources, Inc.   12,554    245,180 
Range Resources Corp.   1,369    53,049 
Renewable Energy Group, Inc. (I)   2,214    18,753 
Rice Energy, Inc. (I)   1,851    48,330 
RSP Permian, Inc. (I)   36,291    1,407,365 
Scorpio Tankers, Inc.   16,932    78,395 
SemGroup Corp., Class A   3,655    129,241 
Ship Finance International, Ltd. (L)   1,300    19,149 
SM Energy Company   4,504    173,764 
Southwestern Energy Company (I)   4,292    59,401 
Synergy Resources Corp. (I)   6,189    42,890 
Targa Resources Corp.   4,284    210,387 
Teekay Corp.   286    2,205 
Teekay Tankers, Ltd., Class A   1,778    4,498 
Western Refining, Inc.   7,063    186,887 
Whiting Petroleum Corp. (I)   10,821    94,576 
WPX Energy, Inc. (I)   23,450    309,306 
         7,544,028 
         14,776,661 
Financials - 20.8%          
Banks - 11.3%          
1st Source Corp.   3,372    120,364 
American National Bankshares, Inc.   1,848    51,652 
American River Bankshares (I)   2,249    24,379 
Ameris Bancorp   635    22,193 
Associated Banc-Corp.   17,739    347,507 
BancFirst Corp.   1,402    101,659 
BancorpSouth, Inc.   7,165    166,228 
Bank of Commerce Holdings   3,606    25,963 
Bank of the Ozarks, Inc.   26,161    1,004,582 
BankUnited, Inc.   30,057    907,721 
Banner Corp.   1,129    49,382 
Bar Harbor Bankshares   1,000    36,720 
BCB Bancorp, Inc.   1,477    16,616 
Berkshire Hills Bancorp, Inc.   4,748    131,567 
BNC Bancorp   538    13,084 
BOK Financial Corp. (L)   1,408    97,110 
Boston Private Financial Holdings, Inc.   9,773    125,388 
Brookline Bancorp, Inc.   15,129    184,423 
Bryn Mawr Bank Corp.   1,969    62,988 
C&F Financial Corp.   627    27,011 
California First National Bancorp   1,653    23,076 
Camden National Corp.   1,148    54,806 
Capital Bank Financial Corp., Class A   675    21,674 
Capital City Bank Group, Inc.   3,946    58,282 
Cardinal Financial Corp.   4,331    112,996 

 

The accompanying notes are an integral part of the financial statements.

207

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Opportunities Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Banks (continued)          
Cascade Bancorp (I)   79   $479 
CenterState Banks, Inc.   3,102    54,998 
Central Pacific Financial Corp.   3,754    94,563 
Century Bancorp, Inc., Class A   836    37,888 
Chemical Financial Corp.   4,133    182,389 
Chemung Financial Corp.   966    28,004 
City Holding Company   1,085    54,565 
CNB Financial Corp.   1,962    41,516 
CoBiz Financial, Inc.   3,423    45,560 
Columbia Banking System, Inc.   4,816    157,580 
Community Bank Systems, Inc.   2,110    101,512 
Community Trust Bancorp, Inc.   2,447    90,808 
ConnectOne Bancorp, Inc.   577    10,421 
Customers Bancorp, Inc. (I)   900    22,644 
CVB Financial Corp.   4,276    75,300 
East West Bancorp, Inc.   32,804    1,204,235 
Eastern Virginia Bankshares, Inc.   2,996    24,088 
Enterprise Bancorp, Inc.   246    6,888 
Enterprise Financial Services Corp.   2,628    82,125 
Farmers Capital Bank Corp.   1,551    45,972 
FCB Financial Holdings, Inc., Class A (I)   1,310    50,343 
Fidelity Southern Corp.   3,081    56,660 
Financial Institutions, Inc.   1,481    40,150 
First Bancorp   4,396    86,997 
First BanCorp (I)   38,671    201,089 
First Bancorp, Inc.   1,769    42,403 
First Busey Corp.   341    7,707 
First Business Financial Services, Inc.   1,366    32,101 
First Citizens BancShares, Inc., Class A   320    94,045 
First Commonwealth Financial Corp.   13,744    138,677 
First Community Bancshares, Inc.   4,630    114,824 
First Connecticut Bancorp, Inc.   3,963    70,502 
First Financial Bancorp   4,968    108,501 
First Financial Corp.   1,877    76,356 
First Financial Northwest, Inc.   3,879    54,965 
First Interstate BancSystem, Inc., Class A   1,660    52,307 
First Merchants Corp.   4,679    125,163 
First Midwest Bancorp, Inc.   7,500    145,200 
First NBC Bank Holding Company (I)   102    963 
First South Bancorp, Inc.   1,628    15,775 
Flushing Financial Corp.   4,247    100,739 
FNB Corp.   11,923    146,653 
Fulton Financial Corp.   18,259    265,121 
Glacier Bancorp, Inc.   23,947    682,968 
Great Southern Bancorp, Inc.   2,054    83,598 
Great Western Bancorp, Inc.   36,527    1,217,080 
Guaranty Bancorp   3,284    58,619 
Hancock Holding Company   6,631    215,043 
Hanmi Financial Corp.   4,672    123,060 
Heartland Financial USA, Inc.   2,428    87,578 
Heritage Commerce Corp.   2,996    32,776 
Heritage Financial Corp.   1,481    26,584 
Hilltop Holdings, Inc. (I)   6,466    145,226 
Hope Bancorp, Inc.   12,412    215,596 
Horizon Bancorp   1,444    42,425 
IBERIABANK Corp.   19,785    1,327,969 
Independent Bank Corp. (MA)   1,562    84,489 
Independent Bank Corp. (MI)   206    3,467 
Independent Bank Group, Inc.   53    2,341 
International Bancshares Corp.   8,402    250,212 
Investors Bancorp, Inc.   29,794    357,826 
Lakeland Bancorp, Inc.   4,261    59,824 
LegacyTexas Financial Group, Inc.   3,326    105,201 

 

Small Cap Opportunities Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Banks (continued)          
Macatawa Bank Corp.   8,394   $67,068 
MainSource Financial Group, Inc.   4,125    102,919 
MB Financial, Inc.   155    5,896 
MBT Financial Corp.   3,223    29,168 
Mercantile Bank Corp.   1,266    33,992 
Merchants Bancshares, Inc.   1,017    32,941 
MidSouth Bancorp, Inc.   1,822    18,949 
MidWestOne Financial Group, Inc.   1,343    40,787 
National Bank Holdings Corp., Class A   757    17,691 
NBT Bancorp, Inc.   3,823    125,662 
Northrim BanCorp, Inc.   1,530    39,398 
Norwood Financial Corp.   792    23,190 
OFG Bancorp   6,515    65,867 
Old National Bancorp   9,994    140,516 
Old Second Bancorp, Inc.   2,721    22,612 
Opus Bank   1,848    65,364 
Pacific Continental Corp.   2,749    46,238 
Pacific Mercantile Bancorp (I)   2,510    18,499 
PacWest Bancorp   10,484    449,868 
Park Sterling Corp.   10,501    85,268 
Peapack Gladstone Financial Corp.   1,625    36,416 
Penns Woods Bancorp, Inc. (L)   792    35,212 
People’s United Financial, Inc.   30,746    486,402 
Peoples Bancorp, Inc.   2,153    52,942 
Pinnacle Financial Partners, Inc.   19,075    1,031,576 
Popular, Inc.   7,939    303,429 
Preferred Bank   1,883    67,317 
Premier Financial Bancorp, Inc.   2,052    35,171 
Prosperity Bancshares, Inc.   6,185    339,495 
QCR Holdings, Inc.   1,521    48,277 
Renasant Corp.   5,299    178,205 
Republic Bancorp, Inc., Class A   4,422    137,436 
Republic First Bancorp, Inc. (I)   3,612    14,845 
S&T Bancorp, Inc.   4,287    124,280 
Sandy Spring Bancorp, Inc.   3,480    106,418 
Seacoast Banking Corp. of Florida (I)   1,191    19,163 
Shore Bancshares, Inc.   2,225    26,211 
Sierra Bancorp   2,175    40,803 
Simmons First National Corp., Class A   1,295    64,621 
South State Corp.   1,779    133,496 
Southern National Bancorp of Virginia, Inc.   1,959    25,565 
Southside Bancshares, Inc.   574    18,471 
Southwest Bancorp, Inc.   4,604    87,430 
State Bank Financial Corp.   2,215    50,546 
Sterling Bancorp   11,308    197,890 
Suffolk Bancorp   1,938    67,384 
Sun Bancorp, Inc.   282    6,503 
Synovus Financial Corp. (I)   33,712    1,096,651 
TCF Financial Corp.   13,821    200,543 
Texas Capital Bancshares, Inc. (I)   2,827    155,259 
The Bancorp, Inc. (I)   3,062    19,658 
Tompkins Financial Corp.   449    34,308 
Towne Bank   4,414    106,068 
TriCo Bancshares   400    10,708 
Trustmark Corp.   6,295    173,490 
Umpqua Holdings Corp.   21,424    322,431 
Union Bankshares Corp.   6,132    164,154 
United Community Banks, Inc.   4,348    91,395 
Univest Corp. of Pennsylvania   4,029    94,117 
Valley National Bancorp   19,063    185,483 
Washington Trust Bancorp, Inc.   1,728    69,500 
Webster Financial Corp.   27,988    1,063,824 
WesBanco, Inc.   6,177    203,100 

 

The accompanying notes are an integral part of the financial statements.

208

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Opportunities Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Banks (continued)          
West Bancorporation, Inc.   843   $16,523 
Western Alliance Bancorp (I)   28,612    1,074,094 
Wintrust Financial Corp.   3,466    192,606 
Zions Bancorporation   20,112    623,874 
         24,363,212 
Capital markets - 1.4%          
Calamos Asset Management, Inc., Class A   4,844    33,036 
Cowen Group, Inc., Class A (I)(L)   27,926    101,371 
E*TRADE Financial Corp. (I)   55,955    1,629,410 
INTL. FCStone, Inc. (I)   4,806    186,713 
Investment Technology Group, Inc.   2,461    42,182 
Janus Capital Group, Inc.   27,904    390,935 
KCG Holdings, Inc., Class A (I)   2,256    35,036 
Legg Mason, Inc.   11,084    371,092 
Oppenheimer Holdings, Inc., Class A   3,213    45,914 
Piper Jaffray Companies (I)   800    38,640 
Stifel Financial Corp. (I)   4,197    161,375 
TheStreet, Inc.   4,157    4,573 
Virtus Investment Partners, Inc.   151    14,777 
         3,055,054 
Consumer finance - 0.5%          
Asta Funding, Inc. (I)   2,925    30,713 
Emergent Capital, Inc. (I)   5,828    17,076 
Encore Capital Group, Inc. (I)(L)   2,320    52,154 
EZCORP, Inc., Class A (I)   1,009    11,160 
FirstCash, Inc.   1,812    85,309 
Green Dot Corp., Class A (I)   3,994    92,102 
Navient Corp.   27,272    394,626 
Nelnet, Inc., Class A   4,156    167,778 
Nicholas Financial, Inc. (I)   75    759 
PRA Group, Inc. (I)   768    26,527 
Santander Consumer USA Holdings, Inc. (I)   5,491    66,771 
         944,975 
Diversified financial services - 0.1%          
BBX Capital Corp., Class A (I)   241    4,972 
FNFV Group (I)   601    7,500 
Leucadia National Corp.   4,328    82,405 
Marlin Business Services Corp.   1,698    32,907 
NewStar Financial, Inc. (I)   8,366    81,234 
PICO Holdings, Inc. (I)   2,493    29,392 
         238,410 
Insurance - 6.0%          
Allied World Assurance Company Holdings AG   10,504    424,572 
Ambac Financial Group, Inc. (I)   1,536    28,247 
American Equity Investment Life          
Holding Company   9,734    172,584 
American Financial Group, Inc.   16,091    1,206,825 
American National Insurance Company   2,344    285,874 
AMERISAFE, Inc.   589    34,621 
Argo Group International Holdings, Ltd.   4,408    248,699 
Aspen Insurance Holdings, Ltd.   7,328    341,412 
Assurant, Inc.   6,914    637,817 
Assured Guaranty, Ltd.   14,494    402,209 
Axis Capital Holdings, Ltd.   10,564    573,942 
Baldwin & Lyons, Inc., Class B   2,973    76,198 
CNO Financial Group, Inc.   83,468    1,274,556 
Donegal Group, Inc., Class A   4,559    73,445 
EMC Insurance Group, Inc.   4,339    116,849 
Employers Holdings, Inc.   2,717    81,048 
Endurance Specialty Holdings, Ltd.   7,093    464,237 
Enstar Group, Ltd. (I)   597    98,189 

 

Small Cap Opportunities Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Insurance (continued)          
FBL Financial Group, Inc., Class A   4,495   $287,545 
Federated National Holding Company   1,090    20,372 
Genworth Financial, Inc., Class A (I)   8,349    41,411 
Global Indemnity PLC (I)   2,945    87,467 
Greenlight Capital Re, Ltd., Class A (I)   2,616    53,471 
Hallmark Financial Services, Inc. (I)   4,008    41,242 
Heritage Insurance Holdings, Inc.   657    9,467 
Horace Mann Educators Corp.   21,614    792,153 
Independence Holding Company   3,958    67,998 
Investors Title Company   438    43,581 
Kemper Corp.   6,629    260,652 
Maiden Holdings, Ltd.   14,084    178,726 
MBIA, Inc. (I)   14,455    112,604 
National General Holdings Corp.   2,421    53,843 
National Western Life Group, Inc., Class A   738    151,563 
Old Republic International Corp.   19,854    349,827 
ProAssurance Corp.   1,205    63,238 
Reinsurance Group of America, Inc.   6,379    688,549 
RenaissanceRe Holdings, Ltd.   4,161    499,986 
Safety Insurance Group, Inc.   1,060    71,253 
Selective Insurance Group, Inc.   5,508    219,549 
State Auto Financial Corp.   4,187    99,692 
State National Companies, Inc.   194    2,157 
Stewart Information Services Corp.   2,162    96,101 
The Hanover Insurance Group, Inc.   17,982    1,356,202 
The Navigators Group, Inc.   2,118    205,277 
United Fire Group, Inc.   2,908    123,067 
Validus Holdings, Ltd.   8,883    442,551 
White Mountains Insurance Group, Ltd.   44    36,520 
         12,997,388 
Thrifts and mortgage finance - 1.5%          
ASB Bancorp, Inc. (I)   799    20,918 
Astoria Financial Corp.   16,177    236,184 
Bank Mutual Corp.   10,661    81,876 
BankFinancial Corp.   4,835    61,405 
Beneficial Bancorp, Inc. (I)   1,643    24,169 
Capitol Federal Financial, Inc.   19,104    268,793 
Chicopee Bancorp, Inc.   783    14,486 
Dime Community Bancshares, Inc.   5,215    87,403 
ESSA Bancorp, Inc.   897    12,406 
EverBank Financial Corp.   6,076    117,631 
Federal Agricultural Mortgage Corp., Class C   1,713    67,664 
First Defiance Financial Corp.   2,186    97,583 
Flagstar Bancorp, Inc. (I)   7,461    207,043 
Home Bancorp, Inc.   1,668    46,704 
HomeStreet, Inc. (I)   1,732    43,404 
HopFed Bancorp, Inc.   1,799    20,167 
Kearny Financial Corp.   3,637    49,500 
Lake Sunapee Bank Group (L)   1,485    26,834 
Meridian Bancorp, Inc.   1,625    25,301 
Meta Financial Group, Inc.   965    58,489 
Northeast Community Bancorp, Inc.   1,932    13,524 
Northfield Bancorp, Inc.   6,576    105,874 
Northwest Bancshares, Inc.   7,698    120,936 
Oritani Financial Corp.   7,033    110,559 
PHH Corp. (I)   10,506    151,812 
Provident Financial Holdings, Inc.   1,778    34,778 
Provident Financial Services, Inc.   4,435    94,155 
Prudential Bancorp, Inc.   1,696    24,558 
Radian Group, Inc.   13,453    182,288 
Riverview Bancorp, Inc.   5,483    29,499 
SI Financial Group, Inc.   2,433    32,116 
Southern Missouri Bancorp, Inc.   1,012    25,199 

 

The accompanying notes are an integral part of the financial statements.

209

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Opportunities Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Thrifts and mortgage finance (continued)          
Territorial Bancorp, Inc.   1,722   $49,353 
TierOne Corp. (I)   2,328    1 
TrustCo Bank Corp.   13,738    97,402 
United Community Financial Corp.   10,961    77,933 
United Financial Bancorp, Inc.   4,950    68,508 
Walker & Dunlop, Inc. (I)   1,536    38,799 
Washington Federal, Inc.   8,550    228,114 
Waterstone Financial, Inc.   3,678    62,489 
Westfield Financial, Inc.   4,152    31,763 
WSFS Financial Corp.   1,264    46,123 
         3,193,743 
         44,792,782 
Health care - 9.2%          
Biotechnology - 1.0%          
Acorda Therapeutics, Inc. (I)   1,660    34,661 
Aptevo Therapeutics, Inc. (I)   2,502    6,405 
Emergent BioSolutions, Inc. (I)   2,728    86,014 
Neurocrine Biosciences, Inc. (I)   21,946    1,111,345 
Retrophin, Inc. (I)   35,271    789,365 
Trius Therapeutics, Inc.   1,482    163 
         2,027,953 
Health care equipment and supplies - 3.0%          
Analogic Corp.   14,768    1,308,445 
AngioDynamics, Inc. (I)   8,277    145,179 
CONMED Corp.   3,500    140,210 
CryoLife, Inc.   4,002    70,315 
Cynosure, Inc., Class A (I)   1,873    95,411 
Exactech, Inc. (I)   1,991    53,817 
Haemonetics Corp. (I)   2,060    74,593 
Halyard Health, Inc. (I)   3,169    109,838 
Hill-Rom Holdings, Inc.   24,786    1,536,236 
Integer Holdings Corp. (I)   3,335    72,336 
Invacare Corp.   3,396    37,933 
Kewaunee Scientific Corp.   83    1,977 
Merit Medical Systems, Inc. (I)   6,737    163,642 
Misonix, Inc. (I)   303    1,606 
Nevro Corp. (I)(L)   12,486    1,303,414 
Nuvectra Corp. (I)   1,111    7,688 
OraSure Technologies, Inc. (I)   89    709 
Orthofix International NV (I)   241    10,308 
RTI Surgical, Inc. (I)   4,931    15,434 
SeaSpine Holdings Corp. (I)   580    5,864 
Span-America Medical Systems, Inc.   684    12,791 
Wright Medical Group NV (I)   51,403    1,260,916 
         6,428,662 
Health care providers and services - 2.4%          
Acadia Healthcare Company, Inc. (I)   19,368    959,684 
Aceto Corp.   4,420    83,936 
Air Methods Corp. (I)   2,139    67,357 
Almost Family, Inc. (I)   2,180    80,159 
Amsurg Corp. (I)   5,246    351,744 
Brookdale Senior Living, Inc. (I)   14,058    245,312 
Community Health Systems, Inc. (I)   7,907    91,247 
Cross Country Healthcare, Inc. (I)   5,005    58,959 
Digirad Corp.   3,100    15,810 
Five Star Quality Care, Inc. (I)   8,754    16,720 
Hanger, Inc. (I)   2,811    23,894 
Healthways, Inc. (I)   5,277    139,629 
Kindred Healthcare, Inc.   9,022    92,205 
LHC Group, Inc. (I)   2,725    100,498 
LifePoint Health, Inc. (I)   4,269    252,853 

 

Small Cap Opportunities Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Health care providers and services (continued)          
Magellan Health, Inc. (I)   3,245   $174,354 
Medcath Corp. (I)   3,806    1,903 
MEDNAX, Inc. (I)   1,347    89,239 
Molina Healthcare, Inc. (I)   5,319    310,204 
National HealthCare Corp.   2,444    161,280 
Owens & Minor, Inc.   5,919    205,567 
PharMerica Corp. (I)   6,796    190,764 
Quorum Health Corp. (I)   2,853    17,888 
Select Medical Holdings Corp. (I)   16,876    227,826 
Team Health Holdings, Inc. (I)   20,904    680,634 
The Ensign Group, Inc.   1,260    25,364 
The Providence Service Corp. (I)   722    35,111 
Triple-S Management Corp., Class B (I)   3,459    75,856 
Universal American Corp.   8,336    63,770 
WellCare Health Plans, Inc. (I)   2,649    310,171 
         5,149,938 
Health care technology - 0.6%          
Arrhythmia Research Technology, Inc. (I)   200    838 
HealthStream, Inc. (I)   33    911 
HMS Holdings Corp. (I)   57,069    1,265,220 
Omnicell, Inc. (I)   1,102    42,207 
         1,309,176 
Life sciences tools and services - 1.0%          
Bio-Techne Corp.   10,157    1,112,192 
Cambrex Corp. (I)   19,883    883,998 
Harvard Bioscience, Inc. (I)   6,562    17,849 
Luminex Corp. (I)   1,153    26,196 
VWR Corp. (I)   7,125    202,065 
         2,242,300 
Pharmaceuticals - 1.2%          
Amphastar Pharmaceuticals, Inc. (I)   903    17,130 
Cumberland Pharmaceuticals, Inc. (I)   956    4,790 
Forest Laboratories, Inc.   767    0 
FRD Acquisition Company   5,160    3,493 
Impax Laboratories, Inc. (I)   27,941    662,202 
Phibro Animal Health Corp., Class A   30,658    833,284 
Prestige Brands Holdings, Inc. (I)   1,411    68,109 
SciClone Pharmaceuticals, Inc. (I)   1,021    10,465 
Supernus Pharmaceuticals, Inc. (I)   41,599    1,028,743 
         2,628,216 
         19,786,245 
Industrials - 18.2%          
Aerospace and defense - 1.0%          
AAR Corp.   4,565    142,976 
Aerovironment, Inc. (I)   969    23,653 
CPI Aerostructures, Inc. (I)   1,400    9,604 
Cubic Corp.   2,425    113,514 
Curtiss-Wright Corp.   1,705    155,343 
DigitalGlobe, Inc. (I)   5,214    143,385 
Ducommun, Inc. (I)   2,274    51,938 
Engility Holdings, Inc. (I)   2,470    77,805 
Esterline Technologies Corp. (I)   2,214    168,353 
KLX, Inc. (I)   3,945    138,864 
Kratos Defense & Security Solutions, Inc. (I)   13,485    92,912 
LMI Aerospace, Inc. (I)   2,295    16,295 
Mercury Systems, Inc. (I)   6,327    155,454 
Moog, Inc., Class A (I)   2,178    129,678 
National Presto Industries, Inc.   138    12,115 
Orbital ATK, Inc.   650    49,550 
SIFCO Industries, Inc. (I)   1,000    10,040 

 

The accompanying notes are an integral part of the financial statements.

210

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Opportunities Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Aerospace and defense (continued)          
Sparton Corp. (I)   2,053   $53,912 
Spirit AeroSystems Holdings, Inc., Class A (I)   2,855    127,162 
Teledyne Technologies, Inc. (I)   2,371    255,902 
Triumph Group, Inc.   4,181    116,566 
Vectrus, Inc. (I)   325    4,950 
Wesco Aircraft Holdings, Inc. (I)   4,722    63,416 
         2,113,387 
Air freight and logistics - 0.8%          
Air Transport Services Group, Inc. (I)   10,156    145,739 
Atlas Air Worldwide Holdings, Inc. (I)   3,290    140,878 
Echo Global Logistics, Inc. (I)   1,157    26,680 
Forward Air Corp.   23,149    1,001,426 
Hub Group, Inc., Class A (I)   5,139    209,466 
XPO Logistics, Inc. (I)(L)   6,402    234,761 
         1,758,950 
Airlines - 0.3%          
Copa Holdings SA, Class A   1,394    122,574 
JetBlue Airways Corp. (I)   12,709    219,103 
SkyWest, Inc.   6,695    176,815 
Spirit Airlines, Inc. (I)   4,337    184,453 
         702,945 
Building products - 1.8%          
Apogee Enterprises, Inc.   32,015    1,430,750 
Armstrong Flooring, Inc. (I)   49    925 
Continental Building Products, Inc. (I)   675    14,168 
Gibraltar Industries, Inc. (I)   4,144    153,950 
Griffon Corp.   8,044    136,828 
Insteel Industries, Inc.   2,649    96,000 
Owens Corning   7,332    391,455 
Quanex Building Products Corp.   5,950    102,697 
Simpson Manufacturing Company, Inc.   4,345    190,963 
Trex Company, Inc. (I)   16,894    992,016 
Universal Forest Products, Inc.   2,142    210,966 
USG Corp. (I)   4,340    112,189 
         3,832,907 
Commercial services and supplies - 3.1%          
ABM Industries, Inc.   26,432    1,049,350 
ACCO Brands Corp. (I)   6,090    58,708 
Acme United Corp.   733    15,129 
ARC Document Solutions, Inc. (I)   3,098    11,587 
Brady Corp., Class A   1,456    50,392 
CECO Environmental Corp.   1,395    15,736 
Clean Harbors, Inc. (I)   3,206    153,824 
Covanta Holding Corp.   9,181    141,296 
Ennis, Inc.   5,887    99,196 
Essendant, Inc.   3,431    70,404 
G&K Services, Inc., Class A   456    43,543 
Heritage-Crystal Clean, Inc. (I)   1,877    24,927 
InnerWorkings, Inc. (I)   1,437    13,537 
Kimball International, Inc., Class B   3,080    39,855 
Matthews International Corp., Class A   2,891    175,657 
McGrath RentCorp   5,082    161,150 
Mobile Mini, Inc.   35,096    1,059,899 
NL Industries, Inc. (I)   3,260    12,812 
Pitney Bowes, Inc.   45,814    831,982 
Quad/Graphics, Inc.   266    7,108 
Steelcase, Inc., Class A   3,180    44,170 
Team, Inc. (I)   25,275    826,745 
Tetra Tech, Inc.   5,782    205,088 
TRC Companies, Inc. (I)   4,523    39,214 
UniFirst Corp.   1,043    137,530 

 

Small Cap Opportunities Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Commercial services and supplies (continued)          
Viad Corp.   3,643   $134,317 
Virco Manufacturing Corp. (I)   1,200    4,956 
VSE Corp.   2,634    89,530 
Waste Connections, Inc.   15,911    1,188,552 
         6,706,194 
Construction and engineering - 2.1%          
AECOM (I)   10,191    302,978 
Aegion Corp. (I)   4,648    88,637 
Ameresco, Inc., Class A (I)   6,918    36,389 
Argan, Inc.   2,078    122,997 
Dycom Industries, Inc. (I)   12,355    1,010,392 
EMCOR Group, Inc.   1,711    102,010 
Fluor Corp.   2,436    125,016 
Granite Construction, Inc.   3,393    168,768 
Great Lakes Dredge & Dock Corp. (I)   13,300    46,550 
IES Holdings, Inc. (I)   753    13,396 
Jacobs Engineering Group, Inc. (I)   12,049    623,174 
KBR, Inc.   2,783    42,107 
Layne Christensen Company (I)(L)   3,312    28,185 
MasTec, Inc. (I)   6,533    194,291 
MYR Group, Inc. (I)   2,443    73,534 
Northwest Pipe Company (I)   1,706    20,148 
Orion Group Holdings, Inc. (I)   4,263    29,202 
Primoris Services Corp.   42,474    874,964 
Quanta Services, Inc. (I)   14,425    403,756 
Sterling Construction Company, Inc. (I)   3,771    29,188 
Tutor Perini Corp. (I)   8,984    192,886 
Valmont Industries, Inc.   399    53,693 
         4,582,261 
Electrical equipment - 1.5%          
Babcock & Wilcox Enterprises, Inc. (I)   1,113    18,365 
Encore Wire Corp.   3,351    123,216 
Ener1, Inc. (I)   28    0 
EnerSys   23,885    1,652,603 
Generac Holdings, Inc. (I)   28,265    1,026,020 
General Cable Corp.   2,090    31,308 
Global Power Equipment Group, Inc. (I)   4,171    17,351 
LSI Industries, Inc.   4,131    46,391 
Powell Industries, Inc.   1,610    64,481 
Preformed Line Products Company   984    41,495 
Regal Beloit Corp.   3,470    206,430 
Thermon Group Holdings, Inc. (I)   1,617    31,936 
Ultralife Corp. (I)   1,984    8,134 
         3,267,730 
Industrial conglomerates - 0.0%          
Carlisle Companies, Inc.   652    66,876 
Raven Industries, Inc.   300    6,909 
         73,785 
Machinery - 3.6%          
AGCO Corp.   6,571    324,082 
Alamo Group, Inc.   2,027    133,559 
Albany International Corp., Class A   33,209    1,407,397 
Altra Industrial Motion Corp.   1,391    40,297 
American Railcar Industries, Inc.   2,773    114,996 
Astec Industries, Inc.   3,504    209,784 
Barnes Group, Inc.   4,770    193,424 
Briggs & Stratton Corp.   6,092    113,616 
Chart Industries, Inc. (I)   1,821    59,783 
CIRCOR International, Inc.   1,614    96,130 
Colfax Corp. (I)   9,755    306,600 
Columbus McKinnon Corp.   2,978    53,128 

 

The accompanying notes are an integral part of the financial statements.

211

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Opportunities Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Machinery (continued)          
Douglas Dynamics, Inc.   3,168   $101,186 
Dynamic Materials Corp.   2,005    21,373 
ESCO Technologies, Inc.   3,751    174,121 
Federal Signal Corp.   10,128    134,297 
Franklin Electric Company, Inc.   1,822    74,174 
Gencor Industries, Inc. (I)   2,100    25,158 
Hardinge, Inc.   1,500    16,695 
Hurco Companies, Inc.   1,492    41,880 
Hyster-Yale Materials Handling, Inc.   970    58,326 
ITT, Inc.   5,557    199,163 
Joy Global, Inc.   2,275    63,109 
Kadant, Inc.   218    11,360 
Key Technology, Inc. (I)   641    6,929 
LB Foster Company, Class A   1,699    20,405 
Lydall, Inc. (I)   2,409    123,172 
Manitowoc Foodservice, Inc. (I)   3,181    51,596 
MFRI, Inc. (I)   1,100    8,382 
Miller Industries, Inc.   2,106    47,996 
Mueller Industries, Inc.   5,290    171,502 
NN, Inc.   2,376    43,362 
Oshkosh Corp.   2,400    134,400 
SPX Corp. (I)   44,239    890,973 
SPX FLOW, Inc. (I)   739    22,850 
Supreme Industries, Inc., Class A   3,651    70,464 
Terex Corp.   6,144    156,119 
The Eastern Company   1,471    29,464 
The Greenbrier Companies, Inc. (L)   4,203    148,366 
The LS Starrett Company, Class A   1,530    15,025 
The Manitowoc Company, Inc.   3,181    15,237 
Titan International, Inc.   2,200    22,264 
TriMas Corp. (I)   1,856    34,540 
Trinity Industries, Inc.   15,909    384,680 
Twin Disc, Inc.   1,650    19,767 
Wabash National Corp. (I)   3,712    52,859 
Watts Water Technologies, Inc., Class A   19,568    1,268,789 
         7,712,779 
Marine - 0.2%          
Kirby Corp. (I)   5,111    317,700 
Matson, Inc.   4,748    189,350 
         507,050 
Professional services - 1.1%          
CBIZ, Inc. (I)   10,531    117,842 
CDI Corp.   4,408    24,993 
CRA International, Inc. (I)   2,371    63,045 
Franklin Covey Company (I)   830    14,782 
FTI Consulting, Inc. (I)   6,054    269,766 
GP Strategies Corp. (I)   750    18,465 
Heidrick & Struggles International, Inc.   4,283    79,450 
Hill International, Inc. (I)   9,256    42,670 
Huron Consulting Group, Inc. (I)   1,611    96,273 
ICF International, Inc. (I)   4,087    181,136 
Kelly Services, Inc., Class A   6,833    131,330 
Korn/Ferry International   8,307    174,447 
ManpowerGroup, Inc.   6,703    484,359 
Mistras Group, Inc. (I)   781    18,330 
Navigant Consulting, Inc. (I)   9,227    186,570 
On Assignment, Inc. (I)   4,655    168,930 
RCM Technologies, Inc.   300    1,983 
Resources Connection, Inc.   9,420    140,735 
RPX Corp. (I)   4,949    52,905 
TrueBlue, Inc. (I)   2,519    57,081 
         2,325,092 

 

Small Cap Opportunities Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Road and rail - 1.6%          
AMERCO   861   $279,162 
ArcBest Corp.   3,836    72,961 
Avis Budget Group, Inc. (I)   4,950    169,340 
Celadon Group, Inc.   50,957    445,364 
Covenant Transportation          
Group, Inc., Class A (I)   2,929    56,618 
Genesee & Wyoming, Inc., Class A (I)   4,894    337,441 
Knight Transportation, Inc.   817    23,440 
Marten Transport, Ltd.   7,428    155,988 
Old Dominion Freight Line, Inc. (I)   19,051    1,307,089 
P.A.M. Transportation Services, Inc. (I)   975    19,520 
Patriot Transportation Holding, Inc. (I)   450    9,563 
Providence and Worcester Railroad Company   815    20,196 
Roadrunner Transportation Systems, Inc. (I)   600    4,788 
Ryder System, Inc.   5,568    367,210 
Saia, Inc. (I)   3,963    118,731 
USA Truck, Inc. (I)   1,375    14,080 
Werner Enterprises, Inc.   5,765    134,152 
         3,535,643 
Trading companies and distributors - 1.0%          
Air Lease Corp.   8,920    254,934 
Applied Industrial Technologies, Inc.   3,554    166,114 
Beacon Roofing Supply, Inc. (I)   898    37,779 
BMC Stock Holdings, Inc. (I)   1,715    30,407 
CAI International, Inc. (I)   3,456    28,581 
GATX Corp. (L)   4,671    208,093 
H&E Equipment Services, Inc.   786    13,173 
Houston Wire & Cable Company   3,039    18,811 
Kaman Corp.   2,465    108,263 
Lawson Products, Inc. (I)   591    10,478 
MRC Global, Inc. (I)   5,779    94,949 
NOW, Inc. (I)   1,491    31,952 
Rush Enterprises, Inc., Class A (I)   5,802    142,033 
Rush Enterprises, Inc., Class B (I)   5,128    124,662 
Titan Machinery, Inc. (I)   2,816    29,286 
Transcat, Inc. (I)   1,532    16,086 
Triton International, Ltd.   5,250    69,248 
United Rentals, Inc. (I)   5,589    438,681 
Veritiv Corp. (I)   217    10,887 
WESCO International, Inc. (I)   3,343    205,561 
Willis Lease Finance Corp. (I)   406    9,651 
         2,049,629 
Transportation infrastructure - 0.1%          
Macquarie Infrastructure Corp.   1,254    104,383 
         39,272,735 
Information technology - 16.9%          
Communications equipment - 0.7%          
ADTRAN, Inc.   3,285    62,875 
Bel Fuse, Inc., Class B   1,641    39,614 
Black Box Corp.   2,530    35,167 
Brocade Communications Systems, Inc.   23,452    216,462 
Calix, Inc. (I)   1,388    10,202 
Communications Systems, Inc.   1,800    8,568 
Comtech Telecommunications Corp.   3,221    41,261 
Digi International, Inc. (I)   4,813    54,868 
EchoStar Corp., Class A (I)   5,967    261,534 
Finisar Corp. (I)   9,148    272,610 
Harmonic, Inc. (I)   1,802    10,686 
Ixia (I)   4,426    55,325 
NETGEAR, Inc. (I)   3,913    236,697 
NetScout Systems, Inc. (I)   1,306    38,201 

 

The accompanying notes are an integral part of the financial statements.

212

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Opportunities Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Communications equipment (continued)          
Oclaro, Inc. (I)   5,040   $43,092 
Optical Cable Corp.   931    2,365 
RELM Wireless Corp.   2,100    11,214 
TESSCO Technologies, Inc.   1,750    21,718 
Viavi Solutions, Inc. (I)   15,693    115,971 
Westell Technologies, Inc., Class A (I)   8,472    4,342 
         1,542,772 
Electronic equipment, instruments and components - 5.2%             
ADDvantage Technologies Group, Inc. (I)   428    749 
Anixter International, Inc. (I)   2,200    141,900 
Arrow Electronics, Inc. (I)   9,965    637,461 
Avnet, Inc.   13,567    557,061 
AVX Corp.   15,949    219,937 
Belden, Inc.   14,011    966,619 
Benchmark Electronics, Inc. (I)   6,223    155,264 
Coherent, Inc. (I)   11,955    1,321,506 
CTS Corp.   4,099    76,241 
Daktronics, Inc.   1,238    11,811 
DTS, Inc.   258    10,975 
Electro Scientific Industries, Inc. (I)   4,104    23,147 
ePlus, Inc. (I)   1,102    104,040 
Fabrinet (I)   5,079    226,473 
FARO Technologies, Inc. (I)   280    10,066 
Flex, Ltd. (I)   20,122    274,062 
Frequency Electronics, Inc. (I)   1,783    18,739 
II-VI, Inc. (I)   6,455    157,050 
Ingram Micro, Inc., Class A   17,664    629,898 
Insight Enterprises, Inc. (I)   4,660    151,683 
Iteris, Inc. (I)   8,054    29,317 
Jabil Circuit, Inc.   17,909    390,774 
Kemet Corp. (I)   10,443    37,282 
Key Tronic Corp. (I)   1,900    14,155 
Kimball Electronics, Inc. (I)   5,006    69,383 
Knowles Corp. (I)   2,370    33,299 
Methode Electronics, Inc.   955    33,396 
Napco Security Technologies, Inc. (I)   1,164    8,381 
Novanta, Inc. (I)   516    8,953 
OSI Systems, Inc. (I)   1,504    98,332 
PAR Technology Corp. (I)   3,132    16,819 
Park Electrochemical Corp.   3,038    52,770 
PC Connection, Inc.   4,352    114,980 
PCM, Inc. (I)   3,055    65,805 
Plexus Corp. (I)   3,089    144,503 
Radisys Corp. (I)   5,279    28,216 
RF Industries, Ltd.   120    214 
Richardson Electronics, Ltd.   2,384    16,164 
Rofin-Sinar Technologies, Inc. (I)   4,747    152,758 
Rogers Corp. (I)   2,200    134,376 
Sanmina Corp. (I)   9,336    265,796 
ScanSource, Inc. (I)   2,542    92,783 
SMTC Corp. (I)   490    676 
SYNNEX Corp.   3,065    349,747 
Systemax, Inc.   7,064    55,947 
Tech Data Corp. (I)   19,206    1,626,940 
TTM Technologies, Inc. (I)   21,096    241,549 
Vishay Intertechnology, Inc.   17,667    248,928 
Vishay Precision Group, Inc. (I)   2,886    46,263 
Zebra Technologies Corp., Class A (I)   16,416    1,142,718 
         11,215,906 
Internet software and services - 0.3%          
Actua Corp. (I)   1,789    23,168 
Bankrate, Inc. (I)   9,842    83,460 

 

Small Cap Opportunities Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Internet software and services (continued)          
Blucora, Inc. (I)   6,814   $76,317 
CommerceHub, Inc., Series A (I)   471    7,442 
CommerceHub, Inc., Series C (I)   942    14,987 
DHI Group, Inc. (I)   6,530    51,522 
EarthLink Holdings Corp.   10,391    64,424 
Internap Corp. (I)   3,547    5,853 
Intralinks Holdings, Inc. (I)   1,106    11,126 
Limelight Networks, Inc. (I)   7,903    14,779 
Monster Worldwide, Inc. (I)   28,794    103,946 
RealNetworks, Inc. (I)   3,943    17,586 
Reis, Inc.   300    6,138 
RetailMeNot, Inc. (I)   246    2,433 
TechTarget, Inc. (I)   8,844    71,283 
XO Group, Inc. (I)   1,173    22,674 
         577,138 
IT services - 2.6%          
Acxiom Corp. (I)   4,476    119,285 
CACI International, Inc., Class A (I)   2,362    238,326 
Ciber, Inc. (I)   13,394    15,403 
Computer Sciences Corp.   227    11,852 
Convergys Corp.   7,764    236,181 
Datalink Corp. (I)   2,596    27,544 
DST Systems, Inc.   10,075    1,188,044 
Euronet Worldwide, Inc. (I)   3,145    257,355 
Everi Holdings, Inc. (I)   1,664    4,110 
Genpact, Ltd. (I)   38,944    932,709 
Jack Henry & Associates, Inc.   14,189    1,213,869 
Leidos Holdings, Inc.   3,725    161,218 
Luxoft Holding, Inc. (I)   13,683    723,147 
ManTech International Corp., Class A   4,529    170,698 
ModusLink Global Solutions, Inc. (I)   216    354 
NCI, Inc., Class A   2,106    24,366 
Perficient, Inc. (I)   2,608    52,551 
StarTek, Inc. (I)   3,143    19,612 
Sykes Enterprises, Inc. (I)   8,596    241,805 
Virtusa Corp. (I)   283    6,984 
         5,645,413 
Semiconductors and semiconductor equipment - 4.7%             
Advanced Energy Industries, Inc. (I)   410    19,401 
Alpha & Omega Semiconductor, Ltd. (I)   4,513    98,022 
Amkor Technology, Inc. (I)   13,661    132,785 
Axcelis Technologies, Inc. (I)   4,415    58,631 
AXT, Inc. (I)   4,229    21,949 
Brooks Automation, Inc.   15,547    211,595 
Cabot Microelectronics Corp.   1,513    80,053 
Cirrus Logic, Inc. (I)   14,437    767,327 
Cohu, Inc.   4,192    49,214 
Cree, Inc. (I)   8,435    216,948 
Cypress Semiconductor Corp.   18,192    221,215 
Diodes, Inc. (I)   2,439    52,048 
DSP Group, Inc. (I)   1,726    20,729 
Entegris, Inc. (I)   92,980    1,619,712 
Exar Corp. (I)   1,313    12,224 
First Solar, Inc. (I)(L)   9,088    358,885 
FormFactor, Inc. (I)   1,299    14,094 
GigPeak, Inc. (I)   931    2,188 
GSI Technology, Inc. (I)   3,507    16,588 
Intersil Corp., Class A   9,972    218,686 
IXYS Corp.   7,588    91,435 
Kulicke & Soffa Industries, Inc. (I)   11,009    142,346 
MACOM Technology          
Solutions Holdings, Inc. (I)   29,648    1,255,296 

 

The accompanying notes are an integral part of the financial statements.

213

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Opportunities Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Semiconductors and semiconductor equipment (continued)          
Marvell Technology Group, Ltd.   27,063   $359,126 
Microsemi Corp. (I)   33,710    1,415,146 
MKS Instruments, Inc.   4,799    238,654 
NeoPhotonics Corp. (I)   5,504    89,935 
ON Semiconductor Corp. (I)   35,448    436,719 
Photronics, Inc. (I)   11,432    117,864 
Power Integrations, Inc.   394    24,834 
Qorvo, Inc. (I)   1,614    89,964 
Rambus, Inc. (I)   6,055    75,688 
Rudolph Technologies, Inc. (I)   4,330    76,814 
Sigma Designs, Inc. (I)   7,902    61,557 
Silicon Laboratories, Inc. (I)   252    14,818 
Tessera Technologies, Inc.   34,243    1,316,301 
Ultra Clean Holdings, Inc. (I)   1,700    12,597 
Ultratech, Inc. (I)   1,157    26,704 
Veeco Instruments, Inc. (I)   115    2,257 
Xcerra Corp. (I)   2,300    13,938 
         10,054,287 
Software - 2.8%          
Blackbaud, Inc.   18,309    1,214,619 
Epiq Systems, Inc.   6,208    102,370 
Mentor Graphics Corp.   3,780    99,943 
MicroStrategy, Inc., Class A (I)   5,828    975,840 
Progress Software Corp. (I)   3,509    95,445 
Seachange International, Inc. (I)   5,428    16,230 
SS&C Technologies Holdings, Inc.   30,924    994,207 
Synchronoss Technologies, Inc. (I)   1,352    55,675 
Take-Two Interactive Software, Inc. (I)   32,567    1,468,120 
Telenav, Inc. (I)   3,350    19,196 
The Rubicon Project, Inc. (I)   476    3,941 
TiVo Corp. (I)   6,914    134,685 
VASCO Data Security International, Inc. (I)   115    2,025 
Verint Systems, Inc. (I)   19,580    736,795 
Zynga, Inc., Class A (I)   51,787    150,700 
         6,069,791 
Technology hardware, storage and peripherals - 0.6%          
AstroNova, Inc.   1,439    21,340 
Cray, Inc. (I)   25,835    608,156 
Electronics For Imaging, Inc. (I)   5,466    267,397 
Hutchinson Technology, Inc. (I)   5,052    20,107 
Imation Corp. (I)   6,288    3,978 
Lexmark International, Inc., Class A   8,907    355,924 
Super Micro Computer, Inc. (I)   4,794    112,036 
         1,388,938 
         36,494,245 
Materials - 6.1%          
Chemicals - 3.1%          
A. Schulman, Inc.   4,138    120,499 
Albemarle Corp.   3,924    335,463 
American Vanguard Corp.   1,494    23,994 
Cabot Corp.   1,380    72,326 
Calgon Carbon Corp.   3,192    48,423 
Chase Corp.   1,174    81,147 
Chemtura Corp. (I)   6,621    217,235 
Core Molding Technologies, Inc. (I)   1,000    16,900 
FutureFuel Corp.   6,696    75,531 
Hawkins, Inc.   330    14,299 
HB Fuller Company   4,299    199,775 
Huntsman Corp.   21,072    342,841 
Innophos Holdings, Inc.   1,309    51,090 
Innospec, Inc.   1,994    121,255 

 

Small Cap Opportunities Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Chemicals (continued)          
Intrepid Potash, Inc. (I)   800   $904 
KMG Chemicals, Inc.   1,101    31,191 
Kraton Corp. (I)   5,264    184,451 
LSB Industries, Inc. (I)   567    4,865 
Minerals Technologies, Inc.   19,628    1,387,503 
Olin Corp.   13,786    282,889 
OMNOVA Solutions, Inc. (I)   6,574    55,485 
PolyOne Corp.   30,178    1,020,318 
Sensient Technologies Corp.   19,079    1,446,188 
Stepan Company   1,533    111,388 
Trecora Resources (I)   2,774    31,679 
Tredegar Corp.   1,331    24,743 
Tronox, Ltd., Class A   6,193    58,028 
Westlake Chemical Corp.   5,672    303,452 
         6,663,862 
Construction materials - 0.5%          
Eagle Materials, Inc.   13,552    1,047,570 
United States Lime & Minerals, Inc.   839    55,374 
         1,102,944 
Containers and packaging - 0.9%          
Graphic Packaging Holding Company   121,911    1,705,535 
Greif, Inc., Class A   1,678    83,212 
Sonoco Products Company   2,869    151,569 
         1,940,316 
Metals and mining - 1.2%          
A. M. Castle & Company (I)(L)   4,342    3,474 
Allegheny Technologies, Inc. (L)   1,250    22,588 
Ampco-Pittsburgh Corp.   1,644    18,232 
Carpenter Technology Corp.   3,621    149,402 
Century Aluminum Company (I)   12,885    89,551 
Coeur Mining, Inc. (I)   8,443    99,881 
Commercial Metals Company   11,325    183,352 
Ferroglobe PLC   5,300    47,859 
Friedman Industries, Inc.   1,511    8,039 
Haynes International, Inc.   162    6,012 
Hecla Mining Company   19,919    113,538 
Materion Corp.   3,233    99,285 
Olympic Steel, Inc.   2,383    52,664 
Reliance Steel & Aluminum Company   7,679    553,118 
Royal Gold, Inc.   1,385    107,241 
Schnitzer Steel Industries, Inc., Class A   5,182    108,304 
Steel Dynamics, Inc.   18,572    464,114 
Stillwater Mining Company (I)   7,121    95,137 
SunCoke Energy, Inc.   6,433    51,593 
Synalloy Corp.   2,039    19,105 
TimkenSteel Corp. (I)   1,293    13,512 
United States Steel Corp. (L)   7,629    143,883 
Universal Stainless & Alloy Products, Inc. (I)   1,562    16,385 
Worthington Industries, Inc.   1,932    92,794 
         2,559,063 
Paper and forest products - 0.4%          
Boise Cascade Company (I)   2,384    60,554 
Clearwater Paper Corp. (I)   1,959    126,689 
Domtar Corp.   7,582    281,520 
KapStone Paper and Packaging Corp.   10,420    197,146 
Mercer International, Inc.   10,058    85,191 
PH Glatfelter Company   4,610    99,945 
Resolute Forest Products, Inc. (I)   9,682    45,796 

 

The accompanying notes are an integral part of the financial statements.

214

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Opportunities Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Paper and forest products (continued)          
Schweitzer-Mauduit International, Inc.   1,971   $76,002 
         972,843 
         13,239,028 
Real estate - 2.1%          
Equity real estate investment trusts - 1.0%          
CubeSmart   43,431    1,183,929 
Healthcare Trust of America, Inc., Class A   32,905    1,073,361 
         2,257,290 
Real estate management and development - 1.1%          
Alexander & Baldwin, Inc.   3,863    148,416 
AV Homes, Inc. (I)   1,798    29,919 
Forestar Group, Inc. (I)   1,413    16,546 
FRP Holdings, Inc. (I)   1,350    41,945 
Griffin Industrial Realty, Inc.   892    28,267 
Jones Lang LaSalle, Inc.   6,865    781,168 
Kennedy-Wilson Holdings, Inc.   42,606    960,765 
RE/MAX Holdings, Inc., Class A   28    1,226 
Realogy Holdings Corp.   9,825    254,075 
Stratus Properties, Inc. (I)   1,025    25,010 
         2,287,337 
         4,544,627 
Telecommunication services - 1.2%          
Diversified telecommunication services - 0.9%          
ATN International, Inc.   1,524    99,121 
Consolidated Communications Holdings, Inc.   1,761    44,448 
Frontier Communications Corp. (L)   116,159    483,221 
Hawaiian Telcom Holdco, Inc. (I)   2,368    53,020 
IDT Corp., Class B   202    3,482 
Iridium Communications, Inc. (I)(L)   133,070    1,079,198 
ORBCOMM, Inc. (I)   3,587    36,767 
Windstream Holdings, Inc. (L)   4,322    43,436 
         1,842,693 
Wireless telecommunication services - 0.3%          
Boingo Wireless, Inc. (I)   2,905    29,863 
Leap Wireless International, Inc.   8,053    25,367 
Shenandoah Telecommunications Company   3,836    104,378 
Spok Holdings, Inc.   5,172    92,165 
Telephone & Data Systems, Inc.   12,012    326,486 
United States Cellular Corp. (I)   4,397    159,787 
         738,046 
         2,580,739 
Utilities - 1.0%          
Gas utilities - 0.7%          
UGI Corp.   32,556    1,472,833 
Independent power and renewable electricity producers - 0.3%          
Calpine Corp. (I)   32,650    412,696 
Dynegy, Inc. (I)   4,376    54,219 
NRG Energy, Inc.   2,044    22,913 
Ormat Technologies, Inc.   3,830    185,410 
         675,238 
Water utilities - 0.0%          
Consolidated Water Company, Ltd. (L)   3,558    41,344 
         2,189,415 
TOTAL COMMON STOCKS (Cost $192,939,979)       $213,140,788 

 

Small Cap Opportunities Trust (continued)

 

     Shares or
Principal
Amount		   Value
SECURITIES LENDING COLLATERAL - 3.1%          
John Hancock Collateral Trust,          
0.6548% (W)(Y)   669,435   $6,698,771 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $6,698,650)       $6,698,771 
           
SHORT-TERM INVESTMENTS - 0.5%          
Money market funds - 0.5%          
State Street Institutional Liquid Reserves Fund,          
Premier Class, 0.3969% (Y)   1,010,123   $1,010,123 
TOTAL SHORT-TERM INVESTMENTS (Cost $1,010,123)       $1,010,123 
Total Investments (Small Cap Opportunities Trust)          
(Cost $200,648,752) - 102.5%       $220,849,682 
Other assets and liabilities, net - (2.5%)        (5,329,922)
TOTAL NET ASSETS - 100.0%       $215,519,760 

 

Small Cap Value Trust

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS - 97.9%          
Consumer discretionary - 4.6%          
Household durables - 0.6%          
Helen of Troy, Ltd. (I)   50,720   $4,370,542 
Multiline retail - 0.9%          
Fred’s, Inc., Class A   644,952    5,843,265 
Specialty retail - 3.1%          
Ascena Retail Group, Inc. (I)   569,760    3,184,958 
CST Brands, Inc.   18,450    887,261 
DSW, Inc., Class A   239,200    4,898,816 
Stage Stores, Inc. (L)   524,289    2,941,261 
The Cato Corp., Class A   263,826    8,677,237 
         20,589,533 
         30,803,340 
Consumer staples - 4.1%          
Beverages - 1.4%          
C&C Group PLC   2,206,928    9,148,834 
Food and staples retailing - 1.0%          
Smart & Final Stores, Inc. (I)   538,044    6,870,822 
Food products - 1.7%          
Cranswick PLC   366,021    11,099,788 
Post Holdings, Inc. (I)   9,220    711,507 
         11,811,295 
         27,830,951 
Energy - 5.0%          
Energy equipment and services - 2.1%          
Era Group, Inc. (I)   279,107    2,246,811 
SEACOR Holdings, Inc. (I)(L)   154,438    9,187,517 
Tesco Corp.   347,558    2,836,073 
         14,270,401 
Oil, gas and consumable fuels - 2.9%          
Diamondback Energy, Inc. (I)   8,226    794,138 
Dorian LPG, Ltd. (I)(L)   467,370    2,804,220 
RSP Permian, Inc. (I)   222,670    8,635,143 

 

The accompanying notes are an integral part of the financial statements.

215

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Value Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Oil, gas and consumable fuels (continued)          
Scorpio Tankers, Inc.   1,502,090   $6,954,676 
         19,188,177 
         33,458,578 
Financials - 19.0%          
Banks - 13.7%          
First Busey Corp.   290,083    6,555,876 
First Midwest Bancorp, Inc.   664,091    12,856,802 
Flushing Financial Corp.   317,306    7,526,498 
Great Western Bancorp, Inc.   314,756    10,487,670 
Hancock Holding Company   350,770    11,375,471 
International Bancshares Corp.   499,714    14,881,483 
KeyCorp   1    12 
MB Financial, Inc.   321,648    12,235,490 
Webster Financial Corp.   444,550    16,897,346 
         92,816,648 
Capital markets - 1.1%          
Ares Capital Corp.   28,326    439,053 
Solar Capital, Ltd.   335,945    6,893,591 
         7,332,644 
Insurance - 2.2%          
Alleghany Corp. (I)   1,768    928,235 
Assured Guaranty, Ltd.   14,820    411,255 
Kemper Corp.   175,660    6,906,951 
Primerica, Inc. (L)   58,490    3,101,725 
Reinsurance Group of America, Inc.   9,400    1,014,636 
State National Companies, Inc.   141,051    1,568,487 
White Mountains Insurance Group, Ltd.   990    821,700 
         14,752,989 
Thrifts and mortgage finance - 2.0%          
Northwest Bancshares, Inc.   857,000    13,463,470 
         128,365,751 
Health care - 8.2%          
Health care equipment and supplies - 2.8%          
Haemonetics Corp. (I)   331,160    11,991,304 
ICU Medical, Inc. (I)   47,266    5,973,477 
STERIS PLC   10,700    782,170 
         18,746,951 
Health care providers and services - 1.8%          
Amsurg Corp. (I)   106,580    7,146,189 
CorVel Corp. (I)   121,280    4,657,152 
         11,803,341 
Health care technology - 1.6%          
Allscripts Healthcare Solutions, Inc. (I)   834,020    10,984,043 
Life sciences tools and services - 1.3%          
Charles River          
Laboratories International, Inc. (I)   108,610    9,051,557 
Pharmaceuticals - 0.7%          
Phibro Animal Health Corp., Class A   185,550    5,043,249 
         55,629,141 
Industrials - 34.4%          
Aerospace and defense - 2.1%          
Cubic Corp.   300,930    14,086,533 
Air freight and logistics - 0.8%          
Forward Air Corp.   130,350    5,638,941 

 

Small Cap Value Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Building products - 1.3%          
Tyman PLC   2,369,709   $8,594,104 
Commercial services and supplies - 10.2%          
ACCO Brands Corp. (I)   1,159,920    11,181,629 
Clean Harbors, Inc. (I)   10,030    481,239 
Essendant, Inc.   474,448    9,735,673 
G&K Services, Inc., Class A   195,960    18,712,220 
Matthews International Corp., Class A   190,040    11,546,830 
SP Plus Corp. (I)   442,328    11,310,327 
Steelcase, Inc., Class A   402,090    5,585,030 
         68,552,948 
Construction and engineering - 1.1%          
Primoris Services Corp.   370,680    7,636,008 
Electrical equipment - 2.4%          
Babcock & Wilcox Enterprises, Inc. (I)   372,140    6,140,310 
Thermon Group Holdings, Inc. (I)   494,380    9,764,005 
         15,904,315 
Industrial conglomerates - 0.0%          
Carlisle Companies, Inc.   2,426    248,835 
Machinery - 10.6%          
Albany International Corp., Class A   380,514    16,126,183 
CIRCOR International, Inc.   142,602    8,493,375 
ESCO Technologies, Inc.   250,062    11,607,878 
Luxfer Holdings PLC, ADR   486,485    5,638,361 
Mueller Industries, Inc.   540,590    17,525,928 
TriMas Corp. (I)   652,791    12,148,441 
         71,540,166 
Professional services - 4.4%          
FTI Consulting, Inc. (I)   324,925    14,478,658 
Huron Consulting Group, Inc. (I)   108,310    6,472,606 
Mistras Group, Inc. (I)   372,453    8,741,472 
         29,692,736 
Trading companies and distributors - 1.5%          
GATX Corp. (L)   227,850    10,150,718 
         232,045,304 
Information technology - 9.2%          
Electronic equipment, instruments and components - 6.1%          
Belden, Inc.   265,229    18,298,149 
Coherent, Inc. (I)   41,830    4,623,888 
CTS Corp.   329,930    6,136,698 
Keysight Technologies, Inc. (I)   23,920    758,025 
ScanSource, Inc. (I)   300,410    10,964,965 
         40,781,725 
IT services - 1.9%          
Forrester Research, Inc.   270,603    10,526,457 
WNS Holdings, Ltd., ADR (I)   79,849    2,391,478 
         12,917,935 
Technology hardware, storage and peripherals - 1.2%          
Diebold, Inc.   333,630    8,270,688 
         61,970,348 
Materials - 5.9%          
Chemicals - 2.2%          
Sensient Technologies Corp.   190,490    14,439,142 
Containers and packaging - 2.2%          
AptarGroup, Inc.   1,658    128,346 
Greif, Inc., Class A   254,850    12,638,012 

 

The accompanying notes are an integral part of the financial statements.

216

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Cap Value Trust (continued)

 

     Shares or
Principal
Amount		   Value
COMMON STOCKS (continued)          
Containers and packaging (continued)          
Multi Packaging          
Solutions International, Ltd. (I)   141,491   $2,038,885 
         14,805,243 
Paper and forest products - 1.5%          
Deltic Timber Corp.   150,806    10,214,090 
         39,458,475 
Real estate - 4.3%          
Equity real estate investment trusts - 4.3%          
Corporate Office Properties Trust   245,467    6,958,989 
DiamondRock Hospitality Company   585,328    5,326,485 
Education Realty Trust, Inc.   200,853    8,664,798 
Kite Realty Group Trust   14,380    398,614 
Mid-America Apartment Communities, Inc.   5,990    563,000 
Summit Hotel Properties, Inc.   539,879    7,104,808 
         29,016,694 
         29,016,694 
Utilities - 3.2%          
Electric utilities - 0.1%          
Westar Energy, Inc.   6,750    383,063 
Gas utilities - 3.1%          
Atmos Energy Corp.   3,310    246,496 
New Jersey Resources Corp.   143,668    4,720,930 
Spire, Inc.   111,990    7,138,243 
UGI Corp.   20,280    917,467 
WGL Holdings, Inc.   129,000    8,088,300 
         21,111,436 
         21,494,499 
TOTAL COMMON STOCKS (Cost $529,260,742)       $660,073,081 
           
SECURITIES LENDING COLLATERAL - 3.5%          
John Hancock Collateral Trust,          
0.6548% (W)(Y)   2,348,343    23,498,929 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $23,497,956)       $23,498,929 
           
SHORT-TERM INVESTMENTS - 2.0%          
Repurchase agreement - 2.0%          
Bank of America Tri-Party Repurchase          
Agreement dated 09/30/2016 at 0.490% to          
be repurchased at $14,000,572 on          
10/03/2016, collateralized by $13,885,289          
Federal National Mortgage Association,          
2.090% due 08/01/2044 (valued at          
$14,280,001, including interest)  $14,000,000   $14,000,000 
TOTAL SHORT-TERM INVESTMENTS (Cost $14,000,000)       $14,000,000 
Total Investments (Small Cap Value Trust)          
(Cost $566,758,698) - 103.4%       $697,572,010 
Other assets and liabilities, net - (3.4%)        (23,232,458)
TOTAL NET ASSETS - 100.0%       $674,339,552 

 

Small Company Growth Trust

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS - 98.7%          
Consumer discretionary - 13.5%          
Auto components - 0.6%          
Visteon Corp.   8,683   $622,224 
Distributors - 0.9%          
Pool Corp.   10,823    1,022,990 
Hotels, restaurants and leisure - 6.7%          
BJ’s Restaurants, Inc. (I)   17,437    619,885 
Dunkin’ Brands Group, Inc.   18,035    939,263 
Jack in the Box, Inc.   12,258    1,176,033 
Panera Bread Company, Class A (I)   3,651    710,923 
Penn National Gaming, Inc. (I)   51,403    697,539 
Texas Roadhouse, Inc.   25,075    978,677 
The Cheesecake Factory, Inc.   15,808    791,348 
Vail Resorts, Inc.   8,714    1,367,052 
         7,280,720 
Household durables - 0.6%          
CalAtlantic Group, Inc.   18,995    635,193 
Leisure products - 0.8%          
Brunswick Corp.   17,072    832,772 
Media - 0.7%          
IMAX Corp. (I)(L)   24,362    705,767 
Specialty retail - 1.1%          
DSW, Inc., Class A   22,209    454,840 
Five Below, Inc. (I)   18,405    741,537 
         1,196,377 
Textiles, apparel and luxury goods - 2.1%          
Carter’s, Inc.   9,043    784,119 
G-III Apparel Group, Ltd. (I)   22,737    662,784 
Steven Madden, Ltd. (I)   24,963    862,721 
         2,309,624 
         14,605,667 
Consumer staples - 2.6%          
Beverages - 0.5%          
The Boston Beer Company, Inc., Class A (I)   3,723    578,033 
Food products - 2.1%          
B&G Foods, Inc.   21,160    1,040,649 
Lancaster Colony Corp.   9,580    1,265,422 
         2,306,071 
         2,884,104 
Energy - 4.2%          
Energy equipment and services - 1.2%          
Patterson-UTI Energy, Inc.   61,151    1,367,948 
Oil, gas and consumable fuels - 3.0%          
Energen Corp.   19,281    1,112,899 
Laredo Petroleum, Inc. (I)   73,099    942,977 
Parsley Energy, Inc., Class A (I)   34,447    1,154,319 
         3,210,195 
         4,578,143 
Financials - 7.0%          
Banks - 3.7%          
BankUnited, Inc.   22,299    673,430 
Cathay General Bancorp   29,053    894,251 
Cullen/Frost Bankers, Inc.   11,781    847,525 
Home BancShares, Inc.   36,460    758,733 
MB Financial, Inc.   23,314    886,865 
         4,060,804 

 

The accompanying notes are an integral part of the financial statements.

217

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Company Growth Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Capital markets - 2.0%          
Janus Capital Group, Inc.   48,697   $682,245 
MarketAxess Holdings, Inc.   5,769    955,289 
WisdomTree Investments, Inc. (L)   49,738    511,802 
         2,149,336 
Insurance - 1.3%          
American Equity Investment Life          
Holding Company   34,343    608,901 
RLI Corp.   11,682    798,582 
         1,407,483 
         7,617,623 
Health care - 22.2%          
Biotechnology - 4.7%          
ACADIA Pharmaceuticals, Inc. (I)(L)   14,372    457,173 
Cepheid, Inc. (I)   17,079    899,893 
Exelixis, Inc. (I)   95,310    1,219,015 
Halozyme Therapeutics, Inc. (I)(L)   31,794    384,072 
Momenta Pharmaceuticals, Inc. (I)   52,594    614,824 
Neurocrine Biosciences, Inc. (I)   16,381    829,534 
Repligen Corp. (I)   23,046    695,759 
         5,100,270 
Health care equipment and supplies - 6.7%          
Align Technology, Inc. (I)   10,696    1,002,750 
Cantel Medical Corp.   11,586    903,476 
DexCom, Inc. (I)   11,992    1,051,219 
Halyard Health, Inc. (I)   7,153    247,923 
Hill-Rom Holdings, Inc.   18,829    1,167,021 
ICU Medical, Inc. (I)   4,830    610,415 
NuVasive, Inc. (I)   16,974    1,131,487 
NxStage Medical, Inc. (I)   45,270    1,131,297 
         7,245,588 
Health care providers and services - 4.5%          
Chemed Corp.   5,539    781,387 
HealthEquity, Inc. (I)   31,942    1,209,005 
HealthSouth Corp.   22,985    932,501 
Select Medical Holdings Corp. (I)   58,071    783,959 
VCA, Inc. (I)   16,119    1,128,008 
         4,834,860 
Life sciences tools and services - 3.6%          
Bio-Techne Corp.   9,233    1,011,014 
PAREXEL International Corp. (I)   12,712    882,848 
PerkinElmer, Inc.   17,514    982,711 
VWR Corp. (I)   35,642    1,010,807 
         3,887,380 
Pharmaceuticals - 2.7%          
Catalent, Inc. (I)   31,084    803,211 
Impax Laboratories, Inc. (I)   13,320    315,684 
Nektar Therapeutics (I)   63,643    1,093,387 
Prestige Brands Holdings, Inc. (I)   15,377    742,248 
         2,954,530 
         24,022,628 
Industrials - 14.5%          
Aerospace and defense - 1.0%          
TransDigm Group, Inc.   3,751    1,084,489 
Air freight and logistics - 0.7%          
Forward Air Corp.   18,515    800,959 
Building products - 1.7%          
AO Smith Corp.   10,505    1,037,789 

 

Small Company Growth Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Building products (continued)          
Masonite International Corp. (I)   13,026   $809,826 
         1,847,615 
Commercial services and supplies - 1.3%          
Pitney Bowes, Inc.   41,395    751,733 
Steelcase, Inc., Class A   48,100    668,109 
         1,419,842 
Electrical equipment - 1.7%          
Acuity Brands, Inc.   6,999    1,851,935 
Machinery - 3.1%          
ITT, Inc.   23,046    825,969 
John Bean Technologies Corp.   6,037    425,910 
WABCO Holdings, Inc. (I)   9,680    1,098,970 
Wabtec Corp.   11,549    942,976 
         3,293,825 
Marine - 0.7%          
Kirby Corp. (I)   12,786    794,778 
Professional services - 0.6%          
CEB, Inc.   11,550    629,129 
Road and rail - 2.6%          
Knight Transportation, Inc.   37,175    1,066,551 
Old Dominion Freight Line, Inc. (I)   13,591    932,479 
Swift Transportation Company (I)(L)   39,315    844,093 
         2,843,123 
Trading companies and distributors - 1.1%          
Watsco, Inc.   8,570    1,207,513 
         15,773,208 
Information technology - 28.3%          
Electronic equipment, instruments and components - 3.8%          
Cognex Corp.   20,074    1,061,112 
Littelfuse, Inc.   6,607    851,048 
SYNNEX Corp.   11,415    1,302,566 
Zebra Technologies Corp., Class A (I)   12,454    866,923 
         4,081,649 
Internet software and services - 2.4%          
CoStar Group, Inc. (I)   7,458    1,614,881 
Pandora Media, Inc. (I)(L)   39,561    566,909 
Q2 Holdings, Inc. (I)   14,250    408,405 
         2,590,195 
IT services - 3.6%          
Booz Allen Hamilton Holding Corp.   35,035    1,107,456 
EPAM Systems, Inc. (I)   11,595    803,649 
Euronet Worldwide, Inc. (I)   13,945    1,141,119 
ExlService Holdings, Inc. (I)   16,367    815,731 
         3,867,955 
Semiconductors and semiconductor equipment - 5.9%          
Cavium, Inc. (I)   14,109    821,144 
Cirrus Logic, Inc. (I)   10,225    543,459 
Integrated Device Technology, Inc. (I)   17,098    394,964 
MKS Instruments, Inc.   23,411    1,164,229 
Monolithic Power Systems, Inc.   17,898    1,440,789 
Power Integrations, Inc.   16,572    1,044,533 
Silicon Laboratories, Inc. (I)   16,639    978,373 
         6,387,491 
Software - 12.2%          
Aspen Technology, Inc. (I)   22,543    1,054,787 
CommVault Systems, Inc. (I)   19,077    1,013,561 

 

The accompanying notes are an integral part of the financial statements.

218

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Company Growth Trust (continued)

 

     Shares or
Principal
Amount		   Value
COMMON STOCKS (continued)          
Software (continued)          
Fair Isaac Corp.   9,665   $1,204,162 
Guidewire Software, Inc. (I)   18,450    1,106,631 
Interactive Intelligence Group, Inc. (I)   14,235    856,093 
Manhattan Associates, Inc. (I)   21,125    1,217,223 
Mentor Graphics Corp.   36,279    959,217 
MicroStrategy, Inc., Class A (I)   6,048    1,012,677 
Proofpoint, Inc. (I)   15,239    1,140,639 
Qualys, Inc. (I)   21,754    830,785 
Take-Two Interactive Software, Inc. (I)   24,365    1,098,374 
The Ultimate Software Group, Inc. (I)   6,043    1,235,129 
Verint Systems, Inc. (I)   14,661    551,693 
         13,280,971 
Technology hardware, storage and peripherals - 0.4%          
Cray, Inc. (I)   18,795    442,434 
         30,650,695 
Materials - 2.9%          
Chemicals - 0.8%          
PolyOne Corp.   26,356    891,096 
Construction materials - 1.1%          
Martin Marietta Materials, Inc.   6,486    1,161,707 
Containers and packaging - 1.0%          
Berry Plastics Group, Inc. (I)   24,113    1,057,355 
         3,110,158 
Real estate - 2.0%          
Equity real estate investment trusts - 2.0%          
CubeSmart   27,088    738,419 
Highwoods Properties, Inc.   10,387    541,370 
Physicians Realty Trust   39,564    852,209 
         2,131,998 
         2,131,998 
Telecommunication services - 1.5%          
Diversified telecommunication services - 1.5%          
SBA Communications Corp., Class A (I)   14,141    1,586,055 
TOTAL COMMON STOCKS (Cost $85,251,875)       $106,960,279 
           
SECURITIES LENDING COLLATERAL - 2.3%          
John Hancock Collateral Trust,          
0.6548% (W)(Y)   247,514    2,476,776 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $2,476,779)       $2,476,776 
           
SHORT-TERM INVESTMENTS - 1.6%          
Money market funds - 1.6%          
State Street Institutional Liquid Reserves Fund,          
Premier Class, 0.3969% (Y)   1,748,878   $1,748,878 
TOTAL SHORT-TERM INVESTMENTS (Cost $1,748,878)       $1,748,878 
Total Investments (Small Company Growth Trust)          
(Cost $89,477,532) - 102.6%       $111,185,933 
Other assets and liabilities, net - (2.6%)        (2,866,085)
TOTAL NET ASSETS - 100.0%       $108,319,848 

 

Small Company Value Trust

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS - 98.1%          
Consumer discretionary - 11.2%          
Auto components - 2.1%          
Dorman Products, Inc. (I)   40,300   $2,575,171 
Drew Industries, Inc.   38,500    3,773,770 
         6,348,941 
Distributors - 1.1%          
Pool Corp.   34,900    3,298,748 
Diversified consumer services - 1.0%          
American Public Education, Inc. (I)   53,300    1,055,873 
Capella Education Company   33,300    1,932,732 
         2,988,605 
Hotels, restaurants and leisure - 0.7%          
Interval Leisure Group, Inc.   73,000    1,253,410 
Red Robin Gourmet Burgers, Inc. (I)   22,400    1,006,656 
         2,260,066 
Household durables - 1.5%          
Cavco Industries, Inc. (I)   19,400    1,921,570 
CSS Industries, Inc.   48,000    1,227,840 
Ethan Allen Interiors, Inc.   48,900    1,529,103 
         4,678,513 
Media - 1.5%          
Cable One, Inc.   2,600    1,518,400 
New Media Investment Group, Inc.   118,000    1,829,000 
Scholastic Corp.   27,600    1,086,336 
         4,433,736 
Multiline retail - 0.2%          
Fred’s, Inc., Class A   72,200    654,132 
Specialty retail - 1.8%          
Aaron’s, Inc.   93,000    2,364,060 
Genesco, Inc. (I)   16,300    887,698 
Party City Holdco, Inc. (I)   52,900    905,648 
Pier 1 Imports, Inc. (L)   69,048    292,764 
Sportsman’s Warehouse Holdings, Inc. (I)   96,400    1,014,128 
         5,464,298 
Textiles, apparel and luxury goods - 1.3%          
Crocs, Inc. (I)   60,900    505,470 
Culp, Inc.   52,100    1,551,017 
Steven Madden, Ltd. (I)   55,400    1,914,624 
         3,971,111 
         34,098,150 
Consumer staples - 3.3%          
Food and staples retailing - 1.3%          
PriceSmart, Inc.   24,800    2,077,248 
SpartanNash Company   60,220    1,741,562 
         3,818,810 
Food products - 1.0%          
Pinnacle Foods, Inc.   29,700    1,490,049 
Post Holdings, Inc. (I)   20,700    1,597,419 
         3,087,468 
Household products - 0.6%          
Energizer Holdings, Inc.   38,600    1,928,456 
Tobacco - 0.4%          
Vector Group, Ltd. (L)   52,358    1,127,273 
         9,962,007 

 

The accompanying notes are an integral part of the financial statements.

219

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Company Value Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Energy - 4.5%          
Energy equipment and services - 1.2%          
Oceaneering International, Inc.   48,900   $1,345,239 
Tesco Corp.   160,900    1,312,944 
TETRA Technologies, Inc. (I)   180,300    1,101,633 
         3,759,816 
Oil, gas and consumable fuels - 3.3%          
Matador Resources Company (I)   114,200    2,779,628 
Parsley Energy, Inc., Class A (I)   57,400    1,923,474 
Rice Energy, Inc. (I)   61,600    1,608,376 
Western Refining, Inc.   52,600    1,391,796 
WPX Energy, Inc. (I)   176,800    2,331,992 
         10,035,266 
         13,795,082 
Financials - 27.6%          
Banks - 15.6%          
BankUnited, Inc.   95,900    2,896,180 
CoBiz Financial, Inc.   111,300    1,481,403 
Columbia Banking System, Inc.   94,700    3,098,584 
East West Bancorp, Inc.   112,000    4,111,520 
First Hawaiian, Inc. (I)   38,971    1,046,761 
Glacier Bancorp, Inc.   91,700    2,615,284 
Home BancShares, Inc.   285,900    5,949,579 
Hope Bancorp, Inc.   122,200    2,122,614 
National Bank Holdings Corp., Class A   86,200    2,014,494 
Pinnacle Financial Partners, Inc.   23,300    1,260,064 
Popular, Inc.   83,500    3,191,370 
Prosperity Bancshares, Inc.   58,700    3,222,043 
Sandy Spring Bancorp, Inc.   59,900    1,831,742 
SVB Financial Group (I)   28,100    3,106,174 
Synovus Financial Corp. (I)   33,000    1,073,490 
Texas Capital Bancshares, Inc. (I)   26,300    1,444,396 
Towne Bank   114,200    2,744,226 
Webster Financial Corp.   54,250    2,062,043 
Wintrust Financial Corp.   39,700    2,206,129 
         47,478,096 
Capital markets - 3.0%          
Bats Global Markets, Inc.   39,310    1,184,410 
Conyers Park Acquisition Corp. (I)   51,300    551,475 
Hercules Capital, Inc.   165,300    2,241,468 
Houlihan Lokey, Inc.   30,262    758,063 
Janus Capital Group, Inc.   81,500    1,141,815 
Main Street Capital Corp. (L)   37,100    1,273,643 
Safeguard Scientifics, Inc. (I)   57,200    741,312 
TPG Specialty Lending, Inc. (L)   68,800    1,245,968 
         9,138,154 
Consumer finance - 0.6%          
Green Dot Corp., Class A (I)   75,900    1,750,254 
Diversified financial services - 0.5%          
Compass Diversified Holdings   84,400    1,466,872 
Insurance - 4.1%          
Assured Guaranty, Ltd.   53,000    1,470,750 
Employers Holdings, Inc.   49,350    1,472,111 
Kinsale Capital Group, Inc.   26,026    572,572 
National Interstate Corp.   51,400    1,672,042 
ProAssurance Corp.   74,500    3,909,760 
RenaissanceRe Holdings, Ltd.   6,300    757,008 
Safety Insurance Group, Inc.   17,900    1,203,238 
State Auto Financial Corp.   56,800    1,352,408 
         12,409,889 

 

Small Company Value Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Mortgage real estate investment trusts - 0.9%          
Hannon Armstrong Sustainable          
Infrastructure Capital, Inc.   71,900   $1,680,303 
Redwood Trust, Inc.   86,800    1,229,088 
         2,909,391 
Thrifts and mortgage finance - 2.9%          
Beneficial Bancorp, Inc. (I)   145,140    2,135,009 
Meridian Bancorp, Inc.   59,100    920,187 
Radian Group, Inc.   166,700    2,258,785 
United Financial Bancorp, Inc.   140,400    1,943,136 
WSFS Financial Corp.   48,600    1,773,414 
         9,030,531 
         84,183,187 
Health care - 7.0%          
Health care equipment and supplies - 4.9%          
Analogic Corp.   17,200    1,523,920 
Atrion Corp.   7,020    2,994,732 
Haemonetics Corp. (I)   62,600    2,266,746 
Halyard Health, Inc. (I)   70,900    2,457,394 
Quidel Corp. (I)   84,000    1,855,560 
West Pharmaceutical Services, Inc.   50,600    3,769,700 
         14,868,052 
Health care providers and services - 2.1%          
National HealthCare Corp.   21,207    1,399,450 
Select Medical Holdings Corp. (I)   100,800    1,360,800 
The Ensign Group, Inc.   26,500    533,445 
Triple-S Management Corp., Class B (I)   43,600    956,148 
WellCare Health Plans, Inc. (I)   18,300    2,142,747 
         6,392,590 
         21,260,642 
Industrials - 13.1%          
Aerospace and defense - 0.6%          
Cubic Corp.   10,800    505,548 
Triumph Group, Inc.   43,000    1,198,840 
         1,704,388 
Building products - 0.7%          
Universal Forest Products, Inc.   22,400    2,206,176 
Commercial services and supplies - 2.0%          
Brady Corp., Class A   50,100    1,733,961 
Matthews International Corp., Class A   19,200    1,166,592 
McGrath RentCorp   65,450    2,075,420 
MSA Safety, Inc.   18,800    1,091,152 
         6,067,125 
Construction and engineering - 0.7%          
Aegion Corp. (I)   107,500    2,050,025 
Machinery - 3.3%          
CIRCOR International, Inc.   31,500    1,876,140 
Colfax Corp. (I)   37,000    1,162,910 
ESCO Technologies, Inc.   58,300    2,706,286 
Hillenbrand, Inc.   33,210    1,050,764 
RBC Bearings, Inc. (I)   20,400    1,560,192 
Sun Hydraulics Corp.   50,700    1,636,089 
         9,992,381 
Marine - 0.4%          
Kirby Corp. (I)   21,600    1,342,656 
Professional services - 1.2%          
FTI Consulting, Inc. (I)   36,800    1,639,808 

 

The accompanying notes are an integral part of the financial statements.

220

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Company Value Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Professional services (continued)          
Navigant Consulting, Inc. (I)   107,600   $2,175,672 
         3,815,480 
Road and rail - 2.5%          
Genesee & Wyoming, Inc., Class A (I)   34,000    2,344,300 
Landstar System, Inc.   64,200    4,370,736 
Universal Logistics Holdings, Inc.   63,789    856,048 
         7,571,084 
Trading companies and distributors - 1.7%          
Applied Industrial Technologies, Inc.   33,600    1,570,464 
Beacon Roofing Supply, Inc. (I)   56,400    2,372,748 
Kaman Corp.   27,000    1,185,840 
         5,129,052 
         39,878,367 
Information technology - 10.8%          
Communications equipment - 1.0%          
Harmonic, Inc. (I)   266,200    1,578,566 
Ixia (I)   129,100    1,613,750 
         3,192,316 
Electronic equipment, instruments and components - 5.4%          
Badger Meter, Inc.   43,400    1,454,334 
Belden, Inc.   64,200    4,429,158 
Knowles Corp. (I)(L)   147,100    2,066,755 
Littelfuse, Inc.   31,700    4,083,277 
Methode Electronics, Inc.   45,300    1,584,141 
SYNNEX Corp.   24,400    2,784,284 
         16,401,949 
Internet software and services - 0.1%          
Rightside Group, Ltd. (I)   31,702    288,488 
IT services - 0.5%          
CSRA, Inc.   57,900    1,557,510 
Semiconductors and semiconductor equipment - 2.7%          
Advanced Energy Industries, Inc. (I)   46,900    2,219,308 
Brooks Automation, Inc.   103,800    1,412,718 
Cabot Microelectronics Corp.   33,200    1,756,612 
Intersil Corp., Class A   91,500    2,006,595 
Rudolph Technologies, Inc. (I)   43,300    768,142 
         8,163,375 
Software - 1.1%          
Callidus Software, Inc. (I)   80,000    1,468,000 
Progress Software Corp. (I)   64,900    1,765,280 
         3,233,280 
         32,836,918 
Materials - 5.2%          
Chemicals - 2.4%          
American Vanguard Corp.   70,100    1,125,806 
Innospec, Inc.   24,535    1,491,973 
KMG Chemicals, Inc.   52,000    1,473,160 
Minerals Technologies, Inc.   46,300    3,272,947 
         7,363,886 
Containers and packaging - 0.6%          
Myers Industries, Inc.   139,100    1,806,909 
Metals and mining - 1.2%          
Carpenter Technology Corp.   57,700    2,380,702 
Reliance Steel & Aluminum Company   19,000    1,368,570 
         3,749,272 

 

Small Company Value Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Paper and forest products - 1.0%          
Clearwater Paper Corp. (I)   44,200   $2,858,414 
         15,778,481 
Real estate - 9.3%          
Equity real estate investment trusts - 9.3%          
Acadia Realty Trust   77,600    2,812,224 
American Assets Trust, Inc.   18,200    789,516 
American Campus Communities, Inc.   32,100    1,632,927 
CatchMark Timber Trust, Inc., Class A   41,360    483,498 
Cedar Realty Trust, Inc.   361,400    2,602,080 
Douglas Emmett, Inc.   47,800    1,750,914 
EastGroup Properties, Inc.   32,600    2,398,056 
First Potomac Realty Trust   155,500    1,422,825 
Healthcare Realty Trust, Inc.   49,300    1,679,158 
Kilroy Realty Corp.   29,400    2,038,890 
Potlatch Corp.   47,600    1,851,164 
PS Business Parks, Inc.   20,200    2,294,114 
Retail Opportunity Investments Corp.   35,100    770,796 
RLJ Lodging Trust   67,200    1,413,216 
Saul Centers, Inc.   37,200    2,477,520 
Washington Real Estate Investment Trust   58,300    1,814,296 
         28,231,194 
         28,231,194 
Utilities - 6.1%          
Electric utilities - 2.4%          
El Paso Electric Company   37,400    1,749,198 
PNM Resources, Inc.   110,400    3,612,288 
Portland General Electric Company   47,800    2,035,802 
         7,397,288 
Gas utilities - 2.4%          
Atmos Energy Corp.   23,700    1,764,939 
ONE Gas, Inc.   57,200    3,537,248 
Southwest Gas Corp.   28,700    2,004,982 
         7,307,169 
Independent power and renewable electricity producers - 0.4%          
NRG Energy, Inc.   104,900    1,175,929 
Multi-utilities - 0.9%          
NorthWestern Corp.   49,200    2,830,476 
         18,710,862 
TOTAL COMMON STOCKS (Cost $220,176,950)       $298,734,890 
           
SECURITIES LENDING COLLATERAL - 1.1%          
John Hancock Collateral Trust,          
0.6548% (W)(Y)   328,599    3,288,162 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $3,288,162)       $3,288,162 
           
SHORT-TERM INVESTMENTS - 1.7%          
Money market funds - 1.7%          
State Street Institutional U.S. Government          
Money Market Fund, Premier          
Class, 0.2692% (Y)   500,000   $500,000 

 

The accompanying notes are an integral part of the financial statements.  
221

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Small Company Value Trust (continued)

 

     Shares or
Principal
Amount		   Value
SHORT-TERM INVESTMENTS (continued)          
Money market funds (continued)          
T. Rowe Price Prime Reserve          
Fund, 0.3208% (Y)   4,854,852   $4,854,852 
TOTAL SHORT-TERM INVESTMENTS (Cost $5,354,852)       $5,354,852 
Total Investments (Small Company Value Trust)          
(Cost $228,819,964) - 100.9%       $307,377,904 
Other assets and liabilities, net - (0.9%)        (2,820,030)
TOTAL NET ASSETS - 100.0%       $304,557,874 

 

Strategic Equity Allocation Trust

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS - 97.3%          
Consumer discretionary - 12.0%          
Auto components - 0.7%          
Aisin Seiki Company, Ltd.   46,104   $2,112,193 
American Axle &          
Manufacturing Holdings, Inc. (I)   15,631    269,166 
BorgWarner, Inc.   56,393    1,983,906 
Bridgestone Corp.   156,774    5,776,143 
Cie Generale des Etablissements Michelin   43,856    4,856,392 
Continental AG   26,510    5,585,687 
Cooper Tire & Rubber Company   11,155    424,113 
Cooper-Standard Holding, Inc. (I)   3,001    296,499 
Dana, Inc.   95,432    1,487,785 
Delphi Automotive PLC   78,315    5,585,426 
Denso Corp.   117,195    4,676,613 
Dorman Products, Inc. (I)   5,392    344,549 
Drew Industries, Inc.   4,814    471,868 
Federal-Mogul Holdings Corp. (I)   6,552    62,965 
Fox Factory Holding Corp. (I)   4,677    107,431 
Gentex Corp.   130,073    2,284,082 
Gentherm, Inc. (I)   7,543    237,001 
GKN PLC   412,996    1,713,731 
Horizon Global Corp. (I)   4,010    79,919 
Johnson Controls International PLC   272,084    12,660,069 
Koito Manufacturing Company, Ltd.   27,166    1,322,159 
Metaldyne Performance Group, Inc.   3,336    52,876 
Modine Manufacturing Company (I)   9,904    117,461 
Motorcar Parts of America, Inc. (I)   3,814    109,767 
NGK Spark Plug Company, Ltd.   42,799    756,273 
NHK Spring Company, Ltd.   48,877    473,824 
NOK Corp.   23,472    513,601 
Nokian Renkaat OYJ   27,589    1,005,894 
Spartan Motors, Inc.   7,180    68,784 
Standard Motor Products, Inc.   4,372    208,807 
Stanley Electric Company, Ltd.   36,267    980,579 
Stoneridge, Inc. (I)   5,583    102,727 
Strattec Security Corp.   893    31,523 
Sumitomo Electric Industries, Ltd.   181,743    2,569,248 
Sumitomo Rubber Industries, Ltd.   42,102    636,830 
Superior Industries International, Inc.   5,059    147,520 
Tenneco, Inc. (I)   11,455    667,483 
The Goodyear Tire & Rubber Company   76,377    2,466,977 
The Yokohama Rubber Company, Ltd.   25,800    412,988 
Tower International, Inc.   4,197    101,148 
Toyoda Gosei Company, Ltd.   16,003    372,069 
Toyota Industries Corp.   39,253    1,821,990 

 

Strategic Equity Allocation Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Auto components (continued)          
Valeo SA   57,439   $3,352,641 
         69,308,707 
Automobiles - 1.4%          
Bayerische Motoren Werke AG   79,775    6,716,670 
Daimler AG   231,992    16,361,836 
Ferrari NV   29,571    1,536,668 
Fiat Chrysler Automobiles NV   217,370    1,381,646 
Ford Motor Company   1,119,499    13,512,353 
Fuji Heavy Industries, Ltd.   148,312    5,564,590 
General Motors Company   410,047    13,027,193 
Harley-Davidson, Inc. (L)   51,995    2,734,417 
Honda Motor Company, Ltd.   392,773    11,335,538 
Isuzu Motors, Ltd.   143,100    1,684,439 
Mazda Motor Corp.   137,300    2,106,424 
Mitsubishi Motors Corp.   165,837    774,670 
Nissan Motor Company, Ltd.   595,596    5,842,123 
Peugeot SA (I)   116,916    1,785,398 
Renault SA   46,318    3,810,543 
Suzuki Motor Corp.   82,843    2,774,829 
Thor Industries, Inc.   21,665    1,835,026 
Toyota Motor Corp.   643,400    37,321,347 
Volkswagen AG   7,825    1,133,080 
Winnebago Industries, Inc.   5,458    128,645 
Yamaha Motor Company, Ltd.   67,413    1,361,966 
         132,729,401 
Distributors - 0.1%          
Core-Mark Holding Company, Inc.   9,316    333,513 
Genuine Parts Company   42,913    4,310,611 
Jardine Cycle & Carriage, Ltd.   23,867    753,877 
LKQ Corp. (I)   87,987    3,120,019 
Pool Corp.   19,175    1,812,421 
Weyco Group, Inc.   1,359    36,516 
         10,366,957 
Diversified consumer services - 0.1%          
American Public Education, Inc. (I)   3,349    66,344 
Apollo Education Group, Inc. (I)   17,720    140,874 
Ascent Capital Group, Inc., Class A (I)   2,309    53,500 
Benesse Holdings, Inc.   16,255    415,174 
Bridgepoint Education, Inc. (I)   4,178    28,703 
Bright Horizons Family Solutions, Inc. (I)   8,864    592,913 
Capella Education Company   2,326    135,001 
Career Education Corp. (I)   14,126    95,916 
Carriage Services, Inc.   3,129    74,001 
Chegg, Inc. (I) (L)   16,959    120,239 
Collectors Universe, Inc.   2,000    37,060 
DeVry Education Group, Inc.   38,529    888,479 
Graham Holdings Company, Class B   2,111    1,016,172 
Grand Canyon Education, Inc. (I)   9,169    370,336 
H&R Block, Inc.   64,386    1,490,536 
Houghton Mifflin Harcourt Company (I)   25,485    341,754 
K12, Inc. (I)   7,094    101,799 
LifeLock, Inc. (I)   17,287    292,496 
Regis Corp. (I)   7,732    97,037 
Service Corp. International   87,516    2,322,675 
Sotheby’s (L)   32,425    1,232,799 
Strayer Education, Inc. (I)   2,186    102,042 
Weight Watchers International, Inc. (I) (L)   5,625    58,050 
         10,073,900 
Hotels, restaurants and leisure - 1.6%          
Accor SA   41,143    1,632,524 
Aristocrat Leisure, Ltd.   130,435    1,586,991 

 

The accompanying notes are an integral part of the financial statements.  
222

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Hotels, restaurants and leisure (continued)          
Belmond, Ltd., Class A (I)   17,107   $217,430 
Biglari Holdings, Inc. (I)   210    91,564 
BJ’s Restaurants, Inc. (I)   4,797    170,533 
Bloomin’ Brands, Inc.   23,300    401,692 
Bob Evans Farms, Inc.   4,074    156,034 
Bojangles’, Inc. (I) (L)   2,394    38,208 
Boyd Gaming Corp. (I)   16,838    333,056 
Brinker International, Inc.   24,889    1,255,152 
Buffalo Wild Wings, Inc. (I)   12,151    1,710,132 
Caesars Acquisition Company, Class A (I)   9,797    121,679 
Caesars Entertainment Corp. (I) (L)   11,654    86,822 
Carnival Corp.   125,766    6,139,896 
Carnival PLC   45,888    2,238,843 
Carrols Restaurant Group, Inc. (I)   7,294    96,354 
Century Casinos, Inc. (I)   5,528    38,198 
Chipotle Mexican Grill, Inc. (I)   8,378    3,548,083 
Churchill Downs, Inc.   8,381    1,226,559 
Chuy’s Holdings, Inc. (I)   3,378    94,381 
ClubCorp Holdings, Inc.   13,449    194,607 
Compass Group PLC   395,842    7,666,129 
Cracker Barrel Old Country Store, Inc. (L)   14,793    1,955,930 
Crown Resorts, Ltd.   87,747    885,138 
Darden Restaurants, Inc.   36,160    2,217,331 
Dave & Buster’s Entertainment, Inc. (I)   7,726    302,705 
Del Frisco’s Restaurant Group, Inc. (I)   5,257    70,812 
Del Taco Restaurants, Inc. (I)   5,126    61,102 
Denny’s Corp. (I)   15,662    167,427 
DineEquity, Inc.   3,546    280,808 
Domino’s Pizza Enterprises, Ltd.   14,782    800,919 
Domino’s Pizza, Inc.   21,894    3,324,604 
Dunkin’ Brands Group, Inc.   41,769    2,175,330 
El Pollo Loco Holdings, Inc. (I) (L)   4,377    55,106 
Eldorado Resorts, Inc. (I)   5,910    83,095 
Fiesta Restaurant Group, Inc. (I)   5,600    134,400 
Flight Centre Travel Group, Ltd. (L)   13,750    384,925 
Galaxy Entertainment Group, Ltd.   565,153    2,149,127 
Genting Singapore PLC   1,441,721    796,720 
Golden Entertainment, Inc.   2,472    30,826 
InterContinental Hotels Group PLC   45,209    1,863,291 
International Speedway Corp., Class A   17,028    569,076 
Interval Leisure Group, Inc.   23,170    397,829 
Intrawest Resorts Holdings, Inc. (I)   3,580    58,068 
Isle of Capri Casinos, Inc. (I)   5,295    117,973 
J Alexander’s Holdings, Inc. (I)   3,379    34,229 
Jack in the Box, Inc.   21,479    2,060,695 
Jamba, Inc. (I) (L)   3,274    35,752 
La Quinta Holdings, Inc. (I)   17,566    196,388 
Lindblad Expeditions Holdings, Inc. (I)   3,880    34,920 
Marriott International, Inc., Class A   93,444    6,291,611 
Marriott Vacations Worldwide Corp.   4,544    333,166 
McDonald’s Corp.   245,425    28,312,228 
McDonald’s Holdings Company Japan, Ltd.   16,161    476,033 
Melco Crown Entertainment, Ltd., ADR (L)   45,600    734,616 
Merlin Entertainments PLC (S)   171,059    973,789 
MGM China Holdings, Ltd.   226,172    395,485 
Monarch Casino & Resort, Inc. (I)   2,442    61,465 
Nathan’s Famous, Inc. (I) (L)   763    40,092 
Oriental Land Company, Ltd.   52,600    3,203,222 
Paddy Power Betfair PLC   19,169    2,167,552 
Panera Bread Company, Class A (I)   10,099    1,966,477 
Papa John’s International, Inc.   5,544    437,144 
Penn National Gaming, Inc. (I)   15,390    208,842 
Pinnacle Entertainment, Inc. (I)   11,993    147,994 

 

Strategic Equity Allocation Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Hotels, restaurants and leisure (continued)          
Planet Fitness, Inc., Class A (I)   3,327   $66,773 
Popeyes Louisiana Kitchen, Inc. (I)   4,405    234,082 
Potbelly Corp. (I) (L)   5,372    66,774 
Red Robin Gourmet Burgers, Inc. (I)   2,828    127,090 
Red Rock Resorts, Inc., Class A   6,200    146,258 
Royal Caribbean Cruises, Ltd.   48,170    3,610,342 
Ruby Tuesday, Inc. (I)   14,669    36,673 
Ruth’s Hospitality Group, Inc.   6,758    95,423 
Sands China, Ltd.   583,082    2,555,721 
Scientific Games Corp., Class A (I)   11,100    125,097 
SeaWorld Entertainment, Inc. (L)   13,550    182,654 
Shake Shack, Inc., Class A (I) (L)   3,256    112,886 
Shangri-La Asia, Ltd.   293,964    323,100 
SJM Holdings, Ltd.   475,884    352,663 
Sodexo SA   22,721    2,706,521 
Sonic Corp.   9,645    252,506 
Speedway Motorsports, Inc.   2,838    50,687 
Starbucks Corp.   424,135    22,962,669 
Tabcorp Holdings, Ltd.   200,276    766,925 
Tatts Group, Ltd.   352,308    990,186 
Texas Roadhouse, Inc.   42,315    1,651,554 
The Cheesecake Factory, Inc.   29,542    1,478,873 
The Habit Restaurants, Inc., Class A (I) (L)   3,007    42,098 
The Marcus Corp.   4,090    102,414 
The Wendy’s Company   92,268    996,494 
TUI AG   120,200    1,708,032 
Whitbread PLC   44,019    2,234,065 
William Hill PLC   209,345    825,866 
Wingstop, Inc.   3,269    95,782 
Wyndham Worldwide Corp.   32,170    2,166,006 
Wynn Macau, Ltd.   375,670    627,072 
Wynn Resorts, Ltd. (L)   23,270    2,266,963 
Yum! Brands, Inc.   106,409    9,663,001 
Zoe’s Kitchen, Inc. (I) (L)   3,929    87,185 
         155,749,544 
Household durables - 0.8%          
Barratt Developments PLC   241,506    1,546,128 
Bassett Furniture Industries, Inc.   2,337    54,335 
Beazer Homes USA, Inc. (I)   6,720    78,355 
Berkeley Group Holdings PLC   31,651    1,057,577 
CalAtlantic Group, Inc.   33,988    1,136,559 
Casio Computer Company, Ltd. (L)   55,048    770,727 
Cavco Industries, Inc. (I)   1,730    171,357 
Century Communities, Inc. (I)   3,290    70,768 
CSS Industries, Inc.   2,212    56,583 
DR Horton, Inc.   94,703    2,860,031 
Electrolux AB, Series B   57,984    1,452,313 
Ethan Allen Interiors, Inc.   4,992    156,100 
Flexsteel Industries, Inc.   1,441    74,529 
Garmin, Ltd. (L)   33,184    1,596,482 
GoPro, Inc., Class A (I) (L)   20,799    346,927 
Green Brick Partners, Inc. (I) (L)   5,291    43,704 
Harman International Industries, Inc.   20,080    1,695,756 
Helen of Troy, Ltd. (I)   18,279    1,575,101 
Hooker Furniture Corp.   2,462    60,294 
Hovnanian Enterprises, Inc., Class A (I) (L)   27,038    45,694 
Husqvarna AB, B Shares   100,411    876,344 
Iida Group Holdings Company, Ltd.   36,200    728,442 
Installed Building Products, Inc. (I)   4,064    145,776 
iRobot Corp. (I)   5,523    242,902 
KB Home (L)   55,030    887,084 
La-Z-Boy, Inc.   9,989    245,330 
Leggett & Platt, Inc.   38,564    1,757,747 

 

The accompanying notes are an integral part of the financial statements.  
223

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Household durables (continued)          
Lennar Corp., Class A   52,571   $2,225,856 
LGI Homes, Inc. (I) (L)   3,070    113,099 
Libbey, Inc.   4,808    85,823 
Lifetime Brands, Inc.   2,705    36,409 
M/I Homes, Inc. (I)   4,876    114,927 
MDC Holdings, Inc.   7,889    203,536 
Meritage Homes Corp. (I)   7,764    269,411 
Mohawk Industries, Inc. (I)   18,277    3,661,614 
NACCO Industries, Inc., Class A   869    59,057 
Newell Brands, Inc.   138,938    7,316,475 
Nikon Corp.   82,146    1,226,789 
NVR, Inc. (I)   1,644    2,695,946 
Panasonic Corp.   531,909    5,319,915 
Persimmon PLC   74,132    1,743,034 
PulteGroup, Inc.   89,987    1,803,339 
Rinnai Corp.   8,178    761,321 
Sekisui Chemical Company, Ltd.   98,363    1,414,675 
Sekisui House, Ltd.   145,378    2,476,757 
Sharp Corp. (I) (L)   359,000    476,130 
Sony Corp.   304,200    10,078,326 
Taylor Morrison Home Corp., Class A (I)   6,252    110,035 
Taylor Wimpey PLC   786,605    1,568,944 
Techtronic Industries Company, Ltd.   331,242    1,297,572 
Tempur Sealy International, Inc. (I)   23,038    1,307,176 
The New Home Company, Inc. (I)   3,098    33,056 
Toll Brothers, Inc. (I)   68,408    2,042,663 
TopBuild Corp. (I)   7,715    256,138 
TRI Pointe Group, Inc. (I)   96,840    1,276,351 
Tupperware Brands Corp.   23,019    1,504,752 
Universal Electronics, Inc. (I)   2,907    216,455 
WCI Communities, Inc. (I)   4,571    108,424 
Whirlpool Corp.   21,799    3,534,926 
William Lyon Homes, Class A (I) (L)   4,959    91,989 
ZAGG, Inc. (I)   5,987    48,495 
         75,212,360 
Internet and direct marketing retail - 1.5%          
1-800-Flowers.com, Inc., Class A (I)   5,741    52,645 
Amazon.com, Inc. (I)   113,294    94,862,199 
Blue Nile, Inc.   2,373    81,679 
Duluth Holdings, Inc., Class B (I) (L)   1,996    52,914 
Etsy, Inc. (I)   21,703    309,919 
Expedia, Inc.   35,516    4,145,428 
FTD Companies, Inc. (I)   3,633    74,731 
HSN, Inc.   20,918    832,536 
Lands’ End, Inc. (I) (L)   3,153    45,719 
Liberty TripAdvisor Holdings, Inc., Class A (I)   14,950    326,658 
Netflix, Inc. (I)   122,863    12,108,149 
Nutrisystem, Inc.   5,984    177,665 
Overstock.com, Inc. (I)   2,766    42,375 
PetMed Express, Inc. (L)   4,207    85,318 
Rakuten, Inc.   224,205    2,926,614 
Shutterfly, Inc. (I)   7,059    315,114 
Start Today Company, Ltd.   42,600    733,004 
The Priceline Group, Inc. (I)   14,239    20,952,546 
TripAdvisor, Inc. (I)   33,079    2,089,931 
Wayfair, Inc., Class A (I) (L)   6,436    253,385 
Zalando SE (I)   20,853    871,265 
         141,339,794 
Leisure products - 0.2%          
Arctic Cat, Inc.   3,096    47,957 
Bandai Namco Holdings, Inc.   48,193    1,475,095 
Brunswick Corp.   40,861    1,993,200 

 

Strategic Equity Allocation Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Leisure products (continued)          
Callaway Golf Company   19,599   $227,544 
Hasbro, Inc.   32,217    2,555,775 
JAKKS Pacific, Inc. (I) (L)   3,795    32,789 
Johnson Outdoors, Inc., Class A   1,183    43,026 
Malibu Boats, Inc., Class A (I)   4,049    60,330 
Mattel, Inc.   97,718    2,958,901 
Nautilus, Inc. (I)   6,404    145,499 
Polaris Industries, Inc. (L)   27,043    2,094,210 
Sankyo Company, Ltd.   11,151    380,966 
Sega Sammy Holdings, Inc.   44,936    641,009 
Shimano, Inc.   17,881    2,655,751 
Smith & Wesson Holding Corp. (I) (L)   11,115    295,548 
Sturm Ruger & Company, Inc.   3,767    217,582 
Vista Outdoor, Inc. (I)   27,150    1,082,199 
Yamaha Corp.   40,373    1,306,927 
         18,214,308 
Media - 2.2%          
Altice NV, Class A (I) (L)   89,766    1,607,666 
Altice NV, Class B (I)   25,591    459,935 
AMC Entertainment Holdings, Inc., Class A   4,432    137,791 
AMC Networks, Inc., Class A (I)   27,161    1,408,569 
Axel Springer SE   10,275    526,524 
Cable One, Inc.   2,126    1,241,584 
Carmike Cinemas, Inc. (I)   4,967    162,371 
CBS Corp., Class B   119,147    6,522,107 
Central European Media          
Enterprises, Ltd., Class A (I)   19,500    45,045 
Charter Communications, Inc., Class A (I)   62,656    16,915,240 
Cinemark Holdings, Inc.   48,186    1,844,560 
Comcast Corp., Class A   690,261    45,791,915 
Daily Journal Corp. (I)   256    56,064 
Dentsu, Inc.   52,165    2,655,077 
Discovery Communications, Inc., Series A (I)   42,633    1,147,680 
Discovery Communications, Inc., Series C (I)   69,185    1,820,257 
Entercom Communications Corp., Class A   5,789    74,910 
Entravision Communications Corp., Class A   14,049    107,194 
Eros International PLC (I) (L)   6,109    93,590 
Eutelsat Communications SA   42,065    870,634 
Gannett Company, Inc.   23,839    277,486 
Global Eagle Entertainment, Inc. (I)   9,882    82,119 
Gray Television, Inc. (I)   13,511    139,974 
Hakuhodo DY Holdings, Inc.   50,873    596,237 
IMAX Corp. (I)   11,919    345,293 
ITV PLC   874,426    2,121,114 
JCDecaux SA (I)   17,761    574,294 
John Wiley & Sons, Inc., Class A   20,343    1,049,902 
Lagardere SCA   29,053    739,871 
Liberty Braves Group, Class A (I)   2,447    42,700 
Liberty Braves Group, Class C (I)   6,504    113,040 
Liberty Media Group LLC, Series A (I)   4,738    135,744 
Liberty Media Group LLC, Series C (I)   9,195    258,747 
Live Nation Entertainment, Inc. (I)   59,821    1,643,881 
Loral Space & Communications, Inc. (I)   2,865    112,050 
MDC Partners, Inc., Class A (L)   10,656    114,232 
Media General, Inc. (I)   22,463    413,993 
Meredith Corp.   24,230    1,259,718 
MSG Networks, Inc., Class A (I)   12,188    226,819 
National CineMedia, Inc.   12,681    186,664 
New Media Investment Group, Inc.   8,148    126,294 
News Corp., Class A   110,253    1,541,337 
News Corp., Class B   28,302    402,454 
Nexstar Broadcasting Group, Inc., Class A (L)   6,175    356,359 
Omnicom Group, Inc.   68,207    5,797,595 

