N-Q 1 d340514.htm N-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number:       811-04146

 
JOHN HANCOCK VARIABLE INSURANCE TRUST
 

(Exact name of registrant as specified in charter)

601 CONGRESS STREET, BOSTON, MA 02210

(Address of principal executive offices)       (Zip code)

SALVATORE SCHIAVONE, 601 CONGRESS STREET, BOSTON, MA 02210

(Name and address of agent for service)

Registrant’s telephone number, including area code: 617-663-4497

Date of fiscal year end: December 31

Date of reporting period: March 31, 2018


Item 1. Schedule of Investments.






John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

500 Index Trust

Shares or
Principal
      Amount       Value
COMMON STOCKS – 97.0%
Consumer discretionary – 12.3%
Auto components – 0.2%
Aptiv PLC 57,901 $ 4,919,848
BorgWarner, Inc. 42,758 2,147,734
The Goodyear Tire & Rubber Company 53,111 1,411,690
8,479,272
Automobiles – 0.4%
Ford Motor Company 848,666 9,403,219
General Motors Company 275,124 9,998,006
Harley-Davidson, Inc. (A) 36,704 1,573,868
20,975,093
Distributors – 0.1%
Genuine Parts Company 32,083 2,882,337
LKQ Corp. (B) 67,554 2,563,674
5,446,011
Diversified consumer services – 0.0%
H&R Block, Inc. 44,592 1,133,083
Hotels, restaurants and leisure – 1.8%
Carnival Corp. 88,398 5,797,141
Chipotle Mexican Grill, Inc. (A)(B) 5,281 1,706,344
Darden Restaurants, Inc. 26,958 2,298,170
Hilton Worldwide Holdings, Inc. 43,750 3,445,750
Marriott International, Inc., Class A 65,431 8,897,307
McDonald’s Corp. 173,665 27,157,733
MGM Resorts International 110,616 3,873,772
Norwegian Cruise Line
       Holdings, Ltd. (B) 44,907 2,378,724
Royal Caribbean Cruises, Ltd. 37,299 4,391,584
Starbucks Corp. 306,164 17,723,834
Wyndham Worldwide Corp. 21,731 2,486,678
Wynn Resorts, Ltd. 17,596 3,208,807
Yum! Brands, Inc. 72,449 6,167,583
89,533,427
Household durables – 0.4%
D.R. Horton, Inc. 74,387 3,261,126
Garmin, Ltd. 23,904 1,408,663
Leggett & Platt, Inc. 28,947 1,284,089
Lennar Corp., A Shares 59,365 3,498,973
Mohawk Industries, Inc. (B) 13,789 3,202,082
Newell Brands, Inc. 106,224 2,706,588
PulteGroup, Inc. 58,074 1,712,602
Whirlpool Corp. 15,387 2,355,904
19,430,027
Internet and direct marketing retail – 3.6%
Amazon.com, Inc. (B) 87,524 126,676,986
Booking Holdings, Inc. (B) 10,627 22,108,305
Expedia Group, Inc. 26,460 2,921,449
Netflix, Inc. (B) 94,523 27,917,368
TripAdvisor, Inc. (A)(B) 23,484 960,261
180,584,369
Leisure products – 0.0%
Hasbro, Inc. 24,693 2,081,620
Mattel, Inc. (A) 73,708 969,260
3,050,880
Media – 2.5%
CBS Corp., Class B 75,239 3,866,532
Charter Communications, Inc.,
       Class A (B) 40,532 12,614,369
Comcast Corp., Class A 1,009,750 34,503,158
Discovery Communications, Inc.,
       Series A (A)(B) 32,823 703,397
Discovery Communications, Inc.,
       Series C (B) 67,809 1,323,632
DISH Network Corp., Class A (B) 49,209 1,864,529
News Corp., Class A 83,238 1,315,160
News Corp., Class B 25,493 410,437
Omnicom Group, Inc. (A) 50,319 3,656,682
The Interpublic Group of
       Companies, Inc. 83,605 1,925,423
The Walt Disney Company 327,571 32,901,231
Time Warner, Inc. 169,901 16,069,237
Twenty-First Century Fox, Inc., Class A 229,869 8,433,894
Twenty-First Century Fox, Inc., Class B 94,786 3,447,367
Viacom, Inc., Class B 76,473 2,375,251
125,410,299
Multiline retail – 0.5%
Dollar General Corp. 56,457 5,281,552
Dollar Tree, Inc. (B) 51,515 4,888,774
Kohl’s Corp. 36,829 2,412,668
Macy’s, Inc. 65,901 1,959,896
Nordstrom, Inc. 25,268 1,223,224
Target Corp. 118,367 8,218,221
23,984,335
Specialty retail – 2.1%
Advance Auto Parts, Inc. 16,320 1,934,736
AutoZone, Inc. (B) 5,900 3,827,271
Best Buy Company, Inc. 55,301 3,870,517
CarMax, Inc. (B) 39,496 2,446,382
Foot Locker, Inc. 26,944 1,227,030
L Brands, Inc. 54,110 2,067,543
Lowe’s Companies, Inc. 180,493 15,838,261
O’Reilly Automotive, Inc. (B) 18,230 4,509,737
Ross Stores, Inc. 83,214 6,489,028
The Gap, Inc. 47,380 1,478,256
The Home Depot, Inc. 254,366 45,338,196
The TJX Companies, Inc. 137,712 11,231,791
Tiffany & Company 22,130 2,161,216
Tractor Supply Company 27,602 1,739,478
Ulta Beauty, Inc. (B) 12,652 2,584,424
106,743,866
Textiles, apparel and luxury goods – 0.7%
Hanesbrands, Inc. (A) 78,967 1,454,572
Michael Kors Holdings, Ltd. (B) 32,697 2,029,830
NIKE, Inc., Class B 282,683 18,781,459
PVH Corp. 16,904 2,559,773
Ralph Lauren Corp. 12,062 1,348,532
Tapestry, Inc. 62,392 3,282,443
Under Armour, Inc., Class A (A)(B) 40,491 662,028
Under Armour, Inc., Class C (A)(B) 40,526 581,548
VF Corp. 71,402 5,292,316
35,992,501
620,763,163
Consumer staples – 7.4%
Beverages – 1.9%
Brown-Forman Corp., Class B 57,011 3,101,398
Constellation Brands, Inc., Class A 37,305 8,502,556
Dr. Pepper Snapple Group, Inc. 38,955 4,611,493
Molson Coors Brewing Company,
       Class B 40,265 3,033,162
Monster Beverage Corp. (B) 89,900 5,143,179
PepsiCo, Inc. 309,889 33,824,384
The Coca-Cola Company 836,502 36,329,282
94,545,454
Food and staples retailing – 1.6%
Costco Wholesale Corp. 95,654 18,024,083
CVS Health Corp. 221,061 13,752,205

1



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Food and staples retailing (continued)
Sysco Corp. 105,053 $ 6,298,978
The Kroger Company 192,687 4,612,927
Walgreens Boots Alliance, Inc. 185,599 12,151,167
Walmart, Inc. 316,193 28,131,691
82,971,051
Food products – 1.1%
Archer-Daniels-Midland Company 121,939 5,288,494
Campbell Soup Company (A) 41,799 1,810,315
Conagra Brands, Inc. 87,409 3,223,644
General Mills, Inc. 123,549 5,567,118
Hormel Foods Corp. (A) 58,198 1,997,355
Kellogg Company 54,548 3,546,165
McCormick & Company, Inc. 26,267 2,794,546
Mondelez International, Inc., Class A 323,749 13,510,046
The Hershey Company 30,493 3,017,587
The J.M. Smucker Company 24,623 3,053,498
The Kraft Heinz Company 130,008 8,098,198
Tyson Foods, Inc., Class A 64,695 4,735,027
56,641,993
Household products – 1.4%
Church & Dwight Company, Inc. 53,108 2,674,519
Colgate-Palmolive Company 190,821 13,678,049
Kimberly-Clark Corp. 76,504 8,425,386
The Clorox Company 28,128 3,744,118
The Procter & Gamble Company 549,131 43,535,106
72,057,178
Personal products – 0.2%
Coty, Inc., Class A 103,892 1,901,224
The Estee Lauder Companies, Inc.,
       Class A 48,935 7,326,548
9,227,772
Tobacco – 1.2%
Altria Group, Inc. 413,969 25,798,548
Philip Morris International, Inc. 338,336 33,630,598
59,429,146
374,872,594
Energy – 5.6%
Energy equipment and services – 0.8%
Baker Hughes, a GE Company 92,249 2,561,755
Halliburton Company 189,652 8,902,265
Helmerich & Payne, Inc. 24,105 1,604,429
National Oilwell Varco, Inc. 82,723 3,045,034
Schlumberger, Ltd. 301,158 19,509,015
TechnipFMC PLC 95,307 2,806,791
38,429,289
Oil, gas and consumable fuels – 4.8%
Anadarko Petroleum Corp. 118,995 7,188,488
Andeavor 30,780 3,095,237
Apache Corp. 82,780 3,185,374
Cabot Oil & Gas Corp. 101,001 2,422,004
Chevron Corp. 416,099 47,451,930
Cimarex Energy Company 20,916 1,955,646
Concho Resources, Inc. (B) 32,496 4,885,124
ConocoPhillips 255,868 15,170,414
Devon Energy Corp. 114,331 3,634,582
EOG Resources, Inc. 126,223 13,287,495
EQT Corp. 53,251 2,529,955
Exxon Mobil Corp. 922,982 68,863,687
Hess Corp. 58,628 2,967,749
Kinder Morgan, Inc. 413,374 6,225,412
Marathon Oil Corp. 186,233 3,003,938
Marathon Petroleum Corp. 103,321 7,553,798
Newfield Exploration Company (B) 42,501 1,037,874
Noble Energy, Inc. 107,282 3,250,645
Occidental Petroleum Corp. 166,581 10,821,102
ONEOK, Inc. 89,449 5,091,437
Phillips 66 91,452 8,772,076
Pioneer Natural Resources Company 37,195 6,389,357
Range Resources Corp. 48,898 710,977
The Williams Companies, Inc. 180,874 4,496,528
Valero Energy Corp. 94,341 8,752,015
242,742,844
281,172,133
Financials – 14.3%
Banks – 6.3%
Bank of America Corp. 2,084,057 62,500,869
BB&T Corp. 169,389 8,815,004
Citigroup, Inc. 559,869 37,791,158
Citizens Financial Group, Inc. 105,974 4,448,789
Comerica, Inc. 37,742 3,620,590
Fifth Third Bancorp 151,233 4,801,648
Huntington Bancshares, Inc. 240,271 3,628,092
JPMorgan Chase & Co. 747,572 82,210,493
KeyCorp 231,131 4,518,611
M&T Bank Corp. 32,638 6,017,142
People’s United Financial, Inc. 74,758 1,394,984
Regions Financial Corp. 244,639 4,545,393
SunTrust Banks, Inc. 102,037 6,942,597
SVB Financial Group (B) 11,520 2,764,915
The PNC Financial Services Group, Inc. 102,726 15,536,280
U.S. Bancorp 341,883 17,265,092
Wells Fargo & Company 956,290 50,119,159
Zions Bancorporation 42,888 2,261,484
319,182,300
Capital markets – 3.1%
Affiliated Managers Group, Inc. 11,756 2,228,702
Ameriprise Financial, Inc. 31,857 4,712,925
BlackRock, Inc. 26,958 14,603,688
Cboe Global Markets, Inc. 24,470 2,792,027
CME Group, Inc. 74,013 11,970,863
E*TRADE Financial Corp. (B) 57,999 3,213,725
Franklin Resources, Inc. 71,306 2,472,892
Intercontinental Exchange, Inc. 126,859 9,199,815
Invesco, Ltd. 88,414 2,830,132
Moody’s Corp. 36,234 5,844,544
Morgan Stanley 300,571 16,218,811
Nasdaq, Inc. 25,304 2,181,711
Northern Trust Corp. 46,327 4,777,704
Raymond James Financial, Inc. 28,333 2,533,254
S&P Global, Inc. 55,314 10,568,293
State Street Corp. 80,059 7,984,284
T. Rowe Price Group, Inc. 53,282 5,752,858
The Bank of New York Mellon Corp. 219,992 11,336,188
The Charles Schwab Corp. 261,051 13,632,083
The Goldman Sachs Group, Inc. 76,964 19,384,153
154,238,652
Consumer finance – 0.7%
American Express Company 157,210 14,664,549
Capital One Financial Corp. 105,966 10,153,662
Discover Financial Services 77,295 5,559,829
Navient Corp. 58,650 769,488
Synchrony Financial 155,685 5,220,118
36,367,646
Diversified financial services – 1.7%
Berkshire Hathaway, Inc., Class B (B) 419,226 83,627,202

2



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Diversified financial services (continued)
Leucadia National Corp. 67,596 $ 1,536,457
85,163,659
Insurance – 2.5%
Aflac, Inc. 169,748 7,428,172
American International Group, Inc. 195,807 10,655,817
Aon PLC 53,645 7,528,003
Arthur J. Gallagher & Company 39,887 2,741,434
Assurant, Inc. 11,281 1,031,196
Brighthouse Financial, Inc. (B) 20,492 1,053,289
Chubb, Ltd. 101,239 13,846,458
Cincinnati Financial Corp. 32,349 2,402,237
Everest Re Group, Ltd. 8,911 2,288,523
Lincoln National Corp. 47,324 3,457,491
Loews Corp. 58,906 2,929,395
Marsh & McLennan Companies, Inc. 110,474 9,124,048
MetLife, Inc. 225,873 10,365,312
Principal Financial Group, Inc. 58,426 3,558,728
Prudential Financial, Inc. 92,122 9,539,233
The Allstate Corp. 77,212 7,319,698
The Hartford Financial Services
       Group, Inc. 77,627 3,999,343
The Progressive Corp. 127,110 7,744,812
The Travelers Companies, Inc. 59,088 8,204,960
Torchmark Corp. 23,251 1,957,037
Unum Group 48,662 2,316,798
Willis Towers Watson PLC 28,726 4,371,810
XL Group, Ltd. 55,610 3,073,009
126,936,803
721,889,060
Health care – 13.3%
Biotechnology – 2.6%
AbbVie, Inc. 347,233 32,865,603
Alexion Pharmaceuticals, Inc. (B) 48,377 5,392,100
Amgen, Inc. 145,617 24,824,786
Biogen, Inc. (B) 46,159 12,639,257
Celgene Corp. (B) 163,853 14,617,326
Gilead Sciences, Inc. 285,354 21,512,838
Incyte Corp. (B) 38,098 3,174,706
Regeneron Pharmaceuticals, Inc. (B) 16,782 5,779,050
Vertex Pharmaceuticals, Inc. (B) 55,308 9,014,098
129,819,764
Health care equipment and supplies – 2.8%
Abbott Laboratories 379,324 22,729,094
Align Technology, Inc. (B) 15,642 3,928,175
Baxter International, Inc. 107,918 7,018,987
Becton, Dickinson and Company 57,996 12,567,733
Boston Scientific Corp. (B) 298,948 8,167,259
Danaher Corp. 133,730 13,093,504
DENTSPLY SIRONA, Inc. 49,787 2,504,784
Edwards Lifesciences Corp. (B) 45,922 6,407,037
Hologic, Inc. (B) 59,882 2,237,192
IDEXX Laboratories, Inc. (B) 19,091 3,653,826
Intuitive Surgical, Inc. (B) 24,495 10,112,271
Medtronic PLC 295,221 23,682,629
ResMed, Inc. 31,385 3,090,481
Stryker Corp. 70,052 11,272,768
The Cooper Companies, Inc. 10,764 2,462,911
Varian Medical Systems, Inc. (B) 19,919 2,443,065
Zimmer Biomet Holdings, Inc. 44,090 4,807,574
140,179,290
Health care providers and services – 2.6%
Aetna, Inc. 71,221 12,036,349
AmerisourceBergen Corp. 35,144 3,029,764
Anthem, Inc. 55,617 12,219,055
Cardinal Health, Inc. 68,451 4,290,509
Centene Corp. (B) 37,928 4,053,365
Cigna Corp. 52,903 8,873,949
DaVita, Inc. (B) 31,749 2,093,529
Envision Healthcare Corp. (B) 26,221 1,007,673
Express Scripts Holding Company (B) 123,215 8,511,692
HCA Healthcare, Inc. 60,981 5,915,157
Henry Schein, Inc. (B) 33,500 2,251,535
Humana, Inc. 29,992 8,062,749
Laboratory Corp. of America
       Holdings (B) 22,219 3,593,923
McKesson Corp. 44,955 6,332,811
Quest Diagnostics, Inc. 29,535 2,962,361
UnitedHealth Group, Inc. 210,722 45,094,508
Universal Health Services, Inc., Class B 18,901 2,238,067
132,566,996
Health care technology – 0.1%
Cerner Corp. (B) 68,995 4,001,710
Life sciences tools and services – 0.8%
Agilent Technologies, Inc. 69,987 4,682,130
Illumina, Inc. (B) 32,021 7,570,405
IQVIA Holdings, Inc. (B) 31,672 3,107,340
Mettler-Toledo International, Inc. (B) 5,584 3,210,968
PerkinElmer, Inc. 24,350 1,843,782
Thermo Fisher Scientific, Inc. 87,514 18,068,140
Waters Corp. (B) 17,136 3,404,066
41,886,831
Pharmaceuticals – 4.4%
Allergan PLC 71,966 12,111,158
Bristol-Myers Squibb Company 355,466 22,483,225
Eli Lilly & Company 210,017 16,249,015
Johnson & Johnson 584,566 74,912,133
Merck & Company, Inc. 587,379 31,994,534
Mylan NV (B) 112,155 4,617,421
Nektar Therapeutics (B) 35,056 3,725,051
Perrigo Company PLC 28,781 2,398,609
Pfizer, Inc. 1,296,190 46,001,783
Zoetis, Inc. 105,865 8,840,786
223,333,715
671,788,306
Industrials – 9.9%
Aerospace and defense – 2.8%
Arconic, Inc. 92,129 2,122,652
General Dynamics Corp. 60,151 13,287,356
Harris Corp. 25,987 4,191,183
Huntington Ingalls Industries, Inc. 9,869 2,543,833
L3 Technologies, Inc. 16,946 3,524,768
Lockheed Martin Corp. 54,170 18,305,668
Northrop Grumman Corp. 37,848 13,213,494
Raytheon Company 62,819 13,557,597
Rockwell Collins, Inc. 35,710 4,815,494
Textron, Inc. 57,370 3,383,109
The Boeing Company 120,494 39,507,573
TransDigm Group, Inc. 10,606 3,255,406
United Technologies Corp. 162,040 20,387,873
142,096,006
Air freight and logistics – 0.7%
C.H. Robinson Worldwide, Inc. 30,556 2,863,403
Expeditors International of
       Washington, Inc. 38,850 2,459,205
FedEx Corp. 53,637 12,878,780

3



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Air freight and logistics (continued)
United Parcel Service, Inc., Class B 149,932 $ 15,691,883
33,893,271
Airlines – 0.5%
Alaska Air Group, Inc. 26,596 1,647,888
American Airlines Group, Inc. 91,755 4,767,590
Delta Air Lines, Inc. 141,703 7,766,741
Southwest Airlines Company 117,801 6,747,641
United Continental Holdings, Inc. (B) 52,745 3,664,195
24,594,055
Building products – 0.3%
Allegion PLC 20,666 1,762,603
AO Smith Corp. 31,776 2,020,636
Fortune Brands Home & Security, Inc. 33,277 1,959,683
Johnson Controls International PLC 202,144 7,123,555
Masco Corp. 68,278 2,761,162
15,627,639
Commercial services and supplies – 0.3%
Cintas Corp. 18,834 3,212,704
Republic Services, Inc. 48,795 3,231,693
Stericycle, Inc. (B) 18,287 1,070,338
Waste Management, Inc. 86,859 7,306,579
14,821,314
Construction and engineering – 0.1%
Fluor Corp. 30,918 1,769,128
Jacobs Engineering Group, Inc. 26,054 1,541,094
Quanta Services, Inc. (B) 33,964 1,166,663
4,476,885
Electrical equipment – 0.5%
Acuity Brands, Inc. (A) 9,121 1,269,552
AMETEK, Inc. 50,584 3,842,866
Eaton Corp. PLC 95,595 7,638,996
Emerson Electric Company 138,297 9,445,685
Rockwell Automation, Inc. 27,959 4,870,458
27,067,557
Industrial conglomerates – 1.7%
3M Company 129,754 28,483,598
General Electric Company 1,891,462 25,496,908
Honeywell International, Inc. 163,799 23,670,593
Roper Technologies, Inc. 22,327 6,266,966
83,918,065
Machinery – 1.6%
Caterpillar, Inc. 130,187 19,186,960
Cummins, Inc. 33,854 5,487,395
Deere & Company 70,532 10,955,030
Dover Corp. 33,536 3,293,906
Flowserve Corp. 28,151 1,219,783
Fortive Corp. 66,955 5,190,352
Illinois Tool Works, Inc. 66,824 10,468,648
Ingersoll-Rand PLC 54,205 4,635,070
PACCAR, Inc. 76,336 5,051,153
Parker-Hannifin Corp. 29,039 4,966,540
Pentair PLC 35,788 2,438,236
Snap-on, Inc. 12,185 1,797,775
Stanley Black & Decker, Inc. 33,514 5,134,345
Xylem, Inc. 39,368 3,028,187
82,853,380
Professional services – 0.3%
Equifax, Inc. 26,147 3,080,378
IHS Markit, Ltd. (B) 78,726 3,797,742
Nielsen Holdings PLC 72,410 2,301,914
Robert Half International, Inc. 26,897 1,557,067
Verisk Analytics, Inc. (B) 34,071 3,543,384
14,280,485
Road and rail – 0.9%
CSX Corp. 193,289 10,768,130
J.B. Hunt Transport Services, Inc. 18,463 2,162,940
Kansas City Southern 22,318 2,451,632
Norfolk Southern Corp. 61,750 8,384,415
Union Pacific Corp. 171,621 23,071,011
46,838,128
Trading companies and distributors – 0.2%
Fastenal Company 62,332 3,402,704
United Rentals, Inc. (B) 18,473 3,190,841
W.W. Grainger, Inc. 11,127 3,140,818
9,734,363
500,201,148
Information technology – 24.1%
Communications equipment – 1.0%
Cisco Systems, Inc. 1,049,343 45,006,321
F5 Networks, Inc. (B) 13,582 1,964,093
Juniper Networks, Inc. 74,890 1,822,074
Motorola Solutions, Inc. 35,269 3,713,826
52,506,314
Electronic equipment, instruments and components – 0.4%
Amphenol Corp., Class A 66,521 5,729,454
Corning, Inc. 188,963 5,268,288
FLIR Systems, Inc. 30,578 1,529,206
IPG Photonics Corp. (B) 8,238 1,922,584
TE Connectivity, Ltd. 76,636 7,655,936
22,105,468
Internet software and services – 4.6%
Akamai Technologies, Inc. (B) 37,208 2,641,024
Alphabet, Inc., Class A (B) 65,022 67,436,917
Alphabet, Inc., Class C (B) 66,296 68,403,550
eBay, Inc. (B) 205,039 8,250,769
Facebook, Inc., Class A (B) 521,889 83,392,643
VeriSign, Inc. (A)(B) 18,194 2,157,081
232,281,984
IT services – 4.2%
Accenture PLC, Class A 134,366 20,625,181
Alliance Data Systems Corp. 10,461 2,226,728
Automatic Data Processing, Inc. 96,749 10,979,077
Cognizant Technology Solutions Corp.,
       Class A 127,841 10,291,201
CSRA, Inc. 35,474 1,462,593
DXC Technology Company 62,413 6,274,379
Fidelity National Information
       Services, Inc. 72,172 6,950,164
Fiserv, Inc. (B) 89,758 6,400,643
Gartner, Inc. (B) 19,620 2,307,704
Global Payments, Inc. 34,616 3,860,376
IBM Corp. 186,627 28,634,181
Mastercard, Inc., Class A 201,090 35,222,924
Paychex, Inc. 69,427 4,276,009
PayPal Holdings, Inc. (B) 245,666 18,638,679
The Western Union Company 99,865 1,920,404
Total System Services, Inc. 36,035 3,108,379
Visa, Inc., Class A 392,674 46,971,664
210,150,286
Semiconductors and semiconductor equipment – 4.1%    
Advanced Micro Devices, Inc. (A)(B) 179,372 1,802,689
Analog Devices, Inc. 80,767 7,360,297
Applied Materials, Inc. 228,854 12,726,571

4



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Semiconductors and semiconductor equipment (continued)  
Broadcom, Ltd. 89,408 $ 21,068,997
Intel Corp. 1,019,391 53,089,883
KLA-Tencor Corp. 34,166 3,724,436
Lam Research Corp. 35,491 7,210,352
Microchip Technology, Inc. 51,040 4,663,014
Micron Technology, Inc. (B) 251,853 13,131,615
NVIDIA Corp. 131,742 30,510,130
Qorvo, Inc. (B) 27,543 1,940,404
QUALCOMM, Inc. 322,473 17,868,229
Skyworks Solutions, Inc. 39,733 3,983,631
Texas Instruments, Inc. 214,099 22,242,745
Versum Materials, Inc. 799 30,066
Xilinx, Inc. 55,501 4,009,392
205,362,451
Software – 5.6%
Activision Blizzard, Inc. 165,256 11,148,170
Adobe Systems, Inc. (B) 106,989 23,118,183
ANSYS, Inc. (B) 18,234 2,857,085
Autodesk, Inc. (B) 47,996 6,027,338
CA, Inc. 67,849 2,300,081
Cadence Design Systems, Inc. (B) 62,102 2,283,491
Citrix Systems, Inc. (B) 28,190 2,616,032
Electronic Arts, Inc. (B) 66,877 8,108,167
Intuit, Inc. 52,923 9,174,202
Microsoft Corp. 1,677,007 153,060,429
Oracle Corp. 658,274 30,116,036
Red Hat, Inc. (B) 38,631 5,775,721
salesforce.com, Inc. (B) 149,618 17,400,573
Symantec Corp. 135,013 3,490,086
Synopsys, Inc. (B) 32,285 2,687,403
Take-Two Interactive Software, Inc. (B) 24,923 2,436,971
282,599,968
Technology hardware, storage and peripherals – 4.2%
Apple, Inc. 1,105,213 185,432,637
Hewlett Packard Enterprise Company 341,311 5,986,595
HP, Inc. 356,652 7,817,812
NetApp, Inc. 58,279 3,595,232
Seagate Technology PLC 62,466 3,655,510
Western Digital Corp. 65,026 5,999,949
Xerox Corp. 45,889 1,320,685
213,808,420
1,218,814,891
Materials – 2.8%
Chemicals – 2.0%
AdvanSix, Inc. (B) 223 7,756
Air Products & Chemicals, Inc. 47,681 7,582,709
Albemarle Corp. 24,229 2,246,997
CF Industries Holdings, Inc. 50,239 1,895,517
DowDuPont, Inc. 509,723 32,474,452
Eastman Chemical Company 31,119 3,285,544
Ecolab, Inc. 56,616 7,760,355
FMC Corp. 29,403 2,251,388
International Flavors & Fragrances, Inc. 17,125 2,344,584
LyondellBasell Industries NV, Class A 70,327 7,432,157
Monsanto Company 96,053 11,208,425
PPG Industries, Inc. 55,237 6,164,449
Praxair, Inc. 62,670 9,043,281
The Mosaic Company 77,383 1,878,859
The Sherwin-Williams Company 18,056 7,080,119
102,656,592
Construction materials – 0.1%
Martin Marietta Materials, Inc. 13,734 2,847,058
Vulcan Materials Company 28,964 3,306,820
6,153,878
Containers and packaging – 0.4%
Avery Dennison Corp. 19,189 2,038,831
Ball Corp. 76,553 3,039,920
International Paper Company 89,599 4,787,275
Packaging Corp. of America 20,436 2,303,137
Sealed Air Corp. 36,493 1,561,535
WestRock Company 55,795 3,580,365
17,311,063
Metals and mining – 0.3%
Freeport-McMoRan, Inc. (B) 292,879 5,145,884
Newmont Mining Corp. 115,857 4,526,533
Nucor Corp. 69,478 4,244,411
13,916,828
140,038,361
Real estate – 2.7%
Equity real estate investment trusts – 2.6%
Alexandria Real Estate Equities, Inc. 22,059 2,754,949
American Tower Corp. 96,026 13,956,419
Apartment Investment & Management
       Company, Class A 33,820 1,378,165
AvalonBay Communities, Inc. 30,192 4,965,376
Boston Properties, Inc. 33,531 4,131,690
Crown Castle International Corp. 90,323 9,900,304
Digital Realty Trust, Inc. 44,824 4,723,553
Duke Realty Corp. 77,256 2,045,739
Equinix, Inc. 17,261 7,217,515
Equity Residential 80,505 4,960,718
Essex Property Trust, Inc. 14,305 3,442,927
Extra Space Storage, Inc. 27,718 2,421,444
Federal Realty Investment Trust 15,840 1,839,182
GGP, Inc. 138,192 2,827,408
HCP, Inc. 102,164 2,373,270
Host Hotels & Resorts, Inc. 159,388 2,970,992
Iron Mountain, Inc. 61,359 2,016,257
Kimco Realty Corp. 94,248 1,357,171
Mid-America Apartment
       Communities, Inc. 24,493 2,234,741
Prologis, Inc. 115,764 7,291,974
Public Storage 32,698 6,552,352
Realty Income Corp. 62,362 3,225,986
Regency Centers Corp. 32,056 1,890,663
SBA Communications Corp. (B) 25,260 4,317,439
Simon Property Group, Inc. 69,780 10,770,543
SL Green Realty Corp. 19,711 1,908,616
The Macerich Company 23,680 1,326,554
UDR, Inc. 59,001 2,101,616
Ventas, Inc. 78,099 3,868,243
Vornado Realty Trust 37,585 2,529,471
Welltower, Inc. 80,791 4,397,454
Weyerhaeuser Company 164,419 5,754,665
133,453,396
Real estate management and development – 0.1%
CBRE Group, Inc., Class A (B) 65,782 3,106,226
136,559,622
Telecommunication services – 1.8%
Diversified telecommunication services – 1.8%
AT&T, Inc. 1,337,498 47,681,804
CenturyLink, Inc. 213,170 3,502,383
Verizon Communications, Inc. 899,145 42,997,114
94,181,301

5



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Utilities – 2.8%
Electric utilities – 1.7%
Alliant Energy Corp. 50,197 $ 2,051,049
American Electric Power Company, Inc. 107,482 7,372,190
Duke Energy Corp. 152,338 11,801,625
Edison International 70,884 4,512,475
Entergy Corp. 39,182 3,086,758
Eversource Energy 69,182 4,076,203
Exelon Corp. 210,666 8,218,081
FirstEnergy Corp. 97,071 3,301,385
NextEra Energy, Inc. 102,578 16,754,065
PG&E Corp. 112,312 4,933,866
Pinnacle West Capital Corp. 24,584 1,961,803
PPL Corp. 151,200 4,277,448
The Southern Company 219,589 9,806,845
Xcel Energy, Inc. 110,605 5,030,315
87,184,108
Independent power and renewable electricity producers – 0.1%    
AES Corp. 141,963 1,614,119
NRG Energy, Inc. 65,193 1,990,342
3,604,461
Multi-utilities – 0.9%
Ameren Corp. 53,166 3,010,791
CenterPoint Energy, Inc. 93,011 2,548,501
CMS Energy Corp. 61,218 2,772,563
Consolidated Edison, Inc. 67,821 5,285,969
Dominion Energy, Inc. 141,895 9,567,980
DTE Energy Company 39,171 4,089,452
NiSource, Inc. 73,310 1,752,842
Public Service Enterprise Group, Inc. 110,164 5,534,639
SCANA Corp. 30,840 1,158,042
Sempra Energy 55,630 6,187,169
WEC Energy Group, Inc. 68,844 4,316,519
46,224,467
Water utilities – 0.1%
American Water Works Company, Inc. 38,763 3,183,605
140,196,641
TOTAL COMMON STOCKS (Cost $2,502,907,141)     $ 4,900,477,220
     
SECURITIES LENDING COLLATERAL – 0.4%    
John Hancock Collateral Trust,
       1.8276% (C)(D) 1,773,409 17,737,286
TOTAL SECURITIES LENDING COLLATERAL
(Cost $17,739,739) $ 17,737,286
             
SHORT-TERM INVESTMENTS – 2.8%  
U.S. Government Agency – 2.5%
Federal Home Loan Bank Discount Note
       1.480%, 04/09/2018 * $ 10,000,000 $ 9,996,770
       1.520%, 04/02/2018 * 10,000,000 10,000,000
       1.525%, 04/03/2018 * 30,000,000 29,998,620
       1.535%, 04/10/2018 * 50,000,000 49,981,550
       1.540%, 04/06/2018 * 10,000,000 9,998,160
       1.690%, 05/01/2018 * 20,000,000 19,972,620
129,947,720
Repurchase agreement – 0.3%
Repurchase Agreement with State Street
       Corp. dated 3-29-18 at 0.740% to be
       repurchased at $13,901,143 on 4-2-18,
       collateralized by $14,815,000
       U.S. Treasury Notes, 2.000% due
       2-15-25 (valued at $14,180,666,
       including interest) 13,900,000 13,900,000
TOTAL SHORT-TERM INVESTMENTS (Cost $143,844,254)     $ 143,847,720
Total Investments (500 Index Trust)
       (Cost $2,664,491,134) – 100.2% $ 5,062,062,226
Other assets and liabilities, net – (0.2%) (11,907,218 )
TOTAL NET ASSETS – 100.0% $ 5,050,155,008

Security Abbreviations and Legend

(A) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $17,361,848.
(B)         Non-income producing security.
(C) The rate shown is the annualized seven-day yield as of 3-31-18.
(D) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.
* 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.

DERIVATIVES

FUTURES

Unrealized
Number of Expiration Notional Notional appreciation
Open contracts       contracts       Position       date       basis*       value*       (depreciation)
S&P 500 Index E-Mini Futures 1,206 Long Jun 2018  $ 165,357,753  $ 159,372,900     $ (5,984,853 )
$ (5,984,853 )

* Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

See Notes to Portfolio of Investments regarding investment transactions and other derivatives information.

6



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Active Bond Trust

Shares or
Principal
      Amount       Value
U.S. GOVERNMENT AND AGENCY
OBLIGATIONS – 31.4%
U.S. Government – 9.6%
U.S. Treasury Bonds
       2.500%, 02/15/2045 $ 4,501,000 $ 4,100,888
       2.750%, 11/15/2042 to 11/15/2047 19,363,000 18,551,341
       3.000%, 02/15/2047 15,642,000 15,691,292
U.S. Treasury Inflation Protected
       Securities
       0.375%, 07/15/2025 1,311,525 1,293,853
U.S. Treasury Notes
       2.000%, 07/31/2022 to 02/15/2025 3,700,000 3,586,820
       2.375%, 12/31/2020 to 05/15/2027 8,500,000 8,316,467
       2.750%, 02/15/2028 17,665,000 17,660,677
69,201,338
U.S. Government Agency – 21.8%
Federal Home Loan Mortgage Corp.
       3.000%, 03/01/2043 to 04/01/2047 7,496,851 7,347,430
       3.500%, 10/01/2046 to 11/01/2047 17,395,333 17,528,802
       4.000%, 01/01/2041 to 02/01/2044 2,545,530 2,643,058
       4.500%, 09/01/2023 to 10/01/2041 3,224,759 3,403,822
       5.000%, 03/01/2041 231,993 250,501
Federal National Mortgage Association
       3.000%, TBA (A) 27,250,000 26,585,035
       3.000%, 07/01/2027 to 10/01/2047 7,108,290 6,987,483
       3.371%, (12 month LIBOR +
              1.596%), 08/01/2034 (B) 648,112 673,066
       3.500%, TBA (A) 22,145,000 22,196,124
       3.500%, 02/01/2026 to 11/01/2047 14,553,327 14,708,230
       3.747%, (6 month LIBOR + 2.122%),
              07/01/2033 (B) 21,347 22,297
       4.000%, TBA (A) 14,000,000 14,365,341
       4.000%, 10/01/2025 to 07/01/2046 15,598,616 16,092,980
       4.500%, 08/01/2040 to 08/01/2041 7,463,781 7,887,287
       5.000%, 05/01/2018 to 04/01/2041 4,482,599 4,838,751
       5.500%, 09/01/2034 to 11/01/2039 4,073,187 4,460,833
       6.000%, 05/01/2035 to 02/01/2036 2,568,085 2,864,491
       6.500%, 01/01/2039 612,606 690,727
       7.000%, 09/01/2031 to 06/01/2032 168,701 194,625
       7.500%, 09/01/2029 to 08/01/2031 39,624 45,570
Government National
       Mortgage Association
       4.000%, 02/15/2041 2,586,150 2,682,934
       5.000%, 04/15/2035 338,254 363,621
       5.500%, 03/15/2035 317,390 348,240
       6.000%, 03/15/2033 to 06/15/2033 215,081 241,408
       6.500%, 09/15/2028 to 08/15/2031 55,843 62,915
       7.000%, 04/15/2029 45,674 52,101
       8.000%, 10/15/2026 21,951 25,083
157,562,755
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS    
(Cost $225,721,573) $ 226,764,093
 
FOREIGN GOVERNMENT OBLIGATIONS – 0.8%    
Argentina – 0.2%
Provincia de Buenos Aires
       7.875%, 06/15/2027 (C) $ 260,000 269,750
Republic of Argentina
       5.875%, 01/11/2028 (D) 361,000 339,521
       6.875%, 01/26/2027 110,000 112,145
       7.500%, 04/22/2026 (D) 300,000 320,400
       8.280%, 12/31/2033 140,204 153,523
Republic of Argentina, GDP-Linked Note
       5.104%, 12/15/2035 (E)* ARS 19,532,033 80,522
1,275,861
Brazil – 0.1%
Federative Republic of Brazil
       10.000%, 01/01/2023 BRL 2,785,000 $ 901,380
Egypt – 0.1%
Arab Republic of Egypt
       5.577%, 02/21/2023 (C) $ 370,000 375,254
Germany – 0.2%
Federal Republic of Germany
       6.250%, 01/04/2030 EUR 725,000 1,468,152
Mexico – 0.1%
Government of Mexico
       8.000%, 12/07/2023 MXN 11,861,100 675,946
Panama – 0.1%
Republic of Panama
       8.875%, 09/30/2027 $ 344,000 475,580
       9.375%, 04/01/2029 130,000 189,475
665,055
United Kingdom – 0.0%
Government of United Kingdom
       6.000%, 12/07/2028 GBP 85,000 173,176
TOTAL FOREIGN GOVERNMENT OBLIGATIONS  
(Cost $5,196,037) $ 5,534,824
 
CORPORATE BONDS – 41.3%
Consumer discretionary – 4.6%
21st Century Fox America, Inc.
       6.650%, 11/15/2037 $ 500,000 651,023
       6.750%, 01/09/2038 108,000 141,177
       7.750%, 12/01/2045 491,000 737,002
Advance Auto Parts, Inc.
       4.500%, 12/01/2023 650,000 672,540
Altice Financing SA
       6.625%, 02/15/2023 (C) 275,000 272,250
Amazon.com, Inc.
       3.150%, 08/22/2027 (C) 785,000 756,871
       4.050%, 08/22/2047 (C) 780,000 774,273
AMC Entertainment Holdings, Inc.
       6.125%, 05/15/2027 (D) 435,000 427,388
AutoZone, Inc.
       3.125%, 04/21/2026 535,000 508,414
Booking Holdings, Inc.
       2.750%, 03/15/2023 380,000 366,579
Brinker International, Inc.
       3.875%, 05/15/2023 740,000 706,700
Cablevision Systems Corp.
       5.875%, 09/15/2022 (D) 280,000 277,816
CBS Corp.
       3.375%, 03/01/2022 175,000 174,195
       3.700%, 08/15/2024 280,000 278,135
CCM Merger, Inc.
       6.000%, 03/15/2022 (C) 260,000 262,600
Cengage Learning, Inc.
       9.500%, 06/15/2024 (C)(D) 350,000 268,625
Charter Communications Operating LLC
       4.200%, 03/15/2028 782,000 748,030
       6.484%, 10/23/2045 735,000 805,610
Clear Channel Worldwide Holdings, Inc.
       6.500%, 11/15/2022 329,000 334,758
Comcast Corp.
       3.969%, 11/01/2047 633,000 599,056
       3.999%, 11/01/2049 761,000 712,278
Daimler Finance North America LLC
       2.200%, 05/05/2020 (C) 280,000 274,754
Eldorado Resorts, Inc.
       7.000%, 08/01/2023 95,000 100,510

7



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

Shares or
Principal
Amount Value
CORPORATE BONDS (continued)      
Consumer discretionary (continued)
Expedia Group, Inc.
       3.800%, 02/15/2028 $ 778,000 $ 722,561
       5.000%, 02/15/2026 760,000 783,716
Ford Motor Company
       4.750%, 01/15/2043 215,000 195,760
Ford Motor Credit Company LLC
       3.336%, 03/18/2021 350,000 347,806
       5.875%, 08/02/2021 689,000 735,056
General Motors Company
       4.875%, 10/02/2023 596,000 621,716
General Motors Financial Company, Inc.
       4.000%, 01/15/2025 570,000 561,690
       4.300%, 07/13/2025 539,000 539,483
GLP Capital LP
       5.375%, 04/15/2026 285,000 289,275
Grain Spectrum Funding II LLC
       3.290%, 10/10/2019 (C) 466,115 466,842
Hilton Grand Vacations Borrower LLC
       6.125%, 12/01/2024 110,000 116,875
Historic TW, Inc.
       7.570%, 02/01/2024 716,000 848,849
Hyatt Hotels Corp.
       3.375%, 07/15/2023 660,000 653,641
International Game Technology PLC
       6.500%, 02/15/2025 (C) 245,000 262,456
Jacobs Entertainment, Inc.
       7.875%, 02/01/2024 (C) 168,000 178,080
L Brands, Inc.
       6.625%, 04/01/2021 331,000 351,688
       6.875%, 11/01/2035 179,000 173,630
Laureate Education, Inc.
       8.250%, 05/01/2025 (C) 169,000 181,253
Lear Corp.
       5.250%, 01/15/2025 352,000 371,878
Macy’s Retail Holdings, Inc.
       3.625%, 06/01/2024 (D) 531,000 510,506
Marriott International, Inc.
       3.125%, 06/15/2026 500,000 473,595
McGraw-Hill Global Education
       Holdings LLC
       7.875%, 05/15/2024 (C)(D) 262,000 250,477
MDC Holdings, Inc.
       5.500%, 01/15/2024 670,000 680,050
MDC Partners, Inc.
       6.500%, 05/01/2024 (C) 357,000 347,183
Meredith Corp.
       6.875%, 02/01/2026 (C) 449,000 460,786
Midcontinent Communications
       6.875%, 08/15/2023 (C) 215,000 226,019
Myriad International Holdings BV
       5.500%, 07/21/2025 (C) 365,000 387,013
National CineMedia LLC
       6.000%, 04/15/2022 146,000 147,460
Nemak SAB de CV
       4.750%, 01/23/2025 (C) 260,000 258,076
Netflix, Inc.
       4.875%, 04/15/2028 (C) 390,000 375,024
QVC, Inc.
       4.375%, 03/15/2023 410,000 410,209
       5.125%, 07/02/2022 250,000 257,782
       5.450%, 08/15/2034 245,000 235,831
Scripps Networks Interactive, Inc.
       2.800%, 06/15/2020 600,000 592,199
Service Corp. International
       5.375%, 05/15/2024 300,000 311,715
Sinclair Television Group, Inc.
       5.625%, 08/01/2024 (C) 195,000 193,538
Sirius XM Radio, Inc.
       5.000%, 08/01/2027 (C) 671,000 630,740
       5.375%, 07/15/2026 (C) 350,000 345,625
Time Warner Cable LLC
       5.500%, 09/01/2041 450,000 446,442
Time Warner Entertainment Company LP
       8.375%, 07/15/2033 300,000 390,084
Time Warner, Inc.
       3.800%, 02/15/2027 372,000 359,427
       7.625%, 04/15/2031 451,000 584,516
Toll Brothers Finance Corp.
       4.000%, 12/31/2018 600,000 603,720
Viacom, Inc.
       4.375%, 03/15/2043 942,000 842,786
       5.850%, 09/01/2043 684,000 744,226
Viacom, Inc. (6.250% to 2-28-27, then 3
       month LIBOR + 3.899%)
       02/28/2057 (D) 350,000 355,250
Vista Outdoor, Inc.
       5.875%, 10/01/2023 (D) 361,000 336,633
Waterford Gaming LLC
       8.625%, 09/15/2014 (C)(F)(G) 341,969 0
WMG Acquisition Corp.
       4.875%, 11/01/2024 (C) 230,000 228,275
       5.500%, 04/15/2026 (C) 89,000 89,445
Wyndham Worldwide Corp.
       4.500%, 04/01/2027 700,000 694,868
Yum! Brands, Inc.
       5.350%, 11/01/2043 600,000 543,000
       6.875%, 11/15/2037 292,000 310,980
  32,876,319
Consumer staples – 1.8%
Alimentation Couche-Tard, Inc.
       2.700%, 07/26/2022 (C) 315,000 305,300
Anheuser-Busch InBev Finance, Inc.
       4.900%, 02/01/2046 1,020,000 1,098,198
Anheuser-Busch InBev Worldwide, Inc.
       4.439%, 10/06/2048 730,000 734,060
       4.600%, 04/15/2048 385,000 397,532
Bunge, Ltd. Finance Corp.
       3.250%, 08/15/2026 500,000 469,787
       8.500%, 06/15/2019 394,000 418,598
CVS Health Corp.
       3.350%, 03/09/2021 940,000 944,952
       5.050%, 03/25/2048 880,000 923,700
CVS Pass-Through Trust
       8.353%, 07/10/2031 (C) 1,051,019 1,291,826
Fomento Economico Mexicano SAB de CV
       4.375%, 05/10/2043 1,000,000 1,014,325
Kraft Heinz Foods Company
       4.875%, 02/15/2025 (C) 312,000 325,245
       5.200%, 07/15/2045 222,000 225,262
       6.125%, 08/23/2018 817,000 828,288
Kronos Acquisition Holdings, Inc.
       9.000%, 08/15/2023 (C) 295,000 280,250
Molson Coors Brewing Company
       3.000%, 07/15/2026 330,000 304,849
Mondelez International Holdings
       Netherlands BV
       1.625%, 10/28/2019 (C) 325,000 318,275
Natura Cosmeticos SA
       5.375%, 02/01/2023 (C) 475,000 475,475

8



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

Shares or
Principal
Amount Value
CORPORATE BONDS (continued)      
Consumer staples (continued)
Post Holdings, Inc.
       5.625%, 01/15/2028 (C) $ 85,000 $ 81,175
Revlon Consumer Products Corp.
       6.250%, 08/01/2024 515,000 317,369
Reynolds American, Inc.
       4.850%, 09/15/2023 1,000,000 1,055,125
Simmons Foods, Inc.
       5.750%, 11/01/2024 (C) 165,000 149,738
The Kroger Company
       7.000%, 05/01/2018 1,105,000 1,108,968
Vector Group, Ltd.
       6.125%, 02/01/2025 (C) 190,000 190,000
  13,258,297
Energy – 6.2%
Anadarko Petroleum Corp.
       4.500%, 07/15/2044 400,000 383,080
       5.550%, 03/15/2026 800,000 872,837
Andeavor Logistics LP
       4.250%, 12/01/2027 221,000 215,301
       5.250%, 01/15/2025 195,000 198,247
       6.375%, 05/01/2024 365,000 387,813
Antero Midstream Partners LP
       5.375%, 09/15/2024 380,000 382,850
Antero Resources Corp.
       5.125%, 12/01/2022 350,000 352,625
Apache Corp.
       5.100%, 09/01/2040 325,000 332,180
Boardwalk Pipelines LP
       3.375%, 02/01/2023 850,000 820,836
       4.450%, 07/15/2027 263,000 255,526
BP Capital Markets PLC
       2.750%, 05/10/2023 530,000 515,451
Buckeye Partners LP
       3.950%, 12/01/2026 500,000 471,751
Cameron International Corp.
       5.950%, 06/01/2041 1,178,000 1,412,746
Cenovus Energy, Inc.
       4.450%, 09/15/2042 445,000 396,524
Cheniere Corpus Christi Holdings LLC
       5.125%, 06/30/2027 275,000 272,938
       5.875%, 03/31/2025 220,000 230,175
Cimarex Energy Company
       4.375%, 06/01/2024 745,000 766,363
CNOOC Finance 2003, Ltd.
       5.500%, 05/21/2033 (C) 545,000 616,331
Colorado Interstate Gas Company LLC
       4.150%, 08/15/2026 (C) 247,000 241,533
Columbia Pipeline Group, Inc.
       4.500%, 06/01/2025 550,000 554,824
ConocoPhillips Company
       5.950%, 03/15/2046 575,000 740,740
Continental Resources, Inc.
       4.900%, 06/01/2044 400,000 383,000
       5.000%, 09/15/2022 746,000 756,258
CSI Compressco LP
       7.250%, 08/15/2022 385,000 361,900
       7.500%, 04/01/2025 (C) 180,000 181,800
DCP Midstream Operating LP
       2.700%, 04/01/2019 330,000 326,700
       9.750%, 03/15/2019 (C) 255,000 269,025
DCP Midstream Operating LP (5.850%
       to 5-21-23, then 3 month LIBOR +
       3.850%) 05/21/2043 (C) 355,000 335,475
Devon Energy Corp.
       5.000%, 06/15/2045 600,000 636,635
Devon Financing Company LLC
       7.875%, 09/30/2031 874,000 1,204,162
Enbridge Energy Partners LP
       4.375%, 10/15/2020 440,000 449,689
       7.500%, 04/15/2038 600,000 758,614
Enbridge Energy Partners LP (3 month
       LIBOR + 3.798%) 5.492%,
       10/01/2077 (B) 285,000 277,770
Enbridge, Inc. (5.500% to 7-15-27, then
       3 month LIBOR + 3.418%)
       07/15/2077 460,000 435,850
Enbridge, Inc. (6.250% to 3-1-28, then 3
       month LIBOR + 3.641%) 03/01/2078 349,000 345,211
Energen Corp.
       4.625%, 09/01/2021 500,000 491,250
Energy Transfer Equity LP
       5.875%, 01/15/2024 265,000 273,613
Energy Transfer Partners LP
       4.150%, 10/01/2020 1,000,000 1,013,758
       4.200%, 04/15/2027 (D) 181,000 174,622
       5.000%, 10/01/2022 145,000 150,697
       5.150%, 03/15/2045 405,000 369,545
       5.875%, 03/01/2022 45,000 48,012
       5.950%, 10/01/2043 300,000 300,946
       9.700%, 03/15/2019 135,000 143,179
EnLink Midstream Partners LP
       4.850%, 07/15/2026 432,000 436,209
EnLink Midstream Partners LP (6.000%
       to 12-15-22, then 3 month LIBOR +
       4.110%) 12/15/2022 (H) 290,000 270,425
Enterprise Products Operating LLC
       6.650%, 04/15/2018 750,000 750,844
       6.875%, 03/01/2033 471,000 592,557
Enterprise Products Operating LLC (3
       month LIBOR + 3.708%) 5.481%,
       08/01/2066 (B) 435,000 436,113
Enterprise Products Operating LLC
       (5.250% to 8-16-27, then 3 month
       LIBOR + 3.033%) 08/16/2077 705,000 685,613
Fortive Corp.
       3.150%, 06/15/2026 700,000 670,312
Gulfport Energy Corp.
       6.000%, 10/15/2024 356,000 337,755
Hess Corp.
       5.600%, 02/15/2041 400,000 407,991
       5.800%, 04/01/2047 658,000 690,571
Kinder Morgan Energy Partners LP
       5.000%, 10/01/2021 500,000 521,547
       7.300%, 08/15/2033 603,000 730,071
       7.750%, 03/15/2032 240,000 300,082
Lukoil International Finance BV
       3.416%, 04/24/2018 (C) 220,000 220,000
Marathon Oil Corp.
       6.800%, 03/15/2032 785,000 938,609
MPLX LP
       4.000%, 03/15/2028 420,000 413,838
Murphy Oil Corp.
       5.750%, 08/15/2025 222,000 218,670
National Oilwell Varco, Inc.
       2.600%, 12/01/2022 600,000 572,808
Newfield Exploration Company
       5.625%, 07/01/2024 690,000 727,950
       5.750%, 01/30/2022 400,000 418,000
Nexen Energy ULC
       6.400%, 05/15/2037 775,000 956,496

9



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

Shares or
Principal
Amount       Value
CORPORATE BONDS (continued)
Energy (continued)
Noble Energy, Inc.
       4.150%, 12/15/2021 $ 600,000 $ 613,008
Noble Holding International, Ltd.
       5.250%, 03/15/2042 500,000 310,000
NuStar Logistics LP
       5.625%, 04/28/2027 102,000 98,940
Occidental Petroleum Corp.
       3.400%, 04/15/2026 310,000 306,452
ONEOK Partners LP
       5.000%, 09/15/2023 220,000 231,975
       6.650%, 10/01/2036 835,000 1,005,036
Petrobras Global Finance BV
       5.625%, 05/20/2043 733,000 639,543
       7.375%, 01/17/2027 565,000 611,613
Petroleos Mexicanos
       4.875%, 01/24/2022 450,000 461,205
       5.375%, 03/13/2022 115,000 119,313
Plains All American Pipeline LP
       4.900%, 02/15/2045 750,000 688,591
Sabine Pass Liquefaction LLC
       4.200%, 03/15/2028 358,000 352,321
       5.000%, 03/15/2027 336,000 348,864
       5.750%, 05/15/2024 585,000 629,441
       5.875%, 06/30/2026 200,000 218,480
Sinopec Group Overseas Development
       2015, Ltd.
       3.250%, 04/28/2025 (C) 550,000 524,455
Sunoco Logistics Partners Operations LP
       3.450%, 01/15/2023 1,080,000 1,049,010
       3.900%, 07/15/2026 575,000 545,880
       4.400%, 04/01/2021 424,000 432,997
       5.400%, 10/01/2047 200,000 190,231
Tapstone Energy LLC
       9.750%, 06/01/2022 (C) 150,000 124,500
Teekay Offshore Partners LP
       6.000%, 07/30/2019 425,000 424,469
The Williams Companies, Inc.
       4.550%, 06/24/2024 620,000 624,321
       5.750%, 06/24/2044 330,000 348,975
USA Compression Partners LP
       6.875%, 04/01/2026 (C) 62,000 62,930
Williams Partners LP
       3.750%, 06/15/2027 375,000 358,273
       4.300%, 03/04/2024 700,000 709,292
WPX Energy, Inc.
       5.250%, 09/15/2024 135,000 132,975
       6.000%, 01/15/2022 258,000 265,095
YPF SA
       8.500%, 07/28/2025 (C)(D) 455,000 502,243
  44,335,271
Financials – 13.0%
Ally Financial, Inc.
       3.250%, 11/05/2018 290,000 290,363
       5.125%, 09/30/2024 680,000 694,450
American Express Company
       2.500%, 08/01/2022 575,000 554,467
American International Group, Inc.
       3.900%, 04/01/2026 830,000 820,988
American International Group, Inc.
       (6.250% to 3-15-37, then 3 month
       LIBOR + 2.056%) 03/15/2087 100,000 106,000
Ameriprise Financial, Inc.
       2.875%, 09/15/2026 500,000 472,439
Aquarius & Investments PLC (6.375% to
       9-1-19, then 5 Year U.S. Swap Rate +
       5.210%) 09/01/2024 420,000 431,506
Ares Capital Corp.
       3.625%, 01/19/2022 396,000 390,466
ASP AMC Merger Sub, Inc.
       8.000%, 05/15/2025 (C) 280,000 262,500
Assurant, Inc.
       4.000%, 03/15/2023 1,260,000 1,270,443
Australia & New Zealand Banking
       Group, Ltd.
       2.125%, 08/19/2020 410,000 401,586
Australia & New Zealand Banking
       Group, Ltd. (6.750% to 6-15-26, then
       5 Year U.S. ISDAFIX + 5.168%)
       06/15/2026 (C)(D)(H) 235,000 249,688
AXA SA
       8.600%, 12/15/2030 220,000 299,200
AXA SA (6.463% to 12-14-18, then 3
       month LIBOR + 1.449%)
       12/14/2018 (C)(H) 1,440,000 1,422,000
Bank of America Corp.
       3.950%, 04/21/2025 573,000 567,645
       4.200%, 08/26/2024 225,000 228,107
       4.250%, 10/22/2026 174,000 175,110
       4.450%, 03/03/2026 715,000 729,977
Bank of America Corp. (3.004% to
       12-20-22, then 3 month LIBOR +
       0.790%) 12/20/2023 (C) 1,149,000 1,126,628
Bank of America Corp. (3.419% to
       12-20-27, then 3 month LIBOR +
       1.040%) 12/20/2028 (C) 1,087,000 1,040,492
Bank of America Corp. (6.300% to
       3-10-26, then 3 month LIBOR +
       4.553%) 03/10/2026 (H) 680,000 729,300
Banque Federative du Credit Mutuel SA
       2.200%, 07/20/2020 (C) 435,000 425,752
Barclays Bank PLC
       2.650%, 01/11/2021 980,000 967,695
       10.179%, 06/12/2021 (C) 235,000 275,794
Barclays PLC
       4.375%, 01/12/2026 300,000 300,311
BPCE SA
       4.500%, 03/15/2025 (C) 405,000 406,460
       5.700%, 10/22/2023 (C) 340,000 364,161
Brighthouse Financial, Inc.
       3.700%, 06/22/2027 (C) 700,000 649,018
Canadian Imperial Bank of Commerce
       2.700%, 02/02/2021 1,040,000 1,029,076
Capital One Financial Corp.
       2.400%, 10/30/2020 300,000 294,018
       2.450%, 04/24/2019 325,000 323,525
       3.500%, 06/15/2023 1,023,000 1,009,424
       3.750%, 07/28/2026 1,190,000 1,132,403
       4.200%, 10/29/2025 525,000 519,909
Citigroup, Inc.
       2.350%, 08/02/2021 555,000 538,787
       3.500%, 05/15/2023 1,060,000 1,046,951
       4.500%, 01/14/2022 1,000,000 1,038,864
       4.600%, 03/09/2026 746,000 764,765
Citigroup, Inc. (5.875% to 3-27-20, then
       3 month LIBOR + 4.059%)
       03/27/2020 (H) 502,000 518,315

10



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

Shares or
Principal
Amount       Value
CORPORATE BONDS (continued)
Financials (continued)
Citigroup, Inc. (6.250% to 8-15-26, then
       3 month LIBOR + 4.517%)
       08/15/2026 (H) $ 590,000 $ 623,188
Citizens Bank NA
       2.200%, 05/26/2020 595,000 582,533
CNO Financial Group, Inc.
       5.250%, 05/30/2025 410,000 413,075
Cooperatieve Rabobank UA (11.000% to
       6-30-19, then 3 month LIBOR +
       10.868%) 06/30/2019 (C)(H) 308,000 336,801
Credit Acceptance Corp.
       6.125%, 02/15/2021 325,000 327,340
Credit Agricole SA
       4.375%, 03/17/2025 (C) 600,000 597,704
Credit Agricole SA (7.875% to 1-23-24,
       then 5 Year U.S. Swap Rate +
       4.898%) 01/23/2024 (C)(H) 310,000 336,815
Credit Agricole SA (8.125% to 9-19-18,
       then 5 Year U.S. Swap Rate +
       6.283%) 09/19/2033 (C) 350,000 356,854
Credit Suisse Group AG (7.500% to
       12-11-23, then 5 Year U.S. Swap Rate
       + 4.598%) 12/11/2023 (C)(H) 245,000 265,258
Credit Suisse Group Funding
       Guernsey, Ltd.
       4.550%, 04/17/2026 405,000 413,548
Credito Real SAB de CV
       7.250%, 07/20/2023 (C) 185,000 194,250
Credito Real SAB de CV (9.125% to
       11-29-22, then 10 Year CMT +
       7.026%) 11/29/2022 (C)(H) 300,000 307,500
Discover Financial Services
       3.950%, 11/06/2024 615,000 608,112
       4.100%, 02/09/2027 167,000 165,551
       5.200%, 04/27/2022 115,000 120,557
Doric Nimrod Air Alpha 2013-1 Class B
       Pass Through Trust
       6.125%, 11/30/2021 (C) 38,771 39,644
Enova International, Inc.
       8.500%, 09/01/2024 (C) 77,000 81,235
       9.750%, 06/01/2021 290,000 305,225
Exela Intermediate LLC
       10.000%, 07/15/2023 (C) 180,000 182,025
Fifth Third Bancorp (5.100% to 6-30-23,
       then 3 month LIBOR + 3.033%)
       06/30/2023 (H) 402,000 395,970
Flagstar Bancorp, Inc.
       6.125%, 07/15/2021 197,000 207,737
Freedom Mortgage Corp.
       8.125%, 11/15/2024 (C) 350,000 358,750
FS Investment Corp.
       4.000%, 07/15/2019 230,000 231,132
       4.250%, 01/15/2020 225,000 227,035
HSBC Holdings PLC (6.375% to
       9-17-24, then 5 Year U.S. ISDAFIX +
       3.705%) 09/17/2024 (H) 185,000 187,313
HSBC Holdings PLC (6.875% to 6-1-21,
       then 5 Year U.S. ISDAFIX + 5.514%)
       06/01/2021 (H) 460,000 485,875
ING Bank NV
       5.800%, 09/25/2023 (C) 280,000 302,538
ING Groep NV (6.500% to 4-16-25, then
       5 Year U.S. Swap Rate + 4.446%)
       04/16/2025 (D)(H) 200,000 206,250
Invesco Finance PLC
       3.125%, 11/30/2022 850,000 842,940
Jefferies Group LLC
       4.150%, 01/23/2030 495,000 461,113
       4.850%, 01/15/2027 519,000 530,415
       5.125%, 04/13/2018 600,000 600,336
       8.500%, 07/15/2019 1,340,000 1,431,870
JPMorgan Chase & Co.
       2.400%, 06/07/2021 800,000 781,343
       3.200%, 06/15/2026 475,000 455,391
       3.375%, 05/01/2023 1,250,000 1,233,709
       4.125%, 12/15/2026 600,000 602,598
       4.500%, 01/24/2022 1,300,000 1,351,319
       6.300%, 04/23/2019 1,000,000 1,037,496
JPMorgan Chase & Co. (5.300% to
       5-1-20, then 3 month LIBOR +
       3.800%) 05/01/2020 (H) 530,000 544,310
JPMorgan Chase & Co. (6.750% to
       2-1-24, then 3 month LIBOR +
       3.780%) 02/01/2024 (H) 520,000 567,320
Ladder Capital Finance Holdings LLLP
       5.250%, 03/15/2022 to 10/01/2025 (C) 330,000 319,500
Legg Mason, Inc.
       3.950%, 07/15/2024 660,000 661,699
       4.750%, 03/15/2026 825,000 862,149
Leucadia National Corp.
       5.500%, 10/18/2023 1,425,000 1,464,638
Liberty Mutual Group, Inc.
       4.250%, 06/15/2023 (C) 1,000,000 1,020,247
       7.800%, 03/07/2087 (C) 510,000 631,125
Lincoln National Corp.
       6.250%, 02/15/2020 1,000,000 1,057,085
Lions Gate Capital Holdings LLC
       5.875%, 11/01/2024 (C) 200,000 207,500
Lloyds Banking Group PLC
       4.650%, 03/24/2026 880,000 882,704
Lloyds Banking Group PLC (7.500% to
       6-27-24, then 5 Year U.S. Swap Rate
       + 4.760%) 06/27/2024 (H) 305,000 330,544
Loews Corp.
       2.625%, 05/15/2023 630,000 607,628
       3.750%, 04/01/2026 825,000 831,917
M&T Bank Corp. (5.125% to 11-1-26,
       then 3 month LIBOR + 3.520%)
       11/01/2026 (H) 315,000 314,213
Macquarie Bank, Ltd.
       4.875%, 06/10/2025 (C) 405,000 410,421
Macquarie Group, Ltd.
       3.000%, 12/03/2018 (C) 650,000 650,454
Markel Corp.
       5.000%, 03/30/2043 1,270,000 1,340,279
       5.350%, 06/01/2021 800,000 847,670
MetLife, Inc.
       3.000%, 03/01/2025 300,000 288,308
       6.400%, 12/15/2066 300,000 328,875
       9.250%, 04/08/2068 (C) 220,000 299,200
MGIC Investment Corp.
       5.750%, 08/15/2023 136,000 142,460
Montpelier Re Holdings, Ltd.
       4.700%, 10/15/2022 1,080,000 1,114,844
Morgan Stanley
       3.875%, 01/27/2026 360,000 359,477
       4.100%, 05/22/2023 900,000 911,785
       5.500%, 01/26/2020 435,000 453,960
       6.625%, 04/01/2018 470,000 470,000

11



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

Shares or
Principal
Amount Value
CORPORATE BONDS (continued)      
Financials (continued)
Morgan Stanley (continued)
       7.300%, 05/13/2019 $ 610,000 $ 639,148
Morgan Stanley (5.450% to 7-15-19,
       then 3 month LIBOR + 3.610%)
       07/15/2019 (H) 200,000 203,550
MSCI, Inc.
       5.250%, 11/15/2024 (C) 50,000 51,050
Nationstar Mortgage LLC
       7.875%, 10/01/2020 160,000 163,200
Nationwide Mutual Insurance Company
       (3 month LIBOR + 2.290%) 4.414%,
       12/15/2024 (B)(C) 1,130,000 1,129,981
Nippon Life Insurance Company
       (5.100% to 10-16-24, then 5 Year U.S.
       ISDAFIX + 3.650%) 10/16/2044 (C) 410,000 426,400
PNC Bank NA
       2.450%, 07/28/2022 525,000 508,298
       2.500%, 01/22/2021 860,000 847,301
Popular, Inc.
       7.000%, 07/01/2019 320,000 326,400
Prudential Financial, Inc. (5.875% to
       9-15-22, then 3 month LIBOR +
       4.175%) 09/15/2042 781,000 822,003
Quicken Loans, Inc.
       5.250%, 01/15/2028 (C) 320,000 299,200
       5.750%, 05/01/2025 (C) 410,000 408,975
Radian Group, Inc.
       4.500%, 10/01/2024 190,000 185,725
       5.250%, 06/15/2020 134,000 138,188
Raymond James Financial, Inc.
       3.625%, 09/15/2026 500,000 489,728
       4.950%, 07/15/2046 500,000 539,735
Regions Financial Corp.
       2.750%, 08/14/2022 640,000 621,668
Santander Holdings USA, Inc.
       2.700%, 05/24/2019 67,000 66,831
       3.400%, 01/18/2023 360,000 351,804
       3.700%, 03/28/2022 635,000 636,163
Santander UK Group Holdings PLC
       4.750%, 09/15/2025 (C) 345,000 347,080
Societe Generale SA (7.375% to 9-13-21,
       then 5 Year U.S. Swap Rate +
       6.238%) 09/13/2021 (C)(H) 470,000 499,963
Societe Generale SA (8.000% to 9-29-25,
       then 5 Year U.S. ISDAFIX + 5.873%)
       09/29/2025 (C)(H) 350,000 391,563
Societe Generale SA (8.250% to
       11-29-18, then 5 Year U.S. Swap Rate
       + 6.394%) 11/29/2018 (H) 335,000 345,050
Springleaf Finance Corp.
       6.875%, 03/15/2025 140,000 140,525
Standard Chartered PLC
       2.100%, 08/19/2019 (C) 500,000 492,750
Stearns Holdings LLC
       9.375%, 08/15/2020 (C) 120,000 122,100
Stifel Financial Corp.
       4.250%, 07/18/2024 1,735,000 1,742,227
Sumitomo Mitsui Trust Bank, Ltd.
       2.050%, 03/06/2019 (C) 570,000 565,623
SunTrust Bank
       2.450%, 08/01/2022 605,000 582,708
SunTrust Bank (2.590% to 1-29-20, then
       3 month LIBOR + 0.297%)
       01/29/2021 715,000 710,166
Teachers Insurance & Annuity
       Association of America
       4.270%, 05/15/2047 (C) 525,000 524,119
The Charles Schwab Corp. (7.000% to
       2-1-22, then 3 month LIBOR +
       4.820%) 02/01/2022 (D)(H) 1,000,000 1,105,000
The Goldman Sachs Group, Inc.
       2.300%, 12/13/2019 820,000 811,151
       3.625%, 01/22/2023 1,200,000 1,203,739
       3.850%, 01/26/2027 840,000 828,892
The Hartford Financial Services
       Group, Inc.
       5.500%, 03/30/2020 500,000 522,700
       6.625%, 03/30/2040 500,000 645,251
The Hartford Financial Services
       Group, Inc. (8.125% to 6-15-18, then
       3 month LIBOR + 4.603%)
       06/15/2068 640,000 646,400
The PNC Financial Services Group, Inc.
       (4.850% to 6-1-23, then 3 month
       LIBOR + 3.040%) 06/01/2023 (H) 385,000 385,732
The PNC Financial Services Group, Inc.
       (6.750% to 8-1-21, then 3 month
       LIBOR + 3.678%) 08/01/2021 (H) 740,000 803,270
The Royal Bank of Scotland Group PLC
       3.875%, 09/12/2023 1,150,000 1,135,271
The Royal Bank of Scotland Group PLC
       (8.000% to 8-10-25, then 5 Year
       U.S. Swap Rate + 5.720%)
       08/10/2025 (D)(H) 300,000 328,875
The Royal Bank of Scotland Group PLC
       (8.625% to 8-15-21, then 5 Year
       U.S. Swap Rate + 7.598%)
       08/15/2021 (H) 250,000 271,563
Trident Merger Sub, Inc.
       6.625%, 11/01/2025 (C) 115,000 112,125
UBS AG
       2.450%, 12/01/2020 (C) 730,000 716,749
UBS Group Funding Switzerland AG
       (2.859% to 8-15-22, then 3 month
       LIBOR + 0.954%) 08/15/2023 (C) 545,000 526,653
Voya Financial, Inc.
       4.800%, 06/15/2046 700,000 717,958
Voya Financial, Inc. (5.650% to 5-15-23,
       then 3 month LIBOR + 3.580%)
       05/15/2053 435,000 443,700
Wells Fargo & Company, Series K (3
       month LIBOR + 3.770%) 5.894%,
       06/15/2018 (B)(H) 422,000 428,051
Wells Fargo & Company, Series M
       3.450%, 02/13/2023 900,000 887,212
Wells Fargo & Company, Series MTN
       4.650%, 11/04/2044 365,000 367,536
Wells Fargo & Company, Series U
       (5.875% to 6-15-25, then 3 month
       LIBOR + 3.990%) 06/15/2025 (H) 1,090,000 1,146,680
Wells Fargo Bank NA
       2.400%, 01/15/2020 1,070,000 1,061,067
Westpac Banking Corp.
       2.150%, 03/06/2020 845,000 832,155
Willis Towers Watson PLC
       5.750%, 03/15/2021 1,350,000 1,436,503
XLIT, Ltd.
       5.750%, 10/01/2021 1,000,000 1,079,248
93,739,943

12



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

Shares or
Principal
Amount       Value
CORPORATE BONDS (continued)
Health care – 2.3%
Abbott Laboratories
       3.750%, 11/30/2026 $ 1,200,000 $ 1,192,811
AbbVie, Inc.
       3.600%, 05/14/2025 465,000 458,019
Agilent Technologies, Inc.
       3.875%, 07/15/2023 670,000 679,458
Allergan Funding SCS
       3.800%, 03/15/2025 450,000 442,019
Baxter International, Inc.
       3.500%, 08/15/2046 500,000 437,291
Becton, Dickinson and Company
       2.133%, 06/06/2019 470,000 464,647
Celgene Corp.
       2.875%, 08/15/2020 to 02/19/2021 695,000 691,113
Cigna Corp.
       4.500%, 03/15/2021 1,100,000 1,134,898
Community Health Systems, Inc.
       5.125%, 08/01/2021 (D) 175,000 162,750
       8.000%, 11/15/2019 (D) 125,000 112,500
DaVita, Inc.
       5.000%, 05/01/2025 545,000 526,770
Express Scripts Holding Company
       2.600%, 11/30/2020 (D) 640,000 628,414
HCA, Inc.
       5.250%, 04/15/2025 to 06/15/2026 715,000 728,021
       7.500%, 02/15/2022 270,000 296,663
MEDNAX, Inc.
       5.250%, 12/01/2023 (C) 395,000 396,975
Mylan NV
       2.500%, 06/07/2019 261,000 258,954
       3.950%, 06/15/2026 1,347,000 1,305,692
       5.250%, 06/15/2046 250,000 254,553
Mylan, Inc.
       2.600%, 06/24/2018 670,000 669,384
Quintiles IMS, Inc.
       4.875%, 05/15/2023 (C) 155,000 157,906
Select Medical Corp.
       6.375%, 06/01/2021 430,000 436,450
Shire Acquisitions Investments
       Ireland DAC
       1.900%, 09/23/2019 715,000 703,139
       3.200%, 09/23/2026 1,120,000 1,043,676
Team Health Holdings, Inc.
       6.375%, 02/01/2025 (C)(D) 89,000 76,326
Teva Pharmaceutical Finance
       Company LLC
       6.150%, 02/01/2036 49,000 45,660
Teva Pharmaceutical Finance
       Netherlands III BV
       6.750%, 03/01/2028 (C)(D) 315,000 310,798
UnitedHealth Group, Inc.
       5.800%, 03/15/2036 540,000 661,097
Universal Health Services, Inc.
       4.750%, 08/01/2022 (C) 345,000 350,398
       5.000%, 06/01/2026 (C) 423,000 425,115
Valeant Pharmaceuticals
       International, Inc.
       6.125%, 04/15/2025 (C) 490,000 422,870
Zimmer Biomet Holdings, Inc.
       3.550%, 04/01/2025 852,000 826,286
  16,300,653
Industrials – 3.8%
AECOM
       5.125%, 03/15/2027 570,000 550,763
AerCap Global Aviation Trust (6.500%
       to 6-15-25, then 3 month LIBOR +
       4.300%) 06/15/2045 (C) 285,000 307,444
AerCap Ireland Capital DAC
       4.625%, 10/30/2020 410,000 421,962
       5.000%, 10/01/2021 512,000 532,850
Ahern Rentals, Inc.
       7.375%, 05/15/2023 (C) 532,000 517,370
Air Canada 2013-1 Class A Pass
       Through Trust
       4.125%, 11/15/2026 (C) 242,767 244,855
Air Canada 2013-1 Class C Pass
       Through Trust
       6.625%, 05/15/2018 (C) 185,000 185,463
Air Canada 2017-1 Class B Pass
       Through Trust
       3.700%, 07/15/2027 (C) 260,000 254,589
Air Lease Corp.
       3.000%, 09/15/2023 400,000 383,108
       3.375%, 01/15/2019 135,000 135,499
       4.750%, 03/01/2020 500,000 513,995
Aircastle, Ltd.
       5.500%, 02/15/2022 225,000 234,563
       6.250%, 12/01/2019 100,000 104,000
       7.625%, 04/15/2020 125,000 133,750
American Airlines 2001-1 Class A-1 Pass
       Through Trust
       6.977%, 11/23/2022 164,936 171,121
American Airlines 2013-2 Class A Pass
       Through Trust
       4.950%, 07/15/2024 380,348 395,562
American Airlines 2015-1 Class A Pass
       Through Trust
       3.375%, 11/01/2028 196,819 192,144
American Airlines 2015-1 Class B Pass
       Through Trust
       3.700%, 11/01/2024 210,040 206,364
American Airlines 2016-1 Class A Pass
       Through Trust
       4.100%, 07/15/2029 403,723 404,692
American Airlines 2017-1 Class A Pass
       Through Trust
       4.000%, 08/15/2030 254,665 253,746
American Airlines 2017-1 Class AA Pass
       Through Trust
       3.650%, 08/15/2030 326,740 323,881
American Airlines 2017-2 Class A Pass
       Through Trust
       3.600%, 04/15/2031 225,000 221,558
Arconic, Inc.
       5.125%, 10/01/2024 439,000 446,683
Ashtead Capital, Inc.
       4.375%, 08/15/2027 (C) 350,000 332,500
Azul Investments LLP
       5.875%, 10/26/2024 (C) 385,000 378,744
British Airways 2013-1 Class A Pass
       Through Trust
       4.625%, 06/20/2024 (C) 387,184 401,897
British Airways 2013-1 Class B Pass
       Through Trust
       5.625%, 12/20/2021 (C) 116,300 119,579
British Airways 2018-1 Class AA Pass
       Through Trust
       3.800%, 03/20/2033 (C) 134,000 134,670

13



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Active 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 $ 52,965 $ 54,257
Continental Airlines 2000-2 Class B Pass
       Through Trust
       8.307%, 10/02/2019 27,504 27,504
Continental Airlines 2007-1 Class A Pass
       Through Trust
       5.983%, 10/19/2023 226,468 242,368
Continental Airlines 2012-1 Class B Pass
       Through Trust
       6.250%, 10/11/2021 92,465 95,701
Delta Air Lines 2002-1 Class G-1 Pass
       Through Trust
       6.718%, 07/02/2024 148,398 160,670
Delta Air Lines 2010-1 Class A Pass
       Through Trust
       6.200%, 01/02/2020 98,031 99,317
Delta Air Lines, Inc.
       3.625%, 03/15/2022 650,000 649,019
Empresa de Transporte de Pasajeros
       Metro SA
       4.750%, 02/04/2024 (C) 340,000 353,678
EnerSys
       5.000%, 04/30/2023 (C) 145,000 147,356
Equifax, Inc.
       7.000%, 07/01/2037 105,000 128,701
GATX Corp.
       3.850%, 03/30/2027 800,000 784,927
General Electric Company
       2.700%, 10/09/2022 1,100,000 1,066,354
General Electric Company (3 month
       LIBOR + 0.480%) 2.319%,
       08/15/2036 (B) 140,000 119,093
H&E Equipment Services, Inc.
       5.625%, 09/01/2025 175,000 176,531
Huntington Ingalls Industries, Inc.
       5.000%, 11/15/2025 (C) 100,000 105,346
IHS Markit, Ltd.
       4.000%, 03/01/2026 (C) 175,000 168,000
       4.750%, 02/15/2025 (C) 150,000 152,250
       5.000%, 11/01/2022 (C) 210,000 217,875
International Lease Finance Corp.
       5.875%, 04/01/2019 160,000 164,357
JB Hunt Transport Services, Inc.
       3.850%, 03/15/2024 700,000 704,793
Kratos Defense & Security
       Solutions, Inc.
       6.500%, 11/30/2025 (C) 290,000 300,150
Lennox International, Inc.
       3.000%, 11/15/2023 800,000 779,186
Lockheed Martin Corp.
       4.700%, 05/15/2046 430,000 465,814
LSC Communications, Inc.
       8.750%, 10/15/2023 (C) 395,000 406,475
Masco Corp.
       4.375%, 04/01/2026 720,000 731,232
       4.450%, 04/01/2025 195,000 199,485
Neovia Logistics Services LLC
       8.875%, 08/01/2020 (C) 126,000 98,753
Northwest Airlines 2007-1 Class A Pass
       Through Trust
       7.027%, 05/01/2021 84,335 88,822
Owens Corning
       4.200%, 12/15/2022 285,000 292,630
Prime Security Services Borrower LLC
       9.250%, 05/15/2023 (C) 150,000   162,563
Ryder System, Inc.
       2.450%, 11/15/2018 900,000 899,267
Stanley Black & Decker, Inc. (5.750% to
       12-15-18, then 3 month LIBOR +
       4.304%) 12/15/2053 650,000 656,500
Tervita Escrow Corp.
       7.625%, 12/01/2021 (C) 85,000 86,238
Textron, Inc.
       7.250%, 10/01/2019 115,000 122,197
The Dun & Bradstreet Corp.
       4.625%, 12/01/2022 700,000 704,167
TTX Company
       4.200%, 07/01/2046 (C) 700,000 691,764
Tutor Perini Corp.
       6.875%, 05/01/2025 (C) 115,000 118,450
Tyco Electronics Group SA
       2.375%, 12/17/2018 980,000 977,494
       4.875%, 01/15/2021 500,000 523,684
Union Pacific Corp.
       4.163%, 07/15/2022 1,137,000 1,187,132
United Airlines 2014-2 Class A Pass
       Through Trust
       3.750%, 03/03/2028 492,944 488,951
United Airlines 2014-2 Class B Pass
       Through Trust
       4.625%, 03/03/2024 287,567 291,306
United Airlines 2016-1 Class A Pass
       Through Trust
       3.450%, 01/07/2030 374,843 366,232
United Airlines 2016-1 Class B Pass
       Through Trust
       3.650%, 01/07/2026 355,000 347,753
United Rentals North America, Inc.
       4.875%, 01/15/2028 440,000 424,600
       5.500%, 07/15/2025 390,000 399,263
US Airways 2010-1 Class A Pass
       Through Trust
       6.250%, 10/22/2024 179,914 194,019
Verisk Analytics, Inc.
       4.000%, 06/15/2025 620,000 623,638
XPO Logistics, Inc.
       6.500%, 06/15/2022 (C) 375,000 386,719
  27,135,933
Information technology – 2.1%
Activision Blizzard, Inc.
       3.400%, 09/15/2026 483,000 471,744
       6.125%, 09/15/2023 (C) 430,000 449,768
Advanced Micro Devices, Inc.
       7.000%, 07/01/2024 230,000 241,500
Autodesk, Inc.
       3.500%, 06/15/2027 497,000 474,114
Broadcom Corp.
       2.375%, 01/15/2020 585,000 576,778
       3.875%, 01/15/2027 1,478,000 1,436,124
CA, Inc.
       3.600%, 08/15/2022 415,000 418,546
CDW LLC
       5.000%, 09/01/2025 64,000 63,680
Citrix Systems, Inc.
       4.500%, 12/01/2027 580,000 573,365
Dell International LLC
       6.020%, 06/15/2026 (C) 890,000 957,928
       7.125%, 06/15/2024 (C) 120,000 128,100

14



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

Shares or
Principal
      Amount       Value
CORPORATE BONDS (continued)
Information technology (continued)
Dell International LLC (continued)
       8.350%, 07/15/2046 (C) $ 300,000 $ 380,530
eBay, Inc.
       2.150%, 06/05/2020 398,000 390,511
       3.800%, 03/09/2022 520,000 528,268
Electronic Arts, Inc.
       4.800%, 03/01/2026 700,000 749,341
Fiserv, Inc.
       3.850%, 06/01/2025 614,000 619,400
Hewlett Packard Enterprise Company
       2.100%, 10/04/2019 (C) 558,000 550,598
j2 Cloud Services LLC
       6.000%, 07/15/2025 (C) 160,000 163,800
Match Group, Inc.
       5.000%, 12/15/2027 (C) 25,000 24,625
       6.375%, 06/01/2024 303,000 322,316
Microsoft Corp.
       4.450%, 11/03/2045 600,000 663,041
Motorola Solutions, Inc.
       4.600%, 02/23/2028 340,000 342,010
NetApp, Inc.
       2.000%, 09/27/2019 435,000 428,225
Nokia OYJ
       4.375%, 06/12/2027 205,000 192,444
NXP BV
       4.625%, 06/01/2023 (C) 815,000 829,507
Open Text Corp.
       5.875%, 06/01/2026 (C) 160,000 164,552
QUALCOMM, Inc.
       3.450%, 05/20/2025 500,000 487,954
Tech Data Corp.
       4.950%, 02/15/2027 650,000 649,819
Telefonaktiebolaget LM Ericsson
       4.125%, 05/15/2022 640,000 635,221
VeriSign, Inc.
       4.750%, 07/15/2027 195,000 186,713
       5.250%, 04/01/2025 205,000 208,075
VMware, Inc.
       2.950%, 08/21/2022 430,000 411,963
Western Digital Corp.
       4.750%, 02/15/2026 460,000 458,988
15,179,548
Materials – 1.6%
Anglo American Capital PLC
       4.125%, 09/27/2022 (C) 400,000 404,774
       4.750%, 04/10/2027 (C) 215,000 217,363
Ardagh Packaging Finance PLC
       6.000%, 02/15/2025 (C) 190,000 190,950
Bemis Company, Inc.
       3.100%, 09/15/2026 500,000 467,588
Braskem Finance, Ltd.
       7.000%, 05/07/2020 (C) 335,000 355,241
Braskem Netherlands Finance BV
       4.500%, 01/10/2028 (C) 390,000 379,626
Cemex SAB de CV
       6.125%, 05/05/2025 (C)(D) 400,000 416,080
CF Industries, Inc.
       4.950%, 06/01/2043 175,000 152,688
Commercial Metals Company
       5.375%, 07/15/2027 110,000 108,350
Cydsa SAB de CV
       6.250%, 10/04/2027 (C) 360,000 356,850
Eastman Chemical Company
       4.500%, 01/15/2021 68,000 70,249
First Quantum Minerals, Ltd.
       6.875%, 03/01/2026 (C) 250,000 237,500
       7.500%, 04/01/2025 (C) 200,000 196,375
Freeport-McMoRan, Inc.
       5.450%, 03/15/2043 500,000 459,850
Klabin Finance SA
       4.875%, 09/19/2027 (C) 200,000 192,250
Methanex Corp.
       5.650%, 12/01/2044 450,000 449,000
Mexichem SAB de CV
       4.000%, 10/04/2027 (C) 245,000 232,750
       5.500%, 01/15/2048 (C) 430,000 400,438
Norbord, Inc.
       6.250%, 04/15/2023 (C) 185,000 194,713
NOVA Chemicals Corp.
       5.000%, 05/01/2025 (C) 520,000 499,044
Novelis Corp.
       5.875%, 09/30/2026 (C) 100,000 98,500
Olin Corp.
       5.000%, 02/01/2030 115,000 110,113
Platform Specialty Products Corp.
       6.500%, 02/01/2022 (C) 571,000 580,279
The Chemours Company
       6.625%, 05/15/2023 614,000 644,700
The Dow Chemical Company
       3.000%, 11/15/2022 270,000 265,018
       4.125%, 11/15/2021 1,000,000 1,028,289
The Mosaic Company
       4.250%, 11/15/2023 600,000 611,698
The Sherwin-Williams Company
       2.250%, 05/15/2020 315,000 309,734
       4.200%, 01/15/2022 1,000,000 1,029,579
U.S. Concrete, Inc.
       6.375%, 06/01/2024 200,000 207,500
Vale Overseas, Ltd.
       6.250%, 08/10/2026 342,000 383,143
Vedanta Resources PLC
       6.125%, 08/09/2024 (C) 270,000 263,828
       6.375%, 07/30/2022 (C) 325,000 331,013
11,845,073
Real estate – 2.2%
American Homes 4 Rent LP
       4.250%, 02/15/2028 415,000 406,389
American Tower Corp.
       3.400%, 02/15/2019 275,000 275,967
       3.550%, 07/15/2027 662,000 627,595
       4.700%, 03/15/2022 310,000 323,432
       5.000%, 02/15/2024 670,000 706,963
       5.900%, 11/01/2021 800,000 866,281
Columbia Property Trust Operating
       Partnership LP
       4.150%, 04/01/2025 600,000 592,443
Crown Castle Towers LLC
       4.883%, 08/15/2040 (C) 525,000 543,430
EPR Properties
       5.750%, 08/15/2022 500,000 534,060
Equinix, Inc.
       5.375%, 05/15/2027 175,000 177,625
Equity Commonwealth
       5.875%, 09/15/2020 700,000 727,962
ERP Operating LP
       3.375%, 06/01/2025 300,000 296,044
Essex Portfolio LP
       3.625%, 05/01/2027 500,000 487,529

15



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

Shares or
Principal
      Amount       Value
CORPORATE BONDS (continued)
Real estate (continued)
HCP, Inc.
       3.875%, 08/15/2024 $ 800,000 $ 792,804
Healthcare Trust of America
       Holdings LP
       3.500%, 08/01/2026 500,000 476,185
Iron Mountain, Inc.
       4.875%, 09/15/2027 (C) 280,000 259,700
       5.750%, 08/15/2024 415,000 402,031
       6.000%, 08/15/2023 525,000 542,645
Kimco Realty Corp.
       6.875%, 10/01/2019 755,000 797,843
National Retail Properties, Inc.
       3.300%, 04/15/2023 (D) 660,000 651,671
Omega Healthcare Investors, Inc.
       4.500%, 01/15/2025 225,000 219,878
       4.950%, 04/01/2024 845,000 862,132
       5.250%, 01/15/2026 160,000 162,355
Piedmont Operating Partnership LP
       4.450%, 03/15/2024 500,000 508,421
SL Green Operating Partnership LP
       3.250%, 10/15/2022 500,000 487,479
SL Green Realty Corp.
       7.750%, 03/15/2020 775,000 841,336
Ventas Realty LP
       3.500%, 02/01/2025 529,000 514,819
VEREIT Operating Partnership LP
       4.600%, 02/06/2024 372,000 376,661
Vornado Realty LP
       5.000%, 01/15/2022 650,000 682,006
Weingarten Realty Investors
       3.375%, 10/15/2022 1,050,000 1,045,328
16,189,014
Telecommunication services – 2.2%
AT&T, Inc.
       4.350%, 06/15/2045 285,000 260,000
       4.750%, 05/15/2046 410,000 397,538
       5.450%, 03/01/2047 825,000 874,224
C&W Senior Financing DAC
       6.875%, 09/15/2027 (C) 365,000 364,088
Cablevision SA
       6.500%, 06/15/2021 (C) 240,000 249,929
CC Holdings GS V LLC
       3.849%, 04/15/2023 365,000 366,442
CenturyLink, Inc.
       7.600%, 09/15/2039 1,000,000 861,590
Cincinnati Bell, Inc.
       7.000%, 07/15/2024 (C) 482,000 431,390
Comunicaciones Celulares SA
       6.875%, 02/06/2024 (C) 700,000 730,254
CSC Holdings LLC
       5.375%, 02/01/2028 (C) 200,000 188,918
       5.500%, 04/15/2027 (C) 230,000 220,225
Deutsche Telekom International Finance
       BV
       8.750%, 06/15/2030 758,000 1,071,036
Digicel Group, Ltd.
       8.250%, 09/30/2020 (C) 195,000 167,700
Digicel, Ltd.
       6.750%, 03/01/2023 (C) 360,000 324,407
GCI, Inc.
       6.875%, 04/15/2025 250,000 261,875
Iridium Communications, Inc.
       10.250%, 04/15/2023 (C) 81,000 83,228
Liquid Telecommunications Financing
       PLC
       8.500%, 07/13/2022 (C) 280,000 293,949
MTN Mauritius Investment, Ltd.
       4.755%, 11/11/2024 (C) 140,000 134,225
Radiate Holdco LLC
       6.625%, 02/15/2025 (C) 340,000 316,200
       6.875%, 02/15/2023 (C) 120,000 116,100
Sprint Capital Corp.
       6.875%, 11/15/2028 815,000 761,006
Sprint Spectrum Company LLC
       3.360%, 03/20/2023 (C) 319,375 317,379
Telecom Italia Capital SA
       7.200%, 07/18/2036 415,000 486,588
Telecom Italia SpA
       5.303%, 05/30/2024 (C) 335,000 340,863
T-Mobile USA, Inc.
       4.750%, 02/01/2028 394,000 378,733
UPC Holding BV
       5.500%, 01/15/2028 (C) 240,000 221,400
Verizon Communications, Inc.
       4.272%, 01/15/2036 1,311,000 1,253,274
       4.400%, 11/01/2034 400,000 394,531
       4.522%, 09/15/2048 978,000 940,653
       4.672%, 03/15/2055 715,000 679,539
       4.862%, 08/21/2046 880,000 886,564
       5.012%, 08/21/2054 591,000 586,814
West Corp.
       8.500%, 10/15/2025 (C) 170,000 164,475
Windstream Services LLC
       7.750%, 10/15/2020 (D) 300,000 250,500
Zayo Group LLC
       5.750%, 01/15/2027 (C) 170,000 165,963
15,541,600
Utilities – 1.5%
Abengoa Transmision Sur SA
       6.875%, 04/30/2043 (C) 278,236 303,277
AmeriGas Partners LP
       5.500%, 05/20/2025 250,000 241,250
Arizona Public Service Company
       5.500%, 09/01/2035 1,118,000 1,305,064
CenterPoint Energy Houston
       Electric LLC
       6.950%, 03/15/2033 535,000 714,701
CenterPoint Energy, Inc.
       2.500%, 09/01/2022 310,000 300,329
Dominion Energy, Inc.
       2.579%, 07/01/2020 383,000 378,114
Electricite de France SA
       3.625%, 10/13/2025 (C) 210,000 209,980
Electricite de France SA (5.250% to
       1-29-23, then 10 Year U.S. Swap Rate
       + 3.709%) 01/29/2023 (C)(H) 285,000 285,570
Emera US Finance LP
       3.550%, 06/15/2026 248,000 236,694
Empresa Electrica Angamos SA
       4.875%, 05/25/2029 (C) 280,000 274,709
Greenko Dutch BV
       4.875%, 07/24/2022 (C) 425,000 409,989
       5.250%, 07/24/2024 (C) 215,000 206,185
Instituto Costarricense de Electricidad
       6.375%, 05/15/2043 (C) 290,000 255,751
IPALCO Enterprises, Inc.
       3.700%, 09/01/2024 81,000 79,271

16



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

Shares or
Principal
      Amount       Value
CORPORATE BONDS (continued)
Utilities (continued)
Israel Electric Corp., Ltd.
       6.875%, 06/21/2023 (C) $ 170,000 $ 190,958
       7.250%, 01/15/2019 (C) 230,000 234,398
NextEra Energy Capital Holdings, Inc.
       2.300%, 04/01/2019 225,000 223,797
       3.550%, 05/01/2027 570,000 553,544
NextEra Energy Operating Partners LP
       4.500%, 09/15/2027 (C) 245,000 230,913
NRG Energy, Inc.
       6.250%, 05/01/2024 620,000 638,600
       6.625%, 01/15/2027 435,000 444,788
NRG Yield Operating LLC
       5.375%, 08/15/2024 690,000 692,588
Oncor Electric Delivery Company LLC
       4.100%, 06/01/2022 750,000 776,286
PPL Capital Funding, Inc.
       3.400%, 06/01/2023 1,160,000 1,152,510
Southern California Edison Company
       (6.250% to 2-1-22, then 3 month
       LIBOR + 4.199%) 02/01/2022 (H) 180,000 191,250
Southern Power Company
       1.950%, 12/15/2019 385,000 378,224
10,908,740
TOTAL CORPORATE BONDS
(Cost $294,563,442) $ 297,310,391
 
CONVERTIBLE BONDS – 0.0%
Utilities – 0.0%
NRG Yield, Inc.
       3.250%, 06/01/2020 (C) 285,000 282,224
TOTAL CONVERTIBLE BONDS
(Cost $285,000) $ 282,224
 
CAPITAL PREFERRED SECURITIES – 0.3%
Financials – 0.3%
BAC Capital Trust XIV, Series G
       (Greater of 3 month LIBOR + 0.400%
       or 4.000%) 4.000%,
       04/16/2018 (B)(H) 275,000 235,813
State Street Corp. (3 month LIBOR +
       1.000%) 3.124%, 06/01/2077 (B) 424,000 383,762
SunTrust Preferred Capital I (Greater of
       3 month LIBOR + 0.645% or 4.000%)
       4.000%, 04/30/2018 (B)(H) 425,000 382,500
USB Capital IX (Greater of 3 month
       LIBOR + 1.020% or 3.500%) 3.500%,
       04/30/2018 (B)(H) 1,045,000 943,687
1,945,762
TOTAL CAPITAL PREFERRED SECURITIES
(Cost $1,943,935) $ 1,945,762
 
MUNICIPAL BONDS – 0.5%
New Jersey State Turnpike Authority
       7.414%, 01/01/2040 1,885,000 2,776,398
The School District of Philadelphia
       5.995%, 09/01/2030 195,000 230,886
       6.765%, 06/01/2040 435,000 551,358
TOTAL MUNICIPAL BONDS (Cost $2,819,213) $ 3,558,642
 
TERM LOANS (I) – 0.1%
Energy – 0.1%
FTS International, Inc. (1 month LIBOR
       + 4.750%) 6.627%, 04/16/2021 358,000 358,895
Financials – 0.0%
LSF9 Atlantis Holdings LLC (1 month
       LIBOR + 6.000%) 7.686%,
       05/01/2023 207,375 205,992
Industrials – 0.0%
Delta Air Lines, Inc. (1 month LIBOR +
       2.500%) 4.322%, 10/18/2018 129,827 130,331
WP CPP Holdings LLC (3 month
       LIBOR + 3.500%) 5.272%,
       12/28/2019 39,583 39,484
169,815
Information technology – 0.0%
Ancestry.com Operations, Inc. (1 month
       LIBOR + 3.250%) 5.130%,
       10/19/2023 117,900 118,401
TOTAL TERM LOANS (Cost $850,564) $ 853,103
 
COLLATERALIZED MORTGAGE
OBLIGATIONS – 11.6%
Commercial and residential – 8.7%
American Home Mortgage Investment
       Trust
       Series 2004-4, Class 5A (6 month
       LIBOR + 2.000%)
       4.211%, 02/25/2045 (B) 164,201 165,448
Americold LLC
       Series 2010-ARTA, Class C,
              6.811%, 01/14/2029 (C) 1,350,000 1,447,225
       Series 2010-ARTA, Class D,
              7.443%, 01/14/2029 (C) 1,890,000 2,040,648
Angel Oak Mortgage Trust I LLC
       Series 2018-1, Class A1
       3.258%, 04/27/2048 (C)(J) 165,000 164,999
AOA Mortgage Trust
       Series 2015-1177, Class C
       3.010%, 12/13/2029 (C)(J) 190,000 185,617
BAMLL Commercial Mortgage
       Securities Trust
       Series 2013-DSNY, Class E (1 month
              LIBOR + 2.600%),
              4.377%, 09/15/2026 (B)(C) 105,000 104,989
       Series 2015-200P, Class F,
              3.596%, 04/14/2033 (C)(J) 240,000 225,434
Banc of America Commercial Mortgage
       Trust
       Series 2007-3, Class B
       5.581%, 06/10/2049 (J) 61,369 62,100
Banc of America Merrill Lynch
       Commercial Mortgage, Inc.
       Series 2005-5, Class XC IO
       0.075%, 10/10/2045 (C) 11,684,212 61
Bayview Commercial Asset Trust
       Series 2005-1A, Class A2 (1 month
              LIBOR + 0.350%),
              2.222%, 04/25/2035 (B)(C) 427,103 415,154
       Series 2005-4A, Class A2 (1 month
              LIBOR + 0.390%),
              2.262%, 01/25/2036 (B)(C) 216,946 203,426
       Series 2006-2A, Class A2 (1 month
              LIBOR + 0.280%),
              2.152%, 07/25/2036 (B)(C) 317,774 307,742
BBCMS Mortgage Trust
       Series 2018-TALL, Class B (1 month
              LIBOR + 0.971%),
              2.748%, 03/15/2037 (B)(C) 420,000 418,963

17



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

Shares or
Principal
      Amount       Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial and
residential (continued)
BBCMS Mortgage Trust (continued)
       Series 2018-TALL, Class E (1 month
              LIBOR + 2.437%),
              4.214%, 03/15/2037 (B)(C) $ 288,000 $ 287,113
BBCMS Trust
       Series 2015-MSQ, Class D,
              3.990%, 09/15/2032 (C)(J) 205,000 199,612
       Series 2015-SRCH, Class D,
              4.956%, 08/10/2035 (C)(J) 495,000 512,286
Bear Stearns Asset Backed
       Securities Trust
       Series 2004-AC5, Class A1,
              5.750%, 10/25/2034 291,562 289,644
       Series 2003-AC4, Class A,
              5.500%, 09/25/2033 576,134 578,732
Bear Stearns Commercial Mortgage
       Securities Trust
       Series 2004-PWR5, Class X1 IO,
              0.565%, 07/11/2042 (C) 1,669,440 16,688
       Series 2004-T16, Class X1 IO,
              0.381%, 02/13/2046 (C) 897,439 4,936
BHMS Mortgage Trust
       Series 2014-ATLS, Class CFX,
              4.690%, 07/05/2033 (C)(J) 500,000 501,217
       Series 2014-ATLS, Class DFL (1
              month LIBOR + 3.000%),
              4.664%, 07/05/2033 (B)(C) 280,000 281,227
BWAY Mortgage Trust
       Series 2013-1515, Class F,
              3.928%, 03/10/2033 (C)(J) 285,000 272,254
       Series 2015-1740, Class D,
              3.787%, 01/10/2035 (C)(J) 190,000 182,177
       Series 2015-1740, Class XA IO,
              0.896%, 01/10/2035 (C) 3,705,000 123,647
BX Commercial Mortgage Trust
       Series 2018-BIOA, Class D (1 month
       LIBOR + 1.321%)
       2.971%, 03/15/2037 (B)(C) 270,000 268,311
BXP Trust
       Series 2017-GM, Class D
       3.425%, 06/13/2039 (C)(J) 465,000 441,555
CD Mortgage Trust
       Series 2017-CD3, Class A4,
              3.631%, 02/10/2050 1,800,000 1,814,607
       Series 2017-CD3, Class C,
              4.562%, 02/10/2050 (J) 435,000 444,145
CGBAM Commercial Mortgage Trust
       Series 2015-SMRT, Class F
              3.786%, 04/10/2028 (C)(J) 120,000 118,294
CGDB Commercial Mortgage Trust
       Series 2017-BIO, Class E (1 month
       LIBOR + 2.500%)
       4.277%, 05/15/2030 (B)(C) 100,000 100,524
CGDBB Commercial Mortgage Trust
       Series 2017-BIOC, Class E (1 month
       LIBOR + 2.150%)
       3.927%, 07/15/2032 (B)(C) 355,000 354,440
CHL Mortgage Pass Through Trust
       Series 2004-HYB2, Class 4A
       3.287%, 07/20/2034 (J) 896,577 900,769
CHT Mortgage Trust
       Series 2017-CSMO, Class D (1 month
       LIBOR + 2.250%)
       4.027%, 11/15/2036 (B)(C) 495,000 497,436
Citigroup Commercial Mortgage Trust
       Series 2017-1500, Class E (1 month
       LIBOR + 2.500%)
       4.277%, 07/15/2032 (B)(C) 170,000 169,800
CLNS Trust
       Series 2017-IKPR, Class C (1 month
       LIBOR + 1.100%)
       2.840%, 06/11/2032 (B)(C) 220,000 220,210
Cold Storage Trust
       Series 2017-ICE3, Class D (1 month
       LIBOR + 2.100%)
       3.877%, 04/15/2036 (B)(C) 395,000 396,503
Commercial Mortgage Trust (Bank of
       America Merrill Lynch/Deutsche Bank AG)
       Series 2013-WWP, Class A2
       3.424%, 03/10/2031 (C) 1,400,000 1,426,913
Commercial Mortgage Trust (Cantor
       Fitzgerald/Deutsche Bank AG)
       Series 2012-CR2, Class XA IO,
              1.660%, 08/15/2045 9,939,634 586,506
       Series 2012-CR3 Class XA IO,
              1.883%, 10/15/2045 11,411,649 793,732
       Series 2013-CR6, Class XA IO,
              1.093%, 03/10/2046 1,164,071 39,514
       Series 2013-CR8 Class AM,
              3.831%, 06/10/2046 (C)(J) 1,000,000 1,012,819
       Series 2014-CR15, Class C,
              4.760%, 02/10/2047 (J) 800,000 836,187
       Series 2014-CR15, Class XA IO,
              1.196%, 02/10/2047 12,863,680 461,072
       Series 2014-CR16, Class C,
              4.902%, 04/10/2047 (J) 805,000 836,190
       Series 2015-CR27, Class B,
              4.361%, 10/10/2048 (J) 225,000 231,100
Commercial Mortgage Trust (Deutsche
       Bank AG)
       Series 2012-LC4, Class B,
              4.934%, 12/10/2044 (J) 175,000 180,103
       Series 2012-LC4, Class XA IO,
              2.212%, 12/10/2044 (C) 4,711,962 289,180
       Series 2013-300P, Class D,
              4.394%, 08/10/2030 (C)(J) 610,000 620,220
       Series 2013-300P, Class E,
              4.394%, 08/10/2030 (C)(J) 700,000 644,863
       Series 2013-CR11, Class B,
              5.159%, 08/10/2050 (J) 425,000 450,820
       Series 2013-CR13, Class C,
              4.742%, 11/10/2046 (J) 200,000 205,228
       Series 2013-LC13, Class B,
              5.009%, 08/10/2046 (C)(J) 215,000 227,482
       Series 2014-FL4, Class D (1 month
              LIBOR + 2.450%),
              4.200%, 07/13/2031 (B)(C) 395,000 393,596
       Series 2014-LC15, Class C,
              4.944%, 04/10/2047 (J) 400,000 407,652
       Series 2014-TWC, Class D (1 month
              LIBOR + 2.250%),
              3.968%, 02/13/2032 (B)(C) 295,000 296,220

18



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

Shares or
Principal
      Amount       Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial and
residential (continued)
Commercial Mortgage Trust (Deutsche
       Bank AG/Morgan Stanley)
       Series 2014-PAT, Class D (1 month
       LIBOR + 2.150%)
       3.868%, 08/13/2027 (B)(C) $ 345,000 $ 344,862
Commercial Mortgage Trust (Deutsche
       Bank AG/UBS AG)
       Series 2014-UBS2, Class XA IO
       1.352%, 03/10/2047 5,042,118 253,065
Core Industrial Trust
       Series 2015-CALW, Class F
       3.850%, 02/10/2034 (C)(J) 275,000 268,295
Credit Suisse First Boston Mortgage
       Securities Corp.
       Series 2005-C1, Class AX IO
       0.723%, 02/15/2038 (C) 293,264 14
DBJPM Mortgage Trust
       Series 2016-C3, Class C,
              3.494%, 09/10/2049 (J) 180,000 168,902
       Series 2017-C6, Class C,
              4.174%, 06/10/2050 (J) 325,000 319,986
DSLA Mortgage Loan Trust
       Series 2004-AR3, Class 2A2B (1
       month LIBOR + 0.450%)
       2.258%, 07/19/2044 (B) 753,252 742,985
FREMF Mortgage Trust
       Series 2011-K10, Class B,
              4.622%, 11/25/2049 (C)(J) 1,000,000 1,035,683
       Series 2011-K11, Class B,
              4.425%, 12/25/2048 (C)(J) 875,000 903,885
       Series 2017-K67, Class B,
              3.944%, 09/25/2049 (C)(J) 445,000 445,098
GAHR Commercial Mortgage Trust
       Series 2015-NRF, Class BFX,
              3.382%, 12/15/2034 (C)(J) 750,000 751,324
       Series 2015-NRF, Class DFX,
              3.382%, 12/15/2034 (C)(J) 385,000 382,409
       Series 2015-NRF, Class EFX,
              3.382%, 12/15/2034 (C)(J) 250,000 246,982
Galton Funding Mortgage Trust
       Series 2018-1, Class A43
       3.500%, 11/25/2057 (C)(J) 294,399 295,268
GE Capital Commercial Mortgage Corp.
       Series 2005-C1, Class XC IO
       0.010%, 06/10/2048 (C) 4,062,509 2
GE Commercial Mortgage Corp. Trust
       Series 2007-C1, Class AM
       5.606%, 12/10/2049 (J) 400,000 403,713
Great Wolf Trust
       Series 2017-WOLF, Class E (1 month
       LIBOR + 3.100%)
       5.027%, 09/15/2034 (B)(C) 120,000 120,788
Greenwich Capital Commercial Funding
       Corp.
       Series 2006-GG7, Class AM
       5.736%, 07/10/2038 (J) 259,113 259,121
GS Mortgage Securities Trust
       Series 2012-GC17, Class XA IO,
              2.220%, 05/10/2045 3,181,912 180,522
       Series 2013-GC10, Class C,
              4.285%, 02/10/2046 (C)(J) 859,800 859,305
       Series 2014-NEW, Class C,
              3.790%, 01/10/2031 (C) 125,000 125,585
       Series 2014-NEW, Class D,
              3.790%, 01/10/2031 (C) 1,000,000 999,482
       Series 2015-590M, Class C,
              3.805%, 10/10/2035 (C)(J) 215,000 214,165
       Series 2016-RENT, Class D,
              4.067%, 02/10/2029 (C)(J) 420,000 420,496
       Series 2017-485L, Class C,
              3.982%, 02/10/2037 (C)(J) 220,000 219,570
       Series 2017-500K, Class F (1 month
              LIBOR + 1.800%),
              3.577%, 07/15/2032 (B)(C) 125,000 125,389
       Series 2017-GS5, Class C,
              4.299%, 03/10/2050 (J) 155,000 155,044
       Series 2017-GS6, Class C,
              4.322%, 05/10/2050 (J) 250,000 252,863
       Series 2018-CHLL, Class E (1 month
              LIBOR + 2.350%),
              3.938%, 02/15/2037 (B)(C) 205,000 205,088
       Series 2005-GG4, Class XC IO,
              1.249%, 07/10/2039 (C) 525,512 46
HarborView Mortgage Loan Trust
       Series 2007-3, Class ES IO,
              0.350%, 05/19/2047 (C) 17,391,153 251,620
       Series 2007-4, Class ES IO,
              0.350%, 07/19/2047 18,286,619 317,706
       Series 2007-6, Class ES IO,
              0.353%, 08/19/2037 (C) 14,940,726 236,583
Hilton Orlando Trust
       Series 2018-ORL, Class B (1 month
              LIBOR + 1.050%),
              2.827%, 12/15/2034 (B)(C) 1,000,000 1,001,605
       Series 2018-ORL, Class D (1 month
              LIBOR + 1.700%),
              3.477%, 12/15/2034 (B)(C) 145,000 145,414
Hilton USA Trust
       Series 2016-HHV, Class D
       4.194%, 11/05/2038 (C)(J) 210,000 203,622
Hudsons Bay Simon JV Trust
       Series 2015-HBFL, Class DFL (1
       month LIBOR + 3.650%)
       5.336%, 08/05/2034 (B)(C) 165,000 165,013
IMT Trust
       Series 2017-APTS, Class CFX
       3.497%, 06/15/2034 (C)(J) 255,000 247,821
IndyMac Index Mortgage Loan Trust
       Series 2005-AR12, Class AX2 IO,
              1.494%, 07/25/2035 2,560,077 69,908
       Series 2005-AR8, Class AX2 IO,
              1.479%, 05/25/2035 1,646,332 53,346
       Series 2005-AR18, Class 1X IO,
              1.631%, 10/25/2036 2,550,875 135,959
       Series 2005-AR18, Class 2X IO,
              1.335%, 10/25/2036 3,023,222 42,273
Irvine Core Office Trust
       Series 2013-IRV, Class XA IO
       1.106%, 05/15/2048 (C) 12,639,115 354,449
JPMBB Commercial Mortgage
       Securities Trust
       Series 2013-C14, Class XA IO,
              0.759%, 08/15/2046 9,820,672 201,319
       Series 2014-C19, Class C,
              4.660%, 04/15/2047 (J) 410,000 418,026

19



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

Shares or
Principal
      Amount       Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial and
residential (continued)
JPMorgan Chase Commercial Mortgage
       Securities Trust
       Series 2006-LDP8, Class X IO,
              0.287%, 05/15/2045 $ 1,395,903 $ 22
       Series 2007-CB20, Class C,
              6.174%, 02/12/2051 (C)(J) 468,090 477,437
       Series 2011-C3A, Class XA IO,
              1.002%, 02/15/2046 (C) 11,412,057 269,835
       Series 2011-C4, Class XA IO,
              1.472%, 07/15/2046 (C) 16,466,461 240,193
       Series 2012-C14, Class XA IO,
              1.431%, 07/05/2032 (C) 12,313,976 654,780
       Series 2014-FL5, Class C (1 month
              LIBOR + 2.100%),
              3.688%, 07/15/2031 (B)(C) 360,628 360,455
       Series 2014-PHH, Class C (1 month
              LIBOR + 2.350%),
              4.127%, 08/15/2027 (B)(C) 310,000 310,291
       Series 2015-MAR7, Class C,
              4.490%, 06/05/2032 (C) 320,000 319,075
       Series 2015-SGP, Class B (1 month
              LIBOR + 2.750%),
              4.527%, 07/15/2036 (B)(C) 240,000 240,745
       Series 2016-JP3, Class C,
              3.480%, 08/15/2049 (J) 129,000 120,469
LB-UBS Commercial Mortgage Trust
       Series 2005-C1, Class XCL IO,
              0.155%, 02/15/2040 (C) 1,059,224 907
       Series 2005-C7, Class E,
              5.350%, 11/15/2040 (J) 753,656 763,400
MAD Mortgage Trust
       Series 2017-330M, Class D
       3.710%, 08/15/2034 (C)(J) 330,000 325,251
MASTR Adjustable Rate
       Mortgages Trust
       Series 2004-13, Class 2A1,
              3.626%, 04/21/2034 (J) 227,975 233,529
       Series 2004-8, Class 5A1,
              3.640%, 08/25/2034 (J) 420,802 425,861
MASTR Alternative Loan Trust
       Series 2004-4, Class 8A1
       6.500%, 05/25/2034 361,815 378,426
Merrill Lynch Mortgage Investors Trust
       Series 2005-A, Class A1 (1 month
       LIBOR + 0.460%)
       2.081%, 03/25/2030 (B) 43,532 42,154
Merrill Lynch Mortgage Trust
       Series 2008-C1, Class X IO,
              0.121%, 02/12/2051 (C) 14,181,963 760
       Series 2005-CIP1, Class XC IO,
              0.010%, 07/12/2038 (C) 3,957,439 619
       Series 2006-C2, Class X IO,
              0.016%, 08/12/2043 (C) 2,071,244 1,039
Merrill Lynch/Countrywide Commercial
       Mortgage Trust
       Series 2007-6, Class AM
       5.485%, 03/12/2051 (J) 225,774 227,901
Morgan Stanley Bank of America Merrill
       Lynch Trust
       Series 2012-C5, Class XA IO,
              1.477%, 08/15/2045 (C) 10,774,311 539,523
       Series 2012-C6, Class XA IO,
              1.633%, 11/15/2045 (C) 7,447,992 432,084
       Series 2013-C7, Class AS,
              3.214%, 02/15/2046 1,000,000 987,160
       Series 2013-C7, Class C,
              4.134%, 02/15/2046 (J) 140,000 139,316
       Series 2013-C7, Class XA IO,
              1.388%, 02/15/2046 11,939,459 647,003
       Series 2014-C18, Class 300D,
              5.279%, 08/15/2031 135,000 139,253
Morgan Stanley Capital I Trust
       Series 2011-C3, Class XA IO,
              0.790%, 07/15/2049 (C) 11,637,473 221,160
       Series 2012-C4, Class AS,
              3.773%, 03/15/2045 2,371,500 2,391,930
       Series 2014-150E, Class D,
              4.295%, 09/09/2032 (C)(J) 585,000 588,835
       Series 2015, Class XLF1 C (1 month
              LIBOR + 2.200%),
              3.977%, 08/14/2031 (B)(C) 295,000 296,429
       Series 2017-CLS, Class D (1 month
              LIBOR + 1.400%),
              3.177%, 11/15/2034 (B)(C) 469,000 470,154
       Series 2005-IQ9, Class X1 IO,
              0.872%, 07/15/2056 (C) 4,004,015 37,510
       Series 2005-T17, Class X1 IO,
              0.752%, 12/13/2041 (C) 1,037,528 20,730
MSCG Trust
       Series 2016-SNR, Class D
       6.550%, 11/15/2034 (C) 400,000 400,157
MSDB Trust
       Series 2017-712F, Class C
       3.628%, 07/11/2039 (C)(J) 85,000 83,633
MSSG Trust
       Series 2017-237P, Class D,
              3.864%, 09/13/2039 (C) 185,000 176,233
       Series 2017-237P, Class E,
              3.864%, 09/13/2039 (C) 270,000 251,346
Natixis Commercial Mortgage
       Securities Trust
       Series 2018-285M, Class D,
              3.790%, 11/15/2032 (C)(J) 135,000 131,642
       Series 2018-ALXA, Class C,
              4.316%, 01/15/2043 (C)(J) 235,000 239,536
Olympic Tower Mortgage Trust
       Series 2017-OT, Class D
       3.945%, 05/10/2039 (C)(J) 335,000 330,253
One Market Plaza Trust
       Series 2017-1MKT, Class D
       4.146%, 02/10/2032 (C) 155,000 153,617
Residential Accredit Loans, Inc.
       Series 2005-QO4, Class XIO IO
       1.866%, 12/25/2045 3,209,893 297,645
Sequoia Mortgage Trust
       Series 2005-3, Class A1 (1 month
       LIBOR + 0.200%)
       2.022%, 05/20/2035 (B) 101,180 98,930
Structured Asset Securities Corp.
       Series 1998-RF2, Class A
       5.282%, 07/15/2027 (C)(J) 74,356 72,560
TMSQ Mortgage Trust
       Series 2011-1500, Class D
       3.835%, 10/10/2036 (C)(J) 285,000 269,082

20



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

Shares or
Principal
      Amount       Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial and
residential (continued)
UBS Commercial Mortgage Trust
       Series 2012-C1, Class B
       4.822%, 05/10/2045 $ 120,000 $ 126,601
UBS-Barclays Commercial Mortgage
       Trust
       Series 2012-C2, Class XA IO
       1.340%, 05/10/2063 (C) 7,639,989 353,751
VNDO Mortgage Trust
       Series 2013-PENN, Class D
       3.947%, 12/13/2029 (C)(J) 484,000 483,089
VNDO Trust
       Series 2016-350P, Class D
       3.903%, 01/10/2035 (C)(J) 425,000 413,486
Wachovia Bank Commercial
       Mortgage Trust
       Series 2007-C30, Class AJ,
              5.413%, 12/15/2043 (J) 262,357 265,044
       Series 2005-C17, Class XC IO,
              0.396%, 03/15/2042 (C) 643,974 2,693
WaMu Mortgage Pass
       Through Certificates
       Series 2004-AR8, Class A2 (1 month
              LIBOR + 0.400%),
              2.021%, 06/25/2044 (B) 577,554 568,299
       Series 2005-AR2, Class 2A1B (1
              month LIBOR + 0.370%),
              1.991%, 01/25/2045 (B) 891,598 874,848
       Series 2005-AR8, Class 2AB2 (1
              month LIBOR + 0.840%),
              2.712%, 07/25/2045 (B) 625,329 620,508
       Series 2005-AR8, Class 2AB3 (1
              month LIBOR + 0.720%),
              2.592%, 07/25/2045 (B) 499,519 492,538
Washington Mutual Mortgage Pass
       Through Certificates
       Series 2005-1, Class 6A1
       6.500%, 03/25/2035 293,604 275,481
Wells Fargo Commercial Mortgage Trust
       Series 2013-120B, Class C,
              2.710%, 03/18/2028 (C)(J) 445,000 438,338
       Series 2013-BTC, Class E,
              3.550%, 04/16/2035 (C)(J) 245,000 232,016
       Series 2015-LC22, Class B,
              4.542%, 09/15/2058 (J) 310,000 324,617
       Series 2017-RB1, Class C,
              4.311%, 03/15/2050 (J) 215,000 213,694
       Series 2017-SMP, Class D (1 month
              LIBOR + 1.650%),
              3.552%, 12/15/2034 (B)(C) 160,000 159,649
Wells Fargo Mortgage Backed Securities Trust
       Series 2005-AR3, Class 1A2
       3.524%, 03/25/2035 (J) 248,968 250,095
WFCG Commercial Mortgage Trust
       Series 2015-BXRP, Class D (1 month
       LIBOR + 2.571%)
       4.348%, 11/15/2029 (B)(C) 84,360 84,545
WF-RBS Commercial Mortgage Trust
       Series 2011-C3, Class XA IO,
              1.373%, 03/15/2044 (C) 14,829,752 456,172
       Series 2012-C10, Class XA IO,
              1.580%, 12/15/2045 (C) 6,596,082 392,334
       Series 2012-C9, Class B XA IO,
              1.910%, 11/15/2045 (C) 9,525,850 670,590
       Series 2013-C15, Class B,
              4.481%, 08/15/2046 (J) 125,000 128,966
       Series 2013-C16, Class B,
              5.029%, 09/15/2046 (J) 175,000 184,780
Worldwide Plaza Trust
       Series 2017-WWP, Class D
       3.596%, 11/10/2036 (C)(J) 260,000 245,832
62,268,767
U.S. Government Agency – 2.9%
Federal Home Loan Mortgage Corp.
       Series 290, Class IO,
              3.500%, 11/15/2032 2,311,274 387,299
       Series 3387, Class SB IO,
              4.643%, 11/15/2037 1,734,917 236,338
       Series 3632, Class AP,
              3.000%, 02/15/2040 1,566,425 1,563,383
       Series 3830, Class NI IO,
              4.500%, 01/15/2036 1,043,377 36,620
       Series K005, Class AX IO,
              1.351%, 11/25/2019 12,891,498 250,049
       Series K011, Class X1 IO,
              0.239%, 11/25/2020 50,244,166 294,918
       Series K014, Class X1 IO,
              1.180%, 04/25/2021 9,529,512 288,333
       Series K015, Class X1 IO,
              1.591%, 07/25/2021 9,302,339 409,491
       Series K018, Class X1 IO,
              1.367%, 01/25/2022 3,535,005 145,643
       Series K021, Class A2,
              2.396%, 06/25/2022 1,000,000 981,664
       Series K021, Class X1 IO,
              1.462%, 06/25/2022 12,293,237 620,511
       Series K022, Class X1 IO,
              1.249%, 07/25/2022 5,167,606 227,719
       Series K026, Class X1 IO,
              1.012%, 11/25/2022 10,630,419 402,457
       Series K705, Class X1 IO,
              1.703%, 09/25/2018 14,634,507 93,973
       Series K707, Class X1 IO,
              1.513%, 12/25/2018 10,729,493 67,838
       Series K710, Class X1 IO,
              1.731%, 05/25/2019 4,869,990 67,435
       Series KAIV, Class X1 IO,
              1.291%, 06/25/2021 30,518,186 945,673
       Series KS01, Class X1 IO,
              1.325%, 01/25/2023 6,826,904 296,275
       Series T-41, Class 3A,
              7.500%, 07/25/2032 (J) 65,959 68,843
Federal National Mortgage Association
       Series 2001-50, Class BA,
              7.000%, 10/25/2041 11,739 13,089
       Series 2010-15, Class KA,
              4.000%, 03/25/2039 340,496 344,794
       Series 2011-41, Class KA,
              4.000%, 01/25/2041 474,147 484,958
       Series 2011-86, Class NA,
              4.000%, 01/25/2041 811,090 822,529
       Series 2012-137, Class WI IO,
              3.500%, 12/25/2032 2,506,090 415,027

21



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

Shares or
Principal
            Amount       Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National
Mortgage Association (continued)
Series 2012-21, Class PA,
       2.000%, 03/25/2041 $ 3,592,117 $ 3,478,279
Series 2012-38, Class PA,
       2.000%, 09/25/2041 1,173,267 1,118,210
Series 2012-M5, Class X IO,
       0.543%, 02/25/2022 16,358,822 282,370
Series 2002-W3, Class A5,
       7.500%, 11/25/2041 85,759 98,539
Government National
Mortgage Association
Series 2008-90, Class IO,
       1.874%, 12/16/2050 2,685,284 496,793
Series 2010-147, Class SA IO,
       4.348%, 05/20/2040 2,173,966 196,716
Series 2010-85, Class SB IO,
       4.814%, 03/16/2040 2,259,144 273,882
Series 2012-114, Class IO,
       0.802%, 01/16/2053 875,252 45,298
Series 2012-120, Class IO,
       0.771%, 02/16/2053 9,810,317 426,861
Series 2012-70, Class IO,
       0.458%, 08/16/2052 6,086,990 121,971
Series 2015-41, Class IO,
       0.691%, 09/16/2056 11,225,942 613,630
Series 2016-142, Class IO,
       0.994%, 09/16/2058 2,061,861 159,765
Series 2016-162, Class IO,
       0.996%, 09/16/2058 4,571,107 350,745
Series 2016-174, Class IO,
       0.899%, 11/16/2056 2,918,075 221,339
Series 2016-87, Class IO,
       1.006%, 08/16/2058 2,883,077 219,472
Series 2016-94, Class IO,
       1.169%, 12/16/2057 4,712,695 389,392
Series 2017-109, Class IO,
       0.612%, 04/16/2057 3,554,547 210,527
Series 2017-124, Class IO,
       0.705%, 01/16/2059 4,422,304 301,602
Series 2017-135, Class IO,
       0.840%, 10/16/2058 2,865,490 208,112
Series 2017-140, Class IO,
       0.609%, 02/16/2059 2,575,856 172,222
Series 2017-159, Class IO,
       0.545%, 06/16/2059 3,296,691 193,999
Series 2017-169, Class IO,
       0.744%, 01/16/2060 5,260,116 361,777
Series 2017-20, Class IO,
       0.749%, 12/16/2058 5,595,025 359,356
Series 2017-22, Class IO,
       1.047%, 12/16/2057 1,966,049 176,691
Series 2017-3, Class IO,
       0.908%, 09/16/2058 5,190,448 373,421
Series 2017-41, Class IO,
       0.792%, 07/16/2058 2,006,815 140,633
Series 2017-46, Class IO,
       0.619%, 11/16/2057 4,182,075 258,304
Series 2017-61, Class IO,
       0.767%, 05/16/2059 2,530,985 199,792
20,914,557
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $84,160,205) $ 83,183,324
  
ASSET BACKED SECURITIES – 11.5%
AccessLex Institute
Series 2005-1, Class A4 (3 month
       LIBOR + 0.210%)
       2.498%, 06/22/2037 (B) 250,000 240,523
Series 2006-1, Class A3 (3 month
       LIBOR + 0.200%)
       2.144%, 08/25/2037 (B) 430,341 421,786
Ally Auto Receivables Trust
Series 2017-4, Class A4
       1.960%, 07/15/2022 435,000 426,272
Series 2018-1, Class A3
       2.310%, 06/15/2022 350,000 347,870
Ally Master Owner Trust
Series 2018-1, Class A2
       2.700%, 01/17/2023 1,210,000 1,202,240
American Express Credit Account Master
Trust
Series 2017-1, Class A
1.930%, 09/15/2022 1,340,000 1,321,932
Ameriquest Mortgage Securities, Inc.
Series 2005-R10, Class M1 (1 month
       LIBOR + 0.410%)
       2.282%, 01/25/2036 (B) 898,387 897,209
Amresco Residential Securities Corp.
Mortgage Loan Trust
Series 1998-1, Class A6
6.510%, 08/25/2027 (J) 626 652
Applebee’s Funding LLC
Series 2014-1, Class A2
4.277%, 09/05/2044 (C) 761,175 747,222
Arby’s Funding LLC
Series 2015-1A, Class A2
4.969%, 10/30/2045 (C) 532,738 530,948
ARL First LLC
Series 2012-1A, Class A2
3.810%, 12/15/2042 (C) 900,000 874,876
BA Credit Card Trust
Series 2016-A1, Class A (1 month
       LIBOR + 0.390%)
       2.167%, 10/15/2021 (B) 2,175,000 2,181,539
Series 2017-A1, Class A1
       1.950%, 08/15/2022 5,465,000 5,389,181
BMW Vehicle Owner Trust
Series 2016-A, Class A4
       1.370%, 12/27/2022 235,000 229,777
Series 2018-A, Class A3
       2.350%, 04/25/2022 580,000 576,020
Business Loan Express SBA Loan Trust
Series 2005-1A, Class A (1 month
LIBOR + 0.300%)
1.921%, 06/27/2033 (B)(C) 429,500 402,022
California Republic Auto Receivables
Trust
Series 2016-2, Class A4
1.830%, 12/15/2021 640,000 632,714
Capital One Multi-Asset Execution Trust
Series 2015-A8, Class A8
       2.050%, 08/15/2023 3,500,000 3,436,855
Series 2016-A7, Class A7 (1 month
       LIBOR + 0.510%)
       2.287%, 09/16/2024 (B) 3,123,000 3,142,657
Series 2017-A1, Class A1
       2.000%, 01/17/2023 1,490,000 1,470,192
CarMax Auto Owner Trust
Series 2016-1, Class A4
       1.880%, 06/15/2021 205,000 202,234

22



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

Shares or
Principal
      Amount       Value
ASSET BACKED SECURITIES (continued)
CarMax Auto Owner Trust (continued)
       Series 2016-2, Class A4
              1.680%, 09/15/2021 $ 235,000 $ 230,767
       Series 2018-1, Class A3
              2.480%, 11/15/2022 370,000 367,310
Centex Home Equity Loan Trust
       Series 2005-A, Class M4 (1 month
       LIBOR + 1.200%)
       2.821%, 01/25/2035 (B) 156,736 143,242
Chase Issuance Trust
       Series 2016-A3, Class A3 (1 month
       LIBOR + 0.550%)
       2.327%, 06/15/2023 (B) 4,500,000 4,544,597
Chrysler Capital Auto Receivables Trust
       Series 2016-BA, Class A4
       1.870%, 02/15/2022 (C) 345,000 340,116
Citibank Credit Card Issuance Trust
       Series 2016-A1, Class A1
              1.750%, 11/19/2021 1,430,000 1,409,079
       Series 2017-A3, Class A3
              1.920%, 04/07/2022 3,000,000 2,954,790
       Series 2017-A7, Class A7 (1 month
              LIBOR + 0.370%)
              2.081%, 08/08/2024 (B) 3,000,000 3,010,191
       Series 2018-A1, Class A1
              2.539%, 01/20/2023 1,335,000 1,323,801
CKE Restaurant Holdings, Inc.
       Series 2013-1A, Class A2
       4.474%, 03/20/2043 (C) 859,805 862,976
CNH Equipment Trust
       Series 2017-C, Class A3
       2.080%, 02/15/2023 390,000 384,466
Coinstar Funding LLC
       Series 2017-1A, Class A2
       5.216%, 04/25/2047 (C) 521,063 535,156
Conseco Finance Corp.
       Series 1996-10, Class M1
       7.240%, 11/15/2028 (J) 343,147 360,375
ContiMortgage Home Equity Loan Trust
       Series 1995-2, Class A5
       8.100%, 08/15/2025 7,323 4,845
Countrywide Asset-Backed Certificates
       Trust
       Series 2004-10, Class AF5B
       4.711%, 02/25/2035 97,976 97,567
Credit-Based Asset Servicing and
       Securitization LLC
       Series 2006-MH1, Class B1
       6.250%, 10/25/2036 (C) 2,560,000 2,587,454
Cronos Containers Program I, Ltd.
       Series 2013-1A, Class A
       3.080%, 04/18/2028 (C) 915,000 902,614
DB Master Finance LLC
       Series 2015-1A, Class A2II
              3.980%, 02/20/2045 (C) 548,050 552,785
       Series 2017-1A, Class A2I
              3.629%, 11/20/2047 (C) 164,588 163,849
       Series 2017-1A, Class A2II
              4.030%, 11/20/2047 (C) 189,525 190,986
Discover Card Execution Note Trust
       Series 2017-A6, Class A6
       1.880%, 02/15/2023 1,600,000 1,570,062
Domino’s Pizza Master Issuer LLC
       Series 2017-1A, Class A23
              4.118%, 07/25/2047 (C) 616,900 623,526
       Series 2017-1A, Class A2II
              3.082%, 07/25/2047 (C) 995,000 974,035
Driven Brands Funding LLC
       Series 2015-1A, Class A2
       5.216%, 07/20/2045 (C) 679,363 698,120
Equity One ABS, Inc.
       Series 2004-1, Class M2
              5.615%, 04/25/2034 104,168 102,362
       Series 2004-1, Class M3
              5.760%, 04/25/2034 278,798 267,786
Evergreen Credit Card Trust
       Series 2018-1, Class A
       2.950%, 03/15/2023 (C) 675,000 674,928
FOCUS Brands Funding LLC
       Series 2017-1A, Class A2I
       3.857%, 04/30/2047 (C) 198,500 199,469
Ford Credit Auto Owner Trust
       Series 2014-1, Class B
              2.410%, 11/15/2025 (C) 305,000 303,478
       Series 2016-B, Class A4
              1.520%, 08/15/2021 270,000 264,941
       Series 2016-C, Class A4
              1.400%, 02/15/2022 563,000 546,892
       Series 2017-B, Class A4
              1.870%, 09/15/2022 172,000 167,727
       Series 2017-C, Class A4
              2.160%, 03/15/2023 410,000 402,557
Ford Credit Floorplan Master Owner
       Trust
       Series 2017-2, Class A1
       2.160%, 09/15/2022 685,000 675,335
FRS I LLC
       Series 2013-1A, Class B
       3.960%, 04/15/2043 (C) 897,117 890,740
GM Financial Consumer Automobile
       Receivables Trust
       Series 2017-2A, Class A3
       1.860%, 12/16/2021 (C) 605,000 596,222
Goal Capital Funding Trust
       Series 2005-2, Class A4 (3 month
       LIBOR + 0.200%)
       2.144%, 08/25/2044 (B) 1,352,000 1,322,082
Golden Credit Card Trust
       Series 2018-1A, Class A
       2.620%, 01/15/2023 (C) 570,000 566,420
GSRPM Mortgage Loan Trust
       Series 2006-1, Class A1 (1 month
       LIBOR + 0.300%)
       2.172%, 03/25/2035 (B)(C) 536,479 532,522
Hertz Vehicle Financing II LP
       Series 2016-3A, Class A
       2.270%, 07/25/2020 (C) 430,000 426,268
Hilton Grand Vacations Trust
       Series 2017-AA, Class A
       2.660%, 12/26/2028 (C) 284,443 280,598
Honda Auto Receivables Owner Trust
       Series 2016-4, Class A4
              1.360%, 01/18/2023 405,000 395,124
       Series 2017-1, Class A3
              1.720%, 07/21/2021 895,000 885,000
       Series 2017-2, Class A4
              1.870%, 09/15/2023 185,000 180,362
       Series 2017-3, Class A4
              1.980%, 11/20/2023 225,000 220,929

23



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

Shares or
Principal
            Amount       Value
ASSET BACKED SECURITIES (continued)    
Huntington Auto Trust
Series 2016-1, Class A4
1.930%, 04/15/2022 $ 830,000 $ 818,514
Hyundai Auto Lease Securitization Trust
Series 2018-A, Class A3
2.810%, 04/15/2021 (C) 495,000 494,849
Hyundai Auto Receivables Trust
Series 2017-A, Class A3
1.760%, 08/16/2021 715,000 705,127
InSite Issuer LLC
Series 2016-1A, Class A
       2.883%, 11/15/2046 (C) 750,000 719,448
Series 2016-1A, Class B
       4.557%, 11/15/2046 (C) 500,000 492,444
John Deere Owner Trust
Series 2018-A, Class A3
2.660%, 04/18/2022 235,000 234,657
KeyCorp Student Loan Trust
Series 2004-A, Class 1A2 (3 month
LIBOR + 0.240%)
2.000%, 10/27/2042 (B) 270,773 265,469
Long Beach Mortgage Loan Trust
Series 2004-1, Class M3 (1 month
LIBOR + 1.050%)
2.922%, 02/25/2034 (B) 78,606 77,929
Miramax LLC
Series 2014-1A, Class A2
3.340%, 07/20/2026 (C) 262,680 261,741
MMAF Equipment Finance LLC
Series 2017-B, Class A3
2.210%, 10/17/2022 (C) 522,000 514,193
MVW Owner Trust
Series 2014-1A, Class A
       2.250%, 09/22/2031 (C) 109,467 107,354
Series 2015-1A, Class A
       2.520%, 12/20/2032 (C) 71,398 70,444
Nelnet Student Loan Trust
Series 2006-1, Class A3 (3 month
LIBOR + 0.450%)
2.370%, 08/23/2036 (B)(C) 305,000 299,309
NextGear Floorplan Master Owner Trust
Series 2018-1A, Class A2
3.220%, 02/15/2023 (C) 145,000 145,212
Nissan Auto Receivables Owner Trust
Series 2016-B, Class A4
       1.540%, 10/17/2022 150,000 146,633
Series 2017-A, Class A3
       1.740%, 08/16/2021 450,000 444,179
Series 2017-B, Class A4
       1.950%, 10/16/2023 500,000 488,489
NRZ Excess Spread-Collateralized Notes
Series 2018-PLS1, Class A
       3.193%, 01/25/2023 (C) 164,954 164,061
Series 2018-PLS2, Class A
       3.265%, 02/25/2023 (C) 307,994 307,189
Option One Mortgage Loan Trust
Series 2004-1, Class M1 (1 month
LIBOR + 0.900%)
2.772%, 01/25/2034 (B) 357,087 354,525
PFS Financing Corp.
Series 2018-B, Class A
2.890%, 02/15/2023 (C) 485,000 482,610
Renaissance Home Equity Loan Trust
Series 2005-2, Class AF4
4.934%, 08/25/2035 314,592 320,162
SoFi Professional Loan Program LLC
Series 2017-E, Class A2A
1.860%, 11/26/2040 (C) 333,725 330,184
Sonic Capital LLC
Series 2016-1A, Class A2
4.472%, 05/20/2046 (C) 99,326 101,232
SunTrust Student Loan Trust
Series 2006-1A, Class A4 (3 month
LIBOR + 0.190%)
1.950%, 10/28/2037 (B)(C) 1,335,954 1,319,534
Symphony CLO II, Ltd.
Series 2006-2A, Class B (3 month
LIBOR + 0.750%)
2.734%, 10/25/2020 (B)(C) 500,000 499,660
Taco Bell Funding LLC
Series 2016-1A, Class A2I
       3.832%, 05/25/2046 (C) 617,188 620,625
Series 2016-1A, Class A2II
       4.377%, 05/25/2046 (C) 691,250 708,421
TAL Advantage V LLC
Series 2014-1A, Class A
3.510%, 02/22/2039 (C) 529,542 527,960
Towd Point Mortgage Trust
Series 2015-1, Class A5
       3.570%, 10/25/2053 (C)(J) 170,000 174,920
Series 2015-2, Class 1M2
       3.570%, 11/25/2060 (C)(J) 310,000 323,755
Series 2015-6, Class M2
       3.750%, 04/25/2055 (C)(J) 1,000,000 1,010,205
Series 2016-5, Class A1
       2.500%, 10/25/2056 (C)(J) 403,651 397,887
Series 2017-1, Class A1
       2.750%, 10/25/2056 (C)(J) 222,748 220,275
Series 2017-2, Class A1
       2.750%, 04/25/2057 (C)(J) 176,679 175,394
Series 2018-1, Class A1
       3.000%, 01/25/2058 (C)(J) 294,748 293,176
Toyota Auto Receivables Owner Trust
Series 2016-C, Class A4
       1.320%, 11/15/2021 390,000 381,877
Series 2017-B, Class A3
       1.760%, 07/15/2021 845,000 834,424
Series 2017-C, Class A4
       1.980%, 12/15/2022 455,000 445,607
Series 2018-A, Class A3
       2.360%, 05/16/2022 450,000 446,872
Triton Container Finance V LLC
Series 2018-1A, Class A
3.950%, 03/20/2043 (C) 335,000 334,936
Vantage Data Centers Issuer LLC
Series 2018-1A, Class A2
4.072%, 02/16/2043 (C) 269,775 272,254
VB-S1 Issuer LLC
Series 2016-1A, Class D
       4.459%, 06/15/2046 (C) 500,000 499,648
Series 2016-1A, Class F
       6.901%, 06/15/2046 (C) 250,000 255,133
Verizon Owner Trust
Series 2016-1A, Class A
1.420%, 01/20/2021 (C) 1,500,000 1,486,529
Volvo Financial Equipment LLC
Series 2018-1A, Class A3
2.540%, 02/15/2022 (C) 630,000 627,251
VSE VOI Mortgage LLC
Series 2017-A, Class A
2.330%, 03/20/2035 (C) 364,621 355,502

24



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

  Shares or
  Principal
        Amount       Value
ASSET BACKED SECURITIES (continued)    
Wachovia Student Loan Trust
       Series 2006-1, Class B (3 month
       LIBOR + 0.240%)
       1.985%, 04/25/2040 (B)(C) $ 97,804 $ 93,408
Wendys Funding LLC
       Series 2015-1A, Class A2II
       4.080%, 06/15/2045 (C) 585,000 593,295
Westgate Resorts LLC
       Series 2014-1A, Class A
              2.150%, 12/20/2026 (C) 336,340 334,275
       Series 2014-1A, Class B
              3.250%, 12/20/2026 (C) 217,115 216,952
       Series 2015-1A, Class A
              2.750%, 05/20/2027 (C) 151,999 151,355
       Series 2015-2A, Class B
              4.000%, 07/20/2028 (C) 405,253 404,787
       Series 2016-1A, Class A
              3.500%, 12/20/2028 (C) 218,920 219,235
       Series 2017-1A, Class A
              3.050%, 12/20/2030 (C) 333,810 331,690
World Omni Auto Receivables Trust
       Series 2017-B, Class A3
              1.950%, 02/15/2023 215,000 210,685
       Series 2018-A, Class A3
              2.500%, 04/17/2023 585,000 581,861
TOTAL ASSET BACKED SECURITIES
(Cost $83,482,914) $ 83,104,514
         
PREFERRED SECURITIES – 0.2%
Consumer staples – 0.0%
Ocean Spray Cranberries, Inc.,
       6.250% (C) 2,216 200,271
Financials – 0.1%
GMAC Capital Trust I (3 month LIBOR
       + 5.785%), 7.624% (B) 12,857 334,025
Regions Financial Corp., 6.375% 4,358 111,042
Wells Fargo & Company, Series L,
       7.500% 55 70,950
516,017
Utilities – 0.1%
Dominion Energy, Inc., 6.750% 14,045 651,828
DTE Energy Company, 6.500% (D) 3,610 188,045
839,873
TOTAL PREFERRED SECURITIES (Cost $1,615,710) $ 1,556,161
         
SECURITIES LENDING COLLATERAL – 0.9%
John Hancock Collateral Trust,
       1.8276% (K)(L) 676,450 6,765,721
TOTAL SECURITIES LENDING COLLATERAL
(Cost $6,766,577) $ 6,765,721
     
SHORT-TERM INVESTMENTS – 10.0%
U.S. Government Agency – 0.7%
Federal Agricultural Mortgage Corp.
       Discount Note
       1.500%, 04/02/2018 * $ 333,000 332,986
Federal Home Loan Bank Discount Note
       1.200%, 04/02/2018 * 3,229,000 3,228,892
       1.400%, 04/02/2018 * 1,302,000 1,301,949
4,863,827
Money market funds – 9.3%
State Street Institutional
       U.S. Government Money Market
       Fund, Premier Class, 1.5812% (K) 66,944,106 66,944,106
Repurchase agreement – 0.0%
Barclays Tri-Party Repurchase
       Agreement dated 3-29-18 at 1.750%
       to be repurchased at $450,088 on
       4-2-18, collateralized by $467,600
       U.S. Treasury Notes, 1.875% due
       4-30-22 (valued at $459,154,
       including interest) $ 450,000 $ 450,000
TOTAL SHORT-TERM INVESTMENTS (Cost $72,257,933) $ 72,257,933
Total Investments (Active Bond Trust)
       (Cost $779,663,103) – 108.6% $ 783,116,692
Other assets and liabilities, net – (8.6%) (62,300,687 )
TOTAL NET ASSETS – 100.0% $ 720,816,005

Currency Abbreviations

ARS         Argentine Peso
BRL Brazilian Real
EUR Euro
GBP Pound Sterling
MXN Mexican Peso

Security Abbreviations and Legend

CMT         Constant Maturity Treasury
IO Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
ISDAFIX International Swaps and Derivatives Association Fixed Interest Rate Swap Rate
LIBOR London Interbank Offered Rate
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) Security purchased or sold on a when-issued or delayed delivery basis.
(B) Variable rate obligation. The coupon rate shown represents the rate at period end.
(C) 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. Rule 144A securities amounted to $130,881,248 or 18.2% of the fund’s net assets as of 3-31-18.
(D) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $6,612,971.
(E) Non-income producing security.
(F) Non-income producing - Issuer is in default.
(G) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(H) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(I) Term loans are variable rate obligations. The coupon rate shown represents the rate at period end.
(J) Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end.
(K) The rate shown is the annualized seven-day yield as of 3-31-18.
(L) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.
* 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.

25



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Alpha Opportunities Trust

Shares or
Principal
      Amount       Value
COMMON STOCKS – 90.8%
Consumer discretionary – 11.5%
Auto components – 0.1%
Aptiv PLC 1,875 $ 159,319
Automobiles – 1.3%
General Motors Company 31,772 1,154,594
Harley-Davidson, Inc. 8,040 344,755
1,499,349
Diversified consumer services – 0.1%
Estacio Participacoes SA 5,334 56,499
The Honest Company, Inc. (A)(B)(C) 3,841 48,627
105,126
Hotels, restaurants and leisure – 1.7%
Choice Hotels International, Inc. 9,735 780,260
Galaxy Entertainment Group, Ltd. 7,405 67,968
Hilton Worldwide Holdings, Inc. 6,409 504,773
McDonald’s Corp. 3,326 520,120
Melco Resorts &
       Entertainment, Ltd., ADR 2,747 79,608
Sands China, Ltd. 10,565 57,414
The Wendy’s Company 3,261 57,231
2,067,374
Household durables – 1.0%
NVR, Inc. (C) 361 1,010,800
Sony Corp. 2,644 130,086
1,140,886
Internet and direct marketing retail – 1.6%
Expedia Group, Inc. 12,320 1,360,251
Netflix, Inc. (C) 289 85,356
Wayfair, Inc., Class A (C) 5,683 383,773
Zalando SE (C) 850 46,383
1,875,763
Media – 0.1%
CyberAgent, Inc. 1,591 82,666
Multiline retail – 0.6%
Dollar Tree, Inc. (C) 6,764 641,904
Ollie’s Bargain Outlet Holdings, Inc. (C) 1,067 64,340
706,244
Specialty retail – 2.4%
CarMax, Inc. (C) 7,043 436,243
Floor & Decor Holdings, Inc.,
       Class A (C) 11,063 576,604
Jand, Inc., Class A (A)(B)(C) 3,495 54,931
The Home Depot, Inc. 4,414 786,751
The TJX Companies, Inc. 12,252 999,273
2,853,802
Textiles, apparel and luxury goods – 2.6%
Columbia Sportswear Company 955 72,991
Lululemon Athletica, Inc. (C) 1,108 98,745
Moncler SpA 2,008 76,421
NIKE, Inc., Class B 27,147 1,803,647
Skechers U.S.A., Inc., Class A (C) 1,933 75,174
Under Armour, Inc., Class A (C) 20,500 335,175
Under Armour, Inc., Class C (C) 44,435 637,642
3,099,795
13,590,324
Consumer staples – 5.0%
Beverages – 1.8%
Diageo PLC 25,862 874,645
PepsiCo, Inc. 4,846 528,941
The Coca-Cola Company 17,067 741,220
2,144,806
Food and staples retailing – 0.5%
Costco Wholesale Corp. 3,112 586,394
Food products – 0.3%
The Hershey Company 3,583 354,574
Household products – 0.7%
Colgate-Palmolive Company 10,352 742,031
Personal products – 1.1%
Coty, Inc., Class A 17,092 312,784
Pola Orbis Holdings, Inc. 2,980 124,228
Unilever NV 15,653 882,673
1,319,685
Tobacco – 0.6%
British American Tobacco PLC, ADR 12,505 721,413
5,868,903
Energy – 4.3%
Energy equipment and services – 0.8%
Halliburton Company 4,700 220,618
Schlumberger, Ltd. 10,936 708,434
929,052
Oil, gas and consumable fuels – 3.5%
Concho Resources, Inc. (C) 748 112,447
Diamondback Energy, Inc. (C) 914 115,639
Hess Corp. 16,754 848,087
HollyFrontier Corp. 2,377 116,140
Kinder Morgan, Inc. 43,154 649,899
Marathon Petroleum Corp. 1,581 115,587
Newfield Exploration Company (C) 47,621 1,162,905
Pioneer Natural Resources Company 355 60,982
Suncor Energy, Inc. 23,258 803,331
Valero Energy Corp. 1,137 105,479
WPX Energy, Inc. (C) 5,614 82,975
4,173,471
5,102,523
Financials – 18.4%
Banks – 6.9%
Bank of America Corp. 52,597 1,577,384
Citigroup, Inc. 9,636 650,430
Comerica, Inc. 1,112 106,674
First Citizens BancShares, Inc., Class A 592 244,638
First Republic Bank 4,609 426,839
JPMorgan Chase & Co. 8,319 914,840
M&T Bank Corp. 8,218 1,515,070
SVB Financial Group (C) 241 57,842
The PNC Financial Services Group, Inc. 12,635 1,910,917
Wells Fargo & Company 12,810 671,372
Western Alliance Bancorp (C) 1,252 72,754
8,148,760
Capital markets – 2.5%
B3 SA - Brasil Bolsa Balcao 5,783 46,752
BlackRock, Inc. 786 425,792
E*TRADE Financial Corp. (C) 1,732 95,970
FactSet Research Systems, Inc. 2,900 578,318
J2 Acquisition, Ltd. (C)(D) 27,000 255,643
Moody’s Corp. 1,483 239,208
Morgan Stanley 1,887 101,823
Noah Holdings, Ltd., ADR (C) 1,117 52,734
Ocelot Partners, Ltd. (B)(C)(D) 9,958 95,348
SBI Holdings, Inc. 3,298 77,490
TD Ameritrade Holding Corp. 13,734 813,465
The Charles Schwab Corp. 3,829 199,950
2,982,493

26



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Alpha Opportunities Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Consumer finance – 1.9%
American Express Company 16,693 $ 1,557,123
Credit Acceptance Corp. (C) 1,946 642,978
Green Dot Corp., Class A (C) 1,179 75,645
2,275,746
Diversified financial services – 0.6%
Berkshire Hathaway, Inc., Class B (C) 3,465 691,198
Insurance – 6.2%
Alleghany Corp. 488 299,847
American International Group, Inc. 10,112 550,295
Brighthouse Financial, Inc. (C) 971 49,909
Chubb, Ltd. 13,643 1,865,953
Fairfax Financial Holdings, Ltd. 926 469,393
Markel Corp. (C) 1,259 1,473,345
Marsh & McLennan Companies, Inc. 7,665 633,052
MetLife, Inc. 34,930 1,602,938
White Mountains Insurance Group, Ltd. 433 356,151
7,300,883
Thrifts and mortgage finance – 0.3%
MGIC Investment Corp. (C) 29,894 388,622
21,787,702
Health care – 9.9%
Biotechnology – 0.9%
Alnylam Pharmaceuticals, Inc. (C) 831 98,972
Bluebird Bio, Inc. (C) 462 78,887
Blueprint Medicines Corp. (C) 1,006 92,250
Exact Sciences Corp. (C) 14,643 590,552
Insmed, Inc. (C) 1,038 23,376
Neurocrine Biosciences, Inc. (C) 572 47,436
Vertex Pharmaceuticals, Inc. (C) 503 81,979
1,013,452
Health care equipment and supplies – 3.0%
Align Technology, Inc. (C) 2,015 506,027
Baxter International, Inc. 9,484 616,839
Edwards Lifesciences Corp. (C) 5,340 745,037
Insulet Corp. (C) 1,038 89,974
Medtronic PLC 20,593 1,651,970
3,609,847
Health care providers and services – 1.8%
Cardinal Health, Inc. 8,514 533,658
Laboratory Corp. of America
       Holdings (C) 3,754 607,210
McKesson Corp. 3,755 528,967
UnitedHealth Group, Inc. 1,908 408,312
2,078,147
Health care technology – 0.0%
Teladoc, Inc. (C) 1,557 62,747
Pharmaceuticals – 4.2%
Aerie Pharmaceuticals, Inc. (C) 1,601 86,854
Allergan PLC 4,564 768,076
Bristol-Myers Squibb Company 23,049 1,457,849
Eli Lilly & Company 9,854 762,404
Mylan NV (C) 30,047 1,237,035
Novartis AG, ADR 6,870 555,440
Sino Biopharmaceutical, Ltd. 39,988 79,472
4,947,130
11,711,323
Industrials – 13.0%
Aerospace and defense – 0.3%
Lockheed Martin Corp. 1,246 421,061
Air freight and logistics – 0.6%
United Parcel Service, Inc., Class B 6,069 635,182
XPO Logistics, Inc. (C) 847 86,233
721,415
Airlines – 1.8%
Delta Air Lines, Inc. 20,738 1,136,650
JetBlue Airways Corp. (C) 46,834 951,667
2,088,317
Building products – 0.9%
Lennox International, Inc. 5,023 1,026,551
Commercial services and supplies – 1.2%
Cimpress NV (C) 1,256 194,303
Cintas Corp. 4,790 817,078
UniFirst Corp. 2,313 373,896
1,385,277
Industrial conglomerates – 0.5%
3M Company 2,750 603,680
Machinery – 2.2%
Allison Transmission Holdings, Inc. 6,996 273,264
Deere & Company 3,982 618,484
FANUC Corp. 515 132,537
Harmonic Drive Systems, Inc. 1,386 78,091
IDEX Corp. 6,615 942,704
PACCAR, Inc. 8,194 542,197
WEG SA 10,728 73,471
2,660,748
Professional services – 0.8%
CoStar Group, Inc. (C) 2,514 911,778
Road and rail – 4.4%
AMERCO 1,948 672,255
Canadian National Railway Company 18,427 1,346,751
CSX Corp. 10,968 611,027
Genesee & Wyoming, Inc., Class A (C) 11,162 790,158
Knight-Swift Transportation
       Holdings, Inc. 1,583 72,834
Rumo SA (C) 16,026 63,833
Union Pacific Corp. 12,549 1,686,962
5,243,820
Trading companies and distributors – 0.3%
Fastenal Company 6,634 362,150
15,424,797
Information technology – 17.7%
Communications equipment – 1.4%
Acacia Communications, Inc. (C) 13,519 519,941
Cisco Systems, Inc. 17,420 747,144
Motorola Solutions, Inc. 3,680 387,504
1,654,589
Electronic equipment, instruments and components – 0.4%
AAC Technologies Holdings, Inc. 2,286 41,890
Keysight Technologies, Inc. (C) 7,577 396,959
438,849
Internet software and services – 3.7%
58.com, Inc., ADR (C) 1,186 94,714
Alibaba Group Holding, Ltd., ADR (C) 681 124,991
Alphabet, Inc., Class C (C) 953 983,296
Autohome, Inc., ADR 558 47,955
Baozun, Inc., ADR (C) 1,761 80,795
Dropbox, Inc. (C) 7,263 210,514
eBay, Inc. (C) 1,827 73,518
Facebook, Inc., Class A (C) 6,753 1,079,062
GoDaddy, Inc., Class A (C) 1,187 72,906
Okta, Inc. (C) 2,227 88,746
Shopify, Inc., Class A (C) 4,751 591,927

27



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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 (C) 11,104 $ 550,980
Weibo Corp., ADR (C) 793 94,795
Yandex NV, Class A (C) 1,697 66,947
Zillow Group, Inc., Class C (C) 3,799 204,386
4,365,532
IT services – 3.2%
Accenture PLC, Class A 4,928 756,448
Automatic Data Processing, Inc. 642 72,854
Black Knight, Inc. (C) 10,722 505,006
FleetCor Technologies, Inc. (C) 2,959 599,198
GMO Payment Gateway, Inc. 1,101 108,687
PayPal Holdings, Inc. (C) 11,728 889,803
Square, Inc., Class A (C) 1,390 68,388
Visa, Inc., Class A 5,355 640,565
Worldpay, Inc., Class A (C) 1,056 86,845
3,727,794
Semiconductors and semiconductor equipment – 4.0%
ams AG 708 74,347
Analog Devices, Inc. 8,512 775,699
Applied Materials, Inc. 1,535 85,361
Broadcom, Ltd. 2,800 659,820
Intel Corp. 12,259 638,449
Lam Research Corp. 440 89,390
Microchip Technology, Inc. 5,324 486,401
Micron Technology, Inc. (C) 23,519 1,226,281
NVIDIA Corp. 3,143 727,887
4,763,635
Software – 5.0%
Adobe Systems, Inc. (C) 3,000 648,240
Atlassian Corp. PLC, Class A (C) 1,580 85,194
Birst, Inc. (B)(C) 46,072 8,754
DraftKings, Inc. (A)(B)(C) 124,937 178,660
ForeScout Technologies, Inc. (C) 200 6,488
Guidewire Software, Inc. (C) 8,866 716,639
HubSpot, Inc. (C) 639 69,204
Microsoft Corp. 9,910 904,486
Nintendo Company, Ltd. 465 206,587
Pegasystems, Inc. 1,531 92,855
salesforce.com, Inc. (C) 6,721 781,652
ServiceNow, Inc. (C) 4,092 677,021
Snap, Inc., Class A (C) 4,637 73,589
SS&C Technologies Holdings, Inc. 13,666 733,044
Workday, Inc., Class A (C) 5,378 683,598
Zendesk, Inc. (C) 1,473 70,513
5,936,524
20,886,923
Materials – 5.0%
Chemicals – 3.0%
CF Industries Holdings, Inc. 7,650 288,635
DowDuPont, Inc. 12,954 825,299
FMC Corp. 6,300 482,391
Praxair, Inc. 4,429 639,105
The Mosaic Company 14,700 356,916
The Sherwin-Williams Company 1,352 530,146
Westlake Chemical Corp. 3,354 372,797
3,495,289
Construction materials – 0.3%
Vulcan Materials Company 3,297 376,418
Containers and packaging – 1.1%
Ball Corp. 9,088 360,884
Packaging Corp. of America 5,630 634,501
Silgan Holdings, Inc. 10,361 288,554
1,283,939
Metals and mining – 0.4%
Alcoa Corp. (C) 11,234 505,081
Paper and forest products – 0.2%
Domtar Corp. 6,550 278,637
5,939,364
Real estate – 2.4%
Equity real estate investment trusts – 2.3%
American Tower Corp. 7,888 1,146,442
Crown Castle International Corp. 843 92,401
Public Storage 7,471 1,497,114
2,735,957
Real estate management and development – 0.1%
WeWork Companies, Inc.,
       Class A (A)(B)(C) 929 48,131
2,784,088
Telecommunication services – 1.7%
Diversified telecommunication services – 1.7%
Verizon Communications, Inc. 41,420 1,980,704
Utilities – 1.9%
Electric utilities – 1.1%
Edison International 8,161 519,529
NextEra Energy, Inc. 4,479 731,555
1,251,084
Gas utilities – 0.3%
UGI Corp. 7,057 313,472
Multi-utilities – 0.5%
Sempra Energy 5,855 651,193
2,215,749
TOTAL COMMON STOCKS (Cost $97,007,997) $ 107,292,400
           
PREFERRED SECURITIES – 6.0%
Consumer discretionary – 0.9%
Diversified consumer services – 0.2%
The Honest Company, Inc. (A)(B)(C) 8,963 280,452
Internet and direct marketing retail – 0.6%
Coupang LLC (A)(B)(C) 143,460 708,692
Specialty retail – 0.1%
Jand, Inc., Series D (A)(B)(C) 7,805 122,671
1,111,815
Information technology – 4.1%
Internet software and services – 1.9%
Lookout, Inc., Series F (A)(B)(C) 25,174 215,993
Uber Technologies, Inc. (A)(B)(C) 59,603 1,965,045
2,181,038
Software – 2.2%
Essence Group Holdings Corp. (A)(B)(C) 203,629 411,331
MarkLogic Corp., Series F (A)(B)(C) 30,839 330,594
Pinterest, Inc., Series G (A)(B)(C) 162,095 1,227,059
Zuora, Inc., Series F (A)(B)(C) 99,899 684,308
2,653,292
4,834,330
Real estate – 1.0%
Real estate management and development – 1.0%
WeWork Companies, Inc.,
       Series D1 (A)(B)(C) 12,694 657,676

28



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Alpha Opportunities Trust (continued)

Shares or
Principal
      Amount       Value
PREFERRED
SECURITIES (continued)
Real estate management and development (continued)
WeWork Companies, Inc.,
       Series D2 (A)(B)(C) 9,974 $ 516,753
1,174,429
TOTAL PREFERRED SECURITIES (Cost $4,591,814) $ 7,120,574
 
WARRANTS – 0.0%
J2 Acquisition, Ltd. (Expiration
       Date: 10-10-20; Strike Price:
       $11.50) (C) 27,000 13,230
Ocelot Partners, Ltd. (Expiration
       Date: 3-8-20; Strike Price:
       $11.50) (B)(C) 2 1
TOTAL WARRANTS (Cost $270) $ 13,231
 
SHORT-TERM INVESTMENTS – 3.1%
Repurchase agreement – 3.1%
Deutsche Bank Tri-Party Repurchase
       Agreement dated 3-29-18 at 1.810%
       to be repurchased at $3,700,744 on
       4-2-18, collateralized by $3,952,000
       Federal Home Loan Mortgage Corp.,
       1.620% due 9-2-21 (valued at
       $3,774,614, including interest) $ 3,700,000 3,700,000
TOTAL SHORT-TERM INVESTMENTS (Cost $3,700,000) $ 3,700,000
Total Investments (Alpha Opportunities Trust)
       (Cost $105,300,081) – 99.9% $ 118,126,205
Other assets and liabilities, net – 0.1% 125,297
TOTAL NET ASSETS – 100.0% $ 118,251,502

Security Abbreviations and Legend

ADR         American Depositary Receipt
(A) 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.
(B) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(C) Non-income producing security.
(D) 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.

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 63,727,396 $ 1,499,505,620
TOTAL INVESTMENT COMPANIES
(Cost $1,032,340,292) $ 1,499,505,620
Total Investments (American Asset
       Allocation Trust) (Cost $1,032,340,292) –
       100.0% $ 1,499,505,620
Other assets and liabilities, net – (0.0%) (84,202 )
TOTAL NET ASSETS – 100.0% $ 1,499,421,418

American Global Growth Trust

      Shares or      
Principal
Amount Value
INVESTMENT COMPANIES – 100.0%
American Funds Insurance Series – 100.0%
American Global Growth Fund – Class 1 7,427,298 $ 233,068,600
TOTAL INVESTMENT COMPANIES
(Cost $194,353,004) $ 233,068,600
Total Investments (American Global Growth
       Trust) (Cost $194,353,004) – 100.0% $ 233,068,600
Other assets and liabilities, net – (0.0%) (705 )
TOTAL NET ASSETS – 100.0% $ 233,067,895

American Growth Trust

      Shares or      
Principal
Amount Value
INVESTMENT COMPANIES – 100.0%
American Funds Insurance Series – 100.0%
American Growth Fund – Class 1 11,168,012 $ 893,999,359
TOTAL INVESTMENT COMPANIES
(Cost $706,348,149) $ 893,999,359
Total Investments (American Growth Trust)
       (Cost $706,348,149) – 100.0% $ 893,999,359
Other assets and liabilities, net –- (0.0%) (52,462 )
TOTAL NET ASSETS – 100.0% $ 893,946,897

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 20,755,760 $ 1,059,996,639
TOTAL INVESTMENT COMPANIES
(Cost $874,490,068) $ 1,059,996,639
Total Investments (American
       Growth-Income Trust) (Cost $874,490,068)
       – 100.0% $ 1,059,996,639
Other assets and liabilities, net – (0.0%) (67,321 )
TOTAL NET ASSETS – 100.0% $ 1,059,929,318

American International Trust

      Shares or      
Principal
Amount Value
INVESTMENT COMPANIES – 100.0%
American Funds Insurance Series – 100.0%
American International Fund – Class 1 24,788,203 $ 541,870,123
TOTAL INVESTMENT COMPANIES
(Cost $436,527,420) $ 541,870,123
Total Investments (American International
       Trust) (Cost $436,527,420) – 100.0% $ 541,870,123
Other assets and liabilities, net – (0.0%) (36,942 )
TOTAL NET ASSETS – 100.0% $ 541,833,181

Blue Chip Growth Trust

      Shares or      
Principal
Amount Value
COMMON STOCKS – 99.5%
Consumer discretionary – 22.3%
Auto components – 0.2%
Aptiv PLC 44,700 $ 3,798,159
Automobiles – 0.6%
Ferrari NV (A) 29,900 3,603,548

29



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Blue Chip Growth Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Automobiles (continued)
Tesla, Inc. (A)(B) 29,682 $ 7,899,271
11,502,819
Hotels, restaurants and leisure – 3.4%
Hilton Worldwide Holdings, Inc. 58,374 4,597,536
Marriott International, Inc., Class A 145,353 19,765,101
McDonald’s Corp. 27,300 4,269,174
Norwegian Cruise Line
       Holdings, Ltd. (B) 63,500 3,363,595
Royal Caribbean Cruises, Ltd. 83,900 9,878,386
Wynn Resorts, Ltd. 26,535 4,838,923
Yum! Brands, Inc. 164,100 13,969,833
60,682,548
Internet and direct marketing retail – 15.7%
Amazon.com, Inc. (B) 123,728 179,076,484
Booking Holdings, Inc. (B) 37,116 77,215,755
Ctrip.com International, Ltd., ADR (B) 39,840 1,857,341
Netflix, Inc. (B) 83,138 24,554,808
282,704,388
Multiline retail – 0.7%
Dollar General Corp. 125,100 11,703,105
Specialty retail – 1.6%
Lowe’s Companies, Inc. 1,900 166,725
O’Reilly Automotive, Inc. (B) 859 212,499
Ross Stores, Inc. 179,800 14,020,804
The Home Depot, Inc. 83,776 14,932,234
The TJX Companies, Inc. 1,900 154,964
Ulta Beauty, Inc. (B) 500 102,135
29,589,361
Textiles, apparel and luxury goods – 0.1%
Tapestry, Inc. 23,600 1,241,596
401,221,976
Consumer staples – 0.4%
Beverages – 0.2%
Constellation Brands, Inc., Class A 13,200 3,008,544
Monster Beverage Corp. (B) 9,000 514,890
3,523,434
Food and staples retailing – 0.1%
Costco Wholesale Corp. 3,100 584,133
Tobacco – 0.1%
Philip Morris International, Inc. 22,000 2,186,800
6,294,367
Financials – 9.4%
Banks – 0.9%
Citigroup, Inc. 18,800 1,269,000
JPMorgan Chase & Co. 145,000 15,945,650
17,214,650
Capital markets – 7.1%
Ameriprise Financial, Inc. 16,651 2,463,349
Intercontinental Exchange, Inc. 249,453 18,090,332
Morgan Stanley 761,870 41,110,505
Northern Trust Corp. 3,500 360,955
Raymond James Financial, Inc. 3,900 348,699
S&P Global, Inc. 42,758 8,169,343
State Street Corp. 151,912 15,150,184
TD Ameritrade Holding Corp. 555,113 32,879,343
The Bank of New York Mellon Corp. 26,700 1,375,851
The Charles Schwab Corp. 140,400 7,331,688
127,280,249
Insurance – 1.4%
American International Group, Inc. 36,200 1,970,004
Chubb, Ltd. 12,300 1,682,271
Marsh & McLennan Companies, Inc. 44,100 3,642,219
The Progressive Corp. 83,600 5,093,748
Willis Towers Watson PLC 85,818 13,060,641
25,448,883
169,943,782
Health care – 15.5%
Biotechnology – 3.2%
Alexion Pharmaceuticals, Inc. (B) 153,605 17,120,813
Biogen, Inc. (B) 26,792 7,336,185
Celgene Corp. (B) 5,167 460,948
Incyte Corp. (B) 13,600 1,133,288
Regeneron Pharmaceuticals, Inc. (B) 800 275,488
Vertex Pharmaceuticals, Inc. (B) 194,300 31,667,014
57,993,736
Health care equipment and supplies – 5.7%
Abbott Laboratories 9,300 557,256
Becton, Dickinson and Company 134,046 29,047,768
Danaher Corp. 212,799 20,835,150
Intuitive Surgical, Inc. (B) 59,921 24,737,186
Stryker Corp. 176,640 28,424,909
103,602,269
Health care providers and services – 5.3%
Aetna, Inc. 25,484 4,306,796
Anthem, Inc. 74,534 16,375,120
Cigna Corp. 96,600 16,203,684
Humana, Inc. 44,200 11,882,286
UnitedHealth Group, Inc. 216,990 46,435,860
95,203,746
Life sciences tools and services – 1.2%
Agilent Technologies, Inc. 12,400 829,560
Illumina, Inc. (B) 2,772 655,356
Thermo Fisher Scientific, Inc. 96,637 19,951,675
21,436,591
Pharmaceuticals – 0.1%
Merck & Company, Inc. 3,400 185,198
Zoetis, Inc. 17,800 1,486,478
1,671,676
279,908,018
Industrials – 9.3%
Aerospace and defense – 4.2%
General Dynamics Corp. 4,100 905,690
Harris Corp. 35,900 5,789,952
Northrop Grumman Corp. 24,400 8,518,528
Raytheon Company 1,400 302,148
Textron, Inc. 3,400 200,498
The Boeing Company 180,543 59,196,439
74,913,255
Air freight and logistics – 0.0%
FedEx Corp. 1,900 456,209
Airlines – 2.2%
Alaska Air Group, Inc. 65,800 4,076,968
American Airlines Group, Inc. 527,523 27,410,095
Delta Air Lines, Inc. 122,900 6,736,149
United Continental Holdings, Inc. (B) 33,100 2,299,457
40,522,669
Commercial services and supplies – 0.2%
Cintas Corp. 17,400 2,968,092
Industrial conglomerates – 1.4%
Honeywell International, Inc. 89,476 12,930,177

30



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Blue Chip Growth Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Industrial conglomerates (continued)
Roper Technologies, Inc. 41,400 $ 11,620,566
24,550,743
Machinery – 0.8%
Fortive Corp. 124,561 9,655,969
Stanley Black & Decker, Inc. 36,200 5,545,840
15,201,809
Professional services – 0.2%
CoStar Group, Inc. (B) 8,558 3,103,815
IHS Markit, Ltd. (B) 5,447 262,763
3,366,578
Road and rail – 0.3%
Canadian Pacific Railway, Ltd. 20,000 3,530,000
CSX Corp. 42,900 2,389,959
Union Pacific Corp. 3,700 497,391
6,417,350
168,396,705
Information technology – 41.2%
Electronic equipment, instruments and components – 0.0%
Corning, Inc. 10,900 303,892
Internet software and services – 16.1%
Alibaba Group Holding, Ltd.,
       ADR (A)(B) 363,361 66,691,278
Alphabet, Inc., Class A (B) 30,066 31,182,651
Alphabet, Inc., Class C (B) 69,898 72,120,057
Facebook, Inc., Class A (B) 507,713 81,127,460
Tencent Holdings, Ltd. 724,900 38,912,297
290,033,743
IT services – 10.2%
Fidelity National Information
       Services, Inc. 83,800 8,069,940
Fiserv, Inc. (B) 225,440 16,076,126
FleetCor Technologies, Inc. (B) 33,400 6,763,500
Global Payments, Inc. 141,664 15,798,369
Mastercard, Inc., Class A 295,189 51,705,305
PayPal Holdings, Inc. (B) 294,943 22,377,325
Visa, Inc., Class A 484,819 57,994,049
Worldpay, Inc., Class A (B) 72,850 5,991,184
184,775,798
Semiconductors and semiconductor equipment – 2.1%
ASML Holding NV 9,200 1,826,752
Broadcom, Ltd. 58,845 13,866,828
Lam Research Corp. 5,400 1,097,064
Maxim Integrated Products, Inc. 83,600 5,034,392
Microchip Technology, Inc. (A) 60,500 5,527,280
Texas Instruments, Inc. 93,007 9,662,497
37,014,813
Software – 12.0%
Activision Blizzard, Inc. 53,700 3,622,602
Electronic Arts, Inc. (B) 86,000 10,426,640
Intuit, Inc. 117,165 20,310,553
Microsoft Corp. 907,813 82,856,093
Red Hat, Inc. (B) 117,524 17,571,013
salesforce.com, Inc. (B) 311,100 36,180,930
ServiceNow, Inc. (B) 189,359 31,329,447
Symantec Corp. 62,700 1,620,795
VMware, Inc., Class A (B) 7,024 851,800
Workday, Inc., Class A (B) 94,700 12,037,317
216,807,190
Technology hardware, storage and peripherals – 0.8%
Apple, Inc. 85,000 14,261,300
743,196,736
Materials – 0.5%
Chemicals – 0.5%
DowDuPont, Inc. 27,823 1,772,603
The Sherwin-Williams Company 17,600 6,901,312
8,673,915
Containers and packaging – 0.0%
Ball Corp. 21,962 872,111
9,546,026
Real estate – 0.5%
Equity real estate investment trusts – 0.5%
American Tower Corp. 54,915 7,981,346
Equinix, Inc. 721 301,479
8,282,825
Utilities – 0.4%
Electric utilities – 0.2%
NextEra Energy, Inc. 18,500 3,021,605
Multi-utilities – 0.2%
Sempra Energy 31,331 3,484,634
6,506,239
TOTAL COMMON STOCKS (Cost $961,417,838) $ 1,793,296,674
 
SECURITIES LENDING COLLATERAL – 2.8%
John Hancock Collateral Trust,
       1.8276% (C)(D) 4,998,046 49,989,455
TOTAL SECURITIES LENDING COLLATERAL
(Cost $49,991,750) $ 49,989,455
 
SHORT-TERM INVESTMENTS – 0.3%
Money market funds – 0.3%
State Street Institutional U.S. Government
       Money Market Fund, Premier Class,
       1.5812% (C) 2,379,506 2,379,506
T. Rowe Price Government Money Fund,
       1.8418% (C) 2,717,971 2,717,971
5,097,477
TOTAL SHORT-TERM INVESTMENTS (Cost $5,097,477) $ 5,097,477
Total Investments (Blue Chip Growth Trust)
       (Cost $1,016,507,065) – 102.6% $ 1,848,383,606
Other assets and liabilities, net – (2.6%) (46,397,446 )
TOTAL NET ASSETS – 100.0% $ 1,801,986,160

Security Abbreviations and Legend

ADR         American Depositary Receipt
(A) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $49,109,584.
(B) Non-income producing security.
(C) The rate shown is the annualized seven-day yield as of 3-31-18.
(D) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

Bond Trust

Shares or
Principal
      Amount       Value
U.S. GOVERNMENT AND AGENCY
OBLIGATIONS – 38.5%
U.S. Government – 16.3%
U.S. Treasury Bonds
       2.750%, 11/15/2042 to 11/15/2047 $ 590,594,000 $ 566,013,860
       3.000%, 02/15/2047 257,195,000 258,005,493
       3.125%, 11/15/2041 42,755,000 44,086,017

31



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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 (continued)
U.S. Treasury Inflation Protected
       Securities
       0.375%, 07/15/2025 $ 32,767,229 $ 32,325,708
U.S. Treasury Notes
       1.750%, 01/31/2023 30,990,000 29,844,127
       2.750%, 02/15/2028 545,552,000 545,418,482
1,475,693,687
U.S. Government Agency – 22.2%
Federal Home Loan Mortgage Corp.
       2.375%, 01/13/2022 12,500,000 12,407,638
       3.000%, 02/01/2043 to 12/01/2046 206,576,886 202,547,121
       3.500%, 01/01/2029 to 11/01/2047 247,418,471 249,748,478
       4.000%, 09/01/2041 to 11/01/2043 41,695,226 43,280,255
       4.500%, 08/01/2040 to 10/01/2041 53,387,532 56,409,376
       5.000%, 09/01/2040 to 03/01/2041 12,088,843 13,063,535
       5.500%, 05/01/2039 3,388,401 3,714,649
Federal National Mortgage Association
       2.625%, 09/06/2024 8,300,000 8,223,109
       3.000%, 09/01/2027 to 10/01/2047 185,851,809 182,430,344
       3.500%, 02/01/2026 to 11/01/2047 459,926,006 464,996,566
       4.000%, 05/01/2025 to 06/01/2044 401,022,305 415,837,396
       4.500%, 01/01/2027 to 05/01/2042 212,470,121 224,471,200
       5.000%, 02/01/2033 to 12/01/2041 82,834,914 89,518,740
       5.500%, 10/01/2035 to 03/01/2041 20,193,910 22,134,959
       6.500%, 01/01/2039 7,559,862 8,523,921
Government National
       Mortgage Association
       3.500%, 04/20/2046 10,894,433 11,033,445
       4.000%, 10/15/2039 to 11/15/2041 9,225,610 9,572,326
2,017,913,058
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS
(Cost $3,537,674,487) $ 3,493,606,745
 
CORPORATE BONDS – 40.4%
Consumer discretionary – 4.2%
Amazon.com, Inc.
       3.150%, 08/22/2027 (A) 22,400,000 21,597,333
       4.050%, 08/22/2047 (A) 22,065,000 21,902,979
BMW US Capital LLC
       2.150%, 04/06/2020 (A) 13,545,000 13,345,216
Booking Holdings, Inc.
       2.750%, 03/15/2023 9,495,000 9,159,649
CBS Corp.
       3.375%, 03/01/2022 4,495,000 4,474,320
       3.700%, 08/15/2024 7,165,000 7,117,288
Charter Communications Operating LLC
       4.200%, 03/15/2028 19,442,000 18,597,453
       6.484%, 10/23/2045 20,563,000 22,538,450
Daimler Finance North America LLC
       2.200%, 05/05/2020 (A) 8,350,000 8,193,569
Expedia Group, Inc.
       3.800%, 02/15/2028 19,580,000 18,184,762
       5.000%, 02/15/2026 23,905,000 24,650,954
Ford Motor Company
       4.750%, 01/15/2043 7,336,000 6,679,520
Ford Motor Credit Company LLC
       3.336%, 03/18/2021 8,760,000 8,705,088
       5.875%, 08/02/2021 32,919,000 35,119,449
General Motors Company
       4.875%, 10/02/2023 17,272,000 18,017,237
General Motors Financial Company, Inc.
       4.000%, 01/15/2025 18,400,000 18,131,734
       4.300%, 07/13/2025 15,119,000 15,132,535
Lear Corp.
       5.250%, 01/15/2025 9,687,000 10,234,047
Macy’s Retail Holdings, Inc.
       3.625%, 06/01/2024 (B) 4,515,000 4,340,741
Myriad International Holdings BV
       4.850%, 07/06/2027 (A) 3,610,000 3,677,781
       5.500%, 07/21/2025 (A) 8,425,000 8,933,112
QVC, Inc.
       4.375%, 03/15/2023 12,280,000 12,286,262
       5.125%, 07/02/2022 9,060,000 9,342,028
       5.450%, 08/15/2034 11,775,000 11,334,323
Time Warner Cable LLC
       8.250%, 04/01/2019 15,105,000 15,850,965
Time Warner, Inc.
       3.800%, 02/15/2027 9,390,000 9,072,636
Viacom, Inc.
       4.375%, 03/15/2043 7,524,000 6,731,556
       5.850%, 09/01/2043 17,267,000 18,787,347
382,138,334
Consumer staples – 1.7%
Alimentation Couche-Tard, Inc.
       2.700%, 07/26/2022 (A) 7,920,000 7,676,126
Anheuser-Busch InBev Finance, Inc.
       4.900%, 02/01/2046 30,160,000 32,472,205
Anheuser-Busch InBev Worldwide, Inc.
       4.600%, 04/15/2048 9,755,000 10,072,530
Bunge, Ltd. Finance Corp.
       8.500%, 06/15/2019 9,923,000 10,542,500
CVS Health Corp.
       3.350%, 03/09/2021 23,792,000 23,917,345
       5.050%, 03/25/2048 22,206,000 23,308,718
Kraft Heinz Foods Company
       4.875%, 02/15/2025 (A) 8,105,000 8,449,076
       5.200%, 07/15/2045 5,509,000 5,589,945
Molson Coors Brewing Company
       1.450%, 07/15/2019 12,018,000 11,795,237
       3.000%, 07/15/2026 8,243,000 7,614,747
Mondelez International Holdings
       Netherlands BV
       1.625%, 10/28/2019 (A) 13,955,000 13,666,224
155,104,653
Energy – 3.8%
Anadarko Petroleum Corp.
       8.700%, 03/15/2019 14,675,000 15,439,168
Andeavor Logistics LP
       4.250%, 12/01/2027 5,555,000 5,411,749
Boardwalk Pipelines LP
       4.450%, 07/15/2027 6,678,000 6,488,227
Colorado Interstate Gas Company LLC
       4.150%, 08/15/2026 (A) 7,627,000 7,458,177
Columbia Pipeline Group, Inc.
       4.500%, 06/01/2025 17,965,000 18,122,581
Enbridge Energy Partners LP
       4.375%, 10/15/2020 13,552,000 13,850,428
Enbridge, Inc. (6.250% to 3-1-28, then 3
       month LIBOR + 3.641%) 03/01/2078 8,820,000 8,724,234
Energy Transfer Partners LP
       2.500%, 06/15/2018 7,425,000 7,426,340
       4.200%, 04/15/2027 (B) 4,472,000 4,314,424
       5.150%, 03/15/2045 12,840,000 11,715,940
       9.700%, 03/15/2019 10,360,000 10,987,638
EnLink Midstream Partners LP
       4.850%, 07/15/2026 10,798,000 10,903,215

32



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Bond Trust (continued)

Shares or
Principal
      Amount       Value
CORPORATE BONDS (continued)
Energy (continued)
Enterprise Products Operating LLC
       6.500%, 01/31/2019 $ 16,515,000 $ 16,990,800
       6.650%, 04/15/2018 6,845,000 6,852,706
Enterprise Products Operating LLC (3
       month LIBOR + 3.708%) 5.481%,
       08/01/2066 (C) 10,930,000 10,957,968
Enterprise Products Operating LLC
       (5.250% to 8-16-27, then 3 month
       LIBOR + 3.033%) 08/16/2077 17,765,000 17,276,463
Kinder Morgan Energy Partners LP
       7.750%, 03/15/2032 7,325,000 9,158,739
Lukoil International Finance BV
       3.416%, 04/24/2018 (A) 18,780,000 18,780,000
MPLX LP
       4.000%, 03/15/2028 10,750,000 10,592,287
Northwest Pipeline LLC
       6.050%, 06/15/2018 23,354,000 23,503,200
ONEOK Partners LP
       3.200%, 09/15/2018 10,580,000 10,619,515
       5.000%, 09/15/2023 5,575,000 5,878,452
Petroleos Mexicanos
       4.875%, 01/24/2022 11,060,000 11,335,394
       5.375%, 03/13/2022 2,835,000 2,941,313
Sabine Pass Liquefaction LLC
       4.200%, 03/15/2028 8,848,000 8,707,644
       5.000%, 03/15/2027 8,336,000 8,655,147
       5.750%, 05/15/2024 14,563,000 15,669,303
       5.875%, 06/30/2026 5,069,000 5,537,378
Sunoco Logistics Partners Operations LP
       3.900%, 07/15/2026 15,801,000 15,000,785
       4.400%, 04/01/2021 13,841,000 14,134,689
       5.400%, 10/01/2047 5,169,000 4,916,526
Williams Partners LP
       3.750%, 06/15/2027 11,955,000 11,421,759
349,772,189
Financials – 16.5%
ABN AMRO Bank NV
       2.100%, 01/18/2019 (A) 7,030,000 6,993,655
American Express Company
       2.500%, 08/01/2022 17,155,000 16,542,389
Aquarius & Investments PLC (6.375% to
       9-1-19, then 5 Year U.S. Swap Rate +
       5.210%) 09/01/2024 13,270,000 13,634,905
Ares Capital Corp.
       3.625%, 01/19/2022 9,957,000 9,817,846
Australia & New Zealand Banking
       Group, Ltd.
       2.125%, 08/19/2020 16,410,000 16,073,229
Australia & New Zealand Banking
       Group, Ltd. (6.750% to 6-15-26, then
       5 Year U.S. ISDAFIX + 5.168%)
       06/15/2026 (A)(B)(D) 5,540,000 5,886,250
AXA SA
       8.600%, 12/15/2030 4,490,000 6,106,400
Bank of America Corp.
       3.950%, 04/21/2025 14,380,000 14,245,616
       4.200%, 08/26/2024 6,250,000 6,336,310
       4.250%, 10/22/2026 6,343,000 6,383,471
       4.450%, 03/03/2026 19,315,000 19,719,577
Bank of Montreal
       2.100%, 12/12/2019 28,170,000 27,793,984
Banque Federative du Credit Mutuel SA
       2.200%, 07/20/2020 (A) 15,555,000 15,224,312
Barclays Bank PLC
       2.650%, 01/11/2021 24,610,000 24,300,985
       10.179%, 06/12/2021 (A) 17,215,000 20,203,393
Barclays PLC
       4.375%, 01/12/2026 11,935,000 11,947,377
BPCE SA
       4.500%, 03/15/2025 (A) 17,505,000 17,568,125
       5.700%, 10/22/2023 (A) 15,445,000 16,542,537
Branch Banking & Trust Company
       2.100%, 01/15/2020 23,890,000 23,549,208
Brighthouse Financial, Inc.
       3.700%, 06/22/2027 (A) 20,125,000 18,659,269
Canadian Imperial Bank of Commerce
       2.700%, 02/02/2021 26,345,000 26,068,264
Capital One Bank USA NA
       2.300%, 06/05/2019 24,797,000 24,625,136
Capital One Financial Corp.
       2.400%, 10/30/2020 7,490,000 7,340,643
       2.450%, 04/24/2019 9,940,000 9,894,890
       3.750%, 07/28/2026 18,020,000 17,147,811
       4.200%, 10/29/2025 13,552,000 13,420,572
Capital One NA
       2.350%, 08/17/2018 12,840,000 12,825,506
Citigroup, Inc.
       2.350%, 08/02/2021 15,485,000 15,032,644
       4.600%, 03/09/2026 20,499,000 21,014,631
Citizens Bank NA
       2.200%, 05/26/2020 14,580,000 14,274,514
Cooperatieve Rabobank UA (11.000% to
       6-30-19, then 3 month LIBOR +
       10.868%) 06/30/2019 (A)(D) 11,814,000 12,918,727
Credit Agricole SA (8.125% to 9-19-18,
       then 5 Year U.S. Swap Rate +
       6.283%) 09/19/2033 (A) 13,025,000 13,280,056
Credit Suisse AG
       2.300%, 05/28/2019 26,720,000 26,547,915
Discover Bank
       2.600%, 11/13/2018 18,510,000 18,504,051
       8.700%, 11/18/2019 16,975,000 18,378,082
Discover Financial Services
       3.950%, 11/06/2024 15,399,000 15,226,523
       4.100%, 02/09/2027 4,203,000 4,166,536
       5.200%, 04/27/2022 2,565,000 2,688,945
Doric Nimrod Air Alpha 2013-1 Class B
       Pass Through Trust
       6.125%, 11/30/2021 (A) 3,834,670 3,920,950
FS Investment Corp.
       4.000%, 07/15/2019 11,730,000 11,787,728
       4.250%, 01/15/2020 9,740,000 9,828,091
HBOS PLC
       6.750%, 05/21/2018 (A) 31,463,000 31,627,601
HSBC Holdings PLC (6.375% to
       9-17-24, then 5 Year U.S. ISDAFIX +
       3.705%) 09/17/2024 (D) 7,190,000 7,279,875
HSBC Holdings PLC (6.875% to 6-1-21,
       then 5 Year U.S. ISDAFIX + 5.514%)
       06/01/2021 (B)(D) 11,750,000 12,410,938
ING Bank NV
       5.800%, 09/25/2023 (A) 18,415,000 19,897,273
Jefferies Group LLC
       4.150%, 01/23/2030 12,590,000 11,728,099
       4.850%, 01/15/2027 14,403,000 14,719,769
       8.500%, 07/15/2019 20,994,000 22,433,337
JPMorgan Chase & Co.
       2.400%, 06/07/2021 20,130,000 19,660,545
       3.200%, 06/15/2026 13,615,000 13,052,948

33



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Bond Trust (continued)

Shares or
Principal
      Amount       Value
CORPORATE BONDS (continued)
Financials (continued)
JPMorgan Chase & Co. (6.750% to
       2-1-24, then 3 month LIBOR +
       3.780%) 02/01/2024 (D) $ 18,980,000 $ 20,707,180
Leucadia National Corp.
       5.500%, 10/18/2023 19,450,000 19,991,022
Lincoln National Corp.
       4.000%, 09/01/2023 4,000,000 4,084,644
Lloyds Banking Group PLC
       4.650%, 03/24/2026 31,040,000 31,135,384
M&T Bank Corp. (5.125% to 11-1-26,
       then 3 month LIBOR + 3.520%)
       11/01/2026 (B)(D) 11,685,000 11,655,788
Macquarie Bank, Ltd.
       4.875%, 06/10/2025 (A) 14,730,000 14,927,166
Manufacturers & Traders Trust Company
       (3 month LIBOR + 0.640%) 2.646%,
       12/01/2021 (C) 23,610,000 23,520,143
MetLife, Inc.
       6.400%, 12/15/2066 9,595,000 10,518,519
       9.250%, 04/08/2068 (A) 7,610,000 10,349,600
Morgan Stanley
       3.875%, 01/27/2026 12,575,000 12,556,715
       5.500%, 01/26/2020 15,440,000 16,112,979
       7.300%, 05/13/2019 27,030,000 28,321,582
Nippon Life Insurance Company
       (5.100% to 10-16-24, then 5 Year U.S.
       ISDAFIX + 3.650%) 10/16/2044 (A) 13,980,000 14,539,200
PNC Bank NA
       2.450%, 07/28/2022 19,035,000 18,429,437
       2.500%, 01/22/2021 21,785,000 21,463,328
Prudential Financial, Inc. (5.875% to
       9-15-22, then 3 month LIBOR +
       4.175%) 09/15/2042 22,563,000 23,747,558
Regions Financial Corp.
       2.750%, 08/14/2022 18,625,000 18,091,504
Santander Holdings USA, Inc.
       2.700%, 05/24/2019 1,670,000 1,665,786
       3.400%, 01/18/2023 9,125,000 8,917,266
       3.700%, 03/28/2022 15,941,000 15,970,194
Santander UK Group Holdings PLC
       4.750%, 09/15/2025 (A) 11,030,000 11,096,511
Standard Chartered PLC
       2.100%, 08/19/2019 (A) 23,915,000 23,568,231
Stifel Financial Corp.
       4.250%, 07/18/2024 11,940,000 11,989,735
Sumitomo Mitsui Trust Bank, Ltd.
       2.050%, 03/06/2019 (A) 18,935,000 18,789,612
SunTrust Bank
       2.450%, 08/01/2022 15,285,000 14,721,799
SunTrust Bank (2.590% to 1-29-20, then
       3 month LIBOR + 0.297%)
       01/29/2021 18,085,000 17,962,736
Teachers Insurance & Annuity
       Association of America
       4.270%, 05/15/2047 (A) 14,660,000 14,635,392
The Goldman Sachs Group, Inc.
       2.000%, 04/25/2019 8,990,000 8,910,202
       2.300%, 12/13/2019 30,020,000 29,696,054
       3.850%, 01/26/2027 23,410,000 23,100,429
The Hartford Financial Services
       Group, Inc. (8.125% to 6-15-18, then
       3 month LIBOR + 4.603%)
       06/15/2068 18,610,000 18,796,100
The PNC Financial Services Group, Inc.
       (4.850% to 6-1-23, then 3 month
       LIBOR + 3.040%) 06/01/2023 (D) 12,182,000 12,205,146
The PNC Financial Services Group, Inc.
       (6.750% to 8-1-21, then 3 month
       LIBOR + 3.678%) 08/01/2021 (D) 18,715,000 20,315,133
The Royal Bank of Scotland Group PLC
       3.875%, 09/12/2023 16,270,000 16,061,615
UBS AG
       2.375%, 08/14/2019 24,940,000 24,755,622
       2.450%, 12/01/2020 (A) 18,375,000 18,041,457
UBS Group Funding Switzerland AG
       (2.859% to 8-15-22, then 3 month
       LIBOR + 0.954%) 08/15/2023 (A) 18,475,000 17,853,047
US Bank NA
       2.000%, 01/24/2020 14,210,000 14,014,272
Wells Fargo & Company, Series K (3
       month LIBOR + 3.770%) 5.894%,
       06/15/2018 (C)(D) 12,598,000 12,778,655
Wells Fargo & Company, Series MTN
       4.650%, 11/04/2044 9,180,000 9,243,773
Wells Fargo & Company, Series U
       (5.875% to 6-15-25, then 3 month
       LIBOR + 3.990%) 06/15/2025 (D) 32,785,000 34,489,820
Wells Fargo Bank NA
       2.400%, 01/15/2020 27,130,000 26,903,502
Westpac Banking Corp.
       2.150%, 03/06/2020 23,573,000 23,214,667
1,499,079,943
Health care – 2.2%
AbbVie, Inc.
       3.600%, 05/14/2025 15,127,000 14,899,915
Allergan Funding SCS
       3.800%, 03/15/2025 13,147,000 12,913,841
AmerisourceBergen Corp.
       3.450%, 12/15/2027 17,400,000 16,543,635
Becton, Dickinson and Company
       2.133%, 06/06/2019 14,385,000 14,221,151
Cardinal Health, Inc.
       1.948%, 06/14/2019 12,180,000 12,047,042
Celgene Corp.
       2.875%, 08/15/2020 to 02/19/2021 17,760,000 17,660,769
Express Scripts Holding Company
       2.600%, 11/30/2020 17,655,000 17,335,379
Mylan NV
       2.500%, 06/07/2019 11,034,000 10,947,497
       3.950%, 06/15/2026 13,695,000 13,275,019
Shire Acquisitions Investments
       Ireland DAC
       1.900%, 09/23/2019 25,205,000 24,786,870
       3.200%, 09/23/2026 16,137,000 15,037,321
Universal Health Services, Inc.
       4.750%, 08/01/2022 (A) 8,705,000 8,841,192
       5.000%, 06/01/2026 (A) 10,538,000 10,590,690
Zimmer Biomet Holdings, Inc.
       3.550%, 04/01/2025 7,478,000 7,252,312
196,352,633
Industrials – 3.6%
AerCap Ireland Capital DAC
       4.625%, 10/30/2020 14,145,000 14,557,699
       5.000%, 10/01/2021 12,640,000 13,154,739
Air Canada 2013-1 Class A Pass
       Through Trust
       4.125%, 11/15/2026 (A) 6,166,277 6,219,307

34



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Bond Trust (continued)

Shares or
Principal
      Amount       Value
CORPORATE BONDS (continued)
Industrials (continued)
Air Canada 2017-1 Class B Pass
       Through Trust
       3.700%, 07/15/2027 (A) $ 6,495,000 $ 6,359,839
Air Lease Corp.
       3.375%, 01/15/2019 5,570,000 5,590,605
America West Airlines 2000-1 Pass
       Through Trust
       8.057%, 01/02/2022 1,112,463 1,226,301
American Airlines 2013-1 Class A Pass
       Through Trust
       4.000%, 01/15/2027 5,798,739 5,831,212
American Airlines 2013-2 Class A Pass
       Through Trust
       4.950%, 07/15/2024 10,942,868 11,380,583
American Airlines 2015-1 Class A Pass
       Through Trust
       3.375%, 11/01/2028 16,618,883 16,224,184
American Airlines 2016-1 Class A Pass
       Through Trust
       4.100%, 07/15/2029 10,183,092 10,207,532
American Airlines 2016-1 Class AA Pass
       Through Trust
       3.575%, 07/15/2029 13,109,836 12,962,219
American Airlines 2017-1 Class A Pass
       Through Trust
       4.000%, 08/15/2030 6,491,555 6,468,120
American Airlines 2017-1 Class AA Pass
       Through Trust
       3.650%, 08/15/2030 10,056,864 9,968,866
American Airlines 2017-2 Class A Pass
       Through Trust
       3.600%, 04/15/2031 5,715,000 5,627,574
British Airways 2013-1 Class A Pass
       Through Trust
       4.625%, 06/20/2024 (A) 21,950,045 22,784,146
British Airways 2013-1 Class B Pass
       Through Trust
       5.625%, 12/20/2021 (A) 3,678,219 3,781,945
British Airways 2018-1 Class AA Pass
       Through Trust
       3.800%, 03/20/2033 (A) 3,399,000 3,415,995
Continental Airlines 1999-1 Class A Pass
       Through Trust
       6.545%, 08/02/2020 1,276,508 1,307,655
Continental Airlines 2007-1 Class A Pass
       Through Trust
       5.983%, 10/19/2023 11,589,398 12,403,090
Delta Air Lines 2002-1 Class G-1 Pass
       Through Trust
       6.718%, 07/02/2024 1,681,317 1,820,362
Delta Air Lines 2010-1 Class A Pass
       Through Trust
       6.200%, 01/02/2020 1,258,644 1,275,157
Delta Air Lines 2011-1 Class A Pass
       Through Trust
       5.300%, 10/15/2020 4,373,006 4,453,470
Delta Air Lines, Inc.
       3.625%, 03/15/2022 16,125,000 16,100,655
Equifax, Inc.
       7.000%, 07/01/2037 2,625,000 3,217,524
General Electric Company (3 month
       LIBOR + 0.480%) 2.319%,
       08/15/2036 (C) 9,945,000 8,459,869
International Lease Finance Corp.
       5.875%, 04/01/2019 7,724,000 7,934,331
Lockheed Martin Corp.
       4.700%, 05/15/2046 12,770,000 13,833,592
Northwest Airlines 2007-1 Class A Pass
       Through Trust
       7.027%, 05/01/2021 838,159 882,749
Penske Truck Leasing Company LP
       2.875%, 07/17/2018 (A) 12,205,000 12,209,799
Rockwell Collins, Inc.
       1.950%, 07/15/2019 9,290,000 9,188,297
Textron, Inc.
       7.250%, 10/01/2019 7,700,000 8,181,912
United Airlines 2014-2 Class A Pass
       Through Trust
       3.750%, 03/03/2028 14,681,150 14,562,232
United Airlines 2014-2 Class B Pass
       Through Trust
       4.625%, 03/03/2024 7,265,659 7,360,113
United Airlines 2016-1 Class A Pass
       Through Trust
       3.450%, 01/07/2030 9,492,789 9,274,699
United Airlines 2016-1 Class B Pass
       Through Trust
       3.650%, 01/07/2026 9,080,000 8,894,632
US Airways 2010-1 Class A Pass
       Through Trust
       6.250%, 10/22/2024 2,788,659 3,007,290
US Airways 2012-1 Class A Pass
       Through Trust
       5.900%, 04/01/2026 8,914,907 9,628,100
Verisk Analytics, Inc.
       4.000%, 06/15/2025 18,370,000 18,477,781
328,234,175
Information technology – 3.5%
Activision Blizzard, Inc.
       3.400%, 09/15/2026 12,143,000 11,860,021
       6.125%, 09/15/2023 (A) 12,235,000 12,797,468
Autodesk, Inc.
       3.500%, 06/15/2027 12,526,000 11,949,202
Broadcom Corp.
       2.375%, 01/15/2020 17,225,000 16,982,894
       3.875%, 01/15/2027 (B) 20,189,000 19,616,982
CA, Inc.
       3.600%, 08/15/2022 12,085,000 12,188,259
Citrix Systems, Inc.
       4.500%, 12/01/2027 14,544,000 14,377,633
Dell International LLC
       3.480%, 06/01/2019 (A) 23,135,000 23,238,061
       6.020%, 06/15/2026 (A) 27,890,000 30,018,655
       8.350%, 07/15/2046 (A) 8,680,000 11,009,993
DXC Technology Company
       2.875%, 03/27/2020 13,955,000 13,875,673
eBay, Inc.
       2.150%, 06/05/2020 10,020,000 9,831,450
Electronic Arts, Inc.
       4.800%, 03/01/2026 18,900,000 20,232,205
Hewlett Packard Enterprise Company
       2.100%, 10/04/2019 (A) 15,609,000 15,401,940
Microsoft Corp.
       4.450%, 11/03/2045 18,355,000 20,283,542
Motorola Solutions, Inc.
       4.600%, 02/23/2028 8,600,000 8,650,847
NetApp, Inc.
       2.000%, 09/27/2019 12,645,000 12,448,061
Tech Data Corp.
       4.950%, 02/15/2027 20,359,000 20,353,316

35



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Bond Trust (continued)

Shares or
Principal
      Amount       Value
CORPORATE BONDS (continued)
Information technology (continued)
Telefonaktiebolaget LM Ericsson
       4.125%, 05/15/2022 $ 18,570,000 $ 18,431,341
VMware, Inc.
       2.950%, 08/21/2022 10,850,000 10,394,874
313,942,417
Materials – 0.6%
Anglo American Capital PLC
       4.750%, 04/10/2027 (A) 9,195,000 9,296,076
Braskem Finance, Ltd.
       7.000%, 05/07/2020 (A) 17,090,000 18,122,578
Braskem Netherlands Finance BV
       4.500%, 01/10/2028 (A) 11,360,000 11,057,824
Mexichem SAB de CV
       4.000%, 10/04/2027 (A) 6,135,000 5,828,250
The Sherwin-Williams Company
       2.250%, 05/15/2020 7,962,000 7,828,891
52,133,619
Real estate – 1.4%
American Homes 4 Rent LP
       4.250%, 02/15/2028 10,505,000 10,287,023
American Tower Corp.
       3.400%, 02/15/2019 12,115,000 12,157,598
       3.550%, 07/15/2027 16,680,000 15,813,131
       4.700%, 03/15/2022 11,995,000 12,514,743
Crown Castle Towers LLC
       4.883%, 08/15/2040 (A) 25,984,000 26,896,163
Omega Healthcare Investors, Inc.
       4.500%, 01/15/2025 10,710,000 10,466,169
       4.950%, 04/01/2024 10,275,000 10,483,326
       5.250%, 01/15/2026 6,280,000 6,372,425
Ventas Realty LP
       3.500%, 02/01/2025 13,405,000 13,045,645
Welltower, Inc.
       4.125%, 04/01/2019 11,080,000 11,211,281
129,247,504
Telecommunication services – 1.4%
AT&T, Inc.
       4.750%, 05/15/2046 14,595,000 14,151,393
       5.450%, 03/01/2047 26,080,000 27,636,078
CC Holdings GS V LLC
       3.849%, 04/15/2023 13,135,000 13,186,903
Sprint Spectrum Company LLC
       3.360%, 03/20/2023 (A) 8,491,875 8,438,801
Verizon Communications, Inc.
       4.400%, 11/01/2034 12,105,000 11,939,498
       4.672%, 03/15/2055 9,855,000 9,366,236
       4.862%, 08/21/2046 29,860,000 30,082,736
       5.012%, 08/21/2054 10,386,000 10,312,435
125,114,080
Utilities – 1.5%
Abengoa Transmision Sur SA
       6.875%, 04/30/2043 (A) 8,585,568 9,358,269
CenterPoint Energy, Inc.
       2.500%, 09/01/2022 7,760,000 7,517,924
Dominion Energy, Inc.
       2.579%, 07/01/2020 9,642,000 9,518,987
Electricite de France SA
       3.625%, 10/13/2025 (A) 9,375,000 9,374,087
Electricite de France SA (5.250% to
       1-29-23, then 10 Year U.S. Swap Rate
       + 3.709%) 01/29/2023 (A)(D) 19,320,000 19,358,640
Emera US Finance LP
       3.550%, 06/15/2026 6,192,000 5,909,711
Exelon Corp.
       5.150%, 12/01/2020 11,220,000 11,678,627
NextEra Energy Capital Holdings, Inc.
       2.300%, 04/01/2019 7,740,000 7,698,602
       2.400%, 09/15/2019 13,602,000 13,498,249
       3.550%, 05/01/2027 16,740,000 16,256,703
Southern California Edison Company
       (6.250% to 2-1-22, then 3 month
       LIBOR + 4.199%) 02/01/2022 (D) 8,285,000 8,802,813
Southern Power Company
       1.950%, 12/15/2019 15,825,000 15,546,473
134,519,085
TOTAL CORPORATE BONDS
(Cost $3,673,730,370) $ 3,665,638,632
   
CAPITAL PREFERRED SECURITIES – 0.1%  
Financials – 0.1%
State Street Corp. (3 month LIBOR +
       1.000%) 3.124%, 06/01/2077 (C) 10,606,000 9,599,491
TOTAL CAPITAL PREFERRED SECURITIES  
(Cost $8,434,455) $ 9,599,491
 
COLLATERALIZED MORTGAGE
OBLIGATIONS – 2.1%
Commercial and residential – 0.4%
BBCMS Mortgage Trust
       Series 2018-TALL, Class B (1 month
       LIBOR + 0.971%)
       2.748%, 03/15/2037 (A)(C) 10,611,000 10,584,791
CLNS Trust
       Series 2017-IKPR, Class C (1 month
       LIBOR + 1.100%)
       2.840%, 06/11/2032 (A)(C) 5,505,000 5,510,254
DBJPM Mortgage Trust
       Series 2016-C3, Class C
       3.494%, 09/10/2049 (E) 4,140,000 3,884,749
Galton Funding Mortgage Trust
       Series 2018-1, Class A43
       3.500%, 11/25/2057 (A)(E) 7,267,961 7,289,424
GS Mortgage Securities Trust
       Series 2014-NEW, Class C
       3.790%, 01/10/2031 (A) 5,175,000 5,199,233
MSDB Trust
       Series 2017-712F, Class C
       3.628%, 07/11/2039 (A)(E) 2,045,000 2,012,115
Wells Fargo Commercial Mortgage Trust
       Series 2014-LC18, Class A2
       2.954%, 12/15/2047 4,810,000 4,820,772
WFCG Commercial Mortgage Trust
       Series 2015-BXRP, Class D (1 month
       LIBOR + 2.571%)
       4.348%, 11/15/2029 (A)(C) 2,149,168 2,153,875
41,455,213
U.S. Government Agency – 1.7%
Federal Home Loan Mortgage Corp.
       Series 2016-DNA3, Class M2 (1
              month LIBOR + 2.000%),
              3.872%, 12/25/2028 (C) 5,210,000 5,305,125
       Series K017, Class X1 IO,
              1.346%, 12/25/2021 140,916,923 5,731,260
       Series K018, Class X1 IO,
              1.367%, 01/25/2022 109,093,385 4,494,658
       Series K021, Class X1 IO,
              1.462%, 06/25/2022 32,018,583 1,616,164

36



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Bond Trust (continued)

Shares or
Principal
      Amount       Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal Home Loan
       Mortgage Corp. (continued)
       Series K022, Class X1 IO,
              1.249%, 07/25/2022 $ 328,547,714 $ 14,477,981
       Series K026, Class X1 IO,
              1.012%, 11/25/2022 164,473,068 6,226,786
       Series K038, Class X1 IO,
              1.173%, 03/25/2024 242,825,680 13,825,644
       Series K048, Class X1 IO,
              0.253%, 06/25/2025 165,400,230 2,654,971
       Series K707, Class X1 IO,
              1.513%, 12/25/2018 114,850,867 726,156
       Series K709, Class X1 IO,
              1.503%, 03/25/2019 90,689,327 945,672
       Series K710, Class X1 IO,
              1.731%, 05/25/2019 120,682,362 1,671,089
       Series K711, Class X1 IO,
              1.681%, 07/25/2019 262,556,329 3,728,641
Government National
       Mortgage Association
       Series 2012-114, Class IO,
              0.802%, 01/16/2053 43,603,475 2,256,663
       Series 2016-142, Class IO,
              0.994%, 09/16/2058 50,334,814 3,900,223
       Series 2016-162, Class IO,
              0.996%, 09/16/2058 111,017,514 8,518,463
       Series 2016-174, Class IO,
              0.899%, 11/16/2056 71,181,860 5,399,222
       Series 2016-87, Class IO,
              1.006%, 08/16/2058 65,827,817 5,011,090
       Series 2017-109, Class IO,
              0.612%, 04/16/2057 88,819,123 5,260,526
       Series 2017-124, Class IO,
              0.705%, 01/16/2059 110,562,557 7,540,400
       Series 2017-135, Class IO,
              0.840%, 10/16/2058 71,746,493 5,210,733
       Series 2017-140, Class IO,
              0.609%, 02/16/2059 64,108,540 4,286,297
       Series 2017-159, Class IO,
              0.545%, 06/16/2059 82,790,213 4,871,923
       Series 2017-20, Class IO,
              0.749%, 12/16/2058 137,885,563 8,856,086
       Series 2017-22, Class IO,
              1.047%, 12/16/2057 48,915,296 4,396,071
       Series 2017-3, Class IO,
              0.908%, 09/16/2058 128,155,449 9,220,003
       Series 2017-41, Class IO,
              0.792%, 07/16/2058 96,450,701 6,759,063
       Series 2017-46, Class IO,
              0.619%, 11/16/2057 104,591,248 6,460,037
       Series 2017-61, Class IO,
              0.767%, 05/16/2059 62,670,367 4,947,099
154,298,046
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS    
(Cost $202,347,812) $ 195,753,259
 
ASSET BACKED SECURITIES – 17.6%  
AccessLex Institute
       Series 2005-1, Class A4 (3 month
              LIBOR + 0.210%)
              2.498%, 06/22/2037 (C) 6,050,000 5,820,664
       Series 2006-1, Class A3 (3 month
              LIBOR + 0.200%)
              2.144%, 08/25/2037 (C) 10,975,996 10,757,812
Ally Auto Receivables Trust
       Series 2015-1, Class A4
              1.750%, 05/15/2020 18,525,000 18,433,420
       Series 2017-3, Class A3
              1.740%, 09/15/2021 16,150,000 15,950,958
       Series 2017-4, Class A4
              1.960%, 07/15/2022 10,855,000 10,637,210
       Series 2018-1, Class A3
              2.310%, 06/15/2022 8,820,000 8,766,316
Ally Master Owner Trust
       Series 2018-1, Class A2
       2.700%, 01/17/2023 30,840,000 30,642,205
American Express Credit Account Master
       Trust
       Series 2017-1, Class A
       1.930%, 09/15/2022 33,165,000 32,717,810
BA Credit Card Trust
       Series 2017-A1, Class A1
       1.950%, 08/15/2022 43,335,000 42,733,792
BMW Vehicle Owner Trust
       Series 2016-A, Class A4
              1.370%, 12/27/2022 10,405,000 10,173,736
       Series 2018-A, Class A3
              2.350%, 04/25/2022 14,605,000 14,504,775
Cabela’s Credit Card Master Note Trust
       Series 2015-1A, Class A1
              2.260%, 03/15/2023 3,135,000 3,102,417
       Series 2016-1, Class A1
              1.780%, 06/15/2022 32,782,500 32,436,871
California Republic Auto
       Receivables Trust
       Series 2015-2, Class A4
              1.750%, 01/15/2021 17,694,410 17,593,697
       Series 2016-2, Class A4
              1.830%, 12/15/2021 15,925,000 15,743,700
Capital One Multi-Asset Execution Trust
       Series 2016-A3, Class A3
              1.340%, 04/15/2022 28,125,000 27,717,306
       Series 2017-A1, Class A1
              2.000%, 01/17/2023 37,430,000 36,932,406
       Series 2017-A4, Class A4
              1.990%, 07/17/2023 30,000 29,473
CarMax Auto Owner Trust
       Series 2015-2, Class A4
              1.800%, 03/15/2021 10,975,000 10,887,072
       Series 2016-1, Class A4
              1.880%, 06/15/2021 10,260,000 10,121,559
       Series 2016-2, Class A4
              1.680%, 09/15/2021 11,525,000 11,317,386
       Series 2018-1, Class A3
              2.480%, 11/15/2022 9,275,000 9,207,559
Chase Issuance Trust
       Series 2016-A2, Class A
              1.370%, 06/15/2021 24,205,000 23,862,778
       Series 2016-A5, Class A5
              1.270%, 07/15/2021 49,755,000 48,944,829
Chrysler Capital Auto Receivables Trust
       Series 2016-BA, Class A4
       1.870%, 02/15/2022 (A) 8,665,000 8,542,328
Citibank Credit Card Issuance Trust
       Series 2016-A1, Class A1
              1.750%, 11/19/2021 34,755,000 34,246,531
       Series 2017-A3, Class A3
              1.920%, 04/07/2022 14,790,000 14,567,113
       Series 2018-A1, Class A1
              2.539%, 01/20/2023 33,740,000 33,456,952

37



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Bond Trust (continued)

Shares or
Principal
      Amount       Value
ASSET BACKED SECURITIES (continued)  
CNH Equipment Trust
       Series 2016-B, Class A3
              1.630%, 08/15/2021 $ 9,000,000 $ 8,913,923
       Series 2017-C, Class A3
              2.080%, 02/15/2023 9,825,000 9,685,574
Coinstar Funding LLC
       Series 2017-1A, Class A2
       5.216%, 04/25/2047 (A) 12,947,163 13,297,343
DB Master Finance LLC
       Series 2015-1A, Class A2II
       3.980%, 02/20/2045 (A) 16,165,050 16,304,716
Discover Card Execution Note Trust
       Series 2017-A6, Class A6
       1.880%, 02/15/2023 40,130,000 39,379,108
Domino’s Pizza Master Issuer LLC
       Series 2017-1A, Class A23
       4.118%, 07/25/2047 (A) 19,681,100 19,892,475
Evergreen Credit Card Trust
       Series 2018-1, Class A
       2.950%, 03/15/2023 (A) 17,200,000 17,198,153
Five Guys Funding LLC
       Series 2017-1A, Class A2
       4.600%, 07/25/2047 (A) 8,319,150 8,456,182
Ford Credit Auto Owner Trust
       Series 2014-2, Class A
              2.310%, 04/15/2026 (A) 19,355,000 19,241,518
       Series 2015-1, Class A
              2.120%, 07/15/2026 (A) 31,588,000 31,214,693
       Series 2015-B, Class A4
              1.580%, 08/15/2020 13,810,000 13,731,438
       Series 2016-B, Class A4
              1.520%, 08/15/2021 6,335,000 6,216,291
       Series 2016-C, Class A4
              1.400%, 02/15/2022 13,945,000 13,546,011
       Series 2017-A, Class A3
              1.670%, 06/15/2021 8,925,000 8,828,775
       Series 2017-B, Class A4
              1.870%, 09/15/2022 4,295,000 4,188,298
       Series 2017-C, Class A4
              2.160%, 03/15/2023 10,280,000 10,093,389
Ford Credit Floorplan Master Owner
       Trust
       Series 2017-2, Class A1
       2.160%, 09/15/2022 17,000,000 16,760,144
GM Financial Consumer Automobile
       Receivables Trust
       Series 2017-2A, Class A3
              1.860%, 12/16/2021 (A) 15,075,000 14,856,272
       Series 2017-3A, Class A4
              2.130%, 03/16/2023 (A) 15,965,000 15,593,458
Goal Capital Funding Trust
       Series 2005-2, Class A4 (3 month
       LIBOR + 0.200%)
       2.144%, 08/25/2044 (C) 34,019,000 33,266,211
Golden Credit Card Trust
       Series 2018-1A, Class A
       2.620%, 01/15/2023 (A) 14,445,000 14,354,284
Hertz Vehicle Financing II LP
       Series 2016-3A, Class A
       2.270%, 07/25/2020 (A) 13,069,000 12,955,566
Honda Auto Receivables Owner Trust
       Series 2015-1, Class A4
              1.320%, 11/16/2020 15,078,304 15,087,150
       Series 2015-3, Class A4
              1.560%, 10/18/2021 20,250,000 20,141,379
       Series 2016-1, Class A4
              1.380%, 04/18/2022 10,120,000 9,998,608
       Series 2016-2, Class A4
              1.620%, 08/15/2022 19,860,000 19,617,283
       Series 2016-4, Class A4
              1.360%, 01/18/2023 17,210,000 16,790,312
       Series 2017-1, Class A3
              1.720%, 07/21/2021 22,355,000 22,105,216
       Series 2017-2, Class A4
              1.870%, 09/15/2023 4,674,000 4,556,818
       Series 2017-3, Class A4
              1.980%, 11/20/2023 5,565,000 5,464,317
Huntington Auto Trust
       Series 2015-1, Class A4
              1.640%, 06/15/2021 12,280,000 12,219,810
       Series 2016-1, Class A4
              1.930%, 04/15/2022 29,905,000 29,491,157
Hyundai Auto Lease Securitization Trust
       Series 2018-A, Class A3
       2.810%, 04/15/2021 (A) 12,490,000 12,486,188
Hyundai Auto Receivables Trust
       Series 2015-A, Class A4
              1.370%, 07/15/2020 16,082,704 16,025,951
       Series 2017-A, Class A3
              1.760%, 08/16/2021 17,890,000 17,642,971
John Deere Owner Trust
       Series 2015-A, Class A4
              1.650%, 12/15/2021 10,555,000 10,530,316
       Series 2018-A, Class A3
              2.660%, 04/18/2022 5,970,000 5,961,295
KeyCorp Student Loan Trust
       Series 2004-A, Class 1A2 (3 month
       LIBOR + 0.240%)
       2.000%, 10/27/2042 (C) 6,862,899 6,728,455
MMAF Equipment Finance LLC
       Series 2017-B, Class A3
       2.210%, 10/17/2022 (A) 13,163,000 12,966,137
MVW Owner Trust
       Series 2014-1A, Class A
       2.250%, 09/22/2031 (A) 2,641,570 2,590,582
Nelnet Student Loan Trust
       Series 2006-1, Class A3 (3 month
       LIBOR + 0.450%)
       2.370%, 08/23/2036 (A)(C) 7,712,000 7,568,106
NextGear Floorplan Master Owner Trust
       Series 2018-1A, Class A2
       3.220%, 02/15/2023 (A) 3,720,000 3,725,448
Nissan Auto Receivables Owner Trust
       Series 2015-A, Class A4
              1.500%, 09/15/2021 42,370,000 42,058,085
       Series 2016-B, Class A4
              1.540%, 10/17/2022 8,655,000 8,460,704
       Series 2017-A, Class A3
              1.740%, 08/16/2021 11,175,000 11,030,441
       Series 2017-B, Class A3
              1.750%, 10/15/2021 11,720,000 11,537,340
       Series 2017-B, Class A4
              1.950%, 10/16/2023 12,410,000 12,124,297
NRZ Excess Spread-Collateralized Notes
       Series 2018-PLS1, Class A
              3.193%, 01/25/2023 (A) 5,542,451 5,512,463
       Series 2018-PLS2, Class A
              3.265%, 02/25/2023 (A) 7,911,590 7,890,929

38



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Bond Trust (continued)

Shares or
Principal
      Amount       Value
ASSET BACKED SECURITIES (continued)  
SoFi Professional Loan Program LLC
       Series 2017-E, Class A2A
       1.860%, 11/26/2040 (A) $ 8,283,230 $ 8,195,333
SunTrust Auto Receivables Trust
       Series 2015-1A, Class A4
       1.780%, 01/15/2021 (A) 21,494,945 21,372,265
SunTrust Student Loan Trust
       Series 2006-1A, Class A4 (3 month
       LIBOR + 0.190%)
       1.950%, 10/28/2037 (A)(C) 34,022,042 33,603,874
Synchrony Credit Card Master
       Note Trust
       Series 2016-1, Class A
       2.040%, 03/15/2022 15,100,000 15,026,066
Taco Bell Funding LLC
       Series 2016-1A, Class A2I
       3.832%, 05/25/2046 (A) 17,291,125 17,387,437
Towd Point Mortgage Trust
       Series 2016-5, Class A1
              2.500%, 10/25/2056 (A)(E) 15,833,800 15,607,676
       Series 2017-1, Class A1
              2.750%, 10/25/2056 (A)(E) 5,370,614 5,310,991
       Series 2017-2, Class A1
              2.750%, 04/25/2057 (A)(E) 4,375,876 4,344,051
Toyota Auto Receivables Owner Trust
       Series 2015-B, Class A4
              1.740%, 09/15/2020 19,030,000 18,938,999
       Series 2016-B, Class A4
              1.520%, 08/16/2021 10,275,000 10,119,347
       Series 2016-C, Class A4
              1.320%, 11/15/2021 9,000,000 8,812,540
       Series 2017-A, Class A3
              1.730%, 02/16/2021 16,970,000 16,792,246
       Series 2017-B, Class A3
              1.760%, 07/15/2021 21,640,000 21,369,154
       Series 2017-C, Class A4
              1.980%, 12/15/2022 11,435,000 11,198,938
       Series 2018-A, Class A3
              2.360%, 05/16/2022 11,310,000 11,231,373
Triton Container Finance V LLC
       Series 2018-1A, Class A
       3.950%, 03/20/2043 (A) 8,570,000 8,568,375
USAA Auto Owner Trust
       Series 2015-1, Class A4
       1.540%, 11/16/2020 13,288,362 13,243,850
Verizon Owner Trust
       Series 2016-1A, Class A
              1.420%, 01/20/2021 (A) 14,935,000 14,800,878
       Series 2016-2A, Class A
              1.680%, 05/20/2021 (A) 23,905,000 23,635,454
Volvo Financial Equipment LLC
       Series 2018-1A, Class A3
       2.540%, 02/15/2022 (A) 16,000,000 15,930,192
VSE VOI Mortgage LLC
       Series 2017-A, Class A
       2.330%, 03/20/2035 (A) 8,881,135 8,659,015
Wachovia Student Loan Trust
       Series 2006-1, Class B (3 month
       LIBOR + 0.240%)
       1.985%, 04/25/2040 (A)(C) 2,440,088 2,330,410
Westgate Resorts LLC
       Series 2014-1A, Class A
              2.150%, 12/20/2026 (A) 1,650,327 1,640,192
       Series 2016-1A, Class A
              3.500%, 12/20/2028 (A) 4,633,313 4,639,970
World Omni Auto Receivables Trust
       Series 2016-A, Class A3
              1.770%, 09/15/2021 26,825,000 26,615,634
       Series 2017-B, Class A3
              1.950%, 02/15/2023 5,425,000 5,316,124
       Series 2018-A, Class A3
              2.500%, 04/17/2023 14,875,000 14,795,178
TOTAL ASSET BACKED SECURITIES
(Cost $1,611,913,380) $ 1,597,619,817
 
SECURITIES LENDING COLLATERAL – 0.2%  
John Hancock Collateral Trust,
       1.8276% (F)(G) 1,700,622 17,009,285
TOTAL SECURITIES LENDING COLLATERAL  
(Cost $17,011,572) $ 17,009,285
 
SHORT-TERM INVESTMENTS – 0.8%  
U.S. Government Agency – 0.7%
Federal Agricultural Mortgage Corp.
       Discount Note
       1.500%, 04/02/2018 * $ 4,708,000 4,707,804
Federal Home Loan Bank Discount Note
       1.200%, 04/02/2018 * 45,612,000 45,610,480
       1.400%, 04/02/2018 * 18,395,000 18,394,285
68,712,569
Repurchase agreement – 0.1%
Barclays Tri-Party Repurchase
       Agreement dated 3-29-18 at 1.750%
       to be repurchased at $6,357,236 on
       4-2-18, collateralized by $6,603,700
       U.S. Treasury Notes, 1.875% due
       4-30-22 (valued at $6,484,414,
       including interest) 6,356,000 $ 6,356,000
Repurchase Agreement with State Street
       Corp. dated 3-29-18 at 0.740% to be
       repurchased at $1,385,114 on 4-2-18,
       collateralized by $275,000 Federal
       National Mortgage Association,
       1.500% due 6-22-20 (valued at
       $270,652, including interest) and
       $1,160,000 U.S. Treasury Notes,
       1.375% - 2.125% due 5-31-20 to
       8-31-20 (valued at $1,145,738,
       including interest) 1,385,000 $ 1,385,000
7,741,000
TOTAL SHORT-TERM INVESTMENTS (Cost $76,453,569)     $ 76,453,569
Total Investments (Bond Trust)
       (Cost $9,127,565,645) – 99.7% $ 9,055,680,798
Other assets and liabilities, net – 0.3% 23,010,079
TOTAL NET ASSETS – 100.0% $ 9,078,690,877

Security Abbreviations and Legend

IO Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
ISDAFIX         International Swaps and Derivatives Association Fixed Interest Rate Swap Rate
LIBOR London Interbank Offered Rate
(A) 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. Rule 144A securities amounted to $1,208,024,321 or 13.3% of the fund’s net assets as of 3-31-18.
(B) A portion of this security is on loan as of 3-31-2018. The value of securities on loan amounted to $16,545,887.

39



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Bond Trust (continued)

(C)        

Variable rate obligation. The coupon rate shown represents the rate at period end.

(D)

Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.

(E)

Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end.

(F)

The rate shown is the annualized seven-day yield as of 3-31-18.

(G)

Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

*

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.

Capital Appreciation Trust

Shares or
Principal
      Amount       Value
COMMON STOCKS – 99.5%
Consumer discretionary – 21.2%
Automobiles – 1.1%
Tesla, Inc. (A)(B) 44,108 $ 11,738,462
Hotels, restaurants and leisure – 3.5%
Marriott International, Inc., Class A 153,619 20,889,112
McDonald’s Corp. 99,804 15,607,350
36,496,462
Internet and direct marketing retail – 10.9%
Amazon.com, Inc. (A) 40,217 58,207,673
Booking Holdings, Inc. (A) 6,829 14,206,983
Netflix, Inc. (A) 138,443 40,889,140
113,303,796
Media – 1.2%
Charter Communications, Inc.,
       Class A (A) 39,249 12,215,074
Specialty retail – 2.0%
The Home Depot, Inc. 114,122 20,341,105
Textiles, apparel and luxury goods – 2.5%
Kering SA 33,313 15,977,476
NIKE, Inc., Class B 145,222 9,648,550
25,626,026
219,720,925
Consumer staples – 4.7%
Beverages – 1.1%
Monster Beverage Corp. (A) 196,844 11,261,445
Food and staples retailing – 1.8%
Costco Wholesale Corp. 95,620 18,017,677
Personal products – 1.8%
The Estee Lauder Companies, Inc.,
       Class A 126,171 18,890,322
48,169,444
Energy – 1.3%
Oil, gas and consumable fuels – 1.3%
Concho Resources, Inc. (A) 90,732 13,639,742
Financials – 5.1%
Banks – 3.3%
JPMorgan Chase & Co. 213,231 23,449,013
The PNC Financial Services Group, Inc. 69,405 10,496,812
33,945,825
Capital markets – 1.8%
The Goldman Sachs Group, Inc. 74,304 18,714,205
52,660,030
Health care – 9.4%
Biotechnology – 4.9%
AbbVie, Inc. 78,416 7,422,074
Alexion Pharmaceuticals, Inc. (A) 93,899 10,465,983
BioMarin Pharmaceutical, Inc. (A) 115,647 9,375,502
Celgene Corp. (A) 127,063 11,335,290
Vertex Pharmaceuticals, Inc. (A) 78,274 12,757,097
51,355,946
Health care providers and services – 1.4%
UnitedHealth Group, Inc. 68,804 14,724,056
Life sciences tools and services – 1.2%
Illumina, Inc. (A) 51,661 12,213,694
Pharmaceuticals – 1.9%
Bristol-Myers Squibb Company 307,345 19,439,571
97,733,267
Industrials – 7.8%
Aerospace and defense – 3.0%
The Boeing Company 96,971 31,794,851
Air freight and logistics – 2.0%
FedEx Corp. 86,318 20,725,815
Machinery – 2.8%
Caterpillar, Inc. 106,833 15,745,048
Parker-Hannifin Corp. 75,980 12,994,859
28,739,907
81,260,573
Information technology – 49.1%
Internet software and services – 14.6%
Alibaba Group Holding, Ltd.,
       ADR (A)(B) 228,166 41,877,588
Alphabet, Inc., Class A (A) 20,476 21,236,479
Alphabet, Inc., Class C (A) 20,444 21,093,915
Facebook, Inc., Class A (A) 194,469 31,074,202
Tencent Holdings, Ltd. 675,917 36,282,912
151,565,096
IT services – 9.9%
FleetCor Technologies, Inc. (A) 67,328 13,633,920
Mastercard, Inc., Class A 194,101 33,998,731
PayPal Holdings, Inc. (A) 204,205 15,493,033
Square, Inc., Class A (A) 150,265 7,393,038
Visa, Inc., Class A 268,606 32,130,650
102,649,372
Semiconductors and semiconductor equipment – 5.6%
Broadcom, Ltd. 87,886 20,710,336
NVIDIA Corp. 95,972 22,226,155
Texas Instruments, Inc. 144,320 14,993,405
57,929,896
Software – 14.7%
Activision Blizzard, Inc. 205,941 13,892,780
Adobe Systems, Inc. (A) 132,687 28,671,007
Microsoft Corp. 457,717 41,775,831
Red Hat, Inc. (A) 120,393 17,999,957
salesforce.com, Inc. (A) 223,999 26,051,084
Splunk, Inc. (A) 114,061 11,222,462
Workday, Inc., Class A (A) 96,017 12,204,721
151,817,842
Technology hardware, storage and peripherals – 4.3%
Apple, Inc. 263,258 44,169,426
508,131,632

40



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Capital Appreciation Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Materials – 0.9%
Chemicals – 0.9%
Albemarle Corp. 100,206 $ 9,293,104
TOTAL COMMON STOCKS (Cost $717,680,985) $ 1,030,608,717
   
SECURITIES LENDING COLLATERAL – 2.2%  
John Hancock Collateral Trust,
       1.8276% (C)(D) 2,250,358 22,507,632
TOTAL SECURITIES LENDING COLLATERAL
(Cost $22,509,330) $ 22,507,632
 
SHORT-TERM INVESTMENTS – 0.1%
Money market funds – 0.1%
State Street Institutional U.S. Government
       Money Market Fund, Premier Class,
       1.5812% (C) 1,047,197 1,047,197
TOTAL SHORT-TERM INVESTMENTS (Cost $1,047,197)   $ 1,047,197
Total Investments (Capital Appreciation Trust)
       (Cost $741,237,512) – 101.8% $ 1,054,163,546
Other assets and liabilities, net – (1.8%) (18,611,515 )
TOTAL NET ASSETS – 100.0% $ 1,035,552,031

Security Abbreviations and Legend

ADR         American Depositary Receipt
(A) Non-income producing security.
(B) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $22,041,153.
(C) The rate shown is the annualized seven-day yield as of 3-31-18.
(D) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

Capital Appreciation Value Trust

Shares or
Principal
      Amount       Value
COMMON STOCKS – 68.2%
Consumer discretionary – 7.5%
Auto components – 1.3%
Adient PLC (A) 32,287 $ 1,929,462
Magna International, Inc. 59,124 3,331,637
5,261,099
Hotels, restaurants and leisure – 3.4%
Aramark 153,441 6,070,126
Yum! Brands, Inc. 83,407 7,100,438
13,170,564
Internet and direct marketing retail – 2.6%
Amazon.com, Inc. (B) 5,419 7,843,135
Booking Holdings, Inc. (B) 1,150 2,392,449
10,235,584
Media – 0.2%
Liberty Global PLC, Series C (B) 24,580 747,969
29,415,216
Consumer staples – 8.0%
Beverages – 5.3%
Dr. Pepper Snapple Group, Inc. 134,129 15,878,191
PepsiCo, Inc. 44,517 4,859,031
20,737,222
Food and staples retailing – 0.3%
CVS Health Corp. 20,400 1,269,084
Food products – 1.0%
The Kraft Heinz Company 32,105 1,999,820
Tyson Foods, Inc., Class A 26,866 1,966,323
3,966,143
Tobacco – 1.4%
Philip Morris International, Inc. 53,147 5,282,812
31,255,261
Energy – 1.2%
Oil, gas and consumable fuels – 1.2%
Canadian Natural Resources, Ltd. 50,800 1,598,676
Enterprise Products Partners LP 101,493 2,484,549
TOTAL SA 14,254 817,034
4,900,259
Financials – 7.9%
Banks – 2.5%
The PNC Financial Services Group, Inc. 65,676 9,932,838
Capital markets – 2.1%
Intercontinental Exchange, Inc. 50,433 3,657,401
State Street Corp. 44,730 4,460,923
8,118,324
Insurance – 3.3%
Marsh & McLennan Companies, Inc. 154,093 12,726,541
30,777,703
Health care – 13.6%
Biotechnology – 0.2%
Biogen, Inc. (B) 3,413 934,548
Health care equipment and supplies – 7.1%
Abbott Laboratories 105,994 6,351,160
Becton, Dickinson and Company 47,508 10,294,984
Danaher Corp. 112,919 11,055,899
27,702,043
Health care providers and services – 2.9%
Aetna, Inc. 20,062 3,390,478
Anthem, Inc. 10,581 2,324,646
Cigna Corp. 7,097 1,190,451
UnitedHealth Group, Inc. (C) 20,473 4,381,222
11,286,797
Life sciences tools and services – 3.3%
PerkinElmer, Inc. 119,722 9,065,350
Thermo Fisher Scientific, Inc. (C) 18,652 3,850,892
12,916,242
Pharmaceuticals – 0.1%
Perrigo Company PLC 7,821 651,802
53,491,432
Industrials – 6.4%
Commercial services and supplies – 1.7%
Republic Services, Inc. 40,447 2,678,805
Waste Connections, Inc. 55,916 4,011,414
6,690,219
Industrial conglomerates – 1.4%
General Electric Company 101,270 1,365,120
Roper Technologies, Inc. 14,141 3,969,237
5,334,357
Machinery – 2.3%
Fortive Corp. 65,393 5,069,265
The Middleby Corp. (B) 32,064 3,969,203
9,038,468
Professional services – 1.0%
Equifax, Inc. 32,514 3,830,474
24,893,518

41



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Information technology – 15.4%
Internet software and services – 1.8%
Alphabet, Inc., Class A (B) 1,710 $ 1,773,509
Alphabet, Inc., Class C (B) 2,193 2,262,715
Facebook, Inc., Class A (B) 19,000 3,036,010
7,072,234
IT services – 8.1%
Fidelity National Information
       Services, Inc. 91,825 8,842,748
Fiserv, Inc. (B) 175,140 12,489,233
Mastercard, Inc., Class A (C) 7,537 1,320,181
Visa, Inc., Class A 75,073 8,980,232
31,632,394
Semiconductors and semiconductor equipment – 1.4%    
Broadcom, Ltd. 6,400 1,508,160
Maxim Integrated Products, Inc. 1,753 105,566
Texas Instruments, Inc. (C) 38,235 3,972,234
5,585,960
Software – 3.7%
Intuit, Inc. 21,775 3,774,696
Microsoft Corp. 118,900 10,852,003
14,626,699
Technology hardware, storage and peripherals – 0.4%    
Apple, Inc. 9,300 1,560,354
60,477,641
Materials – 0.5%
Containers and packaging – 0.5%
Ball Corp. 46,773 1,857,356
Real estate – 2.3%
Equity real estate investment trusts – 2.3%
American Tower Corp. 28,712 4,173,002
Crown Castle International Corp. 42,500 4,658,425
8,831,427
Utilities – 5.4%
Electric utilities – 2.7%
Eversource Energy 87,265 5,141,654
NextEra Energy, Inc. 11,356 1,854,775
PG&E Corp. 67,127 2,948,889
Xcel Energy, Inc. 18,174 826,554
10,771,872
Multi-utilities – 2.7%
CMS Energy Corp. 5,771 261,369
DTE Energy Company 54,025 5,640,210
NiSource, Inc. 194,168 4,642,557
10,544,136
21,316,008
TOTAL COMMON STOCKS (Cost $228,185,487) $ 267,215,821
 
PREFERRED SECURITIES – 3.9%
Financials – 1.4%
Banks – 1.3%
U.S. Bancorp (6.500% to 1-15-22, then 3
       month LIBOR + 4.468%) 14,000 391,020
Wells Fargo & Company, Series L,
       7.500% 3,616 4,664,640
5,055,660
Capital markets – 0.1%
State Street Corp., 6.000% 2,346 61,700
The Charles Schwab Corp., 5.950% 1,000 26,190
The Charles Schwab Corp., 6.000% 15,000 390,600
478,490
5,534,150
Health care – 1.0%
Health care equipment and supplies – 1.0%  
Becton, Dickinson and Company,
       6.125% 67,159 3,924,100
Real estate – 0.1%
Equity real estate investment trusts – 0.1%  
Crown Castle International Corp.,
       Series A, 6.875% 307 341,696
Utilities – 1.4%
Electric utilities – 0.7%
Alabama Power Company, 5.000% 10,000 253,800
NextEra Energy, Inc., 6.123% 7,851 452,689
SCE Trust II, 5.100% 1,920 44,352
SCE Trust III (5.750% to 3-15-24, then 3  
       month LIBOR + 2.990%) 20,615 547,741
SCE Trust IV (5.375% to 9-15-25, then
       3 month LIBOR + 3.132%) 30,000 771,000
SCE Trust V (5.450% to 3-15-26, then 3
       month LIBOR + 3.790%) 8,000 207,840
SCE Trust VI, 5.000% 25,000 566,000
2,843,422
Multi-utilities – 0.7%
DTE Energy Company, 5.250% 35,000 844,900
Sempra Energy, 6.000% 20,167 2,064,496
2,909,396
5,752,818
TOTAL PREFERRED SECURITIES (Cost $14,797,150)     $ 15,552,764
 
U.S. GOVERNMENT AND AGENCY
OBLIGATIONS – 6.1%
U.S. Government – 6.1%
U.S. Treasury Notes
       2.250%, 11/15/2027 $ 24,850,000 23,785,678
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS  
(Cost $24,306,740) $ 23,785,678
 
CORPORATE BONDS - 18.1%
Consumer discretionary - 4.8%
Amazon.com, Inc.
       2.600%, 12/05/2019 465,000 464,924
AutoZone, Inc.
       1.625%, 04/21/2019 50,000 49,409
       2.500%, 04/15/2021 155,000 151,879
CCO Holdings LLC
       5.125%, 05/01/2027 (D) 280,000 265,832
       5.250%, 03/15/2021 to 09/30/2022 800,000 810,319
       5.750%, 09/01/2023 to 01/15/2024 677,000 687,155
Cedar Fair LP
       5.375%, 06/01/2024 476,000 482,545
       5.375%, 04/15/2027 (D) 315,000 311,850
Cequel Communications Holdings I LLC
       6.375%, 09/15/2020 (D) 380,000 386,650
Charter Communications Operating LLC
       3.579%, 07/23/2020 150,000 150,403
DISH DBS Corp.
       4.250%, 04/01/2018 140,000 140,000
Dollar Tree, Inc.
       5.750%, 03/01/2023 170,000 177,691

42



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

Shares or
Principal
      Amount       Value
CORPORATE BONDS (continued)
Consumer discretionary (continued)
Hilton Domestic Operating
       Company, Inc.
       4.250%, 09/01/2024 $ 100,000 $ 97,000
KFC Holding Company/Pizza Hut
       Holdings LLC/Taco Bell of
       America LLC
       4.750%, 06/01/2027 (D) 1,917,000 1,847,509
       5.000%, 06/01/2024 (D) 432,000 429,300
       5.250%, 06/01/2026 (D) 530,000 528,013
McDonald’s Corp.
       2.100%, 12/07/2018 45,000 44,870
Netflix, Inc.
       4.375%, 11/15/2026 1,815,000 1,715,175
       4.875%, 04/15/2028 (D) 2,925,000 2,812,680
       5.875%, 02/15/2025 637,000 667,258
Sirius XM Radio, Inc.
       6.000%, 07/15/2024 (D) 275,000 283,250
Tesla, Inc.
       5.300%, 08/15/2025 (A)(D) 1,718,000 1,498,955
Time Warner Cable LLC
       6.750%, 07/01/2018 500,000 504,704
Unitymedia GmbH
       6.125%, 01/15/2025 (D) 775,000 812,781
Virgin Media Finance PLC
       6.000%, 10/15/2024 (D) 450,000 445,500
Virgin Media Secured Finance PLC
       5.250%, 01/15/2026 (D) 200,000 192,500
Yum! Brands, Inc.
       3.750%, 11/01/2021 1,085,000 1,071,438
       3.875%, 11/01/2020 to 11/01/2023 1,010,000 992,338
       5.300%, 09/15/2019 180,000 184,725
       5.350%, 11/01/2043 215,000 194,575
       6.875%, 11/15/2037 260,000 276,900
18,678,128
Consumer staples – 1.1%
Anheuser-Busch InBev Finance, Inc.
       1.900%, 02/01/2019 300,000 299,112
       2.650%, 02/01/2021 155,000 153,760
       3.300%, 02/01/2023 200,000 200,044
Anheuser-Busch InBev Finance, Inc. (3
       month LIBOR + 1.260%)
       3.033%, 02/01/2021 (E) 360,000 369,993
Aramark Services, Inc.
       5.000%, 04/01/2025 (A)(D) 650,000 655,070
B&G Foods, Inc.
       4.625%, 06/01/2021 300,000 297,750
PepsiCo, Inc.
       1.250%, 04/30/2018 125,000 124,885
Philip Morris International, Inc.
       2.000%, 02/21/2020 380,000 374,314
       2.625%, 02/18/2022 470,000 460,450
Philip Morris International, Inc. (3 month
       LIBOR + 0.420%)
       2.312%, 02/21/2020 (E) 255,000 256,247
Reckitt Benckiser Treasury Services PLC
       (3 month LIBOR + 0.560%)
       2.846%, 06/24/2022 (D)(E) 440,000 437,706
Spectrum Brands, Inc.
       6.125%, 12/15/2024 175,000 180,250
       6.625%, 11/15/2022 315,000 325,238
The Kroger Company
       2.000%, 01/15/2019 105,000 104,253
4,239,072
Energy – 0.3%
Enbridge Energy Partners LP
       6.500%, 04/15/2018 15,000 15,019
EQT Corp.
       8.125%, 06/01/2019 208,000 220,256
Matador Resources Company
       6.875%, 04/15/2023 200,000 208,000
Shell International Finance BV (3 month
       LIBOR + 0.450%)
       2.260%, 05/11/2020 (E) 810,000 814,607
1,257,882
Financials – 3.0%
Burlington Northern Santa Fe LLC
       3.250%, 06/15/2027 (A) 330,000 324,747
Hub Holdings LLC (8.125% Cash or
       8.875% PIK)
       8.125%, 07/15/2019 (D) 55,000 55,069
HUB International, Ltd.
       7.875%, 10/01/2021 (D) 1,300,000 1,345,500
KFW
       2.875%, 04/03/2028 7,390,000 7,352,913
Marsh & McLennan Companies, Inc.
       2.350%, 03/06/2020 140,000 138,539
       2.750%, 01/30/2022 190,000 186,959
       3.300%, 03/14/2023 65,000 64,768
State Street Corp. (5.250% to 9-15-20,
       then 3 month LIBOR + 3.597%)
       09/15/2020 (F) 435,000 446,963
The Bank of New York Mellon Corp.
       (4.625% to 9-20-26, then 3 month
       LIBOR + 3.131%)
       09/20/2026 (F) 375,000 364,688
The Bank of New York Mellon Corp.
       (4.950% to 6-20-20, then 3 month
       LIBOR + 3.420%)
       06/20/2020 (F) 450,000 460,746
The PNC Financial Services Group, Inc.
       (5.000% to 11-1-26, then 3 month
       LIBOR + 3.300%)
       11/01/2026 (F) 525,000 522,638
U.S. Bancorp (5.300% to 4-15-27, then 3
       month LIBOR + 2.914%)
       04/15/2027 (F) 350,000 357,875
11,621,405
Health care – 1.7%
Becton, Dickinson and Company
       2.675%, 12/15/2019 266,000 264,219
       3.363%, 06/06/2024 420,000 404,078
Becton, Dickinson and Company (3
       month LIBOR + 1.030%)
       3.055%, 06/06/2022 (E) 400,000 401,235
Fresenius Medical Care US Finance, Inc.
       5.750%, 02/15/2021 (D) 75,000 79,253
HCA, Inc.
       3.750%, 03/15/2019 200,000 200,760
       4.250%, 10/15/2019 485,000 488,638
       6.500%, 02/15/2020 1,890,000 1,982,138
Hologic, Inc.
       4.375%, 10/15/2025 (D) 487,000 469,955
Medtronic Global Holdings SCA
       1.700%, 03/28/2019 475,000 470,638
       3.350%, 04/01/2027 270,000 266,280
Medtronic, Inc.
       2.500%, 03/15/2020 275,000 273,439

43



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

Shares or
Principal
      Amount       Value
CORPORATE BONDS (continued)
Health care (continued)
Pfizer, Inc.
       1.200%, 06/01/2018 $ 950,000 $ 948,694
Teleflex, Inc.
       4.625%, 11/15/2027 90,000 86,626
       4.875%, 06/01/2026 125,000 123,750
Thermo Fisher Scientific, Inc.
       3.200%, 08/15/2027 345,000 326,325
Universal Health Services, Inc.
       3.750%, 08/01/2019 (D) 60,000 60,300
6,846,328
Industrials – 1.6%
3M Company
       2.250%, 03/15/2023 360,000 349,316
       2.875%, 10/15/2027 450,000 434,580
Caterpillar Financial Services Corp.
       2.250%, 12/01/2019 225,000 223,192
CNH Industrial Capital LLC
       3.625%, 04/15/2018 680,000 680,170
Continental Airlines 2009-2 Class A Pass
       Through Trust
       7.250%, 05/10/2021 110,267 116,398
Continental Airlines 2012-1 Class A Pass
       Through Trust
       4.150%, 10/11/2025 194,629 196,731
Delta Air Lines 2009-1 Class A Pass
       Through Trust
       7.750%, 06/17/2021 72,649 76,994
Delta Air Lines 2011-1 Class A Pass
       Through Trust
       5.300%, 10/15/2020 66,763 67,992
Fortive Corp.
       1.800%, 06/15/2019 40,000 39,516
Harris Corp.
       1.999%, 04/27/2018 130,000 129,968
Lennox International, Inc.
       3.000%, 11/15/2023 90,000 87,658
Northrop Grumman Corp.
       2.550%, 10/15/2022 630,000 610,334
       2.930%, 01/15/2025 765,000 733,103
       3.250%, 01/15/2028 1,352,000 1,289,595
Trinity Acquisition PLC
       4.400%, 03/15/2026 270,000 273,439
US Airways 2010-1 Class A Pass
       Through Trust
       6.250%, 10/22/2024 147,993 159,596
US Airways 2012-2 Class A Pass
       Through Trust
       4.625%, 12/03/2026 17,859 18,407
US Airways 2012-2 Class B Pass
       Through Trust
       6.750%, 12/03/2022 57,942 61,708
US Airways 2013-1 Class A Pass
       Through Trust
       3.950%, 05/15/2027 193,172 192,747
US Airways 2013-1 Class B Pass
       Through Trust
       5.375%, 05/15/2023 61,166 63,001
Welbilt, Inc.
       9.500%, 02/15/2024 155,000 172,825
Xylem, Inc.
       3.250%, 11/01/2026 75,000 72,638
       4.875%, 10/01/2021 60,000 63,459
6,113,367
Information technology – 2.0%
Amphenol Corp.
       2.200%, 04/01/2020 285,000 280,902
       3.200%, 04/01/2024 140,000 136,175
Apple, Inc.
       1.500%, 09/12/2019 1,160,000 1,143,982
Fiserv, Inc.
       2.700%, 06/01/2020 580,000 576,244
Microsoft Corp.
       3.300%, 02/06/2027 3,075,000 3,050,736
NXP BV
       3.750%, 06/01/2018 (D) 2,425,000 2,428,153
Solera LLC
       10.500%, 03/01/2024 (D) 80,000 89,000
Texas Instruments, Inc.
       2.900%, 11/03/2027 225,000 214,038
7,919,230
Materials – 0.5%
Ecolab, Inc.
       2.000%, 01/14/2019 205,000 203,767
Reynolds Group Issuer, Inc.
       5.125%, 07/15/2023 (D) 210,000 212,037
       5.750%, 10/15/2020 1,284,068 1,300,119
       6.875%, 02/15/2021 252,972 256,451
Reynolds Group Issuer, Inc. (3 month
       LIBOR + 3.500%)
       5.222%, 07/15/2021 (D)(E) 195,000 197,438
2,169,812
Real estate – 1.2%
American Tower Corp.
       3.300%, 02/15/2021 320,000 319,871
Crown Castle International Corp.
       4.875%, 04/15/2022 400,000 420,138
       5.250%, 01/15/2023 1,475,000 1,566,900
Iron Mountain, Inc.
       4.375%, 06/01/2021 (D) 235,000 236,175
SBA Communications Corp.
       4.875%, 07/15/2022 to 09/01/2024 2,034,000 2,022,375
4,565,459
Telecommunication services – 0.5%
Level 3 Financing, Inc.
       5.375%, 08/15/2022 400,000 400,000
       5.625%, 02/01/2023 350,000 350,333
T-Mobile USA, Inc.
       6.836%, 04/28/2023 225,000 232,875
Verizon Communications, Inc.
       3.125%, 03/16/2022 475,000 470,665
Verizon Communications, Inc. (3 month
       LIBOR + 1.000%)
       3.145%, 03/16/2022 (E) 475,000 484,079
1,937,952
Utilities – 1.4%
Berkshire Hathaway Energy Company
       2.400%, 02/01/2020 260,000 257,816
CMS Energy Corp.
       8.750%, 06/15/2019 27,000 28,721
Dominion Energy, Inc.
       2.962%, 07/01/2019 65,000 64,876
DTE Energy Company
       3.800%, 03/15/2027 700,000 690,442
Edison International
       2.125%, 04/15/2020 475,000 466,214
Eversource Energy
       2.750%, 03/15/2022 275,000 269,461

44



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

Shares or
Principal
      Amount       Value
CORPORATE BONDS (continued)
Utilities (continued)
Eversource Energy (continued)
       2.900%, 10/01/2024 $ 175,000 $ 167,959
       3.300%, 01/15/2028 433,000 416,915
NiSource, Inc.
       3.490%, 05/15/2027 715,000 690,938
       4.375%, 05/15/2047 490,000 491,144
NSTAR Electric Company
       3.200%, 05/15/2027 360,000 351,849
Pacific Gas & Electric Company
       3.300%, 03/15/2027 485,000 460,271
Southern California Gas Company
       3.200%, 06/15/2025 250,000 249,154
The Southern Company
       1.550%, 07/01/2018 435,000 433,728
       1.850%, 07/01/2019 230,000 226,892
Virginia Electric & Power Company
       3.150%, 01/15/2026 125,000 120,772
       3.500%, 03/15/2027 330,000 325,683
5,712,835
TOTAL CORPORATE BONDS (Cost $72,368,247) $ 71,061,470
 
TERM LOANS (G) – 1.6%
Consumer discretionary – 0.1%
Delta 2 Lux Sarl (1 month LIBOR +
       2.500%)
       TBD 02/01/2024 (H) 255,000 254,363
Dollar Tree, Inc.
       4.250%, 07/06/2022 25,000 25,078
Kasima LLC (1, 2 and 3 month LIBOR
       + 2.500%)
       4.730%, 05/17/2021 19,302 19,398
298,839
Consumer staples – 0.0%
Prestige Brands, Inc. (1 month LIBOR +
       2.000%)
       3.877%, 01/26/2024 39,447 39,518
Energy – 0.1%
BCP Raptor LLC (2 month LIBOR +
       4.250%)
       6.039%, 06/24/2024 447,750 449,989
Financials – 0.7%
HUB International, Ltd. (3 month
       LIBOR + 3.000%)
       4.838%, 10/02/2020 2,404,795 2,416,482
Vantiv LLC (1 month LIBOR + 2.000%)
       3.777%, 10/14/2021 270,000 271,350
2,687,832
Health care – 0.3%
Change Healthcare Holdings LLC (1
       month LIBOR + 2.750%)
       4.627%, 03/01/2024 1,032,200 1,034,399
NVA Holdings, Inc.
       TBD 02/02/2025 (H) 185,000 185,154
1,219,553
Industrials – 0.2%
Institutional Shareholder Services, Inc. (3
       month LIBOR + 3.750%)
       5.470%, 10/16/2024 77,917 78,047
       5.797%, 10/16/2024 7,083 7,095
Welbilt, Inc. (1 month LIBOR + 2.750%)
       4.627%, 03/03/2023 550,000 553,438
638,580
Information technology – 0.1%
Cypress Intermediate Holdings III, Inc.
       TBD 04/27/2024 (H) 70,000 70,188
Fiserv, Inc. (1 month LIBOR + 1.250%)
       3.127%, 10/25/2018 64,286 64,125
Global Payments, Inc. (1 month LIBOR
       + 1.750%)
       3.398%, 05/02/2022 316,875 317,271
Kronos, Inc.
       TBD 11/01/2023 (H) 120,000 120,709
572,293
Materials – 0.1%
HB Fuller Company (1 month LIBOR +
       2.250%)
       4.072%, 10/20/2024 259,350 260,486
TOTAL TERM LOANS (Cost $6,150,116) $ 6,167,090
 
ASSET BACKED SECURITIES – 0.1%
Taco Bell Funding LLC
       Series 2016-1A, Class A2I
       3.832%, 05/25/2046 (D) 395,000 397,200
TOTAL ASSET BACKED SECURITIES (Cost $395,000) $ 397,200
         
PURCHASED OPTIONS – 0.0%
Calls – 0.0%
Over the Counter on AT&T, Inc.
       (Expiration Date: 4-20-18; Strike
       Price: $39.00; Counterparty: Goldman
       Sachs & Company; Notional
       Amount: 17,800) (B) 178 623
Over the Counter on AT&T, Inc.
       (Expiration Date: 6-15-18; Strike
       Price: $40.00; Counterparty: Goldman
       Sachs & Company; Notional
       Amount: 17,800) (B) 178 3,029
Over the Counter on CVS Health Corp.
       (Expiration Date: 5-18-18; Strike
       Price: $85.00; Counterparty: Citigroup
       Global Markets, Inc.; Notional
       Amount: 1,800) (B) 18 120
Over the Counter on Dr. Pepper Snapple
       Group, Inc. (Expiration Date: 5-18-18;
       Strike Price: $92.50;
       Counterparty: Citigroup Global
       Markets, Inc.; Notional
       Amount: 1,800) (B) 18 47,120
Over the Counter on Dr. Pepper Snapple
       Group, Inc. (Expiration Date: 5-18-18;
       Strike Price: $95.00;
       Counterparty: Citigroup Global
       Markets, Inc.; Notional
       Amount: 1,800) (B) 18 42,616
Over the Counter on The Kraft Heinz
       Company (Expiration Date: 4-20-18;
       Strike Price: $85.00;
       Counterparty: Credit Suisse
       Securities LLC; Notional
       Amount: 3,600) (B) 36 2
TOTAL PURCHASED OPTIONS (Cost $63,686) $ 93,510
 
SECURITIES LENDING COLLATERAL – 0.5%
John Hancock Collateral Trust,
       1.8276% (I)(J) 201,800 2,018,366
TOTAL SECURITIES LENDING COLLATERAL
(Cost $2,018,558) $ 2,018,366

45



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

Shares or
Principal
      Amount       Value
SHORT-TERM INVESTMENTS – 3.1%
Money market funds – 2.5%
T. Rowe Price Government Money Fund,
       1.8418% (I) 9,868,152 $ 9,868,152
Repurchase agreement – 0.6%
Repurchase Agreement with State Street
       Corp. dated 3-29-18 at 0.740% to be
       repurchased at $2,184,180 on 4-2-18,
       collateralized by $2,265,000 Federal
       National Mortgage Association,
       1.500% due 6-22-20 valued at
       $2,229,186, including interest) $ 2,184,000 2,184,000
TOTAL SHORT-TERM INVESTMENTS (Cost $12,052,152) $ 12,052,152
Total Investments (Capital Appreciation Value Trust)
       (Cost $360,337,136) – 101.6% $ 398,344,051
Other assets and liabilities, net – (1.6%) (6,459,096 )
TOTAL NET ASSETS – 100.0% $ 391,884,955

Security Abbreviations and Legend

LIBOR         London Interbank Offered Rate
PIK Pay-in-Kind Security - Represents a payment-in-kind which may pay interest in additional par and/or cash. Rates shown are the current rate and most recent payment rate.
(A) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $1,974,182.
(B) Non-income producing security.
(C) All or a portion of this security is segregated at the custodian as collateral for certain derivatives.
(D) 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.
(E) Variable rate obligation. The coupon rate shown represents the rate at period end.
(F) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(G) Term loans are variable rate obligations. The coupon rate shown represents the rate at period end.
(H) 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).
(I) The rate shown is the annualized seven-day yield as of 3-31-18.
(J) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

DERIVATIVES

WRITTEN OPTIONS

Options on securities
Counterparty (OTC)/ Exercise Expiration Number of Notional
Exchange-traded       Name of issuer             price       date       contracts       amount       Premium       Value
Calls
Deutsche Bank
       Securities, Inc. Abbott Laboratories USD 67.50 Jan 2019 65 6,500 $ 11,927 $    (11,440 )
Citigroup Global
       Markets, Inc. Alphabet, Inc., Class A USD 1,200.00 Jan 2019 10 1,000 60,979 (40,986 )
Citigroup Global
       Markets, Inc. Alphabet, Inc., Class A USD 1,260.00 Jan 2019 2 200 10,739 (5,949 )
Citigroup Global
       Markets, Inc. Alphabet, Inc., Class C USD 1,200.00 Jan 2019 21 2,100 101,488 (86,070 )
JPMorgan Clearing Corp. American Tower Corp. USD 160.00 Jan 2019 26 2,600 13,950 (13,330 )
JPMorgan Clearing Corp. American Tower Corp. USD 165.00 Jan 2019 25 2,500 10,062 (9,474 )
Citigroup Global
       Markets, Inc. Anthem, Inc. USD 260.00 Jan 2019 21 2,100 23,664 (12,208 )
Citigroup Global
       Markets, Inc. Anthem, Inc. USD 270.00 Jan 2019 26 2,600 25,249 (10,442 )
Citigroup Global
       Markets, Inc. Anthem, Inc. USD 270.00 Jan 2019 21 2,100 16,728 (8,434 )
Credit Suisse Securities
       (USA) LLC Apple, Inc. USD 200.00 Jan 2019 93 9,300 62,048 (44,674 )
Citigroup Global
       Markets, Inc. Booking Holdings, Inc. USD 1,900.00 Jan 2019 2 200 28,423 (66,113 )
Citigroup Global
       Markets, Inc. Booking Holdings, Inc. USD 2,000.00 Jan 2019 2 200 21,859 (53,565 )
Citigroup Global
       Markets, Inc. Booking Holdings, Inc. USD 2,300.00 Jan 2019 4 400 28,086 (51,320 )
JPMorgan Clearing Corp. Broadcom, Inc. USD 270.00 Jan 2019 64 6,400 117,888 (82,712 )
Citigroup Global
       Markets, Inc. Crown Castle International Corp. USD 120.00 Jan 2019 43 4,300 15,780 (14,724 )
Citigroup Global
       Markets, Inc. Crown Castle International Corp. USD 125.00 Jan 2019 44 4,400 9,617 (9,363 )
Citigroup Global
       Markets, Inc. Facebook, Inc., Class A USD 180.00 Jan 2019 63 6,300 68,247 (68,247 )

46



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

Options on securities (continued)
Counterparty (OTC)/ Exercise Expiration   Number of Notional
Exchange-traded       Name of issuer             price       date       contracts       amount       Premium       Value
Goldman Sachs &
       Company Mastercard, Inc., Class A USD 180.00 Jan 2019 9 900 $ 10,209 $ (12,946 )
Goldman Sachs &
       Company Mastercard, Inc., Class A USD 180.00 Jan 2019 29 2,900 37,299 (41,716 )
Goldman Sachs &
       Company Mastercard, Inc., Class A USD 185.00 Jan 2019 8 800 7,693 (9,689 )
Goldman Sachs &
       Company Mastercard, Inc., Class A USD 185.00 Jan 2019 29 2,900 31,292 (35,124 )
Citigroup Global
       Markets, Inc. Mastercard, Inc., Class A USD 1,260.00 Jan 2019 5 500 25,537 (13,920 )
JPMorgan Clearing Corp. Microsoft Corp. USD 100.00 Jan 2019 111 11,100 48,426 (57,533 )
JPMorgan Clearing Corp. Microsoft Corp. USD 105.00 Jan 2019 43 4,300 19,542 (15,845 )
JPMorgan Clearing Corp. Microsoft Corp. USD 110.00 Jan 2019 43 4,300 13,631 (11,023 )
Citigroup Global
       Markets, Inc. Philip Morris International, Inc. USD 115.00 Jan 2019 55 5,500 22,061 (7,633 )
Citigroup Global
       Markets, Inc. State Street Corp. USD 100.00 Jan 2019 61 6,100 47,707 (59,354 )
Goldman Sachs &
       Company Texas Instruments Incorporated USD 125.00 Jan 2019 64 6,400 28,182 (17,934 )
Goldman Sachs &
       Company Texas Instruments Incorporated USD 130.00 Jan 2019 65 6,500 20,973 (12,844 )
Credit Suisse Securities
       (USA) LLC The PNC Financial Services Group, Inc. USD 140.00 Jan 2019 10 1,000 6,237 (19,627 )
Credit Suisse Securities
       (USA) LLC The PNC Financial Services Group, Inc. USD 145.00 Jan 2019 10 1,000 4,833 (16,619 )
Credit Suisse Securities
       (USA) LLC The PNC Financial Services Group, Inc. USD 150.00 Jan 2019 10 1,000 3,709 (13,983 )
Credit Suisse Securities
       (USA) LLC The PNC Financial Services Group, Inc. USD 155.00 Jan 2019 10 1,000 2,728 (11,396 )
Credit Suisse Securities
       (USA) LLC The PNC Financial Services Group, Inc. USD 180.00 Jan 2019 94 9,400 53,540 (30,313 )
Merrill Lynch, Pierce,
       Fenner & Smith, Inc. Thermo Fisher Scientific, Inc. USD 230.00 Jan 2019 33 3,300 32,671 (26,699 )
Merrill Lynch, Pierce,
       Fenner & Smith, Inc. Thermo Fisher Scientific, Inc. USD 240.00 Jan 2019 34 3,400 23,229 (18,291 )
Goldman Sachs &
       Company UnitedHealth Group, Inc. USD 260.00 Jan 2019 12 1,200 5,244 (4,222 )
Goldman Sachs &
       Company UnitedHealth Group, Inc. USD 270.00 Jan 2019 72 7,200 37,058 (16,320 )
Citigroup Global
       Markets, Inc. Visa, Inc., Class A USD 105.00 Jan 2019 21 2,100 12,960 (42,931 )
Citigroup Global
       Markets, Inc. Visa, Inc., Class A USD 110.00 Jan 2019 21 2,100 9,578 (35,756 )
Citigroup Global
       Markets, Inc. Visa, Inc., Class A USD 115.00 Jan 2019 21 2,100 6,887 (28,404 )
Citigroup Global
       Markets, Inc. Visa, Inc., Class A USD 120.00 Jan 2019 58 5,800 22,693 (61,480 )
Citigroup Global
       Markets, Inc. Visa, Inc., Class A USD 125.00 Jan 2019 56 5,600 20,292 (45,500 )
Credit Suisse Securities
       (USA) LLC Visa, Inc., Class A USD 135.00 Jan 2019 85 8,500 36,266 (37,240 )
Credit Suisse Securities
       (USA) LLC Visa, Inc., Class A USD 140.00 Jan 2019 43 4,300 18,576 (13,387 )
Credit Suisse Securities
       (USA) LLC Visa, Inc., Class A USD 140.00 Jan 2019 38 3,800 17,746 (11,831 )
Citigroup Global
       Markets, Inc. Yum! Brands, Inc. USD 95.00 Jan 2019 7 700 1,344 (1,356 )
Citigroup Global
       Markets, Inc. Yum! Brands, Inc. USD 95.00 Jan 2019 85 8,500 14,911 (16,463 )
$ 1,269,788 $ (1,336,430 )
$ 1,269,788 $ (1,336,430 )

47



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

Derivatives Currency Abbreviations

USD         U.S. Dollar

OTC is an abbreviation for over-the-counter. See Notes to Portfolio of Investments regarding investment transactions and other derivatives information.

Core Bond Trust

Shares or
Principal
      Amount       Value
U.S. GOVERNMENT AND AGENCY
OBLIGATIONS – 61.7%
U.S. Government – 34.1%
U.S. Treasury Bonds
       2.500%, 02/15/2046 to 05/15/2046 $ 15,947,000 $ 14,475,193
       2.750%, 08/15/2047 to 11/15/2047 23,699,000 22,603,610
       2.875%, 11/15/2046 2,226,000 2,178,326
       3.000%, 11/15/2045 to 02/15/2048 19,667,000 19,733,820
U.S. Treasury Notes
       1.125%, 02/28/2021 to 07/31/2021 21,429,000 20,656,437
       1.250%, 08/31/2019 1,404,000 1,384,971
       1.375%, 07/31/2019 to 09/30/2020 17,751,000 17,438,123
       1.500%, 05/15/2020 to 08/15/2026 34,975,000 33,964,842
       1.625%, 07/31/2020 to 08/31/2022 27,036,000 26,376,693
       1.750%, 11/15/2020 to 12/31/2020 8,698,000 8,558,685
       1.875%, 12/31/2019 to 07/31/2022 43,309,000 42,288,408
       1.875%, 12/15/2020 (A) 9,163,000 9,044,103
       2.000%, 01/31/2020 to 11/15/2026 87,652,000 85,115,706
       2.125%, 12/31/2022 4,351,000 4,265,646
       2.250%, 02/15/2021 to 11/15/2027 75,452,000 72,964,455
       2.375%, 03/15/2021 to 01/31/2023 7,647,000 7,642,350
       2.500%, 03/31/2023 6,379,000 6,356,996
       2.625%, 02/28/2023 8,718,000 8,741,482
       2.750%, 02/28/2025 to 02/15/2028 5,090,000 5,093,090
408,882,936
U.S. Government Agency – 27.6%
Federal Home Loan Mortgage Corp.
       2.428%, (12 month LIBOR +
              1.649%), 05/01/2043 (B) 637,949 631,200
       2.805%, (12 month LIBOR +
              1.640%), 01/01/2047 (B) 1,161,191 1,158,794
       2.999%, (12 month LIBOR +
              1.636%), 11/01/2047 (B) 775,669 772,857
       3.086%, (12 month LIBOR +
              1.623%), 02/01/2045 (B) 676,647 681,157
       3.500%, 09/01/2026 to 02/01/2048 9,413,149 9,558,196
       4.000%, 10/01/2029 to 06/01/2046 7,006,554 7,272,718
       4.500%, 08/01/2020 to 05/01/2045 1,549,505 1,620,402
       5.000%, 05/01/2044 to 07/01/2044 2,072,630 2,245,108
Federal National Mortgage Association
       2.364%, 10/09/2019 (C) 2,895,000 2,792,202
       2.680%, (12 month LIBOR +
              1.610%), 05/01/2046 (B) 988,684 986,638
       2.734%, (12 month LIBOR +
              1.610%), 12/01/2047 (B) 521,863 519,799
       2.893%, (12 month LIBOR +
              1.608%), 12/01/2047 (B) 1,217,716 1,218,574
       2.937%, (12 month LIBOR +
              1.608%), 11/01/2047 (B) 1,147,139 1,148,750
       2.945%, (12 month LIBOR +
              1.610%), 10/01/2047 (B) 1,478,282 1,480,964
       2.979%, (12 month LIBOR +
              1.616%), 09/01/2047 (B) 4,230,438 4,244,598
       3.000%, 10/01/2028 to 10/01/2033 11,390,454 11,452,278
       3.013%, (12 month LIBOR +
              1.602%), 02/01/2048 (B) 692,052 690,694
       3.028%, (12 month LIBOR +
              1.610%), 12/01/2047 (B) 1,251,182 1,249,477
       3.134%, (12 month LIBOR +
              1.620%), 03/01/2047 (B) 1,660,329 1,675,287
       3.230%, (12 month LIBOR +
              1.620%), 06/01/2047 (B) 1,640,618 1,654,044
       3.500%, TBA (D) 17,100,000 17,230,330
       3.500%, 08/01/2028 to 02/01/2048 22,904,866 23,169,159
       4.000%, TBA (D) 21,000,000 21,501,545
       4.000%, 04/01/2024 to 03/01/2048 80,194,370 83,017,323
       4.372%, (12 month LIBOR +
              1.776%), 04/01/2040 (B) 533,432 551,502
       4.500%, TBA (D) 19,900,000 20,780,916
       4.500%, 05/01/2034 to 01/01/2048 15,663,312 16,567,530
       5.000%, 07/01/2044 to 08/01/2056 7,210,238 7,789,512
Government National
       Mortgage Association
       3.000%, 02/20/2045 to 12/20/2046 14,756,035 14,566,987
       3.500%, TBA (D) 2,600,000 2,625,457
       3.500%, 04/20/2046 to 01/20/2048 17,167,408 17,352,338
       4.000%, TBA (D) 12,600,000 12,953,186
       4.000%, 07/15/2045 to 03/20/2048 10,784,217 11,121,300
       4.500%, TBA (D) 13,000,000 13,478,638
       4.500%, 05/20/2045 to 01/20/2048 14,594,844 15,290,962
       5.000%, 12/20/2039 to 11/20/2045 220,446 238,663
331,289,085
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS
(Cost $752,666,740) $ 740,172,021
 
FOREIGN GOVERNMENT OBLIGATIONS – 1.4%
Chile – 0.2%
Republic of Chile
       3.240%, 02/06/2028 2,190,000 2,147,295
Indonesia – 0.3%
Republic of Indonesia
       2.950%, 01/11/2023 2,085,000 2,012,246
       3.500%, 01/11/2028 (A) 260,000 248,741
       4.750%, 01/08/2026 (E) 626,000 653,851
2,914,838
Israel – 0.1%
Government of Israel
       4.125%, 01/17/2048 1,170,000 1,123,130
Japan – 0.2%
Japan Bank for International Cooperation
       2.250%, 02/24/2020 1,984,000 1,967,021
Mexico – 0.2%
Government of Mexico
       3.750%, 01/11/2028 745,000 720,415
       4.600%, 02/10/2048 1,639,000 1,554,592
       5.750%, 10/12/2099 465,000 473,138
2,748,145
Paraguay – 0.1%
Republic of Paraguay
       5.600%, 03/13/2048 (A)(E) 315,000 320,513
       6.100%, 08/11/2044 (E) 341,000 366,575
687,088

48



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

Shares or
Principal
      Amount       Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Saudi Arabia – 0.1%
Kingdom of Saudi Arabia
       2.875%, 03/04/2023 (E) $ 1,210,000 $ 1,164,267
       3.625%, 03/04/2028 (E) 235,000 223,167
       4.625%, 10/04/2047 (E) 255,000 243,206
1,630,640
South Korea – 0.2%
Export-Import Bank of Korea
       2.500%, 11/01/2020 800,000 786,558
       3.000%, 11/01/2022 1,739,000 1,701,735
2,488,293
United Arab Emirates – 0.0%
Abu Dhabi Government
       4.125%, 10/11/2047 (E) 360,000 336,817
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $16,434,011) $ 16,043,267
 
CORPORATE BONDS – 23.9%
Consumer discretionary – 1.7%
21st Century Fox America, Inc.
       4.750%, 11/15/2046 360,000 389,886
       4.950%, 10/15/2045 260,000 286,211
Amazon.com, Inc.
       3.150%, 08/22/2027 (E) 878,000 846,538
       3.800%, 12/05/2024 437,000 447,864
       3.875%, 08/22/2037 (E) 774,000 768,355
       4.050%, 08/22/2047 (E) 655,000 650,190
       4.250%, 08/22/2057 (E) 265,000 263,751
CBS Corp.
       2.500%, 02/15/2023 1,510,000 1,434,320
       3.375%, 02/15/2028 (A) 750,000 696,752
Charter Communications Operating LLC
       3.750%, 02/15/2028 468,000 429,758
       4.200%, 03/15/2028 727,000 695,420
       4.464%, 07/23/2022 445,000 454,733
       5.375%, 05/01/2047 449,000 433,598
Discovery Communications LLC
       3.950%, 03/20/2028 498,000 477,684
       4.875%, 04/01/2043 525,000 500,178
Ford Motor Company
       5.291%, 12/08/2046 (A) 1,462,000 1,427,385
Ford Motor Credit Company LLC
       3.339%, 03/28/2022 736,000 723,837
       3.815%, 11/02/2027 (A) 1,530,000 1,437,340
General Motors Company
       5.150%, 04/01/2038 925,000 920,849
General Motors Financial Company, Inc.
       3.500%, 11/07/2024 1,243,000 1,199,487
       4.350%, 01/17/2027 444,000 440,755
Lennar Corp.
       4.750%, 11/29/2027 (E) 1,180,000 1,129,850
Mcdonald’s Corp.
       3.800%, 04/01/2028 963,000 974,528
       4.450%, 03/01/2047 612,000 631,850
The Brooklyn Union Gas Company
       4.273%, 03/15/2048 (E) 655,000 677,030
Time Warner Cable LLC
       6.550%, 05/01/2037 330,000 370,555
Time Warner, Inc.
       3.800%, 02/15/2027 655,000 632,862
       4.850%, 07/15/2045 630,000 642,777
Viacom, Inc.
       4.375%, 03/15/2043 390,000 348,924
20,333,267
Consumer staples – 2.4%
Alimentation Couche-Tard, Inc.
       2.700%, 07/26/2022 (E) 1,555,000 1,507,118
       3.550%, 07/26/2027 (E) 925,000 887,834
Anheuser-Busch InBev Finance, Inc.
       2.650%, 02/01/2021 1,933,000 1,917,536
Anheuser-Busch InBev Worldwide, Inc.
       3.500%, 01/12/2024 779,000 784,158
       4.000%, 04/13/2028 1,125,000 1,138,183
       4.375%, 04/15/2038 754,000 768,164
       4.600%, 04/15/2048 532,000 549,317
       4.750%, 04/15/2058 674,000 688,944
BAT Capital Corp.
       2.297%, 08/14/2020 (E) 705,000 691,123
       2.764%, 08/15/2022 (E) 1,373,000 1,327,612
       3.222%, 08/15/2024 (E) 919,000 885,643
       3.557%, 08/15/2027 (E) 693,000 662,746
Campbell Soup Company
       4.150%, 03/15/2028 (A) 744,000 735,874
Church & Dwight Company, Inc.
       2.450%, 08/01/2022 360,000 348,621
       3.150%, 08/01/2027 574,000 542,234
       3.950%, 08/01/2047 360,000 336,250
Constellation Brands, Inc.
       3.200%, 02/15/2023 980,000 960,848
       3.600%, 02/15/2028 1,500,000 1,446,177
Costco Wholesale Corp.
       2.300%, 05/18/2022 566,000 551,726
       2.750%, 05/18/2024 1,005,000 979,729
       3.000%, 05/18/2027 1,507,000 1,456,026
CVS Health Corp.
       3.350%, 03/09/2021 1,226,000 1,232,459
       4.100%, 03/25/2025 1,226,000 1,233,624
       4.300%, 03/25/2028 1,707,000 1,717,540
       4.780%, 03/25/2038 779,000 788,233
       5.050%, 03/25/2048 303,000 318,047
Kraft Heinz Foods Company
       2.800%, 07/02/2020 1,351,000 1,341,470
       4.375%, 06/01/2046 1,610,000 1,466,888
       5.200%, 07/15/2045 190,000 192,792
Reynolds American, Inc.
       5.850%, 08/15/2045 1,264,000 1,476,303
28,933,219
Energy – 2.8%
Anadarko Petroleum Corp.
       4.500%, 07/15/2044 372,000 356,264
       4.850%, 03/15/2021 523,000 543,687
Andeavor Logistics LP
       3.500%, 12/01/2022 530,000 520,669
       5.200%, 12/01/2047 475,000 466,900
Cenovus Energy, Inc.
       5.400%, 06/15/2047 372,000 373,830
Chevron Corp.
       2.954%, 05/16/2026 435,000 418,241
Cimarex Energy Company
       4.375%, 06/01/2024 1,446,000 1,487,464
Concho Resources, Inc.
       3.750%, 10/01/2027 793,000 774,851
       4.875%, 10/01/2047 455,000 482,532
Enbridge Energy Partners LP
       7.375%, 10/15/2045 245,000 316,080
Enbridge, Inc.
       2.900%, 07/15/2022 1,099,000 1,065,874
Encana Corp.
       6.500%, 02/01/2038 725,000 874,751

49



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

Shares or
Principal
      Amount       Value
CORPORATE BONDS (continued)
Energy (continued)
Energy Transfer Partners LP
       2.500%, 06/15/2018 $ 915,000 $ 915,165
       6.125%, 12/15/2045 802,000 831,132
Entergy Louisiana LLC
       4.000%, 03/15/2033 850,000 865,947
Enterprise Products Operating LLC
       4.250%, 02/15/2048 1,157,000 1,125,591
       4.850%, 03/15/2044 228,000 238,398
Hess Corp.
       5.600%, 02/15/2041 280,000 285,594
Kinder Morgan Energy Partners LP
       5.400%, 09/01/2044 485,000 490,296
Kinder Morgan, Inc.
       3.150%, 01/15/2023 1,748,000 1,701,453
       5.000%, 02/15/2021 (E) 1,421,000 1,475,546
       5.550%, 06/01/2045 610,000 640,508
Marathon Petroleum Corp.
       4.750%, 09/15/2044 180,000 180,648
       5.000%, 09/15/2054 310,000 300,718
Occidental Petroleum Corp.
       4.200%, 03/15/2048 660,000 663,648
Petroleos Mexicanos
       2.378%, 04/15/2025 1,031,250 1,017,194
       2.460%, 12/15/2025 2,592,800 2,563,050
       5.350%, 02/12/2028 (E) 1,555,000 1,523,900
       6.350%, 02/12/2048 (E) 445,000 429,981
       6.500%, 03/13/2027 750,000 801,000
       6.750%, 09/21/2047 520,000 526,178
Plains All American Pipeline LP
       4.500%, 12/15/2026 220,000 218,080
Sabine Pass Liquefaction LLC
       5.000%, 03/15/2027 1,054,000 1,094,353
       5.875%, 06/30/2026 475,000 518,890
Schlumberger Finance Canada, Ltd.
       2.650%, 11/20/2022 (E) 1,625,000 1,587,127
Schlumberger Holdings Corp.
       4.000%, 12/21/2025 (E) 1,763,000 1,791,746
Shell International Finance BV
       4.000%, 05/10/2046 346,000 347,556
Transcontinental Gas Pipe Line
       Company LLC
       7.850%, 02/01/2026 437,000 537,429
Valero Energy Corp.
       4.900%, 03/15/2045 259,000 273,691
Western Gas Partners LP
       5.300%, 03/01/2048 1,286,000 1,271,548
       5.450%, 04/01/2044 205,000 206,817
Williams Partners LP
       3.750%, 06/15/2027 643,000 614,320
       4.850%, 03/01/2048 959,000 947,649
33,666,296
Financials – 7.2%
AerCap Ireland Capital DAC
       3.500%, 01/15/2025 1,420,000 1,368,405
American International Group, Inc.
       4.375%, 01/15/2055 350,000 323,400
       6.250%, 05/01/2036 755,000 897,965
Banco Santander SA
       3.125%, 02/23/2023 1,000,000 968,781
       3.500%, 04/11/2022 510,000 507,511
       4.250%, 04/11/2027 640,000 637,068
Bank of America Corp.
       3.300%, 01/11/2023 3,160,000 3,151,422
       4.000%, 04/01/2024 1,139,000 1,163,422
       4.450%, 03/03/2026 708,000 722,830
Bank of America Corp. (2.738% to
       1-23-21, then 3 month LIBOR +
       0.370%) 01/23/2022 1,340,000 1,320,937
Bank of America Corp. (3.366% to
       1-23-25, then 3 month LIBOR +
       0.810%) 01/23/2026 1,131,000 1,099,637
Bank of America Corp. (3.550% to
       3-5-23, then 3 month LIBOR +
       0.780%) 03/05/2024 3,495,000 3,504,476
Bank of America Corp. (3.593% to
       7-21-27, then 3 month LIBOR +
       1.370%) 07/21/2028 1,445,000 1,402,530
Bank of America Corp. (3.970% to
       3-5-28, then 3 month LIBOR +
       1.070%) 03/05/2029 540,000 541,011
Bank of America Corp. (4.244% to
       4-24-37, then 3 month LIBOR +
       1.814%) 04/24/2038 1,001,000 1,020,520
Berkshire Hathaway Energy Company
       3.250%, 04/15/2028 (E) 517,000 498,584
BNP Paribas SA
       3.375%, 01/09/2025 (E) 822,000 794,682
       3.500%, 03/01/2023 (E) 2,135,000 2,120,512
Brighthouse Financial, Inc.
       3.700%, 06/22/2027 (E) 1,250,000 1,158,961
Capital One Financial Corp.
       2.400%, 10/30/2020 870,000 852,651
       3.200%, 01/30/2023 1,085,000 1,058,538
       3.800%, 01/31/2028 650,000 629,148
       4.200%, 10/29/2025 330,000 326,800
Capital One NA
       2.650%, 08/08/2022 821,000 789,609
Citigroup, Inc.
       2.700%, 10/27/2022 2,581,000 2,495,915
       4.125%, 07/25/2028 803,000 792,973
       4.450%, 09/29/2027 1,655,000 1,673,464
Citigroup, Inc. (3.142% to 1-24-22, then
       3 month LIBOR + 0.722%)
       01/24/2023 2,445,000 2,414,827
Citigroup, Inc. (3.878% to 1-24-38, then
       3 month LIBOR + 1.168%)
       01/24/2039 325,000 312,610
Citizens Bank NA
       3.700%, 03/29/2023 1,455,000 1,460,400
Commonwealth Bank of Australia
       3.450%, 03/16/2023 (A)(E) 1,530,000 1,530,045
       3.900%, 03/16/2028 (E) 1,315,000 1,324,293
Credit Suisse Group Funding
       Guernsey, Ltd.
       3.800%, 09/15/2022 to 06/09/2023 1,445,000 1,452,228
       4.550%, 04/17/2026 1,230,000 1,255,960
DNB Bank ASA
       2.125%, 10/02/2020 (E) 2,330,000 2,279,548
Dollar General Corp.
       4.125%, 05/01/2028 779,000 785,415
HSBC Holdings PLC
       2.650%, 01/05/2022 1,751,000 1,702,012
Intesa Sanpaolo SpA
       3.125%, 07/14/2022 (E) 862,000 832,818
       3.375%, 01/12/2023 (E) 510,000 497,714
       3.875%, 07/14/2027 to 01/12/2028 (E) 2,044,000 1,928,707
       4.375%, 01/12/2048 (E) 630,000 584,527
JPMorgan Chase & Co.
       2.295%, 08/15/2021 936,000 909,878
       2.950%, 10/01/2026 2,451,000 2,304,375

50



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

Shares or
Principal
      Amount       Value
CORPORATE BONDS (continued)
Financials (continued)
JPMorgan Chase & Co. (3.882% to
       7-24-37, then 3 month LIBOR +
       1.360%) 07/24/2038 $ 1,745,000 $ 1,693,007
JPMorgan Chase & Co. (4.260% to
       2-22-47, then 3 month LIBOR +
       1.580%) 02/22/2048 464,000 465,931
Lazard Group LLC
       3.750%, 02/13/2025 218,000 214,420
Lloyds Banking Group PLC
       4.344%, 01/09/2048 775,000 720,932
       4.375%, 03/22/2028 2,585,000 2,609,011
Markel Corp.
       3.500%, 11/01/2027 605,000 576,883
Morgan Stanley
       2.625%, 11/17/2021 2,340,000 2,284,114
       2.750%, 05/19/2022 3,035,000 2,958,915
       3.125%, 01/23/2023 (A) 176,000 173,426
       3.625%, 01/20/2027 1,520,000 1,486,825
Morgan Stanley (3.971% to 7-22-37,
       then 3 month LIBOR + 1.455%)
       07/22/2038 652,000 636,021
PNC Bank NA
       2.500%, 01/22/2021 1,410,000 1,389,180
       3.250%, 01/22/2028 1,605,000 1,543,103
Prudential Financial, Inc.
       3.878%, 03/27/2028 1,255,000 1,271,087
       4.418%, 03/27/2048 380,000 390,902
Santander Holdings USA, Inc.
       3.400%, 01/18/2023 1,071,000 1,046,618
       4.400%, 07/13/2027 628,000 624,190
Synchrony Financial
       3.950%, 12/01/2027 1,785,000 1,686,865
The Bank of New York Mellon Corp.
       3.250%, 05/16/2027 1,454,000 1,403,105
The Goldman Sachs Group, Inc.
       2.750%, 09/15/2020 1,095,000 1,083,703
       3.200%, 02/23/2023 1,048,000 1,032,510
       3.500%, 11/16/2026 663,000 638,348
       6.750%, 10/01/2037 659,000 824,463
The Progressive Corp.
       4.200%, 03/15/2048 435,000 444,539
UBS Group Funding Switzerland AG
       2.650%, 02/01/2022 (E) 2,085,000 2,020,991
       3.491%, 05/23/2023 (E) 1,575,000 1,555,488
Westpac Banking Corp.
       2.650%, 01/25/2021 1,085,000 1,072,568
XLIT, Ltd.
       5.250%, 12/15/2043 495,000 555,597
       5.500%, 03/31/2045 350,000 383,294
       6.250%, 05/15/2027 520,000 597,676
86,780,821
Health care – 2.0%
Abbott Laboratories
       3.750%, 11/30/2026 1,865,000 1,853,827
       4.900%, 11/30/2046 300,000 328,361
AbbVie, Inc.
       2.500%, 05/14/2020 1,765,000 1,741,948
       3.200%, 05/14/2026 840,000 799,010
       4.450%, 05/14/2046 391,000 388,153
       4.500%, 05/14/2035 435,000 444,951
Anthem, Inc.
       2.500%, 11/21/2020 993,000 976,026
       2.950%, 12/01/2022 995,000 969,689
       3.350%, 12/01/2024 495,000 480,359
Becton, Dickinson and Company
       2.404%, 06/05/2020 1,525,000 1,495,794
       2.894%, 06/06/2022 1,280,000 1,241,562
       3.700%, 06/06/2027 1,025,000 988,948
       4.685%, 12/15/2044 860,000 864,270
Celgene Corp.
       2.750%, 02/15/2023 1,652,000 1,585,191
       2.875%, 02/19/2021 445,000 441,873
       3.250%, 02/20/2023 435,000 426,634
       4.350%, 11/15/2047 728,000 688,544
       4.550%, 02/20/2048 310,000 303,357
Gilead Sciences, Inc.
       2.950%, 03/01/2027 220,000 208,006
       4.150%, 03/01/2047 663,000 648,001
Johnson & Johnson
       2.625%, 01/15/2025 480,000 462,961
       2.900%, 01/15/2028 1,650,000 1,584,666
       3.400%, 01/15/2038 590,000 566,416
       3.500%, 01/15/2048 505,000 480,254
Shire Acquisitions Investments Ireland
       DAC
       3.200%, 09/23/2026 720,000 670,935
Stryker Corp.
       3.650%, 03/07/2028 1,840,000 1,844,557
Thermo Fisher Scientific, Inc.
       2.950%, 09/19/2026 655,000 611,063
       3.200%, 08/15/2027 1,215,000 1,149,231
24,244,587
Industrials – 1.5%
Air Lease Corp.
       3.625%, 04/01/2027 to 12/01/2027 1,690,000 1,606,602
Burlington Northern Santa Fe LLC
       4.050%, 06/15/2048 1,120,000 1,124,958
ERAC USA Finance LLC
       4.500%, 02/15/2045 (E) 225,000 222,007
FedEx Corp.
       4.400%, 01/15/2047 278,000 274,010
       4.550%, 04/01/2046 750,000 755,230
General Electric Company
       5.875%, 01/14/2038 419,000 486,976
John Deere Capital Corp.
       2.650%, 06/24/2024 1,085,000 1,040,479
       2.800%, 09/08/2027 520,000 489,347
Mexico City Airport Trust
       5.500%, 07/31/2047 (E) 600,000 547,500
Northrop Grumman Corp.
       2.080%, 10/15/2020 1,500,000 1,467,611
       2.550%, 10/15/2022 1,496,000 1,449,301
       3.200%, 02/01/2027 1,530,000 1,470,559
       3.250%, 08/01/2023 to 01/15/2028 3,023,000 2,937,683
       4.030%, 10/15/2047 1,005,000 962,995
Penske Truck Leasing Company LP
       3.400%, 11/15/2026 (E) 409,000 389,506
       3.950%, 03/10/2025 (E) 1,157,000 1,158,863
The Boeing Company
       3.250%, 03/01/2028 685,000 676,822
       3.550%, 03/01/2038 365,000 354,061
       3.625%, 03/01/2048 295,000 283,290
Valmont Industries, Inc.
       5.250%, 10/01/2054 674,000 672,367
18,370,167
Information technology – 1.3%
Alibaba Group Holding, Ltd.
       3.400%, 12/06/2027 279,000 264,612

51



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

Shares or
Principal
      Amount       Value
CORPORATE BONDS (continued)
Information technology (continued)
Alibaba Group Holding, Ltd. (continued)
       4.000%, 12/06/2037 $ 225,000 $ 214,803
       4.200%, 12/06/2047 396,000 379,187
       4.400%, 12/06/2057 330,000 313,966
Analog Devices, Inc.
       2.500%, 12/05/2021 965,000 939,575
       3.125%, 12/05/2023 344,000 336,768
Apple, Inc.
       2.850%, 05/11/2024 834,000 812,218
       3.200%, 05/11/2027 1,280,000 1,249,866
       3.750%, 11/13/2047 690,000 664,955
       4.375%, 05/13/2045 435,000 458,193
Dell International LLC
       6.020%, 06/15/2026 (E) 215,000 231,410
       8.350%, 07/15/2046 (E) 332,000 421,120
Hewlett Packard Enterprise Company
       6.350%, 10/15/2045 690,000 736,111
Microsoft Corp.
       2.000%, 08/08/2023 1,125,000 1,066,141
       2.400%, 08/08/2026 437,000 406,648
       4.100%, 02/06/2037 760,000 802,400
Nokia OYJ
       3.375%, 06/12/2022 1,278,000 1,231,736
       4.375%, 06/12/2027 275,000 258,156
Oracle Corp.
       2.625%, 02/15/2023 1,536,000 1,500,873
       2.950%, 11/15/2024 1,017,000 989,095
       3.250%, 11/15/2027 923,000 899,684
       3.800%, 11/15/2037 1,042,000 1,028,820
       4.000%, 11/15/2047 909,000 897,240
16,103,577
Materials – 0.7%
Barrick North America Finance LLC
       5.700%, 05/30/2041 1,085,000 1,233,280
CF Industries, Inc.
       3.400%, 12/01/2021 (E) 1,367,000 1,349,447
       4.500%, 12/01/2026 (E) 935,000 948,176
International Paper Company
       5.150%, 05/15/2046 1,035,000 1,090,234
The Sherwin-Williams Company
       2.750%, 06/01/2022 1,135,000 1,105,130
       3.450%, 06/01/2027 444,000 424,373
       4.500%, 06/01/2047 415,000 412,361
Vale Overseas, Ltd.
       6.250%, 08/10/2026 750,000 840,225
Vulcan Materials Company
       4.500%, 06/15/2047 515,000 486,679
7,889,905
Real estate – 1.4%
American Tower Corp.
       3.600%, 01/15/2028 1,345,000 1,276,117
Boston Properties LP
       3.200%, 01/15/2025 1,194,000 1,151,950
Brandywine Operating Partnership LP
       3.950%, 02/15/2023 to 11/15/2027 1,076,000 1,052,760
DDR Corp.
       4.250%, 02/01/2026 325,000 322,790
       4.625%, 07/15/2022 1,288,000 1,334,861
Mid-America Apartments LP
       3.600%, 06/01/2027 456,000 441,054
       3.750%, 06/15/2024 1,139,000 1,130,166
       4.000%, 11/15/2025 595,000 596,787
       4.300%, 10/15/2023 497,000 515,167
Public Storage
       2.370%, 09/15/2022 1,262,000 1,214,800
       3.094%, 09/15/2027 1,006,000 965,509
Realty Income Corp.
       3.875%, 04/15/2025 822,000 818,948
Regency Centers LP
       3.600%, 02/01/2027 470,000 450,220
       4.125%, 03/15/2028 531,000 532,166
Store Capital Corp.
       4.500%, 03/15/2028 1,729,000 1,716,187
Tanger Properties LP
       3.750%, 12/01/2024 562,000 551,383
       3.875%, 12/01/2023 609,000 604,969
Washington Prime Group LP
       5.950%, 08/15/2024 445,000 424,173
WEA Finance LLC
       3.150%, 04/05/2022 (E) 1,280,000 1,265,460
16,365,467
Telecommunication services – 1.2%
AT&T, Inc.
       3.400%, 05/15/2025 2,785,000 2,682,014
       3.900%, 08/14/2027 510,000 513,169
       4.450%, 04/01/2024 604,000 623,179
       4.900%, 08/14/2037 282,000 284,082
       5.150%, 02/14/2050 452,000 455,763
       5.250%, 03/01/2037 2,008,000 2,121,405
       5.450%, 03/01/2047 1,135,000 1,202,720
Telefonica Emisiones SAU
       4.665%, 03/06/2038 483,000 487,860
       5.213%, 03/08/2047 690,000 732,073
Verizon Communications, Inc.
       4.125%, 08/15/2046 1,752,000 1,573,956
       4.272%, 01/15/2036 435,000 415,846
       4.400%, 11/01/2034 1,610,000 1,587,988
       5.500%, 03/16/2047 946,000 1,046,534
13,726,589
Utilities – 1.7%
Alabama Power Company
       3.700%, 12/01/2047 475,000 454,644
Appalachian Power Company
       3.300%, 06/01/2027 715,000 692,703
Baltimore Gas & Electric Company
       3.750%, 08/15/2047 443,000 425,407
Broadcom Corp.
       3.500%, 01/15/2028 1,064,000 999,409
Commonwealth Edison Company
       2.950%, 08/15/2027 328,000 313,117
       3.750%, 08/15/2047 295,000 282,266
       4.000%, 03/01/2048 443,000 444,415
Dominion Energy, Inc.
       1.600%, 08/15/2019 880,000 864,784
       2.000%, 08/15/2021 660,000 630,155
Duke Energy Carolinas LLC
       2.500%, 03/15/2023 735,000 714,445
Duke Energy Corp.
       1.800%, 09/01/2021 1,000,000 951,657
       3.150%, 08/15/2027 222,000 208,823
Duquesne Light Holdings, Inc.
       3.616%, 08/01/2027 (E) 1,265,000 1,214,854
Electricite de France SA
       6.000%, 01/22/2114 (E) 829,000 887,049
FirstEnergy Corp.
       3.900%, 07/15/2027 468,000 459,299

52



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

Shares or
Principal
      Amount       Value
CORPORATE BONDS (continued)
Utilities (continued)
Florida Power & Light Company
       3.950%, 03/01/2048 $ 800,000 $ 810,246
Georgia Power Company
       4.300%, 03/15/2042 230,000 234,056
Indiana Michigan Power Company
       4.550%, 03/15/2046 465,000 492,699
IPALCO Enterprises, Inc.
       3.700%, 09/01/2024 1,116,000 1,092,181
ITC Holdings Corp.
       3.350%, 11/15/2027 (E) 622,000 593,732
Northern States Power Company
       3.600%, 09/15/2047 582,000 554,114
Pacific Gas & Electric Company
       3.300%, 12/01/2027 (E) 1,086,000 1,026,987
       3.950%, 12/01/2047 (E) 159,000 146,962
PECO Energy Company
       3.150%, 10/15/2025 1,175,000 1,155,595
Sempra Energy
       2.900%, 02/01/2023 450,000 440,056
       4.000%, 02/01/2048 981,000 912,143
South Carolina Electric & Gas Company
       5.100%, 06/01/2065 159,000 169,099
Southern California Edison Company
       4.125%, 03/01/2048 328,000 334,367
Southern Company Gas Capital Corp.
       2.450%, 10/01/2023 670,000 635,885
Southwestern Electric Power Company
       2.750%, 10/01/2026 217,000 202,793
       3.850%, 02/01/2048 565,000 535,598
       3.900%, 04/01/2045 314,000 301,094
Southwestern Public Service Company
       3.700%, 08/15/2047 666,000 638,634
The Connecticut Light & Power
       Company
       4.000%, 04/01/2048 692,000 706,224
The Southern Company
       3.250%, 07/01/2026 305,000 289,639
20,815,131
TOTAL CORPORATE BONDS
(Cost $291,168,254) $ 287,229,026
 
MUNICIPAL BONDS – 0.6%
County of Clark (Nevada)
       6.820%, 07/01/2045 750,000 1,111,125
Los Angeles Community College District
       (California)
       6.750%, 08/01/2049 1,100,000 1,629,584
North Texas Tollway Authority
       6.718%, 01/01/2049 1,026,000 1,505,347
Port Authority of New York & New
       Jersey
       4.458%, 10/01/2062 1,501,000 1,642,544
State of California
       7.600%, 11/01/2040 660,000 1,020,980
The Ohio State University
       4.800%, 06/01/2111 464,000 507,166
TOTAL MUNICIPAL BONDS (Cost $6,894,353) $ 7,416,746
 
COLLATERALIZED MORTGAGE
OBLIGATIONS – 7.2%
Commercial and residential – 4.2%
Benchmark Mortgage Trust
       Series 2018-B1, Class A5,
              3.666%, 01/15/2051 357,000 360,319
       Series 2018-B1, Class ASB,
              3.602%, 01/15/2051 360,000 363,896
       Series 2018-B3, Class A5,
              4.025%, 04/10/2051 699,000 725,357
CD Mortgage Trust
       Series 2016-CD1, Class A1,
              1.443%, 08/10/2049 333,396 325,335
       Series 2016-CD1, Class ASB,
              2.622%, 08/10/2049 1,138,000 1,099,791
       Series 2017-CD4, Class ASB,
              3.317%, 05/10/2050 508,000 508,908
       Series 2017-CD6, Class ASB,
              3.332%, 11/13/2050 1,197,000 1,197,461
CFCRE Commercial Mortgage Trust
       Series 2016-C3, Class A1,
              1.793%, 01/10/2048 532,014 524,835
       Series 2016-C4, Class A4,
              3.283%, 05/10/2058 675,000 659,186
       Series 2016-C4, Class ASB,
              3.091%, 05/10/2058 637,000 629,748
       Series 2016-C7, Class A2,
              3.585%, 12/10/2054 672,000 670,817
       Series 2016-C7, Class A3,
              3.839%, 12/10/2054 502,000 508,985
       Series 2017-C8, Class A1,
              1.965%, 06/15/2050 371,855 365,371
       Series 2017-C8, Class A4,
              3.572%, 06/15/2050 383,000 381,226
       Series 2017-C8, Class ASB,
              3.367%, 06/15/2050 529,000 529,768
Citigroup Commercial Mortgage Trust
       Series 2013-GC11, Class A2,
              1.987%, 04/10/2046 149,644 149,547
       Series 2014-GC25, Class A4,
              3.635%, 10/10/2047 1,156,000 1,172,009
       Series 2015-GC29, Class A4,
              3.192%, 04/10/2048 589,000 579,309
Commercial Mortgage Trust (Cantor
       Fitzgerald/Deutsche Bank AG)
       Series 2012-CR3, Class A3,
              2.822%, 10/15/2045 537,000 528,792
       Series 2012-CR4, Class A2,
              1.801%, 10/15/2045 151,112 145,670
       Series 2013-CR10, Class A2,
              2.972%, 08/10/2046 585,000 585,747
       Series 2013-CR11, Class A1,
              1.468%, 08/10/2050 108,877 108,360
       Series 2013-CR12, Class A1,
              1.295%, 10/10/2046 9,071 9,058
       Series 2013-CR12, Class A3,
              3.765%, 10/10/2046 312,000 320,165
       Series 2013-CR12, Class A4,
              4.046%, 10/10/2046 519,000 539,782
       Series 2013-CR6, Class A2,
              2.122%, 03/10/2046 205,274 205,126
       Series 2014-UBS6, Class A5,
              3.644%, 12/10/2047 948,000 961,799
       Series 2016-COR1, Class ASB,
              2.972%, 10/10/2049 505,000 495,911

53



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

Shares or
Principal
      Amount       Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial and
residential (continued)
Commercial Mortgage Trust (Deutsche
       Bank AG)
       Series 2014-LC15, Class A4
       4.006%, 04/10/2047 $ 485,000 $ 502,890
Commercial Mortgage Trust (Deutsche
       Bank AG/Jefferies & Company)
       Series 2014-UBS5, Class ASB
       3.548%, 09/10/2047 358,000 363,707
Commercial Mortgage Trust (Deutsche
       Bank AG/UBS)
       Series 2014-UBS2, Class A5
       3.961%, 03/10/2047 180,000 185,881
CSAIL Commercial Mortgage Trust
       Series 2015-C3, Class A4,
              3.718%, 08/15/2048 678,000 686,518
       Series 2015-C4, Class A4,
              3.808%, 11/15/2048 1,728,000 1,772,559
       Series 2016-C5, Class ASB,
              3.533%, 11/15/2048 261,000 263,011
DBJPM Mortgage Trust
       Series 2017-C6, Class ASB
       3.121%, 06/10/2050 298,000 292,684
GS Mortgage Securities Trust
       Series 2012-GCJ7, Class AAB,
              2.935%, 05/10/2045 182,784 183,098
       Series 2013-GC16, Class A2,
              3.033%, 11/10/2046 383,007 383,498
       Series 2014-GC18, Class A3,
              3.801%, 01/10/2047 447,000 457,014
       Series 2015-GC35, Class A4,
              3.506%, 10/10/2048 594,000 594,413
       Series 2016-GS3, Class A4,
              2.850%, 10/10/2049 508,000 484,126
       Series 2016-GS3, Class AAB,
              2.777%, 10/10/2049 762,000 741,735
Impact Funding Affordable Multifamily
       Housing Mortgage Loan Trust
       Series 2010-1, Class A1
       5.314%, 01/25/2051 (E) 2,735,377 2,912,758
JPMBB Commercial Mortgage
       Securities Trust
       Series 2013-C15, Class A2,
              2.977%, 11/15/2045 641,390 641,530
       Series 2014-C21, Class A5,
              3.775%, 08/15/2047 1,115,000 1,141,283
       Series 2014-C23, Class A4,
              3.670%, 09/15/2047 567,000 576,684
       Series 2015-C28, Class A2,
              2.773%, 10/15/2048 470,000 468,857
       Series 2015-C28, Class A3,
              2.912%, 10/15/2048 2,646,000 2,579,985
       Series 2015-C28, Class A4,
              3.227%, 10/15/2048 751,000 742,310
       Series 2015-C30, Class A5,
              3.822%, 07/15/2048 643,000 657,804
JPMCC Commercial Mortgage
       Securities Trust
       Series 2017-JP5, Class ASB,
              3.548%, 03/15/2050 1,441,000 1,452,125
       Series 2017-JP6, Class ASB,
              3.282%, 07/15/2050 563,000 558,431
JPMDB Commercial Mortgage Securities
       Trust
       Series 2017-C5, Class ASB
       3.492%, 03/15/2050 202,000 202,799
JPMorgan Chase Commercial Mortgage
       Securities Trust
       Series 2010-CNTR, Class A2,
              4.311%, 08/05/2032 (E) 1,306,762 1,332,214
       Series 2011-C4, Class A3,
              4.106%, 07/15/2046 (E) 1,402,709 1,403,060
       Series 2012-CBX, Class A4,
              3.483%, 06/15/2045 813,000 819,834
       Series 2013-C13, Class A2,
              2.665%, 01/15/2046 1,473,949 1,472,867
       Series 2014-C20, Class A2,
              2.872%, 07/15/2047 450,000 450,343
       Series 2014-C20, Class A5,
              3.805%, 07/15/2047 55,000 56,308
       Series 2015-JP1, Class ASB,
              3.733%, 01/15/2049 605,000 617,638
       Series 2016-JP2, Class A1,
              1.324%, 08/15/2049 663,074 649,134
       Series 2016-JP2, Class ASB,
              2.713%, 08/15/2049 688,000 666,274
JPMorgan Mortgage Trust
       Series 2016-5, Class A1
       2.600%, 12/25/2046 (E)(F) 2,026,765 2,007,778
Morgan Stanley Bank of America Merrill
       Lynch Trust
       Series 2013-C10, Class A2,
              2.964%, 07/15/2046 92,887 92,815
       Series 2013-C9, Class A2,
              1.970%, 05/15/2046 12,920 12,906
       Series 2015-C25, Class A5,
              3.635%, 10/15/2048 618,000 624,106
       Series 2015-C27, Class A4,
              3.753%, 12/15/2047 896,000 911,833
       Series 2016-C28, Class A4,
              3.544%, 01/15/2049 328,000 329,276
Morgan Stanley Capital I Trust
       Series 2015-UBS8, Class A3,
              3.540%, 12/15/2048 473,000 474,983
       Series 2016-UB11, Class A1,
              1.445%, 08/15/2049 914,910 896,842
       Series 2016-UB11, Class ASB,
              2.606%, 08/15/2049 579,000 558,596
       Series 2016-UBS9, Class A1,
              1.711%, 03/15/2049 554,038 545,466
UBS Commercial Mortgage Trust
       Series 2017-C7, Class A4,
              3.679%, 12/15/2050 867,000 871,052
       Series 2018-C, Class A4,
              4.117%, 03/15/2051 931,000 963,566
UBS-Barclays Commercial Mortgage
       Trust
       Series 2012-C2, Class A4
       3.525%, 05/10/2063 779,000 790,431
50,045,300
U.S. Government Agency – 3.0%
Federal Home Loan Mortgage Corp.
       Series 3829, Class ED,
              3.500%, 10/15/2028 60,505 60,518

54



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

Shares or
Principal
      Amount       Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal Home Loan
       Mortgage Corp. (continued)
       Series 3838, Class QE,
              3.500%, 01/15/2029 $ 226,831 $ 227,316
       Series 4425, Class A,
              4.000%, 09/15/2040 933,100 965,237
       Series 4640, Class LD,
              4.000%, 09/15/2043 3,653,654 3,787,787
       Series 4700, Class QJ,
              4.000%, 07/15/2044 2,827,435 2,936,598
       Series 4705, Class A,
              4.500%, 09/15/2042 1,879,770 1,989,764
       Series 4742, Class PA,
              3.000%, 10/15/2047 8,145,436 8,034,803
       Series 4767 KA, Class KA,
              3.000%, 03/15/2048 2,489,850 2,485,972
       Series 4782, Class BA,
              4.500%, 11/15/2044 2,992,000 3,123,209
Federal National Mortgage Association
       Series 1998-61, Class PL,
              6.000%, 11/25/2028 476 518
       Series 2011-43, Class AN,
              3.500%, 12/25/2028 139,946 139,891
       Series 2013-30, Class CA,
              1.500%, 04/25/2043 549,272 512,246
       Series 2014-40, Class EP,
              3.500%, 10/25/2042 833,922 849,440
       Series 2015-M3, Class FA (1 month
              LIBOR + 0.220%),
              1.808%, 06/25/2018 (B) 54,350 54,300
       Series 2016-59, Class CA,
              3.500%, 09/25/2043 3,965,115 4,013,348
       Series 2017-13, Class PA,
              3.000%, 08/25/2046 1,477,509 1,469,716
       Series 2017-M13, Class A2,
              2.939%, 09/25/2027 (F) 959,000 935,870
       Series 2017-M7, Class A2,
              2.961%, 02/25/2027 (F) 899,000 880,225
       Series 2018-14, Class KC,
              3.000%, 03/25/2048 2,641,827 2,636,270
       Series 2018-15, Class AB,
              3.000%, 03/25/2048 615,850 613,962
       Series 2018-15, Class CA,
              3.000%, 03/25/2048 600,889 599,085
Government National Mortgage
       Association
       Series 2012-141, Class WA
       4.525%, 11/16/2041 (F) 431,657 458,021
36,774,096
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $88,790,529) $ 86,819,396
 
ASSET BACKED SECURITIES – 12.6%
Ally Auto Receivables Trust
       Series 2015-1, Class A4
              1.750%, 05/15/2020 590,000 587,083
       Series 2015-2, Class A4
              1.840%, 06/15/2020 482,000 479,614
       Series 2018-1, Class A4
              2.530%, 02/15/2023 547,000 542,823
Ally Master Owner Trust
       Series 2017-1, Class A (1 month
       LIBOR + 0.400%)
       2.177%, 02/15/2021 (B) 755,000 755,978
Avis Budget Rental Car Funding
       AESOP LLC
       Series 2016-2A, Class A
       2.720%, 11/20/2022 (E) 649,000 636,808
California Republic Auto Receivables
       Trust
       Series 2016-1, Class A4
       2.240%, 10/15/2021 955,000 947,825
Capital Auto Receivables Asset Trust
       Series 2015-4, Class A4
              2.010%, 07/20/2020 958,000 954,284
       Series 2016-2, Class A4
              1.980%, 10/20/2020 765,000 760,873
       Series 2016-3, Class A4
              1.690%, 03/20/2021 601,000 593,130
       Series 2018-1, Class A4
              2.930%, 06/20/2022 (E) 1,474,000 1,474,494
Citibank Credit Card Issuance Trust
       Series 2018-A2, Class A2 (1 month
       LIBOR + 0.330%)
       2.152%, 01/21/2025 (B) 3,496,000 3,495,998
College Ave Student Loans LLC
       Series 2017-A, Class A1 (1 month
       LIBOR + 1.650%)
       3.271%, 11/26/2046 (B)(E) 1,018,590 1,042,902
Ford Credit Auto Owner Trust
       Series 2015-A, Class A4
              1.640%, 06/15/2020 629,000 626,083
       Series 2018-1, Class A
              3.190%, 07/15/2031 (E) 1,869,000 1,862,591
Hertz Vehicle Financing II LP
       Series 2015-1A, Class A
              2.730%, 03/25/2021 (E) 2,321,000 2,303,281
       Series 2015-3A, Class A
              2.670%, 09/25/2021 (E) 2,311,000 2,279,262
       Series 2016-2A, Class A
              2.950%, 03/25/2022 (E) 820,000 811,760
       Series 2016-3A, Class A
              2.270%, 07/25/2020 (E) 1,647,000 1,632,705
       Series 2016-3A, Class B
              3.110%, 07/25/2020 (E) 514,000 512,546
       Series 2016-4A, Class A
              2.650%, 07/25/2022 (E) 1,568,000 1,531,860
       Series 2017-2A, Class A
              3.290%, 10/25/2023 (E) 1,269,000 1,257,711
       Series 2018-1A, Class A
              3.290%, 02/25/2024 (E) 983,000 972,439
Navient Private Education Loan Trust
       Series 2014-AA, Class A3 (1 month
              LIBOR + 1.600%)
              3.377%, 10/15/2031 (B)(E) 1,490,000 1,539,526
       Series 2014-CTA, Class A (1 month
              LIBOR + 0.700%)
              2.477%, 09/16/2024 (B)(E) 658,166 659,765
       Series 2015-CA, Class B
              3.250%, 05/15/2040 (E) 1,012,000 1,013,625
       Series 2016-AA, Class A2A
              3.910%, 12/15/2045 (E) 2,891,832 2,939,593
       Series 2016-AA, Class A2B (1 month
              LIBOR + 2.150%)
              3.738%, 12/15/2045 (B)(E) 850,594 891,247
       Series 2017-A, Class A2B (1 month
              LIBOR + 0.900%)
              2.677%, 12/16/2058 (B)(E) 1,457,000 1,473,141

55



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

Shares or
Principal
      Amount       Value
ASSET BACKED SECURITIES (continued)
Navient Private Education Refi Loan
       Trust
       Series 2018-A, Class A2
       3.190%, 02/18/2042 (E) $ 485,000 $ 483,892
Navient Student Loan Trust
       Series 2014-1, Class A3 (1 month
              LIBOR + 0.510%)
              2.382%, 06/25/2031 (B) 1,200,000 1,196,457
       Series 2015-1, Class A2 (1 month
              LIBOR + 0.600%)
              2.472%, 04/25/2040 (B) 291,000 291,648
       Series 2016-1A, Class A (1 month
              LIBOR + 0.700%)
              2.572%, 02/25/2070 (B)(E) 4,600,009 4,613,920
       Series 2016-3A, Class A2 (1 month
              LIBOR + 0.850%)
              2.722%, 06/25/2065 (B)(E) 700,000 706,355
       Series 2017-2A, Class A (1 month
              LIBOR + 1.050%)
              2.922%, 12/27/2066 (B)(E) 1,975,101 2,001,709
Nelnet Student Loan Trust
       Series 2004-3, Class A5 (3 month
              LIBOR + 0.180%)
              1.925%, 10/27/2036 (B) 1,776,591 1,756,019
       Series 2004-4, Class A5 (3 month
              LIBOR + 0.160%)
              1.905%, 01/25/2037 (B) 1,034,421 1,032,335
       Series 2005-1, Class A5 (3 month
              LIBOR + 0.110%)
              1.855%, 10/25/2033 (B) 4,104,815 4,043,539
       Series 2005-2, Class A5 (3 month
              LIBOR + 0.100%)
              2.308%, 03/23/2037 (B) 1,155,566 1,138,672
       Series 2005-3, Class A5 (3 month
              LIBOR + 0.120%)
              1.778%, 12/24/2035 (B) 2,862,492 2,819,564
       Series 2005-4, Class A4 (3 month
              LIBOR + 0.180%)
              1.838%, 03/22/2032 (B) 859,000 846,143
       Series 2006-2, Class A6 (3 month
              LIBOR + 0.120%)
              1.865%, 04/25/2031 (B) 2,969,000 2,990,608
       Series 2010-4A, Class A (1 month
              LIBOR + 0.800%)
              2.421%, 04/25/2046 (B)(E) 448,796 453,086
       Series 2012-4A, Class A (1 month
              LIBOR + 0.700%)
              2.321%, 09/27/2038 (B)(E) 3,896,712 3,924,215
       Series 2016-1A, Class A (1 month
              LIBOR + 0.800%)
              2.421%, 09/25/2065 (B)(E) 1,458,771 1,474,271
       Series 2017-2A, Class A (1 month
              LIBOR + 0.770%)
              2.642%, 09/25/2065 (B)(E) 2,328,864 2,327,699
       Series 2017-3A, Class A (1 month
              LIBOR + 0.850%)
              2.722%, 02/25/2066 (B)(E) 2,174,370 2,187,888
SLM Private Education Loan Trust
       Series 2013-C, Class A2A
       2.940%, 10/15/2031 (E) 728,488 730,495
SLM Student Loan Trust
       Series 2003-1, Class ASC (3 month
              LIBOR + 0.750%)
              2.338%, 12/15/2032 (B)(E) 976,243 972,621
       Series 2004-10, Class A7A (3 month
              LIBOR + 0.750%)
              2.495%, 10/25/2029 (B)(E) 2,394,000 2,393,029
       Series 2005-6, Class A5B (3 month
              LIBOR + 1.200%)
              2.945%, 07/27/2026 (B) 90,209 90,303
       Series 2005-7, Class A4 (3 month
              LIBOR + 0.150%)
              1.895%, 10/25/2029 (B) 1,925,167 1,913,814
       Series 2005-9, Class A7A (3 month
              LIBOR + 0.600%)
              2.341%, 01/25/2041 (B) 581,000 581,890
       Series 2006-1, Class A5 (3 month
              LIBOR + 0.110%)
              1.855%, 07/26/2021 (B) 2,157,847 2,126,137
       Series 2006-3, Class A5 (3 month
              LIBOR + 0.100%)
              1.845%, 01/25/2021 (B) 2,034,611 2,013,309
       Series 2007-1, Class A6 (3 month
              LIBOR + 0.140%)
              1.885%, 01/27/2042 (B) 965,000 932,774
       Series 2007-2, Class A4 (3 month
              LIBOR + 0.060%)
              1.805%, 07/25/2022 (B) 3,133,000 3,048,121
       Series 2010-1, Class A (1 month
              LIBOR + 0.400%)
              2.272%, 03/25/2025 (B) 1,277,403 1,256,656
       Series 2012-1, Class A3 (1 month
              LIBOR + 0.950%)
              2.571%, 09/25/2028 (B) 3,071,865 3,087,331
       Series 2012-2, Class A (1 month
              LIBOR + 0.700%)
              2.572%, 01/25/2029 (B) 1,745,998 1,742,618
       Series 2012-6, Class A3 (1 month
              LIBOR + 0.750%)
              2.622%, 05/26/2026 (B) 1,704,113 1,697,232
       Series 2013-4, Class4 A (1 month
              LIBOR + 0.550%)
              2.422%, 06/25/2043 (B) 568,876 569,802
SMB Private Education Loan Trust
       Series 2015-A, Class A2A
              2.490%, 06/15/2027 (E) 546,292 539,448
       Series 2015-A, Class A2B (1 month
              LIBOR + 1.000%)
              2.777%, 06/15/2027 (B)(E) 2,348,227 2,368,828
       Series 2015-B, Class A2A
              2.980%, 07/15/2027 (E) 645,027 641,540
       Series 2015-B, Class A2B (1 month
              LIBOR + 1.200%)
              2.977%, 07/15/2027 (B)(E) 2,071,957 2,093,638
       Series 2015-C, Class A2A
              2.750%, 07/15/2027 (E) 888,826 883,041
       Series 2015-C, Class A2B (1 month
              LIBOR + 1.400%)
              3.177%, 07/15/2027 (B)(E) 740,947 751,937
       Series 2016-A, Class A2A
              2.700%, 05/15/2031 (E) 3,918,203 3,860,127
       Series 2016-A, Class A2B (1 month
              LIBOR + 1.500%)
              3.277%, 05/15/2031 (B)(E) 2,319,678 2,389,608
       Series 2016-B, Class A2A
              2.430%, 02/17/2032 (E) 364,000 354,849
       Series 2016-B, Class A2B (1 month
              LIBOR + 1.450%)
              3.227%, 02/17/2032 (B)(E) 3,521,000 3,616,541

56



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

      Shares or       
Principal 
Amount  Value
ASSET BACKED SECURITIES (continued)
SMB Private Education
       Loan Trust (continued)
       Series 2016-C, Class A2A
              2.340%, 09/15/2034 (E) $ 2,576,000 $ 2,498,289
       Series 2016-C, Class A2B (1 month
              LIBOR + 1.100%)
              2.877%, 09/15/2034 (B)(E) 2,520,000 2,562,766
       Series 2017-A, Class A2B (1 month
              LIBOR + 0.900%)
              2.677%, 09/15/2034 (B)(E) 3,397,000 3,439,064
       Series 2017-B, Class A2B (1 month
              LIBOR + 0.750%)
              2.527%, 10/15/2035 (B)(E) 1,800,000 1,808,994
       Series 2018-A, Class A2A
              3.500%, 02/15/2036 (E) 3,701,000 3,700,324
       Series 2018-A, Class A2B (1 month
              LIBOR + 0.800%)
              2.380%, 02/15/2036 (B)(E) 722,000 722,000
SoFi Professional Loan Program LLC
       Series 2016-A, Class A2
              2.760%, 12/26/2036 (E) 1,010,240 1,001,350
       Series 2016-D, Class A1 (1 month
              LIBOR + 0.950%)
              2.822%, 01/25/2039 (B)(E) 277,085 279,856
       Series 2016-E, Class A1 (1 month
              LIBOR + 0.850%)
              2.722%, 07/25/2039 (B)(E) 683,185 689,307
       Series 2017-A, Class A1 (1 month
              LIBOR + 0.700%)
              2.321%, 03/26/2040 (B)(E) 644,751 649,992
       Series 2017-B, Class A2FX
              2.740%, 05/25/2040 (E) 892,000 881,889
       Series 2017-C, Class A2B
              2.630%, 07/25/2040 (E) 1,350,000 1,325,082
       Series 2017-E, Class A1 (1 month
              LIBOR + 0.500%)
              2.372%, 11/26/2040 (B)(E) 614,606 616,572
       Series 2017-E, Class A2B
              2.720%, 11/26/2040 (E) 2,240,000 2,201,155
       Series 2017-F, Class A2FX
              2.840%, 01/25/2041 (E) 1,594,000 1,567,969
       Series 2018-A, Class A2B
              2.950%, 02/25/2042 (E) 2,043,000 2,015,154
       Series 2018-B, Class A2FX
              3.340%, 08/25/2047 (E) 1,917,000 1,925,476
Synchrony Credit Card Master
       Note Trust
       Series 2015-1, Class A
              2.370%, 03/15/2023 699,000 693,723
       Series 2016-2, Class A
              2.210%, 05/15/2024 442,000 432,581
       Series 2016-3, Class A
              1.580%, 09/15/2022 2,768,000 2,724,992
Verizon Owner Trust
       Series 2018-1A, Class A1A
       2.820%, 09/20/2022 (E) 1,033,000 1,033,059
World Financial Network Credit Card
       Master Trust
       Series 2015-B, Class A
              2.550%, 06/17/2024 105,000 103,989
       Series 2016-A, Class A
              2.030%, 04/15/2025 2,911,000 2,826,761
       Series 2016-C, Class A
              1.720%, 08/15/2023 1,112,000 1,093,591
       Series 2017-A, Class A
              2.120%, 03/15/2024 1,689,000 1,664,193
       Series 2017-C, Class A
              2.310%, 08/15/2024 2,563,000 2,518,950
World Omni Auto Receivables Trust
       Series 2014-B, Class A4
       1.680%, 12/15/2020 494,000 491,575
TOTAL ASSET BACKED SECURITIES
(Cost $150,949,709) $ 150,991,309
 
SECURITIES LENDING COLLATERAL – 1.1%
John Hancock Collateral Trust,
       1.8276% (G)(H) 1,368,608 13,688,543
TOTAL SECURITIES LENDING COLLATERAL
(Cost $13,688,873) $ 13,688,543
 
SHORT-TERM INVESTMENTS – 3.3%
Money market funds – 3.3%
State Street Institutional
       U.S. Government Money Market
       Fund, Premier Class, 1.5812% (G) 39,382,542 39,382,542
TOTAL SHORT-TERM INVESTMENTS (Cost $39,382,542) $ 39,382,542
Total Investments (Core Bond Trust)
       (Cost $1,359,975,011) – 111.8% $ 1,341,742,850
Other assets and liabilities, net – (11.8%) (141,769,336 )
TOTAL NET ASSETS – 100.0% $ 1,199,973,514

Security Abbreviations and Legend

LIBOR        

London Interbank Offered Rate

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)

A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $13,408,556.

(B)

Variable rate obligation. The coupon rate shown represents the rate at period end.

(C)

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.

(D)

Security purchased or sold on a when-issued or delayed delivery basis.

(E)

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. Rule 144A securities amounted to $149,122,530 or 12.4% of the fund’s net assets as of 3-31-18.

(F)

Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end.

(G)

The rate shown is the annualized seven-day yield as of 3-31-18.

(H)

Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

Emerging Markets Value Trust

      Shares or      
Principal
Amount Value
COMMON STOCKS – 97.0%
Brazil – 7.2%
Aliansce Shopping Centers SA 16,950 $ 96,419
Banco do Brasil SA 241,183 2,997,392
Banco Santander Brasil SA 104,477 1,262,984

57



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Brazil (continued)
Brasil Brokers Participacoes SA (A) 34,340 $ 5,201
BrasilAgro - Co Brasileira de
       Propriedades Agricolas 9,500 37,408
Construtora Tenda SA (A) 33,362 266,274
Cosan SA Industria e Comercio 60,342 758,696
Cyrela Brazil Realty SA
       Empreendimentos e Participacoes 89,323 413,681
Direcional Engenharia SA (A) 46,600 85,819
Duratex SA 139,631 501,182
Embraer SA 327,678 2,138,897
Eternit SA (A) 22,300 5,741
Even Construtora e Incorporadora
       SA (A) 26,200 41,505
Ez Tec Empreendimentos e
       Participacoes SA 33,726 235,774
Fibria Celulose SA 24,998 492,396
Fibria Celulose SA, ADR 40,591 791,525
Gafisa SA (A) 5,286 16,331
Gafisa SA, ADR (A) 1,578 9,878
Gerdau SA 50,229 200,067
Gerdau SA, ADR 272,895 1,271,691
Helbor Empreendimentos SA (A) 111,305 50,571
International Meal Company
       Alimentacao SA (A) 57,700 148,556
Iochpe Maxion SA 64,583 511,938
JBS SA 436,161 1,235,247
JHSF Participacoes SA (A) 56,500 26,526
Kepler Weber SA (A) 12,700 46,623
Kroton Educacional SA 115,724 476,714
Magnesita Refratarios SA 22,850 402,814
Marcopolo SA 14,300 13,644
Mills Estruturas e Servicos de
       Engenharia SA (A) 32,877 32,265
MRV Engenharia e Participacoes SA 176,965 871,036
Paranapanema SA (A) 5,000 2,257
Petro Rio SA (A) 4,071 72,753
Petroleo Brasileiro SA (A) 1,256,990 8,894,058
Petroleo Brasileiro SA, ADR (A) 118,149 1,670,627
Petroleo Brasileiro SA, ADR (A) 125,921 1,635,714
Porto Seguro SA 9,210 135,467
Profarma Distribuidora de Produtos
       Farmaceuticos SA (A) 15,491 28,200
QGEP Participacoes SA 47,360 163,105
Restoque Comercio e Confeccoes de
       Roupas SA (A) 2,875 27,257
Santos Brasil Participacoes SA (A) 83,700 89,494
Sao Carlos Empreendimentos e
       Participacoes SA 7,005 79,886
SLC Agricola SA 31,418 328,792
Springs Global Participacoes SA (A) 12,400 41,541
Sul America SA 70,300 467,396
Suzano Papel e Celulose SA 175,762 1,776,014
Technos SA (A) 24,300 20,609
Tecnisa SA (A) 42,889 20,136
TPI - Triunfo Participacoes e
       Investimentos SA (A) 22,800 16,091
Tupy SA 33,051 169,888
Usinas Siderurgicas de Minas Gerais
       SA (A) 44,238 164,949
Vale SA 1,876,183 23,987,546
55,236,575
Chile – 1.3%
Besalco SA 54,208 62,935
CAP SA 34,732 401,957
Cementos BIO BIO SA 16,447 25,063
Cencosud SA 599,051 1,836,736
Cia Pesquera Camanchaca SA (A) 114,725 11,298
Cia Sud Americana de Vapores SA (A) 899,596 39,124
Cristalerias de Chile SA 29,077 308,015
Empresa Nacional de
       Telecomunicaciones SA 14,637 169,571
Empresas AquaChile SA (A) 21,920 12,710
Empresas CMPC SA 358,395 1,366,203
Empresas COPEC SA 111,695 1,740,258
Empresas Hites SA 46,731 48,238
Empresas La Polar SA (A) 750,451 61,700
Enel Americas SA, ADR 108,748 1,263,652
Enel Chile SA, ADR 97,949 626,874
Grupo Security SA 262,124 133,470
Inversiones Aguas Metropolitanas SA 53,753 98,907
Itau CorpBanca 30,270,046 291,075
Latam Airlines Group SA 21,014 329,469
Masisa SA (A) 1,264,197 111,144
PAZ Corp. SA 68,444 104,308
Ripley Corp. SA 488,158 501,228
Salfacorp SA 158,748 307,707
Sigdo Koppers SA 42,080 81,482
Sociedad Matriz SAAM SA 1,938,521 199,020
Socovesa SA 234,318 149,370
Vina Concha y Toro SA 66,384 141,906
10,423,420
China – 12.4%
361 Degrees International, Ltd. 140,000 45,398
Agile Group Holdings, Ltd. 551,000 1,149,067
Agricultural Bank of China, Ltd.,
       H Shares 4,720,000 2,710,429
Air China, Ltd., H Shares 114,000 147,223
Angang Steel Company, Ltd., H
       Shares (B) 198,000 192,106
Anton Oilfield Services Group (A)(B) 550,000 69,283
Asia Cement China Holdings Corp. 171,000 75,661
Asia Plastic Recycling Holding, Ltd. 80,065 30,689
AVIC International Holdings, Ltd.,
       H Shares 110,000 75,567
AviChina Industry & Technology
       Company, Ltd., H Shares 188,000 133,560
BAIC Motor Corp., Ltd., H Shares (C) 327,500 405,160
Bank of China, Ltd., H Shares 13,265,694 7,246,510
Bank of Chongqing Company, Ltd.,
       H Shares 192,000 150,169
Bank of Communications
       Company, Ltd., H Shares 1,136,876 898,804
Baoye Group Company, Ltd., H
       Shares (A) 70,000 45,037
BBMG Corp., H Shares (B) 431,000 196,406
Beijing Capital Land, Ltd., H Shares 174,000 107,203
Beijing North Star Company, Ltd.,
       H Shares 182,000 63,236
Boer Power Holdings, Ltd. (A) 130,000 25,979
Boyaa Interactive
       International, Ltd. (A)(B) 126,000 49,076
Cabbeen Fashion, Ltd. 80,000 22,372
Central China Real Estate, Ltd. (A) 254,732 117,474
Changshouhua Food Company, Ltd. 30,000 13,833
Chaowei Power Holdings, Ltd. (B) 180,000 97,992
Chigo Holding, Ltd. (A) 1,328,000 17,313
China Aoyuan Property Group, Ltd. 345,000 321,992
China BlueChemical, Ltd., H Shares 420,000 118,707
China Cinda Asset Management
       Company, Ltd., H Shares 1,634,000 598,267

58



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
China (continued)
China CITIC Bank Corp., Ltd., H Shares 1,181,775 $ 815,399
China Coal Energy Company, Ltd.,
       H Shares 401,000 161,301
China Communications
       Construction Company, Ltd., H Shares 951,000 983,416
China Communications Services Corp.,
       Ltd., H Shares 659,200 396,647
China Construction Bank Corp.,
       H Shares 15,188,000 15,863,928
China Dongxiang Group Company, Ltd. 920,000 160,850
China Eastern Airlines Corp., Ltd., H
       Shares (B) 370,000 271,326
China Electronics Optics Valley Union
       Holding Company, Ltd. 404,000 35,285
China Energy Engineering Corp., Ltd.,
       H Shares 292,000 54,168
China Everbright Bank Company, Ltd.,
       H Shares 491,000 237,882
China Galaxy Securities Company, Ltd.,
       H Shares 162,000 108,756
China Greenfresh Group Company, Ltd. 120,000 18,990
China Harmony New Energy Auto
       Holding, Ltd. (B) 148,000 96,137
China Hongqiao Group, Ltd. (B) 482,000 529,588
China Huarong Asset Management
       Company, Ltd., H Shares (C) 1,934,000 819,804
China Huiyuan Juice Group, Ltd. (A) 212,500 54,932
China International Capital Corp., Ltd.,
       H Shares (C) 76,400 154,833
China International Marine Containers
       Group Company, Ltd., H Shares 43,200 67,747
China Lesso Group Holdings, Ltd. 298,000 227,814
China Machinery Engineering Corp.,
       H Shares 237,000 126,269
China Minsheng Banking Corp., Ltd.,
       H Shares 829,500 813,568
China National Building Material
       Company, Ltd., H Shares (B) 942,000 1,036,460
China National Materials Company, Ltd.,
       H Shares 397,000 364,763
China Oilfield Services, Ltd., H Shares 312,000 327,298
China Oriental Group Company, Ltd. (B) 194,000 133,588
China Petroleum & Chemical
       Corp., ADR 61,889 5,475,939
China Petroleum & Chemical Corp.,
       H Shares 718,000 636,926
China Railway Construction Corp., Ltd.,
       H Shares 559,665 563,199
China Railway Group, Ltd., H Shares 792,000 551,593
China Reinsurance Group Corp.,
       H Shares 697,000 145,433
China Resources Pharmaceutical
       Group, Ltd. (C) 8,500 11,956
China Rundong Auto Group, Ltd. (A)(C) 26,000 10,007
China Saite Group Company, Ltd. (A) 296,000 21,192
China Sanjiang Fine Chemicals
       Company, Ltd. 105,000 43,270
China SCE Property Holdings, Ltd. 462,200 241,204
China Shengmu Organic
       Milk, Ltd. (A)(B)(C) 129,000 17,649
China Shenhua Energy Company, Ltd.,
       H Shares 938,000 2,354,127
China Shineway Pharmaceutical
       Group, Ltd. 107,000 163,779
China Silver Group, Ltd. 114,000 25,131
China Sunshine Paper Holdings
       Company, Ltd. 71,000 21,785
China Taifeng Beddings
       Holdings, Ltd. (A)(D) 204,000 28,073
China XLX Fertiliser, Ltd. 115,000 48,002
China ZhengTong Auto Services
       Holdings, Ltd. 172,500 126,706
China Zhongwang Holdings, Ltd. (B) 562,400 335,805
Chongqing Machinery & Electric
       Company, Ltd., H Shares 398,000 39,303
Chongqing Rural Commercial Bank
       Company, Ltd., H Shares 757,000 585,171
Chu Kong Petroleum & Natural Gas
       Steel Pipe Holdings, Ltd. (A) 111,000 12,530
CITIC Securities Company, Ltd.,
       H Shares 100,000 231,767
CNOOC, Ltd. 4,993,000 7,393,081
Coland Holdings, Ltd. 24,000 39,238
Comtec Solar Systems Group, Ltd. (A) 248,000 7,212
Coolpad Group, Ltd. (A)(D) 32,200 1,772
COSCO SHIPPING Energy
       Transportation Company, Ltd.,
       H Shares 324,000 167,428
CPMC Holdings, Ltd. 56,000 36,165
CRCC High-Tech Equipment Corp., Ltd.,
       H Shares (B) 119,000 24,639
CSMall Group, Ltd. (A) 1,900 569
Dalian Port PDA Company, Ltd.,
       H Shares 323,400 54,603
Daphne International Holdings, Ltd. (A) 172,000 10,465
Dongfeng Motor Group Company, Ltd.,
       H Shares 514,000 600,064
Dongyue Group, Ltd. 47,000 45,900
E-Commodities Holdings, Ltd. 348,000 33,159
Everbright Securities Company, Ltd., H
       Shares (B)(C) 48,600 56,679
Evergreen International Holdings, Ltd. 122,000 9,864
Fantasia Holdings Group
       Company, Ltd. (B) 670,500 131,371
Fosun International, Ltd. 373,960 820,493
Fufeng Group, Ltd. 334,200 199,484
Future Land Development Holdings, Ltd. 86,000 73,705
GF Securities Company, Ltd., H Shares 24,400 45,195
GOME Retail Holdings, Ltd. (B) 2,644,000 287,875
Grand Baoxin Auto Group, Ltd. (A)(B) 74,500 31,521
Green Seal Holding, Ltd. 36,000 60,978
Greenland Hong Kong Holdings, Ltd. 245,625 119,433
Greentown China Holdings, Ltd. (B) 153,500 209,925
Guangdong Yueyun Transportation
       Company, Ltd., H Shares 30,000 18,485
Guangshen Railway
       Company, Ltd., ADR 15,522 457,899
Guangzhou R&F Properties
       Company, Ltd., H Shares 312,400 790,106
Guodian Technology & Environment
       Group Corp., Ltd., H Shares (A) 219,000 13,994
Guolian Securities Company, Ltd.,
       H Shares 45,000 17,975
Guorui Properties, Ltd. 84,000 22,333
Haitong Securities Company, Ltd.,
       H Shares 456,000 607,374
Harbin Bank Company, Ltd., H
       Shares (C) 126,000 36,186
Harbin Electric Company, Ltd., H Shares 184,000 65,026
Hilong Holding, Ltd. 319,000 49,245

59



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
China (continued)
Hiroca Holdings, Ltd. 33,000 $ 122,761
HNA Infrastructure Company, Ltd.,
       H Shares 47,000 50,600
Honworld Group, Ltd. (C) 88,500 40,263
Hopefluent Group Holdings, Ltd. 46,000 22,113
Hua Hong Semiconductor, Ltd. (C) 100,000 200,270
Huaneng Renewables Corp., Ltd.,
       H Shares 1,318,000 496,270
Huishang Bank Corp., Ltd., H Shares 83,000 40,958
Hydoo International Holding, Ltd. (A) 388,000 31,224
Industrial & Commercial Bank of
       China, Ltd., H Shares 19,259,000 16,783,949
Inner Mongolia Yitai Coal
       Company, Ltd., H Shares (B) 14,200 17,538
Jiangnan Group, Ltd. (B) 406,000 25,160
Jiangxi Copper Company, Ltd., H Shares 222,000 319,728
JinkoSolar Holding Company, Ltd.,
       ADR (A) 5,343 97,510
Kangda International Environmental
       Company, Ltd. (C) 209,000 39,353
KWG Property Holding, Ltd. 382,513 531,691
Legend Holdings Corp., H Shares (C) 88,200 292,909
Leoch International Technology, Ltd. 102,000 16,475
Lianhua Supermarket Holdings
       Company, Ltd., H Shares (A) 114,000 34,993
Longfor Properties Company, Ltd. 318,000 980,490
Lonking Holdings, Ltd. 304,000 130,771
Maanshan Iron & Steel Company, Ltd.,
       H Shares (A) 380,000 164,948
Maoye International Holdings, Ltd. 426,000 48,001
Metallurgical Corp. of China, Ltd.,
       H Shares 437,000 125,463
Modern Land China Company, Ltd. 176,400 35,670
NVC Lighting Holding, Ltd. 267,000 30,544
Ourgame International Holdings, Ltd. (A) 46,000 12,198
Parkson Retail Group, Ltd. (A) 311,000 36,238
PetroChina Company, Ltd., H Shares 5,822,000 4,044,067
Poly Culture Group Corp., Ltd.,
       H Shares 22,400 39,801
Postal Savings Bank of China
       Company, Ltd., H Shares (C) 577,000 365,965
Powerlong Real Estate Holdings, Ltd. 384,000 203,903
PW Medtech Group, Ltd. (A) 199,000 32,838
Qingdao Port International
       Company, Ltd., H Shares (C) 53,000 39,383
Qingling Motors Company, Ltd.,
       H Shares 278,000 91,436
Qunxing Paper Holdings
       Company, Ltd. (A)(D) 634,371 0
Red Star Macalline Group Corp., Ltd., H
       Shares (C) 87,400 103,042
Renhe Commercial Holdings
       Company, Ltd. (A)(B) 4,426,000 86,656
Ronshine China Holdings, Ltd. (A) 109,000 160,010
Sany Heavy Equipment International
       Holdings Company, Ltd. 307,000 89,959
Semiconductor Manufacturing
       International Corp. (A)(B) 286,000 378,422
Semiconductor Manufacturing
       International Corp., ADR (A)(B) 96,334 635,804
Shandong Chenming Paper
       Holdings, Ltd., H Shares 52,000 88,534
Shanghai Electric Group Company, Ltd.,
       H Shares (A)(B) 296,000 102,992
Shanghai Jin Jiang International Hotels
       Group Company, Ltd., H Shares 344,000 141,932
Shanghai Prime Machinery
       Company, Ltd., H Shares 306,000 55,574
Shengli Oil & Gas Pipe
       Holdings, Ltd. (A) 268,500 10,260
Shenguan Holdings Group, Ltd. 90,000 5,456
Shui On Land, Ltd. 974,961 266,852
Shunfeng International Clean
       Energy, Ltd. (A)(B) 424,000 16,350
Sino Harbour Holdings Group, Ltd. 240,000 12,465
Sino-Ocean Group Holding, Ltd. 725,473 531,226
Sinopec Engineering Group
       Company, Ltd., H Shares 341,000 340,096
Sinotrans, Ltd., H Shares 610,000 337,311
Sinotruk Hong Kong, Ltd. (B) 221,500 264,510
SOHO China, Ltd. 558,500 294,175
Springland International Holdings, Ltd. 197,000 47,418
Tenwow International Holdings, Ltd. (B) 121,000 19,710
The People’s Insurance Company Group
       of China, Ltd., H Shares 1,224,000 578,889
Tianneng Power International, Ltd. 32,000 38,124
Trigiant Group, Ltd. 154,000 23,289
V1 Group, Ltd. (A)(B) 217,400 6,130
Weichai Power Company, Ltd., H Shares 283,000 320,058
Weiqiao Textile Company, H Shares 150,000 76,749
West China Cement, Ltd. (A) 876,000 167,275
Wisdom Sports Group (B) 114,000 11,563
Xiamen International Port
       Company, Ltd., H Shares 410,000 75,050
Xingda International Holdings, Ltd. 291,505 99,417
Xingfa Aluminium Holdings, Ltd. (A) 29,000 23,279
Xinhua Winshare Publishing and Media
       Company, Ltd., H Shares 48,000 38,484
Xinjiang Xinxin Mining Industry
       Company, Ltd., H Shares (A) 243,000 32,513
Xinyuan Real Estate
       Company, Ltd., ADR 1,900 10,032
Xtep International Holdings, Ltd. 100,000 55,759
Yanzhou Coal Mining Company, Ltd.,
       H Shares 528,000 682,382
Youyuan International Holdings, Ltd. (A) 122,000 49,590
Yuanda China Holdings, Ltd. (A) 830,000 14,018
YuanShengTai Dairy Farm, Ltd. (A) 482,000 21,567
Yuzhou Properties Company, Ltd. 450,080 309,141
Zhejiang Glass Company, Ltd., H
       Shares (A)(D) 162,000 0
Zoomlion Heavy Industry Science and
       Technology Company, Ltd., H
       Shares (B) 269,200 103,694
95,486,488
Colombia – 0.3%
Almacenes Exito SA 87,403 515,523
Grupo Argos SA 125,619 846,134
Grupo de Inversiones Suramericana SA 76,621 1,022,323
Grupo Nutresa SA 3,271 30,415
2,414,395
Czech Republic – 0.2%
CEZ AS 66,372 1,653,054
Greece – 0.0%
Bank of Greece 1,882 33,998
Ellaktor SA (A) 80,249 154,963
GEK Terna Holding Real Estate
       Construction SA (A) 3,144 18,932

60



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Greece (continued)
Intracom Holdings SA (A) 6,841 $ 6,470
214,363
Hong Kong – 4.8%
Ajisen China Holdings, Ltd. 123,000 57,844
AMVIG Holdings, Ltd. 104,000 28,577
Anxin-China Holdings, Ltd. (A)(D) 1,648,000 0
Asian Citrus Holdings, Ltd. (A)(D) 249,000 19,036
Beijing Enterprises Environment
       Group, Ltd. (A) 72,000 8,962
Beijing Enterprises Holdings, Ltd. 93,000 489,746
Beijing Properties Holdings, Ltd. (A) 366,000 12,858
C C Land Holdings, Ltd. 585,126 134,173
Capital Environment
       Holdings, Ltd. (A)(B) 1,184,000 42,628
Carrianna Group Holdings
       Company, Ltd. 182,675 27,103
CECEP COSTIN New Materials
       Group, Ltd. (A)(D) 348,000 26,605
Century Sunshine Group
       Holdings, Ltd. (A) 165,000 5,271
CGN New Energy Holdings
       Company, Ltd. (B) 388,000 52,620
China Aerospace International
       Holdings, Ltd. 759,200 82,592
China Agri-Industries Holdings, Ltd. 607,300 268,469
China Everbright, Ltd. 250,000 528,089
China Fiber Optic Network System
       Group, Ltd. (A)(D) 150,800 2,690
China Foods, Ltd. 204,000 94,592
China Glass Holdings, Ltd. (A) 130,000 13,843
China High Precision Automation
       Group, Ltd. (A)(D) 18,000 2,844
China High Speed Transmission
       Equipment Group Company, Ltd. (B) 72,000 113,556
China Jinmao Holdings Group, Ltd. 1,252,000 722,563
China Longevity Group
       Company, Ltd. (A)(D) 93,000 16,234
China Lumena New Materials
       Corp. (A)(B)(D) 2,036,000 0
China Merchants Land, Ltd. (B) 260,000 55,107
China Merchants Port Holdings
       Company, Ltd. 242,487 538,822
China Mobile, Ltd. 1,265,500 11,598,807
China New Town Development
       Company, Ltd. (A) 810,165 29,502
China Oil & Gas Group, Ltd. (B) 1,240,000 100,416
China Overseas Grand Oceans
       Group, Ltd. 454,500 222,782
China Overseas Land & Investment, Ltd. 1,090,000 3,822,401
China Properties Group, Ltd. (A) 56,000 10,877
China Resources Cement Holdings, Ltd. 580,000 507,356
China Resources Land, Ltd. 788,000 2,895,633
China Singyes Solar Technologies
       Holdings, Ltd. (B) 213,400 78,465
China South City Holdings, Ltd. (B) 790,000 179,592
China Starch Holdings, Ltd. 185,000 7,370
China Travel International Investment
       Hong Kong, Ltd. 694,000 247,815
China Unicom Hong Kong, Ltd. (A) 896,000 1,146,254
China Unicom Hong Kong, Ltd.,
       ADR (A) 114,486 1,468,855
China Vast Industrial Urban
       Development Company, Ltd. (C) 36,000 21,476
Chu Kong Shipping Enterprise Group
       Company, Ltd. 86,000 22,405
CITIC Dameng Holdings, Ltd. (A) 347,000 18,094
CITIC Resources Holdings, Ltd. (B) 598,000 67,486
CITIC, Ltd. 760,130 1,070,384
Clear Media, Ltd. 52,000 39,801
Comba Telecom Systems
       Holdings, Ltd. (B) 309,639 41,997
Concord New Energy Group, Ltd. 1,640,000 74,504
COSCO SHIPPING International Hong
       Kong Company, Ltd. 133,625 55,644
COSCO SHIPPING Ports, Ltd. 404,718 341,691
Coslight Technology International Group
       Company, Ltd. (A) 42,000 16,194
Dah Chong Hong Holdings, Ltd. 259,000 131,500
Digital China Holdings, Ltd. (A) 58,750 32,400
Dynasty Fine Wines Group, Ltd. (A)(D) 330,000 0
EVA Precision Industrial Holdings, Ltd. 184,000 28,367
Far East Horizon, Ltd. 240,000 254,906
GCL-Poly Energy Holdings, Ltd. (A) 3,582,000 447,647
Gemdale Properties & Investment
       Corp., Ltd. 1,064,000 129,232
Glorious Property Holdings, Ltd. (A)(B) 352,000 31,170
Goldlion Holdings, Ltd. 75,000 31,102
Goldpac Group, Ltd. 37,000 11,271
Hengdeli Holdings, Ltd. 484,000 23,357
Hi Sun Technology China, Ltd. (A) 375,000 67,080
HKC Holdings, Ltd. 29,206 21,230
Hopson Development Holdings, Ltd. 224,000 258,312
Hua Han Health Industry
       Holdings, Ltd. (A)(D) 1,120,000 26,472
Joy City Property, Ltd. 672,000 108,888
Ju Teng International Holdings, Ltd. 248,000 61,399
K Wah International Holdings, Ltd. 315,000 210,700
Kingboard Chemical Holdings, Ltd. 203,630 941,421
Kunlun Energy Company, Ltd. 958,000 831,993
Lai Fung Holdings, Ltd. 11,200 18,000
MIE Holdings Corp. (A) 26,000 1,371
Min Xin Holdings, Ltd. 46,000 30,609
Mingyuan Medicare Development
       Company, Ltd. (A)(D) 1,300,000 0
Minmetals Land, Ltd. 438,000 81,508
New World Department Store
       China, Ltd. (A) 175,000 40,413
Nine Dragons Paper Holdings, Ltd. 206,000 312,214
PAX Global Technology, Ltd. (B) 209,000 95,113
Poly Property Group Company, Ltd. 541,453 268,941
Pou Sheng International
       Holdings, Ltd. (B) 577,000 146,771
REXLot Holdings, Ltd. (A) 2,175,000 12,561
Rotam Global Agrosciences, Ltd. 7,854 7,563
Seaspan Corp. (B) 11,878 79,345
Shanghai Industrial Holdings, Ltd. 147,000 385,760
Shanghai Industrial Urban Development
       Group, Ltd. 401,000 92,139
Shanghai Zendai Property, Ltd. (A) 1,905,000 41,455
Shenzhen International Holdings, Ltd. 200,537 441,910
Shenzhen Investment, Ltd. 889,571 379,903
Shimao Property Holdings, Ltd. 393,500 1,128,593
Shougang Concord International
       Enterprises Company, Ltd. (A) 1,794,000 50,262
Shougang Fushan Resources Group, Ltd. 572,000 147,902
Silver Grant International
       Industries, Ltd. (A) 322,000 68,146
Sino Oil and Gas Holdings, Ltd. (A)(B) 2,450,000 17,231
Sinofert Holdings, Ltd. (A)(B) 212,000 27,176
Sinolink Worldwide Holdings, Ltd. (A) 536,000 63,498

61



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Hong Kong (continued)
Sinopec Kantons Holdings, Ltd. 282,000 $ 139,939
Sinotrans Shipping, Ltd. (B) 356,500 95,889
Skyworth Digital Holdings, Ltd. (B) 591,800 268,028
SRE Group, Ltd. (A) 1,148,857 28,572
Summi Group Holdings, Ltd. 200,000 23,068
TCL Multimedia Technology
       Holdings, Ltd. (B) 137,600 64,736
Texhong Textile Group, Ltd. 55,500 78,171
Tian An China Investment
       Company, Ltd. 144,000 89,142
Tianjin Port Development Holdings, Ltd. 620,000 86,520
Tomson Group, Ltd. 204,148 104,680
TPV Technology, Ltd. 371,684 46,108
Truly International Holdings, Ltd. (B) 260,000 66,539
United Energy Group, Ltd. (B) 1,858,000 161,870
Universal Medical Financial & Technical
       Advisory Services
       Company, Ltd. (B)(C) 88,000 77,252
Wasion Group Holdings, Ltd. 138,000 70,415
Xinchen China Power Holdings, Ltd. (A) 132,000 16,070
Yanchang Petroleum
       International, Ltd. (A) 1,710,000 20,989
Yuexiu Property Company, Ltd. 2,007,542 477,439
Zhuhai Holdings Investment Group, Ltd. 152,000 19,827
36,952,710
Hungary – 0.3%
MOL Hungarian Oil & Gas PLC 112,336 1,225,665
OTP Bank PLC 17,227 774,042
1,999,707
India – 11.7%
5Paisa Capital, Ltd. (A) 3,086 16,028
Aban Offshore, Ltd. (A) 15,263 37,424
Adani Enterprises, Ltd. 100,257 245,518
Aditya Birla Capital, Ltd. (A) 171,647 387,117
Aditya Birla Fashion and Retail, Ltd. (A) 34,692 80,838
Alembic, Ltd. 37,091 30,671
Allahabad Bank (A) 21,657 17,001
Allcargo Logistics, Ltd. 18,904 42,952
Ambuja Cements, Ltd. 207,525 751,368
Anant Raj, Ltd. 54,720 39,511
Andhra Bank (A) 94,706 61,054
Apar Industries, Ltd. 2,063 23,145
Apollo Tyres, Ltd. 124,522 532,884
Arvind, Ltd. 56,642 336,043
Ashoka Buildcon, Ltd. 21,601 82,288
Astra Microwave Products, Ltd. 12,333 14,721
Atul, Ltd. 58 2,325
Axis Bank, Ltd. 404,601 3,192,875
Bajaj Finserv, Ltd. 1,765 138,394
Bajaj Hindusthan Sugar, Ltd. (A) 201,805 27,524
Bajaj Holdings & Investment, Ltd. 13,283 545,865
Balkrishna Industries, Ltd. 19,846 327,504
Balmer Lawrie & Company, Ltd. 35,700 119,383
Balrampur Chini Mills, Ltd. 68,416 79,218
Banco Products India, Ltd. 6,774 22,095
Bank of Baroda 127,128 280,398
Bank of India (A) 60,291 97,273
BEML, Ltd. 1,822 29,486
Bharat Heavy Electricals, Ltd. 273,166 343,332
Bharti Airtel, Ltd. 676,019 4,149,696
Biocon, Ltd. 13,419 122,982
Birla Corp., Ltd. 9,883 109,388
Brigade Enterprises, Ltd. 5,241 19,847
Canara Bank 30,402 124,450
Ceat, Ltd. 10,616 249,397
CG Power and Industrial
       Solutions, Ltd. (A) 177,707 212,008
Chambal Fertilizers & Chemicals, Ltd. 68,153 172,780
Chennai Super Kings
       Cricket, Ltd. (A)(D) 207,315 7,152
Cipla, Ltd. 17,212 144,447
City Union Bank, Ltd. 27,068 71,868
Clariant Chemicals India, Ltd. 2,289 18,878
Coffee Day Enterprises, Ltd. (A)(C) 11,433 53,767
Container Corp. of India, Ltd. 9,792 188,099
Cox & Kings, Ltd. 47,142 165,807
Cyient, Ltd. 24,068 257,927
D B Realty, Ltd. (A) 35,138 26,495
Dalmia Bharat Sugar & Industries, Ltd. 10,353 10,312
DCB Bank, Ltd. 89,430 223,868
DCM Shriram, Ltd. 20,095 131,945
DCW, Ltd. (A) 37,654 17,957
Deepak Fertilisers & Petrochemicals
       Corp., Ltd. 14,944 66,836
DEN Networks, Ltd. (A) 9,495 14,868
Dewan Housing Finance Corp., Ltd. 78,615 626,249
Dhampur Sugar Mills, Ltd. 11,548 24,288
Dishman Carbogen Amcis, Ltd. (A) 17,540 87,416
DLF, Ltd. 101,322 316,577
Dr. Reddy’s Laboratories, Ltd. 3,970 127,107
Dredging Corp. of India, Ltd. (A) 2,622 23,586
Edelweiss Financial Services, Ltd. 31,905 117,601
EID Parry India, Ltd. (A) 35,419 150,179
EIH, Ltd. 32,334 79,791
Electrosteel Castings, Ltd. 28,881 10,980
Eros International Media, Ltd. (A) 16,794 43,145
Essel Propack, Ltd. 16,896 62,493
Exide Industries, Ltd. 19,120 65,915
FDC, Ltd. 7,337 27,731
Federal Bank, Ltd. 450,341 623,110
FIEM Industries, Ltd. 737 9,901
Finolex Cables, Ltd. 2,234 23,230
Firstsource Solutions, Ltd. (A) 95,963 78,617
Fortis Healthcare, Ltd. (A) 48,338 92,607
Future Enterprises, Ltd. 62,742 34,863
GAIL India, Ltd. 278,640 1,417,005
Gateway Distriparks, Ltd. 29,322 78,995
Genus Power Infrastructures, Ltd. 25,682 20,514
GHCL, Ltd. 10,350 41,435
Glenmark Pharmaceuticals, Ltd. 11,326 91,853
Grasim Industries, Ltd. 122,605 1,975,718
Gujarat Alkalies & Chemicals, Ltd. 10,030 108,151
Gujarat Ambuja Exports, Ltd. 9,430 33,505
Gujarat Fluorochemicals, Ltd. 14,055 172,329
Gujarat Mineral Development Corp., Ltd. 46,208 88,258
Gujarat Narmada Valley Fertilizers &
       Chemicals, Ltd. 20,903 117,700
Gujarat State Fertilizers &
       Chemicals, Ltd. 55,927 98,843
Gujarat State Petronet, Ltd. 88,052 264,836
Hathway Cable & Datacom, Ltd. (A) 68,307 36,014
HBL Power Systems, Ltd. 18,476 12,660
HCL Technologies, Ltd. 1,941 28,799
Hikal, Ltd. 14,144 44,999
HIL, Ltd. 996 25,031
Himachal Futuristic
       Communications, Ltd. (A) 252,940 102,254
Himatsingka Seide, Ltd. 11,500 62,036
Hindalco Industries, Ltd. 518,502 1,733,958

62



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
India (continued)
Hinduja Global Solutions, Ltd. 2,403 $ 30,130
Hindustan Media Ventures, Ltd. 5,908 19,893
Housing Development &
       Infrastructure, Ltd. (A) 118,648 71,563
HSIL, Ltd. 8,910 51,225
HT Media, Ltd. 34,311 44,433
ICICI Bank, Ltd. 847,890 3,686,973
IDBI Bank, Ltd. (A) 49,275 54,856
Idea Cellular, Ltd. (A) 832,925 978,987
IDFC Bank, Ltd. 346,285 253,785
IDFC, Ltd. 454,224 343,170
IFCI, Ltd. (A) 258,047 77,967
IIFL Holdings, Ltd. 77,165 842,693
IL&FS Transportation
       Networks, Ltd. (A) 25,739 23,370
Indiabulls Real Estate, Ltd. (A) 105,149 288,412
Indian Bank 40,967 189,481
Indian Metals & Ferro Alloys, Ltd. 3,015 20,134
Indian Overseas Bank (A) 104,935 28,214
INEOS Styrolution India, Ltd. 2,298 30,672
Infosys, Ltd. 138,316 2,437,817
Ingersoll Rand India, Ltd. 4,901 49,323
Inox Wind, Ltd. (A) 7,148 12,071
Ipca Laboratories, Ltd. 9,284 93,721
J Kumar Infraprojects, Ltd. 9,276 39,398
Jagran Prakashan, Ltd. 6,835 18,304
Jai Corp., Ltd. 30,590 63,833
Jain Irrigation Systems, Ltd. 143,549 236,480
Jaiprakash Associates, Ltd. (A) 207,878 61,241
Jaypee Infratech, Ltd. (A) 123,242 16,140
JB Chemicals & Pharmaceuticals, Ltd. 15,560 74,639
JBF Industries, Ltd. 7,686 9,873
Jindal Poly Films, Ltd. 2,927 14,192
Jindal Saw, Ltd. 66,513 122,194
Jindal Stainless, Ltd. (A) 18,293 22,267
Jindal Steel & Power, Ltd. (A) 170,714 579,383
JITF Infralogistics, Ltd. (A) 7,295 3,987
JK Cement, Ltd. 4,333 67,377
JK Lakshmi Cement, Ltd. 1,731 11,450
JK Paper, Ltd. 28,949 60,521
JK Tyre & Industries, Ltd. 34,844 86,638
JM Financial, Ltd. 94,720 189,855
JSW Energy, Ltd. 184,068 208,309
JSW Holdings, Ltd. (A) 459 11,687
JSW Steel, Ltd. 506,361 2,251,846
Jubilant Life Sciences, Ltd. 33,177 428,771
Kalpataru Power Transmission, Ltd. 20,383 155,808
Kalyani Steels, Ltd. 7,392 34,060
Kaveri Seed Company, Ltd. 8,509 63,331
KCP, Ltd. 19,388 39,253
Kiri Industries, Ltd. (A) 4,764 30,897
Kirloskar Brothers, Ltd. 6,377 30,484
Kolte-Patil Developers, Ltd. 12,368 56,889
KPIT Technologies, Ltd. 83,308 279,625
KPR Mill, Ltd. 7,881 76,064
L&T Finance Holdings, Ltd. 86,187 210,060
Larsen & Toubro, Ltd. 35,961 726,689
LEEL Electricals, Ltd. 6,914 25,744
LIC Housing Finance, Ltd. 158,617 1,317,180
Linde India, Ltd. 5,094 34,173
LT Foods, Ltd. 28,304 37,612
Lupin, Ltd. 4,115 46,699
Magma Fincorp, Ltd. 14,190 32,971
Maharashtra Seamless, Ltd. 11,852 77,134
Mahindra & Mahindra Financial
       Services, Ltd. 19,445 137,551
Mahindra & Mahindra, Ltd. 204,252 2,319,862
Mahindra CIE Automotive, Ltd. (A) 18,890 62,525
Mahindra Lifespace Developers, Ltd. 11,712 80,732
Man Infraconstruction, Ltd. 24,643 18,978
Manappuram Finance, Ltd. 244,381 410,694
Mangalam Cement, Ltd. 2,038 10,143
Max India, Ltd. (A) 4,595 5,738
McLeod Russel India, Ltd. 20,316 45,373
Merck, Ltd. 3,261 76,117
Mindtree, Ltd. 35,014 415,564
MOIL, Ltd. 33,085 100,373
Mphasis, Ltd. 44,995 577,238
MRF, Ltd. 303 337,695
Munjal Showa, Ltd. 5,200 16,555
Muthoot Finance, Ltd. 42,336 265,226
Nagarjuna Fertilizers &
       Chemicals, Ltd. (A) 72,119 17,374
National Aluminium Company, Ltd. 222,795 229,672
Nava Bharat Ventures, Ltd. 40,502 85,476
Navkar Corp., Ltd. (A)(C) 3,633 8,425
NCC, Ltd. 200,289 365,614
Nectar Lifesciences, Ltd. 11,502 4,748
NIIT Technologies, Ltd. 15,320 204,448
NIIT, Ltd. (A) 23,624 36,578
NOCIL, Ltd. 12,576 37,690
Nucleus Software Exports, Ltd. 3,475 21,537
Oberoi Realty, Ltd. 50,603 398,050
OCL India, Ltd. 1,993 39,993
Omaxe, Ltd. 18,944 64,203
OnMobile Global, Ltd. 3,014 2,031
Orient Cement, Ltd. 16,316 35,382
Oriental Bank of Commerce (A) 21,608 30,489
Parsvnath Developers, Ltd. (A) 28,656 6,667
Patel Engineering, Ltd. (A) 9,668 9,024
PC Jeweller, Ltd. 36,034 178,634
Persistent Systems, Ltd. 17,441 185,946
Petronet LNG, Ltd. 16,537 58,808
Phillips Carbon Black, Ltd. 5,909 99,358
Piramal Enterprises, Ltd. 22,488 847,363
Polyplex Corp., Ltd. 2,563 18,389
Power Finance Corp., Ltd. 291,838 384,053
Prabhat Dairy, Ltd. 5,814 13,564
Praj Industries, Ltd. 42,222 52,301
Prakash Industries, Ltd. (A) 26,142 69,024
Prestige Estates Projects, Ltd. 65,456 296,133
PTC India Financial Services, Ltd. 64,975 24,119
PTC India, Ltd. 111,999 149,732
Punjab National Bank (A) 119,919 176,641
Puravankara, Ltd. 24,924 53,597
Rain Industries, Ltd. 43,031 251,610
Rajesh Exports, Ltd. 4,489 50,953
Ramco Industries, Ltd. 9,978 35,478
Rashtriya Chemicals & Fertilizers, Ltd. 47,845 54,356
Raymond, Ltd. 13,612 189,181
Redington India, Ltd. 137,134 309,789
Reliance Capital, Ltd. 25,218 166,562
Reliance Communications, Ltd. (A) 501,471 169,444
Reliance Industries, Ltd. 89,908 1,225,659
Reliance Industries, Ltd., GDR (C) 554,303 15,074,934
Reliance Power, Ltd. (A) 359,775 199,869
Rico Auto Industries, Ltd. 25,245 30,896
Ruchi Soya Industries, Ltd. (A) 21,355 5,274
Rural Electrification Corp., Ltd. 307,918 591,094

63



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
India (continued)
Sadbhav Engineering, Ltd. 7,110 $ 42,163
Sanghi Industries, Ltd. (A) 18,735 34,371
Shipping Corp. of India, Ltd. (A) 65,690 65,268
Shriram City Union Finance, Ltd. 6,049 201,927
Shriram Transport Finance
       Company, Ltd. 80,500 1,792,930
Simplex Infrastructures, Ltd. 4,647 37,988
Sintex Plastics Technology, Ltd. (A) 113,866 101,418
Sobha, Ltd. 22,691 178,058
Srei Infrastructure Finance, Ltd. 64,363 75,116
SRF, Ltd. 4,570 138,707
Srikalahasthi Pipes, Ltd. 5,355 26,733
State Bank of India 402,229 1,549,284
Steel Authority of India, Ltd. (A) 153,968 168,891
Strides Shasun, Ltd. 1,385 14,329
Sun Pharmaceutical Industries, Ltd. 12,541 96,245
Sunteck Realty, Ltd. 17,488 114,974
Surya Roshni, Ltd. 3,874 22,864
Syndicate Bank (A) 32,580 28,198
TAKE Solutions, Ltd. 21,956 55,266
Tamil Nadu Newsprint & Papers, Ltd. 8,715 47,287
Tata Chemicals, Ltd. 34,619 363,038
Tata Global Beverages, Ltd. 159,890 641,986
Tata Motors, Ltd. (A) 620,187 3,152,226
Tata Steel, Ltd. 216,768 1,916,714
Tech Mahindra, Ltd. 170,607 1,673,121
Texmaco Rail & Engineering, Ltd. 28,232 36,663
The Great Eastern Shipping
       Company, Ltd. 30,495 154,702
The India Cements, Ltd. 98,907 216,075
The Indian Hotels Company, Ltd. 109,797 224,961
The Jammu & Kashmir Bank, Ltd. (A) 100,271 94,138
The Karnataka Bank, Ltd. 83,273 148,138
The Karur Vysya Bank, Ltd. 180,646 280,806
The Lakshmi Vilas Bank, Ltd. 35,933 54,458
The South Indian Bank, Ltd. 417,562 147,587
The Tinplate Company of India, Ltd. 9,656 28,122
TI Financial Holdings, Ltd. 17,488 173,790
Time Technoplast, Ltd. 4,194 10,321
Titagarh Wagons, Ltd. 22,692 38,523
Transport Corp. of India, Ltd. 2,962 12,138
Trident, Ltd. 47,430 43,548
Triveni Engineering & Industries, Ltd. 24,882 15,681
Tube Investments of India, Ltd. 18,475 62,961
TV Today Network, Ltd. 3,975 29,489
TV18 Broadcast, Ltd. (A) 248,227 261,696
UCO Bank (A) 85,194 28,585
Uflex, Ltd. 13,952 73,594
UFO Moviez India, Ltd. 3,603 21,013
Unichem Laboratories, Ltd. 17,100 75,571
Union Bank of India (A) 73,563 107,667
UPL, Ltd. 13,610 153,104
VA Tech Wabag, Ltd. 7,507 56,671
Vardhman Textiles, Ltd. 7,410 138,603
Vedanta, Ltd. 224,895 965,409
Vedanta, Ltd., ADR 161,875 2,844,144
Vijaya Bank 83,311 67,676
Vindhya Telelinks, Ltd. 526 8,625
Welspun Corp., Ltd. 43,047 90,366
Welspun Enterprises, Ltd. 18,967 41,974
West Coast Paper Mills, Ltd. 3,765 13,981
Wipro, Ltd. 589,060 2,572,168
Wockhardt, Ltd. (A) 6,467 72,796
Zensar Technologies, Ltd. 5,057 70,260
90,542,868
Indonesia – 2.5%
Adaro Energy Tbk PT 7,082,300 1,103,492
Adhi Karya Persero Tbk PT (A) 840,700 127,571
Agung Podomoro Land Tbk PT 3,248,000 51,121
Alam Sutera Realty Tbk PT 5,702,700 157,173
Aneka Tambang Tbk PT (A) 814,006 46,260
Asahimas Flat Glass Tbk PT 62,500 24,641
Astra Agro Lestari Tbk PT 215,555 211,341
Astra Otoparts Tbk PT 108,300 12,491
Bakrie & Brothers Tbk PT (A) 112,554,589 408,769
Bakrie Telecom Tbk PT (A) 17,557,300 63,764
Bank Bukopin Tbk PT 1,802,600 76,236
Bank Danamon Indonesia Tbk PT 1,179,894 591,011
Bank Mandiri Persero Tbk PT 4,245,740 2,380,806
Bank Negara Indonesia Persero Tbk PT 3,228,481 2,044,574
Bank Pan Indonesia Tbk PT (A) 1,542,497 120,153
Bank Pembangunan Daerah Jawa Barat
       Dan Banten Tbk PT 810,100 121,215
Bank Pembangunan Daerah Jawa Timur
       Tbk PT 1,424,000 65,323
Bank Tabungan Negara Persero Tbk PT 2,067,861 572,595
Barito Pacific Tbk PT (A) 1,587,200 267,389
Bekasi Fajar Industrial Estate Tbk PT 2,132,800 44,780
Benakat Integra Tbk PT (A) 8,689,500 52,678
Berlian Laju Tanker Tbk PT (A)(D) 16,708,166 0
BISI International Tbk PT 564,400 81,127
Blue Bird Tbk PT 90,600 18,950
Bukit Asam Persero Tbk PT 807,400 173,569
Bumi Serpong Damai Tbk PT 2,204,800 286,626
Ciputra Development Tbk PT 6,132,944 526,598
Clipan Finance Indonesia Tbk PT (A) 1,045,000 24,364
Eagle High Plantations Tbk PT (A) 2,150,100 33,889
Elnusa Tbk PT 1,954,900 66,773
Energi Mega Persada Tbk PT (A) 2,262,301 42,063
Erajaya Swasembada Tbk PT 773,000 71,169
Eureka Prima Jakarta Tbk PT (A) 336,800 1,525
Gajah Tunggal Tbk PT 964,900 56,948
Garuda Indonesia Persero Tbk PT (A) 2,404,863 51,421
Global Mediacom Tbk PT 3,942,400 153,743
Harum Energy Tbk PT (A) 299,900 59,572
Holcim Indonesia Tbk PT (A) 807,168 46,954
Indah Kiat Pulp & Paper Corp. Tbk PT 1,331,600 1,068,440
Indika Energy Tbk PT (A) 768,500 198,766
Indo Tambangraya Megah Tbk PT 178,800 371,081
Indofood Sukses Makmur Tbk PT 1,565,600 820,776
Intiland Development Tbk PT 3,071,800 73,725
Japfa Comfeed Indonesia Tbk PT 1,671,370 179,997
Jaya Real Property Tbk PT 215,500 13,060
Kawasan Industri Jababeka Tbk PT 8,573,499 163,441
KMI Wire & Cable Tbk PT 1,066,500 35,744
Krakatau Steel Persero Tbk PT (A) 540,000 17,246
Lippo Cikarang Tbk PT (A) 223,200 50,407
Lippo Karawaci Tbk PT 7,443,993 260,715
Malindo Feedmill Tbk PT 128,500 6,577
Matahari Putra Prima Tbk PT (A) 315,100 9,169
Medco Energi Internasional Tbk PT (A) 3,934,933 348,989
Media Nusantara Citra Tbk PT 1,392,300 143,942
Mitra Adiperkasa Tbk PT 11,400 6,439
MNC Investama Tbk PT (A) 15,144,900 123,833
Modernland Realty Tbk PT 4,331,800 109,716
Multipolar Tbk PT 4,046,300 44,430
Nusantara Infrastructure Tbk PT (A) 4,691,200 69,586
Pabrik Kertas Tjiwi Kimia Tbk PT 669,500 337,376
Pan Brothers Tbk PT 1,456,700 47,508
Panin Financial Tbk PT (A) 5,878,700 106,209
Paninvest Tbk PT (A) 660,500 58,082

64



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

Shares or
Principal
        Amount       Value
COMMON STOCKS (continued)
Indonesia (continued)
Perusahaan Perkebunan London Sumatra
       Indonesia Tbk PT 1,544,200 $ 145,577
PP Persero Tbk PT (A) 1,380,900 263,362
Ramayana Lestari Sentosa Tbk PT 1,449,500 142,447
Salim Ivomas Pratama Tbk PT 1,797,900 77,925
Sampoerna Agro Tbk PT 331,700 59,766
Semen Baturaja Persero Tbk PT 110,200 32,871
Semen Indonesia Persero Tbk PT 872,500 658,031
Sentul City Tbk PT (A) 6,742,000 92,668
Siloam International Hospitals Tbk
       PT (A) 17,700 10,306
Sri Rejeki Isman Tbk PT 4,031,800 98,275
Summarecon Agung Tbk PT 2,062,100 136,149
Surya Semesta Internusa Tbk PT 2,215,800 89,027
Suryainti Permata Tbk PT (A)(D) 1,446,000 0
Tiga Pilar Sejahtera Food Tbk PT (A) 1,428,300 66,622
Timah Tbk PT 1,683,460 119,246
Tiphone Mobile Indonesia Tbk PT 773,100 47,954
Trias Sentosa Tbk PT 1,792,200 50,519
Truba Alam Manunggal Engineering Tbk
       PT (A) 11,991,500 8,710
Tunas Baru Lampung Tbk PT 1,425,400 130,095
Tunas Ridean Tbk PT 1,172,500 115,846
United Tractors Tbk PT 419,600 978,920
Vale Indonesia Tbk PT (A) 682,500 139,745
Visi Media Asia Tbk PT (A) 1,337,400 31,707
Waskita Karya Persero Tbk PT (A) 352,700 63,628
Wijaya Karya Beton Tbk PT 1,729,800 64,842
Wijaya Karya Persero Tbk PT (A) 1,459,900 179,059
XL Axiata Tbk PT (A) 1,601,600 294,776
  19,002,001
Laos – 0.0%
Kolao Holdings 3,712 17,526
Malaysia – 2.7%
Aeon Company M BHD 31,300 14,492
AFFIN Bank BHD 275,290 171,147
AirAsia BHD 788,100 810,121
Alliance Bank Malaysia BHD 461,800 512,191
AMMB Holdings BHD (B) 616,262 620,978
Ann Joo Resources BHD 31,300 24,584
Batu Kawan BHD 3,100 14,580
Benalec Holdings BHD 110,400 9,611
Berjaya Assets BHD (A) 77,400 8,338
Berjaya Corp. BHD (A) 1,358,793 112,990
BIMB Holdings BHD 16,800 16,926
Borneo Oil BHD (A) 734,100 14,415
Boustead Holdings BHD 272,888 179,338
Boustead Plantations BHD 120,100 52,520
Bumi Armada BHD (A) 1,186,700 256,227
CB Industrial Product Holding BHD 35,900 14,241
CIMB Group Holdings BHD 1,366,651 2,543,099
Coastal Contracts BHD 86,000 25,889
CSC Steel Holdings BHD 64,700 23,337
Cypark Resources BHD 34,400 22,350
Dayang Enterprise Holdings BHD (A) 120,000 25,666
DRB-Hicom BHD (B) 290,600 181,430
Eastern & Oriental BHD 201,398 75,205
Eco World Development Group BHD (A) 401,900 104,269
Ekovest BHD (B) 282,700 74,107
Evergreen Fibreboard BHD 209,800 25,593
Felda Global Ventures Holdings BHD 786,600 339,266
Gadang Holdings BHD 128,400 30,701
Genting BHD 1,134,600 2,558,459
Genting Malaysia BHD 112,900 141,890
Glomac BHD 106,040 12,777
HAP Seng Consolidated BHD 136,520 343,929
Hap Seng Plantations Holdings BHD 76,300 47,243
HeveaBoard BHD 92,800 19,014
Hiap Teck Venture BHD (A) 368,000 40,205
Hong Leong Financial Group BHD 127,099 632,460
Hua Yang BHD 97,421 12,990
IGB BHD 114,135 88,306
IJM Corp. BHD 1,111,860 775,166
Inch Kenneth Kajang Rubber PLC 106,800 19,003
Insas BHD 256,669 54,969
IOI Properties Group BHD (B) 529,175 220,411
Iris Corp. BHD (A) 380,100 18,400
Iskandar Waterfront City BHD (A)(B) 59,700 17,332
JAKS Resources BHD (A) 165,400 60,647
Jaya Tiasa Holdings BHD 210,626 46,484
JCY International BHD 265,600 24,119
Keck Seng Malaysia BHD 107,500 117,147
Kenanga Investment Bank BHD 233,945 35,243
Kian JOO CAN Factory BHD 153,700 108,879
Kim Loong Resources BHD 9,800 10,771
KNM Group BHD (A)(B) 991,800 54,152
KSL Holdings BHD (A) 286,000 69,917
Kumpulan Fima BHD 2,300 889
Land & General BHD 814,920 37,065
LBS Bina Group BHD 305,800 70,479
Lion Industries Corp. BHD (A) 138,700 32,399
Magnum BHD 257,300 121,814
Mah Sing Group BHD 405,000 105,924
Malayan Banking BHD 685,318 1,866,843
Malayan Flour Mills BHD (B) 132,300 54,286
Malaysia Building Society BHD 435,346 122,209
Malaysia Marine and Heavy Engineering
       Holdings BHD 42,700 8,328
Malaysian Bulk Carriers BHD (A) 120,600 21,266
Malaysian Resources Corp. BHD (B) 883,800 223,318
Malton BHD 219,900 46,362
Media Prima BHD 396,400 39,709
Mega First Corp. BHD 93,200 78,453
MISC BHD 520,800 952,525
Mitrajaya Holdings BHD 129,600 20,681
MKH BHD 97,630 35,736
MMC Corp. BHD 223,000 99,006
MNRB Holdings BHD (A) 15,000 10,207
Mudajaya Group BHD (A) 92,200 17,088
Muhibbah Engineering M BHD 95,300 72,532
Mulpha International BHD (A) 73,710 40,649
Naim Holdings BHD (A) 67,100 17,201
Oriental Holdings BHD 168,320 271,387
OSK Holdings BHD 455,097 115,563
Panasonic Manufacturing Malaysia BHD 8,100 72,582
Pantech Group Holdings BHD 170,466 25,038
Parkson Holdings BHD (A) 134,267 14,842
Perdana Petroleum BHD (A) 36,463 2,482
PPB Group BHD 144,500 716,048
Protasco BHD 137,375 33,856
RHB Bank BHD 262,789 352,344
Rimbunan Sawit BHD (A) 321,800 26,356
Salcon BHD (A) 200,344 19,786
Sapura Energy BHD (B) 2,099,700 277,801
Sarawak Oil Palms BHD 89,185 84,561
Selangor Properties BHD 24,000 27,129
Shangri-La Hotels Malaysia BHD 61,800 81,292
SP Setia BHD Group 167,160 129,610
Star Media Group BHD 62,000 18,505
Sumatec Resources BHD (A) 915,000 15,665

65



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Malaysia (continued)
Sunway BHD (B) 461,722 $ 189,146
Supermax Corp. BHD 186,500 124,376
Ta Ann Holdings BHD 75,048 58,722
TA Enterprise BHD 476,600 65,513
TA Global BHD 456,900 34,374
Tan Chong Motor Holdings BHD 42,500 18,483
TDM BHD 96,590 8,504
Thong Guan Industries BHD 36,300 25,316
TIME dotCom BHD 71,700 154,679
Tiong NAM Logistics Holdings 49,776 13,277
Tropicana Corp. BHD 323,040 74,921
UEM Edgenta BHD 42,600 25,561
UEM Sunrise BHD (A) 782,300 202,426
UMW Holdings BHD (A) 74,100 115,741
UMW Oil & Gas Corp. BHD (A)(B) 1,427,470 115,936
Unisem M BHD (B) 136,180 86,594
United Malacca BHD 68,300 109,635
UOA Development BHD 314,500 197,091
Vivocom International Holdings
       BHD (A) 607,000 11,104
Wah Seong Corp. BHD (A) 34,700 13,451
WCT Holdings BHD (A) 415,214 143,455
YNH Property BHD (A) 169,701 61,713
YTL Corp. BHD 2,370,214 823,826
20,887,184
Malta – 0.0%
Brait SE (A) 61,296 187,442
Mexico – 3.6%
Alfa SAB de CV, Class A (B) 1,451,398 1,860,153
Alpek SAB de CV 302,285 420,672
Axtel SAB de CV (A) 98,029 22,108
Banco Santander Mexico SA, B Shares 776,760 1,117,287
Bio Pappel SAB de CV (A) 16,029 15,729
Cemex SAB de CV, ADR (A) 489,136 3,238,080
Coca-Cola Femsa SAB de CV, Series L 29,705 196,073
Consorcio ARA SAB de CV 214,885 84,394
Corp. Actinver SAB de CV 30,824 23,398
Credito Real SAB de CV (A) 101,646 146,263
El Puerto de Liverpool SAB de CV,
       Series C1 (B) 27,189 201,525
Elementia SAB de CV (A)(C) 10,350 11,329
Gentera SAB de CV (B) 27,100 19,736
Grupo Aeromexico SAB de CV (A)(B) 73,946 117,956
Grupo Carso SAB de CV, Series A1 182,331 641,970
Grupo Cementos de Chihuahua SAB
       de CV 43,260 232,719
Grupo Comercial Chedraui SA de CV 165,869 352,723
Grupo Elektra SAB de CV (B) 11,646 326,703
Grupo Famsa SAB de CV, Class A (A) 60,589 38,660
Grupo Financiero Banorte SAB de CV,
       Series O (B) 914,166 5,544,331
Grupo Financiero Inbursa SAB de CV,
       Series O (B) 657,024 1,091,065
Grupo Financiero Interacciones SA de
       CV, Series O 48,214 234,440
Grupo Herdez SAB de CV 55,503 140,131
Grupo Industrial Saltillo SAB de CV 99,900 158,477
Grupo KUO SAB de CV, Series B 140,698 305,542
Grupo Mexico SAB de CV, Series B 1,732,693 5,781,362
Grupo Pochteca SAB de CV (A) 11,500 5,851
Grupo Sanborns SAB de CV (B) 169,891 185,777
Grupo Simec SAB de CV, Series B (A) 37,957 120,051
Grupo Sports World SAB de CV (A) 9,300 9,361
Grupo Televisa SAB 68,144 217,551
Industrias Bachoco SAB de CV, ADR 2,653 164,353
Industrias Bachoco SAB de CV, Series B 64,616 337,190
Industrias CH SAB de CV, Series B (A) 85,411 353,201
La Comer SAB de CV (A) 129,609 131,249
Maxcom Telecomunicaciones SAB de
       CV (A) 3,007 1,343
Mexichem SAB de CV 534,516 1,639,124
Minera Frisco SAB de CV, Series A1 (A) 118,274 69,286
Nemak SAB de CV (C) 191,466 157,765
OHL Mexico SAB de CV 7,100 13,372
Organizacion Cultiba SAB de CV (B) 89,403 80,158
Organizacion Soriana SAB de CV,
       Series B (A) 675,917 1,353,321
Promotora y Operadora de
       Infraestructura SAB de CV 3,160 31,421
Promotora y Operadora de
       Infraestructura SAB de CV, L Shares 6,156 42,665
Qualitas Controladora SAB de CV 23,308 64,744
Rassini SAB de CV 14,331 61,754
TV Azteca SAB de CV 545,177 77,368
Vitro SAB de CV, Series A 40,147 132,653
  27,572,384
Philippines – 1.0%
Alliance Global Group, Inc. (A) 1,551,300 392,902
BDO Unibank, Inc. 434,187 1,164,279
Cebu Air, Inc. 91,170 165,414
Century Properties Group, Inc. 1,726,673 14,391
China Banking Corp. 87,628 59,091
Cosco Capital, Inc. 1,004,800 142,537
East West Banking Corp. 172,500 62,537
EEI Corp. (A) 34,400 7,128
Emperador, Inc. (A) 150,500 21,407
Empire East Land Holdings, Inc. (A) 997,000 11,950
Energy Development Corp. (A) 1,288,030 138,269
Filinvest Development Corp. 211,875 30,551
Filinvest Land, Inc. 5,094,500 161,248
First Philippine Holdings Corp. 113,380 143,622
Global Ferronickel Holdings, Inc. (A) 272,000 12,658
GT Capital Holdings, Inc. 14,930 335,603
Integrated Micro-Electronics, Inc. 125,015 37,397
JG Summit Holdings, Inc. 904,050 1,089,846
Lopez Holdings Corp. 972,600 96,509
LT Group, Inc. 655,600 237,117
Megaworld Corp. 4,689,000 421,991
Metropolitan Bank & Trust Company 221,176 364,211
Nickel Asia Corp. 462,400 54,327
Pepsi-Cola Products Philippines, Inc. 243,000 13,530
Petron Corp. 1,213,300 214,955
Philex Mining Corp. 161,300 18,745
Philippine National Bank (A) 120,540 124,990
Philtown Properties, Inc. (A)(D) 3,844 113
Phinma Energy Corp. 675,000 19,464
Phoenix Petroleum Philippines, Inc. 146,300 34,445
RFM Corp. 266,000 23,984
Rizal Commercial Banking Corp. 175,460 153,867
Robinsons Land Corp. (A) 1,093,868 420,638
Robinsons Retail Holdings, Inc. 21,420 36,537
San Miguel Corp. 202,060 520,784
San Miguel Pure Foods Company, Inc. 7,670 88,657
Security Bank Corp. 43,640 201,850
SSI Group, Inc. (A) 476,000 25,064
Top Frontier Investment
       Holdings, Inc. (A) 66,104 351,190
Travellers International Hotel Group, Inc. 831,800 66,799
Union Bank of the Philippines 181,940 313,879

66



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Philippines (continued)
Vista Land & Lifescapes, Inc. 2,264,200 $ 282,291
8,076,767
Poland – 1.3%
Agora SA (A) 19,798 83,863
Alior Bank SA (A) 278 5,987
Amica SA 553 20,657
Asseco Poland SA 33,027 434,741
Bank Handlowy w Warszawie SA 2,573 56,912
Bank Millennium SA (A) 196,093 471,407
Bioton SA (A) 17,651 22,106
Cyfrowy Polsat SA 20,166 147,141
Emperia Holding SA (A) 661 19,296
Enea SA 96,042 258,974
Firma Oponiarska Debica SA 1,142 41,421
Getin Holding SA (A) 169,278 56,919
Grupa Azoty SA 16,014 262,291
Grupa Kety SA 979 98,228
Grupa Lotos SA 48,855 755,486
Impexmetal SA (A) 17,409 22,372
KGHM Polska Miedz SA 38,245 974,126
LC Corp. SA 147,244 118,027
Lubelski Wegiel Bogdanka SA 3,833 52,131
mBank SA (A) 1,840 225,423
Netia SA 113,648 176,511
Orbis SA 15,061 427,185
PGE Polska Grupa Energetyczna SA (A) 303,140 878,616
PKP Cargo SA (A) 9,902 120,581
Polnord SA (A) 14,051 34,373
Polski Koncern Naftowy ORLEN SA 87,796 2,160,949
Powszechna Kasa Oszczednosci Bank
       Polski SA (A) 155,726 1,843,897
Stalprodukt SA 272 37,340
Tauron Polska Energia SA (A) 407,759 289,676
Trakcja SA 14,894 29,584
Vistula Group SA (A) 37,313 51,117
10,177,337
Russia – 2.0%
Gazprom PJSC, ADR 958,281 4,672,717
LUKOIL PJSC, ADR 130,037 8,978,215
Magnitogorsk Iron & Steel Works
       PJSC, GDR 23,536 234,343
Rosneft Oil Company PJSC, GDR 191,058 1,049,460
RusHydro PJSC, ADR 252,649 317,283
VTB Bank PJSC, GDR 70,051 137,450
15,389,468
Singapore – 0.0%
Technovator International, Ltd. (A) 82,000 21,872
South Africa – 7.8%
Adcorp Holdings, Ltd. (A) 64,690 92,726
AECI, Ltd. 68,599 668,631
African Oxygen, Ltd. 27,344 71,826
African Phoenix Investments, Ltd. (A) 690,372 36,659
African Rainbow Minerals, Ltd. 37,048 318,322
Alexander Forbes Group Holdings, Ltd. 329,530 200,533
Allied Electronics Corp., Ltd., A
       Shares (A) 12,026 13,069
Alviva Holdings, Ltd. 80,385 145,709
Anglo American Platinum, Ltd. 14,450 396,475
AngloGold Ashanti, Ltd. 123,710 1,193,351
AngloGold Ashanti, Ltd., ADR (B) 73,839 700,732
ArcelorMittal South Africa, Ltd. (A) 119,476 26,875
Aspen Pharmacare Holdings, Ltd. 6,113 134,129
Assore, Ltd. 8,883 218,889
Aveng, Ltd. (A) 217,888 18,458
Balwin Properties, Ltd. 44,251 22,958
Barclays Africa Group, Ltd. 293,019 4,693,021
Barloworld, Ltd. 137,364 1,934,320
Blue Label Telecoms, Ltd. 97,227 106,187
Caxton and CTP Publishers &
       Printers, Ltd. 126,395 109,872
Clover Industries, Ltd. 75,758 105,843
Consolidated Infrastructure
       Group, Ltd. (A) 36,148 11,614
DataTec, Ltd. 160,555 280,826
DRDGOLD, Ltd. 141,067 38,938
EOH Holdings, Ltd. 36,723 133,375
Exxaro Resources, Ltd. 86,542 798,796
Gold Fields, Ltd. 73,728 297,551
Gold Fields, Ltd., ADR 491,193 1,974,596
Grindrod, Ltd. (A) 114,082 132,265
Group Five, Ltd. 75,010 50,261
Harmony Gold Mining Company, Ltd.,
       ADR (B) 138,500 331,015
Hudaco Industries, Ltd. 16,112 223,622
Hulamin, Ltd. 112,965 46,925
Impala Platinum Holdings, Ltd. (A) 85,298 169,871
Imperial Holdings, Ltd. 92,044 1,814,400
Investec, Ltd. 103,602 809,093
Invicta Holdings, Ltd. 6,327 26,993
KAP Industrial Holdings, Ltd. 859,753 622,399
Kumba Iron Ore, Ltd. 12,651 304,360
Lewis Group, Ltd. 50,904 181,372
Liberty Holdings, Ltd. 79,485 843,260
Merafe Resources, Ltd. 926,140 115,065
Metair Investments, Ltd. 66,225 128,489
MMI Holdings, Ltd. 430,062 801,835
Mpact, Ltd. 122,080 299,522
MTN Group, Ltd. (B) 949,023 9,545,390
Murray & Roberts Holdings, Ltd. 246,808 287,555
Nampak, Ltd. (A) 380,867 490,224
Nedbank Group, Ltd. 85,052 2,049,956
Novus Holdings, Ltd. 30,686 11,994
Omnia Holdings, Ltd. 41,169 518,401
Peregrine Holdings, Ltd. 75,548 133,418
PPC, Ltd. (A) 499,180 330,993
Raubex Group, Ltd. 77,675 132,780
RCL Foods, Ltd. 52,965 80,473
Reunert, Ltd. 44,231 278,603
Royal Bafokeng Platinum, Ltd. (A) 18,623 40,707
Sappi, Ltd. 168,829 1,090,814
Sasol, Ltd. 204,114 6,963,587
Sibanye Gold, Ltd. 796,758 792,968
Sibanye Gold, Ltd., ADR (B) 77,126 307,733
Standard Bank Group, Ltd. 657,101 12,142,206
Stefanutti Stocks Holdings, Ltd. (A) 60,065 10,104
Steinhoff International Holdings
       NV (A)(B) 1,059,536 295,139
Super Group, Ltd. (A) 214,342 652,154
Telkom SA SOC, Ltd. 182,369 818,926
Tiger Wheels, Ltd. (A)(D) 32,678 0
Tongaat Hulett, Ltd. 66,308 567,301
Trencor, Ltd. 74,337 238,408
Tsogo Sun Holdings, Ltd. 105,779 207,844
Wilson Bayly Holmes-Ovcon, Ltd. 18,358 240,459
  59,873,165
South Korea – 17.4%
Ace Technologies Corp. (A) 8,235 31,816
AJ Rent A Car Company, Ltd. (A) 3,307 39,731
Ajin Industrial Company, Ltd. (A)(B) 6,639 23,379

67



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
South Korea (continued)
APS Holdings Corp. (A) 6,097 $ 42,530
Asia Cement Company, Ltd. 654 58,844
ASIA Holdings Company, Ltd. 670 72,760
Asia Paper Manufacturing
       Company, Ltd. 1,600 46,705
Asiana Airlines, Inc. (A) 29,698 133,640
AUK Corp. 7,292 19,201
Austem Company, Ltd. 7,960 29,548
Avaco Company, Ltd. (A) 3,738 28,219
Bluecom Company, Ltd. 6,614 41,132
BNK Financial Group, Inc. 144,761 1,453,917
Bookook Securities Company, Ltd. 501 12,659
Busan City Gas Company, Ltd. 236 7,962
Byucksan Corp. 18,769 66,689
Chinyang Holdings Corp. 12,900 33,196
Chongkundang Holdings Corp. 1,353 92,961
Chosun Refractories Company, Ltd. 683 53,935
CJ Hello Company, Ltd. 17,319 138,082
CKD Bio Corp. 1,854 41,960
Cosmax BTI, Inc. 798 24,314
CROWNHAITAI Holdings
       Company, Ltd. 2,323 29,127
Dae Dong Industrial Company, Ltd. 5,828 40,492
Dae Han Flour Mills Company, Ltd. 510 80,512
Dae Hyun Company, Ltd. 7,901 17,980
Dae Won Kang Up Company, Ltd. 4,005 17,581
Dae Young Packaging Company, Ltd. (A) 24,545 20,009
Daechang Forging Company, Ltd. 586 26,746
Daeduck Electronics Company 19,359 150,267
Daeduck GDS Company, Ltd. 7,133 114,199
Daegu Department Store 1,862 17,441
Daehan Steel Company, Ltd. 6,514 54,804
Daekyo Company, Ltd. 6,211 46,273
Daelim B&Co Company, Ltd. 4,889 26,456
Daelim C&S Company, Ltd. 2,109 20,295
Daelim Industrial Company, Ltd. 9,686 672,696
Daesang Corp. 11,011 268,128
Daesang Holdings Company, Ltd. 8,988 81,012
Daewon San Up Company, Ltd. 5,336 35,889
Daewoo Engineering & Construction
       Company, Ltd. (A) 10,354 50,948
Daewoo Shipbuilding & Marine
       Engineering Company, Ltd. (A) 2,043 54,360
Dahaam E-Tec Company, Ltd. (A)(D) 2,630 44,413
Daishin Securities Company, Ltd. 20,594 263,019
Daou Data Corp. 6,441 82,317
Daou Technology, Inc. 13,179 272,772
Dayou Automotive Seat Technology
       Company, Ltd. 18,602 20,696
DB Financial Investment Company, Ltd. 17,216 67,215
DB Insurance Company, Ltd. 881 54,732
DB, Inc. (A) 29,805 23,421
DGB Financial Group, Inc. 71,379 785,831
Display Tech Company, Ltd. 1,170 4,278
Dong Ah Tire & Rubber
       Company, Ltd. (A) 1,796 22,664
Dong-A Socio Holdings Company, Ltd. 113 14,182
Dong-Ah Geological Engineering
       Company, Ltd. 3,416 40,682
Dongbang Transport Logistics
       Company, Ltd. 7,517 11,687
Dongbu Corp. (A) 2,944 26,011
Dong-Il Corp. 741 34,980
Dongil Industries Company, Ltd. 859 58,761
Dongkuk Industries Company, Ltd. 14,391 50,999
Dongkuk Steel Mill Company, Ltd. 30,148 291,829
DONGSUNG Corp. 8,793 55,312
Dongwha Enterprise Company, Ltd. 885 28,680
Dongwon Development Company, Ltd. 20,645 91,045
Dongwon Industries Company, Ltd. 259 73,245
Dongyang E&P, Inc. 2,026 22,094
Doosan Corp. 3,093 312,670
Doosan Heavy Industries & Construction
       Company, Ltd. (A)(B) 26,707 400,717
Doosan Infracore Company, Ltd. (A)(B) 71,207 655,190
DRB Holding Company, Ltd. 3,979 26,621
DTR Automotive Corp. 2,636 83,486
DY Corp. 7,611 42,279
Eagon Industrial, Ltd. 2,280 21,667
Easy Bio, Inc. 21,230 139,110
Elentec Company, Ltd. (A) 3,837 13,777
e-LITECOM Company, Ltd. 2,998 17,794
E-MART, Inc. 7,436 1,898,719
Eugene Corp. 23,025 128,642
Eugene Investment & Securities
       Company, Ltd. (A) 34,528 114,342
Eusu Holdings Company, Ltd. (A) 6,851 45,441
EVERDIGM Corp. 3,744 29,239
FarmStory Company, Ltd. (A) 33,283 39,753
Feelux Company, Ltd. (B) 13,613 259,886
Fila Korea, Ltd. 509 51,654
Fine Technix Company, Ltd. (A) 9,436 22,335
Gaon Cable Company, Ltd. 1,692 37,169
GMB Korea Corp. 3,673 34,640
GOLFZONNEWDIN Company, Ltd. 9,910 52,709
GS Engineering & Construction
       Corp. (B) 17,455 491,926
GS Global Corp. 18,463 66,112
GS Holdings Corp. 31,035 1,804,670
Gwangju Shinsegae Company, Ltd. 425 88,469
Halla Corp. 14,352 55,155
Halla Holdings Corp. 5,029 233,396
Han Kuk Carbon Company, Ltd. 16,408 96,798
Hana Financial Group, Inc. 98,910 4,262,739
Hana Micron, Inc. (A) 7,137 35,633
Handsome Company, Ltd. (B) 6,134 177,582
Hanil Cement Company, Ltd. 1,800 182,611
Hanjin Heavy Industries & Construction
       Company, Ltd. (A) 31,069 90,493
Hanjin Heavy Industries & Construction
       Holdings Company, Ltd. (A) 3,239 10,809
Hanjin Kal Corp. 17,644 329,634
Hanjin Transportation Company, Ltd. 3,283 71,298
Hankook Tire Company, Ltd. 23,056 1,141,153
Hankuk Paper Manufacturing
       Company, Ltd. 2,119 45,189
Hanshin Construction Company, Ltd. 2,652 50,477
Hansol Holdings Company, Ltd. 20,990 88,495
Hansol HomeDeco Company, Ltd. 32,560 45,864
Hansol Paper Company, Ltd. 6,253 94,252
Hanwha Chemical Corp. 64,406 1,802,223
Hanwha Corp. 24,645 916,320
Hanwha Galleria Timeworld
       Company, Ltd. (A) 709 28,793
Hanwha General Insurance
       Company, Ltd. (B) 28,986 229,454
Hanwha Investment & Securities
       Company, Ltd. (A) 55,115 159,385
Hanwha Life Insurance Company, Ltd. 157,937 931,249
Hanwha Techwin Company, Ltd. (A) 11,824 322,434

68



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
South Korea (continued)
Hanyang Securities Company, Ltd. 4,374 $ 31,494
Harim Company, Ltd. (A) 9,581 31,762
Harim Holdings Company, Ltd. 9,659 34,851
Heung-A Shipping Company, Ltd. (A) 82,056 51,272
Heungkuk Fire & Marine Insurance
       Company, Ltd. (A) 10,735 62,259
Hitejinro Holdings Company, Ltd. 4,248 38,754
HMC Investment Securities
       Company, Ltd. 9,365 92,910
HS R&A Company, Ltd. 15,740 33,534
Humax Company, Ltd. (A) 9,573 75,903
Huons Global Company, Ltd. 1,206 81,269
Husteel Company, Ltd. 1,272 15,830
Huvis Corp. 7,469 76,756
Hwa Shin Company, Ltd. 8,422 31,431
Hwacheon Machine Tool Company, Ltd. 269 13,362
Hwangkum Steel & Technology
       Company, Ltd. 3,827 37,340
HwaSung Industrial Company, Ltd. 4,800 67,630
Hy-Lok Corp. 3,024 64,506
Hyundai BNG Steel Company, Ltd. 5,400 59,072
Hyundai Construction Equipment
       Company, Ltd. (A) 2,162 361,973
Hyundai Corp. 3,928 66,506
Hyundai Department Store
       Company, Ltd. 8,569 731,431
Hyundai Development Co-Engineering &
       Construction 26,678 954,601
Hyundai Electric & Energy System
       Company, Ltd. (A) 2,234 173,087
Hyundai Engineering & Construction
       Company, Ltd. 48,847 1,970,162
Hyundai Engineering Plastics
       Company, Ltd. 6,308 38,633
Hyundai Greenfood Company, Ltd. 15,345 199,682
Hyundai Heavy Industries
       Company, Ltd. (A) 17,204 2,247,505
Hyundai Home Shopping Network Corp. 2,047 200,861
Hyundai Hy Communications &
       Network Company, Ltd. 20,470 84,123
Hyundai Mipo Dockyard
       Company, Ltd. (A) 4,175 393,181
Hyundai Mobis Company, Ltd. 23,101 5,518,138
Hyundai Motor Company 55,857 7,541,056
Hyundai Robotics Company, Ltd. (A) 4,270 1,717,950
Hyundai Rotem Company, Ltd. (A) 5,901 87,203
Hyundai Steel Company 48,457 2,353,974
Hyundai Wia Corp. (B) 5,949 308,364
Iljin Electric Company, Ltd. 8,990 41,317
Iljin Holdings Company, Ltd. (A) 8,578 39,824
Ilshin Spinning Company, Ltd. 712 71,972
Ilsung Pharmaceuticals Company, Ltd. 353 37,813
iMarketKorea, Inc. 8,098 76,359
Industrial Bank of Korea 108,150 1,592,985
Interpark Holdings Corp. 25,354 87,259
INTOPS Company, Ltd. 3,542 33,545
Inzi Controls Company, Ltd. 2,171 14,581
IS Dongseo Company, Ltd. 4,948 141,019
ISU Chemical Company, Ltd. (B) 4,901 55,568
IsuPetasys Company, Ltd. 9,598 34,451
JB Financial Group Company, Ltd. 54,482 312,642
Jeil Savings Bank (A)(D) 1,820 0
Kangnam Jevisco Company, Ltd. 1,330 40,246
KAON Media Company, Ltd. 5,215 49,254
KB Financial Group, Inc. 13,504 783,195
KB Financial Group, Inc., ADR 91,112 5,279,029
KC Green Holdings Company, Ltd. 6,643 32,582
KCC Corp. 2,020 630,530
KCC Engineering & Construction
       Company, Ltd. 1,855 13,611
KEC Corp. (B) 37,908 45,959
Keyang Electric Machinery
       Company, Ltd. 5,051 19,458
KG Eco Technology Service
       Company, Ltd. 13,709 51,785
KGMobilians Company, Ltd. 6,437 56,996
KH Vatec Company, Ltd. (A)(B) 6,230 69,340
Kia Motors Corp. 86,713 2,597,562
KISCO Corp. 2,680 88,850
KISCO Holdings Company, Ltd. 778 47,894
KISWIRE, Ltd. 4,157 119,509
KleanNara Company, Ltd. (A) 4,525 17,471
KMH Company, Ltd. (A) 7,293 73,618
Kodaco Company, Ltd. 12,718 34,375
Kolon Corp. 785 36,760
Kolon Global Corp. 2,757 25,757
Kolon Industries, Inc. 10,254 636,552
Kopla Company, Ltd. 6,174 23,813
Korea Alcohol Industrial Company, Ltd. 5,890 48,973
Korea Cast Iron Pipe Industries
       Company, Ltd. (A) 4,106 38,447
Korea Circuit Company, Ltd. (A) 6,559 54,006
Korea Electric Terminal Company, Ltd. 1,496 75,197
Korea Flange Company, Ltd. (A) 2,370 24,398
Korea Investment Holdings
       Company, Ltd. 21,739 1,706,439
Korean Air Lines Company, Ltd. 24,747 765,809
Korean Reinsurance Company, Ltd. 45,140 483,700
Kortek Corp. 5,352 70,683
KPX Chemical Company, Ltd. 933 53,267
KSS LINE, Ltd. 7,222 58,444
KT Hitel Company, Ltd. (A) 2,596 14,412
KTB Investment & Securities
       Company, Ltd. (A) 21,545 102,232
KTCS Corp. 21,201 43,763
Ktis Corp. 10,123 26,402
Kukdo Chemical Company, Ltd. 1,414 79,562
Kumho Electric Company, Ltd. (A) 1,246 8,647
Kumho Tire Company, Inc. (A) 36,351 122,735
Kumkang Kind Company, Ltd. 1,497 41,002
Kwang Dong Pharmaceutical
       Company, Ltd. 3,830 31,873
Kwangju Bank Company, Ltd. 13,655 140,272
Kyeryong Construction
       Industrial Company, Ltd. (A) 2,811 48,420
Kyobo Securities Company, Ltd. 9,350 86,019
Kyungbang, Ltd. 5,320 70,188
Kyungchang Industrial Company, Ltd. 2,778 9,101
Kyung-In Synthetic Corp. 4,918 29,257
LF Corp. 11,362 283,331
LG Corp. 25,891 2,125,286
LG Display Company, Ltd. 15,857 386,210
LG Display Company, Ltd., ADR (B) 256,338 3,101,690
LG Electronics, Inc. 42,604 4,395,733
LG Hausys, Ltd. 3,823 277,894
LG International Corp. 13,222 336,719
LG Uplus Corp. 42,637 495,218
LMS Company, Ltd. 2,614 19,784
Lotte Chilsung Beverage Company, Ltd. 111 159,583
Lotte Confectionery Company, Ltd. 121 19,352

69



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
South Korea (continued)
Lotte Corp. (A) 7,778 $ 465,766
LOTTE Fine Chemical Company, Ltd. 3,124 209,847
Lotte Food Company, Ltd. 48 29,409
LOTTE Himart Company, Ltd. 3,540 244,316
Lotte Non-Life Insurance Company, Ltd. 30,709 92,353
Lotte Shopping Company, Ltd. 4,321 953,526
LS Corp. 11,213 780,100
Lumens Company, Ltd. (A) 25,793 90,933
MegaStudy Company, Ltd. 825 25,494
Meritz Securities Company, Ltd. 122,862 495,857
Mi Chang Oil Industrial Company, Ltd. 546 41,771
Mirae Asset Daewoo Company, Ltd. 95,962 840,997
Mirae Asset Life Insurance
       Company, Ltd. 46,502 219,105
MK Electron Company, Ltd. 7,860 78,809
MNTech Company, Ltd. (A) 8,763 35,329
Mobase Company, Ltd. 6,270 29,495
Moorim P&P Company, Ltd. 11,015 67,863
Moorim Paper Company, Ltd. 13,820 41,586
Muhak Company, Ltd. 4,734 76,686
Namsun Aluminum Company, Ltd. (A) 19,592 19,088
Namyang Dairy Products Company, Ltd. 211 135,214
Neowiz (A) 7,188 136,418
Nexen Corp. 9,530 63,711
Nexen Tire Corp. 13,165 153,805
NH Investment & Securities
       Company, Ltd. 46,437 616,947
NHN Entertainment Corp. (A) 1,627 103,687
Nong Shim Holdings Company, Ltd. 962 89,446
NongShim Company, Ltd. 904 255,098
Noroo Holdings Company, Ltd. 1,638 22,871
NOROO Paint & Coatings
       Company, Ltd. 3,102 23,122
OCI Company, Ltd. 6,918 1,035,306
Opto Device Technology Company, Ltd. 2,641 18,567
Pan Ocean Company, Ltd. (A)(B) 106,913 534,356
PaperCorea, Inc. (A)(B) 14,307 18,919
Paru Company, Ltd. (A) 8,628 29,133
Poonglim Industrial
       Company, Ltd. (A)(D) 189 32
Poongsan Corp. 12,154 441,842
Poongsan Holdings Corp. 1,404 66,340
POSCO 32,392 10,339,552
POSCO Coated & Color Steel
       Company, Ltd. 1,656 41,371
Posco Daewoo Corp. 20,120 437,297
POSCO, ADR 36,621 2,887,566
Power Logics Company, Ltd. (A) 13,310 58,190
Pyeong Hwa Automotive Company, Ltd. 4,945 47,189
RFTech Company, Ltd. 9,738 41,532
S&T Dynamics Company, Ltd. (A) 12,563 92,686
S&T Holdings Company, Ltd. 4,836 62,766
S&T Motiv Company, Ltd. 5,552 205,375
Sajo Industries Company, Ltd. 1,336 86,059
Sam Young Electronics Company, Ltd. 4,313 49,122
SAMHWA Paints Industrial
       Company, Ltd. 4,550 29,279
Samick Musical Instruments
       Company, Ltd. 28,916 58,076
Samjin LND Company, Ltd. (A) 9,393 23,154
Samkee Automotive Company, Ltd. 7,495 22,095
Sammok S-Form Company, Ltd. 3,036 33,753
SAMPYO Cement Company, Ltd. 14,943 47,903
Samsung C&T Corp. 4,057 525,037
Samsung Card Company, Ltd. 10,778 363,594
Samsung Fire & Marine
       Insurance Company, Ltd. 906 228,561
Samsung Heavy Industries
       Company, Ltd. (A)(B) 90,149 671,150
Samsung Life Insurance Company, Ltd. 23,522 2,562,060
Samsung SDI Company, Ltd. 822 149,030
Samsung Securities Company, Ltd. 22,396 836,301
Samyang Corp. (B) 1,625 127,406
Samyang Holdings Corp. 2,059 186,987
Samyang Tongsang Company, Ltd. 893 39,280
Sangsin Brake 3,243 23,114
SAVEZONE I&C CORP. 6,270 24,721
SBS Media Holdings Company, Ltd. (A) 23,148 64,033
Seah Besteel Corp. 7,041 175,259
SeAH Holdings Corp. 352 44,853
SeAH Steel Corp. 1,700 133,501
Sebang Company, Ltd. 5,267 67,169
Sebang Global Battery Company, Ltd. 3,884 117,251
Sebo Manufacturing Engineer Corp. 2,638 29,678
Sejong Industrial Company, Ltd. 6,392 49,578
Sekonix Company, Ltd. (A) 4,435 47,639
Seohan Company, Ltd. 34,363 74,497
Seohee Construction Company, Ltd. 65,642 70,572
Seoyon Company, Ltd. 7,014 40,973
Seoyon E-Hwa Company, Ltd. 6,658 53,675
Sewon Precision Industry Company, Ltd. 547 6,855
SG&G Corp. (A) 5,393 12,121
Shinhan Financial Group Company, Ltd. 11,642 496,639
Shinhan Financial Group Company, Ltd.,
       ADR (B) 184,219 7,810,902
Shinsegae Engineering & Construction
       Company, Ltd. 621 19,125
Shinsegae International, Inc. 704 59,003
Shinsegae, Inc. 4,080 1,340,510
Shinsung Tongsang Company, Ltd. (A) 24,560 27,271
Shinwha Intertek Corp. (A) 16,044 32,966
Shinwon Corp. (A)(B) 10,643 26,030
Shinyoung Securities Company, Ltd. (A) 1,830 97,432
Signetics Corp. (A) 24,925 30,237
Silla Company, Ltd. 1,581 24,953
SIMPAC, Inc. 4,415 17,852
Sindoh Company, Ltd. 1,959 120,515
SK Chemicals Company, Ltd. (A) 3,935 383,938
SK Discovery Company, Ltd. (B) 4,378 168,710
SK Gas, Ltd. 2,606 228,866
SK Innovation Company, Ltd. 35,739 7,103,437
SK Networks Company, Ltd. 63,590 346,994
SKC Company, Ltd. 10,808 390,694
SL Corp. 8,569 168,278
Ssangyong Cement Industrial
       Company, Ltd. 16,434 363,246
Ssangyong Motor Company (A) 15,567 72,430
Sun Kwang Company, Ltd. 2,310 40,645
Sunchang Corp. (A) 2,607 17,487
Sung Kwang Bend Company, Ltd. 7,945 88,116
Sungchang Enterprise Holdings, Ltd. (A) 9,150 23,016
Sungdo Engineering & Construction
       Company, Ltd. 3,604 27,896
Sungshin Cement Company, Ltd. (A) 9,269 48,314
Sungwoo Hitech Company, Ltd. 19,817 117,587
Taekwang Industrial Company, Ltd. 237 280,503
Taewoong Company, Ltd. (A) 5,167 93,747
Taeyoung Engineering & Construction
       Company, Ltd. 26,384 262,213
Tailim Packaging Company, Ltd. 9,651 26,712

70



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
South Korea (continued)
TBH Global Company, Ltd. (A) 7,740 $ 49,664
The LEADCORP, Inc. 9,683 55,862
The WillBes & Company (A) 21,723 35,265
Thinkware Systems Corp. (A) 2,827 32,324
TK Chemical Corp. (A) 21,204 39,437
TK Corp. 8,542 103,965
Tong Yang Moolsan Company, Ltd. 15,100 29,498
Tongyang Life Insurance Company, Ltd. 24,521 170,549
Tongyang, Inc. 19,311 33,018
Top Engineering Company, Ltd. 5,334 29,582
Tovis Company, Ltd. 8,841 66,170
TS Corp. 1,935 40,783
Ubiquoss Holdings, Inc. (A) 4,254 24,531
Ubiquoss, Inc. 535 11,216
UIL Company, Ltd. 5,278 31,377
Uju Electronics Company, Ltd. 3,028 36,917
Unid Company, Ltd. 2,769 131,433
Visang Education, Inc. 3,884 37,003
Wonik Holdings Company, Ltd. (A) 11,619 81,726
Woongjin Company, Ltd. (A) 25,720 70,034
Woongjin Thinkbig Company, Ltd. 6,988 43,962
Woori Bank 157,431 2,140,618
Woori Bank, ADR (B) 83 3,434
Woorison F&G Company, Ltd. (A) 14,464 32,369
Yoosung Enterprise Company, Ltd. 6,386 20,142
YooSung T&S Company, Ltd. 6,997 21,666
Young Poong Corp. 143 122,968
Youngone Corp. 10,160 260,733
Youngone Holdings Company, Ltd. 1,950 100,427
Yuanta Securities Korea
       Company, Ltd. (A) 12,273 52,416
Zeus Company, Ltd. 2,998 44,323
134,216,287
Taiwan – 16.1%
Ability Enterprise Company, Ltd. 135,979 91,479
AcBel Polytech, Inc. 102,000 72,431
Acer, Inc. (A) 1,055,452 888,077
ACES Electronic Company, Ltd. 54,000 50,903
Advanced International Multitech
       Company, Ltd. 51,000 79,450
Advancetek Enterprise Company, Ltd. 57,186 38,964
AGV Products Corp. (A) 244,716 62,680
Airmate Cayman International
       Company, Ltd. 28,000 22,992
ALI Corp. (A) 19,000 10,024
Alpha Networks, Inc. 135,500 109,468
Altek Corp. 102,104 104,259
Ampire Company, Ltd. 45,000 27,590
AmTRAN Technology Company, Ltd. 106,185 51,986
Apacer Technology, Inc. 34,000 47,652
APCB, Inc. 61,000 54,571
Apex International Company, Ltd. 50,790 33,257
Apex Science & Engineering 43,472 12,077
Arcadyan Technology Corp. 63,000 116,787
Asia Cement Corp. 823,805 800,116
Asia Pacific Telecom Company, Ltd. (A) 781,000 245,502
Asia Polymer Corp. 146,031 90,329
Asia Tech Image, Inc. 20,000 33,735
Asia Vital Components Company, Ltd. 148,328 149,615
Asustek Computer, Inc. 245,000 2,298,611
AU Optronics Corp. 426,000 197,512
AU Optronics Corp., ADR (B) 494,240 2,258,677
Audix Corp. 31,000 46,362
Aurona Industries, Inc. 15,000 13,561
Avermedia Technologies, Inc. (A) 62,000 28,006
Avision, Inc. (A) 98,751 23,497
AVY Precision Technology, Inc. 32,786 57,202
Bank of Kaohsiung Company, Ltd. 258,833 82,901
BenQ Materials Corp. (A) 25,000 16,906
BES Engineering Corp. 370,700 102,524
Biostar Microtech International Corp. 67,000 55,001
Bright Led Electronics Corp. 55,000 33,299
Cameo Communications, Inc. 91,944 25,455
Capital Securities Corp. 919,069 354,148
Career Technology MFG. Company, Ltd. 67,000 97,231
Carnival Industrial Corp. (A) 131,000 20,563
Casetek Holdings, Ltd. 84,317 250,335
Cathay Financial Holding Company, Ltd. 2,789,000 5,001,132
Cathay Real Estate Development
       Company, Ltd. 317,400 169,338
Chain Chon Industrial Company, Ltd. 35,000 17,472
ChainQui Construction Development
       Company, Ltd. 17,000 15,914
Champion Building Materials
       Company, Ltd. (A) 120,132 34,369
Chang Hwa Commercial Bank, Ltd. 2,552,656 1,483,158
Chang Wah Electromaterials, Inc. 16,000 82,691
Chant Sincere Company, Ltd. 25,000 24,582
CHC Healthcare Group 29,000 34,446
Chen Full International Company, Ltd. 42,000 65,037
Cheng Loong Corp. 416,320 233,242
Cheng Uei Precision Industry
       Company, Ltd. 218,629 309,147
Chenming Mold Industry Corp. 47,000 33,006
Chia Chang Company, Ltd. 33,000 26,248
Chia Hsin Cement Corp. 172,773 67,001
Chien Kuo Construction Company, Ltd. 72,000 27,421
Chimei Materials Technology Corp. (A) 122,000 46,835
China Airlines, Ltd. (A) 1,546,910 569,047
China Bills Finance Corp. 372,000 191,747
China Chemical & Pharmaceutical
       Company, Ltd. 143,000 97,348
China Development Financial
       Holding Corp. 4,123,208 1,467,513
China Electric Manufacturing Corp. (A) 93,000 34,000
China Life Insurance Company, Ltd. 715,475 746,317
China Man-Made Fiber Corp. (A) 342,800 112,621
China Metal Products Company, Ltd. 138,513 137,589
China Motor Corp. 222,125 210,222
China Petrochemical Development
       Corp. (A) 867,550 377,430
China Steel Corp. 6,066,180 4,844,472
China Steel Structure Company, Ltd. 50,000 40,764
China Synthetic Rubber Corp. 266,405 443,512
China Wire & Cable Company, Ltd. 51,380 47,196
Chinese Maritime Transport, Ltd. 59,330 59,640
Chin-Poon Industrial Company, Ltd. 174,571 314,971
Chipbond Technology Corp. 225,000 535,042
ChipMOS TECHNOLOGIES, INC. 115,000 91,769
Chong Hong Construction
       Company, Ltd. 7,000 20,397
Chun YU Works & Company, Ltd. 97,000 61,204
Chun Yuan Steel 234,874 90,886
Chung Hung Steel Corp. (A) 67,625 27,132
Chung Hwa Pulp Corp. 252,977 100,095
Chung-Hsin Electric & Machinery
       Manufacturing Corp. 209,500 155,983
Chunghwa Picture Tubes, Ltd. (A) 1,694,429 135,795
Clevo Company 198,000 202,414
CMC Magnetics Corp. (A) 880,443 139,441

71



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Taiwan (continued)
CoAsia Microelectronics Corp. (A) 46,764 $ 21,505
Collins Company, Ltd. 26,626 9,971
Compal Electronics, Inc. 2,274,000 1,561,420
Continental Holdings Corp. 207,050 115,482
Contrel Technology Company, Ltd. 43,000 22,257
Coretronic Corp. 243,000 363,731
Coxon Precise Industrial
       Company, Ltd. (A) 59,000 60,288
Creative Sensor, Inc. 45,000 42,081
CSBC Corp. Taiwan (A) 147,100 89,979
CTBC Financial Holding Company, Ltd. 7,474,348 5,400,872
CviLux Corp. 40,960 41,038
Cyberlink Corp. 23,000 49,118
CyberTAN Technology, Inc. 35,000 22,477
DA CIN Construction Company, Ltd. 62,000 42,992
Da-Li Development Company, Ltd. 20,000 24,326
Danen Technology Corp. (A) 94,000 20,423
Darfon Electronics Corp. 122,850 131,163
Delpha Construction Company, Ltd. 30,261 15,411
Depo Auto Parts Industrial
       Company, Ltd. 43,000 124,814
D-Link Corp. (A) 235,511 93,812
Dynamic Electronics Company, Ltd. (A) 159,762 55,182
Dynapack International
       Technology Corp. 67,000 96,805
E.Sun Financial Holding Company, Ltd. 3,420,730 2,311,849
Edimax Technology Company, Ltd. 102,404 31,373
Edison Opto Corp. (A) 62,000 33,838
Edom Technology Company, Ltd. 72,000 45,755
Elite Semiconductor Memory
       Technology, Inc. 39,000 60,194
Elitegroup Computer Systems
       Company, Ltd. (A) 159,104 94,982
Emerging Display Technologies Corp. 32,000 11,013
ENG Electric Company, Ltd. 52,738 12,502
EnTie Commercial Bank Company, Ltd. 106,000 49,058
Epistar Corp. 455,312 661,640
Eson Precision Ind Company, Ltd. 34,000 43,852
Eva Airways Corp. 1,205,005 621,482
Everest Textile Company, Ltd. 152,120 68,114
Evergreen International Storage &
       Transport Corp. 311,600 140,464
Evergreen Marine Corp. Taiwan, Ltd. (A) 903,429 471,794
Everlight Chemical Industrial Corp. 68,250 41,594
Everlight Electronics Company, Ltd. 194,000 299,972
Excel Cell Electronic Company, Ltd. 33,000 25,821
Excelsior Medical Company, Ltd. 46,695 77,692
Far Eastern Department Stores, Ltd. 495,720 277,391
Far Eastern International Bank 1,247,895 419,906
Far Eastern New Century Corp. 1,712,249 1,553,298
Farglory F T Z Investment Holding
       Company, Ltd. (A) 45,000 29,304
Farglory Land Development
       Company, Ltd. 153,530 173,478
Federal Corp. 214,847 93,969
First Copper Technology
       Company, Ltd. (A) 81,000 31,492
First Financial Holding Company, Ltd. 3,726,705 2,599,244
First Steamship Company, Ltd. (A) 365,807 106,882
Formosa Advanced Technologies
       Company, Ltd. 80,000 91,234
Formosa Chemicals & Fibre Corp. 84,000 317,166
Formosa Laboratories, Inc. 26,000 56,735
Formosa Taffeta Company, Ltd. 261,000 289,404
Formosan Rubber Group, Inc. 187,020 96,607
Formosan Union Chemical 195,013 126,651
Fortune Electric Company, Ltd. 35,000 30,683
Founding Construction & Development
       Company, Ltd. 109,566 60,283
Foxconn Technology Company, Ltd. 316,626 853,830
Foxlink Image Technology
       Company, Ltd. 67,000 52,050
Froch Enterprise Company, Ltd. 84,060 46,039
FSP Technology, Inc. 41,227 34,683
Fubon Financial Holding Company, Ltd. 3,527,417 6,111,257
Fullerton Technology Company, Ltd. 49,460 41,465
Fulltech Fiber Glass Corp. 149,616 98,721
Fwusow Industry Company, Ltd. 55,995 35,668
G Shank Enterprise Company, Ltd. 40,535 35,682
Gallant Precision Machining
       Company, Ltd. 66,000 48,030
Gemtek Technology Corp. 165,697 155,592
Getac Technology Corp. 78,000 112,870
Giantplus Technology Company, Ltd. 98,000 62,102
Gigabyte Technology Company, Ltd. 185,000 436,925
Gigastorage Corp. (A) 106,000 54,967
Gintech Energy Corp. (A) 194,670 106,593
Global Brands Manufacture, Ltd. 171,806 74,833
Global Lighting Technologies, Inc. 38,000 50,811
Globe Union Industrial Corp. 128,750 91,314
Gloria Material Technology Corp. 294,684 201,137
Gold Circuit Electronics, Ltd. (A) 213,204 72,613
Goldsun Building Materials
       Company, Ltd. (A) 395,714 128,144
Grand Fortune Securities Company, Ltd. 35,000 18,194
Grand Ocean Retail Group, Ltd. 18,000 14,235
Grand Pacific Petrochemical 460,000 486,078
Great China Metal Industry 17,000 15,425
Great Wall Enterprise Company, Ltd. 213,400 254,858
Green Energy Technology, Inc. (A) 36,194 19,202
Hannstar Board Corp. 128,759 79,476
HannStar Display Corp. 1,497,842 523,139
HannsTouch Solution, Inc. (A) 226,000 62,365
Hanpin Electron Company, Ltd. 18,000 16,952
Harvatek Corp. (A) 74,836 54,275
Hey Song Corp. 136,000 145,361
Highwealth Construction Corp. 164,000 254,476
Hitron Technology, Inc. 103,000 77,071
Ho Tung Chemical Corp. (A) 495,399 145,362
Hocheng Corp. (A) 86,500 28,350
Hon Hai Precision Industry
       Company, Ltd. 2,244,310 6,999,938
Hong Pu Real Estate Development
       Company, Ltd. 101,000 74,688
Hong TAI Electric Industrial 72,000 28,631
Hong YI Fiber Industry Company 67,000 49,510
Horizon Securities Company, Ltd. (A) 156,000 41,403
Hsin Kuang Steel Company, Ltd. 107,085 124,687
HTC Corp. (A) 174,000 399,909
HUA ENG Wire & Cable Company, Ltd. 175,000 71,622
Hua Nan Financial Holdings
       Company, Ltd. 2,765,897 1,667,700
Huaku Development Company, Ltd. 114,000 282,776
Huang Hsiang Construction
       Company, Corp. 35,000 35,442
Hung Ching Development &
       Construction Company, Ltd. 31,000 31,342
Hung Sheng Construction, Ltd. 243,200 255,461
Hwa Fong Rubber Industrial
       Company, Ltd. 59,160 30,426

72



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Taiwan (continued)
Ichia Technologies, Inc. (A) 117,180 $ 67,972
I-Chiun Precision Industry
       Company, Ltd. (A) 98,000 34,528
Infortrend Technology, Inc. 94,000 43,077
Innolux Corp. 5,247,561 2,319,350
Inpaq Technology Company, Ltd. 31,000 29,884
Inventec Corp. 1,223,000 977,968
ITE Technology, Inc. 12,000 15,921
Jarllytec Company, Ltd. 23,000 42,410
Jess-Link Products Company, Ltd. 58,750 59,444
Jih Sun Financial Holdings
       Company, Ltd. 820,946 239,261
Jinli Group Holdings, Ltd. 58,840 43,954
Johnson Health Tech Company, Ltd. 42,000 47,353
K Laser Technology, Inc. 55,214 31,401
Kaulin Manufacturing Company, Ltd. 29,000 22,453
KEE TAI Properties Company, Ltd. 129,000 45,502
Kenmec Mechanical Engineering
       Company, Ltd. (A) 44,000 16,610
Kindom Construction Corp. 203,000 144,004
King Chou Marine Technology
       Company, Ltd. 31,260 35,645
King Yuan Electronics Company, Ltd. 618,796 649,526
King’s Town Bank Company, Ltd. 487,000 619,859
King’s Town Construction
       Company, Ltd. (A) 15,300 11,689
Kinko Optical Company, Ltd. 20,000 25,154
Kinpo Electronics, Inc. 689,269 245,284
Kinsus Interconnect Technology Corp. 140,000 271,485
Kung Sing Engineering Corp. 120,000 63,383
Kuo Toong International
       Company, Ltd. (A) 80,897 51,625
Kuoyang Construction
       Company, Ltd. (A) 69,335 39,544
Kwong Fong Industries Corp. 47,878 27,327
Kwong Lung Enterprise Company, Ltd. 10,000 16,490
KYE Systems Corp. 99,651 36,228
L&K Engineering Company, Ltd. 74,000 89,909
LAN FA Textile (A) 34,863 10,095
LCY Chemical Corp. 192,000 294,036
Leader Electronics, Inc. 51,000 15,117
Lealea Enterprise Company, Ltd. (A) 334,124 125,995
LEE CHI Enterprises Company, Ltd. 78,000 28,987
LES Enphants Company, Ltd. (A) 64,000 26,971
Lextar Electronics Corp. (A) 146,000 105,494
Li Peng Enterprise Company, Ltd. (A) 363,030 97,635
Lien Hwa Industrial Corp. 65,861 85,001
Lingsen Precision Industries, Ltd. 206,481 94,732
Lite-On Semiconductor Corp. 98,693 144,477
Lite-On Technology Corp. 1,168,841 1,644,129
Long Bon International Company, Ltd. 86,000 41,801
Long Chen Paper Company, Ltd. 269,884 306,500
Lucky Cement Corp. 141,000 38,769
Lumax International Corp., Ltd. 18,000 35,696
Macroblock, Inc. 10,000 28,968
Marketech International Corp. 67,000 110,096
Masterlink Securities Corp. 592,128 188,789
MediaTek, Inc. 16,000 184,100
Mega Financial Holding Company, Ltd. 4,141,472 3,581,860
Meiloon Industrial Company, Ltd. (A) 15,520 16,190
Mercuries & Associates Holding, Ltd. 131,916 114,256
Mercuries Life Insurance
       Company, Ltd. (A) 422,415 225,872
MIN AIK Technology Company, Ltd. 48,000 38,714
Mitac Holdings Corp. 343,109 397,787
Motech Industries, Inc. (A) 172,181 135,636
MPI Corp. 27,000 56,426
Nan Ya Printed Circuit Board Corp. (A) 87,000 107,655
Nang Kuang Pharmaceutical
       Company, Ltd. 15,000 19,598
Nantex Industry Company, Ltd. 104,253 84,212
Neo Solar Power Corp. (A) 128,000 57,481
Nien Hsing Textile Company, Ltd. 78,310 68,089
Nishoku Technology, Inc. 16,000 44,754
Ocean Plastics Company, Ltd. (A) 26,000 24,132
OptoTech Corp. 244,517 195,533
Orient Semiconductor
       Electronics, Ltd. (A) 278,000 82,391
Pacific Construction Company 89,289 36,919
Pan Jit International, Inc. 115,000 193,494
Pan-International Industrial Corp. 190,481 147,011
Paragon Technologies Company, Ltd. (A) 28,904 28,085
Pegatron Corp. 1,071,660 2,697,270
Phihong Technology Company, Ltd. (A) 147,274 59,660
Plastron Precision Company, Ltd. 31,000 21,291
Pou Chen Corp. 708,348 945,890
President Securities Corp. (A) 466,845 237,183
Prime Electronics & Satellitics, Inc. (A) 50,000 14,327
Prince Housing & Development Corp. 521,555 212,922
Prodisc Technology, Inc. (A)(D) 762,000 0
Promate Electronic Company, Ltd. 45,000 44,285
Promise Technology, Inc. (A) 44,000 14,787
Qisda Corp. 847,280 634,417
Qualipoly Chemical Corp. 42,332 48,926
Quanta Storage, Inc. 82,000 79,477
Quintain Steel Company, Ltd. 113,111 42,501
Radiant Opto-Electronics Corp. 228,000 565,521
Radium Life Tech Company, Ltd. (A) 371,335 146,361
Rich Development Company, Ltd. 273,000 99,967
Ritek Corp. (A) 944,353 176,924
Ruentex Development
       Company, Ltd. (A) 340,938 404,157
Sampo Corp. 224,338 107,834
San Far Property, Ltd. (A) 55,000 24,339
Sanyang Motor Company, Ltd. 150,000 111,107
SCI Pharmtech, Inc. 11,000 25,420
Sesoda Corp. 85,842 88,495
Shan-Loong Transportation
       Company, Ltd. 34,000 39,040
Sharehope Medicine Company, Ltd. 20,776 25,292
Sheng Yu Steel Company, Ltd. 59,000 55,529
ShenMao Technology, Inc. 27,000 23,447
Shih Her Technologies, Inc. 22,000 28,142
Shih Wei Navigation Company, Ltd. (A) 102,740 25,806
Shihlin Electric & Engineering Corp. 31,000 44,112
Shin Kong Financial Holding
       Company, Ltd. 3,027,170 1,160,174
Shin Zu Shing Company, Ltd. 81,000 255,195
Shining Building Business
       Company, Ltd. (A) 51,975 19,066
Shinkong Insurance Company, Ltd. 116,000 121,952
Shinkong Synthetic Fibers Corp. 580,239 192,650
Sigurd Microelectronics Corp. 182,293 230,583
Silicon Integrated Systems Corp. (A) 195,770 66,886
Simplo Technology Company, Ltd. 26,200 167,794
Sincere Navigation Corp. 157,000 95,946
Sinher Technology, Inc. 21,000 36,954
Sino-American Silicon Products, Inc. (A) 29,000 108,646
Sinon Corp. 195,650 115,504

73



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Taiwan (continued)
SinoPac Financial Holdings
       Company, Ltd. 3,982,952 $ 1,416,400
Sinphar Pharmaceutical Company, Ltd. 42,680 34,949
Sirtec International Company, Ltd. 56,000 77,244
Siward Crystal Technology
       Company, Ltd. 97,213 67,518
Solartech Energy Corp. (A) 149,624 70,635
Solomon Technology Corp. 47,000 36,777
Southeast Cement Company, Ltd. 35,000 16,847
Spirox Corp. 35,681 36,663
Standard Chemical & Pharmaceutical
       Company, Ltd. 20,000 24,200
Stark Technology, Inc. 16,000 20,169
Sunplus Technology Company, Ltd. 230,000 126,668
Sunrex Technology Corp. 43,234 24,921
Sunspring Metal Corp. 49,000 59,781
Sweeten Real Estate Development
       Company, Ltd. 34,973 21,610
Syncmold Enterprise Corp. 12,000 28,158
Synnex Technology International Corp. 372,550 560,670
Systex Corp. 91,000 199,644
T3EX Global Holdings Corp. 47,000 41,131
TA Chen Stainless Pipe 164,667 159,398
Ta Ya Electric Wire & Cable (A) 269,436 140,745
TA-I Technology Company, Ltd. 52,772 60,831
Tai Tung Communication Company, Ltd. 37,000 23,854
Taichung Commercial Bank
       Company, Ltd. 1,179,392 413,735
Taiflex Scientific Company, Ltd. 87,100 129,353
Tainan Enterprises Company, Ltd. 60,250 48,444
Tainan Spinning Company, Ltd. 644,638 290,686
Tainergy Tech Company, Ltd. (A) 40,000 14,272
Taishin Financial Holding Company, Ltd. 3,011,128 1,487,158
Taita Chemical Company, Ltd. (A) 61,000 24,309
Taiwan Business Bank 1,727,352 517,253
Taiwan Cement Corp. 1,693,983 2,136,972
Taiwan Chinsan Electronic Industrial
       Company, Ltd. 14,000 31,760
Taiwan Cogeneration Corp. 125,434 116,642
Taiwan Cooperative Financial Holding
       Company, Ltd. 2,529,106 1,495,217
Taiwan Fertilizer Company, Ltd. 272,000 362,068
Taiwan Fire & Marine Insurance
       Company, Ltd. 59,000 41,836
Taiwan FU Hsing Industrial
       Company, Ltd. 60,000 75,886
Taiwan Glass Industry Corp. 491,319 291,524
Taiwan Hon Chuan Enterprise
       Company, Ltd. 135,000 260,430
Taiwan Hopax Chemicals Manufacturing
       Company, Ltd. 80,200 51,809
Taiwan Kolin Company, Ltd. (A)(D) 327,000 0
Taiwan Land Development Corp. (A) 312,348 103,111
Taiwan Mask Corp. (A) 73,150 45,980
Taiwan Navigation Company, Ltd. (A) 93,000 48,213
Taiwan PCB Techvest Company, Ltd. 124,000 125,738
Taiwan Shin Kong Security
       Company, Ltd. 21,000 27,946
Taiwan Surface Mounting
       Technology Corp. 128,225 123,901
Taiwan TEA Corp. 175,000 88,728
Taiyen Biotech Company, Ltd. 63,137 61,208
Tatung Company, Ltd. (A) 866,200 636,261
Te Chang Construction Company, Ltd. 12,716 8,832
Teco Electric & Machinery
       Company, Ltd. 766,000 637,589
Test Rite International Company, Ltd. 86,000 69,324
Tex-Ray Industrial Company, Ltd. (A) 16,800 6,942
The Ambassador Hotel 54,000 43,112
The First Insurance Company, Ltd. 104,475 49,716
Thye Ming Industrial Company, Ltd. 44,000 60,979
Ton Yi Industrial Corp. 373,000 166,729
Tong Yang Industry Company, Ltd. 61,627 111,431
Tong-Tai Machine & Tool
       Company, Ltd. 104,588 70,438
Topoint Technology Company, Ltd. 70,212 49,686
TPK Holding Company, Ltd. 183,000 462,180
Tripod Technology Corp. 69,000 234,032
Tsann Kuen Enterprise Company, Ltd. 17,000 14,168
TSEC Corp. (A) 51,404 16,179
Tung Ho Steel Enterprise Corp. 304,000 257,231
TXC Corp. 149,000 201,292
TYC Brother Industrial Company, Ltd. 61,511 65,519
Tycoons Group Enterprise
       Company, Ltd. (A) 14,768 3,345
Tyntek Corp. 157,361 90,364
UDE Corp. 30,000 44,534
U-Ming Marine Transport Corp. 197,000 237,220
Unimicron Technology Corp. 780,000 511,588
Union Bank of Taiwan 578,834 188,996
Unitech Printed Circuit Board Corp. (A) 260,975 184,593
United Microelectronics Corp. 7,234,794 3,812,759
United Radiant Technology 20,000 12,000
Unity Opto Technology
       Company, Ltd. (A) 85,000 28,519
Universal Cement Corp. 147,483 112,358
Unizyx Holding Corp. 154,000 75,093
UPC Technology Corp. 416,309 270,570
USI Corp. 408,820 205,013
Ve Wong Corp. 61,993 56,017
Victory New Materials, Ltd. Company 41,400 65,936
Wah Lee Industrial Corp. 89,000 178,523
Walsin Lihwa Corp. 995,000 613,524
Walton Advanced Engineering, Inc. 112,584 56,398
Wan Hai Lines, Ltd. 303,050 187,702
Waterland Financial Holdings
       Company, Ltd. 987,846 346,380
Weikeng Industrial Company, Ltd. 91,000 68,940
Well Shin Technology Company, Ltd. 30,000 55,097
Winbond Electronics Corp. 1,255,793 855,784
Wintek Corp. (A)(D) 543,000 0
Wisdom Marine Lines
       Company, Ltd. (A) 146,274 139,700
Wistron Corp. 1,451,655 1,255,804
WPG Holdings, Ltd. 620,000 807,242
WT Microelectronics Company, Ltd. 177,174 287,732
WUS Printed Circuit Company, Ltd. (A) 114,750 67,304
Xxentria Technology Materials Corp. 41,000 90,877
Yang Ming Marine Transport Corp. (A) 245,534 88,383
YC Company, Ltd. 220,342 104,537
YC INOX Company, Ltd. 128,800 115,193
Yeong Guan Energy Technology Group
       Company, Ltd. 46,000 136,577
YFY, Inc. (A) 712,202 319,174
Yi Jinn Industrial Company, Ltd. 110,613 53,199
Yieh Phui Enterprise Company, Ltd. 648,620 242,079
Youngtek Electronics Corp. 48,000 98,081
Yuanta Financial Holdings
       Company, Ltd. 3,759,319 1,734,741

74



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Taiwan (continued)
Yulon Motor Company, Ltd. 408,000 $ 317,155
Yungshin Construction & Development
       Company, Ltd. 36,000 41,261
Zenitron Corp. 114,000 90,050
Zero One Technology Company, Ltd. 44,000 32,172
Zhen Ding Technology Holding, Ltd. 96,000 231,984
Zig Sheng Industrial Company, Ltd. 239,908 89,107
Zinwell Corp. 84,000 79,330
ZongTai Real Estate Development
       Company, Ltd. 102,711 79,085
123,967,018
Thailand – 3.0%
AAPICO Hitech PCL 144,720 159,260
AJ Plast PCL 43,100 20,055
Amata Corp. PCL 62,800 40,837
AP Thailand PCL 571,070 144,511
Asia Aviation PCL, NVDR 700,700 114,247
Bangchak Corp. PCL 182,800 215,580
Bangkok Airways PCL 163,500 74,734
Bangkok Bank PCL 25,300 173,875
Bangkok Bank PCL, NVDR 25,700 163,276
Bangkok Insurance PCL 4,550 52,815
Bangkok Land PCL 2,838,700 167,036
Banpu PCL 805,200 512,989
Better World Green PCL 314,400 14,412
Cal-Comp Electronics Thailand PCL 997,998 65,251
Charoen Pokphand Foods PCL 1,178,700 953,332
Energy Earth PCL (A)(D) 117,600 5,491
G J Steel PCL (A) 1,383,475 15,529
GFPT PCL 76,700 32,963
Golden Land Property Development PCL 342,300 103,853
Hana Microelectronics PCL 62,000 64,532
IRPC PCL 1,293,900 300,810
Italian-Thai Development PCL (A) 192,700 19,121
Kang Yong Electric PCL 1,500 20,540
Kasikornbank PCL, NVDR 193,900 1,319,517
Khon Kaen Sugar Industry PCL 535,600 63,453
Kiatnakin Bank PCL 38,300 88,371
Krung Thai Bank PCL 1,300,000 792,511
LH Financial Group PCL (B) 2,100,600 109,625
LPN Development PCL 213,500 70,488
MBK PCL 197,500 141,889
MCOT PCL (A) 42,500 14,173
Millcon Steel PCL (A) 313,300 16,669
Padaeng Industry PCL 40,100 35,442
Polyplex Thailand PCL 159,600 84,359
Precious Shipping PCL (A) 276,500 103,933
Property Perfect PCL 1,534,900 41,187
Pruksa Holding PCL 129,000 89,678
PTT Exploration & Production PCL 744,900 2,746,884
PTT Global Chemical PCL 735,200 2,234,810
PTT PCL 466,100 8,208,987
Quality Houses PCL 1,135,400 106,162
Rojana Industrial Park PCL 312,000 64,983
Saha-Union PCL 57,800 82,900
Sansiri PCL 3,092,966 164,899
SC Asset Corp. PCL 920,096 108,886
Siam Future Development PCL 190,891 54,985
Somboon Advance Technology PCL 104,100 69,095
Sri Trang Agro-Industry PCL 47,520 16,789
Srithai Superware PCL 283,000 12,947
Star Petroleum Refining PCL 54,800 28,649
STP & I PCL (A)(B) 39,100 5,756
Supalai PCL (A) 22,300 15,654
SVI PCL (B) 164,700 23,001
Tata Steel Thailand PCL (A) 2,324,600 61,753
Thai Airways International PCL (A) 338,900 166,232
Thai Oil PCL 245,700 716,168
Thai Stanley Electric PCL 700 5,168
Thaicom PCL 228,900 87,078
Thanachart Capital PCL 203,900 340,050
The Siam Commercial Bank PCL 169,900 781,140
Thitikorn PCL 59,000 25,761
Thoresen Thai Agencies PCL 221,500 56,820
TICON Industrial Connection PCL 25,000 14,173
TMB Bank PCL 4,000,400 323,242
TPI Polene PCL (B) 2,469,300 135,100
True Corp. PCL 1,088,600 242,383
Univentures PCL 120,300 36,127
Vinythai PCL 111,300 118,800
23,461,726
Turkey – 1.4%
Akbank Turk AS 750,882 1,825,797
Akenerji Elektrik Uretim AS (A)(B) 69,144 16,907
Albaraka Turk Katilim Bankasi AS 131,180 52,452
Anadolu Anonim Turk Sigorta Sirketi 47,448 49,830
Anadolu Cam Sanayii AS 78,307 68,123
Bagfas Bandirma Gubre Fabrikalari
       AS (A)(B) 11,173 26,592
Borusan Mannesmann Boru Sanayi ve
       Ticaret AS 21,523 66,678
Dogan Sirketler Grubu Holding
       AS (A)(B) 783,433 264,720
Eczacibasi Yatirim Holding Ortakligi AS 11,996 30,410
EIS Eczacibasi Ilac ve Sinai ve Finansal
       Yatirimlar Sanayi ve Ticaret AS 63,949 71,564
Enka Insaat ve Sanayi AS 90,626 124,539
Global Yatirim Holding AS (A) 27,297 26,879
Goldas Kuyumculuk Sanayi Ithalat ve
       Bagli Ortakliklari (A)(D) 54,846 2,919
Ihlas Holding AS (A) 481,506 61,125
Ipek Dogal Enerji Kaynaklari Arastirma
       ve Uretim AS (A)(B) 52,948 70,382
Is Finansal Kiralama AS (A) 32,658 16,960
NET Holding AS (A) 40,130 22,824
Pinar Entegre Et ve Un Sanayi AS 7,519 18,858
Selcuk Ecza Deposu Ticaret ve
       Sanayi AS 62,919 59,522
Trakya Cam Sanayii AS 250,416 325,074
Turcas Petrol AS 56,959 35,471
Turk Hava Yollari AO (A) 332,752 1,645,574
Turkiye Garanti Bankasi AS 661,923 1,835,401
Turkiye Halk Bankasi AS 258,435 595,764
Turkiye Is Bankasi AS, Class C 844,325 1,533,524
Turkiye Sinai Kalkinma Bankasi AS 530,865 205,248
Turkiye Sise ve Cam Fabrikalari AS 320,251 421,367
Turkiye Vakiflar Bankasi TAO, Class D 405,879 672,101
Uzel Makina Sanayii AS (A)(D) 22,930 0
Yapi ve Kredi Bankasi AS (A) 282,798 320,147
10,466,752
Ukraine – 0.0%
Kernel Holding SA 15,457 226,533
TOTAL COMMON STOCKS (Cost $649,380,443) $ 748,467,042
 
PREFERRED SECURITIES – 1.9%
Brazil – 1.8%
Banco ABC Brasil SA 48,999 269,376
Banco do Estado do Rio Grande do Sul
       SA, B Shares 96,900 594,940

75



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

Shares or
Principal
      Amount       Value
PREFERRED SECURITIES (continued)
Brazil (continued)
Cia Ferro Ligas da Bahia 30,124 $ 193,530
Gerdau SA 111,334 522,703
Grazziotin SA 2,800 22,687
Marcopolo SA 111,600 131,833
Petroleo Brasileiro SA (A) 1,734,907 11,250,923
Randon SA Implementos e Participacoes 37,900 99,071
Unipar Carbocloro SA 31,481 275,195
Usinas Siderurgicas de Minas Gerais SA,
       A Shares (A) 203,000 671,450
14,031,708
Colombia – 0.1%
Grupo Argos SA 38,640 226,801
Grupo de Inversiones Suramericana SA 33,973 432,861
659,662
Malaysia – 0.0%
SP Setia BHD Group (5.930% to
       12-29-22, then 6.930% thereafter) (A) 58,998 13,423
Panama – 0.0%
Avianca Holdings SA 130,887 140,066
South Korea – 0.0%
Mirae Asset Daewoo Company, Ltd. (A) 21,107 89,208
TOTAL PREFERRED SECURITIES (Cost $12,009,351) $ 14,934,067
         
RIGHTS – 0.0%
Mitrajaya Holdings BHD (Expiration
       Date: 4-11-18; Strike Price: MYR
       0.59) (A) 25,920 2,479
Samsung Heavy Industries
       Company, Ltd. (Expiration
       Date: 4-16-18; Strike Price: KRW
       5,870) (A)(B) 47,531 92,529
TOTAL RIGHTS (Cost $0) $ 95,008
             
WARRANTS – 0.0%
Medco Energi Internasional Tbk PT
       (Expiration Date: 12-14-20; Strike
       Price: IDR 625.00) (A) 983,733 45,016
Sunway BHD (Expiration Date: 10-3-24;
       Strike Price: MYR 1.86) (A) 69,277 $ 7,343
TOTAL WARRANTS (Cost $0) $ 52,359
             
SECURITIES LENDING COLLATERAL – 2.8%
John Hancock Collateral Trust,
       1.8276% (E)(F) 2,160,461 21,608,494
TOTAL SECURITIES LENDING COLLATERAL
(Cost $21,612,601) $ 21,608,494
Total Investments (Emerging Markets Value Trust)
       (Cost $683,002,395) – 101.7% $ 785,156,970
Other assets and liabilities, net – (1.7%) (13,298,979 )
TOTAL NET ASSETS – 100.0% $ 771,857,991

Currency Abbreviations

IDR         Indonesian Rupiah
KRW Korean Won
MYR Malaysian Ringgit

Security Abbreviations and Legend

ADR         American Depositary Receipt
GDR Global Depositary Receipt
NVDR Non-Voting Depositary Receipt
(A) Non-income producing security.
(B) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $21,383,898.
(C) 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.
(D) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(E) The rate shown is the annualized seven-day yield as of 3-31-18.
(F) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

DERIVATIVES

FUTURES

Unrealized
Number of Expiration Notional Notional appreciation
Open contracts       contracts       Position       date       basis*       value*       (depreciation)
Mini MSCI Emerging Markets Index Futures 65 Long Jun 2018 $ 3,937,725 $ 3,860,350          $ (77,375 )
$ (77,375 )

See Notes to Portfolio of Investments regarding investment transactions and other derivatives information.

Equity Income Trust

Shares or
Principal
      Amount       Value
COMMON STOCKS – 95.8%
Consumer discretionary – 7.0%
Auto components – 0.5%
Adient PLC 149,393 $ 8,927,726
Automobiles – 0.1%
Ford Motor Company 194,800 2,158,384
Hotels, restaurants and leisure – 1.0%
Las Vegas Sands Corp. 243,600 17,514,840
Leisure products – 0.4%
Mattel, Inc. (A) 581,375 7,645,081
Media – 3.9%
Comcast Corp., Class A 494,533 16,898,193
News Corp., Class A 879,500 13,896,100
The Walt Disney Company 52,100 5,232,924
Twenty-First Century Fox, Inc., Class B 845,400 30,747,198
66,774,415

76



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Equity Income Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Multiline retail – 0.7%
Kohl’s Corp. 193,500 $ 12,676,185
Specialty retail – 0.4%
L Brands, Inc. 155,800 5,953,118
121,649,749
Consumer staples – 8.0%
Beverages – 0.9%
Diageo PLC 28,701 970,659
PepsiCo, Inc. 137,800 15,040,870
16,011,529
Food and staples retailing – 1.8%
CVS Health Corp. 193,477 12,036,204
Walmart, Inc. 203,700 18,123,189
30,159,393
Food products – 2.6%
Archer-Daniels-Midland Company 359,200 15,578,504
Kellogg Company 108,100 7,027,581
Tyson Foods, Inc., Class A 307,800 22,527,882
45,133,967
Household products – 1.2%
Kimberly-Clark Corp. 193,500 21,310,155
Personal products – 0.3%
Coty, Inc., Class A 293,348 5,368,268
Tobacco – 1.2%
Philip Morris International, Inc. 203,300 20,208,020
138,191,332
Energy – 9.3%
Oil, gas and consumable fuels – 9.3%
Apache Corp. (A) 346,283 13,324,970
Chevron Corp. 162,800 18,565,712
EQT Corp. 36,470 1,732,690
Exxon Mobil Corp. 553,500 41,296,635
Hess Corp. 418,200 21,169,284
Occidental Petroleum Corp. 255,900 16,623,264
TOTAL SA 610,095 34,970,415
TransCanada Corp. 291,900 12,058,389
159,741,359
Financials – 26.4%
Banks – 13.1%
Bank of America Corp. 103,193 3,094,758
Citigroup, Inc. 320,900 21,660,750
Fifth Third Bancorp 813,800 25,838,150
JPMorgan Chase & Co. 632,675 69,575,270
KeyCorp 738,000 14,427,900
The PNC Financial Services Group, Inc. 124,500 18,829,380
U.S. Bancorp 492,000 24,846,000
Wells Fargo & Company 922,400 48,342,984
226,615,192
Capital markets – 6.0%
Ameriprise Financial, Inc. 38,500 5,695,690
Franklin Resources, Inc. 323,000 11,201,640
Morgan Stanley 706,800 38,138,928
Northern Trust Corp. 75,000 7,734,750
State Street Corp. 260,400 25,969,692
The Bank of New York Mellon Corp. 268,124 13,816,430
102,557,130
Insurance – 7.3%
American International Group, Inc. 380,800 20,723,133
Brighthouse Financial, Inc. (A)(B) 243,254 12,503,256
Chubb, Ltd. 167,044 22,846,608
Loews Corp. 461,666 22,958,650
Marsh & McLennan Companies, Inc. 114,000 9,415,260
MetLife, Inc. 510,900 23,445,201
Willis Towers Watson PLC 39,289 5,979,393
XL Group, Ltd. 146,100 8,073,486
125,944,987
455,117,309
Health care – 11.0%
Biotechnology – 1.2%
Gilead Sciences, Inc. 273,600 20,626,704
Health care equipment and supplies – 2.0%
Becton, Dickinson and Company 59,500 12,893,650
Medtronic PLC 272,299 21,843,826
34,737,476
Health care providers and services – 1.7%
Anthem, Inc. 135,274 29,719,698
Pharmaceuticals – 6.1%
Bristol-Myers Squibb Company 228,825 14,473,181
GlaxoSmithKline PLC 576,119 11,188,831
GlaxoSmithKline PLC, ADR (A) 199,000 7,774,930
Johnson & Johnson 244,400 31,319,860
Merck & Company, Inc. 305,050 16,616,074
Pfizer, Inc. 679,835 24,127,344
105,500,220
190,584,098
Industrials – 10.1%
Aerospace and defense – 3.6%
Harris Corp. 200,924 32,405,023
The Boeing Company 92,700 30,394,476
62,799,499
Air freight and logistics – 1.2%
United Parcel Service, Inc., Class B 189,000 19,780,740
Airlines – 1.1%
Alaska Air Group, Inc. 80,400 4,981,584
Delta Air Lines, Inc. 136,900 7,503,489
Southwest Airlines Company 117,200 6,713,216
19,198,289
Building products – 1.5%
Johnson Controls International PLC 739,632 26,064,632
Commercial services and supplies – 0.3%
Stericycle, Inc. (B) 77,907 4,559,897
Electrical equipment – 0.9%
Emerson Electric Company 218,100 14,896,230
Industrial conglomerates – 0.4%
General Electric Company 491,600 6,626,768
Machinery – 1.1%
Flowserve Corp. 155,837 6,752,417
Illinois Tool Works, Inc. 23,400 3,665,844
Pentair PLC 135,600 9,238,428
19,656,689
173,582,744
Information technology – 8.4%
Communications equipment – 1.7%
Cisco Systems, Inc. 668,400 28,667,676
Electronic equipment, instruments and components – 0.5%
TE Connectivity, Ltd. 81,200 8,111,880
Semiconductors and semiconductor equipment – 3.3%
Analog Devices, Inc. 40,200 3,663,426
Applied Materials, Inc. 233,100 12,962,691
QUALCOMM, Inc. 527,300 29,217,693

77



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Equity Income Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Semiconductors and semiconductor equipment (continued)
Texas Instruments, Inc. 116,100 $ 12,061,629
57,905,439
Software – 2.4%
CA, Inc. 86,100 2,918,790
Microsoft Corp. 424,825 38,773,778
41,692,568
Technology hardware, storage and peripherals – 0.5%
Hewlett Packard Enterprise Company 254,200 4,458,668
Western Digital Corp. 43,500 4,013,745
8,472,413
144,849,976
Materials – 5.2%
Chemicals – 3.0%
Akzo Nobel NV 35,528 3,356,788
CF Industries Holdings, Inc. 447,000 16,865,310
DowDuPont, Inc. 499,498 31,823,018
52,045,116
Construction materials – 0.7%
Vulcan Materials Company 102,400 11,691,008
Containers and packaging – 0.9%
International Paper Company 295,200 15,772,536
Metals and mining – 0.6%
Nucor Corp. 177,800 10,861,802
90,370,462
Real estate – 2.8%
Equity real estate investment trusts – 2.8%
Equity Residential 223,900 13,796,718
Rayonier, Inc. 455,811 16,035,431
SL Green Realty Corp. 80,778 7,821,734
Weyerhaeuser Company 321,500 11,252,500
48,906,383
Telecommunication services – 2.9%
Diversified telecommunication services – 2.8%
CenturyLink, Inc. 295,717 4,858,630
Telefonica SA 990,371 9,811,451
Verizon Communications, Inc. 688,085 32,904,225
47,574,306
Wireless telecommunication services – 0.1%
Vodafone Group PLC 577,423 1,579,847
49,154,153
Utilities – 4.7%
Electric utilities – 3.4%
Edison International 192,737 12,269,637
PG&E Corp. 224,831 9,876,826
The Southern Company 667,448 29,808,228
Westar Energy, Inc. 137,600 7,236,384
59,191,075
Multi-utilities – 1.3%
NiSource, Inc. 745,900 17,834,469
Sempra Energy 35,252 3,920,727
21,755,196
80,946,271
TOTAL COMMON STOCKS (Cost $1,313,891,402) $ 1,653,093,836
               
PREFERRED SECURITIES – 2.2%
Health care – 0.8%
Health care equipment and supplies – 0.8%
Becton, Dickinson and Company,
6.125% 227,357 13,284,470
Utilities – 1.4%
Electric utilities – 0.8%
NextEra Energy, Inc., 6.123% 238,995 $ 13,780,452
Multi-utilities – 0.6%
DTE Energy Company, 6.500% (A) 57,184 2,978,715
Sempra Energy, 6.000% 77,293 7,912,484
10,891,199
24,671,651
TOTAL PREFERRED SECURITIES (Cost $33,641,949) $ 37,956,121
         
CORPORATE BONDS – 0.3%
Consumer discretionary – 0.3%
Mattel, Inc.
6.750%, 12/31/2025 (C) $ 5,549,000 5,425,257
TOTAL CORPORATE BONDS (Cost $5,547,672) $ 5,425,257
           
SECURITIES LENDING COLLATERAL – 1.5%
John Hancock Collateral Trust,
       1.8276% (D)(E) 2,620,736 26,212,076
TOTAL SECURITIES LENDING COLLATERAL
(Cost $26,215,317) $ 26,212,076
               
SHORT-TERM INVESTMENTS – 1.3%
Money market funds – 1.3%
State Street Institutional U.S. Government
       Money Market Fund, Premier Class,
       1.5812% (D) 3,379,717 3,379,717
T. Rowe Price Government Money Fund,
       1.8418% (D) 19,288,477 19,288,477
22,668,194
TOTAL SHORT-TERM INVESTMENTS (Cost $22,668,194) $ 22,668,194
Total Investments (Equity Income Trust)
       (Cost $1,401,964,534) – 101.1% $ 1,745,355,484
Other assets and liabilities, net – (1.1%) (19,241,239 )
TOTAL NET ASSETS – 100.0% $ 1,726,114,245

Security Abbreviations and Legend

ADR         American Depositary Receipt
(A) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $25,384,337.
(B) Non-income producing security.
(C) 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.
(D) The rate shown is the annualized seven-day yield as of 3-31-18.
(E) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

Financial Industries Trust

Shares or
Principal
      Amount       Value
COMMON STOCKS – 95.9%
Financials – 90.7%
Banks – 53.5%
1st Source Corp. 27,694 $ 1,401,870
Access National Corp. 23,505 670,598
American Business Bank (A) 24,286 971,440
Ameris Bancorp 54,520 2,884,108
Bank of America Corp. 249,438 7,480,646

78



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Financial Industries Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Banks (continued)
Bank of Marin Bancorp 14,242 $ 981,986
Bankinter SA 414,888 4,271,410
Cambridge Bancorp 2,928 255,468
Chemical Financial Corp. 44,377 2,426,534
Citigroup, Inc. 49,038 3,310,065
Citizens Financial Group, Inc. 175,777 7,379,118
Comerica, Inc. 71,903 6,897,655
Danske Bank A/S 149,753 5,610,987
DNB ASA 148,184 2,918,813
Equity Bancshares, Inc., Class A (A) 21,559 844,250
Evans Bancorp, Inc. 19,687 890,837
First Business Financial Services, Inc. 33,390 840,092
First Merchants Corp. 54,863 2,287,787
Flushing Financial Corp. 58,726 1,583,253
Glacier Bancorp, Inc. 61,763 2,370,464
Great Western Bancorp, Inc. 47,247 1,902,637
Heritage Commerce Corp. 68,621 1,130,874
Heritage Financial Corp. 29,775 911,115
JPMorgan Chase & Co. 61,559 6,769,643
KeyCorp 298,765 5,840,856
M&T Bank Corp. 18,376 3,387,799
MB Financial, Inc. 59,310 2,400,869
Nicolet Bankshares, Inc. (A) 8,799 484,561
Nordea Bank AB 270,938 2,899,026
OP Bancorp (A) 7,511 93,512
Pinnacle Financial Partners, Inc. 29,693 1,906,291
Regions Financial Corp. 319,987 5,945,358
Southern First Bancshares, Inc. (A) 12,727 566,352
SunTrust Banks, Inc. 84,017 5,716,517
SVB Financial Group (A) 24,624 5,910,006
The First Bancshares, Inc. 13,672 440,922
The First of Long Island Corp. 16 439
The PNC Financial Services Group, Inc. 27,292 4,127,642
TriCo Bancshares 57,575 2,142,942
U.S. Bancorp 98,130 4,955,565
Unicaja Banco SA (A)(B) 895,571 1,543,470
Union Bankshares Corp. 56,481 2,073,418
Zions Bancorporation 122,849 6,477,828
123,905,023
Capital markets – 9.3%
Altamir 110,575 1,791,650
Ameriprise Financial, Inc. 7,805 1,154,672
Ares Management LP 10,824 231,634
Close Brothers Group PLC 105,314 2,123,936
Intermediate Capital Group PLC 189,781 2,621,280
Invesco, Ltd. 132,396 4,237,996
KKR & Company LP 177,174 3,596,632
St. James’s Place PLC 139,194 2,122,134
The Blackstone Group LP (C) 100,786 3,220,113
Vontobel Holding AG 6,845 424,364
21,524,411
Consumer finance – 4.9%
American Express Company 17,422 1,625,124
Capital One Financial Corp. 55,960 5,362,087
Discover Financial Services 59,410 4,273,361
11,260,572
Diversified financial services – 5.4%
Berkshire Hathaway, Inc., Class B (A) 30,695 6,123,039
Cerved Information Solutions SpA 131,181 1,638,319
Eurazeo SA 9,586 882,648
Voya Financial, Inc. 78,216 3,949,908
12,593,914
Insurance – 16.5%
Aon PLC 33,761 4,737,681
Assured Guaranty, Ltd. 107,114 3,877,527
Athene Holding, Ltd., Class A (A) 59,958 2,866,592
Chubb, Ltd. 39,836 5,448,369
CNO Financial Group, Inc. 155,881 3,377,941
Gjensidige Forsikring ASA 58,431 1,074,677
James River Group Holdings, Ltd. 67,305 2,387,308
Kinsale Capital Group, Inc. 55,077 2,827,102
Lincoln National Corp. 87,384 6,384,275
Marsh & McLennan Companies, Inc. 35,548 2,935,909
Willis Towers Watson PLC 14,773 2,248,303
38,165,684
Thrifts and mortgage finance – 1.1%
Provident Financial Services, Inc. 56,517 1,446,270
United Community Financial Corp. 117,142 1,155,020
2,601,290
210,050,894
Information technology – 0.4%
IT services – 0.4%
EVERTEC, Inc. 60,932 996,238
Real estate – 4.8%
Equity real estate investment trusts – 4.2%
GLP J-REIT 431 476,991
Green REIT PLC 330,120 615,449
Hibernia REIT PLC 402,633 715,562
Irish Residential Properties REIT PLC 589,728 1,009,799
Nippon Prologis REIT, Inc. 667 1,448,684
Park Hotels & Resorts, Inc. 23,948 647,075
Prologis, Inc. 48,902 3,080,337
Rexford Industrial Realty, Inc. 28,788 828,807
Washington Prime Group, Inc. 144,657 964,862
9,787,566
Real estate management and development – 0.6%
VGP NV (A) 15,415 1,223,887
11,011,453
TOTAL COMMON STOCKS (Cost $182,814,378) $ 222,058,585
         
PREFERRED SECURITIES – 0.2%
Financials – 0.2%
Banks – 0.2%
OFG Bancorp, Series C, 8.750% 489 490,736
TOTAL PREFERRED SECURITIES (Cost $483,267) $ 490,736
         
SECURITIES LENDING COLLATERAL – 1.4%
John Hancock Collateral Trust,
       1.8276% (D)(E) 308,197 3,082,526
TOTAL SECURITIES LENDING COLLATERAL
(Cost $3,082,681) $ 3,082,526
         
SHORT-TERM INVESTMENTS – 3.7%
U.S. Government Agency – 2.9%
Federal Agricultural Mortgage Corp.
       Discount Note
       1.500%, 04/02/2018 * $ 574,000 573,976
Federal Home Loan Bank Discount Note
       1.200%, 04/02/2018 * 3,936,000 3,935,869
       1.400%, 04/02/2018 * 2,241,000 2,240,913
6,750,758

79



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Financial Industries Trust (continued)

Shares or
Principal
      Amount       Value
SHORT-TERM INVESTMENTS (continued)
Repurchase agreement – 0.8%
Repurchase Agreement with State Street
       Corp. dated 3-29-18 at 0.740% to be
       repurchased at $1,858,153 on 4-2-18,
       collateralized by $1,930,000 Federal
       National Mortgage Association,
       1.500% due 6-22-20 (valued at
       $1,899,483, including interest) $ 1,858,000 $ 1,858,000
TOTAL SHORT-TERM INVESTMENTS (Cost $8,608,758) $ 8,608,758
Total Investments (Financial Industries Trust)
       (Cost $194,989,084) – 101.2% $ 234,240,605
Other assets and liabilities, net – (1.2%) (2,666,950 )
TOTAL NET ASSETS – 100.0% $ 231,573,655

Security Abbreviations and Legend

(A)         Non-income producing security.
(B) 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.
(C) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $3,017,914.
(D) The rate shown is the annualized seven-day yield as of 3-31-18.
(E) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.
* 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.

DERIVATIVES

FORWARD FOREIGN CURRENCY CONTRACTS

Contractual
settlement Unrealized Unrealized
Contract to buy       Contract to sell       Counterparty (OTC)       date       appreciation       depreciation
CHF 20,000 USD 21,064 State Street Bank and Trust Company 6/20/2018 — ($7 )
DKK 1,370,000 USD 227,250 Goldman Sachs Bank USA 6/20/2018 $179 —
EUR 3,450,000 USD 4,294,163 Citibank N.A. 6/20/2018 — (24,982 )
GBP 320,000 USD 453,090 Toronto Dominion Bank 6/20/2018 — (2,692 )
NOK 5,740,000 USD 740,092 Royal Bank of Canada 6/20/2018 — (6,064 )
USD 444,677 CHF 420,000 Goldman Sachs Bank USA 6/20/2018 2,488 —
USD 5,845,515 DKK 35,120,000 Citibank N.A. 6/20/2018 15,376 —
USD        18,358,017 EUR        14,810,000 Citibank N.A. 6/20/2018 31,474 —
USD 7,243,273 GBP 5,130,000 Toronto Dominion Bank 6/20/2018 22,833 —
USD 1,947,212 JPY 205,520,000 State Street Bank and Trust Company 6/20/2018 5,755 —
USD 4,736,876 NOK 36,500,000 Royal Bank of Canada 6/20/2018 69,278 —
USD 3,604,844 SEK 29,320,000 Goldman Sachs Bank USA 6/20/2018 73,276 —
USD 114,308 SEK 950,000 UBS AG 6/20/2018 — (118 )
$220,659      ($33,863 )

Derivatives Currency Abbreviations

CHF        Swiss Franc
DKK Danish Krone
EUR Euro
GBP Pound Sterling
JPY Japanese Yen
NOK Norwegian Krone
SEK Swedish Krona
USD U.S. Dollar

OTC is an abbreviation for over-the-counter. See Notes to Portfolio of Investments regarding investment transactions and other derivatives information.

Fundamental All Cap Core Trust

Shares or
Principal
      Amount       Value
COMMON STOCKS – 97.7%
Consumer discretionary – 23.6%
Household durables – 6.2%
Lennar Corp., A Shares 920,888 $ 54,277,139
Lennar Corp., B Shares 14,840 707,720
NVR, Inc. (A) 5,353 14,988,400
Tempur Sealy International, Inc. (A) 976,985 44,247,651
114,220,910
Internet and direct marketing retail – 7.1%
Amazon.com, Inc. (A) 89,407 129,402,327
Leisure products – 5.5%
Polaris Industries, Inc. 878,178 100,568,945
Media – 2.6%
Liberty Media Corp.-Liberty Formula
       One, Series C (A) 1,544,088 47,635,115
Specialty retail – 2.2%
CarMax, Inc. (A) 257,534 15,951,656

80



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Fundamental All Cap Core Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Specialty retail (continued)
Group 1 Automotive, Inc. 382,848 $ 25,015,288
40,966,944
432,794,241
Consumer staples – 1.9%
Beverages – 1.9%
Anheuser-Busch InBev SA, ADR 156,924 17,252,225
Diageo PLC, ADR 132,892 17,996,235
35,248,460
Energy – 5.4%
Energy equipment and services – 2.6%
National Oilwell Varco, Inc. 723,120 26,618,047
Schlumberger, Ltd. 329,778 21,363,019
47,981,066
Oil, gas and consumable fuels – 2.8%
Cheniere Energy, Inc. (A) 583,115 31,167,497
Kinder Morgan, Inc. 100,281 1,510,232
Suncor Energy, Inc. 548,608 18,948,920
51,626,649
99,607,715
Financials – 25.0%
Banks – 9.3%
Bank of America Corp. 3,126,421 93,761,366
Citigroup, Inc. 1,149,105 77,564,588
171,325,954
Capital markets – 14.2%
Affiliated Managers Group, Inc. 432,066 81,911,072
FactSet Research Systems, Inc. 48,946 9,760,811
Greenhill & Company, Inc. 1,051,183 19,446,886
Morgan Stanley 1,254,677 67,702,371
The Goldman Sachs Group, Inc. 319,781 80,540,043
259,361,183
Consumer finance – 1.5%
American Express Company 199,799 18,637,251
Synchrony Financial 272,454 9,135,383
27,772,634
458,459,771
Health care – 4.1%
Biotechnology – 2.7%
Amgen, Inc. 286,104 48,775,010
Pharmaceuticals – 1.4%
Allergan PLC 154,077 25,929,618
74,704,628
Industrials – 9.9%
Electrical equipment – 1.9%
Regal Beloit Corp. 193,319 14,179,949
Sensata Technologies Holding PLC (A) 413,636 21,438,753
35,618,702
Industrial conglomerates – 4.2%
General Electric Company 5,732,425 77,273,089
Machinery – 0.7%
The Manitowoc Company, Inc. (A) 141,405 4,024,386
Welbilt, Inc. (A) 404,218 7,862,040
11,886,426
Professional services – 2.5%
IHS Markit, Ltd. (A) 952,876 45,966,738
Trading companies and distributors – 0.6%
United Rentals, Inc. (A) 37,984 6,560,976
WESCO International, Inc. (A) 68,109 4,226,163
10,787,139
181,532,094
Information technology – 23.7%
Internet software and services – 13.9%
Alphabet, Inc., Class A (A) 70,257 72,866,345
Cargurus, Inc. (A) 1,834,077 70,556,942
Facebook, Inc., Class A (A) 257,914 41,212,078
Twitter, Inc. (A) 2,418,998 70,175,132
254,810,497
Software – 3.0%
Workday, Inc., Class A (A) 432,953 55,032,656
Technology hardware, storage and peripherals – 6.8%
Apple, Inc. 747,673 125,444,576
435,287,729
Materials – 1.7%
Paper and forest products – 1.7%
Louisiana-Pacific Corp. 1,055,546 30,368,058
Real estate – 2.4%
Equity real estate investment trusts – 1.9%
American Tower Corp. 233,594 33,950,552
Real estate management and development – 0.5%
Five Point Holdings LLC, Class A (A) 681,959 9,724,735
43,675,287
TOTAL COMMON STOCKS (Cost $1,374,789,792) $ 1,791,677,983
         
SHORT-TERM INVESTMENTS – 0.7%
U.S. Government Agency – 0.6%
Federal Agricultural Mortgage Corp.
       Discount Note
       1.500%, 04/02/2018 * $ 768,000 767,968
Federal Home Loan Bank Discount Note
       1.200%, 04/02/2018 * 7,438,000 7,437,752
       1.400%, 04/02/2018 * 3,000,000 2,999,883
11,205,603
Repurchase agreement – 0.1%
Barclays Tri-Party Repurchase
       Agreement dated 3-29-18 at 1.750%
       to be repurchased at $1,037,202 on
       4-2-18, collateralized by $1,071,900
       U.S. Treasury Notes, 1.875% due
       4-30-22 (valued at $1,052,538,
       including interest) and $5,100
       U.S. Treasury Inflation Indexed Notes,
       0.125% due 7-15-22 (valued at
       $5,435, including interest) 1,037,000 1,037,000
Repurchase Agreement with State Street
       Corp. dated 3-29-18 at 0.740% to be
       repurchased at $225,019 on 4-2-18,
       collateralized by $235,000
       U.S. Treasury Notes, 2.125% due
       8-31-20 (valued at $234,041, including
       interest) 225,000 225,000
1,262,000
TOTAL SHORT-TERM INVESTMENTS (Cost $12,467,603) $ 12,467,603
Total Investments (Fundamental All Cap Core Trust)
       (Cost $1,387,257,395) – 98.4% $ 1,804,145,586
Other assets and liabilities, net – 1.6% 29,324,777
TOTAL NET ASSETS – 100.0% $ 1,833,470,363

81



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Fundamental All Cap Core Trust (continued)

Security Abbreviations and Legend

ADR         American Depositary Receipt
(A) Non-income producing security.
* 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.

Fundamental Large Cap Value Trust

Shares or
Principal
      Amount       Value
COMMON STOCKS – 98.9%
Consumer discretionary – 8.4%
Auto components – 0.5%
Adient PLC 61,240 $ 3,659,702
Household durables – 3.5%
Lennar Corp., A Shares 286,554 16,889,493
Lennar Corp., B Shares 6,192 295,296
Tempur Sealy International, Inc. (A) 210,572 9,536,806
26,721,595
Media – 1.3%
Twenty-First Century Fox, Inc., Class A 268,819 9,862,969
Specialty retail – 2.1%
AutoZone, Inc. (A) 12,729 8,257,175
Group 1 Automotive, Inc. 124,521 8,136,202
16,393,377
Textiles, apparel and luxury goods – 1.0%
Cie Financiere Richemont SA 84,413 7,585,509
64,223,152
Consumer staples – 6.3%
Beverages – 2.9%
Anheuser-Busch InBev SA, ADR 107,905 11,863,076
Heineken Holding NV 100,953 10,409,197
22,272,273
Food products – 1.0%
Danone SA 95,804 7,768,003
Tobacco – 2.4%
Imperial Brands PLC 189,522 6,453,128
Philip Morris International, Inc. 116,156 11,545,906
17,999,034
48,039,310
Energy – 8.8%
Energy equipment and services – 2.5%
National Oilwell Varco, Inc. 518,001 19,067,617
Oil, gas and consumable fuels – 6.3%
Chevron Corp. 136,557 15,572,960
Exxon Mobil Corp. 280,051 20,894,605
Suncor Energy, Inc. 332,627 11,488,937
47,956,502
67,024,119
Financials – 34.5%
Banks – 15.5%
Bank of America Corp. 1,455,340 43,645,647
CIT Group, Inc. 295,177 15,201,616
Citigroup, Inc. 535,341 36,135,518
JPMorgan Chase & Co. 215,476 23,695,896
118,678,677
Capital markets – 11.6%
Affiliated Managers Group, Inc. 98,303 18,636,283
Morgan Stanley 608,695 32,845,182
The Goldman Sachs Group, Inc. 147,337 37,108,297
88,589,762
Consumer finance – 4.8%
American Express Company 225,239 21,010,294
Synchrony Financial 473,235 15,867,570
36,877,864
Insurance – 2.6%
American International Group, Inc. 166,134 9,041,012
Prudential Financial, Inc. 103,662 10,734,200
19,775,212
263,921,515
Health care – 10.8%
Biotechnology – 4.0%
Amgen, Inc. 21,772 3,711,691
Gilead Sciences, Inc. 128,707 9,703,221
Shire PLC, ADR 113,938 17,021,198
30,436,110
Health care equipment and supplies – 3.0%
Danaher Corp. 88,102 8,626,067
Medtronic PLC 178,038 14,282,208
22,908,275
Health care providers and services – 0.4%
Patterson Companies, Inc. 148,960 3,311,381
Pharmaceuticals – 3.4%
Allergan PLC 64,333 10,826,601
Merck & Company, Inc. 184,206 10,033,701
Novartis AG, ADR 66,016 5,337,394
26,197,696
82,853,462
Industrials – 14.5%
Aerospace and defense – 3.8%
L3 Technologies, Inc. 43,144 8,973,952
United Technologies Corp. 157,897 19,866,601
28,840,553
Industrial conglomerates – 5.8%
General Electric Company 3,272,907 44,118,786
Machinery – 0.5%
Parker-Hannifin Corp. 21,133 3,614,377
Professional services – 0.4%
Nielsen Holdings PLC 99,868 3,174,804
Road and rail – 3.0%
Union Pacific Corp. 169,619 22,801,882
Trading companies and distributors – 1.0%
United Rentals, Inc. (A) 46,521 8,035,572
110,585,974
Information technology – 13.5%
Communications equipment – 1.3%
Cisco Systems, Inc. 221,440 9,497,562
Internet software and services – 2.7%
eBay, Inc. (A) 520,078 20,927,939
Software – 4.3%
Microsoft Corp. 226,710 20,691,822
Oracle Corp. 263,342 12,047,897
32,739,719
Technology hardware, storage and peripherals – 5.2%
Apple, Inc. 238,432 40,004,121
  103,169,341
Materials – 2.1%
Chemicals – 2.1%
LyondellBasell Industries NV, Class A 150,180 15,871,018
TOTAL COMMON STOCKS (Cost $658,820,112) $ 755,687,891

82



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Fundamental Large Cap Value Trust (continued)

Shares or
Principal
      Amount       Value
SHORT-TERM INVESTMENTS – 0.7%
U.S. Government Agency – 0.5%
Federal Agricultural Mortgage Corp.
       Discount Note
       1.500%, 04/02/2018 * $ 354,000 $ 353,985
Federal Home Loan Bank Discount Note
       1.200%, 04/02/2018 * 2,431,000 2,430,919
       1.400%, 04/02/2018 * 1,384,000 1,383,946
4,168,850
Repurchase agreement – 0.2%
Barclays Tri-Party Repurchase
       Agreement dated 3-29-18 at 1.750%
       to be repurchased at $478,093 on
       4-2-18, collateralized by $496,700
       U.S. Treasury Notes, 1.875% due
       4-30-22 (valued at $487,728,
       including interest) 478,000 478,000
Repurchase Agreement with State Street
       Corp. dated 3-29-18 at 0.740% to be
       repurchased at $1,106,091 on 4-2-18,
       collateralized by $1,150,000 Federal
       National Mortgage Association,
       1.500% due 6-22-20 (valued at
       $1,131,816, including interest) 1,106,000 1,106,000
1,584,000
TOTAL SHORT-TERM INVESTMENTS (Cost $5,752,850) $ 5,752,850
Total Investments (Fundamental Large Cap Value Trust)
       (Cost $664,572,962) – 99.6% $ 761,440,741
Other assets and liabilities, net – 0.4% 2,728,234
TOTAL NET ASSETS – 100.0% $ 764,168,975

Security Abbreviations and Legend

ADR        American Depositary Receipt
(A) Non-income producing security.
* 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.

Global Bond Trust

Shares or
Principal
      Amount       Value
U.S. GOVERNMENT AND AGENCY
OBLIGATIONS – 27.9%
U.S. Government – 4.2%
U.S. Treasury Bonds
       2.875%, 05/15/2043 $ 500,000 $ 491,846
       3.000%, 05/15/2045 (A) 700,000 702,922
       3.125%, 02/15/2043 (A) 400,000 411,505
       3.625%, 08/15/2043 (A) 600,000 670,378
       4.625%, 02/15/2040 (A) 600,000 766,448
U.S. Treasury Inflation
       Protected Securities
       0.125%, 04/15/2022 to 07/15/2024 (A) 5,567,858 5,464,340
       0.500%, 01/15/2028 3,817,822 3,745,583
       1.750%, 01/15/2028 1,537,835 1,688,946
       2.500%, 01/15/2029 (A) 8,542,508 10,107,664
   24,049,632
U.S. Government Agency – 23.7%
Federal Home Loan Mortgage Corp.
       3.000%, TBA (B) 1,000,000 975,285
       3.851%, (12 month LIBOR +
              1.851%), 03/01/2035 (C) 44,649 46,560
Federal National Mortgage Association
       3.122%, (12 month LIBOR +
              1.382%), 12/01/2034 (C) 77,081 78,438
       3.407%, (12 month LIBOR +
              1.637%), 05/01/2035 (C) 30,769 31,698
       3.500%, TBA (B) 76,300,000 76,406,563
       3.551%, (1 Year CMT + 2.360%),
              11/01/2034 (C) 424,435 449,163
       4.000%, TBA (B) 55,600,000 56,945,375
       4.500%, 08/01/2023 to 09/01/2044 568,825 596,803
Government National Mortgage
       Association
       2.375%, (1 Year CMT + 1.500%),
              02/20/2024 to 01/20/2030 (C) 21,016 21,405
       2.625%, (1 Year CMT + 1.500%),
              04/20/2030 to 06/20/2030 (C) 18,999 19,648
       3.125%, (1 Year CMT + 1.500%),
              11/20/2023 to 10/20/2026 (C) 26,442 26,806
135,597,744
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS
(Cost $159,094,342) $ 159,647,376
         
FOREIGN GOVERNMENT OBLIGATIONS – 24.4%
Argentina – 0.1%
Republic of Argentina
       3.375%, 01/15/2023 EUR 700,000 852,011
Australia – 0.1%
New South Wales Treasury Corp.,
       Inflation-Linked Bond
       3.507%, 11/20/2025 AUD 300,000 334,583
Canada – 2.9%
Government of Canada
       1.500%, 12/01/2044 CAD 455,608 436,338
Province of Alberta
       1.250%, 06/01/2020 2,700,000 2,060,810
       2.350%, 06/01/2025 2,700,000 2,050,499
Province of British Columbia
       2.300%, 06/18/2026 1,400,000 1,060,266
Province of Ontario
       2.400%, 06/02/2026 100,000 75,917
       2.500%, 04/27/2026 $ 800,000 762,626
       3.500%, 06/02/2024 CAD 5,100,000 4,172,472
Province of Quebec
       2.750%, 08/25/2021 $ 1,200,000 1,197,192
       3.000%, 09/01/2023 CAD 1,700,000 1,357,493
       4.250%, 12/01/2021 4,500,000 3,736,710
16,910,323
France – 2.1%
Government of France
       2.000%, 05/25/2048 (D) EUR 6,600,000 8,966,556
       3.250%, 05/25/2045 1,800,000 3,092,135
12,058,691
Israel – 0.2%
Government of Israel
       3.250%, 01/17/2028 $ 500,000 486,688
       4.125%, 01/17/2048 500,000 479,970
966,658
Italy – 4.8%
Republic of Italy
       1.450%, 11/15/2024 EUR 8,300,000 10,417,212
       2.450%, 09/01/2033 (D) 300,000 376,529
       2.700%, 03/01/2047 (D) 300,000 364,767

83



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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)
       2.800%, 03/01/2067 (D) EUR 1,600,000 $ 1,865,228
       2.950%, 09/01/2038 (D) 1,800,000 2,344,772
       3.250%, 09/01/2046 (D) 200,000 269,906
       3.450%, 03/01/2048 (D) 7,700,000 10,633,853
       6.000%, 08/04/2028 GBP 600,000 1,042,637
27,314,904
Japan – 4.0%
Government of Japan
       0.500%, 09/20/2046 JPY 370,000,000 3,283,283
       1.600%, 03/20/2033 840,000,000 9,442,664
Japan Bank for International Cooperation
       2.000%, 11/04/2021 $ 1,800,000 1,743,376
       2.375%, 07/21/2022 to 11/16/2022 1,000,000 973,714
       2.500%, 06/01/2022 500,000 490,509
Japan Finance Organization
       for Municipalities
       2.125%, 04/13/2021 (D) 2,500,000 2,434,712
       2.125%, 04/13/2021 900,000 876,654
Tokyo Metropolitan Government
       2.000%, 05/17/2021 (D) 1,200,000 1,162,022
       2.500%, 06/08/2022 (D) 2,300,000 2,244,733
22,651,667
Kuwait – 0.9%
State of Kuwait
       2.750%, 03/20/2022 (D) 1,200,000 1,176,048
       3.500%, 03/20/2027 (D) 3,800,000 3,724,638
4,900,686
New Zealand – 0.8%
Dominion of New Zealand
       5.000%, 03/15/2019 NZD 6,300,000 4,690,242
Norway – 0.1%
Government of Norway
       3.750%, 05/25/2021 (D) NOK 3,800,000 522,695
Poland – 0.2%
Republic of Poland
       2.250%, 04/25/2022 PLN 4,600,000 1,349,312
       3.250%, 07/25/2025 100,000 29,905
  1,379,217
Qatar – 0.1%
Government of Qatar
       4.500%, 01/20/2022 $ 700,000 722,081
Saudi Arabia – 1.3%
Kingdom of Saudi Arabia
       2.375%, 10/26/2021 4,800,000 4,623,955
       2.875%, 03/04/2023 (D) 400,000 384,882
       3.250%, 10/26/2026 600,000 561,993
       3.625%, 03/04/2028 (D) 1,200,000 1,139,578
KSA Sukuk, Ltd.
       2.894%, 04/20/2022 (D) 600,000 583,500
7,293,908
Slovenia – 1.1%
Republic of Slovenia
       4.125%, 02/18/2019 (D) 1,600,000 1,618,426
       4.125%, 02/18/2019 1,550,000 1,567,850
       4.750%, 05/10/2018 400,000 400,770
       5.250%, 02/18/2024 (D) 1,682,000 1,856,817
       5.250%, 02/18/2024 726,000 801,598
  6,245,461
Spain – 2.0%
Autonomous Community of Catalonia
       4.220%, 04/26/2035 EUR 200,000 267,415
       4.750%, 06/04/2018 800,000 990,039
       4.900%, 09/15/2021 850,000 1,141,472
       4.950%, 02/11/2020 1,300,000 1,711,412
Kingdom of Spain
       1.950%, 04/30/2026 (D) 3,500,000 4,672,740
       2.900%, 10/31/2046 (D) 2,000,000 2,838,458
11,621,536
Turkey – 0.0%
Republic of Turkey
       6.750%, 04/03/2018 $ 200,000 200,023
United Arab Emirates – 0.5%
Abu Dhabi Government
       2.500%, 10/11/2022 (D) 1,800,000 1,733,670
       3.125%, 10/11/2027 (D) 1,100,000 1,039,500
2,773,170
United Kingdom – 3.2%
Government of United Kingdom
       3.250%, 01/22/2044 GBP 3,700,000 6,823,954
       3.500%, 01/22/2045 1,100,000 2,125,207
       4.250%, 12/07/2040 4,000,000 8,290,371
       4.750%, 12/07/2038 600,000 1,292,416
  18,531,948
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $133,854,155) $ 139,969,804
     
CORPORATE BONDS – 38.4%
Brazil – 0.8%
Petrobras Global Finance BV
       4.375%, 05/20/2023 $ 800,000 785,040
       5.999%, 01/27/2028 (D) 1,868,000 1,849,320
       7.250%, 03/17/2044 1,300,000 1,326,000
       8.375%, 12/10/2018 500,000 517,005
4,477,365
Canada – 0.9%
Air Canada Pass Through Trust
       3.300%, 07/15/2031 (D) 300,000 291,603
Brookfield Finance, Inc.
       3.900%, 01/25/2028 400,000 388,432
Enbridge, Inc.
       3.700%, 07/15/2027 600,000 574,757
Enbridge, Inc. (3 month LIBOR +
       0.700%)
       2.825%, 06/15/2020 (C) 500,000 501,913
Royal Bank of Canada
       2.300%, 03/22/2021 1,600,000 1,572,567
The Bank of Nova Scotia
       1.875%, 04/26/2021 1,700,000 1,647,912
4,977,184
Cayman Islands – 0.3%
Baidu, Inc.
       3.875%, 09/29/2023 300,000 299,797
Preferred Term Securities XXVI, Ltd. (3
       month LIBOR + 0.300%)
       2.425%, 09/22/2037 (C)(D) 1,287,468 1,139,409
Tencent Holdings, Ltd.
       3.595%, 01/19/2028 (D) 200,000 191,421
1,630,627
Denmark – 4.8%
BRFkredit A/S
       2.000%, 10/01/2047 DKK 7,119,927 1,180,700

84



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

Shares or
Principal
      Amount       Value
CORPORATE BONDS (continued)
Denmark (continued)
Nordea Kredit Realkreditaktieselskab
       1.000%, 04/01/2018 DKK 10,200,000 $ 1,683,557
       2.000%, 10/01/2047 to 10/01/2050 26,899,924 4,454,284
       2.500%, 10/01/2037 to 10/01/2047 916,121 160,461
Nykredit Realkredit A/S
       1.000%, 04/01/2018 8,500,000 1,402,964
       2.000%, 10/01/2047 35,960,416 5,968,078
       2.500%, 10/01/2037 to 10/01/2047 14,906,208 2,613,264
       3.000%, 10/01/2047 71,330 12,559
       6.000%, 10/01/2029 35,941 7,042
Realkredit Danmark A/S
       1.000%, 04/01/2018 to 04/01/2018 18,400,000 3,037,006
       2.000%, 10/01/2047 31,554,107 5,232,630
       2.500%, 10/01/2037 to 07/01/2047 11,486,428 2,013,585
Realkredit Danmark A/S (6 month
       CIBOR + 0.850%)
       0.680%, 01/01/2038 (C) 217,774 37,847
27,803,977
France – 1.8%
Credit Agricole SA (8.125% to 9-19-18,
       then 5 Year U.S. Swap Rate +
       6.283%)
       09/19/2033 $ 1,480,000 1,508,981
Danone SA
       2.077%, 11/02/2021 (D) 500,000 479,038
Dexia Credit Local SA
       0.750%, 01/25/2023 EUR 700,000 881,327
       1.875%, 09/15/2021 (D) $ 3,100,000 2,997,784
       2.000%, 01/22/2021 EUR 900,000 1,173,639
       2.250%, 02/18/2020 (D) $ 2,600,000 2,580,477
       2.500%, 01/25/2021 (D) 800,000 794,119
10,415,365
Germany – 0.5%
Deutsche Bank AG
       3.150%, 01/22/2021 200,000 196,985
       4.250%, 10/14/2021 2,700,000 2,741,835
Deutsche Bank AG (3 month LIBOR +
       0.815%)
       2.560%, 01/22/2021 (C) 200,000 198,882
3,137,702
Guernsey, Channel Islands – 0.1%
Credit Suisse Group Funding
       Guernsey, Ltd.
       3.800%, 06/09/2023 400,000 400,614
Hong Kong – 0.1%
AIA Group, Ltd.
       3.900%, 04/06/2028 (D) 400,000 403,219
Ireland – 0.5%
AerCap Ireland Capital DAC
       3.750%, 05/15/2019 300,000 301,858
Bank of Ireland (7.375% to 6-18-20,
       then 5 Year Euro Swap Rate +
       6.956%)
       06/18/2020 (E) EUR 800,000 1,088,308
Shire Acquisitions Investments
       Ireland DAC
       1.900%, 09/23/2019 $ 1,000,000 983,411
       2.400%, 09/23/2021 300,000 289,597
2,663,174
Italy – 1.0%
Banca Carige SpA
       3.875%, 10/24/2018 EUR 2,800,000 3,512,132
Intesa Sanpaolo SpA (6.250% to
       5-16-24, then 5 Year Euro Swap Rate
       + 5.856%)
       05/16/2024 (E) 600,000 804,673
Intesa Sanpaolo SpA (7.750% to
       1-11-27, then 5 Year Euro Swap Rate
       + 7.192%)
       01/11/2027 (E) 1,000,000 1,502,416
5,819,221
Ivory Coast – 0.4%
African Development Bank
       5.250%, 03/23/2022 AUD 2,900,000 2,447,352
Japan – 1.6%
Central Nippon Expressway
       Company, Ltd.
       2.091%, 09/14/2021 $ 500,000 482,473
Central Nippon Expressway
       Company, Ltd. (3 month LIBOR +
       0.540%)
       2.327%, 08/04/2020 (C) 3,100,000 3,106,076
Japan Tobacco, Inc.
       2.000%, 04/13/2021 300,000 291,325
Mitsubishi UFJ Financial Group, Inc.
       2.950%, 03/01/2021 345,000 343,025
Mizuho Financial Group, Inc.
       2.953%, 02/28/2022 1,800,000 1,769,038
NTT Finance Corp.
       1.900%, 07/21/2021 500,000 481,111
ORIX Corp.
       3.250%, 12/04/2024 300,000 291,348
Sumitomo Mitsui Financial Group, Inc.
       (3 month LIBOR + 1.680%)
       3.737%, 03/09/2021 (C) 2,300,000 2,378,012
9,142,408
Jersey, Channel Islands – 0.0%
AA Bond Company, Ltd.
       4.249%, 07/31/2043 GBP 200,000 286,008
Luxembourg – 0.1%
Allergan Funding SCS
       3.850%, 06/15/2024 $ 500,000 494,241
Emerald Bay SA
       2.690%, 10/08/2020 (D)(F) EUR 291,000 334,529
828,770
Netherlands – 2.2%
Cooperatieve Rabobank UA
       6.875%, 03/19/2020 1,550,000 2,145,345
ING Bank NV
       2.625%, 12/05/2022 $ 3,500,000 3,428,415
       2.625%, 12/05/2022 (D) 1,800,000 1,763,728
ING Bank NV (4.125% to 11-21-18,
       then 5 Year U.S. ISDAFIX + 2.700%)
       11/21/2023 2,900,000 2,914,419
LeasePlan Corp. NV
       2.875%, 01/22/2019 (D) 600,000 598,120
Stichting AK Rabobank Certificaten
       6.500%, 06/29/2018 (E) EUR 200,000 301,854
Teva Pharmaceutical Finance
       Netherlands III BV
       1.700%, 07/19/2019 $ 1,400,000 1,353,666
12,505,547
Norway – 0.3%
DNB Boligkreditt AS
       2.500%, 03/28/2022 (D) 1,500,000 1,469,351

85



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

Shares or
Principal
      Amount       Value
CORPORATE BONDS (continued)
Russia – 0.5%
Gazprom OAO
       9.250%, 04/23/2019 $ 1,900,000 $ 2,013,580
Sberbank of Russia
       3.080%, 03/07/2019 EUR 500,000 627,768
2,641,348
Singapore – 0.1%
BOC Aviation, Ltd.
       2.750%, 09/18/2022 (D) $ 200,000 191,297
       3.500%, 09/18/2027 (D) 400,000 370,924
562,221
Sweden – 5.1%
Lansforsakringar Hypotek AB
       1.250%, 09/20/2023 SEK 26,400,000 3,219,499
       2.250%, 09/21/2022 23,300,000 2,987,503
Nordea Hypotek AB
       1.000%, 04/08/2022 40,400,000 4,935,721
Skandinaviska Enskilda Banken AB
       1.500%, 12/15/2021 8,000,000 997,149
Stadshypotek AB
       1.500%, 12/15/2021 32,000,000 3,988,583
       4.500%, 09/21/2022 45,000,000 6,304,947
Sveriges Sakerstallda Obligationer AB
       1.250%, 06/15/2022 17,000,000 2,093,923
       2.000%, 06/17/2026 4,000,000 498,930
       1.000%, 09/15/2021 to 06/15/2022 36,100,000 4,409,885
29,436,140
Switzerland – 1.6%
Credit Suisse AG
       6.500%, 08/08/2023 $ 1,122,000 1,219,702
       6.500%, 08/08/2023 (D) 400,000 434,600
UBS AG
       2.200%, 06/08/2020 (D) 1,200,000 1,175,987
       7.625%, 08/17/2022 2,950,000 3,311,375
UBS AG (3 month LIBOR + 0.580%)
       2.627%, 06/08/2020 (C)(D) 1,800,000 1,806,550
UBS AG (4.750% to 5-22-18, then 5
       Year U.S. Swap Rate + 3.765%)
       05/22/2023 1,000,000 1,000,788
8,949,002
United Kingdom – 4.6%
Barclays Bank PLC
       7.625%, 11/21/2022 1,400,000 1,536,290
Barclays Bank PLC (7.750% to 4-10-18,
       then 5 Year U.S. Swap Rate +
       6.833%)
       04/10/2023 5,000,000 5,001,000
Barclays PLC (6.500% to 9-15-19, then
       5 Year Euro Swap Rate + 5.875%)
       09/15/2019 (E) EUR 600,000 783,589
Barclays PLC (7.000% to 9-15-19, then
       5 Year British Pound Swap Rate +
       5.084%)
       09/15/2019 (E) GBP 400,000 587,156
Barclays PLC (8.250% to 12-15-18, then
       5 Year U.S. Swap Rate + 6.705%)
       12/15/2018 (E) $ 600,000 619,080
BAT International Finance PLC
       1.625%, 09/09/2019 800,000 785,310
       2.750%, 06/15/2020 (D) 500,000 495,667
European Bank for Reconstruction &
       Development
       0.500%, 12/21/2023 AUD 200,000 132,746
HBOS PLC
       5.374%, 06/30/2021 EUR 1,000,000 1,421,660
HSBC Holdings PLC (6.250% to
       3-23-23, then 5 Year U.S. ISDAFIX +
       3.453%)
       03/23/2023 (E) $ 200,000 202,750
HSBC Holdings PLC (6.500% to
       3-23-28, then 5 Year U.S. ISDAFIX +
       3.606%)
       03/23/2028 (E) 400,000 408,000
Lloyds Bank PLC
       6.500%, 03/24/2020 EUR 1,000,000 1,380,588
Lloyds Banking Group PLC (7.000% to
       6-27-19, then 5 Year British Pound
       Swap Rate + 5.060%)
       06/27/2019 (E) GBP 700,000 1,027,540
Nationwide Building Society (3 month
       LIBOR + 1.064%)
       3.766%, 03/08/2024 (C)(D) $ 900,000 897,204
RAC Bond Company PLC
       4.870%, 05/06/2046 GBP 400,000 583,086
Reckitt Benckiser Treasury Services PLC
       2.375%, 06/24/2022 (D) $ 600,000 575,847
Santander UK Group Holdings PLC
       4.750%, 09/15/2025 (D) 1,400,000 1,408,442
Tesco PLC
       5.125%, 04/10/2047 EUR 800,000 1,175,991
       6.125%, 02/24/2022 GBP 1,050,000 1,657,962
The Royal Bank of Scotland Group PLC
       2.500%, 03/22/2023 EUR 1,200,000 1,574,462
The Royal Bank of Scotland Group PLC
       (3 month LIBOR + 1.470%)
       3.309%, 05/15/2023 (C) $ 600,000 605,244
The Royal Bank of Scotland Group PLC
       (3.498% to 5-15-22, then 3 month
       LIBOR + 1.480%)
       05/15/2023 500,000 491,187
Virgin Media Secured Finance PLC
       5.000%, 04/15/2027 (D) GBP 700,000 967,049
Virgin Money PLC
       2.250%, 04/21/2020 1,400,000 1,979,510
26,297,360
United States – 11.0%
AbbVie, Inc.
       3.200%, 11/06/2022 $ 500,000 493,423
Allegion US Holding Company, Inc.
       3.200%, 10/01/2024 300,000 290,973
Ally Financial, Inc.
       3.600%, 05/21/2018 2,700,000 2,700,000
American Honda Finance Corp. (3
       month LIBOR + 0.350%)
       2.137%, 11/05/2021 (C) 500,000 500,366
American International Group, Inc.
       4.200%, 04/01/2028 400,000 403,887
American Tower Corp.
       2.800%, 06/01/2020 200,000 198,502
Andeavor Logistics LP
       3.500%, 12/01/2022 100,000 98,239
       4.250%, 12/01/2027 100,000 97,421
       5.500%, 10/15/2019 200,000 205,820
Anheuser-Busch InBev Worldwide, Inc.
       4.375%, 04/15/2038 500,000 509,392
Anheuser-Busch InBev Worldwide, Inc.
       (3 month LIBOR + 0.740%)
       2.979%, 01/12/2024 (C) 400,000 402,352

86



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

Shares or
Principal
      Amount       Value
CORPORATE BONDS (continued)
United States (continued)
AT&T, Inc.
       1.800%, 09/05/2026 (D) EUR 1,300,000 $ 1,626,155
AT&T, Inc. (3 month LIBOR + 0.950%)
       2.672%, 07/15/2021 (C) $ 2,200,000 2,223,283
Bank of America Corp. (5.875% to
       3-15-28, then 3 month LIBOR +
       2.931%)
       03/15/2028 (E) 800,000 805,047
BAT Capital Corp.
       3.220%, 08/15/2024 (D) 600,000 578,222
       4.390%, 08/15/2037 (D) 600,000 595,306
BAT Capital Corp. (3 month LIBOR +
       0.590%)
       2.003%, 08/14/2020 (C)(D) 400,000 401,254
Campbell Soup Company
       3.300%, 03/15/2021 200,000 201,151
       3.650%, 03/15/2023 300,000 300,509
CenterPoint Energy Resources Corp.
       3.550%, 04/01/2023 200,000 200,546
Charter Communications Operating LLC
       3.750%, 02/15/2028 2,900,000 2,663,033
CIT Group, Inc.
       3.875%, 02/19/2019 300,000 301,800
       5.250%, 03/07/2025 300,000 307,146
Citigroup, Inc. (2.876% to 7-24-22, then
       3 month LIBOR + 0.950%)
       07/24/2023 300,000 291,827
Citigroup, Inc. (3.142% to 1-24-22, then
       3 month LIBOR + 0.722%)
       01/24/2023 400,000 395,064
CNH Industrial Capital LLC
       4.875%, 04/01/2021 400,000 411,500
Continental Resources, Inc.
       4.375%, 01/15/2028 (D) 300,000 292,500
CVS Health Corp.
       3.350%, 03/09/2021 200,000 201,054
       3.700%, 03/09/2023 300,000 300,922
       4.100%, 03/25/2025 200,000 201,244
       4.300%, 03/25/2028 400,000 402,470
       5.050%, 03/25/2048 100,000 104,966
Dell International LLC
       4.420%, 06/15/2021 (D) 800,000 820,466
Discover Bank
       3.350%, 02/06/2023 400,000 393,517
DR Horton, Inc.
       4.000%, 02/15/2020 600,000 610,076
Emera US Finance LP
       2.700%, 06/15/2021 400,000 390,838
Energy Transfer Partners LP
       4.150%, 10/01/2020 700,000 709,631
       5.750%, 09/01/2020 300,000 313,743
Enterprise Products Operating LLC
       2.550%, 10/15/2019 900,000 894,315
EPR Properties
       4.500%, 06/01/2027 800,000 779,432
Equinix, Inc.
       2.875%, 03/15/2024 EUR 300,000 366,254
ERAC USA Finance LLC
       2.350%, 10/15/2019 (D) $ 700,000 692,909
Fidelity National Information
       Services, Inc.
       0.400%, 01/15/2021 EUR 300,000 369,966
       1.700%, 06/30/2022 GBP 300,000 415,987
Ford Motor Credit Company LLC
       1.897%, 08/12/2019 $ 2,000,000 1,968,604
ERAC USA Finance LLC
       2.350%, 10/15/2019 (D) 700,000 692,909
       2.875%, 10/01/2018 600,000 600,558
Forest Laboratories LLC
       5.000%, 12/15/2021 (D) 300,000 313,095
Fresenius Medical Care US Finance
       II, Inc.
       4.125%, 10/15/2020 (D) 300,000 305,145
GATX Corp. (3 month LIBOR +
       0.720%)
       2.507%, 11/05/2021 (C) 300,000 301,562
General Motors Financial Company, Inc.
       3.200%, 07/13/2020 300,000 299,355
Harris Corp. (3 month LIBOR +
       0.475%)
       2.431%, 02/27/2019 (C) 400,000 400,078
Harris Corp. (3 month LIBOR +
       0.480%)
       2.247%, 04/30/2020 (C) 800,000 800,420
International Lease Finance Corp.
       8.250%, 12/15/2020 200,000 222,775
Kilroy Realty LP
       3.450%, 12/15/2024 100,000 96,982
Kinder Morgan Energy Partners LP
       6.850%, 02/15/2020 900,000 956,125
Komatsu Finance America, Inc.
       2.118%, 09/11/2020 200,000 195,916
Kraft Heinz Foods Company (3 month
       LIBOR + 0.570%)
       2.381%, 02/10/2021 (C) 700,000 698,088
Marriott International, Inc.
       6.750%, 05/15/2018 3,000,000 3,014,453
Morgan Stanley (3 month LIBOR +
       0.550%)
       2.294%, 02/10/2021 (C) 1,500,000 1,500,825
MUFG Americas Holdings Corp.
       3.000%, 02/10/2025 3,500,000 3,374,355
Navient Corp.
       5.500%, 01/15/2019 400,000 404,400
       5.875%, 03/25/2021 200,000 204,500
NextEra Energy Capital Holdings, Inc. (3
       month LIBOR + 0.315%)
       2.372%, 09/03/2019 (C) 1,500,000 1,499,681
Penske Truck Leasing Company LP
       3.950%, 03/10/2025 (D) 1,500,000 1,502,415
Pioneer Natural Resources Company
       7.500%, 01/15/2020 200,000 215,175
Sempra Energy (3 month LIBOR +
       0.450%)
       2.575%, 03/15/2021 (C) 600,000 601,704
Spectra Energy Partners LP (3 month
       LIBOR + 0.700%)
       2.725%, 06/05/2020 (C) 200,000 201,337
Springleaf Finance Corp.
       5.250%, 12/15/2019 800,000 816,000
       6.000%, 06/01/2020 1,400,000 1,445,500
Sprint Capital Corp.
       6.900%, 05/01/2019 100,000 103,000
Sprint Communications, Inc.
       9.000%, 11/15/2018 (D) 200,000 206,250
Sprint Spectrum Company LLC
       4.738%, 03/20/2025 (D) 300,000 301,500
Textron, Inc. (3 month LIBOR +
       0.550%)
       2.361%, 11/10/2020 (C) 900,000 899,029

87



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

Shares or
Principal
      Amount       Value
CORPORATE BONDS (continued)
United States (continued)
The Southern Company
       2.350%, 07/01/2021 $ 800,000 $ 775,084
Time Warner Cable LLC
       5.000%, 02/01/2020 1,500,000 1,540,451
       8.250%, 04/01/2019 300,000 314,816
UnitedHealth Group, Inc.
       3.750%, 07/15/2025 1,600,000 1,619,763
Verizon Communications, Inc.
       3.125%, 03/16/2022 700,000 693,611
       4.125%, 03/16/2027 1,200,000 1,214,706
Volkswagen Group of America
       Finance LLC
       2.125%, 05/23/2019 (D) 1,400,000 1,390,682
       2.450%, 11/20/2019 (D) 1,500,000 1,484,046
WEA Finance LLC
       3.750%, 09/17/2024 (D) 200,000 200,155
Wells Fargo & Company (3 month
       LIBOR + 1.230%)
       3.002%, 10/31/2023 (C) 1,600,000 1,623,251
Wells Fargo & Company (3 month
       LIBOR + 1.110%)
       2.851%, 01/24/2023 (C) 1,400,000 1,419,170
Westrock Company
       3.750%, 03/15/2025 (D) 300,000 299,141
ZF North America Capital, Inc.
       4.500%, 04/29/2022 (D) 200,000 202,500
Zimmer Biomet Holdings, Inc.
       3.150%, 04/01/2022 1,500,000 1,478,080
63,166,791
Virgin Islands, British – 0.1%
CNPC General Capital, Ltd.
       2.750%, 05/14/2019 (D) 800,000 797,646
TOTAL CORPORATE BONDS (Cost $214,037,654)   $ 220,258,392
 
CAPITAL PREFERRED
SECURITIES – 0.3%
United States – 0.3%
Dresdner Funding Trust I
       8.151%, 06/30/2031 (D) 1,000,000 1,267,500
       8.151%, 06/30/2031 200,000 253,500
1,521,000
TOTAL CAPITAL PREFERRED SECURITIES  
(Cost $1,440,000) $ 1,521,000
 
MUNICIPAL BONDS – 0.8%
United States – 0.8%
American Municipal Power, Inc. (Ohio)
       7.334%, 02/15/2028 700,000 884,072
California Infrastructure & Economic
       Development Bank
       6.486%, 05/15/2049 400,000 538,920
City of Los Angeles Wastewater System
       Revenue
       5.713%, 06/01/2039 200,000 246,678
Iowa Tobacco Settlement Authority
       6.500%, 06/01/2023 215,000 218,588
State of California (1 month LIBOR +
       0.780%)
       2.355%, 04/01/2047 (C) 2,900,000 2,921,489
TOTAL MUNICIPAL BONDS (Cost $4,769,885) $ 4,809,747
 
TERM LOANS (G) – 0.1%
United States – 0.1%
       CenturyLink, Inc. (1 month LIBOR +
              2.750%), 4.627%, 01/31/2025 598,500 588,152
       Las Vegas Sands LLC (3 month
              LIBOR + 1.750%), 3.627%,
              03/29/2024 98,240 98,397
686,549
TOTAL TERM LOANS (Cost $694,211) $ 686,549
 
COLLATERALIZED MORTGAGE OBLIGATIONS – 8.1%    
Commercial and residential – 7.4%
Adjustable Rate Mortgage Trust,
       Series 2005-5, Class 2A1,
       3.645%, 09/25/2035 (H) 69,219 65,613
Alba PLC, Series 2006-2, Class A3A (3
       month GBP LIBOR + 0.170%),
       0.776%, 12/15/2038 (C) GBP 198,036 267,662
American Home Mortgage Investment
       Trust, Series 2004-3, Class 5A (12
       month LIBOR + 1.500%),
       3.606%, 10/25/2034 (C) $ 10,139 10,183
Banc of America Alternative Loan Trust,
       Series 2006-3, Class 5CB1,
       6.500%, 04/25/2036 1,627,962 1,523,627
Banc of America Funding Corp.
       Series 2005-E, Class 1A1 (1 month
              LIBOR + 0.580%),
              2.402%, 05/20/2035 (C) 174,464 151,432
       Series 2006-J, Class 4A1,
              4.028%, 01/20/2047 (H) 83,307 79,955
Banc of America Mortgage
       Securities, Inc., Series 2005-B,
       Class 2A2,
       3.747%, 03/25/2035 (H) 394,764 385,299
Bear Stearns Adjustable Rate
       Mortgage Trust
       Series 2003-6, Class 1A1,
              3.344%, 08/25/2033 (H) 40,207 40,800
       Series 2003-7, Class 6A,
              3.598%, 10/25/2033 (H) 45,958 46,314
       Series 2003-9, Class 2A1,
              3.794%, 02/25/2034 (H) 8,645 8,786
       Series 2004-2, Class 22A,
              3.791%, 05/25/2034 (H) 94,872 92,059
       Series 2004-2, Class 23A,
              3.258%, 05/25/2034 (H) 35,571 32,563
       Series 2004-9, Class 22A1,
              3.893%, 11/25/2034 (H) 29,040 29,181
       Series 2005-12, Class 23A1,
              3.528%, 02/25/2036 (H) 512,386 505,920
Bear Stearns Alt-A Trust
       Series 2005-7, Class 22A1,
              3.651%, 09/25/2035 (H) 606,328 535,636
       Series 2005-9, Class 24A1,
              3.507%, 11/25/2035 (H) 510,128 443,988
Bear Stearns Structured Products, Inc.
       Trust, Series 2007-R6, Class 1A1,
       3.507%, 01/26/2036 (H) 1,129,971 1,001,711
Berica ABS SRL, Series 2011-1,
       Class A1 (3 month EURIBOR +
       0.300%),
       0.019%, 12/31/2055 (C) EUR 220,321 271,013
Business Mortgage Finance 7 PLC,
       Series 7X, Class A1 (3 month GBP
       LIBOR + 2.000%),
       2.547%, 02/15/2041 (C) GBP 638,370 890,170

88



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

Shares or
Principal
      Amount       Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial and
residential (continued)
Canada Mortgage & Housing Corp.
       (Merrill Lynch)
       Series 98001212,
              1.680%, 06/01/2020 CAD 512,520 $ 398,567
       Series 98001247,
              1.880%, 07/01/2020 1,375,296 1,073,251
       Series 98001289,
              1.880%, 08/01/2020 474,472 370,312
Casa d’Este Finance SRL, Series 1,
       Class A2 (3 month EURIBOR +
       0.350%),
       0.023%, 09/15/2040 (C) EUR 178,211 218,526
Chase Mortgage Finance Trust,
       Series 2007-A2, Class 7A1,
       3.142%, 07/25/2037 (H) $ 71,470 65,392
Citigroup Mortgage Loan Trust, Inc.
       Series 2005-6, Class A1R (1 Year
              CMT + 2.100%),
              3.410%, 09/25/2035 (C) 168,393 170,471
       Series 2005-7, Class 1A2,
              3.338%, 09/25/2035 (H) 1,106,029 1,014,358
Countrywide Alternative Loan Trust
       Series 2005-21CB, Class A3,
              5.250%, 06/25/2035 92,088 86,674
       Series 2005-56, Class 2A2 (12 month
              Treasury Average Index + 2.040%),
              2.995%, 11/25/2035 (C) 66,910 63,555
       Series 2005-56, Class 2A3 (12 month
              Treasury Average Index + 1.500%),
              2.455%, 11/25/2035 (C) 80,238 75,157
       Series 2006-OA9, Class 2A1B (1
              month LIBOR + 0.200%),
              1.790%, 07/20/2046 (C) 280,617 205,815
       Series 2007-11T1, Class A12 (1
              month LIBOR + 0.350%),
              2.222%, 05/25/2037 (C) 236,234 136,331
       Series 2007-16CB, Class 5A1,
              6.250%, 08/25/2037 114,985 100,121
       Series 2007-OA11, Class A1B (12
              month Treasury Average Index +
              1.250%),
              2.533%, 11/25/2047 (C) 1,430,705 1,198,881
       Series 2007-OA3, Class 1A1 (1 month
              LIBOR + 0.140%),
              2.012%, 04/25/2047 (C) 2,633,024 2,300,888
Countrywide Home Loan Mortgage Pass
       Through Trust
       Series 2004-12, Class 11A1,
              3.412%, 08/25/2034 (H) 29,245 27,537
       Series 2004-22, Class A3,
              3.491%, 11/25/2034 (H) 121,327 120,788
       Series 2004-HYB5, Class 2A1,
              3.493%, 04/20/2035 (H) 22,616 22,480
       Series 2005-2, Class 2A1 (1 month
              LIBOR + 0.640%),
              2.512%, 03/25/2035 (C) 47,191 46,431
       Series 2004-25, Class 1A1 (1 month
              LIBOR + 0.660%),
              2.532%, 02/25/2035 (C) 25,603 25,077
       Series 2004-25, Class 2A1 (1 month
              LIBOR + 0.680%),
              2.552%, 02/25/2035 (C) 38,192 36,903
Credit Suisse First Boston Mortgage
       Securities Corp.
       Series 2003-8, Class 5A1,
              6.500%, 04/25/2033 12,255 12,461
       Series 2003-AR18, Class 2A3,
              3.088%, 07/25/2033 (H) 5,988 5,985
       Series 2003-AR20, Class 2A1,
              3.381%, 08/25/2033 (H) 27,918 28,035
Eurosail-UK PLC, Series 2007-3X,
       Class A3A (3 month GBP LIBOR +
       0.950%),
       1.554%, 06/13/2045 (C) GBP 1,442,142 2,008,525
First Horizon Mortgage Pass Through
       Trust, Series 2005-AR3, Class 2A1,
       3.261%, 08/25/2035 (H) $ 44,391 37,690
GMACM Mortgage Corp. Loan Trust,
       Series 2004-AR1, Class 22A1,
       4.055%, 06/25/2034 (H) 12,703 12,562
Great Hall Mortgages No. 1 PLC,
       Series 2007-1, Class A2A (3 month
       GBP LIBOR + 0.130%),
       0.744%, 03/18/2039 (C) GBP 885,527 1,228,229
GreenPoint Mortgage Funding Trust,
       Series 2006-OH1, Class A1 (1 month
       LIBOR + 0.180%),
       2.052%, 01/25/2037 (C) $ 184,982 173,054
GreenPoint Mortgage Pass-Through
       Certificates, Series 2003-1, Class A1,
       3.851%, 10/25/2033 (H) 7,068 7,041
GS Mortgage Securities Trust,
       Series 2012-GCJ9, Class XA IO,
       1.968%, 11/10/2045 3,329,905 247,555
GSR Mortgage Loan Trust,
       Series 2003-1, Class A2 (1 Year CMT
       + 1.750%),
       3.630%, 03/25/2033 (C) 39,241 38,889
HarborView Mortgage Loan Trust
       Series 2005-12, Class 1A1A (12
              month Treasury Average Index +
              2.000%),
              3.283%, 10/19/2035 (C) 1,544,351 1,256,456
       Series 2005-4, Class 3A1,
              3.628%, 07/19/2035 (H) 29,663 26,042
IndyMac Index Mortgage Loan Trust,
       Series 2004-AR11, Class 2A,
       3.494%, 12/25/2034 (H) 45,763 44,916
JPMorgan Alternative Loan Trust
       Series 2006-A5, Class 1A4 (1 month
              LIBOR + 0.240%),
              2.112%, 10/25/2036 (C) 3,127,643 2,928,766
       Series 2006-A6, Class 2A1,
              5.500%, 11/25/2036 (H) 3,047 2,459
JPMorgan Mortgage Trust
       Series 2003-A2, Class 3A1,
              3.126%, 11/25/2033 (H) 38,344 38,728
       Series 2006-S2, Class 1A3,
              5.500%, 07/25/2036 233,779 214,328
       Series 2007-A1, Class 5A5,
              3.688%, 07/25/2035 (H) 211,304 217,881
       Series 2007-A1, Class 5A6,
              3.688%, 07/25/2035 (H) 192,095 190,608

89



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

Shares or
Principal
      Amount       Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial and
residential (continued)
Mansard Mortgages PLC,
       Series 2007-2X, Class A1 (3 month
       GBP LIBOR + 0.650%),
       1.256%, 12/15/2049 (C) GBP 3,847,060 $ 5,332,345
MASTR Adjustable Rate Mortgages
       Trust, Series 2007-HF1, Class A1 (1
       month LIBOR + 0.240%),
       1.861%, 05/25/2037 (C) $ 229,362 144,734
Merrill Lynch Mortgage Investors Trust
       Series 2003-A2, Class 1A1,
              3.291%, 02/25/2033 (H) 89,543 86,845
       Series 2005-2, Class 1A (6 month
              LIBOR + 1.250%),
              2.911%, 10/25/2035 (C) 278,908 281,355
       Series 2005-3, Class 4A (1 month
              LIBOR + 0.250%),
              1.871%, 11/25/2035 (C) 117,865 113,856
       Series 2005-A10, Class A (1 month
              LIBOR + 0.210%),
              1.831%, 02/25/2036 (C) 2,152,856 2,064,999
MRFC Mortgage Pass Through Trust,
       Series 200-TBC3, Class A1 (1 month
       LIBOR + 0.440%),
       2.217%, 12/15/2030 (C) 19,755 19,128
NCUA Guaranteed Notes Trust,
       Series 2010-R1, Class 1A (1 month
       LIBOR + 0.450%),
       2.161%, 10/07/2020 (C) 1,118,472 1,122,554
Residential Accredit Loans Trust
       Series 2006-QA2, Class 2A1,
              5.057%, 02/25/2036 (H) 423,429 373,982
       Series 2006-QO6, Class A1 (1 month
              LIBOR + 0.180%),
              1.801%, 06/25/2046 (C) 1,517,566 660,948
       Series 2007-QO2, Class A1 (1 month
              LIBOR + 0.150%),
              1.771%, 02/25/2047 (C) 410,264 265,247
Residential Asset Securitization Trust
       Series 2005-A15, Class 3A1,
              5.750%, 02/25/2036 1,606,673 1,591,231
       Series 2006-R1, Class A2 (1 month
              LIBOR + 0.400%),
              2.021%, 01/25/2046 (C) 380,311 189,343
Residential Funding Mortgage Securities
       Trust, Series 2005-SA4, Class 1A21,
       3.857%, 09/25/2035 (H) 98,015 83,629
Ripon Mortgages PLC, Series 1A,
       Class A1 (3 month GBP LIBOR +
       0.800%),
       1.326%, 08/20/2056 (C)(D) GBP 2,106,808 2,976,500
Sequoia Mortgage Trust
       Series 2003-4, Class 2A1 (1 month
              LIBOR + 0.350%),
              1.944%, 07/20/2033 (C) $ 67,667 65,121
       Series 5, Class A (1 month LIBOR +
              0.700%),
              2.508%, 10/19/2026 (C) 10,320 10,377
Structured Adjustable Rate Mortgage
       Loan Trust
       Series 2004-1, Class 4A1,
              3.680%, 02/25/2034 (H) 69,574 69,462
       Series 2004-12, Class 7A1,
              3.712%, 09/25/2034 (H) 108,457 110,035
       Series 2004-4, Class 3A2,
              3.580%, 04/25/2034 (H) 125,038 126,666
       Series 2005-18, Class 6A1,
              3.671%, 09/25/2035 (H) 166,693 149,185
Structured Asset Mortgage
       Investments, Inc.
       Series 2004-AR3, Class 1A2 (1 month
              LIBOR + 0.580%),
              2.388%, 07/19/2034 (C) 33,899 33,865
       Series 2006-AR5, Class 1A1 (1 month
              LIBOR + 0.210%),
              2.082%, 05/25/2036 (C) 427,714 357,750
Thornburg Mortgage Securities Trust
       Series 2003-5, Class 1A,
              3.047%, 10/25/2043 (H) 347,085 340,293
       Series 2007-2, Class A1 (1 month
              LIBOR + 1.250%),
              2.871%, 06/25/2037 (C) 316,046 291,414
       Series 2007-2, Class A2A (1 month
              LIBOR + 0.130%),
              1.751%, 06/25/2037 (C) 450,015 432,582
       Series 2007-2, Class A3A (12 month
              LIBOR + 1.200%),
              3.650%, 06/25/2037 (C) 566,105 541,190
       Series 2007-3, Class 2A1 (12 month
              LIBOR + 1.250%),
              3.700%, 06/25/2047 (C) 124,095 113,468
       Series 2007-3, Class 3A1 (12 month
              LIBOR + 1.250%),
              3.700%, 06/25/2047 (C) 251,455 226,428
       Series 2007-3, Class 4A1 (12 month
              LIBOR + 1.250%),
              3.700%, 06/25/2047 (C) 174,814 155,989
Uropa Securities PLC
       Series 2008-1, Class A (3 month GBP
              LIBOR + 0.200%),
              0.802%, 06/10/2059 (C) GBP 343,769 467,853
       Series 2008-1, Class B (3 month GBP
              LIBOR + 0.750%),
              1.352%, 06/10/2059 (C) 65,759 87,106
       Series 2008-1, Class M1 (3 month
              GBP LIBOR + 0.350%),
              0.952%, 06/10/2059 (C) 79,077 105,869
       Series 2008-1, Class M2 (3 month
              GBP LIBOR + 0.550%),
              1.152%, 06/10/2059 (C) 62,429 82,671
WaMu Mortgage
       Pass-Through Certificates
       Series 2002-AR17, Class 1A (12
              month Treasury Average Index +
              1.200%),
              2.332%, 11/25/2042 (C) $ 207,181 196,560
       Series 2002-AR2, Class A (COFI +
              1.250%),
              2.027%, 02/27/2034 (C) 28,872 28,496
       Series 2003-AR5, Class A7,
              3.096%, 06/25/2033 (H) 41,047 41,461
       Series 2005-AR2, Class 2A1A (1
              month LIBOR + 0.310%),
              1.931%, 01/25/2045 (C) 30,747 30,547

90



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

Shares or
Principal
      Amount       Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial and
residential (continued)
Washington Mutual Mortgage
       Pass-Through Certificates,
       Series 2006-AR5, Class 3A (12 month
       Treasury Average Index + 0.940%),
       2.223%, 07/25/2046 (C) $ 237,234 $ 172,378
WFRBS Commercial Mortgage Trust,
       Series 2013-C11, Class XA IO,
       1.226%, 03/15/2045 (D) 8,545,580 398,978
42,802,077
U.S. Government Agency – 0.7%
Federal Home Loan Mortgage Corp.
       Series 4579, Class FD (1 month
              LIBOR + 0.350%),
              1.925%, 01/15/2038 (C) 871,908 872,019
       Series 4579, Class SD IO,
              1.443%, 01/15/2038 871,908 45,711
       Series T-62, Class 1A1 (12 month
              Treasury Average Index + 1.200%),
              2.332%, 10/25/2044 (C) 825,053 835,234
Federal National Mortgage Association
       Series 2002-W8, Class F (1 month
              LIBOR + 0.400%),
              2.021%, 09/25/2032 (C) 1,956 1,955
       Series 2004-W2, Class 5AF (1 month
              LIBOR + 0.350%),
              1.971%, 03/25/2044 (C) 25,247 25,221
       Series 2006-48, Class TF (1 month
              LIBOR + 0.400%),
              2.272%, 06/25/2036 (C) 52,982 53,160
       Series 2009-104, Class FA (1 month
              LIBOR + 0.800%),
              2.672%, 12/25/2039 (C) 413,239 419,650
Government National Mortgage
       Association, Series 2004-68,
       Class ZC,
       6.000%, 08/20/2034 1,469,331 1,611,755
3,864,705
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS    
(Cost $46,197,888) $ 46,666,782
 
ASSET BACKED SECURITIES – 9.3%
ACE Securities Corp. Home Equity Loan
       Trust,
       Series 2005-ASP1, Class M1 (1 month
       LIBOR + 0.680%)
       2.552%, 09/25/2035 (C) 1,365,429 1,297,722
Amortizing Residential Collateral Trust,
       Series 2002-BC4, Class A (1 month
       LIBOR + 0.580%)
       2.452%, 07/25/2032 (C) 5,691 5,622
Amresco Residential Securities Corp.
       Mortgage Loan Trust,
       Series 1999-1, Class A (1 month
       LIBOR + 0.940%)
       2.561%, 06/25/2029 (C) 27,650 26,206
Blue Hill CLO, Ltd.,
       Series 2013-1A, Class AR (3 month
       LIBOR + 1.180%)
       2.902%, 01/15/2026 (C)(D) 1,079,040 1,079,400
Bowman Park CLO, Ltd.,
       Series 2014-1A, Class AR (3 month
       LIBOR + 1.180%)
       3.100%, 11/23/2025 (C)(D) 1,400,000 1,400,770
CIFC Funding II, Ltd.,
       Series 2014-2A, Class A1LR (3 month
       LIBOR + 1.200%)
       3.144%, 05/24/2026 (C)(D) 1,400,000 1,400,959
Countrywide Asset-Backed Certificates,
       Series 2006-22, Class 1A (1 month
       LIBOR + 0.140%)
       1.761%, 06/25/2035 (C) 1,449,898 1,287,679
Countrywide Asset-Backed Certificates,
       Series 2007-6, Class 2A3 (1 month
       LIBOR + 0.220%)
       2.092%, 09/25/2037 (C) 1,970,539 1,639,848
Countrywide Asset-Backed Certificates,
       Series 2007-BC2, Class 1A (1 month
       LIBOR + 0.200%)
       2.072%, 06/25/2037 (C) 2,543,076 2,278,971
CVC Cordatus Loan Fund IV, Ltd.,
       Series 4A, Class AR (6 month
       EURIBOR + 0.780%)
       0.780%, 01/24/2028 (C)(D) EUR 1,100,000 1,356,463
CWABS Asset-Backed Certificates Trust,
       Series 2005-4, Class MV5 (1 month
       LIBOR + 0.670%)
       2.542%, 10/25/2035 (C) $ 2,100,000 2,061,164
Home Equity Asset Trust,
       Series 2002-1, Class A4 (1 month
       LIBOR + 0.600%)
       2.472%, 11/25/2032 (C) 1,283 1,236
HSI Asset Securitization Corp. Trust,
       Series 2007-HE2, Class 2A3 (1 month
       LIBOR + 0.260%)
       1.881%, 04/25/2037 (C) 2,103,830 1,260,285
Jamestown CLO IV, Ltd.,
       Series 2014-4A, Class A1AR (3
       month LIBOR + 0.690%)
       2.412%, 07/15/2026 (C)(D) 1,500,000 1,499,984
Jamestown CLO V, Ltd.,
       Series 2014-5A, Class AR (3 month
       LIBOR + 1.220%)
       2.951%, 01/17/2027 (C)(D) 2,900,000 2,900,525
Mastr Asset Backed Securities Trust,
       Series 2006-WMC3, Class A5 (1
       month LIBOR + 0.240%)
       1.861%, 08/25/2036 (C) 5,363,104 2,868,992
Monarch Grove CLO, Ltd,
       Series 2018-1A, Class A1 (3 month
       LIBOR + 0.880%)
       2.443%, 01/25/2028 (C)(D) 1,500,000 1,499,742
Morgan Stanley ABS Capital I, Inc.
       Trust,
       Series 2006-HE4, Class A4 (1 month
       LIBOR + 0.240%)
       2.112%, 06/25/2036 (C) 1,978,584 1,392,591
Morgan Stanley ABS Capital I, Inc.
       Trust,
       Series 2006-HE6, Class A2B (1 month
       LIBOR + 0.100%)
       1.972%, 09/25/2036 (C) 1,201,280 606,725
Morgan Stanley ABS Capital I, Inc.
       Trust,
       Series 2007-NC3, Class A2B (1 month
       LIBOR + 0.140%)
       2.012%, 05/25/2037 (C) 2,359,391 1,804,694

91



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

      Shares or      
Principal
Amount Value
ASSET BACKED SECURITIES (continue)
Nelder Grove CLO, Ltd.,
       Series 2014-A1, Class A1R (3 month
       LIBOR + 1.300%)
       3.284%, 08/28/2026 (C)(D) $ 1,400,000 $ 1,401,021
NewMark Capital Funding CLO, Ltd.,
       Series 2014-2A, Class A1R (3 month
       LIBOR + 1.220%)
       2.555%, 06/30/2026 (C)(D) 1,400,000 1,400,014
NovaStar Mortgage Funding Trust,
       Series 2007-1, Class A1A (1 month
       LIBOR + 0.130%)
       2.002%, 03/25/2037 (C) 2,064,919 1,574,814
Oak Hill Credit Partners X, Ltd.,
       Series 2014-10A, Class AR (3 month
       LIBOR + 1.130%)
       2.875%, 07/20/2026 (C)(D) 2,900,000 2,900,542
Oaktree CLO, Ltd.,
       Series 2014-2A, Class A1AR (3
       month LIBOR + 1.220%)
       2.965%, 10/20/2026 (C)(D) 2,900,000 2,900,699
Octagon Investment Partners XIX, Ltd.,
       Series 2014-1A, Class AR (3 month
       LIBOR + 1.100%)
       2.822%, 04/15/2026 (C)(D) 1,400,000 1,400,220
RAMP Series Trust,
       Series 2002-RS3, Class AII1 (1 month
       LIBOR + 0.560%)
       2.432%, 06/25/2032 (C) 7,838 7,466
RAMP Series Trust,
       Series 2006-NC2, Class M1 (1 month
       LIBOR + 0.360%)
       2.232%, 02/25/2036 (C) 2,400,000 2,102,188
Renaissance Home Equity Loan Trust,
       Series 2002-3, Class M2 (1 month
       LIBOR + 2.550%)
       4.171%, 12/25/2032 (C) 419,899 408,031
Renaissance Home Equity Loan Trust,
       Series 2006-3, Class AF6
       5.731%, 11/25/2036 2,651,790 1,560,879
Securitized Asset Backed
       Receivables LLC Trust,
       Series 2007-NC1, Class A2A (1 month
       LIBOR + 0.050%)
       1.922%, 12/25/2036 (C) 45,601 27,216
Small Business Administration
       Participation Certificates,
       Series 2000-20K, Class 1
       7.220%, 11/01/2020 7,311 7,480
Structured Asset Investment Loan Trust,
       Series 2006-4, Class A2 (1 month
       LIBOR + 0.130%)
       2.002%, 07/25/2036 (C) 1,732,845 1,397,236
Telos CLO, Ltd.,
       Series 2014-6A, Class A1R (3 month
       LIBOR + 1.270%)
       3.001%, 01/17/2027 (C)(D) 2,900,000 2,901,093
Terwin Mortgage Trust,
       Series 2003-6HE, Class A1 (1 month
       LIBOR + 0.940%)
       2.812%, 11/25/2033 (C) 31,249 30,874
TICP CLO III, Ltd.,
       Series 2014-3A, Class AR (3 month
       LIBOR + 1.180%)
       2.925%, 01/20/2027 (C)(D) 1,650,000 1,650,277
WaMu Asset-Backed Certificates,
       Series 2007-HE2, Class 2A4 (1 month
       LIBOR + 0.360%)
       1.981%, 04/25/2037 (C) 6,753,286 3,764,492
TOTAL ASSET BACKED SECURITIES (Cost $51,558,445) $ 53,104,120
 
COMMON STOCKS – 0.0%
United States – 0.0%
Rescap Liquidating Trust (I) 5,054 25,775
TOTAL COMMON STOCKS (Cost $643,052) $ 25,775
 
PREFERRED SECURITIES – 0.1%
United Kingdom – 0.1%
Nationwide Building Society,
       10.250% (C) 1,940 424,604
TOTAL PREFERRED SECURITIES (Cost $410,172) $ 424,604
 
ESCROW SHARES – 0.1%
United States – 0.1%
Lehman Brothers Holdings, Inc.
       5.460%, 12/30/2016 (I) 4,100,000 166,050
       5.625%, 01/24/2013 (I) 4,500,000 182,250
       6.875%, 05/02/2018 (I) 2,100,000 86,520
TOTAL ESCROW SHARES (Cost $0) $ 434,820
 
PURCHASED OPTIONS – 0.0%
Calls – 0.0%
Exchange Traded Option on U.S. Bond
       Futures (Expiration Date: 5-25-18;
       Strike Price: $175.00; Notional
       Amount: 62,000) (I) 62 969
Exchange Traded Option on U.S. Bond
       Futures (Expiration Date: 5-25-18;
       Strike Price: $182.00; Notional
       Amount: 54,000) (I) 54 54
Over the Counter Option on the USD vs.
       BRL (Expiration Date: 3-12-19; Strike
       Price: $3.38; Counterparty: HSBC
       Bank USA) (I)(J) 1,300,000 70,558
Over the Counter Option on the USD vs.
       JPY (Expiration Date: 4-17-20; Strike
       Price: $120.00; Counterparty: Bank of
       America, N.A.) (I)(J) 2,119,000 9,474
Over the Counter Option on the USD vs.
       JPY (Expiration Date: 4-17-20; Strike
       Price: $120.00;
       Counterparty: Deutsche Bank
       AG) (I)(J) 1,705,000 7,623
Over the Counter Option on the USD vs.
       JPY (Expiration Date: 4-20-20; Strike
       Price: $120.00;
       Counterparty: Goldman Sachs
       Bank) (I)(J) 2,587,000 11,598
100,276
Puts – 0.0%
Exchange Traded Option on 10-Year
       U.S. Treasury Futures (Expiration
       Date: 5-25-18; Strike Price: $108.00;
       Notional Amount: 30,000) (I) 30 30
Exchange Traded Option on 10-Year
       U.S. Treasury Futures (Expiration
       Date: 5-25-18; Strike Price: $108.50;
       Notional Amount: 265,000) (I) 265 265

92



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

      Shares or      
Principal
Amount Value
PURCHASED OPTIONS (continued)
Puts (continued)
Exchange Traded Option on 10-Year
       U.S. Treasury Futures (Expiration
       Date: 5-25-18; Strike Price: $110.50;
       Notional Amount: 14,000) (I) 14 $ 14
Exchange Traded Option on 10-Year
       U.S. Treasury Futures (Expiration
       Date: 5-25-18; Strike Price: $111.50;
       Notional Amount: 2,000) (I) 2 2
Exchange Traded Option on 5-Year
       U.S. Treasury Futures (Expiration
       Date: 5-25-18; Strike Price: $105.70;
       Notional Amount: 25,000) (I) 25 25
Exchange Traded Option on 5-Year
       U.S. Treasury Futures (Expiration
       Date: 5-25-18; Strike Price: $106.00;
       Notional Amount: 460,000) (I) 460 460
Exchange Traded Option on 5-Year
       U.S. Treasury Futures (Expiration
       Date: 5-25-18; Strike Price: $106.50;
       Notional Amount: 32,000) (I) 32 32
Exchange Traded Option on 5-Year
       U.S. Treasury Futures (Expiration
       Date: 5-25-18; Strike Price: $107.00;
       Notional Amount: 18,000) (I) 18 141
Exchange Traded Option on 5-Year
       U.S. Treasury Futures (Expiration
       Date: 5-25-18; Strike Price: $107.25;
       Notional Amount: 6,000) (I) 6 47
Exchange Traded Option on 5-Year
       U.S. Treasury Futures (Expiration
       Date: 5-25-18; Strike Price: $107.75;
       Notional Amount: 1,000) (I) 1 8
Exchange Traded Option on Euro BUND
       Futures (Expiration Date: 5-25-18;
       Strike Price: EUR 149.50; Notional
       Amount: 17,600,000) (I) 176 2,352
Exchange Traded Option on U.S. Ultra
       Bond Futures (Expiration
       Date: 5-25-18; Strike Price: $108.00;
       Notional Amount: 101,000) (I) 101 101
Exchange Traded Option on U.S. Ultra
       Bond Futures (Expiration
       Date: 5-25-18; Strike Price: $110.00;
       Notional Amount: 163,000) (I) 163 163
Over the Counter Option on the AUD vs.
       USD (Expiration Date: 2-5-19; Strike
       Price: AUD 0.74; Counterparty: HSBC
       Bank USA) (I)(J) 6,200,000 80,767
Over the Counter Option on the EUR vs.
       USD (Expiration Date: 12-12-18;
       Strike Price: EUR 1.19;
       Counterparty: Deutsche Bank AG) (I)(J) 5,100,000 37,928
Over the Counter Option on the EUR vs.
       USD (Expiration Date: 1-22-19; Strike
       Price: EUR 1.20;
       Counterparty: Deutsche Bank
       AG) (I)(J) 2,700,000 29,711
Over the Counter Option on the EUR vs.
       USD (Expiration Date: 2-5-19; Strike
       Price: EUR 1.22;
       Counterparty: Deutsche Bank
       AG) (I)(J) 4,862,000 76,839
Over the Counter Option on the EUR vs.
       USD (Expiration Date: 2-5-19; Strike
       Price: EUR 1.22; Counterparty: HSBC
       Bank USA) (I)(J) 681,000 10,762
Over the Counter Option on the GBP vs.
       USD (Expiration Date: 5-4-18; Strike
       Price: GBP 1.32;
       Counterparty: Citibank N.A.) (I)(J) 2,650,000 390
Over the Counter Option on the USD vs.
       BRL (Expiration Date: 3-12-19; Strike
       Price: $3.38; Counterparty: HSBC
       Bank USA) (I)(J) 1,300,000 62,127
302,164
TOTAL PURCHASED OPTIONS (Cost $507,844) $ 402,440
 
SHORT-TERM INVESTMENTS – 20.3%
Banker’s acceptance – 1.9%
Bank of Montreal
       1.440%, 04/05/2018 * CAD 800,000 620,769
       1.467%, 04/04/2018 * 500,000 387,996
       1.479%, 04/18/2018 * 400,000 310,217
       1.482%, 04/02/2018 * 1,100,000 853,660
Canadian Imperial Bank of Commerce
       1.466%, 04/16/2018 * 1,600,000 1,240,980
HSBC Bank Canada
       1.491%, 04/04/2018 * 700,000 543,195
National Bank of Canada
       1.440%, 04/05/2018 * 1,400,000 1,086,346
Royal Bank of Canada
       1.419%, 04/05/2018 * 100,000 77,596
       1.465%, 04/18/2018 * 100,000 77,554
       1.477%, 04/06/2018 * 500,000 387,965
       1.479%, 04/16/2018 * 700,000 542,929
The Bank of Nova Scotia
       1.465%, 04/06/2018 * 500,000 387,965
       1.466%, 04/05/2018 * 400,000 310,385
       1.482%, 04/02/2018 * 1,900,000 1,474,504
Toronto Dominion Bank
       1.464%, 04/20/2018 * 500,000 387,740
       1.466%, 04/18/2018 * 300,000 232,663
       1.467%, 04/16/2018 * 500,000 387,806
       1.477%, 04/05/2018 * 1,500,000 1,163,942
       1.479%, 04/04/2018 * 200,000 155,199
       1.480%, 04/03/2018 * 200,000 155,205
10,784,616
U.S. Government – 0.2%
U.S. Treasury Bill
       1.388%, 04/19/2018 (A)* $ 1,054,000 1,053,187
       1.405%, 04/26/2018 (A)* 265,000 264,718
1,317,905
Foreign government – 17.9%
Argentina Treasury Bill
       2.746%, 07/13/2018 * 800,000 793,714
       2.966%, 12/14/2018 * 2,300,000 2,251,963
Italy Buoni Ordinari del Tesoro
       (0.670%), 04/30/2018 * EUR 2,000,000 2,462,825
       (0.464%), 04/30/2018 * 1,100,000 1,356,222
       (0.443%), 04/30/2018 * 8,700,000 10,725,831
       (0.420%), 04/30/2018 * 3,600,000 4,438,462
       (0.403%), 04/30/2018 * 5,000,000 6,164,097
       (0.402%), 04/30/2018 * 5,000,000 6,164,204
       (0.399%), 04/30/2018 * 1,400,000 1,725,895
Japan Treasury Discount Bill
       (0.355%), 04/09/2018 * JPY 500,000,000 4,699,398

93



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

      Shares or      
Principal
Amount Value
SHORT-TERM INVESTMENTS (continued)
Foreign government (continued)
       (0.324%), 04/05/2018 * JPY 90,000,000 $ 845,855
       (0.217%), 05/21/2018 * 220,000,000 2,068,194
       (0.208%), 06/04/2018 * 1,370,000,000 12,880,107
       (0.195%), 06/11/2018 * 2,630,000,000 24,726,458
       (0.160%), 05/21/2018 * 1,130,000,000 10,622,168
       (0.152%), 06/18/2018 * 930,000,000 8,743,068
United Kingdom Treasury Bill
       0.237%, 04/20/2018 * GBP 1,300,000 1,823,673
102,492,134
Repurchase agreement – 0.3%
Repurchase Agreement with State Street
       Corp. dated 3-29-18 at 0.740% to be
       repurchased at $1,609,132 on 4-2-18,
       collateralized by $1,670,000 Federal
       National Mortgage Association,
       1.500% due 6-22-20 (valued at
       $1,643,594, including interest) $ 1,609,000 1,609,000
TOTAL SHORT-TERM INVESTMENTS (Cost $114,691,912) $ 116,203,655
Total Investments (Global Bond Trust)
       (Cost $727,899,560) – 129.8% $ 744,155,064
Other assets and liabilities, net – (29.8%) (170,813,391 )
TOTAL NET ASSETS – 100.0% $ 573,341,673

Currency Abbreviations

AUD         Australian Dollar
CAD Canadian Dollar
DKK Danish Krone
EUR Euro
GBP Pound Sterling
JPY Japanese Yen
NOK Norwegian Krone
NZD New Zealand Dollar
PLN Polish Zloty
SEK Swedish Krona

Security Abbreviations and Legend

CIBOR         Copenhagen Interbank Offered Rate
CMT Constant Maturity Treasury
COFI 11th Federal Home Loan Bank District Cost of Funds Index
EURIBOR Euro Interbank Offered Rate
IO Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
ISDAFIX International Swaps and Derivatives Association Fixed Interest Rate Swap Rate
LIBOR London Interbank Offered Rate
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) All or a portion of this security is segregated at the custodian as collateral for certain derivatives.
(B) Security purchased or sold on a when-issued or delayed delivery basis.
(C) Variable rate obligation. The coupon rate shown represents the rate at period end.
(D) 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. Rule 144A securities amounted to $117,513,789 or 20.5% of the fund’s net assets as of 3-31-18.
(E) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(F) 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.
(G) Term loans are variable rate obligations. The coupon rate shown represents the rate at period end.
(H) Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end.
(I) Non-income producing security.
(J) For this type of option, notional amounts are equivalent to number of contracts.
* 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.