 

The accompanying notes are an integral part of the financial statements.  
224

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Media (continued)          
Pearson PLC   197,974   $1,935,324 
ProSiebenSat.1 Media SE   52,735    2,261,020 
Publicis Groupe SA   45,672    3,455,897 
REA Group, Ltd.   12,664    550,820 
Reading International, Inc., Class A (I)   3,850    51,398 
Rizzoli Corriere Della Sera          
Mediagroup SpA (I)   15,091    15,881 
RTL Group SA   9,348    776,584 
Schibsted ASA, B Shares   21,856    586,425 
Schibsted ASA, Class A   17,973    529,279 
Scholastic Corp.   5,547    218,330 
Scripps Networks Interactive, Inc., Class A   27,558    1,749,657 
SES SA   87,777    2,155,351 
Sinclair Broadcast Group, Inc., Class A   13,643    394,010 
Singapore Press Holdings, Ltd.   385,732    1,081,048 
Sky PLC   248,467    2,879,758 
TEGNA, Inc.   61,745    1,349,746 
Telenet Group Holding NV (I)   12,876    672,617 
The EW Scripps Company, Class A (I)   12,441    197,812 
The Interpublic Group of Companies, Inc.   115,492    2,581,246 
The New York Times Company, Class A   80,018    956,215 
The Walt Disney Company   425,594    39,520,604 
Thomson Reuters Corp.   29,396    1,216,406 
Time Warner, Inc.   222,805    17,737,506 
Time, Inc.   66,148    957,823 
Toho Company, Ltd.   26,908    893,813 
tronc, Inc.   5,651    95,389 
Twenty-First Century Fox, Inc., Class A   305,127    7,390,176 
Twenty-First Century Fox, Inc., Class B   141,068    3,490,022 
Viacom, Inc., Class B   99,455    3,789,236 
Vivendi SA   280,335    5,657,847 
World Wrestling Entertainment, Inc., Class A   7,518    160,133 
WPP PLC   311,072    7,311,938 
         214,765,941 
Multiline retail - 0.4%          
Big Lots, Inc. (L)   29,262    1,397,261 
Dollar General Corp.   74,567    5,218,944 
Dollar Tree, Inc. (I)   67,577    5,333,853 
Don Quijote Holdings Company, Ltd.   28,600    1,049,199 
Fred’s, Inc., Class A   7,674    69,526 
Harvey Norman Holdings, Ltd.   132,509    530,424 
Isetan Mitsukoshi Holdings, Ltd.   81,028    797,829 
J Front Retailing Company, Ltd.   58,200    762,067 
J.C. Penney Company, Inc. (I) (L)   140,129    1,291,989 
Kohl’s Corp.   52,741    2,307,419 
Macy’s, Inc.   88,533    3,280,148 
Marks & Spencer Group PLC   391,227    1,678,411 
Marui Group Company, Ltd.   50,341    664,994 
Next PLC   34,317    2,124,189 
Nordstrom, Inc. (L)   32,394    1,680,601 
Ollie’s Bargain Outlet Holdings, Inc. (I)   4,174    109,401 
Ryohin Keikaku Company, Ltd.   5,800    1,171,362 
Sears Holdings Corp. (I) (L)   2,732    31,309 
Takashimaya Company, Ltd.   71,883    590,228 
Target Corp.   165,386    11,358,710 
Tuesday Morning Corp. (I)   9,717    58,108 
         41,505,972 
Specialty retail - 2.0%          
Aaron’s, Inc.   42,869    1,089,730 
ABC-Mart, Inc.   7,864    535,530 
Abercrombie & Fitch Company, Class A   44,739    710,903 
Advance Auto Parts, Inc.   21,112    3,148,221 

 

Strategic Equity Allocation Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Specialty retail (continued)          
America’s Car-Mart, Inc. (I)   1,736   $63,173 
American Eagle Outfitters, Inc. (L)   111,234    1,986,639 
Asbury Automotive Group, Inc. (I)   4,070    226,577 
Ascena Retail Group, Inc. (I)   110,890    619,875 
AutoNation, Inc. (I)   20,442    995,730 
AutoZone, Inc. (I)   8,282    6,363,392 
Barnes & Noble Education, Inc. (I)   8,351    79,919 
Barnes & Noble, Inc.   13,140    148,482 
Bed Bath & Beyond, Inc.   43,708    1,884,252 
Best Buy Company, Inc.   80,942    3,090,366 
Big 5 Sporting Goods Corp.   3,926    53,472 
Boot Barn Holdings, Inc. (I) (L)   2,943    33,491 
Build-A-Bear Workshop, Inc. (I)   3,176    32,903 
Cabela’s, Inc. (I)   23,281    1,278,825 
Caleres, Inc.   8,823    223,134 
CarMax, Inc. (I) (L)   55,633    2,968,021 
Chico’s FAS, Inc.   87,059    1,036,002 
Citi Trends, Inc.   3,279    65,350 
Conn’s, Inc. (I)   4,528    46,729 
CST Brands, Inc.   34,499    1,659,057 
Destination XL Group, Inc. (I)   8,765    37,952 
Dick’s Sporting Goods, Inc.   39,920    2,264,262 
Dixons Carphone PLC   235,952    1,127,014 
DSW, Inc., Class A   13,695    280,474 
Dufry AG (I)   11,036    1,383,593 
Express, Inc. (I)   15,192    179,114 
Fast Retailing Company, Ltd.   12,746    4,104,522 
Five Below, Inc. (I)   10,933    440,491 
Foot Locker, Inc.   39,172    2,652,728 
Francesca’s Holdings Corp. (I)   8,390    129,458 
GameStop Corp., Class A (L)   47,380    1,307,214 
Genesco, Inc. (I)   4,157    226,390 
GNC Holdings, Inc., Class A   14,094    287,799 
Group 1 Automotive, Inc.   4,252    271,618 
Guess?, Inc.   40,291    588,652 
Haverty Furniture Companies, Inc.   4,243    85,030 
Hennes & Mauritz AB, B Shares   228,835    6,459,006 
Hibbett Sports, Inc. (I) (L)   4,674    186,493 
Hikari Tsushin, Inc.   5,100    473,589 
Industria de Diseno Textil SA   262,857    9,746,178 
Kingfisher PLC   547,736    2,672,437 
Kirkland’s, Inc. (I)   3,232    39,366 
L Brands, Inc.   68,817    4,870,179 
Lithia Motors, Inc., Class A   4,833    461,648 
Lowe’s Companies, Inc.   251,226    18,141,029 
Lumber Liquidators Holdings, Inc. (I) (L)   5,621    110,565 
MarineMax, Inc. (I)   5,295    110,930 
Monro Muffler Brake, Inc.   6,410    392,100 
Murphy USA, Inc. (I)   16,603    1,184,790 
Nitori Holdings Company, Ltd.   19,290    2,312,344 
O’Reilly Automotive, Inc. (I)   27,673    7,751,484 
Office Depot, Inc.   360,016    1,285,257 
Party City Holdco, Inc. (I)   5,633    96,437 
Pier 1 Imports, Inc. (L)   17,060    72,334 
Rent-A-Center, Inc.   10,904    137,827 
Restoration Hardware Holdings, Inc. (I) (L)   25,161    870,067 
Ross Stores, Inc.   115,391    7,419,641 
Sally Beauty Holdings, Inc. (I)   65,678    1,686,611 
Select Comfort Corp. (I)   9,507    205,351 
Shimamura Company, Ltd.   5,328    648,638 
Shoe Carnival, Inc.   3,061    81,606 
Signet Jewelers, Ltd.   22,395    1,669,099 
Sonic Automotive, Inc., Class A   5,677    106,728 

 

The accompanying notes are an integral part of the financial statements.  
225

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Specialty retail (continued)          
Sportsman’s Warehouse Holdings, Inc. (I)   5,417   $56,987 
Stage Stores, Inc.   6,031    33,834 
Staples, Inc.   188,395    1,610,777 
Stein Mart, Inc.   7,067    44,875 
Tailored Brands, Inc. (L)   10,352    162,526 
The Buckle, Inc. (L)   5,892    141,585 
The Cato Corp., Class A   5,264    173,133 
The Children’s Place, Inc.   3,771    301,190 
The Finish Line, Inc., Class A   8,485    195,834 
The Gap, Inc. (L)   64,139    1,426,451 
The Home Depot, Inc.   355,184    45,705,077 
The TJX Companies, Inc.   189,736    14,188,458 
Tiffany & Company (L)   31,475    2,286,029 
Tile Shop Holdings, Inc. (I)   6,806    112,639 
Tractor Supply Company   38,284    2,578,427 
Ulta Salon Cosmetics & Fragrance, Inc. (I)   16,885    4,018,292 
Urban Outfitters, Inc. (I)   24,229    836,385 
USS Company, Ltd.   52,448    887,656 
Vitamin Shoppe, Inc. (I)   4,955    133,042 
West Marine, Inc. (I)   3,872    32,021 
Williams-Sonoma, Inc. (L)   37,055    1,892,769 
Winmark Corp.   521    54,976 
Yamada Denki Company, Ltd.   151,468    751,293 
Zumiez, Inc. (I)   3,887    69,966 
         190,592,040 
Textiles, apparel and luxury goods - 1.0%          
adidas AG   45,369    7,890,775 
Asics Corp.   38,572    777,160 
Burberry Group PLC   107,222    1,913,298 
Carter’s, Inc.   22,694    1,967,797 
Christian Dior SE   13,134    2,355,540 
Cie Financiere Richemont SA   125,770    7,670,408 
Coach, Inc.   79,883    2,920,522 
Columbia Sportswear Company   5,496    311,843 
Crocs, Inc. (I)   15,415    127,945 
Culp, Inc.   2,286    68,054 
Deckers Outdoor Corp. (I)   21,198    1,262,341 
Fossil Group, Inc. (I) (L)   27,485    763,258 
G-III Apparel Group, Ltd. (I)   8,821    257,132 
Hanesbrands, Inc.   108,356    2,735,989 
Hermes International   6,358    2,588,410 
HUGO BOSS AG   16,037    887,734 
Iconix Brand Group, Inc. (I) (L)   9,286    75,402 
Kate Spade & Company (I)   58,331    999,210 
Kering   18,254    3,683,345 
Li & Fung, Ltd.   1,417,774    730,535 
Luxottica Group SpA   40,775    1,947,540 
LVMH Moet Hennessy Louis Vuitton SE   67,198    11,457,984 
Michael Kors Holdings, Ltd. (I)   50,655    2,370,147 
Movado Group, Inc.   3,305    70,991 
NIKE, Inc., Class B   387,595    20,406,877 
Oxford Industries, Inc.   3,127    211,698 
Pandora A/S   26,793    3,245,157 
Perry Ellis International, Inc. (I)   2,776    53,521 
PVH Corp.   23,266    2,570,893 
Ralph Lauren Corp.   16,382    1,656,875 
Sequential Brands Group, Inc. (I) (L)   8,229    65,832 
Skechers U.S.A., Inc., Class A (I)   60,577    1,387,213 
Steven Madden, Ltd. (I)   12,591    435,145 
Superior Uniform Group, Inc.   1,921    38,017 
The Swatch Group AG, Bearer Shares (L)   7,427    2,105,460 
The Swatch Group AG, Registered Shares   11,977    666,870 
Under Armour, Inc., Class A (I) (L)   52,562    2,033,098 

 

Strategic Equity Allocation Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Textiles, apparel and luxury goods (continued)          
Under Armour, Inc., Class C (I)   52,797   $1,787,706 
Unifi, Inc. (I)   3,256    95,824 
Vera Bradley, Inc. (I)   4,251    64,403 
VF Corp.   95,713    5,364,714 
Vince Holding Corp. (I) (L)   5,013    28,273 
Wolverine World Wide, Inc.   19,769    455,280 
Yue Yuen Industrial Holdings, Ltd.   181,987    752,124 
         99,258,340 
         1,159,117,264 
Consumer staples - 9.8%          
Beverages - 2.1%          
Anheuser-Busch InBev SA   193,737    25,477,922 
Asahi Group Holdings, Ltd.   93,203    3,395,129 
Brown-Forman Corp., Class B   52,940    2,511,474 
Carlsberg A/S, Class B   25,776    2,463,513 
Coca-Cola Amatil, Ltd.   136,890    1,079,397 
Coca-Cola Bottling Company Consolidated   975    144,456 
Coca-Cola European Partners PLC   52,297    2,082,474 
Coca-Cola HBC AG (I)   43,605    1,013,011 
Constellation Brands, Inc., Class A   50,602    8,424,727 
Craft Brew Alliance, Inc. (I)   2,942    55,398 
Diageo PLC   606,464    17,371,288 
Dr. Pepper Snapple Group, Inc.   53,304    4,867,188 
Heineken Holding NV   24,287    1,945,769 
Heineken NV   55,506    4,879,041 
Kirin Holdings Company, Ltd.   198,192    3,293,890 
MGP Ingredients, Inc.   2,600    105,352 
Molson Coors Brewing Company, Class B   52,820    5,799,636 
Monster Beverage Corp. (I)   38,898    5,710,615 
National Beverage Corp. (I) (L)   2,386    105,103 
PepsiCo, Inc.   414,325    45,066,130 
Pernod Ricard SA   51,167    6,059,917 
Primo Water Corp. (I)   4,736    57,448 
Remy Cointreau SA   5,473    467,033 
SABMiller PLC   234,432    13,655,534 
Suntory Beverage & Food, Ltd.   33,559    1,451,036 
The Boston Beer Company, Inc., Class A (I)   5,892    914,792 
The Coca-Cola Company   1,116,877    47,266,235 
Treasury Wine Estates, Ltd.   177,840    1,509,272 
         207,172,780 
Food and staples retailing - 1.8%          
Aeon Company, Ltd.   157,578    2,331,440 
Carrefour SA   133,464    3,460,497 
Casey’s General Stores, Inc.   17,799    2,138,550 
Casino Guichard Perrachon SA (L)   13,638    663,819 
Colruyt SA (L)   16,228    901,231 
Costco Wholesale Corp.   125,670    19,165,932 
CVS Health Corp.   308,091    27,417,018 
Distribuidora Internacional          
de Alimentacion SA   150,009    928,923 
FamilyMart UNY Holdings Company, Ltd.   19,992    1,334,593 
ICA Gruppen AB   19,415    641,343 
Ingles Markets, Inc., Class A   2,969    117,394 
J Sainsbury PLC   393,280    1,252,620 
Jeronimo Martins SGPS SA   60,672    1,051,543 
Koninklijke Ahold Delhaize NV   308,700    7,030,932 
Lawson, Inc.   15,689    1,239,385 
METRO AG   42,985    1,279,480 
Performance Food Group Company (I)   7,638    189,422 
PriceSmart, Inc.   4,117    344,840 
Seven & i Holdings Company, Ltd.   181,529    8,581,830 

 

The accompanying notes are an integral part of the financial statements.  
226

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Food and staples retailing (continued)          
Smart & Final Stores, Inc. (I)   4,956   $63,288 
SpartanNash Company   7,558    218,577 
Sprouts Farmers Market, Inc. (I)   63,224    1,305,576 
Sundrug Company, Ltd.   8,900    747,060 
SUPERVALU, Inc. (I)   54,552    272,214 
Sysco Corp.   146,073    7,159,038 
Tesco PLC   1,969,475    4,664,603 
The Andersons, Inc.   5,522    199,786 
The Chefs’ Warehouse, Inc. (I)   4,292    47,813 
The Kroger Company   273,613    8,120,834 
Tsuruha Holdings, Inc.   8,800    1,017,284 
United Natural Foods, Inc. (I)   33,075    1,324,323 
Village Super Market, Inc., Class A   1,733    55,473 
Wal-Mart Stores, Inc.   435,121    31,380,927 
Walgreens Boots Alliance, Inc.   245,293    19,775,522 
Weis Markets, Inc.   1,996    105,788 
Wesfarmers, Ltd.   271,313    9,197,812 
Whole Foods Market, Inc.   92,089    2,610,723 
WM Morrison Supermarkets PLC   534,558    1,509,404 
Woolworths, Ltd.   308,086    5,515,893 
         175,362,730 
Food products - 2.3%          
Ajinomoto Company, Inc.   133,596    2,978,714 
Amplify Snack Brands, Inc. (I) (L)   5,997    97,151 
Archer-Daniels-Midland Company   168,579    7,108,976 
Aryzta AG (I)   21,023    935,139 
Associated British Foods PLC   85,854    2,892,830 
B&G Foods, Inc.   12,616    620,455 
Barry Callebaut AG (I)   529    704,026 
Cal-Maine Foods, Inc. (L)   6,313    243,303 
Calavo Growers, Inc.   3,159    206,693 
Calbee, Inc.   19,300    731,243 
Campbell Soup Company   55,910    3,058,277 
Chocoladefabriken Lindt & Sprungli AG   25    1,706,478 
Chocoladefabriken Lindt & Sprungli AG   243    1,405,310 
ConAgra Foods, Inc.   119,867    5,646,934 
Danone SA   142,235    10,561,347 
Darling Ingredients, Inc. (I)   33,540    453,125 
Dean Foods Company   59,246    971,634 
Farmer Brothers Company (I)   1,749    62,177 
Flowers Foods, Inc. (L)   82,961    1,254,370 
Fresh Del Monte Produce, Inc.   6,484    388,392 
Freshpet, Inc. (I) (L)   5,085    43,985 
General Mills, Inc.   173,736    11,098,256 
Golden Agri-Resources, Ltd.   1,680,261    439,336 
Hormel Foods Corp.   77,520    2,940,334 
Ingredion, Inc.   32,812    4,365,965 
Inventure Foods, Inc. (I)   4,443    41,764 
J&J Snack Foods Corp.   3,064    364,984 
John B. Sanfilippo & Son, Inc.   1,775    91,111 
Kellogg Company   72,299    5,601,004 
Kerry Group PLC, Class A   37,392    3,114,274 
Kerry Group PLC, Class A (London          
Stock Exchange)   1,204    99,091 
Kikkoman Corp.   35,746    1,144,831 
Lancaster Colony Corp.   12,672    1,673,844 
Landec Corp. (I)   5,870    78,717 
Limoneira Company (L)   3,002    56,738 
Marine Harvest ASA (I)   92,185    1,653,621 
McCormick & Company, Inc., Non-          
Voting Shares   33,067    3,304,055 
Mead Johnson Nutrition Company   53,550    4,230,986 
MEIJI Holdings Company, Ltd.   27,600    2,740,420 

 

Strategic Equity Allocation Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Food products (continued)          
Mondelez International, Inc., Class A   450,204   $19,763,956 
Nestle SA   768,212    60,661,141 
NH Foods, Ltd.   41,882    1,011,760 
Nisshin Seifun Group, Inc.   47,600    725,547 
Nissin Food Holdings Company, Ltd.   14,175    861,546 
Omega Protein Corp. (I)   4,500    105,165 
Orkla ASA   196,429    2,034,072 
Post Holdings, Inc. (I)   29,312    2,262,007 
Sanderson Farms, Inc.   4,055    390,618 
Seaboard Corp. (I)   54    185,760 
Seneca Foods Corp., Class A (I)   1,465    41,372 
Snyder’s-Lance, Inc.   55,190    1,853,280 
Tate & Lyle PLC   112,410    1,091,135 
The Hain Celestial Group, Inc. (I)   47,151    1,677,633 
The Hershey Company   40,314    3,854,018 
The J.M. Smucker Company   34,328    4,652,817 
The Kraft Heinz Company   170,880    15,295,469 
The WhiteWave Foods Company (I)   80,269    4,369,042 
Tootsie Roll Industries, Inc. (L)   11,756    432,973 
Toyo Suisan Kaisha, Ltd.   21,350    905,735 
TreeHouse Foods, Inc. (I)   25,722    2,242,701 
Tyson Foods, Inc., Class A   86,227    6,438,570 
WH Group, Ltd. (S)   1,411,500    1,140,834 
Wilmar International, Ltd.   462,903    1,099,018 
Yakult Honsha Company, Ltd.   21,203    958,306 
Yamazaki Baking Company, Ltd.   31,890    784,144 
         219,948,509 
Household products - 1.4%          
Central Garden & Pet Company (I)   2,582    67,132 
Central Garden & Pet Company, Class A (I)   6,310    156,488 
Church & Dwight Company, Inc.   73,634    3,528,541 
Colgate-Palmolive Company   256,169    18,992,370 
Energizer Holdings, Inc.   28,182    1,407,973 
Henkel AG & Company, KGaA   25,063    2,923,195 
HRG Group, Inc. (I)   24,281    381,212 
Kimberly-Clark Corp.   103,301    13,030,388 
Oil-Dri Corp. of America   1,196    45,017 
Orchids Paper Products Company (L)   1,997    54,378 
Reckitt Benckiser Group PLC   152,926    14,397,191 
Svenska Cellulosa AB SCA, B Shares   146,279    4,341,688 
The Clorox Company   37,107    4,645,054 
The Procter & Gamble Company   768,541    68,976,555 
Unicharm Corp.   97,200    2,522,100 
WD-40 Company   2,868    322,449 
         135,791,731 
Personal products - 0.7%          
Avon Products, Inc.   289,233    1,637,059 
Beiersdorf AG   24,319    2,295,543 
Coty, Inc., Class A (I)   20,520    482,220 
Edgewell Personal Care Company (I)   26,732    2,125,729 
Inter Parfums, Inc.   3,674    118,560 
Kao Corp.   121,475    6,867,957 
Kose Corp.   7,300    747,498 
L’Oreal SA   61,044    11,537,885 
Lifevantage Corp. (I)   2,929    27,708 
Medifast, Inc.   2,165    81,815 
Natural Health Trends Corp. (L)   1,552    43,860 
Nutraceutical International Corp. (I)   2,131    66,572 
Pola Orbis Holdings, Inc.   5,400    483,391 
Revlon, Inc., Class A (I)   2,429    89,339 
Shiseido Company, Ltd.   91,560    2,425,030 
The Estee Lauder Companies, Inc., Class A   63,856    5,655,087 

 

The accompanying notes are an integral part of the financial statements.  
227

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Personal products (continued)          
Unilever NV   392,464   $18,082,070 
Unilever PLC   309,231    14,632,836 
USANA Health Sciences, Inc. (I)   1,087    150,386 
         67,550,545 
Tobacco - 1.5%          
Alliance One International, Inc. (I)   1,870    35,754 
Altria Group, Inc.   561,220    35,485,941 
British American Tobacco PLC   449,149    28,644,930 
Imperial Brands PLC   230,975    11,888,426 
Japan Tobacco, Inc.   265,089    10,851,470 
Philip Morris International, Inc.   447,169    43,473,770 
Reynolds American, Inc.   237,477    11,197,041 
Swedish Match AB   45,276    1,661,255 
Universal Corp.   4,559    265,425 
Vector Group, Ltd. (L)   18,896    406,827 
         143,910,839 
         949,737,134 
Energy - 5.9%          
Energy equipment and services - 0.8%          
Archrock, Inc.   14,415    188,548 
Atwood Oceanics, Inc. (L)   12,456    108,243 
Baker Hughes, Inc.   125,706    6,344,382 
Bristow Group, Inc.   7,182    100,692 
CARBO Ceramics, Inc. (L)   4,328    47,348 
Dawson Geophysical Company (I)   4,710    35,937 
Diamond Offshore Drilling, Inc. (L)   26,653    469,359 
Dril-Quip, Inc. (I)   16,912    942,675 
Ensco PLC, Class A   137,338    1,167,373 
Era Group, Inc. (I)   5,048    40,636 
Exterran Corp. (I)   6,590    103,331 
Fairmount Santrol Holdings, Inc. (I) (L)   13,580    115,158 
FMC Technologies, Inc. (I)   64,330    1,908,671 
Forum Energy Technologies, Inc. (I)   12,269    243,662 
Geospace Technologies Corp. (I)   2,855    55,615 
Halliburton Company   246,615    11,068,081 
Helix Energy Solutions Group, Inc. (I)   20,813    169,210 
Helmerich & Payne, Inc. (L)   30,681    2,064,831 
Hornbeck Offshore Services, Inc. (I) (L)   7,277    40,024 
Independence Contract Drilling, Inc. (I)   6,652    34,923 
Matrix Service Company (I)   5,623    105,487 
McDermott International, Inc. (I)   49,357    247,279 
Nabors Industries, Ltd.   128,497    1,562,524 
National Oilwell Varco, Inc.   108,315    3,979,493 
Natural Gas Services Group, Inc. (I)   2,632    64,721 
Newpark Resources, Inc. (I)   17,243    126,908 
Noble Corp. PLC   110,857    702,833 
Oceaneering International, Inc.   44,696    1,229,587 
Oil States International, Inc. (I)   33,797    1,066,971 
Parker Drilling Company (I)   27,166    58,950 
Patterson-UTI Energy, Inc.   67,173    1,502,660 
Petrofac, Ltd.   62,582    724,359 
PHI, Inc. (I)   2,850    51,785 
Pioneer Energy Services Corp. (I)   13,370    54,015 
RigNet, Inc. (I)   3,101    46,887 
Rowan Companies PLC, Class A   57,188    866,970 
Saipem SpA (I)   1,462,362    619,566 
Schlumberger, Ltd.   401,427    31,568,219 
SEACOR Holdings, Inc. (I) (L)   3,280    195,127 
Seadrill, Ltd. (I) (L)   77,076    182,670 
Superior Energy Services, Inc.   69,015    1,235,369 
Technip SA   26,235    1,612,775 

 

Strategic Equity Allocation Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Energy equipment and services (continued)          
Tenaris SA   113,888   $1,622,136 
Tesco Corp.   10,177    83,044 
TETRA Technologies, Inc. (I)   18,741    114,508 
Tidewater, Inc. (L)   10,940    30,851 
Transocean, Ltd. (I) (L)   97,313    1,037,357 
U.S. Silica Holdings, Inc.   13,089    609,424 
Unit Corp. (I)   10,465    194,649 
         76,745,823 
Oil, gas and consumable fuels - 5.1%          
Abraxas Petroleum Corp. (I)   28,054    47,411 
Alon USA Energy, Inc.   6,996    56,388 
Anadarko Petroleum Corp.   146,427    9,277,615 
Apache Corp.   108,576    6,934,749 
Ardmore Shipping Corp.   6,073    42,754 
Bill Barrett Corp. (I)   10,333    57,451 
BP PLC   4,492,559    26,185,934 
Cabot Oil & Gas Corp.   134,497    3,470,023 
California Resources Corp. (I) (L)   6,754    84,425 
Callon Petroleum Company (I)   24,915    391,166 
Caltex Australia, Ltd.   63,393    1,676,031 
Carrizo Oil & Gas, Inc. (I)   11,469    465,871 
Chesapeake Energy Corp. (I) (L)   197,475    1,238,168 
Chevron Corp.   543,662    55,953,693 
Cimarex Energy Company   27,210    3,656,208 
Clayton Williams Energy, Inc. (I)   1,255    107,227 
Clean Energy Fuels Corp. (I) (L)   18,652    83,374 
Cobalt International Energy, Inc. (I)   84,385    104,637 
Concho Resources, Inc. (I)   41,113    5,646,871 
ConocoPhillips   355,249    15,442,674 
CONSOL Energy, Inc. (L)   80,104    1,537,997 
Contango Oil & Gas Company (I)   4,213    43,057 
CVR Energy, Inc. (L)   3,361    46,281 
Delek US Holdings, Inc.   12,778    220,932 
Denbury Resources, Inc. (I) (L)   252,680    816,156 
Devon Energy Corp.   150,322    6,630,703 
DHT Holdings, Inc.   18,929    79,313 
Eclipse Resources Corp. (I)   12,340    40,599 
Energen Corp. (I)   43,854    2,531,253 
Eni SpA   612,838    8,831,168 
EOG Resources, Inc.   157,862    15,266,834 
EP Energy Corp., Class A (I) (L)   8,505    37,252 
EQT Corp.   49,569    3,599,701 
EXCO Resources, Inc. (I) (L)   32,747    35,039 
Exxon Mobil Corp.   1,194,587    104,263,553 
Frontline, Ltd. (L)   13,317    95,483 
Galp Energia SGPS SA   111,459    1,522,740 
GasLog, Ltd. (L)   8,316    120,998 
Gener8 Maritime, Inc. (I) (L)   8,347    42,737 
Golar LNG, Ltd. (L)   18,277    387,472 
Green Plains, Inc.   7,398    193,828 
Gulfport Energy Corp. (I)   57,132    1,613,979 
Hess Corp.   80,120    4,296,034 
HollyFrontier Corp.   80,130    1,963,185 
Idemitsu Kosan Company, Ltd.   21,600    447,210 
Inpex Corp.   229,157    2,083,602 
JX Holdings, Inc.   511,011    2,068,347 
Kinder Morgan, Inc.   552,868    12,787,837 
Koninklijke Vopak NV   16,931    887,979 
Lundin Petroleum AB (I)   44,913    822,085 
Marathon Oil Corp.   243,177    3,844,628 
Marathon Petroleum Corp.   152,029    6,170,857 
Matador Resources Company (I)   17,060    415,240 
Murphy Oil Corp.   46,782    1,422,173 

 

The accompanying notes are an integral part of the financial statements.  
228

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Oil, gas and consumable fuels (continued)          
Neste OYJ   30,881   $1,317,258 
Newfield Exploration Company (I)   56,436    2,452,709 
Noble Energy, Inc.   122,938    4,393,804 
Nordic American Tankers, Ltd. (L)   17,588    177,815 
Northern Oil and Gas, Inc. (I) (L)   10,834    29,035 
Oasis Petroleum, Inc. (I)   36,597    419,768 
Occidental Petroleum Corp.   219,075    15,974,949 
Oil Search, Ltd.   330,286    1,819,056 
OMV AG   35,483    1,021,627 
ONEOK, Inc.   60,020    3,084,428 
Origin Energy, Ltd.   422,350    1,781,179 
Overseas Shipholding Group, Inc., Class A   7,517    79,455 
Pacific Ethanol, Inc. (I)   6,035    41,702 
Panhandle Oil and Gas, Inc., Class A   3,490    61,180 
Par Pacific Holdings, Inc. (I)   6,500    85,020 
PDC Energy, Inc. (I)   9,434    632,644 
Phillips 66   128,096    10,318,133 
Pioneer Natural Resources Company   48,971    9,091,466 
QEP Resources, Inc.   108,621    2,121,368 
Range Resources Corp.   54,451    2,109,976 
Renewable Energy Group, Inc. (I)   9,121    77,255 
Repsol SA   267,214    3,629,894 
REX American Resources Corp. (I)   1,142    96,796 
Ring Energy, Inc. (I)   7,578    82,979 
Royal Dutch Shell PLC, A Shares   1,030,100    25,626,710 
Royal Dutch Shell PLC, B Shares   902,403    23,395,404 
RSP Permian, Inc. (I)   16,065    623,001 
Sanchez Energy Corp. (I) (L)   11,723    103,631 
Santos, Ltd.   384,905    1,084,846 
Scorpio Tankers, Inc.   33,765    156,332 
SemGroup Corp., Class A   10,886    384,929 
Ship Finance International, Ltd. (L)   11,935    175,803 
Showa Shell Sekiyu KK   46,494    432,212 
SM Energy Company   39,390    1,519,666 
Southwestern Energy Company (I)   135,814    1,879,666 
Spectra Energy Corp.   202,356    8,650,719 
Statoil ASA   268,841    4,513,379 
Synergy Resources Corp. (I)   38,201    264,733 
Teekay Corp.   9,441    72,790 
Teekay Tankers, Ltd., Class A   25,192    63,736 
Tesoro Corp.   34,316    2,730,181 
The Williams Companies, Inc.   195,964    6,021,974 
TonenGeneral Sekiyu KK   70,557    715,513 
TOTAL SA (L)   537,511    25,564,324 
Valero Energy Corp.   130,929    6,939,237 
Western Refining, Inc.   49,737    1,316,041 
Westmoreland Coal Company (I)   4,504    39,905 
Woodside Petroleum, Ltd.   182,733    4,051,693 
World Fuel Services Corp.   31,834    1,472,641 
WPX Energy, Inc. (I)   156,128    2,059,328 
         496,846,812 
         573,592,635 
Financials - 14.8%          
Banks - 7.2%          
1st Source Corp.   3,129    111,690 
ABN AMRO Group NV (S)   56,602    1,170,311 
Access National Corp.   1,654    39,531 
ACNB Corp.   1,766    46,940 
Allegiance Bancshares, Inc. (I)   2,556    69,012 
Ameris Bancorp   6,894    240,945 
Aozora Bank, Ltd.   285,271    983,261 
Arrow Financial Corp.   2,636    86,532 

 

Strategic Equity Allocation Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Banks (continued)          
Associated Banc-Corp.   67,351   $1,319,406 
Atlantic Capital Bancshares, Inc. (I)   3,930    58,871 
Australia & New Zealand Banking Group, Ltd.   702,896    14,972,765 
Banc of California, Inc.   9,863    172,208 
BancFirst Corp.   1,569    113,768 
Banco Bilbao Vizcaya Argentaria SA   1,561,485    9,447,855 
Banco de Sabadell SA   1,274,331    1,632,584 
Banco Espirito Santo SA (I)   625,609    938 
Banco Latinoamericano de          
Comercio Exterior SA   5,990    168,798 
Banco Popular Espanol SA   808,631    1,000,812 
Banco Santander SA   3,477,853    15,428,947 
BancorpSouth, Inc.   56,215    1,304,188 
Bank Hapoalim BM   257,636    1,462,898 
Bank Leumi Le-Israel BM (I)   347,467    1,322,399 
Bank of America Corp.   2,933,053    45,902,279 
Bank of East Asia, Ltd.   293,890    1,199,476 
Bank of Hawaii Corp.   19,618    1,424,659 
Bank of Ireland (I)   6,627,879    1,385,705 
Bank of Marin Bancorp   1,341    66,688 
Bank of Queensland, Ltd.   92,665    811,601 
Bank of the Ozarks, Inc.   59,224    2,274,202 
Bankia SA   1,104,232    906,103 
Bankinter SA   162,519    1,156,331 
Bankwell Financial Group, Inc.   1,773    42,002 
Banner Corp.   6,236    272,763 
Bar Harbor Bankshares   1,415    51,959 
Barclays PLC   4,074,119    8,832,771 
BB&T Corp.   235,398    8,879,213 
Bendigo and Adelaide Bank, Ltd.   113,138    938,345 
Berkshire Hills Bancorp, Inc.   6,165    170,832 
Blue Hills Bancorp, Inc.   5,633    84,608 
BNC Bancorp   8,134    197,819 
BNP Paribas SA   255,263    13,129,080 
BOC Hong Kong Holdings, Ltd.   891,878    3,034,525 
Boston Private Financial Holdings, Inc.   16,838    216,032 
Bridge Bancorp, Inc.   3,627    103,696 
Brookline Bancorp, Inc.   14,649    178,571 
Bryn Mawr Bank Corp.   3,630    116,124 
C&F Financial Corp.   915    39,418 
CaixaBank SA   641,147    1,620,184 
Camden National Corp.   2,232    106,556 
Capital Bank Financial Corp., Class A   3,925    126,032 
Cardinal Financial Corp.   6,508    169,794 
Carolina Financial Corp. (L)   2,509    56,051 
Cascade Bancorp (I)   8,023    48,619 
Cathay General Bancorp   48,448    1,491,229 
CenterState Banks, Inc.   9,515    168,701 
Central Pacific Financial Corp.   6,238    157,135 
Central Valley Community Bancorp   2,307    36,589 
Chemical Financial Corp.   45,131    1,991,631 
Citigroup, Inc.   836,230    39,495,143 
Citizens & Northern Corp.   2,940    64,592 
Citizens Financial Group, Inc.   151,787    3,750,657 
City Holding Company   2,988    150,267 
CNB Financial Corp.   3,370    71,309 
CoBiz Financial, Inc.   7,629    101,542 
Codorus Valley Bancorp, Inc.   2,323    50,827 
Columbia Banking System, Inc.   11,983    392,084 
Comerica, Inc.   50,186    2,374,802 
Commerce Bancshares, Inc.   37,783    1,861,191 
Commerzbank AG   256,632    1,658,085 
Commonwealth Bank of Australia   413,210    23,041,908 

 

The accompanying notes are an integral part of the financial statements.  
229

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Banks (continued)          
Community Bank Systems, Inc.   8,657   $416,488 
Community Trust Bancorp, Inc.   3,167    117,527 
CommunityOne Bancorp (I)   2,620    36,261 
Concordia Financial Group, Ltd.   282,100    1,230,872 
ConnectOne Bancorp, Inc.   6,134    110,780 
Credit Agricole SA   254,402    2,509,395 
CU Bancorp (I)   3,701    84,420 
Cullen/Frost Bankers, Inc. (L)   25,159    1,809,938 
Customers Bancorp, Inc. (I)   4,791    120,542 
CVB Financial Corp.   20,816    366,570 
Danske Bank A/S   165,907    4,853,758 
DBS Group Holdings, Ltd.   424,283    4,814,273 
DNB ASA   235,455    3,095,468 
Eagle Bancorp, Inc. (I)   6,248    308,214 
East West Bancorp, Inc.   65,112    2,390,262 
Enterprise Financial Services Corp.   4,062    126,938 
Equity Bancshares, Inc., Class A (I)   1,428    37,042 
Erste Group Bank AG (I)   72,495    2,146,699 
Farmers Capital Bank Corp.   1,779    52,730 
Farmers National Banc Corp.   6,454    69,574 
FCB Financial Holdings, Inc., Class A (I)   6,143    236,075 
Fidelity Southern Corp.   4,679    86,047 
Fifth Third Bancorp   220,264    4,506,601 
Financial Institutions, Inc.   3,164    85,776 
First Bancorp   4,219    83,494 
First BanCorp (I)   25,035    130,182 
First Bancorp, Inc.   2,617    62,729 
First Busey Corp.   6,290    142,154 
First Business Financial Services, Inc.   2,022    47,517 
First Citizens BancShares, Inc., Class A   1,499    440,541 
First Commonwealth Financial Corp.   18,081    182,437 
First Community Bancshares, Inc.   3,619    89,751 
First Connecticut Bancorp, Inc.   3,710    66,001 
First Financial Bancorp   12,390    270,598 
First Financial Bankshares, Inc. (L)   13,064    476,052 
First Financial Corp.   2,255    91,733 
First Financial Northwest, Inc.   3,068    43,474 
First Foundation, Inc. (I)   2,998    73,961 
First Horizon National Corp.   104,645    1,593,743 
First Internet Bancorp   1,559    35,997 
First Interstate BancSystem, Inc., Class A   4,014    126,481 
First Merchants Corp.   8,246    220,581 
First Midwest Bancorp, Inc.   16,654    322,421 
First NBC Bank Holding Company (I)   3,638    34,343 
First Northwest Bancorp (I)   3,307    44,611 
Flushing Financial Corp.   5,571    132,144 
FNB Corp.   137,614    1,692,652 
Franklin Financial Network, Inc. (I)   2,081    77,829 
Fukuoka Financial Group, Inc.   185,272    770,053 
Fulton Financial Corp.   113,712    1,651,098 
German American Bancorp, Inc.   3,102    120,761 
Glacier Bancorp, Inc.   15,592    444,684 
Great Southern Bancorp, Inc.   2,347    95,523 
Great Western Bancorp, Inc.   11,884    395,975 
Green Bancorp, Inc. (I)   4,995    54,595 
Guaranty Bancorp   3,794    67,723 
Hancock Holding Company   51,079    1,656,492 
Hang Seng Bank, Ltd.   184,290    3,308,240 
Hanmi Financial Corp.   6,498    171,157 
Heartland Financial USA, Inc.   4,481    161,630 
Heritage Commerce Corp.   6,572    71,898 
Heritage Financial Corp.   6,461    115,975 
Hilltop Holdings, Inc. (I)   15,276    343,099 

 

Strategic Equity Allocation Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Banks (continued)          
Home BancShares, Inc.   24,600   $511,926 
HomeTrust Bancshares, Inc. (I)   4,027    74,500 
Hope Bancorp, Inc.   26,325    457,265 
Horizon Bancorp   2,955    86,818 
HSBC Holdings PLC   4,773,622    35,882,186 
Huntington Bancshares, Inc.   310,570    3,062,220 
IBERIABANK Corp.   8,302    557,230 
Independent Bank Corp. (MA)   5,178    280,078 
Independent Bank Corp. (MI)   4,648    78,226 
Independent Bank Group, Inc.   2,305    101,812 
ING Groep NV (I)   934,142    11,532,553 
International Bancshares Corp.   37,534    1,117,763 
Intesa Sanpaolo SpA   3,057,330    6,787,589 
Intesa Sanpaolo SpA   224,025    470,013 
Investors Bancorp, Inc.   59,261    711,725 
Japan Post Bank Company, Ltd.   97,600    1,159,762 
JPMorgan Chase & Co.   1,039,837    69,242,746 
KBC Groep NV   60,434    3,527,885 
KeyCorp   310,776    3,782,144 
Kyushu Financial Group, Inc.   83,100    566,196 
Lakeland Bancorp, Inc.   8,508    119,452 
Lakeland Financial Corp.   4,833    171,185 
LegacyTexas Financial Group, Inc.   9,088    287,453 
Live Oak Bancshares, Inc. (L)   4,569    65,885 
Lloyds Banking Group PLC   15,476,932    10,934,672 
M&T Bank Corp.   45,590    5,292,999 
Macatawa Bank Corp.   6,891    55,059 
MainSource Financial Group, Inc.   4,926    122,904 
MB Financial, Inc.   46,465    1,767,529 
MBT Financial Corp.   4,514    40,852 
Mediobanca SpA   136,421    887,878 
Mercantile Bank Corp.   3,620    97,197 
Merchants Bancshares, Inc.   1,856    60,116 
Middleburg Financial Corp.   1,400    39,592 
Mitsubishi UFJ Financial Group, Inc.   3,072,492    15,565,498 
Mizrahi Tefahot Bank, Ltd.   33,012    419,858 
Mizuho Financial Group, Inc.   5,730,506    9,658,413 
MutualFirst Financial, Inc.   1,610    44,645 
National Australia Bank, Ltd.   637,279    13,698,932 
National Bank Holdings Corp., Class A   5,516    128,909 
National Commerce Corp. (I)   2,264    61,264 
Natixis SA   225,984    1,054,414 
NBT Bancorp, Inc.   8,306    273,018 
Nicolet Bankshares, Inc. (I)   1,750    67,113 
Nordea Bank AB   731,963    7,268,740 
Northrim BanCorp, Inc.   1,954    50,316 
OFG Bancorp   9,037    91,364 
Old Line Bancshares, Inc.   2,403    47,411 
Old National Bancorp   27,093    380,928 
Old Second Bancorp, Inc.   6,502    54,032 
Opus Bank   3,462    122,451 
Oversea-Chinese Banking Corp., Ltd.   745,124    4,748,790 
Pacific Continental Corp.   4,758    80,030 
Pacific Mercantile Bancorp (I)   5,006    36,894 
Pacific Premier Bancorp, Inc. (I)   5,625    148,838 
PacWest Bancorp   54,607    2,343,186 
Park National Corp.   2,696    258,816 
Park Sterling Corp.   11,727    95,223 
Peapack Gladstone Financial Corp.   3,687    82,626 
Penns Woods Bancorp, Inc.   1,146    50,951 
People’s United Financial, Inc.   89,005    1,408,059 
People’s Utah Bancorp   3,342    68,010 
Peoples Bancorp, Inc.   3,647    89,680 

 

The accompanying notes are an integral part of the financial statements.  
230

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
           
COMMON STOCKS (continued)          
Banks (continued)          
Peoples Financial Services Corp. (L)   1,700   $69,292 
Pinnacle Financial Partners, Inc.   8,782    474,931 
Preferred Bank   2,695    96,346 
Premier Financial Bancorp, Inc.   2,616    44,838 
PrivateBancorp, Inc.   52,129    2,393,764 
Prosperity Bancshares, Inc.   45,042    2,472,355 
QCR Holdings, Inc.   2,657    84,333 
Raiffeisen Bank International AG (I)   27,857    424,015 
Regions Financial Corp.   363,452    3,587,271 
Renasant Corp.   8,416    283,030 
Republic Bancorp, Inc., Class A   2,097    65,175 
Resona Holdings, Inc.   532,032    2,237,514 
Royal Bank of Scotland Group PLC (I)   848,485    1,964,299 
S&T Bancorp, Inc.   7,042    204,148 
Sandy Spring Bancorp, Inc.   4,879    149,200 
Seacoast Banking Corp. of Florida (I)   6,394    102,879 
ServisFirst Bancshares, Inc.   4,626    240,136 
Seven Bank, Ltd.   145,640    466,469 
Shinsei Bank, Ltd.   425,663    645,486 
Shore Bancshares, Inc.   3,666    43,185 
Sierra Bancorp   2,658    49,864 
Signature Bank (I)   24,292    2,877,387 
Simmons First National Corp., Class A   6,042    301,496 
Skandinaviska Enskilda Banken AB, Series A   366,103    3,679,856 
Societe Generale SA   184,882    6,395,849 
South State Corp.   4,840    363,194 
Southern National Bancorp of Virginia, Inc.   3,486    45,492 
Southside Bancshares, Inc.   5,043    162,284 
Southwest Bancorp, Inc.   4,100    77,859 
Standard Chartered PLC   790,800    6,435,335 
State Bank Financial Corp.   7,279    166,107 
Sterling Bancorp   25,754    450,695 
Stock Yards Bancorp, Inc.   4,471    147,364 
Stonegate Bank   2,784    93,960 
Suffolk Bancorp   2,451    85,221 
Sumitomo Mitsui Financial Group, Inc.   323,709    10,934,761 
Sumitomo Mitsui Trust Holdings, Inc.   79,975    2,612,920 
Sun Bancorp, Inc.   2,103    48,495 
SunTrust Banks, Inc.   143,753    6,296,381 
Suruga Bank, Ltd.   41,703    999,605 
SVB Financial Group (I)   23,612    2,610,070 
Svenska Handelsbanken AB, A Shares   365,068    5,018,244 
Swedbank AB, A Shares   218,227    5,127,591 
Synovus Financial Corp.   55,664    1,810,750 
TCF Financial Corp.   77,964    1,131,258 
Texas Capital Bancshares, Inc. (I)   9,446    518,774 
The Bancorp, Inc. (I)   8,114    52,092 
The Bank of Kyoto, Ltd.   72,070    527,540 
The Chiba Bank, Ltd.   168,204    955,264 
The Chugoku Bank, Ltd.   41,112    501,491 
The First of Long Island Corp.   3,186    105,616 
The Hachijuni Bank, Ltd.   98,738    514,243 
The Hiroshima Bank, Ltd.   120,000    497,758 
The Iyo Bank, Ltd.   56,559    342,497 
The Joyo Bank, Ltd.   147,944    525,219 
The PNC Financial Services Group, Inc.   140,832    12,687,555 
The Shizuoka Bank, Ltd.   127,908    1,024,798 
Tompkins Financial Corp.   2,876    219,755 
Towne Bank   11,101    266,757 
TriCo Bancshares   4,315    115,513 
TriState Capital Holdings, Inc. (I)   4,595    74,209 
Triumph Bancorp, Inc. (I)   3,569    70,809 
Trustmark Corp.   44,477    1,225,786 

 

Strategic Equity Allocation Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
           
COMMON STOCKS (continued)          
Banks (continued)          
U.S. Bancorp   465,465   $19,963,794 
UMB Financial Corp.   9,112    541,708 
Umpqua Holdings Corp.   145,336    2,187,307 
UniCredit SpA   1,268,351    2,956,413 
Union Bankshares Corp.   8,743    234,050 
Unione di Banche Italiane SpA (L)   211,242    486,864 
United Bankshares, Inc. (L)   13,234    498,525 
United Community Banks, Inc.   14,588    306,640 
United Overseas Bank, Ltd.   312,339    4,333,326 
Univest Corp. of Pennsylvania   5,300    123,808 
Valley National Bancorp   165,207    1,607,464 
Veritex Holdings, Inc. (I)   2,420    42,084 
Washington Trust Bancorp, Inc.   3,119    125,446 
WashingtonFirst Bankshare, Inc.   2,142    52,715 
Webster Financial Corp.   60,241    2,289,760 
Wells Fargo & Company   1,307,182    57,882,019 
WesBanco, Inc.   8,089    265,966 
West Bancorporation, Inc.   3,612    70,795 
WestAmerica Bancorporation (L)   4,903    249,465 
Westpac Banking Corp.   803,652    18,284,814 
Wintrust Financial Corp.   10,396    577,706 
Xenith Bankshares, Inc. (I)   18,623    43,019 
Yadkin Financial Corp.   9,972    262,164 
Yamaguchi Financial Group, Inc.   48,133    513,061 
Zions Bancorporation   59,259    1,838,214 
         695,342,294 
Capital markets - 2.4%          
3i Group PLC   234,414    1,976,440 
Aberdeen Asset Management PLC   222,363    938,559 
Affiliated Managers Group, Inc. (I)   15,448    2,235,326 
Ameriprise Financial, Inc.   47,585    4,747,555 
Arlington Asset Investment Corp., Class A (L)   4,800    70,992 
Associated Capital Group, Inc., Class A   1,118    39,644 
ASX, Ltd.   46,631    1,727,601 
BGC Partners, Inc., Class A   44,875    392,656 
BlackRock, Inc.   35,206    12,760,767 
Calamos Asset Management, Inc., Class A   4,496    30,663 
CBOE Holdings, Inc.   36,800    2,386,480 
CME Group, Inc.   97,101    10,148,997 
Cohen & Steers, Inc.   4,300    183,825 
Cowen Group, Inc., Class A (I) (L)   22,266    80,826 
Credit Suisse Group AG (I)   448,038    5,888,395 
Daiwa Securities Group, Inc.   400,508    2,254,983 
Deutsche Bank AG (I)   332,349    4,331,582 
Deutsche Boerse AG   47,913    3,741,719 
Diamond Hill Investment Group, Inc.   638    117,896 
E*TRADE Financial Corp. (I)   79,994    2,329,425 
Eaton Vance Corp.   51,698    2,018,807 
Evercore Partners, Inc., Class A   7,971    410,586 
FactSet Research Systems, Inc.   18,451    2,990,907 
Federated Investors, Inc., Class B   42,492    1,259,038 
Financial Engines, Inc.   11,043    328,088 
Franklin Resources, Inc.   99,730    3,547,396 
GAIN Capital Holdings, Inc.   8,223    50,818 
GAMCO Investors, Inc., Class A   1,083    30,833 
Greenhill & Company, Inc.   5,832    137,460 
Hargreaves Lansdown PLC   62,796    1,034,015 
Hong Kong Exchanges & Clearing, Ltd.   278,671    7,375,121 
Houlihan Lokey, Inc.   2,661    66,658 
ICAP PLC   133,485    803,887 
Intercontinental Exchange, Inc.   34,144    9,197,028 
INTL. FCStone, Inc. (I)   3,211    124,747 
Invesco, Ltd.   119,722    3,743,707 

 

The accompanying notes are an integral part of the financial statements.  
231

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Capital markets (continued)          
Investec PLC   148,776   $906,902 
Investment Technology Group, Inc.   6,814    116,792 
Janus Capital Group, Inc.   94,081    1,318,075 
Japan Exchange Group, Inc.   125,700    1,965,453 
Julius Baer Group, Ltd. (I)   53,925    2,198,089 
KCG Holdings, Inc., Class A (I)   10,530    163,531 
Ladenburg Thalmann
Financial Services, Inc. (I)		   21,872    50,524 
Legg Mason, Inc.   23,949    801,813 
London Stock Exchange Group PLC   75,590    2,739,186 
Macquarie Group, Ltd.   73,771    4,665,606 
MarketAxess Holdings, Inc.   17,121    2,835,066 
Moelis & Company, Class A   3,924    105,516 
Moody’s Corp.   48,497    5,251,255 
Morgan Stanley   423,810    13,587,349 
MSCI, Inc.   42,936    3,604,048 
Nasdaq, Inc.   32,925    2,223,755 
Nomura Holdings, Inc.   874,913    3,920,954 
Northern Trust Corp.   61,507    4,181,861 
OM Asset Management PLC   8,185    113,853 
Oppenheimer Holdings, Inc., Class A   2,541    36,311 
Partners Group Holding AG   4,183    2,113,401 
Piper Jaffray Companies (I)   3,153    152,290 
PJT Partners, Inc., Class A   3,693    100,708 
Platinum Asset Management, Ltd.   59,639    230,786 
Pzena Investment Management, Inc., Class A   3,823    29,437 
Raymond James Financial, Inc.   57,058    3,321,346 
S&P Global, Inc.   75,906    9,606,663 
Safeguard Scientifics, Inc. (I)   4,953    64,191 
SBI Holdings, Inc.   51,990    620,990 
Schroders PLC   32,698    1,141,855 
SEI Investments Company   61,479    2,804,057 
Singapore Exchange, Ltd.   193,148    1,053,520 
State Street Corp.   105,610    7,353,624 
Stifel Financial Corp. (I)   43,416    1,669,345 
T. Rowe Price Group, Inc.   71,188    4,734,002 
The Bank of New York Mellon Corp.   308,950    12,320,926 
The Charles Schwab Corp.   345,026    10,892,471 
The Goldman Sachs Group, Inc.   108,576    17,510,052 
UBS Group AG   881,235    12,038,071 
Virtu Financial, Inc., Class A   5,343    79,985 
Virtus Investment Partners, Inc.   1,307    127,903 
Waddell & Reed Financial, Inc., Class A   53,473    971,070 
Westwood Holdings Group, Inc.   1,601    85,029 
WisdomTree Investments, Inc. (L)   75,418    776,051 
         230,087,139 
Consumer finance - 0.5%          
Acom Company, Ltd. (I)   98,310    463,485 
AEON Financial Service Company, Ltd.   27,053    473,540 
American Express Company   223,626    14,321,009 
Capital One Financial Corp.   143,913    10,337,271 
Credit Saison Company, Ltd.   35,403    587,770 
Discover Financial Services   114,601    6,480,687 
Encore Capital Group, Inc. (I) (L)   4,967    111,658 
Enova International, Inc. (I)   5,777    55,921 
EZCORP, Inc., Class A (I)   10,564    116,838 
FirstCash, Inc.   9,697    456,535 
Green Dot Corp., Class A (I)   8,648    199,423 
LendingClub Corp. (I) (L)   67,451    416,847 
Navient Corp.   94,984    1,374,418 
Nelnet, Inc., Class A   4,103    165,638 
PRA Group, Inc. (I)   9,500    328,130 
Provident Financial PLC   35,564    1,396,430 

 

Strategic Equity Allocation Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Consumer finance (continued)          
Regional Management Corp. (I)   2,327   $50,380 
SLM Corp. (I)   195,050    1,457,024 
Synchrony Financial   228,308    6,392,624 
World Acceptance Corp. (I) (L)   1,282    62,869 
         45,248,497 
Diversified financial services - 1.1%          
AMP, Ltd.   712,429    2,896,288 
Berkshire Hathaway, Inc., Class B (I)   546,619    78,970,047 
Challenger, Ltd.   137,526    1,076,927 
Eurazeo SA   9,916    575,260 
EXOR SpA   26,676    1,080,147 
First Pacific Company, Ltd.   535,340    382,387 
FNFV Group (I)   13,611    169,865 
Groupe Bruxelles Lambert SA   19,434    1,725,016 
Industrivarden AB, C Shares   39,001    721,873 
Investor AB, B Shares   109,815    4,015,352 
Kinnevik AB, B Shares   56,785    1,448,225 
Leucadia National Corp.   96,867    1,844,348 
Marlin Business Services Corp.   2,066    40,039 
Mitsubishi UFJ Lease &          
Finance Company, Ltd.   106,170    487,206 
NewStar Financial, Inc. (I)   5,014    48,686 
On Deck Capital, Inc. (I)   10,432    59,462 
ORIX Corp.   319,047    4,706,788 
Pargesa Holding SA   8,266    566,345 
PICO Holdings, Inc. (I)   5,340    62,959 
Wendel SA   6,932    808,956 
         101,686,176 
Insurance - 3.5%          
Admiral Group PLC   50,950    1,352,267 
Aegon NV   439,758    1,677,422 
Aflac, Inc.   118,754    8,534,850 
Ageas   46,973    1,717,491 
AIA Group, Ltd.   2,903,135    19,522,832 
Alleghany Corp. (I)   6,998    3,674,090 
Allianz SE   110,121    16,365,089 
Ambac Financial Group, Inc. (I)   9,129    167,882 
American Equity Investment Life          
Holding Company   16,444    291,552 
American Financial Group, Inc.   33,115    2,483,625 
American International Group, Inc.   292,370    17,349,236 
AMERISAFE, Inc.   3,814    224,187 
Aon PLC   75,992    8,548,340 
Argo Group International Holdings, Ltd.   5,624    317,306 
Arthur J. Gallagher & Company   50,786    2,583,484 
Aspen Insurance Holdings, Ltd.   27,219    1,268,133 
Assicurazioni Generali SpA   281,859    3,439,787 
Assurant, Inc.   17,778    1,640,021 
Atlas Financial Holdings, Inc. (I)   2,623    41,365 
Aviva PLC   977,774    5,579,249 
AXA SA   468,073    9,952,239 
Baldwin & Lyons, Inc., Class B   2,177    55,797 
Baloise Holding AG   12,052    1,459,278 
Blue Capital Reinsurance Holdings, Ltd.   1,756    32,170 
Brown & Brown, Inc.   52,037    1,962,315 
Chubb, Ltd.   133,234    16,740,852 
Cincinnati Financial Corp.   42,412    3,198,713 
Citizens, Inc. (I) (L)   10,262    96,052 
CNO Financial Group, Inc.   115,423    1,762,509 
CNP Assurances   41,365    694,969 
Crawford & Company, Class B   2,775    31,496 
Direct Line Insurance Group PLC   331,341    1,565,165 

 

The accompanying notes are an integral part of the financial statements. 
232

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Insurance (continued)          
Donegal Group, Inc., Class A   2,164   $34,862 
eHealth, Inc. (I)   3,853    43,192 
EMC Insurance Group, Inc.   1,794    48,312 
Employers Holdings, Inc.   6,495    193,746 
Endurance Specialty Holdings, Ltd.   29,118    1,905,773 
Enstar Group, Ltd. (I)   2,230    366,768 
Everest Re Group, Ltd.   19,016    3,612,470 
FBL Financial Group, Inc., Class A   1,992    127,428 
Federated National Holding Company   2,761    51,603 
Fidelity & Guaranty Life (L)   2,350    54,497 
First American Financial Corp.   49,943    1,961,761 
Genworth Financial, Inc., Class A (I)   330,397    1,638,769 
Gjensidige Forsikring ASA   48,167    900,879 
Global Indemnity PLC (I)   1,747    51,886 
Greenlight Capital Re, Ltd., Class A (I)   6,203    126,789 
Hallmark Financial Services, Inc. (I)   3,374    34,718 
Hannover Rueck SE   14,551    1,559,798 
HCI Group, Inc.   1,845    56,014 
Heritage Insurance Holdings, Inc.   5,704    82,195 
Horace Mann Educators Corp.   8,266    302,949 
Independence Holding Company   1,989    34,171 
Infinity Property & Casualty Corp.   2,165    178,894 
Insurance Australia Group, Ltd.   585,636    2,466,390 
Investors Title Company   388    38,606 
James River Group Holdings, Ltd.   2,836    102,663 
Japan Post Holdings Company, Ltd.   108,400    1,362,721 
Kemper Corp.   30,030    1,180,780 
Legal & General Group PLC   1,433,466    4,062,472 
Lincoln National Corp.   68,613    3,223,439 
Loews Corp.   82,152    3,380,555 
Maiden Holdings, Ltd.   12,064    153,092 
Mapfre SA   256,015    716,284 
Marsh & McLennan Companies, Inc.   149,513    10,054,749 
MBIA, Inc. (I)   26,856    209,208 
Medibank PVT., Ltd.   663,393    1,263,753 
Mercury General Corp.   16,622    911,717 
MetLife, Inc.   315,179    14,003,403 
MS&AD Insurance Group Holdings, Inc.   122,051    3,401,708 
Muenchener Rueckversicherungs-Gesellschaft
AG in Muenchen		   38,816    7,249,501 
National General Holdings Corp.   9,880    219,731 
National Interstate Corp.   1,590    51,723 
National Western Life Group, Inc., Class A   483    99,194 
NN Group NV   76,346    2,343,853 
Old Mutual PLC   1,187,576    3,112,908 
Old Republic International Corp.   111,133    1,958,163 
OneBeacon Insurance Group, Ltd., Class A   4,509    64,389 
Poste Italiane SpA (S)   125,818    863,232 
Primerica, Inc. (L)   30,617    1,623,620 
Principal Financial Group, Inc.   77,356    3,984,608 
Prudential Financial, Inc.   126,820    10,354,853 
Prudential PLC   619,906    10,988,858 
QBE Insurance Group, Ltd.   330,341    2,363,757 
Reinsurance Group of America, Inc.   29,055    3,136,197 
RenaissanceRe Holdings, Ltd.   18,705    2,247,593 
RLI Corp.   7,626    521,313 
RSA Insurance Group PLC   245,502    1,733,879 
Safety Insurance Group, Inc.   2,872    193,056 
Sampo OYJ, A Shares   107,732    4,786,256 
SCOR SE   39,337    1,223,301 
Selective Insurance Group, Inc.   11,576    461,419 
Sompo Japan Nipponkoa Holdings, Inc.   85,091    2,521,876 
Sony Financial Holdings, Inc.   41,916    577,255 

 

Strategic Equity Allocation Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Insurance (continued)          
St. James’s Place PLC   126,898   $1,557,681 
Standard Life PLC   476,003    2,120,526 
State Auto Financial Corp.   3,096    73,716 
State National Companies, Inc.   6,611    73,514 
Stewart Information Services Corp.   4,605    204,692 
Suncorp Group, Ltd.   309,872    2,890,914 
Swiss Life Holding AG (I)   7,731    2,004,822 
Swiss Re AG   80,388    7,260,514 
T&D Holdings, Inc.   139,625    1,575,123 
The Allstate Corp.   107,383    7,428,756 
The Dai-ichi Life Insurance Company, Ltd.   259,837    3,564,835 
The Hanover Insurance Group, Inc.   19,308    1,456,209 
The Hartford Financial Services Group, Inc.   112,866    4,832,922 
The Navigators Group, Inc.   2,283    221,268 
The Progressive Corp.   167,211    5,267,147 
The Travelers Companies, Inc.   82,013    9,394,589 
Third Point Reinsurance, Ltd. (I)   13,401    160,812 
Tokio Marine Holdings, Inc.   164,285    6,300,327 
Torchmark Corp.   32,207    2,057,705 
Trupanion, Inc. (I) (L)   3,184    53,810 
Tryg A/S   27,416    550,864 
UnipolSai SpA   277,499    451,827 
United Fire Group, Inc.   4,343    183,796 
United Insurance Holdings Corp.   3,700    62,826 
Universal Insurance Holdings, Inc. (L)   6,654    167,681 
Unum Group   68,273    2,410,720 
W.R. Berkley Corp.   44,706    2,582,219 
Willis Towers Watson PLC   37,584    4,990,028 
WMIH Corp. (I) (L)   42,873    100,323 
XL Group, Ltd.   81,660    2,746,226 
Zurich Insurance Group AG (I)   36,259    9,350,978 
         339,006,682 
Mortgage real estate investment trusts - 0.0%          
AG Mortgage Investment Trust, Inc.   6,121    96,406 
Altisource Residential Corp.   11,098    120,968 
Anworth Mortgage Asset Corp.   20,492    100,821 
Apollo Commercial Real Estate Finance, Inc.   13,790    225,742 
Ares Commercial Real Estate Corp.   6,079    76,595 
ARMOUR Residential REIT, Inc.   7,254    163,505 
Capstead Mortgage Corp.   18,030    170,023 
Colony Capital, Inc., Class A   22,905    417,558 
CYS Investments, Inc.   28,878    251,816 
Dynex Capital, Inc.   10,642    78,964 
Great Ajax Corp.   3,544    48,376 
Hannon Armstrong Sustainable
Infrastructure Capital, Inc.		   8,300    193,971 
Invesco Mortgage Capital, Inc.   22,959    349,666 
iStar, Inc. (I)   14,905    159,931 
Ladder Capital Corp.   7,812    103,431 
MTGE Investment Corp.   9,431    162,119 
New Residential Investment Corp.   45,012    621,616 
New York Mortgage Trust, Inc.   22,718    136,762 
Orchid Island Capital, Inc.   4,422    46,077 
PennyMac Mortgage Investment Trust   13,786    214,786 
Redwood Trust, Inc.   15,676    221,972 
Resource Capital Corp.   6,384    81,779 
United Development Funding IV (L)   7,218    23,098 
Western Asset Mortgage Capital Corp.   8,529    88,872 
         4,154,854 
Thrifts and mortgage finance - 0.1%          
Astoria Financial Corp.   18,615    271,779 
Bank Mutual Corp.   9,810    75,341 

 

The accompanying notes are an integral part of the financial statements. 
233

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Thrifts and mortgage finance (continued)          
BankFinancial Corp.   4,282   $54,381 
Beneficial Bancorp, Inc. (I)   14,534    213,795 
BofI Holding, Inc. (I) (L)   12,222    273,773 
BSB Bancorp, Inc. (I)   1,887    44,212 
Capitol Federal Financial, Inc.   25,184    354,339 
Charter Financial Corp.   3,604    46,420 
Clifton Bancorp, Inc.   5,227    79,921 
Dime Community Bancshares, Inc.   6,762    113,331 
ESSA Bancorp, Inc.   2,715    37,548 
Essent Group, Ltd. (I)   15,181    403,966 
EverBank Financial Corp.   20,893    404,488 
Federal Agricultural Mortgage Corp., Class C   1,801    71,140 
First Defiance Financial Corp.   1,910    85,262 
Flagstar Bancorp, Inc. (I)   4,284    118,881 
Home Bancorp, Inc.   1,809    50,652 
HomeStreet, Inc. (I)   4,858    121,741 
Impac Mortgage Holdings, Inc. (I)   1,840    24,270 
Kearny Financial Corp.   18,616    253,364 
Lake Sunapee Bank Group (L)   2,056    37,152 
LendingTree, Inc. (I)   1,284    124,432 
Meridian Bancorp, Inc.   10,262    159,779 
Meta Financial Group, Inc.   1,711    103,704 
MGIC Investment Corp. (I)   69,806    558,448 
Nationstar Mortgage Holdings, Inc. (I) (L)   7,067    104,662 
New York Community Bancorp, Inc.   220,588    3,138,967 
NMI Holdings, Inc., Class A (I)   10,670    81,305 
Northfield Bancorp, Inc.   8,959    144,240 
Northwest Bancshares, Inc.   18,719    294,075 
OceanFirst Financial Corp.   4,280    82,433 
Ocwen Financial Corp. (I)   21,490    78,868 
Oritani Financial Corp.   8,116    127,584 
PennyMac Financial Services, Inc., Class A (I)   3,199    54,415 
PHH Corp. (I)   10,932    157,967 
Provident Financial Holdings, Inc.   1,942    37,986 
Provident Financial Services, Inc.   12,298    261,087 
Radian Group, Inc.   43,973    595,834 
Southern Missouri Bancorp, Inc.   1,858    46,264 
Territorial Bancorp, Inc.   2,134    61,160 
TrustCo Bank Corp.   18,820    133,434 
United Community Financial Corp.   10,498    74,641 
United Financial Bancorp, Inc.   10,846    150,109 
Walker & Dunlop, Inc. (I)   5,621    141,986 
Washington Federal, Inc.   58,687    1,565,769 
Waterstone Financial, Inc.   5,177    87,957 
WSFS Financial Corp.   5,915    215,838 
         11,718,700 
         1,427,244,342 
Health care - 12.8%          
Biotechnology - 2.2%          
AbbVie, Inc.   469,291    29,598,183 
Acceleron Pharma, Inc. (I)   5,709    206,609 
Achillion Pharmaceuticals, Inc. (I)   24,299    196,822 
Acorda Therapeutics, Inc. (I)   8,895    185,728 
Actelion, Ltd. (I)   24,750    4,294,965 
Adamas Pharmaceuticals, Inc. (I)   3,839    62,998 
Aduro Biotech, Inc. (I) (L)   7,545    93,784 
Advaxis, Inc. (I) (L)   7,070    75,578 
Agenus, Inc. (I)   15,449    110,924 
Aimmune Therapeutics, Inc. (I) (L)   5,585    83,775 
Akebia Therapeutics, Inc. (I)   7,768    70,300 
Alder Biopharmaceuticals, Inc. (I) (L)   9,650    316,231 
Alexion Pharmaceuticals, Inc. (I)   64,258    7,874,175 

 

Strategic Equity Allocation Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Biotechnology (continued)          
AMAG Pharmaceuticals, Inc. (I)   7,187   $176,153 
Amgen, Inc.   215,488    35,945,553 
Amicus Therapeutics, Inc. (I)   26,555    196,507 
Applied Genetic Technologies Corp. (I)   3,090    30,220 
Ardelyx, Inc. (I) (L)   5,063    65,515 
Arena Pharmaceuticals, Inc. (I)   51,423    89,990 
ARIAD Pharmaceuticals, Inc. (I)   36,337    497,454 
Array BioPharma, Inc. (I) (L)   30,760    207,630 
Arrowhead Pharmaceuticals, Inc. (I) (L)   12,971    95,337 
Atara Biotherapeutics, Inc. (I)   4,920    105,239 
Athersys, Inc. (I) (L)   18,373    39,134 
Avexis, Inc. (I)   1,067    43,971 
Axovant Sciences, Ltd. (I) (L)   5,159    72,226 
Bellicum Pharmaceuticals, Inc. (I) (L)   4,500    89,550 
BioCryst Pharmaceuticals, Inc. (I) (L)   15,994    70,534 
Biogen, Inc. (I)   62,837    19,669,866 
BioSpecifics Technologies Corp. (I)   1,228    56,083 
BioTime, Inc. (I) (L)   16,383    63,894 
Bluebird Bio, Inc. (I)   7,622    516,619 
Blueprint Medicines Corp. (I)   4,210    125,037 
Celgene Corp. (I)   224,191    23,434,685 
Celldex Therapeutics, Inc. (I) (L)   21,007    84,868 
Cellular Biomedicine Group, Inc. (I)   2,673    38,759 
Cepheid, Inc. (I)   14,926    786,451 
Chimerix, Inc. (I)   9,446    52,331 
Cidara Therapeutics, Inc. (I)   2,700    30,915 
Clovis Oncology, Inc. (I) (L)   6,634    239,156 
Coherus Biosciences, Inc. (I)   6,110    163,626 
Concert Pharmaceuticals, Inc. (I)   4,027    40,713 
CSL, Ltd.   110,218    9,063,280 
Curis, Inc. (I)   25,597    66,808 
Cytokinetics, Inc. (I) (L)   7,304    67,051 
CytomX Therapeutics, Inc. (I)   4,513    70,764 
Dyax Corp. (I)   30,138    73,838 
Dynavax Technologies Corp. (I) (L)   8,146    85,452 
Eagle Pharmaceuticals, Inc. (I) (L)   1,867    130,690 
Edge Therapeutics, Inc. (I)   3,538    36,831 
Emergent BioSolutions, Inc. (I)   6,682    210,683 
Enanta Pharmaceuticals, Inc. (I) (L)   3,274    87,121 
Epizyme, Inc. (I)   8,882    87,399 
Esperion Therapeutics, Inc. (I) (L)   3,379    46,799 
Exact Sciences Corp. (I) (L)   19,887    369,302 
Exelixis, Inc. (I)   46,611    596,155 
FibroGen, Inc. (I)   10,925    226,148 
Five Prime Therapeutics, Inc. (I)   5,554    291,529 
Flexion Therapeutics, Inc. (I)   4,927    96,274 
Foundation Medicine, Inc. (I) (L)   2,840    66,314 
Genmab A/S (I)   13,696    2,344,108 
Genomic Health, Inc. (I)   3,892    112,557 
Geron Corp. (I) (L)   32,231    72,842 
Gilead Sciences, Inc.   379,333    30,012,827 
Global Blood Therapeutics, Inc. (I) (L)   3,568    82,242 
Grifols SA   71,872    1,549,216 
Halozyme Therapeutics, Inc. (I) (L)   22,754    274,868 
Heron Therapeutics, Inc. (I) (L)   6,640    114,407 
Idera Pharmaceuticals, Inc. (I) (L)   20,885    53,466 
Ignyta, Inc. (I)   6,595    41,483 
ImmunoGen, Inc. (I) (L)   17,954    48,117 
Immunomedics, Inc. (I) (L)   18,562    60,327 
Inotek Pharmaceuticals Corp. (I) (L)   4,078    38,659 
Inovio Pharmaceuticals, Inc. (I) (L)   13,786    128,486 
Insmed, Inc. (I)   13,070    189,776 
Insys Therapeutics, Inc. (I) (L)   5,077    59,858 

 

The accompanying notes are an integral part of the financial statements. 
234

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Biotechnology (continued)          
Intellia Therapeutics, Inc. (I) (L)   1,554   $26,449 
Invitae Corp. (I) (L)   4,997    43,774 
Ironwood Pharmaceuticals, Inc. (I)   26,834    426,124 
Karyopharm Therapeutics, Inc. (I)   5,210    50,693 
Keryx Biopharmaceuticals, Inc. (I) (L)   16,420    87,190 
Kite Pharma, Inc. (I) (L)   8,064    450,455 
La Jolla Pharmaceutical Co. (I)   3,149    74,915 
Lexicon Pharmaceuticals, Inc. (I) (L)   8,898    160,787 
Ligand Pharmaceuticals, Inc. (I) (L)   3,895    397,524 
Lion Biotechnologies, Inc. (I)   11,300    92,999 
Loxo Oncology, Inc. (I)   2,808    73,513 
MacroGenics, Inc. (I)   6,614    197,825 
MannKind Corp. (I) (L)   70,963    43,997 
Medgenics, Inc. (I)   6,178    34,411 
MediciNova, Inc. (I) (L)   6,321    47,344 
Merrimack Pharmaceuticals, Inc. (I) (L)   25,342    160,922 
MiMedx Group, Inc. (I) (L)   21,214    182,016 
Minerva Neurosciences, Inc. (I)   4,106    57,956 
Momenta Pharmaceuticals, Inc. (I)   13,576    158,703 
Myriad Genetics, Inc. (I)   13,825    284,519 
NantKwest, Inc. (I) (L)   3,958    30,793 
Natera, Inc. (I) (L)   5,746    63,838 
NewLink Genetics Corp. (I)   4,921    73,913 
Novavax, Inc. (I) (L)   55,538    115,519 
Oncocyte Corp. (I)   849    4,279 
OncoMed Pharmaceuticals, Inc. (I)   4,099    46,852 
Ophthotech Corp. (I)   6,285    289,927 
Organovo Holdings, Inc. (I) (L)   18,369    69,619 
Otonomy, Inc. (I)   5,167    93,988 
OvaScience, Inc. (I)   6,884    49,289 
PDL BioPharma, Inc.   34,165    114,453 
Pfenex, Inc. (I)   4,383    39,228 
PharmAthene, Inc. (I)   14,602    42,346 
Portola Pharmaceuticals, Inc. (I)   10,241    232,573 
Progenics Pharmaceuticals, Inc. (I)   14,783    93,576 
Prothena Corp. PLC (I) (L)   7,126    427,346 
PTC Therapeutics, Inc. (I) (L)   7,188    100,704 
Puma Biotechnology, Inc. (I)   5,072    340,078 
Radius Health, Inc. (I)   6,498    351,477 
Raptor Pharmaceutical Corp. (I)   18,076    162,142 
Regeneron Pharmaceuticals, Inc. (I)   21,763    8,749,161 
REGENXBIO, Inc. (I)   4,450    62,345 
Repligen Corp. (I)   6,953    209,911 
Retrophin, Inc. (I)   7,562    169,238 
Rigel Pharmaceuticals, Inc. (I)   20,832    76,453 
Sage Therapeutics, Inc. (I)   5,490    252,815 
Sangamo BioSciences, Inc. (I)   15,538    71,941 
Sarepta Therapeutics, Inc. (I)   8,796    540,162 
Seres Therapeutics, Inc. (I) (L)   4,259    52,343 
Shire PLC   216,500    13,999,567 
Sorrento Therapeutics, Inc. (I) (L)   6,253    48,398 
Spark Therapeutics, Inc. (I) (L)   3,947    237,057 
Spectrum Pharmaceuticals, Inc. (I)   14,700    68,649 
Stemline Therapeutics, Inc. (I)   3,992    43,233 
Synergy Pharmaceuticals, Inc. (I) (L)   37,723    207,854 
TESARO, Inc. (I) (L)   5,487    550,017 
TG Therapeutics, Inc. (I) (L)   7,944    61,487 
Trevena, Inc. (I)   9,542    64,409 
Trius Therapeutics, Inc. (I) (L)   10,492    1,154 
TrovaGene, Inc. (I)   6,392    28,700 
Ultragenyx Pharmaceutical, Inc. (I)   7,400    524,956 
United Therapeutics Corp. (I)   19,713    2,327,711 
Vanda Pharmaceuticals, Inc. (I)   7,715    128,378 

 

Strategic Equity Allocation Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Biotechnology (continued)          
Versartis, Inc. (I) (L)   5,945   $72,826 
Vertex Pharmaceuticals, Inc. (I)   70,946    6,187,201 
Vitae Pharmaceuticals, Inc. (I)   5,879    122,989 
Vital Therapies, Inc. (I)   5,764    35,276 
Voyager Therapeutics, Inc. (I)   2,825    33,928 
XBiotech, Inc. (I)   3,636    48,941 
Xencor, Inc. (I)   6,669    163,324 
ZIOPHARM Oncology, Inc. (I) (L)   25,290    142,383 
         214,130,628 
Health care equipment and supplies - 2.3%          
Abaxis, Inc.   4,503    232,445 
Abbott Laboratories   421,422    17,821,936 
ABIOMED, Inc. (I)   18,156    2,334,498 
Accuray, Inc. (I)   17,297    110,182 
Align Technology, Inc. (I)   34,138    3,200,438 
Analogic Corp.   2,529    224,069 
AngioDynamics, Inc. (I)   5,723    100,381 
Anika Therapeutics, Inc. (I)   2,907    139,100 
AtriCure, Inc. (I)   6,756    106,880 
Atrion Corp.   276    117,742 
Axogen, Inc. (I)   5,638    50,911 
Baxter International, Inc.   141,470    6,733,972 
Becton, Dickinson and Company   60,862    10,938,727 
Boston Scientific Corp. (I)   389,222    9,263,484 
C.R. Bard, Inc.   21,032    4,717,057 
Cantel Medical Corp.   7,315    570,424 
Cardiovascular Systems, Inc. (I)   6,651    157,895 
Cerus Corp. (I) (L)   21,263    132,043 
Cochlear, Ltd.   13,774    1,493,004 
Coloplast A/S   28,672    2,229,858 
ConforMIS, Inc. (I)   7,750    76,880 
CONMED Corp.   5,710    228,743 
CryoLife, Inc.   6,649    116,823 
Cutera, Inc. (I)   3,250    38,740 
CYBERDYNE, Inc. (I) (L)   25,100    393,110 
Cynosure, Inc., Class A (I)   4,846    246,855 
Danaher Corp.   175,588    13,764,343 
DENTSPLY SIRONA, Inc.   67,189    3,993,042 
Edwards Lifesciences Corp. (I)   60,745    7,323,417 
Endologix, Inc. (I) (L)   16,677    213,466 
Entellus Medical, Inc. (I)   1,749    38,793 
Essilor International SA   49,549    6,391,596 
Exactech, Inc. (I)   2,305    62,304 
GenMark Diagnostics, Inc. (I)   8,706    102,731 
Getinge AB, B Shares   48,266    935,685 
Glaukos Corp. (I)   3,462    130,656 
Globus Medical, Inc., Class A (I)   14,335    323,541 
Haemonetics Corp. (I)   10,503    380,314 
Halyard Health, Inc. (I)   30,926    1,071,895 
Hill-Rom Holdings, Inc.   27,018    1,674,576 
Hologic, Inc. (I)   80,471    3,124,689 
Hoya Corp.   97,460    3,920,602 
ICU Medical, Inc. (I)   2,997    378,761 
IDEXX Laboratories, Inc. (I)   40,620    4,579,093 
Inogen, Inc. (I)   3,335    199,767 
Insulet Corp. (I)   11,850    485,139 
Integer Holdings Corp. (I)   6,330    137,298 
Integra LifeSciences Holdings Corp. (I)   6,131    506,114 
Intuitive Surgical, Inc. (I)   11,231    8,140,566 
Invacare Corp.   6,778    75,710 
InVivo Therapeutics Holdings Corp. (I) (L)   7,162    48,702 
K2M Group Holdings, Inc. (I)   5,444    96,794 
LeMaitre Vascular, Inc.   3,051    60,532 

 

The accompanying notes are an integral part of the financial statements. 
235

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Health care equipment and supplies (continued)          
LivaNova PLC (I)   20,026   $1,203,763 
Masimo Corp. (I)   8,337    495,968 
Medtronic PLC   398,347    34,417,181 
Meridian Bioscience, Inc.   8,662    167,090 
Merit Medical Systems, Inc. (I)   8,845    214,845 
Natus Medical, Inc. (I)   6,702    263,322 
Neogen Corp. (I)   7,546    422,123 
Nevro Corp. (I)   4,883    509,736 
Novocure, Ltd. (I) (L)   10,932    93,359 
NuVasive, Inc. (I)   33,913    2,260,641 
NxStage Medical, Inc. (I)   13,091    327,144 
Olympus Corp.   70,202    2,451,548 
OraSure Technologies, Inc. (I)   11,485    91,535 
Orthofix International NV (I)   3,600    153,972 
Oxford Immunotec Global PLC (I) (L)   5,154    64,734 
Penumbra, Inc. (I)   5,209    395,832 
Quidel Corp. (I)   5,647    124,742 
ResMed, Inc.   63,683    4,126,022 
Rockwell Medical, Inc. (I) (L)   10,282    68,889 
RTI Surgical, Inc. (I)   13,362    41,823 
Smith & Nephew PLC   215,605    3,477,357 
Sonova Holding AG   12,845    1,821,371 
St. Jude Medical, Inc.   81,557    6,504,986 
STAAR Surgical Company (I)   8,783    82,560 
STERIS PLC   39,198    2,865,374 
Stryker Corp.   90,106    10,489,239 
Surmodics, Inc. (I)   2,854    85,877 
Sysmex Corp.   37,679    2,795,536 
Tandem Diabetes Care, Inc. (I)   4,498    34,455 
Teleflex, Inc.   19,987    3,358,815 
Terumo Corp.   82,317    3,166,373 
The Cooper Companies, Inc.   14,687    2,632,792 
The Spectranetics Corp. (I)   8,808    220,993 
Utah Medical Products, Inc.   842    50,352 
Varian Medical Systems, Inc. (I)   27,322    2,719,359 
Vascular Solutions, Inc. (I)   3,478    167,744 
West Pharmaceutical Services, Inc.   33,308    2,481,446 
William Demant Holding A/S (I) (L)   28,851    588,774 
Wright Medical Group NV (I)   21,117    518,000 
Zeltiq Aesthetics, Inc. (I) (L)   7,259    284,698 
Zimmer Biomet Holdings, Inc.   57,153    7,431,033 
         219,607,726 
Health care providers and services - 1.9%          
AAC Holdings, Inc. (I) (L)   2,242    38,988 
Aceto Corp.   5,980    113,560 
Addus HomeCare Corp. (I)   1,681    43,975 
Adeptus Health, Inc., Class A (I) (L)   2,850    122,693 
Aetna, Inc.   100,569    11,610,691 
Air Methods Corp. (I)   7,305    230,034 
Alfresa Holdings Corp.   45,300    959,198 
Almost Family, Inc. (I)   1,802    66,260 
Amedisys, Inc. (I)   5,736    272,116 
American Renal Associates Holdings, Inc. (I)   1,926    35,188 
AmerisourceBergen Corp.   52,641    4,252,340 
AMN Healthcare Services, Inc. (I)   9,625    306,749 
Amsurg Corp. (I)   24,957    1,673,367 
Anthem, Inc.   75,416    9,450,379 
BioScrip, Inc. (I) (L)   24,639    71,207 
BioTelemetry, Inc. (I)   5,606    104,103 
Capital Senior Living Corp. (I)   5,856    98,381 
Cardinal Health, Inc.   90,642    7,042,883 
Centene Corp. (I)   48,907    3,274,813 
Chemed Corp.   3,275    462,004 

 

Strategic Equity Allocation Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Health care providers and services (continued)          
Cigna Corp.   73,590   $9,590,249 
Civitas Solutions, Inc. (I)   3,226    58,907 
Community Health Systems, Inc. (I) (L)   73,935    853,210 
CorVel Corp. (I)   2,014    77,338 
Cross Country Healthcare, Inc. (I)   6,787    79,951 
DaVita, Inc. (I)   46,797    3,091,878 
Diplomat Pharmacy, Inc. (I) (L)   9,365    262,314 
Express Scripts Holding Company (I)   181,535    12,803,664 
Fresenius Medical Care AG &
Company KGaA		   52,774    4,616,981 
Fresenius SE & Company KGaA   98,661    7,881,190 
HCA Holdings, Inc. (I)   83,594    6,322,214 
HealthEquity, Inc. (I)   8,871    335,767 
Healthscope, Ltd.   415,105    980,466 
HealthSouth Corp.   17,940    727,826 
Healthways, Inc. (I)   6,600    174,636 
Henry Schein, Inc. (I)   23,539    3,836,386 
Humana, Inc.   42,755    7,562,932 
Kindred Healthcare, Inc.   17,410    177,930 
Laboratory Corp. of America Holdings (I)   29,376    4,038,612 
Landauer, Inc.   2,030    90,294 
LHC Group, Inc. (I)   3,063    112,963 
LifePoint Health, Inc. (I)   19,364    1,146,930 
Magellan Health, Inc. (I)   5,052    271,444 
McKesson Corp.   64,546    10,763,046 
Mediclinic International PLC (London
Stock Exchange)		   88,788    1,064,707 
Medipal Holdings Corp.   41,165    713,560 
MEDNAX, Inc. (I)   41,770    2,767,263 
Miraca Holdings, Inc.   13,717    683,978 
Molina Healthcare, Inc. (I)   28,145    1,641,416 
National HealthCare Corp.   2,248    148,346 
Nobilis Health Corp. (I) (L)   11,935    39,982 
Owens & Minor, Inc.   40,679    1,412,782 
Patterson Companies, Inc.   23,877    1,096,909 
PharMerica Corp. (I)   6,023    169,066 
Quest Diagnostics, Inc.   40,584    3,434,624 
Quorum Health Corp. (I)   6,720    42,134 
RadNet, Inc. (I)   8,262    61,139 
Ramsay Health Care, Ltd.   34,057    2,072,325 
Ryman Healthcare, Ltd.   92,418    648,735 
Select Medical Holdings Corp. (I)   21,875    295,313 
Sonic Healthcare, Ltd.   94,940    1,607,721 
Surgery Partners, Inc. (I)   3,864    78,207 
Surgical Care Affiliates, Inc. (I)   5,462    266,327 
Suzuken Company, Ltd.   18,300    604,276 
Team Health Holdings, Inc. (I)   13,841    450,663 
Teladoc, Inc. (I) (L)   4,351    79,667 
Tenet Healthcare Corp. (I)   36,071    817,369 
The Ensign Group, Inc.   9,768    196,630 
The Providence Service Corp. (I)   2,673    129,988 
Triple-S Management Corp., Class B (I)   4,799    105,242 
UnitedHealth Group, Inc.   274,623    38,447,220 
Universal American Corp.   12,264    93,820 
Universal Health Services, Inc., Class B   25,757    3,173,778 
US Physical Therapy, Inc.   2,464    154,493 
VCA, Inc. (I)   36,543    2,557,279 
WellCare Health Plans, Inc. (I)   20,170    2,361,705 
         183,502,721 
Health care technology - 0.1%          
Allscripts Healthcare Solutions, Inc. (I)   85,267    1,122,966 
Castlight Health, Inc., B Shares (I) (L)   8,965    37,294 
Cerner Corp. (I)   86,312    5,329,766 

 

The accompanying notes are an integral part of the financial statements. 
236

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Health care technology (continued)          
Computer Programs & Systems, Inc. (L)   2,198   $57,280 
Cotiviti Holdings, Inc. (I)   2,599    87,144 
Evolent Health, Inc., Class A (I)   3,151    77,578 
HealthStream, Inc. (I)   5,322    146,887 
HMS Holdings Corp. (I)   17,300    383,541 
M3, Inc.   46,843    1,603,457 
Medidata Solutions, Inc. (I)   11,215    625,348 
Omnicell, Inc. (I)   7,189    275,339 
Press Ganey Holdings, Inc. (I)   4,539    183,376 
Quality Systems, Inc.   10,400    117,728 
Vocera Communications, Inc. (I)   5,321    89,925 
         10,137,629 
Life sciences tools and services - 0.5%          
Accelerate Diagnostics, Inc. (I) (L)   4,826    131,557 
Agilent Technologies, Inc.   94,033    4,428,014 
Albany Molecular Research, Inc. (I) (L)   5,531    91,317 
Bio-Rad Laboratories, Inc., Class A (I)   9,372    1,535,227 
Bio-Techne Corp.   16,961    1,857,230 
Cambrex Corp. (I)   6,567    291,969 
Charles River
Laboratories International, Inc. (I)		   21,502    1,791,977 
Enzo Biochem, Inc. (I)   8,789    44,736 
Fluidigm Corp. (I)   6,678    53,491 
Illumina, Inc. (I)   42,228    7,671,138 
INC Research Holdings, Inc., Class A (I)   8,461    377,191 
Lonza Group AG (I)   12,750    2,440,334 
Luminex Corp. (I)   8,166    185,532 
Mettler-Toledo International, Inc. (I)   7,589    3,186,090 
NanoString Technologies, Inc. (I)   3,374    67,413 
NeoGenomics, Inc. (I)   11,109    91,316 
Pacific Biosciences of California, Inc. (I)   15,914    142,589 
PAREXEL International Corp. (I)   34,762    2,414,221 
PerkinElmer, Inc.   31,286    1,755,457 
PRA Health Sciences, Inc. (I)   4,929    278,538 
QIAGEN NV (I)   53,360    1,471,305 
Thermo Fisher Scientific, Inc.   112,887    17,955,806 
Waters Corp. (I)   23,230    3,681,723 
         51,944,171 
Pharmaceuticals - 5.8%          
Aclaris Therapeutics, Inc. (I)   2,284    58,493 
Aerie Pharmaceuticals, Inc. (I)   5,103    192,587 
Akorn, Inc. (I)   39,997    1,090,318 
Allergan PLC (I)   114,328    26,330,882 
Amphastar Pharmaceuticals, Inc. (I)   7,494    142,161 
ANI Pharmaceuticals, Inc. (I)   1,678    111,335 
Aratana Therapeutics, Inc. (I)   7,344    68,740 
Astellas Pharma, Inc.   508,547    7,943,025 
AstraZeneca PLC   304,674    19,728,203 
Bayer AG   199,249    20,010,615 
Bio-Path Holdings, Inc. (I) (L)   19,560    27,384 
Bristol-Myers Squibb Company   482,658    26,024,919 
Carbylan Therapeutics, Inc. (I)   3,240    1,491 
Catalent, Inc. (I)   69,340    1,791,746 
Cempra, Inc. (I) (L)   8,721    211,048 
Chelsea Therapeutics International, Ltd. (I)   19,199    1,536 
Chugai Pharmaceutical Company, Ltd.   53,934    1,949,400 
Corcept Therapeutics, Inc. (I) (L)   15,775    102,538 
Daiichi Sankyo Company, Ltd.   145,211    3,489,188 
Depomed, Inc. (I) (L)   12,641    315,645 
Dermira, Inc. (I)   5,119    173,125 
Durect Corp. (I)   29,228    40,627 
Egalet Corp. (I) (L)   5,218    39,709 

 

Strategic Equity Allocation Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Pharmaceuticals (continued)          
Eisai Company, Ltd.   60,768   $3,800,644 
Eli Lilly & Company   278,616    22,361,720 
Endo International PLC (I)   60,020    1,209,403 
Forest Laboratories, Inc. (I)   4,082    0 
Galenica AG   939    998,553 
GlaxoSmithKline PLC   1,173,656    24,997,140 
Heska Corp. (I)   1,374    74,787 
Hikma Pharmaceuticals PLC   34,609    904,046 
Hisamitsu Pharmaceutical Company, Inc.   14,884    804,478 
Horizon Pharma PLC (I) (L)   33,026    598,761 
Impax Laboratories, Inc. (I)   15,187    359,932 
Innoviva, Inc. (I) (L)   16,976    186,566 
Intersect ENT, Inc. (I)   5,524    87,500 
Intra-Cellular Therapies, Inc. (I)   7,072    107,777 
Johnson & Johnson   787,232    92,995,716 
Kyowa Hakko Kirin Company, Ltd.   62,559    988,135 
Lannett Company, Inc. (I) (L)   5,742    152,565 
Mallinckrodt PLC (I)   31,362    2,188,440 
Merck & Company, Inc.   797,424    49,767,232 
Merck KGaA   31,145    3,359,448 
Mitsubishi Tanabe Pharma Corp.   54,134    1,159,464 
Mylan NV (I)   132,419    5,047,812 
MyoKardia, Inc. (I) (L)   2,466    40,294 
Nektar Therapeutics (I)   26,684    458,431 
Novartis AG   538,021    42,460,776 
Novo Nordisk A/S, Class B   460,658    19,199,621 
Omeros Corp. (I) (L)   7,805    87,104 
Ono Pharmaceutical Company, Ltd.   99,400    2,775,292 
Orion OYJ, Class B   24,594    969,585 
Otsuka Holdings Company, Ltd.   94,115    4,290,010 
Pacira Pharmaceuticals, Inc. (I)   7,536    257,882 
Paratek Pharmaceuticals, Inc. (I)   4,025    52,365 
Perrigo Company PLC   41,080    3,792,916 
Pfizer, Inc.   1,746,701    59,160,763 
Phibro Animal Health Corp., Class A   4,044    109,916 
Prestige Brands Holdings, Inc. (I)   34,968    1,687,905 
Revance Therapeutics, Inc. (I) (L)   4,380    71,000 
Roche Holding AG   169,271    42,063,575 
Sanofi   279,043    21,249,374 
Santen Pharmaceutical Company, Ltd.   89,800    1,326,020 
SciClone Pharmaceuticals, Inc. (I)   10,343    106,016 
Shionogi & Company, Ltd.   71,911    3,684,253 
Sucampo Pharmaceuticals, Inc., Class A (I)   5,178    63,741 
Sumitomo Dainippon Pharma Company, Ltd.   38,992    755,224 
Supernus Pharmaceuticals, Inc. (I)   9,735    240,747 
Taisho Pharmaceutical
Holdings Company, Ltd.		   8,716    893,321 
Takeda Pharmaceutical Company, Ltd.   171,416    8,215,900 
Taro Pharmaceutical Industries, Ltd. (I) (L)   3,500    386,785 
Teligent, Inc. (I) (L)   9,050    68,780 
Tetraphase Pharmaceuticals, Inc. (I)   8,900    34,087 
Teva Pharmaceutical Industries, Ltd.   219,990    10,210,806 
The Medicines Company (I)   13,867    523,341 
TherapeuticsMD, Inc. (I) (L)   31,144    212,091 
Theravance Biopharma, Inc. (I) (L)   7,541    273,286 
UCB SA   30,459    2,357,699 
WaVe Life Sciences, Ltd. (I)   1,680    54,550 
Zoetis, Inc.   142,705    7,422,087 
Zogenix, Inc. (I)   5,680    64,922 
         557,615,299 
         1,236,938,174 

 

The accompanying notes are an integral part of the financial statements. 
237

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Industrials - 11.3%          
Aerospace and defense - 1.7%          
AAR Corp.   6,775   $212,193 
Aerojet Rocketdyne Holdings, Inc. (I)   12,170    213,949 
Aerovironment, Inc. (I)   4,227    103,181 
Airbus Group SE   140,868    8,543,805 
Astronics Corp. (I)   3,983    179,434 
B/E Aerospace, Inc.   46,061    2,379,511 
BAE Systems PLC   764,443    5,193,061 
Cobham PLC   417,166    907,544 
Cubic Corp.   5,127    239,995 
Curtiss-Wright Corp.   29,009    2,643,010 
DigitalGlobe, Inc. (I)   12,923    355,383 
Ducommun, Inc. (I)   2,368    54,085 
Engility Holdings, Inc. (I)   3,732    117,558 
Esterline Technologies Corp. (I)   19,420    1,476,697 
General Dynamics Corp.   82,417    12,787,822 
Huntington Ingalls Industries, Inc.   21,225    3,256,340 
KLX, Inc. (I)   34,882    1,227,846 
Kratos Defense & Security Solutions, Inc. (I)   10,184    70,168 
L-3 Communications Holdings, Inc.   22,075    3,327,365 
Leonardo-Finmeccanica SpA (I)   97,496    1,105,085 
Lockheed Martin Corp.   72,813    17,454,732 
Meggitt PLC   186,788    1,090,226 
Mercury Systems, Inc. (I)   7,893    193,931 
Moog, Inc., Class A (I)   6,535    389,094 
National Presto Industries, Inc. (L)   1,007    88,405 
Northrop Grumman Corp.   51,755    11,072,982 
Orbital ATK, Inc.   26,690    2,034,579 
Raytheon Company   85,175    11,594,873 
Rockwell Collins, Inc.   37,338    3,149,087 
Rolls-Royce Holdings PLC (I)   443,000    4,133,053 
Safran SA   75,364    5,420,333 
Singapore Technologies Engineering, Ltd.   376,452    895,434 
Sparton Corp. (I)   2,045    53,702 
TASER International, Inc. (I)   10,659    304,954 
Teledyne Technologies, Inc. (I)   22,643    2,443,859 
Textron, Inc.   77,121    3,065,560 
Thales SA   25,429    2,341,524 
The Boeing Company   167,068    22,009,538 
The KEYW Holding Corp. (I) (L)   7,598    83,882 
TransDigm Group, Inc.   14,444    4,176,049 
Triumph Group, Inc.   32,702    911,732 
United Technologies Corp.   223,247    22,681,895 
Vectrus, Inc. (I)   2,276    34,663 
Wesco Aircraft Holdings, Inc. (I)   11,546    155,063 
Zodiac Aerospace   48,917    1,190,521 
         161,363,703 
Air freight and logistics - 0.6%          
Air Transport Services Group, Inc. (I)   10,785    154,765 
Atlas Air Worldwide Holdings, Inc. (I)   5,065    216,883 
Bollore SA (I) (L)   206,736    719,691 
C.H. Robinson Worldwide, Inc.   40,973    2,886,958 
Deutsche Post AG   233,844    7,321,295 
Echo Global Logistics, Inc. (I)   5,960    137,438 
Expeditors International of Washington, Inc.   52,257    2,692,281 
FedEx Corp.   70,201    12,262,711 
Forward Air Corp.   6,148    265,962 
Hub Group, Inc., Class A (I)   6,906    281,489 
Park-Ohio Holdings Corp.   1,825    66,521 
Royal Mail PLC   217,026    1,377,165 
United Parcel Service, Inc., Class B   200,043    21,876,702 
XPO Logistics, Inc. (I) (L)   20,051    735,270 

 

Strategic Equity Allocation Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Air freight and logistics (continued)          
Yamato Holdings Company, Ltd.   83,893   $1,955,511 
         52,950,642 
Airlines - 0.4%          
Alaska Air Group, Inc.   35,769    2,355,746 
Allegiant Travel Company   2,685    354,608 
American Airlines Group, Inc.   152,663    5,588,992 
ANA Holdings, Inc.   279,495    759,314 
Cathay Pacific Airways, Ltd.   287,242    401,546 
Delta Air Lines, Inc.   215,537    8,483,536 
Deutsche Lufthansa AG   56,041    624,764 
easyJet PLC   37,957    494,921 
Hawaiian Holdings, Inc. (I)   10,723    521,138 
International Consolidated Airlines Group SA   195,382    1,013,750 
Japan Airlines Company, Ltd.   28,700    843,650 
JetBlue Airways Corp. (I)   146,834    2,531,418 
Qantas Airways, Ltd.   123,745    297,212 
Ryanair Holdings PLC, ADR   7,149    536,389 
Singapore Airlines, Ltd.   130,427    1,007,637 
SkyWest, Inc.   10,255    270,835 
Southwest Airlines Company   177,288    6,894,730 
United Continental Holdings, Inc. (I)   84,462    4,431,721 
Virgin America, Inc. (I) (L)   3,920    209,759 
         37,621,666 
Building products - 0.4%          
AAON, Inc.   8,382    241,569 
Advanced Drainage Systems, Inc.   7,116    171,211 
Allegion PLC   27,185    1,873,318 
American Woodmark Corp. (I)   2,816    226,885 
AO Smith Corp.   33,638    3,323,098 
Apogee Enterprises, Inc.   5,831    260,587 
Armstrong Flooring, Inc. (I)   4,870    91,946 
Asahi Glass Company, Ltd.   243,380    1,573,683 
Assa Abloy AB   241,565    4,905,618 
Builders FirstSource, Inc. (I)   17,304    199,169 
Caesarstone, Ltd. (I)   4,896    184,628 
Cie de Saint-Gobain   119,260    5,160,376 
Continental Building Products, Inc. (I)   7,133    149,722 
CSW Industrials, Inc. (I)   3,011    97,526 
Daikin Industries, Ltd.   56,497    5,272,063 
Fortune Brands Home & Security, Inc.   44,001    2,556,458 
Geberit AG   9,107    3,991,964 
Gibraltar Industries, Inc. (I)   6,461    240,026 
Griffon Corp.   6,125    104,186 
Insteel Industries, Inc.   3,636    131,769 
Lennox International, Inc.   17,689    2,777,704 
LIXIL Group Corp.   64,150    1,374,323 
Masco Corp.   95,474    3,275,713 
Masonite International Corp. (I)   6,068    377,248 
NCI Building Systems, Inc. (I)   5,628    82,113 
Patrick Industries, Inc. (I)   2,940    182,045 
PGT, Inc. (I)   10,053    107,266 
Ply Gem Holdings, Inc. (I)   4,576    61,135 
Quanex Building Products Corp.   7,020    121,165 
Simpson Manufacturing Company, Inc.   8,472    372,344 
TOTO, Ltd.   34,100    1,289,221 
Trex Company, Inc. (I)   6,004    352,555 
Universal Forest Products, Inc.   4,028    396,718 
         41,525,352 
Commercial services and supplies - 0.5%          
ABM Industries, Inc.   11,317    449,285 
ACCO Brands Corp. (I)   21,539    207,636 

 