DERIVATIVES

FUTURES

                                    Unrealized
Number of Expiration Notional Notional appreciation
Open contracts contracts Position date basis* value* (depreciation)
10-Year Australian Treasury Bond Futures 19 Long Jun 2018 $1,856,866 $1,891,492 $34,626
10-Year Canada Government Bond Futures 23 Long Jun 2018 2,337,428 2,379,175 41,747
10-Year Japan Government Bond Futures 16 Long Jun 2018 22,660,643 22,671,115 10,472
10-Year U.S. Treasury Note Futures 209 Long Jun 2018 25,113,210 25,318,391 205,181
3-Month Sterling Futures 639 Long Dec 2018 111,100,927 110,854,385 (246,542 )
3-Year Australian Treasury Bond Futures 14 Long Jun 2018 1,193,954 1,195,418 1,464
5-Year U.S. Treasury Note Futures 542 Long Jun 2018 61,769,887 62,037,828 267,941
Euro-Buxl Futures 17 Long Jun 2018 3,362,691 3,459,360 96,669
Eurodollar Futures 487 Long Sep 2018 119,077,637 118,858,438 (219,199 )
Eurodollar Futures 596 Long Mar 2019 145,250,424 145,140,900 (109,524 )
Eurodollar Futures 267 Long Dec 2019 64,871,329 64,891,012 19,683
German Euro BOBL Futures 151 Long Jun 2018 24,318,288 24,385,975 67,687
German Euro BUND Futures 176 Long Jun 2018 34,076,223 34,526,025 449,802
Ultra U.S. Treasury Bond Futures 264 Long Jun 2018 40,834,767 42,363,750 1,528,983
3-Month Sterling Futures 639 Short Dec 2019 (110,820,766 ) (110,563,017 ) 257,749
Euro-BTP Italian Government Bond Futures 161 Short Jun 2018 (26,998,350 ) (27,494,632 ) (496,282 )
Eurodollar Futures 487 Short Sep 2019 (118,718,376 ) (118,432,312 ) 286,064
Eurodollar Futures 596 Short Mar 2020 (144,790,105 ) (144,835,450 ) (45,345 )

94



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)
FUTURES (continued)

Unrealized
Number of Expiration Notional Notional appreciation
Open contracts       contracts       Position       date       basis*       value*       (depreciation)
Eurodollar Futures 267 Short Dec 2020 (64,803,896 ) (64,857,638 ) $(53,742 )
Euro-OAT Futures 136 Short Jun 2018 (25,339,048 ) (25,869,270 ) (530,222 )
U.K. Long Gilt Bond Futures 68 Short Jun 2018 (11,615,997 ) (11,717,525 ) (101,528 )
U.S. Treasury Long Bond Futures 116 Short Jun 2018 (16,542,257 ) (17,008,500 ) (466,243 )
$999,441

* Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

FORWARD FOREIGN CURRENCY CONTRACTS

                              Contractual            
settlement Unrealized Unrealized
Contract to buy Contract to sell Counterparty (OTC) date appreciation depreciation
AUD 1,823,000 USD 1,432,036 Bank of America, N.A. 5/15/2018 — ($31,825 )
AUD 1,512,000 USD 1,175,595 Citibank N.A. 5/15/2018 — (14,256 )
AUD 12,059,000 USD 9,435,589 Goldman Sachs Bank USA 5/15/2018 — (173,299 )
AUD 1,182,000 USD 914,133 Royal Bank of Canada 5/15/2018 — (6,261 )
AUD 794,000 USD 619,955 BNP Paribas SA 8/20/2018 — (9,764 )
AUD 1,950,000 USD 1,549,665 HSBC Bank USA 12/6/2018 — (49,675 )
AUD 1,030,000 USD 818,850 HSBC Bank USA 2/7/2019 — (26,041 )
BRL 15,319,187 USD 4,702,743 BNP Paribas SA 4/3/2018 — (62,604 )
BRL 5,400,000 USD 1,660,517 Citibank N.A. 4/3/2018 — (24,872 )
BRL 1,220,625 USD 367,238 Credit Suisse International 4/3/2018 $2,486 —
BRL 13,772,147 USD 4,154,777 Goldman Sachs Bank USA 4/3/2018 16,768 —
BRL 7,333,179 USD 2,243,660 JPMorgan Chase Bank N.A. 4/3/2018 — (22,461 )
BRL 12,100,000 USD 3,640,412 Morgan Stanley Bank, N.A. 4/3/2018 24,645 —
BRL 6,700,000 USD 2,022,153 Goldman Sachs Bank USA 5/3/2018 2,352 —
BRL 1,158,784 USD 352,000 HSBC Bank USA 5/3/2018 — (1,856 )
CAD 4,607,000 USD 3,580,118 Goldman Sachs Bank USA 4/4/2018 — (4,084 )
CAD 774,000 USD 600,389 HSBC Bank USA 4/4/2018 403 —
CAD 14,076,000 USD 10,929,278 JPMorgan Chase Bank N.A. 4/4/2018 — (3,239 )
CAD 2,433,000 USD 1,886,238 JPMorgan Chase Bank N.A. 5/3/2018 3,370 —
CHF 3,475,000 USD 3,735,864 Credit Suisse International 5/15/2018 — (88,765 )
CNY 37,614,790 USD 5,920,698 Goldman Sachs Bank USA 6/20/2018 55,227 —
CNY 192,041 USD 30,624 HSBC Bank USA 6/20/2018 — (114 )
CNY 52,020,299 USD 8,229,872 Standard Chartered Bank 6/20/2018 34,681 —
COP 6,072,008,900 USD 2,120,448 JPMorgan Chase Bank 7/17/2018 43,823 —
CZK 14,289,000 USD 692,519 Bank of America, N.A. 5/7/2018 783 —
CZK 41,824,375 USD 2,013,800 Standard Chartered Bank London 5/7/2018 15,518 —
DKK 170,000 USD 26,069 BNP Paribas SA 4/3/2018 1,990 —
DKK 121,390,339 USD 20,090,349 Citibank N.A. 4/3/2018 — (54,312 )
DKK 39,720,000 USD 6,543,418 JPMorgan Chase Bank N.A. 4/3/2018 12,552 —
DKK 3,235,000 USD 519,116 UBS AG 4/3/2018 14,836 —
EUR 11,101,000 USD 13,681,135 Bank of America, N.A. 5/15/2018 18,021 —
EUR 52,526,769 USD 64,862,305 Goldman Sachs Bank USA 5/15/2018 — (41,802 )
EUR 3,237,000 USD 4,001,790 Standard Chartered Bank 5/15/2018 — (7,180 )
EUR 765,000 USD 964,053 Deutsche Bank AG London 12/14/2018 — (3,366 )
EUR 1,350,000 USD 1,697,936 Deutsche Bank AG London 1/24/2019 3,477 —
GBP 9,076,000 USD 12,764,582 Citibank N.A. 4/4/2018 — (30,947 )
GBP 4,073,000 USD 5,728,407 Goldman Sachs Bank USA 4/4/2018 — (13,985 )
GBP 200,000 USD 283,600 HSBC Bank USA 4/4/2018 — (3,000 )
GBP 11,660,000 USD 16,599,223 HSBC Bank USA 5/3/2018 — (220,063 )
HUF 132,259,000 USD 516,025 Citibank N.A. 5/7/2018 6,022 —
IDR 11,970,745,600 USD 866,378 HSBC Bank USA 6/20/2018 563 —
IDR 19,709,510,800 USD 1,421,427 Standard Chartered Bank London 6/20/2018 5,967 —
ILS 2,786,000 USD 821,556 Bank of America, N.A. 5/8/2018 — (25,594 )
INR 170,797,722 USD 2,620,903 UBS AG 6/20/2018 — (18,809 )
JPY 9,412,000,000 USD 87,209,451 Goldman Sachs Bank USA 5/15/2018 1,464,177 —
KRW 1,012,086,900 USD 891,000 Goldman Sachs Bank USA 4/24/2018 62,149 —
KRW 111,325,500 USD 99,000 BNP Paribas SA 4/27/2018 5,850 —
KRW 1,129,053,600 USD 1,002,000 JPMorgan Chase Bank 4/27/2018 61,383 —
KRW 1,124,500 USD 1,000 Morgan Stanley Bank, N.A. 4/27/2018 59 —
KRW 335,876,400 USD 316,000 BNP Paribas SA 4/30/2018 364 —
KRW 1,775,889,360 USD 1,666,000 JPMorgan Chase Bank 4/30/2018 6,719 —
KRW 1,395,142,800 USD 1,290,664 HSBC Bank USA 6/20/2018 25,297 —
KRW 7,588,722,157 USD 7,169,317 UBS AG 6/20/2018 — (11,298 )

95



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)
FORWARD FOREIGN CURRENCY CONTRACTS (continued)

                              Contractual            
settlement Unrealized Unrealized
Contract to buy Contract to sell Counterparty (OTC) date appreciation depreciation
MXN 26,897,000 USD 1,438,502 BNP Paribas SA 5/10/2018 $32,578 —
MXN 303,212,718 USD 16,272,818 Citibank N.A. 5/10/2018 310,817 —
MXN 5,120,700 USD 260,000 HSBC Bank USA 3/14/2019 7,372 —
MYR 6,942,651 USD 1,767,027 Goldman Sachs Bank USA 6/20/2018 29,316 —
NOK 36,020,000 USD 4,591,628 Morgan Stanley Bank, N.A. 5/15/2018 9,171 —
NZD 5,689,000 USD 4,147,998 UBS AG 4/4/2018 — ($36,557 )
PEN 887,956 USD 274,484 HSBC Bank USA 5/21/2018 320 —
PLN 582,000 USD 175,036 HSBC Bank USA 4/3/2018 — (5,017 )
PLN 582,000 USD 170,595 Citibank N.A. 7/6/2018 — (257 )
SEK 1,880,000 USD 231,266 Citibank N.A. 5/15/2018 — (5,446 )
SGD 1,475,285 USD 1,122,653 Standard Chartered Bank 6/20/2018 4,556 —
THB 50,420,878 USD 1,590,163 Standard Chartered Bank London 6/20/2018 26,495 —
TRY 13,635,624 USD 3,455,526 Citibank N.A. 5/22/2018 — (49,533 )
TRY 6,791,000 USD 1,749,999 UBS AG 5/22/2018 — (53,700 )
USD 164,889 AUD 208,000 Bank of America, N.A. 5/15/2018 5,128 —
USD 5,979,393 AUD 7,769,000 Citibank N.A. 5/15/2018 12,171 —
USD 2,304,469 BRL 7,659,593 BNP Paribas SA 4/3/2018 — (15,601 )
USD 1,624,646 BRL 5,400,000 Citibank N.A. 4/3/2018 — (10,998 )
USD 375,000 BRL 1,220,625 Credit Suisse International 4/3/2018 5,276 —
USD 4,213,845 BRL 13,772,147 Goldman Sachs Bank USA 4/3/2018 42,300 —
USD 2,206,264 BRL 7,333,179 JPMorgan Chase Bank N.A. 4/3/2018 — (14,936 )
USD 3,805,581 BRL 12,100,000 Morgan Stanley Bank, N.A. 4/3/2018 140,525 —
USD 2,344,642 BRL 7,659,593 BNP Paribas SA 5/3/2018 30,181 —
USD 260,000 BRL 877,500 HSBC Bank USA 3/14/2019 1,648 —
USD 2,325,978 CAD 3,000,000 UBS AG 4/2/2018 — (2,582 )
USD 155,059 CAD 200,000 UBS AG 4/3/2018 — (181 )
USD 386,120 CAD 500,000 Goldman Sachs Bank USA 4/4/2018 — (1,988 )
USD 6,091,125 CAD 7,687,000 HSBC Bank USA 4/4/2018 124,341 —
USD 1,446,492 CAD 1,856,000 JPMorgan Chase Bank N.A. 4/4/2018 5,833 —
USD 3,102,015 CAD 4,033,000 UBS AG 4/4/2018 — (28,470 )
USD 1,757,840 CAD 2,300,000 Citibank N.A. 4/5/2018 — (27,497 )
USD 1,471,491 CAD 1,900,000 Goldman Sachs Bank USA 4/5/2018 — (3,352 )
USD 772,222 CAD 1,000,000 Goldman Sachs Bank USA 4/6/2018 — (4,027 )
USD 995,929 CAD 1,300,000 HSBC Bank USA 4/16/2018 — (13,393 )
USD 1,146,470 CAD 1,500,000 JPMorgan Chase Bank N.A. 4/16/2018 — (18,132 )
USD 76,612 CAD 100,000 Citibank N.A. 4/18/2018 — (1,031 )
USD 535,849 CAD 700,000 HSBC Bank USA 4/18/2018 — (7,653 )
USD 382,687 CAD 500,000 HSBC Bank USA 4/20/2018 — (5,544 )
USD 9,695,297 CAD 12,473,000 JPMorgan Chase Bank N.A. 5/3/2018 8,048 —
USD 704,000 CZK 14,431,697 Royal Bank of Canada 5/7/2018 3,774 —
USD 22,484,437 DKK 141,015,133 Bank of America, N.A. 4/3/2018 — (790,764 )
USD 1,775,784 DKK 12,056,000 BNP Paribas SA 4/3/2018 — (214,114 )
USD 5,267,492 DKK 33,132,000 Citibank N.A. 4/3/2018 — (201,098 )
USD 2,412,762 DKK 16,463,000 Goldman Sachs Bank USA 4/3/2018 — (304,532 )
USD 19,837,108 DKK 119,060,339 Citibank N.A. 7/2/2018 52,696 —
USD 1,306,121 EUR 1,102,216 BNP Paribas SA 4/30/2018 — (52,609 )
USD 2,480,500 EUR 2,000,000 Citibank N.A. 4/30/2018 15,047 —
USD 10,381,775 EUR 8,717,001 Goldman Sachs Bank USA 4/30/2018 — (363,901 )
USD 5,855,978 EUR 5,009,841 Royal Bank of Canada 4/30/2018 — (319,784 )
USD 11,776,454 EUR 10,019,346 UBS AG 4/30/2018 — (574,656 )
USD 5,412,991 EUR 4,391,000 Citibank N.A. 5/15/2018 — (5,709 )
USD 2,519,223 EUR 2,027,000 Goldman Sachs Bank USA 5/15/2018 17,810 —
USD 963,833 EUR 765,000 Standard Chartered Bank 12/14/2018 3,146 —
USD 16,579,156 GBP 11,660,000 HSBC Bank USA 4/4/2018 220,167 —
USD 1,819,405 GBP 1,300,000 Barclays Bank PLC Wholesale 4/20/2018 — (5,730 )
USD 2,636,486 INR 172,736,000 Citibank N.A. 6/20/2018 4,862 —
USD 1,855,777 JPY 197,342,000 HSBC Bank USA 4/4/2018 1,029 —
USD 849,396 JPY 90,000,000 Bank of America, N.A. 4/5/2018 3,465 —
USD 4,731,466 JPY 500,000,000 Citibank N.A. 4/9/2018 30,662 —
USD 812,501 JPY 86,200,000 Bank of America, N.A. 5/15/2018 382 —
USD 769,660 JPY 81,400,000 Goldman Sachs Bank USA 5/15/2018 2,763 —
USD 2,071,957 JPY 220,000,000 Goldman Sachs Bank USA 5/21/2018 — (1,652 )
USD 10,664,603 JPY 1,130,000,000 Morgan Stanley Bank, N.A. 5/21/2018 13,791 —
USD 2,830,349 JPY 300,000,000 BNP Paribas SA 6/4/2018 — (216 )
USD 2,074,493 JPY 220,000,000 Citibank N.A. 6/4/2018 — (1,255 )
USD 2,548,612 JPY 270,000,000 JPMorgan Chase Bank N.A. 6/4/2018 1,104 —

96



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)
FORWARD FOREIGN CURRENCY CONTRACTS (continued)

                              Contractual            
settlement Unrealized Unrealized
Contract to buy Contract to sell Counterparty (OTC) date appreciation depreciation
USD 5,467,585 JPY 580,000,000 UBS AG 6/4/2018 — ($4,841 )
USD 2,184,385 JPY 230,000,000 HSBC Bank USA 6/11/2018 $13,144 —
USD 22,747,629 JPY 2,400,000,000 Morgan Stanley Bank, N.A. 6/11/2018 91,204 —
USD 8,839,598 JPY 930,000,000 UBS AG 6/18/2018 55,616 —
USD 1,414,000 KRW 1,514,040,500 Morgan Stanley Bank, N.A. 4/24/2018 — (11,872 )
USD 891,000 KRW 1,011,106,800 UBS AG 4/24/2018 — (61,226 )
USD 2,923,000 KRW 3,188,210,600 JPMorgan Chase Bank 4/27/2018 — (79,770 )
USD 842,099 MXN 15,907,000 BNP Paribas SA 5/10/2018 — (27,903 )
USD 4,171,446 NZD 5,689,000 JPMorgan Chase Bank N.A. 4/4/2018 60,005 —
USD 4,147,349 NZD 5,689,000 UBS AG 5/3/2018 36,233 —
USD 351,033 PEN 1,146,999 Citibank N.A. 5/21/2018 — (3,939 )
USD 23,703,915 SEK 190,175,000 Goldman Sachs Bank USA 5/29/2018 837,741 —
USD 57,000 TRY 223,469 Goldman Sachs Bank USA 4/16/2018 595 —
USD 86,000 TRY 337,653 Deutsche Bank AG London 4/24/2018 981 —
USD 388,035 TRY 1,557,000 Citibank N.A. 5/22/2018 — (882 )
ZAR 1,572,000 USD 128,832 Standard Chartered Bank 5/8/2018 3,317 —
$4,155,092 ($4,281,820 )

WRITTEN OPTIONS

Options on exchange-traded futures contracts

            Exercise       Expiration       Number of       Notional            
Name of issuer price date contracts amount Premium Value
Calls
Euro BUND Futures EUR 160.00 May 2018 34 3,400,000 $17,338 $(25,938 )
$17,338 $(25,938 )
Puts
Euro BOBL Futures EUR 129.50 May 2018 160 16,000,000 33,687 (3,937 )
Euro BUND Futures EUR 156.50 May 2018 34 3,400,000 12,711 (6,275 )
$46,398 $(10,212 )
$63,736 $(36,150 )

Foreign currency options

                  Exercise       Expiration       Notional            
Description Counterparty (OTC) price date amount* Premium Value
Calls
Australian Dollar versus Canadian Dollar Goldman Sachs Bank USA AUD 1.02 Jun 2018 2,700,000 $ 15,870 $ (6,435 )
Australian Dollar versus Canadian Dollar JPMorgan Chase Bank AUD 1.02 Jun 2018 3,195,000 14,003 (7,615 )
Australian Dollar versus U.S. Dollar Credit Suisse International AUD 0.80 Aug 2018 1,048,000 20,071 (6,385 )
Australian Dollar versus U.S. Dollar Morgan Stanley Bank, N.A. AUD 0.80 Aug 2018 1,266,000 24,427 (7,714 )
Australian Dollar versus U.S. Dollar HSBC Bank USA AUD 0.83 Dec 2018 6,200,000 80,699 (32,410 )
Euro versus U.S. Dollar Deutsche Bank AG EUR 1.33 Jan 2019 2,700,000 37,533 (30,388 )
Euro versus U.S. Dollar Deutsche Bank AG EUR 1.36 Feb 2019 4,862,000 70,593 (41,985 )
Euro versus U.S. Dollar HSBC Bank USA EUR 1.36 Feb 2019 681,000 9,888 (5,881 )
U.S. Dollar versus Mexican Peso HSBC Bank USA USD 19.69 Mar 2019 1,300,000 69,875 (54,405 )
U.S. Dollar versus Turkish Lira Goldman Sachs Bank USA USD 4.00 Apr 2018 271,000 1,485 (1,565 )
U.S. Dollar versus Turkish Lira Deutsche Bank AG USD 3.99 Apr 2018 336,000 2,520 (3,042 )
$ 346,964 $ (197,825 )
Puts
Australian Dollar versus Canadian Dollar Goldman Sachs Bank USA AUD 0.96 Jun 2018 2,700,000 14,920 (9,361 )
Australian Dollar versus Canadian Dollar JPMorgan Chase Bank AUD 0.96 Jun 2018 3,195,000 16,439 (11,077 )
Australian Dollar versus U.S. Dollar Credit Suisse International AUD 0.80 Aug 2018 1,048,000 22,657 (34,880 )
Australian Dollar versus U.S. Dollar Morgan Stanley Bank, N.A. AUD 0.80 Aug 2018 1,266,000 27,009 (42,136 )
British Pound versus U.S. Dollar Citibank NA GBP 1.29 May 2018 4,442,000 45,155 (150 )
Canadian Dollar versus Japanese Yen Goldman Sachs Bank USA CAD 76.70 Jun 2018 2,800,000 36,804 (7,524 )
U.S. Dollar versus Canadian Dollar Deutsche Bank AG USD 1.23 Apr 2018 3,000,000 13,980 (3 )
U.S. Dollar versus Korean Won Goldman Sachs Bank USA USD 1,075.00 Apr 2018 387,000 7,210 (6,345 )
U.S. Dollar versus Korean Won BNP Paribas SA USD 1,075.00 Apr 2018 307,000 6,493 (5,215 )
U.S. Dollar versus Korean Won JPMorgan Chase Bank USD 1,075.00 Apr 2018 13,000 266 (221 )
U.S. Dollar versus Mexican Peso HSBC Bank USA USD 19.69 Mar 2019 1,300,000 69,875 (90,207 )
$ 260,808 $ (207,119 )
$ 607,772 $ (404,944 )

97



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

Foreign currency options (continued)

* For this type of option, notional amounts are equivalent to number of contracts.

Credit default swaptions

      Counterparty             Buy/sell       Exercise       Expiration             Notional            
Description (OTC) Index protection rate date amount* Premium Value
Calls
5-Year Credit Default Swap Barclays Bank PLC Wholesale ITRAXX.O.EU28 Buy 0.475% Apr 2018 EUR 18,500,000 $ 15,393 $ (6,854 )
$ 15,393 $ (6,854 )
Puts
5-Year Credit Default Swap Barclays Bank PLC Wholesale ITRAXX.O.EU28 Sell 0.700% Apr 2018 EUR 18,500,000 21,094 (1,869 )
Credit Suisse Securities
5-Year Credit Default Swap USA LLC CDX.O.IG29 Sell 0.800% May 2018 USD 1,400,000 1,925 (703 )
Merrill Lynch Pierce Fenner &
5-Year Credit Default Swap Smith CDX.O.IG30 Sell 0.850% May 2018 USD 900,000 819 (631 )
5-Year Credit Default Swap BNP Paribas CDX.O.IG30 Sell 0.900% Jun 2018 USD 1,700,000 2,573 (2,191 )
5-Year Credit Default Swap Citibank NA CDX.O.IG30 Sell 0.900% Jun 2018 USD 800,000 940 (1,031 )
5-Year Credit Default Swap Goldman Sachs International CDX.O.IG30 Sell 0.850% Jun 2018 USD 1,000,000 1,600 (1,518 )
5-Year Credit Default Swap JPMorgan Securities LLC CDX.O.IG30 Sell 0.900% Jun 2018 USD 1,400,000 1,766 (1,805 )
Merrill Lynch Pierce Fenner &
5-Year Credit Default Swap Smith CDX.O.IG30 Sell 0.900% Jun 2018 USD 900,000 990 (1,160 )
5-Year Credit Default Swap Barclays Bank PLC London CDX.O.IG30 Sell 0.950% Jul 2018 USD 600,000 1,032 (843 )
5-Year Credit Default Swap Deutsche Bank Securities, Inc. CDX.O.IG30 Sell 0.950% Jul 2018 USD 800,000 1,330 (1,124 )
$ 34,069 $ (12,875 )
$ 49,462 $ (19,729 )

* For this type of option, notional amounts are equivalent to number of contracts.

Inflation floors

            Initial             Expiration             Notional            
Description Counterparty (OTC) index Exercise index date amount* Premium Value
Floor- CPURNSA Index Citibank N.A. 217.965 Maximum of ((1+0.0%)10 - (Final
Index/Index Initial)) or $0 Sep 2020 USD 2,000,000 $25,800 —
$25,800 —

* For this type of option, notional amounts are equivalent to number of contracts.

SWAPS

Interest rate swaps

Unamortized
Fixed Floating upfront Unrealized
Counterparty (OTC)/ Notional Payments Payments payment payment Maturity payment paid appreciation
Centrally cleared       amount       Currency       made       received       frequency       frequency       date       (received)       (depreciation)       Value
BNP-Paribas SA 5,938,500,000 KRW Fixed 2.030% KRW CD KSDA Bloomberg Quarterly Quarterly Jul 2027 — $125,326 $125,326
JPMorgan Chase 6,594,300,000 KRW Fixed 1.993% KRW CD KSDA Bloomberg Quarterly Quarterly Jul 2027 — 166,955 166,955
— $229,665 $229,665
USD Federal Funds H.15
Centrally cleared 70,800,000 USD Fixed 1.724% OIS COMPOUND At Maturity At Maturity Sep 2018 — 27,336 27,336
Centrally cleared 70,800,000 USD USD LIBOR BBA Fixed 1.945% Quarterly Quarterly Sep 2018 — (63,241 ) (63,241 )
Centrally cleared 324,000,000 USD USD LIBOR BBA Fixed 1.750% At Maturity Quarterly Apr 2019 $(266,594 ) (890,669 ) (1,157,263 )
Centrally cleared 64,300,000 CAD CAD BA CDOR Fixed 1.400% Semi-Annual Semi-Annual Sep 2019 (94,487 ) (393,806 ) (488,293 )
Centrally cleared 52,100,000 GBP GBP LIBOR BBA Fixed 1.000% At Maturity Quarterly Sep 2019 11,085 (90,497 ) (79,412 )
Centrally cleared 41,600,000 GBP GBP LIBOR BBA Fixed 1.250% At Maturity Quarterly Dec 2019 60,595 (19,051 ) 41,544
Centrally cleared 84,100,000 NZD NZD BBR FRA Fixed 2.500% Semi-Annual Quarterly Feb 2020 92,422 6,453 98,875
Centrally cleared 14,400,000 USD 1 Month LIBOR + 0.117% 3 Month LIBOR Quarterly Quarterly Mar 2020 — 625 625
Centrally cleared 324,000,000 USD Fixed 2.000% USD LIBOR BBA At Maturity Quarterly Apr 2020 182,341 1,053,136 1,235,477
Centrally cleared 68,000,000 USD Fixed 1.750% USD LIBOR BBA Semi-Annual Quarterly Jun 2020 1,331,110 (171,030 ) 1,160,080
Centrally cleared 52,100,000 GBP Fixed 1.000% GBP LIBOR BBA At Maturity Quarterly Sep 2020 148,027 95,048 243,075
Centrally cleared 21,900,000 EUR EUR EURIBOR Reuters Fixed 0.000% Annual Semi-Annual Sep 2020 840 19,079 19,919
Centrally cleared 11,200,000 GBP GBP LIBOR BBA Fixed 1.250% Semi-Annual Semi-Annual Sep 2020 (861 ) (1,722 ) (2,583 )
Centrally cleared 41,600,000 GBP Fixed 1.500% GBP LIBOR BBA At Maturity Quarterly Dec 2020 (65,323 ) (3,518 ) (68,841 )
Centrally cleared 7,000,000 USD 1 Month LIBOR + 0.084% 3 Month LIBOR Quarterly Quarterly Jun 2022 — 9,398 9,398
Centrally cleared 4,900,000 USD 1 Month LIBOR + 0.070% 3 Month LIBOR Quarterly Quarterly Jun 2022 — 9,322 9,322
Centrally cleared 25,500,000 USD 1 Month LIBOR + 0.085% 3 Month LIBOR Quarterly Quarterly Jun 2022 (1,613 ) 33,772 32,159
Centrally cleared 31,600,000 MXN MXN TIIE Banxico Fixed 5.825% Monthly Monthly Jan 2023 (138,848 ) 25,172 (113,676 )

98



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

Interest rate swaps (continued)

Unamortized
Fixed Floating upfront Unrealized
Counterparty (OTC)/ Notional Payments Payments payment payment Maturity payment paid appreciation
Centrally cleared amount Currency made received frequency frequency date (received)   (depreciation) Value
Centrally cleared       18,600,000       USD       Fixed 2.000%       USD LIBOR BBA       Semi-Annual       Quarterly       Jun 2023       $92,122       $449,464       $541,586
Centrally cleared 165,700,000 ZAR ZAR JIBAR SAFEX Fixed 7.250% Quarterly Quarterly Jun 2023 32,245 14,909 47,154
Centrally cleared 34,000,000 USD Fixed 2.000% USD LIBOR BBA Semi-Annual Quarterly Jun 2023 1,289,142 (136,294 ) 1,152,848
Centrally cleared 21,700,000 EUR EUR EURIBOR Reuters Fixed 0.500% Annual Quarterly Jun 2023 24,732 75,198 99,930
Centrally cleared 7,500,000 GBP Fixed 1.500% GBP LIBOR BBA Semi-Annual Semi-Annual Sep 2023 (1,565 ) (39,472 ) (41,037 )
Centrally cleared 37,800,000 EUR EUR EURIBOR Reuters Fixed 0.500% Annual Semi-Annual Sep 2023 (215,863 ) 217,975 2,112
Centrally cleared 54,200,000 USD Fixed 1.750% USD LIBOR BBA Semi-Annual Quarterly Dec 2023 1,143,176 1,404,572 2,547,748
Centrally cleared 14,000,000 CAD Fixed 1.850% CAD BA CDOR Semi-Annual Semi-Annual Sep 2027 321,092 277,664 598,756
Centrally cleared 1,430,000,000 JPY Fixed 0.300% JPY LIBOR BBA Semi-Annual Semi-Annual Sep 2027 15,611 (49,240 ) (33,629 )
Centrally cleared 21,400,000 USD USD LIBOR BBA Fixed 2.500% Semi-Annual Quarterly Dec 2027 336,221 (755,058 ) (418,837 )
Centrally cleared 80,000,000 JPY Fixed 0.354% JPY LIBOR BBA Semi-Annual Semi-Annual Jan 2028 812 (6,149 ) (5,337 )
Centrally cleared 120,000,000 JPY Fixed 0.351% JPY LIBOR BBA Semi-Annual Semi-Annual Feb 2028 — (7,331 ) (7,331 )
Centrally cleared 220,000,000 JPY Fixed 0.301% JPY LIBOR BBA Semi-Annual Semi-Annual Feb 2028 13,709 (16,692 ) (2,983 )
Centrally cleared 250,000,000 JPY Fixed 0.354% JPY LIBOR BBA Semi-Annual Semi-Annual Feb 2028 253 (15,904 ) (15,651 )
Centrally cleared 650,000,000 JPY Fixed 0.300% JPY LIBOR BBA Semi-Annual Semi-Annual Mar 2028 44,651 (48,054 ) (3,403 )
Centrally cleared 130,000,000 JPY Fixed 0.380% JPY LIBOR BBA Semi-Annual Semi-Annual Jun 2028 2,118 (10,378 ) (8,260 )
Centrally cleared 140,000,000 JPY Fixed 0.399% JPY LIBOR BBA Semi-Annual Semi-Annual Jun 2028 (133 ) (11,256 ) (11,389 )
Centrally cleared 5,800,000 USD USD LIBOR BBA Fixed 2.250% Semi-Annual Quarterly Jun 2028 (379,340 ) 86,441 (292,899 )
Centrally cleared 400,000 EUR EUR EURIBOR Reuters Fixed 1.000% Annual Quarterly Jun 2028 (2,847 ) 2,477 (370 )
Centrally cleared 6,500,000 GBP Fixed 1.500% GBP LIBOR BBA Semi-Annual Semi-Annual Sep 2028 68,466 (33,417 ) 35,049
Centrally cleared 24,050,000 EUR EUR EURIBOR Reuters Fixed 1.250% Annual Semi-Annual Sep 2028 337,497 202,006 539,503
Centrally cleared 650,000,000 JPY Fixed 0.450% JPY LIBOR BBA Semi-Annual Semi-Annual Mar 2029 (16,581 ) (32,863 ) (49,444 )
Centrally cleared 1,740,000,000 JPY JPY LIBOR BBA Fixed 1.500% Semi-Annual Semi-Annual Jun 2033 251,441 2,244,504 2,495,945
Centrally cleared 21,800,000 USD Fixed 2.098% USD LIBOR BBA Semi-Annual Quarterly Jul 2041 172,723 342,522 515,245
Centrally cleared 10,000,000 JPY Fixed 1.500% JPY LIBOR BBA Semi-Annual Semi-Annual Dec 2044 (3,235 ) (13,447 ) (16,682 )
Centrally cleared 560,000,000 JPY Fixed 1.500% JPY LIBOR BBA Semi-Annual Semi-Annual Dec 2045 (1,628,730 ) 682,989 (945,741 )
Centrally cleared 1,600,000 USD Fixed 2.250% USD LIBOR BBA Semi-Annual Quarterly Dec 2046 (143,524 ) 338,381 194,857
Centrally cleared 9,400,000 USD Fixed 2.750% USD LIBOR BBA Semi-Annual Quarterly Dec 2047 (362,963 ) 529,663 166,700
Centrally cleared 500,000 USD Fixed 2.500% USD LIBOR BBA Semi-Annual Quarterly Jun 2048 49,287 (10,050 ) 39,237
Centrally cleared 2,100,000 EUR Fixed 1.500% EUR EURIBOR Reuters Annual Semi-Annual Sep 2048 56,323 (46,719 ) 9,604
Centrally cleared 2,400,000 GBP Fixed 1.750% GBP LIBOR BBA Semi-Annual Semi-Annual Sep 2048 (126,171 ) (70,224 ) (196,395 )
Centrally cleared 1,950,000 GBP Fixed 1.750% GBP LIBOR BBA Semi-Annual Semi-Annual Sep 2048 (95,277 ) (64,294 ) (159,571 )
Centrally cleared 15,400,000 EUR Fixed 1.500% EUR EURIBOR Reuters Annual Semi-Annual Sep 2048 296,256 (225,827 ) 70,429
Centrally cleared 4,300,000 USD Fixed 2.955% USD LIBOR BBA Semi-Annual Quarterly Nov 2049 — (56,548 ) (56,548 )
Centrally cleared 1,200,000 USD Fixed 2.953% USD LIBOR BBA Semi-Annual Quarterly Nov 2049 — (15,172 ) (15,172 )
  $2,830,342 $4,912,799 $7,743,141
  $2,830,342 $5,142,464 $7,972,806

Credit default swaps - Buyer

Unamortized
upfront
USD Pay Fixed payment Unrealized
Counterparty (OTC)/ Reference Notional notional fixed payment Maturity paid appreciation
Centrally cleared       obligation       amount       Currency       amount       rate       frequency       date       (received)       (depreciation)       Value
Starwood Hotels &
Bank of America N.A. Resorts Worldwide, Inc. 3,000,000 USD $3,000,000 1.490% Quarterly Jun 2018 — $(11,081 ) $(11,081 )
Bank of America N.A. Government of Japan 300,000 USD 300,000 1.000% Quarterly Jun 2022 $(8,863 ) (1,302 ) (10,165 )
Barclays Capital Government of Japan 1,500,000 USD 1,500,000 1.000% Quarterly Jun 2022 (44,712 ) (6,111 ) (50,823 )
Credit Suisse
BNP Paribas Group, Ltd. 2,700,000 EUR 2,933,686 1.000% Quarterly Jun 2022 36,561 (74,252 ) (37,691 )
BNP Paribas Commerzbank AG 1,200,000 EUR 1,307,340 1.000% Quarterly Jun 2022 52,879 (33,003 ) 19,876
BNP Paribas Government of Japan 2,300,000 USD 2,300,000 1.000% Quarterly Jun 2022 (69,103 ) (8,826 ) (77,929 )
Citibank N.A Government of Japan 600,000 USD 600,000 1.000% Quarterly Jun 2022 (17,800 ) (2,529 ) (20,329 )
Goldman Sachs
       International Government of Japan 1,500,000 USD 1,500,000 1.000% Quarterly Jun 2022 (44,778 ) (6,045 ) (50,823 )
HSBC Government of Japan 1,900,000 USD 1,900,000 1.000% Quarterly Jun 2022 (56,018 ) (8,358 ) (64,376 )
  $15,341,026 $(151,834 )         $(151,507 )     $(303,341 )
Centrally cleared Ally Financial, Inc. 1,300,000 USD 1,300,000 5.000% Quarterly Jun 2018 (10,456 ) (6,120 ) (16,576 )
Centrally cleared Pfizer Inc. 1,000,000 USD 1,000,000 1.000% Quarterly Dec 2020 (19,376 ) (2,607 ) (21,983 )
Centrally cleared Altria Group, Inc. 1,500,000 USD 1,500,000 1.000% Quarterly Dec 2020 (28,929 ) (4,746 ) (33,675 )
UnitedHealth
Centrally cleared Group, Inc. 1,100,000 USD 1,100,000 1.000% Quarterly Dec 2020 (20,205 ) (3,495 ) (23,700 )
Centrally cleared Reynolds American, Inc. 1,600,000 USD 1,600,000 1.000% Quarterly Dec 2020 (31,686 ) (3,254 ) (34,940 )

99



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

Credit default swaps - Buyer (continued)

Unamortized
upfront
USD Pay Fixed payment Unrealized
Counterparty (OTC)/ Reference Notional notional fixed payment Maturity paid appreciation
Centrally cleared       obligation       amount       Currency       amount       rate       frequency       date       (received)       (depreciation)       Value
Centrally cleared Koninklijke DSM NV 1,000,000 EUR $1,072,765 1.000% Quarterly Dec 2020 $(20,715 ) $(8,575 ) $(29,290 )
Centrally cleared Bayer AG 500,000 EUR 534,100 1.000% Quarterly Dec 2020 (7,316 ) (6,858 ) (14,174 )
Centrally cleared United Utilities PLC 200,000 EUR 216,950 1.000% Quarterly Dec 2020 (2,412 ) (2,048 ) (4,460 )
Centrally cleared Fortum OYJ 200,000 EUR 212,510 1.000% Quarterly Dec 2020 (2,336 ) (2,955 ) (5,291 )
Centrally cleared Telia Company AB 300,000 EUR 318,225 1.000% Quarterly Dec 2020 (4,766 ) (3,581 ) (8,347 )
Centrally cleared BASF SE 400,000 EUR 425,960 1.000% Quarterly Dec 2020 (7,520 ) (4,403 ) (11,923 )
iTraxx Europe Series 28  
Centrally cleared Version 1 16,000,000 EUR 19,739,196 1.000% Quarterly Dec 2022 (417,610 ) (40,809 ) (458,419 )
Centrally cleared CDX.NA.IG.29 20,000,000 USD 20,000,000 1.000% Quarterly Dec 2022 (388,594 ) 10,074 (378,520 )
$49,019,706 $(961,921 ) $(79,377 ) $(1,041,298 )
$64,360,732 $(1,113,755 ) $(230,884 ) $(1,344,639 )

Credit default swaps - Seller

Unamortized
Implied USD Fixed upfront Unrealized
Counterparty (OTC)/ Reference credit Notional notional Received payment Maturity payment paid appreciation
Centrally cleared       obligation       spread       amount       Currency       amount       fixed rate       frequency       date       (received)       (depreciation)       Value
Citibank N.A Shire PLC 1.141% 200,000 EUR $212,750 1.000% Quarterly Dec 2021 $(5,478 ) $4,283 $(1,195 )
Credit Suisse Exelon Generation Company LLC 0.681% 1,500,000 USD 1,500,000 1.000% Quarterly Jun 2022 (33,323 ) 52,896 19,573
JPMorgan Chase Bank N.A A.P. Moller - Maersk A/S 0.852% 1,300,000 EUR 1,534,064 1.000% Quarterly Jun 2022 (6,265 ) 16,765 10,500
$3,246,814 $(45,066 ) $73,944 $28,878
Centrally cleared Daimler AG 0.298% 200,000 EUR 245,260 1.000% Quarterly Dec 2020 3,230 1,626 4,856
Centrally cleared CDX.EM.29 1.370% 1,100,000 USD 1,100,000 1.000% Quarterly Jun 2023 (20,660 ) 1,709 (18,951 )
Centrally cleared Telecom Italia SpA 1.719% 400,000 EUR 448,600 1.000% Quarterly Jun 2024 (26,588 ) 5,836 (20,752 )
Centrally cleared Royal Dutch Shell PLC 0.679% 700,000 EUR 738,745 1.000% Quarterly Dec 2026 (17,686 ) 41,249 23,563
$2,532,605 $(61,704 ) $50,420 $(11,284 )
$5,779,419 $(106,770 ) $124,364 $17,594

Currency swaps

Notional Notional Unamortized
amount of amount of upfront Unrealized
Payment Maturity currency currency payment appreciation
Counterparty (OTC)       Receive       Pay       frequency       date             received       delivered       paid       (depreciation)       Value
BNP Paribas Floating rate equal to 3 Floating rate equal to 3
Month AUD BBSW plus Month USD LIBOR based
0.362% based on the on the notional amount of
notional amount of the the currency delivered
currency received Quarterly Sep 2027 AUD 3,100,000 2,457,370 $11,160 $(90,272 ) $(79,112 )
BNP Paribas Floating rate equal to 3 Floating rate equal to 3
Month AUD BBSW plus Month USD LIBOR based
0.368% based on the on the notional amount of
notional amount of the the currency delivered
currency received Quarterly Oct 2027 AUD 1,900,000 1,496,630 (4,750 ) (33,931 ) (38,681 )
Deutsche Bank AG Floating rate equal to 3 Floating rate equal to 3
Month GBP LIBOR less Month USD LIBOR based
0.055% based on the on the notional amount of
notional amount of the the currency delivered
currency received Quarterly Oct 2026 GBP 800,000 976,000 3,639 134,217 137,856
Morgan Stanley Captial Services Floating rate equal to 3 Floating rate equal to 3
Month AUD BBSW plus Month USD LIBOR based
0.368% based on the on the notional amount of
notional amount of the the currency delivered
currency received Quarterly Oct 2027 AUD 674,000 527,135 2,157 (12,106 ) (9,949 )
Royal Bank of Scotland Floating rate equal to 3 Floating rate equal to 3
Month GBP LIBOR less Month USD LIBOR based
0.055% based on the on the notional amount of
notional amount of the the currency delivered
currency received Quarterly Oct 2026 GBP 1,500,000 1,830,300 44,025 214,155 258,180
$56,231 $212,063 $268,294

100



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

Volatility swaps

Unamortized
upfront
Volatility payment Unrealized
Reference Notional USD notional Pay/receive Payment Maturity strike paid appreciation
Counterparty (OTC)    entity    Currency    amount    amount    variance    frequency    date    rate    (received)    (depreciation)    Value
Deutsche Bank AG USD versus CHF CHF 4,000 $4,033 Pay At Maturity Jun 2019 9.000% — $(4,822 ) $(4,822 )
Deutsche Bank AG EUR versus CHF CHF 4,000 4,033 Receive At Maturity Jun 2019 6.800% — 4,733 4,733
Deutsche Bank AG EUR versus CHF CHF 6,000 6,088 Receive At Maturity Jun 2019 6.750% — 6,676 6,676
Deutsche Bank AG USD versus CHF CHF 6,000 6,088 Pay At Maturity Jun 2019 9.000% — (7,162 ) (7,162 )
$20,242 — $  (575 ) $  (575 )

Derivatives Currency Abbreviations

AUD         Australian Dollar
BRL Brazilian Real
CAD Canadian Dollar
CHF Swiss Franc
CNY Chinese Yuan Renminbi
COP Colombian Peso
CZK Czech Republic Koruna
DKK Danish Krone
EUR Euro
GBP Pound Sterling
HUF Hungarian Forint
IDR Indonesian Rupiah
ILS Israeli New Shekel
INR Indian Rupee
JPY Japanese Yen
KRW Korean Won
MXN Mexican Peso
MYR Malaysian Ringgit
NOK Norwegian Krone
NZD New Zealand Dollar
PEN Peruvian Nuevo Sol
PLN Polish Zloty
SEK Swedish Krona
SGD Singapore Dollar
THB Thai Bhat
TRY Turkish Lira
USD U.S. Dollar
ZAR South African Rand

Derivatives Abbreviations

BBA         The British Banker’s Association
BBR Bank Bill Rate
BBSW Bank Bill Swap Rate
CDOR Canadian Dollar Offered Rate
EURIBOR Euro Interbank Offered Rate
JIBAR Johannesburg Interbank Agreed Rate
KSDA Korea Securities Dealers Association
LIBOR London Interbank Offered Rate
TIIE Tasa de Interes Interbancario de Equilibrio (Interbank Equilibrium Interest Rate)

OTC is an abbreviation for over-the-counter. See Notes to Portfolio of Investments regarding investment transactions and other derivatives information.

Global Trust

Shares or
Principal
Amount       Value
COMMON STOCKS - 95.6%
Canada – 2.6%
Barrick Gold Corp. 143,660 $ 1,788,567
Husky Energy, Inc. 120,630 1,726,563
Wheaton Precious Metals Corp. 115,029 2,343,704
5,858,834

101



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Global Trust (continued)

Shares or
Principal
Amount Value
COMMON STOCKS (continued)      
China – 3.7%
Baidu, Inc., ADR (A) 16,160 $ 3,606,750
China Life Insurance Company, Ltd.,
       H Shares 979,710 2,739,064
China Telecom Corp., Ltd., ADR (B) 42,120 1,873,498
China Telecom Corp., Ltd., H Shares 356,900 158,297
8,377,609
Denmark – 0.5%
Vestas Wind Systems A/S (B) 17,050 1,219,961
France – 6.2%
AXA SA 117,855 3,132,944
BNP Paribas SA 43,238 3,206,564
Cie de Saint-Gobain 22,010 1,162,240
Credit Agricole SA 104,968 1,711,506
Sanofi 24,574 1,971,822
Veolia Environnement SA 122,490 2,910,045
14,095,121
Germany – 3.1%
Innogy SE (C) 49,540 2,348,163
Merck KGaA 20,692 1,985,357
Siemens AG 21,949 2,800,636
7,134,156
Hong Kong – 2.0%
China Mobile, Ltd. 104,750 960,075
CK Hutchison Holdings, Ltd. 193,080 2,319,908
Kunlun Energy Company, Ltd. 1,209,830 1,050,700
Value Partners Group, Ltd. (B) 342,600 322,810
4,653,493
India – 0.8%
Hero MotoCorp, Ltd. 32,200 1,753,442
Ireland – 2.1%
Bank of Ireland Group PLC (A) 74,700 654,589
Medtronic PLC 18,300 1,468,026
Perrigo Company PLC 32,350 2,696,049
4,818,664
Israel – 1.8%
Teva Pharmaceutical Industries, Ltd.,
       ADR (B) 237,610 4,060,755
Italy – 1.7%
Eni SpA 224,262 3,950,438
Japan – 5.8%
Mitsui Fudosan Company, Ltd. 45,000 1,086,356
Nissan Motor Company, Ltd. (B) 169,300 1,747,539
Panasonic Corp. 228,570 3,282,378
Ryohin Keikaku Company, Ltd. 3,180 1,062,409
Seven & i Holdings Company, Ltd. 29,400 1,259,271
SoftBank Group Corp. 26,210 1,955,037
Sumitomo Metal Mining Company, Ltd. 13,790 570,377
Suntory Beverage & Food, Ltd. 40,300 1,961,825
Taiheiyo Cement Corp. 9,900 355,602
13,280,794
Luxembourg – 1.6%
SES SA (B) 272,710 3,691,399
Netherlands – 5.9%
Aegon NV 484,876 3,271,374
Akzo Nobel NV 29,982 2,832,790
ING Groep NV 65,216 1,100,535
QIAGEN NV (A) 34,421 1,112,775
Royal Dutch Shell PLC, B Shares 159,355 5,127,783
13,445,257
Portugal – 0.8%
Galp Energia SGPS SA 94,926 1,790,183
Russia – 0.5%
MMC Norilsk Nickel PJSC, ADR 60,659 1,134,323
Singapore – 1.8%
Singapore Telecommunications, Ltd. 1,546,550 3,994,275
South Korea – 4.3%
Hyundai Motor Company 10,540 1,422,968
KB Financial Group, Inc., ADR 58,548 3,392,271
Samsung Electronics Company, Ltd. 2,180 5,093,518
9,908,757
Spain – 0.7%
Telefonica SA 167,644 1,660,827
Sweden – 1.8%
Arjo AB, B Shares (A) 138,964 406,149
Getinge AB, B Shares 138,964 1,582,469
Telefonaktiebolaget LM Ericsson, B
       Shares (B) 325,867 2,075,108
4,063,726
Switzerland – 2.7%
Roche Holding AG 12,842 2,945,918
UBS Group AG (A) 183,290 3,229,373
6,175,291
Taiwan – 0.4%
Catcher Technology Company, Ltd. 78,520 986,989
Thailand – 1.3%
Bangkok Bank PCL 311,130 2,138,256
Bangkok Bank PCL, NVDR 126,340 802,655
2,940,911
United Kingdom – 10.4%
BAE Systems PLC 457,904 3,746,422
Barclays PLC 460,090 1,344,429
BP PLC 552,738 3,728,266
HSBC Holdings PLC 359,799 3,400,983
Kingfisher PLC 867,666 3,559,419
Man Group PLC 393,365 948,550
Standard Chartered PLC 414,528 4,154,540
Vodafone Group PLC 998,831 2,732,826
23,615,435
United States – 33.1%
Advance Auto Parts, Inc. 27,350 3,242,341
Allergan PLC 25,608 4,309,570
Ally Financial, Inc. 26,390 716,489
Alphabet, Inc., Class A (A) 2,680 2,779,535
American International Group, Inc. 38,030 2,069,593
AmerisourceBergen Corp. 28,690 2,473,365
Amgen, Inc. 6,158 1,049,816
Apache Corp. 57,340 2,206,443
Apple, Inc. 19,210 3,223,054
Capital One Financial Corp. 31,060 2,976,169
Cardinal Health, Inc. 35,190 2,205,709
Celgene Corp. (A) 10,090 900,129
Cisco Systems, Inc. 13,190 565,719
Citigroup, Inc. 71,170 4,803,975
Comcast Corp., Class A 76,850 2,625,965
CommScope Holding Company, Inc. (A) 31,780 1,270,247
ConocoPhillips 59,440 3,524,198
Coty, Inc., Class A 162,906 2,981,180
DXC Technology Company 11,231 1,129,052
Eli Lilly & Company 30,870 2,388,412
Gilead Sciences, Inc. 46,960 3,540,314
Helmerich & Payne, Inc. (B) 26,650 1,773,824
JPMorgan Chase & Co. 22,070 2,427,038
Mattel, Inc. (B) 114,050 1,499,758
Microsoft Corp. 25,100 2,290,877

102



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Global Trust (continued)

Shares or
Principal
Amount       Value
COMMON STOCKS (continued)
United States (continued)
Navistar International Corp. (A) 74,730 $ 2,613,308
NetScout Systems, Inc. (A) 1,000 26,350
Oracle Corp. 91,860 4,202,595
Twenty-First Century Fox, Inc., Class A 99,660 3,656,525
United Parcel Service, Inc., Class B 21,540 2,254,376
Voya Financial, Inc. 26,846 1,355,723
Walgreens Boots Alliance, Inc. 35,990 2,356,265
  75,437,914
TOTAL COMMON STOCKS (Cost $200,155,579)   $ 218,048,554
   
CORPORATE BONDS – 0.5%
United States – 0.5%
Chesapeake Energy Corp.
       8.000%, 12/15/2022 (B)(C) $ 1,007,000 1,062,385
TOTAL CORPORATE BONDS (Cost $987,853)   $ 1,062,385
   
SECURITIES LENDING COLLATERAL – 5.9%    
John Hancock Collateral Trust,
       1.8276% (D)(E) 1,336,639 13,368,797
TOTAL SECURITIES LENDING COLLATERAL (Cost    
$13,370,758) $ 13,368,797
  
SHORT-TERM INVESTMENTS - 2.5%  
U.S. Government Agency – 2.5%
Federal Home Loan Bank Discount Note  
       1.400%, 04/02/2018 * $ 5,800,000 5,800,000
TOTAL SHORT-TERM INVESTMENTS (Cost $5,799,774)     $ 5,800,000
Total Investments (Global Trust)
       (Cost $220,313,964) – 104.5% $ 238,279,736
Other assets and liabilities, net – (4.5%)   (10,211,079 )
TOTAL NET ASSETS – 100.0% $ 228,068,657

Security Abbreviations and Legend

ADR American Depositary Receipt
NVDR         Non-Voting Depositary Receipt
(A) Non-income producing security.
(B) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $13,085,311.
(C) 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.
(D) The rate shown is the annualized seven-day yield as of 3-31-18.
(E) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.
* 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.

Health Sciences Trust

Shares or
Principal
Amount Value
COMMON STOCKS – 98.9%      
Consumer discretionary – 0.1%
Specialty retail – 0.1%
Jand, Inc., Class A (A)(B)(C) 14,867 $ 233,665
Consumer staples – 0.5%
Food and staples retailing – 0.5%
CVS Health Corp. 25,600 1,592,576
Health care – 98.3%
Biotechnology – 39.1%
AbbVie, Inc. 40,178 3,802,848
Abcam PLC 21,710 377,049
Abeona Therapeutics, Inc. (C) 14,750 211,663
Acceleron Pharma, Inc. (C) 24,700 965,770
Acerta Pharma BV, Class B (A)(C) 4,276,305 360,920
Achaogen, Inc. (C) 18,588 240,715
Achillion Pharmaceuticals, Inc. (C) 92,514 343,227
Aevi Genomic Medicine, Inc. (C) 22,768 45,764
Agios Pharmaceuticals, Inc. (C) 23,136 1,892,062
Aimmune Therapeutics, Inc. (C) 29,735 946,465
Alder Biopharmaceuticals, Inc. (C) 21,000 266,700
Alexion Pharmaceuticals, Inc. (C) 45,254 5,044,011
Alkermes PLC (C) 17,972 1,041,657
Alnylam Pharmaceuticals, Inc. (C) 42,785 5,095,694
Amarin Corp. PLC, ADR (C) 39,744 119,629
Amgen, Inc. 18,000 3,068,640
Amicus Therapeutics, Inc. (C) 45,717 687,584
AnaptysBio, Inc. (C) 4,000 416,320
Aquinox Pharmaceuticals, Inc. (C) 35,500 499,840
Arcus Biosciences, Inc. (C) 13,034 201,245
Argenx SE, ADR (C) 13,365 1,075,081
ARMO BioSciences, Inc. (C) 5,492 205,456
Array BioPharma, Inc. (C) 54,654 891,953
Ascendis Pharma A/S, ADR (C) 17,291 1,130,831
Atara Biotherapeutics, Inc. (C) 18,812 733,668
Audentes Therapeutics, Inc. (C) 22,725 682,886
Avexis, Inc. (C) 4,565 564,143
BeiGene, Ltd., ADR (C) 12,182 2,046,576
Biogen, Inc. (C) 18,656 5,108,386
BioMarin Pharmaceutical, Inc. (C) 30,413 2,465,582
Bluebird Bio, Inc. (C) 21,569 3,682,907
Blueprint Medicines Corp. (C) 22,460 2,059,582
Cara Therapeutics, Inc. (C) 9,300 115,134
Catalyst Biosciences, Inc. (C) 1,800 46,440
Celgene Corp. (C) 14,332 1,278,558
ChemoCentryx, Inc. (C) 9,200 125,120
Coherus Biosciences, Inc. (C) 7,884 87,118
Corvus Pharmaceuticals, Inc. (C) 14,503 167,220
CytomX Therapeutics, Inc. (C) 12,100 344,245
Denali Therapeutics, Inc. (C) 7,200 141,768
Dyax Corp. (B)(C) 62,700 197,505
Editas Medicine, Inc. (C) 9,534 316,052
Enanta Pharmaceuticals, Inc. (C) 5,949 481,334
Erytech Pharma SA (C) 2,568 53,820
Exelixis, Inc. (C) 73,095 1,619,054
Fate Therapeutics, Inc. (C) 20,600 201,056
FibroGen, Inc. (C) 17,547 810,671
Five Prime Therapeutics, Inc. (C) 8,946 153,692
G1 Therapeutics, Inc. (C) 11,701 433,522
Gilead Sciences, Inc. 58,567 4,415,366
Global Blood Therapeutics, Inc. (C) 14,537 702,137
GlycoMimetics, Inc. (C) 20,354 330,345
Homology Medicines, Inc. (C) 10,030 187,561
ImmunoGen, Inc. (C) 25,500 268,260
Immunomedics, Inc. (C) 78,000 1,139,580
Incyte Corp. (C) 56,400 4,699,812
Insmed, Inc. (C) 93,911 2,114,876
Ionis Pharmaceuticals, Inc. (C) 10,570 465,926
Iovance Biotherapeutics, Inc. (C) 34,700 586,430
Ironwood Pharmaceuticals, Inc. (C) 80,870 1,247,824
Loxo Oncology, Inc. (C) 14,940 1,723,628
MacroGenics, Inc. (C) 16,111 405,353
Madrigal Pharmaceuticals, Inc. (C) 3,700 432,123
Merus NV (C) 6,900 127,857

103



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Health Sciences Trust (continued)

Shares or
Principal
Amount       Value
COMMON STOCKS (continued)
Biotechnology (continued)
Minerva Neurosciences, Inc. (C) 23,376 $ 146,100
Mirati Therapeutics, Inc. (C) 3,700 113,590
Myovant Sciences, Ltd. (C) 9,812 208,701
Neurocrine Biosciences, Inc. (C) 59,172 4,907,134
NewLink Genetics Corp. (C) 9,000 65,250
Ovid Therapeutics, Inc. (C) 6,393 45,199
Proteostasis Therapeutics, Inc. (C) 9,700 46,075
Prothena Corp. PLC (C) 32,698 1,200,344
Radius Health, Inc. (C) 26,415 949,355
Regeneron Pharmaceuticals, Inc. (C) 9,700 3,340,292
REGENXBIO, Inc. (C) 5,100 152,235
Rhythm Pharmaceuticals, Inc. (C) 2,821 56,138
Rocket Pharmaceuticals, Inc. (C) 9,062 169,913
Sage Therapeutics, Inc. (C) 44,393 7,150,381
Sarepta Therapeutics, Inc. (C) 32,400 2,400,516
Seattle Genetics, Inc. (C) 29,040 1,519,954
Shire PLC, ADR 21,580 3,223,836
Spark Therapeutics, Inc. (C) 28,983 1,929,978
TESARO, Inc. (C) 13,700 782,818
Tocagen, Inc. (C) 8,235 97,585
Ultragenyx Pharmaceutical, Inc. (C) 20,304 1,035,301
Vertex Pharmaceuticals, Inc. (C) 61,272 9,986,111
Vital Therapies, Inc. (C) 11,100 75,480
Xencor, Inc. (C) 38,797 1,163,134
Zai Lab, Ltd., ADR (C) 7,725 164,929
Zeneca, Inc. (B)(C) 13,151 8,088
112,632,678
Health care equipment and supplies – 20.4%
Align Technology, Inc. (C) 7,901 1,984,178
AtriCure, Inc. (C) 10,005 205,303
Becton, Dickinson and Company 60,187 13,042,523
Danaher Corp. 49,900 4,885,709
DexCom, Inc. (C) 16,939 1,256,196
GenMark Diagnostics, Inc. (C) 81,734 444,633
Glaukos Corp. (C) 12,675 390,770
Hologic, Inc. (C) 99,600 3,721,056
Insulet Corp. (C) 4,100 355,388
Intuitive Surgical, Inc. (C) 30,304 12,510,400
K2M Group Holdings, Inc. (C) 34,579 655,272
Lantheus Holdings, Inc. (C) 48,924 777,892
Medtronic PLC 19,474 1,562,197
Penumbra, Inc. (C) 5,129 593,169
Quidel Corp. (C) 19,729 1,022,159
Stryker Corp. 44,656 7,186,044
Teleflex, Inc. 9,400 2,396,812
The Cooper Companies, Inc. 11,635 2,662,204
West Pharmaceutical Services, Inc. 21,883 1,932,050
Wright Medical Group NV (C) 57,120 1,133,261
58,717,216
Health care providers and services – 19.2%
Acadia Healthcare Company, Inc. (C) 24,816 972,291
Aetna, Inc. 12,793 2,162,017
Anthem, Inc. 32,000 7,030,400
Centene Corp. (C) 46,806 5,002,157
Cigna Corp. 35,060 5,880,964
DaVita, Inc. (C) 13,226 872,122
Envision Healthcare Corp. (C) 9,209 353,902
Express Scripts Holding Company (C) 7,000 483,560
HCA Healthcare, Inc. 41,807 4,055,279
Humana, Inc. 16,146 4,340,529
McKesson Corp. 11,336 1,596,902
Molina Healthcare, Inc. (C) 13,809 1,121,015
UnitedHealth Group, Inc. 89,900 19,238,600
Universal Health Services, Inc., Class B 9,453 1,119,330
WellCare Health Plans, Inc. (C) 6,300 1,219,869
55,448,937
Health care technology – 1.0%
athenahealth, Inc. (C) 14,416 2,061,920
HTG Molecular Diagnostics, Inc. (C) 40,059 145,014
Teladoc, Inc. (C) 18,500 745,550
2,952,484
Life sciences tools and services – 5.9%
Agilent Technologies, Inc. 95,300 6,375,570
Bruker Corp. 36,502 1,092,140
Illumina, Inc. (C) 6,726 1,590,161
Mettler-Toledo International, Inc. (C) 2,254 1,296,118
Quanterix Corp. (C) 17,400 296,496
Thermo Fisher Scientific, Inc. 31,000 6,400,260
17,050,745
Pharmaceuticals – 12.7%
Allergan PLC 21,625 3,639,271
Assembly Biosciences, Inc. (C) 3,600 176,904
Astellas Pharma, Inc. 77,600 1,186,968
AstraZeneca PLC, ADR 98,600 3,448,042
Bayer AG 9,550 1,076,607
Bristol-Myers Squibb Company 58,544 3,702,908
Chugai Pharmaceutical Company, Ltd. 28,200 1,431,667
Cymabay Therapeutics, Inc. (C) 13,900 180,561
Daiichi Sankyo Company, Ltd. 15,300 513,251
Eisai Company, Ltd. 21,300 1,371,433
Eli Lilly & Company 23,254 1,799,162
Endocyte, Inc. (C) 61,862 562,326
GW Pharmaceuticals PLC, ADR (C) 7,899 889,980
Intra-Cellular Therapies, Inc. (C) 22,200 467,310
Jazz Pharmaceuticals PLC (C) 4,500 679,455
Merck & Company, Inc. 66,829 3,640,176
Mylan NV (C) 10,900 448,753
MyoKardia, Inc. (C) 10,300 502,640
Nektar Therapeutics (C) 38,400 4,080,384
Pfizer, Inc. 24,700 876,603
Roche Holding AG 6,319 1,449,560
scPharmaceuticals, Inc. (C) 6,080 75,392
TherapeuticsMD, Inc. (C) 74,346 362,065
Theravance Biopharma, Inc. (C) 20,118 487,862
UCB SA 12,572 1,023,843
WaVe Life Sciences, Ltd. (C) 7,114 285,271
Zoetis, Inc. 17,000 1,419,670
Zogenix, Inc. (C) 18,400 736,920
36,514,984
283,317,044
TOTAL COMMON STOCKS (Cost $226,411,483) $ 285,143,285
 
PREFERRED SECURITIES – 0.5%
Consumer discretionary – 0.2%
Specialty retail – 0.2%
Jand, Inc., Series D (A)(B)(C) 33,198 521,773
Health care – 0.3%
Health care equipment and supplies – 0.3%
Becton, Dickinson and Company,
       6.125% 10,507 613,924
Sartorius AG 1,454 203,467
817,391
Information technology – 0.0%
Software – 0.0%
Doximity, Inc. (A)(B)(C) 31,611 136,243
TOTAL PREFERRED SECURITIES (Cost $1,262,025) $ 1,475,407

104



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Health Sciences Trust (continued)

Shares or
Principal
Amount       Value
CONVERTIBLE BONDS – 0.2%
Health care – 0.2%
Ironwood Pharmaceuticals, Inc.
       2.250%, 06/15/2022 $ 376,000 $ 442,597
TOTAL CONVERTIBLE BONDS (Cost $376,000)   $ 442,597
   
RIGHTS – 0.0%
Wright Medical Group NV (Expiration
       Date: 1-2-24) (C)(D) 3,500 4,655
TOTAL RIGHTS (Cost $8,750) $ 4,655
 
SHORT-TERM INVESTMENTS – 0.5%  
Money market funds – 0.5%
State Street Institutional U.S. Government  
       Money Market Fund, Premier Class,
       1.5812% (E) 500,000 500,000
T. Rowe Price Government Money Fund,  
       1.8418% (E) 909,612 909,612
1,409,612
TOTAL SHORT-TERM INVESTMENTS (Cost $1,409,612)     $ 1,409,612
Total Investments (Health Sciences Trust)  
       (Cost $229,467,870) – 100.1% $ 288,475,556
Other assets and liabilities, net – (0.1%)   (276,319 )
TOTAL NET ASSETS – 100.0% $ 288,199,237

Security Abbreviations and Legend

ADR         American Depositary Receipt
(A) 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.
(B) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(C) Non-income producing security.
(D) Strike price and/or expiration date not available.
(E) The rate shown is the annualized seven-day yield as of 3-31-18.

High Yield Trust

Shares or
Principal
Amount       Value
FOREIGN GOVERNMENT OBLIGATIONS – 1.5%    
Argentina – 0.8%
Provincia de Buenos Aires
       7.875%, 06/15/2027 $ 680,000 $ 705,500
Republic of Argentina
       4.625%, 01/11/2023 200,000 192,802
       5.625%, 01/26/2022 230,000 233,335
       6.875%, 01/26/2027 (A) 330,000 336,435
       7.500%, 04/22/2026 (A) 200,000 213,600
       7.625%, 04/22/2046 200,000 198,750
  1,880,422
Brazil – 0.3%
Federative Republic of Brazil
       10.000%, 01/01/2021 BRL 100,000 32,547
       10.000%, 01/01/2023 2,139,000 692,299
       10.000%, 01/01/2027 85,000 27,190
  752,036
Ecuador – 0.2%
Republic of Ecuador
       7.875%, 01/23/2028 (B) $ 440,000 423,588
Indonesia – 0.0%
Republic of Indonesia
       8.375%, 03/15/2034 IDR 74,000,000 5,832
Mexico – 0.2%
Government of Mexico
       6.500%, 06/09/2022 MXN 5,956,000 $ 319,105
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost      
$3,537,161) $ 3,380,983
 
CORPORATE BONDS – 84.7%
Consumer discretionary – 17.8%
Adient Global Holdings, Ltd.
       4.875%, 08/15/2026 (B) $ 570,000 538,650
Altice Luxembourg SA
       7.750%, 05/15/2022 (B) 660,000 612,150
AMC Entertainment Holdings, Inc.
       6.125%, 05/15/2027 (A) 410,000 402,825
Bossier Casino Venture Holdco, Inc.
       (0.000% Cash or 14.000% PIK)
       14.000%, 02/09/2023 (B)(C) 666,839 689,237
Boyne USA, Inc.
       7.250%, 05/01/2025 (B) 270,000 277,088
Brinker International, Inc.
       5.000%, 10/01/2024 (B) 380,000 372,400
Carmike Cinemas, Inc.
       6.000%, 06/15/2023 (B) 530,000 551,200
Carrols Restaurant Group, Inc.
       8.000%, 05/01/2022 700,000 728,000
CCO Holdings LLC
       5.125%, 05/01/2027 (B) 1,110,000 1,053,834
       5.750%, 02/15/2026 (B) 250,000 248,753
Century Communities, Inc.
       5.875%, 07/15/2025 1,040,000 990,600
Charter Communications Operating LLC    
       4.908%, 07/23/2025 1,850,000 1,889,546
       6.484%, 10/23/2045 450,000 493,231
CSC Holdings LLC
       6.625%, 10/15/2025 (B) 720,000 743,400
       10.125%, 01/15/2023 (B) 355,000 394,050
       10.875%, 10/15/2025 (B) 243,000 285,523
Delphi Technologies PLC
       5.000%, 10/01/2025 (B) 370,000 354,738
DISH DBS Corp.
       5.875%, 11/15/2024 2,030,000 1,809,238
       7.750%, 07/01/2026 1,660,000 1,562,475
Downstream Development Authority of    
       the Quapaw Tribe of Oklahoma
       10.500%, 02/15/2023 (B) 560,000 574,000
ESH Hospitality, Inc.
       5.250%, 05/01/2025 (B) 770,000 749,056
Fontainebleau Las Vegas Holdings LLC    
       11.000%, 06/15/2049 (B)(D) 3,600,425 360
General Motors Company
       6.600%, 04/01/2036 140,000 160,269
       6.750%, 04/01/2046 60,000 69,551
GLP Capital LP
       5.375%, 04/15/2026 670,000 680,050
Golden Nugget, Inc.
       8.750%, 10/01/2025 (B) 740,000 767,750
Hanesbrands, Inc.
       4.625%, 05/15/2024 (B) 510,000 499,163
       4.875%, 05/15/2026 (B) 180,000 174,600
Hilton Worldwide Finance LLC
       4.625%, 04/01/2025 300,000 299,625
       4.875%, 04/01/2027 330,000 326,288
IHO Verwaltungs GmbH (4.125% Cash    
       or 4.875% PIK) 4.125%,
       09/15/2021 (B) 260,000 254,800

105



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

      Shares or      
Principal
Amount Value
CORPORATE BONDS (continued)
Consumer discretionary (continued)
IHO Verwaltungs GmbH (4.750% Cash
       or 5.500% PIK) 4.750%,
       09/15/2026 (B) $ 250,000 $ 240,938
International Game Technology PLC
       6.500%, 02/15/2025 (B) 400,000 428,500
Lennar Corp.
       4.500%, 04/30/2024 300,000 294,000
       4.750%, 11/29/2027 (B) 400,000 383,000
Levi Strauss & Company
       5.000%, 05/01/2025 710,000 714,438
Meredith Corp.
       6.875%, 02/01/2026 (B) 480,000 492,600
MGM Resorts International
       4.625%, 09/01/2026 370,000 353,350
       7.750%, 03/15/2022 610,000 679,388
Monitronics International, Inc.
       9.125%, 04/01/2020 (A) 390,000 299,013
Murphy Oil USA, Inc.
       5.625%, 05/01/2027 490,000 492,450
       6.000%, 08/15/2023 60,000 61,800
NCL Corp., Ltd.
       4.750%, 12/15/2021 (B) 810,000 818,100
Netflix, Inc.
       5.875%, 02/15/2025 780,000 817,050
New Red Finance, Inc.
       4.250%, 05/15/2024 (B) 340,000 324,700
       5.000%, 10/15/2025 (B) 630,000 599,886
Newell Brands, Inc.
       5.000%, 11/15/2023 250,000 256,534
PetSmart, Inc.
       8.875%, 06/01/2025 (B) 540,000 307,800
Scientific Games International, Inc.
       5.000%, 10/15/2025 (B) 380,000 369,550
       10.000%, 12/01/2022 1,950,000 2,099,906
Service Corp. International
       4.625%, 12/15/2027 380,000 366,700
       5.375%, 05/15/2024 230,000 238,982
       7.500%, 04/01/2027 480,000 552,120
Silversea Cruise Finance, Ltd.
       7.250%, 02/01/2025 (B) 592,000 626,040
Speedway Motorsports, Inc.
       5.125%, 02/01/2023 610,000 607,377
Sugarhouse HSP Gaming Prop Mezz LP
       5.875%, 05/15/2025 (A)(B) 270,000 257,175
Taylor Morrison Communities, Inc.
       5.875%, 04/15/2023 (B) 840,000 867,048
The EW Scripps Company
       5.125%, 05/15/2025 (B) 420,000 390,600
The ServiceMaster Company LLC
       5.125%, 11/15/2024 (B) 550,000 532,125
Time Warner Cable LLC
       7.300%, 07/01/2038 440,000 526,147
Univision Communications, Inc.
       5.125%, 02/15/2025 (B) 200,000 186,500
Viking Cruises, Ltd.
       5.875%, 09/15/2027 (B) 1,225,000 1,160,688
Virgin Media Secured Finance PLC
       5.500%, 08/15/2026 (B) 1,480,000 1,438,368
VOC Escrow, Ltd.
       5.000%, 02/15/2028 (B) 460,000 437,000
Weekley Homes LLC
       6.625%, 08/15/2025 (B) 750,000 740,625
Weight Watchers International, Inc.
       8.625%, 12/01/2025 (B) 490,000 521,850
William Lyon Homes, Inc.
       5.750%, 04/15/2019 240,000 240,144
       5.875%, 01/31/2025 50,000 48,563
       6.000%, 09/01/2023 (B) 390,000 389,269
       7.000%, 08/15/2022 180,000 184,500
ZF North America Capital, Inc.
       4.500%, 04/29/2022 (B) 305,000 308,813
       4.750%, 04/29/2025 (B) 520,000 525,823
39,731,910
Consumer staples – 2.5%
Alliance One International, Inc.
       8.500%, 04/15/2021 (B) 280,000 291,900
       9.875%, 07/15/2021 (A) 330,000 320,100
Beverages & More, Inc.
       11.500%, 06/15/2022 (A)(B) 670,000 616,400
Carolina Beverage Group LLC
       10.625%, 08/01/2018 (B) 580,000 581,450
Central Garden & Pet Company
       5.125%, 02/01/2028 370,000 351,500
Cott Holdings, Inc.
       5.500%, 04/01/2025 (B) 520,000 513,500
Kraft Heinz Foods Company
       7.125%, 08/01/2039 (B) 440,000 558,732
Lamb Weston Holdings, Inc.
       4.625%, 11/01/2024 (B) 370,000 366,763
       4.875%, 11/01/2026 (B) 780,000 773,175
Spectrum Brands, Inc.
       5.750%, 07/15/2025 860,000 877,200
       6.125%, 12/15/2024 230,000 236,900
5,487,620
Energy – 13.4%
Blue Racer Midstream LLC
       6.125%, 11/15/2022 (B) 630,000 641,025
Carrizo Oil & Gas, Inc.
       8.250%, 07/15/2025 800,000 840,000
Cheniere Corpus Christi Holdings LLC
       5.875%, 03/31/2025 740,000 774,225
Chesapeake Energy Corp.
       5.375%, 06/15/2021 280,000 272,300
       5.750%, 03/15/2023 760,000 684,950
       8.000%, 01/15/2025 (A)(B) 520,000 503,100
Continental Resources, Inc.
       4.900%, 06/01/2044 330,000 315,975
Covey Park Energy LLC
       7.500%, 05/15/2025 (B) 760,000 756,200
DCP Midstream Operating LP
       6.750%, 09/15/2037 (B) 590,000 649,000
Diamondback Energy, Inc.
       4.750%, 11/01/2024 280,000 276,850
       5.375%, 05/31/2025 (B) 610,000 617,930
Endeavor Energy Resources LP
       5.500%, 01/30/2026 (B) 290,000 288,550
       5.750%, 01/30/2028 (B) 300,000 298,875
Ensco PLC
       7.750%, 02/01/2026 (A) 210,000 192,675
EP Energy LLC
       6.375%, 06/15/2023 660,000 336,600
       7.750%, 09/01/2022 160,000 104,000
       8.000%, 02/15/2025 (B) 250,000 166,875
       9.375%, 05/01/2024 (B) 580,000 412,525
Extraction Oil & Gas, Inc.
       5.625%, 02/01/2026 (B) 730,000 689,850
       7.375%, 05/15/2024 (B) 560,000 585,200

106



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

      Shares or      
Principal
Amount Value
CORPORATE BONDS (continued)
Energy (continued)
Genesis Energy LP
       5.625%, 06/15/2024 $ 910,000 $ 857,675
Gulfport Energy Corp.
       6.375%, 05/15/2025 480,000 462,000
KCA Deutag UK Finance PLC
       7.250%, 05/15/2021 (B) 680,000 657,900
       9.875%, 04/01/2022 (B) 350,000 363,125
MEG Energy Corp.
       6.375%, 01/30/2023 (B) 328,000 273,880
       7.000%, 03/31/2024 (B) 1,750,000 1,443,750
Murray Energy Corp.
       11.250%, 04/15/2021 (B) 760,000 285,000
NGL Energy Partners LP
       7.500%, 11/01/2023 900,000 903,375
NGPL PipeCo LLC
       4.375%, 08/15/2022 (B) 380,000 377,625
       4.875%, 08/15/2027 (B) 530,000 522,050
       7.768%, 12/15/2037 (B) 220,000 266,200
Oasis Petroleum, Inc.
       6.875%, 03/15/2022 460,000 466,550
Petrobras Global Finance BV
       6.850%, 06/05/2115 410,000 387,450
       7.375%, 01/17/2027 290,000 313,925
Precision Drilling Corp.
       7.125%, 01/15/2026 (B) 660,000 653,400
Pride International LLC
       7.875%, 08/15/2040 160,000 136,400
QEP Resources, Inc.
       5.250%, 05/01/2023 230,000 221,384
       5.625%, 03/01/2026 (A) 560,000 528,500
Range Resources Corp.
       4.875%, 05/15/2025 (A) 240,000 222,600
       5.000%, 03/15/2023 400,000 383,520
Rockies Express Pipeline LLC
       6.875%, 04/15/2040 (B) 1,300,000 1,499,394
       7.500%, 07/15/2038 (B) 100,000 119,750
RSP Permian, Inc.
       5.250%, 01/15/2025 800,000 827,000
       6.625%, 10/01/2022 460,000 480,700
Sanchez Energy Corp.
       7.250%, 02/15/2023 (A)(B) 500,000 502,500
       7.750%, 06/15/2021 (A) 250,000 230,000
SemGroup Corp.
       5.625%, 11/15/2023 740,000 699,300
Shelf Drilling Holdings, Ltd.
       8.250%, 02/15/2025 (B) 500,000 501,250
Summit Midstream Holdings LLC
       5.500%, 08/15/2022 120,000 117,000
Targa Resources Partners LP
       4.250%, 11/15/2023 900,000 864,000
       5.125%, 02/01/2025 30,000 29,850
       5.375%, 02/01/2027 30,000 29,888
Teine Energy, Ltd.
       6.875%, 09/30/2022 (B) 700,000 714,000
The Williams Companies, Inc.
       3.700%, 01/15/2023 300,000 291,750
       4.550%, 06/24/2024 400,000 402,788
       7.500%, 01/15/2031 880,000 1,070,850
Transocean, Inc.
       6.800%, 03/15/2038 360,000 280,800
       7.500%, 01/15/2026 (B) 180,000 177,300
Trinidad Drilling, Ltd.
       6.625%, 02/15/2025 (B) 930,000 867,225
WPX Energy, Inc.
       8.250%, 08/01/2023 870,000 974,400
29,812,759
Financials – 8.9%
Ally Financial, Inc.
       3.500%, 01/27/2019 650,000 650,813
       8.000%, 11/01/2031 80,000 97,600
American Greetings Corp.
       7.875%, 02/15/2025 (B) 820,000 826,150
ASP AMC Merger Sub, Inc.
       8.000%, 05/15/2025 (B) 640,000 600,000
Banco Mercantil del Norte SA (6.875%
       to 7-6-22, then 5 Year CMT +
       5.035%) 07/06/2022 (B)(E) 200,000 205,750
Bank of America Corp. (5.875% to
       3-15-28, then 3 month LIBOR +
       2.931%) 03/15/2028 (E) 350,000 352,208
Bank of America Corp. (6.500% to
       10-23-24, then 3 month LIBOR +
       4.174%) 10/23/2024 (E) 280,000 301,028
Barclays Bank PLC
       7.625%, 11/21/2022 200,000 219,470
Barclays PLC
       4.836%, 05/09/2028 200,000 196,508
Barclays PLC (8.000% to 12-15-20, then
       5 Year Euro Swap Rate + 6.750%)
       12/15/2020 (E) EUR 500,000 699,784
BNP Paribas SA (7.375% to 8-19-25,
       then 5 Year U.S. Swap Rate +
       5.150%) 08/19/2025 (B)(E) $ 390,000 424,613
Centennial Resource Production LLC
       5.375%, 01/15/2026 (B) 370,000 363,063
CIT Group, Inc.
       5.250%, 03/07/2025 140,000 143,335
       6.125%, 03/09/2028 420,000 435,750
Citigroup, Inc. (5.950% to 5-15-25, then
       3 month LIBOR + 3.905%)
       05/15/2025 (E) 780,000 801,840
Citigroup, Inc. (6.300% to 5-15-24, then
       3 month LIBOR + 3.423%)
       05/15/2024 (E) 1,060,000 1,106,375
Cooperatieve Rabobank UA
       5.250%, 08/04/2045 270,000 302,791
Credit Agricole SA (8.125% to 12-23-25,
       then 5 Year U.S. Swap Rate +
       6.185%) 12/23/2025 (B)(E) 290,000 330,365
DAE Funding LLC
       4.500%, 08/01/2022 (B) 514,000 487,658
       5.000%, 08/01/2024 (B) 800,000 757,000
Donnelley Financial Solutions, Inc.
       8.250%, 10/15/2024 590,000 624,663
FirstCash, Inc.
       5.375%, 06/01/2024 (B) 530,000 538,454
Genworth Holdings, Inc.
       4.900%, 08/15/2023 320,000 262,400
       7.700%, 06/15/2020 (A) 570,000 562,875
HSBC Holdings PLC (6.375% to
       3-30-25, then 5 Year U.S. ISDAFIX +
       4.368%) 03/30/2025 (E) 620,000 637,825
HSBC Holdings PLC (6.500% to
       3-23-28, then 5 Year U.S. ISDAFIX +
       3.606%) 03/23/2028 (E) 730,000 744,600
Lions Gate Capital Holdings LLC
       5.875%, 11/01/2024 (B) 1,010,000 1,047,875

107



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

      Shares or      
Principal
Amount Value
CORPORATE BONDS (continued)
Financials (continued)
Navient Corp.
       5.875%, 03/25/2021 to 10/25/2024 $ 590,000 $ 592,650
       6.500%, 06/15/2022 120,000 124,050
       6.625%, 07/26/2021 210,000 218,400
       6.750%, 06/25/2025 (A) 140,000 141,925
       8.000%, 03/25/2020 688,000 731,000
       8.450%, 06/15/2018 300,000 302,550
Quicken Loans, Inc.
       5.250%, 01/15/2028 (B) 1,300,000 1,215,500
       5.750%, 05/01/2025 (B) 1,000,000 997,500
Radian Group, Inc.
       4.500%, 10/01/2024 200,000 195,500
The Royal Bank of Scotland Group PLC
       (8.625% to 8-15-21, then 5 Year
       U.S. Swap Rate + 7.598%)
       08/15/2021 (E) 470,000 510,538
The Royal Bank of Scotland NV
       7.750%, 05/15/2023 210,000 240,556
TMX Finance LLC
       8.500%, 09/15/2018 (B) 790,000 752,475
19,743,437
Health care – 9.3%
Air Medical Group Holdings, Inc.
       6.375%, 05/15/2023 (A)(B) 270,000 255,825
AMAG Pharmaceuticals, Inc.
       7.875%, 09/01/2023 (B) 970,000 957,875
BioScrip, Inc.
       8.875%, 02/15/2021 (A) 620,000 584,350
Centene Corp.
       4.750%, 01/15/2025 730,000 711,750
       6.125%, 02/15/2024 160,000 166,512
Community Health Systems, Inc.
       6.250%, 03/31/2023 770,000 709,363
       8.000%, 11/15/2019 (A) 270,000 243,000
DaVita, Inc.
       5.000%, 05/01/2025 570,000 550,934
DJO Finance LLC
       8.125%, 06/15/2021 (B) 1,180,000 1,182,950
       10.750%, 04/15/2020 90,000 87,075
Endo Finance LLC
       5.375%, 01/15/2023 (B) 280,000 212,100
       7.250%, 01/15/2022 (B) 290,000 251,575
HCA, Inc.
       4.500%, 02/15/2027 440,000 424,600
       5.000%, 03/15/2024 80,000 80,800
       5.250%, 06/15/2026 100,000 101,300
       5.375%, 02/01/2025 820,000 822,050
       5.500%, 06/15/2047 1,920,000 1,855,200
       7.500%, 02/15/2022 210,000 230,738
Hologic, Inc.
       4.375%, 10/15/2025 (B) 400,000 386,000
Immucor, Inc.
       11.125%, 02/15/2022 (B) 180,000 186,300
Jaguar Holding Company II
       6.375%, 08/01/2023 (B) 570,000 576,413
MPH Acquisition Holdings LLC
       7.125%, 06/01/2024 (B) 510,000 526,575
NVA Holdings, Inc.
       6.875%, 04/01/2026 (B) 930,000 936,975
Polaris Intermediate Corp. (8.500% Cash
       or 9.250% PIK) 8.500%,
       12/01/2022 (B) 400,000 408,004
Tenet Healthcare Corp.
       7.500%, 01/01/2022 (B) 370,000 389,888
       8.125%, 04/01/2022 2,000,000 2,085,000
Teva Pharmaceutical Finance
       Netherlands III BV
       2.200%, 07/21/2021 550,000 495,180
Valeant Pharmaceuticals
       International, Inc.
       5.500%, 03/01/2023 (B) 1,150,000 1,004,813
       5.875%, 05/15/2023 (B) 400,000 355,000
       6.125%, 04/15/2025 (B) 230,000 198,490
       7.000%, 03/15/2024 (B) 1,090,000 1,136,325
       7.250%, 07/15/2022 (A)(B) 160,000 160,000
       7.500%, 07/15/2021 (B) 40,000 40,300
       9.250%, 04/01/2026 (B) 2,010,000 2,002,463
West Street Merger Sub, Inc.
       6.375%, 09/01/2025 (B) 560,000 533,400
20,849,123
Industrials – 9.3%
Ahern Rentals, Inc.
       7.375%, 05/15/2023 (B) 130,000 126,425
Allison Transmission, Inc.
       4.750%, 10/01/2027 (B) 960,000 904,800
       5.000%, 10/01/2024 (B) 590,000 584,838
Arconic, Inc.
       5.125%, 10/01/2024 480,000 488,400
ARD Securities Finance SARL (8.750%
       Cash or 8.750% PIK) 8.750%,
       01/31/2023 (B) 700,000 733,250
Ashtead Capital, Inc.
       4.125%, 08/15/2025 (B) 200,000 192,000
Beacon Escrow Corp.
       4.875%, 11/01/2025 (B) 640,000 609,600
BlueLine Rental Finance Corp.
       9.250%, 03/15/2024 (B) 700,000 750,526
Cleaver-Brooks, Inc.
       7.875%, 03/01/2023 (B) 480,000 498,600
Core & Main LP
       6.125%, 08/15/2025 (B) 300,000 293,250
Covanta Holding Corp.
       5.875%, 07/01/2025 560,000 543,200
Flexi-Van Leasing, Inc.
       10.000%, 02/15/2023 (B) 540,000 535,950
GFL Environmental, Inc.
       5.375%, 03/01/2023 (B) 330,000 324,225
       9.875%, 02/01/2021 (B) 350,000 369,250
Jeld-Wen, Inc.
       4.625%, 12/15/2025 (B) 340,000 326,400
       4.875%, 12/15/2027 (B) 450,000 425,250
Navios Maritime Acquisition Corp.
       8.125%, 11/15/2021 (A)(B) 940,000 768,450
Neovia Logistics Services LLC
       (10.000% Cash or 10.750% PIK)
       10.000%, 04/01/2020 (B) 748,625 321,909
New Enterprise Stone & Lime
       Company, Inc.
       6.250%, 03/15/2026 (B) 300,000 300,375
Park Aerospace Holdings, Ltd.
       4.500%, 03/15/2023 (B) 830,000 786,425
       5.250%, 08/15/2022 (B) 580,000 568,226
       5.500%, 02/15/2024 (B) 630,000 611,100
Park-Ohio Industries, Inc.
       6.625%, 04/15/2027 409,000 423,315
Prime Security Services Borrower LLC
       9.250%, 05/15/2023 (B) 608,000 658,920
Standard Industries, Inc.
       4.750%, 01/15/2028 (B) 900,000 846,855

108



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

      Shares or      
Principal
Amount Value
CORPORATE BONDS (continued)
Industrials (continued)
The ADT Corp.
       4.125%, 06/15/2023 $ 240,000 $ 225,600
       6.250%, 10/15/2021 430,000 448,275
The Brink’s Company
       4.625%, 10/15/2027 (B) 620,000 575,050
The Hertz Corp.
       5.875%, 10/15/2020 830,000 819,625
United Airlines 2013-1 Class B Pass
       Through Trust
       5.375%, 02/15/2023 529,755 544,323
United Airlines 2014-1 Class B Pass
       Through Trust
       4.750%, 10/11/2023 261,810 265,973
United Rentals North America, Inc.
       4.625%, 10/15/2025 190,000 184,775
       4.875%, 01/15/2028 980,000 945,700
       5.500%, 07/15/2025 to 05/15/2027 740,000 747,013
       5.750%, 11/15/2024 620,000 645,451
Waste Pro USA, Inc.
       5.500%, 02/15/2026 (B) 440,000 434,500
XPO CNW, Inc.
       6.700%, 05/01/2034 740,000 771,450
XPO Logistics, Inc.
       6.125%, 09/01/2023 (B) 680,000 702,100
       6.500%, 06/15/2022 (B) 490,000 505,313
20,806,687
Information technology – 2.2%
Alliance Data Systems Corp.
       5.375%, 08/01/2022 (B) 880,000 880,000
CDK Global, Inc.
       4.875%, 06/01/2027 (B) 250,000 240,625
CommScope Technologies LLC
       5.000%, 03/15/2027 (B) 420,000 399,000
Dell International LLC
       5.875%, 06/15/2021 (B) 330,000 337,838
       7.125%, 06/15/2024 (B) 360,000 384,300
First Data Corp.
       5.000%, 01/15/2024 (B) 550,000 550,000
       7.000%, 12/01/2023 (B) 60,000 63,075
j2 Cloud Services LLC
       6.000%, 07/15/2025 (B) 560,000 573,300
Match Group, Inc.
       5.000%, 12/15/2027 (B) 390,000 384,150
       6.375%, 06/01/2024 340,000 361,675
Travelport Corporate Finance PLC
       6.000%, 03/15/2026 (B) 432,000 433,620
Vantiv LLC
       4.375%, 11/15/2025 (B) 415,000 400,994
5,008,577
Materials – 8.4%
Alcoa Nederland Holding BV
       6.750%, 09/30/2024 (B) 330,000 353,100
       7.000%, 09/30/2026 (B) 830,000 894,325
ArcelorMittal
       7.250%, 03/01/2041 470,000 546,375
Ardagh Packaging Finance PLC
       6.000%, 02/15/2025 (B) 1,070,000 1,075,350
Berry Global, Inc.
       4.500%, 02/15/2026 (B) 460,000 435,275
BHP Billiton Finance USA, Ltd.
       (6.750% to 10-20-25, then 5 Year
       U.S. Swap Rate + 5.093%)
       10/19/2075 (B) 450,000 505,125
Cemex SAB de CV
       5.700%, 01/11/2025 (B) 220,000 225,610
       6.125%, 05/05/2025 (A)(B) 270,000 280,854
First Quantum Minerals, Ltd.
       6.875%, 03/01/2026 (B) 620,000 589,000
       7.250%, 04/01/2023 (B) 700,000 689,500
       7.500%, 04/01/2025 (B) 1,040,000 1,021,150
Freeport-McMoRan, Inc.
       3.550%, 03/01/2022 500,000 483,750
       3.875%, 03/15/2023 260,000 251,264
       5.450%, 03/15/2043 2,030,000 1,866,991
       6.875%, 02/15/2023 630,000 675,675
FXI Holdings, Inc.
       7.875%, 11/01/2024 (B) 580,000 568,038
Hudbay Minerals, Inc.
       7.250%, 01/15/2023 (B) 520,000 539,500
       7.625%, 01/15/2025 (B) 890,000 940,063
Mercer International, Inc.
       5.500%, 01/15/2026 (B) 380,000 377,150
       6.500%, 02/01/2024 690,000 722,775
Midwest Vanadium Pty, Ltd.
       11.500%, 02/15/2018 (B)(D) 913,644 1,736
Northwest Acquisitions ULC
       7.125%, 11/01/2022 (B) 520,000 530,400
Olin Corp.
       5.000%, 02/01/2030 420,000 402,150
Pactiv LLC
       7.950%, 12/15/2025 380,000 422,750
       8.375%, 04/15/2027 1,510,000 1,706,300
Steel Dynamics, Inc.
       5.000%, 12/15/2026 300,000 300,000
Teck Resources, Ltd.
       5.200%, 03/01/2042 670,000 626,450
Valvoline, Inc.
       4.375%, 08/15/2025 510,000 495,338
       5.500%, 07/15/2024 650,000 667,063
Venator Finance Sarl
       5.750%, 07/15/2025 (B) 450,000 448,875
18,641,932
Real estate – 2.5%
CoreCivic, Inc.
       4.125%, 04/01/2020 90,000 90,225
       4.625%, 05/01/2023 130,000 129,025
       4.750%, 10/15/2027 640,000 601,600
       5.000%, 10/15/2022 390,000 394,875
CTR Partnership LP
       5.250%, 06/01/2025 410,000 410,000
Five Point Operating Company LP
       7.875%, 11/15/2025 (B) 1,020,000 1,028,925
Hunt Companies, Inc.
       6.250%, 02/15/2026 (B) 540,000 521,300
MPT Operating Partnership LP
       5.000%, 10/15/2027 580,000 568,574
       5.250%, 08/01/2026 250,000 249,063
       5.500%, 05/01/2024 70,000 71,401
       6.375%, 03/01/2024 280,000 294,006
Sabra Health Care LP
       5.125%, 08/15/2026 270,000 260,137
The GEO Group, Inc.
       5.125%, 04/01/2023 10,000 9,875
       5.875%, 10/15/2024 750,000 742,500
Uniti Group LP
       6.000%, 04/15/2023 (B) 190,000 182,875
       8.250%, 10/15/2023 130,000 122,850
5,677,231

109



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

      Shares or      
Principal
Amount Value
CORPORATE BONDS (continued)
Telecommunication services – 8.2%
Altice France SA
       6.250%, 05/15/2024 (B) $ 470,000 $ 442,975
       7.375%, 05/01/2026 (B) 2,630,000 2,505,075
CenturyLink, Inc.
       5.625%, 04/01/2025 (A) 250,000 225,625
       6.750%, 12/01/2023 (A) 100,000 97,250
Cogent Communications Group, Inc.
       5.375%, 03/01/2022 (B) 1,130,000 1,155,425
Intelsat Jackson Holdings SA
       5.500%, 08/01/2023 670,000 542,700
       8.000%, 02/15/2024 (B) 560,000 588,700
Level 3 Financing, Inc.
       5.250%, 03/15/2026 210,000 197,925
       5.625%, 02/01/2023 400,000 400,380
Sprint Capital Corp.
       8.750%, 03/15/2032 1,600,000 1,672,000
Sprint Communications, Inc.
       11.500%, 11/15/2021 470,000 545,200
Sprint Corp.
       7.250%, 09/15/2021 1,850,000 1,912,438
       7.625%, 02/15/2025 790,000 777,163
       7.875%, 09/15/2023 2,450,000 2,502,063
Telecom Italia SpA
       5.303%, 05/30/2024 (B) 1,200,000 1,221,000
T-Mobile USA, Inc.
       4.750%, 02/01/2028 780,000 749,775
       6.000%, 04/15/2024 60,000 62,496
       6.500%, 01/15/2026 1,160,000 1,232,500
UPC Holding BV
       5.500%, 01/15/2028 (B) 750,000 691,875
Windstream Services LLC
       7.750%, 10/15/2020 840,000 701,400
18,223,965
Utilities – 2.2%
AES Corp.
       5.500%, 04/15/2025 451,000 466,221
Calpine Corp.
       5.250%, 06/01/2026 (B) 630,000 607,950
Miran Mid-Atlantic Series C Pass
       Through Trust
       10.060%, 12/30/2028 (D) 1,558,871 1,558,871
NRG Energy, Inc.
       7.250%, 05/15/2026 40,000 42,400
NRG REMA LLC
       9.681%, 07/02/2026 1,181,000 702,695
Red Oak Power LLC
       9.200%, 11/30/2029 1,030,000 1,176,775
Suburban Propane Partners LP
       5.875%, 03/01/2027 450,000 426,375
4,981,287
TOTAL CORPORATE BONDS (Cost
$194,205,573) $ 188,964,528
 
CONVERTIBLE BONDS – 1.5%
Consumer discretionary – 0.6%
DISH Network Corp.
       2.375%, 03/15/2024 420,000 371,402
       3.375%, 08/15/2026 110,000 105,952
Liberty Media Corp.
       2.125%, 03/31/2048 (B) 540,000 532,656
Live Nation Entertainment, Inc.
       2.500%, 03/15/2023 (B) 230,000 231,537
1,241,547
Consumer staples – 0.0%
Herbalife, Ltd.
       2.625%, 03/15/2024 (B) 40,000 40,040
Energy – 0.3%
Chesapeake Energy Corp.
       5.500%, 09/15/2026 260,000 223,886
Whiting Petroleum Corp.
       1.250%, 04/01/2020 550,000 517,680
741,566
Health care – 0.4%
Jazz Investments I, Ltd.
       1.500%, 08/15/2024 (B) 920,000 897,104
Information technology – 0.2%
Twitter, Inc.
       1.000%, 09/15/2021 490,000 458,207
TOTAL CONVERTIBLE BONDS (Cost
$3,454,411) $ 3,378,464
 
CAPITAL PREFERRED SECURITIES – 0.4%
Financials – 0.4%
ILFC E-Capital Trust I (1.550% +
       highest of 3 month LIBOR, 10 Year
       CMT, and 30 Year CMT) 4.640%,
       12/21/2065 (B)(F) 1,000,000 975,000
TOTAL CAPITAL PREFERRED SECURITIES
(Cost $840,662) $ 975,000
 
TERM LOANS (G) – 3.0%
Consumer discretionary – 1.2%
CWGS Group LLC (1 month LIBOR +
       3.000%) 4.703%, 11/08/2023 801,900 803,408
PetSmart, Inc. (1 month LIBOR +
       3.000%) 4.680%, 03/11/2022 707,720 566,417
Ply Gem Industries, Inc.
       04/12/2025 TBD (H) 560,000 560,000
Spencer Gifts LLC (3 month LIBOR +
       8.250%) 9.990%, 06/29/2022 630,000 403,200
TOMS Shoes LLC (3 month LIBOR +
       5.500%) 7.480%, 10/28/2020 455,900 259,863
2,592,888
Energy – 0.9%
Chesapeake Energy Corp. (3 month
       LIBOR + 7.500%) 9.444%,
       08/23/2021 400,000 424,356
Eastern Power LLC (1 month LIBOR +
       3.750%) 5.627%, 10/02/2023 966,807 980,961
Hercules Offshore, Inc.
       10.500%, 05/06/2020 (D) 60,649 48,519
Murray Energy Corp. (3 month LIBOR
       +7.250%) 9.552%, 04/16/2020 373,476 315,587
Panda Temple Power LLC (3 month
       LIBOR + 8.000%) 9.702%,
       02/07/2023 253,278 257,500
2,026,923
Health care – 0.7%
Immucor, Inc. (3 month LIBOR +
       5.000%) 7.302%, 06/15/2021 290,168 296,697
Lantheus Medical Imaging, Inc. (1
       month LIBOR + 3.750%) 5.627%,
       06/30/2022 455,400 457,486
Radnet Management, Inc. (3 month
       LIBOR +3.500%) 5.247%, 06/30/2023 845,714 855,229
1,609,412

110



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

      Shares or      
Principal
Amount Value
TERM LOANS (G) (continued)
Industrials – 0.2%
Commercial Barge Line Company (1
       month LIBOR + 8.750%) 10.627%,
       11/12/2020 $ 783,000 $ 462,134
TOTAL TERM LOANS (Cost $7,465,426) $ 6,691,357
 
COLLATERALIZED MORTGAGE
OBLIGATIONS – 0.4%
Commercial and residential – 0.4%
Commercial Mortgage Trust (Cantor
       Fitzgerald/Deutsche Bank AG)
       Series 2015-LC21, Class E
       3.250%, 07/10/2048 (B) 600,000 358,055
JPMBB Commercial Mortgage Securities
       Trust
       Series 2015-C31, Class E
       4.618%, 08/15/2048 (B)(I) 500,000 317,065
Wells Fargo Commercial Mortgage Trust
       Series 2015-C28, Class E
       3.000%, 05/15/2048 (B) 500,000 288,685
963,805
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $1,085,557) $ 963,805
 
ASSET BACKED SECURITIES – 3.9%
ARES XLIV CLO, Ltd.
       Series 2017-44A, Class D (3 month
       LIBOR + 6.550%)
       7.864%, 10/15/2029 (B)(F) 700,000 714,382
Avery Point VI CLO, Ltd.
       Series 2015-6A, Class E1 (3 month
       LIBOR + 5.500%)
       7.287%, 08/05/2027 (B)(F) 750,000 753,944
Carlyle Global Market Strategies
       CLO, Ltd.
       Series 2015-2A, Class D (3 month
       LIBOR + 5.300%)
       7.060%, 04/27/2027 (B)(F) 500,000 500,738
Carlyle US CLO, Ltd.
       Series 2017-2A, Class C (3 month
       LIBOR + 3.700%)
       5.445%, 07/20/2031 (B)(F) 750,000 763,290
Catskill Park CLO, Ltd.
       Series 2017-1A, Class D (3 month
       LIBOR + 6.000%)
       7.745%, 04/20/2029 (B)(F) 600,000 608,206
Cumberland Park CLO, Ltd.
       Series 2015-2A, Class E (3 month
       LIBOR + 5.000%)
       6.745%, 07/20/2026 (B)(F) 750,000 749,615
CVP CLO, Ltd.
       Series 2017-2, Class D (3 month
       LIBOR + 2.650%)
       4.576%, 01/20/2031 (B)(F) 500,000 500,817
Goldentree Loan Opportunities X, Ltd.
       Series 2015-10A, Class E2 (3 month
       LIBOR + 5.200%)
       6.945%, 07/20/2027 (B)(F) 500,000 501,831
Jamestown CLO VIII, Ltd.
       Series 2015-8A, Class D2 (3 month
       LIBOR + 6.750%)
       8.472%, 01/15/2028 (B)(F) 750,000 753,297
Midocean Credit CLO VII
       Series 2017-7A, Class D (3 month
       LIBOR + 3.880%)
       5.602%, 07/15/2029 (B)(F) 500,000 507,381
Neuberger Berman CLO XIX, Ltd.
       Series 2015-19A, Class D (3 month
       LIBOR + 5.250%)
       6.972%, 07/15/2027 (B)(F) 500,000 492,911
Oaktree CLO, Ltd.
       Series 2015-1A, Class DR (3 month
       LIBOR + 5.200%)
       6.945%, 10/20/2027 (B)(F) 250,000 247,326
OZLM XIX, Ltd.
       Series 2017-19A, Class C (3 month
       LIBOR + 3.100%)
       4.470%, 11/22/2030 (B)(F) 810,000 813,954
Treman Park CLO, Ltd.
       Series 2015-1A, Class E (3 month
       LIBOR + 6.200%)
       7.945%, 04/20/2027 (B)(F) 250,000 250,361
Voya CLO, Ltd.
       Series 2015-2A, Class E (3 month
       LIBOR + 5.300%)
       7.044%, 07/23/2027 (B)(F) 500,000 506,774
TOTAL ASSET BACKED SECURITIES (Cost
$8,310,360) $ 8,664,827
 
COMMON STOCKS – 1.8%
Consumer discretionary – 0.4%
Bossier Casino Venture
       Holdco, Inc. (B)(C)(J) 43,365 848,219
New Cotai LLC (C)(J) 3 117,021
Vertis Holdings, Inc. (C)(J) 69,391 0
965,240
Energy – 1.3%
Berry Pete Corp. (J) 88,259 772,266
Blue Ridge Mountain Resources, Inc. (J) 97,958 820,398
Hercules Offshore, Inc. (A)(C)(J) 45,689 17,343
KCAD Holdings I, Ltd. (C)(J) 165,553,563 976,766
MWO Holdings LLC (C)(J) 445 26,531
Panda Temple Power LLC (J) 17,991 319,340
2,932,644
Industrials – 0.1%
Tricer Holdco SCA (C)(J) 43,750 196,875
TOTAL COMMON STOCKS (Cost $10,251,332) $ 4,094,759
 
PREFERRED SECURITIES – 1.3%
Energy – 0.6%
Berry Petroleum Company LLC (J) 95,736 1,077,030
Sanchez Energy Corp., 6.500% 12,700 216,299
1,293,329
Financials – 0.6%
GMAC Capital Trust I (3 month LIBOR
       + 5.785%), 7.624% (F) 51,072 1,326,851
Industrials – 0.1%
Tricer Holdco SCA (C)(J) 20,998,941 209,989
Materials – 0.0%
Berry Plastics Group, Inc. (J) 1,434 16,133
TOTAL PREFERRED SECURITIES (Cost $4,059,605) $ 2,846,302
 
ESCROW CERTIFICATES – 0.0%
Adelphia Communications Corp.
       7.750%, 01/15/2049 (C)(J) 3,000,000 0
       9.875%, 03/01/2049 (C)(J) 2,050,000 0
       10.250%, 11/01/2049 (C)(J) 1,025,000 0
Magellan Health, Inc.
       9.750%, 05/15/2020 (C)(J) 1,930,000 500
TOTAL ESCROW CERTIFICATES (Cost $435,127) $ 500

111



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

      Shares or      
Principal
Amount Value
SECURITIES LENDING COLLATERAL – 2.5%
John Hancock Collateral Trust,
       1.8276% (K)(L) 546,156 $ 5,462,546
TOTAL SECURITIES LENDING COLLATERAL (Cost
$5,463,315) $ 5,462,546
Total Investments (High Yield Trust)
       (Cost $239,108,529) – 101.0% $ 225,423,071
Other assets and liabilities, net – (1.0%) (2,187,133 )
TOTAL NET ASSETS – 100.0% $ 223,235,938

Currency Abbreviations

BRL         Brazilian Real
EUR Euro
IDR Indonesian Rupiah
MXN Mexican Peso

Security Abbreviations and Legend

CMT         Constant Maturity Treasury
ISDAFIX International Swaps and Derivatives Association Fixed Interest Rate Swap Rate
LIBOR London Interbank Offered Rate
PIK Pay-in-Kind Security - Represents a payment-in-kind which may pay interest in additional par and/or cash. Rates shown are the current rate and most recent payment rate.
(A) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $5,335,505.
(B) 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. Rule 144A securities amounted to $110,669,239 or 49.6% of the fund’s net assets as of 3-31-18.
(C) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(D) Non-income producing - Issuer is in default.
(E) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(F) Variable rate obligation. The coupon rate shown represents the rate at period end.
(G) Term loans are variable rate obligations. The coupon rate shown represents the rate at period end.
(H) 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).
(I) Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end.
(J) Non-income producing security.
(K) The rate shown is the annualized seven-day yield as of 3-31-18.
(L) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

DERIVATIVES

FUTURES

                                    Unrealized
Number of Expiration Notional Notional appreciation
Open contracts contracts Position date basis* value* (depreciation)
5-Year U.S. Treasury Note Futures 86 Long Jun 2018 $9,796,981 $9,843,641 $46,660
U.S. Treasury Long Bond Futures 11 Short Jun 2018 (1,577,134 ) (1,612,875 ) (35,741 )
$10,919

* Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

FORWARD FOREIGN CURRENCY CONTRACTS

                              Contractual            
settlement Unrealized Unrealized
Contract to buy Contract to sell Counterparty (OTC) date appreciation depreciation
CAD 2,342,366 USD 1,878,356 Citibank N.A. 4/19/2018 — ($59,633 )
USD 241,049 EUR 197,131 Barclays Bank PLC Wholesale 4/19/2018 — (1,768 )
— ($61,401 )

SWAPS

Credit default swaps - Buyer

                                Unamortized        
upfront
USD Pay Fixed payment Unrealized
Counterparty (OTC)/ Reference Notional notional fixed payment Maturity paid appreciation
Centrally cleared obligation amount Currency amount rate frequency date (received) (depreciation) Value
Brown Brothers
       Harriman and
       Company Toll Brothers, Inc. 450,000 USD $450,000 1.000% Quarterly Dec 2022 $(3,989 ) $4,055 $66
Toll Brothers Finance
JPMorgan Chase Bank Corp. 450,000 USD 450,000 1.000% Quarterly Dec 2022 (4,048 ) 4,114 66
$900,000 $(8,037 ) $8,169 $132

112



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

Credit default swaps - Buyer (continued)

Unamortized
upfront
USD Pay Fixed payment Unrealized
Counterparty (OTC)/ Reference Notional notional fixed payment Maturity paid appreciation
Centrally cleared     obligation     amount     Currency     amount     rate     frequency     date     (received)     (depreciation)     Value
Centrally cleared CDX.NA.HY.30 4,270,000 USD $ 4,270,000 5.000% Quarterly Jun 2023       $ (258,646 )            $ (6,808 ) $ (265,454 )
$ 4,270,000 $ (258,646 ) $ (6,808 ) $ (265,454 )
$ 5,170,000 $ (266,683 ) $ 1,361 $ (265,322 )

Credit default swaps - Seller

Unamortized
Implied USD Fixed upfront Unrealized
Counterparty (OTC)/ Reference credit Notional notional Received payment Maturity payment paid appreciation
Centrally cleared    obligation    spread     amount     Currency     amount     fixed rate     frequency     date    (received)     (depreciation)     Value
Centrally cleared CDX.NA.IG.29 1.037% 900,000 USD  $ 900,000 1.000% Quarterly Dec 2027             $ 1,614            $ (3,977 ) $ (2,363 )
$ 900,000 $ 1,614 $ (3,977 ) $ (2,363 )

Derivatives Currency Abbreviations

CAD         Canadian Dollar
EUR Euro
USD U.S. Dollar

OTC is an abbreviation for over-the-counter. See Notes to Portfolio of Investments regarding investment transactions and other derivatives information.

International Equity Index Trust

Shares or
Principal
      Amount       Value
COMMON STOCKS – 96.2%
Australia – 4.5%
AGL Energy, Ltd. 24,640 $ 412,982
Alumina, Ltd. 94,472 173,340
Amcor, Ltd. 43,247 473,569
AMP, Ltd. 102,336 394,933
APA Group 44,410 270,411
Aristocrat Leisure, Ltd. 18,777 350,576
ASX, Ltd. 6,730 291,662
Aurizon Holdings, Ltd. 76,706 251,649
AusNet Services 73,275 94,779
Australia & New Zealand Banking
       Group, Ltd. (A) 105,235 2,190,291
Bank of Queensland, Ltd. 15,271 129,626
Bendigo & Adelaide Bank, Ltd. 18,165 138,306
BHP Billiton PLC 76,119 1,504,353
BHP Billiton, Ltd. 114,915 2,547,147
BlueScope Steel, Ltd. 19,055 224,185
Boral, Ltd. 42,857 247,212
Brambles, Ltd. 57,039 440,219
Caltex Australia, Ltd. 9,411 228,603
Challenger, Ltd. 22,963 205,652
CIMIC Group, Ltd. 3,702 127,414
Coca-Cola Amatil, Ltd. 21,130 141,493
Cochlear, Ltd. 2,020 283,704
Commonwealth Bank of Australia (A) 62,568 3,498,913
Computershare, Ltd. 16,916 226,851
Crown Resorts, Ltd. 14,067 138,153
CSL, Ltd. 16,228 1,955,125
Dexus 37,475 269,848
Domino’s Pizza Enterprises, Ltd. (A) 2,059 66,346
Flight Centre Travel Group, Ltd. (A) 2,493 109,746
Fortescue Metals Group, Ltd. 54,593 183,906
Goodman Group 67,542 439,166
Harvey Norman Holdings, Ltd. (A) 19,515 55,796
Healthscope, Ltd. 65,916 98,763
Incitec Pivot, Ltd. 65,708 178,826
Insurance Australia Group, Ltd. 84,827 491,142
LendLease Group 20,344 272,752
Macquarie Group, Ltd. 11,760 937,708
Medibank Pvt., Ltd. 94,782 212,741
Mirvac Group 125,759 208,997
National Australia Bank, Ltd. (A) 96,261 2,125,108
Newcrest Mining, Ltd. 28,639 431,950
Oil Search, Ltd. 47,003 261,088
Orica, Ltd. 13,519 186,084
Origin Energy, Ltd. (B) 61,127 412,520
QBE Insurance Group, Ltd. 49,037 365,851
Ramsay Health Care, Ltd. 5,011 241,420
REA Group, Ltd. 2,146 131,758
Santos, Ltd. (B) 71,735 282,924
Scentre Group 186,697 550,924
SEEK, Ltd. 11,910 171,782
Sonic Healthcare, Ltd. 14,720 260,458
South32, Ltd. 112,851 283,614
South32, Ltd. (London Stock Exchange) 74,597 184,842
Stockland 83,286 258,428
Suncorp Group, Ltd. 45,133 465,477
Sydney Airport 39,872 206,727
Tabcorp Holdings, Ltd. 75,725 256,791
Telstra Corp., Ltd. 148,535 359,555
The GPT Group 65,090 238,555
TPG Telecom, Ltd. (A) 12,963 55,077
Transurban Group 79,260 698,963
Treasury Wine Estates, Ltd. 26,341 344,151
Vicinity Centres 127,154 236,341
Wesfarmers, Ltd. 39,907 1,278,812
Westfield Corp. 73,464 481,860
Westpac Banking Corp. (A) 121,386 2,688,629
Woodside Petroleum, Ltd. 32,822 744,314
Woolworths Group, Ltd. 47,373 961,531
35,632,419
Austria – 0.2%
ANDRITZ AG (A) 2,752 153,886
Erste Group Bank AG 11,010 553,510

113



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Austria (continued)
OMV AG 5,543 $ 323,307
Raiffeisen Bank International AG (B) 4,926 191,866
voestalpine AG 4,357 228,556
1,451,125
Belgium – 0.8%
Ageas 7,799 402,464
Anheuser-Busch InBev SA 27,018 2,970,545
Colruyt SA 2,769 153,263
Groupe Bruxelles Lambert SA 3,135 358,561
KBC Group NV 8,597 748,618
Proximus SADP 5,996 186,429
Solvay SA 2,881 400,401
Telenet Group Holding NV (B) 2,144 143,316
UCB SA 4,152 338,132
Umicore SA 6,530 345,928
6,047,657
Brazil – 1.2%
Ambev SA 163,730 1,193,712
Atacadao Distribuicao Comercio e
       Industria Ltda (B) 13,900 63,154
B3 SA - Brasil Bolsa Balcao 72,207 583,745
Banco Bradesco SA 33,609 391,627
Banco do Brasil SA 30,113 374,241
Banco Santander Brasil SA 14,000 169,241
BB Seguridade Participacoes SA 24,400 216,326
BR Malls Participacoes SA 28,116 99,214
Braskem SA, ADR 1,584 45,920
BRF SA (B) 19,720 136,367
CCR SA 40,100 151,827
Centrais Eletricas Brasileiras SA (B) 11,900 75,694
Centrais Eletricas Brasileiras SA, ADR 1,429 10,389
Cia Brasileira de Distribuicao, ADR 628 12,686
Cia de Saneamento Basico do Estado de
       Sao Paulo 11,270 119,478
Cia Siderurgica Nacional SA (B) 16,100 42,914
Cia Siderurgica Nacional SA, ADR (B) 11,800 31,034
Cielo SA 44,260 277,375
Cosan SA Industria e Comercio 7,211 90,666
EDP - Energias do Brasil SA 11,126 44,855
Embraer SA 10,800 70,496
Embraer SA, ADR 2,626 68,276
Engie Brasil Energia SA 7,500 88,961
Equatorial Energia SA 6,700 145,103
Fibria Celulose SA 3,172 62,480
Fibria Celulose SA, ADR 6,862 133,809
Hypera SA 14,208 155,617
JBS SA 28,673 81,204
Klabin SA 24,000 150,479
Kroton Educacional SA 47,780 196,825
Localiza Rent a Car SA 17,562 152,775
Lojas Renner SA 26,570 276,448
M Dias Branco SA 4,800 74,164
Multiplan Empreendimentos
       Imobiliarios SA 3,325 69,170
Natura Cosmeticos SA 6,500 63,003
Odontoprev SA 8,800 39,796
Petroleo Brasileiro SA (B) 106,229 751,642
Porto Seguro SA 4,419 64,998
Qualicorp SA 7,376 49,777
Raia Drogasil SA 8,100 183,519
Rumo SA (B) 38,235 152,294
Sul America SA 7,299 48,528
Suzano Papel e Celulose SA 13,400 135,402
Telefonica Brasil SA, ADR 6,017 92,421
TIM Participacoes SA 28,020 122,215
Transmissora Alianca de Energia
       Eletrica SA 8,900 58,579
Ultrapar Participacoes SA 12,700 272,815
Vale SA 111,197 1,421,686
WEG SA 18,660 127,793
9,440,740
Canada – 6.2%
Agnico Eagle Mines, Ltd. 8,900 374,417
Alimentation Couche-Tard, Inc., Class B 15,800 707,250
AltaGas, Ltd. (A) 7,300 135,081
ARC Resources, Ltd. 15,000 163,465
Atco, Ltd., Class I 3,100 99,568
Bank of Montreal 23,200 1,752,493
Barrick Gold Corp. 42,340 527,463
BCE, Inc. 5,824 250,617
BlackBerry, Ltd. (B) 19,900 228,757
Bombardier, Inc., Class B (B) 75,600 220,049
Brookfield Asset Management, Inc.,
       Class A 31,748 1,237,540
CAE, Inc. 10,400 193,575
Cameco Corp. 15,500 140,882
Canadian Imperial Bank of
       Commerce (A) 15,700 1,385,807
Canadian National Railway Company 26,900 1,966,006
Canadian Natural Resources, Ltd. 39,960 1,256,165
Canadian Pacific Railway, Ltd. 5,300 934,653
Canadian Tire Corp., Ltd., Class A (A) 2,500 328,715
Canadian Utilities, Ltd., Class A 5,100 136,135
CCL Industries, Inc., Class B 5,200 262,513
Cenovus Energy, Inc. 40,300 343,145
CGI Group, Inc., Class A (B) 9,400 542,104
CI Financial Corp. (A) 10,300 220,654
Constellation Software, Inc. 800 542,803
Crescent Point Energy Corp. (A) 21,400 145,507
Dollarama, Inc. 4,000 486,141
Element Fleet Management Corp. 19,600 63,135
Emera, Inc. (A) 2,400 75,930
Empire Company, Ltd., Class A 7,200 144,520
Enbridge, Inc. 59,400 1,868,194
Encana Corp. 36,100 397,048
Fairfax Financial Holdings, Ltd. 1,000 506,904
Finning International, Inc. 6,800 163,990
First Capital Realty, Inc. 6,600 104,250
First Quantum Minerals, Ltd. 25,554 358,809
Fortis, Inc. (A) 15,600 526,599
Franco-Nevada Corp. 6,900 470,765
George Weston, Ltd. 2,000 161,012
Gildan Activewear, Inc. 8,400 242,608
Goldcorp, Inc. 32,584 449,932
Great-West Lifeco, Inc. 11,200 285,835
H&R Real Estate Investment Trust (A) 6,200 101,204
Husky Energy, Inc. 13,897 198,906
Hydro One, Ltd. (C) 11,600 188,359
IGM Financial, Inc. (A) 3,500 102,336
Imperial Oil, Ltd. (A) 11,130 294,761
Industrial Alliance Insurance & Financial
       Services, Inc. 4,100 168,665
Intact Financial Corp. 5,200 390,742
Inter Pipeline, Ltd. 14,100 244,713
Keyera Corp. 8,100 210,681
Kinross Gold Corp. (B) 48,929 193,308
Linamar Corp. 2,100 114,719
Loblaw Companies, Ltd. 8,140 411,249
Lundin Mining Corp. 26,800 175,775

114



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Canada (continued)
Magna International, Inc. 13,100 $ 737,895
Manulife Financial Corp. (D) 71,400 1,325,640
Methanex Corp. 3,500 212,035
Metro, Inc. 8,600 274,351
National Bank of Canada 12,400 583,643
Nutrien, Ltd. 23,390 1,105,458
Onex Corp. (A) 3,100 223,582
Open Text Corp. 9,800 340,929
Pembina Pipeline Corp. 18,298 570,947
Power Corp. of Canada 13,200 301,222
Power Financial Corp. 9,300 232,870
PrairieSky Royalty, Ltd. (A) 8,347 182,509
Restaurant Brands International, Inc. 8,446 480,662
RioCan Real Estate Investment Trust (A) 6,300 115,599
Rogers Communications, Inc., Class B 13,100 585,069
Royal Bank of Canada (A) 52,000 4,016,797
Saputo, Inc. 9,100 292,067
Seven Generations Energy, Ltd.,
       Class A (B) 9,900 122,948
Shaw Communications, Inc., Class B 16,400 315,945
Shopify, Inc., Class A (B) 3,300 410,646
SmartCentres Real Estate Investment
       Trust (A) 3,100 70,044
SNC-Lavalin Group, Inc. 6,500 285,408
Sun Life Financial, Inc. 22,100 907,604
Suncor Energy, Inc. 59,335 2,048,988
Teck Resources, Ltd., Class B 20,961 539,827
TELUS Corp. 7,600 266,872
The Bank of Nova Scotia 42,900 2,642,561
The Jean Coutu Group, Inc., Class A 3,900 74,346
The Toronto-Dominion Bank 66,000 3,745,302
Thomson Reuters Corp. 11,077 428,085
Tourmaline Oil Corp. 9,700 164,509
TransCanada Corp. (A) 31,400 1,298,554
Turquoise Hill Resources, Ltd. (B) 40,020 122,388
Vermilion Energy, Inc. (A) 4,800 154,765
West Fraser Timber Company, Ltd. (A) 2,700 179,413
Wheaton Precious Metals Corp. 16,900 344,336
48,900,270
Chile – 0.3%
Antofagasta PLC 15,103 195,264
Banco Santander Chile, ADR 13,061 437,674
Cencosud SA 61,383 188,205
Cia Cervecerias Unidas SA, ADR 6,197 182,254
Enel Americas SA, ADR 37,802 439,259
Enel Chile SA, ADR 26,429 169,146
Enel Generacion Chile SA, ADR 6,770 161,058
Itau CorpBanca (A) 2,999 43,935
Latam Airlines Group SA, ADR 11,197 172,322
Sociedad Quimica y Minera de
       Chile SA, ADR 4,454 218,914
2,208,031
China – 6.6%
3SBio, Inc. (A)(B)(C) 33,000 75,165
58.com, Inc., ADR (B) 3,000 239,580
AAC Technologies Holdings, Inc. 27,342 501,030
Agile Group Holdings, Ltd. 54,000 112,613
Agricultural Bank of China, Ltd.,
       H Shares 945,000 542,660
Air China, Ltd., H Shares 84,534 109,170
Alibaba Group Holding, Ltd., ADR (B) 41,000 7,525,140
Aluminum Corp. of China, Ltd., H
       Shares (A)(B) 185,220 104,610
Anhui Conch Cement Company, Ltd.,
       H Shares 56,790 312,513
ANTA Sports Products, Ltd. 43,000 219,507
Autohome, Inc., ADR 1,700 146,098
AviChina Industry & Technology
       Company, Ltd., H Shares 72,000 51,151
Baidu, Inc., ADR (B) 9,900 2,209,581
Bank of China, Ltd., H Shares 2,759,563 1,507,437
Bank of Communications
       Company, Ltd., H Shares 337,527 266,846
Beijing Capital International Airport
       Company, Ltd., H Shares 52,789 71,296
BYD Company, Ltd., H Shares 24,105 191,946
CGN Power Company, Ltd., H
       Shares (C) 446,000 116,029
China Cinda Asset Management
       Company, Ltd., H Shares 304,800 111,598
China CITIC Bank Corp., Ltd., H Shares 310,800 214,445
China Communications
       Construction Company, Ltd., H Shares 152,335 157,527
China Communications Services Corp.,
       Ltd., H Shares 129,600 77,982
China Conch Venture Holdings, Ltd. 46,400 142,386
China Construction Bank Corp.,
       H Shares 3,007,914 3,141,778
China Everbright Bank Company, Ltd.,
       H Shares 120,000 58,138
China Evergrande Group (B) 111,959 357,857
China Galaxy Securities Company, Ltd.,
       H Shares 129,500 86,938
China Huarong Asset Management
       Company, Ltd., H Shares (C) 351,700 149,082
China Huishan Dairy Holdings
       Company, Ltd. (B)(E) 225,000 0
China Life Insurance Company, Ltd.,
       H Shares 258,624 723,059
China Longyuan Power Group Corp.,
       Ltd., H Shares 99,000 76,456
China Medical System Holdings, Ltd. 37,300 85,450
China Merchants Bank Company, Ltd.,
       H Shares (A) 130,823 543,029
China Minsheng Banking Corp., Ltd.,
       H Shares 202,080 198,199
China Molybdenum Company, Ltd.,
       H Shares 129,000 98,861
China National Building Material
       Company, Ltd., H Shares (A) 116,000 127,632
China Oilfield Services, Ltd., H Shares 56,000 58,746
China Pacific Insurance Group
       Company, Ltd., H Shares 90,500 410,663
China Petroleum & Chemical Corp.,
       H Shares 881,361 781,840
China Railway Construction Corp., Ltd.,
       H Shares 67,500 67,926
China Railway Group, Ltd., H Shares 179,000 124,665
China Resources Pharmaceutical
       Group, Ltd. (C) 66,000 92,837
China Shenhua Energy Company, Ltd.,
       H Shares 127,500 319,991
China Southern Airlines Company, Ltd.,
       H Shares 64,000 66,884
China Telecom Corp., Ltd., H Shares 481,604 213,607
China Vanke Company, Ltd., H Shares 45,400 209,050
Chongqing Rural Commercial Bank
       Company, Ltd., H Shares 88,000 68,025

115



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
China (continued)
CITIC Securities Company, Ltd.,
       H Shares 75,500 $ 174,984
CNOOC, Ltd. 621,258 919,890
Country Garden Holdings Company, Ltd. 237,574 496,009
CRRC Corp., Ltd., H Shares 164,150 140,823
CSPC Pharmaceutical Group, Ltd. 164,000 442,064
Ctrip.com International, Ltd., ADR (B) 14,300 666,666
Dongfeng Motor Group Company, Ltd.,
       H Shares 123,220 143,852
ENN Energy Holdings, Ltd. 26,000 233,712
Fosun International, Ltd. 102,500 224,892
Fuyao Glass Industry Group
       Company, Ltd., H Shares (C) 16,800 64,984
Geely Automobile Holdings, Ltd. 179,000 524,513
GF Securities Company, Ltd., H Shares 47,800 88,537
GOME Retail Holdings, Ltd. (A) 386,127 42,041
Great Wall Motor Company, Ltd.,
       H Shares 123,000 124,660
Guangzhou Automobile Group
       Company, Ltd., H Shares 101,650 188,799
Guangzhou R&F Properties
       Company, Ltd., H Shares 43,600 110,271
Haitian International Holdings, Ltd. 29,000 88,176
Haitong Securities Company, Ltd.,
       H Shares 113,200 150,778
Hengan International Group
       Company, Ltd. 25,000 233,056
Huaneng Power International, Inc.,
       H Shares 149,436 100,952
Huaneng Renewables Corp., Ltd.,
       H Shares 226,000 85,096
Huatai Securities Company, Ltd., H
       Shares (C) 65,400 126,903
Industrial & Commercial Bank of
       China, Ltd., H Shares 2,570,735 2,240,360
JD.com, Inc., ADR (B) 23,800 963,662
Jiangsu Expressway Company, Ltd.,
       H Shares 41,145 58,417
Jiangxi Copper Company, Ltd., H Shares 54,075 77,880
Kingsoft Corp., Ltd. (A) 23,000 74,094
Lenovo Group, Ltd. 217,436 111,834
Longfor Properties Company, Ltd. 53,600 165,265
Minth Group, Ltd. 22,000 100,938
Momo, Inc., ADR (B) 2,900 108,402
NetEase, Inc., ADR 2,800 785,092
New China Life Insurance
       Company, Ltd., H Shares 24,900 117,652
New Oriental Education & Technology
       Group, Inc., ADR 4,900 429,485
PetroChina Company, Ltd., H Shares 734,261 510,031
PICC Property & Casualty
       Company, Ltd., H Shares 168,242 297,288
Ping An Insurance Group Company of
       China, Ltd., H Shares 182,790 1,884,689
Semiconductor Manufacturing
       International Corp. (A)(B) 83,900 111,013
Shandong Weigao Group Medical
       Polymer Company, Ltd., H Shares 80,000 53,561
Shanghai Electric Group Company, Ltd.,
       H Shares (A)(B) 144,864 50,405
Shanghai Fosun Pharmaceutical Group
       Company, Ltd., H Shares 13,000 80,537
Shanghai Pharmaceuticals Holding
       Company, Ltd., H Shares 22,600 60,835
Shenzhou International Group
       Holdings, Ltd. 24,000 254,277
Sihuan Pharmaceutical Holdings
       Group, Ltd. 175,000 52,331
SINA Corp. (B) 1,900 198,113
Sino-Ocean Group Holding, Ltd. 177,213 129,764
Sinopec Shanghai Petrochemical
       Company, Ltd., H Shares 119,901 73,265
Sinopharm Group Company, Ltd.,
       H Shares 39,200 196,464
SOHO China, Ltd. 140,000 73,741
Sunac China Holdings, Ltd. 85,000 334,024
Sunny Optical Technology Group
       Company, Ltd. 23,900 448,467
TAL Education Group, ADR 10,400 385,736
Tencent Holdings, Ltd. 202,600 10,875,481
The People’s Insurance Company Group
       of China, Ltd., H Shares 226,000 106,886
Tingyi Cayman Islands Holding Corp. 76,000 157,990
TravelSky Technology, Ltd., H Shares 31,000 90,548
Tsingtao Brewery Company, Ltd.,
       H Shares 12,000 63,021
Vipshop Holdings, Ltd., ADR (B) 13,500 224,370
Want Want China Holdings, Ltd. 243,000 195,497
Weibo Corp., ADR (B) 1,890 225,931
Weichai Power Company, Ltd., H Shares 78,720 89,028
Yangzijiang Shipbuilding Holdings, Ltd. 99,600 92,766
Yanzhou Coal Mining Company, Ltd.,
       H Shares 85,990 111,133
Yum China Holdings, Inc. 13,700 568,550
YY, Inc., ADR (B) 1,400 147,280
Zhejiang Expressway Company, Ltd.,
       H Shares 49,718 50,990
Zhuzhou CRRC Times Electric
       Company, Ltd., H Shares 18,000 87,662
Zijin Mining Group Company, Ltd.,
       H Shares 285,469 129,947
ZTE Corp., H Shares (B) 25,887 85,247
52,168,630
Colombia – 0.1%
Bancolombia SA, ADR 15,325 643,957
Ecopetrol SA, ADR 8,500 164,305
808,262
Czech Republic – 0.1%
CEZ AS 6,817 169,783
Komercni banka AS 3,440 156,900
Moneta Money Bank AS (C) 22,079 91,455
418,138
Denmark – 1.2%
A.P. Moller - Maersk A/S, Series A 150 220,985
A.P. Moller - Maersk A/S, Series B 245 382,342
Carlsberg A/S, Class B 3,881 463,371
Chr. Hansen Holding A/S 3,392 293,568
Coloplast A/S, B Shares 4,165 353,262
Danske Bank A/S 26,359 987,627
DSV A/S 6,834 539,533
Genmab A/S (B) 2,092 450,711
H Lundbeck A/S 2,300 129,183
ISS A/S 6,590 244,749
Novo Nordisk A/S, B Shares 66,905 3,290,780
Novozymes A/S, B Shares 8,505 442,773
Orsted A/S (C) 7,108 462,460
Pandora A/S (A) 4,042 437,329
TDC A/S (B) 31,300 259,370

116



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Denmark (continued)
Tryg A/S 4,500 $ 104,846
Vestas Wind Systems A/S (A) 8,020 573,847
William Demant Holding A/S (B) 5,000 186,251
9,822,987
Egypt – 0.0%
Commercial International Bank
       Egypt SAE 41,265 208,657
Global Telecom Holding SAE (B) 14,348 5,286
213,943
Finland – 0.7%
Elisa OYJ 6,060 274,090
Fortum OYJ 16,798 360,872
Kone OYJ, Class B 11,934 595,601
Metso OYJ 4,686 147,846
Neste OYJ 4,388 305,427
Nokia OYJ 209,775 1,158,452
Nokian Renkaat OYJ 3,680 167,125
Orion OYJ, Class B 3,379 103,440
Sampo OYJ, A Shares 15,692 874,245
Stora Enso OYJ, R Shares 20,482 376,590
UPM-Kymmene OYJ 19,972 740,440
Wartsila OYJ ABP 15,222 336,336
5,440,464
France – 7.1%
Accor SA (A) 6,835 369,260
Aeroports de Paris 1,056 230,062
Air Liquide SA 15,237 1,869,851
Airbus SE 20,662 2,391,789
Alstom SA 6,025 271,743
Amundi SA (C) 2,111 169,529
Arkema SA 2,540 331,595
Atos SE 3,543 485,424
AXA SA 69,604 1,850,286
BioMerieux 1,446 119,092
BNP Paribas SA 40,345 2,992,017
Bollore SA 31,521 168,146
Bollore SA (B) 180 959
Bouygues SA 8,158 409,028
Bureau Veritas SA 10,005 260,071
Capgemini SE 5,748 717,205
Carrefour SA 20,711 429,544
Casino Guichard Perrachon SA (A) 1,872 91,688
Cie de Saint-Gobain 18,327 967,759
Cie Generale des Etablissements
       Michelin SCA 6,094 902,173
CNP Assurances 6,491 163,860
Credit Agricole SA 40,674 663,191
Danone SA 21,718 1,760,947
Dassault Aviation SA 98 187,221
Dassault Systemes SE 4,648 632,098
Edenred 8,291 288,382
Eiffage SA 2,687 306,026
Electricite de France SA 20,485 296,593
Engie SA 64,527 1,077,505
Essilor International Cie Generale
       d’Optique SA 7,546 1,017,961
Eurazeo SA 1,597 147,047
Eutelsat Communications SA 6,171 122,312
Faurecia SA 2,651 214,509
Fonciere Des Regions 1,191 131,389
Gecina SA 1,877 325,719
Getlink SE 16,415 234,338
Hermes International 1,132 670,995
ICADE 1,225 118,929
Iliad SA 1,034 214,063
Imerys SA 1,510 146,748
Ingenico Group SA 2,324 188,633
Ipsen SA 1,496 232,532
JCDecaux SA 2,889 100,466
Kering SA 2,716 1,302,642
Klepierre SA 8,393 338,299
Lagardere SCA 4,134 118,084
Legrand SA 9,509 746,084
L’Oreal SA 9,054 2,044,926
LVMH Moet Hennessy Louis Vuitton SE 10,014 3,086,050
Natixis SA 35,715 293,053
Orange SA 72,209 1,227,399
Pernod Ricard SA 7,611 1,267,295
Peugeot SA 21,593 519,947
Publicis Groupe SA 7,283 507,129
Remy Cointreau SA 908 129,521
Renault SA 7,048 855,260
Rexel SA 12,161 206,004
Safran SA 11,936 1,266,765
Sanofi 40,628 3,259,998
Schneider Electric SE 19,841 1,747,228
Schneider Electric SE (London
       Stock Exchange) 623 55,074
SCOR SE 6,512 265,854
SEB SA 927 177,307
Societe BIC SA 1,119 111,235
Societe Generale SA 27,684 1,503,530
Sodexo SA 3,211 323,181
Suez 13,406 194,252
Teleperformance 2,017 312,790
Thales SA 3,838 467,559
TOTAL SA 85,998 4,929,383
Ubisoft Entertainment SA (B) 2,202 186,360
Unibail-Rodamco SE 3,595 821,184
Valeo SA 8,552 565,716
Veolia Environnement SA 17,413 413,688
Vinci SA 18,148 1,787,491
Vivendi SA 37,784 979,922
Wendel SA 986 153,749
56,432,644
Germany – 6.1%
1&1 Drillisch AG 1,851 124,891
adidas AG 6,795 1,653,208
Allianz SE 16,060 3,630,482
Axel Springer SE 1,955 163,542
BASF SE 32,520 3,298,096
Bayer AG 29,548 3,331,060
Bayerische Motoren Werke AG 11,858 1,289,793
Beiersdorf AG 3,496 396,194
Brenntag AG 5,855 348,561
Commerzbank AG (B) 37,723 489,733
Continental AG 3,883 1,072,530
Covestro AG (C) 5,968 587,652
Daimler AG 34,145 2,909,158
Deutsche Bank AG 73,967 1,031,875
Deutsche Boerse AG 7,052 964,033
Deutsche Lufthansa AG 9,032 288,731
Deutsche Post AG 34,717 1,520,582
Deutsche Telekom AG 119,710 1,958,542
Deutsche Wohnen SE 12,449 580,870
E.ON SE 77,734 863,788
Evonik Industries AG 6,088 214,684
Fraport AG Frankfurt Airport
       Services Worldwide 1,636 161,461

117



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Germany (continued)
Fresenius Medical Care AG &
       Company KGaA 7,874 $ 804,194
Fresenius SE & Company KGaA 14,863 1,136,498
GEA Group AG 7,004 297,858
Hannover Rueck SE 2,322 316,796
HeidelbergCement AG 5,228 513,610
Henkel AG & Company KGaA 3,884 489,321
HOCHTIEF AG 698 130,477
HUGO BOSS AG 2,319 202,024
Infineon Technologies AG 40,746 1,095,793
Innogy SE (C) 5,057 239,698
K+S AG 6,726 194,261
KION Group AG 2,424 226,307
LANXESS AG 3,216 246,526
Linde AG (B) 6,626 1,400,137
MAN SE 2,251 262,488
Merck KGaA 4,647 445,871
METRO AG 6,304 111,520
MTU Aero Engines AG 1,815 305,896
Muenchener
       Rueckversicherungs-Gesellschaft AG 5,524 1,284,560
OSRAM Licht AG 3,780 278,160
ProSiebenSat.1 Media SE 8,326 288,384
RWE AG 18,337 453,258
SAP SE 35,114 3,686,337
Siemens AG 27,325 3,486,600
Symrise AG 4,236 341,081
Telefonica Deutschland Holding AG 27,806 130,658
thyssenkrupp AG 16,095 420,275
TUI AG 17,680 379,122
Uniper SE 6,933 211,284
United Internet AG 4,503 283,737
Volkswagen AG 1,096 219,365
Vonovia SE 17,716 878,534
Wirecard AG 4,098 485,784
Zalando SE (B) 4,151 226,515
48,352,395
Greece – 0.1%
Alpha Bank AE (B) 53,207 113,638
Eurobank Ergasias SA (B) 62,351 59,289
FF Group (B) 1,869 36,381
Hellenic Telecommunications
       Organization SA 8,503 115,264
JUMBO SA 5,651 101,100
National Bank of Greece SA (B) 184,167 59,587
OPAP SA 8,113 92,986
Piraeus Bank SA (B) 10,989 34,991
Titan Cement Company SA 2,489 61,961
675,197
Hong Kong – 3.3%
AIA Group, Ltd. 427,600 3,655,415
Alibaba Health Information
       Technology, Ltd. (A)(B) 84,000 42,053
Alibaba Pictures Group, Ltd. (A)(B) 350,000 45,778
ASM Pacific Technology, Ltd. 10,700 150,745
Beijing Enterprises Holdings, Ltd. 19,786 104,195
Beijing Enterprises Water
       Group, Ltd. (B) 152,000 85,522
BOC Hong Kong Holdings, Ltd. 134,328 658,984
Brilliance China Automotive
       Holdings, Ltd. 94,000 198,461
China Everbright International, Ltd. 86,000 121,430
China Everbright, Ltd. 32,216 68,052
China Gas Holdings, Ltd. 74,000 271,297
China Jinmao Holdings Group, Ltd. 224,000 129,276
China Mengniu Dairy Company, Ltd. (B) 89,004 307,160
China Merchants Port Holdings
       Company, Ltd. 44,745 99,426
China Mobile, Ltd. 220,530 2,021,245
China Overseas Land & Investment, Ltd. 142,882 501,057
China Resources Beer Holdings
       Company, Ltd. 65,979 287,618
China Resources Gas Group, Ltd. 36,000 125,892
China Resources Land, Ltd. 110,964 407,755
China Resources Power Holdings
       Company, Ltd. 68,244 125,121
China State Construction International
       Holdings, Ltd. 71,250 87,503
China Taiping Insurance Holdings
       Company, Ltd. 60,500 203,234
China Unicom Hong Kong, Ltd. (B) 215,982 276,306
CITIC, Ltd. 191,967 270,320
CK Asset Holdings, Ltd. 92,665 782,007
CK Hutchison Holdings, Ltd. 96,663 1,161,432
CK Infrastructure Holdings, Ltd. 24,772 203,039
CLP Holdings, Ltd. 59,900 610,741
COSCO SHIPPING Ports, Ltd. 93,577 79,004
Far East Horizon, Ltd. 89,000 94,528
First Pacific Company, Ltd. 92,250 50,136
Fullshare Holdings, Ltd. (A)(B) 242,400 134,409
Galaxy Entertainment Group, Ltd. 86,000 789,367
GCL-Poly Energy Holdings, Ltd. (B) 591,000 73,858
Guangdong Investment, Ltd. 99,220 157,191
Haier Electronics Group
       Company, Ltd. (B) 37,000 132,651
Hanergy Thin Film Power
       Group, Ltd. (B)(E) 428,695 11,744
Hang Lung Group, Ltd. 30,000 98,384
Hang Lung Properties, Ltd. 74,326 174,445
Hang Seng Bank, Ltd. 27,819 646,363
Henderson Land Development
       Company, Ltd. 45,723 299,809
HK Electric Investments & HK Electric
       Investments, Ltd. (C) 88,500 85,817
HKT Trust & HKT, Ltd. 145,233 183,107
Hong Kong & China Gas Company, Ltd. 296,796 611,626
Hong Kong Exchanges &
       Clearing, Ltd. (A) 40,917 1,347,685
Hongkong Land Holdings, Ltd. 44,100 304,688
Hysan Development Company, Ltd. 24,415 129,567
Jardine Matheson Holdings, Ltd. 8,000 493,011
Jardine Strategic Holdings, Ltd. 8,100 311,394
Kerry Properties, Ltd. 21,438 96,942
Kingboard Chemical Holdings, Ltd. 22,500 104,022
Kingston Financial Group, Ltd. (A) 142,000 63,876
Kunlun Energy Company, Ltd. 118,000 102,479
Li & Fung, Ltd. 211,600 104,314
Link REIT 77,244 662,114
Melco Resorts &
       Entertainment, Ltd., ADR 9,485 274,875
MTR Corp., Ltd. 51,783 279,533
New World Development Company, Ltd. 227,476 324,211
Nine Dragons Paper Holdings, Ltd. 81,000 122,764
NWS Holdings, Ltd. 58,117 105,857
PCCW, Ltd. 181,876 105,555
Power Assets Holdings, Ltd. 49,082 438,468
Shanghai Industrial Holdings, Ltd. 33,930 89,040
Shangri-La Asia, Ltd. 70,102 142,339
Shimao Property Holdings, Ltd. 64,000 183,558

118



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Hong Kong (continued)
Sino Biopharmaceutical, Ltd. 148,000 $ 294,134
Sino Land Company, Ltd. 105,956 171,739
SJM Holdings, Ltd. 83,000 72,716
Sun Art Retail Group, Ltd. 86,000 100,638
Sun Hung Kai Properties, Ltd. 52,130 827,458
Swire Pacific, Ltd., Class A 18,163 183,929
Swire Properties, Ltd. 43,628 153,448
Techtronic Industries Company, Ltd. 49,000 287,585
The Bank of East Asia, Ltd. 41,252 165,293
The Wharf Holdings, Ltd. 46,876 162,298
WH Group, Ltd. (C) 327,303 350,701
Wharf Real Estate Investment
       Company, Ltd. (B) 46,876 306,400
Wheelock & Company, Ltd. 27,000 198,046
Yue Yuen Industrial Holdings, Ltd. 31,567 126,472
25,810,652
Hungary – 0.1%
MOL Hungarian Oil & Gas PLC 12,392 135,205
OTP Bank PLC 9,034 405,915
Richter Gedeon Nyrt 4,794 100,183
641,303
India – 2.0%
ACC, Ltd. 1,580 36,568
Adani Ports & Special Economic
       Zone, Ltd. 28,840 158,559
Ambuja Cements, Ltd. 22,913 82,959
Ashok Leyland, Ltd. 52,290 117,432
Asian Paints, Ltd. 10,113 174,322
Aurobindo Pharma, Ltd. 9,153 79,490
Axis Bank, Ltd. 65,325 515,507
Bajaj Auto, Ltd. 2,923 123,820
Bajaj Finance, Ltd. 5,420 148,611
Bajaj Finserv, Ltd. 1,261 98,875
Bharat Forge, Ltd. 9,316 100,622
Bharat Heavy Electricals, Ltd. 30,897 38,833
Bharat Petroleum Corp., Ltd. 27,177 179,488
Bharti Airtel, Ltd. 42,144 258,698
Bharti Infratel, Ltd. 15,904 82,398
Bosch, Ltd. 253 70,888
Britannia Industries, Ltd. 1,006 76,999
Cadila Healthcare, Ltd. (B) 6,725 39,299
Cipla, Ltd. 12,134 101,832
Coal India, Ltd. 24,417 105,822
Dabur India, Ltd. 17,709 88,882
Dr. Reddy’s Laboratories, Ltd., ADR 6,754 220,788
Eicher Motors, Ltd. 425 186,652
GAIL India, Ltd., GDR 3,733 151,726
Glenmark Pharmaceuticals, Ltd. 4,541 36,827
Godrej Consumer Products, Ltd. 7,998 134,739
Grasim Industries, Ltd. 10,574 170,395
Havells India, Ltd. 11,177 84,211
HCL Technologies, Ltd. 18,977 281,570
Hero MotoCorp, Ltd. 1,675 91,212
Hindalco Industries, Ltd. 41,886 140,074
Hindustan Petroleum Corp., Ltd. 20,412 108,212
Hindustan Unilever, Ltd. 25,000 513,989
Housing Development Finance
       Corp., Ltd. 53,075 1,491,256
ICICI Bank, Ltd., ADR 52,063 460,758
Idea Cellular, Ltd. (B) 42,286 49,701
IDFC Bank, Ltd. 47,713 34,968
Indiabulls Housing Finance, Ltd. 10,065 192,862
Indian Oil Corp., Ltd. 38,494 105,175
Infosys, Ltd., ADR (A) 66,848 1,193,237
ITC, Ltd. 113,026 444,744
JSW Steel, Ltd. 33,031 146,893
Larsen & Toubro, Ltd. 16,660 336,660
LIC Housing Finance, Ltd. 9,991 82,967
Lupin, Ltd. 7,740 87,838
Mahindra & Mahindra Financial
       Services, Ltd. 12,958 91,663
Mahindra & Mahindra, Ltd., GDR 23,120 266,376
Marico, Ltd. 14,917 74,691
Maruti Suzuki India, Ltd. 3,626 494,987
Motherson Sumi Systems, Ltd. 24,871 119,494
Nestle India, Ltd. 776 97,918
NTPC, Ltd. 55,338 144,936
Oil & Natural Gas Corp., Ltd. 44,697 122,644
Petronet LNG, Ltd. 21,320 75,817
Piramal Enterprises, Ltd. 2,660 100,231
Power Finance Corp., Ltd. 22,218 29,238
Reliance Capital, Ltd., GDR (C) 4,327 28,083
Reliance Industries, Ltd., GDR (C) 45,832 1,246,456
Rural Electrification Corp., Ltd. 22,831 43,827
Shree Cement, Ltd. 276 68,321
Shriram Transport Finance
       Company, Ltd. 4,949 110,226
Siemens, Ltd. 3,361 55,593
State Bank of India, GDR 5,224 201,742
Sun Pharmaceutical Industries, Ltd. 29,344 225,198
Tata Consultancy Services, Ltd. 16,537 724,700
Tata Motors, Ltd. (B) 17,463 49,456
Tata Motors, Ltd., ADR (B) 16,666 428,316
Tata Steel, Ltd., GDR 11,000 95,825
Tech Mahindra, Ltd. 19,215 188,439
The Tata Power Company, Ltd. 38,886 47,195
Titan Company, Ltd. 10,263 146,495
UltraTech Cement, Ltd. 2,054 125,179
UltraTech Cement, Ltd., GDR (A) 1,026 62,137
United Spirits, Ltd. (B) 2,025 97,749
UPL, Ltd. 10,066 113,236
Vakrangee, Ltd. 14,851 51,703
Vedanta, Ltd., ADR 13,934 244,820
Wipro, Ltd., ADR (A) 65,498 337,970
Yes Bank, Ltd. 54,720 259,423
Zee Entertainment Enterprises, Ltd. 20,071 179,273
16,176,715
Indonesia – 0.5%
Adaro Energy Tbk PT 315,000 49,080
AKR Corporindo Tbk PT 101,000 41,827
Astra International Tbk PT 679,000 361,095
Bank Central Asia Tbk PT 360,900 613,092
Bank Danamon Indonesia Tbk PT 200,286 100,324
Bank Mandiri Persero Tbk PT 715,674 401,315
Bank Negara Indonesia Persero Tbk PT 276,500 175,105
Bank Rakyat Indonesia Persero Tbk PT 1,930,000 506,508
Berlian Laju Tanker Tbk PT (B)(E) 128,000 0
Bumi Serpong Damai Tbk PT 429,500 55,835
Charoen Pokphand Indonesia Tbk PT 276,000 69,309
Gudang Garam Tbk PT 26,000 137,298
Hanjaya Mandala Sampoerna Tbk PT 362,500 105,246
Indocement Tunggal Prakarsa Tbk PT 53,500 62,577
Indofood CBP Sukses Makmur Tbk PT 114,400 68,889
Indofood Sukses Makmur Tbk PT 147,500 77,328
Jasa Marga Persero Tbk PT (B) 123,300 41,206
Kalbe Farma Tbk PT 855,000 93,446
Matahari Department Store Tbk PT 88,500 70,690
Pakuwon Jati Tbk PT 1,217,900 55,973
Perusahaan Gas Negara Persero Tbk PT 480,500 80,811

119



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Indonesia (continued)
Semen Indonesia Persero Tbk PT 111,000 $ 83,715
Surya Citra Media Tbk PT 339,000 67,119
Telekomunikasi Indonesia Persero
       Tbk PT 1,932,500 508,161
Telekomunikasi Indonesia Persero Tbk
       PT, ADR 358 9,458
Tower Bersama Infrastructure Tbk PT 115,900 47,008
Unilever Indonesia Tbk PT 66,500 239,879
United Tractors Tbk PT 55,279 128,965
4,251,259
Ireland – 0.6%
AerCap Holdings NV (B) 5,178 262,628
AIB Group PLC 28,431 171,123
Bank of Ireland Group PLC (B) 28,441 248,253
CRH PLC 30,002 1,016,227
DCC PLC 3,202 295,022
Irish Bank Resolution Corp., Ltd. (B)(E) 38,483 0
James Hardie Industries PLC 15,679 278,264
Kerry Group PLC, Class A 5,738 579,686
Paddy Power Betfair PLC 2,701 277,435
Ryanair Holdings PLC, ADR (B) 1,872 229,975
Shire PLC 32,749 1,629,908
4,988,521
Isle of Man – 0.0%
GVC Holdings PLC 19,000 245,508
Israel – 0.3%
Azrieli Group, Ltd. 1,424 68,453
Bank Hapoalim BM 35,772 246,001
Bank Leumi Le-Israel BM 54,437 328,824
Bezeq The Israeli Telecommunication
       Corp., Ltd. 65,229 83,604
Check Point Software
       Technologies, Ltd. (B) 4,816 478,421
Elbit Systems, Ltd. 787 94,763
Frutarom Industries, Ltd. 1,283 117,969
Israel Chemicals, Ltd. 16,931 71,877
Mizrahi Tefahot Bank, Ltd. 5,543 106,181
Nice, Ltd. (B) 1,954 182,574
Teva Pharmaceutical Industries, Ltd. 33,126 565,229
2,343,896
Italy – 1.4%
Assicurazioni Generali SpA 44,210 849,816
Atlantia SpA 15,943 494,016
Davide Campari-Milano SpA 20,278 153,521
Enel SpA 289,660 1,772,493
Eni SpA 90,809 1,599,626
Ferrari NV 4,346 522,441
Intesa Sanpaolo SpA 480,613 1,749,916
Leonardo SpA 15,427 178,416
Luxottica Group SpA 5,802 360,447
Mediobanca Banca di Credito
       Finanziario SpA 22,013 258,794
Poste Italiane SpA (C) 17,531 160,135
Prysmian SpA 7,382 231,811
Recordati SpA 3,480 128,396
Snam SpA 82,228 377,987
Telecom Italia SpA (B) 424,333 402,902
Telecom Italia SpA 233,394 194,318
Terna Rete Elettrica Nazionale SpA 57,188 334,201
UniCredit SpA 71,728 1,499,198
UnipolSai Assicurazioni SpA 31,557 75,034
11,343,468
Japan – 16.5%
ABC-Mart, Inc. 1,400 92,195
Acom Company, Ltd. (A)(B) 19,400 87,118
Aeon Company, Ltd. 22,200 394,826
AEON Financial Service
       Company, Ltd. (A) 4,800 111,299
Aeon Mall Company, Ltd. 3,300 69,406
Air Water, Inc. 5,000 97,733
Aisin Seiki Company, Ltd. 6,300 343,810
Ajinomoto Company, Inc. 20,200 366,837
Alfresa Holdings Corp. 7,400 167,098
Alps Electric Company, Ltd. (A) 7,700 190,607
Amada Holdings Company, Ltd. 12,000 145,866
ANA Holdings, Inc. (A) 4,600 178,251
Aozora Bank, Ltd. 3,900 156,532
Asahi Glass Company, Ltd. 7,200 301,732
Asahi Group Holdings, Ltd. 14,200 763,656
Asahi Kasei Corp. 44,000 588,097
Asics Corp. (A) 5,900 109,893
Astellas Pharma, Inc. 72,600 1,110,489
Bandai Namco Holdings, Inc. 7,499 242,695
Benesse Holdings, Inc. 2,400 87,310
Bridgestone Corp. 23,000 1,011,859
Brother Industries, Ltd. 9,200 213,324
Calbee, Inc. (A) 2,500 84,950
Canon, Inc. 38,700 1,403,970
Casio Computer Company, Ltd. (A) 6,700 99,802
Central Japan Railway Company 5,200 992,382
Chubu Electric Power Company, Inc. 24,900 357,358
Chugai Pharmaceutical Company, Ltd. 8,200 416,300
Coca-Cola Bottlers Japan Holdings, Inc. 4,700 194,098
Concordia Financial Group, Ltd. 45,800 258,608
Credit Saison Company, Ltd. 5,000 83,688
CYBERDYNE, Inc. (B) 3,600 51,629
Dai Nippon Printing Company, Ltd. 10,000 207,809
Daicel Corp. 10,034 110,183
Daifuku Company, Ltd. 3,500 207,506
Dai-ichi Life Holdings, Inc. 39,400 727,382
Daiichi Sankyo Company, Ltd. 21,000 704,463
Daikin Industries, Ltd. 9,000 999,838
Daito Trust Construction Company, Ltd. 2,500 425,667
Daiwa House Industry Company, Ltd. 20,200 778,171
Daiwa House REIT Investment Corp. 45 108,805
Daiwa Securities Group, Inc. 59,900 385,510
DeNA Company, Ltd. (A) 3,500 63,745
Denso Corp. 16,900 929,576
Dentsu, Inc. 7,600 335,866
Disco Corp. 1,000 213,743
Don Quijote Holdings Company, Ltd. 4,600 263,627
East Japan Railway Company 11,500 1,075,180
Eisai Company, Ltd. (A) 9,600 618,111
Electric Power Development
       Company, Ltd. 4,600 118,569
FamilyMart UNY Holdings
       Company, Ltd. 3,000 249,951
FANUC Corp. 7,000 1,801,472
Fast Retailing Company, Ltd. 1,900 763,293
Fuji Electric Company, Ltd. 23,000 158,463
FUJIFILM Holdings Corp. 14,700 587,025
Fujitsu, Ltd. 69,000 419,308
Fukuoka Financial Group, Inc. 29,000 158,867
Hakuhodo DY Holdings, Inc. 9,300 128,379
Hamamatsu Photonics KK 5,400 207,742
Hankyu Hanshin Holdings, Inc. 8,600 322,104
Hikari Tsushin, Inc. 700 112,914
Hino Motors, Ltd. 10,000 130,044

120



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Japan (continued)
Hirose Electric Company, Ltd. 1,223 $ 168,990
Hisamitsu Pharmaceutical Company, Inc. 2,400 185,528
Hitachi Chemical Company, Ltd. 3,700 82,658
Hitachi Construction Machinery
       Company, Ltd. 4,100 159,149
Hitachi High-Technologies Corp. 2,900 137,862
Hitachi Metals, Ltd. 9,000 105,775
Hitachi, Ltd. 170,000 1,238,213
Honda Motor Company, Ltd. 61,300 2,121,997
Hoshizaki Corp. 1,900 169,387
Hoya Corp. 13,700 692,023
Hulic Company, Ltd. 9,000 98,079
Idemitsu Kosan Company, Ltd. 5,500 210,434
IHI Corp. 5,800 180,954
Iida Group Holdings Company, Ltd. (A) 5,000 93,463
Inpex Corp. 35,500 440,531
Isetan Mitsukoshi Holdings, Ltd. (A) 12,219 135,211
Isuzu Motors, Ltd. 21,000 321,751
ITOCHU Corp. (A) 54,400 1,062,278
J Front Retailing Company, Ltd. 9,000 152,004
Japan Airlines Company, Ltd. 4,000 162,865
Japan Airport Terminal Company, Ltd. 1,500 58,239
Japan Exchange Group, Inc. 19,800 370,738
Japan Post Bank Company, Ltd. 14,000 189,993
Japan Post Holdings Company, Ltd. 56,400 685,397
Japan Prime Realty Investment Corp. 28 101,725
Japan Real Estate Investment Corp. (A) 42 218,324
Japan Retail Fund Investment Corp. 93 180,340
Japan Tobacco, Inc. 39,800 1,136,967
JFE Holdings, Inc. 18,300 369,136
JGC Corp. (A) 7,000 152,408
JSR Corp. 6,500 146,289
JTEKT Corp. 7,300 107,564
JXTG Holdings, Inc. 106,911 651,791
Kajima Corp. 33,000 310,245
Kakaku.com, Inc. (A) 5,000 88,487
Kamigumi Company, Ltd. 4,500 100,876
Kaneka Corp. 11,829 117,670
Kansai Paint Company, Ltd. (A) 7,000 163,613
Kao Corp. 17,700 1,328,801
Kawasaki Heavy Industries, Ltd. 5,000 161,348
KDDI Corp. 64,000 1,648,284
Keihan Holdings Company, Ltd. (A) 3,400 105,485
Keikyu Corp. (A) 9,000 158,191
Keio Corp. 4,000 172,401
Keisei Electric Railway Company, Ltd. 5,500 169,297
Keyence Corp. 3,498 2,185,054
Kikkoman Corp. (A) 5,000 202,712
Kintetsu Group Holdings
       Company, Ltd. (A) 6,200 243,607
Kirin Holdings Company, Ltd. 31,800 846,582
Kobe Steel, Ltd. (B) 10,500 104,153
Koito Manufacturing Company, Ltd. 4,000 279,337
Komatsu, Ltd. 33,200 1,112,166
Konami Holdings Corp. 3,700 188,430
Konica Minolta, Inc. (A) 19,400 164,919
Kose Corp. 1,000 210,223
Kubota Corp. 36,700 646,933
Kuraray Company, Ltd. 13,200 228,866
Kurita Water Industries, Ltd. 4,400 142,045
Kyocera Corp. 11,900 674,707
Kyowa Hakko Kirin Company, Ltd. 9,473 205,730
Kyushu Electric Power
       Company, Inc. (A) 16,300 196,864
Kyushu Financial Group, Inc. 14,000 69,921
Kyushu Railway Company 6,400 199,659
Lawson, Inc. 1,900 129,888
LINE Corp. (B) 2,000 78,711
Lion Corp. 8,000 164,174
LIXIL Group Corp. 10,300 228,482
M3, Inc. 7,400 340,015
Mabuchi Motor Company, Ltd. 1,600 79,597
Makita Corp. 7,800 386,367
Marubeni Corp. 58,100 424,277
Marui Group Company, Ltd. (A) 7,600 153,257
Maruichi Steel Tube, Ltd. (A) 2,600 79,234
Mazda Motor Corp. 21,900 292,887
McDonald’s Holdings Company
       Japan, Ltd. 2,600 123,047
Mebuki Financial Group, Inc. 38,910 151,142
Medipal Holdings Corp. 5,490 114,582
MEIJI Holdings Company, Ltd. 4,600 353,358
MINEBEA MITSUMI, Inc. 13,900 298,874
MISUMI Group, Inc. 10,700 296,343
Mitsubishi Chemical Holdings Corp. 50,700 493,639
Mitsubishi Corp. 54,700 1,472,473
Mitsubishi Electric Corp. 69,900 1,134,516
Mitsubishi Estate Company, Ltd. 45,200 757,165
Mitsubishi Gas Chemical Company, Inc. 7,414 178,920
Mitsubishi Heavy Industries, Ltd. (A) 11,600 447,284
Mitsubishi Materials Corp. 3,900 115,605
Mitsubishi Motors Corp. (A) 24,700 176,642
Mitsubishi Tanabe Pharma Corp. 8,800 177,789
Mitsubishi UFJ Financial Group, Inc. 427,100 2,838,343
Mitsubishi UFJ Lease & Finance
       Company, Ltd. 17,600 105,434
Mitsui & Company, Ltd. 61,500 1,058,284
Mitsui Chemicals, Inc. 6,800 215,895
Mitsui Fudosan Company, Ltd. 32,300 779,763
Mitsui OSK Lines, Ltd. 4,700 133,469
Mixi, Inc. 1,800 67,346
Mizuho Financial Group, Inc. 860,700 1,568,521
MS&AD Insurance Group Holdings, Inc. 17,100 531,186
Murata Manufacturing Company, Ltd. 6,700 924,815
Nabtesco Corp. 3,900 151,899
Nagoya Railroad Company, Ltd. (A) 6,000 153,103
NEC Corp. 9,500 267,036
Nexon Company, Ltd. (B) 13,800 233,961
NGK Insulators, Ltd. 9,000 155,898
NGK Spark Plug Company, Ltd. 6,800 163,853
NH Foods, Ltd. (A) 3,119 128,068
Nidec Corp. 8,600 1,323,615
Nikon Corp. 12,400 224,141
Nintendo Company, Ltd. 4,000 1,777,093
Nippon Building Fund, Inc. 48 266,248
Nippon Electric Glass Company, Ltd. 2,800 81,167
Nippon Express Company, Ltd. 3,000 198,492
Nippon Paint Holdings
       Company, Ltd. (A) 6,000 220,999
Nippon Prologis REIT, Inc. 60 130,316
Nippon Steel & Sumitomo Metal Corp. 26,500 581,806
Nippon Telegraph & Telephone Corp. 24,300 1,133,670
Nippon Yusen KK 5,500 107,987
Nissan Chemical Industries, Ltd. 4,100 170,320
Nissan Motor Company, Ltd. (A) 83,900 866,028
Nisshin Seifun Group, Inc. 7,400 147,045
Nissin Foods Holdings Company, Ltd. 2,200 152,637
Nitori Holdings Company, Ltd. 2,900 508,561
Nitto Denko Corp. 5,800 438,359
NOK Corp. 3,800 74,205

121



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Japan (continued)
Nomura Holdings, Inc. (A) 131,400 $ 766,235
Nomura Real Estate Holdings, Inc. 4,500 105,666
Nomura Real Estate Master Fund, Inc. 151 210,149
Nomura Research Institute, Ltd. 5,082 240,120
NSK, Ltd. 14,615 196,619
NTT Data Corp. 22,500 236,424
NTT DOCOMO, Inc. 48,600 1,238,981
Obayashi Corp. 22,000 242,349
Obic Company, Ltd. 2,200 185,390
Odakyu Electric Railway Company, Ltd. 10,900 222,050
Oji Holdings Corp. 30,000 193,358
Olympus Corp. 10,200 390,039
Omron Corp. 7,100 415,042
Ono Pharmaceutical Company, Ltd. 14,500 461,344
Oracle Corp. Japan 1,500 124,491
Oriental Land Company, Ltd. 7,600 777,610
ORIX Corp. 47,800 856,622
Osaka Gas Company, Ltd. 13,800 274,467
Otsuka Corp. 4,400 224,324
Otsuka Holdings Company, Ltd. 14,400 722,300
Panasonic Corp. 79,100 1,135,915
Park24 Company, Ltd. 3,300 90,049
Persol Holdings Company, Ltd. 6,200 180,152
Pola Orbis Holdings, Inc. (A) 3,200 133,399
Rakuten, Inc. 32,500 268,568
Recruit Holdings Company, Ltd. 39,700 995,026
Renesas Electronics Corp. (B) 26,000 261,372
Resona Holdings, Inc. 78,100 419,784
Ricoh Company, Ltd. (A) 24,000 237,092
Rinnai Corp. 1,200 114,125
Rohm Company, Ltd. 3,400 322,731
Ryohin Keikaku Company, Ltd. 900 300,682
Sankyo Company, Ltd. (A) 1,900 66,467
Santen Pharmaceutical Company, Ltd. 14,000 234,444
SBI Holdings, Inc. (A) 8,013 188,274
Secom Company, Ltd. 7,400 551,190
Sega Sammy Holdings, Inc. 6,900 111,796
Seibu Holdings, Inc. 9,100 159,546
Seiko Epson Corp. (A) 9,400 162,900
Sekisui Chemical Company, Ltd. 15,100 264,808
Sekisui House, Ltd. 20,000 365,956
Seven & i Holdings Company, Ltd. 26,600 1,139,340
Seven Bank, Ltd. (A) 20,400 65,444
Sharp Corp. (A)(B) 5,400 161,726
Shimadzu Corp. 9,000 248,266
Shimamura Company, Ltd. 700 87,282
Shimano, Inc. 2,600 375,196
Shimizu Corp. 20,000 178,415
Shin-Etsu Chemical Company, Ltd. 14,000 1,460,329
Shinsei Bank, Ltd. 6,900 107,040
Shionogi & Company, Ltd. (A) 10,300 536,357
Shiseido Company, Ltd. 13,600 873,352
Showa Shell Sekiyu KK 6,845 93,181
SMC Corp. 2,000 813,598
SoftBank Group Corp. 29,300 2,185,524
Sohgo Security Services Company, Ltd. 3,000 147,431
Sompo Holdings, Inc. 12,600 507,692
Sony Corp. 45,400 2,233,694
Sony Financial Holdings, Inc. (A) 5,800 105,909
Stanley Electric Company, Ltd. 5,600 210,261
Start Today Company, Ltd. 7,300 190,001
Subaru Corp. 22,300 738,192
SUMCO Corp. (A) 8,200 214,164
Sumitomo Chemical Company, Ltd. 57,000 330,697
Sumitomo Corp. 43,600 730,410
Sumitomo Dainippon Pharma
       Company, Ltd. (A) 7,200 120,279
Sumitomo Electric Industries, Ltd. 26,500 405,013
Sumitomo Heavy Industries, Ltd. 4,002 152,906
Sumitomo Metal Mining Company, Ltd. 8,500 351,574
Sumitomo Mitsui Financial Group, Inc. 47,800 2,027,881
Sumitomo Mitsui Trust Holdings, Inc. 11,700 478,286
Sumitomo Realty & Development
       Company, Ltd. 13,000 485,766
Sumitomo Rubber Industries, Ltd. 7,100 130,905
Sundrug Company, Ltd. 2,400 112,334
Suntory Beverage & Food, Ltd. 5,000 243,403
Suruga Bank, Ltd. 6,000 84,205
Suzuken Company, Ltd. 2,640 111,087
Suzuki Motor Corp. 12,000 651,520
Sysmex Corp. 5,600 508,827
T&D Holdings, Inc. 18,800 299,036
Taiheiyo Cement Corp. 4,200 150,861
Taisei Corp. 7,400 379,544
Taisho Pharmaceutical Holdings
       Company, Ltd. 1,200 118,641
Taiyo Nippon Sanso Corp. 7,100 107,579
Takashimaya Company, Ltd. (A) 11,181 107,480
Takeda Pharmaceutical Company, Ltd. 25,700 1,253,164
TDK Corp. 4,700 418,717
Teijin, Ltd. 6,400 121,615
Terumo Corp. (A) 11,800 613,740
The Bank of Kyoto, Ltd. 2,600 147,337
The Chiba Bank, Ltd. 28,000 228,926
The Chugoku Electric Power
       Company, Inc. (A) 8,600 105,061
The Hachijuni Bank, Ltd. 13,000 70,651
The Kansai Electric Power
       Company, Inc. 24,500 320,327
The Shizuoka Bank, Ltd. 17,000 163,481
The Yokohama Rubber Company, Ltd. 5,000 115,882
THK Company, Ltd. 4,000 166,400
Tobu Railway Company, Ltd. 6,400 195,548
Toho Company, Ltd. 4,567 152,013
Toho Gas Company, Ltd. 2,800 87,518
Tohoku Electric Power Company, Inc. 16,600 225,814
Tokio Marine Holdings, Inc. 24,400 1,106,366
Tokyo Electric Power Company
       Holdings, Inc. (B) 56,000 219,351
Tokyo Electron, Ltd. 5,700 1,054,449
Tokyo Gas Company, Ltd. 13,200 352,707
Tokyo Tatemono Company, Ltd. 7,500 113,528
Tokyu Corp. 19,500 307,072
Tokyu Fudosan Holdings Corp. 21,300 153,253
Toppan Printing Company, Ltd. 20,000 164,399
Toray Industries, Inc. 53,800 511,770
Toshiba Corp. (B) 236,000 688,348
Tosoh Corp. 11,600 228,758
TOTO, Ltd. 5,400 283,126
Toyo Seikan Group Holdings, Ltd. 4,800 71,623
Toyo Suisan Kaisha, Ltd. 3,600 142,260
Toyoda Gosei Company, Ltd. 2,466 57,111
Toyota Industries Corp. 5,900 356,681
Toyota Motor Corp. 93,080 6,043,837
Toyota Tsusho Corp. 7,900 266,976
Trend Micro, Inc. 4,000 235,887
Tsuruha Holdings, Inc. 1,200 172,707
Unicharm Corp. 14,600 421,116
United Urban Investment Corp. 116 181,713
USS Company, Ltd. 7,770 159,032

122



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Japan (continued)
West Japan Railway Company 5,900 $ 418,291
Yahoo Japan Corp. (A) 52,400 245,279
Yakult Honsha Company, Ltd. (A) 4,243 318,052
Yamada Denki Company, Ltd. (A) 26,100 158,602
Yamaguchi Financial Group, Inc. (A) 7,000 86,624
Yamaha Corp. 6,200 272,333
Yamaha Motor Company, Ltd. 10,100 300,495
Yamato Holdings Company, Ltd. 12,600 316,716
Yamazaki Baking Company, Ltd. 4,000 83,802
Yaskawa Electric Corp. 9,000 408,200
Yokogawa Electric Corp. 7,686 155,835
131,180,208
Jersey, Channel Islands – 0.0%
Randgold Resources, Ltd. 3,371 280,049
Luxembourg – 0.2%
ArcelorMittal (B) 24,275 771,030
Eurofins Scientific SE 430 226,599
Millicom International Cellular SA 2,582 176,698
RTL Group SA 1,422 118,060
SES SA 12,937 175,115
Tenaris SA (A) 16,418 283,803
  1,751,305
Macau – 0.1%
MGM China Holdings, Ltd. 35,912 93,403
Sands China, Ltd. 89,600 486,916
Wynn Macau, Ltd. 61,415 225,100
805,419
Malaysia – 0.7%
AirAsia BHD 21,700 22,306
Alliance Bank Malaysia BHD 53,600 59,449
AMMB Holdings BHD 59,087 59,539
Astro Malaysia Holdings BHD 78,000 41,256
Axiata Group BHD 99,226 140,618
British American Tobacco
       Malaysia BHD 4,300 29,265
CIMB Group Holdings BHD 171,088 318,365
Dialog Group BHD 166,000 127,501
DiGi.Com BHD 110,800 133,058
Felda Global Ventures Holdings BHD 39,000 16,821
Gamuda BHD 72,333 96,480
Genting BHD 72,900 164,385
Genting Malaysia BHD 105,700 132,841
Genting Plantations BHD 15,000 39,668
HAP Seng Consolidated BHD 30,200 76,082
Hartalega Holdings BHD 60,200 91,827
Hong Leong Bank BHD 23,269 113,134
Hong Leong Financial Group BHD 6,104 30,374
IHH Healthcare BHD 108,100 168,104
IJM Corp. BHD 87,420 60,947
IOI Corp. BHD 114,466 141,587
IOI Properties Group BHD 83,462 34,763
Kuala Lumpur Kepong BHD 17,150 113,737
Malayan Banking BHD 157,124 428,014
Malaysia Airports Holdings BHD 34,427 78,941
Maxis BHD 67,200 98,946
MISC BHD 26,280 48,065
Nestle Malaysia BHD 2,800 109,552
Petronas Chemicals Group BHD 99,800 210,634
Petronas Dagangan BHD 12,200 78,257
Petronas Gas BHD 21,200 98,002
PPB Group BHD 17,700 87,710
Press Metal Aluminium Holdings BHD 60,400 71,345
Public Bank BHD 97,378 605,459
RHB Bank BHD 29,167 39,107
Sapura Energy BHD 80,300 10,624
Sime Darby BHD 108,224 73,688
Sime Darby Plantation BHD (B) 108,224 155,361
Sime Darby Property BHD (B) 108,224 40,122
Telekom Malaysia BHD 42,705 57,515
Tenaga Nasional BHD 124,350 520,356
UMW Holdings BHD (B) 25,500 39,830
YTL Corp. BHD 156,867 54,523
YTL Power International BHD 52,410 13,721
5,131,879
Malta – 0.0%
Brait SE (B) 14,256 43,595
Mexico – 0.7%
Alfa SAB de CV, Class A 97,680 125,189
America Movil SAB de CV, Series L 1,160,032 1,100,690
Arca Continental SAB de CV 16,000 110,645
Banco Santander Mexico SA, B Shares 65,000 93,496
Cemex SAB de CV (B) 489,349 323,272
Coca-Cola Femsa SAB de CV, Series L 19,312 127,472
El Puerto de Liverpool SAB de CV,
       Series C1 (A) 7,600 56,331
Fibra Uno Administracion SA de CV (A) 89,000 134,136
Fomento Economico Mexicano SAB de CV 68,120 623,534
Fresnillo PLC 7,504 133,990
Gentera SAB de CV (A) 28,000 20,392
Gruma SAB de CV, Class B (A) 5,900 67,568
Grupo Aeroportuario del Pacifico SAB
       de CV, B Shares (A) 14,000 138,329
Grupo Aeroportuario del Sureste SAB de
       CV, B Shares 8,020 134,942
Grupo Bimbo SAB de CV, Series A (A) 47,784 105,162
Grupo Carso SAB de CV, Series A1 17,777 62,591
Grupo Financiero Banorte SAB de CV,
       Series O (A) 87,962 533,481
Grupo Financiero Inbursa SAB de CV,
       Series O 86,738 144,039
Grupo Lala SAB de CV (A) 27,400 37,347
Grupo Mexico SAB de CV, Series B 136,866 456,672
Grupo Televisa SAB 87,126 278,151
Industrias Penoles SAB de CV 4,883 98,597
Infraestructura Energetica Nova SAB de CV 18,000 87,832
Kimberly-Clark de Mexico SAB de CV,
       Class A (A) 56,178 105,372
Mexichem SAB de CV 32,431 99,452
Promotora y Operadora de
       Infraestructura SAB de CV 9,800 97,445
Wal-Mart de Mexico SAB de CV 186,488 471,862
5,767,989
Netherlands – 3.1%
ABN AMRO Group NV (C) 15,368 463,397
Aegon NV 65,747 443,584
Akzo Nobel NV 9,029 853,087
Altice NV, Class A (B) 17,631 145,711
ASML Holding NV 13,894 2,755,094
Boskalis Westminster 3,669 107,539
EXOR NV 3,992 284,167
Heineken Holding NV 4,217 434,813
Heineken NV 9,190 988,423
ING Groep NV 139,163 2,348,407
Koninklijke Ahold Delhaize NV 46,490 1,101,625
Koninklijke DSM NV 6,436 639,719
Koninklijke KPN NV 122,257 367,626

123



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Netherlands (continued)
Koninklijke Philips NV 33,986 $ 1,301,394
Koninklijke Vopak NV 2,830 138,953
NN Group NV 11,099 493,129
NXP Semiconductors NV (B) 12,069 1,412,073
QIAGEN NV (B) 7,963 257,431
Randstad Holding NV (A) 4,395 289,455
Royal Dutch Shell PLC, A Shares 162,652 5,146,057
Royal Dutch Shell PLC, B Shares 133,678 4,301,539
Wolters Kluwer NV 10,629 565,303
24,838,526
New Zealand – 0.1%
Auckland International Airport, Ltd. 34,116 151,387
Fisher & Paykel Healthcare Corp., Ltd. 19,921 190,833
Fletcher Building, Ltd. 23,909 104,833
Mercury NZ, Ltd. 24,155 56,481
Meridian Energy, Ltd. 43,320 89,601
Ryman Healthcare, Ltd. 12,940 99,577
Spark New Zealand, Ltd. 63,312 153,623
846,335
Norway – 0.5%
DNB ASA 34,358 676,758
Gjensidige Forsikring ASA 6,934 127,532
Marine Harvest ASA 12,838 259,501
Norsk Hydro ASA 44,388 263,296
Orkla ASA 27,353 294,783
Schibsted ASA, B Shares 3,056 78,218
Statoil ASA 42,262 1,000,256
Telenor ASA (A) 26,027 591,883
Yara International ASA 6,981 298,299
3,590,526
Peru – 0.1%
Cia de Minas Buenaventura SAA, ADR 8,064 122,815
Credicorp, Ltd. 2,434 552,615
Southern Copper Corp. 2,874 155,713
831,143
Philippines – 0.2%
Aboitiz Equity Ventures, Inc. 85,070 110,848
Aboitiz Power Corp. 72,200 53,712
Ayala Corp. 7,160 130,650
Ayala Land, Inc. 253,800 200,843
Bank of the Philippine Islands 29,885 67,323
BDO Unibank, Inc. 77,140 206,852
Globe Telecom, Inc. 970 30,231
GT Capital Holdings, Inc. 3,100 69,683
JG Summit Holdings, Inc. 85,100 102,589
Jollibee Foods Corp. 18,900 108,933
Megaworld Corp. 564,000 50,758
Metropolitan Bank & Trust Company 58,091 95,659
PLDT, Inc. 3,730 106,155
Security Bank Corp. 15,170 70,166
SM Investments Corp. 8,302 146,921
SM Prime Holdings, Inc. 241,744 157,173
Universal Robina Corp. 30,280 88,302
1,796,798
Poland – 0.3%
Alior Bank SA (B) 4,231 91,111
Bank Handlowy w Warszawie SA 1,164 25,747
Bank Millennium SA (B) 21,269 51,131
Bank Pekao SA 5,522 199,195
Bank Zachodni WBK SA 1,219 129,219
Boryszew SA (B) 2,380 6,385
CCC SA 1,215 82,994
CD Projekt SA 2,349 75,260
Cyfrowy Polsat SA 6,360 46,406
Dino Polska SA (B)(C) 1,719 43,809
Grupa Azoty SA 1,565 25,633
Grupa Lotos SA 3,293 50,922
Jastrzebska Spolka Weglowa SA (B) 1,853 43,932
KGHM Polska Miedz SA 5,681 144,699
LPP SA 42 106,766
mBank SA (B) 525 64,319
Orange Polska SA (B) 26,179 44,431
PGE Polska Grupa Energetyczna SA (B) 26,654 77,254
PLAY Communications SA (B)(C) 4,003 38,733
Polski Koncern Naftowy ORLEN SA 11,432 281,379
Polskie Gornictwo Naftowe i
       Gazownictwo SA 62,946 104,045
Powszechna Kasa Oszczednosci Bank
       Polski SA (B) 32,873 389,238
Powszechny Zaklad Ubezpieczen SA 23,000 281,262
Tauron Polska Energia SA (B) 37,474 26,622
2,430,492
Portugal – 0.1%
EDP - Energias de Portugal SA (A) 84,624 321,538
Galp Energia SGPS SA 18,673 352,149
Jeronimo Martins SGPS SA 7,332 133,359
807,046
Romania – 0.0%
NEPI Rockcastle PLC 12,881 125,522
Russia – 0.9%
Gazprom PJSC, ADR 251,662 1,240,694
Gazprom PJSC, ADR 3,680 17,944
LUKOIL PJSC, ADR 23,756 1,644,390
MMC Norilsk Nickel PJSC, ADR 39,185 732,760
Mobile TeleSystems PJSC, ADR 20,264 230,807
Novatek PJSC, GDR 3,057 419,385
Rosneft Oil Company PJSC, GDR 9,131 50,156
Rosneft Oil Company PJSC, GDR 30,000 164,787
Sberbank of Russia PJSC, ADR 40,000 746,000
Sberbank of Russia PJSC, ADR 34,900 644,218
Severstal PJSC, GDR 4,250 64,257
Surgutneftegas OJSC, ADR 22,274 111,815
Surgutneftegas OJSC, ADR 23,070 113,047
Tatneft PJSC, ADR 7,986 512,941
VTB Bank PJSC, GDR 50,760 99,598
6,792,799
Singapore – 0.9%
Ascendas Real Estate Investment Trust 97,931 197,260
CapitaLand Commercial Trust 82,786 116,048
CapitaLand Mall Trust 90,402 143,904
CapitaLand, Ltd. 89,999 246,461
City Developments, Ltd. 16,600 165,406
ComfortDelGro Corp., Ltd. 90,200 141,596
DBS Group Holdings, Ltd. 64,118 1,354,323
Genting Singapore PLC 226,200 187,616
Golden Agri-Resources, Ltd. 284,496 76,268
Hutchison Port Holdings Trust 230,300 68,227
Jardine Cycle & Carriage, Ltd. 4,152 109,681
Keppel Corp., Ltd. 55,069 329,270
Oversea-Chinese Banking Corp., Ltd. 113,197 1,115,104
SATS, Ltd. 29,800 117,105
Sembcorp Industries, Ltd. 38,019 90,922
Singapore Airlines, Ltd. 23,140 192,285
Singapore Exchange, Ltd. 28,000 158,072
Singapore Press Holdings, Ltd. 59,500 114,801
Singapore Technologies
       Engineering, Ltd. 54,000 148,549

124



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Singapore (continued)
Singapore Telecommunications, Ltd. 294,940 $ 761,742
StarHub, Ltd. 21,000 36,966
Suntec Real Estate Investment Trust 103,300 149,771
United Overseas Bank, Ltd. 47,508 999,674
UOL Group, Ltd. 20,239 132,701
Wilmar International, Ltd. 72,000 175,539
7,329,291
South Africa – 1.7%
Anglo American Platinum, Ltd. 2,632 72,216
AngloGold Ashanti, Ltd. 14,430 139,197
Aspen Pharmacare Holdings, Ltd. 14,246 312,581
Barclays Africa Group, Ltd. 25,092 401,876
Bid Corp., Ltd. 11,078 240,394
Capitec Bank Holdings, Ltd. 1,337 98,360
Coronation Fund Managers, Ltd. 8,138 55,645
Discovery, Ltd. 16,606 239,570
Exxaro Resources, Ltd. 4,891 45,145
FirstRand, Ltd. (A) 118,126 667,501
Fortress REIT, Ltd., Class A 32,243 43,719
Fortress REIT, Ltd., Class B 25,525 25,771
Gold Fields, Ltd. 29,492 119,024
Growthpoint Properties, Ltd. 87,671 210,286
Hyprop Investments, Ltd. 8,505 77,868
Imperial Holdings, Ltd. 6,917 136,350
Investec PLC 24,383 188,439
Investec, Ltd. 7,953 62,110
Kumba Iron Ore, Ltd. 2,928 70,442
Liberty Holdings, Ltd. 4,754 50,435
Life Healthcare Group Holdings, Ltd. 60,113 140,564
Mediclinic International PLC 9,103 77,134
MMI Holdings, Ltd. 19,936 37,170
Mondi PLC 12,906 346,888
Mondi, Ltd. 4,137 112,611
Mr. Price Group, Ltd. 8,969 215,685
MTN Group, Ltd. 59,164 595,079
Naspers, Ltd., N Shares 15,506 3,794,520
Nedbank Group, Ltd. 7,167 172,742
Netcare, Ltd. 36,217 85,639
Pick n Pay Stores, Ltd. 7,147 41,480
Pioneer Foods Group, Ltd. 6,354 66,976
PSG Group, Ltd. 4,220 80,268
Rand Merchant Investment
       Holdings, Ltd. 31,847 107,670
Redefine Properties, Ltd. 204,675 200,409
Remgro, Ltd. 20,519 384,611
Resilient REIT, Ltd. 9,826 41,445
RMB Holdings, Ltd. 31,391 204,699
Sanlam, Ltd. 47,254 341,374
Sappi, Ltd. 26,810 173,221
Sasol, Ltd. 19,396 661,717
Shoprite Holdings, Ltd. 16,492 352,085
Sibanye Gold, Ltd. 57,157 56,885
Standard Bank Group, Ltd. 46,838 865,494
Steinhoff International Holdings NV (B) 97,104 27,049
Telkom SA SOC, Ltd. 13,339 59,899
The Bidvest Group, Ltd. 11,166 211,897
The Foschini Group, Ltd. 7,014 132,302
The SPAR Group, Ltd. 5,706 97,954
Tiger Brands, Ltd. 6,286 196,741
Truworths International, Ltd. 19,528 178,016
Vodacom Group, Ltd. 19,298 249,385
Woolworths Holdings, Ltd. 33,746 171,070
  13,737,608
South Korea – 3.6%
Amorepacific Corp. 1,183 341,862
AMOREPACIFIC Group 770 99,363
BGF retail Company, Ltd. 230 33,008
BNK Financial Group, Inc. 8,021 80,559
Celltrion Healthcare
       Company, Ltd. (A)(B) 1,413 144,115
Celltrion, Inc. (A)(B) 2,956 884,265
Cheil Worldwide, Inc. 3,910 67,067
CJ CheilJedang Corp. 326 98,260
CJ Corp. 456 67,801
CJ E&M Corp. 972 84,419
CJ Logistics Corp. (B) 392 50,829
Coway Company, Ltd. 1,930 159,338
Daelim Industrial Company, Ltd. 877 60,908
Daewoo Engineering & Construction
       Company, Ltd. (B) 2,130 10,481
DB Insurance Company, Ltd. 1,810 112,446
DGB Financial Group, Inc. 4,763 52,437
Doosan Bobcat, Inc. 1,853 55,264
Doosan Heavy Industries & Construction
       Company, Ltd. (B) 2,030 30,459
E-MART, Inc. 817 208,614
GS Engineering & Construction Corp. 1,468 41,372
GS Holdings Corp. 2,038 118,509
Hana Financial Group, Inc. 9,912 427,179
Hankook Tire Company, Ltd. 3,008 148,881
Hanmi Pharm Company, Ltd. 219 107,243
Hanmi Science Company, Ltd. 688 61,497
Hanon Systems 9,450 102,975
Hanssem Company, Ltd. 370 52,294
Hanwha Chemical Corp. 4,418 123,625
Hanwha Corp. 2,040 75,849
Hanwha Life Insurance Company, Ltd. 8,120 47,878
Hanwha Techwin Company, Ltd. (B) 1,769 48,240
Hotel Shilla Company, Ltd. 1,190 103,637
Hyosung Corp. 1,033 116,753
Hyundai Department Store
       Company, Ltd. 494 42,167
Hyundai Development Co-Engineering &
       Construction 2,360 84,446
Hyundai Engineering & Construction
       Company, Ltd. 2,649 106,843
Hyundai Glovis Company, Ltd. 539 92,374
Hyundai Heavy Industries
       Company, Ltd. (B) 1,465 191,385
Hyundai Marine & Fire Insurance
       Company, Ltd. 2,650 98,290
Hyundai Mobis Company, Ltd. 2,332 557,045
Hyundai Motor Company 5,358 723,365
Hyundai Robotics Company, Ltd. (B) 744 299,334
Hyundai Steel Company 2,189 106,339
Hyundai Wia Corp. 644 33,381
Industrial Bank of Korea 7,080 104,284
ING Life Insurance Korea, Ltd. (C) 1,552 65,558
Kakao Corp. 1,350 166,212
Kangwon Land, Inc. 4,000 102,544
KB Financial Group, Inc. 10,980 636,810
KB Financial Group, Inc., ADR 2,772 160,610
KCC Corp. 196 61,180
KEPCO Plant Service & Engineering
       Company, Ltd. 700 29,934
Kia Motors Corp. 8,934 267,626
Korea Aerospace Industries, Ltd. (B) 1,710 80,629
Korea Electric Power Corp. 6,370 197,219
Korea Electric Power Corp., ADR 4,277 65,823

125



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
South Korea (continued)
Korea Gas Corp. (B) 1,166 $ 53,342
Korea Investment Holdings
       Company, Ltd. 1,170 91,841
Korea Zinc Company, Ltd. 339 153,944
Korean Air Lines Company, Ltd. 1,349 41,746
KT Corp. 2,633 67,794
KT&G Corp. 4,323 406,642
Kumho Petrochemical Company, Ltd. 614 56,201
LG Chem, Ltd. 1,568 572,366
LG Corp. 3,654 299,942
LG Display Company, Ltd. 7,650 186,322
LG Display Company, Ltd., ADR 2,417 29,246
LG Electronics, Inc. 3,460 356,991
LG Household & Health Care, Ltd. 362 405,904
LG Innotek Company, Ltd. 650 76,429
Lotte Chemical Corp. 562 230,243
Lotte Corp. (B) 819 49,044
Lotte Shopping Company, Ltd. 366 80,766
Medy-Tox, Inc. 140 98,847
Mirae Asset Daewoo Company, Ltd. 13,812 121,046
NAVER Corp. 965 718,176
NCSoft Corp. 632 244,571
Netmarble Games Corp. (C) 560 77,778
NH Investment & Securities
       Company, Ltd. 3,944 52,399
OCI Company, Ltd. 650 97,275
Orion Corp. 940 113,460
Pan Ocean Company, Ltd. (B) 11,652 58,237
POSCO 2,592 827,368
Posco Daewoo Corp. 1,626 35,340
S-1 Corp. 810 73,160
Samsung Biologics
       Company, Ltd. (B)(C) 550 253,125
Samsung C&T Corp. 2,732 353,562
Samsung Card Company, Ltd. 1,490 50,265
Samsung Electro-Mechanics
       Company, Ltd. 2,318 235,912
Samsung Electronics Company, Ltd. 3,438 8,032,805
Samsung Fire & Marine
       Insurance Company, Ltd. 1,090 274,980
Samsung Heavy Industries
       Company, Ltd. (A)(B) 10,163 75,662
Samsung Life Insurance Company, Ltd. 2,349 255,857
Samsung SDI Company, Ltd. 1,793 325,074
Samsung SDS Company, Ltd. 1,346 322,780
Samsung Securities Company, Ltd. 2,834 105,826
Shinhan Financial Group Company, Ltd. 14,125 602,562
Shinhan Financial Group
       Company, Ltd., ADR 350 14,840
Shinsegae, Inc. 197 64,726
SillaJen, Inc. (B) 1,857 189,011
SK Holdings Company, Ltd. 1,335 376,524
SK Hynix, Inc. 20,356 1,559,513
SK Innovation Company, Ltd. 2,274 451,977
SK Networks Company, Ltd. 3,090 16,861
SK Telecom Company, Ltd. 677 146,798
S-Oil Corp. 1,778 201,329
Woori Bank 12,174 165,532
Yuhan Corp. 385 80,248
28,323,014
Spain – 2.1%
Abertis Infraestructuras SA 24,637 552,311
ACS Actividades de Construccion y
       Servicios SA 8,964 349,735
Aena SME SA (C) 2,372 478,299
Amadeus IT Group SA 15,884 1,175,467
Banco Bilbao Vizcaya Argentaria SA 239,320 1,895,314
Banco de Sabadell SA 196,135 401,181
Banco Santander SA 571,804 3,742,678
Bankia SA 48,666 218,314
Bankinter SA 26,033 268,019
CaixaBank SA 126,097 601,188
Enagas SA 7,812 213,930
Endesa SA 12,378 272,690
Ferrovial SA 18,161 379,705
Gas Natural SDG SA 12,174 290,570
Grifols SA 10,824 306,870
Iberdrola SA 208,652 1,534,302
Industria de Diseno Textil SA 39,465 1,240,728
Mapfre SA 37,878 126,020
Red Electrica Corp. SA 15,612 322,270
Repsol SA 44,995 799,816
Siemens Gamesa Renewable Energy
       SA (A) 9,848 158,287
Telefonica SA 168,167 1,666,008
16,993,702
Sweden – 1.8%
Alfa Laval AB 10,314 244,422
Assa Abloy AB, B Shares 35,703 773,878
Atlas Copco AB, A Shares 24,463 1,062,472
Atlas Copco AB, B Shares 13,732 536,175
Boliden AB 10,826 380,950
Electrolux AB, Series B 9,396 296,721
Essity AB, Class B (B) 21,740 602,485
Getinge AB, B Shares (A) 7,442 84,747
Hennes & Mauritz AB, B Shares (A) 33,681 503,165
Hexagon AB, B Shares 9,164 546,990
Husqvarna AB, B Shares 18,793 181,679
ICA Gruppen AB (A) 2,659 94,271
Industrivarden AB, C Shares 6,375 148,678
Investor AB, B Shares 16,738 743,561
Kinnevik AB, B Shares 8,775 317,025
L E Lundbergforetagen AB, B Shares 1,273 91,514
Lundin Petroleum AB (B) 6,165 155,746
Nordea Bank AB 110,405 1,181,330
Sandvik AB 41,495 760,239
Securitas AB, B Shares 10,739 182,848
Skandinaviska Enskilda Banken AB,
       Series A (A) 53,076 557,633
Skanska AB, B Shares 13,244 271,540
SKF AB, B Shares (A) 14,059 288,028
Svenska Handelsbanken AB, A Shares 54,342 680,190
Swedbank AB, A Shares 33,187 745,723
Swedish Match AB 6,740 305,441
Tele2 AB, B Shares 14,276 171,916
Telefonaktiebolaget LM Ericsson, B
       Shares (A) 112,943 719,216
Telia Company AB (A) 105,161 495,491
Volvo AB, B Shares 56,973 1,042,855
14,166,929
Switzerland – 5.7%
ABB, Ltd. 66,335 1,577,327
Adecco Group AG 6,058 431,512
Baloise Holding AG 1,757 268,792
Barry Callebaut AG 81 158,417
Chocoladefabriken Lindt &
       Spruengli AG 40 248,169
Chocoladefabriken Lindt &
       Spruengli AG 4 291,169

126



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Switzerland (continued)
Cie Financiere Richemont SA 18,604 $ 1,671,790
Clariant AG (B) 8,851 211,742
Coca-Cola HBC AG (B) 6,783 251,016
Credit Suisse Group AG (B) 86,749 1,456,952
Dufry AG (A)(B) 1,514 198,864
EMS-Chemie Holding AG 321 203,069
Ferguson PLC 9,310 700,202
Geberit AG 1,329 587,714
Givaudan SA 334 761,968
Glencore PLC (B) 434,797 2,160,602
Julius Baer Group, Ltd. (B) 8,299 510,733
Kuehne + Nagel International AG 1,941 305,717
LafargeHolcim, Ltd. (B) 9,914 543,234
LafargeHolcim, Ltd. (London Stock
       Exchange) (B)		 6,464 352,718
Lonza Group AG (B) 2,701 637,001
Nestle SA 110,692 8,749,265
Novartis AG 79,183 6,404,390
Pargesa Holding SA 1,634 144,983
Partners Group Holding AG 648 482,193
Roche Holding AG 25,023 5,740,204
Schindler Holding AG 806 168,860
Schindler Holding AG,
       Participation Certificates		 1,486 320,631
SGS SA 193 474,766
Sika AG 77 604,000
Sonova Holding AG 1,863 296,185
STMicroelectronics NV 23,162 515,442
Straumann Holding AG 401 253,008
Swiss Life Holding AG (B) 1,182 421,226
Swiss Prime Site AG (B) 2,602 251,809
Swiss Re AG 11,628 1,186,832
Swisscom AG 962 477,252
The Swatch Group AG 2,152 180,472
The Swatch Group AG, BR Shares 1,149 506,991
UBS Group AG (B) 129,967 2,289,879
Vifor Pharma AG (A) 1,821 280,802
Zurich Insurance Group AG (B) 5,394 1,779,278
45,057,176
Taiwan – 2.5%
Acer, Inc. (B) 58,018 48,817
Advanced Semiconductor
       Engineering, Inc.		 222,677 324,877
Advantech Company, Ltd. 12,089 87,422
Airtac International Group 4,000 72,032
Asia Cement Corp. 36,863 35,803
Asustek Computer, Inc. 24,952 234,102
AU Optronics Corp. 163,827 75,957
Catcher Technology Company, Ltd. 22,184 278,851
Cathay Financial Holding Company, Ltd. 259,901 466,045
Chailease Holding Company, Ltd. 34,000 118,081
Chang Hwa Commercial Bank, Ltd. 103,078 59,891
Cheng Shin Rubber Industry
       Company, Ltd.		 43,680 71,343
China Airlines, Ltd. (B) 26,874 9,886
China Development Financial
       Holding Corp.		 479,153 170,538
China Life Insurance Company, Ltd. 90,906 94,825
China Steel Corp. 363,388 290,203
Chunghwa Telecom Company, Ltd. 121,148 466,828
Compal Electronics, Inc. 79,764 54,769
CTBC Financial Holding Company, Ltd. 517,465 373,914
Delta Electronics, Inc. 70,866 319,111
E.Sun Financial Holding Company, Ltd. 262,457 177,378
Eclat Textile Company, Ltd. 6,259 73,585
Eva Airways Corp. 29,310 15,117
Evergreen Marine Corp. Taiwan, Ltd. (B) 9,897 5,168
Far Eastern New Century Corp. 64,875 58,853
Far EasTone Telecommunications
       Company, Ltd.		 45,159 119,559
First Financial Holding Company, Ltd. 360,287 251,287
Formosa Chemicals & Fibre Corp. 100,212 378,379
Formosa Petrochemical Corp. 43,720 179,569
Formosa Plastics Corp. 131,086 466,872
Formosa Taffeta Company, Ltd. 5,000 5,544
Foxconn Technology Company, Ltd. 15,513 41,833
Fubon Financial Holding Company, Ltd. 211,112 365,752
Globalwafers Company, Ltd. 9,000 145,047
Highwealth Construction Corp. 27,000 41,895
Hon Hai Precision Industry
       Company, Ltd.		 528,460 1,648,252
Hotai Motor Company, Ltd. 9,000 90,227
HTC Corp. (B) 26,997 62,048
Hua Nan Financial Holdings
       Company, Ltd.		 259,620 156,538
Innolux Corp. 297,841 131,642
Inventec Corp. 25,899 20,710
Largan Precision Company, Ltd. 3,143 365,882
Lite-On Technology Corp. 39,626 55,739
Macronix International (B) 63,000 107,936
MediaTek, Inc. 49,340 567,718
Mega Financial Holding Company, Ltd. 387,134 334,823
Micro-Star International Company, Ltd. 23,000 78,104
Nan Ya Plastics Corp. 148,992 421,885
Novatek Microelectronics Corp. 7,361 33,656
Pegatron Corp. 71,989 181,190
Pou Chen Corp. 36,641 48,928
Powertech Technology, Inc. 13,149 41,452
President Chain Store Corp. 21,496 217,543
Quanta Computer, Inc. 92,771 188,551
Realtek Semiconductor Corp. 5,999 26,110
Shin Kong Financial Holding
       Company, Ltd.		 107,046 41,026
Siliconware Precision Industries
       Company, Ltd.		 54,855 95,892
SinoPac Financial Holdings
       Company, Ltd.		 149,767 53,260
Synnex Technology International Corp. 24,928 37,515
Taishin Financial Holding Company, Ltd. 299,557 147,947
Taiwan Cement Corp. 60,781 76,676
Taiwan Cooperative Financial Holding
       Company, Ltd.		 265,687 157,075
Taiwan Mobile Company, Ltd. 62,257 233,348
Taiwan Semiconductor
       Manufacturing Company, Ltd. 870,227 7,370,998
Teco Electric & Machinery
       Company, Ltd.		 16,000 13,318
Uni-President Enterprises Corp. 151,487 357,743
United Microelectronics Corp. 455,313 239,951
Win Semiconductors Corp. 12,000 130,498
Winbond Electronics Corp. 102,000 69,510
Wistron Corp. 41,383 35,800
WPG Holdings, Ltd. 52,000 67,704
Ya Hsin Industrial Company, Ltd. (B)(E) 36,000 0
Yuanta Financial Holdings
       Company, Ltd.		 339,267 156,555
20,042,883
Thailand – 0.5%
Advanced Info Service PCL 48,400 319,629
Airports of Thailand PCL 150,000 317,533

127



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

Shares or      
Principal
Amount       Value
COMMON STOCKS (continued)
Thailand (continued)
Bangkok Bank PCL 8,300 $ 57,042
Banpu PCL 110,000 70,081
Bumrungrad Hospital PCL, NVDR 14,300 94,974
Charoen Pokphand Foods PCL 136,200 110,158
CP ALL PCL 173,500 484,985
Delta Electronics Thailand PCL 24,300 51,521
Electricity Generating PCL 7,600 55,717
Energy Absolute PCL 56,900 80,040
Glow Energy PCL 27,900 76,019
Home Product Center PCL 204,400 91,083
IRPC PCL 528,400 122,844
Kasikornbank PCL 39,400 269,112
KCE Electronics PCL 15,000 32,095
Krung Thai Bank PCL 164,375 100,207
PTT Exploration & Production PCL 60,147 221,797
PTT Global Chemical PCL 83,073 252,520
PTT PCL 37,500 660,453
Robinson PCL 28,700 57,367
Thai Oil PCL 28,800 83,946
Thai Union Group PCL 95,900 57,411
The Siam Cement PCL 11,300 178,620
The Siam Commercial Bank PCL 70,748 325,274
TMB Bank PCL 739,100 59,721
True Corp. PCL 448,802 99,928
4,330,077
Turkey - 0.3%
Akbank Turk AS 77,143 187,576
Anadolu Efes Biracilik Ve Malt
       Sanayii AS		 8,117 55,705
Arcelik AS 6,139 27,911
Aselsan Elektronik Sanayi ve Ticaret AS 7,013 54,644
BIM Birlesik Magazalar AS 8,214 148,949
Coca-Cola Icecek AS 2,884 26,367
Emlak Konut Gayrimenkul Yatirim
       Ortakligi AS		 62,402 40,147
Eregli Demir ve Celik Fabrikalari TAS 49,091 129,786
Ford Otomotiv Sanayi AS 4,572 71,226
Haci Omer Sabanci Holding AS 31,762 84,606
KOC Holding AS 25,423 105,190
Petkim Petrokimya Holding AS 23,669 48,767
TAV Havalimanlari Holding AS 4,656 28,049
Tofas Turk Otomobil Fabrikasi AS 4,383 29,541
Tupras Turkiye Petrol Rafinerileri AS 4,998 139,602
Turk Hava Yollari AO (B) 25,366 125,444
Turk Telekomunikasyon AS (B) 22,064 37,678
Turkcell Iletisim Hizmetleri AS 38,572 147,807
Turkiye Garanti Bankasi AS 86,216 239,063
Turkiye Halk Bankasi AS 25,911 59,732
Turkiye Is Bankasi AS, Class C 60,572 110,015
Turkiye Sise ve Cam Fabrikalari AS 43,843 57,686
Turkiye Vakiflar Bankasi TAO, Class D 22,351 37,011
Ulker Biskuvi Sanayi AS 5,397 30,100
Yapi ve Kredi Bankasi AS (B) 35,813 40,543
2,063,145
United Kingdom - 10.1%
3i Group PLC 35,391 427,163
Admiral Group PLC 7,852 203,228
Anglo American PLC 48,408 1,127,646
Ashtead Group PLC 18,549 505,770
Associated British Foods PLC 12,514 437,508
AstraZeneca PLC 45,458 3,124,832
Auto Trader Group PLC (C) 35,298 173,504
Aviva PLC 144,098 1,005,670
Babcock International Group PLC 8,659 81,279
BAE Systems PLC 112,932 923,973
Barclays PLC 613,345 1,792,255
Barratt Developments PLC 39,288 292,354
Berkeley Group Holdings PLC 4,863 258,514
BP PLC 705,981 4,761,904
British American Tobacco PLC 81,784 4,727,666
BT Group PLC 299,131 954,767
Bunzl PLC 11,951 351,434
Burberry Group PLC 15,023 358,095
Capita PLC 24,980 50,528
Centrica PLC 198,616 397,683
CNH Industrial NV 37,712 466,009
Cobham PLC (B) 83,144 143,274
Coca-Cola European Partners PLC 8,055 335,191
Compass Group PLC 57,299 1,169,983
ConvaTec Group PLC (C) 55,402 154,568
Croda International PLC 4,815 309,321
Diageo PLC 89,214 3,017,185
Direct Line Insurance Group PLC 53,358 285,705
easyJet PLC 5,884 132,636
Experian PLC 34,148 738,506
Fiat Chrysler Automobiles NV (B) 37,748 769,920
G4S PLC 56,956 198,230
GKN PLC 59,980 388,781
GlaxoSmithKline PLC 176,551 3,428,796
Hammerson PLC 29,315 220,983
Hargreaves Lansdown PLC 10,194 233,989
HSBC Holdings PLC 715,950 6,723,266
IMI PLC 10,620 161,096
Imperial Brands PLC 34,636 1,179,336
InterContinental Hotels Group PLC 6,401 383,500
International Consolidated Airlines
       Group SA		 27,874 241,330
Intertek Group PLC 5,765 377,366
ITV PLC 140,570 284,551
J Sainsbury PLC 60,381 202,547
John Wood Group PLC 23,390 177,732
Johnson Matthey PLC 7,039 300,292
Kingfisher PLC 80,383 329,754
Land Securities Group PLC 28,284 372,130
Legal & General Group PLC 215,482 780,744
Lloyds Banking Group PLC 2,589,556 2,355,525
London Stock Exchange Group PLC 11,565 669,644
Marks & Spencer Group PLC 58,909 223,763
Meggitt PLC 29,260 177,506
Merlin Entertainments PLC (C) 24,601 119,624
Micro Focus International PLC 15,771 220,220
National Grid PLC 122,252 1,376,125
Next PLC 5,306 354,700
Old Mutual PLC 182,601 614,432
Pearson PLC 29,871 314,926
Persimmon PLC 11,028 391,408
Prudential PLC 93,030 2,324,692
Reckitt Benckiser Group PLC 23,742 2,004,005
RELX NV 34,121 707,291
RELX PLC 38,212 784,943
Rio Tinto PLC 43,871 2,226,187
Rio Tinto, Ltd. 15,081 854,372
Rolls-Royce Holdings PLC (B) 60,839 743,823
Royal Mail PLC 33,479 254,098
RSA Insurance Group PLC 36,841 326,170
Schroders PLC 4,962 222,636
Segro PLC 35,401 298,764
Severn Trent PLC 8,552 221,398
Sky PLC 38,349 698,413

128



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

Shares or     
Principal
Amount       Value
COMMON STOCKS (continued)
United Kingdom (continued)
Smith & Nephew PLC 30,850 $ 577,110
Smiths Group PLC 14,281 303,775
SSE PLC 35,884 643,734
St. James’s Place PLC 20,193 307,859
Standard Chartered PLC 119,002 1,192,678
Standard Life Aberdeen PLC 97,304 491,158
Taylor Wimpey PLC 125,790 325,883
Tesco PLC 354,753 1,026,727
The British Land Company PLC 35,353 318,683
The Royal Bank of Scotland Group
       PLC (B) 132,802 483,109
The Sage Group PLC 38,587 346,720
The Weir Group PLC 8,853 248,163
Travis Perkins PLC 9,089 157,585
Unilever NV 58,233 3,286,991
Unilever PLC 45,466 2,521,655
United Utilities Group PLC 23,943 240,452
Vodafone Group PLC 958,892 2,623,552
Whitbread PLC 6,448 334,696
Wm Morrison Supermarkets PLC 81,037 243,140
WPP PLC 46,027 731,443
80,352,272
United States – 0.1%
Carnival PLC 6,668 429,175
Valeant Pharmaceuticals
       International, Inc. (B) 13,100 208,547
637,722
TOTAL COMMON STOCKS (Cost $559,168,174) $ 763,867,674
           
PREFERRED SECURITIES – 1.3%
Brazil – 0.7%
Banco Bradesco SA 106,201 1,270,635
Braskem SA, A Shares 4,100 59,610
Centrais Eletricas Brasileiras SA,
       B Shares 4,300 31,389
Cia Brasileira de Distribuicao 4,938 99,539
Cia Energetica de Minas Gerais 31,260 81,051
Gerdau SA 36,200 169,956
Itau Unibanco Holding SA 113,326 1,761,274
Itausa - Investimentos Itau SA 145,290 606,869
Lojas Americanas SA 24,076 137,392
Petroleo Brasileiro SA (B) 138,651 899,156
Telefonica Brasil SA 9,652 147,348
5,264,219
Germany – 0.4%
Bayerische Motoren Werke AG 2,090 196,124
FUCHS PETROLUB SE 2,735 148,469
Henkel AG & Company KGaA 6,296 827,629
Porsche Automobil Holding SE 5,695 474,726
Schaeffler AG 5,570 86,023
Volkswagen AG 6,657 1,326,834
3,059,805
Italy – 0.0%
Intesa Sanpaolo SpA 42,950 162,688
South Korea – 0.2%
Amorepacific Corp. 300 45,175
Hyundai Motor Company 705 57,192
Hyundai Motor Company, 2nd Preferred 1,197 105,112
LG Chem, Ltd. 162 32,977
LG Household & Health Care, Ltd. 112 73,889
Samsung Electronics Company, Ltd. 616 1,184,527
1,498,872
TOTAL PREFERRED SECURITIES (Cost $6,992,223) $ 9,985,584
           
RIGHTS – 0.0%
Samsung Heavy Industries
       Company, Ltd. (Expiration
       Date: 4-16-18; Strike Price: KRW
       5,870) (B) 5,358 10,430
TOTAL RIGHTS (Cost $0) $ 10,430
           
SECURITIES LENDING COLLATERAL – 3.5%
John Hancock Collateral Trust,
       1.8276% (F)(G) 2,744,629 27,451,230
TOTAL SECURITIES LENDING COLLATERAL (Cost
$27,456,199) $ 27,451,230
           
SHORT-TERM INVESTMENTS – 1.3%
Money market funds – 1.3%
Fidelity Institutional Money Market
       Government Portfolio, Institutional
       Class, 1.4629% (F) 10,774,835 10,774,835
TOTAL SHORT-TERM INVESTMENTS (Cost $10,774,835) $ 10,774,835
Total Investments (International Equity Index Trust)
       (Cost $604,391,431) – 102.3% $ 812,089,753
Other assets and liabilities, net – (2.3%) (18,141,299 )
TOTAL NET ASSETS – 100.0% $ 793,948,454

Currency Abbreviations

KRW          Korean Won

Security Abbreviations and Legend

ADR         American Depositary Receipt
GDR Global Depositary Receipt
NVDR Non-Voting Depositary Receipt
(A) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $23,942,944.
(B) Non-income producing security.
(C) 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.
(D) The investment is an affiliate of the fund, the advisor and/or the subadvisor.
(E)

Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(F)

The rate shown is the annualized seven-day yield as of 3-31-18.

(G) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

DERIVATIVES

FUTURES

                                    Unrealized
Number of Expiration Notional Notional appreciation
Open contracts contracts Position date basis* value* (depreciation)
Mini MSCI EAFE Index Futures 100 Long Jun 2018 $10,122,358 $10,003,000 $(119,358 )

129



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)
FUTURES (continued)

Unrealized
      Number of             Expiration       Notional       Notional       appreciation
Open contracts contracts Position date basis* value* (depreciation)
Mini MSCI Emerging Markets Index Futures 130 Long Jun 2018 $7,634,553 $7,720,700 $86,147
MSCI Taiwan Index Futures 57 Long Apr 2018 2,314,651 2,329,590 14,939
$(18,272 )

* Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

See Notes to Portfolio of Investments regarding investment transactions and other derivatives information.

International Growth Stock Trust

Shares or      
Principal
Amount Value
COMMON STOCKS – 95.7%
Australia – 4.8%
Amcor, Ltd. 758,122 $ 8,301,686
Brambles, Ltd. 883,474 6,818,526
CSL, Ltd. 29,756 3,584,958
18,705,170
Brazil – 5.6%
B3 SA - Brasil Bolsa Balcao 1,027,234 8,304,495
Banco Bradesco SA, ADR 590,513 7,015,294
Cielo SA 233,731 1,464,779
Kroton Educacional SA 1,196,874 4,930,405
21,714,973
Canada – 8.2%
Canadian National Railway Company 55,091 4,026,366
Cenovus Energy, Inc. 252,177 2,147,228
CGI Group, Inc., Class A (A) 195,327 11,264,638
Fairfax Financial Holdings, Ltd. 3,232 1,638,314
Great-West Lifeco, Inc. 122,383 3,123,338
PrairieSky Royalty, Ltd. 202,948 4,437,494
Suncor Energy, Inc. 144,837 5,001,590
31,638,968
China – 0.9%
Baidu, Inc., ADR (A) 14,963 3,339,592
Denmark – 2.0%
Carlsberg A/S, Class B 66,447 7,933,417
France – 8.1%
Essilor International Cie Generale
       d’Optique SA 33,683 4,543,863
Pernod Ricard SA 42,342 7,050,298
Schneider Electric SE 118,143 10,403,846
Vinci SA 51,799 5,101,953
Vivendi SA 156,691 4,063,757
31,163,717
Germany – 10.4%
Allianz SE 38,332 8,665,233
Deutsche Boerse AG 91,602 12,522,314
Deutsche Post AG 135,907 5,952,640
GEA Group AG 75,337 3,203,841
SAP SE 94,119 9,880,798
40,224,826
Hong Kong – 4.7%
CK Hutchison Holdings, Ltd. 700,468 8,416,313
Galaxy Entertainment Group, Ltd. 736,000 6,755,515
WH Group, Ltd. (B) 2,632,500 2,820,687
17,992,515
Italy – 2.0%
Intesa Sanpaolo SpA 1,307,926 4,762,169
Mediobanca Banca di Credito
       Finanziario SpA 269,859 3,172,573
7,934,742
Japan – 5.4%
Asahi Group Holdings, Ltd. 52,500 2,823,377
FANUC Corp. 15,700 4,040,445
Japan Tobacco, Inc. 83,500 2,385,346
Kao Corp. 60,200 4,519,424
Keyence Corp. 4,600 2,873,427
Yahoo Japan Corp. 918,100 4,297,531
20,939,550
Mexico – 2.1%
Fomento Economico Mexicano SAB de
       CV, ADR 87,326 7,984,216
Netherlands – 3.9%
ING Groep NV 231,198 3,901,518
Royal Dutch Shell PLC, B Shares 108,038 3,476,486
Wolters Kluwer NV 144,433 7,681,660
15,059,664
Singapore – 2.0%
United Overseas Bank, Ltd. 362,800 7,634,117
South Korea – 3.3%
NAVER Corp. 11,292 8,403,776
Samsung Electronics Company, Ltd. 1,863 4,352,855
12,756,631
Spain – 1.7%
Amadeus IT Group SA 88,253 6,531,005
Sweden – 2.5%
Investor AB, B Shares 215,243 9,561,859
Switzerland – 5.9%
Cie Financiere Richemont SA 58,066 5,217,919
Julius Baer Group, Ltd. (A) 108,067 6,650,604
Kuehne + Nagel International AG 18,082 2,848,007
Novartis AG 54,009 4,368,295
UBS Group AG (A) 202,136 3,561,419
22,646,244
Taiwan – 2.5%
Taiwan Semiconductor
       Manufacturing Company, Ltd. 1,152,000 9,757,672
Thailand – 1.8%
Kasikornbank PCL, NVDR 1,008,300 6,861,622
Turkey – 1.2%
Akbank Turk AS 1,870,731 4,548,751
United Kingdom – 14.2%
British American Tobacco PLC 165,387 9,560,483
Compass Group PLC 301,911 6,164,692
Informa PLC 559,611 5,638,713
Lloyds Banking Group PLC 6,794,577 6,180,518
Reckitt Benckiser Group PLC 68,031 5,742,333
RELX PLC 353,756 7,266,782
Smith & Nephew PLC 239,963 4,488,977
Standard Life Aberdeen PLC 577,260 2,913,817

130



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Growth Stock Trust (continued)

Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
United Kingdom (continued)
Unilever NV 121,155 $ 6,838,654
54,794,969
United States – 2.5%
Broadcom, Ltd. 40,486 9,540,531
TOTAL COMMON STOCKS (Cost $295,278,821) $ 369,264,751
 
SHORT-TERM INVESTMENTS – 4.4%
Money market funds – 4.4%
JPMorgan U.S. Treasury Plus Money
       Market Fund, Institutional Class,
       1.5271% (C) 16,972,391 16,972,391
TOTAL SHORT-TERM INVESTMENTS (Cost $16,972,391) $ 16,972,391
Total Investments (International Growth Stock Trust)
       (Cost $312,251,212) – 100.1% $ 386,237,142
Other assets and liabilities, net – (0.1%) (387,582 )
TOTAL NET ASSETS – 100.0% $ 385,849,560

Security Abbreviations and Legend

ADR         American Depositary Receipt
NVDR Non-Voting Depositary Receipt
(A) Non-income producing security.
(B) 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.
(C) The rate shown is the annualized seven-day yield as of 3-31-18.