The accompanying notes are an integral part of the financial statements. 
238

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Commercial services and supplies (continued)          
Aggreko PLC   61,138   $753,740 
ARC Document Solutions, Inc. (I)   10,283    38,458 
Babcock International Group PLC   60,769    813,575 
Brady Corp., Class A   9,367    324,192 
Brambles, Ltd.   381,981    3,520,922 
Casella Waste Systems, Inc., Class A (I)   8,877    91,433 
CECO Environmental Corp.   6,383    72,000 
Cintas Corp.   24,891    2,802,727 
Clean Harbors, Inc. (I)   23,871    1,145,331 
Copart, Inc. (I)   44,169    2,365,692 
Dai Nippon Printing Company, Ltd.   127,746    1,253,141 
Deluxe Corp.   31,901    2,131,625 
Edenred   50,065    1,169,901 
Ennis, Inc.   5,334    89,878 
Essendant, Inc.   7,877    161,636 
G&K Services, Inc., Class A   4,001    382,055 
G4S PLC   373,799    1,102,230 
Healthcare Services Group, Inc.   14,351    568,013 
Heritage-Crystal Clean, Inc. (I)   3,126    41,513 
Herman Miller, Inc.   39,477    1,129,042 
HNI Corp.   29,466    1,172,747 
InnerWorkings, Inc. (I)   8,705    82,001 
Interface, Inc.   13,370    223,145 
ISS A/S   40,265    1,673,201 
Kimball International, Inc., Class B   7,184    92,961 
Knoll, Inc.   9,803    223,999 
Matthews International Corp., Class A   6,532    396,884 
McGrath RentCorp   4,814    152,652 
Mobile Mini, Inc.   9,133    275,817 
MSA Safety, Inc.   20,478    1,188,543 
Multi-Color Corp.   2,809    185,394 
Park24 Company, Ltd.   24,600    800,065 
Pitney Bowes, Inc.   53,319    968,273 
Quad/Graphics, Inc.   6,009    160,560 
Republic Services, Inc.   68,063    3,433,778 
Rollins, Inc.   43,567    1,275,642 
Secom Company, Ltd.   50,555    3,775,157 
Securitas AB, B Shares   75,524    1,264,800 
Societe BIC SA   6,937    1,025,630 
Sohgo Security Services Company, Ltd.   17,200    924,376 
SP Plus Corp. (I)   3,666    93,740 
Steelcase, Inc., Class A   17,552    243,797 
Stericycle, Inc. (I)   24,336    1,950,287 
Team, Inc. (I)   5,946    194,494 
Tetra Tech, Inc.   11,829    419,575 
The Brink’s Company   9,219    341,841 
Toppan Printing Company, Ltd.   126,525    1,142,132 
UniFirst Corp.   3,047    401,777 
US Ecology, Inc.   4,546    203,843 
Viad Corp.   4,158    153,305 
VSE Corp.   1,758    59,754 
Waste Management, Inc.   118,519    7,556,771 
West Corp.   8,927    197,108 
         52,868,074 
Construction and engineering - 0.5%          
ACS Actividades de Construccion          
y Servicios SA   46,690    1,411,387 
AECOM (I)   69,905    2,078,276 
Aegion Corp. (I)   7,278    138,791 
Argan, Inc.   2,722    161,115 
Boskalis Westminster   20,944    745,412 
Bouygues SA   49,914    1,655,312 
CIMIC Group, Ltd.   23,821    527,575 

 

Strategic Equity Allocation Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Construction and engineering (continued)          
Comfort Systems USA, Inc.   7,506   $220,001 
Dycom Industries, Inc. (I)   20,434    1,671,093 
Eiffage SA   14,327    1,113,415 
EMCOR Group, Inc.   39,827    2,374,486 
Ferrovial SA   116,646    2,483,714 
Fluor Corp.   39,857    2,045,461 
Granite Construction, Inc.   26,088    1,297,617 
Great Lakes Dredge & Dock Corp. (I)   13,818    48,363 
HC2 Holdings, Inc. (I) (L)   7,643    41,654 
HOCHTIEF AG   4,978    702,519 
IES Holdings, Inc. (I)   1,781    31,684 
Jacobs Engineering Group, Inc. (I)   35,516    1,836,888 
JGC Corp.   50,006    870,531 
Kajima Corp.   216,770    1,516,929 
KBR, Inc.   64,916    982,179 
Layne Christensen Company (I) (L)   4,318    36,746 
MasTec, Inc. (I)   13,441    399,735 
MYR Group, Inc. (I)   3,616    108,842 
NV5 Global, Inc. (I)   1,609    51,987 
Obayashi Corp.   156,515    1,552,437 
Orion Group Holdings, Inc. (I)   6,270    42,950 
Primoris Services Corp.   8,250    169,950 
Quanta Services, Inc. (I)   43,343    1,213,171 
Shimizu Corp.   133,129    1,189,840 
Skanska AB, Series B   82,001    1,915,765 
Taisei Corp.   253,868    1,904,584 
Tutor Perini Corp. (I)   7,693    165,169 
Valmont Industries, Inc.   10,340    1,391,454 
Vinci SA   121,688    9,318,656 
         43,415,688 
Electrical equipment - 0.8%          
ABB, Ltd. (I)   474,052    10,684,164 
Acuity Brands, Inc.   12,569    3,325,757 
Allied Motion Technologies, Inc.   1,645    31,107 
AMETEK, Inc.   67,017    3,202,072 
AZZ, Inc.   5,271    344,038 
Babcock & Wilcox Enterprises, Inc. (I)   9,494    156,651 
Eaton Corp. PLC   131,399    8,634,228 
Emerson Electric Company   184,615    10,063,364 
Encore Wire Corp.   4,268    156,934 
Energous Corp. (I) (L)   3,219    63,125 
EnerSys   28,528    1,973,852 
FuelCell Energy, Inc. (I) (L)   6,454    34,981 
Fuji Electric Company, Ltd.   137,202    630,555 
Generac Holdings, Inc. (I)   13,307    483,044 
General Cable Corp.   10,091    151,163 
Hubbell, Inc.   23,370    2,517,884 
Legrand SA   64,333    3,792,371 
LSI Industries, Inc.   5,694    63,944 
Mabuchi Motor Company, Ltd.   11,800    654,791 
Mitsubishi Electric Corp.   465,165    5,961,882 
Nidec Corp.   57,493    5,314,258 
OSRAM Licht AG   21,455    1,260,403 
Plug Power, Inc. (I) (L)   38,778    66,310 
Powell Industries, Inc.   1,930    77,297 
Prysmian SpA   46,977    1,230,115 
Regal Beloit Corp.   20,387    1,212,823 
Rockwell Automation, Inc.   37,402    4,575,761 
Schneider Electric SE (Euronext Paris)   134,759    9,374,345 
Sunrun, Inc. (I) (L)   13,429    84,603 
Thermon Group Holdings, Inc. (I)   6,809    134,478 
Vestas Wind Systems A/S   53,379    4,409,293 

 

The accompanying notes are an integral part of the financial statements. 
239

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Electrical equipment (continued)          
Vicor Corp. (I)   3,794   $44,010 
         80,709,603 
Industrial conglomerates - 2.0%          
3M Company   173,981    30,660,672 
Carlisle Companies, Inc.   29,258    3,000,993 
CK Hutchison Holdings, Ltd.   651,062    8,322,031 
DCC PLC   21,380    1,942,513 
General Electric Company   2,580,806    76,443,474 
Honeywell International, Inc.   218,618    25,488,673 
Hopewell Holdings, Ltd.   615    2,254 
Jardine Matheson Holdings, Ltd.   60,000    3,641,800 
Keihan Holdings Company, Ltd.   122,000    853,276 
Keppel Corp., Ltd.   350,545    1,395,176 
Koninklijke Philips NV   224,332    6,637,880 
NWS Holdings, Ltd.   369,599    619,377 
Raven Industries, Inc.   7,473    172,103 
Roper Technologies, Inc.   29,030    5,297,104 
Seibu Holdings, Inc.   41,100    678,485 
Sembcorp Industries, Ltd. (L)   232,622    445,180 
Siemens AG   184,327    21,614,219 
Smiths Group PLC   95,188    1,806,895 
Toshiba Corp. (I)   970,280    3,234,331 
         192,256,436 
Machinery - 2.0%          
Actuant Corp., Class A   12,009    279,089 
AGCO Corp.   30,953    1,526,602 
Alamo Group, Inc.   1,940    127,827 
Albany International Corp., Class A   5,922    250,974 
Alfa Laval AB   70,811    1,110,166 
Alstom SA (I)   36,842    974,857 
Altra Industrial Motion Corp.   5,263    152,469 
Amada Holdings Company, Ltd.   82,052    853,529 
American Railcar Industries, Inc.   1,628    67,513 
ANDRITZ AG   17,535    954,202 
Astec Industries, Inc.   3,959    237,025 
Atlas Copco AB, A Shares   161,757    4,869,618 
Atlas Copco AB, B Shares   94,119    2,571,796 
Barnes Group, Inc.   10,286    417,097 
Briggs & Stratton Corp.   8,537    159,215 
Caterpillar, Inc.   167,517    14,870,484 
Chart Industries, Inc. (I)   6,329    207,781 
CIRCOR International, Inc.   3,375    201,015 
CLARCOR, Inc.   31,753    2,063,945 
CNH Industrial NV   246,186    1,762,803 
Columbus McKinnon Corp.   4,443    79,263 
Crane Company   22,588    1,423,270 
Cummins, Inc.   45,479    5,828,134 
Deere & Company   83,033    7,086,867 
Donaldson Company, Inc.   60,384    2,254,135 
Douglas Dynamics, Inc.   4,605    147,084 
Dover Corp.   44,597    3,284,123 
Dynamic Materials Corp.   3,233    34,464 
Energy Recovery, Inc. (I) (L)   7,175    114,657 
EnPro Industries, Inc.   4,467    253,815 
ESCO Technologies, Inc.   5,074    235,535 
FANUC Corp.   47,118    7,958,956 
Federal Signal Corp.   12,488    165,591 
Flowserve Corp.   36,982    1,784,012 
Fortive Corp.   86,011    4,377,960 
Franklin Electric Company, Inc.   9,472    385,605 
FreightCar America, Inc.   3,000    43,140 
GEA Group AG   44,091    2,451,325 

 

Strategic Equity Allocation Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Machinery (continued)          
Global Brass & Copper Holdings, Inc.   4,306   $124,400 
Graco, Inc.   25,348    1,875,752 
Graham Corp.   2,528    48,285 
Hardinge, Inc.   2,948    32,811 
Harsco Corp.   16,638    165,215 
Hillenbrand, Inc.   12,036    380,819 
Hino Motors, Ltd.   62,342    666,073 
Hitachi Construction          
Machinery Company, Ltd.   26,152    521,498 
Hoshizaki Corp.   12,200    1,113,320 
Hurco Companies, Inc.   1,540    43,228 
Hyster-Yale Materials Handling, Inc.   1,943    116,833 
IDEX Corp.   34,551    3,232,937 
IHI Corp.   353,765    1,028,114 
Illinois Tool Works, Inc.   92,801    11,121,272 
IMI PLC   65,529    911,977 
Ingersoll-Rand PLC   73,913    5,021,649 
ITT, Inc.   40,483    1,450,911 
John Bean Technologies Corp.   5,931    418,432 
Joy Global, Inc.   64,912    1,800,659 
JTEKT Corp.   53,793    807,970 
Kadant, Inc.   2,227    116,049 
Kawasaki Heavy Industries, Ltd.   342,204    1,060,224 
Kennametal, Inc.   52,488    1,523,202 
Komatsu, Ltd.   222,476    5,103,422 
Kone OYJ, Class B   81,239    4,124,257 
Kubota Corp.   254,952    3,858,828 
Kurita Water Industries, Ltd.   24,027    570,914 
Lincoln Electric Holdings, Inc.   28,540    1,787,175 
Lindsay Corp. (L)   2,166    160,241 
Lydall, Inc. (I)   3,400    173,842 
Makita Corp.   27,026    1,925,597 
MAN SE   8,508    897,362 
Meritor, Inc. (I)   17,974    200,051 
Metso OYJ   27,175    793,032 
Milacron Holdings Corp. (I)   3,011    48,056 
Miller Industries, Inc.   2,612    59,527 
Minebea Company, Ltd.   81,700    772,689 
Mitsubishi Heavy Industries, Ltd.   772,635    3,232,014 
Mueller Industries, Inc.   11,582    375,488 
Mueller Water Products, Inc., Class A   31,817    399,303 
Nabtesco Corp.   27,089    767,448 
Navistar International Corp. (I)   10,336    236,591 
NGK Insulators, Ltd.   63,161    1,312,522 
NN, Inc.   5,618    102,529 
Nordson Corp.   24,127    2,403,773 
NSK, Ltd.   106,298    1,089,847 
Oshkosh Corp.   33,441    1,872,696 
PACCAR, Inc.   100,516    5,908,330 
Parker-Hannifin Corp.   38,662    4,853,241 
Pentair PLC   48,176    3,094,826 
Proto Labs, Inc. (I) (L)   5,042    302,066 
RBC Bearings, Inc. (I)   4,644    355,173 
Rexnord Corp. (I)   16,956    363,028 
Sandvik AB   256,971    2,827,630 
Schindler Holding AG,
Participation Certificates		   10,664    2,002,512 
Schindler Holding AG, Registered Shares   4,916    931,129 
SembCorp Marine, Ltd.   213,732    206,075 
SKF AB, B Shares   95,962    1,657,200 
SMC Corp.   13,847    3,998,083 
Snap-on, Inc.   16,699    2,537,580 
SPX Corp. (I)   8,627    173,748 

 

The accompanying notes are an integral part of the financial statements. 
240

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Machinery (continued)          
SPX FLOW, Inc. (I)   7,289   $225,376 
Standex International Corp.   2,551    236,911 
Stanley Black & Decker, Inc.   43,086    5,298,716 
Sumitomo Heavy Industries, Ltd.   133,306    658,662 
Sun Hydraulics Corp.   4,862    156,897 
Supreme Industries, Inc., Class A   2,813    54,291 
Tennant Company   3,583    232,178 
Terex Corp.   48,934    1,243,413 
The ExOne Company (I) (L)   2,476    37,685 
The Gorman-Rupp Company   3,681    94,270 
The Greenbrier Companies, Inc. (L)   5,567    196,515 
The Manitowoc Company, Inc.   25,870    123,917 
The Timken Company   32,043    1,125,991 
The Toro Company   48,988    2,294,598 
The Weir Group PLC   51,556    1,135,532 
THK Company, Ltd.   29,452    579,327 
Titan International, Inc.   9,559    96,737 
TriMas Corp. (I)   9,372    174,413 
Trinity Industries, Inc.   68,736    1,662,036 
Volvo AB, Series B   371,539    4,242,183 
Wabash National Corp. (I)   13,102    186,572 
Wabtec Corp.   40,798    3,331,157 
Wartsila OYJ ABP   35,666    1,605,641 
Watts Water Technologies, Inc., Class A   5,684    368,551 
Woodward, Inc.   35,833    2,238,846 
Xylem, Inc.   51,321    2,691,786 
Yangzijiang Shipbuilding Holdings, Ltd.   457,301    252,973 
Zardoya Otis SA   45,745    440,127 
         197,610,699 
Marine - 0.1%          
A.P. Moeller - Maersk A/S, Series A   921    1,293,995 
A.P. Moeller - Maersk A/S, Series B   1,537    2,260,766 
Costamare, Inc.   5,550    50,727 
Eagle Bulk Shipping, Inc. (I)   297    2,109 
Kirby Corp. (I)   24,551    1,526,090 
Kuehne + Nagel International AG   13,033    1,894,037 
Matson, Inc.   8,868    353,656 
Mitsui O.S.K. Lines, Ltd.   272,040    632,601 
Nippon Yusen KK   396,257    741,925 
Scorpio Bulkers, Inc. (I) (L)   13,099    45,323 
         8,801,229 
Professional services - 0.6%          
Acacia Research Corp.   11,108    72,424 
Adecco Group AG   39,946    2,251,583 
Barrett Business Services, Inc.   1,508    74,812 
Bureau Veritas SA   63,887    1,370,696 
Capita PLC   160,581    1,391,065 
CBIZ, Inc. (I)   10,253    114,731 
CEB, Inc.   21,267    1,158,413 
CRA International, Inc. (I)   2,031    54,004 
Equifax, Inc.   34,143    4,594,965 
Experian PLC   231,256    4,620,024 
Exponent, Inc.   5,275    269,342 
Franklin Covey Company (I)   2,462    43,848 
FTI Consulting, Inc. (I)   27,316    1,217,201 
GP Strategies Corp. (I)   2,806    69,084 
Heidrick & Struggles International, Inc.   3,978    73,792 
Huron Consulting Group, Inc. (I)   4,454    266,171 
ICF International, Inc. (I)   3,718    164,782 
Insperity, Inc.   3,192    231,867 
Intertek Group PLC   38,876    1,755,011 
Kelly Services, Inc., Class A   6,053    116,339 

 

Strategic Equity Allocation Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Professional services (continued)          
Kforce, Inc.   5,168   $105,892 
Korn/Ferry International   11,754    246,834 
ManpowerGroup, Inc.   31,080    2,245,841 
Mistras Group, Inc. (I)   3,557    83,483 
Navigant Consulting, Inc. (I)   9,747    197,084 
Nielsen Holdings PLC   97,097    5,201,486 
On Assignment, Inc. (I)   10,407    377,670 
Randstad Holding NV   28,670    1,303,694 
Recruit Holdings Company, Ltd.   88,600    3,614,276 
RELX NV   239,632    4,286,244 
RELX PLC   263,622    4,999,191 
Resources Connection, Inc.   7,548    112,767 
Robert Half International, Inc.   37,038    1,402,259 
RPX Corp. (I)   10,538    112,651 
SEEK, Ltd.   78,819    944,885 
SGS SA   1,319    2,955,581 
The Advisory Board Company (I)   8,420    376,711 
The Dun & Bradstreet Corp.   10,410    1,422,214 
TriNet Group, Inc. (I)   8,694    188,051 
TrueBlue, Inc. (I)   8,614    195,193 
Verisk Analytics, Inc. (I)   44,358    3,605,418 
WageWorks, Inc. (I)   7,449    453,719 
Wolters Kluwer NV   72,717    3,108,736 
         57,450,034 
Road and rail - 0.9%          
ArcBest Corp.   5,380    102,328 
Aurizon Holdings, Ltd.   494,425    1,787,663 
Avis Budget Group, Inc. (I)   42,878    1,466,856 
Celadon Group, Inc.   6,301    55,071 
Central Japan Railway Company   34,732    5,946,289 
ComfortDelGro Corp., Ltd.   517,918    1,071,306 
Covenant Transportation          
Group, Inc., Class A (I)   2,620    50,645 
CSX Corp.   274,225    8,363,863 
DSV A/S   45,804    2,285,397 
East Japan Railway Company   80,440    7,260,836 
Genesee & Wyoming, Inc., Class A (I)   26,051    1,796,216 
Hankyu Hanshin Holdings, Inc.   58,200    2,006,671 
Heartland Express, Inc.   9,543    180,172 
J.B. Hunt Transport Services, Inc.   25,500    2,069,070 
Kansas City Southern   30,989    2,891,893 
Keikyu Corp.   112,559    1,174,495 
Keio Corp.   139,077    1,216,197 
Keisei Electric Railway Company, Ltd.   32,995    824,940 
Kintetsu Group Holdings Company, Ltd.   436,745    1,833,004 
Knight Transportation, Inc.   13,524    388,004 
Landstar System, Inc.   18,986    1,292,567 
Marten Transport, Ltd.   5,030    105,630 
MTR Corp., Ltd.   354,315    1,957,953 
Nagoya Railroad Company, Ltd.   222,000    1,208,045 
Nippon Express Company, Ltd.   200,469    937,188 
Norfolk Southern Corp.   84,841    8,234,667 
Odakyu Electric Railway Company, Ltd.   70,880    1,578,283 
Old Dominion Freight Line, Inc. (I)   31,611    2,168,831 
Roadrunner Transportation Systems, Inc. (I)   6,631    52,915 
Ryder System, Inc.   15,175    1,000,791 
Saia, Inc. (I)   5,328    159,627 
Swift Transportation Company (I) (L)   15,311    328,727 
Tobu Railway Company, Ltd.   233,365    1,188,774 
Tokyu Corp.   256,417    1,956,030 
Union Pacific Corp.   238,974    23,307,134 
Werner Enterprises, Inc.   29,505    686,581 
West Japan Railway Company   39,675    2,461,208 

 

The accompanying notes are an integral part of the financial statements.

241

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Road and rail (continued)          
YRC Worldwide, Inc. (I)   6,938   $85,476 
         91,481,343 
Trading companies and distributors - 0.6%          
AerCap Holdings NV (I)   40,000    1,539,600 
Aircastle, Ltd.   9,615    190,954 
Applied Industrial Technologies, Inc.   7,392    345,502 
Ashtead Group PLC   121,266    1,992,923 
Beacon Roofing Supply, Inc. (I)   12,138    510,646 
BMC Stock Holdings, Inc. (I)   11,288    200,136 
Brenntag AG   37,246    2,035,450 
Bunzl PLC   80,758    2,381,424 
CAI International, Inc. (I)   3,799    31,418 
DXP Enterprises, Inc. (I)   2,870    80,905 
Fastenal Company   82,888    3,463,061 
GATX Corp. (L)   26,377    1,175,095 
GMS, Inc. (I)   1,519    33,767 
H&E Equipment Services, Inc.   6,552    109,812 
ITOCHU Corp.   360,566    4,539,367 
Kaman Corp.   5,378    236,202 
Marubeni Corp.   397,788    2,043,475 
Mitsubishi Corp.   363,906    8,295,621 
Mitsui & Company, Ltd.   411,180    5,698,496 
MRC Global, Inc. (I)   19,185    315,210 
MSC Industrial Direct Company, Inc., Class A   20,167    1,480,459 
Noble Group, Ltd. (I)   2,111,466    237,922 
NOW, Inc. (I)   70,916    1,519,730 
Rexel SA   72,809    1,115,315 
Rush Enterprises, Inc., Class A (I)   4,870    119,218 
Rush Enterprises, Inc., Class B (I)   2,578    62,671 
SiteOne Landscape Supply, Inc. (I)   2,351    84,471 
Sojitz Corp.   1,051    2,693 
Sumitomo Corp.   286,166    3,203,525 
Textainer Group Holdings, Ltd.   5,037    37,727 
Titan Machinery, Inc. (I)   4,471    46,498 
Toyota Tsusho Corp.   51,159    1,188,920 
Travis Perkins PLC   60,243    1,201,588 
Triton International, Ltd.   8,195    108,092 
United Rentals, Inc. (I)   25,425    1,995,608 
Univar, Inc. (I)   8,819    192,695 
Veritiv Corp. (I)   1,770    88,801 
W.W. Grainger, Inc. (L)   16,194    3,641,059 
Watsco, Inc.   11,756    1,656,420 
Wolseley PLC   60,589    3,407,674 
         56,610,150 
Transportation infrastructure - 0.2%          
Abertis Infraestructuras SA   155,158    2,417,273 
Aena SA (S)   16,268    2,401,316 
Aeroports de Paris   7,167    711,154 
Atlantia SpA   99,469    2,526,274 
Auckland International Airport, Ltd.   229,207    1,228,508 
Fraport AG Frankfurt Airport          
Services Worldwide   10,164    556,277 
Groupe Eurotunnel SE   112,682    1,220,615 
Hutchison Port Holdings Trust   1,234,236    550,980 
Japan Airport Terminal Company, Ltd. (L)   11,000    420,622 
Kamigumi Company, Ltd.   56,412    492,136 
Mitsubishi Logistics Corp.   27,472    397,318 
Sydney Airport   262,981    1,409,596 
Transurban Group   490,305    4,284,926 
         18,616,995 
         1,093,281,614 

 

Strategic Equity Allocation Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Information technology - 15.5%          
Communications equipment - 0.9%          
ADTRAN, Inc.   9,981   $191,036 
Aerohive Networks, Inc. (I)   5,379    32,758 
Applied Optoelectronics, Inc. (I) (L)   3,552    78,890 
ARRIS International PLC (I)   86,495    2,450,403 
Bel Fuse, Inc., Class B   2,179    52,601 
Black Box Corp.   3,278    45,564 
Brocade Communications Systems, Inc.   181,785    1,677,876 
CalAmp Corp. (I)   7,398    103,202 
Calix, Inc. (I)   8,877    65,246 
Ciena Corp. (I)   90,624    1,975,603 
Cisco Systems, Inc.   1,449,705    45,984,643 
Clearfield, Inc. (I) (L)   2,524    47,451 
Comtech Telecommunications Corp.   4,939    63,269 
Digi International, Inc. (I)   5,647    64,376 
Extreme Networks, Inc. (I)   21,704    97,451 
F5 Networks, Inc. (I)   19,226    2,396,329 
Finisar Corp. (I)   21,946    653,991 
Harmonic, Inc. (I)   16,981    100,697 
Harris Corp.   35,791    3,278,814 
Infinera Corp. (I)   28,869    260,687 
InterDigital, Inc.   22,573    1,787,782 
Ixia (I)   13,226    165,325 
Juniper Networks, Inc.   110,317    2,654,227 
KVH Industries, Inc. (I)   3,958    34,870 
Lumentum Holdings, Inc. (I)   10,307    430,523 
Motorola Solutions, Inc.   48,399    3,691,876 
NETGEAR, Inc. (I)   6,584    398,266 
NetScout Systems, Inc. (I)   59,989    1,754,678 
Nokia OYJ   1,406,045    8,149,928 
Oclaro, Inc. (I)   20,343    173,933 
Plantronics, Inc.   21,957    1,140,886 
ShoreTel, Inc. (I)   14,161    113,288 
Silicom, Ltd.   1,235    51,129 
Sonus Networks, Inc. (I)   9,773    76,034 
Telefonaktiebolaget LM Ericsson, B Shares   739,738    5,341,115 
Ubiquiti Networks, Inc. (I) (L)   5,281    282,534 
ViaSat, Inc. (I)   29,581    2,208,222 
Viavi Solutions, Inc. (I)   48,018    354,853 
         88,430,356 
Electronic equipment, instruments and components - 1.0%          
Agilysys, Inc. (I)   3,280    36,474 
Alps Electric Company, Ltd.   45,400    1,095,855 
Amphenol Corp., Class A   88,362    5,736,461 
Anixter International, Inc.   5,916    381,582 
Arrow Electronics, Inc. (I)   41,405    2,648,678 
Avnet, Inc.   57,744    2,370,969 
AVX Corp.   9,356    129,019 
Badger Meter, Inc.   5,674    190,136 
Belden, Inc.   27,728    1,912,955 
Benchmark Electronics, Inc. (I)   9,907    247,180 
Cognex Corp.   38,766    2,049,171 
Coherent, Inc. (I)   4,908    542,530 
Control4 Corp. (I)   4,478    54,990 
Corning, Inc.   298,955    7,070,286 
CTS Corp.   6,446    119,896 
Daktronics, Inc.   8,145    77,703 
DTS, Inc.   3,647    155,143 
Electro Scientific Industries, Inc. (I)   6,143    34,647 
ePlus, Inc. (I)   1,268    119,712 
Fabrinet (I)   7,021    313,066 
FARO Technologies, Inc. (I)   3,444    123,812 

 

The accompanying notes are an integral part of the financial statements.

242

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Electronic equipment, instruments and          
components (continued)          
FLIR Systems, Inc.   39,826   $1,251,333 
Hamamatsu Photonics KK   34,300    1,055,255 
Hexagon AB, B Shares   62,292    2,720,391 
Hirose Electric Company, Ltd.   7,700    1,012,414 
Hitachi High-Technologies Corp.   16,584    663,874 
Hitachi, Ltd.   1,164,972    5,459,737 
II-VI, Inc. (I)   12,213    297,142 
Ingenico Group SA   13,226    1,156,402 
Ingram Micro, Inc., Class A   68,210    2,432,369 
Insight Enterprises, Inc. (I)   7,511    244,483 
InvenSense, Inc. (I)   16,949    125,762 
IPG Photonics Corp. (I)   16,941    1,395,091 
Itron, Inc. (I)   6,828    380,729 
Jabil Circuit, Inc.   87,141    1,901,417 
Keyence Corp.   10,947    8,020,746 
Keysight Technologies, Inc. (I)   76,906    2,437,151 
Kimball Electronics, Inc. (I)   6,087    84,366 
Knowles Corp. (I) (L)   58,524    822,262 
Kyocera Corp.   77,363    3,717,544 
Littelfuse, Inc.   4,480    577,069 
Maxwell Technologies, Inc. (I) (L)   7,925    40,893 
Mesa Laboratories, Inc.   619    70,789 
Methode Electronics, Inc.   7,445    260,352 
MTS Systems Corp.   3,433    158,021 
Murata Manufacturing Company, Ltd.   46,113    6,019,272 
National Instruments Corp.   47,809    1,357,776 
Nippon Electric Glass Company, Ltd.   100,121    518,418 
Novanta, Inc. (I)   6,650    115,378 
Omron Corp.   46,418    1,670,811 
OSI Systems, Inc. (I)   3,604    235,630 
Park Electrochemical Corp.   4,245    73,736 
PC Connection, Inc.   2,374    62,721 
Plexus Corp. (I)   6,775    316,935 
Radisys Corp. (I)   7,756    41,456 
Rofin-Sinar Technologies, Inc. (I)   5,497    176,893 
Rogers Corp. (I)   3,627    221,537 
Sanmina Corp. (I)   14,959    425,883 
ScanSource, Inc. (I)   5,048    184,252 
Shimadzu Corp.   57,492    877,416 
SYNNEX Corp.   19,136    2,183,609 
TDK Corp.   29,621    1,984,580 
TE Connectivity, Ltd.   102,620    6,606,676 
Tech Data Corp. (I)   23,068    1,954,090 
Trimble Navigation, Ltd. (I)   113,009    3,227,537 
TTM Technologies, Inc. (I)   14,896    170,559 
Universal Display Corp. (I)   8,430    467,949 
VeriFone Systems, Inc. (I)   50,228    790,589 
Vishay Intertechnology, Inc.   88,030    1,240,343 
Vishay Precision Group, Inc. (I)   2,737    43,874 
Yaskawa Electric Corp.   61,010    912,521 
Yokogawa Electric Corp.   55,892    744,584 
Zebra Technologies Corp., Class A (I)   23,810    1,657,414 
         95,978,296 
Internet software and services - 2.7%          
2U, Inc. (I)   7,471    286,065 
Actua Corp. (I)   7,876    101,994 
Akamai Technologies, Inc. (I)   50,356    2,668,364 
Alarm.com Holdings, Inc. (I)   2,058    59,394 
Alphabet, Inc., Class A (I)   84,892    68,258,262 
Alphabet, Inc., Class C (I)   85,073    66,126,392 
Amber Road, Inc. (I)   3,939    38,011 
Angie’s List, Inc. (I) (L)   8,203    81,292 

 

Strategic Equity Allocation Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Internet software and services (continued)          
Apigee Corp. (I)   3,287   $57,194 
Appfolio, Inc., Class A (I)   1,823    35,439 
Auto Trader Group PLC (S)   241,364    1,268,843 
Autobytel, Inc. (I)   2,002    35,636 
Bankrate, Inc. (I)   9,749    82,672 
Bazaarvoice, Inc. (I)   17,744    104,867 
Benefitfocus, Inc. (I)   2,657    106,067 
Blucora, Inc. (I)   8,091    90,619 
Box, Inc., Class A (I) (L)   10,157    160,074 
Brightcove, Inc. (I)   6,346    82,815 
Carbonite, Inc. (I)   3,937    60,472 
Care.com, Inc. (I)   3,510    34,960 
ChannelAdvisor Corp. (I)   4,851    62,723 
Cimpress NV (I) (L)   5,079    513,893 
comScore, Inc. (I)   30,079    922,222 
Cornerstone OnDemand, Inc. (I)   10,293    472,963 
Cvent, Inc. (I)   6,152    195,080 
DHI Group, Inc. (I)   10,721    84,589 
EarthLink Holdings Corp.   21,839    135,402 
eBay, Inc. (I)   303,191    9,974,984 
Endurance International          
Group Holdings, Inc. (I) (L)   12,317    107,774 
Envestnet, Inc. (I)   8,510    310,190 
Everyday Health, Inc. (I)   6,222    47,847 
Facebook, Inc., Class A (I)   668,828    85,790,568 
Five9, Inc. (I)   6,822    106,969 
Gogo, Inc. (I) (L)   11,746    129,676 
GrubHub, Inc. (I) (L)   16,502    709,421 
GTT Communications, Inc. (I)   5,465    128,591 
Hortonworks, Inc. (I) (L)   8,763    73,171 
inContact, Inc. (I)   12,093    169,060 
Instructure, Inc. (I)   2,259    57,311 
Intralinks Holdings, Inc. (I)   8,812    88,649 
j2 Global, Inc.   31,362    2,089,023 
Kakaku.com, Inc.   34,100    617,479 
Limelight Networks, Inc. (I)   17,601    32,914 
Liquidity Services, Inc. (I)   5,466    61,438 
LivePerson, Inc. (I)   11,338    95,353 
LogMeIn, Inc.   5,153    465,780 
MeetMe, Inc. (I)   8,733    54,145 
MINDBODY, Inc., Class A (I) (L)   3,039    59,747 
Mixi, Inc.   10,800    391,293 
Monster Worldwide, Inc. (I)   18,638    67,283 
New Relic, Inc. (I)   4,520    173,206 
NIC, Inc.   13,011    305,759 
Q2 Holdings, Inc. (I)   5,237    150,092 
Quotient Technology, Inc. (I)   13,103    174,401 
Rackspace Hosting, Inc. (I)   48,716    1,543,810 
Reis, Inc.   2,353    48,142 
RetailMeNot, Inc. (I)   8,117    80,277 
Shutterstock, Inc. (I) (L)   3,881    247,220 
SPS Commerce, Inc. (I)   3,387    248,640 
Stamps.com, Inc. (I) (L)   3,304    312,261 
TechTarget, Inc. (I)   4,381    35,311 
TrueCar, Inc. (I)   11,402    107,635 
United Internet AG   29,714    1,315,944 
VeriSign, Inc. (I) (L)   27,367    2,141,194 
Web.com Group, Inc. (I)   8,696    150,180 
WebMD Health Corp. (I)   25,199    1,252,390 
Xactly Corp. (I)   4,865    71,613 
XO Group, Inc. (I)   5,294    102,333 
Yahoo Japan Corp.   343,554    1,370,371 

 

The accompanying notes are an integral part of the financial statements.

243

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Internet software and services (continued)          
Yahoo!, Inc. (I)   250,642   $10,802,670 
         264,388,419 
IT services - 2.7%          
Accenture PLC, Class A   178,939    21,860,978 
Acxiom Corp. (I)   51,231    1,365,306 
Alliance Data Systems Corp. (I)   16,912    3,628,131 
Amadeus IT Group SA   105,735    5,277,539 
Atos SE   21,242    2,286,883 
Automatic Data Processing, Inc.   130,661    11,524,300 
Blackhawk Network Holdings, Inc. (I)   11,237    339,020 
Broadridge Financial Solutions, Inc.   53,584    3,632,459 
CACI International, Inc., Class A (I)   4,952    499,657 
Capgemini SA   39,417    3,864,576 
Cardtronics PLC, Class A (I)   9,141    407,689 
Cass Information Systems, Inc.   2,318    131,315 
Cognizant Technology          
Solutions Corp., Class A (I)   173,804    8,292,189 
Computer Sciences Corp.   63,710    3,326,299 
Computershare, Ltd.   112,275    890,513 
Convergys Corp.   61,396    1,867,666 
CoreLogic, Inc. (I)   39,986    1,568,251 
CSG Systems International, Inc.   6,583    272,075 
CSRA, Inc.   39,335    1,058,112 
Datalink Corp. (I)   4,537    48,138 
DST Systems, Inc.   14,802    1,745,452 
EPAM Systems, Inc. (I)   9,796    678,961 
EVERTEC, Inc.   12,959    217,452 
ExlService Holdings, Inc. (I)   6,682    333,031 
Fidelity National Information Services, Inc.   94,609    7,287,731 
Fiserv, Inc. (I)   63,778    6,343,998 
Forrester Research, Inc.   2,110    82,079 
Fujitsu, Ltd.   449,232    2,417,597 
Gartner, Inc. (I)   37,603    3,325,985 
Global Payments, Inc.   44,178    3,391,103 
IBM Corp.   250,505    39,792,719 
Jack Henry & Associates, Inc.   35,649    3,049,772 
Leidos Holdings, Inc.   64,696    2,800,043 
Lionbridge Technologies, Inc. (I)   12,867    64,335 
ManTech International Corp., Class A   4,959    186,905 
Mastercard, Inc.   276,322    28,121,290 
MAXIMUS, Inc.   42,667    2,413,246 
MoneyGram International, Inc. (I)   6,761    48,003 
NeuStar, Inc., Class A (I) (L)   35,807    952,108 
Nomura Research Institute, Ltd.   29,800    1,028,521 
NTT Data Corp.   30,462    1,521,405 
Obic Company, Ltd.   15,600    830,682 
Otsuka Corp.   12,800    607,957 
Paychex, Inc.   91,921    5,319,468 
PayPal Holdings, Inc. (I)   323,367    13,248,346 
Perficient, Inc. (I)   7,232    145,725 
PFSweb, Inc. (I)   3,484    31,112 
Planet Payment, Inc. (I)   10,518    39,022 
Science Applications International Corp.   28,945    2,007,915 
ServiceSource International, Inc. (I)   13,572    66,231 
Sykes Enterprises, Inc. (I)   7,978    224,421 
Syntel, Inc.   6,568    275,265 
TeleTech Holdings, Inc.   3,489    101,146 
Teradata Corp. (I)   37,312    1,156,672 
The Hackett Group, Inc.   4,920    81,278 
The Western Union Company   140,914    2,933,829 
Total System Services, Inc.   48,381    2,281,164 
Travelport Worldwide, Ltd.   23,408    351,822 
Unisys Corp. (I)   10,540    102,660 

 

Strategic Equity Allocation Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
IT services (continued)          
Virtusa Corp. (I)   5,787   $142,823 
Visa, Inc., Class A   543,700    44,963,990 
WEX, Inc. (I)   17,437    1,884,765 
Worldpay Group PLC (S)   433,646    1,662,699 
Xerox Corp.   244,876    2,480,594 
         258,882,418 
Semiconductors and semiconductor equipment - 2.4%          
Acacia Communications, Inc. (I) (L)   1,071    110,613 
Advanced Energy Industries, Inc. (I)   8,041    380,500 
Advanced Micro Devices, Inc. (I)   430,200    2,972,682 
Alpha & Omega Semiconductor, Ltd. (I)   3,854    83,709 
Ambarella, Inc. (I) (L)   6,511    479,275 
Amkor Technology, Inc. (I)   20,546    199,707 
Analog Devices, Inc.   88,192    5,683,974 
Applied Materials, Inc.   312,519    9,422,448 
Applied Micro Circuits Corp. (I)   15,992    111,144 
ASM Pacific Technology, Ltd.   57,768    478,167 
ASML Holding NV   88,743    9,725,422 
Axcelis Technologies, Inc. (I)   6,336    84,142 
Broadcom, Ltd.   114,021    19,670,903 
Brooks Automation, Inc.   13,935    189,655 
Cabot Microelectronics Corp.   4,732    250,370 
Cavium, Inc. (I)   13,174    766,727 
CEVA, Inc. (I)   4,069    142,700 
Cirrus Logic, Inc. (I)   40,612    2,158,528 
Cohu, Inc.   5,838    68,538 
Cree, Inc. (I)   45,775    1,177,333 
Cypress Semiconductor Corp.   145,476    1,768,988 
Diodes, Inc. (I)   7,759    165,577 
DSP Group, Inc. (I)   4,994    59,978 
Entegris, Inc. (I)   28,825    502,132 
Exar Corp. (I)   8,632    80,364 
First Solar, Inc. (I) (L)   21,560    851,404 
FormFactor, Inc. (I)   14,166    153,701 
Infineon Technologies AG   272,719    4,862,991 
Inphi Corp. (I)   8,190    356,347 
Integrated Device Technology, Inc. (I)   88,338    2,040,608 
Intel Corp.   1,363,109    51,457,365 
Intersil Corp., Class A   88,880    1,949,138 
IXYS Corp.   5,444    65,600 
KLA-Tencor Corp.   44,709    3,116,664 
Kopin Corp. (I)   14,059    30,649 
Lam Research Corp.   45,815    4,339,139 
Lattice Semiconductor Corp. (I)   24,670    160,108 
Linear Technology Corp.   68,620    4,068,480 
MACOM Technology          
Solutions Holdings, Inc. (I)   4,751    201,157 
MaxLinear, Inc., Class A (I)   11,247    227,977 
Microchip Technology, Inc.   61,672    3,832,298 
Micron Technology, Inc. (I)   297,555    5,290,528 
Microsemi Corp. (I)   74,726    3,136,997 
MKS Instruments, Inc.   10,824    538,278 
Monolithic Power Systems, Inc.   24,806    1,996,883 
Nanometrics, Inc. (I)   4,940    110,360 
NeoPhotonics Corp. (I)   6,357    103,873 
NVE Corp.   1,092    64,362 
NVIDIA Corp.   154,316    10,573,732 
NXP Semiconductors NV (I)   70,900    7,232,509 
PDF Solutions, Inc. (I)   5,648    102,624 
Photronics, Inc. (I)   13,275    136,865 
Power Integrations, Inc.   5,566    350,825 
Qorvo, Inc. (I)   36,603    2,040,251 
QUALCOMM, Inc.   424,833    29,101,061 

 

The accompanying notes are an integral part of the financial statements.

244

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Semiconductors and semiconductor equipment (continued)          
Rambus, Inc. (I)   22,249   $278,113 
Rohm Company, Ltd.   21,442    1,130,217 
Rudolph Technologies, Inc. (I)   6,105    108,303 
Semtech Corp. (I)   13,176    365,370 
Sigma Designs, Inc. (I)   7,787    60,661 
Silicon Laboratories, Inc. (I)   27,191    1,598,831 
Skyworks Solutions, Inc.   54,593    4,156,711 
STMicroelectronics NV (L)   153,642    1,255,692 
Synaptics, Inc. (I)   23,334    1,366,906 
Teradyne, Inc.   91,629    1,977,354 
Tessera Technologies, Inc.   10,002    384,477 
Texas Instruments, Inc.   288,105    20,219,209 
Tokyo Electron, Ltd.   37,860    3,346,216 
Ultra Clean Holdings, Inc. (I)   7,561    56,027 
Ultratech, Inc. (I)   4,460    102,937 
Veeco Instruments, Inc. (I)   8,193    160,829 
Xcerra Corp. (I)   11,351    68,787 
Xilinx, Inc.   72,822    3,957,147 
         235,820,137 
Software - 3.4%          
8x8, Inc. (I)   17,922    276,536 
A10 Networks, Inc. (I)   9,231    98,679 
ACI Worldwide, Inc. (I)   76,749    1,487,396 
Activision Blizzard, Inc.   196,747    8,715,892 
Adobe Systems, Inc. (I)   143,485    15,573,862 
American Software, Inc., Class A   5,383    59,751 
ANSYS, Inc. (I)   39,571    3,664,670 
Aspen Technology, Inc. (I)   16,797    785,932 
Autodesk, Inc. (I)   56,390    4,078,689 
AVG Technologies NV (I) (L)   8,535    213,460 
Barracuda Networks, Inc. (I)   4,582    116,749 
Blackbaud, Inc.   9,628    638,722 
Bottomline Technologies (de), Inc. (I)   8,260    192,541 
BroadSoft, Inc. (I)   5,960    277,438 
CA, Inc.   91,459    3,025,464 
Cadence Design Systems, Inc. (I)   132,608    3,385,482 
Callidus Software, Inc. (I)   11,346    208,199 
CDK Global, Inc.   68,110    3,906,790 
Check Point Software Technologies, Ltd. (I)   31,100    2,413,671 
Citrix Systems, Inc. (I)   44,502    3,792,460 
CommVault Systems, Inc. (I)   26,612    1,413,896 
Dassault Systemes SA   30,965    2,688,084 
Digimarc Corp. (I)   1,813    69,529 
Ebix, Inc. (L)   5,137    292,038 
Electronic Arts, Inc. (I)   86,525    7,389,235 
Ellie Mae, Inc. (I)   5,971    628,746 
EnerNOC, Inc. (I) (L)   6,520    35,273 
Epiq Systems, Inc.   4,878    80,438 
Exa Corp. (I)   3,143    50,445 
Fair Isaac Corp.   20,251    2,523,072 
Fleetmatics Group PLC (I)   7,984    478,880 
Fortinet, Inc. (I)   66,510    2,456,214 
Gemalto NV   19,328    1,238,329 
Gigamon, Inc. (I)   6,645    364,146 
Globant SA (I) (L)   5,165    217,550 
Glu Mobile, Inc. (I) (L)   21,423    47,988 
Guidance Software, Inc. (I)   5,232    31,183 
GungHo Online Entertainment, Inc. (L)   96,733    237,692 
HubSpot, Inc. (I)   5,913    340,707 
Imperva, Inc. (I)   5,874    315,493 
Infoblox, Inc. (I)   11,456    302,095 
Interactive Intelligence Group, Inc. (I)   3,683    221,496 
Intuit, Inc.   70,792    7,787,828 

 

Strategic Equity Allocation Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Software (continued)          
Jive Software, Inc. (I)   13,190   $56,189 
Konami Holdings Corp.   22,509    869,754 
Manhattan Associates, Inc. (I)   32,473    1,871,094 
Mentor Graphics Corp.   70,741    1,870,392 
Microsoft Corp.   2,243,811    129,243,514 
MicroStrategy, Inc., Class A (I)   1,929    322,992 
Mitek Systems, Inc. (I) (L)   6,128    50,801 
MobileIron, Inc. (I)   10,450    28,738 
Mobileye NV (I) (L)   42,300    1,800,711 
Model N, Inc. (I)   4,861    54,006 
Monotype Imaging Holdings, Inc.   8,321    183,977 
Nexon Company, Ltd.   41,453    651,168 
Nice, Ltd.   14,475    963,836 
Nintendo Company, Ltd.   27,339    7,320,085 
Oracle Corp.   866,840    34,049,475 
Oracle Corp. Japan   9,406    531,418 
Park City Group, Inc. (I)   3,236    38,185 
Paycom Software, Inc. (I)   8,954    448,864 
Paylocity Holding Corp. (I)   4,412    196,158 
Pegasystems, Inc.   7,374    217,459 
Progress Software Corp. (I)   10,221    278,011 
Proofpoint, Inc. (I)   8,321    622,827 
PROS Holdings, Inc. (I)   5,250    118,703 
PTC, Inc. (I)   52,245    2,314,976 
QAD, Inc., Class A   2,165    48,453 
Qualys, Inc. (I)   5,606    214,093 
Rapid7, Inc. (I)   4,322    76,283 
RealPage, Inc. (I)   11,073    284,576 
Red Hat, Inc. (I)   52,045    4,206,797 
RingCentral, Inc., Class A (I)   12,022    284,441 
Rosetta Stone, Inc. (I)   4,451    37,744 
salesforce.com, Inc. (I)   185,543    13,234,782 
SAP SE   236,815    21,657,275 
Sapiens International Corp. NV   4,980    63,595 
Silver Spring Networks, Inc. (I)   7,877    111,696 
Symantec Corp.   175,641    4,408,589 
Synchronoss Technologies, Inc. (I)   8,457    348,259 
Synopsys, Inc. (I)   68,665    4,075,268 
Take-Two Interactive Software, Inc. (I)   16,909    762,258 
Tangoe, Inc. (I)   6,073    50,102 
Telenav, Inc. (I)   7,462    42,757 
The Rubicon Project, Inc. (I)   7,493    62,042 
The Sage Group PLC   260,074    2,484,913 
The Ultimate Software Group, Inc. (I)   13,163    2,690,386 
TiVo Corp. (I)   23,786    463,351 
Trend Micro, Inc.   27,064    944,132 
TubeMogul, Inc. (I) (L)   4,988    46,738 
Tyler Technologies, Inc. (I)   15,001    2,568,621 
Varonis Systems, Inc. (I)   2,243    67,514 
VASCO Data Security International, Inc. (I)   6,250    110,063 
Verint Systems, Inc. (I)   12,667    476,659 
VirnetX Holding Corp. (I) (L)   11,171    34,183 
Workiva, Inc. (I) (L)   4,667    84,613 
Zendesk, Inc. (I)   16,561    508,588 
Zix Corp. (I)   12,156    49,840 
         326,724,684 
Technology hardware, storage and peripherals - 2.4%          
3D Systems Corp. (I) (L)   70,482    1,265,152 
Apple, Inc.   1,551,359    175,381,135 
Avid Technology, Inc. (I)   7,009    55,651 
Brother Industries, Ltd.   56,836    999,267 
Canon, Inc.   257,063    7,463,144 
Cray, Inc. (I)   8,227    193,664 

 

The accompanying notes are an integral part of the financial statements.

245

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Technology hardware, storage and peripherals (continued)          
Diebold, Inc.   47,920   $1,187,937 
Eastman Kodak Company (I) (L)   3,597    53,955 
Electronics For Imaging, Inc. (I)   9,540    466,697 
FUJIFILM Holdings Corp.   105,394    3,904,097 
Hewlett Packard Enterprise Company   476,752    10,846,108 
HP, Inc.   490,934    7,624,205 
Immersion Corp. (I)   6,291    51,335 
Konica Minolta, Inc.   108,786    921,233 
Lexmark International, Inc., Class A   28,552    1,140,938 
NCR Corp. (I)   55,836    1,797,361 
NEC Corp.   627,846    1,619,362 
NetApp, Inc.   82,863    2,968,153 
Nimble Storage, Inc. (I)   13,226    116,786 
Pure Storage, Inc., Class A (I) (L)   13,974    189,348 
Ricoh Company, Ltd.   161,516    1,461,625 
Seagate Technology PLC   85,343    3,289,973 
Seiko Epson Corp.   67,400    1,297,814 
Silicon Graphics International Corp. (I)   7,945    61,177 
Stratasys, Ltd. (I)   10,043    241,936 
Super Micro Computer, Inc. (I)   7,938    185,511 
USA Technologies, Inc. (I) (L)   8,090    45,344 
Western Digital Corp.   80,778    4,723,090 
         229,551,998 
         1,499,776,308 
Materials - 4.6%          
Chemicals - 2.6%          
A. Schulman, Inc.   5,916    172,274 
AgroFresh Solutions, Inc. (I)   5,110    27,032 
Air Liquide SA   93,359    10,011,488 
Air Products & Chemicals, Inc.   62,601    9,411,434 
Air Water, Inc.   35,407    668,612 
Akzo Nobel NV   59,663    4,035,596 
Albemarle Corp.   32,226    2,755,001 
American Vanguard Corp.   5,869    94,256 
Arkema SA   16,263    1,505,665 
Asahi Kasei Corp.   303,757    2,420,689 
Ashland Global Holdings, Inc.   28,115    3,259,934 
Balchem Corp.   6,483    502,627 
BASF SE   221,321    18,950,667 
Cabot Corp.   28,441    1,490,593 
Calgon Carbon Corp.   10,315    156,479 
CF Industries Holdings, Inc.   66,162    1,611,045 
Chase Corp.   1,466    101,330 
Chemtura Corp. (I)   12,988    426,136 
Chr. Hansen Holding A/S   23,826    1,419,188 
Codexis, Inc. (I)   7,817    34,707 
Covestro AG (S)   17,099    1,011,885 
Croda International PLC   31,630    1,427,279 
Daicel Corp.   67,485    852,813 
E.I. du Pont de Nemours & Company   250,581    16,781,410 
Eastman Chemical Company   42,576    2,881,544 
Ecolab, Inc.   75,736    9,218,586 
EMS-Chemie Holding AG   1,968    1,057,812 
Evonik Industries AG   38,955    1,318,795 
Ferro Corp. (I)   17,006    234,853 
Flotek Industries, Inc. (I) (L)   10,699    155,563 
FMC Corp.   38,787    1,874,964 
FutureFuel Corp.   5,328    60,100 
GCP Applied Technologies, Inc. (I)   14,497    410,555 
Givaudan SA   2,225    4,536,151 
Hawkins, Inc.   2,026    87,787 
HB Fuller Company   10,151    471,717 

 

Strategic Equity Allocation Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Chemicals (continued)          
Hitachi Chemical Company, Ltd.   25,170   $578,329 
Incitec Pivot, Ltd.   403,477    876,924 
Ingevity Corp. (I)   8,699    401,024 
Innophos Holdings, Inc.   3,957    154,442 
Innospec, Inc.   4,781    290,733 
International Flavors & Fragrances, Inc.   22,871    3,269,867 
Israel Chemicals, Ltd.   124,240    483,986 
Johnson Matthey PLC   46,638    1,989,309 
JSR Corp.   46,190    725,991 
K+S AG (L)   45,898    871,542 
Kaneka Corp.   66,100    523,342 
Kansai Paint Company, Ltd.   52,554    1,152,015 
KMG Chemicals, Inc.   1,974    55,923 
Koninklijke DSM NV   43,709    2,951,903 
Koppers Holdings, Inc. (I)   4,167    134,094 
Kraton Corp. (I)   6,018    210,871 
Kronos Worldwide, Inc. (L)   4,862    40,306 
Kuraray Company, Ltd.   85,573    1,269,475 
LANXESS AG   22,073    1,373,982 
Linde AG   44,757    7,605,137 
LSB Industries, Inc. (I) (L)   4,427    37,984 
LyondellBasell Industries NV, Class A   97,972    7,902,422 
Minerals Technologies, Inc.   22,948    1,622,194 
Mitsubishi Chemical Holdings Corp.   326,733    2,048,420 
Mitsubishi Gas Chemical Company, Inc.   43,370    620,931 
Mitsui Chemicals, Inc.   221,590    1,054,048 
Monsanto Company   125,316    12,807,295 
NewMarket Corp.   4,195    1,800,997 
Nippon Paint Holdings Company, Ltd.   39,200    1,311,742 
Nitto Denko Corp.   39,787    2,583,998 
Novozymes A/S, B Shares   55,580    2,451,404 
OCI NV (I) (L)   23,674    348,906 
Olin Corp.   109,038    2,237,460 
OMNOVA Solutions, Inc. (I)   8,953    75,563 
Orica, Ltd.   89,957    1,053,821 
PolyOne Corp.   55,375    1,872,229 
PPG Industries, Inc.   76,331    7,889,572 
Praxair, Inc.   81,831    9,887,640 
Quaker Chemical Corp.   2,606    276,054 
Rayonier Advanced Materials, Inc. (L)   8,930    119,394 
RPM International, Inc.   60,551    3,252,800 
Sensient Technologies Corp.   29,484    2,234,887 
Shin-Etsu Chemical Company, Ltd.   93,746    6,540,921 
Sika AG   518    2,523,748 
Solvay SA   17,853    2,068,665 
Stepan Company   3,998    290,495 
Sumitomo Chemical Company, Ltd.   378,844    1,683,359 
Symrise AG   29,738    2,180,823 
Syngenta AG   22,395    9,807,722 
Taiyo Nippon Sanso Corp.   32,557    339,694 
Teijin, Ltd.   44,649    866,185 
TerraVia Holdings, Inc. (I) (L)   18,963    52,148 
The Chemours Company   37,558    600,928 
The Dow Chemical Company   326,155    16,904,614 
The Mosaic Company   100,369    2,455,026 
The Scotts Miracle-Gro Company, Class A   20,651    1,719,609 
The Sherwin-Williams Company   23,322    6,452,265 
The Valspar Corp.   33,046    3,505,189 
Toray Industries, Inc.   353,672    3,444,588 
Trecora Resources (I)   4,680    53,446 
Tredegar Corp.   5,430    100,944 
Trinseo SA   5,828    329,632 
Tronox, Ltd., Class A   13,434    125,877 

 

The accompanying notes are an integral part of the financial statements.

246

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Chemicals (continued)          
Umicore SA   22,938   $1,440,253 
Yara International ASA   43,090    1,435,888 
         254,807,542 
Construction materials - 0.3%          
Boral, Ltd.   177,979    925,841 
CRH PLC   192,325    6,386,341 
CRH PLC (London Stock Exchange)   7,591    251,293 
Eagle Materials, Inc.   21,737    1,680,270 
Fletcher Building, Ltd.   166,590    1,304,640 
Headwaters, Inc. (I)   14,909    252,260 
HeidelbergCement AG   33,981    3,213,642 
Imerys SA   8,646    624,476 
James Hardie Industries PLC   107,324    1,680,303 
LafargeHolcim, Ltd. (I)   109,684    5,941,043 
Martin Marietta Materials, Inc.   18,219    3,263,205 
Summit Materials, Inc., Class A (I)   15,449    286,579 
Taiheiyo Cement Corp.   288,701    830,726 
U.S. Concrete, Inc. (I)   2,909    134,003 
Vulcan Materials Company   38,191    4,343,462 
         31,118,084 
Containers and packaging - 0.4%          
AEP Industries, Inc.   840    91,871 
Amcor, Ltd.   278,972    3,249,270 
AptarGroup, Inc.   28,525    2,208,120 
Avery Dennison Corp.   25,594    1,990,957 
Ball Corp.   49,965    4,094,632 
Bemis Company, Inc.   43,159    2,201,541 
Greif, Inc., Class A   17,000    843,030 
Greif, Inc., Class B   1,160    70,284 
International Paper Company   117,957    5,659,577 
Multi Packaging          
Solutions International, Ltd. (I)   4,328    62,366 
Myers Industries, Inc.   4,777    62,053 
Owens-Illinois, Inc. (I)   45,350    833,987 
Packaging Corp. of America   42,640    3,464,926 
Sealed Air Corp.   56,391    2,583,836 
Silgan Holdings, Inc.   18,467    934,246 
Sonoco Products Company   45,484    2,402,920 
Toyo Seikan Group Holdings, Ltd.   38,829    686,468 
UFP Technologies, Inc. (I)   1,567    41,526 
WestRock Company   72,457    3,512,715 
         34,994,325 
Metals and mining - 1.2%          
AK Steel Holding Corp. (I) (L)   48,843    235,912 
Alcoa, Inc.   377,456    3,827,404 
Allegheny Technologies, Inc. (L)   71,900    1,299,233 
Alumina, Ltd.   583,704    657,164 
Anglo American PLC (I)   337,873    4,213,545 
Antofagasta PLC   95,125    644,369 
ArcelorMittal (I)   443,035    2,701,784 
BHP Billiton PLC   508,910    7,653,269 
BHP Billiton, Ltd.   773,840    13,404,825 
Boliden AB   65,983    1,550,908 
Carpenter Technology Corp.   30,711    1,267,136 
Century Aluminum Company (I)   10,832    75,282 
Cliffs Natural Resources, Inc. (I) (L)   36,074    211,033 
Coeur Mining, Inc. (I)   33,086    391,407 
Commercial Metals Company   75,547    1,223,106 
Compass Minerals International, Inc. (L)   15,397    1,134,759 
Ferroglobe PLC   13,610    122,898 
Fortescue Metals Group, Ltd.   374,864    1,434,820 

 

Strategic Equity Allocation Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Metals and mining (continued)          
Freeport-McMoRan, Inc.   359,278   $3,901,759 
Fresnillo PLC   53,264    1,249,793 
Glencore PLC (I)   2,948,097    8,072,395 
Gold Resource Corp. (L)   10,743    79,713 
Haynes International, Inc.   2,648    98,267 
Hecla Mining Company   77,595    442,292 
Hitachi Metals, Ltd.   52,764    649,113 
JFE Holdings, Inc.   125,833    1,839,486 
Kaiser Aluminum Corp.   3,623    313,353 
Kobe Steel, Ltd. (I)   75,893    688,342 
Lonmin PLC (I)   312    807 
Maruichi Steel Tube, Ltd.   13,361    462,000 
Materion Corp.   4,181    128,399 
Mitsubishi Materials Corp.   26,669    729,463 
Newcrest Mining, Ltd.   184,669    3,117,236 
Newmont Mining Corp.   152,233    5,981,235 
Nippon Steel & Sumitomo Metal Corp.   194,600    3,993,267 
Norsk Hydro ASA   324,223    1,401,865 
Nucor Corp.   91,265    4,513,054 
Olympic Steel, Inc.   2,109    46,609 
Randgold Resources, Ltd.   22,573    2,262,357 
Real Industry, Inc. (I)   6,176    37,797 
Reliance Steel & Aluminum Company   32,969    2,374,757 
Rio Tinto PLC   298,086    9,907,242 
Rio Tinto, Ltd.   102,196    4,065,405 
Royal Gold, Inc.   29,494    2,283,720 
Ryerson Holding Corp. (I)   2,762    31,183 
Schnitzer Steel Industries, Inc., Class A   5,481    114,553 
South32, Ltd.   1,282,881    2,390,287 
Steel Dynamics, Inc.   110,155    2,752,773 
Stillwater Mining Company (I)   25,036    334,481 
Sumitomo Metal Mining Company, Ltd.   118,772    1,640,448 
SunCoke Energy, Inc.   13,605    109,112 
thyssenkrupp AG   88,596    2,116,813 
TimkenSteel Corp. (I)   8,359    87,352 
United States Steel Corp. (L)   76,408    1,441,055 
voestalpine AG   27,358    945,791 
Worthington Industries, Inc.   29,160    1,400,555 
         114,052,983 
Paper and forest products - 0.1%          
Boise Cascade Company (I)   8,014    203,556 
Clearwater Paper Corp. (I)   3,444    222,723 
Deltic Timber Corp.   2,202    149,141 
Domtar Corp.   28,526    1,059,170 
KapStone Paper and Packaging Corp.   17,690    334,695 
Louisiana-Pacific Corp. (I)   93,654    1,763,505 
Mondi PLC   88,503    1,859,446 
Neenah Paper, Inc.   3,342    264,051 
Oji Holdings Corp.   195,338    774,229 
PH Glatfelter Company   8,948    193,993 
Schweitzer-Mauduit International, Inc.   6,163    237,645 
Stora Enso OYJ, R Shares   132,782    1,179,534 
UPM-Kymmene OYJ   128,628    2,715,923 
         10,957,611 
         445,930,545 
Real estate - 4.1%          
Equity real estate investment trusts - 3.4%          
Acadia Realty Trust   14,293    517,978 
Agree Realty Corp.   4,481    221,541 
Alexander’s, Inc.   434    182,106 
Alexandria Real Estate Equities, Inc.   35,380    3,848,283 

 

The accompanying notes are an integral part of the financial statements.

247

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Equity real estate investment trusts (continued)          
American Assets Trust, Inc.   7,995   $346,823 
American Campus Communities, Inc.   59,027    3,002,703 
American Tower Corp.   123,747    14,024,248 
Apartment Investment & Management          
Company, Class A   44,410    2,038,863 
Armada Hoffler Properties, Inc.   6,647    89,070 
Ascendas Real Estate Investment Trust   548,031    1,014,670 
Ashford Hospitality Prime, Inc.   5,512    77,719 
Ashford Hospitality Trust, Inc.   17,118    100,825 
AvalonBay Communities, Inc.   39,344    6,996,937 
BGP Holdings PLC (I)   1,525,695    97,692 
Bluerock Residential Growth REIT, Inc.   4,705    61,165 
Boston Properties, Inc.   44,071    6,006,437 
Camden Property Trust   39,654    3,320,626 
CapitaLand Commercial Trust   486,496    568,979 
CapitaLand Mall Trust   593,981    946,318 
Care Capital Properties, Inc.   38,258    1,090,353 
CareTrust REIT, Inc.   12,056    178,188 
CatchMark Timber Trust, Inc., Class A   8,799    102,860 
CBL & Associates Properties, Inc.   34,543    419,352 
Cedar Realty Trust, Inc.   17,809    128,225 
Chatham Lodging Trust   7,787    149,900 
Chesapeake Lodging Trust   12,283    281,281 
City Office REIT, Inc.   5,132    65,330 
Colony Starwood Homes   13,265    380,706 
Communications Sales & Leasing, Inc. (I)   61,750    1,939,568 
Community Healthcare Trust, Inc.   3,075    67,404 
CorEnergy Infrastructure Trust, Inc.   2,542    74,557 
CoreSite Realty Corp.   6,788    502,584 
Corporate Office Properties Trust   43,139    1,222,991 
Corrections Corp. of America   53,544    742,655 
Cousins Properties, Inc.   42,487    443,564 
Crown Castle International Corp.   96,634    9,103,889 
DCT Industrial Trust, Inc.   40,854    1,983,462 
Dexus Property Group   233,178    1,638,906 
DiamondRock Hospitality Company   41,072    373,755 
Digital Realty Trust, Inc.   42,126    4,091,277 
Douglas Emmett, Inc.   65,063    2,383,258 
Duke Realty Corp.   159,111    4,348,504 
DuPont Fabros Technology, Inc.   15,040    620,400 
Easterly Government Properties, Inc.   6,785    129,458 
EastGroup Properties, Inc.   6,376    469,019 
Education Realty Trust, Inc.   46,504    2,006,183 
EPR Properties   28,987    2,282,436 
Equinix, Inc.   20,579    7,413,585 
Equity One, Inc.   41,446    1,268,662 
Equity Residential   104,908    6,748,732 
Essex Property Trust, Inc.   18,764    4,178,743 
Extra Space Storage, Inc.   35,927    2,852,963 
Farmland Partners, Inc. (L)   3,267    36,590 
Federal Realty Investment Trust   20,343    3,131,398 
FelCor Lodging Trust, Inc.   28,438    182,856 
First Industrial Realty Trust, Inc.   76,801    2,167,324 
First Potomac Realty Trust   12,437    113,799 
Fonciere Des Regions   8,019    747,240 
Four Corners Property Trust, Inc.   12,173    259,650 
Franklin Street Properties Corp.   19,955    251,433 
Gecina SA   9,918    1,562,973 
General Growth Properties, Inc.   167,265    4,616,514 
Getty Realty Corp.   5,507    131,783 
Gladstone Commercial Corp.   5,366    99,969 
Global Net Lease, Inc. (L)   35,206    287,281 
Goodman Group   428,425    2,401,186 

 

Strategic Equity Allocation Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Equity real estate investment trusts (continued)          
Government Properties Income Trust   14,325   $324,032 
Gramercy Property Trust   85,729    826,428 
Hammerson PLC   190,477    1,449,674 
HCP, Inc.   134,006    5,085,528 
Healthcare Realty Trust, Inc.   75,391    2,567,817 
Hersha Hospitality Trust   8,519    153,512 
Highwoods Properties, Inc.   44,799    2,334,924 
Hospitality Properties Trust   74,482    2,213,605 
Host Hotels & Resorts, Inc.   214,518    3,340,045 
Hudson Pacific Properties, Inc.   18,927    622,130 
ICADE   8,878    692,733 
Independence Realty Trust, Inc.   8,960    80,640 
InfraREIT, Inc. (I)   4,498    81,594 
Intu Properties PLC   226,852    869,729 
Investors Real Estate Trust   25,455    151,457 
Iron Mountain, Inc.   68,650    2,576,435 
Japan Prime Realty Investment Corp.   200    902,970 
Japan Real Estate Investment Corp.   316    1,889,653 
Japan Retail Fund Investment Corp.   615    1,516,816 
Keppel REIT   21,160    17,310 
Kilroy Realty Corp.   41,718    2,893,143 
Kimco Realty Corp.   120,468    3,487,549 
Kite Realty Group Trust   16,852    467,137 
Klepierre   53,033    2,434,369 
Lamar Advertising Company, Class A   37,572    2,453,827 
Land Securities Group PLC   190,566    2,611,465 
LaSalle Hotel Properties   73,238    1,748,191 
Lexington Realty Trust   46,870    482,761 
Liberty Property Trust   66,311    2,675,649 
Life Storage, Inc.   21,123    1,878,680 
Link REIT   540,404    3,989,311 
LTC Properties, Inc.   7,580    394,084 
Mack-Cali Realty Corp.   59,013    1,606,334 
Medical Properties Trust, Inc.   158,212    2,336,791 
Mid-America Apartment Communities, Inc.   34,196    3,214,082 
Mirvac Group   891,810    1,537,475 
Monmouth Real Estate Investment Corp.   12,902    184,112 
Monogram Residential Trust, Inc.   34,543    367,538 
National Health Investors, Inc.   7,477    586,795 
National Retail Properties, Inc.   66,710    3,392,204 
National Storage Affiliates Trust   7,090    148,465 
New Senior Investment Group, Inc.   15,820    182,563 
New York REIT, Inc.   34,138    312,363 
Nexpoint Residential Trust, Inc.   3,995    78,542 
Nippon Building Fund, Inc.   340    2,154,188 
Nippon Prologis REIT, Inc.   375    948,467 
Nomura Real Estate Master Fund, Inc.   950    1,584,466 
NorthStar Realty Europe Corp.   12,548    137,401 
Omega Healthcare Investors, Inc.   87,768    3,111,376 
One Liberty Properties, Inc.   3,257    78,689 
Parkway Properties, Inc.   16,575    281,941 
Pebblebrook Hotel Trust   14,623    388,972 
Pennsylvania Real Estate Investment Trust   14,053    323,641 
Physicians Realty Trust   27,434    590,928 
Post Properties, Inc.   24,379    1,612,183 
Potlatch Corp.   26,958    1,048,397 
Preferred Apartment Communities, Inc.   5,187    70,076 
Prologis, Inc.   150,723    8,069,709 
PS Business Parks, Inc.   3,935    446,898 
Public Storage   43,260    9,653,036 
QTS Realty Trust, Inc., Class A   9,391    496,314 
RAIT Financial Trust   21,653    73,187 
Ramco-Gershenson Properties Trust   16,293    305,331 

 

The accompanying notes are an integral part of the financial statements.

248

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Equity real estate investment trusts (continued)          
Rayonier, Inc.   55,849   $1,482,232 
Realty Income Corp.   73,904    4,946,395 
Regency Centers Corp.   47,411    3,673,878 
Retail Opportunity Investments Corp.   21,847    479,760 
Rexford Industrial Realty, Inc.   13,427    307,344 
RLJ Lodging Trust   24,872    523,058 
Ryman Hospitality Properties   8,821    424,819 
Sabra Health Care REIT, Inc.   13,369    336,631 
Saul Centers, Inc.   2,061    137,263 
Scentre Group   1,282,541    4,630,208 
Segro PLC   199,733    1,173,446 
Select Income REIT   12,907    347,198 
Senior Housing Properties Trust   107,291    2,436,579 
Seritage Growth Properties (L)   5,115    259,228 
Silver Bay Realty Trust Corp.   6,961    122,026 
Simon Property Group, Inc.   90,626    18,760,488 
SL Green Realty Corp.   28,759    3,108,848 
STAG Industrial, Inc.   14,062    344,660 
Stockland   576,289    2,110,613 
Summit Hotel Properties, Inc.   17,681    232,682 
Sunstone Hotel Investors, Inc.   44,219    565,561 
Suntec Real Estate Investment Trust   578,200    729,101 
Tanger Factory Outlet Centers, Inc.   43,318    1,687,669 
Taubman Centers, Inc.   27,504    2,046,573 
Terreno Realty Corp.   8,676    238,677 
The British Land Company PLC   235,668    1,930,338 
The GEO Group, Inc.   14,923    354,869 
The GPT Group   433,138    1,686,662 
The Macerich Company   36,233    2,930,163 
Tier REIT, Inc.   9,980    154,091 
UDR, Inc.   76,666    2,759,209 
UMH Properties, Inc.   6,367    75,895 
Unibail-Rodamco SE   715    192,787 
Unibail-Rodamco SE (Amsterdam          
Stock Exchange)   23,160    6,244,693 
United Urban Investment Corp.   709    1,289,623 
Universal Health Realty Income Trust   2,584    162,844 
Urban Edge Properties   59,375    1,670,813 
Urstadt Biddle Properties, Inc., Class A   5,427    120,588 
Ventas, Inc.   101,699    7,183,000 
Vicinity Centres   810,651    1,976,986 
Vornado Realty Trust   50,910    5,152,601 
Washington Prime Group, Inc.   122,428    1,515,659 
Washington Real Estate Investment Trust   14,886    463,252 
Weingarten Realty Investors   53,338    2,079,115 
Welltower, Inc.   102,384    7,655,252 
Westfield Corp. (I)   475,561    3,558,429 
Weyerhaeuser Company   214,289    6,844,391 
Whitestone REIT   5,948    82,558 
Xenia Hotels & Resorts, Inc.   21,207    321,922 
         325,182,068 
Real estate management and development - 0.7%          
Aeon Mall Company, Ltd.   27,231    430,110 
Alexander & Baldwin, Inc.   30,580    1,174,884 
Altisource Asset Management Corp. (I)   164    3,034 
Altisource Portfolio Solutions SA (I)   2,379    77,080 
AV Homes, Inc. (I)   2,937    48,872 
Azrieli Group   9,926    434,883 
CapitaLand, Ltd.   618,284    1,459,625 
CBRE Group, Inc., Class A (I)   83,420    2,334,092 
Cheung Kong Property Holdings, Ltd.   648,562    4,770,728 
City Developments, Ltd.   98,713    660,233 
Consolidated-Tomoka Land Company   972    49,757 

 

Strategic Equity Allocation Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Real estate management and development (continued)          
Daito Trust Construction Company, Ltd.   16,860   $2,696,581 
Daiwa House Industry Company, Ltd.   136,506    3,746,363 
Deutsche Wohnen AG   81,355    2,960,350 
Forestar Group, Inc. (I)   7,309    85,588 
FRP Holdings, Inc. (I)   1,464    45,486 
Global Logistic Properties, Ltd.   642,586    886,352 
Hang Lung Properties, Ltd.   542,313    1,230,149 
Henderson Land Development Company, Ltd.   263,197    1,570,434 
HFF, Inc., Class A   7,439    205,986 
Hongkong Land Holdings, Ltd.   283,500    2,019,875 
Hulic Company, Ltd.   73,169    747,589 
Hysan Development Company, Ltd.   149,279    702,366 
Jones Lang LaSalle, Inc.   20,564    2,339,978 
Kennedy-Wilson Holdings, Inc.   16,927    381,704 
Kerry Properties, Ltd.   155,555    511,040 
LendLease Group   133,310    1,444,610 
Marcus & Millichap, Inc. (I)   3,180    83,157 
Mitsubishi Estate Company, Ltd.   301,124    5,651,061 
Mitsui Fudosan Company, Ltd.   214,826    4,570,296 
New World Development Company, Ltd.   1,357,569    1,780,170 
Nomura Real Estate Holdings, Inc.   30,563    516,617 
NTT Urban Development Corp.   28,000    270,511 
RE/MAX Holdings, Inc., Class A   3,570    156,295 
Sino Land Company, Ltd.   743,722    1,325,557 
Stratus Properties, Inc. (I)   1,583    38,625 
Sumitomo Realty &          
Development Company, Ltd.   86,483    2,241,708 
Sun Hung Kai Properties, Ltd.   348,977    5,305,412 
Swire Pacific, Ltd., Class A   130,877    1,417,429 
Swire Properties, Ltd.   282,091    829,677 
Swiss Prime Site AG (I)   16,916    1,485,553 
Tejon Ranch Company (I)   3,029    73,665 
The RMR Group, Inc., Class A   1,523    57,783 
The St. Joe Company (I)   10,480    192,622 
The Wharf Holdings, Ltd.   328,963    2,413,461 
Tokyo Tatemono Company, Ltd.   50,600    608,676 
Tokyu Fudosan Holdings Corp.   121,681    661,716 
UOL Group, Ltd.   118,545    489,995 
Vonovia SE   112,301    4,257,234 
Wheelock & Company, Ltd.   195,456    1,160,963 
         68,605,932 
         393,788,000 
Telecommunication services - 3.0%          
Diversified telecommunication services - 2.4%          
AT&T, Inc.   1,771,612    71,945,163 
ATN International, Inc.   2,137    138,990 
Bezeq The          
Israeli Telecommunication Corp., Ltd.   501,159    945,578 
BT Group PLC   2,033,321    10,230,284 
CenturyLink, Inc.   156,476    4,292,137 
Cincinnati Bell, Inc. (I)   43,250    176,460 
Cogent Communications Holdings, Inc.   8,319    306,222 
Consolidated Communications Holdings, Inc.   9,942    250,936 
Deutsche Telekom AG   777,084    13,055,397 
Elisa OYJ   34,320    1,264,804 
FairPoint Communications, Inc. (I)   4,447    66,838 
Frontier Communications Corp. (L)   341,284    1,419,741 
General Communication, Inc., Class A (I)   6,112    84,040 
Globalstar, Inc. (I) (L)   77,993    94,372 
Hawaiian Telcom Holdco, Inc. (I)   1,509    33,787 
HKT Trust and HKT, Ltd.   639,421    899,164 
IDT Corp., Class B   3,779    65,150 

 

The accompanying notes are an integral part of the financial statements.

249

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Diversified telecommunication services (continued)          
Iliad SA   6,373   $1,337,925 
Inmarsat PLC   108,129    985,733 
Inteliquent, Inc.   6,818    110,043 
Iridium Communications, Inc. (I) (L)   17,180    139,330 
Koninklijke KPN NV   823,233    2,731,271 
Level 3 Communications, Inc. (I)   83,117    3,854,966 
Lumos Networks Corp. (I)   4,399    61,586 
Nippon Telegraph & Telephone Corp.   166,700    7,624,183 
Orange SA   478,736    7,500,613 
ORBCOMM, Inc. (I)   13,271    136,028 
PCCW, Ltd.   1,010,317    622,269 
pdvWireless, Inc. (I) (L)   2,148    49,189 
Proximus SADP   36,689    1,097,587 
SFR Group SA   26,017    766,343 
Singapore Telecommunications, Ltd.   1,437,549    4,204,674 
Singapore Telecommunications, Ltd.   484,605    1,416,695 
Spark New Zealand, Ltd.   440,628    1,159,250 
Straight Path          
Communications, Inc., Class B (I) (L)   2,066    52,910 
Swisscom AG   6,244    2,970,079 
TDC A/S (I)   195,090    1,148,958 
Telecom Italia SpA (I)   2,441,364    2,028,529 
Telecom Italia SpA (I)   1,449,934    984,277 
Telefonica Deutschland Holding AG   176,979    713,565 
Telefonica SA   1,078,954    10,911,504 
Telenor ASA   180,945    3,111,511 
Telia Company AB   626,674    2,806,924 
Telstra Corp., Ltd.   1,031,068    4,110,985 
TPG Telecom, Ltd.   80,236    532,431 
Verizon Communications, Inc.   1,173,930    61,020,881 
Vocus Communications, Ltd.   121,896    584,592 
Vonage Holdings Corp. (I)   39,210    259,178 
Windstream Holdings, Inc. (L)   19,494    195,915 
         230,498,987 
Wireless telecommunication services - 0.6%          
Boingo Wireless, Inc. (I)   7,736    79,526 
KDDI Corp.   442,000    13,694,044 
Leap Wireless International, Inc. (I)   16,665    52,495 
Millicom International Cellular SA   15,784    817,791 
NII Holdings, Inc. (I)   11,769    39,191 
NTT DOCOMO, Inc.   333,876    8,481,452 
Shenandoah Telecommunications Company   9,472    257,733 
SoftBank Group Corp.   231,387    14,995,860 
Spok Holdings, Inc.   4,474    79,727 
StarHub, Ltd.   144,611    365,149 
Tele2 AB, B Shares   77,036    664,980 
Telephone & Data Systems, Inc.   42,183    1,146,534 
Vodafone Group PLC   6,400,023    18,354,769 
         59,029,251 
         289,528,238 
Utilities - 3.5%          
Electric utilities - 1.9%          
ALLETE, Inc.   10,088    601,447 
Alliant Energy Corp.   65,208    2,498,118 
American Electric Power Company, Inc.   140,936    9,049,501 
AusNet Services   434,384    547,507 
Cheung Kong Infrastructure Holdings, Ltd.   159,843    1,378,634 
Chubu Electric Power Company, Inc.   155,229    2,258,656 
CLP Holdings, Ltd.   395,334    4,094,496 
Contact Energy, Ltd.   168,831    619,666 
Duke Energy Corp.   200,275    16,030,011 

 

Strategic Equity Allocation Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Electric utilities (continued)          
Edison International   93,471   $6,753,280 
EDP - Energias de Portugal SA   557,885    1,872,265 
El Paso Electric Company   8,272    386,881 
Electricite de France SA (L)   59,870    728,750 
Endesa SA   76,542    1,641,038 
Enel SpA   1,836,806    8,186,128 
Entergy Corp.   51,276    3,934,407 
Eversource Energy   90,987    4,929,676 
Exelon Corp.   264,439    8,803,174 
FirstEnergy Corp.   121,787    4,028,714 
Fortum OYJ   107,030    1,729,596 
Great Plains Energy, Inc.   94,090    2,567,716 
Hawaiian Electric Industries, Inc.   49,175    1,467,874 
HK Electric Investments & HK          
Electric Investments, Ltd. (S)   628,500    616,190 
Hokuriku Electric Power Company   41,392    504,404 
Iberdrola SA   1,306,363    8,882,485 
IDACORP, Inc.   33,173    2,596,782 
Kyushu Electric Power Company, Inc.   102,818    965,074 
Mercury NZ, Ltd.   172,335    382,177 
MGE Energy, Inc.   7,264    410,489 
NextEra Energy, Inc.   134,790    16,487,513 
OGE Energy Corp.   90,367    2,857,405 
Otter Tail Corp.   7,761    268,453 
PG&E Corp.   145,722    8,913,815 
Pinnacle West Capital Corp.   31,843    2,419,750 
PNM Resources, Inc.   52,507    1,718,029 
Portland General Electric Company   18,094    770,623 
Power Assets Holdings, Ltd.   334,236    3,270,723 
PPL Corp.   194,241    6,714,911 
Red Electrica Corp. SA   104,284    2,249,815 
Shikoku Electric Power Company, Inc.   40,725    402,731 
Spark Energy, Inc., Class A (L)   1,153    33,587 
SSE PLC   242,734    4,928,883 
Terna Rete Elettrica Nazionale SpA   362,849    1,870,321 
The Chugoku Electric Power Company, Inc.   67,036    842,932 
The Empire District Electric Company   9,075    309,821 
The Kansai Electric Power Company, Ltd. (I)   169,624    1,543,135 
The Southern Company   282,496    14,492,045 
Tohoku Electric Power Company, Inc.   109,065    1,422,312 
Tokyo Electric Power Company, Inc. (I)   348,540    1,509,842 
Westar Energy, Inc.   64,211    3,643,974 
Xcel Energy, Inc.   145,718    5,994,839 
         181,130,595 
Gas utilities - 0.4%          
APA Group   268,182    1,757,010 
Atmos Energy Corp.   47,129    3,509,697 
Chesapeake Utilities Corp.   2,966    181,104 
Delta Natural Gas Company, Inc.   2,064    49,226 
Enagas SA   54,639    1,643,664 
Gas Natural SDG SA   84,401    1,735,120 
Hong Kong & China Gas Company, Ltd.   1,837,885    3,489,770 
National Fuel Gas Company   38,716    2,093,374 
New Jersey Resources Corp.   56,587    1,859,449 
Northwest Natural Gas Company   5,523    331,988 
ONE Gas, Inc.   34,208    2,115,423 
Osaka Gas Company, Ltd.   451,377    1,893,174 
Snam SpA   590,118    3,272,123 
South Jersey Industries, Inc.   16,259    480,453 
Southwest Gas Corp.   31,030    2,167,756 
Spire, Inc.   8,999    573,596 
Toho Gas Company, Ltd.   90,924    851,429 
Tokyo Gas Company, Ltd.   490,484    2,182,172 

 

The accompanying notes are an integral part of the financial statements.

250

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Equity Allocation Trust (continued)

 

    Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Gas utilities (continued)          
UGI Corp.   78,707   $3,560,705 
WGL Holdings, Inc.   33,491    2,099,886 
         35,847,119 
Independent power and renewable electricity producers - 0.1%          
AES Corp.   189,221    2,431,490 
Atlantic Power Corp.   27,039    66,786 
Atlantica Yield PLC (L)   12,194    231,808 
Dynegy, Inc. (I)   24,080    298,351 
Electric Power Development Company, Ltd.   35,248    847,161 
Meridian Energy, Ltd.   307,579    583,089 
NRG Energy, Inc.   90,584    1,015,447 
NRG Yield, Inc., Class A   7,829    127,769 
NRG Yield, Inc., Class C   12,688    215,188 
Ormat Technologies, Inc.   8,029    388,684 
Pattern Energy Group, Inc.   12,069    271,432 
Talen Energy Corp. (I)   56,315    779,963 
TerraForm Global, Inc., Class A (I)   19,615    80,618 
TerraForm Power, Inc., Class A (I) (L)   18,002    250,408 
Uniper SE (I)   50,026    612,825 
         8,201,019 
Multi-utilities - 1.0%          
AGL Energy, Ltd.   162,485    2,378,830 
Ameren Corp.   69,617    3,423,764 
Avista Corp.   12,782    534,160 
Black Hills Corp.   34,301    2,099,907 
CenterPoint Energy, Inc.   123,645    2,872,273 
Centrica PLC   1,307,074    3,864,703 
CMS Energy Corp.   80,127    3,366,135 
Consolidated Edison, Inc.   87,249    6,569,850 
Dominion Resources, Inc.   180,606    13,413,608 
DTE Energy Company   51,483    4,822,413 
DUET Group   591,520    1,138,856 
E.ON SE   482,186    3,427,132 
Engie SA   352,055    5,458,506 
MDU Resources Group, Inc.   88,156    2,242,689 
National Grid PLC   902,581    12,746,982 
NiSource, Inc.   91,378    2,203,124 
NorthWestern Corp.   31,392    1,805,982 
Public Service Enterprise Group, Inc.   145,151    6,077,472 
RWE AG (I)   117,917    2,036,369 
SCANA Corp.   41,028    2,969,196 
Sempra Energy   71,970    7,714,464 
Suez   78,679    1,300,187 
Unitil Corp.   2,990    116,789 
Vectren Corp.   37,743    1,894,699 
Veolia Environnement SA   108,587    2,502,016 
WEC Energy Group, Inc.   90,543    5,421,715 
         102,401,821 
Water utilities - 0.1%          
American States Water Company   7,505    300,575 
American Water Works Company, Inc.   51,030    3,819,085 
Aqua America, Inc.   80,116    2,441,936 
Artesian Resources Corp., Class A   2,041    58,250 
California Water Service Group   9,851    316,119 
Connecticut Water Service, Inc.   2,324    115,573 
Consolidated Water Company, Ltd. (L)   3,666    42,599 
Middlesex Water Company   3,347    117,948 
Severn Trent PLC   56,669    1,838,788 
SJW Corp.   3,376    147,464 
United Utilities Group PLC   164,176    2,132,440 

 

Strategic Equity Allocation Trust (continued)

 

    Shares or
Principal
Amount		   Value
COMMON STOCKS (continued)          
Water utilities (continued)          
York Water Company   3,006   $89,158 
         11,419,935 
         339,000,489 
TOTAL COMMON STOCKS (Cost $7,164,897,816)       $9,407,934,743 
           
PREFERRED SECURITIES - 0.2%          
Consumer discretionary - 0.1%          
Bayerische Motoren Werke AG   13,136    969,493 
Porsche Automobil Holding SE   36,908    1,887,949 
Schaeffler AG   39,521    625,864 
Volkswagen AG   44,711    5,889,881 
         9,373,187 
Consumer staples - 0.1%          
Henkel AG & Company KGaA   42,927    5,842,403 
Materials - 0.0%          
FUCHS PETROLUB SE   16,522    754,334 
TOTAL PREFERRED SECURITIES (Cost $16,473,698)       $15,969,924 
           
RIGHTS - 0.0%          
Air Liquide SA (Expiration          
Date: 09/28/2016) (I) (N)   77,331    211,202 
Community Health Systems, Inc. (I) (N)   174,338    1,569 
TOTAL RIGHTS (Cost $11,332)       $212,771 
           
SECURITIES LENDING COLLATERAL - 0.9%          
John Hancock          
Collateral Trust, 0.6548% (W) (Y)   8,708,006    87,137,535 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $87,124,760)       $87,137,535 
           
SHORT-TERM INVESTMENTS - 2.2%          
Repurchase agreement - 2.2%          
Repurchase Agreement with State Street Corp.          
dated 09/30/2016 at 0.030% to be          
repurchased at $211,490,529 on 10/03/2016,          
collateralized by $87,555,000 U.S. Treasury          
Inflation Indexed Notes, 0.125% due          
07/15/2026 (valued at $89,087,213,          
including interest) and $123,710,000          
U.S. Treasury Notes, 1.500% due          
05/31/2020 (valued at $126,648,113,          
including interest)  $211,490,000   $211,490,000 
TOTAL SHORT-TERM INVESTMENTS (Cost $211,490,000)       $211,490,000 
Total Investments (Strategic Equity Allocation Trust)
(Cost $7,479,997,606) - 100.6%		       $9,722,744,973 
Other assets and liabilities, net - (0.6%)        (56,794,875)
TOTAL NET ASSETS - 100.0%       $9,665,950,098 

 

The accompanying notes are an integral part of the financial statements.

251

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Income Opportunities Trust

 

     Shares or
Principal
Amount		   Value 
FOREIGN GOVERNMENT           
OBLIGATIONS - 19.4%           
Australia - 2.9%           
New South Wales Treasury Corp.           
6.000%, 05/01/2020 to 03/01/2022   AUD6,260,000   $5,568,655 
Queensland Treasury Corp.           
4.000%, 06/21/2019 (S)    4,160,000    3,367,242 
5.500%, 06/21/2021    3,755,000    3,328,621 
6.000%, 07/21/2022    3,130,000    2,907,308 
6.250%, 02/21/2020    1,125,000    985,591 
7.125%, 09/18/2017 (S)   NZD1,634,000    1,242,309 
          17,399,726 
Canada - 2.0%           
Canada Housing Trust No. 1           
1.700%, 12/15/2017 (S)   CAD2,390,000    1,845,471 
Export Development Canada           
2.400%, 06/07/2021   AUD430,000    331,023 
3.250%, 08/08/2017    740,000    572,406 
Government of Canada           
1.250%, 03/01/2018   CAD4,220,000    3,249,749 
1.500%, 02/01/2017    5,605,000    4,285,810 
Province of British Columbia           
6.600%, 01/09/2020 (S)   INR60,405,000    905,558 
Province of Ontario           
6.250%, 09/29/2020   AUD725,000    634,523 
          11,824,540 
Finland - 0.2%           
Nordic Investment Bank           
1.375%, 07/15/2020   NOK9,740,000    1,230,973 
Indonesia - 1.3%           
Republic of Indonesia           
3.750%, 06/14/2023 (S)   EUR850,000    1,000,727 
7.000%, 05/15/2022 to 05/15/2027   IDR21,168,000,000    1,628,851 
8.250%, 07/15/2021    20,956,000,000    1,689,269 
8.375%, 03/15/2024 to 09/15/2026    32,635,000,000    2,711,899 
8.750%, 05/15/2031    10,265,000,000    884,273 
          7,915,019 
Mexico - 2.2%           
Government of Mexico           
4.600%, 01/23/2046   $1,908,000    1,941,390 
4.750%, 06/14/2018   MXN16,320,000    834,118 
6.500%, 06/10/2021    48,740,000    2,589,754 
7.750%, 05/29/2031    23,298,500    1,359,192 
8.000%, 12/07/2023    23,850,000    1,382,831 
8.500%, 12/13/2018    23,169,500    1,267,507 
10.000%, 12/05/2024    61,032,000    3,976,388 
          13,351,180 
New Zealand - 3.4%           
Dominion of New Zealand           
3.000%, 04/15/2020   NZD4,865,000    3,672,958 
5.000%, 03/15/2019    4,485,000    3,506,404 
6.000%, 12/15/2017 to 05/15/2021    12,258,000    10,033,388 
New Zealand Local Government           
Funding Agency           
5.000%, 03/15/2019    2,690,000    2,078,527 
6.000%, 12/15/2017    1,285,000    976,031 
          20,267,308 
Norway - 1.3%           
Government of Norway           
3.750%, 05/25/2021 (S)   NOK24,935,000    3,521,875 

 

Strategic Income Opportunities Trust (continued)

 

     Shares or
Principal
Amount		   Value 
FOREIGN GOVERNMENT           
OBLIGATIONS (continued)           
Norway (continued)           
Government of Norway (continued)           
4.500%, 05/22/2019 (S)   NOK31,072,000   $4,267,128 
          7,789,003 
Philippines - 2.2%           
Republic of Philippines           
4.625%, 09/09/2040   PHP23,177,000    504,857 
4.950%, 01/15/2021    33,000,000    710,224 
5.875%, 12/16/2020 to 03/01/2032    157,303,440    3,709,489 
6.250%, 01/14/2036    43,000,000    1,025,410 
6.500%, 04/28/2021    106,400,000    2,525,183 
7.375%, 03/03/2021    59,600,000    1,444,156 
8.000%, 07/19/2031    120,240,000    3,609,997 
          13,529,316 
Singapore - 2.1%           
Republic of Singapore           
2.375%, 04/01/2017   SGD3,890,000    2,873,879 
2.500%, 06/01/2019    6,430,000    4,895,108 
3.250%, 09/01/2020    6,550,000    5,177,247 
          12,946,234 
South Korea - 0.0%           
Korea Treasury Bond Coupon Strips           
3.286%, 09/10/2018   KRW83,030,000    73,516 
3.287%, 03/10/2018    83,030,000    73,992 
3.296%, 03/10/2017    83,030,000    74,976 
3.297%, 09/10/2017    83,030,000    74,488 
          296,972 
Sweden - 1.8%           
Kingdom of Sweden           
1.500%, 11/13/2023   SEK39,490,000    5,175,921 
3.500%, 06/01/2022    9,820,000    1,398,268 
5.000%, 12/01/2020    19,835,000    2,853,037 
Kommuninvest I Sverige AB           
2.500%, 12/01/2020    10,640,000    1,359,031 
          10,786,257 
TOTAL FOREIGN GOVERNMENT           
OBLIGATIONS (Cost $118,178,201)        $117,336,528 
            
CORPORATE BONDS - 50.6%           
Consumer discretionary - 8.9%           
21st Century Fox America, Inc.           
6.200%, 12/15/2034   $940,000    1,191,063 
American Axle & Manufacturing, Inc.           
6.625%, 10/15/2022    1,195,000    1,262,219 
CBS Corp.           
3.500%, 01/15/2025    2,300,000    2,366,592 
CCO Holdings LLC           
5.750%, 01/15/2024    1,690,000    1,795,625 
ESH Hospitality, Inc.           
5.250%, 05/01/2025 (S)    1,220,000    1,218,475 
Expedia, Inc.           
5.000%, 02/15/2026 (S)    795,000    837,215 
General Motors Financial Company, Inc.           
4.375%, 09/25/2021    1,260,000    1,345,843 
KFC Holding Company/Pizza Hut           
Holdings LLC/Taco Bell           
of America LLC           
5.000%, 06/01/2024 (S)    1,110,000    1,159,950 
5.250%, 06/01/2026 (S)    1,881,000    1,989,158 

 

The accompanying notes are an integral part of the financial statements.

252

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Income Opportunities Trust (continued)

 

     Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)          
Consumer discretionary (continued)          
L Brands, Inc.          
5.625%, 10/15/2023  $1,655,000   $1,847,394 
6.875%, 11/01/2035   645,000    703,050 
7.000%, 05/01/2020   1,119,000    1,289,648 
Lamar Media Corp.          
5.000%, 05/01/2023   1,325,000    1,397,875 
5.875%, 02/01/2022   430,000    447,738 
LIN Television Corp.          
5.875%, 11/15/2022   795,000    832,763 
Lowe’s Companies, Inc.          
2.500%, 04/15/2026   265,000    265,738 
McGraw-Hill Global Education          
Holdings LLC          
7.875%, 05/15/2024 (S)   405,000    437,400 
Nemak SAB de CV          
5.500%, 02/28/2023 (S)   200,000    203,800 
New Red Finance, Inc.          
4.625%, 01/15/2022 (S)   2,060,000    2,142,400 
6.000%, 04/01/2022 (S)   530,000    555,175 
Nexstar Escrow Corp.          
5.625%, 08/01/2024 (S)   1,950,000    1,964,625 
Northwestern University          
3.688%, 12/01/2038   1,095,000    1,196,435 
Omnicom Group, Inc.          
3.600%, 04/15/2026   1,413,000    1,494,294 
Outfront Media Capital LLC          
5.250%, 02/15/2022   540,000    561,600 
President and Fellows of Harvard College          
6.000%, 01/15/2019 (S)   1,865,000    2,059,741 
Princeton University          
1.845%, 07/01/2021   615,000    622,052 
2.612%, 07/01/2026   705,000    718,704 
5.700%, 03/01/2039   1,115,000    1,611,328 
PVH Corp.          
4.500%, 12/15/2022   1,665,000    1,735,763 
QVC, Inc.          
4.450%, 02/15/2025   1,695,000    1,678,655 
5.950%, 03/15/2043   1,205,000    1,143,846 
Scripps Networks Interactive, Inc.          
3.950%, 06/15/2025   1,405,000    1,479,844 
Sirius XM Radio, Inc.          
4.625%, 05/15/2023 (S)   1,130,000    1,130,000 
5.250%, 08/15/2022 (S)   920,000    972,900 
5.375%, 07/15/2026 (S)   1,005,000    1,032,638 
5.875%, 10/01/2020 (S)   1,335,000    1,374,222 
The George Washington University          
4.868%, 09/15/2045   1,733,000    2,063,909 
The Goodyear Tire & Rubber Company          
8.750%, 08/15/2020   320,000    382,400 
The Home Depot, Inc.          
3.000%, 04/01/2026   785,000    830,991 
Time Warner, Inc.          
3.875%, 01/15/2026   1,672,000    1,812,063 
Time, Inc.          
5.750%, 04/15/2022 (S)   1,230,000    1,208,475 
Viacom, Inc.          
5.850%, 09/01/2043   1,670,000    1,887,788 
WMG Acquisition Corp.          
5.000%, 08/01/2023 (S)   270,000    274,050 
6.750%, 04/15/2022 (S)   1,375,000    1,457,500 
         53,982,944 

 

Strategic Income Opportunities Trust (continued)

 

     Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)           
Consumer staples - 5.3%           
Anheuser-Busch InBev Finance, Inc.           
3.650%, 02/01/2026   $2,685,000   $2,875,321 
B&G Foods, Inc.           
4.625%, 06/01/2021    1,935,000    1,993,050 
Constellation Brands, Inc.           
3.750%, 05/01/2021    860,000    906,225 
4.250%, 05/01/2023    1,895,000    2,006,331 
4.750%, 12/01/2025    585,000    633,321 
Cott Beverages, Inc.           
5.375%, 07/01/2022    1,600,000    1,648,000 
CVS Health Corp.           
3.875%, 07/20/2025    2,325,000    2,532,476 
Darling Ingredients, Inc.           
5.375%, 01/15/2022    840,000    876,750 
Gruma SAB de CV           
4.875%, 12/01/2024 (S)    200,000    214,000 
Kimberly-Clark Corp.           
2.750%, 02/15/2026    1,560,000    1,621,662 
Kraft Heinz Foods Company           
2.000%, 07/02/2018    840,000    848,298 
3.950%, 07/15/2025    2,610,000    2,825,458 
4.875%, 02/15/2025 (S)    1,663,000    1,834,375 
Office Depot de Mexico SA de CV           
6.875%, 09/20/2020 (S)    200,000    209,600 
Philip Morris International, Inc.           
3.375%, 08/11/2025    1,330,000    1,436,102 
5.650%, 05/16/2018    1,170,000    1,251,189 
Post Holdings, Inc.           
5.000%, 08/15/2026 (S)    2,090,000    2,079,550 
6.000%, 12/15/2022 (S)    1,175,000    1,241,094 
6.750%, 12/01/2021 (S)    1,390,000    1,494,264 
Revlon Consumer Products Corp.           
6.250%, 08/01/2024 (S)    260,000    268,450 
Spectrum Brands, Inc.           
5.750%, 07/15/2025    1,365,000    1,474,200 
Walgreens Boots Alliance, Inc.           
3.800%, 11/18/2024    1,615,000    1,736,235 
          32,005,951 
Energy - 1.8%           
Antero Midstream Partners LP           
5.375%, 09/15/2024 (S)    2,070,000    2,095,875 
Emera US Finance LP           
3.550%, 06/15/2026 (S)    2,415,000    2,504,464 
Exxon Mobil Corp.           
2.709%, 03/06/2025    2,120,000    2,179,659 
Pertamina Persero PT           
4.300%, 05/20/2023 (S)    1,232,000    1,292,178 
Petroleos Mexicanos           
4.625%, 09/21/2023 (S)    1,710,000    1,718,379 
7.650%, 11/24/2021 (S)   MXN15,351,000    770,331 
          10,560,886 
Financials - 13.8%           
American International Group, Inc.           
(8.175% to 05/15/2038, then 3 month           
LIBOR + 4.195%)           
05/15/2068   $3,195,000    4,275,709 
Asian Development Bank           
3.250%, 07/20/2017   NZD2,630,000    1,927,954 
4.625%, 03/06/2019    1,595,000    1,220,955 
5.000%, 03/09/2022   AUD1,825,000    1,594,777 
6.450%, 08/08/2021   INR92,050,000    1,400,740 
6.950%, 01/16/2020    26,220,000    403,714 

 

The accompanying notes are an integral part of the financial statements.

253

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Income Opportunities Trust (continued)

 

    Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)           
Financials (continued)           
Avenue Financial Holdings, Inc. (6.750%           
to 01/01/2020, then 3 month           
LIBOR + 4.950%)           
12/29/2024 (S)   $250,000   $260,625 
Banco Nacional de Comercio Exterior           
SNC           
4.375%, 10/14/2025 (S)    1,205,000    1,247,175 
Banco Nacional de Comercio Exterior           
SNC (3.800% to 08/11/2021, then           
5 Year CMT + 3.000%)           
08/11/2026 (S)    255,000    247,592 
Bank of America Corp.           
1.412%, 09/15/2026 (P)    2,515,000    2,248,176 
Bank of the Ozarks, Inc. (5.500% to           
07/01/2021, then 3 month           
LIBOR + 4.425%)           
07/01/2026    640,000    665,600 
BankUnited, Inc.           
4.875%, 11/17/2025    1,675,000    1,732,679 
BNC Bancorp (5.500% to 10/01/2019,           
then 3 month LIBOR + 3.590%)           
10/01/2024    500,000    503,069 
Cadence Financial Corp. (6.500% to           
03/11/2020, then 3 month           
LIBOR + 4.663%)           
03/11/2025 (S)    500,000    425,000 
Capital One Financial Corp.           
3.750%, 07/28/2026    1,270,000    1,276,801 
Chubb INA Holdings, Inc.           
3.350%, 05/03/2026    850,000    910,712 
CIT Group, Inc.           
5.500%, 02/15/2019 (S)    1,615,000    1,707,863 
Citigroup, Inc.           
3.595%, 05/04/2021 (P)   AUD1,487,000    1,143,432 
6.250%, 06/29/2017   NZD1,495,000    1,112,501 
Citigroup, Inc. (5.900% to 02/15/2023,           
then 3 month LIBOR + 4.230%)           
02/15/2023 (Q)   $745,000    771,075 
Citigroup, Inc. (5.950% to 01/30/2023,           
then 3 month LIBOR + 4.069%)           
01/30/2023 (Q)    1,605,000    1,662,668 
CoBiz Financial, Inc. (5.625% to           
06/25/2025, then 3 month           
LIBOR + 3.170%)           
06/25/2030    280,000    296,450 
Eagle Bancorp, Inc.           
5.750%, 09/01/2024    500,000    515,000 
Eagle Bancorp, Inc. (5.000% to           
08/01/2021, then 3 month           
LIBOR + 3.850%)           
08/01/2026    415,000    423,300 
Fifth Third Bancorp (5.100% to           
06/30/2023, then 3 month           
LIBOR + 3.033%)           
06/30/2023 (Q)    1,820,000    1,751,750 
First Midwest Bancorp, Inc.           
5.875%, 09/29/2026    405,000    417,834 
Flagstar Bancorp, Inc.           
6.125%, 07/15/2021 (S)    665,000    677,422 
Heartland Financial USA, Inc.           
5.750%, 12/30/2024    505,000    512,575 
Independent Bank Group, Inc.           
5.875%, 08/01/2024    945,000    947,363 

 

Strategic Income Opportunities Trust (continued)

 

    Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)           
Financials (continued)           
Inter-American Development Bank           
3.750%, 10/09/2018   AUD1,515,000   $1,201,702 
6.500%, 08/20/2019    2,705,000    2,332,825 
International Bank for Reconstruction           
& Development           
1.375%, 06/23/2019   SEK8,600,000    1,043,443 
2.125%, 05/29/2017   NOK1,560,000    196,501 
2.800%, 01/13/2021   AUD2,215,000    1,738,703 
3.375%, 08/13/2017   NZD620,000    455,330 
3.500%, 01/22/2021    2,460,000    1,855,724 
3.625%, 06/22/2020   NOK7,100,000    964,713 
3.750%, 01/23/2019   AUD1,000,000    797,456 
4.625%, 02/26/2019 to 10/06/2021   NZD3,825,000    2,997,765 
International Finance Corp.           
3.250%, 07/22/2019   AUD2,325,000    1,842,349 
3.625%, 05/20/2020   NZD2,615,000    1,973,240 
3.875%, 02/26/2018    620,000    460,673 
6.450%, 10/30/2018   INR179,035,000    2,697,897 
JPMorgan Chase & Co.           
4.250%, 11/02/2018   NZD3,255,000    2,419,838 
KFW           
3.750%, 05/29/2020    1,100,000    831,866 
6.000%, 08/20/2020   AUD2,925,000    2,557,503 
Lakeland Bancorp, Inc. (5.125% to           
09/30/2021, then 3 month           
LIBOR + 3.970%)           
09/30/2026   $405,000    405,000 
Landwirtschaftliche Rentenbank           
6.500%, 04/12/2017   AUD1,880,000    1,472,590 
LegacyTexas Financial Group, Inc.           
(5.500% to 12/01/2020, then 3 month           
LIBOR + 3.890%)           
12/01/2025   $340,000    342,550 
MetLife, Inc.           
6.400%, 12/15/2066    895,000    990,653 
MGIC Investment Corp.           
5.750%, 08/15/2023    830,000    863,200 
National Australia Bank, Ltd.           
6.000%, 02/15/2017   AUD1,805,000    1,401,119 
National Rural Utilities Cooperative           
Finance Corp. (5.250% to 04/20/2026,           
then 3 month LIBOR + 3.630%)           
04/20/2046   $755,000    815,023 
Oversea-Chinese Banking Corp., Ltd.           
(4.000% to 10/15/2019, then 5 Year           
U.S. Swap Rate + 2.203%)           
10/15/2024 (S)    1,175,000    1,226,994 
Pacific Continental Corp. (5.875% to           
06/30/2021, then 3 month           
LIBOR + 4.715%)           
06/30/2026    125,000    125,625 
Pinnacle Bank (4.875% to 07/30/2020,           
then 3 month LIBOR + 3.128%)           
07/30/2025    365,000    368,650 
Prudential Financial, Inc. (5.875% to           
09/15/2022, then 3 month           
LIBOR + 4.175%)           
09/15/2042    645,000    711,596 
Radian Group, Inc.           
5.250%, 06/15/2020    945,000    999,338 
Regions Financial Corp.           
7.375%, 12/10/2037    385,000    493,252 

 

The accompanying notes are an integral part of the financial statements.