International Small Company Trust

Shares or     
Principal
Amount       Value
COMMON STOCKS – 98.5%
Australia – 6.5%
Accent Group, Ltd. 15,993 $ 15,678
Adelaide Brighton, Ltd. (A) 30,493 146,674
AED Oil, Ltd. (B)(C) 17,758 0
Ainsworth Game Technology, Ltd. 10,192 14,538
Alkane Resources, Ltd. (A)(C) 4,753 1,082
ALS, Ltd. 19,191 110,438
Altium, Ltd. 4,532 70,054
AMA Group, Ltd. (A) 18,995 15,998
Amaysim Australia, Ltd. (A) 8,291 7,331
Ansell, Ltd. 7,661 149,975
AP Eagers, Ltd. (A) 6,106 39,954
APN Outdoor Group, Ltd. (A) 9,078 32,572
Appen, Ltd. 4,151 28,713
ARB Corp., Ltd. 5,039 77,138
Ardent Leisure Group 37,760 53,921
Asaleo Care, Ltd. 30,182 29,874
AUB Group, Ltd. 4,308 47,026
Ausdrill, Ltd. 22,890 47,796
Austal, Ltd. 23,155 32,385
Australian Agricultural
       Company, Ltd. (A)(C) 28,065 25,761
Australian Pharmaceutical
       Industries, Ltd. 14,352 16,635
Auswide Bank, Ltd. 607 2,563
Automotive Holdings Group, Ltd. (A) 19,175 52,087
Aveo Group 24,566 50,147
AWE, Ltd. (C) 41,252 30,141
Bapcor, Ltd. 13,468 59,238
Beach Energy, Ltd. 135,179 128,813
Bega Cheese, Ltd. 12,203 63,976
Bellamy’s Australia, Ltd. (A)(C) 4,706 72,453
Billabong International, Ltd. (C) 4,296 3,443
Blackmores, Ltd. 965 93,876
Blue Sky Alternative Investments, Ltd. 2,049 16,368
Bravura Solutions, Ltd. 5,624 11,776
Breville Group, Ltd. 7,320 65,958
Brickworks, Ltd. 3,795 45,612
BT Investment Management, Ltd. 7,964 62,152
BWX, Ltd. (A) 7,095 26,588
Cabcharge Australia, Ltd. (A) 9,047 12,459
Cardno, Ltd. (C) 15,086 15,102
Carnarvon Petroleum, Ltd. (C) 56,316 6,088
carsales.com, Ltd. 14,327 149,730
Cash Converters International, Ltd. (C) 14,501 4,358
Cedar Woods Properties, Ltd. 2,505 12,325
Cleanaway Waste Management, Ltd. 130,319 145,751
Clinuvel Pharmaceuticals, Ltd. (C) 2,335 17,715
Collins Foods, Ltd. (A) 10,053 40,252
Cooper Energy, Ltd. (A)(C) 90,165 20,914
Corporate Travel Management, Ltd. 2,621 47,685
Costa Group Holdings, Ltd. 11,326 59,842
Credit Corp. Group, Ltd. 2,881 43,050
CSG, Ltd. (C) 25,624 6,305
CSR, Ltd. 34,491 138,339
CuDeco, Ltd. (B)(C) 8,580 1,549
Data#3, Ltd. 9,073 11,127
Decmil Group, Ltd. (C) 2,109 1,896
Domain Holdings Australia, Ltd. 17,171 43,107
Domino’s Pizza Enterprises, Ltd. 1,411 45,466
Downer EDI, Ltd. 43,904 218,215
DuluxGroup, Ltd. 25,567 145,963
Eclipx Group, Ltd. 16,681 46,197
Elders, Ltd. 10,342 59,475
Energy Resources of
       Australia, Ltd. (A)(C) 12,909 4,873
Energy World Corp., Ltd. (C) 75,962 16,944
ERM Power, Ltd. 7,077 9,907
Estia Health, Ltd. 11,708 30,776
EVENT Hospitality and
       Entertainment, Ltd. 7,680 82,219
Evolution Mining, Ltd. 41,465 97,216
Fairfax Media, Ltd. 171,716 89,731
FAR, Ltd. (A)(C) 202,920 12,419
Finbar Group, Ltd. 8,370 6,193
Fleetwood Corp., Ltd. 5,216 11,441
FlexiGroup, Ltd. 20,305 28,235
Freedom Foods Group, Ltd. 6,442 26,007
G8 Education, Ltd. 27,130 55,220
Galaxy Resources, Ltd. (A)(C) 21,409 49,753
Gateway Lifestyle 18,361 28,021
Genworth Mortgage Insurance
       Australia, Ltd. 18,245 32,503
Gold Road Resources, Ltd. (A)(C) 68,792 43,270
GrainCorp, Ltd., Class A 13,614 89,143
Grange Resources, Ltd. 101,992 13,482
Greencross, Ltd. 8,132 33,134
GUD Holdings, Ltd. 6,093 56,275
GWA Group, Ltd. 22,398 58,333
Hansen Technologies, Ltd. 8,472 27,098
Healthscope, Ltd. 14,856 22,259
HT&E, Ltd. (A) 20,357 30,255
IDP Education, Ltd. 2,473 14,157
Iluka Resources, Ltd. 18,626 152,897
Imdex, Ltd. (C) 20,483 18,645
IMF Bentham, Ltd. (A) 11,295 22,531

131



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

Shares or
Principal
Amount       Value
COMMON STOCKS (continued)
Australia (continued)
Independence Group NL (A) 28,070 $ 100,576
Infigen Energy (C) 77,417 34,941
Infomedia, Ltd. 15,337 9,939
Integrated Research, Ltd. 3,367 10,109
International Ferro Metals, Ltd. (B)(C) 24,339 307
InvoCare, Ltd. 6,652 66,705
IOOF Holdings, Ltd. 21,064 166,148
IPH, Ltd. 5,872 15,411
IRESS, Ltd. 9,683 71,171
iSelect, Ltd. 10,270 8,076
iSentia Group, Ltd. (A) 3,943 2,541
IVE Group, Ltd. 11,452 19,088
Japara Healthcare, Ltd. 17,906 27,724
JB Hi-Fi, Ltd. (A) 7,885 157,652
Karoon Gas Australia, Ltd. (C) 6,513 5,803
Kingsgate Consolidated, Ltd. (C) 11,120 2,830
Lifestyle Communities, Ltd. 3,310 12,837
Link Administration Holdings, Ltd. 21,261 137,231
Lovisa Holdings, Ltd. 3,846 29,163
MACA, Ltd. 18,596 19,133
Macmahon Holdings, Ltd. (C) 112,440 18,771
Macquarie Atlas Roads Group 26,677 119,027
Magellan Financial Group, Ltd. 555 10,258
Mantra Group, Ltd. 19,992 60,476
Mayne Pharma Group, Ltd. (A)(C) 25,978 14,896
MC Mining, Ltd. (C) 1,423 658
McMillan Shakespeare, Ltd. 5,664 73,830
McPherson’s, Ltd. 7,978 7,703
Medusa Mining, Ltd. (C) 8,127 3,483
Melbourne IT, Ltd. 8,681 22,594
Mesoblast, Ltd. (A)(C) 10,212 11,792
Metals X, Ltd. (A) 35,107 19,621
Metcash, Ltd. 69,441 168,039
Mineral Resources, Ltd. 9,687 128,433
MMA Offshore, Ltd. (C) 46,658 8,795
MNF Group, Ltd. 4,137 17,752
Monadelphous Group, Ltd. 6,360 74,972
Monash IVF Group, Ltd. (A) 13,183 11,085
Mortgage Choice, Ltd. (A) 6,422 8,989
Mount Gibson Iron, Ltd. 62,063 18,197
Myer Holdings, Ltd. (A) 63,302 18,330
MYOB Group, Ltd. 16,661 39,269
MyState, Ltd. (A) 4,190 15,281
Navigator Global Investments, Ltd. 10,160 29,142
Navitas, Ltd. (A) 12,119 46,661
New Hope Corp., Ltd. 6,039 9,754
NEXTDC, Ltd. (C) 8,281 42,066
nib Holdings, Ltd. 32,498 160,859
Nick Scali, Ltd. 5,272 27,232
Nine Entertainment Company
       Holdings, Ltd. 56,425 99,098
Northern Star Resources, Ltd. 38,079 184,819
NRW Holdings, Ltd. (C) 36,145 36,993
Nufarm, Ltd. 16,312 106,616
OceanaGold Corp. 31,900 85,918
OFX Group, Ltd. (A) 14,134 18,446
oOh!media, Ltd. 9,463 33,627
Orora, Ltd. 59,877 152,975
OZ Minerals, Ltd. 18,232 127,514
Pacific Current Group, Ltd. 1,644 7,800
Paladin Energy, Ltd. (C) 2,376 310
Peet, Ltd. 13,800 15,111
Perpetual, Ltd. 3,182 114,747
Perseus Mining, Ltd. (A)(C) 111,479 40,464
Platinum Asset Management, Ltd. 8,057 36,494
PMP, Ltd. (C) 32,750 6,938
Premier Investments, Ltd. 6,565 80,232
Primary Health Care, Ltd. 37,790 114,205
Prime Media Group, Ltd. 17,812 4,121
Pro Medicus, Ltd. 1,780 11,244
Qube Holdings, Ltd. (A) 40,012 67,512
Quintis, Ltd. (A)(B)(C) 22,092 5,005
RCR Tomlinson, Ltd. 12,109 37,357
Reckon, Ltd. (C) 11,034 10,579
Regis Healthcare, Ltd. 5,231 14,756
Regis Resources, Ltd. 23,625 82,843
Resolute Mining, Ltd. 67,540 65,224
Retail Food Group, Ltd. (A) 8,541 6,108
Ridley Corp., Ltd. 19,156 22,014
Sandfire Resources NL 12,595 71,756
Saracen Mineral Holdings, Ltd. (C) 53,338 73,572
SeaLink Travel Group, Ltd. (A) 6,360 19,617
Select Harvests, Ltd. 5,587 23,975
Senex Energy, Ltd. (C) 87,382 27,244
Servcorp, Ltd. 3,171 12,237
Service Stream, Ltd. 10,465 13,126
Seven Group Holdings, Ltd. 8,784 119,367
Seven West Media, Ltd. 85,038 35,562
SG Fleet Group, Ltd. 7,879 23,244
Sigma Healthcare, Ltd. 86,903 52,339
Silex Systems, Ltd. (A)(C) 1,955 460
Silver Lake Resources, Ltd. (A)(C) 29,625 9,012
Sirtex Medical, Ltd. 4,444 95,018
SmartGroup Corp., Ltd. 3,870 32,656
Southern Cross Media Group, Ltd. 51,441 41,176
Spark Infrastructure Group 83,047 153,174
SpeedCast International, Ltd. 13,975 55,420
St. Barbara, Ltd. 33,049 101,937
Steadfast Group, Ltd. 30,796 59,991
Super Retail Group, Ltd. (A) 10,419 54,782
Superloop, Ltd. (A) 11,328 17,412
Syrah Resources, Ltd. (A)(C) 23,253 57,467
Tassal Group, Ltd. 13,458 39,378
Technology One, Ltd. 18,112 72,806
The Prime Retirement & Aged Care
       Property Trust (B)(C) 14,396 0
The Reject Shop, Ltd. 2,561 14,936
Tiger Resources, Ltd. (B)(C) 92,816 3,493
Tox Free Solutions, Ltd. 11,775 30,910
Troy Resources, Ltd. (C) 15,555 1,060
Villa World, Ltd. 5,140 9,565
Village Roadshow, Ltd. (A)(C) 4,755 11,437
Virgin Australia Holdings, Ltd. (A)(C) 221,832 37,664
Virgin Australia Holdings, Ltd. (B) 359,466 1,380
Virtus Health, Ltd. 8,064 33,723
Watpac, Ltd. (C) 11,170 6,571
Webjet, Ltd. (A) 10,819 92,310
Western Areas, Ltd. 18,795 45,912
Westgold Resources, Ltd. (C) 15,813 18,358
Whitehaven Coal, Ltd. 37,029 128,448
WorleyParsons, Ltd. 12,938 144,371
WPP AUNZ, Ltd. 25,254 17,855
9,739,722
Austria – 1.6%
Agrana Beteiligungs AG 181 21,237
ams AG 3,578 375,727
ANDRITZ AG (A) 2,760 154,334
Austria Technologie &
       Systemtechnik AG 2,410 65,439
CA Immobilien Anlagen AG 4,952 165,700

132



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Austria (continued)
DO & CO AG (A) 303 $ 19,237
EVN AG 3,092 60,357
FACC AG (C) 1,116 30,746
Flughafen Wien AG 265 10,891
IMMOFINANZ AG 27,298 71,087
Kapsch TrafficCom AG 191 9,364
Lenzing AG 504 62,325
Mayr Melnhof Karton AG 615 93,354
Oesterreichische Post AG 2,096 104,221
Palfinger AG 1,137 45,856
POLYTEC Holding AG 995 19,168
Porr AG (A) 648 22,308
Raiffeisen Bank International AG (C) 4,901 190,892
Rhi Magnesita NV (C) 2,041 124,677
Rosenbauer International AG 174 10,921
S IMMO AG 3,364 66,649
S&T AG 2,370 52,595
Schoeller-Bleckmann Oilfield Equipment
       AG (A) 944 104,113
Semperit AG Holding (A) 822 16,525
Strabag SE 893 35,367
Telekom Austria AG (C) 7,836 74,753
UNIQA Insurance Group AG 10,314 120,069
Verbund AG 654 18,979
Vienna Insurance Group AG 2,457 82,141
Wienerberger AG 7,937 198,466
Zumtobel Group AG (A) 2,545 23,941
2,451,439
Belgium – 1.9%
Ablynx NV (A)(C) 1,954 107,080
Ackermans & van Haaren NV 1,580 276,708
AGFA-Gevaert NV (C) 16,974 65,739
Banque Nationale de Belgique 12 43,974
Barco NV 827 101,953
Bekaert SA 2,225 94,802
Biocartis NV (A)(C)(D) 906 13,625
bpost SA 4,236 95,703
Celyad SA (A)(C) 493 17,164
Cie d’Entreprises CFE 584 79,587
Cie Immobiliere de Belgique SA 47 3,095
Deceuninck NV 7,720 27,570
D’ieteren SA 1,795 72,731
Econocom Group SA (C) 9,888 72,427
Elia System Operator SA 2,455 153,486
Euronav NV (A) 8,334 69,202
EVS Broadcast Equipment SA 811 26,246
Exmar NV (C) 1,567 10,134
Fagron 2,409 37,562
Galapagos NV (C) 2,715 270,984
Gimv NV 1,153 69,761
Ion Beam Applications (A) 1,305 26,315
Kinepolis Group NV 1,085 72,050
Lotus Bakeries (A) 13 38,084
Melexis NV 1,197 119,665
Nyrstar NV (A)(C) 5,514 38,933
Ontex Group NV (A) 3,927 104,928
Orange Belgium SA 2,358 48,224
Picanol 88 9,926
Recticel SA 2,296 28,850
Sioen Industries NV 374 13,704
Sipef SA 420 30,755
Tessenderlo Group SA (C) 2,049 85,898
ThromboGenics NV (A)(C) 1,612 8,371
TiGenix NV (C) 14,407 31,157
Umicore SA 8,022 424,967
Van de Velde NV 377 17,614
Viohalco SA (C) 7,173 30,901
2,839,875
Bermuda – 0.2%
Hiscox, Ltd. 16,221 330,956
Cambodia – 0.1%
NagaCorp, Ltd. 130,000 135,325
Canada – 7.9%
5N Plus, Inc. (C) 3,515 8,185
Absolute Software Corp. 3,900 20,100
Advantage Oil & Gas, Ltd. (C) 11,500 34,009
Aecon Group, Inc. 5,700 81,229
Africa Oil Corp. (A)(C) 34,602 31,692
Ag Growth International, Inc. (A) 1,100 45,901
AGF Management, Ltd., Class B 4,298 21,884
AGT Food & Ingredients, Inc. (A) 1,218 15,779
Aimia, Inc. (A) 6,977 9,369
AirBoss of America Corp. (A) 1,500 14,856
AKITA Drilling, Ltd., Class A 700 4,026
Alamos Gold, Inc., Class A 23,618 122,824
Alaris Royalty Corp. (A) 3,829 48,711
Alio Gold, Inc. (A)(C) 638 1,243
Altius Minerals Corp. 3,100 33,831
Altus Group, Ltd. 2,018 51,094
Andrew Peller, Ltd., Class A 1,800 25,344
Asanko Gold, Inc. (A)(C) 6,600 6,660
Athabasca Oil Corp. (A)(C) 42,135 38,919
ATS Automation Tooling
       Systems, Inc. (C) 7,747 106,372
AutoCanada, Inc. 1,985 34,266
Avigilon Corp. (C) 2,600 54,448
B2Gold Corp. (C) 52,656 144,274
Badger Daylighting, Ltd. (A) 2,322 46,445
Baytex Energy Corp. (A)(C) 18,400 50,415
Bellatrix Exploration, Ltd. (A)(C) 1,979 2,166
Birch Mountain Resources, Ltd. (B)(C) 9,200 1
Birchcliff Energy, Ltd. (A) 9,700 28,083
Bird Construction, Inc. 4,995 33,149
Black Diamond Group, Ltd. 2,750 4,973
BlackPearl Resources, Inc. (C) 24,200 19,723
BMTC Group, Inc. 500 5,996
Bonavista Energy Corp. (A) 13,661 12,512
Bonterra Energy Corp. (A) 2,200 22,609
Boralex, Inc., Class A 5,577 96,835
BRP, Inc. 1,500 57,609
Calfrac Well Services, Ltd. (C) 6,414 29,323
Canaccord Genuity Group, Inc. 6,371 34,269
Canacol Energy, Ltd. (C) 7,565 24,721
Canadian Western Bank (A) 6,115 156,868
Canfor Corp. (C) 5,300 120,740
Canfor Pulp Products, Inc. 2,715 34,961
CanWel Building Materials Group, Ltd. 3,600 17,744
Capital Power Corp. (A) 6,627 124,685
Capstone Mining Corp. (C) 29,467 27,446
Cara Operations, Ltd. 1,300 29,474
Cardinal Energy, Ltd. (A) 2,930 9,893
Cascades, Inc. 6,623 68,525
Celestica, Inc. (C) 13,919 144,014
Centerra Gold, Inc. (C) 14,877 85,335
CES Energy Solutions Corp. (A) 13,646 62,280
Chinook Energy, Inc. (A)(C) 3,544 523
Cineplex, Inc. (A) 3,000 73,000
Clearwater Seafoods, Inc. (A) 1,500 5,332
Cogeco, Inc. 445 23,657

133



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Canada (continued)
Colliers International Group, Inc. 2,300 $ 159,671
Computer Modelling Group, Ltd. 7,120 51,341
Continental Gold, Inc. (A)(C) 6,884 18,915
Copper Mountain Mining Corp. (C) 8,800 8,128
Corridor Resources, Inc. (C) 4,930 2,679
Corus Entertainment, Inc., B Shares (A) 11,806 55,440
Cott Corp. 10,900 160,325
Crew Energy, Inc. (C) 11,300 16,577
CRH Medical Corp. (A)(C) 1,900 4,808
Delphi Energy Corp. (A)(C) 20,245 13,671
Denison Mines Corp. (A)(C) 33,028 14,869
Detour Gold Corp. (C) 4,063 41,124
DHX Media, Ltd. 6,700 19,710
DIRTT Environmental Solutions (A)(C) 700 2,689
Dorel Industries, Inc., Class B 2,900 65,615
DREAM Unlimited Corp., Class A (C) 4,500 32,274
Dundee Precious Metals, Inc. (C) 8,500 20,321
ECN Capital Corp. 30,400 81,170
Eldorado Gold Corp. (A)(C) 81,669 68,462
Endeavour Silver Corp. (A)(C) 10,900 26,481
Enercare, Inc. (A) 5,502 75,333
Enerflex, Ltd. 6,400 76,302
Enerplus Corp. 11,735 131,983
Enghouse Systems, Ltd. 1,100 58,187
Ensign Energy Services, Inc. 14,200 66,572
Entertainment One, Ltd. 14,412 57,043
Epsilon Energy, Ltd. (C) 3,600 6,986
Equitable Group, Inc. (A) 996 41,499
Essential Energy Services, Ltd. (A)(C) 7,268 2,933
Evertz Technologies, Ltd. 1,712 22,936
Exchange Income Corp. (A) 568 13,605
Exco Technologies, Ltd. 1,500 10,583
Extendicare, Inc. (A) 6,230 40,910
Fiera Capital Corp. 3,035 25,889
Firm Capital Mortgage Investment Corp. 1,100 11,057
First Majestic Silver Corp. (A)(C) 16,681 102,156
First National Financial Corp. (A) 700 14,018
FirstService Corp. 2,300 168,543
Fission Uranium Corp. (A)(C) 19,500 9,535
Fortuna Silver Mines, Inc. (C) 16,967 88,499
Freehold Royalties, Ltd. 2,200 21,089
Gamehost, Inc. 100 819
Genworth MI Canada, Inc. (A) 3,888 123,730
Gibson Energy, Inc. (A) 7,398 95,378
Glacier Media, Inc. (C) 6,100 3,314
Gluskin Sheff + Associates, Inc. (A) 2,500 28,292
GMP Capital, Inc. 3,026 6,506
goeasy, Ltd. (A) 672 19,810
Golden Star Resources, Ltd. (C) 25,056 14,781
Gran Tierra Energy, Inc. (C) 34,066 94,661
Granite Oil Corp. (A) 1,167 2,400
Great Canadian Gaming Corp. (C) 3,500 88,943
Great Panther Silver, Ltd. (A)(C) 14,100 16,526
Guardian Capital Group, Ltd., Class A 600 11,457
Guyana Goldfields, Inc. (C) 6,600 25,512
Hanfeng Evergreen, Inc. (B)(C) 200 1
Heroux-Devtek, Inc. (C) 2,700 31,415
High Liner Foods, Inc. (A) 1,773 15,344
Home Capital Group, Inc. (A)(C) 5,679 59,772
Horizon North Logistics, Inc. (A) 8,109 13,218
Hudbay Minerals, Inc. 18,257 129,238
Hudson’s Bay Company (A) 4,000 27,694
IAMGOLD Corp. (C) 42,028 217,912
Imperial Metals Corp. (A)(C) 4,600 7,641
Innergex Renewable Energy, Inc. 7,800 79,735
Interfor Corp. (C) 4,720 86,058
International Tower Hill Mines, Ltd. (C) 2,300 1,160
Intertape Polymer Group, Inc. 5,900 94,841
Iron Bridge Resources, Inc. (A)(C) 10,900 4,315
Just Energy Group, Inc. 5,840 25,792
KAB Distribution, Inc. (B)(C) 7,076 0
K-Bro Linen, Inc. 600 16,873
Kelt Exploration, Ltd. (C) 10,445 55,778
Kinaxis, Inc. (C) 468 30,092
Kingsway Financial Services, Inc. (C) 425 1,620
Kirkland Lake Gold, Ltd. 9,062 140,465
Klondex Mines, Ltd. (A)(C) 11,500 27,225
Knight Therapeutics, Inc. (C) 6,000 36,093
Labrador Iron Ore Royalty Corp. (A) 1,400 22,929
Laurentian Bank of Canada 3,414 125,499
Leon’s Furniture, Ltd. 1,883 24,847
Liquor Stores N.A., Ltd. (A) 1,500 11,422
Lucara Diamond Corp. 25,184 39,290
Magellan Aerospace Corp. 900 13,650
Major Drilling Group
       International, Inc. (C) 6,800 35,152
Mandalay Resources Corp. (A) 9,500 1,438
Martinrea International, Inc. 8,493 100,398
Medical Facilities Corp. (A) 2,104 22,912
MEG Energy Corp. (C) 18,588 65,646
Mitel Networks Corp. (C) 7,200 66,727
Morguard Corp. 200 26,362
Morneau Shepell, Inc. 3,098 62,160
Mountain Province Diamonds, Inc. (C) 6,800 16,890
MTY Food Group, Inc. 1,513 59,188
Mullen Group, Ltd. 6,082 69,537
Nevsun Resources, Ltd. 32,430 77,277
New Flyer Industries, Inc. 2,279 103,589
New Gold, Inc. (C) 46,215 119,811
Newalta Corp. (A)(C) 4,200 4,042
Norbord, Inc. 1,572 56,994
Northland Power, Inc. (A) 4,566 81,549
NuVista Energy, Ltd. (C) 17,105 93,733
Obsidian Energy, Ltd. (C) 47,519 47,580
Osisko Gold Royalties, Ltd. (A) 7,495 72,370
Painted Pony Energy, Ltd. (A)(C) 7,448 12,314
Pan American Silver Corp. 15,300 246,657
Paramount Resources, Ltd.,
       Class A (A)(C) 8,573 98,682
Parex Resources, Inc. (C) 8,116 114,147
Parkland Fuel Corp. (A) 4,934 111,023
Pason Systems, Inc. 7,436 99,562
Pengrowth Energy Corp. (A)(C) 37,750 24,320
PHX Energy Services Corp. (A)(C) 1,500 2,259
Pizza Pizza Royalty Corp. 1,729 18,990
Platinum Group Metals, Ltd. (C) 500 146
Polaris Infrastructure, Inc. 1,500 20,701
PolyMet Mining Corp. (A)(C) 11,854 10,305
Precision Drilling Corp. (C) 21,659 60,185
Premier Gold Mines, Ltd. (C) 4,127 9,033
Premium Brands Holdings Corp. 1,400 128,769
Pulse Seismic, Inc. (A) 2,882 6,577
Quarterhill, Inc. (A) 9,800 14,224
Questerre Energy Corp., Class A (A)(C) 19,444 16,450
Raging River Exploration, Inc. (C) 10,500 50,856
Reitmans Canada, Ltd., Class A 3,200 10,010
Richelieu Hardware, Ltd. (A) 5,200 121,569
Rocky Mountain Dealerships, Inc. 100 952
Rogers Sugar, Inc. 6,474 31,155
Russel Metals, Inc. 5,889 128,261

134



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Canada (continued)
Sabina Gold & Silver Corp. (C) 20,475 $ 25,110
Sandstorm Gold, Ltd. (A)(C) 16,231 77,353
Savaria Corp. 2,300 30,795
Seabridge Gold, Inc. (A)(C) 1,222 13,260
Secure Energy Services, Inc. 11,054 62,977
SEMAFO, Inc. (C) 28,678 82,583
ShawCor, Ltd. 3,073 58,199
Sienna Senior Living, Inc. (A) 1,555 21,520
Sierra Wireless, Inc. (A)(C) 2,900 47,833
Sleep Country Canada Holdings, Inc. (D) 1,000 26,476
Spartan Energy Corp. (A)(C) 8,073 35,968
Sprott, Inc. (A) 9,900 23,898
SSR Mining, Inc. (C) 8,562 82,473
Stantec, Inc. (A) 4,122 101,710
Stella-Jones, Inc. 3,200 113,038
Stornoway Diamond Corp. (C) 23,000 9,997
Stuart Olson, Inc. 1,600 9,289
Student Transportation, Inc. (A) 5,290 39,582
SunOpta, Inc. (C) 8,008 57,122
Superior Plus Corp. 9,057 86,749
Surge Energy, Inc. (A) 16,100 24,618
Tamarack Valley Energy, Ltd. (C) 1,249 2,714
Taseko Mines, Ltd. (C) 16,100 18,995
Teranga Gold Corp. (C) 3,900 13,592
TFI International, Inc. 5,885 151,242
The Descartes Systems Group, Inc. (C) 7,200 205,770
The Intertain Group, Ltd. (C) 1,200 13,506
The Jean Coutu Group, Inc., Class A 2,507 47,791
The North West Company, Inc. 3,683 77,271
The Stars Group, Inc. (C) 3,600 99,364
Theratechnologies, Inc. (C) 2,700 19,553
Timbercreek Financial Corp. 6,000 42,333
TLC Vision Corp. (C) 3,400 1
TMAC Resources, Inc. (A)(C) 2,100 12,910
TMX Group, Ltd. 2,506 145,398
TORC Oil & Gas, Ltd. 9,480 48,564
Toromont Industries, Ltd. 4,468 193,965
Torstar Corp., Class B 6,800 9,448
Total Energy Services, Inc. 3,132 33,426
TransAlta Corp. 22,482 121,803
TransAlta Renewables, Inc. (A) 2,998 27,575
Transcontinental, Inc., Class A 6,983 137,942
TransGlobe Energy Corp. (C) 5,600 7,520
Trevali Mining Corp. (C) 14,400 14,530
Trican Well Service, Ltd. (C) 26,009 60,564
Tricon Capital Group, Inc. 6,900 52,754
Trinidad Drilling, Ltd. (A)(C) 17,619 24,343
Uni-Select, Inc. 4,201 65,215
Valener, Inc. (A) 3,089 48,480
Vecima Networks, Inc. 479 3,618
Wajax Corp. 1,300 24,580
Wesdome Gold Mines, Ltd. (A)(C) 8,000 12,171
Western Energy Services Corp. (C) 3,316 2,703
Western Forest Products, Inc. 25,850 51,967
Westshore Terminals Investment Corp. 4,189 72,442
Whitecap Resources, Inc. 17,168 105,006
Winpak, Ltd. 2,877 108,193
Xtreme Drilling Corp. (C) 1,478 2,455
Yamana Gold, Inc. 25,604 70,750
Yellow Pages, Ltd. (C) 200 1,085
ZCL Composites, Inc. (A) 3,500 31,894
Zenith Capital Corp. (B)(C) 1,700 290
11,925,073
China – 0.1%
China Gold International Resources
       Corp., Ltd. (A)(C) 18,050 37,267
FIH Mobile, Ltd. 195,000 42,405
Goodbaby International Holdings, Ltd. 71,000 48,617
Microport Scientific Corp. 28,000 30,380
Sino Gas & Energy Holdings, Ltd. (C) 131,192 15,208
173,877
Denmark – 2.2%
ALK-Abello A/S (A)(C) 491 61,590
Alm Brand A/S 6,541 66,852
Amagerbanken A/S (B)(C) 25,580 0
Ambu A/S, Series B 6,852 155,087
Bang & Olufsen A/S (C) 3,937 99,856
Bavarian Nordic A/S (C) 2,241 70,329
D/S Norden A/S (C) 2,246 40,513
Dfds A/S 2,262 127,384
FLSmidth & Company A/S (A) 2,430 157,113
GN Store Nord A/S 8,454 299,845
H+H International A/S, Class B (C) 688 15,020
IC Group A/S 807 18,744
Jyske Bank A/S 3,410 202,740
Lan & Spar Bank A/S 225 17,674
Matas A/S 613 6,646
Nilfisk Holding A/S (C) 2,134 100,680
NKT A/S (A)(C) 2,134 69,725
NNIT A/S (D) 479 13,708
Per Aarsleff Holding A/S 1,380 51,722
Ringkjoebing Landbobank A/S 1,650 90,692
Rockwool International A/S, A Shares 192 52,031
Rockwool International A/S, B Shares 501 149,242
Royal Unibrew A/S 3,087 204,942
Santa Fe Group A/S (C) 800 4,833
Scandinavian Tobacco Group A/S (D) 1,396 24,632
Schouw & Company A/S 1,093 108,274
SimCorp A/S 2,989 208,904
Solar A/S, B Shares 410 27,056
Spar Nord Bank A/S 7,501 89,467
Sydbank A/S 4,912 181,446
TDC A/S (C) 39,215 324,958
Topdanmark A/S (C) 4,267 201,478
United International Enterprises 128 28,361
Vestjysk Bank A/S (C) 23,113 10,196
Zealand Pharma A/S (A)(C) 1,273 19,743
3,301,483
Finland – 2.6%
Aktia Bank OYJ 2,328 26,319
Alma Media OYJ 4,110 35,853
Amer Sports OYJ (C) 8,819 272,156
Apetit OYJ 696 12,137
Atria OYJ 1,021 15,496
BasWare OYJ (C) 538 28,964
Bittium OYJ 2,708 19,957
Cargotec OYJ, B Shares 2,603 138,674
Caverion OYJ (C) 6,387 48,361
Citycon OYJ 27,617 62,144
Cramo OYJ 2,993 62,439
Elisa OYJ 6,974 315,430
Ferratum OYJ 459 14,503
Finnair OYJ 6,214 86,542
Fiskars OYJ ABP 3,218 80,244
F-Secure OYJ 7,159 32,269
HKScan OYJ, A Shares 316 1,193
Huhtamaki OYJ 6,337 278,069
Ilkka-Yhtyma OYJ 1,535 6,260

135



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Finland (continued)
Kemira OYJ 8,860 $ 113,465
Kesko OYJ, A Shares 690 38,669
Kesko OYJ, B Shares 4,517 258,698
Konecranes OYJ 3,667 159,173
Lassila & Tikanoja OYJ 1,929 40,032
Metsa Board OYJ 17,392 174,609
Metso OYJ 6,038 190,502
Nokian Renkaat OYJ 7,620 346,058
Olvi OYJ, A Shares 1,172 40,538
Oriola OYJ, B Shares 9,290 28,138
Orion OYJ, Class A 1,226 42,097
Outokumpu OYJ 19,116 130,366
Outotec OYJ (C) 13,940 124,571
Pihlajalinna OYJ 1,193 18,548
Poyry OYJ 2,864 18,697
Raisio OYJ 8,267 36,801
Ramirent OYJ 4,765 39,333
Rapala VMC OYJ 2,298 10,112
Sanoma OYJ 4,712 55,335
Stockmann OYJ ABP, B Shares (C) 2,666 12,471
Technopolis OYJ 13,263 59,961
Tieto OYJ 3,984 132,705
Tikkurila OYJ 2,646 50,900
Tokmanni Group Corp. 1,285 10,483
Uponor OYJ 3,834 64,049
Vaisala OYJ, A Shares 206 10,993
Valmet OYJ 6,258 125,459
YIT OYJ 10,171 85,196
3,954,969
France – 4.8%
ABC arbitrage 1,818 15,031
Air France-KLM (C) 8,947 99,838
Akka Technologies 546 33,247
Albioma SA 1,912 45,352
Altamir 752 12,185
Alten SA 1,830 176,421
Altran Technologies SA (A) 10,128 150,068
APRIL SA 1,212 22,539
Assystem 1,078 36,933
Aubay 399 20,512
Axway Software SA 531 11,768
Bastide le Confort Medical 256 14,555
Beneteau SA 2,042 44,485
Boiron SA 604 50,895
Bonduelle SCA 1,027 43,470
Burelle SA 21 34,906
Casino Guichard Perrachon SA (A) 1,891 92,619
Cegedim SA (C) 186 8,588
CGG SA (C) 4,556 9,039
Chargeurs SA 1,176 34,393
Cie des Alpes 874 31,765
Cie Plastic Omnium SA 3,161 151,514
Coface SA 8,794 100,535
Derichebourg SA 6,876 60,559
Devoteam SA 287 30,409
Edenred 10,506 365,426
Electricite de Strasbourg SA 81 13,129
Elior Group SA (D) 4,020 87,447
Elis SA 3,570 88,396
Eramet (C) 720 99,235
Europcar Groupe SA (D) 2,809 31,263
Eutelsat Communications SA 3,220 63,822
Exel Industries SA, A Shares 89 11,664
Faurecia SA 3 243
Fnac Darty SA (C) 1,583 169,410
Gaztransport Et Technigaz SA 1,656 103,826
Getlink SE 9,439 134,750
GL Events 868 26,117
Groupe Crit 163 17,526
Groupe Open 410 17,112
Guerbet 508 40,401
Haulotte Group SA 962 19,836
ID Logistics Group (C) 88 15,697
Imerys SA 1,191 115,746
Ingenico Group SA 2,533 205,597
Interparfums SA 329 15,148
IPSOS 2,286 89,832
Jacquet Metal Service 1,278 46,215
Kaufman & Broad SA 699 36,785
Korian SA 2,456 83,111
Lagardere SCA 7,152 204,291
Laurent-Perrier 110 12,833
Lectra 1,346 38,012
LISI 1,205 48,548
LNA Sante SA 511 35,589
Manitou BF SA 880 37,408
Manutan International 105 11,662
Mersen SA 1,171 53,333
Metropole Television SA 2,097 54,027
MGI Coutier 725 27,326
Naturex (C) 388 64,026
Neopost SA 2,259 59,517
Nexans SA 2,031 105,206
Nexity SA 2,360 151,148
Nicox (A)(C) 546 6,089
NRJ Group (C) 782 8,295
Oeneo SA 1,331 16,649
Onxeo SA (A)(C) 4,617 7,593
Orpea 1,922 244,071
Parrot SA (C) 1,788 11,496
Pierre & Vacances SA (C) 142 6,350
Plastivaloire 383 8,608
Rallye SA (A) 1,771 26,611
Recylex SA (A)(C) 1,058 13,423
Rexel SA 15,436 261,482
Robertet SA 135 83,055
Rothschild & Company 1,017 37,494
Rubis SCA 5,550 400,869
Sartorius Stedim Biotech 1,212 109,415
Savencia SA 372 39,913
Seche Environnement SA 335 12,373
Societe pour l’Informatique Industrielle 438 13,603
SOITEC (C) 773 56,231
Solocal Group (A)(C) 36,459 51,653
Somfy SA 589 59,818
Sopra Steria Group 1,112 226,968
SPIE SA 2,798 61,910
Ste Industrielle d’Aviation Latecoere
       SA (C) 5,397 33,109
Stef SA 202 25,370
Synergie SA 557 35,068
Tarkett SA 1,163 38,980
Technicolor SA 18,529 31,331
Teleperformance 1,019 158,023
Television Francaise 1 6,050 82,158
Tessi SA (C) 58 12,327
Thermador Groupe 96 13,586
Trigano SA 740 133,942
Ubisoft Entertainment SA (C) 5,347 452,528
Vallourec SA (A)(C) 19,754 104,945

136



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
France (continued)
Valneva SE (A)(C) 1,912 $ 8,379
Vetoquinol SA 56 3,809
Vicat SA 1,185 89,511
VIEL & Cie SA 6,040 42,906
Vilmorin & Cie SA 559 48,650
Virbac SA (A)(C) 350 51,444
7,262,321
Gabon – 0.0%
Total Gabon 20 3,628
Georgia – 0.1%
BGEO Group PLC 2,491 124,310
Germany – 5.8%
Aareal Bank AG 4,192 199,984
ADLER Real Estate AG (C) 984 16,611
ADO Properties SA (D) 1,457 81,949
ADVA Optical Networking SE (C) 2,463 16,254
AIXTRON SE (C) 3,257 63,023
Allgeier SE 498 15,836
Amadeus Fire AG 346 38,671
Aurubis AG 2,413 202,797
Axel Springer SE 913 76,375
Basler AG 54 11,529
Bauer AG 959 22,614
BayWa AG 1,025 36,173
Bechtle AG 2,124 172,297
Bertrandt AG 394 44,981
Bijou Brigitte AG 340 19,106
Bilfinger SE 2,311 105,393
Borussia Dortmund GmbH &
       Company KGaA 5,769 36,317
CANCOM SE 1,131 116,715
Carl Zeiss Meditec AG 1,671 106,516
CECONOMY AG 3,666 42,149
CENIT AG 446 11,154
CENTROTEC Sustainable AG 476 8,249
Cewe Stiftung & Company KGaA 503 49,470
comdirect bank AG 2,610 37,893
CompuGroup Medical SE 1,153 62,368
CropEnergies AG 1,544 9,850
CTS Eventim AG & Company KGaA 3,354 157,230
Delticom AG 491 5,723
Deutsche Beteiligungs AG 829 40,179
Deutsche EuroShop AG 1,500 55,027
Deutsche Pfandbriefbank AG (D) 5,366 84,603
Deutz AG 7,001 64,270
DIC Asset AG 3,031 38,243
DMG Mori AG 1,737 99,639
Draegerwerk AG & Company KGaA 82 6,050
Duerr AG 1,814 199,347
Elmos Semiconductor AG 566 17,386
ElringKlinger AG 2,576 48,178
Fielmann AG 628 50,769
Freenet AG 8,192 249,315
FUCHS PETROLUB SE 1,054 53,750
Gerresheimer AG 1,930 158,598
Gerry Weber International AG 2,449 23,639
Gesco AG 885 31,093
GFT Technologies SE 961 15,442
Grammer AG 1,191 74,803
GRENKE AG 643 68,143
H&R GmbH & Company KGaA (C) 1,324 19,999
Hamburger Hafen und Logistik AG 2,218 49,906
Heidelberger Druckmaschinen AG (C) 18,003 67,546
Hella GmbH & Company KGaA 1,541 101,446
Hornbach Baumarkt AG 249 8,579
HUGO BOSS AG 3,048 265,533
Indus Holding AG 1,395 97,766
Isra Vision AG 212 44,708
Jenoptik AG 4,362 154,588
K+S AG 9,769 282,149
Kloeckner & Company SE 4,625 58,111
Koenig & Bauer AG 506 46,451
Krones AG 1,001 134,856
KWS Saat SE 137 53,171
LANXESS AG 3,724 285,468
LEG Immobilien AG 3,111 349,819
Leifheit AG 437 12,884
Leoni AG 2,398 153,402
Manz AG (C) 233 9,001
Medigene AG (C) 760 13,584
MLP SE 5,864 35,737
Nemetschek SE 1,243 139,394
Nexus AG 546 17,074
Nordex SE (C) 4,553 39,692
Norma Group SE 2,215 166,016
OHB SE 399 17,294
OSRAM Licht AG 2,844 209,282
paragon AG 209 17,488
PATRIZIA Immobilien AG (C) 2,621 58,166
Pfeiffer Vacuum Technology AG 467 72,608
PNE Wind AG 4,544 14,664
Puma SE 153 74,746
QSC AG 6,549 11,453
Rational AG 139 87,440
Rheinmetall AG 2,634 373,882
RHOEN-KLINIKUM AG 2,861 96,331
RIB Software SE 1,641 34,969
SAF-Holland SA 4,007 80,941
Salzgitter AG 2,631 134,592
Schaltbau Holding AG (C) 657 20,870
SHW AG 14 614
Siltronic AG (C) 860 147,501
Sixt SE 1,086 118,014
SMA Solar Technology AG 916 51,928
Software AG 3,732 195,639
Stroeer SE & Company KGaA 1,951 136,341
Suedzucker AG 5,201 88,243
SUESS MicroTec SE (C) 2,259 34,509
Surteco SE 496 15,429
TAG Immobilien AG 6,757 140,195
Takkt AG 2,476 56,407
Technotrans AG 184 9,105
Tele Columbus AG (C)(D) 1,029 11,117
TLG Immobilien AG 3,423 93,958
Tom Tailor Holding SE (C) 946 9,900
Traffic Systems SE 106 2,612
Uniper SE 3,385 103,158
Vossloh AG (C) 859 43,040
VTG AG 729 41,278
Wacker Chemie AG 578 94,985
Wacker Neuson SE 2,553 88,476
Washtec AG 850 81,092
Wuestenrot & Wuerttembergische AG 1,566 37,000
XING SE 155 45,185
8,703,033
Gibraltar – 0.0%
888 Holdings PLC 12,231 46,301

137



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Greece - 0.0%
Alapis Holding Industrial & Commercial
       SA of Pharmaceutical Chemical
       Products (B)(C) 3,303 $ 167
TT Hellenic Postbank SA (B)(C) 12,594 0
167
Guernsey, Channel Islands - 0.0%
Raven Russia, Ltd. (C) 6,473 3,951
Hong Kong - 2.7%
Agritrade Resources, Ltd. (A) 130,000 20,438
Allied Group, Ltd. 6,000 38,634
Allied Properties HK, Ltd. 160,000 33,435
APAC Resources, Ltd. 10,264 1,763
APT Satellite Holdings, Ltd. 32,250 14,842
Asia Financial Holdings, Ltd. 26,000 15,302
Asia Satellite Telecommunications
       Holdings, Ltd. 2,500 2,213
Associated International Hotels, Ltd. 28,000 90,918
Beijing Gas Blue Sky Holdings, Ltd. (C) 328,000 23,072
BOE Varitronix, Ltd. 18,000 9,237
Bonjour Holdings, Ltd. (C) 162,800 4,744
Bright Smart Securities & Commodities
       Group, Ltd. (A) 26,000 8,397
Brightoil Petroleum
       Holdings, Ltd. (B)(C) 117,000 20,126
Brockman Mining, Ltd. (C) 740,840 10,927
Burwill Holdings, Ltd. (C) 292,000 12,942
Cafe de Coral Holdings, Ltd. 26,000 65,049
Camsing International Holding, Ltd. (C) 16,000 11,831
Champion Technology Holdings, Ltd. (C) 27,261 3,096
Chen Hsong Holdings 10,000 2,915
Cheuk Nang Holdings, Ltd. 3,266 1,999
China Energy Development
       Holdings, Ltd. (C) 634,000 6,384
China Goldjoy Group, Ltd. 92,000 6,871
China LNG Group, Ltd. (A)(C) 76,000 11,645
China Medical & HealthCare
       Group, Ltd. (C) 470,000 14,450
China Shandong Hi-Speed Financial
       Group, Ltd. (C) 438,000 16,858
China Solar Energy
       Holdings, Ltd. (B)(C) 42,500 975
China Strategic Holdings, Ltd. (C) 885,000 10,106
Chinese Estates Holdings, Ltd. (A) 22,000 33,122
Chong Hing Bank, Ltd. 10,000 20,006
Chow Sang Sang Holdings
       International, Ltd. 22,000 46,336
Chuang’s Consortium International, Ltd. 30,948 7,057
CITIC Telecom International
       Holdings, Ltd. 112,000 32,526
CK Life Sciences International
       Holdings, Inc. 282,000 20,496
CP Lotus Corp. (C) 220,000 3,270
CSI Properties, Ltd. 245,066 15,104
CST Group, Ltd. (C) 2,210,240 9,651
Dah Sing Banking Group, Ltd. 34,400 75,295
Dah Sing Financial Holdings, Ltd. 10,920 69,443
Dickson Concepts International, Ltd. 29,000 10,549
EganaGoldpfeil Holdings, Ltd. (B)(C) 103,373 0
Emperor Capital Group, Ltd. (A) 192,000 14,818
Emperor Entertainment Hotel, Ltd. 40,000 8,391
Emperor International Holdings, Ltd. (A) 97,333 29,303
Enerchina Holdings, Ltd. 102,000 6,549
Esprit Holdings, Ltd. (A)(C) 117,900 40,232
eSun Holdings, Ltd. (C) 74,000 12,249
Fairwood Holdings, Ltd. 3,500 13,759
Far East Consortium
       International, Ltd. (A) 102,809 56,351
First Pacific Company, Ltd. 68,000 36,956
Freeman FinTech Corp., Ltd. (C) 320,000 57,417
Future Bright Holdings, Ltd. (A) 6,000 560
GCL New Energy Holdings, Ltd. (C) 366,000 21,039
Get Nice Financial Group, Ltd. 14,775 2,621
Get Nice Holdings, Ltd. 591,000 21,949
Giordano International, Ltd. (A) 100,000 58,771
Global Brands Group
       Holding, Ltd. (A)(C) 304,000 17,201
Glorious Sun Enterprises, Ltd. 96,000 10,795
Gold-Finance Holdings, Ltd. (A)(C) 62,000 20,159
Great Eagle Holdings, Ltd. 5,000 25,439
G-Resources Group, Ltd. (C) 2,014,800 18,816
Guotai Junan International Holdings, Ltd. 131,000 38,194
Haitong International Securities
       Group, Ltd. 110,713 65,074
Hang Fung Gold Technology, Ltd. (B)(C) 90,000 0
Hanison Construction Holdings, Ltd. 27,441 5,018
Harbour Centre Development, Ltd. 38,000 70,654
HKBN, Ltd. 49,000 57,894
HKR International, Ltd. 47,200 28,378
Hong Kong Aircraft Engineering
       Company, Ltd. 2,000 11,646
Hong Kong Ferry Holdings
       Company, Ltd. 29,000 33,226
Hong Kong International Construction
       Investment Management Group
       Company, Ltd. (A) 36,000 9,786
Hongkong Chinese, Ltd. 66,000 11,786
Hopewell Holdings, Ltd. 29,500 113,063
Hsin Chong Group
       Holdings, Ltd. (A)(B)(C) 170,000 7,581
Hung Hing Printing Group, Ltd. 82,000 18,832
Hutchison Telecommunications Hong
       Kong Holdings, Ltd. (A) 136,000 48,163
Imagi International Holdings, Ltd. (C) 3,984 548
IT, Ltd. 44,601 20,750
Johnson Electric Holdings, Ltd. 17,000 63,971
Kerry Logistics Network, Ltd. 36,000 53,261
Kowloon Development
       Company, Ltd. (A) 22,000 24,811
Lai Sun Development Company, Ltd. 15,320 25,252
Lifestyle International Holdings, Ltd. (A) 37,500 61,763
Lippo China Resources, Ltd. 36,000 1,173
Liu Chong Hing Investment, Ltd. 16,000 25,956
Luk Fook Holdings International, Ltd. 26,000 94,902
Man Wah Holdings, Ltd. 89,600 71,465
Mandarin Oriental International, Ltd. 8,000 19,187
Mason Group Holdings, Ltd. (C) 1,548,800 25,495
Midland Holdings, Ltd. (C) 48,000 13,181
Midland IC&I, Ltd. (C) 24,000 1,083
Miramar Hotel & Investment
       Company, Ltd. 15,000 29,711
Nameson Holdings, Ltd. 62,000 13,344
New Times Energy Corp., Ltd. (C) 59,175 1,410
NewOcean Energy Holdings, Ltd. (C) 66,000 15,058
OP Financial Investments, Ltd. (A) 108,000 43,580
Orient Overseas International, Ltd. 12,500 113,245
Pacific Andes International
       Holdings, Ltd. (B)(C) 328,006 6,102
Pacific Basin Shipping, Ltd. (C) 294,000 79,197
Pacific Textiles Holdings, Ltd. 51,000 48,891
Paliburg Holdings, Ltd. 46,000 20,332

138



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Hong Kong (continued)
Paradise Entertainment, Ltd. (C) 52,000 $ 6,732
Peace Mark Holdings, Ltd. (B)(C) 164,000 0
Pearl Oriental Oil, Ltd. (C) 186,000 3,605
Pico Far East Holdings, Ltd. 60,000 23,019
Playmates Holdings, Ltd. 78,000 10,472
Playmates Toys, Ltd. 8,000 878
Polytec Asset Holdings, Ltd. 150,000 12,665
PYI Corp., Ltd. (C) 372,000 6,902
Realord Group Holdings, Ltd. (A)(C) 36,000 21,565
Regal Hotels International Holdings, Ltd. 36,000 25,608
Regina Miracle International
       Holdings, Ltd. (A)(D) 17,000 14,889
Sa Sa International Holdings, Ltd. 59,288 30,820
SEA Holdings, Ltd. (A) 19,268 39,730
Shenwan Hongyuan HK, Ltd. 20,000 6,194
Shun Tak Holdings, Ltd. (A) 130,250 54,118
Singamas Container Holdings, Ltd. 114,000 19,119
SITC International Holdings
       Company, Ltd. 64,000 64,049
Sitoy Group Holdings, Ltd. 14,000 2,966
SmarTone Telecommunications
       Holdings, Ltd. (A) 31,500 33,609
SOCAM Development, Ltd. (C) 16,674 3,590
South China Holdings Company, Ltd. (C) 640,000 25,159
Stella International Holdings, Ltd. 34,500 46,351
Summit Ascent Holdings, Ltd. (A)(C) 90,000 10,577
Sun Hung Kai & Company, Ltd. 45,000 28,141
TAI Cheung Holdings, Ltd. 46,000 51,338
Tao Heung Holdings, Ltd. 14,000 2,593
Television Broadcasts, Ltd. (A) 19,100 63,493
Texwinca Holdings, Ltd. 60,000 31,553
The Cross-Harbour Holdings, Ltd. (A) 18,000 29,393
The Hongkong & Shanghai
       Hotels, Ltd. (A) 45,500 69,666
The United Laboratories International
       Holdings, Ltd. (A)(C) 42,000 43,701
TOM Group, Ltd. (C) 52,000 14,861
Town Health International Medical
       Group, Ltd. (A)(B) 264,000 23,211
Tradelink Electronic Commerce, Ltd. 50,000 8,448
Transport International Holdings, Ltd. 19,200 56,583
Trinity, Ltd. (C) 74,000 7,155
Upbest Group, Ltd. 164,000 22,816
Value Partners Group, Ltd. (A) 39,000 36,747
Victory City International
       Holdings, Ltd. (C) 113,060 1,665
Vitasoy International Holdings, Ltd. 54,000 139,359
VSTECS Holdings, Ltd. 45,200 23,961
VTech Holdings, Ltd. (A) 6,900 87,562
Wai Kee Holdings, Ltd. 68,000 40,141
Wing On Company International, Ltd. 4,000 14,851
Wing Tai Properties, Ltd. 86,000 66,393
Yuan Heng Gas Holdings, Ltd. (C) 96,000 10,064
Yugang International, Ltd. 312,000 8,310
Yunfeng Financial Group, Ltd. (C) 20,000 10,774
4,023,758
India – 0.1%
Vedanta Resources PLC 7,388 73,416
Ireland – 0.7%
C&C Group PLC 19,897 65,001
FBD Holdings PLC (C) 1,839 27,486
Glanbia PLC 8,183 140,855
Grafton Group PLC 12,401 133,886
Greencore Group PLC 76,209 141,655
Hostelworld Group PLC (D) 3,022 16,171
IFG Group PLC 8,615 22,178
Irish Continental Group PLC 6,583 46,305
Kingspan Group PLC 5,045 213,640
Smurfit Kappa Group PLC 2,327 94,470
UDG Healthcare PLC 13,424 163,527
1,065,174
Isle of Man – 0.3%
GVC Holdings PLC 26,230 338,936
Hansard Global PLC 6,816 7,571
Playtech PLC 12,183 125,300
471,807
Israel – 0.7%
ADO Group, Ltd. (C) 940 18,146
Africa Israel Properties, Ltd. (C) 558 13,743
Airport City, Ltd. (C) 5,177 55,964
Alony Hetz Properties &
       Investments, Ltd. 1,333 12,051
Alrov Properties and Lodgings, Ltd. 399 13,810
Amot Investments, Ltd. 4,144 22,240
Bayside Land Corp. 50 23,592
Big Shopping Centers, Ltd. 168 11,197
Blue Square Real Estate, Ltd. 215 8,044
Cellcom Israel, Ltd. (C) 1,966 13,959
Cellcom Israel, Ltd. (New York Stock
       Exchange) (C) 825 5,871
Clal Biotechnology Industries, Ltd. (C) 3,950 3,164
Clal Insurance Enterprises
       Holdings, Ltd. (C) 1,200 21,703
Compugen, Ltd. (C) 1,251 5,386
Delek Automotive Systems, Ltd. 1,858 13,966
Delta-Galil Industries, Ltd. 618 18,184
El Al Israel Airlines 24,289 8,138
Electra, Ltd. 139 35,017
First International Bank of Israel, Ltd. 2,114 44,626
Formula Systems 1985, Ltd. 265 9,663
Gilat Satellite Networks, Ltd. (C) 215 1,848
Hadera Paper, Ltd. 244 17,413
Harel Insurance Investments & Financial
       Services, Ltd. 7,935 62,878
Hilan, Ltd. 485 10,831
IDI Insurance Company, Ltd. 250 16,373
Inrom Construction Industries, Ltd. 2,183 10,183
Israel Discount Bank, Ltd., Class A (C) 3,164 9,108
Jerusalem Oil Exploration (C) 540 30,059
Kamada, Ltd. (C) 1,616 7,421
Matrix IT, Ltd. 2,095 23,722
Mazor Robotics, Ltd. (C) 1,829 55,822
Melisron, Ltd. 701 28,013
Menora Mivtachim Holdings, Ltd. 1,766 22,669
Migdal Insurance & Financial
       Holding, Ltd. (C) 13,577 14,556
Mivtach Shamir Holdings, Ltd. 397 8,522
Naphtha Israel Petroleum Corp., Ltd. 2,030 13,190
Nova Measuring Instruments, Ltd. (C) 996 26,923
Oil Refineries, Ltd. 53,675 24,898
Partner Communications
       Company, Ltd. (C) 9,878 44,745
Paz Oil Company, Ltd. 378 55,694
Rami Levy Chain Stores Hashikma
       Marketing 2006, Ltd. 449 22,649
Scope Metals Group, Ltd. 377 10,528
Shapir Engineering and Industry, Ltd. 7,076 22,710
Shikun & Binui, Ltd. 10,724 17,734
Shufersal, Ltd. 5,445 34,810

139



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Israel (continued)
SodaStream International, Ltd. (C) 20 $ 1,822
Strauss Group, Ltd. 674 14,529
Summit Real Estate Holdings, Ltd. 2,363 20,640
The Phoenix Holdings, Ltd. (C) 2,821 15,558
Tower Semiconductor, Ltd. (C) 746 20,264
1,024,576
Italy – 4.4%
A2A SpA 67,835 129,759
ACEA SpA 4,062 68,940
Amplifon SpA 7,841 139,399
Anima Holding SpA (D) 12,692 86,217
Ansaldo STS SpA 5,875 90,805
Arnoldo Mondadori Editore SpA (C) 12,613 26,478
Ascopiave SpA 7,647 30,689
Astaldi SpA (A) 4,499 12,268
Autogrill SpA 9,730 125,259
Azimut Holding SpA 6,980 150,038
Banca Generali SpA 4,148 133,830
Banca IFIS SpA 1,607 61,931
Banca Mediolanum SpA (A) 9,167 80,088
Banca Popolare di Sondrio SCPA 22,606 89,548
Banca Profilo SpA (A) 24,032 6,317
Banco BPM SpA (A)(C) 75,038 260,409
Biesse SpA 835 49,582
BPER Banca (A) 40,498 225,822
Brembo SpA 11,280 174,370
Brunello Cucinelli SpA 1,453 45,697
Buzzi Unicem SpA (A) 4,611 108,004
Cairo Communication SpA 4,712 21,176
Cementir Holding SpA 4,165 36,122
Cerved Information Solutions SpA 9,569 119,507
CIR-Compagnie Industriali Riunite SpA 39,015 51,720
Credito Emiliano SpA 6,238 54,559
Credito Valtellinese SpA (A)(C) 504,336 71,380
Danieli & C Officine Meccaniche SpA 788 21,499
Datalogic SpA 981 30,762
De’ Longhi SpA 2,796 82,997
DeA Capital SpA (C) 4,665 8,464
DiaSorin SpA 1,678 151,150
Ei Towers SpA 1,086 60,883
El.En. SpA 663 26,471
Enav SpA (D) 13,939 74,410
ERG SpA 4,588 109,556
Esprinet SpA (A) 3,554 19,058
Eurotech SpA (C) 1,562 3,022
Falck Renewables SpA 9,073 23,484
Fila SpA 1,063 22,887
Fincantieri SpA (C) 36,827 54,010
FinecoBank Banca Fineco SpA (A) 15,185 182,771
GEDI Gruppo Editoriale SpA (A)(C) 18,304 10,115
Geox SpA (A) 8,390 28,421
Gruppo MutuiOnline SpA 2,096 33,248
Hera SpA 62,355 228,478
IMMSI SpA (C) 6,756 5,270
Industria Macchine Automatiche SpA 816 79,472
Infrastrutture Wireless Italiane SpA (D) 9,385 74,324
Interpump Group SpA 5,467 184,882
Iren SpA 48,658 152,772
Italgas SpA 21,049 125,775
Italmobiliare SpA 1,654 46,451
Juventus Football Club SpA (C) 23,150 18,414
La Doria SpA 1,205 18,250
Maire Tecnimont SpA 10,323 53,157
MARR SpA 2,608 77,536
Mediaset SpA (C) 38,140 146,025
Moncler SpA 4,941 188,046
OVS SpA (D) 9,134 56,084
Parmalat SpA 8,933 32,922
Piaggio & C SpA 11,658 32,383
Prima Industrie SpA 178 8,018
Prysmian SpA 5,086 159,712
RAI Way SpA (D) 5,678 31,462
Reply SpA 1,504 82,950
Retelit SpA (A)(C) 13,231 32,706
SAES Getters SpA 536 14,659
Safilo Group SpA (A)(C) 2,378 12,038
Saipem SpA (A)(C) 32,026 125,636
Salini Impregilo SpA (A) 14,544 43,171
Salvatore Ferragamo SpA (A) 2,121 58,433
Saras SpA 33,152 72,754
Sesa SpA 320 10,587
Societa Cattolica di Assicurazioni SCRL 11,261 119,908
Societa Iniziative Autostradali e
       Servizi SpA 5,263 98,085
Sogefi SpA (C) 3,551 12,793
SOL SpA 2,802 37,988
Tamburi Investment Partners SpA 4,778 36,020
Technogym SpA (D) 4,738 56,069
Tod’s SpA (A) 590 42,813
TREVI - Finanziaria Industriale
       SpA (A)(C) 9,838 4,830
Unione di Banche Italiane SpA (A) 63,162 288,605
Unipol Gruppo SpA 23,441 114,701
UnipolSai Assicurazioni SpA 44,001 104,623
Vittoria Assicurazioni SpA 2,112 31,534
Yoox Net-A-Porter Group SpA (C) 3,137 145,873
Zignago Vetro SpA 1,669 17,043
6,676,374
Japan – 24.2%
Access Company, Ltd. (A)(C) 2,300 22,997
Achilles Corp. 1,000 20,684
Adastria Company, Ltd. 1,820 37,441
ADEKA Corp. 5,700 101,954
Advan Company, Ltd. 1,000 9,207
Aeon Delight Company, Ltd. (A) 600 21,774
Aeon Fantasy Company, Ltd. 400 19,470
Aeria, Inc. (A) 700 9,572
Ai Holdings Corp. 2,700 75,450
Aica Kogyo Company, Ltd. 1,600 58,909
Aichi Corp. (A) 3,200 21,720
Aichi Steel Corp. 700 28,820
Aida Engineering, Ltd. 4,500 55,163
Ain Holdings, Inc. (A) 900 70,347
Aiphone Company, Ltd. 1,300 22,196
Airport Facilities Company, Ltd. 1,200 7,227
Aisan Industry Company, Ltd. 2,500 26,708
Aizawa Securities Company, Ltd. 2,400 17,186
Akatsuki, Inc. (A)(C) 400 19,824
Akebono Brake Industry
       Company, Ltd. (C) 9,400 24,775
Albis Company, Ltd. 500 16,156
Alconix Corp. (A) 1,600 31,849
Alpen Company, Ltd. 1,100 24,613
Alpha Systems, Inc. 840 18,026
Alpine Electronics, Inc. 3,300 62,418
Altech Corp. 1,000 23,265
Amano Corp. 4,300 114,918
Amuse, Inc. (A) 800 22,749
Anest Iwata Corp. (A) 1,800 19,787
Anicom Holdings, Inc. (C) 1,300 53,928

140



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

Shares or
Principal
Amount       Value
COMMON STOCKS (continued)
Japan (continued)
Anritsu Corp. 1,000 $ 12,231
AOI Electronics Company, Ltd. 500 17,690
AOKI Holdings, Inc. (A) 3,100 47,271
Aoyama Trading Company, Ltd. 2,500 98,234
Arakawa Chemical Industries, Ltd. 1,400 24,782
Arata Corp. 700 39,646
Arcland Sakamoto Company, Ltd. 2,400 38,798
Arcland Service Holdings Company, Ltd. 1,000 22,434
Arcs Company, Ltd. 2,625 63,781
Ariake Japan Company, Ltd. (A) 600 48,126
Arisawa Manufacturing
       Company, Ltd. (A) 2,900 27,038
Arrk Corp. (A)(C) 4,200 5,003
As One Corp. 400 25,660
Asahi Company, Ltd. 800 9,794
Asahi Diamond Industrial Company, Ltd. 3,900 41,081
Asahi Holdings, Inc. (A) 1,800 33,535
ASAHI YUKIZAI CORP. 1,200 19,741
Asanuma Corp. 7,000 26,329
ASKA Pharmaceutical Company, Ltd. 1,600 25,261
ASKUL Corp. (A) 1,200 40,277
Ateam, Inc. 800 18,888
Atom Corp. (A) 2,000 18,054
Atsugi Company, Ltd. 1,200 13,522
Autobacs Seven Company, Ltd. 4,300 80,489
Avex, Inc. 2,500 35,438
Axell Corp. 100 941
Axial Retailing, Inc. 800 30,641
Bando Chemical Industries, Ltd. 2,500 28,806
Bank of the Ryukyus, Ltd. 3,000 46,384
BayCurrent Consulting, Inc. 500 16,139
Belc Company, Ltd. 500 29,041
Bell System24 Holdings, Inc. 2,400 35,064
Belluna Company, Ltd. 2,100 24,685
Benefit One, Inc. 800 22,206
Bic Camera, Inc. (A) 2,200 34,905
BML, Inc. 1,800 46,931
Bourbon Corp. (A) 500 14,442
Broadleaf Company, Ltd. 9,000 44,161
BRONCO BILLY Company, Ltd. (A) 1,000 34,349
Bunka Shutter Company, Ltd. 5,000 48,933
C Uyemura & Company, Ltd. 400 31,047
CAC Holdings Corp. 1,500 15,196
Can Do Company, Ltd. 900 15,219
Canon Electronics, Inc. 1,700 37,575
Capcom Company, Ltd. (A) 3,200 74,148
Carlit Holdings Company, Ltd. (A) 2,100 21,557
Cawachi, Ltd. 900 22,421
Central Automotive Products, Ltd. 1,200 18,866
Central Glass Company, Ltd. 2,800 64,475
Central Sports Company, Ltd. (A) 600 21,789
Chilled & Frozen Logistics Holdings
       Company, Ltd. (A) 1,600 22,802
Chino Corp. (A) 400 5,584
Chiyoda Company, Ltd. (A) 800 19,921
Chiyoda Corp. (A) 8,500 79,565
Chiyoda Integre Company, Ltd. 800 19,014
Chofu Seisakusho Company, Ltd. 1,700 41,217
Chori Company, Ltd. 1,200 22,874
Chubu Shiryo Company, Ltd. 2,000 40,332
Chudenko Corp. 1,900 51,398
Chuetsu Pulp & Paper Company, Ltd. 500 9,011
Chugai Mining Company, Ltd. (C) 25,400 6,171
Chugai Ro Company, Ltd. 500 13,949
Chugoku Marine Paints, Ltd. 4,000 39,680
CI Takiron Corp.   3,000 19,539
Ci:z Holdings Company, Ltd.   1,000 49,957
Citizen Watch Company, Ltd.   13,100 92,420
CKD Corp.   3,300 71,825
Clarion Company, Ltd.   8,000 24,419
Cleanup Corp.   2,100 16,204
CMIC Holdings Company, Ltd.   1,200 31,281
CMK Corp. (C)   3,700 28,646
cocokara fine, Inc.   1,140 79,135
COLOPL, Inc. (A)   4,600 41,067
Colowide Company, Ltd. (A)   2,200 50,815
Computer Engineering &  
       Consulting, Ltd.   1,200 40,291
Comture Corp. (A)   500 18,627
CONEXIO Corp.   1,300 27,835
Corona Corp.   300 3,737
Cosel Company, Ltd.   1,200 16,496
Cosmo Energy Holdings Company, Ltd.   1,800 58,253
Create Restaurants Holdings, Inc.   2,500 29,939
Create SD Holdings Company, Ltd.   1,900 49,688
Dai Nippon Toryo Company, Ltd.   1,200 17,785
Daibiru Corp.   3,400 39,597
Dai-Dan Company, Ltd.   1,000 22,238
Daido Metal Company, Ltd.   1,900 22,006
Daido Steel Company, Ltd. (A)   500 25,364
Daidoh, Ltd. (A)   2,000 8,380
Daihen Corp. (A)   7,000 53,289
Daiho Corp.   6,000 34,242
Daiichi Jitsugyo Company, Ltd.   400 11,592
Daiichi Kigenso Kagaku-Kogyo  
       Company, Ltd. (A)   1,800 21,675
Dai-ichi Seiko Company, Ltd.   500 10,344
Daiken Corp.   1,000 23,862
Daiken Medical Company, Ltd.   400 2,906
Daiki Aluminium Industry  
       Company, Ltd. (A)   3,000 20,625
Daikoku Denki Company, Ltd. (A)   800 13,295
Daikokutenbussan Company, Ltd.   300 15,537
Daikyo, Inc. (A)   1,900 38,527
Daikyonishikawa Corp.   3,100 50,660
Dainichiseika Color & Chemicals  
       Manufacturing Company, Ltd.   1,000 41,542
Daio Paper Corp. (A)   4,600 64,836
Daiseki Company, Ltd.   2,500 69,820
Daisyo Corp.   800 12,765
Daito Pharmaceutical Company, Ltd.   700 25,287
Daiwa Industries, Ltd.   2,000 24,064
Daiwabo Holdings Company, Ltd.   1,200 51,976
DCM Holdings Company, Ltd.   6,500 66,142
Denki Kogyo Company, Ltd.   1,000 29,877
Denyo Company, Ltd.   900 16,162
Descente, Ltd. (A)   2,300 36,715
Dexerials Corp.   3,500 36,302
Digital Arts, Inc. (A)   700 26,739
Dip Corp. (A)   1,900 60,278
DKS Company, Ltd.   2,000 14,759
DMG Mori Company, Ltd.   2,800 52,754
Doshisha Company, Ltd.   1,700 39,006
Doutor Nichires Holdings Company, Ltd.   2,300 54,667
Dowa Holdings Company, Ltd.   1,000 35,784
DTS Corp.   900 31,327
Duskin Company, Ltd.   2,100 52,415
DyDo Group Holdings, Inc.   700 44,101
Eagle Industry Company, Ltd. (A)   2,200 38,328
Earth Chemical Company, Ltd.   900 47,365

141



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Japan (continued)
EDION Corp. 5,000 $ 57,806
E-Guardian, Inc. 900 35,064
Eiken Chemical Company, Ltd. 2,800 70,711
Eizo Corp. 1,100 50,731
Elecom Company, Ltd. 800 19,181
Elematec Corp. 700 16,924
EM Systems Company, Ltd. (A) 2,000 25,027
Enigmo, Inc. (A)(C) 1,200 17,757
en-japan, Inc. 800 45,492
Enplas Corp. 1,100 36,150
EPS Holdings, Inc. 1,800 36,955
eRex Company, Ltd. (A) 1,900 14,412
ES-Con Japan, Ltd. 3,800 34,581
ESPEC Corp. 1,600 37,512
Excel Company, Ltd. 900 23,239
Exedy Corp. 1,900 60,117
F@N Communications, Inc. 2,000 13,398
FCC Company, Ltd. 2,200 61,888
Feed One Company, Ltd. 15,040 30,626
Ferrotec Holdings Corp. 2,600 65,383
FIDEA Holdings Company, Ltd. 21,400 39,451
Fields Corp. (A) 1,500 16,489
Financial Products Group Company, Ltd. 2,700 35,367
Fixstars Corp. (A) 2,000 32,117
Foster Electric Company, Ltd. 2,100 51,741
FP Corp. (A) 700 45,505
France Bed Holdings Company, Ltd. 2,200 19,733
FreakOut Holdings, Inc. (A)(C) 600 8,495
Fudo Tetra Corp. 10,800 19,290
Fuji Company, Ltd. 1,400 30,223
Fuji Corp., Ltd. 1,300 11,023
Fuji Kyuko Company, Ltd. (A) 500 13,084
Fuji Oil Company, Ltd. (A) 4,400 17,155
Fuji Oil Holdings, Inc. 4,000 121,610
Fuji Pharma Company, Ltd. 700 32,062
Fuji Seal International, Inc. 2,800 111,659
Fuji Soft, Inc. 1,800 71,791
Fujibo Holdings, Inc. 700 25,269
Fujicco Company, Ltd. (A) 1,500 33,926
Fujikura Kasei Company, Ltd. 2,000 12,848
Fujikura, Ltd. 13,400 90,445
Fujimi, Inc. (A) 500 10,811
Fujimori Kogyo Company, Ltd. 1,100 39,082
Fujisash Company, Ltd. 4,900 4,549
Fujita Kanko, Inc. 300 9,057
Fujitec Company, Ltd. 4,000 53,341
Fujitsu Frontech, Ltd. 600 9,777
Fujitsu General, Ltd. (A) 3,000 53,735
Fujiya Company, Ltd. 500 11,989
Fukuda Corp. 200 12,419
Fukui Computer Holdings, Inc. (A) 700 15,329
Fukushima Industries Corp. 500 21,834
Fukuyama Transporting Company, Ltd. 1,400 61,151
FULLCAST Holdings Company, Ltd. (A) 2,000 49,470
Funai Electric Company, Ltd. (A)(C) 700 5,031
Funai Soken Holdings, Inc. 1,800 38,161
Furukawa Company, Ltd. 1,900 35,574
Furuno Electric Company, Ltd. 2,400 16,879
Fuso Chemical Company, Ltd. 1,000 25,749
Fuso Pharmaceutical Industries, Ltd. 500 13,410
Futaba Corp. 3,000 62,053
Futaba Industrial Company, Ltd. 3,400 28,828
Future Corp. 2,400 30,207
Fuyo General Lease Company, Ltd. 1,400 95,521
Gakken Holdings Company, Ltd. 400 17,963
Gecoss Corp. 400 4,116
Genky DrugStores Company, Ltd. (A)(C) 700 24,860
Geo Holdings Corp. (A) 2,700 42,895
Giken, Ltd. 1,200 33,938
GLOBERIDE, Inc. (A) 1,000 24,442
Glory, Ltd. 1,600 57,416
GMO Internet, Inc. (A) 2,600 56,214
Godo Steel, Ltd. (A) 1,000 19,494
Goldcrest Company, Ltd. 990 21,126
Goldwin, Inc. 400 24,121
Gree, Inc. 2,900 16,718
GS Yuasa Corp. (A) 13,000 70,624
G-Tekt Corp. 1,200 23,229
Gun-Ei Chemical Industry
       Company, Ltd. 400 13,215
Gunosy, Inc. (C) 900 23,864
Gunze, Ltd. 1,300 74,155
Gurunavi, Inc. 1,400 19,458
H2O Retailing Corp. 3,400 63,091
Hagihara Industries, Inc. 800 13,152
Hagiwara Electric Company, Ltd. 500 15,084
Hakuto Company, Ltd. 1,300 19,215
Hamakyorex Company, Ltd. 1,000 33,691
Hanwa Company, Ltd. 2,400 99,675
Happinet Corp. 1,000 14,463
Harima Chemicals Group, Inc. (A) 2,000 15,567
Hazama Ando Corp. (A) 10,090 76,564
Hearts United Group Company, Ltd. (A) 900 14,736
Heiwa Corp. (A) 3,700 72,953
Heiwa Real Estate Company, Ltd. 2,800 54,180
Heiwado Company, Ltd. 2,000 48,532
Hibiya Engineering, Ltd. 1,500 28,040
Hiday Hidaka Corp. 1,002 25,132
HI-LEX CORP. 600 16,106
Hioki EE Corp. 500 15,695
Hiramatsu, Inc. (A) 300 1,444
Hirano Tecseed Company, Ltd. (A) 1,100 28,052
Hirata Corp. (A) 300 27,354
HIS Company, Ltd. 1,400 51,003
Hisaka Works, Ltd. 2,000 19,628
Hitachi Zosen Corp. 11,700 60,654
Hochiki Corp. (A) 1,500 27,916
Hodogaya Chemical Company, Ltd. 700 31,254
Hogy Medical Company, Ltd. 1,800 72,704
Hokkaido Electric Power
       Company, Inc. (A) 11,100 73,603
Hokkaido Gas Company, Ltd. 3,000 8,552
Hokkan Holdings, Ltd. (A) 5,000 17,586
Hokuetsu Industries Company, Ltd. 2,000 21,709
Hokuetsu Kishu Paper Company, Ltd. 7,900 51,063
Hokuhoku Financial Group, Inc. 3,700 50,788
Hokuriku Electric Power
       Company (A)(C) 9,000 78,643
Hokuto Corp. 1,600 30,734
H-One Company, Ltd. 1,000 13,087
Honeys Holdings Company, Ltd. 1,350 12,710
Hoosiers Holdings 1,500 10,808
Hosiden Corp. 4,400 55,356
Hosokawa Micron Corp. 600 41,329
Ibiden Company, Ltd. 6,600 97,927
IBJ Leasing Company, Ltd. 1,900 53,706
Ichibanya Company, Ltd. 1,100 45,226
Ichigo, Inc. 12,200 54,063
Ichikoh Industries, Ltd. 4,000 43,246
Ichinen Holdings Company, Ltd. 1,900 26,607

142



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

Shares or
Principal
Amount Value
COMMON STOCKS (continued)
Japan (continued)      
Ichiyoshi Securities Company, Ltd. 2,800 $ 32,392
Icom, Inc. 500 12,396
Idec Corp. (A) 2,500 60,945
IDOM, Inc. 3,900 27,686
Iino Kaiun Kaisha, Ltd. 7,300 34,682
IJT Technology Holdings Company, Ltd. 1,200 10,028
Ikegami Tsushinki Company, Ltd. (A) 4,000 6,233
Imasen Electric Industrial (A) 1,700 19,634
Imperial Hotel, Ltd. 200 4,015
Imuraya Group Company, Ltd. 300 11,188
Inaba Denki Sangyo Company, Ltd. 1,600 70,730
Inaba Seisakusho Company, Ltd. (A) 200 2,540
Inabata & Company, Ltd. 3,000 45,083
Inageya Company, Ltd. 1,500 25,270
Ines Corp. 1,900 19,977
Infocom Corp. 1,200 24,196
Infomart Corp. 7,400 75,341
Information Services
       International-Dentsu, Ltd. 1,100 29,667
Intage Holdings, Inc. 1,800 19,753
Internet Initiative Japan, Inc. 2,400 49,498
Inui Global Logistics Company, Ltd. (A) 875 7,121
Investors Cloud Company, Ltd. 1,500 33,260
Iriso Electronics Company, Ltd. 1,400 85,326
Iseki & Company, Ltd. 1,200 23,984
Ishihara Sangyo Kaisha, Ltd. (C) 2,100 25,530
Istyle, Inc. 2,200 31,102
Itochu Enex Company, Ltd. 3,800 35,954
Itochu-Shokuhin Company, Ltd. 600 32,821
Itoki Corp. 2,100 13,553
Itokuro, Inc. (C) 400 27,028
IwaiCosmo Holdings, Inc. 900 11,905
Iwatani Corp. 2,200 81,247
J Trust Company, Ltd. (A) 4,900 32,084
JAC Recruitment Company, Ltd. 1,200 25,623
Jaccs Company, Ltd. 2,600 57,743
Jafco Company, Ltd. 1,400 65,382
Jalux, Inc. (C) 500 14,913
Jamco Corp. (A) 500 10,431
Janome Sewing Machine Company, Ltd. 1,200 8,004
Japan Asset Marketing
       Company, Ltd. (C) 14,200 16,735
Japan Aviation Electronics Industry, Ltd. 3,000 42,651
Japan Display, Inc. (A)(C) 25,200 46,852
Japan Drilling Company, Ltd. (A)(C) 400 7,486
Japan Investment Adviser
       Company, Ltd. (A) 900 37,765
Japan Lifeline Company, Ltd. 1,200 34,338
Japan Material Company, Ltd. 2,100 26,407
Japan Petroleum Exploration
       Company, Ltd. 2,000 45,514
Japan Pulp & Paper Company, Ltd. 600 24,771
Japan Securities Finance Company, Ltd. 8,000 49,585
Japan Transcity Corp. 5,000 22,163
Jastec Company, Ltd. 400 4,965
JBCC Holdings, Inc. 1,900 19,208
JCU Corp. 800 19,008
Jeol, Ltd. 4,000 36,971
Jimoto Holdings, Inc. 3,800 6,807
JINS, Inc. (A) 800 44,087
JMS Company, Ltd. 500 2,954
J-Oil Mills, Inc. 600 20,470
Joshin Denki Company, Ltd. 1,500 56,456
JSP Corp. 800 24,522
Juki Corp. 1,400 19,726
Justsystems Corp. 1,500 36,477
JVC Kenwood Corp. 9,070 30,049
K&O Energy Group, Inc. 800 12,819
kabu.com Securities Company, Ltd. 11,400 39,782
Kadokawa Dwango Corp. 3,636 37,621
Kaga Electronics Company, Ltd. 1,100 28,435
Kakiyasu Honten Company, Ltd. 900 24,682
Kameda Seika Company, Ltd. 700 33,990
Kamei Corp. 2,000 27,606
Kanaden Corp. 1,100 14,769
Kanagawa Chuo Kotsu Company, Ltd. 700 25,336
Kanamoto Company, Ltd. 1,900 64,203
Kandenko Company, Ltd. 7,000 80,224
Kanematsu Corp. 7,000 94,419
Kanematsu Electronics, Ltd. 700 19,868
Kansai Urban Banking Corp. 1,300 17,699
Kanto Denka Kogyo Company, Ltd. 2,000 20,561
Kappa Create Company, Ltd. (A)(C) 1,000 12,187
Kasai Kogyo Company, Ltd. 1,000 12,917
Katakura Industries Company, Ltd. 1,100 14,500
Kato Sangyo Company, Ltd. 1,800 63,193
Kato Works Company, Ltd. (A) 400 9,110
KAWADA TECHNOLOGIES, Inc. (A) 200 10,837
Kawai Musical Instruments
       Manufacturing Company, Ltd. 600 19,665
Kawasaki Kisen Kaisha, Ltd. (C) 3,000 70,060
Keihanshin Building Company, Ltd. 3,200 26,861
Keihin Corp. 3,300 67,893
Keiyo Company, Ltd. 3,400 17,855
Kenko Mayonnaise Company, Ltd. 1,200 40,371
Key Coffee, Inc. 1,600 31,775
KFC Holdings Japan, Ltd. (A) 600 11,287
KH Neochem Company, Ltd. 600 17,397
Kimoto Company, Ltd. (A) 3,000 8,721
Kintetsu World Express, Inc. 2,600 48,422
Kissei Pharmaceutical Company, Ltd. 2,000 54,348
Kitagawa Iron Works Company, Ltd. 900 23,247
Kitanotatsujin Corp. (A) 3,300 24,020
Kito Corp. 900 16,826
Kitz Corp. 5,900 50,938
KLab, Inc. 2,100 34,588
KNT-CT Holdings Company, Ltd. (C) 700 11,493
Koa Corp. 2,300 47,806
Koatsu Gas Kogyo Company, Ltd. 3,000 25,510
Kobe Bussan Company, Ltd. 700 31,800
Kobe Electric Railway
       Company, Ltd. (C) 300 10,961
Kohnan Shoji Company, Ltd. 1,800 43,389
Kohsoku Corp. 1,400 16,901
Kojima Company, Ltd. (C) 3,000 9,600
Kokuyo Company, Ltd. 5,600 108,893
Komatsu Seiren Company, Ltd. (A) 2,000 21,220
Komeda Holdings Company, Ltd. 1,100 20,799
Komeri Company, Ltd. 700 18,883
Komori Corp. 3,700 46,988
Kondotec, Inc. (A) 1,300 11,440
Konishi Company, Ltd. 2,200 35,348
Konoike Transport Company, Ltd. 2,600 44,774
Koshidaka Holdings Company, Ltd. 500 34,814
Kotobuki Spirits Company, Ltd. (A) 1,900 100,344
Krosaki Harima Corp. 400 19,228
Kumagai Gumi Company, Ltd. (A) 1,800 56,746
Kumiai Chemical Industry
       Company, Ltd. (A) 6,584 39,061
Kura Corp. 800 55,394

143



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Japan (continued)
Kurabo Industries, Ltd. 16,000 $ 50,096
Kureha Corp. 1,100 72,384
Kurimoto, Ltd. 1,000 19,066
Kusuri no Aoki Holdings Company, Ltd. 400 28,997
KYB Corp. 1,600 74,939
Kyodo Printing Company, Ltd. 500 15,480
Kyoei Steel, Ltd. (A) 1,800      30,747
Kyokuto Kaihatsu Kogyo Company, Ltd. 2,300 34,009
Kyokuto Securities Company, Ltd. (A) 2,300 32,670
Kyokuyo Company, Ltd. (A) 700 25,295
KYORIN Holdings, Inc. 3,100 58,570
Kyoritsu Maintenance Company, Ltd. 1,560 74,329
Kyosan Electric Manufacturing
       Company, Ltd. 2,000 12,218
Kyowa Exeo Corp. 700 18,737
Kyushu Financial Group, Inc. 3,700 18,479
Lasertec Corp. 1,800 65,613
LEC, Inc. (A) 1,400 51,427
Leopalace21 Corp. 12,500 102,578
Life Corp. 1,200 33,540
LIFULL Company, Ltd. 3,800 33,708
Link And Motivation, Inc. (A) 2,300 27,996
Lintec Corp. 1,600 46,083
M&A Capital Partners
       Company, Ltd. (C) 300 25,403
Macnica Fuji Electronics Holdings, Inc. 2,250 40,220
Maeda Corp. 8,000 93,465
Maeda Kosen Company, Ltd. 1,100 17,943
Maeda Road Construction Company, Ltd. 4,000 80,357
Maezawa Kasei Industries
       Company, Ltd. (A) 1,100 12,100
Maezawa Kyuso Industries
       Company, Ltd. 900 16,734
Makino Milling Machine Company, Ltd. 6,000 56,799
Mamezou Holdings Company, Ltd. 2,000 24,575
Mandom Corp. 1,000 34,985
Mani, Inc. 1,200 47,273
Mars Engineering Corp. 700 16,259
Marubun Corp. 200 1,844
Marudai Food Company, Ltd. 8,000 38,228
Maruha Nichiro Corp. 2,738 86,739
Marusan Securities Company, Ltd. (A) 4,700 45,110
Maruwa Company, Ltd. 600 47,169
Maruwa Unyu Kikan Company, Ltd. (A) 1,200 35,913
Maruzen Showa Unyu Company, Ltd. 4,000 19,608
Marvelous, Inc. (A) 1,400 12,106
Matsuda Sangyo Company, Ltd. 1,400 25,268
Matsui Securities Company, Ltd. 1,900 17,184
Matsuya Foods Company, Ltd. (A) 700 25,109
Max Company, Ltd. 2,000 25,719
Maxell Holdings, Ltd. 1,500 28,678
MCJ Company, Ltd. 1,600 20,798
MEC Company, Ltd. 1,500 25,100
Megachips Corp. (A) 1,700 59,581
Megmilk Snow Brand Company, Ltd. 2,700 73,334
Meidensha Corp. 9,000 34,663
Meiko Electronics Company, Ltd. 2,000 33,585
Meiko Network Japan Company, Ltd. 1,100 13,377
Meisei Industrial Company, Ltd. 3,000 20,501
Meitec Corp. 1,800 98,601
Meito Sangyo Company, Ltd. (A) 900 13,831
Melco Holdings, Inc. 300 9,985
Menicon Company, Ltd. 800 20,332
METAWATER Company, Ltd. 800 25,144
Mie Kotsu Group Holdings, Inc. (A) 3,700 17,686
Milbon Company, Ltd. 1,112 49,395
Mimasu Semiconductor Industry
       Company, Ltd. 1,400 25,453
Ministop Company, Ltd. 1,100 22,616
Miraca Holdings, Inc. 400 15,751
Mirait Holdings Corp. 4,240 67,806
Miroku Jyoho Service Company, Ltd. 700 20,425
Misawa Homes Company, Ltd. 2,000 16,706
Mitani Corp. (A) 500 23,044
Mitani Sekisan Company, Ltd. 600 14,199
Mito Securities Company, Ltd. 6,300 25,251
Mitsuba Corp. 2,300 29,547
Mitsubishi Logisnext Company, Ltd. 1,000 8,361
Mitsubishi Logistics Corp. (A) 500 10,525
Mitsubishi Paper Mills, Ltd. (C) 2,600 15,988
Mitsubishi Pencil Company, Ltd. 800 18,173
Mitsubishi Research Institute, Inc. 500 15,964
Mitsubishi Shokuhin Company, Ltd. 200 5,757
Mitsubishi Steel Manufacturing
       Company, Ltd. 1,000 22,803
Mitsuboshi Belting, Ltd. 4,000 44,563
Mitsui Engineering & Shipbuilding
       Company, Ltd. (A) 4,600 75,692
Mitsui High-Tec, Inc. (A) 2,200 32,434
Mitsui Home Company, Ltd. 3,000 19,358
Mitsui Matsushima Company, Ltd. 1,000 14,227
Mitsui Sugar Company, Ltd. 1,000 38,455
Mitsui-Soko Holdings Company, Ltd. (C) 11,000 35,314
Mitsuuroko Group Holdings
       Company, Ltd. (A) 3,200 24,283
Mizuno Corp. 1,400 42,269
Mochida Pharmaceutical Company, Ltd. 600 42,677
Modec, Inc. 1,900 47,018
Monex Group, Inc. (A) 17,200 55,847
Morinaga Milk Industry Company, Ltd. 2,400 97,667
Morita Holdings Corp. 2,200 41,868
Morpho, Inc. (A)(C) 500 17,659
MrMax Holdings, Ltd. 1,700 10,931
Musashi Seimitsu Industry
       Company, Ltd. 1,300 44,086
N Field Company, Ltd. (A) 1,300 23,958
Nachi-Fujikoshi Corp. 11,000 66,796
Nagaileben Company, Ltd. 1,200 33,352
Nagase & Company, Ltd. 5,000 85,012
Nagatanien Holdings Company, Ltd. 2,000 27,497
Nagawa Company, Ltd. 600 25,575
Nakamuraya Company, Ltd. (A) 300 13,374
Nakanishi, Inc. 1,200 24,329
Nakayama Steel Works, Ltd. (A) 1,100 7,265
Namura Shipbuilding Company, Ltd. 3,252 18,296
NEC Capital Solutions, Ltd. 800 15,844
NEC Networks & System
       Integration Corp. 1,500 39,016
NET One Systems Company, Ltd. 6,400 93,985
Neturen Company, Ltd. 2,300 23,678
Nextage Company, Ltd. (A) 2,300 26,683
NHK Spring Company, Ltd. 1,500 16,065
Nice Holdings, Inc. 600 8,188
Nichias Corp. 7,000 88,890
Nichiban Company, Ltd. 700 22,715
Nichicon Corp. 3,400 38,950
Nichiden Corp. 600 11,795
Nichiha Corp. 1,600 60,601
NichiiGakkan Company, Ltd. 900 10,206

144



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

Shares or
Principal      
Amount Value
COMMON STOCKS (continued)
Japan (continued)
Nichi-iko Pharmaceutical
       Company, Ltd. (A) 3,100 $ 48,327
Nichireki Company, Ltd. 2,000 22,781
Nichirin Company, Ltd. 1,040 27,192
Nihon Chouzai Company, Ltd. 400 12,740
Nihon Dempa Kogyo Company, Ltd. (A) 1,800 11,213
Nihon Flush Company, Ltd. (A) 500 11,442
Nihon House Holdings Company, Ltd. 1,000 5,405
Nihon Kagaku Sangyo
       Company, Ltd. (A) 1,000 12,016
Nihon Kohden Corp. 2,100 59,849
Nihon Nohyaku Company, Ltd. (A) 4,000 23,654
Nihon Parkerizing Company, Ltd. 6,000 98,664
Nihon Tokushu Toryo Company, Ltd. 1,000 19,334
Nihon Unisys, Ltd. 3,200 69,505
Nikkiso Company, Ltd. 3,900 40,932
Nikkon Holdings Company, Ltd. 3,800 100,291
Nippo Corp. 1,000 22,543
Nippon Air Conditioning Services
       Company, Ltd. 1,600 11,345
Nippon Beet Sugar
       Manufacturing Company, Ltd. 900 20,140
Nippon Ceramic Company, Ltd. 1,400 38,317
Nippon Chemical Industrial
       Company, Ltd. 700 22,516
Nippon Chemi-Con Corp. (A) 1,100 25,966
Nippon Coke & Engineering
       Company, Ltd. (A) 18,000 18,320
Nippon Concrete Industries
       Company, Ltd. (A) 2,600 10,794
Nippon Denko Company, Ltd. (A) 6,530 20,215
Nippon Densetsu Kogyo Company, Ltd. 2,100 41,339
Nippon Fine Chemical
       Company, Ltd. (A) 800 9,285
Nippon Flour Mills Company, Ltd. 4,000 62,512
Nippon Gas Company, Ltd. 2,000 95,580
Nippon Hume Corp. (A) 2,000 14,819
Nippon Kanzai Company, Ltd. 700 13,840
Nippon Kayaku Company, Ltd. 1,000 12,424
Nippon Kodoshi Corp. (A) 800 22,169
Nippon Koei Company, Ltd. 1,000 30,730
Nippon Koshuha Steel
       Company, Ltd. (A) 800 6,010
Nippon Light Metal Holdings
       Company, Ltd. 38,100 99,613
Nippon Paper Industries
       Company, Ltd. (A) 4,100 75,843
Nippon Parking Development
       Company, Ltd. 8,400 13,930
Nippon Pillar Packing
       Company, Ltd. (A) 1,500 22,495
Nippon Seiki Company, Ltd. 3,000 54,712
Nippon Sharyo, Ltd. (C) 6,000 16,981
Nippon Sheet Glass
       Company, Ltd. (A)(C) 5,800 46,522
Nippon Signal Company, Ltd. 5,100 47,918
Nippon Soda Company, Ltd. 8,000 45,370
Nippon Steel & Sumikin Bussan Corp. 972 53,806
Nippon Suisan Kaisha, Ltd. 15,600 81,242
Nippon Thompson Company, Ltd. (A) 4,700 38,208
Nippon Valqua Industries, Ltd. 1,000 27,658
Nippon Yakin Kogyo Company, Ltd. 10,000 27,547
Nipro Corp. (A) 7,000 102,963
Nishikawa Rubber Company, Ltd. 800 18,507
Nishimatsu Construction Company, Ltd. 3,200 79,625
Nishimatsuya Chain Company, Ltd. (A) 3,900 44,143
Nishi-Nippon Financial Holdings, Inc. 7,000 82,759
Nishi-Nippon Railroad
       Company, Ltd. (A) 3,200 83,490
Nishio Rent All Company, Ltd. 800 24,903
Nissan Shatai Company, Ltd. 3,400 35,433
Nissei ASB Machine Company, Ltd. 500 34,559
Nissei Build Kogyo Company, Ltd. 2,000 24,180
Nissei Plastic Industrial Company, Ltd. 1,600 21,950
Nisshin Fudosan Company, Ltd. 4,500 32,624
Nisshin Steel Company, Ltd. (A) 3,660 43,125
Nisshinbo Holdings, Inc. (A) 8,368 113,330
Nissin Corp. 1,400 36,899
Nissin Electric Company, Ltd. 3,400 31,925
Nissin Kogyo Company, Ltd. 2,100 36,435
Nissin Sugar Company, Ltd. 1,100 22,055
Nitta Corp. 1,300 48,957
Nittan Valve Company, Ltd. 1,200 3,994
Nittetsu Mining Company, Ltd. 300 16,721
Nitto Boseki Company, Ltd. 2,000 42,920
Nitto Kogyo Corp. 1,600 24,791
Nitto Kohki Company, Ltd. 1,000 27,778
Nittoku Engineering Company, Ltd. 700 26,264
Noevir Holdings Company, Ltd. 200 14,837
NOF Corp. 5,000 151,202
Nohmi Bosai, Ltd. 1,300 28,061
Nojima Corp. 1,600 38,491
Nomura Company, Ltd. 2,400 51,477
Noritake Company, Ltd. 700 29,978
Noritsu Koki Company, Ltd. (A) 1,900 43,595
Noritz Corp. 2,100 38,110
North Pacific Bank, Ltd. 20,300 68,548
NS Solutions Corp. 2,000 57,131
NS Tool Company, Ltd. 400 11,284
NS United Kaiun Kaisha, Ltd. 800 16,101
NSD Company, Ltd. 2,900 58,990
NuFlare Technology, Inc. (A) 400 25,363
Obara Group, Inc. 1,000 58,846
Oenon Holdings, Inc. 6,000 26,818
Ohsho Food Service Corp. 700 34,312
Oiles Corp. (A) 1,380 29,556
Okabe Company, Ltd. 2,600 24,108
Okamoto Industries, Inc. 3,000 30,337
Okamura Corp. 4,500 61,986
Okasan Securities Group, Inc. (A) 7,000 41,883
Oki Electric Industry Company, Ltd. (A) 3,100 40,983
Okinawa Cellular Telephone Company 400 14,635
OKUMA Corp. 1,200 70,555
Okumura Corp. 1,600 62,546
Okura Industrial Company, Ltd. 4,000 21,729
Okuwa Company, Ltd. (A) 3,000 31,317
Onoken Company, Ltd. 1,500 26,451
Onward Holdings Company, Ltd. 10,000 87,127
Open Door, Inc. (A)(C) 600 13,755
Optex Group Company, Ltd. 800 20,399
Organo Corp. 600 18,206
Origin Electric Company, Ltd. 600 9,629
Osaka Organic Chemical Industry, Ltd. 1,400 18,216
Osaka Soda Company, Ltd. (A) 800 21,068
Osaka Steel Company, Ltd. 700 14,348
OSAKA Titanium Technologies
       Company, Ltd. (C) 800 15,355
Osaki Electric Company, Ltd. 3,000 21,983
OSG Corp. 2,600 59,390
OSJB Holdings Corp. 7,600 20,789

145



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

Shares or
Principal
Amount       Value
COMMON STOCKS (continued)
Japan (continued)
Outsourcing, Inc. 5,000 $ 87,467
Oyo Corp. 1,300 18,274
Pacific Industrial Company, Ltd. 3,000      40,011
Pacific Metals Company, Ltd. (A)(C) 1,700 51,048
PAL GROUP Holdings Company, Ltd. 700 19,155
PALTAC Corp. 500 27,248
Paramount Bed Holdings Company, Ltd. 800 40,662
Parco Company, Ltd. 800 10,732
Paris Miki Holdings, Inc. 1,100 5,393
Pasona Group, Inc. 1,500 32,488
Penta-Ocean Construction Company, Ltd. 14,500 106,979
Pepper Food Service Company, Ltd. (A) 1,000 46,301
PIA Corp. (A) 200 10,212
Pilot Corp. 2,000 111,919
Piolax, Inc. 2,100 55,106
Pioneer Corp. (A)(C) 31,100 51,234
Plenus Company, Ltd. (A) 1,300 25,280
Poletowin Pitcrew Holdings, Inc. (A) 1,000 17,933
Press Kogyo Company, Ltd. (A) 7,000 41,954
Pressance Corp. (A) 1,800 27,082
Prestige International, Inc. (A) 2,500 30,602
Prima Meat Packers, Ltd. 10,000 56,278
Pronexus, Inc. 600 7,363
Prospect Company, Ltd. (A) 33,000 18,591
Proto Corp. 200 3,119
PS Mitsubishi Construction
       Company, Ltd. 2,600 17,343
Punch Industry Company, Ltd. 1,300 13,854
Qol Company, Ltd. 1,400 27,740
Raito Kogyo Company, Ltd. 3,100 32,795
Raysum Company, Ltd. (A) 1,600 19,847
Relia, Inc. (A) 1,200 14,674
Rengo Company, Ltd. 11,800 102,001
Resorttrust, Inc. 1,300 27,590
Rheon Automatic Machinery
       Company, Ltd. 1,500 30,120
Ricoh Leasing Company, Ltd. 800 26,512
Riken Corp. 600 33,694
Riken Keiki Company, Ltd. 1,300 28,433
Riken Technos Corp. 3,000 14,324
Riken Vitamin Company, Ltd. 700 27,327
Ringer Hut Company, Ltd. 1,700 39,788
Riso Kagaku Corp. 800 14,891
Riso Kyoiku Company, Ltd. (A) 3,100 22,993
Rock Field Company, Ltd. 1,000 20,785
Rokko Butter Company, Ltd. (A) 600 12,888
Roland DG Corp. 900 20,525
Rorze Corp. (A) 900 20,185
Round One Corp. 3,800 60,308
Royal Holdings Company, Ltd. 900 24,346
Ryobi, Ltd. (A) 2,000 53,054
Ryoden Corp. 1,500 24,952
Ryosan Company, Ltd. 2,100 75,868
Ryoyo Electro Corp. 1,600 25,766
S Foods, Inc. 500 20,692
S&B Foods, Inc. (A) 300 32,293
Sac’s Bar Holdings, Inc. 600 6,415
Saibu Gas Company, Ltd. 1,900 49,526
Saizeriya Company, Ltd. 2,100 59,683
Sakai Chemical Industry Company, Ltd. 1,400 36,249
Sakai Moving Service Company, Ltd. 500 26,019
Sakata INX Corp. 3,100 46,220
Sala Corp. 3,000 18,384
SAMTY Company, Ltd. (A) 1,600 27,433
San-A Company, Ltd. 900 51,846
San-Ai Oil Company, Ltd. 3,500 51,763
Sanden Holdings Corp. (C) 1,400 19,653
Sangetsu Corp. 3,900 80,867
Sanken Electric Company, Ltd. 7,000 51,746
Sanki Engineering Company, Ltd. 4,000 44,917
Sankyo Seiko Company, Ltd. 3,200 14,943
Sankyo Tateyama, Inc. 1,500 22,312
Sankyu, Inc. 700 34,831
Sanoh Industrial Company, Ltd. 2,600 18,421
Sanrio Company, Ltd. 600 10,928
Sanshin Electronics Company, Ltd. 2,300 45,221
Sanyo Chemical Industries, Ltd. 900 42,311
Sanyo Denki Company, Ltd. 600 46,527
Sanyo Electric Railway
       Company, Ltd. (A) 1,000 24,908
Sanyo Shokai, Ltd. 700 15,194
Sanyo Special Steel Company, Ltd. 1,400 35,396
Sanyo Trading Company, Ltd. (A) 1,000 18,787
Sapporo Holdings, Ltd. 3,600 105,355
Sato Holdings Corp. 1,700 54,718
Sawada Holdings Company, Ltd. (A) 1,000 9,355
Sawai Pharmaceutical Company, Ltd. (A) 2,400 105,540
SBS Holdings, Inc. 2,200 28,718
Seika Corp. 1,000 24,991
Seikagaku Corp. 1,700 31,104
Seikitokyu Kogyo Company, Ltd. 1,600 10,628
Seiko Holdings Corp. (A) 1,400 33,440
Seiren Company, Ltd. 3,700 68,203
Sekisui Jushi Corp. 2,200 47,907
Sekisui Plastics Company, Ltd. 2,500 27,984
Senko Group Holdings Company, Ltd. 7,400 57,905
Senshu Electric Company, Ltd. 500 15,344
Senshu Ikeda Holdings, Inc. 17,200 65,899
Senshukai Company, Ltd. (A)(C) 3,300 17,649
Septeni Holdings Company, Ltd. 6,500 22,532
SFP Holdings Company, Ltd. 1,200 20,744
Shibaura Electronics Company, Ltd. 500 24,277
Shibuya Corp. 800 28,567
SHIFT, Inc. (A)(C) 700 35,171
Shikibo, Ltd. (A) 1,100 13,404
Shikoku Chemicals Corp. 3,000 44,592
Shima Seiki Manufacturing, Ltd. 1,200 84,293
Shimachu Company, Ltd. 3,300 105,086
Shin Nippon Air Technologies
       Company, Ltd. 1,200 17,969
Shinagawa Refractories Company, Ltd.       600 15,986
Shindengen Electric Manufacturing
       Company, Ltd. 500 32,755
Shin-Etsu Polymer Company, Ltd. 3,000 32,038
Shinkawa, Ltd. (A)(C) 1,500 16,121
Shinko Electric Industries Company, Ltd. 5,100 37,702
Shinko Plantech Company, Ltd. 3,300 30,191
Shinko Shoji Company, Ltd. 1,600 26,438
Shinmaywa Industries, Ltd. 6,000 49,628
Shinnihon Corp. 2,500 26,982
Shinoken Group Company, Ltd. 1,000 31,479
Ship Healthcare Holdings, Inc. 2,600 92,356
Shizuoka Gas Company, Ltd. 4,500 40,711
Shochiku Company, Ltd. 100 14,173
Shoei Company, Ltd. (A) 400 15,399
Shoei Foods Corp. (A) 700 26,745
Showa Corp. 3,500 59,962
Showa Sangyo Company, Ltd. 1,400 36,200
Siix Corp. (A) 1,600 34,256
Sinanen Holdings Company, Ltd. 800 19,795

146



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

Shares or
Principal
Amount       Value
COMMON STOCKS (continued)
Japan (continued)
Sinfonia Technology Company, Ltd. (A) 8,000 $ 27,638
Sinko Industries, Ltd. 1,500 23,873
Sintokogio, Ltd. 3,400 35,628
SKY Perfect JSAT Holdings, Inc. (A) 10,300 46,335
SMK Corp. 3,000 12,402
SMS Company, Ltd. 1,600 68,285
Sodick Company, Ltd. 2,400 31,494
Sogo Medical Company, Ltd. 1,200 33,793
Soken Chemical & Engineering
       Company, Ltd. 800 20,303
Solasto Corp. 500 13,548
Sparx Group Company, Ltd. 7,400 19,924
SRA Holdings 600 17,152
SRS Holdings Company, Ltd. (A) 1,800 16,302
ST Corp. 1,100 23,652
St. Marc Holdings Company, Ltd. 800 23,328
Star Mica Company, Ltd. 1,100 22,594
Star Micronics Company, Ltd. 2,300 42,691
Starts Corp., Inc. 1,900 52,079
Starzen Company, Ltd. (A) 300 14,895
Stella Chemifa Corp. (A) 800 24,064
Studio Alice Company, Ltd. 900 21,902
Sumida Corp. 1,600 20,546
Suminoe Textile Company, Ltd. 500 13,486
Sumitomo Bakelite Company, Ltd. 10,000 88,536
Sumitomo Densetsu Company, Ltd. 1,300 26,071
Sumitomo Mitsui Construction
       Company, Ltd. 6,000 35,937
Sumitomo Osaka Cement
       Company, Ltd. (A) 16,000 70,628
Sumitomo Riko Company, Ltd. 2,400 24,191
Sumitomo Seika Chemicals
       Company, Ltd. 500 23,982
Sun Frontier Fudousan Company, Ltd. 2,200 24,287
SWCC Showa Holdings Company, Ltd. 2,400 21,338
Systena Corp. 1,200 48,728
Syuppin Company, Ltd. 1,200 14,260
T Hasegawa Company, Ltd. (A) 1,600 30,524
T RAD Company, Ltd. 500 18,522
T&K Toka Company, Ltd. (A) 1,600 19,765
Tachibana Eletech Company, Ltd. 1,360 27,223
Tachi-S Company, Ltd. 3,200 57,295
Tadano, Ltd. (A) 4,300 64,780
Taihei Dengyo Kaisha, Ltd. 1,500 38,248
Taiho Kogyo Company, Ltd. 1,200 17,382
Taikisha, Ltd. 1,600 52,476
Taisei Lamick Company, Ltd. 500 14,932
Taiyo Holdings Company, Ltd. 1,000 43,040
Taiyo Yuden Company, Ltd. (A) 7,400 124,515
Takamatsu Construction Group
       Company, Ltd. 1,000 28,627
Takaoka Toko Company, Ltd. (A) 700 11,209
Takara Holdings, Inc. 6,500 72,268
Takara Leben Company, Ltd. (A) 6,300 27,250
Takara Standard Company, Ltd. 2,800 47,488
Takasago International Corp. 1,200 35,318
Takasago Thermal Engineering
       Company, Ltd. 3,100 57,514
Take And Give Needs Company, Ltd. (A) 200 2,235
Takeei Corp. 700 8,510
Takeuchi Manufacturing Company, Ltd. 2,200 48,849
Takihyo Company, Ltd. (A) 600 13,236
Takuma Company, Ltd. 4,800 52,817
Tamron Company, Ltd. 1,500 31,220
Tamura Corp. 7,000 53,043
Tanseisha Company, Ltd. 1,700 20,706
Tatsuta Electric Wire & Cable
       Company, Ltd. 4,200 25,559
Tayca Corp. 1,500 39,135
TechMatrix Corp. (A) 1,400 23,075
TechnoPro Holdings, Inc. 900 54,321
Teikoku Electric Manufacturing
       Company, Ltd. 1,700 25,807
Teikoku Sen-I Company, Ltd. 1,200 23,146
Tekken Corp. (A) 800 23,136
Tenma Corp. 1,000 19,209
T-Gaia Corp. 300 8,424
The 77 Bank, Ltd. 4,400 105,085
The Aichi Bank, Ltd. 600 30,694
The Akita Bank, Ltd. 1,100 29,719
The Aomori Bank, Ltd. (A) 1,700 52,248
The Awa Bank, Ltd. 11,000 71,984
The Bank of Iwate, Ltd. 1,100 44,470
The Bank of Nagoya, Ltd. (A) 1,100 41,643
The Bank of Okinawa, Ltd. 1,640 70,201
The Bank of Saga, Ltd. 1,000 22,096
The Chiba Kogyo Bank, Ltd. 3,200 13,961
The Chukyo Bank, Ltd. 900 19,879
The Daisan Bank, Ltd. 1,000 16,560
The Daishi Bank, Ltd. 1,700 76,155
The Ehime Bank, Ltd. (A) 2,100 25,154
The Eighteenth Bank, Ltd. 10,000 25,968
The First Bank of Toyama, Ltd. 2,800 13,304
The Fukui Bank, Ltd. 1,800 39,895
The Fukushima Bank, Ltd. 2,100 15,283
The Hokkoku Bank, Ltd. 1,500 59,528
The Hokuetsu Bank, Ltd. 2,000 44,484
The Hyakugo Bank, Ltd. 16,000 76,948
The Hyakujushi Bank, Ltd. 17,000 57,851
The Japan Steel Works, Ltd. 2,300 75,598
The Japan Wool Textile Company, Ltd. 4,000 39,154
The Juroku Bank, Ltd. 2,400 64,773
The Keiyo Bank, Ltd. 16,000 72,232
The Kinki Sharyo Company, Ltd. (A)(C) 300 6,918
The Kita-Nippon Bank, Ltd. 700 19,763
The Kiyo Bank, Ltd. 3,800 61,292
The Michinoku Bank, Ltd. (A) 1,400 23,099
The Mie Bank, Ltd. 1,000 22,389
The Minato Bank, Ltd. (A) 1,200 24,302
The Miyazaki Bank, Ltd. 1,000 31,520
The Monogatari Corp. 400 40,458
The Musashino Bank, Ltd. 1,700 54,587
The Nagano Bank, Ltd. 800 13,950
The Nanto Bank, Ltd. 2,000 54,613
The Nippon Road Company, Ltd. 500 24,689
The Nisshin Oillio Group, Ltd. 2,000 55,794
The Ogaki Kyoritsu Bank, Ltd. 2,600 66,315
The Oita Bank, Ltd. 900 33,625
The Okinawa Electric Power
       Company, Inc. (A) 2,557 72,191
The Pack Corp. 800 29,885
The San-In Godo Bank, Ltd. 8,000 71,562
The Shibusawa Warehouse
       Company, Ltd. 1,000 16,840
The Shiga Bank, Ltd. (A) 16,000 81,783
The Shikoku Bank, Ltd. 2,800 39,872
The Shimizu Bank, Ltd. 500 14,084
The Sumitomo Warehouse
       Company, Ltd. 10,048 66,869
The Tochigi Bank, Ltd. 8,000 30,959

147



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Japan (continued)
The Toho Bank, Ltd. 12,000 $ 46,438
The Tohoku Bank, Ltd. 400 5,466
The Tottori Bank, Ltd. 400 6,482
The Towa Bank, Ltd. 2,100 28,254
The Yamagata Bank, Ltd. (A) 2,000 45,279
The Yamanashi Chuo Bank, Ltd. 10,000 41,483
Tigers Polymer Corp. 1,000 8,149
TKC Corp. 1,100 44,860
Toa Corp. (Hyogo) 1,400 17,377
Toa Corp. (Tokyo) 1,200 25,264
Toagosei Company, Ltd. 6,900 81,635
Tobishima Corp. 7,200 11,968
TOC Company, Ltd. 3,400 28,206
Tocalo Company, Ltd. 3,200 38,897
Toda Corp. (A) 13,000 94,489
Toda Kogyo Corp. (A) 300 10,881
Toei Animation Company, Ltd. (A) 1,200 39,517
Toei Company, Ltd. 500 53,466
Toenec Corp. 600 17,831
Toho Company, Ltd. 600 13,270
Toho Holdings Company, Ltd. (A) 3,200 76,019
Toho Titanium Company, Ltd. 3,000 33,737
Toho Zinc Company, Ltd. 800 37,706
Tokai Carbon Company, Ltd. 1,200 17,865
Tokai Corp. 1,200 24,851
TOKAI Holdings Corp. 4,000 40,123
Tokai Rika Company, Ltd. 2,600 53,038
Tokai Tokyo Financial Holdings, Inc. 11,500 79,761
Token Corp. 610 61,068
Tokushu Tokai Paper Company, Ltd. 600 23,106
Tokuyama Corp. 4,000 126,780
Tokyo Base Company, Ltd. (A)(C) 900 12,484
Tokyo Dome Corp. 5,500 52,166
Tokyo Energy & Systems, Inc. 2,000 22,494
Tokyo Individualized Educational
       Institute, Inc. 1,200 12,761
Tokyo Keiki, Inc. (A) 1,000 10,567
Tokyo Ohka Kogyo Company, Ltd. 2,600 94,578
Tokyo Rakutenchi Company, Ltd. 200 9,564
Tokyo Rope Manufacturing
       Company, Ltd. (A) 700 13,907
Tokyo Seimitsu Company, Ltd. 2,600 105,497
Tokyo Steel Manufacturing
       Company, Ltd. (A) 2,600 20,971
Tokyo Tekko Company, Ltd. 800 11,654
Tokyo Theatres Company, Inc. (A) 900 12,181
Tokyo TY Financial Group, Inc. (A) 1,936 46,681
Tokyotokeiba Company, Ltd. (A) 1,700 64,176
Tokyu Construction Company, Ltd. 1,500 16,324
Tomato Bank, Ltd. 1,100 15,962
Tomen Devices Corp. 200 5,345
Tomoe Corp. (A) 2,200 11,233
Tomoe Engineering Company, Ltd. 800 16,061
Tomoku Company, Ltd. 1,200 24,355
TOMONY Holdings, Inc. 10,600 48,109
Tomy Company, Ltd. 4,500 45,707
Tonami Holdings Company, Ltd. 500 30,562
Topcon Corp. 3,100 60,792
Toppan Forms Company, Ltd. 3,400 37,655
Topre Corp. 2,300 67,454
Topy Industries, Ltd. 1,300 37,551
Toridoll Holdings Corp. 1,400 51,743
Torii Pharmaceutical Company, Ltd. 1,100 29,266
Torikizoku Company, Ltd. (A) 500 14,346
Torishima Pump Manufacturing
       Company, Ltd. 900 8,501
Tosei Corp. 1,300 15,683
Toshiba Machine Company, Ltd. 8,000 55,619
Toshiba Plant Systems & Services Corp. 2,000 43,734
Toshiba TEC Corp. 3,000 17,742
Tosho Company, Ltd. (A) 800 30,867
Tosho Printing Company, Ltd. 1,500 14,068
Totetsu Kogyo Company, Ltd. 1,800 56,220
Towa Corp. (A) 1,300 17,687
Towa Pharmaceutical Company, Ltd. 700 44,595
Toyo Construction Company, Ltd. 3,100 14,168
Toyo Corp. 2,400 21,644
Toyo Denki Seizo KK (A) 600 10,053
Toyo Engineering Corp. (A)(C) 2,200 20,992
Toyo Ink SC Holdings Company, Ltd. 11,000 68,866
Toyo Kanetsu KK 400 11,525
Toyo Kohan Company, Ltd. 4,000 26,969
Toyo Securities Company, Ltd. 6,000 16,684
Toyo Tanso Company, Ltd. 1,000 31,402
Toyo Tire & Rubber Company, Ltd. 700 12,001
Toyo Wharf & Warehouse
       Company, Ltd. (A) 600 9,747
Toyobo Company, Ltd. 3,893 76,731
TPR Company, Ltd. 1,400 39,895
Trancom Company, Ltd. 300 20,762
Transcosmos, Inc. 1,400 36,385
Tri Chemical Laboratories, Inc. 600 27,462
Trusco Nakayama Corp. 3,000 74,152
Trust Tech, Inc. 400 13,031
TS Tech Company, Ltd. 2,300 91,690
TSI Holdings Company, Ltd. 5,270 38,552
Tsubaki Nakashima Company, Ltd. 700 18,076
Tsubakimoto Chain Company 8,000 65,398
Tsugami Corp. (A) 3,000 38,620
Tsukishima Kikai Company, Ltd. 2,000 28,310
Tsukuba Bank, Ltd. 5,700 19,066
Tsukui Corp. 4,800 37,208
Tsurumi Manufacturing Company, Ltd. 1,000 18,277
Tsutsumi Jewelry Company, Ltd. (A) 700 13,741
TV Asahi Holdings Corp. 700 15,474
Tv Tokyo Holdings Corp. 1,100 29,569
UACJ Corp. (A) 1,903 48,883
Uchida Yoko Company, Ltd. 800 21,601
UKC Holdings Corp. 700 14,453
Uniden Holdings Corp. 9,000 22,885
Union Tool Company 700 24,974
Unipres Corp. 2,600 59,049
United Arrows, Ltd. 1,200 45,500
United Super Markets Holdings, Inc. 4,200 45,063
UNITED, Inc. (A) 400 16,102
Unitika, Ltd. (C) 5,900 36,750
Unizo Holdings Company, Ltd. (A) 1,900 46,756
U-Shin, Ltd. (A)(C) 2,300 16,537
Ushio, Inc. 3,600 48,336
UT Group Company, Ltd. (C) 1,500 48,950
V Technology Company, Ltd. 300 87,063
Valor Holdings Company, Ltd. 2,600 71,002
ValueCommerce Company, Ltd. 1,600 21,212
Vector, Inc. 1,100 25,496
Vital KSK Holdings, Inc. 2,400 23,787
VT Holdings Company, Ltd. (A) 3,300 17,112
Wacoal Holdings Corp. 4,000 116,083
Wakachiku Construction Company, Ltd. 900 14,037
Wakita & Company, Ltd. (A) 4,000 44,324

148



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Japan (continued)
Warabeya Nichiyo Holdings
       Company, Ltd. 900 $ 22,412
Watahan & Company, Ltd. (A) 300 11,477
WATAMI Company, Ltd. (A) 1,200 15,714
Weathernews, Inc. 500 16,019
West Holdings Corp. 1,300 7,962
WIN-Partners Company, Ltd. 1,000 14,206
World Holdings Company, Ltd. 600 26,165
Wowow, Inc. 700 22,371
Xebio Holdings Company, Ltd. 2,800 55,497
Yahagi Construction Company, Ltd. 2,000 15,006
Yaizu Suisankagaku Industry
       Company, Ltd. (A) 1,100 13,131
Yakuodo Company, Ltd. 700 26,488
YAMABIKO Corp. 2,400 31,561
YAMADA Consulting Group
       Company, Ltd. 300 9,477
Yamaichi Electronics Company, Ltd. (A) 1,700 29,393
YA-MAN, Ltd. 1,700 40,233
Yamashin-Filter Corp. (A) 3,000 38,697
Yamato Kogyo Company, Ltd. 3,000 82,783
Yamazen Corp. 3,900 40,493
Yaoko Company, Ltd. 600 32,264
Yasuda Logistics Corp. 1,400 13,471
Yellow Hat, Ltd. 1,000 29,779
Yodogawa Steel Works, Ltd. 1,200 32,059
Yokogawa Bridge Holdings Corp. 2,100 45,168
Yokohama Reito Company, Ltd. (A) 2,900 28,529
Yokowo Company, Ltd. (A) 1,200 22,316
Yomeishu Seizo Company, Ltd. 500 11,422
Yomiuri Land Company, Ltd. 200 8,603
Yondenko Corp. 600 15,075
Yondoshi Holdings, Inc. 1,300 33,624
Yorozu Corp. (A) 1,800 29,878
Yuasa Trading Company, Ltd. 1,100 36,163
Yume No Machi Souzou Iinkai
       Company, Ltd. (A) 1,700 35,877
Yumeshin Holdings Company, Ltd. 2,200 24,562
Yurtec Corp. 2,000 15,974
Yushiro Chemical Industry
       Company, Ltd. 1,100 18,075
Zenrin Company, Ltd. 1,950 41,061
ZERIA Pharmaceutical Company, Ltd. 900 18,180
ZIGExN Company, Ltd. (C) 3,400 31,280
Zojirushi Corp. 2,000 29,476
Zuken, Inc. 800 11,099
36,543,704
Jersey, Channel Islands – 0.2%
Centamin PLC 71,818 155,714
Phoenix Group Holdings 17,598 188,316
344,030
Liechtenstein – 0.0%
Liechtensteinische Landesbank AG 850 48,199
VP Bank AG 149 23,139
71,338
Luxembourg – 0.3%
APERAM SA 3,400 162,811
B&M European Value Retail SA 24,612 135,102
IVS Group SA 880 12,370
L’Occitane International SA 22,250 41,280
Stabilus SA 689 65,772
Sword Group 496 21,392
438,727
Macau – 0.0%
Macau Legend Development, Ltd. (A)(C) 129,000 19,000
Malta – 0.1%
Kindred Group PLC 10,896 149,489
Monaco – 0.1%
Endeavour Mining Corp. (C) 3,183 58,726
Societe des Bains de Mer & du Cercle
       des Etrangers a Monaco (C) 273 18,411
77,137
Mongolia – 0.0%
Mongolian Mining Corp. (A)(C) 346,000 7,499
Netherlands – 2.6%
Aalberts Industries NV 6,065 309,075
Accell Group 1,798 39,171
AMG Advanced Metallurgical Group NV 2,022 90,429
Amsterdam Commodities NV 1,174 30,774
Arcadis NV 6,680 131,484
Argenx SE (C) 826 66,225
ASM International NV 3,323 242,990
ASR Nederland NV 539 23,047
Atrium European Real Estate, Ltd. (C) 9,345 46,010
Basic-Fit NV (C)(D) 814 23,573
BE Semiconductor Industries NV 2,553 261,888
Beter Bed Holding NV (A) 1,056 12,114
BinckBank NV (A) 4,478 25,601
Boskalis Westminster 6,072 177,972
Brack Capital Properties NV (C) 434 52,072
Brunel International NV 1,126 20,659
Corbion NV 3,428 103,996
Euronext NV (D) 2,460 180,316
Flow Traders (D) 1,771 75,450
ForFarmers NV 1,296 18,089
Fugro NV (C) 6,541 86,499
Gemalto NV 3,520 215,091
Heijmans NV (A)(C) 2,023 23,388
Hunter Douglas NV 312 24,862
IMCD Group NV 1,163 71,533
Innoconcepts NV (B)(C) 10,527 0
Intertrust NV (D) 518 10,737
KAS Bank NV 330 4,240
Kendrion NV 1,026 41,973
Koninklijke BAM Groep NV (A) 21,076 98,370
Koninklijke Vopak NV (A) 3,641 178,773
Nederland Apparatenfabriek (A) 225 14,197
Nostrum Oil & Gas PLC (C) 1,610 6,592
OCI NV (C) 3,590 83,068
Ordina NV 5,537 12,168
Philips Lighting NV (D) 2,131 80,119
PostNL NV 28,913 108,344
QIAGEN NV (C) 5,140 166,168
Refresco Group NV (D) 2,299 56,460
SBM Offshore NV 12,039 193,047
Sligro Food Group NV 1,765 96,795
TKH Group NV 2,191 140,431
TomTom NV (C) 9,381 86,558
Van Lanschot Kempen NV 1,125 35,741
Wessanen 5,830 116,836
3,882,925
New Zealand – 0.7%
Air New Zealand, Ltd. 29,312 68,684
Chorus, Ltd. 17,681 51,245
EBOS Group, Ltd. 3,359 43,668
Freightways, Ltd. 9,567 52,519
Genesis Energy, Ltd. 22,721 39,101
Heartland Bank, Ltd. 15,680 19,972

149



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
New Zealand (continued)
Infratil, Ltd. 36,776 $ 82,687
Kathmandu Holdings, Ltd. 4,554 7,987
Mainfreight, Ltd. 5,720 101,956
Metlifecare, Ltd. 10,897 46,144
New Zealand Oil & Gas, Ltd. 1,419 632
NZME, Ltd. (A) 13,259 8,310
PGG Wrightson, Ltd. 8,197 3,567
Pike River Coal, Ltd. (B)(C) 21,968 0
Port of Tauranga, Ltd. 19,491 67,594
Restaurant Brands New Zealand, Ltd. 2,811 14,589
Scales Corp., Ltd. 5,176 16,934
SKY Network Television, Ltd. 18,776 31,266
SKYCITY Entertainment Group, Ltd. 49,833 140,900
Summerset Group Holdings, Ltd. 13,043 65,595
Synlait Milk, Ltd. (A)(C) 4,590 27,910
The New Zealand Refining
       Company, Ltd. 11,354 18,802
The Warehouse Group, Ltd. 9,894 14,412
Tourism Holdings, Ltd. (A) 6,274 27,718
TOWER, Ltd. (C) 12,717 7,459
Trade Me Group, Ltd. 14,357 46,089
Z Energy, Ltd. 5,674 28,793
1,034,533
Norway – 0.7%
ABG Sundal Collier Holding ASA 13,972 11,382
Akastor ASA (C) 6,104 11,952
Aker Solutions ASA (C) 6,300 33,631
American Shipping Company ASA (C) 1,661 4,986
Atea ASA 5,640 91,555
Austevoll Seafood ASA 7,284 73,302
Axactor AB (C) 45,702 15,245
B2Holding ASA 4,699 11,757
Bonheur ASA 1,672 19,690
Borregaard ASA 4,320 40,951
BW Offshore, Ltd. (C) 8,308 45,593
DNO ASA (C) 54,092 85,815
Ekornes ASA 1,675 23,558
Europris ASA (D) 1,916 6,179
Frontline, Ltd. 3,094 14,307
Grieg Seafood ASA 2,264 20,984
Hexagon Composites ASA (C) 3,589 10,320
Hoegh LNG Holdings, Ltd. 2,568 13,747
Kongsberg Automotive ASA (C) 29,400 33,339
Kvaerner ASA (C) 11,623 19,287
NEL ASA (A)(C) 30,841 11,815
Nordic Nanovector ASA (A)(C) 2,098 13,345
Nordic Semiconductor ASA (C) 7,334 44,159
Norwegian Air Shuttle ASA (A)(C) 1,910 41,275
Norwegian Property ASA 7,609 9,816
Ocean Yield ASA (A) 4,830 40,761
Odfjell Drilling, Ltd. (C) 2,195 8,978
Otello Corp ASA (A)(C) 6,623 15,670
Petroleum Geo-Services ASA (C) 19,660 61,190
Prosafe SE (A)(C) 336 506
Protector Forsikring ASA (A) 4,177 45,479
Sbanken ASA (D) 3,381 31,746
Scatec Solar ASA (D) 4,197 24,651
Sevan Marine ASA (A)(C) 2,068 3,570
Solstad Farstad ASA (C) 2,340 1,621
Treasure ASA 3,110 6,408
Veidekke ASA (A) 6,400 71,892
Wilh Wilhelmsen Holding ASA, Class A 862 25,433
XXL ASA (A)(D) 3,048 31,432
1,077,327
Peru – 0.0%
Hochschild Mining PLC 16,530 46,277
Portugal – 0.5%
Altri SGPS SA 6,126 40,837
Banco Comercial Portugues SA (C) 763,825 256,126
CTT-Correios de Portugal SA (A) 2,634 10,136
Mota-Engil SGPS SA 10,759 43,259
NOS SGPS SA 17,437 102,772
REN - Redes Energeticas Nacionais
       SGPS SA 21,378 65,788
Semapa-Sociedade de Investimento &
       Gestao 1,885 42,992
Sonae SGPS SA 82,367 111,165
Teixeira Duarte SA 21,736 6,797
The Navigator Company SA 16,480 97,093
776,965
Russia – 0.0%
Petropavlovsk PLC (C) 214,252 21,483
Singapore – 1.1%
Accordia Golf Trust 40,300 19,837
Ascendas India Trust 29,700 22,875
Banyan Tree Holdings, Ltd. (C) 54,000 23,769
Best World International, Ltd. 16,300 23,049
BOC Aviation, Ltd. (D) 3,800 22,664
Boustead Projects, Ltd. 3,000 1,846
Boustead Singapore, Ltd. 10,000 6,228
Bukit Sembawang Estates, Ltd. 11,000 51,437
BW LPG, Ltd. (C)(D) 4,059 18,899
China Aviation Oil Singapore Corp., Ltd. 14,400 17,335
Chip Eng Seng Corp., Ltd. 33,000 24,914
CITIC Envirotech, Ltd. 26,900 14,603
ComfortDelGro Corp., Ltd. 57,500 90,264
COSCO Shipping International
       Singapore Company, Ltd. (C) 58,900 21,547
CSE Global, Ltd. 34,000 10,426
Delfi, Ltd. 21,900 24,554
Ezion Holdings, Ltd. (B)(C) 131,300 19,728
Far East Orchard, Ltd. 5,000 5,657
First Resources, Ltd. 19,300 24,803
Gallant Venture, Ltd. (C) 71,000 6,366
GL, Ltd. 51,700 30,816
Golden Agri-Resources, Ltd. 170,900 45,815
GuocoLand, Ltd. 10,400 16,548
Halcyon Agri Corp., Ltd. (C) 4,293 1,939
Haw Par Corp., Ltd. 3,600 34,356
Ho Bee Land, Ltd. 11,400 21,981
Hong Fok Corp., Ltd. 52,800 31,903
Hong Leong Asia, Ltd. 13,000 9,603
Hong Leong Finance, Ltd. 6,400 13,160
Hutchison Port Holdings Trust 161,400 47,815
Hyflux, Ltd. 24,000 5,142
Hyflux, Ltd. (B) 2,400 549
IGG, Inc. 64,000 88,923
Indofood Agri Resources, Ltd. 25,000 6,230
Kenon Holdings, Ltd. 787 12,753
Keppel Infrastructure Trust 140,600 57,510
M1, Ltd. 16,900 22,449
Metro Holdings, Ltd. 31,600 27,578
Midas Holdings, Ltd. (B)(C) 86,000 10,705
OUE, Ltd. 11,100 15,455
Raffles Medical Group, Ltd. 34,100 30,016
RHT Health Trust 26,900 16,622
SBS Transit, Ltd. 5,000 9,736
Sembcorp Marine, Ltd. 47,000 81,601
Sheng Siong Group, Ltd. 29,900 21,245

150



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Singapore (continued)
SIA Engineering Company, Ltd. 12,800 $ 31,096
SIIC Environment Holdings, Ltd. 35,800 12,731
Sinarmas Land, Ltd. 94,200 26,739
Singapore Post, Ltd. 66,100 69,290
Singapore Press Holdings, Ltd. 49,100 94,735
Stamford Land Corp., Ltd. 59,000 21,802
StarHub, Ltd. 18,000 31,685
Swiber Holdings, Ltd. (B)(C) 15,000 1,247
Tat Hong Holdings, Ltd. (C) 31,000 11,735
UMS Holdings, Ltd. 14,000 12,660
United Engineers, Ltd. 32,100 63,985
United Industrial Corp., Ltd. 7,100 17,600
UOB-Kay Hian Holdings, Ltd. 20,703 21,959
Wheelock Properties Singapore, Ltd. 8,300 11,367
Wing Tai Holdings, Ltd. 21,205 33,620
XP Power, Ltd. 482 21,605
Yeo Hiap Seng, Ltd. 1,104 962
Yongnam Holdings, Ltd. (C) 32,625 7,397
1,603,466
South Africa – 0.0%
Lonmin PLC (C) 4,766 3,908
Petra Diamonds, Ltd. (C) 53,738 49,615
53,523
Spain – 2.6%
Acciona SA 1,823 138,599
Acerinox SA 10,424 145,805
Adveo Group International SA (C) 702 2,078
Alantra Partners SA 1,181 22,627
Almirall SA 4,393 51,937
Amper SA (A)(C) 82,546 19,193
Applus Services SA 6,546 85,345
Atresmedia Corp. de Medios de
       Comunicacion SA 4,901 46,756
Baron de Ley (C) 172 22,527
Bolsas y Mercados Espanoles
       SHMSF SA 5,350 181,113
Caja de Ahorros del Mediterraneo (B)(C) 5,428 0
Cellnex Telecom SA (D) 7,524 201,146
Cia de Distribucion Integral Logista
       Holdings SA 1,883 39,918
CIE Automotive SA 3,433 122,660
Construcciones y Auxiliar de
       Ferrocarriles SA 1,425 73,758
Distribuidora Internacional de
       Alimentacion SA 26,359 112,038
Duro Felguera SA (A)(C) 5,568 1,717
Ebro Foods SA 5,367 136,543
eDreams ODIGEO SA (C) 6,457 30,777
Elecnor SA 2,026 33,890
Enagas SA 11,425 312,871
Ence Energia y Celulosa SA 12,997 98,104
Ercros SA 12,631 66,283
Euskaltel SA (D) 6,084 50,809
Faes Farma SA 20,978 76,768
Fluidra SA 3,227 54,892
Fomento de Construcciones y Contratas
       SA (C) 995 12,179
Global Dominion Access SA (C)(D) 965 5,270
Grupo Catalana Occidente SA 3,214 140,053
Indra Sistemas SA (C) 8,984 124,387
Laboratorios Farmaceuticos Rovi SA 987 21,085
Liberbank SA (C) 130,927 71,704
Mediaset Espana Comunicacion SA 7,779 79,242
Melia Hotels International SA 6,008 85,048
Miquel y Costas & Miquel SA 922 40,100
NH Hotel Group SA 16,992 133,695
Obrascon Huarte Lain SA (C) 14,644 62,662
Papeles y Cartones de Europa SA 5,059 88,352
Parques Reunidos Servicios Centrales
       SAU (D) 711 11,196
Pharma Mar SA (C) 13,550 27,467
Promotora de Informaciones SA,
       Class A (C) 16,196 33,932
Prosegur Cia de Seguridad SA 14,186 109,108
Quabit Inmobiliaria SA (C) 8,429 21,172
Realia Business SA (C) 13,915 18,685
Sacyr SA 35,417 94,759
Saeta Yield SA 3,017 45,258
Solaria Energia y Medio Ambiente
       SA (A)(C) 5,568 29,461
Talgo SA (D) 4,711 30,495
Tecnicas Reunidas SA 2,298 67,942
Tubacex SA (C) 6,252 25,902
Tubos Reunidos SA (A)(C) 9,106 4,463
Vidrala SA 1,377 155,109
Viscofan SA 2,898 200,124
Zardoya Otis SA 6,140 61,867
3,928,871
Sweden – 2.8%
AAK AB 1,643 145,472
AcadeMedia AB (C)(D) 1,818 11,880
Acando AB 6,279 22,349
AddLife AB 856 16,340
AddNode Group AB 908 8,469
AddTech AB, B Shares 5,019 101,287
AF AB, B Shares 4,252 93,052
Ahlstrom-Munksjo OYJ 4,382 91,444
Alimak Group AB (A)(D) 525 7,999
Atrium Ljungberg AB, B Shares 2,105 31,055
Attendo AB (D) 2,185 20,629
Avanza Bank Holding AB (A) 1,653 87,414
Beijer Alma AB 1,025 29,280
Beijer Ref AB 2,250 93,544
Bergman & Beving AB 2,270 23,056
Betsson AB (C) 7,923 60,006
Bilia AB, A Shares 6,880 61,167
BillerudKorsnas AB 1,434 22,237
BioGaia AB, B Shares 839 42,368
Bonava AB, B Shares 3,323 45,645
Bravida Holding AB (D) 3,544 25,377
Bufab AB 1,068 13,837
Bulten AB 717 9,657
Bure Equity AB 3,775 41,696
Byggmax Group AB 5,363 26,671
Capio AB (D) 2,461 12,485
Catena AB 1,035 20,489
Clas Ohlson AB, B Shares 3,185 34,542
Cloetta AB, B Shares 18,972 72,531
Collector AB (C) 1,870 14,663
Com Hem Holding AB 4,044 65,671
Concordia Maritime AB, B Shares 2,200 2,831
D Carnegie & Company AB (C) 787 11,632
Dios Fastigheter AB 6,611 44,723
Dometic Group AB (D) 9,497 87,002
Duni AB 2,559 35,435
Dustin Group AB (D) 798 7,096
Eastnine AB 1,669 17,522
Enea AB (C) 1,999 18,398
Fabege AB 6,102 132,475

151



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Sweden (continued)
Fagerhult AB (A) 4,095 $ 50,104
Granges AB 4,391 51,659
Haldex AB 3,364 34,424
Hemfosa Fastigheter AB 7,325 88,983
HIQ International AB (C) 3,756 32,247
Hoist Finance AB (A)(D) 2,083 19,183
Holmen AB, B Shares 3,220 175,146
Indutrade AB 4,203 108,746
Inwido AB 3,126 27,983
JM AB 5,515 125,522
KappAhl AB 2,691 8,277
Klovern AB, B Shares 23,978 29,796
KNOW IT AB 1,068 21,574
Kungsleden AB 12,751 85,354
Lagercrantz Group AB, B Shares 1,564 15,667
Lifco AB, B Shares 630 24,286
Lindab International AB 6,008 45,484
Loomis AB, B Shares 3,558 128,447
Mekonomen AB 2,150 36,781
Modern Times Group MTG AB,
       B Shares 2,175 88,442
Momentum Group AB, Class B (C) 2,270 27,213
Mycronic AB (A) 3,734 47,937
NCC AB, B Shares 2,552 48,654
NetEnt AB (C) 8,580 43,312
New Wave Group AB, B Shares 4,353 28,331
Nobia AB 8,526 76,960
Nobina AB (D) 3,226 20,863
Nolato AB, B Shares 1,128 82,605
Nordax Group AB (D) 3,088 22,217
NP3 Fastigheter AB 1,683 11,920
OEM International AB, B Shares 1,656 33,449
Pandox AB (A) 2,052 36,924
Peab AB 14,016 126,541
Platzer Fastigheter Holding AB, Series B 1,885 11,826
Qliro Group AB (A)(C) 6,110 8,962
Ratos AB, B Shares (A) 14,845 58,180
RaySearch Laboratories AB (C) 1,111 16,404
Recipharm AB, B Shares (A) 1,946 22,311
Resurs Holding AB (D) 1,621 11,483
Sagax AB, B Shares 1,104 13,183
SAS AB (A)(C) 6,411 15,232
Scandi Standard AB 2,986 20,568
Scandic Hotels Group AB (D) 4,043 38,781
Sensys Gatso Group AB (C) 23,414 3,548
SkiStar AB 803 16,136
Sweco AB, B Shares 4,462 92,441
Thule Group AB (D) 3,182 69,077
Tobii AB (C) 2,460 9,515
Troax Group AB 436 12,324
VBG Group AB, B Shares 630 10,149
Victoria Park AB, B Shares 7,077 26,951
Wallenstam AB, B Shares 9,275 84,435
Wihlborgs Fastigheter AB 4,166 96,681
4,152,644
Switzerland – 4.6%
Allreal Holding AG 841 138,409
Alpiq Holding AG (C) 155 12,146
ALSO Holding AG (C) 269 35,492
APG SGA SA 88 37,143
Arbonia AG (A)(C) 2,390 43,816
Aryzta AG (A)(C) 3,629 80,827
Ascom Holding AG 2,404 51,175
Autoneum Holding AG (A) 221 60,203
Bachem Holding AG, Class B 99 13,036
Bank Cler AG 634 28,511
Banque Cantonale de Geneve 142 25,781
Banque Cantonale Vaudoise 91 73,659
Belimo Holding AG 21 85,027
Bell Food Group AG 90 34,715
Bellevue Group AG (C) 467 11,337
Berner Kantonalbank AG (A) 285 53,220
BKW AG 659 43,837
Bobst Group SA 632 70,100
Bossard Holding AG, Class A 447 91,858
Bucher Industries AG 463 193,469
Burckhardt Compression Holding AG 228 72,802
Burkhalter Holding AG 218 25,581
Calida Holding AG (A)(C) 285 10,886
Cembra Money Bank AG (C) 1,192 105,942
Cicor Technologies (C) 277 17,399
Coltene Holding AG 170 16,225
Conzzeta AG 54 64,547
Daetwyler Holding AG 589 112,658
DKSH Holding AG 1,026 83,433
dormakaba Holding AG (C) 225 176,197
Edmond de Rothschild Suisse SA 1 18,774
EFG International AG (C) 4,687 37,593
Emmi AG 158 129,665
Energiedienst Holding AG 559 14,619
Fenix Outdoor International AG 225 27,977
Ferrexpo PLC 5,662 19,457
Flughafen Zurich AG 767 169,399
Forbo Holding AG 82 114,983
GAM Holding AG (C) 10,480 176,466
Georg Fischer AG 282 377,562
Gurit Holding AG (C) 22 17,931
Helvetia Holding AG 463 276,013
Hiag Immobilien Holding AG (C) 163 21,040
HOCHDORF Holding AG (A)(C) 49 14,568
Huber & Suhner AG 574 32,603
Hypothekarbank Lenzburg AG 3 14,113
Implenia AG 994 78,864
Inficon Holding AG (C) 129 79,426
Interroll Holding AG 38 59,674
Intershop Holding AG 72 37,817
IWG PLC 38,584 123,642
Jungfraubahn Holding AG 153 23,219
Kardex AG (C) 420 56,961
Komax Holding AG 232 67,065
Kudelski SA (A)(C) 2,497 26,170
LEM Holding SA 42 69,887
Logitech International SA 4,136 151,812
Logitech International SA 1,671 61,376
Luzerner Kantonalbank AG 254 137,132
MCH Group AG 273 13,762
Metall Zug AG, B Shares 8 27,609
Mobilezone Holding AG 1,773 22,796
Mobimo Holding AG (C) 463 122,603
OC Oerlikon Corp. AG (C) 9,688 171,240
Orascom Development Holding AG (C) 533 8,560
Orell Fuessli Holding AG (A) 92 10,672
Oriflame Holding AG 1,523 73,260
Orior AG 425 35,096
Panalpina Welttransport Holding AG 775 97,921
Phoenix Mecano AG 38 26,310
Plazza AG, Class A 62 14,526
PSP Swiss Property AG 2,015 196,625
Rieter Holding AG (C) 251 49,186
Romande Energie Holding SA 34 42,890

152



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Switzerland (continued)
Schaffner Holding AG (C) 40 $ 12,254
Schmolz & Bickenbach AG (C) 39,436 30,658
Schweiter Technologies AG 71 84,496
SFS Group AG (C) 555 65,372
Siegfried Holding AG (C) 210 70,740
St. Galler Kantonalbank AG 125 69,203
Sulzer AG 887 116,757
Sunrise Communications Group
       AG (C)(D) 1,397 117,201
Swiss Prime Site AG (C) 580 56,130
Swissquote Group Holding SA 588 35,733
Tamedia AG 201 28,179
Tecan Group AG 559 118,386
Temenos Group AG (C) 1,316 157,801
u-blox Holding AG 323 58,194
Valiant Holding AG 1,060 125,598
Valora Holding AG 284 97,124
VAT Group AG (C)(D) 338 56,916
Vaudoise Assurances Holding SA 64 34,476
Vetropack Holding AG 10 19,579
Von Roll Holding AG (C) 7,878 11,204
Vontobel Holding AG 1,927 119,467
VZ Holding AG 83 22,536
Walliser Kantonalbank 203 21,779
Warteck Invest AG 7 14,353
Ypsomed Holding AG (A)(C) 276 42,242
Zehnder Group AG 615 28,413
Zug Estates Holding AG, B Shares (A) 16 28,872
Zuger Kantonalbank AG 13 78,372
6,940,330
Taiwan – 0.0%
Ya Hsin Industrial Company, Ltd. (B)(C) 138,000 0
United Arab Emirates – 0.0%
Lamprell PLC (C) 33,134 34,020
United Kingdom – 15.1%
4imprint Group PLC 1,523 33,706
A.G. Barr PLC 7,680 70,774
AA PLC 27,539 31,102
Acacia Mining PLC 8,311 16,657
Afren PLC (B)(C) 55,554 0
Aggreko PLC 12,621 130,047
Alizyme PLC (B)(C) 22,479 0
Anglo Pacific Group PLC 12,147 25,711
Anglo-Eastern Plantations PLC 1,225 13,248
Arrow Global Group PLC 6,931 34,234
Ashmore Group PLC 18,067 96,738
Auto Trader Group PLC (D) 39,082 192,104
AVEVA Group PLC 1,203 32,264
Avon Rubber PLC 2,322 41,422
Babcock International Group PLC 9,713 91,172
Balfour Beatty PLC 63,404 238,298
BBA Aviation PLC 65,305 294,046
Beazley PLC 34,635 278,094
Bellway PLC 8,382 358,707
Bodycote PLC 14,350 180,529
Bovis Homes Group PLC 14,625 233,669
Braemar Shipping Services PLC 1,328 4,725
Brewin Dolphin Holdings PLC 25,489 123,503
Britvic PLC 11,749 112,552
BTG PLC (C) 16,648 158,054
Cairn Energy PLC (C) 32,953 95,520
Cambian Group PLC 6,001 15,335
Capita PLC 1,748 3,536
Capital & Counties Properties PLC 31,225 119,254
Card Factory PLC 6,095 16,154
Carillion PLC (B) 35,521 7,077
Charles Taylor PLC 4,285 15,938
Chemring Group PLC 24,869 70,003
Chesnara PLC 5,125 28,148
Cineworld Group PLC 78,045 258,671
Circassia Pharmaceuticals PLC (C) 9,034 10,876
Clarkson PLC 2,434 103,112
Close Brothers Group PLC 15,753 317,700
CLS Holdings PLC 10,759 35,534
Cobham PLC (C) 110,551 190,502
Computacenter PLC 4,832 78,049
Concentric AB 3,667 64,743
Connect Group PLC 21,090 16,598
Consort Medical PLC 3,903 61,561
Costain Group PLC 4,797 31,280
Countryside Properties PLC (D) 2,472 10,896
Countrywide PLC (C) 10,669 15,777
Cranswick PLC 4,377 174,776
Crest Nicholson Holdings PLC 16,969 108,191
Daejan Holdings PLC 569 47,900
Daily Mail & General Trust PLC,
       Class A 27,111 245,508
Dairy Crest Group PLC 12,632 90,737
De La Rue PLC 6,976 49,815
Debenhams PLC 76,182 22,381
Dechra Pharmaceuticals PLC 1,029 37,920
Devro PLC 11,119 30,567
DFS Furniture PLC 12,509 32,199
Dialight PLC (C) 105 736
Dialog Semiconductor PLC (C) 5,144 122,507
Dignity PLC 3,439 42,251
Diploma PLC 7,954 127,733
DiscoverIE Group PLC 3,093 18,066
Dixons Carphone PLC 10,549 27,584
Domino’s Pizza Group PLC 29,982 139,157
Drax Group PLC 33,303 128,595
Dunelm Group PLC 5,863 43,379
EI Group PLC (C) 40,990 66,219
Electrocomponents PLC 26,438 222,686
Elementis PLC 38,901 161,358
EnQuest PLC (C) 76,575 31,219
Equiniti Group PLC (D) 10,616 44,537
Essentra PLC 14,966 89,007
esure Group PLC 14,313 43,585
Euromoney Institutional Investor PLC 4,132 71,137
FDM Group Holdings PLC 2,162 30,934
Fenner PLC 19,895 170,231
Fidessa Group PLC 3,962 204,082
Findel PLC (C) 8,139 26,083
Firstgroup PLC (C) 125,061 144,073
Flex Lng, Ltd. (C) 15,708 21,788
Foxtons Group PLC 23,551 26,753
Fuller Smith & Turner PLC, Class A 1,525 20,434
Galliford Try PLC 6,450 75,797
Games Workshop Group PLC 2,745 88,966
Gem Diamonds, Ltd. (C) 12,666 16,019
Genus PLC 5,069 165,861
Go-Ahead Group PLC 3,862 95,148
Gocompare.Com Group PLC 23,140 36,391
Grainger PLC 22,342 90,582
Greene King PLC 20,833 137,795
Greggs PLC 7,042 121,538
Halfords Group PLC 15,547 71,096
Halma PLC 12,469 206,402

153



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
United Kingdom (continued)
Hays PLC 83,740 $ 221,527
Headlam Group PLC 6,602 41,102
Helical PLC 8,263 37,401
Henry Boot PLC 5,301 22,009
Hill & Smith Holdings PLC 7,014 130,976
Hilton Food Group PLC 1,880 21,934
HomeServe PLC 17,491 181,429
Howden Joinery Group PLC 36,456 235,975
Hunting PLC (C) 14,400 135,798
Ibstock PLC (D) 7,043 27,857
IG Group Holdings PLC 21,765 243,760
IMI PLC 10,714 162,522
Inchcape PLC 25,976 251,846
Indivior PLC (C) 37,592 214,888
Inmarsat PLC 15,832 80,499
Intermediate Capital Group PLC 12,019 166,008
International Personal Finance PLC 12,526 40,156
Interserve PLC (C) 17,216 19,466
IP Group PLC (C) 127 205
ITE Group PLC 19,954 43,764
J.D. Wetherspoon PLC 6,607 105,682
James Fisher & Sons PLC 4,634 102,275
Jardine Lloyd Thompson Group PLC 9,259 166,581
JD Sports Fashion PLC 22,486 106,056
John Laing Group PLC (D) 9,818 37,096
John Menzies PLC 6,747 59,523
John Wood Group PLC 28,613 217,419
Jupiter Fund Management PLC 22,824 151,311
Just Group PLC 20,396 39,072
KAZ Minerals PLC (C) 18,002 217,159
KCOM Group PLC 45,174 58,255
Keller Group PLC 5,815 71,085
Kier Group PLC 9,955 130,716
Ladbrokes Coral Group PLC (B)(C) 83,260 12,616
Laird PLC 45,141 127,072
Lancashire Holdings, Ltd. 16,425 133,589
Lookers PLC 22,449 27,638
Low & Bonar PLC 22,280 17,465
LSL Property Services PLC 6,404 20,174
Man Group PLC 100,818 243,110
Marshalls PLC 12,527 73,557
Marston’s PLC 54,494 77,258
McBride PLC (C) 14,770 32,602
McCarthy & Stone PLC (D) 19,899 40,417
Mears Group PLC 8,289 38,635
Meggitt PLC 41,155 249,667
Melrose Industries PLC 63,726 206,478
Millennium & Copthorne Hotels PLC 11,031 83,078
Mitchells & Butlers PLC 21,964 77,006
Mitie Group PLC 23,334 52,013
MJ Gleeson PLC 2,770 28,390
Moneysupermarket.com Group PLC 26,722 107,560
Morgan Advanced Materials PLC 28,365 126,794
Morgan Sindall Group PLC 3,612 59,281
Mothercare PLC (C) 8,741 2,099
MWB Group Holdings PLC (B)(C) 11,618 795
N. Brown Group PLC 9,633 23,844
National Express Group PLC 36,763 199,310
NCC Group PLC 13,335 35,281
NEX Group PLC 19,909 274,535
Northgate PLC 13,449 63,661
Ocado Group PLC (C) 24,801 185,132
OneSavings Bank PLC 9,121 47,840
Ophir Energy PLC (C) 7,595 5,607
Oxford Instruments PLC 4,212 43,694
Pagegroup PLC 25,027 188,600
Paragon Banking Group PLC 12,213 80,839
PayPoint PLC 4,414 49,552
Pendragon PLC 102,667 33,431
Pennon Group PLC 25,144 227,317
Petrofac, Ltd. 5,818 41,501
Pets at Home Group PLC 8,991 21,308
Photo-Me International PLC 18,684 43,244
Polypipe Group PLC 5,799 28,346
Premier Foods PLC (C) 41,106 21,767
Premier Oil PLC (C) 29,180 28,483
PZ Cussons PLC 16,024 51,363
QinetiQ Group PLC 39,382 114,111
Rank Group PLC 7,303 21,175
Rathbone Brothers PLC 3,547 121,913
Redrow PLC 22,732 189,944
Renewi PLC 83,250 87,603
Renishaw PLC 2,128 134,574
Ricardo PLC 3,961 50,926
Rightmove PLC 3,818 233,066
RM PLC 8,752 24,599
Robert Walters PLC 3,076 29,332
Rotork PLC 60,697 242,595
RPC Group PLC 30,356 330,027
RPS Group PLC 21,630 77,441
Saga PLC 27,771 44,036
Savills PLC 9,220 127,055
SDL PLC 7,019 40,524
Senior PLC 41,571 175,753
Serco Group PLC (C) 14,967 18,556
Severfield PLC 11,941 12,224
SIG PLC 58,251 110,844
Soco International PLC 16,636 21,464
Softcat PLC 823 7,906
Spectris PLC 6,241 236,208
Speedy Hire PLC 24,369 17,786
Spirax-Sarco Engineering PLC 2,472 199,412
Spire Healthcare Group PLC (D) 8,597 25,342
Spirent Communications PLC 60,317 97,604
Sportech PLC (C) 11,390 9,576
Sports Direct International PLC (C) 7,111 36,702
SSP Group PLC 18,412 158,160
St. Ives PLC 3,492 4,242
St. Modwen Properties PLC 19,165 104,363
Stagecoach Group PLC 27,597 51,239
Stallergenes Greer PLC (C) 390 13,857
SThree PLC 8,144 36,871
Stobart Group, Ltd. 12,751 39,517
Stock Spirits Group PLC 6,082 21,271
Stolt-Nielsen, Ltd. 2,414 29,706
STV Group PLC 2,685 12,197
Superdry PLC 3,110 68,140
Synthomer PLC 17,850 120,426
TalkTalk Telecom Group PLC 31,116 50,715
Tate & Lyle PLC 44,161 337,285
Ted Baker PLC 3,022 106,051
Telecom Plus PLC 4,910 84,545
Tesco PLC 78,225 226,399
The Restaurant Group PLC 12,695 45,168
The Vitec Group PLC 1,430 24,724
The Weir Group PLC 6,538 183,270
Thomas Cook Group PLC 84,977 141,097
Topps Tiles PLC 15,591 17,139
TP ICAP PLC 33,151 208,128
Travis Perkins PLC 8,279 143,542

154



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

      Shares or
Principal
Amount		       Value
COMMON STOCKS (continued)
United Kingdom (continued)
Trifast PLC 3,637 $ 13,193
Trinity Mirror PLC 27,680 30,816
TT Electronics PLC 14,769 41,137
Tullow Oil PLC (A)(C) 145,732 401,740
U & I Group PLC 7,372 20,191
UBM PLC 22,464 295,711
Ultra Electronics Holdings PLC 6,580 127,582
Vectura Group PLC (C) 41,947 45,692
Vesuvius PLC 20,181 165,429
Victrex PLC 9,279 334,554
Virgin Money Holdings UK PLC 8,472 31,310
Volex PLC (C) 3,136 2,832
Vp PLC 637 7,592
WH Smith PLC 6,800 186,445
William Hill PLC 61,057 283,095
Wilmington PLC 8,076 27,766
Wincanton PLC 7,151 21,974
Xaar PLC 5,629 26,557
Zeal Network SE 349 11,233
ZPG PLC (D) 6,724 31,745
22,773,588
United States – 0.2%
Alacer Gold Corp. (C) 21,191 33,719
Argonaut Gold, Inc. (C) 12,132 23,165
Energy Fuels, Inc. (A)(C) 730 1,230
Invesque, Inc. 2,000 17,280
Ormat Technologies, Inc. 1 41
REC Silicon ASA (C) 135,975 26,036
Sims Metal Management, Ltd. 15,252 171,328
Tahoe Resources, Inc. 19,100 89,692
362,491
TOTAL COMMON STOCKS (Cost $127,056,457) $ 148,670,902
 
PREFERRED SECURITIES – 0.3%
Germany – 0.3%
Draegerwerk AG & Company KGaA 721 68,530
FUCHS PETROLUB SE 1,199 65,087
Jungheinrich AG 1,678 74,370
Sartorius AG 646 90,399
Sixt SE 1,166 89,210
STO SE & Company KGaA 124 17,393
Villeroy & Boch AG 625 14,370
419,359
TOTAL PREFERRED SECURITIES (Cost $261,289) $ 419,359
 
RIGHTS – 0.0%
Altran Technologies SA (Expiration
       Date: 4-10-18; Strike Price: EUR
       9.23) (C) 10,128 16,951
Anima Holding SpA (Expiration
       Date: 4-13-18; Strike Price: EUR
       4.17) (C) 12,692 4,841
Freedom Foods Group, Ltd. (Expiration
       Date: 4-6-18; Strike Price: AUD
       4.80) (C) 666 225
Galliford Try PLC (Expiration
       Date: 4-16-18; Strike Price: GBP
       5.68) (C) 2,150 8,446
TOTAL RIGHTS (Cost $0) $ 30,463
SECURITIES LENDING COLLATERAL – 10.6%
John Hancock Collateral Trust,
       1.8276% (E)(F) 1,600,847 16,011,356
TOTAL SECURITIES LENDING COLLATERAL (Cost
$16,015,124) $ 16,011,356
Total Investments (International Small Company Trust)
       (Cost $143,332,870) – 109.4% $ 165,132,080
Other assets and liabilities, net – (9.4%) (14,199,259 )
TOTAL NET ASSETS – 100.0% $ 150,932,821

Currency Abbreviations

AUD         Australian Dollar
EUR Euro
GBP Pound Sterling

Security Abbreviations and Legend

(A)         A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $14,759,827.
(B) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(C) Non-income producing security.
(D) 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.
(E) The rate shown is the annualized seven-day yield as of 3-31-18.
(F) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

DERIVATIVES

FUTURES

                                    Unrealized
Number of Expiration Notional Notional appreciation
Open contracts contracts Position date basis* value* (depreciation)
Mini MSCI EAFE Index Futures 5 Long Jun 2018 $506,414 $500,150 $(6,264 )
$(6,264 )

* Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

See Notes to Portfolio of Investments regarding investment transactions and other derivatives information.

155



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Value Trust

      Shares or      
Principal
Amount Value
COMMON STOCKS – 96.3%
Canada – 5.8%
Alamos Gold, Inc., Class A (A) 1,816,800 $ 9,465,528
Barrick Gold Corp. 454,580 5,659,521
Cenovus Energy, Inc. 864,028 7,356,997
Husky Energy, Inc. 544,100 7,787,638
Wheaton Precious Metals Corp. 867,700 17,679,299
47,948,983
China – 7.9%
Baidu, Inc., ADR (B) 67,360 15,034,078
China Life Insurance Company, Ltd.,
       H Shares 2,592,000 7,246,690
China Telecom Corp., Ltd., H Shares 26,684,427 11,835,398
NetEase, Inc., ADR 25,100 7,037,789
Shanghai Pharmaceuticals Holding
       Company, Ltd., H Shares 2,664,000 7,171,049
Sinopec Engineering Group
       Company, Ltd., H Shares 7,913,000 7,892,017
Sinopharm Group Company, Ltd.,
       H Shares 1,894,800 9,496,432
65,713,453
Denmark – 0.6%
Orsted A/S (C) 76,448 4,973,854
France – 6.4%
AXA SA 389,045 10,341,998
BNP Paribas SA 233,759 17,335,751
Cie Generale des Etablissements
       Michelin SCA 39,521 5,850,803
Sanofi 72,123 5,787,162
TOTAL SA 147,257 8,440,734
Veolia Environnement SA 231,064 5,489,482
53,245,930
Germany – 7.7%
Bayer AG 94,153 10,614,232
Gerresheimer AG 105,925 8,704,405
Innogy SE (C) 243,488 11,541,169
Merck KGaA 62,395 5,986,677
MorphoSys AG (B) 120,666 12,346,962
Siemens AG 63,260 8,071,814
Telefonica Deutschland Holding AG 1,343,278 6,311,943
63,577,202
Hong Kong – 3.4%
China Mobile, Ltd. 948,000 8,688,794
CK Hutchison Holdings, Ltd. 1,079,000 12,964,477
Kunlun Energy Company, Ltd. 3,738,000 3,246,337
Value Partners Group, Ltd. 3,709,900 3,495,606
28,395,214
India – 1.0%
Hero MotoCorp, Ltd. 86,370 4,703,256
Jain Irrigation Systems, Ltd. 1,932,099 3,182,906
7,886,162
Ireland – 2.4%
Bank of Ireland Group PLC (B) 699,219 6,127,188
CRH PLC 151,689 5,138,005
Shire PLC 166,448 8,284,069
19,549,262
Israel – 1.9%
Teva Pharmaceutical Industries, Ltd.,
       ADR (A) 945,158 16,152,750
Italy – 1.9%
Eni SpA 899,999 15,853,735
Japan – 12.4%
Astellas Pharma, Inc. 786,400 12,028,767
Ezaki Glico Company, Ltd. (A) 82,600 4,384,168
Inpex Corp. 774,800 9,614,751
Kirin Holdings Company, Ltd. 392,400 10,446,508
Panasonic Corp. 335,100 4,812,201
Ryohin Keikaku Company, Ltd. 19,500 6,514,772
Seven & i Holdings Company, Ltd. 107,100 4,587,343
SoftBank Group Corp. 241,400 18,006,331
Sumitomo Metal Mining Company, Ltd. 131,600 5,443,190
Sumitomo Rubber Industries, Ltd. 510,100 9,404,889
Suntory Beverage & Food, Ltd. 188,900 9,195,750
Taiheiyo Cement Corp. 228,400 8,203,979
102,642,649
Luxembourg – 2.2%
SES SA (A) 700,784 9,485,803
Tenaris SA (A) 506,333 8,752,521
18,238,324
Malta – 0.0%
BGP Holdings PLC (B)(D) 2,126,418 3
Netherlands – 9.0%
Aegon NV 2,847,072 19,208,698
Flow Traders (C) 128,865 5,490,077
ING Groep NV 295,658 4,989,295
QIAGEN NV (B) 393,801 12,730,949
Royal Dutch Shell PLC, B Shares 652,087 20,983,093
SBM Offshore NV 672,719 10,787,121
74,189,233
Singapore – 2.0%
Singapore Telecommunications, Ltd. 3,935,300 10,163,699
Singapore
       Telecommunications, Ltd., ADR 4,800 124,536
United Overseas Bank, Ltd. 308,500 6,491,525
16,779,760
South Korea – 6.7%
DB Insurance Company, Ltd. 20,266 1,259,019
Hana Financial Group, Inc. 267,618 11,533,572
KB Financial Group, Inc., ADR 241,451 13,989,671
Samsung Electronics Company, Ltd. 12,187 28,474,636
55,256,898
Sweden – 0.6%
Getinge AB, B Shares (A) 406,590 4,630,092
Switzerland – 4.1%
Landis+Gyr Group AG (A)(B) 42,268 3,276,391
Roche Holding AG 80,864 18,549,969
UBS Group AG (B) 676,935 11,926,868
33,753,228
Taiwan – 2.5%
Catcher Technology Company, Ltd. 484,000 6,083,833
Quanta Computer, Inc. 2,658,000 5,402,212
Taiwan Semiconductor
       Manufacturing Company, Ltd. 1,101,000 9,325,691
20,811,736
Thailand – 1.8%
Bangkok Bank PCL 261,700 1,798,546
Bangkok Bank PCL, NVDR 1,236,700 7,856,923
Kasikornbank PCL 209,700 1,432,305
Kasikornbank PCL, NVDR 573,200 3,900,706
14,988,480
United Kingdom – 16.0%
Aviva PLC 918,976 6,413,600
BAE Systems PLC 1,327,679 10,862,638
Barclays PLC 3,212,550 9,387,391
BP PLC 3,508,636 23,666,059

156



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

International Value Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
United Kingdom (continued)
Cobham PLC (B) 2,872,093 $ 4,949,213
HSBC Holdings PLC 1,420,779 13,342,098
Johnson Matthey PLC 263,235 11,229,899
Kingfisher PLC 2,923,059 11,991,239
Rolls-Royce Holdings PLC (B) 600,204 7,338,151
SIG PLC 3,546,531 6,748,584
Standard Chartered PLC 2,068,008 20,726,278
Travis Perkins PLC 327,918 5,685,451
132,340,601
TOTAL COMMON STOCKS (Cost $714,389,372) $ 796,927,549
 
SECURITIES LENDING COLLATERAL – 4.8%
John Hancock Collateral Trust,
       1.8276% (E)(F) 3,992,658 39,933,762
TOTAL SECURITIES LENDING COLLATERAL (Cost
$39,939,349) $ 39,933,762
 
SHORT-TERM INVESTMENTS – 2.3%
U.S. Government Agency – 2.3%
Federal Home Loan Bank Discount Note
       1.400%, 04/02/2018 * $ 18,600,000 18,600,000
TOTAL SHORT-TERM INVESTMENTS (Cost $18,599,277) $ 18,600,000
Total Investments (International Value Trust)
       (Cost $772,927,998) – 103.4% $ 855,461,311
Other assets and liabilities, net – (3.4%) (28,327,370 )
TOTAL NET ASSETS – 100.0% $ 827,133,941

Security Abbreviations and Legend

ADR         American Depositary Receipt
NVDR Non-Voting Depositary Receipt
(A) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $34,414,470.
(B) Non-income producing security.
(C) 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.
(D) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(E) The rate shown is the annualized seven-day yield as of 3-31-18.
(F) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.
* 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.

Investment Quality Bond Trust

      Shares or      
Principal
Amount Value
U.S. GOVERNMENT AND AGENCY
OBLIGATIONS – 60.8%
U.S. Government – 23.5%
U.S. Treasury Bonds
       2.500%, 02/15/2045 to 02/15/2046 $ 1,852,000 $ 1,685,429
       3.000%, 11/15/2044 to 02/15/2047 4,140,000 4,154,216
       3.625%, 08/15/2043 680,000 759,762
       3.750%, 11/15/2043 699,000 796,853
       4.375%, 11/15/2039 2,205,000 2,725,722
       4.500%, 02/15/2036 1,542,000 1,902,815
       5.375%, 02/15/2031 3,000 3,838
U.S. Treasury Inflation
Protected Securities
       0.250%, 01/15/2025 7,058,407 6,897,420
       0.375%, 07/15/2027 7,334,844 7,148,110
       1.000%, 02/15/2048 236,082 241,583
U.S. Treasury Notes
       1.250%, 06/30/2019 5,305,000 5,243,553
       1.375%, 04/30/2021 258,000 250,042
       1.625%, 06/30/2020 to 04/30/2023 11,990,000 11,675,804
       1.875%, 06/30/2020 to 02/28/2022 9,027,000 8,892,878
       2.000%, 06/30/2024 (A) 2,060,000 1,981,329
       2.750%, 02/15/2024 66,000 66,392
       3.125%, 05/15/2021 7,350,000 7,501,352
61,927,098
U.S. Government Agency – 37.3%
Federal Home Loan Mortgage Corp.
       3.000%, TBA (B) 1,300,000 1,297,679
       3.500%, TBA (B) 8,600,000 8,620,862
       4.000%, TBA (B) 8,900,000 9,133,991
       4.500%, TBA (B) 2,200,000 2,303,201
       5.000%, 12/01/2034 201,681 217,325
       6.500%, 04/01/2029 to 08/01/2034 13,084 14,786
       7.500%, 12/01/2025 to 05/01/2028 5,950 6,601
Federal National Mortgage Association
       2.500%, 07/01/2030 to 04/01/2045 1,744,234 1,653,200
       2.660%, 03/01/2027 815,000 781,340
       2.720%, 03/01/2027 766,856 741,526
       2.780%, 03/01/2027 349,000 338,922
       2.880%, 11/01/2027 1,045,111 1,012,439
       2.970%, 06/01/2027 to 06/01/2030 1,273,131 1,233,954
       3.000%, 07/01/2027 735,000 717,112
       3.160%, 08/01/2027 985,000 972,472
       3.500%, TBA (B) 35,700,000 35,782,417
       3.500%, 06/01/2046 4,555,491 4,578,463
       4.000%, TBA (B) 3,800,000 3,899,164
       4.500%, TBA (B) 3,100,000 3,246,025
       5.000%, TBA (B) 1,800,000 1,922,439
Government National
       Mortgage Association
       3.000%, TBA (B) 4,300,000 4,231,185
       3.500%, TBA (B) 9,100,000 9,189,100
       4.000%, TBA (B) 3,600,000 3,700,910
       4.000%, 11/15/2040 to 02/15/2042 81,673 84,880
       4.500%, TBA (B) 2,300,000 2,390,299
       6.000%, 08/15/2032 to 04/15/2035 71,432 80,493
       6.500%, 06/15/2028 to 02/15/2035 36,107 40,548
       7.000%, 11/15/2031 to 11/15/2033 209,121 236,941
       8.000%, 07/15/2030 2,481 2,917
98,431,191
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS
(Cost $162,207,156) $ 160,358,289
 
FOREIGN GOVERNMENT OBLIGATIONS – 1.2%
Argentina – 0.1%
Republic of Argentina
       5.250%, 01/15/2028 EUR 135,000 161,992
Colombia – 0.0%
Republic of Colombia
       6.125%, 01/18/2041 $ 125,000 144,063
Italy – 0.2%
Republic of Italy
       0.250%, 05/15/2018 EUR 160,000 197,034

157



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

      Shares or      
Principal
Amount Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Italy (continued)
Republic of Italy (6 month EURIBOR +
       1.000%)
       0.726%, 04/15/2018 (C) EUR 180,000 $ 221,579
418,613
Mexico – 0.1%
Government of Mexico
       5.750%, 10/12/2099 $ 274,000 278,795
Oman – 0.1%
Sultanate of Oman
       5.625%, 01/17/2028 (D) 200,000 195,000
       6.750%, 01/17/2048 (D) 200,000 191,914
386,914
Saudi Arabia – 0.3%
Kingdom of Saudi Arabia
       4.625%, 10/04/2047 (D) 825,000 786,844
Spain – 0.1%
Kingdom of Spain
       0.250%, 04/30/2018 EUR 165,000 203,142
United Arab Emirates – 0.3%
Abu Dhabi Government
       4.125%, 10/11/2047 (D) $ 800,000 748,483
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost
$3,215,214) $ 3,128,846
 
CORPORATE BONDS – 30.1%
Consumer discretionary – 2.9%
21st Century Fox America, Inc.
       3.375%, 11/15/2026 (E) 35,000 34,560
       7.750%, 01/20/2024 272,000 320,881
       7.850%, 03/01/2039 105,000 152,050
Amazon.com, Inc.
       2.800%, 08/22/2024 (D) 80,000 77,332
       3.875%, 08/22/2037 (D) 325,000 322,630
BMW US Capital LLC (Greater of 3
       month EURIBOR + 0.200% or
       0.000%) 0.000%, 04/20/2018 (C) EUR 55,000 67,682
Charter Communications Operating LLC
       3.579%, 07/23/2020 $ 165,000 165,443
       4.464%, 07/23/2022 295,000 301,452
       4.908%, 07/23/2025 215,000 219,596
       6.484%, 10/23/2045 370,000 405,545
Comcast Cable Communications LLC
       8.500%, 05/01/2027 206,000 274,683
Comcast Corp.
       3.400%, 07/15/2046 110,000 94,332
Cox Communications, Inc.
       3.150%, 08/15/2024 (D) 395,000 378,646
       3.850%, 02/01/2025 (D) 10,000 10,005
       4.800%, 02/01/2035 (D) 85,000 83,306
Discovery Communications LLC
       3.800%, 03/13/2024 190,000 187,674
       4.900%, 03/11/2026 100,000 103,597
DISH DBS Corp.
       6.750%, 06/01/2021 66,000 66,660
Ford Motor Company
       5.291%, 12/08/2046 160,000 156,212
General Motors Company
       5.400%, 04/01/2048 (E) 250,000 249,323
       6.250%, 10/02/2043 140,000 153,536
       6.750%, 04/01/2046 180,000 208,652
General Motors Financial Company, Inc.
       3.950%, 04/13/2024 130,000 128,844
Lennar Corp.
       4.750%, 11/29/2027 (D) 25,000 23,938
Liberty Interactive LLC
       8.250%, 02/01/2030 75,000 80,672
Lowe’s Companies, Inc.
       3.700%, 04/15/2046 40,000 37,122
McDonald’s Corp.
       3.350%, 04/01/2023 205,000 206,064
PulteGroup, Inc.
       5.500%, 03/01/2026 20,000 20,610
Scripps Networks Interactive, Inc.
       3.950%, 06/15/2025 117,000 116,251
The Home Depot, Inc.
       3.500%, 09/15/2056 120,000 106,918
Time Warner Cable LLC
       4.500%, 09/15/2042 415,000 358,877
       5.875%, 11/15/2040 195,000 203,382
       6.750%, 07/01/2018 250,000 252,352
       8.750%, 02/14/2019 80,000 83,767
Time Warner, Inc.
       2.950%, 07/15/2026 280,000 256,274
       3.800%, 02/15/2027 370,000 357,495
       3.875%, 01/15/2026 70,000 68,534
       4.875%, 03/15/2020 415,000 429,050
Toll Brothers Finance Corp.
       4.875%, 11/15/2025 50,000 49,375
Viacom, Inc.
       4.250%, 09/01/2023 640,000 649,299
       4.375%, 03/15/2043 104,000 93,046
Videotron, Ltd.
       5.375%, 06/15/2024 (D) 40,000 41,300
VOC Escrow, Ltd.
       5.000%, 02/15/2028 (D) 10,000 9,500
VW Credit Canada, Inc.
       1.600%, 04/04/2018 CAD 130,000 100,906
WMG Acquisition Corp.
       4.875%, 11/01/2024 (D) $ 65,000 64,513
       5.000%, 08/01/2023 (D) 10,000 10,013
7,781,899
Consumer staples – 3.6%
Altria Group, Inc.
       2.850%, 08/09/2022 600,000 587,294
       3.875%, 09/16/2046 105,000 97,820
Anheuser-Busch InBev Finance, Inc.
       3.300%, 02/01/2023 310,000 310,068
       4.700%, 02/01/2036 50,000 52,833
Anheuser-Busch InBev Worldwide, Inc.
       3.500%, 01/12/2024 165,000 166,093
       3.750%, 07/15/2042 225,000 206,137
       4.750%, 04/15/2058 375,000 383,315
BAT Capital Corp.
       2.297%, 08/14/2020 (D) 1,650,000 1,617,521
       4.390%, 08/15/2037 (D) 225,000 223,240
BAT International Finance PLC
       2.750%, 06/15/2020 (D) 240,000 237,920
Constellation Brands, Inc.
       2.650%, 11/07/2022 265,000 255,993
       2.700%, 05/09/2022 40,000 38,792
       3.600%, 02/15/2028 175,000 168,721
       4.500%, 05/09/2047 25,000 24,757
CVS Health Corp.
       2.800%, 07/20/2020 2,047,000 2,034,010
       3.125%, 03/09/2020 815,000 816,586
       3.875%, 07/20/2025 179,000 177,348
       4.100%, 03/25/2025 435,000 437,705
       5.050%, 03/25/2048 185,000 194,187
       5.125%, 07/20/2045 170,000 181,235

158



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

      Shares or      
Principal
Amount Value
CORPORATE BONDS (continued)
Consumer staples (continued)
Imperial Brands Finance PLC
       2.050%, 07/20/2018 (D) $ 220,000 $ 219,542
       2.950%, 07/21/2020 (D) 300,000 297,811
Kraft Heinz Foods Company
       4.375%, 06/01/2046 115,000 104,778
Reynolds American, Inc.
       3.250%, 06/12/2020 270,000 269,992
       4.000%, 06/12/2022 40,000 40,680
Sysco Corp.
       2.500%, 07/15/2021 245,000 240,407
9,384,785
Energy – 2.8%
Anadarko Petroleum Corp.
       3.450%, 07/15/2024 285,000 276,571
       6.950%, 06/15/2019 40,000 41,831
Andeavor
       3.800%, 04/01/2028 115,000 109,624
Andeavor Logistics LP
       3.500%, 12/01/2022 25,000 24,560
       4.250%, 12/01/2027 220,000 214,327
       6.250%, 10/15/2022 15,000 15,732
Canadian Natural Resources, Ltd.
       3.850%, 06/01/2027 380,000 371,346
Continental Resources, Inc.
       4.375%, 01/15/2028 (D) 370,000 360,750
       4.500%, 04/15/2023 15,000 15,169
       5.000%, 09/15/2022 45,000 45,619
DCP Midstream Operating LP
       4.950%, 04/01/2022 20,000 20,100
       5.600%, 04/01/2044 30,000 30,338
Enbridge, Inc.
       3.700%, 07/15/2027 110,000 105,372
Encana Corp.
       3.900%, 11/15/2021 155,000 156,974
Hess Corp.
       4.300%, 04/01/2027 280,000 273,867
       6.000%, 01/15/2040 15,000 15,815
Kerr-McGee Corp.
       6.950%, 07/01/2024 240,000 277,101
Kinder Morgan, Inc.
       5.550%, 06/01/2045 145,000 152,252
Marathon Oil Corp.
       2.700%, 06/01/2020 75,000 73,881
       4.400%, 07/15/2027 105,000 106,543
MPLX LP
       4.000%, 03/15/2028 100,000 98,533
       4.125%, 03/01/2027 190,000 188,664
       4.700%, 04/15/2048 60,000 58,728
       5.200%, 03/01/2047 40,000 41,730
Petrobras Global Finance BV
       5.625%, 05/20/2043 560,000 488,600
       6.750%, 01/27/2041 140,000 136,500
Petroleos Mexicanos
       5.350%, 02/12/2028 (D) 110,000 107,800
       6.350%, 02/12/2048 (D) 130,000 125,613
       6.500%, 03/13/2027 55,000 58,740
       6.750%, 09/21/2047 622,000 629,389
Phillips 66
       3.900%, 03/15/2028 250,000 248,916
QEP Resources, Inc.
       5.375%, 10/01/2022 40,000 39,950
Sabine Pass Liquefaction LLC
       4.200%, 03/15/2028 100,000 98,414
Shell International Finance BV
       4.375%, 05/11/2045 210,000 222,769
SM Energy Company
       6.125%, 11/15/2022 35,000 35,000
Sunoco Logistics Partners Operations LP
       4.250%, 04/01/2024 160,000 159,030
       5.400%, 10/01/2047 455,000 432,776
Texas Eastern Transmission LP
       2.800%, 10/15/2022 (D) 235,000 225,618
       3.500%, 01/15/2028 (D) 55,000 52,477
The Williams Companies, Inc.
       3.700%, 01/15/2023 30,000 29,175
       4.550%, 06/24/2024 5,000 5,035
       7.875%, 09/01/2021 10,000 11,238
Tullow Oil PLC
       7.000%, 03/01/2025 (D) 200,000 200,000
Valero Energy Corp.
       3.400%, 09/15/2026 225,000 215,746
Valero Energy Partners LP
       4.500%, 03/15/2028 245,000 246,269
Western Gas Partners LP
       4.500%, 03/01/2028 190,000 190,255
Williams Partners LP
       4.300%, 03/04/2024 60,000 60,796
WPX Energy, Inc.
       5.250%, 09/15/2024 45,000 44,325
YPF SA
       16.500%, 05/09/2022 (D) ARS 6,797,946 318,848
7,458,706
Financials – 10.9%
American Express Company
       3.400%, 02/27/2023 $ 275,000 274,381
American International Group, Inc.
       3.375%, 08/15/2020 597,000 599,527
       4.700%, 07/10/2035 155,000 159,919
Assurant, Inc. (3 month LIBOR +
       1.250%) 3.543%, 03/26/2021 (C) 1,720,000 1,721,924
Banco Bilbao Vizcaya Argentaria SA
       (6.125% to 11-16-27, then 5 Year
       U.S. Swap Rate + 3.870%)
       11/16/2027 (E)(F) 200,000 193,900
Banco Bilbao Vizcaya Argentaria SA
       (8.875% to 4-14-21, then 5 Year Euro
       Swap Rate + 9.177%) 04/14/2021 (F) EUR 200,000 291,174
Banco de Sabadell SA (6.500% to
       5-18-22, then 5 Year Euro Swap Rate
       + 6.414%) 05/18/2022 (F) 200,000 260,459
Banco Santander SA
       3.800%, 02/23/2028 $ 400,000 385,622
Bank of America Corp.
       2.250%, 04/21/2020 1,005,000 988,873
       2.503%, 10/21/2022 105,000 100,846
       4.183%, 11/25/2027 25,000 24,767
       4.200%, 08/26/2024 160,000 162,210
       7.750%, 05/14/2038 400,000 554,966
Bank of America Corp. (3.124% to
       1-20-22, then 3 month LIBOR +
       1.160%) 01/20/2023 110,000 108,870
Bank of America Corp. (3.366% to
       1-23-25, then 3 month LIBOR +
       0.810%) 01/23/2026 740,000 719,479
Bank of America Corp. (3.705% to
       4-24-27, then 3 month LIBOR +
       1.512%) 04/24/2028 825,000 810,690
Bank of America Corp. (4.443% to
       1-20-47, then 3 month LIBOR +
       1.990%) 01/20/2048 90,000 93,784

159



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

      Shares or      
Principal
Amount Value
CORPORATE BONDS (continued)
Financials (continued)
Barclays Bank PLC
       2.650%, 01/11/2021 $ 230,000 $ 227,112
Berkshire Hathaway Energy Company
       3.250%, 04/15/2028 (D) 135,000 130,191
BNP Paribas SA
       2.950%, 05/23/2022 (D) 200,000 195,978
       3.375%, 01/09/2025 (D) 270,000 261,027
BNP Paribas SA (7.625% to 3-30-21,
       then 5 Year U.S. Swap Rate +
       6.314%) 03/30/2021 (D)(F) 230,000 246,963
BPCE SA
       3.000%, 05/22/2022 (D) 250,000 244,859
Branch Banking & Trust Company
       1.450%, 05/10/2019 250,000 246,387
Cadillac Fairview Finance Trust
       3.640%, 05/09/2018 CAD 70,000 54,453
Caixa Geral de Depositos SA (10.750%
       to 3-30-22, then 5 Year Euro Swap
       Rate + 10.925%) 03/30/2022 (F) EUR 200,000 284,591
Citigroup, Inc.
       2.700%, 10/27/2022 $ 145,000 140,220
       3.200%, 10/21/2026 15,000 14,269
       4.650%, 07/30/2045 106,000 112,742
       4.750%, 05/18/2046 165,000 167,375
       4.450%, 09/29/2027 470,000 475,244
Citigroup, Inc. (3 month LIBOR +
       1.100%) 2.985%, 05/17/2024 (C) 650,000 655,840
Citigroup, Inc. (3.520% to 10-27-27,
       then 3 month LIBOR + 1.151%)
       10/27/2028 125,000 120,579
CNO Financial Group, Inc.
       5.250%, 05/30/2025 80,000 80,600
Credit Agricole SA (4.000% to 1-10-28,
       then 5 Year U.S. Swap Rate +
       1.644%) 01/10/2033 (D) 250,000 237,755
Credit Agricole SA (8.125% to 12-23-25,
       then 5 Year U.S. Swap Rate +
       6.185%) 12/23/2025 (D)(F) 400,000 455,675
Credit Suisse Group AG (6.250% to
       12-18-24, then 5 Year U.S. Swap Rate
       + 3.455%) 12/18/2024 (F) 475,000 487,469
DAE Funding LLC
       4.500%, 08/01/2022 (D) 5,000 4,744
       5.000%, 08/01/2024 (D) 5,000 4,731
Daimler Finance North America LLC
       3.000%, 02/22/2021 (D) 270,000 268,418
Deutsche Bank AG
       2.700%, 07/13/2020 265,000 259,351
       3.300%, 11/16/2022 200,000 194,348
Genworth Holdings, Inc.
       4.900%, 08/15/2023 50,000 41,000
GTP Acquisition Partners I LLC
       3.482%, 06/15/2025 (D) 730,000 706,801
HSBC Holdings PLC
       2.950%, 05/25/2021 200,000 197,962
       3.600%, 05/25/2023 400,000 399,628
HSBC Holdings PLC (3.262% to
       3-13-22, then 3 month LIBOR +
       1.055%) 03/13/2023 240,000 236,813
HSBC Holdings PLC (6.000% to
       5-22-27, then 5 Year U.S. ISDAFIX +
       3.746%) 05/22/2027 (F) 225,000 223,313
Intesa Sanpaolo SpA
       3.375%, 01/12/2023 (D) 200,000 195,182
       3.875%, 01/12/2028 (D) 200,000 188,503
JPMorgan Chase & Co.
       2.400%, 06/07/2021 590,000 576,241
       2.700%, 05/18/2023 480,000 462,923
       2.750%, 06/23/2020 20,000 19,886
JPMorgan Chase & Co. (3.220% to
       3-1-24, then 3 month LIBOR +
       1.155%) 03/01/2025 295,000 287,445
JPMorgan Chase & Co. (3.509% to
       1-23-28, then 3 month LIBOR +
       0.945%) 01/23/2029 285,000 276,452
Massachusetts Mutual Life Insurance
       Company
       8.875%, 06/01/2039 (D) 41,000 64,349
MGIC Investment Corp.
       5.750%, 08/15/2023 30,000 31,425
Morgan Stanley
       2.500%, 04/21/2021 625,000 612,285
       3.125%, 07/27/2026 55,000 52,015
       3.625%, 01/20/2027 275,000 268,998
       3.950%, 04/23/2027 165,000 160,551
       4.000%, 07/23/2025 118,000 118,971
       4.350%, 09/08/2026 70,000 70,456
       6.625%, 04/01/2018 500,000 500,000
Morgan Stanley (3 month LIBOR +
       0.740%) 2.484%, 07/23/2019 (C) 50,000 50,218
Morgan Stanley (3 month LIBOR +
       0.850%) 2.591%, 01/24/2019 (C) 95,000 95,402
Morgan Stanley (3.591% to 7-22-27,
       then 3 month LIBOR + 1.340%)
       07/22/2028 660,000 637,956
Navient Corp.
       7.250%, 01/25/2022 to 09/25/2023 85,000 89,388
Principal Life Global Funding II
       2.200%, 04/08/2020 (D) 280,000 275,739
RCI Banque SA
       3.250%, 04/25/2018 GBP 50,000 70,229
Royal Bank of Canada
       2.150%, 10/26/2020 $ 565,000 552,620
Santander Holdings USA, Inc.
       3.700%, 03/28/2022 395,000 395,723
Societe Generale SA (7.375% to 9-13-21,
       then 5 Year U.S. Swap Rate +
       6.238%) 09/13/2021 (D)(F) 375,000 398,906
Standard Chartered Bank
       7.750%, 04/03/2018 GBP 100,000 140,300
Starwood Property Trust, Inc.
       4.750%, 03/15/2025 (D) $ 25,000 24,375
The Goldman Sachs Group, Inc.
       2.000%, 04/25/2019 100,000 99,112
       2.350%, 11/15/2021 315,000 303,669
       2.600%, 04/23/2020 100,000 99,058
       2.750%, 09/15/2020 661,000 654,180
       2.875%, 02/25/2021 320,000 316,673
       5.150%, 05/22/2045 55,000 59,238
       6.250%, 02/01/2041 160,000 202,583
       6.750%, 10/01/2037 435,000 544,220
The Goldman Sachs Group, Inc. (2.876%
       to 10-31-21, then 3 month LIBOR +
       0.821%) 10/31/2022 200,000 195,736
The Goldman Sachs Group, Inc. (2.905%
       to 7-24-22, then 3 month LIBOR +
       0.990%) 07/24/2023 215,000 209,029
The Goldman Sachs Group, Inc. (3.691%
       to 6-5-27, then 3 month LIBOR +
       1.510%) 06/05/2028 170,000 164,700

160



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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. (3.814%
       to 4-23-28, then 3 month LIBOR +
       1.158%) 04/23/2029 $ 365,000 $ 358,424
UBS AG
       2.450%, 12/01/2020 (D) 410,000 402,558
UBS Group AG (6.875% to 3-22-21,
       then 5 Year U.S. ISDAFIX + 5.497%)
       03/22/2021 (F) 500,000 524,000
UBS Group Funding Switzerland AG
       2.650%, 02/01/2022 (D) 380,000 368,334
UniCredit SpA (5.375% to 6-3-25, then 5
       Year Euro Swap Rate + 4.925%)
       06/03/2025 (F) EUR 200,000 245,782
Volkswagen Financial Services Australia
       Pty, Ltd.
       4.250%, 04/04/2018 AUD 40,000 30,722
Vrio Finco 1 LLC
       6.250%, 04/04/2023 (D) $ 240,000 242,400
Wells Fargo & Company
       2.625%, 07/22/2022 175,000 169,236
       3.000%, 04/22/2026 to 10/23/2026 310,000 290,536
       3.069%, 01/24/2023 605,000 594,740
       4.400%, 06/14/2046 245,000 237,375
       4.900%, 11/17/2045 320,000 334,897
       5.606%, 01/15/2044 15,000 17,171
Wells Fargo & Company (3.584% to
       5-22-27, then 3 month LIBOR +
       1.310%) 05/22/2028 490,000 477,810
Willis North America, Inc.
       3.600%, 05/15/2024 115,000 113,077
28,699,627
Health care – 2.1%
Aetna, Inc.
       2.800%, 06/15/2023 90,000 86,444
Allergan Funding SCS
       3.450%, 03/15/2022 235,000 232,925
Amgen, Inc.
       2.650%, 05/11/2022 190,000 185,385
Anthem, Inc.
       3.500%, 08/15/2024 165,000 161,729
       3.650%, 12/01/2027 270,000 260,853
       4.625%, 05/15/2042 170,000 171,956
Baxalta, Inc.
       3.600%, 06/23/2022 35,000 34,882
Becton, Dickinson and Company
       3.363%, 06/06/2024 490,000 471,425
       3.700%, 06/06/2027 295,000 284,624
Boston Scientific Corp.
       4.000%, 03/01/2028 270,000 269,749
Cardinal Health, Inc.
       1.950%, 06/15/2018 145,000 144,832
       2.616%, 06/15/2022 540,000 521,859
Celgene Corp.
       4.625%, 05/15/2044 110,000 109,516
Community Health Systems, Inc.
       5.125%, 08/01/2021 5,000 4,650
       6.250%, 03/31/2023 50,000 46,063
Dignity Health
       2.637%, 11/01/2019 1,030,000 1,025,513
Gilead Sciences, Inc.
       3.250%, 09/01/2022 105,000 105,068
LifePoint Health, Inc.
       5.875%, 12/01/2023 45,000 45,437
Mylan NV
       3.000%, 12/15/2018 85,000 84,998
       3.150%, 06/15/2021 160,000 157,867
       3.750%, 12/15/2020 170,000 171,133
Mylan, Inc.
       5.200%, 04/15/2048 (D) 65,000 65,530
Quintiles IMS, Inc.
       4.875%, 05/15/2023 (D) 70,000 71,313
Shire Acquisitions Investments Ireland
       DAC
       2.400%, 09/23/2021 290,000 279,944
Thermo Fisher Scientific, Inc.
       2.950%, 09/19/2026 20,000 18,658
       3.000%, 04/15/2023 80,000 78,064
UnitedHealth Group, Inc.
       3.750%, 07/15/2025 165,000 167,038
       4.250%, 04/15/2047 40,000 40,819
       4.750%, 07/15/2045 60,000 66,043
Valeant Pharmaceuticals
       International, Inc.
       6.500%, 03/15/2022 (D) 35,000 36,138
       7.000%, 03/15/2024 (D) 10,000 10,425
5,410,880
Industrials – 1.0%
Canadian Pacific Railway Company
       9.450%, 08/01/2021 70,000 83,230
CSX Corp.
       3.250%, 06/01/2027 335,000 319,987
Delta Air Lines, Inc.
       3.625%, 03/15/2022 185,000 184,721
FedEx Corp.
       4.050%, 02/15/2048 300,000 281,146
       4.550%, 04/01/2046 150,000 151,046
Fortive Corp.
       2.350%, 06/15/2021 160,000 155,521
Ingersoll-Rand Global Holding
       Company, Ltd.
       2.900%, 02/21/2021 145,000 144,609
Lockheed Martin Corp.
       4.090%, 09/15/2052 421,000 409,089
Mexico City Airport Trust
       3.875%, 04/30/2028 (D) 200,000 184,048
Norfolk Southern Corp.
       2.900%, 06/15/2026 195,000 185,473
Oshkosh Corp.
       5.375%, 03/01/2025 35,000 36,050
Pitney Bowes, Inc.
       4.700%, 04/01/2023 320,000 300,800
Sensata Technologies BV
       5.000%, 10/01/2025 (D) 75,000 73,875
United Rentals North America, Inc.
       5.500%, 07/15/2025 to 05/15/2027 110,000 111,557
2,621,152
Information technology – 1.6%
Alibaba Group Holding, Ltd.
       3.400%, 12/06/2027 235,000 222,881
       4.200%, 12/06/2047 400,000 383,017
Apple, Inc.
       3.350%, 02/09/2027 105,000 103,662
       3.450%, 02/09/2045 190,000 174,999
       3.850%, 08/04/2046 60,000 58,599
Broadcom Corp.
       2.375%, 01/15/2020 510,000 502,832
       3.000%, 01/15/2022 255,000 250,150
       3.125%, 01/15/2025 75,000 70,860

161



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

Shares or
Principal
Amount       Value
CORPORATE BONDS (continued)
Information technology (continued)
Broadcom Corp. (continued)
       3.625%, 01/15/2024 $ 385,000 $ 378,586
Cardtronics, Inc.
       5.125%, 08/01/2022 60,000 58,484
First Data Corp.
       5.000%, 01/15/2024 (D) 55,000 55,000
Hewlett Packard Enterprise Company
       4.900%, 10/15/2025 110,000 114,147
       6.350%, 10/15/2045 120,000 128,019
Intel Corp.
       4.100%, 05/19/2046 130,000 133,066
Microsoft Corp.
       3.700%, 08/08/2046 155,000 152,639
       3.950%, 08/08/2056 240,000 238,032
Nokia OYJ
       4.375%, 06/12/2027 220,000 206,525
       6.625%, 05/15/2039 40,000 42,700
Oracle Corp.
       4.000%, 11/15/2047 110,000 108,577
Tencent Holdings, Ltd.
       2.985%, 01/19/2023 (D) 295,000 287,393
       3.595%, 01/19/2028 (D) 200,000 191,421
Versum Materials, Inc.
       5.500%, 09/30/2024 (D) 20,000 20,700
Western Digital Corp.
       4.750%, 02/15/2026 435,000 434,043
  4,316,332
Materials – 0.8%
Anglo American Capital PLC
       3.625%, 05/14/2020 (D)(E) 200,000 200,662
       4.125%, 09/27/2022 (D) 400,000 404,774
ArcelorMittal
       6.125%, 06/01/2025 60,000 65,250
Commercial Metals Company
       5.375%, 07/15/2027 20,000 19,700
Corp. Nacional del Cobre de Chile
       3.625%, 08/01/2027 (D) 200,000 194,258
FMG Resources August 2006 Pty, Ltd.
       5.125%, 05/15/2024 (D)(E) 20,000 19,725
Kaiser Aluminum Corp.
       5.875%, 05/15/2024 65,000 67,275
LyondellBasell Industries NV
       4.625%, 02/26/2055 120,000 116,938
Methanex Corp.
       4.250%, 12/01/2024 170,000 167,823
       5.650%, 12/01/2044 80,000 79,822
Olin Corp.
       5.125%, 09/15/2027 45,000 44,381
Standard Industries, Inc.
       5.375%, 11/15/2024 (D) 85,000 86,063
Steel Dynamics, Inc.
       4.125%, 09/15/2025 90,000 85,725
       5.500%, 10/01/2024 20,000 20,624
The Chemours Company
       5.375%, 05/15/2027 45,000 45,113
The Sherwin-Williams Company
       3.125%, 06/01/2024 95,000 91,814
Vale Overseas, Ltd.
       6.250%, 08/10/2026 430,000 481,729
       6.875%, 11/10/2039 45,000 53,325
  2,245,001
Real estate – 0.1%
Crown Castle International Corp.
       3.150%, 07/15/2023 170,000 164,767
       3.200%, 09/01/2024 70,000 67,086
  231,853
Telecommunication services – 2.6%
AT&T, Inc.
       4.100%, 02/15/2028 (D) 140,000 138,912
       4.125%, 02/17/2026 255,000 255,473
       4.250%, 03/01/2027 80,000 80,820
       4.300%, 02/15/2030 (D) 390,000 388,065
       4.750%, 05/15/2046 360,000 349,058
       5.150%, 02/14/2050 685,000 690,702
SBA Tower Trust
       2.898%, 10/15/2044 (D) 505,000 502,467
       3.168%, 04/09/2047 (D) 530,000 522,578
       3.448%, 03/15/2023 (D) 435,000 435,324
Sprint Corp.
       7.125%, 06/15/2024 85,000 82,875
Sprint Spectrum Company LLC
       5.152%, 03/20/2028 (D) 650,000 653,250
Telecom Italia Capital SA
       6.000%, 09/30/2034 15,000 15,558
       7.721%, 06/04/2038 25,000 30,568
Telecom Italia SpA
       5.303%, 05/30/2024 (D) 500,000 508,750
Telefonica Emisiones SAU
       5.877%, 07/15/2019 365,000 378,532
       7.045%, 06/20/2036 170,000 215,396
Verizon Communications, Inc.
       4.272%, 01/15/2036 330,000 315,469
       4.400%, 11/01/2034 225,000 221,924
       4.522%, 09/15/2048 190,000 182,744
       4.672%, 03/15/2055 138,000 131,156
       4.812%, 03/15/2039 120,000 122,575
       4.862%, 08/21/2046 190,000 191,417
       5.012%, 08/21/2054 135,000 134,044
       5.250%, 03/16/2037 220,000 236,859
  6,784,516
Utilities – 1.7%
Acwa Power Management And
       Investments One, Ltd.
       5.950%, 12/15/2039 (D) 459,000 472,853
AmeriGas Partners LP
       5.625%, 05/20/2024 20,000 19,875
       5.875%, 08/20/2026 40,000 39,100
DTE Energy Company
       1.500%, 10/01/2019 170,000 166,104
Duke Energy Corp.
       3.750%, 09/01/2046 100,000 90,494
Duke Energy Florida LLC
       3.400%, 10/01/2046 305,000 276,756
Duke Energy Progress LLC
       4.375%, 03/30/2044 70,000 75,201
Emera US Finance LP
       4.750%, 06/15/2046 10,000 10,019
Exelon Corp.
       2.450%, 04/15/2021 50,000 48,858
       2.850%, 06/15/2020 280,000 277,452
FirstEnergy Corp.
       4.250%, 03/15/2023 70,000 71,661
Fortis, Inc.
       2.100%, 10/04/2021 75,000 71,681
Georgia Power Company
       2.000%, 09/08/2020 715,000 698,644

162



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

Shares or
Principal
Amount       Value
CORPORATE BONDS (continued)
Utilities (continued)
IPALCO Enterprises, Inc.
       3.700%, 09/01/2024 $ 175,000 $ 171,265
Oncor Electric Delivery Company LLC
       7.000%, 09/01/2022 70,000 80,810
Pacific Gas & Electric Company
       6.050%, 03/01/2034 320,000 380,971
Progress Energy, Inc.
       7.000%, 10/30/2031 145,000 188,391
Sempra Energy
       2.400%, 02/01/2020 185,000 183,006
South Carolina Electric & Gas Company
       4.500%, 06/01/2064 250,000 240,793
The AES Corp.
       4.000%, 03/15/2021 325,000 326,219
       4.500%, 03/15/2023 15,000 15,273
       5.125%, 09/01/2027 5,000 5,088
The Southern Company
       1.850%, 07/01/2019 135,000 133,176
       2.750%, 06/15/2020 300,000 297,420
       2.950%, 07/01/2023 70,000 67,976
  4,409,086
TOTAL CORPORATE BONDS (Cost
$79,655,943) $ 79,343,837
 
MUNICIPAL BONDS – 1.4%
Chicago Board of Education (Illinois)
       5.482%, 12/01/2024 190,000 184,978
       6.138%, 12/01/2039 85,000 79,738
Chicago Transit Authority, Series A
       (Illinois)
       6.899%, 12/01/2040 40,000 52,780
Chicago Transit Authority, Series B
       (Illinois)
       6.899%, 12/01/2040 395,000 521,199
City of Chicago (Illinois)
       7.045%, 01/01/2029 320,000 345,059
       7.375%, 01/01/2033 275,000 304,824
Municipal Electric Authority of Georgia
       6.637%, 04/01/2057 35,000 43,477
Puerto Rico Commonwealth Government
       Employees Retirement System,
       Series A
       6.150%, 07/01/2038 (G) 475,000 172,188
Puerto Rico Commonwealth Government
       Employees Retirement System,
       Series C
       6.300%, 07/01/2043 (G) 600,000 217,500
State of California
       7.350%, 11/01/2039 420,000 613,994
       7.550%, 04/01/2039 200,000 304,536
       7.600%, 11/01/2040 205,000 317,123
State of Illinois, GO
       5.375%, 07/01/2018 255,000 256,285
       5.877%, 03/01/2019 340,000 347,361
TOTAL MUNICIPAL BONDS (Cost $3,923,576)   $ 3,761,042
    
TERM LOANS (H) – 1.7%
Consumer discretionary – 0.5%
Acosta, Inc. (1 month LIBOR + 3.250%)
       5.127%, 09/26/2021 96,764 80,863
Bass Pro Group LLC (1 month LIBOR +
       5.000%) 6.877%, 09/25/2024 99,500 98,505
Boyd Gaming Corp. (1 week LIBOR +
       2.500%) 4.236%, 09/15/2023 105,693 106,174
Caesars Resort Collection LLC (1 month
       LIBOR + 2.750%) 4.627%,
       12/22/2024 111,012 111,718
CSC Holdings LLC (1 month LIBOR +
       2.500%) 4.277%, 01/25/2026 100,000 99,969
Delta 2 Lux Sarl (1 month LIBOR +
       2.500%) 4.377%, 02/01/2024 131,829 131,499
Golden Entertainment, Inc. (1 month
       LIBOR + 3.000%) 4.880%,
       10/20/2024 125,000 125,548
ION Media Networks, Inc. (2 month
       LIBOR + 2.750%) 4.540%,
       12/18/2020 220,753 221,029
Staples, Inc. (3 month LIBOR + 4.000%)
       5.787%, 09/12/2024 129,675 128,346
Town Sports International LLC (1 month
       LIBOR + 3.500%) 5.377%,
       11/15/2020 101,962 100,713
Univision Communications, Inc. (1
       month LIBOR + 2.750%) 4.627%,
       03/15/2024 103,232 101,469
  1,305,833
Consumer staples – 0.2%
Albertson’s LLC (1 month LIBOR +
       2.750%) 4.627%, 08/25/2021 163,051 160,958
Brightview Landscapes LLC (1 month
       LIBOR + 3.000%) 4.846%,
       12/18/2020 230,426 231,603
Galleria Company (1 month LIBOR +
       3.000%) 4.688%, 09/29/2023 69,650 69,650
Post Holdings, Inc. (1 month LIBOR +
       2.000%) 3.880%, 05/24/2024 59,550 59,639
Reynolds Group Holdings, Inc. (1 month
       LIBOR + 2.750%) 4.627%,
       02/05/2023 117,832 118,379
640,229
Energy – 0.1%
California Resources Corp. (1 month
       LIBOR + 10.375%) 12.229%,
       12/31/2021 110,000 124,128
Chesapeake Energy Corp. (3 month
       LIBOR + 7.500%) 9.444%,
       08/23/2021 100,000 106,089
Foresight Energy LLC (1 month LIBOR
       + 5.750%) 7.627%, 03/28/2022 133,650 131,283
  361,500
Financials – 0.1%
Asurion LLC (1 month LIBOR +
       2.750%) 4.648%, 11/03/2023 195,473 196,726
Health care – 0.2%
Change Healthcare Holdings LLC (1
       month LIBOR + 2.750%) 4.627%,
       03/01/2024 148,500 148,816
Community Health Systems, Inc. (3
       month LIBOR + 2.750%) 4.734%,
       12/31/2019 24,227 23,601
Endo International PLC (1 month
       LIBOR + 4.250%) 6.188%,
       04/29/2024 148,875 148,440
MPH Acquisition Holdings LLC (3
       month LIBOR + 2.750%) 5.052%,
       06/07/2023 105,548 105,970
Opal Acquisition, Inc. (3 month LIBOR
       + 4.000%) 6.029%, 11/27/2020 100,770 96,235

163



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

Shares or
Principal
Amount       Value
TERM LOANS (H) (continued)
Health care (continued)
US Renal Care, Inc. (3 month LIBOR +
       4.250%) 5.943%, 12/31/2022 $ 101,946 $ 102,286
625,348
Industrials – 0.2%
Brand Industrial Services, Inc. (3 month
       LIBOR + 4.250%) 6.001%,
       06/21/2024 198,500 200,126
Gardner Denver, Inc. (3 month LIBOR +
       2.750%) 5.052%, 07/30/2024 171,425 172,185
RBS Global, Inc. (1 month LIBOR +
       2.250%) 4.111%, 08/21/2024 64,187 64,524
TransDigm, Inc. (1 month LIBOR +
       2.750%) 4.627%, 05/14/2022 99,678 99,910
  536,745
Information technology – 0.2%
Conduent Business Services LLC (1
       month LIBOR + 3.000%) 4.877%,
       12/07/2023 128,375 128,963
First Data Corp. (1 month LIBOR +
       2.250%) 4.122%, 07/08/2022 178,657 178,899
WEX, Inc. (1 month LIBOR + 2.250%)
       4.127%, 06/30/2023 146,753 147,629
  455,491
Materials – 0.1%
Berry Global, Inc. (1 month LIBOR +
       2.000%) 3.740%, 01/06/2021 223,197 224,034
Telecommunication services – 0.1%
Sprint Communications, Inc. (1 month
       LIBOR + 2.500%) 4.438%,
       02/02/2024 138,600 138,542
TOTAL TERM LOANS (Cost $4,473,477) $ 4,484,448
 
COLLATERALIZED MORTGAGE
OBLIGATIONS – 13.0%
Commercial and residential – 11.4%
Alternative Loan Trust
       Series 2005-27, Class 2A1 (12 month
              Treasury Average Index + 1.350%),
              2.633%, 08/25/2035 (C) 241,558 212,202
       Series 2005-56, Class 5A1 (1 month
              LIBOR + 0.320%),
              2.192%, 11/25/2035 (C) 108,802 98,050
       Series 2005-72, Class A1 (1 month
              LIBOR + 0.270%),
              2.142%, 01/25/2036 (C) 30,633 29,070
       Series 2005-7CB, Class 2A8 (1 month
              LIBOR + 0.450%),
              2.322%, 04/25/2035 (C) 200,748 180,757
       Series 2006-9T1, Class A1,
              5.750%, 05/25/2036 128,359 101,016
American Home Mortgage Assets Trust
       Series 2006-2, Class 2A1 (1 month
              LIBOR + 0.190%),
              2.062%, 09/25/2046 (C) 40,677 36,369
       Series 2006-3, Class 2A11 (12 month
              Treasury Average Index + 0.940%),
              2.223%, 10/25/2046 (C) 56,122 48,874
       Series 2007-2, Class A1 (1 month
              LIBOR + 0.125%),
              1.996%, 03/25/2047 (C) 32,452 29,566
Angel Oak Mortgage Trust I LLC
       Series 2017-2, Class A1
       2.478%, 07/25/2047 (D)(I) 314,727 309,238
Angel Oak Mortgage Trust LLC
       Series 2017-1, Class A1,
              2.810%, 01/25/2047 (D)(I) 101,301 99,718
       Series 2017-3, Class A1,
              2.708%, 11/25/2047 (D)(I) 274,676 274,662
BANK
       Series 2017-BNK8, Class A4,
              3.488%, 11/15/2050 185,000 184,515
       Series 2017-BNK8, Class XA IO,
              0.753%, 11/15/2050 4,511,282 260,785
       Series 2017-BNK9, Class A4,
              3.538%, 11/15/2054 790,000 788,506
BBCMS Mortgage Trust
       Series 2017-C1, Class XA IO,
              1.521%, 02/15/2050 3,441,083 345,662
       Series 2017-DELC, Class A (1 month
              LIBOR + 0.850%),
              2.627%, 08/15/2036 (C)(D) 949,000 948,105
BBCMS Trust
       Series 2013-TYSN, Class A2
       3.756%, 09/05/2032 (D) 330,000 335,835
BCAP LLC Trust
       Series 2006-AA2, Class A1 (1 month
       LIBOR + 0.170%)
       2.042%, 01/25/2037 (C) 183,579 173,148
Bear Stearns ALT-A Trust
       Series 2005-10, Class 11A1 (1 month
       LIBOR + 0.500%)
       2.372%, 01/25/2036 (C) 235,280 244,743
Bear Stearns Mortgage Funding Trust
       Series 2006-AR3, Class 1A1 (1 month
       LIBOR + 0.180%)
       1.801%, 10/25/2036 (C) 19,362 18,027
Benchmark Mortgage Trust
       Series 2018-B1, Class A5,
              3.669%, 01/15/2051 215,000 216,999
       Series 2018-B1, Class XA IO,
              0.531%, 01/15/2051 1,351,354 55,340
Chase Mortgage Finance Trust
       Series 2005-S3, Class A10
       5.500%, 11/25/2035 245,673 233,780
CHL Mortgage Pass-Through Trust
       Series 2005-2, Class 2A3 (1 month
              LIBOR + 0.680%),
              2.552%, 03/25/2035 (C) 54,705 50,479
       Series 2007-HY4, Class 1A1,
              3.473%, 09/25/2047 (I) 187,627 175,506
CIM Trust
       Series 2017-7, Class A
       3.000%, 04/25/2057 (D)(I) 852,005 845,309
Citigroup Commercial Mortgage Trust
       Series 2014-GC23, Class XA IO,
              1.042%, 07/10/2047 2,346,013 118,597
       Series 2015-GC29, Class AA IO,
              1.113%, 04/10/2048 2,057,889 114,794
COLT Mortgage Loan Trust
       Series 2016-3, Class A1,
              2.800%, 12/26/2046 (D)(I) 158,234 156,900
       Series 2017-1, Class A1,
              2.614%, 05/27/2047 (D)(I) 257,807 255,742
       Series 2018-1, Class A1,
              2.930%, 02/25/2048 (D)(I) 378,218 378,203

164



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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)
Commercial Mortgage Trust (Bank of
       America Merrill Lynch/Deutsche Bank
       AG)
       Series 2013-WWP, Class A2
       3.424%, 03/10/2031 (D) $ 800,000 $ 815,379
Commercial Mortgage Trust (Cantor
       Fitzgerald/Deutsche Bank AG)
       Series 2014-CR16, Class A4,
              4.051%, 04/10/2047 480,000 498,052
       Series 2014-CR17, Class A5,
              3.977%, 05/10/2047 390,000 403,697
       Series 2015-LC19, Class A4,
              3.183%, 02/10/2048 625,105 615,236
Commercial Mortgage Trust (Deutsche
       Bank AG)
       Series 2013-300P, Class A1
       4.353%, 08/10/2030 (D) 260,000 273,180
CSAIL Commercial Mortgage Trust
       Series 2015-C1, Class A4,
              3.505%, 04/15/2050 15,000 15,080
       Series 2015-C2, Class XA IO,
              0.836%, 06/15/2057 5,507,134 236,632
       Series 2015-C4, Class A4,
              3.808%, 11/15/2048 705,000 723,179
       Series 2016-C6, Class XA IO,
              1.807%, 01/15/2049 1,697,697 170,176
CSMC Trust
       Series 2017-FHA1, Class A1
       3.250%, 04/25/2047 (D)(I) 312,050 304,577
Deephaven Residential Mortgage Trust
       Series 2017-1A, Class A1,
              2.725%, 12/26/2046 (D)(I) 147,688 145,663
       Series 2017-2A, Class A1,
              2.453%, 06/25/2047 (D)(I) 242,525 237,213
       Series 2017-3A, Class A1,
              2.577%, 10/25/2047 (D)(I) 309,182 306,823
Deutsche Alt-A Securities Mortgage
       Loan Trust
       Series 2007-AR2, Class A1 (1 month
       LIBOR + 0.150%)
       2.022%, 03/25/2037 (C) 86,480 78,106
FREMF Mortgage Trust
       Series 2010-K8, Class B,
              5.278%, 09/25/2043 (D)(I) 520,000 544,378
       Series 2012-K706, Class B,
              4.030%, 11/25/2044 (D)(I) 380,000 381,136
       Series 2014-K503, Class B,
              3.002%, 10/25/2047 (D)(I) 465,000 463,021
       Series 2017-K64, Class B,
              3.980%, 03/25/2027 (D)(I) 75,000 74,020
       Series 2017-K65, Class B,
              4.073%, 05/25/2027 (D)(I) 280,000 282,555
       Series 2017-K66, Class B,
              4.034%, 07/25/2027 (D)(I) 247,000 248,845
       Series 2017-K67, Class B,
              3.944%, 09/25/2049 (D)(I) 150,000 150,033
       Series 2017-K71, Class B,
              3.753%, 11/25/2050 (D)(I) 155,000 149,762
       Series 2017-K728, Class B,
              3.647%, 09/25/2024 (D)(I) 115,000 112,521
       Series 2017-K729, Class B,
              3.675%, 11/25/2049 (D)(I) 180,000 174,442
       Series 2017-K729, Class C,
              3.675%, 11/25/2049 (D)(I) 165,000 155,180
Galton Funding Mortgage Trust
       Series 2018-1, Class A43
       3.500%, 11/25/2057 (D)(I) 285,199 286,041
General Electric Capital Assurance
       Company
       Series 2003-1, Class A5
       5.743%, 05/12/2035 (D)(I) 164,017 165,741
GMACM Mortgage Loan Trust
       Series 2006-AR1, Class 1A1
       3.901%, 04/19/2036 (I) 230,907 217,461
GS Mortgage Securities Trust
       Series 2012-ALOH, Class A,
              3.551%, 04/10/2034 (D) 670,000 680,772
       Series 2014-GC20, Class A5,
              3.998%, 04/10/2047 395,000 408,350
GSR Mortgage Loan Trust
       Series 2006-AR1, Class 2A1,
              3.703%, 01/25/2036 (I) 10,933 10,822
       Series 2007-1F, Class 4A1 (1 month
              LIBOR + 0.300%),
              2.172%, 01/25/2037 (C) 136,809 76,462
HarborView Mortgage Loan Trust
       Series 2005-8, Class 1A2A (1 month
              LIBOR + 0.330%),
              2.250%, 09/19/2035 (C) 57,542 51,679
       Series 2006-12, Class 2A13 (1 month
              LIBOR + 0.240%),
              2.048%, 12/19/2036 (C) 276,902 256,144
       Series 2007-7, Class 2A1B (1 month
              LIBOR + 1.000%),
              2.621%, 10/25/2037 (C) 125,803 99,444
       Series 2006-12, Class 2A2A (1 month
              LIBOR + 0.190%),
              1.998%, 01/19/2038 (C) 96,186 94,258
IndyMac INDA Mortgage Loan Trust
       Series 2006-AR3, Class 1A1
       3.687%, 12/25/2036 (I) 83,321 79,490
JPMBB Commercial Mortgage
       Securities Trust
       Series 2014-C19, Class A4,
              3.996%, 04/15/2047 395,000 409,003
       Series 2014-C22, Class A4,
              3.801%, 09/15/2047 135,000 138,265
JPMDB Commercial Mortgage
       Securities Trust
       Series 2016-C4, Class A3,
              3.141%, 12/15/2049 735,000 713,276
       Series 2017-C7, Class A5,
              3.409%, 10/15/2050 795,000 785,005
JPMorgan Mortgage Trust
       Series 2006-A3, Class 3A2
       3.415%, 05/25/2036 (I) 23,618 23,497
Lehman XS Trust
       Series 2006-16N, Class A4A (1 month
       LIBOR + 0.190%)
       2.062%, 11/25/2046 (C) 209,529 204,390
LSTAR Securities Investment, Ltd.
       Series 2017-3, Class A1 (1 month
              LIBOR + 2.000%),
              3.664%, 04/01/2022 (C)(D) 230,313 230,241

165



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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)
LSTAR Securities
       Investment, Ltd. (continued)
       Series 2017-6, Class A (1 month
              LIBOR + 1.750%),
              3.414%, 09/01/2022 (C)(D) $ 221,653 $ 221,792
       Series 2017-7, Class A (1 month
              LIBOR + 1.750%),
              3.414%, 10/01/2022 (C)(D) 380,005 380,516
       Series 2017-8, Class A (1 month
              LIBOR + 1.650%),
              3.314%, 11/01/2022 (C)(D) 306,937 307,855
       Series 2018-1, Class A (1 month
              LIBOR + 1.550%),
              3.214%, 02/01/2023 (C)(D) 445,410 444,954
Luminent Mortgage Trust
       Series 2006-4, Class A1A (1 month
       LIBOR + 0.190%)
       2.062%, 05/25/2046 (C) 194,030 175,701
MASTR Adjustable Rate Mortgages
       Trust
       Series 2004-13, Class 3A7
       3.469%, 11/21/2034 (I) 50,596 51,895
MFA Trust
       Series 2017-RPL1, Class A1
       2.588%, 02/25/2057 (D)(I) 211,080 207,939
Morgan Stanley Bank of America Merrill
       Lynch Trust
       Series 2014-C19, Class XA IO
       1.120%, 12/15/2047 1,564,091 70,551
Morgan Stanley Capital I Trust
       Series 2014-MP, Class A,
              3.469%, 08/11/2033 (D) 475,000 478,487
       Series 2017-H1, Class XA IO,
              1.458%, 06/15/2050 780,886 71,232
New Residential Mortgage Loan Trust
       Series 2016-2A, Class A1,
              3.750%, 11/26/2035 (D)(I) 568,965 574,659
       Series 2016-4A, Class A1,
              3.750%, 11/25/2056 (D)(I) 574,939 580,350
       Series 2017-1A, Class A1,
              4.000%, 02/25/2057 (D)(I) 1,120,647 1,142,470
       Series 2017-2A, Class A3,
              4.000%, 03/25/2057 (D)(I) 999,120 1,018,405
       Series 2017-3A, Class A1,
              4.000%, 04/25/2057 (D)(I) 799,966 813,237
       Series 2017-4A, Class A1,
              4.000%, 05/25/2057 (D)(I) 667,140 679,243
       Series 2017-5A, Class A1 (1 month
              LIBOR + 1.500%),
              3.372%, 06/25/2057 (C)(D) 799,116 822,334
OBP Depositor LLC Trust
       Series 2010-OBP, Class A
       4.646%, 07/15/2045 (D) 311,000 320,924
RALI Series Trust
       Series 2007-QH7, Class 1A1 (1 month
              LIBOR + 0.250%),
              1.871%, 08/25/2037 (C) 120,024 116,370
       Series 2007-QH9, Class A1,
              2.513%, 11/25/2037 (I) 107,739 93,735
Sequoia Mortgage Trust
       Series 2007-3, Class 2AA1
       3.558%, 07/20/2037 (I) 19,706 18,900
WaMu Mortgage Pass-Through
       Certificates
       Series 2007-HY6, Class 1A1
       3.162%, 06/25/2037 (I) 29,036 27,352
Washington Mutual Mortgage
       Pass-Through Certificates
       Series 2006-5, Class 1A1 (1 month
       LIBOR + 0.600%)
       2.472%, 07/25/2036 (C) 40,829 28,809
Wells Fargo Commercial Mortgage Trust
       Series 2014-LC16, Class A5,
              3.817%, 08/15/2050 310,000 316,913
       Series 2015-NXS1, Class D,
              4.102%, 05/15/2048 (I) 40,000 35,702
       Series 2015-NXS1, Class XA IO,
              1.172%, 05/15/2048 2,089,503 113,730
       Series 2015-NXS3, Class XA IO,
              1.165%, 09/15/2057 4,634,005 240,708
Wells Fargo Mortgage Backed Securities
       Trust
       Series 2006-AR2, Class 2A1
       3.742%, 03/25/2036 (I) 32,903 33,336
WF-RBS Commercial Mortgage Trust
       Series 2014-C19, Class A5,
              4.101%, 03/15/2047 304,634 316,961
       Series 2014-C20, Class A5,
              3.995%, 05/15/2047 600,000 619,061
  30,133,845
U.S. Government Agency – 1.6%
Federal Home Loan Mortgage Corp.
       Series 3883, Class PB,
              3.000%, 05/15/2041 170,319 170,010
       Series K064, Class X1 IO,
              0.608%, 03/25/2027 2,323,080 108,372
       Series K068, Class A2,
              3.244%, 08/25/2027 545,000 545,116
Federal National Mortgage Association
       Series 2012-18, Class GA,
              2.000%, 12/25/2041 283,611 270,999
       Series 2012-21, Class PQ,
              2.000%, 09/25/2041 150,172 142,906
       Series 2012-75, Class KC,
              2.500%, 12/25/2041 301,547 293,283
       Series 2014-04, Class 1M2 (1 month
              LIBOR + 4.900%),
              6.521%, 11/25/2024 (C) 167,229 191,454
       Series 2015-04, Class 1M2 (1 month
              LIBOR + 5.700%),
              7.321%, 04/25/2028 (C) 91,939 106,641
       Series 2015-48, Class QB,
              3.000%, 02/25/2043 393,207 390,559
       Series 2016-C02, Class 1M2 (1 month
              LIBOR + 6.000%),
              7.621%, 09/25/2028 (C) 69,000 82,597
       Series 2016-C07, Class 2M2 (1 month
              LIBOR + 4.350%),
              5.971%, 05/25/2029 (C) 485,000 538,620
       Series 2017-72, Class B,
              3.000%, 09/25/2047 355,458 352,168
       Series 2017-72, Class CD,
              3.000%, 09/25/2047 370,906 367,459

166



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

Shares or
Principal
Amount       Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National
       Mortgage Association (continued)
       Series 2017-C01, Class 1M2 (1 month
              LIBOR + 3.550%),
              5.171%, 07/25/2029 (C) $ 240,000 $ 260,591
       Series 2018-23, Class LA,
              3.500%, 04/25/2048 340,658 345,359
Government National Mortgage
       Association
       Series 2006-38, Class XS IO
       5.464%, 09/16/2035 86,270 10,444
  4,176,578
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS    
(Cost $34,432,285) $ 34,310,423
 
ASSET BACKED SECURITIES – 22.7%  
ABFC Trust
       Series 2006-HE1, Class A2D (1 month
       LIBOR + 0.220%)
       2.092%, 01/25/2037 (C) 146,276 99,284
AIMCO CLO
       Series 2015-AA, Class AR (3 month
       LIBOR + 0.850%)
       2.572%, 01/15/2028 (C)(D) 365,000 365,085
Anchorage Capital CLO, Ltd.
       Series 2016-9A, Class A (3 month
       LIBOR + 1.510%)
       3.232%, 01/15/2029 (C)(D) 446,849 450,052
Apidos CLO XVII
       Series 2014-17A, Class A1R (3 month
              LIBOR + 1.310%)
              3.041%, 04/17/2026 (C)(D) 1,200,000 1,200,376
       Series 2014-17A, Class A2R (3 month
              LIBOR + 1.850%)
              3.581%, 04/17/2026 (C)(D) 1,145,000 1,145,318
Apidos CLO XX
       Series 2015-20A, Class A1R (3 month
       LIBOR + 1.330%)
       3.052%, 01/16/2027 (C)(D) 700,000 700,169
Apidos CLO XXI
       Series 2015-21A, Class A1 (3 month
       LIBOR + 1.430%)
       3.164%, 07/18/2027 (C)(D) 1,170,000 1,172,173
Atlas Senior Loan Fund X, Ltd.
       Series 2018-10A, Class A (3 month
       LIBOR + 1.090%)
       2.796%, 01/15/2031 (C)(D) 385,000 384,862
Atrium XII
       Series 2012-A, Class AR (3 month
       LIBOR + 0.830%)
       2.575%, 04/22/2027 (C)(D) 765,000 764,720
Avery Point IV CLO, Ltd.
       Series 2014-1A, Class AR (3 month
       LIBOR + 1.100%)
       2.845%, 04/25/2026 (C)(D) 885,000 885,296
Avery Point VI CLO, Ltd.
       Series 2015-6A, Class A (3 month
       LIBOR + 1.450%)
       3.237%, 08/05/2027 (C)(D) 1,230,000 1,232,096
Bayview Koitere Fund Trust
       Series 2017-RT4, Class A
       3.500%, 07/28/2057 (D)(I) 896,745 902,852
Bayview Mortgage Fund IVc Trust
       Series 2017-RT3, Class A
       3.500%, 01/28/2058 (D)(I) 598,978 602,761
Bayview Opportunity Master Fund
       IIIa Trust
       Series 2017-RN7, Class A1
              3.105%, 09/28/2032 (D) 73,746 73,454
       Series 2017-RN8, Class A1
              3.352%, 11/28/2032 (D) 517,261 515,691
Bayview Opportunity Master Fund IV
       Trust
       Series 2018-RN2, Class A1
       3.598%, 02/25/2033 (D) 432,036 431,320
Bayview Opportunity Master Fund
       IVa Trust
       Series 2017-SPL1, Class A
              4.000%, 10/28/2064 (D)(I) 703,233 714,474
       Series 2017-SPL5, Class A
              3.500%, 06/28/2057 (D)(I) 449,780 451,841
Bayview Opportunity Master Fund
       IVb Trust
       Series 2017-NPL2, Class A1
              2.981%, 10/28/2032 (D) 485,711 483,485
       Series 2017-SPL3, Class A
              4.000%, 11/28/2053 (D)(I) 331,029 339,307
       Series 2017-SPL4, Class A
              3.500%, 01/28/2055 (D)(I) 383,638 385,400
BlueMountain CLO, Ltd.
       Series 2015-3A, Class A1 (3 month
       LIBOR + 1.480%)
       3.225%, 10/20/2027 (C)(D) 1,040,000 1,040,376
CAL Funding II, Ltd.
       Series 2012-1A, Class A
       3.470%, 10/25/2027 (D) 91,667 90,899
Carlyle Global Market Strategies
       Series 2014-4A, Class A1R (3 month
              LIBOR + 1.200%)
              2.922%, 10/15/2026 (C)(D) 425,000 425,075
       Series 2015-2A, Class A1 (3 month
              LIBOR + 1.470%)
              3.230%, 04/27/2027 (C)(D) 770,000 770,300
       Series 2016-3A, Class A2 (3 month
              LIBOR + 1.900%)
              3.645%, 10/20/2029 (C)(D) 430,000 433,051
CarMax Auto Owner Trust
       Series 2014-2, Class D
       2.580%, 11/16/2020 280,000 279,969
CBAM, Ltd.
       Series 2017-3A, Class A (3 month
       LIBOR + 1.230%)
       2.599%, 10/17/2029 (C)(D) 710,000 714,513
Cent CLO, Ltd.
       Series 2013-17A, Class A1 (3 month
              LIBOR + 1.300%)
              3.067%, 01/30/2025 (C)(D) 300,687 300,825
       Series 2014-21A, Class A1AR (3
              month LIBOR + 1.210%)
              2.584%, 07/27/2026 (C)(D) 590,000 590,179
       Series 2014-22A, Class A1R (3 month
              LIBOR + 1.410%)
              3.203%, 11/07/2026 (C)(D) 440,000 440,265
CIFC Funding II, Ltd.
       Series 2014-2A, Class A1LR (3 month
       LIBOR + 1.200%)
       3.144%, 05/24/2026 (C)(D) 890,000 890,610

167



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

Shares or
Principal
Amount       Value
ASSET BACKED SECURITIES (continued)  
CIG Auto Receivables Trust
       Series 2017-1A, Class A
       2.710%, 05/15/2023 (D) $ 149,415 $ 148,565
CLUB Credit Trust
       Series 2017-P2, Class A
       2.610%, 01/15/2024 (D) 529,202 527,569
Conn’s Receivables Funding LLC
       Series 2017-B, Class A
       2.730%, 07/15/2020 (D) 103,361 103,191
Covenant Credit Partners CLO III, Ltd.
       Series 2017-1A, Class B (3 month
       LIBOR + 1.850%)
       3.572%, 10/15/2029 (C)(D) 250,000 250,754
Credit Acceptance Auto Loan Trust
       Series 2017-3A, Class A
       2.650%, 06/15/2026 (D) 300,000 297,100
Dryden Senior Loan Fund
       Series 2013-30A, Class AR (3 month
              LIBOR + 0.820%)
              2.659%, 11/15/2028 (C)(D) 819,000 818,939
       Series 2015-38A, Class A (3 month
              LIBOR + 1.430%)
              3.152%, 07/15/2027 (C)(D) 660,000 661,801
First Franklin Mortgage Loan Trust
       Series 2006-FF12, Class A5 (1 month
       LIBOR + 0.310%)
       1.931%, 09/25/2036 (C) 240,000 213,578
First Investors Auto Owner Trust
       Series 2014-3A, Class A3
              1.670%, 11/16/2020 (D) 22,968 22,959
       Series 2014-3A, Class B
              2.390%, 11/16/2020 (D) 170,000 169,828
Galaxy XIX CLO, Ltd.
       Series 2015-19A, Class A1R (3 month
       LIBOR + 1.220%)
       2.961%, 07/24/2030 (C)(D) 895,000 900,607
GSAA Home Equity Trust
       Series 2006-15, Class AF6
              5.876%, 09/25/2036 463,338 241,798
       Series 2006-20, Class 2A1A (1 month
              LIBOR + 0.050%)
              1.922%, 12/25/2046 (C) 387,865 286,908
       Series 2006-10, Class AF3
              5.984%, 06/25/2036 (I) 185,757 92,421
GSAA Trust
       Series 2005-7, Class AF4
       5.058%, 05/25/2035 325,000 331,115
GSAMP Trust
       Series 2007-FM2, Class A2B (1
       month LIBOR + 0.090%)
       1.962%, 01/25/2037 (C) 274,324 173,786
Highbridge Loan Management, Ltd.
       Series 2015-6A, Class A1R (3 month
       LIBOR + 1.000%)
       2.845%, 02/05/2031 (C)(D) 250,000 250,265
Honor Automobile Trust Securitization
       Series 2016-1A, Class A
       2.940%, 11/15/2019 (D) 175,568 175,628
KKR CLO, Ltd.
       Series 15, Class A1A (3 month
              LIBOR + 1.560%)
              3.294%, 10/18/2028 (C)(D) 645,000 646,500
       Series 21, Class A (3 month LIBOR +
              1.000%)
              3.020%, 04/15/2031 (C)(D) 560,000 560,000
LCM XXV, Ltd.
       Series 25A, Class A (3 month LIBOR
       + 1.210%)
       2.955%, 07/20/2030 (C)(D) 835,000 840,657
Lendmark Funding Trust
       Series 2016-2A, Class A
              3.260%, 04/21/2025 (D) 540,000 539,862
       Series 2017-1A, Class A
              2.830%, 12/22/2025 (D) 360,000 358,142
Madison Park Funding XI, Ltd.
       Series 2013-11A, Class AR (3 month
       LIBOR + 1.160%)
       2.904%, 07/23/2029 (C)(D) 721,000 722,632
Madison Park Funding XII, Ltd.
       Series 2014-12A, Class B1R (3 month
       LIBOR + 1.650%)
       3.395%, 07/20/2026 (C)(D) 530,000 530,107
Magnetite IX, Ltd.
       Series 2014-9A, Class A1R (3 month
       LIBOR + 1.000%)
       2.745%, 07/25/2026 (C)(D) 915,000 915,321
Magnetite VIII, Ltd.
       Series 2014-8A, Class AR (3 month
       LIBOR + 1.300%)
       3.022%, 04/15/2026 (C)(D) 560,000 560,133
Magnetite XII, Ltd.
       Series 2015-12A, Class AR (3 month
       LIBOR + 1.330%)
       3.052%, 04/15/2027 (C)(D) 555,000 557,823
Marlette Funding Trust
       Series 2017-3A, Class A
       2.360%, 12/15/2024 (D) 262,192 261,204
MFRA Trust
       Series 2017-NPL1, Class A1
       3.352%, 11/25/2047 (D) 651,287 647,098
Nationstar HECM Loan Trust
       Series 2017-1A, Class A
              1.968%, 05/25/2027 (D) 93,838 93,508
       Series 2017-1A, Class M1
              2.942%, 05/25/2027 (D) 100,000 99,290
       Series 2017-2A, Class A1
              2.038%, 09/25/2027 (D)(I) 181,558 180,423
New Residential Advance
       Receivables Trust
       Series 2016-T2, Class AT2
              2.575%, 10/15/2049 (D) 770,000 762,145
       Series 2017-T1, Class AT1
              3.214%, 02/15/2051 (D) 645,000 641,301
New Residential Mortgage Loan Trust
       Series 2017-6A, Class A1
       4.000%, 08/27/2057 (D)(I) 883,995 897,506
New Residential Mortgage Trust
       Series 2018-1A, Class A1A
       4.000%, 12/25/2057 (D)(I) 362,965 371,021
NRZ Advance Receivables Trust
       Series 2016-T4, Class AT4
       3.107%, 12/15/2050 (D) 740,000 736,705
NRZ Excess Spread-Collateralized Notes
       Series 2018-PLS1, Class A
              3.193%, 01/25/2023 (D) 626,825 623,433
       Series 2018-PLS2, Class A
              3.265%, 02/25/2023 (D) 380,180 379,187
Oak Hill Advisors Residential Loan Trust
       Series 2017-NPL1, Class A1
       3.000%, 06/25/2057 (D) 252,014 250,536

168



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

Shares or
Principal
      Amount       Value
ASSET BACKED SECURITIES (continued)
Oaktree EIF II, Ltd.
       Series 2017-IIIA, Class A2 (3 month
       LIBOR + 1.450%)
       3.181%, 07/17/2029 (C)(D) $ 445,000 $ 448,944
OCP CLO, Ltd.
       Series 2015-8A, Class A1R (3 month
       LIBOR + 0.850%)
       2.581%, 04/17/2027 (C)(D) 1,065,000 1,065,094
OHA Credit Partners VIII, Ltd.
       Series 2013-8A, Class A (3 month
       LIBOR + 1.120%)
       2.865%, 04/20/2025 (C)(D) 641,727 641,933
OneMain Financial Issuance Trust
       Series 2016-2A, Class A
              4.100%, 03/20/2028 (D) 994,133 1,001,235
       Series 2017-1A, Class A1
              2.370%, 09/14/2032 (D) 889,000 873,927
OZLM XII, Ltd.
       Series 2015-12A, Class A1 (3 month
       LIBOR + 1.450%)
       3.217%, 04/30/2027 (C)(D) 1,025,000 1,027,699
Pretium Mortgage Credit Partners I LLC
       Series 2017-NPL5, Class A1
              3.327%, 12/30/2032 (D)(I) 228,589 228,114
       Series 2018-NPL1, Class A1
              3.375%, 01/27/2033 (D) 239,961 239,230
Prosper Marketplace Issuance Trust
       Series 2017-3A, Class A
       2.360%, 11/15/2023 (D) 273,530 272,467
Securitized Asset Backed
       Receivables LLC Trust
       Series 2006-HE1, Class A2B (1 month
       LIBOR + 0.090%)
       1.962%, 07/25/2036 (C) 161,099 80,307
Shackleton VIII CLO, Ltd.
       Series 2015-8A, Class A1R (3 month
       LIBOR + 0.920%)
       2.665%, 10/20/2027 (C)(D) 1,035,000 1,035,144
Skopos Auto Receivables Trust
       Series 2018-1A, Class A
       3.190%, 09/15/2021 (D) 520,000 519,843
SoFi Consumer Loan Program LLC
       Series 2016-2A, Class A
              3.090%, 10/27/2025 (D) 267,095 267,229
       Series 2016-3, Class A
              3.050%, 12/26/2025 (D) 296,408 296,168
       Series 2017-1, Class A
              3.280%, 01/26/2026 (D) 221,228 221,615
       Series 2017-3, Class A
              2.770%, 05/25/2026 (D) 113,126 112,345
       Series 2017-4, Class A
              2.500%, 05/26/2026 (D) 223,690 221,086
Sound Point CLO IV, Ltd.
       Series 2013-3A, Class AR (3 month
       LIBOR + 1.100%)
       2.845%, 01/21/2026 (C)(D) 510,607 510,687
Sound Point CLO XIX, Ltd.
       Series 2018-1A, Class A (3 month
       LIBOR + 1.000%)
       3.202%, 04/15/2031 (C)(D) 750,000 750,000
Sound Point CLO XV, Ltd.
       Series 2017-1A, Class A (3 month
       LIBOR + 1.390%)
       3.134%, 01/23/2029 (C)(D) 305,000 307,064
Soundview Home Loan Trust
       Series 2007-OPT2, Class 2A3 (1
       month LIBOR + 0.180%)
       2.052%, 07/25/2037 (C) 44,424 38,411
Springleaf Funding Trust
       Series 2016-AA, Class A
       2.900%, 11/15/2029 (D) 720,000 716,836
Springleaf Funding Trust
       Series 2017-AA, Class A
       2.680%, 07/15/2030 (D) 900,000 885,927
SPS Servicer Advance Receivables Trust
       Series 2016-T2, Class AT2
       2.750%, 11/15/2049 (D) 630,000 630,908
Towd Point Mortgage Trust
       Series 2015-3, Class A1B
              3.000%, 03/25/2054 (D)(I) 47,205 47,072
       Series 2015-4, Class A1B
              2.750%, 04/25/2055 (D)(I) 184,020 182,632
       Series 2016-2, Class A1A
              2.750%, 08/25/2055 (D)(I) 402,453 396,946
       Series 2016-3, Class A1
              2.250%, 04/25/2056 (D)(I) 529,799 521,375
       Series 2017-1, Class A1
              2.750%, 10/25/2056 (D)(I) 1,141,487 1,128,814
       Series 2017-2, Class A1
              2.750%, 04/25/2057 (D)(I) 295,012 292,867
       Series 2017-3, Class A1
              2.750%, 07/25/2057 (D)(I) 514,374 509,645
       Series 2017-4, Class A1
              2.750%, 06/25/2057 (D)(I) 719,052 708,711
       Series 2017-5, Class A1 (1 month
              LIBOR + 0.600%)
              2.472%, 02/25/2057 (C)(D) 783,527 786,342
Treman Park CLO, Ltd.
       Series 2015-1A, Class AR (3 month
       LIBOR + 1.370%)
       3.115%, 04/20/2027 (C)(D) 745,000 745,302
U.S. Residential Opportunity Fund IV
       Trust
       Series 2017-1III, Class A
       3.352%, 11/27/2037 (D) 476,476 475,250
Venture XXI CLO, Ltd.
       Series 2015-21A, Class AR (3 month
       LIBOR + 0.880%)
       2.602%, 07/15/2027 (C)(D) 915,000 914,994
VOLT LX LLC
       Series 2017-NPL7, Class A1
       3.250%, 06/25/2047 (D) 205,618 204,743
VOLT LXII LLC
       Series 2017-NPL9, Class A1
       3.125%, 09/25/2047 (D) 176,252 175,284
VOLT LXIII LLC
       Series 2017-NP10, Class A1
       3.000%, 10/25/2047 (D) 369,765 366,310
VOLT LXIV LLC
       Series 2017-NP11, Class A1
       3.375%, 10/25/2047 (D) 867,839 865,485
Voya CLO, Ltd.
       Series 2015-1A, Class A1R (3 month
              LIBOR + 0.900%)
              2.634%, 01/18/2029 (C)(D) 730,000 730,288
       Series 2015-1A, Class A2R (3 month
              LIBOR + 1.250%)
              2.984%, 01/18/2029 (C)(D) 255,000 254,792

169



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

Shares or
Principal
      Amount       Value
ASSET BACKED SECURITIES (continued)
Voya CLO, Ltd. (continued)
       Series 2017-4A, Class A1 (3 month
              LIBOR + 1.130%)
              2.514%, 10/15/2030 (C)(D) $ 250,000 $ 251,447
Wendys Funding LLC
       Series 2018-1A, Class A2II
       3.884%, 03/15/2048 (D) 234,413 232,235
Westlake Automobile Receivables Trust
       Series 2017-2A, Class D
       3.280%, 12/15/2022 (D) 535,000 532,238
TOTAL ASSET BACKED SECURITIES (Cost
$59,955,095) $ 59,832,409
 
PURCHASED OPTIONS – 0.1%
Puts – 0.1%
Over the Counter Option on 1 Year
       Interest Rate Swap. Receive a floating
       rate based on 3-month LIBOR and
       pay a fixed rate of 3.200% (Expiration
       Date: 2-28-19; Strike Rate: 3.200%;
       Counterparty: JPMorgan Chase Bank
       N.A.) (J)(K) 4,755,000 52,543
Over the Counter Option on 1 Year
       Interest Rate Swap. Receive a floating
       rate based on 3-month LIBOR and
       pay a fixed rate of 3.200% (Expiration
       Date: 2-28-19; Strike Rate: 3.200%;
       Counterparty: JPMorgan Chase Bank
       N.A.) (J)(K) 7,410,000 81,881
Over the Counter Option on 1 Year
       Interest Rate Swap. Receive a floating
       rate based on 3-month LIBOR and
       pay a fixed rate of 3.200% (Expiration
       Date: 2-28-19; Strike Rate: 3.200%;
       Counterparty: JPMorgan Chase Bank
       N.A.) (J)(K) 6,415,000 70,887
205,311
TOTAL PURCHASED OPTIONS (Cost $307,201) $ 205,311
 
SECURITIES LENDING COLLATERAL – 0.2%
John Hancock Collateral Trust,
       1.8276% (L)(M) 65,301 653,131
TOTAL SECURITIES LENDING COLLATERAL (Cost
$653,222) $ 653,131
 
SHORT-TERM INVESTMENTS – 2.7%
Banker’s acceptance – 0.2%
Bank of Montreal
       1.431%, 04/02/2018 * CAD 115,000 89,246
Canadian Imperial Bank of Commerce
       1.497%, 04/18/2018 * 165,000 127,964
Royal Bank of Canada
       1.483%, 04/13/2018 * 105,000 81,449
The Bank of Nova Scotia
       1.531%, 04/10/2018 * 70,000 54,306
       1.534%, 04/02/2018 * 75,000 58,204
The Toronto-Dominion Bank
       1.458%, 04/06/2018 * 50,000 38,797
       1.522%, 04/10/2018 * 70,000 54,306
504,272
Foreign government – 1.2%
Argentina Treasury Bill
       2.967%, 06/15/2018 * $ 487,925 484,895
       3.032%, 05/24/2018 * 146,833 146,178
       3.195%, 04/27/2018 * 263,996 263,491
Egypt Treasury Bill
       14.846%, 10/16/2018 * EGP 3,800,000 197,942
Japan Treasury Discount Bill
       (0.209)%, 06/04/2018 * JPY 37,100,000 348,797
       (0.141)%, 04/09/2018 * 162,950,000 1,531,461
Spain Treasury Bill
       (0.484)%, 05/11/2018 * EUR 140,000 172,356
3,145,120
Repurchase agreement – 1.3%
       Deutsche Bank Tri-Party Repurchase
       Agreement dated 3-29-18 at 1.810%
       to be repurchased at $3,500,704 on
       4-2-18, collateralized by $3,738,000
       Federal Home Loan Mortgage Corp.,
       1.620% due 9-2-21 (valued at
       $3,570,220, including interest) $ 3,500,000 $ 3,500,000
TOTAL SHORT-TERM INVESTMENTS (Cost $7,076,713) $ 7,149,392
Total Investments (Investment Quality Bond Trust)
       (Cost $355,899,882) – 133.9% $ 353,227,128
Other assets and liabilities, net – (33.9%) (89,435,616 )
TOTAL NET ASSETS – 100.0% $ 263,791,512

Currency Abbreviations

ARS         Argentine Peso
AUD Australian Dollar
CAD Canadian Dollar
EGP Egyptian Pound
EUR Euro
GBP Pound Sterling
JPY Japanese Yen

Security Abbreviations and Legend

EURIBOR         Euro Interbank Offered Rate
GO General Obligation
IO Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
ISDAFIX International Swaps and Derivatives Association Fixed Interest Rate Swap Rate
LIBOR London Interbank Offered Rate
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) All or a portion of this security is segregated at the custodian as collateral for certain derivatives.
(B) Security purchased or sold on a when-issued or delayed delivery basis.
(C) Variable rate obligation. The coupon rate shown represents the rate at period end.
(D) 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. Rule 144A securities amounted to $93,144,808 or 35.3% of the fund’s net assets as of 3-31-18.
(E) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $637,540.
(F) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(G) Non-income producing - Issuer is in default.
(H) Term loans are variable rate obligations. The coupon rate shown represents the rate at period end.

170



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

(I)

       

Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end.

(J)

Non-income producing security.

(K)

For this type of option, notional amounts are equivalent to number of contracts.

(L)

The rate shown is the annualized seven-day yield as of 3-31-18.

(M)

Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

*

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.

DERIVATIVES

FUTURES

Unrealized
Number of Expiration Notional Notional appreciation
Open contracts       contracts       Position       date       basis*       value*       (depreciation)
5-Year U.S. Treasury Note Futures 121 Long Jun 2018 $ 13,806,512 $ 13,849,774         $ 43,262
Eurodollar Futures 26 Long Mar 2019 6,325,862 6,331,650 5,788
U.S. Treasury Long Bond Futures 21 Long Jun 2018 3,004,186 3,079,125 74,939
Ultra U.S. Treasury Bond Futures 28 Long Jun 2018 4,392,332 4,493,125 100,793
10-Year Canada Government Bond Futures 11 Short Jun 2018 (1,131,738 ) (1,137,866 ) (6,128 )
10-Year U.S. Treasury Note Futures 80 Short Jun 2018 (9,640,479 ) (9,691,250 ) (50,771 )
10-Year Ultra U.S. Treasury Bond Futures 24 Short Jun 2018 (3,071,612 ) (3,116,625 ) (45,013 )
Eurodollar Futures 52 Short Mar 2020 (12,625,054 ) (12,636,650 ) (11,596 )
$ 111,274

* Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

FORWARD FOREIGN CURRENCY CONTRACTS

Contractual
settlement Unrealized Unrealized
Contract to buy Contract to sell       Counterparty (OTC)       date       appreciation       depreciation
USD       32,343       AUD       40,000 State Street Bank and Trust Company 4/4/2018 $ 1,621 —
USD 151,373 CAD 190,000 State Street Bank and Trust Company 4/2/2018 3,898 —
USD 63,815 CAD 80,000 JPMorgan Chase Bank N.A. 4/4/2018 1,718 —
USD 38,624 CAD 50,000 Royal Bank of Scotland PLC 4/4/2018 — ($187 )
USD 38,722 CAD 50,000 Royal Bank of Scotland PLC 4/6/2018 — (90 )
USD 112,781 CAD 140,000 State Street Bank and Trust Company 4/10/2018 4,098 —
USD 80,267 CAD 105,000 HSBC Bank USA 4/13/2018 — (1,251 )
USD 131,508 CAD 165,000 Deutsche Bank AG London 4/18/2018 3,397 —
USD 55,218 CAD 70,000 State Street Bank and Trust Company 5/9/2018 847 —
USD 218,289 EUR 180,000 JPMorgan Chase Bank N.A. 4/16/2018 — (3,379 )
USD 68,800 EUR 55,000 BNP Paribas SA 4/20/2018 1,048 —
USD 93,655 EUR 75,000 BNP Paribas SA 4/30/2018 1,201 —
USD 111,993 EUR 90,000 JPMorgan Chase Bank N.A. 4/30/2018 1,047 —
USD 1,121,623 EUR 907,000 Morgan Stanley and Company International PLC 4/30/2018 3,541 —
USD 93,731 EUR 75,000 Deutsche Bank AG London 5/11/2018 1,204 —
USD 80,916 EUR 65,000 Standard Chartered Bank 5/11/2018 726 —
USD 199,176 EUR 160,000 JPMorgan Chase Bank N.A. 5/15/2018 1,729 —
USD 167,502 EUR 135,000 State Street Bank and Trust Company 6/20/2018 447 —
USD 70,362 GBP 50,000 Morgan Stanley and Company International PLC 4/3/2018 212 —
USD 69,911 GBP 50,000 State Street Bank and Trust Company 4/3/2018 — (239 )
USD 70,322 GBP 50,000 BNP Paribas SA 4/25/2018 109 —
USD 1,455,522 JPY 162,950,000 Citibank N.A. 4/9/2018 — (76,470 )
USD 349,533 JPY 37,100,000 Citibank N.A. 6/4/2018 — (514 )
         $ 26,843 ($82,130 )

SWAPS

Interest rate swaps

Unamortized
Fixed Floating upfront Unrealized
Counterparty (OTC)/ Notional Payments Payments payment payment Maturity payment paid appreciation
Centrally cleared   amount     Currency   made   received   frequency   frequency   date     (received)     (depreciation)   Value
JPMorgan Chase Bank 5,100,000 USD Fixed 4.318% USD LIBOR BBA Semi-Annual Quarterly Dec 2028 —        $ (780,756 ) $ (780,756 )
JPMorgan Chase Bank 2,100,000 USD Fixed 3.425% USD LIBOR BBA Semi-Annual Quarterly Jun 2039 — (213,429 ) (213,429 )
— $ (994,185 ) $ (994,185 )
USD Federal Funds H.15
Centrally cleared 1,090,000 USD Fixed 2.179% OIS COMPOUND Annual Annual Nov 2024 — 11,643 11,643

171



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

Interest rate swaps (continued)

Unamortized
Fixed Floating upfront Unrealized
Counterparty (OTC)/ Notional Payments Payments payment payment Maturity payment paid appreciation
Centrally cleared       amount       Currency       made       received       frequency       frequency       date       (received)       (depreciation)       Value
USD Federal Funds H.15
Centrally cleared 1,075,000 USD Fixed 2.179% OIS COMPOUND Annual Annual Nov 2024         $ (1,129 )        $ 12,612 $ 11,483
USD Federal Funds H.15
Centrally cleared 140,000 USD Fixed 2.250% OIS COMPOUND Annual Annual Nov 2024 1,725 (844 ) 881
USD Federal Funds H.15
Centrally cleared 515,000 USD Fixed 2.250% OIS COMPOUND Annual Annual Nov 2024 6,336 (3,097 ) 3,239
USD Federal Funds H.15
Centrally cleared 1,536,000 USD Fixed 2.060% OIS COMPOUND Annual Annual Nov 2024 35,015 (7,349 ) 27,666
USD Federal Funds H.15
Centrally cleared 745,000 USD Fixed 2.459% OIS COMPOUND Annual Annual Nov 2024 — (4,898 ) (4,898 )
USD Federal Funds H.15
Centrally cleared 750,000 USD Fixed 2.453% OIS COMPOUND Annual Annual Nov 2024 — (4,698 ) (4,698 )
USD Federal Funds H.15
Centrally cleared 655,000 USD Fixed 2.453% OIS COMPOUND Annual Annual Nov 2024 — (4,073 ) (4,073 )
USD Federal Funds H.15
Centrally cleared 1,620,000 USD Fixed 1.625% OIS COMPOUND Annual Annual Nov 2026 — 93,476 93,476
Centrally cleared 11,538,000 USD Fixed 2.250% USD LIBOR BBA Semi-Annual Quarterly Jun 2028 643,143 (95,030 ) 548,113
Centrally cleared 1,640,000 USD Fixed 2.750% USD LIBOR BBA Semi-Annual Quarterly Dec 2047 (36,647 ) 50,756 14,109
$ 648,443 $ 48,498 $ 696,941
$ 648,443 $ (945,687 ) $ (297,244 )

Credit default swaps - Buyer

Unamortized
upfront
USD Pay Fixed payment Unrealized
Counterparty (OTC)/ Reference Notional notional fixed payment Maturity paid appreciation
Centrally cleared      obligation      amount      Currency      amount      rate      frequency      date      (received)      (depreciation)      Value
Centrally cleared CDX.NA.IG.29 1,972,000 USD $ 1,972,000 1.000% Quarterly Dec 2022         $ (39,603 )   $2,276 $ (37,327 )
$ 1,972,000 $ (39,603 ) $2,276 $ (37,327 )

Credit default swaps - Seller

Unamortized
Implied USD Fixed upfront Unrealized
Counterparty (OTC)/ Reference credit Notional notional Received   payment Maturity   payment paid appreciation
Centrally cleared       obligation       spread       amount       Currency       amount       fixed rate      frequency       date       (received)       (depreciation)       Value
Deutsche Bank AG CMBX.NA.BBB-.6 7.163 % 110,000 USD $ 110,000 3.000 % Monthly May 2063          $ (18,603 )           $ 2,482 $ (16,121 )
Goldman Sachs International CMBX.NA.BBB-.6 7.163 % 140,000 USD 140,000 3.000 % Monthly May 2063 (23,513 ) 2,996 (20,517 )
Morgan Stanley & Company
       International PLC Brazil Republic 1.482 % 453,000 USD 453,000 1.000 % Quarterly Dec 2022 (11,643 ) 2,285 (9,358 )
Morgan Stanley & Company
       International PLC CMBX.NA.BBB-.6 7.163 % 255,000 USD 255,000 3.000 % Monthly May 2063 (41,682 ) 4,312 (37,370 )
Morgan Stanley & Company
       International PLC CMBX.NA.BBB-.6 7.163 % 130,000 USD 130,000 3.000 % Monthly May 2063 (21,604 ) 2,552 (19,052 )
Morgan Stanley & Company
       International PLC CMBX.NA.BBB-.6 7.163 % 115,000 USD 115,000 3.000 % Monthly May 2063 (19,476 ) 2,623 (16,853 )
Morgan Stanley & Company
       International PLC CMBX.NA.BBB-.6 7.163 % 69,000 USD 69,000 3.000 % Monthly May 2063 (11,691 ) 1,579 (10,112 )
$ 1,272,000 $ (148,212 ) $ 18,829 $ (129,383 )
Centrally cleared iTraxx Crossover Series 28 Version
1 2.492 % 52,000 EUR 64,808 5.000 % Quarterly Dec 2022 6,057 1,017 7,074
Centrally cleared CDX.EM.29 1.370 % 515,000 USD 515,000 1.000 % Quarterly Jun 2023 (10,027 ) 1,212 (8,815 )
Centrally cleared CDX.NA.HY.30 3.605 % 220,000 USD 220,000 5.000 % Quarterly Jun 2023 13,609 68 13,677
$ 799,808 $ 9,639 $ 2,297 $ 11,936
$ 2,071,808 $ (138,573 ) $ 21,126 $ (117,447 )

172



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

Derivatives Currency Abbreviations

AUD         Australian Dollar
CAD Canadian Dollar
EUR Euro
GBP Pound Sterling
JPY Japanese Yen
USD U.S. Dollar

Derivatives Abbreviations

BBA         The British Banker’s Association
LIBOR London Interbank Offered Rate

OTC is an abbreviation for over-the-counter. See Notes to Portfolio of Investments regarding investment transactions and other derivatives information.

Lifestyle Aggressive Portfolio

Shares or
Principal
      Amount       Value
AFFILIATED INVESTMENT COMPANIES (A) – 82.5%
Equity – 82.5%
Strategic Equity Allocation, Series NAV,
       JHVIT (JHAM) (B)(C) 1,237,195 $ 24,385,123
TOTAL AFFILIATED INVESTMENT
COMPANIES (Cost $21,190,132) $ 24,385,123
 
UNAFFILIATED INVESTMENT COMPANIES – 17.5%
Exchange-traded funds – 17.5%
Financial Select Sector SPDR Fund 18,839 519,391
Vanguard Energy ETF 3,984 368,002
Vanguard FTSE Emerging Markets ETF 33,226 1,560,957
Vanguard Health Care ETF 1,333 204,655
Vanguard Information Technology ETF 4,208 719,568
Vanguard Materials ETF 950 122,455
Vanguard Mid-Cap ETF 5,805 895,189
Vanguard Real Estate ETF 3,944 297,654
Vanguard Small-Cap ETF 3,266 479,841
TOTAL UNAFFILIATED
INVESTMENT COMPANIES (Cost
$4,334,970) $ 5,167,712
 
SHORT-TERM INVESTMENTS – 0.1%
Money market funds – 0.1%
State Street Institutional U.S. Government
       Money Market Fund, Premier Class,
       1.5812% (D) 10,798 10,798
TOTAL SHORT-TERM INVESTMENTS
(Cost $10,798) $ 10,798
Total Investments (Lifestyle Aggressive
       Portfolio) (Cost $25,535,900) – 100.1% $ 29,563,633
Other assets and liabilities, net – (0.1%) (21,404 )
TOTAL NET ASSETS – 100.0% $ 29,542,229

Security Abbreviations and Legend

JHAM         John Hancock Asset Management
JHVIT John Hancock Variable Insurance Trust
(A) The underlying portfolios’ subadvisor is shown parenthetically.
(B) The subadvisor is an affiliate of the advisor.
(C) Manulife Asset Management (US) LLC is doing business as John Hancock Asset Management.
(D) The rate shown is the annualized seven-day yield as of 3-31-18.

Lifestyle Balanced Portfolio

Shares or
Principal
      Amount       Value
AFFILIATED INVESTMENT COMPANIES (A) – 100.0%
Equity – 49.6%
Strategic Equity Allocation, Series NAV,
       JHVIT (JHAM) (B)(C) 25,801,581 $ 508,549,159
Fixed income – 50.4%
Bond, Series NAV, JHVIT (JHAM) (B)(C) 39,141,215 517,446,860
TOTAL AFFILIATED INVESTMENT
COMPANIES (Cost $966,171,445) $ 1,025,996,019
Total Investments (Lifestyle Balanced
       Portfolio) (Cost $966,171,445) – 100.0% $ 1,025,996,019
Other assets and liabilities, net – (0.0%) (88,478 )
TOTAL NET ASSETS – 100.0% $ 1,025,907,541

Security Abbreviations and Legend

JHAM         John Hancock Asset Management
JHVIT John Hancock Variable Insurance Trust
(A) The underlying portfolios’ subadvisor is shown parenthetically.
(B) The subadvisor is an affiliate of the advisor.
(C) Manulife Asset Management (US) LLC is doing business as John Hancock Asset Management.

Lifestyle Conservative Portfolio

Shares or
Principal
      Amount       Value
AFFILIATED INVESTMENT COMPANIES (A) – 100.0%
Equity – 20.1%
Strategic Equity Allocation, Series NAV,
JHVIT (JHAM) (B)(C) 1,844,931 $ 36,363,583
Fixed income – 79.9%
Bond, Series NAV, JHVIT (JHAM) (B)(C) 10,911,740 144,253,204
TOTAL AFFILIATED INVESTMENT
COMPANIES (Cost $179,996,991) $ 180,616,787
Total Investments (Lifestyle Conservative
       Portfolio) (Cost $179,996,991) – 100.0% $ 180,616,787
Other assets and liabilities, net – (0.0%) (29,221 )
TOTAL NET ASSETS – 100.0% $ 180,587,566

Security Abbreviations and Legend

JHAM         John Hancock Asset Management
JHVIT John Hancock Variable Insurance Trust
(A) The underlying portfolios’ subadvisor is shown parenthetically.
(B) The subadvisor is an affiliate of the advisor.
(C) Manulife Asset Management (US) LLC is doing business as John Hancock Asset Management.

173



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Lifestyle Growth Portfolio

Shares or
Principal
      Amount       Value
AFFILIATED INVESTMENT COMPANIES (A) – 100.0%
Equity – 70.2%
Strategic Equity Allocation, Series NAV,
       JHVIT (JHAM) (B)(C) 240,903,844 $ 4,748,214,762
Fixed income – 29.8%
Bond, Series NAV, JHVIT (JHAM) (B)(C) 152,155,594 2,011,496,959
TOTAL AFFILIATED INVESTMENT
COMPANIES (Cost $6,118,863,065) $ 6,759,711,721
           
COMMON STOCKS – 0.0%
Financials – 0.0%
Banks – 0.0%
Irish Bank Resolution Corp., Ltd. (D)(E) 3,621 0
Health Care – 0.0%
Health care equipment and supplies – 0.0%
MedCath Corp. (D)(E) 500 250
Industrials – 0.0%
Airlines – 0.0%
Virgin Australia Holdings, Ltd. (D)(E) 16,061 62
Information Technology – 0.0%
Air freight and logistics – 0.0%
CEVA Holdings LLC (E) 1,115 680,193
Materials – 0.0%
Metals and mining – 0.0%
China Metal Recycling Holdings, Ltd. (D)(E) 7,800 0
Timminco, Ltd. (E) 300 0
TOTAL COMMON STOCKS (Cost $409,843) $ 680,505
           
PREFERRED SECURITIES – 0.0%
Information technology – 0.0%
Air freight and logistics – 0.0%
CEVA Holdings LLC, Series A1 (E) 31 27,900
CEVA Holdings LLC, Series A2 (E) 1,068 651,553
TOTAL PREFERRED SECURITIES (Cost
$355,665) $ 679,453
Total Investments (Lifestyle Growth
       Portfolio) (Cost $6,119,628,573) – 100.0% $ 6,761,071,679
Other assets and liabilities, net – (0.0%) (295,373 )
TOTAL NET ASSETS – 100.0% $ 6,760,776,306

Security Abbreviations and Legend

JHAM         John Hancock Asset Management
JHVIT John Hancock Variable Insurance Trust
(A) The underlying portfolios’ subadvisor is shown parenthetically.
(B) The subadvisor is an affiliate of the advisor.
(C) Manulife Asset Management (US) LLC is doing business as John Hancock Asset Management.
(D) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(E) Non-income producing.

Lifestyle Moderate Portfolio

Shares or
Principal
      Amount       Value
AFFILIATED INVESTMENT COMPANIES (A) – 100.0%
Equity – 39.5%
Strategic Equity Allocation, Series NAV,
       JHVIT (JHAM) (B)(C) 6,349,461 $ 125,147,883
Fixed income – 60.5%
Bond, Series NAV, JHVIT (JHAM) (B)(C) 14,506,830 $ 191,780,286
TOTAL AFFILIATED INVESTMENT
COMPANIES (Cost $304,203,586) $ 316,928,169
Total Investments (Lifestyle Moderate
       Portfolio) (Cost $304,203,586) – 100.0% $ 316,928,169
Other assets and liabilities, net – (0.0%) (39,891 )
TOTAL NET ASSETS – 100.0% $ 316,888,278

Security Abbreviations and Legend

JHAM         John Hancock Asset Management
JHVIT John Hancock Variable Insurance Trust
(A) The underlying portfolios’ subadvisor is shown parenthetically.
(B) The subadvisor is an affiliate of the advisor.
(C) Manulife Asset Management (US) LLC is doing business as John Hancock Asset Management.

Managed Volatility Aggressive Portfolio

Shares or
Principal
      Amount       Value
AFFILIATED INVESTMENT COMPANIES (A) – 99.1%
Equity – 99.1%
Alpha Opportunities, Series NAV,
       JHVIT (Wellington) 503,741 $ 5,067,631
Blue Chip Growth, Series NAV, JHVIT
       (T. Rowe Price) 625,517 23,087,848
Capital Appreciation, Series NAV,
       JHVIT (Jennison) 1,461,257 22,386,461
Emerging Markets Equity, Class NAV, JHIT
       (JHAM) (B)(C) 596,309 7,382,301
Emerging Markets Value, Series NAV,
       JHVIT (DFA) 2,063,588 22,389,933
Equity Income, Series NAV, JHVIT
       (T. Rowe Price) 2,239,460 38,115,607
Fundamental Large Cap Value, Class NAV, JHF
       II (JHAM) (B)(C) 2,219,710 30,920,556
International Growth, Class NAV, JHF
       III (Wellington) 477,414 13,639,712
International Growth Stock, Series NAV,
       JHVIT (Invesco) 1,122,576 20,621,729
International Value, Series NAV,
       JHVIT (Templeton) 1,746,371 24,169,773
International Value Equity, Class NAV, JHF III
       (JHAM) (B)(C) 1,181,158 10,063,466
Mid Cap Stock, Series NAV,
       JHVIT (Wellington) 712,112 13,451,792
Mid Value, Series NAV, JHVIT
       (T. Rowe Price) 1,197,911 13,716,082
Multifactor Large Cap ETF, JHETF (DFA) 122,871 4,245,193
Multifactor Mid Cap ETF, JHETF (DFA) 62,781 2,152,760
Real Estate Securities, Series NAV,
       JHVIT (Deutsche) 394,459 7,261,987
Small Cap Growth, Class NAV, JHF II
       (Redwood) (D) 265,155 4,412,182
Small Cap Growth, Series NAV, JHVIT
       (Wellington) (E) 532,734 5,609,687
Small Cap Value, Series NAV,
       JHVIT (Wellington) 260,636 5,048,526
Small Company Value, Series NAV, JHVIT
       (T. Rowe Price) 250,793 5,088,586
Strategic Equity Allocation, Series NAV,
       JHVIT (JHAM) (B)(C) 4,044,390 79,714,919

174



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Managed Volatility Aggressive Portfolio (continued)

Shares or
Principal
      Amount       Value
AFFILIATED INVESTMENT COMPANIES (continued)
Equity (continued)
Strategic Growth, Class NAV, JHF III
       (JHAM) (B)(C) 1,251,221 $ 22,609,572
TOTAL AFFILIATED INVESTMENT
COMPANIES (Cost $339,469,350) $ 381,156,303
 
SHORT-TERM INVESTMENTS – 1.0%
Commercial paper – 0.2%
Bank of Tokyo-Mitsubishi UFJ, Ltd.
       1.820%, 04/30/2018 * $ 140,000 139,760
ONE Gas, Inc.
       1.850%, 04/02/2018 * 525,000 524,885
664,645
U.S. Government – 0.2%
U.S. Treasury Bill
       1.691%, 06/14/2018 * 435,000 433,538
       1.732%, 06/14/2018 * 320,000 318,924
       1.880%, 09/27/2018 * 185,000 183,283
935,745
U.S. Government Agency – 0.3%
Federal Agricultural Mortgage Corp.
       Discount Note
       1.501%, 04/02/2018 * 40,000 39,998
Federal Home Loan Bank Discount Note
       1.200%, 04/02/2018 * 272,000 271,996
       1.510%, 06/18/2018 * 305,000 303,878
       1.603%, 04/25/2018 * 150,000 149,841
       1.789%, 06/15/2018 * 320,000 318,868
1,084,581
Money market funds – 0.3%
State Street Institutional U.S. Government
       Money Market Fund, Premier Class,
       1.5812% (F) 1,092,702 1,092,702
TOTAL SHORT-TERM INVESTMENTS
(Cost $3,777,727) $ 3,777,673
Total Investments (Managed Volatility
       Aggressive Portfolio) (Cost $343,247,077) -
       100.1% $ 384,933,976
Other assets and liabilities, net – (0.1%) (328,787 )
TOTAL NET ASSETS – 100.0% $ 384,605,189

Security Abbreviations and Legend

JHETF         John Hancock Exchange-Traded Fund Trust
JHF II John Hancock Funds II
JHF III John Hancock Funds III
JHIT John Hancock Investment Trust
JHVIT John Hancock Variable Insurance Trust
(A) The underlying portfolios’ subadvisor is shown parenthetically.
(B) The subadvisor is an affiliate of the advisor.
(C) Manulife Asset Management (US) LLC is doing business as John Hancock Asset Management.
(D) Formerly known as Small Company Growth Fund.
(E) Non-income producing.
(F) The rate shown is the annualized seven-day yield as of 3-31-18.
* 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.

DERIVATIVES

FUTURES

Unrealized
Number of Expiration Notional Notional appreciation
Open contracts       contracts       Position       date       basis*       value*       (depreciation)
British Pound Currency Futures 10 Short Jun 2018 $ (883,897 ) $ (878,625 )         $ 5,272
Euro FX Futures 12 Short Jun 2018 (1,862,363 ) (1,853,775 ) 8,588
Euro STOXX 50 Index Futures 46 Short Jun 2018 (1,827,589 ) (1,858,201 ) (30,612 )
FTSE 100 Index Futures 9 Short Jun 2018 (875,558 ) (882,691 ) (7,133 )
Japanese Yen Currency Futures 6 Short Jun 2018 (709,970 ) (708,300 ) 1,670
MSCI Emerging Markets Index Futures 50 Short Jun 2018 (2,899,469 ) (2,969,500 ) (70,031 )
Nikkei 225 Futures 4 Short Jun 2018 (789,848 ) (807,857 ) (18,009 )
Russell 2000 Index E-Mini Futures 12 Short Jun 2018 (909,242 ) (918,720 ) (9,478 )
S&P 500 Index E-Mini Futures 79 Short Jun 2018 (10,301,346 ) (10,439,850 ) (138,504 )
S&P Mid 400 Index E-Mini Futures 10 Short Jun 2018 (1,852,964 ) (1,883,100 ) (30,136 )
$ (288,373 )

* Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

See Notes to Portfolio of Investments regarding investment transactions and other derivatives information.

Managed Volatility Balanced Portfolio

Shares or
Principal
      Amount       Value
AFFILIATED INVESTMENT COMPANIES (A) – 98.9%
Equity – 49.4%
Alpha Opportunities, Series NAV,
       JHVIT (Wellington) 3,007,989 $ 30,260,369
Blue Chip Growth, Series NAV, JHVIT
       (T. Rowe Price) 4,886,053 180,344,205
Capital Appreciation, Series NAV,
       JHVIT (Jennison) 11,404,760 174,720,916
Emerging Markets Equity, Class NAV, JHIT
       (JHAM) (B)(C) 3,746,466 46,381,250

175



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Managed Volatility Balanced Portfolio (continued)

      Shares or      
Principal
Amount Value
AFFILIATED INVESTMENT COMPANIES (continued)
Equity (continued)
Emerging Markets Value, Series NAV,
       JHVIT (DFA) 12,962,921 $ 140,647,698
Equity Income, Series NAV, JHVIT
       (T. Rowe Price) 17,633,190 300,116,891
Fundamental Large Cap Value, Class NAV, JHF
       II (JHAM) (B)(C) 17,448,955 243,063,942
International Growth, Class NAV, JHF
       III (Wellington) 1,983,917 56,680,520
International Growth Stock, Series NAV,
       JHVIT (Invesco) 4,665,739 85,709,630
International Value, Series NAV,
       JHVIT (Templeton) 10,218,703 141,426,851
Mid Cap Stock, Series NAV,
       JHVIT (Wellington) 3,976,560 75,117,221
Mid Value, Series NAV, JHVIT
       (T. Rowe Price) 6,741,455 77,189,662
Multifactor Large Cap ETF, JHETF (DFA) 2,467,609 85,255,891
Multifactor Mid Cap ETF, JHETF (DFA) 1,260,752 43,231,186
Small Cap Growth, Class NAV, JHF II
       (Redwood) (D) 2,102,276 34,981,880
Small Cap Growth, Series NAV, JHVIT
       (Wellington) (E) 4,502,183 47,407,986
Small Cap Value, Series NAV,
       JHVIT (Wellington) 2,139,539 41,442,867
Small Company Value, Series NAV, JHVIT
       (T. Rowe Price) 2,055,586 41,707,841
Strategic Equity Allocation, Series NAV,
       JHVIT (JHAM) (B)(C) 87,106,640 1,716,871,880
Strategic Growth, Class NAV, JHF III
       (JHAM) (B)(C) 9,792,874 176,957,238
3,739,515,924
Fixed income – 49.2%
Bond, Series NAV, JHVIT (JHAM) (B)(C) 176,137,427 2,328,536,791
Core Bond, Series NAV, JHVIT (Wells Capital) 26,095,888 334,549,278
Global Bond, Series NAV, JHVIT (PIMCO) 11,719,361 153,758,019
New Income, Series NAV, JHVIT
       (T. Rowe Price) 46,312,383 578,904,788
Short Term Government Income, Series NAV,
       JHVIT (JHAM) (B)(C) 4,432,022 52,962,659
Total Return, Class NAV, JHF II (PIMCO) 21,002,515 279,333,448
3,728,044,983
Alternative – 0.3%
Global Conservative Absolute Return,
       Class NAV, JHBT (Standard Life) (E) 2,559,231 23,877,628
TOTAL AFFILIATED INVESTMENT
COMPANIES (Cost $7,026,327,270) $ 7,491,438,535
         
SHORT-TERM INVESTMENTS – 0.8%
Commercial paper – 0.2%
Bank of Tokyo-Mitsubishi UFJ, Ltd.
       1.820%, 04/30/2018 * $ 3,025,000 3,019,837
ONE Gas, Inc.
       1.850%, 04/02/2018 * 9,705,000 9,702,849
The Home Depot, Inc.
       1.650%, 04/02/2018 * 2,000,000 1,999,908
14,722,594
U.S. Government – 0.2%
U.S. Treasury Bill
       1.691%, 06/14/2018 * 6,845,000 6,821,990
       1.732%, 06/14/2018 * 6,965,000 6,941,586
       1.880%, 09/27/2018 * 3,035,000 3,006,826
16,770,402
U.S. Government Agency – 0.4%
Federal Agricultural Mortgage Corp.
       Discount Note
       1.500%, 04/02/2018 * 924,000 923,962
Federal Home Loan Bank Discount Note
       1.200%, 04/02/2018 * 6,341,000 6,340,913
       1.400%, 04/02/2018 * 3,611,000 3,610,932
       1.510%, 06/18/2018 * 6,985,000 6,959,302
       1.603%, 04/25/2018 * 3,480,000 3,476,308
       1.700%, 05/25/2018 * 1,460,000 1,456,346
       1.789%, 06/15/2018 * 6,965,000 6,940,372
29,708,135
Money market funds – 0.0%
State Street Institutional U.S. Government
       Money Market Fund, Premier Class,
       1.5812% (F) 1,211,075 1,211,075
TOTAL SHORT-TERM INVESTMENTS
(Cost $62,413,514) $ 62,412,206
Total Investments (Managed Volatility
       Balanced Portfolio) (Cost $7,088,740,784) -
       99.7% $ 7,553,850,741
Other assets and liabilities, net – 0.3% 25,725,277
TOTAL NET ASSETS – 100.0% $ 7,579,576,018

Security Abbreviations and Legend

JHBT         John Hancock Bond Trust
JHETF John Hancock Exchange-Traded Fund Trust
JHF II John Hancock Funds II
JHF III John Hancock Funds III
JHIT John Hancock Investment Trust
JHVIT John Hancock Variable Insurance Trust
(A) The underlying portfolios’ subadvisor is shown parenthetically.
(B) The subadvisor is an affiliate of the advisor.
(C) Manulife Asset Management (US) LLC is doing business as John
Hancock Asset Management.
(D) Formerly known as Small Company Growth Fund.
(E) Non-income producing.
(F) The rate shown is the annualized seven-day yield as of 3-31-18.
* 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.

DERIVATIVES

FUTURES

                                    Unrealized
Number of Expiration Notional Notional appreciation
Open contracts contracts Position date basis* value* (depreciation)
British Pound Currency Futures 202 Long Jun 2018 $17,668,342 $17,748,225 $79,883
Euro FX Futures 260 Long Jun 2018 40,342,127 40,165,125 (177,002 )
Euro STOXX 50 Index Futures 1,012 Long Jun 2018 41,324,316 40,880,411 (443,905 )

176



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Managed Volatility Balanced Portfolio (continued)
FUTURES (continued)

                                    Unrealized
Number of Expiration Notional Notional appreciation
Open contracts contracts Position date basis* value* (depreciation)
FTSE 100 Index Futures 185 Long Jun 2018 $18,371,151 $18,144,201 $(226,950 )
Japanese Yen Currency Futures 154 Long Jun 2018 18,333,883 18,179,700 (154,183 )
MSCI Emerging Markets Index Futures 766 Long Jun 2018 46,651,307 45,492,740 (1,158,567 )
Nikkei 225 Futures 94 Long Jun 2018 18,435,535 18,984,634 549,099
Russell 2000 Index E-Mini Futures 238 Long Jun 2018 18,979,805 18,221,280 (758,525 )
S&P 500 Index E-Mini Futures 1,930 Long Jun 2018 267,335,708 255,049,500 (12,286,208 )
S&P Mid 400 Index E-Mini Futures 207 Long Jun 2018 40,259,933 38,980,170 (1,279,763 )
$(15,856,121 )

* Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

See Notes to Portfolio of Investments regarding investment transactions and other derivatives information.

Managed Volatility Conservative Portfolio

      Shares or      
Principal
Amount Value
AFFILIATED INVESTMENT COMPANIES (A) – 99.0%
Equity – 19.3%
Blue Chip Growth, Series NAV, JHVIT
       (T. Rowe Price) 415,483 $ 15,335,483
Capital Appreciation, Series NAV,
       JHVIT (Jennison) 971,184 14,878,536
Emerging Markets Equity, Class NAV, JHIT
       (JHAM) (B)(C) 204,959 2,537,394
Emerging Markets Value, Series NAV,
       JHVIT (DFA) 710,110 7,704,688
Equity Income, Series NAV, JHVIT
       (T. Rowe Price) 1,482,718 25,235,862
Fundamental Large Cap Value, Class NAV, JHF
       II (JHAM) (B)(C) 1,475,241 20,550,101
International Growth, Class NAV, JHF
       III (Wellington) 88,113 2,517,388
International Growth Stock, Series NAV,
       JHVIT (Invesco) 206,185 3,787,616
International Value, Series NAV,
       JHVIT (Templeton) 451,815 6,253,125
Mid Cap Stock, Series NAV,
       JHVIT (Wellington) 187,905 3,549,529
Mid Value, Series NAV, JHVIT
       (T. Rowe Price) 320,440 3,669,042
Small Cap Growth, Class NAV, JHF II
       (Redwood) (D) 131,848 2,193,952
Small Cap Growth, Series NAV, JHVIT
       (Wellington) (E) 284,794 2,998,880
Small Cap Value, Series NAV,
       JHVIT (Wellington) 133,497 2,585,831
Small Company Value, Series NAV, JHVIT
       (T. Rowe Price) 129,894 2,635,555
Strategic Equity Allocation, Series NAV,
       JHVIT (JHAM) (B)(C) 5,908,740 116,461,261
Strategic Growth, Class NAV, JHF III
       (JHAM) (B)(C) 833,949 15,069,457
247,963,700
Fixed income – 79.1%
Bond, Series NAV, JHVIT (JHAM) (B)(C) 47,897,020 633,198,599
Core Bond, Series NAV, JHVIT (Wells Capital) 7,095,384 90,962,821
Global Bond, Series NAV, JHVIT (PIMCO) 3,276,887 42,992,761
New Income, Series NAV, JHVIT
       (T. Rowe Price) 12,605,565 157,569,562
Short Term Government Income, Series NAV,
       JHVIT (JHAM) (B)(C) 1,185,935 14,171,925
Total Return, Class NAV, JHF II (PIMCO) 5,716,917 76,035,002
1,014,930,670
Alternative – 0.6%
Global Conservative Absolute Return,
       Class NAV, JHBT (Standard Life) (E) 796,193 7,428,481
TOTAL AFFILIATED INVESTMENT
COMPANIES (Cost $1,287,754,481) $ 1,270,322,851
           
SHORT-TERM INVESTMENTS – 0.9%
Commercial paper – 0.2%
Bank of Tokyo-Mitsubishi UFJ, Ltd.
       1.820%, 04/30/2018 * $ 545,000 544,069
ONE Gas, Inc.
       1.850%, 04/02/2018 * 1,630,000 1,629,640
2,173,709
U.S. Government – 0.2%
U.S. Treasury Bill
       1.691%, 06/14/2018 * 1,255,000 1,250,781
       1.732%, 06/14/2018 * 1,085,000 1,081,353
       1.880%, 09/27/2018 * 545,000 539,941
2,872,075
U.S. Government Agency – 0.4%
Federal Agricultural Mortgage Corp.
       Discount Note
       1.500%, 04/02/2018 * 209,000 208,991
Federal Home Loan Bank Discount Note
       1.200%, 04/02/2018 * 1,432,000 1,431,980
       1.400%, 04/02/2018 * 816,000 815,985
       1.510%, 06/18/2018 * 1,110,000 1,105,916
       1.603%, 04/25/2018 * 520,000 519,448
       1.700%, 05/25/2018 * 260,000 259,349
       1.789%, 06/15/2018 * 1,085,000 1,081,163
5,422,832
Money market funds – 0.1%
State Street Institutional U.S. Government
       Money Market Fund, Premier Class,
       1.5812% (F) 742,070 742,070
TOTAL SHORT-TERM INVESTMENTS
(Cost $11,210,897) $ 11,210,686
Total Investments (Managed Volatility
       Conservative Portfolio) (Cost
       $1,298,965,378) – 99.9% $ 1,281,533,537
Other assets and liabilities, net – 0.1% 1,913,347
TOTAL NET ASSETS – 100.0% $ 1,283,446,884

177



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Managed Volatility Conservative Portfolio (continued)

Security Abbreviations and Legend

JHBT        John Hancock Bond Trust
JHF II John Hancock Funds II
JHF III John Hancock Funds III
JHIT John Hancock Investment Trust
JHVIT John Hancock Variable Insurance Trust
(A) The underlying portfolios’ subadvisor is shown parenthetically.
(B) The subadvisor is an affiliate of the advisor.
(C)

Manulife Asset Management (US) LLC is doing business as John Hancock Asset Management.

(D)

Formerly known as Small Company Growth Fund.

(E)

Non-income producing.

(F)

The rate shown is the annualized seven-day yield as of 3-31-18.

*

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.

DERIVATIVES

FUTURES

                                    Unrealized
Number of Expiration Notional Notional appreciation
Open contracts contracts Position date basis* value* (depreciation)
British Pound Currency Futures 15 Long Jun 2018 $1,317,647 $1,317,938 $291
Euro FX Futures 20 Long Jun 2018 3,105,033 3,089,625 (15,408 )
Euro STOXX 50 Index Futures 80 Long Jun 2018 3,245,745 3,231,653 (14,092 )
FTSE 100 Index Futures 14 Long Jun 2018 1,379,706 1,373,075 (6,631 )
Japanese Yen Currency Futures 12 Long Jun 2018 1,426,656 1,416,600 (10,056 )
MSCI Emerging Markets Index Futures 55 Long Jun 2018 3,316,898 3,266,450 (50,448 )
Nikkei 225 Futures 7 Long Jun 2018 1,377,418 1,413,749 36,331
Russell 2000 Index E-Mini Futures 19 Long Jun 2018 1,500,012 1,454,640 (45,372 )
S&P 500 Index E-Mini Futures 172 Long Jun 2018 23,490,006 22,729,800 (760,206 )
S&P Mid 400 Index E-Mini Futures 15 Long Jun 2018 2,884,678 2,824,650 (60,028 )
$(925,619 )

* Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

See Notes to Portfolio of Investments regarding investment transactions and other derivatives information.

Managed Volatility Growth Portfolio

      Shares or      
Principal
Amount Value
AFFILIATED INVESTMENT COMPANIES (A) – 98.7%
Equity – 70.0%
Alpha Opportunities, Series NAV,
       JHVIT (Wellington) 6,848,801 $ 68,898,940
Blue Chip Growth, Series NAV, JHVIT
       (T. Rowe Price) 7,547,863 278,591,606
Capital Appreciation, Series NAV,
       JHVIT (Jennison) 17,636,974 270,198,437
Emerging Markets Equity, Class NAV, JHIT
       (JHAM) (B)(C) 8,391,394 103,885,460
Emerging Markets Value, Series NAV,
       JHVIT (DFA) 29,043,227 315,119,010
Equity Income, Series NAV, JHVIT
       (T. Rowe Price) 27,197,321 462,898,407
Fundamental Large Cap Value, Class NAV, JHF
       II (JHAM) (B)(C) 26,963,687 375,604,155
International Growth, Class NAV, JHF
       III (Wellington) 4,331,975 123,764,526
International Growth Stock, Series NAV,
       JHVIT (Invesco) 10,232,519 187,971,380
International Value, Series NAV,
       JHVIT (Templeton) 20,130,648 278,608,171
International Value Equity, Class NAV, JHF III
       (JHAM) (B)(C) 3,863,819 32,919,740
Mid Cap Stock, Series NAV,
       JHVIT (Wellington) 8,350,014 157,731,770
Mid Value, Series NAV, JHVIT
       (T. Rowe Price) 15,120,546 173,130,254
Multifactor Large Cap ETF, JHETF (DFA) 3,161,998 109,247,031
Multifactor Mid Cap ETF, JHETF (DFA) 1,613,118 55,313,816
Small Cap Growth, Class NAV, JHF II
       (Redwood) (D) 3,888,426 64,703,404
Small Cap Growth, Series NAV, JHVIT
       (Wellington) (E) 7,839,411 82,548,996
Small Cap Value, Series NAV,
       JHVIT (Wellington) 3,789,984 73,411,981
Small Company Value, Series NAV, JHVIT
       (T. Rowe Price) 3,691,283 74,896,130
Strategic Equity Allocation, Series NAV,
       JHVIT (JHAM) (B)(C) 162,451,919 3,201,927,315
Strategic Growth, Class NAV, JHF III
       (JHAM) (B)(C) 15,126,779 273,340,896
6,764,711,425
Fixed income – 28.4%
Bond, Series NAV, JHVIT (JHAM) (B)(C) 130,000,920 1,718,612,158
Core Bond, Series NAV, JHVIT (Wells Capital) 19,255,015 246,849,291
Global Bond, Series NAV, JHVIT (PIMCO) 8,787,262 115,288,873
New Income, Series NAV, JHVIT
       (T. Rowe Price) 34,167,484 427,093,553
Short Term Government Income, Series NAV,
       JHVIT (JHAM) (B)(C) 2,855,230 34,119,993
Total Return, Class NAV, JHF II (PIMCO) 15,516,870 206,374,377
2,748,338,245
Alternative – 0.3%
Global Conservative Absolute Return,
       Class NAV, JHBT (Standard Life) (E) 2,668,696 24,898,931
TOTAL AFFILIATED INVESTMENT
COMPANIES (Cost $8,446,718,320) $ 9,537,948,601

178



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Managed Volatility Growth Portfolio (continued)

      Shares or      
Principal
Amount Value
SHORT-TERM INVESTMENTS – 1.3%
Commercial paper – 0.3%
Bank of Tokyo-Mitsubishi UFJ, Ltd.
       1.820%, 04/30/2018 * $ 5,970,000 $ 5,959,811
ONE Gas, Inc.
       1.850%, 04/02/2018 * 13,160,000 13,157,083
The Home Depot, Inc.
       1.650%, 04/02/2018 * 10,000,000 9,999,542
29,116,436
U.S. Government – 0.3%
U.S. Treasury Bill
       1.691%, 06/14/2018 * 9,630,000 9,597,628
       1.732%, 06/14/2018 * 9,810,000 9,777,023
       1.880%, 09/27/2018 * 5,420,000 5,369,685
24,744,336
U.S. Government Agency – 0.7%
Federal Agricultural Mortgage Corp.
       Discount Note
       1.500%, 04/02/2018 * 3,460,000 3,459,856
Federal Home Loan Bank Discount Note
       1.200%, 04/02/2018 * 23,736,000 23,735,674
       1.400%, 04/02/2018 * 13,516,000 13,515,746
       1.510%, 06/18/2018 * 9,550,000 9,514,866
       1.603%, 04/25/2018 * 4,955,000 4,949,743
       1.700%, 05/25/2018 * 2,885,000 2,877,779
       1.789%, 06/15/2018 * 9,810,000 9,775,312
67,828,976
Money market funds – 0.0%
State Street Institutional U.S. Government
       Money Market Fund, Premier Class,
       1.5812% (F) 1,411,315 1,411,315
TOTAL SHORT-TERM INVESTMENTS
(Cost $123,102,580) $ 123,101,063
Total Investments (Managed Volatility
       Growth Portfolio) (Cost $8,569,820,900) -
       100.0% $ 9,661,049,664
Other assets and liabilities, net – (0.0%) (1,014,609)
TOTAL NET ASSETS – 100.0% $ 9,660,035,055

Security Abbreviations and Legend

JHBT        John Hancock Bond Trust
JHETF John Hancock Exchange-Traded Fund Trust
JHF II John Hancock Funds II
JHF III John Hancock Funds III
JHIT John Hancock Investment Trust
JHVIT John Hancock Variable Insurance Trust
(A) The underlying funds’ subadvisor is shown parenthetically.
(B) The subadvisor is an affiliate of the advisor.
(C) Manulife Asset Management (US) LLC is doing business as John Hancock Asset Management.
(D) Formerly known as Small Company Growth Fund.
(E) Non-income producing.
(F) The rate shown is the annualized seven-day yield as of 3-31-18.
* 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.

DERIVATIVES

FUTURES

                                    Unrealized
Number of Expiration Notional Notional appreciation
Open contracts contracts Position date basis* value* (depreciation)
British Pound Currency Futures 15 Long Jun 2018 $1,308,146 $1,317,938 $9,792
Euro FX Futures 19 Long Jun 2018 2,947,669 2,935,144 (12,525 )
Euro STOXX 50 Index Futures 75 Long Jun 2018 3,080,184 3,029,675 (50,509 )
FTSE 100 Index Futures 13 Long Jun 2018 1,298,983 1,274,998 (23,985 )
Japanese Yen Currency Futures 11 Long Jun 2018 1,308,858 1,298,550 (10,308 )
MSCI Emerging Markets Index Futures 60 Long Jun 2018 3,676,726 3,563,400 (113,326 )
Nikkei 225 Futures 6 Long Jun 2018 1,180,000 1,211,785 31,785
Russell 2000 Index E-Mini Futures 16 Long Jun 2018 1,281,060 1,224,960 (56,100 )
S&P 500 Index E-Mini Futures 126 Long Jun 2018 17,570,393 16,650,900 (919,493 )
S&P Mid 400 Index E-Mini Futures 14 Long Jun 2018 2,736,928 2,636,340 (100,588 )
$(1,245,257 )

* Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

See Notes to Portfolio of Investments regarding investment transactions and other derivatives information.

179



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Managed Volatility Moderate Portfolio

      Shares or      
Principal
Amount Value
AFFILIATED INVESTMENT COMPANIES (A) – 99.0%
Equity – 39.3%
Alpha Opportunities, Series NAV,
       JHVIT (Wellington) 678,407 $ 6,824,772
Blue Chip Growth, Series NAV, JHVIT
       (T. Rowe Price) 1,271,673 46,937,452
Capital Appreciation, Series NAV,
       JHVIT (Jennison) 2,962,396 45,383,903
Emerging Markets Equity, Class NAV, JHIT
       (JHAM) (B)(C) 737,562 9,131,015
Emerging Markets Value, Series NAV,
       JHVIT (DFA) 2,560,459 27,780,976
Equity Income, Series NAV, JHVIT
       (T. Rowe Price) 4,574,447 77,857,095
Fundamental Large Cap Value, Class NAV, JHF
       II (JHAM) (B)(C) 4,545,766 63,322,514
International Growth, Class NAV, JHF
       III (Wellington) 325,993 9,313,622
International Growth Stock, Series NAV,
       JHVIT (Invesco) 766,534 14,081,230
International Value, Series NAV,
       JHVIT (Templeton) 1,707,464 23,631,306
Mid Cap Stock, Series NAV,
       JHVIT (Wellington) 1,055,672 19,941,638
Mid Value, Series NAV, JHVIT
       (T. Rowe Price) 1,788,288 20,475,899
Small Cap Growth, Class NAV, JHF II
       (Redwood) (D) 502,072 8,354,473
Small Cap Growth, Series NAV, JHVIT
       (Wellington) (D)(E) 1,074,878 11,318,469
Small Cap Value, Series NAV,
       JHVIT (Wellington) 515,128 9,978,029
Small Company Value, Series NAV, JHVIT
       (T. Rowe Price) 490,515 9,952,558
Strategic Equity Allocation, Series NAV,
       JHVIT (JHAM) (B)(C) 21,013,784 414,181,673
Strategic Growth, Class NAV, JHF III
       (JHAM) (B)(C) 2,539,698 45,892,343
864,358,967
Fixed income – 59.2%
Bond, Series NAV, JHVIT (JHAM) (B)(C) 61,513,034 813,202,310
Core Bond, Series NAV, JHVIT (Wells Capital) 9,115,116 116,855,788
Global Bond, Series NAV, JHVIT (PIMCO) 4,113,226 53,965,522
New Income, Series NAV, JHVIT
       (T. Rowe Price) 16,186,271 202,328,391
Short Term Government Income, Series NAV,
       JHVIT (JHAM) (B)(C) 1,450,447 17,332,840
Total Return, Class NAV, JHF II (PIMCO) 7,345,920 97,700,740
1,301,385,591
Alternative – 0.5%
Global Conservative Absolute Return,
       Class NAV, JHBT (Standard Life) (E) 1,018,865 9,506,010
TOTAL AFFILIATED INVESTMENT
COMPANIES (Cost $2,095,744,632) $ 2,175,250,568
SHORT-TERM INVESTMENTS – 0.7%
Commercial paper – 0.1%
Bank of Tokyo-Mitsubishi UFJ, Ltd.
       1.820%, 04/30/2018 * $ 820,000 818,601
ONE Gas, Inc.
       1.850%, 04/02/2018 *   2,605,000   2,604,423
3,423,024
U.S. Government – 0.2%
U.S. Treasury Bill
       1.691%, 06/14/2018 * 1,835,000 1,828,831
       1.732%, 06/14/2018 * 1,820,000 1,813,882
       1.880%, 09/27/2018 * 815,000 807,434
4,450,147
U.S. Government Agency – 0.4%
Federal Agricultural Mortgage Corp.
       Discount Note
       1.500%, 04/02/2018 * 252,000 251,990
Federal Home Loan Bank Discount Note
       1.200%, 04/02/2018 * 1,730,000 1,729,976
       1.400%, 04/02/2018 * 986,000 985,981
       1.510%, 06/18/2018 * 2,050,000 2,042,458
       1.603%, 04/25/2018 * 895,000 894,050
       1.700%, 05/25/2018 * 395,000 394,011
       1.789%, 06/15/2018 * 1,820,000 1,813,564
8,112,030
Money market funds – 0.0%
State Street Institutional U.S. Government
       Money Market Fund, Premier Class,
       1.5812% (F) 173,409 173,409
TOTAL SHORT-TERM INVESTMENTS
(Cost $16,159,054) $ 16,158,610
Total Investments (Managed Volatility
       Moderate Portfolio) (Cost $2,111,903,686)
       – 99.7% $ 2,191,409,178
Other assets and liabilities, net – 0.3% 6,657,145
TOTAL NET ASSETS – 100.0% $ 2,198,066,323

Security Abbreviations and Legend

JHBT         John Hancock Bond Trust
JHF II John Hancock Funds II
JHF III John Hancock Funds III
JHIT John Hancock Investment Trust
JHVIT John Hancock Variable Insurance Trust
(A) The underlying portfolios’ subadvisor is shown parenthetically.
(B) The subadvisor is an affiliate of the advisor.
(C) Manulife Asset Management (US) LLC is doing business as John Hancock Asset Management.
(D) Formerly known as Small Company Growth Fund.
(E) Non-income producing.
(F) The rate shown is the annualized seven-day yield as of 3-31-18.
* 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.

180



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Managed Volatility Moderate Portfolio (continued)
DERIVATIVES

FUTURES

                                    Unrealized
Number of Expiration Notional Notional appreciation
Open contracts contracts Position date basis* value* (depreciation)
British Pound Currency Futures 45 Long Jun 2018 $3,934,183 $3,953,812 $19,629
Euro FX Futures 59 Long Jun 2018 9,154,864 9,114,394 (40,470 )
Euro STOXX 50 Index Futures 230 Long Jun 2018 9,385,796 9,291,003 (94,793 )
FTSE 100 Index Futures 41 Long Jun 2018 4,070,105 4,021,147 (48,958 )
Japanese Yen Currency Futures 35 Long Jun 2018 4,167,633 4,131,750 (35,883 )
MSCI Emerging Markets Index Futures 158 Long Jun 2018 9,613,652 9,383,620 (230,032 )
Nikkei 225 Futures 22 Long Jun 2018 4,312,057 4,443,212 131,155
Russell 2000 Index E-Mini Futures 58 Long Jun 2018 4,618,522 4,440,480 (178,042 )
S&P 500 Index E-Mini Futures 468 Long Jun 2018 64,710,882 61,846,200 (2,864,682 )
S&P Mid 400 Index E-Mini Futures 47 Long Jun 2018 9,124,412 8,850,570 (273,842 )
$(3,615,918 )

* Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

See Notes to Portfolio of Investments regarding investment transactions and other derivatives information.

Mid Cap Index Trust

      Shares or      
Principal
Amount Value
COMMON STOCKS – 96.9%
Consumer discretionary – 11.6%
Auto components – 0.9%
Cooper Tire & Rubber Company 42,766 $ 1,253,044
Dana, Inc. 122,271 3,149,701
Delphi Technologies PLC 74,602 3,554,785
Gentex Corp. 231,032 5,318,357
13,275,887
Automobiles – 0.3%
Thor Industries, Inc. 41,257 4,751,569
Distributors – 0.3%
Pool Corp. 34,009 4,972,796
Diversified consumer services – 0.8%
Adtalem Global Education, Inc. (A) 50,746 2,412,972
Graham Holdings Company, Class B 3,895 2,345,764
Service Corp. International 155,757 5,878,269
Sotheby’s (A) 31,359 1,609,030
12,246,035
Hotels, restaurants and leisure – 2.8%
Boyd Gaming Corp. (B) 69,145 2,202,960
Brinker International, Inc. (B) 39,019 1,408,586
Churchill Downs, Inc. 9,553 2,331,410
Cracker Barrel Old Country
       Store, Inc. (B) 20,209 3,217,273
Domino’s Pizza, Inc. 36,819 8,599,446
Dunkin’ Brands Group, Inc. (B) 69,252 4,133,652
ILG, Inc. 88,880 2,765,057
International Speedway Corp., Class A 20,626 909,607
Jack in the Box, Inc. 24,863 2,121,560
Papa John’s International, Inc. (B) 20,612 1,181,068
Scientific Games Corp. (A) 44,687 1,858,979
Six Flags Entertainment Corp. 66,200 4,121,612
Texas Roadhouse, Inc. 55,268 3,193,385
The Cheesecake Factory, Inc. (B) 35,938 1,732,930
The Wendy’s Company 151,169 2,653,016
42,430,541
Household durables – 1.5%
Helen of Troy, Ltd. (A) 22,704 1,975,248
KB Home 71,083 2,022,311
NVR, Inc. (A) 2,884 8,075,200
Tempur Sealy International, Inc. (A)(B) 38,875 1,760,649
Toll Brothers, Inc. 120,365 5,205,786
TRI Pointe Group, Inc. (A) 127,304   2,091,605
Tupperware Brands Corp. 43,035 2,082,033
23,212,832
Leisure products – 0.7%
Brunswick Corp. 73,713 4,377,815
Polaris Industries, Inc. (B) 49,372 5,654,081
10,031,896
Media – 1.5%
AMC Networks, Inc., Class A (A) 41,455 2,143,224
Cable One, Inc. 3,949 2,713,397
Cinemark Holdings, Inc. 89,228 3,361,219
John Wiley & Sons, Inc., Class A 37,381 2,381,170
Live Nation Entertainment, Inc. (A) 113,916 4,800,420
Meredith Corp. (B) 33,361 1,794,822
TEGNA, Inc. 181,513 2,067,433
The New York Times Company, Class A 107,706 2,595,715
21,857,400
Multiline retail – 0.2%
Big Lots, Inc. (B) 35,387 1,540,396
Dillard’s, Inc., Class A (B) 17,308 1,390,525
2,930,921
Specialty retail – 1.9%
Aaron’s, Inc. 51,918 2,419,379
American Eagle Outfitters, Inc. 141,810 2,826,273
AutoNation, Inc. (A) 50,249 2,350,648
Bed Bath & Beyond, Inc. 119,896 2,516,617
Dick’s Sporting Goods, Inc. 69,619 2,440,146
GameStop Corp., Class A (B) 85,289 1,076,347
Murphy USA, Inc. (A) 26,516 1,930,365
Office Depot, Inc. 433,444 931,905
Sally Beauty Holdings, Inc. (A) 105,323 1,732,563
Signet Jewelers, Ltd. 50,901 1,960,707
The Michaels Companies, Inc. (A) 93,081 1,834,627
Urban Outfitters, Inc. (A) 67,438 2,492,508
Williams-Sonoma, Inc. (B) 65,197 3,439,794
27,951,879
Textiles, apparel and luxury goods – 0.7%
Carter’s, Inc. 39,841 4,147,448
Deckers Outdoor Corp. (A) 26,741 2,407,492

181



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Textiles, apparel and luxury goods (continued)
Skechers U.S.A., Inc., Class A (A) 114,219 $ 4,441,977
10,996,917
174,658,673
Consumer staples – 3.3%
Beverages – 0.1%
The Boston Beer Company, Inc.,
       Class A (A) 7,421 1,402,940
Food and staples retailing – 0.5%
Casey’s General Stores, Inc. 31,610 3,469,830
Sprouts Farmers Market, Inc. (A) 104,189 2,445,316
United Natural Foods, Inc. (A) 42,432 1,822,030
7,737,176
Food products – 2.1%
Flowers Foods, Inc. 156,032 3,410,860
Ingredion, Inc. 60,815 7,840,270
Lamb Weston Holdings, Inc. 123,059 7,164,495
Lancaster Colony Corp. 16,409 2,020,604
Post Holdings, Inc. (A) 55,208 4,182,558
Sanderson Farms, Inc. 16,918 2,013,580
The Hain Celestial Group, Inc. (A) 87,487 2,805,708
Tootsie Roll Industries, Inc. (B) 16,347 481,412
TreeHouse Foods, Inc. (A) 47,547 1,819,624
31,739,111
Household products – 0.2%
Energizer Holdings, Inc. 50,249 2,993,835
Personal products – 0.4%
Edgewell Personal Care Company (A) 45,460 2,219,357
Nu Skin Enterprises, Inc., Class A 41,746 3,077,098
5,296,455
49,169,517
Energy – 4.1%
Energy equipment and services – 1.3%
Core Laboratories NV (B) 37,136 4,018,858
Diamond Offshore Drilling, Inc. (A)(B) 54,298 796,009
Dril-Quip, Inc. (A) 32,106 1,438,349
Ensco PLC, Class A (B) 367,079 1,611,477
Nabors Industries, Ltd. 265,647 1,856,873
Oceaneering International, Inc. 82,892 1,536,818
Patterson-UTI Energy, Inc. 187,140 3,276,821
Rowan Companies PLC, Class A (A) 95,673 1,104,066
Superior Energy Services, Inc. (A) 129,849 1,094,627
Transocean, Ltd. (A)(B) 367,037 3,633,666
20,367,564
Oil, gas and consumable fuels – 2.8%
Callon Petroleum Company (A) 169,923 2,249,781
Chesapeake Energy Corp. (A)(B) 765,479 2,311,747
CNX Resources Corp. (A) 169,541 2,616,018
Energen Corp. (A) 81,829 5,143,771
Gulfport Energy Corp. (A) 138,721 1,338,658
HollyFrontier Corp. 149,320 7,295,775
Matador Resources Company (A) 81,858 2,448,373
Murphy Oil Corp. 136,570 3,528,969
PBF Energy, Inc., Class A 93,173 3,158,565
QEP Resources, Inc. (A) 202,840 1,985,804
SM Energy Company 86,457 1,558,820
Southwestern Energy Company (A) 430,255 1,863,004
World Fuel Services Corp. 56,949 1,398,098
WPX Energy, Inc. (A) 335,243 4,954,892
41,852,275
62,219,839
Financials – 17.3%
Banks – 7.9%
Associated Banc-Corp 143,589   3,568,187
BancorpSouth Bank 70,754 2,249,977
Bank of Hawaii Corp. 35,633 2,961,102
Bank of the Ozarks 102,232 4,934,739
Cathay General Bancorp 64,195 2,566,516
Chemical Financial Corp. 60,027 3,282,276
Commerce Bancshares, Inc. 79,061 4,736,545
Cullen/Frost Bankers, Inc. 48,788 5,174,943
East West Bancorp, Inc. 121,689 7,610,430
First Horizon National Corp. 275,157 5,181,206
FNB Corp. 272,321 3,662,717
Fulton Financial Corp. 147,573 2,619,421
Hancock Holding Company 71,773 3,710,664
Home BancShares, Inc. 133,086 3,035,692
International Bancshares Corp. 45,630 1,775,007
MB Financial, Inc. 70,708 2,862,260
PacWest Bancorp 105,891 5,244,781
Pinnacle Financial Partners, Inc. 62,293 3,999,211
Prosperity Bancshares, Inc. 58,791 4,269,990
Signature Bank (A) 45,195 6,415,430
Sterling Bancorp 189,179 4,265,986
Synovus Financial Corp. 99,916 4,989,805
TCF Financial Corp. 143,931 3,283,066
Texas Capital Bancshares, Inc. (A) 41,801 3,757,910
Trustmark Corp. 57,095 1,779,080
UMB Financial Corp. 37,079 2,684,149
Umpqua Holdings Corp. 185,585 3,973,375
United Bankshares, Inc. 88,433 3,117,263
Valley National Bancorp 222,808 2,776,188
Webster Financial Corp. 77,547 4,296,104
Wintrust Financial Corp. 47,333 4,073,005
118,857,025
Capital markets – 4.0%
Eaton Vance Corp. 101,086 5,627,458
Evercore, Inc., Class A 37,036 3,229,539
FactSet Research Systems, Inc. 32,854 6,551,745
Federated Investors, Inc., Class B 79,917 2,669,228
Interactive Brokers Group, Inc., Class A 60,173 4,046,033
Janus Henderson Group PLC 151,853 5,024,816
Legg Mason, Inc. 71,173 2,893,182
MarketAxess Holdings, Inc. 31,643 6,880,454
MSCI, Inc. 75,723 11,318,317
SEI Investments Company 109,901 8,232,684
Stifel Financial Corp. 60,490 3,582,823
60,056,279
Consumer finance – 0.3%
SLM Corp. (A) 364,999 4,091,639
Insurance – 4.4%
Alleghany Corp. 12,957 7,961,299
American Financial Group, Inc. 58,067 6,516,279
Aspen Insurance Holdings, Ltd. 50,070 2,245,640
Brown & Brown, Inc. 192,582 4,899,286
CNO Financial Group, Inc. 140,490 3,044,418
First American Financial Corp. 93,215 5,469,856
Genworth Financial, Inc., Class A (A) 420,270 1,189,364
Kemper Corp. 41,160 2,346,120
Mercury General Corp. 30,745 1,410,273
Old Republic International Corp. 210,887 4,523,526
Primerica, Inc. 37,252 3,598,543
Reinsurance Group of America, Inc. 54,286 8,360,044
RenaissanceRe Holdings, Ltd. 33,696 4,667,233
The Hanover Insurance Group, Inc. 35,780 4,218,104

182



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Insurance (continued)
W.R. Berkley Corp. 80,836 $ 5,876,777
66,326,762
Thrifts and mortgage finance – 0.7%
LendingTree, Inc. (A) 6,494 2,131,006
New York Community Bancorp, Inc. 412,704 5,377,533
Washington Federal, Inc. 72,708 2,515,697
10,024,236
259,355,941
Health care – 7.9%
Biotechnology – 0.3%
United Therapeutics Corp. (A) 36,403 4,090,241
Health care equipment and supplies – 3.8%
ABIOMED, Inc. (A) 35,413 10,304,829
Cantel Medical Corp. 29,917 3,333,053
Globus Medical, Inc., Class A (A) 61,028 3,040,415
Halyard Health, Inc. (A) 39,501 1,820,206
Hill-Rom Holdings, Inc. 55,711 4,846,857
ICU Medical, Inc. (A) 12,711 3,208,256
LivaNova PLC (A) 36,594 3,238,569
Masimo Corp. (A) 39,994 3,517,472
NuVasive, Inc. (A) 43,153 2,253,018
STERIS PLC 71,432 6,668,892
Teleflex, Inc. 37,926 9,670,371
West Pharmaceutical Services, Inc. 62,288 5,499,408
57,401,346
Health care providers and services – 1.8%
Acadia Healthcare Company, Inc. (A) 68,862 2,698,013
Encompass Health Corp. 82,622 4,723,500
LifePoint Health, Inc. (A) 32,815 1,542,305
MEDNAX, Inc. (A) 78,966 4,392,879
Molina Healthcare, Inc. (A) 38,718 3,143,127
Patterson Companies, Inc. 68,655 1,526,201
Tenet Healthcare Corp. (A) 68,097 1,651,352
WellCare Health Plans, Inc. (A) 37,488 7,258,801
26,936,178
Health care technology – 0.3%
Allscripts Healthcare Solutions, Inc. (A) 152,256 1,880,362
Medidata Solutions, Inc. (A) 49,868 3,132,209
5,012,571
Life sciences tools and services – 1.0%
Bio-Rad Laboratories, Inc., Class A (A) 17,018 4,255,861
Bio-Techne Corp. 31,549 4,765,161
Charles River Laboratories
       International, Inc. (A) 39,930 4,262,128
Syneos Health, Inc. (A) 47,437 1,684,014
14,967,164
Pharmaceuticals – 0.7%
Akorn, Inc. (A) 79,090 1,479,774
Catalent, Inc. (A) 112,240 4,608,574
Endo International PLC (A) 169,225 1,005,197
Mallinckrodt PLC (A) 72,697 1,052,653
Prestige Brands Holdings, Inc. (A) 44,653 1,505,699
9,651,897
118,059,397
Industrials – 15.0%
Aerospace and defense – 1.4%
Curtiss-Wright Corp. 37,174 5,021,092
Esterline Technologies Corp. (A) 22,020 1,610,763
KLX, Inc. (A) 42,402 3,013,086
Orbital ATK, Inc. 48,659 6,452,670
Teledyne Technologies, Inc. (A) 30,053 5,625,020
21,722,631
Airlines – 0.4%
JetBlue Airways Corp. (A) 270,969 5,506,090
Building products – 0.4%
Lennox International, Inc. 31,652 6,468,719
Commercial services and supplies – 2.0%
Clean Harbors, Inc. (A) 43,291 2,113,034
Copart, Inc. (A) 169,922 8,654,127
Deluxe Corp. 40,347 2,986,081
Healthcare Services Group, Inc. 62,029 2,697,021
Herman Miller, Inc. 50,235 1,605,008
HNI Corp. 36,408 1,313,965
MSA Safety, Inc. 28,642 2,384,160
Pitney Bowes, Inc. 157,247 1,712,420
Rollins, Inc. 80,832 4,124,857
The Brink’s Company 42,578 3,037,940
30,628,613
Construction and engineering – 1.2%
AECOM (A) 134,002 4,774,491
Dycom Industries, Inc. (A) 26,257 2,826,041
EMCOR Group, Inc. 49,143 3,829,714
Granite Construction, Inc. 33,583 1,875,946
KBR, Inc. 118,090 1,911,877
Valmont Industries, Inc. 19,105 2,795,062
18,013,131
Electrical equipment – 0.7%
EnerSys 35,283 2,447,582
Hubbell, Inc. 46,053 5,608,334
Regal Beloit Corp. 37,312 2,736,835
10,792,751
Industrial conglomerates – 0.4%
Carlisle Companies, Inc. 52,019 5,431,304
Machinery – 4.9%
AGCO Corp. 55,586 3,604,752
Crane Company 42,682 3,958,329
Donaldson Company, Inc. 109,365 4,926,893
Graco, Inc. 142,651 6,522,004
IDEX Corp. 64,434 9,182,489
ITT, Inc. 74,086 3,628,732
Kennametal, Inc. 68,675 2,757,988
Lincoln Electric Holdings, Inc. 51,950 4,672,903
Nordson Corp. 42,950 5,855,803
Oshkosh Corp. 62,843 4,855,879
Terex Corp. 64,783 2,423,532
The Timken Company 57,700 2,631,120
The Toro Company 90,245 5,635,800
Trinity Industries, Inc. 126,976 4,143,227
Wabtec Corp. (B) 71,999 5,860,719
Woodward, Inc. 46,426 3,326,887
73,987,057
Marine – 0.2%
Kirby Corp. (A) 45,232 3,480,602
Professional services – 0.7%
ManpowerGroup, Inc. 55,700 6,411,070
The Dun & Bradstreet Corp. 31,146 3,644,082
10,055,152
Road and rail – 1.9%
Avis Budget Group, Inc. (A)(B) 59,974 2,809,182
Genesee & Wyoming, Inc., Class A (A) 52,154 3,691,982
Knight-Swift Transportation
       Holdings, Inc. 108,011 4,969,586

183



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Road and rail (continued)
Landstar System, Inc. 35,352 $ 3,876,347
Old Dominion Freight Line, Inc. 57,562 8,459,887
Ryder System, Inc. 44,601 3,246,507
Werner Enterprises, Inc. 37,818 1,380,357
28,433,848
Trading companies and distributors – 0.8%
GATX Corp. (B) 31,992 2,191,132
MSC Industrial Direct Company, Inc.,
       Class A 37,931 3,478,652
NOW, Inc. (A)(B) 90,644 926,382
Watsco, Inc. 26,945 4,876,237
11,472,403
225,992,301
Information technology – 17.0%
Communications equipment – 1.1%
ARRIS International PLC (A) 146,593 3,894,976
Ciena Corp. (A) 121,501 3,146,876
InterDigital, Inc. 29,152 2,145,587
NetScout Systems, Inc. (A) 73,469 1,935,908
Plantronics, Inc. 27,846 1,681,063
ViaSat, Inc. (A)(B) 46,105 3,030,021
15,834,431
Electronic equipment, instruments and components – 4.6%
Arrow Electronics, Inc. (A) 73,842 5,687,311
Avnet, Inc. 100,980 4,216,925
Belden, Inc. 35,301 2,433,651
Cognex Corp. 146,110 7,596,259
Coherent, Inc. (A) 20,895 3,915,723
Jabil, Inc. 147,529 4,238,508
Keysight Technologies, Inc. (A) 159,959 8,380,252
Knowles Corp. (A) 75,276 947,725
Littelfuse, Inc. 20,904 4,351,795
National Instruments Corp. 90,577 4,580,479
SYNNEX Corp. 24,648 2,918,323
Tech Data Corp. (A) 29,230 2,488,350
Trimble, Inc. (A) 209,012 7,499,351
VeriFone Systems, Inc. (A) 92,904 1,428,864
Vishay Intertechnology, Inc. 111,136 2,067,130
Zebra Technologies Corp., Class A (A) 44,830 6,239,874
68,990,520
Internet software and services – 0.7%
Cars.com, Inc. (A) 60,256 1,707,052
j2 Global, Inc. 41,333 3,262,000
LogMeIn, Inc. 44,141 5,100,493
10,069,545
IT services – 3.8%
Acxiom Corp. (A) 66,671 1,514,098
Broadridge Financial Solutions, Inc. 98,209 10,772,545
Convergys Corp. 77,132 1,744,726
CoreLogic, Inc. (A) 68,602 3,102,868
DST Systems, Inc. 49,899 4,174,051
Jack Henry & Associates, Inc. 65,046 7,867,314
Leidos Holdings, Inc. 119,861 7,838,909
MAXIMUS, Inc. 54,910 3,664,693
Sabre Corp. 175,591 3,766,427
Science Applications International Corp. 36,004 2,837,115
Teradata Corp. (A) 102,710 4,074,506
WEX, Inc. (A) 33,692 5,276,841
56,634,093
Semiconductors and semiconductor equipment – 3.3%
Cirrus Logic, Inc. (A) 53,347 2,167,489
Cree, Inc. (A) 82,619 3,330,372
Cypress Semiconductor Corp. 298,860 5,068,666
First Solar, Inc. (A) 68,606 4,869,654
Integrated Device Technology, Inc. (A) 111,414 3,404,812
Microsemi Corp. (A) 99,001 6,407,345
MKS Instruments, Inc. 45,873 5,305,212
Monolithic Power Systems, Inc. 32,633 3,777,922
Silicon Laboratories, Inc. (A) 35,956 3,232,444
Synaptics, Inc. (A) 29,044 1,328,182
Teradyne, Inc. 164,524 7,520,392
Versum Materials, Inc. 91,711 3,451,085
49,863,575
Software – 3.2%
ACI Worldwide, Inc. (A) 97,579 2,314,574
Blackbaud, Inc. 40,476 4,120,862
CDK Global, Inc. 106,486 6,744,823
CommVault Systems, Inc. (A) 35,188 2,012,754
Fair Isaac Corp. (A) 25,318 4,288,110
Fortinet, Inc. (A) 121,653 6,518,168
Manhattan Associates, Inc. (A) 57,223 2,396,499
PTC, Inc. (A) 97,898 7,637,023
The Ultimate Software Group, Inc. (A) 24,452 5,958,952
Tyler Technologies, Inc. (A) 29,675 6,260,238
48,252,003
Technology hardware, storage and peripherals – 0.3%
3D Systems Corp. (A)(B) 95,859 1,111,006
Diebold Nixdorf, Inc. (B) 63,933 984,568
NCR Corp. (A) 99,679 3,141,882
5,237,456
254,881,623
Materials – 6.8%
Chemicals – 2.7%
Ashland Global Holdings, Inc. 52,390 3,656,298
Cabot Corp. 52,034 2,899,334
Minerals Technologies, Inc. 29,832 1,997,252
NewMarket Corp. 7,735 3,106,995
Olin Corp. 140,679 4,275,235
PolyOne Corp. 68,099 2,895,569
RPM International, Inc. 112,532 5,364,400
Sensient Technologies Corp. 36,336 2,564,595
The Chemours Company 155,886 7,593,207
The Scotts Miracle-Gro Company 33,546 2,876,570
Valvoline, Inc. 168,433 3,727,422
40,956,877
Construction materials – 0.3%
Eagle Materials, Inc. 40,937 4,218,558
Containers and packaging – 1.2%
AptarGroup, Inc. 52,291 4,697,301
Bemis Company, Inc. 76,591 3,333,240
Greif, Inc., Class A 21,822 1,140,200
Owens-Illinois, Inc. (A) 137,318 2,974,308
Silgan Holdings, Inc. 62,264 1,734,052
Sonoco Products Company 83,757 4,062,215
17,941,316
Metals and mining – 2.2%
Allegheny Technologies, Inc. (A) 105,792 2,505,155
Carpenter Technology Corp. 39,498 1,742,652
Commercial Metals Company 98,191 2,008,988
Compass Minerals International, Inc. (B) 28,483 1,717,525
Reliance Steel & Aluminum Company 61,315 5,257,148
Royal Gold, Inc. 55,105 4,731,866
Steel Dynamics, Inc. 198,745 8,788,504
United States Steel Corp. 148,074 5,210,724

184



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Metals and mining (continued)
Worthington Industries, Inc. 36,817 $ 1,580,186
33,542,748
Paper and forest products – 0.4%
Domtar Corp. 52,781 2,245,304
Louisiana-Pacific Corp. 122,032 3,510,861
5,756,165
102,415,664
Real estate – 8.5%
Equity real estate investment trusts – 8.1%
Alexander & Baldwin, Inc. 56,942 1,317,068
American Campus Communities, Inc. 114,913 4,437,940
Camden Property Trust 78,013 6,567,134
CoreCivic, Inc. 99,514 1,942,513
CoreSite Realty Corp. 28,829 2,890,396
Corporate Office Properties Trust 85,270 2,202,524
Cousins Properties, Inc. 353,588 3,069,144
CyrusOne, Inc. 80,927 4,144,272
DCT Industrial Trust, Inc. 78,891 4,444,719
Douglas Emmett, Inc. 134,190 4,932,824
Education Realty Trust, Inc. 63,798 2,089,385
EPR Properties 54,433 3,015,588
First Industrial Realty Trust, Inc. 101,168 2,957,141
Healthcare Realty Trust, Inc. 105,143 2,913,513
Highwoods Properties, Inc. 86,954 3,810,324
Hospitality Properties Trust 138,363 3,506,118
JBG SMITH Properties 78,614 2,650,078
Kilroy Realty Corp. 83,112 5,897,628
Lamar Advertising Company, Class A 70,582 4,493,250
LaSalle Hotel Properties 95,318 2,765,175
Liberty Property Trust 124,146 4,932,321
Life Storage, Inc. 39,161 3,270,727
Mack-Cali Realty Corp. 75,887 1,268,072
Medical Properties Trust, Inc. 307,032 3,991,416
National Retail Properties, Inc. 129,564 5,086,683
Omega Healthcare Investors, Inc. 167,190 4,520,818
PotlatchDeltic Corp. 50,604 2,633,938
Quality Care Properties, Inc. (A) 78,978 1,534,543
Rayonier, Inc. 108,674 3,823,151
Sabra Health Care REIT, Inc. 150,051 2,648,400
Senior Housing Properties Trust 200,057 3,132,893
Tanger Factory Outlet Centers, Inc. 79,590 1,750,980
Taubman Centers, Inc. 51,278 2,918,231
The GEO Group, Inc. 104,421 2,137,498
Uniti Group, Inc. 138,845 2,256,231
Urban Edge Properties 89,112 1,902,541
Washington Prime Group, Inc. 156,392 1,043,135
Weingarten Realty Investors 100,568 2,823,949
121,722,261
Real estate management and development – 0.4%
Jones Lang LaSalle, Inc. 38,229 6,676,313
128,398,574
Telecommunication services – 0.1%
Wireless telecommunication services – 0.1%
Telephone & Data Systems, Inc. 77,821 2,181,323
Utilities – 5.3%
Electric utilities – 2.0%
ALLETE, Inc. 42,818 3,093,601
Great Plains Energy, Inc. 181,559 5,771,761
Hawaiian Electric Industries, Inc. 91,632 3,150,308
IDACORP, Inc. 42,423 3,744,678
OGE Energy Corp. 168,128 5,509,555
PNM Resources, Inc. 67,060 2,565,045
Westar Energy, Inc. 119,744 6,297,337
30,132,285
Gas utilities – 2.0%
Atmos Energy Corp. 93,414 7,869,195
National Fuel Gas Company 72,236 3,716,542
New Jersey Resources Corp. 73,745 2,957,175
ONE Gas, Inc. 44,005 2,905,210
Southwest Gas Holdings, Inc. 40,544 2,741,991
UGI Corp. 145,658 6,470,128
WGL Holdings, Inc. 43,239 3,616,942
30,277,183
Multi-utilities – 0.9%
Black Hills Corp. 45,079 2,447,790
MDU Resources Group, Inc. 164,424 4,630,180
NorthWestern Corp. 41,587 2,237,381
Vectren Corp. 69,910 4,468,647
13,783,998
Water utilities – 0.4%
Aqua America, Inc. 149,646 5,096,943
79,290,409
TOTAL COMMON STOCKS (Cost $1,173,153,858) $ 1,456,623,261
 
RIGHTS – 0.0%
Community Health Systems, Inc. (A)(C) 137,366 1,552
TOTAL RIGHTS (Cost $8,929) $ 1,552
 
SECURITIES LENDING COLLATERAL – 3.3%
John Hancock Collateral Trust,
       1.8276% (D)(E) 4,919,742 49,206,277
TOTAL SECURITIES LENDING COLLATERAL (Cost
$49,213,833) $ 49,206,277
 
SHORT-TERM INVESTMENTS – 3.0%
U.S. Government Agency – 2.3%
Federal Home Loan Bank Discount Note
       1.470%, 04/04/2018 * $ 10,000,000 9,999,080
       1.520%, 04/02/2018 * 10,000,000 10,000,000
       1.530%, 04/05/2018 * 10,000,000 9,998,620
       1.660%, 04/10/2018 * 5,000,000 4,998,155
34,995,855
Repurchase agreement – 0.7%
Repurchase Agreement with State Street
       Corp. dated 3-29-18 at 0.740% to be
       repurchased at $10,400,855 on 4-2-18,
       collateralized by $11,085,000
       U.S. Treasury Notes, 2.000% due
       2-15-25 (valued at $10,610,374,
       including interest) 10,400,000 10,400,000
TOTAL SHORT-TERM INVESTMENTS (Cost $45,394,578) $ 45,395,855
Total Investments (Mid Cap Index Trust)
       (Cost $1,267,771,198) – 103.2% $ 1,551,226,945
Other assets and liabilities, net – (3.2%) (47,908,848 )
TOTAL NET ASSETS – 100.0% $ 1,503,318,097

Security Abbreviations and Legend

(A)         Non-income producing security.
(B) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $48,088,093.
(C) Strike price and/or expiration date not available.
(D) The rate shown is the annualized seven-day yield as of 3-31-18.
(E) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

185



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)

*         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.

DERIVATIVES

FUTURES

                                    Unrealized
Number of Expiration Notional Notional appreciation
Open contracts contracts Position date basis* value* (depreciation)
S&P Mid 400 Index E-Mini Futures 267 Long Jun 2018 $51,255,744 $50,278,770 $(976,974 )
$(976,974 )

* Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

See Notes to Portfolio of Investments regarding investment transactions and other derivatives information.

Mid Cap Stock Trust

      Shares or      
Principal
Amount Value
COMMON STOCKS – 90.4%
Consumer discretionary – 24.0%
Diversified consumer services – 0.0%
The Honest Company, Inc. (A)(B)(C) 28,542 $ 361,342
Hotels, restaurants and leisure – 11.0%
Hilton Grand Vacations, Inc. (C) 176,920 7,611,098
Hilton Worldwide Holdings, Inc. 268,133 21,118,155
Marriott Vacations Worldwide Corp. 53,433 7,117,276
Melco Resorts &
       Entertainment, Ltd., ADR 410,614 11,899,594
MGM Resorts International 214,197 7,501,179
Planet Fitness, Inc., Class A (C) 353,324 13,345,047
Vail Resorts, Inc. 62,724 13,905,911
82,498,260
Household durables – 0.8%
Mohawk Industries, Inc. (C) 27,476 6,380,477
Internet and direct marketing retail – 3.4%
Shutterfly, Inc. (C) 102,995 8,368,344
TripAdvisor, Inc. (C)(D) 98,300 4,019,487
Wayfair, Inc., Class A (C)(D) 189,800 12,817,194
25,205,025
Leisure products – 1.1%
Polaris Industries, Inc. (D) 69,105 7,913,905
Media – 0.8%
Liberty Media Corp.-Liberty Formula
       One, Series C (C) 197,186 6,083,188
Multiline retail – 3.4%
Dollar Tree, Inc. (C) 265,590 25,204,491
Specialty retail – 1.4%
Floor & Decor Holdings, Inc.,
       Class A (C)(D) 186,948 9,743,730
Jand, Inc., Class A (A)(B)(C) 25,303 397,687
10,141,417
Textiles, apparel and luxury goods – 2.1%
Skechers U.S.A., Inc., Class A (C) 150,340 5,846,723
Under Armour, Inc., Class A (C)(D) 370,805 6,062,662
Under Armour, Inc., Class C (C)(D) 276,395 3,966,268
15,875,653
179,663,758
Energy – 1.7%
Oil, gas and consumable fuels – 1.7%
Newfield Exploration Company (C) 209,089 5,105,953
WPX Energy, Inc. (C) 516,422 7,632,717
12,738,670
Financials – 4.1%
Banks – 1.0%
SunTrust Banks, Inc. 117,425 7,989,597
Capital markets – 3.1%
TD Ameritrade Holding Corp. 387,566 22,955,534
30,945,131
Health care – 16.6%
Biotechnology – 4.6%
Exact Sciences Corp. (C)(D) 373,589 15,066,844
Ionis Pharmaceuticals, Inc. (C) 166,739 7,349,855
Sage Therapeutics, Inc. (C) 32,653 5,259,419
Seattle Genetics, Inc. (C) 76,212 3,988,936
Spark Therapeutics, Inc. (C) 37,785 2,516,103
34,181,157
Health care equipment and supplies – 9.5%
Align Technology, Inc. (C) 62,107 15,596,931
DexCom, Inc. (C) 150,024 11,125,780
Edwards Lifesciences Corp. (C) 109,015 15,209,773
Hologic, Inc. (C) 201,573 7,530,767
Insulet Corp. (C) 249,708 21,644,689
71,107,940
Health care technology – 1.1%
Veeva Systems, Inc., Class A (C) 117,102 8,550,788
Pharmaceuticals – 1.4%
Eisai Company, Ltd. 61,800 3,979,089
Nektar Therapeutics (C) 18,953 2,013,946
Ono Pharmaceutical Company, Ltd. 138,550 4,408,214
10,401,249
124,241,134
Industrials – 14.0%
Aerospace and defense – 1.3%
Harris Corp. 59,509 9,597,612
Airlines – 1.8%
JetBlue Airways Corp. (C) 647,181 13,150,718
Commercial services and supplies – 1.1%
The Brink’s Company 115,279 8,225,157
Electrical equipment – 1.7%
Rockwell Automation, Inc. 71,594 12,471,675
Machinery – 2.9%
IDEX Corp. 99,595 14,193,283
The Middleby Corp. (C) 63,495 7,860,046
22,053,329

186



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Mid Cap Stock Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Professional services – 3.1%
CoStar Group, Inc. (C) 63,436 $ 23,006,968
Road and rail – 2.1%
J.B. Hunt Transport Services, Inc. 73,508 8,611,462
Knight-Swift Transportation
       Holdings, Inc. 162,856 7,493,005
16,104,467
104,609,926
Information technology – 26.0%
Electronic equipment, instruments and components – 3.9%
II-VI, Inc. (C) 201,429 8,238,446
IPG Photonics Corp. (C) 35,731 8,338,901
Zebra Technologies Corp., Class A (C) 89,800 12,499,262
29,076,609
Internet software and services – 3.0%
GoDaddy, Inc., Class A (C) 245,030 15,049,743
Zillow Group, Inc., Class C (C)(D) 135,655 7,298,239
22,347,982
IT services – 0.5%
Global Payments, Inc. 33,547 3,741,161
Semiconductors and semiconductor equipment – 5.8%
Advanced Micro Devices, Inc. (C)(D) 862,010 8,663,201
Microchip Technology, Inc. (D) 259,677 23,724,091
Teradyne, Inc. 239,532 10,949,008
43,336,300
Software – 12.8%
Birst, Inc. (B)(C) 328,201 62,358
DraftKings, Inc. (A)(B)(C) 933,549 1,334,975
Fair Isaac Corp. (C) 48,002 8,130,099
Guidewire Software, Inc. (C) 276,116 22,318,456
ServiceNow, Inc. (C) 201,475 33,334,037
Workday, Inc., Class A (C) 238,784 30,351,834
95,531,759
194,033,811
Materials – 3.2%
Construction materials – 0.9%
Vulcan Materials Company 58,313 6,657,595
Containers and packaging – 2.3%
International Paper Company 184,834 9,875,681
Packaging Corp. of America 67,391 7,594,966
17,470,647
24,128,242
Real estate – 0.8%
Real estate management and development – 0.8%
WeWork Companies, Inc.,
       Class A (A)(B)(C) 6,615 342,723
Willscot Corp. (C)(D) 390,144 5,325,466
5,668,189
TOTAL COMMON STOCKS (Cost $556,796,504) $ 676,028,861
 
PREFERRED SECURITIES – 5.7%
Consumer discretionary – 1.1%
Diversified consumer services – 0.3%
The Honest Company, Inc. (A)(B)(C) 66,598 2,083,851
Internet and direct marketing retail – 0.7%
Coupang LLC (A)(B)(C) 1,034,250 5,109,195
One Kings Lane, Inc. (B)(C) 302,694 48,431
5,157,626
Specialty retail – 0.1%
Jand, Inc., Series D (A)(B)(C) 56,502 888,042
8,129,519
Information technology – 3.5%
Internet software and services – 1.8%
Lookout, Inc., Series F (A)(B)(C) 185,829 1,594,413
Uber Technologies, Inc. (A)(B)(C) 360,843 11,896,597
13,491,010
Software – 1.7%
Essence Group Holdings Corp. (A)(B)(C) 1,459,559 2,948,309
MarkLogic Corp., Series F (A)(B)(C) 222,196 2,381,941
Pinterest, Inc., Series G (A)(B)(C) 292,090 2,211,121
Zuora, Inc., Series F (A)(B)(C) 715,736 4,902,792
12,444,163
25,935,173
Real estate – 1.1%
Real estate management and development – 1.1%
WeWork Companies, Inc.,
       Series D1 (A)(B)(C) 90,446 4,686,007
WeWork Companies, Inc.,
       Series D2 (A)(B)(C) 71,065 3,681,878
8,367,885
TOTAL PREFERRED SECURITIES (Cost $25,785,381) $ 42,432,577
         
WARRANTS – 0.1%
Willscot Corp. (Expiration
       Date: 10-16-20; Strike Price:
       $11.50) (C) 390,144 651,540
TOTAL WARRANTS (Cost $335,524) $ 651,540
 
SECURITIES LENDING COLLATERAL – 8.8%
John Hancock Collateral Trust,
       1.8276% (E)(F) 6,573,721 65,749,044
TOTAL SECURITIES LENDING COLLATERAL (Cost
$65,756,147) $ 65,749,044
 
SHORT-TERM INVESTMENTS – 3.6%
Repurchase agreement – 3.6%
Deutsche Bank Tri-Party Repurchase
       Agreement dated 3-29-18 at 1.810%
       to be repurchased at $27,405,510 on
       4-2-18, collateralized by $25,934,098
       Federal Home Loan Mortgage Corp.,
       3.000% - 4.000% due 6-1-34 to
       4-1-47 (valued at $26,091,209,
       including interest) and $1,797,139
       Federal National Mortgage
       Association, 4.000% due 7-1-47
       (valued at $1,856,792,
       including interest) $ 27,400,000 27,400,000
TOTAL SHORT-TERM INVESTMENTS (Cost $27,400,000) $ 27,400,000
Total Investments (Mid Cap Stock Trust)
       (Cost $676,073,556) – 108.6% $ 812,262,022
Other assets and liabilities, net – (8.6%) (64,317,007 )
TOTAL NET ASSETS – 100.0% $ 747,945,015

Security Abbreviations and Legend

ADR         American Depositary Receipt
(A) 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.

187



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Mid Cap Stock Trust (continued)

(B)         Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(C) Non-income producing security.
(D) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $63,516,148.
(E) The rate shown is the annualized seven-day yield as of 3-31-18.
(F) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

Mid Value Trust

      Shares or      
Principal
Amount Value
COMMON STOCKS – 95.3%
Consumer discretionary – 6.0%
Diversified consumer services – 0.8%
Strayer Education, Inc. 60,679 $ 6,131,613
Leisure products – 0.6%
Mattel, Inc. (A) 358,900 4,719,535
Media – 2.8%
News Corp., Class A 698,800 11,041,040
Scholastic Corp. 46,424 1,803,108
Viacom, Inc., Class B 285,400 8,864,524
21,708,672
Specialty retail – 1.0%
Chico’s FAS, Inc. 100,672 910,075
The Gap, Inc. 18,500 577,200
Tiffany & Company 61,414 5,997,691
7,484,966
Textiles, apparel and luxury goods – 0.8%
Ralph Lauren Corp. 56,032 6,264,378
46,309,164
Consumer staples – 10.2%
Beverages – 1.5%
Carlsberg A/S, Class B 94,034 11,227,148
Food and staples retailing – 2.1%
Sysco Corp. 94,000 5,636,240
The Kroger Company 459,500 11,000,430
16,636,670
Food products – 5.6%
Archer-Daniels-Midland Company 196,700 8,530,879
Bunge, Ltd. 267,564 19,783,682
Flowers Foods, Inc. 494,072 10,800,414
General Mills, Inc. 75,300 3,393,018
Hostess Brands, Inc. (B) 47,127 697,008
43,205,001
Personal products – 1.0%
Edgewell Personal Care Company (B) 163,492 7,981,679
79,050,498
Energy – 9.9%
Energy equipment and services – 1.0%
Frank’s International NV (A) 296,798 1,611,613
SEACOR Holdings, Inc. (B) 44,069 2,251,926
SEACOR Marine Holdings, Inc. (B) 97,285 1,850,361
Tidewater, Inc. (B) 59,600 1,705,156
7,419,056
Oil, gas and consumable fuels – 8.9%
Apache Corp. 265,000 10,197,200
ARC Resources, Ltd. 292,900 3,191,925
Cameco Corp. 604,100 5,491,269
Canadian Natural Resources, Ltd. 20,425 642,775
Dorian LPG, Ltd. (B) 10,722 80,308
EQT Corp. 337,695 16,043,889
Hess Corp. 366,983 18,576,679
Imperial Oil, Ltd. 238,400 6,317,600
Murphy Oil Corp. 338,788 8,754,282
69,295,927
76,714,983
Financials – 20.8%
Banks – 3.6%
Fifth Third Bancorp 509,910 16,189,643
First Horizon National Corp. 72,211 1,359,733
Popular, Inc. 124,500 5,181,690
Westamerica Bancorporation (A) 97,400 5,656,992
28,388,058
Capital markets – 2.4%
Lazard, Ltd., Class A 111,200 5,844,672
Northern Trust Corp. 115,800 11,942,454
Waddell & Reed Financial, Inc.,
       Class A (A) 44,200 893,282
18,680,408
Consumer finance – 2.1%
Ally Financial, Inc. 191,141 5,189,478
Synchrony Financial 321,995 10,796,492
15,985,970
Diversified financial services – 3.9%
Groupe Bruxelles Lambert SA 17,777 2,033,215
Leucadia National Corp. 692,467 15,739,775
Pargesa Holding SA 42,475 3,768,753
Voya Financial, Inc. 178,100 8,994,050
30,535,793
Insurance – 8.2%
Axis Capital Holdings, Ltd. 67,800 3,903,246
Brighthouse Financial, Inc. (B) 39,300 2,020,020
Brown & Brown, Inc. 319,658 8,132,100
CNA Financial Corp. 167,369 8,259,660
Kemper Corp. 91,625 5,222,625
Loews Corp. 242,688 12,068,874
Marsh & McLennan Companies, Inc. 95,900 7,920,381
The Progressive Corp. 94,528 5,759,591
Validus Holdings, Ltd. 10,700 721,715
White Mountains Insurance Group, Ltd. 11,428 9,399,759
63,407,971
Thrifts and mortgage finance – 0.6%
Capitol Federal Financial, Inc. 354,998 4,384,225
161,382,425
Health care – 13.1%
Biotechnology – 1.7%
Alkermes PLC (B) 143,205 8,300,162
Seattle Genetics, Inc. (B) 101,049 5,288,905
13,589,067
Health care equipment and supplies – 4.4%
Baxter International, Inc. 206,324 13,419,313
DexCom, Inc. (A)(B) 58,100 4,308,696
Halyard Health, Inc. (B) 10,141 467,297
Hologic, Inc. (B) 246,193 9,197,770
Zimmer Biomet Holdings, Inc. 59,100 6,444,264
33,837,340
Health care providers and services – 3.8%
Cardinal Health, Inc. 38,000 2,381,840
Henry Schein, Inc. (A)(B) 63,200 4,247,672
MEDNAX, Inc. (B) 96,058 5,343,707
Patterson Companies, Inc. 294,400 6,544,512

188



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Mid Value Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Health care providers and services (continued)
Select Medical Holdings Corp. (B) 651,588 $ 11,239,893
29,757,624
Pharmaceuticals – 3.2%
Mylan NV (B) 51,200 2,107,904
Perrigo Company PLC 152,400 12,701,016
Teva Pharmaceutical Industries, Ltd.,
       ADR (A) 126,500 2,161,885
Zoetis, Inc. 91,140 7,611,101
24,581,906
101,765,937
Industrials – 9.7%
Aerospace and defense – 3.3%
Cobham PLC (B) 1,733,355 2,986,938
Textron, Inc. 383,435 22,611,162
25,598,100
Air freight and logistics – 3.3%
C.H. Robinson Worldwide, Inc. 208,241 19,514,264
Expeditors International of
       Washington, Inc. 96,300 6,095,790
25,610,054
Commercial services and supplies – 0.7%
Cintas Corp. 32,140 5,482,441
Machinery – 1.8%
AGCO Corp. 38,500 2,496,725
Wabtec Corp. (A) 22,912 1,865,037
Xylem, Inc. 127,600 9,814,992
14,176,754
Road and rail – 0.6%
Kansas City Southern 41,000 4,503,850
75,371,199
Information technology – 2.6%
Electronic equipment, instruments and components – 1.3%
AVX Corp. 267,486 4,426,893
National Instruments Corp. 117,200 5,926,804
10,353,697
Semiconductors and semiconductor equipment – 1.3%
Marvell Technology Group, Ltd. 484,583 10,176,243
20,529,940
Materials – 7.6%
Chemicals – 0.7%
CF Industries Holdings, Inc. 28,946 1,092,133
FMC Corp. 51,909 3,974,672
The Mosaic Company 6,600 160,248
5,227,053
Construction materials – 1.3%
Vulcan Materials Company 88,507 10,104,844
Containers and packaging – 0.3%
WestRock Company 28,634 1,837,444
Metals and mining – 5.3%
Barrick Gold Corp. 249,400 3,105,030
Cia de Minas Buenaventura SAA, ADR 186,600 2,841,918
Franco-Nevada Corp. 151,913 10,364,538
Newmont Mining Corp. 462,573 18,072,727
Nucor Corp. 115,300 7,043,677
41,427,890
58,597,231
Real estate – 8.4%
Equity real estate investment trusts – 6.9%
Equity Commonwealth (B) 364,562 11,181,117
Equity Residential 148,200 9,132,084
Forest City Realty Trust, Inc., Class A 96,900 1,963,194
Rayonier, Inc. 499,300 17,565,375
Regency Centers Corp. 80,634 4,755,793
Taubman Centers, Inc. 28,737 1,635,423
Weyerhaeuser Company 201,419 7,049,665
53,282,651
Real estate management and development – 1.5%
Realogy Holdings Corp. (A) 364,600 9,946,288
The St. Joe Company (B) 116,041 2,187,373
12,133,661
65,416,312
Telecommunication services – 0.3%
Wireless telecommunication services – 0.3%
Telephone & Data Systems, Inc. 90,236 2,529,315
Utilities – 6.7%
Electric utilities – 4.6%
Entergy Corp. 49,981 3,937,503
FirstEnergy Corp. 600,372 20,418,652
PG&E Corp. 250,000 10,982,500
35,338,655
Independent power and renewable electricity producers –
1.8%
NRG Energy, Inc. 293,700 8,966,661
Vistra Energy Corp. (B) 246,500 5,134,595
14,101,256
Multi-utilities – 0.3%
SCANA Corp. 63,000 2,365,650
51,805,561
TOTAL COMMON STOCKS (Cost $615,748,542) $ 739,472,565
 
PREFERRED SECURITIES – 0.2%
Consumer staples – 0.2%
Food products – 0.2%
Bunge, Ltd., 4.875% 18,222 1,985,651
TOTAL PREFERRED SECURITIES (Cost $2,064,626) $ 1,985,651
 
SECURITIES LENDING COLLATERAL – 2.9%
John Hancock Collateral Trust,
       1.8276% (C)(D) 2,239,859 22,402,626
TOTAL SECURITIES LENDING COLLATERAL (Cost
$22,406,094) $ 22,402,626
 
SHORT-TERM INVESTMENTS – 4.1%
Money market funds – 4.1%
State Street Institutional U.S. Government
Money Market Fund, Premier Class,
       1.5812% (C) 2,057,457 2,057,457
T. Rowe Price Government Money Fund,
       1.8418% (C) 30,071,107 30,071,107
32,128,564
TOTAL SHORT-TERM INVESTMENTS (Cost $32,128,564) $ 32,128,564
Total Investments (Mid Value Trust)
       (Cost $672,347,826) – 102.5% $ 795,989,406
Other assets and liabilities, net – (2.5%) (19,698,323 )
TOTAL NET ASSETS – 100.0% $ 776,291,083

Security Abbreviations and Legend

ADR         American Depositary Receipt
(A) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $21,855,599.

189



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Mid Value Trust (continued)

(B)        Non-income producing security.
(C) The rate shown is the annualized seven-day yield as of 3-31-18.
(D) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

Money Market Trust

Shares or
Principal
            Amount       Value
U.S. GOVERNMENT – 14.0%
U.S. Treasury Bill
1.521%, 04/05/2018 $ 39,255,400 $ 39,248,857
1.523%, 05/10/2018 40,112,500 40,047,317
1.623%, 04/12/2018 20,043,400 20,033,601
1.722%, 06/14/2018 19,627,100 19,558,817
1.740%, 04/26/2018 23,557,000 23,528,961
1.746%, 04/26/2018 24,054,000 24,025,269
1.924%, 09/27/2018 8,000,000 7,925,218
U.S. Treasury Note
1.569%, 04/15/2018 43,196,900 43,183,373
1.883%, 09/15/2018 47,039,400 46,849,212
TOTAL U.S. GOVERNMENT (Cost
$264,400,625) $ 264,400,625
       
U.S. GOVERNMENT AGENCY – 85.4%
Federal Agricultural Mortgage Corp.
1.014%, (1 month LIBOR - 0.050%)
       04/02/2019 (A) 27,703,000 27,703,000
1.521%, 04/02/2018 41,000,000 40,998,292
1.590%, (1 month LIBOR - 0.080%)
       11/30/2018 (A) 23,843,000 23,843,000
1.596%, (1 month LIBOR - 0.090%)
       05/01/2018 (A) 25,000,000 25,000,000
1.608%, (1 month LIBOR - 0.100%)
       04/03/2018 (A) 50,000,000 50,000,000
1.608%, (1 month LIBOR - 0.100%)
       12/03/2018 (A) 16,237,000 16,237,000
1.756%, (1 month LIBOR - 0.090%)
       02/20/2019 (A) 20,007,000 20,007,000
1.768%, (1 month LIBOR - 0.110%)
       06/22/2018 (A) 19,820,000 19,820,000
1.776%, (1 month LIBOR - 0.120%)
       04/25/2018 (A) 50,000,000 50,000,000
1.903%, (1 month LIBOR)
       09/30/2019 (A) 20,024,000 20,024,000
2.145%, (3 month LIBOR - 0.170%)
       06/26/2018 (A) 41,000,000 41,000,000
Federal Farm Credit Bank
1.440%, 04/06/2018 11,520,000 11,518,848
1.458%, 08/28/2018 7,983,000 7,935,752
1.537%, 04/16/2018 2,358,000 2,360,747
1.558%, (1 month LIBOR + 0.140%)
       08/01/2018 (A) 4,489,000 4,493,046
1.568%, 05/18/2018 800,000 799,367
1.591%, 06/12/2018 802,000 807,326
1.591%, (1 month LIBOR + 0.140%)
       07/06/2018 (A) 795,000 795,553
1.603%, 11/01/2018 4,058,000 4,043,266
1.610%, (1 month LIBOR - 0.100%)
       08/08/2018 (A) 3,120,000 3,120,257
1.612%, (3 month LIBOR)
       05/09/2018 (A) 400,000 400,088
1.619%, (1 month LIBOR - 0.085%)
       05/30/2019 (A) 7,835,000 7,831,919
1.631%, (Prime rate - 3.020%)
       01/14/2019 (A) 19,277,000 19,295,490
1.642%, (Prime rate - 3.060%)
       04/25/2019 (A) 7,400,000 7,405,543
  1.653%, (Prime rate - 3.120%)            
         01/02/2019 (A) 16,123,000 16,123,000
  1.661%, (1 month LIBOR - 0.080%)
         11/09/2018 (A) 1,220,000 1,220,000
  1.673%, (Prime rate - 3.105%)
         04/10/2019 (A) 7,970,000 7,969,590
  1.677%, (1 month LIBOR + 0.050%)
         04/16/2018 (A) 23,054,000 23,055,748
  1.688%, (1 month LIBOR + 0.020%)
         05/17/2018 (A) 20,994,000 20,998,382
  1.690%, (1 month LIBOR + 0.130%)
         07/19/2018 (A) 7,221,000 7,226,904
  1.693%, (Prime rate - 3.080%)
         09/13/2019 (A) 7,982,000 7,982,000
  1.698%, (Prime rate - 3.080%)
         06/27/2019 (A) 12,084,000 12,083,231
  1.699%, (1 month LIBOR + 0.130%)
         10/17/2018 (A) 1,605,000 1,607,309
  1.703%, (Prime rate - 3.075%)
         09/05/2019 (A) 18,548,000 18,546,674
  1.721%, (3 month LIBOR + 0.040%)
         11/16/2018 (A) 5,409,000 5,415,564
  1.722%, (Prime rate - 2.960%)
         05/11/2018 (A) 786,000 786,080
  1.724%, (1 month LIBOR + 0.045%)
         04/09/2018 (A) 10,973,000 10,973,152
  1.726%, 04/26/2018 39,219,000 39,172,700
  1.727%, 06/25/2018 16,474,000 16,454,460
  1.728%, (1 month LIBOR + 0.180%)
         10/11/2019 (A) 2,000,000 2,006,490
  1.734%, (1 month LIBOR + 0.090%)
         05/25/2018 (A) 15,544,000 15,549,846
  1.746%, 04/11/2018 803,000 802,834
  1.751%, (3 month LIBOR - 0.180%)
         05/17/2019 (A) 7,928,000 7,924,930
  1.752%, (1 month LIBOR - 0.135%)
         06/13/2019 (A) 3,994,000 3,988,635
  1.753%, 04/13/2018 2,408,000 2,407,341
  1.755%, (1 month LIBOR + 0.065%)
         10/22/2018 (A) 2,358,000 2,360,485
  1.769%, (1 month LIBOR + 0.190%)
         08/19/2019 (A) 20,313,000 20,383,462
  1.787%, (1 month LIBOR - 0.080%)
         11/20/2019 (A) 9,729,000 9,725,803
  1.789%, (1 month LIBOR - 0.040%)
         04/24/2019 (A) 4,175,000 4,177,980
  1.793%, 08/02/2018 1,000,000 997,437
  1.843%, (3 month LIBOR - 0.035%)
         09/04/2018 (A) 8,786,000 8,792,490
  1.849%, (3 month USBMMY +
         0.050%) 11/04/2019 (A) 7,901,000 7,900,313
  1.863%, (3 month USBMMY +
         0.150%) 04/12/2019 (A) 8,020,000 8,026,637
  1.884%, (3 month USBMMY +
         0.085%) 08/08/2019 (A) 12,115,000 12,114,172
  1.890%, 01/28/2019 8,445,000 8,391,939
  1.892%, 01/28/2019 2,111,000 2,100,485
  1.923%, 09/14/2018 1,168,000 1,162,442
  1.924%, 09/17/2018 4,007,000 4,007,188
  1.952%, 09/20/2018 25,715,000 25,600,795
  1.958%, 10/24/2018 802,000 801,964
  1.984%, (3 month LIBOR - 0.170%)
         03/15/2019 (A) 12,087,000 12,086,725
  1.991%, (3 month LIBOR - 0.300%)
         09/18/2018 (A) 1,602,000 1,603,376

190



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Money Market Trust (continued)

Shares or
Principal
      Amount       Value
U.S. GOVERNMENT AGENCY (continued)
Federal Farm Credit Bank (continued)
       2.013%, 11/21/2018 $ 1,605,000 $ 1,597,269
       2.069%, (3 month LIBOR + 0.050%)
              06/22/2018 (A) 2,100,000 2,101,224
       2.151%, 02/22/2019 1,000,000 991,283
Federal Home Loan Bank
       1.223%, 05/04/2018 1,220,000 1,219,902
       1.276%, 06/22/2018 1,300,000 1,299,641
       1.318%, 06/04/2018 750,000 749,653
       1.329%, 05/10/2018 2,000,000 1,999,316
       1.366%, 06/06/2018 1,625,000 1,624,025
       1.443%, 06/13/2018 3,975,000 3,972,126
       1.521%, 05/25/2018 2,640,000 2,637,529
       1.523%, 05/23/2018 16,010,000 15,998,633
       1.526%, 06/14/2018        78,721,000 78,478,277
       1.541%, (3 month LIBOR - 0.163%)
              07/05/2019 (A) 865,000 865,142
       1.542%, 05/25/2018 800,000 799,448
       1.542%, (3 month LIBOR - 0.220%)
              07/09/2018 (A) 18,180,000 18,178,150
       1.557%, (3 month LIBOR - 0.120%)
              10/05/2018 (A) 3,900,000 3,900,812
       1.564%, 06/08/2018 2,930,000 2,928,330
       1.569%, (3 month LIBOR - 0.270%)
              04/23/2018 (A) 12,880,000 12,879,424
       1.572%, 04/06/2018 3,299,000 3,298,290
       1.575%, (1 month LIBOR - 0.140%)
              07/03/2018 (A) 5,345,000 5,344,900
       1.577%, 04/02/2018 784,000 783,966
       1.577%, 04/06/2018 6,118,000 6,116,679
       1.586%, 06/08/2018 4,700,000 4,728,037
       1.602%, 04/02/2018 79,341,000 79,337,514
       1.603%, 04/23/2018 19,668,000 19,649,009
       1.622%, 04/03/2018 7,844,000 7,843,303
       1.623%, 04/05/2018 1,019,000 1,018,819
       1.623%, 04/11/2018 10,158,000 10,153,485
       1.623%, (3 month LIBOR - 0.250%)
              05/02/2018 (A) 7,725,000 7,724,516
       1.624%, 04/27/2018 801,000 800,074
       1.627%, 04/25/2018 11,798,000 11,785,392
       1.628%, 04/04/2018 1,646,000 1,645,780
       1.643%, 04/04/2018 2,355,000 2,354,682
       1.643%, 04/06/2018 1,256,000 1,255,717
       1.643%, 04/13/2018 51,800,000 51,772,028
       1.645%, 05/04/2018 16,012,000 15,988,222
       1.648%, 04/06/2018 5,096,000 5,094,850
       1.651%, 06/05/2018 1,965,000 1,962,217
       1.653%, 04/02/2018 1,413,000 1,412,936
       1.653%, 04/04/2018 926,000 925,874
       1.663%, 04/10/2018 2,748,000 2,746,873
       1.664%, 04/11/2018 3,926,000 3,924,211
       1.667%, (3 month LIBOR - 0.230%)
              02/13/2019 (A) 1,960,000 1,959,078
       1.673%, 04/05/2018 2,473,000 2,472,547
       1.673%, 04/06/2018 3,299,000 3,298,244
       1.674%, 04/10/2018 1,571,000 1,570,352
       1.678%, 04/05/2018 3,611,000 3,610,336
       1.683%, 04/06/2018 942,000 941,783
       1.689%, 04/10/2018 19,626,000 19,617,831
       1.691%, (1 month LIBOR - 0.145%)
              04/20/2018 (A) 5,800,000 5,800,029
       1.694%, 04/13/2018 3,104,000 3,102,272
       1.699%, 04/13/2018 3,611,000 3,608,984
       1.703%, 04/02/2018 6,273,000 6,272,707
       1.704%, 04/04/2018 2,960,000 2,959,586
       1.704%, 04/06/2018 785,000 784,817
       1.704%, 04/11/2018 1,209,000 1,208,436
       1.714%, 04/02/2018 1,882,000 1,881,912
       1.723%, 06/01/2018 15,702,000 15,656,903
       1.724%, 04/02/2018 6,665,000 6,664,685
       1.724%, 04/04/2018 13,269,000 13,267,120
       1.725%, 04/18/2018 11,753,000 11,743,565
       1.726%, 04/30/2018 2,748,000 2,744,237
       1.727%, (1 month LIBOR - 0.165%)
              04/27/2018 (A) 1,990,000 1,990,010
       1.727%, 05/18/2018 785,000 783,258
       1.728%, 05/25/2018 20,025,000 19,974,882
       1.729%, (1 month LIBOR - 0.143%)
              05/22/2018 (A) 7,840,000 7,840,059
       1.734%, 04/10/2018 6,038,000 6,035,419
       1.735%, 04/12/2018 1,570,000 1,569,180
       1.740%, (1 month LIBOR - 0.150%)
              04/24/2018 (A) 20,080,000 20,080,077
       1.745%, 04/11/2018 4,862,000 4,859,677
       1.745%, 04/13/2018 1,177,000 1,176,325
       1.750%, 06/18/2018 19,628,000 19,554,853
       1.753%, (1 month LIBOR - 0.145%)
              05/24/2018 (A) 11,755,000 11,754,965
       1.758%, (1 month LIBOR - 0.080%)
              07/23/2018 (A) 6,560,000 6,560,960
       1.768%, 05/11/2018 800,000 798,453
       1.778%, 05/16/2018 7,991,000 7,973,520
       1.781%, 05/16/2018 2,355,000 2,352,827
       1.791%, (3 month LIBOR - 0.160%)
              05/24/2019 (A) 17,680,000 17,683,542
       1.821%, 06/15/2018 9,355,000 9,320,133
       1.828%, 06/29/2018 20,460,000 20,412,461
       1.896%, (3 month LIBOR - 0.130%)
              09/14/2018 (A) 5,710,000 5,712,798
       1.923%, 09/14/2018 940,000 936,578
       1.924%, 09/13/2018 1,605,000 1,600,082
       1.925%, (3 month LIBOR - 0.160%)
              06/12/2019 (A) 1,395,000 1,395,206
       1.986%, 09/27/2018 19,607,000 19,417,869
       2.056%, 12/14/2018 1,665,000 1,684,149
       2.058%, 12/18/2018 800,000 798,173
       2.063%, 11/06/2018 1,605,000 1,596,171
       2.075%, 02/14/2019 5,000,000 4,910,946
Federal Home Loan Mortgage Corp.
       1.237%, 05/25/2018 2,000,000 1,999,325
       1.252%, 06/22/2018 8,000,000 7,996,620
       1.280%, 04/09/2018 9,132,000 9,130,958
       1.381%, 09/06/2018 9,538,000 9,524,869
       1.384%, 09/13/2018 15,384,000 15,363,784
       1.518%, 06/29/2018 1,596,000 1,593,808
       1.522%, 05/25/2018 4,011,000 4,007,290
       1.523%, 05/17/2018 1,953,000 1,951,899
       1.543%, 05/11/2018 2,738,000 2,736,415
       1.553%, 05/25/2018 800,000 799,374
       1.581%, 09/28/2018 811,000 808,858
       1.703%, (1 month LIBOR - 0.165%)
              05/18/2018 (A) 1,008,000 1,007,952
       1.725%, 06/13/2018 803,000 808,150
       1.800%, 06/22/2018 1,433,000 1,431,200
       1.832%, 06/20/2018 21,781,000 21,693,876
Federal National Mortgage Association
       1.238%, 04/30/2018 4,459,000 4,458,348
       1.276%, 04/30/2018 2,040,000 2,039,557
       1.356%, 05/21/2018 7,157,000 7,152,406
       1.572%, 05/25/2018 1,594,000 1,592,780
       1.645%, 05/21/2018 2,361,000 2,358,998

191



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Money Market Trust (continued)

Shares or
Principal
            Amount       Value
U.S. GOVERNMENT AGENCY (continued)
Federal National
Mortgage Association (continued)
1.658%, 06/14/2018 $ 11,767,000 $ 11,727,574
1.682%, 07/27/2018 1,465,000 1,461,288
1.694%, 04/16/2018 1,565,000 1,563,911
1.725%, 06/05/2018 803,000 807,190
1.736%, 11/28/2018 1,190,000 1,185,519
1.784%, 07/20/2018 8,460,000 8,443,672
1.838%, 10/29/2018 2,000,000 1,991,728
1.913%, 09/18/2018 4,330,000 4,328,939
2.081%, 12/14/2018 1,183,000 1,175,062
2.130%, 01/30/2019 1,764,000 1,758,479
Tennessee Valley Authority
1.386%, 04/01/2018 8,711,000 8,711,000
1.725%, 04/17/2018 10,000,000 9,992,444
TOTAL U.S. GOVERNMENT AGENCY (Cost
$1,617,396,885) $ 1,617,396,885
         
SHORT-TERM INVESTMENTS – 0.0%
Repurchase agreement – 0.0%
Repurchase Agreement with State Street
Corp. dated 3-29-18 at 0.740% to be
repurchased at $100,008 on 4-2-18,
collateralized by $105,000
U.S. Treasury Inflation Indexed Notes,
0.125% due 7-15-24 (valued at
$106,848, including interest) 100,000 $ 100,000
TOTAL SHORT-TERM INVESTMENTS (Cost $100,000) $ 100,000
Total Investments (Money Market Trust)
(Cost $1,881,897,510) – 99.4% $ 1,881,897,510
Other assets and liabilities, net – 0.6% 11,681,208
TOTAL NET ASSETS – 100.0% $ 1,893,578,718

Security Abbreviations and Legend

LIBOR         London Interbank Offered Rate
USBMMY U.S. Treasury Bill Money Market Yield
(A) Variable rate obligation.

Mutual Shares Trust

Shares or
Principal
      Amount       Value
COMMON STOCKS – 88.5%
Consumer discretionary – 10.5%
Auto components – 0.4%
The Goodyear Tire & Rubber Company 27,434 $ 729,196
Automobiles – 1.1%
General Motors Company 48,559 1,764,634
Media – 9.0%
Charter Communications, Inc.,
       Class A (A) 9,198 2,862,602
Comcast Corp., Class A 54,350 1,857,140
DISH Network Corp., Class A (A) 30,442 1,153,447
Sky PLC 133,611 2,433,335
The Walt Disney Company 28,900 2,902,716
Time Warner, Inc. 39,543 3,739,977
14,949,217
17,443,047
Consumer staples – 8.7%
Beverages – 0.9%
PepsiCo, Inc. 12,846 1,402,141
Food and staples retailing – 3.5%
CVS Health Corp. 32,508 2,022,323
Rite Aid Corp. (A)(B) 90,900 152,712
The Kroger Company 87,575 2,096,546
Walgreens Boots Alliance, Inc. 24,316 1,591,969
5,863,550
Household products – 0.7%
Energizer Holdings, Inc. 19,713 1,174,501
Tobacco – 3.6%
Altria Group, Inc. 25,972 1,618,575
British American Tobacco PLC 46,876 2,709,755
British American Tobacco PLC, ADR 17,408 1,004,268
Imperial Brands PLC 19,494 663,761
5,996,359
14,436,551
Energy – 8.9%
Energy equipment and services – 0.9%
Baker Hughes, a GE Company 39,587 1,099,331
McDermott International, Inc. (A)(B) 69,500 423,255
1,522,586
Oil, gas and consumable fuels – 8.0%
Anadarko Petroleum Corp. 43,370 2,619,982
BP PLC 170,663 1,151,139
Kinder Morgan, Inc. 123,051 1,853,148
Marathon Oil Corp. 115,262 1,859,176
Plains GP Holdings LP, Class A (A)(B) 41,000 891,750
Royal Dutch Shell PLC, A Shares 34,994 1,107,159
Royal Dutch Shell PLC, A Shares (B) 63,405 2,019,903
The Williams Companies, Inc. 68,984 1,714,942
13,217,199
14,739,785
Financials – 20.2%
Banks – 10.6%
Barclays PLC 426,990 1,247,710
CIT Group, Inc. 29,408 1,514,512
Citigroup, Inc. 35,995 2,429,663
Citizens Financial Group, Inc. 72,454 3,041,619
FCB Financial Holdings, Inc.,
       Class A (A) 60,504 3,091,754
Guaranty Bancorp 4,385 124,315
JPMorgan Chase & Co. 29,286 3,220,581
Wells Fargo & Company 55,110 2,888,315
17,558,469
Consumer finance – 1.6%
Ally Financial, Inc. 31,149 845,695
Capital One Financial Corp. 19,162 1,836,103
2,681,798
Diversified financial services – 1.1%
Voya Financial, Inc. 36,330 1,834,665
Insurance – 6.9%
Alleghany Corp. 4,232 2,600,310
American International Group, Inc. 55,565 3,023,847
Chubb, Ltd. 12,553 1,716,874
MetLife, Inc. 38,150 1,750,704
The Hartford Financial Services
       Group, Inc. 24,459 1,260,128
XL Group, Ltd. 17,082 943,951
11,295,814
33,370,746
Health care – 10.3%
Health care equipment and supplies – 3.3%
Medtronic PLC 61,673 4,947,408

192



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Mutual Shares Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Health care equipment and supplies (continued)
Stryker Corp. 3,196 $ 514,300
5,461,708
Pharmaceuticals – 7.0%
Eli Lilly & Company 49,455 3,826,333
Merck & Company, Inc. 81,267 4,426,613
Novartis AG, ADR 40,763 3,295,689
11,548,635
17,010,343
Industrials – 6.8%
Aerospace and defense – 0.9%
BAE Systems PLC 175,175 1,433,229
Building products – 0.7%
Johnson Controls International PLC 31,800 1,120,632
Construction and engineering – 0.8%
Chicago Bridge & Iron Company NV 15,152 218,189
Fluor Corp. 21,147 1,210,031
1,428,220
Electrical equipment – 1.4%
Sensata Technologies Holding PLC (A) 44,107 2,286,066
Industrial conglomerates – 1.8%
General Electric Company 218,100 2,939,988
Machinery – 0.8%
CNH Industrial NV 102,301 1,264,136
Professional services – 0.4%
RELX PLC 36,270 745,052
11,217,323
Information technology – 12.3%
Communications equipment – 2.9%
Cisco Systems, Inc. 78,199 3,353,955
Nokia OYJ 140,573 776,260
Nokia OYJ, ADR 112,011 612,700
4,742,915
IT services – 1.6%
Cognizant Technology Solutions Corp.,
       Class A 32,068 2,581,474
Software – 5.3%
CA, Inc. 55,437 1,879,314
Dell Technologies, Inc., Class V (A) 8,067 590,585
Microsoft Corp. 41,538 3,791,173
Symantec Corp. 100,757 2,604,568
8,865,640
Technology hardware, storage and peripherals – 2.5%
Hewlett Packard Enterprise Company 80,193 1,406,585
Samsung Electronics Company, Ltd. 1,183 2,764,051
4,170,636
20,360,665
Materials – 4.9%
Chemicals – 1.1%
Monsanto Company 15,930 1,858,872
Construction materials – 0.7%
LafargeHolcim, Ltd. (A) 20,562 1,126,687
Containers and packaging – 1.6%
International Paper Company 35,024 1,871,332
WestRock Company (B) 12,086 775,559
2,646,891
Metals and mining – 1.5%
thyssenkrupp AG 43,392 1,133,056
Metals and mining (continued)
Warrior Met Coal, Inc. 45,491 1,274,203
2,407,259
8,039,709
Real estate – 1.8%
Equity real estate investment trusts – 1.8%
Alexander’s, Inc. 3,022 1,152,077
JBG SMITH Properties 7,809 263,241
Vornado Realty Trust 22,318 1,502,001
2,917,319
Telecommunication services – 1.1%
Diversified telecommunication services – 0.6%
Koninklijke KPN NV 335,100 1,007,642
Wireless telecommunication services – 0.5%
Vodafone Group PLC 298,225 815,951
1,823,593
Utilities – 3.0%
Electric utilities – 0.5%
PG&E Corp. 20,690 908,912
Independent power and renewable electricity producers – 2.5%
Vistra Energy Corp. (A) 195,183 4,065,662
4,974,574
TOTAL COMMON STOCKS (Cost $133,585,919) $ 146,333,655
           
CORPORATE BONDS - 2.8%
Consumer discretionary - 1.9%
iHeartCommunications, Inc.
       9.000%, 12/15/2019 (C) $ 3,977,000 3,136,859
Telecommunication services - 0.9%
Frontier Communications Corp.
       10.500%, 09/15/2022 905,000 756,879
       11.000%, 09/15/2025 1,015,000 760,616
1,517,495
TOTAL CORPORATE BONDS (Cost $5,584,393) $ 4,654,354
           
RIGHTS – 0.1%
Texas Competitive Electric Holdings
       Company LLC (A)(D) 195,183 107,351
TOTAL RIGHTS (Cost $864,691) $ 107,351
           
ESCROW CERTIFICATES - 0.0%
Texas Competitive Electric Holdings
       Company LLC 11.500%,
       10/01/2020 (A)(E) 7,466,240 0
Texas Competitive Electric Holdings
       Company LLC 11.500%,
       10/01/2020 (A) 4,128,000 30,960
TOTAL ESCROW CERTIFICATES (Cost $3,316) $ 30,960
         
SECURITIES LENDING COLLATERAL – 2.1%
John Hancock Collateral Trust,
       1.8276% (F)(G) 350,942 3,510,053
TOTAL SECURITIES LENDING COLLATERAL (Cost
$3,510,481) $ 3,510,053
         
SHORT-TERM INVESTMENTS – 6.5%
U.S. Government – 1.8%
U.S. Treasury Bill
       1.369%, 04/05/2018 * $ 1,000,000 999,865
       1.599%, 07/05/2018 * 2,000,000 1,991,068
2,990,933

193



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Mutual Shares Trust (continued)

Shares or
Principal
      Amount       Value
SHORT-TERM INVESTMENTS (continued)
U.S. Government Agency – 4.7%
Federal Home Loan Bank Discount Note
       1.400%, 04/02/2018 * $ 7,700,000 $ 7,699,937
TOTAL SHORT-TERM INVESTMENTS (Cost $10,691,373) $ 10,690,870
Total Investments (Mutual Shares Trust)
       (Cost $154,240,173) – 100.0% $ 165,327,243
Other assets and liabilities, net – 0.0% 57,076
TOTAL NET ASSETS – 100.0% $ 165,384,319

Security Abbreviations and Legend

ADR        American Depositary Receipt
(A) Non-income producing security.
(B) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $3,356,177.
(C) Non-income producing - Issuer is in default.
(D) Strike price and/or expiration date not available.
(E) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(F) The rate shown is the annualized seven-day yield as of 3-31-18.
(G) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.
* 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.

DERIVATIVES

FORWARD FOREIGN CURRENCY CONTRACTS

Contractual
settlement Unrealized Unrealized
Contract to buy       Contract to sell       Counterparty (OTC)       date       appreciation       depreciation
EUR 65,419 USD 81,107 Bank of America, N.A. 4/18/2018 — ($533 )
EUR 203,906 USD 252,353 HSBC Bank PLC 4/18/2018 — (1,210 )
USD 6,788,277 EUR 5,511,822 Bank of America, N.A. 4/18/2018 — (451 )
USD 9,041,190 GBP 6,394,549 Bank of America, N.A. 4/24/2018 $62,025 —
USD     2,659,477 KRW     2,868,567,975 HSBC Bank PLC 5/11/2018 — (43,181 )
$62,025      ($45,375 )

Derivatives Currency Abbreviations

EUR        Euro
GBP Pound Sterling
KRW Korean Won
USD U.S. Dollar

OTC is an abbreviation for over-the-counter. See Notes to Portfolio of Investments regarding investment transactions and other derivatives information.

New Income Trust

Shares or
Principal
      Amount       Value
U.S. GOVERNMENT AND AGENCY
OBLIGATIONS – 36.4%
U.S. Government – 14.3%
U.S. Treasury Bonds
       2.500%, 02/15/2045 to 05/15/2046 $ 17,335,000 $ 15,747,838
       2.750%, 08/15/2047 to 11/15/2047 3,640,000 3,471,909
       2.875%, 11/15/2046 9,435,000 9,232,934
       3.000%, 11/15/2044 to 11/15/2045 18,825,000 18,897,212
       3.125%, 02/15/2043 26,395,000 27,154,189
       3.375%, 05/15/2044 2,585,000 2,774,374
       5.375%, 02/15/2031 7,760,000 9,927,456
U.S. Treasury Inflation Protected
       Securities
       0.125%, 04/15/2022 to 07/15/2026 20,843,100 20,365,747
U.S. Treasury Notes
       0.875%, 05/15/2019 2,825,000 2,784,364
       1.250%, 10/31/2018 18,715,000 18,635,315
       1.500%, 05/31/2019 18,425,000 18,280,816
       1.625%, 05/15/2026 3,915,000 3,598,599
       1.750%, 11/15/2020 16,300,000 16,043,364
       2.000%, 08/31/2021 to 10/31/2022 11,900,000 11,643,652
       2.250%, 02/15/2027 to 11/15/2027 17,570,000 16,837,026
195,394,795
U.S. Government Agency – 22.1%
Federal Home Loan Mortgage Corp.
       3.000%, 02/01/2043 to 03/01/2043 252,181 247,800
       3.338%, (12 month LIBOR +
              1.588%), 10/01/2036 (A) 7,358 7,682
       3.341%, (12 month LIBOR +
              1.591%), 09/01/2035 (A) 7,669 8,063
       3.389%, (12 month LIBOR +
              1.625%), 04/01/2037 (A) 35,341 37,244
       3.413%, (12 month LIBOR +
              1.625%), 06/01/2038 (A) 15,690 16,569
       3.415%, (1 Year CMT + 2.250%),
              10/01/2036 (A) 13,927 14,724
       3.473%, (12 month LIBOR +
              1.723%), 01/01/2036 (A) 750 784
       3.484%, (12 month LIBOR +
              1.726%), 07/01/2035 (A) 11,634 12,286
       3.500%, 03/01/2043 to 01/01/2044 6,812,691 6,878,412
       3.507%, (12 month LIBOR +
              1.725%), 07/01/2035 (A) 8,798 9,220
       3.532%, (12 month LIBOR +
       1.733%), 10/01/2036 (A) 46,509 49,121

194



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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)
3.535%, (12 month LIBOR +
       1.785%), 09/01/2032 (A) $ 634 $ 659
3.535%, (12 month LIBOR +
       1.723%), 06/01/2037 (A) 84,451 89,050
3.539%, (12 month LIBOR +
       1.775%), 05/01/2037 (A) 13,025 13,769
3.543%, (12 month LIBOR +
       1.790%), 03/01/2036 (A) 27,112 28,568
3.558%, (12 month LIBOR +
       1.808%), 01/01/2037 (A) 17,101 18,030
3.596%, (1 Year CMT + 2.245%),
       01/01/2036 (A) 31,301 32,950
3.627%, (12 month LIBOR +
       1.750%), 02/01/2035 (A) 27,571 28,954
3.640%, (12 month LIBOR +
       1.766%), 02/01/2037 (A) 31,203 32,841
3.650%, (12 month LIBOR +
       1.900%), 11/01/2035 (A) 7,745 8,197
3.708%, (12 month LIBOR +
       1.966%), 11/01/2036 (A) 11,109 11,756
3.761%, (12 month LIBOR +
       2.010%), 12/01/2036 (A) 12,506 13,212
3.790%, (12 month LIBOR +
       1.959%), 02/01/2037 (A) 37,778 39,805
3.988%, (12 month LIBOR +
       2.154%), 02/01/2037 (A) 15,212 15,727
4.000%, 05/01/2026 to 02/01/2041 7,669,671 7,942,885
4.053%, (12 month LIBOR +
       2.075%), 02/01/2038 (A) 44,862 47,240
4.500%, 11/01/2018 to 10/01/2039 4,506,226 4,764,868
5.000%, 10/01/2018 to 08/01/2040 1,945,155 2,100,101
5.500%, 11/01/2018 to 12/01/2039 115,399 126,160
6.000%, 07/01/2021 to 08/01/2038 345,225 382,829
6.500%, 12/01/2023 to 03/01/2037 99,966 112,104
7.000%, 02/01/2024 to 06/01/2032 1,737 1,964
7.500%, 05/01/2024 to 06/01/2024 184 203
Federal National Mortgage Association
2.338%, (COFI + 1.250%),
       07/01/2027 (A) 102 102
2.500%, 07/01/2030 to 03/01/2043 5,908,610 5,725,087
2.969%, (6 month LIBOR + 1.363%),
       10/01/2033 (A) 14,989 15,584
3.000%, 01/01/2027 to 01/01/2047 60,312,420 59,392,549
3.090%, (12 month LIBOR +
       1.340%), 12/01/2035 (A) 4,100 4,254
3.291%, (12 month LIBOR +
       1.528%), 07/01/2035 (A) 8,470 8,914
3.342%, (12 month LIBOR +
       1.592%), 12/01/2035 (A) 3,031 3,188
3.367%, (12 month LIBOR +
       1.617%), 09/01/2035 (A) 42,066 44,354
3.384%, (12 month LIBOR +
       1.600%), 07/01/2036 (A) 72,156 76,036
3.410%, (12 month LIBOR +
       1.655%), 08/01/2037 (A) 15,678 16,589
3.500%, TBA (B) 5,230,000 5,270,503
3.500%, 11/01/2032 to 08/01/2056 59,655,834 60,165,428
3.500%, (12 month LIBOR +
       1.750%), 09/01/2036 (A) 141 148
3.522%, (12 month LIBOR +
       1.690%), 05/01/2038 (A) 80,346 84,590
3.536%, (12 month LIBOR +
       1.786%), 08/01/2036 (A) 37,451 39,597
3.577%, (12 month LIBOR +
       1.788%), 05/01/2038 (A) 20,512 21,668
3.580%, (12 month LIBOR +
       1.830%), 04/01/2038 (A) 19,941 21,016
3.603%, (12 month LIBOR +
       1.853%), 08/01/2038 (A) 9,961 10,538
3.604%, (12 month LIBOR +
       1.846%), 05/01/2038 (A) 14,302 15,158
3.642%, (12 month LIBOR +
       1.892%), 12/01/2035 (A) 5,818 5,996
3.645%, (12 month LIBOR +
       1.770%), 12/01/2035 (A) 1,360 1,435
4.000%, TBA (B) 6,550,000 6,720,889
4.000%, 11/01/2025 to 03/01/2047 37,566,078 38,757,709
4.500%, 05/01/2019 to 09/01/2042 6,537,908 6,900,689
5.000%, 05/01/2018 to 06/01/2040 10,266,119 11,057,096
5.500%, 04/01/2018 to 09/01/2041 3,225,742 3,521,184
5.686%, (COFI + 1.250%),
       01/01/2019 (A) 23 24
6.000%, 01/01/2021 to 09/01/2038 4,433,649 4,946,110
6.500%, 07/01/2032 to 06/01/2039 335,931 378,511
7.000%, 12/01/2029 to 04/01/2037 14,871 17,164
Government National
Mortgage Association
2.500%, 11/20/2042 to 03/20/2043 3,494,640 3,362,411
3.000%, 10/15/2042 to 02/20/2047 11,114,347 10,969,339
3.500%, 09/15/2041 to 03/20/2046 10,773,984 10,936,846
4.000%, 02/15/2041 to 05/20/2047 14,695,686 15,174,391
4.500%, TBA (B) 3,100,000 3,224,430
4.500%, 01/15/2019 to 09/20/2047 15,954,820 16,696,605
5.000%, 01/15/2019 to 01/20/2048 8,979,351 9,493,131
5.500%, 02/15/2029 to 06/20/2044 2,956,451 3,246,708
6.000%, 08/20/2018 to 04/20/2039 896,665 998,396
6.500%, 05/15/2024 to 09/15/2038 803,336 910,955
7.000%, 12/20/2023 to 12/15/2034 418,060 477,098
9.250%, 11/15/2019 to 12/15/2019 471 493
9.750%, 02/15/2021 989 1,068
10.250%, 11/15/2020 581 627
301,808,385
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS
(Cost $504,491,923) $ 497,203,180
     
FOREIGN GOVERNMENT OBLIGATIONS – 1.3%
Argentina – 0.1%
Republic of Argentina
5.875%, 01/11/2028 $ 1,340,000 1,260,270
Bermuda – 0.1%
Government of Bermuda
4.138%, 01/03/2023 (C) 1,410,000 1,456,474
4.854%, 02/06/2024 (C) 515,000 541,806
1,998,280
Brazil – 0.3%
Federative Republic of Brazil
10.000%, 01/01/2023 BRL 11,060,000 3,579,628
Hungary – 0.2%
Republic of Hungary
3.000%, 10/27/2027 HUF 830,270,000 3,434,260

195



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

New Income Trust (continued)

Shares or
Principal
      Amount       Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Indonesia – 0.1%
Perusahaan Penerbit SBSN Indonesia III
       4.350%, 09/10/2024 $ 705,000 $ 716,703
Mexico – 0.3%
Government of Mexico
       4.125%, 01/21/2026 1,590,000 1,612,260
       10.000%, 12/05/2024 MXN 44,705,000 2,820,940
4,433,200
Peru – 0.2%
Republic of Peru
       6.150%, 08/12/2032 (C) PEN 8,070,000 2,748,440
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost
$18,137,483) $ 18,170,781
     
CORPORATE BONDS – 34.7%
Consumer discretionary – 3.2%
Altice Finco SA
       7.625%, 02/15/2025 (C) $ 675,000 665,719
Altice Luxembourg SA
       7.625%, 02/15/2025 (C) 2,175,000 1,859,625
Amazon.com, Inc.
       3.875%, 08/22/2037 (C) 2,820,000 2,799,433
       4.050%, 08/22/2047 (C) 3,210,000 3,186,429
Booking Holdings, Inc.
       3.550%, 03/15/2028 600,000 580,174
       3.600%, 06/01/2026 1,500,000 1,472,706
       3.650%, 03/15/2025 2,135,000 2,117,828
Charter Communications Operating LLC
       4.908%, 07/23/2025 1,535,000 1,567,812
Comcast Corp.
       3.200%, 07/15/2036 200,000 176,464
       3.300%, 02/01/2027 2,780,000 2,689,243
       3.900%, 03/01/2038 1,500,000 1,456,071
CSC Holdings LLC
       10.875%, 10/15/2025 (C) 504,000 592,195
Expedia Group, Inc.
       5.000%, 02/15/2026 3,520,000 3,629,841
General Motors Company (3 month
       LIBOR + 0.800%) 2.593%,
       08/07/2020 (A) 1,415,000 1,416,348
INVISTA Finance LLC
       4.250%, 10/15/2019 (C) 885,000 883,761
Omnicom Group, Inc.
       3.600%, 04/15/2026 2,000,000 1,937,597
       3.650%, 11/01/2024 2,815,000 2,794,805
O’Reilly Automotive, Inc.
       4.875%, 01/14/2021 3,970,000 4,139,207
QVC, Inc.
       4.375%, 03/15/2023 2,300,000 2,301,173
       5.125%, 07/02/2022 975,000 1,005,351
Tesla, Inc.
       5.300%, 08/15/2025 (C) 1,405,000 1,225,863
The Interpublic Group of
       Companies, Inc.
       3.750%, 02/15/2023 350,000 351,288
       4.000%, 03/15/2022 1,170,000 1,186,826
       4.200%, 04/15/2024 1,115,000 1,135,965
Time Warner Cable LLC
       6.550%, 05/01/2037 950,000 1,066,748
       6.750%, 06/15/2039 1,740,000 1,978,309
44,216,781
Consumer staples – 1.2%
Anheuser-Busch InBev Finance, Inc.
       3.650%, 02/01/2026 2,330,000 2,314,753
       4.900%, 02/01/2046 1,115,000 1,200,481
Bunge, Ltd. Finance Corp.
       3.750%, 09/25/2027 1,745,000 1,685,282
Cargill, Inc.
       3.250%, 03/01/2023 (C) 295,000 295,422
CVS Health Corp.
       3.700%, 03/09/2023 4,840,000 4,854,868
Kraft Heinz Foods Company
       4.375%, 06/01/2046 955,000 870,111
Post Holdings, Inc.
       5.625%, 01/15/2028 (C) 505,000 482,275
Reynolds American, Inc.
       4.000%, 06/12/2022 1,125,000 1,144,134
       4.450%, 06/12/2025 1,830,000 1,881,489
       5.850%, 08/15/2045 1,005,000 1,173,801
15,902,616
Energy – 3.4%
APT Pipelines, Ltd.
       3.875%, 10/11/2022 (C) 1,125,000 1,126,334
       4.250%, 07/15/2027 (C) 1,450,000 1,448,679
Boardwalk Pipelines LP
       4.450%, 07/15/2027 540,000 524,654
       4.950%, 12/15/2024 1,925,000 1,976,690
       5.950%, 06/01/2026 1,945,000 2,083,218
Cenovus Energy, Inc.
       4.250%, 04/15/2027 350,000 340,939
Concho Resources, Inc.
       3.750%, 10/01/2027 675,000 659,552
DCP Midstream Operating LP
       6.750%, 09/15/2037 (C) 615,000 676,500
Enbridge Energy Partners LP
       7.375%, 10/15/2045 1,040,000 1,341,727
Enbridge, Inc. (6.000% to 1-15-27, then
       3 month LIBOR + 3.890%)
       01/15/2077 1,710,000 1,684,350
Hess Corp.
       4.300%, 04/01/2027 (D) 3,115,000 3,046,767
       5.800%, 04/01/2047 1,640,000 1,721,181
Marathon Oil Corp.
       4.400%, 07/15/2027 1,470,000 1,491,596
Pertamina Persero PT
       6.450%, 05/30/2044 (C) 1,055,000 1,192,975
Petroleos Mexicanos
       4.875%, 01/24/2022 1,725,000 1,767,953
       5.375%, 03/13/2022 415,000 430,563
       5.500%, 01/21/2021 910,000 947,310
       6.375%, 02/04/2021 1,610,000 1,715,455
Plains All American Pipeline LP
       2.850%, 01/31/2023 330,000 311,183
       4.650%, 10/15/2025 725,000 728,958
Sabine Pass Liquefaction LLC
       4.200%, 03/15/2028 2,935,000 2,888,442
       5.000%, 03/15/2027 3,270,000 3,395,193
       5.750%, 05/15/2024 750,000 806,975
       5.875%, 06/30/2026 1,135,000 1,239,875
Seven Generations Energy, Ltd.
       5.375%, 09/30/2025 (C) 690,000 658,950
Spectra Energy Partners LP
       3.375%, 10/15/2026 1,475,000 1,391,241
Tallgrass Energy Partners LP
       5.500%, 09/15/2024 (C) 415,000 422,263
Transcanada Trust (5.300% to 3-15-27,
       then 3 month LIBOR + 3.208%)
       03/15/2077 1,840,000 1,817,000

196



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

New Income Trust (continued)

Shares or
Principal
Amount       Value
CORPORATE BONDS (continued)
Energy (continued)
Transcontinental Gas Pipe Line
       Company LLC
       4.000%, 03/15/2028 (C) $ 495,000 $ 483,055
       4.600%, 03/15/2048 (C) 685,000 661,859
Western Gas Partners LP
       4.000%, 07/01/2022 2,535,000 2,528,410
Williams Partners LP
       4.850%, 03/01/2048 1,490,000 1,472,364
Woodside Finance, Ltd.
       3.650%, 03/05/2025 (C) 595,000 588,856
       3.700%, 09/15/2026 to 03/15/2028 (C) 2,853,000 2,772,410
  46,343,477
Financials – 12.1%
AerCap Ireland Capital DAC
       3.650%, 07/21/2027 5,875,000 5,497,923
Banco Santander SA
       3.500%, 04/11/2022 1,600,000 1,592,192
       3.800%, 02/23/2028 2,600,000 2,478,580
Bank of America Corp.
       3.248%, 10/21/2027 4,435,000 4,177,108
       3.300%, 01/11/2023 13,955,000 13,917,117
       4.200%, 08/26/2024 1,250,000 1,267,262
Bank of America Corp. (3.824% to
       1-20-27, then 3 month LIBOR +
       1.575%) 01/20/2028 4,705,000 4,645,280
Bank of America Corp. (4.244% to
       4-24-37, then 3 month LIBOR +
       1.814%) 04/24/2038 2,855,000 2,910,674
BBVA Bancomer SA
       4.375%, 04/10/2024 (C) 2,975,000 3,012,188
BNP Paribas SA
       3.800%, 01/10/2024 (C) 1,860,000 1,854,730
BPCE SA
       3.000%, 05/22/2022 (C) 2,940,000 2,879,542
Capital One Bank USA NA
       3.375%, 02/15/2023 4,218,000 4,109,042
Capital One Financial Corp.
       3.800%, 01/31/2028 1,395,000 1,350,249
Citigroup, Inc.
       3.200%, 10/21/2026 4,840,000 4,604,142
Citigroup, Inc. (2.876% to 7-24-22, then
       3 month LIBOR + 0.950%)
       07/24/2023 2,785,000 2,709,125
Citigroup, Inc. (3.887% to 1-10-27, then
       3 month LIBOR + 1.563%)
       01/10/2028 3,340,000 3,319,776
CNA Financial Corp.
       5.875%, 08/15/2020 2,665,000 2,828,225
Credit Agricole SA
       3.250%, 10/04/2024 (C) 2,410,000 2,308,236
Credit Agricole SA (6.625% to 9-23-19,
       then 5 Year U.S. Swap Rate +
       4.697%) 09/23/2019 (C)(E) 650,000 667,063
Discover Financial Services
       3.750%, 03/04/2025 1,385,000 1,343,610
       4.100%, 02/09/2027 2,515,000 2,493,181
First Abu Dhabi Bank PJSC (5.250% to
       6-17-20, then 5 Year U.S. Swap Rate
       + 3.350%) 06/17/2020 (E) 2,000,000 2,013,000
HSBC Holdings PLC
       2.650%, 01/05/2022 1,160,000 1,127,547
       2.950%, 05/25/2021 1,735,000 1,717,320
HSBC Holdings PLC (6.375% to
       3-30-25, then 5 Year U.S. ISDAFIX +
       4.368%) 03/30/2025 (E) 2,425,000 2,494,719
ING Bank NV
       5.800%, 09/25/2023 (C) 3,395,000 3,668,273
JPMorgan Chase & Co.
       2.950%, 10/01/2026 2,650,000 2,491,471
       3.200%, 06/15/2026 790,000 757,387
       3.300%, 04/01/2026 1,010,000 976,097
       3.900%, 07/15/2025 610,000 614,619
JPMorgan Chase & Co. (3 month
       LIBOR + 1.230%) 2.971%,
       10/24/2023 (A) 6,895,000 6,996,340
JPMorgan Chase & Co. (3.540% to
       5-1-27, then 3 month LIBOR +
       1.380%) 05/01/2028 3,775,000 3,686,261
JPMorgan Chase & Co. (3.782% to
       2-1-27, then 3 month LIBOR +
       1.337%) 02/01/2028 960,000 951,943
JPMorgan Chase & Co. (3.882% to
       7-24-37, then 3 month LIBOR +
       1.360%) 07/24/2038 3,510,000 3,405,418
Liberty Mutual Group, Inc.
       4.850%, 08/01/2044 (C) 3,530,000 3,660,599
Lincoln National Corp.
       4.350%, 03/01/2048 465,000 456,375
Marsh & McLennan Companies, Inc.
       4.350%, 01/30/2047 530,000 543,337
Morgan Stanley
       3.125%, 07/27/2026 975,000 922,093
       3.625%, 01/20/2027 2,940,000 2,875,833
       3.700%, 10/23/2024 615,000 611,423
       3.750%, 02/25/2023 8,280,000 8,371,470
       4.875%, 11/01/2022 3,850,000 4,032,994
Morgan Stanley (3.971% to 7-22-37,
       then 3 month LIBOR + 1.455%)
       07/22/2038 1,580,000 1,541,278
Principal Financial Group, Inc. (4.700%
       to 5-15-20, then 3 month LIBOR +
       3.044%) 05/15/2055 2,290,000 2,310,038
Proven Honour Capital, Ltd.
       4.125%, 05/19/2025 380,000 371,973
Reinsurance Group of America, Inc.
       4.700%, 09/15/2023 3,360,000 3,488,090
       6.450%, 11/15/2019 705,000 741,580
The Goldman Sachs Group, Inc.
       3.000%, 04/26/2022 4,315,000 4,235,777
       3.500%, 11/16/2026 2,360,000 2,272,250
       5.750%, 01/24/2022 3,655,000 3,953,870
The Goldman Sachs Group, Inc. (3.691%
       to 6-5-27, then 3 month LIBOR +
       1.510%) 06/05/2028 2,715,000 2,630,349
The Royal Bank of Scotland Group PLC
       3.875%, 09/12/2023 1,927,000 1,902,319
The Royal Bank of Scotland Group PLC
       (3.498% to 5-15-22, then 3 month
       LIBOR + 1.480%) 05/15/2023 885,000 869,655
Thomson Reuters Corp.
       3.350%, 05/15/2026 690,000 660,557
Trinity Acquisition PLC
       3.500%, 09/15/2021 505,000 504,218
UBS Group AG (7.125% to 2-19-20,
       then 5 Year U.S. Swap Rate +
       5.464%) 02/19/2020 (E) 990,000 1,029,545
UBS Group Funding Switzerland AG
       4.125%, 09/24/2025 (C) 3,290,000 3,306,421
UniCredit SpA
       3.750%, 04/12/2022 (C) 1,075,000 1,066,866

197



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

New Income Trust (continued)

Shares or
Principal
Amount       Value
CORPORATE BONDS (continued)
Financials (continued)
UniCredit SpA (continued)
       4.625%, 04/12/2027 (C) $ 4,195,000 $ 4,235,243
Unum Group
       5.625%, 09/15/2020 1,040,000 1,098,768
Wells Fargo & Company (3 month
       LIBOR + 1.110%) 2.851%,
       01/24/2023 (A) 960,000 973,145
Wells Fargo & Company (3.584% to
       5-22-27, then 3 month LIBOR +
       1.310%) 05/22/2028 3,265,000 3,183,775
Willis North America, Inc.
       3.600%, 05/15/2024 2,215,000 2,177,958
  164,893,439
Health care – 2.5%
AbbVie, Inc.
       3.600%, 05/14/2025 1,095,000 1,078,562
Anthem, Inc.
       3.500%, 08/15/2024 3,250,000 3,185,573
       3.650%, 12/01/2027 840,000 811,542
       4.650%, 01/15/2043 980,000 985,514
Becton, Dickinson and Company
       3.363%, 06/06/2024 1,890,000 1,818,353
       3.700%, 06/06/2027 2,465,000 2,378,300
       3.734%, 12/15/2024 970,000 953,316
       4.669%, 06/06/2047 2,225,000 2,257,495
Celgene Corp.
       3.625%, 05/15/2024 3,880,000 3,829,221
       3.875%, 08/15/2025 1,115,000 1,104,033
       4.350%, 11/15/2047 1,375,000 1,300,478
Express Scripts Holding Company
       4.500%, 02/25/2026 1,604,000 1,629,600
       4.800%, 07/15/2046 1,025,000 1,038,732
Humana, Inc.
       3.850%, 10/01/2024 1,040,000 1,043,388
Kaiser Foundation Hospitals
       3.500%, 04/01/2022 2,455,000 2,497,736
Novant Health, Inc.
       5.850%, 11/01/2019 1,445,000 1,514,107
Shire Acquisitions Investments Ireland
       DAC
       3.200%, 09/23/2026 2,085,000 1,942,915
Tenet Healthcare Corp.
       7.500%, 01/01/2022 (C) 650,000 684,938
Teva Pharmaceutical Finance
       Netherlands III BV
       2.200%, 07/21/2021 3,025,000 2,723,488
       6.750%, 03/01/2028 (C) 890,000 878,129
  33,655,420
Industrials – 2.3%
Air Lease Corp.
       2.750%, 01/15/2023 1,340,000 1,293,283
       3.625%, 12/01/2027 2,790,000 2,643,696
American Airlines 2013-1 Class A Pass
       Through Trust
       4.000%, 01/15/2027 2,864,484 2,880,525
American Airlines 2014-1 Class B Pass
       Through Trust
       4.375%, 04/01/2024 225,037 225,824
American Airlines 2015-1 Class B Pass
       Through Trust
       3.700%, 11/01/2024 442,994 435,241
American Airlines 2016-1 Class AA Pass
       Through Trust
       3.575%, 07/15/2029 426,940 422,132
American Airlines 2016-2 Class A Pass
       Through Trust
       3.650%, 12/15/2029 693,936 680,453
American Airlines 2017-1 Class B Pass
       Through Trust
       4.950%, 08/15/2026 859,050 882,674
American Airlines 2017-2 Class AA Pass
       Through Trust
       3.350%, 04/15/2031 695,000 674,516
CCCI Treasure, Ltd. (3.500% to 4-21-20,
       then 5 Year CMT + 7.192%)
       04/21/2020 (E) 710,000 701,209
Continental Airlines 2010-1 Class A Pass
       Through Trust
       4.750%, 07/12/2022 605,798 620,518
Continental Airlines 2012-1 Class A Pass
       Through Trust
       4.150%, 10/11/2025 895,293 904,962
CRCC Yupeng, Ltd. (3.950% to 8-1-19,
       then 5 Year CMT + 7.251%)
       08/01/2019 (E) 1,800,000 1,796,305
Delta Air Lines 2010-2 Class A Pass
       Through Trust
       4.950%, 11/23/2020 374,171 378,923
Delta Air Lines 2011-1 Class A Pass
       Through Trust
       5.300%, 10/15/2020 284,857 290,099
Delta Air Lines, Inc.
       2.875%, 03/13/2020 2,110,000 2,096,015
       3.625%, 03/15/2022 1,515,000 1,512,713
Heathrow Funding, Ltd.
       4.875%, 07/15/2023 (C) 2,585,000 2,727,123
Lockheed Martin Corp.
       3.550%, 01/15/2026 1,960,000 1,942,502
       3.600%, 03/01/2035 660,000 629,426
United Airlines 2014-2 Class B Pass
       Through Trust
       4.625%, 03/03/2024 3,292,491 3,335,293
US Airways 2012-2 Class A Pass
       Through Trust
       4.625%, 12/03/2026 2,085,895 2,149,932
US Airways 2013-1 Class A Pass
       Through Trust
       3.950%, 05/15/2027 2,267,836 2,262,846
  31,486,210
Information technology – 3.5%
Activision Blizzard, Inc.
       4.500%, 06/15/2047 2,835,000 2,844,275
Alibaba Group Holding, Ltd.
       3.400%, 12/06/2027 3,895,000 3,696,026
       4.000%, 12/06/2037 285,000 272,083
Apple, Inc.
       3.000%, 02/09/2024 8,230,000 8,133,827
       3.200%, 05/11/2027 4,980,000 4,862,762
       4.250%, 02/09/2047 425,000 441,516
Avnet, Inc.
       4.625%, 04/15/2026 840,000 837,514
       4.875%, 12/01/2022 1,535,000 1,588,929
Baidu, Inc.
       2.875%, 07/06/2022 1,095,000 1,061,793
Broadcom Corp.
       3.000%, 01/15/2022 2,070,000 2,030,627
       3.125%, 01/15/2025 1,510,000 1,426,642
       3.625%, 01/15/2024 3,475,000 3,417,103
       3.875%, 01/15/2027 80,000 77,733

198



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

New Income Trust (continued)

Shares or
Principal
Amount       Value
CORPORATE BONDS (continued)
Information technology (continued)
Keysight Technologies, Inc.
       4.550%, 10/30/2024 $ 3,085,000 $ 3,193,692
       4.600%, 04/06/2027 280,000 288,157
Microsoft Corp.
       4.100%, 02/06/2037 9,105,000 9,612,957
Veritas US, Inc.
       7.500%, 02/01/2023 (C) 400,000 401,000
Visa, Inc.
       4.300%, 12/14/2045 2,475,000 2,648,944
Western Digital Corp.
       4.750%, 02/15/2026 505,000 503,889
  47,339,469
Materials – 1.2%
Arconic, Inc.
       5.870%, 02/23/2022 1,210,000 1,270,500
       6.150%, 08/15/2020 2,457,000 2,573,708
Boral Finance Pty, Ltd.
       3.000%, 11/01/2022 (C) 190,000 185,521
       3.750%, 05/01/2028 (C) 2,615,000 2,522,575
Celulosa Arauco y Constitucion SA
       3.875%, 11/02/2027 (C) 965,000 928,330
       5.500%, 11/02/2047 (C) 265,000 270,168
CNAC HK Finbridge Company, Ltd.
       4.625%, 03/14/2023 1,300,000 1,306,390
Corp. Nacional del Cobre de Chile
       3.625%, 08/01/2027 (C) 585,000 568,205
CVR Partners LP
       9.250%, 06/15/2023 (C) 650,000 692,055
Equate Petrochemical BV
       4.250%, 11/03/2026 2,000,000 1,984,296
Freeport-McMoRan, Inc.
       5.400%, 11/14/2034 805,000 764,983
Martin Marietta Materials, Inc.
       4.250%, 07/02/2024 to 12/15/2047 2,135,000 2,068,591
Vulcan Materials Company
       4.500%, 06/15/2047 1,920,000 1,814,414
  16,949,736
Real estate – 2.0%
Alexandria Real Estate Equities, Inc.
       3.450%, 04/30/2025 1,600,000 1,546,966
       3.950%, 01/15/2028 2,055,000 2,005,542
American Campus Communities
       Operating Partnership LP
       3.625%, 11/15/2027 725,000 689,237
Boston Properties LP
       2.750%, 10/01/2026 2,435,000 2,215,174
       3.650%, 02/01/2026 1,090,000 1,065,172
Brixmor Operating Partnership LP
       3.850%, 02/01/2025 680,000 663,891
       3.900%, 03/15/2027 2,515,000 2,403,806
       4.125%, 06/15/2026 2,885,000 2,827,755
Crown Castle International Corp.
       4.450%, 02/15/2026 1,450,000 1,471,227
       4.750%, 05/15/2047 1,520,000 1,529,117
Crown Castle Towers LLC
       3.222%, 05/15/2042 (C) 205,000 203,333
       3.663%, 05/15/2025 (C) 2,200,000 2,184,028
Highwoods Realty LP
       4.125%, 03/15/2028 325,000 322,976
MPT Operating Partnership LP
       5.000%, 10/15/2027 2,855,000 2,798,757
       5.250%, 08/01/2026 30,000 29,888
Regency Centers LP
       3.600%, 02/01/2027 840,000 804,649
       4.125%, 03/15/2028 460,000 461,011
VEREIT Operating Partnership LP
       3.950%, 08/15/2027 1,159,000 1,087,752
       4.600%, 02/06/2024 1,715,000 1,736,487
       4.875%, 06/01/2026 1,775,000 1,791,278
  27,838,046
Telecommunication services – 1.4%
GTP Acquisition Partners I LLC
       2.350%, 06/15/2020 (C) 2,870,000 2,837,036
SBA Tower Trust
       2.898%, 10/15/2044 (C) 1,650,000 1,641,723
       3.168%, 04/09/2047 (C) 2,105,000 2,075,521
       3.448%, 03/15/2023 (C) 755,000 755,562
       3.869%, 10/15/2049 (C) 2,895,000 2,937,333
Verizon Communications, Inc.
       3.376%, 02/15/2025 1,415,000 1,390,086
       4.272%, 01/15/2036 5,495,000 5,253,044
       5.250%, 03/16/2037 1,989,000 2,141,417
  19,031,722
Utilities – 1.9%
Enel Americas SA
       4.000%, 10/25/2026 2,000,000 1,949,320
Enel Finance International NV
       3.625%, 05/25/2027 (C) 3,475,000 3,307,410
       4.750%, 05/25/2047 (C) 2,060,000 2,109,604
FirstEnergy Corp.
       3.900%, 07/15/2027 2,230,000 2,188,541
FirstEnergy Transmission LLC
       4.350%, 01/15/2025 (C) 3,065,000 3,152,279
NiSource, Inc.
       4.375%, 05/15/2047 1,905,000 1,909,448
NRG Energy, Inc.
       7.250%, 05/15/2026 435,000 461,100
Perusahaan Gas Negara Persero Tbk
       5.125%, 05/16/2024 1,900,000 1,962,368
Sempra Energy
       3.250%, 06/15/2027 512,000 486,085
       3.400%, 02/01/2028 1,035,000 989,779
       3.800%, 02/01/2038 930,000 874,853
       4.000%, 02/01/2048 3,315,000 3,082,317
State Grid Overseas Investment 2016,
       Ltd.
       2.750%, 05/04/2022 (C) 3,440,000 3,348,165
  25,821,269
TOTAL CORPORATE BONDS (Cost
$477,188,376) $ 473,478,185
 
CONVERTIBLE BONDS – 0.1%
Consumer discretionary – 0.1%
Ctrip.com International, Ltd.
       1.250%, 09/15/2022 1,350,000 1,402,367
TOTAL CONVERTIBLE BONDS (Cost
$1,398,240) $ 1,402,367
 
MUNICIPAL BONDS – 1.4%
Chicago O’Hare International Airport
       (Illinois)
       6.395%, 01/01/2040 1,925,000 2,610,473
Denver City & County School District
       No. 1 (Colorado)
       4.242%, 12/15/2037 1,575,000 1,661,909
District of Columbia
       5.591%, 12/01/2034 375,000 450,071

199



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

New Income Trust (continued)

Shares or
Principal
Amount       Value
MUNICIPAL BONDS (continued)
Florida Hurricane Catastrophe Fund
       Finance Corp., Series A
       2.995%, 07/01/2020 $ 1,760,000 $ 1,769,962
Florida State Board of Administration
       Finance Corp.
       2.163%, 07/01/2019 1,180,000 1,177,074
JobsOhio Beverage System
       4.532%, 01/01/2035 1,400,000 1,527,330
Los Angeles Department of Airports
       (California)
       7.053%, 05/15/2040 1,230,000 1,711,053
Maryland State Transportation Authority
       5.888%, 07/01/2043 1,070,000 1,383,168
New York City Municipal Water Finance
       Authority
       5.952%, 06/15/2042 840,000 1,119,493
North Carolina Eastern Municipal Power
       Agency
       2.003%, 07/01/2018 60,000 60,006
Port Authority of New York & New
       Jersey
       4.458%, 10/01/2062 2,225,000 2,434,818
South Carolina State Public Service
       Authority
       4.322%, 12/01/2027 1,705,000 1,756,559
State of Oregon
       5.892%, 06/01/2027 60,000 70,845
University of California
       4.131%, 05/15/2045 495,000 515,072
Virginia Commonwealth Transportation
       Board
       5.350%, 05/15/2035 515,000 599,857
TOTAL MUNICIPAL BONDS (Cost $16,467,826)   $ 18,847,690
 
TERM LOANS (F) – 2.8%
Consumer discretionary – 0.6%
Altice Financing SA (3 month LIBOR +
       2.750%) 4.470%, 07/15/2025 1,389,500 1,359,973
Altice US Finance I Corp. (1 month
       LIBOR + 2.250%) 4.127%,
       07/28/2025 1,402,268 1,399,113
American Axle & Manufacturing, Inc. (1
       month LIBOR + 2.250%) 4.130%,
       04/06/2024 684,575 687,573
Caesars Resort Collection LLC (1 month
       LIBOR + 2.750%) 4.627%,
       12/22/2024 688,275 692,652
CSC Holdings LLC (1 month LIBOR +
       2.250%) 4.036%, 07/17/2025 1,378,229 1,373,350
Delta 2 Lux Sarl (1 month LIBOR +
       2.500%) 02/01/2024 TBD (G) 685,000 683,288
Scientific Games International, Inc. (1
       and 2 month LIBOR + 2.750%)
       4.722%, 08/14/2024 1,768,256 1,773,879
WideOpenWest Finance LLC (1 week
       LIBOR + 3.250%) 5.104%,
       08/18/2023 696,500 680,397
  8,650,225
Consumer staples – 0.1%
Reynolds Group Holdings, Inc. (1 month
       LIBOR + 2.750%) 4.627%,
       02/05/2023 965,113 969,591
Financials – 0.2%
Asurion LLC (1 month LIBOR +
       2.750%)
       4.627%, 08/04/2022 662,679 666,410
       4.648%, 11/03/2023 1,834,507 1,846,267
Asurion LLC (1 month LIBOR +
       6.000%) 7.877%, 08/04/2025 605,000 620,579
  3,133,256
Health care – 0.4%
Amneal Pharmaceuticals LLC
       03/07/2025 TBD (G) 550,000 550,000
Change Healthcare Holdings LLC (1
       month LIBOR + 2.750%) 4.627%,
       03/01/2024 2,069,100 2,073,507
MPH Acquisition Holdings LLC (3
       month LIBOR + 2.750%) 5.052%,
       06/07/2023 1,167,505 1,172,175
PAREXEL International Corp. (1 month
       LIBOR + 2.750%) 4.627%,
       09/27/2024 437,800 437,800
PharMerica Corp. (1 month LIBOR +
       3.500%) 5.211%, 12/06/2024 695,000 697,029
Valeant Pharmaceuticals
       International, Inc. (1 month LIBOR +
       3.500%) 5.240%, 04/01/2022 663,512 670,273
WW Medical & Healthcare Holdings
       Corp. (3 month LIBOR + 3.750%)
       6.052%, 01/23/2025 190,000 190,950
  5,791,734
Industrials – 0.3%
Brand Industrial Services, Inc. (3 month
       LIBOR + 4.250%) 6.001%,
       06/21/2024 693,254 698,932
CHI Doors Holdings Corp. (1 month
       LIBOR + 3.250%) 4.943%,
       07/29/2022 1,371,839 1,371,839
Columbus McKinnon Corp. (3 month
       LIBOR + 2.500%) 4.802%,
       01/31/2024 193,038 193,762
StandardAero Aviation Holdings, Inc. (1
       month LIBOR + 3.750%) 5.630%,
       07/07/2022 651,658 656,852
Wrangler Buyer Corp. (1 month LIBOR
       + 3.000%) 4.877%, 09/27/2024 284,288 285,607
  3,206,992
Information technology – 0.8%
Ancestry.com Operations, Inc. (1 month
       LIBOR + 3.250%) 5.130%,
       10/19/2023 876,559 880,284
First Data Corp. (1 month LIBOR +
       2.250%) 4.122%, 04/26/2024 1,236,040 1,237,437
Hyland Software, Inc. (1 month LIBOR
       + 3.250%) 5.127%, 07/01/2022 387,068 390,110
Kronos, Inc.
       4.880%, 11/01/2023 2,556,824 2,571,934
MH Sub I LLC (1 month LIBOR +
       3.750%) 5.527%, 09/13/2024 628,425 628,312
SS&C Technologies, Inc.
       02/28/2025 TBD (G) 1,245,000 1,250,578
Uber Technologies, Inc.
       06/16/2025 TBD (G) 410,000 411,538
Uber Technologies, Inc. (1 month
       LIBOR + 4.000%) 5.877%,
       07/13/2023 2,068,500 2,074,044

200



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

New Income Trust (continued)

Shares or
Principal
Amount       Value
TERM LOANS (F) (continued)
Information technology (continued)
Vantiv LLC (1 month LIBOR + 2.000%)
       3.777%, 08/09/2024 $ 820,000 $ 823,952
10,268,189
Materials – 0.2%
BWAY Corp. (3 month LIBOR +
       3.250%) 4.963%, 04/03/2024 1,111,600 1,116,558
Encapsys LLC (1 month LIBOR +
       3.250%) 5.127%, 11/07/2024 430,000 432,958
HB Fuller Company (1 month LIBOR +
       2.250%) 4.072%, 10/20/2024 697,248 700,302
Kloeckner Pentaplast of America, Inc. (1
       month LIBOR + 4.250%) 6.127%,
       06/30/2022 701,475 673,858
  2,923,676
Telecommunication services – 0.1%
CenturyLink, Inc. (1 month LIBOR +
       2.750%) 4.627%, 01/31/2025 703,238 691,079
Cyxtera DC Holdings, Inc. (3 month
       LIBOR + 3.000%) 4.780%,
       05/01/2024 218,350 218,350
Intelsat Jackson Holdings SA (3 month
       LIBOR + 3.750%) 5.706%,
       11/27/2023 698,377 698,377
1,607,806
Utilities – 0.1%
Exgen Renewables IV LLC (3 month
       LIBOR + 3.000%) 4.990%,
       11/28/2024 503,738 508,463
Vistra Operations Company LLC (1
       month LIBOR + 2.500%)
       4.377%, 08/04/2023 664,227 668,285
  1,176,748
TOTAL TERM LOANS (Cost $37,689,547) $ 37,728,217
 
COLLATERALIZED MORTGAGE
OBLIGATIONS – 9.0%
Commercial and residential – 6.8%
225 Liberty Street Trust
       Series 2016-225L, Class A
       3.597%, 02/10/2036 (C) 705,000 707,738
280 Park Avenue Mortgage Trust
       Series 2015-280P, Class A (1 month
              LIBOR + 0.880%),
              2.657%, 09/15/2034 (A)(C) 2,130,000 2,138,347
       Series 2015-280P, Class B (1 month
              LIBOR + 1.080%),
              2.857%, 09/15/2034 (A)(C) 850,000 850,067
Alternative Loan Trust
       Series 2005-61, Class 2A2 (1 month
       LIBOR + 0.380%)
       2.252%, 12/25/2035 (A) 174,417 152,652
Atrium Hotel Portfolio Trust
       Series 2017-ATRM, Class A (1 month
              LIBOR + 0.930%),
              2.707%, 12/15/2036 (A)(C) 2,275,000 2,277,101
       Series 2017-ATRM, Class B (1 month
              LIBOR + 1.500%),
              3.277%, 12/15/2036 (A)(C) 795,000 795,734
Banc of America Funding Trust
       Series 2005-A, Class 5A1 (1 month
       LIBOR + 0.300%)
       2.122%, 02/20/2035 (A) 96,719 96,157
Banc of America Mortgage
       Securities Trust
       Series 2004-A, Class 2A2,
              3.862%, 02/25/2034 (H) 13,668 13,654
       Series 2004-D, Class 2A2,
              3.680%, 05/25/2034 (H) 6,215 6,265
       Series 2004-H, Class 2A2,
              3.596%, 09/25/2034 (H) 24,317 24,057
       Series 2004-I, Class 3A2,
              3.773%, 10/25/2034 (H) 4,246 4,291
       Series 2005-J, Class 3A1,
              4.024%, 11/25/2035 (H) 398,609 411,220
BANK
       Series 2017-BNK5, Class D,
              3.078%, 06/15/2060 (C)(H) 700,000 550,952
       Series 2017-BNK8, Class A4,
              3.488%, 11/15/2050 685,000 683,204
       Series 2017-BNK8, Class B,
              3.931%, 11/15/2050 830,000 842,935
BENCHMARK Mortgage Trust
       Series 2018-B1, Class C
       4.119%, 01/15/2051 135,000 134,794
BX Trust
       Series 2017-IMC, Class D (1 month
       LIBOR + 2.250%)
       4.027%, 10/15/2032 (A)(C) 1,050,000 1,052,329
CD Mortgage Trust
       Series 2016-CD2, Class D
       2.781%, 11/10/2049 (H) 630,000 484,987
Citigroup Commercial Mortgage Trust
       Series 2015-GC27, Class AS,
              3.571%, 02/10/2048 430,000 423,631
       Series 2015-GC33, Class AS,
              4.114%, 09/10/2058 350,000 356,823
       Series 2016-P3, Class A3,
              3.063%, 04/15/2049 850,000 826,979
       Series 2017-P7, Class AS,
              3.915%, 04/14/2050 1,820,000 1,836,010
       Series 2018-B2, Class A4,
              4.009%, 03/10/2051 385,000 398,712
COLT Mortgage Loan Trust
       Series 2018-1, Class A1,
              2.930%, 02/25/2048 (C)(H) 981,452 981,412
       Series 2018-1, Class A2,
              2.981%, 02/25/2048 (C)(H) 282,467 282,454
Commercial Mortgage Trust (Cantor
       Fitzgerald/Deutsche Bank AG)
       Series 2014-CR20, Class AM,
              3.938%, 11/10/2047 1,335,000 1,362,400
       Series 2014-CR21, Class A3,
              3.528%, 12/10/2047 7,265,000 7,321,176
       Series 2014-UBS4, Class C,
              4.625%, 08/10/2047 (H) 500,000 504,320
       Series 2014-UBS6, Class C,
              4.464%, 12/10/2047 (H) 740,000 721,969
       Series 2015-CR26, Class A4,
              3.630%, 10/10/2048 3,380,000 3,407,465
       Series 2015-CR26, Class AM,
              4.085%, 10/10/2048 (H) 1,340,000 1,368,731
       Series 2015-LC21, Class B,
              4.311%, 07/10/2048 (H) 1,630,000 1,643,960
       Series 2015-LC23, Class AM,
              4.158%, 10/10/2048 (H) 3,295,000 3,401,492

201



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

New Income Trust (continued)

Shares or
Principal
Amount       Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial and
residential (continued)
Commercial Mortgage Trust (Cantor
       Fitzgerald/Deutsche
       Bank AG) (continued)
       Series 2016-CR28, Class AHR,
              3.651%, 02/10/2049 $ 988,936 $ 1,000,412
       Series 2017-PANW, Class B,
              3.413%, 10/10/2029 (C)(H) 990,000 972,476
Commercial Mortgage Trust (Deutsche
       Bank AG)
       Series 2014-TWC, Class A (1 month
       LIBOR + 0.850%)
       2.568%, 02/13/2032 (A)(C) 2,135,000 2,136,356
Commercial Mortgage Trust (Deutsche
       Bank AG/Jefferies & Company)
       Series 2015-PC1, Class B
       4.441%, 07/10/2050 (H) 825,000 827,181
Credit Suisse Commercial
       Mortgage Trust
       Series 2015-GLPB, Class A,
              3.639%, 11/15/2034 (C) 1,335,000 1,363,091
       Series 2015-GLPB, Class B,
              3.811%, 11/15/2034 (C)(H) 1,490,000 1,516,111
CSAIL Commercial Mortgage Trust
       Series 2015-C3, Class A4,
              3.718%, 08/15/2048 2,040,000 2,065,629
       Series 2016-C6, Class A5,
              3.090%, 01/15/2049 695,000 673,344
       Series 2016-C7, Class AS,
              3.958%, 11/15/2049 (H) 975,000 993,659
Deephaven Residential Mortgage Trust
       Series 2017-3A, Class A1,
              2.577%, 10/25/2047 (C)(H) 667,183 662,093
       Series 2018-1A, Class A1,
              2.976%, 12/25/2057 (C)(H) 668,925 668,911
DSLA Mortgage Loan Trust
       Series 2004-AR1, Class A1A (1 month
       LIBOR + 0.840%)
       2.648%, 09/19/2044 (A) 867,576 850,100
Eleven Madison Mortgage Trust
       Series 2015-11MD, Class A
       3.555%, 09/10/2035 (C)(H) 585,000 593,494
Galton Funding Mortgage Trust
       Series 2018-1, Class A23
       3.500%, 11/25/2057 (C)(H) 510,118 508,795
GMAC Mortgage Corp. Loan Trust
       Series 2005-AR3, Class 5A1
       3.757%, 06/19/2035 (H) 101,981 99,370
Great Wolf Trust
       Series 2017, Class A (1 month LIBOR
              + 0.850%),
              2.777%, 09/15/2034 (A)(C) 2,535,000 2,537,378
       Series 2017, Class B (1 month LIBOR
              + 1.100%),
              2.977%, 09/15/2034 (A)(C) 1,310,000 1,312,890
GS Mortgage Securities Trust
       Series 2014-GC26, Class A5,
              3.629%, 11/10/2047 665,000 673,689
       Series 2015-GC34, Class AS,
              3.911%, 10/10/2048 455,000 459,669
       Series 2016-GS4, Class A3,
              3.178%, 11/10/2049 3,480,000 3,404,302
GS Mortgage-Backed Securities Trust
       Series 2014-EB1A, Class 2A1
       2.466%, 07/25/2044 (C)(H) 400,944 393,202
Hilton Orlando Trust
       Series 2018-ORL, Class A (1 month
       LIBOR + 0.770%)
       2.547%, 12/15/2034 (A)(C) 1,440,000 1,441,864
Hospitality Mortgage Trust
       Series 2017-HIT, Class A (1 month
       LIBOR + 0.850%)
       2.429%, 05/08/2030 (A)(C) 470,000 470,883
InTown Hotel Portfolio Trust
       Series 2018-STAY, Class B (1 month
       LIBOR + 1.050%)
       2.827%, 01/15/2033 (A)(C) 305,000 305,394
JPMBB Commercial Mortgage
       Securities Trust
       Series 2014-C24, Class A5,
              3.639%, 11/15/2047 625,000 633,862
       Series 2015-C30, Class A5,
              3.822%, 07/15/2048 1,930,000 1,974,435
JPMDB Commercial Mortgage Securities
       Trust
       Series 2017-C5, Class C
       4.512%, 03/15/2050 (H) 975,000 988,508
JPMorgan Alternative Loan Trust
       Series 2007-A2, Class 12A3 (1 month
       LIBOR + 0.190%)
       2.062%, 06/25/2037 (A) 224,201 224,617
JPMorgan Chase Commercial Mortgage
       Securities Trust
       Series 2016-JP3, Class B,
              3.397%, 08/15/2049 (H) 660,000 634,276
       Series 2016-NINE, Class B,
              2.854%, 10/06/2038 (C)(H) 1,385,000 1,292,176
LB-UBS Commercial Mortgage Trust
       Series 2008-C1, Class A2
       6.319%, 04/15/2041 (H) 14,703 14,913
Morgan Stanley Bank of America Merrill
       Lynch Trust
       Series 2014-C17, Class B,
              4.464%, 08/15/2047 (H) 670,000 681,363
       Series 2014-C18, Class 300B,
              3.996%, 08/15/2031 2,285,000 2,308,051
       Series 2015-C22, Class A4,
              3.306%, 04/15/2048 690,000 683,987
       Series 2015-C24, Class A4,
              3.732%, 05/15/2048 745,000 756,916
       Series 2015-C24, Class AS,
              4.036%, 05/15/2048 (H) 270,000 276,633
       Series 2015-C24, Class B,
              4.351%, 05/15/2048 (H) 490,000 488,134
       Series 2017-C34, Class C,
              4.187%, 11/15/2052 (H) 660,000 652,456
Morgan Stanley Capital I Trust
       Series 2015-MS1, Class AS,
              4.030%, 05/15/2048 (H) 195,000 197,422
       Series 2017-H1, Class A5,
              3.530%, 06/15/2050 2,120,000 2,116,111
       Series 2017-H1, Class C,
              4.281%, 06/15/2050 (H) 760,000 747,922

202



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

New Income Trust (continued)

Shares or
Principal
Amount       Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial and
residential (continued)
Seasoned Credit Risk Transfer Trust
       Series 2017-2, Class M1
       4.000%, 08/25/2056 (C)(H) $ 765,000 $ 751,077
Sequoia Mortgage Trust
       Series 2017-CH1, Class A2,
              3.500%, 08/25/2047 (C)(H) 2,098,347 2,102,628
       Series 2018-CH1, Class A2,
              3.500%, 02/25/2048 (C)(H) 594,291 588,658
UBS Commercial Mortgage Trust
       Series 2018-C9, Class AS
       4.318%, 03/15/2051 (H) 1,130,000 1,169,505
Vendee Mortgage Trust
       Series 1996-3, Class 4
       9.793%, 03/15/2025 (H) 222 229
WaMu Mortgage Pass Through
       Certificates
       Series 2005-AR12, Class 2A1
       3.453%, 09/25/2035 (H) 118,819 119,158
Wells Fargo Commercial Mortgage Trust
       Series 2015-C29, Class A4,
              3.637%, 06/15/2048 1,565,000 1,578,533
       Series 2015-C31, Class A4,
              3.695%, 11/15/2048 2,020,000 2,044,047
       Series 2015-LC20, Class C,
              4.056%, 04/15/2050 (H) 1,105,000 1,050,812
       Series 2015-NSX2, Class C,
              4.249%, 07/15/2058 (H) 300,000 291,692
       Series 2015-NXS2, Class AS,
              4.121%, 07/15/2058 (H) 370,000 378,894
       Series 2016-C33, Class A3,
              3.162%, 03/15/2059 850,000 830,241
       Series 2016-C35, Class AS,
              3.184%, 07/15/2048 2,165,000 2,099,492
       Series 2016-LC24, Class AS,
              3.367%, 10/15/2049 635,000 622,389
Wells Fargo Mortgage Backed Securities
       Trust
       Series 2003-O, Class 5A1
       3.595%, 01/25/2034 (H) 24,762 25,446
WF-RBS Commercial Mortgage Trust
       Series 2013-C18, Class A3,
              3.651%, 12/15/2046 840,000 852,203
       Series 2014-C19, Class B,
              4.723%, 03/15/2047 (H) 351,000 366,153
Worldwide Plaza Trust
       Series 2017-WWP, Class C
       3.596%, 11/10/2036 (C)(H) 245,000 238,354
Worldwide Plaza Trust
       Series 2017-WWP, Class A
       3.526%, 11/10/2036 (C) 1,340,000 1,339,030
  93,114,634
U.S. Government Agency – 2.2%
Federal Home Loan Mortgage Corp.
       Series 199, Class PO,
              1.066%, 08/01/2028 779 697
       Series 2014-HQ2, Class M2 (1 month
              LIBOR + 2.200%),
              4.072%, 09/25/2024 (A) 1,234,613 1,274,521
       Series 2015-DNA1, Class M2 (1
              month LIBOR + 1.850%),
              3.722%, 10/25/2027 (A) 2,395,000 2,444,674
       Series 2015-DNA3, Class M2 (1
              month LIBOR + 2.850%),
              4.722%, 04/25/2028 (A) 992,362 1,028,624
       Series 2015-HQ1, Class M2 (1 month
              LIBOR + 2.200%),
              4.072%, 03/25/2025 (A) 406,083 409,142
       Series 2015-HQ2, Class M2 (1 month
              LIBOR + 1.950%),
              3.822%, 05/25/2025 (A) 1,341,518 1,377,259
       Series 2016-DNA1, Class M2 (1
              month LIBOR + 2.900%),
              4.521%, 07/25/2028 (A) 850,000 872,100
       Series 2016-DNA3, Class M2 (1
              month LIBOR + 2.000%),
              3.872%, 12/25/2028 (A) 625,000 636,411
       Series 2016-HQA3, Class M3 (1
              month LIBOR + 3.850%),
              5.471%, 03/25/2029 (A) 669,000 746,081
       Series 2017-DNA1, Class M2 (1
              month LIBOR + 3.250%),
              5.122%, 07/25/2029 (A) 390,000 420,840
       Series 2017-DNA2, Class M2 (1
              month LIBOR + 3.450%),
              5.071%, 10/25/2029 (A) 700,000 761,306
       Series 2017-HQ1, Class M1 (1 month
              LIBOR + 3.550%),
              5.422%, 08/25/2029 (A) 545,000 592,123
       Series 2017-HQA2, Class M1 (1
              month LIBOR + 0.800%),
              2.672%, 12/25/2029 (A) 241,006 241,654
       Series 2017-HQA2, Class M2 (1
              month LIBOR + 2.650%),
              4.271%, 12/25/2029 (A) 250,000 257,766
       Series 2017-SC01, Class M1,
              3.593%, 12/25/2046 (C)(H) 1,350,526 1,343,857
       Series 2017-SC02, Class M1,
              3.875%, 05/25/2047 (C)(H) 615,472 611,141
       Series 2018-DNA1, Class M1 (1
              month LIBOR + 0.450%),
              2.071%, 07/25/2030 (A) 676,844 673,861
       Series 4448, Class JA,
              4.000%, 11/15/2036 130,278 133,497
       Series 4604, Class FH (1 month
              LIBOR + 0.500%),
              2.277%, 08/15/2046 (A) 108,942 109,789
       Series 4614, Class FG (1 month
              LIBOR + 0.500%),
              2.277%, 09/15/2046 (A) 413,619 418,732
       Series 4621, Class FK (1 month
              LIBOR + 0.500%),
              2.277%, 10/15/2046 (A) 631,677 635,164
       Series 4623, Class MF (1 month
              LIBOR + 0.500%),
              2.277%, 10/15/2046 (A) 388,531 391,195
       Series 4650, Class FL (1 month
              LIBOR + 0.450%),
              2.227%, 01/15/2047 (A) 840,936 847,130
       Series 4654, Class FK (1 month
              LIBOR + 0.500%),
              2.277%, 02/15/2047 (A) 541,665 547,175

203



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

New Income Trust (continued)

Shares or
Principal
            Amount       Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal Home Loan
Mortgage Corp. (continued)
Series 4661, Class GF (1 month
       LIBOR + 0.450%),
       2.227%, 02/15/2047 (A) $ 365,844 $ 368,007
Series K025, Class A1,
       1.875%, 04/25/2022 1,782,169 1,752,007
Federal National Mortgage Association
Series 2016-C01, Class 2M1 (1 month
       LIBOR + 2.100%),
       3.972%, 08/25/2028 (A) 647,237 649,629
Series 2016-C05, Class 2M1 (1 month
       LIBOR + 1.350%),
       3.222%, 01/25/2029 (A) 622,264 625,103
Series 2017-16, Class FA (1 month
       LIBOR + 0.450%),
       2.322%, 03/25/2047 (A) 761,126 766,581
Series 2017-C02, Class 2M1 (1 month
       LIBOR + 1.150%),
       3.022%, 09/25/2029 (A) 652,071 656,542
Series 2017-C02, Class 2M2 (1 month
       LIBOR + 3.650%),
       5.522%, 09/25/2029 (A) 1,765,000 1,920,544
Series 2017-C03, Class 1M2 (1 month
       LIBOR + 3.000%),
       4.872%, 10/25/2029 (A) 255,000 270,477
Series 2017-C04, Class 2M2 (1 month
       LIBOR + 2.850%),
       4.471%, 11/25/2029 (A) 595,000 619,578
Series 2017-C06, Class 2M2 (1 month
       LIBOR + 2.800%),
       4.672%, 02/25/2030 (A) 825,000 853,432
Series 2017-C07, Class 2M2 (1 month
       LIBOR + 2.500%),
       4.372%, 05/25/2030 (A) 1,840,000 1,868,492
Series 2018-C02, Class 2M2 (1 month
       LIBOR + 2.200%),
       4.072%, 08/25/2030 (A) 820,000 824,434
Series 319, Class 2 IO,
       6.500%, 02/25/2032 2,419 544
Government National
Mortgage Association
Series 2010-103, Class IN IO,
       4.500%, 02/20/2039 130,561 6,567
Series 2011-41 Class AI IO,
       4.500%, 12/20/2039 1,537,975 90,254
Series 2011-88, Class EI IO,
       4.500%, 11/20/2039 238,543 14,572
Series 2012-94, Class BI IO,
       4.000%, 05/20/2037 1,279,831 166,773
Series 2013-24, Class OI IO,
       4.000%, 02/20/2043 1,164,060 233,226
Series 2017-184, Class JH,
       3.000%, 12/20/2047 888,510 883,352
Series 2018-8, Class DA,
       3.000%, 11/20/2047 1,120,246 1,124,670
30,469,523
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $123,901,227) $ 123,584,157
 
ASSET BACKED SECURITIES – 12.5%
Allegro CLO III, Ltd.
Series 2015-3, Class A (3 month
LIBOR + 0.840%)
2.585%, 07/25/2027 (A)(C) 1,430,000 1,429,987
Ally Auto Receivables Trust
Series 2015-2, Class D
       3.010%, 03/15/2022 (C) 195,000 195,188
Series 2016-1, Class C
       2.290%, 06/15/2021 530,000 528,322
Ally Master Owner Trust
Series 2015-3, Class A
       1.630%, 05/15/2020 8,360,000 8,353,502
Series 2018-1, Class A2
       2.700%, 01/17/2023 4,170,000 4,143,255
ALM XI, Ltd.
Series 2014-11A, Class A2AR (3
month LIBOR + 1.550%)
3.281%, 10/17/2026 (A)(C) 2,780,000 2,780,336
American Express Credit Account
Master Trust
Series 2017-5, Class B (1 month
       LIBOR + 0.580%)
       2.357%, 02/18/2025 (A) 1,780,000 1,785,165
Series 2017-7, Class B
       2.540%, 05/15/2025 320,000 312,857
AmeriCredit Automobile
Receivables Trust
Series 2013-5, Class D
       2.860%, 12/09/2019 675,000 675,634
Series 2014-2, Class C
       2.180%, 06/08/2020 1,027,222 1,025,758
Series 2016-1, Class A3
       1.810%, 10/08/2020 275,670 274,956
Series 2016-1, Class C
       2.890%, 01/10/2022 670,000 670,687
Series 2016-2, Class C
       2.870%, 11/08/2021 325,000 325,644
Series 2017-3, Class B
       2.240%, 06/19/2023 285,000 280,773
Series 2017-3, Class C
       2.690%, 06/19/2023 290,000 286,057
Series 2017-4, Class C
       2.600%, 09/18/2023 535,000 525,313
ARI Fleet Lease Trust
Series 2017-A, Class A2
1.910%, 04/15/2026 (C) 500,000 497,257
Ascentium Equipment Receivables Trust
Series 2016-2A, Class A2
1.460%, 04/10/2019 (C) 91,072 90,883
Avis Budget Rental Car Funding
AESOP LLC
Series 2013-1A, Class B
       2.620%, 09/20/2019 (C) 560,000 559,550
Series 2013-2A, Class A
       2.970%, 02/20/2020 (C) 500,000 500,582
Series 2014-1A, Class A
       2.460%, 07/20/2020 (C) 5,450,000 5,429,002
Series 2014-2A, Class A
       2.500%, 02/20/2021 (C) 865,000 858,531
Series 2016-2A, Class A
       2.720%, 11/20/2022 (C) 1,155,000 1,133,303
Babson CLO, Ltd.
Series 2013-IA, Class AR (3 month
LIBOR + 0.800%)
2.545%, 01/20/2028 (A)(C) 1,600,000 1,599,987

204



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

New Income Trust (continued)

Shares or
Principal
            Amount       Value
ASSET BACKED SECURITIES (continued)  
BankBoston Home Equity Loan Trust
Series 1998-2, Class A6
6.640%, 12/25/2028 (H) $ 7,024 $ 7,013
Barclays Dryrock Issuance Trust
Series 2014-3, Class A
       2.410%, 07/15/2022 1,570,000 1,564,259
Series 2015-1, Class A
       2.200%, 12/15/2022 390,000 385,789
BMW Vehicle Lease Trust
Series 2016-2, Class A4
1.570%, 02/20/2020 1,105,000 1,094,007
Capital Auto Receivables Asset Trust
Series 2014-1, Class D
       3.390%, 07/22/2019 604,155 604,319
Series 2015-4, Class A4
       2.010%, 07/20/2020 1,640,000 1,633,639
Carlyle Global Market Strategies
CLO, Ltd.
Series 2015-1A, Class AR (3 month
LIBOR + 1.000%)
2.745%, 04/20/2027 (A)(C) 1,395,000 1,395,133
CarMax Auto Owner Trust
Series 2016-4, Class A3
       1.400%, 08/15/2021 1,565,000 1,543,096
Series 2016-4, Class C
       2.260%, 07/15/2022 300,000 294,118
Series 2017-4, Class A3
       2.110%, 10/17/2022 615,000 606,676
CCG Receivables Trust
Series 2016-1, Class A2
1.690%, 09/14/2022 (C) 506,688 503,639
Chase Funding Trust
Series 2002-2, Class 1M1
       5.599%, 09/25/2031 319 330
Series 2002-4, Class 2A1 (1 month
       LIBOR + 0.740%)
       2.612%, 10/25/2032 (A) 3,867 3,834
Chrysler Capital Auto Receivables Trust
Series 2016-BA, Class A2
       1.360%, 01/15/2020 (C) 104,032 103,994
Series 2016-BA, Class A3
       1.640%, 07/15/2021 (C) 640,000 635,358
CNH Equipment Trust
Series 2016-C, Class A3
       1.440%, 12/15/2021 1,570,000 1,546,926
Series 2017-C, Class B
       2.540%, 05/15/2025 45,000 44,102
Countrywide Asset-Backed Certificates
Series 2004-BC1, Class M2 (1 month
LIBOR + 1.605%)
3.477%, 01/25/2034 (A) 483,094 468,636
DB Master Finance LLC
Series 2017-1A, Class A2I
3.629%, 11/20/2047 (C) 952,613 948,335
Elara HGV Timeshare Issuer LLC
Series 2014-A, Class A
2.530%, 02/25/2027 (C) 442,597 434,071
Enterprise Fleet Financing LLC
Series 2016-2, Class A2
       1.740%, 02/22/2022 (C) 995,849 990,945
Series 2017-1, Class A2
       2.130%, 07/20/2022 (C) 290,392 288,817
Ford Credit Auto Owner Trust
Series 2016-2, Class A
       2.030%, 12/15/2027 (C) 4,930,000 4,793,206
Series 2016-C, Class B
       1.730%, 03/15/2022 625,000 608,282
Series 2018-1, Class C
       3.490%, 07/15/2031 (C) 2,135,000 2,114,412
GM Financial Automobile Leasing Trust
Series 2016-2, Class B
       2.080%, 03/20/2020 710,000 704,965
Series 2017-1, Class A3
       2.060%, 05/20/2020 935,000 929,158
Series 2017-3, Class A3
       2.010%, 11/20/2020 805,000 796,948
GM Financial Consumer Automobile
Receivables Trust
Series 2017-1A, Class C
2.450%, 07/17/2023 (C) 100,000 98,145
GMF Floorplan Owner Revolving Trust
Series 2016-1, Class B
       2.410%, 05/17/2021 (C) 510,000 507,460
Series 2016-1, Class C
       2.850%, 05/17/2021 (C) 197,000 195,544
Series 2017-1, Class A1
       2.220%, 01/18/2022 (C) 1,525,000 1,509,119
Series 2017-1, Class B
       2.580%, 01/18/2022 (C) 680,000 675,793
Series 2018-1, Class A (1 month
       LIBOR + 0.300%)
       2.161%, 03/15/2022 (A)(C) 2,630,000 2,629,053
GreatAmerica Leasing Receivables
Funding LLC
Series 2017-1, Class A2
       1.720%, 04/22/2019 (C) 99,518 99,257
Series 2017-1, Class A3
       2.060%, 06/22/2020 (C) 150,000 149,085
Series 2018-1, Class A2
       2.490%, 05/15/2020 (C) 745,000 742,768
Series 2018-1, Class B
       3.230%, 06/17/2024 (C) 1,175,000 1,168,788
GSAA Home Equity Trust
Series 2005-11, Class 2A1 (1 month
       LIBOR + 0.280%)
       2.152%, 10/25/2035 (A) 380,157 377,640
Series 2005-8, Class A3 (1 month
       LIBOR + 0.430%)
       2.302%, 06/25/2035 (A) 1,081,689 1,072,453
Halcyon Loan Advisors Funding, Ltd.
Series 2014-3A, Class AR (3 month
LIBOR + 1.100%)
2.845%, 10/22/2025 (A)(C) 1,350,000 1,350,258
Hilton Grand Vacations Trust
Series 2017-AA, Class A
       2.660%, 12/26/2028 (C) 335,319 330,786
Series 2017-AA, Class B
       2.960%, 12/26/2028 (C)(H) 154,170 151,418
Honda Auto Receivables Owner Trust
Series 2016-4, Class A4
1.360%, 01/18/2023 690,000 673,173
Huntington Auto Trust
Series 2016-1, Class A4
1.930%, 04/15/2022 650,000 641,005
Hyundai Auto Lease Securitization Trust
Series 2015-B, Class A4
       1.660%, 07/15/2019 (C) 551,954 551,767
Series 2016-C, Class A3
       1.490%, 02/18/2020 (C) 1,675,000 1,667,334

205



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

New Income Trust (continued)

Shares or
Principal
            Amount       Value
ASSET BACKED SECURITIES (continued)  
Hyundai Auto Lease
Securitization Trust (continued)
Series 2017-C, Class A3
       2.120%, 02/16/2021 (C) $ 740,000 $ 733,161
Series 2018-A, Class A3
       2.810%, 04/15/2021 (C) 640,000 639,805
Jimmy Johns Funding LLC
Series 2017-1A, Class A2I
3.610%, 07/30/2047 (C) 472,625 472,096
KKR CLO 12, Ltd.
Series 12, Class A1R (3 month
       LIBOR + 1.050%)
       2.772%, 07/15/2027 (A)(C) 3,495,000 3,495,356
Series 12, Class B1R (3 month
       LIBOR + 1.550%)
       3.272%, 07/15/2027 (A)(C) 1,400,000 1,400,055
Kubota Credit Owner Trust
Series 2016-1A, Class A3
1.500%, 07/15/2020 (C) 415,000 410,588
Madison Park Funding XVIII, Ltd.
Series 2015-18A, Class A1R (3 month
LIBOR + 1.190%)
2.935%, 10/21/2030 (A)(C) 835,000 840,399
Magnetite XVI, Ltd.
Series 2015-16A, Class BR (3 month
LIBOR + 1.200%)
2.978%, 01/18/2028 (A)(C) 1,970,000 1,969,874
Mill City Mortgage Loan Trust
Series 2016-1, Class A1
2.500%, 04/25/2057 (C)(H) 502,576 495,494
MMAF Equipment Finance LLC
Series 2016-AA, Class A4
       1.760%, 01/17/2023 (C) 530,000 516,978
Series 2017-AA, Class A2
       1.730%, 05/18/2020 (C) 342,334 341,082
Series 2017-AA, Class A3
       2.040%, 02/16/2022 (C) 400,000 394,847
Series 2017-B, Class A3
       2.210%, 10/17/2022 (C) 1,360,000 1,339,660
Series 2017-B, Class A4
       2.410%, 11/15/2024 (C) 505,000 494,216
MVW Owner Trust
Series 2013-1A, Class A
       2.150%, 04/22/2030 (C) 279,508 274,484
Series 2014-1A, Class A
       2.250%, 09/22/2031 (C) 199,194 195,350
Series 2017-1A, Class A
       2.420%, 12/20/2034 (C) 275,749 269,461
Series 2017-1A, Class B
       2.750%, 12/20/2034 (C) 185,671 181,101
Navient Private Education Loan Trust
Series 2017-A, Class A2A
       2.880%, 12/16/2058 (C) 510,000 502,696
Series 2017-A, Class B
       3.910%, 12/16/2058 (C) 340,000 328,501
Navient Private Education Refi Loan
Trust
Series 2018-A, Class A1
2.530%, 02/18/2042 (C) 1,620,000 1,615,836
Navient Student Loan Trust
Series 2016-1A, Class A (1 month
       LIBOR + 0.700%)
       2.572%, 02/25/2070 (A)(C) 2,352,407 2,359,522
Series 2018-1A, Class A2 (1 month
       LIBOR + 0.350%)
       2.222%, 03/25/2067 (A)(C) 2,615,000 2,612,594
Series 2018-2A, Class A2 (1 month
       LIBOR + 0.380%)
       2.358%, 03/25/2067 (A)(C) 2,320,000 2,319,972
Nelnet Student Loan Trust
Series 2006-1, Class A3 (3 month
       LIBOR + 0.450%)
       2.370%, 08/23/2036 (A)(C) 2,070,000 2,031,377
Series 2008-3, Class A4 (3 month
       LIBOR + 1.650%)
       3.594%, 11/25/2024 (A) 1,096,775 1,113,369
Neuberger Berman CLO XIX, Ltd.
Series 2015-19A, Class A1R (3 month
       LIBOR + 1.050%)
       2.772%, 07/15/2027 (A)(C) 445,000 446,252
Series 2015-19A, Class A2R2 (3
       month LIBOR + 1.150%)
       3.030%, 04/15/2027 (A)(C) 1,975,000 1,975,000
Neuberger Berman CLO XVI-S, Ltd.
Series 2017-16SA, Class A (3 month
LIBOR + 0.850%)
2.572%, 01/15/2028 (A)(C) 1,830,000 1,831,969
Nissan Auto Lease Trust
Series 2017-A, Class A3
1.910%, 04/15/2020 935,000 926,523
Nissan Master Owner Trust Receivables
Series 2017-C, Class A (1 month
LIBOR + 0.320%)
2.097%, 10/17/2022 (A) 1,915,000 1,915,383
OZLM VIII, Ltd.
Series 2014-8A, Class A1AR (3
       month LIBOR + 1.130%)
       2.861%, 10/17/2026 (A)(C) 2,175,000 2,175,326
Series 2014-8A, Class A2AR (3
       month LIBOR + 1.600%)
       3.331%, 10/17/2026 (A)(C) 1,010,000 1,010,082
Santander Drive Auto Receivables Trust
Series 2014-3, Class D
       2.650%, 08/17/2020 290,000 290,123
Series 2014-3, Class E
       3.490%, 09/15/2021 (C) 985,000 991,408
Series 2015-5, Class D
       3.650%, 12/15/2021 330,000 333,125
Series 2016-1, Class D
       4.020%, 04/15/2022 190,000 193,341
Series 2016-3, Class C
       2.460%, 03/15/2022 165,000 163,981
Series 2017-1, Class A2
       1.490%, 02/18/2020 197,239 197,009
Series 2017-1, Class B
       2.100%, 06/15/2021 260,000 258,804
Series 2017-1, Class C
       2.580%, 05/16/2022 305,000 302,964
Series 2018-1, Class C
       2.960%, 03/15/2024 570,000 567,200
Santander Retail Auto Lease Trust
Series 2017-A, Class A3
       2.220%, 01/20/2021 (C) 665,000 658,191
Series 2017-A, Class C
       2.960%, 11/21/2022 (C) 745,000 736,640
Sierra Timeshare Receivables
Funding LLC
Series 2014-3A, Class A
       2.300%, 10/20/2031 (C) 608,785 604,493
Series 2015-1A, Class A
       2.400%, 03/22/2032 (C) 497,935 494,019

206



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

New Income Trust (continued)

Shares or
Principal
            Amount       Value
ASSET BACKED SECURITIES (continued)  
Sierra Timeshare Receivables
Funding LLC (continued)
Series 2015-2A, Class A
       2.430%, 06/20/2032 (C) $ 658,483 $ 652,383
Series 2015-3A, Class A
       2.580%, 09/20/2032 (C) 1,108,657 1,105,034
SLM Student Loan Trust
Series 2008-4, Class A4 (3 month
       LIBOR + 1.650%)
       3.395%, 07/25/2022 (A) 650,471 665,427
Series 2008-5, Class A4 (3 month
       LIBOR + 1.700%)
       3.445%, 07/25/2023 (A) 1,809,365 1,856,622
Series 2008-9, Class A (3 month
       LIBOR + 1.500%)
       3.245%, 04/25/2023 (A) 916,274 935,127
SMART ABS Trust
Series 2016-2US, Class A3A
1.710%, 03/15/2021 1,375,000 1,354,246
SMB Private Education Loan Trust
Series 2015-A, Class A2A
       2.490%, 06/15/2027 (C) 1,275,910 1,259,925
Series 2015-B, Class A2A
       2.980%, 07/15/2027 (C) 1,304,597 1,297,544
Series 2015-B, Class A3 (1 month
       LIBOR + 1.750%)
       3.527%, 05/17/2032 (A)(C) 1,245,000 1,305,330
Series 2015-C, Class A2A
       2.750%, 07/15/2027 (C) 1,277,494 1,269,179
Series 2015-C, Class B
       3.500%, 09/15/2043 (C) 570,000 566,659
Series 2016-A, Class A2A
       2.700%, 05/15/2031 (C) 540,374 532,365
Series 2016-B, Class A2A
       2.430%, 02/17/2032 (C) 1,260,000 1,228,323
Series 2016-C, Class A2A
       2.340%, 09/15/2034 (C) 675,000 654,637
Springleaf Funding Trust
Series 2016-AA, Class A
2.900%, 11/15/2029 (C) 900,000 896,045
Synchrony Credit Card Master
Note Trust
Series 2015-1, Class B
       2.640%, 03/15/2023 1,340,000 1,327,228
Series 2015-4, Class B
       2.620%, 09/15/2023 670,000 660,492
Series 2017-1, Class C
       2.560%, 06/15/2023 900,000 880,880
Series 2017-2, Class B
       2.820%, 10/15/2025 815,000 796,070
Series 2017-2, Class C
       3.010%, 10/15/2025 585,000 571,297
Series 2018-1, Class C
       3.360%, 03/15/2024 685,000 685,751
Terwin Mortgage Trust
Series 2005-14HE, Class AF2
4.849%, 08/25/2036 36,309 36,330
Towd Point Mortgage Trust
Series 2015-3, Class A1B
       3.000%, 03/25/2054 (C)(H) 1,598,522 1,594,029
Series 2015-4, Class M1
       3.750%, 04/25/2055 (C)(H) 755,000 765,671
Series 2015-5, Class A1B
       2.750%, 05/25/2055 (C)(H) 898,856 891,758
Series 2016-1, Class A1B
       2.750%, 02/25/2055 (C)(H) 732,153 726,469
Series 2016-1, Class A3B
       3.000%, 02/25/2055 (C)(H) 936,407 931,132
Series 2016-2, Class A1A
       2.750%, 08/25/2055 (C)(H) 627,826 619,236
Series 2016-3, Class A1
       2.250%, 04/25/2056 (C)(H) 767,732 755,526
Series 2017-1, Class M1
       3.750%, 10/25/2056 (C)(H) 5,580,000 5,648,674
Series 2017-2, Class A1
       2.750%, 04/25/2057 (C)(H) 287,616 285,524
Series 2017-3, Class A1
       2.750%, 07/25/2057 (C)(H) 2,330,069 2,308,649
Series 2017-4, Class A1
       2.750%, 06/25/2057 (C)(H) 989,031 974,807
Series 2017-5, Class A1 (1 month
       LIBOR + 0.600%)
       2.472%, 02/25/2057 (A)(C) 899,275 902,506
Series 2017-6, Class A1
       2.750%, 10/25/2057 (C)(H) 1,046,949 1,031,820
Utility Debt Securitization Authority
Series 2013-T, Class T1
2.042%, 06/15/2021 1,743,000 1,735,104
Verizon Owner Trust
Series 2016-2A, Class A
       1.680%, 05/20/2021 (C) 980,000 968,950
Series 2017-1A, Class A
       2.060%, 09/20/2021 (C) 1,855,000 1,836,774
Series 2017-1A, Class B
       2.450%, 09/20/2021 (C) 540,000 534,290
Series 2017-1A, Class C
       2.650%, 09/20/2021 (C) 720,000 712,875
Series 2018-1A, Class C
       3.200%, 09/20/2022 (C) 805,000 805,686
Volvo Financial Equipment LLC
Series 2018-1A, Class A3
       2.540%, 02/15/2022 (C) 1,030,000 1,025,506
Series 2018-1A, Class C
       3.060%, 12/15/2025 (C) 3,350,000 3,336,611
Volvo Financial Equipment Master
Owner Trust
Series 2017-A, Class A (1 month
LIBOR + 0.500%)
2.277%, 11/15/2022 (A)(C) 480,000 482,475
Voya CLO, Ltd.
Series 2016-1A, Class A2R (3 month
LIBOR + 1.300%)
3.017%, 01/20/2031 (A)(C) 2,290,000 2,287,950
Wendy’s Funding LLC
Series 2018-1A, Class A2I
3.573%, 03/15/2048 (C) 518,700 512,393
Wheels SPV 2 LLC
Series 2015-1A, Class A2
1.270%, 04/22/2024 (C) 20,945 20,930
World Omni Automobile Lease
Securitization Trust
Series 2018-A, Class B
3.060%, 05/15/2023 1,005,000 1,004,818
TOTAL ASSET BACKED SECURITIES (Cost
$171,625,218) $ 170,554,146

207



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

New Income Trust (continued)

Shares or
Principal
      Amount       Value
PURCHASED OPTIONS – 0.0%
Calls – 0.0%
Exchange Traded Option on 10-Year
       U.S. Treasury Futures (Expiration
       Date: 5-25-18; Strike Price: $121.50;
       Notional Amount: 574,000) (I) 574 $ 349,781
TOTAL PURCHASED OPTIONS (Cost $252,553) $ 349,781
SECURITIES LENDING COLLATERAL – 0.2%
John Hancock Collateral Trust,
       1.8276% (J)(K) 284,849 2,849,004
TOTAL SECURITIES LENDING COLLATERAL (Cost
$2,849,235) $ 2,849,004
SHORT-TERM INVESTMENTS – 3.2%
Commercial paper – 0.6%
Enbridge Energy Partners LP
       2.510%, 04/10/2018 * $ 2,745,000 2,743,102
Newell Brands, Inc.
       2.400%, 04/03/2018 * 1,790,000 1,789,428
       2.400%, 04/05/2018 * 965,000 964,567
Transcanada Pipelines, Ltd.
       2.470%, 04/19/2018 * 2,755,000 2,751,542
8,248,639
Money market funds – 2.1%
T. Rowe Price Government Money Fund,
       1.8418% (J) 28,082,072 28,082,072
Repurchase agreement – 0.5%
Repurchase Agreement with State Street
       Corp. dated 3-29-18 at 0.740% to be
       repurchased at $7,022,577 on 4-2-18,
       collateralized by $6,965,000
       U.S. Treasury Notes, 3.625% due
       2-15-20 (valued at $7,164,025,
       including interest) $ 7,022,000 $ 7,022,000
TOTAL SHORT-TERM INVESTMENTS (Cost $43,353,452) $ 43,352,711
Total Investments (New Income Trust)
       (Cost $1,397,355,080) – 101.6% $ 1,387,520,219
Other assets and liabilities, net – (1.6%) (21,956,399 )
TOTAL NET ASSETS – 100.0% $ 1,365,563,820

Currency Abbreviations
 
BRL         Brazilian Real
HUF Hungarian Forint
MXN Mexican Peso
PEN Peruvian Nuevo Sol

Security Abbreviations and Legend

CMT         Constant Maturity Treasury
COFI 11th Federal Home Loan Bank District Cost of Funds Index
IO Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
ISDAFIX International Swaps and Derivatives Association Fixed Interest Rate Swap Rate
LIBOR London Interbank Offered Rate
PO Principal-Only Security - (Principal Tranche of Stripped Security). Rate shown is the annualized yield on date of purchase.
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) Variable rate obligation. The coupon rate shown represents the rate at period end.
(B) Security purchased or sold on a when-issued or delayed delivery basis.
(C) 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. Rule 144A securities amounted to $237,619,156 or 17.4% of the fund’s net assets as of 3-31-18.
(D) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $2,791,452.
(E) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(F) Term loans are variable rate obligations. The coupon rate shown represents the rate at period end.
(G) 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).
(H) Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end.
(I) Non-income producing security.
(J) The rate shown is the annualized seven-day yield as of 3-31-18.
(K) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.
* 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.

DERIVATIVES

FUTURES

Unrealized
Number of Expiration Notional Notional appreciation
Open contracts       contracts       Position       date       basis*       value*       (depreciation)
2-Year U.S. Treasury Note Futures 808 Long Jun 2018 $171,638,185 $171,788,376 $150,191
5-Year U.S. Treasury Note Futures 478 Long Jun 2018 54,391,946 54,712,328 320,382
U.S. Treasury Long Bond Futures 265 Long Jun 2018 37,876,820 38,855,625 978,805
Ultra U.S. Treasury Bond Futures 46 Long Jun 2018 7,280,887 7,381,562 100,675
10-Year U.S. Treasury Note Futures 195 Short Jun 2018 (23,384,606 ) (23,622,422 ) (237,816 )
10-Year Ultra U.S. Treasury Bond Futures 558 Short Jun 2018 (71,282,692 ) (72,461,531 ) (1,178,839 )
$133,398

* Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

208



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

FORWARD FOREIGN CURRENCY CONTRACTS

Contractual
settlement Unrealized Unrealized
Contract to buy       Contract to sell       Counterparty (OTC)       date       appreciation       depreciation
AUD        4,343,700 USD 3,404,731 Bank of America, N.A. 5/18/2018 — ($68,392 )
ILS 952,000 USD 280,890 HSBC Bank USA 4/23/2018 — (9,147 )
USD 3,500,023 AUD 4,343,700 Citibank N.A. 5/18/2018 $163,684 —
USD 3,643,511 BRL 11,586,000 JPMorgan Chase Bank N.A. London 5/3/2018 142,627 —
USD 505,715 HUF 127,420,067 Bank of America, N.A. 4/13/2018 3,511 —
USD 2,869,426 HUF 715,222,807 JPMorgan Chase Bank N.A. London 4/13/2018 50,497 —
USD 127,119 HUF 31,854,508 State Street Bank London 4/13/2018 1,570 —
USD 98,074 ILS 336,000 Citibank N.A. 4/23/2018 2,164 —
USD 130,361 ILS 448,000 HSBC Bank USA 4/23/2018 2,483 —
USD 48,940 ILS 168,000 State Street Bank London 4/23/2018 985 —
USD 1,333,161 MXN       26,367,000 Citibank N.A. 5/18/2018 — (107,111 )
USD 1,340,539 MXN 26,367,739 HSBC Bank USA 5/18/2018 — (99,775 )
$367,521 ($284,425 )

WRITTEN OPTIONS

Credit default swaptions
Counterparty Buy/sell Exercise Expiration Notional
Description     (OTC)     Index     protection     rate     date     amount*     Premium     Value
Puts
5-Year Credit Default Swap The Goldman Sachs & Company CDX.NA.IG.29 Buy    0.700 % Apr 2018 USD        30,000,000   $ 27,000 $ (9,966 )
5-Year Credit Default Swap Barclays Capital CDX.NA.IG.29 Buy 0.800 % Jun 2018 USD 30,000,000 26,250 (33,741 )
$ 53,250 $ (43,707 )

* For this type of option, notional amounts are equivalent to number of contracts.

SWAPS

Credit default swaps - Seller

Unamortized
Implied USD Fixed upfront Unrealized
Counterparty (OTC)/ Reference credit Notional notional Received payment Maturity payment paid appreciation
Centrally cleared    obligation    spread    amount    Currency    amount    fixed rate    frequency    date    (received)    (depreciation)    Value
Centrally cleared CDX.NA.IG.29 0.577% 4,201,000 USD $4,201,000 1.000% Quarterly Dec 2022 $90,445 $(10,927 ) $79,518
$4,201,000 $90,445 $(10,927 ) $79,518

Derivatives Currency Abbreviations

AUD        Australian Dollar
BRL Brazilian Real
HUF Hungarian Forint
ILS Israeli New Shekel
MXN Mexican Peso
USD U.S. Dollar

OTC is an abbreviation for over-the-counter. See Notes to Portfolio of Investments regarding investment transactions and other derivatives information.

Real Estate Securities Trust

Shares or
Principal
      Amount       Value
COMMON STOCKS – 99.2%
Consumer discretionary – 1.0%
Hotels, restaurants and leisure – 1.0%
Hotels, resorts and cruise lines – 1.0%
Extended Stay America, Inc. 173,486 $ 3,429,818
Information technology – 2.9%
IT services – 2.9%
IT consulting and other services –
2.9%
InterXion Holding NV (A) 130,524 8,106,846
Switch, Inc., Class A 108,131 1,720,364
Real estate – 95.3%
Equity real estate investment trusts –
95.3%
Diversified REITs – 3.9%
Empire State Realty Trust, Inc., Class A 224,471 $ 3,768,868
STORE Capital Corp. 379,242 9,412,786
13,181,654
Health care REITs – 7.8%
CareTrust REIT, Inc. 97,861 1,311,337
HCP, Inc. 463,218 10,760,554
Healthcare Realty Trust, Inc. 266,385 7,381,528
Omega Healthcare Investors, Inc. 85,105 2,301,239
Welltower, Inc. 93,872 5,109,453
26,864,111

209



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Real Estate Securities Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Hotel and resort REITs – 5.8%
LaSalle Hotel Properties 242,917 $ 7,047,022
Pebblebrook Hotel Trust 71,648 2,461,109
Ryman Hospitality Properties, Inc. 75,273 5,829,894
Sunstone Hotel Investors, Inc. 295,816 4,502,320
19,840,345
Industrial REITs – 12.0%
Americold Realty Trust 212,582 4,056,065
DCT Industrial Trust, Inc. 143,591 8,089,917
Prologis, Inc. 343,313 21,625,286
Rexford Industrial Realty, Inc. 257,971 7,426,985
41,198,253
Office REITs – 12.6%
Alexandria Real Estate Equities, Inc. 120,732 15,078,219
Boston Properties, Inc. 78,675 9,694,334
Columbia Property Trust, Inc. 237,571 4,860,703
Douglas Emmett, Inc. 313,749 11,533,413
JBG SMITH Properties 62,886 2,119,887
43,286,556
Residential REITs – 18.5%
Camden Property Trust 159,558 13,431,592
Equity LifeStyle Properties, Inc. 131,529 11,544,300
Equity Residential 186,908 11,517,271
Essex Property Trust, Inc. 44,823 10,788,000
Invitation Homes, Inc. 351,546 8,025,795
UDR, Inc. 227,149 8,091,047
63,398,005
Retail REITs – 15.2%
Agree Realty Corp. 88,729 4,262,541
GGP, Inc. 273,450 5,594,787
Regency Centers Corp. 124,051 7,316,528
Retail Properties of America, Inc.,
       Class A 361,870 4,219,404
Simon Property Group, Inc. 126,110 19,465,079
Taubman Centers, Inc. 44,110 2,510,300
The Macerich Company 104,830 5,872,577
Urban Edge Properties 128,766 2,749,154
51,990,370
Specialized REITs – 19.5%
American Tower Corp. 42,232 6,137,999
CoreSite Realty Corp. 89,993 9,022,698
Crown Castle International Corp. 52,527 5,757,484
CubeSmart 406,736 11,469,955
Equinix, Inc. 24,174 10,108,116
Extra Space Storage, Inc. 160,269 14,001,100
Four Corners Property Trust, Inc. 151,259 3,492,570
Weyerhaeuser Company 193,368 6,767,883
66,757,805
TOTAL COMMON STOCKS (Cost $345,582,966) $ 339,774,127
 
SHORT-TERM INVESTMENTS – 0.3%
Money market funds – 0.3%
State Street Institutional
       U.S. Government Money Market
       Fund, Premier Class, 1.5812% (B) 1,088,684 1,088,684
TOTAL SHORT-TERM INVESTMENTS (Cost
$1,088,684) $ 1,088,684
Total Investments (Real Estate
       Securities Trust)
       (Cost $346,671,650) – 99.5% $ 340,862,811
Other assets and liabilities, net – 0.5% 1,722,092
TOTAL NET ASSETS – 100.0% $ 342,584,903

Security Abbreviations and Legend

(A)         Non-income producing security.
(B) The rate shown is the annualized seven-day yield as of 3-31-18.

Science & Technology Trust

Shares or
Principal
      Amount       Value
COMMON STOCKS – 95.4%
Consumer discretionary – 16.6%
Automobiles – 1.6%
Tesla, Inc. (A)(B) 47,036 $ 12,517,691
Internet and direct marketing retail – 13.2%
Amazon.com, Inc. (A) 31,775 45,989,229
Booking Holdings, Inc. (A) 9,622 20,017,513
Ctrip.com International, Ltd., ADR (A) 440,688 20,544,875
Flipkart, Ltd. (A)(C)(D) 410 36,127
JD.com, Inc., ADR (A) 590 23,889
Netflix, Inc. (A) 44,380 13,107,633
Zalando SE (A) 89,088 4,861,412
104,580,678
Media – 1.8%
Liberty Global PLC, Series C (A) 395,141 12,024,141
News Corp., Class A 162,300 2,564,340
14,588,481
131,686,850
Health care – 3.5%
Biotechnology – 1.1%
Grifols SA, ADR (B) 119,700 2,537,640
Shire PLC, ADR (B) 42,900 6,408,831
8,946,471
Health care equipment and supplies – 1.2%
Becton, Dickinson and Company 12,900 2,795,430
DexCom, Inc. (A)(B) 19,800 1,468,368
Intuitive Surgical, Inc. (A) 6,100 2,518,263
Smith & Nephew PLC 144,681 2,706,546
9,488,607
Health care technology – 0.1%
Veeva Systems, Inc., Class A (A) 12,860 939,037
Pharmaceuticals – 1.1%
Roche Holding AG 36,437 8,358,539
27,732,654
Industrials – 1.3%
Aerospace and defense – 0.2%
The Boeing Company 6,000 1,967,280
Commercial services and supplies – 0.4%
Stericycle, Inc. (A) 47,355 2,771,688
Electrical equipment – 0.6%
Sensata Technologies Holding PLC (A) 93,600 4,851,288
Professional services – 0.1%
51job, Inc., ADR (A) 11,105 955,474
10,545,730
Information technology – 72.7%
Communications equipment – 4.0%
Arista Networks, Inc. (A) 48,580 12,402,474
Cisco Systems, Inc. 147,975 6,346,648
Lumentum Holdings, Inc. (A)(B) 44,529 2,840,950
Palo Alto Networks, Inc. (A) 57,085 10,362,069
31,952,141
Electronic equipment, instruments and components – 2.9%
CDW Corp. 5,890 414,126
Cognex Corp. 47,760 2,483,042
Coherent, Inc. (A) 24,305 4,554,757
Corning, Inc. 74,300 2,071,484

210



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Science & Technology Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Electronic equipment, instruments and
components (continued)
Dolby Laboratories, Inc., Class A 6,865 $ 436,339
Flex, Ltd. (A) 23,150 378,033
IPG Photonics Corp. (A) 12,015 2,804,061
Largan Precision Company, Ltd. 82,000 9,545,748
22,687,590
Internet software and services – 15.7%
58.com, Inc., ADR (A) 28,667 2,289,347
Alibaba Group Holding, Ltd., ADR (A) 32,020 5,876,951
Alphabet, Inc., Class A (A) 9,237 9,580,062
Alphabet, Inc., Class C (A) 20,894 21,558,220
Altaba, Inc. (A) 271,300 20,087,052
Baidu, Inc., ADR (A) 4,275 954,137
Dropbox, Inc. (A) 70,459 2,042,201
Dropbox, Inc., Class A (A) 9,740 304,375
Facebook, Inc., Class A (A) 174,005 27,804,259
Mail.Ru Group, Ltd., GDR (A) 162,113 5,647,259
MercadoLibre, Inc. 1,365 486,472
MongoDB, Inc. (A) 40,240 1,746,416
MuleSoft, Inc., Class A (A) 52,449 2,306,707
NAVER Corp. 10,236 7,617,875
NetEase, Inc., ADR 7,015 1,966,936
Okta, Inc. (A) 136,070 5,422,390
Tencent Holdings, Ltd. 86,000 4,616,440
Yandex NV, Class A (A) 91,900 3,625,455
Yelp, Inc. (A) 11,480 479,290
124,411,844
IT services – 6.1%
Amadeus IT Group SA 12,620 933,919
Capgemini SE 6,890 859,696
Cognizant Technology Solutions Corp.,
       Class A 45,435 3,657,518
DXC Technology Company 121,475 12,211,882
Global Payments, Inc. 25,565 2,851,009
Mastercard, Inc., Class A 7,805 1,367,124
PayPal Holdings, Inc. (A) 76,845 5,830,230
Sabre Corp. 89,400 1,917,630
Square, Inc., Class A (A)(B) 293,420 14,436,264
Total System Services, Inc. 35,550 3,066,543
Visa, Inc., Class A 7,650 915,093
Worldpay, Inc., Class A (A) 5,440 447,386
48,494,294
Semiconductors and semiconductor equipment – 16.1%    
ams AG 2,235 234,698
Applied Materials, Inc. 15,680 871,965
ASML Holding NV 4,800 953,088
Broadcom, Ltd. 83,206 19,607,494
Cree, Inc. (A) 110,265 4,444,782
Infineon Technologies AG 145,160 3,903,820
Lam Research Corp. 32,170 6,535,657
Marvell Technology Group, Ltd. 383,975 8,063,475
Maxim Integrated Products, Inc. 40,000 2,408,800
Microchip Technology, Inc. (B) 123,245 11,259,663
Micron Technology, Inc. (A) 392,225 20,450,612
Microsemi Corp. (A) 44,815 2,900,427
NVIDIA Corp. 26,585 6,156,820
ON Semiconductor Corp. (A) 80,710 1,974,167
Qorvo, Inc. (A) 59,700 4,205,865
QUALCOMM, Inc. 353,200 19,570,812
SK Hynix, Inc. 38,125 2,920,831
STR Holdings, Inc. (A) 65,100 18,879
Teradyne, Inc. 76,285 3,486,987
Texas Instruments, Inc. 71,047 7,381,073
127,349,915
Software – 23.4%
Adobe Systems, Inc. (A) 3,125 675,250
Atlassian Corp. PLC, Class A (A) 13,710 739,243
Autodesk, Inc. (A) 11,265 1,414,659
FireEye, Inc. (A) 56,490 956,376
Guidewire Software, Inc. (A) 7,765 627,645
HubSpot, Inc. (A) 12,580 1,362,414
Intuit, Inc. 82,649 14,327,204
Microsoft Corp. 457,629 41,767,799
Nintendo Company, Ltd. 6,800 3,021,057
Paycom Software, Inc. (A)(B) 95,740 10,281,519
Proofpoint, Inc. (A) 97,520 11,083,148
RealPage, Inc. (A) 8,925 459,638
Red Hat, Inc. (A) 100,223 14,984,341
RingCentral, Inc., Class A (A) 70,695 4,489,133
salesforce.com, Inc. (A) 201,768 23,465,618
ServiceNow, Inc. (A) 96,810 16,017,215
Sophos Group PLC (E) 523,915 3,191,385
Splunk, Inc. (A) 28,740 2,827,729
Symantec Corp. 220,897 5,710,187
Synopsys, Inc. (A) 50,800 4,228,592
Tableau Software, Inc., Class A (A) 52,975 4,281,440
Take-Two Interactive Software, Inc. (A) 26,885 2,628,815
Temenos Group AG (A) 16,355 1,961,116
VMware, Inc., Class A (A) 16,200 1,964,574
Workday, Inc., Class A (A) 98,745 12,551,477
185,017,574
Technology hardware, storage and peripherals – 4.5%
Apple, Inc. 74,050 12,424,109
HP, Inc. 66,055 1,447,926
NetApp, Inc. 241,230 14,881,479
Pure Storage, Inc., Class A (A) 93,890 1,873,106
Samsung Electronics Company, Ltd. 2,269 5,301,464
35,928,084
575,841,442
Materials – 0.6%
Chemicals – 0.6%
DowDuPont, Inc. 73,300 4,669,943
Real estate – 0.5%
Equity real estate investment trusts – 0.5%
Equinix, Inc. 9,630 4,026,688
Telecommunication services – 0.2%
Wireless telecommunication services – 0.2%
SoftBank Group Corp. 26,100 1,946,832
TOTAL COMMON STOCKS (Cost $626,400,883) $ 756,450,139
 
PREFERRED SECURITIES – 0.2%
Consumer discretionary – 0.0%
Internet and direct marketing retail – 0.0%
Flipkart, Ltd., Series A (A)(C)(D) 141 12,424
Flipkart, Ltd., Series C (A)(C)(D) 247 21,764
Flipkart, Ltd., Series E (A)(C)(D) 460 40,532
Flipkart, Ltd., Series G (A)(C)(D) 2,638 315,927
390,647
Information technology – 0.2%
Internet software and services – 0.2%
Airbnb, Inc., Series E (A)(C)(D) 8,624 852,396
Xiaoju Kuaizhi, Inc. (A)(C)(D) 9,513 474,128
1,326,524
TOTAL PREFERRED SECURITIES (Cost $1,476,350) $ 1,717,171

211



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Science & Technology Trust (continued)

Shares or
Principal
      Amount       Value
SECURITIES LENDING COLLATERAL – 5.0%    
John Hancock Collateral Trust,
       1.8276% (F)(G) 3,966,897 $ 39,676,108
TOTAL SECURITIES LENDING COLLATERAL (Cost    
$39,680,511) $ 39,676,108
 
SHORT-TERM INVESTMENTS – 4.9%  
Money market funds – 3.2%
State Street Institutional U.S. Government  
       Money Market Fund, Premier Class,
       1.5812% (F) 433,759 433,759
T. Rowe Price Government Money Fund,  
       1.8418% (F) 24,565,890 24,565,890
24,999,649
Repurchase agreement – 1.7%
Repurchase Agreement with State Street
       Corp. dated 3-29-18 at 0.740% to be
       repurchased at $13,443,105 on 4-2-18,
       collateralized by $13,935,000
       U.S. Treasury Notes, 1.375% due
       5-31-20 (valued at $13,711,385,
       including interest) $ 13,442,000 13,442,000
TOTAL SHORT-TERM INVESTMENTS (Cost $38,441,649)     $ 38,441,649
Total Investments (Science & Technology Trust)  
       (Cost $705,999,393) – 105.5% $ 836,285,067
Other assets and liabilities, net – (5.5%)   (43,646,425 )
TOTAL NET ASSETS – 100.0% $ 792,638,642

Security Abbreviations and Legend

ADR American Depositary Receipt
GDR         Global Depositary Receipt
(A) Non-income producing security.
(B) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $38,716,082.
(C) 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.
(D) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(E) 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.
(F) The rate shown is the annualized seven-day yield as of 3-31-18.
(G) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

Short Term Government Income Trust

Shares or
Principal
      Amount       Value
U.S. GOVERNMENT AND AGENCY
OBLIGATIONS – 95.3%
U.S. Government – 32.4%
U.S. Treasury Notes
       1.000%, 03/15/2019 $ 6,595,000 $ 6,524,928
       1.125%, 06/30/2021 4,533,000 4,347,633
       1.250%, 12/31/2018 to 03/31/2021 28,655,000 28,228,300
       1.375%, 09/30/2020 2,130,000 2,078,841
       1.500%, 05/15/2020 4,935,000 4,851,266
       1.625%, 06/30/2020 22,850,000 22,493,371
       1.750%, 11/30/2021 5,030,000 4,900,810
       1.875%, 04/30/2022 to 07/31/2022 24,935,000 24,274,089
97,699,238
U.S. Government Agency – 62.9%
Federal Agricultural Mortgage Corp.
       0.970%, 07/26/2019 9,580,000 9,422,687
       1.430%, 04/18/2019 6,000,000 5,954,322
       1.640%, 04/17/2020 8,100,000 7,970,238
       1.675%, 02/24/2020 5,240,000 5,170,282
       1.750%, 06/15/2020 5,215,000 5,134,804
       2.000%, 01/15/2021 13,945,000 13,741,403
Federal Farm Credit Bank
       1.290%, 07/13/2020 5,210,000 5,070,466
       1.440%, 08/16/2021 6,720,000 6,471,958
       1.680%, 04/05/2021 6,110,000 5,949,191
       2.230%, 11/15/2022 7,220,000 7,068,070
       2.840%, 09/20/2021 1,500,000 1,499,361
Federal Home Loan Bank
       1.125%, 10/11/2019 3,295,000 3,238,672
       1.550%, 10/26/2020 5,825,000 5,685,368
       1.700%, 04/26/2021 6,250,000 6,093,519
       1.750%, 07/13/2020 8,255,000 8,137,143
       2.260%, 10/04/2022 5,310,000 5,215,402
Federal Home Loan Mortgage Corp.
       1.250%, 07/26/2019 2,725,000 2,690,714
       1.300%, 08/23/2019 4,405,000 4,350,722
       1.765%, 06/26/2020 6,805,000 6,707,471
       2.000%, 11/20/2020 4,940,000 4,877,968
       3.000%, 07/01/2030 to 11/01/2030 3,607,548 3,623,974
       3.500%, 04/01/2032 3,874,403 3,955,299
       5.500%, 07/01/2040 1,547,555 1,718,080
       7.000%, 04/01/2018 to 04/01/2032 742 846
Federal National Mortgage Association
       1.250%, 08/23/2019 4,380,000 4,320,607
       1.950%, 11/09/2020 6,360,000 6,271,125
       2.500%, 10/01/2027 1,680,449 1,662,365
       3.000%, 03/01/2028 to 03/01/2031 21,465,366 21,575,550
       3.500%, 12/01/2025 to 08/01/2031 3,820,355 3,903,047
       5.500%, 03/01/2035 to 08/01/2040 1,032,201 1,129,294
       6.500%, 01/01/2039 664,937 749,732
       7.000%, 08/01/2025 to 01/01/2029 1,710 1,924
       7.500%, 01/01/2031 628 729
       8.000%, 10/01/2024 to 01/01/2031 1,480 1,716
Government National Mortgage
       Association
       7.500%, 01/15/2027 to 03/15/2027 321 364
Tennessee Valley Authority
       1.750%, 10/15/2018 3,340,000 3,334,436
       3.875%, 02/15/2021 13,070,000 13,570,424
       4.500%, 04/01/2018 3,699,000 3,699,000
189,968,273
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS    
(Cost $293,181,955) $ 287,667,511
 
COLLATERALIZED MORTGAGE
OBLIGATIONS – 3.6%
U.S. Government Agency – 3.6%
Federal Home Loan Mortgage Corp.
       Series 4482, Class MA,
              2.000%, 04/15/2031 779,158 769,091
       Series K017, Class X1 IO,
              1.346%, 12/25/2021 24,137,084 981,684
       Series K018, Class X1 IO,
              1.367%, 01/25/2022 4,481,689 184,646

212



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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 K022, Class X1 IO,
              1.249%, 07/25/2022 $ 11,646,463 $ 513,220
       Series K026, Class X1 IO,
              1.012%, 11/25/2022 5,540,053 209,741
       Series K030, Class X1 IO,
              0.205%, 04/25/2023 143,065,576 1,289,150
       Series K038, Class X1 IO,
              1.173%, 03/25/2024 8,452,173 481,237
       Series K704, Class X1 IO,
              1.973%, 08/25/2018 12,893,435 39,890
       Series K706, Class X1 IO,
              1.547%, 10/25/2018 5,567,253 30,078
       Series K707, Class X1 IO,
              1.513%, 12/25/2018 4,657,835 29,450
       Series K709, Class X1 IO,
              1.503%, 03/25/2019 6,176,814 64,409
       Series K710, Class X1 IO,
              1.731%, 05/25/2019 4,741,013 65,649
       Series K711, Class X1 IO,
              1.681%, 07/25/2019 7,331,597 104,118
       Series K718, Class X1 IO,
              0.641%, 01/25/2022 20,728,957 430,310
Federal National Mortgage Association
       Series 2013-100, Class CA,
              4.000%, 03/25/2039 1,675,665 1,715,349
       Series 2014-28, Class BD,
              3.500%, 08/25/2043 1,278,903 1,296,223
Government National
       Mortgage Association
       Series 2012-114, Class IO,
              0.802%, 01/16/2053 2,969,347 153,676
       Series 2017-109, Class IO,
              0.612%, 04/16/2057 2,920,867 172,995
       Series 2017-124, Class IO,
              0.705%, 01/16/2059 3,643,065 248,458
       Series 2017-140, Class IO,
              0.609%, 02/16/2059 2,134,139 142,689
       Series 2017-20, Class IO,
              0.749%, 12/16/2058 4,884,077 313,694
       Series 2017-3, Class IO,
              0.908%, 09/16/2058 4,483,329 322,548
       Series 2017-41, Class IO,
              0.792%, 07/16/2058 3,347,675 234,598
       Series 2017-46, Class IO,
              0.619%, 11/16/2057 3,631,026 224,269
       Series 2017-61, Class IO,
              0.767%, 05/16/2059 2,159,510 170,468
       Series 2017-74, Class IO,
              0.780%, 09/16/2058 3,772,297 237,187
       Series 2017-89, Class IO,
              0.765%, 07/16/2059 3,810,224 290,150
10,714,977
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS    
(Cost $10,826,000) $ 10,714,977
 
SHORT-TERM INVESTMENTS – 2.4%  
U.S. Government Agency – 1.8%
Federal Agricultural Mortgage Corp.
       Discount Note
       1.500%, 04/02/2018 * 456,000 455,981
Federal Home Loan Bank Discount Note
       1.200%, 04/02/2018 * 3,126,000 3,125,896
       1.400%, 04/02/2018 * 1,781,000 1,780,931
5,362,808
Repurchase agreement – 0.6%
Barclays Tri-Party Repurchase
       Agreement dated 3-29-18 at 1.750%
       to be repurchased at $615,120 on
       4-2-18, collateralized by $639,000
       U.S. Treasury Notes, 1.875% due
       4-30-22 (valued at $627,457,
       including interest) 615,000 $ 615,000
Repurchase Agreement with State Street
       Corp. dated 3-29-18 at 0.740% to be
       repurchased at $1,421,117 on 4-2-18,
       collateralized by $1,410,000
       U.S. Treasury Notes, 3.625% due
       2-15-20 (valued at $1,450,291,
       including interest) 1,421,000 $ 1,421,000
2,036,000
TOTAL SHORT-TERM INVESTMENTS (Cost $7,398,808)     $ 7,398,808
Total Investments (Short Term Government Income Trust)    
       (Cost $311,406,763) – 101.3% $ 305,781,296
Other assets and liabilities, net – (1.3%)   (4,040,193 )
TOTAL NET ASSETS – 100.0% $ 301,741,103

Security Abbreviations and Legend

IO         Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
* 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.

Small Cap Growth Trust

Shares or
Principal
      Amount       Value
COMMON STOCKS – 96.7%
Consumer discretionary – 16.8%
Hotels, restaurants and leisure – 7.0%
Boyd Gaming Corp. 222,928 $ 7,102,486
Marriott Vacations Worldwide Corp. 45,929 6,117,743
Papa John’s International, Inc. (A) 38,793 2,222,839
Planet Fitness, Inc., Class A (B) 334,826 12,646,378
Wingstop, Inc. 77,779 3,673,502
31,762,948
Household durables – 2.1%
TopBuild Corp. (B) 66,245 5,069,067
TRI Pointe Group, Inc. (B) 259,735 4,267,446
9,336,513
Internet and direct marketing retail – 2.3%
Shutterfly, Inc. (B) 79,254 6,439,388
Wayfair, Inc., Class A (A)(B) 56,497 3,815,242
10,254,630
Specialty retail – 1.1%
Floor & Decor Holdings, Inc.,
       Class A (A)(B) 100,482 5,237,122
Textiles, apparel and luxury goods – 4.3%
Carter’s, Inc. 57,150 5,949,315
Oxford Industries, Inc. 27,283 2,034,220
Skechers U.S.A., Inc., Class A (B) 151,028 5,873,479

213



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Growth Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Textiles, apparel and luxury goods (continued)
Under Armour, Inc., Class A (A)(B) 94,051 $ 1,537,734
Under Armour, Inc., Class C (A)(B) 277,574 3,983,187
19,377,935
75,969,148
Consumer staples – 1.4%
Food and staples retailing – 1.4%
Performance Food Group Company (B) 210,430 6,281,336
Energy – 1.4%
Oil, gas and consumable fuels – 1.4%
Alta Mesa Resources, Inc. (A)(B) 264,772 2,118,176
Centennial Resource Development, Inc.,
       Class A (A)(B) 235,050 4,313,168
6,431,344
Financials – 5.4%
Banks – 3.9%
MB Financial, Inc. 89,464 3,621,503
Sterling Bancorp 221,409 4,992,773
Texas Capital Bancshares, Inc. (B) 37,389 3,361,271
Union Bankshares Corp. 79,736 2,927,109
Western Alliance Bancorp (B) 44,118 2,563,697
17,466,353
Mortgage real estate investment trusts – 0.5%
Hannon Armstrong Sustainable
       Infrastructure Capital, Inc. 114,822 2,239,029
Thrifts and mortgage finance – 1.0%
MGIC Investment Corp. (B) 351,577 4,570,501
24,275,883
Health care – 21.8%
Biotechnology – 10.2%
Aimmune Therapeutics, Inc. (B) 35,800 1,139,514
Amicus Therapeutics, Inc. (B) 154,366 2,321,665
Arena Pharmaceuticals, Inc. (B) 51,505 2,034,448
BeiGene, Ltd., ADR (B) 8,000 1,344,000
Bluebird Bio, Inc. (B) 15,637 2,670,018
Blueprint Medicines Corp. (B) 43,363 3,976,387
CRISPR Therapeutics AG (B) 50,300 2,299,213
Exact Sciences Corp. (B) 162,083 6,536,807
Galapagos NV, ADR (B) 31,422 3,134,659
Global Blood Therapeutics, Inc. (B) 35,743 1,726,387
Heron Therapeutics, Inc. (B) 37,000 1,021,200
Ionis Pharmaceuticals, Inc. (B) 40,311 1,776,909
Ironwood Pharmaceuticals, Inc. (B) 120,164 1,854,131
Loxo Oncology, Inc. (B) 17,626 2,033,512
MiMedx Group, Inc. (A)(B) 69,181 482,192
Neurocrine Biosciences, Inc. (B) 41,379 3,431,560
Portola Pharmaceuticals, Inc. (B) 53,212 1,737,904
Sage Therapeutics, Inc. (B) 24,566 3,956,846
Spark Therapeutics, Inc. (B) 25,435 1,693,717
TESARO, Inc. (A)(B) 13,114 749,334
45,920,403
Health care equipment and supplies – 5.7%
DexCom, Inc. (B) 44,417 3,293,965
Globus Medical, Inc., Class A (B) 93,391 4,652,740
Hill-Rom Holdings, Inc. 20,000 1,740,000
Inogen, Inc. (B) 13,338 1,638,440
Insulet Corp. (B) 129,542 11,228,701
OraSure Technologies, Inc. (B) 193,865 3,274,380
25,828,226
Health care providers and services – 0.9%
HealthEquity, Inc. (B) 51,291 3,105,157
Molina Healthcare, Inc. (B) 9,912 804,656
3,909,813
Health care technology – 0.7%
Veeva Systems, Inc., Class A (B) 44,534 3,251,873
Life sciences tools and services – 1.1%
PRA Health Sciences, Inc. (B) 59,455 4,932,387
Pharmaceuticals – 3.2%
Aerie Pharmaceuticals, Inc. (A)(B) 76,341 4,141,499
Dermira, Inc. (B) 58,975 471,210
MyoKardia, Inc. (B) 35,471 1,730,985
Nektar Therapeutics (B) 62,884 6,682,054
Revance Therapeutics, Inc. (B) 42,071 1,295,787
14,321,535
98,164,237
Industrials – 15.5%
Airlines – 1.3%
JetBlue Airways Corp. (B) 293,131 5,956,422
Building products – 0.6%
JELD-WEN Holding, Inc. (B) 92,028 2,817,897
Commercial services and supplies – 1.4%
The Brink’s Company 87,397 6,235,776
Electrical equipment – 1.0%
EnerSys 63,246 4,387,375
Machinery – 6.9%
Actuant Corp., Class A 107,885 2,508,323
Altra Industrial Motion Corp. (A) 73,683 3,385,734
Astec Industries, Inc. 58,635 3,235,479
ITT, Inc. 119,253 5,841,012
Rexnord Corp. (B) 350,737 10,409,874
SPX FLOW, Inc. (B) 116,583 5,734,718
31,115,140
Professional services – 1.5%
CoStar Group, Inc. (B) 18,207 6,603,315
Road and rail – 1.8%
Knight-Swift Transportation
       Holdings, Inc. 87,113 4,008,069
Schneider National, Inc., Class B (A) 154,505 4,026,400
8,034,469
Trading companies and distributors – 1.0%
Beacon Roofing Supply, Inc. (B) 89,422 4,745,626
69,896,020
Information technology – 27.6%
Electronic equipment, instruments and components – 3.5%    
II-VI, Inc. (B) 114,951 4,701,496
Zebra Technologies Corp., Class A (B) 80,015 11,137,288
15,838,784
Internet software and services – 11.3%
2U, Inc. (A)(B) 100,481 8,443,418
Cloudera, Inc. (B) 242,643 5,236,236
Five9, Inc. (B) 124,794 3,717,613
GoDaddy, Inc., Class A (B) 95,483 5,864,566
GrubHub, Inc. (B) 34,615 3,512,384
Mimecast, Ltd. (B) 214,764 7,609,089
Okta, Inc. (B) 165,244 6,584,973
The Trade Desk, Inc., Class A (A)(B) 88,973 4,414,840
Wix.com, Ltd. (B) 65,355 5,198,990
Zillow Group, Inc., Class C (B) 4,073 219,127
50,801,236
IT services – 3.7%
Acxiom Corp. (B) 57,795 1,312,524

214



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Growth Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
IT services (continued)
EPAM Systems, Inc. (B) 52,883 $ 6,056,161
ManTech International Corp., Class A 97,180 5,390,575
Science Applications International Corp. 47,543 3,746,388
16,505,648
Semiconductors and semiconductor equipment – 2.0%  
Entegris, Inc. 139,840 4,866,432
Tower Semiconductor, Ltd. (B) 153,271 4,124,523
8,990,955
Software – 7.1%
DraftKings, Inc. (B)(C)(D) 327,094 467,744
Everbridge, Inc. (B) 68,464 2,505,782
Fair Isaac Corp. (B) 36,006 6,098,336
ForeScout Technologies, Inc. (B) 123,726 4,013,671
Guidewire Software, Inc. (B) 73,003 5,900,832
HubSpot, Inc. (B) 54,500 5,902,350
Proofpoint, Inc. (B) 29,410 3,342,447
Zendesk, Inc. (B) 84,040 4,022,995
32,254,157
124,390,780
Materials – 4.3%
Chemicals – 2.2%
Ferro Corp. (B) 230,901 5,361,521
Ingevity Corp. (B) 58,939 4,343,215
9,704,736
Construction materials – 0.8%
Summit Materials, Inc., Class A (B) 125,156 3,789,724
Metals and mining – 1.3%
Carpenter Technology Corp. 133,254 5,879,166
19,373,626
Real estate – 2.1%
Equity real estate investment trusts – 1.6%
CoreSite Realty Corp. 22,553 2,261,164
Corporate Office Properties Trust 103,333 2,669,091
LaSalle Hotel Properties 70,207 2,036,705
6,966,960
Real estate management and development – 0.5%
Kennedy-Wilson Holdings, Inc. 133,396 2,321,090
9,288,050
Telecommunication services – 0.4%
Diversified telecommunication services – 0.4%
Vonage Holdings Corp. (B) 178,037 1,896,094
TOTAL COMMON STOCKS (Cost $359,763,815) $ 435,966,518
 
PREFERRED SECURITIES – 1.2%
Consumer discretionary – 0.2%
Diversified consumer services – 0.2%
The Honest Company, Inc.,
       Series D (B)(C)(D) 26,954 978,700
Information technology – 1.0%
Software – 1.0%
MarkLogic Corp., Series F (B)(C)(D) 153,423 1,644,695
Zuora, Inc., Series F (B)(C)(D) 403,708 2,765,400
4,410,095
TOTAL PREFERRED SECURITIES (Cost $4,548,973) $ 5,388,795
 
SECURITIES LENDING COLLATERAL – 5.2%
John Hancock Collateral Trust,
       1.8276% (E)(F) 2,331,500 23,319,193
TOTAL SECURITIES LENDING COLLATERAL (Cost  
$23,321,133) $ 23,319,193
 
SHORT-TERM INVESTMENTS – 1.7%  
Repurchase agreement – 1.7%
Societe Generale SA Tri-Party
       Repurchase Agreement dated 3-29-18
       at 1.760% to be repurchased at
       $7,601,486 on 4-2-18, collateralized
       by $4,214,000 Federal Home Loan
       Bank Discount Notes, 0.000% due
       8-24-18 (valued at $4,181,931,
       including interest), $3,589,800
       U.S. Treasury Bills, 0.000% due
       7-19-18 (valued at $3,569,970,
       including interest), and $100
       U.S. Treasury Bonds, 6.750% due
       8-15-26 (valued at $131,
       including interest) 7,600,000 7,600,000
TOTAL SHORT-TERM INVESTMENTS (Cost $7,600,000)     $ 7,600,000
Total Investments (Small Cap Growth Trust)  
       (Cost $395,233,921) – 104.8% $ 472,274,506
Other assets and liabilities, net – (4.8%) (21,545,175 )
TOTAL NET ASSETS – 100.0% $ 450,729,331

Security Abbreviations and Legend

ADR         American Depositary Receipt
(A) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $22,664,557.
(B) Non-income producing security.
(C) 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.
(D) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(E) The rate shown is the annualized seven-day yield as of 3-31-18.
(F) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

Small Cap Index Trust

Shares or
Principal
      Amount       Value
COMMON STOCKS – 97.5%
Consumer discretionary – 11.8%
Auto components – 1.1%
American Axle & Manufacturing
       Holdings, Inc. (A) 26,774 $ 407,500
Cooper Tire & Rubber Company 13,912 407,622
Cooper-Standard Holdings, Inc. (A) 4,595 564,312
Dana, Inc. 39,182 1,009,328
Dorman Products, Inc. (A) 7,292 482,803
Fox Factory Holding Corp. (A) 9,645 336,611
Gentherm, Inc. (A) 9,941 337,497
Horizon Global Corp. (A) 7,367 60,704
LCI Industries 6,523 679,370
Modine Manufacturing Company (A) 13,256 280,364
Motorcar Parts of America, Inc. (A) 5,477 117,372
Shiloh Industries, Inc. (A) 5,029 43,752
Standard Motor Products, Inc. 5,793 275,573
Stoneridge, Inc. (A) 7,254 200,210
Superior Industries International, Inc. 7,246 96,372
Tenneco, Inc. 13,703 751,884
Tower International, Inc. 5,538 153,680
6,204,954

215



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Automobiles – 0.0%
Winnebago Industries, Inc. 8,498 $ 319,525
Distributors – 0.1%
Core-Mark Holding Company, Inc. 12,551 266,834
Weyco Group, Inc. 1,939 65,150
331,984
Diversified consumer services – 1.0%
Adtalem Global Education, Inc. (A) 16,240 772,212
American Public Education, Inc. (A) 4,401 189,243
Bridgepoint Education, Inc. (A) 8,047 54,237
Cambium Learning Group, Inc. (A) 4,030 45,136
Capella Education Company 3,104 271,134
Career Education Corp. (A) 18,516 243,300
Carriage Services, Inc. 4,137 114,429
Chegg, Inc. (A) 26,289 543,131
Grand Canyon Education, Inc. (A) 12,653 1,327,553
Houghton Mifflin Harcourt Company (A) 28,968 201,328
K12, Inc. (A) 10,762 152,605
Laureate Education, Inc., Class A (A) 15,174 208,643
Regis Corp. (A) 9,934 150,301
Sotheby’s (A) 10,402 533,727
Strayer Education, Inc. 2,838 286,780
Weight Watchers International, Inc. (A) 7,568 482,233
5,575,992
Hotels, restaurants and leisure – 3.0%
Belmond, Ltd., Class A (A) 24,362 271,636
Biglari Holdings, Inc. (A) 270 110,271
BJ’s Restaurants, Inc. 5,405 242,685
Bloomin’ Brands, Inc. 24,370 591,704
Bluegreen Vacations Corp. (B) 2,258 47,802
Bojangles’, Inc. (A) 5,219 72,283
Boyd Gaming Corp. (B) 22,361 712,421
Brinker International, Inc. (B) 12,504 451,394
Caesars Entertainment Corp. (A) 36,621 411,986
Carrols Restaurant Group, Inc. (A) 9,800 109,760
Century Casinos, Inc. (A) 8,026 59,874
Churchill Downs, Inc. 3,616 882,485
Chuy’s Holdings, Inc. (A) 4,518 118,372
Cracker Barrel Old Country
       Store, Inc. (B) 5,158 821,154
Dave & Buster’s Entertainment, Inc. (A) 10,990 458,723
Del Frisco’s Restaurant Group, Inc. (A) 6,282 95,801
Del Taco Restaurants, Inc. (A) 9,491 98,327
Denny’s Corp. (A) 17,613 271,769
Dine Brands Global, Inc. 4,653 305,144
Drive Shack, Inc. (A) 18,101 86,523
El Pollo Loco Holdings, Inc. (A) 6,246 59,337
Eldorado Resorts, Inc. (A) 12,615 416,295
Fiesta Restaurant Group, Inc. (A) 7,166 132,571
Fogo De Chao, Inc. (A) 2,793 43,990
Golden Entertainment, Inc. (A) 4,862 112,944
ILG, Inc. 28,749 894,381
International Speedway Corp., Class A 6,613 291,633
J Alexander’s Holdings, Inc. (A) 4,168 47,724
Jack in the Box, Inc. 7,899 674,022
La Quinta Holdings, Inc. (A) 22,082 417,571
Lindblad Expeditions Holdings, Inc. (A) 6,704 68,850
Marriott Vacations Worldwide Corp. 5,733 763,636
Monarch Casino & Resort, Inc. (A) 3,030 128,139
Nathan’s Famous, Inc. 840 62,076
Papa John’s International, Inc. (B) 7,003 401,272
Penn National Gaming, Inc. (A) 22,899 601,328
Pinnacle Entertainment, Inc. (A) 14,311 431,477
Planet Fitness, Inc., Class A (A) 23,380 883,063
PlayAGS, Inc. (A) 3,074 71,501
Potbelly Corp. (A) 7,251 87,375
RCI Hospitality Holdings, Inc. 2,646 75,120
Red Lion Hotels Corp. (A) 5,599 54,590
Red Robin Gourmet Burgers, Inc. (A) 3,475 201,550
Red Rock Resorts, Inc., Class A 18,635 545,633
Ruth’s Hospitality Group, Inc. 7,729 188,974
Scientific Games Corp. (A) 14,442 600,787
SeaWorld Entertainment, Inc. (A)(B) 18,518 274,622
Shake Shack, Inc., Class A (A)(B) 6,153 256,149
Sonic Corp. (B) 10,136 255,731
Speedway Motorsports, Inc. 3,850 68,607
Texas Roadhouse, Inc. 17,939 1,036,515
The Cheesecake Factory, Inc. (B) 11,493 554,192
The Habit Restaurants, Inc.,
       Class A (A)(B) 6,038 53,134
The Marcus Corp. 5,301 160,885
Wingstop, Inc. 7,786 367,733
Zoe’s Kitchen, Inc. (A)(B) 5,529 79,839
17,583,360
Household durables – 1.4%
AV Homes, Inc. (A) 3,559 66,019
Bassett Furniture Industries, Inc. 3,011 91,384
Beazer Homes USA, Inc. (A) 8,694 138,669
Cavco Industries, Inc. (A) 2,312 401,710
Century Communities, Inc. (A) 5,498 164,665
CSS Industries, Inc. 2,979 52,133
Ethan Allen Interiors, Inc. 6,903 158,424
Flexsteel Industries, Inc. 2,444 96,734
GoPro, Inc., Class A (A)(B) 29,955 143,484
Green Brick Partners, Inc. (A) 6,639 72,365
Hamilton Beach Brands Holding
       Company, Class B 1,197 25,400
Helen of Troy, Ltd. (A) 7,314 636,318
Hooker Furniture Corp. 3,211 117,844
Hovnanian Enterprises, Inc., Class A (A) 35,747 65,417
Installed Building Products, Inc. (A) 5,845 350,992
iRobot Corp. (A) 7,300 468,587
KB Home 22,837 649,713
La-Z-Boy, Inc. 12,636 378,448
LGI Homes, Inc. (A)(B) 4,649 328,080
Libbey, Inc. 7,299 35,692
M/I Homes, Inc. (A) 7,173 228,460
MDC Holdings, Inc. 12,122 338,446
Meritage Homes Corp. (A) 10,409 471,007
PICO Holdings, Inc. (A) 6,909 79,108
Taylor Morrison Home Corp.,
       Class A (A) 29,944 697,096
TopBuild Corp. (A) 9,489 726,098
TRI Pointe Group, Inc. (A) 40,427 664,216
Universal Electronics, Inc. (A) 4,010 208,721
William Lyon Homes, Class A (A) 8,649 237,761
ZAGG, Inc. (A) 7,589 92,586
8,185,577
Internet and direct marketing retail – 0.4%
1-800-Flowers.com, Inc., Class A (A) 7,591 89,574
Duluth Holdings, Inc., Class B (A)(B) 3,103 58,119
Gaia, Inc. (A) 2,841 44,036
Groupon, Inc. (A)(B) 91,901 398,850
Lands’ End, Inc. (A)(B) 3,810 88,964
Liberty TripAdvisor Holdings, Inc.,
       Class A (A) 20,010 215,108
Nutrisystem, Inc. 8,145 219,508
Overstock.com, Inc. (A)(B) 4,600 166,750
PetMed Express, Inc. (B) 5,271 220,064

216



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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)
Shutterfly, Inc. (A) 8,795 $ 714,594
2,215,567
Leisure products – 0.3%
Acushnet Holdings Corp. (B) 8,713 201,183
American Outdoor Brands Corp. (A) 14,975 154,542
Callaway Golf Company 25,236 412,861
Clarus Corp. (A) 7,420 50,085
Johnson Outdoors, Inc., Class A 1,375 85,250
Malibu Boats, Inc., Class A (A) 5,723 190,061
MCBC Holdings, Inc. (A) 5,153 129,856
Nautilus, Inc. (A) 8,743 117,593
Sturm Ruger & Company, Inc. (B) 4,526 237,615
Vista Outdoor, Inc. (A) 15,715 256,469
1,835,515
Media – 1.2%
AMC Entertainment Holdings, Inc.,
       Class A (B) 14,775 207,589
Central European Media
Enterprises, Ltd., Class A (A)(B) 23,794 99,935
Clear Channel Outdoor Holdings, Inc.,
       Class A 11,859 58,109
Daily Journal Corp. (A)(B) 366 83,627
Emerald Expositions Events, Inc. 5,218 101,647
Entercom Communications Corp.,
       Class A (B) 34,946 337,229
Entravision Communications Corp.,
       Class A 19,222 90,343
Eros International PLC (A)(B) 8,409 91,658
Gannett Company, Inc. 30,336 302,753
Gray Television, Inc. (A) 21,980 279,146
Hemisphere Media Group, Inc. (A) 4,926 55,418
IMAX Corp. (A) 15,321 294,163
Liberty Media Corp.-Liberty Braves,
       Class A (A) 3,446 78,328
Liberty Media Corp.-Liberty Braves,
       Class C (A) 9,007 205,540
Loral Space & Communications, Inc. (A) 3,487 145,234
MDC Partners, Inc., Class A (A) 16,195 116,604
Media General, Inc. (A)(C) 29,399 2,822
Meredith Corp. (B) 10,689 575,068
MSG Networks, Inc., Class A (A) 16,130 364,538
National CineMedia, Inc. 17,616 91,427
New Media Investment Group, Inc. 14,115 241,931
Nexstar Media Group, Inc., Class A 11,865 789,023
Reading International, Inc., Class A (A) 5,177 86,197
Scholastic Corp. 7,840 304,506
Sinclair Broadcast Group, Inc., Class A 19,369 606,250
The EW Scripps Company, Class A 16,229 194,586
The New York Times Company, Class A 33,799 814,556
tronc, Inc. (A) 5,693 93,479
WideOpenWest, Inc. (A)(B) 7,583 54,218
World Wrestling Entertainment, Inc.,
       Class A 11,363 409,182
7,175,106
Multiline retail – 0.3%
Big Lots, Inc. (B) 11,460 498,854
Dillard’s, Inc., Class A (B) 3,687 296,214
J.C. Penney Company, Inc. (A)(B) 85,596 258,500
Ollie’s Bargain Outlet Holdings, Inc. (A) 12,788 771,116
1,824,684
Specialty retail – 2.2%
Aaron’s, Inc. 17,044 794,250
Abercrombie & Fitch Company, Class A 18,462 446,965
American Eagle Outfitters, Inc. 43,676 870,463
America’s Car-Mart, Inc. (A) 1,930 97,369
Asbury Automotive Group, Inc. (A) 5,035 339,863
Ascena Retail Group, Inc. (A) 51,238 102,988
At Home Group, Inc. (A) 2,993 95,896
Barnes & Noble Education, Inc. (A) 10,961 75,521
Barnes & Noble, Inc. 17,106 84,675
Big 5 Sporting Goods Corp. (B) 6,224 45,124
Boot Barn Holdings, Inc. (A) 5,390 95,565
Caleres, Inc. 11,452 384,787
Camping World Holdings, Inc., Class A 8,533 275,189
Carvana Company (A)(B) 4,240 97,223
Chico’s FAS, Inc. 34,578 312,585
Citi Trends, Inc. 3,813 117,860
Conn’s, Inc. (A) 5,088 172,992
DSW, Inc., Class A 17,661 396,666
Express, Inc. (A) 21,796 156,059
Five Below, Inc. (A) 14,579 1,069,224
Francesca’s Holdings Corp. (A) 10,995 52,776
Genesco, Inc. (A) 5,380 218,428
GNC Holdings, Inc., Class A (A)(B) 19,336 74,637
Group 1 Automotive, Inc. 5,437 355,254
Guess?, Inc. 16,325 338,581
Haverty Furniture Companies, Inc. 5,474 110,301
Hibbett Sports, Inc. (A) 5,353 128,204
Hudson, Ltd., Class A (A) 11,027 175,440
Kirkland’s, Inc. (A) 4,986 48,314
Lithia Motors, Inc., Class A 6,361 639,408
Lumber Liquidators
       Holdings, Inc. (A)(B) 7,701 184,208
MarineMax, Inc. (A) 5,919 115,125
Monro, Inc. 8,600 460,960
National Vision Holdings, Inc. (A) 8,304 268,302
Office Depot, Inc. 138,412 297,586
Party City Holdco, Inc. (A) 9,718 151,601
Pier 1 Imports, Inc. 23,573 75,905
Rent-A-Center, Inc. (B) 12,088 104,319
RH (A)(B) 5,417 516,132
Shoe Carnival, Inc. 3,362 80,016
Sleep Number Corp. (A) 10,529 370,094
Sonic Automotive, Inc., Class A 6,975 132,176
Tailored Brands, Inc. 13,456 337,207
The Buckle, Inc. (B) 7,838 173,612
The Cato Corp., Class A 6,997 103,136
The Children’s Place, Inc. 4,576 618,904
The Finish Line, Inc., Class A (B) 10,879 147,302
Tile Shop Holdings, Inc. 11,435 68,610
Tilly’s, Inc., A Shares 3,833 43,313
Winmark Corp. 655 85,674
Zumiez, Inc. (A) 5,099 121,866
12,628,655
Textiles, apparel and luxury goods – 0.8%
Columbia Sportswear Company 7,807 596,689
Crocs, Inc. (A) 18,947 307,889
Culp, Inc. 3,237 98,890
Deckers Outdoor Corp. (A) 8,473 762,824
Fossil Group, Inc. (A)(B) 12,429 157,848
G-III Apparel Group, Ltd. (A) 11,698 440,781
Movado Group, Inc. 4,269 163,930
Oxford Industries, Inc. 4,421 329,630
Perry Ellis International, Inc. (A) 3,675 94,815
Steven Madden, Ltd. 15,926 699,151
Superior Uniform Group, Inc. 2,474 64,992
Unifi, Inc. (A) 4,369 158,376
Vera Bradley, Inc. (A) 5,717 60,657

217



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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. 25,149 $ 726,806
4,663,278
68,544,197
Consumer staples – 2.3%
Beverages – 0.2%
Coca-Cola Bottling
       Company Consolidated 1,278 220,672
Craft Brew Alliance, Inc. (A) 3,856 71,722
MGP Ingredients, Inc. (B) 3,458 309,802
National Beverage Corp. 3,126 278,277
Primo Water Corp. (A) 7,182 84,101
The Boston Beer Company, Inc.,
       Class A (A) 2,258 426,875
1,391,449
Food and staples retailing – 0.5%
Ingles Markets, Inc., Class A 3,990 135,062
Performance Food Group Company (A) 27,377 817,203
PriceSmart, Inc. 6,010 502,136
Smart & Final Stores, Inc. (A) 6,905 38,323
SpartanNash Company 10,229 176,041
SUPERVALU, Inc. (A) 10,821 164,804
The Andersons, Inc. 7,309 241,928
The Chefs’ Warehouse, Inc. (A) 5,881 135,263
United Natural Foods, Inc. (A) 13,726 589,394
Village Super Market, Inc., Class A 2,594 68,404
Weis Markets, Inc. 2,674 109,581
2,978,139
Food products – 0.9%
B&G Foods, Inc. (B) 17,713 419,798
Calavo Growers, Inc. 4,268 393,510
Cal-Maine Foods, Inc. (A) 7,731 337,845
Darling Ingredients, Inc. (A) 44,368 767,566
Dean Foods Company 24,902 214,655
Farmer Brothers Company (A) 2,553 77,101
Fresh Del Monte Produce, Inc. 8,622 390,059
Freshpet, Inc. (A)(B) 6,817 112,140
Hostess Brands, Inc. (A) 21,965 324,862
J&J Snack Foods Corp. 4,039 551,566
John B. Sanfilippo & Son, Inc. 2,295 132,812
Lancaster Colony Corp. 5,048 621,611
Landec Corp. (A) 7,992 104,296
Limoneira Company 3,695 87,682
Sanderson Farms, Inc. 5,413 644,255
Seneca Foods Corp., Class A (A) 2,280 63,156
Tootsie Roll Industries, Inc. (B) 4,621 136,096
5,379,010
Household products – 0.3%
Central Garden & Pet Company (A) 4,129 177,547
Central Garden & Pet Company,
       Class A (A) 8,155 323,020
HRG Group, Inc. (A) 32,180 530,648
Oil-Dri Corp. of America 1,481 59,521
WD-40 Company 3,710 488,607
1,579,343
Personal products – 0.2%
elf Beauty, Inc. (A) 5,930 114,864
Inter Parfums, Inc. 4,760 224,434
Medifast, Inc. 2,861 267,360
Natural Health Trends Corp. 2,225 42,297
Revlon, Inc., Class A (A)(B) 3,480 71,688
USANA Health Sciences, Inc. (A) 3,064 263,198
983,841
Tobacco – 0.2%
Universal Corp. 6,832 331,352
Vector Group, Ltd. (B) 26,379 537,868
869,220
13,181,002
Energy – 3.5%
Energy equipment and services – 1.3%
Archrock, Inc. 19,596 171,465
Basic Energy Services, Inc. (A) 4,959 71,608
Bristow Group, Inc. 9,139 118,807
C&J Energy Services, Inc. (A) 13,770 355,541
Cactus, Inc., Class A (A) 6,443 173,510
CARBO Ceramics, Inc. (A)(B) 6,868 49,793
Diamond Offshore Drilling, Inc. (A)(B) 17,513 256,741
Dril-Quip, Inc. (A) 10,287 460,858
Ensco PLC, Class A (B) 116,978 513,533
Era Group, Inc. (A) 6,512 60,887
Exterran Corp. (A) 8,655 231,089
Fairmount Santrol Holdings, Inc. (A)(B) 42,998 182,742
Forum Energy Technologies, Inc. (A) 22,130 243,430
Frank’s International NV (B) 15,458 83,937
FTS International, Inc. (A) 6,316 116,151
Helix Energy Solutions Group, Inc. (A) 38,884 225,138
Independence Contract Drilling, Inc. (A) 11,039 41,727
Keane Group, Inc. (A)(B) 14,362 212,558
Liberty Oilfield Services, Inc.,
       Class A (A)(B) 4,176 70,533
Mammoth Energy Services, Inc. (A) 2,144 68,737
Matrix Service Company (A) 7,500 102,750
McDermott International, Inc. (A) 76,533 466,086
Natural Gas Services Group, Inc. (A) 3,623 86,409
NCS Multistage Holdings, Inc. (A) 3,000 45,000
Newpark Resources, Inc. (A) 23,069 186,859
Nine Energy Service, Inc. (A) 2,387 58,123
Noble Corp. PLC (A) 67,164 249,178
Oil States International, Inc. (A) 13,900 364,180
Pioneer Energy Services Corp. (A) 22,079 59,613
ProPetro Holding Corp. (A)(B) 15,512 246,486
RigNet, Inc. (A) 3,840 52,224
Rowan Companies PLC, Class A (A) 31,966 368,888
SEACOR Holdings, Inc. (A) 4,552 232,607
SEACOR Marine Holdings, Inc. (A) 4,778 90,878
Select Energy Services, Inc., Class A (A) 7,613 96,076
Solaris Oilfield Infrastructure, Inc.,
       Class A (A) 5,289 87,586
Superior Energy Services, Inc. (A) 41,928 353,453
TETRA Technologies, Inc. (A) 31,595 118,481
U.S. Silica Holdings, Inc. 22,162 565,574
Unit Corp. (A) 14,242 281,422
7,820,658
Oil, gas and consumable fuels – 2.2%
Abraxas Petroleum Corp. (A) 42,997 95,453
Arch Coal, Inc., Class A 5,094 468,037
Ardmore Shipping Corp. (A) 9,713 73,819
Bonanza Creek Energy, Inc. (A) 5,653 156,645
California Resources Corp. (A)(B) 11,787 202,147
Callon Petroleum Company (A) 54,782 725,314
Carrizo Oil & Gas, Inc. (A) 21,259 340,144
Clean Energy Fuels Corp. (A) 41,492 68,462
Cloud Peak Energy, Inc. (A) 22,251 64,750
CVR Energy, Inc. (B) 4,298 129,886
Delek US Holdings, Inc. 21,615 879,731
Denbury Resources, Inc. (A) 110,191 301,923
DHT Holdings, Inc. 25,006 85,020
Dorian LPG, Ltd. (A) 7,151 53,561

218



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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)
Earthstone Energy, Inc., Class A (A) 5,827 $ 58,969
Evolution Petroleum Corp. 7,820 62,951
Frontline, Ltd. (B) 22,243 98,536
GasLog, Ltd. 11,122 182,957
Gastar Exploration, Inc. (A)(B) 60,384 41,224
Gener8 Maritime, Inc. (A) 13,737 77,614
Golar LNG, Ltd. (B) 25,955 710,129
Green Plains, Inc. 10,577 177,694
Halcon Resources Corp. (A) 38,211 186,088
HighPoint Resources Corp. (A) 27,732 140,879
International Seaways, Inc. (A) 8,094 142,454
Jagged Peak Energy, Inc. (A)(B) 15,841 223,833
Lilis Energy, Inc. (A)(B) 13,042 51,777
Matador Resources Company (A) 26,285 786,184
Midstates Petroleum Company, Inc. (A) 3,575 47,655
NACCO Industries, Inc., Class A 1,197 39,321
Nordic American Tankers, Ltd. (B) 41,241 80,008
Oasis Petroleum, Inc. (A) 72,604 588,092
Overseas Shipholding Group, Inc.,
       Class A (A) 14,979 42,540
Pacific Ethanol, Inc. (A) 13,821 41,463
Panhandle Oil and Gas, Inc., Class A 4,788 92,408
Par Pacific Holdings, Inc. (A) 8,463 145,310
PDC Energy, Inc. (A) 17,951 880,138
Peabody Energy Corp. 17,950 655,175
Penn Virginia Corp. (A) 3,903 136,761
Renewable Energy Group, Inc. (A) 10,431 133,517
Resolute Energy Corp. (A)(B) 6,006 208,108
REX American Resources Corp. (A) 1,615 117,572
Ring Energy, Inc. (A) 13,736 197,112
Sanchez Energy Corp. (A)(B) 22,803 71,373
SandRidge Energy, Inc. (A) 9,706 140,834
Scorpio Tankers, Inc. 74,732 146,475
SemGroup Corp., Class A (B) 18,002 385,243
Ship Finance International, Ltd. (B) 15,604 223,137
SilverBow Resources, Inc. (A) 2,085 60,674
SRC Energy, Inc. (A) 65,600 618,608
Stone Energy Corp. (A) 5,285 196,074
Teekay Corp. (B) 17,446 141,138
Teekay Tankers, Ltd., Class A (B) 63,326 75,358
Tellurian, Inc. (A)(B) 17,147 123,630
Ultra Petroleum Corp. (A) 53,515 223,158
Uranium Energy Corp. (A)(B) 40,658 53,262
W&T Offshore, Inc. (A) 25,843 114,484
WildHorse Resource Development
       Corp. (A)(B) 13,337 254,603
12,819,412
20,640,070
Financials – 17.5%
Banks – 10.1%
1st Source Corp. 4,144 209,769
Access National Corp. 4,392 125,304
ACNB Corp. 1,847 54,025
Allegiance Bancshares, Inc. (A) 3,385 132,523
American National Bankshares, Inc. 2,537 95,391
Ameris Bancorp 9,797 518,261
Ames National Corp. 2,877 79,118
Arrow Financial Corp. 3,444 116,924
Atlantic Capital Bancshares, Inc. (A) 6,110 110,591
Banc of California, Inc. (B) 11,648 224,806
BancFirst Corp. 4,433 235,392
Banco Latinoamericano de Comercio
       Exterior SA 8,169 232,817
BancorpSouth Bank 22,801 725,072
Bank of Commerce Holdings 5,904 68,782
Bank of Marin Bancorp 1,966 135,556
Bankwell Financial Group, Inc. 2,076 67,013
Banner Corp. 8,766 486,425
Bar Harbor Bankshares 4,368 121,081
BCB Bancorp, Inc. 4,328 67,733
Berkshire Hills Bancorp, Inc. 10,608 402,574
Blue Hills Bancorp, Inc. 6,447 134,420
Boston Private Financial Holdings, Inc. 22,675 341,259
Bridge Bancorp, Inc. 5,281 177,178
Brookline Bancorp, Inc. 20,104 325,685
Bryn Mawr Bank Corp. 5,040 221,508
Byline Bancorp, Inc. (A) 4,685 107,427
C&F Financial Corp. 1,063 55,914
Cadence BanCorp 7,853 213,837
Camden National Corp. 4,238 188,591
Capital City Bank Group, Inc. 3,402 84,200
Capstar Financial Holdings, Inc. (A) 3,477 65,472
Carolina Financial Corp. 5,018 197,107
Cathay General Bancorp 20,337 813,073
CenterState Bank Corp. 15,984 424,056
Central Pacific Financial Corp. 7,863 223,781
Central Valley Community Bancorp 3,572 69,868
Century Bancorp, Inc., Class A 981 77,891
Chemical Financial Corp. 19,100 1,044,388
Chemung Financial Corp. 1,159 53,859
Citizens & Northern Corp. 4,065 93,861
City Holding Company 3,951 270,881
Civista Bancshares, Inc. 3,669 83,873
CNB Financial Corp. 4,459 129,712
CoBiz Financial, Inc. 10,469 205,192
Codorus Valley Bancorp, Inc. 2,702 75,980
Columbia Banking System, Inc. 19,331 810,935
Community Bank System, Inc. 13,093 701,261
Community Bankers Trust Corp. (A) 7,783 70,047
Community Trust Bancorp, Inc. 4,244 191,829
ConnectOne Bancorp, Inc. 8,166 235,181
Customers Bancorp, Inc. (A) 7,849 228,798
CVB Financial Corp. 27,940 632,562
DNB Financial Corp. 1,383 49,304
Eagle Bancorp, Inc. (A) 8,587 513,932
Enterprise Financial Services Corp. 5,816 272,770
Equity Bancshares, Inc., Class A (A) 3,103 121,513
Evans Bancorp, Inc. 1,675 75,794
Farmers & Merchants Bancorp, Inc. (B) 2,419 97,655
Farmers Capital Bank Corp. 2,412 96,359
Farmers National Banc Corp. 7,459 103,307
FB Financial Corp. (A) 3,367 136,667
FCB Financial Holdings, Inc.,
       Class A (A) 9,770 499,247
Fidelity Southern Corp. 6,314 145,664
Financial Institutions, Inc. 4,270 126,392
First Bancorp (NC) 7,502 267,446
First BanCorp (PR) (A) 51,913 312,516
First Bancorp, Inc. 3,161 88,445
First Busey Corp. 10,692 317,766
First Business Financial Services, Inc. 3,000 75,480
First Citizens BancShares, Inc., Class A 1,944 803,339
First Commonwealth Financial Corp. 25,447 359,566
First Community Bancshares, Inc. 4,513 134,713
First Connecticut Bancorp, Inc. 4,379 112,102
First Financial Bancorp 16,711 490,468
First Financial Bankshares, Inc. (B) 17,053 789,554
First Financial Corp. 3,135 130,416
First Financial Northwest, Inc. 3,458 57,922