254

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Income Opportunities Trust (continued)

 

    Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)           
Financials (continued)           
Renasant Corp. (5.000% to 09/01/2021,           
then 3 month LIBOR + 3.840%)           
09/01/2026   $330,000   $338,250 
Stifel Financial Corp.           
4.250%, 07/18/2024    2,505,000    2,535,168 
Synovus Financial Corp.           
5.125%, 06/15/2017    1,360,000    1,380,400 
7.875%, 02/15/2019    725,000    802,938 
Synovus Financial Corp. (5.750% to           
12/15/2020, then 3 month           
LIBOR + 4.182%)           
12/15/2025    2,315,000    2,453,900 
Temasek Financial I, Ltd.           
3.265%, 02/19/2020   SGD1,250,000    968,384 
The Hongkong Land Treasury Services           
Singapore Pte, Ltd.           
3.860%, 12/29/2017    250,000    188,134 
Valley National Bancorp           
4.550%, 06/30/2025   $660,000    671,912 
Wells Fargo & Company           
3.200%, 07/27/2021 (P)   AUD935,000    721,104 
Western Alliance Bank (5.000% to           
07/15/2020, then 3 month           
LIBOR + 3.200%)           
07/15/2025   $920,000    924,600 
Westpac Banking Corp.           
5.000%, 10/21/2019   GBP375,000    544,088 
7.250%, 02/11/2020   AUD700,000    616,656 
WSFS Financial Corp. (4.500% to           
06/15/2021, then 3 month           
LIBOR + 3.300%)           
06/15/2026   $1,040,000    1,045,200 
Zions Bancorporation (5.800% to           
06/15/2023, then 3 month           
LIBOR + 3.800%)           
06/15/2023 (Q)    1,050,000    1,017,188 
          83,071,551 
Health care - 6.8%           
Abbott Laboratories           
2.950%, 03/15/2025    1,280,000    1,312,064 
AbbVie, Inc.           
3.600%, 05/14/2025    1,345,000    1,406,667 
Actavis Funding SCS           
3.800%, 03/15/2025    1,270,000    1,344,846 
Amgen, Inc.           
2.600%, 08/19/2026    1,685,000    1,659,174 
Anthem, Inc.           
3.500%, 08/15/2024    655,000    688,495 
AstraZeneca PLC           
1.750%, 11/16/2018    558,000    562,264 
Baylor Scott & White Holdings           
2.650%, 11/15/2026    2,310,000    2,346,602 
Cardinal Health, Inc.           
3.200%, 03/15/2023    1,025,000    1,075,955 
3.750%, 09/15/2025    1,840,000    1,993,824 
Danaher Corp.           
1.650%, 09/15/2018    1,440,000    1,452,090 
DaVita, Inc.           
5.000%, 05/01/2025    705,000    707,644 
5.125%, 07/15/2024    1,045,000    1,065,900 
Express Scripts Holding Company           
3.500%, 06/15/2024    1,980,000    2,065,092 

 

Strategic Income Opportunities Trust (continued)

 

    Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)          
Health care (continued)          
Forest Laboratories LLC          
4.875%, 02/15/2021 (S)  $1,875,000   $2,082,261 
5.000%, 12/15/2021 (S)   1,775,000    1,986,676 
Grifols Worldwide Operations, Ltd.          
5.250%, 04/01/2022   1,600,000    1,656,000 
HCA Holdings, Inc.          
6.250%, 02/15/2021   1,897,000    2,058,245 
HCA, Inc.          
4.500%, 02/15/2027   1,285,000    1,289,819 
5.000%, 03/15/2024   1,995,000    2,114,700 
7.500%, 02/15/2022   1,165,000    1,336,838 
8.000%, 10/01/2018   280,000    312,550 
Humana, Inc.          
3.850%, 10/01/2024   823,000    883,071 
LifePoint Health, Inc.          
5.500%, 12/01/2021   1,760,000    1,834,800 
Merck & Company, Inc.          
2.750%, 02/10/2025   2,335,000    2,421,028 
Montefiore Medical Center          
2.895%, 04/30/2032   1,165,000    1,170,270 
Quest Diagnostics, Inc.          
4.250%, 04/01/2024   360,000    394,017 
Quintiles Transnational Corp.          
4.875%, 05/15/2023 (S)   590,000    606,225 
Shire Acquisitions Investments Ireland          
DAC          
3.200%, 09/23/2026   1,525,000    1,529,206 
Tenet Healthcare Corp.          
4.375%, 10/01/2021   860,000    855,700 
Texas Children’s Hospital          
2.668%, 10/01/2022   555,000    579,913 
WellCare Health Plans, Inc.          
5.750%, 11/15/2020   553,000    570,973 
         41,362,909 
Industrials - 3.6%          
3M Company          
3.000%, 08/07/2025   1,475,000    1,587,075 
AECOM          
5.750%, 10/15/2022   2,125,000    2,231,909 
5.875%, 10/15/2024   560,000    596,400 
AerCap Global Aviation Trust (6.500% to          
06/15/2025, then 3 month          
LIBOR + 4.300%)          
06/15/2045 (S)   1,660,000    1,705,650 
General Electric Company          
4.250%, 01/17/2018  NZD715,000    528,344 
6.250%, 09/29/2020  GBP265,000    416,709 
General Electric Company (5.000% to          
01/21/2021, then 3 month          
LIBOR + 3.330%)          
01/21/2021 (Q)  $2,413,000    2,565,984 
Huntington Ingalls Industries, Inc.          
5.000%, 11/15/2025 (S)   2,330,000    2,463,975 
Lockheed Martin Corp.          
2.900%, 03/01/2025   2,520,000    2,600,199 
3.550%, 01/15/2026   1,525,000    1,648,891 
Mexico City Airport Trust          
4.250%, 10/31/2026 (S)   750,000    751,875 
US Airways 2012-1 Class A Pass          
Through Trust          
5.900%, 04/01/2026   239,833    275,808 
Verisk Analytics, Inc.          
4.000%, 06/15/2025   795,000    844,636 

 

The accompanying notes are an integral part of the financial statements.

255

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Income Opportunities Trust (continued)

 

     Shares or      
     Principal      
     Amount   Value 
CORPORATE BONDS (continued)           
Industrials (continued)           
Waste Management, Inc.           
2.900%, 09/15/2022   $1,395,000   $1,464,167 
XPO Logistics, Inc.           
6.500%, 06/15/2022 (S)    1,690,000    1,768,163 
          21,449,785 
Information technology - 3.2%           
Activision Blizzard, Inc.           
3.400%, 09/15/2026 (S)    855,000    859,211 
Apple, Inc.           
2.400%, 05/03/2023    1,300,000    1,324,020 
3.200%, 05/13/2025    2,285,000    2,436,863 
Electronic Arts, Inc.           
4.800%, 03/01/2026    193,000    212,662 
IBM Corp.           
1.950%, 02/12/2019    950,000    964,858 
2.750%, 12/21/2020   GBP1,225,000    1,719,580 
Intel Corp.           
3.700%, 07/29/2025   $1,380,000    1,531,879 
KLA-Tencor Corp.           
4.650%, 11/01/2024    633,000    695,959 
Match Group, Inc.           
6.750%, 12/15/2022    1,415,000    1,505,206 
Micron Technology, Inc.           
5.500%, 02/01/2025    514,000    503,720 
7.500%, 09/15/2023 (S)    860,000    955,236 
Microsoft Corp.           
3.125%, 11/03/2025    2,025,000    2,155,394 
Sixsigma Networks Mexico SA de CV           
8.250%, 11/07/2021 (S)    1,545,000    1,502,513 
Zebra Technologies Corp.           
7.250%, 10/15/2022    2,810,000    3,048,850 
          19,415,951 
Materials - 2.5%           
Alpek SAB de CV           
4.500%, 11/20/2022    200,000    205,750 
Ball Corp.           
4.000%, 11/15/2023    1,720,000    1,732,900 
4.375%, 12/15/2020    820,000    875,350 
5.250%, 07/01/2025    840,000    905,100 
Cemex SAB de CV           
6.125%, 05/05/2025 (S)    2,410,000    2,476,275 
Crown Americas LLC           
4.500%, 01/15/2023    1,860,000    1,936,725 
Crown Cork & Seal Company, Inc.           
7.375%, 12/15/2026    771,000    862,556 
Freeport-McMoRan, Inc.           
3.550%, 03/01/2022    1,745,000    1,587,950 
Praxair, Inc.           
3.200%, 01/30/2026    240,000    257,046 
Rio Tinto Finance USA, Ltd.           
7.125%, 07/15/2028    130,000    173,911 
Sealed Air Corp.           
4.875%, 12/01/2022 (S)    1,190,000    1,249,500 
5.125%, 12/01/2024 (S)    965,000    1,019,281 
6.500%, 12/01/2020 (S)    1,790,000    2,047,313 
          15,329,657 
Real estate - 1.6%           
American Tower Corp.           
4.000%, 06/01/2025    1,035,000    1,107,704 
CapitaMalls Asia Treasury, Ltd.           
3.950%, 08/24/2017   SGD3,250,000    2,433,215 

 

Strategic Income Opportunities Trust (continued)

 

     Shares or      
     Principal      
     Amount   Value 
CORPORATE BONDS (continued)           
Real estate (continued)           
CBRE Services, Inc.           
5.000%, 03/15/2023   $990,000   $1,042,858 
Crown Castle Towers LLC           
4.883%, 08/15/2040 (S)    1,104,000    1,206,612 
Host Hotels & Resorts LP           
5.250%, 03/15/2022    1,394,000    1,542,118 
Kennedy-Wilson, Inc.           
5.875%, 04/01/2024    1,080,000    1,088,100 
Trust F/1401           
5.250%, 12/15/2024 (S)    1,195,000    1,239,813 
          9,660,420 
Telecommunication services - 1.4%           
America Movil SAB de CV           
7.125%, 12/09/2024   MXN22,490,000    1,155,484 
SFR Group SA           
6.250%, 05/15/2024 (S)   $1,230,000    1,221,946 
T-Mobile USA, Inc.           
6.125%, 01/15/2022    1,675,000    1,779,669 
6.250%, 04/01/2021    718,000    753,451 
6.500%, 01/15/2026    1,250,000    1,384,375 
6.625%, 04/01/2023    445,000    477,819 
6.836%, 04/28/2023    435,000    467,625 
Verizon Communications, Inc.           
4.272%, 01/15/2036    1,277,000    1,333,222 
          8,573,591 
Utilities - 1.7%           
AmeriGas Partners LP           
5.875%, 08/20/2026    1,850,000    1,961,000 
Emera, Inc. (6.750% to 6/15/2026, then           
3 month LIBOR + 5.440%)           
06/15/2076    1,495,000    1,607,873 
Fortis, Inc.           
3.055%, 10/04/2026 (S)    1,440,000    1,434,727 
NiSource Finance Corp.           
4.800%, 02/15/2044    1,772,000    2,005,775 
5.650%, 02/01/2045    1,368,000    1,736,575 
NRG Energy, Inc.           
6.625%, 01/15/2027 (S)    1,625,000    1,592,500 
Southern Gas Networks PLC           
4.875%, 12/21/2020   GBP80,000    120,513 
          10,458,963 
TOTAL CORPORATE BONDS (Cost $300,802,593)        $305,872,608 
            
CAPITAL PREFERRED SECURITIES - 0.4%           
Financials - 0.4%           
JPMorgan Chase Capital XXIII           
1.817%, 05/15/2077 (P)   $1,040,000    787,800 
USB Capital IX           
3.500%, 10/31/2016 (P)(Q)    1,956,000    1,674,825 
          2,462,625 
TOTAL CAPITAL PREFERRED           
SECURITIES (Cost $2,351,876)        $2,462,625 
            
CONVERTIBLE BONDS - 1.9%           
Consumer discretionary - 0.1%           
Lennar Corp.           
3.250%, 11/15/2021    305,000    549,381 
Consumer staples - 0.1%           
Vector Group, Ltd.           
12.512%, 01/15/2019 (P)    510,000    754,921 

 

The accompanying notes are an integral part of the financial statements.

256

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Income Opportunities Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CONVERTIBLE BONDS (continued)          
Financials - 0.3%          
Fidelity National Financial, Inc.          
4.250%, 08/15/2018  $250,000  $513,906 
MGIC Investment Corp.          
2.000%, 04/01/2020   505,000    637,247 
Old Republic International Corp.          
3.750%, 03/15/2018   640,000    768,400 
         1,919,553 
Health care - 0.6%          
Anthem, Inc.          
2.750%, 10/15/2042   1,099,000    1,924,624 
Danaher Corp., 0.000%          
01/22/2021   440,000    1,317,525 
Hologic, Inc. (2.000% to 03/01/2018; then          
0.000% thereafter)          
03/01/2042   430,000    585,875 
         3,828,024 
Industrials - 0.2%          
Air Lease Corp.          
3.875%, 12/01/2018   815,000    1,007,544 
Information technology - 0.3%          
Intel Corp.          
3.250%, 08/01/2039   790,000    1,444,713 
Real estate - 0.2%          
Redwood Trust, Inc.          
4.625%, 04/15/2018   1,199,000    1,202,747 
Telecommunication services - 0.1%          
Liberty Interactive LLC          
1.750%, 09/30/2046 (S)   660,000    697,125 
TOTAL CONVERTIBLE BONDS (Cost $10,294,126)     $11,404,008 
           
MUNICIPAL BONDS - 5.5%          
City of Houston (Texas)          
6.290%, 03/01/2032   1,905,000    2,414,626 
City of Seattle (Washington)          
4.050%, 01/01/2041   1,735,000    1,818,471 
City Public Service Board of San Antonio          
(Texas)          
5.985%, 02/01/2039   640,000    900,282 
Florida Hurricane Catastrophe Fund          
Finance Corp., Series A          
2.995%, 07/01/2020   1,735,000    1,820,536 
Florida State Board of Administration          
Finance Corp.          
2.638%, 07/01/2021   2,215,000    2,301,252 
Kansas Development Finance Authority          
3.941%, 04/15/2026   1,470,000    1,623,277 
4.091%, 04/15/2027   1,305,000    1,455,336 
Port of Morrow (Oregon)          
3.521%, 09/01/2027   620,000    682,025 
State of Colorado          
6.817%, 03/15/2028   450,000    601,268 
State of Georgia          
4.150%, 02/01/2035   445,000    498,863 
4.503%, 11/01/2025   670,000    769,220 
State of Hawaii          
5.330%, 02/01/2026   835,000    1,026,407 
State of Maryland          
4.400%, 03/01/2023   760,000    879,708 
State of Michigan          
3.500%, 05/15/2030   440,000    451,519 

 

Strategic Income Opportunities Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
MUNICIPAL BONDS (continued)          
State of Texas          
3.738%, 10/01/2031  $740,000  $796,122 
3.838%, 10/01/2032   1,340,000    1,448,245 
5.517%, 04/01/2039   1,200,000    1,674,336 
State of Utah          
4.554%, 07/01/2024   845,000    971,995 
State of Washington          
1.710%, 08/01/2020   715,000    726,090 
State of Wisconsin          
2.049%, 05/01/2023   1,690,000    1,696,828 
5.550%, 05/01/2029   560,000    638,719 
Texas Transportation Commission State          
Highway Fund          
5.028%, 04/01/2026   850,000    1,029,070 
University of Houston (Texas)          
2.800%, 02/15/2024   605,000    637,718 
2.860%, 02/15/2026   600,000    619,896 
3.060%, 02/15/2027   290,000    296,896 
University of Texas          
3.780%, 07/01/2045   1,505,000    1,718,936 
3.852%, 08/15/2046   1,170,000    1,332,782 
Virginia Commonwealth Transportation          
Board          
5.350%, 05/15/2035   395,000    511,395 
Virginia Housing Development Authority          
3.250%, 06/25/2042   884,298    883,485 
Virginia Public Building Authority          
5.250%, 08/01/2025   890,000    1,091,986 
TOTAL MUNICIPAL BONDS (Cost $31,696,522)     $33,317,289 
           
COLLATERALIZED MORTGAGE          
OBLIGATIONS - 5.2%          
Commercial and residential - 4.4%          
Adjustable Rate Mortgage Trust,          
Series 2004-5, Class 2A1          
3.047%, 04/25/2035 (P)   361,620    353,390 
Americold 2010 LLC Trust,          
Series 2010-ARTA, Class D          
7.443%, 01/14/2029 (S)   645,000    719,547 
Bear Stearns Adjustable          
Rate Mortgage Trust          
Series 2004-10, Class 12A3,          
2.985%, 01/25/2035 (P)   370,241    338,257 
Series 2005-2, Class A1,          
3.090%, 03/25/2035 (P)   259,757    260,739 
Series 2005-5, Class A2,          
2.460%, 08/25/2035 (P)   347,787    346,430 
Bear Stearns ALT-A Trust          
Series 2004-12, Class 1A1,          
1.224%, 01/25/2035 (P)   263,919    255,473 
Series 2004-13, Class A1,          
1.186%, 11/25/2034 (P)   411,216    401,847 
Series 2004-8, Class 1A,          
1.146%, 09/25/2034 (P)   168,660    165,399 
Series 2005-7, Class 11A1,          
1.064%, 08/25/2035 (P)   223,552    215,178 
BWAY Mortgage Trust, Series 2015-1740,          
Class D 3.787%, 01/13/2035 (P)(S)   371,000    368,662 
BXHTL Mortgage Trust,          
Series 2015-JWRZ, Class GL2          
4.131%, 05/15/2029 (P)(S)   630,000    616,179 
CDGJ Commercial Mortgage Trust,          
Series 2014-BXCH, Class DPA          
3.442%, 12/15/2027 (P)(S)   1,038,485    1,027,413 

 

The accompanying notes are an integral part of the financial statements.

257

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Income Opportunities Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
Commercial and residential (continued)          
Chase Mortgage Finance Trust,          
Series 2007-A1, Class 2A1          
3.097%, 02/25/2037 (P)  $142,218  $141,975 
Commercial Mortgage Trust (Bank of          
America Merrill Lynch/ Deutsche          
Bank), Series 2013-WWP, Class D          
3.898%, 03/10/2031 (S)   290,000    291,497 
Commercial Mortgage Trust          
(Deutsche Bank)          
Series 2007-C9, Class A4,          
5.813%, 12/10/2049 (P)   679,981    695,798 
Series 2014-TWC, Class D,          
2.685%, 02/13/2032 (P)(S)   1,265,000    1,246,949 
Commercial Mortgage Trust (Deutsche          
Bank/Morgan Stanley),          
Series 2014-PAT, Class E          
3.585%, 08/13/2027 (P)(S)   361,000    355,562 
Core Industrial Trust, Series 2015-CALW,          
Class F 3.850%, 02/10/2034 (P)(S)   695,000    691,521 
Credit Suisse Commercial Mortgage Trust,          
Series 2015-GLPB, Class A          
3.639%, 11/15/2034 (S)   680,000    735,394 
DSLA Mortgage Loan Trust          
Series 2004-AR1 Class X2 IO,          
1.795%, 09/19/2044   2,610,405    163,983 
Series 2005-AR2, Class X2 IO,          
2.294%, 03/19/2045   4,604,472    380,760 
GAHR Commercial Mortgage Trust,          
Series 2015-NRF, Class EFX          
3.495%, 12/15/2034 (P)(S)   800,000    783,997 
GRACE Mortgage Trust,          
Series 2014-GRCE, Class F          
3.590%, 06/10/2028 (P)(S)   600,000    593,204 
Greenwich Capital Commercial          
Funding Corp., Series 2006-GG7,          
Class AM 5.921%, 07/10/2038 (P)   39,343    39,303 
GSR Mortgage Loan Trust, Series 2004-5,          
Class 2A1 3.242%, 05/25/2034 (P)   591,982    588,681 
HarborView Mortgage Loan Trust          
Series 2004-5, Class 2A-6,          
2.619%, 06/19/2034 (P)   366,258    363,971 
Series 2004-7, Class 4A,          
2.928%, 11/19/2034 (P)   442,120    435,188 
Series 2005-2, Class IX IO,          
1.788%, 05/19/2035   1,761,671    120,527 
Series 2005-9, Class 2A1A,          
0.778%, 06/20/2035 (P)   382,666    348,738 
Series 2005-9, Class 2A1C,          
0.888%, 06/20/2035 (P)   259,899    236,088 
Series 2007-3, Class ES IO,          
0.350%, 05/19/2047 (S)   9,607,911    151,161 
Series 2007-4, Class ES IO,          
0.350%, 07/19/2047   10,131,963    148,372 
Series 2007-6, Class ES IO,          
0.342%, 08/19/2037 (S)   7,872,033    101,038 
Hilton USA Trust, Series 2013-HLF,          
Class EFL 4.186%, 11/05/2030 (P)(S)   625,633    625,937 
IndyMac Index Mortgage Loan Trust          
Series 2005-AR18, Class 1X IO,          
2.088%, 10/25/2036   6,431,178    561,657 
Series 2005-AR18, Class 2X IO,          
1.818%, 10/25/2036   15,754,321    982,673 

 

Strategic Income Opportunities Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
Commercial and residential (continued)          
JPMorgan Chase Commercial          
Mortgage Securities Trust          
Series 2006-LDP7, Class AM,          
6.184%, 04/15/2045 (P)  $86,323  $86,198 
Series 2007-CB18, Class A4,          
5.440%, 06/12/2047   462,906    465,259 
Series 2014-INN, Class F,          
4.442%, 06/15/2029 (P)(S)   390,000    375,050 
LB-UBS Commercial Mortgage Trust,          
Series 2006-C6, Class AM          
5.413%, 09/15/2039   68    68 
Merrill Lynch Mortgage Investors Trust          
Series 2004-1, Class 2A1,          
2.459%, 12/25/2034 (P)   176,200    176,263 
Series 2005-A2, Class A2,          
2.644%, 02/25/2035 (P)   384,626    384,497 
Series 2005-A8, Class A2A,          
0.716%, 08/25/2036 (P)   1,344,519    1,257,295 
Series 2006-3, Class 2A1,          
2.579%, 10/25/2036 (P)   200,374    195,904 
Morgan Stanley Capital I Trust,          
Series 2014-150E, Class F          
4.295%, 09/09/2032 (P)(S)   695,000    601,471 
Morgan Stanley Mortgage Loan Trust          
Series 2004-8AR, Class 4A1,          
2.680%, 10/25/2034 (P)   369,984    368,471 
Series 2004-9, Class 1A,          
5.566%, 11/25/2034 (P)   215,710    220,242 
Opteum Mortgage          
Acceptance Corp. Trust, Series 2005-4,          
Class 1APT 0.756%, 11/25/2035 (P)   277,222    259,325 
Queens Center Mortgage Trust,          
Series 2013-QCA, Class D          
3.474%, 01/11/2037 (P)(S)   540,000    514,480 
SFAVE Commercial Mortgage          
Securities Trust, Series 2015-5AVE,          
Class D 4.388%, 01/05/2035 (P)(S)   635,000    548,572 
Structured Asset Securities Corp.,          
Series 2003-7A, Class 3A6          
2.831%, 12/25/2033 (P)   293,823    288,780 
Thornburg Mortgage Securities Trust,          
Series 2007-4, Class 1A1          
2.433%, 09/25/2037 (P)   823,155    803,950 
WaMu Mortgage Pass          
Through Certificates          
Series 2004-AR14, Class A1,          
2.591%, 01/25/2035 (P)   390,370    389,997 
Series 2005-AR19, Class A1A2,          
0.814%, 12/25/2045 (P)   490,557    449,323 
Series 2005-AR2, Class 2A1B,          
0.894%, 01/25/2045 (P)   572,016    524,931 
Series 2005-AR2, Class 2A2B,          
0.826%, 01/25/2045 (P)   395,145    362,896 
Series 2005-AR3, Class A2,          
2.797%, 03/25/2035 (P)   393,181    395,499 
Series 2005-AR6, Class 2A1A,          
0.676%, 04/25/2045 (P)   842,078    789,920 
Series 2005-AR8, Class 2AB2,          
0.866%, 07/25/2045 (P)   440,816    399,868 
Series 2005-AR8, Class 2AB3,          
0.806%, 07/25/2045 (P)   431,455    389,085 

 

The accompanying notes are an integral part of the financial statements.

258

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Income Opportunities Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
Commercial and residential (continued)          
Wells Fargo Commercial Mortgage Trust,          
Series 2013-BTC, Class E          
3.668%, 04/16/2035 (P)(S)  $380,000  $354,900 
Wells Fargo Mortgage Backed          
Securities Trust, Series 2004-Z,          
Class 2A1 2.852%, 12/25/2034 (P)   338,935    344,752 
U.S. Government Agency - 0.8%          
Federal Home Loan Mortgage Corp.          
Series 2014-DN2, Class M2,          
2.096%, 04/25/2024 (P)   450,000    454,095 
Series 2014-DN4, Class M2,          
2.846%, 10/25/2024 (P)   507,346    509,950 
Series 2015-DNA1, Class M2,          
2.374%, 10/25/2027 (P)   365,000    371,295 
Series 2015-DNA1, Class M3,          
3.746%, 10/25/2027 (P)   300,000    311,972 
Series 2016-DNA2, Class M2,          
2.646%, 10/25/2028 (P)   1,145,000    1,163,639 
Series 2016-HQA3, Class M1,          
1.324%, 03/25/2029 (P)   630,000    630,206 
Series 292, Class IO,          
3.500%, 11/15/2027   826,299    90,879 
Series 304, Class C42 IO,          
4.000%, 12/15/2027   1,097,225    104,955 
Federal National Mortgage Association          
Series 2012-118, Class AI IO,          
3.500%, 11/25/2037   1,194,719    107,363 
Series 2013-39, Class KI IO,          
4.000%, 05/25/2028   1,551,685    164,012 
Series 2014-C02, Class 1M1,          
1.474%, 05/25/2024 (P)   200,137    200,366 
Series 402, Class 3 IO,          
4.000%, 11/25/2039   196,570    29,184 
Series 402, Class 4 IO,          
4.000%, 10/25/2039   192,636    31,867 
Series 402, Class 7 IO,          
4.500%, 11/25/2039   214,132    34,789 
Series 406, Class 3 IO,          
4.000%, 01/25/2041   206,514    29,448 
Series 407, Class 4 IO,          
4.500%, 03/25/2041   367,722    58,952 
Series 407, Class 7 IO,          
5.000%, 03/25/2041   892,901    156,273 
Series 407, Class 8 IO,          
5.000%, 03/25/2041   460,640    84,805 
         4,534,050 
TOTAL COLLATERALIZED MORTGAGE          
OBLIGATIONS (Cost $29,926,361)     $31,333,534 
           
ASSET BACKED SECURITIES - 4.5%          
Aames Mortgage Investment Trust,          
Series 2005-4, Class M2          
1.174%, 10/25/2035 (P)   830,221    809,820 
Accredited Mortgage Loan Trust,          
Series 2005-2ACCR, Class M2          
0.886%, 07/25/2035 (P)   295,000    289,272 
Aegis Asset Backed Securities Trust,          
Series 2005-2, Class M2          
0.886%, 06/25/2035 (P)   305,000    288,501 
American Express Credit Account          
Master Trust, Series 2014-3, Class A          
1.490%, 04/15/2020   1,070,000    1,074,455 

 

Strategic Income Opportunities Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
ASSET BACKED SECURITIES (continued)          
Applebee’s Funding LLC, Series 2014-1,          
Class A2 4.277%, 09/05/2044 (S)  $2,478,000   $2,518,429 
Bravo Mortgage Asset Trust,          
Series 2006-1A, Class A2          
0.686%, 07/25/2036 (P)(S)   836,000    812,877 
Chase Issuance Trust, Series 2015-A7,          
Class A7 1.620%, 07/15/2020   430,000    433,551 
Citibank Credit Card Issuance Trust,          
Series 2007-A8, Class A8          
5.650%, 09/20/2019   700,000    730,804 
CKE Restaurant Holdings, Inc.,          
Series 2013-1A, Class A2          
4.474%, 03/20/2043 (S)   2,719,325    2,726,336 
DB Master Finance LLC, Series 2015-1A,          
Class A2II 3.980%, 02/20/2045 (S)   3,142,150    3,212,154 
Domino’s Pizza Master Issuer LLC,          
Series 2015-1A, Class A2II          
4.474%, 10/25/2045 (S)   2,486,213    2,532,953 
Driven Brands Funding LLC,          
Series 2015-1A, Class A2          
5.216%, 07/20/2045 (S)   481,363    472,468 
First Frankin Mortgage Loan Trust,          
Series 2005-FF7, Class M2          
0.916%, 07/25/2035 (P)   665,000    650,407 
GSAA Home Equity Trust,          
Series 2005-MTR1, Class A4          
0.894%, 10/25/2035 (P)   780,554    729,902 
Home Equity Asset Trust, Series 2003-1,          
Class M1 1.946%, 06/25/2033 (P)   196,722    190,970 
New Century Home Equity Loan Trust,          
Series 2005-1, Class M1          
1.199%, 03/25/2035 (P)   760,000    714,324 
Option One Mortgage Loan Trust,          
Series 2005-2, Class M1          
1.099%, 05/25/2035 (P)   787,893    759,467 
RASC Series Trust, Series 2005-KS7,          
Class M4 1.026%, 08/25/2035 (P)   340,000    326,942 
Saxon Asset Securities Trust,          
Series 2006-2, Class A3C          
0.674%, 09/25/2036 (P)   1,164,868    1,135,281 
Specialty Underwriting & Residential          
Finance Trust, Series 2006-BC1,          
Class A2D 0.824%, 12/25/2036 (P)   532,620    526,631 
Structured Asset Investment Loan Trust,          
Series 2005-2, Class M2          
1.259%, 03/25/2035 (P)   900,000    855,297 
Taco Bell Funding LLC, Series 2016-1A,          
Class A23 4.970%, 05/25/2046 (S)   2,810,000    2,910,132 
Wendys Funding LLC, Series 2015-1A,          
Class A2II 4.080%, 06/15/2045 (S)   2,138,400    2,171,582 
TOTAL ASSET BACKED SECURITIES (Cost $26,564,880)       $26,872,555 
           
COMMON STOCKS - 3.3%          
Consumer discretionary - 0.0%          
Vertis Holdings, Inc. (I)   8,371    0 
Financials - 3.2%          
American Express Company   6,645    425,546 
BankUnited, Inc.   15,724    474,865 
Capital One Financial Corp.   21,545    1,547,577 
Comerica, Inc.   24,297    1,149,734 
Commerce Bancshares, Inc.   23,579    1,161,502 
Cullen/Frost Bankers, Inc.   7,241    520,918 
First Financial Bancorp   32,698    714,124 
First Republic Bank   10,630    819,679 

 

The accompanying notes are an integral part of the financial statements.

259

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Strategic Income Opportunities Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
COMMON STOCKS (continued)          
Financials (continued)          
Glacier Bancorp, Inc.   21,152   $603,255 
Investors Bancorp, Inc.   73,647    884,500 
Kearny Financial Corp.   47,300    643,753 
MB Financial, Inc.   15,567    592,169 
Oritani Financial Corp.   35,820    563,090 
Park National Corp.   7,109    682,464 
Prosperity Bancshares, Inc.   19,793    1,086,438 
SunTrust Banks, Inc.   42,025    1,840,695 
SVB Financial Group (I)   4,564    504,505 
Synovus Financial Corp.   37,548    1,221,436 
TCF Financial Corp.   63,800    925,738 
The PNC Financial Services Group, Inc.   18,510    1,667,566 
Union Bankshares Corp.   50,073    1,340,454 
         19,370,008 
Industrials - 0.1%          
HC2 Holdings, Inc. (I)   88,710    483,470 
TOTAL COMMON STOCKS (Cost $17,510,442)          $19,853,478 
           
PREFERRED SECURITIES - 7.6%          
Consumer staples - 0.4%          
Tyson Foods, Inc., 4.750%   31,528    2,580,882 
Financials - 3.4%          
Colony Capital, Inc., 7.125%   19,975    494,981 
First Republic Bank, 5.500%   22,976    618,284 
First Tennessee Bank NA, 3.750% (P)(S)   2,315    1,642,276 
Huntington Bancshares, Inc., 8.500%   1,455    2,109,721 
IBERIABANK Corp. (6.600% to          
05/01/2026, then          
3 month LIBOR + 4.920%)   11,376    303,057 
M&T Bank Corp., Series A, 6.375%   1,540    1,586,200 
Regions Financial Corp., 6.375%   49,955    1,293,835 
SunTrust Banks, Inc., 4.000% (P)   42,525    1,019,324 
The Hartford Financial Services          
Group, Inc. (7.875% to 04/15/2022,          
then 3 month LIBOR + 5.596%)   50,575    1,595,641 
U.S. Bancorp, 3.500% (P)   2,829    2,456,336 
U.S. Bancorp (6.500% to 01/15/2022, then          
3 month LIBOR + 4.468%)   64,350    1,938,222 
Valley National Bancorp (6.250% to          
06/30/2025, then          
3 month LIBOR + 3.850%)   26,533    779,009 
Wells Fargo & Company (5.850% to          
09/15/2023, then          
3 month LIBOR + 3.090%)   27,605    738,434 
Wells Fargo & Company (6.625% to          
03/15/2024, then          
3 month LIBOR + 3.690%)   73,031    2,174,863 
Zions Bancorporation, 7.900%   43,550    1,147,978 
Zions Bancorporation (6.950% to          
09/15/2023, then          
3 month LIBOR + 3.890%)   22,575    670,026 
         20,568,187 
Real estate - 0.8%          
American Tower Corp., 5.250%   13,535    1,500,896 
Crown Castle International Corp., 4.500%   22,754    2,571,657 
Welltower, Inc., 6.500%   13,215    879,458 
         4,952,011 
Utilities - 3.0%          
Dominion Resources, Inc., 5.250%   48,536    1,235,727 
Dominion Resources, Inc., 6.375%   64,220    3,195,587 
Dominion Resources, Inc., 6.750%   40,180    2,004,982 

 

Strategic Income Opportunities Trust (continued)

 

    Shares or      
    Principal      
    Amount   Value 
PREFERRED SECURITIES (continued)          
Utilities (continued)          
Exelon Corp., 6.500%   56,187  $2,626,180 
Great Plains Energy, Inc., 7.000%   32,410    1,668,791 
Integrys Holding, Inc. (6.000% to          
08/01/2023, then          
3 month LIBOR + 3.220%)   18,656    510,242 
NextEra Energy, Inc., 6.123%   49,405    2,460,369 
NextEra Energy, Inc., 6.371%   32,765    1,934,446 
SCE Trust I, 5.625%   22,260    569,633 
Spire, Inc., 6.750%   29,900    1,715,901 
         17,921,858 
TOTAL PREFERRED SECURITIES (Cost $43,206,855)          $46,022,938 
           
PURCHASED OPTIONS - 0.3%          
Call options - 0.1%          
Over the Counter Option on the USD vs.          
CAD (Expiration Date: 12/08/2017;          
Strike Price: $1.25; Counterparty: RBC          
Dominion Securities, Inc.) (I)   12,490,000    240,620 
Over the Counter Option on the USD vs.          
KRW (Expiration Date: 09/29/2017;          
Strike Price: $1,210.00; Counterparty:          
Standard Chartered Bank) (I)   11,711,915    268,203 
         508,823 
Put options - 0.2%          
Over the Counter Option on the AUD vs.          
USD (Expiration Date: 06/30/2017;          
Strike Price: AUD 0.68;          
Counterparty: HSBC) (I)   10,015,000    70,709 
Over the Counter Option on the EUR vs.          
SEK (Expiration Date: 11/02/2016;          
Strike Price: EUR 9.00; Counterparty:          
Goldman Sachs & Company) (I)   8,010,000    9 
Over the Counter Option on the EUR vs.          
USD (Expiration Date: 02/06/2017;          
Strike Price: EUR 1.03; Counterparty:          
Goldman Sachs & Company) (I)   12,750,000    32,770 
Over the Counter Option on the EUR vs.          
USD (Expiration Date: 06/19/2018;          
Strike Price: EUR 0.95; Counterparty:          
RBC Dominion Securities, Inc.) (I)   16,200,000    126,405 
Over the Counter Option on the EUR vs.          
USD (Expiration Date: 11/10/2016;          
Strike Price: EUR 0.95; Counterparty:          
Deutsche Bank Securities) (I)   17,950,000    20 
Over the Counter Option on the GBP vs.          
USD (Expiration Date: 09/26/2017;          
Strike Price: GBP 1.23; Counterparty:          
Canadian Imperial Bank) (I)   12,820,000    355,662 
Over the Counter Option on the USD vs.          
CAD (Expiration Date: 01/18/2018;          
Strike Price: $1.28; Counterparty: RBC          
Dominion Securities, Inc.) (I)   5,520,000    167,731 
Over the Counter Option on the USD vs.          
CAD (Expiration Date: 10/10/2017;          
Strike Price: $1.17; Counterparty:          
Canadian Imperial Bank) (I)   25,735,000    110,455 
Over the Counter Option on the USD vs.          
CAD (Expiration Date: 11/03/2017;          
Strike Price: $1.18; Counterparty: RBC          
Dominion Securities, Inc.) (I)   21,000,000    129,843 

 

The accompanying notes are an integral part of the financial statements.

260

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (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 Option on the USD vs.          
CAD (Expiration Date: 12/15/2017;          
Strike Price: $1.18; Counterparty: RBC          
Dominion Securities, Inc.) (I)   16,500,000  $127,826 
         1,121,430 
TOTAL PURCHASED OPTIONS (Cost $2,820,246)     $1,630,253 
           
SHORT-TERM INVESTMENTS - 0.3%          
Repurchase agreement - 0.3%          
Barclays Tri-Party Repurchase Agreement          
dated 09/30/2016 at 0.420% to be          
repurchased at $775,027 on 10/03/2016,          
collateralized by $762,000          
U.S. Treasury Inflation Indexed Notes,          
0.125% due 04/15/2021 (valued at          
$790,530, including interest)  $775,000  $775,000 
Repurchase Agreement with State          
Street Corp. dated 09/30/2016 at          
0.030% to be repurchased at $1,097,003          
on 10/03/2016, collateralized by          
$1,015,000 U.S. Treasury Notes,          
3.500% due 05/15/2020 (valued at          
$1,119,038, including interest)   1,097,000    1,097,000 
         1,872,000 
TOTAL SHORT-TERM INVESTMENTS (Cost $1,872,000)     $1,872,000 
Total Investments (Strategic Income Opportunities Trust)          
(Cost $585,224,102) - 99.0%      $597,977,816 
Other assets and liabilities, net - 1.0%        6,305,861 
TOTAL NET ASSETS - 100.0%     $604,283,677 

 

Total Bond Market Trust B

 

    Shares or      
    Principal      
    Amount   Value 
U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS - 69.7%          
U.S. Government - 38.6%          
U.S. Treasury Bonds          
2.500%, 05/15/2046  $18,625,000  $19,339,436 
4.250%, 05/15/2039 to 11/15/2040   4,610,000    6,338,875 
4.375%, 05/15/2041   1,830,000    2,576,583 
4.625%, 02/15/2040   5,000,000    7,230,470 
4.750%, 02/15/2041   2,000,000    2,957,422 
7.875%, 02/15/2021   3,400,000    4,380,954 
8.125%, 08/15/2021   1,400,000    1,860,359 
8.750%, 08/15/2020   5,750,000    7,435,469 
U.S. Treasury Notes          
0.625%, 08/31/2017 to 04/30/2018   9,600,000    9,588,371 
0.750%, 12/31/2017   4,700,000    4,701,654 
1.250%, 04/30/2019 to 01/31/2020   2,000,000    2,019,336 
1.375%, 09/30/2018 to 10/31/2020   31,400,000    31,765,176 
1.500%, 12/31/2018 to 08/15/2026   38,785,000    38,882,575 
1.625%, 06/30/2019 to 07/31/2020   30,300,000    30,947,163 
1.750%, 09/30/2019   7,000,000    7,174,181 
1.875%, 08/31/2017   1,100,000    1,112,027 
2.000%, 11/15/2021 to 02/15/2022   25,400,000    26,390,546 
2.750%, 02/15/2019   7,000,000    7,316,638 
3.125%, 05/15/2021   13,100,000    14,254,948 

 

Total Bond Market Trust B (continued)

 

    Shares or      
    Principal      
    Amount   Value 
U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS (continued)          
U.S. Government (continued)          
U.S. Treasury Notes (continued)          
4.250%, 11/15/2017  $7,300,000  $7,587,416 
         233,859,599 
U.S. Government Agency - 31.1%          
Federal Home Loan Bank          
0.875%, 05/24/2017   1,000,000    1,002,235 
5.500%, 07/15/2036   190,000    276,279 
Federal Home Loan Mortgage Corp.          
2.375%, 01/13/2022   1,500,000    1,579,557 
2.500%, 04/01/2031   2,858,577    2,962,705 
3.000%, 10/01/2042 to 08/01/2046   6,509,390    6,777,875 
3.118%, 08/01/2037 (P)   622,380    659,547 
3.204%, 02/01/2037 (P)   251,791    263,967 
3.500%, TBA (C)   4,300,000    4,536,242 
3.500%, 12/01/2025 to 03/01/2045   6,283,221    6,676,338 
4.000%, 02/01/2024 to 12/01/2040   1,911,512    2,062,082 
4.500%, 05/01/2024 to 11/01/2041   3,499,871    3,850,580 
5.000%, TBA (C)   2,300,000    2,548,867 
5.000%, 06/01/2023 to 10/01/2040   886,873    995,712 
5.500%, 08/23/2017 to 01/01/2039   2,689,767    2,911,857 
6.000%, 06/01/2022 to 10/01/2038   579,157    664,812 
6.250%, 07/15/2032   450,000    678,474 
6.500%, 11/01/2016 to 09/01/2038   174,547    203,748 
6.750%, 09/15/2029   1,200,000    1,811,884 
7.000%, 04/01/2029 to 10/01/2038   143,642    169,351 
7.500%, 09/01/2030 to 03/01/2032   13,865    16,741 
8.000%, 02/01/2030   1,803    2,203 
Federal National Mortgage Association          
2.208%, 01/01/2035 (P)   587,359    608,163 
2.344%, 07/01/2034 (P)   299,411    307,991 
2.500%, TBA (C)   8,000,000    8,287,137 
2.500%, 05/01/2028   1,733,883    1,798,939 
2.625%, 09/06/2024   1,000,000    1,069,628 
2.708%, 10/01/2037 (P)   98,017    103,911 
2.748%, 05/01/2036 (P)   129,039    136,350 
2.794%, 09/01/2037 (P)   262,612    275,168 
2.936%, 04/01/2037 (P)   805,227    850,616 
3.000%, TAB (C)   11,400,000    11,848,725 
3.000%, 01/01/2027 to 04/01/2043   13,771,418    14,413,763 
3.500%, TBA (C)   3,000,000    3,165,523 
3.500%, 12/01/2025 to 08/01/2045   23,561,379    25,011,176 
4.000%, 08/01/2020 to 12/01/2042   8,901,618    9,607,698 
4.500%, 06/01/2018 to 06/01/2041   4,975,527    5,449,608 
5.000%, 12/01/2018 to 07/01/2039   2,546,863    2,840,897 
5.500%, 08/01/2017 to 11/01/2038   1,660,857    1,870,200 
6.000%, 01/01/2021 to 08/01/2038   1,174,402    1,337,268 
6.500%, 07/01/2017 to 12/01/2037   301,328    351,211 
7.000%, 02/01/2031 to 10/01/2038   115,746    137,000 
7.125%, 01/15/2030   209,000    326,949 
7.250%, 05/15/2030   1,450,000    2,299,327 
7.500%, 09/01/2030 to 08/01/2031   27,343    33,094 
8.000%, 08/01/2030 to 09/01/2031   8,383    10,219 
8.500%, 09/01/2030   1,235    1,530 
Government National Mortgage Association          
3.000%, TBA (C)   10,000,000    10,422,662 
3.000%, 08/15/2043   2,458,023    2,580,927 
3.500%, TBA (C)   5,600,000    5,940,620 
3.500%, 04/15/2042 to 07/20/2046   18,401,081    19,654,519 
4.000%, 11/15/2026 to 08/20/2045   7,405,973    7,970,533 
4.500%, 05/15/2019 to 10/20/2040   2,527,468    2,779,636 
5.000%, 05/15/2018 to 07/20/2040   2,226,899    2,490,517 
5.500%, 08/15/2023 to 09/20/2039   847,520    961,190 

 

The accompanying notes are an integral part of the financial statements.

261

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Bond Market Trust B (continued)

 

    Shares or      
    Principal      
    Amount   Value 
U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS (continued)          
U.S. Government Agency (continued)          
Government National Mortgage          
Association (continued)          
6.000%, 04/15/2017 to 10/15/2038  $517,231  $594,320 
6.500%, 05/15/2028 to 12/15/2038   280,152    326,411 
7.000%, 08/15/2029 to 05/15/2032   51,539    61,365 
7.500%, 08/15/2029 to 01/15/2031   15,215    18,398 
8.000%, 04/15/2031   8,378    10,383 
8.500%, 09/15/2030   5,611    7,042 
Tennessee Valley Authority          
3.875%, 02/15/2021   700,000    776,505 
The Financing Corp. 8.600%, 09/26/2019   675,000    822,213 
         188,210,388 
TOTAL U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS (Cost $406,264,568)     $422,069,987 
           
FOREIGN GOVERNMENT          
OBLIGATIONS - 2.3%          
Brazil - 0.3%          
Federative Republic of Brazil          
4.250%, 01/07/2025   1,612,000    1,609,582 
5.875%, 01/15/2019   105,000    113,820 
         1,723,402 
Canada - 0.6%          
Government of Canada          
0.875%, 02/14/2017   250,000    250,160 
Province of British Columbia          
6.500%, 01/15/2026   490,000    663,499 
Province of Manitoba          
9.625%, 12/01/2018   300,000    349,500 
Province of New Brunswick          
5.200%, 02/21/2017   380,000    386,102 
Province of Nova Scotia          
5.125%, 01/26/2017   455,000    460,859 
Province of Ontario          
1.100%, 10/25/2017   1,000,000    1,001,150 
Province of Quebec          
7.125%, 02/09/2024   150,000    197,942 
7.500%, 07/15/2023   410,000    542,063 
         3,851,275 
Chile - 0.1%          
Republic of Chile          
3.875%, 08/05/2020   510,000    554,115 
Colombia - 0.1%          
Republic of Colombia          
4.375%, 07/12/2021   550,000    595,650 
Israel - 0.2%          
Government of Israel          
5.125%, 03/26/2019   530,000    579,732 
5.500%, 09/18/2023   455,000    568,397 
         1,148,129 
Italy - 0.1%          
Republic of Italy          
6.875%, 09/27/2023   300,000    375,151 
Mexico - 0.2%          
Government of Mexico          
5.950%, 03/19/2019   415,000    460,650 
6.050%, 01/11/2040   930,000    1,136,925 
         1,597,575 

 

Total Bond Market Trust B (continued)

 

    Shares or      
    Principal      
    Amount   Value 
FOREIGN GOVERNMENT          
OBLIGATIONS (continued)          
Panama - 0.1%          
Republic of Panama          
6.700%, 01/26/2036  $370,000  $505,050 
Peru - 0.1%          
Republic of Peru          
6.550%, 03/14/2037   250,000    354,075 
7.125%, 03/30/2019   120,000    137,400 
         491,475 
Philippines - 0.2%          
Republic of Philippines          
4.000%, 01/15/2021   1,000,000    1,086,267 
Poland - 0.0%          
Republic of Poland          
6.375%, 07/15/2019   110,000    123,750 
South Africa - 0.1%          
Republic of South Africa          
5.500%, 03/09/2020   740,000    807,080 
Turkey - 0.2%          
Republic of Turkey          
6.000%, 01/14/2041   400,000    427,896 
6.250%, 09/26/2022   400,000    439,000 
7.500%, 07/14/2017   400,000    415,580 
         1,282,476 
TOTAL FOREIGN GOVERNMENT          
OBLIGATIONS (Cost $13,490,680)          $14,141,395 
           
CORPORATE BONDS - 26.3%          
Consumer discretionary - 2.5%          
21st Century Fox America, Inc.          
6.650%, 11/15/2037   440,000    581,234 
American Honda Finance Corp.          
1.307%, 09/20/2017 (P)   470,000    471,287 
2.150%, 03/13/2020   250,000    255,465 
2.450%, 09/24/2020   470,000    483,288 
Brinker International, Inc.          
3.875%, 05/15/2023   250,000    237,547 
CBS Corp.          
4.300%, 02/15/2021   150,000    162,972 
Comcast Corp.          
2.350%, 01/15/2027   455,000    447,993 
5.700%, 07/01/2019   310,000    345,893 
6.500%, 11/15/2035   255,000    354,348 
Cox Communications, Inc.          
9.375%, 01/15/2019 (S)   125,000    144,486 
Discovery Communications LLC          
5.625%, 08/15/2019   250,000    273,960 
Ford Motor Credit Company LLC          
5.000%, 05/15/2018   1,040,000    1,091,605 
General Motors Financial Company, Inc.          
5.250%, 03/01/2026   650,000    711,826 
Grupo Televisa SAB          
6.625%, 01/15/2040   220,000    251,513 
Hyatt Hotels Corp.          
3.375%, 07/15/2023   250,000    257,173 
Johnson Controls, Inc.          
5.700%, 03/01/2041   150,000    182,312 
Lowe’s Companies, Inc.          
3.375%, 09/15/2025   460,000    496,185 
5.800%, 10/15/2036   140,000    183,730 
6.100%, 09/15/2017   180,000    188,478 

 

The accompanying notes are an integral part of the financial statements.

262

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Bond Market Trust B (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Consumer discretionary (continued)          
McDonald’s Corp.          
3.625%, 05/20/2021  $250,000  $268,531 
5.000%, 02/01/2019   228,000    246,800 
NBCUniversal Media LLC          
5.150%, 04/30/2020   230,000    258,037 
Newell Brands, Inc.          
2.150%, 10/15/2018   250,000    253,545 
3.900%, 11/01/2025   250,000    264,364 
O’Reilly Automotive, Inc.          
4.875%, 01/14/2021   300,000    333,270 
TCI Communications, Inc.          
7.125%, 02/15/2028   110,000    155,920 
The Home Depot, Inc.          
2.625%, 06/01/2022   400,000    415,403 
3.350%, 09/15/2025   752,000    815,525 
4.250%, 04/01/2046   390,000    451,587 
5.875%, 12/16/2036   280,000    384,819 
The Walt Disney Company          
1.500%, 09/17/2018   500,000    503,885 
3.150%, 09/17/2025   500,000    541,784 
Thomson Reuters Corp.          
4.500%, 05/23/2043   250,000    255,410 
Time Warner Cable, Inc.          
4.125%, 02/15/2021   60,000    63,691 
Time Warner Companies, Inc.          
7.250%, 10/15/2017   100,000    105,928 
7.570%, 02/01/2024   240,000    309,895 
Time Warner Entertainment Company LP          
8.375%, 07/15/2033   525,000    716,026 
Time Warner, Inc.          
4.850%, 07/15/2045   500,000    560,314 
7.625%, 04/15/2031   285,000    404,373 
Toyota Motor Credit Corp.          
3.400%, 09/15/2021   320,000    344,461 
Viacom, Inc.          
4.500%, 03/01/2021   120,000    130,539 
         14,905,402 
Consumer staples - 1.9%          
Altria Group, Inc.          
9.250%, 08/06/2019   105,000    127,547 
Anheuser-Busch InBev Finance, Inc.          
3.650%, 02/01/2026   800,000    856,706 
4.900%, 02/01/2046   500,000    599,674 
Anheuser-Busch InBev Worldwide, Inc.          
6.875%, 11/15/2019   460,000    533,361 
7.750%, 01/15/2019   335,000    381,074 
Bottling Group LLC          
5.125%, 01/15/2019   105,000    113,877 
Bunge, Ltd. Finance Corp.          
8.500%, 06/15/2019   160,000    187,468 
Campbell Soup Company          
4.500%, 02/15/2019   300,000    321,253 
ConAgra Foods, Inc.          
5.819%, 06/15/2017   38,000    39,086 
7.000%, 04/15/2019   24,000    26,830 
9.750%, 03/01/2021   175,000    221,375 
CVS Health Corp.          
3.875%, 07/20/2025   650,000    708,004 
4.125%, 05/15/2021   60,000    65,576 
CVS Pass-Through Trust          
8.353%, 07/10/2031 (S)   83,642    111,791 
Diageo Capital PLC          
4.828%, 07/15/2020   95,000    106,171 

 

Total Bond Market Trust B (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Consumer staples (continued)          
Edgewell Personal Care Company          
4.700%, 05/19/2021  $250,000  $263,673 
General Mills, Inc.          
5.650%, 02/15/2019   315,000    345,000 
Kellogg Company          
4.150%, 11/15/2019   30,000    32,304 
Kimberly-Clark Corp.          
7.500%, 11/01/2018   250,000    281,832 
Kraft Heinz Foods Company          
3.000%, 06/01/2026   495,000    499,265 
3.950%, 07/15/2025   600,000    649,531 
6.125%, 08/23/2018   66,000    71,613 
6.875%, 01/26/2039   40,000    55,633 
PepsiCo, Inc.          
2.850%, 02/24/2026   495,000    519,061 
4.000%, 03/05/2042   270,000    294,205 
5.500%, 01/15/2040   280,000    370,357 
Philip Morris International, Inc.          
3.600%, 11/15/2023   250,000    273,318 
4.125%, 05/17/2021   320,000    354,705 
Reynolds American, Inc.          
3.250%, 11/01/2022   270,000    278,482 
Safeway, Inc.          
6.350%, 08/15/2017   27,000    27,608 
SC Johnson & Son, Inc.          
4.000%, 05/15/2043 (S)   250,000    261,631 
The Clorox Company          
5.950%, 10/15/2017   295,000    309,455 
The Coca-Cola Company          
3.150%, 11/15/2020   560,000    600,975 
The Kroger Company          
6.400%, 08/15/2017   370,000    386,840 
The Procter & Gamble Company          
5.500%, 02/01/2034   50,000    68,080 
Wal-Mart Stores, Inc.          
4.125%, 02/01/2019   100,000    106,817 
6.200%, 04/15/2038   125,000    179,864 
7.550%, 02/15/2030   410,000    629,883 
Walgreen Company          
5.250%, 01/15/2019   84,000    90,730 
         11,350,655 
Energy - 2.7%          
Anadarko Petroleum Corp.          
6.450%, 09/15/2036   280,000    327,722 
Apache Corp.          
3.625%, 02/01/2021   250,000    262,028 
BP Capital Markets PLC          
1.375%, 11/06/2017   500,000    499,779 
2.750%, 05/10/2023   250,000    254,543 
Canadian Natural Resources, Ltd.          
6.250%, 03/15/2038   290,000    325,033 
Cenovus Energy, Inc.          
5.700%, 10/15/2019   40,000    42,934 
Chevron Corp.          
1.961%, 03/03/2020   850,000    861,741 
4.950%, 03/03/2019   90,000    97,430 
ConocoPhillips          
5.750%, 02/01/2019   100,000    108,927 
DCP Midstream LLC          
9.750%, 03/15/2019 (S)   95,000    105,640 
Devon Energy Corp.          
5.000%, 06/15/2045   485,000    472,915 

 

The accompanying notes are an integral part of the financial statements.

263

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Bond Market Trust B (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Energy (continued)          
Devon Financing Company LLC          
7.875%, 09/30/2031  $170,000  $210,747 
Enbridge Energy Partners LP          
9.875%, 03/01/2019   125,000    145,550 
Encana Corp.          
6.500%, 08/15/2034   270,000    282,628 
Energy Transfer Partners LP          
6.125%, 12/15/2045   350,000    364,799 
6.500%, 02/01/2042   50,000    52,255 
6.700%, 07/01/2018   250,000    268,135 
Ensco PLC          
4.700%, 03/15/2021   360,000    322,920 
Enterprise Products Operating LLC          
4.850%, 08/15/2042   280,000    291,506 
6.875%, 03/01/2033   130,000    158,963 
EOG Resources, Inc.          
4.100%, 02/01/2021   300,000    323,260 
Exxon Mobil Corp.          
2.397%, 03/06/2022   750,000    768,911 
Halliburton Company          
6.150%, 09/15/2019   360,000    403,479 
Kinder Morgan Energy Partners LP          
6.375%, 03/01/2041   60,000    64,964 
6.500%, 09/01/2039   180,000    194,168 
9.000%, 02/01/2019   60,000    68,763 
Kinder Morgan, Inc.          
5.550%, 06/01/2045   375,000    385,561 
Magellan Midstream Partners LP          
6.550%, 07/15/2019   180,000    201,605 
Marathon Oil Corp.          
3.850%, 06/01/2025 (L)   500,000    475,089 
Nabors Industries, Inc.          
9.250%, 01/15/2019   105,000    115,424 
Nexen Energy ULC          
6.200%, 07/30/2019   120,000    133,423 
Noble Holding International, Ltd.          
6.050%, 03/01/2041   50,000    29,750 
Occidental Petroleum Corp.          
4.100%, 02/01/2021   300,000    326,094 
ONEOK Partners LP          
6.650%, 10/01/2036   268,000    297,470 
Petro-Canada          
5.950%, 05/15/2035   235,000    281,262 
6.050%, 05/15/2018   125,000    133,561 
Petrobras Global Finance BV          
4.375%, 05/20/2023   365,000    326,493 
5.375%, 01/27/2021   400,000    396,000 
6.750%, 01/27/2041   80,000    69,200 
8.375%, 12/10/2018   90,000    97,425 
Petroleos Mexicanos          
4.875%, 01/18/2024   500,000    506,250 
5.500%, 01/21/2021   320,000    338,400 
6.625%, 06/15/2035   230,000    234,106 
Plains All American Pipeline LP          
8.750%, 05/01/2019   60,000    69,162 
Repsol Oil & Gas Canada, Inc.          
3.750%, 02/01/2021   60,000    58,145 
7.750%, 06/01/2019   150,000    164,519 
Shell International Finance BV          
0.900%, 11/15/2016   500,000    499,975 
6.375%, 12/15/2038   90,000    122,663 
Southern Natural Gas Company LLC          
4.400%, 06/15/2021   250,000    274,638 

 

Total Bond Market Trust B (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Energy (continued)          
Statoil ASA          
1.800%, 11/23/2016  $580,000  $580,655 
Sunoco Logistics Partners Operations LP          
3.450%, 01/15/2023   170,000    170,002 
The Williams Companies, Inc.          
7.875%, 09/01/2021   190,000    219,925 
Tosco Corp.          
8.125%, 02/15/2030   383,000    524,066 
Total Capital SA          
4.125%, 01/28/2021   40,000    43,847 
4.250%, 12/15/2021   60,000    67,039 
TransCanada PipeLines, Ltd.          
5.850%, 03/15/2036   405,000    495,012 
Valero Energy Corp.          
6.125%, 06/15/2017   345,000    357,217 
7.500%, 04/15/2032   270,000    335,482 
Williams Partners LP          
5.250%, 03/15/2020   400,000    433,054 
         16,042,254 
Financials - 7.9%          
AEGON Funding Company LLC          
5.750%, 12/15/2020   165,000    189,119 
American Express Company          
2.650%, 12/02/2022   345,000    353,102 
American International Group, Inc.          
6.250%, 05/01/2036   430,000    530,873 
Asian Development Bank          
5.593%, 07/16/2018   590,000    634,668 
Bank of America Corp.          
2.000%, 01/11/2018   500,000    502,289 
2.625%, 10/19/2020   400,000    408,222 
3.875%, 08/01/2025   400,000    427,576 
5.000%, 05/13/2021   820,000    915,938 
5.650%, 05/01/2018   500,000    530,367 
5.875%, 01/05/2021   350,000    401,425 
6.875%, 04/25/2018 to 11/15/2018   397,000    431,240 
7.750%, 05/14/2038   480,000    697,272 
Barclays PLC          
4.375%, 01/12/2026   500,000    517,320 
Berkshire Hathaway Finance Corp.          
4.250%, 01/15/2021   60,000    66,390 
5.400%, 05/15/2018   105,000    112,048 
Boston Properties LP          
4.125%, 05/15/2021   300,000    326,270 
Capital One Bank USA NA          
3.375%, 02/15/2023   360,000    369,916 
Capital One Financial Corp.          
3.200%, 02/05/2025   2,000,000    2,034,970 
Citigroup, Inc.          
2.400%, 02/18/2020   1,500,000    1,519,671 
5.500%, 09/13/2025   400,000    456,430 
CNA Financial Corp.          
7.350%, 11/15/2019   280,000    322,805 
Cooperatieve Rabobank UA          
4.500%, 01/11/2021   500,000    552,970 
Credit Suisse AG          
3.000%, 10/29/2021   750,000    771,827 
Credit Suisse Group Funding Guernsey, Ltd.          
3.450%, 04/16/2021 (S)   575,000    586,744 
3.750%, 03/26/2025   250,000    248,524 
Discover Financial Services          
5.200%, 04/27/2022   120,000    132,125 

 

The accompanying notes are an integral part of the financial statements.

264

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Bond Market Trust B (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Financials (continued)          
Essex Portfolio LP          
5.200%, 03/15/2021  $60,000  $67,036 
European Bank for Reconstruction &          
Development          
1.000%, 09/17/2018   500,000    499,996 
European Investment Bank          
1.750%, 06/17/2019   1,750,000    1,778,819 
2.875%, 09/15/2020   700,000    742,223 
4.875%, 01/17/2017   200,000    202,314 
Fifth Third Bancorp          
5.450%, 01/15/2017   300,000    303,375 
GE Capital International Funding Company          
4.418%, 11/15/2035   822,000    924,355 
HCP, Inc.          
3.875%, 08/15/2024   400,000    409,650 
HSBC Holdings PLC          
2.950%, 05/25/2021   575,000    583,243 
6.500%, 09/15/2037   660,000    847,045 
HSBC USA, Inc.          
2.350%, 03/05/2020   1,000,000    1,008,738 
Inter-American Development Bank          
1.875%, 03/15/2021   1,100,000    1,124,213 
7.000%, 06/15/2025   325,000    447,058 
International Bank for Reconstruction          
& Development          
2.125%, 11/01/2020   1,300,000    1,345,791 
8.625%, 10/15/2016   100,000    100,150 
International Finance Corp.          
0.875%, 06/15/2018   600,000    599,668 
Jefferies Group LLC          
5.125%, 04/13/2018   330,000    344,514 
JPMorgan Chase & Co.          
3.375%, 05/01/2023   500,000    513,953 
3.875%, 02/01/2024   1,300,000    1,401,134 
4.350%, 08/15/2021   710,000    779,665 
6.400%, 05/15/2038   125,000    172,603 
KeyCorp          
5.100%, 03/24/2021   250,000    281,915 
KFW          
1.000%, 06/11/2018   500,000    500,408 
1.875%, 04/01/2019   1,000,000    1,019,743 
4.375%, 03/15/2018   360,000    377,875 
Landwirtschaftliche Rentenbank          
5.125%, 02/01/2017   75,000    76,041 
Lincoln National Corp.          
7.000%, 06/15/2040   150,000    193,476 
MetLife, Inc.          
6.817%, 08/15/2018   190,000    208,646 
Moody’s Corp.          
5.500%, 09/01/2020   60,000    67,551 
Morgan Stanley          
2.650%, 01/27/2020   300,000    306,575 
2.800%, 06/16/2020   485,000    497,575 
4.100%, 05/22/2023   750,000    793,304 
5.950%, 12/28/2017   435,000    458,020 
6.625%, 04/01/2018   503,000    538,938 
7.300%, 05/13/2019   110,000    125,007 
National Rural Utilities Cooperative          
Finance Corp.          
10.375%, 11/01/2018   180,000    212,895 
Northern Trust Corp.          
3.450%, 11/04/2020   300,000    320,063 

 

Total Bond Market Trust B (continued)

 

    Shares or      
    Principal      
    Amount   Value 
CORPORATE BONDS (continued)          
Financials (continued)          
PartnerRe Finance A LLC          
6.875%, 06/01/2018  $250,000   $267,905 
PartnerRe Finance B LLC          
5.500%, 06/01/2020   60,000    66,707 
Plum Creek Timberlands LP          
4.700%, 03/15/2021   150,000    162,956 
PNC Funding Corp.          
6.700%, 06/10/2019   310,000    352,439 
Prudential Financial, Inc.          
5.375%, 06/21/2020   280,000    314,332 
Reinsurance Group of America, Inc.          
5.000%, 06/01/2021   50,000    54,666 
Royal Bank of Canada          
2.200%, 07/27/2018   600,000    608,421 
Simon Property Group LP          
3.500%, 09/01/2025   441,500    473,332 
5.650%, 02/01/2020   330,000    369,369 
State Street Corp.          
3.100%, 05/15/2023   250,000    259,852 
Stifel Financial Corp.          
4.250%, 07/18/2024   500,000    506,022 
Sumitomo Mitsui Financial Group, Inc.          
3.784%, 03/09/2026   550,000    594,129 
SunTrust Banks, Inc.          
6.000%, 09/11/2017   435,000    452,657 
The Bank of New York Mellon Corp.          
2.450%, 11/27/2020   450,000    461,874 
The Bank of Nova Scotia          
2.350%, 10/21/2020   400,000    408,677 
The Bear Stearns Companies LLC          
7.250%, 02/01/2018   710,000    762,449 
The Chubb Corp.          
5.750%, 05/15/2018   275,000    294,920 
The Goldman Sachs Group, Inc.          
2.625%, 04/25/2021   600,000    610,059 
3.625%, 01/22/2023   500,000    528,505 
3.750%, 02/25/2026   500,000    525,330 
6.125%, 02/15/2033   375,000    473,336 
6.150%, 04/01/2018   735,000    782,833 
7.500%, 02/15/2019   240,000    271,248 
The Hartford Financial Services Group, Inc.          
5.950%, 10/15/2036   170,000    203,227 
The PNC Financial Services Group, Inc.          
5.625%, 02/01/2017   310,000    314,461 
The Travelers Companies, Inc.          
5.900%, 06/02/2019   310,000    344,158 
Travelers Property Casualty Corp.          
7.750%, 04/15/2026   50,000    68,362 
Wells Fargo & Company          
3.450%, 02/13/2023   750,000    773,733 
5.375%, 02/07/2035   1,500,000    1,830,005 
5.625%, 12/11/2017   185,000    194,062 
XLIT, Ltd.          
5.750%, 10/01/2021   310,000    354,871 
         47,898,573 
Health care - 2.5%          
Abbott Laboratories          
2.950%, 03/15/2025   300,000    307,515 
AbbVie, Inc.          
2.900%, 11/06/2022   500,000    512,850 
3.200%, 05/14/2026   716,000    725,299 
4.400%, 11/06/2042   260,000    271,195 

 

The accompanying notes are an integral part of the financial statements.

265

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Bond Market Trust B (continued)

 

     Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)          
Health care (continued)          
Actavis Funding SCS          
3.800%, 03/15/2025  $861,000   $911,742 
4.750%, 03/15/2045   960,000    1,052,273 
Aetna, Inc.          
3.950%, 09/01/2020   290,000    311,939 
Agilent Technologies, Inc.          
3.875%, 07/15/2023   250,000    266,878 
Amgen, Inc.          
4.400%, 05/01/2045   260,000    273,800 
4.663%, 06/15/2051 (S)   159,000    170,504 
5.700%, 02/01/2019   450,000    492,788 
Anthem, Inc.          
4.650%, 08/15/2044   150,000    164,024 
6.375%, 06/15/2037   345,000    452,061 
AstraZeneca PLC          
5.900%, 09/15/2017   340,000    354,848 
Becton, Dickinson and Company          
3.250%, 11/12/2020   300,000    315,402 
Celgene Corp.          
3.875%, 08/15/2025   600,000    642,520 
Cigna Corp.          
4.000%, 02/15/2022   280,000    304,437 
Covidien International Finance SA          
6.000%, 10/15/2017   360,000    377,517 
Express Scripts Holding Company          
6.125%, 11/15/2041   330,000    409,604 
Gilead Sciences, Inc.          
3.650%, 03/01/2026   600,000    646,186 
4.500%, 04/01/2021   330,000    366,350 
GlaxoSmithKline Capital, Inc.          
6.375%, 05/15/2038   210,000    303,459 
Johnson & Johnson          
5.850%, 07/15/2038   285,000    414,190 
Laboratory Corp. of America Holdings          
4.625%, 11/15/2020   280,000    307,832 
Life Technologies Corp.          
5.000%, 01/15/2021   310,000    341,685 
McKesson Corp.          
4.750%, 03/01/2021   150,000    166,614 
Medtronic, Inc.          
5.600%, 03/15/2019   165,000    181,846 
Merck & Company, Inc.          
2.750%, 02/10/2025   850,000    881,317 
Mylan, Inc.          
2.600%, 06/24/2018   250,000    253,533 
Novartis Securities Investment, Ltd.          
5.125%, 02/10/2019   80,000    87,131 
Pfizer, Inc.          
2.750%, 06/03/2026   713,000    737,420 
4.400%, 05/15/2044   264,000    305,773 
Pharmacia Corp.          
6.500%, 12/01/2018   335,000    372,368 
Quest Diagnostics, Inc.          
4.700%, 03/30/2045   500,000    537,944 
Thermo Fisher Scientific, Inc.          
4.150%, 02/01/2024   350,000    380,480 
UnitedHealth Group, Inc.          
4.375%, 03/15/2042   50,000    55,879 
5.800%, 03/15/2036   300,000    394,610 
Zimmer Biomet Holdings, Inc.          
4.450%, 08/15/2045   375,000    384,995 
         15,436,808 

 

Total Bond Market Trust B (continued)

 

     Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)          
Industrials - 2.1%          
3M Company          
3.000%, 08/07/2025  $330,000   $355,074 
Burlington Northern Santa Fe LLC          
4.400%, 03/15/2042   50,000    56,100 
4.700%, 10/01/2019   250,000    274,729 
Canadian Pacific Railway Company          
4.450%, 03/15/2023   300,000    333,581 
Caterpillar Financial Services Corp.          
1.700%, 06/16/2018   485,000    488,476 
Caterpillar, Inc.          
3.400%, 05/15/2024   500,000    538,845 
7.900%, 12/15/2018   95,000    108,335 
CSX Corp.          
3.350%, 11/01/2025   420,000    450,661 
3.700%, 10/30/2020   270,000    288,590 
7.375%, 02/01/2019   105,000    118,842 
Emerson Electric Company          
2.625%, 12/01/2021   250,000    261,701 
4.875%, 10/15/2019   250,000    274,837 
FedEx Corp.          
3.875%, 08/01/2042   420,000    425,172 
8.000%, 01/15/2019   50,000    57,321 
Fluor Corp.          
3.375%, 09/15/2021   320,000    341,875 
General Electric Company          
4.500%, 03/11/2044   500,000    577,085 
6.750%, 03/15/2032   66,000    92,905 
6.875%, 01/10/2039   168,000    252,782 
Ingersoll-Rand Global Holding Company, Ltd.          
6.875%, 08/15/2018   340,000    373,746 
John Deere Capital Corp.          
1.700%, 01/15/2020   550,000    551,537 
Koninklijke Philips NV          
6.875%, 03/11/2038   250,000    331,509 
L-3 Communications Corp.          
4.750%, 07/15/2020   150,000    163,807 
Norfolk Southern Corp.          
4.837%, 10/01/2041   240,000    279,492 
Northrop Grumman Corp.          
3.500%, 03/15/2021   150,000    160,370 
Pitney Bowes, Inc.          
6.250%, 03/15/2019   180,000    197,351 
Precision Castparts Corp.          
3.250%, 06/15/2025   500,000    536,580 
Ryder System, Inc.          
2.450%, 11/15/2018   250,000    254,312 
Snap-on, Inc.          
6.125%, 09/01/2021   310,000    372,762 
The Boeing Company          
1.650%, 10/30/2020   438,000    441,302 
2.600%, 10/30/2025   438,000    452,070 
8.750%, 09/15/2031   90,000    143,399 
Tyco Electronics Group SA          
6.550%, 10/01/2017   500,000    525,338 
Union Pacific Corp.          
3.250%, 08/15/2025   500,000    537,919 
4.000%, 02/01/2021   280,000    306,218 
4.050%, 11/15/2045   500,000    549,060 
4.821%, 02/01/2044   285,000    344,751 
United Technologies Corp.          
5.375%, 12/15/2017   100,000    104,982 
6.125%, 02/01/2019 to 07/15/2038   470,000    578,329 
         12,501,745 

 

The accompanying notes are an integral part of the financial statements. 
266

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Bond Market Trust B (continued)

 

     Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)          
Information technology - 2.5%          
Alphabet, Inc.          
3.625%, 05/19/2021  $320,000   $351,197 
Apple, Inc.          
2.400%, 05/03/2023   800,000    814,782 
2.450%, 08/04/2026   1,060,000    1,063,504 
3.250%, 02/23/2026   500,000    531,781 
Applied Materials, Inc.          
2.625%, 10/01/2020   470,000    486,645 
3.900%, 10/01/2025   470,000    519,855 
5.100%, 10/01/2035   470,000    549,130 
Automatic Data Processing, Inc.          
3.375%, 09/15/2025   752,000    822,508 
Baidu, Inc.          
3.000%, 06/30/2020   250,000    257,103 
4.125%, 06/30/2025   250,000    268,484 
Cisco Systems, Inc.          
3.150%, 03/14/2017   360,000    363,588 
5.900%, 02/15/2039   80,000    107,398 
eBay, Inc.          
3.250%, 10/15/2020   250,000    260,906 
Fiserv, Inc.          
2.700%, 06/01/2020   250,000    257,793 
HP, Inc.          
3.750%, 12/01/2020   49,000    51,624 
IBM Corp.          
3.450%, 02/19/2026   1,115,000    1,206,475 
4.000%, 06/20/2042   210,000    220,887 
5.600%, 11/30/2039   21,000    27,054 
Intel Corp.          
2.700%, 12/15/2022   690,000    720,704 
Leidos Holdings, Inc.          
4.450%, 12/01/2020   300,000    311,910 
Microsoft Corp.          
2.000%, 11/03/2020   438,000    447,399 
3.125%, 11/03/2025   438,000    466,204 
3.750%, 05/01/2043   500,000    515,693 
4.450%, 11/03/2045   438,000    499,152 
Oracle Corp.          
2.650%, 07/15/2026   310,000    309,734 
2.950%, 05/15/2025   550,000    568,439 
4.125%, 05/15/2045   500,000    525,055 
5.750%, 04/15/2018   435,000    465,346 
QUALCOMM, Inc.          
3.450%, 05/20/2025   500,000    532,792 
The Western Union Company          
3.650%, 08/22/2018   100,000    103,123 
Visa, Inc.          
2.200%, 12/14/2020   463,000    474,800 
3.150%, 12/14/2025   463,000    489,378 
4.300%, 12/14/2045   463,000    536,509 
Xerox Corp.          
6.750%, 12/15/2039   60,000    61,611 
         15,188,563 
Materials - 1.0%          
Agrium, Inc.          
6.750%, 01/15/2019   350,000    386,667 
Barrick North America Finance LLC          
4.400%, 05/30/2021   250,000    273,871 
BHP Billiton Finance USA, Ltd.          
6.500%, 04/01/2019   300,000    336,014 
CRH America, Inc.          
8.125%, 07/15/2018   220,000    243,359 

 

Total Bond Market Trust B (continued)

 

     Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)          
Materials (continued)          
E.I. du Pont de Nemours & Company          
3.625%, 01/15/2021  $180,000   $193,132 
Freeport-McMoRan, Inc.          
3.875%, 03/15/2023   500,000    452,500 
Glencore Finance Canada, Ltd.          
5.800%, 11/15/2016 (S)   105,000    105,368 
Monsanto Company          
2.850%, 04/15/2025   300,000    301,566 
Newmont Mining Corp.          
4.875%, 03/15/2042   270,000    285,139 
Potash Corp. of Saskatchewan, Inc.          
5.625%, 12/01/2040   150,000    179,414 
PPG Industries, Inc.          
3.600%, 11/15/2020   300,000    317,696 
Praxair, Inc.          
2.450%, 02/15/2022   240,000    247,746 
Rio Tinto Alcan, Inc.          
6.125%, 12/15/2033   100,000    116,388 
Rio Tinto Finance USA PLC          
4.750%, 03/22/2042   270,000    300,836 
Rio Tinto Finance USA, Ltd.          
3.750%, 06/15/2025   485,000    522,083 
5.200%, 11/02/2040   250,000    293,368 
Teck Resources, Ltd.          
4.500%, 01/15/2021   70,000    69,300 
6.250%, 07/15/2041   270,000    258,525 
The Dow Chemical Company          
4.375%, 11/15/2042   590,000    602,047 
9.400%, 05/15/2039   130,000    212,859 
Vale Overseas, Ltd.          
6.875%, 11/10/2039   350,000    338,625 
         6,036,503 
Real estate - 0.1%          
American Tower Corp.          
4.500%, 01/15/2018   310,000    321,513 
Kimco Realty Corp.          
6.875%, 10/01/2019   60,000    68,789 
Ventas Realty LP          
4.750%, 06/01/2021   60,000    66,619 
Welltower, Inc.          
4.950%, 01/15/2021   320,000    354,423 
         811,344 
Telecommunication services - 1.2%          
America Movil SAB de CV          
3.125%, 07/16/2022   500,000    511,967 
5.000%, 03/30/2020   61,000    67,039 
AT&T, Inc.          
3.000%, 02/15/2022   500,000    516,309 
4.125%, 02/17/2026   575,000    621,714 
4.300%, 12/15/2042   20,000    19,774 
4.750%, 05/15/2046   900,000    946,751 
5.150%, 03/15/2042   50,000    54,374 
6.375%, 03/01/2041   360,000    452,030 
British Telecommunications PLC          
9.375%, 12/15/2030   190,000    307,803 
Deutsche Telekom International Finance BV          
8.750%, 06/15/2030   146,000    227,104 
Telefonica Emisiones SAU          
7.045%, 06/20/2036   230,000    302,263 
Telefonica Europe BV          
8.250%, 09/15/2030   350,000    510,397 

 

The accompanying notes are an integral part of the financial statements. 
267

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Bond Market Trust B (continued)

 

     Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)          
Telecommunication services (continued)          
Verizon Communications, Inc.          
2.625%, 02/21/2020  $880,000   $905,049 
4.272%, 01/15/2036   458,000    478,164 
4.522%, 09/15/2048   260,000    275,638 
4.600%, 04/01/2021   650,000    723,291 
Vodafone Group PLC          
4.375%, 03/16/2021   110,000    120,794 
5.450%, 06/10/2019   320,000    351,533 
         7,391,994 
Utilities - 1.9%          
Berkshire Hathaway Energy Company          
4.500%, 02/01/2045   500,000    560,054 
6.125%, 04/01/2036   447,000    594,869 
CenterPoint Energy Resources Corp.          
4.500%, 01/15/2021   246,000    265,667 
Consolidated Edison Company of New          
York, Inc.          
7.125%, 12/01/2018   295,000    330,647 
Constellation Energy Group, Inc.          
5.150%, 12/01/2020   310,000    344,727 
Dominion Resources, Inc.          
3.900%, 10/01/2025   242,000    260,226 
5.200%, 08/15/2019   110,000    120,445 
Duke Energy Carolinas LLC          
6.000%, 01/15/2038   200,000    270,580 
7.000%, 11/15/2018   290,000    324,485 
Duke Energy Corp.          
3.750%, 04/15/2024   500,000    540,086 
4.800%, 12/15/2045   500,000    569,071 
Entergy Corp.          
5.125%, 09/15/2020   310,000    344,028 
Entergy Texas, Inc.          
7.125%, 02/01/2019   50,000    56,086 
Exelon Corp.          
3.400%, 04/15/2026   542,000    562,751 
Exelon Generation Company LLC          
6.250%, 10/01/2039   160,000    178,394 
Florida Power & Light Company          
5.650%, 02/01/2037   290,000    381,112 
Georgia Power Company          
5.950%, 02/01/2039   335,000    436,293 
Hydro-Quebec          
8.400%, 01/15/2022   250,000    326,029 
Indiana Michigan Power Company          
6.050%, 03/15/2037   187,000    236,535 
NiSource Finance Corp.          
6.800%, 01/15/2019   380,000    423,116 
Oncor Electric Delivery Company LLC          
7.500%, 09/01/2038   188,000    292,673 
Pacific Gas & Electric Company          
3.500%, 10/01/2020   60,000    64,099 
6.050%, 03/01/2034   454,000    605,873 
PacifiCorp          
6.000%, 01/15/2039   335,000    457,267 
Pennsylvania Electric Company          
5.200%, 04/01/2020   300,000    324,347 
PPL Capital Funding, Inc.          
3.400%, 06/01/2023   250,000    264,120 
PPL WEM Holdings, Ltd.          
5.375%, 05/01/2021 (S)   60,000    66,841 
Progress Energy, Inc.          
4.400%, 01/15/2021   305,000    333,108 
7.050%, 03/15/2019   50,000    56,425 

 

Total Bond Market Trust B (continued)

 

     Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)          
Utilities (continued)          
Public Service Electric & Gas Company          
3.000%, 05/15/2025  $250,000   $264,417 
San Diego Gas & Electric Company          
6.125%, 09/15/2037   202,000    280,862 
Southern California Edison Company          
5.350%, 07/15/2035   130,000    162,476 
Southwestern Public Service Company          
8.750%, 12/01/2018   255,000    293,879 
The Southern Company          
3.250%, 07/01/2026   572,000    592,822 
Virginia Electric & Power Company          
3.450%, 09/01/2022   50,000    53,877 
8.875%, 11/15/2038   190,000    322,089 
         11,560,376 
TOTAL CORPORATE BONDS (Cost $148,876,459)       $159,124,217 
           
MUNICIPAL BONDS - 0.8%          
Bay Area Toll Authority (California)          
6.907%, 10/01/2050   50,000    80,284 
Illinois State Toll Highway Authority          
6.184%, 01/01/2034   150,000    200,672 
Maryland State Transportation Authority          
5.888%, 07/01/2043   60,000    82,183 
Metropolitan Washington Airports Authority          
Dulles Toll Road          
7.462%, 10/01/2046   40,000    61,951 
New Jersey Turnpike Authority          
7.102%, 01/01/2041   90,000    137,230 
New York State Dormitory Authority          
5.628%, 03/15/2039   340,000    451,605 
New York State Urban Development Corp.          
5.770%, 03/15/2039   300,000    387,216 
North Carolina Turnpike Authority          
6.700%, 01/01/2039   60,000    66,505 
State of California          
7.300%, 10/01/2039   400,000    609,660 
7.500%, 04/01/2034   80,000    121,754 
State of Illinois, GO          
5.100%, 06/01/2033   115,000    110,668 
7.350%, 07/01/2035   280,000    315,806 
State of Texas          
5.517%, 04/01/2039   260,000    362,773 
State of Utah          
3.539%, 07/01/2025   390,000    432,541 
4.554%, 07/01/2024   260,000    299,075 
State of Washington          
5.481%, 08/01/2039   260,000    351,991 
Texas Transportation Commission State          
Highway Fund          
5.178%, 04/01/2030   310,000    395,284 
University of California          
5.770%, 05/15/2043   320,000    430,534 
TOTAL MUNICIPAL BONDS (Cost $3,854,628)       $4,897,732 
           
COLLATERALIZED MORTGAGE          
OBLIGATIONS - 0.8%          
Commercial and residential - 0.4%          
Bear Stearns Commercial Mortgage          
Securities Trust, Series 2006-PW11,          
Class AM 5.565%, 03/11/2039 (P)   273    268 

 

The accompanying notes are an integral part of the financial statements. 
268

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Bond Market Trust B (continued)

 

     Shares or
Principal
Amount		   Value 
COLLATERALIZED MORTGAGE          
OBLIGATIONS (continued)          
Commercial and residential (continued)          
Commercial Mortgage Trust (Cantor          
Fitzgerald/Deutsche Bank AG)          
Series 2012-CR3, Class A3,          
2.822%, 10/15/2045  $500,000   $520,680 
Series 2012-CR5, Class A4,          
2.771%, 12/10/2045   179,000    185,953 
LB Commercial Mortgage Trust,          
Series 2007-C3, Class A4          
6.114%, 07/15/2044 (P)   153,935    157,952 
Merrill Lynch Mortgage Trust,          
Series 2008-C1, Class A4          
5.690%, 02/12/2051   620,866    638,777 
Morgan Stanley Bank of America Merrill          
Lynch Trust, Series 2013-C7, Class A4          
2.918%, 02/15/2046   240,000    251,574 
Morgan Stanley Capital I Trust          
Series 2007-T27, Class A4,          
5.818%, 06/11/2042 (P)   601,336    613,842 
Series 2011, Class C10,          
5.033%, 09/15/2047 (P)(S)   190,000    212,047 
U.S. Government Agency - 0.4%          
Federal Home Loan Mortgage Corp.          
Series K005, Class A2, 4.317%, 11/25/2019   700,000    756,024 
Series K013, Class A2, 3.974%, 01/25/2021   700,000    767,619 
Series K712, Class A2, 1.869%, 11/25/2019   700,000    710,899 
         2,234,542 
TOTAL COLLATERALIZED MORTGAGE          
OBLIGATIONS (Cost $4,684,235)       $4,815,635 
           
ASSET BACKED SECURITIES - 0.3%          
Ally Auto Receivables Trust, Series 2015-1,          
Class A3 1.390%, 09/16/2019   394,000    395,199 
BA Credit Card Trust, Series 2007-A1,          
Class A1 5.170%, 06/15/2019   500,000    506,181 
Capital Auto Receivables Asset Trust,          
Series 2014-2, Class C 2.410%, 05/20/2019   140,000    141,289 
Citibank Credit Card Issuance Trust,          
Series 2008-A1, Class A1          
5.350%, 02/07/2020   500,000    528,431 
Honda Auto Receivables Owner Trust,          
Series 2014-3, Class A3          
0.880%, 06/15/2018   279,700    279,621 
TOTAL ASSET BACKED SECURITIES (Cost $1,927,181)       $1,850,721 
           
SECURITIES LENDING COLLATERAL - 0.1%          
John Hancock          
Collateral Trust, 0.6548% (W)(Y)   27,153    271,712 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $271,706)       $271,712 
           
SHORT-TERM INVESTMENTS - 6.3%          

 

Total Bond Market Trust B (continued)

 

     Shares or
Principal
Amount		   Value
SHORT-TERM INVESTMENTS (continued)          
Money market funds - 6.3%          
State Street Institutional U.S. Government          
Money Market Fund, Premier          
Class, 0.2692% (Y)   38,011,039   $38,011,039 
TOTAL SHORT-TERM INVESTMENTS (Cost $38,011,039)       $38,011,039 
Total Investments (Total Bond Market Trust B)          
(Cost $617,380,496) - 106.6%       $645,182,438 
Other assets and liabilities, net - (6.6%)        (39,723,390)
TOTAL NET ASSETS - 100.0%       $605,459,048 
           
SALE COMMITMENTS OUTSTANDING - (2.0)%          
U.S. Government Agency - (2.0)%          
Federal National Mortgage Association          
2.500%,TBA (C)   (4,000,000)   (4,144,868)
Government National Mortgage Association          
3.000%, TBA (C)   (5,000,000)   (5,187,890)
3.500%, TBA (C)   (2,800,000)   (2,964,170)
         (12,296,928)
TOTAL SALE COMMITMENTS          
OUTSTANDING (Cost $(12,275,281))       $(12,296,928)

 

Total Stock Market Index Trust

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS - 97.7%          
Consumer discretionary - 12.8%          
Auto components - 0.4%          
American Axle &          
Manufacturing Holdings, Inc. (I)   1,888   $32,511 
Autoliv, Inc.   2,124    226,843 
BorgWarner, Inc.   5,224    183,780 
Cooper Tire & Rubber Company   1,257    47,791 
Dana, Inc.   3,337    52,024 
Dorman Products, Inc. (I)   809    51,695 
Drew Industries, Inc.   570    55,871 
Federal-Mogul Holdings Corp. (I)   4,392    42,207 
Fox Factory Holding Corp. (I)   1,016    23,338 
Gentex Corp.   6,749    118,512 
Gentherm, Inc. (I)   919    28,875 
Horizontal Global Corp. (I)   453    9,028 
Johnson Controls International PLC   12,924    601,354 
Lear Corp.   1,760    213,347 
Metaldyne Performance Group, Inc.   1,657    26,263 
Modine Manufacturing Company (I)   1,300    15,418 
Motorcar Parts of America, Inc. (I)   567    16,318 
Shiloh Industries, Inc. (I)   550    3,889 
Spartan Motors, Inc.   1,118    10,710 
Standard Motor Products, Inc.   572    27,319 
Stoneridge, Inc. (I)   901    16,578 
Strattec Security Corp.   148    5,224 
Superior Industries International, Inc.   626    18,254 
Sypris Solutions, Inc. (I)   379    390 
Tenneco, Inc. (I)   1,311    76,392 
The Goodyear Tire & Rubber Company   6,422    207,431 
Tower International, Inc.   623    15,014 
UQM Technologies, Inc. (I)   2,453    1,509 

 

The accompanying notes are an integral part of the financial statements. 
269

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Auto components (continued)          
Visteon Corp.   832   $59,621 
         2,187,506 
Automobiles - 0.6%          
Ford Motor Company   94,764    1,143,801 
General Motors Company   36,756    1,167,738 
Harley-Davidson, Inc.   4,319    227,136 
Tesla Motors, Inc. (I)(L)   3,487    711,453 
Thor Industries, Inc.   1,235    104,605 
Winnebago Industries, Inc.   747    17,607 
         3,372,340 
Distributors - 0.1%          
Core-Mark Holding Company, Inc.   1,064    38,091 
Genuine Parts Company   3,542    355,794 
LKQ Corp. (I)   7,322    259,638 
Pool Corp.   980    92,630 
Weyco Group, Inc.   372    9,996 
         756,149 
Diversified consumer services - 0.1%          
American Public Education, Inc. (I)   453    8,974 
Apollo Education Group, Inc. (I)   2,538    20,177 
Ascent Capital Group, Inc., Class A (I)   363    8,411 
Bridgepoint Education, Inc. (I)   1,121    7,701 
Bright Horizons Family Solutions, Inc. (I)   1,463    97,860 
Capella Education Company   323    18,747 
Career Education Corp. (I)   1,891    12,840 
Carriage Services, Inc.   545    12,889 
Chegg, Inc. (I)   2,115    14,995 
DeVry Education Group, Inc.   1,447    33,368 
Education Management Corp. (I)   3,020    18 
Graham Holdings Company, Class B   128    61,615 
Grand Canyon Education, Inc. (I)   1,133    45,762 
H&R Block, Inc.   5,344    123,714 
Houghton Mifflin Harcourt Company (I)   2,990    40,096 
ITT Educational Services, Inc. (I)   608    26 
K12, Inc. (I)   1,084    15,555 
Learning Tree International, Inc. (I)   519    950 
LifeLock, Inc. (I)   2,395    40,523 
Lincoln Educational Services Corp. (I)   678    1,492 
Regis Corp. (I)   1,321    16,579 
Service Corp. International   4,706    124,897 
ServiceMaster Global Holdings, Inc. (I)   3,250    109,460 
Sotheby’s   1,396    53,076 
Stonemor Partners LP   777    19,456 
Strayer Education, Inc. (I)   266    12,417 
Weight Watchers International, Inc. (I)(L)   1,789    18,462 
         920,060 
Hotels, restaurants and leisure - 2.1%          
Ambassadors Group, Inc. (I)   714    29 
Aramark   5,840    222,095 
Biglari Holdings, Inc. (I)   56    24,417 
BJ’s Restaurants, Inc. (I)   542    19,268 
Bloomin’ Brands, Inc.   2,665    45,945 
Bob Evans Farms, Inc.   526    20,146 
Bojangles’, Inc. (I)   991    15,816 
Boyd Gaming Corp. (I)   2,796    55,305 
Brinker International, Inc.   1,320    66,568 
Buffalo Wild Wings, Inc. (I)   435    61,222 
Caesars Entertainment Corp. (I)(L)   3,301    24,592 
Carnival Corp.   13,398    654,090 
Carrols Restaurant Group, Inc. (I)   909    12,008 
Cedar Fair LP   1,367    78,315 

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Hotels, restaurants and leisure (continued)          
Century Casinos, Inc. (I)   885   $6,115 
Chipotle Mexican Grill, Inc. (I)   699    296,027 
Choice Hotels International, Inc.   1,306    58,874 
Churchill Downs, Inc.   395    57,808 
Chuy’s Holdings, Inc. (I)   396    11,064 
ClubCorp Holdings, Inc.   1,666    24,107 
Cracker Barrel Old Country Store, Inc. (L)   557    73,647 
Darden Restaurants, Inc.   3,012    184,696 
Dave & Buster’s Entertainment, Inc. (I)   980    38,396 
Del Frisco’s Restaurant Group, Inc. (I)   746    10,049 
Denny’s Corp. (I)   1,805    19,295 
DineEquity, Inc.   453    35,873 
Domino’s Pizza, Inc.   1,186    180,094 
Dover Downs Gaming          
& Entertainment, Inc. (I)   2,511    2,762 
Dunkin’ Brands Group, Inc.   2,168    112,909 
El Pollo Loco Holdings, Inc. (I)   861    10,840 
Empire Resorts, Inc. (I)   835    16,900 
Extended Stay America, Inc.   4,943    70,191 
Fiesta Restaurant Group, Inc. (I)   623    14,952 
Fogo De Chao, Inc. (I)   843    8,911 
Gaming Partners International Corp. (I)   617    6,540 
Hilton Worldwide Holdings, Inc.   23,676    542,891 
Hyatt Hotels Corp., Class A (I)   3,241    159,522 
International Speedway Corp., Class A   1,141    38,132 
Interval Leisure Group, Inc.   3,211    55,133 
Intrawest Resorts Holdings, Inc. (I)   1,031    16,723 
Isle of Capri Casinos, Inc. (I)   904    20,141 
J Alexander’s Holdings, Inc. (I)   587    5,946 
Jack in the Box, Inc.   774    74,258 
Jamba, Inc. (I)   581    6,345 
Kona Grill, Inc. (I)   473    5,946 
Las Vegas Sands Corp.   18,970    1,091,534 
Luby’s, Inc. (I)   958    4,110 
Marriott International, Inc., Class A   9,313    627,031 
Marriott Vacations Worldwide Corp.   648    47,511 
McDonald’s Corp.   20,951    2,416,907 
MGM Resorts International (I)   13,626    354,685 
Monarch Casino & Resort, Inc. (I)   504    12,686 
Nevada Gold & Casinos, Inc. (I)   2,788    4,991 
Noodles & Company (I)   785    3,737 
Norwegian Cruise Line Holdings, Ltd. (I)   5,380    202,826 
Panera Bread Company, Class A (I)   568    110,601 
Papa John’s International, Inc.   891    70,255 
Papa Murphy’s Holdings, Inc. (I)   566    3,651 
Penn National Gaming, Inc. (I)   1,978    26,841 
Pinnacle Entertainment, Inc. (I)   1,529    18,868 
Planet Fitness, Inc., Class A (I)   2,411    48,389 
Popeyes Louisiana Kitchen, Inc. (I)   532    28,270 
Potbelly Corp. (I)   678    8,428 
RCI Hospitality Holdings, Inc.   565    6,514 
Red Robin Gourmet Burgers, Inc. (I)   311    13,976 
Red Rock Resorts, Inc., Class A   2,796    65,958 
Restaurant Brands International LP   82    3,670 
Royal Caribbean Cruises, Ltd.   5,132    384,643 
Ruby Tuesday, Inc. (I)   1,530    3,825 
Ruth’s Hospitality Group, Inc.   855    12,073 
Scientific Games Corp., Class A (I)(L)   2,110    23,780 
SeaWorld Entertainment, Inc. (L)   1,999    26,947 
Shake Shack, Inc., Class A (I)(L)   865    29,990 
Six Flags Entertainment Corp.   2,241    120,140 
Sonic Corp.   1,161    30,395 
Speedway Motorsports, Inc.   1,120    20,003 

 

The accompanying notes are an integral part of the financial statements. 
270

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Hotels, restaurants and leisure (continued)          
Starbucks Corp.   34,999   $1,894,846 
Texas Roadhouse, Inc.   1,634    63,775 
The Cheesecake Factory, Inc.   1,182    59,171 
The Habit Restaurants, Inc., Class A (I)   724    10,136 
The Marcus Corp.   739    18,505 
The Wendy’s Company   6,441    69,563 
Town Sports International Holdings, Inc. (I)   871    2,691 
Vail Resorts, Inc.   850    133,348 
Wingstop, Inc.   701    20,539 
Wyndham Worldwide Corp.   2,642    177,886 
Wynn Resorts, Ltd.   2,440    237,705 
Yum! Brands, Inc.   9,732    883,763 
Zoe’s Kitchen, Inc. (I)   517    11,472 
         12,871,538 
Household durables - 0.6%          
Bassett Furniture Industries, Inc.   337    7,835 
Beazer Homes USA, Inc. (I)   922    10,751 
CalAtlantic Group, Inc.   2,831    94,669 
Cavco Industries, Inc. (I)   228    22,583 
Century Communities, Inc. (I)   423    9,099 
DR Horton, Inc.   8,916    269,263 
Ethan Allen Interiors, Inc.   598    18,699 
Flexsteel Industries, Inc.   163    8,430 
GoPro, Inc., Class A (I)(L)   3,093    51,591 
Green Brick Partners, Inc. (I)   1,444    11,927 
Harman International Industries, Inc.   1,647    139,089 
Helen of Troy, Ltd. (I)   659    56,786 
Hooker Furniture Corp.   437    10,702 
Hovnanian Enterprises, Inc., Class A (I)(L)   3,216    5,435 
Installed Building Products, Inc. (I)   736    26,400 
iRobot Corp. (I)   671    29,511 
KB Home (L)   2,015    32,482 
La-Z-Boy, Inc.   1,265    31,068 
Leggett & Platt, Inc.   3,165    144,261 
Lennar Corp., Class A   5,114    216,527 
Libbey, Inc.   573    10,228 
M/I Homes, Inc. (I)   496    11,691 
MDC Holdings, Inc.   1,172    30,238 
Meritage Homes Corp. (I)   994    34,492 
Mohawk Industries, Inc. (I)   1,771    354,802 
NACCO Industries, Inc., Class A   219    14,883 
Newell Brands, Inc.   10,908    574,415 
NVR, Inc. (I)   92    150,868 
PulteGroup, Inc.   8,273    165,791 
Taylor Morrison Home Corp., Class A (I)   3,050    53,680 
Tempur Sealy International, Inc. (I)   1,438    81,592 
Toll Brothers, Inc. (I)   3,981    118,873 
TopBuild Corp. (I)   928    30,810 
TRI Pointe Group, Inc. (I)   3,949    52,048 
Tupperware Brands Corp.   1,166    76,221 
Turtle Beach Corp. (I)   1,303    1,707 
Universal Electronics, Inc. (I)   338    25,167 
WCI Communities, Inc. (I)   757    17,956 
Whirlpool Corp.   1,820    295,131 
William Lyon Homes, Class A (I)   882    16,361 
ZAGG, Inc. (I)   996    8,068 
         3,322,130 
Internet and direct marketing retail - 2.3%          
1-800-Flowers.com, Inc., Class A (I)   1,610    14,764 
Amazon.com, Inc. (I)   11,265    9,432,297 
Blue Nile, Inc.   298    10,257 
CafePress, Inc. (I)   462    1,478 

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Internet and direct marketing retail (continued)          
Duluth Holdings, Inc., Class B (I)   734   $19,458 
Etsy, Inc. (I)   2,735    39,056 
EVINE Live, Inc. (I)   2,055    4,706 
Expedia, Inc.   3,890    454,041 
Groupon, Inc. (I)   13,955    71,868 
HSN, Inc.   1,254    49,909 
Lands’ End, Inc. (I)   774    11,223 
Liberty Interactive Corp., Series A (I)   14,835    296,848 
Liberty TripAdvisor Holdings, Inc., Class A (I)   1,688    36,883 
Liberty Ventures, Series A (I)   3,279    130,734 
Netflix, Inc. (I)   10,227    1,007,871 
Nutrisystem, Inc.   805    23,900 
Overstock.com, Inc. (I)   704    10,785 
PetMed Express, Inc.   558    11,316 
Shutterfly, Inc. (I)   874    39,015 
The Priceline Group, Inc. (I)   1,185    1,743,716 
TripAdvisor, Inc. (I)   3,203    202,366 
Wayfair, Inc., Class A (I)(L)   2,040    80,315 
         13,692,806 
Leisure products - 0.1%          
Arctic Cat, Inc.   418    6,475 
Black Diamond, Inc. (I)   1,155    5,937 
Brunswick Corp.   2,105    102,682 
Callaway Golf Company   2,390    27,748 
Escalade, Inc.   564    7,197 
Hasbro, Inc.   2,951    234,103 
JAKKS Pacific, Inc. (I)   750    6,480 
Johnson Outdoors, Inc., Class A   385    14,002 
Malibu Boats, Inc., Class A (I)   611    9,104 
Marine Products Corp.   1,031    9,248 
Mattel, Inc.   8,193    248,084 
Nautilus, Inc. (I)   776    17,631 
Polaris Industries, Inc. (L)   1,516    117,399 
Smith & Wesson Holding Corp. (I)(L)   1,224    32,546 
Sturm Ruger & Company, Inc. (L)   479    27,667 
Vista Outdoor, Inc. (I)   1,391    55,445 
         921,748 
Media - 2.9%          
AMC Entertainment Holdings, Inc., Class A   2,380    73,994 
AMC Networks, Inc., Class A (I)   1,775    92,052 
Ballantyne Strong, Inc. (I)   629    4,403 
Cable One, Inc.   140    81,760 
Carmike Cinemas, Inc. (I)   672    21,968 
CBS Corp., Class B   10,814    591,958 
Charter Communications, Inc., Class A (I)   6,360    1,717,009 
Cinemark Holdings, Inc.   2,737    104,772 
Clear Channel Outdoor Holdings, Inc., Class A   8,558    49,979 
Comcast Corp., Class A   57,947    3,844,204 
Cumulus Media, Inc., Class A (I)   5,525    1,823 
Discovery Communications, Inc., Series A (I)   9,679    260,559 
DISH Network Corp., Class A (I)   11,114    608,825 
Entercom Communications Corp., Class A   1,104    14,286 
Entravision Communications Corp., Class A   1,989    15,176 
Gannett Company, Inc.   2,647    30,811 
Global Eagle Entertainment, Inc. (I)   1,985    16,495 
Gray Television, Inc. (I)   1,733    17,954 
Harte-Hanks, Inc.   2,038    3,302 
Hemisphere Media Group, Inc. (I)   1,373    17,506 
Insignia Systems, Inc. (I)   1,702    4,000 
John Wiley & Sons, Inc., Class A   1,356    69,983 
Liberty Braves Group, Class A (I)   814    14,204 
Liberty Broadband Corp., Series A (I)   2,493    174,909 

 

The accompanying notes are an integral part of the financial statements. 
271

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Media (continued)          
Liberty Media Group LLC, Series A (I)   2,036   $58,331 
Liberty SiriusXM Group, Class A (I)   7,901    268,476 
Lions Gate Entertainment Corp. (L)   3,361    67,186 
Live Nation Entertainment, Inc. (I)   4,879    134,075 
Loral Space & Communications, Inc. (I)   474    18,538 
Media General, Inc. (I)   3,256    60,008 
Meredith Corp.   1,103    57,345 
MSG Networks, Inc., Class A (I)   1,841    34,261 
National CineMedia, Inc.   1,475    21,712 
New Media Investment Group, Inc.   1,064    16,492 
News Corp., Class A   14,028    196,111 
Nexstar Broadcasting Group, Inc., Class A (L)   731    42,186 
NTN Buzztime, Inc. (I)   133    906 
Omnicom Group, Inc.   5,661    481,185 
Reading International, Inc., Class A (I)   649    8,664 
Regal Entertainment Group, Class A   3,772    82,041 
RLJ Entertainment, Inc. (I)   480    1,037 
Salem Media Group, Inc.   744    4,375 
Scholastic Corp.   896    35,267 
Scripps Networks Interactive, Inc., Class A   3,125    198,406 
Sinclair Broadcast Group, Inc., Class A   2,196    63,420 
Sirius XM Holdings, Inc. (I)   118,425    493,832 
Starz, Class A (I)   2,338    72,922 
TEGNA, Inc.   5,294    115,727 
The EW Scripps Company, Class A (I)   1,964    31,228 
The Interpublic Group of Companies, Inc.   9,668    216,080 
The Madison Square Garden          
Company, Class A (I)   580    98,258 
The McClatchy Company, Class A (I)   267    4,307 
The New York Times Company, Class A   3,720    44,454 
The Walt Disney Company   38,739    3,597,304 
Time Warner, Inc.   18,768    1,494,120 
Time, Inc.   2,475    35,838 
Twenty-First Century Fox, Inc., Class A   45,237    1,095,640 
Viacom, Inc., Class B   9,411    358,559 
World Wrestling Entertainment, Inc., Class A   1,906    40,598 
         17,380,821 
Multiline retail - 0.5%          
Big Lots, Inc.   1,190    56,823 
Dillard’s, Inc., Class A   833    52,487 
Dollar General Corp.   6,770    473,832 
Dollar Tree, Inc. (I)   5,620    443,587 
Fred’s, Inc., Class A   1,038    9,404 
Gordmans Stores, Inc. (I)   629    547 
J.C. Penney Company, Inc. (I)(L)   7,487    69,030 
Kohl’s Corp.   4,387    191,931 
Macy’s, Inc.   7,374    273,207 
Nordstrom, Inc. (L)   4,190    217,377 
Ollie’s Bargain Outlet Holdings, Inc. (I)   1,452    38,057 
Sears Holdings Corp. (I)(L)   2,576    29,521 
Target Corp.   14,059    965,572 
The Bon-Ton Stores, Inc.   475    812 
Tuesday Morning Corp. (I)   1,165    6,967 
         2,829,154 
Specialty retail - 2.3%          
Aaron’s, Inc.   1,760    44,739 
Abercrombie & Fitch Company, Class A   1,748    27,776 
Advance Auto Parts, Inc.   1,746    260,364 
American Eagle Outfitters, Inc.   4,277    76,387 
Asbury Automotive Group, Inc. (I)   499    27,779 
Ascena Retail Group, Inc. (I)   4,607    25,753 
AutoNation, Inc. (I)   2,471    120,362 