219



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Banks (continued)
First Foundation, Inc. (A) 8,297 $ 153,826
First Internet Bancorp 2,380 88,060
First Interstate BancSystem, Inc.,
       Class A 6,955 275,070
First Merchants Corp. 10,935 455,990
First Mid-Illinois Bancshares, Inc. 3,031 110,480
First Midwest Bancorp, Inc. 27,408 673,963
First Northwest Bancorp (A) 3,783 63,895
Flushing Financial Corp. 7,699 207,565
FNB Bancorp 1,891 69,570
Franklin Financial Network, Inc. (A) 3,538 115,339
Fulton Financial Corp. 45,686 810,927
German American Bancorp, Inc. 5,857 195,331
Glacier Bancorp, Inc. 20,980 805,212
Great Southern Bancorp, Inc. 2,973 148,501
Great Western Bancorp, Inc. 15,844 638,038
Green Bancorp, Inc. (A) 6,770 150,633
Guaranty Bancorp 6,690 189,662
Guaranty Bancshares, Inc. 2,327 77,512
Hancock Holding Company 22,410 1,158,597
Hanmi Financial Corp. 8,379 257,654
HarborOne Bancorp, Inc. (A) 3,530 62,340
Heartland Financial USA, Inc. 6,293 333,844
Heritage Commerce Corp. 10,052 165,657
Heritage Financial Corp. 7,846 240,088
Hilltop Holdings, Inc. 19,788 464,226
Home BancShares, Inc. 42,562 970,839
HomeTrust Bancshares, Inc. (A) 4,955 129,078
Hope Bancorp, Inc. 35,312 642,325
Horizon Bancorp 6,347 190,473
Howard Bancorp, Inc. (A) 2,923 57,875
IBERIABANK Corp. 13,590 1,060,020
Independent Bank Corp. (MA) 7,224 516,877
Independent Bank Corp. (MI) 5,404 123,752
Independent Bank Group, Inc. 5,434 384,184
International Bancshares Corp. 14,895 579,416
Investar Holding Corp. 2,868 74,138
Investors Bancorp, Inc. 66,995 913,812
Lakeland Bancorp, Inc. 12,232 242,805
Lakeland Financial Corp. 6,411 296,381
LCNB Corp. 2,880 54,720
LegacyTexas Financial Group, Inc. 12,870 551,093
Live Oak Bancshares, Inc. 6,286 174,751
Macatawa Bank Corp. 7,778 79,880
MainSource Financial Group, Inc. 6,560 266,664
MB Financial, Inc. 21,822 883,355
MBT Financial Corp. 6,036 64,887
Mercantile Bank Corp. 4,581 152,318
Metropolitan Bank Holding Corp. (A) 1,155 48,637
Midland States Bancorp, Inc. 4,256 134,319
MidSouth Bancorp, Inc. 4,813 60,884
MidWestOne Financial Group, Inc. 3,479 115,816
MutualFirst Financial, Inc. 1,560 56,550
National Bank Holdings Corp., Class A 6,502 216,192
National Bankshares, Inc. 2,111 95,101
National Commerce Corp. (A) 3,359 146,284
NBT Bancorp, Inc. 11,730 416,180
Nicolet Bankshares, Inc. (A) 2,502 137,785
Northeast Bancorp 2,372 48,626
Northrim BanCorp, Inc. 2,194 75,803
Norwood Financial Corp. (B) 1,939 58,345
OFG Bancorp (B) 12,418 129,768
Ohio Valley Banc Corp. (B) 1,452 60,766
Old Line Bancshares, Inc. 2,545 83,985
Old National Bancorp 36,076 609,684
Old Second Bancorp, Inc. 8,084 112,368
Opus Bank 5,338 149,464
Pacific Mercantile Bancorp (A) 5,648 53,938
Pacific Premier Bancorp, Inc. (A) 10,571 424,954
Park National Corp. 3,547 368,037
Peapack Gladstone Financial Corp. 4,922 164,346
Penns Woods Bancorp, Inc. 1,610 68,119
Peoples Bancorp of North Carolina, Inc. 1,819 55,880
Peoples Bancorp, Inc. 4,533 160,695
Peoples Financial Services Corp. 2,003 91,437
People’s Utah Bancorp 3,967 128,134
Preferred Bank 3,619 232,340
Premier Financial Bancorp, Inc. 2,966 55,197
QCR Holdings, Inc. 3,389 151,997
RBB Bancorp 2,468 65,081
Renasant Corp. 12,201 519,275
Republic Bancorp, Inc., Class A 2,592 99,274
Republic First Bancorp, Inc. (A)(B) 14,387 125,167
S&T Bancorp, Inc. 9,010 359,859
Sandy Spring Bancorp, Inc. 8,398 325,506
Seacoast Banking Corp. of Florida (A) 11,292 298,899
ServisFirst Bancshares, Inc. 12,606 514,577
Shore Bancshares, Inc. 4,016 75,742
Sierra Bancorp 3,910 104,162
Simmons First National Corp., Class A 22,336 635,459
SmartFinancial, Inc. (A) 2,689 63,353
South State Corp. 9,611 819,818
Southern First Bancshares, Inc. (A) 1,936 86,152
Southern National Bancorp of
       Virginia, Inc. 6,534 103,499
Southside Bancshares, Inc. 7,275 252,734
State Bank Financial Corp. 10,069 302,171
Sterling Bancorp 57,197 1,289,792
Stock Yards Bancorp, Inc. 6,053 212,460
Summit Financial Group, Inc. 3,537 88,460
Texas Capital Bancshares, Inc. (A) 13,456 1,209,694
The Bancorp, Inc. (A) 13,618 147,074
The Bank of NT Butterfield & Son, Ltd. 13,910 624,281
The Community Financial Corp. 1,407 52,369
The First Bancshares, Inc. 2,997 96,653
The First of Long Island Corp. 6,520 178,974
Tompkins Financial Corp. 3,906 295,919
Towne Bank 17,135 490,061
TriCo Bancshares 5,468 203,519
TriState Capital Holdings, Inc. (A) 6,234 144,941
Triumph Bancorp, Inc. (A) 4,747 195,576
Trustmark Corp. 18,118 564,557
UMB Financial Corp. 12,064 873,313
Umpqua Holdings Corp. 59,525 1,274,430
Union Bankshares Corp. 15,051 552,522
United Bankshares, Inc. 26,990 951,398
United Community Banks, Inc. 19,587 619,929
Univest Corp. of Pennsylvania 7,787 215,700
Valley National Bancorp 69,232 862,631
Veritex Holdings, Inc. (A) 4,544 125,732
Washington Trust Bancorp, Inc. 4,051 217,741
WesBanco, Inc. 11,321 478,878
West Bancorporation, Inc. 4,715 120,704
Westamerica Bancorporation 6,924 402,146
Wintrust Financial Corp. 14,756 1,269,754
58,480,310
Capital markets – 1.4%
Arlington Asset Investment Corp.,
       Class A (B) 7,924 87,481

220



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Capital markets (continued)
Artisan Partners Asset Management, Inc.,
       Class A 12,390 $ 412,587
Associated Capital Group, Inc.,
       Class A (B) 1,406 52,655
B. Riley Financial, Inc. 5,919 115,421
Brightsphere Investment Group PLC 20,514 323,301
Cohen & Steers, Inc. 5,835 237,251
Cowen, Inc. (A) 7,119 93,971
Diamond Hill Investment Group, Inc. 860 177,642
Donnelley Financial Solutions, Inc. (A) 9,355 160,625
Evercore, Inc., Class A 10,345 902,084
Financial Engines, Inc. 15,972 559,020
GAIN Capital Holdings, Inc. 9,529 64,321
GAMCO Investors, Inc., Class A 1,731 42,981
Greenhill & Company, Inc. 6,979 129,112
Hamilton Lane, Inc., Class A 3,800 141,474
Houlihan Lokey, Inc. 6,941 309,569
INTL. FCStone, Inc. (A) 4,206 179,512
Investment Technology Group, Inc. 8,807 173,850
Ladenburg Thalmann Financial
       Services, Inc. 29,652 96,962
Longfin Corp. (A)(B) 2,735 47,206
Moelis & Company, Class A 8,404 427,343
Oppenheimer Holdings, Inc., Class A 2,698 69,474
Piper Jaffray Companies 3,861 320,656
PJT Partners, Inc., Class A 4,770 238,977
Pzena Investment Management, Inc.,
       Class A 5,461 60,781
Safeguard Scientifics, Inc. (A) 6,639 81,328
Stifel Financial Corp. 18,012 1,066,851
Virtu Financial, Inc., Class A (B) 6,778 223,674
Virtus Investment Partners, Inc. 1,900 235,220
Waddell & Reed Financial, Inc., Class A 21,754 439,648
Westwood Holdings Group, Inc. 2,333 131,791
WisdomTree Investments, Inc. 31,903 292,551
7,895,319
Consumer finance – 0.6%
Encore Capital Group, Inc. (A)(B) 6,591 297,913
Enova International, Inc. (A) 9,028 199,067
EZCORP, Inc., Class A (A) 13,647 180,140
FirstCash, Inc. 12,499 1,015,544
Green Dot Corp., Class A (A) 12,487 801,166
LendingClub Corp. (A) 90,145 315,508
Nelnet, Inc., Class A 5,197 272,375
PRA Group, Inc. (A)(B) 12,169 462,422
Regional Management Corp. (A) 3,015 95,998
World Acceptance Corp. (A) 1,667 175,535
3,815,668
Diversified financial services – 0.1%
Cannae Holdings, Inc. (A) 16,570 312,510
Marlin Business Services Corp. 2,657 75,326
NewStar Financial, Inc. 8,978 4,420
On Deck Capital, Inc. (A) 15,132 84,588
476,844
Insurance – 2.3%
Ambac Financial Group, Inc. (A) 12,629 198,023
American Equity Investment Life
       Holding Company 23,410 687,318
AMERISAFE, Inc. 5,174 285,864
AmTrust Financial Services, Inc. 23,757 292,449
Argo Group International Holdings, Ltd. 8,729 501,053
Baldwin & Lyons, Inc., Class B 3,511 77,242
Citizens, Inc. (A)(B) 13,973 102,282
CNO Financial Group, Inc. 44,800 970,816
eHealth, Inc. (A) 4,541 64,982
EMC Insurance Group, Inc. 2,749 74,443
Employers Holdings, Inc. 8,535 345,241
Enstar Group, Ltd. (A) 2,997 630,119
FBL Financial Group, Inc., Class A 2,728 189,187
Federated National Holding Company 3,707 58,459
Genworth Financial, Inc., Class A (A) 137,881 390,203
Global Indemnity, Ltd. 2,455 84,747
Greenlight Capital Re, Ltd., Class A (A) 8,817 141,513
HCI Group, Inc. 2,212 84,410
Health Insurance Innovations, Inc.,
       Class A (A) 3,226 93,231
Heritage Insurance Holdings, Inc. (B) 6,216 94,235
Horace Mann Educators Corp. 11,043 472,088
Independence Holding Company 1,917 68,341
Infinity Property & Casualty Corp. 2,865 339,216
Investors Title Company 426 85,157
James River Group Holdings, Ltd. 7,060 250,418
Kemper Corp. 10,700 609,900
Kingstone Companies, Inc. 3,105 52,164
Kinsale Capital Group, Inc. 3,736 191,769
Maiden Holdings, Ltd. 19,996 129,974
MBIA, Inc. (A) 24,344 225,425
National General Holdings Corp. 13,578 330,081
National Western Life Group, Inc.,
       Class A 637 194,209
NI Holdings, Inc. (A) 3,500 58,450
Primerica, Inc. 11,892 1,148,767
RLI Corp. 10,354 656,340
Safety Insurance Group, Inc. 3,923 301,483
Selective Insurance Group, Inc. 15,470 939,029
State Auto Financial Corp. 4,362 124,622
Stewart Information Services Corp. 5,695 250,238
The Navigators Group, Inc. 5,679 327,394
Third Point Reinsurance, Ltd. (A) 24,796 345,904
Trupanion, Inc. (A)(B) 6,262 187,171
United Fire Group, Inc. 5,672 271,462
United Insurance Holdings Corp. 5,711 109,309
Universal Insurance Holdings, Inc. 8,364 266,812
WMIH Corp. (A)(B) 57,152 81,156
13,382,696
Mortgage real estate investment trusts – 0.8%
AG Mortgage Investment Trust, Inc. 7,995 138,873
Anworth Mortgage Asset Corp. 26,439 126,907
Apollo Commercial Real Estate
       Finance, Inc. 27,701 498,064
Ares Commercial Real Estate Corp. 8,268 102,110
ARMOUR Residential REIT, Inc. 10,884 253,380
Capstead Mortgage Corp. 25,096 217,080
Cherry Hill Mortgage Investment Corp. 3,576 62,723
CYS Investments, Inc. 41,082 276,071
Dynex Capital, Inc. 15,564 103,189
Granite Point Mortgage Trust, Inc. 11,740 194,180
Great Ajax Corp. 5,778 78,292
Hannon Armstrong Sustainable
       Infrastructure Capital, Inc. 13,972 272,454
Invesco Mortgage Capital, Inc. 29,436 482,162
KKR Real Estate Finance Trust, Inc. 4,294 86,138
Ladder Capital Corp. 20,753 312,955
MTGE Investment Corp. 11,496 205,778
New York Mortgage Trust, Inc. 30,332 179,869
Orchid Island Capital, Inc. 14,078 103,755
Owens Realty Mortgage, Inc. 3,526 51,409
PennyMac Mortgage Investment Trust 15,663 282,404
Redwood Trust, Inc. 20,504 317,197

221



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Mortgage real estate investment trusts (continued)
Resource Capital Corp. 9,939 $ 94,520
Sutherland Asset Management Corp. 5,264 79,750
TPG RE Finance Trust, Inc. 5,639 112,160
Western Asset Mortgage Capital Corp. 11,934 115,640
4,747,060
Thrifts and mortgage finance – 2.2%
BankFinancial Corp. 4,265 72,420
Bear State Financial, Inc. 6,926 70,992
Beneficial Bancorp, Inc. 18,521 288,002
BofI Holding, Inc. (A)(B) 15,844 642,157
BSB Bancorp, Inc. (A) 2,715 83,079
Capitol Federal Financial, Inc. 33,788 417,282
Charter Financial Corp. 3,704 75,525
Clifton Bancorp, Inc. 6,154 96,310
Dime Community Bancshares, Inc. 9,069 166,870
Entegra Financial Corp. (A) 2,092 60,668
ESSA Bancorp, Inc. 3,466 50,846
Essent Group, Ltd. (A) 21,737 925,127
Federal Agricultural Mortgage Corp.,
       Class C 2,409 209,631
First Defiance Financial Corp. 2,608 149,491
Flagstar Bancorp, Inc. (A) 5,649 199,975
Hingham Institution for Savings 349 71,894
Home Bancorp, Inc. 1,919 82,843
HomeStreet, Inc. (A) 7,452 213,500
Kearny Financial Corp. 21,265 276,445
LendingTree, Inc. (A)(B) 1,714 562,449
Luther Burbank Corp. 4,392 52,748
Malvern Bancorp, Inc. (A) 2,147 55,822
Merchants Bancorp 2,214 47,601
Meridian Bancorp, Inc. 12,607 254,031
Meta Financial Group, Inc. 2,509 273,983
MGIC Investment Corp. (A) 100,048 1,300,624
Nationstar Mortgage Holdings, Inc. (A) 8,323 149,481
NMI Holdings, Inc., Class A (A) 15,526 256,955
Northfield Bancorp, Inc. 12,202 190,473
Northwest Bancshares, Inc. 24,792 410,556
OceanFirst Financial Corp. 10,746 287,456
Ocwen Financial Corp. (A) 31,323 129,051
Oritani Financial Corp. 10,983 168,589
PCSB Financial Corp. (A) 5,311 111,425
PennyMac Financial Services, Inc.,
       Class A (A) 4,424 100,204
PHH Corp. (A) 9,427 98,606
Provident Financial Holdings, Inc. 2,304 41,679
Provident Financial Services, Inc. 16,254 415,940
Radian Group, Inc. 58,495 1,113,745
Riverview Bancorp, Inc. 6,728 62,840
SI Financial Group, Inc. 3,966 57,110
Southern Missouri Bancorp, Inc. 2,027 74,188
Sterling Bancorp, Inc. 5,242 70,819
Territorial Bancorp, Inc. 2,512 74,506
Timberland Bancorp, Inc. 2,152 65,421
TrustCo Bank Corp. 25,831 218,272
United Community Financial Corp. 13,397 132,094
United Financial Bancorp, Inc. 14,309 231,806
Walker & Dunlop, Inc. 7,493 445,234
Washington Federal, Inc. 22,790 788,534
Waterstone Financial, Inc. 6,653 115,097
Western New England Bancorp, Inc. 8,659 92,218
WSFS Financial Corp. 8,221 393,786
12,996,400
101,794,297
Health care – 16.2%
Biotechnology – 6.3%
Abeona Therapeutics, Inc. (A)(B) 7,980 114,513
Acceleron Pharma, Inc. (A) 10,209 399,172
Achaogen, Inc. (A)(B) 9,662 125,123
Achillion Pharmaceuticals, Inc. (A) 38,049 141,162
Acorda Therapeutics, Inc. (A) 11,958 282,807
Adamas Pharmaceuticals, Inc. (A) 4,769 113,979
Aduro Biotech, Inc. (A)(B) 12,807 119,105
Agenus, Inc. (A) 21,789 102,626
Aimmune Therapeutics, Inc. (A) 9,681 308,146
Akebia Therapeutics, Inc. (A) 12,492 119,049
Alder Biopharmaceuticals, Inc. (A) 17,678 224,511
AMAG Pharmaceuticals, Inc. (A) 9,620 193,843
Amicus Therapeutics, Inc. (A)(B) 50,708 762,648
AnaptysBio, Inc. (A) 4,830 502,706
Apellis Pharmaceuticals, Inc. (A)(B) 3,026 66,905
Ardelyx, Inc. (A) 9,955 50,273
Arena Pharmaceuticals, Inc. (A) 10,669 421,426
ARMO BioSciences, Inc. (A)(B) 1,918 71,752
Array BioPharma, Inc. (A) 54,019 881,590
Atara Biotherapeutics, Inc. (A) 8,969 349,791
Athersys, Inc. (A)(B) 32,236 58,992
Audentes Therapeutics, Inc. (A) 5,548 166,717
Avexis, Inc. (A) 7,621 941,803
Bellicum Pharmaceuticals, Inc. (A)(B) 8,296 54,422
BioCryst Pharmaceuticals, Inc. (A) 27,466 131,013
Biohaven Pharmaceutical Holding
       Company, Ltd. (A) 8,719 224,601
BioSpecifics Technologies Corp. (A) 1,725 76,487
BioTime, Inc. (A)(B) 26,074 70,139
Bluebird Bio, Inc. (A) 13,239 2,260,559
Blueprint Medicines Corp. (A) 11,526 1,056,934
Calithera Biosciences, Inc. (A) 8,759 55,182
Cara Therapeutics, Inc. (A)(B) 7,706 95,400
Catalyst Pharmaceuticals, Inc. (A) 24,685 58,997
Celldex Therapeutics, Inc. (A) 37,207 86,692
ChemoCentryx, Inc. (A) 7,140 97,104
Chimerix, Inc. (A) 14,440 75,088
Clovis Oncology, Inc. (A) 11,913 629,006
Coherus Biosciences, Inc. (A)(B) 11,479 126,843
Conatus Pharmaceuticals, Inc. (A) 8,107 47,588
Concert Pharmaceuticals, Inc. (A) 4,945 113,241
Corbus Pharmaceuticals
       Holdings, Inc. (A)(B) 14,704 89,694
Cue Biopharma, Inc. (A) 2,925 41,096
Cytokinetics, Inc. (A) 11,870 85,464
CytomX Therapeutics, Inc. (A) 7,876 224,072
Deciphera Pharmaceuticals, Inc. (A) 2,474 49,579
Denali Therapeutics, Inc. (A) 4,543 89,452
Dyax Corp. (A)(C) 34,339 108,168
Dynavax Technologies Corp. (A) 16,733 332,150
Eagle Pharmaceuticals, Inc. (A)(B) 2,198 115,813
Edge Therapeutics, Inc. (A) 5,867 6,923
Editas Medicine, Inc. (A)(B) 10,176 337,334
Emergent BioSolutions, Inc. (A) 9,081 478,115
Enanta Pharmaceuticals, Inc. (A) 4,206 340,307
Epizyme, Inc. (A) 13,628 241,897
Esperion Therapeutics, Inc. (A) 4,714 340,964
Exact Sciences Corp. (A) 31,828 1,283,623
Fate Therapeutics, Inc. (A) 13,422 130,999
FibroGen, Inc. (A) 18,915 873,873
Five Prime Therapeutics, Inc. (A) 9,193 157,936
Flexion Therapeutics, Inc. (A)(B) 9,102 203,976
Fortress Biotech, Inc. (A)(B) 10,875 49,481
Foundation Medicine, Inc. (A) 3,900 307,125

222



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Biotechnology (continued)
G1 Therapeutics, Inc. (A) 3,784 $ 140,197
Genomic Health, Inc. (A) 5,521 172,752
Geron Corp. (A)(B) 41,414 176,010
Global Blood Therapeutics, Inc. (A) 10,619 512,898
Halozyme Therapeutics, Inc. (A) 32,444 635,578
Heron Therapeutics, Inc. (A)(B) 14,862 410,191
Idera Pharmaceuticals, Inc. (A)(B) 39,858 73,339
ImmunoGen, Inc. (A) 27,097 285,060
Immunomedics, Inc. (A)(B) 27,640 403,820
Inovio Pharmaceuticals, Inc. (A)(B) 23,385 110,143
Insmed, Inc. (A) 20,719 466,592
Insys Therapeutics, Inc. (A)(B) 6,904 41,700
Intellia Therapeutics, Inc. (A) 4,587 96,740
Invitae Corp. (A)(B) 12,494 58,597
Iovance Biotherapeutics, Inc. (A) 20,083 339,403
Ironwood Pharmaceuticals, Inc. (A) 36,683 566,019
Jounce Therapeutics, Inc. (A)(B) 4,183 93,490
Karyopharm Therapeutics, Inc. (A) 9,832 131,945
Keryx Biopharmaceuticals, Inc. (A)(B) 26,695 109,183
Kindred Biosciences, Inc. (A) 7,656 66,224
Kura Oncology, Inc. (A) 6,145 115,219
La Jolla Pharmaceutical Company (A)(B) 4,919 146,488
Lexicon Pharmaceuticals, Inc. (A)(B) 12,294 105,360
Ligand Pharmaceuticals, Inc. (A)(B) 5,533 913,830
Loxo Oncology, Inc. (A) 6,203 715,640
MacroGenics, Inc. (A) 9,385 236,127
Madrigal Pharmaceuticals, Inc. (A) 1,289 150,542
MediciNova, Inc. (A)(B) 10,941 111,817
Merrimack Pharmaceuticals, Inc. 4,278 34,438
Mersana Therapeutics, Inc. (A) 3,348 52,798
MiMedx Group, Inc. (A)(B) 28,524 198,812
Minerva Neurosciences, Inc. (A) 7,933 49,581
Miragen Therapeutics, Inc. (A) 5,333 37,384
Momenta Pharmaceuticals, Inc. (A) 20,669 375,142
Myriad Genetics, Inc. (A) 17,602 520,139
Natera, Inc. (A) 9,208 85,358
NewLink Genetics Corp. (A)(B) 9,114 66,077
Novavax, Inc. (A)(B) 87,865 184,517
Otonomy, Inc. (A) 9,607 40,349
PDL BioPharma, Inc. (A) 45,351 133,332
Pieris Pharmaceuticals, Inc. (A) 11,254 76,752
Portola Pharmaceuticals, Inc. (A) 15,574 508,647
Progenics Pharmaceuticals, Inc. (A) 20,346 151,781
Protagonist Therapeutics, Inc. (A) 3,170 27,230
Prothena Corp. PLC (A) 10,594 388,906
PTC Therapeutics, Inc. (A) 10,927 295,685
Puma Biotechnology, Inc. (A) 7,929 539,568
Radius Health, Inc. (A)(B) 10,550 379,167
Recro Pharma, Inc. (A) 4,300 47,343
REGENXBIO, Inc. (A) 7,602 226,920
Repligen Corp. (A) 10,365 375,006
Retrophin, Inc. (A) 10,906 243,858
Rhythm Pharmaceuticals, Inc. (A) 2,464 49,034
Rigel Pharmaceuticals, Inc. (A) 41,521 146,984
Sage Therapeutics, Inc. (A) 11,397 1,835,715
Sangamo Therapeutics, Inc. (A) 22,742 432,098
Sarepta Therapeutics, Inc. (A) 16,549 1,226,115
Seres Therapeutics, Inc. (A)(B) 6,097 44,752
Spark Therapeutics, Inc. (A)(B) 7,526 501,156
Spectrum Pharmaceuticals, Inc. (A) 23,521 378,453
Stemline Therapeutics, Inc. (A) 7,491 114,612
Strongbridge Biopharma PLC (A) 8,363 74,013
Syndax Pharmaceuticals, Inc. (A) 3,748 53,334
Synergy Pharmaceuticals, Inc. (A)(B) 69,770 127,679
Syros Pharmaceuticals, Inc. (A) 4,628 60,071
TG Therapeutics, Inc. (A)(B) 13,997 198,757
Tocagen, Inc. (A)(B) 5,206 61,691
Ultragenyx Pharmaceutical, Inc. (A) 12,171 620,599
Vanda Pharmaceuticals, Inc. (A) 12,297 207,204
Veracyte, Inc. (A) 7,894 43,891
Voyager Therapeutics, Inc. (A)(B) 4,825 90,662
Xencor, Inc. (A) 10,458 313,531
ZIOPHARM Oncology, Inc. (A)(B) 36,920 144,726
36,814,747
Health care equipment and supplies – 4.0%
Abaxis, Inc. 5,949 420,118
Accuray, Inc. (A) 23,472 117,360
Analogic Corp. 3,387 324,813
AngioDynamics, Inc. (A) 10,363 178,762
Anika Therapeutics, Inc. (A) 3,896 193,709
Antares Pharma, Inc. (A) 41,632 91,590
AtriCure, Inc. (A) 9,018 185,049
Atrion Corp. 375 236,738
AxoGen, Inc. (A) 7,623 278,240
Cantel Medical Corp. 9,804 1,092,264
Cardiovascular Systems, Inc. (A) 9,060 198,686
Cerus Corp. (A) 35,222 193,017
CONMED Corp. 7,397 468,452
Corindus Vascular Robotics, Inc. (A)(B) 30,955 42,408
CryoLife, Inc. (A) 8,792 176,280
Cutera, Inc. (A) 3,551 178,438
Endologix, Inc. (A) 24,452 103,432
FONAR Corp. (A) 1,915 57,067
GenMark Diagnostics, Inc. (A) 15,086 82,068
Glaukos Corp. (A)(B) 7,788 240,104
Globus Medical, Inc., Class A (A) 18,988 945,982
Haemonetics Corp. (A) 14,495 1,060,454
Halyard Health, Inc. (A) 12,640 582,451
Heska Corp. (A) 1,806 142,800
ICU Medical, Inc. (A) 4,105 1,036,102
Inogen, Inc. (A) 4,651 571,329
Insulet Corp. (A) 15,732 1,363,650
Integer Holdings Corp. (A) 8,461 478,470
Integra LifeSciences Holdings Corp. (A) 17,168 950,077
Invacare Corp. (B) 9,113 158,566
iRhythm Technologies, Inc. (A) 3,848 242,232
K2M Group Holdings, Inc. (A) 11,415 216,314
Lantheus Holdings, Inc. (A) 8,350 132,765
LeMaitre Vascular, Inc. 4,039 146,333
LivaNova PLC (A) 13,098 1,159,173
Masimo Corp. (A) 12,112 1,065,250
Meridian Bioscience, Inc. 11,817 167,801
Merit Medical Systems, Inc. (A) 13,177 597,577
Natus Medical, Inc. (A) 8,289 278,925
Neogen Corp. (A) 13,624 912,672
Nevro Corp. (A) 7,550 654,359
Novocure, Ltd. (A) 15,930 347,274
NuVasive, Inc. (A) 13,734 717,052
NxStage Medical, Inc. (A) 17,775 441,887
OraSure Technologies, Inc. (A) 15,180 256,390
Orthofix International NV (A) 4,677 274,914
Oxford Immunotec Global PLC (A) 7,253 90,300
Penumbra, Inc. (A) 7,898 913,404
Quidel Corp. (A) 7,653 396,502
Quotient, Ltd. (A) 8,268 38,942
Rockwell Medical, Inc. (A)(B) 14,249 74,237
RTI Surgical, Inc. (A) 16,912 77,795
Sientra, Inc. (A)(B) 4,584 44,281
STAAR Surgical Company (A) 11,185 165,538
Surmodics, Inc. (A) 3,732 142,003

223



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Health care equipment and supplies (continued)
Tactile Systems Technology, Inc. (A) 3,611 $ 114,830
Utah Medical Products, Inc. 994 98,257
Varex Imaging Corp. (A) 10,242 366,459
ViewRay, Inc. (A)(B) 8,915 57,323
Wright Medical Group NV (A) 29,000 575,360
22,914,625
Health care providers and services – 2.1%
AAC Holdings, Inc. (A) 3,654 41,948
Aceto Corp. 8,799 66,872
Addus HomeCare Corp. (A) 2,145 104,354
Almost Family, Inc. (A) 3,403 190,568
Amedisys, Inc. (A) 7,691 464,075
American Renal Associates
       Holdings, Inc. (A) 2,992 56,399
AMN Healthcare Services, Inc. (A) 12,697 720,555
BioScrip, Inc. (A) 32,611 80,223
BioTelemetry, Inc. (A) 8,668 269,141
Capital Senior Living Corp. (A) 7,012 75,379
Chemed Corp. 4,210 1,148,741
Civitas Solutions, Inc. (A) 4,817 74,182
Community Health Systems, Inc. (A)(B) 27,335 108,247
CorVel Corp. (A) 2,579 130,368
Cross Country Healthcare, Inc. (A) 10,231 113,666
Diplomat Pharmacy, Inc. (A) 13,071 263,381
Encompass Health Corp. 26,405 1,509,574
HealthEquity, Inc. (A) 13,676 827,945
Kindred Healthcare, Inc. (A) 23,239 212,637
LHC Group, Inc. (A) 4,194 258,183
Magellan Health, Inc. (A) 6,488 694,865
Molina Healthcare, Inc. (A) 12,450 1,010,691
National HealthCare Corp. 3,030 180,679
National Research Corp., Class A 2,605 76,196
Owens & Minor, Inc. 16,739 260,291
PetIQ, Inc. (A)(B) 2,281 60,675
R1 RCM, Inc. (A) 27,193 194,158
RadNet, Inc. (A) 10,330 148,752
Select Medical Holdings Corp. (A) 29,087 501,751
Surgery Partners, Inc. (A)(B) 5,304 90,964
Tenet Healthcare Corp. (A) 22,145 537,016
The Ensign Group, Inc. 13,203 347,239
The Providence Service Corp. (A) 3,073 212,467
Tivity Health, Inc. (A) 9,973 395,429
Triple-S Management Corp., Class B (A) 6,180 161,545
US Physical Therapy, Inc. 3,247 263,981
11,853,137
Health care technology – 0.8%
Allscripts Healthcare Solutions, Inc. (A) 49,227 607,953
Castlight Health, Inc., B Shares (A)(B) 19,974 72,905
Computer Programs & Systems, Inc. (B) 3,222 94,082
Cotiviti Holdings, Inc. (A) 9,849 339,200
Evolent Health, Inc., Class A (A)(B) 16,540 235,695
HealthStream, Inc. 7,094 176,144
HMS Holdings Corp. (A) 23,222 391,058
Inovalon Holdings, Inc., Class A (A)(B) 17,740 188,044
Medidata Solutions, Inc. (A) 15,252 957,978
Omnicell, Inc. (A) 10,229 443,939
Quality Systems, Inc. (A) 14,878 203,085
Simulations Plus, Inc. 3,069 45,268
Tabula Rasa HealthCare, Inc. (A) 3,344 129,747
Teladoc, Inc. (A)(B) 15,720 633,516
Vocera Communications, Inc. (A) 7,967 186,587
4,705,201
Life sciences tools and services – 0.5%
Accelerate Diagnostics, Inc. (A)(B) 7,213 164,817
Cambrex Corp. (A) 8,808 460,658
Codexis, Inc. (A) 10,780 118,580
Enzo Biochem, Inc. (A) 12,855 70,445
Fluidigm Corp. (A) 12,194 71,213
Luminex Corp. 11,082 233,498
Medpace Holdings, Inc. (A) 2,671 93,245
NanoString Technologies, Inc. (A) 7,142 53,636
NeoGenomics, Inc. (A) 16,033 130,829
Pacific Biosciences of
       California, Inc. (A)(B) 33,552 68,782
PRA Health Sciences, Inc. (A) 13,419 1,113,240
Syneos Health, Inc. (A) 14,766 524,193
3,103,136
Pharmaceuticals – 2.5%
Aclaris Therapeutics, Inc. (A)(B) 6,537 114,528
Aerie Pharmaceuticals, Inc. (A) 9,259 502,301
Akcea Therapeutics, Inc. (A)(B) 4,203 107,639
Amphastar Pharmaceuticals, Inc. (A) 10,039 188,231
ANI Pharmaceuticals, Inc. (A) 2,216 129,016
Aratana Therapeutics, Inc. (A) 13,309 58,693
Assembly Biosciences, Inc. (A) 4,409 216,658
Catalent, Inc. (A) 36,191 1,486,002
Chelsea Therapeutics
       International, Ltd. (A)(C) 21,039 1,683
Clearside Biomedical, Inc. (A)(B) 6,075 65,185
Collegium Pharmaceutical, Inc. (A)(B) 6,764 172,820
Corcept Therapeutics, Inc. (A)(B) 24,627 405,114
Corium International, Inc. (A) 5,791 66,423
Depomed, Inc. (A) 16,591 109,335
Dermira, Inc. (A) 10,604 84,726
Dova Pharmaceuticals, Inc. (A)(B) 1,876 50,877
Durect Corp. (A) 40,317 86,278
Horizon Pharma PLC (A) 44,401 630,494
Impax Laboratories, Inc. (A) 19,971 388,436
Innoviva, Inc. (A) 20,356 339,335
Intersect ENT, Inc. (A) 7,153 281,113
Intra-Cellular Therapies, Inc. (A) 11,615 244,496
Kala Pharmaceuticals, Inc. (A) 4,191 66,344
Lannett Company, Inc. (A)(B) 7,930 127,277
Melinta Therapeutics, Inc. (A)(B) 4,610 34,114
Menlo Therapeutics, Inc. (A) 1,945 73,093
MyoKardia, Inc. (A) 5,401 263,569
Nektar Therapeutics (A) 40,668 4,321,382
Neos Therapeutics, Inc. (A)(B) 7,271 60,349
Ocular Therapeutix, Inc. (A) 8,595 55,953
Odonate Therapeutics, Inc. (A) 1,999 42,339
Omeros Corp. (A)(B) 12,532 139,982
Pacira Pharmaceuticals, Inc. (A) 10,798 336,358
Paratek Pharmaceuticals, Inc. (A) 7,595 98,735
Phibro Animal Health Corp., Class A 5,442 216,047
Prestige Brands Holdings, Inc. (A) 14,584 491,772
Reata Pharmaceuticals, Inc.,
       Class A (A)(B) 3,202 65,673
Revance Therapeutics, Inc. (A) 7,430 228,844
Sienna Biopharmaceuticals, Inc. (A) 4,453 83,627
Supernus Pharmaceuticals, Inc. (A) 13,102 600,072
Tetraphase Pharmaceuticals, Inc. (A) 16,721 51,333
The Medicines Company (A) 19,050 627,507
TherapeuticsMD, Inc. (A)(B) 45,826 223,173
Theravance Biopharma, Inc. (A)(B) 11,677 283,167
WaVe Life Sciences, Ltd. (A)(B) 3,199 128,281
Zogenix, Inc. (A) 9,258 370,783

224



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Zynerba Pharmaceuticals, Inc. (A)(B) 3,693 $ 32,092
14,751,249
94,142,095
Industrials – 14.9%
Aerospace and defense – 1.4%
AAR Corp. 8,700 383,757
Aerojet Rocketdyne Holdings, Inc. (A) 18,679 522,452
Aerovironment, Inc. (A) 5,624 255,948
Astronics Corp. (A) 5,721 213,393
Axon Enterprise, Inc. (A)(B) 14,141 555,883
Cubic Corp. 6,829 434,324
Curtiss-Wright Corp. 11,865 1,602,606
Ducommun, Inc. (A) 2,981 90,563
Engility Holdings, Inc. (A) 5,134 125,270
Esterline Technologies Corp. (A) 7,084 518,195
KLX, Inc. (A) 13,618 967,695
Kratos Defense & Security
       Solutions, Inc. (A) 23,461 241,414
Mercury Systems, Inc. (A) 12,663 611,876
Moog, Inc., Class A (A) 8,598 708,561
National Presto Industries, Inc. (B) 1,303 122,156
Sparton Corp. (A) 3,276 57,035
The KeyW Holding Corp. (A) 13,867 108,995
Triumph Group, Inc. 13,197 332,564
Vectrus, Inc. (A) 3,064 114,103
Wesco Aircraft Holdings, Inc. (A) 15,657 160,484
8,127,274
Air freight and logistics – 0.3%
Air Transport Services Group, Inc. (A) 15,953 372,024
Atlas Air Worldwide Holdings, Inc. (A) 6,358 384,341
Echo Global Logistics, Inc. (A) 7,251 200,128
Forward Air Corp. 7,995 422,616
Hub Group, Inc., Class A (A) 8,987 376,106
Radiant Logistics, Inc. (A) 11,638 45,039
1,800,254
Airlines – 0.3%
Allegiant Travel Company 3,394 585,635
Hawaiian Holdings, Inc. 13,705 530,384
SkyWest, Inc. 13,703 745,443
1,861,462
Building products – 1.3%
AAON, Inc. 11,190 436,410
Advanced Drainage Systems, Inc. 9,867 255,555
American Woodmark Corp. (A) 3,767 370,861
Apogee Enterprises, Inc. 7,682 333,015
Armstrong Flooring, Inc. (A) 6,479 87,920
Builders FirstSource, Inc. (A) 29,921 593,633
Caesarstone, Ltd. 6,419 126,133
Continental Building Products, Inc. (A) 10,281 293,523
CSW Industrials, Inc. (A) 3,961 178,443
Gibraltar Industries, Inc. (A) 8,603 291,212
Griffon Corp. 8,247 150,508
Insteel Industries, Inc. 5,136 141,908
JELD-WEN Holding, Inc. (A) 18,285 559,887
Masonite International Corp. (A) 7,709 472,947
NCI Building Systems, Inc. (A) 11,686 206,842
Patrick Industries, Inc. (A) 6,532 404,004
PGT Innovations, Inc. (A) 13,076 243,867
Ply Gem Holdings, Inc. (A) 6,093 131,609
Quanex Building Products Corp. 9,582 166,727
Simpson Manufacturing Company, Inc. 11,015 634,354
Trex Company, Inc. (A) 7,968 866,679
Universal Forest Products, Inc. 16,216 526,209
7,472,246
Commercial services and supplies – 2.4%
ABM Industries, Inc. 15,114 506,017
ACCO Brands Corp. 28,748 360,787
Advanced Disposal Services, Inc. (A) 13,691 305,035
Brady Corp., Class A 12,503 464,486
Casella Waste Systems, Inc., Class A (A) 10,548 246,612
CECO Environmental Corp. 9,434 41,981
Cimpress NV (A) 6,620 1,024,079
Covanta Holding Corp. 31,492 456,634
Deluxe Corp. 12,884 953,545
Ennis, Inc. 7,124 140,343
Essendant, Inc. 11,925 93,015
Healthcare Services Group, Inc. 19,219 835,642
Heritage-Crystal Clean, Inc. (A) 4,124 97,120
Herman Miller, Inc. 16,096 514,267
HNI Corp. 11,779 425,104
Hudson Technologies, Inc. (A)(B) 10,810 53,401
InnerWorkings, Inc. (A) 13,473 121,931
Interface, Inc. 16,139 406,703
Kimball International, Inc., Class B 10,183 173,518
Knoll, Inc. 13,100 264,489
LSC Communications, Inc. 9,610 167,695
Matthews International Corp., Class A 8,502 430,201
McGrath RentCorp 6,309 338,730
Mobile Mini, Inc. 11,977 521,000
MSA Safety, Inc. 9,019 750,742
Multi-Color Corp. 3,734 246,631
Quad/Graphics, Inc. 8,523 216,058
RR Donnelley & Sons Company 19,979 174,417
SP Plus Corp. (A) 4,729 168,352
Steelcase, Inc., Class A 23,137 314,663
Team, Inc. (A)(B) 8,617 118,484
Tetra Tech, Inc. 15,060 737,187
The Brink’s Company 12,383 883,527
UniFirst Corp. 4,104 663,412
US Ecology, Inc. 6,020 320,866
Viad Corp. 5,463 286,534
VSE Corp. 2,417 125,007
13,948,215
Construction and engineering – 1.1%
Aegion Corp. (A) 9,051 207,358
Ameresco, Inc., Class A (A) 5,854 76,102
Argan, Inc. 4,031 173,131
Chicago Bridge & Iron Company NV 27,280 392,832
Comfort Systems USA, Inc. 9,900 408,375
Dycom Industries, Inc. (A) 8,087 870,404
EMCOR Group, Inc. 15,764 1,228,489
Granite Construction, Inc. 10,692 597,255
Great Lakes Dredge & Dock Corp. (A) 17,612 81,015
HC2 Holdings, Inc. (A) 12,668 66,634
KBR, Inc. 38,226 618,879
Layne Christensen Company (A) 5,339 79,658
MasTec, Inc. (A) 17,937 843,936
MYR Group, Inc. (A) 4,531 139,645
Northwest Pipe Company (A) 3,181 55,031
NV5 Global, Inc. (A) 2,222 123,877
Orion Group Holdings, Inc. (A) 9,187 60,542
Primoris Services Corp. 10,778 269,234
Sterling Construction Company, Inc. (A) 7,348 84,208
Tutor Perini Corp. (A) 10,314 227,424
6,604,029

225



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Electrical equipment – 0.7%
Allied Motion Technologies, Inc. 1,987 $ 78,983
Atkore International Group, Inc. (A) 8,893 176,526
AZZ, Inc. 7,152 312,542
Babcock & Wilcox
       Enterprises, Inc. (A)(B) 13,204 57,701
Encore Wire Corp. 5,526 313,324
Energous Corp. (A)(B) 5,318 85,248
EnerSys 11,357 787,835
Generac Holdings, Inc. (A) 16,411 753,429
General Cable Corp. 13,515 400,044
LSI Industries, Inc. 7,866 63,793
Plug Power, Inc. (A)(B) 63,615 120,232
Powell Industries, Inc. 2,798 75,098
Preformed Line Products Company 929 60,469
Sunrun, Inc. (A)(B) 23,917 213,579
Thermon Group Holdings, Inc. (A) 8,889 199,202
TPI Composites, Inc. (A) 2,885 64,768
Vicor Corp. (A) 4,717 134,670
3,897,443
Industrial conglomerates – 0.1%
Raven Industries, Inc. 9,759 342,053
Machinery – 3.7%
Actuant Corp., Class A 16,122 374,837
Alamo Group, Inc. 2,517 276,618
Albany International Corp., Class A 7,742 485,423
Altra Industrial Motion Corp. 7,806 358,686
American Railcar Industries, Inc. (B) 2,218 82,975
Astec Industries, Inc. 5,761 317,892
Barnes Group, Inc. 13,509 809,054
Blue Bird Corp. (A) 3,403 80,651
Briggs & Stratton Corp. 11,274 241,376
Chart Industries, Inc. (A) 8,277 488,591
CIRCOR International, Inc. 4,511 192,439
Columbus McKinnon Corp. 6,130 219,699
Commercial Vehicle Group, Inc. (A) 7,428 57,567
DMC Global, Inc. 3,913 104,673
Douglas Dynamics, Inc. 5,969 258,756
Energy Recovery, Inc. (A)(B) 10,596 87,099
EnPro Industries, Inc. 5,723 442,846
ESCO Technologies, Inc. 6,889 403,351
Evoqua Water Technologies Corp. (A) 13,498 287,372
Federal Signal Corp. 15,802 347,960
Franklin Electric Company, Inc. 12,627 514,550
FreightCar America, Inc. 4,075 54,605
Gencor Industries, Inc. (A) 2,912 46,883
Global Brass & Copper Holdings, Inc. 5,957 199,262
Graham Corp. 3,076 65,888
Hardinge, Inc. 3,740 68,517
Harsco Corp. (A) 21,891 452,049
Hillenbrand, Inc. 16,971 778,969
Hurco Companies, Inc. 1,876 86,108
Hyster-Yale Materials Handling, Inc. 2,800 195,804
John Bean Technologies Corp. 8,440 957,096
Kadant, Inc. 2,877 271,877
Kennametal, Inc. 21,912 879,986
LB Foster Company, Class A (A) 2,520 59,346
Lindsay Corp. (B) 2,783 254,478
Lydall, Inc. (A) 4,536 218,862
Meritor, Inc. (A) 22,500 462,600
Milacron Holdings Corp. (A) 18,140 365,340
Miller Industries, Inc. 3,309 82,725
Mueller Industries, Inc. 15,626 408,776
Mueller Water Products, Inc., Class A 41,644 452,670
Navistar International Corp. (A) 13,470 471,046
NN, Inc. 7,379 177,096
Omega Flex, Inc. 808 52,601
Park-Ohio Holdings Corp. 2,584 100,388
Proto Labs, Inc. (A) 6,651 781,825
RBC Bearings, Inc. (A) 6,302 782,708
REV Group, Inc. 8,252 171,312
Rexnord Corp. (A) 28,043 832,316
Spartan Motors, Inc. 9,296 159,891
SPX Corp. (A) 11,352 368,713
SPX FLOW, Inc. (A) 11,170 549,452
Standex International Corp. 3,385 322,760
Sun Hydraulics Corp. 7,478 400,522
Tennant Company 4,768 322,794
The Eastern Company 1,818 51,813
The Gorman-Rupp Company 4,996 146,133
The Greenbrier Companies, Inc. (B) 7,407 372,202
The Manitowoc Company, Inc. (A) 8,738 248,683
Titan International, Inc. 14,040 177,044
TriMas Corp. (A) 12,324 323,505
Twin Disc, Inc. (A) 2,637 57,328
Wabash National Corp. 15,792 328,632
Watts Water Technologies, Inc., Class A 7,448 578,710
Woodward, Inc. 14,365 1,029,396
21,601,126
Marine – 0.1%
Costamare, Inc. (B) 14,725 91,884
Eagle Bulk Shipping, Inc. (A) 11,283 55,851
Matson, Inc. 11,479 328,759
Safe Bulkers, Inc. (A) 14,766 46,808
Scorpio Bulkers, Inc. 17,001 119,857
643,159
Professional services – 1.3%
Acacia Research Corp. (A) 15,112 52,892
ASGN, Inc. (A) 13,512 1,106,363
Barrett Business Services, Inc. 1,977 163,854
CBIZ, Inc. (A) 13,830 252,398
CRA International, Inc. 2,232 116,711
Exponent, Inc. 6,900 542,685
Forrester Research, Inc. 2,751 114,029
Franklin Covey Company (A) 2,837 76,315
FTI Consulting, Inc. (A) 10,201 493,830
GP Strategies Corp. (A) 3,689 83,556
Heidrick & Struggles International, Inc. 5,072 158,500
Hill International, Inc. (A) 10,338 58,927
Huron Consulting Group, Inc. (A) 6,044 230,276
ICF International, Inc. 4,878 285,119
Insperity, Inc. 9,778 680,060
Kelly Services, Inc., Class A 8,228 238,941
Kforce, Inc. 6,334 171,335
Korn/Ferry International 14,229 734,074
Mistras Group, Inc. (A) 5,257 99,568
Navigant Consulting, Inc. (A) 12,579 242,020
Resources Connection, Inc. 8,637 139,919
RPX Corp. 12,877 137,655
TriNet Group, Inc. (A) 11,190 518,321
TrueBlue, Inc. (A) 11,226 290,753
WageWorks, Inc. (A) 10,894 492,409
Willdan Group, Inc. (A) 2,265 64,213
7,544,723
Road and rail – 0.9%
ArcBest Corp. 7,141 228,869
Avis Budget Group, Inc. (A)(B) 19,610 918,532
Covenant Transportation Group, Inc.,
       Class A (A) 3,403 101,511
Daseke, Inc. (A) 9,245 90,509

226



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Road and rail (continued)
Heartland Express, Inc. 12,854 $ 231,243
Hertz Global Holdings, Inc. (A)(B) 15,072 299,179
Knight-Swift Transportation
       Holdings, Inc. 33,508 1,541,703
Marten Transport, Ltd. 10,471 238,739
Saia, Inc. (A) 6,804 511,321
Schneider National, Inc., Class B (B) 11,376 296,459
Universal Logistics Holdings, Inc. 2,488 52,621
Werner Enterprises, Inc. 12,758 465,667
YRC Worldwide, Inc. (A) 9,103 80,379
5,056,732
Trading companies and distributors – 1.3%
Aircastle, Ltd. 12,952 257,227
Applied Industrial Technologies, Inc. 10,342 753,932
Beacon Roofing Supply, Inc. (A) 18,409 976,966
BMC Stock Holdings, Inc. (A) 18,001 351,920
CAI International, Inc. (A) 4,560 96,946
DXP Enterprises, Inc. (A) 4,498 175,197
Foundation Building Materials, Inc. (A) 4,434 66,111
GATX Corp. (B) 10,208 699,146
GMS, Inc. (A) 8,751 267,431
H&E Equipment Services, Inc. 8,485 326,588
Herc Holdings, Inc. (A) 6,583 427,566
Huttig Building Products, Inc. (A) 8,112 42,426
Kaman Corp. 7,385 458,756
Lawson Products, Inc. (A) 2,168 54,742
MRC Global, Inc. (A) 24,651 405,262
Nexeo Solutions, Inc. (A) 7,440 79,608
NOW, Inc. (A) 29,653 303,054
Rush Enterprises, Inc., Class A (A) 7,803 331,549
Rush Enterprises, Inc., Class B (A) 1,928 77,853
SiteOne Landscape Supply, Inc. (A) 9,126 703,067
Textainer Group Holdings, Ltd. (A) 7,485 126,871
Titan Machinery, Inc. (A) 5,277 124,326
Triton International, Ltd. 12,866 393,700
Veritiv Corp. (A) 3,345 131,124
7,631,368
86,530,084
Information technology – 17.1%
Communications equipment – 1.7%
Acacia Communications, Inc. (A)(B) 5,183 199,338
ADTRAN, Inc. 13,390 208,215
Aerohive Networks, Inc. (A) 10,074 40,699
Applied Optoelectronics, Inc. (A)(B) 5,247 131,490
CalAmp Corp. (A) 9,465 216,559
Calix, Inc. (A) 12,831 87,892
Casa Systems, Inc. (A) 2,014 59,091
Ciena Corp. (A) 38,758 1,003,832
Clearfield, Inc. (A)(B) 3,866 49,871
Comtech Telecommunications Corp. 6,377 190,609
Digi International, Inc. (A) 8,394 86,458
EMCORE Corp. (A) 8,239 46,962
Extreme Networks, Inc. (A) 31,090 344,166
Finisar Corp. (A) 30,932 489,035
Harmonic, Inc. (A) 22,929 87,130
Infinera Corp. (A) 40,319 437,864
InterDigital, Inc. 9,378 690,221
KVH Industries, Inc. (A) 5,109 52,878
Lumentum Holdings, Inc. (A) 16,698 1,065,332
NETGEAR, Inc. (A) 8,475 484,770
NetScout Systems, Inc. (A) 22,933 604,285
Oclaro, Inc. (A) 45,585 435,793
Plantronics, Inc. 8,943 539,889
Quantenna Communications, Inc. (A) 6,476 88,721
Ribbon Communications, Inc. (A) 14,464 73,766
Ubiquiti Networks, Inc. (A)(B) 6,035 415,208
ViaSat, Inc. (A)(B) 14,735 968,384
Viavi Solutions, Inc. (A) 62,144 604,040
9,702,498
Electronic equipment, instruments and components – 2.6%
Anixter International, Inc. (A) 7,867 595,925
AVX Corp. 12,161 201,265
Badger Meter, Inc. 7,494 353,342
Bel Fuse, Inc., Class B 2,844 53,752
Belden, Inc. 11,379 784,468
Benchmark Electronics, Inc. 13,490 402,677
Control4 Corp. (A) 6,989 150,124
CTS Corp. 8,691 236,395
Daktronics, Inc. 10,428 91,871
Electro Scientific Industries, Inc. (A) 8,718 168,519
ePlus, Inc. (A) 3,482 270,551
Fabrinet (A) 9,847 308,999
FARO Technologies, Inc. (A) 4,504 263,034
Fitbit, Inc., Class A (A)(B) 53,797 274,365
II-VI, Inc. (A) 16,240 664,216
Insight Enterprises, Inc. (A) 9,607 335,573
Itron, Inc. (A) 9,236 660,836
KEMET Corp. (A) 15,145 274,579
Kimball Electronics, Inc. (A) 7,211 116,458
Knowles Corp. (A) 24,262 305,459
Littelfuse, Inc. 6,499 1,352,962
Maxwell Technologies, Inc. (A)(B) 11,038 65,455
Mesa Laboratories, Inc. (B) 911 135,229
Methode Electronics, Inc. 9,606 375,595
MTS Systems Corp. 4,905 253,343
Novanta, Inc. (A) 8,597 448,334
OSI Systems, Inc. (A) 4,844 316,168
Park Electrochemical Corp. 5,408 91,071
PC Connection, Inc. 3,303 82,575
Plexus Corp. (A) 9,068 541,632
Rogers Corp. (A) 4,857 580,606
Sanmina Corp. (A) 19,225 502,734
ScanSource, Inc. (A) 6,839 243,126
SYNNEX Corp. 7,816 925,414
Systemax, Inc. 2,911 83,109
Tech Data Corp. (A) 9,459 805,245
TTM Technologies, Inc. (A) 25,068 383,290
VeriFone Systems, Inc. (A) 30,018 461,677
Vishay Intertechnology, Inc. 35,736 664,690
Vishay Precision Group, Inc. (A) 2,846 88,653
14,913,316
Internet software and services – 3.6%
2U, Inc. (A) 12,937 1,087,096
Alarm.com Holdings, Inc. (A) 5,580 210,589
Alteryx, Inc., Class A (A)(B) 6,319 215,731
Amber Road, Inc. (A) 6,554 58,331
Appfolio, Inc., Class A (A) 2,642 107,926
Apptio, Inc., Class A (A) 6,217 176,190
Benefitfocus, Inc. (A)(B) 4,546 110,922
Blucora, Inc. (A) 11,824 290,870
Box, Inc., Class A (A) 21,838 448,771
Brightcove, Inc. (A) 10,702 74,379
Carbonite, Inc. (A) 6,828 196,646
Care.com, Inc. (A) 3,696 60,134
Cars.com, Inc. (A) 19,453 551,103
ChannelAdvisor Corp. (A) 7,624 69,378
Cloudera, Inc. (A) 26,791 578,150
CommerceHub, Inc., Series A (A) 4,006 90,135

227



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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)
CommerceHub, Inc., Series C (A) 7,650 $ 172,049
Cornerstone OnDemand, Inc. (A) 14,394 562,949
Coupa Software, Inc. (A) 8,772 400,179
Endurance International Group
       Holdings, Inc. (A) 16,151 119,517
Envestnet, Inc. (A) 11,834 678,088
Etsy, Inc. (A) 32,712 917,899
Five9, Inc. (A) 14,423 429,661
Gogo, Inc. (A)(B) 16,281 140,505
GrubHub, Inc. (A)(B) 23,215 2,355,626
GTT Communications, Inc. (A) 8,334 472,538
Hortonworks, Inc. (A) 14,108 287,380
Instructure, Inc. (A) 5,856 246,830
Internap Corp. (A) 5,896 64,856
j2 Global, Inc. 12,534 989,183
Limelight Networks, Inc. (A) 25,827 106,149
Liquidity Services, Inc. (A) 8,075 52,488
LivePerson, Inc. (A) 15,056 246,166
MINDBODY, Inc., Class A (A) 11,573 450,190
MuleSoft, Inc., Class A (A) 6,672 293,435
New Relic, Inc. (A) 8,236 610,452
NIC, Inc. 17,968 238,974
Nutanix, Inc., Class A (A) 29,716 1,459,353
Okta, Inc. (A) 5,274 210,169
Q2 Holdings, Inc. (A) 8,696 396,103
QuinStreet, Inc. (A) 10,103 129,015
Quotient Technology, Inc. (A) 20,369 266,834
Reis, Inc. 2,793 59,910
SendGrid, Inc. (A) 2,300 64,722
Shutterstock, Inc. (A) 4,998 240,654
SPS Commerce, Inc. (A) 4,581 293,505
Stamps.com, Inc. (A) 4,401 884,821
TechTarget, Inc. (A) 5,441 108,167
The Meet Group, Inc. (A) 19,558 40,876
The Trade Desk, Inc., Class A (A)(B) 6,645 329,725
TrueCar, Inc. (A)(B) 19,478 184,262
Tucows, Inc., Class A (A)(B) 2,461 137,816
Twilio, Inc., Class A (A) 16,835 642,760
Web.com Group, Inc. (A) 10,441 188,982
XO Group, Inc. (A) 6,784 140,768
Yelp, Inc. (A) 21,596 901,633
Yext, Inc. (A) 6,825 86,336
20,927,876
IT services – 1.9%
Acxiom Corp. (A) 21,487 487,970
Blackhawk Network Holdings, Inc. (A) 14,753 659,459
CACI International, Inc., Class A (A) 6,588 997,094
Cardtronics PLC, Class A (A) 12,429 277,291
Cass Information Systems, Inc. 3,314 197,216
Convergys Corp. 24,872 562,605
CSG Systems International, Inc. 9,034 409,150
EPAM Systems, Inc. (A) 13,417 1,536,515
Everi Holdings, Inc. (A) 18,272 120,047
EVERTEC, Inc. 16,511 269,955
ExlService Holdings, Inc. (A) 8,845 493,286
ManTech International Corp., Class A 6,873 381,245
MAXIMUS, Inc. 17,278 1,153,134
MoneyGram International, Inc. (A) 8,347 71,951
Perficient, Inc. (A) 9,557 219,046
Presidio, Inc. (A) 8,774 137,225
Science Applications International Corp. 11,615 915,262
ServiceSource International, Inc. (A) 22,349 85,150
Sykes Enterprises, Inc. (A) 10,672 308,848
Syntel, Inc. (A) 8,998 229,719
The Hackett Group, Inc. 6,704 107,666
Travelport Worldwide, Ltd. 33,432 546,279
TTEC Holdings, Inc. 3,944 121,081
Unisys Corp. (A)(B) 13,998 150,479
Virtusa Corp. (A) 7,342 355,793
10,793,466
Semiconductors and semiconductor equipment – 3.0%
Advanced Energy Industries, Inc. (A) 10,735 685,967
Alpha & Omega Semiconductor, Ltd. (A) 5,601 86,535
Ambarella, Inc. (A)(B) 8,719 427,144
Amkor Technology, Inc. (A) 28,049 284,136
Axcelis Technologies, Inc. (A) 8,250 202,950
AXT, Inc. (A) 11,064 80,214
Brooks Automation, Inc. 18,806 509,266
Cabot Microelectronics Corp. 6,760 724,064
CEVA, Inc. (A) 5,986 216,693
Cirrus Logic, Inc. (A) 17,149 696,764
Cohu, Inc. 7,624 173,903
Cree, Inc. (A) 26,365 1,062,773
CyberOptics Corp. (A)(B) 2,250 40,500
Diodes, Inc. (A) 10,574 322,084
DSP Group, Inc. (A) 6,445 76,051
Entegris, Inc. 38,322 1,333,606
FormFactor, Inc. (A) 19,703 268,946
GSI Technology, Inc. (A) 4,833 35,813
Ichor Holdings, Ltd. (A) 5,006 121,195
Impinj, Inc. (A)(B) 5,463 71,128
Inphi Corp. (A)(B) 11,553 347,745
Integrated Device Technology, Inc. (A) 36,151 1,104,775
Kopin Corp. (A)(B) 19,525 60,918
Lattice Semiconductor Corp. (A) 33,952 189,113
MACOM Technology Solutions
       Holdings, Inc. (A)(B) 11,164 185,322
MaxLinear, Inc. (A) 16,526 375,967
MKS Instruments, Inc. 14,547 1,682,361
Monolithic Power Systems, Inc. 10,724 1,241,517
Nanometrics, Inc. (A) 6,791 182,678
NeoPhotonics Corp. (A)(B) 9,834 67,363
NVE Corp. 1,393 115,772
PDF Solutions, Inc. (A) 8,057 93,945
Photronics, Inc. (A) 19,015 156,874
Power Integrations, Inc. 7,767 530,874
Rambus, Inc. (A) 29,279 393,217
Rudolph Technologies, Inc. (A) 8,444 233,899
Semtech Corp. (A) 17,735 692,552
Sigma Designs, Inc. (A) 10,958 67,940
Silicon Laboratories, Inc. (A) 11,307 1,016,499
SMART Global Holdings, Inc. (A) 2,599 129,534
SunPower Corp. (A)(B) 16,955 135,301
Synaptics, Inc. (A) 9,315 425,975
Ultra Clean Holdings, Inc. (A) 10,231 196,947
Veeco Instruments, Inc. (A) 13,069 222,173
Xcerra Corp. (A) 14,837 172,851
Xperi Corp. 13,320 281,718
17,723,562
Software – 3.9%
8x8, Inc. (A) 24,362 454,351
A10 Networks, Inc. (A) 14,386 83,727
ACI Worldwide, Inc. (A) 31,558 748,556
Agilysys, Inc. (A) 4,994 59,528
American Software, Inc., Class A 7,825 101,725
Aspen Technology, Inc. (A) 19,712 1,555,080
Blackbaud, Inc. 12,841 1,307,342
Blackline, Inc. (A) 7,534 295,408
Bottomline Technologies, Inc. (A) 10,697 414,509

228



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Software (continued)
Callidus Software, Inc. (A) 18,268 $ 656,735
CommVault Systems, Inc. (A) 10,529 602,259
Digimarc Corp. (A)(B) 2,926 70,078
Ebix, Inc. (B) 6,474 482,313
Ellie Mae, Inc. (A) 9,123 838,769
Everbridge, Inc. (A) 4,636 169,678
Fair Isaac Corp. (A) 7,995 1,354,113
ForeScout Technologies, Inc. (A) 1,667 54,077
Glu Mobile, Inc. (A) 29,835 112,478
HubSpot, Inc. (A) 9,415 1,019,645
Imperva, Inc. (A) 9,252 400,612
MicroStrategy, Inc., Class A (A) 2,617 337,567
Mitek Systems, Inc. (A) 9,087 67,244
MobileIron, Inc. (A) 16,844 83,378
Model N, Inc. (A) 6,645 119,942
Monotype Imaging Holdings, Inc. 11,303 253,752
Park City Group, Inc. (A) 4,379 38,316
Paycom Software, Inc. (A)(B) 13,273 1,425,387
Paylocity Holding Corp. (A) 7,187 368,190
Pegasystems, Inc. 9,888 599,707
Progress Software Corp. 12,367 475,511
Proofpoint, Inc. (A) 11,786 1,339,479
PROS Holdings, Inc. (A) 7,230 238,662
QAD, Inc., Class A 2,749 114,496
Qualys, Inc. (A) 8,669 630,670
Rapid7, Inc. (A) 7,554 193,156
RealPage, Inc. (A) 15,829 815,194
RingCentral, Inc., Class A (A) 17,540 1,113,790
Rosetta Stone, Inc. (A) 4,892 64,330
SailPoint Technologies Holding, Inc. (A) 5,635 116,588
Synchronoss Technologies, Inc. (A) 12,060 127,233
Telenav, Inc. (A) 9,484 51,214
TiVo Corp. 32,383 438,790
Upland Software, Inc. (A) 2,393 68,894
Varonis Systems, Inc. (A) 5,359 324,220
VASCO Data Security
       International, Inc. (A) 8,519 110,321
Verint Systems, Inc. (A) 17,205 732,933
VirnetX Holding Corp. (A)(B) 15,212 60,087
Workiva, Inc. (A) 7,161 169,716
Zendesk, Inc. (A) 26,940 1,289,618
Zix Corp. (A) 16,468 70,318
22,619,686
Technology hardware, storage and peripherals – 0.4%
3D Systems Corp. (A)(B) 29,746 344,756
Avid Technology, Inc. (A) 10,438 47,389
Cray, Inc. (A) 11,129 230,370
Diebold Nixdorf, Inc. 20,831 320,797
Electronics For Imaging, Inc. (A) 12,503 341,707
Immersion Corp. (A) 8,231 98,360
Pure Storage, Inc., Class A (A) 26,347 525,623
Stratasys, Ltd. (A)(B) 14,065 283,832
Super Micro Computer, Inc. (A) 10,522 178,874
USA Technologies, Inc. (A) 13,240 119,160
2,490,868
99,171,272
Materials – 4.2%
Chemicals – 2.1%
A. Schulman, Inc. 7,697 330,971
Advanced Emissions Solutions, Inc. 5,822 66,487
AdvanSix, Inc. (A) 7,883 274,171
AgroFresh Solutions, Inc. (A) 6,431 47,268
American Vanguard Corp. 7,936 160,307
Balchem Corp. 8,623 704,930
Chase Corp. 1,928 224,516
Core Molding Technologies, Inc. 2,307 41,134
Ferro Corp. (A) 22,571 524,099
Flotek Industries, Inc. (A) 16,277 99,290
FutureFuel Corp. 7,244 86,856
GCP Applied Technologies, Inc. (A) 19,320 561,246
Hawkins, Inc. 2,868 100,810
HB Fuller Company 13,571 674,886
Ingevity Corp. (A) 11,430 842,277
Innophos Holdings, Inc. 5,224 210,057
Innospec, Inc. 6,474 444,116
Intrepid Potash, Inc. (A) 26,159 95,219
KMG Chemicals, Inc. 3,486 208,986
Koppers Holdings, Inc. (A) 5,632 231,475
Kraton Corp. (A) 8,040 383,588
Kronos Worldwide, Inc. 6,157 139,148
LSB Industries, Inc. (A)(B) 7,109 43,578
Minerals Technologies, Inc. 9,535 638,368
OMNOVA Solutions, Inc. (A) 12,293 129,077
PolyOne Corp. 21,651 920,601
PQ Group Holdings, Inc. (A) 8,072 112,766
Quaker Chemical Corp. 3,475 514,752
Rayonier Advanced Materials, Inc. 13,436 288,471
Sensient Technologies Corp. 11,629 820,775
Stepan Company 5,380 447,508
Trecora Resources (A) 5,905 80,308
Tredegar Corp. 7,257 130,263
Trinseo SA 11,926 883,120
Tronox, Ltd., Class A 24,244 447,059
Valhi, Inc. 7,492 45,402
11,953,885
Construction materials – 0.2%
Forterra, Inc. (A)(B) 5,574 46,376
Summit Materials, Inc., Class A (A) 29,889 905,039
U.S. Concrete, Inc. (A)(B) 4,189 253,016
United States Lime & Minerals, Inc. 630 46,103
1,250,534
Containers and packaging – 0.1%
Greif, Inc., Class A 6,910 361,048
Greif, Inc., Class B 1,614 94,016
Myers Industries, Inc. 6,464 136,714
UFP Technologies, Inc. (A) 1,888 55,696
647,474
Metals and mining – 1.2%
AK Steel Holding Corp. (A)(B) 86,767 393,055
Allegheny Technologies, Inc. (A) 34,074 806,872
Carpenter Technology Corp. 12,568 554,500
Century Aluminum Company (A) 13,525 223,704
Cleveland-Cliffs, Inc. (A)(B) 80,734 561,101
Coeur Mining, Inc. (A) 49,806 398,448
Commercial Metals Company 31,164 637,615
Compass Minerals International, Inc. (B) 9,222 556,087
Gold Resource Corp. 15,747 71,019
Haynes International, Inc. 3,452 128,104
Hecla Mining Company 105,211 386,124
Kaiser Aluminum Corp. 4,450 449,005
Klondex Mines, Ltd. (A)(B) 51,776 121,674
Materion Corp. 5,367 273,985
Olympic Steel, Inc. 2,885 59,171
Schnitzer Steel Industries, Inc., Class A 7,301 236,187
SunCoke Energy, Inc. (A) 17,778 191,291
TimkenSteel Corp. (A) 11,020 167,394
Warrior Met Coal, Inc. 8,921 249,877

229



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Metals and mining (continued)
Worthington Industries, Inc. 11,756 $ 504,568
6,969,781
Paper and forest products – 0.6%
Boise Cascade Company 10,404 401,594
Clearwater Paper Corp. (A) 4,536 177,358
KapStone Paper and Packaging Corp. 23,479 805,564
Louisiana-Pacific Corp. 39,137 1,125,971
Neenah, Inc. 4,500 352,800
PH Glatfelter Company 12,068 247,756
Schweitzer-Mauduit International, Inc. 8,328 326,041
Verso Corp., Class A (A) 9,401 158,313
3,595,397
24,417,071
Real estate – 6.2%
Equity real estate investment trusts – 5.7%
Acadia Realty Trust 22,583 555,542
Agree Realty Corp. 7,382 354,631
Alexander & Baldwin, Inc. 18,695 432,415
Alexander’s, Inc. 574 218,826
American Assets Trust, Inc. 11,075 370,016
Americold Realty Trust 14,335 273,512
Armada Hoffler Properties, Inc. 12,341 168,948
Ashford Hospitality Prime, Inc. 8,310 80,773
Ashford Hospitality Trust, Inc. 22,107 142,811
Bluerock Residential Growth REIT, Inc. 7,691 65,374
CareTrust REIT, Inc. 20,671 276,991
CatchMark Timber Trust, Inc., Class A 12,167 151,722
CBL & Associates Properties, Inc. 47,286 197,183
Cedar Realty Trust, Inc. 26,929 106,100
Chatham Lodging Trust 12,166 232,979
Chesapeake Lodging Trust 15,953 443,653
City Office REIT, Inc. 10,339 119,519
Community Healthcare Trust, Inc. 4,969 127,902
CorEnergy Infrastructure Trust, Inc. 3,389 127,223
Cousins Properties, Inc. 112,681 978,071
DiamondRock Hospitality Company 53,832 562,006
Easterly Government Properties, Inc. 11,453 233,641
EastGroup Properties, Inc. 9,065 749,313
Education Realty Trust, Inc. 20,516 671,899
Farmland Partners, Inc. 10,375 86,631
First Industrial Realty Trust, Inc. 31,821 930,128
Four Corners Property Trust, Inc. 16,267 375,605
Franklin Street Properties Corp. 29,041 244,235
Front Yard Residential Corp. 14,690 147,635
Getty Realty Corp. 8,460 213,361
Gladstone Commercial Corp. 8,081 140,125
Global Net Lease, Inc. 19,220 324,434
Government Properties Income Trust 26,992 368,711
Gramercy Property Trust 43,302 940,952
Healthcare Realty Trust, Inc. 32,841 910,024
Hersha Hospitality Trust 10,432 186,733
Independence Realty Trust, Inc. 23,705 217,612
Industrial Logistics Properties Trust (A) 5,370 109,226
InfraREIT, Inc. 5,079 98,685
Investors Real Estate Trust 34,049 176,714
iStar, Inc. (A) 18,472 187,860
Jernigan Capital, Inc. 4,183 75,712
Kite Realty Group Trust 22,968 349,803
LaSalle Hotel Properties 30,739 891,738
Lexington Realty Trust 59,626 469,257
LTC Properties, Inc. 10,643 404,434
Mack-Cali Realty Corp. 25,273 422,312
MedEquities Realty Trust, Inc. 9,614 101,043
Monmouth Real Estate Investment Corp. 20,119 302,590
National Health Investors, Inc. 10,729 721,954
National Storage Affiliates Trust 13,410 336,323
New Senior Investment Group, Inc. 23,228 190,005
NexPoint Residential Trust, Inc. 4,974 123,554
NorthStar Realty Europe Corp. 15,582 202,878
One Liberty Properties, Inc. 4,458 98,522
Pebblebrook Hotel Trust 18,508 635,750
Pennsylvania Real Estate
       Investment Trust 19,607 189,208
Physicians Realty Trust 48,702 758,290
PotlatchDeltic Corp. 16,194 842,898
Preferred Apartment Communities, Inc.,
       Class A 10,652 151,152
PS Business Parks, Inc. 5,222 590,295
QTS Realty Trust, Inc., Class A 13,532 490,129
Quality Care Properties, Inc. (A) 26,023 505,627
Ramco-Gershenson Properties Trust 21,924 270,981
Retail Opportunity Investments Corp. 29,447 520,328
Rexford Industrial Realty, Inc. 20,885 601,279
RLJ Lodging Trust 45,659 887,611
Ryman Hospitality Properties, Inc. 11,856 918,247
Sabra Health Care REIT, Inc. 48,258 851,754
Safety Income and Growth, Inc. 3,409 54,510
Saul Centers, Inc. 3,341 170,291
Select Income REIT 17,455 340,023
Seritage Growth Properties, Class A 7,006 249,063
STAG Industrial, Inc. 25,613 612,663
Summit Hotel Properties, Inc. 28,464 387,395
Sunstone Hotel Investors, Inc. 60,574 921,936
Terreno Realty Corp. 14,657 505,813
The GEO Group, Inc. 33,176 679,113
Tier REIT, Inc. 12,905 238,484
UMH Properties, Inc. 9,205 123,439
Universal Health Realty Income Trust 3,508 210,831
Urban Edge Properties 27,909 595,857
Urstadt Biddle Properties, Inc., Class A 8,343 161,020
Washington Prime Group, Inc. 51,271 341,978
Washington Real Estate Investment Trust 21,439 585,285
Whitestone REIT 10,871 112,950
Xenia Hotels & Resorts, Inc. 28,967 571,229
33,065,275
Real estate management and development – 0.5%
Altisource Portfolio Solutions SA (A)(B) 3,078 81,752
Consolidated-Tomoka Land Company 1,143 71,838
Forestar Group, Inc. (A)(B) 2,638 55,794
FRP Holdings, Inc. (A) 1,822 102,032
HFF, Inc., Class A 9,915 492,776
Kennedy-Wilson Holdings, Inc. 32,993 574,078
Marcus & Millichap, Inc. (A) 4,303 155,166
Newmark Group, Inc., Class A (A) 6,464 98,188
Rafael Holdings, Inc., Class B (A) 2,500 12,123
RE/MAX Holdings, Inc., Class A 4,793 289,737
Redfin Corp. (A)(B) 15,933 363,750
Tejon Ranch Company (A) 5,324 123,038
The RMR Group, Inc., Class A 1,818 127,169
The St. Joe Company (A) 12,171 229,423
2,776,864
35,842,139
Telecommunication services – 0.6%
Diversified telecommunication services – 0.5%
ATN International, Inc. 2,857 170,334
Cincinnati Bell, Inc. (A) 11,812 163,596
Cogent Communications Holdings, Inc. 11,167 484,648

230



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Diversified telecommunication services (continued)
Consolidated Communications
       Holdings, Inc. (B) 18,066 $ 198,003
Frontier Communications Corp. (B) 21,998 163,225
Globalstar, Inc. (A) 157,769 108,466
Hawaiian Telcom Holdco, Inc. (A) 1,782 47,544
IDT Corp., Class B (A) 4,999 31,344
Intelsat SA (A) 10,811 40,649
Iridium Communications, Inc. (A) 22,650 254,813
Ooma, Inc. (A) 5,554 60,539
ORBCOMM, Inc. (A) 19,326 181,085
pdvWireless, Inc. (A)(B) 2,787 83,192
Vonage Holdings Corp. (A) 55,362 589,605
Windstream Holdings, Inc. (B) 52,264 73,692
2,650,735
Wireless telecommunication services – 0.1%
Boingo Wireless, Inc. (A) 10,241 253,670
Shenandoah
       Telecommunications Company 12,620 454,320
Spok Holdings, Inc. 6,022 90,029
798,019
3,448,754
Utilities – 3.2%
Electric utilities – 0.9%
ALLETE, Inc. 13,681 988,452
El Paso Electric Company 11,040 563,040
IDACORP, Inc. 13,558 1,196,765
MGE Energy, Inc. 9,593 538,167
Otter Tail Corp. 10,772 466,966
PNM Resources, Inc. 21,561 824,708
Portland General Electric Company 23,981 971,470
5,549,568
Gas utilities – 1.1%
Chesapeake Utilities Corp. 4,349 305,952
New Jersey Resources Corp. 23,282 933,608
Northwest Natural Gas Company 7,743 446,384
ONE Gas, Inc. 13,815 912,066
RGC Resources, Inc. (B) 2,445 62,103
South Jersey Industries, Inc. 21,895 616,563
Southwest Gas Holdings, Inc. 12,831 867,761
Spire, Inc. 12,599 910,908
WGL Holdings, Inc. 13,598 1,137,473
6,192,818
Independent power and renewable electricity producers –
0.4%
Atlantic Power Corp. (A) 38,965 81,827
Dynegy, Inc. (A) 35,141 475,106
NRG Yield, Inc., Class A 10,419 171,288
NRG Yield, Inc., Class C 17,256 293,352
Ormat Technologies, Inc. 10,910 615,106
Pattern Energy Group, Inc., Class A (B) 21,839 377,596
TerraForm Power, Inc., Class A 12,524 134,383
2,148,658
Multi-utilities – 0.4%
Avista Corp. 17,225 882,781
Black Hills Corp. 14,441 784,146
NorthWestern Corp. 13,330 717,154
Unitil Corp. 4,057 188,285
2,572,366
Water utilities – 0.4%
American States Water Company 9,675 513,356
AquaVenture Holdings, Ltd. (A) 3,666 45,532
Artesian Resources Corp., Class A 2,574 93,900
Cadiz, Inc. (A)(B) 6,623 89,411
California Water Service Group 12,946 482,239
Connecticut Water Service, Inc. 3,285 198,841
Consolidated Water Company, Ltd. 4,821 70,146
Middlesex Water Company 4,546 166,838
Pure Cycle Corp. (A) 5,691 53,780
SJW Group 4,523 238,407
The York Water Company 3,985 123,535
2,075,985
18,539,395
TOTAL COMMON STOCKS (Cost $395,480,764) $ 566,250,376
 
PREFERRED SECURITIES – 0.0%
Consumer discretionary – 0.0%
Media – 0.0%
GCI Liberty, Inc., 5.000% 1,451 33,881
TOTAL PREFERRED SECURITIES (Cost $7,218) $ 33,881
 
RIGHTS – 0.0%
Babcock & Wilcox Enterprises, Inc.
       (Expiration Date: 4-10-18; Strike
       Price: $2.00) (A)(B) 13,204 25,325
TOTAL RIGHTS (Cost $0) $ 25,325
 
WARRANTS – 0.0%
Education Management Corp.
       (Expiration Date: 1-5-22) (A)(D) 7,794 30
TOTAL WARRANTS (Cost $0) $ 30
 
SECURITIES LENDING COLLATERAL – 7.6%
John Hancock Collateral Trust,
       1.8276% (E)(F) 4,422,643 44,234,390
TOTAL SECURITIES LENDING COLLATERAL (Cost
$44,243,521) $ 44,234,390
 
SHORT-TERM INVESTMENTS – 2.4%
U.S. Government Agency – 0.9%
Federal Home Loan Bank Discount Note
       1.480%, 04/02/2018 * $ 5,000,000 5,000,000
Repurchase agreement – 1.5%
Repurchase Agreement with State Street
       Corp. dated 3-29-18 at 0.740% to be
       repurchased at $8,600,707 on 4-2-18,
       collateralized by $9,165,000
       U.S. Treasury Notes, 2.000% due
       2-15-25 (valued at $8,772,582,
       including interest) 8,600,000 8,600,000
TOTAL SHORT-TERM INVESTMENTS (Cost $13,599,794) $ 13,600,000
Total Investments (Small Cap Index Trust)
       (Cost $453,331,297) – 107.5% $ 624,144,002
Other assets and liabilities, net – (7.5%) (43,456,241 )
TOTAL NET ASSETS – 100.0% $ 580,687,761

Security Abbreviations and Legend

(A)

     

Non-income producing security.

(B)

A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $43,131,642.

(C)

Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(D)

Strike price and/or expiration date not available.

(E)

The rate shown is the annualized seven-day yield as of 3-31-18.

(F)

Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

231



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

*       

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.

DERIVATIVES

FUTURES

                                    Unrealized
Number of Expiration Notional Notional appreciation
Open contracts contracts Position date basis* value* (depreciation)
Russell 2000 Index E-Mini Futures 204 Long Jun 2018 $16,032,698 $15,618,240 $(414,458 )
$(414,458 )

* Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

See Notes to Portfolio of Investments regarding investment transactions and other derivatives information.

Small Cap Opportunities Trust

Shares or
Principal      
Amount Value
COMMON STOCKS – 99.3%
Consumer discretionary – 15.5%
Auto components – 1.7%
Adient PLC 2,870 $ 171,511
American Axle & Manufacturing
       Holdings, Inc. (A) 7,509 114,287
Cooper Tire & Rubber Company 5,058 148,199
Cooper-Standard Holdings, Inc. (A) 1,311 161,004
Dana, Inc. 3,541 91,216
Fox Factory Holding Corp. (A) 15,753 549,780
Gentex Corp. 15,707 361,575
Gentherm, Inc. (A) 866 29,401
Horizon Global Corp. (A) 15,562 128,231
Modine Manufacturing Company (A) 6,862 145,131
Motorcar Parts of America, Inc. (A) 1,585 33,967
Shiloh Industries, Inc. (A) 1,515 13,181
Standard Motor Products, Inc. 3,063 145,707
Stoneridge, Inc. (A) 1,672 46,147
Strattec Security Corp. 924 33,587
Superior Industries International, Inc. 3,067 40,791
The Goodyear Tire & Rubber Company 14,684 390,301
Tower International, Inc. 1,403 38,933
VOXX International Corp. (A) 3,131 15,498
2,658,447
Automobiles – 0.0%
Winnebago Industries, Inc. 1,336 50,234
Distributors – 0.4%
Core-Mark Holding Company, Inc. 1,227 26,086
Pool Corp. 4,011 586,488
Weyco Group, Inc. 1,316 44,218
656,792
Diversified consumer services – 1.5%
Adtalem Global Education, Inc. (A) 5,378 255,724
American Public Education, Inc. (A) 1,450 62,350
Ascent Capital Group, Inc., Class A (A) 3,168 11,658
Bridgepoint Education, Inc. (A) 3,463 23,341
Career Education Corp. (A) 3,146 41,338
Carriage Services, Inc. 1,797 49,705
Graham Holdings Company, Class B 516 310,761
Grand Canyon Education, Inc. (A) 13,680 1,435,306
Houghton Mifflin Harcourt Company (A) 5,833 40,539
K12, Inc. (A) 3,438 48,751
Lincoln Educational Services Corp. (A) 1,100 2,123
Regis Corp. (A) 4,970 75,196
Universal Technical Institute, Inc. (A) 3,087 9,076
2,365,868
Hotels, restaurants and leisure – 2.0%
Ark Restaurants Corp. 64 1,536
BBX Capital Corp. 1,743 16,053
Belmond, Ltd., Class A (A) 11,516 128,403
Biglari Holdings, Inc. (A) 32 13,069
BJ’s Restaurants, Inc. 1,290 57,921
Bojangles’, Inc. (A) 1,602 22,188
Boyd Gaming Corp. (B) 873 27,814
Carrols Restaurant Group, Inc. (A) 1,688 18,906
Chuy’s Holdings, Inc. (A) 19,759 517,686
Dave & Buster’s Entertainment, Inc. (A) 13,635 569,125
Del Frisco’s Restaurant Group, Inc. (A) 1,609 24,537
Del Taco Restaurants, Inc. (A) 2,438 25,258
Dine Brands Global, Inc. 344 22,560
Dover Motorsports, Inc. 400 840
El Pollo Loco Holdings, Inc. (A) 1,424 13,528
Eldorado Resorts, Inc. (A) 683 22,539
Extended Stay America, Inc. 5,624 111,186
Fiesta Restaurant Group, Inc. (A) 1,348 24,938
ILG, Inc. 7,047 219,232
International Game Technology PLC 16,628 444,466
La Quinta Holdings, Inc. (A) 5,730 108,354
Luby’s, Inc. (A) 6,251 17,378
Marriott Vacations Worldwide Corp. 1,432 190,742
Monarch Casino & Resort, Inc. (A) 1,278 54,047
Playa Hotels & Resorts NV (A) 1,326 13,552
Potbelly Corp. (A) 2,073 24,980
RCI Hospitality Holdings, Inc. 1,603 45,509
Red Lion Hotels Corp. (A) 3,000 29,250
Red Robin Gourmet Burgers, Inc. (A) 1,300 75,400
Speedway Motorsports, Inc. 5,924 105,566
The Cheesecake Factory, Inc. (B) 565 27,244
The Marcus Corp. 3,316 100,641
3,074,448
Household durables – 2.2%
AV Homes, Inc. (A) 1,798 33,353
Bassett Furniture Industries, Inc. 2,333 70,807
Cavco Industries, Inc. (A) 606 105,293
Century Communities, Inc. (A) 1,640 49,118
CSS Industries, Inc. 976 17,080
Emerson Radio Corp. (A) 4,869 7,109
Ethan Allen Interiors, Inc. 1,706 39,153
Flexsteel Industries, Inc. 1,750 69,265
Hamilton Beach Brands Holding
       Company, Class A 1,400 29,708
Helen of Troy, Ltd. (A) 1,593 138,591

232



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Household durables (continued)
Hooker Furniture Corp. 2,121 $ 77,841
KB Home 6,043 171,923
La-Z-Boy, Inc. 5,818 174,249
Lennar Corp., A Shares 4,095 241,359
Libbey, Inc. 1,103 5,394
Lifetime Brands, Inc. 2,931 36,344
M/I Homes, Inc. (A) 2,195 69,911
MDC Holdings, Inc. 4,794 133,848
Meritage Homes Corp. (A) 3,432 155,298
PICO Holdings, Inc. (A) 2,493 28,545
PulteGroup, Inc. 14,986 441,937
Taylor Morrison Home Corp.,
       Class A (A) 4,801 111,767
The New Home Company, Inc. (A) 831 9,207
Toll Brothers, Inc. 15,015 649,399
TopBuild Corp. (A) 2,306 176,455
TRI Pointe Group, Inc. (A) 16,198 266,133
Universal Electronics, Inc. (A) 521 27,118
William Lyon Homes, Class A (A) 2,694 74,058
3,410,263
Internet and direct marketing retail – 0.2%
1-800-Flowers.com, Inc., Class A (A) 3,234 38,161
FTD Companies, Inc. (A) 1,934 7,040
Liberty Expedia Holdings, Inc.,
       Series A (A) 1,662 65,283
Liberty TripAdvisor Holdings, Inc.,
       Class A (A) 4,522 48,612
Overstock.com, Inc. (A)(B) 1,209 43,826
Shutterfly, Inc. (A) 532 43,225
246,147
Leisure products – 0.2%
Callaway Golf Company 9,628 157,514
Escalade, Inc. 3,529 48,347
JAKKS Pacific, Inc. (A) 2,278 4,784
Johnson Outdoors, Inc., Class A 1,448 89,776
Nautilus, Inc. (A) 1,580 21,251
Vista Outdoor, Inc. (A) 3,475 56,712
378,384
Media – 0.8%
A.H. Belo Corp., Class A 4,238 21,826
AMC Entertainment Holdings, Inc.,
       Class A (B) 4,473 62,846
Ballantyne Strong, Inc. (A) 1,114 4,957
Beasley Broadcast Group, Inc., Class A 502 5,673
Cinemark Holdings, Inc. 1,871 70,481
Entravision Communications Corp.,
       Class A 5,075 23,853
Gannett Company, Inc. 8,543 85,259
Global Eagle Entertainment, Inc. (A)(B) 1,300 1,911
Gray Television, Inc. (A) 7,587 96,355
Harte-Hanks, Inc. (A) 831 7,662
Hemisphere Media Group, Inc. (A) 951 10,699
IMAX Corp. (A) 1,219 23,405
John Wiley & Sons, Inc., Class A 1,154 73,510
Liberty Latin America, Ltd., Class A (A) 404 7,858
Liberty Latin America, Ltd., Class C (A) 1,302 24,855
Lions Gate Entertainment Corp., Class B 464 11,173
Media General, Inc. (A)(C) 292 28
Meredith Corp. (B) 3,097 166,619
New Media Investment Group, Inc. 2,560 43,878
Nexstar Media Group, Inc., Class A 1,392 92,568
Reading International, Inc., Class A (A) 1,100 18,315
Salem Media Group, Inc. 4,439 15,980
Scholastic Corp. 2,233 86,730
Sinclair Broadcast Group, Inc., Class A 1,839 57,561
TEGNA, Inc. 4,168 47,474
The EW Scripps Company, Class A 5,843 70,058
Tribune Media Company, Class A 1,811 73,364
1,204,898
Multiline retail – 1.1%
Dillard’s, Inc., Class A (B) 3,097 248,813
Fred’s, Inc., Class A 2,000 5,980
J.C. Penney Company, Inc. (A)(B) 23,315 70,411
Kohl’s Corp. 12,703 832,174
Macy’s, Inc. 19,773 588,049
Tuesday Morning Corp. (A)(B) 2,100 8,295
1,753,722
Specialty retail – 4.4%
Aaron’s, Inc. 5,117 238,452
Abercrombie & Fitch Company, Class A 5,916 143,226
Advance Auto Parts, Inc. 737 87,371
American Eagle Outfitters, Inc. 7,348 146,446
America’s Car-Mart, Inc. (A) 1,063 53,628
Ascena Retail Group, Inc. (A) 11,786 23,690
AutoNation, Inc. (A) 8,182 382,754
Barnes & Noble Education, Inc. (A) 6,174 42,539
Barnes & Noble, Inc. 6,995 34,625
Bed Bath & Beyond, Inc. 9,468 198,733
Big 5 Sporting Goods Corp. (B) 2,004 14,529
Boot Barn Holdings, Inc. (A) 2,280 40,424
Build-A-Bear Workshop, Inc. (A) 2,470 22,601
Burlington Stores, Inc. (A) 10,811 1,439,485
Caleres, Inc. 5,467 183,691
Chico’s FAS, Inc. 7,145 64,591
Christopher & Banks Corp. (A) 488 522
Citi Trends, Inc. 2,095 64,756
Conn’s, Inc. (A) 76 2,584
Dick’s Sporting Goods, Inc. 4,295 150,540
DSW, Inc., Class A 6,370 143,070
Express, Inc. (A) 3,676 26,320
Five Below, Inc. (A) 13,868 1,017,079
Foot Locker, Inc. 5,226 237,992
Francesca’s Holdings Corp. (A) 1,431 6,869
GameStop Corp., Class A (B) 10,093 127,374
Genesco, Inc. (A) 2,034 82,580
Group 1 Automotive, Inc. 2,247 146,819
Guess?, Inc. 6,368 132,072
Haverty Furniture Companies, Inc. 1,920 38,688
Hibbett Sports, Inc. (A) 1,307 31,303
Lithia Motors, Inc., Class A 4,783 480,787
MarineMax, Inc. (A) 3,599 70,001
Monro, Inc. 1,197 64,159
New York & Company, Inc. (A) 5,638 19,056
Office Depot, Inc. 33,557 72,148
Party City Holdco, Inc. (A) 633 9,875
Penske Automotive Group, Inc. 5,891 261,148
Pier 1 Imports, Inc. 6,713 21,616
Rent-A-Center, Inc. (B) 1,084 9,355
Shoe Carnival, Inc. 2,051 48,814
Signet Jewelers, Ltd. 4,374 168,486
Sonic Automotive, Inc., Class A 1,811 34,318
Stage Stores, Inc. (B) 5,877 12,812
Tandy Leather Factory, Inc. (A) 1,690 11,915
The Cato Corp., Class A 1,957 28,846
The Finish Line, Inc., Class A (B) 3,829 51,845
Tile Shop Holdings, Inc. 1,300 7,800
Tilly’s, Inc., A Shares 712 8,046
Trans World Entertainment Corp. (A) 6,243 7,804

233



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Specialty retail (continued)
Urban Outfitters, Inc. (A) 5,172 $ 191,157
Vitamin Shoppe, Inc. (A) 1,983 8,626
Zumiez, Inc. (A) 2,122 50,716
6,964,683
Textiles, apparel and luxury goods – 1.0%
Crocs, Inc. (A) 4,206 68,348
Culp, Inc. 334 10,204
Deckers Outdoor Corp. (A) 2,599 233,988
Delta Apparel, Inc. (A) 500 9,010
Fossil Group, Inc. (A)(B) 1,707 21,679
G-III Apparel Group, Ltd. (A) 3,397 127,999
Lakeland Industries, Inc. (A) 1,110 14,375
Movado Group, Inc. 1,758 67,507
Oxford Industries, Inc. 7,734 576,647
Perry Ellis International, Inc. (A) 2,088 53,870
Ralph Lauren Corp. 581 64,956
Rocky Brands, Inc. 1,478 31,703
Steven Madden, Ltd. 513 22,521
Superior Uniform Group, Inc. 663 17,417
Unifi, Inc. (A) 2,910 105,488
Vera Bradley, Inc. (A) 2,034 21,581
Wolverine World Wide, Inc. 6,487 187,474
1,634,767
24,398,653
Consumer staples – 2.4%
Beverages – 0.0%
Craft Brew Alliance, Inc. (A) 2,909 54,107
Food and staples retailing – 0.9%
Ingles Markets, Inc., Class A 2,495 84,456
Performance Food Group Company (A) 1,293 38,596
PriceSmart, Inc. 5,582 466,376
Rite Aid Corp. (A)(B) 12,486 20,976
Smart & Final Stores, Inc. (A) 1,985 11,017
SpartanNash Company 4,194 72,179
SUPERVALU, Inc. (A) 1,123 17,103
The Andersons, Inc. 3,784 125,250
The Chefs’ Warehouse, Inc. (A) 1,493 34,339
United Natural Foods, Inc. (A) 3,818 163,945
US Foods Holding Corp. (A) 7,770 254,623
Village Super Market, Inc., Class A 685 18,063
Weis Markets, Inc. 3,071 125,850
1,432,773
Food products – 1.0%
Alico, Inc. 341 9,275
B&G Foods, Inc. (B) 1,941 46,002
Cal-Maine Foods, Inc. (A) 300 13,110
Darling Ingredients, Inc. (A) 13,547 234,363
Dean Foods Company 8,717 75,141
Farmer Brothers Company (A) 1,069 32,284
Fresh Del Monte Produce, Inc. 3,135 141,827
Hostess Brands, Inc. (A) 1,839 27,199
John B. Sanfilippo & Son, Inc. 1,168 67,592
Landec Corp. (A) 3,130 40,847
Limoneira Company 199 4,722
Post Holdings, Inc. (A) 4,039 305,995
Sanderson Farms, Inc. 2,059 245,062
Seaboard Corp. 58 247,370
Seneca Foods Corp., Class A (A) 1,409 39,029
TreeHouse Foods, Inc. (A) 2,369 90,662
1,620,480
Household products – 0.3%
Central Garden & Pet Company (A) 2,053 88,279
Central Garden & Pet Company,
       Class A (A) 4,834 191,475
Oil-Dri Corp. of America 531 21,341
Orchids Paper Products Company (A)(B) 1,176 9,584
Spectrum Brands Holdings, Inc. (B) 639 66,264
376,943
Personal products – 0.1%
Edgewell Personal Care Company (A) 598 29,194
Inter Parfums, Inc. 1,604 75,629
Mannatech, Inc. 276 4,333
Natural Alternatives
       International, Inc. (A) 200 2,200
111,356
Tobacco – 0.1%
Universal Corp. 2,175 105,488
3,701,147
Energy – 6.6%
Energy equipment and services – 2.2%
Archrock, Inc. 9,027 78,986
Basic Energy Services, Inc. (A) 1,957 28,259
Bristow Group, Inc. 4,775 62,075
CARBO Ceramics, Inc. (A)(B) 883 6,402
Dawson Geophysical Company (A) 3,760 25,342
Dril-Quip, Inc. (A) 3,610 161,728
ENGlobal Corp. (A) 4,600 3,827
Ensco PLC, Class A (B) 25,374 111,392
Era Group, Inc. (A) 4,560 42,636
Exterran Corp. (A) 4,737 126,478
Forum Energy Technologies, Inc. (A) 6,662 73,282
Geospace Technologies Corp. (A) 516 5,093
Gulf Island Fabrication, Inc. 3,019 21,435
Helix Energy Solutions Group, Inc. (A) 14,129 81,807
Helmerich & Payne, Inc. (B) 8,012 533,279
Hornbeck Offshore Services, Inc. (A) 5,300 15,423
Matrix Service Company (A) 2,731 37,415
McDermott International, Inc. (A) 21,949 133,669
Mitcham Industries, Inc. (A) 2,431 7,876
Nabors Industries, Ltd. 29,897 208,980
Natural Gas Services Group, Inc. (A) 2,620 62,487
Newpark Resources, Inc. (A) 12,359 100,108
Noble Corp. PLC (A) 17,780 65,964
Oceaneering International, Inc. 8,109 150,341
Oil States International, Inc. (A) 4,041 105,874
Parker Drilling Company (A) 22,288 14,153
Patterson-UTI Energy, Inc. 14,112 247,101
PHI, Inc. (A) 443 4,510
PHI, Inc., Non-Voting Shares (A) 2,850 29,184
Pioneer Energy Services Corp. (A) 7,371 19,902
RigNet, Inc. (A) 208 2,829
Rowan Companies PLC, Class A (A) 12,998 149,997
SEACOR Holdings, Inc. (A) 2,419 123,611
SEACOR Marine Holdings, Inc. (A) 2,432 46,257
Superior Energy Services, Inc. (A) 14,062 118,543
TETRA Technologies, Inc. (A) 4,581 17,179
Tidewater, Inc. (A) 391 11,187
Transocean, Ltd. (A)(B) 17,739 175,616
U.S. Silica Holdings, Inc. 3,645 93,020
Unit Corp. (A) 6,259 123,678
3,426,925
Oil, gas and consumable fuels – 4.4%
Adams Resources & Energy, Inc. 724 31,494
Antero Resources Corp. (A) 20,791 412,701
Arch Coal, Inc., Class A 1,184 108,786

234



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

Shares or
Principal
Amount       Value
COMMON STOCKS (continued)
Oil, gas and consumable fuels (continued)
Ardmore Shipping Corp. (A) 1,174 $ 8,922
Bonanza Creek Energy, Inc. (A) 615 17,042
Callon Petroleum Company (A) 13,440 177,946
Carrizo Oil & Gas, Inc. (A) 3,942 63,072
Clean Energy Fuels Corp. (A) 11,526 19,018
Cloud Peak Energy, Inc. (A) 6,658 19,375
CNX Resources Corp. (A) 18,164 280,271
CONSOL Energy, Inc. (A) 2,270 65,762
Contango Oil & Gas Company (A) 3,786 13,440
CVR Energy, Inc. (B) 2,759 83,377
Delek US Holdings, Inc. 7,394 300,936
Denbury Resources, Inc. (A) 4,234 11,601
DHT Holdings, Inc. 3,733 12,692
Dorian LPG, Ltd. (A) 2,153 16,126
Eclipse Resources Corp. (A) 9,240 13,306
EnLink Midstream LLC 4,505 65,998
Extraction Oil & Gas, Inc. (A) 3,404 39,010
GasLog, Ltd. 2,719 44,728
Green Plains, Inc. 5,268 88,502
Gulfport Energy Corp. (A) 10,592 102,213
Halcon Resources Corp. (A) 4,689 22,835
HighPoint Resources Corp. (A) 7,216 36,657
HollyFrontier Corp. 15,221 743,698
International Seaways, Inc. (A) 1,434 25,238
Kosmos Energy, Ltd. (A) 17,611 110,949
Matador Resources Company (A) 19,013 568,679
Murphy Oil Corp. 14,395 371,967
NACCO Industries, Inc., Class A 700 22,995
Oasis Petroleum, Inc. (A) 18,941 153,422
Overseas Shipholding Group, Inc.,
       Class A (A) 861 2,445
Pacific Ethanol, Inc. (A) 2,656 7,968
Panhandle Oil and Gas, Inc., Class A 557 10,750
Par Pacific Holdings, Inc. (A) 1,947 33,430
PBF Energy, Inc., Class A 9,324 316,084
PDC Energy, Inc. (A) 4,882 239,364
Peabody Energy Corp. 6,070 221,555
Penn Virginia Corp. (A) 651 22,811
QEP Resources, Inc. (A) 12,309 120,505
Range Resources Corp. 13,645 198,398
Renewable Energy Group, Inc. (A) 4,097 52,442
REX American Resources Corp. (A) 268 19,510
Ring Energy, Inc. (A) 2,739 39,305
RSP Permian, Inc. (A) 10,724 502,741
SandRidge Energy, Inc. (A) 1,746 25,334
Scorpio Tankers, Inc. 16,932 33,187
SemGroup Corp., Class A (B) 4,266 91,292
Ship Finance International, Ltd. (B) 1,300 18,590
SilverBow Resources, Inc. (A) 324 9,428
SM Energy Company 5,733 103,366
SRC Energy, Inc. (A) 10,596 99,920
Stone Energy Corp. (A) 409 15,174
Teekay Corp. (B) 286 2,314
Teekay Tankers, Ltd., Class A (B) 9,278 11,011
Whiting Petroleum Corp. (A) 4,753 160,842
World Fuel Services Corp. 3,769 92,529
WPX Energy, Inc. (A) 28,555 422,043
6,925,096
10,352,021
Financials – 21.3%
Banks – 11.6%
1st Source Corp. 2,392 121,083
Access National Corp. 443 12,639
Allegiance Bancshares, Inc. (A) 308 12,058
American National Bankshares, Inc. 991 37,262
American River Bankshares 2,249 34,882
Ameris Bancorp 16,436 869,464
Arrow Financial Corp. 404 13,716
Associated Banc-Corp 17,400 432,390
Atlantic Capital Bancshares, Inc. (A) 667 12,073
Banc of California, Inc. 1,420 27,406
BancFirst Corp. 1,272 67,543
BancorpSouth Bank 2,714 86,305
Bank of Commerce Holdings 3,606 42,010
Bank of Marin Bancorp 271 18,685
BankUnited, Inc. 798 31,904
Banner Corp. 3,129 173,628
Bar Harbor Bankshares 2,109 58,461
BCB Bancorp, Inc. 1,477 23,115
Berkshire Hills Bancorp, Inc. 3,493 132,559
Blue Hills Bancorp, Inc. 703 14,658
BOK Financial Corp. 844 83,548
Boston Private Financial Holdings, Inc. 7,971 119,964
Bridge Bancorp, Inc. 1,057 35,462
Brookline Bancorp, Inc. 7,510 121,662
Bryn Mawr Bank Corp. 1,969 86,538
C&F Financial Corp. 627 32,980
California First National Bancorp 1,653 26,117
Camden National Corp. 1,722 76,629
Capital City Bank Group, Inc. 1,865 46,159
Carolina Financial Corp. 1,115 43,797
CenterState Bank Corp. 898 23,824
Central Pacific Financial Corp. 2,960 84,242
Century Bancorp, Inc., Class A 836 66,378
Chemical Financial Corp. 3,971 217,134
Chemung Financial Corp. 966 44,890
CIT Group, Inc. 3,701 190,602
City Holding Company 336 23,036
CNB Financial Corp. 1,962 57,075
Columbia Banking System, Inc. 5,076 212,938
Community Bank System, Inc. 3,093 165,661
Community Trust Bancorp, Inc. 1,888 85,338
ConnectOne Bancorp, Inc. 1,273 36,662
Customers Bancorp, Inc. (A) 1,685 49,118
CVB Financial Corp. 2,102 47,589
Eagle Bancorp, Inc. (A) 1,535 91,870
Enterprise Bancorp, Inc. 246 8,681
Enterprise Financial Services Corp. 1,453 68,146
Equity Bancshares, Inc., Class A (A) 697 27,295
Farmers Capital Bank Corp. 1,551 61,962
FCB Financial Holdings, Inc.,
       Class A (A) 2,022 103,324
Fidelity Southern Corp. 3,081 71,079
Financial Institutions, Inc. 1,481 43,838
First Bancorp (NC) 3,205 114,258
First BanCorp (PR) (A) 30,569 184,025
First Bancorp, Inc. 1,769 49,497
First Busey Corp. 841 24,995
First Business Financial Services, Inc. 1,366 34,369
First Citizens BancShares, Inc., Class A 611 252,490
First Commonwealth Financial Corp. 10,189 143,971
First Community Bancshares, Inc. 2,201 65,700
First Connecticut Bancorp, Inc. 1,636 41,882
First Financial Bancorp 4,968 145,811
First Financial Corp. 1,128 46,925
First Financial Northwest, Inc. 1,100 18,425
First Foundation, Inc. (A) 1,677 31,092
First Hawaiian, Inc. 362 10,074
First Horizon National Corp. 1,095 20,619

235



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

Shares or     
Principal
Amount       Value
COMMON STOCKS (continued)
Banks (continued)
First Internet Bancorp 377 $ 13,949
First Interstate BancSystem, Inc.,
       Class A 1,946 76,964
First Merchants Corp. 3,883 161,921
First Mid-Illinois Bancshares, Inc. 349 12,721
First Midwest Bancorp, Inc. 7,500 184,425
First Northwest Bancorp (A) 800 13,512
Flushing Financial Corp. 3,421 92,230
FNB Corp. 18,182 244,548
Franklin Financial Network, Inc. (A) 633 20,636
Fulton Financial Corp. 13,097 232,472
German American Bancorp, Inc. 302 10,072
Great Southern Bancorp, Inc. 1,329 66,384
Great Western Bancorp, Inc. 3,593 144,690
Green Bancorp, Inc. (A) 558 12,416
Guaranty Bancorp 1,184 33,566
Hancock Holding Company 7,019 362,882
Hanmi Financial Corp. 3,082 94,772
Heartland Financial USA, Inc. 2,428 128,805
Heritage Commerce Corp. 2,225 36,668
Heritage Financial Corp. 1,481 45,319
Hilltop Holdings, Inc. 6,466 151,692
Home BancShares, Inc. 618 14,097
HomeTrust Bancshares, Inc. (A) 560 14,588
Hope Bancorp, Inc. 11,326 206,020
Horizon Bancorp 2,166 65,002
IBERIABANK Corp. 3,855 300,690
Independent Bank Corp. (MA) 823 58,886
Independent Bank Corp. (MI) 206 4,717
Independent Bank Group, Inc. 947 66,953
International Bancshares Corp. 6,888 267,943
Investors Bancorp, Inc. 28,834 393,296
Lakeland Bancorp, Inc. 4,261 84,581
LegacyTexas Financial Group, Inc. 3,326 142,419
Macatawa Bank Corp. 5,091 52,285
MainSource Financial Group, Inc. 3,025 122,966
MB Financial, Inc. 3,715 150,383
MBT Financial Corp. 3,223 34,647
Mercantile Bank Corp. 1,266 42,095
Midland States Bancorp, Inc. 670 21,145
MidSouth Bancorp, Inc. 1,822 23,048
MidWestOne Financial Group, Inc. 1,343 44,708
National Bank Holdings Corp., Class A 1,336 44,422
National Commerce Corp. (A) 524 22,820
NBT Bancorp, Inc. 3,823 135,640
Nicolet Bankshares, Inc. (A) 565 31,115
Northrim BanCorp, Inc. 1,530 52,862
Norwood Financial Corp. (B) 1,188 35,747
OFG Bancorp (B) 6,515 68,082
Old Line Bancshares, Inc. 601 19,833
Old National Bancorp 12,650 213,785
Old Second Bancorp, Inc. 2,721 37,822
Opus Bank 1,848 51,744
Pacific Mercantile Bancorp (A) 762 7,277
Pacific Premier Bancorp, Inc. (A) 268 10,774
PacWest Bancorp 9,702 480,540
Peapack Gladstone Financial Corp. 1,625 54,259
Penns Woods Bancorp, Inc. 792 33,510
Peoples Bancorp, Inc. 2,153 76,324
People’s United Financial, Inc. 33,652 627,946
People’s Utah Bancorp 518 16,731
Pinnacle Financial Partners, Inc. 10,027 643,733
Popular, Inc. 7,939 330,421
Premier Financial Bancorp, Inc. 2,257 42,003
Prosperity Bancshares, Inc. 6,185 449,217
QCR Holdings, Inc. 1,211 54,313
Renasant Corp. 4,029 171,474
Republic Bancorp, Inc., Class A 1,724 66,029
S&T Bancorp, Inc. 3,436 137,234
Sandy Spring Bancorp, Inc. 2,800 108,528
Seacoast Banking Corp. of Florida (A) 1,191 31,526
Shore Bancshares, Inc. 2,225 41,964
Sierra Bancorp 2,175 57,942
Simmons First National Corp., Class A 6,232 177,300
South State Corp. 2,627 224,083
Southern First Bancshares, Inc. (A) 237 10,547
Southern National Bancorp of
       Virginia, Inc. 3,850 60,984
Southside Bancshares, Inc. 938 32,586
State Bank Financial Corp. 2,215 66,472
Sterling Bancorp 11,335 255,604
TCF Financial Corp. 13,116 299,176
Texas Capital Bancshares, Inc. (A) 6,654 598,195
The Bancorp, Inc. (A) 4,825 52,110
The First Bancshares, Inc. 311 10,030
The First of Long Island Corp. 1,039 28,521
Towne Bank 4,414 126,240
TriCo Bancshares 400 14,888
TriState Capital Holdings, Inc. (A) 1,242 28,877
Triumph Bancorp, Inc. (A) 997 41,076
Trustmark Corp. 6,295 196,152
Umpqua Holdings Corp. 20,754 444,343
Union Bankshares Corp. 4,542 166,737
United Bankshares, Inc. 5,846 206,072
United Community Banks, Inc. 5,084 160,909
Univest Corp. of Pennsylvania 2,460 68,142
Valley National Bancorp 20,233 252,103
Veritex Holdings, Inc. (A) 1,134 31,378
Washington Trust Bancorp, Inc. 444 23,865
WesBanco, Inc. 4,056 171,569
Wintrust Financial Corp. 1,362 117,200
18,131,401
Capital markets – 1.2%
Cowen, Inc. (A) 5,088 67,162
Financial Engines, Inc. 2,609 91,315
GAIN Capital Holdings, Inc. 2,895 19,541
Greenhill & Company, Inc. 8,227 152,200
INTL. FCStone, Inc. (A) 1,705 72,769
Investment Technology Group, Inc. 2,461 48,580
Janus Henderson Group PLC 3,101 102,612
Legg Mason, Inc. 9,380 381,297
Oppenheimer Holdings, Inc., Class A 3,213 82,735
Piper Jaffray Companies 686 56,972
Stifel Financial Corp. 11,770 697,137
Virtus Investment Partners, Inc. 418 51,748
Waddell & Reed Financial, Inc., Class A 3,547 71,685
1,895,753
Consumer finance – 1.4%
Asta Funding, Inc. 344 1,273
Encore Capital Group, Inc. (A)(B) 15,448 698,250
Enova International, Inc. (A) 1,914 42,204
EZCORP, Inc., Class A (A) 3,087 40,748
FirstCash, Inc. 1,470 119,438
Green Dot Corp., Class A (A) 3,160 202,746
LendingClub Corp. (A) 16,460 57,610
Navient Corp. 27,272 357,809
Nelnet, Inc., Class A 3,424 179,452
Nicholas Financial, Inc. (A) 75 680
OneMain Holdings, Inc. (A) 2,514 75,269

236



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Consumer finance (continued)

 

PRA Group, Inc. (A)(B) 1,882 $ 71,516
Regional Management Corp. (A) 573 18,244
Santander Consumer USA Holdings, Inc. 18,561 302,544
SLM Corp. (A) 2,132 23,900
World Acceptance Corp. (A) 618 65,075
2,256,758
Diversified financial services – 0.1%
Cannae Holdings, Inc. (A) 2,391 45,094
Marlin Business Services Corp. 1,698 48,138
NewStar Financial, Inc. (A) 5,739 2,825
On Deck Capital, Inc. (A) 2,096 11,717
Voya Financial, Inc. 933 47,117
154,891
Insurance – 5.1%
Ambac Financial Group, Inc. (A) 1,536 24,084
American Equity Investment Life
       Holding Company 8,399 246,595
American National Insurance Company 1,733 202,692
AMERISAFE, Inc. 202 11,161
AmTrust Financial Services, Inc. 9,166 112,833
Argo Group International Holdings, Ltd. 3,591 206,149
Aspen Insurance Holdings, Ltd. 6,285 281,882
Assurant, Inc. 5,658 517,198
Assured Guaranty, Ltd. 12,060 436,572
Axis Capital Holdings, Ltd. 6,325 364,130
Baldwin & Lyons, Inc., Class B 1,154 25,388
CNO Financial Group, Inc. 16,225 351,596
Donegal Group, Inc., Class A 2,876 45,441
EMC Insurance Group, Inc. 2,830 76,636
Employers Holdings, Inc. 2,717 109,903
Enstar Group, Ltd. (A) 779 163,785
FBL Financial Group, Inc., Class A 3,170 219,840
Federated National Holding Company 1,090 17,189
First American Financial Corp. 2,261 132,675
Genworth Financial, Inc., Class A (A) 14,291 40,444
Global Indemnity, Ltd. 2,645 91,305
Greenlight Capital Re, Ltd., Class A (A) 2,616 41,987
Hallmark Financial Services, Inc. (A) 4,008 35,751
HCI Group, Inc. 297 11,334
Heritage Insurance Holdings, Inc. (B) 16,840 255,294
Horace Mann Educators Corp. 3,837 164,032
Independence Holding Company 3,036 108,233
Infinity Property & Casualty Corp. 441 52,214
Investors Title Company 189 37,781
James River Group Holdings, Ltd. 653 23,162
Kemper Corp. 5,415 308,655
Maiden Holdings, Ltd. 7,320 47,580
MBIA, Inc. (A) 10,848 100,452
Mercury General Corp. 1,847 84,722
National General Holdings Corp. 4,343 105,578
National Western Life Group, Inc.,
       Class A 221 67,378
Old Republic International Corp. 20,494 439,596
ProAssurance Corp. 1,778 86,322
RenaissanceRe Holdings, Ltd. 2,986 413,591
Safety Insurance Group, Inc. 1,060 81,461
Selective Insurance Group, Inc. 3,703 224,772
State Auto Financial Corp. 4,187 119,623
Stewart Information Services Corp. 2,162 94,998
The Hanover Insurance Group, Inc. 3,043 358,739
The Navigators Group, Inc. 3,786 218,263
Third Point Reinsurance, Ltd. (A) 2,292 31,973
United Fire Group, Inc. 2,597 124,292
United Insurance Holdings Corp. 1,482 28,365
Validus Holdings, Ltd. 7,341 495,150
White Mountains Insurance Group, Ltd. 178 146,409
7,985,205
Thrifts and mortgage finance – 1.9%
BankFinancial Corp. 2,146 36,439
Beneficial Bancorp, Inc. 4,499 69,959
Capitol Federal Financial, Inc. 13,078 161,513
Clifton Bancorp, Inc. 686 10,736
Dime Community Bancshares, Inc. 3,601 66,258
ESSA Bancorp, Inc. 897 13,159
Federal Agricultural Mortgage Corp.,
       Class C 1,163 101,204
First Defiance Financial Corp. 1,110 63,625
Flagstar Bancorp, Inc. (A) 5,241 185,531
Hingham Institution for Savings 106 21,836
Home Bancorp, Inc. 902 38,939
HomeStreet, Inc. (A) 1,732 49,622
HopFed Bancorp, Inc. 1,799 26,086
Kearny Financial Corp. 4,544 59,072
Meridian Bancorp, Inc. 1,625 32,744
Meta Financial Group, Inc. 965 105,378
Nationstar Mortgage Holdings, Inc. (A) 1,877 33,711
New York Community Bancorp, Inc. 28,861 376,059
NMI Holdings, Inc., Class A (A) 3,254 53,854
Northfield Bancorp, Inc. 4,819 75,225
Northwest Bancshares, Inc. 8,845 146,473
OceanFirst Financial Corp. 1,393 37,263
Oritani Financial Corp. 4,658 71,500
PHH Corp. (A) 4,488 46,944
Provident Financial Holdings, Inc. 1,778 32,164
Provident Financial Services, Inc. 4,435 113,492
Prudential Bancorp, Inc. 1,696 30,765
Radian Group, Inc. 9,531 181,470
Riverview Bancorp, Inc. 5,483 51,211
SI Financial Group, Inc. 2,433 35,035
Southern Missouri Bancorp, Inc. 1,012 37,039
Territorial Bancorp, Inc. 1,722 51,075
TierOne Corp. (A)(C) 2,328 1
TrustCo Bank Corp. 9,134 77,182
United Community Financial Corp. 4,635 45,701
United Financial Bancorp, Inc. 4,950 80,190
Walker & Dunlop, Inc. 1,284 76,295
Washington Federal, Inc. 2,236 77,366
Waterstone Financial, Inc. 3,099 53,613
Western New England Bancorp, Inc. 4,739 50,470
WSFS Financial Corp. 1,744 83,538
2,959,737
33,383,745
Health care – 10.2%
Biotechnology – 2.3%
Achillion Pharmaceuticals, Inc. (A) 7,773 28,838
Acorda Therapeutics, Inc. (A) 3,542 83,768
Adverum Biotechnologies, Inc. (A) 5,950 34,510
AMAG Pharmaceuticals, Inc. (A) 1,505 30,326
Amicus Therapeutics, Inc. (A) 30,701 461,743
Aptevo Therapeutics, Inc. (A) 2,502 8,182
Celldex Therapeutics, Inc. (A) 7,652 17,829
Chimerix, Inc. (A) 2,352 12,230
Concert Pharmaceuticals, Inc. (A) 419 9,595
DBV Technologies SA, ADR (A) 14,574 336,222
Emergent BioSolutions, Inc. (A) 2,728 143,629
Global Blood Therapeutics, Inc. (A) 12,228 590,612
Myriad Genetics, Inc. (A) 700 20,685
Neurocrine Biosciences, Inc. (A) 8,462 701,754

237



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Biotechnology (continued)
Otonomy, Inc. (A) 1,716 $ 7,207
PDL BioPharma, Inc. (A) 10,320 30,341
Portola Pharmaceuticals, Inc. (A) 11,484 375,067
Repligen Corp. (A) 952 34,443
Retrophin, Inc. (A) 18,893 422,447
United Therapeutics Corp. (A) 1,627 182,810
Zafgen, Inc. (A) 5,073 37,794
3,570,032
Health care equipment and supplies – 2.7%
Analogic Corp. 1,049 100,599
AngioDynamics, Inc. (A) 6,177 106,553
Anika Therapeutics, Inc. (A) 234 11,634
Cardiovascular Systems, Inc. (A) 14,155 310,419
CONMED Corp. 3,232 204,683
CryoLife, Inc. (A) 4,002 80,240
Endologix, Inc. (A) 23,010 97,332
Globus Medical, Inc., Class A (A) 20,092 1,000,983
Haemonetics Corp. (A) 2,060 150,710
Halyard Health, Inc. (A) 3,800 175,104
ICU Medical, Inc. (A) 3,869 976,536
Integer Holdings Corp. (A) 3,335 188,594
Invacare Corp. (B) 3,396 59,090
Kewaunee Scientific Corp. 83 2,826
LivaNova PLC (A) 1,397 123,635
MedCath Corp. (A)(C) 3,806 1,903
Merit Medical Systems, Inc. (A) 3,935 178,452
Natus Medical, Inc. (A) 1,013 34,087
Nuvectra Corp. (A) 1,111 14,465
Orthofix International NV (A) 241 14,166
RTI Surgical, Inc. (A) 4,931 22,683
SeaSpine Holdings Corp. (A) 580 5,881
Wright Medical Group NV (A) 22,856 453,463
4,314,038
Health care providers and services – 1.8%
Acadia Healthcare Company, Inc. (A) 14,736 577,356
Aceto Corp. 2,914 22,146
Addus HomeCare Corp. (A) 1,724 83,873
Almost Family, Inc. (A) 1,286 72,016
Brookdale Senior Living, Inc. (A) 14,058 94,329
Community Health Systems, Inc. (A)(B) 7,907 31,312
Cross Country Healthcare, Inc. (A) 2,734 30,375
Digirad Corp. 3,100 4,805
Envision Healthcare Corp. (A) 7,326 281,538
Five Star Senior Living, Inc. (A) 1,834 2,384
Kindred Healthcare, Inc. (A) 9,022 82,551
LHC Group, Inc. (A) 2,286 140,726
LifePoint Health, Inc. (A) 4,269 200,643
Magellan Health, Inc. (A) 2,490 266,679
MEDNAX, Inc. (A) 5,228 290,834
National HealthCare Corp. 2,084 124,269
Owens & Minor, Inc. 5,919 92,040
Premier, Inc., Class A (A)(B) 1,546 48,405
Quorum Health Corp. (A) 2,853 23,338
Select Medical Holdings Corp. (A) 14,178 244,571
Surgery Partners, Inc. (A) 814 13,960
The Ensign Group, Inc. 1,260 33,138
The Providence Service Corp. (A) 722 49,919
Triple-S Management Corp., Class B (A) 2,626 68,644
2,879,851
Health care technology – 1.0%
Allscripts Healthcare Solutions, Inc. (A) 834 10,300
Cotiviti Holdings, Inc. (A) 17,211 592,747
Evolent Health, Inc., Class A (A)(B) 1,142 16,274
HealthStream, Inc. 1,369 33,992
HMS Holdings Corp. (A) 3,857 64,952
Medidata Solutions, Inc. (A) 12,414 779,723
Micron Solutions, Inc. (A) 200 762
Quality Systems, Inc. (A) 878 11,985
1,510,735
Life sciences tools and services – 0.7%
Bruker Corp. 12,184 364,545
Harvard Bioscience, Inc. (A) 6,562 32,810
Luminex Corp. 2,011 42,372
Syneos Health, Inc. (A) 16,427 583,159
1,022,886
Pharmaceuticals – 1.7%
Amphastar Pharmaceuticals, Inc. (A) 2,759 51,731
ANI Pharmaceuticals, Inc. (A) 478 27,829
Catalent, Inc. (A) 21,675 889,976
Cumberland Pharmaceuticals, Inc. (A)(B) 956 6,386
Depomed, Inc. (A) 2,796 18,426
Dova Pharmaceuticals, Inc. (A) 14,822 401,973
Endo International PLC (A) 12,165 72,260
FRD Acquisition Company (A)(C) 5,160 3,493
Horizon Pharma PLC (A) 4,465 63,403
Impax Laboratories, Inc. (A) 23,374 454,624
Mallinckrodt PLC (A) 6,663 96,480
Melinta Therapeutics, Inc. (A)(B) 1,105 8,177
Prestige Brands Holdings, Inc. (A) 1,934 65,214
Taro Pharmaceutical Industries, Ltd. (A) 303 29,918
Zogenix, Inc. (A) 12,998 520,570
2,710,460
16,008,002
Industrials – 21.3%
Aerospace and defense – 2.3%
AAR Corp. 4,565 201,362
Aerovironment, Inc. (A) 547 24,894
CPI Aerostructures, Inc. (A) 1,400 13,650
Cubic Corp. 9,964 633,710
Curtiss-Wright Corp. 927 125,210
Ducommun, Inc. (A) 2,274 69,084
Engility Holdings, Inc. (A) 2,470 60,268
Esterline Technologies Corp. (A) 2,214 161,954
HEICO Corp. 14,286 1,240,168
KLX, Inc. (A) 4,664 331,424
Mercury Systems, Inc. (A) 3,184 153,851
Moog, Inc., Class A (A) 2,543 209,569
National Presto Industries, Inc. (B) 244 22,875
Orbital ATK, Inc. 372 49,331
SIFCO Industries, Inc. (A) 1,000 5,522
Sparton Corp. (A) 2,053 35,743
The KeyW Holding Corp. (A) 1,918 15,075
Triumph Group, Inc. 4,181 105,361
Vectrus, Inc. (A) 325 12,103
Wesco Aircraft Holdings, Inc. (A) 7,177 73,564
3,544,718
Air freight and logistics – 0.7%
Air Transport Services Group, Inc. (A) 1,682 39,224
Atlas Air Worldwide Holdings, Inc. (A) 3,290 198,881
Echo Global Logistics, Inc. (A) 2,257 62,293
Forward Air Corp. 956 50,534
Hub Group, Inc., Class A (A) 4,316 180,625
Radiant Logistics, Inc. (A) 1,875 7,256
XPO Logistics, Inc. (A) 5,668 577,059
1,115,872
Airlines – 0.9%
Alaska Air Group, Inc. 2,783 172,435

238



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Airlines (continued)
Copa Holdings SA, Class A 905 $ 116,410
Hawaiian Holdings, Inc. 1,992 77,090
JetBlue Airways Corp. (A) 27,591 560,649
SkyWest, Inc. 4,751 258,454
Spirit Airlines, Inc. (A) 4,337 163,852
1,348,890
Building products – 1.2%
Apogee Enterprises, Inc. 1,089 47,208
Armstrong Flooring, Inc. (A) 1,831 24,847
CSW Industrials, Inc. (A) 371 16,714
Gibraltar Industries, Inc. (A) 4,144 140,274
Griffon Corp. 6,971 127,221
Insteel Industries, Inc. 1,989 54,956
JELD-WEN Holding, Inc. (A) 11,539 353,324
Masonite International Corp. (A) 171 10,491
Owens Corning 5,886 473,234
Quanex Building Products Corp. 3,929 68,365
Simpson Manufacturing Company, Inc. 4,345 250,229
Universal Forest Products, Inc. 6,426 208,524
USG Corp. (A) 2,274 91,915
1,867,302
Commercial services and supplies – 2.0%
ABM Industries, Inc. 6,128 205,165
ACCO Brands Corp. 7,990 100,275
Acme United Corp. 733 15,276
ARC Document Solutions, Inc. (A) 3,098 6,816
Brady Corp., Class A 1,456 54,090
CECO Environmental Corp. 1,395 6,208
Civeo Corp. (A) 8,078 30,454
Clean Harbors, Inc. (A) 3,206 156,485
Ennis, Inc. 3,208 63,198
Essendant, Inc. 3,431 26,762
Healthcare Services Group, Inc. 11,131 483,976
Heritage-Crystal Clean, Inc. (A) 1,877 44,203
HNI Corp. 1,314 47,422
Hudson Technologies, Inc. (A)(B) 3,750 18,525
InnerWorkings, Inc. (A) 3,056 27,657
LSC Communications, Inc. 1,500 26,175
Matthews International Corp., Class A 1,190 60,214
McGrath RentCorp 3,033 162,842
Mobile Mini, Inc. 4,727 205,625
Multi-Color Corp. 326 21,532
NL Industries, Inc. (A) 3,260 25,591
Ritchie Brothers Auctioneers, Inc. 23,577 741,968
SP Plus Corp. (A) 1,277 45,461
Steelcase, Inc., Class A 3,180 43,248
Team, Inc. (A)(B) 2,106 28,958
Tetra Tech, Inc. 5,782 283,029
UniFirst Corp. 441 71,288
Viad Corp. 2,118 111,089
Virco Manufacturing Corp. 1,200 4,920
VSE Corp. 1,368 70,753
3,189,205
Construction and engineering – 2.2%
AECOM (A) 14,815 527,858
Aegion Corp. (A) 3,621 82,957
Ameresco, Inc., Class A (A) 5,087 66,131
Argan, Inc. 604 25,942
Chicago Bridge & Iron Company NV 3,567 51,365
Dycom Industries, Inc. (A) 4,735 509,628
EMCOR Group, Inc. 1,527 118,999
Granite Construction, Inc. 3,565 199,141
Great Lakes Dredge & Dock Corp. (A) 13,300 61,180
IES Holdings, Inc. (A) 237 3,591
Jacobs Engineering Group, Inc. 9,788 578,960
KBR, Inc. 4,221 68,338
Layne Christensen Company (A) 3,312 49,415
MasTec, Inc. (A) 4,355 204,903
MYR Group, Inc. (A) 2,443 75,293
Northwest Pipe Company (A) 1,706 29,514
NV5 Global, Inc. (A) 290 16,168
Orion Group Holdings, Inc. (A) 4,263 28,093
Primoris Services Corp. 2,946 73,591
Quanta Services, Inc. (A) 14,425 495,499
Sterling Construction Company, Inc. (A) 3,771 43,216
Tutor Perini Corp. (A) 6,222 137,195
Valmont Industries, Inc. 347 50,766
3,497,743
Electrical equipment – 0.6%
Allied Motion Technologies, Inc. 600 23,850
AZZ, Inc. 840 36,708
Babcock & Wilcox Enterprises, Inc. (A) 3,150 13,766
Encore Wire Corp. 2,766 156,832
LSI Industries, Inc. 4,131 33,502
Powell Industries, Inc. 1,244 33,389
Preformed Line Products Company 984 64,049
Regal Beloit Corp. 3,866 283,571
Sunrun, Inc. (A)(B) 1,551 13,850
Thermon Group Holdings, Inc. (A) 12,746 285,638
Ultralife Corp. (A) 1,984 19,840
964,995
Industrial conglomerates – 0.1%
Carlisle Companies, Inc. 836 87,287
Machinery – 4.7%
Actuant Corp., Class A 1,269 29,504
AGCO Corp. 4,516 292,863
Alamo Group, Inc. 1,644 180,676
Albany International Corp., Class A 2,787 174,745
American Railcar Industries, Inc. (B) 2,426 90,757
Astec Industries, Inc. 2,911 160,629
Barnes Group, Inc. 3,320 198,835
Briggs & Stratton Corp. 4,976 106,536
Chart Industries, Inc. (A) 3,324 196,216
CIRCOR International, Inc. 1,614 68,853
Colfax Corp. (A) 9,998 318,936
Columbus McKinnon Corp. 2,978 106,732
DMC Global, Inc. 960 25,680
ESCO Technologies, Inc. 3,287 192,454
Federal Signal Corp. 6,669 146,851
Franklin Electric Company, Inc. 1,522 62,022
FreightCar America, Inc. 735 9,849
Gencor Industries, Inc. (A) 2,100 33,810
Graham Corp. 333 7,133
Hardinge, Inc. 1,500 27,480
Hurco Companies, Inc. 1,054 48,379
Hyster-Yale Materials Handling, Inc. 970 67,832
ITT, Inc. 3,150 154,287
John Bean Technologies Corp. 6,613 749,914
Kadant, Inc. 218 20,601
Kennametal, Inc. 1,872 75,180
LB Foster Company, Class A (A) 1,699 40,011
Lydall, Inc. (A) 338 16,309
Miller Industries, Inc. 2,106 52,650
NN, Inc. 2,376 57,024
Oshkosh Corp. 785 60,657
Park-Ohio Holdings Corp. 749 29,099
Perma-Pipe International
       Holdings, Inc. (A) 1,100 9,955

239



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Machinery (continued)
Rexnord Corp. (A) 1,271 $ 37,723
Snap-on, Inc. 1,612 237,834
Spartan Motors, Inc. 51,651 888,397
SPX FLOW, Inc. (A) 2,346 115,400
Sun Hydraulics Corp. 10,087 540,260
Terex Corp. 1,593 59,594
The Eastern Company 1,471 41,924
The Gorman-Rupp Company 826 24,161
The Greenbrier Companies, Inc. (B) 3,369 169,292
The LS Starrett Company, Class A 1,530 10,328
The Manitowoc Company, Inc. (A) 2,882 82,022
The Timken Company 1,581 72,094
Titan International, Inc. 3,936 49,633
TriMas Corp. (A) 1,856 48,720
Trinity Industries, Inc. 15,485 505,276
Twin Disc, Inc. (A) 1,650 35,871
Wabash National Corp. 3,712 77,247
Woodward, Inc. 8,521 610,615
7,418,850
Marine – 0.4%
Costamare, Inc. (B) 3,754 23,425
Eagle Bulk Shipping, Inc. (A) 2,757 13,647
Genco Shipping & Trading, Ltd. (A) 1,028 14,618
Kirby Corp. (A) 5,111 393,291
Matson, Inc. 3,414 97,777
Scorpio Bulkers, Inc. 2,266 15,975
558,733
Professional services – 2.6%
Acacia Research Corp. (A) 2,172 7,602
ASGN, Inc. (A) 3,404 278,720
CBIZ, Inc. (A) 7,630 139,248
CRA International, Inc. 1,251 65,415
Exponent, Inc. 11,414 897,711
Forrester Research, Inc. 14,313 593,274
FTI Consulting, Inc. (A) 3,487 168,806
GP Strategies Corp. (A) 1,125 25,481
Heidrick & Struggles International, Inc. 2,683 83,844
Hill International, Inc. (A) 7,053 40,202
Huron Consulting Group, Inc. (A) 1,611 61,379
ICF International, Inc. 2,514 146,943
Kelly Services, Inc., Class A 4,830 140,263
Korn/Ferry International 5,632 290,555
ManpowerGroup, Inc. 2,479 285,333
Mistras Group, Inc. (A) 1,232 23,334
Navigant Consulting, Inc. (A) 5,797 111,534
RCM Technologies, Inc. 300 1,731
Resources Connection, Inc. 5,520 89,424
RPX Corp. 4,949 52,905
TrueBlue, Inc. (A) 2,519 65,242
WageWorks, Inc. (A) 12,573 568,300
4,137,246
Road and rail – 1.6%
AMERCO 894 308,519
ArcBest Corp. 3,836 122,944
Celadon Group, Inc. 5,529 20,457
Covenant Transportation Group, Inc.,
       Class A (A) 1,513 45,133
Genesee & Wyoming, Inc., Class A (A) 5,038 356,640
Hertz Global Holdings, Inc. (A)(B) 2,399 47,620
Knight-Swift Transportation
       Holdings, Inc. 11,192 514,944
Marten Transport, Ltd. 6,937 158,164
P.A.M. Transportation Services, Inc. (A) 975 35,441
Patriot Transportation Holding, Inc. (A) 450 8,352
Roadrunner Transportation
       Systems, Inc. (A) 2,098 5,329
Ryder System, Inc. 5,278 384,186
Saia, Inc. (A) 2,207 165,856
Schneider National, Inc., Class B (B) 814 21,213
USA Truck, Inc. (A) 1,375 35,049
Werner Enterprises, Inc. 5,765 210,423
2,440,270
Trading companies and distributors – 2.0%
Air Lease Corp. 10,421 444,143
Aircastle, Ltd. 4,971 98,724
Beacon Roofing Supply, Inc. (A) 1,700 90,219
BMC Stock Holdings, Inc. (A) 2,274 44,457
CAI International, Inc. (A) 3,456 73,475
DXP Enterprises, Inc. (A) 661 25,746
GATX Corp. (B) 4,160 284,918
Houston Wire & Cable Company (A) 3,039 22,261
Kaman Corp. 2,465 153,126
Lawson Products, Inc. (A) 591 14,923
MRC Global, Inc. (A) 2,745 45,128
Nexeo Solutions, Inc. (A) 3,165 33,866
NOW, Inc. (A)(B) 9,114 93,145
Rush Enterprises, Inc., Class A (A) 3,243 137,795
Rush Enterprises, Inc., Class B (A) 2,821 113,912
SiteOne Landscape Supply, Inc. (A) 12,249 943,663
Textainer Group Holdings, Ltd. (A) 495 8,390
Titan Machinery, Inc. (A) 2,816 66,345
Transcat, Inc. (A) 1,532 23,976
Triton International, Ltd. 5,250 160,650
Veritiv Corp. (A) 889 34,849
WESCO International, Inc. (A) 4,092 253,909
Willis Lease Finance Corp. (A) 406 13,918
3,181,538
Transportation infrastructure – 0.0%
Macquarie Infrastructure Corp. 1,486 54,878
33,407,527
Information technology – 14.7%
Communications equipment – 1.1%
ADTRAN, Inc. 5,269 81,933
ARRIS International PLC (A) 9,314 247,473
Black Box Corp. 2,530 5,060
Calix, Inc. (A) 5,847 40,052
Ciena Corp. (A) 5,258 136,182
Communications Systems, Inc. 1,800 6,606
Comtech Telecommunications Corp. 3,221 96,276
Digi International, Inc. (A) 4,813 49,574
EchoStar Corp., Class A (A) 4,430 233,771
Finisar Corp. (A) 7,372 116,551
Harmonic, Inc. (A) 4,356 16,553
Infinera Corp. (A) 8,291 90,040
InterDigital, Inc. 1,773 130,493
NETGEAR, Inc. (A) 3,703 211,812
NetScout Systems, Inc. (A) 5,458 143,818
Optical Cable Corp. (A) 931 2,700
RELM Wireless Corp. 2,100 8,295
TESSCO Technologies, Inc. 1,750 40,513
Viavi Solutions, Inc. (A) 6,600 64,152
  1,721,854
Electronic equipment, instruments and components – 4.2%
ADDvantage Technologies
       Group, Inc. (A) 428 548
Anixter International, Inc. (A) 2,372 179,679
Arrow Electronics, Inc. (A) 9,245 712,050

240



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Electronic equipment, instruments and
components (continued)
Avnet, Inc. 12,911 $ 539,163
AVX Corp. 14,148 234,149
Bel Fuse, Inc., Class B 1,641 31,015
Belden, Inc. 424 29,231
Benchmark Electronics, Inc. 5,463 163,071
Control4 Corp. (A) 955 20,513
CTS Corp. 3,610 98,192
Daktronics, Inc. 3,929 34,614
Electro Scientific Industries, Inc. (A) 4,104 79,330
ePlus, Inc. (A) 1,186 92,152
Fabrinet (A) 3,520 110,458
FARO Technologies, Inc. (A) 838 48,939
Frequency Electronics, Inc. (A) 1,783 15,601
II-VI, Inc. (A) 4,310 176,279
Insight Enterprises, Inc. (A) 4,260 148,802
Jabil, Inc. 17,909 514,526
KEMET Corp. (A) 4,206 76,255
Key Tronic Corp. (A) 1,900 13,224
Kimball Electronics, Inc. (A) 5,006 80,847
Knowles Corp. (A) 6,866 86,443
Methode Electronics, Inc. 1,177 46,021
MTS Systems Corp. 201 10,382
Novanta, Inc. (A) 1,240 64,666
OSI Systems, Inc. (A) 1,504 98,166
PAR Technology Corp. (A) 3,132 44,130
Park Electrochemical Corp. 3,038 51,160
PC Connection, Inc. 3,952 98,800
PCM, Inc. (A) 3,055 25,357
Plexus Corp. (A) 3,089 184,506
RF Industries, Ltd. 120 552
Richardson Electronics, Ltd. 2,384 18,953
Rogers Corp. (A) 1,516 181,223
Sanmina Corp. (A) 7,733 202,218
ScanSource, Inc. (A) 2,542 90,368
SMTC Corp. (A) 490 1,107
SYNNEX Corp. 2,965 351,056
Systemax, Inc. 487 13,904
Tech Data Corp. (A) 3,522 299,828
TTM Technologies, Inc. (A) 11,753 179,703
VeriFone Systems, Inc. (A) 4,184 64,350
Vishay Intertechnology, Inc. 15,446 287,296
Vishay Precision Group, Inc. (A) 1,686 52,519
Zebra Technologies Corp., Class A (A) 5,038 701,239
6,552,585
Internet software and services – 1.3%
Blucora, Inc. (A) 6,814 167,624
Cars.com, Inc. (A) 6,379 180,717
DHI Group, Inc. (A) 5,212 8,339
Liquidity Services, Inc. (A) 1,691 10,992
LogMeIn, Inc. 7,287 842,013
Mimecast, Ltd. (A) 17,030 603,373
Reis, Inc. 300 6,435
TechTarget, Inc. (A) 7,344 145,999
The Meet Group, Inc. (A) 2,642 5,522
XO Group, Inc. (A) 1,176 24,402
1,995,416
IT services – 2.0%
Acxiom Corp. (A) 3,006 68,266
Blackhawk Network Holdings, Inc. (A) 2,174 97,178
CACI International, Inc., Class A (A) 1,477 223,544
Cardtronics PLC, Class A (A) 1,986 44,308
Convergys Corp. 7,764 175,622
DST Systems, Inc. 2,029 169,726
EPAM Systems, Inc. (A) 9,356 1,071,449
ExlService Holdings, Inc. (A) 7,221 402,715
ManTech International Corp., Class A 2,961 164,247
MAXIMUS, Inc. 6,218 414,989
Perficient, Inc. (A) 2,608 59,775
StarTek, Inc. (A) 1,233 12,059
Steel Connect, Inc. (A) 216 458
Sykes Enterprises, Inc. (A) 5,468 158,244
Virtusa Corp. (A) 791 38,332
3,100,912
Semiconductors and semiconductor equipment – 3.2%
Alpha & Omega Semiconductor, Ltd. (A) 3,869 59,776
Amkor Technology, Inc. (A) 19,605 198,599
Axcelis Technologies, Inc. (A) 3,360 82,656
AXT, Inc. (A) 4,229 30,660
Brooks Automation, Inc. 5,447 147,505
Cabot Microelectronics Corp. 6,658 713,138
Cirrus Logic, Inc. (A) 1,828 74,272
Cohu, Inc. 4,192 95,620
Cree, Inc. (A) 8,435 340,015
Diodes, Inc. (A) 3,753 114,316
DSP Group, Inc. (A) 1,726 20,367
Entegris, Inc. 2,390 83,172
First Solar, Inc. (A) 1,322 93,836
FormFactor, Inc. (A) 1,299 17,731
GSI Technology, Inc. (A) 3,507 25,987
Kulicke & Soffa Industries, Inc. (A) 8,404 210,184
MACOM Technology Solutions
       Holdings, Inc. (A)(B) 16,977 281,818
MKS Instruments, Inc. 1,405 162,488
Nanometrics, Inc. (A) 1,358 36,530
NeoPhotonics Corp. (A)(B) 3,808 26,085
ON Semiconductor Corp. (A) 2,405 58,826
PDF Solutions, Inc. (A) 2,193 25,570
Photronics, Inc. (A) 10,302 84,992
Power Integrations, Inc. 10,313 704,894
Rambus, Inc. (A) 5,178 69,541
Rudolph Technologies, Inc. (A) 3,587 99,360
Sigma Designs, Inc. (A) 7,902 48,992
Silicon Laboratories, Inc. (A) 9,298 835,890
Synaptics, Inc. (A) 1,879 85,927
Ultra Clean Holdings, Inc. (A) 2,706 52,091
Veeco Instruments, Inc. (A) 2,996 50,932
Xcerra Corp. (A) 6,686 77,892
Xperi Corp. 1,956 41,369
5,051,031
Software – 2.6%
Aware, Inc. (A) 2,160 8,964
Blackbaud, Inc. 7,940 808,371
Bottomline Technologies, Inc. (A) 12,231 473,951
HubSpot, Inc. (A) 8,991 973,725
MicroStrategy, Inc., Class A (A) 177 22,831
Monotype Imaging Holdings, Inc. 1,489 33,428
Rapid7, Inc. (A) 24,449 625,161
RealNetworks, Inc. (A) 766 2,344
Seachange International, Inc. (A) 5,428 14,710
Synchronoss Technologies, Inc. (A) 2,743 28,939
Telenav, Inc. (A) 3,350 18,090
The Rubicon Project, Inc. (A) 4,652 8,374
TiVo Corp. 6,381 86,463
Tyler Technologies, Inc. (A) 4,791 1,010,709
VASCO Data Security
       International, Inc. (A) 1,667 21,588

241



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Software (continued)
Verint Systems, Inc. (A) 1,228 $ 52,313
4,189,961
Technology hardware, storage and peripherals – 0.3%
AstroNova, Inc. 1,439 22,305
Cray, Inc. (A) 2,355 48,749
Electronics For Imaging, Inc. (A) 5,466 149,386
Stratasys, Ltd. (A) 2,906 58,643
Super Micro Computer, Inc. (A) 4,794 81,498
Xerox Corp. 5,743 165,284
525,865
23,137,624
Materials – 5.4%
Chemicals – 2.4%
American Vanguard Corp. 2,118 42,784
Ashland Global Holdings, Inc. 183 12,772
Balchem Corp. 9,910 810,143
Cabot Corp. 1,121 62,462
Core Molding Technologies, Inc. 1,000 17,830
Flotek Industries, Inc. (A) 1,771 10,803
FutureFuel Corp. 4,276 51,269
Hawkins, Inc. 730 25,660
HB Fuller Company 3,426 170,375
Huntsman Corp. 4,571 133,702
Innophos Holdings, Inc. 1,309 52,635
Innospec, Inc. 1,994 136,788
Intrepid Potash, Inc. (A) 5,049 18,378
KMG Chemicals, Inc. 390 23,381
Kraton Corp. (A) 3,085 147,185
LSB Industries, Inc. (A)(B) 567 3,476
Minerals Technologies, Inc. 2,502 167,509
Olin Corp. 5,276 160,338
Platform Specialty Products Corp. (A) 14,525 139,876
PolyOne Corp. 19,885 845,510
Stepan Company 1,533 127,515
The Mosaic Company 20,522 498,274
Trecora Resources (A) 2,774 37,726
Tredegar Corp. 1,654 29,689
Tronox, Ltd., Class A 4,982 91,868
3,817,948
Construction materials – 0.0%
United States Lime & Minerals, Inc. 686 50,201
Containers and packaging – 0.2%
Bemis Company, Inc. 1,790 77,901
Greif, Inc., Class A 1,678 87,676
Greif, Inc., Class B 498 29,009
Sonoco Products Company 3,035 147,198
341,784
Metals and mining – 1.6%
Alcoa Corp. (A) 5,734 257,801
Allegheny Technologies, Inc. (A) 4,065 96,259
Ampco-Pittsburgh Corp. 1,644 14,632
Carpenter Technology Corp. 4,255 187,731
Century Aluminum Company (A) 4,024 66,557
Coeur Mining, Inc. (A) 4,144 33,152
Commercial Metals Company 5,611 114,801
Ferroglobe PLC (A) 3,057 32,802
Friedman Industries, Inc. 1,511 8,870
Haynes International, Inc. 458 16,996
Hecla Mining Company 35,139 128,960
Materion Corp. 2,976 151,925
Olympic Steel, Inc. 2,383 48,875
Reliance Steel & Aluminum Company 7,223 619,300
Schnitzer Steel Industries, Inc., Class A 4,262 137,876
SunCoke Energy, Inc. (A) 6,433 69,219
Synalloy Corp. 2,039 29,260
TimkenSteel Corp. (A) 2,689 40,846
United States Steel Corp. 8,476 298,270
Universal Stainless & Alloy
       Products, Inc. (A) 1,562 42,955
Worthington Industries, Inc. 1,615 69,316
2,466,403
Paper and forest products – 1.2%
Boise Cascade Company 2,384 92,022
Clearwater Paper Corp. (A) 1,597 62,443
Domtar Corp. 6,778 288,336
KapStone Paper and Packaging Corp. 26,643 914,121
Louisiana-Pacific Corp. 4,069 117,065
Mercer International, Inc. 10,058 125,222
PH Glatfelter Company 4,610 94,643
Resolute Forest Products, Inc. (A) 9,682 80,361
Schweitzer-Mauduit International, Inc. 1,971 77,165
Verso Corp., Class A (A) 1,405 23,660
1,875,038
8,551,374
Real estate – 1.2%
Equity real estate investment trusts – 0.8%
Alexander & Baldwin, Inc. 3,499 80,932
QTS Realty Trust, Inc., Class A 15,019 543,988
STAG Industrial, Inc. 25,640 613,309
1,238,229
Real estate management and development – 0.4%
Consolidated-Tomoka Land Company 178 11,187
Forestar Group, Inc. (A)(B) 155 3,278
FRP Holdings, Inc. (A) 982 54,992
Griffin Industrial Realty, Inc. 892 33,477
Kennedy-Wilson Holdings, Inc. 5,377 93,560
Rafael Holdings, Inc., Class B (A) 500 2,425
RE/MAX Holdings, Inc., Class A 493 29,802
Realogy Holdings Corp. (B) 9,825 268,026
Stratus Properties, Inc. (A) 1,025 30,955
Tejon Ranch Company (A) 1,709 39,495
The Howard Hughes Corp. (A) 324 45,078
The St. Joe Company (A) 1,296 24,430
636,705
1,874,934
Telecommunication services – 0.5%
Diversified telecommunication services – 0.2%
ATN International, Inc. 1,524 90,861
Consolidated Communications
       Holdings, Inc. (B) 2,508 27,488
Frontier Communications Corp. (B) 7,744 57,460
Hawaiian Telcom Holdco, Inc. (A) 1,868 49,838
IDT Corp., Class B (A) 1,000 6,270
Iridium Communications, Inc. (A)(B) 9,684 108,945
Windstream Holdings, Inc. (B) 6,907 9,739
350,601
Wireless telecommunication services – 0.3%
Spok Holdings, Inc. 3,863 57,752
Telephone & Data Systems, Inc. 9,768 273,797
United States Cellular Corp. (A) 3,059 122,941
454,490
805,091

242



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Utilities – 0.2%
Independent power and renewable electricity producers –
0.2%
Dynegy, Inc. (A) 9,159 $ 123,830
Ormat Technologies, Inc. 2,479 139,766
263,596
Water utilities – 0.0%
Consolidated Water Company, Ltd. 3,558 51,769
315,365
TOTAL COMMON STOCKS (Cost $132,640,370) $ 155,935,483
             
RIGHTS – 0.0%
Babcock & Wilcox Enterprises, Inc.
       (Expiration Date: 4-10-18; Strike
       Price: $2.00) (A)(B) 3,150 6,042
TOTAL RIGHTS (Cost $0) $ 6,042
             
SECURITIES LENDING COLLATERAL – 2.3%
John Hancock Collateral Trust,
       1.8276% (D)(E) 352,952 3,530,160
TOTAL SECURITIES LENDING COLLATERAL (Cost
$3,530,723) $ 3,530,160
             
SHORT-TERM INVESTMENTS – 0.7%
Money market funds – 0.7%
State Street Institutional Treasury Money
       Market Fund, Premier Class, 1.5066% (D) 843,317 843,317
State Street Institutional U.S. Government
       Money Market Fund, Premier Class,
       1.5812% (D) 303,956 303,956
1,147,273
TOTAL SHORT-TERM INVESTMENTS (Cost $1,147,273) $ 1,147,273
Total Investments (Small Cap Opportunities Trust)
       (Cost $137,318,366) – 102.3% $ 160,618,958
Other assets and liabilities, net – (2.3%) (3,584,168 )
TOTAL NET ASSETS – 100.0% $ 157,034,790

Security Abbreviations and Legend

ADR          American Depositary Receipt
(A) Non-income producing security.
(B) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $3,447,632.
(C) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(D) The rate shown is the annualized seven-day yield as of 3-31-18.
(E) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

Small Cap Value Trust

Shares or
Principal
      Amount       Value
COMMON STOCKS – 97.7%
Consumer discretionary – 3.9%
Auto components – 0.3%
Gentherm, Inc. (A) 50,521 $ 1,715,188
Hotels, restaurants and leisure – 0.7%
Dave & Buster’s Entertainment, Inc. (A) 107,580 4,490,389
Household durables – 2.0%
Helen of Troy, Ltd. (A) 43,910 3,820,170
TRI Pointe Group, Inc. (A) 496,785 8,162,178
11,982,348
Multiline retail – 0.3%
Fred’s, Inc., Class A (B) 554,772   1,658,768
Specialty retail – 0.6%
The Cato Corp., Class A 244,996 3,611,241
23,457,934
Consumer staples – 3.7%
Beverages – 1.3%
C&C Group PLC 2,360,073 7,710,086
Food and staples retailing – 0.7%
Smart & Final Stores, Inc. (A) 767,477 4,259,497
Food products – 1.6%
Cranswick PLC 212,841 8,498,883
Post Holdings, Inc. (A) 16,195 1,226,933
9,725,816
Household products – 0.1%
HRG Group, Inc. (A) 36,410 600,401
22,295,800
Energy – 4.6%
Energy equipment and services – 2.2%
Era Group, Inc. (A) 254,832 2,382,679
SEACOR Holdings, Inc. (A) 139,353 7,120,938
SEACOR Marine Holdings, Inc. (A) 199,433 3,793,216
13,296,833
Oil, gas and consumable fuels – 2.4%
Dorian LPG, Ltd. (A) 458,877 3,436,989
Resolute Energy Corp. (A)(B) 184,860 6,405,399
RSP Permian, Inc. (A) 17,320 811,962
Scorpio Tankers, Inc. 1,774,525 3,478,069
14,132,419
27,429,252
Financials – 21.4%
Banks – 15.5%
1st Source Corp. 118,615 6,004,291
Banc of California, Inc. (B) 370,675 7,154,028
FCB Financial Holdings, Inc.,
       Class A (A) 109,550 5,598,005
First Busey Corp. 254,403 7,560,857
First Midwest Bancorp, Inc. 598,896 14,726,853
Flushing Financial Corp. 278,276 7,502,321
Great Western Bancorp, Inc. 285,806 11,509,408
Hancock Holding Company 30,725 1,588,483
International Bancshares Corp. 275,899 10,732,471
MB Financial, Inc. 291,723 11,808,947
Union Bankshares Corp. 214,350 7,868,789
Webster Financial Corp. 24,475 1,355,915
93,410,368
Capital markets – 1.1%
Ares Capital Corp. 37,181 590,062
Solar Capital, Ltd. 304,924 6,193,006
6,783,068
Insurance – 2.6%
Alleghany Corp. 2,693 1,654,687
Assured Guaranty, Ltd. 19,450 704,090
Kemper Corp. 189,525 10,802,925
Reinsurance Group of America, Inc. 7,350 1,131,900
White Mountains Insurance Group, Ltd. 1,730 1,422,960
15,716,562
Thrifts and mortgage finance – 2.2%
Northwest Bancshares, Inc. 774,085 12,818,848
128,728,846

243



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Value Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Health care – 5.5%
Health care equipment and supplies – 2.1%
Haemonetics Corp. (A) 98,640 $ 7,216,502
Natus Medical, Inc. (A) 108,025 3,635,041
STERIS PLC 20,235 1,889,140
12,740,683
Health care providers and services – 1.7%
AMN Healthcare Services, Inc. (A) 78,800 4,471,900
CorVel Corp. (A) 87,745 4,435,510
Envision Healthcare Corp. (A) 31,150 1,197,095
10,104,505
Health care technology – 1.7%
Allscripts Healthcare Solutions, Inc. (A) 841,662 10,394,526
33,239,714
Industrials – 33.5%
Aerospace and defense – 2.6%
Astronics Corp. (A) 68,788 2,565,792
Cubic Corp. 205,860 13,092,690
15,658,482
Air freight and logistics – 1.2%
Forward Air Corp. 133,875 7,076,633
Building products – 1.6%
Tyman PLC 2,356,399 9,854,074
Commercial services and supplies – 5.0%
ACCO Brands Corp. 734,290 9,215,340
Clean Harbors, Inc. (A) 14,610 713,114
Matthews International Corp., Class A 172,720 8,739,632
SP Plus Corp. (A) 179,763 6,399,563
Steelcase, Inc., Class A 363,820 4,947,952
30,015,601
Construction and engineering – 0.8%
Primoris Services Corp. 199,240 4,977,015
Electrical equipment – 1.7%
Thermon Group Holdings, Inc. (A) 449,840 10,080,914
Machinery – 10.9%
Albany International Corp., Class A 226,284 14,188,007
CIRCOR International, Inc. 136,277 5,813,577
ESCO Technologies, Inc. 196,462 11,502,850
Luxfer Holdings PLC 441,980 5,657,344
Mueller Industries, Inc. 479,925 12,554,838
TriMas Corp. (A) 595,771 15,638,989
65,355,605
Professional services – 8.3%
Forrester Research, Inc. 244,268 10,124,909
FTI Consulting, Inc. (A) 287,630 13,924,168
Huron Consulting Group, Inc. (A) 194,896 7,425,538
ICF International, Inc. 107,665 6,293,019
Mistras Group, Inc. (A) 342,693 6,490,605
Navigant Consulting, Inc. (A) 289,070 5,561,707
49,819,946
Trading companies and distributors – 1.4%
GATX Corp. (B) 126,255 8,647,205
201,485,475
Information technology – 7.9%
Electronic equipment, instruments and components – 5.2%
Belden, Inc. 245,484 16,923,667
CTS Corp. 300,365 8,169,928
Keysight Technologies, Inc. (A) 30,550 1,600,515
ScanSource, Inc. (A) 124,945 4,441,795
31,135,905
IT services – 2.0%
WNS Holdings, Ltd., ADR (A) 263,949 11,964,808
Technology hardware, storage and peripherals – 0.7%
Diebold Nixdorf, Inc. (B) 302,085 4,652,109
47,752,822
Materials – 7.0%
Chemicals – 3.9%
Orion Engineered Carbons SA 434,090 11,763,839
Sensient Technologies Corp. 168,520 11,894,142
23,657,981
Containers and packaging – 1.9%
Greif, Inc., Class A 214,235 11,193,779
Paper and forest products – 1.2%
Neenah, Inc. 94,135 7,380,184
42,231,944
Real estate – 8.4%
Equity real estate investment trusts – 8.4%
Corporate Office Properties Trust 285,367 7,371,030
DiamondRock Hospitality Company 530,963 5,543,254
Education Realty Trust, Inc. 297,168 9,732,252
PotlatchDeltic Corp. 245,072 12,755,998
Ramco-Gershenson Properties Trust 689,025 8,516,349
Summit Hotel Properties, Inc. 489,234 6,658,475
50,577,358
Utilities – 1.8%
Electric utilities – 0.1%
Westar Energy, Inc. 8,850 465,422
Gas utilities – 1.7%
New Jersey Resources Corp. 98,803 3,962,000
Spire, Inc. (B) 64,120 4,635,876
UGI Corp. 24,415 1,084,514
WGL Holdings, Inc. 7,950 665,018
10,347,408
10,812,830
TOTAL COMMON STOCKS (Cost $489,747,210) $ 588,011,975
           
SECURITIES LENDING COLLATERAL – 2.4%
John Hancock Collateral Trust,
        1.8276% (C)(D) 1,438,705 14,389,641
TOTAL SECURITIES LENDING COLLATERAL (Cost
$14,391,344) $ 14,389,641
           
SHORT-TERM INVESTMENTS – 2.3%
Repurchase agreement – 2.3%
Bank of America Tri-Party Repurchase
        Agreement dated 3-29-18 at 1.800%
        to be repurchased at $13,902,780 on
        4-2-18, collateralized by $13,304,311
        Government National Mortgage
        Association, 2.513% - 4.700% due
        10-20-60 to 2-20-68 (valued at
        $14,178,000, including interest) $ 13,900,000 13,900,000
TOTAL SHORT-TERM INVESTMENTS (Cost $13,900,000) $ 13,900,000
Total Investments (Small Cap Value Trust)
        (Cost $518,038,554) – 102.4% $ 616,301,616
Other assets and liabilities, net – (2.4%) (14,501,620 )
TOTAL NET ASSETS – 100.0% $ 601,799,996

Security Abbreviations and Legend

ADR        

American Depositary Receipt

(A)

Non-income producing security.

244



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Cap Value Trust (continued)

(B)       

A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $13,898,552.

(C)

The rate shown is the annualized seven-day yield as of 3-31-18.

(D)

Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

Small Company Value Trust

Shares or
Principal
      Amount       Value
COMMON STOCKS – 98.8%
Consumer discretionary – 10.5%
Auto components – 1.5%
Dorman Products, Inc. (A) 28,700 $ 1,900,227
LCI Industries 21,900 2,280,885
4,181,112
Distributors – 0.9%
Pool Corp. 18,200 2,661,204
Diversified consumer services – 1.5%
American Public Education, Inc. (A) 43,900 1,887,700
Capella Education Company 27,000 2,358,450
4,246,150
Hotels, restaurants and leisure – 1.0%
ILG, Inc. 55,700 1,732,827
Red Robin Gourmet Burgers, Inc. (A) 17,700 1,026,600
2,759,427
Household durables – 1.1%
Cavco Industries, Inc. (A) 14,300 2,484,625
CSS Industries, Inc. 35,396 619,430
3,104,055
Media – 0.9%
Cable One, Inc. 2,561 1,759,689
Scholastic Corp. 20,300 788,452
2,548,141
Specialty retail – 2.3%
Aaron’s, Inc. 65,800 3,066,280
Express, Inc. (A) 87,600 627,216
Lumber Liquidators
       Holdings, Inc. (A)(B) 66,841 1,598,837
Party City Holdco, Inc. (A) 78,137 1,218,937
6,511,270
Textiles, apparel and luxury goods – 1.3%
Crocs, Inc. (A) 59,000 958,750
Culp, Inc. 38,000 1,160,900
Steven Madden, Ltd. 40,200 1,764,780
3,884,430
29,895,789
Consumer staples – 4.0%
Food and staples retailing – 0.8%
PriceSmart, Inc. 18,300 1,528,965
SpartanNash Company 43,120 742,095
2,271,060
Food products – 2.3%
Nomad Foods, Ltd. (A) 188,500 2,966,990
Pinnacle Foods, Inc. 22,300 1,206,430
Post Holdings, Inc. (A) 21,000 1,590,960
The Simply Good Foods Company (A) 67,003 919,951
6,684,331
Household products – 0.6%
Energizer Holdings, Inc. 29,200 1,739,736
Tobacco – 0.3%
Vector Group, Ltd. (B) 36,440 743,012
11,438,139
Energy – 5.1%
Energy equipment and services – 1.3%
Frank’s International NV (B) 176,300 957,309
Keane Group, Inc. (A)(B) 64,340 952,232
Oceaneering International, Inc. 48,000 889,920
TETRA Technologies, Inc. (A) 265,100 994,125
3,793,586
Oil, gas and consumable fuels – 3.8%
Andeavor 16,583 1,667,586
Centennial Resource Development, Inc.,
       Class A (A)(B) 113,100 2,075,385
International Seaways, Inc. (A) 52,300 920,480
Jagged Peak Energy, Inc. (A)(B) 68,736 971,240
Matador Resources Company (A) 91,300 2,730,783
WPX Energy, Inc. (A) 159,800 2,361,844
10,727,318
14,520,904
Financials – 30.8%
Banks – 18.4%
Atlantic Capital Bancshares, Inc. (A) 45,916 831,080
BankUnited, Inc. 88,700 3,546,226
CoBiz Financial, Inc. 106,700 2,091,320
Columbia Banking System, Inc. 73,400 3,079,130
East West Bancorp, Inc. 67,200 4,202,688
FB Financial Corp. (A) 28,400 1,152,756
First Hawaiian, Inc. 35,371 984,375
Glacier Bancorp, Inc. 68,800 2,640,544
Heritage Financial Corp. 40,550 1,240,830
Home BancShares, Inc. 208,700 4,760,446
Hope Bancorp, Inc. 92,100 1,675,299
Howard Bancorp, Inc. (A) 37,180 736,164
Live Oak Bancshares, Inc. 35,064 974,779
National Bank Holdings Corp., Class A 68,800 2,287,600
Pinnacle Financial Partners, Inc. 19,200 1,232,640
Popular, Inc. 62,200 2,588,764
Premier Commercial Bancorp (A) 9,843 145,184
Prosperity Bancshares, Inc. 43,900 3,188,457
South State Corp. 9,058 772,647
SVB Financial Group (A) 14,300 3,432,143
Synovus Financial Corp. 22,300 1,113,662
Texas Capital Bancshares, Inc. (A) 26,600 2,391,340
Towne Bank 86,600 2,476,760
Webster Financial Corp. 40,850 2,263,090
Wintrust Financial Corp. 29,700 2,555,685
52,363,609
Capital markets – 3.4%
Cboe Global Markets, Inc. 20,540 2,343,614
Hercules Capital, Inc. 124,400 1,505,240
Houlihan Lokey, Inc. 29,262 1,305,085
Main Street Capital Corp. (B) 27,700 1,022,130
Safeguard Scientifics, Inc. (A) 42,300 518,175
Stifel Financial Corp. 18,500 1,095,755
TPG Specialty Lending, Inc. 51,400 918,004
Virtus Investment Partners, Inc. (B) 8,300 1,027,540
9,735,543
Consumer finance – 1.3%
Green Dot Corp., Class A (A) 55,700 3,573,712
Insurance – 2.9%
Assured Guaranty, Ltd. 38,100 1,379,220
Employers Holdings, Inc. 32,950 1,332,828
Kinsale Capital Group, Inc. 22,213 1,140,193
ProAssurance Corp. 45,700 2,218,735
Safety Insurance Group, Inc. 13,100 1,006,735

245



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Company Value Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Insurance (continued)
State Auto Financial Corp. 42,400 $ 1,211,368
8,289,079
Mortgage real estate investment trusts – 0.8%
Hannon Armstrong Sustainable
       Infrastructure Capital, Inc. 64,400 1,255,800
Redwood Trust, Inc. 59,800 925,106
2,180,906
Thrifts and mortgage finance – 4.0%
Beneficial Bancorp, Inc. 108,340 1,684,687
Meridian Bancorp, Inc. 65,500 1,319,825
PCSB Financial Corp. (A) 47,303 992,417
PDL Community Bancorp (A) 48,597 711,946
Radian Group, Inc. 123,700 2,355,248
Sterling Bancorp, Inc. 50,366 680,445
United Financial Bancorp, Inc. 107,200 1,736,640
WSFS Financial Corp. 36,500 1,748,350
11,229,558
87,372,407
Health care – 6.8%
Health care equipment and supplies – 4.7%
Atrion Corp. 5,283 3,335,158
Haemonetics Corp. (A) 23,800 1,741,208
Halyard Health, Inc. (A) 54,800 2,525,184
Quidel Corp. (A) 62,100 3,217,401
West Pharmaceutical Services, Inc. 29,400 2,595,726
13,414,677
Health care providers and services – 2.1%
Molina Healthcare, Inc. (A) 15,100 1,225,818
Select Medical Holdings Corp. (A) 75,700 1,305,825
The Ensign Group, Inc. 54,500 1,433,350
WellCare Health Plans, Inc. (A) 9,957 1,927,974
5,892,967
19,307,644
Industrials – 13.1%
Aerospace and defense – 1.3%
Cubic Corp. 19,600 1,246,560
Triumph Group, Inc. 91,000 2,293,200
3,539,760
Building products – 0.6%
Universal Forest Products, Inc. 48,700 1,580,315
Commercial services and supplies – 1.8%
Brady Corp., Class A 29,200 1,084,780
Matthews International Corp., Class A 21,400 1,082,840
McGrath RentCorp 33,850 1,817,407
MSA Safety, Inc. 13,900 1,157,036
5,142,063
Construction and engineering – 0.7%
Aegion Corp. (A) 84,000 1,924,440
Electrical equipment – 0.3%
Thermon Group Holdings, Inc. (A) 42,100 943,461
Machinery – 3.6%
Blue Bird Corp. (A) 43,200 1,023,840
CIRCOR International, Inc. 27,300 1,164,618
ESCO Technologies, Inc. 43,200 2,529,360
Hillenbrand, Inc. 25,610 1,175,499
Lydall, Inc. (A) 19,000 916,750
RBC Bearings, Inc. (A) 14,400 1,788,480
Sun Hydraulics Corp. 31,969 1,712,260
10,310,807
Marine – 0.4%
Kirby Corp. (A) 15,800 1,215,810
Professional services – 1.1%
FTI Consulting, Inc. (A) 32,900 1,592,689
Navigant Consulting, Inc. (A) 77,600 1,493,024
3,085,713
Road and rail – 2.5%
Genesee & Wyoming, Inc., Class A (A) 25,100 1,776,829
Landstar System, Inc. 41,000 4,495,650
Universal Logistics Holdings, Inc. 43,789 926,137
7,198,616
Trading companies and distributors – 0.8%
Beacon Roofing Supply, Inc. (A) 41,700 2,213,019
37,154,004
Information technology – 9.8%
Communications equipment – 0.6%
Harmonic, Inc. (A) 354,949 1,348,806
Lumentum Holdings, Inc. (A) 5,800 370,040
1,718,846
Electronic equipment, instruments and components – 5.3%
Badger Meter, Inc. 19,600 924,140
Belden, Inc. 48,400 3,336,696
Knowles Corp. (A) 121,500 1,529,685
Littelfuse, Inc. 23,776 4,949,688
Mesa Laboratories, Inc. (B) 5,400 801,576
Methode Electronics, Inc. 33,100 1,294,210
SYNNEX Corp. 17,500 2,072,000
14,907,995
Internet software and services – 0.7%
GTT Communications, Inc. (A) 20,500 1,162,350
Q2 Holdings, Inc. (A) 19,000 865,450
2,027,800
IT services – 1.1%
Conduent, Inc. (A) 77,600 1,446,464
CSRA, Inc. 41,100 1,694,553
3,141,017
Semiconductors and semiconductor equipment – 1.2%
Cabot Microelectronics Corp. 15,800 1,692,338
MaxLinear, Inc. (A) 34,500 784,875
Rudolph Technologies, Inc. (A) 32,000 886,400
3,363,613
Software – 0.9%
Callidus Software, Inc. (A) 46,800 1,682,460
Zendesk, Inc. (A) 16,600 794,642
2,477,102
27,636,373
Materials – 5.0%
Chemicals – 1.9%
American Vanguard Corp. 52,600 1,062,520
KMG Chemicals, Inc. 44,432 2,663,698
Minerals Technologies, Inc. 24,100 1,613,495
5,339,713
Containers and packaging – 0.8%
Myers Industries, Inc. 106,800 2,258,820
Metals and mining – 1.6%
Carpenter Technology Corp. 44,800 1,976,576
Constellium NV, Class A (A) 90,700 984,095
New Gold, Inc. (A) 177,300 457,434
Reliance Steel & Aluminum Company 14,200 1,217,508
4,635,613

246



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Small Company Value Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Paper and forest products – 0.7%
Clearwater Paper Corp. (A) 52,410 $ 2,049,231
14,283,377
Real estate – 7.8%
Equity real estate investment trusts – 7.8%
Acadia Realty Trust 46,700 1,148,820
American Campus Communities, Inc. 25,624 989,599
Cedar Realty Trust, Inc. 412,800 1,626,432
Douglas Emmett, Inc. 34,700 1,275,572
EastGroup Properties, Inc. 26,600 2,198,756
Healthcare Realty Trust, Inc. 44,800 1,241,408
JBG SMITH Properties 50,953 1,717,626
Kilroy Realty Corp. 21,900 1,554,024
PotlatchDeltic Corp. 41,100 2,139,255
PS Business Parks, Inc. 15,000 1,695,600
Retail Opportunity Investments Corp. 44,400 784,548
Saul Centers, Inc. 27,800 1,416,966
Sunstone Hotel Investors, Inc. 71,000 1,080,620
Terreno Realty Corp. 63,200 2,181,032
Washington Real Estate Investment Trust 36,538 997,487
22,047,745
Utilities – 5.9%
Electric utilities – 2.2%
El Paso Electric Company 27,900 1,422,900
MGE Energy, Inc. 7,300 409,530
PNM Resources, Inc. 81,500 3,117,375
Portland General Electric Company 33,100 1,340,881
6,290,686
Gas utilities – 2.5%
Atmos Energy Corp. 18,100 1,524,744
Chesapeake Utilities Corp. 35,500 2,497,425
ONE Gas, Inc. 41,900 2,766,238
RGC Resources, Inc. 8,867 225,222
7,013,629
Multi-utilities – 0.8%
NorthWestern Corp. 36,600 1,969,080
SCANA Corp. 3,800 142,690
2,111,770
Water utilities – 0.4%
California Water Service Group 33,100 1,232,975
16,649,060
TOTAL COMMON STOCKS (Cost $193,609,889) $ 280,305,442
 
WARRANTS – 0.0%
The Simply Good Foods Company
       (Expiration Date: 7-7-22; Strike Price:
       $11.50) (A) 14,330 50,155
TOTAL WARRANTS (Cost $28,804) $ 50,155
 
SECURITIES LENDING COLLATERAL – 1.8%
John Hancock Collateral Trust,
       1.8276% (C)(D) 511,962 5,120,546
TOTAL SECURITIES LENDING COLLATERAL (Cost
$5,121,248) $ 5,120,546
 
SHORT-TERM INVESTMENTS – 1.2%
Money market funds – 1.2%
State Street Institutional U.S. Government
       Money Market Fund, Premier Class,
       1.5812% (C) 500,000 500,000
T. Rowe Price Government Money Fund,
       1.8418% (C) 1,932,590 1,932,590
T. Rowe Price U.S. Treasury Money Fund,
       1.8701% (C) 860,997   860,997
3,293,587
TOTAL SHORT-TERM INVESTMENTS (Cost $3,293,587) $ 3,293,587
Total Investments (Small Company Value Trust)
       (Cost $202,053,528) – 101.8% $ 288,769,730
Other assets and liabilities, net – (1.8%) (5,078,168 )
TOTAL NET ASSETS – 100.0% $ 283,691,562

Security Abbreviations and Legend

(A)         Non-income producing security.
(B) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $4,959,288.
(C) The rate shown is the annualized seven-day yield as of 3-31-18.
(D) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

Strategic Equity Allocation Trust

      Shares or      
Principal
Amount Value
COMMON STOCKS – 96.9%
Consumer discretionary – 12.1%
Auto components – 0.6%
Aisin Seiki Company, Ltd. 41,558 $ 2,267,943
American Axle & Manufacturing
       Holdings, Inc. (A) 18,853 286,943
Aptiv PLC 70,915 6,025,648
BorgWarner, Inc. 52,709 2,647,573
Bridgestone Corp. 152,806 6,722,519
Cie Generale des Etablissements
       Michelin SCA 40,240 5,957,238
Continental AG 25,842 7,137,850
Cooper Tire & Rubber Company 32,311 946,712
Cooper-Standard Holdings, Inc. (A) 3,211 394,343
Dana, Inc. 92,272 2,376,927
Delphi Technologies PLC 39,560 1,885,034
Denso Corp. 111,895 6,154,723
Dorman Products, Inc. (A) 5,108 338,201
Faurecia SA 18,013 1,457,540
Fox Factory Holding Corp. (A) 6,688 233,411
Gentex Corp. 122,510 2,820,180
Gentherm, Inc. (A) 6,988 237,243
GKN PLC 403,440 2,615,040
Horizon Global Corp. (A) 5,248 43,244
Koito Manufacturing Company, Ltd. 26,466 1,848,232
LCI Industries 4,565 475,445
Minth Group, Ltd. 174,000 798,328
Modine Manufacturing Company (A) 9,266 195,976
Motorcar Parts of America, Inc. (A) 3,750 80,363
NGK Spark Plug Company, Ltd. 37,299 898,758
NOK Corp. 22,494 439,254
Nokian Renkaat OYJ 27,232 1,236,725
Shiloh Industries, Inc. (A) 3,576 31,111
Standard Motor Products, Inc. 4,066 193,420
Stanley Electric Company, Ltd. 33,367 1,252,819
Stoneridge, Inc. (A) 5,057 139,573
Sumitomo Electric Industries, Ltd. 177,243 2,708,893
Sumitomo Rubber Industries, Ltd. 41,056 756,963
Superior Industries International, Inc. 5,102 67,857
Tenneco, Inc. 9,605 527,026
The Goodyear Tire & Rubber Company 63,960 1,700,057

247



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Auto components (continued)
The Yokohama Rubber Company, Ltd. 27,354 $ 633,965
Tower International, Inc. 3,820 106,005
Toyoda Gosei Company, Ltd. 15,803 365,990
Toyota Industries Corp. 38,253 2,312,558
Valeo SA 56,297 3,724,051
71,041,681
Automobiles – 1.4%
Bayerische Motoren Werke AG 77,872 8,470,113
Daimler AG 226,207 19,272,838
Ferrari NV 28,834 3,466,183
Fiat Chrysler Automobiles NV (A) 252,774 5,155,647
Ford Motor Company 1,046,068 11,590,433
General Motors Company 337,798 12,275,579
Harley-Davidson, Inc. 44,803 1,921,153
Honda Motor Company, Ltd. 404,273 13,994,550
Isuzu Motors, Ltd. 129,546 1,984,835
Mazda Motor Corp. 133,600 1,786,742
Mitsubishi Motors Corp. (B) 156,537 1,119,475
Nissan Motor Company, Ltd. (B) 545,476 5,630,480
Peugeot SA 138,151 3,326,589
Renault SA 45,158 5,479,822
Subaru Corp. (B) 144,527 4,784,242
Suzuki Motor Corp. 80,743 4,383,806
Thor Industries, Inc. 21,877 2,519,574
Toyota Motor Corp. 613,300 39,822,577
Volkswagen AG 7,596 1,520,342
Winnebago Industries, Inc. 5,979 224,810
Yamaha Motor Company, Ltd. 65,813 1,958,065
150,687,855
Distributors – 0.1%
Core-Mark Holding Company, Inc. 8,861 188,385
Genuine Parts Company 39,131 3,515,529
Jardine Cycle & Carriage, Ltd. 23,667 625,196
LKQ Corp. (A) 82,446 3,128,826
Pool Corp. 18,034 2,636,931
Weyco Group, Inc. 1,371 46,066
10,140,933
Diversified consumer services – 0.1%
Adtalem Global Education, Inc. (A) 38,280 1,820,214
American Public Education, Inc. (A) 3,084 132,612
Benesse Holdings, Inc. 16,555 602,260
Bridgepoint Education, Inc. (A) 5,699 38,411
Cambium Learning Group, Inc. (A) 2,796 31,315
Capella Education Company 2,174 189,899
Career Education Corp. (A) 12,952 170,189
Carriage Services, Inc. 2,979 82,399
Chegg, Inc. (A) 18,344 378,987
Graham Holdings Company, Class B 2,066 1,244,249
Grand Canyon Education, Inc. (A) 8,851 928,647
H&R Block, Inc. 55,575 1,412,161
Houghton Mifflin Harcourt Company (A) 20,448 142,114
K12, Inc. (A) 7,346 104,166
Laureate Education, Inc., Class A (A) 10,773 148,129
Regis Corp. (A) 6,966 105,396
Service Corp. International 82,593 3,117,060
Sotheby’s (A) 23,885 1,225,539
Strayer Education, Inc. 2,003 202,403
Weight Watchers International, Inc. (A) 5,297 337,525
12,413,675
Hotels, restaurants and leisure – 1.8%
Accor SA 44,064 2,380,550
Aristocrat Leisure, Ltd. 127,535 2,381,145
Belmond, Ltd., Class A (A) 17,114 190,821
Biglari Holdings, Inc. (A) 189 77,189
BJ’s Restaurants, Inc. 3,818 171,428
Bloomin’ Brands, Inc. 17,067 414,387
Bluegreen Vacations Corp. 1,569 33,216
Bojangles’, Inc. (A) 3,732 51,688
Boyd Gaming Corp. 52,296 1,666,151
Brinker International, Inc. (B) 29,484 1,064,372
Caesars Entertainment Corp. (A) 25,750 289,688
Carnival Corp. 108,776 7,133,530
Carnival PLC 43,444 2,796,206
Carrols Restaurant Group, Inc. (A) 6,802 76,182
Century Casinos, Inc. (A) 5,587 41,679
Chipotle Mexican Grill, Inc. (A) 6,567 2,121,863
Churchill Downs, Inc. 7,594 1,853,316
Chuy’s Holdings, Inc. (A) 3,288 86,146
Compass Group PLC 371,554 7,586,746
Cracker Barrel Old Country
       Store, Inc. (B) 14,316 2,279,107
Crown Resorts, Ltd. 87,964 863,899
Darden Restaurants, Inc. 32,835 2,799,184
Dave & Buster’s Entertainment, Inc. (A) 7,711 321,857
Del Frisco’s Restaurant Group, Inc. (A) 4,364 66,551
Del Taco Restaurants, Inc. (A) 6,475 67,081
Denny’s Corp. (A) 12,245 188,940
Dine Brands Global, Inc. 3,250 213,135
Domino’s Pizza Enterprises, Ltd. (B) 13,919 448,502
Domino’s Pizza, Inc. 19,524 4,560,025
Drive Shack, Inc. (A) 12,061 57,652
Dunkin’ Brands Group, Inc. (B) 36,722 2,191,936
El Pollo Loco Holdings, Inc. (A) 4,509 42,836
Eldorado Resorts, Inc. (A) 8,810 290,730
Fiesta Restaurant Group, Inc. (A) 5,179 95,812
Flight Centre Travel Group, Ltd. (B) 13,369 588,526
Fogo De Chao, Inc. (A) 2,002 31,532
Galaxy Entertainment Group, Ltd. 557,153 5,113,930
Genting Singapore PLC 1,416,821 1,175,144
Golden Entertainment, Inc. (A) 3,381 78,541
Hilton Worldwide Holdings, Inc. 53,987 4,252,016
ILG, Inc. 67,242 2,091,899
InterContinental Hotels Group PLC 42,407 2,540,713
International Speedway Corp., Class A 15,598 687,872
J Alexander’s Holdings, Inc. (A) 2,854 32,678
Jack in the Box, Inc. 18,717 1,597,122
La Quinta Holdings, Inc. (A) 15,499 293,086
Lindblad Expeditions Holdings, Inc. (A) 4,681 48,074
Marriott International, Inc., Class A 80,311 10,920,690
Marriott Vacations Worldwide Corp. 4,005 533,466
McDonald’s Corp. 213,110 33,326,142
McDonald’s Holdings Company
       Japan, Ltd. 16,061 760,099
Melco Resorts &
       Entertainment, Ltd., ADR 57,600 1,669,248
Merlin Entertainments PLC (C) 165,723 805,839
MGM China Holdings, Ltd. 225,772 587,207
MGM Resorts International 135,969 4,761,634
Monarch Casino & Resort, Inc. (A) 2,152 91,008
Nathan’s Famous, Inc. 538 39,758
Norwegian Cruise Line
       Holdings, Ltd. (A) 54,925 2,909,377
Oriental Land Company, Ltd. 51,300 5,248,870
Paddy Power Betfair PLC 18,826 1,933,724
Papa John’s International, Inc. (B) 15,858 908,663
Penn National Gaming, Inc. (A) 16,033 421,027
Pinnacle Entertainment, Inc. (A) 9,979 300,867
Planet Fitness, Inc., Class A (A) 16,361 617,955

248



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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)
PlayAGS, Inc. (A) 2,135 $ 49,660
Potbelly Corp. (A) 5,042 60,756
RCI Hospitality Holdings, Inc. 1,867 53,004
Red Lion Hotels Corp. (A) 3,783 36,884
Red Robin Gourmet Burgers, Inc. (A) 2,407 139,606
Red Rock Resorts, Inc., Class A 13,009 380,904
Royal Caribbean Cruises, Ltd. 45,680 5,378,363
Ruth’s Hospitality Group, Inc. 5,420 132,519
Sands China, Ltd. 568,682 3,090,408
Scientific Games Corp. (A) 33,796 1,405,914
SeaWorld Entertainment, Inc. (A)(B) 13,065 193,754
Shake Shack, Inc., Class A (A) 4,271 177,802
Shangri-La Asia, Ltd. 293,964 596,881
Six Flags Entertainment Corp. 35,104 2,185,575
SJM Holdings, Ltd. 450,826 394,965
Sodexo SA 21,253 2,139,071
Sonic Corp. 7,116 179,537
Speedway Motorsports, Inc. 2,683 47,811
Starbucks Corp. 375,596 21,743,252
Tabcorp Holdings, Ltd. 448,731 1,521,692
Texas Roadhouse, Inc. 41,867 2,419,075
The Cheesecake Factory, Inc. 27,145 1,308,932
The Habit Restaurants, Inc., Class A (A) 4,334 38,139
The Marcus Corp. 3,811 115,664
The Wendy’s Company 80,161 1,406,826
TUI AG 103,486 2,219,112
Whitbread PLC 43,094 2,236,882
Wingstop, Inc. 5,444 257,120
Wyndham Worldwide Corp. 26,811 3,067,983
Wynn Macau, Ltd. 369,070 1,352,727
Wynn Resorts, Ltd. 21,389 3,900,498
Yum! Brands, Inc. 88,938 7,571,292
Zoe’s Kitchen, Inc. (A)(B) 3,748 54,121
195,126,986
Household durables – 0.8%
AV Homes, Inc. (A) 2,616 48,527
Barratt Developments PLC 237,332 1,766,062
Bassett Furniture Industries, Inc. 2,128 64,585
Beazer Homes USA, Inc. (A) 5,980 95,381
Berkeley Group Holdings PLC 30,422 1,617,219
Casio Computer Company, Ltd. (B) 45,148 672,517
Cavco Industries, Inc. (A) 1,609 279,564
Century Communities, Inc. (A) 3,843 115,098
CSS Industries, Inc. 2,052 35,910
D.R. Horton, Inc. 91,057 3,991,939
Electrolux AB, Series B 56,520 1,784,874
Ethan Allen Interiors, Inc. 4,878 111,950
Flexsteel Industries, Inc. 1,676 66,336
Garmin, Ltd. 29,198 1,720,638
GoPro, Inc., Class A (A)(B) 21,780 104,326
Green Brick Partners, Inc. (A) 4,839 52,745
Hamilton Beach Brands Holding
       Company, Class B 853 18,101
Helen of Troy, Ltd. (A) 17,158 1,492,746
Hooker Furniture Corp. 2,254 82,722
Hovnanian Enterprises, Inc., Class A (A) 25,481 46,630
Husqvarna AB, B Shares 99,212 959,118
Iida Group Holdings Company, Ltd. (B) 34,400 643,027
Installed Building Products, Inc. (A) 4,065 244,103
iRobot Corp. (A) 5,108 327,883
KB Home 53,689 1,527,452
La-Z-Boy, Inc. 8,848 264,998
Leggett & Platt, Inc. 35,297 1,565,775
Lennar Corp., A Shares 73,563 4,335,803
LGI Homes, Inc. (A)(B) 3,230 227,941
Libbey, Inc. 5,298 25,907
M/I Homes, Inc. (A) 4,994 159,059
MDC Holdings, Inc. 8,524 237,990
Meritage Homes Corp. (A) 7,238 327,520
Mohawk Industries, Inc. (A) 16,873 3,918,248
Newell Brands, Inc. 130,746 3,331,408
Nikon Corp. 79,746 1,441,478
NVR, Inc. (A) 1,529 4,281,200
Panasonic Corp. 518,609 7,447,480
Persimmon PLC 72,531 2,574,289
PICO Holdings, Inc. (A) 4,705 53,872
PulteGroup, Inc. 70,686 2,084,530
Rinnai Corp. 7,978 758,739
SEB SA 5,303 1,014,304
Sekisui Chemical Company, Ltd. 94,044 1,649,244
Sekisui House, Ltd. 137,926 2,523,742
Sharp Corp. (A)(B) 35,300 1,057,207
Sony Corp. 297,000 14,612,493
Taylor Morrison Home Corp.,
       Class A (A) 20,970 488,182
Taylor Wimpey PLC 768,997 1,992,238
Techtronic Industries Company, Ltd. 323,242 1,897,135
Tempur Sealy International, Inc. (A)(B) 20,615 933,653
The New Home Company, Inc. (A) 3,112 34,481
Toll Brothers, Inc. 63,826 2,760,475
TopBuild Corp. (A) 6,621 506,639
TRI Pointe Group, Inc. (A) 95,878 1,575,276
Tupperware Brands Corp. 22,820 1,104,032
Universal Electronics, Inc. (A) 2,771 144,231
Whirlpool Corp. 19,091 2,923,023
William Lyon Homes, Class A (A) 6,056 166,479
ZAGG, Inc. (A) 5,095 62,159
86,350,683
Internet and direct marketing retail – 2.1%
1-800-Flowers.com, Inc., Class A (A) 5,396 63,673
Amazon.com, Inc. (A) 107,395 155,437,079
Booking Holdings, Inc. (A) 13,039 27,126,205
Duluth Holdings, Inc., Class B (A)(B) 1,988 37,235
Expedia Group, Inc. 32,798 3,621,227
Gaia, Inc. (A) 1,983 30,737
Groupon, Inc. (A) 64,685 280,733
Lands’ End, Inc. (A) 2,560 59,776
Liberty TripAdvisor Holdings, Inc.,
       Class A (A) 14,237 153,048
Netflix, Inc. (A) 115,989 34,257,351
Nutrisystem, Inc. 5,746 154,855
Overstock.com, Inc. (A) 3,159 114,514
PetMed Express, Inc. (B) 3,715 155,101
Rakuten, Inc. 218,905 1,808,949
Shutterfly, Inc. (A) 6,160 500,500
Start Today Company, Ltd. 44,300 1,153,018
TripAdvisor, Inc. (A) 29,678 1,213,533
Zalando SE (A) 26,139 1,426,370
227,593,904
Leisure products – 0.2%
Acushnet Holdings Corp. 6,040 139,464
American Outdoor Brands Corp. (A) 10,719 110,620
Bandai Namco Holdings, Inc. 46,593 1,507,922
Brunswick Corp. 39,088 2,321,436
Callaway Golf Company 17,788 291,012
Clarus Corp. (A) 5,334 36,005
Hasbro, Inc. 30,210 2,546,703
Johnson Outdoors, Inc., Class A 980 60,760
Malibu Boats, Inc., Class A (A) 4,026 133,703

249



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Leisure products (continued)
Mattel, Inc. (B) 93,095 $ 1,224,199
MCBC Holdings, Inc. (A) 3,639 91,703
Nautilus, Inc. (A) 6,062 81,534
Polaris Industries, Inc. 26,181 2,998,248
Sankyo Company, Ltd. (B) 10,951 383,093
Sega Sammy Holdings, Inc. 41,536 672,980
Shimano, Inc. 17,381 2,508,187
Sturm Ruger & Company, Inc. (B) 3,172 166,530
Vista Outdoor, Inc. (A) 10,969 179,014
Yamaha Corp. 39,173 1,720,664
17,173,777
Media – 1.9%
Altice NV, Class A (A) 125,814 1,039,782
AMC Entertainment Holdings, Inc.,
       Class A 10,584 148,705
AMC Networks, Inc., Class A (A) 21,982 1,136,469
Axel Springer SE 11,363 950,551
Cable One, Inc. 2,094 1,438,808
CBS Corp., Class B 92,313 4,743,965
Central European Media
       Enterprises, Ltd., Class A (A)(B) 16,150 67,830
Charter Communications, Inc.,
       Class A (A) 49,733 15,477,904
Cinemark Holdings, Inc. 47,315 1,782,356
Clear Channel Outdoor Holdings, Inc.,
       Class A 8,403 41,175
Comcast Corp., Class A 1,238,869 42,332,154
Daily Journal Corp. (A) 248 56,666
Dentsu, Inc. 50,765 2,243,450
Discovery Communications, Inc.,
       Series A (A)(B) 41,586 891,188
Discovery Communications, Inc.,
       Series C (A) 80,617 1,573,644
DISH Network Corp., Class A (A) 60,314 2,285,297
Emerald Expositions Events, Inc. 3,493 68,044
Entercom Communications Corp.,
       Class A (B) 24,137 232,922
Entravision Communications Corp.,
       Class A 12,918 60,715
Eros International PLC (A)(B) 5,878 64,070
Eutelsat Communications SA 40,405 800,845
Gannett Company, Inc. (B) 21,404 213,612
Gray Television, Inc. (A) 15,350 194,945
Hakuhodo DY Holdings, Inc. 54,473 751,953
Hemisphere Media Group, Inc. (A) 3,241 36,461
I-CABLE Communications, Ltd. (A) 376,531 9,628
IMAX Corp. (A) 10,618 203,866
ITV PLC 850,144 1,720,920
JCDecaux SA 17,333 602,761
John Wiley & Sons, Inc., Class A 19,822 1,262,661
Lagardere SCA 27,748 792,598
Liberty Media Corp.-Liberty Braves,
       Class A (A) 2,304 52,370
Liberty Media Corp.-Liberty Braves,
       Class C (A) 6,262 142,899
Live Nation Entertainment, Inc. (A) 60,406 2,545,509
Loral Space & Communications, Inc. (A) 2,408 100,293
MDC Partners, Inc., Class A (A) 11,558 83,218
Media General, Inc. (A)(D) 23,288 2,236
Meredith Corp. (B) 25,165 1,353,877
MSG Networks, Inc., Class A (A) 11,319 255,809
National CineMedia, Inc. 12,543 65,098
New Media Investment Group, Inc. 9,753 167,166
News Corp., Class A 100,237 1,583,745
News Corp., Class B 34,500 555,450
Nexstar Media Group, Inc., Class A 8,282 550,753
Omnicom Group, Inc. 61,531 4,471,458
Pearson PLC 189,420 1,997,036
ProSiebenSat.1 Media SE 54,666 1,893,436
Publicis Groupe SA 48,644 3,387,169
Reading International, Inc., Class A (A) 3,576 59,540
Rizzoli Corriere Della Sera Mediagroup
       SpA (A)(B) 15,091 22,236
RTL Group SA 9,245 767,556
Saga Communications, Inc., Class A 953 35,499
Schibsted ASA, B Shares 23,493 601,301
Scholastic Corp. 5,405 209,930
SES SA 86,511 1,171,010
Sinclair Broadcast Group, Inc., Class A 13,528 423,426
Singapore Press Holdings, Ltd. 382,232 737,488
Sky PLC 242,155 4,410,148
TEGNA, Inc. 96,252 1,096,310
Telenet Group Holding NV (A) 12,348 825,400
The EW Scripps Company, Class A 11,309 135,595
The Interpublic Group of
       Companies, Inc. 103,691 2,388,004
The New York Times Company, Class A 80,776 1,946,702
The Walt Disney Company 401,863 40,363,120
Time Warner, Inc. 208,446 19,714,823
Toho Company, Ltd. 27,108 902,289
tronc, Inc. (A) 4,005 65,762
Twenty-First Century Fox, Inc., Class A 282,951 10,381,472
Twenty-First Century Fox, Inc., Class B 116,934 4,252,890
Viacom, Inc., Class B 95,005 2,950,855
Vivendi SA 242,610 6,292,040
WideOpenWest, Inc. (A)(B) 5,302 37,909
World Wrestling Entertainment, Inc.,
       Class A 7,935 285,739
WPP PLC 296,528 4,712,315
207,222,826
Multiline retail – 0.4%
Big Lots, Inc. (B) 26,794 1,166,343
Dillard’s, Inc., Class A (B) 11,765 945,200
Dollar General Corp. 68,808 6,436,988
Dollar Tree, Inc. (A) 63,250 6,002,425
Don Quijote Holdings Company, Ltd. 27,600 1,581,763
Harvey Norman Holdings, Ltd. (B) 127,372 364,174
Isetan Mitsukoshi Holdings, Ltd. (B) 79,828 883,346
J Front Retailing Company, Ltd. 57,700 974,517
J.C. Penney Company, Inc. (A)(B) 59,503 179,699
Kohl’s Corp. 44,954 2,944,937
Macy’s, Inc. 82,211 2,444,955
Marks & Spencer Group PLC 380,273 1,444,450
Marui Group Company, Ltd. (B) 46,641 940,533
Next PLC 34,547 2,309,432
Nordstrom, Inc. 31,021 1,501,727
Ollie’s Bargain Outlet Holdings, Inc. (A) 8,947 539,504
Ryohin Keikaku Company, Ltd. 5,656 1,889,618
Takashimaya Company, Ltd. 70,883 681,376
Target Corp. 144,968 10,065,128
43,296,115
Specialty retail – 1.6%
Aaron’s, Inc. 39,459 1,838,789
ABC-Mart, Inc. 7,664 504,703
Abercrombie & Fitch Company, Class A 12,946 313,423
Advance Auto Parts, Inc. 19,584 2,321,683
American Eagle Outfitters, Inc. 105,840 2,109,391
America’s Car-Mart, Inc. (A) 1,384 69,823
Asbury Automotive Group, Inc. (A) 3,510 236,925

250



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Specialty retail (continued)
Ascena Retail Group, Inc. (A) 35,894 $ 72,147
At Home Group, Inc. (A) 2,093 67,060
AutoNation, Inc. (A) 26,646 1,246,500
AutoZone, Inc. (A) 7,240 4,696,516
Barnes & Noble Education, Inc. (A) 8,126 55,988
Barnes & Noble, Inc. 12,438 61,568
Bed Bath & Beyond, Inc. 63,578 1,334,502
Best Buy Company, Inc. 67,850 4,748,822
Boot Barn Holdings, Inc. (A) 3,805 67,463
Caleres, Inc. 7,986 268,330
Camping World Holdings, Inc., Class A 6,029 194,435
CarMax, Inc. (A) 48,652 3,013,505
Carvana Company (A)(B) 2,822 64,708
Chico’s FAS, Inc. 24,360 220,214
Citi Trends, Inc. 2,577 79,655
Conn’s, Inc. (A) 3,575 121,550
Dick’s Sporting Goods, Inc. 36,917 1,293,941
DSW, Inc., Class A 12,437 279,335
Dufry AG (A) 8,297 1,089,809
Express, Inc. (A) 14,926 106,870
Fast Retailing Company, Ltd. (B) 12,446 4,999,967
Five Below, Inc. (A) 10,203 748,288
Foot Locker, Inc. 33,126 1,508,558
Francesca’s Holdings Corp. (A) 7,819 37,531
GameStop Corp., Class A (B) 45,228 570,777
Genesco, Inc. (A) 3,735 151,641
GNC Holdings, Inc., Class A (A)(B) 13,197 50,940
Group 1 Automotive, Inc. 3,767 246,136
Guess?, Inc. 11,235 233,014
Haverty Furniture Companies, Inc. 3,751 75,583
Hennes & Mauritz AB, B Shares (B) 222,973 3,331,022
Hibbett Sports, Inc. (A) 3,779 90,507
Hikari Tsushin, Inc. 5,000 806,531
Hudson, Ltd., Class A (A) 7,745 123,223
Industria de Diseno Textil SA 256,200 8,054,574
Kingfisher PLC 505,626 2,074,229
Kirkland’s, Inc. (A) 3,390 32,849
L Brands, Inc. 65,530 2,503,901
Lithia Motors, Inc., Class A 4,457 448,018
Lowe’s Companies, Inc. 222,143 19,493,048
Lumber Liquidators Holdings, Inc. (A) 5,437 130,053
MarineMax, Inc. (A) 4,164 80,990
Monro, Inc. (B) 6,054 324,494
Murphy USA, Inc. (A) 14,061 1,023,641
National Vision Holdings, Inc. (A) 5,816 187,915
Nitori Holdings Company, Ltd. 18,811 3,298,809
Office Depot, Inc. 327,558 704,250
O’Reilly Automotive, Inc. (A) 22,369 5,533,643
Party City Holdco, Inc. (A)(B) 6,816 106,330
Pier 1 Imports, Inc. 16,573 53,365
Rent-A-Center, Inc. (B) 8,652 74,667
RH (A)(B) 3,800 362,064
Ross Stores, Inc. 102,102 7,961,914
Sally Beauty Holdings, Inc. (A) 55,850 918,733
Shimamura Company, Ltd. 5,170 644,638
Shoe Carnival, Inc. 2,222 52,884
Signet Jewelers, Ltd. 26,992 1,039,732
Sleep Number Corp. (A) 7,403 260,215
Sonic Automotive, Inc., Class A 4,918 93,196
Tailored Brands, Inc. 9,395 235,439
The Buckle, Inc. 5,555 123,043
The Cato Corp., Class A 4,913 72,418
The Children’s Place, Inc. 3,211 434,288
The Finish Line, Inc., Class A 7,801 105,626
The Gap, Inc. 57,769 1,802,393
The Home Depot, Inc. 312,122 55,632,625
The Michaels Companies, Inc. (A) 49,358 972,846
The TJX Companies, Inc. 169,004 13,783,966
Tiffany & Company 27,166 2,653,032
Tile Shop Holdings, Inc. 8,220 49,320
Tilly’s, Inc., A Shares 2,732 30,872
Tractor Supply Company 33,777 2,128,627
Ulta Beauty, Inc. (A) 15,566 3,179,667
Urban Outfitters, Inc. (A) 35,761 1,321,727
USS Company, Ltd. 51,448 1,053,007
Williams-Sonoma, Inc. 34,572 1,824,019
Winmark Corp. 436 57,029
Yamada Denki Company, Ltd. (B) 146,408 889,680
Zumiez, Inc. (A) 3,588 85,753
181,344,902
Textiles, apparel and luxury goods – 1.1%
adidas AG 44,233 10,761,770
Asics Corp. 37,772 703,539
Burberry Group PLC 99,539 2,372,660
Carter’s, Inc. 21,126 2,199,217
Cie Financiere Richemont SA 122,633 11,020,029
Columbia Sportswear Company 5,460 417,308
Crocs, Inc. (A) 13,339 216,759
Culp, Inc. 2,113 64,552
Deckers Outdoor Corp. (A) 20,113 1,810,773
Fossil Group, Inc. (A) 8,775 111,443
G-III Apparel Group, Ltd. (A) 8,209 309,315
Hanesbrands, Inc. (B) 95,186 1,753,326
Hermes International 7,440 4,410,069
HUGO BOSS AG 14,884 1,296,647
Kering SA 17,800 8,537,180
Li & Fung, Ltd. 1,374,774 677,731
Luxottica Group SpA 39,845 2,475,355
LVMH Moet Hennessy Louis Vuitton SE 65,505 20,186,882
Michael Kors Holdings, Ltd. (A) 40,581 2,519,268
Movado Group, Inc. 2,954 113,434
NIKE, Inc., Class B 346,913 23,048,900
Oxford Industries, Inc. 3,097 230,912
Pandora A/S (B) 25,112 2,717,021
Perry Ellis International, Inc. (A) 2,634 67,957
PVH Corp. 20,564 3,114,007
Ralph Lauren Corp. 14,855 1,660,789
Skechers U.S.A., Inc., Class A (A) 60,567 2,355,451
Steven Madden, Ltd. 11,150 489,485
Superior Uniform Group, Inc. 1,767 46,419
Tapestry, Inc. 75,828 3,989,311
The Swatch Group AG 13,059 1,095,158
The Swatch Group AG, BR Shares 7,254 3,200,791
Under Armour, Inc., Class A (A)(B) 49,918 816,159
Under Armour, Inc., Class C (A)(B) 48,619 697,683
Unifi, Inc. (A) 2,997 108,641
Vera Bradley, Inc. (A) 4,031 42,769
VF Corp. 88,281 6,543,388
Wolverine World Wide, Inc. 17,615 509,074
Yue Yuen Industrial Holdings, Ltd. 175,987 705,086
123,396,258
1,325,789,595
Consumer staples – 7.9%
Beverages – 1.8%
Anheuser-Busch InBev SA 179,000 19,680,462
Asahi Group Holdings, Ltd. 90,881 4,887,454
Brown-Forman Corp., Class B 69,744 3,794,074
Carlsberg A/S, Class B 25,153 3,003,131
Coca-Cola Amatil, Ltd. 127,826 855,965

251



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Beverages (continued)
Coca-Cola Bottlers Japan Holdings, Inc. 28,700 $ 1,185,239
Coca-Cola Bottling Company
       Consolidated (B) 882 152,295
Coca-Cola European Partners PLC 51,258 2,135,408
Coca-Cola HBC AG (A) 43,391 1,605,756
Constellation Brands, Inc., Class A 45,954 10,473,836
Craft Brew Alliance, Inc. (A) 2,668 49,625
Davide Campari-Milano SpA 136,294 1,031,857
Diageo PLC 585,959 19,816,958
Dr. Pepper Snapple Group, Inc. 48,173 5,702,720
Heineken Holding NV 27,073 2,791,479
Heineken NV 60,894 6,549,389
Kirin Holdings Company, Ltd. 204,092 5,433,352
MGP Ingredients, Inc. 2,426 217,345
Molson Coors Brewing Company,
       Class B 49,292 3,713,166
Monster Beverage Corp. (A) 110,901 6,344,646
National Beverage Corp. (B) 2,199 195,755
PepsiCo, Inc. 380,162 41,494,682
Pernod Ricard SA 49,890 8,307,093
Primo Water Corp. (A) 5,195 60,833
Remy Cointreau SA 5,357 764,142
Suntory Beverage & Food, Ltd. 32,459 1,580,121
The Boston Beer Company, Inc.,
       Class A (A) 5,513 1,042,233
The Coca-Cola Company 1,026,279 44,571,297
Treasury Wine Estates, Ltd. 170,656 2,229,662
199,669,975
Food and staples retailing – 1.5%
Aeon Company, Ltd. 143,278 2,548,191
Carrefour SA (B) 136,414 2,829,210
Casey’s General Stores, Inc. 16,762 1,839,965
Casino Guichard Perrachon SA (B) 13,097 641,475
Colruyt SA 14,098 780,318
Costco Wholesale Corp. 117,365 22,115,087
CVS Health Corp. 271,190 16,870,730
FamilyMart UNY Holdings
       Company, Ltd. (B) 19,541 1,628,096
ICA Gruppen AB (B) 19,160 679,288
Ingles Markets, Inc., Class A 2,823 95,559
J Sainsbury PLC 385,655 1,293,674
Jeronimo Martins SGPS SA 58,963 1,072,454
Koninklijke Ahold Delhaize NV 300,932 7,130,860
Lawson, Inc. 11,989 819,594
METRO AG 42,485 751,572
Performance Food Group Company (A) 19,153 571,717
PriceSmart, Inc. 4,224 352,915
Seven & i Holdings Company, Ltd. 176,929 7,578,281
SpartanNash Company 7,176 123,499
Sprouts Farmers Market, Inc. (A) 55,249 1,296,694
Sundrug Company, Ltd. 17,492 818,729
SUPERVALU, Inc. (A) 7,448 113,433
Sysco Corp. 127,903 7,669,064
Tesco PLC 1,923,565 5,567,197
The Andersons, Inc. 5,168 171,061
The Chefs’ Warehouse, Inc. (A) 4,120 94,760
The Kroger Company 234,648 5,617,473
Tsuruha Holdings, Inc. 8,598 1,237,449
United Natural Foods, Inc. (A) 32,143 1,380,220
Village Super Market, Inc., Class A 1,860 49,048
Walgreens Boots Alliance, Inc. 227,722 14,908,959
Walmart, Inc. 387,985 34,519,025
Weis Markets, Inc. 2,065 84,624
Wesfarmers, Ltd. 266,383 8,536,197
Wm Morrison Supermarkets PLC 530,497 1,591,687
Woolworths Group, Ltd. 306,286 6,216,695
159,594,800
Food products – 1.7%
Ajinomoto Company, Inc. 127,696 2,318,990
Archer-Daniels-Midland Company 149,220 6,471,671
Associated British Foods PLC 83,715 2,926,805
B&G Foods, Inc. (B) 12,473 295,610
Barry Callebaut AG 512 1,001,349
Calavo Growers, Inc. (B) 2,984 275,125
Calbee, Inc. (B) 19,000 645,617
Cal-Maine Foods, Inc. (A) 5,436 237,553
Campbell Soup Company (B) 51,215 2,218,122
Chocoladefabriken Lindt &
       Spruengli AG 245 1,520,032
Chocoladefabriken Lindt &
       Spruengli AG 24 1,747,015
Conagra Brands, Inc. 107,243 3,955,122
Danone SA 141,818 11,498,921
Darling Ingredients, Inc. (A) 31,034 536,888
Dean Foods Company 17,749 152,996
Farmer Brothers Company (A) 1,744 52,669
Flowers Foods, Inc. 82,742 1,808,740
Fresh Del Monte Produce, Inc. 6,040 273,250
Freshpet, Inc. (A)(B) 4,878 80,243
General Mills, Inc. 151,639 6,832,853
Golden Agri-Resources, Ltd. 1,651,061 442,619
Hormel Foods Corp. (B) 73,090 2,508,449
Hostess Brands, Inc. (A) 15,269 225,829
Ingredion, Inc. 32,249 4,157,541
J&J Snack Foods Corp. 2,831 386,601
John B. Sanfilippo & Son, Inc. 1,612 93,286
Kellogg Company 66,400 4,316,664
Kerry Group PLC, Class A 37,246 3,776,331
Kikkoman Corp. (B) 34,646 1,404,631
Lamb Weston Holdings, Inc. 65,256 3,799,204
Lancaster Colony Corp. 12,236 1,506,741
Landec Corp. (A) 5,471 71,397
Limoneira Company 2,616 62,078
Marine Harvest ASA 97,811 1,977,099
McCormick & Company, Inc. 32,427 3,449,909
MEIJI Holdings Company, Ltd. 28,700 2,204,646
Mondelez International, Inc., Class A 397,207 16,575,448
Nestle SA 731,158 57,791,817
NH Foods, Ltd. 21,941 900,913
Nisshin Seifun Group, Inc. 46,500 923,996
Nissin Foods Holdings Company, Ltd. 13,575 941,840
Orkla ASA 191,570 2,064,548
Post Holdings, Inc. (A) 29,276 2,217,950
Sanderson Farms, Inc. 12,759 1,518,576
Seneca Foods Corp., Class A (A) 1,558 43,157
The Hain Celestial Group, Inc. (A) 46,393 1,487,824
The Hershey Company 37,538 3,714,760
The J.M. Smucker Company 30,324 3,760,479
The Kraft Heinz Company 159,261 9,920,368
Tootsie Roll Industries, Inc. (B) 11,906 350,640
Toyo Suisan Kaisha, Ltd. 20,750 819,968
TreeHouse Foods, Inc. (A) 25,214 964,940
Tyson Foods, Inc., Class A 79,400 5,811,286
WH Group, Ltd. (C) 2,066,000 2,213,690
Wilmar International, Ltd. 382,203 931,827
Yakult Honsha Company, Ltd. (B) 20,503 1,536,887
Yamazaki Baking Company, Ltd. 30,690 642,968
190,366,478

252



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

Shares or
Principal
Amount       Value
COMMON STOCKS (continued)
Household products – 1.0%
Central Garden & Pet Company (A) 2,840 $ 122,120
Central Garden & Pet Company,
       Class A (A) 5,754 227,916
Church & Dwight Company, Inc. 65,204 3,283,673
Colgate-Palmolive Company 234,253 16,791,255
Energizer Holdings, Inc. 26,646 1,587,569
Essity AB, Class B (A) 142,348 3,944,915
Henkel AG & Company KGaA 24,432 3,078,032
HRG Group, Inc. (A) 22,599 372,658
Kimberly-Clark Corp. 93,854 10,336,141
Lion Corp. 52,200 1,071,236
Oil-Dri Corp. of America 1,047 42,079
Reckitt Benckiser Group PLC 157,014 13,253,212
The Clorox Company 34,422 4,581,912
The Procter & Gamble Company 673,708 53,411,570
Unicharm Corp. 94,800 2,734,367
WD-40 Company 2,591 341,235
115,179,890
Personal products – 0.8%
Beiersdorf AG 23,687 2,684,390
Coty, Inc., Class A 127,875 2,340,113
Edgewell Personal Care Company (A) 24,107 1,176,904
elf Beauty, Inc. (A)(B) 4,166 80,695
Inter Parfums, Inc. 3,299 155,548
Kao Corp. 116,275 8,729,165
Kose Corp. (B) 7,100 1,492,582
L’Oreal SA 59,190 13,368,568
Medifast, Inc. 1,981 185,124
Natural Health Trends Corp. 1,568 29,808
Nu Skin Enterprises, Inc., Class A 22,137 1,631,718
Pola Orbis Holdings, Inc. 21,572 899,276
Revlon, Inc., Class A (A) 2,429 50,037
Shiseido Company, Ltd. 89,260 5,732,011
The Estee Lauder Companies, Inc.,
       Class A 60,160 9,007,155
Unilever NV 382,690 21,601,095
Unilever PLC 289,347 16,047,926
USANA Health Sciences, Inc. (A) 2,160 185,544
85,397,659
Tobacco – 1.1%
Altria Group, Inc. 507,896 31,652,079
British American Tobacco PLC 538,841 31,148,708
Imperial Brands PLC 224,081 7,629,844
Japan Tobacco, Inc. 258,466 7,383,596
Philip Morris International, Inc. 415,149 41,265,811
Swedish Match AB 42,668 1,933,617
Universal Corp. 4,731 229,454
Vector Group, Ltd. (B) 18,401 375,196
121,618,305
871,827,107
Energy – 5.3%
Energy equipment and services – 0.6%
Archrock, Inc. 13,387 117,136
Baker Hughes, a GE Company 112,150 3,114,406
Basic Energy Services, Inc. (A) 3,562 51,435
Bristow Group, Inc. (B) 6,534 84,942
C&J Energy Services, Inc. (A) 9,634 248,750
Cactus, Inc., Class A (A) 4,482 120,700
CARBO Ceramics, Inc. (A)(B) 5,197 37,678
Core Laboratories NV 19,694 2,131,285
Diamond Offshore Drilling, Inc. (A)(B) 40,850 598,861
Dril-Quip, Inc. (A) 24,189 1,083,667
Ensco PLC, Class A (B) 276,158 1,212,334
Era Group, Inc. (A) 4,778 44,674
Exterran Corp. (A) 6,076 162,229
Fairmount Santrol Holdings, Inc. (A) 30,002 127,509
Forum Energy Technologies, Inc. (A) 15,401 169,411
Frank’s International NV 10,540 57,232
FTS International, Inc. (A) 4,384 80,622
Geospace Technologies Corp. (A) 2,883 28,455
Halliburton Company 232,700 10,922,938
Helix Energy Solutions Group, Inc. (A) 27,690 160,325
Helmerich & Payne, Inc. (B) 29,120 1,938,227
Independence Contract Drilling, Inc. (A) 7,708 29,136
John Wood Group PLC 157,468 1,196,541
Keane Group, Inc. (A) 9,973 147,600
Key Energy Services, Inc. (A) 2,328 27,284
Liberty Oilfield Services, Inc.,
       Class A (A)(B) 2,875 48,559
Mammoth Energy Services, Inc. (A) 1,534 49,180
Matrix Service Company (A) 5,118 70,117
McDermott International, Inc. (A) 53,652 326,741
Nabors Industries, Ltd. 140,875 984,716
National Oilwell Varco, Inc. 101,352 3,730,767
Natural Gas Services Group, Inc. (A) 2,434 58,051
NCS Multistage Holdings, Inc. (A) 2,120 31,800
Newpark Resources, Inc. (A) 16,024 129,794
Nine Energy Service, Inc. (A) 1,644 40,031
Noble Corp. PLC (A) 46,811 173,669
Nordic American Offshore, Ltd. 889 978
Oceaneering International, Inc. 43,963 815,074
Oil States International, Inc. (A) 9,670 253,354
Patterson-UTI Energy, Inc. 99,241 1,737,710
Pioneer Energy Services Corp. (A) 15,558 42,007
ProPetro Holding Corp. (A)(B) 10,767 171,088
RigNet, Inc. (A) 2,724 37,046
Rowan Companies PLC, Class A (A) 73,005 842,478
Schlumberger, Ltd. 370,416 23,995,548
SEACOR Holdings, Inc. (A) 3,219 164,491
SEACOR Marine Holdings, Inc. (A) 3,339 63,508
Select Energy Services, Inc., Class A (A) 4,992 62,999
Solaris Oilfield Infrastructure, Inc.,
       Class A (A) 3,713 61,487
Superior Energy Services, Inc. (A) 98,058 826,629
TechnipFMC PLC 116,924 3,443,412
Tenaris SA (B) 110,983 1,918,459
TETRA Technologies, Inc. (A) 22,375 83,906
Transocean, Ltd. (A)(B) 194,639 1,926,926
U.S. Silica Holdings, Inc. (B) 15,627 398,801
Unit Corp. (A) 9,891 195,446
66,578,149
Oil, gas and consumable fuels – 4.7%
Abraxas Petroleum Corp. (A) 30,949 68,707
Anadarko Petroleum Corp. 145,957 8,817,262
Andeavor 37,651 3,786,185
Apache Corp. 102,909 3,959,938
Arch Coal, Inc., Class A 3,572 328,195
Ardmore Shipping Corp. (A) 6,916 52,562
Bonanza Creek Energy, Inc. (A) 3,972 110,064
BP PLC 4,647,120 31,345,296
Cabot Oil & Gas Corp. 123,399 2,959,108
California Resources Corp. (A) 8,345 143,117
Callon Petroleum Company (A) 128,466 1,700,890
Caltex Australia, Ltd. 61,192 1,486,420
Carrizo Oil & Gas, Inc. (A) 14,799 236,784
Chesapeake Energy Corp. (A)(B) 405,918 1,225,872
Chevron Corp. 510,678 58,237,719
Cimarex Energy Company 25,266 2,362,371

253



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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)
Clean Energy Fuels Corp. (A) 29,379 $ 48,475
Cloud Peak Energy, Inc. (A) 15,668 45,594
CNX Resources Corp. (A) 89,905 1,387,234
Concho Resources, Inc. (A) 40,094 6,027,331
ConocoPhillips 314,113 18,623,760
CVR Energy, Inc. (B) 2,997 90,569
Delek US Holdings, Inc. 15,133 615,913
Denbury Resources, Inc. (A) 76,551 209,750
Devon Energy Corp. 140,187 4,456,545
DHT Holdings, Inc. 16,703 56,790
Dorian LPG, Ltd. (A) 5,029 37,667
Earthstone Energy, Inc., Class A (A) 4,062 41,107
Enagas SA 52,964 1,450,405
Energen Corp. (A) 43,392 2,727,621
Eni SpA 597,401 10,523,365
EOG Resources, Inc. 154,859 16,302,007
EQT Corp. 65,336 3,104,113
Evolution Petroleum Corp. 5,638 45,386
Exxon Mobil Corp. 1,132,712 84,511,642
Frontline, Ltd. (B) 15,731 69,688
Galp Energia SGPS SA 117,881 2,223,082
GasLog, Ltd. 7,874 129,527
Gastar Exploration, Inc. (A)(B) 37,912 25,883
Gener8 Maritime, Inc. (A) 9,687 54,732
Golar LNG, Ltd. (B) 18,160 496,858
Green Plains, Inc. 7,586 127,445
Gulfport Energy Corp. (A) 73,564 709,893
Halcon Resources Corp. (A) 26,771 130,375
Hess Corp. 72,078 3,648,588
HighPoint Resources Corp. (A) 19,401 98,557
HollyFrontier Corp. 79,180 3,868,735
Idemitsu Kosan Company, Ltd. 31,700 1,212,865
Inpex Corp. 223,341 2,771,510
International Seaways, Inc. (A) 5,503 96,853
Jagged Peak Energy, Inc. (A) 10,962 154,893
JXTG Holdings, Inc. 724,811 4,418,867
Kinder Morgan, Inc. 507,564 7,643,914
Koninklijke Vopak NV (B) 16,172 794,045
Lilis Energy, Inc. (A) 9,071 36,012
Lundin Petroleum AB (A) 43,868 1,108,232
Marathon Oil Corp. 226,669 3,656,171
Marathon Petroleum Corp. 126,888 9,276,782
Matador Resources Company (A) 61,815 1,848,887
Midstates Petroleum Company, Inc. (A) 2,666 35,538
Murphy Oil Corp. 72,421 1,871,359
NACCO Industries, Inc., Class A 853 28,021
Neste OYJ 30,152 2,098,730
Newfield Exploration Company (A) 53,387 1,303,711
Noble Energy, Inc. 131,943 3,997,873
Nordic American Tankers, Ltd. (B) 29,056 56,369
Oasis Petroleum, Inc. (A) 51,033 413,367
Occidental Petroleum Corp. 205,078 13,321,867
Oil Search, Ltd. 322,442 1,791,073
OMV AG 34,660 2,021,613
ONEOK, Inc. 109,487 6,232,000
Origin Energy, Ltd. (A) 412,446 2,783,424
Overseas Shipholding Group, Inc.,
       Class A (A) 10,774 30,598
Pacific Ethanol, Inc. (A) 9,742 29,226
Panhandle Oil and Gas, Inc., Class A 3,329 64,250
Par Pacific Holdings, Inc. (A) 5,951 102,179
PBF Energy, Inc., Class A 49,407 1,674,897
PDC Energy, Inc. (A) 12,557 615,670
Peabody Energy Corp. 12,576 459,024
Penn Virginia Corp. (A) 2,765 96,886
Phillips 66 111,968 10,739,971
Pioneer Natural Resources Company 45,399 7,798,640
QEP Resources, Inc. (A) 107,565 1,053,061
Range Resources Corp. 58,683 853,251
Renewable Energy Group, Inc. (A) 7,518 96,230
Repsol SA 294,532 5,235,493
Resolute Energy Corp. (A)(B) 4,216 146,084
REX American Resources Corp. (A) 1,104 80,371
Ring Energy, Inc. (A) 9,499 136,311
Royal Dutch Shell PLC, A Shares 1,067,215 33,765,124
Royal Dutch Shell PLC, B Shares 879,972 28,316,133
Sanchez Energy Corp. (A)(B) 14,956 46,812
SandRidge Energy, Inc. (A) 6,915 100,337
Santos, Ltd. (A) 440,622 1,737,820
Scorpio Tankers, Inc. 52,447 102,796
SemGroup Corp., Class A 12,692 271,609
Ship Finance International, Ltd. (B) 10,822 154,755
Showa Shell Sekiyu KK 44,094 600,249
SilverBow Resources, Inc. (A) 1,378 40,100
SM Energy Company 45,847 826,621
Snam SpA 534,163 2,455,443
Southwestern Energy Company (A) 228,157 987,920
SRC Energy, Inc. (A) 45,657 430,546
Statoil ASA 271,755 6,431,886
Stone Energy Corp. (A) 3,746 138,977
Teekay Corp. (B) 12,215 98,819
Teekay Tankers, Ltd., Class A (B) 44,426 52,867
Tellurian, Inc. (A)(B) 11,997 86,498
The Williams Companies, Inc. 220,473 5,480,959
TOTAL SA 564,157 32,337,266
Ultra Petroleum Corp. (A) 37,912 158,093
Uranium Energy Corp. (A)(B) 29,179 38,224
Valero Energy Corp. 115,844 10,746,848
W&T Offshore, Inc. (A) 18,401 81,516
WildHorse Resource Development
       Corp. (A) 9,237 176,334
Woodside Petroleum, Ltd. 219,461 4,976,783
World Fuel Services Corp. 30,200 741,410
WPX Energy, Inc. (A) 177,772 2,627,470
510,905,460
577,483,609
Financials – 16.6%
Banks – 8.3%
1st Source Corp. 2,942 148,924
ABN AMRO Group NV (C) 99,404 2,997,362
Access National Corp. 3,060 87,302
ACNB Corp. 1,526 44,636
AIB Group PLC 192,660 1,159,599
Allegiance Bancshares, Inc. (A) 2,334 91,376
American National Bankshares, Inc. 1,748 65,725
Ameris Bancorp 6,847 362,206
Aozora Bank, Ltd. 28,127 1,128,915
Arrow Financial Corp. 2,364 80,258
Associated Banc-Corp 76,142 1,892,129
Atlantic Capital Bancshares, Inc. (A) 4,351 78,753
Australia & New Zealand Banking
       Group, Ltd. 690,161 14,364,555
Banc of California, Inc. 8,241 159,051
BancFirst Corp. 3,074 163,229
Banco Bilbao Vizcaya Argentaria SA 1,566,564 12,406,502
Banco de Sabadell SA 1,253,410 2,563,760
Banco Espirito Santo SA (A) 625,609 250
Banco Latinoamericano de Comercio
       Exterior SA 5,803 165,386

254



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

Shares or
Principal
Amount       Value
COMMON STOCKS (continued)
Banks (continued)
Banco Santander SA 3,789,840 $ 24,805,927
BancorpSouth Bank 53,498 1,701,236
Bank Hapoalim BM 250,702 1,724,057
Bank Leumi Le-Israel BM 340,226 2,055,115
Bank of America Corp. 2,557,115 76,687,879
Bank of Commerce Holdings 4,197 48,895
Bank of Hawaii Corp. 18,895 1,570,175
Bank of Ireland Group PLC (A) 215,444 1,887,912
Bank of Marin Bancorp 1,397 96,323
Bank of Queensland, Ltd. 93,487 793,551
Bank of the Ozarks 54,210 2,616,717
Bankia SA 290,071 1,301,245
Bankinter SA 158,046 1,627,136
Bankwell Financial Group, Inc. 1,407 45,418
Banner Corp. 6,125 339,876
Bar Harbor Bankshares 3,071 85,128
Barclays PLC 4,002,211 11,694,882
BB&T Corp. 207,783 10,813,027
BCB Bancorp, Inc. 2,856 44,696
Bendigo & Adelaide Bank, Ltd. 112,325 855,229
Berkshire Hills Bancorp, Inc. 7,400 280,830
Blue Hills Bancorp, Inc. 4,480 93,408
BNP Paribas SA 263,962 19,575,603
BOC Hong Kong Holdings, Ltd. 869,241 4,264,304
Boston Private Financial Holdings, Inc. 15,821 238,106
Bridge Bancorp, Inc. 3,759 126,114
Brookline Bancorp, Inc. 14,119 228,728
Bryn Mawr Bank Corp. 3,512 154,352
Byline Bancorp, Inc. (A) 3,280 75,210
C&F Financial Corp. 776 40,818
Cadence BanCorp 5,506 149,928
CaixaBank SA 843,228 4,020,220
Camden National Corp. 3,010 133,945
Capital City Bank Group, Inc. 2,371 58,682
Capstar Financial Holdings, Inc. (A) 2,428 45,719
Carolina Financial Corp. 3,513 137,991
Cathay General Bancorp 48,315 1,931,634
CenterState Bank Corp. 11,175 296,473
Central Pacific Financial Corp. 5,523 157,185
Central Valley Community Bancorp 2,352 46,005
Century Bancorp, Inc., Class A 701 55,659
Chemical Financial Corp. 45,192 2,471,099
Chemung Financial Corp. 809 37,594
Citigroup, Inc. 687,001 46,372,568
Citizens & Northern Corp. 2,904 67,053
Citizens Financial Group, Inc. 129,816 5,449,676
City Holding Company 2,775 190,254
Civista Bancshares, Inc. 2,488 56,876
CNB Financial Corp. 3,039 88,405
CoBiz Financial, Inc. 7,481 146,628
Codorus Valley Bancorp, Inc. 2,010 56,521
Columbia Banking System, Inc. 13,535 567,793
Comerica, Inc. 46,404 4,451,536
Commerce Bancshares, Inc. 41,923 2,511,607
Commerzbank AG (A) 250,089 3,246,732
Commonwealth Bank of Australia 411,761 23,026,406
Community Bank System, Inc. 9,175 491,413
Community Bankers Trust Corp. (A) 5,579 50,211
Community Trust Bancorp, Inc. 2,980 134,696
Concordia Financial Group, Ltd. 287,346 1,622,489
ConnectOne Bancorp, Inc. 5,750 165,600
Credit Agricole SA 267,431 4,360,464
Cullen/Frost Bankers, Inc. 25,871 2,744,137
Customers Bancorp, Inc. (A) 5,475 159,596
CVB Financial Corp. 19,581 443,314
Danske Bank A/S 176,142 6,599,737
DBS Group Holdings, Ltd. 420,983 8,892,148
DNB ASA 229,594 4,522,364
DNB Financial Corp. 956 34,081
Eagle Bancorp, Inc. (A) 6,016 360,058
East West Bancorp, Inc. 64,528 4,035,581
Enterprise Financial Services Corp. 4,036 189,288
Equity Bancshares, Inc., Class A (A) 2,163 84,703
Erste Group Bank AG 70,728 3,555,729
Evans Bancorp, Inc. 1,159 52,445
Farmers & Merchants Bancorp, Inc. 1,658 66,933
Farmers Capital Bank Corp. 1,681 67,156
Farmers National Banc Corp. 5,131 71,064
FB Financial Corp. (A) 2,355 95,589
FCB Financial Holdings, Inc.,
       Class A (A) 6,864 350,750
Fidelity Southern Corp. 4,449 102,638
Fifth Third Bancorp 185,522 5,890,324
Financial Institutions, Inc. 3,036 89,866
First Bancorp (NC) 5,248 187,091
First BanCorp (PR) (A) 36,535 219,941
First Bancorp, Inc. 2,247 62,871
First Busey Corp. 7,499 222,870
First Business Financial Services, Inc. 2,028 51,024
First Citizens BancShares, Inc., Class A 1,356 560,353
First Commonwealth Financial Corp. 17,978 254,029
First Community Bancshares, Inc. 3,237 96,624
First Connecticut Bancorp, Inc. 2,940 75,264
First Financial Bancorp 11,706 343,571
First Financial Bankshares, Inc. (B) 11,935 552,591
First Financial Corp. 2,207 91,811
First Financial Northwest, Inc. 2,588 43,349
First Foundation, Inc. (A) 5,723 106,104
First Guaranty Bancshares, Inc. 1,250 32,488
First Horizon National Corp. 145,907 2,747,429
First Internet Bancorp 1,605 59,385
First Interstate BancSystem, Inc.,
       Class A 4,909 194,151
First Merchants Corp. 7,599 316,878
First Mid-Illinois Bancshares, Inc. 2,104 76,691
First Midwest Bancorp, Inc. 19,169 471,366
First NBC Bank Holding Company (A) 4,227 106
First Northwest Bancorp (A) 2,514 42,461
Flushing Financial Corp. 5,473 147,552
FNB Bancorp 1,199 44,111
FNB Corp. 144,404 1,942,234
Franklin Financial Network, Inc. (A) 2,504 81,630
Fukuoka Financial Group, Inc. 183,101 1,003,059
Fulton Financial Corp. 110,249 1,956,920
German American Bancorp, Inc. 4,142 138,136
Glacier Bancorp, Inc. 14,678 563,342
Great Southern Bancorp, Inc. 2,127 106,244
Great Western Bancorp, Inc. 11,119 447,762
Green Bancorp, Inc. (A) 4,752 105,732
Guaranty Bancorp 4,677 132,593
Guaranty Bancshares, Inc. 1,596 53,163
Hancock Holding Company 53,723 2,777,479
Hang Seng Bank, Ltd. 179,690 4,175,024
Hanmi Financial Corp. 5,903 181,517
HarborOne Bancorp, Inc. (A) 2,487 43,920
Heartland Financial USA, Inc. 4,402 233,526
Heritage Commerce Corp. 6,935 114,289
Heritage Financial Corp. 5,483 167,780
Hilltop Holdings, Inc. 13,929 326,774
Home BancShares, Inc. 100,403 2,290,192

255



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

Shares or
Principal
Amount       Value
COMMON STOCKS (continued)
Banks (continued)
HomeTrust Bancshares, Inc. (A) 3,437 $ 89,534
Hope Bancorp, Inc. 24,853 452,076
Horizon Bancorp 4,401 132,074
Howard Bancorp, Inc. (A) 2,069 40,966
HSBC Holdings PLC 4,696,491 44,103,394
Huntington Bancshares, Inc. 294,726 4,450,363
IBERIABANK Corp. 9,514 742,092
Independent Bank Corp. (MA) 5,043 360,827
Independent Bank Corp. (MI) 3,740 85,646
Independent Bank Group, Inc. 3,796 268,377
ING Groep NV 912,771 15,403,191
International Bancshares Corp. 34,584 1,345,318
Intesa Sanpaolo SpA 3,166,843 11,530,480
Investar Holding Corp. 1,896 49,012
Investors Bancorp, Inc. 46,938 640,234
Japan Post Bank Company, Ltd. 95,800 1,300,093
JPMorgan Chase & Co. 917,274 100,872,622
KBC Group NV 58,937 5,132,165
KeyCorp 283,630 5,544,967
Kyushu Financial Group, Inc. 83,200 415,533
Lakeland Bancorp, Inc. 8,672 172,139
Lakeland Financial Corp. 4,498 207,943
LCNB Corp. 2,295 43,605
LegacyTexas Financial Group, Inc. 9,033 386,793
Live Oak Bancshares, Inc. 4,461 124,016
Lloyds Banking Group PLC 16,904,186 15,376,482
M&T Bank Corp. 40,157 7,403,345
Macatawa Bank Corp. 6,126 62,914
MainSource Financial Group, Inc. 4,613 187,518
MB Financial, Inc. 52,768 2,136,049
MBT Financial Corp. 4,253 45,720
Mebuki Financial Group, Inc. 231,700 900,013
Mediobanca Banca di Credito
       Finanziario SpA 145,284 1,708,016
Mercantile Bank Corp. 3,203 106,500
Metropolitan Bank Holding Corp. (A) 827 34,825
Midland States Bancorp, Inc. 3,118 98,404
MidSouth Bancorp, Inc. 3,479 44,009
MidWestOne Financial Group, Inc. 2,430 80,895
Mitsubishi UFJ Financial Group, Inc. 2,801,168 18,615,487
Mizrahi Tefahot Bank, Ltd. 31,824 609,617
Mizuho Financial Group, Inc. 5,666,700 10,326,864
MutualFirst Financial, Inc. 1,271 46,074
National Australia Bank, Ltd. 630,991 13,930,090
National Bank Holdings Corp., Class A 4,544 151,088
National Commerce Corp. (A) 2,379 103,605
NBT Bancorp, Inc. 8,187 290,475
Nicolet Bankshares, Inc. (A) 1,714 94,390
Nordea Bank AB 713,628 7,635,791
Northeast Bancorp 1,598 32,759
Northrim BanCorp, Inc. 1,565 54,071
Norwood Financial Corp. 1,320 39,719
OFG Bancorp 8,562 89,473
Ohio Valley Banc Corp. 958 40,092
Old Line Bancshares, Inc. 1,751 57,783
Old National Bancorp 25,204 425,948
Old Second Bancorp, Inc. 5,800 80,620
Opus Bank 3,792 106,176
Orrstown Financial Services, Inc. 1,718 41,490
Oversea-Chinese Banking Corp., Ltd. 738,124 7,271,259
Pacific Mercantile Bancorp (A) 4,337 41,418
Pacific Premier Bancorp, Inc. (A) 7,390 297,078
PacWest Bancorp 56,151 2,781,159
Park National Corp. 2,474 256,702
Peapack Gladstone Financial Corp. 3,459 115,496
Penns Woods Bancorp, Inc. 1,157 48,953
Peoples Bancorp of North Carolina, Inc. 1,266 38,892
Peoples Bancorp, Inc. 3,138 111,242
Peoples Financial Services Corp. 1,469 67,060
People’s United Financial, Inc. 93,394 1,742,732
People’s Utah Bancorp 2,702 87,275
Pinnacle Financial Partners, Inc. 33,032 2,120,654
Preferred Bank 2,504 160,757
Premier Financial Bancorp, Inc. 2,210 41,128
Prosperity Bancshares, Inc. 31,175 2,264,240
QCR Holdings, Inc. 2,353 105,532
Raiffeisen Bank International AG (A) 34,837 1,356,887
RBB Bancorp 1,744 45,989
Regions Financial Corp. 300,304 5,579,648
Renasant Corp. 8,532 363,122
Republic Bancorp, Inc., Class A 1,805 69,132
Republic First Bancorp, Inc. (A)(B) 9,936 86,443
Resona Holdings, Inc. 518,746 2,788,235
S&T Bancorp, Inc. 6,307 251,902
Sandy Spring Bancorp, Inc. 5,894 228,451
Seacoast Banking Corp. of Florida (A) 7,924 209,748
ServisFirst Bancshares, Inc. 8,813 359,747
Seven Bank, Ltd. (B) 139,440 447,329
Shinsei Bank, Ltd. (B) 37,966 588,970
Shore Bancshares, Inc. 2,724 51,375
Sierra Bancorp 2,727 72,647
Signature Bank (A) 23,966 3,401,974
Simmons First National Corp., Class A 15,640 444,958
Skandinaviska Enskilda Banken AB,
       Series A (B) 356,959 3,750,318
SmartFinancial, Inc. (A) 1,783 42,007
Societe Generale SA 180,257 9,789,822
South State Corp. 6,713 572,619
Southern First Bancshares, Inc. (A) 1,378 61,321
Southern National Bancorp of
       Virginia, Inc. 4,583 72,595
Southside Bancshares, Inc. 5,060 175,784
Standard Chartered PLC 773,346 7,750,755
State Bank Financial Corp. 6,990 209,770
Sterling Bancorp 140,402 3,166,065
Stock Yards Bancorp, Inc. 4,304 151,070
Sumitomo Mitsui Financial Group, Inc. 315,658 13,391,563
Sumitomo Mitsui Trust Holdings, Inc. 77,983 3,187,877
Summit Financial Group, Inc. 2,370 59,274
SunTrust Banks, Inc. 125,197 8,518,404
Suruga Bank, Ltd. 40,203 564,213
SVB Financial Group (A) 14,120 3,388,941
Svenska Handelsbanken AB, A Shares 358,784 4,490,838
Swedbank AB, A Shares 212,755 4,780,679
Synovus Financial Corp. 52,982 2,645,921
TCF Financial Corp. 76,323 1,740,928
Texas Capital Bancshares, Inc. (A) 31,586 2,839,581
The Bancorp, Inc. (A) 9,478 102,362
The Bank of East Asia, Ltd. 295,999 1,186,038
The Bank of Kyoto, Ltd. (B) 14,214 805,479
The Bank of NT Butterfield & Son, Ltd. 9,727 436,548
The Chiba Bank, Ltd. 164,764 1,347,100
The Community Financial Corp. 949 35,322
The First Bancshares, Inc. 2,146 69,209
The First of Long Island Corp. 4,599 126,243
The Hachijuni Bank, Ltd. 93,338 507,264
The PNC Financial Services Group, Inc. 126,022 19,059,567
The Royal Bank of Scotland Group
       PLC (A) 839,191 3,052,829
The Shizuoka Bank, Ltd. 120,908 1,162,713

256



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

Shares or
Principal
Amount       Value
COMMON STOCKS (continued)
Banks (continued)
Tompkins Financial Corp. 2,756 $ 208,795
Towne Bank 12,014 343,600
TriCo Bancshares 3,881 144,451
TriState Capital Holdings, Inc. (A) 4,385 101,951
Triumph Bancorp, Inc. (A) 3,316 136,619
Trustmark Corp. 42,963 1,338,727
U.S. Bancorp 419,312 21,175,256
UMB Financial Corp. 28,097 2,033,942
Umpqua Holdings Corp. 140,048 2,998,428
UniCredit SpA 470,540 9,834,815
Union Bankshares Corp. 10,517 386,079
United Bankshares, Inc. 65,819 2,320,120
United Community Banks, Inc. 13,692 433,352
United Overseas Bank, Ltd. 313,439 6,595,447
United Security Bancshares 3,022 32,487
Univest Corp. of Pennsylvania 5,455 151,104
Valley National Bancorp 166,624 2,076,135
Veritex Holdings, Inc. (A) 3,330 92,141
Washington Trust Bancorp, Inc. 2,810 151,038
Webster Financial Corp. 41,121 2,278,103
Wells Fargo & Company 1,173,248 61,489,928
WesBanco, Inc. 7,885 333,536
West Bancorporation, Inc. 3,249 83,174
Westamerica Bancorporation 4,865 282,559
Westpac Banking Corp. 797,516 17,664,529
Wintrust Financial Corp. 35,414 3,047,375
Yamaguchi Financial Group, Inc. (B) 45,554 563,726
Zions Bancorporation 52,154 2,750,080
915,716,217
Capital markets – 2.9%
3i Group PLC 228,616 2,759,362
Affiliated Managers Group, Inc. 14,522 2,753,081
Ameriprise Financial, Inc. 39,070 5,780,016
Amundi SA (C) 14,202 1,140,523
Arlington Asset Investment Corp.,
       Class A (B) 5,373 59,318
Artisan Partners Asset Management, Inc.,
       Class A 8,719 290,343
Associated Capital Group, Inc., Class A 973 36,439
ASX, Ltd. 45,538 1,973,504
B. Riley Financial, Inc. 4,094 79,833
BlackRock, Inc. 33,075 17,917,389
Brightsphere Investment Group PLC 14,298 225,336
Cboe Global Markets, Inc. 30,267 3,453,465
CME Group, Inc. 90,766 14,680,493
Cohen & Steers, Inc. 4,052 164,754
Cowen, Inc. (A)(B) 5,066 66,871
Credit Suisse Group AG (A) 570,381 9,579,560
Daiwa Securities Group, Inc. 379,508 2,442,471
Deutsche Bank AG 485,495 6,772,876
Deutsche Boerse AG 45,337 6,197,716
Diamond Hill Investment Group, Inc. 593 122,490
Donnelley Financial Solutions, Inc. (A) 6,610 113,494
E*TRADE Financial Corp. (A) 71,122 3,940,870
Eaton Vance Corp. 53,603 2,984,079
Evercore, Inc., Class A 26,887 2,344,546
FactSet Research Systems, Inc. 17,421 3,474,096
Federated Investors, Inc., Class B 42,377 1,415,392
Financial Engines, Inc. 11,202 392,070
Franklin Resources, Inc. 87,034 3,018,339
GAIN Capital Holdings, Inc. (B) 6,701 45,232
GAMCO Investors, Inc., Class A 1,226 30,442
Greenhill & Company, Inc. 4,760 88,060
Hamilton Lane, Inc., Class A 2,707 100,782
Hargreaves Lansdown PLC 61,022 1,400,676
Hong Kong Exchanges & Clearing, Ltd. 276,671 9,112,726
Houlihan Lokey, Inc. 4,862 216,845
Interactive Brokers Group, Inc., Class A 31,908 2,145,494
Intercontinental Exchange, Inc. 156,056 11,317,181
INTL. FCStone, Inc. (A) 2,881 122,961
Invesco, Ltd. 108,645 3,477,726
Investec PLC 158,586 1,225,602
Investment Technology Group, Inc. 6,223 122,842
Janus Henderson Group PLC 80,523 2,664,506
Japan Exchange Group, Inc. 122,500 2,293,706
Julius Baer Group, Ltd. (A) 52,574 3,235,480
Kingston Financial Group, Ltd. (B) 942,000 423,741
Ladenburg Thalmann Financial
       Services, Inc. 20,052 65,570
Legg Mason, Inc. 37,742 1,534,212
London Stock Exchange Group PLC 73,445 4,252,667
Longfin Corp. (A)(B) 1,919 33,122
Macquarie Group, Ltd. 75,966 6,057,311
MarketAxess Holdings, Inc. 16,779 3,648,426
Moelis & Company, Class A 5,866 298,286
Moody’s Corp. 44,342 7,152,365
Morgan Stanley 368,867 19,904,063
MSCI, Inc. 40,153 6,001,669
Nasdaq, Inc. 31,294 2,698,169
Natixis SA 221,037 1,813,673
Nomura Holdings, Inc. 852,913 4,973,604
Northern Trust Corp. 56,714 5,848,915
Oppenheimer Holdings, Inc., Class A 1,899 48,899
Partners Group Holding AG 4,079 3,035,284
Piper Jaffray Companies 2,720 225,896
PJT Partners, Inc., Class A 3,344 167,534
Pzena Investment Management, Inc.,
       Class A 3,568 39,712
Raymond James Financial, Inc. 34,944 3,124,343
S&P Global, Inc. 68,012 12,994,373
Safeguard Scientifics, Inc. (A) 4,481 54,892
SBI Holdings, Inc. (B) 47,790 1,122,874
Schroders PLC 29,566 1,326,575
SEI Investments Company 58,277 4,365,530
Singapore Exchange, Ltd. 190,548 1,075,725
St. James’s Place PLC 124,183 1,893,278
State Street Corp. 98,300 9,803,459
Stifel Financial Corp. 44,692 2,647,107
T. Rowe Price Group, Inc. 65,403 7,061,562
The Bank of New York Mellon Corp. 269,954 13,910,730
The Charles Schwab Corp. 320,332 16,727,737
The Goldman Sachs Group, Inc. 94,458 23,790,192
Thomson Reuters Corp. 29,396 1,136,155
UBS Group AG (A) 859,682 15,146,669
Virtu Financial, Inc., Class A 4,770 157,410
Virtus Investment Partners, Inc. 1,323 163,787
Waddell & Reed Financial, Inc., Class A 15,278 308,768
Westwood Holdings Group, Inc. 1,642 92,757
WisdomTree Investments, Inc. (B) 22,223 203,785
317,109,813
Consumer finance – 0.5%
Acom Company, Ltd. (A)(B) 97,710 438,777
AEON Financial Service
       Company, Ltd. (B) 26,953 624,965
American Express Company 192,792 17,983,638
Capital One Financial Corp. 129,998 12,456,408
Credit Saison Company, Ltd. 36,799 615,925
Discover Financial Services 94,853 6,822,776
Encore Capital Group, Inc. (A)(B) 4,635 209,502
Enova International, Inc. (A) 6,460 142,443

257



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

Shares or
Principal
Amount       Value
COMMON STOCKS (continued)
Consumer finance (continued)
EZCORP, Inc., Class A (A) 9,782 $ 129,122
FirstCash, Inc. 8,741 710,206
Green Dot Corp., Class A (A) 8,737 560,566
LendingClub Corp. (A) 62,280 217,980
Navient Corp. 70,538 925,459
Nelnet, Inc., Class A 3,614 189,410
PRA Group, Inc. (A)(B) 8,546 324,748
Regional Management Corp. (A) 2,103 66,960
SLM Corp. (A) 193,550 2,169,696
Synchrony Financial 191,042 6,405,638
World Acceptance Corp. (A) 1,160 122,148
51,116,367
Diversified financial services – 1.2%
AMP, Ltd. 685,906 2,647,033
Berkshire Hathaway, Inc., Class B (A) 514,412 102,614,906
Cannae Holdings, Inc. (A) 11,561 218,040
Challenger, Ltd. 136,258 1,220,302
Eurazeo SA 10,251 943,879
EXOR NV 25,453 1,811,850
First Pacific Company, Ltd. 531,340 288,770
Groupe Bruxelles Lambert SA 18,956 2,168,061
Industrivarden AB, C Shares 39,022 910,074
Investor AB, B Shares 106,967 4,751,850
Kinnevik AB, B Shares 55,027 1,988,028
L E Lundbergforetagen AB, B Shares 8,757 629,524
Leucadia National Corp. 82,843 1,883,021
Marlin Business Services Corp. 1,849 52,419
Mitsubishi UFJ Lease & Finance
       Company, Ltd. 102,696 615,205
NewStar Financial, Inc. 6,344 3,123
On Deck Capital, Inc. (A) 10,496 58,673
ORIX Corp. 311,083 5,574,908
Pargesa Holding SA 9,046 802,640
Standard Life Aberdeen PLC 629,518 3,177,604
Wendel SA 6,492 1,012,311
133,372,221
Insurance – 3.6%
Admiral Group PLC 46,930 1,214,661
Aegon NV 419,366 2,829,385
Aflac, Inc. 208,252 9,113,108
Ageas 44,284 2,285,255
AIA Group, Ltd. 2,836,335 24,246,908
Alleghany Corp. 6,871 4,221,817
Allianz SE 104,753 23,680,163
Ambac Financial Group, Inc. (A) 8,778 137,639
American Equity Investment Life
       Holding Company 16,444 482,796
American Financial Group, Inc. 30,791 3,455,366
American International Group, Inc. 239,746 13,046,977
AMERISAFE, Inc. 3,593 198,513
AmTrust Financial Services, Inc. 16,548 203,706
Aon PLC 65,829 9,237,784
Argo Group International Holdings, Ltd. 6,118 351,165
Arthur J. Gallagher & Company 48,248 3,316,085
Aspen Insurance Holdings, Ltd. 26,551 1,190,812
Assicurazioni Generali SpA 293,407 5,639,934
Assurant, Inc. 14,348 1,311,551
Aviva PLC 942,009 6,574,365
AXA SA 455,576 12,110,578
Baldwin & Lyons, Inc., Class B 2,490 54,780
Baloise Holding AG 11,415 1,746,309
Brighthouse Financial, Inc. (A) 25,981 1,335,423
Brown & Brown, Inc. 102,120 2,597,933
Chubb, Ltd. 124,253 16,994,083
Cincinnati Financial Corp. 39,810 2,956,291
Citizens, Inc. (A)(B) 9,749 71,363
CNO Financial Group, Inc. 105,795 2,292,578
CNP Assurances 40,564 1,024,006
Dai-ichi Life Holdings, Inc. 253,237 4,675,125
Direct Line Insurance Group PLC 322,570 1,727,204
eHealth, Inc. (A) 3,251 46,522
EMC Insurance Group, Inc. 1,903 51,533
Employers Holdings, Inc. 5,992 242,376
Enstar Group, Ltd. (A) 2,089 439,212
Everest Re Group, Ltd. 10,969 2,817,059
FBL Financial Group, Inc., Class A 1,932 133,984
Federated National Holding Company 2,500 39,425
First American Financial Corp. 49,429 2,900,494
Genworth Financial, Inc., Class A (A) 319,155 903,209
Gjensidige Forsikring ASA 46,879 862,210
Global Indemnity, Ltd. 1,760 60,755
Greenlight Capital Re, Ltd., Class A (A) 6,156 98,804
Hannover Rueck SE 14,165 1,932,560
HCI Group, Inc. 1,617 61,705
Health Insurance Innovations, Inc.,
       Class A (A) 2,246 64,909
Heritage Insurance Holdings, Inc. (B) 4,212 63,854
Horace Mann Educators Corp. 7,778 332,510
Independence Holding Company 1,297 46,238
Infinity Property & Casualty Corp. 2,004 237,274
Insurance Australia Group, Ltd. 556,535 3,222,297
Investors Title Company 299 59,770
James River Group Holdings, Ltd. 4,946 175,435
Japan Post Holdings Company, Ltd. 369,900 4,495,178
Kemper Corp. 29,333 1,671,981
Kingstone Companies, Inc. 1,926 32,357
Kinsale Capital Group, Inc. 2,574 132,123
Legal & General Group PLC 1,399,597 5,071,091
Lincoln National Corp. 58,350 4,263,051
Loews Corp. 72,389 3,599,905
Maiden Holdings, Ltd. 14,476 94,094
Mapfre SA 252,889 841,358
Marsh & McLennan Companies, Inc. 135,395 11,182,273
MBIA, Inc. (A)(B) 16,970 157,142
Medibank Pvt., Ltd. 644,996 1,447,710
Mercury General Corp. 16,304 747,864
MetLife, Inc. 277,095 12,715,890
MS&AD Insurance Group Holdings, Inc. 111,451 3,462,057
Muenchener
       Rueckversicherungs-Gesellschaft AG 36,477 8,482,406
National General Holdings Corp. 9,433 229,316
National Western Life Group, Inc.,
       Class A 449 136,891
NI Holdings, Inc. (A) 2,374 39,646
NN Group NV 72,372 3,215,483
Old Mutual PLC 1,158,826 3,899,326
Old Republic International Corp. 111,828 2,398,711
Poste Italiane SpA (C) 122,943 1,123,004
Primerica, Inc. 28,080 2,712,528
Principal Financial Group, Inc. 71,643 4,363,775
Prudential Financial, Inc. 113,085 11,709,952
Prudential PLC 607,468 15,179,820
QBE Insurance Group, Ltd. 317,942 2,372,078
Reinsurance Group of America, Inc. 28,786 4,433,044
RenaissanceRe Holdings, Ltd. 17,867 2,474,758
RLI Corp. 7,280 461,479
RSA Insurance Group PLC 240,470 2,128,992
Safety Insurance Group, Inc. 2,730 209,801
Sampo OYJ, A Shares 105,082 5,854,397

258



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

Shares or
Principal
Amount       Value
COMMON STOCKS (continued)
Insurance (continued)
SCOR SE 40,585 $ 1,656,890
Selective Insurance Group, Inc. 10,823 656,956
Sompo Holdings, Inc. 82,891 3,339,929
Sony Financial Holdings, Inc. (B) 41,416 756,262
State Auto Financial Corp. 3,092 88,338
Stewart Information Services Corp. 3,972 174,530
Suncorp Group, Ltd. 303,807 3,133,300
Swiss Life Holding AG (A) 7,638 2,721,934
Swiss Re AG 73,896 7,542,318
T&D Holdings, Inc. 123,025 1,956,856
The Allstate Corp. 94,741 8,981,447
The Hanover Insurance Group, Inc. 18,973 2,236,727
The Hartford Financial Services
       Group, Inc. 95,150 4,902,128
The Navigators Group, Inc. 3,959 228,236
The Progressive Corp. 155,116 9,451,218
The Travelers Companies, Inc. 72,554 10,074,848
Third Point Reinsurance, Ltd. (A) 17,557 244,920
Tokio Marine Holdings, Inc. 157,985 7,163,490
Torchmark Corp. 28,383 2,388,997
Trupanion, Inc. (A) 4,324 129,244
Tryg A/S 27,967 651,607
UnipolSai Assicurazioni SpA 236,227 561,686
United Fire Group, Inc. 3,970 190,004
United Insurance Holdings Corp. 4,088 78,244
Universal Insurance Holdings, Inc. 5,885 187,732
Unum Group 58,558 2,787,946
W.R. Berkley Corp. 42,865 3,116,286
Willis Towers Watson PLC 35,227 5,361,197
WMIH Corp. (A) 39,485 56,069
XL Group, Ltd. 68,310 3,774,811
Zurich Insurance Group AG (A) 35,555 11,728,256
392,777,685
Mortgage real estate investment trusts – 0.0%
AG Mortgage Investment Trust, Inc. 5,372 93,312
Anworth Mortgage Asset Corp. 17,936 86,093
Apollo Commercial Real Estate
       Finance, Inc. 19,202 345,252
Ares Commercial Real Estate Corp. 5,843 72,161
ARMOUR Residential REIT, Inc. 7,580 176,462
Capstead Mortgage Corp. 17,422 150,700
Cherry Hill Mortgage Investment Corp. 2,562 44,937
CYS Investments, Inc. 29,076 195,391
Dynex Capital, Inc. 11,020 73,063
Ellington Residential Mortgage REIT 2,465 27,016
Granite Point Mortgage Trust, Inc. 8,169 135,115
Great Ajax Corp. 3,709 50,257
Hannon Armstrong Sustainable
       Infrastructure Capital, Inc. 9,657 188,312
Invesco Mortgage Capital, Inc. 20,521 336,134
KKR Real Estate Finance Trust, Inc. (B) 3,004 60,260
Ladder Capital Corp. 14,474 218,268
MTGE Investment Corp. 7,861 140,712
New York Mortgage Trust, Inc. 21,159 125,473
Orchid Island Capital, Inc. 9,884 72,845
Owens Realty Mortgage, Inc. 2,503 36,494
PennyMac Mortgage Investment Trust 10,862 195,842
Redwood Trust, Inc. 14,145 218,823
Resource Capital Corp. 6,812 64,782
Sutherland Asset Management Corp. 3,740 56,661
TPG RE Finance Trust, Inc. 3,952 78,605
Western Asset Mortgage Capital Corp. 8,095 78,441
3,321,411
Thrifts and mortgage finance – 0.1%
BankFinancial Corp. 2,951 50,108
Bear State Financial, Inc. 4,718 48,360
Beneficial Bancorp, Inc. 12,935 201,139
BofI Holding, Inc. (A)(B) 11,100 449,883
BSB Bancorp, Inc. (A) 1,793 54,866
Capitol Federal Financial, Inc. 23,694 292,621
Charter Financial Corp. 2,646 53,952
Clifton Bancorp, Inc. 4,396 68,797
Dime Community Bancshares, Inc. 6,345 116,748
Entegra Financial Corp. (A) 1,530 44,370
ESSA Bancorp, Inc. 2,469 36,220
Essent Group, Ltd. (A) 15,230 648,189
Federal Agricultural Mortgage Corp.,
       Class C 1,680 146,194
First Defiance Financial Corp. 1,831 104,953
Flagstar Bancorp, Inc. (A) 3,839 135,901
Hingham Institution for Savings 254 52,324
Home Bancorp, Inc. 1,354 58,452
HomeStreet, Inc. (A) 5,198 148,923
Kearny Financial Corp. 14,857 193,141
LendingTree, Inc. (A)(B) 4,642 1,523,272
Luther Burbank Corp. 3,120 37,471
Malvern Bancorp, Inc. (A) 1,371 35,646
Merchants Bancorp 1,493 32,100
Meridian Bancorp, Inc. 8,848 178,287
Meta Financial Group, Inc. 1,771 193,393
MGIC Investment Corp. (A) 70,040 910,520
Nationstar Mortgage Holdings, Inc. (A) 5,726 102,839
New York Community Bancorp, Inc. 218,847 2,851,576
NMI Holdings, Inc., Class A (A) 10,766 178,177
Northfield Bancorp, Inc. 8,695 135,729
Northwest Bancshares, Inc. 17,342 287,184
OceanFirst Financial Corp. 7,562 202,284
Ocwen Financial Corp. (A) 21,171 87,225
Oritani Financial Corp. 7,668 117,704
PCSB Financial Corp. (A) 3,843 80,626
PennyMac Financial Services, Inc.,
       Class A (A) 3,087 69,921
PHH Corp. (A) 6,665 69,716
Provident Financial Services, Inc. 11,406 291,880
Radian Group, Inc. 40,966 779,993
Riverview Bancorp, Inc. 4,662 43,543
SI Financial Group, Inc. 2,958 42,595
Southern Missouri Bancorp, Inc. 1,467 53,692
Sterling Bancorp, Inc. 3,760 50,798
Territorial Bancorp, Inc. 1,807 53,596
Timberland Bancorp, Inc. 1,424 43,290
TrustCo Bank Corp. 18,147 153,342
United Community Financial Corp. 9,246 91,166
United Financial Bancorp, Inc. 10,129 164,090
Walker & Dunlop, Inc. 5,277 313,559
Washington Federal, Inc. 54,472 1,884,731
Waterstone Financial, Inc. 4,760 82,348
Western New England Bancorp, Inc. 5,862 62,430
WSFS Financial Corp. 5,700 273,030
  14,382,894
  1,827,796,608
Health care – 11.9%
Biotechnology – 2.0%
AbbVie, Inc. 426,073 40,327,809
Abeona Therapeutics, Inc. (A) 5,429 77,906
Acceleron Pharma, Inc. (A) 7,188 281,051
Achaogen, Inc. (A)(B) 6,695 86,700
Achillion Pharmaceuticals, Inc. (A) 26,699 99,053