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Specialty retail (continued)          
AutoZone, Inc. (I)   702   $539,375 
Barnes & Noble Education, Inc. (I)   930    8,900 
Barnes & Noble, Inc.   1,949    22,024 
Bed Bath & Beyond, Inc.   3,705    159,723 
Best Buy Company, Inc.   7,744    295,666 
Boot Barn Holdings, Inc. (I)   735    8,364 
Build-A-Bear Workshop, Inc. (I)   557    5,771 
Burlington Stores, Inc. (I)   1,702    137,896 
Cabela’s, Inc. (I)   1,645    90,360 
Caleres, Inc.   1,051    26,580 
CarMax, Inc. (I)   4,642    247,651 
Chico’s FAS, Inc.   2,975    35,403 
Christopher & Banks Corp. (I)   1,524    2,210 
Citi Trends, Inc.   426    8,490 
Conn’s, Inc. (I)   865    8,927 
CST Brands, Inc.   1,825    87,764 
Destination Maternity Corp.   921    6,521 
Dick’s Sporting Goods, Inc.   2,707    153,541 
DSW, Inc., Class A   1,901    38,932 
Express, Inc. (I)   1,725    20,338 
Five Below, Inc. (I)   1,268    51,088 
Foot Locker, Inc.   3,255    220,429 
Francesca’s Holdings Corp. (I)   1,068    16,479 
GameStop Corp., Class A   2,455    67,733 
Genesco, Inc. (I)   496    27,012 
GNC Holdings, Inc., Class A   1,670    34,101 
Group 1 Automotive, Inc.   474    30,279 
Guess?, Inc.   2,072    30,272 
Haverty Furniture Companies, Inc.   645    12,926 
hhgregg, Inc. (I)(L)   733    1,349 
Hibbett Sports, Inc. (I)   480    19,152 
Kirkland’s, Inc. (I)   488    5,944 
L Brands, Inc.   6,870    486,190 
Lithia Motors, Inc., Class A   616    58,840 
Lowe’s Companies, Inc.   21,160    1,527,964 
Lumber Liquidators Holdings, Inc. (I)   593    11,664 
MarineMax, Inc. (I)   667    13,974 
Monro Muffler Brake, Inc.   814    49,792 
Murphy USA, Inc. (I)   938    66,936 
New York & Company, Inc. (I)   1,751    3,957 
O’Reilly Automotive, Inc. (I)   2,301    644,533 
Office Depot, Inc.   13,062    46,631 
Party City Holdco, Inc. (I)   2,820    48,278 
Penske Automotive Group, Inc.   1,977    95,252 
Pier 1 Imports, Inc.   2,131    9,035 
Rent-A-Center, Inc.   1,268    16,028 
Restoration Hardware Holdings, Inc. (I)(L)   1,041    35,998 
Ross Stores, Inc.   9,610    617,923 
Sally Beauty Holdings, Inc. (I)   3,491    89,649 
Sears Hometown and Outlet Stores, Inc. (I)   553    2,726 
Select Comfort Corp. (I)   1,097    23,695 
Shoe Carnival, Inc.   551    14,690 
Signet Jewelers, Ltd.   1,843    137,359 
Sonic Automotive, Inc., Class A   1,076    20,229 
Sportsman’s Warehouse Holdings, Inc. (I)   1,232    12,961 
Stage Stores, Inc.   827    4,639 
Staples, Inc.   15,719    134,397 
Stein Mart, Inc.   1,168    7,417 
Tailored Brands, Inc.   1,105    17,349 
Tandy Leather Factory, Inc. (I)   658    5,040 
The Buckle, Inc. (L)   1,131    27,178 
The Cato Corp., Class A   724    23,812 
The Children’s Place, Inc.   421    33,625 

 

The accompanying notes are an integral part of the financial statements. 
272

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Specialty retail (continued)          
The Container Store Group, Inc. (I)   1,158   $5,813 
The Finish Line, Inc., Class A   904    20,864 
The Gap, Inc. (L)   9,430    209,723 
The Home Depot, Inc.   29,704    3,822,311 
The Michaels Companies, Inc. (I)   4,961    119,907 
The TJX Companies, Inc.   15,793    1,181,001 
The Wet Seal, Inc., Class A (I)   2,075    0 
Tiffany & Company   3,043    221,013 
Tile Shop Holdings, Inc. (I)   1,280    21,184 
Tilly’s, Inc., Class A (I)   677    6,357 
Tractor Supply Company   3,191    214,914 
TravelCenters of America LLC (I)   1,139    8,155 
Ulta Salon Cosmetics & Fragrance, Inc. (I)   1,489    354,352 
Urban Outfitters, Inc. (I)   2,715    93,722 
Vitamin Shoppe, Inc. (I)   515    13,828 
Williams-Sonoma, Inc.   2,080    106,246 
Winmark Corp.   106    11,185 
Zumiez, Inc. (I)   769    13,842 
         13,716,538 
Textiles, apparel and luxury goods - 0.8%          
Carter’s, Inc.   1,183    102,578 
Charles & Colvard, Ltd. (I)   983    1,140 
Coach, Inc.   6,647    243,014 
Columbia Sportswear Company   1,688    95,777 
Crocs, Inc. (I)   2,044    16,965 
Crown Crafts, Inc.   577    5,833 
Culp, Inc.   318    9,467 
Deckers Outdoor Corp. (I)   801    47,700 
Fossil Group, Inc. (I)(L)   1,168    32,435 
G-III Apparel Group, Ltd. (I)   1,125    32,794 
Hanesbrands, Inc.   8,995    227,124 
Iconix Brand Group, Inc. (I)   1,127    9,151 
Kate Spade & Company (I)   2,991    51,236 
Lakeland Industries, Inc. (I)   590    5,871 
Movado Group, Inc.   660    14,177 
NIKE, Inc., Class B   40,216    2,117,372 
Oxford Industries, Inc.   405    27,419 
Perry Ellis International, Inc. (I)   451    8,695 
PVH Corp.   1,924    212,602 
Ralph Lauren Corp.   1,988    201,066 
Rocky Brands, Inc.   320    3,382 
Skechers U.S.A., Inc., Class A (I)   3,789    86,768 
Steven Madden, Ltd. (I)   1,519    52,497 
Under Armour, Inc., Class A (I)(L)   10,380    401,498 
Unifi, Inc. (I)   506    14,892 
Vera Bradley, Inc. (I)   970    14,696 
VF Corp.   9,949    557,641 
Vince Holding Corp. (I)   896    5,053 
Wolverine World Wide, Inc.   2,277    52,439 
         4,651,282 
         76,622,072 
Consumer staples - 9.4%          
Beverages - 1.9%          
Brown-Forman Corp., Class B   9,576    454,285 
Coca-Cola Bottling Company Consolidated   210    31,114 
Constellation Brands, Inc., Class A   4,766    793,491 
Craft Brew Alliance, Inc. (I)   652    12,277 
Dr. Pepper Snapple Group, Inc.   4,419    403,499 
MGP Ingredients, Inc.   421    17,059 
Molson Coors Brewing Company, Class B   5,127    562,945 
Monster Beverage Corp. (I)   4,848    711,735 

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Beverages (continued)          
National Beverage Corp. (I)(L)   1,122   $49,424 
PepsiCo, Inc.   34,497    3,752,239 
Primo Water Corp. (I)   620    7,521 
Reed’s, Inc. (I)   1,017    3,804 
The Boston Beer Company, Inc., Class A (I)   294    45,646 
The Coca-Cola Company   103,340    4,373,349 
Truett-Hurst, Inc. (I)   1,028    1,665 
         11,220,053 
Food and staples retailing - 2.3%          
Casey’s General Stores, Inc.   942    113,181 
Costco Wholesale Corp.   10,463    1,595,712 
CVS Health Corp.   25,642    2,281,882 
Fairway Group Holdings Corp. (I)   1,029    0 
G. Willi-Food International, Ltd. (I)   825    4,447 
Ingles Markets, Inc., Class A   512    20,244 
Natural Grocers by Vitamin Cottage, Inc. (I)   638    7,120 
Performance Food Group Company (I)   2,759    68,423 
PriceSmart, Inc.   723    60,558 
Rite Aid Corp. (I)   25,078    192,850 
Safeway, Inc. (I)   10,766    1,454 
Smart & Final Stores, Inc. (I)   1,821    23,254 
SpartanNash Company   915    26,462 
Sprouts Farmers Market, Inc. (I)   3,689    76,178 
SUPERVALU, Inc. (I)   6,097    30,424 
Sysco Corp.   13,444    658,890 
The Andersons, Inc.   712    25,760 
The Chefs’ Warehouse, Inc. (I)   749    8,344 
The Kroger Company   22,745    675,072 
United Natural Foods, Inc. (I)   1,230    49,249 
US Foods Holding Corp. (I)   5,095    120,293 
Village Super Market, Inc., Class A   298    9,539 
Wal-Mart Stores, Inc.   74,412    5,366,593 
Walgreens Boots Alliance, Inc.   26,164    2,109,342 
Weis Markets, Inc.   672    35,616 
Whole Foods Market, Inc.   7,679    217,700 
         13,778,587 
Food products - 2.0%          
Amplify Snack Brands, Inc. (I)(L)   1,795    29,079 
Archer-Daniels-Midland Company   14,052    592,573 
B&G Foods, Inc.   1,483    72,934 
Blue Buffalo Pet Products, Inc. (I)   4,709    111,886 
Bunge, Ltd.   3,331    197,295 
Cal-Maine Foods, Inc. (L)   1,128    43,473 
Calavo Growers, Inc.   391    25,583 
Campbell Soup Company   7,356    402,373 
ConAgra Foods, Inc.   10,414    490,604 
Darling Ingredients, Inc. (I)   3,756    50,744 
Dean Foods Company   2,078    34,079 
Farmer Brothers Company (I)   451    16,033 
Flowers Foods, Inc. (L)   4,909    74,224 
Fresh Del Monte Produce, Inc.   1,244    74,516 
Freshpet, Inc. (I)   980    8,477 
General Mills, Inc.   14,186    906,202 
Golden Enterprises, Inc.   781    9,364 
Hormel Foods Corp.   12,701    481,749 
Ingredion, Inc.   1,727    229,795 
J&J Snack Foods Corp.   427    50,864 
John B. Sanfilippo & Son, Inc.   291    14,937 
Kellogg Company   8,355    647,262 
Lancaster Colony Corp.   662    87,444 
Landec Corp. (I)   774    10,379 
Lifeway Foods, Inc. (I)   598    10,130 

 

The accompanying notes are an integral part of the financial statements. 
273

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Food products (continued)          
Limoneira Company   516   $9,752 
McCormick & Company, Inc.   3,000    299,760 
Mead Johnson Nutrition Company   4,460    352,385 
Mondelez International, Inc., Class A   37,080    1,627,812 
Omega Protein Corp. (I)   623    14,560 
Pilgrim’s Pride Corp.   6,123    129,318 
Pinnacle Foods, Inc.   2,785    139,723 
Post Holdings, Inc. (I)   1,528    117,916 
Sanderson Farms, Inc.   556    53,559 
Seaboard Corp. (I)   28    96,320 
Seneca Foods Corp., Class A (I)   278    7,851 
Snyder’s-Lance, Inc.   2,304    77,368 
The Hain Celestial Group, Inc. (I)   2,514    89,448 
The Hershey Company   5,093    486,891 
The J.M. Smucker Company   2,850    386,289 
The Kraft Heinz Company   29,037    2,599,102 
The WhiteWave Foods Company (I)   4,197    228,443 
Tootsie Roll Industries, Inc. (L)   1,483    54,619 
TreeHouse Foods, Inc. (I)   1,341    116,922 
Tyson Foods, Inc., Class A   8,825    658,963 
         12,219,000 
Household products - 1.5%          
Central Garden & Pet Company, Class A (I)   1,095    27,156 
Church & Dwight Company, Inc.   6,136    294,037 
Colgate-Palmolive Company   21,339    1,582,073 
Energizer Holdings, Inc.   1,459    72,892 
HRG Group, Inc. (I)   4,972    78,060 
Kimberly-Clark Corp.   8,587    1,083,164 
Orchids Paper Products Company   313    8,523 
The Clorox Company   3,078    385,304 
The Procter & Gamble Company   63,597    5,707,831 
WD-40 Company   367    41,262 
         9,280,302 
Personal products - 0.3%          
Avon Products, Inc.   9,953    56,334 
Coty, Inc., Class A (I)(L)   8,159    191,737 
Edgewell Personal Care Company (I)   1,392    110,692 
Herbalife, Ltd. (I)(L)   2,243    139,044 
Inter Parfums, Inc.   827    26,687 
Lifevantage Corp. (I)   400    3,784 
Mannatech, Inc.   243    4,357 
Medifast, Inc.   325    12,282 
Nu Skin Enterprises, Inc., Class A   1,393    90,239 
Revlon, Inc., Class A (I)   1,335    49,101 
Synutra International, Inc. (I)   1,786    7,608 
The Estee Lauder Companies, Inc., Class A   8,828    781,808 
The Female Health Company (I)   941    1,148 
United-Guardian, Inc.   255    3,713 
USANA Health Sciences, Inc. (I)   278    38,461 
         1,516,995 
Tobacco - 1.4%          
Altria Group, Inc.   46,743    2,955,560 
Philip Morris International, Inc.   37,065    3,603,459 
Reynolds American, Inc.   34,090    1,607,344 
Universal Corp.   512    29,809 
Vector Group, Ltd. (L)   3,060    65,875 
         8,262,047 
         56,276,984 

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Energy - 7.5%          
Energy equipment and services - 0.9%          
Archrock Partners LP   1,288   $18,959 
Archrock, Inc.   1,574    20,588 
Atwood Oceanics, Inc. (L)   1,533    13,322 
Baker Hughes, Inc.   10,509    530,389 
Basic Energy Services, Inc. (I)(L)   1,040    863 
Bristow Group, Inc.   775    10,866 
C&J Energy Services, Ltd. (I)(L)   2,951    2,449 
CARBO Ceramics, Inc.   550    6,017 
CSI Compressco LP   937    9,923 
Dawson Geophysical Company (I)   413    3,151 
Diamond Offshore Drilling, Inc. (L)   3,330    58,641 
Dril-Quip, Inc. (I)   921    51,337 
Exterran Corp. (I)   787    12,340 
Fairmount Santrol Holdings, Inc. (I)(L)   4,054    34,378 
FMC Technologies, Inc. (I)   5,491    162,918 
Forum Energy Technologies, Inc. (I)   2,178    43,255 
Geospace Technologies Corp. (I)   318    6,195 
Gulfmark Offshore, Inc., Class A (I)   652    1,095 
Halliburton Company   20,539    921,790 
Helix Energy Solutions Group, Inc. (I)   2,492    20,260 
Helmerich & Payne, Inc. (L)   2,579    173,567 
Hornbeck Offshore Services, Inc. (I)   906    4,983 
Key Energy Services, Inc. (I)   3,596    149 
Matrix Service Company (I)   756    14,183 
McDermott International, Inc. (I)   5,524    27,675 
Mitcham Industries, Inc. (I)   331    1,092 
Nabors Industries, Ltd.   6,927    84,232 
National Oilwell Varco, Inc.   9,076    333,452 
Natural Gas Services Group, Inc. (I)   382    9,393 
Newpark Resources, Inc. (I)   1,864    13,719 
Nuverra Environmental Solutions, Inc. (I)   513    103 
Oceaneering International, Inc.   2,388    65,694 
Oil States International, Inc. (I)   1,241    39,178 
Parker Drilling Company (I)   3,008    6,527 
Patterson-UTI Energy, Inc.   3,410    76,282 
PHI, Inc. (I)   416    7,559 
Pioneer Energy Services Corp. (I)   1,558    6,294 
RigNet, Inc. (I)   493    7,454 
Rowan Companies PLC, Class A   2,839    43,039 
RPC, Inc. (I)(L)   5,171    86,873 
Schlumberger, Ltd.   33,218    2,612,264 
SEACOR Holdings, Inc. (I)   397    23,618 
Superior Energy Services, Inc.   3,634    65,049 
Tesco Corp.   1,032    8,421 
TETRA Technologies, Inc. (I)   2,105    12,862 
Tidewater, Inc.   1,167    3,291 
Unit Corp. (I)   1,166    21,688 
USA Compression Partners LP   1,391    26,123 
Willbros Group, Inc. (I)   1,365    2,566 
         5,706,066 
Oil, gas and consumable fuels - 6.6%          
Abraxas Petroleum Corp. (I)   2,156    3,644 
Adams Resources & Energy, Inc.   152    5,977 
Alliance Holdings GP LP   1,310    34,126 
Alliance Resource Partners LP   1,688    37,440 
Alon USA Energy, Inc.   1,778    14,331 
Alon USA Partners LP   1,451    12,464 
American Midstream Partners LP   899    13,278 
Amyris, Inc. (I)   4,111    2,384 
Anadarko Petroleum Corp.   12,217    774,069 
Antero Midstream Partners LP   4,222    112,727 

 

The accompanying notes are an integral part of the financial statements. 
274

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Oil, gas and consumable fuels (continued)          
Antero Resources Corp. (I)   6,634   $178,786 
Apache Corp.   9,077    579,748 
Arch Coal, Inc. (I)   500    92 
Atlas Energy Group LLC (I)   624    930 
Bill Barrett Corp. (I)   1,147    6,377 
Black Stone Minerals LP   4,666    83,101 
Blueknight Energy Partners LP   1,840    11,206 
Boardwalk Pipeline Partners LP   5,836    100,146 
Bonanza Creek Energy, Inc. (I)   1,298    1,324 
BP Prudhoe Bay Royalty Trust   520    9,703 
BreitBurn Energy Partners LP   5,548    347 
Buckeye Partners LP   3,089    221,172 
Cabot Oil & Gas Corp.   11,097    286,303 
California Resources Corp. (I)   1,114    13,925 
Callon Petroleum Company (I)   3,189    50,067 
Calumet Specialty Products Partners LP   1,730    7,802 
Carrizo Oil & Gas, Inc. (I)   1,471    59,752 
Cheniere Energy Partners LP   8,142    238,235 
Cheniere Energy, Inc. (I)   5,652    246,427 
Chesapeake Energy Corp. (I)(L)   16,916    106,063 
Chevron Corp.   44,980    4,629,342 
Cimarex Energy Company   2,267    304,617 
Clayton Williams Energy, Inc. (I)   276    23,581 
Clean Energy Fuels Corp. (I)   2,565    11,466 
Cloud Peak Energy, Inc. (I)   1,465    7,970 
Cobalt International Energy, Inc. (I)   10,199    12,647 
Columbia Pipeline Partners LP   2,407    38,849 
Comstock Resources, Inc. (I)   240    1,834 
Concho Resources, Inc. (I)   3,137    430,867 
Cone Midstream Partners LP   1,410    25,521 
ConocoPhillips   29,600    1,286,712 
CONSOL Energy, Inc.   5,391    103,507 
Continental Resources, Inc. (I)   8,890    461,924 
Crestwood Equity Partners LP   1,757    37,336 
CrossAmerica Partners LP   777    19,728 
CVR Refining LP   3,624    31,782 
DCP Midstream Partners LP   2,713    95,850 
Delek Logistics Partners LP   591    16,891 
Delek US Holdings, Inc.   1,438    24,863 
Denbury Resources, Inc. (I)(L)   8,232    26,589 
Devon Energy Corp.   12,568    554,374 
DHT Holdings, Inc.   104    436 
Diamondback Energy, Inc. (I)   1,702    164,311 
Dominion Midstream Partners LP   1,950    46,625 
Dorchester Minerals LP   915    14,100 
Dorian LPG, Ltd. (I)   1,398    8,388 
Eclipse Resources Corp. (I)   5,786    19,036 
Emerge Energy Services LP (I)   540    7,042 
Enable Midstream Partners LP   5,323    81,176 
Enbridge Energy Management LLC (I)   2,014    51,236 
Enbridge Energy Partners LP   6,298    160,158 
Energen Corp.   2,343    135,238 
Energy Fuels, Inc. (I)   636    1,011 
Energy Transfer Equity LP   24,958    419,045 
Energy Transfer Partners LP   12,380    458,060 
Energy XXI, Ltd. (I)   5,192    286 
EnLink Midstream LLC (L)   4,365    73,114 
EnLink Midstream Partners LP   7,891    139,750 
Enterprise Products Partners LP   49,634    1,371,387 
EOG Resources, Inc.   13,147    1,271,446 
EP Energy Corp., Class A (I)(L)   5,818    25,483 
EQT Corp.   4,117    298,977 
EQT GP Holdings LP   6,386    160,097 

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Oil, gas and consumable fuels (continued)          
EQT Midstream Partners LP   1,843   $140,418 
EV Energy Partners LP   1,057    2,537 
EXCO Resources, Inc. (I)   6,714    7,184 
Exxon Mobil Corp.   98,990    8,639,847 
Foresight Energy LP   1,572    5,974 
Gastar Exploration, Inc. (I)   4,814    4,067 
Gener8 Maritime, Inc. (I)   2,175    11,136 
Genesis Energy LP   2,611    99,140 
Gevo, Inc. (I)   541    261 
Global Partners LP   689    11,120 
Green Plains, Inc.   981    25,702 
Gulfport Energy Corp. (I)   3,022    85,372 
Halcon Resources Corp. (I)   92    863 
Hallador Energy Company   826    6,509 
Harvest Natural Resources, Inc. (I)   980    788 
Hess Corp.   7,582    406,547 
Holly Energy Partners LP   1,400    47,502 
HollyFrontier Corp.   4,214    103,243 
Houston American Energy Corp. (I)   690    131 
Hugoton Royalty Trust   1,047    2,471 
Hyperdynamics Corp. (I)   479    575 
Isramco, Inc. (I)   58    4,837 
Jones Energy, Inc., Class A (I)   1,547    5,507 
Kinder Morgan, Inc.   53,304    1,232,922 
Laredo Petroleum, Inc. (I)   5,556    71,672 
Legacy Reserves LP   2,032    2,743 
Linn Energy LLC (I)   8,210    452 
LinnCo LLC (I)   2,890    130 
Lucas Energy, Inc. (I)(L)   1,204    3,624 
Magellan Midstream Partners LP   5,447    385,321 
Marathon Oil Corp.   20,352    321,765 
Marathon Petroleum Corp.   12,639    513,017 
Martin Midstream Partners LP   822    16,473 
Matador Resources Company (I)   2,374    57,783 
Memorial Production Partners LP   2,018    3,592 
Mid-Con Energy Partners LP (I)   778    2,241 
Midcoast Energy Partners LP   1,048    8,793 
MPLX LP   8,261    279,717 
Murphy Oil Corp.   4,071    123,758 
Natural Resource Partners LP   256    7,142 
Newfield Exploration Company (I)   4,760    206,870 
Noble Energy, Inc.   10,251    366,371 
Northern Oil and Gas, Inc. (I)   1,562    4,186 
NuStar Energy LP   1,916    94,995 
NuStar GP Holdings LLC   1,048    26,808 
Oasis Petroleum, Inc. (I)   4,465    51,214 
Occidental Petroleum Corp.   18,248    1,330,644 
ONEOK Partners LP   6,751    269,702 
ONEOK, Inc.   4,989    256,385 
Overseas Shipholding Group, Inc., Class A   1,656    17,504 
Pacific Ethanol, Inc. (I)   607    4,194 
Panhandle Oil and Gas, Inc., Class A   388    6,802 
Parsley Energy, Inc., Class A (I)   3,924    131,493 
PBF Energy, Inc., Class A   2,230    50,487 
PBF Logistics LP   511    10,128 
PDC Energy, Inc. (I)   1,108    74,302 
Peabody Energy Corp. (I)   438    679 
PennTex Midstream Partners LP   417    7,239 
PetroQuest Energy, Inc. (I)   417    1,443 
Phillips 66   12,528    1,009,130 
Phillips 66 Partners LP   2,304    111,974 
Pioneer Natural Resources Company   3,903    724,592 
Plains All American Pipeline LP   9,439    296,479 

 

The accompanying notes are an integral part of the financial statements. 
275

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Oil, gas and consumable fuels (continued)          
Plains GP Holdings LP, Class A   15,102   $195,420 
QEP Resources, Inc.   5,793    113,137 
Range Resources Corp.   5,898    228,552 
Renewable Energy Group, Inc. (I)   1,196    10,130 
Resolute Energy Corp. (I)   442    11,519 
REX American Resources Corp. (I)   197    16,698 
Rhino Resource Partners LP (I)   112    215 
Rice Energy, Inc. (I)   3,753    97,991 
Rice Midstream Partners LP   1,223    29,670 
RSP Permian, Inc. (I)   2,375    92,103 
Sanchez Energy Corp. (I)   1,465    12,951 
SandRidge Energy, Inc. (I)   10,864    130 
SandRidge Mississippian Trust   505    707 
SemGroup Corp., Class A   2,057    72,736 
Shell Midstream Partners LP   3,932    126,139 
Ship Finance International, Ltd. (L)   2,094    30,845 
SM Energy Company   1,585    61,149 
Southwestern Energy Company (I)   9,239    127,868 
Spectra Energy Corp.   16,675    712,856 
Spectra Energy Partners LP   6,940    303,209 
Stone Energy Corp. (I)   129    1,533 
Summit Midstream Partners LP   1,653    37,920 
Sunoco Logistics Partners LP   7,041    200,035 
Sunoco LP   2,643    76,673 
Swift Energy Company (I)   9    279 
Synergy Resources Corp. (I)   4,684    32,460 
Syntroleum Corp. (I)   371    247 
Tallgrass Energy GP LP   3,872    93,122 
Tallgrass Energy Partners LP   1,697    81,795 
Targa Resources Corp.   3,864    189,761 
TC PipeLines LP   1,593    90,849 
Teekay Corp.   1,672    12,891 
Tengasco, Inc. (I)   1,070    1,231 
Tesoro Corp.   2,845    226,348 
Tesoro Logistics LP   2,227    107,876 
The Williams Companies, Inc.   17,798    546,933 
TransMontaigne Partners LP   375    15,473 
Triangle Petroleum Corp. (I)   2,167    596 
U.S. Energy Corp. (I)   175    306 
Uranium Energy Corp. (I)   2,161    2,133 
Uranium Resources, Inc. (I)   3,461    4,430 
USD Partners LP   774    9,582 
VAALCO Energy, Inc. (I)   1,471    1,367 
Valero Energy Corp.   11,193    593,229 
Valero Energy Partners LP   1,671    73,006 
Vanguard Natural Resources LLC   658    595 
Viper Energy Partners LP   1,860    30,039 
Voc Energy Trust   1,007    3,001 
W&T Offshore, Inc. (I)   1,817    3,198 
Western Gas Equity Partners LP   5,241    222,690 
Western Gas Partners LP   3,142    172,967 
Western Refining Logistics LP   1,243    28,813 
Western Refining, Inc.   2,188    57,894 
Westmoreland Coal Company (I)   461    4,084 
Westmoreland Resource Partner   664    3,718 
Whiting Petroleum Corp. (I)   4,960    43,350 
World Fuel Services Corp.   1,687    78,041 
World Point Terminals LP   1,085    16,264 
WPX Energy, Inc. (I)   6,423    84,719 
Yuma Energy, Inc. (I)   2,484    621 
         39,355,189 
         45,061,255 

 

Total Stock Market Index Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Financials - 13.2%          
Banks - 5.2%          
1st Source Corp.   685   $24,451 
Access National Corp.   397    9,488 
Allegiance Bancshares, Inc. (I)   407    10,989 
American National Bankshares, Inc.   401    11,208 
Ameris Bancorp   787    27,506 
AmeriServ Financial, Inc.   1,409    4,636 
Ames National Corp.   411    11,368 
Arrow Financial Corp.   402    13,188 
Associated Banc-Corp.   3,482    68,212 
Banc of California, Inc.   1,252    21,860 
BancFirst Corp.   357    25,886 
BancorpSouth, Inc.   2,182    50,622 
Bank of America Corp.   245,370    3,840,041 
Bank of Hawaii Corp.   1,017    73,855 
Bank of Marin Bancorp   216    10,742 
Bank of the Ozarks, Inc.   2,566    98,534 
BankUnited, Inc.   2,340    70,668 
Banner Corp.   845    36,960 
Bar Harbor Bankshares   227    8,335 
BB&T Corp.   19,693    742,820 
Berkshire Hills Bancorp, Inc.   657    18,205 
Blue Hills Bancorp, Inc.   748    11,235 
BNC Bancorp   1,033    25,123 
BOK Financial Corp. (L)   1,606    110,766 
Boston Private Financial Holdings, Inc.   2,048    26,276 
Bridge Bancorp, Inc.   443    12,665 
Brookline Bancorp, Inc.   1,880    22,917 
Bryn Mawr Bank Corp.   468    14,971 
Camden National Corp.   257    12,269 
Capital City Bank Group, Inc.   700    10,339 
Cardinal Financial Corp.   786    20,507 
Cascade Bancorp (I)   2,560    15,514 
Cathay General Bancorp   1,785    54,942 
CenterState Banks, Inc.   1,116    19,787 
Central Pacific Financial Corp.   770    19,396 
Century Bancorp, Inc., Class A   253    11,466 
Chemical Financial Corp.   1,518    66,989 
CIT Group, Inc.   4,816    174,821 
Citigroup, Inc.   70,094    3,310,540 
Citizens & Northern Corp.   620    13,621 
Citizens Financial Group, Inc.   12,633    312,161 
City Holding Company   365    18,356 
CNB Financial Corp.   615    13,013 
CoBiz Financial, Inc.   899    11,966 
Columbia Banking System, Inc.   1,342    43,910 
Comerica, Inc.   4,208    199,123 
Commerce Bancshares, Inc.   2,190    107,879 
Community Bank Systems, Inc.   990    47,629 
Community Trust Bancorp, Inc.   429    15,920 
CommunityOne Bancorp (I)   865    11,972 
ConnectOne Bancorp, Inc.   880    15,893 
CU Bancorp (I)   517    11,793 
Cullen/Frost Bankers, Inc.   1,423    102,371 
Customers Bancorp, Inc. (I)   591    14,870 
CVB Financial Corp.   2,526    44,483 
Eagle Bancorp, Inc. (I)   854    42,128 
East West Bancorp, Inc.   3,355    123,162 
Eastern Virginia Bankshares, Inc.   783    6,295 
Enterprise Bancorp, Inc.   379    10,612 
Enterprise Financial Services Corp.   463    14,469 
Farmers Capital Bank Corp.   348    10,315 
FCB Financial Holdings, Inc., Class A (I)   906    34,818 

 

The accompanying notes are an integral part of the financial statements. 
276

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

    Shares or      
    Principal      
    Amount    Value 
COMMON STOCKS (continued)          
Banks (continued)          
Fidelity Southern Corp.   691   $12,707 
Fifth Third Bancorp   18,310    374,623 
Financial Institutions, Inc.   436    11,820 
First Bancorp   600    11,874 
First BanCorp (I)   5,138    26,718 
First Bancorp, Inc.   515    12,345 
First Busey Corp.   887    20,046 
First Citizens BancShares, Inc., Class A   285    83,759 
First Commonwealth Financial Corp.   2,339    23,601 
First Community Bancshares, Inc.   511    12,673 
First Connecticut Bancorp, Inc.   622    11,065 
First Financial Bancorp   1,424    31,100 
First Financial Bankshares, Inc. (L)   1,502    54,733 
First Financial Corp.   366    14,889 
First Horizon National Corp.   5,404    82,303 
First Interstate BancSystem, Inc., Class A   1,017    32,046 
First Merchants Corp.   902    24,129 
First Midwest Bancorp, Inc.   1,885    36,494 
First NBC Bank Holding Company (I)   623    5,881 
First Republic Bank   3,450    266,030 
Flushing Financial Corp.   641    15,205 
FNB Corp.   5,093    62,644 
Franklin Financial Network, Inc. (I)   275    10,285 
Fulton Financial Corp.   4,252    61,739 
German American Bancorp, Inc.   400    15,572 
Glacier Bancorp, Inc.   1,833    52,277 
Great Southern Bancorp, Inc.   365    14,856 
Great Western Bancorp, Inc.   1,278    42,583 
Guaranty Bancorp   637    11,370 
Hancock Holding Company   1,832    59,412 
Hanmi Financial Corp.   689    18,148 
Heartland Financial USA, Inc.   556    20,055 
Heritage Commerce Corp.   1,070    11,706 
Heritage Financial Corp.   791    14,198 
Heritage Oaks Bancorp   1,292    10,594 
Hilltop Holdings, Inc. (I)   2,495    56,038 
Home BancShares, Inc.   3,500    72,835 
Hope Bancorp, Inc.   3,241    56,296 
Horizon Bancorp   382    11,223 
Huntington Bancshares, Inc.   25,711    253,510 
IBERIABANK Corp.   942    63,227 
Independent Bank Corp. (MA)   558    30,182 
Independent Bank Corp. (MI)   832    14,003 
Independent Bank Group, Inc.   409    18,066 
International Bancshares Corp.   1,624    48,363 
Investors Bancorp, Inc.   7,583    91,072 
JPMorgan Chase & Co.   87,299    5,813,240 
KeyCorp   25,401    309,130 
Lakeland Bancorp, Inc.   1,145    16,076 
Lakeland Financial Corp.   535    18,950 
LegacyTexas Financial Group, Inc.   1,099    34,761 
Live Oak Bancshares, Inc.   879    12,675 
M&T Bank Corp.   3,774    438,161 
Macatawa Bank Corp.   1,149    9,181 
MainSource Financial Group, Inc.   561    13,997 
MB Financial, Inc.   1,784    67,863 
Mercantile Bank Corp.   458    12,297 
Merchants Bancshares, Inc.   374    12,114 
Midland States Bancorp Inc   563    14,266 
MidWestOne Financial Group, Inc.   398    12,087 
MutualFirst Financial, Inc.   388    10,759 
National Bank Holdings Corp., Class A   815    19,047 
National Bankshares, Inc. (L)   347    12,763 

 

Total Stock Market Index Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value
COMMON STOCKS (continued)          
Banks (continued)          
National Commerce Corp. (I)   455   $12,312 
NBT Bancorp, Inc.   992    32,607 
Northrim BanCorp, Inc.   304    7,828 
OFG Bancorp   1,164    11,768 
Old National Bancorp   2,775    39,017 
Pacific Continental Corp.   640    10,765 
Pacific Premier Bancorp, Inc. (I)   598    15,823 
PacWest Bancorp   2,892    124,096 
Park National Corp.   373    35,808 
Peapack Gladstone Financial Corp.   529    11,855 
Penns Woods Bancorp, Inc.   256    11,382 
Penson Worldwide, Inc. (I)   1,757    7 
People’s United Financial, Inc.   7,363    116,483 
People’s Utah Bancorp   695    14,143 
Peoples Bancorp, Inc.   546    13,426 
Pinnacle Financial Partners, Inc.   1,118    60,461 
Popular, Inc.   2,351    89,855 
Porter Bancorp, Inc. (I)   600    972 
Preferred Bank   403    14,407 
PrivateBancorp, Inc.   1,932    88,717 
Prosperity Bancshares, Inc.   1,581    86,781 
QCR Holdings, Inc.   346    10,982 
Regions Financial Corp.   30,295    299,012 
Renasant Corp.   1,074    36,119 
Republic Bancorp, Inc., Class A   485    15,074 
Republic First Bancorp, Inc. (I)   1,946    7,998 
S&T Bancorp, Inc.   834    24,178 
Sandy Spring Bancorp, Inc.   550    16,819 
Seacoast Banking Corp. of Florida (I)   961    15,462 
ServisFirst Bancshares, Inc.   655    34,001 
Sierra Bancorp   534    10,018 
Signature Bank (I)   1,184    140,245 
Simmons First National Corp., Class A   693    34,581 
South State Corp.   607    45,549 
Southside Bancshares, Inc.   561    18,053 
Southwest Bancorp, Inc.   631    11,983 
Sterling Bancorp   3,154    55,195 
Stock Yards Bancorp, Inc.   522    17,205 
Suffolk Bancorp   326    11,335 
Sun Bancorp, Inc.   653    15,058 
SunTrust Banks, Inc.   11,948    523,322 
SVB Financial Group (I)   1,210    133,753 
Synovus Financial Corp.   3,049    99,184 
TCF Financial Corp.   4,229    61,363 
Texas Capital Bancshares, Inc. (I)   1,138    62,499 
The Bancorp, Inc. (I)   1,064    6,831 
The First of Long Island Corp.   427    14,155 
The PNC Financial Services Group, Inc.   11,900    1,072,071 
Tompkins Financial Corp.   309    23,611 
Towne Bank   1,884    45,273 
TriCo Bancshares   545    14,590 
TriState Capital Holdings, Inc. (I)   734    11,854 
Trustmark Corp.   1,580    43,545 
U.S. Bancorp   41,186    1,766,468 
UMB Financial Corp.   1,204    71,578 
Umpqua Holdings Corp.   5,147    77,462 
Union Bankshares Corp.   1,081    28,938 
United Bankshares, Inc. (L)   1,602    60,347 
United Community Banks, Inc.   1,765    37,100 
United Security Bancshares/Fresno CA (I)   895    5,468 
Univest Corp. of Pennsylvania   2,751    64,263 
Valley National Bancorp   5,639    54,867 
Washington Trust Bancorp, Inc.   492    19,788 
   
The accompanying notes are an integral part of the financial statements.  
277

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Banks (continued)          
WashingtonFirst Bankshare, Inc.   372   $9,155 
Webster Financial Corp.   2,088    79,365 
Wells Fargo & Company   121,225    5,367,843 
WesBanco, Inc.   809    26,600 
West Bancorporation, Inc.   604    11,838 
WestAmerica Bancorporation (L)   587    29,867 
Western Alliance Bancorp (I)   2,473    92,836 
Wintrust Financial Corp.   1,120    62,238 
Yadkin Financial Corp.   1,185    31,154 
Zions Bancorporation   4,758    147,593 
         31,232,717 
Capital markets - 3.0%          
Affiliated Managers Group, Inc. (I)   1,299    187,965 
AllianceBernstein Holding LP   2,389    54,469 
American Capital, Ltd. (I)   5,046    85,328 
Ameriprise Financial, Inc.   3,950    394,092 
Apollo Investment Corp.   5,361    31,094 
Ares Capital Corp.   7,269    112,670 
Ares Management LP   1,977    34,420 
Arlington Asset Investment Corp., Class A   677    10,013 
Artisan Partners Asset
Management, Inc., Class A		   1,735    47,192 
Ashford, Inc. (I)   93    4,408 
Associated Capital Group, Inc., Class A   622    22,056 
Bats Global Markets, Inc.   2,322    69,962 
BGC Partners, Inc., Class A   6,607    57,811 
BlackRock Capital Investment Corp.   1,786    14,788 
BlackRock, Inc.   3,896    1,412,144 
Capitala Finance Corp.   448    5,873 
CBOE Holdings, Inc.   1,984    128,662 
CME Group, Inc.   8,092    845,776 
Cohen & Steers, Inc.   1,079    46,127 
Cowen Group, Inc., Class A (I)   2,816    10,222 
Diamond Hill Investment Group, Inc.   78    14,414 
E*TRADE Financial Corp. (I)   6,675    194,376 
Eaton Vance Corp.   2,769    108,129 
Ellington Financial LLC   739    12,319 
Evercore Partners, Inc., Class A   903    46,514 
FactSet Research Systems, Inc.   963    156,102 
Federated Investors, Inc., Class B   2,537    75,171 
Fidus Investment Corp.   459    7,229 
Fifth Street Asset Management, Inc.   1,595    8,788 
Fifth Street Finance Corp.   3,923    22,793 
Financial Engines, Inc.   1,559    46,318 
Fortress Investment Group LLC, Class A   9,373    46,303 
Franklin Resources, Inc.   13,992    497,695 
FS Investment Corp. (L)   5,942    56,271 
FXCM, Inc., Class A (I)   110    965 
GAIN Capital Holdings, Inc.   1,162    7,181 
GAMCO Investors, Inc., Class A   797    22,691 
Gladstone Capital Corp.   569    4,626 
Gladstone Investment Corp.   1,494    13,282 
Golub Capital BDC, Inc.   1,025    19,034 
Greenhill & Company, Inc.   703    16,570 
Harris & Harris Group, Inc. (I)   1,138    1,570 
Hercules Capital, Inc.   1,774    24,055 
Horizon Technology Finance Corp.   275    3,729 
Houlihan Lokey, Inc.   363    9,093 
Interactive Brokers Group, Inc., Class A   1,538    54,245 
Intercontinental Exchange, Inc.   2,836    763,905 
INTL. FCStone, Inc. (I)   465    18,065 
Invesco, Ltd.   9,973    311,856 
Investment Technology Group, Inc.   961    16,472 

 

Total Stock Market Index Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Capital markets (continued)          
Janus Capital Group, Inc.   4,317   $60,481 
KCAP Financial, Inc.   1,450    6,714 
Ladenburg Thalmann          
Financial Services, Inc. (I)   4,635    10,707 
Lazard, Ltd., Class A   3,098    112,643 
Legg Mason, Inc.   2,604    87,182 
LPL Financial Holdings, Inc. (L)   2,228    66,639 
Main Street Capital Corp.   1,289    44,251 
MarketAxess Holdings, Inc.   912    151,018 
Medallion Financial Corp.   722    3,047 
Medley Capital Corp.   1,736    13,246 
Moelis & Company, Class A   1,259    33,855 
Monroe Capital Corp.   606    9,532 
Moody’s Corp.   4,636    501,986 
Morgan Stanley   46,258    1,483,031 
Morningstar, Inc.   1,062    84,185 
MSCI, Inc.   2,292    192,390 
MVC Capital, Inc.   586    4,858 
Nasdaq, Inc.   3,882    262,190 
New Mountain Finance Corp.   1,367    18,810 
Newtek Business Services Corp.   506    7,216 
Northern Trust Corp.   5,412    367,962 
Northstar Asset Management, Inc.   4,555    58,896 
Oaktree Capital Group LLC   3,643    154,463 
Och-Ziff Capital Management
Group LLC, Class A		   11,717    50,852 
Oppenheimer Holdings, Inc., Class A   428    6,116 
PennantPark Floating Rate Capital, Ltd.   888    11,748 
PennantPark Investment Corp.   1,523    11,453 
Piper Jaffray Companies (I)   361    17,436 
Prospect Capital Corp. (L)   8,642    70,000 
Pzena Investment Management, Inc., Class A   2,091    16,101 
Raymond James Financial, Inc.   3,380    196,750 
S&P Global, Inc.   6,314    799,100 
SEI Investments Company   3,871    176,556 
Solar Capital, Ltd.   945    19,391 
Solar Senior Capital, Ltd.   600    9,726 
State Street Corp.   9,455    658,352 
Stellus Capital Investment Corp.   533    5,804 
Stifel Financial Corp. (I)   1,589    61,097 
T. Rowe Price Group, Inc.   5,909    392,949 
TCP Capital Corp.   1,223    20,033 
TD Ameritrade Holding Corp.   12,644    445,575 
The Bank of New York Mellon Corp.   25,733    1,026,232 
The Blackstone Group LP   14,923    380,984 
The Carlyle Group LP   2,076    32,323 
The Charles Schwab Corp.   31,579    996,949 
The Goldman Sachs Group, Inc.   9,909    1,598,024 
TheStreet, Inc.   2,512    2,763 
THL Credit, Inc.   1,140    10,864 
Thomson Reuters Corp.   17,901    740,743 
TICC Capital Corp.   1,539    8,957 
TPG Specialty Lending, Inc.   1,490    26,984 
Triangle Capital Corp.   914    18,006 
TriplePoint Venture Growth BDC Corp.   664    7,038 
U.S. Global Investors, Inc., Class A   1,559    2,869 
Value Line, Inc.   382    6,204 
Virtu Financial, Inc., Class A   3,420    51,197 
Virtus Investment Partners, Inc.   232    22,704 
Waddell & Reed Financial, Inc., Class A   1,952    35,448 
Westwood Holdings Group, Inc.   196    10,410 
WhiteHorse Finance, Inc.   443    4,842 
   
The accompanying notes are an integral part of the financial statements.  
278

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Capital markets (continued)          
WisdomTree Investments, Inc. (L)   3,238   $33,319 
         17,876,034 
Consumer finance - 0.7%          
American Express Company   22,707    1,454,156 
Asta Funding, Inc. (I)   529    5,555 
Atlanticus Holdings Corp. (I)   1,048    3,207 
Capital One Financial Corp.   12,214    877,332 
Credit Acceptance Corp. (I)(L)   482    96,916 
Discover Financial Services   9,810    554,756 
Emergent Capital, Inc. (I)   1,420    4,161 
Encore Capital Group, Inc. (I)   614    13,803 
Enova International, Inc. (I)   650    6,292 
EZCORP, Inc., Class A (I)   1,228    13,582 
FirstCash, Inc.   1,135    53,436 
Green Dot Corp., Class A (I)   1,164    26,842 
Navient Corp.   7,832    113,329 
Nelnet, Inc., Class A   1,071    43,236 
OneMain Holdings, Inc. (I)   3,202    99,102 
PRA Group, Inc. (I)   1,203    41,552 
Regional Management Corp. (I)   398    8,617 
Santander Consumer USA Holdings, Inc. (I)   8,373    101,816 
SLM Corp. (I)   10,289    76,859 
Synchrony Financial   19,983    559,524 
World Acceptance Corp. (I)   222    10,887 
         4,164,960 
Diversified financial services - 1.5%          
BBX Capital Corp., Class A (I)   428    8,830 
Berkshire Hathaway, Inc., Class B (I)   59,980    8,665,311 
Leucadia National Corp.   8,626    164,239 
Marlin Business Services Corp.   471    9,128 
NewStar Financial, Inc. (I)   1,315    12,769 
On Deck Capital, Inc. (I)   1,683    9,593 
PICO Holdings, Inc. (I)   659    7,770 
Voya Financial, Inc.   4,896    141,103 
         9,018,743 
Insurance - 2.4%          
Aflac, Inc.   9,844    707,488 
Alleghany Corp. (I)   369    193,732 
American Equity Investment Life
Holding Company		   1,878    33,297 
American Financial Group, Inc.   2,113    158,475 
American International Group, Inc.   26,737    1,586,574 
American National Insurance Company   645    78,664 
AMERISAFE, Inc.   428    25,158 
AmTrust Financial Services, Inc.   4,187    112,337 
Arch Capital Group, Ltd. (I)   2,904    230,171 
Argo Group International Holdings, Ltd.   722    40,735 
Arthur J. Gallagher & Company   4,192    213,247 
Aspen Insurance Holdings, Ltd.   1,417    66,018 
Assurant, Inc.   1,469    135,515 
Assured Guaranty, Ltd.   3,108    86,247 
Axis Capital Holdings, Ltd.   2,124    115,397 
Baldwin & Lyons, Inc., Class B   567    14,532 
Brown & Brown, Inc.   3,305    124,632 
Cincinnati Financial Corp.   3,911    294,968 
Citizens, Inc. (I)   1,597    14,948 
CNA Financial Corp.   6,546    225,248 
CNO Financial Group, Inc.   4,256    64,989 
Conifer Holdings, Inc. (I)   710    5,914 
Crawford & Company, Class B   1,640    18,614 
eHealth, Inc. (I)   439    4,921 

 

Total Stock Market Index Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Insurance (continued)          
Employers Holdings, Inc.   815   $24,311 
Endurance Specialty Holdings, Ltd.   1,539    100,728 
Enstar Group, Ltd. (I)   365    60,032 
Erie Indemnity Company, Class A   1,084    110,644 
Everest Re Group, Ltd.   973    184,841 
FBL Financial Group, Inc., Class A   598    38,254 
Federated National Holding Company   385    7,196 
Fidelity & Guaranty Life (L)   1,517    35,179 
First American Financial Corp.   2,568    100,871 
FNF Group   6,537    241,281 
Genworth Financial, Inc., Class A (I)   12,616    62,575 
HCI Group, Inc.   331    10,049 
Health Insurance Innovations, Inc., Class A (I)   1,218    6,395 
Heritage Insurance Holdings, Inc.   903    13,012 
Horace Mann Educators Corp.   1,077    39,472 
Independence Holding Company   527    9,054 
Infinity Property & Casualty Corp.   294    24,293 
Investors Title Company   81    8,060 
Kansas City Life Insurance Company   297    11,954 
Kemper Corp.   1,316    51,745 
Lincoln National Corp.   5,719    268,679 
Loews Corp.   8,076    332,327 
Maiden Holdings, Ltd.   1,994    25,304 
Markel Corp. (I)   333    309,280 
Marsh & McLennan Companies, Inc.   12,423    835,447 
MBIA, Inc. (I)   3,425    26,681 
Mercury General Corp.   1,321    72,457 
MetLife, Inc.   26,255    1,166,510 
National General Holdings Corp.   2,687    59,759 
National Interstate Corp.   521    16,948 
National Western Life Group, Inc., Class A   100    20,537 
Old Republic International Corp.   6,320    111,358 
OneBeacon Insurance Group, Ltd., Class A   2,595    37,057 
Patriot National, Inc. (I)   905    8,154 
Primerica, Inc.   1,095    58,068 
Principal Financial Group, Inc.   6,975    359,282 
ProAssurance Corp.   1,245    65,338 
Prudential Financial, Inc.   10,536    860,264 
Reinsurance Group of America, Inc.   1,491    160,939 
RenaissanceRe Holdings, Ltd.   970    116,555 
RLI Corp.   1,092    74,649 
Safety Insurance Group, Inc.   377    25,342 
Selective Insurance Group, Inc.   1,417    56,482 
State Auto Financial Corp.   1,117    26,596 
State National Companies, Inc.   1,118    12,432 
Stewart Information Services Corp.   549    24,403 
The Allstate Corp.   8,947    618,953 
The Hanover Insurance Group, Inc.   1,016    76,627 
The Hartford Financial Services Group, Inc.   9,403    402,636 
The Navigators Group, Inc.   351    34,019 
The Progressive Corp.   13,941    439,142 
The Travelers Companies, Inc.   6,979    799,444 
Torchmark Corp.   2,828    180,681 
Trupanion, Inc. (I)   779    13,165 
United Fire Group, Inc.   597    25,265 
United Insurance Holdings Corp.   687    11,665 
Universal Insurance Holdings, Inc. (L)   966    24,343 
Unum Group   5,653    199,607 
Validus Holdings, Ltd.   1,839    91,619 
W.R. Berkley Corp.   2,938    169,699 
White Mountains Insurance Group, Ltd.   117    97,110 
         14,006,590 

 

The accompanying notes are an integral part of the financial statements. 
279

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Mortgage real estate investment trusts - 0.2%          
AG Mortgage Investment Trust, Inc.   872  $13,734 
Altisource Residential Corp.   1,526    16,633 
American Capital Agency Corp.   7,715    150,751 
Annaly Capital Management, Inc.   23,902    250,971 
Anworth Mortgage Asset Corp.   3,235    15,916 
Apollo Commercial Real Estate Finance, Inc.   1,879    30,759 
Arbor Realty Trust, Inc.   1,351    10,024 
Ares Commercial Real Estate Corp.   819    10,319 
ARMOUR Residential REIT, Inc.   788    17,762 
Blackstone Mortgage Trust, Inc., Class A   2,139    62,994 
Capstead Mortgage Corp.   2,151    20,284 
Chimera Investment Corp.   4,170    66,512 
Colony Capital, Inc., Class A   2,835    51,682 
CYS Investments, Inc.   3,038    26,491 
Dynex Capital, Inc.   1,153    8,555 
Five Oaks Investment Corp.   910    5,169 
Great Ajax Corp.   489    6,675 
Hannon Armstrong Sustainable
Infrastructure Capital, Inc.		   1,117    26,104 
Invesco Mortgage Capital, Inc.   2,791    42,507 
iStar, Inc. (I)   1,637    17,565 
Ladder Capital Corp.   2,583    34,199 
MFA Financial, Inc.   9,061    67,776 
MTGE Investment Corp.   1,180    20,284 
New Residential Investment Corp.   5,256    72,585 
New York Mortgage Trust, Inc.   2,737    16,477 
Newcastle Investment Corp.   1,798    8,145 
Orchid Island Capital, Inc.   669    6,971 
Owens Realty Mortgage, Inc.   632    10,946 
PennyMac Mortgage Investment Trust   1,521    23,697 
Redwood Trust, Inc.   1,693    23,973 
Resource Capital Corp.   801    10,261 
Starwood Property Trust, Inc.   5,565    125,324 
Two Harbors Investment Corp.   7,848    66,943 
Western Asset Mortgage Capital Corp.   1,122    11,691 
         1,350,679 
Thrifts and mortgage finance - 0.2%          
Astoria Financial Corp.   2,156    31,478 
Bank Mutual Corp.   1,444    11,090 
BankFinancial Corp.   780    9,906 
Bear State Financial, Inc.   1,178    10,826 
Beneficial Bancorp, Inc. (I)   1,662    24,448 
BofI Holding, Inc. (I)(L)   1,568    35,123 
BSB Bancorp, Inc. (I)   420    9,841 
Capitol Federal Financial, Inc.   3,236    45,531 
Charter Financial Corp.   575    7,406 
Clifton Bancorp, Inc.   784    11,987 
Dime Community Bancshares, Inc.   949    15,905 
ESSA Bancorp, Inc.   523    7,233 
EverBank Financial Corp.   3,087    59,764 
Federal Agricultural Mortgage Corp., Class C   323    12,759 
Federal Home Loan Mortgage Corp. (I)(L)   15,491    24,321 
Federal National Mortgage Association (I)(L)   27,693    46,801 
First Defiance Financial Corp.   230    10,267 
Flagstar Bancorp, Inc. (I)   1,276    35,409 
Home Bancorp, Inc.   348    9,744 
HomeStreet, Inc. (I)   713    17,868 
Impac Mortgage Holdings, Inc. (I)   266    3,509 
Kearny Financial Corp.   2,372    32,283 
Lake Sunapee Bank Group   301    5,439 
LendingTree, Inc. (I)   265    25,681 
Meridian Bancorp, Inc.   1,422    22,141 
Meta Financial Group, Inc.   188    11,395 

 

Total Stock Market Index Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Thrifts and mortgage finance (continued)          
MGIC Investment Corp. (I)   8,139   $65,112 
New York Community Bancorp, Inc.   11,358    161,624 
Northfield Bancorp, Inc.   1,351    21,751 
Northwest Bancshares, Inc.   2,375    37,311 
OceanFirst Financial Corp.   639    12,307 
Ocwen Financial Corp. (I)   2,993    10,984 
Oritani Financial Corp.   1,190    18,707 
PennyMac Financial Services, Inc., Class A (I)   670    11,397 
PHH Corp. (I)   1,363    19,695 
Provident Financial Holdings, Inc.   312    6,103 
Provident Financial Services, Inc.   1,457    30,932 
Radian Group, Inc.   5,284    71,598 
Security National Financial Corp., Class A (I)   486    2,838 
SI Financial Group, Inc.   511    6,745 
Southern Missouri Bancorp, Inc.   279    6,947 
Territorial Bancorp, Inc.   341    9,773 
TFS Financial Corp.   6,864    122,248 
TrustCo Bank Corp.   1,893    13,421 
United Community Financial Corp.   1,925    13,687 
United Financial Bancorp, Inc.   1,528    21,148 
Walker & Dunlop, Inc. (I)   638    16,116 
Walter Investment Management Corp. (I)   929    3,772 
Washington Federal, Inc.   2,085    55,628 
Westfield Financial, Inc.   804    6,151 
WSFS Financial Corp.   723    26,382 
         1,310,532 
         78,960,255 
Health care - 12.8%          
Biotechnology - 3.1%          
AbbVie, Inc.   40,100    2,529,107 
ACADIA Pharmaceuticals, Inc. (I)(L)   2,783    88,527 
Acceleron Pharma, Inc. (I)   885    32,028 
Achillion Pharmaceuticals, Inc. (I)   3,638    29,468 
Acorda Therapeutics, Inc. (I)   997    20,817 
Aduro Biotech, Inc. (I)   1,449    18,011 
Advaxis, Inc. (I)   705    7,536 
Adverum Biotechnologies, Inc. (I)   534    2,195 
Aegerion Pharmaceuticals, Inc. (I)   693    2,058 
Affymax, Inc. (I)   914    69 
Agenus, Inc. (I)   2,116    15,193 
Agios Pharmaceuticals, Inc. (I)(L)   891    47,063 
Aimmune Therapeutics, Inc. (I)   940    14,100 
Akebia Therapeutics, Inc. (I)   1,194    10,806 
Alder Biopharmaceuticals, Inc. (I)   1,275    41,782 
Aldeyra Therapeutics, Inc. (I)   790    6,202 
Alexion Pharmaceuticals, Inc. (I)   5,353    655,957 
Alkermes PLC (I)   3,550    166,957 
Alnylam Pharmaceuticals, Inc. (I)   2,012    136,373 
AMAG Pharmaceuticals, Inc. (I)   937    22,966 
Ambit Biosciences Corp. (I)   515    309 
Amgen, Inc.   17,930    2,990,903 
Amicus Therapeutics, Inc. (I)   3,292    24,361 
Anthera Pharmaceuticals, Inc. (I)   1,412    4,448 
Applied Genetic Technologies Corp. (I)   426    4,166 
Aptevo Therapeutics, Inc. (I)   454    1,162 
Ardelyx, Inc. (I)   547    7,078 
Arena Pharmaceuticals, Inc. (I)   5,611    9,819 
Argos Therapeutics, Inc. (I)   954    4,741 
ARIAD Pharmaceuticals, Inc. (I)   4,350    59,552 
ArQule, Inc. (I)   1,903    3,406 
Array BioPharma, Inc. (I)(L)   3,361    22,687 
Arrowhead Pharmaceuticals, Inc. (I)   1,191    8,754 

 

The accompanying notes are an integral part of the financial statements. 
280

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Biotechnology (continued)          
Asterias Biotherapeutics, Inc. (I)   151   $640 
Atara Biotherapeutics, Inc. (I)   628    13,433 
aTyr Pharma, Inc. (I)   680    2,162 
AVEO Pharmaceuticals, Inc. (I)   937    834 
Avexis, Inc. (I)   563    23,201 
Bellicum Pharmaceuticals, Inc. (I)   735    14,627 
BioCryst Pharmaceuticals, Inc. (I)   2,070    9,129 
Biogen, Inc. (I)   5,232    1,637,773 
BioMarin Pharmaceutical, Inc. (I)   3,885    359,440 
BioSpecifics Technologies Corp. (I)   202    9,225 
BioTime, Inc. (I)(L)   2,574    10,039 
Bluebird Bio, Inc. (I)(L)   874    59,240 
Blueprint Medicines Corp. (I)   706    20,968 
Cara Therapeutics, Inc. (I)   670    5,595 
Cascadian Therapeutics, Inc. (I)   3,009    4,935 
Catabasis Pharmaceuticals, Inc. (I)   726    4,472 
Catalyst Biosciences, Inc. (I)   103    125 
Catalyst Pharmaceuticals, Inc. (I)   2,787    3,038 
CEL-SCI Corp. (I)   923    282 
Celgene Corp. (I)   18,495    1,933,282 
Celldex Therapeutics, Inc. (I)(L)   2,434    9,833 
Cepheid, Inc. (I)   1,746    91,997 
ChemoCentryx, Inc. (I)   1,110    6,704 
Chiasma, Inc. (I)   508    1,494 
Chimerix, Inc. (I)   1,016    5,629 
Cidara Therapeutics, Inc. (I)   342    3,916 
Clovis Oncology, Inc. (I)   1,028    37,059 
Coherus Biosciences, Inc. (I)   972    26,030 
CoLucid Pharmaceuticals, Inc. (I)   647    24,683 
Concert Pharmaceuticals, Inc. (I)   454    4,590 
Corvus Pharmaceuticals, Inc. (I)   574    9,442 
CTI BioPharma Corp. (I)   4,413    1,652 
Curis, Inc. (I)   4,091    10,678 
Cytokinetics, Inc. (I)   1,006    9,235 
CytomX Therapeutics, Inc. (I)   800    12,544 
Cytori Therapeutics, Inc. (I)   309    627 
CytRx Corp. (I)   2,583    1,520 
Dicerna Pharmaceuticals, Inc. (I)   583    3,428 
Dimension Therapeutics, Inc. (I)   662    5,289 
DNIB Unwind, Inc. (I)   634    139 
Dyax Corp. (I)   3,471    8,504 
Dynavax Technologies Corp. (I)   804    8,434 
Eagle Pharmaceuticals, Inc. (I)   378    26,460 
Edge Therapeutics, Inc. (I)   662    6,891 
Editas Medicine, Inc. (I)   896    12,078 
Eiger BioPharmaceuticals, Inc. (I)   326    4,365 
Emergent BioSolutions, Inc. (I)   908    28,629 
Enanta Pharmaceuticals, Inc. (I)(L)   448    11,921 
Enzon Pharmaceuticals, Inc.   1,758    658 
Epirus Biopharmaceuticals, Inc. (I)   1,141    17 
Epizyme, Inc. (I)   1,122    11,040 
Esperion Therapeutics, Inc. (I)   486    6,731 
Exact Sciences Corp. (I)(L)   2,201    40,873 
Exelixis, Inc. (I)   5,758    73,645 
Fibrocell Science, Inc. (I)   1,483    1,068 
FibroGen, Inc. (I)   1,476    30,553 
Five Prime Therapeutics, Inc. (I)   729    38,265 
Flexion Therapeutics, Inc. (I)   500    9,770 
Fortress Biotech, Inc. (I)   808    2,400 
Foundation Medicine, Inc. (I)   860    20,081 
Galena Biopharma, Inc. (I)   4,519    1,583 
Genocea Biosciences, Inc. (I)   1,282    6,564 
Genomic Health, Inc. (I)   747    21,603 

 

Total Stock Market Index Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Biotechnology (continued)          
Geron Corp. (I)(L)   3,630   $8,204 
Gilead Sciences, Inc.   31,794    2,515,541 
Global Blood Therapeutics, Inc. (I)(L)   1,015    23,396 
GTx, Inc. (I)   7,366    5,768 
Halozyme Therapeutics, Inc. (I)(L)   2,949    35,624 
Idera Pharmaceuticals, Inc. (I)   3,698    9,467 
Immune Design Corp. (I)   707    5,359 
ImmunoCellular Therapeutics, Ltd. (I)   2,073    245 
ImmunoGen, Inc. (I)   1,931    5,175 
Immunomedics, Inc. (I)   2,223    7,225 
Incyte Corp. (I)   4,481    422,513 
Infinity Pharmaceuticals, Inc. (I)   1,260    1,966 
Inotek Pharmaceuticals Corp. (I)   727    6,892 
Inovio Pharmaceuticals, Inc. (I)(L)   1,582    14,744 
Insmed, Inc. (I)   1,531    22,230 
Insys Therapeutics, Inc. (I)(L)   1,808    21,316 
Intellia Therapeutics, Inc. (I)   877    14,927 
Intercept Pharmaceuticals, Inc. (I)(L)   590    97,108 
Intrexon Corp. (I)(L)   2,713    76,018 
Invitae Corp. (I)   887    7,770 
Ionis Pharmaceuticals, Inc. (I)   2,873    105,267 
Ironwood Pharmaceuticals, Inc. (I)   3,638    57,771 
Juno Therapeutics, Inc. (I)(L)   2,544    76,345 
Keryx Biopharmaceuticals, Inc. (I)(L)   2,736    14,528 
Kite Pharma, Inc. (I)(L)   1,121    62,619 
Kura Oncology, Inc. (I)   759    4,744 
Lexicon Pharmaceuticals, Inc. (I)(L)   2,546    46,006 
Ligand Pharmaceuticals, Inc. (I)   510    52,051 
Loxo Oncology, Inc. (I)   490    12,828 
MacroGenics, Inc. (I)   912    27,278 
MannKind Corp. (I)(L)   9,636    5,974 
MediciNova, Inc. (I)   860    6,441 
Merrimack Pharmaceuticals, Inc. (I)(L)   3,467    22,015 
MiMedx Group, Inc. (I)(L)   2,892    24,813 
Minerva Neurosciences, Inc. (I)   973    13,734 
Mirna Therapeutics, Inc. (I)   946    1,864 
Momenta Pharmaceuticals, Inc. (I)   1,421    16,611 
Myriad Genetics, Inc. (I)   1,697    34,924 
NantKwest, Inc. (I)   1,904    14,813 
Natera, Inc. (I)   1,204    13,376 
Neuralstem, Inc. (I)   2,608    835 
Neurocrine Biosciences, Inc. (I)   2,121    107,407 
NewLink Genetics Corp. (I)   619    9,297 
Nivalis Therapeutics, Inc. (I)   796    6,471 
Northwest Biotherapeutics, Inc. (I)(L)   2,131    1,162 
Novavax, Inc. (I)(L)   6,532    13,587 
Omthera Pharmaceuticals, Inc. (I)   598    368 
Oncocyte Corp. (I)   886    4,465 
OncoGenex Pharmaceuticals, Inc. (I)   486    246 
OncoMed Pharmaceuticals, Inc. (I)   930    10,630 
Onconova Therapeutics, Inc. (I)   64    170 
Ophthotech Corp. (I)   874    40,318 
OPKO Health, Inc. (I)(L)   12,854    136,124 
Oragenics, Inc. (I)   4,305    1,980 
Osiris Therapeutics, Inc. (I)   877    4,350 
Otonomy, Inc. (I)   782    14,225 
OvaScience, Inc. (I)   722    5,170 
PDL BioPharma, Inc.   3,871    12,968 
Peregrine Pharmaceuticals, Inc. (I)   5,552    2,387 
Pfenex, Inc. (I)   740    6,623 
PharmAthene, Inc. (I)   2,050    5,945 
Pieris Pharmaceuticals, Inc. (I)   2,635    4,822 
Portola Pharmaceuticals, Inc. (I)   1,368    31,067 

 

The accompanying notes are an integral part of the financial statements. 
281

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Biotechnology (continued)          
Progenics Pharmaceuticals, Inc. (I)   2,184   $13,825 
Pronai Therapeutics, Inc. (I)   660    1,201 
Proteon Therapeutics, Inc. (I)   450    4,199 
Proteostasis Therapeutics, Inc. (I)   529    8,247 
PTC Therapeutics, Inc. (I)   811    11,362 
Puma Biotechnology, Inc. (I)   760    50,958 
Raptor Pharmaceutical Corp. (I)   2,154    19,321 
Regeneron Pharmaceuticals, Inc. (I)   2,510    1,009,070 
REGENXBIO, Inc. (I)   608    8,518 
Regulus Therapeutics, Inc. (I)   1,345    4,439 
Repligen Corp. (I)   766    23,126 
Retrophin, Inc. (I)   849    19,001 
Rigel Pharmaceuticals, Inc. (I)   2,154    7,905 
Sage Therapeutics, Inc. (I)   725    33,386 
Sangamo BioSciences, Inc. (I)   1,501    6,950 
Sarepta Therapeutics, Inc. (I)   1,190    73,078 
Savient Pharmaceuticals, Inc. (I)   1,834    0 
Seattle Genetics, Inc. (I)   3,367    181,852 
Seres Therapeutics, Inc. (I)(L)   886    10,889 
SIGA Technologies, Inc. (I)   1,202    3,594 
Spark Therapeutics, Inc. (I)(L)   687    41,261 
Spectrum Pharmaceuticals, Inc. (I)   1,952    9,116 
Strongbridge Biopharma PLC (I)   858    4,496 
Sunesis Pharmaceuticals, Inc. (I)   266    1,162 
Synergy Pharmaceuticals, Inc. (I)   3,789    20,877 
Synthetic Biologics, Inc. (I)   2,609    4,487 
T2 Biosystems, Inc. (I)   536    3,881 
TESARO, Inc. (I)(L)   1,099    110,164 
TetraLogic Pharmaceuticals Corp. (I)   2,672    421 
Tobira Therapeutics, Inc. (I)   609    24,202 
Tonix Pharmaceuticals Holding Corp. (I)   871    608 
Tracon Pharmaceuticals, Inc. (I)   656    4,435 
Trevena, Inc. (I)   1,343    9,065 
Trius Therapeutics, Inc. (I)(L)   1,243    137 
TrovaGene, Inc. (I)   1,127    5,060 
Ultragenyx Pharmaceutical, Inc. (I)   923    65,478 
United Therapeutics Corp. (I)   1,051    124,102 
Vanda Pharmaceuticals, Inc. (I)   921    15,325 
Vericel Corp. (I)   2,304    6,451 
Versartis, Inc. (I)   943    11,552 
Vertex Pharmaceuticals, Inc. (I)   5,911    515,498 
Viking Therapeutics, Inc. (I)   1,807    2,566 
Vitae Pharmaceuticals, Inc. (I)   611    12,782 
Vital Therapies, Inc. (I)   664    4,064 
Voyager Therapeutics, Inc. (I)   580    6,966 
vTv Therapeutics, Inc., Class A (I)   1,149    8,261 
XBiotech, Inc. (I)   884    11,899 
Xencor, Inc. (I)   877    21,478 
XOMA Corp. (I)   4,093    1,879 
Zafgen, Inc. (I)   643    2,128 
ZIOPHARM Oncology, Inc. (I)(L)   3,606    20,302 
         18,636,794 
Health care equipment and supplies - 2.2%          
Abaxis, Inc.   590    30,456 
Abbott Laboratories   35,111    1,484,844 
ABIOMED, Inc. (I)   1,039    133,595 
Accuray, Inc. (I)   1,959    12,479 
Alere, Inc. (I)   2,048    88,556 
Align Technology, Inc. (I)   1,916    179,625 
Allied Healthcare Products, Inc. (I)   1,783    1,529 
Alphatec Holdings, Inc. (I)   560    5,264 
Analogic Corp.   318    28,175 
AngioDynamics, Inc. (I)   1,074    18,838 

 

Total Stock Market Index Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Health care equipment and supplies (continued)          
Anika Therapeutics, Inc. (I)   332   $15,886 
AtriCure, Inc. (I)   914    14,459 
Atrion Corp.   44    18,770 
Avinger, Inc. (I)   287    1,369 
Baxter International, Inc.   13,166    626,702 
Becton, Dickinson and Company   5,059    909,254 
Biolase, Inc. (I)   1,230    2,153 
Boston Scientific Corp. (I)   32,411    771,382 
Bovie Medical Corp. (I)   2,283    11,894 
C.R. Bard, Inc.   1,741    390,471 
Cantel Medical Corp.   1,032    80,475 
Cardiovascular Systems, Inc. (I)   758    17,995 
Cerus Corp. (I)   2,573    15,978 
Cogentix Medical, Inc. (I)   741    1,349 
ConforMIS, Inc. (I)   1,348    13,372 
CONMED Corp.   658    26,359 
CryoLife, Inc.   887    15,585 
Cutera, Inc. (I)   556    6,628 
Cynosure, Inc., Class A (I)   563    28,679 
Danaher Corp.   21,425    1,679,506 
Delcath Systems, Inc. (I)   653    1,613 
DENTSPLY SIRONA, Inc.   5,598    332,689 
DexCom, Inc. (I)   1,998    175,145 
Edwards Lifesciences Corp. (I)   5,054    609,310 
Endologix, Inc. (I)(L)   2,070    26,496 
Entellus Medical, Inc. (I)   617    13,685 
EnteroMedics, Inc. (I)   22,643    3,057 
Exactech, Inc. (I)   465    12,569 
FONAR Corp. (I)   177    3,636 
GenMark Diagnostics, Inc. (I)   1,303    15,375 
Glaukos Corp. (I)   796    30,041 
Globus Medical, Inc., Class A (I)   2,313    52,204 
Haemonetics Corp. (I)   1,210    43,814 
Halyard Health, Inc. (I)   1,088    37,710 
Hill-Rom Holdings, Inc.   1,571    97,371 
Hologic, Inc. (I)   6,703    260,277 
ICU Medical, Inc. (I)   410    51,816 
IDEXX Laboratories, Inc. (I)   2,123    239,326 
Inogen, Inc. (I)   515    30,849 
Insulet Corp. (I)   1,332    54,532 
Integer Holdings Corp. (I)   829    17,981 
Integra LifeSciences Holdings Corp. (I)   890    73,470 
Intuitive Surgical, Inc. (I)   908    658,146 
Invacare Corp.   804    8,981 
iRadimed Corp. (I)   216    3,670 
Iridex Corp. (I)   351    5,086 
K2M Group Holdings, Inc. (I)   1,052    18,705 
Masimo Corp. (I)   1,228    73,054 
Meridian Bioscience, Inc.   1,077    20,775 
Merit Medical Systems, Inc. (I)   1,003    24,363 
Natus Medical, Inc. (I)   845    33,200 
Neogen Corp. (I)   891    49,843 
Nevro Corp. (I)(L)   678    70,776 
Novocure, Ltd. (I)   2,127    18,165 
NuVasive, Inc. (I)   1,152    76,792 
Nuvectra Corp. (I)   215    1,488 
NxStage Medical, Inc. (I)   1,457    36,410 
OraSure Technologies, Inc. (I)   1,641    13,079 
Orthofix International NV (I)   450    19,247 
Penumbra, Inc. (I)   752    57,144 
PhotoMedex, Inc. (I)   115    148 
Quidel Corp. (I)   889    19,638 
ResMed, Inc.   3,370    218,342 

 

The accompanying notes are an integral part of the financial statements. 
282

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Health care equipment and supplies (continued)          
Rockwell Medical, Inc. (I)   1,088   $7,290 
Roka Bioscience, Inc. (I)   746    518 
SeaSpine Holdings Corp. (I)   270    2,730 
Senseonics Holdings, Inc. (I)   2,679    10,448 
St. Jude Medical, Inc.   6,805    542,767 
STAAR Surgical Company (I)   873    8,206 
Strata Skin Sciences, Inc. (I)   8,992    4,586 
Stryker Corp.   8,926    1,039,076 
Surmodics, Inc. (I)   266    8,004 
Synergetics USA, Inc. (I)   781    148 
Tandem Diabetes Care, Inc. (I)   522    3,999 
Teleflex, Inc.   1,033    173,596 
The Cooper Companies, Inc.   1,140    204,356 
The Spectranetics Corp. (I)   1,076    26,997 
Unilife Corp. (I)   476    1,000 
Utah Medical Products, Inc.   126    7,535 
Varian Medical Systems, Inc. (I)   2,276    226,530 
Vascular Solutions, Inc. (I)   399    19,244 
Veracyte, Inc. (I)   846    6,438 
West Pharmaceutical Services, Inc.   1,720    128,140 
Zeltiq Aesthetics, Inc. (I)   935    36,671 
Zimmer Biomet Holdings, Inc.   4,751    617,725 
         13,317,649 
Health care providers and services - 2.4%          
AAC Holdings, Inc. (I)(L)   530    9,217 
Acadia Healthcare Company, Inc. (I)   2,084    103,262 
Accretive Health, Inc. (I)   2,325    5,673 
Aceto Corp.   706    13,407 
Addus HomeCare Corp. (I)   369    9,653 
Adeptus Health, Inc., Class A (I)(L)   517    22,257 
Aetna, Inc.   8,378    967,240 
Air Methods Corp. (I)   930    29,286 
Almost Family, Inc. (I)   242    8,898 
Amedisys, Inc. (I)   850    40,324 
American CareSource Holdings, Inc. (I)   2,009    121 
American Renal Associates Holdings, Inc. (I)   556    10,158 
AmerisourceBergen Corp.   5,146    415,694 
AMN Healthcare Services, Inc. (I)   1,096    34,930 
Amsurg Corp. (I)   1,290    86,495 
Anthem, Inc.   6,258    784,190 
BioScrip, Inc. (I)   3,166    9,150 
BioTelemetry, Inc. (I)   681    12,646 
Brookdale Senior Living, Inc. (I)   4,397    76,728 
Capital Senior Living Corp. (I)   703    11,810 
Cardinal Health, Inc.   7,763    603,185 
Centene Corp. (I)   4,072    272,661 
Chemed Corp.   380    53,607 
Cigna Corp.   6,112    796,516 
Civitas Solutions, Inc. (I)   1,003    18,315 
Community Health Systems, Inc. (I)   2,740    31,620 
CorVel Corp. (I)   482    18,509 
Cross Country Healthcare, Inc. (I)   658    7,751 
DaVita, Inc. (I)   4,914    324,668 
Diplomat Pharmacy, Inc. (I)(L)   1,587    44,452 
Envision Healthcare Holdings, Inc. (I)   4,391    97,788 
Express Scripts Holding Company (I)   15,113    1,065,920 
Genesis Healthcare, Inc. (I)   4,078    10,888 
Hanger, Inc. (I)   841    7,149 
HCA Holdings, Inc. (I)   9,318    704,720 
HealthEquity, Inc. (I)   1,434    54,277 
HealthSouth Corp.   2,138    86,739 
Healthways, Inc. (I)   968    25,613 
Henry Schein, Inc. (I)   1,946    317,159 

 

Total Stock Market Index Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Health care providers and services (continued)          
Hooper Holmes, Inc. (I)   647   $802 
Humana, Inc.   3,541    626,367 
InfuSystems Holdings, Inc. (I)   1,524    4,191 
Interpace Diagnostics Group, Inc. (I)   770    122 
Kindred Healthcare, Inc.   2,078    21,237 
Laboratory Corp. of America Holdings (I)   2,429    333,939 
Landauer, Inc.   249    11,076 
LHC Group, Inc. (I)   506    18,661 
LifePoint Health, Inc. (I)   1,048    62,073 
Magellan Health, Inc. (I)   611    32,829 
McKesson Corp.   5,371    895,614 
Medcath Corp. (I)   613    307 
MEDNAX, Inc. (I)   2,205    146,081 
Molina Healthcare, Inc. (I)   1,354    78,965 
National HealthCare Corp.   369    24,350 
National Research Corp., Class B   660    22,770 
Owens & Minor, Inc.   1,467    50,949 
Patterson Companies, Inc.   2,337    107,362 
PharMerica Corp. (I)   818    22,961 
Premier, Inc., Class A (I)   3,461    111,929 
Psychemedics Corp.   406    8,055 
Quest Diagnostics, Inc.   3,343    282,918 
Quorum Health Corp. (I)   685    4,295 
RadNet, Inc. (I)   1,485    10,989 
Select Medical Holdings Corp. (I)   3,255    43,943 
Surgery Partners, Inc. (I)   1,169    23,661 
Surgical Care Affiliates, Inc. (I)   987    48,126 
Team Health Holdings, Inc. (I)   1,728    56,264 
Teladoc, Inc. (I)   1,010    18,493 
Tenet Healthcare Corp. (I)   2,385    54,044 
The Ensign Group, Inc.   1,085    21,841 
The Providence Service Corp. (I)   384    18,674 
UnitedHealth Group, Inc.   22,717    3,180,380 
Universal American Corp.   1,908    14,596 
Universal Health Services, Inc., Class B   2,297    283,036 
US Physical Therapy, Inc.   288    18,058 
USMD Holdings, Inc. (I)   309    6,996 
VCA, Inc. (I)   1,958    137,021 
WellCare Health Plans, Inc. (I)   1,072    125,520 
         14,122,171 
Health care technology - 0.2%          
Allscripts Healthcare Solutions, Inc. (I)   4,668    61,478 
athenahealth, Inc. (I)   935    117,922 
Castlight Health, Inc., B Shares (I)   2,151    8,948 
Cerner Corp. (I)   8,065    498,014 
Computer Programs & Systems, Inc.   274    7,140 
Cotiviti Holdings, Inc. (I)   2,164    72,559 
Evolent Health, Inc., Class A (I)   1,018    25,063 
HealthStream, Inc. (I)   711    19,624 
HMS Holdings Corp. (I)   2,028    44,961 
HTG Molecular Diagnostics, Inc. (I)   1,424    3,304 
IMS Health Holdings, Inc. (I)   7,825    245,236 
Inovalon Holdings, Inc., Class A (I)   3,532    51,956 
Medidata Solutions, Inc. (I)   1,429    79,681 
Omnicell, Inc. (I)   940    36,002 
Press Ganey Holdings, Inc. (I)   1,270    51,308 
Quality Systems, Inc.   1,382    15,644 
Simulations Plus, Inc.   521    4,595 
Veeva Systems, Inc., Class A (I)   3,179    131,229 
Vocera Communications, Inc. (I)   762    12,878 
         1,487,542 

 

The accompanying notes are an integral part of the financial statements. 
283

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Life sciences tools and services - 0.7%          
Accelerate Diagnostics, Inc. (I)(L)   1,262   $34,402 
Agilent Technologies, Inc.   7,781    366,407 
Albany Molecular Research, Inc. (I)(L)   803    13,258 
BG Medicine, Inc. (I)   390    59 
Bio-Rad Laboratories, Inc., Class A (I)   706    115,650 
Bio-Techne Corp.   866    94,827 
Bruker Corp.   3,989    90,351 
Cambrex Corp. (I)   809    35,968 
Charles River
Laboratories International, Inc. (I)		   1,150    95,841 
Enzo Biochem, Inc. (I)   1,287    6,551 
Fluidigm Corp. (I)   639    5,118 
Harvard Bioscience, Inc. (I)   1,760    4,787 
Illumina, Inc. (I)   3,524    640,170 
INC Research Holdings, Inc., Class A (I)   1,294    57,687 
Luminex Corp. (I)   1,023    23,243 
Mettler-Toledo International, Inc. (I)   641    269,111 
NanoString Technologies, Inc. (I)   442    8,831 
NeoGenomics, Inc. (I)   2,193    18,026 
Pacific Biosciences of California, Inc. (I)   1,903    17,051 
PAREXEL International Corp. (I)   1,232    85,562 
PerkinElmer, Inc.   2,555    143,361 
PRA Health Sciences, Inc. (I)   1,478    83,522 
Quintiles Transnational Holdings, Inc. (I)   2,837    229,967 
Thermo Fisher Scientific, Inc.   9,400    1,495,164 
VWR Corp. (I)   3,079    87,320 
Waters Corp. (I)   1,916    303,667 
         4,325,901 
Pharmaceuticals - 4.2%          
AcelRx Pharmaceuticals, Inc. (I)   1,558    6,061 
Aclaris Therapeutics, Inc. (I)   421    10,782 
Acura Pharmaceuticals, Inc. (I)   276    442 
Adamis Pharmaceuticals Corp. (I)(L)   1,099    3,770 
Aerie Pharmaceuticals, Inc. (I)   661    24,946 
Agile Therapeutics, Inc. (I)   721    5,033 
Akorn, Inc. (I)   2,858    77,909 
Alexza Pharmaceuticals, Inc. (I)   2,067    72 
Alimera Sciences, Inc. (I)   2,170    3,233 
Allergan PLC (I)   9,445    2,175,278 
Amphastar Pharmaceuticals, Inc. (I)   1,165    22,100 
Ampio Pharmaceuticals, Inc. (I)   1,904    1,409 
ANI Pharmaceuticals, Inc. (I)   250    16,588 
Apricus Biosciences, Inc. (I)(L)   3,553    1,202 
Aratana Therapeutics, Inc. (I)   1,008    9,435 
Axsome Therapeutics, Inc. (I)   447    3,522 
Aytu BioScience, Inc. (I)   31    101 
BioDelivery Sciences International, Inc. (I)   1,190    3,213 
Bristol-Myers Squibb Company   39,851    2,148,766 
Carbylan Therapeutics, Inc. (I)   961    442 
Catalent, Inc. (I)   2,996    77,417 
Cempra, Inc. (I)(L)   1,116    27,007 
Chelsea Therapeutics International, Ltd. (I)   1,686    135 
Collegium Pharmaceutical, Inc. (I)   398    7,665 
ContraVir Pharmaceuticals, Inc. (I)   246    263 
Corcept Therapeutics, Inc. (I)   2,803    18,220 
Corium International, Inc. (I)   766    4,305 
Cumberland Pharmaceuticals, Inc. (I)   672    3,367 
Depomed, Inc. (I)(L)   1,587    39,627 
Dermira, Inc. (I)   893    30,201 
Durect Corp. (I)   3,310    4,601 
Egalet Corp. (I)   722    5,494 
Eli Lilly & Company   26,345    2,114,450 
Endo International PLC (I)   5,354    107,883 

 

Total Stock Market Index Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Pharmaceuticals (continued)          
Endocyte, Inc. (I)   899   $2,778 
Flex Pharma, Inc. (I)   620    7,304 
Horizon Pharma PLC (I)   3,777    68,477 
Impax Laboratories, Inc. (I)   1,854    43,940 
Innoviva, Inc. (I)(L)   2,971    32,651 
Intersect ENT, Inc. (I)   636    10,074 
Johnson & Johnson   65,686    7,759,487 
Juniper Pharmaceuticals, Inc. (I)   351    1,948 
KemPharm, Inc. (I)   384    1,724 
Lannett Company, Inc. (I)(L)   902    23,966 
Merck & Company, Inc.   66,083    4,124,240 
MyoKardia, Inc. (I)   577    9,428 
Nektar Therapeutics (I)   3,401    58,429 
Neos Therapeutics, Inc. (I)   440    2,895 
Ocera Therapeutics, Inc. (I)   1,520    4,028 
Ocular Therapeutix, Inc. (I)   655    4,500 
Omeros Corp. (I)   833    9,296 
Orexigen Therapeutics, Inc. (I)   335    1,112 
Pacira Pharmaceuticals, Inc. (I)   894    30,593 
Paratek Pharmaceuticals, Inc. (I)   515    6,700 
Pernix Therapeutics Holdings, Inc. (I)   778    484 
Pfizer, Inc.   144,797    4,904,274 
Phibro Animal Health Corp., Class A   1,003    27,262 
Prestige Brands Holdings, Inc. (I)   1,278    61,689 
Reata Pharmaceuticals, Inc., Class A (I)   549    14,472 
Repros Therapeutics, Inc. (I)   1,191    2,489 
Revance Therapeutics, Inc. (I)   719    11,655 
SciClone Pharmaceuticals, Inc. (I)   986    10,107 
Sucampo Pharmaceuticals, Inc., Class A (I)   1,136    13,984 
Supernus Pharmaceuticals, Inc. (I)   1,181    29,206 
Teligent, Inc. (I)   1,342    10,199 
Tetraphase Pharmaceuticals, Inc. (I)   851    3,259 
The Medicines Company (I)   1,709    64,498 
TherapeuticsMD, Inc. (I)(L)   4,961    33,784 
VIVUS, Inc. (I)   2,325    2,651 
Zoetis, Inc.   11,826    615,070 
Zogenix, Inc. (I)   445    5,086 
         24,968,678 
         76,858,735 
Industrials - 9.7%          
Aerospace and defense - 1.9%          
AAR Corp.   757    23,709 
Aerojet Rocketdyne Holdings, Inc. (I)   1,536    27,003 
Aerovironment, Inc. (I)   570    13,914 
Astronics Corp. (I)   519    23,381 
Astronics Corp., Class B (I)   77    3,480 
B/E Aerospace, Inc.   2,419    124,966 
BWX Technologies, Inc.   2,438    93,546 
CPI Aerostructures, Inc. (I)   277    1,900 
Cubic Corp.   656    30,707 
Curtiss-Wright Corp.   1,069    97,397 
DigitalGlobe, Inc. (I)   1,518    41,745 
Engility Holdings, Inc. (I)   963    30,335 
Esterline Technologies Corp. (I)   729    55,433 
General Dynamics Corp.   7,307    1,133,754 
HEICO Corp., Class A   1,598    96,695 
Hexcel Corp.   2,183    96,707 
Huntington Ingalls Industries, Inc.   1,118    171,524 
KLX, Inc. (I)   1,217    42,838 
L-3 Communications Holdings, Inc.   1,837    276,891 
Lockheed Martin Corp.   7,260    1,740,367 
Mercury Systems, Inc. (I)   970    23,833 

 

The accompanying notes are an integral part of the financial statements. 
284

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Aerospace and defense (continued)          
Moog, Inc., Class A (I)   882   $52,514 
National Presto Industries, Inc.   180    15,802 
Northrop Grumman Corp.   4,303    920,627 
Orbital ATK, Inc.   1,419    108,170 
Raytheon Company   7,082    964,073 
Rockwell Collins, Inc.   3,117    262,888 
Spirit AeroSystems Holdings, Inc., Class A (I)   3,183    141,771 
TASER International, Inc. (I)   1,282    36,678 
Teledyne Technologies, Inc. (I)   849    91,633 
Textron, Inc.   6,464    256,944 
The Boeing Company   15,224    2,005,610 
The KEYW Holding Corp. (I)   1,079    11,912 
TransDigm Group, Inc. (I)   1,262    364,869 
Triumph Group, Inc.   1,147    31,978 
United Technologies Corp.   20,010    2,033,016 
Vectrus, Inc. (I)   257    3,914 
Wesco Aircraft Holdings, Inc. (I)   2,341    31,440 
         11,483,964 
Air freight and logistics - 0.7%          
Air Transport Services Group, Inc. (I)   1,747    25,069 
Atlas Air Worldwide Holdings, Inc. (I)   547    23,423 
C.H. Robinson Worldwide, Inc.   3,402    239,705 
Echo Global Logistics, Inc. (I)   676    15,589 
Expeditors International of Washington, Inc.   4,334    223,288 
FedEx Corp.   6,409    1,119,524 
Forward Air Corp.   714    30,888 
Hub Group, Inc., Class A (I)   882    35,950 
Park-Ohio Holdings Corp.   343    12,502 
United Parcel Service, Inc., Class B   21,060    2,303,122 
XPO Logistics, Inc. (I)(L)   2,663    97,652 
         4,126,712 
Airlines - 0.5%          
Alaska Air Group, Inc.   2,943    193,826 
Allegiant Travel Company   387    51,111 
American Airlines Group, Inc.   13,827    506,206 
Delta Air Lines, Inc.   18,423    725,129 
Hawaiian Holdings, Inc. (I)   1,302    63,277 
JetBlue Airways Corp. (I)   7,723    133,145 
Republic Airways Holdings, Inc. (I)   1,664    1,514 
SkyWest, Inc.   1,248    32,960 
Southwest Airlines Company   15,259    593,423 
Spirit Airlines, Inc. (I)   1,723    73,279 
United Continental Holdings, Inc. (I)   8,033    421,492 
Virgin America, Inc. (I)(L)   1,089    58,272 
         2,853,634 
Building products - 0.3%          
AAON, Inc.   1,241    35,766 
Advanced Drainage Systems, Inc.   1,269    30,532 
American Woodmark Corp. (I)   392    31,583 
AO Smith Corp.   2,089    206,372 
Apogee Enterprises, Inc.   713    31,864 
Armstrong Flooring, Inc. (I)   630    11,894 
Armstrong World Industries, Inc. (I)   1,261    52,105 
Builders FirstSource, Inc. (I)   2,443    28,119 
Continental Building Products, Inc. (I)   963    20,213 
CSW Industrials, Inc. (I)   416    13,474 
Fortune Brands Home & Security, Inc.   3,609    209,683 
Gibraltar Industries, Inc. (I)   771    28,643 
Griffon Corp.   1,156    19,664 
Insteel Industries, Inc.   563    20,403 
Lennox International, Inc.   1,047    164,410 

 

Total Stock Market Index Trust (continued)

 

     Shares or     
     Principal     
     Amount   Value 
COMMON STOCKS (continued)          
Building products (continued)          
Masco Corp.   7,942   $272,490 
NCI Building Systems, Inc. (I)   1,785    26,043 
Owens Corning   2,715    144,954 
Patrick Industries, Inc. (I)   351    21,734 
PGT, Inc. (I)   1,305    13,924 
Ply Gem Holdings, Inc. (I)   1,531    20,454 
Quanex Building Products Corp.   980    16,915 
Simpson Manufacturing Company, Inc.   1,152    50,630 
Trex Company, Inc. (I)   719    42,220 
Universal Forest Products, Inc.   486    47,866 
USG Corp. (I)   3,452    89,234 
         1,651,189 
Commercial services and supplies - 0.5%          
ABM Industries, Inc.   1,288    51,134 
ACCO Brands Corp. (I)   2,455    23,666 
ARC Document Solutions, Inc. (I)   1,558    5,827 
Brady Corp., Class A   1,191    41,221 
Casella Waste Systems, Inc., Class A (I)   1,457    15,007 
CECO Environmental Corp.   951    10,727 
Cintas Corp.   2,556    287,806 
Civeo Corp. (I)   2,666    3,039 
Clean Harbors, Inc. (I)   1,368    65,637 
Copart, Inc. (I)   2,583    138,345 
Covanta Holding Corp.   3,046    46,878 
Deluxe Corp.   1,123    75,039 
Ennis, Inc.   718    12,098 
Essendant, Inc.   868    17,811 
Fuel Tech, Inc. (I)   793    1,110 
G&K Services, Inc., Class A   454    43,352 
Healthcare Services Group, Inc.   1,683    66,613 
Herman Miller, Inc.   1,366    39,068 
HNI Corp.   1,138    45,292 
Hudson Technologies, Inc. (I)   1,078    7,169 
InnerWorkings, Inc. (I)   1,276    12,020 
Interface, Inc.   1,612    26,904 
Intersections, Inc. (I)   680    1,231 
KAR Auction Services, Inc.   3,271    141,176 
Kimball International, Inc., Class B   1,061    13,729 
Knoll, Inc.   1,200    27,420 
Matthews International Corp., Class A   747    45,388 
McGrath RentCorp   612    19,407 
Mobile Mini, Inc.   1,002    30,260 
MSA Safety, Inc.   925    53,687 
Multi-Color Corp.   421    27,786 
NL Industries, Inc. (I)   1,224    4,810 
Odyssey Marine Exploration, Inc. (I)   217    757 
Performant Financial Corp. (I)   960    2,832 
Pitney Bowes, Inc.   4,514    81,974 
Quad/Graphics, Inc.   1,184    31,636 
R.R. Donnelley & Sons Company   5,037    79,182 
Republic Services, Inc.   8,173    412,328 
Rollins, Inc.   5,152    150,851 
SP Plus Corp. (I)   487    12,453 
Steelcase, Inc., Class A   2,790    38,753 
Stericycle, Inc. (I)   2,034    163,005 
Swisher Hygiene, Inc. (I)   450    441 
Team, Inc. (I)   615    20,117 
Tetra Tech, Inc.   1,359    48,204 
The Brink’s Company   1,281    47,499 
UniFirst Corp.   475    62,634 
US Ecology, Inc.   556    24,931 
Versar, Inc. (I)   1,039    1,621 
Viad Corp.   494    18,214 

 

The accompanying notes are an integral part of the financial statements. 
285

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Commercial services and supplies (continued)          
VSE Corp.   334   $11,353 
Waste Management, Inc.   10,582    674,708 
West Corp.   1,935    42,725 
         3,326,875 
Construction and engineering - 0.2%          
AECOM (I)   3,571    106,166 
Aegion Corp. (I)   1,004    19,146 
Ameresco, Inc., Class A (I)   1,114    5,860 
Argan, Inc.   389    23,025 
Comfort Systems USA, Inc.   940    27,551 
Dycom Industries, Inc. (I)   745    60,926 
EMCOR Group, Inc.   1,430    85,257 
Fluor Corp.   3,360    172,435 
Granite Construction, Inc.   951    47,303 
Great Lakes Dredge & Dock Corp. (I)   2,049    7,172 
HC2 Holdings, Inc. (I)   745    4,060 
IES Holdings, Inc. (I)   475    8,450 
Jacobs Engineering Group, Inc. (I)   2,924    151,229 
KBR, Inc.   3,643    55,119 
Layne Christensen Company (I)   532    4,527 
MasTec, Inc. (I)   2,008    59,718 
MYR Group, Inc. (I)   561    16,886 
Primoris Services Corp.   1,267    26,100 
Quanta Services, Inc. (I)   3,669    102,695 
Tutor Perini Corp. (I)   1,191    25,571 
Valmont Industries, Inc.   544    73,206 
         1,082,402 
Electrical equipment - 0.5%          
Active Power, Inc. (I)   864    239 
Acuity Brands, Inc.   1,041    275,449 
Allied Motion Technologies, Inc.   298    5,635 
American Electric Technologies, Inc. (I)   709    1,609 
American Superconductor Corp. (I)   124    869 
AMETEK, Inc.   5,575    266,374 
AZZ, Inc.   669    43,666 
Babcock & Wilcox Enterprises, Inc. (I)   1,219    20,114 
Broadwind Energy, Inc. (I)   481    2,116 
Eaton Corp. PLC   10,961    720,247 
Emerson Electric Company   15,396    839,236 
Encore Wire Corp.   509    18,716 
Energous Corp. (I)   436    8,550 
EnerSys   1,078    74,587 
Enphase Energy, Inc. (I)   1,270    1,499 
Espey Manufacturing & Electronics Corp.   162    4,155 
FuelCell Energy, Inc. (I)   960    5,203 
General Cable Corp.   1,116    16,718 
Global Power Equipment Group, Inc. (I)   1,617    6,727 
Hubbell, Inc.   1,316    141,786 
Lighting Science Group Corp. (I)   3,647    255 
Lime Energy Company (I)   158    329 
LSI Industries, Inc.   908    10,197 
Plug Power, Inc. (I)(L)   4,666    7,979 
Powell Industries, Inc.   356    14,258 
Power Solutions International, Inc. (I)   259    2,655 
Regal Beloit Corp.   1,083    64,428 
Revolution Lighting Technologies, Inc. (I)   665    4,196 
Rockwell Automation, Inc.   3,118    381,456 
SolarCity Corp. (I)(L)   2,330    45,575 
Sunrun, Inc. (I)   3,014    18,988 
Thermon Group Holdings, Inc. (I)   875    17,281 
Ultralife Corp. (I)   1,160    4,756 

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Electrical equipment (continued)          
Vicor Corp. (I)   1,178   $13,665 
         3,039,513 
Industrial conglomerates - 2.0%          
3M Company   14,484    2,552,515 
Carlisle Companies, Inc.   1,533    157,240 
General Electric Company   219,602    6,504,611 
Honeywell International, Inc.   18,208    2,122,871 
Icahn Enterprises LP   3,236    163,580 
Raven Industries, Inc.   906    20,865 
Roper Technologies, Inc.   2,418    441,212 
         11,962,894 
Machinery - 1.7%          
Actuant Corp., Class A   1,342    31,188 
AGCO Corp.   1,923    94,842 
Alamo Group, Inc.   281    18,515 
Albany International Corp., Class A   756    32,039 
Allison Transmission Holdings, Inc.   4,032    115,638 
Altra Industrial Motion Corp.   547    15,847 
American Railcar Industries, Inc.   519    21,523 
Art’s-Way Manufacturing Company, Inc. (I)   912    2,608 
Astec Industries, Inc.   567    33,946 
Barnes Group, Inc.   1,329    53,891 
Briggs & Stratton Corp.   1,078    20,105 
Caterpillar, Inc.   13,950    1,238,342 
Chart Industries, Inc. (I)   708    23,244 
CIRCOR International, Inc.   397    23,645 
CLARCOR, Inc.   1,194    77,610 
Colfax Corp. (I)   2,908    91,398 
Columbus McKinnon Corp.   651    11,614 
Crane Company   1,353    85,253 
Cummins, Inc.   4,077    522,468 
Deere & Company   7,493    639,528 
Donaldson Company, Inc.   3,121    116,507 
Douglas Dynamics, Inc.   619    19,771 
Dover Corp.   3,715    273,573 
Energy Recovery, Inc. (I)(L)   1,363    21,781 
EnPro Industries, Inc.   478    27,160 
ESCO Technologies, Inc.   685    31,798 
Federal Signal Corp.   1,496    19,837 
Flowserve Corp.   3,046    146,939 
Fortive Corp.   8,381    426,593 
Franklin Electric Company, Inc.   1,168    47,549 
FreightCar America, Inc.   399    5,738 
Gencor Industries, Inc. (I)   555    6,649 
Global Brass & Copper Holdings, Inc.   506    14,618 
Graco, Inc.   1,325    98,050 
Harsco Corp.   2,023    20,088 
Hillenbrand, Inc.   1,580    49,991 
Hurco Companies, Inc.   143    4,014 
Hyster-Yale Materials Handling, Inc.   284    17,077 
IDEX Corp.   1,776    166,180 
Illinois Tool Works, Inc.   8,588    1,029,186 
ITT, Inc.   2,155    77,235 
John Bean Technologies Corp.   744    52,489 
Joy Global, Inc.   2,321    64,385 
Kadant, Inc.   248    12,923 
Kennametal, Inc.   1,834    53,223 
LB Foster Company, Class A   274    3,291 
Lincoln Electric Holdings, Inc.   1,645    103,010 
Lindsay Corp.   233    17,237 
Lydall, Inc. (I)   411    21,014 
Manitex International, Inc. (I)   420    2,314 

 

The accompanying notes are an integral part of the financial statements.  
286

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Machinery (continued)          
Manitowoc Foodservice, Inc. (I)   3,212   $52,099 
Meritor, Inc. (I)   2,393    26,634 
MFRI, Inc. (I)   583    4,442 
Milacron Holdings Corp. (I)   1,688    26,940 
Mueller Industries, Inc.   1,282    41,562 
Mueller Water Products, Inc., Class A   4,056    50,903 
Navistar International Corp. (I)(L)   1,939    44,384 
NN, Inc.   585    10,676 
Nordson Corp.   1,375    136,991 
Omega Flex, Inc.   294    11,337 
Oshkosh Corp.   1,712    95,872 
PACCAR, Inc.   8,356    491,166 
Parker-Hannifin Corp.   3,231    405,587 
Pentair PLC   4,282    275,076 
Proto Labs, Inc. (I)(L)   634    37,983 
RBC Bearings, Inc. (I)   550    42,064 
Rexnord Corp. (I)   2,474    52,968 
Snap-on, Inc.   1,364    207,273 
SPX Corp. (I)   983    19,798 
SPX FLOW, Inc. (I)   983    30,394 
Standex International Corp.   291    27,025 
Stanley Black & Decker, Inc.   3,594    441,990 
Sun Hydraulics Corp.   689    22,234 
Tennant Company   397    25,726 
Terex Corp.   2,510    63,779 
The ExOne Company (I)   298    4,536 
The Gorman-Rupp Company   672    17,210 
The Greenbrier Companies, Inc.   617    21,780 
The LS Starrett Company, Class A   453    4,448 
The Manitowoc Company, Inc.   3,212    15,385 
The Middleby Corp. (I)   1,377    170,225 
The Timken Company   1,924    67,609 
The Toro Company   2,576    120,660 
Titan International, Inc.   1,005    10,171 
TriMas Corp. (I)   1,133    21,085 
Trinity Industries, Inc.   3,501    84,654 
Wabash National Corp. (I)   1,506    21,445 
WABCO Holdings, Inc. (I)   1,374    155,990 
Wabtec Corp.   2,151    175,629 
Watts Water Technologies, Inc., Class A   857    55,568 
Westport Fuel Systems, Inc. (I)   3,822    6,153 
Woodward, Inc.   1,447    90,409 
Xylem, Inc.   4,271    224,014 
         10,015,338 
Marine - 0.0%          
Eagle Bulk Shipping, Inc. (I)   63    447 
International Shipholding Corp. (I)   390    27 
Kirby Corp. (I)   1,313    81,616 
Matson, Inc.   1,025    40,877 
Rand Logistics, Inc. (I)   1,550    1,163 
         124,130 
Professional services - 0.3%          
Acacia Research Corp.   1,195    7,791 
Barrett Business Services, Inc.   197    9,773 
CBIZ, Inc. (I)   1,604    17,949 
CEB, Inc.   743    40,471 
CRA International, Inc. (I)   276    7,339 
Equifax, Inc.   2,853    383,957 
Exponent, Inc.   675    34,466 
FTI Consulting, Inc. (I)   934    41,619 
Heidrick & Struggles International, Inc.   363    6,734 
Huron Consulting Group, Inc. (I)   572    34,183 

 

Total Stock Market Index Trust (continued)  

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Professional services (continued)          
ICF International, Inc. (I)   433  $19,191 
IHS Markit, Ltd. (I)   5,683    213,397 
Insperity, Inc.   516    37,482 
Kelly Services, Inc., Class A   880    16,914 
Kforce, Inc.   800    16,392 
Korn/Ferry International   1,440    30,240 
ManpowerGroup, Inc.   1,729    124,938 
Mastech Holdings, Inc. (I)   296    2,398 
Mistras Group, Inc. (I)   687    16,124 
Navigant Consulting, Inc. (I)   1,124    22,727 
On Assignment, Inc. (I)   1,216    44,129 
Resources Connection, Inc.   976    14,581 
Robert Half International, Inc.   3,205    121,341 
RPX Corp. (I)   1,202    12,849 
The Advisory Board Company (I)   1,035    46,306 
The Dun & Bradstreet Corp.   886    121,045 
TransUnion (I)   4,334    149,523 
TriNet Group, Inc. (I)   1,720    37,204 
TrueBlue, Inc. (I)   909    20,598 
Verisk Analytics, Inc. (I)   3,987    324,063 
WageWorks, Inc. (I)   826    50,312 
Willdan Group, Inc. (I)   422    7,406 
         2,033,442 
Road and rail - 0.8%          
AMERCO   475    154,009 
ArcBest Corp.   705    13,409 
Avis Budget Group, Inc. (I)   2,277    77,896 
Celadon Group, Inc.   717    6,267 
Covenant Transportation          
Group, Inc., Class A (I)   466    9,008 
CSX Corp.   22,821    696,041 
Genesee & Wyoming, Inc., Class A (I)   1,416    97,633 
Heartland Express, Inc.   2,013    38,005 
J.B. Hunt Transport Services, Inc.   2,675    217,050 
Kansas City Southern   2,569    239,739 
Knight Transportation, Inc.   1,874    53,765 
Landstar System, Inc.   977    66,514 
Marten Transport, Ltd.   864    18,144 
Norfolk Southern Corp.   7,052    684,467 
Old Dominion Freight Line, Inc. (I)   1,946    133,515 
P.A.M. Transportation Services, Inc. (I)   203    4,064 
Patriot Transportation Holding, Inc. (I)   144    3,060 
Roadrunner Transportation Systems, Inc. (I)   1,015    8,100 
Ryder System, Inc.   1,258    82,965 
Saia, Inc. (I)   643    19,264 
Swift Transportation Company (I)(L)   3,346    71,839 
Union Pacific Corp.   20,073    1,957,720 
Universal Logistics Holdings, Inc.   735    9,864 
USA Truck, Inc. (I)   323    3,308 
Werner Enterprises, Inc.   1,617    37,628 
YRC Worldwide, Inc. (I)   748    9,215 
         4,712,489 
Trading companies and distributors - 0.3%          
Air Lease Corp.   2,442    69,792 
Aircastle, Ltd.   1,918    38,091 
Applied Industrial Technologies, Inc.   905    42,300 
Beacon Roofing Supply, Inc. (I)   1,444    60,749 
BMC Stock Holdings, Inc. (I)   1,608    28,510 
CAI International, Inc. (I)   572    4,730 
DXP Enterprises, Inc. (I)   367    10,346 
Fastenal Company   6,918    289,034 
GATX Corp. (L)   1,014    45,174 

 

The accompanying notes are an integral part of the financial statements.  
287

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Trading companies and distributors (continued)          
GMS, Inc. (I)   986   $21,919 
H&E Equipment Services, Inc.   759    12,721 
HD Supply Holdings, Inc. (I)   4,852    155,167 
Kaman Corp.   670    29,426 
MRC Global, Inc. (I)   2,326    38,216 
MSC Industrial Direct Company, Inc., Class A   1,445    106,077 
NOW, Inc. (I)   2,550    54,647 
Rush Enterprises, Inc., Class A (I)   968    23,697 
SiteOne Landscape Supply, Inc. (I)   955    34,313 
Textainer Group Holdings, Ltd.   1,298    9,722 
Titan Machinery, Inc. (I)   515    5,356 
Triton International, Ltd.   812    10,710 
United Rentals, Inc. (I)   2,123    166,634 
Univar, Inc. (I)   3,364    73,503 
Veritiv Corp. (I)   392    19,667 
W.W. Grainger, Inc.   1,466    329,615 
Watsco, Inc.   857    120,751 
WESCO International, Inc. (I)   1,020    62,720 
Willis Lease Finance Corp. (I)   244    5,800 
         1,869,387 
         58,281,969 
Information technology - 19.7%          
Communications equipment - 1.1%          
ADTRAN, Inc.   1,134    21,705 
Aerohive Networks, Inc. (I)   1,539    9,373 
Arista Networks, Inc. (I)   1,651    140,467 
ARRIS International PLC (I)   4,514    127,882 
Aviat Networks, Inc. (I)   164    1,510 
Bel Fuse, Inc., Class B   373    9,004 
Brocade Communications Systems, Inc.   11,243    103,773 
CalAmp Corp. (I)   938    13,085 
Calix, Inc. (I)   1,421    10,444 
Ciena Corp. (I)   3,414    74,425 
Cisco Systems, Inc.   120,160    3,811,475 
Clearfield, Inc. (I)   286    5,377 
ClearOne, Inc.   466    5,215 
CommScope Holding Company, Inc. (I)   4,526    136,278 
Communications Systems, Inc.   780    3,713 
Comtech Telecommunications Corp.   434    5,560 
Digi International, Inc. (I)   532    6,065 
EchoStar Corp., Class A (I)   2,316    101,510 
Extreme Networks, Inc. (I)   2,672    11,997 
F5 Networks, Inc. (I)   1,602    199,673 
Finisar Corp. (I)   2,580    76,884 
Harris Corp.   2,975    272,540 
Infinera Corp. (I)   3,206    28,950 
InterDigital, Inc.   843    66,766 
Ixia (I)   1,783    22,288 
Juniper Networks, Inc.   9,231    222,098 
Lantronix, Inc. (I)   2,979    4,171 
Lumentum Holdings, Inc. (I)   1,479    61,778 
Motorola Solutions, Inc.   4,150    316,562 
NETGEAR, Inc. (I)   770    46,577 
NetScout Systems, Inc. (I)   2,284    66,807 
Novatel Wireless, Inc. (I)   1,074    3,362 
Oclaro, Inc. (I)   2,847    24,342 
Optical Cable Corp.   1,147    2,913 
Palo Alto Networks, Inc. (I)   2,147    342,082 
ParkerVision, Inc. (I)   223    950 
Plantronics, Inc.   833    43,283 
Powerwave Technologies, Inc. (I)   912    0 
ShoreTel, Inc. (I)   1,336    10,688 

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Communications equipment (continued)          
Sonus Networks, Inc. (I)   1,059   $8,239 
Sycamore Networks, Inc.   15,711    2,437 
Ubiquiti Networks, Inc. (I)(L)   1,993    106,626 
ViaSat, Inc. (I)   1,181    88,162 
Viavi Solutions, Inc. (I)   5,415    40,017 
         6,657,053 
Electronic equipment, instruments and components - 0.7%          
ADDvantage Technologies Group, Inc. (I)   2,280    3,990 
Amphenol Corp., Class A   7,342    476,643 
Anixter International, Inc. (I)   773    49,859 
Arrow Electronics, Inc. (I)   2,151    137,599 
Avnet, Inc.   3,067    125,931 
AVX Corp.   4,025    55,505 
Badger Meter, Inc.   702    23,524 
Belden, Inc.   982    67,748 
Benchmark Electronics, Inc. (I)   1,151    28,717 
CDW Corp.   3,919    179,216 
Cognex Corp.   2,013    106,407 
Coherent, Inc. (I)   560    61,902 
Corning, Inc.   25,715    608,160 
CTS Corp.   903    16,796 
Daktronics, Inc.   1,118    10,666 
Dolby Laboratories, Inc., Class A   2,381    129,264 
DTS, Inc.   507    21,568 
Echelon Corp. (I)   121    647 
eMagin Corp. (I)   820    2,124 
ePlus, Inc. (I)   176    16,616 
FARO Technologies, Inc. (I)   470    16,897 
Fitbit, Inc., Class A (I)(L)   5,298    78,622 
FLIR Systems, Inc.   3,254    102,241 
ID Systems, Inc. (I)   1,141    5,591 
Identive Group, Inc. (I)   182    397 
II-VI, Inc. (I)   1,532    37,274 
Ingram Micro, Inc., Class A   3,568    127,235 
Insight Enterprises, Inc. (I)   950    30,923 
InvenSense, Inc. (I)   2,397    17,786 
IPG Photonics Corp. (I)   1,272    104,749 
Itron, Inc. (I)   903    50,351 
Jabil Circuit, Inc.   4,399    95,986 
Keysight Technologies, Inc. (I)   4,059    128,630 
Kimball Electronics, Inc. (I)   795    11,019 
Knowles Corp. (I)   2,195    30,840 
Littelfuse, Inc.   562    72,391 
LRAD Corp.   2,439    4,561 
Maxwell Technologies, Inc. (I)   1,149    5,929 
Mesa Laboratories, Inc.   93    10,635 
Methode Electronics, Inc.   886    30,983 
MOCON, Inc.   396    6,217 
MTS Systems Corp.   336    15,466 
National Instruments Corp.   3,022    85,825 
Novanta, Inc. (I)   766    13,290 
OSI Systems, Inc. (I)   477    31,186 
Park Electrochemical Corp.   597    10,370 
PC Connection, Inc.   675    17,834 
Perceptron, Inc. (I)   534    3,588 
Plexus Corp. (I)   830    38,827 
Richardson Electronics, Ltd.   1,346    9,126 
Rofin-Sinar Technologies, Inc. (I)   720    23,170 
Rogers Corp. (I)   387    23,638 
Sanmina Corp. (I)   1,768    50,335 
ScanSource, Inc. (I)   664    24,236 
SYNNEX Corp.   958    109,317 
Systemax, Inc.   894    7,080 

 

The accompanying notes are an integral part of the financial statements.  
288

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Electronic equipment, instruments and          
components (continued)          
Tech Data Corp. (I)   815   $69,039 
Trimble Navigation, Ltd. (I)   6,065    173,216 
TTM Technologies, Inc. (I)   2,628    30,091 
Universal Display Corp. (I)   1,115    61,894 
VeriFone Systems, Inc. (I)   2,675    42,105 
Vishay Intertechnology, Inc.   3,586    50,527 
Vishay Precision Group, Inc. (I)   493    7,903 
Wayside Technology Group, Inc.   307    5,443 
Zebra Technologies Corp., Class A (I)   1,242    86,456 
         4,082,101 
Internet software and services - 4.5%          
2U, Inc. (I)   1,200    45,948 
Actua Corp. (I)   972    12,587 
Akamai Technologies, Inc. (I)   4,156    220,226 
Alarm.com Holdings, Inc. (I)   1,091    31,486 
Alphabet, Inc., Class C (I)   16,434    12,773,984 
Amber Road, Inc. (I)   734    7,083 
Angie’s List, Inc. (I)   1,342    13,299 
Appfolio, Inc., Class A (I)   925    17,982 
Autobytel, Inc. (I)   283    5,037 
Bankrate, Inc. (I)   2,362    20,030 
Bazaarvoice, Inc. (I)   1,789    10,573 
Benefitfocus, Inc. (I)   751    29,980 
Blucora, Inc. (I)   902    10,102 
Box, Inc., Class A (I)(L)   2,983    47,012 
Brightcove, Inc. (I)   656    8,561 
BroadVision, Inc. (I)   124    635 
Carbonite, Inc. (I)   665    10,214 
Care.com, Inc. (I)   790    7,868 
ChannelAdvisor Corp. (I)   485    6,271 
CommerceHub, Inc., Series A (I)   327    5,167 
CommerceHub, Inc., Series C (I)   655    10,421 
comScore, Inc. (I)   1,456    44,641 
Cornerstone OnDemand, Inc. (I)   1,341    61,619 
CoStar Group, Inc. (I)   789    170,842 
Cvent, Inc. (I)   1,002    31,773 
Demand Media, Inc. (I)   359    2,043 
DHI Group, Inc. (I)   1,548    12,214 
EarthLink Holdings Corp.   2,334    14,471 
eBay, Inc. (I)   27,382    900,868 
eGain Corp. (I)   1,383    4,273 
Endurance International          
Group Holdings, Inc. (I)(L)   3,078    26,933 
Envestnet, Inc. (I)   1,037    37,799 
Everyday Health, Inc. (I)   874    6,721 
Facebook, Inc., Class A (I)   68,292    8,759,815 
Five9, Inc. (I)   1,478    23,175 
GoDaddy, Inc., Class A (I)   3,872    133,700 
Gogo, Inc. (I)(L)   2,099    23,173 
Great Elm Capital Group, Inc. (I)   477    2,237 
GrubHub, Inc. (I)   2,089    89,806 
Hortonworks, Inc. (I)   1,662    13,878 
inContact, Inc. (I)   1,441    20,145 
Instructure, Inc. (I)   779    19,763 
InterActiveCorp   1,887    117,881 
Internap Corp. (I)   1,629    2,688 
Intralinks Holdings, Inc. (I)   1,586    15,955 
iPass, Inc. (I)   3,427    5,517 
j2 Global, Inc.   1,122    74,736 
Limelight Networks, Inc. (I)   3,144    5,879 
LinkedIn Corp., Class A (I)   3,189    609,482 
Liquidity Services, Inc. (I)   719    8,082 

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Internet software and services (continued)          
LivePerson, Inc. (I)   1,346   $11,320 
LogMeIn, Inc.   564    50,980 
Marchex, Inc., Class B (I)   1,000    2,770 
Match Group, Inc. (I)(L)   5,964    106,100 
MeetMe, Inc. (I)   1,220    7,564 
MINDBODY, Inc., Class A (I)   913    17,950 
Monster Worldwide, Inc. (I)   2,708    9,776 
New Relic, Inc. (I)   1,191    45,639 
NIC, Inc.   1,581    37,154 
Numerex Corp., Class A (I)   802    6,240 
Pandora Media, Inc. (I)   5,551    79,546 
Q2 Holdings, Inc. (I)   934    26,768 
QuinStreet, Inc. (I)   930    2,809 
Qumu Corp. (I)   1,006    2,304 
Quotient Technology, Inc. (I)(L)   1,821    24,238 
Rackspace Hosting, Inc. (I)   3,026    95,894 
RealNetworks, Inc. (I)   1,531    6,828 
RetailMeNot, Inc. (I)   1,273    12,590 
Rightside Group, Ltd. (I)   359    3,267 
Shutterstock, Inc. (I)(L)   860    54,782 
Spark Networks, Inc. (I)   2,093    3,307 
SPS Commerce, Inc. (I)   436    32,007 
Stamps.com, Inc. (I)(L)   428    40,450 
Support.com, Inc. (I)   1,791    1,504 
TechTarget, Inc. (I)   764    6,158 
TrueCar, Inc. (I)   1,810    17,086 
Twitter, Inc. (I)   16,788    386,963 
VeriSign, Inc. (I)(L)   2,563    200,529 
Web.com Group, Inc. (I)   1,291    22,296 
WebMD Health Corp. (I)   946    47,016 
Xactly Corp. (I)   778    11,452 
XO Group, Inc. (I)   781    15,097 
Yahoo!, Inc. (I)   22,675    977,293 
Yelp, Inc. (I)   1,819    75,852 
Zillow Group, Inc., Class C (I)(L)   4,251    147,297 
         27,123,401 
IT services - 3.4%          
Acxiom Corp. (I)   1,763    46,984 
Alliance Data Systems Corp. (I)   1,408    302,058 
Automatic Data Processing, Inc.   10,876    959,263 
Black Knight Financial          
Services, Inc., Class A (I)   3,661    149,735 
Blackhawk Network Holdings, Inc. (I)   1,328    40,066 
Booz Allen Hamilton Holding Corp.   3,622    114,491 
Broadridge Financial Solutions, Inc.   2,859    193,812 
CACI International, Inc., Class A (I)   600    60,540 
Cass Information Systems, Inc.   337    19,091 
Cognizant Technology          
Solutions Corp., Class A (I)   14,446    689,219 
Computer Sciences Corp.   3,301    172,345 
Convergys Corp.   2,403    73,099 
CoreLogic, Inc. (I)   2,116    82,990 
CSG Systems International, Inc.   777    32,113 
CSRA, Inc.   3,897    104,829 
DST Systems, Inc.   791    93,275 
EPAM Systems, Inc. (I)   1,254    86,915 
Euronet Worldwide, Inc. (I)   1,283    104,988 
Everi Holdings, Inc. (I)   2,025    5,002 
ExlService Holdings, Inc. (I)   766    38,177 
Fidelity National Information Services, Inc.   7,782    599,447 
First Data Corp., Class A (I)   21,737    286,059 
Fiserv, Inc. (I)   5,293    526,495 
FleetCor Technologies, Inc. (I)   2,215    384,812 

 

The accompanying notes are an integral part of the financial statements.  
289

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
IT services (continued)          
Forrester Research, Inc.   453   $17,622 
Gartner, Inc. (I)   1,964    173,716 
Genpact, Ltd. (I)   4,940    118,313 
Global Payments, Inc.   3,662    281,095 
IBM Corp.   22,918    3,640,524 
Information Services Group, Inc. (I)   1,170    4,668 
Innodata, Inc. (I)   808    1,988 
Jack Henry & Associates, Inc.   1,912    163,572 
Leidos Holdings, Inc.   1,698    73,489 
Lionbridge Technologies, Inc. (I)   1,904    9,520 
ManTech International Corp., Class A   903    34,034 
Mastercard, Inc.   26,243    2,670,750 
MAXIMUS, Inc.   1,529    86,480 
MoneyGram International, Inc. (I)   1,413    10,032 
NCI, Inc., Class A   381    4,408 
NeuStar, Inc., Class A (I)(L)   1,360    36,162 
Paychex, Inc.   8,633    499,592 
PayPal Holdings, Inc. (I)   29,002    1,188,212 
Perficient, Inc. (I)   843    16,986 
PFSweb, Inc. (I)   714    6,376 
PRGX Global, Inc. (I)   1,116    5,256 
Sabre Corp.   6,582    185,481 
Science Applications International Corp.   1,039    72,075 
ServiceSource International, Inc. (I)   1,648    8,042 
Square, Inc., Class A (I)(L)   8,070    94,096 
Sykes Enterprises, Inc. (I)   996    28,017 
Syntel, Inc. (I)   2,000    83,820 
TeleTech Holdings, Inc.   1,269    36,788 
Teradata Corp. (I)   3,136    97,216 
The Hackett Group, Inc.   576    9,516 
The Western Union Company   11,667    242,907 
Total System Services, Inc.   4,344    204,820 
Unisys Corp. (I)   1,335    13,003 
Vantiv, Inc., Class A (I)   4,547    255,860 
Virtusa Corp. (I)   733    18,090 
Visa, Inc., Class A   51,786    4,282,702 
WEX, Inc. (I)   916    99,010 
Xerox Corp.   24,252    245,673 
         20,185,716 
Semiconductors and semiconductor equipment - 2.6%          
Acacia Communications, Inc. (I)(L)   891    92,022 
Advanced Energy Industries, Inc. (I)   919    43,487 
Advanced Micro Devices, Inc. (I)   19,122    132,133 
Alpha & Omega Semiconductor, Ltd. (I)   677    14,704 
Ambarella, Inc. (I)(L)   811    59,698 
Amkor Technology, Inc. (I)   5,636    54,782 
Analog Devices, Inc.   7,336    472,805 
Applied Materials, Inc.   26,041    785,136 
Applied Micro Circuits Corp. (I)   1,860    12,927 
Axcelis Technologies, Inc. (I)   1,048    13,917 
Brooks Automation, Inc.   1,693    23,042 
Cabot Microelectronics Corp.   546    28,889 
Cavium, Inc. (I)   1,490    86,718 
CEVA, Inc. (I)   473    16,588 
Cirrus Logic, Inc. (I)   1,542    81,957 
Cohu, Inc.   836    9,815 
Cree, Inc. (I)   2,451    63,040 
Cypress Semiconductor Corp.   7,563    91,966 
Diodes, Inc. (I)   1,139    24,306 
Entegris, Inc. (I)   3,313    57,712 
Exar Corp. (I)   1,365    12,708 
First Solar, Inc. (I)(L)   2,463    97,264 
FormFactor, Inc. (I)   2,017    21,884 

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Semiconductors and semiconductor equipment (continued)          
GSI Technology, Inc. (I)   900   $4,257 
Inphi Corp. (I)   911    39,638 
Integrated Device Technology, Inc. (I)   3,152    72,811 
Intel Corp.   112,806    4,258,427 
Intersil Corp., Class A   3,066    67,237 
inTEST Corp. (I)   1,205    4,820 
IXYS Corp.   1,009    12,158 
KLA-Tencor Corp.   3,703    258,136 
Kulicke & Soffa Industries, Inc. (I)   1,781    23,028 
Lam Research Corp.   3,804    360,277 
Lattice Semiconductor Corp. (I)   2,974    19,301 
Linear Technology Corp.   5,665    335,878 
MACOM Technology          
Solutions Holdings, Inc. (I)   1,327    56,185 
Marvell Technology Group, Ltd.   12,153    161,236 
Maxim Integrated Products, Inc.   6,815    272,123 
MaxLinear, Inc., Class A (I)   1,434    29,067 
Microchip Technology, Inc.   5,137    319,213 
Micron Technology, Inc. (I)   24,832    441,513 
Microsemi Corp. (I)   2,721    114,228 
MKS Instruments, Inc.   1,286    63,953 
Monolithic Power Systems, Inc.   1,007    81,064 
Nanometrics, Inc. (I)   623    13,918 
NeoPhotonics Corp. (I)   1,222    19,967 
NVE Corp.   175    10,315 
NVIDIA Corp.   12,742    873,082 
ON Semiconductor Corp. (I)   10,127    124,765 
PDF Solutions, Inc. (I)   882    16,026 
Photronics, Inc. (I)   1,479    15,248 
Power Integrations, Inc.   714    45,003 
QUALCOMM, Inc.   35,115    2,405,378 
Rambus, Inc. (I)   2,670    33,375 
Rudolph Technologies, Inc. (I)   971    17,226 
Semtech Corp. (I)   1,537    42,621 
Sigma Designs, Inc. (I)   1,223    9,527 
Silicon Laboratories, Inc. (I)   1,002    58,918 
Skyworks Solutions, Inc.   4,520    344,153 
STR Holdings, Inc. (I)   406    89 
SunEdison Semiconductor, Ltd. (I)   1,110    12,643 
SunEdison, Inc. (I)   6,553    330 
SunPower Corp. (I)   3,206    28,598 
Synaptics, Inc. (I)   852    49,910 
Teradyne, Inc.   4,894    105,613 
Tessera Technologies, Inc.   1,138    43,745 
Texas Instruments, Inc.   24,000    1,684,320 
Transwitch Corp. (I)   1,304    2 
Ultratech, Inc. (I)   647    14,933 
Veeco Instruments, Inc. (I)   1,054    20,690 
Xcerra Corp. (I)   1,415    8,575 
Xilinx, Inc.   6,069    329,789 
         15,620,809 
Software - 4.5%          
8x8, Inc. (I)   1,985    30,629 
A10 Networks, Inc. (I)   1,766    18,879 
ACI Worldwide, Inc. (I)   2,863    55,485 
Activision Blizzard, Inc.   17,593    779,370 
Adobe Systems, Inc. (I)   11,947    1,296,727 
American Software, Inc., Class A   877    9,735 
ANSYS, Inc. (I)   2,116    195,963 
Aspen Technology, Inc. (I)   1,934    90,492 
Autodesk, Inc. (I)   5,341    386,315 
Blackbaud, Inc.   1,162    77,087 
Bottomline Technologies (de), Inc. (I)   911    21,235 

 

The accompanying notes are an integral part of the financial statements.  
290

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Software (continued)          
BroadSoft, Inc. (I)   685   $31,887 
CA, Inc.   9,911    327,856 
Cadence Design Systems, Inc. (I)   7,138    182,233 
Callidus Software, Inc. (I)   1,491    27,360 
Citrix Systems, Inc. (I)   3,680    313,610 
CommVault Systems, Inc. (I)   1,078    57,274 
Covisint Corp. (I)   734    1,600 
Dell Technologies, Inc., Class V (I)   5,200    248,560 
Digimarc Corp. (I)   325    12,464 
Document Security Systems, Inc. (I)   443    288 
Ebix, Inc. (L)   840    47,754 
Electronic Arts, Inc. (I)   7,194    614,368 
Ellie Mae, Inc. (I)   692    72,868 
Epiq Systems, Inc.   1,028    16,952 
Fair Isaac Corp.   763    95,062 
FalconStor Software, Inc. (I)   1,749    1,819 
FireEye, Inc. (I)   4,078    60,069 
Fleetmatics Group PLC (I)   928    55,661 
Fortinet, Inc. (I)   4,044    149,345 
Gigamon, Inc. (I)   777    42,580 
GlobalSCAPE, Inc.   1,481    5,287 
Glu Mobile, Inc. (I)(L)   2,758    6,178 
Guidewire Software, Inc. (I)   1,731    103,825 
HubSpot, Inc. (I)   900    51,858 
Imperva, Inc. (I)   763    40,981 
Infoblox, Inc. (I)   1,457    38,421 
Interactive Intelligence Group, Inc. (I)   490    29,469 
Intuit, Inc.   6,098    670,841 
Jive Software, Inc. (I)   2,807    11,958 
Majesco Entertainment Company   35    120 
Manhattan Associates, Inc. (I)   1,728    99,567 
Mentor Graphics Corp.   2,655    70,198 
Microsoft Corp.   187,697    10,811,347 
MicroStrategy, Inc., Class A (I)   263    44,037 
Mitek Systems, Inc. (I)   479    3,971 
MobileIron, Inc. (I)   1,929    5,305 
Model N, Inc. (I)   646    7,177 
Monotype Imaging Holdings, Inc.   1,063    23,503 
NetSuite, Inc. (I)   1,928    213,410 
Nuance Communications, Inc. (I)   6,680    96,860 
Oracle Corp.   99,087    3,892,137 
Paycom Software, Inc. (I)   1,425    71,435 
Paylocity Holding Corp. (I)   1,217    54,108 
Pegasystems, Inc.   1,800    53,082 
Progress Software Corp. (I)   1,317    35,822 
Proofpoint, Inc. (I)   1,021    76,422 
PROS Holdings, Inc. (I)   740    16,731 
PTC, Inc. (I)   2,803    124,201 
Qualys, Inc. (I)   868    33,149 
Rapid7, Inc. (I)   1,196    21,109 
RealPage, Inc. (I)   2,058    52,891 
Red Hat, Inc. (I)   4,335    350,398 
RingCentral, Inc., Class A (I)   1,376    32,556 
Rosetta Stone, Inc. (I)   599    5,080 
salesforce.com, Inc. (I)   16,178    1,153,977 
Secureworks Corp., Class A (I)   2,033    25,433 
ServiceNow, Inc. (I)   3,892    308,052 
Silver Spring Networks, Inc. (I)   1,081    15,329 
Smith Micro Software, Inc. (I)   440    893 
Splunk, Inc. (I)   3,181    186,661 
SS&C Technologies Holdings, Inc.   4,725    151,909 
Symantec Corp.   14,626    367,113 
Synchronoss Technologies, Inc. (I)   1,046    43,074 

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Software (continued)          
Synopsys, Inc. (I)   3,607   $214,075 
Tableau Software, Inc., Class A (I)   1,809    99,983 
Take-Two Interactive Software, Inc. (I)   2,001    90,205 
Tangoe, Inc. (I)   1,265    10,436 
Telenav, Inc. (I)   1,482    8,492 
The Rubicon Project, Inc. (I)   1,007    8,338 
The Ultimate Software Group, Inc. (I)   698    142,664 
THQ, Inc. (I)   234    0 
TiVo Corp. (I)   2,776    54,076 
TubeMogul, Inc. (I)   804    7,533 
Tyler Technologies, Inc. (I)   857    146,744 
Upland Software, Inc. (I)   812    7,154 
Varonis Systems, Inc. (I)   654    19,685 
VASCO Data Security International, Inc. (I)   1,062    18,702 
Verint Systems, Inc. (I)   1,403    52,795 
VirnetX Holding Corp. (I)(L)   1,597    4,887 
VMware, Inc., Class A (I)(L)   10,089    740,028 
Workday, Inc., Class A (I)   4,702    431,126 
Workiva, Inc. (I)   890    16,136 
Zendesk, Inc. (I)   2,283    70,111 
Zix Corp. (I)   880    3,608 
Zynga, Inc., Class A (I)   21,526    62,641 
         26,936,821 
Technology hardware, storage and peripherals - 2.9%          
3D Systems Corp. (I)(L)   2,618    46,993 
Apple, Inc.   130,814    14,788,523 
Avid Technology, Inc. (I)   1,037    8,234 
CPI Card Group, Inc.   1,520    9,181 
Cray, Inc. (I)   1,015    23,893 
Diebold, Inc.   1,534    38,028 
Eastman Kodak Company (I)   1,082    16,230 
Electronics For Imaging, Inc. (I)   1,141    55,818 
Hewlett Packard Enterprise Company   41,163    936,458 
HP, Inc.   40,894    635,084 
Imation Corp. (I)   1,203    761 
Immersion Corp. (I)   978    7,980 
Intevac, Inc. (I)   1,176    6,938 
Lexmark International, Inc., Class A   1,463    58,461 
NCR Corp. (I)   2,991    96,280 
NetApp, Inc.   6,985    250,203 
Nimble Storage, Inc. (I)   2,003    17,686 
Pure Storage, Inc., Class A (I)(L)   4,787    64,864 
Silicon Graphics International Corp. (I)   1,212    9,332 
Super Micro Computer, Inc. (I)   1,189    27,787 
TransAct Technologies, Inc.   494    3,641 
Video Display Corp. (I)   1,821    2,003 
Western Digital Corp.   6,693    391,340 
         17,495,718 
         118,101,619 
Materials - 3.1%          
Chemicals - 2.0%          
A. Schulman, Inc.   713    20,763 
Air Products & Chemicals, Inc.   5,160    775,754 
Albemarle Corp.   2,696    230,481 
American Vanguard Corp.   755    12,125 
Ashland Global Holdings, Inc.   1,480    171,606 
Axalta Coating Systems, Ltd. (I)   5,704    161,252 
Balchem Corp.   725    56,209 
Cabot Corp.   1,475    77,305 
Calgon Carbon Corp.   1,150    17,446 
Celanese Corp., Series A   3,519    234,225 

 

The accompanying notes are an integral part of the financial statements.  
291

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (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.   5,650   $137,578 
Chase Corp.   226    15,621 
Chemtura Corp. (I)   1,472    48,296 
Ciner Resources LP   509    15,845 
Core Molding Technologies, Inc. (I)   280    4,732 
E.I. du Pont de Nemours & Company   20,871    1,397,731 
Eastman Chemical Company   3,541    239,655 
Ecolab, Inc.   7,012    853,501 
Ferro Corp. (I)   1,796    24,803 
Flotek Industries, Inc. (I)(L)   1,385    20,138 
FMC Corp.   3,237    156,477 
FutureFuel Corp.   1,202    13,559 
GCP Applied Technologies, Inc. (I)   1,748    49,503 
Hawkins, Inc.   312    13,519 
HB Fuller Company   1,198    55,671 
Huntsman Corp.   5,713    92,951 
Ingevity Corp. (I)   1,072    49,419 
Innophos Holdings, Inc.   533    20,803 
Innospec, Inc.   621    37,763 
International Flavors & Fragrances, Inc.   1,880    268,784 
Intrepid Potash, Inc. (I)   1,827    2,065 
KMG Chemicals, Inc.   377    10,680 
Koppers Holdings, Inc. (I)   493    15,865 
Kraton Corp. (I)   778    27,261 
Kronos Worldwide, Inc. (L)   2,710    22,466 
LSB Industries, Inc. (I)   541    4,642 
Metabolix, Inc. (I)   1,481    666 
Minerals Technologies, Inc.   820    57,966 
Monsanto Company   10,436    1,066,559 
NewMarket Corp.   278    119,351 
Northern Technologies International Corp. (I)   322    4,041 
OCI Partners LP   2,042    12,068 
Olin Corp.   3,964    81,341 
OMNOVA Solutions, Inc. (I)   969    8,178 
PolyOne Corp.   2,015    68,127 
PPG Industries, Inc.   6,360    657,370 
Praxair, Inc.   6,818    823,819 
Quaker Chemical Corp.   343    36,334 
Rayonier Advanced Materials, Inc.   994    13,290 
RPM International, Inc.   3,162    169,863 
Sensient Technologies Corp.   1,054    79,893 
Stepan Company   506    36,766 
Terra Nitrogen Company LP   422    47,403 
TerraVia Holdings, Inc. (I)   3,082    8,476 
The Chemours Company   4,318    69,088 
The Dow Chemical Company   26,819    1,390,029 
The Mosaic Company   8,427    206,124 
The Scotts Miracle-Gro Company, Class A   1,434    119,409 
The Sherwin-Williams Company   2,205    610,035 
The Valspar Corp.   1,883    199,730 
Trecora Resources (I)   686    7,834 
Tredegar Corp.   888    16,508 
Trinseo SA   1,169    66,119 
Valhi, Inc.   7,686    17,678 
W.R. Grace & Company   1,671    123,320 
Westlake Chemical Corp.   3,120    166,920 
Westlake Chemical Partners LP   391    8,930 
         11,649,729 
Construction materials - 0.1%          
Eagle Materials, Inc.   1,126    87,040 
Headwaters, Inc. (I)   1,664    28,155 
Martin Marietta Materials, Inc.   1,515    271,352 
Summit Materials, Inc., Class A (I)   1,522    28,233 

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Construction materials (continued)          
U.S. Concrete, Inc. (I)   359   $16,537 
United States Lime & Minerals, Inc.   118    7,788 
Vulcan Materials Company   3,157    359,046 
         798,151 
Containers and packaging - 0.4%          
AEP Industries, Inc.   126    13,781 
AptarGroup, Inc.   1,465    113,406 
Avery Dennison Corp.   2,115    164,526 
Ball Corp.   3,403    278,876 
Bemis Company, Inc.   2,253    114,926 
Berry Plastics Group, Inc. (I)   2,850    124,973 
Crown Holdings, Inc. (I)   3,312    189,082 
Graphic Packaging Holding Company   7,469    104,491 
Greif, Inc., Class A   1,126    55,838 
International Paper Company   9,842    472,219 
Multi Packaging          
Solutions International, Ltd. (I)   1,900    27,379 
Myers Industries, Inc.   599    7,781 
Owens-Illinois, Inc. (I)   3,705    68,135 
Packaging Corp. of America   2,223    180,641 
Sealed Air Corp.   4,724    216,454 
Silgan Holdings, Inc.   1,489    75,329 
Sonoco Products Company   2,438    128,800 
UFP Technologies, Inc. (I)   270    7,155 
WestRock Company   6,078    294,661 
         2,638,453 
Metals and mining - 0.5%          
A. M. Castle & Company (I)   676    541 
AK Steel Holding Corp. (I)   5,937    28,676 
Alcoa, Inc.   31,640    320,830 
Allegheny Technologies, Inc. (L)   2,513    45,410 
Carpenter Technology Corp.   1,065    43,942 
Century Aluminum Company (I)   2,202    15,304 
Cliffs Natural Resources, Inc. (I)(L)   4,609    26,963 
Coeur Mining, Inc. (I)   3,812    45,096 
Commercial Metals Company   2,880    46,627 
Compass Minerals International, Inc.   779    57,412 
Freeport-McMoRan, Inc.   30,030    326,126 
General Moly, Inc. (I)   2,672    748 
Golden Minerals Company (I)   848    644 
Handy & Harman, Ltd. (I)   386    8,121 
Haynes International, Inc.   336    12,469 
Hecla Mining Company   9,212    52,508 
Hi-Crush Partners LP (I)   931    14,282 
Horsehead Holding Corp. (I)   1,401    27 
Kaiser Aluminum Corp.   411    35,547 
Materion Corp.   519    15,938 
Midway Gold Corp. (I)   3,078    3 
Molycorp, Inc. (I)   6,266    201 
Newmont Mining Corp.   12,700    498,983 
Nucor Corp.   7,622    376,908 
Olympic Steel, Inc.   311    6,873 
Paramount Gold Nevada Corp. (I)   221    444 
Reliance Steel & Aluminum Company   1,718    123,748 
Royal Gold, Inc.   1,516    117,384 
Ryerson Holding Corp. (I)   791    8,930 
Schnitzer Steel Industries, Inc., Class A   687    14,358 
Southern Copper Corp. (L)   18,572    488,444 
Steel Dynamics, Inc.   5,877    146,866 
Stillwater Mining Company (I)   2,775    37,074 
SunCoke Energy Partners LP   1,200    18,168 
SunCoke Energy, Inc.   1,547    12,407 

 

The accompanying notes are an integral part of the financial statements.  
292

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Metals and mining (continued)          
Synalloy Corp.   518   $4,854 
Tahoe Resources, Inc.   7,130    91,478 
TimkenSteel Corp. (I)   1,013    10,586 
United States Steel Corp. (L)   3,397    64,067 
US Antimony Corp. (I)   2,052    933 
Vista Gold Corp. (I)   2,508    2,658 
Worthington Industries, Inc.   1,465    70,364 
         3,192,942 
Paper and forest products - 0.1%          
Boise Cascade Company (I)   927    23,546 
Clearwater Paper Corp. (I)   383    24,769 
Deltic Timber Corp.   336    22,757 
KapStone Paper and Packaging Corp.   2,401    45,427 
Louisiana-Pacific Corp. (I)   3,348    63,043 
Neenah Paper, Inc.   450    35,555 
PH Glatfelter Company   1,142    24,759 
Rentech, Inc. (I)   1,061    3,098 
Schweitzer-Mauduit International, Inc.   763    29,421 
         272,375 
         18,551,650 
Real estate - 4.0%          
Equity real estate investment trusts - 3.9%          
Acadia Realty Trust   1,698    61,536 
Agree Realty Corp.   498    24,621 
Alexander’s, Inc.   132    55,387 
Alexandria Real Estate Equities, Inc.   1,770    192,523 
American Assets Trust, Inc.   1,121    48,629 
American Campus Communities, Inc.   3,089    157,137 
American Homes 4 Rent, Class A   5,749    124,408 
American Tower Corp.   10,139    1,149,053 
Apartment Investment & Management          
Company, Class A   3,771    173,127 
Apple Hospitality REIT, Inc.   4,200    77,742 
Armada Hoffler Properties, Inc.   983    13,172 
Ashford Hospitality Prime, Inc.   896    12,634 
Ashford Hospitality Trust, Inc.   2,152    12,675 
AvalonBay Communities, Inc.   3,276    582,604 
Bluerock Residential Growth REIT, Inc.   654    8,502 
Boston Properties, Inc.   3,674    500,729 
Brandywine Realty Trust   4,232    66,104 
Brixmor Property Group, Inc.   7,038    195,586 
Camden Property Trust   2,078    174,012 
Care Capital Properties, Inc.   1,962    55,917 
CareTrust REIT, Inc.   1,577    23,308 
CatchMark Timber Trust, Inc., Class A   1,041    12,169 
CBL & Associates Properties, Inc.   3,918    47,565 
Cedar Realty Trust, Inc.   2,391    17,215 
Chatham Lodging Trust   1,014    19,520 
Chesapeake Lodging Trust   1,393    31,900 
Colony Starwood Homes   2,489    71,434 
Columbia Property Trust, Inc.   2,913    65,222 
Communications Sales & Leasing, Inc.   3,640    114,332 
Community Healthcare Trust, Inc.   509    11,157 
CorEnergy Infrastructure Trust, Inc.   217    6,365 
CoreSite Realty Corp.   722    53,457 
Corporate Office Properties Trust   2,190    62,087 
Corrections Corp. of America   2,844    39,446 
Cousins Properties, Inc.   4,834    50,467 
Crown Castle International Corp.   8,053    758,673 
CubeSmart   4,232    115,364 
CyrusOne, Inc.   1,885    89,669 

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Equity real estate investment trusts (continued)          
DCT Industrial Trust, Inc.   2,154   $104,577 
DDR Corp.   8,843    154,133 
DiamondRock Hospitality Company   4,943    44,981 
Digital Realty Trust, Inc.   3,784    367,502 
Douglas Emmett, Inc.   3,549    130,000 
Duke Realty Corp.   8,192    223,887 
DuPont Fabros Technology, Inc.   1,768    72,930 
Easterly Government Properties, Inc.   770    14,692 
EastGroup Properties, Inc.   779    57,303 
Education Realty Trust, Inc.   1,610    69,455 
Empire State Realty Trust, Inc., Class A   2,973    62,284 
EPR Properties   1,484    116,850 
Equinix, Inc.   1,653    595,493 
Equity Commonwealth (I)   3,074    92,896 
Equity LifeStyle Properties, Inc.   2,044    157,756 
Equity One, Inc.   3,403    104,166 
Equity Residential   8,695    559,349 
Essex Property Trust, Inc.   1,563    348,080 
Extra Space Storage, Inc.   2,971    235,927 
Farmland Partners, Inc.   377    4,222 
Federal Realty Investment Trust   1,682    258,910 
FelCor Lodging Trust, Inc.   3,209    20,634 
First Industrial Realty Trust, Inc.   2,858    80,653 
First Potomac Realty Trust   1,654    15,134 
Forest City Realty Trust, Inc., Class A   6,322    146,228 
Four Corners Property Trust, Inc.   1,318    28,113 
Franklin Street Properties Corp.   2,442    30,769 
Gaming and Leisure Properties, Inc.   4,819    161,196 
General Growth Properties, Inc.   21,040    580,704 
Getty Realty Corp.   809    19,359 
Gladstone Commercial Corp.   843    15,705 
Government Properties Income Trust   1,666    37,685 
Gramercy Property Trust   9,896    95,397 
HCP, Inc.   11,182    424,357 
Healthcare Realty Trust, Inc.   2,565    87,364 
Healthcare Trust of America, Inc., Class A   3,248    105,950 
Hersha Hospitality Trust   963    17,353 
Highwoods Properties, Inc.   2,302    119,980 
Hospitality Properties Trust   3,527    104,822 
Host Hotels & Resorts, Inc.   17,798    277,115 
Hudson Pacific Properties, Inc.   2,493    81,945 
Independence Realty Trust, Inc.   1,319    11,871 
InfraREIT, Inc.   1,129    20,480 
Investors Real Estate Trust   3,169    18,856 
Iron Mountain, Inc.   6,244    234,337 
Kilroy Realty Corp.   2,220    153,957 
Kimco Realty Corp.   10,050    290,948 
Kite Realty Group Trust   2,004    55,551 
Lamar Advertising Company, Class A   2,331    152,238 
LaSalle Hotel Properties   2,682    64,019 
Lexington Realty Trust   5,628    57,968 
Liberty Property Trust   3,554    143,404 
Life Storage, Inc.   1,077    95,788 
LTC Properties, Inc.   965    50,170 
Mack-Cali Realty Corp.   2,086    56,781 
Medical Properties Trust, Inc.   5,667    83,702 
MGM Growth Properties LLC   1,446    37,697 
Mid-America Apartment Communities, Inc.   1,773    166,644 
Monmouth Real Estate Investment Corp.   1,469    20,963 
Monogram Residential Trust, Inc.   4,005    42,613 
National Health Investors, Inc.   901    70,710 
National Retail Properties, Inc.   3,382    171,975 
National Storage Affiliates Trust   528    11,056 

 

The accompanying notes are an integral part of the financial statements.  
293

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Equity real estate investment trusts (continued)          
New Senior Investment Group, Inc.   2,155   $24,869 
New York REIT, Inc.   3,741    34,230 
NexPoint Residential Trust, Inc.   745    14,647 
NorthStar Realty Europe Corp.   1,374    15,045 
Northstar Realty Finance Corp.   4,478    58,975 
Omega Healthcare Investors, Inc.   4,470    158,462 
One Liberty Properties, Inc.   544    13,143 
Outfront Media, Inc.   3,347    79,157 
Paramount Group, Inc.   5,251    86,064 
Parkway Properties, Inc.   2,781    47,305 
Pebblebrook Hotel Trust   1,740    46,284 
Pennsylvania Real Estate Investment Trust   1,656    38,138 
Physicians Realty Trust   3,190    68,713 
Piedmont Office Realty Trust, Inc., Class A   3,349    72,908 
Post Properties, Inc.   1,263    83,522 
Potlatch Corp.   951    36,984 
Preferred Apartment Communities, Inc.   734    9,916 
Prologis, Inc.   12,593    674,229 
PS Business Parks, Inc.   649    73,707 
Public Storage   4,138    923,353 
QTS Realty Trust, Inc., Class A   1,179    62,310 
RAIT Financial Trust   1,605    5,425 
Ramco-Gershenson Properties Trust   1,960    36,730 
Rayonier, Inc.   2,911    77,258 
Realty Income Corp.   6,125    409,946 
Regency Centers Corp.   2,321    179,854 
Retail Opportunity Investments Corp.   2,494    54,768 
Retail Properties of America, Inc., Class A   5,782    97,138 
Rexford Industrial Realty, Inc.   1,649    37,746 
RLJ Lodging Trust   3,050    64,142 
Ryman Hospitality Properties   1,232    59,333 
Sabra Health Care REIT, Inc.   1,535    38,651 
Saul Centers, Inc.   477    31,768 
Select Income REIT   2,137    57,485 
Senior Housing Properties Trust   5,681    129,016 
Seritage Growth Properties (L)   824    41,760 
Silver Bay Realty Trust Corp.   777    13,621 
Simon Property Group, Inc.   7,387    1,529,183 
SL Green Realty Corp.   2,407    260,197 
Sotherly Hotels, Inc.   868    4,566 
Spirit Realty Capital, Inc.   11,432    152,389 
STAG Industrial, Inc.   1,797    44,044 
STORE Capital Corp.   3,560    104,913 
Summit Hotel Properties, Inc.   1,948    25,636 
Sun Communities, Inc.   1,532    120,231 
Sunstone Hotel Investors, Inc.   5,238    66,994 
Tanger Factory Outlet Centers, Inc.   2,305    89,803 
Taubman Centers, Inc.   1,400    104,174 
Terreno Realty Corp.   1,037    28,528 
The Macerich Company   3,536    285,956 
Tier REIT, Inc.   1,279    19,748 
UDR, Inc.   6,421    231,092 
UMH Properties, Inc.   1,112    13,255 
Universal Health Realty Income Trust   318    20,040 
Urban Edge Properties   2,318    65,229 
Urstadt Biddle Properties, Inc.   242    4,380 
Urstadt Biddle Properties, Inc., Class A   890    19,776 
Ventas, Inc.   8,054    568,854 
VEREIT, Inc.   21,743    225,475 
Vornado Realty Trust   4,513    456,761 
Washington Prime Group, Inc.   4,412    54,621 
Washington Real Estate Investment Trust   1,849    57,541 
Weingarten Realty Investors   2,999    116,901 

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Equity real estate investment trusts (continued)          
Welltower, Inc.   8,518   $636,891 
Weyerhaeuser Company   17,892    571,470 
Whitestone REIT   845    11,729 
Winthrop Realty Trust   1,052    8,763 
WP Carey, Inc.   2,539    163,842 
         23,532,616 
Real estate management and development - 0.1%          
Alexander & Baldwin, Inc.   1,192    45,797 
AV Homes, Inc. (I)   525    8,736 
CBRE Group, Inc., Class A (I)   7,904    221,154 
Consolidated-Tomoka Land Company   189    9,675 
Forestar Group, Inc. (I)   1,047    12,260 
FRP Holdings, Inc. (I)   274    8,513 
Griffin Land & Nurseries, Inc.   224    7,099 
HFF, Inc., Class A   916    25,364 
Jones Lang LaSalle, Inc.   1,057    120,276 
Kennedy-Wilson Holdings, Inc.   2,796    63,050 
Marcus & Millichap, Inc. (I)   862    22,541 
RE/MAX Holdings, Inc., Class A   428    18,738 
Tejon Ranch Company (I)   488    11,868 
The Howard Hughes Corp. (I)   963    110,264 
The RMR Group, Inc., Class A   776    29,441 
The St. Joe Company (I)   1,877    34,499 
         749,275 
         24,281,891 
Telecommunication services - 2.4%          
Diversified telecommunication services - 2.1%          
Alaska Communications          
Systems Group, Inc. (I)   1,419    2,441 
AT&T, Inc.   147,033    5,971,010 
ATN International, Inc.   401    26,081 
CenturyLink, Inc.   12,975    355,904 
Cincinnati Bell, Inc. (I)   4,894    19,968 
Cogent Communications Holdings, Inc.   1,021    37,583 
Consolidated Communications Holdings, Inc.   1,156    29,177 
FairPoint Communications, Inc. (I)   740    11,122 
Frontier Communications Corp.   28,061    116,734 
Fusion          
Telecommunications International, Inc. (I)   1,940    3,201 
General Communication, Inc., Class A (I)   1,029    14,149 
Globalstar, Inc. (I)(L)   22,247    26,919 
Hawaiian Telcom Holdco, Inc. (I)   400    8,956 
IDT Corp., Class B   675    11,637 
Inteliquent, Inc.   876    14,139 
Iridium Communications, Inc. (I)(L)   2,478    20,097 
Level 3 Communications, Inc. (I)   8,543    396,224 
Lumos Networks Corp. (I)   549    7,686 
ORBCOMM, Inc. (I)   1,692    17,343 
SBA Communications Corp., Class A (I)   3,003    336,816 
Straight Path          
Communications, Inc., Class B (I)   302    7,734 
Towerstream Corp. (I)   112    152 
Verizon Communications, Inc.   97,344    5,059,941 
Vonage Holdings Corp. (I)   4,929    32,581 
Windstream Holdings, Inc. (L)   2,313    23,246 
Zayo Group Holdings, Inc. (I)   5,746    170,714 
         12,721,555 
Wireless telecommunication services - 0.3%          
Boingo Wireless, Inc. (I)   1,274    13,097 
Leap Wireless International, Inc. (I)   2,036    6,413 
Shenandoah Telecommunications Company   1,161    31,591 

 

The accompanying notes are an integral part of the financial statements.  
294

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Wireless telecommunication services (continued)          
Sprint Corp. (I)(L)   95,174   $631,004 
T-Mobile US, Inc. (I)   19,667    918,842 
Telephone & Data Systems, Inc.   2,523    68,575 
United States Cellular Corp. (I)   2,040    74,134 
         1,743,656 
         14,465,211 
Utilities - 3.1%          
Electric utilities - 1.8%          
ALLETE, Inc.   1,173    69,934 
Alliant Energy Corp.   5,416    207,487 
American Electric Power Company, Inc.   11,727    752,991 
Avangrid, Inc.   7,420    310,008 
Duke Energy Corp.   16,456    1,317,138 
Edison International   7,767    561,166 
El Paso Electric Company   986    46,115 
Entergy Corp.   4,288    329,018 
Eversource Energy   7,567    409,980 
Exelon Corp.   21,215    706,247 
FirstEnergy Corp.   10,067    333,016 
Great Plains Energy, Inc.   3,613    98,599 
Hawaiian Electric Industries, Inc.   2,623    78,297 
IDACORP, Inc.   1,195    93,545 
ITC Holdings Corp.   3,625    168,490 
MGE Energy, Inc.   847    47,864 
NextEra Energy, Inc.   11,022    1,348,211 
OGE Energy Corp.   4,833    152,819 
Otter Tail Corp.   937    32,411 
PG&E Corp.   11,847    724,681 
Pinnacle West Capital Corp.   2,624    199,398 
PNM Resources, Inc.   1,941    63,510 
Portland General Electric Company   2,132    90,802 
PPL Corp.   16,159    558,617 
Spark Energy, Inc., Class A (L)   346    10,079 
The Empire District Electric Company   1,051    35,881 
The Southern Company   22,420    1,150,146 
Westar Energy, Inc.   3,367    191,077 
Xcel Energy, Inc.   12,121    498,658 
         10,586,185 
Gas utilities - 0.2%          
AmeriGas Partners LP   2,217    101,228 
Atmos Energy Corp.   2,431    181,037 
Chesapeake Utilities Corp.   331    20,211 
Ferrellgas Partners LP   2,450    28,518 
National Fuel Gas Company   2,027    109,600 
New Jersey Resources Corp.   2,014    66,180 
Northwest Natural Gas Company   684    41,115 
ONE Gas, Inc.   1,229    76,001 
Piedmont Natural Gas Company, Inc.   1,903    114,256 
South Jersey Industries, Inc.   1,881    55,584 
Southwest Gas Corp.   1,106    77,265 
Spire, Inc.   1,109    70,688 
Star Gas Partners LP   1,232    11,889 
Suburban Propane Partners LP   1,493    49,717 
UGI Corp.   4,169    188,606 
WGL Holdings, Inc.   1,188    74,488 
         1,266,383 
Independent power and renewable electricity producers - 0.1%          
8point3 Energy Partners LP   1,838    26,467 
AES Corp.   15,918    204,546 
Atlantic Power Corp.   4,390    10,843 
Calpine Corp. (I)   8,711    110,107 

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Independent power and renewable electricity          
producers (continued)          
Dynegy, Inc. (I)   2,927   $36,266 
NextEra Energy Partners LP   1,044    29,201 
NRG Energy, Inc.   7,586    85,039 
Ormat Technologies, Inc.   1,243    60,174 
Talen Energy Corp. (I)   2,922    40,470 
TerraForm Global, Inc., Class A (I)   3,800    15,618 
TerraForm Power, Inc., Class A (I)(L)   3,768    52,413 
Vivint Solar, Inc. (I)(L)   2,719    8,592 
         679,736 
Multi-utilities - 0.9%          
Ameren Corp.   5,753    282,933 
Avista Corp.   1,574    65,777 
Black Hills Corp.   1,244    76,158 
CenterPoint Energy, Inc.   10,292    239,083 
CMS Energy Corp.   6,692    281,131 
Consolidated Edison, Inc.   7,213    543,139 
Dominion Resources, Inc.   14,726    1,093,700 
DTE Energy Company   4,276    400,533 
MDU Resources Group, Inc.   4,706    119,721 
NiSource, Inc.   7,692    185,454 
NorthWestern Corp.   1,173    67,483 
Public Service Enterprise Group, Inc.   12,056    504,785 
SCANA Corp.   3,436    248,663 
Sempra Energy   5,952    637,995 
Unitil Corp.   375    14,648 
Vectren Corp.   1,969    98,844 
WEC Energy Group, Inc.   7,511    449,759 
         5,309,806 
Water utilities - 0.1%          
American States Water Company   889    35,604 
American Water Works Company, Inc.   4,233    316,798 
Aqua America, Inc.   4,256    129,723 
Artesian Resources Corp., Class A   331    9,447 
California Water Service Group   1,119    35,909 
Connecticut Water Service, Inc.   283    14,074 
Middlesex Water Company   406    14,307 
Pure Cycle Corp. (I)   1,164    6,681 
SJW Corp.   497    21,709 
York Water Company   407    12,072 
         596,324 
         18,438,434 
TOTAL COMMON STOCKS (Cost $339,286,938)       $585,900,075 
           
CONVERTIBLE BONDS - 0.0%          
Health care - 0.0%          
Catalyst Biosciences, Inc.          
2.224%, 02/19/2018 (Z)  $779   $467 
TOTAL CONVERTIBLE BONDS (Cost $779)       $467 
           
WARRANTS - 0.0%          
Asterias Biotherapeutics, Inc. (Expiration Date:          
09/30/2016; Strike Price: $5.00) (I)   30    15 
BioTime, Inc. (Expiration Date: 10/01/2018;          
Strike Price: $5.00) (I)   184    149 
Eagle Bulk Shipping, Inc. (Expiration Date:          
10/15/2021; Strike Price: $27.82) (I)   92    3 
Education Management Corp. (Expiration          
Date: 01/05/2022) (I)(N)   4,333    25 
Genco Shipping & Trading, Ltd. (Expiration          
Date: 07/09/2021; Strike Price: $20.99) (I)   84    4 

 

The accompanying notes are an integral part of the financial statements.  
295

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Total Stock Market Index Trust (continued)

 

     Shares or
Principal
Amount		   Value
WARRANTS (continued)          
Hercules Offshore, Inc. (Expiration          
Date: 11/08/2021) (I)(N)   124   $175 
Hycroft Mining Corp. (Expiration          
Date: 10/12/2022) (I)(N)   196    0 
Swift Energy Company (Expiration          
Date: 04/15/2019) (I)(N)   50    92 
Swift Energy Company (Expiration          
Date: 04/15/2020) (I)(N)   50    140 
TOTAL WARRANTS (Cost $19,078)       $603 
           
SECURITIES LENDING COLLATERAL - 1.4%          
John Hancock          
Collateral Trust, 0.6548% (W)(Y)   820,477    8,210,190 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $8,209,823)       $8,210,190 
           
SHORT-TERM INVESTMENTS - 2.0%          
Repurchase agreement - 2.0%          
Repurchase Agreement with State Street Corp.          
dated 09/30/2016 at 0.030% to be          
repurchased at $11,740,029 on 10/03/2016,          
collateralized by $11,770,000 U.S. Treasury          
Inflation Indexed Notes, 0.125% due          
07/15/2026 (valued at $11,975,975,          
including interest)  $11,740,000   $11,740,000 
TOTAL SHORT-TERM INVESTMENTS (Cost $11,740,000)       $11,740,000 
Total Investments (Total Stock Market Index Trust)          
(Cost $359,256,618) - 101.1%       $605,851,335 
Other assets and liabilities, net - (1.1%)        (6,429,086)
TOTAL NET ASSETS - 100.0%       $599,422,249 

 

Ultra Short Term Bond Trust

 

     Shares or
Principal
Amount		   Value 
U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS - 25.5%          
U.S. Government - 21.9%          
U.S. Treasury Notes          
0.500%, 01/31/2017  $16,000,000   $16,009,360 
0.750%, 01/15/2017   11,000,000    11,013,343 
0.875%, 11/30/2016   14,000,000    14,015,176 
3.125%, 10/31/2016   12,000,000    12,027,324 
3.250%, 12/31/2016   15,000,000    15,107,951 
         68,173,154 
U.S. Government Agency - 3.6%          
Federal Home Loan Mortgage Corp.          
2.390%, 12/01/2035 (P)   188,537    194,831 
2.440%, 12/01/2036 (P)   137,806    142,687 
2.541%, 12/01/2035 (P)   374,750    394,101 
2.697%, 06/01/2036 (P)   205,683    213,726 
2.713%, 05/01/2037 (P)   337,936    356,233 
2.726%, 11/01/2036 (P)   374,616    394,583 
2.821%, 02/01/2036 (P)   277,421    290,528 
2.846%, 05/01/2034 (P)   401,613    424,109 
2.855%, 08/01/2035 (P)   431,460    457,029 
Federal National Mortgage Association          
2.326%, 10/01/2038 (P)   330,841    346,014 

 

Ultra Short Term Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS (continued)          
U.S. Government Agency (continued)          
Federal National Mortgage          
Association (continued)          
2.373%, 10/01/2035 (P)  $613,326   $633,609 
2.375%, 04/01/2035 (P)   1,676,509    1,743,385 
2.475%, 02/01/2035 (P)   415,630    429,932 
2.608%, 01/01/2036 (P)   461,519    486,621 
2.615%, 02/01/2035 (P)   795,307    839,546 
2.655%, 05/01/2036 (P)   1,038,252    1,095,803 
2.666%, 01/01/2036 (P)   270,600    285,692 
2.730%, 07/01/2035 (P)   702,227    733,459 
2.753%, 07/01/2035 (P)   367,971    388,852 
2.758%, 05/01/2034 (P)   249,721    264,657 
Government National Mortgage Association          
1.875%, 08/20/2032 to 08/20/2035 (P)   884,209    912,455 
         11,027,852 
TOTAL U.S. GOVERNMENT AND AGENCY          
OBLIGATIONS (Cost $79,532,540)       $79,201,006 
           
CORPORATE BONDS - 52.3%          
Consumer discretionary - 6.9%          
American Honda Finance Corp.          
1.125%, 10/07/2016   1,000,000    1,000,006 
Cox Communications, Inc.          
5.875%, 12/01/2016 (S)   1,200,000    1,208,389 
Daimler Finance North America LLC          
1.469%, 08/03/2017 (P)(S)   2,000,000    2,006,452 
2.950%, 01/11/2017 (S)   1,000,000    1,005,120 
Ford Motor Credit Company LLC          
1.361%, 09/08/2017 (P)   1,500,000    1,500,494 
1.483%, 03/27/2017 (P)   2,030,000    2,031,529 
General Motors Financial Company, Inc.          
2.625%, 07/10/2017   2,000,000    2,015,850 
Historic TW, Inc. 6.875%, 06/15/2018   3,500,000    3,815,648 
Scripps Networks Interactive, Inc.          
2.700%, 12/15/2016   1,000,000    1,002,355 
The Home Depot, Inc. 1.220%, 09/15/2017 (P)   1,300,000    1,303,575 
Toyota Motor Credit Corp.          
1.700%, 02/19/2019   3,000,000    3,023,214 
Viacom, Inc. 3.500%, 04/01/2017   1,448,000    1,460,928 
         21,373,560 
Consumer staples - 6.1%          
Anheuser-Busch InBev Finance, Inc.          
1.900%, 02/01/2019   4,000,000    4,039,640 
Bunge, Ltd. Finance Corp.          
3.200%, 06/15/2017   3,000,000    3,038,712 
ConAgra Foods, Inc. 5.819%, 06/15/2017   1,500,000    1,542,867 
Kraft Heinz Foods Company          
2.000%, 07/02/2018   2,500,000    2,524,698 
2.250%, 06/05/2017   1,015,000    1,021,323 
PepsiCo, Inc. 1.125%, 07/17/2017   1,000,000    1,000,537 
Philip Morris International, Inc.          
1.250%, 08/11/2017   1,500,000    1,501,574 
1.625%, 03/20/2017   1,400,000    1,405,124 
Reynolds American, Inc. 2.300%, 08/21/2017   2,500,000    2,521,075 
Walgreens Boots Alliance, Inc.          
1.750%, 05/30/2018   245,000    246,333 
         18,841,883 
Energy - 0.7%          
Kinder Morgan Energy Partners LP          
5.950%, 02/15/2018   2,000,000    2,103,232 

 

The accompanying notes are an integral part of the financial statements.

296

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Ultra Short Term Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)          
Financials - 13.0%          
American Express Company          
6.150%, 08/28/2017  $1,000,000   $1,042,066 
American Express Credit Corp.          
2.375%, 03/24/2017   2,000,000    2,012,020 
Bank of America NA          
1.125%, 11/14/2016   2,000,000    2,000,694 
5.300%, 03/15/2017   1,775,000    1,806,029 
BB&T Corp. 1.600%, 08/15/2017   1,000,000    1,003,311 
Citigroup, Inc. 1.307%, 08/14/2017 (P)   1,951,000    1,951,853 
Credit Suisse AG 1.750%, 01/29/2018   3,000,000    3,000,396 
ING Bank NV 3.750%, 03/07/2017 (S)   2,785,000    2,813,574 
JPMorgan Chase & Co. 6.000%, 01/15/2018 3,000,000        3,169,836 
Macquarie Bank, Ltd.          
1.647%, 03/24/2017 (P)(S)   2,000,000    1,998,748 
5.000%, 02/22/2017 (S)   1,320,000    1,338,019 
Morgan Stanley          
5.450%, 01/09/2017   1,500,000    1,516,478 
5.625%, 09/23/2019   2,057,000    2,277,874 
National City Bank 1.203%, 06/07/2017 (P) 2,500,000        2,500,425 
National Rural Utilities          
Cooperative Finance Corp.          
1.100%, 01/27/2017   645,000    645,181 
1.117%, 11/23/2016 (P)   2,000,000    2,000,756 
Santander Holdings USA, Inc.          
2.700%, 05/24/2019   690,000    698,569 
Santander UK PLC          
1.362%, 03/13/2017 (P)   2,000,000    1,998,718 
2.500%, 03/14/2019   2,000,000    2,029,720 
The PNC Financial Services Group, Inc.          
5.625%, 02/01/2017   2,500,000    2,535,973 
Wells Fargo & Company          
1.101%, 09/08/2017 (P)   2,000,000    1,998,048 
         40,338,288 
Health care - 11.0%          
AbbVie, Inc. 1.800%, 05/14/2018   3,600,000    3,615,120 
Actavis Funding SCS 1.850%, 03/01/2017   3,000,000    3,007,608 
Aetna, Inc. 1.500%, 11/15/2017   3,000,000    3,000,240 
Amgen, Inc.          
2.125%, 05/15/2017   2,000,000    2,011,578 
2.500%, 11/15/2016   2,000,000    2,002,918 
GlaxoSmithKline Capital PLC          
1.500%, 05/08/2017   1,500,000    1,503,755 
5.650%, 05/15/2018   3,000,000    3,206,919 
Merck & Company, Inc.          
0.932%, 02/10/2017 (P)   1,665,000    1,665,603 
Mylan, Inc. 1.350%, 11/29/2016   2,000,000    2,001,006 
Pfizer, Inc. 0.967%, 05/15/2017 (P)   2,300,000    2,302,318 
Teva Pharmaceutical Finance          
Netherlands III BV 1.700%, 07/19/2019   2,870,000    2,863,296 
UnitedHealth Group, Inc.          
1.875%, 11/15/2016   2,000,000    2,002,086 
6.000%, 02/15/2018   2,000,000    2,125,566 
Zimmer Biomet Holdings, Inc.          
1.450%, 04/01/2017   2,909,000    2,912,113 
         34,220,126 
Industrials - 2.3%          
Air Lease Corp. 2.625%, 09/04/2018   3,000,000    3,027,141 
International Lease Finance Corp.          
3.875%, 04/15/2018   2,000,000    2,047,500 
John Deere Capital Corp.          
1.070%, 12/15/2017 (P)   1,200,000    1,200,409 

 

Ultra Short Term Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
CORPORATE BONDS (continued)          
Industrials (continued)          
Union Pacific Corp. 5.650%, 05/01/2017  $1,000,000   $1,025,818 
         7,300,868 
Information technology - 4.8%          
Apple, Inc. 1.700%, 02/22/2019   3,000,000    3,033,834 
Cisco Systems, Inc.          
1.100%, 03/03/2017   1,509,000    1,509,605 
1.115%, 03/03/2017 (P)   2,000,000    2,002,244 
eBay, Inc. 2.500%, 03/09/2018   285,000    289,022 
IBM Corp. 1.800%, 05/17/2019   3,000,000    3,040,008 
Visa, Inc. 1.200%, 12/14/2017   1,495,000    1,498,389 
Xerox Corp.          
2.950%, 03/15/2017   2,000,000    2,011,824 
6.750%, 02/01/2017   1,500,000    1,523,619 
         14,908,545 
Materials - 0.3%          
Glencore Finance Canada, Ltd.          
3.600%, 01/15/2017 (S)   1,000,000    1,001,200 
Real estate - 2.5%          
American Tower Corp. 3.400%, 02/15/2019   1,515,000    1,574,053 
AvalonBay Communities, Inc.          
5.700%, 03/15/2017   1,780,000    1,813,218 
HCP, Inc. 6.000%, 01/30/2017   1,344,000    1,363,222 
Welltower, Inc. 4.700%, 09/15/2017   2,900,000    2,986,449 
         7,736,942 
Telecommunication services - 2.4%          
AT&T, Inc. 1.051%, 03/30/2017 (P)   1,500,000    1,501,661 
Telefonica Emisiones SAU          
6.221%, 07/03/2017   2,746,000    2,842,297 
Verizon Communications, Inc.          
1.350%, 06/09/2017   3,000,000    3,003,663 
         7,347,621 
Utilities - 2.3%          
Duke Energy Corp. 1.034%, 04/03/2017 (P)   2,500,000    2,502,610 
Electricite de France SA          
1.150%, 01/20/2017 (S)   2,000,000    1,998,820 
1.156%, 01/20/2017 (P)(S)   2,822,000    2,823,301 
         7,324,731 
TOTAL CORPORATE BONDS (Cost $161,746,658)       $162,496,996 
           
COLLATERALIZED MORTGAGE          
OBLIGATIONS - 0.5%          
U.S. Government Agency - 0.5%          
Federal National Mortgage Association,          
Series 2013-10, Class FT          
0.875%, 04/25/2042 (P)   1,564,663    1,559,425 
TOTAL COLLATERALIZED MORTGAGE          
OBLIGATIONS (Cost $1,568,086)       $1,559,425 
           
ASSET BACKED SECURITIES - 18.6%          
American Express Credit Account          
Master Trust, Series 2014-2, Class A          
1.260%, 01/15/2020   3,945,000    3,952,923 
AmeriCredit Automobile Receivables Trust,          
Series 2016-2, Class A2A          
1.420%, 10/08/2019   3,000,000    3,003,785 
BA Credit Card Trust, Series 2014-A2,          
Class A 0.794%, 09/16/2019 (P)   3,075,000    3,077,459 

 

The accompanying notes are an integral part of the financial statements.

297

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Ultra Short Term Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
ASSET BACKED SECURITIES (continued)          
Cabela’s Credit Card Master Note Trust,          
Series 2012-2A, Class A2          
1.004%, 06/15/2020 (P)(S)  $1,000,000   $999,500 
Capital One Multi-Asset Execution Trust          
Series 2007-A1, Class A1,          
0.574%, 11/15/2019 (P)   3,000,000    3,000,000 
Series 2014-A2, Class A2,          
1.260%, 01/15/2020   1,500,000    1,502,164 
CarMax Auto Owner Trust          
Series 2013-1, Class A4,          
0.890%, 08/17/2018   798,161    797,865 
Series 2013-3, Class A3,          
0.970%, 04/16/2018   277,517    277,545 
Series 2014-1, Class A3,          
0.790%, 10/15/2018   766,897    766,455 
Chase Issuance Trust          
Series 2012-A2, Class A2,          
0.794%, 05/15/2019 (P)   1,000,000    1,000,935 
Series 2014-A1, Class A1,          
1.150%, 01/15/2019   3,000,000    3,001,801 
Citibank Credit Card Issuance Trust,          
Series 2014-A4, Class A4          
1.230%, 04/24/2019   4,496,000    4,503,392 
CNH Equipment Trust          
Series 2014-C, Class A3,          
1.050%, 11/15/2019   2,659,847    2,658,422 
Series 2016-B, Class A2A,          
1.310%, 10/15/2019   1,800,000    1,802,046 
Discover Card Execution Note Trust          
Series 2014-A2, Class A2,          
1.017%, 08/15/2019 (P)   2,910,000    2,911,519 
Series 2014-A3, Class A3,          
1.220%, 10/15/2019   1,500,000    1,502,171 
Ford Credit Auto Owner Trust          
Series 2013-D, Class A3,          
0.670%, 04/15/2018   392,210    391,920 
Series 2014-C, Class A3,          
1.060%, 05/15/2019   1,557,101    1,557,986 
Series 2015-A, Class A3,          
1.280%, 09/15/2019   3,417,000    3,424,519 
Honda Auto Receivables Owner Trust          
Series 2014-2, Class A3,          
0.770%, 03/19/2018   780,930    780,472 
Series 2014-3, Class A3,          
0.880%, 06/15/2018   931,400    931,138 
Series 2016-2, Class A2,          
1.130%, 09/17/2018   2,000,000    2,000,991 
Hyundai Auto Receivables Trust,          
Series 2014-A, Class A3          
0.790%, 07/16/2018   898,223    897,985 
Nissan Auto Receivables Owner Trust          
Series 2014-A, Class A3,          
0.720%, 08/15/2018   734,175    733,077 
Series 2016-A, Class A2A,          
1.060%, 02/15/2019   3,700,000    3,701,627 
Santander Drive Auto Receivables Trust,          
Series 2016-2, Class A2A          
1.380%, 07/15/2019   3,000,000    3,004,618 
Toyota Auto Receivables Owner Trust          
Series 2013-A, Class A4,          
0.690%, 11/15/2018   1,017,575    1,017,276 
Series 2013-B, Class A4,          
1.460%, 01/15/2019   3,558,782    3,565,985 

 

Ultra Short Term Bond Trust (continued)

 

     Shares or
Principal
Amount		   Value 
           
ASSET BACKED SECURITIES (continued)          
Volkswagen Auto Lease Trust, Series 2015-A,          
Class A2A 0.870%, 06/20/2017  $226,077   $226,068 
Volkswagen Auto Loan Enhanced Trust,          
Series 2013-2, Class A3          
0.700%, 04/20/2018   487,289    486,272 
Wheels SPV LLC, Series 2014-1A, Class A2          
0.840%, 03/20/2023 (S)   229,636    229,413 
TOTAL ASSET BACKED SECURITIES (Cost $57,710,478)       $57,707,329 
           
SHORT-TERM INVESTMENTS - 0.5%          
Repurchase agreement - 0.5%          
Barclays Tri-Party Repurchase Agreement          
dated 09/30/2016 at 0.420% to be          
repurchased at $1,605,056 on 10/03/2016,          
collateralized by $1,578,100 U.S. Treasury          
Inflation Indexed Notes, 0.125% due          
04/15/2021 (valued at $1,637,185,          
including interest)   1,605,000    1,605,000 
TOTAL SHORT-TERM INVESTMENTS (Cost $1,605,000)       $1,605,000 
Total Investments (Ultra Short Term Bond Trust)          
(Cost $302,162,762) - 97.4%       $302,569,756 
Other assets and liabilities, net - 2.6%        8,188,727 
TOTAL NET ASSETS - 100.0%       $310,758,483 

 

U.S. Equity Trust

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS - 99.2%          
Consumer discretionary - 12.9%          
Auto components - 1.7%          
Cooper Tire & Rubber Company   8,300   $315,566 
Cooper-Standard Holding, Inc. (I)   4,400    434,720 
Drew Industries, Inc.   6,400    627,328 
Gentex Corp.   27,900    489,924 
Lear Corp.   37,400    4,533,628 
Superior Industries International, Inc.   7,800    227,448 
The Goodyear Tire & Rubber Company   34,600    1,117,580 
Tower International, Inc.   18,100    436,210 
         8,182,404 
Automobiles - 0.4%          
Thor Industries, Inc.   19,300    1,634,710 
Diversified consumer services - 0.0%          
Apollo Education Group, Inc. (I)   5,200    41,340 
Bridgepoint Education, Inc. (I)   6,800    46,716 
         88,056 
Hotels, restaurants and leisure - 0.3%          
Marriott Vacations Worldwide Corp.   3,000    219,960 
Penn National Gaming, Inc. (I)   2,600    35,282 
Pinnacle Entertainment, Inc. (I)   7,400    91,316 
Texas Roadhouse, Inc.   15,400    601,062 
The Cheesecake Factory, Inc.   8,300    415,498 
Wyndham Worldwide Corp.   1,200    80,796 
         1,443,914 
Household durables - 0.7%          
Helen of Troy, Ltd. (I)   26,600    2,292,122 
Hooker Furniture Corp.   2,500    61,225 

 

The accompanying notes are an integral part of the financial statements.

298

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

U.S. Equity Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Household durables (continued)          
Tupperware Brands Corp.   10,700   $699,459 
WCI Communities, Inc. (I)   3,000    71,160 
         3,123,966 
Internet and direct marketing retail - 0.0%          
HSN, Inc.   100    3,980 
Leisure products - 0.5%          
Hasbro, Inc.   17,000    1,348,610 
Smith & Wesson Holding Corp. (I)   37,000    983,830 
         2,332,440 
Media - 2.6%          
Comcast Corp., Class A   46,600    3,091,444 
Gannett Company, Inc.   33,200    386,448 
Meredith Corp.   2,700    140,373 
News Corp., Class A   41,200    575,976 
Omnicom Group, Inc.   77,100    6,553,500 
Scripps Networks Interactive, Inc., Class A   4,000    253,960 
TEGNA, Inc.   12,900    281,994 
The Interpublic Group of Companies, Inc.   29,700    663,795 
         11,947,490 
Multiline retail - 0.4%          
Dillard’s, Inc., Class A   2,000    126,020 
Dollar General Corp.   10,400    727,896 
Macy’s, Inc.   29,400    1,089,270 
         1,943,186 
Specialty retail - 6.0%          
Bed Bath & Beyond, Inc.   82,800    3,569,508 
Best Buy Company, Inc.   5,000    190,900 
Express, Inc. (I)   34,400    405,576 
Foot Locker, Inc.   89,300    6,047,396 
Guess?, Inc.   49,000    715,890 
Lowe’s Companies, Inc.   26,500    1,913,565 
Murphy USA, Inc. (I)   17,783    1,268,995 
Penske Automotive Group, Inc.   1,300    62,634 
Rent-A-Center, Inc.   4,800    60,672 
The Cato Corp., Class A   2,300    75,647 
The Home Depot, Inc.   108,800    14,000,384 
         28,311,167 
Textiles, apparel and luxury goods - 0.3%          
Coach, Inc.   25,700    939,592 
Columbia Sportswear Company   3,000    170,220 
Fossil Group, Inc. (I)   1,500    41,655 
Michael Kors Holdings, Ltd. (I)   3,300    154,407 
Movado Group, Inc.   8,500    182,580 
Vera Bradley, Inc. (I)   7,500    113,625 
         1,602,079 
         60,613,392 
Consumer staples - 5.7%          
Beverages - 2.0%          
Dr. Pepper Snapple Group, Inc.   102,500    9,359,275 
Food and staples retailing - 1.1%          
Wal-Mart Stores, Inc.   72,000    5,192,640 
Food products - 2.1%          
Hormel Foods Corp.   44,400    1,684,092 
Ingredion, Inc.   58,300    7,757,398 
Omega Protein Corp. (I)   16,600    387,942 
         9,829,432 

 

U.S. Equity Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Household products - 0.1%          
Central Garden & Pet Company (I)   4,900   $127,400 
Tobacco - 0.4%          
Altria Group, Inc.   15,400    973,742 
Reynolds American, Inc.   6,700    315,905 
Universal Corp.   11,600    675,352 
         1,964,999 
         26,473,746 
Energy - 6.7%          
Energy equipment and services - 0.1%          
Atwood Oceanics, Inc.   11,400    99,066 
Ensco PLC, Class A   33,100    281,350 
Exterran Corp. (I)   3,800    59,584 
Hornbeck Offshore Services, Inc. (I)   10,000    55,000 
Unit Corp. (I)   8,100    150,660 
         645,660 
Oil, gas and consumable fuels - 6.6%          
California Resources Corp. (I)   9,600    120,000 
Chevron Corp.   64,471    6,635,355 
Denbury Resources, Inc. (I)   107,300    346,579 
Dorian LPG, Ltd. (I)   16,900    101,400 
Marathon Oil Corp.   277,900    4,393,599 
Murphy Oil Corp.   34,100    1,036,640 
REX American Resources Corp. (I)   1,600    135,616 
Tesoro Corp.   81,100    6,452,316 
Valero Energy Corp.   220,800    11,702,400 
         30,923,905 
         31,569,565 
Financials - 14.2%          
Banks - 4.4%          
Chemical Financial Corp.   12,400    547,212 
Citigroup, Inc.   116,100    5,483,403 
CNB Financial Corp.   2,400    50,784 
Fidelity Southern Corp.   1,400    25,746 
JPMorgan Chase & Co.   218,100    14,523,279 
         20,630,424 
Capital markets - 1.4%          
Ares Capital Corp.   1,400    21,700 
Arlington Asset Investment Corp., Class A   2,200    32,538 
BlackRock Capital Investment Corp.   18,100    149,868 
Capital Southwest Corp.   3,200    47,040 
Franklin Resources, Inc.   11,000    391,270 
Gladstone Investment Corp.   13,100    116,459 
Nasdaq, Inc.   43,600    2,944,744 
Solar Capital, Ltd.   1,500    30,780 
T. Rowe Price Group, Inc.   40,400    2,686,600 
         6,420,999 
Consumer finance - 1.4%          
Capital One Financial Corp.   64,300    4,618,669 
FirstCash, Inc.   22,680    1,067,774 
PRA Group, Inc. (I)   14,100    487,014 
Regional Management Corp. (I)   5,600    121,240 
         6,294,697 
Insurance - 6.2%          
Aflac, Inc.   105,700    7,596,659 
American National Insurance Company   700    85,372 
Assured Guaranty, Ltd.   97,300    2,700,075 
Endurance Specialty Holdings, Ltd.   500    32,725 
Everest Re Group, Ltd.   12,100    2,298,637 

 

The accompanying notes are an integral part of the financial statements.

299

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

U.S. Equity Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Insurance (continued)          
FBL Financial Group, Inc., Class A   1,500   $95,955 
First American Financial Corp.   20,800    817,024 
HCI Group, Inc.   2,800    85,008 
Kemper Corp.   2,300    90,436 
Lincoln National Corp.   26,200    1,230,876 
Maiden Holdings, Ltd.   5,900    74,871 
MBIA, Inc. (I)   63,800    497,002 
Selective Insurance Group, Inc.   6,600    263,076 
The Hanover Insurance Group, Inc.   10,900    822,078 
The Navigators Group, Inc.   3,500    339,220 
The Travelers Companies, Inc.   103,800    11,890,290 
Third Point Reinsurance, Ltd. (I)   5,600    67,200 
W.R. Berkley Corp.   300    17,328 
         29,003,832 
Mortgage real estate investment trusts - 0.5%          
Apollo Commercial Real Estate Finance, Inc.   23,200    379,784 
Ares Commercial Real Estate Corp.   7,300    91,980 
ARMOUR Residential REIT, Inc.   66,300    1,494,402 
Chimera Investment Corp.   33,800    539,110 
         2,505,276 
Thrifts and mortgage finance - 0.3%          
Essent Group, Ltd. (I)   19,300    513,573 
First Defiance Financial Corp.   700    31,248 
Northwest Bancshares, Inc.   29,200    458,732 
Oritani Financial Corp.   4,900    77,028 
PennyMac Financial Services, Inc., Class A (I)   3,400    57,834 
Provident Financial Services, Inc.   1,500    31,845 
Walker & Dunlop, Inc. (I)   15,100    381,426 
         1,551,686 
         66,406,914 
Health care - 15.3%          
Biotechnology - 2.6%          
Gilead Sciences, Inc.   146,900    11,622,728 
PDL BioPharma, Inc.   197,600    661,960 
         12,284,688 
Health care providers and services - 5.8%          
Aetna, Inc.   51,300    5,922,585 
Anthem, Inc.   38,700    4,849,497 
Chemed Corp.   6,400    902,848 
Henry Schein, Inc. (I)   7,800    1,271,244 
Triple-S Management Corp., Class B (I)   2,400    52,632 
UnitedHealth Group, Inc.   99,122    13,877,080 
         26,875,886 
Pharmaceuticals - 6.9%          
Johnson & Johnson   147,700    17,447,801 
Pfizer, Inc.   437,100    14,804,577 
         32,252,378 
         71,412,952 
Industrials - 13.4%          
Aerospace and defense - 0.7%          
General Dynamics Corp.   13,500    2,094,660 
Northrop Grumman Corp.   6,100    1,305,095 
         3,399,755 
Air freight and logistics - 1.6%          
Atlas Air Worldwide Holdings, Inc. (I)   9,300    398,226 
Expeditors International of Washington, Inc.   18,000    927,360 

 

U.S. Equity Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Air freight and logistics (continued)          
United Parcel Service, Inc., Class B   56,800   $6,211,648 
         7,537,234 
Airlines - 2.2%          
Alaska Air Group, Inc.   36,200    2,384,132 
Delta Air Lines, Inc.   130,600    5,140,416 
JetBlue Airways Corp. (I)   127,000    2,189,480 
SkyWest, Inc.   17,700    467,457 
         10,181,485 
Commercial services and supplies - 1.4%          
ACCO Brands Corp. (I)   50,000    482,000 
Cintas Corp.   33,500    3,772,100 
Deluxe Corp.   17,000    1,135,940 
Ennis, Inc.   7,840    132,104 
KAR Auction Services, Inc.   19,100    824,356 
         6,346,500 
Construction and engineering - 0.1%          
Argan, Inc.   1,300    76,947 
Tutor Perini Corp. (I)   7,800    167,466 
         244,413 
Electrical equipment - 1.6%          
Emerson Electric Company   112,100    6,110,571 
Rockwell Automation, Inc.   12,300    1,504,782 
         7,615,353 
Industrial conglomerates - 3.5%          
3M Company   64,300    11,331,589 
Honeywell International, Inc.   44,600    5,199,914 
         16,531,503 
Machinery - 1.3%          
AGCO Corp.   30,100    1,484,532 
Briggs & Stratton Corp.   9,300    173,445 
Douglas Dynamics, Inc.   5,915    188,925 
Snap-on, Inc.   24,400    3,707,824 
SPX Corp. (I)   6,200    124,868 
SPX FLOW, Inc. (I)   7,500    231,900 
Wabash National Corp. (I)   21,000    299,040 
         6,210,534 
Marine - 0.1%          
Matson, Inc.   9,430    376,068 
Professional services - 0.6%          
CRA International, Inc. (I)   1,900    50,521 
Equifax, Inc.   11,500    1,547,670 
Korn/Ferry International   44,824    941,304 
TrueBlue, Inc. (I)   10,000    226,600 
         2,766,095 
Road and rail - 0.3%          
Werner Enterprises, Inc.   51,000    1,186,770 
Trading companies and distributors - 0.0%          
WESCO International, Inc. (I)   1,900    116,831 
         62,512,541 
Information technology - 22.9%          
Communications equipment - 3.1%          
Cisco Systems, Inc.   435,319    13,808,319 
F5 Networks, Inc. (I)   6,100    760,304 
         14,568,623 
Electronic equipment, instruments and components - 2.7%             
Arrow Electronics, Inc. (I)   76,200    4,874,514 

 

The accompanying notes are an integral part of the financial statements.

300

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

U.S. Equity Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Electronic equipment, instruments and          
components (continued)          
Avnet, Inc.   90,700   $3,724,142 
ePlus, Inc. (I)   2,900    273,789 
Ingram Micro, Inc., Class A   13,500    481,410 
Insight Enterprises, Inc. (I)   4,600    149,730 
Jabil Circuit, Inc.   44,900    979,718 
Sanmina Corp. (I)   26,100    743,067 
Tech Data Corp. (I)   15,800    1,338,418 
         12,564,788 
Internet software and services - 0.0%          
Blucora, Inc. (I)   4,600    51,520 
IT services - 7.8%          
Accenture PLC, Class A   46,000    5,619,820 
Amdocs, Ltd.   65,700    3,800,745 
Booz Allen Hamilton Holding Corp.   39,100    1,235,951 
Broadridge Financial Solutions, Inc.   16,700    1,132,093 
CACI International, Inc., Class A (I)   5,300    534,770 
Convergys Corp.   52,300    1,590,966 
CSG Systems International, Inc.   6,900    285,177 
Fiserv, Inc. (I)   46,900    4,665,143 
IBM Corp.   76,202    12,104,688 
Jack Henry & Associates, Inc.   5,400    461,970 
Paychex, Inc.   82,900    4,797,423 
Sykes Enterprises, Inc. (I)   6,100    171,593 
Xerox Corp.   13,800    139,794 
         36,540,133 
Semiconductors and semiconductor equipment - 5.0%          
Intel Corp.   415,600    15,688,900 
QUALCOMM, Inc.   109,202    7,480,337 
Rudolph Technologies, Inc. (I)   5,000    88,700 
         23,257,937 
Software - 1.3%          
Activision Blizzard, Inc.   54,200    2,401,060 
CA, Inc.   19,600    648,368 
Citrix Systems, Inc. (I)   16,100    1,372,042 
Microsoft Corp.   30,900    1,779,840 
Zix Corp. (I)   8,600    35,260 
         6,236,570 
Technology hardware, storage and peripherals - 3.0%          
Apple, Inc.   106,420    12,030,781 
HP, Inc.   137,000    2,127,610 
         14,158,391 
         107,377,962 
Materials - 3.4%          
Chemicals - 2.4%          
LyondellBasell Industries NV, Class A   130,900    10,558,394 
The Chemours Company   19,000    304,000 
Tronox, Ltd., Class A   19,300    180,841 
         11,043,235 
Containers and packaging - 1.0%          
AptarGroup, Inc.   8,500    657,985 
Avery Dennison Corp.   52,500    4,083,975 
         4,741,960 
Metals and mining - 0.0%          
Ryerson Holding Corp. (I)   7,400    83,546 
         15,868,741 

 

U.S. Equity Trust (continued)

 

     Shares or
Principal
Amount		   Value
COMMON STOCKS (continued)          
Real estate - 0.3%          
Real estate management and development - 0.3%          
Altisource Portfolio Solutions SA (I)   6,200   $200,880 
Jones Lang LaSalle, Inc.   10,800    1,228,932 
         1,429,812 
         1,429,812 
Telecommunication services - 3.3%          
Diversified telecommunication services - 3.3%          
FairPoint Communications, Inc. (I)   4,200    63,126 
Verizon Communications, Inc.   295,200    15,344,496 
Vonage Holdings Corp. (I)   2,000    13,220 
         15,420,842 
Wireless telecommunication services - 0.0%          
NII Holdings, Inc. (I)   38,400    127,872 
Spok Holdings, Inc.   1,200    21,384 
United States Cellular Corp. (I)   1,700    61,778 
         211,034 
         15,631,876 
Utilities - 1.1%          
Electric utilities - 0.2%          
IDACORP, Inc.   12,400    970,672 
Gas utilities - 0.1%          
Atmos Energy Corp.   3,400    253,198 
Independent power and renewable electricity producers - 0.3%          
Talen Energy Corp. (I)   117,019    1,620,713 
Multi-utilities - 0.5%          
Ameren Corp.   4,500    221,310 
Avista Corp.   7,700    321,783 
DTE Energy Company   11,900    1,114,673 
SCANA Corp.   10,800    781,596 
         2,439,362 
         5,283,945 
TOTAL COMMON STOCKS (Cost $440,234,634)       $464,581,446 
           
RIGHTS - 0.0%          
Community Health Systems, Inc. (I)(N)   23,900    215 
TOTAL RIGHTS (Cost $1,554)       $215 
           
SHORT-TERM INVESTMENTS - 0.8%          
Money market funds - 0.8%          
State Street Institutional Treasury Money          
Market Fund, Premier Class, 0.1912% (Y)   3,908,481   $3,908,481 
TOTAL SHORT-TERM INVESTMENTS (Cost $3,908,481)       $3,908,481 
Total Investments (U.S. Equity Trust)          
(Cost $444,144,669) - 100.0%       $468,490,142 
Other assets and liabilities, net - 0.0%        (66,340)
TOTAL NET ASSETS - 100.0%       $468,423,802 

 

The accompanying notes are an integral part of the financial statements.

301

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Utilities Trust

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS - 86.9%          
Consumer discretionary - 6.9%          
Media - 6.9%          
Altice NV, Class A (I)(L)   104,181   $1,865,831 
Charter Communications, Inc., Class A (I)   41,145    11,107,916 
Comcast Corp., Class A   119,614    7,935,193 
Grupo Televisa SAB, ADR   43,996    1,130,257 
Liberty Global PLC LiLAC, Series C (I)   7,851    220,221 
Liberty Global PLC, Series C (I)   48,868    1,614,599 
NOS SGPS SA   78,098    531,431 
         24,405,448 
Energy - 15.0%          
Oil, gas and consumable fuels - 15.0%          
Cheniere Energy, Inc. (I)   29,001    1,264,444 
Enable Midstream Partners LP   61,172    932,873 
Enbridge, Inc.   140,486    6,174,338 
Energy Transfer Partners LP   176,809    6,541,933 
Enterprise Products Partners LP   275,299    7,606,511 
EQT GP Holdings LP   33,626    843,004 
EQT Midstream Partners LP   56,885    4,334,068 
JP Energy Partners LP   45,467    336,456 
Plains All American Pipeline LP   31,263    981,971 
Plains GP Holdings LP, Class A   220,099    2,848,081 
SemGroup Corp., Class A   45,440    1,606,758 
Shell Midstream Partners LP   60,543    1,942,219 
Sunoco Logistics Partners LP   194,206    5,517,392 
Tallgrass Energy GP LP   69,509    1,671,691 
The Williams Companies, Inc.   110,153    3,385,002 
TransCanada Corp. (L)   37,193    1,766,451 
Western Gas Equity Partners LP   41,740    1,773,533 
Williams Partners LP   102,443    3,809,855 
         53,336,580 
         53,336,580 
Industrials - 0.5%          
Commercial services and supplies - 0.5%          
Covanta Holding Corp.   120,528    1,854,926 
Real estate - 1.6%          
Equity real estate investment trusts - 1.6%          
American Tower Corp.   49,207    5,576,629 
Telecommunication services - 9.7%          
Diversified telecommunication services - 6.7%          
Bezeq The          
Israeli Telecommunication Corp., Ltd.   1,000,746    1,888,189 
Bharti Infratel, Ltd.   73,392    406,490 
BT Group PLC   537,900    2,706,346 
Com Hem Holding AB   673,241    6,212,931 
Frontier Communications Corp.   43,978    182,948 
Hellenic Telecommunications Organization SA   261,761    2,297,165 
Koninklijke KPN NV   105,526    350,108 
Orange SA   11,490    180,020 
SBA Communications Corp., Class A (I)   35,099    3,936,704 
SFR Group SA   50,760    1,495,160 
TDC A/S (I)   484,613    2,854,067 
TELUS Corp.   33,644    1,110,140 
         23,620,268 
Wireless telecommunication services - 3.0%          
Advanced Info Service PCL   311,000    1,441,247 
KDDI Corp.   87,200    2,701,630 
Mobile TeleSystems PJSC, ADR   265,929    2,029,038 
Vodafone Group PLC   1,070,213    3,069,288 

 

Utilities Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Wireless telecommunication services (continued)          
XL Axiata Tbk PT (I)   6,823,750   $1,414,746 
         10,655,949 
         34,276,217 
Utilities - 53.2%          
Electric utilities - 28.7%          
American Electric Power Company, Inc.   116,003    7,448,553 
Avangrid, Inc.   63,608    2,657,542 
CLP Holdings, Ltd.   18,000    186,427 
CPFL Energia SA   149,744    1,113,819 
Edison International   38,470    2,779,458 
EDP - Energias de Portugal SA   2,389,731    8,019,950 
EDP - Energias do Brasil SA   170,590    754,296 
Enel SpA   2,083,821    9,287,005 
Enersis Chile SA   67,860    322,335 
Exelon Corp.   471,092    15,682,653 
FirstEnergy Corp.   107,814    3,566,487 
Great Plains Energy, Inc.   54,740    1,493,855 
Iberdrola SA   603,898    4,106,144 
NextEra Energy, Inc.   137,805    16,856,308 
PG&E Corp.   134,835    8,247,857 
PPL Corp.   357,653    12,364,064 
SSE PLC   208,982    4,243,525 
The Southern Company   48,359    2,480,817 
         101,611,095 
Gas utilities - 1.3%          
China Gas Holdings, Ltd.   130,000    206,838 
China Resources Gas Group, Ltd.   1,258,000    4,320,675 
Infraestructura Energetica Nova SAB de CV   44,363    172,810 
         4,700,323 
Independent power and renewable electricity          
producers - 13.7%          
AES Corp.   605,290    7,777,977 
Calpine Corp. (I)   656,186    8,294,191 
China Longyuan Power Group Corp., H Shares   2,545,000    2,085,345 
Dynegy, Inc. (I)   438,727    5,435,828 
EDP Renovaveis SA   1,390,065    11,153,807 
Engie Brasil Energia SA   125,200    1,482,158 
NextEra Energy Partners LP   118,280    3,308,292 
NRG Energy, Inc.   352,680    3,953,543 
NRG Yield, Inc., Class A   144,768    2,362,614 
NRG Yield, Inc., Class C   128,504    2,179,428 
NTPC, Ltd.   159,793    357,581 
         48,390,764 
Multi-utilities - 9.5%          
Ameren Corp.   94,473    4,646,182 
Dominion Resources, Inc.   29,513    2,191,931 
DTE Energy Company   45,281    4,241,471 
Engie SA   244,161    3,785,642 
NorthWestern Corp.   22,518    1,295,461 
Public Service Enterprise Group, Inc.   57,032    2,387,930 
Sempra Energy   117,618    12,607,473 
Suez   116,745    1,929,236 
Veolia Environnement SA   16,492    380,002 
         33,465,328 
Water utilities - 0.0%          
Cia de Saneamento Basico do Estado de          
Sao Paulo   12,100    112,325 
         188,279,835 
TOTAL COMMON STOCKS (Cost $313,812,262)       $307,729,635 

 

The accompanying notes are an integral part of the financial statements.

302

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Utilities Trust (continued)

 

     Shares or
Principal
Amount		   Value
PREFERRED SECURITIES - 8.9%          
Energy - 1.2%          
Oil, gas and consumable fuels - 1.2%          
Anadarko Petroleum Corp., 7.500%   62,813   $2,616,161 
Kinder Morgan, Inc., 9.750% (L)   28,777    1,440,864 
         4,057,025 
Real estate - 0.5%          
Equity real estate investment trusts - 0.5%          
American Tower Corp.   16,542    1,812,838 
Telecommunication services - 0.8%          
Diversified telecommunication services - 0.8%          
Frontier Communications Corp., 11.125%   35,416    2,971,757 
Utilities - 6.4%          
Electric utilities - 4.3%          
Cia Paranaense de Energia, B Shares   87,000    899,654 
Exelon Corp., 6.500%   174,156    8,140,051 
Great Plains Energy, Inc., 7.000%   22,840    1,176,032 
NextEra Energy, Inc., 6.371%   32,851    1,939,523 
NextEra Energy, Inc., 6.123%   59,610    2,968,578 
         15,123,838 
Independent power and renewable electricity producers - 0.9%          
Dynegy, Inc., 5.375% (L)   44,486    2,036,124 
Dynegy, Inc., 7.000%   13,196    1,068,876 
Multi-utilities - 1.2%          
Dominion Resources, Inc., 6.375%   51,179    2,546,667 
Dominion Resources, Inc., 6.750%   35,378    1,765,362 
         4,312,029 
         22,540,867 
TOTAL PREFERRED SECURITIES (Cost $34,556,010)       $31,382,487 
           
SECURITIES LENDING COLLATERAL - 1.3%          
John Hancock Collateral Trust,          
0.6548% (W)(Y)   483,024    4,833,424 
TOTAL SECURITIES LENDING          
COLLATERAL (Cost $4,833,425)       $4,833,424 
           
SHORT-TERM INVESTMENTS - 4.3%          
Commercial paper - 4.0%          
GE Capital Treasury          
0.340%, 10/03/2016*  $14,074,000   $14,073,606 
U.S. Government Agency - 0.1%          
Federal Home Loan Bank Discount Note          
0.100%, 10/03/2016*   370,000    370,000 
Repurchase agreement - 0.2%          
Repurchase Agreement with State Street Corp.          
dated 09/30/2016 at 0.030% to be          
repurchased at $656,002 on 10/03/2016,          
collateralized by $610,000 U.S. Treasury          
Notes, 3.500% due 05/15/2020 (valued at          
$672,525, including interest)   656,000    656,000 
TOTAL SHORT-TERM INVESTMENTS (Cost $15,099,732)       $15,099,606 
Total Investments (Utilities Trust)          
(Cost $368,301,429) - 101.4%       $359,045,152 
Other assets and liabilities, net - (1.4%)        (5,063,532)
TOTAL NET ASSETS - 100.0%       $353,981,620 

 

Value Trust

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS - 97.2%          
Consumer discretionary - 12.3%          
Auto components - 3.5%          
Johnson Controls International PLC   395,410   $18,398,427 
Hotels, restaurants and leisure - 3.1%          
Royal Caribbean Cruises, Ltd.   219,865    16,478,882 
Media - 2.4%          
TEGNA, Inc.   577,741    12,629,418 
Specialty retail - 3.3%          
Advance Auto Parts, Inc.   82,599    12,317,163 
Ascena Retail Group, Inc. (I)   900,353    5,032,973 
         17,350,136 
         64,856,863 
Consumer staples - 3.0%          
Food products - 3.0%          
ConAgra Foods, Inc.   327,595    15,433,000 
Energy - 7.5%          
Energy equipment and services - 3.9%          
Amec Foster Wheeler PLC   863,165    6,402,930 
Amec Foster Wheeler PLC, ADR   37,647    279,717 
Baker Hughes, Inc.   271,194    13,687,161 
         20,369,808 
Oil, gas and consumable fuels - 3.6%          
Devon Energy Corp.   434,585    19,169,544 
         39,539,352 
Financials - 19.8%          
Banks - 9.2%          
BB&T Corp.   401,222    15,134,094 
Comerica, Inc.   237,089    11,219,051 
Wintrust Financial Corp.   290,511    16,143,696 
Zions Bancorporation   187,147    5,805,300 
         48,302,141 
Capital markets - 2.0%          
Stifel Financial Corp. (I)   283,630    10,905,574 
Insurance - 8.6%          
Arthur J. Gallagher & Company   245,130    12,469,767 
FNF Group   422,731    15,603,001 
Willis Towers Watson PLC   128,702    17,087,765 
         45,160,533 
         104,368,248 
Health care - 9.3%          
Health care providers and services - 9.3%          
AmerisourceBergen Corp.   124,323    10,042,812 
Brookdale Senior Living, Inc. (I)   639,840    11,165,208 
HealthSouth Corp.   328,618    13,332,032 
Universal Health Services, Inc., Class B   117,867    14,523,572 
         49,063,624 
         49,063,624 
Industrials - 14.0%          
Aerospace and defense - 3.1%          
Textron, Inc.   403,643    16,044,809 
Building products - 2.0%          
Owens Corning   201,255    10,745,004 
Commercial services and supplies - 1.9%          
Clean Harbors, Inc. (I)   212,433    10,192,535 

 

The accompanying notes are an integral part of the financial statements.

303

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

Value Trust (continued)

 

     Shares or
Principal
Amount		   Value 
COMMON STOCKS (continued)          
Construction and engineering - 2.5%          
Fluor Corp.   254,414   $13,056,526 
Electrical equipment - 0.7%          
Babcock & Wilcox Enterprises, Inc. (I)   209,093    3,450,035 
Machinery - 2.0%          
Ingersoll-Rand PLC   155,834    10,587,362 
Road and rail - 1.8%          
Swift Transportation Company (I)   449,203    9,644,388 
         73,720,659 
Information technology - 14.1%          
Communications equipment - 3.1%          
Ciena Corp. (I)   738,914    16,108,325 
Electronic equipment, instruments and components - 4.6%          
Keysight Technologies, Inc. (I)   425,973    13,499,084 
Zebra Technologies Corp., Class A (I)   152,205    10,594,990 
         24,094,074 
IT services - 2.5%          
Teradata Corp. (I)   428,542    13,284,802 
Software - 2.3%          
Citrix Systems, Inc. (I)   141,060    12,021,133 
Technology hardware, storage and peripherals - 1.6%          
Diebold, Inc.   341,463    8,464,868 
         73,973,202 
Materials - 6.6%          
Chemicals - 4.6%          
Eastman Chemical Company   209,234    14,160,957 
W.R. Grace & Company   138,741    10,239,086 
         24,400,043 
Construction materials - 2.0%          
Eagle Materials, Inc.   134,194    10,373,196 
         34,773,239 
Real estate - 5.6%          
Equity real estate investment trusts - 5.6%          
Forest City Realty Trust, Inc., Class A   827,090    19,130,592 
Kimco Realty Corp.   352,642    10,208,986 
         29,339,578 
         29,339,578 
Telecommunication services - 1.7%          
Diversified telecommunication services - 1.7%          
Level 3 Communications, Inc. (I)   193,355    8,967,805 
Utilities - 3.3%          
Electric utilities - 3.3%          
Edison International   168,545    12,177,376 
FirstEnergy Corp.   156,239    5,168,386 
         17,345,762 
         17,345,762 
TOTAL COMMON STOCKS (Cost $472,177,370)       $511,381,332 
           
SHORT-TERM INVESTMENTS - 1.9%          

 

Value Trust (continued)

 

     Shares or
Principal
Amount		   Value 
SHORT-TERM INVESTMENTS (continued)        
Money market funds - 1.9%        
State Street Institutional Liquid Reserves Fund,        
Premier Class, 0.3969% (Y)   10,108,428   $10,108,428 
TOTAL SHORT-TERM INVESTMENTS (Cost $10,108,428)       $10,108,428 
Total Investments (Value Trust) (Cost $482,285,798) - 99.1%       $521,489,760 
Other assets and liabilities, net - 0.9%        4,766,593 
TOTAL NET ASSETS - 100.0%       $526,256,353 

 

Percentages are based upon net assets.

 

Footnotes

 

Key to Currency Abbreviations

 

ARS Argentine Peso
AUD Australian Dollar
BRL Brazilian Real
CAD Canadian Dollar
CNY Chinese Yuan Renminbi
COP Colombian Peso
DKK Danish Krone
EUR Euro
GBP British Pound
HKD Hong Kong Dollar
IDR Indonesian Rupiah
INR Indian Rupee
JPY Japanese Yen
KRW Korean Won
MXN Mexican Peso
NOK Norwegian Krone
NZD New Zealand Dollar
PHP Philippine Peso
PLN Polish Zloty
RON Romanian New Leu
SEK Swedish Krona
SGD Singapore Dollar
THB Thai Baht
TRY Turkish Lira
TWD Taiwan New Dollar
USD United States Dollar
UYU Uruguayan Peso
ZAR South African Rand
   
Key to Security Abbreviations and Legend
   
ADR American Depositary Receipts
CMT Constant Maturity Treasury
ETF Exchange-Traded Fund
GO General Obligation
GDR Global Depositary Receipts
IO Interest-Only Security (Interest Tranche of Stripped Mortgage Pool). Rate shown is the effective yield at period end.
ISDAFIX International Swaps and Derivatives Association Fixed Interest Rate Swap Rate

 

The accompanying notes are an integral part of the financial statements.