259



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Biotechnology (continued)
Acorda Therapeutics, Inc. (A) 8,318 $ 196,721
Adamas Pharmaceuticals, Inc. (A) 3,342 79,874
Aduro Biotech, Inc. (A) 8,968 83,402
Agenus, Inc. (A) 15,076 71,008
Aimmune Therapeutics, Inc. (A) 6,730 214,216
Akebia Therapeutics, Inc. (A) 8,677 82,692
Alder Biopharmaceuticals, Inc. (A) 12,203 154,978
Alexion Pharmaceuticals, Inc. (A) 59,082 6,585,280
AMAG Pharmaceuticals, Inc. (A) 6,810 137,222
Amgen, Inc. 178,653 30,456,763
Amicus Therapeutics, Inc. (A)(B) 35,491 533,785
AnaptysBio, Inc. (A) 3,390 352,831
Apellis Pharmaceuticals, Inc. (A) 2,196 48,554
Ardelyx, Inc. (A) 6,948 35,087
Arena Pharmaceuticals, Inc. (A) 7,516 296,882
ARMO BioSciences, Inc. (A) 1,346 50,354
Array BioPharma, Inc. (A) 37,821 617,239
Atara Biotherapeutics, Inc. (A)(B) 6,281 244,959
Athersys, Inc. (A)(B) 21,537 39,413
Audentes Therapeutics, Inc. (A) 3,874 116,414
Avexis, Inc. (A) 5,331 658,805
Bellicum Pharmaceuticals, Inc. (A)(B) 5,681 37,267
BioCryst Pharmaceuticals, Inc. (A) 19,540 93,206
Biogen, Inc. (A) 56,613 15,501,772
Biohaven Pharmaceutical Holding
       Company, Ltd. (A) 6,105 157,265
BioSpecifics Technologies Corp. (A) 1,268 56,223
BioTime, Inc. (A) 18,293 49,208
Bluebird Bio, Inc. (A) 9,267 1,582,340
Blueprint Medicines Corp. (A) 8,065 739,561
Calithera Biosciences, Inc. (A) 6,522 41,089
Cara Therapeutics, Inc. (A)(B) 5,308 65,713
Catalyst Pharmaceuticals, Inc. (A) 17,222 41,161
Celgene Corp. (A) 201,037 17,934,511
Celldex Therapeutics, Inc. (A) 26,217 61,086
ChemoCentryx, Inc. (A) 5,009 68,122
Chimerix, Inc. (A) 10,383 53,992
Clovis Oncology, Inc. (A) 8,354 441,091
Coherus Biosciences, Inc. (A) 7,835 86,577
Conatus Pharmaceuticals, Inc. (A) 5,602 32,884
Concert Pharmaceuticals, Inc. (A) 3,518 80,562
Corbus Pharmaceuticals
       Holdings, Inc. (A) 10,316 62,928
CSL, Ltd. 106,308 12,807,827
Cue Biopharma, Inc. (A) 2,061 28,957
Cytokinetics, Inc. (A) 8,321 59,911
CytomX Therapeutics, Inc. (A) 5,550 157,898
Deciphera Pharmaceuticals, Inc. (A) 1,745 34,970
Denali Therapeutics, Inc. (A)(B) 3,180 62,614
Dyax Corp. (A)(D) 30,138 94,935
Dynavax Technologies Corp. (A) 11,593 230,121
Eagle Pharmaceuticals, Inc. (A)(B) 1,562 82,302
Edge Therapeutics, Inc. (A) 4,114 4,855
Editas Medicine, Inc. (A)(B) 7,129 236,326
Emergent BioSolutions, Inc. (A) 6,394 336,644
Enanta Pharmaceuticals, Inc. (A) 2,951 238,765
Epizyme, Inc. (A) 9,449 167,720
Esperion Therapeutics, Inc. (A) 3,298 238,544
Exact Sciences Corp. (A) 22,276 898,391
Fate Therapeutics, Inc. (A)(B) 9,402 91,764
FibroGen, Inc. (A) 13,236 611,503
Five Prime Therapeutics, Inc. (A) 6,449 110,794
Flexion Therapeutics, Inc. (A)(B) 6,300 141,183
Fortress Biotech, Inc. (A) 7,372 33,543
Foundation Medicine, Inc. (A) 2,749 216,484
G1 Therapeutics, Inc. (A) 2,652 98,257
Genmab A/S (A) 13,644 2,939,531
Genomic Health, Inc. (A) 3,881 121,436
Geron Corp. (A)(B) 29,019 123,331
Gilead Sciences, Inc. 350,131 26,396,376
Global Blood Therapeutics, Inc. (A) 7,434 359,062
Grifols SA 70,075 1,986,685
Halozyme Therapeutics, Inc. (A) 22,711 444,908
Heron Therapeutics, Inc. (A)(B) 10,402 287,095
Idera Pharmaceuticals, Inc. (A) 28,110 51,722
ImmunoGen, Inc. (A) 19,074 200,658
Immunomedics, Inc. (A) 19,351 282,718
Incyte Corp. (A) 46,726 3,893,678
Inovio Pharmaceuticals, Inc. (A) 16,900 79,599
Insmed, Inc. (A) 14,568 328,071
Insys Therapeutics, Inc. (A)(B) 5,245 31,680
Intellia Therapeutics, Inc. (A) 3,323 70,082
Invitae Corp. (A)(B) 8,881 41,652
Iovance Biotherapeutics, Inc. (A) 14,056 237,546
Ironwood Pharmaceuticals, Inc. (A) 25,806 398,187
Jounce Therapeutics, Inc. (A) 2,871 64,167
KalVista Pharmaceuticals, Inc. (A) 231 2,190
Karyopharm Therapeutics, Inc. (A) 6,908 92,705
Keryx Biopharmaceuticals, Inc. (A) 18,605 76,094
Kindred Biosciences, Inc. (A) 5,435 47,013
Kura Oncology, Inc. (A) 4,218 79,088
La Jolla Pharmaceutical Company (A) 3,507 104,438
Lexicon Pharmaceuticals, Inc. (A) 9,024 77,336
Ligand Pharmaceuticals, Inc. (A) 3,871 639,334
Loxo Oncology, Inc. (A) 4,339 500,590
MacroGenics, Inc. (A) 6,580 165,553
Madrigal Pharmaceuticals, Inc. (A) 899 104,994
MediciNova, Inc. (A)(B) 7,748 79,185
Mersana Therapeutics, Inc. (A) 2,351 37,075
MiMedx Group, Inc. (A)(B) 20,217 140,912
Minerva Neurosciences, Inc. (A) 6,099 38,119
Momenta Pharmaceuticals, Inc. (A) 14,540 263,901
Myriad Genetics, Inc. (A) 12,355 365,090
Natera, Inc. (A) 6,465 59,931
NewLink Genetics Corp. (A) 6,346 46,009
Novavax, Inc. (A)(B) 60,689 127,447
Nymox Pharmaceutical Corp. (A) 7,212 30,507
PDL BioPharma, Inc. (A) 31,193 91,707
Pieris Pharmaceuticals, Inc. (A) 7,604 51,859
Portola Pharmaceuticals, Inc. (A) 10,855 354,524
Progenics Pharmaceuticals, Inc. (A) 14,037 104,716
Protagonist Therapeutics, Inc. (A) 2,253 19,353
Prothena Corp. PLC (A) 7,530 276,426
PTC Therapeutics, Inc. (A) 7,649 206,982
Puma Biotechnology, Inc. (A) 5,549 377,609
Radius Health, Inc. (A)(B) 7,328 263,368
Recro Pharma, Inc. (A) 2,991 32,931
Regeneron Pharmaceuticals, Inc. (A) 20,732 7,139,272
REGENXBIO, Inc. (A) 5,349 159,668
Repligen Corp. (A) 7,239 261,907
Retrophin, Inc. (A) 7,658 171,233
Rhythm Pharmaceuticals, Inc. (A)(B) 1,752 34,865
Rigel Pharmaceuticals, Inc. (A) 28,581 101,177
Sage Therapeutics, Inc. (A) 7,978 1,285,016
Sangamo Therapeutics, Inc. (A) 15,938 302,822
Sarepta Therapeutics, Inc. (A) 11,581 858,036
Seres Therapeutics, Inc. (A)(B) 4,497 33,008
Shire PLC 213,338 10,617,796
Spark Therapeutics, Inc. (A) 5,294 352,527
Spectrum Pharmaceuticals, Inc. (A) 16,560 266,450

260



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Biotechnology (continued)
Stemline Therapeutics, Inc. (A) 5,213 $ 79,759
Strongbridge Biopharma PLC (A) 5,865 51,905
Syndax Pharmaceuticals, Inc. (A) 2,636 37,510
Synergy Pharmaceuticals, Inc. (A)(B) 49,151 89,946
Syros Pharmaceuticals, Inc. (A) 3,231 41,938
TG Therapeutics, Inc. (A)(B) 9,834 139,643
Tocagen, Inc. (A)(B) 3,670 43,490
Ultragenyx Pharmaceutical, Inc. (A) 8,524 434,639
United Therapeutics Corp. (A) 19,304 2,168,997
Vanda Pharmaceuticals, Inc. (A) 8,498 143,191
VBI Vaccines, Inc. (A) 8,352 29,232
Veracyte, Inc. (A) 5,843 32,487
Vertex Pharmaceuticals, Inc. (A) 67,861 11,059,986
Voyager Therapeutics, Inc. (A) 3,310 62,195
Xencor, Inc. (A) 7,329 219,723
ZIOPHARM Oncology, Inc. (A)(B) 25,726 100,846
215,614,298
Health care equipment and supplies – 2.4%
Abaxis, Inc. 4,167 294,274
Abbott Laboratories 465,255 27,878,080
ABIOMED, Inc. (A) 18,779 5,464,501
Accuray, Inc. (A) 16,767 83,835
Align Technology, Inc. (A) 19,248 4,833,750
Analogic Corp. 2,376 227,858
AngioDynamics, Inc. (A) 7,162 123,545
Anika Therapeutics, Inc. (A) 2,799 139,166
Antares Pharma, Inc. (A)(B) 29,490 64,878
AtriCure, Inc. (A) 6,217 127,573
Atrion Corp. 261 164,769
AxoGen, Inc. (A) 5,325 194,363
Baxter International, Inc. 132,794 8,636,922
Becton, Dickinson and Company 71,151 15,418,422
BioMerieux 9,651 794,853
Boston Scientific Corp. (A) 368,536 10,068,404
Cantel Medical Corp. 22,719 2,531,124
Cardiovascular Systems, Inc. (A) 6,355 139,365
Cerus Corp. (A) 24,686 135,279
Cochlear, Ltd. 13,530 1,900,252
Coloplast A/S, B Shares 27,931 2,369,020
CONMED Corp. 5,184 328,303
ConvaTec Group PLC (C) 314,758 878,156
Corindus Vascular Robotics, Inc. (A) 21,707 29,739
CryoLife, Inc. (A) 6,184 123,989
Cutera, Inc. (A) 2,492 125,223
CYBERDYNE, Inc. (A)(B) 22,500 322,678
Danaher Corp. 164,023 16,059,492
DENTSPLY SIRONA, Inc. 61,309 3,084,456
Edwards Lifesciences Corp. (A) 56,011 7,814,655
Endologix, Inc. (A) 17,439 73,767
Essilor International Cie Generale
       d’Optique SA 48,763 6,578,157
Fisher & Paykel Healthcare Corp., Ltd. 135,126 1,294,435
FONAR Corp. (A) 1,344 40,051
GenMark Diagnostics, Inc. (A) 10,499 57,115
Getinge AB, B Shares 52,706 600,196
Glaukos Corp. (A) 5,470 168,640
Globus Medical, Inc., Class A (A) 45,641 2,273,835
Haemonetics Corp. (A) 10,147 742,355
Halyard Health, Inc. (A) 29,782 1,372,355
Heska Corp. (A) 1,256 99,312
Hill-Rom Holdings, Inc. 29,542 2,570,154
Hologic, Inc. (A) 74,635 2,788,364
Hoya Corp. 90,507 4,571,745
ICU Medical, Inc. (A) 9,608 2,425,059
IDEXX Laboratories, Inc. (A) 23,268 4,453,263
Inogen, Inc. (A) 3,255 399,844
Insulet Corp. (A) 11,005 953,913
Integer Holdings Corp. (A) 5,967 337,434
Integra LifeSciences Holdings Corp. (A) 11,996 663,859
Intuitive Surgical, Inc. (A) 30,030 12,397,285
Invacare Corp. 6,342 110,351
iRhythm Technologies, Inc. (A) 2,697 169,776
K2M Group Holdings, Inc. (A) 7,953 150,709
Koninklijke Philips NV 221,076 8,465,437
Lantheus Holdings, Inc. (A) 5,809 92,363
LeMaitre Vascular, Inc. 2,856 103,473
LivaNova PLC (A) 28,564 2,527,914
Masimo Corp. (A) 29,679 2,610,268
Medtronic PLC 362,147 29,051,432
Meridian Bioscience, Inc. 8,139 115,574
Merit Medical Systems, Inc. (A) 9,225 418,354
Natus Medical, Inc. (A) 5,779 194,463
Neogen Corp. (A) 9,510 637,075
Nevro Corp. (A) 5,289 458,398
Novocure, Ltd. (A) 11,078 241,500
NuVasive, Inc. (A) 32,527 1,698,235
NxStage Medical, Inc. (A) 12,381 307,792
Olympus Corp. 68,402 2,615,628
OraSure Technologies, Inc. (A) 10,741 181,415
Orthofix International NV (A) 3,241 190,506
Oxford Immunotec Global PLC (A)(B) 5,111 63,632
Penumbra, Inc. (A) 5,519 638,272
Quidel Corp. (A) 5,368 278,116
Quotient, Ltd. (A) 5,795 27,294
ResMed, Inc. 38,499 3,790,997
Rockwell Medical, Inc. (A)(B) 9,463 49,302
RTI Surgical, Inc. (A) 11,222 51,621
Sientra, Inc. (A)(B) 3,122 30,159
Smith & Nephew PLC 205,754 3,849,038
Sonova Holding AG 12,309 1,956,918
STAAR Surgical Company (A) 7,778 115,114
STERIS PLC 37,879 3,536,383
Straumann Holding AG 2,408 1,519,310
Stryker Corp. 86,233 13,876,614
Surmodics, Inc. (A) 2,551 97,066
Sysmex Corp. 36,779 3,341,810
Tactile Systems Technology, Inc. (A) 2,460 78,228
Teleflex, Inc. 20,111 5,127,903
Terumo Corp. (B) 75,917 3,948,581
The Cooper Companies, Inc. 13,067 2,989,860
Utah Medical Products, Inc. 682 67,416
Varex Imaging Corp. (A) 7,243 259,155
Varian Medical Systems, Inc. (A) 24,283 2,978,310
ViewRay, Inc. (A)(B) 5,798 37,281
West Pharmaceutical Services, Inc. 33,030 2,916,219
William Demant Holding A/S (A) 27,264 1,015,590
Wright Medical Group NV (A) 20,305 402,851
Zimmer Biomet Holdings, Inc. 54,561 5,949,331
264,551,096
Health care providers and services – 1.9%
AAC Holdings, Inc. (A) 2,577 29,584
Acadia Healthcare Company, Inc. (A)(B) 36,516 1,430,697
Aceto Corp. 6,734 51,178
Addus HomeCare Corp. (A) 1,494 72,683
Aetna, Inc. 87,373 14,766,037
Alfresa Holdings Corp. 44,800 1,011,619
Almost Family, Inc. (A) 2,412 135,072
Amedisys, Inc. (A) 5,392 325,353
American Renal Associates
       Holdings, Inc. (A) 2,042 38,492

261



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Health care providers and services (continued)
AmerisourceBergen Corp. 43,708 $ 3,768,067
AMN Healthcare Services, Inc. (A) 8,885 504,224
Anthem, Inc. 68,218 14,987,495
BioScrip, Inc. (A) 22,872 56,265
BioTelemetry, Inc. (A) 6,016 186,797
Capital Senior Living Corp. (A) 4,954 53,256
Cardinal Health, Inc. 83,931 5,260,795
Centene Corp. (A) 46,621 4,982,386
Chemed Corp. 2,946 803,846
Cigna Corp. 64,880 10,882,971
Civitas Solutions, Inc. (A) 3,399 52,345
Community Health Systems, Inc. (A) 19,256 76,254
CorVel Corp. (A) 1,818 91,900
Cross Country Healthcare, Inc. (A) 7,096 78,837
DaVita, Inc. (A) 38,911 2,565,791
Diplomat Pharmacy, Inc. (A) 9,213 185,642
Encompass Health Corp. 62,297 3,561,519
Envision Healthcare Corp. (A) 32,578 1,251,973
Express Scripts Holding Company (A) 151,075 10,436,261
Fresenius Medical Care AG &
       Company KGaA 50,663 5,174,351
Fresenius SE & Company KGaA 97,675 7,468,699
HCA Healthcare, Inc. 74,821 7,257,637
HealthEquity, Inc. (A) 9,561 578,823
Healthscope, Ltd. 411,601 616,707
Henry Schein, Inc. (A) 41,446 2,785,586
Humana, Inc. 36,787 9,889,449
Kindred Healthcare, Inc. (A) 16,266 148,834
Laboratory Corp. of America
       Holdings (A) 27,166 4,394,101
LHC Group, Inc. (A) 2,959 182,156
LifePoint Health, Inc. (A) 17,402 817,894
Magellan Health, Inc. (A) 4,540 486,234
McKesson Corp. 55,153 7,769,403
Mediclinic International PLC (B) 86,318 728,277
Medipal Holdings Corp. 41,141 858,653
MEDNAX, Inc. (A) 41,873 2,329,395
Molina Healthcare, Inc. (A) 29,251 2,374,596
National HealthCare Corp. 2,144 127,847
National Research Corp., Class A 1,827 53,440
Owens & Minor, Inc. 11,659 181,297
Patterson Companies, Inc. 36,407 809,328
PetIQ, Inc. (A) 1,686 44,848
Quest Diagnostics, Inc. 36,386 3,649,516
R1 RCM, Inc. (A) 18,945 135,267
RadNet, Inc. (A) 7,110 102,384
Ramsay Health Care, Ltd. 33,273 1,603,026
Ryman Healthcare, Ltd. 92,616 712,707
Select Medical Holdings Corp. (A) 20,437 352,538
Sonic Healthcare, Ltd. 95,168 1,683,921
Surgery Partners, Inc. (A)(B) 3,847 65,976
Suzuken Company, Ltd. 16,648 700,522
Tenet Healthcare Corp. (A) 51,618 1,251,737
The Ensign Group, Inc. 9,315 244,985
The Providence Service Corp. (A) 2,145 148,305
Tivity Health, Inc. (A) 6,970 276,361
Triple-S Management Corp., Class B (A) 4,398 114,964
UnitedHealth Group, Inc. 258,739 55,370,146
Universal Health Services, Inc., Class B 23,395 2,770,202
US Physical Therapy, Inc. 2,303 187,234
WellCare Health Plans, Inc. (A) 19,879 3,849,171
205,943,856
Health care technology – 0.1%
Allscripts Healthcare Solutions, Inc. (A) 115,313 1,424,116
Castlight Health, Inc., B Shares (A) 13,322 48,625
Cerner Corp. (A) 84,259 4,887,022
Computer Programs & Systems, Inc. 2,368 69,146
Cotiviti Holdings, Inc. (A) 6,935 238,841
Evolent Health, Inc., Class A (A)(B) 11,704 166,782
HealthStream, Inc. 5,014 124,498
HMS Holdings Corp. (A) 16,151 271,983
Inovalon Holdings, Inc., Class A (A) 12,553 133,062
M3, Inc. 49,443 2,271,801
Medidata Solutions, Inc. (A) 37,128 2,332,010
Omnicell, Inc. (A) 7,172 311,265
Quality Systems, Inc. (A) 10,455 142,711
Simulations Plus, Inc. 2,165 31,934
Tabula Rasa HealthCare, Inc. (A) 2,344 90,947
Teladoc, Inc. (A)(B) 11,005 443,502
Vocera Communications, Inc. (A) 5,508 128,997
13,117,242
Life sciences tools and services – 0.6%
Accelerate Diagnostics, Inc. (A) 5,089 116,284
Agilent Technologies, Inc. 85,877 5,745,171
Bio-Rad Laboratories, Inc., Class A (A) 9,024 2,256,722
Bio-Techne Corp. 16,729 2,526,748
Cambrex Corp. (A) 6,197 324,103
Charles River Laboratories
       International, Inc. (A) 21,174 2,260,113
Codexis, Inc. (A) 7,633 83,963
Enzo Biochem, Inc. (A) 8,767 48,043
Eurofins Scientific SE 2,689 1,417,032
Fluidigm Corp. (A) 8,603 50,242
Illumina, Inc. (A) 39,281 9,286,814
IQVIA Holdings, Inc. (A) 38,840 3,810,592
Lonza Group AG (A) 17,499 4,126,948
Luminex Corp. 7,771 163,735
Medpace Holdings, Inc. (A) 1,876 65,491
Mettler-Toledo International, Inc. (A) 6,827 3,925,730
NanoString Technologies, Inc. (A) 4,482 33,660
NeoGenomics, Inc. (A) 11,279 92,037
Pacific Biosciences of
       California, Inc. (A) 23,580 48,339
PerkinElmer, Inc. 29,624 2,243,129
PRA Health Sciences, Inc. (A) 9,386 778,663
QIAGEN NV (A) 51,428 1,662,582
Syneos Health, Inc. (A) 35,509 1,260,570
Thermo Fisher Scientific, Inc. 107,405 22,174,836
Waters Corp. (A) 20,931 4,157,943
68,659,490
Pharmaceuticals – 4.9%
Aclaris Therapeutics, Inc. (A) 4,667 81,766
Aerie Pharmaceuticals, Inc. (A) 6,496 352,408
Akcea Therapeutics, Inc. (A)(B) 2,930 75,037
Akorn, Inc. (A) 41,939 784,679
Allergan PLC 88,289 14,858,156
Amphastar Pharmaceuticals, Inc. (A) 7,045 132,094
ANI Pharmaceuticals, Inc. (A) 1,552 90,357
Aratana Therapeutics, Inc. (A) 9,623 42,437
Assembly Biosciences, Inc. (A) 3,084 151,548
Astellas Pharma, Inc. 486,147 7,436,096
AstraZeneca PLC 297,388 20,442,823
Bayer AG 194,276 21,901,451
Bristol-Myers Squibb Company 436,543 27,611,345
Catalent, Inc. (A) 84,846 3,483,777
Chelsea Therapeutics
       International, Ltd. (A)(D) 19,199 1,538
Chugai Pharmaceutical Company, Ltd. 52,634 2,672,140
Clearside Biomedical, Inc. (A) 4,214 45,216

262



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Collegium Pharmaceutical, Inc. (A) 4,811 $ 122,921
Corcept Therapeutics, Inc. (A)(B) 17,354 285,473
Corium International, Inc. (A)(B) 4,028 46,201
Daiichi Sankyo Company, Ltd. 133,286 4,471,191
Depomed, Inc. (A) 11,511 75,857
Dermira, Inc. (A) 7,738 61,827
Dova Pharmaceuticals, Inc. (A) 1,318 35,744
Durect Corp. (A) 28,713 61,446
Eisai Company, Ltd. (B) 62,668 4,034,976
Eli Lilly & Company 257,635 19,933,220
Endo International PLC (A) 89,737 533,038
Forest Laboratories, Inc. (A)(D) 4,082 0
GlaxoSmithKline PLC 1,155,553 22,442,043
H Lundbeck A/S (B) 16,409 921,635
Hisamitsu Pharmaceutical Company, Inc. 14,684 1,135,121
Horizon Pharma PLC (A) 31,162 442,500
Impax Laboratories, Inc. (A) 14,057 273,409
Innoviva, Inc. (A) 14,373 239,598
Intersect ENT, Inc. (A) 5,025 197,483
Intra-Cellular Therapies, Inc. (A) 8,176 172,105
Ipsen SA 8,820 1,370,942
Johnson & Johnson 717,039 91,888,548
Kala Pharmaceuticals, Inc. (A) 2,944 46,604
Kyowa Hakko Kirin Company, Ltd. 61,759 1,341,254
Lannett Company, Inc. (A)(B) 5,539 88,901
Mallinckrodt PLC (A) 38,550 558,204
Melinta Therapeutics, Inc. (A) 3,245 24,013
Menlo Therapeutics, Inc. (A) 1,371 51,522
Merck & Company, Inc. 720,595 39,250,810
Merck KGaA 30,366 2,913,553
Mitsubishi Tanabe Pharma Corp. 52,434 1,059,340
Mylan NV (A) 137,580 5,664,169
MyoKardia, Inc. (A) 3,745 182,756
Nektar Therapeutics (A) 71,483 7,595,784
Neos Therapeutics, Inc. (A) 5,127 42,554
Novartis AG 522,574 42,266,243
Novo Nordisk A/S, B Shares 438,033 21,545,028
Ocular Therapeutix, Inc. (A) 6,052 39,399
Odonate Therapeutics, Inc. (A) 1,408 29,821
Omeros Corp. (A)(B) 8,816 98,475
Ono Pharmaceutical Company, Ltd. 95,600 3,041,684
Orion OYJ, Class B 24,099 737,731
Otsuka Holdings Company, Ltd. 91,793 4,604,306
Pacira Pharmaceuticals, Inc. (A) 7,651 238,329
Paratek Pharmaceuticals, Inc. (A) 5,322 69,186
Perrigo Company PLC 34,955 2,913,150
Pfizer, Inc. 1,591,554 56,484,251
Phibro Animal Health Corp., Class A 3,801 150,900
Prestige Brands Holdings, Inc. (A) 33,881 1,142,467
Reata Pharmaceuticals, Inc., Class A (A) 2,237 45,881
Recordati SpA 24,282 895,893
Revance Therapeutics, Inc. (A) 5,204 160,283
Roche Holding AG 165,056 37,863,353
Sanofi 266,934 21,418,790
Santen Pharmaceutical Company, Ltd. 85,900 1,438,479
Shionogi & Company, Ltd. (B) 69,611 3,624,889
Sienna Biopharmaceuticals, Inc. (A) 3,125 58,688
Sumitomo Dainippon Pharma
       Company, Ltd. (B) 38,592 644,697
Supernus Pharmaceuticals, Inc. (A) 9,165 419,757
Taisho Pharmaceutical Holdings
       Company, Ltd. 7,216 713,425
Takeda Pharmaceutical Company, Ltd. 167,216 8,153,658
Tetraphase Pharmaceuticals, Inc. (A) 11,211 34,418
Teva Pharmaceutical Industries, Ltd.,
       ADR (B) 214,608 3,667,651
The Medicines Company (A)(B) 13,333 439,189
TherapeuticsMD, Inc. (A)(B) 31,651 154,140
Theravance Biopharma, Inc. (A)(B) 8,272 200,596
UCB SA 29,713 2,419,777
Vifor Pharma AG 11,389 1,756,210
WaVe Life Sciences, Ltd. (A) 2,238 89,744
Zoetis, Inc. 129,975 10,854,212
Zogenix, Inc. (A) 6,491 259,965
536,402,275
1,304,288,257
Industrials – 11.9%
Aerospace and defense – 2.2%
AAR Corp. 6,044 266,601
Aerojet Rocketdyne Holdings, Inc. (A) 13,083 365,932
Aerovironment, Inc. (A) 3,970 180,675
Airbus SE 136,458 15,796,064
Arconic, Inc. 112,805 2,599,027
Astronics Corp. (A) 4,009 149,536
Axon Enterprise, Inc. (A) 9,897 389,051
BAE Systems PLC 748,422 6,123,361
Cobham PLC (A) 571,512 984,836
Cubic Corp. 4,794 304,898
Curtiss-Wright Corp. 28,005 3,782,635
Dassault Aviation SA 589 1,125,233
Ducommun, Inc. (A) 2,161 65,651
Elbit Systems, Ltd. 5,508 663,218
Engility Holdings, Inc. (A) 3,571 87,132
Esterline Technologies Corp. (A) 16,644 1,217,509
General Dynamics Corp. 73,787 16,299,548
Harris Corp. 31,799 5,128,543
Huntington Ingalls Industries, Inc. 12,117 3,123,278
KLX, Inc. (A) 31,996 2,273,636
Kratos Defense & Security
       Solutions, Inc. (A) 16,212 166,821
L3 Technologies, Inc. 20,823 4,331,184
Leonardo SpA 96,114 1,111,571
Lockheed Martin Corp. 66,333 22,415,911
Meggitt PLC 182,536 1,107,360
Mercury Systems, Inc. (A) 8,852 427,729
Moog, Inc., Class A (A) 6,011 495,367
MTU Aero Engines AG 12,225 2,060,372
National Presto Industries, Inc. 928 87,000
Northrop Grumman Corp. 46,608 16,271,785
Orbital ATK, Inc. 25,803 3,421,736
Raytheon Company 77,103 16,640,369
Rockwell Collins, Inc. 43,896 5,919,376
Rolls-Royce Holdings PLC (A) 389,237 4,758,858
Safran SA 78,377 8,318,123
Singapore Technologies
       Engineering, Ltd. 362,952 998,449
Sparton Corp. (A) 2,038 35,482
Teledyne Technologies, Inc. (A) 15,936 2,982,741
Textron, Inc. 70,280 4,144,412
Thales SA 24,874 3,030,234
The Boeing Company 147,880 48,486,894
The KeyW Holding Corp. (A)(B) 9,716 76,368
TransDigm Group, Inc. 12,888 3,955,843
Triumph Group, Inc. 9,306 234,511
United Technologies Corp. 198,883 25,023,459
Vectrus, Inc. (A) 2,161 80,476
Wesco Aircraft Holdings, Inc. (A) 11,015 112,904
237,621,699

263



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Air freight and logistics – 0.5%
Air Transport Services Group, Inc. (A) 11,188 $ 260,904
Atlas Air Worldwide Holdings, Inc. (A) 4,434 268,035
Bollore SA 208,357 1,111,457
C.H. Robinson Worldwide, Inc. 37,659 3,529,025
Deutsche Post AG 228,087 9,990,046
Echo Global Logistics, Inc. (A) 5,141 141,892
Expeditors International of
       Washington, Inc. 47,004 2,975,353
FedEx Corp. 65,801 15,799,478
Forward Air Corp. 5,604 296,227
Hub Group, Inc., Class A (A) 6,319 264,450
Radiant Logistics, Inc. (A) 8,409 32,543
Royal Mail PLC 211,650 1,606,377
United Parcel Service, Inc., Class B 183,991 19,256,498
Yamato Holdings Company, Ltd. (B) 82,093 2,063,502
57,595,787
Airlines – 0.4%
Alaska Air Group, Inc. 33,323 2,064,693
Allegiant Travel Company 2,378 410,324
American Airlines Group, Inc. 112,464 5,843,629
ANA Holdings, Inc. (B) 27,549 1,067,528
Delta Air Lines, Inc. 173,722 9,521,703
Deutsche Lufthansa AG 55,125 1,762,208
easyJet PLC 36,901 831,819
Hawaiian Holdings, Inc. 9,608 371,830
International Consolidated Airlines
       Group SA 145,579 1,260,402
Japan Airlines Company, Ltd. 27,040 1,100,964
JetBlue Airways Corp. (A) 143,687 2,919,720
Ryanair Holdings PLC, ADR (A) 6,255 768,427
Singapore Airlines, Ltd. 127,627 1,060,535
SkyWest, Inc. 9,591 521,750
Southwest Airlines Company 144,473 8,275,413
United Continental Holdings, Inc. (A) 64,607 4,488,248
42,269,193
Building products – 0.5%
AAON, Inc. 7,828 305,292
Advanced Drainage Systems, Inc. 6,871 177,959
Allegion PLC 25,371 2,163,893
American Woodmark Corp. (A) 2,635 259,416
AO Smith Corp. 39,491 2,511,233
Apogee Enterprises, Inc. 5,379 233,180
Armstrong Flooring, Inc. (A) 4,716 63,996
Asahi Glass Company, Ltd. 46,976 1,968,635
Assa Abloy AB, B Shares 235,448 5,103,438
Builders FirstSource, Inc. (A) 20,934 415,331
Caesarstone, Ltd. 4,518 88,779
Cie de Saint-Gobain 117,383 6,198,409
Continental Building Products, Inc. (A) 7,137 203,761
CSW Industrials, Inc. (A) 2,801 126,185
Daikin Industries, Ltd. 58,497 6,498,614
Fortune Brands Home & Security, Inc. 41,151 2,423,382
Geberit AG 8,706 3,849,987
Gibraltar Industries, Inc. (A) 6,065 205,300
Griffon Corp. 5,756 105,047
Insteel Industries, Inc. 3,615 99,882
JELD-WEN Holding, Inc. (A) 12,797 391,844
Johnson Controls International PLC 246,880 8,700,051
Lennox International, Inc. 16,784 3,430,146
LIXIL Group Corp. 62,450 1,385,309
Masco Corp. 83,939 3,394,493
Masonite International Corp. (A) 5,392 330,799
NCI Building Systems, Inc. (A) 8,195 145,052
Patrick Industries, Inc. (A) 4,602 284,634
PGT Innovations, Inc. (A) 9,142 170,498
Ply Gem Holdings, Inc. (A) 4,222 91,195
Quanex Building Products Corp. 6,874 119,608
Simpson Manufacturing Company, Inc. 7,705 443,731
TOTO, Ltd. 33,300 1,745,944
Trex Company, Inc. (A) 5,582 607,154
Universal Forest Products, Inc. 11,402 369,995
54,612,172
Commercial services and supplies – 0.6%
ABM Industries, Inc. 10,599 354,855
ACCO Brands Corp. 20,067 251,841
Advanced Disposal Services, Inc. (A) 9,552 212,819
Babcock International Group PLC 59,378 557,359
Brady Corp., Class A 8,730 324,320
Brambles, Ltd. 373,548 2,882,990
Casella Waste Systems, Inc., Class A (A) 7,353 171,913
CECO Environmental Corp. 6,844 30,456
Cimpress NV (A) 4,628 715,952
Cintas Corp. 22,971 3,918,393
Clean Harbors, Inc. (A) 22,957 1,120,531
Copart, Inc. (A) 90,105 4,589,048
Covanta Holding Corp. 22,113 320,639
Dai Nippon Printing Company, Ltd. 60,273 1,252,528
Deluxe Corp. 30,414 2,250,940
Edenred 52,969 1,842,397
Ennis, Inc. 4,940 97,318
Essendant, Inc. 8,305 64,779
G4S PLC 369,111 1,284,657
Healthcare Services Group, Inc. 46,348 2,015,211
Heritage-Crystal Clean, Inc. (A) 2,947 69,402
Herman Miller, Inc. 37,890 1,210,586
HNI Corp. 27,561 994,676
Hudson Technologies, Inc. (A) 8,175 40,385
InnerWorkings, Inc. (A) 9,356 84,672
Interface, Inc. 11,365 286,398
ISS A/S 38,981 1,447,733
Kimball International, Inc., Class B 7,115 121,240
Knoll, Inc. 9,233 186,414
LSC Communications, Inc. 6,827 119,131
Matthews International Corp., Class A 5,982 302,689
McGrath RentCorp 4,414 236,988
Mobile Mini, Inc. 8,381 364,574
MSA Safety, Inc. 21,496 1,789,327
Multi-Color Corp. 2,633 173,910
Park24 Company, Ltd. (B) 25,300 690,372
Pitney Bowes, Inc. 83,385 908,063
Quad/Graphics, Inc. 6,028 152,810
Republic Services, Inc. 60,534 4,009,167
Rollins, Inc. 42,862 2,187,248
RR Donnelley & Sons Company 14,167 123,678
Secom Company, Ltd. 49,355 3,676,216
Securitas AB, B Shares (B) 74,252 1,264,254
Societe BIC SA 6,787 674,666
Sohgo Security Services Company, Ltd. 17,000 835,439
SP Plus Corp. (A) 3,307 117,729
Steelcase, Inc., Class A 16,053 218,321
Stericycle, Inc. (A) 23,132 1,353,916
Team, Inc. (A) 5,954 81,868
Tetra Tech, Inc. 10,530 515,444
The Brink’s Company 31,246 2,229,402
Toppan Printing Company, Ltd. 124,525 1,023,590
UniFirst Corp. 2,869 463,774
US Ecology, Inc. 4,174 222,474
Viad Corp. 3,779 198,209
VSE Corp. 1,697 87,769

264



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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)
Waste Management, Inc. 106,486 $ 8,957,602
61,679,082
Construction and engineering – 0.5%
ACS Actividades de Construccion y
       Servicios SA 56,229 2,193,803
AECOM (A) 71,058 2,531,797
Aegion Corp. (A) 6,317 144,722
Ameresco, Inc., Class A (A) 4,047 52,611
Argan, Inc. 2,817 120,990
Boskalis Westminster 21,065 617,420
Bouygues SA 50,395 2,526,714
Chicago Bridge & Iron Company NV 19,179 276,178
CIMIC Group, Ltd. 22,622 778,594
Comfort Systems USA, Inc. 6,953 286,811
Dycom Industries, Inc. (A) 19,580 2,107,395
Eiffage SA 17,278 1,967,812
EMCOR Group, Inc. 37,079 2,889,566
Ferrovial SA 113,824 2,379,799
Fluor Corp. 37,282 2,133,276
Granite Construction, Inc. 25,299 1,413,202
Great Lakes Dredge & Dock Corp. (A) 11,769 54,137
HC2 Holdings, Inc. (A) 8,412 44,247
HOCHTIEF AG 4,501 841,366
Jacobs Engineering Group, Inc. 32,052 1,895,876
JGC Corp. (B) 49,306 1,073,518
Kajima Corp. 209,770 1,972,124
KBR, Inc. 89,313 1,445,977
Layne Christensen Company (A) 3,752 55,980
MasTec, Inc. (A) 12,549 590,430
MYR Group, Inc. (A) 3,154 97,206
Northwest Pipe Company (A) 2,164 37,437
NV5 Global, Inc. (A) 1,600 89,200
Obayashi Corp. 152,715 1,682,287
Orion Group Holdings, Inc. (A) 6,590 43,428
Primoris Services Corp. 7,431 185,626
Quanta Services, Inc. (A) 40,409 1,388,049
Shimizu Corp. 128,229 1,143,898
Skanska AB, B Shares 79,773 1,635,572
Sterling Construction Company, Inc. (A) 5,225 59,879
Taisei Corp. 47,373 2,429,746
Tutor Perini Corp. (A) 7,272 160,348
Valmont Industries, Inc. 10,131 1,482,165
Vinci SA 119,118 11,732,528
52,561,714
Electrical equipment – 0.9%
ABB, Ltd. 433,018 10,296,384
Acuity Brands, Inc. (B) 11,220 1,561,712
Allied Motion Technologies, Inc. 1,364 54,219
AMETEK, Inc. 61,689 4,686,513
Atkore International Group, Inc. (A) 6,415 127,338
AZZ, Inc. 4,964 216,927
Babcock & Wilcox Enterprises, Inc. (A) 9,326 40,755
Eaton Corp. PLC 117,550 9,393,421
Emerson Electric Company 169,811 11,598,091
Encore Wire Corp. 3,890 220,563
Energous Corp. (A)(B) 3,646 58,445
EnerSys 26,668 1,849,959
Fuji Electric Company, Ltd. 131,202 903,941
Generac Holdings, Inc. (A) 11,489 527,460
General Cable Corp. 9,446 279,602
Hubbell, Inc. 24,421 2,973,989
Legrand SA 62,504 4,904,102
LSI Industries, Inc. 5,768 46,778
Mabuchi Motor Company, Ltd. 11,600 577,076
Mitsubishi Electric Corp. 453,997 7,368,620
Nidec Corp. 55,993 8,617,805
OSRAM Licht AG 23,371 1,719,806
Plug Power, Inc. (A)(B) 44,113 83,374
Powell Industries, Inc. 1,867 50,110
Preformed Line Products Company 657 42,764
Prysmian SpA 48,254 1,515,279
Regal Beloit Corp. 19,786 1,451,303
Rockwell Automation, Inc. 34,292 5,973,666
Schneider Electric SE 133,160 11,726,250
Siemens Gamesa Renewable Energy
       SA (B) 56,234 903,846
Sunrun, Inc. (A) 16,364 146,131
Thermon Group Holdings, Inc. (A) 6,156 137,956
TPI Composites, Inc. (A) 2,034 45,663
Vestas Wind Systems A/S 50,633 3,622,888
Vicor Corp. (A) 3,282 93,701
93,816,437
Industrial conglomerates – 1.4%
3M Company 159,188 34,944,950
Carlisle Companies, Inc. 27,584 2,880,045
CK Hutchison Holdings, Ltd. 634,238 7,620,535
DCC PLC 20,958 1,931,011
General Electric Company 2,320,827 31,284,748
Honeywell International, Inc. 201,035 29,051,568
Hopewell Holdings, Ltd. 615 2,357
Jardine Matheson Holdings, Ltd. 51,000 3,142,941
Jardine Strategic Holdings, Ltd. 52,100 2,002,915
Keihan Holdings Company, Ltd. 22,200 688,753
Keppel Corp., Ltd. 341,045 2,039,182
NWS Holdings, Ltd. 363,599 662,279
Raven Industries, Inc. 6,856 240,303
Roper Technologies, Inc. 27,539 7,729,922
Seibu Holdings, Inc. 52,100 913,442
Sembcorp Industries, Ltd. 235,122 562,288
Siemens AG 179,719 22,931,655
Smiths Group PLC 93,006 1,978,362
Toshiba Corp. (A) 1,532,280 4,469,247
155,076,503
Machinery – 2.3%
Actuant Corp., Class A 11,339 263,632
AGCO Corp. 29,476 1,911,519
Alamo Group, Inc. 1,767 194,193
Albany International Corp., Class A 5,421 339,897
Alfa Laval AB 68,985 1,634,810
Alstom SA 36,765 1,658,191
Altra Industrial Motion Corp. 5,402 248,222
Amada Holdings Company, Ltd. 80,052 973,069
American Railcar Industries, Inc. (B) 1,511 56,527
ANDRITZ AG 16,912 945,684
Astec Industries, Inc. 4,054 223,700
Atlas Copco AB, A Shares 157,779 6,852,621
Atlas Copco AB, B Shares 91,654 3,578,688
Barnes Group, Inc. 9,449 565,901
Blue Bird Corp. (A) 2,376 56,311
Briggs & Stratton Corp. 7,768 166,313
Caterpillar, Inc. 159,797 23,550,882
Chart Industries, Inc. (A) 5,810 342,964
CIRCOR International, Inc. 3,231 137,834
CNH Industrial NV 240,272 2,969,046
Columbus McKinnon Corp. 4,268 152,965
Commercial Vehicle Group, Inc. (A) 4,830 37,433
Crane Company 22,633 2,098,984
Cummins, Inc. 41,628 6,747,483

265



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Machinery (continued)
Daifuku Company, Ltd. 23,200 $ 1,375,469
Deere & Company 86,595 13,449,935
DMC Global, Inc. 2,832 75,756
Donaldson Company, Inc. 57,994 2,612,630
Douglas Dynamics, Inc. 4,201 182,113
Dover Corp. 41,561 4,082,121
Energy Recovery, Inc. (A)(B) 7,112 58,461
EnPro Industries, Inc. 3,989 308,669
ESCO Technologies, Inc. 4,823 282,387
Evoqua Water Technologies Corp. (A) 9,445 201,084
FANUC Corp. 45,518 11,714,197
Federal Signal Corp. 11,050 243,321
Flowserve Corp. 35,036 1,518,110
Fortive Corp. 81,611 6,326,485
Franklin Electric Company, Inc. 8,801 358,641
FreightCar America, Inc. 2,841 38,069
GEA Group AG 42,976 1,827,628
Gencor Industries, Inc. (A) 2,033 32,731
Global Brass & Copper Holdings, Inc. 4,246 142,029
Graco, Inc. 75,644 3,458,444
Graham Corp. 2,175 46,589
Hardinge, Inc. 2,519 46,148
Harsco Corp. (A) 15,347 316,916
Hillenbrand, Inc. 11,873 544,971
Hino Motors, Ltd. 59,642 775,611
Hitachi Construction Machinery
       Company, Ltd. 25,652 995,731
Hoshizaki Corp. 12,700 1,132,218
Hurco Companies, Inc. 1,308 60,037
Hyster-Yale Materials Handling, Inc. 1,962 137,203
IDEX Corp. 34,168 4,869,282
IHI Corp. 36,376 1,134,893
Illinois Tool Works, Inc. 82,253 12,885,755
IMI PLC 63,304 960,266
Ingersoll-Rand PLC 66,685 5,702,234
ITT, Inc. 39,286 1,924,228
John Bean Technologies Corp. 5,905 669,627
JTEKT Corp. 52,893 779,366
Kadant, Inc. 2,016 190,512
Kawasaki Heavy Industries, Ltd. 35,320 1,139,762
Kennametal, Inc. 51,726 2,077,316
KION Group AG 16,493 1,539,797
Komatsu, Ltd. 216,976 7,268,467
Kone OYJ, Class B 79,507 3,968,022
Kubota Corp. 247,852 4,369,038
Kurita Water Industries, Ltd. 22,827 736,922
LB Foster Company, Class A (A) 1,769 41,660
Lincoln Electric Holdings, Inc. 27,548 2,477,943
Lindsay Corp. 1,943 177,668
Lydall, Inc. (A) 3,171 153,001
Makita Corp. 52,652 2,608,071
MAN SE 8,326 970,890
Meritor, Inc. (A) 15,789 324,622
Metso OYJ 26,620 839,874
Milacron Holdings Corp. (A) 12,699 255,758
Miller Industries, Inc. 2,334 58,350
MINEBEA MITSUMI, Inc. 90,300 1,941,604
Mitsubishi Heavy Industries, Ltd. (B) 75,263 2,902,066
Mueller Industries, Inc. 10,973 287,054
Mueller Water Products, Inc., Class A 29,190 317,295
Nabtesco Corp. 26,089 1,016,124
Navistar International Corp. (A) 9,451 330,501
NGK Insulators, Ltd. 61,961 1,073,286
NN, Inc. 5,249 125,976
Nordson Corp. 22,775 3,105,144
NSK, Ltd. 91,498 1,230,945
Omega Flex, Inc. 582 37,888
Oshkosh Corp. 33,324 2,574,945
PACCAR, Inc. 93,783 6,205,621
Parker-Hannifin Corp. 35,549 6,079,945
Park-Ohio Holdings Corp. 1,839 71,445
Pentair PLC 44,016 2,998,810
Proto Labs, Inc. (A) 4,652 546,843
RBC Bearings, Inc. (A) 4,408 547,474
REV Group, Inc. 5,792 120,242
Rexnord Corp. (A) 19,620 582,322
Sandvik AB 265,263 4,859,942
Schindler Holding AG 4,810 1,007,711
Schindler Holding AG,
       Participation Certificates 9,506 2,051,086
SKF AB, B Shares (B) 88,782 1,818,882
SMC Corp. 13,447 5,470,227
Snap-on, Inc. 15,245 2,249,247
Spartan Motors, Inc. 6,482 111,490
SPX Corp. (A) 7,935 257,729
SPX FLOW, Inc. (A) 7,803 383,830
Standex International Corp. 2,363 225,312
Stanley Black & Decker, Inc. 40,933 6,270,936
Sumitomo Heavy Industries, Ltd. 27,425 1,047,837
Sun Hydraulics Corp. 5,236 280,440
Tennant Company 3,357 227,269
Terex Corp. 34,353 1,285,146
The Eastern Company 1,248 35,568
The Gorman-Rupp Company 3,493 102,170
The Greenbrier Companies, Inc. 5,147 258,637
The Manitowoc Company, Inc. (A) 6,175 175,741
The Timken Company 30,597 1,395,223
The Toro Company 47,854 2,988,482
The Weir Group PLC 52,208 1,463,475
THK Company, Ltd. 28,652 1,191,919
Titan International, Inc. 9,836 124,032
TriMas Corp. (A) 8,696 228,270
Trinity Industries, Inc. 67,332 2,197,043
Twin Disc, Inc. (A) 1,702 37,001
Volvo AB, B Shares 366,187 6,702,823
Wabash National Corp. 10,999 228,889
Wabtec Corp. (B) 38,179 3,107,771
Wartsila OYJ ABP 104,376 2,306,221
Watts Water Technologies, Inc., Class A 5,200 404,040
Woodward, Inc. 34,682 2,485,312
Xylem, Inc. 47,928 3,686,622
Yangzijiang Shipbuilding Holdings, Ltd. 559,515 521,122
255,456,872
Marine – 0.1%
A.P. Moller - Maersk A/S, Series A 888 1,308,232
A.P. Moller - Maersk A/S, Series B 1,533 2,392,367
Costamare, Inc. (B) 10,272 64,097
Eagle Bulk Shipping, Inc. (A) 7,957 39,387
Kirby Corp. (A) 23,986 1,845,723
Kuehne + Nagel International AG 12,693 1,999,211
Matson, Inc. 8,108 232,213
Mitsui OSK Lines, Ltd. 26,904 764,012
Nippon Yusen KK 37,725 740,690
Safe Bulkers, Inc. (A) 9,353 29,649
Scorpio Bulkers, Inc. 12,108 85,361
9,500,942
Professional services – 0.6%
Acacia Research Corp. (A) 10,750 37,625
Adecco Group AG 38,210 2,721,698

266



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Professional services (continued)
ASGN, Inc. (A) 9,458 $ 774,421
Barrett Business Services, Inc. 1,359 112,634
Bureau Veritas SA 62,311 1,619,715
Capita PLC 162,071 327,830
CBIZ, Inc. (A) 9,622 175,602
CRA International, Inc. 1,515 79,219
Equifax, Inc. 31,906 3,758,846
Experian PLC 216,997 4,692,925
Exponent, Inc. 4,822 379,250
Forrester Research, Inc. 1,938 80,330
Franklin Covey Company (A) 1,988 53,477
FTI Consulting, Inc. (A) 7,153 346,277
GP Strategies Corp. (A) 2,546 57,667
Heidrick & Struggles International, Inc. 3,647 113,969
Hill International, Inc. (A) 7,163 40,829
Huron Consulting Group, Inc. (A) 4,281 163,106
ICF International, Inc. 3,386 197,912
IHS Markit, Ltd. (A) 96,922 4,675,517
Insperity, Inc. 6,844 476,000
Intertek Group PLC 37,935 2,483,155
Kelly Services, Inc., Class A 5,721 166,138
Kforce, Inc. 4,419 119,534
Korn/Ferry International 9,958 513,733
ManpowerGroup, Inc. 29,536 3,399,594
Mistras Group, Inc. (A) 3,653 69,188
Navigant Consulting, Inc. (A) 8,926 171,736
Nielsen Holdings PLC 89,324 2,839,610
Persol Holdings Company, Ltd. 41,700 1,211,665
Randstad Holding NV 27,979 1,842,696
Recruit Holdings Company, Ltd. 259,000 6,491,478
RELX NV 226,950 4,704,421
RELX PLC 249,078 5,116,519
Resources Connection, Inc. 6,098 98,788
Robert Half International, Inc. 33,465 1,937,289
RPX Corp. 9,287 99,278
SEEK, Ltd. 77,337 1,115,461
SGS SA 1,256 3,089,669
Teleperformance 13,567 2,103,925
The Dun & Bradstreet Corp. 16,516 1,932,372
TriNet Group, Inc. (A) 7,843 363,288
TrueBlue, Inc. (A) 7,753 200,803
Verisk Analytics, Inc. (A) 41,478 4,313,712
WageWorks, Inc. (A) 7,605 343,746
Willdan Group, Inc. (A) 1,645 46,636
Wolters Kluwer NV 68,092 3,621,462
69,280,745
Road and rail – 1.0%
ArcBest Corp. 4,921 157,718
Aurizon Holdings, Ltd. 472,331 1,549,573
Avis Budget Group, Inc. (A) 45,532 2,132,719
Central Japan Railway Company 33,876 6,464,980
ComfortDelGro Corp., Ltd. 516,818 811,303
Covenant Transportation Group, Inc.,
       Class A (A) 2,295 68,460
CSX Corp. 237,260 13,217,755
Daseke, Inc. (A) 6,504 63,674
DSV A/S 44,670 3,526,622
East Japan Railway Company 77,040 7,202,765
Genesee & Wyoming, Inc., Class A (A) 27,656 1,957,768
Hankyu Hanshin Holdings, Inc. 56,800 2,127,387
Heartland Express, Inc. 9,122 164,105
Hertz Global Holdings, Inc. (A) 10,464 207,710
J.B. Hunt Transport Services, Inc. 23,217 2,719,872
Kansas City Southern 27,409 3,010,879
Keikyu Corp. (B) 55,079 968,112
Keio Corp. (B) 27,215 1,172,975
Keisei Electric Railway Company, Ltd. 32,294 994,048
Kintetsu Group Holdings
       Company, Ltd. (B) 42,474 1,668,867
Knight-Swift Transportation
       Holdings, Inc. 80,736 3,714,663
Kyushu Railway Company 37,700 1,176,117
Landstar System, Inc. 18,746 2,055,499
Marten Transport, Ltd. 7,344 167,443
MTR Corp., Ltd. 352,315 1,901,850
Nagoya Railroad Company, Ltd. (B) 43,699 1,115,071
Nippon Express Company, Ltd. 18,946 1,253,542
Norfolk Southern Corp. 75,906 10,306,517
Odakyu Electric Railway Company, Ltd. 68,779 1,401,133
Old Dominion Freight Line, Inc. 30,523 4,485,965
Ryder System, Inc. 23,651 1,721,556
Saia, Inc. (A) 4,761 357,789
Schneider National, Inc., Class B (B) 7,874 205,196
Tobu Railway Company, Ltd. 45,973 1,404,677
Tokyu Corp. 124,808 1,965,384
Union Pacific Corp. 210,461 28,292,272
Universal Logistics Holdings, Inc. 1,773 37,499
Werner Enterprises, Inc. 29,003 1,058,610
West Japan Railway Company 38,725 2,745,477
YRC Worldwide, Inc. (A) 6,461 57,051
115,610,603
Trading companies and distributors – 0.7%
AerCap Holdings NV (A) 31,481 1,596,716
Aircastle, Ltd. 9,059 179,912
Applied Industrial Technologies, Inc. 7,239 527,723
Ashtead Group PLC 117,314 3,198,771
Beacon Roofing Supply, Inc. (A) 12,908 685,028
BMC Stock Holdings, Inc. (A) 12,468 243,749
Brenntag AG 36,304 2,161,254
Bunzl PLC 78,957 2,321,838
CAI International, Inc. (A) 3,221 68,478
DXP Enterprises, Inc. (A) 3,114 121,290
EnviroStar, Inc. 731 28,692
Fastenal Company 76,672 4,185,524
Ferguson PLC 58,740 4,417,828
Foundation Building Materials, Inc. (A) 3,193 47,608
GATX Corp. 24,110 1,651,294
GMS, Inc. (A) 6,142 187,700
H&E Equipment Services, Inc. 5,990 230,555
Herc Holdings, Inc. (A) 4,616 299,809
ITOCHU Corp. (B) 351,704 6,867,782
Kaman Corp. 5,106 317,185
Lawson Products, Inc. (A) 1,518 38,330
Marubeni Corp. 388,059 2,833,813
MISUMI Group, Inc. 66,200 1,833,451
Mitsubishi Corp. 354,906 9,553,735
Mitsui & Company, Ltd. 401,003 6,900,400
MRC Global, Inc. (A) 17,139 281,765
MSC Industrial Direct Company, Inc.,
       Class A 20,114 1,844,655
Nexeo Solutions, Inc. (A) 5,225 55,908
NOW, Inc. (A) 68,637 701,470
Rexel SA 71,256 1,207,057
Rush Enterprises, Inc., Class A (A) 5,490 233,270
Rush Enterprises, Inc., Class B (A) 1,323 53,423
SiteOne Landscape Supply, Inc. (A) 6,387 492,054
Sojitz Corp. 1,051 3,352
Sumitomo Corp. 279,238 4,677,943
Textainer Group Holdings, Ltd. (A) 5,187 87,920
Titan Machinery, Inc. (A) 3,714 87,502

267



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Trading companies and distributors (continued)
Toyota Tsusho Corp. 49,882 $ 1,685,737
Travis Perkins PLC 59,074 1,024,229
Triton International, Ltd. 8,956 274,054
United Rentals, Inc. (A) 22,545 3,894,198
Veritiv Corp. (A) 2,371 92,943
W.W. Grainger, Inc. 13,617 3,843,671
Watsco, Inc. 14,288

2,585,699

73,625,315
Transportation infrastructure – 0.2%
Abertis Infraestructuras SA 162,936 3,652,686
Aena SME SA (C) 15,860 3,198,064
Aeroports de Paris 6,978 1,520,239
Atlantia SpA 106,640 3,304,384
Auckland International Airport, Ltd. 228,713 1,014,892
Fraport AG Frankfurt Airport
       Services Worldwide 9,773 964,518
Getlink SE 109,011 1,556,222
Hutchison Port Holdings Trust 1,246,736 369,349
Japan Airport Terminal Company, Ltd. 10,600 411,556
Kamigumi Company, Ltd. 26,506 594,181
SATS, Ltd. 161,200 633,465
Sydney Airport 256,506 1,329,925
Transurban Group 522,132 4,604,476
23,153,957
1,301,861,021
Information technology – 17.6%
Communications equipment – 0.8%
Acacia Communications, Inc. (A) 3,607 138,725
ADTRAN, Inc. 9,346 145,330
Aerohive Networks, Inc. (A) 7,221 29,173
Applied Optoelectronics, Inc. (A)(B) 3,612 90,517
ARRIS International PLC (A) 77,735 2,065,419
CalAmp Corp. (A) 6,704 153,388
Calix, Inc. (A) 8,801 60,287
Casa Systems, Inc. (A) 1,413 41,457
Ciena Corp. (A) 91,619 2,372,932
Cisco Systems, Inc. 1,287,705 55,229,667
Clearfield, Inc. (A)(B) 2,872 37,049
Comtech Telecommunications Corp. 4,449 132,981
Digi International, Inc. (A) 5,764 59,369
EMCORE Corp. (A) 5,706 32,524
Extreme Networks, Inc. (A) 21,751 240,784
F5 Networks, Inc. (A) 16,572 2,396,477
Finisar Corp. (A)(B) 21,747 343,820
Harmonic, Inc. (A) 16,555 62,909
Infinera Corp. (A) 28,236 306,643
InterDigital, Inc. 22,040 1,622,144
Juniper Networks, Inc. 92,052 2,239,625
KVH Industries, Inc. (A) 3,498 36,204
Lumentum Holdings, Inc. (A) 11,686 745,567
Motorola Solutions, Inc. 43,227 4,551,803
NETGEAR, Inc. (A) 5,962 341,026
NetScout Systems, Inc. (A) 55,087 1,451,542
Nokia OYJ 1,371,144 7,571,614
Oclaro, Inc. (A) 31,820 304,199
Plantronics, Inc. 21,027 1,269,400
Quantenna Communications, Inc. (A) 4,411 60,431
Ribbon Communications, Inc. (A) 9,844 50,204
Telefonaktiebolaget LM Ericsson, B
       Shares (B) 721,683 4,595,646
Ubiquiti Networks, Inc. (A) 4,243 291,918
ViaSat, Inc. (A)(B) 34,777 2,285,544
Viavi Solutions, Inc. (A) 43,485 422,674
91,778,992
Electronic equipment, instruments and components – 1.2%
Alps Electric Company, Ltd. (B) 47,200 1,168,396
Amphenol Corp., Class A 81,486 7,018,389
Anixter International, Inc. (A) 5,508 417,231
Arrow Electronics, Inc. (A) 39,156 3,015,795
Avnet, Inc. 53,547 2,236,123
AVX Corp. 8,665 143,406
Badger Meter, Inc. 5,236 246,877
Bel Fuse, Inc., Class B 2,144 40,522
Belden, Inc. 26,687 1,839,802
Benchmark Electronics, Inc. 9,438 281,724
Cognex Corp. 77,478 4,028,081
Coherent, Inc. (A) 11,080 2,076,392
Control4 Corp. (A) 4,964 106,627
Corning, Inc. 231,881 6,464,842
CTS Corp. 6,073 165,186
Daktronics, Inc. 7,406 65,247
Electro Scientific Industries, Inc. (A) 6,160 119,073
ePlus, Inc. (A) 2,457 190,909
Fabrinet (A) 6,866 215,455
FARO Technologies, Inc. (A) 3,151 184,018
Fitbit, Inc., Class A (A) 37,208 189,761
FLIR Systems, Inc. 37,241 1,862,422
Hamamatsu Photonics KK 33,200 1,277,225
Hexagon AB, B Shares 60,733 3,625,088
Hirose Electric Company, Ltd. 7,875 1,087,915
Hitachi High-Technologies Corp. 16,184 769,364
Hitachi, Ltd. 1,135,972 8,273,971
II-VI, Inc. (A) 11,367 464,910
Ingenico Group SA 13,921 1,129,927
Insight Enterprises, Inc. (A) 6,776 236,686
IPG Photonics Corp. (A) 10,017 2,337,767
Itron, Inc. (A) 6,454 461,784
Jabil, Inc. 78,230 2,247,548
KEMET Corp. (A) 10,512 190,583
Keyence Corp. 22,800 14,242,198
Keysight Technologies, Inc. (A) 84,821 4,443,772
Kimball Electronics, Inc. (A) 5,115 82,607
Knowles Corp. (A) 56,996 717,580
Kyocera Corp. 75,463 4,278,606
Littelfuse, Inc. 15,629 3,253,645
Maxwell Technologies, Inc. (A) 7,492 44,428
Mesa Laboratories, Inc. 625 92,775
Methode Electronics, Inc. 6,751 263,964
MTS Systems Corp. 3,435 177,418
Murata Manufacturing Company, Ltd. 45,013 6,213,241
National Instruments Corp. 48,030 2,428,877
Nippon Electric Glass Company, Ltd. 20,324 589,156
Novanta, Inc. (A) 6,005 313,161
Omron Corp. 45,218 2,643,287
OSI Systems, Inc. (A) 3,365 219,634
Park Electrochemical Corp. 3,921 66,030
PC Connection, Inc. 2,271 56,775
Plexus Corp. (A) 6,336 378,449
Rogers Corp. (A) 3,404 406,914
Sanmina Corp. (A) 13,466 352,136
ScanSource, Inc. (A) 4,807 170,889
Shimadzu Corp. 59,092 1,630,057
SYNNEX Corp. 18,538 2,194,899
Systemax, Inc. 2,054 58,642
TDK Corp. 30,421 2,710,166
TE Connectivity, Ltd. 93,817 9,372,318
Tech Data Corp. (A) 22,110 1,882,224
Trimble, Inc. (A) 110,833 3,976,688
TTM Technologies, Inc. (A) 17,648 269,838
VeriFone Systems, Inc. (A) 70,295 1,081,137

268



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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)      
Vishay Intertechnology, Inc. 83,997 $ 1,562,344
Vishay Precision Group, Inc. (A) 2,010 62,612
Yaskawa Electric Corp. (B) 59,510 2,699,107
Yokogawa Electric Corp. 52,892 1,072,394
Zebra Technologies Corp., Class A (A) 23,772 3,308,825
127,495,839
Internet software and services – 2.8%
2U, Inc. (A)(B) 9,048 760,303
Akamai Technologies, Inc. (A) 45,576 3,234,984
Alarm.com Holdings, Inc. (A) 3,922 148,016
Alphabet, Inc., Class A (A) 79,785 82,748,215
Alphabet, Inc., Class C (A) 81,342 83,927,862
Alteryx, Inc., Class A (A) 4,468 152,538
Amber Road, Inc. (A) 4,345 38,671
Appfolio, Inc., Class A (A) 1,872 76,471
Apptio, Inc., Class A (A) 4,345 123,137
Auto Trader Group PLC (C) 228,962 1,125,445
Benefitfocus, Inc. (A) 3,069 74,884
Blucora, Inc. (A) 8,267 203,368
Box, Inc., Class A (A) 15,353 315,504
Brightcove, Inc. (A) 7,754 53,890
Carbonite, Inc. (A) 4,759 137,059
Care.com, Inc. (A) 2,610 42,465
Cars.com, Inc. (A) 45,578 1,291,225
ChannelAdvisor Corp. (A) 5,535 50,369
Cloudera, Inc. (A) 18,767 404,992
CommerceHub, Inc., Series A (A) 2,808 63,180
CommerceHub, Inc., Series C (A) 5,396 121,356
Cornerstone OnDemand, Inc. (A) 10,079 394,190
Coupa Software, Inc. (A) 6,123 279,331
DeNA Company, Ltd. (B) 25,000 455,320
eBay, Inc. (A) 251,542 10,122,050
Endurance International Group
       Holdings, Inc. (A) 10,900 80,660
Envestnet, Inc. (A) 8,269 473,814
Etsy, Inc. (A) 22,902 642,630
Facebook, Inc., Class A (A) 640,371 102,324,882
Five9, Inc. (A) 10,074 300,104
Gogo, Inc. (A)(B) 11,266 97,226
GrubHub, Inc. (A) 16,251 1,648,989
GTT Communications, Inc. (A) 5,853 331,865
Hortonworks, Inc. (A) 9,795 199,524
Instructure, Inc. (A) 4,112 173,321
Internap Corp. (A) 4,088 44,968
j2 Global, Inc. 30,703 2,423,081
Kakaku.com, Inc. (B) 32,100 568,085
Limelight Networks, Inc. (A) 18,201 74,806
Liquidity Services, Inc. (A) 5,743 37,330
LivePerson, Inc. (A) 10,551 172,509
LogMeIn, Inc. 23,407 2,704,679
MINDBODY, Inc., Class A (A) 8,104 315,246
Mixi, Inc. 9,900 370,405
MuleSoft, Inc., Class A (A) 4,627 203,495
New Relic, Inc. (A) 5,765 427,302
NIC, Inc. 12,579 167,301
Nutanix, Inc., Class A (A) 20,847 1,023,796
Okta, Inc. (A) 3,705 147,644
Q2 Holdings, Inc. (A) 6,081 276,990
QuinStreet, Inc. (A) 7,168 91,535
Quotient Technology, Inc. (A) 14,320 187,592
REA Group, Ltd. 12,249 752,050
Reis, Inc. 1,898 40,712
SendGrid, Inc. (A) 1,613 45,390
Shutterstock, Inc. (A) 3,521 169,536
SPS Commerce, Inc. (A) 3,220 206,305
Stamps.com, Inc. (A) 3,082 619,636
TechTarget, Inc. (A) 3,713 73,814
The Trade Desk, Inc., Class A (A) 4,607 228,599
TrueCar, Inc. (A) 13,484 127,559
Tucows, Inc., Class A (A)(B) 1,741 97,496
Twilio, Inc., Class A (A)(B) 11,788 450,066
United Internet AG 28,955 1,824,472
VeriSign, Inc. (A) 22,285 2,642,110
Web.com Group, Inc. (A) 7,346 132,963
XO Group, Inc. (A) 4,685 97,214
Yahoo Japan Corp. (B) 332,954 1,558,522
Yelp, Inc. (A) 15,125 631,469
Yext, Inc. (A) 4,843 61,264
311,613,781
IT services – 3.0%
Accenture PLC, Class A 164,837 25,302,480
Acxiom Corp. (A) 50,387 1,144,289
Alliance Data Systems Corp. 12,812 2,727,162
Amadeus IT Group SA 103,131 7,632,015
Atos SE 22,255 3,049,139
Automatic Data Processing, Inc. 118,305 13,425,251
Blackhawk Network Holdings, Inc. (A) 10,330 461,751
Broadridge Financial Solutions, Inc. 52,077 5,712,326
CACI International, Inc., Class A (A) 4,606 697,118
Capgemini SE 37,755 4,710,858
Cardtronics PLC, Class A (A) 8,761 195,458
Cass Information Systems, Inc. 2,364 140,682
Cognizant Technology Solutions Corp.,
       Class A 157,280 12,661,040
Computershare, Ltd. 107,884 1,446,773
Convergys Corp. 58,329 1,319,402
CoreLogic, Inc. (A) 36,378 1,645,377
CSG Systems International, Inc. 6,322 286,323
CSRA, Inc. 43,961 1,812,512
DST Systems, Inc. 26,460 2,213,379
DXC Technology Company 76,087 7,649,026
EPAM Systems, Inc. (A) 9,395 1,075,915
Everi Holdings, Inc. (A) 12,582 82,664
EVERTEC, Inc. 11,499 188,009
ExlService Holdings, Inc. (A) 6,208 346,220
Fidelity National Information
       Services, Inc. 88,441 8,516,868
Fiserv, Inc. (A) 110,344 7,868,631
Fujitsu, Ltd. 462,232 2,808,951
Gartner, Inc. (A) 24,152 2,840,758
Global Payments, Inc. 42,455 4,734,582
IBM Corp. 228,982 35,132,708
Jack Henry & Associates, Inc. 34,492 4,171,807
Leidos Holdings, Inc. 63,559 4,156,759
ManTech International Corp., Class A 4,822 267,476
Mastercard, Inc., Class A 246,741 43,219,154
MAXIMUS, Inc. 41,218 2,750,889
MoneyGram International, Inc. (A) 5,863 50,539
Nomura Research Institute, Ltd. 30,700 1,450,548
NTT Data Corp. 148,310 1,558,404
Obic Company, Ltd. 15,200 1,280,873
Otsuka Corp. (B) 24,600 1,254,177
Paychex, Inc. 85,331 5,255,536
PayPal Holdings, Inc. (A) 301,337 22,862,438
Perficient, Inc. (A) 6,554 150,218
Presidio, Inc. (A) 6,148 96,155
Sabre Corp. 93,111 1,997,231
Science Applications International Corp. 27,218 2,144,778
ServiceSource International, Inc. (A) 15,942 60,739

269



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
IT services (continued)
Sykes Enterprises, Inc. (A) 7,373 $ 213,375
Syntel, Inc. (A) 6,291 160,609
Teradata Corp. (A) 54,464 2,160,587
The Hackett Group, Inc. 4,864 78,116
The Western Union Company 122,410 2,353,944
Total System Services, Inc. 43,934 3,789,747
Travelport Worldwide, Ltd. 23,414 382,585
TTEC Holdings, Inc. 2,754 84,548
Unisys Corp. (A)(B) 9,881 106,221
Virtusa Corp. (A) 5,140 249,084
Visa, Inc., Class A 481,797 57,632,557
WEX, Inc. (A) 17,866 2,798,173
Wirecard AG 27,584 3,269,851
323,834,785
Semiconductors and semiconductor equipment – 3.1%
Advanced Energy Industries, Inc. (A) 7,515 480,209
Advanced Micro Devices, Inc. (A)(B) 218,532 2,196,247
Alpha & Omega Semiconductor, Ltd. (A) 4,179 64,566
Ambarella, Inc. (A) 6,146 301,093
Amkor Technology, Inc. (A) 19,444 196,968
Analog Devices, Inc. 99,025 9,024,148
Applied Materials, Inc. 280,917 15,621,794
ASM Pacific Technology, Ltd. 71,868 1,012,500
ASML Holding NV 91,217 18,087,733
Axcelis Technologies, Inc. (A) 5,746 141,352
AXT, Inc. (A) 7,664 55,564
Broadcom, Ltd. 109,729 25,857,588
Brooks Automation, Inc. 13,148 356,048
Cabot Microelectronics Corp. 4,726 506,202
CEVA, Inc. (A) 4,206 152,257
Cirrus Logic, Inc. (A) 40,316 1,638,039
Cohu, Inc. 5,255 119,867
Cree, Inc. (A) 62,275 2,510,305
CyberOptics Corp. (A) 1,588 28,584
Cypress Semiconductor Corp. 158,477 2,687,770
Diodes, Inc. (A) 7,431 226,348
Disco Corp. 6,800 1,453,454
DSP Group, Inc. (A) 4,796 56,593
Entegris, Inc. 26,838 933,962
First Solar, Inc. (A) 36,380 2,582,252
FormFactor, Inc. (A) 13,648 186,295
Ichor Holdings, Ltd. (A) 3,591 86,938
Impinj, Inc. (A)(B) 3,671 47,796
Infineon Technologies AG 266,781 7,174,601
Inphi Corp. (A)(B) 8,009 241,071
Integrated Device Technology, Inc. (A) 84,415 2,579,722
Intel Corp. 1,250,990 65,151,559
KLA-Tencor Corp. 41,814 4,558,144
Kopin Corp. (A) 13,313 41,537
Lam Research Corp. 43,587 8,855,135
Lattice Semiconductor Corp. (A) 24,118 134,337
MACOM Technology Solutions
       Holdings, Inc. (A)(B) 7,890 130,974
MaxLinear, Inc. (A) 11,600 263,900
Microchip Technology, Inc. (B) 62,413 5,702,052
Micron Technology, Inc. (A) 309,137 16,118,403
Microsemi Corp. (A) 52,497 3,397,606
MKS Instruments, Inc. 34,502 3,990,156
Monolithic Power Systems, Inc. 24,817 2,873,064
Nanometrics, Inc. (A) 4,680 125,892
NeoPhotonics Corp. (A) 6,824 46,744
NVE Corp. 955 79,370
NVIDIA Corp. 161,637 37,433,513
NXP Semiconductors NV (A) 79,600 9,313,200
PDF Solutions, Inc. (A) 5,746 66,998
Photronics, Inc. (A) 13,473 111,152
Power Integrations, Inc. 5,450 372,508
Qorvo, Inc. (A) 33,728 2,376,138
QUALCOMM, Inc. 395,734 21,927,621
Rambus, Inc. (A) 20,527 275,678
Renesas Electronics Corp. (A) 156,300 1,571,249
Rohm Company, Ltd. 22,242 2,111,229
Rudolph Technologies, Inc. (A) 5,880 162,876
Semtech Corp. (A) 12,430 485,392
Sigma Designs, Inc. (A) 7,804 48,385
Silicon Laboratories, Inc. (A) 26,989 2,426,311
Skyworks Solutions, Inc. 49,028 4,915,547
SMART Global Holdings, Inc. (A) 1,830 91,207
STMicroelectronics NV 149,720 3,331,827
SUMCO Corp. (B) 55,700 1,454,748
SunPower Corp. (A)(B) 12,011 95,848
Synaptics, Inc. (A) 21,965 1,004,459
Teradyne, Inc. 87,242 3,987,832
Texas Instruments, Inc. 262,894 27,312,058
Tokyo Electron, Ltd. 36,860 6,818,773
Ultra Clean Holdings, Inc. (A) 7,178 138,177
Veeco Instruments, Inc. (A) 9,183 156,111
Versum Materials, Inc. 48,631 1,829,985
Xcerra Corp. (A) 10,641 123,968
Xilinx, Inc. 68,205 4,927,129
Xperi Corp. 9,394 198,683
343,145,341
Software – 4.1%
8x8, Inc. (A) 17,027 317,554
A10 Networks, Inc. (A) 10,372 60,365
ACI Worldwide, Inc. (A) 73,858 1,751,912
Activision Blizzard, Inc. 202,794 13,680,483
Adobe Systems, Inc. (A) 131,481 28,410,414
Agilysys, Inc. (A) 3,320 39,574
American Software, Inc., Class A 5,817 75,621
ANSYS, Inc. (A) 22,276 3,490,426
Aspen Technology, Inc. (A) 13,800 1,088,682
Autodesk, Inc. (A) 58,930 7,400,429
Blackbaud, Inc. 30,453 3,100,420
Blackline, Inc. (A) 5,269 206,597
Bottomline Technologies, Inc. (A) 7,504 290,780
CA, Inc. 83,798 2,840,752
Cadence Design Systems, Inc. (A) 76,398 2,809,154
Callidus Software, Inc. (A) 12,783 459,549
CDK Global, Inc. 56,466 3,576,556
Check Point Software
       Technologies, Ltd. (A) 30,726 3,052,321
Citrix Systems, Inc. (A) 34,529 3,204,291
CommVault Systems, Inc. (A) 26,044 1,489,717
Dassault Systemes SE 30,465 4,143,038
Digimarc Corp. (A) 2,064 49,433
Ebix, Inc. 4,545 338,603
Electronic Arts, Inc. (A) 82,138 9,958,411
Ellie Mae, Inc. (A) 6,396 588,048
Everbridge, Inc. (A) 3,225 118,035
Fair Isaac Corp. (A) 19,025 3,222,264
ForeScout Technologies, Inc. (A) 1,157 37,533
Fortinet, Inc. (A) 64,509 3,456,392
Glu Mobile, Inc. (A) 20,710 78,077
HubSpot, Inc. (A) 6,584 713,047
Imperva, Inc. (A) 6,502 281,537
Intuit, Inc. 65,148 11,293,406
Konami Holdings Corp. 21,709 1,105,572
LINE Corp. (A) 10,400 409,295
Manhattan Associates, Inc. (A) 30,344 1,270,807

270



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Software (continued)
Micro Focus International PLC 102,240 $ 1,427,640
Microsoft Corp. 2,057,631 187,799,981
MicroStrategy, Inc., Class A (A) 1,843 237,729
Mitek Systems, Inc. (A) 6,841 50,623
MobileIron, Inc. (A) 12,699 62,860
Model N, Inc. (A) 4,720 85,196
Monotype Imaging Holdings, Inc. 7,847 176,165
Nexon Company, Ltd. (A) 93,706 1,588,661
Nice, Ltd. (A) 14,330 1,338,940
Nintendo Company, Ltd. 26,639 11,834,991
Oracle Corp. 807,664 36,950,628
Oracle Corp. Japan 9,006 747,443
Paycom Software, Inc. (A) 9,294 998,083
Paylocity Holding Corp. (A) 5,048 258,609
Pegasystems, Inc. 6,927 420,123
Progress Software Corp. 8,657 332,862
Proofpoint, Inc. (A) 8,253 937,953
PROS Holdings, Inc. (A) 5,115 168,846
PTC, Inc. (A) 51,913 4,049,733
QAD, Inc., Class A 1,896 78,968
Qualys, Inc. (A) 6,069 441,520
Rapid7, Inc. (A) 5,297 135,444
RealPage, Inc. (A) 11,084 570,826
Red Hat, Inc. (A) 47,209 7,058,218
RingCentral, Inc., Class A (A) 12,279 779,717
Rosetta Stone, Inc. (A) 3,435 45,170
SailPoint Technologies Holding, Inc. (A) 3,966 82,057
salesforce.com, Inc. (A) 183,525 21,343,958
SAP SE 230,893 24,239,551
Symantec Corp. 165,389 4,275,306
Synchronoss Technologies, Inc. (A) 8,564 90,350
Synopsys, Inc. (A) 40,111 3,338,840
Take-Two Interactive Software, Inc. (A) 30,597 2,991,775
Telenav, Inc. (A) 6,773 36,574
The Sage Group PLC 254,136 2,283,522
The Ultimate Software Group, Inc. (A) 12,966 3,159,814
TiVo Corp. 22,690 307,450
Trend Micro, Inc. 27,864 1,643,189
Tyler Technologies, Inc. (A) 15,736 3,319,667
Ubisoft Entertainment SA (A) 14,392 1,218,023
Upland Software, Inc. (A) 1,599 46,035
Varonis Systems, Inc. (A) 3,723 225,242
VASCO Data Security
       International, Inc. (A) 5,931 76,806
Verint Systems, Inc. (A) 12,079 514,565
VirnetX Holding Corp. (A) 10,833 42,790
Workiva, Inc. (A) 4,933 116,912
Zendesk, Inc. (A) 18,865 903,068
Zix Corp. (A) 12,114 51,727
443,293,245
Technology hardware, storage and peripherals – 2.6%
3D Systems Corp. (A)(B) 71,829 832,498
Apple, Inc. 1,356,176 227,539,209
Avid Technology, Inc. (A) 7,428 33,723
Brother Industries, Ltd. 54,936 1,273,825
Canon, Inc. 250,677 9,094,132
Cray, Inc. (A) 7,712 159,638
Diebold Nixdorf, Inc. (B) 48,353 744,636
Electronics For Imaging, Inc. (A) 8,764 239,520
FUJIFILM Holdings Corp. 96,738 3,863,104
Hewlett Packard Enterprise Company 418,996 7,349,190
HP, Inc. 437,821 9,597,036
Immersion Corp. (A) 5,800 69,310
Intevac, Inc. (A) 4,727 32,616
Konica Minolta, Inc. (B) 110,886 942,638
NCR Corp. (A) 52,857 1,666,053
NEC Corp. 61,084 1,717,010
NetApp, Inc. 71,932 4,437,485
Pure Storage, Inc., Class A (A) 18,432 367,718
Ricoh Company, Ltd. (B) 166,177 1,641,633
Seagate Technology PLC 76,131 4,455,186
Seiko Epson Corp. (B) 65,247 1,130,718
Stratasys, Ltd. (A)(B) 9,724 196,230
Super Micro Computer, Inc. (A) 7,466 126,922
USA Technologies, Inc. (A) 9,431 84,879
Western Digital Corp. 79,556 7,340,632
Xerox Corp. 56,371 1,622,357
286,557,898
1,927,719,881
Materials – 4.7%
Chemicals – 2.7%
A. Schulman, Inc. 5,398 232,114
Advanced Emissions Solutions, Inc. (B) 3,854 44,013
AdvanSix, Inc. (A) 5,524 192,125
AgroFresh Solutions, Inc. (A) 4,448 32,693
Air Liquide SA 100,600 12,345,382
Air Products & Chemicals, Inc. 58,576 9,315,341
Air Water, Inc. 35,407 692,085
Akzo Nobel NV 59,237 5,596,882
Albemarle Corp. 29,437 2,729,987
American Vanguard Corp. 5,551 112,130
Arkema SA 16,009 2,089,956
Asahi Kasei Corp. 296,557 3,963,733
Ashland Global Holdings, Inc. 27,781 1,938,836
Balchem Corp. 6,041 493,852
BASF SE 215,775 21,883,306
Cabot Corp. 27,593 1,537,482
CF Industries Holdings, Inc. 62,232 2,348,013
Chase Corp. 1,347 156,858
Chr. Hansen Holding A/S 23,254 2,012,566
Clariant AG (A) 54,009 1,292,054
Covestro AG (C) 38,067 3,748,344
Croda International PLC 30,891 1,984,479
Daicel Corp. 64,285 705,911
DowDuPont, Inc. 625,592 39,856,466
Eastman Chemical Company 38,357 4,049,732
Ecolab, Inc. 69,385 9,510,602
EMS-Chemie Holding AG 1,894 1,198,167
Evonik Industries AG 38,041 1,341,453
Ferro Corp. (A) 15,790 366,644
Flotek Industries, Inc. (A) 10,833 66,081
FMC Corp. 35,703 2,733,779
Frutarom Industries, Ltd. 9,189 844,906
FutureFuel Corp. 5,049 60,538
GCP Applied Technologies, Inc. (A) 13,516 392,640
Givaudan SA (B) 2,170 4,950,513
Hawkins, Inc. 2,105 73,991
HB Fuller Company 9,512 473,032
Hitachi Chemical Company, Ltd. 25,070 560,063
Incitec Pivot, Ltd. 393,048 1,069,691
Ingevity Corp. (A) 8,002 589,667
Innophos Holdings, Inc. 3,737 150,265
Innospec, Inc. 4,544 311,718
International Flavors & Fragrances, Inc. 21,054 2,882,503
Intrepid Potash, Inc. (A) 18,643 67,861
Israel Chemicals, Ltd. 164,487 698,297
Johnson Matthey PLC 45,470 1,939,806
JSR Corp. 45,090 1,014,793
K+S AG 44,597 1,288,051

271



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Chemicals (continued)
Kaneka Corp. 67,234 $ 668,814
Kansai Paint Company, Ltd. (B) 48,054 1,123,176
KMG Chemicals, Inc. 2,438 146,158
Koninklijke DSM NV 42,631 4,237,389
Koppers Holdings, Inc. (A) 3,865 158,852
Kraton Corp. (A) 5,656 269,848
Kronos Worldwide, Inc. 4,257 96,208
Kuraray Company, Ltd. 83,106 1,440,918
LANXESS AG 21,493 1,647,570
Linde AG 46,426 9,325,282
LSB Industries, Inc. (A) 5,245 32,152
LyondellBasell Industries NV, Class A 86,269 9,116,908
Minerals Technologies, Inc. 22,510 1,507,045
Mitsubishi Chemical Holdings Corp. 336,159 3,273,001
Mitsubishi Gas Chemical Company, Inc. 40,470 976,652
Mitsui Chemicals, Inc. 43,618 1,384,837
Monsanto Company 117,886 13,756,117
NewMarket Corp. 4,102 1,647,691
Nippon Paint Holdings
       Company, Ltd. (B) 37,700 1,388,609
Nissan Chemical Industries, Ltd. 28,700 1,192,241
Nitto Denko Corp. 38,787 2,931,487
Novozymes A/S, B Shares 53,162 2,767,626
Olin Corp. 74,598 2,267,033
OMNOVA Solutions, Inc. (A) 8,581 90,101
Orica, Ltd. 89,360 1,230,009
PolyOne Corp. 51,268 2,179,915
PPG Industries, Inc. 67,914 7,579,202
PQ Group Holdings, Inc. (A) 5,754 80,383
Praxair, Inc. 76,817 11,084,693
Quaker Chemical Corp. 2,431 360,104
Rayonier Advanced Materials, Inc. 9,421 202,269
RPM International, Inc. 59,672 2,844,564
Sensient Technologies Corp. 27,412 1,934,739
Shin-Etsu Chemical Company, Ltd. 91,346 9,528,223
Sika AG 506 3,969,142
Solvay SA 17,413 2,420,051
Stepan Company 3,770 313,589
Sumitomo Chemical Company, Ltd. 369,844 2,145,723
Symrise AG 28,974 2,332,970
Taiyo Nippon Sanso Corp. 29,357 444,817
Teijin, Ltd. 43,148 819,916
The Chemours Company 82,662 4,026,466
The Mosaic Company 93,323 2,265,882
The Scotts Miracle-Gro Company 17,789 1,525,407
The Sherwin-Williams Company 22,119 8,673,302
Toray Industries, Inc. 345,072 3,282,477
Tosoh Corp. 68,500 1,350,854
Trecora Resources (A) 4,193 57,025
Tredegar Corp. 5,305 95,225
Trinseo SA 8,347 618,095
Tronox, Ltd., Class A 17,058 314,550
Umicore SA 49,169 2,604,736
Valhi, Inc. 5,338 32,348
Valvoline, Inc. 89,316 1,976,563
Yara International ASA 41,710 1,782,272
291,460,627
Construction materials – 0.3%
Boral, Ltd. 275,223 1,587,571
CRH PLC 196,489 6,655,456
Eagle Materials, Inc. 21,708 2,237,009
Fletcher Building, Ltd. 161,998 710,305
Forterra, Inc. (A) 3,959 32,939
HeidelbergCement AG 34,970 3,435,521
Imerys SA 8,289 805,556
James Hardie Industries PLC 103,628 1,839,147
LafargeHolcim, Ltd. (A) 106,930 5,859,191
Martin Marietta Materials, Inc. 16,783 3,479,116
Summit Materials, Inc., Class A (A) 20,910 633,155
Taiheiyo Cement Corp. 28,370 1,019,031
U.S. Concrete, Inc. (A)(B) 2,941 177,636
Vulcan Materials Company 35,312 4,031,571
32,503,204
Containers and packaging – 0.3%
Amcor, Ltd. 272,191 2,980,583
AptarGroup, Inc. 27,729 2,490,896
Avery Dennison Corp. 23,350 2,480,938
Ball Corp. 94,478 3,751,721
Bemis Company, Inc. 40,615 1,767,565
Greif, Inc., Class A 16,358 854,706
Greif, Inc., Class B 1,076 62,677
International Paper Company 110,194 5,887,665
Myers Industries, Inc. 4,658 98,517
Owens-Illinois, Inc. (A) 72,817 1,577,216
Packaging Corp. of America 25,168 2,836,434
Sealed Air Corp. 44,697 1,912,585
Silgan Holdings, Inc. 33,018 919,551
Sonoco Products Company 44,414 2,154,079
Toyo Seikan Group Holdings, Ltd. 38,829 579,386
UFP Technologies, Inc. (A) 1,444 42,598
WestRock Company 67,960 4,360,993
34,758,110
Metals and mining – 1.3%
AK Steel Holding Corp. (A)(B) 60,375 273,499
Allegheny Technologies, Inc. (A)(B) 79,983 1,893,997
Alumina, Ltd. 580,714 1,065,513
Anglo American PLC 313,432 7,301,292
Antofagasta PLC 93,398 1,207,530
ArcelorMittal (A) 156,071 4,957,168
BHP Billiton PLC 496,037 9,803,285
BHP Billiton, Ltd. 754,336 16,720,229
BlueScope Steel, Ltd. 132,005 1,553,061
Boliden AB 64,165 2,257,865
Carpenter Technology Corp. 29,778 1,313,805
Century Aluminum Company (A) 9,436 156,071
Cleveland-Cliffs, Inc. (A)(B) 56,711 394,141
Coeur Mining, Inc. (A) 35,143 281,144
Commercial Metals Company 73,913 1,512,260
Compass Minerals International, Inc. (B) 21,521 1,297,716
Fortescue Metals Group, Ltd. 363,337 1,223,963
Freeport-McMoRan, Inc. (A) 359,071 6,308,877
Fresnillo PLC 51,676 922,720
Glencore PLC (A) 2,873,998 14,281,559
Gold Resource Corp. 11,176 50,404
Haynes International, Inc. 2,435 90,363
Hecla Mining Company 73,777 270,762
Hitachi Metals, Ltd. 50,964 598,970
JFE Holdings, Inc. 122,733 2,475,690
Kaiser Aluminum Corp. 3,121 314,909
Klondex Mines, Ltd. (A) 34,903 82,022
Kobe Steel, Ltd. (A) 73,884 732,880
Maruichi Steel Tube, Ltd. (B) 12,861 391,934
Materion Corp. 3,822 195,113
Mitsubishi Materials Corp. 26,669 790,532
Newcrest Mining, Ltd. 180,482 2,722,133
Newmont Mining Corp. 142,274 5,558,645
Nippon Steel & Sumitomo Metal Corp. 178,700 3,923,345
Norsk Hydro ASA 315,574 1,871,886
Nucor Corp. 84,824 5,181,898

272



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Metals and mining (continued)
Olympic Steel, Inc. 1,909 $ 39,154
Randgold Resources, Ltd. 22,137 1,839,054
Reliance Steel & Aluminum Company 32,514 2,787,750
Rio Tinto PLC 284,769 14,450,339
Rio Tinto, Ltd. 96,915 5,490,450
Royal Gold, Inc. 29,221 2,509,207
Schnitzer Steel Industries, Inc., Class A 5,050 163,368
South32, Ltd. 1,211,975 3,045,905
Steel Dynamics, Inc. 105,389 4,660,302
Sumitomo Metal Mining Company, Ltd. 58,007 2,399,262
SunCoke Energy, Inc. (A) 12,547 135,006
thyssenkrupp AG 102,416 2,674,297
TimkenSteel Corp. (A) 7,740 117,571
United States Steel Corp. 78,519 2,763,084
voestalpine AG 26,670 1,399,032
Warrior Met Coal, Inc. (B) 6,208 173,886
Worthington Industries, Inc. 27,769 1,191,845
145,816,693
Paper and forest products – 0.1%
Boise Cascade Company 7,336 283,170
Clearwater Paper Corp. (A) 3,194 124,885
Domtar Corp. 27,989 1,190,652
KapStone Paper and Packaging Corp. 16,442 564,125
Louisiana-Pacific Corp. 92,115 2,650,149
Mondi PLC 86,324 2,320,225
Neenah, Inc. 3,138 246,019
Oji Holdings Corp. 202,338 1,304,121
PH Glatfelter Company 8,413 172,719
Schweitzer-Mauduit International, Inc. 5,795 226,874
Stora Enso OYJ, R Shares 129,568 2,382,285
UPM-Kymmene OYJ 125,486 4,652,247
Verso Corp., Class A (A) 6,458 108,753
16,226,224
520,764,858
Real estate – 3.5%
Equity real estate investment trusts – 2.8%
Acadia Realty Trust 15,800 388,680
Agree Realty Corp. 5,147 247,262
Alexander & Baldwin, Inc. 43,314 1,001,853
Alexander’s, Inc. 392 149,442
Alexandria Real Estate Equities, Inc. 27,033 3,376,151
American Assets Trust, Inc. 7,784 260,063
American Campus Communities, Inc. 60,936 2,353,348
American Tower Corp. 117,930 17,139,946
Americold Realty Trust 9,997 190,743
Apartment Investment & Management
       Company, Class A 41,888 1,706,936
Armada Hoffler Properties, Inc. 8,633 118,186
Ascendas Real Estate Investment Trust 582,178 1,172,663
Ashford Hospitality Prime, Inc. 5,879 57,144
Ashford Hospitality Trust, Inc. 15,425 99,646
AvalonBay Communities, Inc. 36,886 6,066,272
Bluerock Residential Growth REIT, Inc. 5,359 45,552
Boston Properties, Inc. 41,234 5,080,853
Camden Property Trust 41,368 3,482,358
CapitaLand Commercial Trust 599,294 840,081
CapitaLand Mall Trust 580,103 923,419
CareTrust REIT, Inc. 14,531 194,715
CatchMark Timber Trust, Inc., Class A 8,403 104,785
CBL & Associates Properties, Inc. 33,281 138,782
Cedar Realty Trust, Inc. 19,044 75,033
Chatham Lodging Trust 8,472 162,239
Chesapeake Lodging Trust 11,122 309,303
City Office REIT, Inc. 7,132 82,446
Clipper Realty, Inc. 4,238 35,896
Community Healthcare Trust, Inc. 3,355 86,358
CoreCivic, Inc. 52,770 1,030,070
CorEnergy Infrastructure Trust, Inc. 2,401 90,134
CoreSite Realty Corp. 15,287 1,532,675
Corporate Office Properties Trust 45,217 1,167,955
Cousins Properties, Inc. 266,270 2,311,224
Crown Castle International Corp. 110,943 12,160,462
CyrusOne, Inc. 42,914 2,197,626
Daiwa House REIT Investment Corp. 338 817,249
DCT Industrial Trust, Inc. 41,834 2,356,928
Dexus 239,070 1,721,480
DiamondRock Hospitality Company 37,671 393,285
Digital Realty Trust, Inc. 54,866 5,781,779
Douglas Emmett, Inc. 71,158 2,615,768
Duke Realty Corp. 95,855 2,538,240
Easterly Government Properties, Inc. 7,897 161,099
EastGroup Properties, Inc. 6,303 521,006
Education Realty Trust, Inc. 48,181 1,577,928
EPR Properties 28,864 1,599,066
Equinix, Inc. 21,198 8,863,732
Equity Residential 98,139 6,047,325
Essex Property Trust, Inc. 17,562 4,226,822
Extra Space Storage, Inc. 33,441 2,921,406
Farmland Partners, Inc. 7,652 63,894
Federal Realty Investment Trust 19,375 2,249,631
First Industrial Realty Trust, Inc. 75,885 2,218,119
Fonciere Des Regions 8,020 884,753
Four Corners Property Trust, Inc. 11,169 257,892
Franklin Street Properties Corp. 20,413 171,673
Front Yard Residential Corp. 9,964 100,138
Gecina SA 11,517 1,998,561
Getty Realty Corp. 5,897 148,722
GGP, Inc. 169,520 3,468,379
Gladstone Commercial Corp. 5,796 100,503
Global Net Lease, Inc. 13,441 226,884
Goodman Group 423,988 2,756,817
Government Properties Income Trust 18,795 256,740
Gramercy Property Trust 30,275 657,876
Hammerson PLC 188,585 1,421,600
HCP, Inc. 124,854 2,900,358
Healthcare Realty Trust, Inc. 78,704 2,180,888
Hersha Hospitality Trust 7,338 131,350
Highwoods Properties, Inc. 46,109 2,020,496
Hospitality Properties Trust 73,371 1,859,221
Host Hotels & Resorts, Inc. 196,336 3,659,703
ICADE 7,789 756,191
Independence Realty Trust, Inc. 16,447 150,983
Industrial Logistics Properties Trust (A) 3,760 76,478
InfraREIT, Inc. 4,498 87,396
Investors Real Estate Trust 23,887 123,974
Iron Mountain, Inc. 74,751 2,456,318
iStar, Inc. (A) 12,400 126,108
Japan Prime Realty Investment Corp. 193 701,174
Japan Real Estate Investment Corp. 296 1,538,666
Japan Retail Fund Investment Corp. 628 1,217,778
JBG SMITH Properties 41,688 1,405,302
Jernigan Capital, Inc. 2,790 50,499
Keppel REIT 21,160 19,583
Kilroy Realty Corp. 44,072 3,127,349
Kimco Realty Corp. 113,081 1,628,366
Kite Realty Group Trust 15,994 243,589
Klepierre SA (B) 51,748 2,085,816
Lamar Advertising Company, Class A 37,428 2,382,666
Land Securities Group PLC 174,339 2,293,769

273



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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)
LaSalle Hotel Properties 72,025 $ 2,089,445
Lexington Realty Trust 41,331 325,275
Liberty Property Trust 65,831 2,615,466
Life Storage, Inc. 20,766 1,734,376
Link REIT 518,106 4,441,060
LTC Properties, Inc. 7,493 284,734
Mack-Cali Realty Corp. 57,858 966,807
MedEquities Realty Trust, Inc. 6,442 67,705
Medical Properties Trust, Inc. 162,811 2,116,543
Mid-America Apartment
       Communities, Inc. 30,191 2,754,627
Mirvac Group 865,317 1,438,059
Monmouth Real Estate Investment Corp. 14,064 211,523
National Health Investors, Inc. 7,484 503,598
National Retail Properties, Inc. 68,704 2,697,319
National Storage Affiliates Trust 9,370 235,000
New Senior Investment Group, Inc. 16,347 133,718
NexPoint Residential Trust, Inc. 3,396 84,357
Nippon Building Fund, Inc. 314 1,741,704
Nippon Prologis REIT, Inc. 429 931,762
Nomura Real Estate Master Fund, Inc. 886 1,233,061
NorthStar Realty Europe Corp. 10,652 138,689
Omega Healthcare Investors, Inc. 88,656 2,397,258
One Liberty Properties, Inc. 3,098 68,466
Pebblebrook Hotel Trust 12,943 444,592
Pennsylvania Real Estate
       Investment Trust 13,623 131,462
Physicians Realty Trust 34,161 531,887
PotlatchDeltic Corp. 38,149 1,985,655
Preferred Apartment Communities, Inc.,
       Class A 7,404 105,063
Prologis, Inc. 142,962 9,005,176
PS Business Parks, Inc. 3,640 411,466
Public Storage 39,963 8,008,186
QTS Realty Trust, Inc., Class A 9,433 341,663
Quality Care Properties, Inc. (A) 60,206 1,169,803
Ramco-Gershenson Properties Trust 15,242 188,391
Rayonier, Inc. 57,627 2,027,318
Realty Income Corp. 76,482 3,956,414
Regency Centers Corp. 40,175 2,369,522
Retail Opportunity Investments Corp. 20,591 363,843
Rexford Industrial Realty, Inc. 14,627 421,111
RLJ Lodging Trust 31,939 620,894
Ryman Hospitality Properties, Inc. 8,293 642,293
Sabra Health Care REIT, Inc. 113,323 2,000,151
Safety Income and Growth, Inc. 2,432 38,888
Saul Centers, Inc. 2,327 118,607
SBA Communications Corp. (A) 31,356 5,359,368
Scentre Group 1,252,413 3,695,745
Segro PLC 235,268 1,985,529
Select Income REIT 12,264 238,903
Senior Housing Properties Trust 106,087 1,661,322
Seritage Growth Properties, Class A 4,844 172,204
Simon Property Group, Inc. 85,669 13,223,010
SL Green Realty Corp. 24,191 2,342,415
STAG Industrial, Inc. 17,873 427,522
Stockland 568,614 1,764,353
Summit Hotel Properties, Inc. 19,781 269,219
Sunstone Hotel Investors, Inc. 42,400 645,328
Suntec Real Estate Investment Trust 582,600 844,691
Tanger Factory Outlet Centers, Inc. 42,205 928,510
Taubman Centers, Inc. 27,192 1,547,497
Terreno Realty Corp. 10,171 351,001
The British Land Company PLC 223,327 2,013,146
The GEO Group, Inc. 78,648 1,609,925
The GPT Group 422,711   1,549,240
The Macerich Company 28,789 1,612,760
Tier REIT, Inc. 9,036 166,985
UDR, Inc. 72,655 2,587,971
UMH Properties, Inc. 6,338 84,993
Unibail-Rodamco SE 23,469 5,360,868
United Urban Investment Corp. 715 1,120,042
Uniti Group, Inc. 73,626 1,196,423
Universal Health Realty Income Trust 2,471 148,507
Urban Edge Properties 66,828 1,426,778
Urstadt Biddle Properties, Inc., Class A 5,857 113,040
Ventas, Inc. 95,055 4,708,074
Vicinity Centres 770,778 1,432,645
Vornado Realty Trust 45,993 3,095,329
Washington Prime Group, Inc. 118,961 793,470
Washington Real Estate Investment Trust 14,974 408,790
Weingarten Realty Investors 53,329 1,497,478
Welltower, Inc. 98,849 5,380,351
Westfield Corp. 464,094 3,044,055
Weyerhaeuser Company 201,419 7,049,665
Whitestone REIT 7,732 80,335
Xenia Hotels & Resorts, Inc. 20,211 398,561
305,158,602
Real estate management and development – 0.7%
Aeon Mall Company, Ltd. 26,531 558,006
Altisource Portfolio Solutions SA (A)(B) 2,123 56,387
Azrieli Group, Ltd. 10,262 493,304
CapitaLand, Ltd. 600,984 1,645,788
CBRE Group, Inc., Class A (A) 80,645 3,808,057
City Developments, Ltd. 95,013 946,730
CK Asset Holdings, Ltd. 608,062 5,131,477
Consolidated-Tomoka Land Company 812 51,034
Daito Trust Construction Company, Ltd. 16,311 2,777,223
Daiwa House Industry Company, Ltd. 133,066 5,126,143
Deutsche Wohnen SE 83,377 3,890,365
Forestar Group, Inc. (A)(B) 1,895 40,079
FRP Holdings, Inc. (A) 1,308 73,248
Hang Lung Group, Ltd. 203,000 665,734
Hang Lung Properties, Ltd. 475,313 1,115,572
Henderson Land Development
       Company, Ltd. 282,281 1,850,936
HFF, Inc., Class A 6,937 344,769
Hongkong Land Holdings, Ltd. 276,534 1,910,576
Hulic Company, Ltd. 71,169 775,577
Hysan Development Company, Ltd. 144,279 765,665
Jones Lang LaSalle, Inc. 20,272 3,540,302
Kennedy-Wilson Holdings, Inc. 23,080 401,592
Kerry Properties, Ltd. 150,064 678,587
LendLease Group 129,922 1,741,866
Marcus & Millichap, Inc. (A) 3,095 111,606
Mitsubishi Estate Company, Ltd. 294,124 4,926,999
Mitsui Fudosan Company, Ltd. 209,626 5,060,633
New World Development Company, Ltd. 1,384,569 1,973,362
Newmark Group, Inc., Class A (A) 4,549 69,099
Nomura Real Estate Holdings, Inc. 28,863 677,740
Rafael Holdings, Inc., Class B (A) 1,843 8,936
RE/MAX Holdings, Inc., Class A 3,369 203,656
Redfin Corp. (A) 11,167 254,943
Sino Land Company, Ltd. 733,722 1,189,253
Sumitomo Realty & Development
       Company, Ltd. 83,483 3,119,476
Sun Hung Kai Properties, Ltd. 340,314 5,401,791
Swire Pacific, Ltd., Class A 117,018 1,184,993
Swire Properties, Ltd. 277,287 975,268
Swiss Prime Site AG (A) 16,730 1,619,046

274



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Real estate management and development (continued)
Tejon Ranch Company (A) 3,625 $ 83,774
The RMR Group, Inc., Class A 1,249 87,368
The St. Joe Company (A) 8,566 161,469
The Wharf Holdings, Ltd. 288,061 997,350
Tokyo Tatemono Company, Ltd. 48,300 731,120
Tokyu Fudosan Holdings Corp. 118,481 852,470
UOL Group, Ltd. 116,770 765,623
Vonovia SE 114,021 5,654,277
Wharf Real Estate Investment
       Company, Ltd. (A) 285,061 1,863,268
Wheelock & Company, Ltd. 189,285 1,388,413
77,750,950
382,909,552
Telecommunication services – 2.3%
Diversified telecommunication services – 1.8%
AT&T, Inc. 1,641,190 58,508,424
ATN International, Inc. 2,005 119,538
Bezeq The Israeli Telecommunication
       Corp., Ltd. 489,397 627,262
BT Group PLC 1,980,708 6,322,043
CenturyLink, Inc. 259,416 4,262,205
Cincinnati Bell, Inc. (A) 8,045 111,423
Cogent Communications Holdings, Inc. 7,831 339,865
Consolidated Communications
       Holdings, Inc. (B) 12,500 137,000
Deutsche Telekom AG 782,985 12,810,182
Elisa OYJ 33,030 1,493,925
Frontier Communications Corp. (B) 15,701 116,501
Globalstar, Inc. (A)(B) 110,111 75,701
Hawaiian Telcom Holdco, Inc. (A) 1,338 35,698
HKT Trust & HKT, Ltd. 887,421 1,118,846
IDT Corp., Class B (A) 3,685 23,105
Iliad SA 6,185 1,280,445
Intelsat SA (A) 7,516 28,260
Iridium Communications, Inc. (A) 15,939 179,314
Koninklijke KPN NV 788,663 2,371,501
Nippon Telegraph & Telephone Corp. 162,558 7,583,827
Ooma, Inc. (A) 3,889 42,390
Orange SA 468,735 7,967,484
ORBCOMM, Inc. (A) 13,162 123,328
PCCW, Ltd. 1,016,317 589,838
pdvWireless, Inc. (A) 1,989 59,372
Proximus SADP 36,008 1,119,566
Singapore Telecommunications, Ltd. 1,914,554 4,947,913
Spark New Zealand, Ltd. 428,836 1,040,543
Swisscom AG (B) 6,090 3,021,273
TDC A/S (A) 189,253 1,568,259
Telecom Italia SpA (A) 2,699,476 2,563,132
Telecom Italia SpA 1,388,142 1,155,727
Telefonica Deutschland Holding AG 174,503 819,973
Telefonica SA 1,097,637 10,874,118
Telenor ASA 176,348 4,010,351
Telia Company AB 660,461 3,111,915
Telstra Corp., Ltd. 978,493 2,368,612
TPG Telecom, Ltd. (B) 90,639 385,103
Verizon Communications, Inc. 1,103,404 52,764,779
Vonage Holdings Corp. (A) 38,732 412,496
Windstream Holdings, Inc. 37,638 53,070
196,544,307
Wireless telecommunication services – 0.5%
1&1 Drillisch AG 12,453 840,230
Boingo Wireless, Inc. (A) 7,182 177,898
KDDI Corp. 425,543 10,959,610
Millicom International Cellular SA 15,673 1,072,577
NTT DOCOMO, Inc. 320,752   8,177,064
Shenandoah
       Telecommunications Company 8,810 317,160
SoftBank Group Corp. 193,887 14,462,276
Spok Holdings, Inc. 4,009 59,935
StarHub, Ltd. 138,811 244,345
Tele2 AB, B Shares 85,690 1,031,908
Telephone & Data Systems, Inc. 41,268 1,156,742
Vodafone Group PLC 6,265,836 17,143,522
55,643,267
252,187,574
Utilities – 3.1%
Electric utilities – 1.7%
ALLETE, Inc. 32,250 2,330,063
Alliant Energy Corp. 62,603 2,557,959
American Electric Power Company, Inc. 131,163 8,996,470
AusNet Services 426,413 551,550
Chubu Electric Power Company, Inc. 151,529 2,174,703
CK Infrastructure Holdings, Ltd. 153,843 1,260,943
CLP Holdings, Ltd. 385,834 3,933,965
Duke Energy Corp. 187,439 14,520,899
Edison International 86,902 5,532,181
EDP – Energias de Portugal SA 559,205 2,124,758
El Paso Electric Company 7,665 390,915
Electricite de France SA 134,992 1,954,487
Endesa SA 74,402 1,639,090
Enel SpA 1,910,557 11,691,101
Entergy Corp. 48,053 3,785,615
Eversource Energy 84,525 4,980,213
Exelon Corp. 258,069 10,067,272
FirstEnergy Corp. 119,067 4,049,469
Fortum OYJ 104,449 2,243,876
Great Plains Energy, Inc. 96,275 3,060,582
Hawaiian Electric Industries, Inc. 48,590 1,670,524
HK Electric Investments & HK Electric
       Investments, Ltd. (C) 641,000 621,570
Iberdrola SA 1,363,513 10,026,441
IDACORP, Inc. 31,969 2,821,904
Kyushu Electric Power
       Company, Inc. (B) 100,418 1,212,800
Mercury NZ, Ltd. 171,090 400,053
MGE Energy, Inc. 6,699 375,814
NextEra Energy, Inc. 125,836 20,552,794
OGE Energy Corp. 89,154 2,921,577
Orsted A/S (C) 44,497 2,895,058
Otter Tail Corp. 7,528 326,339
PG&E Corp. 138,208 6,071,477
Pinnacle West Capital Corp. 29,836 2,380,913
PNM Resources, Inc. 50,660 1,937,745
Portland General Electric Company 16,753 678,664
Power Assets Holdings, Ltd. 325,736 2,909,925
PPL Corp. 185,650 5,252,039
Red Electrica Corp. SA 101,812 2,101,644
Spark Energy, Inc., Class A 2,586 30,644
SSE PLC 238,986 4,287,253
Terna Rete Elettrica Nazionale SpA 330,415 1,930,907
The Chugoku Electric Power
       Company, Inc. (B) 64,036 782,290
The Kansai Electric Power
       Company, Inc. 165,524 2,164,156
The Southern Company 269,566 12,038,818
Tohoku Electric Power Company, Inc. 105,165 1,430,585
Tokyo Electric Power Company
Holdings, Inc. (A) 336,028 1,316,214

275



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Electric utilities (continued)
Westar Energy, Inc. 63,497 $ 3,339,307
Xcel Energy, Inc. 135,397 6,157,856
186,481,422
Gas utilities – 0.3%
APA Group 261,524 1,592,413
Atmos Energy Corp. 49,534 4,172,744
Chesapeake Utilities Corp. 3,006 211,472
Gas Natural SDG SA 82,325 1,964,938
Hong Kong & China Gas Company, Ltd. 1,972,273 4,064,380
National Fuel Gas Company 38,305 1,970,792
New Jersey Resources Corp. 55,368 2,220,257
Northwest Natural Gas Company 5,426 312,809
ONE Gas, Inc. 33,003 2,178,858
Osaka Gas Company, Ltd. 88,175 1,753,707
RGC Resources, Inc. 1,555 39,497
South Jersey Industries, Inc. 15,250 429,440
Southwest Gas Holdings, Inc. 30,441 2,058,725
Spire, Inc. (B) 8,808 636,818
Toho Gas Company, Ltd. 17,684 552,736
Tokyo Gas Company, Ltd. 91,396 2,442,119
UGI Corp. 77,238 3,430,912
WGL Holdings, Inc. 32,431 2,712,853
32,745,470
Independent power and renewable electricity producers –
0.1%
AES Corp. 178,039 2,024,303
Atlantic Power Corp. (A) 28,487 59,823
Dynegy, Inc. (A) 24,533 331,686
Electric Power Development
       Company, Ltd. 34,548 890,507
Meridian Energy, Ltd. 297,065 614,437
NRG Energy, Inc. 80,757 2,465,511
NRG Yield, Inc., Class A 6,985 114,833
NRG Yield, Inc., Class C 12,172 206,924
Ormat Technologies, Inc. 7,619 429,559
Pattern Energy Group, Inc., Class A (B) 15,135 261,684
TerraForm Power, Inc., Class A 8,869 95,164
Uniper SE 47,774 1,455,917
8,950,348
Multi-utilities – 0.9%
AGL Energy, Ltd. 154,217 2,584,772
Ameren Corp. 64,716 3,664,867
Avista Corp. 12,016 615,820
Black Hills Corp. 34,024 1,847,503
CenterPoint Energy, Inc. 114,910 3,148,534
Centrica PLC 1,313,686 2,630,360
CMS Energy Corp. 75,254 3,408,254
Consolidated Edison, Inc. 82,662 6,442,676
Dominion Energy, Inc. 174,194 11,745,901
DTE Energy Company 47,832 4,993,661
E.ON SE 517,111 5,746,182
Engie SA 429,173 7,166,535
Innogy SE (C) 32,233 1,527,820
MDU Resources Group, Inc. 87,190 2,455,270
National Grid PLC 795,725 8,957,063
NiSource, Inc. 90,559 2,165,266
NorthWestern Corp. 31,374 1,687,921
Public Service Enterprise Group, Inc. 134,935 6,779,134
RWE AG 121,741 3,009,217
SCANA Corp. 38,785 1,456,377
Sempra Energy 68,335 7,600,219
Suez 85,651 1,241,078
Unitil Corp. 2,841 131,851
Vectren Corp. 37,073 2,369,706
Veolia Environnement SA 112,529   2,673,393
WEC Energy Group, Inc. 84,172 5,277,584
101,326,964
Water utilities – 0.1%
American States Water Company 6,773 359,375
American Water Works Company, Inc. 47,577 3,907,499
Aqua America, Inc. 79,353 2,702,763
AquaVenture Holdings, Ltd. (A) 2,777 34,490
Artesian Resources Corp., Class A 1,826 66,612
Cadiz, Inc. (A)(B) 4,511 60,899
California Water Service Group 9,101 339,012
Connecticut Water Service, Inc. 2,333 141,216
Consolidated Water Company, Ltd. 3,313 48,204
Middlesex Water Company 3,146 115,458
Pure Cycle Corp. (A) 3,782 35,740
Severn Trent PLC 55,204 1,429,152
SJW Group 3,121 164,508
The York Water Company 2,797 86,707
United Utilities Group PLC 160,172 1,608,561
11,100,196
340,604,400
TOTAL COMMON STOCKS (Cost $6,773,901,450) $ 10,633,232,462
           
PREFERRED SECURITIES – 0.2%
Consumer discretionary – 0.1%
Auto components – 0.0%
Schaeffler AG 38,864 600,216
Automobiles – 0.1%
Bayerische Motoren Werke AG 12,808 1,201,892
Porsche Automobil Holding SE 35,981 2,999,316
Volkswagen AG 43,618 8,693,670
12,894,878
Media – 0.0%
GCI Liberty, Inc., 5.000% 1,037 24,214
13,519,308
Consumer staples – 0.1%
Household products – 0.1%
Henkel AG & Company KGaA 41,839 5,499,864
Financials – 0.0%
Banks – 0.0%
Intesa Sanpaolo SpA 218,816 828,838
Materials – 0.0%
Chemicals – 0.0%
FUCHS PETROLUB SE 16,369 888,585
TOTAL PREFERRED SECURITIES (Cost $15,167,991) $ 20,736,595
           
RIGHTS – 0.0%
Babcock & Wilcox Enterprises, Inc.
       (Expiration Date: 4-10-18; Strike
       Price: $2.00) (A) 9,326 17,887
Community Health Systems, Inc. (A)(E) 174,338 1,970
TOTAL RIGHTS (Cost $11,332) $ 19,857
           
SECURITIES LENDING COLLATERAL – 1.3%
John Hancock Collateral Trust,
       1.8276% (F)(G) 13,856,478 138,589,723
TOTAL SECURITIES LENDING COLLATERAL (Cost
$138,608,317) $ 138,589,723

276



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

Shares or
Principal
      Amount       Value
SHORT-TERM INVESTMENTS – 2.3%
U.S. Government Agency – 2.1%
Federal Home Loan Bank Discount Note
       1.370%, 04/02/2018 * $ 6,500,000 $ 6,500,000
       1.470%, 04/04/2018 * 35,000,000 34,996,780
       1.480%, 04/02/2018 * 10,000,000 10,000,000
       1.480%, 04/09/2018 * 40,000,000 39,987,080
       1.530%, 04/05/2018 * 30,000,000 29,995,860
       1.660%, 04/10/2018 * 34,700,000 34,687,196
       1.690%, 05/01/2018 * 20,000,000 19,972,620
       1.715%, 05/10/2018 * 60,000,000 59,892,360
236,031,896
Repurchase agreement – 0.2%
Repurchase Agreement with State Street
       Corp. dated 3-29-18 at 0.740% to be
       repurchased at $22,391,841 on 4-2-18,
       collateralized by $23,755,000
       U.S. Treasury Notes, 2.000% -
       2.250% due 11-15-24 to 2-15-25
       (valued at $22,849,089,
       including interest) 22,390,000 22,390,000
TOTAL SHORT-TERM INVESTMENTS (Cost $258,412,756) $ 258,421,896
Total Investments (Strategic Equity Allocation Trust)
       (Cost $7,186,101,846) – 100.7% $ 11,051,000,533
Other assets and liabilities, net – (0.7%) (79,556,117 )
TOTAL NET ASSETS – 100.0% $ 10,971,444,416

Security Abbreviations and Legend

ADR         American Depositary Receipt
(A) Non-income producing security.
(B) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $132,763,104.
(C) 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.
(D) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(E) Strike price and/or expiration date not available.
(F) The rate shown is the annualized seven-day yield as of 3-31-18.
(G) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.
* 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.

DERIVATIVES

FUTURES

Unrealized
Number of Expiration Notional Notional appreciation
Open contracts       contracts       Position       date       basis*       value*       (depreciation)
MSCI EAFE Index Futures 1,303 Long Jun 2018 $131,585,954 $130,339,090 $(1,246,864 )
Russell 2000 Index E-Mini Futures 142 Long Jun 2018 11,223,161 10,871,520 (351,641 )
S&P 500 Index E-Mini Futures 1,159 Long Jun 2018 158,987,573 153,161,850 (5,825,723 )
S&P Mid 400 Index E-Mini Futures 112 Long Jun 2018 21,516,655 21,090,720 (425,935 )
$(7,850,163 )

* Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

See Notes to Portfolio of Investments regarding investment transactions and other derivatives information.

Strategic Income Opportunities Trust

Shares or
Principal
      Amount       Value
Australia – 0.6%
Commonwealth of Australia
       5.750%, 07/15/2022 AUD 830,000 $ 728,315
New South Wales Treasury Corp.
       6.000%, 03/01/2022 1,545,000 1,346,019
Queensland Treasury Corp.
       6.000%, 07/21/2022 1,540,000 1,350,371
3,424,705
Austria – 0.3%
Republic of Austria
       0.000%, 07/15/2023 (A) EUR 1,515,000 1,856,637
Brazil – 2.0%
Federative Republic of Brazil
       10.000%, 01/01/2021 BRL 14,200,000 4,621,743
       10.000%, 01/01/2023 BRL 23,350,000 7,557,353
12,179,096
Canada – 0.4%
Canada Housing Trust No. 1
       1.250%, 12/15/2020 (A) CAD 1,120,000 851,673
Export Development Canada
       2.400%, 06/07/2021 AUD 430,000 329,400
Province of British Columbia
       6.600%, 01/09/2020 (A) INR 60,405,000 926,651
Province of Ontario
       6.250%, 09/29/2020 AUD 725,000 605,556
2,713,280

277



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

Shares or
Principal
      Amount       Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)          
Colombia – 0.6%
Republic of Colombia
       4.500%, 01/28/2026 $ 1,415,000 $ 1,462,403
       7.000%, 05/04/2022 COP 5,514,000,000 2,070,847
3,533,250
Finland – 0.3%
Republic of Finland
       1.500%, 04/15/2023 (A) EUR 1,380,000 1,825,313
Hungary – 0.8%
Republic of Hungary
       6.250%, 01/29/2020 $ 2,100,000 2,220,750
       6.375%, 03/29/2021 2,138,000 2,327,854
4,548,604
India – 0.8%
Republic of India
       7.680%, 12/15/2023 INR 90,000,000 1,397,903
       7.800%, 04/11/2021 200,000,000 3,126,827
4,524,730
Indonesia – 3.4%
Perusahaan Penerbit SBSN Indonesia III
       4.150%, 03/29/2027 (A) $ 940,000 930,600
Republic of Indonesia
       2.150%, 07/18/2024 (A) EUR 740,000 937,769
       2.625%, 06/14/2023 (A) 850,000 1,110,486
       5.625%, 05/15/2023 IDR 1,139,000,000 81,507
       6.125%, 05/15/2028 29,130,000,000 2,037,972
       6.625%, 05/15/2033 16,099,000,000 1,141,048
       7.000%, 05/15/2022 36,212,000,000 2,725,205
       7.000%, 05/15/2027 19,812,000,000 1,462,785
       7.500%, 08/15/2032 3,504,000,000 261,193
       7.500%, 05/15/2038 15,217,000,000 1,118,548
       8.250%, 07/15/2021 29,860,000,000 2,312,282
       8.375%, 03/15/2024 25,945,000,000 2,058,913
       8.375%, 09/15/2026 26,845,000,000 2,153,130
       8.750%, 05/15/2031 17,423,000,000 1,428,136
       9.000%, 03/15/2029 8,290,000,000 689,061
20,448,635
Ireland – 2.5%
Republic of Ireland
       3.400%, 03/18/2024 EUR 5,220,000 7,618,939
       3.900%, 03/20/2023 5,175,000 7,577,009
15,195,948
Malaysia – 1.6%
Government of Malaysia
       3.620%, 11/30/2021 MYR 2,895,000 752,761
       3.733%, 06/15/2028 1,130,000 286,963
       3.844%, 04/15/2033 6,313,000 1,525,799
       3.882%, 03/14/2025 2,835,000 733,951
       3.899%, 11/16/2027 3,370,000 867,616
       4.059%, 09/30/2024 12,940,000 3,376,848
       4.160%, 07/15/2021 7,083,000 1,870,333
9,414,271
Mexico – 2.0%
Government of Mexico
       4.600%, 01/23/2046 $ 1,060,000 1,006,682
       4.750%, 06/14/2018 MXN 16,320,000 891,451
       6.500%, 06/10/2021 48,740,000 2,625,687
       7.750%, 05/29/2031 18,298,500 1,029,920
       8.000%, 06/11/2020 26,396,500 1,474,937
       8.000%, 12/07/2023 23,850,000 1,359,175
       8.500%, 12/13/2018 23,169,500 1,280,669
       10.000%, 12/05/2024 35,852,000 2,262,305
11,930,826
New Zealand – 1.1%
Dominion of New Zealand
       3.000%, 04/15/2020 NZD 805,000 592,869
       5.500%, 04/15/2023 1,280,000 1,064,666
       6.000%, 05/15/2021 3,490,000 2,821,240
New Zealand Local Government
       Funding Agency
       5.000%, 03/15/2019 2,690,000 1,994,970
       5.500%, 04/15/2023 545,000 439,445
6,913,190
Norway – 1.3%
Government of Norway
       2.000%, 05/24/2023 (A) NOK 15,075,000 1,970,156
       3.750%, 05/25/2021 (A) 26,605,000 3,659,555
       4.500%, 05/22/2019 (A) 15,572,000 2,068,966
7,698,677
Philippines – 1.6%
Republic of Philippines
       3.500%, 03/20/2021 PHP 26,480,000 491,141
       3.500%, 04/21/2023 71,930,000 1,247,723
       4.625%, 09/09/2040 4,368,000 61,381
       4.950%, 01/15/2021 4,435,000 86,490
       5.875%, 12/16/2020 127,403,440 2,523,600
       5.875%, 03/01/2032 29,900,000 538,494
       6.250%, 01/14/2036 43,000,000 909,611
       6.500%, 04/28/2021 42,600,000 851,231
       7.375%, 03/03/2021 59,600,000 1,226,590
       8.000%, 07/19/2031 66,710,000 1,476,118
9,412,379
Portugal – 1.0%
Republic of Portugal
       3.850%, 04/15/2021 (A) EUR 2,040,000 2,805,508
       5.125%, 10/15/2024 (A) $ 2,855,000 3,036,521
5,842,029
Singapore – 0.6%
Republic of Singapore
       3.250%, 09/01/2020 SGD 4,420,000 3,477,586
South Korea – 0.0%
Korea Treasury Bond Coupon Strips
       3.286%, 09/10/2018 KRW 83,030,000 77,349
Sweden – 0.5%
Kingdom of Sweden
       0.125%, 04/24/2023 (A) EUR 2,540,000 3,128,455
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost
$131,837,193) $ 128,144,960
           
CORPORATE BONDS – 44.0%
Consumer discretionary – 5.7%
AMC Entertainment Holdings, Inc.
       6.375%, 11/15/2024 GBP 1,236,000 1,775,320
American Axle & Manufacturing, Inc.
       6.625%, 10/15/2022 $ 640,000 662,400
CCO Holdings LLC
       5.125%, 05/01/2027 (A) 885,000 840,219
       5.750%, 01/15/2024 1,690,000 1,715,350
Cequel Communications Holdings I LLC
       7.500%, 04/01/2028 (A) 660,000 674,850
ESH Hospitality, Inc.
       5.250%, 05/01/2025 (A) 1,220,000 1,186,816
Expedia Group, Inc.
       3.800%, 02/15/2028 1,390,000 1,290,951
       5.000%, 02/15/2026 1,240,000 1,278,694

278



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

Shares or
Principal
      Amount       Value
CORPORATE BONDS (continued)
Consumer discretionary (continued)
KFC Holding Company/Pizza Hut
        Holdings LLC/Taco Bell of
        America LLC
        5.000%, 06/01/2024 (A) $ 1,395,000 $ 1,386,281
        5.250%, 06/01/2026 (A) 1,881,000 1,873,946
Lamar Media Corp.
        5.000%, 05/01/2023 895,000 902,563
LIN Television Corp.
        5.875%, 11/15/2022 795,000 817,856
Meredith Corp.
        6.875%, 02/01/2026 (A) 1,630,000 1,672,788
Netflix, Inc.
        3.625%, 05/15/2027 (A) EUR 1,215,000 1,469,022
        4.875%, 04/15/2028 (A) $ 1,845,000 1,774,152
New Red Finance, Inc.
        4.250%, 05/15/2024 (A) 1,470,000 1,403,850
        4.625%, 01/15/2022 (A) 1,985,000 1,989,963
        5.000%, 10/15/2025 (A) 1,490,000 1,418,778
Nexstar Broadcasting, Inc.
        5.625%, 08/01/2024 (A) 1,950,000 1,910,415
QVC, Inc.
        4.450%, 02/15/2025 741,000 732,252
Sinclair Television Group, Inc.
        5.625%, 08/01/2024 (A) 1,030,000 1,022,275
Sirius XM Radio, Inc.
        4.625%, 05/15/2023 (A) 1,130,000 1,111,977
        5.000%, 08/01/2027 (A) 330,000 310,200
        5.375%, 07/15/2026 (A) 1,005,000 992,438
The Goodyear Tire & Rubber Company
        8.750%, 08/15/2020 320,000 356,800
Tribune Media Company
        5.875%, 07/15/2022 445,000 451,119
Viacom, Inc.
        5.850%, 09/01/2043 473,000 514,647
Viacom, Inc. (6.250% to 2-28-27, then 3
        month LIBOR + 3.899%) 02/28/2057 1,735,000 1,761,025
WMG Acquisition Corp.
        5.000%, 08/01/2023 (A) 270,000 270,338
        5.500%, 04/15/2026 (A) 675,000 678,375
34,245,660
Consumer staples – 3.7%
Anheuser-Busch InBev Finance, Inc.
        3.650%, 02/01/2026 1,975,000 1,962,076
Aramark Services, Inc.
        5.000%, 04/01/2025 (A) 810,000 816,318
B&G Foods, Inc.
        4.625%, 06/01/2021 1,935,000 1,920,488
Constellation Brands, Inc.
        4.250%, 05/01/2023 1,320,000 1,351,656
        4.750%, 12/01/2025 585,000 615,778
CVS Health Corp.
        4.100%, 03/25/2025 2,395,000 2,409,894
        4.300%, 03/25/2028 3,160,000 3,179,512
Darling Ingredients, Inc.
        5.375%, 01/15/2022 840,000 854,700
Kraft Heinz Foods Company
        3.950%, 07/15/2025 1,440,000 1,432,884
        4.875%, 02/15/2025 (A) 633,000 659,872
Molson Coors Brewing Company
        1.250%, 07/15/2024 EUR 755,000 929,630
Natura Cosmeticos SA
        5.375%, 02/01/2023 (A) $ 1,350,000 1,351,350
Post Holdings, Inc.
        5.000%, 08/15/2026 (A) 1,590,000 1,510,500
        5.750%, 03/01/2027 (A) 1,355,000 1,338,063
Spectrum Brands, Inc.
        5.750%, 07/15/2025 1,730,000 1,764,600
22,097,321
Energy – 5.1%
Andeavor
        4.750%, 12/15/2023 1,800,000 1,869,472
Antero Midstream Partners LP
        5.375%, 09/15/2024 2,070,000 2,085,525
Antero Resources Corp.
        5.000%, 03/01/2025 1,755,000 1,759,388
        5.625%, 06/01/2023 1,825,000 1,861,500
Boardwalk Pipelines LP
        4.450%, 07/15/2027 800,000 777,266
Chesapeake Energy Corp.
        8.000%, 12/15/2022 (A) 633,000 667,815
Concho Resources, Inc.
        4.375%, 01/15/2025 1,295,000 1,311,428
Enbridge, Inc.
        4.250%, 12/01/2026 1,585,000 1,591,772
Enbridge, Inc. (6.000% to 1-15-27, then
        3 month LIBOR + 3.890%)
        01/15/2077 940,000 925,900
Energy Transfer Equity LP
        5.500%, 06/01/2027 1,520,000 1,523,800
        5.875%, 01/15/2024 969,000 1,000,493
Energy Transfer Partners LP
        4.750%, 01/15/2026 483,000 488,092
EnLink Midstream Partners LP
        4.150%, 06/01/2025 167,000 162,226
        4.850%, 07/15/2026 1,280,000 1,292,472
Indika Energy Capital III Pte, Ltd.
        5.875%, 11/09/2024 (A) 1,025,000 966,027
Newfield Exploration Company
        5.375%, 01/01/2026 650,000 671,125
        5.625%, 07/01/2024 1,635,000 1,724,925
Parsley Energy LLC
        5.375%, 01/15/2025 (A) 1,030,000 1,027,425
Pertamina Persero PT
        4.300%, 05/20/2023 (A) 1,410,000 1,422,610
Petroleos del Peru SA
        5.625%, 06/19/2047 (A) 697,000 695,432
Petroleos Mexicanos
        4.625%, 09/21/2023 1,710,000 1,711,727
        7.190%, 09/12/2024 (A) MXN 13,000,000 644,708
        7.650%, 11/24/2021 (A) 22,981,500 1,202,931
Plains All American Pipeline LP
        4.650%, 10/15/2025 $ 337,000 338,840
Saka Energi Indonesia PT
        4.450%, 05/05/2024 (A) 775,000 759,693
The Williams Companies, Inc.
        4.550%, 06/24/2024 1,060,000 1,067,388
TransCanada PipeLines, Ltd.
        4.875%, 01/15/2026 112,000 120,791
Williams Partners LP
        3.750%, 06/15/2027 1,055,000 1,007,943
30,678,714
Financials – 15.3%
American International Group, Inc.
        (8.175% to 5-15-38, then 3 month
        LIBOR + 4.195%) 05/15/2068 2,395,000 3,185,350
Ameris Bancorp (5.750% to 3-15-22,
        then 3 month LIBOR + 3.616%)
        03/15/2027 775,000 796,313

279



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

Shares or
Principal
      Amount       Value
CORPORATE BONDS (continued)
Financials (continued)
Asian Development Bank
       3.500%, 05/30/2024 NZD 920,000 $ 675,366
       4.625%, 03/06/2019 1,595,000 1,177,890
       5.000%, 03/09/2022 AUD 940,000 786,401
       6.450%, 08/08/2021 INR 92,050,000 1,404,286
       6.950%, 01/16/2020 26,220,000 404,487
Banc of California, Inc.
       5.250%, 04/15/2025 $ 625,000 629,188
Banco Nacional de Comercio Exterior
       SNC
       4.375%, 10/14/2025 (A) 1,205,000 1,214,038
Banco Nacional de Comercio Exterior
       SNC (3.800% to 8-11-21, then 5 Year
       CMT + 3.000%) 08/11/2026 (A) 255,000 249,900
Bank Nederlandse Gemeenten NV
       0.250%, 02/22/2023 to 06/07/2024 EUR 1,660,000 2,041,527
Bank of America Corp. (3 month LIBOR
       + 0.760%) 2.884%, 09/15/2026 (B) $ 2,190,000 2,082,353
Bank of the Ozarks, Inc. (5.500% to
       7-1-21, then 3 month LIBOR +
       4.425%) 07/01/2026 640,000 665,916
BankUnited, Inc.
       4.875%, 11/17/2025 1,175,000 1,208,625
BNC Bancorp (5.500% to 10-1-19, then
       3 month LIBOR + 3.590%)
       10/01/2024 500,000 509,081
Cadence BanCorp (6.500% to 3-11-20,
       then 3 month LIBOR + 4.663%)
       03/11/2025 (A) 500,000 515,000
CIT Group, Inc.
       5.500%, 02/15/2019 (A) 1,615,000 1,653,356
Citigroup, Inc. (3 month BBSW +
       1.550%) 3.320%, 05/04/2021 (B) AUD 1,487,000 1,161,898
CoBiz Financial, Inc. (5.625% to
       6-25-25, then 3 month LIBOR +
       3.170%) 06/25/2030 $ 280,000 294,000
ConnectOne Bancorp, Inc. (5.200% to
       2-1-23, then 3 month LIBOR +
       2.840%) 02/01/2028 340,000 346,295
Cullen/Frost Bankers, Inc.
       4.500%, 03/17/2027 390,000 401,352
DB Insurance Company, Ltd.
       3.512%, 05/25/2024 KRW 1,000,000,000 928,266
       3.865%, 05/25/2027 1,000,000,000 918,697
Dime Community Bancshares, Inc.
       (4.500% to 6-15-22, then 3 month
       LIBOR + 2.660%) 06/15/2027 $ 725,000 734,578
Discover Financial Services
       4.100%, 02/09/2027 855,000 847,582
Eagle Bancorp, Inc.
       5.750%, 09/01/2024 500,000 513,021
Eagle Bancorp, Inc. (5.000% to 8-1-21,
       then 3 month LIBOR + 3.850%)
       08/01/2026 415,000 423,773
European Financial Stability Facility
       0.125%, 10/17/2023 EUR 1,865,000 2,283,475
       0.500%, 01/20/2023 725,000 910,143
       1.875%, 05/23/2023 1,020,000 1,366,552
Fifth Third Bancorp (5.100% to 6-30-23,
       then 3 month LIBOR + 3.033%)
       06/30/2023 (C) $ 2,410,000 2,373,850
First Midwest Bancorp, Inc.
       5.875%, 09/29/2026 405,000 430,441
Flushing Financial Corp. (5.250% to
       12-15-21, then 3 month LIBOR +
       3.440%) 12/15/2026 $ 300,000 306,838
Heartland Financial USA, Inc.
       5.750%, 12/30/2024 505,000 513,588
Heritage Commerce Corp. (5.250% to
       6-1-22, then 3 month LIBOR +
       3.365%) 06/01/2027 280,000 286,148
Huntington Bancshares, Inc. (5.700% to
       4-15-23, then 3 month LIBOR +
       2.880%) 04/15/2023 (C) 795,000 798,975
Independent Bank Group, Inc.
       5.875%, 08/01/2024 945,000 973,826
Inter-American Development Bank
       3.750%, 10/09/2018 AUD 1,515,000 1,173,306
       6.500%, 08/20/2019 2,705,000 2,199,217
International Bank for Reconstruction &
       Development
       2.500%, 03/12/2020 1,015,000 783,045
       2.800%, 01/13/2021 1,185,000 919,330
       3.375%, 01/25/2022 NZD 2,927,000 2,158,172
       3.500%, 01/22/2021 2,460,000 1,820,350
       3.625%, 06/22/2020 NOK 7,100,000 949,364
       4.625%, 10/06/2021 NZD 2,400,000 1,842,543
International Finance Corp.
       2.800%, 08/15/2022 AUD 2,000,000 1,546,075
       3.625%, 05/20/2020 NZD 2,615,000 1,935,731
       6.450%, 10/30/2018 INR 136,280,000 2,098,659
JPMorgan Chase & Co.
       4.250%, 11/02/2018 NZD 3,255,000 2,373,892
JPMorgan Chase & Co. (3 month
       LIBOR + 1.000%) 2.839%,
       05/15/2077 (B) $ 1,040,000 923,083
KFW
       0.000%, 09/15/2023 EUR 415,000 506,043
       0.375%, 03/15/2023 845,000 1,055,682
       2.125%, 08/15/2023 1,945,000 2,646,093
       3.750%, 05/29/2020 NZD 1,100,000 815,493
       6.000%, 08/20/2020 AUD 2,925,000 2,435,345
Lakeland Bancorp, Inc. (5.125% to
       9-30-21, then 3 month LIBOR +
       3.970%) 09/30/2026 $ 405,000 414,619
Lions Gate Capital Holdings LLC
       5.875%, 11/01/2024 (A) 1,100,000 1,141,250
MGIC Investment Corp.
       5.750%, 08/15/2023 830,000 869,425
Nordic Investment Bank
       1.375%, 07/15/2020 NOK 9,740,000 1,243,730
       4.125%, 03/19/2020 NZD 1,740,000 1,298,086
OceanFirst Financial Corp. (5.125% to
       9-30-21, then 3 month LIBOR +
       3.920%) 09/30/2026 $ 220,000 225,335
Old Second Bancorp, Inc. (5.750% to
       12-31-21, then 3 month LIBOR +
       3.850%) 12/31/2026 317,000 329,823
Pacific Continental Corp. (5.875% to
       6-30-21, then 3 month LIBOR +
       4.715%) 06/30/2026 125,000 128,183
Pinnacle Bank (4.875% to 7-30-20, then
       3 month LIBOR + 3.128%)
       07/30/2025 365,000 372,841
Pinnacle Financial Partners, Inc. (5.250%
       to 11-16-21, then 3 month LIBOR +
       3.884%) 11/16/2026 (A) 320,000 328,595

280



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

Shares or
Principal
Amount       Value
CORPORATE BONDS (continued)
Financials (continued)
Radian Group, Inc.
       5.250%, 06/15/2020 $ 945,000 $ 974,531
Realkredit Danmark A/S
       2.000%, 04/01/2018 DKK 10,045,000 1,657,974
Renasant Corp. (5.000% to 9-1-21, then
       3 month LIBOR + 3.840%)
       09/01/2026 $ 330,000 337,733
Silver Queen Financial Services, Inc.
       (5.500% to 12-1-22, then 3 month
       LIBOR + 3.338%) 12/01/2027 (A) 330,000 333,909
Sprint Spectrum Company LLC
       4.738%, 03/20/2025 (A) 965,000 969,825
Stifel Financial Corp.
       4.250%, 07/18/2024 1,655,000 1,661,894
SunTrust Banks, Inc. (5.050% to
       6-15-22, then 3 month LIBOR +
       3.102%) 06/15/2022 (C) 1,275,000 1,267,031
Synovus Financial Corp. (5.750% to
       12-15-20, then 3 month LIBOR +
       4.182%) 12/15/2025 2,775,000 2,882,531
Temasek Financial I, Ltd.
       3.265%, 02/19/2020 SGD 1,250,000 973,556
The Goldman Sachs Group, Inc.
       1.375%, 05/15/2024 EUR 983,000 1,223,727
The Goldman Sachs Group, Inc. (3
       month LIBOR + 0.750%) 2.556%,
       02/23/2023 (B) $ 2,270,000 2,261,153
Towne Bank (4.500% to 7-30-22, then 3
       month LIBOR + 2.550%) 07/30/2027 635,000 646,730
U.S. Bancorp
       0.850%, 06/07/2024 EUR 615,000 751,495
Valley National Bancorp
       4.550%, 06/30/2025 $ 660,000 656,888
Wells Fargo & Company
       3.250%, 04/27/2022 AUD 1,120,000 859,689
Wells Fargo & Company (3 month
       BBSW + 1.320%) 3.100%,
       07/27/2021 (B) 935,000 727,919
Westpac Banking Corp.
       5.000%, 10/21/2019 GBP 375,000 555,862
       7.250%, 02/11/2020 AUD 700,000 583,313
WSFS Financial Corp. (4.500% to
       6-15-21, then 3 month LIBOR +
       3.300%) 06/15/2026 $ 1,040,000 1,057,976
Zions Bancorporation (5.800% to
       6-15-23, then 3 month LIBOR +
       3.800%) 06/15/2023 (C) 550,000 550,000
91,479,421
Health care – 2.0%
AbbVie, Inc.
       1.375%, 05/17/2024 EUR 948,000 1,180,064
Allergan Funding SCS
       1.250%, 06/01/2024 520,000 630,068
Anthem, Inc.
       3.500%, 08/15/2024 $ 655,000 642,015
HCA Healthcare, Inc.
       6.250%, 02/15/2021 1,897,000 1,991,850
HCA, Inc.
       4.500%, 02/15/2027 1,285,000 1,240,025
       5.000%, 03/15/2024 995,000 1,004,950
       7.500%, 02/15/2022 1,165,000 1,280,044
Quintiles IMS, Inc.
       4.875%, 05/15/2023 (A) 590,000 601,063
Teva Pharmaceutical Finance
       Netherlands II BV
       4.500%, 03/01/2025 (A) EUR 865,000 1,066,718
Teva Pharmaceutical Finance
       Netherlands III BV
       6.000%, 04/15/2024 (A) $ 1,480,000 1,436,702
Thermo Fisher Scientific, Inc.
       0.750%, 09/12/2024 EUR 750,000 905,259
11,978,758
Industrials – 3.6%
AECOM
       5.125%, 03/15/2027 $ 2,655,000 2,565,394
       5.875%, 10/15/2024 560,000 585,900
BOC Aviation, Ltd.
       2.750%, 09/18/2022 (A) 990,000 946,918
General Electric Company (5.000% to
       1-21-21, then 3 month LIBOR +
       3.330%) 01/21/2021 (C) 1,838,000 1,819,620
Jasa Marga Persero Tbk PT
       7.500%, 12/11/2020 (A) IDR 9,120,000,000 677,343
Lockheed Martin Corp.
       3.550%, 01/15/2026 $ 775,000 768,081
Mexico City Airport Trust
       3.875%, 04/30/2028 (A) 3,510,000 3,230,042
       4.250%, 10/31/2026 (A) 2,820,000 2,712,840
       5.500%, 10/31/2046 to 07/31/2047 (A) 6,020,000 5,491,086
Pelabuhan Indonesia II PT
       4.250%, 05/05/2025 (A) 920,000 901,600
Ritchie Bros Auctioneers, Inc.
       5.375%, 01/15/2025 (A) 440,000 440,000
Terex Corp.
       5.625%, 02/01/2025 (A) 150,000 150,188
United Rentals North America, Inc.
       5.500%, 05/15/2027 1,120,000 1,128,400
21,417,412
Information technology – 1.9%
Activision Blizzard, Inc.
       3.400%, 09/15/2026 855,000 835,075
Citrix Systems, Inc.
       4.500%, 12/01/2027 965,000 953,961
First Data Corp.
       5.000%, 01/15/2024 (A) 1,425,000 1,425,000
       5.375%, 08/15/2023 (A) 805,000 819,088
IBM Corp.
       2.750%, 12/21/2020 GBP 1,225,000 1,781,483
j2 Cloud Services LLC
       6.000%, 07/15/2025 (A) $ 790,000 808,763
Motorola Solutions, Inc.
       4.600%, 02/23/2028 640,000 643,784
NetApp, Inc.
       3.300%, 09/29/2024 1,085,000 1,054,862
NXP BV
       4.625%, 06/01/2023 (A) 1,600,000 1,628,480
Sixsigma Networks Mexico SA de CV
       8.250%, 11/07/2021 (A) 548,000 576,770
Travelport Corporate Finance PLC
       6.000%, 03/15/2026 (A) 900,000 903,375
11,430,641
Materials – 3.1%
Ball Corp.
       4.000%, 11/15/2023 1,720,000 1,677,000
       4.375%, 12/15/2020 820,000 833,325
       4.875%, 03/15/2026 1,120,000 1,122,912
       5.250%, 07/01/2025 1,960,000 2,018,800

281



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

Shares or
Principal
Amount       Value
CORPORATE BONDS (continued)
Materials (continued)
Cemex SAB de CV
       6.125%, 05/05/2025 (A) $ 1,135,000 $ 1,180,627
Cleveland-Cliffs, Inc.
       5.750%, 03/01/2025 (A) 1,225,000 1,169,875
Crown Americas LLC
       4.500%, 01/15/2023 1,860,000 1,846,050
Crown Cork & Seal Company, Inc.
       7.375%, 12/15/2026 1,021,000 1,138,415
Ecolab, Inc.
       1.000%, 01/15/2024 EUR 330,000 411,298
Sealed Air Corp.
       4.875%, 12/01/2022 (A) $ 1,190,000 1,201,900
       5.125%, 12/01/2024 (A) 965,000 981,791
       6.500%, 12/01/2020 (A) 1,390,000 1,473,400
Southern Copper Corp.
       3.875%, 04/23/2025 2,040,000 2,051,168
Vedanta Resources PLC
       6.375%, 07/30/2022 (A) 1,550,000 1,578,675
18,685,236
Real estate – 0.9%
Equinix, Inc.
       2.875%, 03/15/2024 EUR 705,000 860,696
       5.375%, 05/15/2027 $ 2,005,000 2,035,075
Kennedy-Wilson, Inc.
       5.875%, 04/01/2024 1,080,000 1,070,550
       5.875%, 04/01/2024 (A) 265,000 262,681
Trust F/1401
       5.250%, 12/15/2024 (A) 1,195,000 1,221,888
5,450,890
Telecommunication services – 0.8%
America Movil SAB de CV
       7.125%, 12/09/2024 MXN 15,990,000 821,321
CSC Holdings LLC
       5.500%, 04/15/2027 (A) $ 595,000 569,713
CyrusOne LP
       5.000%, 03/15/2024 685,000 685,856
T-Mobile USA, Inc.
       4.750%, 02/01/2028 645,000 620,006
       6.500%, 01/15/2026 1,250,000 1,328,125
       6.836%, 04/28/2023 985,000 1,019,475
5,044,496
Utilities – 1.9%
Broadcom Corp.
       3.500%, 01/15/2028 1,070,000 1,005,045
Emera US Finance LP
       3.550%, 06/15/2026 2,415,000 2,304,902
Emera, Inc. (6.750% to 6-15-26, then 3
       month LIBOR + 5.440%) 06/15/2076 1,495,000 1,614,600
Greenko Dutch BV
       5.250%, 07/24/2024 (A) 975,000 935,025
NextEra Energy Operating Partners LP
       4.250%, 09/15/2024 (A) 1,305,000 1,265,850
       4.500%, 09/15/2027 (A) 1,280,000 1,206,400
NRG Energy, Inc.
       6.625%, 01/15/2027 1,625,000 1,661,563
Perusahaan Listrik Negara PT
       4.125%, 05/15/2027 (A) 1,440,000 1,384,507
Southern Gas Networks PLC
       4.875%, 12/21/2020 GBP 80,000 121,980
11,499,872
TOTAL CORPORATE BONDS (Cost
$264,797,116) $ 264,008,421
 
CONVERTIBLE BONDS – 2.7%
Consumer discretionary – 0.6%
DISH Network Corp.
       3.375%, 08/15/2026 $ 430,000 414,176
Liberty Expedia Holdings, Inc.
       1.000%, 06/30/2047 (A) 1,177,000 1,136,851
Liberty Media Corp-Liberty Formula
       One
       1.000%, 01/30/2023 560,000 587,972
Live Nation Entertainment, Inc.
       2.500%, 03/15/2023 (A) 1,205,000 1,213,051
3,352,050
Consumer staples – 0.1%
Vector Group, Ltd.
       13.538%, 01/15/2019 (B) 510,000 729,297
Financials – 0.2%
Redwood Trust, Inc.
       4.625%, 04/15/2018 1,099,000 1,099,000
Health care – 0.9%
Anthem, Inc.
       2.750%, 10/15/2042 814,000 2,451,820
Bayer Capital Corp. BV
       5.625%, 11/22/2019 (A) EUR 1,200,000 1,506,661
Danaher Corp.
       0.000%, 01/22/2021 $ 440,000 1,648,019
5,606,500
Industrials – 0.2%
Air Lease Corp.
       3.875%, 12/01/2018 815,000 1,211,308
Information technology – 0.4%
Novellus Systems, Inc.
       2.625%, 05/15/2041 145,000 877,672
ON Semiconductor Corp.
       1.625%, 10/15/2023 (A) 680,000 930,414
Teradyne, Inc.
       1.250%, 12/15/2023 325,000 495,529
2,303,615
Telecommunication services – 0.1%
Liberty Interactive LLC
       1.750%, 09/30/2046 (A) 660,000 731,148
Utilities – 0.2%
NextEra Energy Partners LP
       1.500%, 09/15/2020 (A) 1,200,000 1,178,996
TOTAL CONVERTIBLE BONDS (Cost
$13,685,120) $ 16,211,914
 
CAPITAL PREFERRED SECURITIES – 1.8%
Financials – 1.8%
BAC Capital Trust XIII (Greater of 3
       month LIBOR + 0.400% or 4.000%)
       4.000%, 04/16/2018 (B)(C) 1,605,000 1,384,313
BAC Capital Trust XIV, Series G
       (Greater of 3 month LIBOR + 0.400%
       or 4.000%) 4.000%,
       04/16/2018 (B)(C) 1,115,000 956,113
First Maryland Capital I (3 month
       LIBOR + 1.000%) 2.720%,
       01/15/2027 (B) 1,046,000 993,700
First Maryland Capital II (3 month
       LIBOR + 0.850%) 2.623%,
       02/01/2027 (B) 1,220,000 1,159,000
ILFC E-Capital Trust I (1.550% +
       highest of 3 month LIBOR, 10 Year
       CMT, and 30 Year CMT) 4.640%,
       12/21/2065 (A)(B) 1,120,000 1,092,000

282



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

Shares or
Principal
Amount       Value
CAPITAL PREFERRED SECURITIES (continued)    
Financials (continued)
Mellon Capital IV (Greater of 3 month
       LIBOR + 0.565% or 4.000%) 4.000%,
       04/30/2018 (B)(C) $ 1,515,000 $ 1,371,545
USB Capital IX (Greater of 3 month
       LIBOR + 1.020% or 3.500%) 3.500%,
       04/30/2018 (B)(C) 2,381,000 2,150,162
Wachovia Capital Trust III (Greater of 3
       month LIBOR + 0.930% or 5.570%)
       5.570%, 04/30/2018 (B)(C) 1,387,000 1,381,868
10,488,701
TOTAL CAPITAL PREFERRED SECURITIES  
(Cost $10,338,826) $ 10,488,701
 
TERM LOANS (D) – 9.8%
Consumer discretionary – 3.3%
American Axle & Manufacturing, Inc. (1
       month LIBOR + 2.250%) 4.130%,
       04/06/2024 1,157,375 1,162,444
CBS Radio, Inc. (3 month LIBOR +
       2.750%) 4.623%, 11/17/2024 1,541,138 1,547,240
Cengage Learning, Inc. (1 month LIBOR
       + 4.250%) 6.036%, 06/07/2023 1,365,000 1,239,666
Charter Communications Operating LLC
       (1 month LIBOR + 2.000%) 3.880%,
       04/30/2025 2,653,350 2,662,186
Cinemark USA, Inc. (1 month LIBOR +
       2.000%) 3.750%, 05/09/2022 158,570 158,769
Four Seasons Hotels, Ltd. (1 month
       LIBOR + 2.000%) 3.877%,
       11/30/2023 2,064,360 2,074,682
Hilton Worldwide Finance LLC (1 month
       LIBOR + 2.000%) 3.872%,
       10/25/2023 1,224,523 1,230,413
Meredith Corp. (1 month LIBOR +
       3.000%) 4.877%, 01/31/2025 945,000 950,198
Neiman Marcus Group, Ltd. LLC
       10/25/2020 TBD (E) 1,705,000 1,469,352
New Red Finance, Inc. (1 and 3 month
       LIBOR + 2.250%) 4.294%,
       02/16/2024 2,935,593 2,936,210
Sinclair Television Group, Inc.
       12/12/2024 TBD (E) 1,145,000 1,149,294
The ServiceMaster Company LLC (1
       month LIBOR + 2.500%) 4.377%,
       11/08/2023 1,861,438 1,866,761
Virgin Media Bristol LLC (1 month
       LIBOR + 2.500%) 4.277%,
       01/15/2026 1,135,000 1,140,562
19,587,777
Consumer staples – 1.0%
Aramark Services, Inc. (1 month LIBOR
       + 2.000%)
       3.877%, 03/28/2024 to 03/11/2025 1,554,554 1,563,916
Revlon Consumer Products Corp. (1
       month LIBOR + 3.500%) 5.377%,
       09/07/2023 3,406,354 2,666,903
Spectrum Brands, Inc. (2 and 3 month
       LIBOR + 2.000%) 3.856%,
       06/23/2022 1,530,415 1,533,093
5,763,912
Energy – 0.2%
MEG Energy Corp. (3 month LIBOR +
       3.500%) 5.810%, 12/31/2023 356,250 356,072
Peabody Energy Corp. (1 month LIBOR
       + 3.500%) 5.377%, 03/31/2022 929,570 930,732
1,286,804
Financials – 0.1%
USI, Inc. (3 month LIBOR + 3.000%)
       5.302%, 05/16/2024 930,325 931,879
Health care – 0.3%
Catalent Pharma Solutions, Inc. (1 month
       LIBOR + 2.250%) 4.127%,
       05/20/2024 124,251 124,631
Grifols Worldwide Operations USA, Inc.
       (1 week LIBOR + 2.250%) 3.986%,
       01/31/2025 1,687,950 1,693,638
1,818,269
Industrials – 0.6%
AECOM (1 month LIBOR + 1.750%)
       3.627%, 02/22/2025 1,225,000 1,226,531
American Airlines, Inc. (1 month LIBOR
       + 2.000%) 3.877%, 04/28/2023 1,202,850 1,202,549
RBS Global, Inc. (1 month LIBOR +
       2.250%) 4.111%, 08/21/2024 440,744 443,058
StandardAero Aviation Holdings, Inc. (1
       month LIBOR + 3.750%) 5.630%,
       07/07/2022 363,138 366,032
United Airlines, Inc. (3 month LIBOR +
       2.000%) 3.772%, 04/01/2024 445,500 447,264
3,685,434
Information technology – 2.1%
Altran Technologies SA
       01/17/2025 TBD (E) EUR 420,000 515,822
Ascend Learning LLC (1 month LIBOR
       + 3.000%) 4.877%, 07/12/2024 $ 532,325 533,656
Avaya, Inc. (1 month LIBOR + 4.750%)
       6.536%, 12/15/2024 1,057,350 1,063,958
Dell International LLC (1 month LIBOR
       + 2.000%) 3.880%, 09/07/2023 1,582,037 1,583,350
First Data Corp. (1 month LIBOR +
       2.250%) 4.122%, 07/08/2022 2,005,655 2,008,363
Gartner, Inc. (1 month LIBOR +
       2.000%) 3.877%, 04/05/2024 757,350 760,667
Project Deep Blue Holdings LLC (3
       month LIBOR + 3.250%) 5.061%,
       02/12/2025 750,000 752,250
Rackspace Hosting, Inc. (3 month
       LIBOR + 3.000%) 4.787%,
       11/03/2023 338,296 336,868
RP Crown Parent LLC (1 month LIBOR
       + 3.000%) 4.877%, 10/12/2023 1,681,486 1,689,053
SS&C Technologies Holdings Europe
       Sarl
       02/28/2025 TBD (E) 275,000 276,232
SS&C Technologies, Inc.
       02/28/2025 TBD (E) 785,000 788,517
Uber Technologies, Inc.
       06/16/2025 TBD (E) 460,000 461,725
Vantiv LLC (1 month LIBOR + 2.000%)
       3.777%, 08/09/2024 920,000 924,434
Zebra Technologies Corp. (3 month
       LIBOR + 2.000%) 3.752%,
       10/27/2021 1,177,471 1,183,193
12,878,088

283



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

Shares or
Principal
Amount       Value
TERM LOANS (D) (continued)
Materials – 0.8%
Berry Global, Inc. (1 month LIBOR +
       2.000%)
       3.740%, 02/08/2020 to 01/19/2024 $ 2,955,098 $ 2,965,349
       3.823%, 10/01/2022 447,365 449,324
CROWN Americas LLC
       01/29/2025 TBD (E) 255,000 257,190
Crown European Holdings SA
       01/18/2025 TBD (E) EUR 250,000 309,535
HB Fuller Company (1 month LIBOR +
       2.250%) 4.072%, 10/20/2024 $ 761,175 764,509
4,745,907
Telecommunication services – 1.4%
CenturyLink, Inc. (1 month LIBOR +
       2.750%) 4.627%, 01/31/2025 862,838 847,919
Cogeco Communications USA II LP (1
       month LIBOR + 2.375%) 4.252%,
       01/03/2025 1,195,000 1,195,669
Sable International Finance, Ltd. (1
       month LIBOR + 3.250%) 5.127%,
       01/30/2026 1,425,000 1,428,563
SBA Senior Finance II LLC (1 week
       LIBOR + 2.250%) 3.990%,
       03/24/2021 1,959,551 1,963,333
Sprint Communications, Inc. (1 month
       LIBOR + 2.500%) 4.438%,
       02/02/2024 1,930,500 1,929,689
West Corp. (1 month LIBOR + 4.000%)
       5.877%, 10/10/2024 822,500 829,581
8,194,754
TOTAL TERM LOANS (Cost $58,947,048) $ 58,892,824
 
COLLATERALIZED MORTGAGE
OBLIGATIONS – 5.0%
Commercial and residential – 4.5%
Adjustable Rate Mortgage Trust
       Series 2004-5, Class 2A1
       3.636%, 04/25/2035 (F) 279,780 284,559
Americold LLC
       Series 2010-ARTA, Class D
       7.443%, 01/14/2029 (A) 645,000 696,412
BBCMS Mortgage Trust
       Series 2018-TALL, Class E (1 month
       LIBOR + 2.437%)
       4.214%, 03/15/2037 (A)(B) 815,000 812,490
Bear Stearns Adjustable Rate Mortgage
       Trust
       Series 2004-10, Class 12A3
       3.580%, 01/25/2035 (F) 235,099 237,424
Bear Stearns ALT-A Trust
       Series 2004-12, Class 1A1 (1 month
              LIBOR + 0.700%),
              2.572%, 01/25/2035 (B) 143,832 143,794
       Series 2004-13, Class A1 (1 month
              LIBOR + 0.740%),
              2.612%, 11/25/2034 (B) 156,100 156,138
       Series 2004-8, Class 1A (1 month
              LIBOR + 0.700%),
              2.572%, 09/25/2034 (B) 96,192 96,219
BX Commercial Mortgage Trust
       Series 2018-BIOA, Class E (1 month
       LIBOR + 1.951%)
       3.601%, 03/15/2037 (A)(B) 1,040,000 1,032,846
BXP Trust
       Series 2017-CC, Class C,
              3.552%, 08/13/2037 (A)(F) 565,000 550,547
       Series 2017-GM, Class D,
              3.425%, 06/13/2039 (A)(F) 1,220,000 1,158,489
CGDB Commercial Mortgage Trust
       Series 2017-BIO, Class E (1 month
       LIBOR + 2.500%)
       4.277%, 05/15/2030 (A)(B) 115,000 115,603
CGDBB Commercial Mortgage Trust
       Series 2017-BIO, Class D (1 month
       LIBOR + 1.600%)
       3.377%, 07/15/2032 (A)(B) 195,000 195,183
Chase Mortgage Finance Trust
       Series 2007-A1, Class 2A1
       3.677%, 02/25/2037 (F) 92,693 93,516
CLNS Trust
       Series 2017-IKPR, Class C (1 month
       LIBOR + 1.100%)
       2.840%, 06/11/2032 (A)(B) 675,000 675,644
Cold Storage Trust
       Series 2017-E3, Class C (1 month
       LIBOR + 1.350%)
       3.127%, 04/15/2036 (A)(B) 775,000 777,951
Commercial Mortgage Trust (Bank of
       America Merrill Lynch/ Deutsche
       Bank AG)
       Series 2013-WWP, Class D
       3.898%, 03/10/2031 (A) 290,000 301,848
Commercial Mortgage Trust (Deutsche
       Bank AG)
       Series 2014-TWC, Class D (1 month
       LIBOR + 2.250%)
       3.968%, 02/13/2032 (A)(B) 665,000 667,750
Commercial Mortgage Trust (Deutsche
       Bank AG/Morgan Stanley)
       Series 2014-PAT, Class E (1 month
       LIBOR + 3.150%)
       4.868%, 08/13/2027 (A)(B) 361,000 365,190
Core Industrial Trust
       Series 2015-CALW, Class F
       3.850%, 02/10/2034 (A)(F) 695,000 678,056
Credit Suisse Commercial Mortgage
       Trust
       Series 2015-GLPB, Class A
       3.639%, 11/15/2034 (A) 680,000 694,308
DSLA Mortgage Loan Trust
       Series 2004-AR1 Class X2 IO,
              1.403%, 09/19/2044 2,001,735 69,830
       Series 2005-AR2, Class X2 IO,
              1.449%, 03/19/2045 3,406,310 108,979
GAHR Commercial Mortgage Trust
       Series 2015-NRF, Class EFX
       3.382%, 12/15/2034 (A)(F) 800,000 790,344
GRACE Mortgage Trust
       Series 2014-GRCE, Class F
       3.590%, 06/10/2028 (A)(F) 600,000 589,185
Greenwich Capital Commercial Funding
       Corp.
       Series 2006-GG7, Class AM
       5.736%, 07/10/2038 (F) 31,094 31,095
GS Mortgage Securities Corp. II
       Series 2018-CHLL, Class F (1 month
       LIBOR + 3.330%)
       4.888%, 02/15/2037 (A)(B) 280,000 280,095

284



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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)
GSR Mortgage Loan Trust
       Series 2004-5, Class 2A1
       3.786%, 05/25/2034 (F) $ 450,011 $ 457,124
HarborView Mortgage Loan Trust
       Series 2004-5, Class 2A-6,
              3.238%, 06/19/2034 (F) 196,057 196,948
       Series 2004-7, Class 4A,
              3.760%, 11/19/2034 (F) 321,380 329,869
       Series 2005-2, Class X IO,
              1.471%, 05/19/2035 1,318,726 53,832
       Series 2005-9, Class 2A1A (1 month
              LIBOR + 0.340%),
              2.162%, 06/20/2035 (B) 317,474 310,907
       Series 2005-9, Class 2A1C (1 month
              LIBOR + 0.450%),
              2.272%, 06/20/2035 (B) 215,622 214,606
       Series 2007-3, Class ES IO,
              0.350%, 05/19/2047 (A) 7,729,401 111,831
       Series 2007-4, Class ES IO,
              0.350%, 07/19/2047 8,127,386 141,203
       Series 2007-6, Class ES IO,
              0.353%, 08/19/2037 (A) 6,640,323 105,148
IMT Trust
       Series 2017-A3, Class EFL (1 month
       LIBOR + 2.150%)
       3.927%, 06/15/2034 (A)(B) 325,000 325,503
IndyMac Index Mortgage Loan Trust
       Series 2005-AR18, Class 1X IO,
              1.631%, 10/25/2036 5,371,013 286,269
       Series 2005-AR18, Class 2X IO,
              1.335%, 10/25/2036 12,990,326 181,640
Merrill Lynch Mortgage Investors Trust
       Series 2004-1, Class 2A1,
              3.330%, 12/25/2034 (F) 118,382 119,143
       Series 2005-A2, Class A2,
              3.525%, 02/25/2035 (F) 250,686 255,885
       Series 2005-A8, Class A2A (1 month
              LIBOR + 0.270%),
              2.142%, 08/25/2036 (B) 1,014,046 990,190
       Series 2006-3, Class 2A1,
              3.484%, 10/25/2036 (F) 158,657 157,330
Morgan Stanley Capital I Trust
       Series 2014-150E, Class F,
              4.295%, 09/09/2032 (A)(F) 695,000 669,443
       Series 2017-CLS, Class D (1 month
              LIBOR + 1.400%),
              3.177%, 11/15/2034 (A)(B) 370,000 370,910
Morgan Stanley Mortgage Loan Trust
       Series 2004-8AR, Class 4A1,
              3.588%, 10/25/2034 (F) 259,322 263,999
       Series 2004-9, Class 1A,
              5.405%, 11/25/2034 (F) 162,589 169,980
MSCG Trust
       Series 2016-SNR, Class D
       6.550%, 11/15/2034 (A) 405,000 405,159
MSDB Trust
       Series 2017-712F, Class B
       3.453%, 07/11/2039 (A)(F) 785,000 769,887
Olympic Tower Mortgage Trust
       Series 2017-OT, Class A
       3.566%, 05/10/2039 (A) 595,000 595,831
One Market Plaza Trust
       Series 2017-1MKT, Class D
       4.145%, 02/10/2032 (A) 275,000 272,546
Opteum Mortgage Acceptance Corp.
       Trust
       Series 2005-4, Class 1APT (1 month
       LIBOR + 0.310%)
       2.182%, 11/25/2035 (B) 161,282 159,804
Queens Center Mortgage Trust
       Series 2013-QCA, Class D
       3.474%, 01/11/2037 (A)(F) 540,000 522,006
SFAVE Commercial Mortgage Securities
       Trust
       Series 2015-5AVE, Class D
       4.388%, 01/05/2043 (A)(F) 635,000 527,511
Structured Asset Securities Corp.
       Series 2003-7A, Class 3A6
       3.462%, 12/25/2033 (F) 187,486 186,168
Thornburg Mortgage Securities Trust
       Series 2007-4, Class 1A1
       3.334%, 09/25/2037 (F) 485,962 489,778
Verus Securitization Trust
       Series 2018-1, Class A1
       2.929%, 02/25/2048 (A)(F) 628,924 628,882
VNDO Trust
       Series 2016-350P, Class D
       3.903%, 01/10/2035 (A)(F) 999,000 971,936
WaMu Mortgage Pass
       Through Certificates
       Series 2004-AR14, Class A1,
              3.447%, 01/25/2035 (F) 275,029 281,017
       Series 2005-AR19, Class A1A2 (1
              month LIBOR + 0.290%),
              2.162%, 12/25/2045 (B) 366,218 357,866
       Series 2005-AR2, Class 2A1B (1
              month LIBOR + 0.370%),
              1.991%, 01/25/2045 (B) 437,528 429,308
       Series 2005-AR2, Class 2A2B (1
              month LIBOR + 0.380%),
              2.001%, 01/25/2045 (B) 302,242 296,890
       Series 2005-AR3, Class A2,
              3.644%, 03/25/2035 (F) 270,605 273,614
       Series 2005-AR6, Class 2A1A (1
              month LIBOR + 0.460%),
              2.332%, 04/25/2045 (B) 616,316 605,429
       Series 2005-AR8, Class 2AB2 (1
              month LIBOR + 0.840%),
              2.712%, 07/25/2045 (B) 327,294 324,770
       Series 2005-AR8, Class 2AB3 (1
              month LIBOR + 0.720%),
              2.592%, 07/25/2045 (B) 320,344 315,867
Wells Fargo Commercial Mortgage Trust
       Series 2013-BTC, Class E
       3.550%, 04/16/2035 (A)(F) 380,000 359,861
Wells Fargo Mortgage Backed Securities
       Trust
       Series 2004-Z, Class 2A1
       3.738%, 12/25/2034 (F) 185,720 189,004
Worldwide Plaza Trust
       Series 2017-WWP, Class D
       3.596%, 11/10/2036 (A)(F) 645,000 609,852
26,888,241

285



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

Shares or
Principal
      Amount       Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
U.S. Government Agency – 0.5%
Federal Home Loan Mortgage Corp.
       Series 2014-DN2, Class M2 (1 month
              LIBOR + 1.650%),
              3.522%, 04/25/2024 (B) $ 244,430 $ 247,996
       Series 2015-DNA1, Class M2 (1
              month LIBOR + 1.850%),
              3.722%, 10/25/2027 (B) 365,000 372,570
       Series 2015-DNA1, Class M3 (1
              month LIBOR + 3.300%),
              5.172%, 10/25/2027 (B) 300,000 333,954
       Series 2016-A3, Class M1 (1 month
              LIBOR + 0.800%),
              2.672%, 03/25/2029 (B) 290,477 291,059
       Series 292, Class IO,
              3.500%, 11/15/2027 579,685 61,559
       Series 304, Class C42 IO,
              4.000%, 12/15/2027 739,418 57,489
Federal National Mortgage Association
       Series 2012-118, Class AI IO,
              3.500%, 11/25/2037 820,925 92,207
       Series 2013-39, Class KI IO,
              4.000%, 05/25/2028 1,091,730 115,629
       Series 2014-C02, Class 1M1 (1 month
              LIBOR + 0.950%),
              2.822%, 05/25/2024 (B) 70,879 71,094
       Series 2014-C03, Class 1M1 (1 month
              LIBOR + 0.950%),
              2.822%, 10/25/2029 (B) 1,121,737 1,128,054
       Series 402, Class 3 IO,
              4.000%, 11/25/2039 141,774 28,490
       Series 402, Class 4 IO,
              4.000%, 10/25/2039 137,032 27,732
       Series 402, Class 7 IO,
              4.500%, 11/25/2039 151,989 32,771
       Series 406, Class 3 IO,
              4.000%, 01/25/2041 149,646 31,817
       Series 407, Class 4 IO,
              4.500%, 03/25/2041 263,544 60,926
       Series 407, Class 7 IO,
              5.000%, 03/25/2041 632,098 141,930
       Series 407, Class 8 IO,
              5.000%, 03/25/2041 328,712 73,300
3,168,577
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS    
(Cost $29,761,062) $ 30,056,818
 
ASSET BACKED SECURITIES – 4.1%
Aames Mortgage Investment Trust
       Series 2005-4, Class M2 (1 month
       LIBOR + 0.735%)
       2.606%, 10/25/2035 (B) 534,163 536,327
Accredited Mortgage Loan Trust
       Series 2005-2ACCR, Class M2 (1
       month LIBOR + 0.660%)
       2.532%, 07/25/2035 (B) 181,276 181,653
Aegis Asset Backed Securities Trust
       Series 2005-2, Class M2 (1 month
       LIBOR + 0.440%)
       2.312%, 06/25/2035 (B) 249,325 247,103
Bravo Mortgage Asset Trust
       Series 2006-1A, Class A2 (1 month
       LIBOR + 0.240%)
       2.112%, 07/25/2036 (A)(B) 559,803 558,021
Chase Issuance Trust
       Series 2015-A7, Class A7
       1.620%, 07/15/2020 430,000 429,005
CKE Restaurant Holdings, Inc.
       Series 2013-1A, Class A2
       4.474%, 03/20/2043 (A) 1,951,758 1,958,956
Coinstar Funding LLC
       Series 2017-1A, Class A2
       5.216%, 04/25/2047 (A) 1,781,538 1,829,723
DB Master Finance LLC
       Series 2015-1A, Class A2II
              3.980%, 02/20/2045 (A) 2,609,300 2,631,844
       Series 2017-1A, Class A2I
              3.629%, 11/20/2047 (A) 518,700 516,371
Domino’s Pizza Master Issuer LLC
       Series 2015-1A, Class A2II
              4.474%, 10/25/2045 (A) 1,871,663 1,947,053
       Series 2017-1A, Class A2I (3 month
              LIBOR + 1.250%)
              2.995%, 07/25/2047 (A)(B) 2,044,725 2,061,655
Driven Brands Funding LLC
       Series 2015-1A, Class A2
       5.216%, 07/20/2045 (A) 474,088 487,177
First Franklin Mortgage Loan Trust
       Series 2005-FF7, Class M2 (1 month
       LIBOR + 0.470%)
       2.342%, 07/25/2035 (B) 335,151 336,054
FOCUS Brands Funding LLC
       Series 2017-1A, Class A2II
       5.093%, 04/30/2047 (A) 605,425 624,538
GSAA Home Equity Trust
       Series 2005-MTR1, Class A4 (1
       month LIBOR + 0.370%)
       2.242%, 10/25/2035 (B) 502,549 497,733
Home Equity Asset Trust
       Series 2003-1, Class M1 (1 month
       LIBOR + 1.500%)
       3.372%, 06/25/2033 (B) 151,595 155,185
METAL LLC
       Series 2017-1, Class A
       4.581%, 10/15/2042 (A) 1,039,636 1,039,732
New Century Home Equity Loan Trust
       Series 2005-1, Class M1 (1 month
       LIBOR + 0.675%)
       2.546%, 03/25/2035 (B) 760,000 759,232
Option One Mortgage Loan Trust
       Series 2005-2, Class M1 (1 month
       LIBOR + 0.660%)
       2.532%, 05/25/2035 (B) 585,095 586,723
RASC Trust
       Series 2005-KS7, Class M4 (1 month
       LIBOR + 0.870%)
       2.742%, 08/25/2035 (B) 340,000 341,991
Saxon Asset Securities Trust
       Series 2006-2, Class A3C (1 month
       LIBOR + 0.150%)
       2.022%, 09/25/2036 (B) 734,653 730,876
Specialty Underwriting & Residential
       Finance Trust
       Series 2006-BC 1, Class A2D (1
       month LIBOR + 0.300%)
       2.172%, 12/25/2036 (B) 261,214 261,466
Structured Asset Investment Loan Trust
       Series 2005-2, Class M2 (1 month
       LIBOR + 0.735%)
       2.606%, 03/25/2035 (B) 703,833 704,911

286



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

Shares or
Principal
      Amount       Value
ASSET BACKED SECURITIES (continued)  
Taco Bell Funding LLC
       Series 2016-1A, Class A23
       4.970%, 05/25/2046 (A) $ 1,787,375 $ 1,862,516
Towd Point Mortgage Trust
       Series 2015-6, Class M2
       3.750%, 04/25/2055 (A)(F) 625,000 631,378
Verizon Owner Trust
       Series 2017-1A, Class A
       2.060%, 09/20/2021 (A) 615,000 608,958
Wendys Funding LLC
       Series 2015-1A, Class A2II
       4.080%, 06/15/2045 (A) 1,521,000 1,542,568
Wendy’s Funding LLC
       Series 2018-1A, Class A2I
       3.573%, 03/15/2048 (A) 533,663 527,173
TOTAL ASSET BACKED SECURITIES (Cost  
$24,083,123) $ 24,595,922
 
COMMON STOCKS – 3.2%
Consumer discretionary – 0.0%
Vertis Holdings, Inc. (G)(H) 8,371 0
Financials – 3.1%
American Express Company 6,645 619,846
BankUnited, Inc. 15,724 628,646
Capital One Financial Corp. 14,645 1,403,284
Comerica, Inc. 12,670 1,215,433
Commerce Bancshares, Inc. 20,994 1,257,751
Community Bank System, Inc. 17,366 930,123
Cullen/Frost Bankers, Inc. 13,755 1,458,993
First Republic Bank 7,630 706,614
Glacier Bancorp, Inc. 21,152 811,814
Investors Bancorp, Inc. 33,647 458,945
JPMorgan Chase & Co. 19,204 2,111,864
MB Financial, Inc. 15,567 630,152
Park National Corp. 7,109 737,630
SVB Financial Group (H) 3,464 831,395
Synovus Financial Corp. 37,548 1,875,147
The PNC Financial Services Group, Inc. 11,510 1,740,772
Western Alliance Bancorp (H) 21,085 1,225,249
18,643,658
Industrials – 0.1%
HC2 Holdings, Inc. (H) 88,710 466,615
TOTAL COMMON STOCKS (Cost $14,564,364)   $ 19,110,273
 
PREFERRED SECURITIES – 5.3%
Energy – 0.5%
Hess Corp., 8.000% 16,450 979,762
Kinder Morgan, Inc., 9.750% 72,556 2,255,766
3,235,528
Financials – 3.0%
First Republic Bank, 5.125% 28,400 708,012
First Republic Bank, 5.500% 22,976 584,280
First Tennessee Bank NA (Greater of 3
       month LIBOR + 0.850% or 3.750%),
       3.750% (A)(B) 2,315 1,782,550
IBERIABANK Corp. (6.600% to 5-1-26,
       then 3 month LIBOR + 4.920%) 11,376 310,451
M&T Bank Corp., Series A, 6.375% 940 958,800
MB Financial, Inc., 6.000% 19,575 491,137
People’s United Financial, Inc. (5.625%
       to 12-15-26, then 3 month LIBOR +
       4.020%) 48,725 1,273,672
Regions Financial Corp., 6.375% 49,955 1,272,853
Stifel Financial Corp., 5.200% 55,425 1,366,226
SunTrust Banks, Inc. (Greater of 3
       month LIBOR + 0.530% or 4.000%),
       4.000% (B) 24,525 594,977
The Hartford Financial Services
       Group, Inc. (7.875% to 4-15-22, then
       3 month LIBOR + 5.596%) 50,575 1,484,376
U.S. Bancorp (6.500% to 1-15-22, then 3
       month LIBOR + 4.468%) 32,350 903,536
U.S. Bancorp (Greater of 3 month
       LIBOR + 1.020% or 3.500%),
       3.500% (B) 2,829 2,602,680
Valley National Bancorp (5.500% to
       9-30-22, then 3 month LIBOR +
       3.578%) 22,825 589,342
Valley National Bancorp (6.250% to
       6-30-25, then 3 month LIBOR +
       3.850%) 26,533 732,576
Wells Fargo & Company (5.850% to
       9-15-23, then 3 month LIBOR +
       3.090%) 27,605 725,735
Wells Fargo & Company (6.625% to
       3-15-24, then 3 month LIBOR +
       3.690%) 20,076 560,723
Wells Fargo & Company, Series L,
       7.500% 368 474,720
Zions Bancorporation (6.950% to
       9-15-23, then 3 month LIBOR +
       3.890%) 22,575 636,389
18,053,035
Health care – 0.3%
Becton, Dickinson and Company,
       6.125% 28,695 1,676,649
Industrials – 0.3%
Rexnord Corp., 5.750% 24,215 1,556,540
Stanley Black & Decker, Inc., 5.375% 3,200 367,776
1,924,316
Real estate – 0.3%
Crown Castle International Corp.,
       Series A, 6.875% 1,410 1,569,353
Utilities – 0.9%
Dominion Energy, Inc., 6.750% 28,680 1,331,039
NextEra Energy, Inc., 6.123% 45,105 2,600,754
NextEra Energy, Inc., 6.371% 15,015 1,091,891
SCE Trust VI, 5.000% 16,425 371,862
5,395,546
TOTAL PREFERRED SECURITIES (Cost $31,296,757) $ 31,854,427
 
WARRANTS – 0.4%
JPMorgan Chase & Co. (Expiration
       Date: 10-28-18; Strike Price:
       $41.97) (H) 9,050 629,428
SunTrust Banks, Inc. (Expiration
       Date: 11-14-18; Strike Price:
       $44.15) (H) 30,653 611,527
The PNC Financial Services Group, Inc.
       (Expiration Date: 12-31-18; Strike
       Price: $67.33) (H) 7,800 655,356
Wells Fargo & Company (Expiration
       Date: 10-28-18; Strike Price:
       $33.76) (H) 20,400 391,680
TOTAL WARRANTS (Cost $1,645,283) $ 2,287,991

287



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

Shares or      
Principal
Amount Value
PURCHASED OPTIONS – 0.4%
Calls – 0.2%
Over the Counter Option on the EUR vs.
       USD (Expiration Date: 1-11-19; Strike
       Price: EUR 1.28;
       Counterparty: Citibank N.A.) (H)(I) 26,910,000 $ 627,958
Over the Counter Option on the EUR vs.
       USD (Expiration Date: 12-31-18;
       Strike Price: EUR 1.28;
       Counterparty: U.S. Bank N.A.) (H)(I) 13,960,000 310,647
Over the Counter Option on the EUR vs.
       USD (Expiration Date: 1-23-19; Strike
       Price: EUR 1.28;
       Counterparty: Citibank N.A.) (H)(I) 13,470,000 327,737
Over the Counter Option on the EUR vs.
       USD (Expiration Date: 1-25-19; Strike
       Price: EUR 1.34;
       Counterparty: Goldman Sachs &
       Company) (H)(I) 13,515,000 138,857
Over the Counter Option on the EUR vs.
       USD (Expiration Date: 2-1-19; Strike
       Price: EUR 1.36;
       Counterparty: Goldman Sachs &
       Company) (H)(I) 16,998,915 147,690
1,552,889
Puts – 0.2%
Over the Counter Option on the EUR vs.
       JPY (Expiration Date: 9-28-18; Strike
       Price: EUR 120.00;
       Counterparty: Citibank N.A.) (H)(I) 16,781,035 92,669
Over the Counter Option on the GBP vs.
       USD (Expiration Date: 6-29-18; Strike
       Price: GBP 1.24;
       Counterparty: Goldman Sachs &
       Company) (H)(I) 17,235,000 2,152
Over the Counter Option on the USD vs.
       CAD (Expiration Date: 2-13-19; Strike
       Price: $1.19; Counterparty: Goldman
       Sachs & Company) (H)(I) 33,840,000 203,480
Over the Counter Option on the USD vs.
       CAD (Expiration Date: 3-20-19; Strike
       Price: $1.23; Counterparty: U.S. Bank
       NA) (H)(I) 20,107,450 284,963
Over the Counter Option on the USD vs.
       CAD (Expiration Date: 3-6-19; Strike
       Price: $1.22; Counterparty: Australia
       and New Zealand Banking
       Group) (H)(I) 20,255,000 216,870
Over the Counter Option on the USD vs.
       CAD (Expiration Date: 9-7-18; Strike
       Price: $1.25; Counterparty: Goldman
       Sachs & Company) (H)(I) 15,330,000 138,323
Over the Counter Option on the USD vs.
       JPY (Expiration Date: 9-12-18; Strike
       Price: $100.50;
       Counterparty: Goldman Sachs &
       Company) (H)(I) 16,910,000 146,018
1,084,475
TOTAL PURCHASED OPTIONS (Cost $3,763,471) $ 2,637,364
         
SHORT-TERM INVESTMENTS – 1.7%
U.S. Government Agency – 1.2%
Federal Agricultural Mortgage Corp.
       Discount Note
       1.500%, 04/02/2018 * $ 622,000 621,974
Federal Home Loan Bank Discount Note
       1.200%, 04/02/2018 * 4,272,000 4,271,858
       1.400%, 04/02/2018 * 2,433,000 2,432,905
  7,326,737
Repurchase agreement – 0.5%
Barclays Tri-Party Repurchase
       Agreement dated 3-29-18 at 1.750%
       to be repurchased at $840,163 on
       4-2-18, collateralized by $872,800
       U.S. Treasury Notes, 1.875% due
       4-30-22 (valued at $857,034,
       including interest) 840,000 $ 840,000
Repurchase Agreement with State Street
       Corp. dated 3-29-18 at 0.740% to be
       repurchased at $2,007,165 on 4-2-18,
       collateralized by $1,995,000
       U.S. Treasury Notes, 3.625% due
       2-15-20 (valued at $2,052,007,
       including interest) 2,007,000 $ 2,007,000
  2,847,000
TOTAL SHORT-TERM INVESTMENTS (Cost $10,173,737) $ 10,173,737
Total Investments (Strategic Income Opportunities Trust)
       (Cost $594,893,100) – 99.8% $ 598,463,352
Other assets and liabilities, net – 0.2% 968,422
TOTAL NET ASSETS – 100.0% $ 599,431,774

Currency Abbreviations

AUD           Australian Dollar
BRL Brazilian Real
CAD Canadian Dollar
COP Colombian Peso
DKK Danish Krone
EUR Euro
GBP Pound Sterling
IDR Indonesian Rupiah
INR Indian Rupee
JPY Japanese Yen
KRW Korean Won
MXN Mexican Peso
MYR Malaysian Ringgit
NOK Norwegian Krone
NZD New Zealand Dollar
PHP Philippine Peso
SGD Singapore Dollar

Security Abbreviations and Legend

BBSW         Bank Bill Swap Rate
CMT Constant Maturity Treasury
IO Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
LIBOR London Interbank Offered Rate
(A) 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. Rule 144A securities amounted to $150,839,479 or 25.2% of the fund’s net assets as of 3-31-18.
(B) Variable rate obligation. The coupon rate shown represents the rate at period end.
(C) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.

288



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

(D)              

Term loans are variable rate obligations. The coupon rate shown represents the rate at period end.

(E)

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).

(F)

Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end.

(G)

Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(H)

Non-income producing security.

(I)

For this type of option, notional amounts are equivalent to number of contracts.

*

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.

DERIVATIVES

FUTURES

                                    Unrealized
Number of Expiration Notional Notional appreciation
Open contracts contracts Position date basis* value* (depreciation)
2-Year U.S. Treasury Note Futures 169 Long Jun 2018 $35,933,564 $35,930,985 $(2,579 )
10-Year U.S. Treasury Note Futures 314 Short Jun 2018 (37,733,373 ) (38,038,156 ) (304,783 )
10-Year Ultra U.S. Treasury Bond Futures 71 Short Jun 2018 (9,106,143 ) (9,220,016 ) (113,873 )
5-Year U.S. Treasury Note Futures 383 Short Jun 2018 (43,697,228 ) (43,838,539 ) (141,311 )
German Euro BUND Futures 144 Short Jun 2018 (27,802,380 ) (28,248,566 ) (446,186 )
U.S. Treasury Long Bond Futures 111 Short Jun 2018 (16,146,158 ) (16,275,375 ) (129,217 )
$(1,137,949 )

* Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

FORWARD FOREIGN CURRENCY CONTRACTS

Contractual            
settlement Unrealized Unrealized
Contract to buy Contract to sell Counterparty (OTC) date appreciation depreciation
AUD        16,565,000        USD        12,896,469        Citibank N.A. 6/20/2018 — ($171,369 )
AUD 3,330,000 USD 2,600,214 Standard Chartered Bank 6/20/2018 — (42,135 )
AUD 20,215,000 USD 15,909,098 U.S. Bank 6/20/2018 — (380,097 )
BRL 37,334,369 USD 11,517,621 State Street Bank and Trust Company 6/20/2018 — (283,857 )
CAD 12,121,440 GBP 6,635,000 Citibank N.A. 6/20/2018 $83,567 —
CAD 9,403,873 USD 7,230,000 Bank of Montreal 6/20/2018 79,854 —
CAD 51,439,139 USD 39,971,589 Royal Bank of Canada 6/20/2018 13,277 —
CAD 16,992,233 USD 13,186,667 State Street Bank and Trust Company 6/20/2018 21,801 —
CAD 107,170,764 USD 83,165,000 Toronto Dominion Bank 6/20/2018 141,385 —
CLP 4,065,540,500 USD 6,766,183 Citibank N.A. 6/20/2018 — (35,477 )
EUR 6,690,000 USD 8,358,352 Citibank N.A. 6/20/2018 — (79,853 )
GBP 289,002 USD 408,442 HSBC Bank USA 6/20/2018 — (1,672 )
GBP 6,635,000 USD 9,360,585 State Street Bank and Trust Company 6/20/2018 — (21,868 )
JPY 1,768,368,000 USD 16,625,000 Royal Bank of Canada 6/20/2018 79,998 —
MXN 63,275,622 USD 3,335,000 Citibank N.A. 6/20/2018 103,635 —
MXN 113,910,051 USD 5,985,000 Goldman Sachs Bank USA 6/20/2018 205,300 —
MXN 123,941,948 USD 6,615,000 State Street Bank and Trust Company 6/20/2018 120,470 —
MXN 62,700,190 USD 3,325,000 Toronto Dominion Bank 6/20/2018 82,364 —
NOK 31,915,703 EUR 3,285,000 Citibank N.A. 6/20/2018 16,358 —
NOK 52,895,000 SEK 55,798,768 Citibank N.A. 6/20/2018 43,268 —
NOK 166,520,000 SEK 175,134,080 State Street Bank and Trust Company 6/20/2018 199,731 —
NZD 17,718,351 USD 12,901,879 Australia and New Zealand Banking Group 6/20/2018 — (100,105 )
NZD 8,568,584 USD 6,209,600 Goldman Sachs Bank USA 6/20/2018 — (18,669 )
NZD 7,976,558 USD 5,740,184 HSBC Bank USA 6/20/2018 22,998 —
SEK 36,160,000 EUR 3,597,818 JPMorgan Chase Bank N.A. 6/20/2018 — (96,657 )
SEK 84,080,302 NOK 79,350,000 Citibank N.A. 6/20/2018 — (19,832 )
SEK 29,314,658 NOK 27,565,000 HSBC Bank USA 6/20/2018 5,930 —
SGD 303,800 USD 231,263 State Street Bank and Trust Company 6/20/2018 859 —
USD 3,941,302 AUD 4,990,000 Australia and New Zealand Banking Group 6/20/2018 108,024 —
USD 7,882,260 AUD 9,990,000 Citibank N.A. 6/20/2018 208,022 —
USD 4,037,581 AUD 5,120,000 U.S. Bank 6/20/2018 104,438 —
USD 56,641,667 CAD 73,555,679 Bank of Nova Scotia 6/20/2018 — (534,914 )
USD 13,202,884 CAD 17,066,953 Goldman Sachs Bank USA 6/20/2018 — (63,664 )
USD 10,668,783 CAD 13,694,813 Royal Bank of Canada 6/20/2018 23,478 —
USD 33,008,333 CAD 42,307,560 Toronto Dominion Bank 6/20/2018 121,659 —
USD 23,290,000 CAD 29,895,776 U.S. Bank 6/20/2018 51,303 —

289



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

FORWARD FOREIGN CURRENCY CONTRACTS (continued)

                  Contractual
settlement       Unrealized       Unrealized
Contract to buy Contract to sell Counterparty (OTC) date appreciation depreciation
USD 1,698,225 DKK 10,115,000 Citibank N.A. 6/20/2018 $19,072 —
USD 8,308,017 EUR       6,690,000 State Street Bank and Trust Company 6/20/2018 29,518 —
USD 4,658,748 GBP 3,337,045 HSBC Bank USA 6/20/2018 — ($38,119 )
USD 16,625,000 JPY 1,755,781,212 HSBC Bank USA 6/20/2018 38,904 —
USD 118,437 JPY 12,586,788 State Street Bank and Trust Company 6/20/2018 — (465 )
USD 12,600,000 MXN 235,477,576 State Street Bank and Trust Company 6/20/2018 — (196,735 )
USD 6,660,000 MXN 124,494,034 Toronto Dominion Bank 6/20/2018 — (105,473 )
USD 30,840,551 NZD 42,408,832 HSBC Bank USA 6/20/2018 199,533 —
USD 5,020,320 SEK 41,115,217 State Street Bank and Trust Company 6/20/2018 68,028 —
USD 1,622,226 SGD 2,130,102 HSBC Bank USA 6/20/2018 — (5,302 )
$2,192,774 ($2,196,263 )

Derivatives Currency Abbreviations

AUD        Australian Dollar
BRL Brazilian Real
CAD Canadian Dollar
CLP Chilean Peso
DKK Danish Krone
EUR Euro
GBP Pound Sterling
JPY Japanese Yen
MXN Mexican Peso
NOK Norwegian Krone
NZD New Zealand Dollar
SEK Swedish Krona
SGD Singapore Dollar
USD U.S. Dollar

OTC is an abbreviation for over-the-counter. See Notes to Portfolio of Investments regarding investment transactions and other derivatives information.

Total Bond Market Trust

     Shares or      
Principal
Amount Value
U.S. GOVERNMENT AND AGENCY
OBLIGATIONS – 66.5%
U.S. Government – 36.7%
U.S. Treasury Bonds
       2.750%, 08/15/2047 $ 3,000,000 $ 2,860,921
       3.000%, 02/15/2047 20,185,000 20,248,609
       4.250%, 05/15/2039 to 11/15/2040 4,610,000 5,603,228
       4.375%, 05/15/2041 1,830,000 2,273,505
       4.625%, 02/15/2040 5,000,000 6,387,066
       4.750%, 02/15/2041 2,000,000 2,606,941
       7.875%, 02/15/2021 3,400,000 3,919,848
       8.125%, 08/15/2021 1,400,000 1,656,828
       8.750%, 08/15/2020 5,750,000 6,598,101
U.S. Treasury Notes
       1.250%, 04/30/2019 to 01/31/2020 2,000,000 1,971,776
       1.375%, 09/30/2018 to 10/31/2020 31,400,000 30,637,405
       1.500%, 01/31/2019 to 03/31/2019 12,200,000 12,131,071
       1.625%, 06/30/2019 to 07/31/2020 30,300,000 29,918,781
       1.750%, 09/30/2019 7,000,000 6,949,624
       2.000%, 11/15/2021 24,650,000 24,248,018
       2.000%, 02/15/2022 4,750,000 4,664,678
       2.250%, 02/15/2021 to 11/15/2027 23,595,000 22,739,745
       2.625%, 02/28/2023 3,000,000 3,008,081
       2.750%, 02/15/2019 7,000,000 7,038,008
       3.125%, 05/15/2021 13,100,000 13,369,757
  208,831,991
U.S. Government Agency – 29.8%
Federal Home Loan Bank
       5.500%, 07/15/2036 190,000 252,849
Federal Home Loan Mortgage Corp.
       2.375%, 01/13/2022 1,500,000 1,488,917
       2.500%, TBA (A) 3,000,000 2,938,068
       2.500%, 04/01/2031 2,284,114 2,243,296
       3.000%, TBA (A) 5,000,000 4,876,426
       3.000%, 07/01/2032 to 08/01/2046 7,059,580 6,948,675
       3.500%, TBA (A) 4,300,000 4,310,431
       3.500%, 12/01/2025 to 03/01/2045 4,791,331 4,847,789
       3.617%, (12 month LIBOR +
              1.868%), 08/01/2037 (B) 588,974 617,443
       4.000%, 02/01/2024 to 09/01/2047 5,690,489 5,857,518
       4.100%, (12 month LIBOR +
              2.100%), 02/01/2037 (B) 65,058 68,479
       4.500%, 05/01/2024 to 11/01/2041 2,468,848 2,606,311
       5.000%, TBA (A) 2,300,000 2,454,653
       5.000%, 06/01/2023 to 10/01/2040 611,096 659,376
       5.500%, 02/01/2023 to 01/01/2039 797,196 872,980
       6.000%, 10/01/2036 to 10/01/2038 377,164 420,760
       6.250%, 07/15/2032 450,000 612,571
       6.500%, 01/01/2021 to 09/01/2038 94,163 105,889
       6.750%, 09/15/2029 1,200,000 1,623,644
       7.000%, 04/01/2029 to 10/01/2038 74,129 84,815
       7.500%, 09/01/2030 to 03/01/2032 9,917 11,490
       8.000%, 02/01/2030 1,449 1,693
Federal National Mortgage Association
       2.500%, TBA (A) 4,000,000 3,919,612

290



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

Shares or      
Principal
Amount Value
U.S. GOVERNMENT AND AGENCY
OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National
       Mortgage Association (continued)     
       2.500%, 05/01/2028 $ 1,299,556 $ 1,282,322
       2.625%, 09/06/2024 1,000,000 990,736
       2.977%, (6 month LIBOR + 1.414%),
              07/01/2034 (B) 183,210 186,795
       3.000%, TBA (A) 11,400,000 11,121,813
       3.000%, 01/01/2027 to 07/01/2046 15,770,522 15,575,551
       3.148%, (12 month LIBOR +
              1.328%), 01/01/2035 (B) 312,319 317,258
       3.170%, (1 Year CMT + 2.185%),
              05/01/2036 (B) 93,584 98,896
       3.420%, (12 month LIBOR +
              1.616%), 09/01/2037 (B) 155,476 161,859
       3.500%, TBA (A) 3,000,000 3,006,926
       3.500%, 12/01/2025 to 07/01/2046 20,776,151 20,991,378
       3.546%, (12 month LIBOR +
              1.770%), 04/01/2037 (B) 424,377 444,593
       3.637%, (12 month LIBOR +
              1.887%), 10/01/2037 (B) 91,179 95,777
       4.000%, 08/01/2020 to 11/01/2045 9,189,783 9,498,548
       4.500%, 06/01/2018 to 06/01/2041 3,586,544 3,782,928
       5.000%, 12/01/2018 to 07/01/2039 1,766,903 1,902,377
       5.500%, 08/01/2021 to 11/01/2038 1,033,912 1,126,175
       6.000%, 01/01/2021 to 08/01/2038 770,756 852,690
       6.500%, 03/01/2022 to 12/01/2037 199,436 224,908
       7.000%, 02/01/2031 to 10/01/2038 69,624 79,584
       7.125%, 01/15/2030 209,000 292,290
       7.250%, 05/15/2030 1,450,000 2,058,848
       7.500%, 09/01/2030 to 08/01/2031 23,881 27,610
       8.000%, 08/01/2030 to 09/01/2031 6,599 7,708
       8.500%, 09/01/2030 1,037 1,230
Financing Corp.
       8.600%, 09/26/2019 675,000 736,125
Government National
       Mortgage Association
       3.000%, TBA (A) 5,000,000 4,925,061
       3.000%, 08/15/2043 to 06/20/2047 8,042,671 7,940,617
       3.500%, TBA (A) 2,800,000 2,826,540
       3.500%, 04/15/2042 to 02/20/2047 17,115,236 17,344,684
       4.000%, 11/15/2026 to 09/20/2047 7,769,712 8,036,474
       4.500%, 05/15/2019 to 10/20/2040 1,689,102 1,782,206
       5.000%, 05/15/2018 to 07/20/2040 1,523,774 1,648,601
       5.500%, 08/15/2023 to 09/20/2039 572,228 625,366
       6.000%, 07/15/2029 to 10/15/2038 348,221 390,903
       6.500%, 05/15/2028 to 12/15/2038 236,605 270,264
       7.000%, 08/15/2029 to 05/15/2032 42,119 48,235
       7.500%, 08/15/2029 to 01/15/2031 13,499 15,594
       8.000%, 04/15/2031 7,904 9,470
       8.500%, 09/15/2030 5,289 6,332
Tennessee Valley Authority
       3.875%, 02/15/2021 700,000 726,802
169,285,759
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS
(Cost $382,844,754) $ 378,117,750
 
FOREIGN GOVERNMENT OBLIGATIONS – 1.8%
Brazil – 0.3%
Federative Republic of Brazil
       4.250%, 01/07/2025 (C) 1,612,000 1,604,746
Canada – 0.3%
Province of British Columbia
       6.500%, 01/15/2026 490,000 600,759
Province of Manitoba
       9.625%, 12/01/2018 300,000 313,924
Province of Quebec
       7.125%, 02/09/2024 150,000 181,606
       7.500%, 07/15/2023 410,000 496,494
1,592,783
Chile – 0.1%
Republic of Chile
       3.875%, 08/05/2020 510,000 522,869
Colombia – 0.1%
Republic of Colombia
       4.375%, 07/12/2021 550,000 569,250
Israel – 0.2%
Government of Israel
       5.125%, 03/26/2019 530,000 535,650
       5.500%, 09/18/2023 455,000 516,020
1,051,670
Italy – 0.0%
Republic of Italy
       6.875%, 09/27/2023 300,000 350,280
Mexico – 0.2%
Government of Mexico
       6.050%, 01/11/2040 930,000 1,048,575
Panama – 0.1%
Republic of Panama
       6.700%, 01/26/2036 370,000 467,125
Peru – 0.1%
Republic of Peru
       6.550%, 03/14/2037 250,000 320,000
       7.125%, 03/30/2019 120,000 125,280
445,280
Philippines – 0.2%
Republic of Philippines
       4.000%, 01/15/2021 1,000,000 1,023,103
Poland – 0.0%
Republic of Poland
       6.375%, 07/15/2019 110,000 115,119
South Africa – 0.1%
Republic of South Africa
       5.500%, 03/09/2020 740,000 767,306
Turkey – 0.1%
Republic of Turkey
       6.000%, 01/14/2041 400,000 374,000
       6.250%, 09/26/2022 400,000 423,678
797,678
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost
$10,346,498) $ 10,355,784
           
CORPORATE BONDS – 26.6%
Consumer discretionary – 2.6%
21st Century Fox America, Inc.
       6.650%, 11/15/2037 440,000 572,900
American Honda Finance Corp.
       2.150%, 03/13/2020 250,000 246,737
       2.450%, 09/24/2020 470,000 465,973
AutoZone, Inc.
       3.250%, 04/15/2025 1,000,000 969,218
Brinker International, Inc.
       3.875%, 05/15/2023 250,000 238,750
CBS Corp.
       4.300%, 02/15/2021 150,000 154,835

291



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

      Shares or      
Principal
Amount Value
CORPORATE BONDS (continued)
Consumer discretionary (continued)
Comcast Corp.
       2.350%, 01/15/2027 $ 455,000 $ 408,224
       3.375%, 02/15/2025 600,000 588,626
       5.700%, 07/01/2019 310,000 321,093
       6.500%, 11/15/2035 255,000 325,185
Discovery Communications LLC
       5.625%, 08/15/2019 154,000 159,292
Ford Motor Credit Company LLC
       3.096%, 05/04/2023 280,000 268,986
       3.336%, 03/18/2021 1,000,000 993,731
General Motors Financial Company, Inc.
       4.250%, 05/15/2023 280,000 284,614
       5.250%, 03/01/2026 650,000 686,163
Grupo Televisa SAB
       6.625%, 01/15/2040 220,000 252,098
Historic TW, Inc.
       7.570%, 02/01/2024 240,000 284,530
Hyatt Hotels Corp.
       3.375%, 07/15/2023 250,000 247,591
Lowe’s Companies, Inc.
       3.375%, 09/15/2025 460,000 456,110
McDonald’s Corp.
       3.625%, 05/20/2021 250,000 254,809
       5.000%, 02/01/2019 228,000 232,522
NBCUniversal Media LLC
       5.150%, 04/30/2020 230,000 240,037
Newell Brands, Inc.
       2.150%, 10/15/2018 250,000 248,647
       3.900%, 11/01/2025 250,000 242,245
O’Reilly Automotive, Inc.
       4.875%, 01/14/2021 300,000 312,786
TCI Communications, Inc.
       7.125%, 02/15/2028 110,000 137,108
The Home Depot, Inc.
       2.625%, 06/01/2022 400,000 393,904
       3.350%, 09/15/2025 752,000 748,585
       4.250%, 04/01/2046 390,000 407,126
       5.875%, 12/16/2036 280,000 359,337
The Walt Disney Company
       1.500%, 09/17/2018 500,000 497,898
       3.150%, 09/17/2025 500,000 491,630
Time Warner Cable LLC
       4.125%, 02/15/2021 60,000 60,640
Time Warner Entertainment Company LP
       8.375%, 07/15/2033 525,000 682,647
Time Warner, Inc.
       4.850%, 07/15/2045 500,000 510,141
       7.625%, 04/15/2031 285,000 369,373
Toyota Motor Credit Corp.
       3.400%, 09/15/2021 320,000 324,461
Viacom, Inc.
       4.500%, 03/01/2021 120,000 124,037
  14,562,589
Consumer staples – 1.5%
Altria Group, Inc.
       4.500%, 05/02/2043 500,000 506,066
       9.250%, 08/06/2019 105,000 113,808
Anheuser-Busch InBev Finance, Inc.
       3.650%, 02/01/2026 800,000 794,765
       4.900%, 02/01/2046 500,000 538,332
Anheuser-Busch InBev Worldwide, Inc.
       6.875%, 11/15/2019 460,000 489,338
Bunge, Ltd. Finance Corp.
       8.500%, 06/15/2019 160,000 169,989
Campbell Soup Company
       4.500%, 02/15/2019 300,000 304,143
Conagra Brands, Inc.
       9.750%, 03/01/2021 175,000 206,181
CVS Health Corp.
       3.875%, 07/20/2025 650,000 644,002
       4.125%, 05/15/2021 60,000 61,322
CVS Pass-Through Trust
       8.353%, 07/10/2031 (D) 79,024 97,130
Diageo Capital PLC
       4.828%, 07/15/2020 95,000 99,012
Edgewell Personal Care Company
       4.700%, 05/19/2021 250,000 245,625
General Mills, Inc.
       5.650%, 02/15/2019 315,000 322,553
Kellogg Company
       4.150%, 11/15/2019 30,000 30,595
Kraft Heinz Foods Company
       3.000%, 06/01/2026 495,000 456,620
       3.950%, 07/15/2025 600,000 597,035
       6.125%, 08/23/2018 66,000 66,912
       6.875%, 01/26/2039 40,000 49,315
PepsiCo, Inc.
       2.850%, 02/24/2026 495,000 474,523
       4.000%, 03/05/2042 270,000 268,085
       5.500%, 01/15/2040 280,000 344,198
Philip Morris International, Inc.
       3.600%, 11/15/2023 250,000 254,737
       4.125%, 05/17/2021 320,000 330,356
Reynolds American, Inc.
       3.250%, 11/01/2022 270,000 266,421
SC Johnson & Son, Inc.
       4.000%, 05/15/2043 (D) 250,000 249,770
The Coca-Cola Company
       3.150%, 11/15/2020 560,000 564,375
Walgreen Company
       5.250%, 01/15/2019 84,000 85,589
8,630,797
Energy – 2.7%
Anadarko Petroleum Corp.
       6.450%, 09/15/2036 280,000 335,181
Apache Corp.
       3.625%, 02/01/2021 250,000 252,194
BP Capital Markets PLC
       2.750%, 05/10/2023 250,000 243,137
Canadian Natural Resources, Ltd.
       6.250%, 03/15/2038 290,000 349,695
Cenovus Energy, Inc.
       5.700%, 10/15/2019 40,000 41,372
Chevron Corp.
       1.961%, 03/03/2020 850,000 837,778
       4.950%, 03/03/2019 90,000 91,934
DCP Midstream Operating LP
       9.750%, 03/15/2019 (D) 95,000 100,225
Devon Energy Corp.
       5.000%, 06/15/2045 485,000 514,614
Devon Financing Company LLC
       7.875%, 09/30/2031 170,000 234,219
Enbridge Energy Partners LP
       9.875%, 03/01/2019 125,000 132,465
Enbridge, Inc.
       3.700%, 07/15/2027 400,000 383,171
Encana Corp.
       6.500%, 08/15/2034 270,000 321,076

292



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

Shares or      
Principal
Amount Value
CORPORATE BONDS (continued)
Energy (continued)
Energy Transfer Partners LP
       6.125%, 12/15/2045 $ 350,000 $ 362,713
       6.500%, 02/01/2042 50,000 53,932
       6.700%, 07/01/2018 250,000 252,612
Ensco PLC
       4.700%, 03/15/2021 (C) 360,000 354,600
Enterprise Products Operating LLC
       4.850%, 08/15/2042 280,000 293,997
       6.875%, 03/01/2033 130,000 163,551
EOG Resources, Inc.
       4.100%, 02/01/2021 300,000 306,856
Exxon Mobil Corp.
       2.397%, 03/06/2022 750,000 735,284
Kinder Morgan Energy Partners LP
       4.300%, 05/01/2024 700,000 705,036
       6.375%, 03/01/2041 60,000 67,175
       6.500%, 09/01/2039 180,000 205,373
       9.000%, 02/01/2019 60,000 62,883
Kinder Morgan, Inc.
       5.550%, 06/01/2045 375,000 393,755
Magellan Midstream Partners LP
       6.550%, 07/15/2019 180,000 187,788
Marathon Oil Corp.
       3.850%, 06/01/2025 500,000 493,777
Nabors Industries, Inc.
       9.250%, 01/15/2019 105,000 109,200
Nexen Energy ULC
       6.200%, 07/30/2019 120,000 124,499
Noble Holding International, Ltd.
       6.050%, 03/01/2041 50,000 33,000
Occidental Petroleum Corp.
       4.100%, 02/01/2021 300,000 308,660
ONEOK Partners LP
       6.650%, 10/01/2036 268,000 322,574
Petrobras Global Finance BV
       4.375%, 05/20/2023 365,000 358,175
       5.375%, 01/27/2021 400,000 418,000
       6.750%, 01/27/2041 80,000 78,000
       8.375%, 12/10/2018 90,000 93,061
Petro-Canada
       5.950%, 05/15/2035 235,000 284,476
Petroleos Mexicanos
       4.875%, 01/18/2024 500,000 507,250
       5.500%, 01/21/2021 320,000 333,120
       6.625%, 06/15/2035 230,000 237,631
Shell International Finance BV
       4.375%, 05/11/2045 1,000,000 1,060,803
       6.375%, 12/15/2038 90,000 119,348
Southern Natural Gas Company LLC
       4.400%, 06/15/2021 250,000 257,171
Sunoco Logistics Partners Operations LP
       3.450%, 01/15/2023 170,000 165,122
The Williams Companies, Inc.
       7.875%, 09/01/2021 190,000 213,513
Tosco Corp.
       8.125%, 02/15/2030 383,000 526,564
Total Capital SA
       4.125%, 01/28/2021 40,000 41,196
       4.250%, 12/15/2021 60,000 62,513
TransCanada PipeLines, Ltd.
       5.850%, 03/15/2036 405,000 479,265
Valero Energy Corp.
       7.500%, 04/15/2032 270,000 353,324
Williams Partners LP
       5.250%, 03/15/2020 400,000 414,437
  15,377,295
Financials – 8.6%
AEGON Funding Company LLC
       5.750%, 12/15/2020 165,000 175,437
American Express Company
       2.650%, 12/02/2022 345,000 333,655
American International Group, Inc.
       4.125%, 02/15/2024 550,000 557,888
       6.250%, 05/01/2036 430,000 511,424
Asian Development Bank
       5.593%, 07/16/2018 590,000 596,036
Bank of America Corp.
       2.625%, 10/19/2020 400,000 397,180
       3.300%, 01/11/2023 800,000 797,828
       6.875%, 11/15/2018 120,000 123,128
       4.450%, 03/03/2026 700,000 714,662
       7.750%, 05/14/2038 480,000 665,960
Bank of America Corp. (3.004% to
       12-20-22, then 3 month LIBOR +
       0.790%) 12/20/2023 (D) 386,000 378,484
Bank of America Corp. (3.419% to
       12-20-27, then 3 month LIBOR +
       1.040%) 12/20/2028 (D) 1,312,000 1,255,865
Bank of America Corp. (3.970% to
       3-5-28, then 3 month LIBOR +
       1.070%) 03/05/2029 500,000 500,936
Bank of America Corp. (4.443% to
       1-20-47, then 3 month LIBOR +
       1.990%) 01/20/2048 500,000 521,024
Barclays PLC
       4.375%, 01/12/2026 500,000 500,519
Berkshire Hathaway Finance Corp.
       4.250%, 01/15/2021 60,000 62,439
       5.400%, 05/15/2018 105,000 105,331
Berkshire Hathaway, Inc.
       3.125%, 03/15/2026 500,000 487,041
Branch Banking & Trust Company
       2.850%, 04/01/2021 500,000 497,832
Capital One Bank USA NA
       3.375%, 02/15/2023 360,000 350,701
Capital One Financial Corp.
       3.200%, 02/05/2025 2,000,000 1,917,220
Citigroup, Inc.
       2.350%, 08/02/2021 500,000 485,394
       2.400%, 02/18/2020 1,500,000 1,483,508
       4.450%, 09/29/2027 500,000 505,578
       5.500%, 09/13/2025 400,000 433,492
Citigroup, Inc. (4.281% to 4-24-47, then
       3 month LIBOR + 1.839%)
       04/24/2048 500,000 503,936
Cooperatieve Rabobank UA
       4.500%, 01/11/2021 500,000 518,998
Credit Suisse AG
       3.000%, 10/29/2021 750,000 742,444
Credit Suisse Group Funding
       Guernsey, Ltd.
       3.450%, 04/16/2021 575,000 574,788
       3.750%, 03/26/2025 250,000 244,034
Discover Financial Services
       5.200%, 04/27/2022 120,000 125,799
European Bank for Reconstruction &
       Development
       1.000%, 09/17/2018 500,000 497,420

293



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

Shares or      
Principal
Amount Value
CORPORATE BONDS (continued)
Financials (continued)
European Investment Bank
       1.750%, 06/17/2019 $ 1,750,000 $ 1,738,438
       2.875%, 09/15/2020 700,000 705,115
GE Capital International Funding
       Company Unlimited Company
       4.418%, 11/15/2035 822,000 800,699
HSBC Holdings PLC
       2.950%, 05/25/2021 575,000 569,141
       6.500%, 09/15/2037 660,000 824,749
HSBC USA, Inc.
       2.350%, 03/05/2020 1,000,000 986,794
Inter-American Development Bank
       1.875%, 03/15/2021 1,100,000 1,079,033
       7.000%, 06/15/2025 325,000 403,084
International Bank for Reconstruction &
       Development
       2.125%, 11/01/2020 1,300,000 1,286,611
International Finance Corp.
       0.875%, 06/15/2018 600,000 598,668
Jefferies Group LLC
       5.125%, 04/13/2018 330,000 330,185
JPMorgan Chase & Co.
       3.300%, 04/01/2026 700,000 676,503
       3.375%, 05/01/2023 500,000 493,484
       3.875%, 02/01/2024 1,300,000 1,318,976
       4.350%, 08/15/2021 710,000 735,252
       6.400%, 05/15/2038 125,000 162,591
JPMorgan Chase & Co. (3.509% to
       1-23-28, then 3 month LIBOR +
       0.945%) 01/23/2029 500,000 485,003
KeyCorp
       5.100%, 03/24/2021 250,000 263,812
KFW
       1.000%, 06/11/2018 500,000 499,115
       1.875%, 04/01/2019 1,000,000 996,213
Lincoln National Corp.
       7.000%, 06/15/2040 150,000 197,013
MetLife, Inc.
       4.600%, 05/13/2046 500,000 522,049
       6.817%, 08/15/2018 190,000 192,831
Moody’s Corp.
       5.500%, 09/01/2020 60,000 63,412
Morgan Stanley
       2.650%, 01/27/2020 300,000 298,121
       2.800%, 06/16/2020 485,000 481,675
       3.700%, 10/23/2024 950,000 944,475
       4.100%, 05/22/2023 750,000 759,821
       7.300%, 05/13/2019 110,000 115,256
Morgan Stanley (3.772% to 1-24-28,
       then 3 month LIBOR + 1.140%)
       01/24/2029 550,000 541,103
National Rural Utilities Cooperative
       Finance Corp.
       10.375%, 11/01/2018 180,000 188,029
Northern Trust Corp.
       3.450%, 11/04/2020 300,000 304,908
PartnerRe Finance B LLC
       5.500%, 06/01/2020 60,000 62,956
Prudential Financial, Inc.
       5.375%, 06/21/2020 280,000 294,353
Reinsurance Group of America, Inc.
       5.000%, 06/01/2021 50,000 52,448
Royal Bank of Canada
       2.200%, 07/27/2018 600,000 599,426
State Street Corp.
       3.100%, 05/15/2023 250,000 248,403
Stifel Financial Corp.
       4.250%, 07/18/2024 500,000 502,083
Sumitomo Mitsui Financial Group, Inc.
       3.784%, 03/09/2026 550,000 548,546
The Bank of New York Mellon Corp.
       2.450%, 11/27/2020 450,000 443,154
The Bank of Nova Scotia
       2.350%, 10/21/2020 400,000 393,834
The Chubb Corp.
       5.750%, 05/15/2018 275,000 276,024
The Goldman Sachs Group, Inc.
       2.625%, 04/25/2021 600,000 587,546
       3.500%, 01/23/2025 750,000 735,347
       3.625%, 01/22/2023 500,000 501,558
       3.750%, 02/25/2026 500,000 490,979
       6.125%, 02/15/2033 375,000 449,227
       7.500%, 02/15/2019 240,000 249,643
The Hartford Financial Services
       Group, Inc.
       5.950%, 10/15/2036 170,000 205,197
The PNC Financial Services Group, Inc.
       6.700%, 06/10/2019 310,000 323,887
The Toronto-Dominion Bank
       1.800%, 07/13/2021 500,000 479,885
The Travelers Companies, Inc.
       5.900%, 06/02/2019 310,000 321,194
Thomson Reuters Corp.
       4.500%, 05/23/2043 250,000 243,174
Travelers Property Casualty Corp.
       7.750%, 04/15/2026 50,000 63,631
U.S. Bancorp
       3.000%, 03/15/2022 600,000 596,323
Wells Fargo & Company
       5.375%, 02/07/2035 1,500,000 1,732,552
Wells Fargo & Company, Series M
       3.450%, 02/13/2023 750,000 739,343
Westpac Banking Corp.
       2.000%, 08/19/2021 600,000 577,659
XLIT, Ltd.
       5.750%, 10/01/2021 310,000 334,567
  49,181,079
Health care – 2.3%
Abbott Laboratories
       2.950%, 03/15/2025 300,000 287,209
       3.750%, 11/30/2026 500,000 497,005
AbbVie, Inc.
       2.900%, 11/06/2022 500,000 488,250
       3.200%, 05/14/2026 716,000 681,061
       4.400%, 11/06/2042 260,000 256,107
Aetna, Inc.
       3.500%, 11/15/2024 200,000 196,482
Agilent Technologies, Inc.
       3.875%, 07/15/2023 250,000 253,529
Allergan Funding SCS
       3.800%, 03/15/2025 861,000 845,730
       4.750%, 03/15/2045 321,000 314,013
Amgen, Inc.
       4.400%, 05/01/2045 260,000 259,181
       4.663%, 06/15/2051 159,000 164,244
       5.700%, 02/01/2019 450,000 460,883
Anthem, Inc.
       4.101%, 03/01/2028 350,000 350,974
       4.650%, 08/15/2044 150,000 151,432

294



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

Shares or
Principal
      Amount       Value
CORPORATE BONDS (continued)
Health care (continued)
Becton, Dickinson and Company
       3.250%, 11/12/2020 $ 300,000 $ 299,226
Celgene Corp.
       3.875%, 08/15/2025 600,000 594,099
Cigna Corp.
       4.000%, 02/15/2022 280,000 284,673
Express Scripts Holding Company
       6.125%, 11/15/2041 330,000 391,185
Gilead Sciences, Inc.
       3.650%, 03/01/2026 600,000 601,791
       4.500%, 04/01/2021 330,000 343,900
GlaxoSmithKline Capital, Inc.
       6.375%, 05/15/2038 210,000 276,046
Humana, Inc.
       3.850%, 10/01/2024 350,000 351,140
Johnson & Johnson
       5.850%, 07/15/2038 285,000 372,072
Laboratory Corp. of America Holdings
       4.625%, 11/15/2020 280,000 289,859
Life Technologies Corp.
       5.000%, 01/15/2021 310,000 322,353
Medtronic, Inc.
       5.600%, 03/15/2019 165,000 169,721
Merck & Company, Inc.
       2.750%, 02/10/2025 850,000 818,852
Mylan, Inc.
       2.600%, 06/24/2018 250,000 249,770
Novartis Securities Investment, Ltd.
       5.125%, 02/10/2019 80,000 81,636
Pfizer, Inc.
       2.750%, 06/03/2026 713,000 677,146
       4.400%, 05/15/2044 264,000 283,422
Pharmacia LLC
       6.500%, 12/01/2018 335,000 344,185
Quest Diagnostics, Inc.
       4.700%, 03/30/2045 500,000 511,676
Thermo Fisher Scientific, Inc.
       4.150%, 02/01/2024 350,000 359,405
UnitedHealth Group, Inc.
       4.375%, 03/15/2042 50,000 52,162
       5.800%, 03/15/2036 300,000 367,276
13,247,695
Industrials – 1.8%
3M Company
       3.000%, 08/07/2025 330,000 326,924
Burlington Northern Santa Fe LLC
       4.400%, 03/15/2042 50,000 52,532
       4.700%, 10/01/2019 250,000 256,978
Canadian Pacific Railway Company
       4.450%, 03/15/2023 300,000 314,317
Caterpillar Financial Services Corp.
       1.700%, 06/16/2018 485,000 484,357
Caterpillar, Inc.
       3.400%, 05/15/2024 500,000 501,487
CSX Corp.
       3.350%, 11/01/2025 420,000 410,349
       3.700%, 10/30/2020 270,000 274,608
Emerson Electric Company
       2.625%, 12/01/2021 250,000 246,975
       4.875%, 10/15/2019 250,000 257,181
FedEx Corp.
       3.875%, 08/01/2042 420,000 392,988
       8.000%, 01/15/2019 50,000 52,101
Fluor Corp.
       3.375%, 09/15/2021 320,000 322,372
General Electric Company
       4.500%, 03/11/2044 500,000 491,380
       6.750%, 03/15/2032 66,000 81,939
       6.875%, 01/10/2039 168,000 217,308
John Deere Capital Corp.
       1.700%, 01/15/2020 550,000 539,337
Johnson Controls, Inc.
       5.700%, 03/01/2041 150,000 171,228
L3 Technologies, Inc.
       4.750%, 07/15/2020 150,000 154,737
Norfolk Southern Corp.
       4.837%, 10/01/2041 240,000 261,021
Northrop Grumman Corp.
       3.500%, 03/15/2021 150,000 151,734
Pitney Bowes, Inc.
       6.250%, 03/15/2019 180,000 184,108
Precision Castparts Corp.
       3.250%, 06/15/2025 500,000 495,776
Ryder System, Inc.
       2.450%, 11/15/2018 250,000 249,796
Snap-on, Inc.
       6.125%, 09/01/2021 310,000 341,219
The Boeing Company
       1.650%, 10/30/2020 438,000 426,753
       2.600%, 10/30/2025 438,000 417,989
       8.750%, 09/15/2031 90,000 133,365
Union Pacific Corp.
       3.250%, 08/15/2025 500,000 493,365
       3.799%, 10/01/2051 313,000 297,820
       4.000%, 02/01/2021 280,000 287,985
       4.050%, 11/15/2045 500,000 503,631
United Technologies Corp.
       6.125%, 07/15/2038 225,000 277,343
10,071,003
Information technology – 2.5%
Alphabet, Inc.
       3.625%, 05/19/2021 320,000 329,715
Apple, Inc.
       2.400%, 05/03/2023 800,000 773,564
       2.450%, 08/04/2026 1,060,000 981,984
       3.250%, 02/23/2026 500,000 492,672
Applied Materials, Inc.
       2.625%, 10/01/2020 470,000 467,153
       3.900%, 10/01/2025 470,000 482,479
       5.100%, 10/01/2035 470,000 536,720
Automatic Data Processing, Inc.
       3.375%, 09/15/2025 752,000 755,518
Baidu, Inc.
       3.000%, 06/30/2020 250,000 248,321
       4.125%, 06/30/2025 250,000 250,489
Cisco Systems, Inc.
       5.900%, 02/15/2039 80,000 104,386
eBay, Inc.
       3.250%, 10/15/2020 250,000 250,645
Fiserv, Inc.
       2.700%, 06/01/2020 250,000 248,381
HP, Inc.
       3.750%, 12/01/2020 49,000 49,742
IBM Corp.
       3.450%, 02/19/2026 1,115,000 1,108,596
       4.000%, 06/20/2042 210,000 213,035
       5.600%, 11/30/2039 21,000 26,071
Intel Corp.
       2.700%, 12/15/2022 690,000 679,778

295



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

Shares or
Principal
      Amount       Value
CORPORATE BONDS (continued)
Information technology (continued)
Leidos Holdings, Inc.
       4.450%, 12/01/2020 $ 300,000 $ 304,500
Microsoft Corp.
       2.000%, 11/03/2020 438,000 430,648
       3.125%, 11/03/2025 438,000 432,333
       3.750%, 05/01/2043 500,000 494,721
       4.450%, 11/03/2045 438,000 484,020
Oracle Corp.
       2.400%, 09/15/2023 435,000 416,491
       2.650%, 07/15/2026 310,000 289,666
       2.950%, 05/15/2025 550,000 532,304
       4.125%, 05/15/2045 500,000 503,176
QUALCOMM, Inc.
       3.450%, 05/20/2025 500,000 487,954
The Western Union Company
       3.650%, 08/22/2018 100,000 100,350
Visa, Inc.
       2.200%, 12/14/2020 463,000 455,848
       3.150%, 12/14/2025 463,000 453,841
       4.300%, 12/14/2045 463,000 495,540
Xerox Corp.
       6.750%, 12/15/2039 60,000 63,979
13,944,620
Materials – 0.9%
Agrium, Inc.
       6.750%, 01/15/2019 350,000 360,465
Barrick North America Finance LLC
       4.400%, 05/30/2021 61,000 63,000
E.I. du Pont de Nemours & Company
       3.625%, 01/15/2021 180,000 183,079
Freeport-McMoRan, Inc.
       3.875%, 03/15/2023 500,000 483,200
Monsanto Company
       2.850%, 04/15/2025 300,000 284,286
Newmont Mining Corp.
       4.875%, 03/15/2042 270,000 283,493
Potash Corp. of Saskatchewan, Inc.
       5.625%, 12/01/2040 150,000 172,978
PPG Industries, Inc.
       3.600%, 11/15/2020 300,000 305,228
Praxair, Inc.
       2.450%, 02/15/2022 240,000 235,136
Rio Tinto Alcan, Inc.
       6.125%, 12/15/2033 100,000 123,910
Rio Tinto Finance USA PLC
       4.750%, 03/22/2042 270,000 298,722
Rio Tinto Finance USA, Ltd.
       3.750%, 06/15/2025 485,000 493,040
       5.200%, 11/02/2040 250,000 291,023
Teck Resources, Ltd.
       4.500%, 01/15/2021 70,000 70,438
       6.250%, 07/15/2041 270,000 286,200
The Dow Chemical Company
       4.375%, 11/15/2042 590,000 586,399
       9.400%, 05/15/2039 130,000 209,160
Vale Overseas, Ltd.
       6.875%, 11/10/2039 350,000 414,750
5,144,507
Real estate – 0.6%
Boston Properties LP
       4.125%, 05/15/2021 300,000 307,660
Crown Castle International Corp.
       3.700%, 06/15/2026 400,000 384,708
Essex Portfolio LP
       5.200%, 03/15/2021 60,000 63,088
HCP, Inc.
       3.875%, 08/15/2024 400,000 396,402
Kimco Realty Corp.
       6.875%, 10/01/2019 60,000 63,405
Simon Property Group LP
       3.375%, 06/15/2027 (C) 500,000 484,446
       3.500%, 09/01/2025 441,500 436,866
SL Green Operating Partnership LP
       3.250%, 10/15/2022 500,000 487,479
Ventas Realty LP
       4.750%, 06/01/2021 60,000 62,419
Welltower, Inc.
       4.950%, 01/15/2021 320,000 333,208
Weyerhaeuser Company
       4.700%, 03/15/2021 150,000 155,891
3,175,572
Telecommunication services – 1.3%
America Movil SAB de CV
       3.125%, 07/16/2022 500,000 491,499
       5.000%, 03/30/2020 61,000 63,038
AT&T, Inc.
       3.000%, 02/15/2022 500,000 493,687
       4.125%, 02/17/2026 575,000 576,066
       4.300%, 12/15/2042 20,000 18,535
       4.500%, 03/09/2048 500,000 461,543
       4.750%, 05/15/2046 900,000 872,645
       5.150%, 03/15/2042 50,000 51,434
       6.375%, 03/01/2041 360,000 417,529
British Telecommunications PLC
       9.125%, 12/15/2030 190,000 277,413
Deutsche Telekom International Finance
       BV
       8.750%, 06/15/2030 146,000 206,295
Telefonica Emisiones SAU
       7.045%, 06/20/2036 230,000 291,418
Telefonica Europe BV
       8.250%, 09/15/2030 350,000 473,555
Verizon Communications, Inc.
       2.625%, 02/21/2020 517,000 514,507
       4.272%, 01/15/2036 458,000 437,833
       4.522%, 09/15/2048 760,000 730,978
       4.600%, 04/01/2021 650,000 677,469
Vodafone Group PLC
       4.375%, 03/16/2021 110,000 113,686
       5.450%, 06/10/2019 320,000 329,965
7,499,095
Utilities – 1.8%
Berkshire Hathaway Energy Company
       4.500%, 02/01/2045 500,000 533,545
       6.125%, 04/01/2036 436,000 554,940
CenterPoint Energy Resources Corp.
       4.500%, 01/15/2021 246,000 253,752
Consolidated Edison Company of New
York, Inc.
       7.125%, 12/01/2018 295,000 303,120
Dominion Energy, Inc.
       3.900%, 10/01/2025 242,000 241,509
       5.200%, 08/15/2019 110,000 113,424
Duke Energy Carolinas LLC
       6.000%, 01/15/2038 200,000 254,127
       7.000%, 11/15/2018 290,000 297,256

296



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

Shares or
Principal
      Amount       Value
CORPORATE BONDS (continued)
Utilities (continued)
Duke Energy Corp.
       3.750%, 04/15/2024 $ 500,000 $ 500,113
       4.800%, 12/15/2045 500,000 536,813
Entergy Corp.
       5.125%, 09/15/2020 310,000 322,729
Entergy Texas, Inc.
       7.125%, 02/01/2019 50,000 51,633
Exelon Corp.
       3.400%, 04/15/2026 542,000 523,049
       5.150%, 12/01/2020 310,000 322,672
Exelon Generation Company LLC
       6.250%, 10/01/2039 160,000 174,262
Florida Power & Light Company
       5.650%, 02/01/2037 290,000 361,306
Georgia Power Company
       5.950%, 02/01/2039 335,000 418,212
Hydro-Quebec
       8.400%, 01/15/2022 250,000 293,606
Indiana Michigan Power Company
       6.050%, 03/15/2037 187,000 234,631
NiSource, Inc.
       6.800%, 01/15/2019 59,000 60,786
Oncor Electric Delivery Company LLC
       7.500%, 09/01/2038 188,000 277,299
Pacific Gas & Electric Company
       3.500%, 10/01/2020 60,000 60,396
       6.050%, 03/01/2034 454,000 540,502
PacifiCorp
       6.000%, 01/15/2039 335,000 432,526
Pennsylvania Electric Company
       5.200%, 04/01/2020 300,000 310,172
PPL Capital Funding, Inc.
       3.400%, 06/01/2023 250,000 248,386
PPL WEM, Ltd.
       5.375%, 05/01/2021 (D) 60,000 62,890
Progress Energy, Inc.
       4.400%, 01/15/2021 305,000 313,327
       7.050%, 03/15/2019 50,000 51,886
Public Service Electric & Gas Company
       3.000%, 05/15/2025 250,000 244,272
San Diego Gas & Electric Company
       6.125%, 09/15/2037 202,000 260,419
Southern California Edison Company
       5.350%, 07/15/2035 130,000 151,284
The Southern Company
       3.250%, 07/01/2026 572,000 543,192
Virginia Electric & Power Company
       3.450%, 09/01/2022 50,000 50,370
       8.875%, 11/15/2038 190,000 310,760
10,209,166
TOTAL CORPORATE BONDS (Cost
$144,112,018) $ 151,043,418
           
MUNICIPAL BONDS – 0.8%
Bay Area Toll Authority (California)
       6.907%, 10/01/2050 50,000 74,766
Illinois State Toll Highway Authority
       6.184%, 01/01/2034 150,000 190,572
Maryland State Transportation Authority
       5.888%, 07/01/2043 60,000 77,561
Metropolitan Washington Airports
       Authority Dulles Toll Road
       7.462%, 10/01/2046 40,000 59,261
New Jersey Turnpike Authority
       7.102%, 01/01/2041 90,000 128,825
New York State Dormitory Authority
       5.628%, 03/15/2039 340,000 411,563
New York State Urban Development
       Corp.
       5.770%, 03/15/2039 300,000 358,890
North Carolina Turnpike Authority
       6.700%, 01/01/2039 60,000 61,870
State of California
       7.300%, 10/01/2039 400,000 583,340
       7.500%, 04/01/2034 80,000 115,392
State of Illinois, GO
       5.100%, 06/01/2033 115,000 107,793
       7.350%, 07/01/2035 280,000 305,612
State of Texas
       5.517%, 04/01/2039 260,000 333,180
State of Utah
       3.539%, 07/01/2025 390,000 398,853
       4.554%, 07/01/2024 260,000 276,112
State of Washington
       5.481%, 08/01/2039 260,000 319,101
Texas Transportation Commission State
       Highway Fund
       5.178%, 04/01/2030 310,000 362,833
University of California
       5.770%, 05/15/2043 320,000 408,230
TOTAL MUNICIPAL BONDS (Cost $3,855,169) $ 4,573,754
         
COLLATERALIZED MORTGAGE
OBLIGATIONS – 2.8%
Commercial and residential – 2.1%
Banc of America Commercial Mortgage
       Trust
       Series 2015-UBS7, Class A4
       3.705%, 09/15/2048 145,000 147,001
BANK
       Series 2017-BNK6, Class A4
       3.254%, 07/15/2060 2,000,000 1,966,076
Commercial Mortgage Trust (Cantor
       Fitzgerald/Deutsche Bank AG)
       Series 2012-CR3, Class A3,
              2.822%, 10/15/2045 500,000 492,357
       Series 2012-CR5, Class A4,
              2.771%, 12/10/2045 179,000 175,600
       Series 2014-CR14, Class A3,
              3.955%, 02/10/2047 1,000,000 1,033,819
       Series 2014-CR21, Class A3,
              3.528%, 12/10/2047 700,000 705,413
GS Mortgage Securities Trust
       Series 2016-GS4, Class A3,
              3.178%, 11/10/2049 3,000,000 2,934,743
       Series 2017-GS5, Class A3,
              3.409%, 03/10/2050 3,000,000 2,974,984
JPMBB Commercial Mortgage Securities
       Trust
       Series 2013-C14, Class A4
       4.133%, 08/15/2046 (E) 400,000 417,226
JPMorgan Chase Commercial Mortgage
       Securities Trust
       Series 2013-C16, Class A4
       4.166%, 12/15/2046 500,000 520,809
Morgan Stanley Bank of America Merrill
       Lynch Trust
       Series 2013-C7, Class A4
       2.918%, 02/15/2046 240,000 236,811

297



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

Shares or
Principal
      Amount       Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial and
residential (continued)
Morgan Stanley Capital I Trust
       Series 2011-C1, Class A4
       5.033%, 09/15/2047 (D)(E) $ 190,000 $ 197,046
11,801,885
U.S. Government Agency – 0.7%
Federal Home Loan Mortgage Corp.
       Series K005, Class A2,
              4.317%, 11/25/2019 700,000 716,548
       Series K013, Class A2,
              3.974%, 01/25/2021 (E) 700,000 720,208
       Series K041, Class A2,
              3.171%, 10/25/2024 700,000 705,347
       Series K047, Class A2,
              3.329%, 05/25/2025 (E) 700,000 711,166
       Series K050, Class A2,
              3.334%, 08/25/2025 (E) 700,000 710,689
       Series K712, Class A2,
              1.869%, 11/25/2019 675,895 669,076
4,233,034
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $16,722,469) $ 16,034,919
             
ASSET BACKED SECURITIES – 0.0%
Ally Auto Receivables Trust
       Series 2015-1, Class A3
       1.390%, 09/16/2019 69,217 69,116
TOTAL ASSET BACKED SECURITIES (Cost
$69,282) $ 69,116
             
SECURITIES LENDING COLLATERAL – 0.4%
John Hancock Collateral Trust,
       1.8276% (F)(G) 223,549 2,235,892
TOTAL SECURITIES LENDING COLLATERAL (Cost
$2,236,186) $ 2,235,892
             
SHORT-TERM INVESTMENTS – 8.9%
Money market funds – 8.9%
State Street Institutional
       U.S. Government Money Market
       Fund, Premier Class, 1.5812% (F) 50,847,891 50,847,891
TOTAL SHORT-TERM INVESTMENTS (Cost $50,847,891) $ 50,847,891
Total Investments (Total Bond Market Trust)
       (Cost $611,034,267) – 107.8% $ 613,278,524
Other assets and liabilities, net – (7.8%) (44,636,401 )
TOTAL NET ASSETS – 100.0% $ 568,642,123

Security Abbreviations and Legend

CMT         Constant Maturity Treasury
GO General Obligation
LIBOR London Interbank Offered Rate
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) Security purchased or sold on a when-issued or delayed delivery basis.
(B) Variable rate obligation. The coupon rate shown represents the rate at period end.
(C) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $2,191,863.
(D)

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.

(E)

Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end.

(F)

The rate shown is the annualized seven-day yield as of 3-31-18.