304

John Hancock Variable Insurance Trust

PORTFOLIO OF INVESTMENTS — September 30, 2016 (unaudited) (showing percentage of total net assets)

 

LIBOR London Interbank Offered Rate
NVDR Non Voting Depositary Receipts
PIK Payment-in-kind
PO Principal-Only Security (Principal Tranche of Stripped Security). Rate shown is the annualized yield at the end of the period.
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.
(A) The subadvisor is an affiliate of the advisor.
(C) Security purchased or sold on a when-issued or delayed delivery basis.
(D) All or a portion of this security is segregated at the custodian as collateral for certain derivatives.
(G) The portfolio’s subadvisor is shown parenthetically.
(H) Non-income producing — Issuer and/or security is in default.
(I) Non-income producing security.
(L) A portion of the security is on loan as of September 30, 2016.
(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 advisor and/or the subadvisor.
(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 as 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, which is disclosed as TBD (To Be Determined).
(W) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.
(Y) The rate shown is the annualized seven-day yield as of September 30, 2016.
(Z) Zero coupon bonds are issued at a discount from their principal amount in lieu of paying interest periodically. Rate shown is the effective yield at period end.
* 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.

 

The accompanying notes are an integral part of the financial statements.

305
Investment companies  
Underlying Funds’ Investment Managers  
Baillie Gifford Overseas, Ltd. (Baillie Gifford)
Deutsche Investment Management Americas, Inc. (Deutsche)
Dimensional Fund Advisors, L.P. (DFA)
Franklin Advisers, Inc./Franklin Mutual Advisers, LLC (Franklin)
Grantham, Mayo, Van Otterloo & Co. LLC (GMO)
Invesco Advisers, Inc. (Invesco)
Jennison Associates LLC (Jennison)
John Hancock Asset Management (JHAM)
Pacific Investment Management Company, LLC (PIMCO)
QS Investors, LLC (QS Investors)
Standard Life Investments (Corporate Funds) Limited (Standard Life)
T. Rowe Price Associates, Inc. (T. Rowe Price)
Templeton Investment Counsel, LLC (Templeton)
Wellington Management Company, LLP (Wellington)
Wells Capital Management, Incorporated (Wells Capital)

 

The following portfolios had the following country composition as a percentage of net assets, unless otherwise indicated, on 9-30-16:

 

Alpha Opportunities Trust
United States 85.4%
Canada 2.6%
China 1.9%
Switzerland 1.8%
United Kingdom 1.7%
Ireland 1.6%
Other countries 5.0%
Total 100.0%

 

Capital Appreciation Trust
United States 86.4%
China 6.8%
Spain 2.5%
Germany 1.7%
Netherlands 1.4%
Other countries 1.2%
Total 100.0%

 

Capital Appreciation Value Trust
United States 89.1%
United Kingdom 5.7%
Netherlands 1.6%
Canada 1.0%
Other countries 2.6%
Total 100.0%

 

306

 

 

Financial Industries Trust
United States 83.6%
United Kingdom 4.7%
Switzerland 2.9%
Bermuda 2.5%
Denmark 2.0%
Ireland 1.2%
Other countries 3.1%
Total 100.0%

 

Fundamental Large Cap Value Trust
United States 88.6%
Ireland 2.3%
Netherlands 1.9%
Switzerland 1.4%
United Kingdom 1.4%
France 1.2%
South Korea 1.1%
Canada 1.1%
Belgium 1.0%
Total 100.0%

 

High Yield Trust
United States 84.0%
United Kingdom 2.6%
Luxembourg 2.4%
Canada 2.0%
Cayman Islands 2.0%
France 1.9%
Netherlands 1.2%
Other countries 3.9%
Total 100.0%

 

Income Trust
United States 83.2%
Netherlands 4.0%
United Kingdom 3.7%
France 2.1%
Germany 1.9%
Switzerland 1.3%
Luxembourg 1.0%
Other countries 2.8%
Total 100.0%

 

307

 

 

Investment Quality Bond Trust
(as a percentage of total investments)
United States 83.2%
Cayman Islands 8.9%
United Kingdom 1.5%
Other countries 6.4%
Total 100.0%

 

Mid Value Trust
United States 89.4%
Canada 4.2%
Bermuda 2.1%
Ireland 1.3%
Other countries 3.0%
Total 100.0%

 

Mutual Shares Trust
United States 77.0%
United Kingdom 6.9%
Switzerland 3.7%
Ireland 3.3%
Netherlands 2.4%
South Korea 1.4%
Bermuda 1.4%
Israel 1.0%
Finland 1.0%
Other countries 1.9%
Total 100.0%

 

Science & Technology Trust
United States 78.5%
China 8.3%
South Korea 2.3%
United Kingdom 1.8%
Switzerland 1.8%
Netherlands 1.7%
Singapore 1.6%
Japan 1.2%
Other countries 2.8%
Total 100.0%

 

Strategic Equity Allocation Trust
United States 67.6%
Japan 7.4%
United Kingdom 5.4%
Switzerland 3.2%
France 2.9%
Germany 2.8%
Australia 2.3%
Netherlands 1.3%
Hong Kong 1.0%
Other countries 6.1%
Total 100.0%

 

308

 

 

Strategic Income Opportunities Trust
United States 73.2%
Mexico 4.2%
New Zealand 3.4%
Australia 3.3%
Philippines 3.3%
Singapore 2.9%
Canada 2.9%
Sweden 1.8%
Indonesia 1.5%
Norway 1.3%
Other countries 2.2%
Total 100.0%

 

Utilities Trust
United States 72.2%
Spain 4.3%
United Kingdom 3.3%
Italy 2.6%
Canada 2.6%
Portugal 2.4%
France 2.2%
Sweden 1.8%
Hong Kong 1.3%
Brazil 1.2%
Other countries 6.1%
Total 100.0%

 

The following portfolios had the following sector composition as a percentage of net assets on 9-30-16:

 

Emerging Markets Value Trust
Financials 30.1%
Materials 14.2%
Energy 14.0%
Information technology 10.3%
Industrials 9.9%
Consumer discretionary 9.9%
Consumer staples 3.6%
Real estate 3.0%
Telecommunication services 2.6%
Utilities 1.5%
Health care 0.5%
Short-term investments and other 0.4%
Total 100.0%

 

309

 

 

Global Trust
Financials 25.7%
Health care 14.8%
Information technology 14.6%
Energy 12.7%
Consumer discretionary 9.6%
Industrials 7.7%
Telecommunication services 5.8%
Materials 4.8%
Consumer staples 1.8%
Short-term investments and others 2.5%
Total 100.0%

 

International Core Trust
Financials 18.0%
Consumer discretionary 15.7%
Industrials 12.9%
Consumer staples 8.8%
Telecommunication services 8.2%
Health care 7.2%
Energy 7.2%
Real estate 6.1%
Materials 5.6%
Information technology 4.2%
Utilities 4.0%
Short-term investments and other 2.1%
Total 100.0%

 

International Equity Index Trust B
Financials 21.2%
Industrials 11.6%
Consumer discretionary 11.3%
Consumer staples 10.9%
Information technology 9.3%
Health care 8.3%
Materials 7.4%
Energy 6.6%
Telecommunication services 4.8%
Real estate 3.3%
Utilities 3.3%
Short-term investments and others 2.0%
Total 100.0%

 

International Growth Stock Trust
Consumer discretionary 19.6%
Financials 17.5%
Information technology 17.2%
Industrials 13.0%
Consumer staples 9.1%
Health care 8.8%
Energy 4.5%
Materials 2.7%
Short-term investments and other 7.6%
Total 100.0%

 

310

 

 

International Small Company Trust
Industrials 25.1%
Consumer discretionary 16.3%
Materials 12.6%
Financials 10.2%
Information technology 9.5%
Consumer staples 7.0%
Health care 6.8%
Energy 4.2%
Real estate 3.6%
Utilities 2.9%
Telecommunication services 1.2%
Short-term investments and other 0.6%
Total 100.0%

 

International Value Trust
Financials 24.0%
Energy 20.3%
Health care 13.0%
Information technology 11.2%
Consumer discretionary 8.1%
Materials 7.9%
Industrials 7.3%
Telecommunication services 5.8%
Consumer staples 0.6%
Short-term investments and other 1.8%
Total 100.0%

 

311

 

 


John Hancock Variable Insurance Trust

Notes to Portfolio of Investments (unaudited)

 

Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 p.m., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the portfolios’ Valuation Policies and Procedures. The time at which shares and transactions are priced and until which orders are accepted may vary to the extent permitted by the Securities and Exchange Commission and applicable regulations.

 

In order to value the securities, the portfolios use the following valuation techniques: Equity securities, including exchange-traded funds, held by the portfolios are typically valued at the last sale price or official closing price on the exchange or principal market where the security was acquired or most likely will be sold. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the portfolios in open-end mutual funds, including John Hancock Collateral 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 vendor or from broker-dealers. Independent pricing vendors utilize matrix pricing which takes 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, as well as broker supplied prices. Options listed on an exchange are valued at the mean of the most recent bid and ask prices from the exchange where the option was acquired or most likely will be sold. Swaps and unlisted options are valued using evaluated prices obtained from an independent pricing vendor. Futures contracts are valued at settlement prices, which are the official closing prices published by the exchange on which they trade. Foreign index futures that trade in the electronic trading market subsequent to the close of regular trading and have sufficient liquidity will be valued at the last traded price in the electronic trading market as of 4:00 p.m ET. 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 vendor.

 

In certain instances, the Pricing Committee may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.

 

Securities in Money Market Trust are valued at amortized cost, in accordance with Rule 2a-7 under the 1940 Act, which approximates market value. The amortized cost method involves valuing a security at its cost on the date of purchase and thereafter assuming a constant amortization to maturity of the difference between the principal amount due at maturity and the cost of the security to the portfolio. This portfolio seeks to maintain a constant NAV per share of $1.00, but there can be no assurance that they will be able to do so.

 

Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the portfolios’ Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed. Trading in foreign securities may be completed before the scheduled daily close of trading on the NYSE. Significant events at the issuer or market level may affect the values of securities between the time when the valuation of the securities is generally determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by the portfolios’ Pricing Committee, following procedures established by the Board of Trustees. The portfolios use fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets 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. 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 and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

 

As of September 30, 2016, all investments of All Cap Core Trust, American Asset Allocation Trust, American Global Growth Trust, American Growth Trust, American Growth-Income Trust, American International Trust, American New World Trust, Franklin Templeton Founding Allocation Trust, Lifestyle Aggressive PS Series, Lifestyle Balanced PS Series, Lifestyle Conservative PS Series, Lifestyle Growth PS Series, Lifestyle Moderate PS Series, Small Company Growth Trust, Small Company Value Trust and U.S. Equity Trust are categorized as Level 1 under the hierarchy described above.

 

All investments of 500 Index Trust B and Mid Cap Index Trust are categorized as Level 1 under the hierarchy described above, except for repurchase agreements which are categorized as Level 2.

 

All investments of Money Market Trust, Short Term Government Income Trust and Ultra Short Term Bond Trust are categorized as Level 2 under the hierarchy described above.

 

All investments of Bond Trust are categorized as Level 2 under the hierarchy described above, except for securities lending collateral which is categorized as Level 1.

 

 

312

 

 

All investments of 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 of Total Bond Market Trust B are categorized as Level 2 under the hierarchy described above, except for securities lending collateral and money market funds which are categorized as Level 1.

 

All investments of Investment Quality Bond Trust are categorized as Level 2 under the hierarchy described above, except for securities lending collateral and futures which are categorized as Level 1.

 

All investments of New Income Trust are categorized as Level 2 under the hierarchy described above, except for money market funds and futures which are categorized as Level 1.

 

The following is a summary of the values by input classification of the portfolios’ investments as of September 30, 2016, by major security category or type:

 

    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Active Bond Trust                
U.S. Government and Agency obligations   $191,545,000   —   $191,545,000   —
Foreign government obligations   5,012,290   —   5,012,290   —
Corporate bonds   334,746,714   —   334,746,714   —
Capital preferred securities   4,736,458   —   4,736,458   —
Convertible bonds   279,122   —   279,122   —
Term loans   795,410   —   795,410   —
Municipal bonds   2,958,093   —   2,958,093   —
Collateralized mortgage obligations   122,146,433   —   122,146,433   —
Asset backed securities   68,083,392   —   68,083,392   —
Preferred securities   4,208,910   $3,657,067   551,241   $602
Securities lending collateral   6,182,022   6,182,022   —   —
Short-term investments   40,018,920   37,293,920   2,725,000   —
Total investments in securities   $780,712,764   $47,133,009   $733,579,153   $602

 

 

313

 

 

    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Alpha Opportunities Trust                
Common stocks                
Consumer discretionary   $63,917,957   $59,633,386   $4,111,576   $172,995
Consumer staples   33,945,579   30,738,060   3,207,519   —
Energy   27,293,205   27,137,571   155,634   —
Financials   87,792,966   83,398,677   4,394,289   —
Health care   81,984,136   79,037,763   2,946,373   —
Industrials   73,362,723   70,858,675   2,504,048   —
Information technology   95,831,377   88,782,912   7,048,465   —
Materials   20,979,227   17,928,613   3,050,614   —
Real estate   9,180,895   8,691,410   361,294   128,191
Telecommunication services   3,254,060   2,370,184   883,876   —
Utilities   8,814,740   8,814,740   —   —
Preferred securities   15,250,913   —   1,099,547   14,151,366
Corporate bonds   48,473   —   —   48,473
Exchange-traded funds   30,344,308   30,344,308   —   —
Securities lending collateral   9,298,053   9,298,053   —   —
Short-term investments   26,500,000   —   26,500,000   —
Total investments in securities   $587,798,612   $517,034,352   $56,263,235   $14,501,025
Other financial instruments:                
Forward foreign currency contracts   ($52)   —   ($52)   —
                 
                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Blue Chip Growth Trust                
Common stocks                
Consumer discretionary   $403,071,407   $403,071,407   —   —
Consumer staples   51,969,211   51,969,211   —   —
Financials   116,570,857   116,570,857   —   —
Health care   317,400,589   317,400,589   —   —
Industrials   120,357,854   120,357,854   —   —
Information technology   523,228,309   495,356,790   $27,871,519   —
Materials   11,862,170   11,862,170   —   —
Real estate   31,263,253   31,263,253   —   —
Utilities   1,895,960   1,895,960   —   —
Securities lending collateral   9,124,806   9,124,806   —   —
Short-term investments   12,379,811   12,379,811   —   —
Total investments in securities   $1,599,124,227   $1,571,252,708   $27,871,519   —
                 
                 

 

 

314

 

 

    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Capital Appreciation Trust                
Common stocks                
Consumer discretionary   $255,375,468   $217,258,282   $38,117,186   —
Consumer staples   30,818,752   30,818,752   —   —
Energy   20,875,332   20,875,332   —   —
Financials   19,103,277   19,103,277   —   —
Health care   124,506,865   124,506,865   —   —
Industrials   18,054,648   18,054,648   —   —
Information technology   401,667,569   372,498,558   29,169,011   —
Materials   4,574,228   4,574,228   —   —
Real estate   11,943,509   11,943,509   —   —
Securities lending collateral   3,313,874   3,313,874   —   —
Short-term investments   2,662,000   —   2,662,000   —
Total investments in securities   $892,895,522   $822,947,325   $69,948,197   —
                 
                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Capital Appreciation Value Trust                
Common stocks                
Consumer discretionary   $33,361,233   $33,088,067   $273,166   —
Consumer staples   35,199,163   35,199,163   —   —
Energy   2,252,412   2,252,412   —   —
Financials   32,563,378   31,028,160   1,535,218   —
Health care   70,750,531   70,750,531   —   —
Industrials   17,319,192   15,385,356   1,933,836   —
Information technology   34,131,504   34,131,504   —   —
Materials   2,523,932   2,523,932   —   —
Real estate   2,379,930   2,379,930   —   —
Telecommunication services   2,591,457   2,591,457   —   —
Utilities   9,456,350   9,456,350   —   —
Preferred securities   8,980,531   8,980,531   —   —
Corporate bonds   80,921,867   —   80,921,867   —
Convertible bonds   154,755   —   154,755   —
Term loans   13,424,275   —   13,424,275   —
Asset backed securities   896,875   —   896,875   —
Short-term investments   34,375,322   33,689,322   686,000   —
Total investments in securities   $381,282,707   $281,456,715   $99,825,992   —
Other financial instruments:                
Written options   ($1,764,719)   —   ($1,764,719)   —

 

 

315

 

 

    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Core Strategy Trust                
Affiliated investment companies                
Equity   $2,553,085,485   $2,553,085,485   —   —
Fixed income   1,082,423,580   1,082,423,580   —   —
Common stocks                
Consumer discretionary   4   —   —   $4
Consumer staples   752   —   $752   —
Health care   250   —   —   250
Industrials   62   —   —   62
Total investments in securities   $3,635,510,133   $3,635,509,065   $752   $316
                 
                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Emerging Markets Value Trust                
Common stocks                
Australia   $133,484   —   $133,484   —
Brazil   39,153,645   $39,153,645   —   —
Chile   9,471,519   2,520,908   6,950,611   —
China   92,879,945   7,185,107   85,466,690   $228,148
Colombia   3,559,643   3,559,643   —   —
Czech Republic   2,423,992   —   2,423,992   —
Greece   821,835   —   821,835   —
Hong Kong   21,208,749   1,780,375   19,216,960   211,414
Hungary   2,466,589   —   2,466,589   —
India   102,258,201   2,202,235   100,018,633   37,333
Indonesia   23,918,279   —   23,800,675   117,604
Malaysia   25,720,038   —   25,720,038   —
Mexico   39,040,740   39,040,364   —   376
Netherlands   5,400,643   —   5,400,643   —
Philippines   10,702,918   —   10,702,796   122
Poland   10,582,453   —   10,582,453   —
Russia   16,186,807   —   16,186,807   —
South Africa   56,754,124   12,455,110   44,283,418   15,596
South Korea   117,369,356   16,262,797   100,980,439   126,120
Taiwan   110,603,880   2,122,745   108,438,426   42,709
Thailand   23,671,695   —   23,671,695   —
Turkey   11,873,149   —   11,869,311   3,838
Ukraine   402,117   —   402,117   —
Preferred securities                
Brazil   24,348,792   24,348,792   —   —
Chile   29,170   —   29,170   —
Colombia   777,604   777,604   —   —
Panama   116,437   116,437   —   —
Rights   83,594   2,781   69,260   11,553
Warrants   52,136   52,136   —   —
Securities lending collateral   18,332,294   18,332,294   —   —
Short-term investments   353,191   353,191   —   —
Total investments in securities   $770,697,019   $170,266,164   $599,636,042   $794,813

 

 

316

 

 

    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Equity Income Trust                
Common stocks                
Consumer discretionary   $172,346,215   $172,346,215   —   —
Consumer staples   83,763,947   72,553,861   $11,210,086   —
Energy   179,808,573   152,359,899   27,448,674   —
Financials   352,254,683   346,459,768   5,794,915   —
Health care   149,667,139   139,741,814   9,925,325   —
Industrials   175,169,212   175,169,212   —   —
Information technology   182,867,383   182,867,383   —   —
Materials   78,492,746   78,492,746   —   —
Real estate   32,903,592   32,903,592   —   —
Telecommunication services   44,849,311   33,668,604   11,180,707   —
Utilities   130,026,329   130,026,329   —   —
Preferred securities   13,616,551   13,616,551   —   —
Corporate bonds   3,595,320   —   3,595,320   —
Securities lending collateral   1,794,511   1,794,511   —   —
Short-term investments   28,048,808   28,048,808   —   —
Total investments in securities   $1,629,204,320   $1,560,049,293   $69,155,027   —
                 
                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Financial Industries Trust                
Common stocks                
Financials   $129,850,666   $117,548,246   $12,302,420   —
Real estate   5,455,749   5,327,723   128,026   —
Preferred securities   478,395   —   478,395   —
Corporate bonds   3,538,109   —   3,538,109   —
Warrants   616,301   616,301   —   —
Short-term investments   2,967,987   —   2,967,987   —
Total investments in securities   $142,907,207   $123,492,270   $19,414,937   —

 

 

317

 

 

    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Fundamental All Cap Core Trust                
Common stocks                
Consumer discretionary   $413,977,284   $413,977,284   —   —
Consumer staples   117,896,666   80,507,634   $37,389,032   —
Energy   82,643,197   82,643,197   —   —
Financials   374,114,334   374,114,334   —   —
Health care   83,029,420   83,029,420   —   —
Industrials   132,863,984   132,863,984   —   —
Information technology   291,148,870   291,148,870   —   —
Materials   37,408,017   37,408,017   —   —
Real estate   27,075,217   27,075,217   —   —
Short-term investments   4,801,000   —   4,801,000   —
Total investments in securities   $1,564,957,989   $1,522,767,957   $42,190,032   —
                 
                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Fundamental Large Cap Value Trust                
Common stocks                
Consumer discretionary   $170,151,225   $170,151,225   —   —
Consumer staples   154,857,291   108,544,825   $46,312,466   —
Energy   154,700,255   154,700,255   —   —
Financials   463,702,512   463,702,512   —   —
Health care   127,993,590   127,993,590   —   —
Industrials   148,600,173   148,600,173   —   —
Information technology   211,632,106   195,692,217   15,939,889   —
Materials   44,793,312   44,793,312   —   —
Short-term investments   2,126,000   —   2,126,000   —
Total investments in securities   $1,478,556,464   $1,414,178,109   $64,378,355   —

 

 

318

 

 

    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Global Bond Trust                
U.S. Government and Agency obligations   $139,066,738   —   $139,066,738   —
Foreign government obligations   217,926,247   —   217,926,247   —
Corporate bonds   171,757,431   —   171,757,431   —
Term loans   2,315,374   —   2,315,374   —
Municipal bonds   576,717   —   576,717   —
Collateralized mortgage obligations   69,451,404   —   69,451,404   —
Asset backed securities   31,387,223   —   31,387,223   —
Common stocks   49,529   $49,529   —   —
Preferred securities   242,550   242,550   —   —
Escrow shares   812,630   —   812,630   —
Purchased options   101,448   8,609   92,839   —
Short-term investments   176,264,806   —   176,264,806   —
Total investments in securities   $809,952,097   $300,688   $809,651,409   —
Sale commitments outstanding   ($21,888,584)   —   ($21,888,584)   —
Other financial instruments:                
Futures   ($891,372)   ($891,372)   —   —
Forward foreign currency contracts   (3,052,361)   —   ($3,052,361)   —
Written options   (395,981)   —   (395,981)   —
Interest rate swaps   (13,109,429)   —   (13,109,429)   —
Credit default swaps   (2,186,153)   —   (2,186,153)   —
Currency swaps   (4,440,954)   —   (4,440,954)   —
Volatility swaps   77,174   —   77,174   —
                 
                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Global Trust                
Common stocks                
Brazil   $3,473,580   $3,473,580   —   —
China   9,637,263   3,258,394   $6,378,869   —
Denmark   1,126,602   —   1,126,602   —
France   36,240,446   —   36,240,446   —
Germany   28,736,047   —   28,736,047   —
Hong Kong   8,021,301   —   8,021,301   —
India   4,468,339   —   4,468,339   —
Ireland   12,460,985   4,758,912   7,702,073   —

 

 

319

 

 

    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Israel   13,871,555   13,871,555   —   —
Italy   11,254,744   —   11,254,744   —
Japan   28,758,123   —   28,758,123   —
Netherlands   36,713,875   —   36,713,875   —
Portugal   5,712,151   —   5,712,151   —
Russia   5,936,076   5,936,076   —   —
Singapore   9,886,163   —   9,886,163   —
South Korea   40,619,246   8,127,885   32,491,361   —
Spain   6,484,457   —   6,484,457   —
Sweden   13,060,092   —   13,060,092   —
Switzerland   24,481,230   —   24,481,230   —
Thailand   1,387,330   —   1,387,330   —
Turkey   5,176,293   5,176,293   —   —
United Kingdom   57,703,890   2,495,311   55,208,579   —
United States   185,974,531   185,974,531   —   —
Corporate bonds   6,325,088   —   6,325,088   —
Securities lending collateral   10,598,266   10,598,266   —   —
Short-term investments   13,200,000   —   13,200,000   —
Total investments in securities   $581,307,673   $243,670,803   $337,636,870   —
                 
                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Health Sciences Trust                
Common stocks                
Consumer discretionary   $161,902   —   —   $161,902
Consumer staples   5,931,130   $5,931,130   —   —
Health care   278,222,751   272,130,947   $5,245,648   846,156
Industrials   1,359,619   1,359,619   —   —
Preferred securities   1,521,066   912,831   38,785   569,450
Convertible bonds   448,145   —   448,145   —
Rights   4,550   4,550   —   —
Short-term investments   2,873,350   2,873,350   —   —
Total investments in securities   $290,522,513   $283,212,427   $5,732,578   $1,577,508
Other financial instruments:                
Written options   ($43,920)   ($43,920)   —   —

 

 

320

 

 

 

    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
High Yield Trust                
U.S. Government and Agency obligations   $2,529,785   —   $2,529,785   —
Foreign government obligations   1,591,113   —   1,591,113   —
Corporate bonds   217,547,224   —   216,482,748   $1,064,476
Capital preferred securities   800,000   —   800,000   —
Convertible bonds   1,754,273   —   1,754,273   —
Term loans   9,388,663   —   9,388,663   —
Collateralized mortgage obligations   909,836   —   909,836   —
Asset backed securities   4,941,177   —   4,941,177   —
Common stocks   4,910,798   $2,712,669   —   2,198,129
Preferred securities   3,165,854   3,165,854   —   —
Escrow certificates   500   —   —   500
Securities lending collateral   6,842,323   6,842,323   —   —
Short-term investments   1,581,585   1,581,585   —   —
Total investments in securities   $255,963,131   $14,302,431   $238,397,595   $3,263,105
Other financial instruments:                
Futures   $25,304   $25,304   —   —
Forward foreign currency contracts   1,290   —   $1,290   —
Credit default swaps   (248,903)   —   (248,903)   —
                 
                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Income Trust                
Common stocks   $165,334,197   $148,963,949   $16,370,248   —
Preferred securities   7,649,054   7,259,712   389,342   —
Corporate bonds   54,565,056   —   54,565,056   —
Convertible bonds   1,744,328   —   1,744,328   —
Securities lending collateral   8,439,313   8,439,313   —   —
Short-term investments   11,104,938   —   11,104,938   —
Total investments in securities   $248,836,886   $164,662,974   $84,173,912   —

 

 

321

 

 

 

                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
International Core Trust                
Common stocks                
Australia   $28,548,535   —   $28,548,535   —
Austria   3,572,694   —   3,572,694   —
Belgium   2,485,906   —   2,485,906   —
Canada   15,865,405   $15,865,405   —   —
China   859,929   —   859,929   —
Denmark   2,525,210   —   2,525,210   —
Faroe Islands   749,841   —   749,841   —
Finland   7,601,501   —   7,601,501   —
France   56,604,781   —   56,604,781   —
Germany   61,100,061   —   61,100,061   —
Hong Kong   23,103,819   —   23,103,819   —
Ireland   1,533,864   1,414,143   119,721   —
Isle of Man   36,102   —   36,102   —
Israel   9,286,931   4,218,143   5,068,788   —
Italy   15,101,753   —   15,101,753   —
Japan   151,676,016   —   151,676,016   —
Luxembourg   319,591   —   319,591   —
Malta   136,157   —   —   $136,157
Netherlands   20,971,695   —   20,971,695   —
New Zealand   923,513   —   923,513   —
Norway   9,175,902   —   9,175,902   —
Portugal   635,763   —   635,763   —
Singapore   1,951,775   —   1,951,775   —
Spain   15,396,803   —   15,396,803   —
Sweden   9,499,884   —   9,499,884   —
Switzerland   29,738,149   —   29,738,149   —
United Kingdom   86,965,137   1,280,017   85,685,120   —
Preferred securities   3,232,419   —   3,232,419   —
Short-term investments   4,919,160   4,919,160   —   —
Total investments in securities   $564,518,296   $27,696,868   $536,685,271   $136,157
Other financial instruments:                
Futures   ($5,783)   ($5,783)   —   —

 

 

322

 

 

 

                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
International Equity Index Trust B                
Common stocks                
Australia   $31,476,346   —   $31,476,346   —
Austria   748,893   —   748,893   —
Belgium   5,875,907   —   5,875,907   —
Brazil   6,213,988   $6,213,988   —   —
Canada   40,381,740   40,381,740   —   —
Chile   1,501,347   1,215,087   286,260   —
China   31,131,539   8,006,185   23,125,354   —
Colombia   672,748   672,748   —   —
Czech Republic   241,076   —   241,076   —
Denmark   7,304,841   —   7,304,841   —
Egypt   264,635   —   264,635   —
Finland   4,270,863   —   4,270,863   —
France   40,043,776   —   40,043,776   —
Germany   35,695,797   —   35,695,797   —
Greece   516,115   —   516,115   —
Hong Kong   20,462,604   102,862   20,347,859   $11,883
Hungary   430,730   —   430,730   —
India   11,215,493   2,804,752   8,410,741   —
Indonesia   3,745,682   11,828   3,733,854   —
Ireland   5,385,238   360,388   5,024,850   —
Israel   2,941,263   647,750   2,293,513   —
Italy   7,178,134   —   7,178,134   —
Japan   100,637,122   —   100,637,122   —
Jersey, Channel Islands   316,305   —   316,305   —
Jordan   125,906   —   125,906   —
Luxembourg   1,109,261   —   1,109,261   —
Macau   554,533   —   554,533   —
Malaysia   3,793,410   —   3,793,410   —
Malta   130,651   —   113,246   17,405
Mexico   5,487,771   5,311,697   176,074   —
Netherlands   18,258,283   1,006,737   17,251,546   —
New Zealand   788,282   —   788,282   —
Norway   2,802,592   —   2,802,592   —
Peru   480,481   480,481   —   —
Philippines   1,848,790   —   1,848,790   —
Poland   1,500,169   —   1,500,169   —
Portugal   618,314   —   618,314   —
Romania   87,095   —   87,095   —
Russia   4,929,814   3,844,617   1,085,197   —
Singapore   5,615,106   —   5,615,106   —
South Africa   9,476,944   —   9,475,763   1,181
South Korea   19,542,620   242,601   19,300,019   —
Spain   12,506,161   82,196   12,423,965   —
Sweden   11,539,425   —   11,539,425   —
Switzerland   39,521,244   —   39,521,244   —
Taiwan   14,471,528   —   14,471,528   —
Thailand   2,880,102   —   2,880,102   —
Turkey   1,579,720   —   1,579,720   —
United Kingdom   69,264,287   4,913   69,259,374   —
United States   613,359   284,618   328,741   —

 

 

323

 

 

 

                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Preferred securities                
Brazil   3,613,761   3,613,761   —   —
Germany   2,272,830   —   2,272,830   —
South Korea   985,457   —   985,457   —
Spain   13,676   —   13,676   —
Rights   9,681   —   7,776   1,905
Securities lending collateral   6,971,911   6,971,911   —   —
Short-term investments   3,169,307   3,169,307   —   —
Total investments in securities   $605,214,653   $85,430,167   $519,752,112   $32,374
Other financial instruments:                
Futures   $33,415   $39,348   ($5,933)   —
                 
                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
International Growth Stock Trust                
Common stocks                
Australia   $16,922,320   —   $16,922,320   —
Brazil   6,457,151   $6,457,151   —   —
Canada   36,877,473   36,877,473   —   —
China   3,650,686   3,650,686   —   —
Denmark   9,955,597   —   9,955,597   —
France   16,772,040   —   16,772,040   —
Germany   37,018,144   —   37,018,144   —
Hong Kong   15,938,216   —   15,938,216   —
Israel   9,424,458   9,424,458   —   —
Japan   33,169,470   —   33,169,470   —
Mexico   11,695,915   11,695,915   —   —
Netherlands   7,059,203   —   7,059,203   —
Singapore   13,702,075   10,250,276   3,451,799   —
South Korea   3,458,354   —   3,458,354   —
Spain   6,067,451   —   6,067,451   —
Sweden   18,859,921   —   18,859,921   —
Switzerland   27,906,960   —   27,906,960   —
Taiwan   11,233,132   —   11,233,132   —
Thailand   6,475,506   —   6,475,506   —
Turkey   4,163,106   —   4,163,106   —
United Kingdom   80,706,948   —   80,706,948   —
Short-term investments   28,144,146   28,144,146   —   —
Total investments in securities   $405,658,272   $106,500,105   $299,158,167   —

 

 

324

 

 

 

                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
International Small Company Trust                
Common stocks                
Australia   $7,978,465   $95,801   $7,874,141   $8,523
Austria   1,481,363   —   1,481,363   —
Belgium   2,070,173   —   2,070,173   —
Bermuda   223,919   —   223,919   —
Cambodia   68,646   —   68,646   —
Canada   9,432,422   9,420,196   11,939   287
China   63,680   30,584   33,096   —
Denmark   2,699,555   —   2,699,555   —
Faroe Islands   91,199   —   91,199   —
Finland   3,253,209   —   3,253,209   —
France   5,504,075   —   5,504,075   —
Gabon   2,833   —   2,833   —
Georgia   9,496   —   9,496   —
Germany   7,256,993   —   7,256,993   —
Gibraltar   35,141   —   35,141   —
Greece   152   —   —   152
Guernsey, Channel Islands   3,199   —   3,199   —
Hong Kong   3,559,666   11,362   3,541,144   7,160
India   20,174   —   20,174   —
Ireland   803,412   —   803,412   —
Isle of Man   306,023   —   306,023   —
Israel   688,447   6,179   682,268   —
Italy   4,110,867   —   4,110,867   —
Japan   25,789,382   —   25,789,382   —
Jersey, Channel Islands   260,119   —   260,119   —
Liechtenstein   51,169   —   51,169   —
Luxembourg   593,202   —   593,202   —
Macau   12,824   —   12,824   —
Malta   101,265   —   101,265   —
Monaco   61,819   61,819   —   —
Mongolia   14,139   —   14,139   —
Netherlands   2,059,511   —   2,059,511   —
New Zealand   1,440,916   —   1,440,916   —
Norway   895,925   —   895,925   —
Peru   62,122   —   62,122   —
Portugal   344,212   —   344,212   —
Russia   27,389   —   27,389   —
Singapore   1,075,809   —   1,074,610   1,199
South Africa   67,989   —   67,989   —
Spain   2,644,170   —   2,644,170   —
Sweden   3,824,574   —   3,824,574   —
Switzerland   5,982,251   37,531   5,944,720   —
United Arab Emirates   29,561   —   29,561   —
United Kingdom   17,286,532   13,301   17,272,497   734
United States   227,324   75,392   151,932   —
Preferred securities   369,921   —   369,921   —
Rights   2,917   —   2,917   —
Warrants   23   23   —   —
Securities lending collateral   1,203,391   1,203,391   —   —
Short-term investments   96,127   96,127   —   —
Total investments in securities   $114,187,692   $11,051,706   $103,117,931   $18,055

 

 

325

 

 

 

                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
International Value Trust                
Common stocks                
Australia   $15,858,017   —   $15,858,017   —
Belgium   5,446,296   —   5,446,296   —
Canada   57,674,569   $57,674,569   —   —
China   59,554,318   21,751,345   37,802,973   —
France   69,695,161   —   69,695,161   —
Germany   49,759,127   —   49,759,127   —
Hong Kong   25,521,000   —   25,521,000   —
India   12,226,215   —   12,226,215   —
Israel   13,422,221   13,422,221   —   —
Italy   16,014,233   —   16,014,233   —
Japan   41,243,681   —   41,243,681   —
Luxembourg   6,957,787   —   6,957,787   —
Mexico   4,158,920   4,158,920   —   —
Netherlands   59,034,934   —   59,034,934   —
Norway   7,296,718   —   7,296,718   —
Singapore   8,383,931   —   8,383,931   —
South Africa   3,082,481   —   3,082,481   —
South Korea   115,819,724   25,088,280   90,731,444   —
Spain   4,855,912   —   4,855,912   —
Sweden   5,079,173   —   5,079,173   —
Switzerland   61,078,828   —   61,078,828   —
Taiwan   10,265,014   —   10,265,014   —
Thailand   9,217,818   —   9,217,818   —
United Kingdom   110,839,289   —   110,839,289   —
United States   29,148,179   29,148,179   —   —
Securities lending collateral   27,607,174   27,607,174   —   —
Short-term investments   10,100,000   —   10,100,000   —
Total investments in securities   $839,340,720   $178,850,688   $660,490,032   —
                 
                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Lifestyle Aggressive MVP                
Affiliated investment companies   $351,738,334   $351,738,334   —   —
Short-term investments   2,514,256   —   $2,514,256   —
Total investments in securities   $354,252,590   $351,738,334   $2,514,256   —
Other financial instruments:                
Futures   ($1,393,161)   ($1,402,794)   $9,633   —
                 
                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Lifestyle Balanced MVP                
Affiliated investment companies   $8,058,736,472   $8,058,736,472   —   —
Short-term investments   49,478,808   7,759,611   $41,719,197   —
Total investments in securities   $8,108,215,280   $8,066,496,083   $41,719,197   —
Other financial instruments:                
Futures   ($2,163,100)   ($2,149,878)   ($13,222)   —
                 
                 

 

 

326

 

 

 

    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Lifestyle Conservative MVP                
Affiliated investment companies   $1,548,088,680   $1,548,088,680   —   —
Short-term investments   8,286,450   —   $8,286,450   —
Total investments in securities   $1,556,375,130   $1,548,088,680   $8,286,450   —
Other financial instruments:                
Futures   ($107,541)   ($36,334)   ($71,207)   —
                 
                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Lifestyle Growth MVP                
Affiliated investment companies   $9,560,582,266   $9,560,582,266   —   —
Short-term investments   76,282,342   47,380,571   $28,901,771   —
Total investments in securities   $9,636,864,608   $9,607,962,837   $28,901,771   —
Other financial instruments:                
Futures   ($24,994,492)   ($24,778,026)   ($216,466)   —
                 
                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Lifestyle Moderate MVP                
Affiliated investment companies   $2,413,935,252   $2,413,935,252   —   —
Short-term investments   17,577,626   4,975,849   $12,601,777   —
Total investments in securities   $2,431,512,878   $2,418,911,101   $12,601,777   —
Other financial instruments:                
Futures   ($385,712)   ($349,342)   ($36,370)   —
                 
                 

 

 

327

 

 

 

    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Mid Cap Stock Trust                
Common stocks                
Consumer discretionary   $145,117,232   $135,278,490   $8,560,512   $1,278,230
Consumer staples   29,519,521   29,519,521   —   —
Energy   41,870,935   41,870,935   —   —
Financials   17,204,213   17,204,213   —   —
Health care   153,606,349   139,340,204   14,266,145   —
Industrials   65,445,877   65,445,877   —   —
Information technology   164,469,219   164,469,219   —   —
Materials   6,342,426   6,342,426   —   —
Real estate   14,299,208   13,385,809   —   913,399
Preferred securities   76,372,700   —   5,072,830   71,299,870
Corporate bonds   396,255   —   —   396,255
Securities lending collateral   87,892,113   87,892,113   —   —
Short-term investments   5,100,000   —   5,100,000   —
Total investments in securities   $807,636,048   $700,748,807   $32,999,487   $73,887,754
                 
                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Mid Value Trust                
Common stocks                
Consumer discretionary   $86,623,231   $83,173,317   $3,449,914   —
Consumer staples   66,008,407   59,192,459   6,815,948   —
Energy   87,664,124   87,664,124   —   —
Financials   185,654,408   181,608,161   4,046,247   —
Health care   72,590,086   72,590,086   —   —
Industrials   76,554,219   74,482,844   2,071,375   —
Information technology   23,912,646   23,912,646   —   —
Materials   70,415,078   70,415,078   —   —
Real estate   41,620,886   41,620,886   —   —
Telecommunication services   2,621,130   2,621,130   —   —
Utilities   30,708,839   30,708,839   —   —
Securities lending collateral   46,623,270   46,623,270   —   —
Short-term investments   46,958,048   46,958,048   —   —
Total investments in securities   $837,954,372   $821,570,888   $16,383,484   —
                 
                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Mutual Shares Trust                
Common stocks                
Consumer discretionary   $35,992,018   $35,992,018   —   —
Consumer staples   60,146,757   43,266,579   $16,880,178   —
Energy   41,282,272   28,604,802   12,253,698   $423,772
Financials   105,878,148   102,884,416   2,993,732   —
Health care   69,694,026   69,694,026   —   —
Industrials   27,990,251   16,523,152   11,467,099   —
Information technology   68,417,085   58,371,147   10,045,938   —
Materials   21,461,621   14,154,207   7,307,414   —
Real estate   5,260,919   5,260,919   —   —
Telecommunication services   9,362,442   —   9,362,442   —
Utilities   281,472   281,472   —   —
Corporate bonds   8,321,905   —   8,321,905   —
Term loans   2,147,888   —   2,147,888   —
Municipal bonds   1,720,030   —   1,720,030   —
Securities lending collateral   3,458,075   3,458,075   —   —
Short-term investments   46,895,675   —   46,895,675   —
Total investments in securities   $508,310,584   $378,490,813   $129,395,999   $423,772
Other financial instruments:                
Forward foreign currency contracts   $3,324,917   —   $3,324,917   —
                 
                 

 

 

328

 

 

 

    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Real Estate Securities Trust                
Common stocks                
Diversified REITs   $33,307,106   $33,294,665   —   $12,441
Health care REITs   46,658,017   46,658,017   —   —
Hotel and resort REITs   19,458,229   19,458,229   —   —
Industrial REITs   39,393,277   39,393,277   —   —
Office REITs   52,410,290   52,410,290   —   —
Residential REITs   60,979,955   60,979,955   —   —
Retail REITs   99,291,808   99,291,808   —   —
Specialized REITs   72,206,247   72,206,247   —   —
Short-term investments   1,834,000   —   $1,834,000   —
Total investments in securities   $425,538,929   $423,692,488   $1,834,000   $12,441
                 
                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Science & Technology Trust                
Common stocks                
Consumer discretionary   $109,231,354   $109,171,775   —   $59,579
Health care   9,108,179   9,108,179   —   —
Industrials   5,137,860   5,137,860   —   —
Information technology   369,000,125   338,066,732   $30,835,023   98,370
Real estate   2,201,930   2,201,930   —   —
Telecommunication services   6,642,878   —   6,642,878   —
Preferred securities   3,516,458   —   —   3,516,458
Corporate bonds   1,787,164   —   1,787,164   —
Securities lending collateral   18,803,407   18,803,407   —   —
Short-term investments   39,030,208   32,300,208   6,730,000   —
Total investments in securities   $564,459,563   $514,790,091   $45,995,065   $3,674,407
                 
                 

 

 

329

 

 

 

    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Small Cap Growth Trust                
Common stocks                
Consumer discretionary   $51,502,778   $51,502,778   —   —
Consumer staples   5,150,230   2,838,836   $2,311,394   —
Energy   10,646,460   10,646,460   —   —
Financials   24,013,162   24,013,162   —   —
Health care   83,770,585   83,770,585   —   —
Industrials   54,096,063   54,096,063   —   —
Information technology   128,247,460   123,968,791   2,914,569   $1,364,100
Materials   11,832,487   11,832,487   —   —
Real estate   13,193,165   13,193,165   —   —
Telecommunication services   3,401,678   3,401,678   —   —
Preferred securities   14,921,752   —   2,977,917   11,943,835
Securities lending collateral   46,840,565   46,840,565   —   —
Short-term investments   1,300,000   —   1,300,000   —
Total investments in securities   $448,916,385   $426,104,570   $9,503,880   $13,307,935
                 
                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Small Cap Index Trust                
Common stocks                
Consumer discretionary   $55,621,966   $55,621,966   —   —
Consumer staples   13,060,304   13,060,304   —   —
Energy   13,954,472   13,954,472   —   —
Financials   77,758,375   77,733,933   —   $24,442
Health care   62,120,405   62,033,447   —   86,958
Industrials   62,097,467   62,097,467   —   —
Information technology   79,463,950   79,463,950   —   —
Materials   20,571,447   20,571,447   —   —
Real estate   35,748,332   35,748,332   —   —
Telecommunication services   3,335,542   3,290,736   —   44,806
Utilities   16,660,246   16,660,246   —   —
Warrants   69   —   $69   —
Securities lending collateral   39,242,804   39,242,804   —   —
Short-term investments   21,990,000   —   21,990,000   —
Total investments in securities   $501,625,379   $479,479,104   $21,990,069   $156,206
Other financial instruments:                
Futures   $5,056   $5,056   —   —
                 
                 

 

 

330

 

 

 

    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Small Cap Opportunities Trust                
Common stocks                
Consumer discretionary   $29,692,007   $29,692,007   —   —
Consumer staples   5,772,304   5,772,304   —   —
Energy   14,776,661   14,776,661   —   —
Financials   44,792,782   44,792,781   —   $1
Health care   19,786,245   19,780,686   —   5,559
Industrials   39,272,735   39,272,735   —   —
Information technology   36,494,245   36,494,245   —   —
Materials   13,239,028   13,239,028   —   —
Real estate   4,544,627   4,544,627   —   —
Telecommunication services   2,580,739   2,555,372   —   25,367
Utilities   2,189,415   2,189,415   —   —
Securities lending collateral   6,698,771   6,698,771   —   —
Short-term investments   1,010,123   1,010,123   —   —
Total investments in securities   $220,849,682   $220,818,755   —   $30,927
                 
                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Small Cap Value Trust                
Common stocks                
Consumer discretionary   $30,803,340   $30,803,340   —   —
Consumer staples   27,830,951   7,582,329   $20,248,622   —
Energy   33,458,578   33,458,578   —   —
Financials   128,365,751   128,365,751   —   —
Health care   55,629,141   55,629,141   —   —
Industrials   232,045,304   223,451,200   8,594,104   —
Information technology   61,970,348   61,970,348   —   —
Materials   39,458,475   39,458,475   —   —
Real estate   29,016,694   29,016,694   —   —
Utilities   21,494,499   21,494,499   —   —
Securities lending collateral   23,498,929   23,498,929   —   —
Short-term investments   14,000,000   —   14,000,000   —
Total investments in securities   $697,572,010   $654,729,284   $42,842,726   —
                 
                 

 

 

331

 

 

 

    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Strategic Equity Allocation Trust                
Common stocks                
Consumer discretionary   $1,159,117,264   $803,363,330   $355,753,934   —
Consumer staples   949,737,134   573,560,853   376,176,281   —
Energy   573,592,635   429,535,608   144,057,027   —
Financials   1,427,244,342   855,255,001   571,966,243   $23,098
Health care   1,236,938,174   898,013,668   338,847,978   76,528
Industrials   1,093,281,614   674,763,373   418,518,241   —
Information technology   1,499,776,308   1,345,251,210   154,525,098   —
Materials   445,930,545   223,090,885   222,839,660   —
Real estate   393,788,000   275,431,200   118,259,108   97,692
Telecommunication services   289,528,238   146,356,573   143,119,170   52,495
Utilities   339,000,489   228,860,383   110,140,106   —
Preferred securities   15,969,924   —   15,969,924   —
Rights   212,771   1,569   211,202   —
Securities lending collateral   87,137,535   87,137,535   —   —
Short-term investments   211,490,000   —   211,490,000   —
Total investments in securities   $9,722,744,973   $6,540,621,188   $3,181,873,972   $249,813
Other financial instruments:                
Futures   ($1,310,526)   ($1,310,526)   —   —
                 
                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Strategic Income Opportunities Trust                
Foreign government obligations   $117,334,869   —   $117,334,869   —
Corporate bonds   305,872,608   —   305,872,608   —
Capital preferred securities   2,462,625   —   2,462,625   —
Convertible bonds   11,404,008   —   11,404,008   —
Municipal bonds   33,317,289   —   33,317,289   —
Collateralized mortgage obligations   31,335,193   —   31,335,193   —
Asset backed securities   26,872,555   —   26,872,555   —
Common stocks   19,853,478   $19,853,478   —   —
Preferred securities   46,022,938   43,870,420   2,152,518   —
Purchased options   1,630,253   —   1,630,253   —
Short-term investments   1,872,000   —   1,872,000   —
Total investments in securities   $597,977,816   $63,723,898   $534,253,918   —
Other financial instruments:                
Futures   ($639,158)   ($639,158)   —   —
Forward foreign currency contracts   (2,785,032)   —   ($2,785,032)   —

 

 

332

 

 

 

    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Total Stock Market Index Trust                
Common stocks                
Consumer discretionary   $76,622,072   $76,618,373   $3,670   $29
Consumer staples   56,276,984   56,275,530   —   1,454
Energy   45,061,255   45,061,008   —   247
Financials   78,960,255   78,960,248   —   7
Health care   76,858,735   76,848,755   —   9,980
Industrials   58,281,969   58,281,528   441   —
Information technology   118,101,619   118,101,619   —   —
Materials   18,551,650   18,551,449   —   201
Real estate   24,281,891   24,273,128   —   8,763
Telecommunication services   14,465,211   14,458,798   —   6,413
Utilities   18,438,434   18,438,434   —   —
Convertible bonds   467   —   —   467
Warrants   603   171   432   —
Securities lending collateral   8,210,190   8,210,190   —   —
Short-term investments   11,740,000   —   11,740,000   —
Total investments in securities   $605,851,335   $594,079,231   $11,744,543   $27,561
Other financial instruments:                
Futures   ($46,810)   ($46,810)   —   —
                 
                 
    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Utilities Trust                
Common stocks                
Consumer discretionary   $24,405,448   $22,008,186   $2,397,262   —
Energy   53,336,580   53,336,580   —   —
Industrials   1,854,926   1,854,926   —   —
Real estate   5,576,629   5,576,629   —   —
Telecommunication services   34,276,217   7,258,830   27,017,387   —
Utilities   188,279,835   138,217,658   50,062,177   —
Preferred securities   31,382,487   31,382,487   —   —
Securities lending collateral   4,833,424   4,833,424   —   —
Short-term investments   15,099,606   —   15,099,606   —
Total investments in securities   $359,045,152   $264,468,720   $94,576,432   —
Other financial instruments:                
Forward foreign currency contracts   $17,298   —   $17,298   —
                 
                 

 

 

333

 

 

 

    Total value at 9-30-16   Level 1 quoted price   Level 2 significant
observable inputs		   Level 3 significant
unobservable inputs
Value Trust                
Common stocks                
Consumer discretionary   $64,856,863   $64,856,863   —   —
Consumer staples   15,433,000   15,433,000   —   —
Energy   39,539,352   33,136,422   $6,402,930   —
Financials   104,368,248   104,368,248   —   —
Health care   49,063,624   49,063,624   —   —
Industrials   73,720,659   73,720,659   —   —
Information technology   73,973,202   73,973,202   —   —
Materials   34,773,239   34,773,239   —   —
Real estate   29,339,578   29,339,578   —   —
Telecommunication services   8,967,805   8,967,805   —   —
Utilities   17,345,762   17,345,762   —   —
Short-term investments   10,108,428   10,108,428   —   —
Total investments in securities   $521,489,760   $515,086,830   $6,402,930   —

 

For the following portfolios, securities at the beginning of the year were transferred from Level 2 to 1 during the period since quoted prices in active markets for identical securities became available.

 

Portfolio Approximate market values transferred
Emerging Markets Value Trust              $30,889,580
Financial Industries Trust                2,974,139
International Equity Index Trust B                6,572,576
International Growth Stock Trust                7,141,725
Utilities Trust 4,280,338

 

 

 

334

 

 

 

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 and in all cases were transferred into or out of Level 2. Securities were transferred into Level 3 because of a lack of observable market data which resulted from an absence of market activity for these securities. In addition, securities were transferred from Level 3 since observable market data became available due to the increased market activity of these securities.

 

Alpha Opportunities Trust Common stocks Preferred securities Corporate bonds Total  
Balance as of 12-31-15 $299,887 $14,605,895 $48,473 $14,954,255  
Realized gain (loss)                                    - (3,739)                                  -    (3,739)  
Change in unrealized appreciation (depreciation) 1,299 118,666                                  -    119,965  
Purchases                                  -                                      -                                     -                                        -     
Sales                                  -    (70,845)                                  -    (70,845)  
Transfers into Level 3                                  -                                      -                                     -                                        -     
Transfers out of Level 3                                  -    (498,611)                                  -    (498,611)  
Balance as of 9-30-16 $301,186 $14,151,366 $48,473 $14,501,025  
Change in unrealized at period end* $1,299 $118,666                                  -    $119,965  
           
           
Equity Income Trust  Common stocks        
Balance as of 12-31-15 $19,823,329        
Realized gain (loss) 3,015,896        
Change in unrealized appreciation (depreciation) (5,357,475)        
Purchases                                  -           
Sales (17,481,750)        
Transfers into Level 3                                  -           
Transfers out of Level 3                                  -           
Balance as of 9-30-16                                  -           
Change in unrealized at period end*                                  -           
           
           
High Yield Trust  Corporate bonds  Convertible bonds  Common stocks  Escrow certificates  Total
Balance as of 12-31-15 $910,305 $405,098 $1,631,608                                     -    $2,947,011
Realized gain (loss) 2,910                                   -    503,890                                     -    506,800
Change in unrealized appreciation (depreciation) 169,661 (435,101) 1,032,178 ($24,171) 742,567
Purchases 93,608 68,831 577,766                                     -    740,205
Sales (112,008)                                   -    (1,401,033) (5,704) (1,518,745)
Transfers into Level 3                                  -                                      -                                     -    30,375 30,375
Transfers out of Level 3                                  -    (38,828)    (146,280)                                     -    (185,108)
Balance as of 9-30-16 $1,064,476                                   -    $2,198,129 $500 $3,263,105
Change in unrealized at period end* $169,661                                   -    $859,881 ($24,171) $1,005,371
           
           

 

 

 

335

 

 

 

Mid Cap Stock Trust Common stocks Preferred securities Corporate bonds Total  
Balance as of 12-31-15 $2,195,084 $76,380,398 $396,255 $78,971,737  
Realized gain (loss)                                  -    (27,634)                                  -    (27,634)  
Change in unrealized appreciation (depreciation) (3,455) (2,242,565)                                  -    (2,246,020)  
Purchases                                  -                                      -                                     -                                        -     
Sales                                  -    (509,955)                                  -    (509,955)  
Transfers into Level 3                                  -                                      -                                     -                                        -     
Transfers out of Level 3                                  -    (2,300,374)                                  -    (2,300,374)  
Balance as of 9-30-16 $2,191,629 $71,299,870 $396,255 $73,887,754  
Change in unrealized at period end* ($3,455) ($2,242,565)                                  -    ($2,246,020)  
           
           
Science & Technology Trust Consumer discretionary Information technology Total    
Balance as of 12-31-15 $661,985 $10,418,708 $11,080,693    
Realized gain (loss)                                  -                           1,015,149                        1,015,149    
Change in unrealized appreciation (depreciation) (96,105) (2,015,455) (2,111,560)    
Purchases                                  -                                      -                                     -       
Sales                                  -                          (6,309,875)                       (6,309,875)    
Transfers into Level 3                                  -                                      -                                     -       
Transfers out of Level 3                                  -                                      -                                     -       
Balance as of 9-30-16 $565,880 $3,108,527 $3,674,407    
Change in unrealized at period end* ($96,105) ($155,135) ($251,240)    
           
           
Small Cap Growth Trust Common stocks Preferred securities Total    
Balance as of 12-31-15 $1,046,758 $13,682,171 $14,728,929    
Realized gain (loss)                                  -    (17,025) (17,025)    
Change in unrealized appreciation (depreciation) 317,342 (114,506) 202,836    
Purchases                                  -                                      -                                     -       
Sales                                  -    (256,410) (256,410)    
Transfers into Level 3                                  -                                      -                                     -       
Transfers out of Level 3                                  -    (1,350,395) (1,350,395)    
Balance as of 9-30-16 $1,364,100 $11,943,835 $13,307,935    
Change in unrealized at period end* $317,342 ($127,308) $190,034    
           
           
* Change in unrealized appreciation (depreciation) attributable to Level 3 securities held at period end.    

 

 

 

 

336

 

 

 

The valuation techniques and significant amounts of unobservable inputs used in the fair value measurement of the portfolios’ Level 3 securities are outlined in the table below.

 

Alpha Opportunities Trust        
  Fair Value
at 9-30-16		 Valuation Technique Significant Unobservable Inputs Input/ Range
         
Common Stocks $128,191 Market Approach Prior / recent transactions $50.19
  $172,995 Market Approach EV to revenue multiple  
Discount 		3.51x - 3.73x (weighted average 3.68x)
10% - 17.5% (weighted average 11.7%)
  $301,186      
         
Preferred Securities $4,248,608 Market Approach EV to revenue multiple
Discount 		1.37x - 8.59x (weighted average 5.89x)
10% - 25% (weighted average 15.7%)
  $1,044,354 Market Approach EV to revenue multiple
Discount
Allocated using OPM - Volatility		 1.41x - 5.69x (weighted average 3.76x)
17.5% - 25% (weighted average 19.5%)
40% - 55% (weighted average 45.9%)
  $8,702,977 Market Approach Prior / recent transactions $43.82 - $50.19 (weighted average $48.60)
  $155,427 Market Approach Probability weighted expected future price
Discount		 $2.78
 32%
  $14,151,366      
         
Corporate Bonds $48,473 Market Approach Prior / recent transactions $100
         
Total $14,501,025      
         
         

 

 

 

337

 

 

 

         
High Yield Trust        
  Fair Value
at 9-30-16		 Valuation Technique Significant Unobservable Inputs Input/ Range
         
Common Stocks $1,285,654 Market Approach EV/EBITDA multiple
Discount 		10.21x - 11.09x (weighted average 10.80x)
25%
  $401,126 Market Approach Expected future value
Discount 		$11.56  
20%
  $438,156 Market Approach Estimated liquidation value $984.62
  $2,124,936      
         
Corporate Bonds                            1,064,476 Market Approach Yield 1097bps - 1537bps (weighted average 1239bps)
         
Escrow certificates $500 Market Approach Estimated liquidation value $0.03
         
Total $3,189,912 *    
         
         
* These amounts exclude valuations provided by a broker, which amounted to $73,193.
         
Mid Cap Stock Trust        
  Fair Value
at 9-30-16		 Valuation Technique Significant Unobservable Inputs Input/ Range
         
Common Stocks $913,399 Market Approach Prior / recent transactions $50.19
  $1,278,230 Market Approach EV to revenue multiple  
Discount 		3.51x - 3.73x (weighted average 3.68x)
10% - 17.5% (weighted average 11.6%)
  $2,191,629      
         
Preferred Securities $7,509,726 Market Approach EV to revenue multiple
Discount
Allocated using OPM - Volatility		 1.41x - 5.69x (weighted average 3.77x)
17.5% - 25% (weighted average 19.5%)
40% - 55% (weighted average 46%)
  $21,213,128 Market Approach EV to revenue multiple
Discount 		1.37x - 8.59x (weighted average 5.33x)
10% - 25% (weighted average 14.0%)
  $1,115,984 Market Approach Probability weighted expected future price
Discount		 $2.78
 32%
  $41,146,230 Market Approach Prior / recent transactions $43.82 - $50.19 (weighted average $48.51)
  $314,802 Market Approach Expected future value  
Discount		 $1.28  
18.8%
  $71,299,870      
         
Corporate Bonds $396,255 Market Approach Prior / recent transactions $100
         
Total $73,887,754      
         

 

 

 

338

 

 

 

         
Small Cap Growth Trust        
  Fair Value
at 9-30-16		 Valuation Technique Significant Unobservable Inputs Input/ Range
         
Common Stocks $1,364,100 Market Approach Expected future value  
Discount		 $3.20  
10%
         
Preferred Securities $7,131,109 Market Approach EV to revenue multiple
Discount 		3.73x - 8.59x (weighted average 7.20x)
10% - 17.5% (weighted average 11.9%)
  $1,416,094 Market Approach EV to revenue multiple
Discount
Allocated using OPM - Volatility		 1.41x  
25%  
55%
  $2,554,307 Market Approach Expected future value  
Discount		 $4.40
10%
  $842,325 Market Approach Probability weighted expected future price
Discount		 $5.15 - $6.86 (weighted average $6.08)
32%
  $11,943,835      
         
Total $13,307,935      
         
A change to unobservable inputs of a portfolio's Level 3 securities may result in changes to the fair value measurement, as follows :    
         
Significant Unobservable Input      Impact to Valuation if input increases  Impact to Valuation if input decreases
Allocated using Options Pricing Method (OPM) - Volatility Variable Variable
Discount Decrease Increase
Enterprise value to earnings before interest, taxes, depreciation and amortization (“EV/EBITDA”) multiple Increase Decrease
Enterprise value (“EV”) to revenue multiple Increase Decrease
Estimated liquidation value     Increase Decrease
Expected future value     Increase Decrease
Prior/recent transactions Increase Decrease
Probability weighted expected future price Increase Decrease
Yield Decrease Increase

 

Repurchase agreements. The portfolios may enter into repurchase agreements. When a portfolio enters into a repurchase agreement, it receives collateral that is held in a segregated account by the portfolio’s custodian, or for tri-party repurchase agreements, collateral is held at a third-party custodian bank in a segregated account for the benefit of the portfolio. The collateral amount is marked-to-market and monitored on a daily basis to ensure

 

 

 

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that the collateral held is in an amount not less than the principal amount of the repurchase agreement plus any accrued interest. Collateral received by a portfolio for repurchase agreements is disclosed in the Portfolio of Investments as part of the caption related to the repurchase agreement.

 

Repurchase agreements are typically governed by the terms and conditions of the Master Repurchase Agreement and/or Global Master Repurchase Agreement (collectively, MRA). Upon an event of default, the non-defaulting party may close out all transactions traded under the MRA and net amounts owed. Absent an event of default, assets and liabilities resulting from repurchase agreements are not offset. 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 or the counterparty may have insufficient assets to pay back claims resulting from close-out of the transactions.

 

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 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 NAV. 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 settlement 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 purchased or increase in the value of securities sold prior to settlement date.

 

Term loans (Floating rate loans). The portfolios may invest in term loans, which often include debt securities that are rated below investment grade at the time of purchase. Term loans are generally subject to legal or contractual restrictions on resale and generally have longer settlement periods than conventional debt securities. Term loans involve special types of risk, including credit risk, interest-rate risk, counterparty risk, risk associated with extended settlement, and the risks of being a lender. 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. The 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. Transactions in loan investments typically take a significant amount of time (i.e., seven days or longer) to settle. This could pose a liquidity risk to the portfolio and, if the portfolio’s exposure to such investments is substantial, could impair the portfolio’s ability to meet redemptions. Because term loans may not be 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. There is greater risk that the portfolio may have limited rights to enforce the terms of an underlying loan than for other types of debt instruments.

 

At September 30, 2016, Investment Quality Bond Trust had $32,609 in unfunded loan commitments outstanding.

 

Inflation-indexed bonds. Inflation-indexed bonds are securities that generally have a lower coupon interest rate fixed at issuance but whose principal value is periodically adjusted based on 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.

 

Stripped securities. Stripped securities are financial instruments structured to separate principal and interest cash flows so that one class receives principal payments from the underlying 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 security. If the underlying 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 or prepayments on the underlying securities. 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.

 

 

 

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Cost of investment securities for federal income tax purposes. The costs of investments owned on September 30, 2016, including short-term investments, for federal income tax purposes, were as follows:

 

Portfolio  Aggregate cost  Unrealized appreciation  Unrealized (depreciation)  Net unrealized appreciation/
(depreciation)
500 Index Trust B $2,413,131,072 $1,568,908,498 ($51,564,018) $1,517,344,480
Active Bond Trust 761,461,396 28,548,515 (9,297,147) 19,251,368
All Cap Core Trust 241,046,354 16,582,753 (3,212,763) 13,369,990
Alpha Opportunities Trust 547,281,189 55,317,426 (14,800,003) 40,517,423
American Asset Allocation Trust 1,090,592,990 431,369,938 — 431,369,938
American Global Growth Trust 232,885,401 — (9,882,464) (9,882,464)
American Growth Trust 786,315,663 92,524,699 — 92,524,699
American Growth-Income Trust 973,703,938 90,859,261 — 90,859,261
American International Trust 546,349,812 — (26,721,992) (26,721,992)
American New World Trust 90,621,304 — (10,469,119) (10,469,119)
Blue Chip Growth Trust 1,050,145,883 580,417,826 (31,439,482) 548,978,344
Bond Trust 8,591,596,839 241,059,359 (60,206,021) 180,853,338
Capital Appreciation Trust 658,437,602 244,943,175 (10,485,255) 234,457,920
Capital Appreciation Value Trust 345,931,988 37,463,463 (2,112,744) 35,350,719
Core Bond Trust 1,396,418,606 14,879,558 (3,216,405) 11,663,153
Core Strategy Trust 3,592,863,422 42,745,580 (98,869) 42,646,711
Emerging Markets Value Trust 829,164,477 114,397,166 (172,864,624) (58,467,458)
Equity Income Trust 1,310,701,830 366,587,254 (48,084,764) 318,502,490
Financial Industries Trust 141,756,599 9,142,684 (7,992,076) 1,150,608
Franklin Templeton Founding Allocation Trust 928,799,362 114,304,356 — 114,304,356
Fundamental All Cap Core Trust 1,300,712,691 288,772,073 (24,526,775) 264,245,298
Fundamental Large Cap Value Trust 1,381,656,527 142,782,786 (45,882,849) 96,899,937
Global Bond Trust 794,982,053 28,829,311 (13,859,267) 14,970,044
Global Trust 585,512,807 76,984,297 (81,189,431) (4,205,134)
Health Sciences Trust 250,500,918 55,310,905 (15,289,310) 40,021,595
High Yield Trust 270,893,925 10,719,424 (25,650,218) (14,930,794)
Income Trust 231,958,279 31,503,397 (14,624,790) 16,878,607
International Core Trust 585,861,378 42,689,731 (64,032,813) (21,343,082)
International Equity Index Trust B 524,926,916 158,916,847 (78,629,110) 80,287,737
International Growth Stock Trust 365,777,714 60,606,363 (20,725,805) 39,880,558
International Small Company Trust 110,229,222 26,856,586 (22,898,116) 3,958,470
International Value Trust 869,362,717 94,713,525 (124,735,522) (30,021,997)
Investment Quality Bond Trust 407,800,678 7,293,549 (2,770,732) 4,522,817
Lifestyle Aggressive MVP 365,345,309 12,459,295 (23,552,014) (11,092,719)
Lifestyle Aggressive PS Series 23,338,272 150,055 (384,789) (234,734)
Lifestyle Balanced MVP 7,788,500,190 464,187,222 (144,472,132) 319,715,090
Lifestyle Balanced PS Series 1,005,641,689 11,986,503 (1,137,310) 10,849,193
Lifestyle Conservative MVP 1,550,590,097 20,157,675 (14,372,642) 5,785,033
Lifestyle Conservative PS Series 201,733,666 3,891,306 — 3,891,306
Lifestyle Growth MVP 9,001,317,353 813,054,325 (177,507,070) 635,547,255
Lifestyle Growth PS Series 2,028,550,791 12,093,336 (9,538,623) 2,554,713
Lifestyle Moderate MVP 2,340,977,613 109,931,533 (19,396,268) 90,535,265
Lifestyle Moderate PS Series 327,009,601 4,728,851 — 4,728,851
Mid Cap Index Trust 746,384,756 266,338,030 (44,185,274) 222,152,756
Mid Cap Stock Trust 714,555,666 117,090,883 (24,010,501) 93,080,382
Mid Value Trust 745,220,706 122,101,028 (29,367,362) 92,733,666
Money Market Trust 2,342,846,915 — — —
Mutual Shares Trust 436,746,939 110,534,069 (38,970,424) 71,563,645
New Income Trust 1,397,430,861 48,387,965 (5,876,931) 42,511,034
Real Estate Securities Trust 415,161,759 20,231,498 (9,854,328) 10,377,170
Science and Technology Trust 496,012,032 75,133,693 (6,686,162) 68,447,531
Short Term Government Income Trust 332,797,651 1,657,696 (4,911,847) (3,254,151)
Small Cap Growth Trust 412,684,404 56,824,216 (20,592,235) 36,231,981
Small Cap Index Trust 396,360,557 135,244,674 (29,979,852) 105,264,822
Small Cap Opportunities Trust 202,051,636 35,494,894 (16,696,848) 18,798,046
Small Cap Value Trust 576,886,187 161,375,773 (40,689,950) 120,685,823
Small Company Growth Trust 89,775,850 26,688,352 (5,278,269) 21,410,083
Small Company Value Trust 233,624,530 81,211,359 (7,457,985) 73,753,374
Strategic Equity Allocation Trust 7,520,831,509 2,661,458,324 (459,544,860) 2,201,913,464
Strategic Income Opportunities Trust 590,369,272 23,833,059 (16,224,515) 7,608,544
Total Bond Market Trust B 621,695,104 25,591,582 (2,104,248) 23,487,334
Total Stock Market Index Trust 364,564,826 266,398,970 (25,112,461) 241,286,509
Ultra Short Term Bond Trust 304,312,312 327,781 (2,070,337) (1,742,556)
U.S. Equity Trust 445,475,283 31,413,770 (8,398,911) 23,014,859
Utilities Trust 369,349,503 31,961,394 (42,265,745) (10,304,351)
Value Trust 483,204,044 71,710,150 (33,424,434) 38,285,716

 

 

 

 

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Derivative instruments. Certain portfolios may invest in derivatives in order to meet their investment objectives. Derivatives include a variety of different instruments that may be traded in the over-the-counter (OTC) market, on a regulated exchange or through a clearing facility. The risks in using derivatives vary depending upon the structure of the instruments, including the use of leverage, optionality, the liquidity or lack of liquidity of the contract, the creditworthiness of the counterparty or clearing organization and the volatility of the position. Some derivatives involve risks that are potentially greater than the risks associated with investing directly in the referenced securities or other referenced underlying instrument. Specifically, the portfolios are exposed to the risk that the counterparty to an OTC derivatives contract will be unable or unwilling to make timely settlement payments or otherwise honor its obligations. OTC derivatives transactions typically can only be closed out with the other party to the transaction.

 

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 tables summarize the contracts held at September 30, 2016. In addition, the tables detail how the portfolios used futures contracts during the period ended September 30, 2016.

 

500 Index Trust B            
The portfolio used futures contracts to gain exposure to certain securities and as a substitute for securities purchased.
Open contracts Number of contracts Position Expiration date Notional basis* Notional value* Unrealized
appreciation
(depreciation)
             
S&P 500 Index Futures 245 Long Dec 2016 $132,491,969 $132,324,500 ($167,469)
            ($167,469)
             
All Cap Core Trust              
The portfolio used futures contracts as a substitute for securities purchased.
Open contracts Number of contracts Position Expiration date Notional basis* Notional value* Unrealized
appreciation
(depreciation)
             
Russell 2000 Mini Index Futures 2 Long Dec 2016 $248,349 $249,660 $1,311
S&P 500 Index E-Mini Futures 22 Long Dec 2016 2,371,515 2,376,440 4,925
            $6,236

 

 

 

342

 

 

 

 

             
Global Bond Trust            
The portfolio used futures contracts to gain exposure to foreign bond market and treasury markets, maintain diversity of the portfolio, manage against anticipated interest rate changes and to manage duration of the portfolio.
Open contracts Number of contracts Position Expiration date Notional basis* Notional value* Unrealized
appreciation
(depreciation)
             
5-Year U.S. Treasury Note Futures 1,404 Long Dec 2016 $170,568,665 $170,607,938 $39,273
10-Year Japan Government Bond Future 21 Long Dec 2016 31,380,775 31,548,149 167,374
10-Year U.S. Treasury Note Futures 1,237 Long Dec 2016 162,355,848 162,201,625 (154,223)
Euro-BTP Italian Government Bond Futures 89 Long Dec 2016 14,378,483 14,305,866 (72,617)
Euro-Buxl Futures 33 Long Dec 2016 7,018,228 7,124,214 105,986
Euro-OAT Futures 87 Long Dec 2016 15,565,278 15,648,751 83,473
Euro SCHATZ Futures 224 Long Dec 2016 28,187,341 28,216,559 29,218
German Euro BOBL Futures 47 Long Dec 2016 6,943,967 6,974,011 30,044
U.K. Long Gilt Bond Futures 95 Long Dec 2016 16,165,772 16,038,229 (127,543)
Ultra U.S. Treasury Bond Futures 258 Long Dec 2016 48,334,175 47,439,750 (894,425)
2-Year U.S. Treasury Note Futures 218 Short Dec 2016 (47,631,962) (47,626,188) 5,774
10-Year Canada Government Bond Futures 24 Short Dec 2016 (2,682,002) (2,687,663) (5,661)
EURO-BONO Futures 14 Short Dec 2016 (2,264,343) (2,279,770) (15,427)
Eurodollar Futures 249 Short Dec 2017 (61,448,816) (61,587,038) (138,222)
German Euro BUND Futures 37 Short Dec 2016 (6,810,775) (6,887,143) (76,368)
U.S. Treasury Long Bond Futures 50 Short Dec 2016 (8,539,784) (8,407,812) 131,972
            ($891,372)
             
High Yield Trust            
The portfolio used futures contracts to manage against anticipated interest rate changes.
Open contracts Number of contracts Position Expiration date Notional basis* Notional value* Unrealized
appreciation
(depreciation)
             
2-Year U.S. Treasury Note Futures 138 Long Dec 2016 $30,117,932 $30,148,688 $30,756
5-Year U.S. Treasury Note Futures 86 Long Dec 2016 10,442,008 10,450,344 8,336
Ultra U.S. Treasury Bond Futures 8 Long Dec 2016 1,489,812 1,471,000 (18,812)
U.S. Treasury Long Bond Futures 3 Short Dec 2016 (509,493) (504,469) 5,024
            $25,304
             
International Core Trust            
The portfolio used futures contracts to gain exposure to certain securities markets and as a substitute for securities purchased.
Open contracts Number of contracts Position Expiration date Notional basis* Notional value* Unrealized
appreciation
(depreciation)
             
MINI MSCI EAFE Index Futures 82 Long Dec 2016 $7,003,253 $6,997,470 ($5,783)
            ($5,783)
             

 

 

 

343

 

 

 

International Equity Index Trust B            
The portfolio used futures contracts to gain exposure to certain securities markets, as a substitute for securities purchased and to maintain diversity of the portfolio.
Open contracts Number of contracts Position Expiration date Notional basis* Notional value* Unrealized
appreciation
(depreciation)
             
MINI MSCI EAFE Index Futures 66 Long Dec 2016 $5,601,076 $5,632,110 $31,034
MINI MSCI Emerging Markets Index Futures 79 Long Dec 2016 3,596,061 3,604,375 8,314
MSCI Taiwan Index Futures 64 Long Oct 2016 2,205,020 2,199,087 (5,933)
            $33,415
             
Investment Quality Bond Trust            
The portfolio used futures contracts to gain exposure to foreign bond market and treasury markets, manage against anticipated interest rate changes, manage duration of the portfolio and as a substitute for securities purchased.
Open contracts Number of contracts Position Expiration date Notional basis* Notional value* Unrealized
appreciation
(depreciation)
             
5-Year U.S. Treasury Note Futures 416 Long Dec 2016 $50,541,598 $50,550,500 $8,902
Eurodollar Futures 56 Long Dec 2017 13,846,455 13,850,900 4,445
U.S. Treasury Long Bond Futures 36 Long Dec 2016 6,148,506 6,053,625 (94,881)
Ultra U.S. Treasury Bond Futures 23 Long Dec 2016 4,297,624 4,229,125 (68,499)
10-Year U.S. Treasury Note Futures 274 Short Dec 2016 (35,964,082) (35,928,250) 35,832
Eurodollar Futures 56 Short Sep 2018 (13,832,902) (13,839,000) (6,098)
            ($120,299)
             
Lifestyle Aggressive MVP            
The fund used futures contracts to manage volatility of returns.
Open contracts Number of contracts Position Expiration date Notional basis* Notional value* Unrealized
appreciation
(depreciation)
             
BP Currency Futures 157 Short Dec 2016 ($12,918,994) ($12,753,306) $165,688
Euro FX Futures 76 Short Dec 2016 (10,693,164) (10,713,150) (19,986)
Euro STOXX 50 Index Futures 321 Short Dec 2016 (10,724,179) (10,796,219) (72,040)
FTSE 100 Index Futures 143 Short Dec 2016 (12,467,177) (12,710,333) (243,156)
Japanese Yen Currency Futures 29 Short Dec 2016 (3,570,111) (3,585,306) (15,195)
Mini MSCI Emerging Markets Index Futures 338 Short Dec 2016 (15,169,635) (15,421,250) (251,615)
Nikkei 225 Futures 20 Short Dec 2016 (3,254,049) (3,244,416) 9,633
Russell 2000 Mini Index Futures 96 Short Dec 2016 (11,768,144) (11,983,680) (215,536)
S&P 500 Index E-Mini Futures 465 Short Dec 2016 (49,725,650) (50,229,301) (503,651)
S&P Mid 400 Index E-Mini Futures 134 Short Dec 2016 (20,517,337) (20,764,640) (247,303)
            ($1,393,161)
             

 

 

 

344

 

 

 

Lifestyle Balanced MVP            
The fund used futures contracts to manage volatility of returns.
Open contracts Number of contracts Position Expiration date Notional basis* Notional value* Unrealized
appreciation
(depreciation)
             
BP Currency Futures 337 Short Dec 2016 ($27,393,850) ($27,374,931) $18,919
Euro FX Futures 134 Short Dec 2016 (18,833,384) (18,888,975) (55,591)
Euro STOXX 50 Index Futures 569 Short Dec 2016 (18,869,825) (19,137,223) (267,398)
FTSE 100 Index Futures 313 Short Dec 2016 (27,405,565) (27,820,518) (414,953)
Japanese Yen Currency Futures 141 Short Dec 2016 (17,619,485) (17,432,006) 187,479
Mini MSCI Emerging Markets Index Futures 914 Short Dec 2016 (41,429,887) (41,701,250) (271,363)
Nikkei 225 Futures 108 Short Dec 2016 (17,506,624) (17,519,846) (13,222)
Russell 2000 Mini Index Futures 149 Short Dec 2016 (18,443,984) (18,599,670) (155,686)
S&P 500 Index E-Mini Futures 1,018 Short Dec 2016 (109,162,441) (109,964,360) (801,919)
S&P Mid 400 Index E-Mini Futures 288 Short Dec 2016 (44,239,114) (44,628,480) (389,366)
            ($2,163,100)
             
Lifestyle Conservative MVP            
The fund used futures contracts to manage volatility of returns.
Open contracts Number of contracts Position Expiration date Notional basis* Notional value* Unrealized
appreciation
(depreciation)
             
BP Currency Futures 48 Long Dec 2016 $3,988,366 $3,899,100 ($89,266)
Euro FX Futures 23 Long Dec 2016 3,246,587 3,242,138 (4,449)
Euro STOXX 50 Index Futures 100 Long Dec 2016 3,384,854 3,363,308 (21,546)
FTSE 100 Index Futures 44 Long Dec 2016 3,832,041 3,910,872 78,831
Japanese Yen Currency Futures 20 Long Dec 2016 2,451,120 2,472,625 21,505
Mini MSCI Emerging Markets Index Futures 77 Long Dec 2016 3,546,202 3,513,125 (33,077)
Nikkei 225 Futures 15 Long Dec 2016 2,504,519 2,433,312 (71,207)
Russell 2000 Mini Index Futures 34 Long Dec 2016 4,221,284 4,244,220 22,936
S&P 500 Index E-Mini Futures 120 Long Dec 2016 12,945,431 12,962,400 16,969
S&P Mid 400 Index E-Mini Futures 32 Long Dec 2016 4,986,957 4,958,720 (28,237)
            ($107,541)
             

 

 

 

345

 

 

 

Lifestyle Growth MVP            
The fund used futures contracts to manage volatility of returns.
Open contracts Number of contracts Position Expiration date Notional basis* Notional value* Unrealized
appreciation
(depreciation)
             
BP Currency Futures 1,979 Short Dec 2016 ($162,587,476) ($160,756,644) $1,830,832
Euro FX Futures 807 Short Dec 2016 (113,606,669) (113,756,738) (150,069)
Euro STOXX 50 Index Futures 3,369 Short Dec 2016 (111,558,245) (113,309,848) (1,751,603)
FTSE 100 Index Futures 1,797 Short Dec 2016 (155,754,039) (159,723,551) (3,969,512)
Japanese Yen Currency Futures 713 Short Dec 2016 (87,494,848) (88,149,081) (654,233)
Mini MSCI Emerging Markets Index Futures 3,473 Short Dec 2016 (154,492,508) (158,455,625) (3,963,117)
Nikkei 225 Futures 536 Short Dec 2016 (86,733,882) (86,950,348) (216,466)
Russell 2000 Mini Index Futures 924 Short Dec 2016 (112,719,420) (115,342,920) (2,623,500)
S&P 500 Index E-Mini Futures 6,393 Short Dec 2016 (681,471,352) (690,571,860) (9,100,508)
S&P Mid 400 Index E-Mini Futures 1,527 Short Dec 2016 (232,227,604) (236,623,920) (4,396,316)
            ($24,994,492)
             
Lifestyle Moderate MVP            
The fund used futures contracts to manage volatility of returns.
Open contracts Number of contracts Position Expiration date Notional basis* Notional value* Unrealized
appreciation
(depreciation)
             
BP Currency Futures 44 Long Dec 2016 $3,611,987 $3,574,175 ($37,812)
Euro FX Futures 22 Long Dec 2016 3,103,839 3,101,175 (2,664)
Euro STOXX 50 Index Futures 93 Long Dec 2016 3,179,309 3,127,876 (51,433)
FTSE 100 Index Futures 40 Long Dec 2016 3,569,847 3,555,338 (14,509)
Russell 2000 Mini Index Futures 34 Long Dec 2016 4,256,846 4,244,220 (12,626)
S&P 500 Index E-Mini Futures 154 Long Dec 2016 16,707,839 16,635,080 (72,759)
S&P Mid 400 Index E-Mini Futures 29 Long Dec 2016 4,511,981 4,493,840 (18,141)
Japanese Yen Currency Futures 45 Short Dec 2016 (5,507,049) (5,563,406) (56,357)
Mini MSCI Emerging Markets Index Futures 63 Short Dec 2016 (2,791,334) (2,874,375) (83,041)
Nikkei 225 Futures 34 Short Dec 2016 (5,479,137) (5,515,507) (36,370)
            ($385,712)
             
Mid Cap Index Trust              
The portfolio used futures contracts to manage against anticipated changes in securities markets, gain exposure to certain securities, as a substitute for securities purchases and to maintain diversity of the portfolio.
Open contracts Number of contracts Position Expiration date Notional basis* Notional value* Unrealized
appreciation
(depreciation)
             
S&P Mid 400 Index E-Mini Futures 177 Long Dec 2016 $27,702,203 $27,427,920 ($274,283)
            ($274,283)
             

 

 

 

346

 

 

 

New Income Trust            
The portfolio used futures contracts to gain exposure to the U.S. treasury market, maintain diversity of the portfolio, manage against anticipated changes in securities markets, manage duration of the portfolio and as a substitute for securities purchased.
Open contracts Number of contracts Position Expiration date Notional basis* Notional value* Unrealized
appreciation
(depreciation)
             
2-Year U.S. Treasury Note Futures 157 Long Dec 2016 $34,299,847 $34,299,594 ($253)
U.S. Treasury Long Bond Futures 90 Long Dec 2016 15,383,113 15,134,062 (249,051)
Ultra U.S. Treasury Bond Futures 9 Long Dec 2016 1,688,921 1,654,875 (34,046)
5-Year U.S. Treasury Note Futures 69 Short Dec 2016 (8,381,771) (8,384,578) (2,807)
10-Year U.S. Treasury Note Futures 160 Short Dec 2016 (21,003,196) (20,980,000) 23,196
            ($262,961)
             
Small Cap Index Trust            
The portfolio used futures contracts to gain exposure to certain securities and as a substitute for securities purchased.
Open contracts Number of contracts Position Expiration date Notional basis* Notional value* Unrealized
appreciation
(depreciation)
             
Russell 2000 Mini Index Futures 193 Long Dec 2016 $24,087,134 $24,092,190 $5,056
            $5,056
             
Strategic Equity Allocation Trust            
The portfolio used futures contracts to gain exposure to certain securities and as a substitute for securities purchased.
Open contracts Number of contracts Position Expiration date Notional basis* Notional value* Unrealized
appreciation
(depreciation)
             
Mini MSCI EAFE Index Futures 1,768 Long Dec 2016 $151,636,962 $150,872,280 ($764,682)
Russell 2000 Mini Index Futures 62 Long Dec 2016 7,740,060 7,739,460 (600)
S&P 500 Index Futures 149 Long Dec 2016 80,862,823 80,474,900 (387,923)
S&P Mid 400 Index E-Mini Futures 92 Long Dec 2016 14,413,641 14,256,320 (157,321)
            ($1,310,526)

 

 

 

347

 

 

 

             
Strategic Income Opportunities Trust            
The portfolio used futures contracts to manage duration of the portfolio.
Open contracts Number of contracts Position Expiration date Notional basis* Notional value* Unrealized
appreciation
(depreciation)
             
5-Year U.S. Treasury Note Futures 173 Short Dec 2016 ($21,000,634) ($21,022,203) ($21,569)
10-Year U.S. Treasury Note Futures 299 Short Dec 2016 (38,987,270) (39,206,375) (219,105)
U.S. Treasury Long Bond Futures 258 Short Dec 2016 (42,985,828) (43,384,312) (398,484)
            ($639,158)
             
Total Stock Market Index Trust              
The portfolio used futures contracts to manage against anticipated changes in securities, gain exposure to certain securities, as a substitute for securities purchased and to maintain diversity of the portfolio.
Open contracts Number of contracts Position Expiration date Notional basis* Notional value* Unrealized
appreciation
(depreciation)
             
Russell 2000 Mini Index Futures 14 Long Dec 2016 $1,746,926 $1,747,620 $694
S&P 500 Index Futures 20 Long Dec 2016 10,836,790 10,802,000 (34,790)
S&P Mid 400 Index E-Mini Futures 6 Long Dec 2016 942,474 929,760 (12,714)
            ($46,810)
             
*Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

 

 

 

 

348

 

 

 

Forward foreign currency contracts. A forward foreign currency contract is an agreement between two parties to buy and sell specific currencies at a price that is set on the date of the contract. The forward contract calls for delivery of the currencies 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 if applicable, and the risk that currency movements will not favor a portfolio 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 the portfolios 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 tables summarize the contracts held at September 30, 2016. In addition, the tables detail how the portfolios used forward foreign currency contracts during the period ended September 30, 2016.

 

Alpha Opportunities Trust              
The portfolio used forward foreign currency contracts to manage against anticipated changes in currency exchange rates.
Contract to buy Contract to sell Counterparty Contractual
settlement
date		 Unrealized
appreciation		 Unrealized
depreciation		 Net unrealized
appreciation/
(depreciation)
USD 72,345 CHF 70,000 Citibank, N.A. 12/21/2016                                -    ($52) ($52)
                                           -    ($52) ($52)
                 
Global Bond Trust              
The portfolio used forward foreign currency contracts to manage against anticipated changes in currency exchange rates, gain exposure to foreign currencies and to maintain diversity of the portfolio.
Contract to buy Contract to sell Counterparty Contractual
settlement
date		 Unrealized
appreciation		 Unrealized
depreciation		 Net unrealized
appreciation/
(depreciation)
AUD 11,184,000 USD 8,436,416 Goldman Sachs Bank USA 10/4/2016 $123,257                                -    $123,257
AUD 7,610,000 USD 5,774,750 UBS AG 11/2/2016 46,021                                -    46,021
BRL 25,638,469 USD 7,849,111 Bank of America, N.A. 10/4/2016 34,434                                -    34,434
BRL 31,300,000 USD 9,642,043 Barclays Capital 10/4/2016                                -    ($17,641) (17,641)
BRL 4,600,000 USD 1,397,633 Deutsche Bank AG London 10/4/2016 16,816                                -    16,816
BRL 18,300,000 USD 5,349,523 JPMorgan Chase Bank, N.A. 10/4/2016 277,524                                -    277,524
BRL 33,400,000 USD 10,286,418 Morgan Stanley Bank, N.A. 10/4/2016                                -    (16,289) (16,289)
BRL 19,738,469 USD 6,046,306 Morgan Stanley Bank, N.A. 11/3/2016                                -    (28,549) (28,549)
CAD 24,758,000 USD 18,715,217 JPMorgan Chase Bank, N.A. 10/4/2016 156,091                                -    156,091
CAD 170,000 USD 130,291 UBS AG 10/4/2016                                -    (712) (712)
CAD 6,600,000 USD 5,139,787 Standard Chartered Bank 10/7/2016                                -    (108,935) (108,935)
CAD 3,100,000 USD 2,396,559 Citibank, N.A. 10/14/2016                                -    (33,450) (33,450)
CAD 11,800,000 USD 9,179,019 Goldman Sachs Bank USA 10/14/2016                                -    (183,960) (183,960)
CAD 3,000,000 USD 2,324,326 UBS AG 10/18/2016                                -    (37,379) (37,379)
CAD 2,865,000 USD 2,198,192 HSBC Bank USA 10/20/2016                                -    (14,126) (14,126)

 

 

 

349

 

 

 

Contract to buy Contract to sell Counterparty Contractual
settlement
date		 Unrealized
appreciation		 Unrealized
depreciation		 Net unrealized
appreciation/
(depreciation)
CAD 3,300,000 USD 2,501,061 Citibank, N.A. 10/24/2016 14,689                                -    14,689
CHF 120,000 USD 123,319 Morgan Stanley Bank, N.A. 11/14/2016 496                                -    496
CHF 2,911,000 USD 2,997,730 Standard Chartered Bank 11/14/2016 5,826                                -    5,826
CNY 3,280,200 USD 497,000 BNP Paribas SA 10/20/2016                                -    (5,462) (5,462)
CNY 11,663,496 USD 1,780,279 Citibank, N.A. 10/20/2016                                -    (32,503) (32,503)
CNY 46,851,944 USD 7,112,248 Standard Chartered Bank London 10/20/2016                                -    (91,481) (91,481)
CNY 5,190,086 USD 786,615 HSBC Bank USA 1/6/2017                                -    (11,069) (11,069)
CNY 13,522,700 USD 2,040,392 Bank of America, N.A. 1/13/2017                                -    (20,130) (20,130)
CNY 13,580,872 USD 2,050,872 HSBC Bank USA 1/13/2017                                -    (21,918) (21,918)
DKK 44,869,000 USD 6,754,328 Bank of America, N.A. 10/3/2016 15,388                                -    15,388
DKK 80,214,000 USD 12,074,057 HSBC Bank USA 10/3/2016 28,419                                -    28,419
EUR 2,363,000 USD 2,677,780 BNP Paribas SA 11/14/2016                                -    (18,350) (18,350)
EUR 94,198,769 USD 104,780,840 JPMorgan Chase Bank, N.A. 11/14/2016 1,234,822                                -    1,234,822
EUR 2,606,000 USD 2,959,380 Standard Chartered Bank 11/14/2016                                -    (26,467) (26,467)
GBP 1,410,000 USD 1,829,593 BNP Paribas SA 11/14/2016                                -    (576) (576)
GBP 9,164,000 USD 12,142,508 Citibank, N.A. 11/14/2016                                -    (255,190) (255,190)
GBP 7,118,000 USD 9,354,934 Goldman Sachs Bank USA 11/14/2016                                -    (121,637) (121,637)
IDR 1,921,257,000 USD 144,174 UBS AG 11/10/2016 2,228                                -    2,228
INR 105,553,400 USD 1,555,000 Goldman Sachs Bank USA 11/10/2016 20,183                                -    20,183
INR 75,223,470 USD 1,109,000 HSBC Bank USA 11/10/2016 13,567                                -    13,567
JPY 650,000,000 USD 6,407,704 Barclays Bank PLC Wholesale 11/14/2016 12,926                                -    12,926
JPY 474,400,000 USD 4,655,874 HSBC Bank USA 11/14/2016 30,198                                -    30,198
JPY 8,165,163,093 USD 80,195,174 JPMorgan Chase Bank, N.A. 11/14/2016 459,424                                -    459,424
JPY 80,000,000 USD 787,824 UBS AG 12/21/2016 3,824                                -    3,824
KRW 1,584,220,800 USD 1,416,000 Citibank, N.A. 11/10/2016 22,081                                -    22,081
KRW 1,793,476,900 USD 1,604,000 JPMorgan Chase Bank, N.A. 11/10/2016 24,034                                -    24,034
KRW 837,543,200 USD 753,593 Standard Chartered Bank London 11/10/2016 6,689                                -    6,689
MXN 39,084,676 USD 2,152,738 Citibank, N.A. 10/20/2016                                -    (140,749) (140,749)
SEK 27,210,000 USD 3,212,528 Citibank, N.A. 11/14/2016                                -    (34,334) (34,334)
SGD 4,287,000 USD 3,194,248 Citibank, N.A. 11/10/2016                                -    (49,845) (49,845)
SGD 1,762,896 USD 1,295,000 Nomura Global Financial Products, Inc. 11/10/2016                                -    (1,961) (1,961)
TWD 11,787,600 USD 376,000 Citibank, N.A. 11/10/2016 428                                -    428
TWD 27,036,240 USD 847,000 Deutsche Bank AG London 11/10/2016 16,381                                -    16,381
TWD 48,889,750 USD 1,535,000 JPMorgan Chase Bank, N.A. 11/10/2016 26,256                                -    26,256
USD 3,380,209 AUD 4,476,000 JPMorgan Chase Bank, N.A. 10/4/2016                                -    (45,497) (45,497)
USD 7,558,865 BRL 25,638,469 Bank of America, N.A. 10/4/2016                                -    (324,679) (324,679)

 

 

 

350

 

 

 

Contract to buy Contract to sell Counterparty Contractual
settlement
date		 Unrealized
appreciation		 Unrealized
depreciation		 Net unrealized
appreciation/
(depreciation)
USD 8,158,478 BRL 31,300,000 Barclays Capital 10/4/2016                                -    (1,465,925) (1,465,925)
USD 1,417,041 BRL 4,600,000 Deutsche Bank AG London 10/4/2016 2,593                                -    2,593
USD 4,752,630 BRL 18,300,000 JPMorgan Chase Bank, N.A. 10/4/2016                                -    (874,417) (874,417)
USD 10,305,293 BRL 33,400,000 Morgan Stanley Bank, N.A. 10/4/2016 35,164                                -    35,164
USD 3,499,679 BRL 13,100,000 JPMorgan Chase Bank, N.A. 7/5/2017                                -    (236,932) (236,932)
USD 10,461,626 BRL 36,600,000 Morgan Stanley Bank, N.A. 7/5/2017 21,933                                -    21,933
USD 16,663,762 CAD 21,511,000 Bank of America, N.A. 10/4/2016 267,417                                -    267,417
USD 2,652,475 CAD 3,417,000 Goldman Sachs Bank USA 10/4/2016 47,933                                -    47,933
USD 18,565,291 CAD 24,558,000 JPMorgan Chase Bank, N.A. 11/2/2016                                -    (157,698) (157,698)
USD 213,222 CHF 207,000 Citibank, N.A. 11/14/2016                                -    (359) (359)
USD 497,000 CNY 3,276,970 BNP Paribas SA 10/20/2016 5,946                                -    5,946
USD 1,784,493 CNY 11,668,800 Citibank, N.A. 10/20/2016 35,922                                -    35,922
USD 7,116,659 CNY 46,841,843 Standard Chartered Bank London 10/20/2016 97,402                                -    97,402
USD 7,329,179 CNY 49,132,874 Bank of America, N.A. 10/24/2016                                -    (32,060) (32,060)
USD 141,736 CNY 950,257 Citibank, N.A. 10/24/2016                                -    (634) (634)
USD 489,000 CNY 3,279,332 Goldman Sachs Bank USA 10/24/2016                                -    (2,320) (2,320)
USD 7,618,540 CNY 50,822,221 HSBC Bank USA 10/24/2016 4,198                                -    4,198
USD 754,977 CNY 5,190,086 Standard Chartered Bank London 1/6/2017                                -    (20,569) (20,569)
USD 1,133,000 CNY 7,821,666 Bank of America, N.A. 1/13/2017                                -    (35,540) (35,540)
USD 2,786,000 CNY 19,281,906 BNP Paribas SA 1/13/2017                                -    (94,675) (94,675)
USD 1,470,014 DKK 9,780,000 Bank of America, N.A. 10/3/2016                                -    (5,567) (5,567)
USD 8,848,399 DKK 58,565,000 BNP Paribas SA 10/3/2016 12,266                                -    12,266
USD 1,730,818 DKK 11,555,000 Goldman Sachs Bank USA 10/3/2016                                -    (12,570) (12,570)
USD 11,500,304 DKK 76,395,000 HSBC Bank USA 10/3/2016                                -    (25,972) (25,972)
USD 3,720,910 DKK 24,714,600 JPMorgan Chase Bank, N.A. 10/3/2016                                -    (7,962) (7,962)
USD 7,240,298 DKK 47,900,000 Bank of America, N.A. 1/3/2017                                -    (19,027) (19,027)
USD 6,810,716 DKK 44,869,000 Bank of America, N.A. 4/3/2017                                -    (19,209) (19,209)
USD 1,943,578 DKK 12,920,000 HSBC Bank USA 4/3/2017                                -    (23,095) (23,095)
USD 4,651,969 DKK 30,630,000 Morgan Stanley Bank, N.A. 4/3/2017                                -    (10,507) (10,507)
USD 3,950,431 DKK 26,140,000 Bank of America, N.A. 7/3/2017                                -    (46,632) (46,632)
USD 1,622,714 DKK 10,550,000 BNP Paribas SA 7/3/2017 9,515                                -    9,515
USD 10,169,823 DKK 67,020,000 JPMorgan Chase Bank, N.A. 7/3/2017                                -    (78,195) (78,195)
USD 1,625,827 DKK 10,740,000 Morgan Stanley Bank, N.A. 7/3/2017                                -    (16,424) (16,424)
USD 12,283,920 DKK 80,214,000 HSBC Bank USA 10/2/2017                                -    (39,025) (39,025)
USD 3,199,748 EUR 2,858,000 BNP Paribas SA 11/14/2016                                -    (16,778) (16,778)
USD 787,399 EUR 698,000 Citibank, N.A. 11/14/2016 1,837                                -    1,837

 

 

 

351

 

 

 

Contract to buy Contract to sell Counterparty Contractual
settlement
date		 Unrealized
appreciation		 Unrealized
depreciation		 Net unrealized
appreciation/
(depreciation)
USD 1,023,042 EUR 909,000 Goldman Sachs Bank USA 11/14/2016 12                                -    12
USD 1,201,054 EUR 1,067,000 JPMorgan Chase Bank, N.A. 11/14/2016 202                                -    202
USD 1,793,864 EUR 1,600,000 UBS AG 12/21/2016                                -    (9,990) (9,990)
USD 531,234 GBP 409,000 BNP Paribas SA 11/14/2016 689                                -    689
USD 2,346,690 GBP 1,794,000 Citibank, N.A. 11/14/2016 19,556                                -    19,556
USD 2,712,308 GBP 2,083,000 Goldman Sachs Bank USA 11/14/2016 10,292                                -    10,292
USD 3,556,838 GBP 2,740,000 JPMorgan Chase Bank, N.A. 11/14/2016 2,576                                -    2,576
USD 1,886,426 GBP 1,422,000 Standard Chartered Bank 11/14/2016 41,843                                -    41,843
USD 25,620,655 JPY 2,580,000,000 Citibank, N.A. 10/11/2016 171,083                                -    171,083
USD 12,274,025 JPY 1,290,000,000 Credit Suisse International 10/17/2016                                -    (453,947) (453,947)
USD 12,007,871 JPY 1,280,000,000 JPMorgan Chase Bank, N.A. 10/24/2016                                -    (625,125) (625,125)
USD 12,276,724 JPY 1,280,000,000 JPMorgan Chase Bank, N.A. 10/31/2016                                -    (359,963) (359,963)
USD 3,360,296 JPY 347,300,000 Citibank, N.A. 11/14/2016                                -    (70,296) (70,296)
USD 3,557,072 JPY 362,700,000 Credit Suisse International 11/14/2016                                -    (25,640) (25,640)
USD 2,964,986 JPY 301,100,000 UBS AG 11/14/2016                                -    (9,247) (9,247)
USD 9,690,758 JPY 967,000,000 HSBC Bank USA 11/21/2016 136,242                                -    136,242
USD 2,938,574 JPY 293,000,000 JPMorgan Chase Bank, N.A. 11/21/2016 43,565                                -    43,565
USD 9,121,479 JPY 940,000,000 JPMorgan Chase Bank, N.A. 12/5/2016                                -    (171,310) (171,310)
USD 62,128,366 JPY 6,290,000,000 Goldman Sachs Bank USA 12/12/2016                                -    (80,803) (80,803)
USD 6,435,962 JPY 650,000,000 HSBC Bank USA 2/10/2017                                -    (12,649) (12,649)
USD 1,391,517 KRW 1,547,853,717 UBS AG 11/10/2016                                -    (13,552) (13,552)
USD 223,000 MXN 4,447,066 Goldman Sachs Bank USA 10/20/2016                                -    (5,925) (5,925)
USD 512,238 NOK 4,240,000 Goldman Sachs Bank USA 11/14/2016                                -    (18,192) (18,192)
USD 5,556,756 NZD 7,600,000 JPMorgan Chase Bank, N.A. 10/4/2016 22,814                                -    22,814
USD 5,515,411 NZD 7,600,000 Standard Chartered Bank 11/2/2016                                -    (11,918) (11,918)
USD 1,149,375 SEK 9,715,000 Goldman Sachs Bank USA 11/14/2016 14,640                                -    14,640
USD 890,634 SGD 1,193,339 Barclays Bank PLC Wholesale 11/10/2016 15,351                                -    15,351
USD 11,390,784 SGD 15,277,661 HSBC Bank USA 11/10/2016 185,017                                -    185,017
USD 100,966 SGD 135,254 UBS AG 11/10/2016 1,761                                -    1,761
USD 5,764,083 TWD 183,586,040 UBS AG 11/10/2016                                -    (98,594) (98,594)
            $3,799,771 ($6,852,132) ($3,052,361)

 

 

 

352

 

 

 

                 
High Yield Trust              
The portfolio used forward foreign currency contracts to manage against anticipated changes in currency exchange rates.
Contract to buy Contract to sell Counterparty Contractual
settlement
date		 Unrealized
appreciation		 Unrealized
depreciation		 Net unrealized
appreciation/
(depreciation)
CAD 2,322,428 USD 1,769,678 Citibank, N.A. 11/10/2016 $1,034                                -    $1,034
EUR 53,586 USD 59,844 Citibank, N.A. 11/10/2016 454                                -    454
USD 175,945 EUR 156,536 Citibank, N.A. 11/10/2016                                -    ($198) (198)
            $1,488 ($198) $1,290
                 
Investment Quality Bond Trust              
The portfolio used forward foreign currency contracts to manage against anticipated changes in currency exchange rates, gain exposure to foreign currencies and as a substitute for securities purchased.
Contract to buy Contract to sell Counterparty Contractual
settlement
date		 Unrealized
appreciation		 Unrealized
depreciation		 Net unrealized
appreciation/
(depreciation)
COP 736,050,000 USD 251,169 Goldman Sachs International 10/21/2016 $3,273                                -    $3,273
COP 736,050,000 USD 254,381 State Street Bank and Trust Company 10/21/2016 61                                -    61
EUR 130,000 USD 148,968 Bank of America, N.A. 3/15/2017                                -    ($1,829) (1,829)
EUR 75,000 USD 83,250 Citibank, N.A. 3/15/2017 1,638                                -    1,638
EUR 160,000 USD 183,459 UBS AG 3/15/2017                                -    (2,365) (2,365)
IDR 3,338,500,000 USD 255,237 Citibank, N.A. 10/21/2016                                -    (83) (83)
RUB 16,325,000 USD 254,998 Credit Suisse International 10/21/2016 3,980                                -    3,980
RUB 16,325,000 USD 254,680 JPMorgan Chase Bank, N.A. 10/21/2016 4,299                                -    4,299
USD 388,889 BRL 1,295,000 Goldman Sachs International 12/2/2016                                -    (2,688) (2,688)
USD 1,107,630 BRL 3,677,000 Morgan Stanley and Company International PLC 12/2/2016                                -    (4,205) (4,205)
USD 508,103 COP 1,472,100,000 Standard Chartered Bank 10/21/2016                                -    (781) (781)
USD 299,614 COP 895,100,000 State Street Bank and Trust Company 12/21/2016                                -    (6,733) (6,733)
USD 1,977,659 EUR 1,760,000 UBS AG 10/31/2016                                -    (1,917) (1,917)
USD 196,840 EUR 175,000 Bank of America, N.A. 12/21/2016                                -    (457) (457)
USD 392,401 EUR 365,000 Bank of America, N.A. 3/15/2017                                -    (20,720) (20,720)
USD 536,387 GBP 414,000 UBS AG 10/31/2016                                -    (517) (517)
USD 257,600 IDR 3,338,500,000 Citibank, N.A. 10/21/2016 2,446                                -    2,446
USD 742,970 IDR 9,920,880,000 Standard Chartered Bank 12/21/2016                                -    (8,308) (8,308)
USD 2,028,496 JPY 210,000,000 Citibank, N.A. 1/11/2017                                -    (52,029) (52,029)
USD 838,857 RON 3,360,000 Citibank, N.A. 6/26/2017                                -    (15,182) (15,182)
USD 155,513 RON 610,000 BNP Paribas SA 8/28/2017 320                                -    320
USD 259,061 RON 1,015,000 JPMorgan Chase Bank, N.A. 8/28/2017 830                                -    830
USD 515,025 RUB 32,650,000 JPMorgan Chase Bank, N.A. 10/21/2016                                -    (2,932) (2,932)
USD 470,139 THB 16,429,000 Royal Bank of Scotland PLC 12/21/2016                                -    (3,508) (3,508)
USD 200,458 TRY 607,000 Royal Bank of Scotland PLC 12/21/2016 1,326                                -    1,326
USD 297,409 ZAR 4,300,000 Goldman Sachs International 12/21/2016                                -    (11,245) (11,245)
ZAR 6,970,000 USD 512,421 Goldman Sachs International 10/21/2016                                -    (6,131) (6,131)
ZAR 4,300,000 USD 301,749 Goldman Sachs International 12/21/2016 6,906                                -    6,906
            $25,079 ($141,630) ($116,551)

 

 

 

353

 

 

 

                 
Mutual Shares Trust                
The portfolio used forward foreign currency contracts to manage against anticipated changes in currency exchange rates and to maintain diversity of the portfolio.
Contract to buy Contract to sell Counterparty Contractual
settlement
date		 Unrealized
appreciation		 Unrealized
depreciation		 Net unrealized
appreciation/
(depreciation)
EUR 29,987 USD 33,511 Bank of America, N.A. 11/4/2016 $223                                -    $223
EUR 61,347 USD 68,697 Credit Suisse International 11/4/2016 317                                -    317
EUR 253,135 USD 283,619 HSBC Bank PLC 11/4/2016 1,150                                -    1,150
EUR 492,216 USD 553,468 State Street Bank and Trust Company 11/4/2016 259                                -    259
EUR 116,346 USD 130,800 UBS AG 11/4/2016 86                                -    86
GBP 23,287 USD 30,994 State Street Bank and Trust Company 10/24/2016                                -    ($798) (798)
GBP 1,127,752 USD 1,538,417 Bank of America, N.A. 11/23/2016                                -    (75,315) (75,315)
GBP 162,323 USD 215,359 Credit Suisse International 11/23/2016                                -    (4,767) (4,767)
GBP 605,025 USD 825,729 HSBC Bank PLC 11/23/2016                                -    (40,791) (40,791)
GBP 1,041,242 USD 1,395,622 State Street Bank and Trust Company 11/23/2016                                -    (44,754) (44,754)
KRW 184,195,499 USD 165,336 Credit Suisse International 11/14/2016 1,864                                -    1,864
KRW 325,407,942 USD 292,533 HSBC Bank PLC 11/14/2016 2,850                                -    2,850
USD 99,786 EUR 89,317 Bank of America, N.A. 10/18/2016                                -    (613) (613)
USD 14,785,501 EUR 13,371,404 Credit Suisse International 10/18/2016                                -    (244,981) (244,981)
USD 419,648 EUR 373,798 HSBC Bank PLC 10/18/2016                                -    (530) (530)
USD 488,454 EUR 436,916 State Street Bank and Trust Company 10/18/2016                                -    (2,672) (2,672)
USD 93,046 EUR 82,614 UBS AG 10/18/2016 181                                -    181
USD 1,267,643 EUR 1,116,020 Bank of America, N.A. 11/4/2016 12,156                                -    12,156
USD 311,782 EUR 280,064 Credit Suisse International 11/4/2016                                -    (3,284) (3,284)
USD 2,194,238 EUR 1,933,025 HSBC Bank PLC 11/4/2016 19,643                                -    19,643
USD 771,683 EUR 689,964 State Street Bank and Trust Company 11/4/2016                                -    (4,504) (4,504)
USD 199,365 GBP 153,221 Credit Suisse International 10/24/2016 683                                -    683
USD 271,878 GBP 208,243 HSBC Bank PLC 10/24/2016 1,849                                -    1,849
USD 160,212 GBP 123,097 State Street Bank and Trust Company 10/24/2016 592                                -    592
USD 273,156 GBP 203,757 Bank of America, N.A. 11/23/2016 8,809                                -    8,809
USD 284,260 GBP 215,169 Credit Suisse International 11/23/2016 5,108                                -    5,108
USD 34,656,266 GBP 23,744,774 HSBC Bank PLC 11/23/2016 3,850,710                                -    3,850,710
USD 779,407 GBP 563,653 State Street Bank and Trust Company 11/23/2016 48,145                                -    48,145
USD 718,581 KRW 807,038,739 Bank of America, N.A. 10/14/2016                                -    (14,147) (14,147)
USD 1,078,578 KRW 1,211,699,641 Credit Suisse International 10/14/2016                                -    (21,552) (21,552)
USD 1,937,133 KRW 2,174,838,117 HSBC Bank PLC 10/14/2016                                -    (37,452) (37,452)
USD 45,311 KRW 49,842,201 UBS AG 10/14/2016 58                                -    58
USD 533,714 KRW 616,251,811 Bank of America, N.A. 11/14/2016                                -    (25,676) (25,676)
USD 950,388 KRW 1,080,524,452 Credit Suisse International 11/14/2016                                -    (30,435) (30,435)
USD 2,200,915 KRW 2,510,014,681 HSBC Bank PLC 11/14/2016                                -    (77,495) (77,495)
            $3,954,683 ($629,766) $3,324,917
                 
New Income Trust              
The portfolio used forward foreign currency contracts to manage against anticipated changes in currency exchange rates, gain exposure to foreign currencies, maintain diversity of the portfolio and as a substitute for securities purchased.
Contract to buy Contract to sell Counterparty Contractual
settlement
date		 Unrealized
appreciation		 Unrealized
depreciation		 Net unrealized
appreciation/
(depreciation)
USD 3,437,540 JPY 350,000,000 Westpac Banking Corporation 11/28/2016                                -    ($21,601) ($21,601)
USD 2,001,608 MXN 37,355,000 Bank of America, N.A. 10/27/2016 $80,230                                -    80,230
USD 825,417 MXN 15,640,000 BNP Paribas SA 10/27/2016 20,964                                -    20,964
USD 3,846,644 MXN 72,490,000 Royal Bank of Scotland PLC 10/27/2016 118,076                                -    118,076
USD 1,402,975 ZAR 19,450,000 HSBC Bank USA 12/28/2016 8,821                                -    8,821
            $228,091 ($21,601) $206,490

 

 

 

354

 

 

 

                 
Strategic Income Opportunities Trust            
The portfolio used forward foreign currency contracts to manage against anticipated changes in currency exchange rates and to enhance potential gain/income.
Contract to buy Contract to sell Counterparty Contractual
settlement
date		 Unrealized
appreciation		 Unrealized
depreciation		 Net unrealized
appreciation/
(depreciation)
AUD 7,980,000 CAD 7,872,908 Royal Bank of Canada 12/21/2016 $92,496                                -    $92,496
AUD 8,300,000 NZD 8,878,228 Citibank, N.A. 12/21/2016                                -    ($103,945) (103,945)
AUD 12,410,000 NZD 13,237,685 Goldman Sachs Bank USA 12/21/2016                                -    (128,651) (128,651)
AUD 13,905,000 NZD 14,736,287 HSBC Bank USA 12/21/2016                                -    (74,379) (74,379)
AUD 4,130,000 USD 3,146,110 Australia and New Zealand Banking Group 12/21/2016 9,277                                -    9,277
AUD 7,845,000 USD 5,934,084 State Street Bank and Trust Company 12/21/2016 59,624                                -    59,624
AUD 4,115,000 USD 3,085,448 U.S. Bank 12/21/2016 58,479                                -    58,479
CAD 15,581,362 AUD 15,505,000 Goldman Sachs Bank USA 12/21/2016 37,212                                -    37,212
CAD 11,951,802 AUD 12,015,000 Royal Bank of Canada 12/21/2016                                -    (64,491) (64,491)
CAD 6,018,203 EUR 4,135,000 Citibank, N.A. 12/21/2016                                -    (71,991) (71,991)
CAD 7,781,828 EUR 5,260,000 Goldman Sachs Bank USA 12/21/2016 4,720                                -    4,720
CAD 11,781,755 EUR 7,960,000 Standard Chartered Bank 12/21/2016 11,302                                -    11,302
CAD 10,520,420 USD 8,040,000 Bank of Nova Scotia 12/21/2016                                -    (16,495) (16,495)
CAD 8,627,343 USD 6,532,184 Citibank, N.A. 12/21/2016 47,547                                -    47,547
CAD 101,787,011 USD 77,515,578 Royal Bank of Canada 12/21/2016 113,319                                -    113,319
CAD 42,534,463 USD 32,369,470 Toronto Dominion Bank 12/21/2016 69,869                                -    69,869
EUR 4,135,000 CAD 5,992,277 Citibank, N.A. 12/21/2016 91,764                                -    91,764
EUR 5,260,000 CAD 7,804,130 Goldman Sachs Bank USA 12/21/2016                                -    (21,730) (21,730)
EUR 7,960,000 CAD 11,815,506 Standard Chartered Bank 12/21/2016                                -    (37,042) (37,042)
GBP 22,800,000 USD 30,365,492 HSBC Bank USA 12/21/2016                                -    (765,533) (765,533)
GBP 4,125,000 USD 5,509,350 Standard Chartered Bank 12/21/2016                                -    (154,094) (154,094)
GBP 5,195,000 USD 6,763,970 State Street Bank and Trust Company 12/21/2016                                -    (19,594) (19,594)
GBP 12,770,000 USD 16,981,238 U.S. Bank 12/21/2016                                -    (402,665) (402,665)
GBP 4,235,000 USD 5,650,104 UBS AG 12/21/2016                                -    (152,042) (152,042)
JPY 451,940,445 EUR 4,015,000 Standard Chartered Bank 12/21/2016                                -    (54,322) (54,322)
MXN 69,095,752 USD 3,550,000 State Street Bank and Trust Company 12/21/2016                                -    (17,087) (17,087)
NOK 16,278,750 USD 2,014,205 Goldman Sachs Bank USA 12/21/2016 22,450                                -    22,450
NZD 6,864,910 AUD 6,500,000 Citibank, N.A. 12/21/2016 17,577                                -    17,577
NZD 8,802,318 AUD 8,265,000 State Street Bank and Trust Company 12/21/2016 75,579                                -    75,579
NZD 8,290,000 USD 5,925,070 Australia and New Zealand Banking Group 12/21/2016 93,177                                -    93,177
NZD 16,240,000 USD 11,837,513 Citibank, N.A. 12/21/2016                                -    (47,845) (47,845)
NZD 16,090,000 USD 11,716,928 Goldman Sachs Bank USA 12/21/2016                                -    (36,156) (36,156)
NZD 8,235,000 USD 6,051,737 HSBC Bank USA 12/21/2016                                -    (73,418) (73,418)
NZD 3,900,000 USD 2,777,853 Standard Chartered Bank 12/21/2016 53,409                                -    53,409
NZD 2,724,414 USD 1,967,197 State Street Bank and Trust Company 12/21/2016 10,631                                -    10,631
NZD 4,115,000 USD 2,994,156 U.S. Bank 12/21/2016                                -    (6,812) (6,812)
SGD 8,523,886 USD 6,270,000 Royal Bank of Canada 12/21/2016                                -    (17,471) (17,471)
SGD 1,900,906 USD 1,400,000 State Street Bank and Trust Company 12/21/2016                                -    (5,628) (5,628)
SGD 8,995,295 USD 6,650,000 UBS AG 12/21/2016                                -    (51,677) (51,677)
USD 34,479,072 AUD 46,110,471 Australia and New Zealand Banking Group 12/21/2016                                -    (750,076) (750,076)
USD 3,083,747 AUD 4,130,000 Citibank, N.A. 12/21/2016                                -    (71,640) (71,640)

 

 

 

355

 

 

 

Contract to buy Contract to sell Counterparty Contractual
settlement
date		 Unrealized
appreciation		 Unrealized
depreciation		 Net unrealized
appreciation/
(depreciation)
USD 12,618,763 AUD 16,575,000 Goldman Sachs Bank USA 12/21/2016                                -    (44,806) (44,806)
USD 2,829,344 AUD 3,715,000 State Street Bank and Trust Company 12/21/2016                                -    (8,976) (8,976)
USD 3,103,862 AUD 4,115,000 U.S. Bank 12/21/2016                                -    (40,065) (40,065)
USD 4,135,000 CAD 5,437,174 Bank of Montreal 12/21/2016                                -    (11,716) (11,716)
USD 8,305,000 CAD 10,849,237 Bank of Nova Scotia 12/21/2016 30,719                                -    30,719
USD 23,005,000 CAD 30,011,310 Citibank, N.A. 12/21/2016 116,570                                -    116,570
USD 89,585,844 CAD 117,493,145 Royal Bank of Canada 12/21/2016                                -    (21,497) (21,497)
USD 727,325 CAD 950,000 State Street Bank and Trust Company 12/21/2016 2,798                                -    2,798
USD 7,980,000 CAD 10,407,676 Toronto Dominion Bank 12/21/2016 42,480                                -    42,480
USD 977,242 EUR 877,146 JPMorgan Chase Bank, N.A. 12/21/2016                                -    (11,660) (11,660)
USD 32,947,223 GBP 24,956,293 HSBC Bank USA 12/21/2016 547,872                                -    547,872
USD 5,417,445 GBP 4,125,000 Standard Chartered Bank 12/21/2016 62,189                                -    62,189
USD 1,528,099 GBP 1,165,000 State Street Bank and Trust Company 12/21/2016 15,645                                -    15,645
USD 22,131,171 GBP 16,801,363 U.S. Bank 12/21/2016 318,906                                -    318,906
USD 5,646,695 GBP 4,235,000 UBS AG 12/21/2016 148,632                                -    148,632
USD 2,600,000 MXN 48,002,760 Goldman Sachs Bank USA 12/21/2016 145,586                                -    145,586
USD 1,450,000 MXN 28,391,362 Royal Bank of Canada 12/21/2016                                -    (1,670) (1,670)
USD 13,175,158 MXN 253,057,068 State Street Bank and Trust Company 12/21/2016 236,176                                -    236,176
USD 11,547,980 NOK 98,718,774 Goldman Sachs Bank USA 12/21/2016                                -    (802,853) (802,853)
USD 7,454,344 NZD 10,380,000 Citibank, N.A. 12/21/2016                                -    (81,169) (81,169)
USD 1,502,092 NZD 2,075,000 Goldman Sachs Bank USA 12/21/2016                                -    (4,284) (4,284)
USD 1,494,085 NZD 2,070,000 HSBC Bank USA 12/21/2016                                -    (8,662) (8,662)
USD 5,809,080 NZD 8,260,000 Standard Chartered Bank 12/21/2016                                -    (187,388) (187,388)
USD 43,717,663 NZD 61,756,010 State Street Bank and Trust Company 12/21/2016                                -    (1,115,019) (1,115,019)
USD 8,939,285 NZD 12,420,000 U.S. Bank 12/21/2016                                -    (77,195) (77,195)
USD 11,727,501 SEK 100,469,504 Citibank, N.A. 12/21/2016                                -    (30,385) (30,385)
USD 38,253,472 SGD 51,796,892 HSBC Bank USA 12/21/2016 258,881                                -    258,881
USD 1,645,000 SGD 2,225,932 State Street Bank and Trust Company 12/21/2016 12,211                                -    12,211
            $2,807,097 ($5,592,129) ($2,785,032)

 

 

 

356

 

 

 

                 
Utilities Trust                
The portfolio used forward foreign currency contracts to manage against anticipated changes in currency exchange rates.
Contract to buy Contract to sell Counterparty Contractual
settlement
date		 Unrealized appreciation Unrealized depreciation Net unrealized appreciation/ (depreciation)
EUR 1,943,872 USD 2,184,879 Goldman Sachs International 12/9/2016 $5,260                                -    $5,260
USD 5,335,505 CAD 7,036,731 Merrill Lynch International 12/9/2016                                -    ($30,638) (30,638)
USD 743,754 EUR 670,284 Merrill Lynch International 10/21/2016                                -    (9,802) (9,802)
USD 669,070 EUR 603,201 Morgan Stanley Capital Services, Inc. 10/21/2016                                -    (9,069) (9,069)
USD 157,602 EUR 139,919 Barclays Bank PLC Wholesale 12/9/2016                                -    (43) (43)
USD 351,580 EUR 312,427 BNP Paribas SA 12/9/2016                                -    (428) (428)
USD 135,378 EUR 120,287 Citibank, N.A. 12/9/2016                                -    (148) (148)
USD 21,793,639 EUR 19,304,781 JPMorgan Chase Bank, N.A. 12/9/2016 43,154                                -    43,154
USD 98,843 EUR 87,857 Morgan Stanley Capital Services, Inc. 12/9/2016                                -    (144) (144)
USD 3,291,458 EUR 2,916,149 UBS AG 12/9/2016 5,864                                -    5,864
USD 4,682,514 EUR 4,160,182 Deutsche Bank AG London 12/15/2016                                -    (6,214) (6,214)
USD 152,436 GBP 117,400 Barclays Bank PLC Wholesale 12/9/2016 78                                -    78
USD 6,472,566 GBP 4,972,490 Merrill Lynch International 12/9/2016 19,428                                -    19,428
            $73,784 ($56,486) $17,298

 

Currency abbreviations    
AUD Australian Dollar MXN Mexican Peso
BRL Brazilian Real NOK Norwegian Krone
CAD Canadian Dollar NZD New Zealand Dollar
CHF Swiss Franc RON Romanian Leu
CNY Chinese Yuan Renminbi RUB Russian Ruble
COP Colombian Peso SEK Swedish Krona
DKK Danish Krone SGD Singapore Dollar
EUR Euro THB Thai Baht
GBP Pound Sterling TRY Turkish Lira
IDR Indonesian Rupiah TWD New Taiwan Dollar
INR Indian Rupee USD U.S. Dollar
JPY Japanese Yen ZAR South African Rand
KRW Korean Won    

 

Options. There are two types of options, put options and call options. Options are traded either OTC or on an exchange. A call option gives the purchaser of the option the right to buy (and the seller the obligation to sell) the underlying instrument at the exercise price. A put option gives the purchaser of the option the right to sell (and the writer the obligation to buy) the underlying instrument at the exercise price. Writing puts and buying calls may increase 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 premiums, possible illiquidity of the options markets, trading restrictions imposed by an exchange and movements in underlying security values. In addition, OTC options are subject to the risks of all OTC derivatives contracts.

 

When a portfolio purchases an option, the premium paid by the portfolio is included in the Portfolio of Investments and subsequently “marked-to-market” to reflect current market value. When a 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.

 

 

 

 

357

 

 

 

The following table details how the portfolios used purchased options during the period ended September 30, 2016.

Portfolio Reason for purchasing options
Global Bond Trust To manage duration of the portfolio, manage against anticipated interest rate changes and maintain diversity and liquidity of the portfolio
Investment Quality Bond Trust To manage against anticipated currency exchange rate changes
Strategic Income Opportunities Trust To manage against anticipated currency exchange rate changes

 

The following tables summarize the portfolios’ written options activities during the period ended September 30, 2016. In addition, the tables detail how the portfolios used written option contracts held during the period ended September 30, 2016.

 

Capital Appreciation Value Trust Number of contracts Premiums received          
Outstanding, beginning of period  3,499  $1,008,046                     
  Options written  6,610   1,500,856                     
  Option closed  (1,044)  (399,746)                    
  Options exercised  (498)  (129,181)                    
  Options expired  (996)  (202,942)                    
Outstanding, end of period  7,571  $1,777,033                     
                             
Global Bond Trust  AUD Notional amount   CHF Notional amount   EUR Notional amount   GBP Notional amount   JPY Notional amount   USD Notional amount   Premiums received 
Outstanding, beginning of period  —     —     19,000,000   34,400,000   —     40,190,000  $775,585 
  Options written  20,780,000   12,676,000   86,180,000   17,167,000   1,040,000,000   137,474,078   2,256,523 
  Option closed  (3,590,000)  (6,200,000)  (46,200,000)  (8,300,000)  —     (72,786,000)  (1,131,037)
  Options exercised  —     (6,476,000)  —     (14,700,000)  —     (28,700,000)  (404,827)
  Options expired  (17,190,000)  —     (43,166,000)  (25,467,000)  —     (41,906,078)  (1,027,663)
Outstanding, end of period  —     —     15,814,000   3,100,000   1,040,000,000   34,272,000  $468,581 
                             
Health Securities Trust  Number of contracts   Premiums received                     
Outstanding, beginning of period  230  $97,421                     
  Options written  437   304,870                     
  Option closed  (112)  (16,469)                    
  Options exercised  (270)  (151,658)                    
  Options expired  (129)  (116,604)                    
Outstanding, end of period  156  $117,560                     

 

 

 

358

 

 

Options on Securities

 

 

Capital Appreciation Value Trust            
The portfolio used written options to manage against changes in securities market and to gain exposure to certain securities.
Counterparty Name of issuer Exercise price Expiration date Number of contracts Premium Value
Calls (OTC)            
Deutsche Bank Securities, Inc. Alphabet, Inc., Class A $900.00 Jan 2017 10 $20,257 ($5,319)
Deutsche Bank Securities, Inc. Alphabet, Inc., Class A 800.00 Jan 2017 3 9,804 (11,625)
Deutsche Bank Securities, Inc. Alphabet, Inc., Class C 800.00 Jan 2017 18 27,315 (43,021)
Deutsche Bank Securities, Inc. Alphabet, Inc., Class C 820.00 Jan 2017 5 9,232 (8,126)
Deutsche Bank Securities, Inc. Alphabet, Inc., Class C 840.00 Jan 2017 5 7,051 (5,076)
Morgan Stanley Company, Inc. Alphabet, Inc., Class C 795.00 Jan 2017 13 35,387 (33,935)
Citigroup Global Markets, Inc. Alphabet, Inc., Class C 920.00 Jan 2018 7 18,644 (20,725)
Citigroup Global Markets, Inc. Alphabet, Inc., Class C 940.00 Jan 2018 6 13,504 (14,767)
Citigroup Global Markets, Inc. Alphabet, Inc., Class C 880.00 Jan 2018 7 26,593 (28,647)
Deutsche Bank Securities, Inc. Alphabet, Inc., Class C 900.00 Jan 2018 7 23,579 (24,502)
Citigroup Global Markets, Inc. Altria Group, Inc. 65.00 Jan 2017 157 25,972 (20,096)
Citigroup Global Markets, Inc. Altria Group, Inc. 67.50 Jan 2017 157 16,414 (8,479)
Citigroup Global Markets, Inc. American Tower Corp. 115.00 Jan 2017 54 13,307 (21,330)
Citigroup Global Markets, Inc. American Tower Corp. 105.00 Jan 2017 19 5,833 (20,010)
Citigroup Global Markets, Inc. American Tower Corp. 110.00 Jan 2017 37 12,255 (25,160)
Citigroup Global Markets, Inc. Apple, Inc. 105.00 Jan 2017 77 18,558 (79,696)
Citigroup Global Markets, Inc. Apple, Inc. 110.00 Jan 2017 77 11,520 (53,900)
Citigroup Global Markets, Inc. Apple, Inc. 115.00 Jan 2017 222 40,229 (97,680)
Deutsche Bank Securities, Inc. AutoZone, Inc. 840.00 Jan 2017 5 8,666 (3,725)
Citigroup Global Markets, Inc. Comcast Corp., Class A 62.50 Jan 2017 298 100,628 (151,232)
Citigroup Global Markets, Inc. Comcast Corp., Class A 65.00 Jan 2017 411 92,616 (137,685)
RBC Capital Markets Comcast Corp., Class A 72.50 Jan 2017 272 27,190 (11,977)
RBC Capital Markets Comcast Corp., Class A 70.00 Jan 2017 72 10,968 (7,129)
Citigroup Global Markets, Inc. CVS Health Corp. 115.00 Jan 2017 35 7,980 (53)
J.P. Morgan Clearing Corp. CVS Health Corp. 105.00 Jan 2017 62 21,453 (592)
J.P. Morgan Clearing Corp. CVS Health Corp. 110.00 Jan 2017 106 21,551 (264)
J.P. Morgan Clearing Corp. CVS Health Corp. 100.00 Jan 2017 42 25,415 (1,449)
Citigroup Global Markets, Inc. Danaher Corp. 95.00 Jan 2017 99 33,405 (32)
Citigroup Global Markets, Inc. Danaher Corp. 92.50 Jan 2017 99 43,197 (81)
Deutsche Bank Securities, Inc. Danaher Corp. 105.00 Jan 2017 124 35,988 (3)
Deutsche Bank Securities, Inc. Danaher Corp. 115.00 Jan 2017 32 6,080 0
Deutsche Bank Securities, Inc. Danaher Corp. 100.00 Jan 2017 45 13,096 (3)
Deutsche Bank Securities, Inc. Danaher Corp. 87.50 Jan 2017 93 12,974 (716)
Citigroup Global Markets, Inc. Lowe’s Companies, Inc. 82.50 Jan 2017 26 4,317 (621)
Citigroup Global Markets, Inc. Lowe’s Companies, Inc. 80.00 Jan 2017 26 5,828 (1,326)
Citigroup Global Markets, Inc. Lowe’s Companies, Inc. 85.00 Jan 2017 124 21,746 (1,244)
Citigroup Global Markets, Inc. Lowe’s Companies, Inc. 90.00 Jan 2017 96 11,673 (231)
Citigroup Global Markets, Inc. Lowe’s Companies, Inc. 87.50 Jan 2017 47 9,868 (212)
Citigroup Global Markets, Inc. LyondellBasell Industries NV, Class A 87.50 Jan 2017 175 42,340 (32,375)
Citigroup Global Markets, Inc. LyondellBasell Industries NV, Class A 90.00 Jan 2017 68 17,986 (8,840)
Citigroup Global Markets, Inc. LyondellBasell Industries NV, Class A 92.50 Jan 2017 69 14,068 (6,300)
Deutsche Bank Securities, Inc. Microsoft Corp. 62.50 Jan 2017 165 25,575 (9,736)
Deutsche Bank Securities, Inc. Microsoft Corp. 65.00 Jan 2017 171 26,505 (3,934)
Deutsche Bank Securities, Inc. Microsoft Corp. 62.50 Jan 2017 171 36,252 (10,090)
Deutsche Bank Securities, Inc. Microsoft Corp. 57.50 Jan 2017 321 45,026 (78,324)
Deutsche Bank Securities, Inc. Microsoft Corp. 60.00 Jan 2017 57 8,751 (7,467)
Citigroup Global Markets, Inc. PepsiCo, Inc. 105.00 Jan 2017 93 28,240 (50,685)
Citigroup Global Markets, Inc. PepsiCo, Inc. 100.00 Jan 2017 42 16,044 (40,215)
Citigroup Global Markets, Inc. PepsiCo, Inc. 110.00 Jan 2017 148 23,472 (35,076)
J.P. Morgan Clearing Corp. Pfizer, Inc. 35.00 Jan 2017 467 48,598 (29,888)
RBC Capital Markets Pfizer, Inc. 36.00 Jan 2017 236 26,998 (8,024)
Deutsche Bank Securities, Inc. Philip Morris International, Inc. 110.00 Jan 2017 30 3,879 (495)
Deutsche Bank Securities, Inc. Philip Morris International, Inc. 97.50 Jan 2017 142 21,225 (45,085)
Deutsche Bank Securities, Inc. Philip Morris International, Inc. 95.00 Jan 2017 142 31,979 (66,385)
Deutsche Bank Securities, Inc. Philip Morris International, Inc. 92.50 Jan 2017 76 21,994 (49,021)
Citigroup Global Markets, Inc. Texas Instruments, Inc. 60.00 Jan 2017 66 13,761 (70,346)
Citigroup Global Markets, Inc. Texas Instruments, Inc. 55.00 Jan 2017 66 22,818 (101,259)
Citigroup Global Markets, Inc. Texas Instruments, Inc. 72.50 Jan 2017 27 5,830 (5,319)
Deutsche Bank Securities, Inc. The Bank of New York Mellon Corp. 45.00 Jan 2017 304 77,378 (10,799)
Deutsche Bank Securities, Inc. The Bank of New York Mellon Corp. 47.00 Jan 2017 210 50,820 (4,932)
Deutsche Bank Securities, Inc. The Boeing Company 170.00 Jan 2017 20 9,244 (80)
Deutsche Bank Securities, Inc. The Boeing Company 160.00 Jan 2017 20 15,106 (135)
Deutsche Bank Securities, Inc. The Boeing Company 165.00 Jan 2017 30 17,671 (151)
Deutsche Bank Securities, Inc. The Boeing Company 160.00 Jan 2017 9 6,590 (61)
Deutsche Bank Securities, Inc. The Boeing Company 170.00 Jan 2017 10 4,465 (40)
Citigroup Global Markets, Inc. Thermo Fisher Scientific, Inc. 170.00 Jan 2017 25 6,050 (5,250)
Citigroup Global Markets, Inc. Thermo Fisher Scientific, Inc. 165.00 Jan 2017 26 10,062 (9,619)
Citigroup Global Markets, Inc. Thermo Fisher Scientific, Inc. 170.00 Jan 2017 74 18,243 (15,540)
Deutsche Bank Securities, Inc. Thermo Fisher Scientific, Inc. 160.00 Jan 2017 22 9,482 (13,420)
Deutsche Bank Securities, Inc. Thermo Fisher Scientific, Inc. 165.00 Jan 2017 35 10,761 (12,948)
Deutsche Bank Securities, Inc. Thermo Fisher Scientific, Inc. 155.00 Jan 2017 13 6,621 (11,911)
Deutsche Bank Securities, Inc. UnitedHealth Group, Inc. 145.00 Jan 2017 66 19,370 (23,265)
Deutsche Bank Securities, Inc. UnitedHealth Group, Inc. 145.00 Jan 2017 16 4,680 (5,640)
Deutsche Bank Securities, Inc. UnitedHealth Group, Inc. 140.00 Jan 2017 82 26,457 (48,585)
Deutsche Bank Securities, Inc. UnitedHealth Group, Inc. 140.00 Jan 2017 16 5,992 (9,480)
Deutsche Bank Securities, Inc. UnitedHealth Group, Inc. 155.00 Jan 2017 9 2,058 (860)
Citigroup Global Markets, Inc. Visa, Inc., Class A 85.00 Jan 2017 177 36,334 (41,684)
Citigroup Global Markets, Inc. Visa, Inc., Class A 87.50 Jan 2017 137 27,355 (19,454)
Citigroup Global Markets, Inc. Visa, Inc., Class A 90.00 Jan 2017 18 2,873 (1,431)
Citigroup Global Markets, Inc. Visa, Inc., Class A 95.00 Jan 2018 36 12,042 (13,770)
Morgan Stanley Company, Inc. Zoetis, Inc. 55.00 Jan 2017 77 13,361 (8,470)
Calls (Exchange-traded)            
  Danaher Corp. 110.00 Jan 2017 79 16,390 (1)
  Microsoft Corp. 65.00 Jan 2017 333 36,194 (7,660)
        7,571 $1,777,033 ($1,764,719)

 

 

 

359

 

 

Health Sciences Trust            
The portfolio used written options to manage against changes in securities market and to gain exposure to certain securities.
  Name of issuer Exercise price Expiration date Number of contracts Premium Value
  Calls (Exchange-traded)          
  Allergan PLC $270.00 Jan 2017 25 $37,429 ($6,375)
  Intuitive Surgical, Inc. 700.00 Oct 2016 2 4,615 (6,870)
  Neurocrine Biosciences, Inc. 50.00 Nov 2016 34 21,308 (11,900)
  Neurocrine Biosciences, Inc. 55.00 Nov 2016 85 48,238 (12,325)
  Spark Therapeutics, Inc. 60.00 Dec 2016 10 5,970 (6,450)
        156 $117,560 ($43,920)

 

Foreign Currency Options (OTC)

 

Global Bond Trust              
The portfolio used written options to manage against anticipated changes in currency exchange rates and to gain exposure to foreign currencies.

 

Description Counterparty Exercise price Expiration date   Notional amount Premium Value
Calls              
British Pound versus U.S. Dollar Standard Chartered Bank $1.35 Oct 2016 GBP 3,100,000 $43,205 ($24)
Euro versus Australian Dollar Citibank N.A. 1.53 Jan 2017 EUR 1,157,000 9,160 (9,160)
Euro versus Australian Dollar Goldman Sachs Bank USA 1.53 Dec 2016 EUR 1,200,000 8,041 (9,079)
Euro versus Australian Dollar Morgan Stanley Capital Services, Inc. 1.53 Dec 2016 EUR 1,700,000 11,929 (11,756)
U.S. Dollar versus Brazilian Real Credit Suisse International 6.30 Jan 2018 USD 1,300,000 69,226 (7,565)
U.S. Dollar versus Brazilian Real Goldman Sachs Bank USA 3.50 Nov 2016 USD 4,500,000 56,250 (45,896)
U.S. Dollar versus Brazilian Real Morgan Stanley Capital Services, Inc. 3.50 Nov 2016 USD 3,200,000 42,080 (32,637)
U.S. Dollar versus Japanese Yen Citibank N.A. 106.55 Oct 2016 USD 6,196,000 14,272 (403)
U.S. Dollar versus Japanese Yen HSBC Bank USA 106.50 Nov 2016 USD 6,300,000 12,600 (13,387)
U.S. Dollar versus Japanese Yen Standard Chartered Bank 106.05 Oct 2016 USD 3,476,000 7,508 (553)
            $274,271 ($130,460)
Puts              
Euro versus Australian Dollar Citibank N.A. $1.42 Jan 2017 EUR 1,157,000 $9,075 ($9,075)
Euro versus Australian Dollar Goldman Sachs Bank USA 1.44 Dec 2016 EUR 1,200,000 9,141 (9,100)
Euro versus Australian Dollar Morgan Stanley Capital Services, Inc. 1.44 Dec 2016 EUR 1,700,000 12,741 (14,508)
U.S. Dollar versus Chinese Yuan JPMorgan Chase Bank 6.60 Sep 2017 USD 3,600,000 32,940 (39,884)
U.S. Dollar versus Korean Won Nomura Global Financial Products, Inc. 1,145.00 Jan 2017 USD 1,500,000 38,175 (77,043)
U.S. Dollar versus Korean Won UBS AG 1,145.00 Jan 2017 USD 2,200,000 49,258 (111,478)
            $151,330 ($261,088)

 

Interest Rate Swaptions (OTC)

 

An interest rate swaption is an option to enter into an interest rate swap.

 

Global Bond Trust                  
The portfolio used interest rate swaptions to manage duration of the portfolio, manage against anticipated interest rate changes and to maintain diversity of the portfolio.
Name of Issuer Counterparty Floating rate index Pay/receive floating rate Exercise rate Expiration date   Notional amount Premium Value
Puts                  
2-Year Interest Rate Swap JPMorgan Chase Bank 6-Month JPY LIBOR Receive 0.00% Mar 2017 JPY 1,040,000,000 $10,985 ($2,790)
                $10,985 ($2,790)

 

 

 

 

360

 

 

 

Credit Default Swaptions (OTC)

 

A credit default swaption is an option to enter into a credit default swap.

 

Global Bond Trust                  
The portfolio used credit default swaptions to take a long position in the exposure of the benchmark credit.
Description Counterparty Index Buy/sell protection Exercise rate Expiration date   Notional amount Premium Value
Calls                  
5-Year Credit Default Swap Barclays Capital ITRAXX.O Sell 0.60% Oct 2016 EUR 7,700,000 $6,195 ($1,483)
                $6,195 ($1,483)

 

Inflation Floors (OTC)

 

Inflation floors are instruments where in return for a premium, one party agrees to make payments to the other to the extent that inflation falls below a specified rate (based on the Consumer Price Index or other designated measure), or “floor.”

 

Global Bond Trust                
The portfolio used inflation floors to manage duration of the portfolio, manage against anticipated interest rate changes and as a substitute for securities purchased.
Description Counterparty Initial index Exercise index Expiration date   Notional amount Premium Value
Floor- OTC CPURNSA Index Citibank N.A. 217.965 Maximum of ((1+0.0%)10 - (Final Index/Initial Index)) or $0 Sep 2020 USD 2,000,000 $25,800 ($160)
              $25,800 ($160)

 

Swaps. 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 OTC 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.

 

Upfront payments made/received by the portfolios are amortized/accreted for financial reporting purposes. A termination payment by the counterparty or a portfolio is recorded as realized gain or loss, as well as the net periodic payments received or paid by the portfolio.

 

Entering into swap agreements involves, to varying degrees, elements of credit, market and documentation risk that may amount to values that are in excess of the amounts recognized on the Statement of assets and liabilities. 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 a portfolio and a 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.

 

 

 

 

 

361

 

 

The following tables summarize the interest rate swap contracts held at September 30, 2016. In addition, the tables detail how the portfolios used interest rate swap contracts during the period ended September 30, 2016.

 

Global Bond Trust                  
The portfolio used interest rate swaps to manage against anticipated interest rate changes, manage duration of the portfolio and to gain exposure to treasuries markets.

 

Centrally Cleared Swaps 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
  11,600,000,000 JPY $96,661,387 JPY-LIBOR-BBA Fixed 0.150% Mar 2018 $28,191 $354,247 $382,438
  34,900,000 USD 34,900,000 Fixed 1.250% USD-LIBOR-BBA Jun 2018 (170,986) (93,568) (264,554)
  9,100,000 USD 9,100,000 Fixed 1.250% USD-LIBOR-BBA Dec 2018 (48,997) 12,664 (36,333)
  5,400,000 USD 5,400,000 Fixed 2.000% USD-LIBOR-BBA Dec 2020                   20,225 (240,969) (220,744)
  46,900,000 USD 46,900,000 Fixed 2.000% USD-LIBOR-BBA Jun 2021 (1,667,444) (378,573) (2,046,017)
  1,800,000 MXN 104,184 Fixed 5.610% MXN-TIIE-Banxico Jul 2021 (1,304) 3,055 1,751
  24,600,000 EUR 27,590,136 EUR-EURIBOR-Reuters Fixed 0.000% Mar 2022 74,494 79,247 153,741
  9,400,000 USD 9,400,000 Fixed 2.300% USD-LIBOR-BBA Jan 2023 (33,547) (588,092) (621,639)
  35,700,000 USD 35,700,000 Fixed 2.000% USD-LIBOR-BBA Jun 2023 (1,254,719) (609,538) (1,864,257)
  62,000,000 USD 62,000,000 Fixed 1.750% USD-LIBOR-BBA Dec 2023 (1,304,200) (465,726) (1,769,926)
  21,900,000 USD 21,900,000 Fixed 1.750% USD-LIBOR-BBA Dec 2023 (482,816) (109,964) (592,780)
  400,000 BRL 90,555 Fixed 12.800% BRL-CDI Jan 2025 89 4,748 4,837
  1,400,000 SEK 171,033 SEK-STIBOR-SIDE Fixed 1.020% Jan 2025                           - 9,212 9,212
  1,600,000 SEK 195,466 SEK-STIBOR-SIDE Fixed 1.030% Jan 2025                           - 10,758 10,758
  1,400,000 SEK 171,033 SEK-STIBOR-SIDE Fixed 1.030% Jan 2025                           - 9,310 9,310
  1,700,000 SEK 207,683 SEK-STIBOR-SIDE Fixed 1.010% Jan 2025                           - 11,009 11,009
  4,000,000 SEK 485,971 SEK-STIBOR-SIDE Fixed 1.085% Jan 2025                           - 28,911 28,911
  3,400,000 SEK 413,075 SEK-STIBOR-SIDE Fixed 1.080% Jan 2025                           - 24,396 24,396
  2,500,000 AUD 1,816,500 Fixed 3.500% AUD-BBR-BBSW Dec 2025                  (59,561) (173,035) (232,596)
  1,710,000,000 JPY 16,954,809 JPY-LIBOR-BBA Fixed 0.300% Mar 2026 407,473 39,580 447,053
  21,100,000 CAD 15,739,549 Fixed 2.200% CAD-BA-CDOR Jun 2026 (1,042,182) (477,238) (1,519,420)
  230,000,000 JPY 2,268,124 JPY-LIBOR-BBA Fixed 0.000% Sep 2026 (10,326) (5) (10,331)
  52,110,000 USD 52,110,000 Fixed 1.750% USD-LIBOR-BBA Dec 2026 (1,138,917) (195,208) (1,334,125)
  2,600,000 USD 2,600,000 USD-LIBOR-BBA Fixed 1.750% Dec 2026 72,800 (13,484) 59,316
  24,500,000 EUR 27,548,183 EUR-EURIBOR-Reuters Fixed 0.050% Mar 2027 176,216 273,291 449,507
  8,800,000 GBP 11,467,726 Fixed 0.750% GBP-LIBOR-BBA Mar 2027 195,448 (108,999) 86,449
  1,740,000,000 JPY 16,787,197 JPY-LIBOR-BBA Fixed 1.500% Jun 2033 274,805 3,312,406 3,587,211
  2,400,000 USD 2,400,000 USD-LIBOR-BBA Fixed 2.500% Jun 2036 91,696 241,152 332,848
  12,900,000 USD 12,900,000 Fixed 2.098% USD-LIBOR-BBA Jul 2041 243 (38,266) (38,023)
  2,400,000 EUR 2,709,960 Fixed 2.307% EUR-EURIBOR-Reuters Oct 2044 (303,375) (307,967) (611,342)
  10,000,000 JPY 85,255 JPY-LIBOR-BBA Fixed 1.500% Dec 2044 (3,428) (25,716) (29,144)
  1,180,000,000 JPY 11,005,040 Fixed 1.507% JPY-LIBOR-BBA Dec 2045 (2,872,693) (661,310) (3,534,003)
  700,000 GBP 918,995 Fixed 1.050% GBP-LIBOR-BBA Sep 2046 (5,045) 80 (4,965)
  500,000 GBP 653,650 Fixed 1.020% GBP-LIBOR-BBA Oct 2046                           - 1,989 1,989
  6,500,000 USD 6,500,000 Fixed 2.250% USD-LIBOR-BBA Dec 2046 (604,182) (69,712) (673,894)
  14,600,000 EUR 16,238,817 Fixed 1.250% EUR-EURIBOR-Reuters Mar 2047 (1,631,715) (513,687) (2,145,402)
  1,900,000 GBP 2,574,725 Fixed 1.750% GBP-LIBOR-BBA Mar 2047 (320,195) (149,957) (470,152)
  4,300,000 GBP 5,615,452 Fixed 1.500% GBP-LIBOR-BBA Mar 2047 (692,017) 1,499 (690,518)
      $560,284,505       ($12,305,969) ($803,460) ($13,109,429)
                   

 

 

 

362

 

 

Investment Quality Bond Trust

The portfolio used interest rate swaps to manage against anticipated interest rate changes and manage duration of the 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
Goldman Sachs International 30,585,000 INR $458,262 INR-FBIL-MIBOR-OIS-
COMPOUND		 Fixed 6.260% Sep 2021                           - ($755) ($755)
JPMorgan Chase Bank 5,100,000 USD 5,100,000 Fixed 4.318% USD-LIBOR-BBA Dec 2028                           - (1,685,173) (1,685,173)
JPMorgan Chase Bank 2,100,000 USD 2,100,000 Fixed 3.425% USD-LIBOR-BBA Jun 2039                           - (719,830) (719,830)
Centrally Cleared Swaps                  
  6,146,000 USD 6,146,000 Fixed 1.000% USD-Federal Funds-H.15-OIS-COMPOUND Sep 2026 $8,632 29,645 38,277
      $13,804,262       $8,632 ($2,376,113) ($2,367,481)
                   
The following are abbreviations for the table above:
BBA The British Bankers’ Association
BBR Bank Bill Rate
BBSW Bank Bill Swap Rate
CDI Brazil Interbank Deposit Rate
CDOR Canadian Dollar Offered Rate
EURIBOR Euro Interbank Offered Rate
FBIL The Board of Financial Benchmarks India Pvt, Ltd.
LIBOR London Interbank Offered Rate
MIBOR Mumbai Interbank Offered Rate
STIBOR Stockholm Interbank Offered Rate
TIIE Tasa de Interes Interbancaria de Equilibrio (Interbank Equilibrium Interest Rate)

 

Credit default swaps. Credit default swaps (CDS) involve the exchange of a fixed rate premium (paid by the Buyer), for protection against the loss in value of an underlying debt instrument, referenced entity or index, in the event of a defined credit event (such as payment default or bankruptcy). Under the terms of the swap, one party acts as a “guarantor” (the Seller), receiving the premium and agreeing to contingent payments that are specified within the credit default agreement. The portfolios may enter into CDS in which it may act as either Buyer or Seller. By acting as the Seller, the portfolios may incur economic leverage since they 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 a case could be significant, but would typically be reduced by any recovery value on the underlying credit.

 

 

 

 

363

 


Credit default swaps — Buyer

 

The following tables summarize the CDS contracts held at September 30, 2016. In addition, the tables detail how the portfolios used CDS contracts as a buyer of protection during the period ended September 30, 2016.

 

Global Bond Trust                  
The portfolio used credit default swaps to manage against potential credit events and to gain exposure to securities or a credit index.
Counterparty Reference obligation Notional amount Currency USD notional amount (Pay) fixed rate Maturity date Unamortized upfront payment paid (received) Unrealized appreciation (depreciation) Market value
Bank of America, N.A. Computer Sciences Corp. 2,050,000 USD $2,050,000 (0.970)% Mar 2018                          - ($25,977) ($25,977)
Bank of America, N.A. Starwood Hotels & Resorts Worldwide, Inc. 3,000,000 USD 3,000,000 (1.490)% Jun 2018                          -                    (72,740)                 (72,740)
Bank of America, N.A. Veolia Environnement SA 100,000 EUR 112,945 (1.000)% Dec 2020 ($563)                      (2,271)                   (2,834)
Bank of America, N.A. Reynolds American, Inc. 200,000 USD 200,000 (1.000)% Dec 2020                  (5,036)                         (715)                   (5,751)
Bank of America, N.A. ING Bank NV 400,000 EUR 448,220 (1.000)% Dec 2021                  11,819                       3,540                  15,359
Bank of America, N.A. Intesa Sanpaolo SpA 1,200,000 USD 1,200,000 (1.000)% Mar 2026                186,567                     57,481                244,048
Barclays Capital Springleaf Finance Corp. 1,400,000 USD 1,400,000 (5.000)% Jun 2020               (114,521)                     28,833                 (85,688)
Barclays Capital Reynolds American, Inc. 500,000 USD 500,000 (1.000)% Dec 2020                 (12,926)                      (1,451)                 (14,377)
Barclays Capital UnitedHealth Group, Inc. 400,000 USD 400,000 (1.000)% Dec 2020                 (11,587)                         (219)                 (11,806)
Barclays Capital Altria Group, Inc. 400,000 USD 400,000 (1.000)% Dec 2020                 (11,907)                         (976)                 (12,883)
Barclays Capital British American Tobacco PLC 100,000 EUR 109,365 (1.000)% Dec 2020                  (1,970)                         (765)                   (2,735)
Barclays Capital Koninklijke DSM NV 300,000 EUR 328,095 (1.000)% Dec 2020                  (5,910)                      (4,699)                 (10,609)
Barclays Capital Bayer AG 200,000 EUR 218,730 (1.000)% Dec 2020                  (3,940)                         (314)                   (4,254)
Barclays Capital BASF SE 200,000 EUR 220,240 (1.000)% Dec 2020                  (3,594)                      (2,486)                   (6,080)
BNP Paribas SA Veolia Environnement SA 100,000 EUR 112,945 (1.000)% Dec 2020                     (516)                      (2,318)                   (2,834)
BNP Paribas SA TeliaSonera AB 300,000 EUR 338,835 (1.000)% Dec 2020                  (2,255)                      (6,030)                   (8,285)
BNP Paribas SA Koninklijke DSM NV 200,000 EUR 219,230 (1.000)% Dec 2020                  (4,047)                      (3,025)                   (7,072)
BNP Paribas SA BASF SE 100,000 EUR 110,060 (1.000)% Dec 2020                  (1,702)                      (1,338)                   (3,040)
BNP Paribas SA ING Bank NV 1,100,000 EUR 1,234,585 (1.000)% Jun 2021                  28,395                       4,928                  33,323
BNP Paribas SA ING Bank NV 400,000 EUR 450,180 (1.000)% Dec 2021                  15,216                          143                  15,359
BNP Paribas SA UBS AG 800,000 EUR 900,360 (1.000)% Dec 2021                 (13,488)                       1,995                 (11,493)
Citibank, N.A. Bayer AG 300,000 EUR 338,835 (1.000)% Dec 2020                  (5,549)                         (832)                   (6,381)
Citibank, N.A. Altria Group, Inc. 100,000 USD 100,000 (1.000)% Dec 2020                  (2,943)                         (278)                   (3,221)
Citibank, N.A. UnitedHealth Group, Inc. 300,000 USD 300,000 (1.000)% Dec 2020                  (8,168)                         (686)                   (8,854)
Citibank, N.A. British American Tobacco PLC 300,000 EUR 338,835 (1.000)% Dec 2020                  (5,838)                      (2,368)                   (8,206)
Citibank, N.A. ING Bank NV 400,000 EUR 447,020 (1.000)% Jun 2021                   9,887                       2,231                  12,118
Citibank, N.A. Barclays Bank PLC 1,800,000 EUR 2,034,901 (1.000)% Jun 2021                105,601                       3,854                109,455
Citibank, N.A. UBS AG 400,000 EUR 448,220 (1.000)% Dec 2021                  15,376                       2,950                  18,326
Citibank, N.A. HSBC Bank PLC 400,000 EUR 448,220 (1.000)% Dec 2021                  10,700                       4,933                  15,633
Citibank, N.A. UBS AG 1,200,000 USD 1,200,000 (1.000)% Jun 2024                  65,817                     20,828                  86,645
Credit Suisse International Reynolds American, Inc. 500,000 USD 500,000 (1.000)% Dec 2020                 (13,003)                      (1,374)                 (14,377)
Credit Suisse International Altria Group, Inc. 400,000 USD 400,000 (1.000)% Dec 2020                 (11,430)                      (1,453)                 (12,883)
Goldman Sachs International United Utilities PLC 200,000 EUR 225,890 (1.000)% Dec 2020                     (374)                      (3,706)                   (4,080)
Goldman Sachs International Veolia Environnement SA 100,000 EUR 112,945 (1.000)% Dec 2020                     (422)                      (2,412)                   (2,834)
Goldman Sachs International Koninklijke DSM NV 400,000 EUR 451,780 (1.000)% Dec 2020                  (7,688)                      (6,457)                 (14,145)
Goldman Sachs International Reynolds American, Inc. 100,000 USD 100,000 (1.000)% Dec 2020                  (2,665)                         (210)                   (2,875)
Goldman Sachs International Altria Group, Inc. 300,000 USD 300,000 (1.000)% Dec 2020                  (8,677)                         (985)                   (9,662)
Goldman Sachs International BASF SE 100,000 EUR 112,285 (1.000)% Dec 2020                  (2,413)                         (627)                   (3,040)
Goldman Sachs International British American Tobacco PLC 200,000 EUR 219,230 (1.000)% Dec 2020                  (4,234)                      (1,237)                   (5,471)
Goldman Sachs International SABMiller PLC 200,000 USD 200,000 (1.000)% Jan 2022                  (4,987)                      (2,729)                   (7,716)
JPMorgan Chase Bank Ally Financial, Inc. 1,300,000 USD 1,300,000 (5.000)% Jun 2018                 (69,070)                    (16,178)                 (85,248)

 

 

 

364

 


Counterparty Reference obligation Notional amount Currency USD notional amount (Pay) fixed rate Maturity date Unamortized upfront payment paid (received) Unrealized appreciation (depreciation) Market value
JPMorgan Chase Bank Fortum OYJ 200,000 EUR 225,890 (1.000)% Dec 2020                     (374)                      (3,896)                   (4,270)
JPMorgan Chase Bank Pfizer, Inc. 700,000 USD 700,000 (1.000)% Dec 2020                 (22,995)                          983                 (22,012)
JPMorgan Chase Bank Reynolds American, Inc. 100,000 USD 100,000 (1.000)% Dec 2020                  (2,602)                         (273)                   (2,875)
JPMorgan Chase Bank UnitedHealth Group, Inc. 300,000 USD 300,000 (1.000)% Dec 2020                  (8,040)                         (814)                   (8,854)
JPMorgan Chase Bank British American Tobacco PLC 200,000 EUR 218,730 (1.000)% Dec 2020                  (3,893)                      (1,578)                   (5,471)
JPMorgan Chase Bank Koninklijke DSM NV 100,000 EUR 109,615 (1.000)% Dec 2020                  (2,070)                      (1,466)                   (3,536)
JPMorgan Chase Bank Altria Group, Inc. 300,000 USD 300,000 (1.000)% Dec 2020                  (8,542)                      (1,120)                   (9,662)
JPMorgan Chase Bank Barclays Bank PLC 1,900,000 EUR 2,151,085 (1.000)% Jun 2021                106,925                       8,611                115,536
JPMorgan Chase Bank Intesa Sanpaolo SpA 500,000 USD 500,000 (1.000)% Sep 2024                  79,824                       5,351                  85,175
Morgan Stanley Capital Services, Inc.     Reynolds American, Inc. 200,000 USD 200,000 (1.000)% Dec 2020                  (4,952)                         (799)                   (5,751)
Morgan Stanley Capital Services, Inc.     Pfizer, Inc. 300,000 USD 300,000 (1.000)% Dec 2020                  (9,954)                          520                   (9,434)
Morgan Stanley Capital Services, Inc.     UnitedHealth Group, Inc. 100,000 USD 100,000 (1.000)% Dec 2020                  (2,680)                         (271)                   (2,951)
The Royal Bank of Scotland PLC               The Cleveland Electric Illuminating Company 3,000,000 USD 3,000,000 (0.940)% Jun 2017                          -                    (18,359)                 (18,359)
Centrally Cleared Swaps                  
  iTraxx Europe Series 25 Version 1 62,700,000 EUR 71,139,806 (1.000)% Jun 2021               (805,872)                   (328,165)             (1,134,037)
  iTraxx Europe Senior Financials Series 25 Version 1 39,000,000 EUR 43,818,712 (1.000)% Jun 2021                 (25,564)                   (108,679)               (134,243)
  iTraxx Europe Series 26 Version 1 86,800,000 EUR 97,396,315 (1.000)% Dec 2021            (1,416,008)                       3,683             (1,412,325)
  iTraxx Europe Sub Financials Series 26 Version 1 400,000 EUR 448,220 (1.000)% Dec 2021                  26,464                       3,728                  30,192
  iTraxx Europe Sub Financials Series 26 Version 1 600,000 EUR 672,330 (1.000)% Dec 2021                  38,733                       6,556                  45,289
  iTraxx Europe Sub Financials Series 26 Version 1 1,200,000 EUR 1,344,660 (1.000)% Dec 2021                  76,824                     13,753                  90,577
  CDX.NA.IG.26 15,700,000 USD 15,700,000 (1.000)% Jun 2026                253,271                    (56,298)                196,973
        $262,257,314     ($1,623,550) ($513,673) ($2,137,223)
                   
High Yield Trust                  
The portfolio used credit default swaps to manage against potential credit events.                
  Reference Obligation Notional amount Currency USD notional amount (Pay) fixed rate Maturity date Unamortized upfront payment paid (received) Unrealized appreciation (depreciation) Market value
Centrally Cleared Swaps                  
  MARKIT CDX.NA.HY.27 5,450,000 USD $5,450,000 (5.000)% Dec 2021 ($197,281) ($51,622) ($248,903)
        $5,450,000     ($197,281) ($51,622) ($248,903)
                   

 

 

 

365

 


Investment Quality Bond Trust                  
The portfolio used credit default swaps to manage against potential credit events and to gain exposure to securities or credit index.            
Counterparty Reference obligation Notional amount Currency USD notional amount (Pay) fixed rate Maturity date Unamortized upfront payment paid (received) Unrealized appreciation (depreciation) Market value
Centrally Cleared Swaps                  
  CDX-EMS 26V1-5Y 7,710,000 USD $7,710,000 (1.000)% Dec 2021 $477,269 $12,277 $489,546
  CDX-NAHYS 26V1-5Y 5,632,000 USD 5,632,000 (5.000)% Jun 2021               (204,135)                    (94,708)               (298,843)
        $13,342,000     $273,134 ($82,431) $190,703
                   
New Income Trust                  
The portfolio used credit default swaps to manage against potential credit events.                
  Reference Obligation Notional amount Currency USD notional amount (Pay) fixed rate Maturity date Unamortized upfront payment paid (received) Unrealized appreciation (depreciation) Market value
Centrally Cleared Swaps                  
  CDX.NA.HY.27 3,500,000 USD $3,500,000 (5.000)% Dec 2021 ($132,872) ($5,347) ($138,219)
        $3,500,000     ($132,872) ($5,347) ($138,219)

 

Credit default swaps — Seller

 

Implied credit spreads are utilized in determining the market value of CDS agreements in which a portfolio is the Seller at period end. The implied credit spread generally represents the yield of the instrument above a credit-risk free rate, such as the U.S. Treasury Bond Yield, and may include upfront payments required to be made to enter into the agreement. It also serves as an indicator of the current status of the payment/performance risk and represents the likelihood or risk of default for the credit derivative. Wider credit spreads represent a deterioration of the referenced entity’s 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 equals the notional amount of the agreement.

 

The following tables summarize the CDS contracts held at September 30, 2016. In addition, the tables detail how the portfolios used CDS contracts as a seller of protection during the period ended September 30, 2016.

 

Global Bond Trust                    
The portfolio used credit default swaps to manage against potential credit events and to take a long position in exposure of the benchmark credit.
Counterparty Reference obligation Implied credit spread at 9-30-16 Notional amount Currency USD notional amount Received fixed rate Maturity date Unamortized upfront payment paid (received) Unrealized appreciation (depreciation) Market value
Bank of America, N.A.                        Volkswagen AG 0.24% 700,000 EUR $744,240 1.000% Dec 2016 ($1,022) $2,601 $1,579
Barclays Capital People's Republic of China 0.51% 600,000 USD 600,000 1.000% Mar 2019 490 6,912 7,402
BNP Paribas SA Barclays Bank PLC 0.35% 200,000 EUR 221,260 1.000% Jun 2017                            - 1,138 1,138
BNP Paribas SA Barclays Bank PLC 0.95% 1,700,000 EUR 1,880,710 1.000% Jun 2017 (13,694) 14,941 1,247
BNP Paribas SA Tesco PLC 1.96% 500,000 EUR 556,550 1.000% Jun 2021 (34,060) 9,651 (24,409)
Citibank, N.A. Barclays Bank PLC 0.95% 900,000 EUR 1,001,790 1.000% Jun 2021                            - 2,820 2,820
Credit Suisse International Tesco PLC 1.72% 200,000 EUR 212,930 1.000% Dec 2020 (13,040) 6,391 (6,649)
Credit Suisse International Tesco PLC 1.96% 200,000 EUR 222,620 1.000% Jun 2021 (14,812) 5,049 (9,763)
Deutsche Bank AG People's Republic of China 0.51% 600,000 USD 600,000 1.000% Mar 2019 140 7,262 7,402
Goldman Sachs International United Mexican States 1.02% 800,000 USD 800,000 1.000% Sep 2019 4,081 (4,192) (111)
Goldman Sachs International Tesco PLC 1.72% 800,000 EUR 910,080 1.000% Dec 2020 (56,255) 29,659 (26,596)
Goldman Sachs International Tesco PLC 1.72% 100,000 EUR 113,760 1.000% Dec 2020 (6,990) 3,665 (3,325)
HSBC Bank USA United Mexican States 1.02% 600,000 USD 600,000 1.000% Sep 2019 2,975 (3,058) (83)
JPMorgan Chase Bank People's Republic of China 0.51% 1,400,000 USD 1,400,000 1.000% Mar 2019 2,291 14,980 17,271
JPMorgan Chase Bank Tesco PLC 1.72% 600,000 EUR 641,130 1.000% Mar 2021 (39,000) 19,053 (19,947)
Morgan Stanley Capital Services, Inc.     People's Republic of China 0.51% 200,000 USD 200,000 1.000% Mar 2019 (93) 2,560 2,467
Morgan Stanley Capital Services, Inc.     Barclays Bank PLC 0.95% 200,000 EUR 222,620 1.000% Jun 2021 206 421 627
          $10,927,690     ($168,783) $119,853 ($48,930)

 

 

 

366

 


                     
Investment Quality Bond Trust                    
The portfolio used credit default swaps to take a long position in exposure of the benchmark credit and to gain exposure to securities or a credit index.          
Counterparty Reference obligation Implied credit spread at 9-30-16 Notional amount Currency USD notional amount Received fixed rate Maturity date Unamortized upfront payment paid (received) Unrealized appreciation (depreciation) Market value
Goldman Sachs International Russian Federation 1.99% 535,000 USD $535,000 1.000% Jun 2021 ($27,926) $4,425 ($23,501)
Centrally Cleared Swaps                    
  CDX.NA.IG.27 0.75% 1,780,000 USD 1,780,000 1.000% Dec 2021                    20,420 2,470 22,890
  CMBX.NA.AAA.6 0.65% 199,961 USD 199,961 0.500% May 2063                    (6,410) 4,855 (1,555)
  CMBX.NA.AAA.6 0.65% 359,929 USD 359,929 0.500% May 2063 (12,180) 9,382 (2,798)
  CMBX.NA.AAA.6 0.65% 269,947 USD 269,947 0.500% May 2063 (9,130) 7,031 (2,099)
  CMBX.NA.AAA.6 0.65% 459,910 USD 459,910 0.500% May 2063                   (15,362) 11,786 (3,576)
  CMBX.NA.AAA.6 0.65% 284,944 USD 284,944 0.500% May 2063 (9,435) 7,220 (2,215)
  CMBX.NA.AAA.6 0.65% 5,514,919 USD 5,514,919 0.500% May 2063 (178,500) 135,623 (42,877)
  CMBX.NA.AAA.6 0.65% 364,929 USD 364,929 0.500% May 2063 (8,525) 5,688 (2,837)
  CMBX.NA.AAA.6 0.65% 754,852 USD 754,852 0.500% May 2063 (17,832) 11,963 (5,869)
  CMBX.NA.AAA.6 0.65% 1,210,763 USD 1,210,763 0.500% May 2063 (28,647) 19,234 (9,413)
  ITRAXX-XOVERS26V1-5Y 3.29% 387,000 EUR 434,562 5.000% Dec 2021 34,674 334 35,008
          $12,169,716     ($258,853) $220,011 ($38,842)

 

Currency swaps. Cross-currency swap agreements involve two parties exchanging two different currencies with an agreement to reverse the exchange at a later date at specified exchange rates. The exchange of currencies at the inception date of the contract takes place at the current spot rate. The re-exchange at maturity may take place at the same exchange rate, a specified rate, or the then current spot rate. Interest payments, if applicable, are made between the parties based on interest rates available in the two currencies at the inception of the contract. Some cross-currency swaps may not provide for exchanging principal cash flows, but only for exchanging interest cash flows.

 

 

 

 

367

 


The following table summarizes the currency swap contracts held at September 30, 2016. In addition, the table details how the portfolio used currency swap contracts during the period ended September 30, 2016.

 

Global Bond Trust                    
The portfolio used currency swaps to manage against anticipated currency exchange rate changes, maintain diversity of the portfolio and to gain exposure to foreign currencies.

 

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
Bank of America, N.A. Floating rate equal to 3 Month GBP-LIBOR less 0.1500% based on the notional amount of the currency received Floating rate equal to 3 Month USD-LIBOR based on the notional amount of currency delivered Mar 2019 GBP 11,300,000 USD 16,068,300 ($10,862) ($1,416,877) ($1,427,739)
Bank of America, N.A. Floating rate equal to 3 Month EUR-EURIBOR less 0.5170% based on the notional amount of the currency received Floating rate equal to 3 Month USD-LIBOR based on the notional amount of currency delivered Mar 2022 EUR 13,200,000 USD 14,861,880 (104,822) 20,908 (83,914)
Bank of America, N.A. Floating rate equal to 3 Month EUR-EURIBOR less 0.5050% based on the notional amount of the currency received Floating rate equal to 3 Month USD-LIBOR based on the notional amount of currency delivered Mar 2027 EUR 2,200,000 USD 2,456,080 18,700 (11,546) 7,154
BNP Paribas SA Floating rate equal to 3 Month EUR-EURIBOR less 0.5170% based on the notional amount of the currency received Floating rate equal to 3 Month USD-LIBOR based on the notional amount of currency delivered Mar 2022 EUR 2,100,000 USD 2,364,390 (9,134) (4,216) (13,350)
Citibank, N.A. Floating rate equal to 3 Month GBP-LIBOR less 0.1400% based on the notional amount of the currency received Floating rate equal to 3 Month USD-LIBOR based on the notional amount of currency delivered Mar 2019 GBP 8,200,000 USD 11,562,000 40,916 (976,267) (935,351)
Citibank, N.A. Floating rate equal to 3 Month EUR-EURIBOR less 0.4698% based on the notional amount of the currency received Floating rate equal to 3 Month USD-LIBOR based on the notional amount of currency delivered Mar 2022 EUR 1,000,000 USD 1,125,900 2,200 (5,800) (3,600)
Citibank, N.A. Floating rate equal to 3 Month EUR-EURIBOR less 0.5055% based on the notional amount of the currency received Floating rate equal to 3 Month USD-LIBOR based on the notional amount of currency delivered Mar 2027 EUR 8,990,000 USD 10,036,436 76,414 (47,707) 28,707
Deutsche Bank AG Floating rate equal to 3 Month USD-LIBOR based on the notional amount of currency received Floating rate equal to 3 Month JPY-LIBOR less 0.7750% based on the notional amount of the currency delivered Jan 2019 USD 1,474,564 JPY 150,000,000 11,649 (15,307) (3,658)
Deutsche Bank AG Floating rate equal to 3 Month USD-LIBOR based on the notional amount of currency received Floating rate equal to 3 Month JPY-LIBOR less 0.7705% based on the notional amount of the currency delivered Jan 2019 USD 393,217 JPY 40,000,000 2,649 (3,661) (1,012)
Deutsche Bank AG Floating rate equal to 3 Month EUR-EURIBOR less 0.4775% based on the notional amount of the currency received Floating rate equal to 3 Month USD-LIBOR based on the notional amount of currency delivered Mar 2022 EUR 11,600,000 USD 13,060,440 (5,066) (41,940) (47,006)
Goldman Sachs Bank USA Floating rate equal to 3 Month CAD-LIBOR less 0.1250% based on the notional amount of the currency received Floating rate equal to 3 Month USD-LIBOR based on the notional amount of currency delivered Dec 2018 CAD 8,300,000 USD 6,345,081 (17,073) 1,364 (15,709)
Goldman Sachs Bank USA Floating rate equal to 3 Month CAD-LIBOR less 0.1225% based on the notional amount of the currency received Floating rate equal to 3 Month USD-LIBOR based on the notional amount of currency delivered Dec 2018 CAD 8,200,000 USD 6,268,634 (2,395) (12,815) (15,210)
Goldman Sachs Bank USA Floating rate equal to 3 Month USD-LIBOR based on the notional amount of currency received Floating rate equal to 3 Month JPY-LIBOR less 0.7675% based on the notional amount of the currency delivered Jan 2019 USD 5,601,966 JPY 570,000,000 42,888 (59,030) (16,142)
Goldman Sachs Bank USA Floating rate equal to 3 Month GBP-LIBOR less 0.1200% based on the notional amount of the currency received Floating rate equal to 3 Month USD-LIBOR based on the notional amount of currency delivered Mar 2019 GBP 12,500,000 USD 18,096,100 (166,898) (1,723,485) (1,890,383)
Goldman Sachs Bank USA Floating rate equal to 3 Month USD-LIBOR based on the notional amount of currency received Floating rate equal to 3 Month JPY-LIBOR less 0.7675% based on the notional amount of the currency delivered Mar 2019 USD 2,938,296 JPY 300,000,000 15,886 (34,544) (18,658)
Goldman Sachs Bank USA Floating rate equal to 3 Month EUR-EURIBOR less 0.4835% based on the notional amount of the currency received Floating rate equal to 3 Month USD-LIBOR based on the notional amount of currency delivered Mar 2027 EUR 700,000 USD 781,480 (665) 4,712 4,047
HSBC Bank USA Floating rate equal to 3 Month USD-LIBOR based on the notional amount of currency received Floating rate equal to 3 Month JPY-LIBOR less 0.7675% based on the notional amount of the currency delivered Jan 2019 USD 9,046,214 JPY 920,000,000 84,157 (105,765) (21,608)
UBS AG Floating rate equal to 3 Month USD-LIBOR based on the notional amount of currency received Floating rate equal to 3 Month JPY-LIBOR less 0.7550% based on the notional amount of the currency delivered Sep 2018 USD 784,660 JPY 80,000,000 25,472 (28,550) (3,078)
UBS AG Floating rate equal to 3 Month EUR-EURIBOR less 0.4363% based on the notional amount of the currency received Floating rate equal to 3 Month USD-LIBOR based on the notional amount of currency delivered Mar 2026 EUR 1,600,000 USD 1,787,120 13,519 2,037 15,556
                $17,535 ($4,458,489) ($4,440,954)
                     
* At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered.

 

 

 

 

368

 


Volatility Swaps. Volatility swap agreements involve two parties agreeing to exchange cash flows based on the measured variance (or square of volatility) of a specified underlying asset. One party agrees to exchange a “fixed rate” or strike price payment for the “floating rate” or realized price variance on the underlying asset with respect to the notional amount. At inception, the strike price is generally chosen such that the fair value of the swap is zero. At the maturity date, a net cash flow is exchanged, where the payoff amount is equivalent to the difference between the realized price variance of the underlying asset and the strike price multiplied by the notional amount. As a receiver of the realized price variance, the portfolio would receive the payoff amount when the realized price variance of the underlying asset is greater than the strike price and would owe the payoff amount when the price variance is less than the strike price. As a payer of the realized price variance, the portfolio would owe the payoff amount when the realized price variance of the underlying asset is greater than the strike price and would receive the payoff amount when the variance is less than the strike price. Payments on volatility swaps will be greater if they are based upon the mathematical square of volatility (which is referred to as “variance”). This type of volatility swap is referred to as a variance swap.

 

The following table summarizes the volatility swap contracts held at September 30, 2016. In addition, the table details how the portfolio used volatility swap contracts during the period ended September 30, 2016.

 

Global Bond Trust                    
The portfolio used volatility swaps to take a position on future expectations of volatility.
Counterparty Reference entity Notional amount Currency USD notional amount Pay/receive volatility Volatility strike rate  Maturity date Unamortized upfront payment paid (received) Unrealized appreciation (depreciation)  Market value
Deutsche Bank EUR versus CHF 4,000 CHF $4,012 Receive 8.40% Dec 2016                         -    $10,169 $10,169
Deutsche Bank EUR versus CHF 9,000 CHF 9,217 Receive 7.25% Jan 2017                         -    11,406 11,406
Deutsche Bank EUR versus CHF 11,000 CHF 11,307 Receive 8.50% Mar 2017                         -    21,942 21,942
Deutsche Bank EUR versus CHF 7,000 CHF 7,258 Receive 8.15% Mar 2017                         -    10,772 10,772
UBS AG EUR versus CHF 6,000 CHF 6,140 Receive 6.85% Jan 2017                         -    4,730 4,730
Deutsche Bank USD versus CHF 4,000 CHF 4,012 Pay 10.80% Dec 2016                         -    4,520 4,520
Deutsche Bank USD versus CHF 9,000 CHF 9,217 Pay 9.25% Jan 2017                         -    1,677 1,677
Deutsche Bank USD versus CHF 11,000 CHF 11,307 Pay 10.30% Mar 2017                         -    9,700 9,700
Deutsche Bank USD versus CHF 7,000 CHF 7,258 Pay 10.05% Mar 2017                         -    4,736 4,736
UBS AG USD versus CHF 6,000 CHF 6,140 Pay 8.75% Jan 2017                         -    (2,478) (2,478)
        $75,868                               -    $77,174 $77,174

 

Investment in affiliated underlying portfolios. Core Strategy Trust, Franklin Templeton Founding Allocation Trust, Lifestyle Aggressive MVP, Lifestyle Aggressive PS Series, Lifestyle Balanced MVP, Lifestyle Balanced PS Series, Lifestyle Conservative MVP, Lifestyle Conservative PS Series, Lifestyle Growth MVP, Lifestyle Growth PS Series, Lifestyle Moderate MVP and Lifestyle Moderate PS Series invest primarily in affiliated underlying funds that are managed by the Advisor and its affiliates. The portfolios do not invest in the affiliated underlying funds for the purpose of exercising management or control; however, the portfolios’ investment may represent a significant portion of each underlying funds’ net assets.

 

 

 

 

369

 


Information regarding the portfolios’ fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the portfolios from their investments in affiliated underlying funds is as follows.

 

           Dividends and distributions    
Portfolio  Beginning share amount  Shares purchased  Shares sold  Ending share amount  Income distributions received  Capital gain distributions received  Realized gain (loss)  Ending value
Core Strategy Trust                
Bond        82,607,762       1,551,513        (6,732,696)        77,426,579 $9,317,847                        -    ($2,693,043) $1,082,423,580
Strategic Equity Allocation      158,519,724       3,817,442        (9,274,487)      153,062,679               9,918,617 $51,816,095        30,704,273         2,553,085,485
          $19,236,464 $51,816,095 $28,011,230 $3,635,509,065
                 
Franklin Templeton Founding Allocation Trust                
Global        19,427,293            34,286          (952,659)        18,508,920 $638,071                        -    $2,027,439 $347,782,613
Income        32,757,295          433,304        (3,410,094)        29,780,505               3,048,215                        -            (2,828,437)            347,538,492
Mutual Shares        29,767,896       3,264,897        (2,790,827)        30,241,966               7,080,269 $30,237,499          2,192,102            347,782,613
          $10,766,555 $30,237,499 $1,391,104 $1,043,103,718
                 
Lifestyle Aggressive MVP                
All Cap Core            401,867             1,045            (80,106)            322,806 $30,264                        -    $1,167,967 $9,403,341
Alpha Opportunities         2,445,209          268,227          (320,510)         2,392,926                   47,855 $2,671,963         (1,534,831)              24,240,339
Blue Chip Growth            876,464          161,999            (54,115)            984,348                   14,041             4,377,734             748,041              27,118,775
Capital Appreciation         1,648,100          309,035            (97,437)         1,859,698                     2,096             3,644,530             484,979              22,204,797
Emerging Markets Value         3,822,159            37,108          (299,894)         3,559,373                  308,376                        -            (1,468,026)              29,720,767
Equity Income         2,387,939          229,963          (340,999)         2,276,903                  176,035             3,432,074          1,438,753              35,838,452
Fundamental Large Cap Value         2,177,306             6,122          (160,450)         2,022,978                  108,052                        -                957,377              35,503,270
International Core         2,238,390          126,667            (42,619)         2,322,438                   89,523                        -               (127,082)              22,806,338
International Growth Opportunities            697,206                  -               (54,662)            642,544                          -                           -                166,660               8,500,852
International Growth Stock            983,870             6,276              (7,479)            982,667                  102,548                        -                 23,817              15,958,520
International Value         2,071,043            35,584            (90,918)         2,015,709                   43,455                        -               (248,589)              24,732,749
John Hancock Multifactor Large Cap ETF                    -             143,309                   -               143,309                          -                           -                        -                  4,042,747
John Hancock Multifactor Mid Cap ETF                    -               72,509                   -                 72,509                          -                           -                        -                  2,013,575
Mid Cap Stock            890,291            63,899            (77,248)            876,942                          -                   938,037              74,060              13,005,050
Mid Value            875,210          100,595          (155,892)            819,913                   45,986             1,046,481              94,938               8,904,259
Real Estate Securities            426,949             2,004            (78,189)            350,764                   40,400                        -                560,744               6,955,645
Small Cap Growth            399,371            62,201            (26,794)            434,778                          -                   317,083             (47,499)               3,504,307
Small Cap Opportunities            170,344            16,773            (18,102)            169,015                   24,439                444,551             281,539               4,766,234
Small Cap Value            119,594            16,422            (13,993)            122,023                     4,869                314,700              74,070               2,330,639
Small Company Growth              86,217            13,913              (8,420)              91,710                          -                   344,779             121,254               2,289,086
Small Company Value            142,098            21,218            (23,391)            139,925                     5,452                408,510             150,752               2,718,738
Strategic Equity Allocation         1,223,888       2,351,312        (3,239,184)            336,016                   42,767                223,421             826,467               5,604,753
Strategic Growth         1,489,933                  -             (118,706)         1,371,227                          -                           -                109,984              22,186,447
U.S. Equity         1,167,917          117,348          (318,692)            966,573                   74,042             2,033,530          2,596,805              17,388,654
          $1,160,200 $20,197,393 $6,452,180 $351,738,334
                 
Lifestyle Aggressive PS Series                
Strategic Equity Allocation         1,056,699          120,239            (34,911)         1,142,027 $72,866 $380,659 ($43,530) $19,049,013

 

 

 

370

 


           Dividends and distributions    
Portfolio  Beginning share amount  Shares purchased  Shares sold  Ending share amount  Income distributions received  Capital gain distributions received  Realized gain (loss)  Ending value
Lifestyle Balanced MVP                
All Cap Core         3,061,862             6,734          (996,723)         2,071,873 $195,141                        -    $19,093,466 $60,353,671
Alpha Opportunities        19,206,889       1,983,649        (3,550,775)        17,639,763                  353,910 $19,760,297         (4,732,018)            178,690,798
Blue Chip Growth         5,376,443       1,000,285          (338,487)         6,038,241                   86,696           27,031,026          4,369,054            166,353,547
Bond      194,497,305       8,242,163      (27,258,128)      175,481,340             21,239,061                        -            (3,997,595)         2,453,229,134
Capital Appreciation        11,127,125       2,095,280          (670,874)        12,551,531                   14,209           24,710,096          4,737,542            149,865,279
Core Bond        27,292,948          145,098        (2,976,987)        24,461,059               1,797,984                181,152         (2,084,203)            333,893,458
Emerging Markets Value        32,008,643          317,316        (2,093,380)        30,232,579               2,636,898                        -             4,941,010            252,442,034
Equity Income        16,311,628       1,573,159        (2,356,926)        15,527,861               1,204,244           23,478,628        21,750,688            244,408,539
Fundamental Large Cap Value        13,491,557            38,150          (908,454)        12,621,253                  673,357                        -             5,567,870            221,502,995
Global Bond        14,712,998                  -           (2,274,274)        12,438,724                          -                           -             4,438,005            163,444,838
Global Conservative Absolute Return         3,715,472                  -                      -            3,715,472                          -                           -                        -                 36,448,781
International Core        14,901,160          120,357          (670,154)        14,351,363                  556,490                        -             2,467,944            140,930,385
International Growth Opportunities         4,873,885                  -             (624,888)         4,248,997                          -                           -             1,705,601              56,214,233
International Growth Stock         6,734,683            57,278          (537,790)         6,254,171                  657,720                        -             1,140,017            101,567,737
International Value        13,774,489          274,565        (1,676,451)        12,372,603                  268,040                        -             5,354,379            151,811,837
John Hancock Multifactor Large Cap ETF                    -          3,147,462                   -            3,147,462                          -                           -                        -                 88,789,903
John Hancock Multifactor Mid Cap ETF                    -          1,604,590                   -            1,604,590                          -                           -                        -                 44,559,464
Mid Cap Stock         7,725,698          556,364          (684,620)         7,597,442                          -                8,167,423          5,025,212            112,670,072
Mid Value        11,060,590       1,277,863        (1,963,622)        10,374,831                  584,153           13,293,437          7,964,473            112,670,661
New Income        48,534,784          619,535        (5,286,913)        43,867,406               5,661,816             2,509,846         (1,642,977)            578,611,081
Short Term Government Income         4,835,832            22,292          (360,665)         4,497,459                  275,751                        -               (160,071)              55,813,465
Small Cap Growth         5,296,234       1,086,998          (489,396)         5,893,836                          -                4,300,166          1,368,698              47,504,322
Small Cap Value         2,396,722          331,603          (251,661)         2,476,664                   98,313             6,354,680          2,924,634              47,304,287
Small Company Growth         1,467,891          238,040          (147,585)         1,558,346                          -                5,870,582          2,820,646              38,896,315
Small Company Value         2,902,398          437,917          (453,530)         2,886,785                  112,531             8,431,224          4,411,488              56,090,229
Strategic Equity Allocation      108,729,299       2,423,358      (11,429,212)        99,723,445               6,482,665           33,866,253        45,208,332         1,663,387,065
Strategic Growth        10,043,954                  -             (808,948)         9,235,006                          -                           -             1,023,849            149,422,403
Total Return        22,569,076          355,870        (2,354,030)        20,570,916               4,836,395                        -            (1,356,775)            281,410,128
U.S. Equity         8,804,189          476,984        (5,365,119)         3,916,054                  300,957             8,265,676        58,409,378              70,449,811
          $48,036,331 $186,220,486 $190,748,647 $8,058,736,472
                 
Lifestyle Balanced PS Series                
Bond        36,773,458       3,547,446        (4,079,603)        36,241,301 $4,359,409                        -    $30,058 $506,653,393
Strategic Equity Allocation        30,214,068       2,307,209        (1,955,480)        30,565,797               1,967,799 $10,280,026             519,176            509,837,489
          $6,327,208 $10,280,026 $549,234 $1,016,490,882
                 
Lifestyle Conservative MVP                
Blue Chip Growth            576,592          168,789            (62,454)            682,927 $9,701 $3,024,680 $419,725 $18,814,635
Bond        59,021,144       1,434,337        (4,608,457)        55,847,024               6,821,353                        -               (107,645)            780,741,389
Capital Appreciation            727,030          223,148            (86,532)            863,646                        969             1,684,760            (256,389)              10,311,935
Core Bond         8,107,078            83,559          (529,446)         7,661,191                  560,537                 56,476            (370,932)            104,575,255
Equity Income         1,846,600          276,654          (268,047)         1,855,207                  142,458             2,777,449             673,779              29,200,963
Fundamental All Cap Core         2,475,435          345,021          (403,255)         2,417,201                          -                           -                (21,642)              36,789,803
Global Bond         4,451,872            68,879          (547,856)         3,972,895                          -                           -             1,151,057              52,203,835
Global Conservative Absolute Return         1,215,051                  -                      -            1,215,051                          -                           -                        -                 11,919,649
International Core         2,155,622          281,354          (325,296)         2,111,680                   81,309                        -                304,040              20,736,693
International Growth Opportunities            307,476            46,370            (71,928)            281,918                          -                           -                171,213               3,729,777
International Growth Stock            375,622            43,358            (50,711)            368,269                   38,352                        -                122,001               5,980,693
International Value         1,961,020          400,691          (550,899)         1,810,812                   38,661                        -                930,322              22,218,662
Mid Cap Stock            616,990          115,835            (94,286)            638,539                          -                   678,138              29,136               9,469,539
Mid Value            885,528          138,886          (149,328)            875,086                   48,710             1,108,479             130,418               9,503,436
New Income        14,482,953          262,617          (943,131)        13,802,439               1,771,904                785,473            (386,992)            182,054,174
Short Term Government Income         1,408,136            25,034            (52,300)         1,380,870                   84,649                        -                (25,380)              17,136,595
Small Cap Growth            872,080          251,868          (185,339)            938,609                          -                   677,249            (181,987)               7,565,188
Small Cap Value            607,738          146,165          (105,042)            648,861                   25,400             1,641,816             302,404              12,393,238
Strategic Equity Allocation         7,713,094          506,871          (770,222)         7,449,743                  480,291             2,509,101          3,087,377            124,261,708
Total Return         6,729,502          147,976          (409,531)         6,467,947               1,508,662                        -               (203,839)              88,481,513
          $11,612,956 $14,943,621 $5,766,666 $1,548,088,680

 

 

 

371

 


           Dividends and distributions    
Portfolio  Beginning share amount  Shares purchased  Shares sold  Ending share amount  Income distributions received  Capital gain distributions received  Realized gain (loss)  Ending value
Lifestyle Conservative PS Series                
Bond        11,446,987       1,479,882        (1,158,608)        11,768,261 $1,449,684                        -    $272,032 $164,520,292
Strategic Equity Allocation         2,340,516          675,906          (552,113)         2,464,309                  160,574 $838,856            (382,193)              41,104,680
          $1,610,258 $838,856 ($110,161) $205,624,972
                 
Lifestyle Growth MVP                
All Cap Core         4,064,879             8,701        (1,418,675)         2,654,905 $252,140                        -    $15,032,238 $77,337,369
Alpha Opportunities        34,258,666       3,606,845        (6,072,491)        31,793,020                  643,510 $35,929,900         (9,276,377)            322,063,296
Blue Chip Growth         9,976,068       1,833,860          (816,575)        10,993,353                  158,944           49,557,005        15,356,369            302,866,871
Bond      121,139,144      36,956,255      (56,325,069)      101,770,330             12,377,534                        -            (5,421,141)         1,422,749,214
Capital Appreciation        20,494,383       3,818,855        (1,626,229)        22,687,009                   25,897           45,036,595          5,763,984            270,882,890
Core Bond        19,965,892          104,184        (2,293,182)        17,776,894               1,290,991                130,071         (1,082,275)            242,654,600
Emerging Markets Value        49,337,536          477,711        (4,650,094)        45,165,153               3,969,777                        -           10,487,699            377,129,024
Equity Income        29,400,397       2,810,324        (4,713,584)        27,497,137               2,151,286           41,942,690        40,929,414            432,804,938
Fundamental Large Cap Value        25,571,607            71,075        (2,234,617)        23,408,065               1,254,475                        -           13,032,678            410,811,549
Global Bond        10,678,964                  -           (1,655,981)         9,022,983                          -                           -             2,006,884            118,561,991
Global Conservative Absolute Return         3,982,705                  -                      -            3,982,705                          -                           -                        -                 39,070,336
International Core        27,132,349          103,612        (1,454,020)        25,781,941               1,008,138                        -            (6,081,354)            253,178,657
International Growth Opportunities         9,421,233                  -           (1,358,933)         8,062,300                          -                           -             3,588,907            106,664,226
International Growth Stock        12,326,422            72,986        (1,135,768)        11,263,640               1,192,599                        -             2,627,050            182,921,521
International Value        26,373,147            41,774        (2,885,576)        23,529,345                  510,907                        -          (11,200,905)            288,705,067
John Hancock Multifactor Large Cap ETF                    -          3,839,096                   -            3,839,096                          -                           -                        -               108,300,898
John Hancock Multifactor Mid Cap ETF                    -          1,948,371                   -            1,948,371                          -                           -                        -                 54,106,263
Mid Cap Stock         9,487,165          676,289          (997,275)         9,166,179                          -                9,927,922          6,631,367            135,934,435
Mid Value        13,699,973       1,566,856        (2,657,203)        12,609,626                  716,261           16,299,788        13,026,336            136,940,537
New Income        35,430,565          444,351        (4,036,271)        31,838,645               4,060,852             1,800,149         (3,717,526)            419,951,734
Short Term Government Income         3,036,825            13,659          (261,538)         2,788,946                  168,959                        -               (196,264)              34,610,816
Small Cap Growth         8,187,998          806,700          (195,134)         8,799,564                          -                6,364,858             542,828              70,924,482
Small Cap Opportunities         2,156,254          209,638          (274,484)         2,091,408                  305,445             5,556,015          2,857,692              58,977,696
Small Cap Value         2,941,638          400,330          (358,955)         2,983,013                  118,689             7,671,744          4,050,183              56,975,554
Small Company Growth         2,235,003          355,259          (267,682)         2,322,580                          -                8,803,329          3,423,732              57,971,594
Small Company Value         4,442,137          659,258          (780,283)         4,321,112                  169,409           12,692,713          2,963,458              83,959,208
Strategic Equity Allocation      189,875,971       4,195,189      (26,141,599)      167,929,561             11,222,447           58,627,464        98,902,334         2,801,065,081
Strategic Growth        18,499,354                  -           (1,769,673)        16,729,681                          -                           -             1,839,810            270,686,246
Total Return        16,377,590          254,836        (1,752,846)        14,879,580               3,463,658                        -            (1,152,430)            203,552,660
U.S. Equity        18,231,867       1,492,458        (7,594,057)        12,130,268                  941,677           25,862,855        87,397,073            218,223,513
          $46,003,595 $326,203,098 $292,331,764 $9,560,582,266
                 
Lifestyle Growth PS Series                
Bond        44,622,699       9,834,060      (10,981,907)        43,474,852 $5,176,099                        -    $19,874 $607,778,431
Strategic Equity Allocation        85,810,005       3,603,614        (4,082,260)        85,331,359               5,498,843 $28,726,643             939,026         1,423,327,073
          $10,674,942 $28,726,643 $958,900 $2,031,105,504
                 
Lifestyle Moderate MVP                
Alpha Opportunities         4,200,090          493,169          (260,979)         4,432,280 $87,988 $4,912,737 ($704,727) $44,898,996
Blue Chip Growth         1,445,876          274,526            (53,569)         1,666,833                   23,688             7,385,551             686,203              45,921,258
Bond        70,877,560       1,827,084        (7,647,052)        65,057,592               7,958,384                        -            (1,990,328)            909,505,138
Capital Appreciation         1,623,235          329,367            (72,307)         1,880,295                     2,105             3,660,887             268,084              22,450,718
Core Bond         9,827,883            84,627          (903,257)         9,009,253                  659,963                 66,493            (592,870)            122,976,298
Equity Income         5,893,876          580,486          (688,058)         5,786,304                  444,358             8,663,464          5,987,863              91,076,429
Fundamental All Cap Core         5,199,523            28,466          (214,293)         5,013,696                          -                           -                131,703              76,308,451
Global Bond         5,215,191            27,083          (730,468)         4,511,806                          -                           -                995,599              59,285,132
Global Conservative Absolute Return         1,446,937                  -                      -            1,446,937                          -                           -                        -                 14,194,448
International Core         5,327,087          151,316          (169,076)         5,309,327                  203,791                        -                463,030              52,137,593
International Growth Opportunities         1,580,964                  -             (164,343)         1,416,621                          -                           -                461,204              18,741,894
International Growth Stock         2,204,296            31,816          (135,759)         2,100,353                  218,738                        -                336,598              34,109,729
International Value         5,255,245            19,237          (383,027)         4,891,455                  104,717                        -                886,975              60,018,149
Mid Cap Stock         1,504,592          109,692          (100,412)         1,513,872                          -                1,610,275             725,175              22,450,718
Mid Value         2,163,417          254,789          (327,556)         2,090,650                  116,472             2,650,532          1,736,764              22,704,454
New Income        17,447,688          292,124        (1,609,948)        16,129,864               2,073,155                919,016            (180,598)            212,752,909
Short Term Government Income         1,604,648            14,536            (93,741)         1,525,443                   93,332                        -                (41,807)              18,930,744
Small Cap Growth         1,309,393          237,168            (96,272)         1,450,289                          -                1,047,392            (132,740)              11,689,330
Small Cap Value            623,699            87,855            (51,124)            660,430                   26,047             1,683,612             604,235              12,614,215
Small Company Growth            338,856            55,195            (26,152)            367,899                          -                1,367,733             484,953               9,182,761
Small Company Value            704,310          108,003            (95,731)            716,582                   27,753             2,079,363             985,353              13,923,180
Strategic Equity Allocation        24,808,797          561,839        (2,001,473)        23,369,163               1,502,962             7,851,661          8,055,733            389,797,640
Strategic Growth         1,465,598             2,313            (80,351)         1,387,560                          -                           -                (18,323)              22,450,718
Total Return         8,064,383          144,283          (690,119)         7,518,547               1,756,257                        -               (401,900)            102,853,721
U.S. Equity         1,228,620          153,935          (106,255)         1,276,300                   97,126             2,667,543             996,017              22,960,629
          $15,396,836 $46,566,259 $19,742,196 $2,413,935,252
                 
Lifestyle Moderate PS Series                
Bond        14,527,898       1,605,837        (1,920,363)        14,213,372 $1,723,580                        -    $56,465 $198,702,943
Strategic Equity Allocation         7,926,674       1,042,486          (993,410)         7,975,750                  509,474 $2,661,555             (64,741)            133,035,509
          $2,233,054 $2,661,555 ($8,276) $331,738,452

 

 

 

 

372

 


Direct placement securities. The portfolios may hold private placement securities which are restricted as to resale and the portfolios have limited rights to registration under the Securities Act of 1933. The following table summarizes the direct placement securities held at September 30, 2016.

 

Portfolio Issuer, Description Original acquisition date Acquisition cost Beginning share/par amount Ending share/par amount Value as a percentage of portfolio's net assets   Value as of 9-30-16  
 
 
Alpha Opportunities Trust Birst, Inc., Series F 3/3/2015 $269,102 46,072 46,072 0.0% * $237,732  
Alpha Opportunities Trust Cloudera, Inc., Series F 2/5/2014 229,626 15,771 15,771 0.1%   328,510  
Alpha Opportunities Trust DocuSign, Inc., Series B 2/28/2014 11,360 865 865 0.0% * 16,599  
Alpha Opportunities Trust DocuSign, Inc., Series B1 3/3/2014 3,401 259 259 0.0% * 4,970  
Alpha Opportunities Trust DocuSign, Inc., Series D 3/3/2014 8,155 621 621 0.0% * 11,917
Alpha Opportunities Trust DocuSign, Inc., Series E 3/3/2014 176,696 16,071 13,455 0.0% * 258,201
  Sold: 2,616 shares              
Alpha Opportunities Trust DraftKings, Inc. 12/22/2015 48,473 $48,473 $48,473 0.0% * 48,473
Alpha Opportunities Trust DraftKings, Inc., Series C 12/4/2014 135,907 75,450 75,450 0.0% * 155,427
Alpha Opportunities Trust Dropbox, Inc., Series C 1/28/2014 208,108 10,895 10,895 0.0% * 144,032
Alpha Opportunities Trust Essence Group Holdings Corp. 5/1/2014 321,999 203,629 203,629 0.1%   502,964
Alpha Opportunities Trust Forward Venture 11/20/2014 446,608 14,346 14,346 0.1%   628,642
Alpha Opportunities Trust Jand, Inc., Class A 4/23/2015 40,141 3,495 3,495 0.0% * 38,061
Alpha Opportunities Trust Jand, Inc., Series D 4/23/2015 89,643 7,805 7,805 0.0% * 84,996
Alpha Opportunities Trust Lithium Technology Corp. 8/18/2014 578,207 118,631 118,631 0.1%   565,870
Alpha Opportunities Trust Lookout, Inc., Series F 7/31/2014 287,565 25,174 25,174 0.0% * 193,840
Alpha Opportunities Trust MarkLogic Corp., Series F 4/27/2015 358,170 30,839 30,839 0.0% * 284,644
Alpha Opportunities Trust Pinterest, Inc., Series G 3/16/2015 1,163,695 162,095** 162,095** 0.2%   1,113,593
Alpha Opportunities Trust Redfin Corp. 12/15/2014 257,887 78,202 78,202 0.0% * 287,001
Alpha Opportunities Trust The Honest Company, Inc. (Common Stock) 8/20/2014 103,927 3,841 3,841 0.0% * 134,934
Alpha Opportunities Trust The Honest Company, Inc. (Preferred Stock) 8/20/2014 242,515 8,963 8,963 0.1%   314,870
Alpha Opportunities Trust Uber Technologies, Inc. 6/5/2014 2,206,328 142,224 142,224 1.2%   6,936,577
Alpha Opportunities Trust Veracode, Inc. 8/26/2014 345,534 18,712 18,712 0.1%   501,669
Alpha Opportunities Trust WeWork Companies, Inc., Class A 12/8/2014 42,527 2,554 2,554 0.0% * 128,191
Alpha Opportunities Trust WeWork Companies, Inc., Series D1 12/8/2014 211,370 12,694 12,694 0.1%   637,140
Alpha Opportunities Trust WeWork Companies, Inc., Series D2 12/8/2014 166,079 9,974 9,974 0.1%   500,618
Alpha Opportunities Trust Zuora, Inc., Series F 1/15/2015 379,546 99,899 99,899 0.1%   441,554
                $14,501,025
                 
Health Sciences Trust Acerta Pharma BV, Class B 2/8/2016 $128,018 - 4,276,305 0.1%   $324,144
  Bought: 4,276,305 shares              
Health Sciences Trust Doximity, Inc. 4/10/2014 152,390 31,611 31,611 0.1%   152,390
Health Sciences Trust Jand, Inc., Class A 4/23/2015 170,752 14,867 14,867 0.1%   161,902
Health Sciences Trust Jand, Inc., Series D 4/23/2015 381,289 33,198 33,198 0.1%   361,526
Health Sciences Trust Ovid Therapeutics, Inc., Series B 8/10/2015 85,638 13,746 13,746 0.0% * 55,534
Health Sciences Trust RPI International Holdings LP 5/21/2015 360,302 3,056 3,056 0.1%   360,309
                $1,415,805
                 
Mid Cap Stock Trust Birst, Inc., Series F 3/3/2015 $1,916,989 328,201 328,201 0.2%   $1,693,517
Mid Cap Stock Trust DocuSign, Inc., Series B 2/28/2014 81,224 6,185 6,185 0.0% * 118,690

 

 

 

373

 


Portfolio Issuer, Description Original acquisition date Acquisition cost Beginning share/par amount Ending share/par amount Value as a percentage of portfolio's net assets   Value as of 9-30-16  
 
 
Mid Cap Stock Trust DocuSign, Inc., Series B1 3/3/2014 24,334 1,853 1,853 0.0% * 35,559
Mid Cap Stock Trust DocuSign, Inc., Series D 3/3/2014 58,374 4,445 4,445 0.0% * 85,300
Mid Cap Stock Trust DocuSign, Inc., Series E 2/28/2014 1,263,888 114,951 96,242 0.3%   1,846,884
  Sold: 18,709 shares              
Mid Cap Stock Trust DraftKings, Inc. 12/22/2015 396,255 $396,255 $396,255 0.1%   396,255
Mid Cap Stock Trust DraftKings, Inc., Series C 12/4/2014 975,827 541,740 541,740 0.2%   1,115,984
Mid Cap Stock Trust Essence Group Holdings Corp. 5/1/2014 2,308,001 1,459,559 1,459,559 0.5%   3,605,111
Mid Cap Stock Trust Forward Venture 11/20/2014 3,219,745 103,425 103,425 0.6%   4,532,084
Mid Cap Stock Trust Jand, Inc., Class A 4/23/2015 290,613 25,303 25,303 0.0% * 275,550
Mid Cap Stock Trust Jand, Inc., Series D 4/23/2015 648,942 56,502 56,502 0.1%   615,307
Mid Cap Stock Trust Lithium Technology Corp. 8/18/2014 4,115,796 844,439 844,439 0.6%   4,027,974
Mid Cap Stock Trust Lookout, Inc., Series F 7/31/2014 2,122,743 185,829 185,829 0.2%   1,430,883
Mid Cap Stock Trust MarkLogic Corp., Series F 4/27/2015 2,580,629 222,196 222,196 0.3%   2,050,869
Mid Cap Stock Trust One Kings Lane, Inc. 1/28/2014 4,666,633 302,694 302,694 0.0% * 314,802
Mid Cap Stock Trust Pinterest, Inc., Series G 3/16/2015 2,096,941 292,090** 292,090** 0.3%   2,006,658
Mid Cap Stock Trust Redfin Corp. 12/15/2014 1,825,650 553,613 553,613 0.3%   2,031,760
Mid Cap Stock Trust The Honest Company, Inc. (Common Stock) 8/20/2014 772,269 28,542 28,542 0.1%   1,002,680
Mid Cap Stock Trust The Honest Company, Inc. (Preferred Stock) 8/20/2014 1,801,962 66,598 66,598 0.3%   2,339,588
Mid Cap Stock Trust Uber Technologies, Inc. 6/5/2014 9,067,440 584,504 584,504 4.0%   28,507,546
Mid Cap Stock Trust Veracode, Inc. 8/26/2014 2,528,610 136,934 136,934 0.5%   3,671,201
Mid Cap Stock Trust WeWork Companies, Inc., Class A 12/8/2014 303,018 18,198 18,198 0.1%   913,399
Mid Cap Stock Trust WeWork Companies, Inc., Series D1 12/8/2014 1,506,031 90,446 90,446 0.6%   4,539,688
Mid Cap Stock Trust WeWork Companies, Inc., Series D2 12/8/2014 1,183,315 71,065 71,065 0.5%   3,566,912
Mid Cap Stock Trust Zuora, Inc., Series F 1/15/2015 2,719,296 715,736 715,736 0.4%   3,163,553
                $73,887,754
                 
Mutual Shares Trust Warrior Met Coal LLC, Class A 4/22/2016 $1,981,982 - 1,550 0.0% * $126,976
  Bought: 1,550 shares              
Mutual Shares Trust Warrior Met Coal LLC, Class B 4/15/2016 289,879 - 3,623 0.1%   296,796
  Bought: 3,623 shares              
                $423,772
                 
Science & Technology Trust Airbnb, Inc., Series E 7/14/2015 $802,846 8,624 8,624 0.2%   $905,520
Science & Technology Trust Cloudera, Inc., Series F 2/5/2014 309,065 21,227 21,227 0.1%   442,158
Science & Technology Trust Dropbox, Inc., Class B 5/2/2012 67,334 7,441 7,441 0.0% * 98,370
Science & Technology Trust Dropbox, Inc., Series A 5/2/2012 83,623 9,241 9,241 0.0% * 122,166
Science & Technology Trust Dropbox, Inc., Series A1 5/2/2012 805,424 89,006 89,006 0.2%   1,176,659
Science & Technology Trust Flipkart, Ltd. 3/19/2015 55,860 490 490 0.0% * 59,579
Science & Technology Trust Flipkart, Ltd., Series A 3/19/2015 19,152 168 168 0.0% * 20,427
Science & Technology Trust Flipkart, Ltd., Series C 3/19/2015 33,630 295 295 0.0% * 35,869
Science & Technology Trust Flipkart, Ltd., Series E 3/19/2015 62,586 549 549 0.0% * 66,753
Science & Technology Trust Flipkart, Ltd., Series G 12/17/2014 377,484 3,152 3,152 0.1%   383,252
Science & Technology Trust Xiaoju Kuaizhi, Inc. 10/19/2015 260,905 9,513 9,513 0.1%   363,654
                $3,674,407
                 
Small Cap Growth Trust Cloudera, Inc., Series F 2/5/2014 $1,153,560 79,228 79,228 0.4%   $1,650,319
Small Cap Growth Trust DocuSign, Inc., Series B 2/28/2014 38,557 2,936 2,936 0.0% * 56,342
Small Cap Growth Trust DocuSign, Inc., Series B1 3/3/2014 11,557 880 880 0.0% * 16,887
Small Cap Growth Trust DocuSign, Inc., Series D 3/3/2014 27,709 2,110 2,110 0.0% * 40,491
Small Cap Growth Trust DocuSign, Inc., Series E 3/3/2014 600,032 54,573 45,691 0.2%   876,810
  Sold: 8,882 shares              
Small Cap Growth Trust DraftKings, Inc., Series D 7/13/2015 544,043 96,835 100,673 0.1%   384,571
  Bought: 3,838 shares              
Small Cap Growth Trust DraftKings, Inc., Series D1 8/11/2015 690,722 90,109 90,109 0.1%   457,754
Small Cap Growth Trust MarkLogic Corp., Series F 4/27/2015 1,781,885 153,423 153,423 0.4%   1,416,094
Small Cap Growth Trust Telogis, Inc. (Common Stock) 9/27/2013 938,340 473,646 473,646 0.3%   1,364,100
Small Cap Growth Trust Telogis, Inc. (Preferred Stock) 9/27/2013 1,419,833 645,027 645,027 0.6%   2,554,307
Small Cap Growth Trust The Honest Company, Inc. 8/3/2015 1,233,280 26,954 26,954 0.2%   946,894
Small Cap Growth Trust Veracode, Inc. 8/26/2014 1,211,529 65,609 65,609 0.4%   1,758,977
Small Cap Growth Trust Zuora, Inc., Series F 1/15/2015 1,533,808 403,708 403,708 0.4%   1,784,389
                $13,307,935
*Less than 0.05%                
**Five-to-one stock split                

The American Funds Insurance Series’ accounting policies and portfolios are outlined in their financial statements and/or Form N-Qs, available at the SEC’s website at www.sec.gov, or at the SEC’s public reference room in Washington, D.C. These funds are not covered by this report.

For additional information on the portfolios’ significant accounting policies, please refer to the portfolios’ most recent semiannual or annual shareholder report.

 

 

 

374

 


 

Item 2. Controls and Procedures.

 

(a)The Registrant’s principal executive and principal financial officers have concluded, based upon their evaluation of the Registrant’s disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant’s disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on form N-Q is accumulated and communicated to the Registrant’s management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

 

(b)There were no changes to the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recently ended fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

 

Item 3. Exhibits.

 

(a)Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940 are attached hereto as EX-99.CERT.

 

 

SIGNATURES

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Registrant: John Hancock Variable Insurance Trust

 

 

/s/ Andrew Arnott
Andrew Arnott
President

 

Date: November 11, 2016

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

 

/s/ Andrew Arnott
Andrew Arnott
President

 

Date: November 11, 2016

 

 

/s/ Charles A. Rizzo
Charles A. Rizzo
Chief Financial Officer

 

Date: November 11, 2016