(G)

Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

Total Stock Market Index Trust

Shares or
Principal
      Amount       Value
COMMON STOCKS – 98.7%
Consumer discretionary – 13.2%
Auto components – 0.3%
Adient PLC 2,330 $ 139,241
ADOMANI, Inc. (A) 1,883 2,222
American Axle & Manufacturing
       Holdings, Inc. (A) 2,564 39,024
Autoliv, Inc. (B) 2,194 320,192
BorgWarner, Inc. 5,309 266,671
Cooper Tire & Rubber Company 1,198 35,101
Dana, Inc. 3,682 94,848
Dorman Products, Inc. (A) 834 55,219
Fox Factory Holding Corp. (A) 1,019 35,563
Gentex Corp. 7,411 170,601
Gentherm, Inc. (A) 1,021 34,663
Horizon Global Corp. (A) 693 5,710
LCI Industries 621 64,677
Lear Corp. 1,717 319,517
Modine Manufacturing Company (A) 1,377 29,124
Motorcar Parts of America, Inc. (A) 518 11,101
Shiloh Industries, Inc. (A) 768 6,682
Standard Motor Products, Inc. 472 22,453
Stoneridge, Inc. (A) 780 21,528
Strattec Security Corp. 18 654
Superior Industries International, Inc. 698 9,283
Tenneco, Inc. 1,320 72,428
The Goodyear Tire & Rubber Company 6,384 169,687
Tower International, Inc. 572 15,873
Visteon Corp. (A) 782 86,208
VOXX International Corp. (A) 1,157 5,727
2,033,997
Automobiles – 0.5%
Ford Motor Company 101,382 1,123,313
General Motors Company 36,244 1,317,107
Harley-Davidson, Inc. 4,339 186,056
Tesla, Inc. (A)(B) 4,291 1,141,964
Thor Industries, Inc. 1,370 157,783
Winnebago Industries, Inc. 850 31,960
3,958,183
Distributors – 0.1%
Core-Mark Holding Company, Inc. 1,276 27,128
Funko, Inc., Class A (A) 1,206 9,901
Genuine Parts Company 3,744 336,361
LKQ Corp. (A) 7,875 298,856
Pool Corp. 1,008 147,390
Weyco Group, Inc. 306 10,282
829,918
Diversified consumer services – 0.2%
Adtalem Global Education, Inc. (A) 1,497 71,182
American Public Education, Inc. (A) 452 19,436
Ascent Capital Group, Inc., Class A (A) 601 2,212

298



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Diversified consumer services (continued)
Bridgepoint Education, Inc. (A) 803 $ 5,412
Bright Horizons Family
       Solutions, Inc. (A) 1,530 152,572
Capella Education Company 320 27,952
Career Education Corp. (A) 1,900 24,966
Carriage Services, Inc. 454 12,558
Chegg, Inc. (A) 2,880 59,501
Collectors Universe, Inc. 319 5,011
Graham Holdings Company, Class B 140 84,315
Grand Canyon Education, Inc. (A) 1,227 128,737
H&R Block, Inc. 5,406 137,366
Houghton Mifflin Harcourt Company (A) 3,437 23,887
ITT Educational Services, Inc. (A) 608 1
K12, Inc. (A) 1,107 15,697
Laureate Education, Inc., Class A (A) 4,617 63,484
Regis Corp. (A) 1,290 19,518
Service Corp. International 4,691 177,038
ServiceMaster Global Holdings, Inc. (A) 3,475 176,704
Sotheby’s (A) 1,279 65,625
StoneMor Partners LP 1,314 8,160
Strayer Education, Inc. 223 22,534
Weight Watchers International, Inc. (A) 1,634 104,118
1,407,986
Hotels, restaurants and leisure – 2.2%
Ambassadors Group, Inc. (A)(C) 714 29
Aramark 6,323 250,138
Biglari Holdings, Inc. (A) 58 23,688
BJ’s Restaurants, Inc. 588 26,401
Bloomin’ Brands, Inc. 2,203 53,489
Bluegreen Vacations Corp. (B) 1,967 41,641
Bojangles’, Inc. (A) 1,044 14,459
Boyd Gaming Corp. (B) 2,876 91,629
Brinker International, Inc. 1,146 41,371
Caesars Entertainment Corp. (A) 17,999 202,489
Carnival Corp. 13,687 897,593
Carrols Restaurant Group, Inc. (A) 1,021 11,435
Cedar Fair LP (B) 1,469 93,840
Century Casinos, Inc. (A) 941 7,020
Chipotle Mexican Grill, Inc. (A)(B) 721 232,962
Choice Hotels International, Inc. 1,456 116,698
Churchill Downs, Inc. 390 95,180
Chuy’s Holdings, Inc. (A) 463 12,131
Cracker Barrel Old Country
       Store, Inc. (B) 604 96,157
Darden Restaurants, Inc. 3,147 268,282
Dave & Buster’s Entertainment, Inc. (A) 1,124 46,916
Del Frisco’s Restaurant Group, Inc. (A) 625 9,531
Denny’s Corp. (A) 1,378 21,263
Dine Brands Global, Inc. 499 32,724
Domino’s Pizza, Inc. 1,106 258,317
Drive Shack, Inc. (A) 2,101 10,043
Dunkin’ Brands Group, Inc. (B) 2,341 139,734
El Pollo Loco Holdings, Inc. (A) 1,113 10,574
Empire Resorts, Inc. (A) 878 15,146
Extended Stay America, Inc. 4,854 95,964
Fiesta Restaurant Group, Inc. (A) 753 13,931
Fogo De Chao, Inc. (A) 800 12,600
Golden Entertainment, Inc. (A) 617 14,333
Hilton Grand Vacations, Inc. (A) 2,518 108,324
Hilton Worldwide Holdings, Inc. 8,176 643,942
Hyatt Hotels Corp., Class A 3,068 233,966
ILG, Inc. 3,142 97,748
Inspired Entertainment, Inc. (A) 637 3,504
International Speedway Corp., Class A 1,065 46,967
J Alexander’s Holdings, Inc. (A) 735 8,416
Jack in the Box, Inc. 716 61,096
Las Vegas Sands Corp. 20,187 1,451,445
Marriott International, Inc., Class A 9,309 1,265,838
Marriott Vacations Worldwide Corp. 678 90,310
McDonald’s Corp. 20,367 3,184,991
MGM Resorts International 14,459 506,354
Monarch Casino & Resort, Inc. (A) 484 20,468
Nathan’s Famous, Inc. 120 8,868
Noodles & Company (A) 483 3,647
Norwegian Cruise Line
       Holdings, Ltd. (A) 5,777 306,008
Papa John’s International, Inc. (B) 860 49,278
Penn National Gaming, Inc. (A) 2,283 59,952
Pinnacle Entertainment, Inc. (A) 1,616 48,722
Planet Fitness, Inc., Class A (A) 2,442 92,234
Potbelly Corp. (A) 696 8,387
RCI Hospitality Holdings, Inc. 282 8,006
Red Lion Hotels Corp. (A) 891 8,687
Red Robin Gourmet Burgers, Inc. (A) 348 20,184
Red Rock Resorts, Inc., Class A 2,945 86,230
Restaurant Brands International LP 82 4,651
Royal Caribbean Cruises, Ltd. 5,469 643,920
Ruth’s Hospitality Group, Inc. 825 20,171
Scientific Games Corp. (A) 2,295 95,472
SeaWorld Entertainment, Inc. (A)(B) 2,060 30,550
Shake Shack, Inc., Class A (A)(B) 1,005 41,838
Six Flags Entertainment Corp. 2,125 132,303
Sonic Corp. (B) 1,152 29,065
Speedway Motorsports, Inc. 1,148 20,457
Starbucks Corp. 36,340 2,103,723
Texas Roadhouse, Inc. 1,791 103,484
The Cheesecake Factory, Inc. (B) 1,116 53,814
The Habit Restaurants, Inc.,
       Class A (A)(B) 714 6,283
The Marcus Corp. 791 24,007
The Wendy’s Company 6,187 108,582
Town Sports International
       Holdings, Inc. (A) 1,108 8,421
Vail Resorts, Inc. 1,020 226,134
Wingstop, Inc. 647 30,558
Wyndham Worldwide Corp. 2,587 296,030
Wynn Resorts, Ltd. 2,625 478,695
Yum! Brands, Inc. 8,618 733,650
Zoe’s Kitchen, Inc. (A)(B) 652 9,415
16,882,503
Household durables – 0.5%
AV Homes, Inc. (A) 640 11,872
Bassett Furniture Industries, Inc. 298 9,044
Beazer Homes USA, Inc. (A) 924 14,738
Cavco Industries, Inc. (A) 196 34,055
Century Communities, Inc. (A) 749 22,433
CSS Industries, Inc. 262 4,585
D.R. Horton, Inc. 9,556 418,935
Ethan Allen Interiors, Inc. 740 16,983
Flexsteel Industries, Inc. 230 9,103
GoPro, Inc., Class A (A)(B) 3,979 19,059
Green Brick Partners, Inc. (A) 1,360 14,824
Hamilton Beach Brands Holding
       Company, Class A 354 7,512
Hamilton Beach Brands Holding
       Company, Class B 241 5,114
Helen of Troy, Ltd. (A) 668 58,116
Hooker Furniture Corp. 321 11,781
Hovnanian Enterprises, Inc., Class A (A) 4,195 7,677
Installed Building Products, Inc. (A) 869 52,183

299



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Household durables (continued)
iRobot Corp. (A) 754 $ 48,399
KB Home 2,322 66,061
La-Z-Boy, Inc. 1,316 39,414
Leggett & Platt, Inc. 3,287 145,811
Lennar Corp., A Shares 8,656 510,185
Lennar Corp., B Shares 177 8,441
Libbey, Inc. 811 3,966
Lifetime Brands, Inc. 408 5,059
M/I Homes, Inc. (A) 682 21,722
MDC Holdings, Inc. 1,276 35,626
Meritage Homes Corp. (A) 1,102 49,866
Mohawk Industries, Inc. (A) 1,894 439,825
Newell Brands, Inc. 12,490 318,245
NVR, Inc. (A) 94 263,200
PICO Holdings, Inc. (A) 659 7,546
PulteGroup, Inc. 7,418 218,757
Roku, Inc. (A) 2,508 77,999
Skyline Corp. (A) 372 8,184
Taylor Morrison Home Corp.,
       Class A (A) 2,943 68,513
Tempur Sealy International, Inc. (A)(B) 1,354 61,323
The New Home Company, Inc. (A) 680 7,534
Toll Brothers, Inc. 3,947 170,708
TopBuild Corp. (A) 858 65,654
TRI Pointe Group, Inc. (A) 3,712 60,988
Tupperware Brands Corp. 1,242 60,088
Universal Electronics, Inc. (A) 411 21,393
Whirlpool Corp. 1,829 280,038
William Lyon Homes, Class A (A) 866 23,806
ZAGG, Inc. (A) 759 9,260
3,815,625
Internet and direct marketing retail – 3.3%
1-800-Flowers.com, Inc., Class A (A) 1,804 21,287
Amazon.com, Inc. (A) 12,303 17,806,624
Blue Apron Holdings, Inc.,
       Class A (A)(B) 5,231 10,462
Booking Holdings, Inc. (A) 1,245 2,590,086
Duluth Holdings, Inc., Class B (A)(B) 791 14,815
Expedia Group, Inc. 3,890 429,495
Gaia, Inc. (A) 625 9,688
Groupon, Inc. (A)(B) 13,736 59,614
Lands’ End, Inc. (A)(B) 910 21,249
Liberty Expedia Holdings, Inc.,
       Series A (A) 1,329 52,203
Liberty Interactive Corp., Series A (A) 13,144 330,834
Liberty TripAdvisor Holdings, Inc.,
       Class A (A) 2,003 21,532
Netflix, Inc. (A) 11,046 3,262,436
Nutrisystem, Inc. 811 21,856
Overstock.com, Inc. (A)(B) 682 24,723
PetMed Express, Inc. (B) 556 23,213
Shutterfly, Inc. (A) 806 65,488
Stitch Fix, Inc., Class A (A)(B) 2,477 50,234
TripAdvisor, Inc. (A)(B) 3,215 131,461
Wayfair, Inc., Class A (A) 2,259 152,550
25,099,850
Leisure products – 0.1%
Acushnet Holdings Corp. 2,053 47,404
American Outdoor Brands Corp. (A) 1,471 15,181
Brunswick Corp. 2,263 134,400
Callaway Golf Company 2,559 41,865
Clarus Corp. (A) 1,048 7,074
Escalade, Inc. 562 7,699
Hasbro, Inc. 3,161 266,472
Johnson Outdoors, Inc., Class A 271 16,802
Malibu Boats, Inc., Class A (A) 547 18,166
Marine Products Corp. 951 13,324
Mattel, Inc. (B) 8,959 117,811
MCBC Holdings, Inc. (A) 506 12,751
Nautilus, Inc. (A) 835 11,231
Polaris Industries, Inc. 1,566 179,338
Sturm Ruger & Company, Inc. (B) 478 25,095
Vista Outdoor, Inc. (A) 1,584 25,851
940,464
Media – 2.7%
Altice USA, Inc., Class A (A)(B) 18,824 347,868
AMC Entertainment Holdings, Inc.,
       Class A (B) 3,117 43,794
AMC Networks, Inc., Class A (A) 1,604 82,927
Beasley Broadcast Group, Inc., Class A 797 9,006
Cable One, Inc. 145 99,631
CBS Corp., Class B 10,206 524,486
Charter Communications, Inc.,
       Class A (A) 6,347 1,975,313
Cinemark Holdings, Inc. 2,991 112,671
Clear Channel Outdoor Holdings, Inc.,
       Class A 9,421 46,163
Comcast Corp., Class A 119,316 4,077,028
Discovery Communications, Inc.,
       Series A (A)(B) 9,566 204,999
Discovery Communications, Inc.,
       Series C (A) 3,548 69,257
DISH Network Corp., Class A (A) 11,902 450,967
Emerald Expositions Events, Inc. 1,991 38,785
Entercom Communications Corp.,
       Class A (B) 1,117 10,779
Entravision Communications Corp.,
       Class A 2,537 11,924
Gannett Company, Inc. 3,172 31,657
GCI Liberty, Inc., Class A (A) 2,709 143,198
Global Eagle Entertainment, Inc. (A)(B) 2,583 3,797
Gray Television, Inc. (A) 1,979 25,133
Hemisphere Media Group, Inc. (A) 1,208 13,590
John Wiley & Sons, Inc., Class A 1,493 95,104
Lee Enterprises, Inc. (A) 44 86
Liberty Broadband Corp., Series A (A) 4,636 393,133
Liberty Media Corp.-Liberty Braves,
       Class A (A) 1,032 23,457
Liberty Media Corp.-Liberty Formula
       One, Series A (A) 6,001 175,769
Liberty Media Corp.-Liberty SiriusXM,
       Series A (A) 8,588 352,967
Lions Gate Entertainment Corp., Class B 5,304 127,720
Live Nation Entertainment, Inc. (A) 5,296 223,173
Loral Space & Communications, Inc. (A) 594 24,740
Media General, Inc. (A)(C) 3,256 313
Meredith Corp. 1,079 58,050
MSG Networks, Inc., Class A (A) 1,826 41,268
National CineMedia, Inc. 1,815 9,420
New Media Investment Group, Inc. 1,502 25,744
News Corp., Class A 15,027 237,427
Nexstar Media Group, Inc., Class A 1,172 77,938
Omnicom Group, Inc. 5,876 427,009
Reading International, Inc., Class A (A) 725 12,071
Saga Communications, Inc., Class A 170 6,333
Salem Media Group, Inc. 1,184 4,262
Scholastic Corp. 984 38,219
Sinclair Broadcast Group, Inc., Class A 2,606 81,568
Sirius XM Holdings, Inc. (B) 117,352 732,276

300



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Media (continued)
TEGNA, Inc. 5,315 $ 60,538
The EW Scripps Company, Class A 2,273 27,253
The Interpublic Group of
       Companies, Inc. 9,882 227,582
The Madison Square Garden Company,
       Class A (A) 615 151,167
The New York Times Company, Class A 4,013 96,713
The Walt Disney Company 38,559 3,872,866
Time Warner, Inc. 19,879 1,880,156
Townsquare Media Inc., Class A 744 5,900
Twenty-First Century Fox, Inc., Class A 47,295 1,735,254
Viacom, Inc., Class B 10,199 316,781
WideOpenWest, Inc. (A)(B) 2,475 17,696
World Wrestling Entertainment, Inc.,
       Class A (B) 1,889 68,023
19,950,949
Multiline retail – 0.4%
Big Lots, Inc. (B) 1,051 45,750
Dillard’s, Inc., Class A (B) 669 53,747
Dollar General Corp. 6,972 652,231
Dollar Tree, Inc. (A) 6,051 574,240
Fred’s, Inc., Class A 1,436 4,294
J.C. Penney Company, Inc. (A) 8,635 26,078
Kohl’s Corp. 4,291 281,103
Macy’s, Inc. 7,630 226,916
Nordstrom, Inc. 4,178 202,257
Ollie’s Bargain Outlet Holdings, Inc. (A) 1,527 92,078
Sears Holdings Corp. (A)(B) 3,034 8,101
Target Corp. 13,882 963,827
3,130,622
Specialty retail – 2.1%
Aaron’s, Inc. 1,720 80,152
Abercrombie & Fitch Company, Class A 1,851 44,813
Advance Auto Parts, Inc. 1,862 220,740
American Eagle Outfitters, Inc. 4,414 87,971
America’s Car-Mart, Inc. (A) 206 10,393
Asbury Automotive Group, Inc. (A) 564 38,070
Ascena Retail Group, Inc. (A) 5,700 11,457
At Home Group, Inc. (A) 1,656 53,058
AutoNation, Inc. (A) 2,377 111,196
AutoZone, Inc. (A) 701 454,732
Barnes & Noble Education, Inc. (A) 1,290 8,888
Barnes & Noble, Inc. 1,984 9,821
Bed Bath & Beyond, Inc. 3,609 75,753
Best Buy Company, Inc. 7,458 521,985
Big 5 Sporting Goods Corp. (B) 98 711
Boot Barn Holdings, Inc. (A) 444 7,872
Burlington Stores, Inc. (A) 1,732 230,616
Caleres, Inc. 1,169 39,278
Camping World Holdings, Inc., Class A 2,166 69,854
CarMax, Inc. (A) 4,630 286,782
Carvana Company (A)(B) 3,206 73,514
Chico’s FAS, Inc. 3,502 31,658
Citi Trends, Inc. 385 11,900
Conn’s, Inc. (A) 845 28,730
Dick’s Sporting Goods, Inc. 2,719 95,301
DSW, Inc., Class A 2,175 48,851
Express, Inc. (A) 2,151 15,401
Five Below, Inc. (A) 1,385 101,576
Floor & Decor Holdings, Inc.,
       Class A (A) 2,420 126,130
Foot Locker, Inc. 3,230 147,094
Francesca’s Holdings Corp. (A) 1,127 5,410
GameStop Corp., Class A (B) 2,745 34,642
Genesco, Inc. (A) 539 21,883
GNC Holdings, Inc., Class A (A)(B) 1,935 7,469
Group 1 Automotive, Inc. 565 36,917
Guess?, Inc. 2,247 46,603
Haverty Furniture Companies, Inc. 576 11,606
Hibbett Sports, Inc. (A) 587 14,059
J. Jill, Inc. (A) 590 2,608
Kirkland’s, Inc. (A) 654 6,337
L Brands, Inc. 7,206 275,341
Lithia Motors, Inc., Class A 615 61,820
Lowe’s Companies, Inc. 21,212 1,861,353
Lumber Liquidators
       Holdings, Inc. (A)(B) 773 18,490
MarineMax, Inc. (A) 639 12,429
Monro, Inc. 900 48,240
Murphy USA, Inc. (A) 883 64,282
National Vision Holdings, Inc. (A) 1,884 60,872
New York & Company, Inc. (A) 1,113 3,762
Office Depot, Inc. 14,200 30,530
O’Reilly Automotive, Inc. (A) 2,169 536,567
Party City Holdco, Inc. (A) 3,293 51,371
Penske Automotive Group, Inc. 2,190 97,083
Pier 1 Imports, Inc. 2,309 7,435
Rent-A-Center, Inc. (B) 1,478 12,755
RH (A)(B) 575 54,786
Ross Stores, Inc. 9,851 768,181
Sally Beauty Holdings, Inc. (A) 3,183 52,360
Shoe Carnival, Inc. 473 11,257
Signet Jewelers, Ltd. 1,510 58,165
Sleep Number Corp. (A) 1,122 39,438
Sonic Automotive, Inc., Class A 1,195 22,645
Sportsman’s Warehouse
       Holdings, Inc. (A)(B) 611 2,493
Tailored Brands, Inc. 1,359 34,057
The Buckle, Inc. (B) 1,349 29,880
The Cato Corp., Class A 707 10,421
The Children’s Place, Inc. (B) 418 56,535
The Container Store Group, Inc. (A) 1,896 10,314
The Finish Line, Inc., Class A (B) 1,105 14,962
The Gap, Inc. 9,913 309,286
The Home Depot, Inc. 29,813 5,313,869
The Michaels Companies, Inc. (A) 4,641 91,474
The TJX Companies, Inc. 16,150 1,317,194
Tiffany & Company 3,155 308,117
Tile Shop Holdings, Inc. 1,453 8,718
Tilly’s, Inc., A Shares 745 8,419
Tractor Supply Company 3,234 203,807
TravelCenters of America LLC (A) 1,582 5,695
Ulta Beauty, Inc. (A) 1,556 317,844
Urban Outfitters, Inc. (A) 2,819 104,190
Williams-Sonoma, Inc. 2,174 114,700
Winmark Corp. 120 15,696
Zumiez, Inc. (A) 690 16,491
15,675,155
Textiles, apparel and luxury goods – 0.8%
Canada Goose Holdings, Inc. (A) 987 32,986
Carter’s, Inc. 1,232 128,251
Columbia Sportswear Company 1,807 138,109
Crocs, Inc. (A) 1,998 32,468
Culp, Inc. 350 10,693
Deckers Outdoor Corp. (A) 790 71,124
Delta Apparel, Inc. (A) 6 108
Fossil Group, Inc. (A)(B) 1,362 17,297
G-III Apparel Group, Ltd. (A) 1,333 50,227
Hanesbrands, Inc. (B) 9,189 169,261

301



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Textiles, apparel and luxury goods (continued)
Iconix Brand Group, Inc. (A)(B) 1,681 $ 1,866
Movado Group, Inc. 609 23,386
NIKE, Inc., Class B 41,652 2,767,359
Oxford Industries, Inc. 460 34,298
Perry Ellis International, Inc. (A) 446 11,507
PVH Corp. 1,978 299,529
Ralph Lauren Corp. 2,059 230,196
Skechers U.S.A., Inc., Class A (A) 4,105 159,643
Steven Madden, Ltd. 1,459 64,050
Superior Uniform Group, Inc. 424 11,138
Tapestry, Inc. 7,180 377,740
Under Armour, Inc., Class A (A)(B) 11,453 187,257
Unifi, Inc. (A) 506 18,343
Vera Bradley, Inc. (A) 1,019 10,812
VF Corp. 10,091 747,945
Wolverine World Wide, Inc. 2,408 69,591
5,665,184
99,390,436
Consumer staples – 7.4%
Beverages – 1.7%
Brown-Forman Corp., Class B 12,258 666,835
Castle Brands, Inc. (A) 6,010 7,452
Coca-Cola Bottling
       Company Consolidated 256 44,204
Constellation Brands, Inc., Class A 4,991 1,137,549
Craft Brew Alliance, Inc. (A) 540 10,044
Crimson Wine Group, Ltd. (A) 725 7,170
Dr. Pepper Snapple Group, Inc. 4,608 545,495
MGP Ingredients, Inc. 456 40,853
Molson Coors Brewing Company,
       Class B 5,490 413,562
Monster Beverage Corp. (A) 14,395 823,538
National Beverage Corp. 1,188 105,756
PepsiCo, Inc. 36,317 3,964,001
Primo Water Corp. (A) 834 9,766
The Boston Beer Company, Inc.,
       Class A (A) 286 54,068
The Coca-Cola Company 108,790 4,724,750
12,555,043
Food and staples retailing – 1.9%
Casey’s General Stores, Inc. 977 107,245
Costco Wholesale Corp. 11,167 2,104,198
CVS Health Corp. 25,854 1,608,377
Ifresh, Inc. (A) 582 4,772
Ingles Markets, Inc., Class A 577 19,531
Natural Grocers by Vitamin
       Cottage, Inc. (A) 867 6,208
Performance Food Group Company (A) 2,589 77,282
PriceSmart, Inc. 748 62,495
Rite Aid Corp. (A)(B) 25,216 42,363
Safeway, Inc., PDC LL CVR (A)(C) 5,383 108
Smart & Final Stores, Inc. (A) 2,101 11,661
SpartanNash Company 1,037 17,847
Sprouts Farmers Market, Inc. (A) 3,403 79,868
SUPERVALU, Inc. (A) 1,069 16,281
Sysco Corp. 13,308 797,948
The Andersons, Inc. 795 26,315
The Chefs’ Warehouse, Inc. (A) 728 16,744
The Kroger Company 22,669 542,696
United Natural Foods, Inc. (A) 1,210 51,957
US Foods Holding Corp. (A) 5,833 191,147
Village Super Market, Inc., Class A 426 11,234
Walgreens Boots Alliance, Inc. 25,278 1,654,951
Walmart, Inc. 75,653 6,730,847
Weis Markets, Inc. 558 22,867
14,204,942
Food products – 1.4%
Alico, Inc. 238 6,474
Archer-Daniels-Midland Company 14,268 618,803
B&G Foods, Inc. (B) 1,578 37,399
Blue Buffalo Pet Products, Inc. (A) 4,899 195,029
Bunge, Ltd. 3,605 266,554
Calavo Growers, Inc. 482 44,440
Cal-Maine Foods, Inc. (A) 1,150 50,255
Campbell Soup Company 7,669 332,144
Conagra Brands, Inc. 10,427 384,548
Darling Ingredients, Inc. (A) 4,071 70,428
Dean Foods Company 2,501 21,559
Farmer Brothers Company (A) 473 14,285
Flowers Foods, Inc. 5,336 116,645
Fresh Del Monte Produce, Inc. 1,216 55,012
Freshpet, Inc. (A)(B) 952 15,660
General Mills, Inc. 14,513 653,956
Hormel Foods Corp. (B) 13,473 462,393
Hostess Brands, Inc. (A) 3,580 52,948
Ingredion, Inc. 1,839 237,084
J&J Snack Foods Corp. 465 63,500
John B. Sanfilippo & Son, Inc. 306 17,708
Kellogg Company 8,824 573,648
Lamb Weston Holdings, Inc. 3,722 216,695
Lancaster Colony Corp. 696 85,705
Landec Corp. (A) 778 10,153
Lifeway Foods, Inc. (A) 734 4,397
Limoneira Company 402 9,539
McCormick & Company, Inc. 3,346 355,981
Mondelez International, Inc., Class A 38,154 1,592,166
Pilgrim’s Pride Corp. (A) 6,285 154,674
Pinnacle Foods, Inc. 3,091 167,223
Post Holdings, Inc. (A) 1,705 129,171
Sanderson Farms, Inc. 556 66,175
Seaboard Corp. 29 123,685
Seneca Foods Corp., Class A (A) 277 7,673
The Hain Celestial Group, Inc. (A) 2,648 84,921
The Hershey Company 5,386 532,999
The J.M. Smucker Company 2,897 359,257
The Kraft Heinz Company 31,106 1,937,593
Tootsie Roll Industries, Inc. (B) 1,566 46,107
TreeHouse Foods, Inc. (A) 1,388 53,119
Tyson Foods, Inc., Class A 9,386 686,961
10,914,666
Household products – 1.2%
Central Garden & Pet Company,
       Class A (A) 1,204 47,690
Church & Dwight Company, Inc. 6,324 318,477
Colgate-Palmolive Company 22,425 1,607,424
Energizer Holdings, Inc. 1,527 90,979
HRG Group, Inc. (A) 5,076 83,703
Kimberly-Clark Corp. 8,979 988,857
Oil-Dri Corp. of America 207 8,319
Orchids Paper Products Company (A) 26 212
The Clorox Company 3,295 438,597
The Procter & Gamble Company 64,765 5,134,569
WD-40 Company 389 51,231
8,770,058
Personal products – 0.3%
Avon Products, Inc. (A) 12,229 34,730
Coty, Inc., Class A 19,125 349,988
Edgewell Personal Care Company (A) 1,430 69,813

302



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Personal products (continued)
elf Beauty, Inc. (A) 1,282 $ 24,832
Herbalife, Ltd. (A)(B) 2,174 211,900
Inter Parfums, Inc. 861 40,596
Medifast, Inc. 317 29,624
Nature’s Sunshine Products, Inc. (A) 783 8,613
Nu Skin Enterprises, Inc., Class A 1,326 97,739
Revlon, Inc., Class A (A)(B) 1,455 29,973
The Estee Lauder Companies, Inc.,
       Class A 9,402 1,407,667
USANA Health Sciences, Inc. (A) 566 48,619
2,354,094
Tobacco – 0.9%
22nd Century Group, Inc. (A) 3,359 7,894
Altria Group, Inc. 48,710 3,035,607
Philip Morris International, Inc. 39,662 3,942,403
Turning Point Brands, Inc. 537 10,439
Universal Corp. 695 33,708
Vector Group, Ltd. (B) 3,426 69,856
7,099,907
55,898,710
Energy – 6.2%
Energy equipment and services – 0.7%
Archrock Partners LP 1,960 23,951
Archrock, Inc. 1,945 17,019
Baker Hughes, a GE Company 10,876 302,027
Basic Energy Services, Inc. (A) 707 10,209
Bristow Group, Inc. 1,005 13,065
C&J Energy Services, Inc. (A) 1,456 37,594
CARBO Ceramics, Inc. (A)(B) 1,065 7,721
CSI Compressco LP 1,415 10,273
Diamond Offshore Drilling, Inc. (A)(B) 3,260 47,792
Dril-Quip, Inc. (A) 1,008 45,158
Ensco PLC, Class A 1 4
Era Group, Inc. (A) 744 6,956
Exterran Corp. (A) 958 25,579
Fairmount Santrol Holdings, Inc. (A)(B) 6,163 26,193
Forum Energy Technologies, Inc. (A) 2,945 32,395
Geospace Technologies Corp. (A) 444 4,382
Gulf Island Fabrication, Inc. 618 4,388
Gulfmark Offshore, Inc. (A) 272 7,888
Halliburton Company 22,258 1,044,791
Helix Energy Solutions Group, Inc. (A) 4,041 23,397
Helmerich & Payne, Inc. 2,709 180,311
Hi-Crush Partners LP (B) 2,496 26,458
Hornbeck Offshore Services, Inc. (A) 157 457
ION Geophysical Corp. (A) 203 5,501
Keane Group, Inc. (A)(B) 2,573 38,080
Key Energy Services, Inc. (A) 639 7,489
Mammoth Energy Services, Inc. (A) 1,223 39,209
Matrix Service Company (A) 732 10,028
McDermott International, Inc. (A) 6,838 41,643
Nabors Industries, Ltd. 7,764 54,270
National Oilwell Varco, Inc. 9,659 355,548
Natural Gas Services Group, Inc. (A) 329 7,847
NCS Multistage Holdings, Inc. (A) 1,196 17,940
Newpark Resources, Inc. (A) 2,300 18,630
Oceaneering International, Inc. 2,645 49,038
Oil States International, Inc. (A) 1,372 35,946
Parker Drilling Company (A) 677 430
Patterson-UTI Energy, Inc. 5,804 101,628
PHI, Inc., Non-Voting Shares (A) 664 6,799
Pioneer Energy Services Corp. (A) 1,245 3,362
ProPetro Holding Corp. (A)(B) 2,263 35,959
Ranger Energy Services, Inc. (A) 532 4,330
RigNet, Inc. (A) 498 6,773
Rowan Companies PLC, Class A (A) 3,448 39,790
RPC, Inc. (B) 5,565 100,337
Schlumberger, Ltd. 35,346 2,289,714
SEACOR Holdings, Inc. (A) 486 24,835
SEACOR Marine Holdings, Inc. (A) 576 10,956
Select Energy Services, Inc., Class A (A) 2,696 34,024
Smart Sand, Inc. (A)(B) 1,138 6,623
Solaris Oilfield Infrastructure, Inc.,
       Class A (A) 1,173 19,425
Superior Energy Services, Inc. (A) 4,212 35,507
TETRA Technologies, Inc. (A) 3,291 12,341
Tidewater, Inc. (A) 521 14,906
Unit Corp. (A) 1,458 28,810
USA Compression Partners LP 1,701 28,798
Willbros Group, Inc. (A) 2,356 1,302
5,385,826
Oil, gas and consumable fuels – 5.5%
Abraxas Petroleum Corp. (A) 4,699 10,432
Adams Resources & Energy, Inc. 171 7,439
Alliance Holdings GP LP 1,381 34,539
Alliance Resource Partners LP (B) 3,193 56,356
American Midstream Partners LP (B) 1,563 16,880
Amplify Energy Corp. (A) 13 132
Amyris, Inc. (A) 1,494 9,995
Anadarko Petroleum Corp. 13,971 843,988
Andeavor 3,982 400,430
Andeavor Logistics LP 5,509 246,858
Antero Midstream GP LP (B) 4,787 76,544
Antero Midstream Partners LP (B) 4,840 125,308
Antero Resources Corp. (A) 8,232 163,405
Apache Corp. 9,733 374,526
Approach Resources, Inc. (A) 912 2,380
Arch Coal, Inc., Class A 562 51,637
Black Stone Minerals LP 5,274 87,285
Blueknight Energy Partners LP 2,033 8,640
Boardwalk Pipeline Partners LP 6,209 63,021
Bonanza Creek Energy, Inc. (A) 566 15,684
BP Prudhoe Bay Royalty Trust (B) 545 13,026
Buckeye Partners LP 3,765 140,773
Cabot Oil & Gas Corp. 11,702 280,614
California Resources Corp. (A)(B) 1,195 20,494
Callon Petroleum Company (A) 4,851 64,227
Calumet Specialty Products
       Partners LP (A) 2,199 15,503
Carrizo Oil & Gas, Inc. (A) 2,253 36,048
Centennial Resource Development, Inc.,
       Class A (A)(B) 7,155 131,294
Cheniere Energy Partners LP 12,402 360,898
Cheniere Energy, Inc. (A) 6,047 323,212
Chesapeake Energy Corp. (A)(B) 23,039 69,578
Chevron Corp. 48,492 5,530,028
Cimarex Energy Company 2,398 224,213
Clean Energy Fuels Corp. (A) 4,677 7,717
Cloud Peak Energy, Inc. (A) 2,084 6,064
CNX Midstream Partners LP 1,410 25,930
CNX Resources Corp. (A) 5,757 88,831
Concho Resources, Inc. (A) 3,798 570,953
ConocoPhillips 30,522 1,809,649
CONSOL Energy, Inc. (A) 785 22,741
Continental Resources, Inc. (A) 9,580 564,741
Crestwood Equity Partners LP 1,659 42,470
CrossAmerica Partners LP (B) 693 14,248
CVR Refining LP 3,641 47,515
DCP Midstream LP (B) 3,717 130,541

303



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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)
Delek Logistics Partners LP 486 $ 13,778
Delek US Holdings, Inc. 2,921 118,885
Denbury Resources, Inc. (A)(B) 11,499 31,507
Devon Energy Corp. 13,404 426,113
Diamondback Energy, Inc. (A) 2,478 313,517
Dominion Energy Midstream Partners LP 2,492 38,252
Dorchester Minerals LP 927 14,925
Dorian LPG, Ltd. (A) 1,732 12,973
Eclipse Resources Corp. (A) 7,361 10,600
Emerge Energy Services LP (A) 1,048 6,445
Enable Midstream Partners LP (B) 11,317 155,269
Enbridge Energy Management LLC (A) 2,610 23,855
Enbridge Energy Partners LP 8,456 81,516
Energen Corp. (A) 2,514 158,030
Energy Transfer Equity LP (B) 27,582 391,940
Energy Transfer Partners LP 29,455 477,760
Energy XXI Gulf Coast, Inc. (A) 921 3,537
EnLink Midstream LLC 4,643 68,020
EnLink Midstream Partners LP (B) 9,063 123,801
Enterprise Products Partners LP 55,186 1,350,953
Enviva Partners LP 736 20,166
EOG Resources, Inc. 14,768 1,554,627
EP Energy Corp., Class A (A)(B) 7,262 9,731
EQT Corp. 6,578 312,521
EQT GP Holdings LP (B) 6,692 154,451
EQT Midstream Partners LP 2,012 118,768
Evolution Petroleum Corp. 1,062 8,549
Extraction Oil & Gas, Inc. (A) 4,148 47,536
Exxon Mobil Corp. 108,179 8,071,235
Foresight Energy LP 1,851 6,516
Gastar Exploration, Inc. (A)(B) 9,049 6,178
Gener8 Maritime, Inc. (A) 2,421 13,679
Genesis Energy LP (B) 3,110 61,298
Global Partners LP 630 9,671
Green Plains Partners LP 503 8,752
Green Plains, Inc. 1,138 19,118
Gulfport Energy Corp. (A) 5,031 48,549
Halcon Resources Corp. (A) 4,145 20,186
Hallador Energy Company 1,237 8,498
Harvest Natural Resources, Inc. (A)(C) 270 235
Hess Corp. 8,122 411,136
Hess Midstream Partners LP 705 13,423
HighPoint Resources Corp. (A) 2,155 10,947
Holly Energy Partners LP (B) 2,630 72,509
HollyFrontier Corp. 4,513 220,505
Isramco, Inc. (A) 74 7,681
Jagged Peak Energy, Inc. (A)(B) 5,344 75,511
Kimbell Royalty Partners LP 462 8,778
Kinder Morgan, Inc. 57,020 858,721
Laredo Petroleum, Inc. (A) 5,774 50,292
Lilis Energy, Inc. (A) 1,569 6,229
LinnCo LLC (A)(C) 2,890 125
Magellan Midstream Partners LP 5,842 340,881
Marathon Oil Corp. 21,685 349,779
Marathon Petroleum Corp. 12,469 911,609
Martin Midstream Partners LP 1,127 15,215
Matador Resources Company (A) 2,732 81,714
Midstates Petroleum Company, Inc. (A) 691 9,211
MPLX LP 10,607 350,455
Murphy Oil Corp. 4,465 115,376
NACCO Industries, Inc., Class A 210 6,899
Natural Resource Partners LP 361 10,361
Newfield Exploration Company (A) 5,194 126,837
Noble Energy, Inc. 12,418 376,265
Noble Midstream Partners LP 934 43,552
NuStar Energy LP 2,357 48,059
NuStar GP Holdings LLC 854 9,864
Oasis Midstream Partners LP 640 11,334
Oasis Petroleum, Inc. (A) 6,496 52,618
Occidental Petroleum Corp. 19,552 1,270,098
ONEOK, Inc. 9,800 557,816
Overseas Shipholding Group, Inc.,
       Class A (A) 3,040 8,634
Pacific Ethanol, Inc. (A) 1,491 4,473
Panhandle Oil and Gas, Inc., Class A 460 8,878
Parsley Energy, Inc., Class A (A) 6,446 186,870
PBF Energy, Inc., Class A 2,808 95,191
PBF Logistics LP (B) 849 15,664
PDC Energy, Inc. (A) 1,652 80,998
Peabody Energy Corp. 2,586 94,389
Penn Virginia Corp. (A) 412 14,436
Phillips 66 13,062 1,252,907
Phillips 66 Partners LP (B) 3,128 149,456
Pioneer Natural Resources Company 4,345 746,384
Plains All American Pipeline LP 18,524 408,084
Plains GP Holdings LP, Class A (A) 3,911 85,064
QEP Resources, Inc. (A) 5,752 56,312
Range Resources Corp. 6,336 92,125
Renewable Energy Group, Inc. (A) 1,134 14,515
Resolute Energy Corp. (A) 619 21,448
REX American Resources Corp. (A) 174 12,667
Rice Midstream Partners LP 2,004 36,272
Rosehill Resources, Inc. (A) 1,010 5,929
RSP Permian, Inc. (A) 4,109 192,630
Sanchez Energy Corp. (A)(B) 2,348 7,349
SandRidge Energy, Inc. (A) 995 14,437
SemGroup Corp., Class A (B) 1,930 41,302
Shell Midstream Partners LP 4,933 103,840
Ship Finance International, Ltd. (B) 2,278 32,575
SilverBow Resources, Inc. (A) 344 10,010
SM Energy Company 2,730 49,222
Southwestern Energy Company (A) 14,944 64,708
Spectra Energy Partners LP (B) 12,361 415,824
Sprague Resources LP 617 14,715
SRC Energy, Inc. (A) 6,412 60,465
Stone Energy Corp. (A) 561 20,813
Summit Midstream Partners LP 1,801 25,304
Sunoco LP (B) 3,282 83,724
Tallgrass Energy GP LP (B) 4,051 77,050
Tallgrass Energy Partners LP (B) 1,866 70,703
Targa Resources Corp. 5,573 245,212
TC PipeLines LP (B) 1,803 62,546
Teekay Corp. (B) 2,383 19,278
Tellurian, Inc. (A)(B) 5,770 41,602
The Williams Companies, Inc. 21,133 525,366
TransMontaigne Partners LP 488 17,466
Ultra Petroleum Corp. (A) 5,375 22,414
Uranium Energy Corp. (A)(B) 5,616 7,357
USD Partners LP 796 8,239
Valero Energy Corp. 11,171 1,036,334
Valero Energy Partners LP (B) 1,803 63,880
Viper Energy Partners LP 2,820 71,656
W&T Offshore, Inc. (A) 3,851 17,060
Western Gas Equity Partners LP (B) 5,647 187,029
Western Gas Partners LP 3,853 164,408
Whiting Petroleum Corp. (A) 2,203 74,550
WildHorse Resource Development
       Corp. (A)(B) 2,790 53,261
World Fuel Services Corp. 1,629 39,992
WPX Energy, Inc. (A) 10,332 152,707

304



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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)
Zion Oil & Gas, Inc. (A) 2,408 $ 11,462
41,379,713
46,765,539
Financials – 15.1%
Banks – 6.4%
1st Source Corp. 559 28,297
Access National Corp. 573 16,348
Allegiance Bancshares, Inc. (A) 363 14,211
American National Bankshares, Inc. 218 8,197
Ameris Bancorp 1,026 54,275
Ames National Corp. 260 7,150
Arrow Financial Corp. 395 13,410
Associated Banc-Corp 4,400 109,340
Banc of California, Inc. 1,336 25,785
BancFirst Corp. 865 45,932
BancorpSouth Bank 2,230 70,914
Bank of America Corp. 266,240 7,984,538
Bank of Hawaii Corp. 1,058 87,920
Bank of Marin Bancorp 164 11,308
Bank of the Ozarks 3,354 161,898
BankUnited, Inc. 2,713 108,466
Bankwell Financial Group, Inc. 211 6,811
Banner Corp. 903 50,107
Bar Harbor Bankshares 435 12,058
BB&T Corp. 20,133 1,047,721
Berkshire Hills Bancorp, Inc. 1,092 41,441
Blue Hills Bancorp, Inc. 739 15,408
BOK Financial Corp. 1,714 169,669
Boston Private Financial Holdings, Inc. 1,849 27,827
Bridge Bancorp, Inc. 565 18,956
Brookline Bancorp, Inc. 2,094 33,923
Bryn Mawr Bank Corp. 470 20,657
Byline Bancorp, Inc. (A) 825 18,917
C&F Financial Corp. 131 6,891
Cadence BanCorp 2,013 54,814
Camden National Corp. 429 19,091
Capital City Bank Group, Inc. 465 11,509
Capstar Financial Holdings, Inc. (A) 374 7,042
Cathay General Bancorp 2,029 81,119
CBTX, Inc. 597 17,576
CenterState Bank Corp. 2,149 57,013
Central Pacific Financial Corp. 828 23,565
Central Valley Community Bancorp 357 6,983
Century Bancorp, Inc., Class A 144 11,434
Chemical Financial Corp. 1,811 99,025
Chemung Financial Corp. 161 7,482
CIT Group, Inc. 3,433 176,800
Citigroup, Inc. 67,486 4,555,305
Citizens & Northern Corp. 324 7,481
Citizens Financial Group, Inc. 12,552 526,933
City Holding Company 311 21,322
CNB Financial Corp. 426 12,392
CoBiz Financial, Inc. 1,154 22,618
Codorus Valley Bancorp, Inc. 243 6,833
Columbia Banking System, Inc. 1,805 75,720
Comerica, Inc. 4,441 426,025
Commerce Bancshares, Inc. 2,762 165,471
Community Bank System, Inc. 1,373 73,538
Community Trust Bancorp, Inc. 492 22,238
ConnectOne Bancorp, Inc. 882 25,402
County Bancorp, Inc. 255 7,449
Cullen/Frost Bankers, Inc. 1,575 167,060
Customers Bancorp, Inc. (A) 829 24,165
CVB Financial Corp. 3,028 68,554
Eagle Bancorp, Inc. (A) 931 55,720
East West Bancorp, Inc. 3,671 229,584
Enterprise Bancorp, Inc. 327 11,540
Enterprise Financial Services Corp. 619 29,031
Equity Bancshares, Inc., Class A (A) 331 12,962
Farmers & Merchants Bancorp, Inc. (B) 233 9,406
Farmers Capital Bank Corp. 191 7,630
FB Financial Corp. (A) 814 33,040
FCB Financial Holdings, Inc.,
        Class A (A) 1,175 60,043
Fidelity Southern Corp. 746 17,210
Fifth Third Bancorp 18,014 571,945
Financial Institutions, Inc. 417 12,343
First Bancorp (NC) 687 24,492
First BanCorp (PR) (A) 4,742 28,547
First Bancorp, Inc. 302 8,450
First Busey Corp. 1,265 37,596
First Citizens BancShares, Inc., Class A 311 128,518
First Commonwealth Financial Corp. 2,106 29,758
First Community Bancshares, Inc. 482 14,388
First Connecticut Bancorp, Inc. 447 11,443
First Financial Bancorp 1,726 50,658
First Financial Bankshares, Inc. 1,651 76,441
First Financial Corp. 338 14,061
First Financial Northwest, Inc. 440 7,370
First Hawaiian, Inc. 3,571 99,381
First Horizon National Corp. 8,318 156,628
First Internet Bancorp 224 8,288
First Interstate BancSystem, Inc.,
        Class A 1,528 60,432
First Merchants Corp. 1,332 55,544
First Midwest Bancorp, Inc. 2,528 62,164
First Republic Bank 4,011 371,459
Flushing Financial Corp. 803 21,649
FNB Bancorp 217 7,983
FNB Corp. 8,183 110,061
Franklin Financial Network, Inc. (A) 364 11,866
Fulton Financial Corp. 4,357 77,337
German American Bancorp, Inc. 635 21,177
Glacier Bancorp, Inc. 1,946 74,687
Great Southern Bancorp, Inc. 248 12,388
Great Western Bancorp, Inc. 1,582 63,707
Guaranty Bancorp 772 21,886
Guaranty Bancshares, Inc. 253 8,427
Hancock Holding Company 2,161 111,724
Hanmi Financial Corp. 645 19,834
HarborOne Bancorp, Inc. (A) 910 16,071
Heartland Financial USA, Inc. 678 35,968
Heritage Commerce Corp. 1,034 17,040
Heritage Financial Corp. 813 24,878
Hilltop Holdings, Inc. 2,345 55,014
Home BancShares, Inc. 4,401 100,387
Hope Bancorp, Inc. 3,335 60,664
Horizon Bancorp 634 19,026
Huntington Bancshares, Inc. 27,563 416,201
IBERIABANK Corp. 1,366 106,548
Independent Bank Corp. (MA) 752 53,806
Independent Bank Corp. (MI) 561 12,847
Independent Bank Group, Inc. 760 53,732
International Bancshares Corp. 1,816 70,642
Investors Bancorp, Inc. 7,790 106,256
JPMorgan Chase & Co. 88,578 9,740,923
KeyCorp 27,415 535,963
Lakeland Bancorp, Inc. 1,308 25,964
Lakeland Financial Corp. 529 24,456

305



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

Shares or
Principal
Amount Value
COMMON STOCKS (continued)
Banks (continued)
LegacyTexas Financial Group, Inc. 1,316 $ 56,351
Live Oak Bancshares, Inc. 1,100 30,580
M&T Bank Corp. 3,841 708,127
Macatawa Bank Corp. 926 9,510
MainSource Financial Group, Inc. 703 28,577
MB Financial, Inc. 2,135 86,425
MBT Financial Corp. 721 7,751
Mercantile Bank Corp. 455 15,129
Metropolitan Bank Holding Corp. (A) 184 7,748
Midland States Bancorp, Inc. 539 17,011
MidSouth Bancorp, Inc. 608 7,691
MidWestOne Financial Group, Inc. 336 11,185
MutualFirst Financial, Inc. 193 6,996
National Bank Holdings Corp., Class A 721 23,973
National Bankshares, Inc. 188 8,469
National Commerce Corp. (A) 383 16,680
NBT Bancorp, Inc. 1,218 43,215
Northrim BanCorp, Inc. 222 7,670
Norwood Financial Corp. 235 7,071
OFG Bancorp (B) 1,197 12,509
Old National Bancorp 4,160 70,304
Old Point Financial Corp. 230 6,067
Old Second Bancorp, Inc. 816 11,342
Pacific Mercantile Bancorp (A) 820 7,831
Pacific Premier Bancorp, Inc. (A) 1,099 44,180
PacWest Bancorp 3,225 159,734
Park National Corp. 424 43,994
Parke Bancorp, Inc. 348 7,238
Peapack Gladstone Financial Corp. 492 16,428
Penns Woods Bancorp, Inc. 159 6,727
Penson Worldwide, Inc. (A)(C) 1,757 7
Peoples Bancorp of North Carolina, Inc. 237 7,281
Peoples Bancorp, Inc. 508 18,009
People’s United Financial, Inc. 8,947 166,951
People’s Utah Bancorp 486 15,698
Pinnacle Financial Partners, Inc. 2,007 128,849
Popular, Inc. 2,579 107,338
Preferred Bank 341 21,892
Premier Financial Bancorp, Inc. 384 7,146
Prosperity Bancshares, Inc. 1,762 127,974
QCR Holdings, Inc. 353 15,832
RBB Bancorp 407 10,733
Regions Financial Corp. 29,567 549,355
Renasant Corp. 1,360 57,882
Republic Bancorp, Inc., Class A 588 22,520
Republic First Bancorp, Inc. (A) 1,584 13,781
S&T Bancorp, Inc. 768 30,674
Sandy Spring Bancorp, Inc. 750 29,070
Seacoast Banking Corp. of Florida (A) 894 23,664
ServisFirst Bancshares, Inc. 1,445 58,985
Shore Bancshares, Inc. 23 434
Sierra Bancorp 373 9,937
Signature Bank (A) 1,356 192,484
Simmons First National Corp., Class A 2,506 71,296
South State Corp. 984 83,935
Southern First Bancshares, Inc. (A) 207 9,212
Southern National Bancorp of
       Virginia, Inc. 655 10,375
Southside Bancshares, Inc. 820 28,487
State Bank Financial Corp. 839 25,178
Sterling Bancorp 5,728 129,166
Stock Yards Bancorp, Inc. 633 22,218
Summit Financial Group, Inc. 334 8,353
SunTrust Banks, Inc. 12,134 825,597
SVB Financial Group (A) 1,347 323,293
Synovus Financial Corp. 3,105 155,064
TCF Financial Corp. 4,302 98,129
Texas Capital Bancshares, Inc. (A) 1,263 113,544
The Bancorp, Inc. (A) 1,564 16,891
The First of Long Island Corp. 682 18,721
The PNC Financial Services Group, Inc. 12,147 1,837,112
Tompkins Financial Corp. 330 25,001
Towne Bank 1,739 49,735
TriCo Bancshares 628 23,374
TriState Capital Holdings, Inc. (A) 783 18,205
Triumph Bancorp, Inc. (A) 556 22,907
Trustmark Corp. 1,868 58,207
U.S. Bancorp 42,358 2,139,079
UMB Financial Corp. 1,264 91,501
Umpqua Holdings Corp. 5,664 121,266
Union Bankshares Corp. 1,614 59,250
United Bankshares, Inc. 2,659 93,730
United Community Banks, Inc. 1,967 62,256
United Security Bancshares 108 1,161
Univest Corp. of Pennsylvania 733 20,304
Valley National Bancorp 8,410 104,789
Veritex Holdings, Inc. (A) 620 17,155
Washington Trust Bancorp, Inc. 480 25,800
Webster Financial Corp. 2,342 129,747
Wells Fargo & Company 125,709 6,588,409
WesBanco, Inc. 1,219 51,564
West Bancorporation, Inc. 463 11,853
Westamerica Bancorporation 729 42,340
Western Alliance Bancorp (A) 2,712 157,594
Wintrust Financial Corp. 1,427 122,793
Zions Bancorporation 5,163 272,245
48,525,363
Capital markets – 3.5%
Affiliated Managers Group, Inc. 1,405 266,360
Alcentra Capital Corp. 743 5,171
AllianceBernstein Holding LP 2,252 60,466
Ameriprise Financial, Inc. 3,775 558,474
Apollo Investment Corp. 4,804 25,077
Ares Capital Corp. 10,732 170,317
Ares Management LP 1,988 42,543
Arlington Asset Investment Corp.,
       Class A (B) 651 7,187
Artisan Partners Asset Management, Inc.,
       Class A 1,864 62,071
Ashford, Inc. (A) 13 1,244
Associated Capital Group, Inc.,
       Class A (B) 648 24,268
BGC Partners, Inc., Class A 7,348 98,831
BlackRock Capital Investment Corp. 2,080 12,542
BlackRock, Inc. 4,092 2,216,718
Capital Southwest Corp. 445 7,574
Capitala Finance Corp. 849 6,554
Cboe Global Markets, Inc. 2,897 330,548
CME Group, Inc. 8,686 1,404,874
Cohen & Steers, Inc. 1,281 52,085
Cowen, Inc. (A) 889 11,735
Diamond Hill Investment Group, Inc. 97 20,036
Donnelley Financial Solutions, Inc. (A) 943 16,191
E*TRADE Financial Corp. (A) 6,841 379,060
Eaton Vance Corp. 3,000 167,010
Ellington Financial LLC 880 13,033
Evercore, Inc., Class A 977 85,194
FactSet Research Systems, Inc. 990 197,426
Federated Investors, Inc., Class B 2,512 83,901
Fidus Investment Corp. 689 8,874

306



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Capital markets (continued)
Fifth Street Asset Management, Inc. (A) 1,988 $ 2,604
Financial Engines, Inc. 1,735 60,725
Franklin Resources, Inc. 14,133 490,132
FS Investment Corp. 6,798 49,286
GAIN Capital Holdings, Inc. 1,306 8,816
GAMCO Investors, Inc., Class A 821 20,385
Garrison Capital, Inc. 913 7,414
Gladstone Capital Corp. 801 6,889
Gladstone Investment Corp. 886 8,949
Goldman Sachs BDC, Inc. 1,014 19,398
Golub Capital BDC, Inc. 1,248 22,327
Greenhill & Company, Inc. 814 15,059
Hamilton Lane, Inc., Class A 1,091 40,618
Hercules Capital, Inc. 2,271 27,479
Horizon Technology Finance Corp. 674 7,003
Houlihan Lokey, Inc. 1,619 72,207
Interactive Brokers Group, Inc., Class A 1,815 122,041
Intercontinental Exchange, Inc. 14,929 1,082,651
INTL. FCStone, Inc. (A) 532 22,706
Invesco, Ltd. 10,375 332,104
Investment Technology Group, Inc. 905 17,865
KCAP Financial, Inc. 2,234 7,015
Ladenburg Thalmann Financial
       Services, Inc. 5,498 17,978
Lazard, Ltd., Class A 3,248 170,715
Legg Mason, Inc. 2,364 96,097
Longfin Corp. (A)(B) 1,342 23,163
LPL Financial Holdings, Inc. 2,305 140,766
Main Street Capital Corp. (B) 1,549 57,158
MarketAxess Holdings, Inc. 944 205,263
Medley Capital Corp. 1,551 6,173
Moelis & Company, Class A 1,288 65,495
Monroe Capital Corp. 561 6,900
Moody’s Corp. 4,879 786,983
Morgan Stanley 46,147 2,490,092
Morningstar, Inc. 1,093 104,403
MSCI, Inc. 2,277 340,343
MVC Capital, Inc. 751 7,457
Nasdaq, Inc. 4,246 366,090
New Mountain Finance Corp. 2,060 27,089
Newtek Business Services Corp. 477 8,619
Northern Trust Corp. 5,817 599,907
Oaktree Capital Group LLC 3,944 156,182
Oaktree Specialty Lending Corp. 3,932 16,554
Och-Ziff Capital Management
       Group LLC, Class A 14,695 39,236
OFS Capital Corp. 589 6,609
Oppenheimer Holdings, Inc., Class A 431 11,098
Oxford Square Capital Corp. 1,411 8,621
P10 Industries, Inc. (A) 951 1,522
PennantPark Floating Rate Capital, Ltd. 874 11,441
PennantPark Investment Corp. 2,000 13,360
Piper Jaffray Companies 418 34,715
Prospect Capital Corp. (B) 8,791 57,581
Pzena Investment Management, Inc.,
       Class A 1,869 20,802
Raymond James Financial, Inc. 3,665 327,688
S&P Global, Inc. 6,511 1,243,992
Safeguard Scientifics, Inc. (A) 605 7,411
SEI Investments Company 3,986 298,591
Siebert Financial Corp. (A) 573 4,830
Solar Capital, Ltd. 1,192 24,210
Solar Senior Capital, Ltd. 444 7,459
State Street Corp. 9,464 943,845
Stellus Capital Investment Corp. 549 6,319
Stifel Financial Corp. 1,733 102,646
T. Rowe Price Group, Inc. 6,187 668,010
TCG BDC, Inc. 1,609 28,801
TCP Capital Corp. 1,134 16,125
TD Ameritrade Holding Corp. 14,469 856,999
The Bank of New York Mellon Corp. 26,138 1,346,891
The Blackstone Group LP (B) 16,631 531,360
The Carlyle Group LP (B) 2,519 53,781
The Charles Schwab Corp. 34,220 1,786,968
The Goldman Sachs Group, Inc. 9,627 2,424,656
THL Credit, Inc. 925 7,187
Thomson Reuters Corp. 18,123 700,454
TPG Specialty Lending, Inc. 1,654 29,540
Triangle Capital Corp. 1,332 14,825
TriplePoint Venture Growth BDC Corp. 568 6,788
Virtu Financial, Inc., Class A (B) 4,704 155,232
Virtus Investment Partners, Inc. 199 24,636
Waddell & Reed Financial, Inc., Class A 2,262 45,715
Westwood Holdings Group, Inc. 246 13,897
WhiteHorse Finance, Inc. 557 6,918
WisdomTree Investments, Inc. (B) 3,773 34,598
26,397,821
Consumer finance – 0.8%
Ally Financial, Inc. 11,284 306,361
American Express Company 22,159 2,066,992
Capital One Financial Corp. 12,368 1,185,102
Credit Acceptance Corp. (A) 501 165,535
Curo Group Holdings Corp. (A) 1,107 19,040
Discover Financial Services 9,271 666,863
Elevate Credit, Inc. (A) 1,191 8,432
Encore Capital Group, Inc. (A)(B) 709 32,047
Enova International, Inc. (A) 924 20,374
EZCORP, Inc., Class A (A) 1,513 19,972
FirstCash, Inc. 1,191 96,769
Green Dot Corp., Class A (A) 1,239 79,494
Navient Corp. 6,862 90,029
Nelnet, Inc., Class A 1,001 52,462
OneMain Holdings, Inc. (A) 3,431 102,724
PRA Group, Inc. (A)(B) 1,252 47,576
Regional Management Corp. (A) 324 10,316
Santander Consumer USA Holdings, Inc. 9,384 152,959
SLM Corp. (A) 11,082 124,229
Synchrony Financial 19,963 669,359
World Acceptance Corp. (A) 242 25,483
5,942,118
Diversified financial services – 1.7%
Berkshire Hathaway, Inc., Class B (A) 62,991 12,565,445
Leucadia National Corp. 9,207 209,275
Marlin Business Services Corp. 359 10,178
NewStar Financial, Inc. 1,204 593
On Deck Capital, Inc. (A) 2,087 11,666
Voya Financial, Inc. 4,554 229,977
13,027,134
Insurance – 2.3%
Aflac, Inc. 20,056 877,651
Alleghany Corp. 397 243,933
American Equity Investment Life
       Holding Company 2,181 64,034
American Financial Group, Inc. 2,260 253,617
American International Group, Inc. 22,950 1,248,939
American National Insurance Company 693 81,053
AMERISAFE, Inc. 412 22,763
AmTrust Financial Services, Inc. 4,826 59,408
Arch Capital Group, Ltd. (A) 3,318 283,988

307



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Insurance (continued)
Argo Group International Holdings, Ltd. 821 $ 47,131
Arthur J. Gallagher & Company 4,575 314,440
Aspen Insurance Holdings, Ltd. 1,455 65,257
Assurant, Inc. 1,387 126,786
Assured Guaranty, Ltd. 3,025 109,505
Atlas Financial Holdings, Inc. (A) 399 4,130
Axis Capital Holdings, Ltd. 2,127 122,451
Baldwin & Lyons, Inc., Class B 474 10,428
Brighthouse Financial, Inc. (A) 3,009 154,663
Brown & Brown, Inc. 7,044 179,199
Cincinnati Financial Corp. 4,176 310,110
Citizens, Inc. (A)(B) 1,450 10,614
CNA Financial Corp. 6,915 341,255
CNO Financial Group, Inc. 4,299 93,159
Crawford & Company, Class B 1,545 12,700
Donegal Group, Inc., Class A 786 12,419
eHealth, Inc. (A) 508 7,269
EMC Insurance Group, Inc. 620 16,790
Employers Holdings, Inc. 894 36,162
Enstar Group, Ltd. (A) 420 88,305
Erie Indemnity Company, Class A 1,210 142,344
Everest Re Group, Ltd. 1,048 269,147
FBL Financial Group, Inc., Class A 698 48,406
Federated National Holding Company 489 7,712
First American Financial Corp. 2,878 168,881
FNF Group 7,000 280,140
Genworth Financial, Inc., Class A (A) 13,768 38,963
Hallmark Financial Services, Inc. (A) 662 5,905
HCI Group, Inc. 270 10,303
Health Insurance Innovations, Inc.,
       Class A (A) 444 12,832
Heritage Insurance Holdings, Inc. (B) 381 5,776
Horace Mann Educators Corp. 1,124 48,051
Independence Holding Company 423 15,080
Infinity Property & Casualty Corp. 240 28,416
Investors Title Company 53 10,595
Kemper Corp. 1,297 73,929
Kinsale Capital Group, Inc. 565 29,001
Lincoln National Corp. 5,574 407,236
Loews Corp. 8,594 427,380
Maiden Holdings, Ltd. 2,453 15,945
Markel Corp. (A) 358 418,950
Marsh & McLennan Companies, Inc. 13,031 1,076,230
MBIA, Inc. (A) 2,372 21,965
Mercury General Corp. 1,359 62,337
MetLife, Inc. 26,847 1,232,009
National General Holdings Corp. 2,579 62,695
National Western Life Group, Inc.,
       Class A 102 31,098
NI Holdings, Inc. (A) 641 10,705
Old Republic International Corp. 6,868 147,319
Primerica, Inc. 1,138 109,931
Principal Financial Group, Inc. 7,368 448,785
ProAssurance Corp. 1,333 64,717
Prudential Financial, Inc. 10,817 1,120,100
Reinsurance Group of America, Inc. 1,647 253,638
RenaissanceRe Holdings, Ltd. 981 135,878
RLI Corp. 1,102 69,856
Safety Insurance Group, Inc. 334 25,668
Selective Insurance Group, Inc. 1,477 89,654
State Auto Financial Corp. 954 27,256
Stewart Information Services Corp. 487 21,399
The Allstate Corp. 9,163 868,652
The Hanover Insurance Group, Inc. 1,087 128,146
The Hartford Financial Services
       Group, Inc. 9,116 469,656
The Navigators Group, Inc. 829 47,792
The Progressive Corp. 14,857 905,237
The Travelers Companies, Inc. 6,989 970,493
Torchmark Corp. 2,992 251,837
Trupanion, Inc. (A)(B) 822 24,570
United Fire Group, Inc. 546 26,132
United Insurance Holdings Corp. 1,214 23,236
Universal Insurance Holdings, Inc. 948 30,241
Unum Group 5,690 270,901
Validus Holdings, Ltd. 2,018 136,114
W.R. Berkley Corp. 3,104 225,661
White Mountains Insurance Group, Ltd. 98 80,607
17,133,666
Mortgage real estate investment trusts – 0.2%
AG Mortgage Investment Trust, Inc. 700 12,159
AGNC Investment Corp. 10,244 193,816
Annaly Capital Management, Inc. 29,505 307,737
Anworth Mortgage Asset Corp. 2,512 12,058
Apollo Commercial Real Estate
       Finance, Inc. 2,718 48,870
Arbor Realty Trust, Inc. 1,791 15,797
Ares Commercial Real Estate Corp. 789 9,744
ARMOUR Residential REIT, Inc. 1,090 25,375
Blackstone Mortgage Trust, Inc., Class A 2,775 87,191
Capstead Mortgage Corp. 2,561 22,153
Cherry Hill Mortgage Investment Corp. 415 7,279
Chimera Investment Corp. 4,611 80,278
CYS Investments, Inc. 4,143 27,841
Dynex Capital, Inc. 1,252 8,301
Ellington Residential Mortgage REIT 539 5,907
Granite Point Mortgage Trust, Inc. 1,105 18,277
Great Ajax Corp. 535 7,249
Hannon Armstrong Sustainable
       Infrastructure Capital, Inc. 1,459 28,451
Invesco Mortgage Capital, Inc. 3,007 49,255
KKR Real Estate Finance Trust, Inc. 1,084 21,745
Ladder Capital Corp. 2,513 37,896
MFA Financial, Inc. 9,853 74,193
MTGE Investment Corp. 1,241 22,214
New Residential Investment Corp. 7,904 130,021
New York Mortgage Trust, Inc. 3,260 19,332
Orchid Island Capital, Inc. 1,157 8,527
Owens Realty Mortgage, Inc. 420 6,124
PennyMac Mortgage Investment Trust 1,761 31,751
Redwood Trust, Inc. 1,628 25,185
Resource Capital Corp. 859 8,169
Starwood Property Trust, Inc. 6,684 140,030
Sutherland Asset Management Corp. 908 13,756
TPG RE Finance Trust, Inc. 1,656 32,938
Two Harbors Investment Corp. 4,203 64,600
Western Asset Mortgage Capital Corp. 1,158 11,221
1,615,440
Thrifts and mortgage finance – 0.2%
BankFinancial Corp. 481 8,167
Bear State Financial, Inc. 1,132 11,603
Beneficial Bancorp, Inc. 2,111 32,826
BofI Holding, Inc. (A)(B) 1,708 69,225
BSB Bancorp, Inc. (A) 274 8,384
Capitol Federal Financial, Inc. 3,798 46,905
Charter Financial Corp. 405 8,258
Clifton Bancorp, Inc. 589 9,218
Dime Community Bancshares, Inc. 1,015 18,676

308



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

     Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Thrifts and mortgage finance (continued)
Federal Agricultural Mortgage Corp.,
       Class C 294 $ 25,584
Federal Home Loan Mortgage
       Corp. (A)(B) 17,807 24,039
Federal National Mortgage
       Association (A)(B) 28,795 40,601
First Defiance Financial Corp. 274 15,706
Flagstar Bancorp, Inc. (A) 1,375 48,675
Home Bancorp, Inc. 185 7,986
HomeStreet, Inc. (A) 737 21,115
Impac Mortgage Holdings, Inc. (A) 577 4,558
Kearny Financial Corp. 2,293 29,809
LendingTree, Inc. (A)(B) 304 99,758
Luther Burbank Corp. 1,316 15,805
Merchants Bancorp 686 14,749
Meridian Bancorp, Inc. 1,458 29,379
Meta Financial Group, Inc. 249 27,191
MGIC Investment Corp. (A) 9,613 124,969
New York Community Bancorp, Inc. 12,736 165,950
NMI Holdings, Inc., Class A (A) 1,663 27,523
Northfield Bancorp, Inc. 1,351 21,089
Northwest Bancshares, Inc. 2,787 46,153
OceanFirst Financial Corp. 799 21,373
Ocwen Financial Corp. (A) 3,672 15,129
Oritani Financial Corp. 1,196 18,359
PCSB Financial Corp. (A) 498 10,448
PDL Community Bancorp (A) 510 7,472
PennyMac Financial Services, Inc.,
       Class A (A) 648 14,677
PHH Corp. (A) 745 7,793
Provident Bancorp, Inc. (A) 335 8,894
Provident Financial Holdings, Inc. 393 7,109
Provident Financial Services, Inc. 1,805 46,190
Radian Group, Inc. 5,500 104,720
SI Financial Group, Inc. 508 7,315
Southern Missouri Bancorp, Inc. 216 7,906
Sterling Bancorp, Inc. 1,272 17,185
Territorial Bancorp, Inc. 238 7,059
TFS Financial Corp. 7,369 108,251
Timberland Bancorp, Inc. 255 7,752
TrustCo Bank Corp. 2,616 22,105
United Community Financial Corp. 1,410 13,903
United Financial Bancorp, Inc. 1,401 22,696
Walker & Dunlop, Inc. 855 50,804
Washington Federal, Inc. 2,188 75,705
Western New England Bancorp, Inc. 789 8,403
WSFS Financial Corp. 862 41,290
1,656,439
114,297,981
Health care – 12.2%
Biotechnology – 2.9%
AbbVie, Inc. 40,754 3,857,366
Abeona Therapeutics, Inc. (A)(B) 1,100 15,785
ACADIA Pharmaceuticals, Inc. (A)(B) 3,063 68,826
Acceleron Pharma, Inc. (A) 1,207 47,194
Achaogen, Inc. (A)(B) 1,165 15,087
Achillion Pharmaceuticals, Inc. (A) 3,779 14,020
Acorda Therapeutics, Inc. (A) 1,281 30,296
Aduro Biotech, Inc. (A)(B) 2,092 19,456
Advaxis, Inc. (A) 1,973 3,334
Adverum Biotechnologies, Inc. (A) 1,083 6,281
Agenus, Inc. (A)(B) 2,828 13,320
Agios Pharmaceuticals, Inc. (A)(B) 1,424 116,455
Aileron Therapeutics, Inc. (A) 551 4,480
Aimmune Therapeutics, Inc. (A) 1,383 44,021
Akebia Therapeutics, Inc. (A) 1,295 12,341
Albireo Pharma, Inc. (A) 301 9,804
Alder Biopharmaceuticals, Inc. (A) 1,872 23,774
Alexion Pharmaceuticals, Inc. (A) 5,698 635,099
Alkermes PLC (A) 3,914 226,855
Allena Pharmaceuticals, Inc. (A) 769 8,474
Alnylam Pharmaceuticals, Inc. (A) 2,507 298,584
AMAG Pharmaceuticals, Inc. (A) 970 19,546
Ambit Biosciences Corp. (A)(C) 515 309
Amgen, Inc. 18,526 3,158,312
Amicus Therapeutics, Inc. (A)(B) 4,017 60,416
AnaptysBio, Inc. (A) 565 58,805
Apellis Pharmaceuticals, Inc. (A)(B) 1,276 28,212
Ardelyx, Inc. (A) 1,372 6,929
Arena Pharmaceuticals, Inc. (A) 1,075 42,463
Array BioPharma, Inc. (A) 5,256 85,778
Arrowhead Pharmaceuticals, Inc. (A) 2,085 15,033
Arsanis, Inc. (A) 607 13,894
Atara Biotherapeutics, Inc. (A) 861 33,579
Athenex, Inc. (A) 1,583 26,927
aTyr Pharma, Inc. (A) 1,397 3,702
Audentes Therapeutics, Inc. (A) 993 29,840
AVEO Pharmaceuticals, Inc. (A) 3,213 9,318
Avexis, Inc. (A) 915 113,076
Avid Bioservices, Inc. (A) 1,963 5,732
Bellicum Pharmaceuticals, Inc. (A)(B) 939 6,160
BioCryst Pharmaceuticals, Inc. (A)(B) 2,652 12,650
Biogen, Inc. (A) 5,395 1,477,259
BioMarin Pharmaceutical, Inc. (A) 4,477 362,950
BioSpecifics Technologies Corp. (A) 201 8,912
BioTime, Inc. (A)(B) 3,331 8,960
Bluebird Bio, Inc. (A) 1,156 197,387
Blueprint Medicines Corp. (A) 967 88,674
Calithera Biosciences, Inc. (A) 966 6,086
Calyxt, Inc. (A)(B) 758 9,945
Cara Therapeutics, Inc. (A)(B) 894 11,068
CareDx, Inc. (A) 287 2,287
CASI Pharmaceuticals, Inc. (A) 2,445 10,196
Catalyst Pharmaceuticals, Inc. (A) 3,076 7,352
Celcuity, Inc. (A) 383 6,312
Celgene Corp. (A) 20,094 1,792,586
Celldex Therapeutics, Inc. (A) 3,615 8,423
ChemoCentryx, Inc. (A) 1,375 18,700
Chimerix, Inc. (A) 1,404 7,301
Clovis Oncology, Inc. (A) 1,194 63,043
Coherus Biosciences, Inc. (A)(B) 1,434 15,846
Conatus Pharmaceuticals, Inc. (A) 1,457 8,553
Concert Pharmaceuticals, Inc. (A) 641 14,679
Corvus Pharmaceuticals, Inc. (A) 583 6,722
CTI BioPharma Corp. (A) 2,346 9,149
Curis, Inc. (A) 4,744 3,099
Cytokinetics, Inc. (A) 1,480 10,656
CytomX Therapeutics, Inc. (A) 1,018 28,962
Deciphera Pharmaceuticals, Inc. (A) 803 16,092
Denali Therapeutics, Inc. (A)(B) 2,246 44,224
Dicerna Pharmaceuticals, Inc. (A) 1,643 15,707
DNIB Unwind, Inc. (A)(C) 634 92
Dyax Corp. (A)(C) 3,471 10,934
Dynavax Technologies Corp. (A) 1,633 32,415
Eagle Pharmaceuticals, Inc. (A)(B) 418 22,024
Edge Therapeutics, Inc. (A)(B) 892 1,053
Editas Medicine, Inc. (A)(B) 1,148 38,056
Emergent BioSolutions, Inc. (A) 1,282 67,497
Enanta Pharmaceuticals, Inc. (A) 517 41,830

309



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Biotechnology (continued)
Epizyme, Inc. (A) 1,858 $ 32,980
Esperion Therapeutics, Inc. (A) 700 50,631
Exact Sciences Corp. (A) 3,113 125,547
Exelixis, Inc. (A) 7,458 165,195
Fate Therapeutics, Inc. (A) 1,591 15,528
FibroGen, Inc. (A) 2,155 99,561
Five Prime Therapeutics, Inc. (A) 797 13,692
Flexion Therapeutics, Inc. (A)(B) 1,007 22,567
Fortress Biotech, Inc. (A)(B) 1,754 7,981
Foundation Medicine, Inc. (A) 880 69,300
G1 Therapeutics, Inc. (A) 777 28,788
Genomic Health, Inc. (A) 960 30,038
Geron Corp. (A)(B) 4,452 18,921
Gilead Sciences, Inc. 33,339 2,513,427
Global Blood Therapeutics, Inc. (A) 1,066 51,488
GlycoMimetics, Inc. (A) 901 14,623
GTx, Inc. (A) 271 4,810
Halozyme Therapeutics, Inc. (A) 3,467 67,919
Idera Pharmaceuticals, Inc. (A) 4,213 7,752
Immune Design Corp. (A)(B) 768 2,534
ImmunoGen, Inc. (A) 3,078 32,381
Immunomedics, Inc. (A)(B) 3,647 53,283
Incyte Corp. (A) 5,383 448,565
Infinity Pharmaceuticals, Inc. (A) 2,628 5,519
Inovio Pharmaceuticals, Inc. (A)(B) 2,493 11,742
Insmed, Inc. (A) 2,037 45,873
Insys Therapeutics, Inc. (A)(B) 2,022 12,213
Intellia Therapeutics, Inc. (A) 993 20,942
Intercept Pharmaceuticals, Inc. (A)(B) 688 42,326
Intrexon Corp. (A)(B) 3,305 50,666
Invitae Corp. (A)(B) 1,369 6,421
Ionis Pharmaceuticals, Inc. (A) 3,256 143,524
Ironwood Pharmaceuticals, Inc. (A) 3,567 55,039
Jounce Therapeutics, Inc. (A)(B) 886 19,802
Kadmon Holdings, Inc. (A) 2,301 9,779
Keryx Biopharmaceuticals, Inc. (A)(B) 3,281 13,419
Kindred Biosciences, Inc. (A) 928 8,027
Kura Oncology, Inc. (A) 766 14,363
Lexicon Pharmaceuticals, Inc. (A)(B) 2,915 24,982
Ligand Pharmaceuticals, Inc. (A)(B) 527 87,039
Loxo Oncology, Inc. (A) 732 84,451
MacroGenics, Inc. (A) 1,031 25,940
Madrigal Pharmaceuticals, Inc. (A) 342 39,942
MannKind Corp. (A)(B) 2,896 6,603
MediciNova, Inc. (A)(B) 1,166 11,917
Merrimack Pharmaceuticals, Inc. 578 4,653
Mersana Therapeutics, Inc. (A) 637 10,045
MiMedx Group, Inc. (A)(B) 2,595 18,087
Minerva Neurosciences, Inc. (A) 1,207 7,544
Miragen Therapeutics, Inc. (A) 828 5,804
Molecular Templates, Inc. (A) 772 6,176
Momenta Pharmaceuticals, Inc. (A) 2,115 38,387
Mustang Bio, Inc. (A) 783 8,566
Myriad Genetics, Inc. (A) 1,862 55,022
NantKwest, Inc. (A)(B) 2,233 8,686
Natera, Inc. (A) 1,474 13,664
Neurocrine Biosciences, Inc. (A) 2,209 183,192
NewLink Genetics Corp. (A)(B) 821 5,952
Novavax, Inc. (A)(B) 8,348 17,531
Omthera Pharmaceuticals, Inc. (A)(C) 598 368
Oncocyte Corp. (A)(B) 1,221 2,564
OncoMed Pharmaceuticals, Inc. (A) 498 1,584
OPKO Health, Inc. (A)(B) 13,787 43,705
Osiris Therapeutics, Inc. (A)(B) 525 4,620
Otonomy, Inc. (A) 1,390 5,838
Ovid Therapeutics, Inc. (A) 886 6,264
Palatin Technologies, Inc. (A) 1,228 1,339
PDL BioPharma, Inc. (A) 4,159 12,227
Pieris Pharmaceuticals, Inc. (A) 1,471 10,032
PolarityTE, Inc. (A) 290 5,258
Portola Pharmaceuticals, Inc. (A) 1,588 51,864
Progenics Pharmaceuticals, Inc. (A) 1,955 14,584
Protagonist Therapeutics, Inc. (A) 486 4,175
Proteostasis Therapeutics, Inc. (A) 1,327 6,303
PTC Therapeutics, Inc. (A) 1,135 30,713
Puma Biotechnology, Inc. (A) 1,014 69,003
Ra Pharmaceuticals, Inc. (A) 631 3,351
Recro Pharma, Inc. (A) 896 9,865
Regeneron Pharmaceuticals, Inc. (A) 2,741 943,891
REGENXBIO, Inc. (A) 843 25,164
Regulus Therapeutics, Inc. (A) 6,057 4,346
Repligen Corp. (A) 1,032 37,338
Retrophin, Inc. (A) 1,052 23,523
Rhythm Pharmaceuticals, Inc. (A) 694 13,811
Rigel Pharmaceuticals, Inc. (A) 3,503 12,401
Riot Blockchain, Inc. (B) 273 1,807
Rocket Pharmaceuticals, Inc. (A) 971 18,206
Sage Therapeutics, Inc. (A) 1,030 165,902
Sangamo Therapeutics, Inc. (A) 2,281 43,339
Sarepta Therapeutics, Inc. (A)(B) 1,615 119,655
Savara, Inc. (A) 827 7,608
Seattle Genetics, Inc. (A) 3,638 190,413
Selecta Biosciences, Inc. (A) 604 6,155
Seres Therapeutics, Inc. (A)(B) 1,133 8,316
Sierra Oncology, Inc. (A) 2,075 4,295
Spark Therapeutics, Inc. (A)(B) 999 66,523
Spectrum Pharmaceuticals, Inc. (A) 2,679 43,105
Spero Therapeutics, Inc. (A) 635 9,049
Spring Bank Pharmaceuticals, Inc. (A) 517 7,951
Stemline Therapeutics, Inc. (A) 715 10,940
Strongbridge Biopharma PLC (A) 1,240 10,974
Sunesis Pharmaceuticals, Inc. (A) 1,269 3,452
Syndax Pharmaceuticals, Inc. (A) 629 8,951
Synergy Pharmaceuticals, Inc. (A)(B) 6,230 11,401
Synlogic, Inc. (A) 463 4,343
Syros Pharmaceuticals, Inc. (A) 721 9,359
T2 Biosystems, Inc. (A) 160 1,038
TESARO, Inc. (A)(B) 1,385 79,139
Tocagen, Inc. (A)(B) 176 2,086
Ultragenyx Pharmaceutical, Inc. (A) 1,165 59,403
United Therapeutics Corp. (A) 1,123 126,180
Vanda Pharmaceuticals, Inc. (A) 1,222 20,591
Veracyte, Inc. (A) 983 5,465
Verastem, Inc. (A) 1,842 5,489
Vericel Corp. (A) 1,284 12,776
Vertex Pharmaceuticals, Inc. (A) 6,453 1,051,710
Viking Therapeutics, Inc. (A) 1,187 5,187
Vital Therapies, Inc. (A) 1,384 9,411
Voyager Therapeutics, Inc. (A)(B) 743 13,961
vTv Therapeutics, Inc., Class A (A) 1,071 4,359
XBiotech, Inc. (A)(B) 1,742 9,320
Xencor, Inc. (A) 1,295 38,824
XOMA Corp. (A) 278 5,624
Zafgen, Inc. (A) 1,004 7,480
ZIOPHARM Oncology, Inc. (A)(B) 3,927 15,394
22,247,225
Health care equipment and supplies – 2.3%
Abaxis, Inc. 520 36,722
Abbott Laboratories 44,451 2,663,504
ABIOMED, Inc. (A) 1,130 328,819

310



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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)
Accuray, Inc. (A) 2,433 $ 12,165
Align Technology, Inc. (A) 2,048 514,314
Analogic Corp. 350 33,565
AngioDynamics, Inc. (A) 1,021 17,612
Anika Therapeutics, Inc. (A) 404 20,087
Antares Pharma, Inc. (A) 4,423 9,731
AtriCure, Inc. (A) 953 19,556
Atrion Corp. 51 32,196
AxoGen, Inc. (A) 911 33,252
Baxter International, Inc. 13,931 906,072
Becton, Dickinson and Company 6,804 1,474,427
Boston Scientific Corp. (A) 35,067 958,030
Cantel Medical Corp. 1,069 119,097
Cardiovascular Systems, Inc. (A) 915 20,066
Cerus Corp. (A) 3,177 17,410
Cogentix Medical, Inc. (A) 2,584 9,948
ConforMIS, Inc. (A) 2,228 3,231
CONMED Corp. 652 41,291
Corindus Vascular Robotics, Inc. (A)(B) 6,252 8,565
CryoLife, Inc. (A) 912 18,286
CryoPort, Inc. (A) 894 7,688
Cutera, Inc. (A) 375 18,844
CytoSorbents Corp. (A) 228 1,607
Danaher Corp. 17,767 1,739,567
DENTSPLY SIRONA, Inc. 5,869 295,269
DexCom, Inc. (A)(B) 2,232 165,525
Edwards Lifesciences Corp. (A) 5,404 753,966
Endologix, Inc. (A) 2,422 10,245
FONAR Corp. (A) 241 7,182
GenMark Diagnostics, Inc. (A) 1,560 8,486
Glaukos Corp. (A)(B) 943 29,073
Globus Medical, Inc., Class A (A) 2,425 120,814
Haemonetics Corp. (A) 1,321 96,644
Halyard Health, Inc. (A) 1,125 51,840
Heska Corp. (A) 197 15,577
Hill-Rom Holdings, Inc. 1,705 148,335
Hologic, Inc. (A) 7,026 262,491
ICU Medical, Inc. (A) 511 128,976
IDEXX Laboratories, Inc. (A) 2,231 426,991
Inogen, Inc. (A) 564 69,282
Insulet Corp. (A) 1,479 128,200
Integer Holdings Corp. (A) 863 48,803
Integra LifeSciences Holdings Corp. (A) 1,975 109,297
Intuitive Surgical, Inc. (A) 2,862 1,181,519
Invacare Corp. (B) 900 15,660
iRhythm Technologies, Inc. (A) 621 39,092
IRIDEX Corp. (A) 814 4,656
K2M Group Holdings, Inc. (A) 1,206 22,854
Lantheus Holdings, Inc. (A) 1,016 16,154
LeMaitre Vascular, Inc. 515 18,658
Masimo Corp. (A) 1,330 116,974
MedCath Corp. (C) 613 307
Meridian Bioscience, Inc. 1,192 16,926
Merit Medical Systems, Inc. (A) 1,371 62,175
Natus Medical, Inc. (A) 710 23,892
Neogen Corp. (A) 1,304 87,355
Nevro Corp. (A) 802 69,509
Novocure, Ltd. (A) 2,441 53,214
NuVasive, Inc. (A) 1,239 64,688
Nuvectra Corp. (A) 555 7,226
NxStage Medical, Inc. (A) 1,804 44,847
Obalon Therapeutics, Inc. (A) 803 2,754
OraSure Technologies, Inc. (A) 1,625 27,446
Orthofix International NV (A) 509 29,919
OrthoPediatrics Corp. (A) 403 6,069
Penumbra, Inc. (A) 842 97,377
Pulse Biosciences, Inc. (A)(B) 385 5,209
Quidel Corp. (A) 915 47,406
ResMed, Inc. 3,607 355,181
Rockwell Medical, Inc. (A)(B) 1,446 7,534
RTI Surgical, Inc. (A) 1,700 7,820
Senseonics Holdings, Inc. (A) 3,826 11,478
Sientra, Inc. (A)(B) 532 5,139
STAAR Surgical Company (A) 1,153 17,064
Stryker Corp. 9,562 1,538,717
Surmodics, Inc. (A) 364 13,850
Synergetics USA, Inc. (A)(C) 781 148
Tactile Systems Technology, Inc. (A) 467 14,851
Teleflex, Inc. 1,138 290,167
The Cooper Companies, Inc. 1,264 289,216
Utah Medical Products, Inc. 104 10,280
Varex Imaging Corp. (A) 1,027 36,746
Varian Medical Systems, Inc. (A) 2,342 287,246
West Pharmaceutical Services, Inc. 1,942 171,459
Zimmer Biomet Holdings, Inc. 5,172 563,955
17,625,385
Health care providers and services – 2.4%
AAC Holdings, Inc. (A)(B) 965 11,078
Acadia Healthcare Company, Inc. (A) 2,171 85,060
Aceto Corp. 853 6,483
Addus HomeCare Corp. (A) 312 15,179
Aetna, Inc. 8,322 1,406,418
Almost Family, Inc. (A) 381 21,336
Amedisys, Inc. (A) 926 55,875
American Renal Associates
       Holdings, Inc. (A)(B) 923 17,399
AmerisourceBergen Corp. 5,563 479,586
AMN Healthcare Services, Inc. (A) 1,148 65,149
Anthem, Inc. 6,552 1,439,474
BioScrip, Inc. (A) 3,600 8,856
BioTelemetry, Inc. (A) 881 27,355
Brookdale Senior Living, Inc. (A) 4,348 29,175
Capital Senior Living Corp. (A) 893 9,600
Cardinal Health, Inc. 8,030 503,320
Centene Corp. (A) 4,401 470,335
Chemed Corp. 402 109,690
Cigna Corp. 6,291 1,055,252
Civitas Solutions, Inc. (A) 1,056 16,262
Community Health Systems, Inc. (A)(B) 3,196 12,656
CorVel Corp. (A) 522 26,387
Cross Country Healthcare, Inc. (A) 1,014 11,266
DaVita, Inc. (A) 4,827 318,292
Diplomat Pharmacy, Inc. (A) 1,868 37,640
Encompass Health Corp. 2,534 144,869
Envision Healthcare Corp. (A) 3,074 118,134
Express Scripts Holding Company (A) 14,449 998,137
Genesis Healthcare, Inc. (A) 7,455 11,257
Hanger, Inc. (A) 926 14,816
HCA Healthcare, Inc. 9,037 876,589
HealthEquity, Inc. (A) 1,488 90,084
Henry Schein, Inc. (A) 3,999 268,773
Humana, Inc. 3,645 979,885
Kindred Healthcare, Inc. (A) 2,409 22,042
Laboratory Corp. of America
       Holdings (A) 2,593 419,418
LHC Group, Inc. (A) 498 30,657
LifePoint Health, Inc. (A) 945 44,415
Magellan Health, Inc. (A) 647 69,294
McKesson Corp. 5,320 749,428
MEDNAX, Inc. (A) 2,406 133,846

311



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

      Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Health care providers and services (continued)
Molina Healthcare, Inc. (A) 1,455 $ 118,117
National HealthCare Corp. 429 25,581
National Research Corp., Class A 579 16,936
National Research Corp., Class B 665 32,253
Owens & Minor, Inc. 1,661 25,829
Patterson Companies, Inc. 2,414 53,663
PetIQ, Inc. (A)(B) 575 15,295
Premier, Inc., Class A (A) 3,584 112,215
Quest Diagnostics, Inc. 3,465 347,540
Quorum Health Corp. (A) 392 3,207
R1 RCM, Inc. (A) 2,964 21,163
RadNet, Inc. (A) 1,310 18,864
Select Medical Holdings Corp. (A) 3,631 62,635
Surgery Partners, Inc. (A)(B) 1,386 23,770
Tenet Healthcare Corp. (A) 2,354 57,085
The Ensign Group, Inc. 1,404 36,925
The Providence Service Corp. (A) 378 26,135
Tivity Health, Inc. (A) 1,074 42,584
UnitedHealth Group, Inc. 24,737 5,293,718
Universal Health Services, Inc., Class B 2,395 283,592
US Physical Therapy, Inc. 347 28,211
WellCare Health Plans, Inc. (A) 1,136 219,964
18,076,049
Health care technology – 0.2%
Allscripts Healthcare Solutions, Inc. (A) 4,420 54,587
athenahealth, Inc. (A) 1,030 147,321
Castlight Health, Inc., B Shares (A)(B) 3,656 13,344
Cerner Corp. (A) 8,487 492,246
Computer Programs & Systems, Inc. (B) 379 11,067
Cotiviti Holdings, Inc. (A) 2,292 78,936
Evolent Health, Inc., Class A (A)(B) 2,045 29,141
HealthStream, Inc. 886 21,999
HMS Holdings Corp. (A) 2,330 39,237
Inovalon Holdings, Inc., Class A (A)(B) 3,391 35,945
Medidata Solutions, Inc. (A) 1,476 92,708
NantHealth, Inc. (A) 3,451 10,526
Omnicell, Inc. (A) 1,024 44,442
Quality Systems, Inc. (A) 1,749 23,874
Simulations Plus, Inc. 455 6,711
Tabula Rasa HealthCare, Inc. (A) 474 18,391
Teladoc, Inc. (A)(B) 1,541 62,102
Veeva Systems, Inc., Class A (A) 3,554 259,513
Vocera Communications, Inc. (A) 782 18,314
1,460,404
Life sciences tools and services – 0.8%
Accelerate Diagnostics, Inc. (A) 1,535 35,075
Agilent Technologies, Inc. 8,228 550,453
Bio-Rad Laboratories, Inc., Class A (A) 747 186,810
Bio-Techne Corp. 961 145,149
Bruker Corp. 3,887 116,299
Cambrex Corp. (A) 894 46,756
Charles River Laboratories
       International, Inc. (A) 1,222 130,436
Codexis, Inc. (A) 1,349 14,839
Enzo Biochem, Inc. (A) 1,266 6,938
Fluidigm Corp. (A) 357 2,085
Harvard Bioscience, Inc. (A) 485 2,425
Illumina, Inc. (A) 3,729 881,610
IQVIA Holdings, Inc. (A) 5,365 526,360
Luminex Corp. 1,250 26,338
Medpace Holdings, Inc. (A) 869 30,337
Mettler-Toledo International, Inc. (A) 655 376,645
NanoString Technologies, Inc. (A) 769 5,775
NeoGenomics, Inc. (A) 2,195 17,911
Pacific Biosciences of
       California, Inc. (A) 3,229 6,619
PerkinElmer, Inc. 2,803 212,243
PRA Health Sciences, Inc. (A) 1,614 133,897
Quanterix Corp. (A) 534 9,099
Syneos Health, Inc. (A) 2,651 94,111
Thermo Fisher Scientific, Inc. 10,240 2,114,150
Waters Corp. (A) 2,034 404,054
6,076,414
Pharmaceuticals – 3.6%
Aclaris Therapeutics, Inc. (A)(B) 747 13,087
Adamis Pharmaceuticals Corp. (A)(B) 1,632 5,712
Aerie Pharmaceuticals, Inc. (A) 991 53,762
Agile Therapeutics, Inc. (A) 1,595 4,099
Akcea Therapeutics, Inc. (A)(B) 1,821 46,636
Akorn, Inc. (A) 3,187 59,629
Alexza Pharmaceuticals, Inc. (A)(C) 2,067 72
Allergan PLC 8,489 1,428,614
Amphastar Pharmaceuticals, Inc. (A) 1,295 24,281
Ampio Pharmaceuticals, Inc. (A) 1,902 6,467
ANI Pharmaceuticals, Inc. (A) 324 18,863
Aratana Therapeutics, Inc. (A) 1,239 5,464
Assembly Biosciences, Inc. (A) 477 23,440
BioDelivery Sciences
       International, Inc. (A) 2,697 6,068
Bristol-Myers Squibb Company 41,789 2,643,154
Catalent, Inc. (A) 3,413 140,138
Chelsea Therapeutics
       International, Ltd. (A)(C) 1,686 135
Clearside Biomedical, Inc. (A)(B) 998 10,709
Collegium Pharmaceutical, Inc. (A)(B) 840 21,462
Corcept Therapeutics, Inc. (A)(B) 3,097 50,946
Corium International, Inc. (A) 1,009 11,573
Depomed, Inc. (A) 1,816 11,967
Dermira, Inc. (A) 1,155 9,228
Dova Pharmaceuticals, Inc. (A)(B) 710 19,255
Durect Corp. (A) 4,211 9,012
Eli Lilly & Company 28,117 2,175,412
Endo International PLC (A) 6,152 36,543
Endocyte, Inc. (A) 1,801 16,371
Horizon Pharma PLC (A) 3,927 55,763
Impax Laboratories, Inc. (A) 2,043 39,736
Innoviva, Inc. (A) 2,501 41,692
Intersect ENT, Inc. (A) 798 31,361
Johnson & Johnson 68,594 8,790,321
Kala Pharmaceuticals, Inc. (A) 674 10,669
Lannett Company, Inc. (A) 1,025 16,451
Marinus Pharmaceuticals, Inc. (A) 1,468 5,608
Melinta Therapeutics, Inc. (A)(B) 781 5,779
Merck & Company, Inc. 69,559 3,788,879
MyoKardia, Inc. (A) 965 47,092
Nektar Therapeutics (A) 4,020 427,165
Neos Therapeutics, Inc. (A)(B) 969 8,043
Ocular Therapeutix, Inc. (A) 1,316 8,567
Odonate Therapeutics, Inc. (A) 680 14,402
Omeros Corp. (A)(B) 1,320 14,744
Optinose, Inc. (A) 957 19,159
Pacira Pharmaceuticals, Inc. (A) 1,111 34,608
Paratek Pharmaceuticals, Inc. (A) 760 9,880
Pfizer, Inc. 152,184 5,401,010
Phibro Animal Health Corp., Class A 1,100 43,670
Prestige Brands Holdings, Inc. (A) 1,453 48,995
Reata Pharmaceuticals, Inc.,
       Class A (A)(B) 714 14,644
Revance Therapeutics, Inc. (A) 851 26,211

312



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
scPharmaceuticals, Inc. (A) 640 $ 7,936
Sienna Biopharmaceuticals, Inc. (A) 555 10,423
Supernus Pharmaceuticals, Inc. (A) 1,388 63,570
Teligent, Inc. (A) 1,521 5,111
Tetraphase Pharmaceuticals, Inc. (A) 1,403 4,307
The Medicines Company (A) 1,753 57,744
TherapeuticsMD, Inc. (A)(B) 5,607 27,306
Tobira Therapeutics, Inc. (A)(C) 609 7,381
Zoetis, Inc. 12,443 1,039,115
Zogenix, Inc. (A) 862 34,523
Zynerba Pharmaceuticals, Inc. (A)(B) 581 5,049
27,019,013
92,504,490
Industrials – 10.4%
Aerospace and defense – 2.6%
AAR Corp. 757 33,391
Aerojet Rocketdyne Holdings, Inc. (A) 2,058 57,562
Aerovironment, Inc. (A) 650 29,582
Arconic, Inc. 12,274 282,793
Astronics Corp. (A) 623 23,238
Axon Enterprise, Inc. (A)(B) 1,455 57,196
BWX Technologies, Inc. 2,574 163,526
Cubic Corp. 751 47,764
Curtiss-Wright Corp. 1,148 155,060
Ducommun, Inc. (A) 321 9,752
Engility Holdings, Inc. (A) 1,030 25,132
Esterline Technologies Corp. (A) 716 52,375
General Dynamics Corp. 7,621 1,683,479
Harris Corp. 3,042 490,614
HEICO Corp., Class A 2,628 186,457
Hexcel Corp. 2,320 149,849
Huntington Ingalls Industries, Inc. 1,141 294,104
KLX, Inc. (A) 1,308 92,946
Kratos Defense & Security
       Solutions, Inc. (A) 2,763 28,431
L3 Technologies, Inc. 1,996 415,168
Lockheed Martin Corp. 7,322 2,474,323
Mercury Systems, Inc. (A) 1,316 63,589
Moog, Inc., Class A (A) 880 72,521
National Presto Industries, Inc. (B) 196 18,375
Northrop Grumman Corp. 4,444 1,551,489
Orbital ATK, Inc. 1,452 192,550
Raytheon Company 7,378 1,592,320
Rockwell Collins, Inc. 4,158 560,706
Sparton Corp. (A) 332 5,780
Spirit AeroSystems Holdings, Inc.,
       Class A 2,935 245,660
Teledyne Technologies, Inc. (A) 925 173,132
Textron, Inc. 6,721 396,337
The Boeing Company 15,205 4,985,415
The KeyW Holding Corp. (A) 1,434 11,271
TransDigm Group, Inc. 1,327 407,309
Triumph Group, Inc. 1,366 34,423
United Technologies Corp. 20,381 2,564,337
Vectrus, Inc. (A) 294 10,949
Wesco Aircraft Holdings, Inc. (A) 2,836 29,069
19,667,974
Air freight and logistics – 0.7%
Air Transport Services Group, Inc. (A) 1,616 37,685
Atlas Air Worldwide Holdings, Inc. (A) 688 41,590
C.H. Robinson Worldwide, Inc. 3,557 333,326
Echo Global Logistics, Inc. (A) 790 21,804
Expeditors International of
       Washington, Inc. 4,529 286,686
FedEx Corp. 6,842 1,642,833
Forward Air Corp. 699 36,949
Hub Group, Inc., Class A (A) 934 39,088
United Parcel Service, Inc., Class B 21,996 2,302,101
XPO Logistics, Inc. (A) 3,025 307,975
5,050,037
Airlines – 0.5%
Alaska Air Group, Inc. 3,128 193,811
Allegiant Travel Company 394 67,985
American Airlines Group, Inc. 12,241 636,042
Delta Air Lines, Inc. 18,227 999,022
Hawaiian Holdings, Inc. 1,268 49,072
JetBlue Airways Corp. (A) 8,233 167,295
SkyWest, Inc. 1,282 69,741
Southwest Airlines Company 15,173 869,109
Spirit Airlines, Inc. (A) 1,725 65,171
United Continental Holdings, Inc. (A) 7,573 526,096
3,643,344
Building products – 0.4%
AAON, Inc. 1,262 49,218
Advanced Drainage Systems, Inc. 1,541 39,912
American Woodmark Corp. (A) 392 38,592
AO Smith Corp. 4,447 282,785
Apogee Enterprises, Inc. 790 34,247
Armstrong Flooring, Inc. (A) 761 10,327
Armstrong World Industries, Inc. (A) 1,315 74,035
Builders FirstSource, Inc. (A) 2,730 54,163
Continental Building Products, Inc. (A) 772 22,041
CSW Industrials, Inc. (A) 443 19,957
Fortune Brands Home & Security, Inc. 3,845 226,432
Gibraltar Industries, Inc. (A) 875 29,619
Griffon Corp. 1,323 24,145
Insteel Industries, Inc. 543 15,003
JELD-WEN Holding, Inc. (A) 3,085 94,463
Johnson Controls International PLC 23,811 839,100
Lennox International, Inc. 1,077 220,106
Masco Corp. 8,021 324,369
NCI Building Systems, Inc. (A) 1,950 34,515
Owens Corning 2,831 227,612
Patrick Industries, Inc. (A) 691 42,738
PGT Innovations, Inc. (A) 1,354 25,252
Ply Gem Holdings, Inc. (A) 1,538 33,221
Quanex Building Products Corp. 973 16,930
Simpson Manufacturing Company, Inc. 1,174 67,611
Trex Company, Inc. (A) 731 79,511
Universal Forest Products, Inc. 1,489 48,318
USG Corp. (A) 3,685 148,948
3,123,170
Commercial services and supplies – 0.6%
ABM Industries, Inc. 1,566 52,430
ACCO Brands Corp. 2,972 37,299
Advanced Disposal Services, Inc. (A) 2,130 47,456
ARC Document Solutions, Inc. (A) 1,859 4,090
Brady Corp., Class A 1,434 53,273
Casella Waste Systems, Inc., Class A (A) 1,180 27,588
CECO Environmental Corp. 1,030 4,584
Cintas Corp. 2,710 462,272
Civeo Corp. (A) 3,710 13,987
Clean Harbors, Inc. (A) 1,427 69,652
Copart, Inc. (A) 5,890 299,978
Covanta Holding Corp. 3,622 52,519
Deluxe Corp. 1,214 89,848
Ennis, Inc. 700 13,790
Essendant, Inc. 1,072 8,362

313



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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)
Healthcare Services Group, Inc. 1,855 $ 80,655
Heritage-Crystal Clean, Inc. (A) 637 15,001
Herman Miller, Inc. 1,463 46,743
HNI Corp. 1,011 36,487
Hudson Technologies, Inc. (A)(B) 1,248 6,165
InnerWorkings, Inc. (A) 1,547 14,000
Interface, Inc. 1,706 42,991
KAR Auction Services, Inc. 3,440 186,448
Kimball International, Inc., Class B 1,061 18,079
Knoll, Inc. 1,376 27,781
LSC Communications, Inc. 987 17,223
Matthews International Corp., Class A 749 37,899
McGrath RentCorp 664 35,650
Mobile Mini, Inc. 1,065 46,328
MSA Safety, Inc. 944 78,579
Multi-Color Corp. 575 37,979
NL Industries, Inc. (A) 1,371 10,762
Pitney Bowes, Inc. 4,518 49,201
Quad/Graphics, Inc. 1,451 36,783
Republic Services, Inc. 8,526 564,677
Rollins, Inc. 5,579 284,696
RR Donnelley & Sons Company 1,999 17,451
SP Plus Corp. (A) 619 22,036
Steelcase, Inc., Class A 3,228 43,901
Stericycle, Inc. (A) 2,221 129,995
Swisher Hygiene, Inc. (A) 450 421
Team, Inc. (A)(B) 842 11,578
Tetra Tech, Inc. 1,397 68,383
The Brink’s Company 1,273 90,829
UniFirst Corp. 510 82,442
US Ecology, Inc. 611 32,566
Viad Corp. 552 28,952
VSE Corp. 302 15,619
Waste Management, Inc. 11,077 931,797
4,387,225
Construction and engineering – 0.2%
AECOM (A) 4,063 144,765
Aegion Corp. (A) 916 20,986
Ameresco, Inc., Class A (A) 1,258 16,354
Argan, Inc. 415 17,824
Comfort Systems USA, Inc. 1,027 42,364
Dycom Industries, Inc. (A) 774 83,306
EMCOR Group, Inc. 1,516 118,142
Fluor Corp. 3,518 201,300
Granite Construction, Inc. 961 53,681
Great Lakes Dredge & Dock Corp. (A) 1,745 8,027
HC2 Holdings, Inc. (A) 1,457 7,664
IES Holdings, Inc. (A) 602 9,120
Jacobs Engineering Group, Inc. 3,593 212,526
KBR, Inc. 3,431 55,548
Layne Christensen Company (A) 600 8,952
MasTec, Inc. (A) 2,092 98,429
MYR Group, Inc. (A) 461 14,208
Northwest Pipe Company (A) 368 6,366
Orion Group Holdings, Inc. (A) 1,081 7,124
Primoris Services Corp. 1,418 35,422
Quanta Services, Inc. (A) 3,999 137,366
Sterling Construction Company, Inc. (A) 733 8,400
Tutor Perini Corp. (A) 1,370 30,209
Valmont Industries, Inc. 570 83,391
1,421,474
Electrical equipment – 0.5%
Acuity Brands, Inc. 1,051 146,289
Allied Motion Technologies, Inc. 289 11,488
AMETEK, Inc. 5,916 449,439
Atkore International Group, Inc. (A) 1,433 28,445
AZZ, Inc. 725 31,683
Babcock & Wilcox Enterprises, Inc. (A) 1,702 7,438
Eaton Corp. PLC 11,253 899,227
Emerson Electric Company 16,397 1,119,915
Encore Wire Corp. 587 33,283
Energous Corp. (A)(B) 688 11,029
EnerSys 1,083 75,128
Enphase Energy, Inc. (A) 2,749 12,563
FuelCell Energy, Inc. (A) 3,640 6,297
General Cable Corp. 1,377 40,759
Hubbell, Inc. 1,375 167,448
LSI Industries, Inc. 199 1,614
Plug Power, Inc. (A)(B) 6,157 11,637
Powell Industries, Inc. 332 8,911
Preformed Line Products Company 145 9,438
Regal Beloit Corp. 1,123 82,372
Revolution Lighting
       Technologies, Inc. (A) 1,281 4,394
Rockwell Automation, Inc. 3,286 572,421
Sunrun, Inc. (A)(B) 2,933 26,192
Thermon Group Holdings, Inc. (A) 912 20,438
TPI Composites, Inc. (A) 945 21,215
Vicor Corp. (A) 1,095 31,262
Vivint Solar, Inc. (A)(B) 3,209 11,713
3,842,038
Industrial conglomerates – 1.4%
3M Company 15,206 3,338,021
Carlisle Companies, Inc. 1,589 165,907
General Electric Company 221,392 2,984,364
Honeywell International, Inc. 19,451 2,810,864
Icahn Enterprises LP (B) 4,276 243,903
Raven Industries, Inc. 1,000 35,050
Roper Technologies, Inc. 2,618 734,846
10,312,955
Machinery – 1.9%
Actuant Corp., Class A 1,627 37,828
AGCO Corp. 2,047 132,748
Alamo Group, Inc. 316 34,728
Albany International Corp., Class A 892 55,928
Allison Transmission Holdings, Inc. 3,691 144,170
Altra Industrial Motion Corp. 651 29,913
American Railcar Industries, Inc. (B) 553 20,688
Astec Industries, Inc. 516 28,473
Barnes Group, Inc. 1,353 81,031
Briggs & Stratton Corp. 1,186 25,392
Caterpillar, Inc. 15,188 2,238,407
Chart Industries, Inc. (A) 704 41,557
CIRCOR International, Inc. 461 19,666
Colfax Corp. (A) 3,177 101,346
Columbus McKinnon Corp. 622 22,292
Commercial Vehicle Group, Inc. (A) 1,034 8,014
Crane Company 1,540 142,820
Cummins, Inc. 4,238 686,937
Deere & Company 8,196 1,273,003
DMC Global, Inc. 432 11,556
Donaldson Company, Inc. 3,271 147,359
Douglas Dynamics, Inc. 623 27,007
Dover Corp. 3,970 389,933
Energy Recovery, Inc. (A)(B) 1,545 12,700
EnPro Industries, Inc. 501 38,767
ESCO Technologies, Inc. 719 42,097
Evoqua Water Technologies Corp. (A) 2,964 63,104

314



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

Shares or      
Principal
Amount Value
COMMON STOCKS (continued)
Machinery (continued)
Federal Signal Corp. 1,641 $ 36,135
Flowserve Corp. 3,380 146,455
Fortive Corp. 8,880 688,378
Franklin Electric Company, Inc. 1,116 45,477
FreightCar America, Inc. 410 5,494
Gardner Denver Holdings, Inc. (A) 5,115 156,928
Gencor Industries, Inc. (A) 428 6,891
Global Brass & Copper Holdings, Inc. 592 19,802
Graco, Inc. 4,242 193,944
Graham Corp. 354 7,583
Hardinge, Inc. 60 1,099
Harsco Corp. (A) 2,207 45,575
Hillenbrand, Inc. 1,562 71,696
Hurco Companies, Inc. 183 8,400
Hyster-Yale Materials Handling, Inc. 343 23,986
IDEX Corp. 1,958 279,035
Illinois Tool Works, Inc. 8,748 1,370,462
ITT, Inc. 2,265 110,940
John Bean Technologies Corp. 796 90,266
Kadant, Inc. 299 28,256
Kennametal, Inc. 2,052 82,408
LB Foster Company, Class A (A) 298 7,018
Lincoln Electric Holdings, Inc. 1,723 154,984
Lindsay Corp. (B) 285 26,060
Lydall, Inc. (A) 480 23,160
Manitex International, Inc. (A) 126 1,440
Meritor, Inc. (A) 2,137 43,937
Milacron Holdings Corp. (A) 1,513 30,472
Miller Industries, Inc. 317 7,925
Mueller Industries, Inc. 1,341 35,081
Mueller Water Products, Inc., Class A 3,700 40,219
Navistar International Corp. (A) 2,509 87,740
NN, Inc. 766 18,384
Nordson Corp. 1,468 200,147
Omega Flex, Inc. 281 18,293
Oshkosh Corp. 1,947 150,445
PACCAR, Inc. 8,985 594,537
Parker-Hannifin Corp. 3,401 581,673
Park-Ohio Holdings Corp. 359 13,947
Pentair PLC 4,628 315,306
Proto Labs, Inc. (A) 654 76,878
RBC Bearings, Inc. (A) 608 75,514
REV Group, Inc. 1,752 36,372
Rexnord Corp. (A) 2,553 75,773
Snap-on, Inc. 1,431 211,130
Spartan Motors, Inc. 989 17,011
SPX Corp. (A) 1,177 38,229
SPX FLOW, Inc. (A) 1,017 50,026
Standex International Corp. 280 26,698
Stanley Black & Decker, Inc. 3,917 600,084
Sun Hydraulics Corp. 750 40,170
Tennant Company 496 33,579
Terex Corp. 2,180 81,554
The Eastern Company 253 7,211
The ExOne Company (A) 79 575
The Gorman-Rupp Company 728 21,294
The Greenbrier Companies, Inc. (B) 782 39,296
The Manitowoc Company, Inc. (A) 959 27,293
The Middleby Corp. (A) 1,454 179,991
The Timken Company 1,957 89,239
The Toro Company 2,697 168,428
Titan International, Inc. 1,677 21,147
TriMas Corp. (A) 1,278 33,548
Trinity Industries, Inc. 3,918 127,844
Twin Disc, Inc. (A) 354 7,696
Wabash National Corp. 1,600 33,296
WABCO Holdings, Inc. (A) 1,359 181,929
Wabtec Corp. (B) 2,427 197,558
Watts Water Technologies, Inc., Class A 850 66,045
Welbilt, Inc. (A) 3,489 67,861
Woodward, Inc. 1,594 114,226
Xylem, Inc. 4,567 351,294
14,726,231
Marine – 0.0%
Eagle Bulk Shipping, Inc. (A) 2,130 10,544
Kirby Corp. (A) 1,490 114,656
Matson, Inc. 993 28,440
153,640
Professional services – 0.3%
Acacia Research Corp. (A) 1,963 6,871
ASGN, Inc. (A) 1,324 108,409
Barrett Business Services, Inc. 206 17,073
CBIZ, Inc. (A) 1,496 27,302
CoStar Group, Inc. (A) 920 333,666
CRA International, Inc. 233 12,184
Equifax, Inc. 3,064 360,970
Exponent, Inc. 704 55,370
Forrester Research, Inc. 498 20,642
Franklin Covey Company (A) 395 10,626
FTI Consulting, Inc. (A) 895 43,327
Heidrick & Struggles International, Inc. 532 16,625
Hill International, Inc. (A) 1,520 8,664
Huron Consulting Group, Inc. (A) 619 23,584
ICF International, Inc. 515 30,102
Insperity, Inc. 1,009 70,176
Kelly Services, Inc., Class A 1,056 30,666
Kforce, Inc. 758 20,504
Korn/Ferry International 1,385 71,452
ManpowerGroup, Inc. 1,689 194,404
Mistras Group, Inc. (A) 810 15,341
Navigant Consulting, Inc. (A) 1,284 24,704
Pendrell Corp. 12 7,740
Resources Connection, Inc. 841 13,624
Robert Half International, Inc. 3,161 182,990
RPX Corp. 1,369 14,635
The Dun & Bradstreet Corp. 948 110,916
TransUnion (A) 4,664 264,822
TriNet Group, Inc. (A) 1,726 79,948
TrueBlue, Inc. (A) 1,160 30,044
Verisk Analytics, Inc. (A) 4,205 437,320
WageWorks, Inc. (A) 956 43,211
Willdan Group, Inc. (A) 264 7,484
2,695,396
Road and rail – 0.9%
AMERCO 495 170,825
ArcBest Corp. 699 22,403
Avis Budget Group, Inc. (A) 2,083 97,568
Celadon Group, Inc. 363 1,343
Covenant Transportation Group, Inc.,
       Class A (A) 501 14,945
CSX Corp. 22,813 1,270,912
Daseke, Inc. (A) 1,206 11,807
Genesee & Wyoming, Inc., Class A (A) 1,621 114,751
Heartland Express, Inc. 2,270 40,837
Hertz Global Holdings, Inc. (A)(B) 2,305 45,754
J.B. Hunt Transport Services, Inc. 2,772 324,740
Kansas City Southern 2,629 288,796
Knight-Swift Transportation
       Holdings, Inc. 4,560 209,806

315



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Road and rail (continued)
Landstar System, Inc. 1,063 $ 116,558
Marten Transport, Ltd. 1,479 33,721
Norfolk Southern Corp. 7,306 992,009
Old Dominion Freight Line, Inc. 2,099 308,490
P.A.M. Transportation Services, Inc. (A) 61 2,217
Roadrunner Transportation
       Systems, Inc. (A) 1,079 2,741
Ryder System, Inc. 1,340 97,539
Saia, Inc. (A) 681 51,177
Schneider National, Inc., Class B (B) 4,551 118,599
Union Pacific Corp. 20,095 2,701,371
Universal Logistics Holdings, Inc. 800 16,920
USA Truck, Inc. (A) 295 7,520
Werner Enterprises, Inc. 1,755 64,058
YRC Worldwide, Inc. (A) 936 8,265
7,135,672
Trading companies and distributors – 0.4%
Air Lease Corp. 2,636 112,346
Aircastle, Ltd. 1,836 36,463
Applied Industrial Technologies, Inc. 957 69,765
Beacon Roofing Supply, Inc. (A) 1,681 89,211
BMC Stock Holdings, Inc. (A) 1,851 36,187
CAI International, Inc. (A) 518 11,013
DXP Enterprises, Inc. (A) 493 19,202
EnviroStar, Inc. (B) 320 12,560
Fastenal Company 7,333 400,308
Fortress Transportation & Infrastructure
       Investors LLC (B) 1,753 27,960
Foundation Building Materials, Inc. (A) 1,193 17,788
GATX Corp. (B) 950 65,066
GMS, Inc. (A) 892 27,260
H&E Equipment Services, Inc. 981 37,759
HD Supply Holdings, Inc. (A) 4,670 177,180
Herc Holdings, Inc. (A) 783 50,856
Kaman Corp. 765 47,522
Lawson Products, Inc. (A) 299 7,550
MRC Global, Inc. (A) 2,156 35,445
MSC Industrial Direct Company, Inc.,
       Class A 1,456 133,530
Nexeo Solutions, Inc. (A) 1,766 18,896
NOW, Inc. (A)(B) 2,982 30,476
Rush Enterprises, Inc., Class A (A) 931 39,558
SiteOne Landscape Supply, Inc. (A) 976 75,191
Textainer Group Holdings, Ltd. (A) 1,558 26,408
Titan Machinery, Inc. (A) 613 14,442
United Rentals, Inc. (A) 2,152 371,715
Univar, Inc. (A) 3,602 99,956
Veritiv Corp. (A) 445 17,444
W.W. Grainger, Inc. 1,452 409,856
Watsco, Inc. 928 167,940
WESCO International, Inc. (A) 1,198 74,336
Willis Lease Finance Corp. (A) 275 9,427
2,770,616
78,929,772
Information technology – 23.0%
Communications equipment – 1.1%
Acacia Communications, Inc. (A)(B) 1,074 41,306
ADTRAN, Inc. 1,330 20,682
Aerohive Networks, Inc. (A) 1,973 7,971
Applied Optoelectronics, Inc. (A)(B) 524 13,131
Arista Networks, Inc. (A) 1,867 476,645
ARRIS International PLC (A) 4,876 129,555
CalAmp Corp. (A) 968 22,148
Calix, Inc. (A) 1,502 10,289
Casa Systems, Inc. (A) 2,022 59,325
Ciena Corp. (A) 3,518 91,116
Cisco Systems, Inc. 126,224 5,413,747
Clearfield, Inc. (A)(B) 564 7,276
CommScope Holding Company, Inc. (A) 4,872 194,734
Comtech Telecommunications Corp. 652 19,488
Digi International, Inc. (A) 773 7,962
EchoStar Corp., Class A (A) 2,490 131,397
EMCORE Corp. (A) 934 5,324
Extreme Networks, Inc. (A) 3,021 33,442
F5 Networks, Inc. (A) 1,617 233,834
Finisar Corp. (A) 2,667 42,165
Harmonic, Inc. (A) 2,423 9,207
Infinera Corp. (A) 4,118 44,721
InterDigital, Inc. 854 62,854
Juniper Networks, Inc. 9,489 230,867
KVH Industries, Inc. (A) 618 6,396
Lumentum Holdings, Inc. (A) 1,503 95,891
Motorola Solutions, Inc. 4,143 436,258
NETGEAR, Inc. (A) 756 43,243
NetScout Systems, Inc. (A) 2,200 57,970
Oclaro, Inc. (A) 4,607 44,043
Palo Alto Networks, Inc. (A) 2,344 425,483
Plantronics, Inc. 785 47,390
Powerwave Technologies, Inc. (A)(C) 912 0
Quantenna Communications, Inc. (A) 963 13,193
Ribbon Communications, Inc. (A) 2,652 13,525
TESSCO Technologies, Inc. 79 1,829
Ubiquiti Networks, Inc. (A)(B) 1,982 136,362
UTStarcom Holdings Corp. (A) 215 1,058
ViaSat, Inc. (A)(B) 1,499 98,514
Viavi Solutions, Inc. (A) 5,498 53,441
8,783,782
Electronic equipment, instruments and components – 0.7%
Amphenol Corp., Class A 7,812 672,848
Anixter International, Inc. (A) 820 62,115
Arrow Electronics, Inc. (A) 2,217 170,753
Avnet, Inc. 3,161 132,003
AVX Corp. 4,223 69,891
Badger Meter, Inc. 801 37,767
Bel Fuse, Inc., Class B 346 6,539
Belden, Inc. 1,059 73,007
Benchmark Electronics, Inc. 1,371 40,924
CDW Corp. 3,905 274,561
Cognex Corp. 4,475 232,655
Coherent, Inc. (A) 646 121,060
Control4 Corp. (A) 670 14,392
Corning, Inc. 22,186 618,546
CTS Corp. 929 25,269
Daktronics, Inc. 1,241 10,933
Dolby Laboratories, Inc., Class A 2,650 168,434
Electro Scientific Industries, Inc. (A) 904 17,474
ePlus, Inc. (A) 387 30,070
FARO Technologies, Inc. (A) 474 27,682
Fitbit, Inc., Class A (A)(B) 6,454 32,915
FLIR Systems, Inc. 3,600 180,036
II-VI, Inc. (A) 1,569 64,172
Insight Enterprises, Inc. (A) 982 34,301
IPG Photonics Corp. (A) 1,361 317,630
Iteris, Inc. (A) 1,032 5,119
Itron, Inc. (A) 959 68,616
Jabil, Inc. 4,622 132,790
KEMET Corp. (A) 1,301 23,587
Keysight Technologies, Inc. (A) 4,721 247,333
Kimball Electronics, Inc. (A) 758 12,242

316



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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)
Knowles Corp. (A) 2,456 $ 30,921
Littelfuse, Inc. 585 121,785
Maxwell Technologies, Inc. (A)(B) 1,541 9,138
Mesa Laboratories, Inc. 104 15,438
Methode Electronics, Inc. 1,007 39,374
MicroVision, Inc. (A)(B) 3,177 3,590
MTS Systems Corp. 479 24,740
Napco Security Technologies, Inc. (A) 753 8,810
National Instruments Corp. 3,398 171,837
Novanta, Inc. (A) 808 42,137
OSI Systems, Inc. (A) 513 33,484
PAR Technology Corp. (A) 708 9,976
Park Electrochemical Corp. 597 10,053
PC Connection, Inc. 741 18,525
PCM, Inc. (A) 572 4,748
Plexus Corp. (A) 802 47,903
Rogers Corp. (A) 447 53,434
Sanmina Corp. (A) 1,829 47,828
ScanSource, Inc. (A) 708 25,169
SYNNEX Corp. 1,033 122,307
Systemax, Inc. 1,010 28,836
Tech Data Corp. (A) 960 81,725
Trimble, Inc. (A) 6,374 228,699
TTM Technologies, Inc. (A) 2,807 42,919
Universal Display Corp. 1,188 119,988
VeriFone Systems, Inc. (A) 3,040 46,755
Vishay Intertechnology, Inc. 3,595 66,867
Vishay Precision Group, Inc. (A) 345 10,747
Zebra Technologies Corp., Class A (A) 1,387 193,057
5,586,454
Internet software and services – 4.9%
2U, Inc. (A) 1,317 110,668
Actua Corp. (A) 909 1,045
Akamai Technologies, Inc. (A) 4,288 304,362
Alarm.com Holdings, Inc. (A) 1,271 47,968
Alphabet, Inc., Class C (A) 17,737 18,300,859
Alteryx, Inc., Class A (A)(B) 1,607 54,863
Amber Road, Inc. (A) 917 8,161
ANGI Homeservices, Inc.,
       Class A (A)(B) 12,401 168,406
Appfolio, Inc., Class A (A) 918 37,500
Apptio, Inc., Class A (A) 1,102 31,231
Bandwidth, Inc., Class A (A) 412 13,456
Benefitfocus, Inc. (A)(B) 869 21,204
Blucora, Inc. (A) 1,211 29,791
Box, Inc., Class A (A) 3,262 67,034
Brightcove, Inc. (A) 1,084 7,534
Carbonite, Inc. (A) 761 21,917
Care.com, Inc. (A) 813 13,228
Cargurus, Inc. (A)(B) 2,747 105,677
Cars.com, Inc. (A) 1,946 55,130
ChannelAdvisor Corp. (A) 737 6,707
Cloudera, Inc. (A) 3,595 77,580
CommerceHub, Inc., Series A (A) 353 7,943
CommerceHub, Inc., Series C (A) 804 18,082
comScore, Inc. (A) 1,582 38,079
Cornerstone OnDemand, Inc. (A) 1,383 54,089
Coupa Software, Inc. (A) 1,451 66,195
DHI Group, Inc. (A) 3,230 5,168
eBay, Inc. (A) 26,644 1,072,155
Endurance International Group
       Holdings, Inc. (A) 4,023 29,770
Envestnet, Inc. (A) 1,055 60,452
Etsy, Inc. (A) 3,232 90,690
Facebook, Inc., Class A (A) 74,184 11,853,861
Five9, Inc. (A) 1,506 44,864
GoDaddy, Inc., Class A (A) 4,204 258,210
Gogo, Inc. (A)(B) 2,408 20,781
GrubHub, Inc. (A)(B) 2,235 226,785
Hortonworks, Inc. (A) 1,842 37,522
Instructure, Inc. (A) 801 33,762
InterActiveCorp (A) 2,114 330,587
Internap Corp. (A) 588 6,468
j2 Global, Inc. 1,219 96,203
Leaf Group, Ltd. (A) 817 5,760
Limelight Networks, Inc. (A) 3,034 12,470
Liquidity Services, Inc. (A) 1,292 8,398
LivePerson, Inc. (A) 1,615 26,405
LogMeIn, Inc. 1,311 151,486
Marchex, Inc., Class B 198 541
Match Group, Inc. (A)(B) 6,900 306,636
MINDBODY, Inc., Class A (A) 1,261 49,053
MongoDB, Inc. (A) 1,247 54,120
MuleSoft, Inc., Class A (A) 3,206 141,000
New Relic, Inc. (A) 1,357 100,581
NIC, Inc. 1,830 24,339
Nutanix, Inc., Class A (A) 3,931 193,051
Okta, Inc. (A) 2,304 91,814
Pandora Media, Inc. (A)(B) 6,651 33,455
Q2 Holdings, Inc. (A) 1,129 51,426
QuinStreet, Inc. (A) 1,259 16,077
Quotient Technology, Inc. (A) 2,524 33,064
Reis, Inc. 402 8,623
Remark Holdings, Inc. (A) 795 4,516
Rhythmone PLC (A) 96 236
SendGrid, Inc. (A) 1,034 29,097
Shotspotter, Inc. (A) 46 1,219
Shutterstock, Inc. (A) 951 45,791
SPS Commerce, Inc. (A) 476 30,497
Stamps.com, Inc. (A) 460 92,483
TechTarget, Inc. (A) 758 15,069
Telaria, Inc. (A) 1,619 6,087
The Meet Group, Inc. (A) 2,247 4,696
The Trade Desk, Inc., Class A (A)(B) 1,112 55,177
Tintri, Inc. (A) 1,306 2,233
TrueCar, Inc. (A)(B) 2,691 25,457
Twilio, Inc., Class A (A)(B) 2,516 96,061
Twitter, Inc. (A) 18,940 549,449
VeriSign, Inc. (A) 2,501 296,519
Veritone, Inc. (A)(B) 414 5,763
Web.com Group, Inc. (A) 1,060 19,186
XO Group, Inc. (A) 703 14,587
Yelp, Inc. (A) 2,060 86,005
Yext, Inc. (A) 2,503 31,663
Zillow Group, Inc., Class C (A) 4,748 255,442
36,811,519
IT services – 3.9%
Acxiom Corp. (A) 1,925 43,717
Alliance Data Systems Corp. 1,409 299,920
Automatic Data Processing, Inc. 11,321 1,284,707
Black Knight, Inc. (A) 3,905 183,926
Blackhawk Network Holdings, Inc. (A) 1,381 61,731
Booz Allen Hamilton Holding Corp. 3,647 141,212
Broadridge Financial Solutions, Inc. 3,007 329,838
CACI International, Inc., Class A (A) 615 93,080
Cardtronics PLC, Class A (A) 1,262 28,155
Cass Information Systems, Inc. 214 12,735
Cognizant Technology Solutions Corp.,
       Class A 15,047 1,211,284

317



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
IT services (continued)
Conduent, Inc. (A) 5,274 $ 98,307
Convergys Corp. 2,212 50,035
CoreLogic, Inc. (A) 2,135 96,566
CSG Systems International, Inc. 935 42,346
CSRA, Inc. 4,206 173,413
DST Systems, Inc. 1,524 127,483
DXC Technology Company 7,282 732,059
EPAM Systems, Inc. (A) 1,356 155,289
Euronet Worldwide, Inc. (A) 1,352 106,700
Everi Holdings, Inc. (A) 1,863 12,240
ExlService Holdings, Inc. (A) 928 51,755
Fidelity National Information
       Services, Inc. 8,522 820,669
First Data Corp., Class A (A) 23,579 377,264
Fiserv, Inc. (A) 10,644 759,024
FleetCor Technologies, Inc. (A) 2,285 462,713
Gartner, Inc. (A) 2,286 268,879
Genpact, Ltd. 4,793 153,328
Global Payments, Inc. 4,061 452,883
IBM Corp. 23,630 3,625,551
Information Services Group, Inc. (A) 1,813 7,578
Jack Henry & Associates, Inc. 1,977 239,118
Leidos Holdings, Inc. 3,860 252,444
ManTech International Corp., Class A 910 50,478
Mastercard, Inc., Class A 27,026 4,733,874
MAXIMUS, Inc. 1,655 110,455
MoneyGram International, Inc. (A) 1,519 13,094
Paychex, Inc. 9,176 565,150
PayPal Holdings, Inc. (A) 30,681 2,327,767
Perficient, Inc. (A) 981 22,485
PFSweb, Inc. (A) 944 8,251
Presidio, Inc. (A) 2,520 39,413
PRGX Global, Inc. (A) 93 879
Sabre Corp. 6,867 147,297
Science Applications International Corp. 1,094 86,207
ServiceSource International, Inc. (A) 2,601 9,910
Square, Inc., Class A (A) 9,912 487,670
StarTek, Inc. (A) 653 6,386
Steel Connect, Inc. (A) 369 782
Switch, Inc., Class A 6,554 104,274
Sykes Enterprises, Inc. (A) 1,186 34,323
Syntel, Inc. (A) 2,005 51,188
Teradata Corp. (A) 3,143 124,683
The Hackett Group, Inc. 800 12,848
The Western Union Company 11,508 221,299
Total System Services, Inc. 4,692 404,732
TTEC Holdings, Inc. 1,257 38,590
Unisys Corp. (A)(B) 1,411 15,168
Virtusa Corp. (A) 802 38,865
Visa, Inc., Class A 52,885 6,326,104
WEX, Inc. (A) 1,114 174,475
Worldpay, Inc., Class A (A) 4,532 372,712
29,285,308
Semiconductors and semiconductor equipment – 3.4%
Adesto Technologies Corp. (A) 969 7,171
Advanced Energy Industries, Inc. (A) 980 62,622
Advanced Micro Devices, Inc. (A)(B) 24,494 246,165
Alpha & Omega Semiconductor, Ltd. (A) 677 10,460
Ambarella, Inc. (A)(B) 914 44,777
Amkor Technology, Inc. (A) 5,742 58,166
Amtech Systems, Inc. (A) 540 3,953
Analog Devices, Inc. 9,404 856,987
Applied Materials, Inc. 27,214 1,513,371
Aquantia Corp. (A) 774 12,152
Axcelis Technologies, Inc. (A) 854 21,008
AXT, Inc. (A) 1,039 7,533
Brooks Automation, Inc. 1,899 51,425
Cabot Microelectronics Corp. 616 65,980
Cavium, Inc. (A) 1,784 141,614
CEVA, Inc. (A) 604 21,865
Cirrus Logic, Inc. (A) 1,585 64,399
Cohu, Inc. 772 17,609
Cree, Inc. (A) 2,469 99,525
Cypress Semiconductor Corp. 8,625 146,280
Diodes, Inc. (A) 1,352 41,182
DSP Group, Inc. (A) 633 7,469
Entegris, Inc. 3,618 125,906
Everspin Technologies, Inc. (A)(B) 685 5,172
First Solar, Inc. (A) 2,601 184,619
FormFactor, Inc. (A) 1,989 27,150
GSI Technology, Inc. (A) 84 622
Ichor Holdings, Ltd. (A) 679 16,439
Impinj, Inc. (A)(B) 564 7,343
Inphi Corp. (A)(B) 1,155 34,766
Integrated Device Technology, Inc. (A) 3,400 103,904
Intel Corp. 119,463 6,221,633
KLA-Tencor Corp. 3,998 435,822
Kopin Corp. (A)(B) 2,098 6,546
Kulicke & Soffa Industries, Inc. (A) 1,940 48,519
Lam Research Corp. 4,130 839,051
Lattice Semiconductor Corp. (A) 3,472 19,339
MACOM Technology Solutions
       Holdings, Inc. (A)(B) 1,761 29,233
Marvell Technology Group, Ltd. 12,443 261,303
Maxim Integrated Products, Inc. 7,173 431,958
MaxLinear, Inc. (A) 1,814 41,269
Microchip Technology, Inc. 5,968 545,236
Micron Technology, Inc. (A) 29,426 1,534,272
Microsemi Corp. (A) 3,021 195,519
MKS Instruments, Inc. 1,408 162,835
Monolithic Power Systems, Inc. 1,058 122,485
Nanometrics, Inc. (A) 721 19,395
NeoPhotonics Corp. (A)(B) 1,632 11,179
NVE Corp. 135 11,220
NVIDIA Corp. 15,469 3,582,466
ON Semiconductor Corp. (A) 10,806 264,315
PDF Solutions, Inc. (A) 908 10,587
Photronics, Inc. (A) 1,903 15,700
Pixelworks, Inc. (A) 1,308 5,062
Power Integrations, Inc. 699 47,777
Qorvo, Inc. (A) 3,239 228,188
QUALCOMM, Inc. 37,634 2,085,300
Rambus, Inc. (A) 3,035 40,760
Rudolph Technologies, Inc. (A) 866 23,988
Semtech Corp. (A) 1,605 62,675
Sigma Designs, Inc. (A) 1,202 7,452
Silicon Laboratories, Inc. (A) 1,074 96,553
Skyworks Solutions, Inc. 4,684 469,618
SMART Global Holdings, Inc. (A) 559 27,861
SunPower Corp. (A)(B) 3,841 30,651
Synaptics, Inc. (A) 919 42,026
Teradyne, Inc. 5,031 229,967
Texas Instruments, Inc. 25,155 2,613,353
Transwitch Corp. (A) 1,436 1
Ultra Clean Holdings, Inc. (A) 903 17,383
Veeco Instruments, Inc. (A) 1,342 22,814
Versum Materials, Inc. 2,776 104,461
Xcerra Corp. (A) 1,536 17,894
Xilinx, Inc. 6,389 461,541

318



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Semiconductors and semiconductor equipment (continued)
Xperi Corp. 1,377 $ 29,124
25,481,965
Software – 5.7%
8x8, Inc. (A) 2,084 38,867
A10 Networks, Inc. (A) 1,971 11,471
ACI Worldwide, Inc. (A) 2,906 68,930
Activision Blizzard, Inc. 19,303 1,302,180
Adobe Systems, Inc. (A) 12,586 2,719,583
Agilysys, Inc. (A) 672 8,010
Altair Engineering, Inc., Class A (A) 1,543 48,388
American Software, Inc., Class A 832 10,816
ANSYS, Inc. (A) 2,156 337,824
Appian Corp. (A) 1,645 41,421
Aspen Technology, Inc. (A) 1,886 148,787
Asure Software, Inc. (A) 96 1,175
Autodesk, Inc. (A) 5,597 702,871
Blackbaud, Inc. 1,239 126,143
Blackline, Inc. (A) 1,436 56,306
Bottomline Technologies, Inc. (A) 1,113 43,129
CA, Inc. 10,691 362,425
Cadence Design Systems, Inc. (A) 7,220 265,479
Callidus Software, Inc. (A) 1,643 59,066
CDK Global, Inc. 3,488 220,930
Citrix Systems, Inc. (A) 3,847 357,002
CommVault Systems, Inc. (A) 1,250 71,500
Datawatch Corp. (A) 663 5,735
Digimarc Corp. (A)(B) 311 7,448
Ebix, Inc. (B) 768 57,216
Electronic Arts, Inc. (A) 7,860 952,946
Ellie Mae, Inc. (A) 851 78,241
Everbridge, Inc. (A) 772 28,255
Fair Isaac Corp. (A) 786 133,125
FireEye, Inc. (A) 4,436 75,101
ForeScout Technologies, Inc. (A) 953 30,915
Fortinet, Inc. (A) 4,441 237,949
Glu Mobile, Inc. (A) 3,676 13,859
Guidewire Software, Inc. (A) 1,933 156,244
HubSpot, Inc. (A) 927 100,394
Imperva, Inc. (A) 928 40,182
Intuit, Inc. 6,529 1,131,802
Manhattan Associates, Inc. (A) 1,735 72,662
Microsoft Corp. 196,959 17,976,448
MicroStrategy, Inc., Class A (A) 315 40,632
Mitek Systems, Inc. (A) 911 6,741
MobileIron, Inc. (A) 2,654 13,137
Model N, Inc. (A) 815 14,711
Monotype Imaging Holdings, Inc. 1,161 26,064
Nuance Communications, Inc. (A) 7,447 117,290
Oracle Corp. 106,543 4,874,342
Paycom Software, Inc. (A)(B) 1,526 163,877
Paylocity Holding Corp. (A) 1,265 64,806
Pegasystems, Inc. 1,955 118,571
Progress Software Corp. 1,167 44,871
Proofpoint, Inc. (A) 1,128 128,197
PROS Holdings, Inc. (A) 881 29,082
PTC, Inc. (A) 2,936 229,037
Qualys, Inc. (A) 1,026 74,642
Rapid7, Inc. (A) 1,214 31,042
RealNetworks, Inc. (A) 1,582 4,841
RealPage, Inc. (A) 2,087 107,481
Red Hat, Inc. (A) 4,517 675,337
RingCentral, Inc., Class A (A) 1,588 100,838
Rosetta Stone, Inc. (A) 782 10,283
SailPoint Technologies Holding, Inc. (A) 2,157 44,628
salesforce.com, Inc. (A) 18,441 2,144,688
SecureWorks Corp., Class A (A) 2,218 17,921
ServiceNow, Inc. (A) 4,407 729,138
Snap, Inc., Class A (A)(B) 21,983 348,870
Splunk, Inc. (A) 3,573 351,547
SS&C Technologies Holdings, Inc. 5,252 281,717
Symantec Corp. 15,809 408,663
Synchronoss Technologies, Inc. (A) 1,289 13,599
Synopsys, Inc. (A) 3,820 317,977
Tableau Software, Inc., Class A (A) 2,045 165,277
Take-Two Interactive Software, Inc. (A) 2,911 284,638
Telenav, Inc. (A) 1,283 6,928
The Rubicon Project, Inc. (A) 2,172 3,910
The Ultimate Software Group, Inc. (A) 776 189,111
THQ, Inc. (A)(C) 234 0
TiVo Corp. 3,366 45,609
Tyler Technologies, Inc. (A) 974 205,475
Upland Software, Inc. (A) 562 16,180
Varonis Systems, Inc. (A) 754 45,617
VASCO Data Security
       International, Inc. (A) 1,137 14,724
Verint Systems, Inc. (A) 1,722 73,357
VirnetX Holding Corp. (A)(B) 1,593 6,292
VMware, Inc., Class A (A)(B) 10,438 1,265,816
Workday, Inc., Class A (A) 5,360 681,310
Workiva, Inc. (A) 1,159 27,468
Zendesk, Inc. (A) 2,543 121,733
Zix Corp. (A) 1,522 6,499
Zynga, Inc., Class A (A) 21,673 79,323
42,874,662
Technology hardware, storage and peripherals – 3.3%
3D Systems Corp. (A)(B) 3,112 36,068
Apple, Inc. 131,096 21,995,287
Avid Technology, Inc. (A) 369 1,675
Cray, Inc. (A) 1,129 23,370
Diebold Nixdorf, Inc. 2,085 32,109
Eastman Kodak Company (A)(B) 1,268 6,784
Electronics For Imaging, Inc. (A) 1,273 34,791
Hewlett Packard Enterprise Company 40,731 714,422
HP, Inc. 42,675 935,436
Immersion Corp. (A) 912 10,898
Intevac, Inc. (A) 912 6,293
NCR Corp. (A) 3,090 97,397
NetApp, Inc. 6,817 420,541
Pure Storage, Inc., Class A (A) 5,303 105,795
Quantum Corp. (A) 1,321 4,808
Super Micro Computer, Inc. (A) 1,340 22,780
USA Technologies, Inc. (A) 1,403 12,627
Western Digital Corp. 7,552 696,823
Xerox Corp. 6,415 184,624
25,342,528
174,166,218
Materials – 3.2%
Chemicals – 2.0%
A. Schulman, Inc. 827 35,561
Advanced Emissions Solutions, Inc. (B) 679 7,754
AdvanSix, Inc. (A) 822 28,589
Air Products & Chemicals, Inc. 5,576 886,751
Albemarle Corp. 2,807 260,321
American Vanguard Corp. 823 16,625
Ashland Global Holdings, Inc. 1,587 110,757
Axalta Coating Systems, Ltd. (A) 6,177 186,484
Balchem Corp. 789 64,501
Cabot Corp. 1,582 88,149
Celanese Corp., Series A 3,460 346,727

319



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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. 5,948 $ 224,418
Chase Corp. 257 29,928
Core Molding Technologies, Inc. 342 6,098
DowDuPont, Inc. 59,718 3,804,634
Eastman Chemical Company 3,663 386,740
Ecolab, Inc. 7,377 1,011,165
Ferro Corp. (A) 2,289 53,151
Flotek Industries, Inc. (A) 1,632 9,955
FMC Corp. 3,392 259,725
FutureFuel Corp. 1,208 14,484
GCP Applied Technologies, Inc. (A) 1,735 50,402
Hawkins, Inc. 308 10,826
HB Fuller Company 1,233 61,317
Huntsman Corp. 6,043 176,758
Ingevity Corp. (A) 1,041 76,711
Innophos Holdings, Inc. 539 21,673
Innospec, Inc. 558 38,279
International Flavors & Fragrances, Inc. 1,999 273,683
Intrepid Potash, Inc. (A) 3,517 12,802
KMG Chemicals, Inc. 438 26,258
Koppers Holdings, Inc. (A) 574 23,591
Kraton Corp. (A) 856 40,840
Kronos Worldwide, Inc. 2,872 64,907
LSB Industries, Inc. (A)(B) 1,028 6,302
Minerals Technologies, Inc. 854 57,175
Monsanto Company 11,239 1,311,479
NewMarket Corp. 306 122,914
OCI Partners LP 2,248 20,670
Olin Corp. 4,315 131,133
OMNOVA Solutions, Inc. (A) 1,269 13,325
PolyOne Corp. 2,059 87,549
PPG Industries, Inc. 6,489 724,172
PQ Group Holdings, Inc. (A) 3,575 49,943
Praxair, Inc. 7,307 1,054,400
Quaker Chemical Corp. 363 53,771
Rayonier Advanced Materials, Inc. 1,194 25,635
Rentech Nitrogen Partners LP (A)(C) 1,086 195
RPM International, Inc. 3,351 159,742
Sensient Technologies Corp. 1,100 77,638
Stepan Company 620 51,572
Terra Nitrogen Company LP 430 36,103
The Chemours Company 4,725 230,155
The Mosaic Company 8,927 216,748
The Scotts Miracle-Gro Company 1,503 128,882
The Sherwin-Williams Company 2,386 935,598
Trecora Resources (A) 757 10,295
Tredegar Corp. 935 16,783
Trinseo SA 1,082 80,122
Valhi, Inc. 8,461 51,274
Valvoline, Inc. 5,261 116,426
W.R. Grace & Company 1,761 107,826
Westlake Chemical Corp. 3,286 365,239
Westlake Chemical Partners LP 882 19,713
14,973,343
Construction materials – 0.1%
Eagle Materials, Inc. 1,244 128,194
Forterra, Inc. (A)(B) 1,860 15,475
Martin Marietta Materials, Inc. 1,600 331,680
Summit Materials, Inc., Class A (A) 2,729 82,634
U.S. Concrete, Inc. (A)(B) 434 26,214
United States Lime & Minerals, Inc. 156 11,416
Vulcan Materials Company 3,371 384,867
980,480
Containers and packaging – 0.4%
AptarGroup, Inc. 1,628   146,243
Avery Dennison Corp. 2,245 238,531
Ball Corp. 8,914 353,975
Bemis Company, Inc. 2,310 100,531
Berry Global Group, Inc. (A) 3,301 180,928
Crown Holdings, Inc. (A) 3,420 173,565
Graphic Packaging Holding Company 7,924 121,633
Greif, Inc., Class A 1,170 61,133
International Paper Company 10,521 562,137
Myers Industries, Inc. 844 17,851
Owens-Illinois, Inc. (A) 4,091 88,611
Packaging Corp. of America 2,434 274,312
Sealed Air Corp. 4,546 194,523
Silgan Holdings, Inc. 2,764 76,977
Sonoco Products Company 2,570 124,645
UFP Technologies, Inc. (A) 258 7,611
WestRock Company 6,477 415,629
3,138,835
Metals and mining – 0.6%
AK Steel Holding Corp. (A) 8,642 39,148
Alcoa Corp. (A) 4,687 210,728
Allegheny Technologies, Inc. (A) 3,204 75,871
Ampco-Pittsburgh Corp. 449 3,996
Carpenter Technology Corp. 1,110 48,973
Century Aluminum Company (A) 2,372 39,233
Cleveland-Cliffs, Inc. (A)(B) 6,947 48,282
Coeur Mining, Inc. (A) 5,000 40,000
Commercial Metals Company 2,807 57,431
Compass Minerals International, Inc. (B) 807 48,662
Freeport-McMoRan, Inc. (A) 36,950 649,212
Haynes International, Inc. 347 12,877
Hecla Mining Company 10,961 40,227
Kaiser Aluminum Corp. 463 46,717
Materion Corp. 542 27,669
Newmont Mining Corp. 13,460 525,882
Nucor Corp. 8,104 495,073
Olympic Steel, Inc. 377 7,732
Ramaco Resources, Inc. (A)(B) 1,284 9,232
Reliance Steel & Aluminum Company 1,884 161,534
Royal Gold, Inc. 1,702 146,151
Ryerson Holding Corp. (A) 1,026 8,362
Schnitzer Steel Industries, Inc., Class A 739 23,907
Southern Copper Corp. (B) 19,734 1,069,188
Steel Dynamics, Inc. 5,978 264,347
SunCoke Energy Partners LP 1,313 23,371
SunCoke Energy, Inc. (A) 1,814 19,519
Tahoe Resources, Inc. 8,663 40,629
TimkenSteel Corp. (A) 1,209 18,365
United States Steel Corp. 4,491 158,038
Universal Stainless & Alloy
       Products, Inc. (A) 44 1,210
Warrior Met Coal, Inc. 1,459 40,867
Worthington Industries, Inc. 1,542 66,183
4,468,616
Paper and forest products – 0.1%
Boise Cascade Company 1,049 40,491
Clearwater Paper Corp. (A) 458 17,908
KapStone Paper and Packaging Corp. 2,429 83,339
Louisiana-Pacific Corp. 3,659 105,269
Neenah, Inc. 462 36,221
PH Glatfelter Company 1,214 24,923
Schweitzer-Mauduit International, Inc. 846 33,121

320



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Paper and forest products (continued)
Verso Corp., Class A (A) 923 $ 15,543
356,815
23,918,089
Real estate – 3.5%
Equity real estate investment trusts – 3.3%
Acadia Realty Trust 1,987 48,880
Agree Realty Corp. 771 37,039
Alexander & Baldwin, Inc. 1,921 44,433
Alexander’s, Inc. 128 48,797
Alexandria Real Estate Equities, Inc. 2,760 344,696
American Assets Trust, Inc. 1,312 43,834
American Campus Communities, Inc. 3,544 136,869
American Homes 4 Rent, Class A 7,262 145,821
American Tower Corp. 10,949 1,591,328
Apartment Investment & Management
       Company, Class A 3,969 161,737
Apple Hospitality REIT, Inc. 5,697 100,096
Armada Hoffler Properties, Inc. 1,229 16,825
Ashford Hospitality Prime, Inc. 978 9,506
Ashford Hospitality Trust, Inc. 2,875 18,573
AvalonBay Communities, Inc. 3,526 579,886
Bluerock Residential Growth REIT, Inc. 692 5,882
Boston Properties, Inc. 3,942 485,733
Brandywine Realty Trust 4,317 68,554
Brixmor Property Group, Inc. 7,939 121,070
BRT Apartments Corp. 103 1,210
Camden Property Trust 2,363 198,917
CareTrust REIT, Inc. 2,093 28,046
CatchMark Timber Trust, Inc., Class A 1,240 15,463
CBL & Associates Properties, Inc. 4,721 19,687
Cedar Realty Trust, Inc. 2,623 10,335
Chatham Lodging Trust 1,057 20,242
Chesapeake Lodging Trust 1,636 45,497
CIM Commercial Trust Corp. 1,506 19,051
Clipper Realty, Inc. 674 5,709
Colony NorthStar, Inc., Class A 13,622 76,556
Columbia Property Trust, Inc. 3,009 61,564
Community Healthcare Trust, Inc. 472 12,149
CoreCivic, Inc. 2,856 55,749
CorEnergy Infrastructure Trust, Inc. 318 11,938
CoreSite Realty Corp. 848 85,020
Corporate Office Properties Trust 2,431 62,793
Cousins Properties, Inc. 10,618 92,164
Crown Castle International Corp. 10,379 1,137,642
CubeSmart 4,630 130,566
CyrusOne, Inc. 2,369 121,316
DCT Industrial Trust, Inc. 2,405 135,498
DDR Corp. 9,241 67,737
DiamondRock Hospitality Company 5,391 56,282
Digital Realty Trust, Inc. 5,253 553,561
Douglas Emmett, Inc. 4,246 156,083
Duke Realty Corp. 9,099 240,942
Easterly Government Properties, Inc. 1,051 21,440
EastGroup Properties, Inc. 845 69,848
Education Realty Trust, Inc. 1,996 65,369
Empire State Realty Trust, Inc., Class A 4,008 67,294
EPR Properties 1,892 104,817
Equinix, Inc. 1,999 835,862
Equity Commonwealth (A) 3,097 94,985
Equity LifeStyle Properties, Inc. 2,287 200,730
Equity Residential 9,385 578,304
Essex Property Trust, Inc. 1,686 405,786
Extra Space Storage, Inc. 3,219 281,212
Farmland Partners, Inc. 930 7,766
Federal Realty Investment Trust 1,850 214,804
First Industrial Realty Trust, Inc. 3,029 88,538
Forest City Realty Trust, Inc., Class A 6,945 140,706
Four Corners Property Trust, Inc. 1,372 31,679
Franklin Street Properties Corp. 2,261 19,015
Front Yard Residential Corp. 1,524 15,316
Gaming and Leisure Properties, Inc. 5,410 181,073
Getty Realty Corp. 1,063 26,809
GGP, Inc. 24,133 493,761
Gladstone Commercial Corp. 793 13,751
Gladstone Land Corp. 554 6,692
Global Medical REIT, Inc. 854 5,935
Global Net Lease, Inc. 1,726 29,135
Government Properties Income Trust 2,692 36,773
Gramercy Property Trust 4,152 90,223
HCP, Inc. 11,874 275,833
Healthcare Realty Trust, Inc. 3,141 87,037
Healthcare Trust of America, Inc.,
       Class A 5,200 137,540
Hersha Hospitality Trust 1,116 19,976
Highwoods Properties, Inc. 2,675 117,219
Hospitality Properties Trust 4,287 108,633
Host Hotels & Resorts, Inc. 18,809 350,600
Hudson Pacific Properties, Inc. 4,020 130,771
Independence Realty Trust, Inc. 2,197 20,168
InfraREIT, Inc. 1,243 24,151
Investors Real Estate Trust 3,492 18,123
Invitation Homes, Inc. 13,197 301,288
Iron Mountain, Inc. 6,796 223,317
iStar, Inc. (A) 1,236 12,570
JBG SMITH Properties 2,987 100,692
Jernigan Capital, Inc. 373 6,751
Kilroy Realty Corp. 2,467 175,058
Kimco Realty Corp. 10,721 154,382
Kite Realty Group Trust 2,345 35,714
Lamar Advertising Company, Class A 2,477 157,686
LaSalle Hotel Properties 2,784 80,764
Lexington Realty Trust 5,762 45,347
Liberty Property Trust 3,849 152,921
Life Storage, Inc. 1,172 97,885
LTC Properties, Inc. 1,078 40,964
Mack-Cali Realty Corp. 2,128 35,559
MedEquities Realty Trust, Inc. 797 8,376
Medical Properties Trust, Inc. 9,369 121,797
MGM Growth Properties LLC, Class A 1,791 47,533
Mid-America Apartment
       Communities, Inc. 2,937 267,972
Monmouth Real Estate Investment Corp. 2,045 30,757
National Health Investors, Inc. 1,008 67,828
National Retail Properties, Inc. 3,888 152,643
National Storage Affiliates Trust 1,224 30,698
New Senior Investment Group, Inc. 2,354 19,256
New York REIT, Inc. (A) 457 9,830
NexPoint Residential Trust, Inc. 612 15,202
NorthStar Realty Europe Corp. 1,568 20,415
Omega Healthcare Investors, Inc. 5,077 137,282
One Liberty Properties, Inc. 540 11,934
Outfront Media, Inc. 3,460 64,840
Paramount Group, Inc. 6,103 86,907
Park Hotels & Resorts, Inc. 5,555 150,096
Pebblebrook Hotel Trust 1,855 63,719
Pennsylvania Real Estate
       Investment Trust 1,986 19,165
Physicians Realty Trust 4,378 68,165

321



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (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)
Piedmont Office Realty Trust, Inc.,
       Class A 3,620 $ 63,676
PotlatchDeltic Corp. 1,585 82,499
Preferred Apartment Communities, Inc.,
       Class A 891 12,643
Prologis, Inc. 13,581 855,467
PS Business Parks, Inc. 674 76,189
Public Storage 4,442 890,132
QTS Realty Trust, Inc., Class A 1,322 47,883
Quality Care Properties, Inc. (A) 2,543 49,410
Ramco-Gershenson Properties Trust 2,198 27,167
Rayonier, Inc. 3,293 115,848
Realty Income Corp. 7,158 370,283
Regency Centers Corp. 4,287 252,847
Retail Opportunity Investments Corp. 2,606 46,048
Retail Properties of America, Inc.,
       Class A 5,774 67,325
Rexford Industrial Realty, Inc. 1,943 55,939
RLJ Lodging Trust 4,400 85,536
Ryman Hospitality Properties, Inc. 1,293 100,143
Sabra Health Care REIT, Inc. 4,490 79,249
Safety Income and Growth, Inc. 490 7,835
Saul Centers, Inc. 635 32,366
SBA Communications Corp. (A) 3,005 513,615
Select Income REIT 2,213 43,109
Senior Housing Properties Trust 6,130 95,996
Seritage Growth Properties, Class A 961 34,164
Simon Property Group, Inc. 7,937 1,225,076
SL Green Realty Corp. 2,470 239,170
Spirit Realty Capital, Inc. 11,589 89,931
STAG Industrial, Inc. 2,541 60,781
STORE Capital Corp. 4,881 121,146
Summit Hotel Properties, Inc. 2,834 38,571
Sun Communities, Inc. 2,077 189,775
Sunstone Hotel Investors, Inc. 5,628 85,658
Tanger Factory Outlet Centers, Inc. 2,303 50,666
Taubman Centers, Inc. 1,568 89,235
Terreno Realty Corp. 1,416 48,866
The Macerich Company 3,633 203,521
Tier REIT, Inc. 1,353 25,003
UDR, Inc. 6,869 244,674
UMH Properties, Inc. 958 12,847
Uniti Group, Inc. 4,409 71,646
Universal Health Realty Income Trust 377 22,658
Urban Edge Properties 2,827 60,356
Urstadt Biddle Properties, Inc., Class A 1,239 23,913
Ventas, Inc. 9,099 450,673
VEREIT, Inc. 24,670 171,703
Vornado Realty Trust 4,839 325,665
Washington Prime Group, Inc. 5,126 34,190
Washington Real Estate Investment Trust 2,124 57,985
Weingarten Realty Investors 3,295 92,524
Welltower, Inc. 9,456 514,690
Weyerhaeuser Company 19,266 674,310
Whitestone REIT 991 10,296
Winthrop Realty Trust (A) 1,052 7,890
WP Carey, Inc. 2,710 167,993
Xenia Hotels & Resorts, Inc. 2,922 57,622
25,338,666
Real estate management and development – 0.2%
CBRE Group, Inc., Class A (A) 8,647 408,311
Consolidated-Tomoka Land Company 170 10,685
Five Point Holdings LLC, Class A (A) 3,940 56,184
Forestar Group, Inc. (A)(B) 1,153 24,386
FRP Holdings, Inc. (A) 280 15,680
HFF, Inc., Class A 1,055 52,434
Jones Lang LaSalle, Inc. 1,136 198,391
Kennedy-Wilson Holdings, Inc. 4,047 70,418
Landmark Infrastructure Partners LP (B) 598 9,957
Marcus & Millichap, Inc. (A) 1,054 38,007
Maui Land & Pineapple
       Company, Inc. (A) 514 5,988
Newmark Group, Inc., Class A (A) 3,834 58,238
Rafael Holdings, Inc., Class B (A) 334 1,617
RE/MAX Holdings, Inc., Class A 477 28,835
Redfin Corp. (A)(B) 2,050 46,802
Tejon Ranch Company (A) 613 14,166
The Howard Hughes Corp. (A) 1,130 157,217
The RMR Group, Inc., Class A 720 50,364
The St. Joe Company (A) 1,562 29,444
1,277,124
26,615,790
Telecommunication services – 1.8%
Diversified telecommunication services – 1.5%
AT&T, Inc. 156,715 5,586,869
ATN International, Inc. 448 26,710
CenturyLink, Inc. 27,214 447,126
Cincinnati Bell, Inc. (A) 1,166 16,149
Cogent Communications Holdings, Inc. 1,087 47,176
Consolidated Communications
       Holdings, Inc. (B) 1,962 21,504
Frontier Communications Corp. (B) 2,191 16,257
Globalstar, Inc. (A) 33,131 22,778
Hawaiian Telcom Holdco, Inc. (A) 319 8,511
IDT Corp., Class B (A) 667 4,182
Iridium Communications, Inc. (A) 2,692 30,285
Ooma, Inc. (A) 105 1,145
ORBCOMM, Inc. (A) 2,046 19,171
Verizon Communications, Inc. 105,329 5,036,833
Vonage Holdings Corp. (A) 6,125 65,231
Windstream Holdings, Inc. (B) 5,438 7,668
Zayo Group Holdings, Inc. (A) 6,278 214,456
11,572,051
Wireless telecommunication services – 0.3%
Boingo Wireless, Inc. (A) 1,089 26,975
Shenandoah
       Telecommunications Company 1,344 48,384
Spok Holdings, Inc. 544 8,133
Sprint Corp. (A)(B) 102,054 498,024
Telephone & Data Systems, Inc. 2,724 76,354
T-Mobile US, Inc. (A) 21,225 1,295,574
United States Cellular Corp. (A) 2,124 85,364
2,038,808
13,610,859
Utilities – 2.7%
Electric utilities – 1.5%
ALLETE, Inc. 1,285 92,841
Alliant Energy Corp. 5,943 242,831
American Electric Power Company, Inc. 12,561 861,559
Avangrid, Inc. 7,907 404,206
Duke Energy Corp. 17,873 1,384,621
Edison International 8,310 529,015
El Paso Electric Company 1,110 56,610
Entergy Corp. 4,598 362,230
Eversource Energy 8,092 476,781
Exelon Corp. 24,497 955,628
FirstEnergy Corp. 11,386 387,238
Genie Energy, Ltd., B Shares 1,221 6,093

322



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Electric utilities (continued)
Great Plains Energy, Inc. 5,625 $ 178,819
Hawaiian Electric Industries, Inc. 2,774 95,370
IDACORP, Inc. 1,293 114,133
MGE Energy, Inc. 844 47,348
NextEra Energy, Inc. 12,012 1,961,920
OGE Energy Corp. 4,993 163,621
Otter Tail Corp. 958 41,529
PG&E Corp. 13,113 576,054
Pinnacle West Capital Corp. 2,851 227,510
PNM Resources, Inc. 1,950 74,588
Portland General Electric Company 2,282 92,444
PPL Corp. 17,578 497,282
Spark Energy, Inc., Class A (B) 934 11,068
The Southern Company 25,622 1,144,279
Westar Energy, Inc. 3,604 189,534
Xcel Energy, Inc. 12,970 589,876
11,765,028
Gas utilities – 0.2%
AmeriGas Partners LP (B) 2,407 96,208
Atmos Energy Corp. 2,815 237,136
Chesapeake Utilities Corp. 443 31,165
Ferrellgas Partners LP (B) 2,897 9,039
National Fuel Gas Company 2,223 114,373
New Jersey Resources Corp. 2,183 87,538
Northwest Natural Gas Company 771 44,448
ONE Gas, Inc. 1,282 84,638
RGC Resources, Inc. 260 6,604
South Jersey Industries, Inc. 1,918 54,011
Southwest Gas Holdings, Inc. 1,196 80,885
Spire, Inc. 1,183 85,531
Star Group LP 997 9,322
Suburban Propane Partners LP 1,457 32,069
UGI Corp. 4,402 195,537
WGL Holdings, Inc. 1,313 109,832
1,278,336
Independent power and renewable electricity producers – 0.1%    
8Point3 Energy Partners LP 2,200 26,730
AES Corp. 16,800 191,016
Atlantic Power Corp. (A) 3,721 7,814
Dynegy, Inc. (A) 3,648 49,321
NextEra Energy Partners LP (B) 1,308 52,307
NRG Energy, Inc. 8,077 246,591
Ormat Technologies, Inc. 1,272 71,715
TerraForm Power, Inc., Class A 3,859 41,407
Vistra Energy Corp. (A) 10,896 226,964
913,865
Multi-utilities – 0.8%
Ameren Corp. 6,199 351,049
Avista Corp. 1,598 81,898
Black Hills Corp. 1,338 72,653
CenterPoint Energy, Inc. 10,922 299,263
CMS Energy Corp. 7,178 325,092
Consolidated Edison, Inc. 7,920 617,285
Dominion Energy, Inc. 16,429 1,107,807
DTE Energy Company 4,587 478,883
MDU Resources Group, Inc. 5,083 143,137
NiSource, Inc. 8,544 204,287
NorthWestern Corp. 1,169 62,892
Public Service Enterprise Group, Inc. 12,925 649,352
SCANA Corp. 3,539 132,889
Sempra Energy 6,408 712,698
Unitil Corp. 380 17,636
Vectren Corp. 2,143 136,981
WEC Energy Group, Inc. 8,056 505,111
5,898,913
Water utilities – 0.1%
American States Water Company 987 52,370
American Water Works Company, Inc. 4,539 372,788
Aqua America, Inc. 4,632 157,766
AquaVenture Holdings, Ltd. (A) 770 9,563
Artesian Resources Corp., Class A 244 8,901
Cadiz, Inc. (A)(B) 630 8,505
California Water Service Group 1,300 48,425
Connecticut Water Service, Inc. 314 19,006
Global Water Resources, Inc. 799 7,167
Middlesex Water Company 449 16,478
Pure Cycle Corp. (A) 995 9,403
SJW Group 551 29,043
The York Water Company 354 10,974
750,389
20,606,531
TOTAL COMMON STOCKS (Cost $404,229,212) $ 746,704,415
 
PREFERRED SECURITIES – 0.0%
Consumer discretionary – 0.0%
Media – 0.0%
GCI Liberty, Inc., 5.000% 198 4,623
Financials – 0.0%
Diversified financial services – 0.0%
Steel Partners Holdings LP, 6.000% 630 12,858
TOTAL PREFERRED SECURITIES (Cost $14,563) $ 17,481
 
RIGHTS – 0.0%
Babcock & Wilcox Enterprises, Inc.
       (Expiration Date: 4-10-18; Strike
       Price: $2.00) (A)(B) 1,702 3,264
TOTAL RIGHTS (Cost $0) $ 3,264
 
WARRANTS – 0.0%
Amplify Energy Corp. (Expiration
       Date: 5-4-22; Strike Price: $42.60) (A) 57 7
Basic Energy Services, Inc. (Expiration
       Date: 12-22-23; Strike Price:
       $55.25) (A) 55 40
BioTime, Inc. (Expiration Date: 10-1-18;
       Strike Price: $5.00) (A) 184 21
Bonanza Creek Energy, Inc. (Expiration
       Date: 4-28-20; Strike Price:
       $71.23) (A) 46 6
C&J Energy Services, Inc. (Expiration
       Date: 1-6-24; Strike Price: $27.95) (A) 29 184
Eagle Bulk Shipping, Inc. (Expiration
       Date: 10-15-21; Strike Price:
       $27.82) (A) 101 8
Education Management Corp.
       (Expiration Date: 1-5-22) (A)(D) 4,333 16
Genco Shipping & Trading, Ltd.
       (Expiration Date: 7-9-21; Strike Price:
       $20.99) (A) 92 38
Hycroft Mining Corp. (Expiration
       Date: 10-12-22) (A)(D) 196 29
Key Energy Services, Inc. (Expiration
       Date: 12-15-20) (A)(D) 20 18
Key Energy Services, Inc. (Expiration
       Date: 12-15-21) (A)(D) 20 23

323



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

Shares or
Principal
      Amount       Value
WARRANTS (continued)
SilverBow Resources, Inc. (Expiration
       Date: 4-22-19; Strike Price:
       $80.00) (A) 50 $ 5
SilverBow Resources, Inc. (Expiration
       Date: 4-22-20; Strike Price:
       $86.18) (A) 50 8
Stone Energy Corp. (Expiration
       Date: 2-28-21; Strike Price:
       $42.04) (A) 80 584
Tidewater, Inc., Class A (Expiration
       Date: 12-31-30; Strike Price:
       $57.06) (A) 66 232
Tidewater, Inc., Class B (Expiration
       Date: 12-31-30; Strike Price:
       $62.28) (A) 71 213
Vanguard Natural Resources, Inc.
       (Expiration Date: 2-1-21) (A)(D) 3 3
TOTAL WARRANTS (Cost $60,914) $ 1,435
 
SECURITIES LENDING COLLATERAL – 2.1%    
John Hancock Collateral Trust,
       1.8276% (E)(F) 1,617,742 16,180,328
TOTAL SECURITIES LENDING COLLATERAL (Cost
$16,183,436) $ 16,180,328
 
SHORT-TERM INVESTMENTS – 1.4%
U.S. Government Agency – 0.7%
Federal Home Loan Bank Discount Note
       1.480%, 04/02/2018 * $ 5,000,000 5,000,000
Repurchase agreement – 0.7%
Repurchase Agreement with State Street
       Corp. dated 3-29-18 at 0.740% to be
       repurchased at $5,250,432 on 4-2-18,
       collateralized by $5,595,000
       U.S. Treasury Notes, 2.000% due
       2-15-25 (valued at $5,355,439,
       including interest) 5,250,000 5,250,000
TOTAL SHORT-TERM INVESTMENTS (Cost $10,249,794) $ 10,250,000
Total Investments (Total Stock Market Index Trust)
       (Cost $430,737,919) – 102.2% $ 773,156,923
Other assets and liabilities, net – (2.2%) (16,463,638 )
TOTAL NET ASSETS – 100.0% $ 756,693,285

Security Abbreviations and Legend

CVR         Contingent Value Right
(A) Non-income producing security.
(B) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $15,818,149.
(C) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(D) Strike price and/or expiration date not available.
(E) The rate shown is the annualized seven-day yield as of 3-31-18.
(F) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.
* 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.

DERIVATIVES

FUTURES

Unrealized
Number of Expiration Notional Notional appreciation
Open contracts       contracts       Position       date       basis*       value*       (depreciation)
Russell 2000 Index E-Mini Futures 21 Long Jun 2018 $1,657,944 $1,607,760 $(50,184 )
S&P 500 Index Futures 16 Long Jun 2018 10,980,563 10,572,000 (408,563 )
S&P Mid 400 Index E-Mini Futures 4 Long Jun 2018 768,796 753,240 (15,556 )
$(474,303 )

* Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

See Notes to Portfolio of Investments regarding investment transactions and other derivatives information.

324



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust

Shares or
Principal
      Amount       Value
U.S. GOVERNMENT AND AGENCY
OBLIGATIONS – 15.3%
U.S. Government – 12.1%
U.S. Treasury Notes
       0.625%, 04/30/2018 to 06/30/2018 $ 27,500,000 $ 27,444,869
U.S. Government Agency – 3.2%
Federal Home Loan Mortgage Corp.
       3.015%, (6 month LIBOR + 1.515%),
              12/01/2035 (A) 138,593 142,299
       3.150%, (1 Year CMT + 2.165%),
              11/01/2036 (A) 261,195 275,081
       3.190%, (6 month LIBOR + 1.565%),
              12/01/2036 (A) 70,650 72,641
       3.197%, (12 month LIBOR +
              1.447%), 06/01/2036 (A) 150,915 155,973
       3.207%, (1 Year CMT + 2.231%),
              05/01/2034 (A) 293,953 307,835
       3.405%, (1 Year CMT + 2.114%),
              12/01/2035 (A) 249,034 260,912
       3.416%, (12 month LIBOR +
              1.610%), 05/01/2037 (A) 200,769 211,088
       3.420%, (1 Year CMT + 2.295%),
              08/01/2035 (A) 245,071 258,144
       3.436%, (12 month LIBOR +
              1.665%), 02/01/2036 (A) 163,438 167,648
Federal National Mortgage Association
       3.084%, (12 month LIBOR +
              1.295%), 10/01/2038 (A) 157,666 164,280
       3.102%, (6 month LIBOR + 1.485%),
              10/01/2035 (A) 377,938 387,877
       3.198%, (12 month LIBOR +
              1.431%), 04/01/2035 (A) 1,018,847 1,050,657
       3.233%, (6 month LIBOR + 1.538%),
              02/01/2035 (A) 238,438 245,070
       3.365%, (12 month LIBOR +
              1.584%), 07/01/2035 (A) 478,444 496,663
       3.377%, (1 Year CMT + 2.268%),
              07/01/2035 (A) 271,367 286,268
       3.441%, (1 Year CMT + 2.171%),
              01/01/2036 (A) 300,663 316,080
       3.444%, (1 Year CMT + 2.219%),
              01/01/2036 (A) 163,626 172,231
       3.565%, (1 Year CMT + 2.185%),
              05/01/2036 (A) 687,814 723,999
       3.570%, (1 Year CMT + 2.333%),
              05/01/2034 (A) 176,291 186,294
       3.610%, (1 Year CMT + 2.196%),
              02/01/2035 (A) 591,504 621,557
Government National Mortgage
       Association
       2.750%(1 Year CMT + 1.500%),
       08/20/2032 to 08/20/2035 (A) 567,928 582,318
7,084,915
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS
(Cost $34,607,162) $ 34,529,784
 
CORPORATE BONDS – 53.7%
Consumer discretionary – 5.9%
Ford Motor Credit Company LLC
       2.021%, 05/03/2019 3,000,000 2,968,359
General Motors Financial Company, Inc.
       3.500%, 07/10/2019 2,000,000 2,012,811
Historic TW, Inc.
       6.875%, 06/15/2018 3,500,000 3,527,692
Time Warner Cable LLC
       6.750%, 07/01/2018 2,000,000 2,018,817
Toyota Motor Credit Corp.
       1.700%, 02/19/2019 3,000,000 2,978,490
13,506,169
Consumer staples – 2.8%
Anheuser-Busch InBev Finance, Inc.
       1.900%, 02/01/2019 4,000,000 3,988,160
Kraft Heinz Foods Company
       2.000%, 07/02/2018 2,500,000 2,497,498
6,485,658
Energy – 3.3%
ONEOK Partners LP
       3.200%, 09/15/2018 3,000,000 3,011,205
Petroleos Mexicanos
       5.500%, 02/04/2019 (B) 1,500,000 1,525,875
Shell International Finance BV
       2.000%, 11/15/2018 3,000,000 2,992,770
7,529,850
Financials – 23.3%
AIA Group, Ltd.
       2.250%, 03/11/2019 (C) 2,000,000 1,985,131
American Express Credit Corp.
       2.375%, 05/26/2020 2,000,000 1,973,812
Bank of America Corp.
       6.875%, 04/25/2018 2,198,000 2,203,759
BB&T Corp.
       2.450%, 01/15/2020 2,000,000 1,983,151
BNP Paribas SA
       2.450%, 03/17/2019 2,000,000 1,994,044
BPCE SA
       2.500%, 12/10/2018 1,919,000 1,915,640
Citigroup, Inc.
       1.700%, 04/27/2018 2,087,000 2,085,852
Credit Agricole SA
       2.625%, 10/03/2018 (C) 2,000,000 1,999,781
FS Investment Corp.
       4.000%, 07/15/2019 160,000 160,787
HSBC USA, Inc.
       2.250%, 06/23/2019 2,500,000 2,481,537
ING Bank NV
       2.300%, 03/22/2019 (C) 2,000,000 1,990,587
Macquarie Group, Ltd.
       3.000%, 12/03/2018 (C) 2,500,000 2,501,746
Morgan Stanley
       5.625%, 09/23/2019 2,057,000 2,135,093
MUFG Union Bank NA
       2.250%, 05/06/2019 1,250,000 1,240,975
National Australia Bank, Ltd.
       2.000%, 01/14/2019 2,000,000 1,991,795
PNC Bank NA
       2.200%, 01/28/2019 2,500,000 2,489,190
Santander Holdings USA, Inc.
       2.700%, 05/24/2019 1,183,000 1,180,015
Santander UK PLC
       2.500%, 03/14/2019 2,000,000 1,992,943
Societe Generale SA
       2.625%, 10/01/2018 2,000,000 1,999,226
Standard Chartered PLC
       2.400%, 09/08/2019 (C) 1,645,000 1,628,318
Sumitomo Mitsui Banking Corp.
       2.450%, 01/10/2019 2,000,000 1,994,831
Sumitomo Mitsui Trust Bank, Ltd.
       1.950%, 09/19/2019 (C) 2,000,000 1,965,590
The Bank of New York Mellon Corp.
       2.300%, 09/11/2019 2,000,000 1,984,409

325



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust (continued)

Shares or
Principal
      Amount       Value
CORPORATE BONDS (continued)
Financials (continued)
The Goldman Sachs Group, Inc.
       2.625%, 01/31/2019 $ 3,000,000 $ 2,998,443
UBS AG
       2.375%, 08/14/2019 3,000,000 2,977,821
Wells Fargo & Company
       2.500%, 03/04/2021 3,000,000 2,944,982
52,799,458
Health care – 7.7%
AbbVie, Inc.
       1.800%, 05/14/2018 3,600,000 3,597,375
Amgen, Inc.
       1.900%, 05/10/2019 3,000,000 2,976,346
GlaxoSmithKline Capital, Inc.
       5.650%, 05/15/2018 3,000,000 3,011,229
McKesson Corp.
       2.284%, 03/15/2019 2,769,000 2,754,117
Mylan NV
       3.000%, 12/15/2018 2,340,000 2,339,955
Teva Pharmaceutical Finance
       Netherlands III BV
       1.700%, 07/19/2019 2,870,000 2,775,015
17,454,037
Industrials – 4.2%
Air Lease Corp.
       2.625%, 09/04/2018 3,000,000 2,996,672
Caterpillar Financial Services Corp.
       2.100%, 01/10/2020 2,000,000 1,977,044
International Lease Finance Corp.
       3.875%, 04/15/2018 2,000,000 2,000,360
Penske Truck Leasing Company LP
       2.500%, 06/15/2019 (C) 2,615,000 2,601,693
9,575,769
Information technology – 3.7%
Apple, Inc.
       1.700%, 02/22/2019 3,000,000 2,983,052
Dell International LLC
       3.480%, 06/01/2019 (C) 2,000,000 2,008,910
IBM Corp.
       1.800%, 05/17/2019 3,000,000 2,976,555
NetApp, Inc.
       2.000%, 09/27/2019 345,000 339,627
8,308,144
Materials – 1.2%
The Sherwin-Williams Company
       7.250%, 06/15/2019 2,500,000 2,633,042
Real estate – 0.7%
American Tower Corp.
       3.400%, 02/15/2019 1,515,000 1,520,327
Utilities – 0.9%
Dominion Energy, Inc.
       1.875%, 12/15/2018 (C) 2,000,000 1,986,301
TOTAL CORPORATE BONDS (Cost
$122,547,685) $ 121,798,755
 
COLLATERALIZED MORTGAGE
OBLIGATIONS – 0.6%
U.S. Government Agency – 0.6%
Federal National Mortgage Association
       Series 2013-10, Class FT (1 month
       LIBOR + 0.350%)
       2.222%, 04/25/2042 (A) 1,242,830 1,240,917
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $1,245,548) $ 1,240,917
 
ASSET BACKED SECURITIES – 16.3%
Ally Auto Receivables Trust
       Series 2015-1, Class A4
       1.750%, 05/15/2020 2,000,000 1,990,113
BMW Vehicle Owner Trust
       Series 2016-A, Class A3
       1.160%, 11/25/2020 1,250,000 1,237,933
Cabela’s Credit Card Master Note Trust
       Series 2013-2A, Class A1
       2.170%, 08/16/2021 (C) 4,175,000 4,170,557
Capital One Multi-Asset Execution Trust
       Series 2015-A7, Class A7
       1.450%, 08/16/2021 2,965,000 2,948,856
CarMax Auto Owner Trust
       Series 2016-2, Class A3
              1.520%, 02/16/2021 1,833,236 1,818,431
       Series 2017-3, Class A2A
              1.640%, 09/15/2020 2,634,877 2,621,877
Citibank Credit Card Issuance Trust
       Series 2014-A6, Class A6
       2.150%, 07/15/2021 3,000,000 2,983,490
CNH Equipment Trust
       Series 2014-C, Class A3
              1.050%, 11/15/2019 230,271 229,934
       Series 2016-B, Class A2A
              1.310%, 10/15/2019 111,909 111,850
Discover Card Execution Note Trust
       Series 2012-A6, Class A6
       1.670%, 01/18/2022 3,000,000 2,966,039
Ford Credit Auto Owner Trust
       Series 2015-A, Class A3
       1.280%, 09/15/2019 382,312 381,792
Honda Auto Receivables Owner Trust
       Series 2015-3, Class A4
       1.560%, 10/18/2021 3,000,000 2,983,908
Hyundai Auto Receivables Trust
       Series 2016-A, Class A3
       1.560%, 09/15/2020 2,000,000 1,988,700
Mercedes-Benz Auto Receivables Trust
       Series 2015-1, Class A3
       1.340%, 12/16/2019 1,359,761 1,355,431
Nissan Auto Receivables Owner Trust
       Series 2015-A, Class A4
       1.500%, 09/15/2021 2,666,000 2,646,374
Synchrony Credit Card Master
       Note Trust
       Series 2015-2, Class A
       1.600%, 04/15/2021 4,250,000 4,249,150
Toyota Auto Receivables Owner Trust
       Series 2016-A, Class A3
       1.250%, 03/16/2020 1,683,755 1,674,600
World Omni Auto Receivables Trust
       Series 2016-B, Class A2
       1.100%, 01/15/2020 702,624 701,565
TOTAL ASSET BACKED SECURITIES (Cost
$37,300,908) $ 37,060,600
 
SECURITIES LENDING COLLATERAL – 0.9%
John Hancock Collateral Trust,
       1.8276% (D)(E) 205,700 2,057,370
TOTAL SECURITIES LENDING COLLATERAL (Cost
$2,057,836) $ 2,057,370
 
SHORT-TERM INVESTMENTS – 6.6%
U.S. Government – 5.7%
U.S. Treasury Bill
       1.456%, 05/24/2018 * $ 8,000,000 7,980,924

326



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust (continued)

Shares or
Principal
      Amount       Value
SHORT-TERM INVESTMENTS (continued)  
U.S. Government (continued)
U.S. Treasury Bill (continued)
       1.605%, 05/24/2018 * $ 5,000,000 $ 4,988,078
12,969,002
U.S. Government Agency – 0.6%
Federal Agricultural Mortgage Corp.
       Discount Note
       1.500%, 04/02/2018 * 125,000 124,995
Federal Home Loan Bank Discount Note
       1.200%, 04/02/2018 * 860,000 859,988
       1.400%, 04/02/2018 * 489,000 489,000
1,473,983
Money market funds – 0.2%
State Street Institutional
       U.S. Government Money Market
       Fund, Premier Class, 1.5812% (D) 391,644 391,644
Repurchase agreement – 0.1%
Barclays Tri-Party Repurchase
       Agreement dated 3-29-18 at 1.750%
       to be repurchased at $169,033 on
       4-2-18, collateralized by $175,600
       U.S. Treasury Notes, 1.875% due
       4-30-22 (valued at $172,428,
       including interest) $ 169,000 $ 169,000
TOTAL SHORT-TERM INVESTMENTS (Cost $15,005,624)     $ 15,003,629
Total Investments (Ultra Short Term Bond Trust)    
       (Cost $212,764,763) – 93.4% $ 211,691,055
Other assets and liabilities, net – 6.6% 15,074,467
TOTAL NET ASSETS – 100.0% $ 226,765,522

Security Abbreviations and Legend

CMT         Constant Maturity Treasury
LIBOR London Interbank Offered Rate
(A) Variable rate obligation. The coupon rate shown represents the rate at period end.
(B) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $2,017,532.
(C) 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. Rule 144A securities amounted to $22,838,614 or 10.1% of the fund’s net assets as of 3-31-18.
(D) The rate shown is the annualized seven-day yield as of 3-31-18.
(E) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.
* 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.

Utilities Trust

Shares or
Principal
      Amount       Value
COMMON STOCKS – 95.1%
Consumer discretionary – 4.1%
Media – 4.1%
Altice USA, Inc., Class A (A)(B) 199,978 $ 3,695,593
Comcast Corp., Class A 158,120 5,402,960
NOS SGPS SA 376,021 2,216,219
11,314,772
Energy – 15.4%
Oil, gas and consumable fuels – 15.4%
Cheniere Energy, Inc. (A) 96,006 $ 5,131,521
Enbridge, Inc. 147,538 4,640,230
Energy Transfer Partners LP 116,055 1,882,412
Enterprise Products Partners LP 270,840 6,630,163
EQT GP Holdings LP (B) 12,508 288,685
EQT Midstream Partners LP 63,992 3,777,448
Kinder Morgan, Inc. 101,878 1,534,283
ONEOK, Inc. 10,760 612,459
Plains All American Pipeline LP (B) 40,528 892,832
Plains GP Holdings LP, Class A (A) 115,586 2,513,996
SemGroup Corp., Class A 40,024 856,514
Tallgrass Energy GP LP (B) 29,187 555,137
Targa Resources Corp. 47,372 2,084,368
The Williams Companies, Inc. 79,951 1,987,582
TransCanada Corp. 123,932 5,125,235
Western Gas Equity Partners LP 47,306 1,566,775
Williams Partners LP (B) 64,654 2,226,037
42,305,677
Industrials – 0.6%
Commercial services and supplies – 0.6%
Covanta Holding Corp. 117,945 1,710,203
Real estate – 2.8%
Equity real estate investment trusts – 2.8%
American Tower Corp. 53,376 7,757,668
Telecommunication services – 12.5%
Diversified telecommunication services – 9.2%
Cellnex Telecom SA (C) 143,141 3,826,718
Com Hem Holding AB 519,634 8,438,367
Hellenic Telecommunications
       Organization SA 179,269 2,430,103
Koninklijke KPN NV 884,491 2,659,655
Orange SA 162,159 2,756,353
Telefonica Brasil SA, ADR 118,253 1,816,366
Telesites SAB de CV (A)(B) 898,400 700,732
TELUS Corp. 76,454 2,684,658
25,312,952
Wireless telecommunication services – 3.3%
Advanced Info Service PCL 229,400 1,514,936
America Movil SAB de CV,
       Series L, ADR 27,849 531,637
Globe Telecom, Inc. 4,410 137,441
KDDI Corp. 61,500 1,583,896
Millicom International Cellular SA 8,071 552,336
Mobile TeleSystems PJSC, ADR 202,330 2,304,539
Vodafone Group PLC 497,646 1,361,575
XL Axiata Tbk PT (A) 6,358,550 1,170,298
9,156,658
34,469,610
Utilities – 59.7%
Electric utilities – 36.1%
American Electric Power Company, Inc. 105,146 7,211,964
Avangrid, Inc. 51,653 2,640,501
CLP Holdings, Ltd. 13,500 137,646
Duke Energy Corp. 60,238 4,666,638
Edison International 69,401 4,418,068
EDP - Energias do Brasil SA 33,293 134,223
Emera, Inc. 127,631 4,037,909
Enel Americas SA 504,461 118,605
Enel Americas SA, ADR 127,966 1,486,965
Enel SpA 1,458,170 8,922,850
Eversource Energy 19,717 1,161,726

327



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Utilities Trust (continued)

Shares or
Principal
      Amount       Value
COMMON STOCKS (continued)
Electric utilities (continued)
Exelon Corp. 472,639 $ 18,437,647
Great Plains Energy, Inc. 87,507 2,781,848
Iberdrola SA 763,936 5,617,518
NextEra Energy, Inc. 70,667 11,542,041
PG&E Corp. 99,628 4,376,658
PPL Corp. 351,444 9,942,351
SSE PLC 287,329 5,154,495
The Southern Company 119,911 5,355,225
Westar Energy, Inc. 11,771 619,037
Xcel Energy, Inc. 12,502 568,591
99,332,506
Gas utilities – 2.0%
APA Group 244,747 1,490,258
Atmos Energy Corp. 1,693 142,618
China Resources Gas Group, Ltd. 1,104,000 3,860,683
5,493,559
Independent power and renewable electricity producers – 15.5%
AES Corp. 415,907 4,728,863
China Longyuan Power Group Corp.,
       Ltd., H Shares 2,316,000 1,788,603
Dynegy, Inc. (A) 399,898 5,406,621
EDP Renovaveis SA 1,521,066 14,911,111
Engie Brasil Energia SA 113,600 1,347,461
NextEra Energy Partners LP (B) 95,378 3,814,166
NRG Energy, Inc. 207,221 6,326,457
NRG Yield, Inc., Class A 121,303 1,994,221
NRG Yield, Inc., Class C 39,985 679,745
NTPC, Ltd. 615,243 1,611,387
42,608,635
Multi-utilities – 5.2%
CenterPoint Energy, Inc. 78,013 2,137,556
CMS Energy Corp. 18,801 851,497
Public Service Enterprise Group, Inc. 69,472 3,490,273
RWE AG 127,808 3,159,182
Sempra Energy 36,278 4,034,839
Suez 47,189 683,766
14,357,113
Water utilities – 0.9%
Cia de Saneamento Basico do Estado de
       Sao Paulo 231,700 2,456,345
164,248,158
TOTAL COMMON STOCKS (Cost $250,607,812) $ 261,806,088
  
PREFERRED SECURITIES – 4.3%
Energy – 0.7%
Oil, gas and consumable fuels – 0.7%
Anadarko Petroleum Corp., 7.500% 60,689 1,808,532
Utilities – 3.6%
Electric utilities – 2.0%
NextEra Energy, Inc., 6.123% 63,281 3,648,782
NextEra Energy, Inc., 6.371% 24,383 1,773,132
5,421,914
Independent power and renewable electricity producers –
0.4%
Dynegy, Inc., 7.000% 13,018 1,126,057
Multi-utilities – 1.2%
Dominion Energy, Inc., 6.750% 44,538 2,067,009
Sempra Energy, 6.000% 12,036 1,232,125
3,299,134
9,847,105
TOTAL PREFERRED SECURITIES (Cost $11,602,179) $ 11,655,637
 
SECURITIES LENDING COLLATERAL – 3.2%
John Hancock Collateral Trust,
       1.8276% (D)(E) 894,591 8,947,524
TOTAL SECURITIES LENDING COLLATERAL (Cost
       $8,948,779) $ 8,947,524
SHORT-TERM INVESTMENTS – 0.3%
Money market funds – 0.3%
State Street Institutional Treasury Money
       Market Fund, Premier Class, 1.5066% (D) 766,204 766,204
TOTAL SHORT-TERM INVESTMENTS (Cost $766,204)     $ 766,204
Total Investments (Utilities Trust)
(Cost $271,924,974) – 102.9% $ 283,175,453
Other assets and liabilities, net – (2.9%) (7,912,609 )
TOTAL NET ASSETS – 100.0% $ 275,262,844

Security Abbreviations and Legend

ADR         American Depositary Receipt
(A) Non-income producing security.
(B) A portion of this security is on loan as of 3-31-18. The value of securities on loan amounted to $8,653,398.
(C) 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.
(D) The rate shown is the annualized seven-day yield as of 3-31-18.
(E) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

DERIVATIVES

FORWARD FOREIGN CURRENCY CONTRACTS

Contractual
settlement Unrealized Unrealized
Contract to buy       Contract to sell       Counterparty (OTC)       date       appreciation       depreciation
CAD        222,536 USD        172,335 Barclays Bank PLC Wholesale 5/25/2018 $561 —
CAD 20,817 USD 16,182 Morgan Stanley Capital Services, Inc. 5/25/2018 — ($8 )
EUR 204,925 USD 253,661 Morgan Stanley Capital Services, Inc. 4/30/2018 — (1,045 )
EUR 73,547 USD 90,827 BNP Paribas SA 5/25/2018 — (2 )
EUR 254,489 USD 315,358 Deutsche Bank AG London 5/25/2018 — (1,083 )
EUR 169,841 USD 212,095 Morgan Stanley Capital Services, Inc. 5/25/2018 — (2,353 )

328



John Hancock Variable Insurance Trust
Portfolio of Investments — March 31, 2018 (unaudited) (showing percentage of total net assets)

Utilities Trust (continued)
FORWARD FOREIGN CURRENCY CONTRACTS (continued)

Contractual
settlement Unrealized Unrealized
Contract to buy       Contract to sell       Counterparty (OTC)       date       appreciation       depreciation
USD        10,905,020 CAD         14,072,492 Merrill Lynch International 5/25/2018 — ($28,450 )
USD 6,404,716 EUR 5,209,182 Morgan Stanley Capital Services, Inc. 4/19/2018 — (11,721 )
USD 22,896,463 EUR 18,443,605 JPMorgan Chase Bank N.A. 5/25/2018 $119,944 —
USD 3,937,739 GBP 2,760,284 Deutsche Bank AG London 5/25/2018 57,052 —
$177,557 ($44,662 )

Derivatives Currency Abbreviations

CAD        Canadian Dollar
EUR Euro
GBP Pound Sterling
USD U.S. Dollar

OTC is an abbreviation for over-the-counter. See Notes to Portfolio of Investments regarding investment transactions and other derivatives information.

329



Investment companies
Underlying Funds’ Investment Managers
Deutsche Investment Management Americas, Inc.       (Deutsche)
Dimensional Fund Advisors, L.P. (DFA)
Invesco Advisers, Inc. (Invesco)
Jennison Associates LLC (Jennison)
John Hancock Asset Management (JHAM)
Pacific Investment Management Company, LLC (PIMCO)
Redwood Investments, LLC (Redwood)
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)

Certain portfolios had the following country composition as a percentage of net assets on 3-31-18:

Alpha Opportunities Trust      
United States 87.8 %
Canada 2.8 %
United Kingdom 2.2 %
Switzerland 2.0 %
Ireland 2.0 %
Other countries 3.2 %
Total 100.0 %
 
Financial Industries Trust
United States 76.0 %
United Kingdom 6.0 %
Bermuda 2.7 %
Switzerland 2.5 %
Spain 2.5 %
Denmark 2.4 %
Norway 1.7 %
Sweden 1.3 %
France 1.2 %
Ireland 1.0 %
Other countries 2.7 %
Total 100.0 %
 
Fundamental Large Cap Value Trust
United States 87.9 %
Ireland 4.1 %
Switzerland 1.7 %
Belgium 1.6 %
Canada 1.5 %
Netherlands 1.4 %
France 1.0 %
Other countries 0.8 %

330





Total       100.0 %
 
High Yield Trust
United States 76.9 %
Canada 5.2 %
Cayman Islands 5.1 %
United Kingdom 3.2 %
France 1.7 %
Luxembourg 1.4 %
Netherlands 1.2 %
Bermuda 1.0 %
Other countries 4.3 %
Total 100.0 %
 
Investment Quality Bond Trust
United States 78.8 %
Cayman Islands 11.6 %
United Kingdom 1.1 %
Other countries 8.5 %
Total 100.0 %
  
Mid Value Trust
United States 87.5 %
Canada 3.8 %
Ireland 2.7 %
Bermuda 1.9 %
Denmark 1.4 %
Other countries 2.7 %
Total 100.0 %
  
Mutual Shares Trust
United States 78.8 %
United Kingdom 8.1 %
Switzerland 3.7 %
Ireland 3.0 %
Netherlands 2.6 %
South Korea 1.7 %
Other countries 2.1 %
Total 100.0 %
  
New Income Trust
United States 89.0 %
Cayman Islands 2.2 %
Netherlands 1.1 %
Other countries 7.7 %
Total 100.0 %
  
Science & Technology Trust
United States 82.8 %
China 4.8 %
United Kingdom 2.3 %

331





South Korea       2.0 %
Switzerland 1.3 %
Taiwan 1.2 %
Russia 1.2 %
Germany 1.1 %
Bermuda 1.0 %
Other countries 2.3 %
Total 100.0 %
 
Small Cap Value Trust
United States 89.8 %
United Kingdom 4.3 %
India 2.0 %
Luxembourg 2.0 %
Ireland 1.3 %
Other countries 0.6 %
Total 100.0 %
 
Strategic Equity Allocation Trust
United States 66.9 %
Japan 7.8 %
United Kingdom 5.2 %
France 3.3 %
Germany 3.1 %
Switzerland 3.0 %
Australia 2.1 %
Netherlands 1.5 %
Hong Kong 1.1 %
Spain 1.0 %
Other countries 5.0 %
Total 100.0 %
 
Strategic Income Opportunities Trust
United States 64.3 %
Mexico 5.4 %
Indonesia 4.3 %
Canada 2.9 %
Ireland 2.5 %
Philippines 2.3 %
Brazil 2.3 %
Malaysia 1.6 %
Germany 1.5 %
Netherlands 1.4 %
Other countries 11.5 %
Total 100.0 %
 
Ultra Short Term Bond Trust
United States 83.8 %
Netherlands 4.5 %
France 3.5 %

332





Australia       2.0 %
Japan 1.7 %
United Kingdom 1.6 %
Switzerland 1.3 %
Other countries 1.6 %
Total 100.0 %
 
Utilities Trust
United States 62.4 %
Spain 8.8 %
Canada 6.0 %
Italy 3.2 %
Sweden 3.1 %
United Kingdom 2.4 %
Brazil 2.1 %
Hong Kong 1.5 %
France 1.2 %
Germany 1.1 %
Other countries 8.2 %
Total 100.0 %

Certain portfolios had the following sector composition as a percentage of net assets on 3-31-18:

Emerging Markets Value Trust      
Financials 28.5 %
Materials 17.5 %
Energy 14.4 %
Industrials 9.2 %
Information technology 8.8 %
Consumer discretionary 8.1 %
Telecommunication services 4.2 %
Real estate 3.9 %
Consumer staples 2.5 %
Utilities 1.3 %
Health care 0.5 %
Short-term investments and other 1.1 %
Total 100.0 %
 
Global Trust
Financials 21.9 %
Health care 15.4 %
Consumer discretionary 12.1 %
Information technology 11.9 %
Energy 11.4 %
Industrials 7.1 %
Telecommunication services 5.8 %
Materials 4.0 %
Consumer staples 3.7 %
Utilities 2.3 %
Real estate 0.5 %
Short-term investments and other 3.9 %
Total 100.0 %
 
International Equity Index Trust

333





Financials        22.4 %
Industrials 11.6 %
Information technology 11.4 %
Consumer discretionary 11.1 %
Consumer staples 9.2 %
Materials 7.8 %
Health care 7.5 %
Energy 6.7 %
Telecommunication services 3.8 %
Real estate 3.1 %
Utilities 2.9 %
Short-term investments and other 2.5 %
Total 100.0 %
 
International Growth Stock Trust
Financials 26.2 %
Information technology 18.6 %
Industrials 17.0 %
Consumer staples 14.9 %
Consumer discretionary 8.5 %
Health care 4.4 %
Energy 3.9 %
Materials 2.2 %
Short-term investments and other 4.3 %
Total 100.0 %
 
International Small Company Trust
Industrials 23.9 %
Consumer discretionary 17.0 %
Materials 11.8 %
Financials 11.7 %
Information technology 10.4 %
Consumer staples 6.4 %
Health care 4.9 %
Energy 4.4 %
Real estate 4.0 %
Utilities 2.8 %
Telecommunication services 1.5 %
Short-term investments and other 1.2 %
Total 100.0 %
 
International Value Trust
Financials 22.1 %
Health care 16.0 %
Energy 14.1 %
Information technology 9.0 %
Industrials 8.2 %
Materials 7.6 %
Telecommunication services 6.7 %
Consumer discretionary 6.4 %
Consumer staples 3.5 %
Utilities 2.7 %

334





Short-term investments and other       3.7 %
Total 100.0 %

335


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.

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 trades. 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 NAVs 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 March 31, 2018, all investments of American Asset Allocation Trust, American Global Growth Trust, American Growth Trust, American Growth-Income Trust, American International Trust, Lifestyle Aggressive Portfolio, Lifestyle Balanced Portfolio, Lifestyle Conservative Portfolio, Lifestyle Moderate Portfolio, Real Estate Securities Trust and Small Company Value Trust are categorized as Level 1 under the hierarchy described above.

All investments of 500 Index Trust, Fundamental All Cap Core Trust and Mid Cap Index Trust are categorized as Level 1 under the hierarchy described above, except for repurchase agreements and discount notes which are categorized as Level 2.

All investments of Money Market Trust and Short Term Government Income 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.

All investments of Core Bond Trust, Total Bond Market Trust and Ultra Short Term Bond Trust 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.

336


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.

The following is a summary of the values by input classification of the portfolios’ investments as of March 31, 2018, by major security category or type:

      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Active Bond Trust
Investments in securities:
Assets
U.S. Government and Agency obligations $226,764,093 – $226,764,093 –
Foreign government obligations 5,534,824 – 5,534,824 –
Corporate bonds 297,310,391 – 297,310,391 –
Convertible bonds 282,224 – 282,224 –
Capital preferred securities 1,945,762 – 1,945,762 –
Municipal bonds 3,558,642 – 3,558,642 –
Term loans 853,103 – 853,103 –
Collateralized mortgage obligations 83,183,324 – 83,183,324 –
Asset backed securities 83,104,514 – 83,104,514 –
Preferred securities 1,556,161 $1,355,890 200,271 –
Securities lending collateral 6,765,721 6,765,721 – –
Short-term investments 72,257,933 66,944,106 5,313,827 –
Total investments in securities $783,116,692 $75,065,717 $708,050,975 –
 
 
      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Alpha Opportunities Trust
Investments in securities:
Assets
Common stocks
Consumer discretionary $13,590,324 $13,025,828 $460,938 $103,558
Consumer staples 5,868,903 4,870,030 998,873 –
Energy 5,102,523 5,102,523 – –
Financials 21,787,702 21,359,221 333,133 95,348
Health care 11,711,323 11,631,851 79,472 –
Industrials 15,424,797 15,214,169 210,628 –
Information technology 20,886,923 20,057,484 642,025 187,414

Materials

 5,939,364 5,939,364 – –
Real estate 2,784,088 2,735,957 – 48,131
Telecommunication services 1,980,704 1,980,704 – –
Utilities 2,215,749 2,215,749 – –
Preferred securities 7,120,574 – – 7,120,574
Warrants 13,231 13,230 – 1
Short-term investments 3,700,000 – 3,700,000 –
Total investments in securities $118,126,205 $104,146,110 $6,425,069 $7,555,026

337



      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Blue Chip Growth Trust                        
Investments in securities:
Assets
Common stocks
Consumer discretionary $401,221,976 $401,221,976 – –
Consumer staples 6,294,367 6,294,367 – –
Financials 169,943,782 169,943,782 – –
Health care 279,908,018 279,908,018 – –
Industrials 168,396,705 168,396,705 – –
Information technology 743,196,736 704,284,439 $38,912,297 –
Materials 9,546,026 9,546,026 – –
Real estate 8,282,825 8,282,825 – –
Utilities 6,506,239 6,506,239 – –
Securities lending collateral 49,989,455 49,989,455 – –
Short-term investments 5,097,477 5,097,477 – –
Total investments in securities $1,848,383,606 $1,809,471,309 $38,912,297 –
 
 
      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Capital Appreciation Trust
Investments in securities:
Assets
Common stocks
Consumer discretionary $219,720,925 $203,743,449 $15,977,476 –
Consumer staples 48,169,444 48,169,444 – –
Energy 13,639,742 13,639,742 – –
Financials 52,660,030 52,660,030 – –
Health care 97,733,267 97,733,267 – –
Industrials 81,260,573 81,260,573 – –
Information technology 508,131,632 471,848,720 36,282,912 –
Materials 9,293,104 9,293,104 – –
Securities lending collateral 22,507,632 22,507,632 – –
Short-term investments 1,047,197 1,047,197 – –
Total investments in securities $1,054,163,546 $1,001,903,158 $52,260,388 –

338



      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Capital Appreciation Value Trust                        
Investments in securities:
Assets
Common stocks
Consumer discretionary $29,415,216 $29,415,216 – –
Consumer staples 31,255,261 31,255,261 – –
Energy 4,900,259 4,083,225 $817,034 –
Financials 30,777,703 30,777,703 – –
Health care 53,491,432 53,491,432 – –
Industrials 24,893,518 24,893,518 – –
Information technology 60,477,641 60,477,641 – –
Materials 1,857,356 1,857,356 – –
Real estate 8,831,427 8,831,427 – –
Utilities 21,316,008 21,316,008 – –
Preferred securities
Financials 5,534,150 5,534,150 – –
Health care 3,924,100 3,924,100 – –
Real estate 341,696 – 341,696 –
Utilities 5,752,818 5,752,818 – –
U.S. Government and Agency obligations 23,785,678 – 23,785,678 –
Corporate bonds 71,061,470 – 71,061,470 –
Term loans 6,167,090 – 6,167,090 –
Asset backed securities 397,200 – 397,200 –
Purchased options 93,510 – 93,510 –
Securities lending collateral 2,018,366 2,018,366 – –
Short-term investments 12,052,152 9,868,152 2,184,000 –
Total investments in securities $398,344,051 $293,496,373 $104,847,678 –
Derivatives:
Liabilities
Written options ($1,336,430) – ($1,336,430) –

339



      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Emerging Markets Value Trust                        
Investments in securities:
Assets
Common stocks
Brazil $55,236,575 $55,236,575 – –
Chile 10,423,420 1,890,526 $8,532,894 –
China 95,486,488 6,677,184 88,779,459 $29,845
Colombia 2,414,395 2,414,395 – –
Czech Republic 1,653,054 – 1,653,054 –
Greece 214,363 – 214,363 –
Hong Kong 36,952,710 1,548,200 35,310,629 93,881
Hungary 1,999,707 – 1,999,707 –
India 90,542,868 2,844,144 87,691,572 7,152
Indonesia 19,002,001 8,710 18,993,291 –
Laos 17,526 – 17,526 –
Malaysia 20,887,184 – 20,887,184 –
Malta 187,442 – 187,442 –
Mexico 27,572,384 27,572,384 – –
Philippines 8,076,767 – 8,076,654 113
Poland 10,177,337 – 10,177,337 –
Russia 15,389,468 – 15,389,468 –
Singapore 21,872 – 21,872 –
South Africa 59,873,165 3,314,076 56,559,089 –
South Korea 134,216,287 19,082,621 115,089,221 44,445
Taiwan 123,967,018 2,258,677 121,708,341 –
Thailand 23,461,726 – 23,456,235 5,491
Turkey 10,466,752 – 10,463,833 2,919
Ukraine 226,533 – 226,533 –
Preferred securities
Brazil 14,031,708 14,031,708 – –
Colombia 659,662 659,662 – –
Malaysia 13,423 – 13,423 –
Panama 140,066 140,066 – –
South Korea 89,208 – 89,208 –
Rights 95,008 95,008 – –
Warrants 52,359 52,359 – –
Securities lending collateral 21,608,494 21,608,494 – –
Total investments in securities $785,156,970 $159,434,789 $625,538,335 $183,846
Derivatives:
Liabilities
Futures ($77,375) ($77,375) – –

340



      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Equity Income Trust
Investments in securities:
Assets
Common stocks
Consumer discretionary $121,649,749 $121,649,749 – –
Consumer staples 138,191,332 137,220,673 $970,659 –
Energy 159,741,359 124,770,944 34,970,415 –
Financials 455,117,309 455,117,309 – –
Health care 190,584,098 179,395,267 11,188,831 –
Industrials 173,582,744 173,582,744 – –
Information technology 144,849,976 144,849,976 – –
Materials 90,370,462 87,013,674 3,356,788 –
Real estate 48,906,383 48,906,383 – –
Telecommunication services 49,154,153 37,762,855 11,391,298 –
Utilities 80,946,271 80,946,271 – –
Preferred securities 37,956,121 37,956,121 – –
Corporate bonds 5,425,257 – 5,425,257 –
Securities lending collateral 26,212,076 26,212,076 – –
Short-term investments 22,668,194 22,668,194 – –
Total investments in securities $1,745,355,484 $1,678,052,236 $67,303,248 –
 
 
      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Financial Industries Trust
Investments in securities:
Assets
Common stocks
Financials
Banks $123,905,023 $106,661,317 $17,243,706 –
Capital markets 21,524,411 12,441,047 9,083,364 –
Consumer finance 11,260,572 11,260,572 – –
Diversified financial services 12,593,914 10,072,947 2,520,967 –
Insurance 38,165,684 37,091,007 1,074,677 –
Thrifts and mortgage finance 2,601,290 2,601,290 – –
Information technology                        
IT services 996,238 996,238 – –
Real estate
Equity real estate investment trusts 9,787,566 5,521,081 4,266,485 –
Real estate management and development 1,223,887 – 1,223,887 –
Preferred securities 490,736 – 490,736 –
Securities lending collateral 3,082,526 3,082,526 – –
Short-term investments 8,608,758 – 8,608,758 –
Total investments in securities $234,240,605 $189,728,025 $44,512,580 –
Derivatives:
Assets
Forward foreign currency contracts $220,659 – $220,659 –
Liabilities
Forward foreign currency contracts (33,863) – (33,863) –

341



      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Fundamental Large Cap Value Trust                        
Investments in securities:
Assets
Common stocks
Consumer discretionary $64,223,152 $56,637,643 $7,585,509 —
Consumer staples 48,039,310 23,408,982 24,630,328 —
Energy 67,024,119 67,024,119 — —
Financials 263,921,515 263,921,515 — —
Health care 82,853,462 82,853,462 — —
Industrials 110,585,974 110,585,974 — —
Information technology 103,169,341 103,169,341 — —
Materials 15,871,018 15,871,018 — —
Short-term investments 5,752,850 — 5,752,850 —
Total investments in securities $761,440,741 $723,472,054 $37,968,687 —
 
 
      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Global Bond Trust
Investments in securities:
Assets
U.S. Government and Agency obligations $159,647,376 — $159,647,376 —
Foreign government obligations 139,969,804 — 139,969,804 —
Corporate bonds 220,258,392 — 220,258,392 —
Capital preferred securities       1,521,000       —       1,521,000       —
Municipal bonds 4,809,747 — 4,809,747 —
Term loans 686,549 — 686,549 —
Collateralized mortgage obligations 46,666,782 — 46,666,782 —
Asset backed securities 53,104,120 — 53,104,120 —
Common stocks 25,775 $25,775 — —
Preferred securities 424,604 — 424,604 —
Escrow shares 434,820 — 434,820 —
Purchased options 402,440 2,311 400,129 —
Short-term investments 116,203,655 — 116,203,655 —
Total investments in securities $744,155,064 $28,086 $744,126,978 —
Derivatives:
Assets
Futures $3,268,068 $2,818,266 $449,802 —
Forward foreign currency contracts 4,155,092 — 4,155,092 —
Swap contracts 12,712,607 — 12,712,607 —
Liabilities
Futures (2,268,627) (1,738,405) (530,222) —
Forward foreign currency contracts (4,281,820) — (4,281,820) —
Written options (460,823) — (460,823) —
Swap contracts (5,799,127) — (5,799,127) —

342



      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Global Trust                        
Investments in securities:
Assets
Common stocks
Canada $5,858,834 $5,858,834 — —
China 8,377,609 5,480,248 $2,897,361 —
Denmark 1,219,961 — 1,219,961 —
France 14,095,121 — 14,095,121 —
Germany 7,134,156 — 7,134,156 —
Hong Kong 4,653,493 — 4,653,493 —
India 1,753,442 — 1,753,442 —
Ireland 4,818,664 4,164,075 654,589 —
Israel 4,060,755 4,060,755 — —
Italy 3,950,438 — 3,950,438 —
Japan 13,280,794 — 13,280,794 —
Luxembourg       3,691,399       —       3,691,399       —
Netherlands 13,445,257 — 13,445,257 —
Portugal 1,790,183 — 1,790,183 —
Russia 1,134,323 1,134,323 — —
Singapore 3,994,275 — 3,994,275 —
South Korea 9,908,757 3,392,271 6,516,486 —
Spain 1,660,827 — 1,660,827 —
Sweden 4,063,726 — 4,063,726 —
Switzerland 6,175,291 — 6,175,291 —
Taiwan 986,989 — 986,989 —
Thailand 2,940,911 — 2,940,911 —
United Kingdom 23,615,435 — 23,615,435 —
United States 75,437,914 75,437,914 — —
Corporate bonds 1,062,385 — 1,062,385 —
Securities lending collateral 13,368,797 13,368,797 — —
Short-term investments 5,800,000 — 5,800,000 —
Total investments in securities $238,279,736 $112,897,217 $125,382,519 —

343



      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Health Sciences Trust                        
Investments in securities:
Assets
Common stocks
Consumer discretionary $233,665 — — $233,665
Consumer staples 1,592,576 $1,592,576 — —
Health care 283,317,044 274,266,333 $8,845,118 205,593
Preferred securities
Consumer discretionary 521,773 — — 521,773
Health care 817,391 613,924 203,467 —
Information technology 136,243 — — 136,243
Convertible bonds 442,597 — 442,597 —
Rights 4,655 4,655 — —
Short-term investments 1,409,612 1,409,612 — —
Total investments in securities $288,475,556 $277,887,100 $9,491,182 $1,097,274

344



      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
High Yield Trust
Investments in securities:
Assets                        
Foreign government obligations $3,380,983 — $3,380,983 —
Corporate bonds 188,964,528 — 188,275,291 $689,237
Convertible bonds 3,378,464 — 3,378,464 —
Capital preferred securities 975,000 — 975,000 —
Term loans 6,691,357 — 6,691,357 —
Collateralized mortgage obligations 963,805 — 963,805 —
Asset backed securities 8,664,827 — 8,664,827 —
Common stocks 4,094,759 — 1,912,004 2,182,755
Preferred securities 2,846,302 $1,326,851 1,309,462 209,989
Escrow certificates 500 — — 500
Securities lending collateral 5,462,546 5,462,546 — —
Total investments in securities $225,423,071 $6,789,397 $215,551,193 $3,082,481
Derivatives:
Assets
Futures $46,660 $46,660 — —
Swap contracts 132 — $132 —
Liabilities
Futures (35,741) (35,741) — —
Forward foreign currency contracts (61,401) — (61,401) —
Swap contracts (267,817) — (267,817) —

345



      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
International Equity Index Trust
Investments in securities:
Assets
Common stocks
Australia $35,632,419 — $35,632,419 —
Austria 1,451,125 — 1,451,125 —
Belgium 6,047,657 — 6,047,657 —
Brazil 9,440,740 $9,440,740 — —
Canada 48,900,270 48,900,270 — —
Chile 2,208,031 1,824,562 383,469 —
China 52,168,630 14,823,686 37,344,944 —
Colombia 808,262 808,262 — —
Czech Republic 418,138 — 418,138 —
Denmark 9,822,987 — 9,822,987 —
Egypt 213,943 — 213,943 —
Finland       5,440,464       —       5,440,464       —
France 56,432,644 — 56,432,644 —
Germany 48,352,395 — 48,352,395 —
Greece 675,197 — 675,197 —
Hong Kong 25,810,652 274,875 25,524,033 $11,744
Hungary 641,303 — 641,303 —
India 16,176,715 2,885,889 13,290,826 —
Indonesia 4,251,259 9,458 4,241,801 —
Ireland 4,988,521 492,603 4,495,918 —
Isle of Man 245,508 — 245,508 —
Israel 2,343,896 478,421 1,865,475 —
Italy 11,343,468 — 11,343,468 —
Japan 131,180,208 — 131,180,208 —
Jersey, Channel Islands 280,049 — 280,049 —
Luxembourg 1,751,305 — 1,751,305 —
Macau 805,419 — 805,419 —
Malaysia 5,131,879 — 5,131,879 —
Malta 43,595 — 43,595 —
Mexico 5,767,989 5,633,999 133,990 —
Netherlands 24,838,526 1,412,073 23,426,453 —
New Zealand 846,335 — 846,335 —
Norway 3,590,526 — 3,590,526 —
Peru 831,143 831,143 — —
Philippines 1,796,798 — 1,796,798 —
Poland 2,430,492 — 2,430,492 —
Portugal 807,046 — 807,046 —
Romania 125,522 — 125,522 —
Russia 6,792,799 5,219,407 1,573,392 —
Singapore 7,329,291 — 7,329,291 —
South Africa 13,737,608 — 13,737,608 —
South Korea 28,323,014 270,519 28,052,495 —
Spain 16,993,702 — 16,993,702 —
Sweden 14,166,929 — 14,166,929 —
Switzerland 45,057,176 — 45,057,176 —
Taiwan 20,042,883 — 20,042,883 —
Thailand 4,330,077 — 4,330,077 —
Turkey 2,063,145 — 2,063,145 —
United Kingdom 80,352,272 — 80,352,272 —
United States       637,722       208,547       429,175       —
Preferred securities
Brazil 5,264,219 5,264,219 — —
Germany 3,059,805 — 3,059,805 —
Italy 162,688 — 162,688 —
South Korea 1,498,872 — 1,498,872 —
Rights 10,430 10,430 — —
Securities lending collateral 27,451,230 27,451,230 — —
Short-term investments 10,774,835 10,774,835 — —
Total investments in securities $812,089,753 $137,015,168 $675,062,841 $11,744
Derivatives:
Assets
Futures $101,086 $101,086 — —
Liabilities
Futures (119,358) (119,358) — —

346



      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
International Growth Stock Trust                        
Investments in securities:
Assets
Common stocks
Australia $18,705,170 — $18,705,170 —
Brazil 21,714,973 $21,714,973 — —
Canada 31,638,968 31,638,968 — —
China 3,339,592 3,339,592 — —
Denmark 7,933,417 — 7,933,417 —
France 31,163,717 — 31,163,717 —
Germany 40,224,826 — 40,224,826 —
Hong Kong 17,992,515 — 17,992,515 —
Italy 7,934,742 — 7,934,742 —
Japan 20,939,550 — 20,939,550 —
Mexico 7,984,216 7,984,216 — —
Netherlands 15,059,664 — 15,059,664 —
Singapore 7,634,117 — 7,634,117 —
South Korea 12,756,631 — 12,756,631 —
Spain 6,531,005 — 6,531,005 —
Sweden 9,561,859 — 9,561,859 —
Switzerland 22,646,244 — 22,646,244 —
Taiwan 9,757,672 — 9,757,672   —
Thailand 6,861,622 — 6,861,622   —
Turkey 4,548,751 — 4,548,751   —
United Kingdom 54,794,969 — 54,794,969   —
United States 9,540,531 9,540,531 —   —
Short-term investments 16,972,391 16,972,391 —   —
Total investments in securities $386,237,142 $91,190,671 $295,046,471   —

347



      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
International Small Company Trust                        
Investments in securities:
Assets
Common stocks
Australia $9,739,722 $85,918 $9,642,070 $11,734
Austria 2,451,439 – 2,451,439 –
Belgium 2,839,875 – 2,839,875 –
Bermuda 330,956 – 330,956 –
Cambodia 135,325 – 135,325 –
Canada 11,925,073 11,867,737 57,044 292
China 173,877 37,267 136,610 –
Denmark 3,301,483 – 3,301,483 –
Finland 3,954,969 – 3,954,969 –
France 7,262,321 – 7,262,321 –
Gabon 3,628 – 3,628 –
Georgia 124,310 – 124,310 –
Germany 8,703,033 – 8,703,033 –
Gibraltar 46,301 – 46,301 –
Greece 167 – – 167
Guernsey, Channel Islands 3,951 – 3,951 –
Hong Kong 4,023,758 – 3,965,763 57,995
India 73,416 – 73,416 –
Ireland 1,065,174 – 1,065,174 –
Isle of Man 471,807 – 471,807 –
Israel 1,024,576 5,871 1,018,705 –
Italy 6,676,374 – 6,676,374 –
Japan 36,543,704 – 36,543,704 –
Jersey, Channel Islands 344,030 – 344,030 –
Liechtenstein 71,338 – 71,338 –
Luxembourg       438,727       –       438,727       –
Macau 19,000 – 19,000 –
Malta 149,489 – 149,489 –
Monaco 77,137 58,726 18,411 –
Mongolia 7,499 – 7,499 –
Netherlands 3,882,925 – 3,882,925 –
New Zealand 1,034,533 – 1,034,533 –
Norway 1,077,327 – 1,077,327 –
Peru 46,277 – 46,277 –
Portugal 776,965 – 776,965 –
Russia 21,483 – 21,483 –
Singapore 1,603,466 – 1,571,237 32,229
South Africa 53,523 – 53,523 –
Spain 3,928,871 – 3,928,871 –
Sweden 4,152,644 – 4,152,644 –
Switzerland 6,940,330 61,376 6,878,954 –
United Arab Emirates 34,020 – 34,020 –
United Kingdom 22,773,588 – 22,753,100 20,488
United States 362,491 165,127 197,364 –
Preferred securities 419,359 – 419,359 –
Rights 30,463 30,238 225 –
Securities lending collateral 16,011,356 16,011,356 – –
Total investments in securities $165,132,080 $28,323,616 $136,685,559 $122,905
Derivatives:
Liabilities
Futures ($6,264) ($6,264) – –

348



      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
International Value Trust                        
Investments in securities:
Assets
Common stocks
Canada $47,948,983 $47,948,983 – –
China 65,713,453 22,071,867 $43,641,586 –
Denmark 4,973,854 – 4,973,854 –
France 53,245,930 – 53,245,930 –
Germany 63,577,202 – 63,577,202 –
Hong Kong 28,395,214 – 28,395,214 –
India       7,886,162       –       7,886,162       –
Ireland 19,549,262 – 19,549,262 –
Israel 16,152,750 16,152,750 – –
Italy 15,853,735 – 15,853,735 –
Japan 102,642,649 – 102,642,649 –
Luxembourg 18,238,324 – 18,238,324 –
Malta 3 – – $3
Netherlands 74,189,233 – 74,189,233 –
Singapore 16,779,760 124,536 16,655,224 –
South Korea 55,256,898 13,989,671 41,267,227 –
Sweden 4,630,092 – 4,630,092 –
Switzerland 33,753,228 – 33,753,228 –
Taiwan 20,811,736 – 20,811,736 –
Thailand 14,988,480 – 14,988,480 –
United Kingdom 132,340,601 – 132,340,601 –
Securities lending collateral 39,933,762 39,933,762 – –
Short-term investments 18,600,000 – 18,600,000 –
Total investments in securities $855,461,311 $140,221,569 $715,239,739 $3
 

349



      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Lifestyle Growth Portfolio                        
Investments in securities:
Assets
Affiliated investment companies $6,759,711,721 $6,759,711,721 – –
Common stocks
Health care 250 – – $250
Industrials 62 – – 62
Information technology 680,193 – $680,193 –
Preferred securities 679,453 – 679,453 –
Total investments in securities $6,761,071,679 $6,759,711,721 $1,359,646 $312
 
 
      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Managed Volatility Aggressive Portfolio                        
Investments in securities:
Assets
Affiliated investment companies 381,156,303 $381,156,303 – –
Short-term investments 3,777,673 1,092,702 $2,684,971 –
Total investments in securities $384,933,976 $382,249,005 $2,684,971 –
Derivatives:
Assets
Futures $15,530 $15,530 – –
Liabilities
Futures (303,903) (285,894) ($18,009) –

350



      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Managed Volatility Balanced Portfolio                        
Investments in securities:
Assets
Affiliated investment companies $7,491,438,535 $7,491,438,535 – –
Short-term investments 62,412,206 1,211,075 $61,201,131 –
Total investments in securities $7,553,850,741 $7,492,649,610 $61,201,131 –
Derivatives:
Assets
Futures $628,982 $79,883 $549,099 –
Liabilities
Futures (16,485,103) (16,485,103) – –
                 
                 
      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Managed Volatility Conservative Portfolio
Investments in securities:
Assets
Affiliated investment companies $1,270,322,851 $1,270,322,851 – –
Short-term investments 11,210,686 742,070 $10,468,616 –
Total investments in securities $1,281,533,537 $1,271,064,921 $10,468,616 –
Derivatives:
Assets
Futures $36,622 $291 $36,331 –
Liabilities
Futures (962,241) (962,241) – –
                 
                 
      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Managed Volatility Growth Portfolio
Investments in securities:
Assets
Affiliated investment companies $9,537,948,601 $9,537,948,601 – –
Short-term investments 123,101,063 1,411,315 $121,689,748 –
Total investments in securities $9,661,049,664 $9,539,359,916 $121,689,748 –
Derivatives:
Assets
Futures $41,577 $9,792 $31,785 –
Liabilities
Futures (1,286,834) (1,286,834) – –

351



      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Managed Volatility Moderate Portfolio                        
Investments in securities:
Assets
Affiliated investment companies $2,175,250,568 $2,175,250,568 – –
Short-term investments 16,158,610 173,409 $15,985,201 –
Total investments in securities $2,191,409,178 $2,175,423,977 $15,985,201 –
Derivatives:
Assets
Futures $150,784 $19,629 $131,155 –
Liabilities
Futures (3,766,702) (3,766,702) – –
                 
                 
      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Mid Cap Stock Trust
Investments in securities:
Assets
Common stocks
Consumer discretionary $179,663,758 $178,904,729 – $759,029
Energy 12,738,670 12,738,670 – –
Financials 30,945,131 30,945,131 – –
Health care 124,241,134 115,853,831 $8,387,303 –
Industrials 104,609,926 104,609,926 – –
Information technology 194,033,811 192,636,478 – 1,397,333
Materials 24,128,242 24,128,242 – –
Real estate 5,668,189 5,325,466 – 342,723
Preferred securities 42,432,577 – – 42,432,577
Warrants 651,540 651,540 – –
Securities lending collateral 65,749,044 65,749,044 – –
Short-term investments 27,400,000 – 27,400,000 –
Total investments in securities $812,262,022 $731,543,057 $35,787,303 $44,931,662

352



      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Mid Value Trust                        
Investments in securities:
Assets
Common stocks
Consumer discretionary $46,309,164 $46,309,164 – –
Consumer staples 79,050,498 67,823,350 $11,227,148 –
Energy 76,714,983 76,714,983 – –
Financials 161,382,425 155,580,457 5,801,968 –
Health care 101,765,937 101,765,937 – –
Industrials 75,371,199 72,384,261 2,986,938 –
Information technology 20,529,940 20,529,940 – –
Materials 58,597,231 58,597,231 – –
Real estate 65,416,312 65,416,312 – –
Telecommunication services 2,529,315 2,529,315 – –
Utilities 51,805,561 51,805,561 – –
Preferred securities 1,985,651 1,985,651 – –
Securities lending collateral 22,402,626 22,402,626 – –
Short-term investments 32,128,564 32,128,564 – –
Total investments in securities $795,989,406 $775,973,352 $20,016,054 –

353



      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Mutual Shares Trust
Investments in securities:
Assets
Common stocks
Consumer discretionary       $17,443,047       $15,009,712       $2,433,335       –
Consumer staples 14,436,551 11,063,035 3,373,516 –
Energy 14,739,785 10,461,584 4,278,201 –
Financials 33,370,746 32,123,036 1,247,710 –
Health care 17,010,343 17,010,343 – –
Industrials 11,217,323 7,774,906 3,442,417 –
Information technology 20,360,665 16,820,354 3,540,311 –
Materials 8,039,709 5,779,966 2,259,743 –
Real estate 2,917,319 2,917,319 – –
Telecommunication services 1,823,593 – 1,823,593 –
Utilities 4,974,574 4,974,574 – –
Corporate bonds 4,654,354 – 4,654,354 –
Rights 107,351 – 107,351 –
Escrow certificates 30,960 – 30,960 –
Securities lending collateral 3,510,053 3,510,053 – –
Short-term investments 10,690,870 – 10,690,870 –
Total investments in securities $165,327,243 $127,444,882 $37,882,361 –
Derivatives:
Assets
Forward foreign currency contracts $62,025 – $62,025 –
Liabilities
Forward foreign currency contracts (45,375) – (45,375) –


      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
New Income Trust                        
Investments in securities:
Assets
U.S. Government and Agency obligations $497,203,180 – $497,203,180 –
Foreign government obligations 18,170,781 – 18,170,781 –
Corporate bonds 473,478,185 – 473,478,185 –
Convertible bonds 1,402,367 – 1,402,367 –
Municipal bonds 18,847,690 – 18,847,690 –
Term loans 37,728,217 – 37,728,217 –
Collateralized mortgage obligations 123,584,157 – 123,584,157 –
Asset backed securities 170,554,146 – 170,554,146 –
Purchased options 349,781 $349,781 – –
Securities lending collateral 2,849,004 2,849,004 – –
Short-term investments 43,352,711 28,082,072 15,270,639 –
Total investments in securities $1,387,520,219 $31,280,857 $1,356,239,362 –
Derivatives:
Assets
Futures $1,550,053 $1,550,053 – –
Forward foreign currency contracts 367,521 – $367,521 –
Swap contracts 79,518 – 79,518 –
Liabilities
Futures (1,416,655) (1,416,655) – –
Forward foreign currency contracts (284,425) – (284,425) –
Written options (43,707) – (43,707) –

354



      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Science & Technology Trust                        
Investments in securities:
Assets
Common stocks
Consumer discretionary $131,686,850 $126,789,311 $4,861,412 $36,127
Health care 27,732,654 16,667,569 11,065,085 –
Industrials 10,545,730 10,545,730 – –
Information technology 575,841,442 524,043,933 51,797,509 –
Materials 4,669,943 4,669,943 – –
Real estate 4,026,688 4,026,688 – –
Telecommunication services 1,946,832 – 1,946,832 –
Preferred securities 1,717,171 – – 1,717,171
Securities lending collateral 39,676,108 39,676,108 – –
Short-term investments 38,441,649 24,999,649 13,442,000 –
Total investments in securities $836,285,067 $751,418,931 $83,112,838 $1,753,298
 
                 
      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Small Cap Growth Trust
Investments in securities:
Assets
Common stocks
Consumer discretionary $75,969,148 $75,969,148 – –
Consumer staples 6,281,336 6,281,336 – –
Energy 6,431,344 6,431,344 – –
Financials 24,275,883 24,275,883 – –
Health care 98,164,237 98,164,237 – –
Industrials 69,896,020 69,896,020 – –
Information technology 124,390,780 123,923,036 – $467,744
Materials 19,373,626 19,373,626 – –
Real estate 9,288,050 9,288,050 – –
Telecommunication services 1,896,094 1,896,094 – –
Preferred securities 5,388,795 – – 5,388,795
Securities lending collateral 23,319,193 23,319,193 – –
Short-term investments 7,600,000 – $7,600,000 –
Total investments in securities $472,274,506 $458,817,967 $7,600,000 $5,856,539

355



      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Small Cap Index Trust                        
Investments in securities:
Assets
Common stocks
Consumer discretionary $68,544,197 $68,515,975 $25,400 $2,822
Consumer staples 13,181,002 13,181,002 – –
Energy 20,640,070 20,640,070 – –
Financials 101,794,297 101,789,877 4,420 –
Health care 94,142,095 94,032,244 – 109,851
Industrials 86,530,084 86,530,084 – –
Information technology 99,171,272 99,171,272 – –
Materials 24,417,071 24,417,071 – –
Real estate 35,842,139 35,842,139 – –
Telecommunication services 3,448,754 3,448,754 – –
Utilities 18,539,395 18,539,395 – –
Preferred securities 33,881 33,881 – –
Rights 25,325 – 25,325 –
Warrants 30 – 30 –
Securities lending collateral 44,234,390 44,234,390 – –
Short-term investments 13,600,000 – 13,600,000 –
Total investments in securities $624,144,002 $610,376,154 $13,655,175 $112,673
Derivatives:
Liabilities
Futures ($414,458) ($414,458) – –
 
                 
      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Small Cap Opportunities Trust
Investments in securities:
Assets
Common stocks
Consumer discretionary $24,398,653 $24,398,625 – $28
Consumer staples 3,701,147 3,701,147 – –
Energy 10,352,021 10,352,021 – –
Financials 33,383,745 33,380,919 $2,825 1
Health care 16,008,002 16,002,606 – 5,396
Industrials 33,407,527 33,407,527 – –
Information technology 23,137,624 23,137,624 – –
Materials 8,551,374 8,551,374 – –
Real estate 1,874,934 1,874,934 – –
Telecommunication services 805,091 805,091 – –
Utilities 315,365 315,365 – –
Rights 6,042 – 6,042 –
Securities lending collateral 3,530,160 3,530,160 – –
Short-term investments 1,147,273 1,147,273 – –
Total investments in securities $160,618,958 $160,604,666 $8,867 $5,425

356



      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Small Cap Value Trust                        
Investments in securities:
Assets
Common stocks
Consumer discretionary $23,457,934 $23,457,934 – –
Consumer staples 22,295,800 6,086,831 $16,208,969 –
Energy 27,429,252 27,429,252 – –
Financials 128,728,846 128,728,846 – –
Health care 33,239,714 33,239,714 – –
Industrials 201,485,475 191,631,401 9,854,074 –
Information technology 47,752,822 47,752,822 – –
Materials 42,231,944 42,231,944 – –
Real estate 50,577,358 50,577,358 – –
Utilities 10,812,830 10,812,830 – –
Securities lending collateral 14,389,641 14,389,641 – –
Short-term investments 13,900,000 – 13,900,000 –
Total investments in securities $616,301,616 $576,338,573 $39,963,043 –
 
                 
      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Strategic Equity Allocation Trust
Investments in securities:
Assets
Common stocks
Consumer discretionary $1,325,789,595 $904,132,912 $421,654,447 $2,236
Consumer staples 871,827,107 497,419,031 374,408,076 –
Energy 577,483,609 392,483,485 185,000,124 –
Financials 1,827,796,608 1,095,663,611 732,132,997 –
Health care 1,304,288,257 956,514,568 347,677,216 96,473
Industrials 1,301,861,021 796,678,060 505,182,961 –
Information technology 1,927,719,881 1,712,367,596 215,352,285 –
Materials 520,764,858 243,045,109 277,719,749 –
Real estate 382,909,552 260,709,361 122,200,191 –
Telecommunication services 252,187,574 119,104,204 133,083,370 –
Utilities 340,604,400 227,045,744 113,558,656 –
Preferred securities
Consumer discretionary 13,519,308 24,214 13,495,094 –
Consumer staples 5,499,864 – 5,499,864 –
Financials 828,838 – 828,838 –
Materials 888,585 – 888,585 –
Rights 19,857 1,970 17,887 –
Securities lending collateral 138,589,723 138,589,723 – –
Short-term investments 258,421,896 – 258,421,896 –
Total investments in securities $11,051,000,533 $7,343,779,588 $3,707,122,236 $98,709
Derivatives:
Liabilities
Futures ($7,850,163) ($7,850,163) – –

357



      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Strategic Income Opportunities Trust                        
Investments in securities:
Assets
Foreign government obligations $128,144,960 – $128,144,960 –
Corporate bonds 264,008,421 – 264,008,421 –
Convertible bonds 16,211,914 – 16,211,914 –
Capital preferred securities 10,488,701 – 10,488,701 –
Term loans 58,892,824 – 58,892,824 –
Collateralized mortgage obligations 30,056,818 – 30,056,818 –
Asset backed securities 24,595,922 – 24,595,922 –
Common stocks 19,110,273 $19,110,273 – –
Preferred securities 31,854,427 28,134,748 3,719,679 –
Purchased options 2,637,364 – 2,637,364 –
Warrants 2,287,991 2,287,991 – –
Short-term investments 10,173,737 – 10,173,737 –
Total investments in securities $598,463,352 $49,533,012 $548,930,340 –
Derivatives:
Assets
Forward foreign currency contracts $2,192,774 – $2,192,774 –
Liabilities
Futures (1,137,949) ($691,763) (446,186) –
Forward foreign currency contracts (2,196,263) – (2,196,263) –

358



      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Total Stock Market Index Trust                        
Investments in securities:
Assets
Common stocks
Consumer discretionary $99,390,436 $99,380,329 $9,765 $342
Consumer staples 55,898,710 55,898,602 – 108
Energy 46,765,539 46,765,179 – 360
Financials 114,297,981 114,297,381 593 7
Health care 92,504,490 92,484,744 – 19,746
Industrials 78,929,772 78,929,351 421 –
Information technology 174,166,218 174,165,982 236 –
Materials 23,918,089 23,917,894 – 195
Real estate 26,615,790 26,607,900 7,890 –
Telecommunication services 13,610,859 13,610,859 – –
Utilities 20,606,531 20,606,531 – –
Preferred securities 17,481 17,481 – –
Rights 3,264 – 3,264 –
Warrants 1,435 1,371 64 –
Securities lending collateral 16,180,328 16,180,328 – –
Short-term investments 10,250,000 – 10,250,000 –
Total investments in securities $773,156,923 $762,863,932 $10,272,233 $20,758
Derivatives:
Liabilities
Futures ($474,303) ($474,303) – –

359



      Total Value at 3-31-18       Level 1 Quoted Price       Level 2 Significant
Observable Inputs		       Level 3 Significant
Unobservable Inputs
Utilities Trust                        
Investments in securities:
Assets
Common stocks
Consumer discretionary $11,314,772 $9,098,553 $2,216,219 –
Energy 42,305,677 42,305,677 – –
Industrials 1,710,203 1,710,203 – –
Real estate 7,757,668 7,757,668 – –
Telecommunication services 34,469,610 8,037,932 26,431,678 –
Utilities 164,248,158 116,792,054 47,456,104 –
Preferred securities 11,655,637 11,655,637 – –
Securities lending collateral 8,947,524 8,947,524 – –
Short-term investments 766,204 766,204 – –
Total investments in securities $283,175,453 $207,071,452 $76,104,001 –
Derivatives:
Assets
Forward foreign currency contracts $177,557 – $177,557 –
Liabilities
Forward foreign currency contracts (44,662) – (44,662) –

For the following portfolios, securities held at the beginning of the year were transferred from Level 2 to Level 1 during the period since quoted prices in active markets for identical securities became available:

Portfolio Approximate Market
Values Transferred
Emerging Markets Value Trust $55,520,000
International Equity Index Trust $30,139,000
International Growth Stock Trust $44,930,000
Utilities Trust $4,091,000

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       Warrants       Total
Balance as of 12-31-17 $349,449 $9,838,852 – $10,188,301
Realized gain (loss) – 1,440,308 – 1,440,308
Change in unrealized appreciation (depreciation) (11,916) (1,228,466) ($4,405) (1,244,787)
Purchases 24,965 – – 24,965
Sales – (2,722,012) – (2,722,012)
Transfers into Level 3 71,953 – 4,481 76,434
Transfers out of Level 3 – (208,108) (75) (208,183)
Balance as of 3-31-18 $434,451 $7,120,574 $1 $7,555,026
Change in unrealized at period end* ($11,916) ($1,303,219) ($4,405) ($1,319,540)

360



High Yield Trust       Corporate bonds       Common stocks       Preferred securities       Escrow certificates       Total
Balance as of 12-31-17 $647,229 $1,955,473 $210,789 $500 $2,813,991
Realized gain (loss) – – – – –
Change in unrealized appreciation (depreciation) 18,975 227,282 – – 246,257
Purchases 23,033 – 15,542 – 38,575
Sales – – – – –
Transfers into Level 3 – – – – –
Transfers out of Level 3 – – (16,342) – (16,342)
Balance as of 3-31-18 $689,237 $2,182,755 $209,989 $500 $3,082,481
Change in unrealized at period end* $18,975 $227,282 – – $246,257
 
 
Mid Cap Stock Trust Common stocks Preferred securities Total
Balance as of 12-31-17 $2,580,575 $48,582,762 $51,163,337
Realized gain (loss) – 3,899,017 3,899,017
Change in unrealized appreciation (depreciation) (81,490) (2,680,520) (2,762,010)
Purchases – – –
Sales – (7,368,682) (7,368,682)
Transfers into Level 3 – – –
Transfers out of Level 3 – – –
Balance as of 3-31-18 $2,499,085 $42,432,577 $44,931,662
Change in unrealized at period end* ($81,490) ($2,680,520) ($2,762,010)
 
 
Small Cap Growth Trust Common stocks Preferred securities Total
Balance as of 12-31-17 $506,996 $4,867,088 $5,374,084
Realized gain (loss) – – –
Change in unrealized appreciation (depreciation) (39,252) 521,707 482,455
Purchases – – –
Sales – – –
Transfers into Level 3 – – –
Transfers out of Level 3 – – –
Balance as of 3-31-18 $467,744 $5,388,795 $5,856,539
Change in unrealized at period end* ($39,252) $521,707 $482,455

361


* Change in unrealized appreciation (depreciation) attributable to Level 3 securities held at period end.

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 3-31-18		 Valuation Technique Significant Unobservable Inputs Input/ Range
 
Common stocks $198,410 Market Approach Prior / recent transactions $9.58 - $51.81 (weighted average $21.52)
EV to revenue multiple 2.56x
48,627 Market Approach Discount 25%
OPM - Volatility 15%
8,754 Market Approach Expected future value $0.24
Discount 20%
178,660 Market Approach EV to revenue multiple 3.64x
Discount 25%
$434,451
 
Preferred securities $2,322,698 Market Approach EV to revenue multiple 1.28x - 9.5x (weighted average 6.85x)
Discount 10% - 17.5% (weighted average 15.3%)
  EV to revenue multiple 2.56x - 5.81x (weighted average 3.52x)
827,039 Market Approach Discount 17.5% - 25% (weighted average 23%)
OPM - Volatility 15% - 40% (weighted average 28.9%)
708,692 Market Approach EV to gross profit multiple 9.01x
Discount 17.5%
3,262,145 Market Approach Prior / recent transactions $15.72 - $51.81 (weighted average $39.1)
$7,120,574
 
Warrants $1 Market Approach Prior / recent transactions $0.60
 
Total $7,555,026
 

362



High Yield Trust
Fair Value
at 3-31-18		 Valuation Technique Significant Unobservable Inputs Input/ Range
 
Common stocks $2,165,412 Market Approach EV/EBITDA multiple 6.08x - 17.56x (weighted average 8.36x)
Discount 10% - 25% (weighted average 19.1%)
17,343 Market Approach Estimated liquidation value $0.38
$2,182,755
 
Preferred securities $209,989 Market Approach Prior / recent transactions $0.01
 
Corporate bonds 689,237 Market Approach Yield 9.26%
 
Escrow certificates $500 Market Approach Estimated liquidation value $0.03
 
Total $3,082,481
 

363



Mid Cap Stock Trust
Fair Value
at 3/31/2018		 Valuation Technique Significant Unobservable Inputs Input/ Range
 
Common stocks $740,410 Market Approach Prior / recent transactions $15.72 - $51.81 (weighted average $32.42)
62,358 Market Approach Expected future value $0.24
Discount 20%
1,334,975 Market Approach EV to revenue multiple 3.64x
Discount 25%
EV to revenue multiple 2.56x
361,342 Market Approach Discount 25%
OPM - Volatility 15%
$2,499,085
  EV to revenue multiple 2.56x - 5.81x (weighted average 3.52x)
Preferred securities $6,060,205 Market Approach Discount 17.5% - 25% (weighted average 23%)
OPM - Volatility 15% - 40% (weighted average 28.8%)
10,062,222 Market Approach EV to revenue multiple 1.28x - 9.50x (weighted average 6.59x)
Discount 10% - 17.5% (weighted average 13.85%)
21,152,524 Market Approach Prior / recent transactions $15.72 - $51.81 (weighted average $39.7)
5,109,195 Market Approach EV to gross profit multiple 9.01x
Discount 17.50%
48,431 Market Approach Expected future value $0.36
Discount 54.92%
$42,432,577
 
Total $44,931,662
 

364



Small Cap Growth Trust
Fair Value
at 3-31-18		 Valuation Technique Significant Unobservable Inputs Input/ Range
 
Common stocks $467,744 Market Approach EV to revenue multiple 3.64x
Discount 25%
Preferred securities $2,765,400 Market Approach EV to revenue multiple 9.5x
Discount 10%
EV to revenue multiple 2.56x - 2.83x (weighted average 2.73x)
2,623,395 Market Approach Discount 25%
OPM - Volatility 15% - 40% (weighted average 30.7%)
$5,388,795
 
Total $5,856,539
 

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
Discount Decrease Increase
Enterprise value (“EV”) to gross profit multiple Increase Decrease
Enterprise value (“EV”) to revenue multiple Increase Decrease
Enterprise value to earnings before interest, taxes, depreciation and amortization (“EV/EBITDA”) multiple Increase Decrease
Estimated liquidation value Increase Decrease
Expected future value Increase Decrease
Options Pricing Method (OPM) - Volatility Variable Variable
Prior/recent transactions 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 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, and risk associated with extended settlement. 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.

365


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 fund may have limited rights to enforce the terms of an underlying loan than for other types of debt instruments.

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. If these decreases are in excess of income previously recorded, an adjustment to the cost of the security is made.

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. Income on these securities is computed at the contractual rate specified and is added to the principal balance of the bond. 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.

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 table details how the portfolios used futures contracts during the period ended March 31, 2018:

Portfolio Reason
500 Index Trust To manage against anticipated changes in securities, gain exposure to certain securities markets, as a substitute for securities purchased and to maintain diversity of the portfolio
Emerging Markets Value Trust To equitize cash balances
Global Bond Trust To manage against anticipated interest rate changes, gain exposure to foreign bond markets, gain exposure to treasuries market, maintain diversity of the portfolio, as a substitute for securities purchased and to manage duration
High Yield Trust To manage against anticipated interest rate changes
International Equity Index Trust To gain exposure to certain securities and as a substitute for securities purchased
International Small Company Trust To gain exposure to certain securities and as a substitute for securities purchased
Investment Quality Bond Trust To manage against anticipated interest rate changes, gain exposure to foreign bond markets, gain exposure to treasuries market, as a substitute for securities purchased and to manage duration
Managed Volatility Aggressive Portfolio To manage volatility of returns
Managed Volatility Balanced Portfolio To manage volatility of returns
Managed Volatility Conservative Portfolio To manage volatility of returns
Managed Volatility Growth Portfolio To manage volatility of returns
Managed Volatility Moderate Portfolio To manage volatility of returns
Mid Cap Index Trust To manage against anticipated changes in securities, gain exposure to certain securities markets, as a substitute for securities purchased and to maintain diversity of the portfolio
New Income Trust To manage against anticipated interest rate changes, gain exposure to treasuries market, maintain diversity of the portfolio and as a substitute for securities purchased
Small Cap Index Trust To manage against anticipated changes in securities, gain exposure to certain securities markets, as a substitute for securities purchased and to maintain diversity of the portfolio
Strategic Equity Allocation Trust To gain exposure to certain securities and as a substitute for securities purchased
Strategic Income Opportunities Trust To manage duration of the portfolio
Total Stock Market Index Trust To manage against anticipated changes in securities, gain exposure to certain securities markets, as a substitute for securities purchased and to maintain diversity of the portfolio

366


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 table details how the portfolios used forward foreign currency contracts during the period ended March 31, 2018:

Portfolio Reason
Financial Industries Trust To manage against anticipated changes in currency exchange rates
Global Bond Trust To manage against anticipated changes in currency exchange rates, manage currency exposure and to maintain diversity of the portfolio
High Yield Trust To manage against anticipated changes in currency exchange rates
Investment Quality Bond Trust To manage against anticipated changes in currency exchange rates and manage currency exposure
Mutual Shares Trust To manage against anticipated changes in currency exchange rates and to maintain diversity of the portfolio
New Income Trust To manage against anticipated changes in currency exchange rates and to manage currency exposure
Strategic Income Opportunities Trust To manage against anticipated changes in currency exchange rates and to enhance potential gain/income
Utilities Trust To manage against anticipated changes in currency exchange rates

367


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.

An interest rate swaption is an option to enter into an interest rate swap. A credit default swaption is an option to enter into a credit default swap. Inflation floors are instruments where in return for a premium, one party agrees to make payments to the other to the extent that the interest rate exceeds a specified rate (based on the Consumer Price Index or other designated measure), or “floor.”

The following table details how the portfolios used purchased option contracts during the period ended March 31, 2018:

Portfolio Reason
Capital Appreciation Value Trust To manage against changes in securities and to gain exposure to certain securities
Global Bond Trust To gain exposure to the bond market and foreign currencies, manage against anticipated interest rate changes, manage duration of the portfolio, maintain diversity of the portfolio and as a substitute for securities purchased
Investment Quality Bond Trust To manage against anticipated currency exchange rates
New Income Trust To manage against anticipated interest rate changes and manage duration of the portfolio
Strategic Income Opportunities Trust To manage against anticipated changes in currency exchange rates

The following table details how the portfolios used written option contracts during the period ended March 31, 2018:

Portfolio Reason
Capital Appreciation Value Trust To manage against anticipated changes in securities markets
Global Bond Trust To gain exposure to the bond market and foreign currencies, manage against anticipated interest rate changes, manage duration of the portfolio, maintain diversity of the portfolio and as a substitute for securities purchased
New Income Trust To gain exposure to security or credit index and as a substitute for securities purchased

368


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.

The following table details how the portfolios used interest rate swap contracts during the period ended March 31, 2018:

Portfolio Reason
Global Bond Trust To manage against anticipated interest rate changes, manage duration of the portfolio, gain exposure to treasury markets and as a substitute for securities purchased
Investment Quality Bond Trust To manage against anticipated interest rate changes and manage duration of the portfolio

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.

Credit default swaps – Buyer

The following table details how the portfolios used credit default swap contracts as Buyer of protection during the period ended March 31, 2018:

Portfolio Reason
Global Bond Trust To manage against potential credit events, gain exposure to a security or credit index and as a substitute for securities purchased
High Yield Trust To manage against potential credit events
Investment Quality Bond Trust To manage against potential credit events, gain exposure to a security or credit index and as a substitute for securities purchased

369


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 table details how the portfolios used credit default swap contracts as Seller of protection during the period ended March 31, 2018:

Portfolio Reason
Global Bond Trust To take a long position in the exposure of the benchmark credit, gain exposure to a security or credit index and as a substitute for securities purchased
High Yield Trust To take a long position in the exposure of the benchmark credit
Investment Quality Bond Trust To take a long position in the exposure of the benchmark credit, gain exposure to a security or credit index and as a substitute for securities purchased
New Income Trust To take a long position in the exposure of the benchmark credit

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.

The following table details how the portfolios used currency swap contracts during the period ended March 31, 2018:

Portfolio Reason
Global Bond Trust To manage against anticipated currency exchange rate changes, maintain diversity of the portfolio and to gain exposure to foreign currencies

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 details how the portfolios used volatility swap contracts during the period ended March 31, 2018:

Portfolio Reason
Global Bond Trust To take a position on future expectations of volatility

370


Investment in affiliated underlying portfolios. Lifestyle Aggressive Portfolio, Lifestyle Balanced Portfolio, Lifestyle Conservative Portfolio, Lifestyle Growth Portfolio, Lifestyle Moderate Portfolio, Managed Volatility Aggressive Portfolio, Managed Volatility Balanced Portfolio, Managed Volatility Conservative Portfolio, Managed Volatility Growth Portfolio and Managed Volatility Growth Portfolio invest primarily in affiliated underlying portfolios that are managed by the Advisor and its affiliates. The portfolios do not invest in the affiliated underlying portfolios for the purpose of exercising management or control; however, the portfolios’ investment may represent a significant portion of each underlying portfolios’ net assets.

Information regarding the portfolios’ fiscal year to date purchases and sales of the affiliated underlying portfolios as well as income and capital gains earned by the portfolios from their investments in affiliated underlying portfolios is as follows:

Dividends and distributions
Change in
Beginning Ending Income Capital gain unrealized
share Shares share distributions distributions Realized gain appreciation
Portfolio        amount        purchased        Shares sold        amount        received        received        (loss)        (depreciation)        Ending value
Lifestyle Aggressive Portfolio
Strategic Equity Allocation 1,241,814 26,588 (31,207) 1,237,195 – – $115,862 ($314,917) $24,385,123
 
Lifestyle Balanced Portfolio
Bond 39,225,796 708,855 (793,436) 39,141,215 – – ($316,254) ($7,156,484) $517,446,860
Strategic Equity Allocation 26,859,035 – (1,057,454) 25,801,581 – – 3,630,858 (7,391,697) 508,549,159
– – $3,314,604 ($14,548,181) $1,025,996,019
 
Lifestyle Conservative Portfolio
Bond 10,809,339 440,718 (338,317) 10,911,740 – – ($361,567) $1,936,173 $144,253,204
Strategic Equity Allocation 1,819,443 229,848 (204,360) 1,844,931 – – 558,053 774,017 36,363,583
– – $196,486 $2,710,190 $180,616,787
 
Lifestyle Growth Portfolio
Bond 152,580,967 – (425,373) 152,155,594 – – ($361,567) ($28,654,339) $2,011,496,959
Strategic Equity Allocation 251,361,487 – (10,457,643) 240,903,844 – – 38,298,506 (75,359,298) 4,748,214,762
– – $37,936,939 ($104,013,637) $6,759,711,721
 
Lifestyle Moderate Portfolio
Bond 14,578,842 224,225 (296,237) 14,506,830 – – ($121,031) ($2,653,774) $191,780,286
Strategic Equity Allocation 6,544,465 80,129 (275,133) 6,349,461 – – 1,029,648 (1,917,206) 125,147,883
– – $908,617 ($4,570,980) $316,928,169

371



Dividends and distributions
Change in
Beginning Ending Income Capital gain unrealized
share Shares share distributions distributions Realized gain appreciation
Portfolio        amount        purchased        Shares sold        amount        received        received        (loss)        (depreciation)        Ending value
Managed Volatility Aggressive
Portfolio
Alpha Opportunities 550,230 – (46,489) 503,741 – – ($1,860) ($14,342) $5,067,631
Blue Chip Growth 684,671 – (59,154) 625,517 – – 962,645 468,776 23,087,848
Capital Appreciation 1,579,058 2,112 (119,913) 1,461,257 – – 604,006 488,275 22,386,461
Emerging Markets Equity 631,165 – (34,856) 596,309 – – 139,605 28,878 7,382,301
Emerging Markets Value 2,164,722 20,364 (121,498) 2,063,588 – – 99,645 462,444 22,389,933
Equity Income 2,239,460 – – 2,239,460 – – – (895,784) 38,115,607
Fundamental Large Cap Value 2,212,978 7,849 (1,117) 2,219,710 – – 2,816 (1,152,535) 30,920,556
International Growth 500,878 – (23,464) 477,414 – – 195,551 267,533 13,639,712
International Growth Stock 1,126,334 – (3,758) 1,122,576 – – 16,023 (229,974) 20,621,729
International Value 1,742,082 10,681 (6,392) 1,746,371 – – 41,664 (683,082) 24,169,773
International Value Equity 1,167,658 16,892 (3,392) 1,181,158 – – 2,709 (214,676) 10,063,466
Mid Cap Stock 762,324 – (50,212) 712,112 – – 105,774 564,378 13,451,792
Mid Value 1,206,451 – (8,540) 1,197,911 – – (1,493) (95,320) 13,716,082
Multifactor Large Cap ETF 122,871 – – 122,871 – – – (29,477) 4,245,193
Multifactor Mid Cap ETF 62,781 – – 62,781 – – – 11,301 2,152,760
Real Estate Securities 379,115 25,283 (9,939) 394,459 – – 42,132 (495,585) 7,261,987
Small Cap Growth, JHF II 221,063 47,647 (3,555) 265,155 – $829,528 (6,855) (954,503) 4,412,182
Small Cap Growth, JHVIT 569,442 – (36,708) 532,734 – – 35,760 131,153 5,609,687
Small Cap Value 255,360 5,276 – 260,636 – – – (209,012) 5,048,526
Small Company Value 247,802 2,991 – 250,793 – – – (130,878) 5,088,586
Strategic Equity Allocation 4,097,167 – (52,777) 4,044,390 – – 196,904 (871,212) 79,714,919
Strategic Growth 1,328,319 – (77,098) 1,251,221 – – 316,399 431,855 22,609,572
– $829,528 $2,751,425 ($3,121,787) $381,156,303

372



Dividends and distributions    
Portfolio          Beginning
share
amount		          Shares
purchased 		         Shares
sold		         

Ending
share
amount

          Income
distributions
received		          Capital gain
distributions
received		          Realized gain
(loss)		          Change in
unrealized
appreciation
(depreciation)		          Ending value
Managed Volatility Balanced
Alpha Opportunities 4,326,775 – (1,318,786) 3,007,989 – – ($52,751) $382,894 $30,260,369
Blue Chip Growth 5,554,747 – (668,694) 4,886,053 – – 12,608,876 (910,109) 180,344,205
Bond 178,601,968 1,875,469 (4,340,010) 176,137,427 – – (2,094,310) (32,226,703) 2,328,536,791
Capital Appreciation 12,811,776 – (1,407,016) 11,404,760 – – 7,180,569 1,863,229 174,720,916
Core Bond 26,429,018 211,931 (545,061) 26,095,888 – – (741,046) (4,582,813) 334,549,278
Emerging Markets Equity 4,040,518 – (294,052) 3,746,466 – – 1,216,656 (86,685) 46,381,250
Emerging Markets Value 13,856,621 – (893,700) 12,962,921 – – 1,683,141 2,006,103 140,647,698
Equity Income 18,070,926 – (437,736) 17,633,190 – – 1,373,592 (8,125,730) 300,116,891
Fundamental Large Cap Value 17,812,204 – (363,249) 17,448,955 – – 812,605 (9,738,202) 243,063,942
Global Bond 12,359,712 – (640,351) 11,719,361 – – 183,590 2,852,998 153,758,019
Global Conservative Absolute Return 2,559,231 – – 2,559,231 – – – 127,962 23,877,628
International Growth 2,157,336 – (173,419) 1,983,917 – – 1,459,011 575,066 56,680,520
International Growth Stock 4,780,353 – (114,614) 4,665,739 – – 873,615 (1,672,743) 85,709,630
International Value 10,413,029 – (194,326) 10,218,703 – – 522,475 (4,216,894) 141,426,851
Mid Cap Stock 4,397,820 – (421,260) 3,976,560 – – (169,212) 4,041,865 75,117,221
Mid Value 6,919,428 – (177,973) 6,741,455 – – (314,137) (201,750) 77,189,662
Multifactor Large Cap ETF 2,467,609 – – 2,467,609 – – – (591,979) 85,255,891
Multifactor Mid Cap ETF 1,260,752 – – 1,260,752 – – – 226,935 43,231,186
New Income 46,959,104 278,258 (924,979) 46,312,383 – – (968,026) (7,544,075) 578,904,788
Short Term Government Income 4,530,316 16,824 (115,118) 4,432,022 – – (98,569) (219,440) 52,962,659
Small Cap Growth, JHF II 1,788,711 375,638 (62,073) 2,102,276 – $6,539,869 (4,221) (7,574,412) 34,981,880
Small Cap Growth, JHVIT 4,909,352 – (407,169) 4,502,183 – – (561,397) 2,017,256 47,407,986
Small Cap Value 2,149,487 – (9,948) 2,139,539 – – 49,726 (1,783,564) 41,442,867
Small Company Value 2,091,488 – (35,902) 2,055,586 – – 189,110 (1,259,903) 41,707,841
Strategic Equity Allocation 90,615,222 – (3,508,582) 87,106,640 – – 28,319,522 (40,701,457) 1,716,871,880
Strategic Growth 10,715,474 – (922,600) 9,792,874 – – 2,430,124 3,843,227 176,957,238
Total Return 21,298,200 162,073 (457,758) 21,002,515 – – (341,118) (3,728,133) 279,333,448
– $6,539,869 $53,557,825 ($107,227,057) $7,491,438,535

373



Dividends and distributions    
Portfolio          Beginning
share
amount		          Shares
purchased 		         Shares
sold		         

Ending
share
amount

          Income
distributions
received		          Capital gain
distributions
received		          Realized gain
(loss)		          Change in
unrealized
appreciation
(depreciation)		          Ending value
Managed Volatility Conservative
Blue Chip Growth 486,190 – (70,707) 415,483 – – $497,727 $528,616 $15,335,483
Bond 49,476,280 – (1,579,260) 47,897,020 – – (1,204,949) (8,231,945) 633,198,599
Capital Appreciation 1,124,595 3,245 (156,656) 971,184 – – 190,007 616,885 14,878,536
Core Bond 7,320,467 – (225,083) 7,095,384 – – (173,965) (1,295,281) 90,962,821
Emerging Markets Equity 227,800 3,849 (26,690) 204,959 – – 111,057 (42,791) 2,537,394
Emerging Markets Value 781,432 12,199 (83,521) 710,110 – – 265,005 (46,892) 7,704,688
Equity Income 1,577,525 9,179 (103,986) 1,482,718 – – 339,588 (861,908) 25,235,862
Fundamental Large Cap Value 1,553,442 15,338 (93,539) 1,475,241 – – 84,434 (803,649) 20,550,101
Global Bond 3,527,468 – (250,581) 3,276,887 – – 199,079 667,515 42,992,761
Global Conservative Absolute
Return 796,193 – – 796,193 – – – 39,810 7,428,481
International Growth 97,394 – (9,281) 88,113 – – 76,302 16,093 2,517,388
International Growth Stock 218,947 1,499 (14,261) 206,185 – – 77,364 (107,283) 3,787,616
International Value 476,810 5,404 (30,399) 451,815 – – 118,183 (269,541) 6,253,125
Mid Cap Stock 213,881 – (25,976) 187,905 – – 103,818 85,393 3,549,529
Mid Value 338,229 332 (18,121) 320,440 – – 26,245 (44,725) 3,669,042
New Income 13,020,838 – (415,273) 12,605,565 – – (463,488) (1,883,885) 157,569,562
Short Term Government Income 1,239,808 – (53,873) 1,185,935 – – (45,914) (40,995) 14,171,925
Small Cap Growth, JHF II 114,973 24,754 (7,879) 131,848 – $409,198 4,418 (474,624) 2,193,952
Small Cap Growth, JHVIT 319,428 – (34,634) 284,794 – – 113,046 (14,760) 2,998,880
Small Cap Value 138,008 969 (5,480) 133,497 – – 6,288 (111,674) 2,585,831
Small Company Value 135,649 86 (5,841) 129,894 – – 1,770 (67,470) 2,635,555
Strategic Equity Allocation 6,337,607 11,477 (440,344) 5,908,740 – – 2,257,337 (2,908,444) 116,461,261
Strategic Growth 940,948 1,891 (108,890) 833,949 – – 312,097 255,945 15,069,457
Total Return 5,906,935 – (190,018) 5,716,917 – – (137,592) (987,405) 76,035,002
– $409,198 $2,757,857 ($15,983,015) $1,270,322,851

374



Dividends and distributions    
Portfolio          Beginning
share
amount		          Shares
purchased 		         Shares
sold		         

Ending
share
amount

          Income
distributions
received		          Capital gain
distributions
received		          Realized gain
(loss)		          Change in
unrealized
appreciation
(depreciation)		          Ending value
Managed Volatility Growth
Alpha Opportunities 8,258,668 – (1,409,867) 6,848,801 – – ($56,395) $155,024 $68,898,940
Blue Chip Growth 8,435,356 – (887,493) 7,547,863 – – 18,529,786 (836,890) 278,591,606
Bond 132,371,583 2,625,657 (4,996,320) 130,000,920 – – (3,175,963) (22,441,631) 1,718,612,158
Capital Appreciation 19,560,310 – (1,923,336) 17,636,974 – – 17,240,878 (3,574,205) 270,198,437
Core Bond 19,289,829 236,979 (271,793) 19,255,015 – – (293,649) (3,587,628) 246,849,291
Emerging Markets Equity 8,960,950 – (569,556) 8,391,394 – – 2,342,782 115,794 103,885,460
Emerging Markets Value 30,732,225 – (1,688,998) 29,043,227 – – (1,418,435) 9,424,098 315,119,010
Equity Income 27,593,518 – (396,197) 27,197,321 – – 3,001,159 (13,699,696) 462,898,407
Fundamental Large Cap Value 27,187,098 – (223,411) 26,963,687 – – 498,903 (14,429,959) 375,604,155
Global Bond 9,163,183 – (375,921) 8,787,262 – – 117,792 2,140,866 115,288,873
Global Conservative Absolute
Return 2,663,770 4,926 – 2,668,696 – – – 133,435 24,898,931
International Growth 4,587,259 – (255,284) 4,331,975 – – 1,958,743 2,315,918 123,764,526
International Growth Stock 10,433,367 – (200,848) 10,232,519 – – 1,183,666 (3,082,275) 187,971,380
International Value 20,351,475 – (220,827) 20,130,648 – – 1,344,631 (8,709,217) 278,608,171
International Value Equity 3,863,819 – – 3,863,819 – – – (695,487) 32,919,740
Mid Cap Stock 9,101,927 – (751,913) 8,350,014 – – 4,498,536 3,472,521 157,731,770
Mid Value 15,458,792 – (338,246) 15,120,546 – – 135,085 (1,342,695) 173,130,254
Multifactor Large Cap ETF 3,161,998 – – 3,161,998 – – – (758,563) 109,247,031
Multifactor Mid Cap ETF 1,613,118 – – 1,613,118 – – – 290,361 55,313,816
New Income 34,274,030 344,712 (451,258) 34,167,484 – – (468,897) (5,738,750) 427,093,553
Short Term Government Income 2,879,580 24,815 (49,165) 2,855,230 – – (45,749) (156,095) 34,119,993
Small Cap Growth, JHF II 3,284,288 697,540 (93,402) 3,888,426 – $12,144,163 (66,309) (14,000,777) 64,703,404
Small Cap Growth, JHVIT 8,485,972 – (646,561) 7,839,411 – – (1,051,152) 3,513,817 82,548,996
Small Cap Value 3,789,984 – – 3,789,984 – – – (3,069,887) 73,411,981
Small Company Value 3,726,888 – (35,605) 3,691,283 – – 215,170 (2,137,770) 74,896,130
Strategic Equity Allocation 166,988,261 – (4,536,342) 162,451,919 – – 35,793,548 (61,095,036) 3,201,927,315
Strategic Growth 16,338,171 – (1,211,392) 15,126,779 – – 3,124,055 6,248,560 273,340,896
Total Return 15,574,165 175,737 (233,032) 15,516,870 – – (173,573) (2,800,668) 206,374,377
– $12,144,163 $83,234,612 ($134,346,835) $9,537,948,601

375



Dividends and distributions    
Portfolio          Beginning
share
amount		          Shares
purchased 		         Shares
sold		         

Ending
share
amount

          Income
distributions
received		          Capital gain
distributions
received		          Realized gain
(loss)		          Change in
unrealized
appreciation
(depreciation)		          Ending value
Managed Volatility Moderate
Alpha Opportunities 749,564 – (71,157) 678,407 – – ($2,846) ($15,468) $6,824,772
Blue Chip Growth 1,455,938 – (184,265) 1,271,673 – – 3,574,366 (510,122) 46,937,452
Bond 62,363,445 460,362 (1,310,773) 61,513,034 – – (859,468) (11,085,487) 813,202,310
Capital Appreciation 3,358,957 – (396,561) 2,962,396 – – 1,094,973 1,277,079 45,383,903
Core Bond 9,206,325 17,799 (109,008) 9,115,116 – – (147,348) (1,697,219) 116,855,788
Emerging Markets Equity 797,243 – (59,681) 737,562 – – 248,710 (23,299) 9,131,015
Emerging Markets Value 2,734,154 14,799 (188,494) 2,560,459 – – 604,245 129,779 27,780,976
Equity Income 4,717,659 4,692 (147,904) 4,574,447 – – 821,368 (2,551,763) 77,857,095
Fundamental Large Cap Value 4,659,605 20,374 (134,213) 4,545,766 – – 106,446 (2,410,772) 63,322,514
Global Bond 4,337,845 2,258 (226,877) 4,113,226 – – 582,476 483,463 53,965,522
Global Conservative Absolute
Return 1,018,865 – – 1,018,865 – – – 50,943 9,506,010
International Growth 355,364 – (29,371) 325,993 – – 248,178 88,387 9,313,622
International Growth Stock 788,772 86 (22,324) 766,534 – – 123,123 (251,030) 14,081,230
International Value 1,739,905 2,523 (34,964) 1,707,464 – – 133,209 (747,215) 23,631,306
Mid Cap Stock 1,174,164 – (118,492) 1,055,672 – – 766,781 265,883 19,941,638
Mid Value 1,846,862 – (58,574) 1,788,288 – – 103,351 (234,383) 20,475,899
New Income 16,369,278 – (183,007) 16,186,271 – – (139,059) (2,814,526) 202,328,391
Short Term Government Income 1,484,353 2,102 (36,008) 1,450,447 – – (30,763) (73,277) 17,332,840
Small Cap Growth, JHF II 429,632 89,787 (17,347) 502,072 – $1,563,179 (1,326) (1,808,633) 8,354,473
Small Cap Growth, JHVIT 1,178,803 – (103,925) 1,074,878 – – (115,983) 466,330 11,318,469
Small Cap Value 517,348 121 (2,341) 515,128 – – 7,012 (424,321) 9,978,029
Small Company Value 501,942 – (11,427) 490,515 – – 60,870 (317,074) 9,952,558
Strategic Equity Allocation 21,948,750 – (934,966) 21,013,784 – – 7,583,522 (10,472,399) 414,181,673
Strategic Growth 2,803,231 – (263,533) 2,539,698 – – 686,288 961,281 45,892,343
Total Return 7,439,117 1,137 (94,334) 7,345,920 – – (70,062) (1,346,398) 97,700,740
– $1,563,179 $15,378,063 ($33,060,241) $2,175,250,568

376


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 March 31, 2018:

Value as a
Original Beginning percentage of
acquisition Acquisition share Ending share portfolio's net Value as of
Portfolio         Issuer, Description         date         cost         amount         amount         assets                 3-31-18
Alpha Opportunities Trust Coupang LLC 11/20/2014 $446,608 143,460 143,460 0.6% $708,692
Alpha Opportunities Trust DraftKings, Inc. 12/4/2014 184,380 124,937 124,937 0.2% 178,660
Alpha Opportunities Trust Essence Group Holdings Corp. 5/1/2014 321,999 203,629 203,629 0.3% 411,331
Alpha Opportunities Trust Jand, Inc., Class A 4/23/2015 40,141 3,495 3,495 0.0% * 54,931
Alpha Opportunities Trust Jand, Inc., Series D 4/23/2015 89,643 7,805 7,805 0.1% 122,671
Alpha Opportunities Trust Lookout, Inc., Series F 7/31/2014 287,565 25,174 25,174 0.2% 215,993
Alpha Opportunities Trust MarkLogic Corp., Series F 4/27/2015 358,170 30,839 30,839 0.3% 330,594
Alpha Opportunities Trust Pinterest, Inc., Series G 3/16/2015 1,163,695 162,095 162,095 1.0% 1,227,059
Alpha Opportunities Trust The Honest Company, Inc. (Common Stock) 8/20/2014 103,927 3,841 3,841 0.0% * 48,627
Alpha Opportunities Trust The Honest Company, Inc. (Preferred Stock) 8/20/2014 242,515 8,963 8,963 0.2% 280,452
Alpha Opportunities Trust Uber Technologies, Inc. 6/5/2014 2,206,328 142,224 59,603 1.7% 1,965,045
Sold: 82,621 shares
Alpha Opportunities Trust WeWork Companies, Inc., Class A 12/8/2014 42,527 929 929 0.0% * 48,131
Alpha Opportunities Trust WeWork Companies, Inc., Series D1 12/8/2014 211,370 12,694 12,694 0.6% 657,676
Alpha Opportunities Trust WeWork Companies, Inc., Series D2 12/8/2014 166,079 9,974 9,974 0.4% 516,753
Alpha Opportunities Trust Zuora, Inc., Series F 1/15/2015 379,546 99,899 99,899 0.6% 684,308
$7,450,923

377



Value as a
Original Beginning percentage of
acquisition Acquisition share Ending share portfolio's net Value as of
Portfolio         Issuer, Description         date         cost         amount         amount         assets                   3-31-18
Health Sciences Trust Acerta Pharma BV, Class B 2/8/2016 $128,018 4,276,305 4,276,305 0.1% $360,920
Health Sciences Trust Doximity, Inc. 4/10/2014 152,390 31,611 31,611 0.0% * 136,243
Health Sciences Trust Jand, Inc., Class A 4/23/2015 170,752 14,867 14,867 0.1% 233,665
Health Sciences Trust Jand, Inc., Series D 4/23/2015 381,289 33,198 33,198 0.2% 521,773
$1,252,601
 
Mid Cap Stock Trust Coupang LLC 11/20/2014 $3,219,745 1,034,250 1,034,250 0.7% $5,109,195
Mid Cap Stock Trust DraftKings, Inc. 12/4/2014 1,372,082 933,549 933,549 0.2% 1,334,975
Mid Cap Stock Trust Essence Group Holdings Corp. 5/1/2014 2,308,001 1,459,559 1,459,559 0.4% 2,948,309
Mid Cap Stock Trust Jand, Inc., Class A 4/23/2015 290,613 25,303 25,303 0.1% 397,687
Mid Cap Stock Trust Jand, Inc., Series D 4/23/2015 648,942 56,502 56,502 0.1% 888,042
Mid Cap Stock Trust Lookout, Inc., Series F 7/31/2014 2,122,743 185,829 185,829 0.2% 1,594,413
Mid Cap Stock Trust MarkLogic Corp., Series F 4/27/2015 2,580,629 222,196 222,196 0.3% 2,381,941
Mid Cap Stock Trust Pinterest, Inc., Series G 3/16/2015 2,096,941 292,090 292,090 0.3% 2,211,121
Mid Cap Stock Trust The Honest Company, Inc. (Common Stock) 8/20/2014 772,269 28,542 28,542 0.0% * 361,342
Mid Cap Stock Trust The Honest Company, Inc. (Preferred Stock) 8/20/2014 1,801,962 66,598 66,598 0.3% 2,083,851
Mid Cap Stock Trust Uber Technologies, Inc. 6/5/2014 9,067,440 584,504 360,843 1.6% 11,896,597
Sold: 223,661 shares
Mid Cap Stock Trust WeWork Companies, Inc., Class A 12/8/2014 303,018 6,615 6,615 0.0% * 342,723
Mid Cap Stock Trust WeWork Companies, Inc., Series D1 12/8/2014 1,506,031 90,446 90,446 0.6% 4,686,007
Mid Cap Stock Trust WeWork Companies, Inc., Series D2 12/8/2014 1,183,315 71,065 71,065 0.5% 3,681,878
Mid Cap Stock Trust Zuora, Inc., Series F 1/15/2015 2,719,296 715,736 715,736 0.7% 4,902,792
$44,820,873

378



Value as a
Original Beginning percentage of
acquisition Acquisition share Ending share portfolio's net Value as of
Portfolio         Issuer, Description         date         cost         amount         amount         assets                 3-31-18
Science & Technology Trust Airbnb, Inc., Series E 7/14/2015 $802,846 8,624 8,624 0.1% $852,396
Science & Technology Trust Flipkart, Ltd. 3/19/2015 55,860 410 410 0.0% * 36,127
Science & Technology Trust Flipkart, Ltd., Series A 3/19/2015 19,152 141 141 0.0% * 12,424
Science & Technology Trust Flipkart, Ltd., Series C 3/19/2015 33,630 247 247 0.0% * 21,764
Science & Technology Trust Flipkart, Ltd., Series E 3/19/2015 62,586 460 460 0.0% * 40,532
Science & Technology Trust Flipkart, Ltd., Series G 12/17/2014 377,484 2,638 2,638 0.0% * 315,927
Science & Technology Trust Xiaoju Kuaizhi, Inc. 10/19/2015 260,905 9,513 9,513 0.1% 474,128
$1,753,298
 
Small Cap Growth Trust DraftKings, Inc. 7/13/2015 $1,234,765 327,094 327,094 0.1% $467,744
Small Cap Growth Trust MarkLogic Corp., Series F 4/27/2015 1,781,885 153,423 153,423 0.4% 1,644,695
Small Cap Growth Trust The Honest Company, Inc., Series D 8/3/2015 1,233,280 26,954 26,954 0.2% 978,700
Small Cap Growth Trust Zuora, Inc., Series F 1/15/2015 1,533,808 403,708 403,708 0.6% 2,765,400
$5,856,539

* Less than 0.05%

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.

Effective May 1, 2018, Bond Trust and Small Cap Growth Trust changed their names to Select Bond Trust and Small Cap Stock Trust, respectively.

For additional information on the portfolios’ significant accounting policies, please refer to the portfolios’ most recent semiannual or annual shareholder report.

379


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: May 10, 2018

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: May 10, 2018
 
/s/ Charles A. Rizzo
Charles A. Rizzo
Chief Financial Officer
 
Date: May 10, 2018